Aug 27 (Reuters) - Caltex Australia Ltd CTX.AX :
* COST-OUT PROGRAM IS BEING IMPLEMENTED TO DELIVER A $100 MILLION PER ANNUM REDUCTION IN OPERATING COSTS BY END OF 2020.
* 2019 CAPEX GUIDANCE IS ALSO BEING LOWERED FROM $320-385 MILLION TO AROUND $300 MILLION
* FROM CONVENIENCE RETAIL NETWORK REVIEW, ABOUT 50 METROPOLITAN FREEHOLD SITES TO BE DIVESTED IN TRANCHES COMMENCING IN 2H 2019
* IN CONVENIENCE RETAIL NETWORK, PREVIOUSLY GUIDED UPLIFT TARGET OF $120M-$150M BY 2024 WILL NOT BE MET
* SEES 2019 DEPRECIATION & AMORTISATION $385 MLN - $410 MLN