Murray & Roberts Holdings Ltd

Murray & Roberts — FY2018 Earnings Presentation

74 slides from Murray & Roberts's earnings presentation, Aug 30, 2018

  1. Slide 1: Report to Stakeholders for the Year Ended 30 June 2018

    REPORT TO STAKEHOLDERS FOR THE YEAR ENDED 30 JUNE 2018 30 August 2018 ENGINEERED EXCELLENCE

  2. Slide 2: Henry Laas Henry Laas + Daniël Grobler Henry Laas

    Henry Laas A New Strategic Future Slides 3-9 Salient features Slide 10 Growth and value Slide 11 Corporate transactions Slides 12-13 Murray & Roberts valuation Slide 14 Safety performance Slide 15 Henry Laas + Daniël Grobler Comparative financial performance Slide 16 Statement of financial performan

  3. Slide 3: The Group's New Strategic Future

    The Group’s New Strategic Future, which the Board approved in 2014, has by design brought about a significant change in Murray & Roberts. The Group has transformed from being a predominantly South African civil and building contractor, to a multinational engineering and construction Group focused on

  4. Slide 4: A Multinational Specialist Engineering and Construction Group

    A MULTINATIONAL SPECIALIST ENGINEERING AND CONSTRUCTION GROUP FOCUSED ON THE NATURAL RESOURCES MARKET SECTOR STOP.THINK.ACT.24/7: SAFETY FIRST IN EVERYTHING WE DO BUSINESS PLATFORMS OIL & GAS UNDERGROUND MINING POWER & WATER PURPOSE VISION VALUES Enabling fixed capital To be a leading Integrity inve

  5. Slide 5: Essence of the New Strategic Future Plan

    ESSENCE OF THE NEW STRATEGIC FUTURE PLAN To be a multinational specialised engineering and construction Group focused on the natural resources sector (oil & gas, metals & minerals, power & water) To provide services across the project lifecycle To achieve Engineered Excellence in all aspects of the

  6. Slide 6: Growth through diversification of the business model

    3 4 2 Improved order book and Robust balance sheet to robust project pipeline 1 Clearly defined growth navigate through business strategy & business cycles model Diversified business model Low gross gearing and Growth through has resulted in a better robust cash position is diversification of the qu

  7. Slide 7: Ichthys Central Processing Facility and Mundaring Weir

    Ichthys Central Processing Facility, hook-up & pre- Mundaring Weir outlet works upgrade, commissioning, Western Australia Mundaring, Western Australia © Murray & Roberts 2018 | 7 ENGINEERED EXCELLENCE

  8. Slide 8: Freeport Underground Mine and Bentley Park Training Facility

    Freeport Underground Mine, sheave deck Murray & Roberts Cementation’s Bentley Park Training installation, Indonesia Facility, Carletonville, South Africa © Murray & Roberts 2018 | 8 ENGINEERED EXCELLENCE

  9. Slide 9: Organica Demonstration Plant and Sasol Secunda

    Organica Water Reclamation Demonstration Plant, Sasol Oil & Gas, Verulam, South Africa Secunda, South Africa © Murray & Roberts 2018 | 9 ENGINEERED EXCELLENCE

  10. Slide 10: Salient Features: Twelve Months to 30 June 2018

    TWELVE MONTHS TO 30 JUNE 2018 FY2018 FY2017 All platforms performed to Revenue R21,8 billion R21,4 billion expectation No further significant project losses incurred in the Middle East Attributable profit R267 million R48 million Loss in discontinued operations not expected to be repeated Diluted co

  11. Slide 11: Clearly defined strategy

    • To be a multinational specialised engineering and construction Group focused on the natural resources sector (oil & gas, metals & minerals and power & water) • To achieve Engineered Excellence in all aspects of the business Clearly defined (health & safety, risk & commercial, project delivery) str

