Sasol Integrated Report 2023 - Book - Page 94
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
CREATING VALUE
PERFORMANCE
GOVERNANCE AND REWARDS
ADMINISTRATION
GLOSSARY // ABBREVIATIONS
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”.
ADR/s
American Depositary Receipt/s
GDP
Gross domestic product
N 2O
Nitrous oxide
TGP
Total guaranteed package
AGM
Annual General Meeting
GEC
Group Executive Committee
NACD
Certificate in cyber security oversight
TSR
Total shareholder return
AGOA
African Growth and Opportunities Act
GHG
Greenhouse gas
Natref
National petroleum refiners of south Africa (Pty) LTD
TTR
Total Target Remuneration
AUC
Assets under construction
GID
Global Invest Direct Program
NAQO
National Air Quality Officer
US
United States of America
B-BBEE
Broad-Based Black Economic Empowerment
GM
Gross margin
NED
Non-Executive Director
US$/ton
US Dollar per ton
bbl
Barrels
GRI
Global Reporting Initiative
NERSA
National Energy Regulator of South Africa
UN
United Nations
b/d
Barrels per day
GTL
Gas-to-Liquids
Net debt:
EBITDA – EBITBA as defined in the loan agreements
UN SDG/s
United Nations Sustainable Development Goal/s
BFP
Basic Fuel Price
GTP
Gas-to-power
NGOs
Non-governmental organisations
VAT
Value added tax
Board
Board of Directors
GTRs
Group top risks
NYSE
New York Stock Exchange
WACC
Weighted average cost of capital
boe
Barrels of oil equivalent
H2
Hydrogen
OT
Operations Technology
ZAR
South African Rand
BPEP
Business Performance Enhancement Programme
HSI
High-severity incident
PA
Per annum
bscf
Billion standard cubic feet
HRIS
Human Resources Information System
PDRI
Plan, Do, Review and Improve
CAM
Combined Assurance Model
HSI-SR
High-severity incident – severity rate
PM
Particulate matter
capex
Capital expenditure
HEPS
Headline earnings per share
PPA
Power purchase agreement
CEO
Chief Executive Officer
IFRS
International Financial Reporting Standards
PSA
Production Sharing Agreement
CF2
Clean fuels specifications
IM
Information Management
PT5-C
Exploration area
CFC
Cash fixed cost
IRA
Inflation Reduction Act
PTL
Power-to-liquids
CFO
Chief Financial Officer
IT
Information Technology
PtX
Power-to-X
CGU/s
Cash generating unit/s
IPF
Individual performance factor
PV
Photovoltaic
CHEPS
Core headline earnings per share
JSE
Johannesburg Stock Exchange Limited
RCF
Revolving credit facility
CO2
Carbon dioxide
JV/s
Joint venture/s
RCR
Recordable case rate
CPI
Consumer Price Index
KPI/s
Key performance indicator/s
RE
Renewable energy
CPTs
Corporate Performance Targets
kt
Kilotons
RED
Renewable energy directive
CTL
Coal-to-liquids
ktpa
Thousand tons per annum
Rm
Rand millions
CTRG
Central Térmica de Ressano Garcia S.A.
LBIT
Loss before interest and tax
ROIC
Return on invested capital
CY
Calendar year
LCCC
Lake Charles Chemicals Complex
ROMPCO
CHEPS
Core headline earnings per share
LCCP
Lake Charles Chemicals Project
Republic of Mozambique Pipeline Investment
Company (Pty) Ltd
DEPS
Dilluted earnings per share
LIP JV
Louisiana Integrated Polyethylene Joint venture
RP
Response Plan
EAP
Employee assistance programme
LTI/s
Long-term incentive/s
rTSR
Relative total shareholder return
SAF
Sustainable aviation fuel
SAPREF
South African Petroleum Refineries
SARs
Share Appreciation Rights scheme
SARS
South African Revenue Services
Sasol 2.0
Group-wide transformation programme
SDG/s
Sustainable Development Goal/s
SEC
Securities and Exchange Commission
SHE
Safety, health and environment
SO
Secunda Operations
SO2
Sulphur dioxide
SSEC
Safety Social and Ethics Committee
STEM
Science, Technology, Engineering and Mathematics
STI/s
Short-term incentive/s
TCFD
Task Force on Climate-related Financial Disclosures
t/cm/s
Tons per continuous miner per shift
EBIT
Earnings before interest and tax
LTIP
Long-term incentive plan
EBITDA
Earnings before interest, tax,
depreciation and amortisation
LWDCR
Lost workday case rate
MES
Minimum Emission Standards
EGTL
Escravos Gas-to-Liquid
MGP
Maximum Gas Price
EmpVP
Employee Value Proposition
MM
Material matters
ENREF
Engen Oil Refinery
mm bbl
Million barrels
EPS
Basic earnings per share
mmboe
Million barrels oil equivalent
ERM
Enterprise risk management
m bbl
Thousand barrels
ERR
Emission reduction roadmap
mm tons
Million tons
ESG
Environmental, social and governance
mmscf
Million standard cubic feet
EVP/s
Executive Vice President/s
mm3
Million cubic metres
FCTR
Foreign currency translation gains
MOI
Memorandum of Incorporation
FER-SR
Fires explosions and releases – severity rate
MOU
Memorandum of Understanding
FT
Fischer-Tropsch
MSR
Minimum Shareholding Requirement
FY
Financial year
MW
Megawatt
SASOL INTEGRATED REPORT 2023
93
