SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 164
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PORTFOLIOS
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
PART IV: REMUNERATION IMPLEMENTATION REPORT continued
FY26 Incentive KPIs
Shareholder
Alignment
Short-term Incentive KPIs
Long-Term Incentive KPIs
The FY26 short-term incentive (STI) scorecard has been approved to reflect a strong emphasis on
profitability through value over volume.
To sharpen the focus on business-specific value creation and reinforce accountability for delivering on
Capital Markets Day commitments, the FY26 Long-Term Incentive (LTI) KPI framework has been enhanced.
The ROIC metric has been replaced with two more targeted performance indicators:
We have retained most of the metrics included in the FY25 scorecard.
• EBITDA margin % for the International Chemicals business; and
• Breakeven Oil Price for Southern Africa operations.
Weighting
(FY26)
Additionally, to further strengthen alignment with corporate performance, 100% of the GEC LTI award is
now subject to the achievement of Corporate Performance Targets, up from 70% previously and a three
year time-based vesting criteria.
Occupational Safety
10%
Occupational Safety:
Number of Hospitalisations
Process Safety
10%
Process safety:
The number of all major and significant FERs
Energy Efficiency
10%
% Energy Efficiency improvement from
the FY25 baseline
Gross Margin
15%
Synfuels Operations
Production Volume
5%
FY26 KPI – Key Performance
Indicator
Weighting
(FY26)
Unit of measure by FY28
Scope 1 and 2
GHG Intensity at
Secunda Operations
25%
Improve on Scope 1 and 2 GHG intensity
for Secunda Operations by 1%
FY26 Gross Margin
Southern Africa
Breakeven Oil Price
20%
SA Breakeven Oil Price of US$50/bbl
Secunda Production Volumes
International Chemicals
EBITDA margin %
10%
Adjusted EBITDA margin for International
Chemicals of 15%
Net debt (US$)
15%
Net debt of US$2,85bn (excluding leases,
dividends and second order capital but
including first order capital (nominal terms)
of maintain and selective growth capital)
Relative TSR measured
against the peer group
30%
60th percentile of the peer group
Group
Financials
(75%)
ESG
(People)
(20%)
ESG
(Climate)
(10%)
Group
Financials
(70%)
These changes ensure a more direct link between incentive outcomes and the operational levers that drive
long-term shareholder value.
Unit of Measure
ESG
(25%)
KPI – Key Performance
Indicator FY26
Cash Fixed Cost
Optimisation
15%
FY26 Absolute CFC
Free cash flow generation
35%
FY26 Free cash flow (after second order
capex and before dividends paid) to
Turnover ratio
SASOL INTEGRATED REPORT 2025 163
