Vale Investor Presentation — April 2018

Document content

Vale’s Performance in 1Q18Ricardo Teles / Agência Vale

Rio de Janeiro, April 26th, 2018

Agenda“This presentation may include statements thatpresent Vale's expectations about

future events orresults .Allstatements, when based upon expectations about the

future and notonhistorical facts, involve various risks and uncertainties .Vale

cannot guarantee that such statements willprove correct .These risks and

uncertainties include factors related tothefollowing :(a)thecountries where we

operate, especially Brazil and Canada ;(b)theglobal economy ;(c)thecapital

markets ;(d)themining and metals prices and their dependence onglobal

industrial production, which iscyclical bynature ;and(e)global competition inthe

markets inwhich Vale operates .Toobtain further information onfactors thatmay

lead toresults different from those forecast byVale, please consult thereports

Vale files with theU.S.Securities and Exchange Commission (SEC), the

Brazilian Comissão deValores Mobiliários (CVM), theFrench Autorité des

Marchés Financiers (AMF) and inparticular the factors discussed under

“Forward -Looking Statements” and“Risk Factors” inVale’s annual report onForm

“Cautionary Note toU.S.Investors -TheSEC permits mining companies, intheir

filings with theSEC, todisclose only those mineral deposits thatacompany can

economically and legally extract orproduce .Wepresent certain information in

thispresentation, including ‘measured resources,’ ‘indicated resources,’ ‘inferred

resources,’ ‘geologic resources’, which would notbepermitted inanSEC filing.

These materials arenotproven orprobable reserves, asdefined bytheSEC, and

wecannot assure you that these materials willbeconverted into proven or

probable reserves, asdefined bytheSEC.U.S.Investors should consider closely

thedisclosure inourAnnual Report onForm 20-K,which may beobtained from

us,from ourwebsite orathttp://http ://us.sec.gov/edgar .shtml .”

AgendaAgenda1.Vale’s performance in 1Q18

2.Capital expenditures

4.Business segment performance4Vale’s performance in

Total EBITDAPerformance highlights in 1Q185

Preview truncated — download the full document for the complete content.