ANNUAL REPORT 2001 Group Profile and Core Values Transformation Strategy Financial Highlights Segmental Analysis Chairman's Statement Chief Executive's Report to Stakeholders Group Directorate and Executive Corporate Governance Risk Management Share Performance Financial Performance Analysis of Shareholders Annual Financial Statements Picture Gallery

Transformation Strategy

Murray & Roberts is transforming from a reliance on the mobilisation of Assets and Resources to the leverage of Knowledge and Solutions.

Engineering is our expertise.
It is the skill that we know best and have practised for a century. We apply this skill in all of our businesses – from those that serve the construction, industrial and mining markets, to those that fabricate engineered products for the automotive and transportation sectors.

Our business is contracting.
It is the nature of our business transactions, the way that we negotiate and agree the legal, commercial and technical terms of projects that governs the relationships and conduct of parties in the subsequent implementation. Our ability to deliver major projects, engineered products and managed facilities for our customers on time, within budget and at a financial return depends as much on the strength of our contracting ability as it does on our
engineering excellence.

Industrial design is our core competence.
It is our ability to adapt and innovate in order to construct or manufacture better, faster, at lower cost and within environmental constraints. Industrial design is the factor that differentiates us from our competitors and gives us a competitive edge.

Our mission is world class fulfilment.
Our ultimate strategic objective is to deliver projects and engineered products that fulfil customer specifications, on time and within budget. We leverage our South African expertise to deliver Major Projects into the high growth markets of developing economies. We leverage our South African competitiveness to deliver Engineered Products into the large markets of developed economies.

We focus on two value chains:

The Extraction, Beneficiation and Industrialisation of Natural Resources sourced primarily from developing economies and destined primarily for developed economies.

We apply our unique combination of engineering design, manufacturing, construction and project management skills to all stages of the value chain from the extraction of natural resources and the implementation of major industrial plants used for the beneficiation of natural resources, to the manufacture of engineered products in our own facilities.

Our core competence enables us to play a key role in the delivery of new industrial capacity to emerging economies by developing infrastructure in the mining, metals, minerals, food and beverage, pulp and paper, oil and gas and petrochemical industries.

The Construction Economy
where we leverage our expertise to deliver major projects serving the development of emerging economies.
Our ability to innovate in order to suit the environments in which we work has positioned us as a leading contractor, able to deliver world class solutions across the broad spectrum of building and infrastructure.