Vale Investor Presentation Deck
Sell-side analysts recognize our strategy and performance
HSBC (2021)
"We expect Vale to generate significant cash over the
next 5 years, even after deducting the Brumadinho
outflow and the minimum dividend payment. Following
the recent steps taken on improving governance, the
announcement of a buyback is another step in the right
direction."
Morgan Stanley (2021)
"A Welcome $4.6B Buyback Program (...) "[The buyback]
announcement showcases (...) the company's commitment
to return cash to shareholders"
J.P.Morgan (2020)
... management has been putting ESG at the center of
Vale's strategy and the goal to become safer, have better
management control and have a more transparent
relationship with all stakeholders is as high as ever...
BTGPactual (2021)
"Vale reported a solid set of 4Q20 results, surpassing
expectations. Following the strong cash generation in the
Q, Vale reported a net cash position, placing the company
on a very comfortable footing with respect to its balance
sheet."
CREDIT SUISSE (2020)
"Since 2019, ESG has become one of Vale's main strategic
pillars and the company disclosed ambitious goals for the
future. Vale intends to lead the transition to a net-zero
mining by reducing 33% of their scope 1 and 2 emissions
until 2030..
bradesco (2021)
"Buyback program announced; Re-rating underway (...)
From a capital allocation standpoint, we think Vale made
the right choice"
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