Production and Sales Metrics; Covid-19 Update and Lake Charles Chemicals Project Status
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”)
PRODUCTION AND SALES METRICS FOR THE FINANCIAL YEAR ENDED 30
JUNE 2020; COVID-19 UPDATE AND LAKE CHARLES CHEMICALS PROJECT
(LCCP) STATUS
PRODUCTION AND SALES METRICS FOR THE FINANCIAL YEAR ENDED 30
JUNE 2020
Sasol has published its production and sales performance metrics including a hedging
update for the year ended 30 June 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-" target="_blank">https://www.sasol.com/investor-</a>
centre/financial-reporting/business-performance-metrics
Sasol is still in the process of completing its year-end processes and plans to issue an
updated Trading Statement on or before 31 July 2020.
COVID-19 UPDATE
As of 22 July 2020, Sasol’s total number of COVID-19 infections since the beginning of
the pandemic is 774, with the majority of cases recorded in South Africa. There are 561
active cases and two COVID-19 related deaths which occurred in South Africa. The
infected employees are receiving our full support. The increase in Sasol’s infection rates
is in line with the trend in South Africa. Up to now, there has been no material impact to
our operations. The continuous increase in COVID-19 infections within Sasol could
potentially impact our operations in the near-term. While we have implemented all
regulatory requirements and have the necessary controls in place, we will continue to
actively monitor and mitigate the impact.
LCCP STATUS
The last remaining LCCP unit to come online is the Low Density Polyethylene (LDPE)
plant, which was damaged during a fire in January 2020. Repair work to the unit is
ongoing and the unit is expected to achieve beneficial operation (BO) before the end of
October 2020. Some challenges were experienced in the completion of the restoration
process, resulting in a slight delay to the previous market guidance of a BO date before
September 2020.
Overall project completion was at 99% and capital expenditure amounted to
US$12,7bn.
23 July 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 28 October 2019 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: 23-07-2020 07:05:00
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