XP Inc Results Presentation Deck

Institutional and Issuer Services Institutional Revenue (in R$ mn) 294 1Q21 +86% 326 4Q21 548 1Q22 Highlights ▪ Market volatility boosted overall volumes in trading desks, mainly the ones related to derivatives ▪ Leadership in Retail secondary markets allows for greater synergies with Institutional flow within our ecosystem Issuer Services Revenue (in R$ mn) 234 1Q21 -48% 270 4Q21 121 1Q22 XP Inc. Highlights ▪ Main driver for the 48% YoY decrease in 1022 was a weaker industry activity in the quarter, mainly in the first two months, across both ECM and DCM ▪ Pent-up demand with a robust pipeline for the upcoming quarters 17

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