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Private large portfolio companies EXTERNALLY VALUED HEALTHCARE SERVICES BUSINESS OVERVIEW (CONT'D) HOSPITALS Bed occupancy rate CLINICS GEORGIA CAPITAL 17 19 15 Number of referral hospitals Average length of stay 4.9 5.2 5.5 5.4 5.2 5.6 5.6 5.4 5.4 5.6 Number of community clinics Number of polyclinics +23.9ppts +10.8ppts 66.2% 62.0% 353 c. 244,000 51.2% Number of community clinics beds Number of registered patients in Tbilisi 2,596 80% Number of referral hospital beds KGEL 117.9 63.0% 59.3% 61.6% 60% 54.7% 56.4% 53.1% 42.3% 40% Revenue per referral bed, 1H21 annualized 20% 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 CASH FLOW HIGHLIGHTS1 GROSS REVENUE² EBITDA¹ 2Q21 1H21 Gross profit margin (%) EBITDA margin (%)¹ 43% 46% 42% 42% 43% 39% 37% 43% 38% 43% Operating 27% 30% 26% 25% 26% 22% 13% 26% 17% 26% GEL 18.6m GEL 22.9m cash flow Change y-o-y -12.6% -55.8% 350 EBITDA to cash 70.8% 46.4% conversion GEL million CAGR 7.9% 305.6 2.9 293.0 5.1 265.4 246.1 38.3 44.4 250 285.8 14.5 46.7 +81.9% 195.0 150 +48.4% Change y-o-y -215.6ppts -185.0ppts 150 Free cash flow GEL 10.0m GEL 1.9m 192.3 100 +253.3% +120.5% 13.2 74.3 76.0 74.7 70.1 61.8 129.5 32.2 53.5 102.8 3.4 50 268.3 7.6 21.5 248.5 232.3 56.5 16.8 1.8 153.1 9.3 107.9 81.9 47.0 49.3 26.2 22.4 7.4 50 0 -35.1% -94.3% 2015 2016 2017 2018 2019 2020 ■Clinics Diagnostics Change y-o-y Hospitals Georgia Capital PLC | General note: 2019 and 2020 numbers are adjusted to exclude HTMC hospital, sold in August 2020. 1.Excluding IFRS 16 impact. 2. Sum of segments revenue does not reconcile to total revenue due to eliminations. 53 2Q20 2Q21 1H20 1H21 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21

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