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] 139,340 58,180 8,895 32,332 1,406 13,183 25,345 [A] 139,340 26,281 14,573 31,921 15,598 50,967 31,921 31,921 [B] Pension Funds 31,921 31,921 [A-B] 107,419 26,259 8,895 32,332 1,406 13,183 25,345 [A-B] 107,419 26,281 14,573 15,598 50,967 [C] Floating 15,598 14,192 1,406 [C] Floating 15,598 15,598 [A-B-C] 91,821 26,259 8,895 18,140 13,183 25,345 [A-B-C] 91,821 26,281 14,573 50,967 [D] Client Liquidity & Sov. Bonds Arb. 37,225 -754 8,895 18,140 10,944 [D] Client Liquidity & Sov. Bonds Arb. 37,225 26,281 10,944 Adjusted Assets [A-B-C-D] 54,596 27,012 2,239 25,345 Adjusted Liabilities & Equity [A-B-C-D] 54,596 3,630 50,967 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 into sovereign bonds targeting arbitrage ■ opportunities 22

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