#1TOMRA Systems ASA 14 July 2023 © TOMRA TOMRA Investor Presentation#25000 EMPLOYEES GLOBALLY 12.2 BILLION NOK REVENUES IN 2022 TOMRA Creating sensor-based solutions for optimal resource productivity - transforming how we obtain, use, and reuse resources Collection Recycling Publicly listed on Oslo Stock Exchange (OSEBX: TOM) Food#3TOMB OMRA TOMIRA Leading market position TOMRA is uniquely positioned along powerful global megatrends Best-in-class technology TOMRA 50 years of know-how RECYCL TOMRA Purpose-driven employees#4TOMRA 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.#5TOMRA's transformation journey mergers and acquisitions 2004 TITECH TOMRA acquires TITECH, the world's leading provider of optical recognition and sorting technology for the waste industries and TOMRA's transformation journey starts. 2006 Commodas TOMRA acquires Commodas - a leading supplier within the field of sensor-based products for mining and metal recycling. 2011 Sale of Californian material handling business. With the divestment the US operation became less exposed to movements in commodity prices. 2012 BEST 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. 2016 Compac 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. 2005 Orwak TOMRA acquires Orwak Group, a leading provider of compaction for a variety of materials. 2008 Ultrasort TOMRA acquires Ultrasort - specialists in sensor-based mining technology. 2011 Odenberg TOMRA acquires Odenberg, rounding out the offering to include food optimization. 2014 Divestment of Orwak. Further portfolio focus on sensor-base technology. 2018 BBC Technologies TOMRA complements its food sorting portfolio with the acquisition of BBC Technologies, a leading provider of precision turnkey solutions for blueberries and other small fruits. TOMRA Collection TOMRA Recycling TOMRA Food TOMRA#62.7 billion NOK FOOD RECYCLING COLLECTION 12.2 billion NOK 2002 2004 2006 2008 2010 2014 2016 2018 2020 2022 TOMRA Revenues ... We have built a broad business platform... while keeping a strong entrepreneurial spirit#7Creating 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 7#8TOMRA's global presence Installed base ~105,000 EMEA ~75,000 Americas ~22,000 Asia Pacific ~8,000 Collection Recycling Food EMEA ~63,000 ~6,300 ~5,600 EMEA Americas Asia pacific TOMRA's presence TOMRA's presence Americas ~14,000 ~1,400 ~6,300 TOMRA's presence Asia Pacific ~5,000 ~1,300 ~1,900 TOMRA's representation TOMRA's representation Total ~82,000 ~9,000 ~13,800 TOMRA TOMRA's representation#9Each year, at least 8 million. tons of plastics leak into the ocean. That's the equivalent of one garbage truck every minute. The New Plastics Economy World Economic Forum (2016) AND Location: Vacha Dam, Bulgaria#10But the tides are shifting. There's a desire for change... Stop Set lobal Future! IT'S GETTING IN HOTHERE STOP BUR ALL HAT THIE IS A LANED ET RESPECT YOUR MOTE THIS PLAN FUTURE Car & for our THE EU PLASTICS STRATEGY TOMRA EveryBottleBack.org The Coca-Cola Company Keurig DrPepper PEPSICO AMERICAN BEVERAGE ASSOCIATION Consumer demand for responsible plastic use options Legislative push for new plastic waste strategies Market pull from large brand owners and companies#11Today: post-consumer plastic packaging is treated linear instead of circular Source: Ellen MacArthur Foundation 98% Virgin material Recycling of plastics into the same or similar-quality application Dispose 14% Collected for recycling Our ambition by 2030: 40% 2% Closed-loop recycling 8% Cascaded recycling 4% Process losses 30% Make Sell Consume Dispose 32% 40% Leakage Landfill 14% Incineration 78 Million tonnes (annual production) 86% Material lost#12Our experience and technologically advanced solutions help create circular value chains that benefit business and society. TOMRA TOMDA#13TOMRA Collection 13#14TOMRA Collection Transforming society's habits to keep valuable resources in a continuous loop of use and reuse. ~6.2 billion NOK in revenue ~82,000 machines in operation *All the figures are from 2022 CLEAN LOOP REC CLING Collecting 45+ billion containers a year Source: TOMRA.com#15Over 45 billion drink containers collected in 2022 0000000000000000000000000 00000000000000000000000 0000000000000000000000000 0000000000000000000000000 This represents only 3% of all beverage containers.