Slide 1: Form 6-K cover page
United States Securities and Exchange Commission Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 132-02847 INTER & Co, INC. (Exact name of registrant as
Slide 2: 4Q24 Institutional Presentation February 2025
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 4Q24 Institutional Presentation February 2025
Slide 3: Disclaimer
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Disclaimer This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs,
Slide 4: Inter&Co's 2024 highlights
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 18.6 20.7 22.8 24.7 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 1 0. 1 5.0 2 0. 2 5.0 3 0. 3 5.0 Inter&Co’s 2024 highlights 3Note: Definitions are in the Glossary section of this Earnings Presentation. Net Income Total Clients 60/30/30 R$973mm
Slide 5: Agenda
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 4 Agenda 1.Company Overview 2.Business Update 3.Financial Performance 4Q24 Institutional Presentation
Slide 6: Our journey
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 1994 Intermedium Financeira foundation 2007 Beginning of Real Estate loans operations 2008 Granting of multiple bank License 2012 Inter Seguros Foundation 2013 Inter DTVM Foundation 2015 Digital Account Launch 2016 Beginning of foreign exch
Slide 7: How we disrupted the market
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 How we disrupted the market Credit Card Banking Account Trading & Investments Multiple Apps Branch-Based Distribution High Distribution Costs Travel Costs To Costumers Long Waiting Lines Substantial Carbon Emissions Overcharged Customers Ba
Slide 8: How we combine innovation and traditional bank strengths
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 How we combine innovation and traditional bank strengths Empower people to manage their finances & daily activities A powerful platform uniquely positioned in the market Mission Vision 7 Traditional Banks + Tech Companies = Full Banking Lic
Slide 9: A strong and complete financial super app
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 8 A strong and complete financial super app with 7 verticals… CREDITBANKING INSURANCEINVESTMENTS GLOBALLOYALTYSHOPPING ATTRACTING clients & funding INCREASING monetization & activation GROWING market share
Slide 10: Powerful network effects to drive growth and profitability
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 9 … generating a powerful network effects to drive growth & profitability
Slide 11: Active Clients per Products
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Active Clients per Products In millions 10Note 1: Existing products before 1Q19, however the actual number of active clients starts only from 1Q20 in order to fit the graph. Note 2: Excluding clients that has only “CDB Meu Porquinho” linked
Slide 12: Market Share
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Market Share In % 7. 8% 5. 9% 1. 9% 6. 1% 2. 9% 2. 3% 3. 2% 1. 0% 0. 8% 11 2.4% 8.3% 8.0% 7.9% 3.8%4.0% 2.6% 1.1% 0.9% + 51 bp s + 55 bp s + 21 2 b p s + 17 9 b p s + 80 bp s + 83 bp s + 21 bp s + 15 bp s + 7 b p s We are consistently reach
Slide 13: Significant growth potential in market share and penetration
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Total Individuals with Banking Accounts1 200 mm Total PIX Transactions3 16.0 bn Total Cards Volume6 1,036 bn Total Business9 22.0 mm Total Payroll Portfolio12 676 bn Total CC Portfolio15 595 bn Total FGTS Portfolio18 ~76 bn Total HE PF Port
Slide 14: The plan, our 5-year north star
13 I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 ~60 ~30 ~30 Million clients From 12.6MM in Dec. 2022 Efficiency Ratio From 72% in Dec. 2022 ROE From 1% in Dec. 2022 The plan, our 5-year north star 13 From 2022 to 2027 =Revenue Growth Cost Efficiencies Profit Generation+
