Wrap Text
Annual Results for the year ended 30 June 2022
Murray & Roberts
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
("Murray & Roberts" or "Group" or "Company")
2022 Annual Results for the year ended 30 June 2022
SALIENT FEATURES
Strong growth in revenue and earnings from continuing operations
- Revenue R29,9 billion (FY2021: R21,9 billion)
- EBIT R705 million (FY2021: R540 million)
Strong order book and significant near orders
- Order book R59,5 billion (FY2021: R60,7 billion)
- Near orders R60,4 billion (FY2021: R11,1 billion)
FINANCIAL RESULTS
- Attributable earnings R135 million (FY2021: R180 million loss)
- Diluted continuing headline earnings per share 58 cents (FY2021: 16 cents earnings per share)
- Diluted continuing earnings per share 61 cents (FY2021: 18 cents earnings per share)
- Net debt R1,1 billion (FY2021: R0,7 billion cash, net of debt)
- Net asset value per share R13 per share (FY2021: R11 per share)
- The Board has resolved not to declare a dividend Nil (FY2021: Nil)
ORDER BOOK, NEAR ORDERS AND PROJECT PIPELINE
The Group's strong order book of R59,5 billion (FY2021: R60,7 billion) and its significant near orders of R60,4 billion
(FY2021: R11,1 billion), includes high-profile, multi-year projects.
Pipeline
Order Near
R billions book orders Category 1 Category 2 Category 3
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
30 June 2021 60,7 11,1 84,1 94,7 583,9
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 2022. 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's strategic efforts over the past five years are bearing fruit as demonstrated by its strong and consistent
order book. Its order book, near orders and project pipeline underpin our expectation that the Group will continue its
multi-year earnings growth trajectory. In the context of the current commercial environment, the Group's operating
margin is expected to improve as from FY2024.
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
31 August 2022
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 31 August 2022 and are available on the
Company's website www.murrob.com and https://senspdf.jse.co.za/documents/2022/jse/isse/mur/FY22ARes.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* A Muller* 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: 31-08-2022 03:55:00
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