#16Deposit return systems enable Clean Loop Recycling Europe Average PET plastic beverage container return rates. 47% Containers without a deposit 94% Containers with a deposit USA Average beverage container return rates. 27% Containers without a deposit¹ 72% 88% Containers with a deposit¹ Containers in high- performing DRS² Compiled from deposit System Operators and "PET Market in Europe: State of Play," Eunomia. 2020. Data available upon request. 1 Aluminum, Glass, Plastic.. "Beverage Market Data Analysis 2017," Container Recycling Institute. 2020. 2 Michigan and Oregon. Bottlebill.org. 2021#17An 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 17#18Upcoming 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 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. Hungary: Deposit system to be implemented 2024 Romania: Deposit system to be implemented 2023 Austria: Deposit system to be implemented 2025 Singapore: Deposit system to be implemented 2025 Victoria: Deposit system to start in November 2023 New Zealand Deposit system proposed for 2025#19Germany 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 19#20A meaningful deposit value is the strongest driver of results Return rate 100% 90% 80% Return rates compared to purchasing power parity-adjusted deposit values € (2018) Michigan Iceland Finland •Iceland • Sweden ⚫Iceland South Australia Germany Germany Lithuania Lithuania - Netherlands • Finland Croatia Estonia Denmark Estonia • Lithuania Israel •Oregon Estonia Iowa 70% New York Hawaii 60% ⚫ Massachusetts ⚫ Conneticut 50% Northern Territory • Denmark 40% 0.000 0.025 0.050 0.075 0.100 0.125 0.150 0.175 0.200 0.225 0.250 0.275 0.300 0.325 Deposit value (PPP-adjusted €) High-performing systems are achieving good results with a deposit of €0.10 (PPP-adjusted)#21We 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 modernizations and increased demand LATIN AMERICA AFRICA Innovate solutions that trigger 21 1#22The 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.#23Reinvestment 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#24Legislative 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 24#25Europe 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 25 25#26Strong 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 26#27Our offering 800 290 601 B St GO5 Reverse vending machines imagining 鼍薑露 Recycling Together retum earn min C YCLING COOPE RECY CLEAN Reverse vending centres Reverse vending machine kiosks Digital products and APIs Equipment for automated depots#28Customer 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 Recycle here 1: J י, Tha tootor: end moecke: lo TOMIA ى الرش 472 000 Tub#29Preferred 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 mounen ch Sielaff REMONDIS RE DEPOSIT 500- 5 000 <500 envipco RVM 1-10 11-20 21-30 31-40 >40 29 20 Number of RVM markets Source: TOMRA estimates and analysis#30PRICE Our reverse vending portfolio Convenience & Small Store Discounter & Supermarket Hypermarket 0.1-0.3 M UBC/year 0.3-1 M UBC/year 1-3 M UBC/year CONTAINER VOLUME TOMRA Redemption Center 3-5 M UBC/year 5-15 M UBC/year 15-50 M UBC/year Click here for more info.#31GD EI LASIPULLOJA TÄHÄN AUTOMAATTIIN, KIITOS TOMRA URKO Pub Sorten a! AUKI Toka AVAA LUUKKU 00000 31#32Business 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 resum-Barn Recurring service revenues Proven track record Lower risk Throughput model High recurring Revenue => Swift roll-out Aligned interests TOMRA owns and operates the RVM and receives a fee per container handled by the RVM Utilize financial strength 32#33Cash 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 33#34Advanced digital platform leveraged across stakeholder groups TOMRA Productivity Gain Consumer Engagement API/Data