Vale S.a. · BMFBOVESPA:VALE3
Vale — Q3 2020 Earnings Presentation
12 slides from Vale's earnings presentation, Oct 29, 2020
Slide 1: Vale's Performance in 3Q20
Loading ship at Ponta da Madeira Maritime Port, São Luís, MA, Brazil. Vale’s Performance in 3Q20 Rio 1 de Janeiro, October 29th, 2020
Slide 2: Opening remarks
Opening remarks 2
Slide 3: We are delivering on the Integral Reparation Plan
3 We are delivering on the Integral Reparation Plan US$ 2.6 billion ininreparation individualactions¹ indemnifications² +8,200 people indemnified² in environmental reparation US$ 470 million (e.g. Ground Zero) Brumadinho’s Master Plan Built on extensive listening to communities, submitted to the aut
Slide 4: In tailings management, quickly moving towards full adherence to ICMM standards
4 In tailings management, quickly moving towards full adherence to ICMM standards Our ambition world-class in individual standards indemnifications² and processes Routine ▪ New ICMM standard – minor gaps. Full System Performance implementation expected for 2021 Risk ▪ New TMS ▪ Hazard Identification
Slide 5: We are closing our ESG gaps
5 We are closing our ESG gaps 52 gaps mapped inwith individual actionindemnifications² plans For further information, visit www.vale.com/esg 31 gaps closed since 2019 In 2020, 5 gaps already solved ✓ More disclosure on management compensation ✓ Audit committee ✓ Tax Transparency Report ✓ Creation of
Slide 6: We are performing with record production in the Northern System
6 We are performing with record production in the Northern System… 56.9 Mt Northern System All-time production record 24.4 Mt S11D All-time production record US$ 5.856 billion Record EBITDA in Ferrous Minerals since 4Q13 US$ 6.224 billion Record EBITDA since 1Q14 6
Slide 7: … while increasing production capacity and strengthening our supply chain
7 … while increasing production capacity and strengthening our supply chain Serra Sul 120 Mtpy Project Adding 20 Mtpy to S11D mine-plant capacity ✓ Buffer of productive capacity ✓ US$ 1.5 billion investment Project West III Adding +20 Mtpy to the Shulanghu Port capacity¹ ✓ Through JV ✓ US$ 100-150 m
Slide 8: We are de-risking Vale
8 We are de-risking Vale Keeping a fast pace and quality at Brumadinho’s reparation Becoming one of the safest and most reliable mining companies Resuming production under safe conditions Focusing on discipline in capital allocation 8
Slide 9: Iron Ore Business
Iron Ore Business 9
Slide 10: Operations are progressing on stabilization and resumption
10 Operations are progressing on stabilization and resumption roadmap from Analyst & Investor Tour is on track 2020 production (Mt) 3Q20 • Record in Northern System and S11D • Solid production in Southern and Southeastern Systems 89 60 68 4Q20 • Expect to sustain robust production rates • Risks rela
Slide 11: Vale recovered its operational flexibility, reducing major sales variation looking forward
11 Vale recovered its operational flexibility, reducing major sales variation looking forward 1 BRBF is Vale’s main product 3 Operational inventories needed BRBF sales 2020 2019 ~145Mt of operational inventories 14 Mt drew down 2017 94Mt 9M20 Margin over volume strategy and portfolio optimization of
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