XP Inc Results Presentation Deck

Non-GAAP Financial Information Adjusted Assets (from the factors listed below) reflects our business more realistically Simplified Balance Sheet (in R$ mn) [B] Pension Funds Assets Total Securities - Fair Value through P&L Securities Repos Securities - Fair Value through OCI Securities - Trading & Intermediation Other Financial Instruments Other Assets Liabilities + Equity Total Securities - Repos Other Finan. Liab. Pension Funds Securities - Trading & Intermediation Other Liabilities & Equity [A] 121,750 62,855 6,741 21,629 3,184 15,503 11,838 [A] 121,750 44,483 16,269 16,897 20,399 23,703 16,897 16,897 [B] Pension Funds 16,897 16,897 [A-B] 104,854 45,959 6,741 21,629 3,184 15,503 11,838 [A-B] 104,854 44,483 16,269 20,399 23,703 [C] Floating 20,399 17,214 3,184 [C] Floating 20,399 20,399 [A-B-C] 84,455 45,959 6,741 4,415 15,503 11,838 [A-B-C] 84,455 44,483 16,269 I I 23,703 [D] Client Liquidity & Sov. Bonds Arb. 58,047 33,327 6,741 4,415 13,564 [D] Client Liquidity & Sov. Bonds Arb. 58,047 44,483 13,564 Adjusted Assets [A-B-C-D] 26,409 12,632 1,939 11,838 Adjusted Liabilities & Equity [A-B-C-D] 26,409 2,706 23,703 XP nc. Key factors inflating our balance sheet [B] Pension Funds ▪ AUM from XP Vida & Previdência is accounted in both assets and liabilities [C] Floating ▪ Uninvested cash from clients allocated in sovereign bonds [D] Client Liquidity & Sovereign Bonds arbitrage ■ Providing liquidity to clients with derivatives ▪ Money market funding (repos mostly) allocated into sovereign bonds targeting arbitrage opportunities 23

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