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] 163,093 64,600 6,061 33,604 2,489 27,820 28,518 [A] 163,093 24,132 28,755 36,207 18,313 55,687 36,207 36,207 [B] Pension Funds 36,207 36,207 [A-B] 126,886 28,393 6,061 33,604 2,489 27,820 28,518 [A-B] 126,886 24,132 28,755 18,313 55,687 [C] Floating 18,313 15,824 2,489 [C] Floating 18,313 18,313 [A-B-C] 108,573 28,393 6,061 17,780 27,820 28,518 [A-B-C] 108,573 24,132 28,755 55,687 [D] Client Liquidity & Sov. Bonds Arb. 45,574 290 6,061 17,780 21,442 [D] Client Liquidity & Sov. Bonds Arb. 45,574 24,132 21,442 Adjusted Assets [A-B-C-D] 63,000 28,102 6,379 28,518 Adjusted Liabilities & Equity [A-B-C-D] 63,000 7,313 55,687 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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