Business Overview MercadoLibre OVERVIEW MercadoLibre hosts the largest online commerce The leading and payments ecosystem in Latin America e-commerce and Our efforts are centered on enabling e-commerce and digital and mobile payments on behalf of our Fintech platform in customers by delivering a suite of technology solutions across the complete value chain of Latin America commerce CONNECTING WE ARE THE LEADING TECHNOLOGY 140M ACTIVE USERS COMPANY IN DEVELOPING E-COMMERCE AND PAYMENTS WITH SOLUTIONS OUR ECOSYSTEM BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. ACTIVE USERS AS OF LAST TWELVE MONTHS BASIS Overview Net Revenues (US$M) $3,973 GMV TPV $2,296 Take rate $1,703 19% $1,440 2Q21 1Q21 17% $1,217 $844 $878 $7.0B $ 17.5B $652 12% 12% $557 11% 9% 23% 24% 8% 2Q20 1Q20 2014 2015 2016 2017 2018 2019 2020 2Q20 2Q21 $5.0B $ 11.2B BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Company Source GMV: Gross Merchandise Volume TPV: Total Payment Volume Overview MercadoLibre is well positioned to capture a significant market opportunity 18 COUNTRIES TOP OF MIND ENHANCED ECOSYSTEM The largest online payments In E-commerce and traffic Payments, Shipping, SaaS, network in Latin America leader Advertising 638M 362M 200M 76M Population Internet Online Active in Latam Users Shoppers Users * 1. Last 12 months BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Company source, eMarketer, World Bank. *In the quarter of 2Q'21 Our Achievements Our Achievements 1999 2000 2003 2004 2006 2007 2009 2012 2013 2014 2017 Company founded Launched Launched Launched Launched IPO Launched Top searched Launched Issued Launched from business operations operations Central brand on $330M in plan written at in 4 additional in Peru. America Brazil - Google convertible Stanford GSB. markets operations notes (DO - CR - PA) Launched operations in initial markets.(AR - BR - MX - UY). 2004 2007 2009 2010 Secured $8M AWARDSround of financing. Revista Info award Named Great Oracle Credit Suisse names for best website in Place to work. Innovation MELI one of 27 Brazil. Award. “Brands of Tomorrow” AdAge names MELI one of worlds “30 Hottest Brands” BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Our Acquisitions 2002 2005 2008 2011 2013 2014 2015 2016 2017 2018 2020 Auction Classifieds Logistics Payments Software BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Opportunities for growth Opportunities for Growth Evolution of eCommerce penetration 2018-2019 Significant growth US opportunity for Latam A compared to other China Argentina geographies Brazil India Mexico Online Buyers Online Buyers (as % of Internet Users) Internet Penetration (Internet Users / Population) BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: eMarketer 2019 and Statista 2019 Opportunities for Growth Industry Backdrop: Macro indicators BRAZIL ARGENTINA MEXICO CHINA USA POPULATION1 213M 45M 129M 1.439M 331M GDP1 CURRENT USA $1,44B $0,34B $1.08B $14,72B $20,93B GDP1 / CAPITA CURRENT USA $6.783 $8.524 $8.421 $10.484 $63.416 GDP1 , PPP CURRENT INTERN. $3,15B $0,94B $2,44B $24,14B $20,93B GDP1 , PPP / CAPITA $14.916 $19.740 $19.130 $17.192 $63.416 GDP1 GROWTH (4,06)% (9,9)% (8,2)% 2,3% (3,5)% INTERNET USERS2 147M 33M 80M 914M 290M ONLINE BUYERS2 61M 16M 20M 703M 202M 1. Data from 2020 | 3. Percentage of respondents who report having an account (by themselves or together with someone else). Can be an account at a bank or another type of financial institution (includes mobile account) – Data from 2018 2. eMarketer 2020. BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Opportunities for Growth Website and App Visits (M) Leading e-commerce website by unique visitors in Latam 4328 2195 487 2862 352 2708 2056 256 1897 167 200 1101 154 416 28 53 102 103 Argentina Brasil Chile 503 2407 9920 1717 4775 2956 201 2862 157 163 2056 80 96 441 453 472 1101 333 Colombia Mexico Latam BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: GfK, Q2 2021 Business Model Our Business Model Sellers pay commissions Sellers pay to set-up and on successful transactions, maintenance on equal to a percentage of the storefronts powered by us value of an item (or GMV) Partnership with leading carriers Broad offering of financial and logistic partners to provide services, including Efficient and reliable logistic payments processing. solutions: Drop Shipping, Gateway services, mobile Cross Docking and Fulfillment payments, credits and cards Credit solution to provide Advertisers promote their cash advances and working brands and products within the capital loans to professional MercadoLibre