FY20 Results and Strategy Overview

0 US$ million TOURISM SECTOR Tourism revenues to GDP Sources: NBG, Geostat Spending per arrival, 2018 Source: WDI 4000 3500 25% 20.3% 18.3% 18.8% 1200 1075 20% 3000 16.6% 1000 876 13.9% 811 803 781 2500 12.9% 763 749 15% 740 725 721 717 800 2000 9.9% 10.1% 589 8.6% 600 10% 1500 6.2% 5.4% 4.3% 400 1000 5% 200 500 0 0% 0 I Tourism Revenues, $ mn Tourism Revenues, % of GDP Arrivals to country's population, 2018 Source: WDI 5 4.1 4 3.3 3.3 2.8 3 2 1 2.4 2.1 1.9 1.8 Croatia Montenegro Cyprus Greece 1.0 Estonia Slovenia Albania Hungary Bulgaria Georgia 1.3 Latvia 13 1.3 10 1.0 Lithuania Czech Republic 1.0 10 0.6 0.6 0.5 Armenia Turkey Poland Ukraine 9M19 9M20 GEORGIA CAPITAL 432 161 Azerbaijan Cyprus Turkey Poland Czech Republic 800 700 600 500 364 400 258 300 200 144 27 100 Number of Tourists (overnight visitors) Source: GNTA The number of tourists fell by 79% in 2020, including a 92% fall since April Slovenia Armenia Georgia Croatia Estonia Greece 547 547 543 Montenegro 502 Bulgaria Hungary Latvia Lithuania Albania Ukraine 63 0.3 0.3 Azerbaijan 27 27 29 37 35 42 42 44 40 40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 2019 2020 43 43 76

View entire presentation