Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Q4 2020 Earnings Presentation
19 slides from Tomra Systems Asa's earnings presentation, Feb 23, 2021
Slide 1: 4th quarter 2020 results announcement
th 4 quarter 2020 results announcement TOMRA Systems ASA 23 February 2021 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Key financial highlights
Key financial highlights Revenues • All time high revenues of 2,742 MNOK (2,569 MNOK in fourth quarter 2019) Adjusted for currency, revenues were: - Up 4% for TOMRA Group - Up 10% in TOMRA Collection Solutions - Up 3% in TOMRA Recycling Mining - Down 5% in TOMRA Food Gross margin • Gross margin 44.5
Slide 4: Business update for TOMRA Collection Solutions
Business update for TOMRA Collection Solutions Sound operations despite new COVID-19 lockdowns Update on new deposit markets1) Europe Australia The Netherlands – July 2021 and December 2022 (expansion) lockdown lockdown ‒ In April 2020, the DRS expansion law was approved to include Revenue Share dep
Slide 5: Business update for TOMRA Recycling & Mining
Business update for TOMRA Recycling & Mining Improved commodity prices Continued demand for high quality recyclates Illustration1) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 1.500 €/ton PET rPET - Continues to be a healthy sector 1.000 - Solid dem
Slide 6: Business update for TOMRA Food
Business update for TOMRA Food Continued good momentum in fresh food Improved order intake in processed food Processed Food Potatoes sorting - Top category in processed food - Quarterly revenues below last year - Strong development in the order - Food service increasingly adapts intake for potatoes
Slide 7: Circular Economy – Innovating through collaboration
Circular Economy – Innovating through collaboration Post Pre- Washing Flake Compounding Production consumer sorting sorting waste The demo plant covers the process from post consumer waste to production of recycled polymers. PET PE PE PE PP PP PVC PUR PS Other 8% 30% 19% 10% 8% 6% 19% PET is the mai
Slide 8: Financials and Outlook
FINANCIALS AND OUTLOOK 8
Slide 9: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 4Q20 vs 4Q19 10% change in NOK towards other 130 currencies will impact: 125 Revenues Expenses EBITA 120 115 EUR* 4.5% 4.0% 7.0% 110 +6.6%* USD 3.5% 2.5% 8.0% 105 OTHER** 2.0% 3.0% -4.0% 100 -1.0%* 95 ALL 10.0% 9.5% 11.0% 4Q19 1Q20 2Q20
Slide 10: Financial highlights | P&L statement
Financial highlights | P&L statement 4th Quarter Full Year Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 2,742 2,569 2,648 9,941 9,346 9,997 Collection Solutions 1,426 1,265 1,302 4,936 4,633 4,939 Recycling Mining 438 413 426 1,694 1,692 1,818 Food 878 891 920 3,311 3,021
Slide 11: TOMRA Collection Solutions financials
TOMRA Collection Solutions financials 4th Quarter Full Year Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 1,426 1,265 1,302 4,936 4,633 4,939 Northern Europe 223 160 778 618 Europe (ex Northern) 608 498 1,923 1,708 North America 407 428 1,590 1,718 Rest of the world 188 179
Slide 12: TOMRA Recycling Mining financials
TOMRA Recycling Mining financials 4th Quarter Full Year Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 438 413 426 1,694 1,692 1,818 Europe 247 226 1,041 1,000 America 61 59 196 225 Asia 79 91 289 303 Rest of the world 51 37 168 164 Gross contribution 237 206 211 910 888 954
Slide 13: TOMRA Food financials
TOMRA Food financials 4th Quarter Full Year Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 878 891 920 3,311 3,021 3,240 Europe 194 197 875 767 America 405 407 1,521 1,426 Asia 62 94 291 293 Rest of the world 217 193 624 535 Gross contribution 386 396 405 1,414 1,269 1,357 i
Slide 14: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 31 December 2020 2019 Amounts in NOK million ASSETS 10,977 10,868 Intangible non-current assets 3,846 3,788 Tangible non-current assets 2,371 2,330 Financial non-current assets 353 406 Inventory 1,492 1,596 Receivables 2,383 2,288 Cash and cash equi
Slide 15: TOMRA has a solid financial position
TOMRA has a solid financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 3.0 years • TOMRA has a satisfactory liquidity situation with available unused • All interest-bearing is swapped to EUR and is exposed to EUR/NOK credit lines of approx. 1 460 MNOK
Slide 16: Mapping of new reporting segments
Mapping of new reporting segments Old segments 2020 2020 New segments Figures in NOK m illion Total Total Figures in NOK m illion Tom ra Collection Solutions Tom ra Collection Solutions Total revenues 4 936 4 936 Total revenues Gross contribution 2 042 2 042 Gross contribution -% 41 % 41,4 % - % Ope
Slide 17: Outlook
Outlook • Overall good momentum in TOMRA Collection Collection Solutions • New potential outbreaks of COVID-19 could have negative impact • Expansion in Netherlands expected to have a positive impact • Underlying momentum assumed to continue Recycling/Mining • Deviations between business streams due
Slide 18: Q&A
Q&A 18
Slide 19: Copyright and Disclaimer
Copyright The material in this Document (which may be a presentation, video, brochure or other material), hereafter called Document, including copy, photographs, drawings and other images, remains the property of TOMRA Systems ASA or third-party contributors where appropriate. No part of this Docume