#1TOMRA Systems ASA 21 October 2022 © TOMRA TOMRA Investor Presentation#2At TOMRA, our vision is to Lead the Resource Revolution It is our belief that businesses have the power and responsibility to help manage our planet's precious resources-today and tomorrow. 2#34600+ EMPLOYEES GLOBALLY Collection 1 TOMRA Publicly listed on Oslo Stock Exchange (OSEBX: TOM) Recycling 10.9 BILLION NOK REVENUES IN 2021 Food#4Our transformation journey 2005 2004 RECYCLING TOMRA acquires TITECH, the world's leading provider of optical recognition and sorting technology for the waste industry and TOMRA'S transformation journey starts. TOMRA acquires Orwak Group, a leading provider of compaction for a variety of materials. 2006 COLLECTION TOMRA acquires Commodas - a leading supplier within the field of sensor-based products for mining and metal recycling. 2008 RECYCLING TOMRA acquires Ultrasort specialists in sensor-based mining technology. 2011 COLLECTION Sale of Californian material handling business. With the divestment the US operation became less exposed to movements in commodity prices. FOOD 2016 2012 TOMRA acquires BEST, leading food sorting machine producer. With the acquisition of BEST, TOMRA has by far the widest reach within the food sorting universe. FOOD TOMRA expands into lane sorting, acquiring New Zealand based Compac, confirming TOMRA's position as the leading provider of sorting technology into the food industry. 2011 FOOD TOMRA acquires Odenberg, rounding out the offering to include food optimization. 2014 RECYCLING Divestment of Orwak. Further portfolio focus on sensor-based technology. 2018 COLLECTION FOOD TOMRA compliments its food sorting portfolio with the acquisition of BBC Technologies, a leading provider of precision grading systems for blueberries and BBC other small fruits. TECHNOLOGIES FROM: 2000 2004 2008 2012 2019 2021 TO: 5% 18% 40% 30% 50% TOMRA 100% 50% 53% 82% 95% 60% 17% 1 Helping the world recycle TOMRA ■ Collection ■ Collection Collection ■Sorting ■Sorting ■Collection ■Sorting ■Collection ■Sorting ■ Collection ■Recycling ■ Food LEADING THE RESOURCE REVOLUTION 4#52.7 billion NOK 10.9 billion NOK FOOD RECYCLING COLLECTION We have built a broad business platform... while keeping a strong entrepreneurial spirit 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 TOMRA Revenues#6Creating value through three divisions TOMRA 100% TOMRA 2021 Revenue 100 % FOOD 30% 80% 80% 60% 17% 60% RECYCLING 40% 40% 53% 20% COLLECTION 20% 0% Collection ■Recycling Food 0% TOMRA 2021 EBITA 19% 22% 59% Collection ■Recycling Food#7Divisions and segments COLLECTION REVERSE VENDING Share of '21 sales ~43% Employees 1,856 Customers Grocery retailers Market share ~70% MATERIAL RECOVERY RECYCLING RECYCLING FOOD PROCESSED FOOD ~15% ~17% 575 826 Material recovery plants, scrap dealers, metal shredder operators ~55-60% MINING Share of '21 sales ~10% ~2% 580 84 Employees Customers Market share Grocery retailers and beverage manufacturers ~60% in USA (markets served) Mining companies ~40-50% TOMRA GROUP FUNCTIONS Employees 34 TOMRA Food growers, packers and processors ~30% FRESH FOOD ~13% 655 Food growers, packers and cooperatives ~25%#8Installed base worldwide COLLECTION 000 00000 000 REVERSE VENDING Nordic ~16,200 Germany Other Europe ~30,000 ~15,100 North America ~13,700 Rest of the world ~6,000 TOTAL*) ~81,000 RECYCLING AND FOOD 000 RECYCLING FOOD EMEA ~5,885 EMEA ~6,050 Americas ~1,300 Americas ~4,850 Rest of world ~1,205 APAC ~2,050 TOTAL ~8,400 TOTAL ~13,000 8#9TOMRA Collection 10#10TOMRA Global leader in reverse vending Represented in more than 60 countries We are technology leader globally 50 years of experience 81 000 machines in operation Collecting 44 billion containers a year in operation 5.7bn NOK revenues 11#11An overview of current deposit markets Yukon (1992) British Columbia (1970) Oregon (1972) California (1987) Hawaii (2005) TOMRA Northwest Territories (2005) Quebec (1984) Norway (1999) Iceland (1989) Newfoundland Ontario (2007) (1997) Denmark (2002) Prince Edwardian Island (2008) Netherlands (2005/2021) Alberta (1972) Nova Scotia (1996) Saskatchewan (1988) Manitoba (2008) New Brunswick (1992) Germany (2006) Vermont (1973) Iowa (1979) New York (1983/2010) Northern Territory Michigan (1978) Maine (1978) (2013) Massachusetts (1983) Connecticut (1980/2010) Sweden (1984) Finland (1996) Estonia (2005) Latvia (2022) Lithuania (2016) Slovakia (2022) Croatia (2006/2015) Queensland (Nov 2018) Western Australia (Oct 2020) South Australia (1977) New South Wales (Dec 2017) * In addition, some markets have refillable deposit systems such as: Austria, Belgium, Chile, Czech