Murray & Roberts — Investor Presentation (June 2015)

38 slides from Murray & Roberts's investor presentation, Jun 29, 2015

Slide 1: Oil & Gas Platform Investor Presentation
OIL & GAS PLATFORM Investor Presentation K Gallagher 29 June 2015 ENGINEERED EXCELLENCE
Slide 2: Market & Business Overview, Platform Strategy, Products and Services
Market & Business Overview Platform Strategy Overview Products and Services Global Centers of Excellence © Murray & Roberts 2014 | 2 ENGINEERED EXCELLENCE
Slide 4: Clough's Vision and strategic imperatives
To achieve our vision, Clough must rebuild the order book to generate $3 billion in revenue by 2020. Our business must adapt to reflect changes in external market conditions:  Accelerated end to the construction super cycle in Australia  Dramatic reset in key commodity prices Clough’s Vision and s
Slide 5: Oil price surge in supply and lack of demand growth
 A surge in supply from USA WTI FOB Brent FOB 120 unconventional, Russia and Iraq  Lack of demand growth as China slows, 100 depressed growth in Europe & Japan 80  Opec cartel no longer supporting price 60  Strong US$ 40  N.Sea, Deep water and unconventionals marginal supply under threat 20  O
Slide 6: Committed project investment
COMMITTED PROJECT INVESTMENT ► Project proponents starting to delay project schedules in face of deteriorating market conditions ► Emerging bottleneck of projects at feasibility stage ► Business investment is cyclical and uncertain ► Potential for further investment in the future remains, but subjec
Slide 7: The US will grow to be the world's largest oil producer by 2035
THE US WILL GROW TO BE THE WORLD’S LARGEST OIL PRODUCER BY 2035 Mt Countries in the table highlighted Yellow have highest annual growth Top Countries: Crude Oil Production Country CAGR 2013 2035e Saudi Arabia 538 513 -0.22% Russia 524 448 -0.71% United States 439 601 1.44% China 213 209 -0.09% Canad
Slide 8: Significant gas growth predicted in US & Africa
SIGNIFICANT GAS GROWTH PREDICTED IN US & AFRICA Countries in the table highlighted Yellow have highest annual growth Top Countries: Natural Gas Production Country bcm CAGR 2013 2035e United States 690 1 001 1.7% Norway Russia 669 765 0.6% Africa total 200 428 3.5% Russia Qatar 162 269 2.3% Canada Ho
Slide 9: Global LNG opportunities by region
Canada - 10 LNG projects with export approval (totaling over 100 MTPA), UK – opportunities to Announced 160 leverage Booth Welsh MTPA. Significant presence in oil and gas, Heavy Oil/Oil Sands petrochemical and nuclear Indonesia – Eastern opportunities Indonesia Opportunities: Sulawesi, Timor, & West
Slide 10: 49 LNG Projects proposed or approved in the region
USA LNG Market Snapshot Canada ► 32 development approval applications received for Non-FTA ► 10 projects with export approval (totaling over 100 MTPA) export (circa 200 MTPA) ► 9 of the 10 are in BC ► Only 7 approved to date for Non-FTA (~100 MTPA) ► Only 2 have Environmental Approval (Kitimat & Pie
Slide 11: Australia and PNG capital and operating expenditure
Australia Total Capital Expenditure Total Operating Expenditure 40 15 32 12 US$ billion US$ billion 24 9 16 6 8 3 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 PNG Total Capital Expenditure Total Operating Expenditure 10 1 US$ billion 8 1 US$ bil
Slide 12: Global Marine and Australian Infrastructure
Global Marine Australian Infrastructure Product A$ Expenditure 2015 to Sectors 2019 Jetties $4,751M Water & Sewerage $12b Ports & Harbour $4,390M Nearshore Pipeline $392M Main Roads $32b MOF $350M Rail Infrastructure $38b Intake / Outfall $210M Ports and Marine $11b Supply Base $33M Power $4b Tug Pe
Slide 13: Staying strong through turbulent times – outperforming competitors
STAYING STRONG THROUGH TURBULENT TIMES – OUTPERFORMING COMPETITORS Two Year NPAT Growth Rate ► Clough delivered robust H1 result in turbulent market conditions LYL WOR CGH MND GNG DCG RCR DOW CLO 40% ► Continued strong 34% performance against 30% 26% industry peer group ► Business structured to 20%
Slide 15: 7 Strategic Imperatives
7 Strategic Imperatives 1. Build project management capability and bench strength Business 2. Implement systems and technology to enable reliable and efficient project Capability Strategic themes execution 3. Build global oil & gas EPC & EPCM products and services into a $1  Market diversification
Slide 16: Product/service strategy by region
PRODUCT / SERVICE AUSTRALIA & PNG ASIA EMEA NORTH AMERICA Engineering Maintain Grow Grow Grow Leverage market position to grow EPC, Establish MSAs with key clients, Leverage BW brand to win MSA and oil Leverage CH-IV to grow OE, process EPCM and MSA work. provide specialists skills through CH- and g
Slide 17: Our values drive competitive differentiation
We work sustainably and We understand our clients’ keep each other safe. Our needs and build strong win- goal is Zero Harm to our win relationships that add people, the environment and real value to our clients’ the communities in which we operations. work. We take accountability for We act with hon
Slide 18: Initiatives to improve client value & support the community
INITIATIVES TO IMPROVE CLIENT VALUE & SUPPORT THE COMMUNITY MAP ClearView Project Manager Academy Innovative Major Accident Prevention An assurance program and proprietary A program developed in collaboration program that brings the rigour of daily reporting software that enables with Stanford Unive
Slide 19: Organisation structure: M&R Oil & Gas Platform
