Fourth Quarter 200819 February 2009

2

Financial Highlights – Profit and loss statement

Figures in NOK million 4Q 2008 4Q 2007 YTD 2008 YTD 2007

Revenues 1076 948 3622 3490

• Collection Technology, Deposit Solutions 524 503 1725 1731

• Material Handling 310 245 1010 1064

• Industrial Processing Technology 213 190 793 647

• Collection Technology, Non-Deposit Solutions

29 10 94 48

Gross contribution

Gross margin

380

35%

352

37%

1376

38%

1282

37%

Operating expenses 244 221 920* 837

Operating profit

Operating margin

136

13%

131

14%

456

13%

445

13%

* Includes restructuring charges of 22 MNOK in 3Q08

Year on year growth – adjusted for currency and restructuring charges

• Revenues

• Operating profit

(4%)

(18%)

4%

8%

3

3

Financial highlights - Balance sheet, cash flowand capital structure

• Cashflow from operations

• 255 MNOK in 4Q 2008 versus 313 MNOK in 4Q 2007

• Cash flow from finance

• 23 MNOK spent on share buy-backs in 4Q 2008

• Hedging of € 70M at 9.86 as of end 2008

• Strong financial position

• >50% equity and increased from 2008

• Current holding of treasury shares of 5.0 million

• Balance sheet

• Acquisition of Ultrasort results in goodwill/intangibles of 150 MNOK

• Weaker NOK at balancesheet date gives increased NOK value of balancesheet items

• 31.12.07 => 31.12.08

• € +24% $ +29%

Figures in NOK million 31 Dec 2008

31 Dec 2007

ASSETS 3594 2952

• Intangible assets 942 702

• Leasing equipment 111 80

• Other fixed assets 703 566

• Inventory 624 529

• Short-term receivables 1100 885

• Cash and cash equivalents 114 190

LIABILITIES AND EQUITY 3594 2952

• Equity 2019 1624

• Interestbearing liabilities 591 417

• Non-interestbearing liabilities 984 911

Collection Technology -Deposit Solutions

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Collection Technology - Deposit Solutions Financials

Figures in NOK million 4Q 2008 4Q 2007 YTD 2008 YTD 2007

Revenues 524 503 1725 1731

• Nordic 158 206 601 611

• Central Europe & UK 280 221 834 792

• US East/Canada 86 76 289 326

• Rest of the world - - 1 2

Gross contribution in %

222

42%

209

42%

773

45%

754

44%

Operating expenses 117 107 451* 409

Operating profit

in %

105

20%

102

20%

322

19%

345

20%

* Including 15 MNOK in one-off restructuring charges in 3Q08

6

Highlights Collection Technology - Deposit

• Installed ≈5.000 machines, of which ≈700 UNO

• Stable prices and improved gross margin (44% 45%)

• Maintained strong market position

• T-820 with camera crate technology being launched in key markets

• Breakthrough in gas station segment for UNO (Shell to install 1.000)

• Orders valued 100 MNOK from Danish/Swedish customers received in January/February 2009

Overall

Service & maintenance

• Represent about 47% of total business area revenue

• Nordic service organization with common IT platform in place

• Increased penetration level of annual service contracts

• Contractual cleaning towards business as usual

• Compactor recurring business growing towards 70 MNOK yearly

• Product enhancements addressing service efficiency

7

Highlights Collection Technology - Deposit

• Donation decided and being implemented on >6.000 machines

• Donation becomes standard in most markets

• Lottery under implementation on 800 machines in Norway

• Electronic receipt becomes business as usual

Added value services

Legislation

• Increased activity, but low visibility on probability & time frame

• Potential candidates in a 3 year perspective

Australia

Eastern Europe, Latvia first to come

States in the US, NY water bottle highest probability

• Deposit good for the environment and a source for US state funding

8

Germany – our largest market

TOMRA install base of 18.400 RVMs will move towards 23-25.000

Recurring yearly service revenue >35 M€ already in 2009

Strong dynamics in food retails, give >1.500 machines annually

80% of installations with compactors

Large untapped potential for added value services

Netto/Norma one off volumes on top in 2009-2010

Kaufland successfully piloted and installed large/complex solution

UNO breakthrough in gas station market

Yearly revenues towards 100 M€

9

Collection Technology - Deposit

Outlook 2009

Currently no impact from financial downturn

and current order book and assessment of

activities could indicate improved performance

versus 2008

Materials Handling

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Materials Handling – Financials

Figures in NOK million 4Q 2008 4Q 2007 YTD 2008 YTD 2007

Revenues 310 245 1010 1064

• US East/Canada 165 103 465 463

• US West (California) 145 142 545 601

Gross contribution

in %

39

13%

54

22%

175

17%

220

21%

Operating expenses 31 27 109 115

Operating profit

in %

8

3%

27

11%

66

7%

105

10%

Currency impactFourth quarter 2008 compared to fourth quarter 2007: +25%Full year 2008 compared to full year 2007: - 4%

