#1d.local Q1 2022 Earnings Presentation NASDAQ: DLO#2Safe Harbor This presentation may contain forward-looking statements. These forward-looking statements convey dLocal's current expectations or forecasts of future events. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors that may cause dLocal's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risk Factors," and "Cautionary Note Regarding Forward-Looking Statements" sections of dLocal's filings with the U.S. Securities and Exchange Commission. Unless required by law, dLocal undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof. d. 2#3d.local 1Q22 Results SCALE Strong start to the year 2022 TPV ($M) 127% YoY $926 1Q21 $2,104 1Q22 GROWTH REVENUE ($M) $40 1Q21 117% YoY $87 1Q22 RETENTION 190% NET REVENUE RETENTION RATE PROFITABILITY 38% ADJUSTED EBITDA MARGIN¹ Note: Unaudited quarterly results 1 dLocal has only one operating segment. Although Adjusted EBITDA and Adjusted EBITDA Margin may be commonly viewed as non-IFRS measures in other contexts, pursuant to IFRS 8, Adjusted EBITDA and Adjusted EBITDA Margin are treated by dLocal as IFRS measures based on the manner in which dLocal utilizes these measures. See detailed methodology for Adjusted EBITDA and Adjusted EBITDA Margin in appendix. 3#4We continue to deliver disciplined profitable growth with LTM Adjusted EBITDA of $114M $18 1Q21 Adjusted EBITDA¹ ($M) and Adjusted EBITDA margin (%) evolution 84% YoY $33 1Q22 $52 LTM 1Q21 118% YoY $114 LTM 1Q22 d Note: 1 dLocal has only one operating segment. Although Adjusted EBITDA and Adjusted EBITDA Margin may be commonly viewed as non-IFRS measures in other contexts, pursuant to IFRS 8, Adjusted EBITDA and Adjusted EBITDA Margin are treated by dLocal as IFRS measures based on the manner in which dLocal utilizes these measures. See detailed methodology for Adjusted EBITDA and Adjusted EBITDA Margin in appendix. 4#5d. High growth across well diversified verticals 2Q22 TPV breakdown by vertical (%) Financial Services eLearning Advertising SaaS Travel Other Gaming $2.1B TPV Ride Hailing Streaming Commerce On-demand Delivery ● YOY TPV by vertical (x) Entertainment Consumption Mobility Services >1.7x > 5x > 2x > 1.8x 5 сл#6d. We continue to expand our footprint in emerging markets 37 COUNTRIES AS OF 1022 ● LATAM Argentina Bolivia Brazil • Colombia Costa Rica. Dominican Republic Ecuador • El Salvador Guatemala • Mexico • Panama Paraguay • Peru • Uruguay ● . . ● Chile Note: Map is a representation of our coverage and may not be geographically accurate. O Cameroon Egypt • Ghana • Ivory Coast Kenya Morocco. Nigeria Rwanda • Senegal • South Africa Tanzania Turkey • Uganda ● ● EMEA • 1022 Additions Bangladesh China • India. Indonesia Malaysia • Pakistan • Philippines Thailand Vietnam ● APAC ●#7d. Asia and Africa contributing Revenue by region - LatAm ($M) $36 All regions experiencing solid growth 11% to revenues 1Q21 Note: Unaudited quarterly results 116% YoY $78 1Q22 Revenue by region - Asia & Africa ($M) $4 1Q21 127% YoY $10 1Q22 7#8d. Committed to growing our business outside LatAm in emerging markets 460+ FTE +46% YoY AMERICAS m II H ★ 562 TOTAL FTE 1Q22 +54% YoY Note: Map is a representation of our coverage and may not be geographically accurate. C* Jacobo Singer President 100+ FTE +104% YoY EMEA & APAC 8#9d. Successful land-and-expand strategy across emerging markets 10+ NEW SIGNIFICANT MERCHANTS ONBOARDED IN 1Q22 Selected examples of merchant growth in Asia & Africa Note: Map is a representation of our coverage and may not be geographically accurate. LATAM South Africa # of merchants (1st years vs. 1Q22) 2020 = 4+ 1022= 10+ Nigeria # of merchants (1st years vs. 1Q22) 2020 = 5+ 1Q22= 10+ EMEA India # of merchants (1st years vs. 1Q22) 2018 = 5+ 1Q22 = Indonesia # of merchants (1st years vs. 1Q22) 2019 = 1+ 1Q22 = 15+ 55+ APAC 9#10d $926 1Q21 More than doubled TPV and revenue in 1Q22 TPV evolution ($M) $1,456 ■ Note: Unaudited quarterly results 127% YoY $1,812 $1,856 13% QoQ $2,104 2Q21 3Q21 4Q21 1Q22 $40 Revenue evolution ($M) $59 1 1Q21 2Q21 117% YoY $69 $76 15% QoQ $87 3Q21 4021 1Q22 10#11Existing and new merchants driving growth 190% NRR¹ $33 EXISTING MERCHANT REVENUE EVOLUTION ($M) $57 $40 1Q21 $40 1Q21 2Q21 Revenue composition ($M) $11 $36 Existing Merchants $69 $77 New Merchants $7 $19 1Q21 $87 2Q21 3Q21 4Q21 1Q22 Note: Unaudited quarterly results d 1 "NRR" means Net Revenue Retention rate, which is the U.S. dollar-based measure of retention and growth of our merchants. We calculate the NRR of a period by dividing the Current Period Revenue by the Prior Period Revenue. The Prior Period Revenue is the revenue billed by us to all our customers in the prior period. The Current Period Revenue is the revenue billed by us in the current period to the same customers included in the Prior Period Revenue. Current Period Revenue includes any upsells and cross sells of products, geographies, and payment methods to such merchant customers, and is net of any contractions or attrition, but excludes revenue from new customers onboarded in the last 12 months. 