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Investor Presentaiton

NAV STATEMENT | 1H21 GEORGIA CAPITAL 1.Value GEL thousands unless otherwise noted 31-Dec-20 Creation 2a. Investments 3.Operating 2b. Buybacks 2c. Dividends Expenses 4. Liquidity Management/ FX / Other 30-Jun-21 Change % Listed Portfolio Companies BOG¹ 531,558 43,836 575,394 8.2% Listed Portfolio Value 531,558 43,836 575,394 8.2% Listed Portfolio value change % 8.2% 0.0% Private Portfolio Companies Large portfolio companies 1,858,237 230,090 0.0% 0.0% (4,959) 0.0% 0.0% 8.2% 1,408 2,084,776 12.2% Healthcare Services Retail (Pharmacy) Water Utility Insurance 571,656 114,165 685,821 20.0% 552,745 27,657 580,402 5.0% 471,148 76,097 985 548,230 16.4% 262,688 12,171 P&C Insurance 197,806 13,081 Healthcare Insurance 64,882 (910) Investment stage companies 302,964 40,310 10,338 Renewable energy 209,902 17,103 2,948 (4,959) (4,959) (9,471) (9,471) 423 270,323 2.9% 423 206,351 4.3% 63,972 -1.4% 627 344,768 13.8% 627 221,109 5.3% Education 93,062 23,207 7,390 123,659 32.9% Others 214,929 26,213 250 996 242,388 12.8% Private Portfolio Value 2,376,130 296,613 10,588 (14,430) 3,031 2,671,932 12.4% Private Portfolio value change % 12.5% 0.4% 0.0% -0.6% 0.0% 0.1% 12.4% Total Portfolio Value 2,907,688 340,449 10,588 (14,430) 3,031 3,247,326 11.7% Total Portfolio value change % 11.7% 0.4% Net Debt (697,999) (10,588) of which, Cash and liquid funds 175,289 (10,588) 0.0% (3,199) (3,199) -0.5% 14,430 14,430 0.0% 0.1% 11.7% (10,837) (5,872) (714,065) 2.3% (10,837) 118,802 283,897 62.0% of which, Loans issued 108,983 49,208 158,191 45.2% of which, Gross Debt (982,271) (173,882) (1,156,153) 17.7% Net other assets/ (liabilities) 2,603 (7,259) 8,931 4,275 64.2% Share based compensation (7,259) 7,259 0.0% Net Asset Value 2,212,292 340,449 (3,199) (18,096) 6,090 2,537,536 14.7% NAV change % Shares outstanding 15.4% 0.0% -0.1% 0.0% -0.8% 0.3% Net Asset Value per share NAV per share change % 45,977,247 48.12 (119,162) 717,859 14.7% 46,575,944 1.3% 7.40 (0.00) 0.05 (0.00) (0.40) (0.69) 54.48 13.2% 15.4% 0.0% 0.1% 0.0% -0.8% -1.4% 13.2% Georgia Capital PLC | 1. Number of shares owned in BoG was 9,784,716 as of 30 June 2021. 157
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