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H2 2013 FINANCIAL RESULTS – Sasol Limited

Sasol Limited · Mar 10, 2014 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 1
    Sasol Limited financial results for the six months ended 31 December 2013 better together ... we deliver
  2. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 2
    Introduction David E. Constable Chief Executive Officer better together ... we deliver
  3. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 3
    What you will hear today Key messages Creating long-term shareholder value Delivering and growing sustainably Strong headline earnings growth Taking decisive management action Excellent overall financial and operational…
  4. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 4
    Creating long-term shareholder value Delivering results through decisive leadership Factors influencing the share price Rand 96 582 Medium term catalyst: 146 500 US cracker 400 340 Short term catalyst: 300 business…
  5. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 5
    Delivering and growing sustainably Our broader contributions to South Africa in 1H14 Invested R10,8 billion (54%) of our CAPEX spend Contributed R205 million to date through the Ikusasa initiative R800 million total commitment…
  6. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 6
    Delivering and growing sustainably Key milestones in 1H14 Robust safety performance - RCR 0,30 Successful completion of largest shutdown in Synfuels history ORYX GTL plant continues to achieve production records - 94% utilisation…
  7. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 7
    Strong headline earnings growth Delivering shareholder returns Solid contributions across the value chain Synfuels normalised production volumes up by 3% Normalised cash fixed costs below SA PPI of 6,4% Operating profit up 33%,…
  8. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 8
    Taking decisive management action Business Performance Enhancement Programme Notable progress made on right-sizing and repositioning the organisation Implementing new operating model on 1 July 2014 Top management decision-making…
  9. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 9
    Financial and operational performance Paul Victor Acting Chief Financial Officer better together ... we deliver
  10. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 10
    Favourable macro environment Supported by weakening rand Higher US gas prices Weakening currency Brent /mmbtu (gas price) US/bbl US1 = Rand Product price Henry Hub R10,08 128 124 110 110 R8,48 3,71 3,14 1H13 1H14…
  11. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 11
    Group profitability Underpinned by SA Energy 1H14 1H131 % Strong overall performance from SA Energy SA Energy 21,2 16,5 28 despite largest shutdown in Synfuels history International Energy (6,6) (1,2) 467 Improved volumes and…
  12. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 12
    Cash fixed costs Increase within inflation Macro Costs and environment volumes 24 000 Rand million 21 000 (10,6%) 19 853 (0,4%) (0,4%) 19 993 17 948 18 000 15 000 12 000 9 000 6 000 3 000 0 1H13 Uncontrollable…
  13. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 13
    Improved operating profit Notwithstanding once-off items and year-end adjustments Macro Costs and environment volumes 30 000 Rand million 7% (32%) FY13 sales 37% volumes up 7% 25 000 (8%) (5%) 7% 19 381 20 000 18 280 15…
  14. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 14
    SA Energy Solid performance underpins group profit Operating profit (Rm) 1H14 1H131 % Mining impacted by recovery of export market Mining 1 351 1 302 4 and higher operating costs Gas includes profit on sale of SLG, with Gas 2 626 1…
  15. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 15
    International Energy ORYX GTL excels in performance Operating profit (Rm) 1H14 1H131 % SSI impacted by lower US GTL study costs SSI (435) (452) 4 and higher once-off charges SPI (6 137) (707) 768 SPI Production Volumes up 6% Mozambique…
  16. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 16
    Canadian shale gas assets Impairment overview Impairment triggers Talismans sale of its 50% share of the Montney asset to Progress (CAD1 320 million for its share of Farrell Creek and Cypress A) Other factors considered Further…
  17. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 17
    Chemicals Improved volumes and margins Operating profit (Rm) 1H14 1H131 % Polymers improved margins and sales Polymers (351) (1 124) 69 volumes stability benefits from EPU 5 Solvents higher solvents sales volumes and Solvents 358 29…
  18. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 18
    Investing for sustainable growth 54% of capital spend in South Africa Capital expenditure for 1H14 by region Estimated capital investments (R20 billion) 60 Rand billion 50,0 50 34% 42,0 40 30,4 54% 30 20 5% 7% 10…
  19. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 19
    We remain committed to delivering value to shareholders Record interim dividend Progressive dividend for growth Growth in headline earnings per share 20 60 Rand Rand Rand one year TSR 48% Rand five year TSR 122% 50 15…
  20. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 20
    FY14 profit outlook Strong operational performance underpinned by volatile macroeconomic conditions Macro Financial and operational Rand remains biggest external factor impacting Production profitability Synfuels FY14 target of…
  21. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 21
    Business Performance Enhancement Programme Cost savings realisation timeline Rand billion Cost trend from FY16 to follow inflation Potential upside to be confirmed Sustainable savings on FY12 base Peak Initial Final…
  22. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 22
    Strong investment case David E. Constable Chief Executive Officer better together ... we deliver
  23. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 23
    Advancing key capital projects Upcoming project milestones in the 2014 calendar year Progressing our world-scale ethane cracker and US GTL projects in Louisiana Project financing on track for Uzbekistan GTL project Commissioning…
  24. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 24
    Compelling investment proposition Creating sustainable value Existing asset base Growth opportunities Value creation Excellent operational Capitalising on gas Solid balance sheet performance monetisation options underpinning growth…
  25. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 25
    Questions and answers better together ... we deliver
  26. H2 2013 FINANCIAL RESULTS – Sasol Limited – slide 26
    Sasol Limited financial results for the six months ended 31 December 2013 better together ... we deliver

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