Tomra Systems Asa · OSL:TOM

Tomra Systems Asa — Q3 2015 Earnings Presentation

20 slides from Tomra Systems Asa's earnings presentation, Oct 21, 2015

1. Slide 1: 3rd Quarter 2015 Results Announcement

   RD 3 QUARTER 2015 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 3rd Quarter Results 21.10.2015

2. Slide 2: Highlights from the Quarter Include

   HIGHLIGHTS FROM THE QUARTER INCLUDE • All time high revenues of 1,748 MNOK (1,188 MNOK in third quarter 2014) Currency adjusted revenues were: Revenues - Up 30% for TOMRA Group - Up 40% in TOMRA Collection - Up 16% in TOMRA Sorting • Gross margin 41%, down from 42% in third quarter 2014 (currency ad

3. Slide 3: Currency

   CURRENCY +31.7% +28.7% Positive impact of stronger USD and EUR, +10.5% partly offset by negative CNY effect 3Q14 4Q14 1Q15 2Q15 3Q15 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 % EB

4. Slide 4: Financial Highlights: P&L Statement

   FINANCIAL HIGHLIGHTS P&L STATEMENT 3rd Quarter YTD Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 1,748 1,188 1,346 4,327 3,349 3,737 • Collection Solutions 1,110 695 795 2,664 2,006 2,255 • Sorting Solutions 638 493 551 1,663 1,343 1,482 Gross contribution 717 508 566 1,812 1,4

5. Slide 5: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure

   FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 30 Sept 30 Sept 31 Dec Amounts in NOK million 2015 2014 2014 ASSETS 7,318 5,963 6,625 • Intangible non-current assets 2,816 2,479 2,623 • Tangible non-current assets 721 616 683 • Financial non-current assets 309 285 307 • Inventory

6. Slide 6: TOMRA Collection Solutions

   TOMRA Collection Solutions 6

7. Slide 7: Highlights Collection Solutions

   HIGHLIGHTS COLLECTION SOLUTIONS • Exceptionally strong quarter with revenues of 1,110 MNOK, up from 695 MNOK in third quarter 2014 - Revenues up 40% in local currencies • Gross margin was 39% in the period Overall - Down from 42% last year, due to currency and product mix • Operating expenses of 184

8. Slide 8: Collection Solutions Financials

   COLLECTION SOLUTIONS FINANCIALS 3rd Quarter YTD Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 1,110 695 795 2,664 2,006 2,255 • Nordic 128 84 374 292 • Europe (ex Nordic) 563 316 1,193 894 • US East/Canada 385 285 1,040 796 • Rest of the world 34 10 57 24 Gross contribution 431

9. Slide 9: Lithuanian Contract

   LITHUANIAN CONTRACT TOMRA enters into agreement with Lithuanian Deposit System Administrator • TOMRA has signed an agreement with the Lithuanian Deposit System Administrator USAD • The agreement includes placement of up to approximately 1,000 reverse vending machines in the Lithuanian market by 2016

10. Slide 10: Germany Replacement Update

    GERMANY REPLACEMENT UPDATE TOMRA MACHINES INSTALLED IN THE GERMANMARKED 2700 – 3700 MACHINES PER YEAR 9 months 10

11. Slide 11: TOMRA Sorting Solutions

    TOMRA Sorting Solutions 11

12. Slide 12: Highlights Sorting Solutions

    HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 638 MNOK in third quarter 2015, up from 493 MNOK in third quarter 2014 Revenues — Revenues up 16% in local currencies • Gross margin increased from 44% to 45% Gross margin — Volume and product mix related EBITA • EBITA of 87 MNOK (66 MNOK in third quar

13. Slide 13: Business Stream Update

    BUSINESS STREAM UPDATE FOOD • Revenues in 3Q15 significantly up from 3Q14 • Order intake slightly down quarter over quarter, leading to a somewhat lower order backlog at the end of 3Q15 RECYCLING • Revenues in 3Q15 significantly up from 3Q14 • Order intake good, despite challenging markets • Momentu

14. Slide 14: Sorting Solutions Financials

    SORTING SOLUTIONS FINANCIALS 3rd Quarter YTD Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 638 493 551 1,663 1,343 1,482 • Europe 296 195 784 570 • North America 176 161 506 470 • South America 35 49 57 58 • Asia 94 46 234 153 • Oceania 11 23 39 49 • Africa 26 19 43 43 Gross co

15. Slide 15: Backlog Development and Momentum

    BACKLOG DEVELOPMENT AND MOMENTUM • The order intake in 3Q15 was, as expected, somewhat down compared to the last four quarters, currency adjusted • However, supported by a strong USD and EUR, the order intake measured in NOK was up from 550 MNOK in 3Q14 to 572 MNOK in 3Q15 • With all time high reven

16. Slide 16: Outlook and shareholder structure

    Outlook and shareholder structure 16

17. Slide 17: Outlook

    OUTLOOK Collection Solutions: • The replacement demand in Germany is assumed to continue and the outlook for fourth quarter is consequently good, although revenues and EBITA will both be significantly below the exceptionally strong third quarter 2015 Sorting Solutions: • Due to a high backlog at the

18. Slide 18: Q&A

    Q&A 18

19. Slide 19: TOMRA Shareholder Structure

    TOMRA SHAREHOLDER STRUCTURE Top 10 shareholders as of 5th of October 2015 Shareholders by country 1 Investment AB Latour 36 560 000 24.7% 2 Folketrygdfondet 15 804 282 10.7% 3 Skandinaviska Enskilda (Client Account) 6 159 306 4.2% (NOM) 4 Clearstream Banking 3 174 003 2.1% (NOM) 5 Nordea Nordic Smal

20. 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

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