#1TOMRA Systems ASA 24 February 2023 © TOMRA TOMRA Investor Presentation#2TOMRA 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.#35000 EMPLOYEES GLOBALLY Collection TOMRA Publicly listed on Oslo Stock Exchange (OSEBX: TOM) Recycling 12.2 BILLION NOK REVENUES IN 2022 Food#4Our transformation journey 2005 COLLECTION 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 TOMRA acquires Commodas - a leading supplier within the field of sensor-based products for mining and metal recycling. 2000 100% 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. 2012 FOOD 2016 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 2004 2008 2012 2019 2022 5% 18% 40% 30% 50% 51% 50% 82% 95% 60% 19% Collection ■ Collection ■ Collection ■Sorting TOMRA ■Sorting ■Collection ■Sorting ■ Collection ■ Collection ■Sorting ■Recycling ■ Food LEADING THE RESOURCE REVOLUTION 4#52.7 billion NOK 12.2 billion NOK FOOD RECYCLING COLLECTION We have built a broad business platform... while keeping a strong entrepreneurial spirit 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 TOMRA Revenues#6Creating value through three divisions TOMRA Collection ~2,600 Employees 2022 Revenue TOMRA Recycling 2022 Revenue TOMRA Food 2022 Revenue 51% 19% 30% Customers Grocery retailers, bottlers, deposit scheme coordinators ~800 Employees Customers Waste management, material recovery plants, recyclers ~1,600 Employees Customers Food growers, packers, processors & cooperatives 6#7TOMRA's global presence Installed base ~105,000 TOMRA EMEA ~75,000 Americas ~22,000 Asia Pacific ~8,000 Collection Recycling Food EMEA ~63,000 ~6,300 ~5,600 Americas EMEA Asia pacific Americas ~14,000 ~1,400 ~6,300 TOMRA's presence TOMRA's presence TOMRA's presence Asia Pacific ~5,000 ~1,300 ~1,900 TOMRA's representation TOMRA's representation TOMRA's representation Total ~82,000 ~9,000 ~13,800#8TOMRA Collection 10#9TOMRA Global leader in reverse vending Represented in more than 60 countries We are technology leader globally 50 years of experience 82 000 machines in operation Collecting 45 billion containers a year 6.2bn NOK revenues 11#10An overview of current deposit markets Yukon (1992) British Columbia (1970) Oregon (1972) California (1987) Hawaii (2005) TOMRA Northwest Territories (2005) Quebec (1984) Newfoundland Ontario (2007) (1997) Norway (1999) Iceland (1989) 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) Michigan (1978) Northern Territory 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#11Upcoming deposit markets Quebec: Deposit system to be modernized 2023 Connecticut: Expansion of existing deposit system in 2024 Ireland: Deposit system to be implemented in 2024 The Netherlands: Deposit system extended January 2023 Scotland: Container deposit scheme planned to start 2023 Hungary: Deposit system to be implemented 2024 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. Austria: Deposit system to be implemented 2025 Romania: Deposit system to be implemented 2023 Victoria and Tasmania: Deposit system to be implemented in 2023 New Zealand Deposit system proposed for 2025#12We are driving the market momentum through global advocacy work aiming to achieve best practice deposit systems and generate demand through innovations AUS EUROPE NORTH AMERICA ASIA Collection targets for plastic beverage bottles 77% 90% 2025 2029 ✓ Targets for recycled content in plastic beverage bottles 25% 30% 2025 2030 Continued work with governments to implement best practice deposit legislation LATIN AMERICA AFRICA Innovate solutions that trigger modernizations and increased demand 14#13Germany 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% Source: Reloop, The Guardian, Le Parisien, USAD 15#14The 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#15Reinvestment of unredeemed deposits and material revenue within the system 100% Profit and loss overview of Norway's Central System Administrator (2019) 14% 13% 49% In Norway over 80% of the system's costs are covered by unredeemed deposits and material revenue 90% 80% 70% 60% 25% 50% 40% 30% 48% 20% 10% 0% 35% Handling fees Transport Other production costs Admin/marketing/depreciation Unredeemed deposits Material sales Expenses 8% 38 8% Other revenues EPR fee Revenue#16Legislative outlook