Investor Presentaiton

Currency risk and hedging policy Measured against NOK 128 *Average 3Q20 vs 3Q19 124 120 116 112 108 104 10% change in NOK towards other currencies will impact: Revenues Expenses EBITA EUR* 4.5% 4.0% 7.0% +8.3%* USD 3.5% 2.5% 8.0% OTHER** 2.0% 3.0% -4.0% +3.0%* ALL 10.0% 9.5% 11.0% 100 96 3Q19 4Q19 EUR USD 1Q20 2Q20 3Q20 Revenues and expenses per currency: EUR¹ USD NOK OTHER² TOTAL Revenues 45 % 35% 0% 20% 100% Expenses 40% 25% 5% 30% 100% Assets and liabilities per currency: EUR¹ USD NOK OTHER² TOTAL Assets 50% 15% 15% 20% Liabilities 60% 10% 20% 10% 100% 100% 1 EUR includes DKK ² Most important: AUD, NZD, RMB, CAD, SEK, GBP and JPY NOTE: Estimated and rounded figures TOMRA HEDGING POLICY CASHFLOW AND P/L B/S TOMRA can hedge up to one year of future predicted cash flows. Gains and losses on these hedges are recorded at the finance line, not influencing EBITA TOMRA only hedges B/S items where exchange rate fluctuations could have P/L impact. Gains and losses on B/S hedging are recorded in accordance with IAS 21 and will normally not have P/L impact 46

View entire presentation