Murray & Roberts — Investor Day (June 2021)
14 slides from Murray & Roberts's investor day presentation, Jun 23, 2021
Slide 1: Mining: Investor Day
MINING: INVESTOR DAY M. DA COSTA 23 JUNE 2021 EXCELLENCE
Slide 2: Presentation Overview
PRESENTATION OVERVIEW Mike da Costa Business overview & strategy Current projects Market overview Key opportunities Key risks Presentation takeaways 2
Slide 3: Mining Platform Overview
MINING Market focus: • Global: Underground mining services and PLATFORM OVERVIEW material logistics, in global metals and minerals markets AMERICAS SSA APAC • Sub-Saharan Africa: Underground and open pit mining Vancouver Market conditions: Salt Lake City North Bay • Capital investment in the mining
Slide 4: Two Main Strategic Thrusts
TWO MAIN STRATEGIC THRUSTS Growth Engineered Excellence Safety and Risk Management Improved Productivity Organic Improved Asset Performance Acquisition Strategic Procurement Improved Management Information Key Enabler Key Enabler Organisational Capacity Digitalization and Innovation 4
Slide 5: Current Projects: Venetia and Kalagadi Manganese
CURRENT PROJECTS VENETIA AND KALAGADI MANGANESE De Beers, Venetia – Limpopo, South Africa Scope includes: 1.Detailed Design of Headworks, Sinking Plant, Permanent Hoisting Plant, Shaft, Furnishings and Conveyances 2.Construction of Temp Headworks, Hoistrooms, and Sinking Plant 3.Portal access to the
Slide 6: Current Projects: Tanami and Freeport
CURRENT PROJECTS TANAMI AND FREEPORT Newmont, Tanami Mine – Northern Territory, Australia Cost reimbursable contract for the construction of permanent surface facilities, (winders, conveyors, headframe) and the equipping and lining of a 1,400m deep shaft @ 5.5m diameter. Scope of work includes; • SM
Slide 7: Metal Price Forecasts
METAL PRICE FORECASTS METAL PRICES ARE FORECAST TO CONTINUE INCREASING IN THE NEAR TO MEDIUM TERM, ALTHOUGH AT A SLOWER RATE THAN THAT OF THE PAST YEAR Gold Copper Nickel Manganese Platinum Chrome 7
Slide 8: Total Capex by Commodity
TOTAL CAPEX BY COMMODITY GOLD TO ATTRACT INVESTMENTS AT HIGHER RATES WHILE IRON ORE AND COAL STRUGGLE Global mining capex by commodity 2021-2025 Comments In US$ billion • Gold attracts largest share of capex +6.8% 214 and continues to grow at 12.4% 193 199 CAGR '21-'25. Strong rally in gold 180 64 C
Slide 9: Total Capex by Region
TOTAL CAPEX BY REGION CAPEX IN AMERICAS GROWS FASTEST AT 8.8% CAGR ('21-'25) WHILE MAINTAINING LARGEST SHARE GLOBALLY, EUROPE SHRINKS AT -0.6% CAGR Global mining capex by region 2021-2025 Comments In US$ billion • Capex in Americas (primarily +6.8% 214 Canada and Latam) expected to 193 199 24 grow f
Slide 10: Order Book
ORDER BOOK COVID-19 - DEFERRED CAPITAL INVESTMENT 25 Comments • Order book erosion as COVID-19 results 20 in uncertainty and deferred capital investment decisions • Indications are that this may be 15 reversing now, although less so in North America • The award of two projects of significant 10 valu
Slide 11: Key Opportunities
KEY OPPORTUNITIES ROBUST PIPELINE OF NEAR TERM OPPORTUNITIES Project Estimated Value Status Estimated Start (R 000) PGM Project, Zimbabwe 8 500 000 Sole Source Q4 FY22 Mogalakwena Trial Mine, South 1 300 000 Category 1 Q3 FY22 Africa IvanPlats Development, South 1 300 000 Category 1 Q3 FY22 Africa B
Slide 12: Key Risks
KEY RISKS • Not maintaining schedule and margin on major projects resulting in a negative impact on revenue and earnings • Rapid growth in work results in severe skills shortage in the industry, which negatively impacts the ability to respond to the demand for our services and drives up costs, erodi
Slide 13: Presentation Takeaways
PRESENTATION TAKEAWAYS • Our strategy has two major components, Growth and pursuit of Engineered Excellence. We have made progress in terms of the achievement of our strategic objectives to date and will continue to progress these further during FY2022 • In support of the overall platform strategy,
Slide 14: Mining: Investor Day
MINING: INVESTOR DAY M. DA COSTA 23 JUNE 2021 This presentation is available on www.murrob.com EXCELLENCE