Republic, France, Hungary, Poland and South Korea 12#12Upcoming deposit markets Quebec: Deposit system to be modernized November 2023 Connecticut: Expansion of existing deposit system in 2023 and 2024 Ireland: Deposit system to be implemented in 2023 The Netherlands: Deposit Return System to be extended January 2023 Scotland: Container deposit scheme planned to start August 2023 Collection target for plastic bottles: 77% by 2025 90% by 2029 Recycled content in product design: 25% by 2025 in PET bottles 30% by 2030 in all plastic bottles EU Single-Use Plastic Directive: Targets on recycled content and collection target for plastic bottles. Deposit scheme mentioned as a mean to reach those targets. Romania: Deposit system to be implemented November 2023 Austria: Deposit Return System to be implemented 2025 Victoria and Tasmania: Deposit Return System to be implemented in 2023 New Zealand Deposit Return System proposed for 2025#13We are driving the market momentum through global advocacy work aiming to achieve best practice deposit systems and generate demand through innovations EUROPE AUS NORTH AMERICA ASIA Collection targets for plastic beverage bottles 77% 90% ✓ Targets for recycled content in plastic beverage bottles 25% 30% 2025 2029 2025 2030 Continued work with governments to implement best practice deposit legislation LATIN AMERICA AFRICA Innovate solutions that trigger modernizations and increased demand 14#14Germany Return rate ▲ Deposit value in EUR High collection rates achieved in two years' time 98% 95% 92% 92% 92% 92% 0.25 0.25 Netherlands 0.21- 0.31 0.1-0.4 0.09 0.1 0.05 Norway Finland Michigan (US) *Deposit values converted to EUR for comparison purpose Lithuania Massachusetts (US) 66% 43% ~40% No deposit No deposit UK France Return rates in Lithuania Prior to container 34% deposit scheme End of 74% year 1 End of year 2 92% 15 Source: Reloop, The Guardian, LeParisien, USAD#15The four principles of high-performing deposit return systems PERFORMANCE CONVENIENCE PRODUCER RESPONSIBILITY SYSTEM INTEGRITY A collection target for a broad scope of beverage packaging plus a meaningful deposit delivers strong results. The redemption system is easy, accessible and fair for everyone. Producers manage, finance and invest in the system with use of unredeemed deposits and commodity revenues. Trust is built into the system's processes through transparent management, a data-driven clearinghouse, and reliable redemption technology. 16#16Reinvestment of unredeemed deposits and material revenue within the system 100% In Norway over 80% of the system's costs are covered by unredeemed deposits and material revenue Profit and loss overview of Norway's Central System Administrator (2019) 90% 80% 70% 60% 25% 50% 40% 30% 48% 20% 10% 0% 14% 13% 49% 35% Handling fees Transport Other production costs Admin/marketing/depreciation Unredeemed deposits Material sales Expenses 8% 38 8% Other revenues EPR fee Revenue#17Legislative outlook supports new and expanded Deposit Return Scheme (DRS) markets towards 2030 Canada provinces (+) US states Expansion and modernization * Single Use Plastic Directive Singapore as launchpad in South-East Asia Potentially first one-way DRS in Latin America First full DRS continent Australia States - Existing DRS markets* * In addition, some markets have refillable deposit systems such as: Austria, Belgium, Chile, Czech Republic, France, Hungary, Poland and South Korea 18#18Europe and the Single Use Plastic Directive (SUPD) will be the main driver of new deposit markets towards 2030 All EU member states to collect 90% of plastic beverage bottles by 2029 Existing DRS markets* EU countries * In addition, some markets have refillable deposit systems such as: Austria, Belgium, Czech Republic, France, Hungary and Poland 19#19Strong local presence in existing and upcoming European deposit markets Establishing local TOMRA entities and building local presence and partnerships early is key in our go to market strategy 1 Existing DRS markets* EU countries In addition, some markets have refillable deposit systems such as: Austria, Belgium, Czech Republic, France, Hungary and Poland 20#20Preferred partner in reverse vending solutions TRUSTED PARTNER SERVICE NETWORK INNOVATION CHAMPION SOLUTIONS PORTFOLIO # of installed RVMs >80 000 10 000- 80 000 5 000- 10 000 trautwein sb technik Sielaff REMONDIS RE DEPOSIT 500- 5.000 <500 1-10 11-20 Source: TOMRA estimates and analysis 21-30 envipco RVM 31-40 >40 Number of RVM markets ་ 21#21Customer centricity is at the core of our innovation strategy A great recycling experience Efficient operations for peace of mind A smart