Financial Data and Key Metrics Changes - The company reported a record Q1 2022 with total processed volume (TPV) surpassing $2 billion for the first time, increasing by 127% year-over-year [8][29] - Revenue reached $87 million, representing a 117% increase compared to Q1 2021 [9][31] - Adjusted EBITDA grew 84% year-over-year to $33 million, with a margin of 38% [9][39] - Net revenue retention (NRR) was strong at 190% for Q1 2022 [9][35] Business Line Data and Key Metrics Changes - The company operates across more than 10 different verticals, with no single vertical accounting for more than 20% of TPV [12] - Consumption vertical saw the highest growth, increasing by over 5 times year-over-year, driven by on-demand delivery and commerce [15] - Mobility increased by more than 2 times year-over-year, while entertainment and services grew by over 1.5 times [15] Market Data and Key Metrics Changes - Revenue in Latin America increased by 116% year-over-year to $78 million, while revenues from Africa and Asia also grew by 127% year-over-year, representing 11% of total revenues [20] - Revenues from Asia and Africa were $10 million in Q1 2022, compared to $21 million for the full year 2021 [21] Company Strategy and Development Direction - The company aims to expand its business outside Latin America, adding countries like Ivory Coast and Rwanda to its infrastructure network [17] - The focus is on building a global footprint and diversifying geographic presence, particularly in Africa and Asia [22] - The company is committed to investing in technology and infrastructure to support long-term growth [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience despite global economic challenges, including high inflation and geopolitical tensions [7][9] - The company expects to maintain a net revenue retention rate above 150% for the full year 2022 [42] - Management emphasized the importance of disciplined growth and the ability to expand margins over the medium term [43] Other Important Information - The company added over 50 new payment methods in Asia and Africa during the quarter [24] - The workforce increased by 54% year-over-year, reaching 562 employees [23] Q&A Session Summary Question: Can you share some color on TPV mix dynamics this quarter? - Management indicated that both payins and payouts are experiencing healthy growth, with payins tripling year-over-year [46][50] Question: Regarding the EBITDA margins and investments in technology? - Management confirmed that they are heavily investing in technology and do not shy away from expenses in this area [49][50] Question: On the net revenue retention rate and its expected decline? - Management expects NRR to be closer to 150% in Q2 due to tougher comparisons from the previous year [53][58] Question: How do you see the health of your merchants amid global challenges? - Management noted that the company's diversified business model provides a strong hedge against downturns in specific verticals [54][56] Question: Can you clarify on revenue concentration among top merchants? - The concentration among the top 10 merchants has decreased from 62% to 52% [74] Question: What drove the financial losses this quarter? - Financial losses were attributed to currency appreciation in emerging markets, leading to accounting losses on U.S. dollar holdings [84][86] Question: Can you detail the new initiative called dLocal Go? - dLocal Go targets SMBs, aiming to facilitate easier onboarding and navigation for smaller merchants [90][92] Question: What types of capabilities are being considered for M&A? - The company is looking for M&A opportunities that are additive to its existing capabilities and can accelerate growth [95][98]

DLocal Limited Unaudited Consolidated Condensed Interim Financial Statements as of March 31, 2022 and for the three-month periods ended March 31, 2022 and 2021 Exhibit 99.2 DLocal Limited Consolidated Condensed Interim Statements of Comprehensive Income For the three-month periods ended March 31, 2022 and 2021 (All amounts in thousands of U.S. Dollars except share data or as otherwise indicated) | --- | --- | --- | --- | |-------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Financial Data and Key Metrics Changes - In 2021, total processed volume (TPV) surpassed $6 billion, increasing by 193% year-over-year [10] - Revenues reached $244 million, a 134% increase over 2020 [11] - Adjusted EBITDA grew 136% year-over-year to $99 million, with an adjusted EBITDA margin of 41% [12][76] - Net revenue retention (NRR) reached an all-time high of 219% for the year and 198% for Q4 2021 [11][70] Business Line Data and Key Metrics Changes - Pay-ins TPV grew 190% year-over-year in Q4 2021, while pay-outs experienced fluctuations due to marketing campaigns [64] - Revenues from existing merchants accounted for 119% of the total revenue growth, while new merchants contributed 15% [69] - The number of merchants on the platform increased from over 300 in 2020 to over 400 in 2021, with significant growth in high-volume merchants [27] Market Data and Key Metrics Changes - Latin America accounted for 92% of total revenues in 2021, with a 140% year-over-year increase [23] - Revenues from Asia and Africa grew by 86% year-over-year, indicating strong growth potential in these regions [23][24] - The company expanded its geographical presence by adding nine countries in 2021, bringing the total to 35 [21] Company Strategy and Development Direction - The company remains focused on building infrastructure to connect emerging markets with global merchants [8] - A land-and-expand strategy is being employed to drive organic growth and cross-sell to existing clients [38] - The company plans to pursue selective inorganic opportunities to accelerate growth vectors [43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2022, expecting continued strong growth despite potential external challenges [80] - The company does not foresee significant impacts from geopolitical factors, as it has limited exposure to affected regions [84] - Management anticipates maintaining a net revenue retention rate above 150% for 2022 [81][100] Other Important Information - The company has increased its workforce by 73% year-over-year, focusing on technology, product, and sales [60] - The average take rate decreased from 5% in 2020 to 4% in 2021, primarily due to changes in the business mix [67][35] - The company has launched new products and features, including Issuing as a Service and enhanced payment solutions [59][54] Q&A Session Summary Question: Impact of geopolitical scenario on business - Management indicated limited exposure to Ukraine and Russia, expecting no impact on 2022 results [84] Question: Details on the pipeline for 2022 - Management highlighted a strong pipeline for geographic expansion and new revenue, but did not provide specific revenue guidance for new clients [88] Question: Medium-term financial targets - Management plans to share insights at an upcoming Analyst Day but reiterated expectations for net retention and EBITDA margins [91] Question: Specific investments impacting margins - Investments will focus on technology, infrastructure, and expanding sales teams to support growth [93] Question: Expectations for pay-outs and marketing campaigns - Management remains bullish on pay-outs, expecting recovery and growth despite fluctuations [104] Question: FX impact on financials - FX movements are managed as a cost, with minimal impact on overall revenues [108] Question: Future revenue proportions from Asia and Africa - Management expects continued growth in Asia and Africa, but does not commit to specific revenue share targets [116]

