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Investor Presentaiton

Source: IMF, WEO (October 2021) -5,000 -10,000 2013 PACE OF ECONOMIC RECOVERY IS HIGHER THAN EXPECTED Gross domestic product 2014 2015 Nominal GDP structure, 1H21 According to preliminary estimates, real GDP grew by 12.5% y-o-y in 1H21, including a 29.9% growth in 2Q21 20,000 16,489 I Nominal GDP, USD mn 17,189 17,625 --Real GDP, YOY % Accommodation and food service activities Information and Other communication 8% Industry 17% 3% 17,597 17,422 16% 3% 16,249 15,112 14,948 15,142 15,888 12.5% 15,000 12% 7.4% 6.4% 10,000 8,185 4.4% 4.8% 4.8% 5.1% 7,319 8% Healthcare 5% Education 4% 3.6% 3.0% 2.9% 5,000 4% Financial and insurance activities 5% 0 2016 2017 2018 Source: Geostat Georgia's medium-term growth rate forecast increased from 5.1% to 5.8% in the IMF's latest World Economic Outlook (October 2021) Comparative real GDP growth rates, % (2021-2026 average) | IMF 2019 -6.2% -6.0% 2020 1H20 1H21 5.8 5.2 4.6 4.4 4.4 4.3 3.9 3.8 3.7 3.6 3.3 do 50.0 40.0 30.0 20.0 2.5 2.0 1.2 -10.0 -20.0 Georgia Moldova Armenia Romania Estonia Turkey Latvia Poland Ukraine Czechia Lithuania Russia Azerbaijan Belarus -30.0 Source: Geostat 0% -4% Transportation and storage. 6% -8% Public administration and defence 7% Construction 8% Agriculture 7% Monthly Economic Activity Estimate, Y-o-Y growth Flash estimates show the economy growing by 11.3% Y-o-Y in 9M21 10.0 4.6 6.0 5.1 4.7 5.0 6.1 5.8 5.2 5.7 6.4 0.0 Source: Geostat Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 3.8 5.1 2.2 Jan-20 Feb-20 Mar-20 -2.7 13.5 -16.613 -7.7-5.5-5.3 Apr-20 May-20 Jun-20 -0.7-3.9 -7.7 -7.911.5 -5.1 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 4.0 Real estate 11% 44.8 25.8 18.7 9.910.36.9 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 78 Trade 16% GEORGIA CAPITAL
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