Indebtedness

Main Debt instruments — Bonds, Debentures and Promissory Notes as of June 30, 2021

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: USP7088CAC03
05/03/2028 US$1,000.0 million(1) 4.125% 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: Avon Products, Inc. 

Instrument Issue Date Maturity Date ISIN Principal Coupon (per year) Payment of interest
Unsecured Bonds 03/12/2013 03/15/2023 US054303BA99 US$ 461.9 million 6.500%(1) 6 months
(March and September)
Unsecured Bonds 03/12/2013 03/15/2043 US054303AZ59 US$ 216.1 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
7th issue 2017 09/25/2017 NATU27 09/25/2021 BRL 1,827.3 million DI + 1.75% per year 6 months
(March and September)
9th issue 2018 09/21/2018 NATU29 09/21/2021 BRL 308.3 million 110.50% DI rate 6 months
(March and September)
NATU39 09/21/2022 BRL 302.7 million 112.00% DI rate
10th issue 2019 08/28/2019 NATA01 08/26/2024 BRL 400.0 million DI + 1.00 per year 6 months
(February and August)
08/29/2019 NATB01 08/26/2024 BRL 95.7 million DI + 1.15 per year
NATC01 08/26/2024 BRL 686.2 million DI + 1.15 per year
NATD01 08/26/2024 BRL 394.5 million DI + 1.15 per year


Debt Amortization Schedule
1

Natura &Co Holding S.A. consolidated position, as of June 30, 2021.

(1) Gross debt: i) excludes Purchase Price Allocation (PPA) effects;  ii) amounts net of hedge effects; iii) includes accrued interests up to the due date.

Indebtedness Ratio Evolution

Natura &Co Holding S.A. consolidated position, as of June 30, 2021.

Indebtedness Ratio Evolution

 

Value
(BRL million)

Jun-20 Natura Cosméticos S.A.(3)

Jun-20
Natura &Co Holding
S.A.(3)

Sep-20 Natura Cosméticos S.A.(3)

Sep-20
Natura &Co Holding
S.A.(3)

Dec-20 Natura Cosméticos S.A.(3)

Dec-20
Natura &Co Holding
S.A.(3)

Mar-21 Natura Cosméticos S.A.(3)

Mar-21
Natura &Co Holding
S.A.(3)

Jun-21
Natura Cosméticos
S.A.(3)

Jun-21
Natura &Co Holding
S.A.(3)

    Short Term 1,178 2,631 3,214 4,536 3,062 3,806 2,481 3,235 2,699 3,072
    Long Term 8,540 17,256 6,432 15,262 6,065 9,568 6,461 10,302 7,303 10,676
Total Debt(1) 9,718 19,887 9,645 19,797 9,128 13,373 8,942 13,356 10,002 13,748
Hedge Accrual Adjustment (1,875) (1,875) (1,990) (1,990) (1,626) (1,626) (2,006) (2,006) 189 189
Hedge MTM
Adjustment
(286) (286) (282) (282) (240) (249) (192) (192) (39) (39)
Accounting Debt 7,558 17,726 7,373 17,525 7,253 11,498 6,744 11,338 10,153 13,899
Hedge MTM
Adjustment
286 286 282 282 249 249 192 192 39 39
Treasury Debt 7,844 18,012 7,655 17,807 7,502 11,747 6,936 11,530 10,191 13,937
  Cash and Short-Term Deposits (3,685) (7,390) (4,264) (7,951) (5,151) (8,342) (3,818) (6,576) (6,144) (7,989)
Total net debt 4,159 10,622 3,391 9,857 2,351 3,405 3,118 4,954 4,047 5,948
Net Debt / EBITDA(4) 2.04x 5.19x 1.33x 4.31x 0.90x 1.44x 1.08x 1.66x 1.49x 2.02x
Net Debt / EBITDA(5) 1.52x 3.63x 1.03x 3.00x 0.68x 0.97x 0.82x 1.18x 1.10x 1.43x

(1) Gross debt: excludes Purchase Price Allocation (PPA) effects.
(2) Lease agreements  are not included in the Treasury debt amount.
(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.