#1d.local Q4 & FY 2021 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#3FY21 4Q21 2021: A Record Year SCALE $6.0B TPV 193% YoY Growth $1.9B TPV 145% YoY Growth GROWTH $244.1M REVENUES 134% YoY Growth $76.3M REVENUES 120% YoY Growth RETENTION 219% NET RETENTION RATE 198% NET RETENTION RATE PROFITABILITY 41% ADJUSTED EBITDA MARGIN¹ 38% ADJUSTED EBITDA MARGIN¹ 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 Adj. EBITDA and Adjusted EBITDA Margin in appendix. 3#4d. Strong Growth With Continuous Opportunities to Grow with our Existing Merchants $1,288 2019 TPV ($M) $2,065 2020 193% YoY $6,049 2021 MailChimp wish S shopify Selected Merchants Rappi d. deel. KUAISHOU Microsoft Dropbox 4#5d. Powering Diverse High-Growth Verticals... Commerce Travel Streaming Financial Services eLearning Gaming Ride Hailing On-demand Delivery SaaS Advertising BITCOIN ETHEREUM XRP BITCOIN CASH LODIAL VER TIS ING DINANCE COIN $10,562.99 1.91% $178.16 0.26% $0.260029 0.07% $298.61 0.94% $67.89 0.89% Crypto 5#6Argentina d. Brazil Chile China Colombia Mexico Uruguay C+ Turkey 2016 Peru 2017 ...Across 35 Emerging Markets Morocco € India Paraguay 2018 Indonesia Ecuador South Africa 1 Nigeria 2019 Bolivia Ghana Panama Bangladesh Egypt Philippines Cameroon Kenya Costa Rica Senegal 2020 DR Vietnam Malaysia Tanzania C Pakistan Thailand 2021 El Salvador Q4 ADDITIONS Guatemala Uganda 10#7d. Revenue by Region - LatAm ($M) 92% $51 2019 High Growth Across All Regions 89% $93 2020 140% YoY % of Total Revenue 92% $223 2021 Revenue by Region - Asia & Africa ($M) 8% $4 2019 11% $11 2020 86% YoY % of Total Revenue 8% $21 2021 7#8d. 2019 2020 2021 New Merchants Increasing Diversification. # of Merchants Total Merchants 190+ 300+ 400+ Core Merchants¹ 90+ 150+ 240+ Note: ¹Core merchants consider merchants that during that year surpassed the US$100k TPV threshold. Revenue Concentration (% Revenue) 27% 73% 2018 Top 10 Clients 30% 70% 2019 Other 36% 64% 2020 44% 56% 2021 8#9Each cohort is driving solid TPV growth '18 and '20 vintages experienced the highest YoY growth rates Cohorts with consistently higher starting points $260 $56 $297 d. $36 All Cohorts Driving Profitable Growth 1 TPV by Cohort¹ ($M) $2,116 $548 $158 2 2018 $954 $386 2019 3 -2020 $2,514 4 Note: ¹Each cohort includes all merchants that began processing TPV in each period, regardless of volume of TPV processed. -2021 2021 Take Rate Performance by Cohort 2021 average take rate of 4% (versus 5% in 2020) Minimal variation in each cohort's take-rate during the year Different cohorts have different pricing points 2021 cohort has a higher take rate than the 2021 average Cohort 2018 2019 2020 YOY Variation (p.p.) -0.2 p.p. -0.2 p.p. +0.1 p.p 9#10d. Vectors of Future Growth Commercial Efforts Kl Organic Account New growth management clients Geographies P Enhance presence Enter new countries Products Enhance portfolio Develop new solutions Inorganic Initiatives 10#11d 4 2018 Consistently Improving Merchant Engagement Avg. # of Countries per Merchant LO 5 2019 6 2020 7 2021 Note: Yearly figures consider merchants that during that year surpassed for the US$6M TPV threshold. Avg. # of Payment Methods per Merchant 29 2018 35 2019 44 2020 67 2021 11#12d Ramping-up Our Existing and New Clients Pipeline EXISTING CLIENTS NEW CLIENTS Ride Hailing # of Opportunities in our Sales Funnel Pre-IPO (Mar-21) Illustrative industries 60+ 350+ Advertising Travel +3x +2x Streaming As of 2022 190+ 640+ 8 Gaming SaaS Note: For existing clients, includes all existing clients for which dLocal is at different stages of expansion to new markets, products, or payment methods. ABC E-Learning Go live Financial institutions Pricing proposal © Crypto 12#13Enhanced Product Portfolio Enhanced our pay-in solution New cards and APMs integrations for processing redundancy, capability enhancements and global expansion Deepen our integration within Pix system in Brazil Network Tokenization E-mandate/Subscriptions management in India TaxManager: enhanced tax handling by country and payment method Increased card and APMs acceptance rates, with better Smart Routing, Chaining, and UX improvements through rigorous A/B testing d. I Enhanced our pay-out solution Expanded Instant Payout offering in more countries Enhanced logics and automations to overcome local rail's processing limitations Added direct connections with new partners/ banks for processing redundancy, capability enhancements and global expansion 13#14Defense Suite launched Broaden Product Portfolio Improved our fraud and data capabilities d. Improved fraud prevention capabilities through: New Machine Learning models New API enhancements Device ID and fingerprinting Authentication through 3DS 2.0 and beyond Launched Issuing-as-a-Service