Slide 1: 2nd quarter 2019 results announcement
nd 2 quarter 2019 results announcement TOMRA Systems ASA @TOMRA 19 July 2019
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
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
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
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
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
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
Slide 8: Financials and Outlook
FINANCIALS AND OUTLOOK 8
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
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
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
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
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
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
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
Slide 16: Q&A
Q&A 16
Slide 17: Copyright and Disclaimer
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