Natura & S A : Dados Econômico-Financeiros

Natura &Co Holding S.A.

Individual and Consolidated

Interim Accounting Information (ITR) For the nine-month period ended September 30, 2022

s Report

(A free translation of the original in Portuguese)

Report on review of quarterly information

To the Board of Directors and Stockholders

Natura &Co Holding S.A.

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of Natura &Co Holding S.A. ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended 30 September 2022, comprising the statement of financial position at that date and the statements of income and comprehensive income for the quarter and nine-month period then ended, and the statements of changes in shareholders' equity and cash flows for the nine-month period then ended, and explanatory notes.

Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21, Interim Financial Reporting, of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard (IAS) 34, Interim Financial Reporting issued by the International Accounting Standards Board (IASB) as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

PricewaterhouseCoopers Auditores Independentes, Avenida Brigadeiro Faria Lima, 3732, 16º andar, partes 1 e 6, Edifício Adalmiro Dellape Baptista B32, Itaim Bibi, São Paulo - SP, CEP 04538-132,T: (11) 3674-2000, F: (11) 3674-2000, www.pwc.com.br

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Natura &Co Holding S.A.

Emphasis of Matter

Reissuance of Quarterly Information Form (ITR)

We draw attention to Note 2 to these Quarterly Information (ITR), which explains that the originally issued 30 September 2022 ITR was updated and reissued due the circumstances described therein. We originally issued our review report, on the previously issued ITR, on 9 November 2022. In connection with the update described in the referred footnote, we are issuing this new review report on the reissued ITR. Our conclusion is not qualified in respect of this matter.

Other matters

Statements of value added

The quarterly information referred to above includes the parent company and consolidated statements of value added for the nine-month period ended 30 September 2022. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the interim accounting information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statements of value added have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.

São Paulo, 20 January 2023

PricewaterhouseCoopers

Auditores Independentes Ltda.

CRC 2SP000160/O-5

Leandro Mauro Ardito

Contador CRC 1SP188307/O-0

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NATURA &CO HOLDING S.A.

'STATEMENT OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2022 AND DECEMBER 31, 2021 (In thousands of Brazilian reais - R$)

				Parent		Consolidated		Note			Controladora			Consolidado
ASSETS	Note			September 30,	December 31,		September 30,	December 31,	LIABILITILES AND SHAREHOLDERS' EQUITY				September 30,		December 31,			September 30,	December 31,
CURRENT				2022	2021		2022	2021	CURRENT				2022		2021			2022	2021
Cash and cash equivalents	6		5,344	4,289	3,252,289	4,007,257	Borrowings, financing and debentures	19		-		-		429,265	945,069
Short-term investments	7		100,402	228,694	1,377,224	1,978,740	Lease	18		115	-		854,716	1,005,523
Trade accounts receivable	8		-	-	3,368,184	3,476,359	Trade accounts payable and reverse factoring	20		11,645	5,688	5,984,920	6,770,579
				operations
Trade accounts receivable - Related parties	32		44,616	190,522	-	-	Trade accounts payable - Related parties	32		691	60,171		-	-
Inventories	9		-	-	5,410,536	5,403,526	Dividends and interest on shareholders' equity payable	24		180,772	180,772	180,772	180,772
Recoverable taxes	10		-	-	974,053	973,269	Payroll, profit sharing and social charges			2,805	19,431		985,351	1,255,348
Income tax and social contribution			37,939	118,068	228,598	564,486	Tax liabilities	21		586	654	676,183	766,430
Derivative financial instruments			-	-	185,323	81,159	Income tax and social contribution			-		-		238,630	365,457
Other current assets	14			2,771	6,397		837,552	912,160	Derivative financial instruments	5		-		89	1,164,077	458,492
			191,072	547,970	15,633,759	17,396,956	Provision for tax, civil and labor risks	22		-		-		321,152	230,097
									Other current liabilities	23			24,047		509		1,468,513	1,716,110
Assets held for sale	13			-	-		51,508	52,921	Total current liabilities				220,661		267,314		12,303,579	13,693,877
Total current assets			191,072	547,970	15,685,267	17,449,877
									NON-CURRENT
NON-CURRENT									Borrowings, financing and debentures	19		-		-		13,278,745	11,771,763
Recoverable taxes	10		-	-	1,366,292	1,349,624	Lease	18		208		-		2,440,012	2,542,339
Income tax and social contribution			-	-	238,480	84,729	Payroll, profit sharing and social charges			13,832	17,544	21,755	53,748
Deferred income tax and social contribution	11		121,252	-	3,704,888	2,954,074	Tax liabilities	21		-		-		116,501	114,797
Judicial deposits	12		13	13	475,458	585,284	Deferred income tax and social contribution	11		-		-		895,244	994,041
Derivative financial instruments	5		-	-	130,000	893,970	Provision for tax, civil and labor risks	22		1,044		-		1,522,357	1,768,744
Short-term investments	7		-	-	36,507	36,921	Other non-current liabilities	23			9,414		713			920,260	942,456
Other non-current assets	14			843	848		1,463,006	1,763,051	Total non-current liabilities				24,498	18,257			19,194,874	18,187,888
			122,108	861	7,414,631	7,667,653
									TOTAL LIABILITIES				245,159		285,571			31,498,453	31,881,765

