Pt Vale Indonesia Tbk · IDX:INCO
Pt Vale Indonesia Tbk — FY2025 Earnings Presentation
20 slides from Pt Vale Indonesia Tbk's earnings presentation, Apr 8, 2026
Slide 1: PT Vale Indonesia Tbk 2025 Earnings Call
Public Information IPIP Kolaka Port PT Vale Indonesia Tbk (INCO IJ) Solid 2025 results, reflecting resilience in navigating dynamic market environment, reinforcing foundation for sustainable long-term growth A presentation for 2025 Earnings Call April 8th, 2026
Slide 2: Agenda
Agenda: 1. 2025 Challenges and Our Path Forward & Sustainability Updates 2. Operational Updates 3. Growth Projects Updates 4. Financial Results 5. Strategic Direction for 2026
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: 2025 Challenges and Our Path Forward & Sustainability Updates
Part I 2025 Challenges and Our Path Forward & Sustainability Updates
Slide 5: 2025: Building a Stronger and More Diversified Platform
2025: Building a Stronger and More Diversified Platform PT Vale delivered resilient production, expanded revenue streams, and advanced strategic growth projects Commercial Operational Performance Operational Resilience Growth Execution & Portfolio Strength • Nickel matte production • Managed operati
Slide 6: PT Vale is committed to operating responsibly and sustainably
PT Vale is committed to operating responsibly and sustainably 4Q 2025 achievements In February 2026, PT Vale conduct event Hari Peduli Sampah GHG Intensity Nasional Celebration with (tCO2e/ton Ni) impactfull activities in all site (Sorowako, Pomalaa, Bahodopi) 2025 Goal ALL: 29.76 such as campaign &
Slide 7: The journey to pursue Initiative for Responsible Mining Assurance (IRMA-50)
The journey to pursue Initiative for Responsible Mining Assurance (IRMA-50) We’re here 2023 2024 2025 2026 Sorowako IRMA Readiness Sorowako Self-Assessment Critical requirement Waiting for final report in Assessment. Looking at gap submission to IRMA. Stage improvement. Preparation for April 2026. C
Slide 8: Operational Updates
Part II Operational Updates
Slide 9: Enhancing Safety and Reinforcing Our Commitment
Enhancing Safety and Reinforcing Our Commitment Prevention Week 2025: TRIFR: 0.47 PT Vale Strengthens Safety-First Culture Together, Prevent & Save Lives In 4Q26, the TRIFR slightly increased from 3Q25 of 0.40, however we are intensifying targeted interventions to improve control execution and reduc
Slide 10: Solid operational performance in 2025: nickel in matte and saprolite ore sales
PT Vale delivered a solid operational performance in 2025, with full-year nickel in matte production rising to 72,027 tons and saprolite ore sales reached 2,316,023 wet metric tons Nickel in Matte Production Nickel Saprolite Ore Sales Volume 72,027 2,500,000 2,017,764 17,052 2,000,000 1,500,000 19,3
Slide 11: Growth Projects Updates
Part III Growth Projects Updates
Slide 12: PT Vale's path to new possibilities and a future we can shape together
PT Vale’s path to new possibilities and a future Morowali we can shape together Sorowako Limonite Mine JV – HPAL Annual Prod (WMT): Capacity Annual: 5,500,000 Saprolite 60 ktpa of MHP 10,400,000 Limonite Capex: USD 1.4 Mine JV – HPAL Capex: USD 0.5 Billion Billion Status: Annual Prod (WMT): Capacity
Slide 13: Portfolio strengthened with saprolite ore sales from Pomalaa and Bahodopi
PT Vale strengthened its portfolio this year with nickel saprolite ore sales from Pomalaa and Bahodopi Morowali Project Pomalaa Project SorLim Project ✔ Mine and port construction physical progress has ✔ The mine construction is ongoing with progress ✔ The mine construction is ongoing with progress
Slide 14: Financial Results
Part IV Financial Results
Slide 15: 2025 Key Financial Highlights
2025 Key Financial Highlights Cash cost maintained and stronger profitability, supported by ore sales as an additional revenue stream Revenue EBITDA Net Profit Cash & Equivalent US$ 990 Mn US$ 228 Mn US$ 76 Mn US$ 376 Mn +4% vs 2024 +1% vs 2024 +32% vs 2024 - 44% vs 2024 Sales Volume Unit Cash Cost
Slide 16: Optimizing capital structure, secured external funding for growth projects
Optimizing capital structure, secured external funding to support multi-year growth projects 1,250 1.141 Growth Financials Pipelines 290 Context Actual and and 850 64 780 Projection External 673 126 205 44 27 6 Funding 238 179 102 24 (in USD 141 Mn) 350 165 437 415 10 28 90 2026F 2027F 2028F Sorowak
Slide 17: 2026 Strategic Direction
Part V 2026 Strategic Direction
Slide 18: Strategic Direction 2026: Driving Growth, Discipline, and Profitability
Strategic Direction 2026: Driving Growth, Discipline, and Profitability Positioning PT Vale for sustainable earnings growth and long-term value creation Strengthen Profitability Maintain Financial Discipline Accelerate Downstream o Active cash and capex Scale Production & Revenue Growth o Focused co
Slide 19: Shaping a brighter future through responsible mining
“Shaping a brighter future through responsible mining, where progress and care go hand in hand” Matano Lake, Sorowako
Slide 20: 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