M&R Corporate Services M&R Marine & Australian Infrastructure Platform M&R O&G Platform M&R Subsidiary Company CEO & Executive Chairman Oil & Gas, Marine & Australian Infrastructure Platform K.Gallagher Executive Director Executive Vice President HSSEQ & Governance HR & OD R.Ratneser K.Hollingsworth
Slide 21: We engineer to construct and construct to operate
WE ENGINEER TO CONSTRUCT AND CONSTRUCT TO OPERATE © Murray & Roberts 2014 | 21 ENGINEERED EXCELLENCE 21
Slide 22: The full spectrum of engineering services
THE FULL SPECTRUM OF ENGINEERING SERVICES Capabilities include:  Concept Evaluation  Regulatory Approvals  Project Feasibility Studies  Basis of Design  Front End Engineering Design  Detailed Design  Specialised Process Engineering Design  Engineering, Procurement, Construction and Project M
Slide 23: Engineering project examples
FPSO CLOV Project, Angola, Magnolia LNG Project – Owners Freeport LNG – Independent Africa Engineering Services, Louisiana, Engineer & FERC Approvals. USA Texas, USA E&I design, manufacture and install the water injection Control System for CH-IV $15m Owners Engineer CH-IV $15m FERC Feed contract fo
Slide 24: EPC, D&C or construct-only services
EPC, D&C OR CONSTRUCT-ONLY SERVICES Key Projects CSBP Ammonium Nitrate/Nitric Acid Plant Capabilities include: Number 3, Western Australia • Process Facilities Project management, EPC and pre-commissioning • Power Generation • Compression Facilities Santos K128 Upstream Facilities, Queensland Constr
Slide 25: The market leader in marine design and construct services
THE MARKET LEADER IN MARINE DESIGN AND CONSTRUCT SERVICES Key Projects FMG Anderson Point Facility (AP5) Capabilities include: Design and construction of a 306-metre long wharf  Import and Export Structures extension  Jetty Topsides  Ports and Port Development Chevron Wheatstone Project LNG Jetty
Slide 26: An attractive alternative to traditional commissioning models
AN ATTRACTIVE ALTERNATIVE TO TRADITIONAL COMMISSIONING MODELS Key Projects Chevron Wheatstone HUC, Western Australia Commissioning Services: Pre-commissioning, commissioning of float over deck  Completion Services systems, offshore hook-up, and start-up assistance.  Hook-up Services  Onshore and
Slide 27: Asset operations, maintenance and optimisation solutions
ASSET OPERATIONS, MAINTENANCE AND OPTIMISATION SOLUTIONS Key Projects Capabilities include: Conoco Philips Bayu-Undan Operations and Maintenance, Northern Territory • Reliability Modelling Operations and maintenance services for Bayu- Undan facilities • Maintenance Management and Execution Oil Searc
Slide 28: Global Centres of Excellence
€20 268. BOOTH WELSH BY Clough Coens Integrated Engineering S CH-IV pursuit of excellence CMR amec® bam Murray & Roberts GLOBAL CENTRES OF EXC
Slide 29: A global network of engineering and operating centers
A GLOBAL NETWORK OF ENGINEERING AND OPERATING CENTERS FOCUSED ON SPECIALIST SKILLS AND SUPERIOR VALUE © Murray & Roberts 2014 | 29 ENGINEERED EXCELLENCE
Slide 30: Full lifecycle services for control systems
FULL LIFECYCLE SERVICES FOR CONTROL SYSTEMS  Clough’s centre of excellence for electrical, instrumentation and automation design.  Market leaders in control system design and delivery.  Full spectrum of in-house control system services - concept and feasibility studies, design, build, installatio
Slide 31: A significantly strengthened LNG service for North American clients
A SIGNIFICANTLY STRENGTHENED LNG SERVICE FOR NORTH AMERICAN CLIENTS  US LNG engineering and consulting specialist  Provides the full spectrum of LNG consulting and design services from feasibility through to operation  Focus on protecting the developer’s investments across the entire project cycl
Slide 32: The Market Leader in Marine Design and Construct Services
 Integrates Clough’s design and construct capability with M&R’s international marine engineering division  For jetty and terminal projects located outside Australia and PNG Differentiators The Market Leader in Marine Design and Construct Services © Murray & Roberts 2015 | 32 ENGINEERED EXCELLENCE
Slide 33: Engineering to operations
ENGINEERING TO OPERATIONS  Australia’s leading multi-discipline owner’s commissioning contractor  Provides an independent commissioning solution across the entire project lifecycle  Plans and integrates commissioning requirements throughout the engineering, construction, start up and handover pha
Slide 34: Independent commissioning services for world's largest fabrication yards
 Offers an attractive alternative to the traditional commissioning model  Brings a skilled Korean workforce, training and development expertise, and extensive knowledge in the delivery of commissioning projects in Korean & Chinese fabrication yards.  Global resources that hook up and commission p
Slide 35: Clough AMEC
 Established in 2004  Maintenance, shutdown and turnaround services for operating oil and gas assets in Australia and PNG.  Clough AMEC’s services combine global experience and resources with superior local project delivery experience in engineering and maintenance delivery.  Draws on size and s
Slide 37: Forward-looking statements
This presentation includes certain various “forward-looking statements” within the meaning of Section 27A of the US Securities Act 10 1933 and Section 21 E of the Securities Exchange Act of 1934 that reflect the current views or expectations of the Board with respect to future events and financial a
Slide 38: Oil & Gas Platform
OIL & GAS PLATFORM Investor Presentation 29 June 2015 This presentation is available on http://www.murrob.com/fin_presentations.asp ENGINEERED EXCELLENCE

