Natura &Co Holding S.A. (NYSE:NTCO) Q4 2022 Earnings Call Transcript

Fábio Barbosa: Thank you very much. Thanks everyone for following the call here. It was a good dig into the details and so on, so that we do not lose the perspective of what is the strategy that we are following. I will quickly go through them again. So first, the structural steps are in motion across the group to improve our performance. This includes accelerating the integration of Natura and Avon in Latin America, optimization of Avon’s international footprint and rightsizing The Body Shop. At Aesop, we are evaluating strategic options, aiming to improve the company’s capital structure. Second, our priorities of focus on cash generation and improving the company’s capital structure, build the path to unlocking significant value with some first green shoots appearing in the fourth quarter numbers already.

The whole organization is mobilized and incentivized to achieve these goals. Third, looking forward, we are confident that the actions we are taking will position Natura &Company to focus not only on profitability and cash, but also return to focus on growth. And fourth, 2023 will likely be another challenging year, but we expect a continuous improvement in revenues, as well as a better profitability and cash generation, while continuing to invest in the transformational actions just mentioned. So we are continuing our ongoing work to improve the fundamentals of our brands and businesses. Our priority remains very clear, we are strongly focused on improving margins and generating cash flow, and the teams in the BU are all mobilized and incentivized to achieve these goals.

Well, thank you very much for your attention from everyone, and we will be ready to talk in the next few weeks and day — days and weeks. Thank you.

Operator: Conference has now concluded. Thank you for attending today’s presentation. And you may now disconnect.