Murray & Roberts — FY2009 Earnings Presentation
48 slides from Murray & Roberts's earnings presentation, Jun 30, 2009
Slide 1: Report to Stakeholders: Financial Year to 30 June 2009
REPORT TO STAKEHOLDERS FINANCIAL YEAR TO 30 JUNE 2009
Slide 2: Market Volatility
&... MARKET VOLATILITY ne —— Share Price J Order Book foe Deak Reframing for the Future
Slide 3: Year of Two Halves
&... YEAR OF TWO HALVES Revenue '1%Half M2 Half Reframing for the Future
Slide 4: Global Economic Crisis
as GLOBAL ECONOMIC CRISIS Order Book Impact Concourse3 6,0 6,0 Tameer Towers 5,2 5,2 Trump Towers 3,3 3,3 Al Salam Resort 2,1 2,1 Petrosea 4,5 4,5 Mining 0,5 0,4 0,2 1,1 Engineering 0,8 0,8 Houghton 0,4 0,4 Reindeer 1,3 1,3 Reframing for the Future
Slide 5: Opportunity Pipeline
Murray &Roberts OPPORTUNITY PIPELINE R S6bn (R59bn) — R63bn 4 18bn) (R.10bn) Reframing for the Future pil
Slide 6: Salient Features
Murray R Roberts SALIENT FEATURES (28%) a __.. | +27% +23% Reframing for the Future
Slide 7: Salient Features
Murray R Roberts SALIENT FEATURES +11% Reframing for the Future
Slide 8: Order Book Development
ORDER BOOK DEVELOPMENT R60bn (R17bn) ~ 13bn) ° i New Orders 7 SS ee Reframing for the Future
Slide 9: Order Book
&... ORDER BOOK Construction & Engineering Rbillion m7 — Revenue } | OrderBook 7s 50 + 50 a0 40 30 + 30 20 + 20 10 + 10 Lo 205 7G TG Reframing for the Future
Slide 10: Order Book: Geographic Distribution
Murray ORDER BOOK & Roberts 3 Years to 2012 GEOGRAPHIC DISTRIBUTION SADC : 71% Reframing for the Future
Slide 11: Order Book: Time Distribution
Murra Roberts ORDER BOOK R40 Billion TIME DISTRIBUTION 2010 : 46% 2013 to 2015: x 12% 2011 = 23% 2012: 19% Reframing for the Future
Slide 12: Reframing Murray & Roberts
Murray & Roberts REFRAMING MURRAY & ROBERTS ' Construction -Muray& Roberts Construction SADC a + Concor + Tolcon | Engineering + Murray & Roberts [Engineering] “Gawec wy | SADC “ ponbe fseioelidammland ee i 7 +Rocla Construction § on Products § ipods: Serene) tray & Roberts Cementaion Group «RUC Cem
Slide 13: Reframing Murray & Roberts
fw REFRAMING MURRAY & ROBERTS SADC 65% 35% Intemational tors EE sce“ con Sc"? ee oy I ea | «i Sc” o%| Medcoot IY 100 o «°° ov (eee <= Reframing for the Future
Slide 14: Douglas Roberts Centre
Douglas Roberts Centre s QED uf us ee ES a NSD Moen
Slide 15: Douglas Roberts Centre
Li, om ca Pn H men ei ait tH Centre Douglas Roberts
Slide 16: Balance Sheet
&... BALANCE SHEET {R millions) 2009 2008 21 650 4689 16 961 21 650 5 825 1290 14535 Reframing for the Future
Slide 17: Income Statement
Murray & Roberts INCOME STATEMENT {R millions) 2009 2008 REVENUE 33 762 26 665 EBITDA 3 674 2 849 Depreciation & Amortisation (776) (569) EBIT 2 898 2 285 Exceptional Items 8 145 Net Interest (expense) / income (37) 30 Taxation (612) (489) Associates 2 9 EARNINGS FROM CONTINUING OPERATIONS 2 256 197
Slide 18: Segmental Revenues
Murray R Roberts SEGMENTAL REVENUES Cementation Group Engineering SADC R60 billion R 2,7 billion Clough Limited . R 4,2 billion Construction SADC R9,1 billion onstruction Products R6,6 billion Middle East R 3,6 billion Investments R 1,7 billion Reframing for the Future
Slide 19: Segmental Operating Profit
Murray SEGMENTAL OPERATING PROFIT aRoberts 8,6% MARGIN Cementation Group R 428 million Engineering SADC Clough Limited 342 million onstruction Products R621 million Middle East R350 million Investments R 432 million ae Reframing for the Future
Slide 20: Medupi, South Africa
Medupi, South Africa
Slide 21: Construction SADC
y CONSTRUCTION SADC Margin 5,7% R323m R338m 2007 2008 2009 Revenue ” every Prost SALIENT POINTS » Order Book R 8,6 billion (2008: R 12,4 billion) » Capex R 246 million (2008: R 456 million) » Prudent & justifiable revenue recognition on Gautrain Reframing for the Future
Slide 22: Pilansberg, South Africa
= oo Pilansberg, South Africa
Slide 23: Engineering SADC
y ENGINEERING SADC Margin 16,5% R2,7bn R 446m R 46m R&7m , 4 2007 2008 2009 rasranaetd Operating Profit SALIENT POINTS » Order Book R 18,5 billion (2008: R 15,6 billion) » Capex R 299 million (2008: R 81 million) » Performance boosted by Wade Walker Reframing for the Future
Slide 24: NMPP, South Africa
ae 1 abe \, 7" NMPP, South Africa ) a se
Slide 25: Construction Products SADC
