Annual Integrated Report

2019

Gathering
Momentum

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Underground Mining + Oil & Gas + Power & Water

Taking Engineered Excellence from a slogan to a philosophy that pervades decisions and actions throughout the Group, depends largely on the calibre and commitment of Group leadership.
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The Group’s ability to sustainably deliver profitability relies on achieving strategic maturity. This entails diversifying our exposure across the natural resources market sectors in which we operate, across selected geographic regions with different market dynamics, and across the different phases of the engineering and construction project life cycle.
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The new strategic
Future
Unfolds

A MULTINATIONAL, SPECIALIST ENGINEERING AND CONSTRUCTION GROUP…

Murray & Roberts transferred its listing on the JSE from Heavy Construction to Diversified Industrials on 20 March 2017, the beginning of a new development trajectory.

…WITH A RESILIENT BUSINESS MODEL AND CLEARLY DEFINED STRATEGY…

Diversification of the business model and international expansion has deepened the Group’s resilience and growth potential, underpinned by its philosophy of Engineered Excellence and progress towards Zero Harm.

…A ROBUST FINANCIAL POSITION TO NAVIGATE BUSINESS CYCLES AND FUND GROWTH…

Low gross gearing and a robust cash position has enabled the Group to withstand market cyclicality and pursue its growth plans.

…AND A STRONG ORDER BOOK AND PROJECT PIPELINE SUPPORTING A POSITIVE LONG-TERM OUTLOOK.

Diversification across core and complementary markets, geographies and the project life cycle has resulted in a much improved, high-quality order book that will support an improving performance in the next few years.

FROM THE FOUNDATION SET OVER THE PAST FEW YEARS, MOMENTUM IS GATHERING IN THE GROUP’S IMPLEMENTATION OF THE NEW STRATEGIC FUTURE PLAN. AS THE GROUP’S BUSINESS PLATFORMS GAIN STRATEGIC MATURITY, THE OUTCOMES OF BUSINESS MODEL RESILIENCE, SUSTAINABLE GROWTH AND PROFITABILITY, AND EXCELLENCE AS A COMPETITIVE ADVANTAGE, ARE MOVING THE GROUP TOWARDS ITS ASPIRATIONS.

Strategic Milestones in the Past Eight Years

ENGINEERED
EXCELLENCE

FOR STRATEGIC
ADVANTAGE

Order Book

R46,8

Billion

30 JUNE 2018 R30,1 billion

Atributable Earnings

R337

Million

FY2018: R267 million

0 fatalities

THE GROUP RECORDED NO FATALITIES AND IMPROVED ON ITS INDUSTRY-LEADING SAFETY PERFORMANCE DURING THE YEAR.

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Managing
Our Material
Issues

Strategic maturity

4

Corporate Reputation

Maintain reputation as an ethical and responsible multinational organisation

Respond effectively to local requirements

Sustainable profitability

View Manging our material issues