Slide 1: Results Presentation 30 June 2026
RESULTS PRESENTATION 30 June 2026 Copyright ©, 2026, Sasol
Slide 2: Agenda
AGENDA Strengthen our foundation Business overview Simon Baloyi Financial framework Walt Bruns Grow and Transform Strategic update Simon Baloyi Q&A Copyright Copyright ©, 2025, ©,Sasol 2026, 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 that 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 o
Slide 4: Strengthen our foundation: Business Overview
Strengthen our foundation BUSINESS OVERVIEW ◎ Simon Baloyi President and Chief Executive Officer Copyright Copyright ©, 2025, ©,Sasol 2026, Sasol 4
Slide 5: What you will hear today | Delivering today, positioning for tomorrow
What you will hear today | Delivering today, positioning for tomorrow Advancing Improving Restoring Resetting Stronger Grow and safety Southern Africa International Balance sheet Transform indicators value chain Chemicals strategy Strengthening the foundation business while advancing future growth C
Slide 6: FY26 targets delivered | Strengthening the foundation business
FY26 targets delivered | Strengthening the foundation business for greater resilience Coal quality International Chemicals Sinks <12% Adj EBITDA US$604m [Includes ~US$150 - 200m impact]2 FY26 target: 12 - 14% FY26 target: Adj EBITDA US$375 - 450m Secunda volumes Net debt3 7,26mt Gasifier and equipme
Slide 7: Safety | Ongoing actions to embed an improved safety culture
Safety | Ongoing actions to embed an improved safety culture Fatalities1 Major FER’s Hospitalisations RCR 2 0 (FY25: 0) 40 0,21 Significant FER’s FY25: 1 FY25: 65 FY25: 0,25 9 (FY25: 21) Learnings shared across the Business Accountable Embed safety Process safety Service provider leadership culture
Slide 8: FY26 financial highlights | Strong financial performance
FY26 financial highlights | Strong financial performance External environment Management actions Financial highlights Market volatility Adjusted EBITDA Risk management, Elevated volatility across energy and including prudent hedging R61bn ▲ 17% chemicals Foreign exchange Cash fixed costs Improved op
Slide 9: Feedstock security | Protecting the value chain through stable feedstock
Feedstock security | Protecting the value chain through stable feedstock FY26 DELIVERY FY27 FOCUS AREAS Sinks Sinks <12% ▪ Sustain coal quality to support <12% ▪ Improved coal quality from Production SO production Production destoning Mining ▲ 1% 30 - 32mt ▪ Higher production from Cost per sales ton
Slide 10: Southern Africa business | Delivering a stronger, more competitive business
Southern Africa business | Delivering a stronger, more competitive business Operations Marketing and Sales FY26 RESULTS FY26 DELIVERY ▪ SO production at 5-year high; improved ▪ Higher fuel sales through 100% Natref gasifier availability and stable operations utilisation and higher SO, capturing 7,26
Slide 11: International Chemicals | Improved profitability from strategic actions
International Chemicals | Improved profitability from strategic actions and market opportunities Portfolio Market focus Cost discipline optimisation FY26 RESULTS FY26 DELIVERY ▪ Enhanced commercial ▪ Improved operating ▪ 7% CFC savings incl. excellence and performance restructuring cost Adj EBITDA U
Slide 12: FY26 contribution | Creating value beyond our operations
FY26 contribution | Creating value beyond our operations Contribution to society Contribution to the economy Socio-economic Strategic importance development >R760m spent globally on social Reliable fuel and global chemicals supply investment programmes during the Middle East conflict Skills developm
Slide 13: FY27 focus areas | Building credibility through performance
FY27 focus areas | Building credibility through performance Strengthen our Progress Grow and Zero harm ambition Foundation Transform Business Pursue value Ensure that Optimise FCF to accretive everyone sustainably reduce opportunities to goes home safely net debt deliver long term value Cultivate an
Slide 14: Strengthen our foundation: Financial Framework
Strengthen our foundation FINANCIAL FRAMEWORK ◎ Walt Bruns Group Chief Financial Officer Copyright Copyright ©, 2025, ©,Sasol 2026, Sasol 14
Slide 15: Macro environment | Supportive H2 market conditions
Macro environment | Supportive H2 market conditions Brent crude oil1 Rand / US dollar1 Refining margin2 Chemical basket price2 FY26 avg: 79,5 US$/bbl FY26 avg: 16,9 Rand/US$ FY26 avg: 25,1 US$/bbl FY26 avg: 1 316 US$/ton ▲ 7% ▼ 7% ▲ >100% ▲ 1% 130 18 80 1700 120 70 1600 110 60 1500 17 100 50 1400 90
Slide 16: FY26 financial scorecard | Disciplined delivery against targets
FY26 financial scorecard | Disciplined delivery against targets TARGET DELIVERY Volumes Deliver in line with target 4% higher sales volumes Cash fixed cost Below inflation (3%) Flat versus PY Working capital1 - 15,5 - 16,5% 18,3% (12-month) 16,6% (6-month) Capital expenditure2 R20 - 22bn R21bn Net d
Slide 17: Group financials | Translating delivery into stronger financial outcomes
Group financials | Translating delivery into stronger financial outcomes FY26 FY25 Higher gross margin benefitted from Rm Rm % ▪ 4% higher sales volumes, stronger product pricing, partly offset by 7% Turnover 272 118 249 096 9▲ stronger R/US$ exchange rate Gross margin 126 341 112 118 13▲ Below-infl
Slide 18: Capital management | Delivering a more capital-efficient business
Capital management | Delivering a more capital-efficient business R12 - 14bn cumulative total capital expenditure savings versus CMD guidance 35 FY26 capital lower than prior year due to 30 1 2 ▪ Completion of gas feedstock and environmental 25 0,4 1 compliance projects 1 0,4 ▪ Absence of SO shutdow
Slide 19: Capital allocation | Continued balance sheet strengthening
Capital allocation | Continued balance sheet strengthening and value created 5,0 Maintain safe and reliable operations Net debt1 US$ bn 1st order allocation Selective Growth and Transform 4,0 4,1 3,7 Net debt 3,3 Sustainably 3,0 <US$3bn Net debt1 sustainably <US$3bn 2,0 Pay dividends of 30% of FCF2
Slide 20: Hedging | Protecting the balance sheet through disciplined risk management
Hedging | Protecting the balance sheet through disciplined risk management FY27 hedge Hedging principles Looking ahead programme1 Protect downside Stable OIL 40 - 50% HCR2 operations using a combination of options Floor ~ US$59/bbl Stronger Manage cost balance sheet R/US$ 25% - 35% HCR Calibrate Kee
Slide 21: Segmental performance | Diversified portfolio underpins resilient earnings
Segmental performance | Diversified portfolio underpins resilient earnings Business International Southern Africa Energy and Chemicals Contribution Chemicals Adjusted EBITDA1 R61bn Chemicals Mining Gas 10,2 America (16%) FY26 46,8 R4,9bn R7,1bn R6,9bn (84%) ▼ 11% ▼ 21% ▲ 45% Higher volumes, partiall
Slide 22: FY27 outlook | Driving performance to deliver sustainable value
FY27 outlook | Driving performance to deliver sustainable value TARGET OUR FOCUS IS CLEAR Volumes Deliver in line with targets Robust cash generation Cash fixed cost Increase below inflation Working capital1 15,5 - 16,5% Balance Sheet strength Capital expenditure2 R23 - 26bn SA oil breakeven3 IC Adj
Slide 23: Grow and Transform: Strategic Update
Grow and Transform STRATEGIC UPDATE ◎ Simon Baloyi President and Chief Executive Officer Copyright Copyright ©, 2025, ©,Sasol 2026, Sasol 23
Slide 24: Sasol's strategic importance
Sasol’s strategic importance | Supporting South Africa's energy security and economic resilience Energy security Industrial value chain Economic contribution Energy transition Providing reliable fuel and gas Supplying essential chemical Significant contributor to GDP, Investing in lower-carbon suppl
Slide 25: Grow and Transform | Positioning for future growth
Grow and Transform | Positioning for future growth Advancing renewable energy at scale Developing future value streams ▪ ~1 370 MW total RE secured1 through PPA’s ▪ ISCC+ certification received for Natref and SO, supporting sustainable product pathways ▪ Diversified across wind, solar PV and battery
Slide 26: FY28 delivery | On track to deliver our CMD targets
FY28 delivery | On track to deliver our CMD targets CMD MAY 2025 FY25 STRENGTHEN Robust cash Targets delivered THE FOUNDATION Strong Resilient By generation FY28 BUSINESS operations balance sheet SA breakeven: US$50/bbl to be more competitive and SO >7,4mt Net debt <US$3bn1 IC Adj EBITDA: US$750 - 8
Slide 27: Thank You
THANK YOU Q&A Session to follow Copyright ©, 2026, Sasol 27
Slide 28: Addendum
ADDENDUM Copyright Copyright ©, 2025, ©,Sasol 2026, Sasol 28
Slide 29: FY27 Outlook
FY27 Outlook Chemicals International Mining Gas Fuels Group Africa Chemicals Mining saleable Gas production Secunda Sales volumes Adjusted CFC production 0 - 5% higher production 0 - 5% higher EBITDA Below inflation 30 - 32mt than PY 7,2 - 7,4mt then PY US$450 - 600m Fuels sales Coal quality: Adjust
Slide 30: FY26 safety data
FY26 safety data Occupational Safety 120 0,4 ▪ 2 tragic fatalities, one at Mining in September 2025 Fatalities, hospitalisations and LWDCs 100 and another at SO in April 2026 0,3 80 ▪ Significant improvement in key leading safety indicators, including reduced injury severity RCR 60 0,2 40 ▪ Increase
Slide 31: FY26 Greenhouse gas emissions data
FY26 Greenhouse gas emissions data GHG Emissions1 ▪ ~ 15% net GHG emission reduction off 2017 baseline ▪ Gross GHG reduction of 8,6%, together with - 15% 69,000 3,8mt CO2e carbon credits retired in FY26, contributed to a total net GHG reduction of 65,000 15% kt CO2 equivalent 61,000 ▪ Improved opera
Slide 32: Group financials
Group financials EBIT ▲ 37% FCF3 ▼ 5% Variance year-on-year Variance by business driver 1,1 2,2 5,7 5,5 2,3 3,0 14,7 5,0 4,8 Rand billion Rand billion 5,6 21,9 56,7 21,1 8,4 25,7 1,4 18,8 11,9 Tax paid Net finance cost 1st order capital from operations working capital Dividends received Free cash fl
Slide 33: Abbreviations and definitions
Abbreviations and definitions ADR American Depositary Receipts JV Joint venture AI Artificial intelligence kt kilotons Avg. Average LPG Liquefied Petroleum Gas BO Beneficial operation LWDC Lost work day cases CFC Cash fixed cost ME Middle East CGU Cash generating unit Moz Mozambique CMD Capital mark
Slide 34: 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 media@sasol.com +27 10 344 9280 +27 10 344 8189
Slide 35: Copyright ©, 2026, Sasol
Copyright ©, 2026, Sasol 35