Enable merchants to issue prepaid virtual or physical cards, with spend and payment controls and account management B2B initiative focused on our merchants (no credit exposure), no direct issuing to end consumers Partner with local banks as issuers 14#15Our Ability to Hire Professionals with Diverse Backgrounds Worldwide is a Key Competitive Advantage FTE Evolution (#) We continue to invest in hiring top talent for Tech & Product and S&M to our team d. 73% YoY 117 202 2020 2021 Technology & Product¹ 38 118% YoY 83 2020 2021 Sales & Marketing 155 61% YoY 250 2021 2020 Operations & Corporate 535 FTE in 2021 (+73% YoY) We have a wide talent pool We hire anywhere in the world As of 2021YE, we had employees with diverse nationalities 30+ nationalities 1 Note: FTE includes employees and contractors. ¹ The total engineers or technology-related roles for 2021 represented 44% of total FTES, including those outside of Technology & Product team. 15#16d. FINANCIAL HIGHLIGHTS 16#17d. $1,288 2019 $2,065 2020 TPV Almost Tripled in 2021 193% YoY $6,049 2021 TPV ($M) $757 4Q20 145% YoY $1,856 4Q21 Continued growth of our TPV across most verticals, particularly in ride hailing, streaming, advertising, SaaS, on-demand delivery and commerce 17#18d. Pay-ins TPV Pay-outs TPV $1,209 2020 $856 2020 242% YoY Strong and Steady Growth in Pay-Ins; Short-term Fluctuations in Pay-Outs Pay-Ins and Pay-Outs TPV ($M) 124% YoY $4,131 2021 $1,917 2021 1Q20 2Q20 3Q20 4Q20 1Q21 190% YoY 2Q21 64% YoY 1 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 3Q21 4Q21 18#19d. $55 2019 Triple-Digit-Growth in Revenue $104 2020 134% YoY $244 2021 Revenue ($M) Note: Audited results for the years ended December 31, 2021, December 31, 2020, and December 31, 2019. $35 4Q20 120% YoY $76 4Q21 19#20$104 2020 Existing and New Merchants Driving Growth 219% NRR¹ $124 $16 Existing New Merchants Merchants Revenue Composition ($M) $244 2021 $35 4Q20 198% NRR¹ $34 $8 Existing New Merchants Merchants $76 4Q21 Existing Merchants: Revenues from merchants that we already processed in the same period of the previous year. New Merchants: Revenues from merchants onboarded during the last twelve months. This is a rolling measure for each new quarter, based on merchants' classification (new vs. existing) d Note: 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. 20#21d. $36 2019 Gross Profit Continues to Grow at Sound Rates $60 2020 117% YoY $130 2021 Gross Profit ($M) Note: Audited results for the years ended December 31, 2021, December 31, 2020, and December 31, 2019. $21 4020 88% YoY $39 4Q21 21#22Maintained Strong Margins Amid Continue Investing in Growth 36% $20 2019 Adjusted EBITDA¹ ($M) and Adjusted EBITDA Margin (%) 40% $42 2020 136% YoY 41% $99 2021 39% $14 4Q20 112% YoY 38% $29 4Q21 Note: Note: Audited results for the years ended December 31, 2021, December 31, 2020, and December 31, 2019. d 1 dLocal has only one operating segment. Although Adj. EBITDA and Adj. 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 Adj. EBITDA and Adjusted EBITDA Margin in appendix. 22#23d. CLOSING REMARKS 23#24d. 0000 3335 Investment Highlights We power a massive and expanding Emerging Markets ecosystem We are directly integrated with some of the biggest online merchants in the world, driving very strong net revenue retention and strong 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 24#25d.local Thank you!#26d. APPENDIX 26#27d. 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 27#28$25 4Q21 Operating Profit (IFRS) $22 3Q21 Operating Profit (IFRS) $2 D&A $1 D&A Financial Highlights 4Q21 Adjusted EBITDA Bridge ($M) $2 Stock-Based Compensation Impariment Gain / Losses on Financial Assets 3Q21 Adjusted EBITDA Bridge ($M) $3 $0 d Note: Adjusted EBITDA excludes one-off expenses and non-cash items. Unaudited results for the quarter ended September 30, 2021. 1 Other Adjustments for 4Q21 includes secondary offerings expenses ($0.7M) and M&A transaction costs ($0.02M). 2 Other Adjustments for 3Q21 includes secondary offerings expenses ($0.7M) and M&A transaction costs ($0.2M). $0 Stock-Based Compensation Impariment Gain / Losses on Financial Assets $1 Other Adjustments $1 1 Other Adjustments 2 $29 4021 Adjusted EBITDA (IFRS) $26 3Q21 Adjusted EBITDA (IFRS) 28#29d ■ $ in thousands Reconciliation of Adjusted EBITDA to Profit 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 December 31, Twelve-month period ended December 31, 2021 77,853 7,647 (2,896) 4,747 5,158 2021 23,549 2,114 1,507 716 22 2,236 (1,072) 29,072 2020 11,601 1,000 65 248 453 158 256 (100) 13,681 687 7,590 (1,629) 99,157 2020 28,187 3,231 2,896 992 453 158 7,295 (1,281) 41,931 Note: Although Adj. EBITDA and Adj. 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) 29