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1 First Quarter 2005. 2 Financial highlights – First quarter 2005  Revenues of 599 MNOK –RVM Technology 250 MNOK –Collection & Materials Handling 187.

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Presentation on theme: "1 First Quarter 2005. 2 Financial highlights – First quarter 2005  Revenues of 599 MNOK –RVM Technology 250 MNOK –Collection & Materials Handling 187."— Presentation transcript:

1 1 First Quarter 2005

2 2 Financial highlights – First quarter 2005  Revenues of 599 MNOK –RVM Technology 250 MNOK –Collection & Materials Handling 187 MNOK –Recycling Technology 66 MNOK –Other non-deposit activities 96 MNOK  Operating profit 10 MNOK  Cash flow from operations 1 MNOK  Total assets 3,370 MNOK –Cash balance 766 MNOK Note: All figures based on IFRS

3 3 Segment: RVM Technology

4 4 RVM Technology (In MNOK) 1Q051Q04 Revenue Nordic Central Europe & UK Rest of Europe-1 - US East / Canada8189 Gross contribution (in %) 123 (49%) 159 (50%) Operating profit (in %) 31 (12%) 59 (19%)

5 5 RVM Technology – Highlights  Revenue decrease of 26% to 169 MNOK in first quarter 2005  Nordic revenue down 34% to 85 MNOK to due to exceptionally high volumes in first quarter 2004  Deliveries of machines to Estonia to start in April 2005  Revenue unchanged in USD in the first quarter 2005 vs. 2004, decrease of 9% to 81 MNOK  Lower RVM sales due to postponed timing of key account installations was off-set by higher service/ administration revenue Europe North America New generation of RVM’s launched at Euroshop

6 6 TOMRA at Euroshop 2005 T-820 Uno

7 7 Germany update  Retail and beverage industries have set up three working groups to finalize preparation for national deposit system to start as of May 2006  Working groups to focus on: –Operational issues (IT, clearing, etc.) –Legal issues –Security system for marking and recognition of deposit containers  Conclusion on security standard will be an important milestone in preparing for automated handling in a national deposit system

8 8 Segment: Collection & Materials Handling Collection Materials Handling Pick-up & transport Baling Sorting

9 9 Collection & Materials Handling (In MNOK) 1Q051Q04 Revenue US East / Canada US West8679 Gross contribution (in %) 34 (18%) 36 (19%) Operating profit (in %) 8 (4%) 5 (2%)

10 10 Collection & Materials Handling – Highlights  Revenue in Collection (US West) up by 20% to 13.7 MUSD; up 9% measured in NOK to 86 MNOK –Improved profitability due to continued volume growth & positive development in aluminum prices  Revenue increase of 3% in USD terms in Materials Handling operations (US East & Canada); in NOK terms, down 9% to 101 MNOK –Improved profitability due to cost reduction/efficiency program executed in 2004

11 11 Segment: Recycling Technology TiTech sorting unit Presona baler Orwak compactor Morinders compactor Orwak Group

12 12 Recycling Technology (In MNOK) 1Q051Q04 Revenue Nordic14- - Central Europe & UK39- - Rest of Europe4- - US East3- - Rest of World6- Gross contribution (in %) 28 (43%) - Operating profit(9) -

13 13 Recycling Technology – Highlights TiTech  Seasonality impacting 1Q-05 performance  Stronger order intake and order backlog expected to lead to growth in 2005 Orwak Group  Consolidated as of 1 January 2005  Strong 4Q-04 performance influencing weak 1Q-05 activity level  Order inflow / order backlog in 1Q-05 in line with 2004, which is expected to lead to improved performance throughout rest of 2005 Integration process of TiTech/Orwak Group with TOMRA  Focus on improved profitability and continued revenue growth

14 14 Segment: Other non-deposit activities TOMRA Wharehouse Collection TOMRA Recycling Plant - Pindamonhangaba Novelis Rexam Can Factory Brazilian operations TRC project Business development

15 15 Other non-deposit activities (In MNOK) 3m053m04 Revenue9686 Gross contribution (in %) 14 (15%) 10 (12%) Operating profit(11)(18)

16 16 Other non-deposit activities – Highlights Brazil  Improved profitability with operating profit of 5 MNOK Japan  Initial pilot in Tokyo positively concluded  Next phase: Securing initial orders & concluding on Sumitomo partnership agreement by middle of 2005 UK / TRC  Technical performance as targeted & consumer response positive  Next five pilot centers to be installed April-July 2005  Pilot phase to run up to March 2006

17 17 Revitalize & achieve profitable growth History Future NOK millions

18 18

19 19 Addendum slides

20 20 1Q05 segment financials (in MNOK)RVM TechCollection & Materials handling Recycling Tech Other non- deposit activities Group functions TOTAL Revenues Gross contribution (in %) 123 (49%) 34 (18%) 28 (43%) 14 (15%) 199 (33%) Operating profit (in %) 31 (12%) 8 (4%) (9)(11)(9)10 (2%)

21 21 1Q04 segment financials (in MNOK)RVM TechCollection & Materials handling Recycling Tech Other non- deposit activities Group functions TOTAL Revenues Gross contribution (in %) 159 (50%) 36 (19%) - 10 (12%) 205 (35%) Operating profit (in %) 59 (19%) 5 (2%) -(18)(4)42 (7%)

22 22 Major shareholders* SharesOwnership 1.Folketrygdfondet % 2.JP Morgan Chase Bank Clients Treaty Account % 3.Vital Forsikring ASA DnB NOR Kapitalforvaltning % 4.Clearstream Banking CID Dept, Frankfurt % 5.State Street Bank & Client Omnibus D % 6.Nordea Bank Denmark S/A Nordea (DK) CCA % 7.VPF DNB NORNorge % 8.Orkla ASA % 9.VPF Avanse Norge % 10.Lombard Odier Darier General Dossier % SUB-TOTAL % Other shareholders % TOTAL ( shareholders) % Total foreign ownership % *Registered 31 March 2005

23 23 Shares & shareholders* CountrySharesOwnership Number of shareholders 1.Norway % Great Britain %76 3.USA %179 4.Luxembourg %40 5.Denmark %75 6.Switzerland %24 7.Sweden %126 8.Belgium %13 9.Germany %98 10.The Netherlands %57 TOTAL98.1% *Registered 31 March 2005


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