Indebtedness

Main Debt instruments — Bonds, Debentures and Promissory Notes as of June 3o, 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% 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. 

Instrumento Data de Emissão  Vencimento ISIN Principal Cupom Pagamento de juros
Unsecured Bonds 04/19/2022 04/19/2022  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
9th issue 2018 09/21/2018 NATU39 09/21/2022 BRL 302.7 million 112.00% DI rate 6 months
(March and September)
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 3o, 2022.

 

a) Does not reflect Natura Debentures of R$826 million issued in July and maturing in 2027. Considering this issuance, average debt maturity would have increased to 6.5 years.

b) R$ 9.9 billion includes Natura Cosméticos US$1.0 billion in sustainability-linked bond due 2028, Natura &Co Holding’s US$ 600 million bonds due 2029, Avon’s US$ 200 million due 2043

 

Debt Profile

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

 

 

Indebtedness Ratio Evolution

 

 

Value
(BRL million)

Jun-21
Natura Cosméticos
S.A.(3)

Jun-21
Natura &Co Holding
S.A.(3)

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)

    Short Term 2,699 3,072 925 1,156 681 945 772.5 3.863,5 1,045.9 726.0
    Long Term 7,303 10,676 7,464 11,133 7,614 11,380 6,678.7 7.692,4 6,994. 11.992,8
Gross Debt(1) 10,002 13,748 8,388 12,289 8,296 12,325 7,451.2 11,556.0 8,040.6 12,718.8
Foreign Currency Hedging (Swaps)(2) 189 189 (230) (230) (379) (379) 628.8 627.6 75.5 54.8
Total Gross Debt 10,191 13,937 8,158 12,059 7,917 11,946 8,080.0 12,183.6 8,116.1 12,773.6
  Cash and Short-Term Deposits (6,144) (7,989) (3,738) (5,359) (4,669) (5,986) (3,220.2) (4,536.7) (3,041.6) (4,275.6)
Total net debt 4,047 5,948 4,421 6,700 3,247 5,960 4,859.8 7,646.9 5,074.5 4,275.6
Net Debt/ EBITDA(4) 1.49x 2.02x 1.84x 2.74x 1.21x 2.19x 1.84x 3.06x 1.83x 3.46x
Net Debt/ EBITDA(5) 1.10x 1.43x 1.32x 1.83x 0.90x 1.52x 1.38x 2.13x 1.43x 2.46x

(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.