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]
129,735
53,432
7,871
28,566
1,065
16,329
22,472
[A]
129,735
24,234
16,588
26,711
19,635
42,567
26,711
26,711
[B] Pension
Funds
26,711
26,711
[A-B]
103,024
26,721
7,871
28,566
1,065
16,329
22,472
[A-B]
92,276
24,234
16,588
19,635
42,567
[C] Floating
19,635
18,570
1,065
[C] Floating
19,635
19,635
[A-B-C]
83,389
26,721
7,871
9,996
16,329
22,472
[A-B-C]
71,462
24,234
16,588
42,567
[D] Client
Liquidity &
Sov. Bonds
Arb.
39,706
6,368
7,871
9,996
15,471
[D] Client
Liquidity &
Sov. Bonds
Arb.
39,706
24,234
15,471
Adjusted
Assets
[A-B-C-D]
43,683
20,354
858
22,472
Adjusted
Liabilities &
Equity
[A-B-C-D]
43,683
1,117
42,567
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
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