Slide 1: 4th Quarter 2017 Results Announcement
TH 4 QUARTER 2017 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 4th Quarter Results 21.02.2018
Slide 2: Highlights from 2017
HIGHLIGHTS FROM 2017 • Revenues of 7,432 MNOK (6,610 MNOK in 2016) – up 12% (including Compac) Adjusted for currency and acquisitions, revenues were : Revenues - Up 1% for TOMRA Group - Down 5% in TOMRA Collection Solutions - Up 9% in TOMRA Sorting Solutions • Gross margin 42%, down from 43% Gross m
Slide 3: Highlights from the Quarter
HIGHLIGHTS FROM THE QUARTER • Revenues of 2,041 MNOK (1,766 MNOK in fourth quarter 2016) – up 16% Adjusted for currency and acquisitions, revenues were: Revenues - Up 2% for TOMRA Group - Down 6% in TOMRA Collection Solutions - Up 12% in TOMRA Sorting Solutions • Gross margin 43%, up from 42% in fou
Slide 4: Currency
CURRENCY +6.4%* Positive impact from stronger EUR, partly offset -2.6%* by a weaker USD 4Q16 1Q17 2Q17 3Q17 4Q17 *Average rate 4Q17 vs 4Q16 Revenues and expenses per currency; NOTE: Rounded figures EUR* USD NOK NZD OTHER TOTAL Revenues 45 % 45 % 0% 0% 10 % 100 % Expenses 40 % 30 % 5% 5% 20 % 100 % E
Slide 5: Financial Highlights: P&L Statement
FINANCIAL HIGHLIGHTS P&L STATEMENT 4th Quarter YTD Amounts in NOK million 2017 2016 16 Adj* 2017 2016 16 Adj* Revenues 2,041 1,766 1,812 7,432 6,610 6,616 • Collection Solutions 995 1,028 1,056 3,871 4,065 4,065 • Sorting Solutions 1,046 738 756 3,561 2,545 2,551 Gross contribution 875 743 764 3,141
Slide 6: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure
FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 31 Dec 31 Dec Amounts in NOK million 2017 2016 ASSETS 8,437 7,115 • Intangible non-current assets 3,412 2,750 • Tangible non-current assets 998 801 • Financial non-current assets 349 342 • Inventory 1,197 1,127 • Receivables 1,887 1
Slide 7: TOMRA Collection Solutions
TOMRA COLLECTION SOLUTIONS 7
Slide 8: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS • Revenues of 995 MNOK, down from 1,028 MNOK in fourth quarter 2016 - Revenues down 6% in local currencies • Gross margin was 40% in the period - Up from 39% in fourth quarter 2016 Overall • Operating expenses of 266 MNOK - Including ramp up cost Australia with 57 MNO
Slide 9: Update on the New South Wales Ramp-up
UPDATE ON THE NEW SOUTH WALES RAMP-UP New South Wales Container Deposit Scheme announced opened the 1st of December 2017 • The network of Collection Points at scheme commencement date numbered 280 collection points across the state − 60 Automated Collection Points (with RVMs) − 220 manual sites • Th
Slide 10: Illustrative: Volume and Site Development
ILLUSTRATIVE: VOLUME AND SITE DEVELOPMENT Volume to gradually follow as the number of Automated Sites increase in the total infrastructure # of Collection Sites Collected Volume Automated Sites >500 Actual Collected Volume 280 Illustrative volume development 60 The volume graph does not account for
Slide 11: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 4th Quarter YTD Amounts in NOK million 2017 2016 16 Adj* 2017 2016 16 Adj* Revenues 995 1,028 1,056 3,871 4,065 4,065 • Northern Europe 180 157 614 665 • Europe (ex Northern) 407 505 1,671 1,860 • North America 377 354 1,520 1,474 • Rest of the world 31 12 66 66 Gross
Slide 12: TOMRA Sorting Solutions
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Slide 13: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 1,046 MNOK in fourth quarter 2017, up from 738 MNOK in fourth quarter 2016 Revenues — up 12% in local currencies (organic) • Gross margin 45%, down from 46% same period last year Gross margin — Slightly down due to currency and Compac EBITA • EBITA of
Slide 14: Business Stream Update
BUSINESS STREAM UPDATE FOOD • Overall good momentum • Revenues in 4Q17 up from 4Q16 • Order intake stable quarter over quarter, on the back of three consecutive strong quarters in 2017 RECYCLING • Momentum continue to increasing, after a period of lower activity • Revenues in 4Q17 up from 4Q16 • Ord
Slide 15: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 4th Quarter YTD Amounts in NOK million 2017 2016 16 Adj* 2017 2016 16 Adj* Revenues 1,046 738 756 3,561 2,545 2,551 • Europe 302 290 1,182 1,100 • North America 354 194 1,282 805 • South America 51 47 140 80 • Asia 128 122 419 368 • Oceania 117 48 329 115 • Africa 94 37
Slide 16: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM TOMRA Sorting Solutions (TSS) without Compac: • Order intake of 793 MNOK in the quarter, compared to 649 MNOK same quarter last year, up 11% currency adjusted • Revenues came in at 845 MNOK (up from 738 MNOK in 4Q16) • Order backlog of 872 MNOK, up from 704 MNOK at t
Slide 17: Outlook
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Slide 18: Outlook
OUTLOOK Collection • The replacement demand in Germany is assumed to continue into 2018 Solutions • Ramp-up in New South Wales continues throughout first quarter 2018 Sorting • Currently good momentum in all business streams Solutions • Reporting in NOK and with some NOK cost base, TOMRA will in gen
Slide 19: Q&A
Q&A 19
Slide 20: 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