P&C Insurance and Beverages Business Financial Overview

Georgia Capital Consolidated IFRS Accounts Consolidated IFRS Income Statement Consolidated IFRS Statement of Cash Flow GEORGIA CAPITAL Consolidated IFRS Balance Sheet GEL '000, unless otherwise noted 2019 2018 change GEL '000, unless otherwise noted 2019 2018 Change GEL '000, unless otherwise noted 31-Dec-19 31-Dec-18 Cash and cash equivalents 1,243 256,930 Revenue Cost of sales Gross profit Operating expenses 1,473,437 1,282,995 (883,024) (789,884) 590,413 493,111 (317,927) (268,608) 14.8% EBITDA 272,486 224,503 11.8% 19.7% 18.4% 21.4% Net cash flow from operating activities Net cash flow from investing activities 256,291 (572,400) 163,502 56.8% (590,182) -3.0% Amounts due from credit institutions 40,299 Marketable securities 71,824 Accounts receivable 170,228 Of which, change in investment entity status Net cash flow from financing activities (248,735) 63,716 NMF Insurance premiums receivable 57,801 296,946 -78.5% Inventories 276,230 Investment properties 151,232 Prepayments 234 117,909 Share in profit of associates 357 Dividend income 24,953 Depreciation and amortisation (110,075) 247 23,875 (66,449) 44.5% Effect of exchange rates changes on cash and cash equivalents Income tax assets 2,405 (3,295) (8,416) NMF 4.5% Property and equipment 1,573,624 Net foreign currency (loss)/gain (41,663) (37,546) 65.7% 11.0% Net (decrease) increase in cash and cash equivalents Goodwill 142,095 (255,687) (138,149) 85.1% Intangible assets 51,471 Other assets 251,462 Equity investments at fair value 1,758,197 457,495 Net realized gains from investment 1,654 NME securities measured at FVPL Net realized gains from investment 1,187 NMF Cash and cash equivalents, beginning of the year Cash and cash equivalents of disposal group held for sale beginning of the period 256,930 securities measured at FVOCI Cash and cash equivalents, end of the period 1,243 346,239 48,840 256,930 -25.8% Assets of disposal group held for sale Total assets 1,759,674 3,621,005 NMF Accounts payable 143,114 -99.5% Insurance contracts liabilities Interest income 30,672 Interest expense (150,370) 23,275 (96,895) 31.8% 55.2% Income tax liabilities 68,207 1,119 Deferred income Borrowings Net operating income before non- recurring items 29,201 Net non-recurring items Gain from change in investment entity status (9,130) 588,828 71,010 -58.9% (41,251) -77.9% Debt securities issued Other liabilities NMF Profit before income tax expense Income tax expense Profit for the period 608,899 (4,633) 604,266 29,759 NMF (3,606) 28.5% 26,153 NMF 62,345 764,355 916,401 Total liabilities 7,653 7,653 235,771 2,191,312 Total equity attributable to 1,752,021 1,100,688 shareholders of Georgia Capital PLC Non-controlling interests 329,005 Total equity 1,752,021 1,429,693 Total liabilities and equity 1,759,663 3,621,005 Total profit/(loss) attributable to: -shareholders of Georgia Capital PLC 569,262 (254) NMF - non-controlling interests 35,004 26,407 32.6% - basic earnings per share 16.45 (0.01) NMF - Diluted earnings per share 16.09 (0.01) NMF Page 80

View entire presentation