Investments	22,914,485	28,281,178	-	-	SHAREHOLDERS' EQUITY	24
Property, plant and equipment	-	-	4,903,045	5,377,408	Capital stock
Intangible	2,137	1,132	23,509,817	26,857,583	Treasury shares
Right of use	314	-		2,988,059	3,095,969	Capital reserves
Total non-current assets	23,039,044	28,283,171	38,815,552	42,998,613	Legal profit reserve
						Accumulated losses
						Other comprehensive income

Shareholders' equity attributed to the Company's shareholders

Non-controlling interest in shareholders' equity of subsidiaries

Total shareholders' equity

12,487,555 12,481,683

(262,360) (151,342)

10,476,758 10,478,804

866,840 871,223

(1,969,592)-

1,385,756 4,865,202

22,984,957 28,545,570

--

22,984,957 28,545,570

12,487,555 12,481,683

(262,360) (151,342)

10,476,758 10,478,804

866,840 871,223

(1,969,592)-

1,385,756 4,865,202

22,984,957 28,545,570

17,40921,155

23,002,366 28,566,725

TOTAL ASSETS

23,230,116

28,831,141

54,500,819

60,448,490

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

23,230,116

28,831,141

54,500,819

60,448,490

* The accompanying notes are an integral part of the Interim Accounting Information.

NATURA &CO HOLDING S.A.

STATEMENT OF INCOME

FOR THE THREE- AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2022 AND 2021 (In thousands of Brazilian reais - R$, except for earnings per share)

									Parent						Parent					Consolidated				Consolidated
		Note				July 1, 2022 to				July 1, 2021 to				January 1, 2022				January 1, 2021				July 1, 2022 to				July 1, 2021 to			January 1, 2022 to				January 1, 2021
					September				September 30,				to September				to September				September 30,				September 30,			September 30,				to September
						30, 2022				2021				30, 2022				30, 2021				2022				2021			2022				30, 2021
NET REVENUE	26		-		-		-		-		9,003,732		9,549,225	25,959,439	28,521,464
Cost of Sales	27			-			-			-			-			(3,229,676)			(3,313,070)		(9,392,089)			(9,953,824)
GROSS PROFIT											-		-		-		5,774,056		6,236,155	16,567,350	18,567,640
																														-
OPERATING (EXPENSES) INCOME				-																					-
Selling, Marketing and Logistics expenses	27		-		-		-		-		(3,968,732)		(4,068,015)		(11,360,431)		(12,120,851)
Administrative, R&D, IT and Project expenses	27		(35,124)		(38,764)		(252,861)		(96,945)		(1,555,264)		(1,790,778)	(4,818,006)		(5,234,795)
Impairment loss on trade receivables	8		-		-		-		-		(151,141)		(220,335)		(465,391)		(670,536)
Share of profits (losses) from subsidiaries	15		(459,984)		297,938	(1,657,460)		439,072		-		-		-		-
Other operating income (expenses), net	30			-			-			12,326	-		(131,742)		132,505	(228,869)		(188,144)
OPERATING (LOSS) PROFIT BEFORE FINANCIAL RESULT						(495,108)				259,174	(1,897,995)		342,127		(32,823)		289,532	(305,347)		353,314
																															-
Financial income	29		27,012	19,598	45,338	30,781		876,748		874,568		4,191,482	3,138,965
Financial expenses	29		(20,978)		(5,903)		(46,232)		(20,364)		(1,440,695)		(1,167,583)		(5,568,783)		(3,865,387)
																														-
(LOSS) PROFIT BEFORE INCOME TAX AND
SOCIAL CONTRIBUTION				(489,074)		272,869	(1,898,889)		352,544		(596,770)		(3,483)		(1,682,648)		(373,108)
Income tax and social contribution	11		(70,703)		-		(70,703)		-		112,828		311,984	(104,776)		749,330
NET (LOSS) INCOME FOR THE PERIOD FROM CONTINUING OPERATIONS				(559,777)	272,869	(1,969,592)		352,544		(483,942)		308,501	(1,787,424)		376,222
DISCONTINUED OPERATIONS
NET LOSS FROM DISCONTINUED OPERATIONS					-			-			-			-			(75,530)			(38,897)			(181,192)			(30,932)
NET (LOSS) INCOME FOR THE PERIOD				(559,777)	272,869	(1,969,592)		352,544		(559,472)		269,604		(1,968,616)		345,290
ATTRIBUTABLE TO
The Company´s shareholders				(559,777)	272,869	(1,969,592)		352,544		(559,777)		272,869	(1,969,592)		352,544
Non-controlling shareholders						-				-				-				-			305			(3,265)			976			(7,254)
				(559,777)	272,869	(1,969,592)		352,544		(559,472)		269,604		(1,968,616)		345,290
INCOME (LOSS) PER SHARE IN THE PERIOD -R$
Basic	31			(0,4073)			0,1981	(1,4356)		0,2560		(0,4073)		0,1981	(1,4356)		0,2560
Diluted	31			(0,4073)			0,1963			(1,4356)			0,2537			(0,4073)			0,1963			(1,4356)			0,2537

* The accompanying notes are an integral part of the Interim Accounting Information.