Sasol Ltd (JSE:SOL)
R 99.7 -6.42 (-6.05%) Market Cap: 63.44 Bil Enterprise Value: 152.09 Bil PE Ratio: 7.66 PB Ratio: 0.44 GF Score: 68/100

Sasol Ltd Update on the Lake Charles Chemicals Project Corporate Call Evening Call) Transcript

May 22, 2019 / 12:30PM GMT
Release Date Price: R375 (-12.99%)
Operator

Good morning and good afternoon, ladies and gentlemen, and welcome to the Sasol Investor Analyst Conference Call. Today's call will be hosted by Stephen Cornell and Bongani Nqwababa, joint Presidents and Chief Executive Officers. Following the update, an interactive Q&A session will take place. Please note today's call is being recorded.

I will now hand the call over to Stephen Cornell. Please go ahead, sir.

Stephen Russell Cornell
Sasol Limited - Joint President, CEO & Director

Thank you, operator. Hello, all. Bongani and I, along with our executive team, want to thank you for joining the call. We're here to talk about today's update on the LCCP and let me say upfront, we are extremely disappointed to be talking to you, again, about a further increase in the capital cost of the project.

The main focus of the call is to provide context in terms of what caused the increase and what we're doing about it. There are a number of components to today's announcement, but I'd like to be clear on 5 aspects that we want everyone to take away

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