Pt Vale Indonesia Tbk · IDX:INCO
Pt Vale Indonesia Tbk — Q1 2026 Earnings Presentation
17 slides from Pt Vale Indonesia Tbk's earnings presentation, May 8, 2026
Slide 1: PT Vale Indonesia Tbk 1Q26 Earnings Call
Public Information PT Vale Indonesia Tbk (INCO IJ) Achieves Solid 1Q26 Financial Performance While Building Foundations for Future Growth A presentation for 1Q26 Earnings Call - May 8, 2026
Slide 2: Table of content
Table of content: 1. 1Q26 Key Highlights & Financial Update 2. Operational Update 3. Growth Projects Update 4. Industry Update & Outlook
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: 1Q26 Key Highlights & Financial Update
1Q26 Key Highlights & Financial Update Strong 1Q26 Results underscore PT Vale’s Progress Toward Long-Term Growth
Slide 5: Strong Financial Foundation Amid Operational Transition and Growth Expansion
Strong Financial Foundation Amid Operational Transition and Growth Expansion Operational and Production Highlights o Nickel matte production and deliveries totaled each 13,620 and 13,727 metric tons, reflecting adjustments to the Furnace 3 rebuild schedule. o PT Vale remains on track to achieve its
Slide 6: 1Q26 Key Financial Highlights
1Q26 Key Financial Highlights PT Vale delivered strong earnings momentum with EBITDA and net profit rising each by 29% and 85% Q-o-Q Revenue EBITDA Net Profit Cash & Equivalent US$ 253 Mn US$ 80 Mn US$ 44 Mn US$ 220 Mn -11% vs 4Q25 +29% vs 4Q25 +85% vs 4Q25 - 42% vs 4Q25 Sales Volume Unit Cash Cost
Slide 7: Operational Update
Operational Update Growth momentum was supported by the commencement of the third mining operation in Pomalaa
Slide 8: Safety performance: TRIFR 0.12, no fatalities
In 1Q26 PT Vale maintained a solid safety performance, with a TRIFR of 0.12, no fatalities year-to-date and no major process safety events Vale Goes to Campus TRIFR: 0.12 Working at Height Rescue Drill Improved from 0.79 in 1Q25, reflecting stronger prevention and learning Fatalities Zero fatalities
Slide 9: Nickel in matte production and nickel ore sales
PT Vale continues to strengthen the foundation for long-term growth through nickel in matte production and the initial sale of limonite nickel ore from Pomalaa, expanding its commercial portfolio Nickel in Matte Production (in metric tons) Nickel Ore Sales & Production (in wmt) 67,645 3,500,000 3,04
Slide 10: Growth Projects Update
Growth Projects Update The start-up of Pomalaa operation occurred earlier than originally planned
Slide 11: Indonesia Growth Project (IGP) Performance
Indonesia Growth Project (IGP) Performance PT Vale strategic investment program in mining and down streaming processing Mine HPAL - JV Project Value Production Progress Timeline Production Ownership Progress Partner Timeline 100% 5.5 Mio phase 1 FIDa Milestone 27% Construction phase 2 – 15% Sapro 3Q
Slide 12: Three growth projects in our pipeline are making progress
Three growth projects in our pipeline are making progress Morowali Project Pomalaa Project Sorowako Project Inauguration of Nursery Multifunction Building Water gate construction and finishing finger 1st Tanker un-loading Fuel with full safety compliance Ceremony 1st Ore Stockpiles – Capacity 5.9 De
Slide 13: Industry Update & Outlook
Industry Update & Outlook PT Vale producing the “Right” nickel
Slide 14: Nickel Market: rebalancing underway, challenges have solutions
Nickel Market: rebalancing underway, challenges have solutions Key Highlights Trend Ni price support → reduced ore • Prices stabilizing at current levels, with further upside as quotas, sulfur constraints and market rebalances revised ore price benchmarks to • Market less oversupplied and more rebal
Slide 15: Battery Market: Nickel demand evolving, not declining
Battery Market: Nickel demand evolving, not declining Key Highlights Trend Battery chemistry: LFP • NMC remains the chemistry for dominates today highest energy density, always in demand for long-range, premium Not only more Battery Energy Storage System (BESS) emerging fast driven by and heavy appl
Slide 16: Shaping a brighter future through responsible mining
“Shaping a brighter future Matano Lake, Sorowako through responsible mining, where progress and care go hand in hand”
Slide 17: 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