JOHANNESBURG, April 29, 2021 /PRNewswire/ --
Production And Sales Metrics For The Nine Months Ended 31
March 2021
Sasol has published its production and sales metrics for the
nine months ended 31 March 2021 on
the Company´s website, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-reporting/business-performance-metrics
New Operating Model
As previously communicated, Sasol's response plan to mitigate
the impact of the COVID-19 pandemic and lower oil prices included
near-term deleveraging measures together with a reset of the
strategy and operating model to position the business for sustained
profitability in a low oil price environment. The new operating
model is now in place and allows the business to be more agile,
cost competitive and customer focused.
The non-financial information contained in the business
performance metrics for the nine months ended 31 March 2021 has been presented in accordance
with the new operating model. The financial information has
been restated for financial years 2019, 2020 and half year
2021.
Additional information, including a revised overview of the
business and modelling guidance for analysts and investors, is
available on Sasol's website:
https://www.sasol.com/investor-centre/reporting/other-market-updates/new-operating-model
Trading Statement For The Financial Year Ending 30 June 2021
Sasol's shareholders are advised that for the financial year
ending 30 June 2021 (FY21) headline
earnings per share (HEPS) are expected to improve by at least 20%,
compared to the headline loss per share of R11,79 reported for the
year ended 30 June 2020. Earnings per
share (EPS) are also expected to improve by at least 20%, compared
to the loss per share of R147,45 reported for the year ended
30 June 2020.
For the six months ended 31 December
2020, Sasol reported HEPS of R19,16 per share and EPS of
R23,41 per share.
Sasol's FY21 results may still be impacted by a number of
factors including adjustments resulting from the year-end closure
process. A comprehensive trading statement will be published as
soon as there is more certainty.
The financial information on which this trading statement is
based has not been reviewed and reported on by the Company's
external auditors. Sasol's audited FY21 results will be announced
on Monday, 16 August 2021.
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, Investor Relations
Officer
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com
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.
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SOURCE Sasol Limited