XP Inc Results Presentation Deck

Non-GAAP Financial Information Normalized Effective Tax Rate reconciliation (in R$ mn) Accounting ETR [A] EBT [B] Income tax ETR A/B Normalized ETR [c] Tax witholding [A+C] Tax equivalent EBT [B-C] Normalized tax expense Normalized ETR 1Q21 2Q21 3Q21 784 (50) -6.4% -7.1% 1,002 908 (71) 28 3.1% 105 126 179 889 1,128 1,087 (155) (197) (150) -17.4% -17.5% -13.8% PART OF OUR REVENUE IS RECOGNIZED NET OF TAXES. XP Inc. 13

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