TOMRA Systems

Report Publication Announcement • Sep 5, 2024

TOMRA: Capital Markets Day 2024

TOMRA: Capital Markets Day 2024

TOMRA continues to see strong growth opportunities with significant and tangible

drivers for increased circularity. With continued technological leadership in

core divisions and progress on developing adjacent opportunities, TOMRA is

uniquely positioned to capitalize on this momentum and turn waste into valuable

resources.

"Our vision is to lead the world's resource revolution and increase the rate at

which resources are consumed circularly. For that to happen, we need to continue

our 50-year growth and innovation journey, leveraging cutting-edge technology,

deep industry insight and a decentralized, close to customer organization to

open up new markets and disrupt existing ones," says Tove Andersen, President

and CEO of TOMRA.

Today, TOMRA is hosting their Capital Markets Day, reaffirming the company's

profitable growth strategy launched in 2022: to accelerate growth in core and

develop adjacent opportunities while becoming a fully circular business which is

safe, fair and inclusive.

The ambition is to grow 15% annually and to achieve an EBITA margin of 18%. With

supporting drivers for increased circularity, continued technological leadership

and tangible progress on developing adjacent businesses, TOMRA sees the growth

potential extending to 2030 and beyond. On this journey, TOMRA has also

committed to Science Based Targets of achieving net zero emissions.

"TOMRA is perfectly positioned to benefit from the increasingly strong global

focus on decarbonization, resource scarcity and regulatory changes as a means of

achieving global environmental targets. Furthermore, a rising middle class and

increased urbanization heightens the challenges related to waste in a linear

economy and leads to increased demand for solutions that modernize and automate

resource management," says Andersen.

Capital allocation in TOMRA will continue to follow a strict framework. A new

target of achieving >18% return on capital employed by 2030 is being introduced.

The dividend policy of paying 40-60% of earnings per share and the target to be

an investment grade company are maintained.

TOMRA's leadership team will present how continued profitable growth will be

achieved in Collection and Recycling, and how Food targets to increase

profitability first and then accelerate growth. The strategy for developing

adjacent business will be elaborated upon, as will TOMRA's capital allocation

framework.

Agenda

07:00 | Publication of presentation

08:00 | Welcome

08:20 | Recycling, Collection and Food

09:05 | Break

09:30 | Horizon

09:50 | Financials

10:10 | Q&A

10:45 | End

TOMRA Ambitions

15% annual growth over the cycle

18% EBITA margin by 2030

>18% ROCE by 2030

40-60% of EPS in dividend

Maintain investment grade rating

Committed to Net Zero CO2 emissions by 2050 with intermediate targets in 2033

Digital participation

The presentations can be viewed via webcast on:

https://www.tomra.com/en/investor-relations/capital-markets-day

Viewers who would like to actively participate in the Q&A session are welcome to

pre-register for the TEAMS webinar:

https://events.teams.microsoft.com/event/1899f22e-adbb-4c14-bed6

-32293605d768@4308d118-edd1-4300-8a37-cfeba8ad5898

Alicante, 5 September 2024

TOMRA Systems ASA

For further information, please contact:

Daniel Sundahl, Head of Investor Relations

Tel: +47 913 61 899

Mathilde Hellenes, VP Public Relations

Tel: +47 456 78 255

TOMRA develops solutions that enable circular economies and optimal resource

productivity through automated identification, collection, grading, and sorting

of resources. We optimize how resources are obtained, used, and reused - turning

waste into valuable resources. Our vision is to lead the resource revolution and

enable a world without waste.

TOMRA has more than 110,000 installations in over 100 markets worldwide and had

total revenues of EUR 1,290 million in 2023. The Group employs 5,400 people

globally and is publicly listed on the Oslo Stock Exchange. (OSE: TOM). For

further information about TOMRA, please visit www.TOMRA.com