RESULTS PRESENTATION Copyright ©, 2025, Sasol AGENDA Strengthen our foundation Business overview Simon Baloyi Financial performance Walt Bruns Grow and Transform Strategic update Simon Baloyi Q&A 30 June 2025 Copyright ©, 2025, Sasol 2 Disclaimer - Forward-looking statements Sasol may, in this document, make certain statements that are not historical facts based on management's current views and assumptions, and which are conditioned upon and also involve known and unknown risks and uncertainties that could ...

Core Insights - The Star Princess, the second Sphere-Class ship from Princess Cruises, is set to debut on October 4, 2025, after successful sea trials [1][2] - The ship is designed to reduce emissions and is powered by liquefied natural gas (LNG), marking a significant advancement in environmental sustainability for the cruise industry [2][5] - Star Princess will feature 30 dining and bar venues, advanced entertainment options, and luxurious accommodations, catering to 4,300 guests [5][6] Company Overview - Princess Cruises is recognized as a leading cruise brand, known for delivering exceptional vacation experiences across various global destinations [8] - The company is part of Carnival Corporation & plc, which is publicly traded on NYSE and LSE [8] Technical Features - The vessel is equipped with two Azipod propulsion units for enhanced maneuverability and efficiency, along with four controllable pitch bow thrusters [3] - Star Princess has a gross tonnage of 177,800 tons and includes over 1,500 balcony staterooms for panoramic views [5][6] Inaugural Season - The inaugural season will include voyages to the Mediterranean, Caribbean, Panama Canal, and Alaska, with bookings currently available [7]

Core Viewpoint - Essential Utilities (WTRG) is experiencing growth through acquisitions, organic ventures, and capital expenditures, which are enhancing its water and wastewater operations [1] Group 1: Investment Plans and Infrastructure - The company plans to invest $7.8 billion from 2025 to 2029 to improve its water and natural gas systems, with an investment of $1.4-$1.5 billion in infrastructure planned for 2025 [2][8] - Essential Utilities has expanded its utility operations significantly since 2015, completing numerous acquisitions that have added over 129,000 customers, with five pending acquisitions expected to add more than 210,000 customers [4][8] Group 2: Operational Stability and Emission Reduction - A majority of the water distributed by the company is self-sourced, which contributes to business stability, and the company aims to reduce annual Scope 1 and 2 emissions by 60% by 2035 compared to 2019 levels [3] - The focus on new and advanced assets is expected to lower operational costs [3] Group 3: Challenges and Risks - Water utilities face risks related to water contamination, which can lead to service disruptions and additional costs for testing and treatment [5] - Weather fluctuations, such as cooler winters and increased rainfall, can negatively impact water demand and the company's performance [6] Group 4: Stock Performance - Over the past six months, WTRG's shares have increased by 3.8%, which is lower than the industry's growth of 17.6% [7][8]

Core Viewpoint - Kalmar Corporation has received validation from the Science Based Targets initiative (SBTi) for its near- and long-term emissions reduction targets, committing to net-zero emissions by 2045 in alignment with the Paris Agreement's goal of limiting global temperature rise to 1.5°C [1][2][4]. Group 1: Emission Reduction Targets - Kalmar aims to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 90% by 2030 from a 2023 base year [6]. - The company also targets a 40% reduction in absolute scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, use of sold products, and downstream leased assets within the same timeframe [6]. - From 2030 to 2045, Kalmar commits to maintaining a minimum of 90% absolute scope 1 and 2 GHG emissions from the 2023 base year [6]. - Additionally, the company plans to reduce absolute scope 3 GHG emissions by 90% by 2045 from the 2023 base year [6]. - Kalmar's ultimate goal is to achieve net-zero greenhouse gas emissions across its entire value chain by 2045 [6]. Group 2: Commitment to Sustainability - The validation from SBTi underscores Kalmar's commitment to sustainability and its role in driving the transformation towards sustainable material handling in the industry [2][3]. - The company emphasizes the importance of sustainable innovation and collaboration with customers and suppliers to tackle emissions across its entire value chain [3]. - Kalmar's vision is to be a leader in sustainable material handling equipment and services, contributing to profitable business growth while adhering to climate science [2][5].

Core Insights - NRG Energy's strategic focus on reducing emissions enhances its long-term investment outlook by aligning with global decarbonization efforts and tightening environmental regulations [1][4] - The company's commitment to achieving net-zero emissions by 2050, supported by interim 2030 targets, reflects a credible sustainability roadmap [1][8] Environmental Strategy - NRG Energy's shift toward a lower-carbon business model is both environmentally responsible and financially advantageous, with investments in clean technologies like battery storage and carbon capture improving operational efficiency and profit margins [2][8] - The company's cleaner portfolio provides a significant cost advantage as carbon pricing becomes more prevalent, avoiding penalties for high-emission operators [2] Brand and Customer Loyalty - Receding emissions levels enhance NRG's brand equity and customer loyalty in a sustainability-driven market, positioning the company to deliver cleaner, personalized energy solutions [3] - NRG's green product offerings and energy efficiency services create new cross-selling opportunities and recurring revenue streams [3] Financial Performance - NRG Energy's return on equity (ROE) indicates efficient use of shareholders' funds, outperforming peers in generating profits [7][8] - The Zacks Consensus Estimate for NRG's earnings per share (EPS) for 2025 and 2026 shows increases of 2.78% and 9.12%, respectively, over the past 60 days [10][8] Market Position - NRG's stock has outperformed the Zacks Utility-Electric Power industry over the past six months, indicating strong market performance [11]