supports new and expanded Deposit Return Scheme (DRS) markets towards 2030 Canada provinces US states (+) Expansion and modernization * Single Use Plastic Directive 11 Potentially first one-way DRS in Latin America First full DRS continent Singapore as launchpad in South-East Asia 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#17Europe 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#18Strong 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 Existing DRS markets* EU countries In addition, some markets have refillable deposit systems such as: Austria, Belgium, Czech Republic, France, Hungary and Poland 20#19Preferred partner in reverse vending solutions TRUSTED PARTNER SERVICE NETWORK INNOVATION SOLUTIONS CHAMPION PORTFOLIO # of installed RVMs >80 000 10 000- 80 000 5 000- 10 000 trautwein sb technik Jieloff REMONDIS RE DEPOSIT 500- 5 000 <500 1-10 11-20 Source: TOMRA estimates and analysis envipco RVM 21-30 31-40 >40 Number of RVM markets 22 21#20Customer 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 TOMBA OPEN Recycle here Democenter Tomra 2 MACHINES HAS STOPPED! Mac model H1 T70 dual Machine model 170 3700000 T9 Left Model 19 Serial 926001320 TOMRA Recycle here The reset button is not pressed The machine is temporary The small footprint reverse vending machine from the global leaders STATUS STATISTICS * Achievements View completed View all TOMRA TOMRA Achievements 972 13/32 Traveler Nomadi Traveler cycle location Apprentice Recycler 000 Explorer Nomadi 22#21Business model expertise across deposit systems Financing Retail Sales & Service model Location Other 2 Retailer purchases and takes the ownership of the RVM and TOMRA provides services Upfront equipment revenue return earn Recurring service revenues Proven track record Lower risk n retum ret 900 PLASTIC BAGS Throughput model High recurring Revenue ETOMIA 12 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#22Cash 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#23TOMRA Flexibility and scalability to enable new business models and new market entry PRICE Small stores Discounters/Supermarkets Redemption centers, small depots etc. Large depots, counting centers 0.1 -0.3 M UBC/year 0.3 -1 M UBC/year 1-3 M UBC/year 3-5 M UBC/year 5-15 M UBC/year 15-50 M UBC/year CONTAINER VOLUME#24Advanced digital platform leveraged across stakeholder groups TOMRA Productivity Gain John i Consumer Engagement API/Data System Integration DIGITAL PLATFORM Retail Productivity Gain 46 26#25RHU GIN EI LASIPULLOJA TÄHÄN AUTOMAATTIIN, KIITOS TOMRA URKO vipullot El lasial Endast for tomma burkar och plastfla AUKI a! Muovipullot Tolkit Lasi Hutan AVAA LUUKKU 27#26Reimagining Recycling Together retum earn retur Me REDON PLASTIC CANS & CARTON • • EE RVM Kiosks Reverse Vending Centres Automated Depots Over the Counter FUND turn your ntainers க onate your fund ERS: ade from: and have the for a refund LEAN LOOP Single RVMs Pitt Town Maraylya Annangrove IGA Old Toongabbie Glenorie Fiddletown Arcadia Galston Be Natic x Address:56 Fitzwilliam Rd. Opening hours: Monday to Sunday 8am to 8pm. Glass Open Plastics & Cans Almost full stern Creek) Blacktown Wetherill Par Bossley Park Cabramatta 4 Merrylan Sydney Olympic Park Lidcombe Strathfi R Scheme App RECYCL 28#27Current 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#28Our Big Hairy Audacious Goal 500 BILLION empty beverage containers handled by TOMRA equipment and collected for clean loop recycling C CLEAN LOOP REC RECYC CLI#29TOMRA Recycling 31#30There 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 Food 2% 4% +2 25% PepsiCo Beverages 2,350k 3% +2 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 0% 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 32#31EU member states need to meet PPWD¹ targets for plastic recycling 1 Packaging and Packaging Waste Directive TOMRA Packaging waste including EPS [Ton] 300 000 Target 2025-50% recycling Target 2030=55% recycling Example: Norway 250 000 200 000 150 000 100 000 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#32Strong commitment from the industry to use recycled polymers TREATMENT OF END-OF-LIFE PLASTICS IN EUROPE, 2020 TREATMENT OF EUROPEAN END-OF-LIFE PLASTICS, 2020 MILLION TONNES 45 0.6 1 TOTAL RECYCLING RATE, EUROPE AND OVERSEAS. 