Slide 1: Investor Presentation
Investor Presentation TOMRA Systems ASA 22 October 2024 © TOMRA
Slide 2: Agenda
TOMRA Group 3 TOMRA Group 3 TOMRA Collection 16 TOMRA Collection 16 TOMRA Recycling 38 TOMRA Recycling 38 TOMRA Food 59 TOMRA Food 59 TOMRA Horizon (adjacent business) 59 TOMRA Horizon (adjacent business) 59 TOMRA Financials 87 TOMRA Financials 87 2
Slide 3: TOMRA at a glance
~5,400 1.29 employees billion EUR globally revenues in 2023 Publicly listed on Oslo Stock Exchange (OSEBX: TOM) Collection Recycling Food Horizon 3
Slide 4: Our vision is to lead the resource revolution
At TOMRA, our vision is to lead the resource revolution It is our belief that businesses have the power and responsibility to help manage our planet’s precious resources – today and tomorrow. 4
Slide 5: We are an impact leader providing thought leadership
We are an impact leader providing thought leadership and pushing the boundaries on technology and solutions … … shaping existing markets and creating new ones. 5
Slide 6: We operate in markets where we take a leading global position
We operate in markets where we take a leading global position and make a meaningful impact … … optimizing how resources are obtained, used, and reused. 6
Slide 7: Innovation, passion, and responsibility are our core values
Innovation, passion, and responsibility are our core values … … and we have an entrepreneurial culture where we empower for ownership. 7
Slide 8: A problem to solve
1971 A problem to solve TOMRA founders Tore and Petter Planke Aage Fremstad, the grocer who first asked Petter Planke what to do about manual returns, showcases the first TOMRA prototype 8
Slide 9: We have shaped circularity and resource optimization for over 50 years
We have shaped circularity and resource optimization for over 50 years through innovation, entrepreneurship, and thought leadership TOMRA Horizon Adjacent business building leveraging our technology and expertise TOMRA Food Acquired 2011-2018 TOMRA Recycling Acquired in 2004, organically developed s
Slide 10: Consistent profitable growth with significant emission avoidance
We have consistently delivered profitable growth while enabling significant emission avoidance through our products Avoided emissions from Revenue growth, EUR million Annual dividends (DPS), NOK TOMRA product use*, million tons CO2 1,288 +11% 3.00 CAGR +9% CAGR +6% CAGR 1.95 566 0.68 2013 2015 2017
Slide 11: Decentralized operating model
We have a decentralized operating model characterized by autonomy and accountability Board of Directors Group functions < 2 % of turnover • Finance • HR President and CEO • Strategy and M&A • Branding and Positioning • Sustainability • IT and cyber security Group Management Collection Recycling Food
Slide 12: Drivers for circularity and resource optimization
The drivers for increased circularity and resource optimization have never been stronger than now Decarbonization Regulation Modernization & Automation Demographics Resource scarcity 12 12
Slide 13: TOMRA Strategy
TOMRA Strategy Accelerate growth in core Develop adjacent business Collection Recycling Food Horizon M&A Invest in Invest in Improve profitability Long-term Selected value- double digit growth double digit growth then grow business building adding verticals Fully circular business and being safe, fa
Slide 14: Strategic ambition
Strategic ambition Revenue EBITA Return on Dividend Capital CO2e growth margin Capital Employed payout structure Net 15% at 18% >18% 40-60% Investment Zero CAGR of EPS grade over the cycle by 2030 by 2030 by 2050 14 14
Slide 15: Our vision is to lead the resource revolution
Our vision is to lead the resource revolution, to… Increase today’s Reduce today’s 7% of resources which are 30% of consumable food consumed circularly1 which is lost and wasted2 1) The Circular Gap Report 2024, Circle Economy Foundation. 2) ) Emissions Gap Report 2023, UN Environment Programme. 15
Slide 16: TOMRA Collection
TOMRA Collection Transforming society’s habits to keep valuable resources in a continuous loop of use and reuse 16
Slide 17: Over 46 billion drink containers collected in 2023
Over 46 billion drink containers collected in 2023 This represents only 3% of all beverage containers. 17
