Inter : Owners' Day Presentation
INTR
Published on 05/11/2026 at 07:28 am EDT
Owners' Day | 2026
1
Owners' Day | 2026
Rafaela Vitória
Head of IR
3
1
The Vision
2
The Financial Strategy
3
The Execution
Owners' Day | 2026
4
The Core Enablers
5
Closing Remarks + Q&A
4
Owners' Day | 2026
Owners' Day | 2026
The Vision
João Vitor Menin | CEO Global
5
Owners' Day | 2026
Owners' Day | 2026
The Vision
João Vitor Menin | CEO Global
6
The Vision
Past 3 Years Next 3 Years
The Financial Strategy The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Key topics in today's CEO report
Overview
Past 3 Years Next 3 Years
Our strong performance since 2022
Our current priorities to build Inter's future
Note: Definitions are in the Glossary section of this Presentation. 7
Owners' Day | 2026
7
The Vision
Past 3 Years Next 3 Years
The Financial Strategy The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Key topics in today's CEO report
Overview
Past 3 Years
Our strong performance since 2022
Note: Definitions are in the Glossary section of this Presentation. 8
Owners' Day | 2026
8
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
% Progress to Achievement
Past 3 Years
0%
10%
20%
30%
40%
50%
60%
70%
Mar/26
68
23m
44m
57%
Achievement
75%
44%
69
Ac
-1.7%
15%
54
%
Achievement
60/30/30 plan: Good progress toward our longterm targets
Elapsed Time
2023
We're here
2027
80% 90% 100%
%
%
Total Clients
Efficiency Ratio1
hievement
ROE1,2
Note: Definitions are in the Glossary section of this Presentation. Note 1: Non-IFRS Financial Measure. For a reconciliation with most comparable IFRS measure, please refer to the glossary of this presentation. Note 2: Return on average Equity 9
The Vision
Past 3 Years Next 3 Years
The Financial Strategy The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Past 3 Years
The results are a testament to disciplined execution
7th Strongest Consumer Brand in Brazil1
Branding Recognitions
#1 Finance app2
#2 Best Brazilian bank2
#3 Strongest bank brand2
Note: Definitions are in the Glossary section of this Presentation. Note 1: 2025. Note 2: 2026. 10
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
10
Past 3 Years
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
And share-price performance tells
Owners' Day | 2026
DeliveringCShhaartrTeithleolder Value
+2.7x in 3 Years
+2.7x
$6.48
the same story NASDAQ
IBOVESPA (USD)
Owners' Day
May 8th, 2026
$2.43
Investor Day
Jan. 18th, 2023
2023
2024
2025
Source: Refinitiv. As of May 8th, 2026. 11
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
Past 3 Years
1st
100% Cloud-based
100% Digital Super App in the Americas
Leading Super App
for Client & SMEs
Complete Financial Power
Everyday Commercial Activities
Complete
Banking
Integrated
Commerce
Global
Capabilities
Build Client Base & Funding
Grow
Engagement & Monetization
Expand Across Borders
We built the best-in-class Financial Super App
Note: Definitions are in the Glossary section of this Presentation. 12
Improved our execution in every area
Owners' Day | 2026
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
With our stakeholders
Past 3 Years
Across the company
Leadership
We are stronger & more efficient since our last Investor Day
Clients
Solutions
Service
In the market
85
points NPS1
Operations
Innovation
Expansion
+250bps NIM2
Regulators
Investors
DAC
framework
Note: Definitions are in the Glossary section of this Presentation. Note 1: As of March/2026. Note2: NIM Excluding Credit Card Transactor Portfolio. Non-IFRS Financial Measure. For a reconciliation with most comparable IFRS measure, please refer to the glossary of this presentation, From 3Q22 to 1Q26. 13
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
Past 3 Years
Our achievements Opportunities ahead
CEO Reflection Proud of our progress, but driven to do more
2x growth in active clients1
Superior capital allocation
Strengthened our deposits franchise
Operating efficiencies from AI
Driving higher cross-sell
Deeper credit penetration
Note: Definitions are in the Glossary section of this Presentation. Note 1: As March/2026 vs September/2022. 14
The Vision
Past 3 Years Next 3 Years
The Financial Strategy The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Key topics in today's CEO report
