Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Investor Presentation (July 2025)
109 slides from Tomra Systems Asa's investor presentation, Jul 17, 2025
Slide 1: Investor Presentation
Investor Presentation TOMRA Systems ASA 17 July 2025 © TOMRA
Slide 2: Agenda
TOMRA Group 3 TOMRA Group 3 TOMRA Collection 18 TOMRA Collection 18 TOMRA Recycling 41 TOMRA Recycling 41 TOMRA Food 64 TOMRA Food 64 TOMRA Horizon 80 TOMRA Horizon 80 TOMRA Financials 94 TOMRA Financials 94 2
Slide 3: TOMRA at a glance: Collection, Recycling, Food, Horizon
~5,300 1,348 employees million EUR globally revenues in 2024 Collection Recycling Food Horizon Transforming society’s Giving every piece Our sorting, processing Exploring new, adjacent and habits to keep of material we sort and packing solutions alternative opportunities valuable resources in and an
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: TOMRA is an impact leader pushing boundaries on technology
TOMRA is an impact leader providing thought leadership and pushing the boundaries on technology and solutions … … optimizing how resources are obtained, used, and reused – through automated identification, grading and sorting of resources.
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 … … shaping existing markets and creating new ones.
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 challenge to solve
1972 A challenge to solve TOMRA founders Tore and Petter Planke Petter and Tore Planke developed the world’s first automated reverse vending machine for collecting used bottles in 1972. Aage Fremstad, the grocer who first asked Petter Planke if he could provide an automated return solution for empty
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: TOMRA's transformation journey
TOMRA’s transformation journey Key developments and acquisitions 1970s 1980s 1990s 2005 2008 2004 Organic Network US acquisitions TITECH Commodas Ultrasort growth expansion TOMRA is founded in During the 1980s TOMRA acquires Neroc in TOMRA acquires TITECH, TOMRA acquires TOMRA acquires Norway in 197
Slide 11: Growing sustainably & profitably
EUR 1,348 million Horizon Food Recycling Growing sustainably EUR 300 Collection & profitably million 2004 2024 Revenues 11
Slide 12: Consistent profitable growth with 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 1,348 +11% +9% CAGR CAGR +6% 2.15 CAGR 568 0.73 2014 2016 2018 2020
Slide 13: TOMRA's global presence
TOMRA’s global presence Installed base worldwide Collection ~87,000 Recycling ~11,200 Food ~15,500 Total ~113,700 13 *All figures are from 2024
Slide 14: Drivers for increased circularity have never been stronger
The drivers for increased circularity and resource optimization have never been stronger than now Decarbonization Regulation Modernization & Automation Demographics Resource scarcity 14 14
Slide 15: 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 16: 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 16 16
Slide 17: 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. 17
Slide 18: TOMRA Collection
TOMRA Collection TOMRA
Slide 19: TOMRA Collection at a glance
773 million EUR in revenue Transforming society’s habits to keep valuable resources in a continuous loop of use and reuse. 87,000 machines in operation We are a technology leader globally Collecting 48+ billion Represented containers a year ~2.950 in more than 60 markets Employees Source: TOMRA.com
Slide 20: Over 48 billion drink containers collected in 2024
Over 48 billion drink containers collected in 2024 This represents less than 3% of all beverage containers in the world. 20
Slide 21: 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 22: Legislation, automation and decarbonization drive DRS expansion
Legislation, automation and decarbonization drive the expansion of DRS systems worldwide Regulation Modernization Decarbonization & Automation EU’s Single Use Plastic Directive (SUPD) & Labor cost and margin pressure lead to Industry committing to SBTi targets pushing Packaging and Packaging Waste R
Slide 23: TOMRA Collection installed base, worldwide
TOMRA Collection, Installed base, worldwide Americas ~13 900 EMEA ~67 800 APAC ~5 300 Total ~87 000 Figures are from 2024 23
Slide 24: Solution portfolio and innovation
Solution Innovation Portfolio leader TOMRA is a leading provider in reverse vending solutions Service Trusted network partner
Slide 25: Wide 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 26: Our solutions are divided into six product lines
Revolution Our solutions are divided into six product lines Flexible Standalone Expert Mini Basic
Slide 27: 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 28: Digital tools & APIs
Digital tools & APIs • Consumer Experience & Engagement products • Operational Insights & Reports • APIs and integration services 28
Slide 29: Service & Support
Service & Support Installation Online support Remote monitoring Preventive Maintenance Training Field Service
Slide 30: Customer centricity is at the core of our innovation
Customer centricity is at the core of Efficient our innovation operations for strategy peace of mind Strategic aspiration: Innovate the most A smart attractive solutions A great user investment and the best customer experience for long-term experience benefits 30
Slide 31: 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 32: 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 33: Ambition to continue 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 34: Total potential beverage containers to collect
