Vale Investor Day Presentation Deck

68 5 Discipline in capital allocation We are focused on delivering superior value to our shareholders De-risking ▪ Brumadinho ▪ Dam safety ▪ Robust ESG practices ▪ Production resumption Reshaping M ▪ Focus on core business ▪ Elimination of cash drains ▪ Accretive growth opportunities ▪ Cost efficiency New Sound cash flow generation Discipline in capital allocation Re-rating میرا ▪ Benchmark in safety Best-in-class reliable operator ▪ Talent-driven organization ▪ Leader in low-carbon mining ▪ Reference in creating and sharing value VALE

View entire presentation