Overview
Past 3 Years
Our strong performance since 2022
15
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
15
The Vision
Past 3 Years Next 3 Years
The Financial Strategy The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Key topics in today's CEO report
Overview
Past 3 Years
Our strong performance since 2022
Next 3 Years
Our current priorities to build Inter's future
16
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
16
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
3SA
Data Vault
Owners' Day | 2026
Next 3 Years
Seven
Seven
Multi-agent
AI tool for clients
3 pillars of our
business strategy
Massive real-time data vault
Note: Definitions are in the Glossary section of this Presentation 17
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
Next 3 Years
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
Our 3SA approach
One Account
One Seamless Unified Experience
AI
Multiple
Verticals & Channels
Combines Financial &
Non-Financial Solutions
Driving Monetization
Opportunities
Powered
Hyper-Personalized Experiences
All Products Easily Available on One Platform
Auto-Optimized
for Each User Every Day
Superior client experience to
engage clients
Note: Definitions are in the Glossary section of this Presentation 18
Past 3 Years
The Vision
Next 3 Years
The Financial Strategy The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Next 3 Years
Over 180 products
Across 7 verticals
Complete suite of products to monetize
Loyalty
7 Verticals
Generating thousands of transaction data points in a virtuous cycle
Cross Sell Up-Sell
Personalized Experiences
19
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
19
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
Inter Data Vault: The data foundation that powers AI at Inter
Next 3 Years
Smarter insights
Hundreds of thousands data sources
Data that drives impact
Credit Underwriting
Transactions Behavior External Data Forum posts & much more
Banking Credit Shopping
Invest Global Insurance Loyalty
More data
More engagement
Better AI experiences
Fraud Prevention Client service Cross-sell
Up-sell
Unifies · Organizes · Enrich
Client signals & data
Note: Definitions are in the Glossary section of this Presentation
Real-time data · Data quality · Governance
Foundations to deliver security & performance
20
Next 3 Years
Chat, ask,
explore possibilities
Transact, deliver,
get things done
Optimize, learn,
make better decisions
Note: Definitions are in the Glossary section of this Presentation
Multi-agent AI tool for clients
Owners' Day | 2026
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
21
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
Owners' Day | 2026
Our Plan to Keep Delivering
Balance of Growth & Profitability
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
Next 3 Years
We are evolving our long-term plans
Very Specific
KPI Target Levels to
Prove Our Strategy & Model
We Remain on
Track to Achieve Them &
It Will Continue Driving Forward
& we are adding another layer to this plan
Note: Definitions are in the Glossary section of this Presentation 23
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A Past 3 Years Next 3 Years
Owners' Day | 2026
Consistent Balance of Growth & Profitability
As We Scale to a New Level
Next 3 Years
Our new north star
Note: Definitions are in the Glossary section of this Presentation 24
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50
The Vision
The Financial Strategy
The Execution
Core Enablers
Closing +Q&A
Past 3 Years Next 3 Years
Owners' Day | 2026
Our Battle Plan for the Future
Next 3 Years
With Clear Focus
& Key Enablers
Clear
Execution Focus
Increase Deposits
Increase Credit Penetration
Increase Principality
With Core
Enablers
•
•
Tech and Data
Credit Engine
•
•
Risk Management
People
Note: Definitions are in the Glossary section of this Presentation 25
1
The Vision
2
The Financial Strategy
3
The Execution
Owners' Day | 2026
4
The Core Enablers
5
Closing Remarks + Q&A
26
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
Owners' Day | 2026
The Financial Strategy
Santiago Stel | CFO
27
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
Owners' Day | 2026
How has the Brazilian banking industry evolved?
