Sasol(SSL)
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After Plunging -11.81% in 4 Weeks, Here's Why the Trend Might Reverse for Sasol (SSL)
ZACKS· 2024-06-04 14:36
Sasol (SSL) has been on a downward spiral lately with significant selling pressure. After declining 11.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ...
SSL or FUPBY: Which Is the Better Value Stock Right Now?
ZACKS· 2024-06-03 16:46
Investors interested in Oil and Gas - Integrated - International stocks are likely familiar with Sasol (SSL) and Fuchs Petrolub SE Unsponsored ADR (FUPBY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors ...
Sasol(SSL) - 2024 Q2 - Earnings Call Transcript
2024-02-26 16:48
Company Participants Across the organization, strict costs and capital management measures have been introduced to improve cash flow generation. We also continue to embed operational improvements with a relentless focus on safety, improving productivity rates at Mining, which will lead to better performance of the South African value chain. I will unpack this in more detail in a later slide. This takes place against the backdrop of continued volatility, and in South Africa specifically, an uncertain regulat ...
Sasol(SSL) - 2023 Q4 - Annual Report
2023-09-01 14:02
[Publication of Annual Reports for Fiscal Year 2023](index=2&type=section&id=Publication%20of%20Sasol's%20suite%20of%20annual%20reports%20for%20the%20financial%20year%20ended%2030%20June%202023) Sasol announced the publication of its comprehensive suite of annual reports for the fiscal year ended June 30, 2023 [Report Publication and Availability](index=2&type=section&id=Report%20Publication%20and%20Availability) Sasol published its FY2023 annual reports, including the Form 20-F filed with the SEC, all receiving an unmodified audit opinion and available online - Sasol has published its suite of annual reports for the fiscal year ended June 30, 2023[6](index=6&type=chunk) - The annual financial statements for the year ended June 30, 2023, received an **unmodified opinion** from auditor PricewaterhouseCoopers Inc[6](index=6&type=chunk) - The annual report on Form 20-F was filed with the U.S. SEC and is available on the SEC's website, containing no changes from the financial statements published on August 23, 2023[7](index=7&type=chunk) - All reports can be downloaded from the company's website (https://www.sasol.com/investor-centre) or requested from Investor Relations[8](index=8&type=chunk) [List of Published Reports](index=2&type=section&id=List%20of%20Published%20Reports) The company has released a comprehensive suite of six key reports covering its performance and governance for the 2023 financial year - The following reports for the financial year ended 30 June 2023 have been published: - Integrated Report - Sustainability Report - Climate Change Report - Annual financial statements - Tax Report - Annual report on Form 20-F[10](index=10&type=chunk) [Note to Debt Holders](index=2&type=section&id=Note%20to%20holders%20of%20Domestic%20Medium-Term%20Notes) For holders of Domestic Medium-Term Notes, the King IV report on corporate governance and the Form 20-F, incorporated by reference in the note programme, have been replaced with the newly published versions - The King IV report and the Form 20-F, incorporated by reference in the Domestic Medium Term Note programme, have been **updated and replaced**[9](index=9&type=chunk) - The updated documents are available for inspection on Sasol's investor centre website[9](index=9&type=chunk)
Sasol(SSL) - 2023 Q4 - Annual Report
2023-09-01 10:03
Table of Contents As filed with the Securities and Exchange Commission on 01 September 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ◻ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934—for the fiscal year ended 30 June 2023 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ◻ SHELL COMPA ...
Sasol(SSL) - 2023 Q4 - Earnings Call Transcript
2023-08-24 04:42
Sasol Limited (NYSE:SSL) Q4 2023 Earnings Conference Call August 23, 2023 3:00 AM ET Company Participants Tiffany Sydow - VP, IR Fleetwood Grobler - President and CEO Hanré Rossouw - CFO Christiaan Rademan - EVP, Mining Priscillah Mabelane - EVP, Energy Business Simon Baloyi - EVP, Energy Operations & Technology Conference Call Participants Gerhard Engelbrecht - Absa CIB: Global Markets Chris Nicholson - RMB Morgan Stanley Alex Comer - JPMorgan Adrian Hammond - SBG Securities Tiffany Sydow Good morning, and ...
Sasol(SSL) - 2023 Q3 - Quarterly Report
2023-03-31 18:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Yes No X Report on Form 6-K for 31 March, 2023 Commission File Number 1-31615 Sasol Limited 50 Katherine Street Sandton 2196 South Africa (Name and address of registrant's principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. For ...
