Sasol Limited · JSE:SOL

Sasol — Merger or Acquisition (October 2020)

10 slides from Sasol's merger presentation, October 2020

  1. Slide 1: LCCP Base Chemicals: Creating a 50/50 Joint Venture with LyondellBasell

    LCCP Base Chemicals: Creating a 50/50 Joint Venture with LyondellBasell October 2020 Copyright ©, 2020, Sasol

  2. Slide 2: Agenda

    AGENDA ◉ Transaction overview ◉ Key terms ◉ Transaction scope ◉ Operational impact ◉ Conditions and next steps ◉ Deleveraging pathway Copyright ©, 2020, Sasol 2

  3. Slide 3: Forward-looking statements and definitions

    Forward-looking statements and definitions 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

  4. Slide 4: Key terms

    Transaction overview | Key terms Transaction scope Partner Timing 50% LCCP Base LyondellBasell2 end CY20 Chemicals1 A leading global producer of plastics, Performance Chemicals retained Subject to conditions precedent chemicals and refined products Strategic rationale Cash Value to Sasol Value creat

  5. Slide 5: Scope

    Transaction overview | Scope ALUMINUM PURIFICATION UHPA KEROSENE BENZENE EXTRACTION PARAFFINS LAB OXYGEN EO VALUE CHAIN ETHOXYLATES EXTERNAL ZAG ALCOHOL pEO & MEG CO-MONOMERS ZIEGLER & GUERBET ETHANE ETHYLENE LDPE ALCOHOLS ALUMINA LLDPE 1-HEXENE & HDPE 1-OCTENE WEST UTILITIES EAST UTILITIES POLYETHY

  6. Slide 6: Operational impact

    Transaction overview | Operational impact • LyondellBasell to operate the 50/50 JV1 • Leverage global best practices • Employees dedicated to JV1 assets, to transfer upon completion of transaction • JV1 will be toll manufacturing arrangement • Pro-rata ethane feedstock supplied to JV1 • Access retai

  7. Slide 7: Conditions precedent and next steps

    Transaction overview | Conditions precedent and next steps Circular containing full Key conditions precedent details distributed Mid-October Sasol shareholders approval Anti-trust approval and other third party consents Shareholder approval at Annual General Meeting Consents required from key techno

  8. Slide 8: Deleveraging pathway

    Deleveraging pathway  Liquidity: Improved position, with effective operational ramp up post COVID-19  Cash improvement: US$1bn cash improvement target achieved FY20  Disposals: Explosives and EGTL completed; ASUs disposal agreed  Sasol 2.0: Framework defined Strengthen  Disposals: position thro

  9. Slide 9: Abbreviations

    Abbreviations ASU air separation unit LAB linear alkyl benzene BC Base Chemicals LCCP Lake Charles Chemicals Project bn billion LDPE low density polyethylene CY calendar year LLDPE linear low density polyethylene EGTL Escravos gas to liquids m million EO/EG ethylene oxide/ethylene glycol MEG mono-et

  10. Slide 10: Q&A

    ◉ Q&A Fleetwood Grobler and Paul Victor Copyright ©, 2020, Sasol 10

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