PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — Q2 2023 Earnings Presentation
15 slides from PT Vale Indonesia Tbk's earnings presentation, Jul 31, 2023
Slide 1: PT Vale Indonesia Tbk 2Q23 Performance
PT Vale Indonesia Tbk 2Q23 Performance July 31st, 2023 Public Information
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: We continue implementing safe behavior in all our operational activities
We continue implementing safe behavior in all our operational activities, including through contractor safety management to drive safe working environment and implementation of Leadership in the Field at night shift during shutdown activity Leadership in the Field With 30,419 verification and 2.56 L
Slide 5: 2Q23 environment indicators were all on the track, improvements are progressing
2Q23 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 2023 Goal: 1,885 max 2023 Goal: 0.80 max 2023 Goal: 260.46 2023 2023 2023 Plan Q2 973.59 Plan Q2 0.80 Plan Q2 104.00
Slide 6: We are progressing to achieve 33% GHG emission reduction (scope 1 and 2)
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) Elect
Slide 7: Ni production (t)
Production for the quarter rose to 16,922 t, an increase of 35% from the same period last year Our target is to deliver safe and sustainable production of around 70,000 t in 2023 ~70,000 60,090 As the productivity of 16,183 our operation improved 19,100 19,998 19,771 19,313 22,147 21,744 20,163 in 2
Slide 8: We booked higher shipment of 22% on a year-on-year basis
We booked higher shipment of 22% on a year-on-year basis 2Q23 1Q23 Variance 2Q22 Variance Description Actual Actual Amount % Actual Amount % Shipment – Ni + Co (MT) 16,463 16,758 (295) (2) 13,527 2,936 22 Average LME Ni Price ($/MT) 18,040 21,782 (3,742) (17) 31,122 (13,082) (42) Revenue ($ 000) 295
Slide 9: In 2Q23, we lowered its quarterly unit cash cost of revenue
In 2Q23, we lowered its quarterly unit cash cost of revenue, surpassing the level reached last quarter Average realized price Cash cost of revenue / unit sales 24500 22000 19500 17,967 17000 14500 12000 9500 10,297 7000 4500 1Q16 3Q16 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14
Slide 10: Prompted by the decline in coal price, coal is used as energy source for burner in Dryer
Prompted by the decline in coal price, starting April 2023, coal is used as the energy source for burner in Dryer 2Q23 1Q23 1H23 1H22 % QoQ % YoY Volume/unit production (barrels/T) 21.5 33.2 27.3 16.9 (35) 62 HSFO Average price per barrel $80.29 $77.44 $78.66 $80.63 4 (2) Volume/unit production (lit
Slide 11: Strong cash position in 2Q23
Strong cash position in 2Q23. Growth projects spending is expected to start increasing toward end of the year as we progress with the projects In $million 808 $822M 91 103 697 707 659 73 73 73 717 719 624 634 586 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 Cash & Cash equivalent Restricted cas
Slide 12: Morowali | Progress Development of Mining & Smelter Project
Morowali | Progress Development of Mining & Smelter Project Key Dates Groundbreaking, Full Brown Construction Feb 10, 23 Commencement Capital Injection Vale FID 29 Jul 22 Date Jul 23 Aug 23 Jan 26 Feb 26 Mar 26 Jun 26 Jun 27 Early works, EPC Selection, Prem. Design Gas Power Mechanical Mechanical CO
Slide 13: Pomalaa | Progress Development of Mining & HPAL Project
Pomalaa | Progress Development of Mining & HPAL Project Key Dates PTVI Mine Call Option Period PTVI Construction Subject to DD 100% Complete 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 Brown Construction Mine Development Poma
Slide 14: Sorowako | Progress Development of Mining & HPAL Project
Sorowako | Progress Development of Mining & HPAL Project COMMERCIAL HPAL ENGINEERING AND CONSTRUCTION • PTVI and Huayou has signed MOU on 30 August 2021, continued with • Site inspection on HPAL area in infrastructure completed Head of Agreement on 13 September 2022 • Engineering works are ongoing •
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