Financial Data and Key Metrics Changes - Sasol reported a 71% increase in adjusted EBITDA compared to the prior financial year [18] - Core headline earnings per share increased by more than 100% to ZAR22.52 per share, driven by favorable macroeconomic conditions [20] - Gearing decreased to 59.1% from 61.5% as of June 30, 2021, with net debt-to-EBITDA down to 1.3x [22] Business Line Data and Key Metrics Changes - Energy business external sales revenue increased by 47% in rand terms due to higher crude oil prices and refining margins [7] - Chemicals portfolio external sales revenue rose by 21% in rand terms, although Chemicals Africa sales volumes were 15% lower due to operational challenges [9] - Specialty Chemicals sales volumes increased by approximately 60% compared to the prior period [9] Market Data and Key Metrics Changes - Mozambique gas production was 1% higher than planned [9] - The company is experiencing challenges in coal quality and supply, impacting production volumes at Secunda operations [8] Company Strategy and Development Direction - Sasol is focused on four key priorities: safety, operational excellence, ESG, and shareholder value [4] - The Sasol 2.0 transformation program aims to enhance competitiveness and cash generation, with a commitment to restore cost competitiveness to a cash breakeven level of $30 to $35 per barrel [5][10] - The company is progressing with its climate change strategy and plans for decarbonization, including partnerships for renewable energy projects [6][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged operational challenges in South Africa but emphasized a commitment to recovery and restoring production volumes [5][26] - The outlook for financial year 2022 includes a focus on business recovery and deleveraging the balance sheet [26] - Management expressed confidence in achieving a sustainable oil price environment and maintaining operational resilience [38] Other Important Information - Capital expenditure is expected to remain within the range of ZAR20 billion to ZAR25 billion for the year [12] - The company is on track to achieve cash fixed cost savings of ZAR3 billion for 2022 [11] Q&A Session Summary Question: What is the issue with the absolute level of debt and the reluctance to pay an interim dividend? - Management clarified that both the absolute debt level and gearing are critical, with a target to reduce net debt below $5 billion before considering dividends [31][33] Question: Can you explain the hedging strategy and its impact? - Management explained that while some hedging was out of the money, it was designed to protect against downside risks, and they plan to adjust hedging ratios as the balance sheet improves [35][36] Question: What is the status of coal quality issues and stock levels? - Management reported that coal stockpile levels were at 1.1 million tons, with plans to reach 1.5 million tons by June [50][52] Question: How is the company addressing the LNG import strategy? - Management indicated that negotiations for LNG contracts are ongoing, with a focus on competitive pricing linked to crude oil [80][82] Question: What is the outlook for the U.S. chemicals business? - Management noted that lower volumes were guided due to planned outages, but specialty volumes are ramping up as expected [69]

Table of Contents As filed with the Securities and Exchange Commission on 22 September 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ◻ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934—for the year ended 30 June 2021 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ◻ SHELL COMPANY REPO ...

Financial Data and Key Metrics Changes - The company's EBITDA increased by 38% year-on-year to R48.4 billion, with free cash flow improving by 75% [18] - Net debt-to-EBITDA at the end of the reporting period was 1.5 times, significantly below the covenant of 3 times, and gearing decreased from 117% in FY 2020 to around 61% [20] - Normalized cash fixed costs were 4.2% lower in real terms, reflecting continued discipline in cost management [21] Business Line Data and Key Metrics Changes - Secunda operation volumes were up 3%, while Mozambique production increased by 2% [9] - The chemicals business achieved strong cash flows, with normalized sales volumes in the U.S. being 2% higher despite adverse weather events [10] - The LCCP project is now 100% complete and ramping up, contributing significantly to profitability [27] Market Data and Key Metrics Changes - The energy business benefited from high export sales volumes and a strong recovery in liquid fuels demand following the easing of lockdown restrictions in South Africa [25] - Higher sales volumes in Africa and Eurasia, along with increased average prices across most markets, resulted in strong cash flow contributions from the chemicals business [26] Company Strategy and Development Direction - The company is focused on its Sasol 2.0 transformation program, aiming for sustainable improvements and competitive profitability even in low oil price environments [23] - A commitment to sustainability and decarbonization is evident, with plans to share improved climate change targets at the upcoming Capital Markets Day [6][15] - The company is pursuing a focused portfolio through successful asset divestments, totaling US$3.8 billion since March 2020 [12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of maintaining a deleveraged balance sheet and the need for continued focus on cost management amid economic uncertainties [24] - Future guidance indicates a cautious approach to capital expenditure, with a focus on maintaining net debt levels below US$5 billion by the end of FY 2022 [27] - Management expressed confidence in the company's ability to restore investment-grade credit metrics and competitive returns for shareholders [28] Other Important Information - The company has suspended dividends until debt levels are reduced, indicating a prudent approach to capital allocation [24] - The upcoming Capital Markets Day will provide further clarity on the company's long-term strategy and capital allocation framework [4][15] Q&A Session Summary Question: What caused the mining costs to exceed guidance? - The increase in mining costs was attributed to the implementation of the Fulco system and some deterioration in coal quality, which affected productivity [30][31][33] Question: How does the impairment of the fuels facility reconcile with long-term oil price assumptions? - The impairment was influenced by a combination of higher initial oil price assumptions and a significant strengthening of the rand against the dollar, impacting net present value calculations [38][40][42] Question: What is the impact of the Canadian asset disposal on OpEx and CapEx? - The Canadian asset divestment resulted in a sales price of just over $50 million, and the company has modeled no future capital or operational expenditure related to these assets in its forecasts [57][59] Question: What are the expectations around chemical commodity prices? - Chemical commodity prices are expected to moderate as supply normalizes, with current prices reflecting a spike due to supply constraints from weather events [85][89] Question: Can the company provide more details on its sustainability targets? - The company is focusing on optimizing Fischer Tropsch technology for sustainable fuels and has included ESG-related CapEx in its guidance, with significant increases in greenhouse gas reduction ambitions expected by 2030 [107][109][111]

