Wrap Text
Annual results for the year ended 30 June 2021
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR ADR Code: MURZY
ISIN: ZAE000073441
("Murray & Roberts" or "Group" or "Company")
ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2021
SALIENT FEATURES
- Revenue from continuing operations R21,9 billion FY2020: R20,8 billion
- EBIT from continuing operations R540 million FY2020: R17 million loss
- Attributable loss R180 million FY2020: R352 million loss
- Diluted continuing earnings per share 18 cents FY2020: 97 cents loss
- Diluted continuing headline earnings per share 16 cents FY2020: 88 cents loss
- Significant, quality order book R60,7 billion FY2020: R54,2 billion
- Near orders R11,1 billion FY2020: R11,4 billion
- Unrestricted cash R1,6 billion FY2020: R1,5 billion
- The board has resolved not to declare a dividend FY2020: NIL
- Net asset value per share 11 Rand FY2020: R13 per share
ORDER BOOK, NEAR ORDERS AND PROJECT PIPELINE
The Group reported a strong order book of R60,7 billion (FY2020: R54,2 billion), which includes several
multi-year contracts. The project pipeline includes near orders of R11,1 billion (FY2020: R11,4 billion)
and Category 1 project opportunities of R84,1 billion (FY2020: R121,3 billion), of which circa R30 billion
is being negotiated on a sole-tender basis.
Pipeline
R billions Order book Near orders Category 1 Category 2 Category 3
Energy, Resources & Infrastructure 37,0 1,1 44,7 35,7 535,8
Mining 23,2 9,7 33,0 24,0 35,1
Power, Industrial & Water 0,5 0,3 6,4 35,0 13,0
30 June 2021 60,7 11,1 84,1 94,7 583,9
31 December 2020 60,5 19,9 94,7 116,7 562,7
30 June 2020 54,2 11,4 121,3 123,5 469,8
REPORT OF THE INDEPENDENT AUDITORS
The external auditors, PricewaterhouseCoopers Inc., have issued their opinion on the consolidated financial
statements for the year ended 30 June 2021. They have issued an unmodified audit opinion, which includes
key 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
PROSPECTS STATEMENT
The Group is on the cusp of a multi-year period of strong earnings growth, considering its return to profitability
for continuing operations, its strong order book of R60,7 billion and the growing demand for its services.
Over the next three years, the Group expects most of its revenue to be derived from its two international
business platforms, which have established credible positions in regions and sectors with sustainable growth
prospects.
The Group is confident that it has the leadership, financial and resource capacity to deliver on its aspirations.
Any forward-looking information contained in this announcement has not been reviewed and reported on by the
Group's external auditors.
On behalf of the directors:
Suresh Kana Henry Laas Daniel Grobler
Chairman of the Board Group Chief Executive Group Financial Director
Bedfordview
1 September 2021
IMPORTANT INFORMATION
This short-form announcement is the responsibility of the directors of the Company and has not been reviewed or audited
by the Group's auditors. The information disclosed is only a summary of 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' results were released on SENS on 1 September 2021 and are available on the Company's website
www.murrob.com and https://senspdf.jse.co.za/documents/2021/jse/isse/mur/FY21ARes.pdf
Electronic copies of the results announcement will be emailed to 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 can be contacted at ed.jardim@murrob.com.
Registered office: Douglas Roberts Centre, 22 Skeen Boulevard, Bedfordview, 2007 PO Box 1000, Bedfordview, 2008
Directors: SP Kana* (Chairman) HJ Laas (Managing & Chief Executive) DF Grobler JA Boggenpoel* R Havenstein* NB
Langa-Royds* AK Maditsi* B Mawasha* DC Radley* CD Raphiri*
*Independent non-executive
Secretary: L Kok
Registrar: JSE Investor Services Proprietary Limited, 13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2001.
PO Box 4844, Johannesburg, 2000
Sponsor: The Standard Bank of South Africa Limited
www.murrob.com
Date: 01-09-2021 03:50:00
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