PT Vale Indonesia Tbk · IDX:INCO
PT Vale Indonesia Tbk — Q2 2024 Earnings Presentation
12 slides from PT Vale Indonesia Tbk's earnings presentation, Jul 31, 2024
Slide 1: PT Vale Indonesia Tbk 2Q24 Performance
P u b l i c I n f or m at ion PT Vale Indonesia Tbk 2Q24 Performance July 31st, 2024
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: purpose, values and ambitions
Learning together Key Behaviours Ambitions Values • Obsession with safety and Levers A great company recognized by society for being: Our risk management. • Safety • Life matters most. • Benchmark in safety. • Open and Transparent • VPS Purpose • Act with integrity. dialogue. • Best in class reliabl
Slide 4: No lost time injury and no recordable injury in 2Q24
We managed to maintain no lost time injury and no recordable injury caused by an accident in 2Q24 Binwaster ESDM 2024 2.56 Some advice for improvement was recorded in the Mine Book 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 0.61 1.38 0.51 0.48 1.25 0.81 0.98 Night Shi
Slide 5: ESG rating and SRI-KEHATI Index inclusion
Our ESG rating by Sustainalytics has decreased to 30.5, and we have managed the inclusion of the Company in the SRI-KEHATI Index INDICATOR METRIC TARGET ACTUAL Total area reclaimed (YTD) GHG Intensity Ton CO2e/Ton Ni ≤ 28.73 28.60 Mined out: 86.14 ha of 265 ha* ≤ 1.05 Watershed: 3,329 ha of 6,540 ha
Slide 6: Nickel production 1H24 higher than 1H23
1H24 production was 3% higher than production in 1H23 due to improvement in furnace productivity and shorter maintenance duration Digger overall effectiveness (%) 70.7kt 70.8kt 71.0kt 72.2kt 2.00 1.70 1.74 1.68 1.68 1.70 1.78 1.80 65.4kt 65.0 1.60 1.40 60.1kt 19,084 1.20 3.4 60.5 1.00 2.5 2.6 0.80 0
Slide 7: Positive EBITDA of US$72.44 million in 2Q24
The Company generate a positive EBITDA of US$72.44 million in 2Q24 2Q24 1Q24 Variance 2Q23* Variance Description Actual Actual Amount % Actual Amount % Shipment – Ni + Co (MT) 17,505 18,175 (670) (4) 16,463 1,042 6 Average realized Ni price 14,214 12,651 1,563 12 17,967 (3,753) (21) ($/MT) Revenue (
Slide 8: Margin remains positive despite nickel price volatility
Despite the volatility nature of nickel prices, our margin remains positive 24,500 22,000 We achieve this by 19,500 meticulously managing our cost of revenue, which is 17,000 primarily influenced by 14,214 major commodity prices 14,500 and maintenance costs. 12,000 9,500 9,590 7,000 4,500 Average re
Slide 9: Energy strategy to enhance efficiency and reduce cost
The Company continued to implement an energy strategy to enhance the consumption efficiency and reduce cost 2Q24 1Q24 1H24 1H23 % QoQ % YoY Volume/unit production 21.3 23.4 22.4 27.3 (9) (18) (barrels/T) HSFO Average price per barrel $87.31 $85.63 $86.39 $78.66 2 10 Volume/unit production 1,049.3 1,
Slide 10: Prudent spending controls to preserve cash for growth projects
We continue to exercise prudent controls of our spending to preserve cash to support our growth projects 871 908 822 76 In $million 808 103 803 807 91 103 76 697 707 104 659 73 73 73 832 768 731 717 719 699 624 634 586 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 3
Slide 11: Three growth projects in our pipeline are making progress
Three growth projects in our pipeline are making progress Morowali Project Pomalaa Project Sorowako Project ✔ The construction of essential infrastructure components ✔ Early works were progressing while the major ✔ FID for mine project was approved, the in such as onshore port, offshore port, main h
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