Indebtedness

Main Debt instruments — Bonds, Debentures and Promissory Notes as of October 31, 2022

The debt instruments below account for over 90% of the Company’s total debt.

Sustainability-Linked Bond – Issuer: Natura Cosméticos S.A.

Issue Date ISIN Maturity Principal Coupon
(per year)
Payment of interest
05/03/2021 144A: US63883KAB17
RS: USP7088CA03
05/03/2028 US$1,000.0 million(1) 4.125% per year 6 months
(May and November)

(1) Principal and interests fully hedged (swapped to BRL). For more information, see the explanatory notes to the Company’s financial statements.

For more information on Sustainability Linked Bond issuance, please access the following documents:

Bonds – Issuer: Natura &Co Luxemburg Holding. 

Instrument Issue Date Maturity Date ISIN Principal Coupon (per year) Payment of interest
Unsecured Bonds 04/19/2022 04/19/2029  144A:US63884WAA62

RS: USL6S52VAA02

US$ 600 million 6.000% 6 months
(April and October)

 

Bonds – Issuer: Avon Products, Inc.

Instrument Issue Date Maturity Date ISIN Principal Coupon (per year) Payment of interest
Unsecured Bonds 03/12/2013 03/12/2043 US054303AZ59 US$ 216.2 million 8.450%(1) 6 months
(March and September)

(1) Coupon based on current credit ratings, governed by interest rate adjustment provisions

 

Debentures – Issuer: Natura Cosméticos S.A.

Issuance Issue Date Ticker Maturity Principal Remuneration Payment of interest
11th issue 2022 07/21/2022 NATUA1 07/21/2027 BRL 826.0 million DI + 1.65 per year 6 months (January and  July)

Real State Receivables Certificate (CRIs) – Issuer: Natura Cosméticos S.A.  

Issuance Issue Date Ticker Maturity Principal Remuneration Payment of interest
1st CRI issue 2022 10/06/2022 BRIMWLCRIE48 09/14/2027 BRL 255.9 million CDI + 0.80% 6 months
(March and September)
BRIMWLCRIE55 09/14/2029 BRL 487.2 million IPCA + 6.80%
BRIMWLCRIE63  Equal installments between 2030 and 2032 BRL 306.9 million IPCA + 6.90%

Commercial Notes – Issuer: Natura Cosméticos S.A.

Issuance Issue Date Ticker Maturity Principal Remuneration Payment of interest
1st issue 2022 09/19/2022 NC0022009KK 09/19/2025 BRL 500.0 million DI + 1.55 per year 6 months (March and  September)


Debt Amortization Schedule
1

Natura &Co Holding S.A. consolidated position, as of September 3o, 2022.

 

a) Does not consider the issuance of R$ 1.05 billion of Certificates of Real State Receivables (”CRI”), issued on 10/19/22.

b) 2028+: BRL 9.9 billion includes US$ 1.0 billion of the sustainability-linked bond due 2028, Natura &Co Holding bonds of US$ 600 million due 2029, Avon Products Inc bonds of US$ 216 million due 2043

Debt Profile

Natura &Co Holding S.A. consolidated position, as of September 30, 2022.

 

 

Indebtedness Ratio Evolution

 

 

Value
(BRL million)

Sep-21
Natura Cosméticos
S.A.(3)

Sep-21
Natura &Co Holding
S.A.(3)

Dec-21 Natura Cosméticos S.A.(3)

Dec-21
Natura &Co Holding
S.A.(3)

Mar-22 Natura Cosméticos S.A.(3)

Mar-22
Natura &Co Holding
S.A.(3)

Jun-22 Natura Cosméticos S.A.(3)

Jun-22
Natura &Co Holding
S.A.(3)

Sep-22 Natura Cosméticos S.A.(3)

Sep-22
Natura &Co Holding
S.A.(3)

    Short Term 925 1,156 681 945 772.5 3.863,5 1,045.9 726.0 320 429
    Long Term 7,464 11,133 7,614 11,380 6,678.7 7.692,4 6,994. 11.992,8 7,814 12,971
Gross Debt(1) 8,388 12,289 8,296 12,325 7,451.2 11,556.0 8,040.6 12,718.8 8,134 13,401
Foreign Currency Hedging (Swaps)(2) (230) (230) (379) (379) 628.8 627.6 75.5 54.8 59 52
Total Gross Debt 8,158 12,059 7,917 11,946 8,080.0 12,183.6 8,116.1 12,773.6 8,194 13,453
  Cash and Short-Term Deposits (3,738) (5,359) (4,669) (5,986) (3,220.2) (4,536.7) (3,041.6) (4,275.6) (3,023) (4,629)
Total net debt 4,421 6,700 3,247 5,960 4,859.8 7,646.9 5,074.5 4,275.6 5,171 8,823
Net Debt/ EBITDA(4) 1.84x 2.74x 1.21x 2.19x 1.84x 3.06x 1.83x 3.46x 1.88x 4.15x
Net Debt/ EBITDA(5) 1.32x 1.83x 0.90x 1.52x 1.38x 2.13x 1.43x 2.46x 1.49x 2.85x

(1) Gross debt: excludes Purchase Price Allocation (PPA) effects and lease agreements.
(2) Foreign currency debt hedging instruments, excluding mark-to-market effects.  
(3) Until Sep-19 indebtedeness is presented for Natura Cosméticos S.A. only. From Dec-19, the indebtedness calculation is presented for Natura Cosméticos S.A. and also for Natura &Co Holding S.A., separately.
(4) Indebtedness ratio excluding IFRS 16 effects.
(5) Indebtedness ratio including IFRS 16 effects.