2022 Sasol Sustainability Report - Book - Page 78
INTRODUCTION
DATA AND ASSURANCE
SUSTAINABILITY PERFORMANCE AGAINST OUR FOCUS AREAS
ADDITIONAL INFORMATION
Forward-looking statements disclaimer
Sasol contacts
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-looking statements include, but are not limited to, the impact of the novel coronavirus (COVID-19)
pandemic, and measures taken in response, on Sasol’s business, results of operations, markets, employees, financial
condition and liquidity; the effectiveness of any actions taken by Sasol to address or limit any impact of COVID-19 on its
business; the capital cost of our projects and the timing of project milestones; our ability to obtain financing to meet
the funding requirements of our capital investment programme, as well as to fund our ongoing business activities
and to pay dividends; statements regarding our future results of operations and financial condition, and regarding
future economic performance including cost containment, cash conservation programmes and business optimisation
initiatives; recent and proposed accounting pronouncements and their impact on our future results of operations and
financial condition; our business strategy, performance outlook, plans, objectives or goals; statements regarding future
competition, volume growth and changes in market share in the industries and markets for our products; our existing
or anticipated investments, acquisitions of new businesses or the disposal of existing businesses, including estimates
or projection of internal rates of return and future profitability; our estimated oil, gas and coal reserves; the probable
future outcome of litigation, legislative, regulatory and fiscal developments, including statements regarding our
ability to comply with future laws and regulations; future fluctuations in refining margins and crude oil, natural gas
and petroleum and chemical product prices; the demand, pricing and cyclicality of oil, gas and petrochemical product
prices; changes in the fuel and gas pricing mechanisms in South Africa and their effects on prices, our operating
results and profitability; statements regarding future fluctuations in exchange and interest rates and changes in credit
ratings; total shareholder return; our current or future products and anticipated customer demand for these products;
assumptions relating to macroeconomics; climate change impacts and our climate change strategies, our development
of sustainability within our Energy and Chemicals Businesses, our energy efficiency improvement, carbon and GHG
emission reduction targets, our Net Zero carbon emissions ambition and future low-carbon initiatives, including relating
to green hydrogen and sustainable aviation fuel; our estimated carbon tax liability; cyber security; and statements
of assumptions underlying such statements. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”,
“plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify
forward-looking statements but are not the exclusive means of identifying such statements. By their very nature,
forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that
the predictions, forecasts, projections, and other forward-looking statements will not be achieved. If one or more of these
risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those
anticipated. You should understand that a number of important factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements.
These factors and others are discussed more fully in our most recent annual report on Form 20-F filed on 31 August 2022
and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is
not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider
foregoing factors and other uncertainties and events, and you should not place undue reliance on forward-looking
statements. Forward-looking statements apply only as of the date on which they are made, and we do not undertake
any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Postal and electronic addresses
and telecommunication numbers
Comprehensive additional information is available on our website: www.sasol.com
Private Bag X10014
Sandton 2146
Republic of South Africa
Telephone: +27 (0) 10 344 5000
Website: www.sasol.com
Business address and registered office
Sasol Place
50 Katherine Street
Sandton 2196
Republic of South Africa
Company registration number
1979/003231/06
Photography
Photographs used in this report have been sourced from our photographic library and many were taken before the COVID-19 outbreak.
Some of these photographs do not reflect the social distancing and protocols approved by the World Health Organization (WHO) such as
wearing of masks in public place and social distancing. All initiatives and related photographs done during the pandemic were carried out
in line with country-specific requirements.
Photographs used from stock libraries have been sourced with relevant licences.
Abbreviations
AUC – assets under construction
B-BBEE – Broad-Based Black Economic
Empowerment
bbl –barrels
BC – Base Chemicals business
boe – barrels of oil equivalent
b/d – barrels per day
bscf – billion standard cubic feet
capex – capital expenditure
CFC – cash fixed cost
CHEPS – core headline earnings per share
CO2 – carbon dioxide
CPTs – corporate performance targets
CTL – coal-to-liquids
CTRG – Central Termica De Ressane
Garcia S.A.
CY – calendar year
DEPS – diluted earnings per share
EBIT – earnings before interest and tax
EBITDA – earnings before interest, tax,
depreciation and amortisation
EPS – earnings per share
eq – equivalent
ESG – environmental, social and governance
FER-SR – fires explosions and releases–
severity rate
FT – Fischer-Tropsch
Fulco – Sasol Mining full calendar operation
FY – Financial year
GHG – greenhouse gas
GM – gross margin
GTL – gas-to-liquids
H2 – hydrogen
HEPS – Headline Earnings per Share
IFRS – International Financial
Reporting Standards
ISCC – International Sustainability
and Carbon Certification
JSE – Johannesburg Stock Exchange Limited
kt – thousand tons
ktpa – thousand tons per annum
KZN – KwaZulu-Natal
LC – Lake Charles
LCCC – Lake Charles Chemicals Complex
LCCP – Lake Charles Chemicals Project
LBIT – loss before interest and tax
LTIs – long-term incentives
LIP JV – Louisiana Integrated Polyethylene
Joint venture
LNG – liquefied natural gas
LWDC – lost work day cases
m³/h – cubic metre per hour
m bbl – thousand barrels
mm bbl – million barrels
mmboe – million barrels oil equivalent
mm³ –million cubic metres
mmscf – million standard cubic feet
mm tons – million tons
Moz – Mozambique
MW – megawatt
Net debt: EBITDA – EBITBA as defined in
the loan agreements
NG – natural gas
oil – references brent crude
one billion – one thousand million
one – one thousand million
p.a. – per annum
PPA – Power Purchase Agreement
PSA – Production Sharing Agreement
PtX – renewable power and sustainable CO2
to low-carbon fuels and chemicals
RCR – recordable case rate
RE – renewable energy
Rm – rand millions
ROIC – return on invested capital
ROMPCO – Republic of Mozambique Pipeline
Investment Company (Pty) Ltd
SAF – Sustainable Aviation Fuel
SARs – Share Appreciation Rights scheme
SARS – South African Revenue Services
Sasol 2.0 – group-wide
transformation programme
SO – Secunda Operations
STIs – short-term incentive
$/ton – US dollar per ton
t/cm/s – tons per continuous miner per shift
US – United States of America
WACC – weighted average cost of capital
Please note
One billion is defined as one thousand million, bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet,
oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year ended 30 June.
Any reference to a calendar year is prefaced by the word “calendar”.
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