Slide 1: 1st Quarter 2016 Results Announcement
ST 1 QUARTER 2016 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 1st Quarter Results 26.04.2016
Slide 2: Highlights from the Quarter
HIGHLIGHTS FROM THE QUARTER • Revenues of 1,360 MNOK (1,107 MNOK in first quarter 2015) Currency adjusted revenues were: Revenues - Up 12% for TOMRA Group - Up 14% in TOMRA Collection Solutions - Up 10% in TOMRA Sorting Solutions • Gross margin 42%, down from 43% in first quarter 2015 (currency adju
Slide 3: Currency
CURRENCY +11.6% Positive impact of +9.1% stronger USD and EUR, partly offset +6.3% by negative CNY effect 4Q14 1Q15 2Q15 3Q15 4Q15 Revenues and expenses per currency; NOTE: Rounded figures EUR* USD NOK SEK OTHER TOTAL Revenues 45 % 30 % 5% 10 % 10 % 100 % Expenses 45 % 25 % 10 % 10 % 10 % 100 % EBIT
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS P&L STATEMENT 1st Quarter Amounts in NOK million 2016 2015 15 Adj* Revenues 1,360 1,107 1,210 • Collection Solutions 869 699 763 • Sorting Solutions 491 408 447 Gross contribution 574 473 517 in % 42% 43% 43% Operating expenses 421 369 401 EBITA 153 104 116 in % 11% 9% 9% *2015
Slide 5: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure
FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 31 March 31 March 31 Dec Amounts in NOK million 2016 2015 2015 ASSETS 7,152 6,412 7,317 • Intangible non-current assets 2,858 2,583 2,891 • Tangible non-current assets 795 701 837 • Financial non-current assets 306 317 316 • Invento
Slide 6: TOMRA Collection Solutions
TOMRA COLLECTION SOLUTIONS 6
Slide 7: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS • Revenues of 869 MNOK, up from 699 MNOK in first quarter 2015 - Revenues up 14% in local currencies • Gross margin was 41% in the period - Down from 42% last year, due to product mix Overall • Operating expenses of 205 MNOK - Up from 4% currency adjusted • EBITA incr
Slide 8: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 1st Quarter Amounts in NOK million 2016 2015 15 Adj* Revenues 869 699 763 • Nordic 158 118 • Europe (ex Nordic) 374 272 • US East/Canada 322 299 • Rest of the world 15 10 Gross contribution 352 291 317 in % 41% 42% 42% Operating expenses 205 183 198 EBITA 147 108 119
Slide 9: TOMRA Machines Installed in the German Market
GERMANY REPLACEMENT UPDATE TOMRA MACHINES INSTALLED IN THE GERMAN MARKET 2700 – 3700 MACHINES PER YEAR 1Q16 9
Slide 10: TOMRA Sorting Solutions
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Slide 11: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 491 MNOK in first quarter 2016, up from 408 MNOK in first quarter 2015 Revenues — Revenues up 10% in local currencies • Gross margin stable at 45% Gross margin EBITA • EBITA of 16 MNOK (4 MNOK in first quarter 2015) • Order intake of 661 MNOK, compared
Slide 12: Business Stream Update
BUSINESS STREAM UPDATE FOOD • Revenues in 1Q16 up from 1Q15 • Order intake significantly up quarter over quarter, leading to an all time high order backlog at the end of 1Q16 RECYCLING • Revenues in 1Q16 slightly up from 1Q15, • Order intake stable quarter over quarter • Order backlog stable • Chall
Slide 13: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 1st Quarter Amounts in NOK million 2016 2015 15 Adj* Revenues 491 408 447 • Europe 205 208 • North America 157 111 • South America 4 13 • Asia 90 59 • Oceania 21 11 • Africa 14 6 Gross contribution 222 182 200 in % 45% 45% 45% Operating expenses 206 178 195 EBITA 16 4 5
Slide 14: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM • Delivered all time high order intake of 661 MNOK in the quarter (compared to 573 MNOK last year) • Revenues came in at 491 MNOK (up from 408 MNOK in 1Q15) • With an all time high order intake, and somewhat limited numbers taken to P/L, the quarter ends with a healt
Slide 15: Outlook and Shareholder Structure
OUTLOOK AND SHAREHOLDER STRUCTURE 15
Slide 16: Outlook
OUTLOOK • The replacement demand in Germany is assumed Collection to continue, but second half of 2016 is expected Solutions to be stronger than first half. • Currently good momentum in Food Sorting, but Sorting low commodity prices negatively impact Mining. Solutions • Reporting in NOK and with som
Slide 17: Q&A
Q&A 17
Slide 18: TOMRA Shareholder Structure
TOMRA SHAREHOLDER STRUCTURE Top 10 shareholders as of 06 April 2016 Shareholders by country 1 Investment AB Latour 38 130 000 25.8% 2 Folketrygdfondet 10 955 732 7.4% 3 Skandinaviska Enskilda (Client Account) 9 874 206 6.7% (NOM) 4 The Bank of New York BNY Mellon 2 916 535 2.0% (NOM) 5 Nordea Nordic
Slide 19: Disclaimer
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