Vale S.a. · BMFBOVESPA:VALE3
Vale — Q2 2020 Earnings Presentation
13 slides from Vale's earnings presentation, Jul 30, 2020
Slide 1: Vale's Performance in 2Q20
Mass testing in Parauapebas city, in a partnership between Vale and the local government Vale’s Performance in 2Q20 Rio de Janeiro, July 30th, 2020
Slide 2: Forward-looking statements and cautionary note
“This presentation may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct
Slide 3: Opening remarks
Opening remarks
Slide 4: We continue de-risking, and the pandemic has been incorporated into our plan
We continue de-risking, and the pandemic has been incorporated into our plan 4 Our actions prioritize: Image source: Vale Reparation of Brumadinho Safety (people, structures and support to communities) Stability of our business Discipline in capital allocation
Slide 5: Our commitment to safety advances...
Our commitment to safety advances... Non-exhaustive examples. 6 …in operations ▪ World-class standards allow operational continuity during the pandemic ▪ Mass testing in operations ▪ HIRA implemented in 11 sites in 2020 …in de-characterization of structures ▪ Bypass channels completed for Forquilhas
Slide 6: Our safety also includes communities
Our safety also includes communities Non-exhaustive example 7 Support to communities and society in the pandemic 500 million reais in initiatives in Brazil 35 million tests and PPEs to the country and States 3 field hospitals Hospital equipments 400 hospital beds Investments in R&D Cleaning material
Slide 7: Our ESG approach progresses with transparency
OurESG approach progresses withtransparency 8 Creation of the Nomination Committee (supporting the Board of Directors) Appointment of the Chief Compliance Officer Tax Transparency Report 33% reduction in emissions in scopes 1 and 2 up to 2030 Transition to a net zero emission up to 2050 ▪ Alignment
Slide 8: Production stabilization continues, despite challenges
Production stabilization continues, despite challenges 9 We will keep our conservative approach, with strict safety in our operations Timbopeba Resumption of wet processing North Atlantic Continuous results since 4Q19
Slide 9: Discipline in capital allocation
Discipline in capital allocationIoC / DividendsRevolving credit line repaymentOngoing discussionsAccumulated FCFDebt and bond buybackOperational leasesSignificant organic growth prjectsBolt-on acquisitions
Slide 10: Discipline in capital allocation
Discipline in capital allocationIoC / DividendsRevolving credit line repaymentOngoing discussionsAccumulated FCFDebt and bond buybackOperational leasesSignificant organic growth prjectsBolt-on acquisitions
Slide 11: Iron Ore Business
Iron Ore Business
Slide 12: Iron ore production plan on track, despite COVID-19 related restrictions
Iron ore production plan on track, despite COVID-19 related restrictionsChallenges to 400 Mtpy• Southern System: resumption of operations and solve interferences with upstream dams • Southeastern System: assessment downstream dam capacity and bridge to filtering and dry stacking • Northern System: r
Slide 13: Signatures
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: July 30, 2020 Director of Investor Relations