Nu Holdings Ltd. · NYSE:NU
Nu — Q4 2021 Earnings Presentation
20 slides from Nu's earnings presentation, Feb 22, 2022
Slide 1: Nu Holdings announces Q4'21 results
São Paulo – February 22, 2022 – Nu Holdings Ltd. (“Nu”, “Nu Holdings” or “the Company”) (NYSE: NU | B3: NUBR33), Nu, one of the world’s largest digital banking platforms and one of the leading technology companies globally, today reported its unaudited results for the fourth quarter and audited resu
Slide 2: Nu Holdings Reports Q4'21 Financial and Operating Results
Nu Holdings Reports Q4’21 Financial and Operating Results
Slide 3: Slide 3
Slide 4: Strategic Initiatives and Business Updates
Strategic Initiatives and Business Updates
Slide 5: Key Operating and Financial Metrics
Key Operating and Financial Metrics
Slide 6: Customers
Customers reached 53.9 million at year-end 2021, up 61.9% from year-end 2020. The base of SME customers almost tripled during 2021, growing from 0.5 million as of December 31, 2020 to 1.4 million as of December 31, 2021. Activity Rate increased 10.7 pp to 76.3% from 65.6% as of December 31, 2020, ma
Slide 7: Deposits
3 Deposits stood at $9.7 billion at year-end 2021, increasing 73.2% YoY, or 86.5% YoY on an FX neutral basis. Deposit expansion was mainly due to growth in Nu’s customer base. Fourth Quarter 2021 Results
Slide 8: Monthly Average Revenue per Active Customer (ARPAC)
Monthly Average Revenue per Active Customer (ARPAC) reached $5.6 in Q4'21, increasing 66.2% YoY or 71.8% YoY on an FX neutral basis, mostly driven by the maturation of Nu’s customer cohorts and the rollout of new products. For the year 2021, ARPAC was $4.5 , up 24.3% YoY, or 28.6% YoY on an FX Neutr
Slide 9: 4
4 Fourth Quarter 2021 Results
Slide 10: Consumer Finance note
5 Note: ‘Consumer Finance’ includes both credit card and personal loans balance. The information presented is for Brazil only. Source: Brazil’s Central Bank, Company data. Fourth Quarter 2021 Results
Slide 11: Revenue, Financial and Transactional Costs and Gross Profit
REVENUE, FINANCIAL AND TRANSACTIONAL COSTS AND GROSS PROFIT
Slide 12: Revenue
Revenue ($ million) Q4'21 Q4'20 FY'21 FY'20 6 Revenue totaled $635.9 million in Q4’21, increasing 214.0% YoY , or 224.3% YoY on an FX neutral basis. In 2021, Revenue was $1.7 billion , setting a record for the Company and representing increases of 130.4% YoY, or 138.0% YoY on an FX neutral basis. In
Slide 13: Transactional expenses and costs
7 During 2921, the evolution of Nu’s transactional expenses continued to benefit from cost reductions related to the growing adoption of PIX in Brazil, which is an instant payment platform that replaces more expensive bank slip payment processing methods, as well as from lower unit costs that stemme
Slide 14: Net Income (Loss) and Adjusted Net Income
9 Net Income (Loss) In Q4'21, Nu reported a Net Loss of $66.2 million , improving 38.2% YoY , or 36.2% YoY on an FX neutral basis, from the $107.1 million Net Loss in Q4'20. In 2021, Nu reported a $165.3 million Net Loss, improving 3.6% YoY , or 0.4% YoY on an FX neutral basis, compared to the $171.
Slide 15: Conference Call
Conference Call February 22, 2022 at 5:00 pm. ET (7:00 pm. BRT) Access details Click here to join on-line For more: investors nu
Slide 16: Glossary of terms
11 Activity rate - is defined as monthly active customers divided by the total number of customers as of a specific date. BDR - means Brazilian Depositary Receipt. CAC - means customer acquisition costs and consists of the following expenses: printing and shipping of a card, credit data costs (prima
Slide 17: Forward-looking statements
13 This release speaks at the date hereof and the Company is under no obligation to update or keep current the information contained in this release. Any information expressed herein is subject to change without notice. Any market or other third-party data included in this release has been obtained
Slide 18: Non-IFRS financial measures
14 This release includes financial measures defined as “non-IFRS financial measures” by the SEC, including: Adjusted Net Income (Loss) and certain FX Neutral measures and provides reconciliations to the most directly comparable IFRS financial measure. A non-IFRS financial measure is generally define
Slide 19: Profit or Loss statement
2021 2020 16 Profit or Loss For the years ended December 31, 2021 and 2020 (In thousands of U.S. Dollars, except loss per share) Interest income and gains (losses) on financial instruments 1,046,746 382,922 Fee and commission income 651,277 354,211 Total revenue 1,698,023 737,133 Interest and other
Slide 20: About Nu Holdings Ltd.
21 About Nu Holdings Ltd. Nu is one of the world’s largest digital banking platforms, serving around 54 million customers across Brazil, Mexico and Colombia. As one of the leading technology companies in the world, Nu leverages proprietary technologies and innovative business practices to create new