investment for long-term benefits Strategic aspiration: Innovate the most attractive solutions and the best customer experience TOMRA OPEN TOMRA Recycle here Democenter Tomra @ 2 MACHINES HAS STOPPED H11 Mech Serial: 99601000 770 dual Mach model 170 2009 T9 Left Mactan modal T torial 99600500 The reset button is not pressed The machineslepiantys T90 STATUS 19 The small footprint reverse vending machine from the global leaders STATISTICS LGERS TOMRA ATOMIRA <Back Achievements View completed View all གླུ Recons Advers 972 13/32 Traveler Nomad Traveler Recycle at Sectio Explorer Apprentice Recycler 000 Nomad 22#22Location Other Retail Business model expertise across deposit systems Financing Sales & Service model 2 Retailer purchases and takes the ownership of the RVM and TOMRA provides services Ό Upfront equipment revenue return Dearn Recurring service revenues Proven track record Lower risk = 1 8 6 0 Throughput model ETOMITA 2 High recurring Revenue n return ret 900 YOUR 10 REFUND TOMRA owns and operates the RVM and receives a fee per container handled by the RVM O- Swift roll-out Aligned interests Utilize financial strength 23#23Cash flow profiles of the two business models Illustrative cash flow profiles per machine Cash flow Year O Upfront CAPEX TOMRA Higher initial sales Higher recurring revenue Sales & Service Throughput Time 24#24Flexibility and scalability to enable new business models and new market entry TOMRA PRICE Small stores Discounters/Supermarkets 0.1 -0.3 M UBC/year 0.3 -1 M UBC/year 1-3 M UBC/year CONTAINER VOLUME Redemption centers, small depots etc. Large depots, counting centers 3-5 M UBC/year 5-15 M UBC/year 15-50 M UBC/year#25Advanced digital platform leveraged across stakeholder groups TOMRA Productivity Gain Consumer Engagement API/Data System Integration DIGITAL PLATFORM Retail Productivity Gain 26#26RHU GIN EI LASIPULLOJA TÄHÄN AUTOMAATTIIN, KIITOS TOMRA URKO vipullot. Ei lasial Endast för tomma burkar och plastfle a! AUKI Muovipullot Tolkit Easi AVAA LUUKKU 27#27Reimagining Recycling Together CHMILW return eam refum Ma RVM Kiosks 感 PLASTIC, CANS & CARTONS EFUND turn your ntainers BEE க onate your fund Reverse Vending Centres Automated Depots Over the Counter ERS: ade from: and have the for a refund Ri CLEAN D LOOP RE Single RVMs Pitt Town Maraylya stern Creek: Glenorie Fiddletown Arcadia Annangrove IGA Old Toongabbie Address:56 Fitzwilliam Rd Galston Natio x Opening hours:Monday to Sunday 8am to 8pm. Glass Open Blacktown 89 Plastics & Cans Almost full Parramatta AS 40 Wetherill Pa Bossley Park Merryland Sydney Olympic Park Lidcombe AG Cabramatta A22 Scheme App CLING 28#28Current supply chain with country origin on purchased material Norway Sweden China Taiwan Global Supply Chain Optimize global sourcing and production set-up The goal Poland Germany Support the market demands both on capacity and flexibility Capable of annual delivery of up to 30.000 RVMS Dual sourcing strategy in focus to reduce risk and exposure (increase European sourcing) 29#29Our Big Hairy Audacious Goal 500 BILLION empty beverage containers handled by TOMRA equipment and collected for clean loop recycling C CLEAN LOOP REC RECYC#30TOMRA Recycling 31#31There is a legislative push and market pull towards a circular economy Overview of legislation for packaging waste at global-level Ellen MacArthur Foundation Global Commitment TOTAL WEIGHT of plastic packaging in metric tonnes in 2020 RECYCLED CONTENT % of post-consumer recycled content weight in plastic packaging Legislative overiew: Packaging waste legislation in place, high performance Packaging waste legislation planned (within 3 years) Packaging waste legislation in place, performance issues Packaging waste legislation not in place/not sufficiently enforced. Extended Producer Responsibility policy is a key element, complemented by quotas, taxes, bans, and mandatory recycled content targets. https://www.rolandberger.com/en/Insights/Publications/Packaging-sustainability-2030.html Roland Berger 30% Nestlé 1,267k 2% 4% +2 Food 25% PepsiCo Beverages 2,350k 3% 5% 25% Unilever 690k 1% +10 Household and personal care 11% 25% The Coca-Cola Company" 2,961k 9% +2.5 Beverages 11.5% 30% Mars, Incorporated Food 179k 2% 0% =0 L'Oréal Cosmetics 50% 138k 4.7% +11.1 15.8% Several strong commitments have been made; however, brands are still far away from reaching them. https://ellenmacarthurfoundation.org/global-commitment/overview 32#32EU member states need to meet PPWD¹ targets for plastic recycling 1 Packaging and Packaging Waste Directive TOMRA Packaging waste including EPS [Ton] 300 000 250 000 Target 2025=50% recycling Target 