PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — FY2023 Earnings Presentation
16 slides from PT Vale Indonesia Tbk's earnings presentation, Mar 1, 2024
Slide 1: PT Vale Indonesia Tbk 2023 Performance
Public Inf ormat ion PT Vale Indonesia Tbk 2023 Performance March 1st, 2024
Slide 2: Cautionary Note & Disclaimer
Cautionary Note & Disclaimer Cautionary Note on Forward-looking Statements This presentation may contain statements regarding the business of PT Vale Indonesia Tbk (the “Company”) that are of a forward-looking nature and are therefore based on management's assumptions about future developments. Such
Slide 3: Learning together
Learning together Values Key Behaviours Levers Ambitions • Life matters most. • Obsession with safety and risk • Safety A great company recognized by management. society for being: Our • Act with integrity. • Open and Transparent dialogue. • VPS • Benchmark in safety. Purpose • Value the people who
Slide 4: MIND ID, VCL & SMM signed a share sale and purchase agreement
MIND ID, VCL & SMM signed a share sale and purchase agreement in the context of the Divestment of PT Vale Indonesia Tbk On February 26th, 2024, MIND ID together with VCL and SMM have agreed to acquire PT Vale shares by MIND ID, amounting to 14% (fourteen percent) of the total share ownership of PT V
Slide 5: We focus on improving the quality of accident investigations
We focus on improving the quality of accident investigations to obtain root causes and appropriate corrective actions to prevent recurrence accidents Leadership in the Field With 55,808 verification and 2.56 LWCFR TRIFR TRIFR target 8,924 finding (15,99%) 2.39 1.81 1.62 1 1.50 recordable injury in 1
Slide 6: For environment, we maintained the Green PROPER for the fourth time
For environment, we were able to maintain the Green PROPER for the fourth time in 2023, which is a significant achievement for us Greenhouse Gases Forest SO2 intensity PROPER (kt CO2e) (Ha) (kg SO2 / kg Ni) 2023 Goal: 1,961 max 2023 Goal: 260.46 2023 Goal: 0.80 max 2023 Goal: Green PROPER 2023 2023
Slide 7: Ni production exceeded 2023 target, up 18% on 2022
We managed to exceed our target for 2023, resulting an 18% increase in production volume compared to 2022 Our target is to deliver safe and sustainable production throughout the year 70,728 The production in 4Q23 was 19,084 t, 60,090 19,084 the highest since 4Q21. This increase was due 16,183 19,100
Slide 8: 2023 was a remarkable year with EBITDA of US$499.6 million
2023 was a remarkable year for PT Vale as we recorded a strong EBITDA of US$499.6 million and lower our production costs by 12% 4Q23 3Q23 Variance 2023 2022 Variance Description Actual Actual Amount % Actual Actual Amount % Shipment – Ni + Co (MT) 20,673 17,214 3,459 20 71,108 60,960 10,148 17 Avera
Slide 9: Production costs maintained below US$10,000/t despite lower realized price
Despite lower average realized price in 4Q23, the Company managed to maintain production costs below US$10,000/t providing us to have healthy margin Average realized price Cash cost of revenue / unit sales 24500 22000 19500 17000 14500 14,239 12000 9500 9,218 7000 4500 2Q12 4Q13 3Q15 1Q17 4Q18 2Q20
Slide 10: Production cost decreased in 2023 on lower energy cost and productivity
Our production cost decreased in 2023 compared to the previous year attributed to lower energy cost and various productivity improvement initiatives 4Q23 3Q23 2023 2022 % QoQ % YoY Volume/unit production 20.8 18.8 23.4 24.4 11 (4) (barrels/T) HSFO Average price per barrel $90.93 $85.60 $83.01 $85.72
Slide 11: Strong cash balance supports growth projects
Our strong cash balance in 2023 will allow us to continue to make good progress on our growth projects 871 In $million 808 822 103 803 91 103 697 707 104 659 73 73 73 768 717 719 699 624 634 586 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 Cash & Cash equivalent Restricted c
Slide 12: Bahodopi Mine
Bahodopi Mine New AMDAL and port terminal license has been obtained. We are now resuming the construction schedule started the offshore jetty construction. The fully implemented Traffic Management Plan (TMP) is expected to be completed by the end of 1Q 2024. Safety & Social Update Pictures Safety •
Slide 13: Sambalagi RKEF
Sambalagi RKEF The SAFE registration and Overseas Direct Investment (ODI) approval for TISCO and Xinhai to invest in the Morowali Project have been completed. To date, PT Vale has injected around US$50 million to buy land for the project and supporting site preparation works. Project Pictures Overal
Slide 14: Pomalaa Mine & HPAL
Pomalaa Mine & HPAL After FID approved, we are now focusing on procurement process 3 major contracts (PCM, P&C, and EPC) to support construction phase. In parallel, early work of construction, including access road development, quarry supplies, project office and accommodation are progressing. Early
Slide 15: Sorowako Mine & HPAL
Sorowako Mine & HPAL We are completing the feasibility study for the Sorowako Limonite Mine. Additionally, a definitive cooperation agreement with Huayou has been signed for the construction of HPAL facility in East Luwu. Quantitative Risk Analysis Maturity Assessment (1) Decision Review Board MA Gr
Slide 16: Contact us
Contact us Investor Relations PT Vale Indonesia Tbk Phone: +62 21 524 9000 Web: www.vale.com/indonesia Email: [email protected]