Slide 1: 4th quarter 2021 results announcement
th 4 quarter 2021 results announcement TOMRA Systems ASA 23 February 2022 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Financial highlights
Financial highlights Revenues • Revenues of 3,050 MNOK (2,742 MNOK in fourth quarter 2020) Adjusted for currency, revenues were: - Up 16% for TOMRA Group - Up 9% in TOMRA Collection - Up 51% in TOMRA Recycling Mining - Up 11% in TOMRA Food Gross margin • Gross margin 44% (down from 45% in fourth qua
Slide 4: Business update for TOMRA Collection
Business update for TOMRA Collection Successful roll-out of the deposit system in Slovakia Update on new deposit markets (according to official government statements) The Netherlands – December 2022 (expansion) Slovakia DRS live on Jan 1st, 2022 In February 2021, the decision of deposit introduction
Slide 5: Business update for TOMRA Recycling Mining
Business update for TOMRA Recycling Mining Positive order intake development and solid backlog High rPET and metal prices at the end of September Illustration1) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 2.000 €/ton PET - Continued good momentum i
Slide 6: Business update for TOMRA Food
Business update for TOMRA Food Good demand signals in both segments TOMRA Food field research center in Hamilton Processed Food - Good demand signals - Supply chain disruptions continue to be a challenge Fresh Food - Continued good momentum - Strong relative growth in kiwi, apples and cherry TOMRA i
Slide 7: Financials and outlook
FINANCIALS AND OUTLOOK 7
Slide 8: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 4Q21 vs 4Q20 10% change in NOK towards other 105 currencies will impact: 103 EUR/NOK -7.3%* 101 USD/NOK -3.4%* Revenues Expenses EBITA 99 97 EUR* 4.5% 4.0% 7.0% 95 USD 3.5% 2.5% 8.0% 93 91 OTHER2 2.0% 3.0% -4.0% 89 ALL 10.0% 9.5% 11.0% 8
Slide 9: Financial highlights | P&L statement
Financial highlights | P&L statement 4th Quarter Full Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 3,050 2,742 2,619 10,909 9,941 9,449 Collection 1,481 1,426 1,357 5,738 4,936 4,698 Recycling Mining 631 438 418 1,881 1,694 1,630 Food 938 878 844 3,290 3,311 3,121 Gro
Slide 10: TOMRA Collection financials
TOMRA Collection financials 4th Quarter Full Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 1,481 1,426 1,357 5,738 4,936 4,698 Northern Europe 187 223 801 778 Europe (ex Northern) 683 608 2,617 1,923 North America 413 407 1,672 1,590 Rest of the world 198 188 648 645 G
Slide 11: TOMRA Recycling Mining financials
TOMRA Recycling Mining financials 4th Quarter Full Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 631 438 418 1,881 1,694 1,630 Europe 386 247 1,151 1,041 Americas 83 61 280 196 Asia 103 79 290 289 Rest of the world 59 51 160 168 Gross contribution 338 237 230 996 910 8
Slide 12: TOMRA Food financials
TOMRA Food financials 4th Quarter Full Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 938 878 844 3,290 3,311 3,121 Europe 174 194 911 875 Americas 338 405 1,369 1,521 Asia 161 62 352 291 Rest of the world 265 217 658 624 Gross contribution 399 386 375 1,381 1,414 1,312
Slide 13: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 31 December 2021 2020 Amounts in NOK million ASSETS 11,589 10,977 Intangible non-current assets 3,790 3,846 Tangible non-current assets 2,197 2,371 Financial non-current assets 347 353 Inventory 1,883 1,492 Receivables 2,740 2,383 Cash and cash equi
Slide 14: TOMRA has a solid financial position
TOMRA has a solid financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 2.0 years • TOMRA has a satisfactory liquidity situation with available unused credit • All interest-bearing is swapped to EUR and is exposed to EUR/NOK lines of approx. 1 525 MNOK
Slide 15: Outlook
Outlook • High activity related to preparation for new markets Collection • Quarterly performance will be dependent upon timing of new initiatives • Positive momentum assumed to continue Recycling Mining • High commodity prices and push for circularity are expected to drive growth • Good demand sign
Slide 16: Save the date! TOMRA Capital Markets Day
Save the date! TOMRA Capital Markets Day 23 June 2022 Germany Koblenz 16
Slide 17: Q&A
Q&A 17
Slide 18: 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