financial results for the year ended 30 June 2011...financial results for the year ended 30 June 2012 better together… we deliver 2 forward-looking statements Forward-looking statements:

JSE: SOL | NYSE: SSL

better together… we deliver

financial results for the year ended 30 June 2012

better together… we deliver 2

forward-looking statements

Forward-looking statements: 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, developments and business strategies. Examples of such forward-looking statements

include, but are not limited to, statements regarding exchange rate fluctuations, volume growth,

increases in market share, total shareholder return and cost reductions. Words such as “believe”,

“anticipate”, “expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavour” and “project” and

similar expressions are intended to identify such 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 are discussed more fully in

our most recent annual report under the Securities Exchange Act of 1934 on Form 20-F filed on

7 October 2011 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 both these factors and other uncertainties and

events. 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.



introduction

David E Constable chief executive officer


what you will hear today

key messages

● Record full year earnings

● Delivering on key milestones

● Significantly improved second half operational performance

● Strategic agenda to focus the organisation

● Compelling investment proposition

Synfuels, Secunda ORYX GTL, Qatar


demand growth underpins the end of cheap

oil prices

creating an opportunity for

arbitrage

● Oil consumption has grown rapidly in India

and China since 1990

● Increased incomes will drive further growth

in demand for oil

● If present trends continue, India and China

demand to increase by ~11mmbbl/d

● Resultant high oil prices and gas

availability supports oil/gas arbitrage in

North America 0

20

40

60

80

United States

Germany China India

Daily

barr

els

of

oil

per

1 0

00 p

eople

Oil consumption

1990 2011

Source: BP energy statistics, Sasol analysis


making a positive contribution

in the countries in which we operate

● Energy supply and socio-economic development

● An alternative to ensure cost-effective energy security and downstream growth

● In-country investment and use of resources

● Driving significant skills transfer to the local workforce

● Supplier of world-class products

O&S, Lake Charles, Louisiana ORYX GTL, Qatar


making a positive contribution

in South Africa

● One of the largest corporate taxpayers - contributing R28,2bn in FY12

● FY12 capex spend in South Africa increased by 14% to R18,8bn

● Invested R819m in skills development in South Africa in FY12

● Committed R309,4m to socio-economic development in South Africa in FY12

● Surpassed Mining Charter BEE ownership thresholds set for 2014

● Proud sponsor of the 2012 South African Olympic and Paralympic teams

Brandspruit colliery, Secunda Induction training, Secunda


delivering on key milestones in 2H12

abroad

● FEED work for Uzbekistan GTL plant progressing according to schedule

● Canada GTL feasibility study completed

● Feasibility studies for a US integrated GTL and chemicals facility as well as a world scale

ethane cracker progressing well and coming to closure

● Successful expansion of Mozambique CPF from 120 mGJ to 183 mGJ

● Developing additional gas-fired electricity generation capacity in Mozambique

Lake Charles, Louisiana Gas pipeline, Mozambique


delivering on key milestones in 2H12

in South Africa

● The R3,4bn Thubelisha mine shaft was inaugurated at the Twistdraai colliery

● Synfuels growth programme delivers results with:

• the commissioning of two new gasifiers and the 17th reformer

• the gas turbines, 10th Sasol advanced synthol reactor, and 16th oxygen train delivering in

line with expectations

● Sasol New Energy began construction of a 140MW electricity generation plant in Sasolburg

Open cycle gas turbines, Secunda Brandspruit colliery, Secunda


solid operations

operations highlights

● ORYX GTL plant continues to achieve new production records and is consistently producing

above its design capacity of 32 400bpd

● Enhanced production performance at Arya Sasol Polymer Company

● Sasol Synfuels delivered production for the year of 7,2 mt

• 2H12 production run-rate of 7,6 mt – best in five years

● Safety improvement plans deliver positive results

Synfuels, Secunda ORYX GTL, Qatar


delivering superior shareholder returns

record earnings

● Significant improvement in second half production

● Cash fixed costs in line with inflation

● Operating profit up 23% to R36,8bn

● Headline earnings per share up 25% to R42,28

● Total dividend up 35% to R17,50 per share

● Cash generated by operations up 24% to R47,9bn

Synfuels, Secunda O&S, Germany



financial and

operational

performance

Christine Ramon chief financial officer


Prices reflect international commodities or baskets of commodities and are not necessarily Sasol specific