Slide 18: Plastics leaking into the ocean
Each year, at least 8 million tons of plastics leak into the ocean. That’s the equivalent of one garbage truck every minute. The New Plastics Economy World Economic Forum (2016)
Slide 19: Deposit return systems enable Clean Loop Recycling
Deposit return systems enable Clean Loop Recycling Europe USA Average PET plastic Average beverage beverage container container return return rates. rates. 47% 94% 27% 72% 88% Containers without Containers with Containers without Containers with Containers in high- a deposit a deposit a deposit1 a d
Slide 20: Drivers of DRS expansion worldwide
Legislation, automation and decarbonization drive the expansion of DRS systems worldwide Regulation Modernization Decarbonization & Automation SUPD & PPWR drive implementation of DRS Labor cost and margin pressure lead to Industry committing to SBTi targets pushing to achieve collection targets abov
Slide 21: Global leader in reverse vending and collection solutions
We are the global leader in reverse vending and collection solutions TOMRA Collection presence Americas ~13,800 e EMEA ~66,200 APAC ~5,000 Total ~85,000 21 21
Slide 22: Portfolio of RVMs, digital tools and service
TOMRA offers a wide portfolio of RVMs, digital tools with APIs, and service - for different size operations Reverse vending machines (RVMs) Digital products and APIs for tailored to a variation of needs end users and operators Unmanned Large scale equipment for Remote and local RVM Kiosks redemption
Slide 23: Six product lines
Revolution Our solutions are divided into six product lines Flexible Standalone Expert Mini Basic 23
Slide 24: Our reverse vending portfolio
Our reverse vending portfolio SMALL STORE MEDIUM STORE LARGE STORE REDEMPTION CENTER UP TO 0.3 M UBC/YEAR UP TO 1 M UBC/YEAR UP TO 3 M UBC/YEAR UP TO 5 M UBC/YEAR UP TO 15 M UBC/YEAR UP TO 50 M UBC/YEAR CONTAINER VOLUME Click here for more info
Slide 25: Digital tools & APIs
Digital tools & APIs • Consumer Experience & Engagement products • Operational Insights & Reports • APIs and integration services 25 25
Slide 26: Service & Support
Service & Support Installation Online support Remote monitoring Preventive Maintenance Training Field Service 26
Slide 27: Customer centricity is at the core of our innovation
Customer centricity is at the core of Efficient our innovation operations for peace of mind strategy Strategic aspiration: Innovate the most A smart attractive solutions A great user investment and the best customer experience for long-term benefits experience 27
Slide 28: Flexible value chain positioning for DRS challenges
We solve customers' DRS challenges through flexible value chain positioning depending on local needs TOMRA Collections' value chain positioning VALUE CHAIN BUSINESS MODELS Buy Sales Service Consume Produce/ Import ~ 40% ~ 20% System Operator share of revenue today share of revenue today Network Oper
Slide 29: Cash flow profiles of the two main business models
Cash flow profiles of the two main business models Illustrative cash flow profiles per machine Cash flow Higher initial sales Higher recurring revenue Year 0 Time Sales & Service Throughput Upfront CAPEX
Slide 30: Ambition for profitable growth in Collection
Our ambition is to continue our trend of profitable growth in Collection Double Digit Increase EBITA % Decrease CO2 footprint Revenue Growth to high 10’s aligned with SBTi targets EUR million EBITA % SBTi Scope 1-3 emission targets >10% 19% 55% 62% >18% reduction reduction +15% CAGR 18% 17% CAGR 15%
Slide 31: Total potential to collect
Total potential to collect Existing conventional DRS Coming conventional DRS Rest of the world (based on global sales of drink containers in 2023) ~2 Trillion (11%) (11%) (78%) Total drink Existing Coming Rest of world containers sold Conventional- Conventional- DRS DRS 31
Slide 32: Growth in existing DRS markets
We will drive significant growth in existing DRS markets by maintaining our industry leadership Existing EXISTINGDRSMARKETS markets Maintain industry leadership Technology leadership to Solution- and Increased trigger replacement of business model throughput & material expected 40-50% share installe
Slide 33: Growth in coming DRS markets