Sasol(SSL) - 2022 Q4 - Annual Report
2022-08-31 17:45
Financial Statements - Sasol's annual financial statements for the year ended June 30, 2022, received an unmodified opinion from PricewaterhouseCoopers Inc.[5] - The annual report on Form 20-F, including the financial statements, was filed with the US SEC on August 31, 2022[6] Reports - Sasol's suite of annual reports includes an Integrated Report, Sustainability Report, Climate Change Report, Annual Financial Statements, and the Annual Report on Form 20-F[8]
Sasol(SSL) - 2022 Q4 - Annual Report
2022-08-31 15:13
Financial Risks and Currency Fluctuations - The company uses derivative financial instruments to partially protect against fluctuations in US dollar prices for oil, export coal, and ethane, but this does not shield against long-term price changes [86]. - The rand/US dollar exchange rate averaged R15.21/US$ in 2022, with fluctuations between R16.31 and R14.16, compared to an average of R15.40 in 2021 [93]. - The company’s borrowings are significantly US dollar-denominated, impacting financial leverage and capital expenditure due to exchange rate fluctuations [90]. - The rand has weakened against the US dollar, closing at R16.84 on 29 August 2022, which could positively affect operating results but negatively impact gearing due to foreign currency-denominated debt [94]. - Ongoing geopolitical tensions and global inflation trends contribute to significant currency volatility, impacting the company's financial condition [265]. Operational and Investment Risks - The COVID-19 pandemic continues to pose risks to the company’s workforce and business continuity, potentially affecting operating results and cash flows [96]. - The company faces risks related to capital investments, including potential schedule delays and cost overruns due to global supply chain disruptions [104]. - The company is exposed to risks from investments in associates and joint arrangements, which may affect its reputation and financial condition [112]. - The company is actively monitoring the impact of COVID-19 and related uncertainties on its operations in Mozambique and other regions [231]. - The company faces ongoing tax disputes, particularly regarding assessments from 2002 to 2012, which may lead to substantial increases in tax payments [276]. Climate Change and Environmental Regulations - The company’s strategy to respond to climate change may face challenges, impacting growth and operational costs [116]. - Sasol's carbon tax liability increased operational costs, with R611 million paid in July 2021 after offsets and electricity levies [118]. - The carbon tax rate was R134 per ton of CO2e in 2021, projected to rise to US$20 per ton by 2026 and US$30 per ton by 2030 [118]. - Sasol aims for a 30% reduction in scope 1 and 2 greenhouse gas emissions by 2030, based on a 2017 baseline [125]. - The company targets a 20% reduction in scope 3 emissions (Category 11) by 2030, off a 2019 baseline, with a net zero ambition by 2050 [125]. - An energy efficiency improvement target of 30% by 2030, based on a 2005 baseline, supports overall emission reduction efforts [125]. - Risks include the unavailability and unaffordability of gas as feedstock, and potential prohibitive costs of green hydrogen [126]. - The imminent Carbon Border Adjustment Mechanism from the EU may impose additional burdens on Sasol's imported products [126]. - Climate change-related laws may increase operational costs and threaten the company's license to operate [130]. - Sasol's international operations face escalating global carbon prices, posing risks particularly in the EU [133]. - The company is subject to increased scrutiny regarding climate change disclosures, with potential regulatory claims for insufficient compliance [132]. - Compliance with evolving environmental regulations poses significant challenges and could adversely impact Sasol's operations and financial results [195]. - Changes in South African waste management legislation are prompting the company to seek alternative waste disposal solutions due to stricter regulations and potential waste levies [200]. - The South African Department of Water and Sanitation is issuing water use licenses with stringent wastewater discharge limits, which may be challenging to comply with [201]. - The company is ensuring compliance with various international chemical regulations, including EU REACH, and has begun filing new registrations for chemicals in the UK post-Brexit [202]. - The EU Green Deal and related regulations may impose additional requirements, potentially limiting market access for products from emerging economies [203]. - South Africa's Hazardous Chemical Agent Regulations require compliance with stricter occupational exposure limits, necessitating significant capital investment for retrofitting plants [204]. Compliance and Regulatory Challenges - The company identified a material weakness in internal controls over financial reporting in 2020, which is still being remediated [146]. - As of June 30, 2022, the company's disclosure controls and procedures remained ineffective due to the identified material weakness [147]. - The company is implementing remedial measures, but there is no assurance of their success, which could lead to further material weaknesses [148]. - Non-compliance with regulatory requirements could result in significant penalties and adversely affect the company's reputation and operations [151]. - The company has been granted postponements until April 1, 2025, to meet stricter air quality emissions standards, but compliance remains a challenge [158]. - The company aims for a 30% reduction in SO2 emissions by 2030 through an integrated reduction roadmap [160]. - The