Minerva S.a. · BMFBOVESPA:BEEF3
Minerva — Investor Presentation (December 2022)
27 slides from Minerva's investor presentation, Dec 15, 2022
Slide 1: Presentation of the 4th Cycle TAC Audits for Cattle Ranching - Pará
Federal Prosecutor's Office Presentation of the 4th Cycle TAC Audits for Cattle Ranching - Pará December 15, 2022
Slide 2: Event Recommendations
Event Recommendations For all participants of the Teams event: • The event will be streamed live on YouTube. You may opt to turn off your camera. • Please make sure your microphone is muted during the presentations. • All questions and comments may be posted on the online chat or at the time set asi
Slide 3: Audit General Information
Audit General Information • Audits conducted in /2022 • Transactions from July/2019 to June/2020 • Auditing companies: Grant Thornton, GeoMaster and BDO General Information
Slide 4: Signatories
Signatories Signatory companies audited : 16 Important signatory companies that Signatory companies exempt did not undergo audits: 11 from audit requirements: 9 Agroexport Frigorífico Aliança CE Mendonça Frig Vitória Frigorífico Altamira Frigorífico Mararu - Frigomar Alvo Consutoria Agropecuária Aba
Slide 5: Non-signatories
Non-signatories Non-signatory companies with significant volumes: 13 Frigorífico Araticum Frigonorte - J M Soares Frigorifico Brasil Novo Frig Munic Oriximiná Uniboi Alimentos - Unibrax Mafrimar - Mat e Frig Marajoara Frigus - R C Moreira Frigovan - R Barcelos Ribeiro Marfrig Alimentos (auditoria em
Slide 6: Representativeness of audits for the State of Pará and % of non-compliant animals
Representativeness of audits for the State of Pará and % of non-compliant animals Total animals sold for slaughter/export.................... 3,502,566 (100%) Total animals sold by companies that have been audited................. 2,333,642 (67%) Total number of animals not audited..................
Slide 7: Number of animals traded and degree of non-compliance in audits
Number of animals traded and degree of non-compliance in audits 12 months 12 months 18 months 12 months Comparison 1st Audit cycle 2nd Audit cycle 3rd Audit cycle 4th Audit cycle Number of animals sold by companies that were audited 2,368,089 2,193,834 4,018,115 2,333,642 % 73% 65% 69% 67% Number of
Slide 8: Signatories with highest compliance rates (% and number of cattle)
Signatories with highest compliance rates (% and number of cattle) ...........221,159 …............9,233 …........108,707 …........228,630 …..........77,237 …........135,547 …........384,154 …..........78,990 …........135,790 …..............117,117 …..................83,970 …........................
Slide 9: Signatories with highest non-compliance rates (% and number of cattle)
Signatories with highest non-compliance rates (% and number of cattle) Frigorífico Aliança 47,3 ...18,372 Matadouro e Mancheteria Planalto 20,7 .....8,224 Frigorífico Altamira 17,6 .....4,297 JBS (4) 16,7 .....93,734 0,0 5,0 10,0 15,0 20,0 25,0 30,0 35,0 40,0 45,0 50,0 Non-compliance (%)
Slide 10: Clarification
Clarification JBS rejects the application of the 2008 Prodes basis applied in the present audit, in view of, among other arguments: 1) The use of the expression "Prodes 2009" in the livestock monitoring protocol in accordance with the MPF in the text; 2) The lack of use of the 2008 Prodes basis in p
Slide 11: MPF's Position
MPF's Position This methodology, which discarded the 2008 Prodes base, was not accepted by the MPF. The criterion of TAC is post-July 2008 deforestation. The wording of the Monitoring Protocol that referred to "Prodes 2009" is subsequent to the purchases made by the company in this cycle. This wordi
Slide 12: History of audits - non-compliance