We will drive significant growth in coming DRS markets by leveraging our current strengths Existing COMING DRS markets MARKETS Publicly announced upcoming DRS launch New market Austria Quebec capture Poland Uruguay Tasmania Singapore Legislative considerations and planning Greece UK Czech Rep. Turke
Slide 34: Growth beyond 2030 in rest-of-the-world markets
We will position for growth beyond 2030 in rest-of-the-world markets by exploring alternative collection solutions Existing REST OFDRS THEmarkets WORLD Long-term positioning and investment First-hand experience Holistic solution provider Solution- & business from pilot concepts in of circular soluti
Slide 35: Steadily increasing EBITA margin towards 2030
Our ambition is to steadily increase the EBITA margin towards 2030 while realizing significant growth EBITA margin Increase to high 10’s Increase operational Launch of new Ramp-up costs and efficiency in existing innovative products initial warranty period DRS markets, both and volume growth in redu
Slide 36: Decouple growth from footprint
by reducing the We aim to decouple emissions from our our growth from our operations and footprint increasing the circularity of our products Decrease CO2 footprint aligned with SBTi targets 36 36
Slide 37: Key takeaways
37 Our 2030 ambition: Key takeaways 130 on the way to Responsibly collecting 500bn drink containers Continued strong profitable growth Unique position & market momentum for clean loop recycling and reuse Maintain leadership in existing markets, capture new markets & prepare for beyond 2030 37 37
Slide 38: TOMRA Recycling
TOMRA Recycling Giving every piece of material we sort and analyze – may it be waste, metal or ore – a value. 38 38
Slide 39: Giving every piece of material a value
Giving every piece of material we sort and analyze – may it be waste, metal or ore – a value. The world generates at least At least 33% 2.24 billion TOMRA’s smart sorting machines of waste is not managed in an environmentally tons of municipal solid maximize resource safe manner waste annually recov
Slide 40: Recycling value chain positioning
We support our recovery and recycling customers to enable circularity and decarbonization TOMRA Recycling’s value chain positioning Industries Waste streams Material recovery Recyclers Packaging Rigid Flexible Paper UBCs ...more plastics plastics Automotive New Metal Plastics Electrical & electronic
Slide 41: Global leader in sensor-based technology for recycling and mining
Global leader in sensor-based technology TOMRA Recycling Installed base worldwide enabling recycling and mining Americas ~1 700 Koblenz& Hamburg Germany Senec, Slovakia Parma, Italy EMEA Charlotte, Istanbul, Seoul, USA Turkey Korea ~7 100 Kunshan, China Xiamen, China EUR APAC ~500m Johannesburg, Sou
Slide 42: Our installed base by segment
Our installed base by segment Material recovery segment Recycling segment Ore sorting segment Recover materials for recycling from both Upgrade material to pure fractions Recovery and ore sorting source separated and mixed household for high quality recycling to reduce environmental waste impact Seg
Slide 43: Optical sorting market to grow 8-10% until 2030
Decarbonization, legislation and modernization is driving optical sorting market to grow at 8-10% until 2030 Regulation Decarbonization Modernization & Automation • EPR, PPWR, ELV Regulation • Companies signing up to • Increased competition and encourage more waste science-based targets to net focus
Slide 44: Emergence of EPR beyond packaging
Emergence of Extended Producer Responsibility (EPR) beyond packaging increases adoption of automated sorting EPR for packaging status Further EPR schemes under consideration North South America America Europe Asia Oceania Africa Packaging ELV & WEEE Wood Textile Mandatory EPR for EPR being developed
Slide 45: Macro drivers for sensor-based sorting
Macro drivers present abundant opportunities for the sensor-based sorting market, leading to sustained growth More waste volume Regulation and decarbonization encourage the amount of waste to be sorted in existing waste streams New waste streams Industries becoming more circular enable new waste str
Slide 46: Why sensor-based sorting in recycling?
