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  "documentTitle": "dLocal | Investor Day Presentation Deck | 114 slides",
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  "authorName": "dLocal",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-06-01 00:00:00",
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      "text": "High Profitability: Adjusted EBITDA / Gross Profit '21-'22 76%, 1Q23 74%. Drivers: Financial discipline, Low acquisition costs, Emerging market costs, Lean organization.",
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      "text": "High Gross Profit Growth: '20-'22 CAGR 83%, 1Q23 (YoY) 42%. Drivers: Retention and cross-selling to existing merchants, New merchant pipeline, Efficiency: scale, smart routing, netting.",
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      "text": "Strong Cash Flow Generation: FCF / Net Income Conversion '21-'22 100%, 1Q23 119%. Drivers: Negative working capital, Low Capex requirement, Efficient tax structure.",
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      "text": "Rule of 40: 21-22 159%, 1Q23 116%",
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      "text": "Note Unaudited quarterly results. ¹Adjusted EBITDA / Gross Profit '21-'22 calculated as the sum of 2021 and 2022 Adjusted Ebitda divided by sum of 2021 and 2022 gross profit. ²Refer to FCF calculation on page 101. FCF / Net income conversion calculated as calculated as the sum of 2021 and 2022 FCF divided by sum of 2021 and 2022 net income. ³Calculated by adding '20-'22 gross profit CAGR and '21-'22 Adjusted ebitda / gross profit",
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