Despegar com : 1Q 2021 Despegar.com Earnings Presentation

1Q21 Earnings Conference Call

May 19, 2021

1

DISCLAIMER

This presentation includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market. Some of the factors, risks and uncertainties that might materially affect the forward-looking statements contained herein and may make an investment in our securities speculative or risky include, but are not limited to, the following: the ongoing COVID-19 pandemic is disrupting the global economy and the travel industry, and consequently adversely affecting our business, results of operations and cash flows, and it is difficult to predict the full extent of the impact that the pandemic will have on our Company; we are subject to the risks generally associated with doing business in Latin America and risks associated with our business concentration within this region; general declines or disruptions in the travel industry may adversely affect our business and results of operations; our business and results of operations may be adversely affected by macroeconomic conditions; we are exposed to fluctuations in currency exchange rates; if we are unable to maintain or increase consumer traffic to our sites and our conversion rates, our business and results of operations may be harmed; our business could be negatively affected by changes in search engine algorithms and dynamics or other traffic-generating arrangements; we operate in a highly competitive and evolving market, and pressure from existing and new companies, as well as consolidation within the industry, may adversely affect our business and results of operations; if we are unable to maintain existing, and establish new, arrangements with travel suppliers, our business may be adversely affected; we rely on the value of our brands, and any failure to maintain or enhance consumer awareness of our brands could adversely affect our business and results of operations; we rely on information technology, including third-party technology, to operate our business and maintain our competitiveness, and any failure to adapt to technological developments or industry trends, including third-party technology, could adversely affect our business; we are subject to payments-related fraud risk; any system interruption, security breaches or lack of sufficient redundancy in our information systems may harm our business; our ability to attract, train and retain executives and other qualified employees, particularly highly-skilled IT professionals, is critical to our business and future growth; our business depends on the availability of credit cards and financing options for consumers; internet regulation in the countries where we operate is scarce, and several legal issues related to the internet are uncertain; acquisitions could present risks and disrupt our ongoing business; we may not be able to consummate acquisitions or other strategic opportunities in the future; we are a foreign private issuer under U.S. securities regulations and, as a result, we will not be subject to U.S. proxy rules and will be subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. issuer; and the strategic interests of our significant shareholders may, from time to time, differ from and conflict with our interests and the interests of our other shareholders.

We operate in a competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this presentation. In particular, the COVID-19 pandemic, and governments' extraordinary measures to limit the spread of the virus, are disrupting the global economy and the travel industry, and consequently adversely affecting our business, results of operation and cash flows and, as conditions are recent, uncertain and changing

rapidly, it is difficult to predict the full extent of the impact that the pandemic will have. The words "believe," "may," "should," "aim," "estimate," "continue," "anticipate," "intend," "will," "expect" and
similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business
strategies, capital expenditures, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Forward-
looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements after the date of this presentation
because of new information, future events or other factors, except as required by law. In light of the risks and uncertainties described above, the future events and circumstances discussed in this
presentation might not occur or come into existence and forward-looking statements are thus not guarantees of future performance. Considering these limitations, you should not make any
investment decision in reliance on forward-looking statements contained in this presentation. This presentation includes industry, market and competitive position data and forecasts that we have
derived from independent consultant reports, publicly available information, industry publications, official government information, other third-party sources and our internal data and estimates.
Independent consultant reports, industry publications and other published sources generally indicate that the information contained therein was obtained from sources believed to be reliable. The
inclusion of market estimations in this presentation is based upon information obtained from third-party sources and our understanding of industry conditions. Although we believe that this
information is reliable, the information has not been independently verified by us. Trademarks and service marks appearing in this presentation are the property of their respective holders. This
presentation includes preliminary financial information which is subject to year-end audit and adjustment.	2

1Q21 Results -2020DiversificInitiationves:StrategyenlargingPartiallyfootprintOffsetsinkeyImpactmarketsof Covidand-19 and IncreasedbusinessMobilitytoRestrnavictionsgate thein Brazilnew normaland Argentina

GEOGRAPHIC

DIVERSIFICATION

FOCUS ON

PROFITABILITY

1Q21 Results

● Active recovery in Mexico and Colombia, and slight pick-up in Chile

● High level of volatility across South America (Ex- Colombia) reflecting second wave of Covid-19● Excluding Brazil and Argentina, Transactions +12% and GB +13%, sequentially.

● Total Gross bookings and Transactions were down 8% and 12% QoQ, respectively

● Exceptionally high take rate of 14.0%, and, 15.2% when excluding extraordinary cancellations ● Non-air revenue up to 68% of total revenues from 51% in 1Q20

● Mobile accounted for 50% of transactions in 1Q21, in line with 4Q20

● Structural Costs of $29.9 million, in line with previous quarter

● Diversification offsets impacts from local travel bans in certain geographies

● Higher take rate and share of non-air support stable QoQ revenues despite lower gross bookings● Cost controls and optimization of un-paid marketing channels

● Sequentially slightly higher EBITDA loss due to higher fulfillment costs and Covid-relatedexpenses● Solid cash position

3

Changes in GovernmentPlaceTo WeatherRestrictionsThis HealthAffectCrisisTravel Demand

Mobility restrictions eased

• non-essentialactivities reopened as of mid Feb'21.

Despite active vaccination since

mid Feb'21, another strong

lockdown was

imposed in metropolitan areas as of mid- March. Borders

remain closed since Apr'21.

1Q21 Restrictions

Localized restrictions lifted early Feb'21. However, some restrictions were again put in place at the end of Mar´21, without affecting civil aviation.

Restrictions in place since mid- Feb'21, including

curfews and bans on non- essential activities in key jurisdictions.

As of March 27, 2021, flights from Brazil, Chile, Mexico and UK were banned.. Entry

of non-resident foreigners is not allowed.

SIGNIFICANT VOLATILITY IN

DEMAND ACROSS KEY MARKETS

Brazil - # PassengersPassengers

Vis-a-vis 2019 (100=2019 levels) (1)

(100=2019 levels) (1)

• Mexico - # Passengers Vis-a-vis 2019 (100=2019 levels) (1)

1. Despegar Exposure based on 2019 GB mix (including pro forma VF & BD MX). Actual pax as of Apr´21 (2021-04-06). Source: , OAG, Amadeus Bookings, ANAC Brazil (for domestic4 market) and "Secretaría de Turismo México" (for domestic market)

2020 Initiatives: enlarging footprint in key markets and Well Positioned To Weather This Health Crisis

business to navigate the new normal

Strong Cash Position	Leaner & More
	Geographically
$325.7 million in Cash	Diversified
Company

Profit Maximization Strategy

BRAZIL	MEXICO
(As % of Total GB)	(As % of Total GB)

BRAZIL		MEXICO		OTHER

Taking our Revenue Toolkit to the	Sourcing
Next Level	Leveraging destinations with higher
		take-rate during summer months in
More quantitative approach considering	southern hemisphere (Jan-Feb),
all commercial levers:
●	Revenue,	Better commercial terms with suppliers
●	Marketing,	for packages in Brazil, Argentina and
●	Installments and	Andean countries.

• Loyalty

Positive contribution from Media Sales

Better Product Mix from Organic Initiatives and Previous Acquisitions

Non-Air

Share of Non-air68% Revenues: