Georgia Capital 3Q23 & 9M23 Performance Overview

Private investment stage portfolio companies EXTERNALLY VALUED RENEWABLE ENERGY BUSINESS OVERVIEW (CONT'D) PERFORMANCE HIGHLIGHTS RENEWABLE ENERGY PROJECTS OVERVIEW | 30 SEPTEMBER 2023 Generation, GWh 55.4 58.6 18.5 15.2 23.6 24.9 97.4 98.7 91.0 94.0 46.0 62.7 66.3 64.5 203.2 221.2 GEORGIA CAPITAL Commissioned Installed capacity projects Gross PPA (MWs) capacity factor (P50) expiration PPA tariff, US$/KWh Generation in deficit months 3,079 2,985 5,507 5,356 11,740 11,472 Mestiachala HPP 30.0 40% WME 896751 1,5321,620 5,0104,508 2,154 3,039 Mestiachala Hydrolea 3Q2023 Qartli WPP 3Q2022 Total Mestiachala Hydrolea 9M2023 1H34 5.5 72% 20.4 70% 2H23-2H28 Hydrolea HPPS Qartli Wind Farm 20.7 47% 4,3084,193 Total operating Qartli WPP Total 9M2022 71.1 5.5-5.6 79% 2H29 6.5 85% Note: Mestiachala HPP was commissioned in 1H19; Qartli Wind Farm and Hydrolea HPPS were acquired in 2H19 by GCAP. FINANCIAL HIGHLIGHTS EBITDA (US$ million) 3Q23 4.4 9M23 3Q23 9M23 8.3 Change (y-o-y) -2.7% -9.9% Cash flow from operations (US$ million) Change (y-o-y) 4.4 6.8 +1.0% -14.9% EBITDA margin, % 80.1% 72.8% Average sales price in (US$/MWh) 56.4 56.4 Change (y-o-y) -4.5ppts -6.2ppts Change (y-o-y) +3.9% +6.2% Dividend payment (US$ million) 2.0 Change (y-o-y) NMF -4.8% 63

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