  12. Slide 12: Potential transaction with Aveng

    Potential • Potential transaction was considered during final quarter 2017 and announced during second transaction with quarter 2018 Aveng • Proposed combination of Murray & Roberts’ Oil & Gas and Underground Mining platforms with Aveng’s McConnell Dowell (infrastructure) and Moolmans (mining) busin

  13. Slide 13: ATON GmbH

    ATON GmbH • Strategic direction and portfolio of businesses make Murray & Roberts an attractive investment • ATON’s mandatory offer at R17.00 per share remains in place, subject only to regulatory approvals • Regulatory approvals in various jurisdictions ongoing • Long stop date for ATON’s mandatory

  14. Slide 14: Independent Board valuation methodology

    METHODOLOGY Murray & Roberts’ Independent Board valuation Implied enterprise value Value per share Last updated on 2 July 2018 ZAR 8,9bn – ZAR 9,8bn ZAR 20.00 – ZAR 22.00 Supported by independent experts Indicative sum of the parts valuation Attributable value range Value per share Business platform

  15. Slide 15: Together to Zero Harm

    TOGETHER TO ZERO HARM 0.68 0.86 0.52 2 1 1 FY2016 FY2017 FY2018 Fatalities L.T.I.F.R.* Regrettably, one fatal incident occurred • Hendry Munardi (49), RUC Cementation (Australia), Big Gossan mine in Freeport (Indonesia) • Deterioration of LTIFR to 0.86 (FY2017: 0.52). Remains an industry leading per

  16. Slide 16: FY2018 vs FY2017

    FY2018 VS. FY2017 Result Comments Underground Mining Strong profit in line with prior period  Order book increased by 26% Oil & Gas EBIT maintained in a soft oil and gas market  Order book increased by 25% Power & Water Power programme is coming to an end  Declining order book Investments Increas

  17. Slide 17: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 Net interest expense (41) (42) 1 Taxation (298) (161) (137) Income from equity accounted

  18. Slide 18: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm FY2018 FY2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Cash and cash equivalents 2 464 2 371 93 Assets classified as held for sale 51 397 (346) Tota

  19. Slide 19: Oil & Gas: Twelve Months to June

    TWELVE MONTHS TO JUNE Oil & Gas Underground Mining Power & Water Bombela & Middle East Commissioning Corporate Rm Engineering Construction Global Marine & Maintenance & Other Total 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 Revenue 971 1 297 504 30 - 425 6 894 4 862 173 100 8 542 6

  20. Slide 20: Strategic goals and objectives

    Strategic goals Strategic objectives Establish strong businesses in • Australian Infrastructure and Mining EPC business complementary growth • HUC & Shutdowns Business markets Maintain • Oil & Gas EPC business current strong • Marine, Water & Power EPC business businesses in core markets • Maintenan

  21. Slide 21: Strong Complementary Markets

    STRONG COMPLEMENTARY MARKETS $6.4B • East Coast infrastructure $7.3B spending is forecast to be greater than the Australian $2.7 B LNG Boom (2008 – 2018) • Most major project opportunities will be in $40B transport infrastructure $105B • Water treatment and $11.5B desalination plants and $12.9B dam

  22. Slide 22: Oil and Gas Medium-Term Supply Growth

    OIL AND GAS MEDIUM-TERM SUPPLY GROWTH • Over the medium term new markets will emerge, Australia is forecast to hold its current production rates with Qatar, the USA and Russia each seeking to expand LNG production • Driven by East Asian nations, actual demand for LNG is higher than previously foreca

  23. Slide 23: Platform Outlook

    PLATFORM OUTLOOK • The crude oil price has stabilised above US$70 per barrel and global Liquid Natural Gas (“LNG”) markets are expected to remain in oversupply until 2020/21 • New supply capacity must be developed in the near term to meet LNG forecast demand as from 2021/22 • The platform secured si