DLocal Limited (NASDAQ:DLO) Q3 2021 Results Conference Call November 16, 2021 4:30 PM ET Company Participants Sumita Pandit - COO Sebastián Kanovich - CEO Diego Cabrera Canay - CFO Conference Call Participants Jorge Kuri - Morgan Stanley Jason Kupferberg - Bank of America Neha Agarwala - HSBC Tito Labarta - Goldman Sachs Domingos Falavina - JP Morgan Operator Thank you for standing by, and welcome to DLocal Limited Reports Third Quarter 2021 Financial Results Conference Call. At this time, all participants ...

Financial Data and Key Metrics Changes - Total Processed Volume (TPV) grew 319% year-over-year, reaching $1.5 billion in Q2 2021, marking the first time surpassing $1 billion in a single quarter [7][20] - Revenue in Q2 2021 increased to $59 million, representing 186% year-over-year growth and 46% quarter-over-quarter growth [8][33] - Adjusted EBITDA grew to $25.9 million, reflecting 213% year-over-year growth and maintaining a stable adjusted EBITDA margin of 44% [34][36] Business Line Data and Key Metrics Changes - The company onboarded over 10 new merchants in Q2 2021, with revenues from new clients reaching $19 million compared to $1 million in Q2 2020 [26][36] - The net revenue retention rate improved to 196% in Q2 2021, up from 186% in Q1 2021 [8][25] Market Data and Key Metrics Changes - The addressable e-commerce market in the countries served is estimated at $1.2 trillion, with $0.4 trillion in pay-ins expected to grow at a 27% annual growth rate [20] - The company processed $2.4 billion in TPV in the first half of 2021, which is 15% more than the total processed in the full year of 2020 [20] Company Strategy and Development Direction - The company focuses on three primary growth vectors: commercial efforts, product expansion, and geographic expansion [21][22] - The strategy includes enhancing product offerings and expanding into new markets, with recent additions of Vietnam, Malaysia, and Guatemala [22][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing growth trajectory, emphasizing the importance of adapting to changing consumer behaviors and market dynamics [9][12] - The company anticipates continued investment in growth, which may lead to a decrease in margins in the coming quarters [12][34] Other Important Information - The company has embraced a hybrid work model, allowing employees to work from various locations, which has been beneficial for its global operations [10] - The company launched an issuance-as-a-service product, which is expected to complement its existing offerings and create new revenue streams [17][60] Q&A Session Summary Question: What type of new merchants contributed to the $19 million growth? - Management clarified that the $19 million figure includes revenues from any new clients onboarded in the last 12 months, emphasizing the importance of ongoing value addition to retain and grow these relationships [42][43] Question: Is the net revenue retention rate expected to trend higher? - Management indicated that while the current rate is impressive, they expect it to stabilize around 150% to 160% in the medium term as cohorts mature [50][54] Question: How significant was the PrimeiroPay acquisition on current revenues? - Management confirmed that the revenues and TPV figures include contributions from PrimeiroPay, but the impact is not significant enough to alter overall performance metrics [56][57] Question: What is the outlook for margins in the coming quarters? - Management expects some margin compression due to ongoing investments in growth and the nature of contracts with large merchants, which may lead to lower pricing tiers as volumes increase [66][68] Question: How is the competitive landscape evolving? - Management acknowledged the competitive nature of the payments industry but expressed confidence in their unique positioning and advantages in emerging markets [72]