Slide 1: 2nd quarter 2022 results announcement
2nd quarter 2022 results announcement Click to enter TOMRA Systems name ASA Place 15 July 2022 dd.mm.yy © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Financial highlights
Revenues • All-time high revenues of 3,054 MNOK (2,685 MNOK in second quarter 2021) Adjusted for currency, revenues were: - Up 10% for TOMRA Group Financial - Up 6% in Collection - Up 25% in Recycling - Up 7% in Food highlights Gross margin • Gross margin 42% (down from 45% in second quarter 2021) -
Slide 4: Collection Business update
The Netherlands – 1 January 2023 (expansion) Collection From January 1, 2023, The Netherlands will extend their deposit system to include cans, which are planned to be collected via retail (link). Business update Romania – 2022-2023 Romania passed the government decision to introduce a deposit syste
Slide 5: Recycling Business update
All-time high order intake, up 19%* in comparable currencies Recycling 675 Business update 398 347 529 • Waste sorting growing steadily at double digits and continued good demand in metal recycling Highlights • Promising activity level in newer segments like wood and textile • Continued high demand
Slide 6: Food Business update
Order intake up 12%* compared to same quarter last year Food 1 043 Business update 713 748 881 • Good demand signals both in Fresh Food and Processed Food • Strong order intake development in the Citrus category for the quarter and first half year • Good investment level in vegetables and fresh cut
Slide 7: Financials and outlook
Financials and outlook
Slide 8: Group P&L Highlights
Revenues [NOK millions] Group P&L Highlights 2 128 2 319 2 319 2 685 3 054 2nd Quarter 1st Half Year Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 2Q18 2Q19 2Q20 2Q21 2Q22 Revenues 3,054 2,685 2,781 5,555 4,976 5,062 Gross margin [% of Revenues] Collection 1,519 1,379 1,427 2,913 2,
Slide 9: Collection P&L Highlights
Revenues [NOK millions] Collection P&L Highlights 1 055 1 088 1 055 1 379 1 519 2nd Quarter 1st Half Year Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 2Q18 2Q19 2Q20 2Q21 2Q22 Revenues 1,519 1,379 1,427 2,913 2,743 2,783 Gross margin [% of Revenues] Northern Europe 240 215 485 418
Slide 10: Recycling P&L Highlights
Revenues [NOK millions] 552 Recycling P&L Highlights 426 354 439 2Q18 2Q19 2Q20 2Q21 2Q22 2nd Quarter 1st Half Year Gross margin [NOK millions] Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 54% 55% 53% 49% Revenues 552 439 440 1,041 757 751 Europe 363 264 672 464 2Q18 2Q19 2Q20 2Q21
Slide 11: Food P&L Highlights
Revenues [NOK millions] 983 910 867 804 Food P&L Highlights 2Q18 2Q19 2Q20 2Q21 2Q22 2nd Quarter 1st Half Year Gross margin [NOK millions] Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 43% 43% 44% 43% Revenues 983 867 915 1,601 1,476 1,527 Europe 289 254 429 442 2Q18 2Q19 2Q20 2Q21
Slide 12: Balance sheet and cash flow
Cash flow from operations Balance sheet and cash flow [NOK millions] 30 June 31 Dec Amounts in NOK million 2022 2021 2021 ASSETS 13,242 11,281 11,589 Intangible non-current assets 3,949 3,810 3,790 Tangible non-current assets 2,481 2,226 2,197 Financial non-current assets 420 393 347 Inventory 2,203
Slide 13: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 2Q22 vs 2Q21 120 10% change in NOK towards other currencies will impact: 115 Revenues Expenses EBITA 110 USD/NOK +12.8%* EUR* 5.0% 5.0% 5.0% 105 100 USD 3.0% 2.5% 6.0% 95 EUR/NOK -0.5%* OTHER2 2.0% 2.0% 2.0% 90 2Q21 3Q21 4Q21 ALL 10.0% 9
Slide 14: Financial position
Financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 1.5 years • TOMRA has a satisfactory liquidity situation with available unused credit lines of • Interest-bearing bonds are swapped to EUR and is exposed to EUR/NOK exchange approx. 518 MNOK rate flu
Slide 15: Outlook
• High activity related to preparation for new markets Collection • Quarterly performance will be dependent upon timing of new initiatives Outlook • Positive momentum assumed to continue Recycling • Demand for recycled materials is expected to drive growth • Good demand signals and investment sentim
Slide 16: IRE TOMRA
IRE TOMRA
Slide 17: 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 Docum
Slide 18: www.tomra.com
www.tomra.com 18