Sasol Restructures Oil Hedges, Boosts Coverage to 90% for FY22

Sasol has restructured its existing oil hedges and increased the hedge cover ratio for oil in FY22. The company has replaced existing put options with a zero-cost collar hedging structure, increasing the gross average floor oil price to $60.09 per barrel. Sasol has also hedged an additional 18 million barrels, raising the hedge cover ratio from 80% to 90% of total Synfuels synthetic crude oil production. The move aims to reduce debt levels and improve cash flow robustness.