Slide 1: 1st quarter 2022 results announcement
st 1 quarter 2022 results announcement TOMRA Systems ASA 29 April 2022 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Financial highlights
Financial highlights Revenues • Revenues of 2,501 MNOK (2,291 MNOK in first quarter 2021) Adjusted for currency, revenues were: - Up 10% for TOMRA Group - Up 3% in TOMRA Collection - Up 56% in TOMRA Recycling Mining - Up 1% in TOMRA Food Gross margin • Gross margin 40% (down from 42% in fourth quart
Slide 4: Business update for TOMRA Collection
Business update for TOMRA Collection Successful roll-out of the deposit system in Latvia Update on new deposit markets (according to official government statements) The Netherlands – January 2023 (expansion) Latvia DRS live on Feb 1st, 2022 From January 1, 2023, The Netherlands will extend1) their d
Slide 5: Business update for TOMRA Recycling Mining
Business update for TOMRA Recycling Mining Order intake increase of 35% compared to 1Q21 Plastic and metal prices at continued high level Illustration1) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 2.500 €/ton PET - Continued good momentum across ma
Slide 6: Business update for TOMRA Food
Business update for TOMRA Food Positive investment sentiment in both segments TOMRA innovations at Fruit Logistica in Berlin Processed Food TOMRA 5C Frozen vegetables and fruit application - Good demand signals from food Improved sorting service quality, food safety design, higher capacity - Higher
Slide 7: Financials and outlook
FINANCIALS AND OUTLOOK 7
Slide 8: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 1Q22 vs 1Q21 10% change in NOK towards other 110 currencies will impact: 105 Revenues Expenses EBITA USD/NOK +3.9%* 100 EUR* 4.5% 4.0% 7.0% USD 3.5% 2.5% 8.0% 95 OTHER2 2.0% 3.0% -4.0% EUR/NOK -3.3%* 90 ALL 10.0% 9.5% 11.0% 1Q21 2Q21 3Q2
Slide 9: Financial highlights | P&L statement
Financial highlights | P&L statement 1st Quarter Amounts in NOK million 2022 2021 2021 Adj* Revenues 2,501 2,291 2,282 Collection 1,393 1,364 1,355 Recycling Mining 489 318 314 Food 618 609 613 Gross contribution 996 973 975 in % 40% 42% 43% Operating expenses 760 733 727 EBITA 237 240 248 in % 9% 1
Slide 10: TOMRA Collection financials
TOMRA Collection financials 1st Quarter Amounts in NOK million 2022 2021 2021 Adj* Revenues 1,393 1,364 1,355 Northern Europe 246 203 Europe (ex Northern) 573 626 North America 393 358 Rest of the world 182 177 Gross contribution 538 573 567 in % 39% 42% 42% Operating expenses 331 317 316 EBITA 207
Slide 11: TOMRA Recycling Mining financials
TOMRA Recycling Mining financials 1st Quarter Order Intake 700 623 644 Amounts in NOK million 2022 2021 2021 Adj* 600 498 500 467 Revenues 489 318 314 400 300 Europe 309 200 200 100 America 94 65 0 1Q19 1Q20 1Q21 1Q22 Asia 47 30 Rest of the world 40 23 Order Backlog Gross contribution 236 159 159 1
Slide 12: TOMRA Food financials
TOMRA Food financials 1st Quarter Order Intake 1 200 Amounts in NOK million 2022 2021 2021 Adj* 968 1 000 887 893 800 637 Revenues 618 609 613 600 400 Europe 140 188 200 America 311 260 0 1Q19 1Q20 1Q21 1Q22 Asia 76 48 Rest of the world 90 113 Order Backlog 1 400 1321 1213 1196 Gross contribution 22
Slide 13: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 31 March 31 Dec 2022 2021 2021 Amounts in NOK million ASSETS 11,821 10,806 11,589 Intangible non-current assets 3,742 3,737 3,790 Tangible non-current assets 2,269 2,263 2,197 Financial non-current assets 388 362 347 Inventory 1,921 1,571 1,883 Rece
Slide 14: TOMRA has a solid financial position
TOMRA has a solid financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 1.8 years • TOMRA has a satisfactory liquidity situation with available unused • All interest-bearing is swapped to EUR and is exposed to EUR/NOK credit lines of approx. 1 311 MNOK
Slide 15: Outlook
Outlook • High activity related to preparation for new markets Collection • Quarterly performance will be dependent upon timing of new initiatives • Positive momentum assumed to continue Recycling Mining • High commodity prices and demand for recycled materials are expected to drive growth • Good de
Slide 16: Q&A
Q&A 16
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 Docume