Investment and Growth Strategy

Private large portfolio companies EXTERNALLY VALUED HOSPITALS BUSINESS OVERVIEW (CONT'D) CASH FLOW HIGHLIGHTS1 1Q22 1Q23 Change y-o-y BED OCCUPANCY RATE Operating cash GEL 10.6 GEL (3.0)m Average 5.4 5.2 5.6 5.7 5.1 5.7 5.2 NMF flow length of stay EBITDA to cash conversion -21.9% 70.2% -92.1ppts Free cash flow GEL 8.6m GEL (9.4)m NMF -8.Oppts 54.7% 56.4% 53.1% 65.3% 54.3% 61.9% 53.9% 2018 2019 2020 2021 2022 1Q22 1Q23 16 NET REVENUE EBITDA1 Number of referral hospitals Gross profit margin (%) EBITDA margin (%) 1 2,524 41.4% 42.0% 37.5% 38.4% 36.0% 35.4% 35.0% 26.1% 25.6% 21.8% 23.0% 18.0% 19.2% 18.3% Number of referral hospital beds KGEL 117.8 GEL million 318.3 -4.4% 265.2 288.7 246.5 230.2 GEL million Revenue per referral bed 73.7 77.1 72 Emergency cars 2018 2019 2020 2021 2022 1Q22 1Q23 In Tbilisi and regions Georgia Capital PLC | General note: 2019 and 2020 numbers are adjusted to exclude HTMC hospital, sold in August 2020. 1.Excluding IFRS 16 impact. -9.7% 70.0 65.6 74.2 50.7 52.7 15.1 13.6 2018 2019 2020 2021 2022 1Q22 1Q23 GEORGIA CAPITAL 55

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