28
The Vision
The Industry
The Financial Strategy
Inter By Design Rule of 50
The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
10 years ago, Brazilian banks were failing their clients
1 Highly Concentrated
2 Analog Distribution
3 Overcharged Clients
Average Banking Sector ROE -Major Economies2 (2016-2019)
In % by Country
>80%
13% 12%
11%
6%
3% 3% 3% 3%
Retail Loans Market Share of Top 5 Banks in 20161
BRA CHN USA FRA GBR IND ITA GER
Note: Definitions are in the Glossary section of this Presentation. Note 1: Data from Banco Central do Brasil. Individuals loan portfolio as of December 2016. Note 2: International Monetary Fund. Average ROE from 2016 to 2019, based on the top 9 largest global economies. Excludes Japan due to data unavailability. 29
The Vision
The Industry
The Financial Strategy
Inter By Design Rule of 50
The Execution Core Enablers Closing +Q&A
Owners' Day | 2026
Tailwinds that enabled disruption
1 Regulators
Initiatives from Bacen & the Government
2 Mobile Banking
A branch in every pocket
3 Capital Markets
~USD25bn
Raised by LatAm fintechs since 20161
Salary Portability Digital Signature PIX
Private Payroll
Private Capital
Public Capital
USD8bn
USD17bn
Note: Definitions are in the Glossary section of this Presentation. Note 1: Data represents a compilation of IPO values, investment rounds, and follow-on investments for major fintechs operating in Brazil since 2016. 30
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
The upside of the digital banking revolution
Banking Fee Revenue & Bank Accounts in Brazil
In %
Owners' Day | 2026
42%
1.4 billion
Total Bank Accounts1
36%
Inter launches Brazil's first Digital Banking Account
22%
˜300 million
Banking Fee Revenue as a % of Total Net Income2
2013
2015
2019 2025
Bank accounts surged, while 'bad fees'3 declined sharply
31
Note: Definitions are in the Glossary section of this Presentation. Source: Banco Central do Brasil. Note 1: Total individuals banking accounts in the end of the year. Note 2: Fee Revenues ÷ Net Income of the entire Brazilian Banking system (Conglomerados Financeiros). Note 3: Consider banking fees such as withdraw fees, wire transfers fees, checking account maintenance fees and others.
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
The downside of the digital banking revolution
Owners' Day | 2026
Credit Cards + Personal Loans1
In R$ millions, nominal
4.5x
(Inflation adjusted 2.4x)
412
243
389
132
98
145
280
718
1,107
Total
Household Debt Service Ratio2
(Interest payments + principal payment) ÷ income
29%
∆
+6 p.p.
Household Banking Credit3
As % of GDP
59%
∆
+4 p.p.
55%
57%
37%
30%
26%
Top 8 Biggest Economies Median
Credit Cards
+11p.p.
Personal Loans (non-payroll)
+0.4 p.p.
22%
22%
7%
7%
7%
Top 7 Biggest Economies Median
2013 2019 2025
2013 2019 2025
2013 2019 2025
Meanwhile, unhealthy credit became more prevalent among households
32
Note: Definitions are in the Glossary section of this Presentation. Source: Bank for International Settlements and Banco Central do Brasil. Note 1: Loan portfolio data considering credit card loans and non-payroll personal loans (crédito pessoal não consignado). Note 2: Economies selected based on data availability, comprising Brazil, France, Germany, Italy, Japan, the United Kingdom, and the United States. Note 3: Same as Note 2, with the addition of China.
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
Most digital banks have targeted the unsecured market
Brazilian Loan Market - December 20251
Owners' Day | 2026
R$1.2 Trillion
R$ 2.6 Trillion
Home Equity, FGTS & Others
0.2
Unsecured3
Personal Loans
Secured4
Personal Loans
0.7
Cards
0.4
Personal
0.06
Others
2.0
SME/Corporate
63%
Unsecured3 Personal Loans
-14 p.p.
