3Q21

ResultsNovember 11, 2021

This presentation, prepared by PagSeguro Digital Ltd (the “Company”), is solely for informational purposes. The information in this presentation does not constitute or form part

of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of the company or any subsidiary or affiliate of the

company, nor should it or any part of it form the basis of, or be relied on in connection with any contract to purchase or subscribe for any securities of the company or any of its

subsidiaries or affiliates nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

This presentation may contain forward-looking statements relating to matters such as continued growth prospects for the company, industry trends and product and technology

initiatives.

These statements are based on currently available information and our current assumptions, expectations and projections about future events. While we believe that our

assumptions, expectations and projections are reasonable in view of currently available information, you are cautioned not to place undue reliance on these forward-looking

statements. Our actual results may differ materially from those included in this presentation, for a variety of reasons, including those described in the forward-looking statements

and risk factor sections of our Annual Report on Form 20-F (File No. 001-38353) and other filings with the Securities and Exchange Commission (the “SEC”), which are available

on our investor relations website (http://investors.pagseguro.com) and on the SEC’s website (https://www.sec.gov).

All of the information included in this presentation is updated as of September 30, 2021. Except as may be required by applicable law, we assume no obligation to publicly

update or revise our statements.

Non-GAAP Financial Measures

This presentation includes the following financial measures defined as "non-GAAP financial measures" by the SEC: non-GAAP net income, non-GAAP total net revenue, non-

GAAP net take rate, non-GAAP total costs and expenses, non-GAAP administrative expenses, and non-GAAP net margin and Adjusted EBITDA. We present non-GAAP

measures when we believe that the additional information is useful and meaningful to investors. These non-GAAP measures are provided to enhance investors' overall

understanding of our current financial performance and its prospects for the future. Specifically, we believe the non-GAAP measures provide useful information to both

management and investors by excluding certain expenses, gains and losses, as the case may be, that may not be indicative of our core operating results and business outlook.

For an explanation of the foregoing non-GAAP measures, please see “Supplemental Information" included in this presentation. These measures may be different from non-

GAAP financial measures used by other companies. The presentation of this non-GAAP financial information, which is not prepared under any comprehensive set of accounting

rules or principles, is not intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with International

Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). Non-GAAP measures have limitations in that they do not reflect all

of the amounts associated with our results of operations as determined in accordance with IFRS. These measures should only be used to evaluate our results of operations in

conjunction with the corresponding GAAP measures.

For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures, see “Supplemental Information."

Disclaimer

2

1. Consolidated TPV: Acquiring TPV + PagBank TPV; where PagBank TPV includes prepaid card top-ups, cash cards spending, credit cards, mobile top-ups, wire transfers to different people, cash-in through boletos, bill payments, tax collections, P2P transactions, QR Code transactions, Loans, Super App and GMV;

2. Adjusted EBITDA: GAAP Net Income + Income Tax and Social Contribution – Other Financial Income + Depreciation and Amortization + FX Expenses + M&A Expenses + LTIP Expenses. Please see the Supplemental Information for a reconciliation of this adjusted financial measure;

3. Ex-ITC: Excluding Interchange and Card Scheme Fees;

4. Non-GAAP numbers: Non-GAAP financial measure. Please see the Supplemental Information for a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure;

5. Sales: Total Net Revenues and Income;

6. PagBank TPV: Includes prepaid card top-ups, cash cards spending, credit cards, mobile top-ups, wire transfers to different people, cash-in through boletos, bill payments, tax collections, P2P transactions, QR Code transactions, Loans, Super App and GMV;

7. PagBank Active Users: Active clients using one additional digital account feature/service beyond acquiring and consumers with a balance in their digital account on the last day of the month;