  24. Slide 24: Underground Mining: Twelve Months to June

    TWELVE MONTHS TO JUNE Oil & Gas Underground Mining Power & Water Bombela & Middle East Rm Africa Australasia The Americas Total 2018 2017 2018 2017 2018 2017 2018 2017 Revenue 3 524 3 565 1 779 1 727 2 701 2 754 8 004 8 046 Operating profit 215 124 109 217 147 123 471 464 Operating margin (%) 6% 3%

  25. Slide 25: Mature Strategy

    MATURE STRATEGY Africa • Grow African footprint (outside Zambia) by leveraging Ghana office & growing Central Africa through targeted client engagement • Enhance Rapid Access Development capability to achieve preferred contractor status amongst clients • Enhance systems, skills & processes to become

  26. Slide 26: Medium Term Cycle Upturn Growth Opportunities

    MEDIUM TERM CYCLE UPTURN GROWTH OPPORTUNITIES Average cycle runs 3 - 6 years Strong demand Demand Market back in Strong supply High stocks. Stocks Supply push or deficit destruction. balance. Capex growth. Stocks Strong supply drawing. constraint. market Capex peaking building reaction Limited new C

  27. Slide 27: Commodity Order Book Breakdown

    COMMODITY ORDER BOOK BREAKDOWN % Total Platform Total Platform The Americas Australasia Africa R17,5bn R22,1bn R6,5bn R4,8bn R10,8bn June 2017 June 2018 7% 13% 11% 26% Copper 7% Gold 42% 14% Copper-Gold 1% 21% 43% Diamonds 23% 97% Silver 22% Platinum 11% 6% 3% 22% Nickel 9% 2% Zinc 14% 1% 5% Mangane

  28. Slide 28: Platform Outlook

    PLATFORM OUTLOOK • Exploration is at its highest level in six years and mining equipment delivery times are extending – strong lead indicators of turn in cycle • The Group expects the continued improvement in commodity prices and increased investment by mining companies • The platform continues to s

  29. Slide 29: Power & Water: Twelve Months to June

    TWELVE MONTHS TO JUNE Oil & Gas Underground Mining Power & Water Bombela & Middle East Electrical & Corporate Rm Power Water Oil & Gas Instrumentation & Other Total 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 Revenue 4 180 5 063 95 56 412 669 138 106 4 14 4 829 5 908 Operating profit

  30. Slide 30: Extending services to broader power sector and complementary markets

    In the absence of major thermal coal power station build opportunities, extending services to broader power sector and complementary markets Enter repairs & maintenance market • Boilerserve JV being formed , bolt-on acquisition (Eskom and Sasol) targets for maintenance Enter power transmission & dis

  31. Slide 31: Platform Outlook

    PLATFORM OUTLOOK • Reduction in revenue, operating profit and order book is due to the phased completion of the Medupi and Kusile mega projects • The platform’s overhead function was restructured to prepare it for a lower revenue base, without compromising its capacity to deliver on its strategic ob

  32. Slide 32: Bombela and Middle East: Twelve Months to June

    TWELVE MONTHS TO JUNE Oil & Gas Underground Mining Power & Water Bombela & Middle East Rm Bombela Investments Middle East Total 2018 2017 2018 2017 2018 2017 Revenue - 121 468 608 468 729 Operating profit / (loss) 277 419 (34) (568) 243 (149) Operating margin (%) - 346% (7%) (93%) 52% (20%) Order bo

  33. Slide 33: Increased shareholding in BCC from 33% to 50%

    • The Group increased its shareholding in BCC from 33% to 50% in Q2 FY2018 • The investment yields strong cash returns and contributes normalised circa R220 million to Group’s earnings – in part counteracting the cyclicality that business platforms are exposed to • The concession period extends to 2

