PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — Q3 2023 Earnings Presentation
15 slides from PT Vale Indonesia Tbk's earnings presentation, Oct 27, 2023
Slide 1: PT Vale Indonesia Tbk 3Q23 Performance
PT Vale Indonesia Tbk 3Q23 Performance Sustainable Mining Practices to Deliver Nickel for Energy Transition October 27th, 2023 1
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: Leadership in the Field: safety accident reports improved
The quality of accidents reports improved, and the number of accidents decreased following the implementation of CRM and recognition given to employees Leadership in the Field With 44,588 verification and 2.56 LWCFR TRIFR TRIFR target 6,395 finding (14,34%) 2.39 1.81 1.62 1 1.50 recordable injury in
Slide 5: 3Q23 environment indicators were all on track
3Q23 environment indicators were all on the track, improvements are progressing DAS Rehabilitation, outside CoW Greenhouse Gases SO2 intensity Forest (t CO2e) (kg S / kg Ni) (Ha) 2023 PT Vale received 5 awards from ID 2023 Goal: 1,961 max 2023 Goal: 0.80 max 2023 Goal: 260.46 Survey and SUCOFINDO on
Slide 6: On track to achieve 33% GHG emission reduction
We are still on track to achieve 33% GHG emission reduction (scope 1 and 2) Wet Ore Storage (WOS) Electric Boiler 2nd Stage Waste Heat Recovery Improvement (Procurement in progress and (Targeted to accomplish (Commissioning and trial already Commissioning target in 2024) FEL1 study in 2023) done) El
Slide 7: Ni production (t)
Higher production in 3Q23 compared to 2Q23 as a result of maintenance strategy combined with an excellent operational performance Our target is to deliver safe and sustainable production of around 70,000 t in 2023 ~70,000 60,090 16,183 19,100 19,998 19,771 19,313 22,147 20,163 19,078 21,744 19,477 1
Slide 8: Positive earnings of US$52.6 million in 3Q23
In terms of financial performance, the Company recorded a positive earnings of US$52.6 million in 3Q23 3Q23 2Q23 Variance 3Q22 Variance Description Actual Actual Amount % Actual Amount % Shipment – Ni + Co (MT) 17,214 16,463 751 5 17,334 (120) (1) Average LME Ni Price ($/MT) 16,264 18,040 (1,776) (1
Slide 9: Lowered quarterly unit cash cost of revenue
4500 7000 9500 14500 17000 19500 24500 12000 22000 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 maintain healthy margin Average realized price 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 Cash cost of
Slide 10: Coal maintained as primary energy source for the burner
As part of ongoing efficiency initiatives, PT Vale maintained coal as the primary energy source for the burner throughout 3Q23 3Q23 2Q23 9M23 9M22 % QoQ % YoY Volume/unit production (barrels/T) 18.8 21.5 24.37 20.06 (13) 21 HSFO Average price per barrel $85.60 $80.29 $80.52 $89.61 7 (10) Volume/unit
Slide 11: Strong cash position in 3Q23 to support growth projects
Strong cash position in 3Q23 to support growth projects execution $871M In $million 808 822 103 91 103 697 707 659 73 73 73 768 717 719 624 634 586 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 Cash & Cash equivalent Restricted cash
Slide 12: Morowali | Progress Development of Mining & Smelter Project
Morowali | Progress Development of Mining & Smelter Project Groundbreaking, Full Blown Construction Key Dates Feb 10, 23 Revised AMDAL Approval Commencement Vale FID 29 Jul 22 Date Q1 24 Jan 26 Feb 26 Mar 26 Nov 23 Gas Power Mechanical Early works, EPC Selection, Prem. Design Available Available Com
Slide 13: Pomalaa | Progress Development of Mining & HPAL Project
Pomalaa | Progress Development of Mining & HPAL Project Key Dates Vale FID (Mine) Oct 23 PTVI Mine Construction PTVI Mine Call Option Period 100% Complete Subject to DD FEL 3 Pre stripping Jun 23 Jan 24 Jun 25 Dec 25 Mar 26 Dec 26 2027 2031 PTVI Early works, EPC Selection, DED HPAL Full Blown Constr
Slide 14: Sorowako | Progress Development of Mining & HPAL Project
Sorowako | Progress Development of Mining & HPAL Project Key Dates HPAL Mechanical Mine start up Completion Jan 23 Dec 23 Q1 2026 2027 Q3 2024 Mine FEL 3 Mine Early Works Sorlim Mining Construction Sorowako HPAL (60,000 t/year) COMMERCIAL / HPAL • Definitive Cooperation Agreement (DCA) has been sign
Slide 15: Contact us
Contact us Investor Relations PT Vale Indonesia Tbk Phone: +62 21 524 9000 Web: www.vale.com/indonesia Email: [email protected]