8. Excluding Other Financial Income (3Q21: R$45.9M; 3Q20: R$24.7M);

9. Active Merchants: At least one transaction in the last twelve month.

3Q21 Business Update

• PagBank Revenues of 239M, growing 79% y/y

• Record PagBank TPV6 of R$ 59B, up 158% y/y

• PagBank Active Users7 of 12.2M, with a Net Addition of 1.0M in 3Q21

• Deposits of R$ 6.2B, up 88% y/y and 25% q/q and PagBank CDs reaching R$ 2.7B

• Total Credit Portfolio of R$ 1.6B in Sep-21. NPL90 at single digit for the new cohorts (Aug-20 onwards). Total NPL90 at low double digits

• Record Total Revenue8 of R$ 2.5B, up 53% y/y

• Record Acquiring TPV of R$ 67B, growing 58% y/y ex-coronavoucher

• Hubs TPV grew >200% y/y. YTD Hubs TPV reaching ~15% of Acquiring TPV, surpassing 2021 initial estimates (6% to 11%)

• Active Merchants9 of 7.7M. +1.4M new merchants since 3Q20

• Adjusted EBITDA of R$ 818M, up 35% y/y

• Record Total Revenue of R$ 2.8B, growing 56% y/y

• All-time high Consolidated TPV1 of R$ 126B, growing 86% y/y

• Adjusted EBITDA2 of R$ 742M, up 40% y/y and margin of 27% or 41% (ex-ITC3)

• Non-GAAP Net Income4 of R$ 419M, up 27% y/y with Net Margin of 15% or 23% (ex-ITC3)

• CapEx per Sales5 decreasing from 33% in 3Q20 to 15% in 3Q21

Operating

& Financial Results

3

Solid performance on acquiring business…

ACCELERATING TPV GROWTHy/y growth | R$ billion

29,4

44,8

66,8

3Q213Q19 3Q20

+53%

+49%

4

LARGEST ACTIVE MERCHANTS1 BASE IN BRAZIL PagSeguro + MoIP | # million

5,0

6,3

7,7

3Q19 3Q20 3Q21

Market

Share6.4% 8.9% 9.5% to 9.7%

YTD TPV GROWTH y/y growth | %

MERCHANTS GROSS ADDITIONS Indexed to 100

+58%ex-coronavoucher

100

124 117

9M19 9M20 9M21

1. Active Merchants: At least one transaction in the last twelve months.

56%

32%

63%

>45%

9M19 2021Guidance

9M20 9M21

• Net adds impacted by

higher mortality

related to lockdowns

• Acquiring TPV not

affected due to LTM

activation metric

…driving up accelerated growth…

5

Successful HUB’s Strategy.

Lower take rate in larger clients

(HUB´s merchants TPV are

5X larger than longtail)

1. Excluding Other Financial Income (3Q21: R$45.9M; 3Q20: R$24.7M; 3Q19: R$30.8M);

2. Acquiring Net Take Rate: Excluding PagBank Revenues (3Q21: R$ 238.8M; 2Q21: R$ 182.1M; 1Q21: R$ 149.1M) and Transaction Costs (3Q21: R$ 60.8M; 2Q21: R$ 74.1M; 1Q21: R$ 63.6M);

3. TPV per Merchant: Acquiring TPV / Average Quarterly Active Merchants;

4. Adjusted EBITDA: GAAP Net Income + Income Tax and Social Contribution – Other Financial Income + Depreciation and Amortization + FX Expenses + M&A Expenses + LTIP Expenses. Please see the Supplemental Information for a reconciliation of this adjusted financial measure.

