Investor Presentaiton

Distribution business GDL STRATEGY GEORGIA CAPITAL 1 TARGETING FOR 2025... Focus on maintaining existing coverage and further enhancing scale ...RESULTING IN CAGR 1H20 1H21 Growth 2020 2021F 2025F '21-25 Revenue, GELM 41.6 47.4 14% 94.6 Gross profit, GELM 6.2 7.8 27% 13.9 (margin %) 14.8% 16.6% 1.7 ppts 16.7 14.7% 14.4% 116.4 168.1 10% 10% 24.3 14.5% 0.1 ppts 2 EBITDA, GELM 1.1 1.7 52% 3.0 3.8 Product portfolio diversification (margin %) 2.7% 3.6% 0.9 ppts 3.1% 3.3% 7.4 4.4% 18% 1.1 ppts 3 REVENUE 2025 Exploring export opportunities 168+ GEL million EBITDA BY 2025 7+ GEL million 114

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