Despegar com : 4Q 2022 Despegar.com Earnings Presentation

4Q22 Earnings Conference Call

March 16, 2023

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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 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 their respective
holders. This presentation includes preliminary financial information which is subject to year-end audit and adjustment.	2

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

Weak 4Q'22 results, due to unfavorable travel industry demand trends, followed by strong Q1'23

Healthy Take Rate drives revenue generation, leading to strongest post COVID EBITDA of $12.5 M

Profitability enables continued investments in strategic initiatives, reinforcing Despegar's leadership position

Well-positioned to generate profitable long-term growth and margin expansion

• Valuation discount provides attractive entrypoint

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1. GB Up 10% YoY, Despite Demand Weakness Across Markets, Particularly International Travel; Substantial Sequential Rebound in Jan & Feb 2023

Gross Bookings ($M)

● QoQ decrease in GB, mainly due to lower domestic air transactions, in line with profit-taking strategy

● ASPs +40% YoY and +47% vs 4Q19 levels

● 4Q22 travel industry demand at 100% of 4Q19

● GBs stable QoQ, and +44% YoY, as we continued to invest to further strengthen our brand awareness

● ASPs +38% YoY to 110% of 4Q19

● 4Q22 travel industry demand at 79% of 4Q19

● GB -7% QoQ, in line with weakness across the region, specifically for international travel

● ASPs +23% YoY and +22% vs 4Q19 levels

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2. Second Highest Take Rate of 2022 Drives 17% YoY Increase in Revenues

• Revenue ($ M) vs Take Rate (%)

Take Rate	11.4%	13.0%	14.0%	12.0%	13.0%	13.8%

+17%

Revenues +17% YoY to $145.5 M, and in line with pre-covid levels despite industry recovery at only 80%

Second highest Take Rate of the year at 13.8%, as we maintained focus on profit taking, specifically in Mexico and Argentina

• Cost of Revenue ($ M) vs Gross Profit

Gross Profit 91.9

70.8

69.9

89.3

95.2 +6% 100.6

-16%

As reported CoR declined 16% YoY, significantly below 17% revenue growth

Gross Profit continues increasing, surpassing 4Q19 levels by 10% and up 6% QoQ

Second highest 4Q gross profit in corporate
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