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ARTUR

SCHUNCK

CHIEF FINANCIAL OFFICER

Artur Schunck

Chief Financial Officer

Education

• Master's Degree: Business Administration from FGV
• Bachelor's Degree: Business Administration from PUC-RS

Professional Background

2

DEVELOPMENT

HUGE	AGRICULTURE
ECONOMY	GROWTH
BRAZIL	FUTURE
OPPORTUNITY CREATIVITY	SAMBA

INNOVATION PAGS

DIVERSITY

3

Brazilian macroeconomic expectations

Brazilian Inflation Rate¹

9.8%

6.3%
		3.8%	4.3%	4.5%	4.6%
	3.0%			3.3%	3.1%	3.1%	3.1%
2016	2017	2018	2019	2020	2021e 2022e 2023e 2024e 2025e 2026e

• Higher inflation with mixed impacts on TPV and revenue
• BRL devaluation vs. USD might impact CAPEX
• Financial Interest Expenses will continue under pressure

Brazilian Basic Interest Rate²	• High unemployment might support more individual entrepreneurs
		BCB Focus Report		B3 Projections

13.8%											• GDP growth recovery slower than expected
						11.0%	11.9%	11.7%	11.6%	11.6%
					9.3%
	7.0%	6.5%					7.5%	7.0%	7.0%	7.0%	• 2022 elections might add higher volatility and postpone reforms
		4.5%
				2.0%
2016	2017	2018	2019	2020	2021e	2022e	2023e	2024e	2025e	2026e

4

1. Source: IPCA 2021 - 2026;
2. Source: B3 projections.

Outstanding performance in the last 5 years

TPV					NET REVENUE				NET INCOME¹
R$ billion					R$ billion				R$ billion
			390.1							+160%
						+52%	9.3
		+94%						CAGR
						CAGR
		CAGR	231.3			6.8				1.5	1.4	1.5
					5.7
									1.1
		135.0				4.3
		76.1				2.5				0.5
					1.1
14.1	38.5							0.1
	2016 2017 2018 2019 2020 2021LTM	2016 2017 2018 2019 2020	2021 LTM	2016 2017 2018 2019	2020	2021LTM
ACTIVE MERCHANTS				PAGBANK ACTIVE CLIENTS				CASH POSITION
# million					# million				R$ billion

		+41%		7.7		+113%	12.2
		CAGR
		7.0		CAGR		8.7
			5.3				7.8			15x
		4.1
	2.8
1.4						2.7
								0.6
2016	2017	2018	2019	2020	3Q21	2019	2020	3Q21	2016	Sep-21

5

1. Non-GAAP.