Murray & Roberts Holdings — Investor Presentation (June 2015) on 6ix

Murray & Roberts — Investor Presentation (June 2015)

Slide 1: Oil & Gas Platform Investor Presentation

Slide 2: Market & Business Overview, Platform Strategy, Products and Services

Slide 3: Engineered Excellence

Slide 4: Clough's Vision and strategic imperatives

Slide 5: Oil price surge in supply and lack of demand growth

Slide 6: Committed project investment

Slide 7: The US will grow to be the world's largest oil producer by 2035

Slide 8: Significant gas growth predicted in US & Africa

Slide 9: Global LNG opportunities by region

Slide 10: 49 LNG Projects proposed or approved in the region

Slide 11: Australia and PNG capital and operating expenditure

Slide 12: Global Marine and Australian Infrastructure

Slide 13: Staying strong through turbulent times – outperforming competitors

Slide 14: Engineered Excellence

Slide 15: 7 Strategic Imperatives

Slide 16: Product/service strategy by region

Slide 17: Our values drive competitive differentiation

Slide 18: Initiatives to improve client value & support the community

Slide 19: Organisation structure: M&R Oil & Gas Platform

Slide 20: Engineered Excellence

Slide 21: We engineer to construct and construct to operate

Slide 22: The full spectrum of engineering services

Slide 23: Engineering project examples

Slide 24: EPC, D&C or construct-only services

Slide 25: The market leader in marine design and construct services

Slide 26: An attractive alternative to traditional commissioning models

Slide 27: Asset operations, maintenance and optimisation solutions

Slide 28: Global Centres of Excellence

Slide 29: A global network of engineering and operating centers

Slide 30: Full lifecycle services for control systems

Slide 31: A significantly strengthened LNG service for North American clients

Slide 32: The Market Leader in Marine Design and Construct Services

Slide 33: Engineering to operations

Slide 34: Independent commissioning services for world's largest fabrication yards

Slide 35: Clough AMEC

Slide 36: Engineered Excellence

Slide 37: Forward-looking statements

Slide 38: Oil & Gas Platform