Vale Investor Day Presentation Deck

73 5 Discipline in capital allocation | Reshaping Focusing on cost efficiency with an US$ 1 billion reduction program... Next 12 months: ~US$ 500 million of inflation costs avoidance From 12 to 24 months: ~US$ 750 million of fixed cost savings ~US$ 250 million of sustaining investments efficiency Note: Compared to 2021 figures. Considering current operations and excluding effects of exchange rates variation. Levers Productivity gains Organizational redesign Sourcing and third-party services ■ ■ Removal of inefficiencies, better planning process (VPS) and incorporation of digital solutions A leaner and more efficient organization Specification and scope review, demand management VALE

View entire presentation