Xp Inc. · NASDAQ:XP
Xp — Q1 2024 Earnings Presentation
9 slides from Xp's earnings presentation, May 21, 2024
Slide 1: Client Assets totaled R$1.1 trillion in 1Q24
Client Assets totaled R$1.1 trillion in 1Q24, up 20% YoY and 2% QoQ. Year-over-year growth was driven by R$103 billion net inflows and R$84 billion of market appreciation. In 1Q24, Net Inflow was R$15 billion, and Retail Net Inflow was R$13 billion , 7% higher QoQ. Active Clients (in ‘000s)
Slide 2: Active clients grew 16% YoY and 1% QoQ, totaling 4.6 million
Active clients grew 16% YoY and 1% QoQ, totaling 4.6 million in 1Q24.
Slide 3: Total Advisors and Retail Daily Average Trades
Starting in the 1Q24, we will disclose the Total Advisors connected to XP, which includes (1) IFAs, as previously, (2) XP employees who offer advisory services, (3) Registered Investment Advisors, which includes consultants and wealth managers, among others. Total Advisors totaled 17.7 thousand, an
Slide 4: Retail DATs totaled 2.2 million in 1Q24; NPS
Retail DATs totaled 2.2 million in 1Q24, down 9% YoY and 2% QoQ. NPS Our NPS, a widely known survey methodology used to measure customer satisfaction, was 71 in 1Q24. Maintaining a high NPS score remains a priority for XP since our business model is built around client experience. The NPS calculatio
Slide 5: 1Q23 4Q23 1Q24
1023 4023 1024
Slide 6: In 1Q24, Total TPV was R$11.3 billion
In 1Q24, Total TPV was R$11.3 billion , a 32% growth YoY, and 4% decrease versus 4Q23, due to seasonality.
Slide 7: 1Q23 to 1Q24 +49%
832 1Q23 +49% 1 _— 1,242 969 272 4Q23 1Q24
Slide 8: +29% vs 1Q23
+29% v 1Q23
Slide 9: Gross Written Premiums grew 44% YoY in 1Q24
Gross written premiums (GWP) refer to the total amount of premium income that XPs has written or sold during a particular reporting period before deductions for provisions, reinsurance and other expenses. This figure represents the total premiums that customers have agreed to pay for life insurance