Sources: RSA Department of Energy, ICIS-LOR, Reuters, Platts, World Scale Association, McCloskey, International Energy Agency

favourable macro environment despite softer

chemicals markets U

S$

/to

n

Softening chemical prices

Polymers basket

Solvents basket

US

$1

= Z

AR

Weakening currency

0

5

10

0

100

200

$/m

mb

tu (

ga

s p

rice)

US

$/b

bl

Higher fuel and oil, lower US gas prices

Brent

Product price

Henry Hub

$1 308

$1 420

$1 284

$1 362

FY11 FY12

$96

$131

$112

FY11 FY12 FY11 FY12

R7,01

R7,78

$4,15 $3,05

$108

Commodity prices

Rand/unit

Average

FY12

% ∆ vs

FY11

Brent/bbl 875 ▲ 30

Fuel products/bbl 1 021 ▲ 34

Polymers/ton 9 982 ▲ 9

Solvents/ton 10 563 ▲ 6

Export coal/ton 822 ▲ 9


2012 2011 % ∆

SA Energy 29,0 19,9 ▲ 45

International Energy (0,1) 1,6 ▼103

Chemicals 6,5 8,7 ▼ 25

Other 1,4 (0,3)

Operating profit (Rbn) 36,8 29,9 ▲ 23

Operating margin (%) 21,7 21,0 ▲ 1

Earnings per share (R) 39,10 32,97 ▲ 19

Dividend per share (R) 17,50 13,00 ▲ 35

Cash generated by

operations (Rbn) 47,9 38,6 ▲ 24

SA energy drives growth in group profitability

● Significant improvements in production

performance in 2H12

● Operating profit negatively impacted by

once-off charges of R2,1bn (FY11: R1,1bn)

● Robust performance from SA Energy

● International energy impacted by Canada

non-cash costs

● Chemicals negatively impacted by lower

demand and margin squeeze

79%

17%

4%

Operating profit split

SA Energy Intl Energy Chemicals Other


Costs

and volumes

Macro

environment

20 476 0%

(5%) (5%) (5%) (4%)

∆ (20)% 16 282

(5%)

4%

∆ 23% 36 758

0

10 000

20 000

30 000

40 000

1H12 Exchange rate¹

Crude oil and prices

Once-offs² Period-end adjustments³

Depre- ciation

Costs and other

Sales volumes

2H12 FY12

Rm

Operating profit

1. Includes losses on forward exchange contracts (R-1,1bn) and Arya market rate adjustment (-R0,4bn)

2. Includes Canada impairment (-R1,0bn) and other remeasurement items

3. Includes adjustments for provision for rehabilitation (-R0,7bn), stock movements (-R0,1bn), share-base payment expenses (R0,8bn) and period-end incentive

provisions (-R1,1bn)

4. Includes incremental depreciation for Canada (-R0,5bn)

5. Includes growth and study costs (-R0,4bn) and 2H vs 1H timing difference on labour cost increases (-R0,3bn)

once-off charges and period-end adjustments

significantly impact 2H12 operating profit

Chemicals

profits down by

50% in 2H12

⁴ ⁵


31 678 1% (2%) 32 280 (2%) (8%) (1%)

∆ (12%) 35 568

0

10 000

20 000

30 000

40 000

50 000

2011 Once-offs¹ Growth and study costs

Period-on- period

normalised

Exchange rate

Inflation Maintenance and other

2012

Rm

Cash fixed costs

1. Includes prior year competition related fines and current year O&S Witten plant disposal (cash fixed costs)

cash fixed costs contained to inflation

despite a challenging environment

Cash

fixed costs increase 9%

excl. study, growth, once-off

and currency effects


Operating profit (Rm) 2012 2011 % ∆

Mining 2 287 1 063 ▲ 115

Gas 2 985 2 578 ▲ 16

Synfuels 22 095 15 188 ▲ 45

Oil 1 592 1 180 ▲ 35

Other (2) (62)

