Investor Presentaiton

GEL mln Beverages business BEVERAGE BUSINESS Georgian Beverages Holding Combined Revenue 2021F GEL 249 MIN 31% growth y-o-y Wine Revenue 57% growth Total EBITDA 2021F GEL 27.8MLN 69% growth y-o-y Wine EBITDA 313% growth GEL mln 15.1 1H20 1H21 Beer Revenue 21.1 1H20 21% growth 25.5 1H21 23.6 GEL mln GEL mln 0.02 1H20 1.3 1H20 Beer EBITDA Tεliani VALLEY 0 GLOBAL GEORGIA 2 BEER GEORGIA CAPITAL GEORGIA DISTRIBUTION AND LOGISTIC 5.3 1H21 1.5 1H21 1 WINE Leading wine producer with 3 wineries and 740ha of vineyards #1 Georgian wine exporter globally, excl. Russia export, with 11.4% market share and 21 export markets #1 player on the local market with 28% market share 58% of production covered by owned vineyard harvest GEL 77.5m Net revenue 2021F GEL 18.0m EBITDA 2021F 23.2% EBITDA margin% Leading beer producer on the Georgian market with 22% local brewery market share Brand new brewery fitted with modern equipment and operating at a high level of efficiency #1 player in premium, craft and draught beer segment with locally brewed Heineken and craft beer Best in class portfolio of international and local brands GEL 55.0m Net revenue 2021F GEL 6.0m EBITDA 2021F 10.9% EBITDA margin% 3 DISTRIBUTION One of the largest distribution network platforms in Georgia 14,000+ active sales points covered (85%+ of the country) Over 9,000 sq.m. of warehouse area across 6 locations in Georgia and over 100 distribution vehicle fleet 30+ prominent brands and exclusive partnerships in alcoholic and non-alcoholic beverage segment GEL 116.0m Net revenue 2021F GEL 3.8m EBITDA 2021F 3.3% EBITDA margin% 74 78x growth Georgia Capital PLC | Note: Combined Revenue does not include group eliminations.

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