Slide 15: How's the execution so far
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Total Clients What we achieved so far 4Q24 Our 5-year north star By 2027 Where we started Year 5 O pe ra ti o na l Efficiency Ratio Pe rf o rm an ce Return on Equity Pr o fit ab ili ty Note: Definitions are in the Glossary section of this I
Slide 16: A strong team that's ready to deliver the plan
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Guilherme Ximenes Chief Information Officer A strong team that's ready to deliver the plan Marco Antonio Araújo Global Chief Legal Officer Thais Lemos People & Culture Officer Antônio Cassio Segura International Business Officer Rodrigo Teo
Slide 17: Using technology as the bedrock of everything we do
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Using technology as the bedrock of everything we do 16 Acceleration Data-Based Business Model Providing Deeper and Faster Insights Focus Combining Growth And Profitability Driven By Cost Efficiency Scalability Highly Scalable and Extensible
Slide 18: Stock overview: ownership & performance
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 17 Stock overview: ownership & performance Costellis International Class B: 117,037,105 (26.63%) Softbank (SBLA Holding) Class A: 64,506,636 (14.68%) Hottaire International Class A: 16,500,000 (3.75%) Note: As of December 30th, 2024. Free F
Slide 19: Agenda
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 18 Agenda 1.Company Overview 2.Business Update 3.Financial Performance 4Q24 Institutional Presentation
Slide 20: Accelerating client acquisition and improving the activity rate
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 +21% YoY 19 Total Clients 51.0% 51.5% 52.2% 52.7% 54.0% 54.9% 55.3% 55.9% 56.9% 12.6 13.5 14.5 15.5 16.4 17.4 18.4 19.5 20.6 24.7 26.3 27.8 29.4 30.4 31.7 33.3 34.9 36.1 - 5 .0 1 0. 1 5.0 2 0. 2 5.0 3 0. 3 5.0 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 21: Banking: Robust growth in TPV improving across cohorts
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Banking Cards + PIX TPV per Active Client In R$ thousand, monthly Cards + PIX TPV1 In R$ billions Note: Definitions are in the Glossary section of this Institutional Presentation. Note 1: Scale of PIX volume was reduced to fit on page. 20 %
Slide 22: Credit: evolving the Consumer Finance 2.0 portfolio
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Gamified journey Fast & intuitive Increase engagement Generate cross-sell ~1mm engaged clients 21 Credit Consumer Finance 2.0 Portfolio1 In R$ millions PIX Financing Buy Now Pay Later 175 330 503 695 1Q24 2Q24 3Q24 4Q24 +192mm Overdraft Lev
Slide 23: Investments: offering a wide range of products
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 R$19bn Inter Asset 22 Assets Under Custody Active Clients AuC & Active Clients In R$ billions and millions R$4.5bn Piggy Bank1 AuC 92 95 105 122 141 4.7 5.3 5.7 6.3 6.8 50.0 70.0 90.0 110.0 130.0 150.0 4Q23 1Q24 2Q24 3Q24 4Q24 Investments:
Slide 24: Insurance: reinforcing the power of our platform
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 23 Insurance Policies Sold Active Contracts Sales and Contracts In thousands and millions Insurance: reinforcing the power of our platform Note: Definitions are in the Glossary section of this Institutional Presentation. 389 404 1,023 1,308
Slide 25: Shopping: driving engagement and monetization
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 GMV and Net Revenue In R$ millions 3,985 3,504 4,980 2022 2023 2024 29.6 33.7 33.8 53.0 58.3 -10 0 10 20 30 40 50 60 70 180 255 322 0 50 100 150 200 25 0 300 35 0 1,050 994 1,136 1,381 1,469 4Q23 1Q24 2Q24 3Q24 4Q24 GMV Net revenue YoY +97%
Slide 26: Global: replicating the success of our platform abroad
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 +8% FX Transactions Market Share mm Global Clients 3.9 +79%YoY ~BRL 130 mm Global Card TPV 4Q24 Assets under Custody & Management1 Deposit Balance2 Total Global: replicating the success of our platform abroad 25 Global 121 123 154 171 184 2
Slide 27: Loyalty: seizing cross-selling opportunities
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Loyalty Note: Definitions are in the Glossary section of this Institutional Presentation. Note 1: Burned points are points redeemed by customers and exchanged for Loop benefits. Loyalty: seizing cross-selling opportunities Clients In millio
Slide 28: Agenda
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 27 Agenda 1.Company Overview 2.Business Update 3.Financial Performance 4Q24 Institutional Presentation
Slide 29: Gross Loan Portfolio
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 28Note: Definitions are in the Glossary section of this Institutional Presentation. Note 1: Personal includes payroll deductible loans, overdraft, credit card renegotiations and other loans, excluding FGTS. Note 2: Home Equity includes both
Slide 30: Loan portfolio by product and RWA weights
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 12% 12% 31% 25%4 13% 9% R$ 4.3 Bn Δ -0.3 bn -6% R$ 3.0 Bn Δ +1.1 bn 56% R$ 3.4 Bn Δ +1.1 bn 52% R$ 11.8 Bn Δ +2.3 bn 25% R$ 7.8 Bn Δ +1.5 bn 24% R$ 5.2 Bn Δ +0.1bn 0.2% 29Note 1: Home Equity includes both business and individuals’ portfolio
Slide 31: NPL and Stage 3 formation
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 3 4 5 6 7 8 9 10 11 12 NPL > 90 days1 In % Credit Cards NPL > 90 Days per Cohort2 In % NPL 15 to 90 days1 In % NPL and Stage 3 Formation In % Note: Definitions are in the Glossary section of this Institutional Presentation. Note 1: Consider
Slide 32: Stable cost of risk and robust coverage ratio
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Coverage Ratio2 In % Cost of Risk1 In % 31 5.2% 5.2% 5.0% 5.1% 5.0% 2 .0 % 3 .0 % 4 .0 % 5 .0 % 6 .0 % 7 .0 % 8 .0 % 4Q23 1Q24 2Q24 3Q24 4Q24 134% 133% 130% 130% 136% 0 .0 % 2 0. 0% 4 0. 0% 6 0. 0% 8 0. 0% 10 0 .0 % 12 0 .0 % 14 0 .0 % 16 0
Slide 33: Funding & Funding per Active Client
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 32 QoQ YoY +4% +6% Deposits per Active Client -0.9 p.p. +3.5 p.p. Loans to Deposits Ratio +10% +27% Total +11% -3% Other +9% +22% Securities Issued +9% +41% Time Deposits +11% +22% Transactional Deposits 11.6; 36% 11.0; 33% 11.7; 33% 12.3;
Slide 34: Low cost of funding as a strong competitive edge
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Avg. CDI of Quarter Cost of Funding Cost of Funding as % of CDI Cost of Funding1 In %, annualized Note: Definitions are in the Glossary section of this Institutional Presentation. Note 1: Average CDI daily rate during the quarter. 1 33 Low
Slide 35: Consistent growth across our diversified revenue streams
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 34Note: Definitions are in the Glossary section of this Institutional Presentation. 675 67% 712 69% 802 70% 819 65% 876 67% 971 69% 1,030 70% 1,135 68% 1,247 68% 327 33% 313 31% 348 30% 447 35% 437 33% 430 31% 449 30% 541 32% 597 32% 1,002
Slide 36: ARPAC and CTS Evolution
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 ARPAC and CTS Evolution In R$, monthly Maximizing value through economies of scale and client monetization 35 Strong ARPAC trends 13.5 14.9 17.1 17.9 17.7 18.5 19.2 19.9 20.6 30.6 28.8 29.6 30.5 30.2 30.1 30.4 32.5 33.6 17.1 13.8 12.5 12.7
Slide 37: Sequential improvements in NIM
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Sequential improvements in NIM Risk-Adjusted NIM 1.0 36 7.2% 7.4% 8.1% 7.8% 7.6% 7.8% 7.8% 8.1% 8.3% 8.4% 8.7% 9.5% 9.2% 9.0% 9.2% 9.2% 9.6% 9.7% 5.1% 4.4% 4.8% 4.6% 5.0% 5.3% 5.5% 5.6% 5.9% 4.4% 3.8% 4.1% 3.9% 4.3% 4.5% 4.6% 4.8% 5.0% 3. 0
Slide 38: Expenses Breakdown
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Note 1: IFRS Financial Statements lines: “Personnel expenses”, “Depreciation and Amortization”, “Administrative Expenses”. Note 2: Others = rent, condominium fee and property maintenance; provisions for contingencies and Financial System se
Slide 39: Revenue acceleration leading to stronger operating leverage
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Total Administrative Eff. Ratio 73.4% 62.4% 53.4% 52.4% 51.4% 47.7% 47.9% 50.7% 50.1% 25.7% 18.0% 17.3% 18.0% 18.1% 14.5% 14.8% 16.7% 16.9% 47.7% 44.3% 36.1% 34.4% 33.2% 33.3% 33.1% 34.0% 33.2% 0 0 .1 0 .2 0 .3 0 .4 0 .5 0 .6 0 .7 0 .8 0 .9
Slide 40: Compounding profitability: ~3x higher net income in one year
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Net Income & ROE In R$ millions and in % Net Income ROE Compounding profitability: ˜3x higher net income in one year 39 Net Income Excluding Minority Interest 1.6% 1.4% 3.6% 5.7% 8.5% 9.7% 10.4% 11.9% 13.2% 1.8% 0.7% 2.7% 5.0% 8.2% 9.2% 9.8
Slide 41: Appendix
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Appendix 40
Slide 42: Significant excess capital in the holding structure
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 41 Tier-I capital 24.1% 23.0% 22.8% 23.7% 23.0% 20.3% 19.3% 17.0% 15.2% 0 .0 % 5 .0 % 10 .0 % 15 .0 % 2 0. 0% 2 5. 0% 3 0. 0% 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Tier-I Ratio – Banco Inter S.A. In % 2% 3% 3% -4% 6% 8% 6% 7% 6% 11%
Slide 43: Balance Sheet and Income Statement
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 Balance Sheet (In R$ million) Income Statement (In R$ million) 42 12/31/2024 09/30/2024 12/31/2023 ∆QoQ ∆YoY Balance Sheet Assets Cash and cash equivalents 1,108 2,274 4,259 -51.2% -74.0% Amounts due from financial institutions 6,195 5,225
Slide 44: Non-IFRS measures and KPIs - Market Share Definitions
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 43 Non-IFRS measures and KPIs - Market Share Definitions (Page 21) Note 1: Total number of individuals with active relationships with banks in Brazil, based on data from Banco Central do Brasil (Bacen), as of December/2024. Note 2: Total nu
Slide 45: Non-IFRS measures and KPIs
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 44 Non-IFRS measures and KPIs Activation Rate: Number of active clients at the end of the quarter Total number of clients at the end of the quarter Active clients: We define an active client as a customer at any given date that was the sour
Slide 46: Non-IFRS measures and KPIs
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 45 Non-IFRS measures and KPIs Card+PIX TPV: PIX, debit and credit cards and withdrawal transacted volumes of a given period. PIX is a Central Bank of Brazil solution to bring instant payments among banks and financial institutions in Brazil
Slide 47: Non-IFRS measures and KPIs
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 46 Non-IFRS measures and KPIs Gross loan portfolio: Loans and Advance to Customers + Loans to financial institutions Gross merchandise volume (GMV): Gross merchandise value, or GMV, for a given period as the total value of all sales made or
Slide 48: Non-IFRS measures and KPIs
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4 47 Non-IFRS measures and KPIs Risk-Adjusted NIM 2.0: Net interest income − Impairment losses on Minancial assets x 4 Average of 2 Last Quarters Earning Portfolio (Loans to Minancial institutions + Securities + Derivatives + Net loans and ad
Slide 49: I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4
I N S T I T U T I O N A L P R E S E N T A T I O N | 4 Q 2 4
Slide 50: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. INTER & Co, INC. By: /s/ Rafaela de Oliveira Vitoria Name: Rafaela de Oliveira Vitoria Title: Investor R