2030=55% recycling Example: Norway 200 000 150 000 100 000 50 000 2014 2015 2016 Total waste generated EU target 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Material recycled Material recycled, new measurement point Source: Utkast til høringsnotat med konsekvensutredning, Miljødirektoratet, February 27th 2020 34#33Strong commitment from the industry to use recycled polymers Selected global commitments (non-exhaustive) "Our ambition is to use 1 million tons of plastic waste a year in our global chemical plants by 2025" 1 million tons lyondellbasell Advancing Possible "Produce and market 2 million tons of recycled and renewable based polymers annually by 2030" 2 million tons ΘΗ OMV "Produce 2 million tons of sustainable (includes recycled and biobased) polyolefins by 2030" 2 million tons DOW "By 2030, Dow will enable 1 million tons of plastic to be collected, reused or recycled through its direct actions and partnerships" 1 million tons + others TREATMENT OF END-OF-LIFE PLASTICS IN EUROPE, 2020 TREATMENT OF EUROPEAN END-OF-LIFE PLASTICS, 2020 MILLION TONNES 45 0.6 TOTAL RECYCLING RATE, EUROPE AND OVERSEAS. 6.7 (15%) 5.6 LANDFILLED OR INCINERATED FOR ENERGY RECOVERY. EXACT SPLIT NOT KNOWN. 38 (84%) 14 4% EXPORTED FROM EUROPE 1.6 million tonnes of plastics exported, with up to 1 million tonnes recycled (actual number is not known) 12% RECYCLED IN EUROPE 5.6 million tonnes recycled plastics produced in Europe, out of 8.6 million tonnes sent for recycling 30% LANDFILLED IN EUROPE The higher waste volumes estimated in this study imply that twice as much plastic is landfilled as the industry estimate of 6.9 million tonnes in 2020 24 54% INCINERATED/ENERGY RECOVERY IN EUROPE Assuming the same split of landfill and incineration estimated by Plastics Europe for 2020 Consistent with European Environment Agency estimates that 20-30 million tonnes of plastics are burnt each year https://materialeconomics.com/publications/europes-missing-plastics#34Sorting is essential for a circular economy Waste sorting segment Recover materials for recycling from both source separated and mixed household waste Recycling segment Upgrade material to pure fractions for high quality recycling Segment share of installed base Segment share of installed base Mining segment Recovery and ore sorting to reduce environmental impact Segment share of installed base TOMRA 65% Plastics Metal Other 25% Plastic Metal Other 10% Ore 36#35How does sensor-based separation work? Feeding of unsorted material High-tech sensors to identify objects 5 Jag + מאת Product specific equipment design often including multiple technologies to maximize sorting efficiency High-speed processing of information (material, shape, size, color, defect, damage and location of objects) Precise ejection by ultra fast air jets 37#36A broad sensor-based technology portfolio EM LED IRT VIS XRT LIBS ELECTROMAGNETIC SENSOR (EM) Electro-magnetic properties like conductivity and permeability LED SPECTOMETRY (LED) RECYCLING FOOD X X Color and spectral properties based on multiple LED light sources in very high optical resolution X X NEAR-INFRARED SPECTROSCOPY (NIR) Specific and unique spectral properties of reflected X X NIR light in the near-infrared spectrum VISIBLE LIGHT SPECTROMETRY (VIS) Specific and unique spectral properties of reflected light in the visible spectrum X X X-RAY TRANSMISSION (XRT) X X Atomic density irrespective of surface properties and thickness LASER INDUCED BREAKDOWN SPECTROSCOPY (LIBS) Elemental composition X X-RAY FLUORESCENCE (XRF) Elemental composition INFRARED TRANSMISSION (IRT) Density and shape properties by light absorption IR CAMERA (IR) X X Heat conductivity and heat dissipation LASER XRF COLOR CAMERA (COLOR) COLOR X X IR Color properties measured in very high optical resolution LASER REFLECTION/FLUORESCENCE (LASER) X X TOMRA Structural, elemental and biological properties by reflection, absorption and fluorescence of laser light 38#37Automation with TOMRA units Focus on the PET stream NIR for packaging waste Baler PP Mixed Paper cleaning PE Colored PE Natural ONP Cleaning PET Packaging ONP Double Deck Screen Ballistics (removing films) Manual sorting for oversize materials Input Sorting of Municipal Solid Waste, Cyprus 39#38Our solutions enable recovery of recyclables from different waste streams TOMRA AUTOSORT TOMIRA AVL Leipzig, Germany TOMRA Mixed Waste Sorting Plant IVAR, Norway TOMRA TOMRA EFF A modern packaging sorting plant can contain up to 60 NIR sorters TOMRA Our solutions can also recover valuables from residual waste streams 40#39The concept of sensor-based sorting in mining Mining