Slide 1: 1st quarter 2025 results announcement
st 1 quarter 2025 results announcement TOMRA Systems ASA 7 May 2025 © TOMRA
Slide 2: Quarterly highlights
Quarterly highlights
Slide 3: Financial highlights
Revenues • Total revenue of 306 MEUR (291 MEUR in 1Q 2024). Compared to 1Q 2024 revenues were: ‐ Up 5% for TOMRA Group ‐ Down 2% in Collection ‐ Down 1% in Recycling ‐ Up 16% in Food Gross margin • Gross margin at 43% (40% in 1Q 2024) ‐ improved margin in Collection and higher volumes and cost savin
Slide 4: Collection Business update
Collection Business update • Revenue growth in all regions except Europe (ex Northern) where 1Q24 was a particularly strong comparable quarter due to Romania, Hungary and Ireland DRS launch. • New markets: Slow down in Austria after DRS launch on 1 January 2025; record strong revenues in Romania. •
Slide 5: Recycling Business update
Solid order backlog Recycling Business update ‐ • Revenues in line with 1Q24, after record high activity in 4Q24. EUR millions • Low order intake in the quarter, but order backlog remains solid. • Continued growth in service and positive momentum continues in metals recycling. • European plastics re
Slide 6: Food Business update
Food Business update • Strong quarter with revenue growth in Europe and South America. • Profitability improving according to plan. • Strong quarterly order intake driven by vegetables and potatoes. • Improving market sentiment, but macroeconomic uncertainty may impact customers’ investment sentimen
Slide 7: TOMRA Reuse Horizon Business update
TOMRA Reuse Horizon Business update • TOMRA Feedstock: Norwegian plant has been named "Områ" and is now in its commissioning phase. • TOMRA Reuse: Continued piloting, product and business development ongoing. • C-trace: contract signed with OLO Bratislava to bring next- level digitalization to the c
Slide 8: Tariff update
Tariff update: ~15% of TOMRA Group revenues are exposed to imports of goods to the United States First order effects - limited Gross margin shortfall estimated to max 1%-point if EU tariffs go to 20% and TOMRA Group TOMRA China tariffs at 145%. Contractual terms with customer regulate risk burden in
Slide 9: Financials and outlook
miarelalerelis and outlook
Slide 10: Group P&L Highlights
Revenues Group P&L Highlights [EUR millions] Collec on Gross margin [% of Revenues] Recycling ood Opera ng e penses EBITA (and EBITA adj.) [EUR millions] Special items ‐ * Food restructuring costs
Slide 11: Collection P&L Highlights
Revenues Collection P&L Highlights [EUR millions] orthern Europe Gross margin [% of Revenues] Europe (e orthern orth America Rest o the world Opera ng e penses EBITA [EUR millions]
Slide 12: Recycling P&L Highlights
Revenues [EUR millions] Recycling P&L Highlights Gross margin [EUR millions] Europe Americas Asia EBITA Rest o the world [EUR millions] ‐ Opera ng e penses Order intake Order backlog [EUR millions] [EUR millions]
Slide 13: Food P&L Highlights
Revenues [EUR millions] Food P&L Highlights Gross margin [EUR millions] Europe Americas Asia EBITA (and EBITA adj.) Rest o the world [EUR millions] ‐ ‐ ‐ ‐ ‐ Opera ng e penses Order intake Order backlog [EUR millions] [EUR millions] Special items ‐ *Food restructuring costs
Slide 14: Balance sheet and cash flow
Cashflow from operations Balance sheet and cash flow • Cash flow from operations of 65 MEUR in 1Q 2025 (19 MEUR in 1Q 2024) Solidity and gearing • 38% equity ratio • NIBD/EBITDA (rolling 12 months) of 1.6x Cash flow from operations, YTD ntangible non‐current assets [EUR millions] Range ‐ angible non
Slide 15: Financial position
Financial position Financing Capital structure EUR millions 220 200 • RCF of 150 MEUR running until Undrawn credit facilities December 2027 180 Drawn credit facilities Capital • Weighted average debt maturity structure 160 Bonds and other loans of 4.1 years Low gearing and financial risk 140 Undrawn
Slide 16: Outlook
• High activity related to new markets and growth in existing markets. Collection . • Quarterly performance will be dependent upon timing of new initiatives. • Regulation and demand for recycled materials is expected to create attractive growth opportunities. • Currently softer market sentiment in p
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