Slide 1: FT Commodities Mining Summit 2021
Vale Zoo and Botanical Park Parauapebas, PA, Brazil FT Commodities Mining Summit 2021 Public content Eduardo Bartolomeo October 7th, 2021 December 2020
Slide 2: Agenda and Disclaimer
Agenda Disclaimer “This presentation may include statements that present Vale's expectations about future events or results .. All statements, when based upon expectations about the future involve various risks and uncertainties .. Vale cannot guarantee that such statements will prove correct .. The
Slide 3: Our strategic pillars remain solid
Our strategic pillars remain solid… 3 New pact with society Base Metals transformation Discipline in capital allocation Safety and operational excellence Maximize flight to quality in Iron Ore Defined in 2019 Gelado Project Employee Maria Aparecida Martins November 2020
Slide 4: As well as our commitments
… as well as our commitments 4 Safety People Reparation Serra Norte Employee Beatriz Dias November 2020
Slide 5: We are walking the talk
We are walking the talk 5 Salobo Mine Employee Alberdan Amorim Photo: Ricardo Teles Re-rating ▪ Benchmark in safety ▪ Best-in-class reliable operator ▪ Talent-driven organization ▪ Leader in low-carbon mining ▪ Reference in creating and sharing value De-risking ▪ Brumadinho ▪ Dam safety ▪ Robust ESG
Slide 6: De-risking: progress in repairing Brumadinho
6 De-risking We have made progress in repairing Brumadinho Individuals with indemnification agreements² New water pipeline system Paraopeba River, MG, Brazil + R$ 37.7 billion in total economic value R$ 9 billion¹ directly to the affected people + Clear governance, legal certainty and known impact J
Slide 7: We are improving our dam safety
7 De-risking We are improving our dam safety Forquilhas back-up dam Ouro Preto, MG, Brazil 1 Same raising method deployed at B1 dam, collapsed in Brumadinho. 2 Includes dams, dikes and waste piles. May 2021 ▪ 6 upstream dams eliminated since 2019 ▪ 24 upstream dams to eliminate ▪ Back-up dams for al
Slide 8: We are leveling up our ESG practices
8 De-risking We are leveling up our ESG practices ESG gaps1 by estimated conclusion date 37 63 11 Gaps closed by dec/2020 Gaps with ongoing works 8 Gaps closed in 1H21 Gaps to be closed in 2H21 7 Total gaps 35% increase3 in Vale’s female workforce Employee Lorena Faria December 2020 ▪ Fitch (investm
Slide 9: We are progressing on our resumption plan
9 De-risking We are progressing on our resumption plan Filtering plant Vargem Grande Complex 318 335 343 370 400 Today Sep/20 End of 2021 Long term End of 2022 400-450 Medium term Production guidance 2021 315-335 Mt April 2021 Iron ore capacity (Mtpy)
Slide 10: We are moving towards a leaner portfolio
Reshaping Reshaping 10 We are moving towards a leaner portfolio Moatize Coal mine Moatize (Tete), Mozambique Fertilizer assets in Brazil Potash projects in Canada Coal assets in Australia Moatize MRN Zhuhai YPM Henan Longyu Energy Resources Manganese ferro-alloy in Minas Gerais, Brazil VNC CSA Ferti
Slide 11: A leader in low-carbon mining
11 Re-rating A leader in low-carbon mining 100% electric locomotive Vitória, ES, Brazil October 2020 Target to reduce 33% of scope 1 and 2 absolute emissions by 2030 Mt CO2 eq. Main technological routes to drive decarbonization 2050 Goal 2017 2030 (BaU¹) 2030 Goal Pelletizing & metallurgy Mining, ra
Slide 12: Robust tools to align our capital allocation
12 Re-rating We are relying on robust tools to align our capital allocation October 2020 1 As of June 2021. Values include assumptions for low maturity technologies, carrying uncertainties. ▪ Increase in low carbon CAPEX: US$ 4-6 billion investment by 2030 for GHG reduction ▪ US$ 50/tCO2e shadow pri
Slide 13: Pioneer scope 3 target
Vale’s own initiatives (15-25% of the challenge) 13 Re-rating Pioneer scope 3 target World's first ore carrier equipped with rotor sails Vitória, ES, Brazil July 2021 586 641 496 2018 2035 (BaU¹) 2035 (target) -15% Absolute scope 3 net emissions Mt CO2 eq. Leveraging steel industry decarbonization i
Slide 14: Iron Ore Briquette to boost steel decarbonization
14 Iron Ore Briquette to boost steel decarbonization Iron ore briquettes September 2021 In-house, exclusive technology Re-rating Blast furnaces: reduction of over 10% in BF-BOF route² Direct reduction furnaces: 80% less vs. pelletizing process³ Decades of experience with agglomerates Technology pate
Slide 15: Protecting and recovering forests in Brazil
Protecting and recovering forests in Brazil 15 Aerial view of Tapirapé- Aquiri National Forest Marabá, Pará, (PA), Brazil 1,000,000 ha protected forests by 2019 +500,000 ha additional area for recovery and protection by 2030 80% in the Amazon 11% complete by Sep 2021 We recognize that nature-based s
Slide 16: Our discipline in capital allocation continues
16 Our discipline in capital allocation continues Moatize Coal mine Moatize (Tete), Mozambique Re-rating Shareholder remuneration Dividends 1H21 US$ 6.1 billion ▪ Brumadinho ▪ Renova Reparation ✓ Integral Reparation Settlement Agreement: US$ 4.021 billion provision¹ ✓ Renova Foundation: US$ 2.491 bi
Slide 17: We are delivering to close the gap
We are delivering to close the gap 17 In 2020, we said we would... Our next steps are... In 2021, we... Set a scope 3 net emissions target reduction (15% by 2035) Run the first Board Election with a Nomination Committee Launch the Integrated Report Double % of our female workforce by 2030 Recover an
Slide 18: Signatures
18 Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Vale S.A. (Registrant) By: /s/ Ivan Fadel Date: October 7, 2021 Head of Investor Relations