process: Industrial minerals Run of Mine (ROM) Mining process: Metal mining Run of Mine (ROM) Primary Crushing Secondary Crushing Sensor Based Sorting Product Current segment Waste Primary Crushing Sensor Based Sorting 15% to 50% of the ROM can be rejected in an early stage of the process (application dependent) These low grade waste rocks don't need to be transported, crushed, grinded or further treated Beneficiation Plant: Milling Screening DMS Flotation Product Waste Tailings (fines) Potential new segment 41#40The essential nature of mining means that the industry needs to make a leap towards a more sustainable future 1700 Pd Rh Ta Te U Ru In K LI Nb P Re Pt Si Th Τι Pt Si Th TI Ge Sn 5 W Sn W Mg Mo Ni Sn W Mg Mo Ni Cu Mn Pb Cu Mn Pb Co Cu Mn Pb Cd Fe CT Ca Fe Fe Al REE Fe Al REE Ag 1800 1900 2000#41Our ore sorting solutions enable the mining industry to reduce their footprint Ore sorting is used to: Reduce operational impact and footprint by splitting the "good" and the "bad" materials early in the process Extend the lifetime of a mine Reclaim valuables for stock piles VALUE-ADD: EFFECT OF SENSOR-BASED SORTING (SBS) ENVIRONMENT COST & PRODUCTIVITY Decreased energy consumption (Transport, pumping & dewatering, disposals) Decreased water consumption [Cooling, transport in the process) Reduced carbon footprint Decreased Transport cost Chemical usage decrease ✓ (Flotation reagents, acid for leaching and cyanide) Reduced tailings (fine particles) Productivity increase [De-bottleneck conventional process) Lifetime of Mine increased Waste into value [Create sellable product) Legislation Reduced cut-off grade [Higher dilution in the mine, process marginal dumps) SAVINGS 15 kWh saved per ton of material 2% to 3% of the world energy consumption is used for crushing, screening and milling 3 to 4 m² water saved per ton of material CO2/Green counter, 7.5 kg per ton of material sorted TOMRA Sorters saved ~124,000 metric tons of CO2 in 2018 Costs down €0.30/ton/km A few grams up to a few kilos per ton • 3 m² tailings volume per ton (2 m² material plus 1 m³ water) • Per ton of waste 1 additional ton of ore production 30-50% longer life of a mine The coarse waste rejected can be sold (for a low price) Up to 3 years quicker approvals 30-50% more reserves#42Our technology and innovations continue to push the boundaries of the recycling sorting market. New segments for automated sorting Increase of automation and performance Capacity growth Total recycling sensor-based sorting equipment market: ~400 million EUR Out of scope for TOMRA addressable market: other non-sensor-based sorting equipment (magnets, ballistics, eddy currents), other waste processing equipment # of installed machines >5,000 1,000- 5,000 Revenue from sensor-based sorting Waste Sorting Plastic Flake Metal and Ore Sorting PELLENC ST sesotec STEINERT 0-1,000 UNIsensor Sensorsysteme GmbH MEYER BUHLER REDWAVE BE TAIHO 泰重 AMP ROBOTICS ZENгOBOTICS MOGENSEN binder+co 10-25 markets 25-50 markets Geographic presence 1 >50 markets 44#43Our solutions close the loop by enabling high quality recycling Plastics We are actively pushing the • boundaries of plastics recycling by: • Demonstrating advanced mechanical recycling Supporting chemical recyclers Wood sorting Textile sorting Alloy sorting We are investing into the development of solutions for new segments 45 45#44We have two strategic priority areas. Accelerate growth Provide leading solutions and innovations Increase the recovery Enable high quality closed of recyclables loop recycling Utilize cutting edge sensor technology Exploit the power of deep learning Deep market expertise and partnership Develop digital solutions & services#45We are here to enable closed loop recycling solutions - material stream by material stream Our commitment towards plastic packaging by 2030 30% of post-consumer plastic packaging is recycled in a closed-loop 47#46TOMRA Food 48#47Robust drivers supporting the market North America, Europe and Oceania Latin America Asia and South Africa Automation Potential (illustrative) Potential О Current level TH O Population growth and rise of the middle class Continued loss and waste of food Shift to automation and digital tools Cyclical investments in different categories, regions and seasons 49#48TOMRA Food with a strong value proposition Why Automate Why TOMRA Bu Food safety Quality improvement Yield increase to Reduce labor Cost savings Minimize food loss and waste TOMRA Know-how Expertise to transform the food industry Technology Best-in-class sorting and grading solutions, and digital insight Partnerships With local understanding, global know-how and long- term relationships 50#49Food Categories Potatoes Nuts & Dried Fruit Vegetables Apples Citrus Berries TOMRA Cherries Fresh Cut Avocados Kiwifruit Grains & Seeds 51#50Three ways of sorting within the Food segment Chute or Channel sorter Free fall (Channel / Chute) Application Seeds, rice, grains Sensor tech. Camera (simple) Belt Application Sensor tech. Prepared/preserved veg. and fruit Several (complex) Infeed shaker or hopper (unsorted) 2 BSI module 3 Lasers 4 Precise air guns 5 Accept/reject On belt inspection Lane Application Fresh produce Sensor tech. Several (medium) TOMRA 1 Infeed belt (unsorted) 2 Cameras 3 Lasers 4 Precise air guns 5 Accept/reject ............ Lane grading 2 3 Acumulation Conveyor 2 Singulation Conveyor 3 Acceleration Conveyor Roller Rotation Units 5 Pulsed LEDs and Cameras 6 Air Jets 7 Specified Grade 52 52#51TOMRA has established the broadest footprint within food sorting TOMRA Free fall SK Rice, Seeds & Kernels TOMRA TOMERA NDF Nuts & Dried Fruit CHANNEL CHUTE TOMBA BULK SORTING Belt PFV Processed Fruits, Veg & Potatoes TOMRA TOMRA BELT AIR Fresh Fruit, Vegetables & Potatoes Lane LANE/MULTI-DROP SINGULATED SORTING spectrim inspectra2 *Approximately 5% of annual global sorter sales revenue comes from other segments, like confectionary 53#52We are addressing approximately 60% of the total food sorting and grading market Market position and addressable market Nuts & dried fruit Global food processing and machinery industry Sorting and grading market Addressable market Processed fruit & veg Fresh fruit & veg Other* Out of scope for TOMRA: • Low-cost and low-tech color sorting • Limited automation markets Estimated value of addressable market ~1.2 billion EUR High-capacity sorting with complex object sort in relevant categories *includes protein, pet food, confectionary, etc. 54#53Leading position globally Total Food Sorting and Grading Market: ~1.5-2.0 EURbn Addressable Food market: ~1.2 EURbn TOMRA 2021: ~0.3 EURbn # of installed machines >3k 1-3k BUHLER II MEYER TAIN Chute DAEWON GSI CUMBRIA SATAKE KEY Technology SORTEX TOMRA 0-1k Optimum SORTING Belt 10-25 markets insort 「루ㄷ MaF RODa NEWTEC Ser.mac GREEFA gpgraders REEMOON AWETA UNTI Wo work for your results ellips NEST LEVEL GRADING 25-50 markets Geographic presence Lane >50 markets 55 Size of bubble = Estimated revenue from sensor-based sorting and related peripherals within the addressable market#54Leading technology TOMRA Sorting & Grading 业 1. PROCESSED FOOD INDUSTRY OF SORTING AND PEELING SOLUTIONS TOMRA Data & Analytics 2. FRESH PRODUCE TURNKEY SOLUTIONS FOR SORTING, Infeed & Treatment Materials Han Packing Service & Support Artificial Intelligence 56#55Our food sorting customers PROCESSED FOOD INDUSTRY BLUE DIAMOND ALMONDS Tyson FRESH PRODUCE INDUSTRY S PEPSICO KINGS RIVER SUN ORCHARD utz Paramount Farms Pistachios & Almonds ConAgra Foods BAKKAVOR SUN-MAID McCain Bonduelle Nestle SUNSWEET SPC ARDMONA Heinz Del Monte Baxters Simplot FOOD GROUP Quality BRANSTON Pom Alliance ardo о APPLES UNIVEG Cycle of Freshness FAMILY OWNED Easterday GROWN AND SINCE 195 SCHOONBEE LANDGOED unparalleled quality halos Calavo CRASBORN EP EastPack WWWORLD CLASS ORCHARD TO MARKET Wonderful citrusTM costa fresh is our passion Del Monte) Quality WASHINGTON ZUR GROUP Austral Fruit Trevelyan's where growers come first naturipe BERRY GROWERS, INC. SINCE 1917 United exports generation FARMS- Driscoll's MrAPPLE NEW ZEALAND FRUIT & PRODUCE CO. Only the Finest Berries Primavera AGRICOM ECO-FARMS FRUIT TITAN CERTIFIED ORGANIC 天天果园 FARMS Sunkist FowlerPacking Zespri Kiwifruit TotalBerry WEST PAK Gourmet. AVOCADO, INC. Zirkle FRUIT COMPANY TOMRA 57#56Clear strategic direction and priorities Maximize Growth Operational Excellence 58#57Core Maximize growth Anchor North America Accelerate Europe Expansion Grow market share Services and digital Increase recurring revenues Deliver advanced digital solutions Plant DEF 59#58FEDES 15 Catinut Min KATO Asy and clean Operational excellence Productivity Continuous improvement Scale and synergies Technology management Modularization Digital Supply chain optimization Go-to-market Global sourcing and resilience Customer focus Customer engagement Value proposition 61#59Every Resource Counts. 