&... CONSTRUCTION PRODUCTS SADC Margin 9,4% R6,0b peby R 669: —_ n im | | ‘| | | ‘| 2007 2008 2009 2007 2008 2009 Revenue Operating Profit SALIENT POINTS » Order Book R 146 million (2008: R 249 million) >» Capex R 494 million (2008: R 381 million) » Steelinventory impairment (R 200 million) Reframin
Slide 26: Phosphate Mine, Newfoundland, Canada
Slide 27: Cementation Group
y CEMENTATION GROUP Margin 7,2% R 406m R 428m Ss J | 2007 2008 2009 2007 2008 2009 Revenue Operating Profit SALIENT POINTS » Order Book R 5,9 billion (2008: R 5,8 billion) » Capex R 282 million (2008: R 362 million) » Good performance from Murray & Roberts Cementation Reframing for the Future
Slide 28: Al Raha Sea Wall, Abu Dhabi
Slide 29: Middle East
y MIDDLE EAST rts Margin 9,8% R3,6bn R2,8bn R2,4bn R350m a 234m yp 123m 2007 2007 Revenue Operatinay Prost SALIENT POINTS » Order Book R 4,2 billion (2008: R 11,5 billion) » CapexR 18 million (2008: R 1 million) » DubaiAirport Concourse 2 completed to schedule Reframing for the Future
Slide 30: Devils Creek, Australia
Devils Creek, Australia pete
Slide 31: Clough Limited
y CLOUGH LIMITED rts Margin 8,2% R42bn R3,6bn R342m R204m RObn ROm a wy 2007 2008 2009 2007 2008 2009 Revenue Operating Profit SALIENT POINTS » Order Book R 2,5 billion (2008: R 5,7 billion) » Capex R 793 million (2008: R 443 million) » Disposal of PT Petrosea, Indonesia Reframing for the Future
Slide 32: Coallink Locomotives, South Africa
Slide 33: Investments
y INVESTMENTS rts Margin 26,2% R1,7bn R1,2m R432m R693m R330m | | ai Revenue ” every Prost SALIENT POINTS pb CapexR 114 million (2008: R 52 million) » JohnsonArabia repositions in Abu Dhabi » Concessions fair valued R 120 million (2008 : R 86 million) Reframing for the Future
Slide 34: Greenpoint Stadium, South Africa
Slide 35: Consolidated Cash Flow
&... CONSOLIDATED CASH FLOW R412m R3,9bn _ (R1,3bn) (R1,2bn) (R697m) cy (R2,5bn) R4,3bn R2,9bn Reframing for the Future
Slide 36: Cash Management
&... CASH MANAGEMENT Reframing for the Future
Slide 37: Capex & Working Capital
&... CAPEX & WORKING CAPITAL | Working Capital = Capex 2007 2008 2009 Reframing for the Future
Slide 38: Africa
Africa eS
Slide 39: Committed to Zero Harm
Murray & Roberts COMMITTED TO ZERO HARM LTIFR: 2,89 at June 2009 (June 2008 : 2,44) FIFR : 0,05 at June 2009 (June 2008 : 0,08) 196 million hours worked to June 2009 (June 2008 - 216 million) 5 FY2006 | FY2007 | FY2008 | FY2009 4 LTIFR 3 25 14 _ Fatakties 4 1 2 3 4 3 361 2 3 &$ 3 0 4 5 0 ; o- r t t
Slide 40: Sorbonne University, Abu Dhabi
owe cae Sorbonne University, Abu Dhabi
Slide 41: Corporate Citizenship
Murray & Roberts CORPORATE CITIZENSHIP R112,2 million in dividends through Letsema in 4 years Letsema Bokamoso General Staff Trust Letsema Khanyisa Black Employee Benefit Trust Letsema Vulindlela Black Executive Trust Letsema Sizwe Broad- Based Community Trust Murray & Roberts Group csi R19,4 millio
Slide 42: Saadiyat Main Hotel, Abu Dhabi
# i >. A <2 ae -_ Saadiyat Main Hotel, Abu Dhabi
Slide 43: Leadership Appointments
LEADERSHIP APPOINTMENTS Mr Trevor Fowler PrEng, BSc Eng (Civil) Executive Director Construction SADC. Mr Murray Easton CBE, BScfhons) (Mech), MSc, D_Univ Group Chief Engineer Leader of Group nuclear strategy. Fabrication & Manufacture. Mr Malose Chaba Pring, BSc Eng (Elec), MSc Executive Director Gr
Slide 44: The Big Issues: Behaviour & Performance
Murray & Roberts THE BIG ISSUES Behaviour & Performance > Health & Safety > Regulatory Issues > Discrimination > Equity & Empowerment >» Commercial Entitlement Reframing for the Future
Slide 45: The Big Issues: Opportunity & Growth
THE BIG ISSUES Opportunity & Growth >» Nuclear Power >» Human Settlements > Rest of Africa > Intemational Expansion > Acquisitions Reframing for the Future
Slide 46: Prospects
y rts PROSPECTS “While the Group does expect growth in the year ahead, if not in all companies and markets then from the new markets and opportunities it has committed to engage, volatility of the SA Rand against the US Dollar and other international currencies may impact the translation of the Grou
Slide 47: Disclaimer
y rts DISCLAIMER We may make statements that are not historical facts and relate ip analyses and other information based on forecasts of future results and estimates of amounts not yet determinabe. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act o
Slide 48: Thank You
THANK YOU This presentation is available on http /Avww_murrob.com
Murray & Roberts Holdings — FY2009 Earnings Presentation on 6ix