Slide 1: Results Presentation
RESULTS PRESENTATION 30 June 2025 Copyright ©, 2025, Sasol
Slide 2: Agenda
AGENDA Strengthen our foundation Business overview Simon Baloyi Financial performance Walt Bruns Grow and Transform Strategic update Simon Baloyi Q&A Copyright ©, 2025, Sasol 2
Slide 3: Disclaimer - Forward-looking statements
Disclaimer - Forward-looking statements Sasol may, in this document, make certain statements that are not historical facts based on management’s current views and assumptions, and which are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, p
Slide 4: Business Overview
Strengthen our foundation BUSINESS OVERVIEW Simon Baloyi President and Chief Executive Officer Copyright Copyright ©, 2025, ©,Sasol 2025, Sasol 4
Slide 5: What you will hear today
What you will hear today Embedding a Restoring Resetting Delivering on Progressing culture of Southern Africa International financial ERR and safety value chain Chemicals guidance Renewables Driving performance to deliver value Copyright ©, 2025, Sasol 5
Slide 6: Progressing on fundamentals set out at CMD
Progressing on fundamentals set out at CMD Destoning plant International Chemicals Adj EBITDA Construction complete; Start-up commenced >US$120m uplift Target: Destoning implemented by H1 FY26 Target: US$100 – 200m uplift from FY24 - Secunda volumes Net debt2 6,7mt Coal quality challenges US$3,7bn T
Slide 7: Safety | Driving a safety-first mindset across the business
Safety | Driving a safety-first mindset across the business Fatalities1 Major FER’s Hospitalisations Lost Workday Cases 1 0 65 95 FY24: 5 FY24: 1 FY24: 59 FY24: 92 FY26 Focus Areas Learnings shared across the Business Accountable Embed safety Process Safety Service provider leadership culture Manage
Slide 8: FY25 financial highlights
FY25 financial highlights | Focused financial delivery amid a challenging landscape Stronger Lower oil price and Lower production Lower-for-longer Rand/USD exchange weaker refining margins volumes chemicals outlook rate Adjusted Capital Cash fixed cost Free cash flow1 EBITDA expenditure R52bn R70bn
Slide 9: Southern Africa Business | Restoring performance and unlocking value
Southern Africa Business | Restoring performance and unlocking value FY25 DELIVERY FY26 FOCUS AREAS FY25 DELIVERY Feedstock ▪ Quality: Destoning plant online in H1 FY26, ▪ FID taken on destoning and implementation on track ▪ Volume: Expand infrastructure; supplemented ~14% sinks with external purcha
Slide 10: International Chemical Business | Reset improving profitability
International Chemical Business | Reset improving profitability FY25 DELIVERY >US$120m Adj EBITDA uplift vs FY24 FY25 DELIVERY Market focus Asset optimisation Cost discipline ▪ Defined differentiated ▪ Decision to ▪ Streamlined Adj EBITDA US$411m value propositions mothball/close 4 organisational ac
Slide 11: FY25 social and economic contribution
FY25 social and economic contribution | Creating value for people and communities Contribution to society Contribution to the economy Socio-economic Tax contribution development >R660m spent globally on social ~R44bn paid in global direct and indirect tax investment programmes Bursaries Jobs 252 stu
Slide 12: FY26 Focus areas | Building credibility through performance
FY26 Focus areas | Building credibility through performance Zero harm ambition Enhance customer experience Deliver consistently high service Ensure that everyone levels and innovative, goes home safely value-adding solutions Strengthen our Foundation Build an empowering culture Business Foster an in
Slide 13: Financial Performance
Strengthen our foundation FINANCIAL PERFORMANCE Walt Bruns Group Chief Financial Officer Copyright Copyright ©, 2025, ©,Sasol 2025, Sasol 13
Slide 14: FY25 Financial performance | Disciplined delivery against targets
FY25 Financial performance | Disciplined delivery against targets - Cash fixed cost Capital expenditure1 Working capital2 Net debt3 Risk management 1% increase R25bn 16,8% US$3,7bn FY26 hedge program completed Target: Target: Target: Target: Target: Below Below Extend R28 - 29bn 15,5 - 16,5% inflati
Slide 15: Macro environment | Market volatility requires proactive response
Macro environment | Market volatility requires proactive response FY25 vs FY24 Response to navigate volatility Rand crude oil Refining margin1 Strict cost and capital discipline 1 355 R/bbl 5,76 US$/bbl ▼15% ▼68% Maintain robust liquidity Proactive hedging strategy US ethylene margin2 Chemicals bask
Slide 16: Group Financials | Significant free cash flow improvement
Group Financials | Significant free cash flow improvement Free cash flow improvement FY25 FY24 Rm Rm % ▪ 75% higher free cash flow generation, supported by management actions and Transnet legal cash settlement Turnover 249 096 275 111 9▼ Gross margin 112 118 127 895 12▼ Gross margin impacted by Gros
Slide 17: Adjusted EBITDA Segmental Performance
