Xp Inc. · NASDAQ:XP

Xp — Q1 2023 Earnings Presentation

8 slides from Xp's earnings presentation, Apr 25, 2023

  1. Slide 1: Client Assets totaled R$954 billion as of March 31

    Client Assets totaled R$954 billion as of March 31, up 9% YoY and 1% QoQ. Year-over-year growth was driven by R$125 billion net inflows and R$44 billion of market depreciation. In 1Q23, Net Inflow was R$16.2 billion, down 48% QoQ and 65% YoY. Retail Net Inflow was R$15.5 billion while Corporate Net

  2. Slide 2: Active clients grew 2% QoQ and 13% YoY, totaling 4.0 million

    Active clients grew 2% QoQ and 13% YoY, totaling 4.0 million in 1Q23. IFA Network (in ‘000s)

  3. Slide 3: Our network reached 13.0 thousand IFAs in 1Q23

    Our network reached 13.0 thousand IFAs in 1Q23, up 6% QoQ and 21% YoY, maintaining XP as #1 independent distribution platform in Brazil. Retail Daily Average Trades 1 (in millions)

  4. Slide 4: Retail DATs totaled 2.3 million

    Retail DATs totaled 2.3 million in 1Q23, up 2% YoY and down 13% QoQ, reflecting a weak equity market in 1Q23. 1 Daily Average Trades, including Stocks, Listed Funds, Options and Futures.

  5. Slide 5: XPV&P continued to be #1 in net portability

    As per public data published by Susep, XPV&P continued to be #1 in net portability for individual retirement plans in 2023, as of February, while our Market Share still stood at 3.9% . Total Client Assets achieved R$62 billion in 1Q23, up 23% YoY. Assets from XPV&P, our proprietary insurer, grew 32%

  6. Slide 6: Total TPV reached R$8.6 billion, 90% growth YoY

    In 1Q23, Total TPV reached R$8.6 billion, a 90% growth YoY, and 4% growth versus 4Q22. Active Cards (in ‘000s) 3

  7. Slide 7: Total active cards in 1Q23

    Total active cards were 832 thousand in 1Q23, a growth of 21% QoQ and 170% YoY, representing a 21% penetration in total active clients. 3 Credit and Debit Cards (Debit starting on 3Q22).

  8. Slide 8: Total Credit portfolio reached R$17.5 billion

    Total Credit portfolio reached R$17.5 billion as of March 31, expanding 4% QoQ and 53% YoY. The average maturity of our credit book was 2.9 years, with a 90-day Non-Performing Loan (NPL) ratio of 0.0%. This release includes certain non-GAAP financial information We believe that such information is m

XP — Q1 2023 Earnings Presentation on 6ix