Vale Results Presentation Deck

Vale's Performance in 2022: Finance EBITDA was impacted by lower prices, partially offset by higher volumes EBITDA-2022 vs. 1022 US$ million 6.374 EBITDA proforma 1022 1.376 Volume 1.805 Price¹ 110 FX 175 Bunker & Spot price 126 Other² ¹ Includes the impact of third-party purchase, royalties, distribution center, and leasing. 2 Includes costs and expenses, the impact of trading operations, the impact of by-products, and others. • US$ 89 million of fixed costs, of which US$ 47 million related to maintenance in Base Metals 5.534 EBITDA proforma 2022 VALE

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