ACCELERATING TOTAL ACQUIRING REVENUES1

y/y growth | R$ billion

TPV PER MERCHANT3

y/y growth | R$ thousand

FLATTISH NET TAKE RATE2

As a % of Acquiring TPV

ADJUSTED EBITDA4 GROWTH y/y growth | R$ million

3Q203Q19 3Q21

6.0

7.4

8.8+23%

+18%

2.0

0.5

1.5

1.0

2.5 2.24% 2.18%

1Q21

2.24%

2Q21 3Q21

513

818

3Q19 3Q20 3Q21

607

+18%+35%

1,41,6

2,5

3Q213Q203Q19

+20%

+35%CAGR

+53%

…with SMBs boosting revenues and profits

6

HUBS OPERATION UPDATE

• YTD HUBs TPV represents ~15% of Total Acquiring TPV due to strong execution

• +300 HUBs up running in October, anticipating 2021 milestone

• Breakeven between 3 – 4 quarters and Payback between 4 – 5 quarters

• Software subscribers of 1.3M in 3Q21, 17% of PAGS’ active merchants

• Acquisition of Concil, one of the most disruptive fintech in 20211

• Speeding up product roadmap in 5 years in terms of conciliation

• Upselling existing merchants while cross-selling financial services

COMPLETE SOFTWARE SOLUTION

1. According to Daily Finance magazine.

Quarters after joining

HUBS EBITDA ANALYSIS BY COHORT Indexed to 100

Q5Q4Q1 Q3Q2 Q6

Breakeven point

The best reconciliation

solution for all types

of merchants

PagBank’s engagement boosting monetization…

Consumers

22,8

58,8

3Q20 3Q21

+158%

6,7

12,2

3Q20 3Q21

7

2.8x

3Q213Q20

2.8x

PRODUCTS PER USER y/

PAGBANK GROSS TAKE RATE As a % of Monetizable TPV

MONETIZABLE TPV3

y/y growth | R$ billion

8,1

12,4

3Q20 3Q21

+52%

+31 bpsq/q

1. PagBank Active Users: Active merchants using one additional digital account feature/service beyond acquiring and consumers with a balance in their digital account on the last day of the month;

2. PagBank TPV: Includes prepaid card top-ups, cash cards spending, credit cards, mobile top-ups, wire transfers to different people, cash-in through boletos, bill payments, tax collections, P2P transactions, QR Code transactions, Loans, Super App and Virtual Shopping GMV;

3. PagBank Monetizable TPV: fee-based transactions or with interest charges.

32% 46%

PAGBANK USERS1

# million

1,54%1,62%

1,93%

3Q211Q21 2Q21

PAGBANK TPV2

y/y growth | R$ billion

(76.5) (76.1)

3Q20 2Q21 3Q21

(100.7)

EBITDA

Margin

ADJUSTED EBITDA R$ million

-58% -55% -32%

PAGBANK REVENUES R$ million

133,3182,1

238,8

2Q213Q20 3Q21

+79%

…improving client convenience

3,3

6,2

3Q20 3Q21

+88%

AUC + DEPOSITS y/y growth | R$ billion

8

• 391k active investors

• 5 PagBank CDs with 2 products bundled with credit card offerings

• +70 investment funds available with several asset classes / strategies

• Treasury Bonds Trading Platform launched in September 2021

• Equity Research & Economy team focused on financial education

• Home Broker Trading Platform to be launched in the next weeks

NEW PARTNERSHIPS AVAILABLE PAGINVEST

NPL90 BY COHORT m/m

Total Credit Portfolio 1.6R$ billion

CREDIT PORTFOLIO Sep-21

Healthy asset quality with increasing credit origination

9

M10M6M4M0 M2 M8 M12

Pre-Pandemic Cohort

New Credit Models Cohort

189,1

604,1

3Q213Q20

+219%

19,7

66,4

3Q213Q20

+237%

277,0

882,7

3Q20 3Q21

+219%

57%

39%

4%

Credit CardsWorking Capital Other initiatives

WORKING CAPITAL LOAN y/y growth | R$ million

CREDIT CARD y/y growth | R$ million

OTHER PRODUCTS y/y growth | R$ million

Asset quality remains healthy

due to right credit policies

Delinquency rates under control at low

double digits, reaching single digit in the new

cohorts (after Aug-20)

New products: Overdraft Loans to merchants

Single digit

FINANCIAL EXPENSES y/y growth | R$ million

SELLING EXPENSES y/y growth | R$ million

Costs and Expenses Analysis

10

3Q19 3Q20

1%

72%

27%

79%

1%

20%

68%

23%

10%

3Q21

2.2

0.9

1.3

+44%

+66%

Cost of Sales and Services Financial ExpensesSelling Expenses²

1. Non-GAAP numbers are a non-GAAP financial measure. Please see the Supplemental Information for a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure;

