Vale S.a. · BMFBOVESPA:VALE3
Vale — FY2020 Earnings Presentation
11 slides from Vale's earnings presentation, Feb 26, 2021
Slide 1: Vale's performance in 2020
B3/B4 back-up dam, delivered in 4Q20 Vale’s performance in 2020 Rio 1 de Janeiro, February 26th, 2021
Slide 2: Opening remarks
Opening remarks 2
Slide 3: We entered into the Global Settlement for Integral Reparation
3 We entered into the Global Settlement for Integral Reparation Mediation Fair and swift reparation Legitimacy Clear governance Open dialogue and Legal certainty active listening Known impact R$ 9 billion¹ driven directly to the affected people Indemnification settlements continue Individual damages
Slide 4: Our cultural transformation is underway
4 Our cultural transformation is underway Action fronts Boost culture as a strategy Develop and engage leadership facilitator to lead change Influence and model systems according to expected Integrate existing initiatives so behaviors that change is accelerated Formal assessment Prioritization of ga
Slide 5: We have updated our ESG action plan
5 We have updated our ESG action plan 52 gaps mapped +11 gaps included in 2021 ✓ 37 gaps addressed since 2019 Dam management: ✓ 11 gaps solved in 2020 compliance with ICMM guidelines (GISTM) ESG Gaps by deadline 63 5 1 14 37 6 Gaps solved Completion Completion Completion Deadline for Total by 2020 a
Slide 6: We continue to move forward with production stabilization
6 We continue to move forward with production stabilization Projeto Capanema US$ 8.8 billion 63.9 Mt US$ 445 million Adjusted EBITDA Iron ore sales in China Copper EBITDA Iron Ore Record in 4Q20 Record in a quarter 2nd highest in our history 6
Slide 7: We are de-risking Vale
7 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 7
Slide 8: Iron Ore Business
Iron Ore Business 8
Slide 9: We are progressing on resumption plan
9 We are progressing on resumption plan Northern System Iron ore capacity (Mtpy) Recent achievements Southeastern System Southern System 450 • Serra Leste: resumption of operations, adding 4 Mtpy capacity 400 December • Capanema: project approval with 18 Mtpy 2020 capacity (start-up in 2023) 350 • F
Slide 10: We are progressing on resumption plan: what is next?
10 We are progressing on resumption plan What is next? Northern System Southeastern System Southern System Vargem Grande Fábrica 2Q21 Unlock conveyor belt +6 +4 capacity Shift to wet processing Mtpy Mtpy Vargem Grande 3Q21 Start-up of Maravilhas III +4 Start-up of filtering plant Mtpy Brucutu Serra
Slide 11: 11
11