GMV. Focused on Most Attractive Verticals. Building a Leading Online Consumer Platform. Customers since inception, as of March 31, 2017

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2 OPENING REMARKS IPO on April 12, 2017 GMV The Leading Sports and Lifestyle Online Retailer in LatAm Our ability to monetize our traffic has been critical for our growth Operating in a large, addressable market R$1.4bn R$1.9bn R$2.2bn R$0.5bn Q17 Focused on Most Attractive Verticals Sports High Gross Margin 35 45% Fashion Beauty Fast Replacement Cycle Easy to Ship 3 5 Months Up to 2 Kg Building a Leading Online Consumer Platform 13.3mm Customers 1 +21% YoY 10mm 76% Orders from Facebook Repeat Retailers in Brazil 2 Customers 1 Highest NPS Scores Among Online fans 1 Customers since inception, as of March 31, IBOPE DTM, as of December *CAGR from

3 NETSHOES IS STRATEGICALLY POSITIONED TO CAPTURE THE OPPORTUNITIES IN LATAM S MARKET 3

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5 STRONG AND CONSISTENT PERFORMANCE; ON THE PATH TO PROFITABILITY OPERATING AND FINANCIAL HIGHLIGHTS 5.6m active customers +17% YoY 2.5m 2.5m invoiced orders invoiced orders +21% YoY 39% of total orders coming from mobile devices +12 pp YoY BUSINESS UPDATE R$531m GMV +21% YoY or +25% YoY (FX neutral) 32.8% gross margin +2.6 pp YoY or 30.2% (excl. non-recurring effect) 0.8% EBITDA margin pp YoY or -5.0% +7.2 pp YoY (excl. non-recurring effect) 5

6 1Q17 OPERATING AND FINANCIAL RESULTS 6

7 GMV AND MARKETPLACE EXPANSION GMV (R$ millions) % YoY Growth INVOICED ORDERS (millions) % YoY Growth +21% AVERAGE BASKET SIZE (R$) % YoY Growth -3% +0.6% % +25% Q16 1Q17 1Q16 1Q17 1Q17 FX neutral 1Q16 1Q17 1Q17 FX neutral GMV geographical growth MARKETPLACE RAMP UP IN 1Q17 5.3% of total GMV 375 registered vendors Fully integrated IT plataform 5.3% 25% in Brazil 27% in LatAm (FX neutral) 0% 1Q16 % of GMV 1Q17 7

8 NET SALES GROWTH (R$ millions) Consolidated Brazil % YoY Growth % YoY Growth +17% % % Q16 Net Sales 1Q17 87% 90% 87% International -8% % 55.1 % YoY Growth 1Q16 1Q17 1Q17 FX neutral Brazil International 1Q16 1Q17 1Q17 Net Sales FX neutral 8

9 CONTINUOUSLY IMPROVING CORE BUSINESS WITH OPERATING LEVERAGE & COST CONTROLS Consolidated (in R$ millions and % of Net Sales) Adjusted Selling & Marketing Expenses¹ Gross Profit & Margin 29.4% -4.0 pp 25.4% 30.2% pp 32.8% 30.2% % -2.1 pp 8.9% Q16 Selling Expenses Marketing Expenses 1Q17 Total Selling&Marketing as % of Net Sales Marketing as % of Net Sales Adjusted G&A and Other Expenses² 13.0% pp -3.2 pp 6.6% 9.8% Q16 1Q17 1Q gross margin % gross profit and margin % without non-recurring effect of +10.1m from VAT credits 1- Adjusted S&M excludes amortization and depreciation. Non-IFRS financial measure (see reconciliation in the appendix of this presentation) 1Q16 1Q17 1Q17 G&A as % of Net Sales G&A as % of Net Sales without non-recurring effect of +12.9m from Stock Option Plan adjustment 2- Adjusted G&A excludes amortization / depreciation and includes other operating expenses and certain other financial result. Non-IFRS financial measure (see reconciliation in the appendix of this presentation) 9

10 EBITDA MOVING TOWARDS PROFITABILITY (in R$ millions and % of Net Sales) Consolidated¹ Brazil 1Q16 1Q17 1Q Q16 1Q17 1Q % pp (19.9) (5.0)% (28.6) -9.4% International 3.6% pp (10.0) -2.8% % of Net Sales EBITDA excluding non-recurring effects (42.6) -12.2% 1Q16 1Q17 1 -Consolidated numbers including holding expenses % of Net Sales EBITDA excluding non-recurring effects (11.4) -25.6% % of Net Sales (8.8) -21.5% 10

