TOMRA: Capital Markets Day 2024

05 Sep 2024 07:00 CEST

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

More information:
Access the news on Oslo Bors NewsWeb site

627042_TOMRA_CMD_2024_Presentation_Published.pdf