Slide 1: 3rd Quarter 2017 Results Announcement
RD 3 QUARTER 2017 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 3rd Quarter Results 23.10.2017
Slide 2: Highlights from the Quarter
HIGHLIGHTS FROM THE QUARTER • Revenues of 1,855 MNOK (1,715 MNOK in third quarter 2016) – up 8% Adjusted for currency and acquisitions, revenues were: Revenues - Unchanged for TOMRA Group - Down 4% in TOMRA Collection Solutions - Up 8% in TOMRA Sorting Solutions • Gross margin 43%, unchanged from th
Slide 3: Currency
CURRENCY +0.6%* Negative impact from USD in 3Q17 vs 3Q16 -4.3%* 3Q16 4Q16 1Q17 2Q17 3Q17 *Average rate 3Q17 vs 3Q16 Revenues and expenses per currency; NOTE: Rounded figures EUR* USD NOK NZD OTHER TOTAL Revenues 45 % 45 % 0% 0% 10 % 100 % Expenses 40 % 30 % 5% 5% 20 % 100 % EBITA 50 % 100 % - 20 % -
Slide 4: Financial Highlights: P&L Statement
FINANCIAL HIGHLIGHTS P&L STATEMENT 3rd Quarter YTD Amounts in NOK million 2017 2016 16 Adj* 2017 2016 16 Adj* Revenues 1,855 1,715 1,692 5,391 4,844 4,804 • Collection Solutions 1,024 1,079 1,066 2,876 3,037 3,009 • Sorting Solutions 831 636 626 2,515 1,807 1,795 Gross contribution 799 739 727 2,266
Slide 5: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure
FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 30 Sep 30 Sep 31 Dec Amounts in NOK million 2017 2016 2016 ASSETS 8,214 7,206 7,115 • Intangible non-current assets 3,313 2,745 2,750 • Tangible non-current assets 849 755 801 • Financial non-current assets 307 322 342 • Inventory 1
Slide 6: TOMRA Collection Solutions
TOMRA COLLECTION SOLUTIONS 6
Slide 7: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS • Revenues of 1,024 MNOK, down from 1,079 MNOK in third quarter 2016 - Revenues down 4% in local currencies • Gross margin was 43% in the period - Slightly up from same period last year Overall • Operating expenses of 202 MNOK - Up 5% currency adjusted, due to ramp-up
Slide 8: Successful Bid for Network Operator in NSW: First Installation in Place
SUCCESSFUL BID FOR NETWORK OPERATOR IN NSW: FIRST INSTALLATION IN PLACE • The New South Wales (NSW) Environment Minister Gabrielle Upton announced the 29.07.2017, that TOMRA’s joint venture with Cleanaway (“TOMRA-Cleanaway”) had been appointed as the Network Operator for the State’s Container Deposi
Slide 9: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 3rd Quarter YTD Amounts in NOK million 2017 2016 16 Adj* 2017 2016 16 Adj* Revenues 1,024 1,079 1,066 2,876 3,037 3,009 • Nordic 146 164 434 508 • Europe (ex Nordic) 470 493 1,264 1,355 • North America 397 408 1,143 1,120 • Rest of the world 11 14 35 54 Gross contribu
Slide 10: TOMRA Machines Installed in the German Market
TOMRA MACHINES INSTALLED IN THE GERMAN MARKET GERMANY REPLACEMENT UPDATE 9 months 2017 PER YEAR 2700 – 3700 MACHINES 10
Slide 11: TOMRA Sorting Solutions
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Slide 12: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 831 MNOK in third quarter 2017, up from 636 MNOK in third quarter 2016 Revenues — Revenues up 8% in local currencies (organic) • Gross margin 43% Gross margin — Slightly down due to currency and Compac EBITA • EBITA of 83 MNOK (86 MNOK in third quarter
Slide 13: Business Stream Update
BUSINESS STREAM UPDATE FOOD • Overall good momentum • Revenues in 3Q17 up from 3Q16 • Order intake up quarter over quarter RECYCLING • Momentum increasing, after a period of lower activity • Revenues in 3Q17 up from 3Q16 • Order intake up quarter over quarter MINING • Order intake and revenues has i
Slide 14: Compac: Progressing on Track
COMPAC: PROGRESSING ON TRACK Sales, Production and Organisation 1 Regional Operating Centers 2 3 Good orders growth Focused Operations NZ/China 4 Spectrim offers superior performance, usability and a continuously upgradable platform for the produce industry Local installations and 5 service Process
Slide 15: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 3rd Quarter YTD Amounts in NOK million 2017 2016 16 Adj* 2017 2016 16 Adj* Revenues 831 636 626 2,515 1,807 1,795 • Europe 344 302 880 810 • North America 242 207 928 611 • South America 31 16 89 33 • Asia 91 89 291 246 • Oceania 73 12 212 67 • Africa 50 10 115 40 Gross
Slide 16: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM TOMRA Sorting Solutions (TSS) without Compac: • Delivered order intake of 724 MNOK in the quarter, compared to 613 MNOK same quarter last year, up 22% currency adjusted • Revenues came in at 673 MNOK (up from 636 MNOK in 3Q16) • All time high order backlog of 924 MNO
Slide 17: Outlook
WEE SSE " OUTLOOK
Slide 18: Outlook
OUTLOOK • The replacement demand in Germany is assumed to continue out 2017 and into 2018 Collection • Replacement in Sweden has finished Solutions • From 1st December 2017, TOMRA will start record revenues from New South Wales • Significant ramp-up expenses will be booked during fourth quarter 2017
Slide 19: Q&A
Q&A 19
Slide 20: Disclaimer
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