dLocal Results Presentation Deck
Adjusted net income would have been $49M excluding accounting
non-cash items, mostly related to the Argentine bonds, and IFRS
inflation adjustment
Reconciliation from 3Q23 reported net income to adjusted net income ($M)¹
40
3
Net income Share-based
3Q23, as
payment
reported non-cash
charges
-3
Impairment
Inflation
loss/ (gain) adjustment
on financial
assets
-24
Fair value
(loss) / gains
of financial
assets at
FVTPL
27
-|
1
49
+8% QOQ
+41% YOY
Exchange Income tax Adjusted net
difference - adjustments income 3Q23
intercompany
loan in USD
d.
Note: ¹Adjusted Net Income is a non-IFRS financial measure. As used by dLocal Adjusted net income is defined as the profit for the period (net income) excluding impairment gains/(losses) on financial assets, transaction costs, share-based payment non-cash charges, secondary
offering expenses, and other operating (gain)/loss, in line with our Adjusted EBITDA calculation (see detailed methodology for Adjusted EBITDA in page 9). It further excludes the accounting non-cash charges related to the fair value gain from the Argentine dollar-linked bonds and
the exchange difference loss from the intercompany loan denominated in USD that we granted to our Argentine subsidiary to purchase the bonds. In addition, it excludes the inflation adjustment based on IFRS rules for hyperinflationary economies. We believe Adjusted Net Income
18
is a useful measure for understanding our results for operations while excluding for certain non-cash effects such as currency devaluation and inflation. Our calculation for Adjusted Net Income may differ from similarly-titled measures presented by other companies and should not
be considered in isolation or as a replacement for our measure of profit for the period as presented in accordance with IFRS. See detailed methodology for Adjusted Net Income in appendix.View entire presentation