System Integration DIGITAL PLATFORM Retail Productivity Gain#35Current 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) 35#36Our Big Hairy Audacious Goal 500 BILLION empty beverage containers handled by TOMRA equipment and collected for clean loop recycling C CLEAN LOOP REC RECYC CLIN#37TOMRA Recycling 37#38TOMRA Recycling Transforming resource recovery through advanced waste and metals sorting that turns waste into value. DAIRY FRE OMEGA 3 RICH At least 33% of waste is not managed in an environmentally safe manner The world generates 2.01 billion tons of municipal solid waste annually. TOMRA's smart sorting machines maximize resource recovery TOMRA#39There 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 Poland 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 =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 39#40EU member states need to meet PPWD¹ targets for plastic recycling 1 Packaging and Packaging Waste Directive TOMRA Packaging waste including EPS [Ton] 300 000 250 000 200 000 Target 2025-50% recycling Target 2030=55% recycling Example: Norway 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 40#41Strong 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 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 he sele "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 TOTAL RECYCLING RATE, EUROPE AND OVERSEAS. 6.7 (15%) 5.6 డి LANDFILLED OR INCINERATED FOR ENERGY RECOVERY. EXACT SPLIT NOT KNOWN. 38 (84%) 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 plasties produced in Europe, our of 8.6 million tonnes sent for recycling 30% LANDFILLED IN EUROPE The higher ante volumes estimated in this study imply that neier as much plastic is landfilled as the industry estimate of 6.9 million ses in 2020 24 54% INCINERATED/ENERGY RECOVERY IN EUROPE Assuming the same split of landfill and incineration estonated by Mastics Europe for 2020 Comptent with European Environment Agency estimates thus 20-30 million tonnes of plastics are burnt each year https://materialeconomics.com/publications/europes-missing-plastics#42Sorting 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 42#43How does sensor-based separation work? Feeding of unsorted material High-tech sensors to identify objects DA + Automated sorting process using different sensors for different sorting tasks + 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 43#44A broad sensor-based technology portfolio LASER TOMRA EM LED IRT VIS XRT LIBS XRF COLOR IR 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 44#45Automation with TOMRA units Focus on the PET stream NIR for packaging waste PET Baler PP Mixed Paper cleaning PE Colored PE Natural ONP Cleaning Packaging ONP Double Deck Screen Ballistics (removing films) Manual sorting for oversize materials Sorting of Municipal Solid Waste, Cyprus Input 45#46Our solutions enable recovery of recyclables from different waste streams TOMBA AUTOSORT AVL Leipzig, Germany COMICA Mixed Waste Sorting Plant IVAR, Norway TOMBA A modern packaging sorting plant can contain up to 60 NIR sorters TOMRA Our solutions can also recover valuables from residual waste streams 46#47The 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#48Our 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, transportin the process) Reduced carbon footprint Decreased Transport cost Chemical usage decrease 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 (Flotation reagents, acid for leaching and cyanide) Reduced tailings (fine particles) Productivity increase (De-bottleneck conventional process) Lifetime of Mine increased Waste into value (Createsellable product) Legislation A few grams up to a few kilos per ton • 3 m² tailings volume per ton (2 m² material plus 1 m² 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 Reduced cut-off grade (Higher dilution in the mine, process marginal dumps) • 30-50% more reserves#49Our 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'S 111PELLENCST sesotec 0-1,000 UNIsenser AMP ROBOTICS MEYER BUHLER REDWAVE TAIHO MOGENSEN