XP Inc. (NASDAQ:XP) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Andre Parize - Head, Investor Relations Thiago Maffra - Chief Executive Officer Bruno Constantino - Chief Financial Officer Conference Call Participants Thiago Batista - UBS Yuri Fernandes - JPMorgan Neha Agarwala - HSBC Mario Pierry - Bank of America Tito Labarta - Goldman Sachs Renato Meloni - Autonomous Jorge Kuri - Morgan Stanley Gabriel Gusan - Citi Andre Parize Good evening, everyone. I am Andre Pari ...

XP Inc. Consolidated fin a n c ia l s ta te m e n ts a t D e c e m b e r 3 1 , 2 0 2 3 a n d in d ep e n d e n t a u di t o r 's rep o rt E x hibit 9 9.1 Independent auditor's report To the Board of Directors and Stockholders XP Inc. Opinion We have audited the accompanying consolidated financial statements of XP Inc. (the "Company") and its subsidiaries, which comprise the consolidated balance sheet as at December 31, 2023 and the consolidated statements of income and of comprehensive income, of changes in ...

XP Inc. (NASDAQ:XP) Q3 2023 Earnings Conference Call November 13, 2023 5:00 PM ET Company Participants Antonio Guimaraes - Investor Relations Thiago Maffra - Chief Executive Officer Bruno Constantino - Chief Financial Officer Conference Call Participants Jorge Kuri - Morgan Stanley Mario Pierry - Bank of America Tito Labarta - Goldman Sachs Gabriel Gusan - Citi Eduardo Rosman - BTG Thiago Batista - UBS Neha Agarwala - HSBC Geoffrey Elliott - Autonomous Research Yuri Fernandes - JPMorgan Antonio Guimaraes Go ...

Exhibit 99.1 XP Inc. Interim condensed consolidated financial statements at September 30, 2023 and report on review Report on review of interim condensed consolidated financial statements To the Board of Directors and Shareholders XP Inc. Introduction We have reviewed the accompanying interim condensed consolidated balance sheets of XP Inc. and its subsidiaries ("Company") as at September 30, 2023 and the related interim condensed consolidated statements of income and comprehensive income for the quarter an ...

XP Inc. (NASDAQ:XP) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Antonio Guimarães - IR Thiago Maffra - CEO Bruno Constantino - CFO Conference Call Participants Geoffrey Elliott - Autonomous Eduardo Rosman - BTG Thiago Batista - UBS Tito Labarta - Goldman Sachs Neha Agarwala - HSBC Operator Antonio Guimarães Good evening, everyone. I'm Antonio Guimarães, Investor Relations in XP Inc. On behalf of the company, I'd like to thank you all for the interest and welcome you to o ...

2Q23 Earnings Presentation 1 Important Disclosure IN REVIEWING THE INFORMATION CONTAINED IN THIS PRESENTATION, YOU ARE AGREEING TO ABIDE BY THE TERMS OF THIS DISCLAIMER. THIS INFORMATION IS BEING MADE AVAILABLE TO EACH RECIPIENT SOLELY FOR ITS INFORMATION AND IS SUBJECT TO AMENDMENT. This presentation is prepared by XP Inc. (the "Company," "we" or "our"), is solely for informational purposes. This presentation does not constitute a prospectus and does not constitute an offer to sell or the solicitation of a ...

Exhibit 99.1 Report on review of interim condensed consolidated financial statements To the Board of Directors and Shareholders XP Inc. Introduction We have reviewed the accompanying interim condensed consolidated balance sheets of XP Inc. and its subsidiaries ("Company") as at June 30, 2023 and the related interim condensed consolidated statements of income and comprehensive income for the quarter and six-month period then ended, and the interim condensed consolidated statements of changes in equity and ca ...

XP Znc. Important Disclosure IN REVIEWING THE INFORMATION CONTAINED IN THIS PRESENTATION, YOU ARE AGREEING TO ABIDE BY THE TERMS OF THIS DISCLAIMER. THIS INFORMATION IS BEING MADE AVAILABLE TO EACH RECIPIENT SOLELY FOR ITS INFORMATION AND IS SUBJECT TO AMENDMENT. This presentation is prepared by XP Inc. (the "Company," "we" or "our"), is solely for informational purposes. This presentation does not constitute a prospectus and does not constitute an offer to sell or the solicitation of an offer to buy any se ...