Core Viewpoint - PyroGenesis Inc. is advancing its innovative plasma-based process for producing fumed silica directly from quartz, reflecting growing industry interest and potential market disruption in the fumed silica sector [1][2][3] Group 1: Company Developments - PyroGenesis has been engaged by HPQ Silica Polvere Inc. to develop a Fumed Silica Reactor, with multiple requests for fumed silica powder received from potential clients for analysis [1][4] - Shipments of fumed silica powder are occurring prior to further refinement, indicating immediate industry interest in PyroGenesis' technology [2][4] - The company aims to position its fumed silica production process as a sustainable alternative in the global market, aligning with its commitment to sustainability and innovation [3][5] Group 2: Industry Context - Fumed silica is a widely used industrial material found in various products, including personal care items, pharmaceuticals, and construction materials, serving as a thickening and anti-caking agent [3] - The development of fumed silica from quartz is part of PyroGenesis' three-vertical solution ecosystem, which includes Commodity Security & Optimization, Energy Transition, and Emission Reduction and Waste Remediation [5][6] - The company's advanced plasma technologies are being adopted by major industry players across multiple sectors, including iron ore pelletization and aluminum [6]

Core Viewpoint - PyroGenesis Inc. has successfully produced fumed silica material that exceeds expectations during the latest pilot runs, indicating progress in the development of its Fumed Silica Reactor (FSR) project [1][4]. Group 1: Project Development - The FSR pilot plant has progressed through several important stages, moving from lab-scale tests to pilot plant scale to validate equipment scale-up and replicate product quality [2]. - An important milestone was achieved with the production and collection of powder in the product recovery unit, confirming that the collected powder is indeed fumed silica [3][4]. - Independent analysis confirmed that the amount of fumed silica produced was greater than anticipated, which is promising for the project's economics [4]. Group 2: Product Characteristics - The collected fumed silica powder aligns well with the microstructure and complexity of commercial-grade fumed silica produced by Evonik Corporation, typically in the range of 150 to 200 m²/g [6]. - The pilot plant will focus on enhancing product purity and achieving a production target of 50 tonnes per year (TPY) [13]. Group 3: Future Objectives - The balance of the pilot plant program will focus on optimizing tests to improve process control, silica conversion efficiency, yield, and product surface areas [8][13]. - The results from the characterization and optimization phases will be crucial for determining market fit and making the system commercially viable [8]. Group 4: Industry Context - Fumed silica is widely used in various products, including personal care items, pharmaceuticals, and construction materials, serving as a thickening and anti-caking agent [9]. - PyroGenesis' development of fumed silica from quartz is part of its broader strategy to enhance commodity security and optimize material production techniques [10].

Core Viewpoint - PyroGenesis Inc. has successfully retrieved material assumed to be fumed silica from the Fumed Silica Reactor pilot plant, which has been sent to a third-party laboratory for analysis, marking a significant milestone in the development of advanced material production techniques [1][5][4]. Group 1: Company Developments - The material produced during the latest phase of system testing has been collected from the baghouse, indicating progress in the pilot plant's operation [1][4]. - The analysis from the third-party lab is expected to confirm the assumptions regarding the material's quality and the presence of any impurities [4][5]. - The pilot plant has successfully transitioned from lab-scale tests to pilot-scale testing, focusing on validating equipment scale-up and replicating product quality [3][4]. Group 2: Industry Context - Fumed silica is a widely used industrial material found in various products, including personal care items, pharmaceuticals, and construction materials, serving as a thickening and anti-caking agent [6]. - PyroGenesis' development of fumed silica aligns with its three-vertical solution ecosystem, which includes Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation [7]. - The company's proprietary plasma technologies are being adopted by major industry players across multiple sectors, including iron ore pelletization and additive manufacturing [8].

Core Insights - ClearSign Technologies Corporation has received an engineering order for an additional retrofit burner for a flare from an energy company in California, indicating a growing demand for low emissions solutions [1][2] - This order marks the second burner sold to this customer within the year and the third overall, reinforcing the company's position in advanced combustion technologies [2] - The retrofit burner is intended to be installed in an enclosed flare at a production facility in the San Joaquin Valley, with installation expected in the fourth quarter of 2025 [2] Company Overview - ClearSign Technologies Corporation specializes in designing and developing technologies aimed at decarbonization, operational performance, energy efficiency, emission reduction, and safety [3] - The company's patented technologies, such as ClearSign Core™ and ClearSign Eye™, enhance combustion systems and fuel safety across various industries, including energy, commercial/industrial boiler, chemical, and power [3]