Slide 1: 4th Quarter 2015 Results Announcement
TH 4 QUARTER 2015 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 4th Quarter Results 18.02.2016
Slide 2: Highlights from 2015
HIGHLIGHTS FROM 2015 • Revenues of 6,143 MNOK (4,749 MNOK in 2014) Currency adjusted revenues were: - Up 16% for TOMRA Group Revenues - Up 20% in TOMRA Collection Solutions - Up 10% in TOMRA Sorting Solutions • Gross margin 42%, down from 43% in 2014 Gross margin - Reduced margins in TOMRA Collectio
Slide 3: Highlights from the Quarter
HIGHLIGHTS FROM THE QUARTER • All time high revenues of 1,816 MNOK (1,400 MNOK in fourth quarter 2014) Currency adjusted revenues were: Revenues - Up 16% for TOMRA Group - Up 24% in TOMRA Collection - Up 6% in TOMRA Sorting • Gross margin 41%, down from 43% in fourth quarter 2014 (currency adjusted)
Slide 4: Currency
CURRENCY +24.0% Positive +19.3% impact of stronger USD and EUR, +8.7% partly offset by negative CNY effect 4Q14 1Q15 2Q15 3Q15 4Q15 Revenues and expenses per currency; NOTE: Rounded figures EUR* USD NOK SEK OTHER TOTAL Revenues 45 % 30 % 5% 10 % 10 % 100 % Expenses 45 % 25 % 10 % 10 % 10 % 100 % EBI
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS P&L STATEMENT 4th Quarter Full year Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 1,816 1,400 1,561 6,143 4,749 5,298 • Collection Solutions 1,139 817 921 3,803 2,823 3,176 • Sorting Solutions 677 583 640 2,340 1,926 2,122 Gross contribution 751 610 668 2,5
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 2015 2014 ASSETS 7,317 6,625 • Intangible non-current assets 2,891 2,623 • Tangible non-current assets 837 683 • Financial non-current assets 316 307 • Inventory 1,209 913 • Receivables 1,751 1,5
Slide 7: TOMRA Collection Solutions
TOMRA COLLECTION SOLUTIONS 7
Slide 8: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS 4Q 2014 FULL YEAR 2015 • Strong quarter with revenues of 1,139 MNOK, up • Strong year with revenues of 3,803 MNOK, up from 817 MNOK in fourth quarter 2014 from 2,823 MNOK in fourth quarter 2014 - Revenues up 24% in local currencies - Revenues up 20% in local currencie
Slide 9: Rapid Adaptation of New Product Portfolio
RAPID ADAPTATION OF NEW PRODUCT PORTFOLIO More than 50% of current sales are new products 13 % 52 % 35 % Flow Technology Common Base UNO 9
Slide 10: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 4th Quarter Full year Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 1,139 817 921 3,803 2,823 3,176 • Nordic 152 125 526 417 • Europe (ex Nordic) 616 386 1,809 1,280 • US East/Canada 353 298 1,393 1,094 • Rest of the world 18 8 75 32 Gross contri
Slide 11: TOMRA Machines Installed in the German Market
GERMANY REPLACEMENT UPDATE TOMRA MACHINES INSTALLED IN THE GERMAN MARKET 2700 – 3700 MACHINES PER YEAR 11
Slide 12: TOMRA Sorting Solutions
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Slide 13: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS 4Q 2014 FULL YEAR 2015 • Revenues equaled 677 MNOK in fourth quarter • Annual revenues equaled 2,340 MNOK for 2015, up 2015, up from 583 MNOK in fourth quarter 2014 from 1,926 MNOK last year Revenues — Revenues up 6% in local currencies — Revenues up 10 % currency adjust
Slide 14: Record Diamond Recovery Using TOMRA XRT
RECORD DIAMOND RECOVERY USING TOMRA XRT 1,111 carat diamond recovered using TOMRA technology • In mid November 2015, Lucara Diamond Corp made a recovery of a 1,111 carat type IIa diamond using TOMRA XRT (X-ray transmission) technology • The diamond is the second largest gem quality diamond in histor
Slide 15: Business Stream Update
BUSINESS STREAM UPDATE FOOD • Revenues in 4Q15 slightly down from 4Q14 • Order intake up quarter over quarter, leading to a somewhat higher order backlog at the end of 4Q15 RECYCLING • Revenues in 4Q15 significantly up from 4Q14 • Order intake down quarter over quarter • High number of orders delive
Slide 16: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 4th Quarter Full year Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 677 583 640 2,340 1,926 2,122 • Europe 305 317 1,089 887 • North America 179 106 685 576 • South America 35 17 92 75 • Asia 132 85 366 238 • Oceania 13 38 52 87 • Africa 13 20 56 63
Slide 17: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM • TSS delivered all time high revenues in 4Q15 (677 MNOK, up from 583 MNOK in 4Q14) • The order intake in 4Q15 was 551 MNOK in the quarter (compared to 568 MNOK last year) • As a consequence of the high number of orders delivered in 4Q15, the order backlog at the end
Slide 18: Outlook and Shareholder Structure
OUTLOOK AND SHAREHOLDER STRUCTURE 18
Slide 19: Outlook
OUTLOOK • The replacement demand in Germany is assumed Collection to continue in 2016, but first quarter 2016 is Solutions expected to be slower than the last quarters in 2015, and more in line with first quarter 2015 • Due to a reduced backlog during fourth quarter Sorting 2015, first quarter 2016
Slide 20: Q&A
Q&A 20
Slide 21: TOMRA Shareholder Structure
TOMRA SHAREHOLDER STRUCTURE Top 10 shareholders as of 06 January 2016 Shareholders by country 1 Investment AB Latour 36 560 000 24.7% 2 Folketrygdfondet 12 152 055 8.2% 3 Skandinaviska Enskilda (Client Account) 9 338 329 6.3% (NOM) 4 Nordea Nordic Small 2 995 407 2.0% 5 The Bank of New York BNY Mell
Slide 22: Disclaimer
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