Vale Results Presentation Deck
Vale's Performance in 2022: Finance
EBITDA-to-cash conversion of 41%
Free cash flow - 2022
US$ million
5.534
428
Collection of sales from 1022 with higher prices
• Partially offset by a higher volume of accrual
sales in 2022 (10.0 Mt vs. 4.4 Mt in 1Q22)
556
2022 Proforma Working capital Brumadinho &
EBITDA
1.213
Income Taxes
decharacterization & REFIS
expenses¹
1.293
CAPEX
605
Others²
2.295
Free Cash Flow
from Operations
3,749
Cash
management
& others³
●
Share buyback: US$ 2.6 billion
Tender offer: US$ 1.3 billion
1,454
Decrease in
cash & cash
equivalents
1 Includes US$ 402 million of disbursement of Brumadinho provisioned expenses and US$ 154 million of Brumadinho incurred expenses. 2 Includes shareholders debentures, interest on loans, derivatives, leasing, dividends paid to
noncontrolling interest, and others. 3 Includes US$ 2.596 billion of share buyback, US$ 1.233 billion of debt repurchased, and US$ 80 million from the sale of the coal assets.
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