Slide 1: Results Presentation
RESULTS PRESENTATION 30 June 2024 Copyright ©, 2024, Sasol
Slide 2: Agenda
AGENDA Business overview Simon Baloyi Financial overview Hanré Rossouw Strategy overview Simon Baloyi Q&A Copyright ©, 2024, 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 and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to ou
Slide 4: Business Overview
BUSINESS OVERVIEW Simon Baloyi Copyright ©, 2024, Sasol 4
Slide 5: Safely delivering today… shaping tomorrow
Safely delivering today… shaping tomorrow Global Differentiated Asset and value Strengths Our people customer base technology chain integration Copyright ©, 2024, Sasol 5
Slide 6: Committed to sending everyone home safely
Committed to sending everyone home safely Fatalities Hospitalisations Lost Workday Cases 5 59 92 FY23: 2 FY23: 71 FY23: 105 Decrease from 105 Learnings shared LWDC in FY23 across the Business Accountable Engaged Risk Continuous leadership people mitigation improvement Key safety initiatives in place
Slide 7: Strengthening our foundation
Strengthening our foundation Key production and sales metrics Mining productivity 3% Full potential benefits; offset by safety and operational challenges in H1 Mining full potential programme 1st gas flow Mozambique gas production roll-out nearing completion from PSA in Mozambique 6% Additional PPA
Slide 8: Stepping up delivery
Stepping up delivery Mining: Improve volume, SA Operations: International Chemicals: quality and cost Operational excellence Reset ▪ Creating deployment ▪ Improved equipment ▪ Optimise business structure flexibility turnaround ▪ Improve efficiency and foster ▪ Destoning investment ▪ Additional PSA g
Slide 9: FY25 priorities
FY25 priorities People and Culture Cash generation and Customer Stakeholder confidence deleveraging value proposition & sustainability ▪ Safe and reliable ▪ Improve margins and cost ▪ Enhance customer ▪ Optimise GHG roadmap operations competitiveness experience ▪ Grow sustainable ▪ Pursue operationa
Slide 10: Evolving our business to achieve our potential
Evolving our business to achieve our potential FY24 FY25 Future Sasol STRENGTHENING OUR FOUNDATION STEPPING UP DELIVERY ADVANCING TO FULL POTENTIAL ▪ Streamlined organisation ▪ Pathway to full potential ▪ Optimise GHG roadmap ▪ Operational improvement ▪ Strengthen balance sheet ▪ Progress business t
Slide 11: Financial Overview
FINANCIAL OVERVIEW Hanré Rossouw Copyright ©, 2024, Sasol 11
Slide 12: Responding to a volatile macro environment
Responding to a volatile macro environment FY24 vs FY23 $ € Brent crude oil Exchange rate Ethane1 Polyethylene2 £ ¥ 85 US$/bbl 18,71 R/US$ average 23 US$c/gal 1 065 US$/ton ▼3% ▲5% ▼35% ▼8% Focus areas Agility and proactive response to market Prudent and disciplined spending Margin optimisation 1. M
Slide 13: Group profitability
Group profitability FY24 FY23 Rm Rm % Turnover 275 111 289 696 5▼ ▪ Cash fixed cost increase below inflation through focused Gross margin 127 895 128 674 1▼ management actions Cash fixed cost (69 490) (68 836) 1▲ Adjusted EBITDA 60 012 66 305 9▼ ▪ Impairment on US specialty chemicals CGU of R59bn No
Slide 14: Business contribution
Business contribution FY24 FY23 ▪ Similar segmental contribution in FY24 to FY23 Adjusted EBITDA1 Adjusted EBITDA1 R60bn R66bn ▪ Diversification of Energy/ Chemicals portfolios & geographies supports overall performance and risk 4,8 5,0 (7%) (12%) (8%) (7%) (9%) ▪ Energy business supported by a stab
Slide 15: Segmental performance | Adjusted EBITDA
Segmental performance | Adjusted EBITDA Mining Gas Fuels R4,8bn R6,6bn R28,8bn ▼ 4% ▼6% ▼ 7% Lower coal export prices and inflationary impacts Lower weighted average gas prices1 Lower sales volumes, higher coal cost and lower diesel differentials Chemicals Africa Chemicals America Chemicals Eurasia
Slide 16: Ongoing business transformation and value delivery
Ongoing business transformation and value delivery SASOL 2.0 TRANSFORMATION PROGRAMME CONTINUOUS OPTIMISATION ▪ 5-year programme launched in 2020 ▪ Continuous approach to value delivery through ongoing business transformation ▪ Driven cash improvement initiatives ▪ Delivering free cash flow ▪ Cumula
Slide 17: Updated dividend policy linked to free cash flow generation
Updated dividend policy linked to free cash flow generation Maintain capital Transform capital Selective growth Optimisation of maintenance capex ongoing safe and reliable deliver GHG reduction small high-return, short operations targets payback projects 1st order allocation R27 - 34bn per annum1 Ba
