PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — Q1 2024 Earnings Presentation
13 slides from PT Vale Indonesia Tbk's earnings presentation, Jul 1, 2024
Slide 1: PT Vale Indonesia Tbk 1Q24 Performance
Public I nf or mat ion PT Vale Indonesia Tbk 1Q24 Performance July 1, 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 Key Behaviours Ambitions Values • Obsession with safety and Levers A great company recognized by society for being: Our risk management. • Safety • Life matters most. • Benchmark in safety. • Open and Transparent • VPS Purpose • Act with integrity. dialogue. • Best in class reliabl
Slide 4: Mining Safety Management System audit completed in 1Q24 with improved compliance
We completed Mining Safety Management System audit in 1Q24 with improved compliance SMKP Internal Audit 2.56 Increase the compliance from 2.39 70.24% (2022) to 73.56% (2023) 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 0.81 0.98 0.79 Nasional K3 Mont
Slide 5: Our rehabilitation program goes beyond the mining concession area
Our rehabilitation program goes beyond the mining concession area Nursery and Biodiversity Park 31.28 ha area reclaimed Rehabilitation (Inside and outside concession) 693 Ha 104 Ha Maintain of land area in Planting of land area in South Sulawesi West Java In addition to mine rehabilitation, we conti
Slide 6: Our reserves as of December 2023 increased
Our reserves as of December 2023 increased 1 2 3
Slide 7: Higher nickel in matte production in 1Q24 versus same quarter last year
As part of our maintenance strategy, we managed to produce higher nickel in matte in 1Q24 compared to the same quarter last year Our target is to deliver safe and sustainable production throughout the year 70,728 The Company 19,084 recorded production of 18,199 metric tons of nickel in 17,953 matte
Slide 8: Despite low nickel price environment in 1Q24, the Company managed a positive margin
Despite low nickel price environment in 1Q24, the Company managed a positive margin 1Q24 4Q23 Variance 1Q23 Variance Description Actual Actual Amount % Actual Amount % Shipment – Ni + Co (MT) 18,175 20,673 (2,498) (12) 16,758 1,417 8 Average LME Ni Price ($/MT) 12,651 14,239 (1,588) (11) 21,672 (9,0
Slide 9: Despite the volatility of nickel prices, our margin remains positive
Despite the volatility nature of nickel prices, our margin remains positive 24,500 22,000 19,500 We achieve this by meticulously managing 17,000 our cost of revenue, which 14,500 is primarily influenced by major commodity prices 12,000 12,720 and maintenance costs. 9,500 9,371 7,000 4,500 Average re
Slide 10: Our production cost decreased in 1Q24 compared to the same quarter last year
Our production cost decreased in 1Q24 compared to the same quarter last year attributed to lower energy cost and various productivity improvement initiatives 1Q24 4Q23 1Q23 % QoQ % YoY Volume/unit production 23.4 20.8 33.2 13 (30) (barrels/T) HSFO Average price per barrel $85.63 $90.93 $77.59 (6) 10
Slide 11: We continue prudent controls of spending to preserve cash for growth projects
We continue to exercise prudent controls of our spending to preserve cash to support our growth projects 871 In $million 808 822 103 803 807 91 103 104 76 697 707 659 73 73 73 768 731 717 719 699 624 634 586 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 Cash & Cash
Slide 12: Three growth projects in our pipeline are making progress
Three growth projects in our pipeline are making progress Morowali Project Pomalaa Project Sorowako Project ✔ The construction of essential infrastructure components ✔ Early work of construction, including access ✔ FEL for Sorowako Limonite project is such as onshore port, offshore port, main haul r
Slide 13: Contact us
Contact us Investor Relations PT Vale Indonesia Tbk Phone: +62 21 524 9000 Web: www.vale.com/indonesia Email: [email protected]