Natura &Co Holding S.A. (NTCO) Q4 2022 Earnings Call Transcript | Old North State Wealth News
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Natura &Co Holding S.A. (NTCO) Q4 2022 Earnings Call Transcript



Natura &Co Holding S.A. (NYSE:NTCO) Q4 2022 Earnings Conference Call March 14, 2023 9:00 AM ET

Company Participants

Fábio Barbosa – Chief Executive Officer

Guilherme Castellan – Chief Financial Officer

João Paulo Ferreira – Chief Executive Officer of Natura &Co Latin America

Conference Call Participants

João Soares – Citi

Danniela Eiger – XP Investimentos

Thiago Macruz – Itaú Unibanco

Robert Ford – Bank of America

Joseph Giordano – JP Morgan

Eric Huang – Santander

Andrew Ruben – Morgan Stanley


Welcome to Natura &Co’s Fourth Quarter and Full Year 2022 Earnings Call. On this call today are Fábio Barbosa, CEO of Natura &Co; and Guilherme Castellan, CFO of Natura &Co. João Paulo Ferreira, CEO of Natura &Co Latin America will join for the Q&A session. The presentation they will be referring to during this call is available on the Natura &Co Investor Relations website.

I will now hand the call over to Fábio Barbosa.

Fábio Barbosa

Thank you. Good morning or good afternoon to all of you and thank you for joining us today. I’m very happy to be with you again. Guil will comment on the results shortly, so I will provide a more qualitative commentary.

As you know, 2022 was a difficult year and we continued to operate in fourth quarter in a challenging environment, marked by high global inflation that is affecting discretionary spending and changing consumer behavior, as well as rising energy costs, foreign exchange volatility and of course the geopolitical fallout resulting from the war in Ukraine.

In this environment, we decided in mid-2022 to reassess the group’s growth model in the short-term and shift the focus from sales growth to profit margins and cash conversion. As part of this shift, we took a hard look at cost structure and the role of the Holding company with significant

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