Tomra Systems Asa · OSL:TOM

Tomra Systems Asa — Q2 2019 Earnings Presentation

17 slides from Tomra Systems Asa's earnings presentation, Jul 19, 2019

  1. Slide 1: 2nd quarter 2019 results announcement

    nd 2 quarter 2019 results announcement TOMRA Systems ASA @TOMRA 19 July 2019

  2. Slide 2: Highlights from the quarter

    HIGHLIGHTS FROM THE QUARTER 2

  3. Slide 3: Highlights from the quarter

    Highlights from the quarter Revenues • Revenues of 2,318 MNOK (2,128 MNOK in second quarter 2018) – up 9% Adjusted for currency, revenues were: - Up 6% for TOMRA Group - Stable in TOMRA Collection Solutions - Up 11% in TOMRA Sorting Solutions Gross margin • Gross margin 45%, up from 43% in second qu

  4. Slide 4: Highlights Collection Solutions

    Highlights Collection Solutions Business drivers Public pressure to reduce waste and littering, handling single-use plastics and deposit legislation being the solution P/L • Revenues of 1,088 MNOK, up from 1,055 MNOK in second quarter 2018 - Revenues stable in local currencies, higher activity in Au

  5. Slide 5: Initiatives on new container deposit markets

    Initiatives on new container deposit markets Western Australia Scotland Portugal England France • September 2016, the • September 2017, First • December 2018, the • March 2018, UK • June 2019, State government announced Minister Nicola Sturgeon Government published Environment Secretary Secretary of

  6. Slide 6: Highlights Sorting Solutions

    Highlights Sorting Solutions P/L Food Recycling & Mining • Revenues equaled 1,230 MNOK in • Business drivers: growing population • Business drivers: Growth in waste second quarter 2019, up 15% year- and more demanding consumers, volume combined with stronger over-year need to increase yield, product

  7. Slide 7: Circular economy – redefining value creation

    Circular economy – redefining value creation CLEAN LOOP RECYCLING Business case for plastics CLOSED LOOP RECYCLING Value increase 2.5-7x Data driven Data on collection volumes and legal oversight recycling €1400 per ton Production Clear PP/PE TOMRA COLLECTION €1000 per ton SOLUTIONS Clear PET Distri

  8. Slide 8: Financials and Outlook

    FINANCIALS AND OUTLOOK 8

  9. Slide 9: Currency

    Currency +8.6%* Positive impact from stronger USD +1.7%* vs EUR in TSS 2Q18 3Q18 4Q18 1Q19 2Q19 *Average rate 2Q19 vs 2Q18 Revenues and expenses per currency: EUR* USD NOK NZD OTHER TOTAL Revenues 45 % 45 % 0% 0% 10 % 100 % Expenses 40 % 30 % 5% 5% 20 % 100 % EBITA 50 % 100 % - 20 % - 20 % -10 % 100

  10. Slide 10: Financial highlights | P&L statement

    Financial highlights | P&L statement 2nd quarter 1st half Amounts in NOK million 2019 2018 2018 Adj* 2019 2018 2018 Adj* Revenues 2,318 2,128 2,198 4,399 3,882 4,013 Collection Solutions 1,088 1,055 1,088 2,130 1,989 2,050 Sorting Solutions 1,230 1,073 1,110 2,269 1,893 1,963 Gross contribution 1,04

  11. Slide 11: Collection Solutions financials

    Collection Solutions financials 2nd quarter 1st half Amounts in NOK million 2019 2018 2018 Adj* 2019 2018 2018 Adj* Revenues 1,088 1,055 1,088 2,130 1,989 2,050 Northern Europe 153 162 305 310 Europe (ex Northern) 370 403 761 812 North America 435 413 788 735 Rest of the world 130 77 276 132 Gross c

  12. Slide 12: Sorting Solutions financials

    Sorting Solutions financials 2nd quarter 1st half Amounts in NOK million 2019 2018 2018 Adj* 2019 2018 2018 Adj* Revenues 1,230 1,073 1,110 2,269 1,893 1,963 Europe 482 428 885 684 America 428 445 787 756 Asia 144 88 293 203 Rest of the world 176 112 304 250 Gross contribution 570 475 498 1,027 823

  13. Slide 13: Development in order intake and order backlog

    Development in order intake and order backlog Order intake Order backlog Revenues • TOMRA Sorting Solutions (TSS): - Revenues of 1,230 MNOK, up from 1,073 MNOK last year - Order intake of 1,111 MNOK in the quarter, compared to 1,144 MNOK last year - Order backlog of 1,345 MNOK by the end of second q

  14. Slide 14: Financial highlights | Balance sheet, cash flow and capital structure

    Financial highlights | Balance sheet, cash flow and capital structure With IFRS 16 Without IFRS 16 30 June 30 June 30 June 31 Dec Amounts in NOK million 2019 2019 2018 2018 ASSETS 10,760 9,696 8,849 9,595 Intangible non-current assets 3,752 3,741 3,662 3,821 Tangible non-current assets 2,321 1,268 1

  15. Slide 15: Outlook

    Outlook • Overall stable business Collection Solutions • Increased operating expenses due to preparation for new markets • Continued high activity within Recycling Sorting Solutions • Mixed picture in Food with regional differences • Reporting in NOK and with some NOK cost base, TOMRA will in genera

  16. Slide 16: Q&A

    Q&A 16

  17. 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

TOMRA Systems — Q2 2019 Earnings Presentation on 6ix