Slide 1: FY22 Annual Results
FY22 ANNUAL RESULTS for the year ended 30 June 2022 Copyright ©, 2022, Sasol
Slide 2: Agenda
AGENDA Business overview Business highlights ESG update Operating performance Financial highlights Financial performance Delivering Future Sasol Q&A Copyright ©, 2022, Sasol 2
Slide 3: Forward-looking statements
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 our future pros
Slide 4: Business Overview
BUSINESS OVERVIEW ⦿ Fleetwood Grobler Copyright ©, 2022, Sasol 4
Slide 5: Business highlights for FY22
Business highlights for FY22 People Planet ▪ Safety focus ▪ On track for 2030 targets ▪ Sasol in society ▪ Building pathways to 2050 FY22 OVERVIEW Profit ▪ Step change improvement ▪ Dividend resumed FY22 overview Copyright ©, 2022, Sasol 5
Slide 6: Committed to our zero harm ambition
Committed to our zero harm ambition SAFETY FIRES EXPLOSIONS AND RELEASES (FER) 120 0,6 25 100 0,5 20 80 0,4 LWDC1 and fatalities 15 RCR 60 0,3 10 FER’s 40 0,2 5 20 0,1 0 0 0 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Significant Major FER-SR Fatalities LWDC RCR ▪ Tragically, five fatalities i
Slide 7: Sasol in society
Sasol in society POSITIVELY IMPACTING THE ECONOMY1 SUPPORTING OUR COMMUNITIES R58,8bn Tax and royalties ▪ >1 500 bursaries/scholarships awarded over last 5 years ▪ >5 000 artisans trained over last 3 years R33,6bn Black-owned businesses spend ▪ ~R30m support through our “Sasol for Good” programme R1
Slide 8: Decarbonisation plans
Decarbonisation plans Low carbon Renewables Transition gas Just Transition enablers ▪ PPA terms >600MW ▪ Moz gas supply plateau ▪ Sasolburg green H2 in 2023 ▪ Principles formulated for extension to 2028 roadmap refinement ▪ >5 projects awaiting ▪ Natref green hybrid refinery regulatory approval ▪ Ad
Slide 9: Environmental performance continues to be a focus
Environmental performance continues to be a focus GHG EMISSIONS ROADMAP LEVERS Energy and Chemicals Scope 1 and 2 emissions2 70 000 Progressing our 2030 plan while enabling a net zero future - 7% 65 000 kt CO2 equivalent 60 000 65 881 64 212 63 815 55 000 63 481 62 687 61 484 50 000 Large-scale RE E
Slide 10: Agility in a volatile macro environment
Agility in a volatile macro environment OPERATING CONTEXT… …OUR ACTION PLAN ▪ Continued Sasol 2.0 delivery Geopolitical Weather tensions ▪ Adapted product supply modes and locations ▪ Alternative energy sources in European operations Global COVID-19 Supply chain impact disruptions ▪ Stakeholder enga
Slide 11: Continuous improvement to business profitability
Continuous improvement to business profitability ENERGY BUSINESS CHEMICALS BUSINESS ▪ 68%▲ revenue driven by higher prices and demand recovery ▪ 21%▲ revenue benefitting from higher chemicals prices ▪ 13%▼ Mining productivity; coal stockpile restored ▪ 12%▼ Chemicals sales volumes - impacted by oper
Slide 12: Progressing operational improvement plans
Progressing operational improvement plans MINING SA OPERATIONS INTERNATIONAL OPERATIONS ▪ Intensified safety remediation ▪ Improve maintenance ▪ LC specialty unit operational programme effectiveness ramp-up progressing well ▪ Focused plans to reach full ▪ Improved reliability of critical ▪ Close col
Slide 13: Significant step up in financial performance
Significant step up in financial performance Adjusted EBITDA Net debt1 CHEPS Cash from operations R72bn US$3,8bn ~R69 per share R56bn ▲ 48% well below target of US$5bn supporting dividend ▲ 24% resumption Improved financial position, creating a stronger platform to deliver Future Sasol Financial hig
Slide 14: Financial Performance
FINANCIAL PERFORMANCE ⦿ Hanré Rossouw Copyright ©, 2022, Sasol 14
Slide 15: Strong pricing in the context of a volatile macro environment
Strong pricing in the context of a volatile macro environment FY22 LOOKING AHEAD 92 US$/bbl Continued price volatility Brent crude oil ▲70% from FY21 Supply chain disruptions $ € 15,21 R/US$ average Inflation and recession risk Exchange rate £ ¥ ▼1% from FY21 Struggling SA economy 43 US$c/gal Ethane
Slide 16: Group profitability by segment
Group profitability by segment FY22 FY21 FY22 FY21 EBIT BY SEGMENT Rm Rm % Adjusted EBITDA2 Adjusted EBITDA2 Mining 3 456 3 227 7▲ (R bn) ENERGY (R bn) Gas 14 622 6 656 >100▲ 6,0 Fuels 27 959 (18 170) >100▲ (7%) (7%) 5,8 (12%) CHEMICALS Chemicals Africa 24 072 6 957 >100▲ (12%) Chemicals America 981
Slide 17: Segmental highlights
Segmental highlights Mining Gas Fuels ▲ 3% adjusted EBITDA ▲ 2% adjusted EBITDA ▲ >100% adjusted EBITDA Higher export coal prices Higher volumes and gas prices Higher crude oil prices, refining margins and sales volumes Lower production Increased demand Chemicals Africa Chemicals America Chemicals E
Slide 18: Improving volume performance in FY23
Improving volume performance in FY23 ENERGY BUSINESS CHEMICALS BUSINESS Mining Mozambique gas Liquid fuels productivity production sales Chemicals Chemicals Chemicals 1 000 - 1 100 t/cm/s 109 - 112 bscf 53 - 56 mm bbl Africa America Eurasia Improvement through full Drilling campaign on Improved fuel
Slide 19: Sasol 2.0 delivering sustainable value
Sasol 2.0 delivering sustainable value Cash fixed cost1 Gross margin1 Capital2 Working capital1 R4,2bn R2,6bn R22,6bn 14,6% above target of R3bn above target of R1,5bn within guidance above target of 14% Mainly reduction in headcount and Plant efficiency and margin Product price increases in H2 pres
Slide 20: Continued focused capital management
Continued focused capital management 40 35 35 30 14 ▪ Safeguarding safe, effective and reliable operations 27 - 28 1 25 23 ▪ FY23 Maintain & Transform capital of R26 - R27bn 26 - 27 20 2 16 ▪ PSA programme and SO major shutdown R billion 23 15 1 ▪ Approximately R1bn Transform capex 10 19 15 ▪ ~R1bn
Slide 21: Commitment to our capital allocation framework
Commitment to our capital allocation framework CAPITAL ALLOCATION PRIORITIES MAINTAIN CAPITAL Safe and reliable operations and protect licence to operate ~R20 - 25bn TRANSFORM CAPITAL per annum1 Deliver GHG reduction targets 1st order SELECTIVE GROWTH / IMPROVE CAPITAL Allocation Small high-return,
Slide 22: Delivering against our financial objectives
Delivering against our financial objectives Improved Strengthened Dividend Self-funded profitability balance sheet restored transition R72bn US$3,8bn 14,70 R15 - 25bn capital adjusted EBITDA Net debt per ordinary share delivering 2030 target Financial performance Copyright ©, 2022, Sasol 22
Slide 23: Future Sasol
FUTURE SASOL ⦿ Fleetwood Grobler Copyright ©, 2022, Sasol 23
Slide 24: Progressing a sustainable business towards net zero ambition
Progressing a sustainable business towards net zero ambition Flexibility through Progressing 2050 Accelerating multiple viable roadmap ‘no-regret’ moves pathways Sasol's FT PtX, Advancing new / Maximising Lake including SAF global emerging Charles potential focus technologies Delivering Future Sasol
Slide 25: Maintaining focus
MAINTAINING Zero harm FOCUS Safe and reliable operations Progress ESG Sustainable Sustainable business in shareholder the future returns Operational stability Enhance cash flow generation Sasol 2.0 delivery Delivering Future Sasol Copyright ©, 2022, Sasol 25
Slide 26: Q&A
Q&A PORTFOLIO PERFORMANCE POTENTIAL Flexible pathways to net zero ambition Assets with optimal capital 30% GHG reduction target by 2030 by 2050 requirements >15% ROIC through transition Leadership in green H2 in Southern Optionality with diversified portfolio Africa <1,5x Net debt: EBITDA; 2,5 – 2,8
Slide 27: Abbreviations and definitions
Abbreviations and definitions AUC Assets under construction LIP JV Louisiana Integrated Polyethylene Joint venture BC Base Chemicals business LNG Liquefied natural gas BOE barrels of oil equivalent LWDC Lost work day cases BPD barrels per day m³/h cubic meter per hour Bscf billion standard cubic fee
Slide 28: Copyright ©, 2022, Sasol
Copyright ©, 2022, Sasol 28