Vale SA announces a strong operational and financial performance in the third quarter of 2009, returning to growth after the impact of the global financial shock. Vale continues to pursue sustainable shareholder value creation, implementing the growth strategy with discipline in capital allocation, consistent with a long term vision of the mining business.
Main highlights and metrics of Q3 of 2009 performance:
1. Shipments of iron ore and pellets totaled 72.930 million tonnes, up by 35.5% QoQ
2. Operating revenue of USD 6.9 billion, up by 35.6%QoQ. YTD revenue reached USD 17.4 billion
3. Operational profit, as measured by adjusted EBIT of USD 2.3 billion, up by 134.9% QoQ. YTD adjusted EBIT was USD 5 billion
4. Operational margin, as measured by adjusted EBIT margin, of 34.2%, recovering from the 19.7% figure for 2Q09
5. Cash generation, as measured by adjusted EBITDA increased to USD 3 billion from USD 1.7 billion in Q2. YTD adjusted EBITDA reached USD 7 billion
6. Net earnings of USD 1.7 billion as against USD 790 million in Q2 of 2009. YTD net earnings totaled USD 3.8 billion.
7. Dividend of USD 1.5 billion to be paid from October 30th 2009. Total dividend distribution of USD 2.75 billion in 2009, in line with the USD 2.85 billion dividend in 2008, a year of record cash generation
8. Investment reached USD 8.9 billion in the first 9 months of 2009. USD 6 billion was spent in sustaining capital, research and development and project execution, and USD 2.9 billion in acquisitions
9. Investment of USD 567 million in corporate social responsibility in 9M of 2009, of which USD 413 million was allocated to environmental protection and conservation and USD 154 million to social projects.