Financial Data and Key Metrics Changes - The company's gross revenue expanded by 7% year-over-year, while EBT and net income grew by 14% and 8% year-over-year, respectively, excluding a one-time loss [6][39] - Total gross revenue for the quarter was BRL3.3 billion, flat quarter-over-quarter and up 2% year-over-year; excluding the one-time loss, total gross revenue was closer to BRL3.5 billion, reflecting a 5% growth quarter-over-quarter and 7% year-over-year [21][22] - The EBT margin increased nearly 300 basis points quarter-over-quarter to 26%, aligning with the near-term expectations included in the guidance range of 26% to 32% through 2025 [7][36] Business Line Data and Key Metrics Changes - Revenue from new verticals, which are less cyclical, grew 64% year-over-year, reaching BRL405 million [7][27] - Retail revenue represented 76% of total revenue, with core retail investments growing 6% quarter-over-quarter and 1% year-over-year [23][24] - In equities, revenues grew 7% quarter-over-quarter but declined 3% year-over-year; fixed income adjusted revenue grew 9% quarter-over-quarter and was flat year-over-year [25][26] Market Data and Key Metrics Changes - The company ended Q1 with BRL954 billion in client assets, with a net addition of 89,000 clients and 688 financial advertisers [5] - The company gained almost 400 basis points of market share since the beginning of 2020, currently holding 11% market share of individual investments and 8% including companies [11] Company Strategy and Development Direction - The company aims to leverage its platform and ecosystem to expand leadership in investments, targeting a market share of 20% to 25% in the long term [11][88] - The focus is on cross-selling additional products to current clients, with significant growth in new verticals contributing to overall revenue resilience [14][31] - The company is committed to maintaining a conservative balance sheet with strong liquidity, carrying excess capital of around BRL5 billion [9] Management's Comments on Operating Environment and Future Outlook - The macroeconomic outlook remains challenging, with high interest rates and corporate credit under pressure impacting capital markets [4][10] - Management expressed confidence in the company's ability to navigate through cycles and return cash to shareholders, with a similar payout ratio expected in 2023 [8][17] - The company anticipates that the current weak capital market activity is cyclical and expects to improve as conditions normalize [48][89] Other Important Information - The company returned approximately BRL1.8 billion through share buybacks in 2022, representing about 50% of net income [8] - The company has a strong focus on improving customer service and advisor training to maintain competitive advantages over traditional banks [15][16] Q&A Session Summary Question: On inflows and revenue outlook - Management noted that high-interest rates and uncertainty are causing investors to prefer low-risk investments, making it difficult to achieve past inflow levels [43] - The first quarter was considered weak in terms of capital market activity, but management believes revenue can improve as conditions stabilize [48] Question: On cost reductions and employee base - Management confirmed that reductions have been made across the company, focusing on efficiency gains and correcting over-hiring during the pandemic [59] Question: On NPS score decline - Management attributed the decline in NPS to competition from banks offering high returns on low-risk products, but expects to return to normalized levels as the investment cycle changes [61][62] Question: On credit card penetration and spending - Management indicated that credit card penetration could increase significantly, targeting levels similar to major banks, while average spending has decreased due to a shift towards lower-segment clients [72][74] Question: On IFA sentiment and market share - Management reported that the IFA business remains strong, with continued growth in new IFAs joining the platform, despite a challenging investment environment [84] - The company aims to increase market share through technology investments and improved services for high-net-worth clients [88][89]

Exhibit 99.1 1Q23 Earnings Release May 15, 2023 > XP Inc. Reports First Quarter 2023 Financial Results São Paulo, Brazil, May 15, 2023 – XP Inc. (NASDAQ: XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2023. Summary | Operating Metrics (unaudited) | 1Q23 | 1Q22 | YoY | 4Q22 | QoQ | | --- | --- | --- | --- | --- | --- | | Total Client Assets (in R$ b ...