Irregularities (%) 1st Audit cycle 2nd Audit cycle 3rd Audit cycle 4th Audit cycle Companies Frigorífico Aliança 69.90 36.20 24.80 47.30 Marchanteria Planalto 43.10 12.10 31.10 20.74 Frigorífico Altamira 72.00 17.60 -- 17.63 JBS Total 19.10 8.30 32.00 16.73 ForteFrigo 8.40 15.30 18.70 6.51 History o
Slide 13: Companies with less than 1% of non-compliance
Companies 1st Cycle 2nd Cycle 3rd Cycle 4th Cycle Agroexport 0.00 0.02 0.00 0.00 Companies with less than 1% of Frigorífico Rio Maria 0.00 0.02 0.00 0.00 non-compliance Mafrinorte 0.32 0.00 0.74 0.00 in the four audit Mercurio Total 0.30 0.22 0.01 0.00 cycles Minerva 0.00 0.30 0.00 0.00 Xinguara/Fri
Slide 14: Companies with significant improvement
Companies Companies 1st Cycle 2nd Cycle 3rd Cycle 4th Cycle with Frigol 17.39 18.72 4.12 0.00 significant Masterboi 31.00 3.72 0.00 0.00 improvement
Slide 15: Companies with significant improvement in audit performance
Companies withmelhoria Empresas com significant improvement significativa in audit performance nos Resultados das auditorias Compliance (%) 100,00 90,00 80,00 70,00 60,00 50,00 40,00 30,00 20,00 10,00 0,00 Frigol Masterboi 1st Cycle 2nd Cycle 3rd Cycle 4th Cycle
Slide 16: Audit history – non-compliances
Audit history – non-compliances * Companies that scored unsatisfactorily in the 3rd cycle.
Slide 17: Tracking: % of Tolerance
Encaminhamentos Tracking % of Tolerance 2018 Audit 2019 Audit 2020 Audit 2022 Audit 1st Cycle 2th Cycle 3th Cycle 4th Cycle Up to 30% Up to 20% Up to 9.95% Up to 7%
Slide 18: Federal Prosecutor's Office - MPF
Federal Prosecutor's Office - MPF Daniel Cesar Azeredo Avelino Federal Prosecutor Ricardo Augusto Negrini Federal Prosecutor Gabriela De Góes Anderson Maciel Tavares Federal Prosecutor
Slide 19: TAC Support Committee for Meat
Encaminhamentos TAC Support Committee for Meat Technical Cooperation Agreement signed between MPF-PA, Imaflora and AdT in October of 2021
Slide 20: Objectives of the Pará TAC Support Committee
Encaminhamentos Objectives of the Pará TAC Support Committee a) Assist the effective implementation of Meat TAC in the State of Pará; b) Assist in the expansion of Meat TAC in the State of Pará (expansion into new meat packing plants); c) Operate as a source of technical, scientific, advisory and in
Slide 21: Working Structure
Encaminhamentos Working Structure Pará TAC Support Committee Secex Meat TAC Technical Social Chamber Chamber
Slide 22: NEXT STEPS
Federal Prosecutor's Office NEXT STEPS December 15, 2022
Slide 23: Next Steps: Companies without an audit
Encaminhamentos Next Steps Companies without an audit • TAC enforcement for companies not included in the process; • Legal action against companies without a TAC; • Data analysis (direct auditing) of the companies that have not been audited in order to disclose the results together with the 5th cycl
Slide 24: Next Steps: Companies in an in-between situation
Encaminhamentos Next Steps Companies in an in-between situation (poor results for the 4th cycle; or did not present an audit for 1 or more cycles) • Pursuit of negotiation (measures foreseen for non-audited companies in the event of failure)
Slide 25: Next Steps: Indirect suppliers
Encaminhamentos Next Steps Indirect suppliers • Pilot test with automatic audit tool based on the Green Seal • CT analysis for data calibration and reliability • Establish a timeline for adding the indirects into the traceability criteria
Slide 26: Information Request on Actions to Manage the Risk of Deforestation
SOLICITAÇÃO INFORMATION DE INFORMAÇÕES REQUEST SOBRE AÇÕES ON ACTIONS TAKENPARA TOGERENCIAR MANAGE O RISCO THEDERISK DESMATAMENTO OF DEFORESTATION Regional Supermarkets – State of Para National Supermarkets 1. A Angeloni e Cia 1. Macre 2. Carrefour * 2. Formosa * 3. Cencosud * 3. Grupo Nazaré 4. Com
Slide 27: THANK YOU
Federal Prosecutor's Office THANK YOU December 15, 2022