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Investor Presentaiton

July 2020 Robust economic growth path (3/3) Comments Industrial output remained relatively stable in 2019, although a number of sectors demonstrated upward dynamics, incl. production of concrete and cement products (+27.7%), chemicals (+12.9%), pharma products (+3.7%) Gross fixed capital went up by 14.2% in 2019 showing increased investment demand in Ukraine Capital investments witnessed 15.5% growth (y-o-y) in 2019, solidifying Ukraine's prospects for quick economic recovery post Covid-19 outbreak and economic growth in the following years Industry has been the major contributor to capital investments in 2019 accounting for c.40% followed by construction and agriculture with 10% and 10% shares, respectively Capital investments split by sector for in 2019, % Gross fixed capital accumulation, % (y-o-y)1 30% 27% 24% 19% 25% 21% 20% 20% 18% 18% 18% 17% 15% 15% 10% 5% 5% 0% 13% 13% 13% 10% 7% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 '16 '16 '16 '16 '17 '17 '17 '17 '18 '18 '18 '18 '19 '19 '19 '19 Source State Statistics Service of Ukraine Capital investments dynamics UAH bn 251 326 413 526 584 Industry 22.6 17% 19.4 40% ■Construction Agriculture 15.5 12.8 9% US$ 22.6bn 11.5 ■Trade 16.4% 15.5% 22.1% 7% Transport 18.0% 7% (1.7%) State administration and security 10% 10% Other Source State Statistics Service of Ukraine 2015 2016 2017 2018 2019 Capital investments, US$ bn Real growth, % Source State Statistics Service of Ukraine Note 1 To the corresponding period of the previous year on a cumulative basis BA 27 27
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