50% Post-harvest food loss reduction by 2030#60TOMRA Corporate strategy and sustainable growth 63#61Group financials development - solid track record MNOK Revenues 12 000 10 000 8 000 6 000 ΧΙΟΝΙ 4 000 2 000 0 2011 TH 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 EBITA and margin 2 000 1 800 1 600 1 400 1 200 1 000 800 600 400 200 ΧΙΟΝΙ Gross contribution and margin 5 500 5 000 4 500 4 000 3 500 50% 45% 40% 35% 30% 3 000 2 500 25% 20% 0 2 000 1 500 1 000 500 H 15% 10% 5% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Earnings per share 8,00 20% 18% 7,00 16% 6,00 14% 12% 10% 8% NOK per share 5,00 4,00 3,00 6% 2,00 4% 1,00 2% 0% 0,00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 64 Does not include discontinued operations (California divested 2011 and Orwak divested 2014), except for EPS#62Accelerating growth in our core business Strategic priorities Growth focus Supply chain resilience Innovation Digital solutions Engage policy makers M&A Collection New deposit markets Product driven innovation in existing markets Recycling Grow with market Push market boundaries with technology Food Market share and geographic expansion within key categories Customer centric Technology to unlock new segments Portfolio optimization#63Our strategy is built on organic growth with the main engine being the core business We have a solid market and capital position, and we will utilize this platform to develop adjacent business Accelerate growth in core Develop adjacent business 66 99#64Ideally positioned to develop adjacent opportunities 22 TOMRA's competitive edge, market position and technology can be applied in areas beyond our current operations Strong macro trends and emerging business models within circular economy and resource efficiency 67#65What are we looking for Business models with the potential to become a sizeable business, ripe for scaling over the next few years Opportunities where TOMRA has a competitive advantage to succeed Potential for strong capital returns and steady-state profitability in line with TOMRA's targets 68#66Enabling automation in textiles recycling Digital business models Collection systems for reusable packaging Examples of what we are exploring Closing the gap in plastic recycling#67The gap in plastics recycling Majority of plastics are lost today Demand for recycled plastics Å • In Europe alone, 24 million tons of plastics are lost to incineration and 14 million tons to landfill The volume of each waste plant and incinerator is too low for sophisticated sorting to ensure the quality and fractions required for recycling GAP Already a strong demand for recycled plastics will increase significantly in the next few years (more than 10 million tons from major plastic producers) Mechanical and chemical recyclers need an individual polymer fraction at sizeable volumes to justify investments TOMRA 70 0#68Suppliers Closing the circularity gap Customers ㅁㅁ Mixed plastics fraction needs to be made available by incinerators, landfills, and other sources TOMRA TOMRA Connecting the value chain Sorted polymer fractions (e.g., HDPE, PS, PP, etc.) to be supplied to recyclers with the right quality 71#69Recycling and Food Connected Sorters TOMRA Insight Users 01/2018 01/2019 01/2020 01/2021 01/2022 Connect to POSSIBILITIES TOMERA ITOMRA INSIGHT#70TOMRA Our strategy is to accelerate growth in core business and develop adjacent opportunities 73#71Accelerate growth in core Develop adjacent business Our ambitions going forward 74#72...in a world that needs change how fast can we at TOMRA go and what would it take? TOMRA#73We aim to accelerate growth to 15% and reach 18% EBITA margin by 2027 Revenue growth EBITA Accelerate growth in core margin Mitigate inflationary pressure 15% Develop adjacent business at Efficiency and business mix CAGR 18% Important note: financial ambitions should not be inferred as guiding 76#74Our dividend policy NOK billions 2.0 Operating cash flow growth of 15% CAGR 15% Dividend 1.5 payout 1.0 Solid operating cash flow 1.8 1.7 1.3 0.5 1.0 1.0 40-60% Moderated capital needs in core 0.0 0.1 of EPS -0.5 -0.7 -0.6 -0.5 -0.5 -0.5 -0.4 -0.4 -1.0 -1.5 2017 2018 2019 2020 2021 Cash Flow from Operations Capex Divestures/Acquisitions#75Our ambition is to keep an investment grade status Capital structure Low gearing and financial risk Investment grade Target green bonds for financing A- Scope Ratings June 2022 Financial Risk Profile A Business Risk Profile BBB+ Green Bond Framework 78#76LEAD THE RESOURCE REVOLUTION While BECOME A FULLY CIRCULAR BUSINESS And being BE SAFE, FAIR, AND INCLUSIVE TOMRA Double the avoided emissions enabled by TOMRA products in use Commitment to net zero emissions and setting science-based targets (to be externally verified by 2024) 100% renewable electricity >80% reduction in operational transport emissions B >90% sustainable materials and components in all new products ii¿ >50% of our products are circular at the end of their life Strive for zero work-related injuries and illness