11 1Q22 NEW MERCHANT REVENUE EVOLUTION ($M) $12 $11 $8 3Q21 4Q21 1Q22#12$23 1021 Continuous expansion in gross profit and EBITDA Gross profit evolution ($M) 87% YoY $39 4Q21 12% QoQ $44 1Q22 Adj. EBITDA¹ ($M) and Adj. EBITDA margin (%) evolution 38% 44% $18 1Q21 38% 84% YoY $29 4Q21 13% QoQ $33 1Q22 Note: Unaudited quarterly results d ■ 1 dLocal has only one operating segment. Although Adjusted EBITDA and Adjusted EBITDA Margin may be commonly viewed as non-IFRS measures in other contexts, pursuant to IFRS 8, Adjusted EBITDA and Adjusted EBITDA Margin are treated by dLocal as IFRS measures based on the manner in which dLocal utilizes these measures. See detailed methodology for Adjusted EBITDA and Adjusted EBITDA Margin in appendix. 12#13Investment highlights d. We power a massive and expanding Emerging Markets ecosystem OÙ We are directly integrated with some of the world's biggest online 35 merchants in the world, driving very strong NRR and cohort performance We have built a scalable, single API technology infrastructure that makes the complex simple for merchants across Emerging Markets Our business model is well-diversified across industries and clients We are growing rapidly and profitably at scale € } 13#14d.local Thank you!#15d. APPENDIX 15#16d. What problems are we addressing? Complex and changing regulatory and tax frameworks 28/1877 Poor conversion and high fraud VIONIC NENAD TUPEES ₹५00 0092 0092 Multiple local payment methods with rising fragmentation 16#17d $29 1Q22 Operating Profit (IFRS) $19 1Q21 Operating Profit (IFRS) $2 D&A $1 D&A Financial highlights 1Q22 Adjusted EBITDA Bridge ($M) $2 $0 Stock-Based Compensation Impariment Gain / Losses on Financial Assets 1Q21 Adjusted EBITDA Bridge ($M) $1 $0 Stock-Based Compensation Impariment Gain / Losses on Financial Assets Note: Adjusted EBITDA excludes one-off expenses and non-cash items. Unaudited quarterly results. 1 Other Adjustments for 1022 includes secondary offerings expenses ($0.1M). 2 Other Adjustments for 1021 includes secondary offerings expenses ($0.7M), M&A transaction costs ($0.1M) and other operating loss/(gain) (-$2.9). $0 Other Adjustments -$2 Other Adjustments 1 2 $33 1Q22 Adjusted EBITDA (IFRS) $18 1021 Adjusted EBITDA (IFRS) 17#18d ■ Reconciliation of Profit to Adjusted EBITDA $ in thousands Profit for the period Income tax expense Other operating (gain)/loss Depreciation and amortization Secondary offering expenses¹ Transaction costs² Share-based payment charges Other charges, Net³ Adjusted EBITDA Three-month period ended March 31, 2022 26,273 1,213 1,723 89 2,034 1,524 32,856 2021 16,927 1,379 (2,896) 515 705 113 565 533 17,841 Note: Unaudited quarterly results. Although Adjusted EBITDA and Adjusted EBITDA Margin may be commonly viewed as non-IFRS measures in other contexts, pursuant to IFRS 8, Adjusted EBITDA and Adjusted EBITDA Margin are treated by dLocal as IFRS measures based on the manner in which dLocal utilizes these measures. Adjusted EBITDA as used by dLocal is defined as the profit from operations before financing and taxation for the year or period, as applicable, before depreciation of property, plant and equipment, amortization of right-of-use assets and intangible assets, and further excluding the changes in fair value of financial assets and derivative instruments carried at fair value through profit or loss, impairment gains/(losses) on financial assets, transaction costs, share- based payment non-cash charges, secondary offering expenses, transaction expenses and inflation adjustment. 1 Corresponds to expenses assumed by dLocal in relation to secondary offerings of its shares. 2 Corresponds to costs related to the acquisition of assets of PrimeiroPay. 3 Corresponds to other minor adjustments (full reconciliation in financial statements) 18