Investor Presentaiton slide image

Investor Presentaiton

STRONG ECONOMIC GROWTH IN 2Q21 REAL GDP GROWTH EXCEEDING 2019 LEVEL Real GDP growth in 1H21: 12.7% y-o-y 5.7% compared to 1H19 Source: Geostat 25.8% 20.8% 18.7% 8.8% 9.5% 70% 60% 44.8% 50% 40% 30% 20% 4.0% 10% -3.0% 0% -7.0% 1.2% -10% -5.1% -11.5% -20% -30% Jan Feb Mar Apr Real GDP growth, 2021 vs. 2020 COVID-19 pandemic-related mobility restrictions caused GDP to contract by 6.2% in 2020 and by 4.5% in 1Q21 With restrictions gradually eased, recovery gained impressive momentum in the second quarter of 2021, with real GDP up 29.8% y-o-y and up 12.6% compared to the second quarter of 2019 (pre-pandemic) Overall, real GDP growth during the first half of 2021 was 12.7% y-o-y, exceeding the first half of 2019 pre-pandemic level by 5.7% Robust growth in remittances and exports, and faster than expected rebound in tourism supported the recovery along with the fiscal stimulus May Jun Real GDP growth, 2021 vs. 2019 In the first half of 2021: Exports were up 25.2% y-o-y and up 5.3% compared to the first half of 2019 Remittances were up 40.8% y-o-y and up 34.4% compared to the first half of 2019 Tourism revenues accounted for c.21% of 2019 level, with tourism arrivals accelerating since April 2021 5
View entire presentation