Sashank Lanka's questions to SASOL (SSL) leadership • H2 2025
Question
Sashank Lanka inquired about how current cost savings are tracking against the FY28 guidance, the price recovery assumptions in the International Chemicals EBITDA guidance, and the reason for the projected increase in CapEx from FY27 onwards.
Answer
CFO Walt Bruns noted that cash fixed costs were contained below inflation. EVP of International Chemicals Antje Gerber clarified that the EBITDA guidance assumes lower market prices, with improvements driven by self-help measures. Walt Bruns explained that CapEx increases from FY27 due to the return of the major Secunda phase shutdown, which is on a five-year cycle and absent in FY26.