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Strategy

WE’RE BUILDING TO LAST –FROM SHORT -TERM RECOVERY TO LONG-TERM GROWTH

Two years ago, the new leadership team at Murray & Roberts implemented a three-year strategy for Recovery & Growth, with the aim of arresting the underperformance of the preceding years, stabilising the organisation and building a foundation for the future. In FY2012, we outlined strategic objectives for Recovery, these were mostly achieved, although certain objectives remain a work in progress.

FY2013 was the first of the two Growth years. While our strategic outlook has been short term by necessity, we are making good progress towards a New Strategic Future for the Group, which will take us from FY2015 towards our 2020 vision – to be the leading diversified engineering and construction group in its chosen sectors. As part of our strategic planning, we have defined exactly what we mean by “leading” and have set the performance dimensions we believe are necessary to realise our vision. These performance dimensions have been incorporated into the performance contracts of Group leadership.

The progress we have made in FY2013, in relation to each of the performance dimensions, is illustrated below as we build towards our vision and the achievement of sustained growth and value creation for all our stakeholders over the long term.

That’s what we mean when we say: “We build to last”.

PERFORMANCE DIMENSIONS

FINANCIAL
PROFITABILITY 70%
CASH FLOW 70%
RETURNS 70%
LEADERSHIP
STRATEGY IMPLEMENTATION 90%
TRANSFORMATION AND DIVERSITY 60%
LEADERSHIP SUCCESSION AND DEVELOPMENT 65%
RELATIONSHIP
STAKEHOLDER ENGAGEMENT 75%
EMPLOYER OF CHOICE 80%
OPERATIONAL
GOOD GOVERNANCE 80%
COMMERCIAL MANAGEMENT 70%
RISK
HEALTH AND SAFETY 80%
ENVIRONMENT 8%
RISK MANAGEMENT 75%