PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — Q1 2023 Earnings Presentation
15 slides from PT Vale Indonesia Tbk's earnings presentation, Apr 27, 2023
Slide 1: PT Vale Indonesia Tbk 1Q23 Performance
Public Information PT Vale Indonesia Tbk 1Q23 Performance April 27, 2023
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 and contractor safety management continue
We continue the implementation of Leadership in the field and contractor safety management to drive safe working environment and safe behavior in all of our operational activity Leadership in the Field With 46,931 verification and 2.56 LWCFR TRIFR TRIFR target 2,464 finding (5,2%) 2.39 1.81 2.25 2.1
Slide 5: 1Q23 environment indicators were all on track
1Q23 environment Indicators were all on the track, improvements are progressing DAS Rehabilitation, outside CoW Greenhouse Gases SO2 intensity Forest (t CO2e/t Ni prod.) (kg S / kg Ni) (Ha) 2023 2023 Goal: 1.985 max (cumulative) 2023 Goal: 0.80 max 2023 Goal: 39.00 2023 2023 2023 Q1 Progress Act Q1
Slide 6: President Jokowi's testimony about our environmental practices
President Jokowi’s testimony about our environmental practices during his recent visit to Sorowako is very encouraging Taman Kehati Sawerigading Wallacea Its a conservation area for various type of local and endemic plants, integrated with a Mining Park, butterfly conservation area, Timor deer breed
Slide 7: Ni production after furnace rebuild above plan
Furnace 4 performance after rebuild was above plan, driving higher production compared to previous quarter Our target is to deliver safe and sustainable production of around 70,000 t in 2023 ~70,000 60,090 The furnaces, including Furnace 4 16,183 performed better in 19,100 19,313 19,600 19,078 19,99
Slide 8: Progressing to achieve 33% GHG emission reduction
We are progressing 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) LNG B
Slide 9: Net Profit of US$98.1 million, 207% higher than previous quarter
We booked strong Net Profit of US$98.1 million, or 207% higher compared to the previous quarter 1Q23 4Q22 Variance 1Q22 Variance Description Actual Actual Amount % Actual Amount % Shipment – Ni + Co (MT) 16,758 16,613 145 1 13,486 3,272 24 Average LME Ni Price ($/MT) 21,782 23,589 (1,807) (8) 22,183
Slide 10: Margin is wider as nickel price favorable and cost decreasing
4500 7000 9500 14500 17000 19500 24500 12000 22000 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 cost was decreasing 2Q14 3Q14 4Q14 1Q15 2Q15 Average realized price 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Cash cost of revenue / uni
Slide 11: Lower commodity prices, HSFO and coal, in 1Q23
Lower commodity price, particularly HSFO and coal prices in 1Q23 compared to 4Q22. HSFO was still main energy sources, providing $6.8 million cost avoidance in the quarter 1Q23 4Q22 1Q22 % QoQ % YoY Q1 Energy cost($ mio) Coal Vs MFO Volume/unit production 33.2 36.3 16.0 (8.5) 108 -6.8 (barrels/T) (-
Slide 12: Ended 1Q23 with strong cash position
We ended 1Q23 with strong cash position. Growth projects spending is expected to start increasing toward end of the year as we progress with the projects $808M In $million 707 91 697 659 73 73 591 73 73 717 624 634 586 518 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 Cash & Cash equivalent Rest
Slide 13: Morowali | Progress Development of Mining & Smelter Project
Morowali | Progress Development of Mining & Smelter Project Key Dates Groundbreaking, Target Equity Construction Feb 10, 23 Injection End of May 23 FID in Jul 22 Jul 23 Oct 25 Nov 25 Dec 25 Early works, EPC Selection, Prem. Design Gas Power Mechanical Available Available Completion Mine Before After
Slide 14: Pomalaa | Progress Development of Mining & Smelter Project
Pomalaa | Progress Development of Mining & Smelter Project COMMERCIAL MINE DEVELOPMENT • On Feb 27th, PTVI and KNI executed Shares Subscription Agreement and • Pilot pit has opened ; bulk sampling ongoing JVA with Huaqi (Singapore) Pte. Ltd, Huayou’s indirectly fully owned subsidiary (‘Huaqi”). • On
Slide 15: Contact us
Contact us Investor Relations PT Vale Indonesia Tbk Phone: +62 21 524 9000 Web: www.vale.com/indonesia Email: ptvi.investorrelation@vale.com