Nishal Ramloutan's questions to SASOL (SSL) leadership • FY 2015
Question
Nishal Ramloutan from UBS questioned why the FY2016 cost savings target remained at R4.3 billion despite outperforming the FY2015 target and requested a breakdown of the working capital improvement, particularly the impact of inventory revaluation.
Answer
President and CEO David Constable reiterated the target is "at least R4.3 billion," implying potential upside without formally changing guidance. CFO Bongani Nqwababa provided a breakdown of the working capital benefit, attributing it to a R2.5 billion benefit on capital creditors, R1 billion from the response plan, and R2 billion from price effects.