R$2.7 Trillion
Top 5 Banks Market Share2
Δ 2019 - 2025
Auto 0.4
Payroll 0.7
Mortgage 1.3
0.7
Rural
SME/Corporate + Rural
33
Note: Definitions are in the Glossary section of this Presentation. Source: Banco Central do Brasil and Inter. Note 1: Excludes development bank loans, following Banco Central do Brasil's classification. Note 2: According to IF Data, Loans to Individuals. Note 3: Non-collateralized: credit card loans + personal loans that aren't payroll linked or has any guarantees. Note 4: Collateralized: Loans and advancements to clients - Non-collateralized.
Owners' Day | 2026
But we chose a different path
Uniquely positioned in the Brazilian market
Why?
34
The Vision The Financial Strategy The Execution Core Enablers Closing +Q&A
The Industry Inter By Design Rule of 50 Owners' Day | 2026
34
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
Owners' Day | 2026
We chose a different path, targeting the large secured personal loan market
Brazilian Loan Market - December 20251
R$1.2 Trillion
R$ 2.6 Trillion
Home Equity, FGTS & Others
R$2.7 Trillion
0.2
Unsecured3
Personal Loans
Secured4 Personal Loans
SME/Corporate +
Rural
0.7
Rural
2.0
SME/Corporate
0.7
Cards
0.4
Personal
0.06
Others
Top 5 Banks
Market Share2 Δ 2019 - 2025
Auto 0.4
Payroll 0.7
Mortgage 1.3
63%
Secured4 Personal Loans
-6 p.p.
Unsecured3 Personal Loans
78%
SME/Corporate + Rural
-14 p.p.
-4 p.p.
35
Note: Definitions are in the Glossary section of this Presentation. Source: Banco Central do Brasil and Inter. Note 1: Excludes development bank loans, following Banco Central do Brasil's classification. Note 2: According to IF Data, Loans to Individuals. Note 3: Non-collateralized: credit card loans + personal loans that aren't payroll linked or has any guarantees. Note 4: Collateralized: Loans and advancements to clients - Non-collateralized.
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
Owners' Day | 2026
by Design
Sustainable
Revenue Growth
Profitable Growth
Unique
Cost Efficiencies
Scalable
Distribution Capabilities
We have a differentiated formula for winning in
this market
Note: Definitions are in the Glossary section of this Presentation. 36
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
We focus on sustainable lending
Average Annualized Interest & Default Rate in Brazil
In %, as of March 2026
Owners' Day | 2026
Interest Rate1
Default Rate1
+100% +100%
36%
X
Distribution Capabilities
X
Cost Efficiency
=
Profitable Growth
Revenue Growth
53%
Sustainable Lending
7%
9%
23%
2%
19%
2%
14%
1%
Card Revolving Credit & Installments
Personal Loan + Overdraft (Non-Payroll)
Private Payroll
INSS + Public Payroll
Home Equity PF2
Mortgages 3
37
Note: Definitions are in the Glossary section of this Presentation. Note 1: Banco Central do Brasil, as of March 2026. Note 2: ABECIP, as of March 2026. Note 3: Median rate of home financing for individuals with market rates, post-fixed indexed to TR (Pessoa Física - Financiamento imobiliário com taxas de mercado - Pós-fixado referenciado em TR) as of March 2026 + TR rate.
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
A large-scale distribution platform driving product adoption
Owners' Day | 2026
Active Clients per Product
In millions
21.9
Older Products
Newer Products
Market Share Gains Since 2023 Investor Day
2.3x
In %
PIX
Inter Loop
Debit Card1
5.3
Piggy Bank
5.
Fi (C
5.