Adjusted EBITDA Segmental Performance | Management initiatives gaining momentum Business International Southern Africa Energy and Chemicals Contribution Chemicals Adjusted EBITDA1 R52bn Chemicals Mining Gas 7,5 America (15%) FY25 43,5 R5,5bn R9,0bn R4,8bn (85%) ▲ 15% ▲ 35% ▲ 37% Improved margins des
Slide 18: Disciplined capital allocation framework
Disciplined capital allocation framework | Deleveraging progressing ahead of plan 5,0 4,5 Maintain safe and reliable operations 4,0 1st order allocation Selective growth and transform 3,5 Net debt US$ bn Net debt FY25 Net debt target US$3,7bn <US$3bn 3,0 2,5 2,0 2nd order capital 1,5 allocation Net
Slide 19: Resilient financial position | Navigating macro uncertainty
Resilient financial position | Navigating macro uncertainty Strong liquidity Robust hedge New Robust position programme ZAR bond2 financial flexibility ~30% >US$4bn FX and R5,3bn available1 ~60% tenor: 5 years oil HCR Effective risk management FY26 Hedge book in place FY26 sensitivities US$60/bbl 10
Slide 20: FY26 Outlook | Driving performance to deliver value
FY26 Outlook | Driving performance to deliver value Enhanced Cash fixed cash generation Working Volumes cost capital1 Deliver in Managed line with below 15,5 - 16,5% targets inflation Deleveraging Sustainable shareholder Capital Risk value Net Management expenditure2 Debt3 Complete FY27 R24 - 26bn <
Slide 21: Strategic Update
Grow and Transform STRATEGIC UPDATE Simon Baloyi President and Chief Executive Officer Copyright Copyright ©, 2025, ©,Sasol 2025, Sasol 21
Slide 22: Changing landscape | Supports Sasol's transformation pathway
Changing landscape | Supports Sasol’s transformation pathway Supportive Continued Private- Stakeholder regulatory energy and public sector alignment on and policy chemicals collaboration transition momentum demand The emerging supportive landscape creates room for disciplined investment and steady p
Slide 23: Emission reduction Roadmap
Emission reduction Roadmap | Progressing our levers towards the 30% target ERR levers First boiler Carbon offset strategy Turndown at SO revised ~2GW Renewable Energy Completed in Potential future investments April 2025 in offset projects Optimised boiler turndown Market mechanisms Renewable Capital
Slide 24: Renewables in focus | Turning commitments into action
Renewables in focus | Turning commitments into action FY25 milestones achieved FY26 focus areas ▪ Msenge and Sasolburg RE ~920 MW1 successfully brought online ▪ Additional ~100MW RE online since August secured in SA through PPA’s ▪ Supply first RE to customers via Ampli ▪ 757MW secured + additional
Slide 25: Sasol Investment case
Sasol Investment case | Stronger, resilient and sustainable Strengthen our foundation Grow and Transform IMPROVED GREATER CLEAR TRANSITION ATTRACTIVE CASH FLOW RESILIENCE STRATEGY GROWTH PROSPECTS Clear action plans Capital allocation discipline Optimised ERR Value accretive options to unlock the va
Slide 26: Thank You
THANK YOU Copyright ©, 2025, Sasol 26
Slide 27: Addendum
ADDENDUM Copyright ©, 2025, Sasol 27
Slide 28: FY26 Outlook
FY26 Outlook Chemicals International Mining Gas Fuels Group Africa Chemicals Mining saleable Gas production Secunda Sales volumes Adjusted CFC production 0 - 10% higher production 0 - 5% higher EBITDA Below inflation 28 - 30mt than PY 7,0 - 7,2mt then PY US$450 - 550m Fuels sales Coal quality: Adjus
Slide 29: Fatalities, hospitalisations and LWDCs
FY25 safety data OCCUPATIONAL SAFETY 120 0,4 Fatalities, hospitalisations and LWDCs 100 ▪ 1 tragic fatality on 14 August 2024 at Secunda 0,3 80 ▪ Leadership interventions focused on cultural and RCR 60 0,2 behavioral factors 40 0,1 20 ▪ Enhanced focus on Service Provider Safety 0 0 Management FY22 F
Slide 30: Greenhouse gas emissions data
Greenhouse gas emissions data GHG EMISSIONS1 ▪ ~ 20% net GHG emission reduction off 2017 baseline 69 000 - 20% ▪ ~14% direct reduction from lower production levels 65 000 vs 2017 (excluding carbon offsets) kt CO2 equivalent 61 000 ▪ ~6% reduction from carbon offsets now included in 57 000 our ERR 65
Slide 31: Group Financials | FY24 vs FY25
Group Financials | FY24 vs FY25 EBIT variance by business driver Free cash flow² bridge 1,0 3,4 5,4 0,0 6,0 4,7 Rand billion 6,1 1,6 5,4 1,2 18,8 Rand billion 2,5 55,8 4,4 12,6 3,6 (27,3) 7,2 0,3 10,6 6,1 Translation, FY24 Exchange rates Crude oil and depreciation FY25 Feedstock and Turnover product
Slide 32: Abbreviations and definitions
Abbreviations and definitions ADR American Depositary Receipts JSE Johannesburg Stock Exchange CGU Cash generating unit JV Joint venture CMA Chemical Market Analytics kt kilotons CMD Capital markets Day LWDC Lost work day cases CO2 Carbon dioxide MRG Methane rich gas EBIT Earnings before interest an
Slide 33: Additional information
Additional information ▪ JSE: SOL ORDINARY SHARE ▪ ISIN: ZAE000006896 ▪ NYSE: SSL ▪ Cusip: US8038663006 ▪ Depositary Bank: ADR JP Morgan Depositary ▪ ISIN: US8038663006 ▪ Ratio DR:ORD – 1:1 Receipts Investor Relations Media investor.relations@sasol.com alex.anderson@sasol.com +27 10 344 9280 +27 71
Slide 34: Copyright ©, 2025, Sasol
Copyright ©, 2025, Sasol 34