Why sensor-based sorting in recycling? Revenue increases Cost reduction Environmental benefits Regulatory demand Future-proof business Raises recovery and purity Automates processes and Supports the circular use of Is the key to meeting Flexibility to adapt to new rates for a consistent high- plant
Slide 47: The automated sorting process
The automated sorting process Product-specific equipment 1 design often including multiple sensors and technologies 2 High-tech sensors to identify objects on a transport system High speed processing of 3 information (material, size, color, shape and position of objects) 4 Precise sorting by air jet
Slide 48: How does sensor-based separation work?
How does sensor-based separation work? Feeding of High-tech sensors to identify objects unsorted material Precise ejection by ultra fast air jets Product specific equipment design often including multiple technologies to maximize sorting efficiency High-speed processing of information (material, sha
Slide 49: Example layout of an automated sorting plant
Example layout of an automated sorting plant 49
Slide 50: Different sensors for a tailor-made solution
Different sensors for a tailor-made solution Laser reflection/ Near-infrared X-ray transmission (XRT) fluorescence laser spectrometry (NIR) (LASER) MID INFRARED (MIR) 3D Laser height Color camera (color) LASER INDUCED Electromagnetic sensor BREAKDOWN Visible light (EM) SPECTROSCOPY (LIBS) spectromet
Slide 51: TOMRA Technology
Deep Learning Latest AI technology that solves challenges that cannot be solved with conventional sorting methods FLYING BEAM Groundbreaking illumination TOMRA Technology technology for stable material classification and up to 80% energy savings In-house developed SHARP EYE technology for the highes
Slide 52: A digital future for sorting
We believe in a digital future for sorting The most Data-driven real-time Material flow High-quality service sophisticated sorting optimization through analysis along key with remote systems based on cloud-based points of the sorting diagnostics and traditional sensors monitoring lines preventive an
Slide 53: TOMRA Insight
TOMRA Insight Turn your sorters into a powerful & connected source of actionable information Reduce Reduce Maximize Sort to Downtime Operational Cost Throughput Target Quality 53
Slide 54: Waste analysis by PolyPerception
Waste analysis by PolyPerception Get the most out of your whole sorting plant with end-to-end object tracking and classification on any sorting line AI waste analytics Food vs. non food- Real-time images of Integration with and compliance grade plastic material flows TOMRA machines reporting analysi
Slide 55: Targets for Recycling: growth, profitability, footprint
We target double digit revenue growth, maintained profitability and reduced carbon footprint in Recycling Double digit Optimize EBITA % Decrease CO2 footprint Revenue Growth at low-to-mid 20’s aligned with SBTi targets EUR million EBITA % SBTi Scope 1-3 emission targets >10% 55% 62% CAGR reduction r
Slide 56: Technology leader in an evolving recycling market
We are the technology leader in an evolving recycling market Technology leader Value drivers Leading position while expanding to new segments Commitment to Most extensive sensor Advisory and close New success with AI and innovation and cutting- portfolio for high- collaboration with our LIBS technol
Slide 57: Transforming our service offerings
We will transform our service offerings for superior client deliveries Transform service offerings Value drivers Increase recurring Servitization strategies Technology New service business Rise of remote revenue share by and “as-a-service” advancement & models to reduce and field service strengtheni
Slide 58: Key takeaways
Our 2030 ambition: Key takeaways Enable additional tons material for circularity Demand for more and better feedstock drives sorting demand We are the technology and market leader 180 M to give every piece of material a value by sorting and analyzing it and enabling its best use We target double dig
Slide 59: TOMRA Food
TOMRA Food Our sorting and grading solutions help to maximize food safety and minimize food loss by making sure Every Resource Counts. 59
