MURRAY & ROBERTS HOLDINGS LIMITED - Voluntary Trading Statement For The Six Months Ended 31 December 2019

Voluntary Trading Statement For The Six Months Ended 31 December 2019

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 the “Company” or “Group”)

VOLUNTARY TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

When compared to the previous corresponding six-month period to 31 December 2018, Murray
& Roberts expects the order book, revenue from continuing operations and total earnings
before interest and tax to show improvement. However, the Group expects a decline in
attributable earnings, following an increase in interest expense. Accordingly, the Group
expects a decline in total earnings per share (“EPS”) and headline earnings per share
(“HEPS”), for the six months to 31 December 2019 (“FY2020 H1”).

The Company expects to report FY2020 H1 results within the following ranges:

                         31 December 2019       31 December 2019        31 December 2018
                           Expected range         Expected range              Actual
                                (%)                   (cps)                   (cps)
 EPS
 Basic EPS                    (17) – (4)              39 – 45                   47
 Diluted EPS                  (17) – (4)              38 – 44                   46
 HEPS
 Basic HEPS                   (17) – (4)              38 – 44                   46
 Diluted HEPS                 (16) – (2)              38 – 44                   45

A STABLE BUSINESS GAINING MOMENTUM

Over the past number of years, Murray & Roberts transformed into a multinational
specialised engineering and construction Group, delivering projects across five continents.
The New Strategic Future strategy, underpinned by the philosophy of Engineered
Excellence, included the disposal of non-core businesses and refocused the Group on the
natural resources sector. The Group returned to profitability during a period of prolonged
adverse market conditions and resumed paying annual dividends.

Murray & Roberts has now established a stable base from which it can grow organically
and through acquisition.

The Group remains optimistic about the longer-term outlook for the natural resources
markets, and the selected complementary markets should bring some mitigation to the
impact of cyclicality in the natural resources market.

PUBLICATION OF INTERIM FINANCIAL RESULTS

Murray & Roberts intends to publish its interim financial results for the six months to 31
December 2019 on SENS on Wednesday, 4 March 2020 before 17:00 (CAT).

Shareholders are advised that the financial information on which this voluntary trading
statement is based, has not been audited or reviewed and reported on by the Group’s
external auditors.

Bedfordview

27 February 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 27-02-2020 11:00:00
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