6.7 (15%) 5.6 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" million tons lyondellbasell Advancing Possible "Produce and market 2 million tons of recycled and renewable based polymers annually by 2030" 2 million tons OMV DOW Ⓡ "Produce 2 million tons of sustainable (includes recycled and biobased) polyolefins by 2030" 2 million tons "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 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#33Sorting 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 Ore sorting 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#34How does sensor-based separation work? Feeding of unsorted material High-tech sensors to identify objects Automated sorting process using different sensors for different sorting tasks DS Jeg + + 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#35A broad sensor-based technology portfolio EM LED IRT VIS XRT LIBS LASER XRF COLOR IR TOMRA 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 COLOR CAMERA (COLOR) X X Color properties measured in very high optical resolution LASER REFLECTION/FLUORESCENCE (LASER) X X Structural, elemental and biological properties by reflection, absorption and fluorescence of laser light 38#36Automation with TOMRA units Focus on the PET stream NIR for packaging waste Baler PP Mixed Paper cleaning PE Colored ONP Cleaning PE Natural PET Packaging ONP Double Deck Screen Ballistics (removing films) Manual sorting for oversize materials Input Sorting of Municipal Solid Waste, Cyprus 39#37Our solutions enable recovery of recyclables from different waste streams 5935 TOMRA AUTOSORT TOMRA EFFE TOMA 401 AVL Leipzig, Germany TOMRA Mixed Waste Sorting Plant IVAR, Norway TOMA A modern packaging sorting plant can contain up to 60 NIR sorters Our solutions can also recover valuables from residual waste streams TOMRA 40 40#38The essential nature of mining means that the industry needs to make a leap towards a more sustainable future Run of Mine (ROM) Crushing Sensor Based Sorting Product Waste 15% to 50% of the ROM can be rejected in an early stage of the process (application dependent) low grade waste rocks don't need to be transported, crushed, grinded, or further treated 1700 Sn W Fe Cu Mn Pb C Ca Fe 1800 Pt S Th Ti V Sn W Mg Mo Ni Cu Mn Pb Co Cr C Ca Fe Al REE Pd Rh Ta Te U Ru In KUNb P Re Pt Si Th Ti V Ge Sn W Mg Mo Ni Ga Cu Mn Pb Co Cr Cd C Ca Fe Al REE Ag 1900 2000#39Our ore sorting solutions enable the mining industry to reduce their footprint Ore sorting is used to: Reduce operational footprint by splitting the "good" and the "bad" materials early in the process Extend the lifetime of a mine Reclaim valuables for stockpiles 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#40Our 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 Recycling sensor-based sorting equipment market 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 STEINERT IIIPELLENC ST sesotec 0-1,000 UNIsensor Sensorsysteme GmbH MEYER BUHLER BE TAIHO 泰重 AMP ROBOTICS ZENгOBOTICS REDWAVE MOGENSEN binder+cσ 1 10-25 markets 25-50 markets >50 markets Geographic presence 43 33#41Our 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 44#42We 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#43We 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 46#44TOMRA Food 47#45Robust drivers supporting the market TH Population growth and rise of the middle class North America, Europe and Oceania Latin America and South Africa Automation Potential (illustrative) Potential О Current level Asia Continued loss and waste of food Shift to automation and digital tools Cyclical investments in different categories, regions and seasons 48 888#46TOMRA 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 49#47We 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. 50#48Our Technology... 