Investor Presentaiton

RECORD HIGH REMITTANCES AND REBOUNDING MERCHANDISE EXPORTS MITIGATING GAP IN TOURISM REVENUES FDI totalled 3.6% of GDP in 1Q21, with equity and debt increasing by 31.3% and reinvestments falling by 46.3% y-o-y Sources: GeoStat Visitors and tourism revenues Sources: GNTA, NBG 2,200 14% 12.2% 11.6% Tourism revenues fell by 34% in 1H21, a marked improvement compared to the post-COVID trend, with June 2021 tourism revenues rebounding to 36% of June 2019 level 10.9% 12% 9.4 3500 8.7 1,700 1,200 700 200 Π 7.9 3000 10% 6.7 6.3 7.4% 7.5% 2500 5.7 5.9 8% 4.7 2000 1500 3.1 4.6% 6% 3.9% 3.7% 1000 4% 500 1.7 1.4 0.5 0 2% 2015 2016 2017 2018 2019 2020 1Q20 1Q21 (300) 0% Tourism Revenues, $ mn International Traveler Trips, mn Reinvestment of earnings, US$ mn FDI, % of GDP Equity and Debt, US$ mn Remittances at record high levels Source: NBG Remittance inflows continued growing at record levels, with 1H21 growth totaling 40.8% y-o-y million $ Merchandise exports Source: Georstat Goods exports grew by 25.5% y-o-y in 1H21 225 202 194 205 188 188 185 161 165 150 145 125 105 85 65 45 Jan Feb Mar 2018 Apr May Jun Jul Aug Sep Oct Nov Dec 2019 2020 2021 450 400 350 300 250 200 150 100 50 0 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18 Exports, US$ mn, LHS Feb-19 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 % change y/y, exports, RHS Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 141 80% 60% 40% 20% 0% -20% -40% GEORGIA CAPITAL Millions 22876543210

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