binder+co ZENгOBOTICS 10-25 markets 25-50 markets Geographic presence 1 >50 markets 49#50Our 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 50 50#51We 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#52We are here to enable closed loop recycling solutions - material stream by Our commitment towards plastic packaging by 2030 30% of post-consumer plastic packaging is recycled in a closed-loop material stream 662 52#53TOMRA Food 53#54TOMRA Food Transforming global food production to maximize food safety and minimize food loss by making sure Every Resource Counts™ Currently, 33% of all food produced is either lost or wasted By 2050, a global population of 9.8 billion will need 70% more food than is consumed today We have ambitions to enable a post-harvest food loss reduction of 50% by 2030 TOMRA#55Robust 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 55#56TOMRA 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 56#57We 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. 57 52#58Our Technology... 58 Camera Spectroscopy Digital Pulsed LED Laser X-ray#59...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 59 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#60Working principles in Food sorting Air inspection 1 GRADE GRADE 3 2 2000922.08 GRADE Belt inspection 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 ENTITY 4 Singulated grading 1 2 5 2 5 3 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#61Food technology platforms. Solutions for fresh and processed produce TOMRA A Product Line TOMRA 3A Series TOMRA 5A Series TOMRA B Product Line TOMRA C Product Line TOMRA X Product Line Peeling Lines Integrated sorting solutions for fresh produce TOMRA S Product line KPM TOMA TOMRA 5B TOMRA 3C TOMRA 5C TOMRA 5X Peeling Small Fruit Sorter and KATO260 Line ULTRAVIEW TOMRA NEON 3 TOMRA 5S Advanced actrim SPECTRIM Single/Dual lane sorter T CURO16 Deput INSPECTRA² Small Fruit Sorter KATO260 with LUCAi KETE16#62Leading position globally Total Food Sorting and Grading Market Addressable Food market TOMRA 2022: ~0.4 EUR billion # of installed machines >3k BE TA 1-3k MAYER Chute Dawn C/BR 0-1k apлmum Belt 10-25 markets SATAKE BUHLER SORTEX KEY Tarhanlogy TOMRA MaF ROD NEWTEC Ser.mac GREEFA gpgroders ACEMOCN AWETA UNE ellips Lane 25-50 markets Geographic presence >50 markets 62 Size of bubble = Estimated revenue from sensor-based sorting and related peripherals within the addressable market#63Food Categories Potatoes Nuts & Dried Fruit Vegetables Apples Citrus Berries TOMRA Cherries Fresh Cut Avocados Kiwifruit Grains & Seeds 63#64Leading technology & Sorting & Grading INDUSTRY SORTING AND PEELING SOLUTIONS TOMRA 1. PROCESSED FOOD WIDEST VARIETY OF SORTING A TOMRA سلر Data & Analytics K ODUCE INDUSTRY TURNKEY SOLUTIONS FOR SORTING, G Infeed & Treatment Materials Han Packing Service & Support Artificial Intelligence 64#65Some of our customers Orkla Processed Food Nomad Foods PROPAL® vitafoods BY APPOINTMENT TO THE ROYAL DANISH COURT Royal Greenland 65 Apetit Intersnack bama Fresh Food costa fresh is our passion Cuties FILLMORE PIRU CITRUS SINCE 1897- Wonderful peelź halos Viacovelli Perla Fruit#66TOMRA Corporate strategy and sustainable growth 66#67MNOK Not including discontinued operations (Orwak divested 2014), except for EPS MNOK Group financials development Gross contribution and margin Revenues 14,000 12,000 5,500 50% 5,000 45% 4,500 40% 10,000 8,000 6,000 4,000 2,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 4,000 35% 3,500 30% ΧΙΟΝΙ 3,000 25% 2,500 20% 2,000 15% 1,500 10% 1,000 500 5% 0 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 EBITA and margin 2,000 1,800 1,600 1,400 1,200 1,000 800 600 Earnings per share 4.00 20% 18% 3.50 16% 3.00 14% 12% 10% 8% 400 200 0 H NOK per share 2.50 2.00 1.50 6% 1.00 4% 0.50 2% 0% 0.00 山 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 67 40#68Recycling and Food Connected Sorters TOMRA Insight Users 01/2018 01/2019 01/2020 01/2021 01/2022 01/2023 Connect to POSSIBILITIES TOMRA ✓ INSIGHT#69TOMRA