GLOSSARY OF TERMS

ALL
A
B
C
E
F
G
H
I
J
K
L
M
N
O
P
R
S
T
V
W
AI
Artificial Intelligence
AGM
Annual General Meeting
APAC
Asia-Pacific
ATON
ATON GmbH
BBBEE
Broad-based Black Economic Empowerment
BCC
Bombela Concessions Company
BCJV
Bombela Civils Joint Venture
BESS
Battery Energy Storage System
Board
The Board of Murray & Roberts Holdings Limited
BOC
Bombela Operating Company
Bpd
Barrel per Day
Brownfield
Existing, developed infrastructure on which expansion or redevelopment occurs
CEO
Chief executive officer
CFO
Chief financial officer
CAGR
Compound Annual Growth Rate
CAPEX
Capital Expenditure
Company
Murray & Roberts Holdings Limited
CPSP
Clough Phantom Share Plan
CSI
Corporate social investment
CSR
Corporate social responsibility
CRM
Critical Risk Management
Companies Act
Act 71 of 2008 (as amended)
EBIT
Earnings Before Interest and Tax
EBITDA
Earnings Before Interest, Tax, Depreciation and Amortisation
EE
Employment Equity
EMEA
Europe, Middle East & Africa
EPC
Engineering, Procurement and Construction
EPCM
Engineering, Procurement, Construction and Management
EPS
Earnings Per Share
ERI
Energy, Resources & Infrastructure
ESG
Environmental, Social and Governance
FCF
Free cash flow
FID
Final Investment Decision
FSP
Forfeitable Share Plan
FY2020
For the year ended 30 June 2020
FY2021
For the year ended 30 June 2021
GCR Mongolia
Joint venture between Clough, RUC Cementation Mining and Gobi Infrastructure Partners
Greenfield
New, undeveloped property where there is no need to work within the constraints of existing buildings or infrastructure
GRI
Global Reporting Initiative
Group
Murray & Roberts Holdings and its subsidiaries
HEPS
Headline earnings per share
HDSA
Historically Disadvantaged South Africans
HPH
High Potential Hazard
HPI
High Potential Incident
HSE
Health, Safety and Environment
IAS
International Accounting Standards
IFRS
International Financial Reporting Standards
Independent Board
Independent Board constituted to respond to the offer by ATON
IIRC
International Integrated Reporting Council
IPP
Independent Power Producers
IRBA
Independent Regulatory Board for Auditors
JSE Limited
Johannesburg Stock Exchange
JV
Joint Venture
King IV
King IV Report on Corporate Governance™ for South Africa, 2016
KPI
Key performance indicator
KPA
Key Performance Area
Km
Kilometre
kV
kilovolt
LNG
Liquefied Natural Gas
LTI
Long-term incentives
LTI
Lost-time injury
LTIFR
Lost Time Injury Frequency Rate
LTCSIP
Long-Term Cash Settled Incentive Plan
m
metres
MAP/CRM
Major Incident Prevention/Critical Risk Management
M&A
Mergers & Acquisitions
MRPE
Murray & Roberts Power & Energy
MRW
Murray & Roberts Water
Mtpa
Million Metric Tonnes Per Annum
MW
Megawatt
Near Orders
Tenders where the Group is the preferred bidder and final award is subject to financial/commercial close
NPI
Non-process Infrastructure
OEM
Original Equipment Manufacturers
OHP
Ore Handling Plant
OMS
Opportunity Management System
O&M
Operations & Maintenance
Order Book
Confirmed and signed project orders
Order Book Pipeline
Tenders, budgets, feasibilities and prequalifications the Group is currently working on (excluding Near Orders). It also includes opportunities which are being tracked and are expected to come to the market in the next 36 months
PIW
Power, Industrial and Water
PV
Photovoltaic
PNG
Papua New Guinea
PPE
Property, Plant and Equipment
PPP
Public Private Partnership
RAP
Reconciliation Action Plan
REIPPP
Renewable Energy Independent Power Producer Procurement
RMIPP
Risk Mitigation Independent Power Producer
RMPP
Risk Mitigation Power Purchase
ROE
Return on Equity
ROICE
Return on Invested Capital Employed
RONA
Return on Net Assets
SADC
Southern African Development Community
SDG
Sustainable Development Goals
Share Option Scheme
Murray & Roberts Holdings Limited Employee Share Incentive Scheme
SME
Small to medium enterprises
SMPEI
Structural, Mechanical, Piping, Electrical, Instrumentation
STI
Short-term incentives
TBM
Tunnel Boring Machine
TCFD
Task Force on Climate-related Financial Disclosures
TFCE
Total Fixed Cost of Employment
TJ/day
Terajoule per day
TNT
Terra Nova Technologies
TRCR
Total Recordable Case Rate
TRIR
Total Recordable Incident Rate
TSR
Total Shareholder Return
VFL
Visible Felt Leadership
Vulindlela
Letsema Vulindlela Black Executives Trust
WACC
Weighted Average Cost of Capital