Collection: Total potential beverage containers to collect (based on global sales of drink containers in 2023) Coming conventional DRS markets ~2 trillion Publicly announced 11% upcoming DRS launch Poland Portugal Greece 11% Moldova Quebec Uruguay 78% Singapore Spain UK Legislative considerations an
Slide 35: Driving 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 36: Driving 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 Poland Portugal Greece capture Tasmania Quebec Uruguay Singapore Spain UK Legislative considerations and planning Czech Rep
Slide 37: Positioning for growth beyond 2030 in rest-of-world
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 38: Steadily increase 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 39: Decouple our growth from our 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 39 39
Slide 40: Key takeaways
40 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 40 40
Slide 41: TOMRA Recycling
TOMRA Recycling 41 41
Slide 42: TOMRA Recycling at a glance
266 million EUR in revenue Giving every piece of material we sort and analyze – may it be waste, 11,200 metal or ore – a value. installed machines We serve customers around the world with state-of-the-art sorting machines Represented ~1.200 in more than 100 countries Employees *All the figures are f
Slide 43: The world generates up to 2.3 billion tons of waste
Recycling aluminum The world generates up to Almost 40% saves up to 2.3 billion of this waste is not managed in an 95% environmentally safe of the energy required tons of municipal solid manner to produce new waste annually. aluminum Sources: UNHSP, International Aluminum
Slide 44: Supporting waste recovery and recycling industry
We support the waste recovery and recycling industry in enabling circularity of materials 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 45: Global leader in sensor-based technology
TOMRA is a global leader in sensor-based TOMRA Recycling Installed base worldwide technology enabling recycling and mining Americas ~1 900 Koblenz& Hamburg Germany Senec, Slovakia Parma, Italy EMEA Charlotte, Istanbul, Seoul, USA Turkey Korea ~7 700 Kunshan, China Xiamen, China EUR APAC ~500m Johann
Slide 46: 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 47: Decarbonization, legislation and modernization drive recycling
Decarbonization, legislation and modernization is driving the recycling market Regulation Decarbonization Modernization & Automation • EPR, PPWR, ELV Regulation • Companies signing up to • Increased competition and encourage more waste science-based targets to net focus on operational streams to be
Slide 48: More and better recycling demands better sorting
More and better recycling of materials demands more and better sorting of waste streams Material recovery Recycling pre-processing sorting from waste 3. Plastics New technology is enabling additional sorting Traditional sorting capabilities for higher quality and closed loop pre-processing 1. recycl
Slide 49: 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 50: 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 51: Our sensor-based sorting systems for waste
Our sensor-based sorting systems for waste 51
Slide 52: Our sensor-based sorting systems for metal
Our sensor-based sorting systems for metal AUTOSORT PULSE X-TRACT for Metal The Dynamic LIBS solution Powerful precision x-ray for sorting aluminum sorting of aluminum from scrap by alloy heavy metals FINDER COMBISENSE Ultra-flexible, intelligent Color sorting of mixed sorting of non-ferrous non-fer
Slide 53: 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 54: Example layout of an automated sorting plant
Example layout of an automated sorting plant 54
Slide 55: 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 56: 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 57: High-precision sensors, software and processing at our core
High-precision sensors, data-driven software and powerful processing techniques are at our core 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 a
Slide 58: TOMRA Insight
TOMRA Insight Turnd sorters into a powerful & connected source of actionable information Reduce Reduce Maximize Sort to Downtime Operational Cost Throughput Target Quality 58
Slide 59: Waste analysis by PolyPerception
Waste analysis by PolyPerception Gets the most out of a 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 analysis 59
Slide 60: Double digit revenue growth targets in Recycling
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 61: 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 62: Transform 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 63: 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 64: TOMRA Food
TOMRA Food Our sorting and grading solutions help to maximize food safety and minimize food loss by making sure Every Resource Counts. 64
Slide 65: Global leader in food sorting and grading
We are the global leader in food Installed base worldwide sorting and grading Americas ~6,400 EMEA ~6,300 APAC ~2,800 EUR ~800m Addressable market* Regional HQ Production R&D hub Total ~15,500 65 65 * Excluding other non-sensor-based sorting or peeling equipment and only including focus segments The
Slide 66: Focus on high value market segments
Focus segments Potatoes Kiwifruit Blueberries We are focused on high value market segments, where Apples Processed fruit Nuts technology makes a differentiate Cherries Processed vegetables Citrus 66
Slide 67: Where we operate