company is subject to various laws and regulations regarding safety, health, and environmental protection, which may impact its financial condition [164]. - Non-compliance with competition and consumer protection laws could expose the company to significant penalties and damage its reputation [165]. - The company operates under data protection laws, and non-compliance could result in fines and adversely affect its reputation [168]. - The Upstream Petroleum Resources Development Bill (UPRDB) is under consideration, which may impact the company's mineral rights once promulgated [169]. - The 2018 Mining Charter increased the Broad-based Black Economic Empowerment (B-BBEE) shareholding requirement from 26% to 30% for new mining right applications [170]. - Sasol Mining may face higher production costs and compliance risks due to the stringent criteria of the 2018 Mining Charter, potentially leading to suspension or cancellation of mining rights [170]. - The Mine Health and Safety Amendment Bill proposes fines of up to 10% of annual turnover for non-compliance with the Mine Health and Safety Act [174]. - Sasol Oil has received approval for its wholesale and manufacturing licenses, but the Natref refinery manufacturing license is still pending [175][176]. - The Clean Fuels II Regulations require substantial capital investments for compliance, with an expected implementation date of 1 July 2027 [178]. - New biofuel blending regulations mandate blending between 2% and 10% of bio-ethanol with petrol and a minimum of 5% bio-diesel with diesel, which may challenge compliance with Clean Fuels II specifications [181]. - The Gas Act allows NERSA to regulate gas pipeline activities and impose fines for non-compliance, which could adversely affect Sasol's operations [182]. - Sasol Gas is facing potential retrospective liabilities due to lower maximum gas prices approved by NERSA compared to historical prices charged [186]. - International gas price volatility may impact the 2023 Maximum Gas Price determination, affecting Sasol's financial condition [191]. - The company is exposed to legal and regulatory uncertainties in various countries, which may disrupt operations and development plans [278]. - The company is subject to complex and changing tax laws across multiple jurisdictions, leading to potential unexpected tax liabilities [273]. - The company may face significant fines and penalties from tax assessments, impacting cash flows and financial position [275]. Market and Economic Conditions - South African consumer price inflation averaged 5.7% in 2022, up from 3.5% in 2021, while US inflation rose to 7.2% in 2022 from 2.3% in the previous year [263]. - The South African Reserve Bank increased the policy interest rate to 5.50% by July 2022, up from 3.50% in July 2021, indicating aggressive monetary policy normalization [263]. - The 2018 Mining Charter requires compliance for mining rights, with potential risks including inability to obtain licenses and loss of customers if transformation regulations are not met [236]. - In Mozambique, local content plans are agreed with the government, and failure to meet key performance indicators may impact operating licenses [235]. - The lack of specific local content laws in Mozambique poses risks for operators due to potential misinterpretation of local content requirements [242]. - The revised Codes of Good Practice for B-BBEE came into effect on May 1, 2015, and were amended on May 31, 2019, providing a standard framework for B-BBEE measurement across sectors [245]. - Sasol Mining's inability to fully comply with the 2018 Mining Charter ownership requirements may affect new mining rights applications [251]. - The South African labour market remains volatile, with major industrial actions possible during wage negotiations, although Sasol's employee relations landscape is currently stable [255]. - The company faces risks from macroeconomic factors such as inflation and interest rates, which could significantly increase operational costs [262]. - Unplanned power outages from Eskom could negatively impact production volumes, costs, and profitability, despite the company's capacity to generate half of its electricity needs [283]. - Transportation infrastructure challenges, including reliance on Transnet for exports, may adversely affect sales volumes and profitability [287]. - Infrastructure challenges, including electricity and water supply, could materially affect the company's business and future growth [282]. - Geopolitical events, such as the conflict between Russia and Ukraine, may negatively impact costs, currency exchange rates, and overall business conditions [227]. - Economic and political instability in regions where the company operates could adversely affect its financial condition and operational results [230]. - The CEMAC Central Bank (BEAC) has implemented Foreign Exchange Regulation No. 02/18, which includes severe penalties for non-compliance, potentially up to 50% of a company's assets [270]. - Sasol Gabon S.A. remains active in Gabon, engaging with BEAC to improve operational efficiency in the oil and gas industry [271].
Sasol(SSL) - 2022 Q4 - Earnings Call Transcript
2022-08-23 17:56
Sasol Limited (NYSE:SSL) Q4 2022 Earnings Conference Call August 23, 2022 3:00 AM ET Company Participants Fleetwood Grobler - President and Chief Executive Officer Hanré Rossouw - Chief Financial Officer Tiffany Sydow - Vice President, Investor Relations Simon Baloyi - Executive Vice President, Energy Operations. Executive Vice President: Priscillah Mabelane - Executive Vice President, Energy Brad Griffith - Execitive VP, Chemicals, Operator Good morning, and welcome to the presentation of Sasol Limited's A ...