Cr
3.3
FGTS Loan
18.9
7
18.1
Deposits
8.9
Revenue
Growth
X
Distribution Capabilities
6
5
9
9.6%
1.1x
8.5%
5.5x
4.6%
2.1x
4.3%
29x
2.5%
1.7x
1.3%
1.8x
0.7%
xed Income DB1,2)
2
7.8%
edit Cards1
X
Cost Efficiency
=
Profitable Growth
Active Clients
4
3
4.2%
2.0
2 Savings Dep.1
2.0%
0.4%
1
0
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
Quarters of relationship
Home Equity PF 5
PIX
Transactions 4
0.8%
FGTS
Loans 6
Tesouro Direto Investing 7
0.1%
Private Payroll 8
0.8%
Time + Demand Deposits 9
Mort gage Loans 10
38
Note: Definitions are in the Glossary section of this Presentation. Note 1: Products existed before 1Q19; however, the actual number of active clients is shown starting from 1Q20 to fit the graph scale. Note 2: Excludes clients who have only "CDB Meu Porquinho" linked products. Note 3: Number of active contracts at the end of the period. Note 4: Total number PIX transactions in 1Q26 and 3Q22 excluding transactions made outside de SPI. Market data from Banco Central do Brasil. Note 5: Total Home Equity PF Portfolio in March/2026 and September/2022. Market data from ABECIP. Note 6: Total FGTS portfolio estimated by multiplying Inter's share in payments received of FGTS Withdrawals (60-F - Saque Aniversário - Alienação ou Cessão Fiduciária) from March/2026 by Inter's March/2026 FGTS loans portfolio. Note 7: Tesouro Direto Balance. Market data from Tesouro Transparente: March 2026 and September 2022. Note 8: Market data from Banco Central do Brasil, from March 2026 and September 2022. Note 9: Total demand and time deposits. Data from Banco Central do Brasil from March 2026 and September 2022. Note 10: Market data from Banco Central do Brasil.
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
Unique combination of low cost of funding & cost-to-serve
Owners' Day | 2026
Cost of Funding1,2
In % of CDI
Cost-to-serve per active client1,2,3
In R$ monthly
Revenue
Growth
X
Distribution Capabilities
X
98%
-13p.p.
78%
64%
-34p.p.
-77%
Cost Efficiency
=
Profitable Growth
64
-11%
15
13
Median of Fintechs
Median of Incumbents
Median of Incumbents
Median of Fintechs
Inter
Inter
1Q26
1Q26
39
Note: Definitions are in the Glossary section of this Presentation. Note 1: Non-IFRS Financial Measure. For a reconciliation with most comparable IFRS measure, please refer to the glossary of this presentation. Note 2: Peer data based on publicly available IFRS Financial Statements and operational data as of 4Q25. Cost-to-serve and Cost of Funding calculated for peers using Inter's methodology. Inter as of 1Q26. Note 3: Active Clients figures reported by peers may use methodologies different from Inter's. For peers that do not disclose active clients, we assumed 70% of their total bank accounts as reported by the Central Bank of Brazil (as of December 2025).
The Vision
The Execution
Core Enablers
Closing +Q&A
The Industry
The Financial Strategy
Inter By Design
Rule of 50
The result: sustainable growth with expanding profitability
Owners' Day | 2026
Top-line
19.
Bottom-line
Net Revenue
In R$ millions
+33%
CAGR2
6,400
8,401
9,004
Net Income & ROE1,2
In R$ millions & %
12.5%
15.1%
1,312
15.5%
1,421
ROE1
End of Period
Net Income
Revenue
Growth
X
Distribution Capabilities
X
Cost Efficiency
=
4,753
8.2%
907
3,563
Profitable Growth
1.8%
302
2022 2023 2024 2025
Mar/26 LTM
(11)
2022 2023 2024 2025
Mar/26 LTM
40
Note: Definitions are in the Glossary section of this Presentation. Note 1: Return on Average Equity. Non-IFRS Financial Measure. For a reconciliation with most comparable IFRS measure, please refer to the glossary of this presentation, or the 20-F form. Note 2: CAGR represents the compound annual growth rate within each segment.
Disclaimer
Inter & Co. Inc. published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 11:27 UTC.