Sasol Integrated Report 2024 - Book - Page 24
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
REMUNERATION REPORT
DATA AND ASSURANCE / ADMINISTRATION
PRESIDENT AND CHIEF EXECUTIVE OFFICER’S STATEMENT continued
GROUP TOP PRIORITIES FOR THE YEAR AHEAD
Gratitude for your support
At this early stage of my tenure, there are three
key messages I would like our stakeholders to
keep in mind.
1
I have a clear vision for Sasol, to build a
resilient and sustainable business that
delivers value for all our stakeholders.
2
While our recent actions are making an
impact, more work is needed to strengthen
and grow our foundation business.
3
We must transform Sasol for long term
sustainable performance by building
on our strengths.
As I close, I want to take a moment to express
my deep gratitude.
First, I would like to acknowledge my predecessor,
Fleetwood Grobler, a stalwart of Sasol for over
40 years. Fleetwood’s leadership and unwavering
commitment have left an indelible mark on this
company, and I am honoured to build on the
foundation he laid.
To the Sasol Board, thank you for entrusting me
with leading Sasol. Your confidence in me is both
humbling and inspiring, and I know that, together,
we will build an even greater Sasol.
To our employees, thank you for your hard work,
resilience, and passion. Your dedication drives
Sasol’s success, and I am proud to be part of
such a talented and committed team.
Finally, to all our stakeholders, thank you for your
warm welcome and continued support. Together,
we will navigate the challenges ahead and seize
the opportunities that will shape Sasol’s future.
Simon Baloyi
President and Chief Executive Officer
Shareholding
SAFE, EFFICIENT AND RELIABLE OPERATIONS
• Prioritising safety: Relentless in driving rigorous safety measures to ensure Zero Harm
• Operational excellence: Safely and continuously achieve our production targets according to plan,
pursuing efficiency, quality and innovation in running our operations
• Environmental stewardship and licence to operate: Deliver on our environmental compliance
commitments and progress our GHG emissions reduction roadmap
South African-born Sasol is listed on the
Johannesburg Stock Exchange (JSE) and on
the New York Stock Exchange for purposes
of our American Depositary Receipt program.
Sasol ordinary shares (%)
17,87 (19,53)
ˇ
642 143 757
CASH GENERATION
• FY25 budget: Deliver the FY25 budget including supporting Sasol 2.0 initiatives for cash fixed
cost, gross margin, capex and working capital
• Enhance cost competitiveness: Prioritise cost efficiency in how we run our business, including
feedstocks, while optimising margins
• Maximise cash flow: Focus on opportunities to enhance cash generation to enable net debt
reduction to below US$4 billion
• Optimise capital allocation and asset reviews: Understand the impacts of underperforming
value chains and take corrective actions to drive profitability
82,13 (80,47)
Public
Non-public
ˇ Number of shares in issue
Beneficial ownership per geographic region (%)
3,74 (3,35)
8,97 (10,53)
CULTURE
• Revitalise culture: Commit to align our organisational culture to our strategic goals, to create
an enabling environment for our business to reach its full potential and provide growth
opportunities for our people
• Reignite innovation: Nurture a growth and innovation mindset in everything we do to lay
the foundation for a sustainable future
19,88 (15,77)
67,41 (70,36)
South Africa
North America
CUSTOMER VALUE PROPOSITION
• Embed customer centricity: Continuously meet our customers’ expectations, from a service,
quality and innovation perspective, while unlocking value and growth for Sasol
• Optimise margins and cash generation: Produce the right product for our customers,
competitively priced to ensure optimal margins and delivered on time through appropriate channels
STAKEHOLDER CONFIDENCE AND GROWTH AGENDA
• Compelling vision: Define a credible vision for Sasol and continuously provide proof points
of delivery to rebuild trust and confidence among our stakeholders
• Grow sustainable business: Define and deliver on our sustainable growth agenda
• Strengthening relationships with stakeholders including regulators: Continue to cultivate strong
relationships with our stakeholders and partners for shared value creation
Other
Europe
Beneficial ownership by fund type
3,06 (4,55)
5,18 (4,50)
8,21 (8,31)
2,60 (2,99)
27,75 (28,76)
8,56 (6,54)
20,53 (21,07)
29 August 2024
A FOUNDATION OF SAFETY, CUSTOMER CENTRICITY,
HIGH PERFORMANCE AND CARE IN OUR JOURNEY TO FULL POTENTIAL
SASOL INTEGRATED REPORT 2024
22
Pension and
provident funds
Unit trusts
Mutual funds
Government of South Africa
American Depositary
Receipt holders
Sovereign wealth funds
Insurance companies