51 Camera Spectroscopy Digital Pulsed LED Laser X-ray#49...are detecting a wide range of parameters Foreign Material Removal of foreign material in a material stream, e.g. insects, glass, metal, wood & plastics Blemishes Objects with spots or other (small) blemishes are removed 52 52 Toxins Removal of produce contaminated with aflatoxin Structure Removal of soft, molded or rotten food Biometric Characteristics Sort based on chemical composition such as water, protein content, sugar content (Brix) and dry matter Shape & Size Sort on length, width, diameter, area, broken- piece recognition Color Grading by color or removal of discolorations in mono- and mixed-color material Defects Removal of visible and invisible small and substantial defects Damage Broken, split and damaged objects are detected and removed AIP Fluo Based on the chlorophyll level present in produce defects are removed Density Detection of density differences Visible Invisible Both#50Working principles in Food sorting Air inspection 1 GRADE GRADE 3 2 2000922.08 GRADE Belt inspection 1 .......... 3 1 Infeed Belt (unsorted) 4 Precise air guns 1 Infeed belt (unsorted) 3 Intelligent finger ejectors 2 Cameras 5 Accept/reject 2 Full width NIR and Color 4 Accept/reject 3 Lasers Vision sensors Chute or Channel sorter Xray sorter 1 Infeed (unsorted) 2 BSI+ 3 Laser .......... 4 Precise air guns 5 Accept/reject 5 1 4 Singulated grading 1 2 5 2 5 5 4 1 Infeed (unsorted) 4 Precise air guns 2 Singulation conveyor 1 Accumulation conveyor 5 Cameras and NIR sensors 6 Gentle tipping or air jets 2 X-ray source 5 Accept/reject 3 Acceleration conveyor 7 Specified grade 4 Roller rotation units 3 X-ray detector#51Food technology platforms. Solutions for fresh and processed produce TOMRA A Product Line TOMRA B Product Line TOMRA C Product Line TOMRA X Product Line Peeling Lines TONGRA TOMRA 3A Series TOMRA 5A Series Integrated sorting solutions for fresh produce TOMRA S Product line TOMRA TOMDA TOMRA TOMRA TOMRA TOMGA TOMRA 5B TOMRA 3C TOMRA 5C TOMRA 5X Peeling Small Fruit Sorter and KATO260 Line ULTRAVIEW TOMRA NEON 3 TOMRA 5S Advanced spectrim SPECTRIM CURO16 Single/Dual lane sorter inspectra² INSPECTRA² Small Fruit Sorter KATO260 with LUCAi KETE16#52Leading position globally Total Food Sorting and Grading Market Addressable Food market TOMRA 2022: ~0.4 EUR billion # of installed machines >3k TAIN MEYER Chute DAEWON GSI C(MBR)) 1-3k insort 0-1k BUHLER SORTEX SATAKE KEY Technology TOMRA 「 MAF RODA optimum SORTING NEWTEC Ser.mac GREEFA gpgraders REEMOON AWETA UNTI We work for your results. ellips HEST LEVEL GRADING Belt 10-25 markets 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#53Food Categories Potatoes Nuts & Dried Fruit Vegetables Apples Citrus Berries TOMRA Cherries Fresh Cut Avocados Kiwifruit Grains & Seeds 56#54Leading technology Sorting & Grading PROCESSED FOOD INDUSTRY OF SORTING AND PEELING SOLUTIONS TOMRA TOMRA Data & Analytics RODUCE INDUSTRY TURNKEY SOLUTIONS FOR SORTING, G Infeed & Treatment Materials Han Packing Artificial Intelligence Service & Support 57 52#55Some of our customers 58 Orkla Processed Food Nomad Foods PROPAL® Fresh Food costa fresh is our passion vitafoods BY APPOINTMENT TO THE ROYAL DANISH COURT Royal Greenland Apetit Intersnack Cuties bama FILLMORE PIRU CITRUS SINCE 1897- Viacovelli Wonderful peelź halbe Pria Fruit#56TOMRA Corporate strategy and sustainable growth 59#57MNOK MNOK Revenues 14 000 12 000 10 000 8 000 6 000 4 000 2 000 Group financials development 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 EBITA and margin ΧΙΟΝΙ Gross contribution and margin 5 500 5 000 4 500 4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 0 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Earnings per share 4,00 2 000 1 800 20% 18% 3,50 1 600 16% 3,00 1 400 14% 1 200 1 000 12% 10% 800 8% NOK per share 2,50 2,00 1,50 600 6% 1,00 400 4% 0,50 200 2% 0 0% 0,00 HI 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 60 60 Not including discontinued operations (Orwak divested 2014), except for EPS#58Recycling and Food Connected Sorters TOMRA Insight Users 01/2018 01/2019 01/2020 01/2021 01/2022 01/2023 Connect to POSSIBILITIES TOMBA TOMRA ✓ INSIGHT#59TOMRA Our strategy is to accelerate growth in core business and develop adjacent opportunities 62#60Ideally positioned to develop adjacent opportunities 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 63#61Enabling automation in textiles recycling Digital business models Collection systems for reusable packaging Examples of what we are exploring Closing the gap in plastic recycling#62The 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 