XP Inc Results Presentation Deck

Adjusted Net Income and Margin Net margin expansion driven by strong growth in Retail, operating leverage and a lower tax rate Adjusted Net Income (in R$ mn) Adjusted Net Margin 565 ■ 2Q20 29.4% +83% 1,034 Note: See appendix for a reconciliation of Adjusted Net Income. 2Q21 Highlights Adjusted Net Income grew 83% vs. 2Q20, explained by (1) strong growth in Retail Revenue, (2) operating leverage in SG&A and (3) a lower effective tax rate. 34.2% YOY Growth Across 2021 P&L Gross Revenue +57% Adjusted EBITDA Adjusted Net Income Operating leverage +77% Margin expansion YoY +463 bps Efficient Corporate Structure +83% XP Inc. +485 bps 14

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