sasol Jo PLANET PEOPLE PROFIT | --- | --- | --- | |---------------------------------|-------|-------------------------------| | FINANCIAL RESULTS | | | | for the year ended 30 June 2021 | | Innovating for a better world | Copyright ©, 2021, Sasol 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 ...

Sasol Limited (NYSE:SSL) Q2 2021 Earnings Conference Call February 22, 2021 8:00 AM ET Company Participants Fleetwood Grobler – President and Chief Executive Officer Paul Victor – Chief Financial Officer Brad Griffith – Executive Vice President-Chemicals Priscillah Mabelane – Executive Vice President-Energy Business Conference Call Participants Fleetwood Grobler Good day and a very warm welcome to our FY21 Interim Results Call. Thank you for joining us. I hope you and your loved ones are keeping safe being ...

Sasol Limited. (NYSE:SSL) Q4 2020 Results Earnings Conference Call August 17, 2020 9:00 AM ET Company Participants Fleetwood Grobler - President and CEO Paul Victor - CFO Brad Griffith - EVP, Chemicals Vuyo Kahla - EVP, Advisory and Assurance and Company Secretary Conference Call Participants Fleetwood Grobler A very warm welcome to all joining this call today. The full set of results was published earlier this morning on our website; and for the purposes of this conference call, we will highlight the key s ...

ANNUAL RESULTS for the year ended 30 June 2020 POSITIONING FOR A SUSTAINABLE FUTURE Copyright ©, 2020, Sasol | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-----------------------------------------------------------------------------------| | | | | | | | | | | | | | FY20 ANNUAL RESULTS | | | | | | | ◉ Business results overview Fleetwood Grobler ◉ Financial results Paul Victor | | | | | | | ◉ Future Sasol Fleetwood Grobler | Copyright ©, 2020, Sasol 2 Forward-looking statement ...

Sasol Limited (NYSE:SSL) Q2 2020 Results Conference Call February 24, 2020 8:00 AM ET Company Participants Fleetwood Grobler - President and CEO Paul Victor - CFO Brad Griffith - EVP, Chemicals Vuyo Kahla - EVP, Advisory and Assurance and Company Secretary Conference Call Participants Chris Nicholson - RMB Morgan Stanley Gerhard Engelbrecht - Chronux Research Sriharsha Pappu - HSBC Alex Comer - JP Morgan Wade Napier - Avior Capital Markets Tom Wrigglesworth - Citi Henri Patricot - UBS Herbert Kharivhe - Inv ...

SASOL LIMITED INTERIM FINANCIAL RESULTS for the six months ended 31 December 2019 Copyright ©, 2020, Sasol 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 our future prospects, expectations, developments and business strategies. Examples of such forward-looki ...

Sasol Limited (NYSE:SSL) Q4 2019 Earnings Conference Call October 28, 2019 9:00 AM ET Company Participants Fleetwood Grobler - Chief Executive Officer Paul Victor - Chief Financial Officer Bernard Klingenberg - EVP of Global Operations Brad Griffith - EVP Jon Harris - EVP of Upstream Conference Call Participants Chris Nicholson - Morgan Stanley Gerhard Engelbrecht - Macquarie Henri Patricot - UBS Alex Comer - JP Morgan Sean Ungerer - Arqaam Capital Wade Napier - Avior Capital Markets Adrian Hammond - Standa ...