SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 29
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PORTFOLIOS
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
STRATEGY continued
RESILIENCE OF OUR PORTFOLIO continued
Quantitative robustness testing of our strategy
• Scenarios are used to test the robustness of our strategy, both qualitatively and quantitatively, to assist in identifying potential risks and opportunities as well as to improve overall strategic resilience.
• The result of the robustness testing assists in shaping the Sasol of the future strategy and in identifying possible risks to the strategy. Sasol is actively monitoring opportunities for further value creation
into the future. Some interventions currently being progressed include:
Improved feedstock resilience
We continue to explore opportunities to
lower our exposure while balancing
production and decarbonisation,
incorporating lower carbon feedstocks like
biomass.
Quantitative robustness testing to FY30
Testing process:
• Price assumptions are developed for each
product and feedstock in each scenario,
including oil, refined products, natural gas,
chemicals and US ethane.
• These price assumptions as well as the
outcome of the financial modelling are
signed off by the Sasol Group Assumptions
Committee.
New value chains
We are exploring renewable power, gas-topower, green hydrogen, sustainable carbon
sourcing, sustainable aviation fuel and other
growth areas, focusing on those with
attractive returns before 2030 and that
support local job creation.
Chemicals growth
Our chemical products enhance lightweighting,
energy efficiency, packaging, personal care,
homecare, industrial and institutional cleaning,
industrial applications, and alumina materials
for specialty applications. We continue to
monitor carbon border tax impacts on our
chemicals portfolio.
In the graph, the dotted line indicates the indexed FY25 EBITDA in the
Current Pathway. This is compared to the indexed values in the scenarios in
FY30. The comparison in the different scenarios is dependent on the relative
oil price and feedstock cost variations. Despite varying scenarios, we employ
an agile process that proactively adjusts and shapes our strategy, enhancing
our resilience by capitalising on new, sustainable growth opportunities.
Earnings and oil price in real terms (index)
• Through Group Finance, a detailed financial
modelling exercise is undertaken to test the
financial robustness to FY30.
• We used the metric of Adjusted Earnings
Before Interest, Taxes, Depreciation and
Amortisation (EBITDA).
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• Outcomes of the modelling are also signed off
by the Assumptions Committee and used for
decision-making.
CURRENT
PATHWAY
FY30
FY25
FRAGMENTED
WORLD
FY30
COOPERATIVE
WORLD
FY30
Earnings (ZAR billion) in real terms FY25
NET
ZERO
FY30
Oil price (ZAR/bbl) in real terms FY25
SASOL INTEGRATED REPORT 2025
28
Climate change impacts
We monitor potential climate change
impacts, including production loss, supply
chain interruptions and infrastructure
damage. Climate resilience and adaptation to
weather impacts is a key design philosophy.