12

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Materials Handling – Financials

Figures in USD million 4Q 2008 4Q 2007 YTD 2008 YTD 2007

Revenues 45.6 45.0 179.1 181.5

• US East/Canada 24.3 18.9 82.5 79.0

• US West (California) 21.3 26.1 96.6 102.5

Gross contribution

in %

5.7

13%

9.9

22%

31.0

17%

37.5

21%

Operating expenses 4.5 4.9 19.3 19.6

Operating profit

in %

1.2

3%

5.0

11%

11.7

7%

17.9

10%

Highlights 2008

• 7 M$ in revenue from commercial volumes with low margin

• Satisfactory performance in spite of high fuel prices for the year

• Fuel prices decreased with ≈50% during the quarter

• Operational expenses down by 10%

• Deposit volumes increased with 3%

• 82 M$ in revenues

• ~270 employees

• Own transportation network in some states, outsourced to 3rd parties in other states

• Processing in 7 own facilities plus 4 outsourced facilities

• Annual volumes processed (pounds):

– Alu 130+ mill.

– Glass 500+ mill.

– Plastic 130+ mill.

13

Materials HandlingEast Coast

Could be negatively impacted if beverage consumption decreases, no signs so far

Positively impacted by lower fuel prices

Historical EBIT performance in range 7% - 10%

• ~97 M$ in revenues

• ~660 employees

• ~450 recycling centers

• 4 processing facilities

• 1.3 billion containers collected annually

14

Materials HandlingUS West Coast (Californian) operations

Highlights 2008

• Due to commodity exposure, loss making in 4th quarter

• 1st quarter LME volume locked at 1.550$ per ton

• PET prices from 25 c/lb average YTD Sept 08 to 8 c/lb in Nov 08 to 13 c/lb in Jan 09

• Cost reduction activities initiated Nov/Dec 08

• Discussions with California DOC on ways to improve recycling

• Chinese PET market now functioning properly

15

Materials HandlingCalifornia operation

Sensitivity analysis

Oil price 40$ / Alu 1.500$ / PET 10 cent per pound -4% - 0%

Oil price 60$ / Alu 2.100$ / PET 15 cent per pound 2% - 8%

Oil price 80$ / Alu 2.500$ / PET 20 cent per pound >8%

Aluminum prices expected to be low throughout 2009

PET prices steadily increasing towards 20 cent per pound

EBIT performance range

16

Materials Handling

Summary

East Coast (45% of revenue) should operate in line with

historical 7% - 10% EBIT margin

California (55% of revenue) in red figures 1st half 2009

and potentially back in black figures 2nd half 2009

High level of uncertainty related to commodity prices

Industrial ProcessingTechnology

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Industrial Processing Technology - Financials

Figures in NOK million 4Q 2008 4Q 2007 YTD 2008 YTD 2007

Revenues 213 190 793 647

• Nordic 39 14 120 78

• Central Europe & UK 94 93 355 300

• Rest of Europe 29 29 132 107

• US/Canada 16 10 51 34

• US West 13 10 39 24

• Rest of World 22 34 96 104

Gross contribution

in %

111

52%

89

47%

403

51%

321

50%

Operating expenses 76 65 259 220

Operating profit

in %

35

16%

24

13%

144

18%

101

16%

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Highlights Industrial Processing Technology

Strong performance in all companies, Q4 as well as 2008

• Growing in all markets

2008 revenue growth

• TiTech 28%

• Presona 25%

• Orwak 10%

2008 performance

• TiTech slightly down on EBIT margin

• Orwak and Presona considerable improvement on margins

20

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Industrial Processing Technology - Order book

NOK million

Industrial Processing Technology

Long term strong demand for recycling technology solutions unchanged

Waste generation continues to grow

Legislation impacts demand for more recycling

Efficiency improvements in current solutions needed

Consumers and politicians pushing the environmental agenda

A global trend

Long term strong demand for recycling technology solutions unchanged

Challenging to predict short term development

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Order book comparedQ3-08

Order book compared Q4-07

TiTech -15% -29%

Presona -36% -52%

Orwak -21% -10%

Actions taken

• Significant cost reduction programs have been initiated in all 3 companies to adjust to lower revenues

Order inflow Q4 impacted from financial downturn

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Collection Technology Non-deposit Solutions- Financials

Figures in NOK million 4Q 2008 4Q 2007 YTD 2008 YTD 2007

Revenues 29 10 94 48

• Central Europe & UK 23 5 55 38

• Rest of Europe 4 - 8 -

• US East & Canada - - 24 -

• Rest of World 2 5 7 10

Gross contribution

in %

9

31%

0

-

25

27%

(13)

