Despegar com : 3Q 2022 Despegar.com Earnings Presentation

3Q22 Earnings Conference Call

November 17, 2022

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	DISCLAIMER
This presentation	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 uncertain and changing rapidly,
it is difficult to predict the full extent of the impact that the pandemic will have or when travel will resume to pre-pandemic levels.. 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
respective holders. This presentation includes preliminary financial information which is subject to year-end audit and adjustment.	2

Despegar Posts Strongest Post-COVID EBITDA Through a Disciplined Focus on Profitable Growth

• GBs +68% YoY to $1.1 billion, only 6% below 3Q19 levels
• • +75% YoY to $145.6 M, with take rate 60 bps above our long-term guidance
  • Total Operating Expenses were $93.9 M, 8.5% of GBs and 184 bps below 3Q21
  • Adjusted EBITDA increased to $12.0 M, the fourth consecutive positive quarter and highest level since COVID outbreak

• Koin maintains a strict focus on asset quality as our Take Rate

continues to outgrow expected losses	3

Through Innovative Products We Enhance.the Customer Journey while Strengthening our Competitive Advantage

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Tailor made

Multichannel

Affordable

Loyalty

Personalizing

Despegar

Launched Whatsapp as

Cheap

packages

Pasaporte

Despegar

landing page

based on

auxiliary sales channel

opaquing details (Airline

reached 9.3 M members;

customer history

under Best Day brand

& Hotel name), allowing

Today, approximately 5%

aggressive

sourcing on

of transactions

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guaranteed demand

point redemptions

Travel Demand Continues Recovering across LatAm, Driving Gross Bookings Up 69% YoY to Only 6% Below 3Q'19 Levels

Gross Bookings ($M)

● GBs +9% QoQ as we exploited strong recovery in international traffic to gain market share

● +47% YoY in ASPs that rose 11% vs 3Q19 levels

● 3Q22 industry international traffic at 68% of 3Q19

● GBs declined 13% QoQ on seasonal trends, but recovered 9%MoM in October as 4Q high season begins

● ASPs increased 25% YoY to 128% of 3Q19 levels

● 3Q22 industry International traffic at 84% of 3Q19

● Despite seasonal effect, GBs remained flat QoQ as international traffic still recovering across region

● +45% YoY in ASPs that rose 17% vs 3Q19 levels

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