dLocal Results Presentation Deck
d
■
$ 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)
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