Vale (VALE3) Corporate presentation summary

Company overview and global presence

• Among the top global producers of iron ore, nickel, and copper, with #1 position in iron ore and significant market share in pellets and nickel.

• 2025 production: 336Mt iron ore, 31Mt pellets, 382kt copper, 177kt nickel; net operating revenue of $38.4bn and proforma EBITDA of $15.9bn.

• Operations span 18 countries, with a diversified shareholder base and strong governance, including a majority independent board.

• Workforce of 66,000 direct employees and 100% renewable electricity consumption in Brazil.

Iron ore solutions and operational performance

• Operates three integrated iron ore systems in Brazil, with extensive logistics and 11 pelletizing plants globally.

• 2025 iron ore production: 336Mt, pellet production: 31Mt, with 273Mt iron ore fines and 33Mt pellets sold.

• Focus on premium mid-grade and high-grade products, portfolio flexibility, and supply chain expansion to serve growing markets.

• C1 cash cost at $21.3/t and all-in costs at $54.2/t for iron ore; realized prices: $91.6/t for fines, $134/t for pellets.

Vale Base Metals: strategy and growth

• Significant copper and nickel assets in Brazil, Canada, and Indonesia, with 2025 production of 382kt copper and 177kt nickel.

• Proforma EBITDA of $3.4bn, with copper and nickel sales focused on Europe, China, and the USA.

• Growth pipeline includes Bacaba, Salobo CPF, Alemão, and Glencore JV, targeting ~700kt copper by 2035.

• Focus on low-risk, high-return projects, cost efficiency, and vertically integrated operations.