Update on Sasol's Conference Call
JOHANNESBURG, March 9, 2020 /PRNewswire/ -- Sasol was scheduled to host a conference call on Tuesday, 10 March 2020, at 15:00 (SAST) in order to discuss the recent outcome of the periodic ratings review by S&P Global and Moody's.
Given the latest developments where oil prices have declined significantly and increased market volatility, the conference call will be moved to Tuesday, 17 March 2020, at 15:00 (SAST). This allows more time to assess the impact of these latest developments on the market and Sasol in particular.
Balance sheet protection remains a key priority. As communicated during the interim financial results, we continue to actively manage the balance sheet and several steps have already been taken to mitigate market volatility. This includes our hedging programme to mitigate commodity price movements and exchange rate exposures. We have hedged our US$/ZAR exchange rate and ethane exposure, but oil price exposure is not hedged for the remainder of FY20.
Conference call details:
Tuesday, 17 March 2020
+27 11 535 3600
+44 (0) 333 300 1418
United States (ET)
+1 508 924 4326
+27 11 535 3600
The transcript will be available from March 20, 2020 at 6:00 PM (SA) on Sasol's investor relations website.
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, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves, cost reductions, our Continuous Improvement (CI) initiative, 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.
For further information, please contact:
Sasol Investor Relations, please contact:
Feroza Syed, Chief Investor Relations Officer
Direct telephone: +27(0)10-344-7778
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SOURCE Sasol Limited