Slide 1: 2nd Quarter 2015 Results Announcement
ND 2 QUARTER 2015 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 17th of July 2015
Slide 2: Highlights from the Quarter Include
HIGHLIGHTS FROM THE QUARTER INCLUDE • All time higher order intake of 646 MNOK in TOMRA Sorting, Orders up from 502 MNOK same period last year TOMRA • All time high order backlog of 851 MNOK in TOMRA Sorting, Sorting up from 822 MNOK at the end of first quarter 2015 • Revenues of 1,472 MNOK (1,139 M
Slide 3: TOMRA Wins 2014/2015 European Business Award
TOMRA WINS 2014/2015 EUROPEAN BUSINESS AWARD BUSINESS OF THE YEAR WITH A TURNOVER OF €150M+ 1st stage TOMRA was named as one of ten National Champions from Norway. 2nd stage after a voting process TOMRA won the distinction National Public Champion Norway. 3rd stage 110 Ruban d’Honneur recipien
Slide 4: Currency
CURRENCY +30.0% Positive impact of +29.5% stronger USD and EUR, partly offset by negative +4.3% CNY effect 2Q14 3Q14 4Q14 1Q15 2Q15 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: P&L Statement
FINANCIAL HIGHLIGHTS P&L STATEMENT 2nd Quarter 1st Half Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 1,472 1,139 1,264 2,579 2,161 2,391 • Collection Solutions 855 678 758 1,554 1,311 1,460 • Sorting Solutions 617 461 506 1,025 850 931 Gross contribution 622 487 537 1,095 932
Slide 6: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure
FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 30 June 30 June 31 Dec Amounts in NOK million 2015 2014 2014 ASSETS 6,782 5,944 6,625 • Intangible non-current assets 2,610 2,528 2,623 • Tangible non-current assets 687 613 683 • Financial non-current assets 297 293 307 • Inventory
Slide 7: TOMRA Collection Solutions
TOMRA Collection Solutions 7
Slide 8: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS • Revenues equaled 855 MNOK in second quarter 2015, up from 678 MNOK in second quarter 2014 - Revenues up 13% in local currencies • Gross margin was 41% in the period Overall - Down from 42% same period last year - Mainly explained by currency effects • Operating expe
Slide 9: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 2nd Quarter 1st Half Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 855 678 758 1,554 1,311 1,460 • Nordic 128 107 246 208 • Europe (ex Nordic) 358 284 630 578 • North America 356 277 655 511 • Rest of the world 13 10 23 14 Gross contribution 347
Slide 10: TOMRA Sorting Solutions
TOMRA Sorting Solutions IE TOMRA
Slide 11: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 617 MNOK in second quarter 2015, up from 461 MNOK in second Revenues quarter 2014 • Revenues up 22% in local currencies • Gross margin increased from 44% in second quarter 2014 to 45% in second quarter 2015 Gross margin • Positive effect from higher re
Slide 12: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 2nd Quarter 1st Half Amounts in NOK million 2015 2014 14 Adj* 2015 2014 14 Adj* Revenues 617 461 506 1,025 850 931 • Europe 280 212 488 375 • North America 219 163 330 309 • South America 9 3 22 9 • Asia 81 48 140 107 • Oceania 17 21 28 26 • Africa 11 14 17 24 Gross cont
Slide 13: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM • Despite a high number of orders taken to P/L (617 MNOK in revenues in 2Q15), the order backlog at the end of the quarter is still strong (851 MNOK) due to good order intake (646 MNOK) • Estimated backlog conversion ratio in 3Q15: 70%- 75%* * Based upon current prod
Slide 14: Outlook and shareholder structure
Outlook and shareholder structure 14
Slide 15: Outlook
OUTLOOK Collection Solutions: • The replacement demand in Germany in assumed to continue and the outlook for third quarter is consequently good. Both revenues and EBITA is expected to be better than both third quarter 2014 and second quarter 2015. Sorting Solutions: • Due to the all time high backlo
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Slide 17: TOMRA Shareholder Structure
TOMRA SHAREHOLDER STRUCTURE Top 10 shareholders as of 30th of June 2015 Shareholders by country 1 Investment AB Latour 35 690 000 24.7% 2 Folketrygdfondet 15 999 512 10.8% 4% 8% 3 Skandinaviska Enskilda A/C Clients account 5 492 889 3.7% (NOM) 7% 31% 4 Odin Norge 3 403 478 2.3% 9% 5 Nordea Nordic Sm
Slide 18: 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