MURRAY & ROBERTS HOLDINGS LIMITED - Interim results for the six months ended 31 December 2020

Interim results for the six months ended 31 December 2020

Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06 
JSE Share Code: MUR 
ISIN: ZAE000073441
("Murray & Roberts" or "Group" or "Company")

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

SALIENT FEATURES
Results for the six months under review were negatively affected by prolonged COVID-19 lockdown restrictions. 
The comparable prior six-month period ended before the outbreak of the pandemic.

- Record, quality order book
  R60,5 billion (FY2020 H1: R50,8 billion)

- Significant near orders
  R19,9 billion (FY2020 H1: R6,4 billion)

- Strong Category 1 project pipeline
  R94,7 billion (FY2020 H1: R70,5 billion)
  Circa R34 billion is on a sole-source basis

FINANCIAL RESULTS
- Revenue from continuing operations
  R10,8 billion (FY2020 H1: R10,8 billion)

- Earnings before interest and tax from continuing operations
  R117 million (FY2020 H1: R419 million)

- Attributable loss
  R167 million (FY2020 H1: R163 million profit)

- Diluted continuing headline loss per share
  8 cents (FY2020 H1: 49 cents profit)

- Cash, net of debt, improved
  R0,3 billion (FY2020 H1: R0,1 billion debt)

- Net asset value
  R11 per share (FY2020 H1: R12 per share)

PROSPECTS STATEMENT
Considering the Group's order book of R60,5 billion and near orders of R19,9 billion, it is well positioned for 
a return to profitability in FY2022 and to achieve meaningful earnings growth in the short to medium term.

The Group is confident that its growth plans are achievable and it has the necessary leadership, financial and
resource capacity to support these plans.

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
3 March 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 reviewed results
announcement ("results"). Murray & Roberts' results were released on SENS on 3 March 2021 and are available on the 
Company's website http://www.murrob.com and https://senspdf.jse.co.za/documents/2021/jse/isse/mur/FY21IRes.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: Link Market Services South Africa Proprietary Limited, 13th Floor, Rennie House, 19 Ameshoff Street, 
Braamfontein, 2001. 
PO Box 4844, Johannesburg, 2000. 

Sponsor: The Standard Bank of South Africa Limited

Email: clientservice@murrob.com 

Website: http://www.murrob.com

Date: 03-03-2021 03:21:00
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