65#63Suppliers ㅁㅁㅁ ㅁㅁㅁ Mixed plastics fraction needs to be made available by incinerators, landfills, and other sources TOMRA Closing the circularity gap 1 TOMRA Customers Connecting the value chain Sorted polymer fractions (e.g., HDPE, PS, PP, etc.) to be supplied to recyclers with the right quality 66#64TOMRA 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 52 67#65TOMRA Our ambitions 2022 2027 Revenue growth EBITA margin Dividend payout Capital structure Net Zero 15% CAGR at 40-60% Investment Holistic sustainability 18% of EPS grade strategy 68#66Our ambition is to keep an investment grade status A- Scope Ratings June 2022 Financial Risk Profile A Business Risk Profile BBB+ Green Bond Framework Investment grade#67The Green Bond Principles Use of proceeds TOMRA Green Bond Framework °C ICMA category: Pollution prevention and control Expenditures related to: Collection, sorting and processing of beverage containers • Recovery and upgrading of valuable materials from waste streams for recycling Minimizing the carbon • • • • . . • • Examples of eligible assets: Manufacturing, installation, maintenance, and operation of reverse vending machines (RVMs) Sorting and processing facilities R&D related to the development and design of RVMs Collection systems for reusable packaging Outreach to raise awareness and support for deposit return schemes Software development for waste sorting machines Assembly lines for manufacturing of sorting machines R&D to improve performance or enable sorting of new types of materials (e.g., textiles) Investments in the sorting and processing of post- consumer materials • Renewable energy equipment *CICERO Dark Green Highlights form Cicero Second Party Opinion "TOMRA's RVMs and waste sorting machines are well-aligned with circular economy solutions and a low-carbon future" By improving material recovery for recycling and reuse, TOMRA's RVMs and waste sorting machines are an important contribution to the climate transition, a more circular economy, and improved waste management" "RVM solutions have the potential to limit climate emissions, local pollution, and harmful biodiversity impacts" "TOMRA has significantly strengthened its sustainability strategies" "The overall assessment of TOMRA's governance structure and processes gives it a rating of Good." °CICERO footprint of operations • Clean transportation °C Shades of Green • R&D to increase the use of sustainable materials Good °C Dark Green is allocated to projects and solutions that correspond to the long- term vision of a low-carbon and climate resilient future. Excellent 70 0#68TOMRA Targets for Sustainable Growth Double the avoided emissions enabled by TOMRA products in use LEADING THE RESOURCE REVOLUTION While BECOMING A FULLY CIRCULAR BUSINESS And being SAFE, FAIR AND INCLUSIVE 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 >90% sustainable materials and components in all new products >50% of our products are circular at their end of life Strive for zero work-related injuries and illness in 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 Resource Climate Sustainable Productivity Impact Product Design Employee Value Proposition Supply Chain Sustainability 71 14#69Shareholder structure Top 10 shareholders as of 31 December 2022*) Shareholders by country**) 1 Investment AB Latour 2 Folketrygdfondet 62 400 000 21,1 % 19 738 040 6,7% 3 BlackRock 14 461 568 4,9% 25% 28% 4 APG Asset Management 14 220 630 4,8% 5 Candriam 12 265 935 4,1% 4% 6 Handelsbanken 9 534 039 3,2% 5% 7 Swedbank Robur Fonder 7 762 035 2,6% 6% 16% 8 Vanguard 6% 7 036 234 2,4% 11% 9 Alliance Bernstein 6 306 358 2,1% 10 Impax Asset Management 5 207 880 1,8% ■ Sweden United States Sum Top 10 158 932 689 53.7% ■ Netherlands ■ Norway ■United Kingdom ■ Belgium Other shareholders TOTAL (12 287 shareholders) *) ultimate ownership accounts based on available information 137 107 467 46.3% ■ France ■ Other 296 040 156 100.0% ownership data includes nominee accounts 72 22 Source: IPREO, VPS#70For a sustainable planet for generations to come 73#71we have an obligation to grow 74#72Copyright 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 is served by identifying any particular TOMRA Company. 75#73TOMRA www.tomra.com