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]
170,276
67,521
4,812
36,183
3,149
26,734
31,878
[A]
170,276
30,534
24,714
39,102
15,272
60,655
39,102
39,102
[B] Pension
Funds
39,102
39,102
[A-B]
131,175
28,419
4,812
36,183
3,149
26,734
31,878
[A-B]
131,175
30,534
24,714
15,272
60,655
[C] Floating
15,272
12,123
3,149
[C] Floating
15,272
15,272
[A-B-C]
115,903
28,419
4,812
24,059
26,734
31,878
[A-B-C]
115,903
30,534
24,714
60,655
[D] Client
Liquidity &
Sov. Bonds
Arb.
49,091
1,663
4,812
24,059
18,556
[D] Client
Liquidity &
Sov. Bonds
Arb.
49,091
30,534
18,556
Adjusted
Assets
[A-B-C-D]
66,812
26,756
8,178
31,878
Adjusted
Liabilities &
Equity
[A-B-C-D]
66,812
6,158
60,655
Key factors inflating our balance sheet
XP Inc.
[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
sovereign bonds targeting arbitrage
into
■
opportunities
co
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