Total cluster 28 957 19 947 ▲ 45

SA energy:

underpins group profit and cash generation

● Mining benefited from higher sales volumes and

prices to Synfuels. BEE ownership now > 40%

● Gas improved volumes and sales prices

● Synfuels improved production volumes and

prices, reduced by higher cash fixed costs

• 2H12 production run-rate best in 5 years

● Oil benefited from higher product prices and

margins despite lower sales volumes

16th oxygen train, Secunda Thubelisha mine shaft, Secunda


international energy:

GTL flagship ORYX drives growth in SSI's profits

● Strong ORYX performance. Margin expansion

and production up 9%

• continues to achieve new production records

● Increased Mozambique production reduced by

impairment of Block 16/19 and Australian dry

wells

● Canada affected by impairment, due to low gas

prices, and high depreciation

• upstream operations cash positive


SSI 1 881 1 205 ▲ 56

ORYX 2 856 1 937 ▲ 47

Funding growth (975) (732) ▼ 33

SPI (1 936) 382

Mozambique and Gabon 1 055 1 064 ▼ 1

Canada upstream (2 226) (78)

Exploration and growth (765) (604) ▼ 27

Total cluster (55) 1 587 ▼103

Total cluster ex Canada 2 171 1 665 ▲ 30

ORYX GTL, Qatar Gas drilling rig, Mozambique


chemicals:

margins optimised despite challenging market conditions

● Polymers in line with industry trends

• SA business under severe pressure

• Arya achieved average utilisation rate of 84%

● Solvents delivered flat production, offset by

lower sales volumes and margins

● O&S sustained robust performance, excluding

impact of once-offs

• production matched to weaker demand and

to optimise margins


Polymers 716 1 579 ▼ 55

Solvents 1 403 1 655 ▼ 15

O&S 3 193 4 161 ▼ 23

Other 1 188 1 317 ▼ 10

Total cluster 6 500 8 712 ▼ 25

Infrachem lab, South Africa Wax expansion, Sasolburg EPU5, Sasolburg


1. Estimate

growth strategy gaining momentum

29,2

32,0 34,0

0

10

20

30

40

2012 2013e¹ 2014e¹

Rb

n

Estimated capital investments

Sustenance Growth

16,1

20,7

29,2

0

10

20

30

40

2010 2011 2012

Rb

n

Increased capital investments to fuel growth

SA Energy Int Energy Chemicals Other


1. Cash generated by operations after payment of taxes

strong cash flows fund capital investments

and dividends

0

10

20

30

40

50

Sources Uses Sources Uses

Rb

n

Sources and uses of cash

Cash gen. by ops after tax¹ Asset disposals

Dividends Acquisitions and investments

Capex

2011

2012

0

10

20

30

0

10

20

30

2008 2009 2010 2011 2012

%

%

Delivering ROIC ahead of WACC

ROIC WACC IRR target


1. Source: Bloomberg 30 June 2007 to 30 June 2012, assuming dividends are reinvested in securities

2. JSE Resource 10 index

record dividend boosts superior

shareholder returns

-15%

-5%

32%

-2%

11%

53%

-30% 0% 30% 60%

JSE Resources²

MSCI World Energy

Sasol

Leading TSR over the last 5 years¹

ZAR USD

0

2

4

6

0

10

20

30

2009 2010 2011 2012

%

ZA

R

Record final dividend

Interim Final Dividend yield (year-end)