11 DEBT PROFILE AND PROFORMA POSITION POST IPO (R$ millions) Debt (In R$ Millions) 1Q16 1Q17 Working Capital Short-term Long-term Convertible Notes Short-term Long-term Debenture Short-term Long-term Finame (BNDES) Short-term Long-term Proforma TOTAL DEBT (R$) Short-term (%) 35% 23% 28% Long-term (%) 65% 77% 72% Main changes in Debt: As planned, total debt increased R$159.7 million to fund our operations R$61.7 million working capital loan with Banco Bradesco in September 2016 Issuance of US$ 26.8m (R$84.9m) in convertible notes in February 2017 Proforma improvement after IPO closing: Conversion of convertible notes into equity on April 18 th IPO net proceeds of US$ million (R$439.9 million) (-) Cash and Cash Equivalents (98.8) (84.6) (524.4) NET DEBT (R$) (132.8) 17 11

12 WORKING CAPITAL CYCLE EVOLUTION CONSOLIDATED CASH FLOW In Days Consolidated 1Q16 1Q17 Trade Accounts Receivable Inventories Trade Accounts Payable Cash Conversion Cycle Consolidated Cash Flow Statement (In R$ Millions) 1Q Q-2017 Net Cash Provided by (Used In) Operating Activities (78.4) (78.5) Net Cash Provided by (Used in) Investing Activities (18.3) (2.3) Net Cash Provided by (Used in) Financing Activities (50.1) 53.8 Effect of exchange rate changes on cash and cash equivalents (3.5) 0.3 Change in Cash and Cash Equivalents (150.3) (26.7) Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period

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15 APPENDIX

16 GMV RECONCILIATION GMV - Reconciliation (In R$ Millions) 1Q16 1Q17 Net sales Add (subtract): Sales taxes, net Returns Marketplace commission fees (0.1) (5.0) NCard activation commission fees 0.0 (0.2) Sub-Total: GMV from marketplace GMV

17 ADJUSTED OPERATING EXPENSE RECONCILIATION Adjusted Operating Expenses - Reconciliation (In R$ Millions) 1Q16 1Q17 Selling and Marketing Expenses (103.9) (101.5) Add (subtract): Depreciation and amortization Adjusted Selling and Marketing Expenses (102.3) (100.7) General and Administrative Expenses (46.3) (31.6) Add (subtract): Depreciation and amortization Adjusted General and Administrative Expenses (41.1) (24.4) Other Operating Expenses (1.7) (1.1) Certain Other Net Financial Result (2.6) (0.5) Adjusted Operating Expenses (147.6) (126.7) 17

18 FINANCIAL RESULT - RECONCILIATION Net Financial Result - Reconciliation (In R$ Millions) 1Q16 1Q17 Financial Income Financial Expenses (22.5) (38.3) Net Financial Result (14.74) (33.24) Subtract Certain Other Net Financial Result: Certain Other Financial Income: Foreign exchange gain 0.0 (0.4) Derivative financial instruments gain 0.0 (0.7) Other Financial Income (0.2) 0.0 Certain Other Financial Expenses: Foreign exchange loss Derivative financial instruments loss Bank charges Other Financial Expenses Net Adjusted Financial Result (12.1) (32.7) 17

19 EBITDA RECONCILIATION Consolidated EBITDA - Reconciliation (In R$ Millions) 1Q16 1Q17 EBITDA BRAZIL - Reconciliation (In R$ Millions) 1Q16 1Q17 EBITDA International - Reconciliation (In R$ Millions) 1Q16 1Q17 Net loss Net loss Net loss Add (subtract): Add (subtract): Add (subtract): Net Adjusted Financial Result Net Adjusted Financial Result Net Adjusted Financial Result Income tax expense - - Income tax expense Income tax expense Depreciation and amortization Depreciation and amortization Depreciation and amortization EBITDA EBITDA EBITDA Net Sales Net Sales Net Sales EBITDA Margin % -12.2% 0.8% EBITDA Margin % -9.4% 3.6% EBITDA Margin % -25.6% -21.5% 17