  34. Slide 34: Order Book per Platform

    COMMODITY CYCLE DEPENDENT Underground Oil & Gas Power & Water Middle East Total Mining 30,1 26,9 22,1 22,1 17,5 15,3 6,4 5,2 3,8 3,7 2,7 1,5 0,5 0,3 0,1 Jun Dec Jun Jun Dec Jun Jun Dec Jun Jun Dec Jun Jun Dec Jun 17 17 18 17 17 18 17 17 18 17 17 18 17 17 18 1. Oil & Gas order book includes recent aw

  35. Slide 35: Geography & Time Distribution

    GEOGRAPHY & TIME DISTRIBUTION Order book Order book Order book Platform % split Rbn Rbn SADC Int. June 2018 June 2017 FY Time Distribution 2019 3,6 Oil & Gas 100 6,4 5,2 2020 1,9 >2020 0,9 2019 7,9 Underground 49 51 22,1 17,5 2020 7,3 Mining >2020 6,9 2019 1,3 Power & Water 100 1,5 3,7 2020 0,2 >202

  36. Slide 36: Strong Pipeline but Timing Uncertain

    STRONG PIPELINE BUT TIMING UNCERTAIN Pipeline Rbn Order book Near orders Category 1 Category 2 Category 3 Oil & Gas 6,4 - 39,7 97,8 368,4 Underground mining 22,1 7,9 19,4 19,8 17,4 Power & Water 1,5 - 4,7 8,3 31,6 Middle East* 0,1 - - - - 30 June 2018 totals  30,1  7,9  63,8  125,9  417,4 30 Ju

  37. Slide 37: Key presentation takeaways

    Murray & Roberts is a multinational engineering and construction group, providing services primarily to the natural resources market sectors of metals & minerals, oil & gas, power & water This is the first completed financial year of a fundamentally redesigned Murray & Roberts, with its growth aspir

  38. Slide 38: Report to Stakeholders

    REPORT TO STAKEHOLDERS FOR THE YEAR ENDED 30 JUNE 2018 ENGINEERED EXCELLENCE

  39. Slide 39: Appendix

    REPORT TO STAKEHOLDERS FOR THE YEAR ENDED 30 JUNE 2018 APPENDIX ENGINEERED EXCELLENCE

  40. Slide 40: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 Net interest expense (41) (42) 1 Taxation (298) (161) (137) Income from equity accounted

  41. Slide 41: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 Revenue increased by 2% EBITDA 962 1 774 (812) 1. Slight increase in revenue mainly due to the delivery of the Ichthys LNG project within the Oil & Gas platform EBIT 487 1 275 (788) Continuing operations excluding

  42. Slide 42: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT EBITDA is reflected before 487 1 275 (788) Continuing operations 1. Depreciation excluding charge of R429m (FY2017: R431m) 1 055 1 343 (288) 2. Amortisation Middle East of intangible asse

  43. Slide 43: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 The increase Net interest in EBIT from the prior period is mainly attributable to expens

  44. Slide 44: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 Net interest expense (41) (42) 1 Net interest expense remained consistent with the prior

  45. Slide 45: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 Net interest expense (41) (42) 1 Taxation (298) (161) (137) The effective Income fromtax

  46. Slide 46: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 Net interest expense (41) (42) 1 Taxation (298) (161) (137) Income from equity accounted

  47. Slide 47: Statement of Financial Performance

    STATEMENT OF FINANCIAL PERFORMANCE Rm FY2018 FY2017 Variance Revenue 21 847 21 397 450 EBITDA 1 331 962 369 EBIT 864 487 377 Continuing operations excluding Middle East 898 1 055 (157) Middle East (34) (568) 534 Net interest expense (41) (42) 1 Taxation (298) (161) (137) Income from equity accounted

  48. Slide 48: Continuing Revenue and EBIT

    CONTINUING REVENUE AND EBIT • Meaningful contributions Revenue EBIT (excluding Corporate, Middle (excluding Corporate Cost, from all three platforms and East and Bombela Civils Joint Middle East and Bombela Civils investments Venture) Joint Venture) • Investments include the 12% Bombela Concession 4