Where we operate TOMRA Food value proposition: Optimizing yields, increasing food safety and reducing food loss and waste through increased automation of sorting in the food production value chain Harvesting Quality grading Packaging Nuts Kiwifruit Blueberries Processed Apples Potatoes fruit Process
Slide 68: Leading technology
Leading technology Sorting & Artificial Grading Intelligence Data & Service & Analytics Support
Slide 69: Our technology detects a wide range of parameters
Our technology detects a wide range of parameters 69
Slide 70: 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 71: 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 72: 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 73: Global trends underpin market acceleration
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 74: Restructured organization with two-phase strategy
Our strategy: Restructured organization with two-phase strategy focusing on improving profitability before accelerating profitable growth Two phase Clear focus… Strategic pillars strategy …on the most attractive …on our core sorting, grading food categories and peeling technology Profitability Nuts
Slide 75: 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 76: Phase 1 focused on 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 77: Phase 2: profitable growth through technology leadership
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 78: Opportunities to improve our 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 79: 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 80: TOMRA Horizon
TOMRA Horizon 80 80
Slide 81: 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 82: Horizon is a vehicle to broaden the TOMRA 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 82
Slide 83: Ventures past the business blueprint phase
Our 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 blueprint Start exploration 83 83
Slide 84: Capital allocation thresholds for opportunities
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 85: Horizon platform 2025
Horizon platform 2025: Organic ventures, adjacent investments and exploration areas Organic Adjacent Exploration ventures investments areas Smart Waste Emerging Management markets Reuse Feedstock C-trace PolyPerception Kezzler Ownership 100% 100% 80% 32% 14% Governed by Strategic TOMRA Recycling inv
Slide 86: 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 87: 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 88: 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 89: 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 90: c-trace
c-trace c-trace is a German technology company specializing in digital waste management solutions, acquired 80% by TOMRA in 2024. The company delivers innovative software and hardware systems— including telematics, dynamic weighing and identification, RFID, and AI solutions—to optimize waste collect
Slide 91: Adjacent investments
Adjacent investments In addition to business building through corporate ventures, TOMRA pursues a strategy of targeted adjacent investments to drive growth, accelerate innovation, disrupt existing operating models, and further strengthen digital capabilities both in our existing core divisions and i
Slide 92: Exploration areas
Exploration areas In keeping with its entrepreneurial history and tradition, TOMRA continues to explore new areas to further its ambition to lead the resource revolution and realize a world without waste. At present, smart waste management and emerging markets are subject to focused exploration effo
Slide 93: 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 94: TOMRA Financials
TOMRA Financials 94
Slide 95: 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 96: 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 96
Slide 97: Solid underlying business with steadily 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 98: Increase 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 99: Robust historical cash flows
TOMRA has historically generated robust cash flows supporting our capital allocation Historical operating cash flow EUR millions 250 200 150 100 50 0 2019 2020 2021 2022 2023 2024 99
Slide 100: Disciplined capital framework and allocation prioritization
We have a disciplined capital framework and allocation prioritization Prioritization of capital allocation Adjacent Dividends Growth in core investments 100
Slide 101: Dividend policy is a cornerstone of TOMRA
Our dividend policy is a cornerstone of TOMRA and will be kept unchanged Dividend policy Dividend payout % NOK per share 58% 58% 60% 54% 52% 50% 44%* 40% of EPS 2019 2020 2021 2022 2023 2024 101 *269% of EPS including extraordinary dividends
Slide 102: Investing in accelerated growth within core divisions
We 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 OPEX and CPAEX spend* Future oriented spend ~4-5% ~6-8% Project dependent of reve
Slide 103: Focused on reaching a 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 20% 19% 19% > 18% 18% 17% 18% by 2030 by 2030 2019 2020 2021 2022 2023 2024 ... 2030 *ROCE calculated as rolling 12M EBITA d
Slide 104: Financial position
Financial position 1Q 2025 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
Slide 105: Committed to 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 106: 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 107: 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 107
Slide 108: 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 109: www.TOMRA.com
Ay TOMIRA www.TOMRA.com