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Annual Results for the year ended 30 June 2022

Published: 2022-08-31 16:55:23 ET
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                                             (Incorporated in the Republic of South Africa)
                                             Registration number: 1948/029826/06
                                             JSE Share Code: MUR
                                             ISIN: ZAE000073441
                                             (“Murray & Roberts” or “Group” or “Company”)




SALIENT FEATURES


    Revenue
    R29,9 billion
    (FY2021: R21,9 billion)
                                                       EBIT
                                                       R705 million
                                                       (FY2021: R540 million)
                                                                                                                                                2022
                                                                                                                                                Annual Results
                                                                                                                                            for the year ended 30 June 2022
STRONG GROWTH IN REVENUE AND EARNINGS FROM CONTINUING OPERATIONS


                                                                                              ORDER BOOK, NEAR ORDERS AND PROJECT PIPELINE
    Order book                                          Near orders                           The Group’s strong order book of R59,5 billion (FY2021: R60,7 billion) and its significant near orders of R60,4 billion

    R59,5 billion                                       R60,4 billion                         (FY2021: R11,1 billion), includes high-profile, multi-year projects.

                                                                                                                                                                               Pipeline
    (FY2021: R60,7 billion)                             (FY2021: R11,1 billion)
                                                                                                                                             Order          Near
                                                                                              R billions                                     book         orders     Category 1      Category 2        Category 3
STRONG ORDER BOOK AND SIGNIFICANT NEAR ORDERS
                                                                                              Energy, Resources & Infrastructure              37,2          43,6            8,3            39,1            697,2
                                                                                              Mining                                          21,9          14,9           21,4            48,1             35,0
                                                                                              Power, Industrial & Water                        0,4            1,9           9,1            44,0             13,3
                                                                                              30 June 2022                                    59,5           60,4          38,8           131,2            745,5
                                                                                              31 December 2021                                 61,1          12,8          74,3            92,3            843,8

FINANCIAL RESULTS                                                                             30 June 2021                                    60,7           11,1          84,1            94,7            583,9



                                                                                              REPORT OF THE INDEPENDENT AUDITORS
R135              MILLION
                                                 Attributable earnings
                                                                                              The external auditors, PricewaterhouseCoopers Inc., have issued their opinion on the consolidated financial
                                                                                              statements for the year ended 30 June 2022. They have issued an unmodified audit opinion, which includes key
             (FY2021: R180 million loss)
                                                                                              audit matters, on the consolidated financial statements. A copy of the auditor’s reports, together with a copy of
                                                                                              audited consolidated financial statements are available for inspection at the Company’s registered office
                                                                                              and at the following link: http://www.murrob.com/inv-annual-results.asp

      58          CENTS
                                                 Diluted continuing headline
                                                 earnings per share
  (FY2021: 16 cents earnings per share)                                                       IMPORTANT INFORMATION                                                      PROSPECTS STATEMENT
                                                                                              This short-form announcement is the responsibility of the directors
                                                                                                                                                                         The Group’s strategic efforts over the past
                                                                                              of the Company and has not been reviewed or audited by the
                                                                                              Group’s auditors. The information disclosed is only a summary of           five years are bearing fruit as demonstrated

      61          CENTS
                                                 Diluted continuing earnings per
                                                 share
                                                                                              the full announcement and does not contain full or complete details.
                                                                                              Any investment decisions should be based on the consideration of
                                                                                              the full annual results announcement (“results”). Murray & Roberts’
                                                                                                                                                                         by its strong and consistent order book. Its
                                                                                                                                                                         order book, near orders and project
                                                                                                                                                                         pipeline underpin our expectation that the
   (FY2021: 18 cents earnings per share)                                                      results were released on SENS on 31 August 2022 and are                    Group will continue its multi-year earnings
                                                                                              available on the Company’s website www.murrob.com and                      growth trajectory. In the context of the
                                                                                              https://senspdf.jse.co.za/documents/2022/jse/isse/mur/FY22ARes.pdf         current commercial environment, the
                                                                                              Electronic copies of the results announcement will be emailed to           Group’s operating margin is expected to

 R1,1             BILLION
                                                 Net debt                                     stakeholders upon request from the Company’s investor relations
                                                                                              department or our sponsor at jsesponsor@standardbank.co.za,
                                                                                              during normal business hours. The investor relations department
                                                                                                                                                                         improve as from FY2024.

                                                                                                                                                                         Any forward-looking information contained
  (FY2021: R0,7 billion cash, net of debt)                                                    can be contacted at ed.jardim@murrob.com.                                  in this announcement has not been
                                                                                                                                                                         reviewed and reported on by the Group’s
                                                                                              Registered office: Douglas Roberts Centre, 22 Skeen Boulevard,             external auditors.
                                                                                              Bedfordview, 2007 PO Box 1000, Bedfordview, 2008

  R13             PER SHARE
                                                 Net asset value per share                    Directors: SP Kana* (Chairman) HJ Laas (Managing & Chief Executive)
                                                                                              DF Grobler JA Boggenpoel* R Havenstein*
                                                                                              NB Langa-Royds* AK Maditsi* B Mawasha* A Muller* DC Radley* CD
                                                                                                                                                                         On behalf of the directors:

                                                                                                                                                                         Suresh Kana
                  (FY2021: R11 per share)                                                     Raphiri*                                                                   Chairman of the Board
                                                                                              *Independent non-executive
                                                                                                                                                                         Henry Laas
                                                                                              Secretary: L Kok
                                                                                                                                                                         Group Chief Executive

 Nil                                              The Board has resolved not to
                                                  declare a dividend
                                                                                              Registrar: JSE Investor Services Proprietary Limited,
                                                                                              13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2001.
                                                                                              PO Box 4844, Johannesburg, 2000
                                                                                                                                                                         Daniël Grobler
                                                                                                                                                                         Group Financial Director
  (FY2021: Nil)
                                                                                              Sponsor: The Standard Bank of South Africa Limited                         Bedfordview
                                                                                                                                                                         31 August 2022



  www.murrob.com