Xp Inc. · NASDAQ:XP
Xp — Q2 2021 Earnings Presentation
7 slides from Xp's earnings presentation, Jul 16, 2021
Slide 1: Credit portfolio reached R$6.8 billion as of June 30, 2021
Our Credit portfolio reached R$6.8 billion as of June 30, 2021, a 43% Increase quarter-over-quarter. The duration of our credit book was 3.5 years , with a 90-day Non-Performing Loan (NPL) ratio of 0.0% . ¹This portfolio does not include Credit Card related loans and receivables Credit Card TPV (in
Slide 2: 2Q21 first full quarter since launching credit card
2Q21 was the first full quarter since officially launching our credit card. For the quarter, we generated R$2.1 billion of TPV (Total Purchased Value), a growth of 316% quarter-over-quarter, reinforcing the power of XP’s comprehensive platform.
Slide 3: Total AUC reached R$817 billion at June 30
Total AUC reached R$817 billion at June 30, up 88% year-over-year and 14% quarter-over-quarter. Year-over-year growth was driven by R$298 billion of net inflows and R$83 billion of market appreciation. Our growth reinforces the strength and resiliency of our business model, distribution capabilities
Slide 4: Net Inflows up 9% quarter-over-quarter and 159% year-over-year
Net Inflows were up 9% quarter-over-quarter , and 159% year-over-year . Flows were strong across all channels and brands, with over R$30 billion in inflows led by XP Private, awarded by Euromoney as Latin America’s best bank for wealth management 2021.
Slide 5: Active clients grew 33% year-over-year and 5% quarter-over-quarter
Active clients grew 33% and 5% in 2Q21 vs 2Q20 and 1Q21, respectively. Average monthly client additions decreased to 49,000 in 2Q21 from 72,000 in 1Q21, primarily reflecting slower activation at Clear, following lower market trading volumes, specifically futures. IFA Network Gross Additions
Slide 6: IFA Network gross additions totaled 1,198 in 2Q21
IFA Network gross additions totaled 1,198 in 2Q21, up 165% year-over-year and 31% quarter-over-quarter .
Slide 7: Retail DATs totaled 2.7 million; NPS of 76
¹Daily Average Trades, including Stocks, REITs, Options and Futures Retail DATs totaled 2.7 million in 2Q21, a decline of 18% on a sequential basis following a decline in B3 traded volume versus a strong 1Q21, when futures volumes reached record highs. Despite the intense volatility and activity dur