Vale S.a. · BMFBOVESPA:VALE3
Vale — Investor Presentation (October 2019)
28 slides from Vale's investor presentation, Oct 8, 2019
Slide 1: Vale PRI Webinar October 8th, 2019
Breast Cancer Awareness Month – Pink October in Itabira, MG Vale PRI Webinar October 8th, 2019
Slide 2: Disclaimer
“This presentation may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct
Slide 3: Vale's commitment to the full and effective reparation
3 Vale’s commitment to the full and effective reparation Guidelines¹ #1 #2 #3 #4 Restoring the dignity of those affected and livelihood Economic and Non-economic compensation Restoring the productive capacity of affected areas Measures to guarantee non-repetition Emergency Support Hospitals and heal
Slide 4: Key civil and labor framework agreements have been settled and adherence is increasing
4 Key civil and labor framework agreements have been settled and adherence is increasing Emergency Indemnification >108,000 people with monthly compensation until Jan 2020 R$ 860 million paid¹ Paraopeba River Individual / Group Indemnification² > 550 agreements signed > 1,200 beneficiaries R$ 233 mi
Slide 5: Legal agreements to cover other specific fronts were also signed so far
5 25 legal agreements to cover other specific fronts were also signed so far¹… 4 5 Support to municipalities Environmental recovery Initiatives to protect and recover fauna and flora Brumadinho, São Joaquim das Bicas, Mário Campos and AMIG²³ Over R$ 200 million paid for 10 cities Public services, in
Slide 6: A plan for tailings treatment and environmental recovery is defined
6 A plan for tailings treatment and environmental recovery is defined, with key structures already in operation US$ 1.2 billion provisioned Ensure water supply to the Belo Horizonte region - Reestablish the water withdrawal system in the Paraopeba river basin - Prevent tailings carriage to the Rio d
Slide 7: Our challenges ahead
7 Our challenges ahead Rebirth of Brumadinho • Brumadinho sustainable development 1 Cultural transformation • Safety becomes an “obsession” with our risk perception and safety culture evolved into an interdependent mindset • Sustainability entrenched in local operations and Vale perceived as a devel
Slide 8: Safety and Operational Excellence Executive Office is independent from operations
8 The newly created Safety and Operational Excellence Executive Office is independent from operations Direct report to the CEO Authority to stop operations Variable remuneration independent from operations Over 400 staff already allocated to the structure Vale is committed to become the safest and m
Slide 9: Safety and Operational Excellence Executive Office key initiatives
9 The Safety and Operational Excellence Executive Office has been working on the key initiatives below Health and Safety and Operational Risks Operational Excellence Asset Management Geotechnical Structures current geotechnical risk organizational structure for 1 Vale Brazil ² RASCI: Responsible, Ac
Slide 10: Our dogma: Every accident is preventable
10 Our dogma: Every accident is preventable 1st wave linking investment and risk reduction and Operational Risk, Sustainability, Quality, 2nd wave (2020 - 2021) •Consolidate the risk management process through focus on critical controls •Management actively participates in top risks identification,
Slide 11: Risk governance
11 Risk governance Executive Committee for Strategic, Financial and Cybernetic Risks Executive Committee for Geotechnical Risks Executive Committee for Operational Risks Executive Committee for Compliance Risks ¹ Extraordinary Independent Consulting Committee for Dam Safety, Extraordinary Independen
Slide 12: Risk Governance and external sentinels increase reliability of dams
12 Vale’s Risk Governance and external sentinels act to increase reliability of dams and vigilance over processes for Dam ¹ Established in 2016 Internal Lines of Defense Audit External Sentinels Public Internal Independent Board Committee Safety Safety & Operational Excellence Office Federal Prosecu
Slide 13: Structured plan to accelerate de-characterization of dam structures
13 Vale has a structured plan in place to accelerate the de-characterization of dam structures in Brazil US$ 1.9 billion already provisioned to decommission 9 upstream dams Safety index improvement / maintenance Drilling, engineering, removal of interferences Strengthening embankment Tailings remova
Slide 14: De-characterization means the dam no longer receives tailings
14 The de-characterization means the dam will no longer receive tailings or function as a container structure Examples: De-characterization macro processes Closure of operations Containment construction¹ Final de-characterization² Monitoring ¹ When necessary. ² According to each project. 5 4 3 15,00
Slide 15: Containment structures to increase safety are under construction
15 Containment structures to increase safety in dams areas are also under construction Sche Conta tic nt Containment under construction at Sul Superior dam December 2019 Expected conclusion 310 meters long, 36 meters high 1,593 employees at peak work 77% of local employees Capacity Retain all tailin
Slide 16: De-characterization project Sul Superior dam
16 De-characterization project Sul Superior dam
Slide 17: De-characterization project Sul Superior dam
17 De-characterization project Sul Superior dam
Slide 18: De-characterization project Sul Superior dam
18 De-characterization project Sul Superior dam
Slide 19: De-characterization project Sul Superior dam
19 De-characterization project Sul Superior dam
Slide 20: De-characterization project Sul Superior dam
20 De-characterization project Sul Superior dam
Slide 21: De-characterization project Sul Superior dam
21 De-characterization project Sul Superior dam
Slide 22: De-characterization project Sul Superior dam
22 De-characterization project Sul Superior dam
Slide 23: The final de-characterization project has the following main steps
24 The final de-characterization project has the following main steps Started dike 1 1
Slide 24: The final de-characterization project has the following main steps
25 The final de-characterization project has the following main steps Started dike Upstream rising 1 2 2 1
Slide 25: The final de-characterization project has the following main steps
26 The final de-characterization project has the following main steps Started dike Upstream rising Downstream embankments 3 1 2 3 2 1
Slide 26: The final de-characterization project has the following main steps
27 The final de-characterization project has the following main steps Started dike Upstream rising Downstream embankments Backfilling between the dam and the strengthening structure 4 3 1 2 3 2 1 4
Slide 27: The final de-characterization project has the following main steps
28 The final de-characterization project has the following main steps Started dike Upstream rising Downstream embankments Backfilling between the dam and the strengthening structure Structure de-characterization 5 4 3 53 1 2 3 2 1 4
Slide 28: The final de-characterization project has the following main steps
29 The final de-characterization project has the following main steps Started dike Upstream rising Downstream embankments Backfilling between the dam and the strengthening structure Structure de-characterization Final result 6 5 6 4 3 2 1 Table of Contents Signatures Pursuant to the requirements of