by providing a safe place for people and the environment Attract diverse talents from all the colorful facets of humanity, with a goal of 50% women and men joining annually Grow female representation in senior management to >30% Improve employee satisfaction and engagement with top quartile NPS Score *timeline 2030 unless otherwise stated 12 79#77EU Taxonomy - preliminary¹) assessment 60% O TOMRA Collection and transport of non-hazardous waste in source segregated fractions Climate change mitigation Material recovery from non-hazardous waste (a) climate change mitigation (b) climate change adaptation (c) sustainable use and protection of water and marine resources (d) transition to a circular economy Manufacture of machinery enabling closed- loop systems, and high-quality waste collection and waste management²) ACTIVITIES Transition to a circular economy OBJECTIVES (e) pollution prevention and control (f) protection and restoration of biodiversity and ecosystems TOMRA 1) The assessment of Taxonomy-aligned activities is a preliminary indication, and it might change 80 2) Based on the draft criteria presented for public consultation by the Platform on sustainable finance (https://ec.europa.eu/info/publications/210803-sustainable-finance-platform-technical-screening-criteria-taxonomy-report_en), which is not an official Commission document#78TOMRA Our ambitions 2022 2027 Revenue growth EBITA margin Dividend payout Capital structure Net Zero 15% at 40-60% Investment CAGR 18% of EPS grade Holistic sustainability strategy 81#79Shareholder structure Top 10 shareholders as of 30 September 2022*) Shareholders by country**) 1 Investment AB Latour 62 400 000 21,1 % 2 Folketrygdfondet 20 600 789 7,0% 3 APG Asset Management 14 220 630 4,8% 26% 30% 4 BlackRock 9 841 337 3,3% 5 Swedbank Robur Fonder 7 762 005 2,6% 6 Vanguard 6 795 188 2,3% 3% 7 Handelsbanken 4% 16% 6 719 213 2,3% 6% 8 Candriam 6 544 633 2,2% 6% 10% 9 AllianceBernstein 6 080 808 2,1% 10 Impax Asset Management 5 207 880 1,8% ■ Sweden Sum Top 10 United States 146 613 699 49.5% 149 426 457 50.5% ■United Kingdom ■ Belgium ■ Norway ■Netherlands ■France ■ Other Other shareholders TOTAL (11.812 shareholders) *) ultimate ownership accounts based on available information 296 040 156 100.0% ownership data includes nominee accounts Source: IPREO, VPS 82 22#80TOMRA is uniquely positioned along global megatrends We have set bold ambitions to double our business in the next five years Accelerate growth in core Develop adjacent business 83#81For a sustainable planet for generations to come 84 ==#82we have an obligation to grow 85#83Copyright 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 Document may be reproduced or used in any form without express written prior permission from TOMRA Systems ASA and applicable acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction Disclaimer This Document (which may be a presentation, video, brochure or other material), hereafter called Document, may include and be based on, inter alia, forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. The content of this Document may be based on current expectations, estimates and projections about global economic conditions, including the economic conditions of the regions and industries that are major markets for TOMRA Systems ASA and its subsidiaries and affiliates. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects", "believes", "estimates" or similar expressions, if not part of what could be clearly characterized as a demonstration case. Important factors that could cause actual results to differ materially from those expectations include, among others, changes in economic and market conditions in the geographic areas and industries that are or will be major markets for TOMRA Systems ASA. Although TOMRA Systems ASA believes that its expectations and the Document are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Document. TOMRA Systems ASA does not guarantee the accuracy, reliability or completeness of the Document, and TOMRA Systems ASA (including its directors, officers and employees) accepts no liability whatsoever for any direct or consequential loss arising from the use of this Document or its contents. TOMRA Systems ASA consists of many legally independent entities, constituting their own separate identities. TOMRA is used as the common brand or trademark for most of these entities. In this Document we may sometimes use "TOMRA", "TOMRA Systems", "we" or "us" when we refer to TOMRA Systems ASA companies in general or where no useful purpose served by identifying any particular TOMRA Company. 86#84TOMRA www.tomra.com