  49. Slide 49: Continuing Revenue and EBIT

    CONTINUING REVENUE AND EBIT • A multinational business Geographic Revenue Geographic EBIT (excluding Corporate, Middle (excluding Corporate Cost, with 64% of revenue and East and Bombela Civils Joint Middle East and Bombela Civils 54% of EBIT generated Venture) Joint Venture) outside of South Africa

  50. Slide 50: Continuing Revenue and EBIT

    CONTINUING REVENUE AND EBIT Life Cycle EBIT • Contribution from Life Cycle Revenue (excluding Corporate, Middle (excluding Corporate Cost, construction activities - East and Bombela Civils Joint Middle East and Bombela Civils revenue (49%) and EBIT Venture) Joint Venture) (37%) 3% ( 3%) • Meaningful

  51. Slide 51: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Cash and cash equivalents 2 464 2 371 93 Assets classified as held for sale 51 397 (346

  52. Slide 52: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Movement in property, Other non-current plant and equipment assets 3 904 4 622 (718) 1. Current Decrease is attributable to capex (R436m) being offset by depre

  53. Slide 53: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 The increase Current in non-current assets is primarily attributable to assets 6 722 8 185 1. Cash A further 17% equiv

  54. Slide 54: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Current assets Cash and cashcomprise of equivalents 2 813 2 891 (78) 1. Assets Contract

  55. Slide 55: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Cash and cash equivalents 2 464 2 371 93 Cash consists Assets mainly classified of as h

  56. Slide 56: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Cash and cash equivalents 2 464 2 371 93 Assets classified as held for sale 51 397 (346

  57. Slide 57: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Cash and cash equivalents 2 464 2 371 93 Assets classified as held for sale 51 397 (346

  58. Slide 58: Statement of Financial Position

    STATEMENT OF FINANCIAL POSITION Rm June 2018 June 2017 Variance Total assets 14 286 14 203 83 Property, plant and equipment 1 996 2 058 (62) Other non-current assets 3 257 2 991 266 Current assets 6 518 6 386 132 Cash and cash equivalents 2 464 2 371 93 Assets classified as held for sale 51 397 (346

  59. Slide 59: Net Cash Reconciliation

    NET CASH RECONCILIATION 4 000 3 500 126 314 420 3 000 116 357 220 620 436 2 500 R millions 1 972 2 000 1 789 1 500 1 000 500 0 30 June EBITDA – Dividends Proceeds Working Other Interest, Additional Capex 30 June 2017 cash received on sale capital movements tax & investment 2018 items of fixed divide

  60. Slide 60: Discontinued Operations

    SIX MONTHS TO DECEMBER Discontinued Operations I&B Businesses Genrec Rm & other* Clough Properties Engineering Total 2018 2017 2018 2017 2018 2017 2018 2017 Revenue 269 3 364 3 7 253 303 525 3 674 Operating loss** (143) (209) (2) (4) (128) (68) (273) (281) Trading loss & other (143) (34). (2) (4) (1

  61. Slide 61: Corporate & Properties

    SIX MONTHS TO DECEMBER Corporate & Properties Rm Total 2018 2017 Operating loss (193) (216) Corporate overheads (161) (137) Forex profit/(loss) 10 (23) Share-based payments (23) (28) Properties (17) (28) Other (2) - 1. Movement in foreign currency exchange relating to inter-company loans © Murray &

  62. Slide 62: Business Model: Comprehensive Service Offering Across Project Life Cycle

    BUSINESS MODEL: COMPREHENSIVE SERVICE OFFERING ACROSS PROJECT LIFE CYCLE IN SELECTED NATURAL RESOURCES MARKETS Geography Business Platform Capabilities(Project Life Cycle) Project Life Cycle (Multinational) • Detailed engineering • Americas Design and • Procurement • Asia Engineering / Oil & Gas • C

