Sasol Limited (JSE:SOL)

S&P Issuer Credit Rating FC LT:

Diversified Chemicals Employees: 31,112 Incorporated: 1950 in SA
BBB-

Sasol Place Sasol Limited operates as an integrated chemical and energy company in South Africa. The company operates
50 Katherine Street through Mining, Exploration and Production International, Energy, Base Chemicals, and Performance Chemicals
Sandton segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and
Johannesburg, Gauteng 2196 production in Mozambique, South Africa, Australia, Canada, Gabon, and Australia. The company also markets and
South Africa sells gas, electricity, and liquid fuels products; and develops, implements, and manages international gas-to-liquids
Phone: 27 10 344 5000 and coal-to-liquids ventures. In addition, it produces and markets polyethylene, polypropylene, polyvinyl chloride,
www.sasol.com ketones, alcohols, acrylates, caustic soda, hydrochloric acid, phenolics, explosives...

Key Statistics
EPS Estimate (ZAR)
12 Months 12 Months 12 Months 12 Months 12 Months
Jun-30-2017A Jun-30-2018A Jun-30-2019A Jun-30-2020E Jun-30-2021E
Total Revenue 172,407.00 181,461.00 203,576.00 208,683.37 230,170.86
Growth Over Prior Year (0.3%) 5.3% 12.2% 2.5% 10.3%
Gross Profit Margin % 53.5% 52.7% 50.5% 29.6% 33.0%
EBITDA Margin % 29.4% 25.0% 22.3% 25.3% 27.8%
EBIT Margin % 20.0% 16.0% 13.5% 16.0% 18.6% Estimates
Net Income Margin % 11.8% 4.8% 2.1% 8.9% 10.7%
Recommendation Hold(2.75)
Diluted EPS Excl. Extra 33.27 14.18 6.93 28.59 37.66
Target Price 338.69583000
Items EPS Excl. Extra
Diluted 53.6% (57.4%) (51.1%) (6.4%) 31.7%
LT Growth % 5.90%
Items...
Revenue by Business and Geographic Segments (ZAR, mm)
Forward Multiples
FY2020 FY2021
P/E 10.27x 7.80x
TEV/REV 1.51x 1.37x
TEV/EBITDA 5.95x 4.91x
PEG 1.74x 1.32x
P/BV 0.77x 0.72x

Competitors - NTM TEV/Fwd EBITDA

* Segments with negative values, such as corporate eliminations, are excluded from the total and
percentage calculations and do not appear on the charts

Top Holders
Common Stock % of Total Shares Market Value
Holder
Equivalent Held Outstanding (ZAR in mm)
Public Investment Corporation Limited 74,053,615 11.70 21,937.9
The Industrial Development Corporation 53,266,887 8.42 15,780.0
of... Gray Limited
Allan 29,477,081 4.66 8,732.4
The Vanguard Group, Inc. 21,677,779 3.43 6,421.9 Capitalization
PPM America, Inc 18,298,866 2.89 5,420.9 Share Price as of 293.99
Holders as of Tuesday, November 12, 2019 Nov-11-2019
Shares Out. 632.88
Market Capitalization 185,966.31
Market Data Share Price & Volume (ZAR) - Cash & Short Term 15,877.00
Investments
+ Total Debt 138,636.00
Last (Delayed) 293.69 Market Cap (mm) 185,777.6
Open 290.00 Shares Out. (mm) 632.9 + Pref. Equity -
Previous Close 293.69 Float % 89.0% + Total Minority Interest 5,885.00
Change on Day (0.30) Shares Sold - = Total Enterprise Value 314,610.31
Short... Yield % (TEV)
Impl.Shares Out -
Change % on Day (0.1%) Dividend 0.0%
Day High/Low 297/282 Diluted EPS Excl.... 6.93 Impl.Market Cap -
52 wk High/Low 489/233 P/Diluted EPS 42.55x Book Value of Common 219,910.00
Before... Equity
+ Pref. Equity -
Volume (mm) 2.36 Avg 3M Dly Vlm 2.27
Beta 5Y 0.47 (mm) + Total Minority Interest 5,885.00

Key Executives and Board Members

Gantsho, Mandla Independent Chairman of the Board Events
Sizwe... Fleetwood...
Grobler, President, CEO & Executive Director Date/Time Event
Victor, Paul CFO & Executive Director Nov-27-2019 Annual General Meeting
Klingenberg, Bernard... Executive Vice President of Global Operations Feb-24-2020 Earnings Release Date
Brand, Marius Executive Vice President of Technology
Date Created: Nov-12-2019 Copyright © 2019 S&P Global Market Intelligence, a division of S&P Global Inc. All Rights reserved.
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