Sasol Limited audited financial results for the year ended 30 June 2014 JSE: SOL NYSE: SSL
Introduction David E Constable President and Chief Executive Officer
What you will hear today Key messages A new era for Sasol repositioned, restructured and focused Gas-based growth in Southern Africa Business performance enhancement programme delivering results Broader contributions to South…
A new era for Sasol Group-wide change programme 2012 Started to reposition the organisation Drove a single set of priorities with safe, stable and efficient operations at the core 2013 Prioritised our project portfolio Articulated…
A new era for Sasol Repositioned, restructured and focused Gas-based projects Disposal of Solvents Disposal of Arya in the US and Canada business in Germany business in Iran Qatar capacity Selected chemicals utilisation…
A new era for Sasol Significant progress across key metrics in the last 3 financial years Headline earnings per share up 78% (compounded annual growth 21%) Dividend per share up 65% (compounded annual growth 18%) Share price…
Gas-based growth in Southern Africa 9 of 17 largest gas discoveries in the last 5 years are in sub-Saharan Africa Increasing production from Pande and Temane, Top 17 global gas discoveries 2008-2013 Mozambique 4 000 mmboe Gas…
Business performance enhancement programme delivering results Internal reorganisation on track Leadership structures and appointments concluded Restructuring process to be concluded in FY15 New value chain-based operating model in…
Broader contributions to South Africa Strategies well-aligned with the National Development Plan Invested R22 billion in capital expenditure R60 billion in the last 3 years Contributed R36 billion to direct and indirect taxes R95…
Strong operational performance underpinning excellent financial results Business drivers supporting further earnings improvements Solid foundation of safe and reliable operations Synfuels production volumes of 7,6 million tons -…
Financial and operational performance Paul Victor Acting Chief Financial Officer
Favourable macro environment supported by weakening rand Higher US gas prices and crude oil Weakening currency /mmbtu (gas price) US1 = ZAR US/bbl Brent R10,39 Henry Hub 108,66 109,40 R8,85 3,51 4,30 FY13 FY14…
Group profitability Underpinned by SA Energy FY14 FY13 % Strong overall performance from SA Energy SA Energy 41,2 36,6 12 despite largest shutdown in Synfuels history International Energy (6,9) (2,8) 140 Increased volumes and higher…
Cash fixed costs Normalised costs 1,8% below South African PPI Costs and Restructuring Macro environment volumes cost 50 000 Rand million (5,2%) 44 265 (7,3%) 39 540 1,8% 38 825 (1,3%) 40 000 30 000 20 000 10…
Operating profit, including equity accounted earnings, improved by 12% Notwithstanding once-off items and year-end adjustments Macro Costs and environment volumes 60 000 Rand million 28% 3% (16%) 50 000 (6%) 7% 45 818 (4%)…
SA Energy Synfuels production exceeds expectations Operating profit (Rm) FY14 FY13 % Mining increased production volumes and Mining 2 453 2 214 11 normalised mining unit cost contained to 7% Gas 4 175 3 919 7 Gas increased sales…
International Energy ORYX GTL delivers record utilisation Operating profit (Rm) FY14 FY13 % ORYX GTL average utilisation rate of 97% SSI (935) (991) 6 SSI lower operating loss, partial impairment SPI (5 981) (1 886) 217 of investment…
Chemicals Improved margins and volumes Operating profit (Rm) FY14 FY13 % Polymers excluding R732 million once-off Polymers (767) (1 506) 49 items, operating business close to break even Solvents 200 825 76 Solvents increased margins,…
Business performance enhancement programme Cost savings realised, target increased Rand million Cost trend from FY16 to follow inflation Further potential upside Sustainable cost reduction R1,5bn expected savings R469m…
We remain committed to delivering value to shareholders Record interim dividend Progressive dividend growth Growth in headline earnings per share 25 70 Rand Rand Rand one year TSR 53% 60 Rand five year TSR 184% 20 50 15…
Investing for sustainable growth 57% of capital spend in South Africa Capital expenditure for FY14 by region Estimated capital expenditure (R40 billion) 70 Rand billion 65 60 30% 50 50 40 40 57% 30 6% 20 7% 10…
FY15 profit outlook Business drivers support further earnings improvements Production outlook Synfuels volumes expected between 7,5 and 7,6 million tons Average utilisation of ORYX GTL is expected to be about 85% (statutory…
Compelling investment case David E Constable President and Chief Executive Officer
Lake Charles Chemicals Project well advanced On track for final investment decision Front-end engineering design work nearing completion with long leads ordered Term-based feedstock supply contracts in place and pipeline…
Compelling investment case Creating sustainable value Existing asset base Growth opportunities Value creation Record operational Near-term incremental Solid balance sheet and performance growth strong cash flow support New…
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