Murray & Roberts — Investor Day (June 2021)
15 slides from Murray & Roberts's investor day presentation, Jun 23, 2021
Slide 1: Power, Industrial & Water: Investor Day
POWER, INDUSTRIAL & WATER: INVESTOR DAY S. HARRISON 23 JUNE 2021
Slide 2: Presentation Overview
PRESENTATION OVERVIEW Steve Harrison Platform overview & Strategy Market overview Key opportunities Key risks Presentation takeaways 2
Slide 3: Power, Industrial & Water Platform Overview
POWER, INDUSTRIAL & WATER PLATFORM OVERVIEW Market focus: SSA • Sub-Saharan Africa: Power, industrial and water markets Market conditions: • Limited investment in sub-Saharan Africa Order book: • December 2020: R0,4 billion Platform prospects: • No projects of any significant value recently secured
Slide 4: Market Overview: Corporate and South Africa Focus FY2022
POWER, INDUSTRIAL & WATER MARKET OVERVIEW DIVISION / COMPANY KEY FOCUS FY2022 MURRAY & ROBERTS POWER, INDUSTRIAL & WATER PLATFORM CORPORATE • Integration of the Optipower business with the Wade Walker business to form a single Electrical OHL, HV, MV and LV service offering across the value chain and
Slide 5: Market Overview: Power and Oil & Gas Focus FY2022
POWER, INDUSTRIAL & WATER MARKET OVERVIEW DIVISION / COMPANY KEY FOCUS FY2022 POWER: MURRAY & ROBERTS POWER, INDUSTRIAL & WATER PLATFORM • With the increased drive for private participation in the power generation sector as related to the IRP 2019 and the 100MW self generation cap together with the
Slide 6: Market Overview: Water Platform Focus FY2022
POWER, INDUSTRIAL & WATER MARKET OVERVIEW DIVISION / COMPANY KEY FOCUS FY2022 MURRAY & ROBERTS POWER, INDUSTRIAL & WATER PLATFORM SOUTH AFRICA • Tough market conditions persist resulting from lack of available Public Sector funding • R333bn funding gap over 10years – National Water & Sanitation Mast
Slide 7: Market Overview: New Venture Commercial Solar
POWER, INDUSTRIAL & WATER MARKET OVERVIEW DIVISION / COMPANY KEY FOCUS FY2022 MURRAY & ROBERTS POWER, INDUSTRIAL & WATER PLATFORM NEW VENTURE • Commercial PV solar roof installations are gaining momentum in South Africa and SSA as the legislation is more relaxed to allow self generation up to 10MW a
Slide 8: Key Opportunities: Battery Energy Storage
KEY OPPORTUNITIES BATTERY ENERGY STORAGE Eskom have launched 3 packages for Battery Energy Storage Systems at their existing generation plants: 1. Package 1: Skaapvlei Sub-station, Sere Windfarm. BESS 80MW/320MWh EPC + 5 year O&M 2. Package 2: a. Lot A: Eskom Melkhout (35MW/140MWh) Substation. Coega
Slide 9: Key Opportunities: Integrated Resources Plan
KEY OPPORTUNITIES INTEGRATED RESOURCES PLAN Department of Minerals Resources and Energy has gazetted its Integrated Resources Plan 2019 for which it is expected in the short- medium procurement of: 1. 2600 MW Renewable Energy from PV Solar and Wind – Bid Window 5 – Currently in Bid Phase – Closes in
Slide 10: Key Opportunities: 100MW Self Generation
KEY OPPORTUNITIES 100MW SELF GENERATION President Cyril Ramaphosa announced on 10 June 2021 that the licence-exemption cap on self- or distributed- generation plants would be raised from 1 MW to 100 MW: What is expected? • This reform is expected to unlock significant investment in new generation ca
Slide 11: Key Opportunities: Wade Walker Solar Commercial PV
KEY OPPORTUNITIES WADE WALKER SOLAR – COMMERCIAL PV 1 -10MW • The new WW Solar JV business with Phoenix Squared targeting 1 – 10MW industrial and commercial Solar PV ( panels, inverters, batteries). • Supply chain participation in JV with Aardent – short / medium / long term • Agreement with Energy
Slide 12: Key Opportunities: Transmission Lines
KEY OPPORTUNITIES TRANSMISSION LINES 12
Slide 13: Key Risks
KEY RISKS • The platform’s main market is the public sector, where investments in projects have been very slow and delayed • The platform is reliant on market conditions (macro) to reach sufficient scale order book/pipeline. Current market insufficient to support a sustainable business • Breaking in
Slide 14: Presentation Takeaways
PRESENTATION TAKEAWAYS • Platform to focus on achieving stability and sustainability over a three-year horizon of FY2022 to FY2024. Current market insufficient to support a sustainable business • Murray & Roberts Power & Energy: • Short to medium term: Ongoing mechanical maintenance and outages at K
Slide 15: Power, Industrial & Water: Investor Day
POWER, INDUSTRIAL & WATER: INVESTOR DAY S. HARRISON 23 JUNE 2021 This presentation is available on www.murrob.com EXCELLENCE