Slide 60: Global leader in food sorting and grading
We are the global leader in food Installed base worldwide sorting and grading Americas ~6,200 EMEA ~6,000 APAC ~2,700 EUR ~800m Addressable market* Regional HQ Production R&D hub Total ~14,900 60 60 * Excluding other non-sensor-based sorting or peeling equipment and only including focus segments The
Slide 61: Technology optimizes the value of food
Our technology optimizes the value of food for producers potatoe and packers TOMRA Food’s value chain positioning Value chain Processing & Farming Harvesting Packing Distribution & sales Consumption repacking Our technology serve multiple purposes while enhancing value for producers and processors R
Slide 62: Focus on high value market segments
Focus segments Potatoes Kiwifruit Blueberries We are focused on high value market segments, Apples Processed fruit Nuts where technology can differentiate Cherries Processed vegetables Citrus 62
Slide 63: Leading technology
Leading technology Sorting & Artificial Grading Intelligence Data & Service & Analytics Support
Slide 64: Our technology detects a wide range of parameters
Our technology detects a wide range of parameters 64
Slide 65: Benefits for our customers
Benefits for our customers 1. Increased foreign Material 2. Sort processed food accurately and 3. Simplify operator interactions (FM) Detection maximize yield Increase food safety by Best in class technology to sort small Intuitive interface enables operators eliminating FM that is loose, or on and
Slide 66: Our platforms
Our platforms Solutions for Fresh and Processed produce TOMRA A Product Line TOMRA B Product Line TOMRA C Product Line TOMRA X Product Line Peeling Lines TOMRA 3A Series TOMRA 5A Series TOMRA 3C TOMRA 5C Peeling TOMRA 3A Series TOMRA 5A Series TOMRA 5B TOMRA 3C TOMRA 5C TOMRA 5X Peeling Integrated s
Slide 67: Working principles in Food sorting
Air inspection Belt inspection 1 Working 3 2 2 3 4 1 principles in 5 Food sorting 4 1 Infeed Belt (unsorted) 4 Precise air guns 1 Infeed belt (unsorted) 3 Intelligent finger ejectors 2 Cameras 5 Accept / reject 2 Full width NIR and Color 4 Accept/reject 3 Lasers Vision sensors Chute or Channel sorte
Slide 68: Global trends fuel automated sorting
Global trends underpin market acceleration that fuel the rise of automated sorting technology Demographics Modernization & Automation • Population growth driving increased • More detailed requirements demand for food • Pressure on labour cost and • Rising middle class change dietary availability hab
Slide 69: First improve profitability then target growth
First, we improve profitability then target growth Mid-to-high single digit Improve EBITA % to Decrease CO2 footprint revenue growth mid 10’s aligned with SBTi targets EUR million EBITA % SBTi Scope 1-3 emission targets +1% CAGR 55% 62% 11% 11% 6-7% reduction reduction 358 CAGR 9% 308 324 320 On tra
Slide 70: Phase 1: profitability and customer satisfaction
Phase 1 is focused on profitability and customer satisfaction 1. Restructuring Value drivers Focus & simplify Establish local partnerships our portfolio and operations to complement our solutions, to reduce complexity streamlining delivery and installation Implement a platform approach Improve servi
Slide 71: Phase 2: profitable growth
Phase 2 will be about profitable growth through technology leadership and service innovation 2. Profitable Growth Value drivers Expand sorting opportunities Innovative service products to increase share of wallet that add value across of our customers the whole customer life cycle Digital and data o
Slide 72: Road to mid 10's EBITA margin
We start with our restructuring program but see further opportunities to improve our margin Road to mid 10’s EBITA margin ambition EBITA margin, illustrative Target 10-11% EBITA through ongoing restructuring program Mid 10’s Margin expansion from operational leverage as we grow Positive revenue mix
Slide 73: Key takeaway
Our 2030 ambition: Key takeaway Contribute to reduce the We are the global leader and we aim to strengthen this position by delivering leading customer satisfaction We will complete the restructuring, delivering on profitability 30% of food loss and waste while enforcing food safety and maximizing t
