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] 114,321 45,360 8,174 23,701 2,776 16,472 17,838 [A] 114,321 16,062 19,163 22,046 20,814 36,237 22,046 22,046 [B] Pension Funds 22,046 22,046 [A-B] [C] Floating [A-B-C] 92,276 23,315 8,174 23,701 2,776 16,472 17,838 [A-B] 92,276 16,062 19,163 20,814 36,237 20,814 18,038 2,776 [C] Floating 20,814 20,814 71,462 23,315 8,174 5,663 16,472 17,838 [A-B-C] 71,462 16,062 19,163 36,237 [D] Client Liquidity & Sov. Bonds Arb. 31,546 2,225 8,174 5,663 15,485 [D] Client Liquidity & Sov. Bonds Arb. 31,546 16,062 15,485 Adjusted Assets [A-B-C-D] 39,915 21,090 988 17,838 Adjusted Liabilities & Equity [A-B-C-D] 39,915 3,678 36,237 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 60 19

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