Slide 18: FY25 outlook
FY25 outlook EBITDA enhancement2 Mining Mozambique Chemicals Africa saleable production gas production sales volumes R2 - 4bn 30 - 32 mt 0 - 5% higher 0 - 4% higher Working capital3 SO Liquid fuels Chemicals International1 15,5 - 16,5% average production sales volumes sales volumes 7,0 - 7,2 mt 0 -
Slide 19: Strategy Overview
STRATEGY OVERVIEW Simon Baloyi Copyright ©, 2024, Sasol 19
Slide 20: Refining our strategic approach to deliver Future Sasol
Refining our strategic approach to deliver Future Sasol Achieve full potential from our foundation business … transform Shift our portfolio towards more sustainable value pools Building a into a more stronger Strengthen our balance sheet sustainable foundation to… Incubate and bring new sustainable
Slide 21: Committed to a balanced and measured approach in transforming our business
Committed to a balanced and measured approach in transforming our business Responding to changes in the Optimising our Building scalable energy transition GHG roadmap and growth sustaining landscape and opportunities to competitive leveraging transform our advantage from competitive business foundat
Slide 22: Sasol's continued contribution
Sasol’s continued contribution ECONOMY ~R50bn direct and indirect tax Sponsorship of ~500 000 jobs ~R44bn Black- small business supported in the owned business development SA economy1 >5,20% spend training in contributed to Louisiana SA GDP1 SOCIETY R795m spent on New children’s Improvement of socio
Slide 23: Leveraging innovation for scalable growth and transformation
Leveraging innovation for scalable growth and transformation Renewable energy Gas as a transition fuel Sustainable feedstocks Strategic market positions ▪ >750MW PPA signed ▪ Mozambique gas prioritised ▪ Piloting of renewable ▪ Grow retail footprint and to sustain plateau feedstocks in power commerc
Slide 24: Leading to a more resilient Sasol
Leading to a more resilient Sasol Stronger Improved Sustainability Growth in foundation returns commitments new businesses Unlocking our business potential and building a sustainable Future Sasol Copyright ©, 2024, Sasol 24
Slide 25: Thank you
THANK YOU Copyright ©, 2024, Sasol 25
Slide 26: Addendum
ADDENDUM Copyright ©, 2024, Sasol 26
Slide 27: Sasol leadership portfolios re-defined
Sasol leadership portfolios re-defined Simon Baloyi President and CEO Antje Hermann Victor Christian Charlotte Vuyo Hanré Sarushen Gerber Wenhold Bester Herrmann Mokoena Kahla Rossouw Pillay EVP: International EVP: Mining, Risk, EVP: Operations EVP: Marketing and EVP: Human EVP: Commercial Group Chi
Slide 28: Safety data
Safety data SAFETY FIRES EXPLOSIONS AND RELEASES (FER) 120 0,3 25 8 Fatalities, hospitalisations and 20 6 80 0,2 LWDCs 15 FERs FER-SR RCR 4 10 40 0,1 2 5 0 0 0 0 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Fatalities Hospitalisations LWDC RCR Significant Major FER-SR ▪ 5 tragic fatalities at SO and Mini
Slide 29: Environmental data | Greenhouse gas emissions
Environmental data | Greenhouse gas emissions GHG EMISSIONS1 - 5% ▪ ~5% GHG emission reduction off 2017 baseline 66,000 ▪ Mitigation initiatives and production variances kt CO2 equivalent 62,000 65,881 64,212 63,766 ▪ Continued progress on energy efficiency projects 63,432 58,000 62,744 62,640 62,33
Slide 30: Group profitability: EBIT variance and free cash flow bridge
Group profitability (LBIT)/EBIT variance by business driver Free cash flow bridge 5,326 1,213 11,134 Rand billion 4,8 3,314 721 4,620 4,741 5,4 21,520 10,9 R million 57,2 29,2 41,516 - 0,3 1,6 (27 305) 8,1 7,9 0,9 (0,7) Tax paid 1st order capital 2nd order capital Finance cost, net Capex accruals Di
Slide 31: Abbreviations and definitions
Abbreviations and definitions ADR American Depositary Receipts JV Joint Venture CGU Cash generating unit Kt kilo tons CMD Capital markets Day LBIT Loss before interest and tax CO2 carbon dioxide LNG Liquefied natural gas EBIT Earnings before interest and tax LWDC Lost work day cases EBITDA Earnings
Slide 32: Additional information
Additional information ▪ NYSE: SSL ▪ Cusip: US8038663006 ▪ Depositary Bank: ADR JP Morgan Depositary ▪ ISIN: US8038663006 ▪ Ratio DR:ORD – 1:1 Receipts ▪ JSE: SOL ORDINARY SHARE ▪ ISIN: ZAE000006896 Investor Relations Media investor.relations@sasol.com alex.anderson@sasol.com +27 10 344 9280 +27 71
Slide 33: Copyright ©, 2024, Sasol
Copyright ©, 2024, Sasol 33