Pt Vale Indonesia Tbk · IDX:INCO
Pt Vale Indonesia Tbk — Q2 2025 Earnings Presentation
25 slides from Pt Vale Indonesia Tbk's earnings presentation, Aug 6, 2025
Slide 1: PT Vale Indonesia Tbk 2Q25 Operational & Financial Performance
Public Information Location: Bahodopi Port PT Vale Indonesia Tbk Anticipating stronger baseline as growth catalysts secured 2Q25 Operational & Financial Performance August 6th, 2025
Slide 2: Agenda
Agenda // Contents: Part I 2Q25 Key Updates Part II Operational Updates Part III Growth Project Updates Part IV Financial Results
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 2Q25 Key Updates and Introduction of the Newly Appointed Board
Part I 2Q25 Key Updates and Introduction of the Newly Appointed Board of Directors Members Presented by Bernardus Irmanto
Slide 5: Learning together
Learning together Key Behaviours Ambitions Values • Always Go Above and Beyond Levers A great company recognized by society for being: Our • Compassion • Drive for Success Together • Safety • Benchmark in safety. Purpose • VPS • Best in class reliable • Take Charge and Own it We exist to improve • A
Slide 6: 2Q 2025 Key Updates
2Q 2025 Key Updates o Production volume increased in 2Q25 compared to the previous quarter, reflecting the Company’s steady and reliable operational execution. o Stronger baseline starting second half of 2025. PTVI reached new terms for the nickel matte pricing and obtained approval for the RKAB rev
Slide 7: Board of Commissioners and Board of Directors
Board of Commissioners FS. Multhazar Emily Olson Chris McCleave Kristina M. Jasman Kathrine Angela Shiro Imai Rudiantara Retno Marita President Vice President Commissioner Gauthier Panjaitan Oendoen Commissioner Independent Marsudi Alisjahbana Commissioner Commissioner Commissioner Commissioner Com
Slide 8: Mindful of environmental impact and sustainable practices
PT Vale continue to be mindful of the environmental impact and thoughtfully weave sustainable practices into everything we do 2Q 2025 achievements: AREA AWARD GHG Intensity SO2 intensity Reclamation (tCO2e/ton Ni) (kg S / kg Ni) (Ha) 2Q 2025 Goal ALL: 29.76 2Q 2025 Goal SOR: 30.61 2Q 2025 Goal: 0.80
Slide 9: Part II Operational Updates
Part II Operational Updates Presented by Abu Ashar
Slide 10: DAM safety emergency response training and simulations
We conduct DAM safety emergency response training and simulations with the government and community as a form of commitment to managing risks to the affected environment DAM Emergency Drill 2.56 by Operational Crisis Team 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 0.6
Slide 11: Nickel in matte production
Production volume increased in 2Q25 compared to the previous quarter, reflecting the Company’s steady and reliable operational execution 71,234 Nickel in matte production (t) 18,557 17,027 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 11
Slide 12: Part III Growth Project Updates
Part III Growth Project Updates Presented by Muhammad Asril
Slide 13: US$9 billion investment in nickel mining and downstream infrastructure
The US$9 billion investment in nickel mining and downstream infrastructures are progressing, laying the groundwork for sustainable and new baseline of future Mine Development (100% PTVI Own) Downstream HPAL JV Partners Morowali HPAL - GEM Bahodopi Mine Total Capex: USD 0.5 Billion Structure: 30% PTV
Slide 14: Advancing construction progress with 1st ore shipment from Bahodopi
Growth projects Advancing construction progress with 1st ore shipment from Bahodopi commences Morowali Project Pomalaa Project Sorowako Limonite Project ✔ Mine construction is 84.3% complete with total ✔ Mine construction is 27.8% complete with ✔ Mine construction is 21.2% complete and total workfor
Slide 15: Project Pictures: Bahodopi Mine
Bahodopi Mine Project Pictures Nursery Hydroseeding at MHR Port Stockpile MHR 112, 91.30% Load Test Overpass OPJ Sediment Pond 9, 88.5% 15
Slide 16: Bahodopi HPAL
Bahodopi HPAL Reclamation for new port facility 16 Earthwork preparation in HPAL area ea Finishing works in sport facility = bese = = 2 PTVI-GEM together planting tree in Sambalagi
Slide 17: Pomalaa Mine
Pomalaa Mine Quarry 3 : 2% Mine Entrance: 94.30% Operation Camp : 92.12% Camp PAMA : 55% 6 Workshop & Office : 69.51%
Slide 18: Pomalaa HPAL
Pomalaa HPAL FPP Slurry Storage Tank Southern Access Road IPIP Jetty HPAL — Piling Acid Plant & MHP Precipitation 18
Slide 19: Project Pictures: Sorowako Limonite Project
Sorowako Limonite Project Project Pictures Enggano Camp Building, 99.8% MRAL Lab Building, 96.4% Limonite Stockpile Laila, 100% Limonite Stockpile Diana 2, 37.3% Limonite Stockpile Nickel Hill, 71.5% Limonite Stockpile Hasan Koro 3, 81.1% *PTVI Internal property not to share 19
Slide 20: Part IV Financial Results
Part IV Financial Results Presented by Rizky Andhika Putra
Slide 21: 1H25 Key Financial Results
1H25 Key Financial Results Improved cash cost of sales and profitability with ore sales serving as additional baseline of income Revenue EBITDA Net Profit Cash & Equivalent US$ 427 Mn US$ 92 Mn US$ 25 Mn US$ 507 Mn - 11% vs 1H24 - 26% vs 1H24 - 32% vs 1H24 - 39% vs 1H24 Unit Cash Cost of Sales Produ
Slide 22: 1st Half 2025 Recap & Strategy for the Year Ahead
1st Half 2025 Recap & Strategy to Navigate the Year Ahead 71,234 19,500 Our 2025 strategy: Nickel in matte production (t) 19,000 ▪ Initiated negotiations for improved 18,500 nickel matte payable terms. 18,000 ▪ Leverage the completion of major 17,500 maintenance in 1H to ensure stable 17,000 and opt
Slide 23: Second Half Revenue Uplift
Second Half Revenue Uplift Nickel Matte Saprolite Ore (USD Mn) (USD Mn) 452 +4% new nickel matte terms Market premium impact @FOB 117 422 430 61 5 1H/25 2H/25 1H/25 2H/25 Actual Fcast Actual Fcast Through: ❑Drive Margin Recovery: Secure better nickel matte payable terms to improve revenue and streng
Slide 24: Cash outlook: prudent cash management for capex expansion
Cash outlook l Prudent cash management to cope with the capex expansion. Strong credential as underlying to obtain standby funding facility 1H/2025 Actual July to Dec 2025 Forecast 2026-2027 Investing Standby Funding 907 35 675 92 Bahodopi mine Facility 53 36 Pomalaa mine 750 226 183 Sustaining 111
Slide 25: Contact us
Contact us Investor Relations PT Vale Indonesia Tbk Phone: +62 21 524 9000 Web: www.vale.com/indonesia Email: [email protected]