Vale Investor Day Presentation Deck

The equity story for Vale Our agenda De-risking 2025: Fully repair Brumadinho 2025: All structures at satisfactory conditions Medium term: Resume 400 Mtpy production capacity 2029: Decharacterize all upstream. structures 2030: Close ESG gaps. Reshaping 2022: Address non-core assets 2022: Fix our cash flow drains Medium term: Progress on iron ore C1 stabilization Medium term: Seek growth opportunities in Nickel and Copper businesses Sound cash flow generation Discipline in capital allocation Re-rating میرا 2023: VPS fully implemented 2025: Fully compliance with GISTM 2035: Reduce net scope 3 emissions by 15% Medium term: Unlock Base Metals' value 2050: Be carbon neutral

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