Slide 74: Develop Adjacent Business
Develop Adjacent Business 74 74
Slide 75: Develop adjacent business
Develop adjacent Business TOMRA Horizon Adjacent M&A Exploring new adjacent business Long term business Selected value-adding opportunities and alternative business building verticals models leveraging our technology and decades of know-how in order to facilitate and accelerate the transition to cir
Slide 76: Horizon as a vehicle to broaden the portfolio
Horizon is a vehicle to broaden the TOMRA portfolio and create long term value Innovate and lead the Broaden our Create additional resource revolution portfolio profitable growth 76
Slide 77: Opportunities and capital allocation thresholds
Capital allocation thresholds We are looking for opportunities that issues,have the with the potential become a sizeable business to right potential Business models solving global Within market and technology that is ripe for scaling over the next few years >15% IRR 1 2 What we are looking for >15%
Slide 78: Three ventures past the blueprint phase
Our three ventures are past the business blueprint phase, ready to demonstrate and scale technology Start commercial scaling Launch and start TOMRA Feedstock Proof-of-Concept TOMRA Reuse Design business TOMRA Textiles blueprint Start exploration 78 78
Slide 79: TOMRA Feedstock
TOMRA Feedstock TOMRA Feedstock utilizes our waste sorting technology to create new value chains that More than 70% recover plastic waste which is of plastics is typically incinerated or landfilled landfilled or today. incinerated in Europe Through advanced sorting plants, we turn this material into
Slide 80: TOMRA Feedstock: key needs to believe
Key needs to believe 1 Regulatory push for more plastics recycling 2 Industry committing to more recycled content in products TOMRA Feedstock Advancements in mechanical and chemical 3 recycling technology and capacity • Two plants on track for start- Post-consumer plastics waste value chain in Europ
Slide 81: TOMRA Textiles
TOMRA Textiles TOMRA Textiles is on a mission to close the gap between waste textiles and fiber-to-fiber Less than 1% of recycling, using our unique textiles are kept sensor-based sorting technology in a closed loop to create solutions and develop today value chains that enable textiles circularity
Slide 82: TOMRA Textiles: key needs to believe
Key needs to believe 1 Regulatory push towards a circular textiles value chain 2 Recycling technologies matured and scaled for TOMRA Textiles main fiber fractions 3 Brands committing significant off-take for recycled material • Setting up dedicated Textiles Traditional linear textiles Tech Centre Vi
Slide 83: TOMRA Reuse
TOMRA Reuse TOMRA Reuse leverages our Takeaway reverse vending technology to packaging create open managed systems create up to and complete infrastructures for 50% of the reusable takeaway packaging for waste in city’s cities and events around the public bins world – reducing waste and optimizing r
Slide 84: TOMRA Reuse: key needs to believe
Key needs to believe 1 Regulations on city, country or European level Reuse solution is convenient for consumers, 2 ensuring high adaption TOMRA Reuse Reuse solution is convenient for businesses 3 reducing the barriers to shift to Reuse BUY CONSUME • Aarhus city pilot up and takeaway from at home/in
Slide 85: 2035 north star
2035 north star TOMRA Feedstock TOMRA Textiles TOMRA Reuse Recover 2 mton Enable 1.5 mton Avoid 400 million mixed plastics from fiber-to-fiber recycling by single use takeaway incineration or landfill, scaling automated sorting packaging annually making it available for and shaping circular through
Slide 86: Selective adjacent M&A plays
We will target selective adjacent M&A plays to diversify and strengthen TOMRA Purpose Capital allocation framework What we look for M&A to diversify and Selective investments backed Purpose driven businesses strengthen the TOMRA by strong business cases well positioned in high- portfolio and create
Slide 87: TOMRA Financials
TOMRA Financials 87