  63. Slide 63: International Diversification into Main Geographic Markets

    INTERNATIONAL DIVERSIFICATION INTO MAIN GEOGRAPHIC MARKETS • International diversification approach - Permanent presence (offices) in regions with major opportunity in Calgary North Bay Ayrshire Vancouver selected natural resources Rouyn-Noranda market segments Salt Lake Sudbury Busan - Follow clien

  64. Slide 64: Improved Returns Through Project Life Cycle Diversification

    IMPROVED RETURNS THROUGH PROJECT LIFE CYCLE DIVERSIFICATION & INCREASED CONTRIBUTION FROM PHASES OTHER THAN CONSTRUCTION Typical return and margin range per life cycle phase 50 % Development Engineering Construction Operations Services 40 % 30 % 15-45% 20 % 0-40% 0-30% 0-30% 10-20% 10 % 0-15% 5-15%

  65. Slide 65: Focus on Value Creation

    FOCUS ON VALUE CREATION FY FY FY Value drivers Corporate action Key considerations & next steps 19 20 21 Strategy Strategic focus Focus on strategic framework (project lifecycle, natural resources sector) x x x execution International expansion strategy x x x and delivery Close-out Middle East and s

  66. Slide 66: Oil & Gas platform

    The Oil & Gas platform works with some of the world’s largest energy and resources companies to engineer, construct, commission and maintain a comprehensive range of infrastructure for energy, chemical, mining and mineral projects The platform operates from offices in Australia, South Africa, Scotla

  67. Slide 67: Clough and Oil & Gas businesses

    Clough works with some of the world’s largest companies to engineer, construct, commission and maintain a comprehensive range of facilities for oil and gas, metals and minerals, and infrastructure projects. The company’s full project lifecycle delivery model reduces risk and optimises safety, produc

  68. Slide 68: Underground Mining platform

    The Underground Mining platform provides specialist engineering, construction and operational services in the underground mining environment to the global mining and metals sector. The platform comprises the following businesses: Murray & Roberts Cementation (Johannesburg); Cementation Canada (North

  69. Slide 69: Cementation Canada & USA, Africa and RUC Mining

    Cementation Canada & USA is a leading provider of underground mining contracting and engineering services throughout North and South America. The company specialises in the design and construction of underground facilities including shaft, ramp accesses, mine development and raises, as well as large

  70. Slide 70: Power & Water platform

    The Power & Water platform, which is focused on engineering, procurement, construction and maintenance services, is playing a major role in building two of the world’s largest coal-fired power stations in South Africa, Eskom’s Medupi and Kusile Projects. The platform comprises three businesses: Aqua

  71. Slide 71: Power & Energy and Water businesses

    Murray & Roberts Power & Energy is the platform’s engineering, procurement and construction ("EPC") projects implementer, adding unique value to the constructability, integration and ultimate performance of the projects it undertakes. Murray & Roberts Power & Energy offers the full spectrum of multi

  72. Slide 72: Sponsored Level 1 ADR programme

    Murray & Roberts has a sponsored Level 1 ADR programme (Since 2009) Bloomberg ticker: MURZY CUSIP: 626805204 Ratio: 1 ADR: 1 Ordinary Share Exchange Traded: Over-the-counter (OTC) market Depositary bank: Deutsche Bank Trust Company Americas Depositary bank contact: Begonia Roberts (begonia.roberts@d

  73. Slide 73: Forward-looking statements

    1. This presentation includes certain various “forward-looking statements” within the meaning of Section 27A of the US Securities Act 10 1933 and Section 21E of the Securities Exchange Act of 1934 that reflect the current views or expectations of the Board with respect to future events and financial

  74. Slide 74: Report to Stakeholders

    REPORT TO STAKEHOLDERS FOR THE YEAR ENDED 30 JUNE 2018 ENGINEERED EXCELLENCE

Murray & Roberts Holdings — FY2018 Earnings Presentation on 6ix