2. Selling Expenses: Sum of Selling Expenses, Administrative Expenses and Others.

NON-GAAP TOTAL COSTS AND EXPENSES1

y/y growth | R$ billion

COST OF SALES AND SERVICES y/y growth | R$ million ITC Fee: strong acquiring TPV

growth and credit card TPV share

D&A: investments in R&D, technology

and POS devices

Personnel: expansion of HUBs

salesforce and PagBank team

Marketing: initiatives to consolidate

PagBank brand awareness

664,81.052,0

1.490,5

3Q203Q19 3Q21

+58%+42%

251,4 259,7

507,1

3Q213Q19 3Q20

+3%

+95%

6,5 16,3

209,8

3Q19 3Q20 3Q21

+150%

+1,191%

% Acquiring TPV 0.02% 0.04% 0.31%

Higher Volume of receivables

prepaid to merchants in 2021

Basic Interest rates: raising 3x in the

last 12 months (from 1.90% p.y. to

6.25% p.y.)

Lower Working Capital needs in

3Q20 due to lockdowns and acquiring

TPV mix towards debit and lower

durations on credit

4Q203Q20

1.22%

-1.38%-1.48%

2.30%

1.11% 1.31%

2.44%

-1.56%

2.58%

1Q21

1.40%

-1.60%

2Q21

1.40%

-1.55%

3Q21

2.35% 2.41% 2.43%

2.62% 2.65% 2.63% 2.59%

Financial Income

Transaction Activities

Transaction Costs

3Q21 Solid Results

11

33%

17% 15%

0

1,500

500

1,000

0

10

20

30

591.6

2Q213Q20 3Q21

407.3 425.8

CapEx / Sales POS Others

741

3Q212Q211Q21

573

629

+10% +18%

EBITDA

Margin27.7% 26.5% 26.7%

7.3

2.1

2.7

1.6

18.7 3.8

Assets Liabilities

22.4

13.7 Cash+Investments

Credit Portfolio

PagBank Balance Account

A/R from Issuers

PagBank CD’s

A/P to Merchants

Positive balance of

8.7R$ billion

STABLE CONSOLIDATED NET TAKE RATE1

As a % of Acquiring TPV

ADJUSTED EBITDA2 EVOLUTION R$ million

PAGS CASH POSITION Sep-21 | R$ billion

CAPEX / SALES R$ million

1. Net Take Rate = (Net Revenue from Transaction Activities and Other Services + Financial Income - Transaction Costs) / Acquiring Total Payment Volume. Excluding revenues and costs originated by membership fees. Please see the Supplemental Information for a reconciliat ion of this adjusted financial measure);

2. Adjusted EBITDA: GAAP Net Income + Income Tax and Social Contribution – Other Financial Income + Depreciation and Amortization + FX Expenses + M&A Expenses + LTIP Expenses. Please see the Supplemental Information for a reconciliation of this adjusted financial measure.

2021 Guidance

12

Acquiring

TPV

Capital

Expenditures

Depreciation &

Amortization

4Q20Initial Guidance

3Q21 Guidance Review

> 40%

R$ 2.0B

R$ 0.8Bto

R$ 1.0B

50% to 53%

~R$ 1.7B

2Q21 Guidance Review

>45%

~R$ 1.8B

NO UPDATER$ 0.8B

to

R$ 0.9B

Supplemental

Information

3Q21 Supplemental InformationReconciliation of GAAP measures to Adjusted EBITDA measure

R$ million 3Q21 3Q20

Net Income 321.6 263.4

( + ) Income Tax and Social Contribution 99.6 88.8

( + ) Depreciation and Amortization 203.3 101.5

( - ) Other Financial Income (45.9) (31.8)