Our strategy is to accelerate growth in core business and develop adjacent opportunities eeeee 69#70Ideally 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 P 70#71Closing the gap in plastic recycling Positioned to develop adjacent opportunities Close the loop on textiles Systems for reusable packaging#72Legislative push to advance circularity Recycled content EU's Packaging & Packaging Waste Regulation (proposed) Reuse and refill EU's Packaging & Packaging Waste Regulation (proposed) National legislation on take-away packaging % of post-consumer recycled content in packaging % of reusable Take-away packaging 2030 2040 2030 2040 Single use plastic 30% 65% Cold & hot beverages 20% 80% beverage bottles Contact-sensitive 30%* 50% Ready prepared food 10% 40% packaging + Other types of 35% 65% packaging * 10% if PET is not major component France 1 January 2023: Mandatory reusable tableware for dine-in Germany 1 January 2023: Mandatory reusable take-away alternatives Sweden 1 January 2024: Mandatory reusable take-away alternatives Denmark 1 January 2025: Introduction of EPR packaging fees Portugal 1 July 2022: Tax on single use take-away packaging 72#73The gap in plastics recycling Majority of plastics are lost today Demand for recycled plastics • 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 TOMRA 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 73#74Input Пи Пи ㅁㅁㅁ TOMRA Feedstock Output Mixed plastics fraction sourced from material recovery facilities Advanced sorting Dry washing High quality polymer fractions to be supplied to recyclers (PE, PE-LD, PP, PS, PET, film)#75TOMRA TOMRA TOMRA TOMRA Feedstock Plants Germany • • Announced 19 December 2022 Norway Announced 31 May 2023 Joint Venture 65% TOMRA / 35% Plastretur • • • • 100% TOMRA owned 2 EUR 50-60 million investment Capacity 80.000 tons p.a. Input: mixed post-consumer plastic Output: >10 different polymer fractions for mechanical and chemical recycling • Operational in 2024-2025 est. • EUR 32 million investment • Capacity 90.000 tons p.a. . Input: mixed post-consumer plastic Output: 8 different polymer fractions for mechanical and chemical recycling Operational in the first quarter 2025 est.#76Circular re-use system for takeaway packaging Prevent Reduce إلى Reuse Recycle BUY Takeaway from restaurant/café Delivered at home AL Recover Di+p>++ ננננ L J L RETURN to automated collection point PROCESS Sanitize, sort, quality check and ship back to restaurants/café COLLECT Picking up empty packaging and transport to sanitation hub#77Collaboration with Aarhus Municipality in Denmark on a deposit system for takeaway packaging AARHUS KOMMUNE Aarhus indfører pant på takeaway- emballage Vi bruger ca. 300 millioner engangskopper og 150 millioner engangsbokse til takeaway om året i Danmark. Som den første kommune i landet er Aarhus klar til at indføre pant på takeaway-emballage. Målet er at skabe et cirkulært system, hvor emballagen bliver indsamlet, vasket og genbrugt. DIP KEBABMIX 10 BØRNE MENU Aarhus Docklands. Credits: Roar Paaske, VisitDenmark. STREETCOFFEE#78TOMRA 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 78#79TOMRA 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 79#80Our 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#81The 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. 81#82Our sustainability commitment TOMRA Leading the Resource Revolution while becoming a fully circular business and being safe, fair and inclusive#83I D 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 Our 2030 Sustainability Targets 2 >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 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 Supply Chain Sustainability targets will be announced in 2023 Resource Productivity Climate Impact Sustainable Product Design Employee Value Proposition Supply Chain Sustainability TOMRA#84For a sustainable planet for generations to come 84#85we have an obligation to grow 85 55#86Copyright 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. 86#87TOMRA www.tomra.com