dLocal Results Presentation Deck
Diluted
EPS¹
32
3Q22
0.10
Net income +25 YOY, QoQ decline driven by net financial results
Net income evolution ($M)
19
4Q22
0.06
35
1Q23
0.11
45
-10% QOQ
+25% YOY
2Q23
0.15
40
3Q23
0.13
44.8
3.5
Net income Adjusted
2Q23
EBITDA
2.5
Net income bridge QoQ ($M)
-0.4
-1.9
Impairment Depreciation Share-based
loss/ (gain)
and
on financi amortization
assets 2
payment
non-cash
charges
-5.9
Net financial
results
-2.2
Inflation
adjustment
-0.1
Income tax
expense
d.
Note: ¹Our diluted earnings per share is calculated by dividing the profit attributable to owners of the group of dLocal by the weighted average number of common shares outstanding during the period plus the weighted average number of common shares that would be issued on
conversion of all dilutive potential common shares into common shares. During 2022, the Company utilized FTX Trading Ltd. ("FTX") services for the repatriation of funds from one country. On November 11, 2022, when FTX filed for Chapter 11 bankruptcy in the United States, the
Company had deposits of USD 5,576, whose withdrawals had not been processed by FTX. Such deposits were included in the loss allowance. As of September 30, 2023 and December 31, 2022, the Group does not hold any positions in crypto assets." During the three months
ending September 2023, the Group reassessed the recovery probability of its deposits based on negotiations with third parties that are willing to acquire them and publicly available information. Thus, the Group recognized a gain of USD 2,509 as result of the reversion of the loss
allowance for the period ending September 30, 2023. ³During Q3 2023 we recognized a fair value gain of US$ 24.2 million (US$ 3.6 million in Q2 2023) from the Argentine dollar-linked bonds and an exchange difference loss of US$ 27.4 million (-US$ 1.8 million in Q2 2023) from the
intercompany loan denominated in USD that we granted to our Argentine subsidiary to purchase the bonds.
40.4
Net income
3Q23
17View entire presentation