Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Q4 2024 Earnings Presentation
17 slides from Tomra Systems Asa's earnings presentation, Feb 14, 2025
Slide 1: 4th quarter 2024 results announcement
4th quarter 2024 results announcement TOMRA Systems ASA 14 February 2025 © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Financial highlights
Revenues • Total revenue of 398 MEUR (354 MEUR in 4Q 2023). Compared to 4Q 2023 revenues were: ‐ Up 12% for TOMRA Group ‐ Up 2% in Collection ‐ Up 37% in Recycling ‐ Up 13% in Food Gross margin • Gross margin at 46% (44% in 4Q 2023) ‐ Strong volumes in Recycling and COGS savings in Food Operating ex
Slide 4: Collection Business update
Poland – 1 October 2025 In an amended act, Poland set a new commencement date for their deposit return system Collection Business update to 1 October 2025 (link). • Record revenues in the quarter, driven by strong sales in both Tasmania – 1 May 2025 existing and new markets. TOMRA has been appointed
Slide 5: Recycling Business update
Strong order intake Recycling Business update up 15% compared with 4Q 2023 • Record revenues and EBITA in the quarter on successful EUR millions delivery on order book. • Strong order intake in the quarter and solid order backlog. • Soft market sentiment continues in European plastics recycling, sta
Slide 6: Food Business update
Food Business update • Strong quarter with revenue growth of 13% compared to 4Q 2023 • Further cost savings realized in the quarter; cost savings program completed. • 20% FTE reduction • Production site closures completed in Hamilton and Auckland (NZ) • 30 MEUR in annual run rate savings • Signs of
Slide 7: Horizon Business update
TOMRA Reuse Aarhus findings after one year of piloting Horizon Business update • TOMRA Feedstock: Norwegian plant nearing completion. Commissioning planned in Q2 2025. • TOMRA Reuse: Celebrating one year of piloting in Aarhus, Denmark with high user satisfaction rates. Collaboration agreement signed
Slide 8: Financials and outlook
miarelalerelis and outlook
Slide 9: Group P&L Highlights
Revenues Group P&L Highlights [EUR millions] Gross margin [% of Revenues] EBITA (and EBITA adj.) [EUR millions] * Includes Food restructuring and cyberattack costs
Slide 10: Collection P&L Highlights
Revenues Collection P&L Highlights [EUR millions] Northern Europe Gross margin [% of Revenues] Europe e Northern North America Rest of the world Opera ng e penses EBITA [EUR millions]
Slide 11: Recycling P&L Highlights
Revenues [EUR millions] Recycling P&L Highlights Gross margin [EUR millions] Europe Americas Asia EBITA Rest of the world [EUR millions] Opera ng e penses Order intake Order backlog [EUR millions] [EUR millions]
Slide 12: Food P&L Highlights
Revenues [EUR millions] Food P&L Highlights Gross margin [EUR millions] Europe Americas Asia EBITA (and EBITA adj.) Rest of the world [EUR millions] Opera ng e penses ‐ Order intake Order backlog [EUR millions] [EUR millions] Special items ‐ ‐ ‐ ‐ *Food restructuring costs
Slide 13: Balance sheet and cash flow
Cashflow from operations Balance sheet and cash flow • Cash flow from operations of 83 MEUR in 4Q 2024 (113 MEUR in 4Q 2023) Solidity and gearing • 38% equity ratio • NIBD/EBITDA (rolling 12 months) of 1.6x Cash flow from operations, YTD ntangible non‐current assets [EUR millions] Range ‐ angible no
Slide 14: Financial position
Financial position Financing Capital structure EUR millions 220 • Updated RCF agreement of 200 150 MEUR running until Undrawn credit facilities 180 December 2027 Capital Drawn credit facilities Bonds and other loans • Weighted average debt maturity structure Low gearing and financial risk 160 Undraw
Slide 15: Outlook
• High activity related to new and expanding markets. Collection . • Quarterly performance will be dependent upon timing of new initiatives. • Regulation and demand for recycled materials is expected to create attractive growth opportunities. • Currently softer market sentiment in plastics recycling
Slide 16: 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 17: www.tomra.com
www.tomra.com