marketplace, sellers and loans to paying on a CPC basis for MercadoLibre buyers Product Ads and on a CPM basis for Display banners BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Company information Business Opportunities • E-commerce is expected to grow signicantly Clearly identified Market Growth • Presence in 18 Latam markets growth drivers Mobile • Mobile shift expanding customer base • Marketplace continues to push towards mobile users Logistics • Provide high levels of free shipping across marketplaces • Increase adoption of shipping and proprietary network • Increase adoption of off platform services Payments • Leverage on MELI’s ecosystem Credits • Expand consumer and merchant credits offering New Categories • Continue to grow high frequency categories (Supermarket & Groceries) Merchant Base • Grow volume coming from large merchants and branded retailers • Focus on UX to drive engagement and loyalty User experience • Focus on NPS for continuous improvement BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Marketplace U$S This service allows both businesses and individuals to list general 7B merchandising items and conduct their sales and purchases online GMV in either a fixed-price. Any Internet user in the countries in where we operate can browse through the various products that are listed on our website and register with MercadoLibre to list, bid for and 244M purchase products and services Sold Items The MercadoLibre Marketplace, is a fully automated, 38M topically-arranged and user-friendly online commerce Buyers service 4M Sellers BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Scompany Information Solid growth in Core Marketplace metrics YoY FXN YoY 46% 719 37% $ 20,927 $ 13,997 $ 12,505 $ 11,749 378 335 $ 8,048 270 $ 7,082 $ 7,151 $ 7,023 245 $ 5,045 181 179 128 101 2014 2015 2016 2017 2018 2019 2020 2Q20 2Q21 2014 2015 2016 2017 2018 2019 2020 2Q20 2Q21 GMV (US$M) Items Sold (M) BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Company Information We deliver the best 17 shopping experience FREE LOYALTY USABILITY PROTECTED CUSTOMER SHIPPING PROGRAM PURCHASE SUPPORT Convenience Rewards Easy to use Protects our Efficient our users buyers solutions BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Our Marketplace includes four types of sellers OFFICIAL TOP OTHER PROFESSIONAL HOBBY STORES SELLERS SELLERS SELLERS Brands and large retailers have their Large sellers own customizable landing page Other SMEs sellers Sale of used items Portfolio managed by MELI B2C commerce B2C commerce C2C commerce B2C commerce 20% GMV 8% GMV 67% GMV 6% GMV 1. Last 12 months BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Company Information Payment Solutions Mercado Pago is designed to facilitate transactions both U$S on and off the MercadoLibre Marketplace by providing 17B a mechanism that allows our users to securely, easily Payment Volume and promptly send and receive payments online Mercado Pago is currently available in: Argentina, Brazil, Mexico, Colombia, Chile, Uruguay and Peru 730M Payment Transactions Mercado Pago complements the MercadoLibre Marketplace, as an integrated online payments solution 62M Payers BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Scompany Information Solid growth in all Payments metrics $49,757 1,914 YoY FX neutral YoY $28,390 72% 80% 830 $18,456 $17,529 730 $13,732 $11,214 389 405 $7,754 $5,187 231 139 80 2015 2016 2017 2018 2019 2020 2Q20 2Q21 2015 2016 2017 2018 2019 2020 2Q20 2Q21 TPV ($M) TPN (M) - Transactions BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: Company Information Understanding LATAM payments 99% 99% 97% culture 94% 90% High non-bankarized Low debit card ownership 80% population 70% 59% 49% 46% 41% 37% 25% 26% Mexico Colombia Argentina Brazil USA Canada UK Mexico Colombia Argentina Brazil USA Canada UK Bankarized share of adult population Share of population with ownership of a Debit Card BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Source: World Bank, Global Fintech Data We offer a broad range of fintech services ON OFF MOBILE CREDITS CARDS PLATFORM PLATFORM MercadoLibre PSP mPOS Cash Advances Prepaid Cards PSP Gateway Wallet Merchant Cred Credit Cards Cross Border SDK Consum. Cred Gift Cards 1. Last 12 months BUSINESS OVERVIEW 2Q'21. © 2021 MercadoLibre, Inc. All rights reserved. Shipping Solutions Through Mercado Envíos, we offer a cost-efficient integration 230M with existing logistics and shipping carriers to sellers on our Items platform. Sellers opting into the program are able to offer a Shipped uniform and seamless integrated shipping