The TOMRA Transformation Journey

STRONG REVENUE GROWTH SINCE INCEPTION IN 1996 Revenue development and key milestones MNOK TITECH Visionsort AS established 4 Real Vision Systems acquired TITECH Ultrasort acquired CommoDas acquired acquired by TOMRA 114 Odenberg acquired • BEST acquired 2,545 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TOMRA • Total revenue growth (organic plus inorganic) CAGR of ~30% per year from 2004- 2016 - Average annual organic growth for the same period was 17% Technology base and segment/application knowledge expanded both through acquisitions and in- house ventures 32

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