Slide 1: 3rd quarter 2022 results announcement
3rd quarter 2022 results announcement Click to enter TOMRA Systems name ASA Place 21 October 2022 dd.mm.yy © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Financial highlights
Revenues • All-time high revenues of 3,156 MNOK (2,883 MNOK in third quarter 2021) Adjusted for currency, revenues were: Financial - Up 6% for TOMRA Group - Up 1% in Collection - Up 34% in Recycling highlights - Flat in Food Gross margin • Gross margin of 41% – down from 44% in third quarter 2021 Op
Slide 4: Collection Business update
Collection The Netherlands – 1 January 2023 (expansion) 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 – 30 November 2023 In 2021, Romania passed the government decision to introduce
Slide 5: Recycling Business update
Recycling All-time high order intake, up 41% compared with Q3 2021 681 Business update 390 348 484 • Good demand for recycled material across segments • Solid pipeline in both traditional Highlights regions like Europe and North • Continued good demand levels for recycled material America, and in em
Slide 6: Food Business update
Order backlog up 8% compared to Q3 2021 1 300 Food 1 209 • Good quarter for potatoes and 881 931 processed food Business update • Mixed development in fresh food, with Citrus on a strong trajectory and other categories lower than last year. 3Q19 3Q20 3Q21 3Q22 Order backlog (NOK millions) New partne
Slide 7: Financials and outlook
Financials and outlook
Slide 8: Group P&L Highlights
Revenues [NOK millions] Group P&L Highlights 2 247 2 378 2 578 2 883 3 156 3rd Quarter Year-to-date 9 months Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 3Q18 3Q19 3Q20 3Q21 3Q22 Revenues 3,156 2,883 2,972 8,711 7,859 8,033 Gross margin [% of Revenues] Collection 1,586 1,514 1,567
Slide 9: Collection P&L Highlights
Revenues [NOK millions] Collection P&L Highlights 1 586 1 514 1 238 1 287 1 135 3rd Quarter Year-to-date 9 months Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 3Q18 3Q19 3Q20 3Q21 3Q22 Revenues 1,586 1,514 1,567 4,499 4,257 4,349 Gross margin [% of Revenues] Northern Europe 214 196
Slide 10: Recycling P&L Highlights
Revenues [NOK millions] 654 Recycling P&L Highlights 493 421 417 3Q18 3Q19 3Q20 3Q21 3Q22 3rd Quarter Year-to-date 9 months Gross margin [NOK millions] Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* 54% 55% 54% 52% Revenues 654 493 486 1,695 1,250 1,237 Europe 376 301 1,048 765 3Q18
Slide 11: Food P&L Highlights
Revenues [NOK millions] 916 874 876 Food P&L Highlights 719 3Q18 3Q19 3Q20 3Q21 3Q22 3rd Quarter Year-to-date 9 months Gross margin [NOK millions] Amounts in NOK million 2022 2021 2021 Adj* 2022 2021 2021 Adj* Revenues 916 876 920 2,517 2,352 2,447 42% 43% 42% 39% Europe 287 295 717 737 3Q18 3Q19 3Q
Slide 12: Balance sheet and cash flow
Cash flow from operations Balance sheet and cash flow [NOK millions] 30 September 31 Dec Amounts in NOK million 2022 2021 2021 ASSETS 13,744 11,414 11,589 Intangible non-current assets 4,045 3,798 3,790 Tangible non-current assets 2,583 2,160 2,197 Financial non-current assets 488 390 347 Inventory
Slide 13: Financial position
Financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 1.2 years • TOMRA has a satisfactory liquidity situation with available unused credit lines of approx. 647 MNOK • Interest-bearing bonds are swapped to EUR and is exposed to EUR/NOK exchange rate flu
Slide 14: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 3Q22 vs 3Q21 130 10% change in NOK towards other currencies will impact: 125 120 USD/NOK +14.0%* Revenues Expenses EBITA 115 EUR* 5.0% 5.0% 5.0% 110 105 EUR/NOK -2.6%* USD 3.0% 2.5% 6.0% 100 OTHER2 2.0% 2.0% 2.0% 95 90 ALL 10.0% 9.5% 13.
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 create opportunities • Good demand signals despite tough
Slide 16: BR TOMRA
BR 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