TOMRA Systems — Earnings Release 2013

Feb 19, 2014

Fourth Quarter 2013 Results Announcement

Fourth Quarter 2013 Results Announcement

Stable performance in Collection Solutions, all time high order intake

in Sorting Solutions and increased dividend

Revenues in fourth quarter 2013 amounted to 1,228 MNOK, compared to

1,188 MNOK in fourth quarter 2012, down 4%. Organic and currency

adjusted, Collection Solutions revenues remained unchanged, while

revenues in Sorting Solutions were down 11%.

Gross margin was 44% in the quarter, down from 46% in the corresponding

period 2012. This is primarily explained by changes in product and

market mix.

Operating expenses in the quarter were 330 MNOK, currency adjusted down

3% compared to same quarter 2012.

EBITA was 204 MNOK versus 231 MNOK in fourth quarter 2012, driven by

lower gross margin in both business areas.

Cash flow from operations was 234 MNOK, down from 235 MNOK in fourth

quarter 2012.

All time high order intake of 509 MNOK in fourth quarter 2013 in TOMRA

Sorting, up from 464 MNOK in fourth quarter 2012.

Order backlog of 475 MNOK at the end of fourth quarter 2013 in TOMRA

Sorting, down from 525 MNOK at the end of fourth quarter 2012.

Proposed dividend of NOK 1.35, up from NOK 1.25 last year.

Collection Solutions: Solid revenue growth in fourth quarter

Revenues in fourth quarter 2013 amounted to 760 MNOK compared to 699

MNOK in fourth quarter last year. This represents an increase of 9%

(unchanged currency adjusted).

Gross margin was 42% in the quarter, down from 44% in the corresponding

period last year due to changes in market and product mix.

At the end of third quarter 2013, TOMRA announced the launch of T-9, the

first of a new generation of reverse vending machines (RVM) based on

TOMRA Flow Technology. T-9 features the first ever 360 degree

recognition system applied inside an RVM and enables faster and cleaner

collection of beverage containers, also including containers that until

now could not be collected in RVMs.

"Market acceptance has been good, and TOMRA expects a significant share

of orders received in 2014 to be on the new T-9 platform", says Stefan

Ranstrand, TOMRA President and CEO.

Sorting Solutions: All time high order intake

After three consecutive quarters with lower order intake, signed orders

during fourth quarter increased significantly and ended at 509 MNOK.

Revenues in the quarter decreased by 4% compared to same quarter in

2012. Adjusted for currency effects, revenues decreased 11%.

Gross margin decreased from 48% in fourth quarter 2012 to 46% in fourth

quarter 2013, due to changes in the product mix. Operating expenses

increased to 156 MNOK from 145 MNOK same quarter last year due to

stronger EUR versus NOK, and integration charges of 4 MNOK.

EBITA decreased from 90 MNOK in fourth quarter 2012 to 59 MNOK in fourth

quarter 2013, due to lower revenue and lower gross margin.

"All time high order intake in fourth quarter 2013, indicates improved

momentum in the Sorting markets", comments Ranstrand.

Asker, 19 February 2014

TOMRA Systems ASA

For questions, please contact:

Deputy CEO/CFO Espen Gundersen +47 66 79 92 42 / +47 97 68 73 01

Webcast link: http://presenter.qbrick.com/?pguid=19b81f36-a089-4b21-89ce

-1874245ff6b3

The Webcast will also be made available through on our webpage

www.tomra.com. We will open up for Q&A after the presentation.

TOMRA was founded on an innovation in 1972 that began with design,

manufacturing and sale of reverse vending machines (RVMs) for automated

collection of used beverage containers. Today TOMRA has ~150,000

installations in over 80 markets worldwide and had total revenues of

~4.6 billion NOK in 2013. The Group employs ~2,470 globally, and is

publicly listed on the Oslo Stock Exchange. (OSE: TOM) The TOMRA Group

continues to innovate and provide cutting-edge solutions for optimal

resource productivity within two main business areas: Collection

Solutions (reverse vending, material recovery and compaction) and

Sorting Solutions (recycling, mining and food sorting). For further

information about TOMRA, please see www.tomra.com