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_

_

7

8

9

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11

12

_

_

_

13

14

15

16

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21

Belcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura Jafra

Belcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura Jafra

Belcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura Jafra

Belcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura Jafra

Belcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura Jafra

Belcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura JafraBelcorp

Unique-Yanbal

Avon

Natura

Jafra

0%

5%

10%

15%

20%

25%

30%

35%

40%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Belcorp Unique-Yanbal Avon Natura Jafra

22

23

24

25

26

27

thank you