( + ) FX Expenses 18.7 7.1

( + ) M&A Expenses 3.5 -

( + ) LTIP Expenses1 140.7 101.4

Adjusted EBITDA 741.5 530.4

141. LTIP Expenses: Stock-based compensation expenses in the total amount of R$ 140.7M (3Q20: R$ 101.4M), consisting of expenses for equity awards under our LTIP. We exclude stock-based compensation expenses from our non-GAAP measures primarily because they are non-cash expenses and the related employer payroll taxes

depend on our stock price and the timing and size of exercises and vesting of the equity awards, over which management has limited to no control, and as such management does not believe these expenses correlate to the operation of our business. The total of stock-based compensation expenses is allocated mainly between Cost of Sales

and Services, Selling Expenses and Administrative Expenses.

3Q21 Supplemental InformationReconciliation of GAAP measures to Non-GAAP measures

15

1. Share-based long-term incentive plan (LTIP): Stock-based compensation expenses and related employer payroll taxes. This consists of expenses for equity awards under our long-term incentive plan (LTIP). We exclude stock-based compensation expenses from our non-GAAP measures primarily because they are non-cash expenses

and the related employer payroll taxes depend on our stock price and the timing and size of exercises and vesting of equity awards, over which management has limited to no control, and as such management does not believe these expenses correlate to the operation of our business. In the three months ended September 30, 2021 and

2020, the amounts of R$ 140.7M and R$ 101.4M, respectively, were mainly related to new shares issued to preexisting LTIP beneficiaries, as well as the recurrent quarterly provision and expenses related to shares vested in the period including the update of our stock price and appreciation of U$;

2. M&A expenses: related to expenses for external consulting, accounting and legal services in connection with due diligence and negotiating M&A documentation for our acquisitions, and for the amortization of the fair value of the acquired assets in the amount of R$ 6.4M;

3. Income tax and social contribution on LTIP and M&A adjustments: In the three months ended September 30, 2021 and 2020, the amounts of R$ 47.1M and R$ 34.4M, respectively, consist of income tax at the rate of 34% calculated on the non-GAAP adjustments.

R$ million 3Q21 3Q20

Net Income 321.6 263.4

Share-based long-term incentive plan (LTIP)1 140.7 101.4

M&A expenses2 6.4 -

Income tax on LTIP and M&A adjustments3 (50.0) (34.4)

Non-GAAP Net Income adjustments 97.1 67.0

Non-GAAP Net Income 418.7 330.4

D&A and Financial Expenses Guide

16

FINANCIAL EXPENSES

68,3104,5

31,2 38,5103,0

388,0

0,48%0,27%

0,04% 0,03% 0,06%0,22%

-2,0

-1,5

-1,0

-0,5

0,0

0,5

0

100

200

300

400

500

600

700

800

900

1.000

2020201920172016 2018 9M21

F.E. as % of AcquiringTPV Financial Expenses

Brz

Interest

Rate13.0% 7.0% 6.5% 4.5% 2.0% 6.2%

• Before 2018: Receivables securitization to fund prepayment TPV

• 2018 - 2019: IPO proceeds provided capital for prepayment TPV growth

• 2020: acquiring TPV mix change towards debit volumes and lower WK needs

• 2021: Prepayment TPV growth leading to higher WK needs

CAPEX AND D&A

269,2

731,8

2.056,7

1.226,5

6,2%12,9%

30,2%

17,0%

-80

-60

-40

-20

0

20

40

2,000

1,000

3,500

500

1,500

2,500

3,000

2018 9M212019 2020

Capex / Sales Capex

• 2019: Merchant’s service improvement led to a Capex increase (from COGS to capex)

• 2020: Higher Capex levels due to Hub's investments + take out + 1.3M net adds

• 2021: Increasing investments in R&D to reinforce competitive advantages

• D&A: 5 years depreciation/amortization at 20% p.y. or 5% p.q.

R$ million R$ million

10%

90%

Point-of-Sales Technology

45%55%

72%

28%

54%46%

IPO

Proceeds

COVID-19

Crisis