Lake Charles Chemicals Complex Status Update, Production & Sales Metrics for the three months ended 30 Sep 2020
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(“Sasol” or “Company”)
LAKE CHARLES CHEMICALS COMPLEX (LCCC) STATUS UPDATE, PRODUCTION
AND SALES METRICS FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2020
LAKE CHARLES CHEMICALS COMPLEX (LCCC) STATUS UPDATE
On 27 August 2020, Hurricane Laura made landfall near Sasol´s Lake Charles
Chemicals Complex (including Lake Charles Chemicals Project) in Southwest
Louisiana. Sasol was making significant progress towards a restart of the LCCC
facilities, which had to be suspended as a precautionary measure due to Hurricane
Delta. Hurricane Delta made landfall on 9 October 2020.
Preliminary assessments indicated no further damage caused by Hurricane Delta, and
we are also pleased to report that our employees have safely resumed their duties . The
availability of sufficient industrial-level power from the local provider has resulted in the
commencement of a coordinated startup of the complex. The impact of Hurricane
Laura on the total net saleable tons of our North American Operations was
approximately 170 kilotons in quarter one of financial year 2021.
Seven chemical manufacturing units have returned to operation and all remaining units
which were operating prior to Hurricane Laura are expected to return to operation by
end October 2020. Commissioning activities of our Low Density Polyethylene unit have
resumed, and beneficial operation is still trending towards end October 2020.
Sasol will continue to support its employees and the local community impacted by the
hurricanes with relevant resources and assistance.
PRODUCTION AND SALES METRICS FOR THE THREE MONTHS ENDED 30
SEPTEMBER 2020
Sasol has published its production and sales performance metrics for the three months
ended 30 September 2020, on the Company´s website at <a href="http://www.sasol.com" target="_blank">www.sasol.com</a>, under the
Investor Centre section or via this URL: <a href="https://www.sasol.com/investor-centre/financial-" target="_blank">https://www.sasol.com/investor-centre/financial-</a>
reporting/business-performance-metrics
A business outlook for Sasol North America is also provided in the Business
Performance Metrics report.
INVESTOR CONFERENCE CALL
Chief Executive Officer, Fleetwood Grobler, and Chief Financial Officer, Paul Victor, will
host a conference call via webcast (<a href="https://www.corpcam.com/Sasol22102020" target="_blank">https://www.corpcam.com/Sasol22102020</a> ) at 15:30
(SA time) on 22 October 2020.
22 October 2020
Johannesburg
Sponsor: Merrill Lynch South Africa Proprietary Limited
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and
relate to analyses and other information which are based on forecasts of future results
and estimates of amounts not yet determinable. These statements may also relate to
our future prospects, expectations, developments and business strategies. Examples of
such forward-looking statements include, but are not limited to, the impact of the novel
coronavirus (COVID-19) pandemic on Sasol’s business, results of operations, financial
condition and liquidity and statements regarding the effectiveness of any actions taken
by Sasol to address or limit any impact of COVID-19 on its business; statements
regarding exchange rate fluctuations, changing crude oil prices , volume growth,
increases in market share, total shareholder return, executing our growth projects
(including LCCP), oil and gas reserves, cost reductions, our climate change strategy
and business performance outlook. Words such as “believe”, “anticipate”, “expect”,
“intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and
“project” and similar expressions are intended to identify such forward-looking
statements, but are not the exclusive means of identifying such statements. By their
very nature, forward-looking statements involve inherent risks and uncertainties, both
general and specific, and there are risks that the predictions, forecasts, projections and
other forward-looking statements will not be achieved. If one or more of these risks
materialise, or should underlying assumptions prove incorrect, our actual results may
differ materially from those anticipated. You should understand that a number of
important factors could cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in such forward-looking
statements. These factors and others are discussed more fully in our most recent
annual report on Form 20-F filed on 24 August 2020 and in other filings with the United
States Securities and Exchange Commission. The list of factors discussed therein is not
exhaustive; when relying on forward-looking statements to make investment decisions,
you should carefully consider both these factors and other uncertainties and events.
Forward-looking statements apply only as of the date on which they are made, and we
do not undertake any obligation to update or revise any of them, whether as a result of
new information, future events or otherwise.
Date: 22-10-2020 07:05:00
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