Slide 88: Positioning our portfolio for profitable growth
We are positioning our portfolio for profitable growth TOMRA ambition Growth Longer term selective growth Invest in growth Horizon TOMRA ambition Today -> 2030 >10% CAGR 2027 Collectio Collectio Collection Recycling Today Today ->2030 ->2030 2030 <10% CAGR 2024-26 Food Today Improve Harvest Profitab
Slide 89: Committed to our ambition of 15% annual growth
We remain committed to our ambition of 15% annual growth Revenue ambition EUR billions, illustrative Adjacent Food Revenue Revenue growth growth 15% Recycling 15% CAGR CAGR over the cycle 1.3 billion EUR 0.9 billion EUR 0.3 0.3 0.3 Collection 0.2 0.7 0.5 2019 2023 ... 2030 89
Slide 90: Solid underlying business with growing revenues
We have a solid underlying business generating steadily growing revenues There is significant growth potential for TOMRA even before …and we have an ambition to considering new deposit markets in Collection… increase the share of services Revenue, TOMRA Group Revenue split, core divisions EUR millio
Slide 91: Increasing EBITA to 18% by 2030
Our profitability target stay firm, and we will increase EBITA to 18% by 2030 Road to 18% EBITA margin ambition EBITA margin, illustrative 18% EBITA EBITA EBITA margin margin Faster growth in Contribution higher margin from investments at 18% at divisions into new business 13%* Efficiency as they sc
Slide 92: Robust historical cash flows
TOMRA has historically generated robust cash flows supporting our capital allocation Historical operating cash flow EUR millions 175 150 125 100 75 50 25 0 2019 2020 2021 2022 2023 92
Slide 93: Disciplined capital framework and allocation
We have a disciplined capital framework and allocation prioritization Prioritization of capital allocation Adjacent Dividends Growth in core investments 93
Slide 94: Dividend policy kept unchanged
Our dividend policy is a cornerstone of TOMRA and will be kept unchanged Dividend policy Dividend payout % NOK per share 58% 60% 54% 52% 50% 44%* 40% of EPS 2019 2020 2021 2022 2023 94 *269% of EPS including extraordinary dividends
Slide 95: Investing in accelerated growth within core divisions
We plan to invest in accelerated growth within our core divisions while supporting selected adjacent opportunities Future oriented spending Maintenance Accelerate growth in Core Adjacent Maintenance CAPEX spend Future oriented spend* Future oriented spend ~4-5% ~6-8% Project dependent of revenues of
Slide 96: Focused on reaching ROCE above 18%
We are focused on reaching a ROCE above 18% Return On Capital Employed ROCE incl. adjacent* Percentage Return Return on on Capital Capital Employed Employed 23% >18% more than 19% 19% 19% > 18% 18% 17% by 2030 by 2030 2019 2020 2021 2022 2023 ... 2030 *ROCE calculated as rolling 12M EBITA divided by
Slide 97: Maintaining investment-grade status
Maintaining investment-grade status is important for us and we expect our rating will remain stable Capital structure Financing Bonds and other loans* RCF drawn Undrawn credit facilities Status EUR millions 200 Scope Ratings June 2024 Business risk profile: BBB+ 150 Undrawn Financial risk profile: A
Slide 98: Sustainability targets by 2030
We are committed to reach our sustainability targets across material topics by 2030 Sustainable Employee value Climate product design proposition impact Our sustainability targets towards >90% sustainable materials and Grow female representation in 100% renewable 2030 components in all new products
Slide 99: SBTi targets on pathway to net zero
We have developed our SBTi targets as part of our pathway to reach net zero Net Zero Decarbonization Plan Target Scope 1 & 21 Scope 32 Gap to close Illustrative, figures are early estimates and pending SBTi verification , tCO2e per EURm Initiatives to reduce net emissions are identified where we pla
Slide 100: Strategic ambition
Strategic ambition Revenue EBITA Return on Dividend Capital CO2e growth margin Capital Employed payout structure Net 15% at 18% >18% 40-60% Investment Zero CAGR of EPS grade over the cycle by 2030 by 2030 by 2050 100
Slide 101: 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 102: www.TOMRA.com
aS TOMIRA www.TOMRA.com