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2016 3Q Tabelas IFRS USD - I
2016 3Q Tabelas IFRS USD - I
75 74 73 68 63
4T01 2001 1T02 2T02 3T02 4T02 2002 1T03 2T03 3T03 4T03
4Q01 2001 1Q02 2Q02 3Q02 4Q02 2002 1Q03 2Q03 3Q03 4Q03
4 5 6 7 8 9 10 11 12 13 14
12/31/2001 12/31/2001 3/31/2002 6/30/2002 9/30/2002 12/31/2002 12/31/2002 3/31/2003 6/30/2003 9/30/2003 12/31/2003
2003 1T04 2T04 3T04 4T04 2004 1T05 2T05 3T05 4T05 2005
2003 1Q04 2Q04 3Q04 4Q04 2004 1Q05 2Q05 3Q05 4Q05 2005
15 16 17 18 19 20 21 22 23 24 25
12/31/2003 3/31/2004 6/30/2004 9/30/2004 12/31/2004 12/31/2004 3/31/2005 6/30/2005 9/30/2005 12/31/2005 12/31/2005
1T06 2T06 3T06 4T06 2006 1T07 2T07 3T07 4T07 2007 1T08
1Q06 2Q06 3Q06 4Q06 2006 1Q07 2Q07 3Q07 4Q07 2007 1Q08
26 27 28 29 30 31 32 33 34 35 36
3/31/2006 6/30/2006 9/30/2006 12/31/2006 12/31/2006 3/31/2007 6/30/2007 9/30/2007 12/31/2007 12/31/2007 3/31/2008
2T08 3T08 4T08 2008 1T09 2T09 3T09 4T09 2009 1T10
2Q08 3Q08 4Q08 2008 1Q09 2Q09 3Q09 4Q09 2009 1Q10
37 38 39 40 41 42 43 44 45 46
6/30/2008 9/30/2008 12/31/2008 12/31/2008 3/31/2009 6/30/2009 9/30/2009 12/31/2009 12/31/2009 3/31/2010
2T10 3T10 4T10 2010 1T11 2T11 3T11 4T11 2011 1T12
2Q10 3Q10 4Q10 2010 1Q11 2Q11 3Q11 4Q11 2011 1Q12
47 48 49 50 51 52 53 54 55 56
6/30/2010 9/30/2010 12/31/2010 12/31/2010 3/31/2011 6/30/2011 9/30/2011 12/31/2011 12/31/2011 3/31/2012
2T12 3T12 4T12 2012 1T13 2T13 3T13 4T13 2013 1T14 2T14
2Q12 3Q12 4Q12 2012 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14
57 58 59 60 61 62 63 64 65 66 67
6/30/2012 9/30/2012 12/31/2012 12/31/2012 3/31/2013 6/30/2013 9/30/2013 ### ### 3/31/2014 6/30/2014
3T14 4T14 2014 1T15 2T15 3T15 4T15 2015 1T16 2T16
3Q14 4Q14 2014 1Q15 2Q15 3Q15 4Q15 2015 1Q16 2Q16
68 69 70 71 72 73 74 75 76 77
9/30/2014 ### ### 3/31/2015 6/30/2015 9/30/2015 ### ### ### ###
Selected financial indicators
US$ million 3Q16 2Q16 3Q15 % %
(A) (B) (C) (A/B) (A/C)
Net operating revenues 7,324 6,626 6,505 10.5 12.6
Adjusted EBIT 2,060 1,339 834 53.8 147.0
Adjusted EBIT margin (%) 28.1 20.2 12.8
Adjusted EBITDA 3,023 2,383 1,875 26.9 61.2
Adjusted EBITDA margin (%) 41.3 36.0 28.8
Net income (loss) 575 1,106 (2,117) -48.0 127.2
Underlying earnings 954 709 (961) 34.6 199.3
Underlying earnings per share on a fully dil 0.19 0.14 - 0.19
Total gross debt 31,449 31,814 28,675 -1.1 9.7
Cash and cash equivalent 5,484 4,306 4,462 27.4 22.9
Total Net Debt 25,965 27,508 24,213 -5.6 7.2
Total gross debt/ adjusted EBITDA (x) 3.6 4.2 3.6
Capital expenditures 1,257 1,368 1,879 -8.1 -33.1
Vale's iron ore cash cost (ex-ROM, ex-royalties), FOB (US$ /t) 13.0 13.2 13.2
Freight
Volume CFR (Mt) 47.8 48.2 44.9
Vale's iron ore unit freight cost (US$/t) 12.0 11.8 18.8
Vale's iron ore unit freight cost (ex- bunker oil hedge) (US$/t) 12.0 11.8 16.4
¹ US$ 13.2/t is equivalent to the US$12.7/t reported in 3Q15 after adjusting for the new allocation criteria for ICMS (US$ 0.5/t) and
Distribution Costs (-US$ 0.2/t) as described in the box “Managerial Allocation Changes” in pages 45-46 of the 4Q15 Earnings
Release. Additional adjustment was made to include the cost of Third Party Ore Purchases (US$ 0.2/t) to our C1 costs.
Coal business performance
Non-cash transactions:
Average prices
US$/ton 3Q16 2Q16 3Q15
Iron ore fines CFR reference price (dmt) 59.30 56.30 56.00
Iron ore fines CFR/FOB realized price 50.95 48.30 46.48
ROM 11.40 12.35 6.77
Pellets CFR/FOB (wmt) 82.58 76.20 73.82
Manganese ore 113.84 103.13 51.34
Ferroalloys 806.45 690.36 1,000.00
Thermal coal 45.80 38.38 48.24
Metallurgical coal 91.04 77.48 81.22
Nickel 10,317.00 9,180.00 10,866.00
Copper 4,218.00 4,144.00 3,892.00
Platinum (US$/oz) 1,060.30 908.64 1,004.75
Gold (US$/oz) 1,383.00 1,265.93 1,094.81
Silver (US$/oz) 15.15 16.66 13.49
Cobalt (US$/lb) 11.83 10.41 14.54
Potash 205.37 208.45 265.55
Phosphates
MAP 396.68 384.83 494.03
TSP 298.54 306.67 371.09
SSP 190.99 186.97 188.02
DCP 475.83 475.73 474.09
Phosphate rock 63.15 70.94 78.44
Nitrogen 345.01 409.19 431.44
Volume sold - Minerals and metals
‘000 metric tons 3Q16 2Q16 3Q15
Iron ore fines 74,231 72,678 70,530
ROM 351 405 3,546
Pellets 12,001 11,388 11,961
Manganese ore 448 354 448
Ferroalloys 31 36 3
Thermal coal 1,271 1,767 243
Metallurgical coal 1,156 1,001 1,419
Nickel 77 77 72
Copper 107 107 94
Gold as by-product ('000 129 122 105
Silver as by-product ('0 609 619 528
PGMs ('000 oz) 130 151 83
Cobalt (metric ton) 1,069 1,000 468
Potash 165 103 155
Phosphates
MAP 333 210 348
TSP 284 201 317
SSP 587 512 740
DCP 137 128 118
Phosphate rock 852 734 769
Others phosphates 184 95 74
Nitrogen 200 145 185
Operating margin by segment (EBIT adjusted margin)
% 3Q16 2Q16 3Q15
Ferrous minerals 42.2 37.3 29.0
Coal -29.4 -86.2 -164.6
Base metals 12.5 -4.4 -18.1
Fertilizer nutrients -8.7 -12.7 14.0
Total¹ 28.1 20.2 12.8
¹ excluding non-recurring effects
Annex 3 – reconciliation of IFRS and “NON-GAAP” information