XP Inc Results Presentation Deck

Adjusted EBITDA and Adjusted Net Income Higher SG&A due to New Verticals and Internal Advisors Adjusted EBITDA¹ (in R$ mn) % Adj EBITDA Margin 1,245 2Q21 41.3% -2% 1,191 1Q22 38.2% 1,215 (1) See Company fillings for a reconciliation of Adjusted Net Income and Adjusted EBITDA. 2Q22 35.4% Highlights ▪ Adjusted EBITDA decreased 2% YoY, driven mainly by higher relative SG&A expenses due to our investments in new verticals and internal advisors Adjusted Net Income¹ (in R$ mn) % Adj Net Margin 1,034 2Q21 34.2% +1% 987 1Q22 31.6% 1,046 2Q22 30.5% XP Inc. Highlights ▪ Adjusted Net Income grew 1% YoY, in connection with the factors explained in the Adjusted EBITDA and a lower normalized effective tax rate 12

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