XP Inc. Reaches R$715 Billion AUC and 3. Million Lively Clientele NPS File Of 74

SÃO PAULO–(Business WIRE)–XP Inc. (Nasdaq: XP), a primary, technologies-driven system and a trustworthy supplier of

SÃO PAULO–(Business WIRE)–XP Inc. (Nasdaq: XP), a primary, technologies-driven system and a trustworthy supplier of very low-charge economical merchandise and services in Brazil, announced now its 1Q21 KPIs.

Assets Beneath Custody (in R$ billion)

Whole AUC attained R$715 billion at March 31, up 96{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} year-about-12 months and 8{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} quarter-over-quarter. Yr-above-12 months growth was driven by R$252 billion of internet inflows and R$97 billion of industry appreciation. Through a very tough twelve-month time period due to the fact the outbreak of the COVID-19 pandemic, XP’s company design and tactic proved its resilience and strengthened the efficacy of innovation and adaptation though strengthening associations with workforce, clients and associates.

Consistent AUC progress all through the previous numerous a long time and in a variety of macroeconomic environments, which include recession and other unfavorable developments, was reached by the mix of the substantial concentration on the Brazilian economical sector and XP’s disruptive customer-centric and electronic driven solution. We are assured that expressive efficiency and secular alterations must persist for many a long time to arrive as we retain our target and culture and increase to new markets and verticals going forward.

Web Influx (in R$ billion)

Average month-to-month Web Inflows, adjusted for remarkable equity inflows/outflows, was R$14.2 billion in 1Q21, up 15{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} from R$12.3 billion in 4Q20. For 1Q21, flows ended up potent throughout all channels and models, led by the IFA community, reflecting investments in the company in the next 50 percent of 2020.

Energetic Clientele (in ‘000)

Active purchasers grew 47{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} and 8{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} in 1Q21 vs 1Q20 and 4Q20, respectively. Typical month to month net client additions improved to 72,000 in 1Q21 from 44,000 in 4Q20, reflecting seasonality, the reduction of brokerage charges for on line inventory investing at Rico and XP in 3Q20 and our ongoing consumer acquisition and brand awareness attempts.

IFA Network

IFA Community gross additions totaled 917 in 1Q21, consistent with strong expansion traits in 2H20. Our full IFA headcount stood at approximately 9,000 as of March 31, 2021. Ongoing IFA progress was pushed by both equally industry growth as effectively as XP’s foremost current market share and community investments.

Retail DARTs¹ (million trades)

Retail DARTs elevated 23{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} in 1Q21 to 3.2 million from an currently sturdy degree of 2.6 million in 4Q20. The extraordinary figures strengthen the rewards of the platform investments and pricing method throughout XP’s a few Retail brand names. On a yr-above-calendar year foundation, DARTs grew 91{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} from 1.7 million in 1Q20, reflecting the ongoing enhance in the participation and relevance of particular person investors on the Brazilian Inventory Exchange.

¹Daily Average Revenue Trades, together with Stocks, REITs, Alternatives and Futures

Credit rating Portfolio¹ (in R$ million)

Our Credit history portfolio reached R$4.7 billion as of March 31, 2021, representing .7{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} of our whole AUC. The typical length of our credit ebook was 3.1 decades, with a 90-day Non-Accomplishing Loan (NPL) ratio of .{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3}. Also, we highlight the capital-mild character of our mortgage e book, which at this time represents R$916 million of Chance Weighted Assets and requires minimum amount regulatory money of R$73 million. The reality that a related part of loans is collateralized cuts down funds needs for progress. Our e book is largely funded by the issuance of Structured Notes (COEs) and Deposits, which are dispersed to consumers by way of XP’s system.

¹This portfolio does not contain Credit score Card relevant loans and receivables

NPS (Net Promoter Rating)

Our NPS, a extensively recognised survey methodology employed to evaluate shopper pleasure, enhanced to 74 in March 2021, reflecting our ongoing initiatives to give top-quality shopper assistance at the least expensive possible cost. Sustaining a substantial NPS score stays a priority for XP since our small business design is designed close to customer knowledge. The NPS calculation as of a offered date demonstrates the typical scores in the prior 6 months.

Non-GAAP Actions

This release incorporates specific non-GAAP economic data We think that these info is meaningful and practical in understanding the functions and organization metrics of the Company’s operations. We also believe that these non GAAP financial steps reflect an further way of viewing facets of the Company’s small business that, when considered with our International Money Reporting Requirements results, as issued by the Global Accounting Standards Board, offer a much more complete being familiar with of things and developments affecting the Company’s company. Furthermore, buyers consistently count on non GAAP financial measures to evaluate running effectiveness and such steps may well emphasize trends in the Company’s small business that may possibly not usually be apparent when relying on fiscal measures calculated in accordance with IFRS. We also feel that selected non GAAP financial measures are commonly applied by securities analysts, buyers and other interested functions in the analysis of community businesses in the Company’s industry, a lot of of which existing these actions when reporting their outcomes. The non GAAP financial facts is offered for informational functions and to improve knowing of the IFRS money statements. The non GAAP steps really should be considered in addition to effects prepared in accordance with IFRS, but not as a substitute for, or outstanding to, IFRS effects. As other companies might identify or calculate this non GAAP money information in another way, the usefulness of these steps for comparative needs is minimal.

About XP

XP is a main, know-how-pushed system and a trusted supplier of very low-price financial items and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional fiscal institutions by:

  • Educating new lessons of traders
  • Democratizing access to a broader assortment of money products and services
  • Creating new monetary products and know-how applications to empower shoppers and
  • Delivering higher-good quality shopper assistance and consumer practical experience in the field in Brazil.

XP supplies consumers with two principal styles of choices, (i) money advisory services for retail shoppers in Brazil, substantial-web-value shoppers, intercontinental clientele and corporate and institutional clients, and (ii) an open money products platform providing entry to about 750 financial investment items including equity and fastened income securities, mutual and hedge resources, structured products and solutions, lifetime insurance coverage, pension options, genuine-estate investment resources (REITs) and many others from XP, its partners and competitors.

Forward Searching Statements

This press release incorporates “forward-hunting statements” within just the meaning of the “safe and sound harbor” provisions of the Personal Securities Litigation Reform Act of 1995. These ahead-on the lookout statements are built as of the day they ended up very first issued and ended up based mostly on recent anticipations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words this sort of as “hope,” “foresee,” “really should,” “believe,” “hope,” “aim,” “goal,” “project,” “plans,” “estimate,” “potential,” “forecast,” “may possibly,” “will,” “could possibly,” “could,” “intend,” variants of these conditions or the unfavorable of these terms and identical expressions are supposed to identify these statements. Forward-wanting statements are subject matter to a variety of risks and uncertainties, numerous of which entail variables or situation that are over and above XP Inc’s manage. XP, Inc’s true final results could vary materially from people mentioned or implied in ahead-looking statements due to quite a few things, such as but not constrained to: competition, adjust in purchasers, regulatory measures, a transform the exterior forces amid other variables.