UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January, 2020

 

Commission File Number: 001-39155

 

XP Inc.

(Exact name of registrant as specified in its charter)

 

Av. Chedid Jafet, 75, Torre Sul, 30th floor, 

Vila Olímpia – São Paulo 

Brazil 04551-065 

+55 (11) 3075-0429 

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F

X

  Form 40-F  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes     No

X

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes     No

X

 

 

 

 

 

 

 

TABLE OF CONTENTS

 

EXHIBIT  
99.1 Press release dated January 30, 2020 – XP Inc. Reports Preliminary Select Key Performance Indicators for 4Q19

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    XP Inc.
     
     
      By: /s/ Bruno Constantino Alexandre dos Santos
        Name: Bruno Constantino Alexandre dos Santos
        Title: Chief Financial Officer

Date: January 30, 2020

 

 

Exhibit 99.1

 

 

 

XP INC. REPORTS PRELIMINARY SELECT  

KEY PERFORMANCE INDICATORS FOR 4Q19

 

São Paulo, Brazil, January 30, 2020 – XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced today select preliminary key retail performance indicators, (KPIs) for the fourth quarter ended December 31, 2019. The presented information is preliminary, unaudited and subject to revision. It reflects XP´s management’s current views and may change.

 

1. Assets Under Custody (AUC)¹ (R$ in billions)

 

 

¹ These amounts do not consider AUC from institutional clients such as RPPS (Public Service pension plans) and insurance companies.

 

2. Active Clients² (‘000s)

 

 

² Active clients is the total number of retail clients served through XP’s brands with an AUC above R$100.00 or that have transacted at least once in the last thirty days.

 

3. Net Promoter Score (NPS)³

  

 

 

 

³ NPS, is an independent widely known survey methodology that measures the willingness of customers to recommend a Company’s products and services. The NPS calculation as of a given date reflects the average of the answers in the previous six months.

 

 

 

 

 

Guilherme Benchimol, XP Inc.’s CEO stated, “We are excited to deliver strong Key Performance Indicators for our retail business in the fourth quarter of 2019. These preliminary metrics reinforce the sustainability of our growth as we increasingly leverage our durable competitive advantages including our scale, superior product and services platform, differentiated technology, and our self-reinforcing ecosystem. We remain committed to continuing to execute on our strategies to build on our robust growth by increasingly penetrating our existing client base, expanding our ecosystem, and broadening our solutions capabilities. We look forward to building long-term value for all our shareholders as we move ahead in the coming years.”

 

Fourth Quarter Results Conference Call

 

The Company expects to release its complete fourth quarter and fiscal year 2019 financial results on March 17, 2020 after market-close.  More details will be provided at a later date. 

 

About XP

 

XP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

 

·Educating new classes of investors;

 

·Democratizing access to a wider range of financial services;

 

·Developing new financial products and technology applications to empower clients; and

 

·Providing high-quality customer service and client experience in the industry in Brazil.

 

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 600 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

 

Forward Looking Statements

 

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.

 

XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

 

For any questions, please contact:

 

Carlos Lazar, Head of Investor Relations  

Investor Contact: ir@xpi.com.br

     
André Martins, Investor Relations Specialist  

IR Website: investors.xpinc.com