FY13 profit outlook: strong management focus

in a challenging environment

● Production

• Synfuels FY13 target of 7,2 mt to 7,4 mt

• maintain ORYX GTL at 80-90% utilisation rate

• Arya utilisation above 80%

• Canada volumes to grow steadily once gas prices trigger further

economic development

● Normalised cash fixed costs contained within South African PPI inflation

● Maintain solid chemicals operating margins

● Expect continued pressure on Polymers South Africa operating margins

Financial and

operational

● Oil price to remain volatile

• geopolitical factors should be supportive of higher oil prices

● Chemicals outlook softening

● Euro zone uncertainty

● Rand remains biggest external factor impacting profitability

• weaker ZAR will improve profitability

Macro



a compelling

investment

proposition

David E Constable chief executive officer


Operations

Excellence

Gro

up

im

pe

rati

ve

s

Definition of victory

Capital

Excellence

Business

Excellence

Values-driven

Organisation

Sustainable growth

Accelerate GTL,

focused CTL growth

Grow related upstream

business

Grow technological lead

Grow chemicals based on

feedstock, market and/or

technology advantage

Develop and grow new

energy

Foundation

Develop and empower

high-performing, values-

driven people

Continuously improve

and grow existing asset

base

Deliver on the

South African

transformation agenda

Grow

shareholder

value

sustainably

strategic agenda to focus the organisation


top priorities for FY13

● Recordable case rate target of 0,32

● Zero harm Improve safety performance

● Operations stability, reliability and maintainability

● Cost optimisation Enhance operational performance

● Focused strategy to deliver sustainable growth

● Finalise decisions on key projects Accelerate sustainable growth

● Towards a “one team, One Sasol” approach

● Increase focus on performance management Drive a high performance culture

● Working better together to deliver results Strengthen stakeholder relationships


project pipeline offers significant opportunity

Grow upstream

business

Accelerate GTL,

focused CTL

Grow chemicals based

on technology, market

or feedstock advantage

New Energy

Improve and grow

existing asset base

Feasibility

● Canada shale gas

● Potential acquisition of gas assets

● Coal Bed Methane, Botswana

● Canada GTL

● US GTL

● Integrated US chemicals

● Ethane Cracker

FEED/EPC

● Uzbekistan GTL

● Escravos GTL

● Tetramerisation

● FT wax expansion

● Sasolburg electricity generation

● Secunda growth

● Mine replacement

● Ethylene purification

● Mozambique gas pipeline

● C₃ stabilisation

● Mozambique blocks A, M-10, Sofala, Inhassoro

● Australia

● Durban, South Africa offshore

● Mozambique electricity generation


gas market dynamics support US strategy

growth strategy focused on North

America

● Shale gas boom presents unique

opportunity

● Gas production to increase ~40% by 2030

● Expect ~60% increase in associated

liquids production

● Sasol able to benefit from both

developments

• GTL benefits from increased gas

volumes at discount to equivalent oil

price

• chemicals benefits from availability

of advantaged ethane feedstock

0

20

40

60

80

100

2000 2005 2010 2015 2020 2025 2030

bcf/d

US gas production¹

0

1000

2000

3000

4000

2000 2005 2010 2015 2020 2025 2030

kb

bl/d US natural gas liquid production¹

Ethane Propane Butane Natural Gasoline

1. Lower 48 states of the United States (excluding Alaska and Hawaii)


compelling investment proposition

● ORYX GTL flagship

● Highly cash generative

assets

● Continuously improving

existing businesses

● Proven alternative

energy experience in

South Africa and abroad

Su

sta

ina

ble

va

lue

cre

ati

on

Solid

foundation business

● Growing demand for

energy security and

energy independence

● Ability to monetise

hydrocarbon resources

● Strong project pipeline

including US GTL and

ethane cracker

● Capitalise on low

feedstock prices

Attractive

growth strategy

● Solid balance sheet

underpins growth

● Progressive dividend

policy

● Leading long-term

share price

performance

Leading

shareholder returns



questions

and answers

Documents

financial results for the year ended 30 June 2011...financial results for the year ended 30 June 2012 better together… we deliver 2 forward-looking statements Forward-looking statements: