Slide 1: Financial Results 1st Quarter of 2024
d-local Financial Results 1st Quarter of 2024 © dca 2024
Slide 2: Unlocking the potential of Emerging Markets
Slide 3: First Quarter 2024 results
First Quarter 2024 results $5.1 $53 ‘$198 ses Total Processed Volume S36 ‘Revenue $5.3B $184M peaee dene see we = sa 37 = sBiacion $63M $37M dLocal reports in US dollars and in accordance with IFRS as issued by the |ASB Montevideo, Uruguay May 14th, 2024 — DLocal Limited (“dLocal’, we", us", and “ou
Slide 4: CEO letter: strong TPV growth
nothing set: ss than this kind of ouraged by our g ily progress, and remain in positive on the bigg} pictur growth over the long run. Emerging markets still represent an unrivalled opportunity for digital ses, and payments remain a ion point. As our r continue to solve that our merchants, our bi con
Slide 5: CEO letter: revenue and geographic performance
renegotiation directly impacted our revenue ‘growth; i) our product mix shifted towards lower monetizing pay-out volumes, with core payin verticals such as e-commerce and advertising are seasonally weaker in Q1; il) delays from our ‘merchants in a few important new launches that were scheduled for Q
Slide 6: We partner with some of the largest enterprise merchants
Slide 7: First quarter 2024 financial highlights
First quarter 2024 financial highlights Total Payment Volume ("TPV’) reached a record USS5.3 billion in the first quarter, up 49% yearoveryear ‘compared to US$3.6 billion in the frst quarter of 2023 and up 4% compared to USSS.1 billion in the fourth quarter of 2023. Revenues amounted to US$184.4 mil
Slide 8: Cash position and key performance metrics
= As of March 31, 2024, dLocal had US$572.4 million in cash and cash equivalents, including USS211.9 million of own funds and USS360.5 milion of merchants’ funds. The consolidated cash position increased by US$S4.5 milion from US$5179 millon as of March 31, 2023. When compared to the US$536.2 millio
Slide 9: First quarter 2024 business highlights
First quarter 2024 business highlights During the first quarter of 2024, payins TPV increased by 46% year-overyear and decreased by 1% quarter-over-quarter to US$3.7 billion, accounting for 69% of the TPY. Pay-outs TPV increased by 54% year-over-year and 17% quarter-over-quarter to US$1.7 billion, a
Slide 10: TPV and revenue breakdown by product, flow and geography
‘= During the quarter, dLocal continued delivering strong revenue growth both from existing and from new customers. Revenue from Existing Merchants increased to USS177.1 milion and the net revenue retention rate, or NRR, reached 129%, = Revenue from New Merchants was USS7.3 million in the first quar
Slide 11: Gross profit by geography
The tables below present the breakdown of dLocal’s gross profit by geography: Inmilions of USS except for “Taree months ended 31 of March 2028 ‘eahare 2028 ‘eshare Latin America 26 ™ 528 ast era 9 28 no 1 Argentina 52 ae va co Mevico 99 18 69 Mm Chile 78 18 a1 18 Other Latin a1 1 80 1 ‘Arica & Asia
Slide 12: Cape Town, South Africa
(Cape Town, South Africg, ae
Slide 13: Special note regarding Adjusted EBITDA and Adjusted EBITDA Margin
Special note regarding Adjusted EBITDA and Adjusted EBITDA Margin local has only one operating segment. dLocal measures its operating segment’ performance by Revenues, Adjusted EBITDA and Adjusted EBITDA Margin, and uses these metrics to make decisions about allocating resources. ‘Adjusted EBITDA as
Slide 14: Special note regarding Adjusted Net Income
Special note regarding Adjusted Net Income ‘Adjusted Net Income is a nor IFRS fnancial measure. As used by dLocal Adjusted net income is defined as the proft forthe period (net income) excluding impairment gains/(losses) on financial assets, transaction costs, share-based payment ‘non-cash charges,
Slide 15: Earnings per share
Earnings per share We calculate basic eamings per share by dividing the profit attributable to owners of the group by the weighted average number of common shares issued and outstanding during the three-months period ended March 31, 2024 and 2023, Our diluted eamings per share is calculated by divid
Slide 16: Conference call and webcast
Conference call and webcast dLocal's management team will host a conference call and audio webcast on May 14th, 2024 at 5:00 p.m. Eastern Time. Please click here to pre-register for the conference call and obtain your dial in number and passcode. The live conference call can be accessed vie audio we
Slide 17: Definition of selected operational metrics
Definition of selected operational metrics API’ means application programming interface, which is @ general term for programming techniques that are available for software developers when they integrate with a particular service or application. n the payments industry, APIs are usually provided by a
Slide 18: Forward-looking statements
Forward-looking statements This press release contains certain forward-looking statements. These forward-looking statements convey dLocal's current expectations or forecasts of future events, including in respect of guidance provided previously regarding our total payment volume, gross profit, Adjus
Slide 19: Consolidated Condensed Interim Statements of Comprehensive Income
dLocal Limited Certain financial information Consolidated Condensed interim Statements of Comprehensive income for the three-month period ended March 31, 2024 and 2023 (In thousands of U.S. dollars, except per share amounts) ‘Three month ended 31 of March 2028 Ey Continuing operations Revenues 10442
Slide 20: Consolidated Condensed Interim Statements of Financial Position
dLocal Limited Certain financial information Consolidated Condensed Interim Statements of Financial Position as of March 31, 2024 and December 31, 2023 (in thousands of US. dollars) ASSETS Current Assets Cash and cash equivalents Financial assets at fer vale through proftor loss “rade and other rece
Slide 21: Consolidated Condensed Interim Statements of Cash Flows
Local Limited Certain interim financial information Consolidated Condensed Interim Statements of Cash flows for the three-month period ended March 31, 2024 and 2023 (in thousands of U.S. dollars) Cash flows from operating activites Profit before income tax Adjustments: Intrestincome from franca intr
Slide 22: Investor Relations Contact
Investor Relations Contact: investor@dlocal.com Media Contact: media@dlocal.com
Slide 23: d-local
d-local