-

Operating expenses 17 18 85* 77

Operating profit

in %

(8)

-

(18)

-

(60)

-

(90)

-

* Including 7 MNOK in one-off restructuring charges in 3Q08

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Highlights Collection Technology - Non-deposit

Tesco installed 13 ARCs during the quarter and continues same pace in Q1 2009 towards 90 machines in total

Adjusting strategy in Japan to also approach retailers and CPGs for promotion. This to speed up growth

Cost reduction program implemented in Q3 will start to yield 1Q 2009

One of three stakeholders has to see benefits enough to take the lead

Retailers, Municipality, Consumer good provider

The lower investment and smaller footprint, the better

Kiosk, UNO, City/T-63

Key to get into revenue streams related to advertising/promotion (street furniture)

Adjusting spending and strategy accordingly

Lessons learned during last 3 years across all markets

From 90 MNOK loss making in 2007 to break even run rate late 2009

Consumer environmental awareness and attitude continues to put pressure on authorities and corporations

Branded machines

25

Examples from Greece/US/Germany

Mexico/Spain

EUR* USD NOK SEK OTHER TOTAL

Revenues 45 % 35 % 5 % 10 % 5 % 100 %

Expenses 35 % 35 % 15 % 10 % 5 % 100 %

EBIT 120 % 35 % - 70 % 10 % 5 % 100 %

Revenues and expenses per currency;

Revenues Expenses EBIT

EUR* 4.5% 3.5% 12.0%

USD 3.5% 3.5% 3.5%

SEK 1.0% 1.0% 1.0%

OTHER 0.5% 0.5% 0.5%

ALL 9.5% 8.5% 17.0%

10% change in NOK towards other currencies will impact;

NOTE: Rounded figures

HEDGING POLICY

• TOMRA hedge B/S items that will have P/L impact on currency fluctuations

• 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 the EBIT

Average currency rates in 2008

$ 5,64 / € 8.22

Currency exposure

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* EUR includes DKK

* EUR includes DKK

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Political leadership

Legislation

Public opinion

Corporate social responsibility

Waste generation

EU Landfill DirectiveEstablish regulations for landfilling of waste within the EU. Key requirements: All landfills must be classified for material…

WEATHER

EU Waste Packaging DirectiveEstablish targets for collection and recycling to be achieved by all EU member states within 2015. Overall recycling: 55-80%...

Macro trends impacting recycling industry positively

Corporate social responsibility

Commodity prices

28

Collection Technology – Deposit No impact

Materials Handling- East Coast operation- California

If any, positiveNegative impact at current commodity price level

Industrial Processing Technology Revenues in 2009 will decrease compared to 2008, too early to predict magnitude

Collection Technology – Non-deposit Limited impact

Currency Significant positive impact

Current assessment of impact from economic global downturn

2929

TOMRA also provides a positive contribution to the environment,

each year TOMRA enables:

• Collection of 30 billion used beverage containers through RVMs, ~3 % of world consumption

• Processing of 300,000 metric tons of beverage container material in the US

• Sorting of around 17.5 million metric tons of mixed waste through optical scanners from TiTech

• Compaction of about 30 million metric tons of waste in Orwak and Presona compactors

A positive contribution

Net avoidance of about 10 million metric tons of CO2 equivalents each year, equal to about 20% of the annual emissions of Norway

Addendum slides

31

Addendum slideMajor shareholders

1 Orkla ASA 24 000 000 15.5%

2 Folketrygdfondet 15 349 700 9.9%

3 The Northern Trust C Treaty Account 12 946 274 8.4%

4 State Street Bank AN A/C Client Omnibus D 7 709 746 5.0%

5 Tomra Systems ASA 4 996 246 3.2%

6 Bank of New York MEL S/A Mellon Nominee 1 3 071 856 2.0%

7 FERD AS Invest P610AK 2 900 000 1.9%

8 Bank of New York ADR department 2 554 598 1.6%

9 Skagen Vekst 2 285 600 1.5%

10 RBC Dexia Investor S S/A Dub-non-resident 2 208 700 1.4%

SUB-TOTAL 78 022 720 50.3%

Other Shareholders 76 997 358 49.7%

TOTAL (8,772 shareholders) 155 020 078 100.0%

Total foreign ownership 71 441 608 46.1%

32

Addendum slideShareholders by nationality

1 Norway 53.9% 8 063

2 Great Britain 15.5% 71

3 USA 12.3% 160

4 Luxembourg 3.5% 27

5 Denmark 2.3% 45

6 Sweden 2.1% 112

7 France 1.8% 19

8 Italy 1.8% 10

9 Ireland 1.6% 9

10 Finland 0.9% 20

TOTAL 95.8% 8 536