PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — Q1 2025 Earnings Presentation
26 slides from PT Vale Indonesia Tbk's earnings presentation, May 14, 2025
Slide 1: PT Vale Indonesia Tbk 1Q25 Operational & Financial Performance
Public Information PT Vale Indonesia Tbk Obtaining positive results and new growth driver amid uncertainty Location: Pomalaa mine 1Q25 Operational & Financial Performance May 14th, 2025
Slide 2: Agenda
Agenda // Contents: Part I 1Q25 Key Updates Part II Operational Updates PT Vale Part III Part IV Growth Project Updates Financial Results Obtaining positive results and new growth driver amid uncertainty
Slide 3: 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” or “PT Vale”) that are of a forward- looking nature and are therefore based on management's assumptions about future deve
Slide 4: Part I 1Q25 Key Updates
Part I 1Q25 Key Updates Presented by Abu Ashar
Slide 5: Learning together
Learning together Key Behaviours Ambitions Values • Obsession with safety and Levers A great company recognized by society for being: Our risk management. • Safety • Compassion • Open and transparent • Benchmark in safety. Purpose • VPS • Best in class reliable We exist to improve • Accountability d
Slide 6: 1Q 2025 Key Updates
1Q 2025 Key Updates ➢approximately The Company commercially sold nickel ore, for the first time, 80kt tons of saprolite ore delivered to domestic market. The transaction marking a more diversified revenue stream and positive progress toward the Company’s future prospect. ➢completed On March 26, 2025
Slide 7: The largest nickel resources in Indonesia, located in three different provinces
The largest nickel resources in Indonesia, located in three different provinces, with abundance of potential As of December 31, 2024 As of December 31, 2023 Var (%) Ore Million Million % Million Million % Million Million % Resources Tonnes Tonnes Nickel Tonnes Tonnes Nickel Tonnes Tonnes Nickel (wmt
Slide 8: Board of Commissioners and Board of Directors
Board of Commissioners Rachmat Emily Olson Fabio Ferraz Kristina M. Jasman Edi Permadi Yusuke Niwa Rudiantara Retno Marita Kaimuddin Vice President Commissioner Gauthier Panjaitan Commissioner Commissioner Independent Marsudi Alisjahbana President Commissioner Commissioner Commissioner Commissioner
Slide 9: Environmental stewardship and sustainable practices across operations
As part of our ongoing commitment, we operate in alignment with environmental stewardship and integrate sustainable practices across our operations 1Q 2025 achievements: ASRA (Asia Sustainability Reporting Award) GHG Intensity SO2 intensity Reclamation Bronze award in the category of (tCO2e/ton Ni)
Slide 10: Part II Operational Updates
Part II Operational Updates Presented by Abu Ashar
Slide 11: National K3 Month safety commemoration
We started 2025 with National K3 month commemoration with various activities to improve safety, health, discipline and teamwork across our employees, contractors and communities National K3 Month 2.56 2.39 1.81 1.62 1.50 1.28 1.24 2.25 2.17 0.95 0.80 1.62 0.67 0.64 0.55 0.58 0.61 1.38 0.51 0.48 1.25
Slide 12: Nickel in matte production
We took opportunity to accelerate our maintenance schedule from the Q3 to the Q1 of 2025, allowing us to better align our operations in the upcoming quarters 71,234 Nickel in matte production (t) 17,027 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 13: Part III Growth Project Updates
Part III Growth Project Updates Presented by Muhammad Asril
Slide 14: US$9bn investment in nickel mining and downstream processing
We are advancing a US$9bn investment in nickel mining & downstream processing infrastructure, with a strong commitment to clean energy integration—positioning ourselves for long-term, sustainable growth Mine Development (100% PTVI Own) Downstream HPAL JV Partners Morowali HPAL - GEM Bahodopi Mine St
Slide 15: Mines construction are underway, each showing progress as per schedule
Growth projects Mines construction are underway, each showing progress as per schedule Bahodopi mine Pomalaa mine Sorlim mine ✔ The construction is on going with progress 76.36% and ✔ The construction is ongoing with progress ✔ The construction is ongoing with progress total workforce to date is 2,7
Slide 16: Bahodopi Mine
Bahodopi Mine MRR 112 Overpass Province 92.15% Project Pictures Port Construction 74.09% ROM Stockpile 98.53% Main Office 81.48%
Slide 17: Bahodopi HPAL
Bahodopi HPAL Backfill and Grading on Camp Upgrade Area 17 Temporary Port is Being Utilized During Mobilization Improvement for Camp's Utilities and Capacity « nv Ae Area of BNSI & ATI Camp Improvement Fa Ne Sv Quarry Transportation Fleets
Slide 18: Pomalaa Mine Project Pictures
Pomalaa Mine Project Pictures Mine Entrance 34% Operation Camp 41% Workshop & office Pad 24% MHR 8000 – 11500 21% Stockpile PB5 2.07% Dormitory Inauguration Dormitory 100% 18
Slide 19: Pomalaa HPAL Project Pictures
Pomalaa HPAL Project Pictures FPP Water Tank Foundation FPP area Upper Stucture Const. Autoclave Inspection HPAL area Pilling Works Piling Works in FPP area Road Pavement SAR area HPAL area Batching Plan Port Development Feed Preparation Plan (FPP) and Southern Acces Road (SAR) High Pressure Acid
Slide 20: Sorowako Limonite Project
Sorowako Limonite Project 20
Slide 21: Part IV Financial Results
Part IV Financial Results Presented by Rizky Putra
Slide 22: Remains competitive with positive cash margin despite nickel price pressure
Remains competitive with positive cash margin, despite continued pressure from nickel price In addition to the downtrend of 24,500 input commodity prices, our energy mix initiative has 22,000 contributed to a reduction in the 19,500 UCC of Sales, showing continued improvement over the 17,000 previou
Slide 23: Procurement bulk material sourcing strategy improving efficiencies
We continue to focus on improving efficiencies through implementation of procurement bulk material sourcing strategy where positive result was reflected in this quarter 1Q25 4Q24 1Q24 % QoQ % YoY Volume (barrels) 319,536 336,513 425,301 (5) (25) HSFO Average price per barrel $84.64 $87.07 $85.63 (3)
Slide 24: 1Q25 Key Financial Results
1Q25 Key Financial Results Improved cash cost of sales and profitability with ore sales serving as additional baseline of income Revenue EBITDA Net Profit Cash & Cash Equivalent US$ 207 M US$ 52 M US$ 22 M US$ 601 M Lower 15% vs 4Q24 Lower 5% vs 4Q24 Higher 228% vs 4Q24 Lower 11% vs 4Q24 Lower 10% v
Slide 25: Capex planning review resulted in anticipated cash savings of c. $800mio
Continuous review of capex planning resulted in anticipated cash savings of c. $800mio throughout investment cycle, improve resiliency of business plan amid moderating price environment Improvement in capex from mining development and HPAL project (Pomalaa) Bahodopi – Morowali Pomalaa Sorawako Limon
Slide 26: Contact us
Contact us Investor Relations PT Vale Indonesia Tbk Phone: +62 21 524 9000 Web: www.vale.com/indonesia Email: [email protected]