Slide 1: dLocal Reports 2021 Fourth quarter & full year Financial results
dLocal Reports 2021 Fourth quarter & full year Financial results © dLocal 2022
Slide 2: Fourth quarter & full year financial results
Fourth quarter & full year financial results $6.0B $244.1M 219% 41% FY21 TOTAL PAYMENT VOLUME up 193% year-over-year REVENUES up 134% year-over-year NET RETENTION RATE ADJUSTED EBITDA MARGIN $1.9B $76.3M 198% 38% 4Q21 TOTAL PAYMENT VOLUME up 145% year-over-year REVENUES up 120% year-over-year NET RE
Slide 3: Letter from our CEO
Letter from our CEO Sebastián Kanovich Dear Customers, Partners and Shareholders, Thank you for your continued support and trust. We started our journey a little over 6 years ago and we are proud of what we have accomplished till date, but we are literally just getting started. We became Uruguay’s f
Slide 4: Letter from our CEO (continued)
increasing by 193% year-over-year. Revenues for the year reached US$244 million, a 134% year-over-year growth, with an Adjusted EBITDA margin of 41%, compared to 40% in 2020. We continued to make investments in infrastructure and people to support our expansion strategy. These results were supported
Slide 5: Who we are / What we offer
Who we are “DLO” Emerging Enterprise Markets focused Nasdaq Listed Africa, Asia, Serving API large, Since June 2021 Latin America high growth and the Middle East merchants What we offer 700+ One API 2B+ Local payment Pay-ins Consumers in methods in Pay-outs the emerging growth markets Direct Issuing
Slide 6: World map payment coverage
World map payment coverage Accept locally-relevant payment methods EMEA APAC LATAM 700+ 400+ 35 Local payment Merchants Countries methods 2 0 2 1 | F I N A N C I A L R E S U LT S 6
Slide 7: Powering diverse high-growth verticals
Powering diverse high-growth verticals Industry agnostic solutions operating across several verticals Commerce Streaming Ride Hailing Advertising Financial Services Gaming SaaS Travel eLearning On-demand Delivery Crypto 2 0 2 1 | F I N A N C I A L R E S U LT S 7
Slide 8: 400+ global enterprise merchants
400+ global enterprise merchants Selected list of merchants. 2 0 2 1 | F I N A N C I A L R E S U LT S 8
Slide 9: Key achievements in 2021
Key achievements in 2021 2021 Strengthened our leadership team with Added 9 new countries in 2021: the announcement of Sumita Pandit as 01 06 Dominican Republic, El Salvador, Chief Operating Officer Guatemala, Malaysia, Pakistan, Tanzania, Thailand, Uganda and Vietnam Completed the Continued to inve
Slide 10: Our people & culture
Our people & culture We are a “technology-first” business from inception, operating under a customer-centric approach with a strong focus on execution and on delivering the highest quality results for our global merchants and their users. We are a global team with a single mission. We have a “work f
Slide 11: Our people & culture
Our people & culture DIVERSITY AND INCLUSION 30+ nationalities We believe fostering diversity and inclusion are critical for business success, as they lead to stronger teams and better outcomes for our merchants, employees, and the communities we serve. We aim to give opportunities to people from al
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Slide 13: Fourth quarter & full year 2021 financial highlights
Fourth quarter & full year 2021 financial highlights Total Payment Volume (“TPV”) reached US$1.9 billion in the quarter, representing 145% year-over-year growth compared to US$757 million in the fourth quarter of 2020. For the full year, TPV reached US$6.0 billion, representing 193% year-over-year g
Slide 14: Fourth quarter & full year 2021 financial highlights
Fourth quarter & full year 2021 financial highlights Profit for the fourth quarter of 2021 was US$23.5 million, or US$0.08 per diluted share, compared with profit of US$11.6 million, or US$0.04 per diluted share, for the fourth quarter of 2020 and with profit of US$19.7 million, or US$0.06 per dilut
Slide 15: Key performance metrics
The following table summarizes our key performance metrics: Three months ended Twelve months ended December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Key Performance Metrics (in millions of US$ except for %) TPV 1,856 757 6,049 2,065 TPV growth YoY 145% 90% 193% 60% Revenue 76.3
Slide 16: Fourth quarter & full year 2021 business highlights
Fourth quarter & full year 2021 business highlights dLocal is well diversified across verticals, so its business does not depend on the performance of any single industry vertical. During the fourth quarter and full year 2021 dLocal saw triple digit year-over-year growth in TPV driven by the perform
Slide 17: Fourth quarter & full year 2021 business highlights
Fourth quarter & full year 2021 business highlights Revenue from New Merchants was US$7.7 million for the fourth quarter of 2021 compared to US$6.1 million for the fourth quarter of 2020. For the full year, revenue from New Merchants reached US$16.0 million compared to US$9.5 million in the fiscal y
Slide 18: Special note regarding Adjusted EBITDA and Adjusted EBITDA Margin
Special note regarding Adjusted EBITDA and Adjusted EBITDA Margin dLocal has only one operating segment. dLocal measures its operating segment’s performance by Revenues, Adjusted EBITDA and Adjusted EBITDA Margin, and uses these metrics to make decisions about allocating resources. Adjusted EBITDA a
Slide 19: Earnings per share calculation
EARNINGS PER SHARE: We calculate basic earnings per share by dividing the profit attributable to equity holders by the weighted average number of common shares issued and outstanding during the twelve-months and three-months periods ended December 31, 2021 and 2020. Our diluted earnings per share is
Slide 20: Conference call and webcast / About dLocal
Conference call and webcast dLocal’s management team will host a conference call and audio webcast on March 15, 2022 at 8:30 a.m. Eastern Time. The conference call may be accessed by dialing (888) 705-0197/ (409) 981-0764 (Conference ID – 3689961 –) and requesting inclusion in the call for dLocal. T
Slide 21: Definition of selected operational metrics
Definition of selected operational metrics “API” - means application programming interface, which is a general term for programming techniques that are available for software developers when they integrate with a particular service or application. In the payments industry, APIs are usually provided
Slide 22: 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. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors
Slide 23: Consolidated Statements of Comprehensive Income
dLocal LIMITED Certain financial information Consolidated Statements of Comprehensive Income for the three month and twelve month periods ended December 31, 2021 and 2020 (In thousands of U.S. dollars, except per share amounts, unaudited) Three-months ended Twelve-months ended December 31 December 3
Slide 24: Consolidated Statements of Financial Position
dLocal LIMITED Certain financial information Consolidated Statements of Financial Position as of December 31, 2021 and December 31, 2020 (In thousands of U.S. dollars, except per share amounts, unaudited) December 31, 2021 December 31, 2020 ASSETS Current Assets Cash and cash equivalents 336,197 111
Slide 25: Incorporation note and investor relations contact
dLocal was incorporated on February 10, 2021, as a Cayman Islands exempted company with limited liability, duly registered with the Cayman Islands Registrar of Companies. The contribution of dLocal Group Limited (a limited liability company incorporated in Malta, the former holding entity or “dLocal
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