Investor Presentaiton

Private large portfolio companies EXTERNALLY VALUED GHG'S TRACK RECORD OF DELIVERING STRONG RESULTS REVENUE, GROSS (GEL MILLION) CAGR 31.7% 426.4 246.0 975.4 920.3 849.9 747.8 +24.4% +46.4% 566.7 455.7 300.8 205.5 EBITDA1 (GEL MILLION) OPERATING CASH FLOW1 (GEL MILLION) GEORGIA CAPITAL EBITDA to cash conversion ratio¹: 81% 54% 54% 75% 84% 112% 191% 73% 149% 43% CAGR 20.0% +41.1% +86.7% 108.1 145.2 139.4 132.3 CAGR 28.1% -59.5% 156.5 -28.8% 78.0 121.2 56.1 83.3 99.6 59.0 46.2 24.7 45.4 58.2 42.4 88.1 47.4 33.7 35.7 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 2015 2016 2017 2018 2019 2020 2020 2Q21 1H20 1H21 CAPEX (GEL MILLION) ROIC (%) Start of the Capex Peak Capex stage Phase out from programme Capex programme Pursuing value creation and delivering strong operational performance 111.0 15% 12.7% 13.1% 9.4 89.3 71.2 10.8% 11.0% 9.6 63.7 9.6% 7.2 11.1 39.7 10% 101.6 30.3 79.7 13.0 15.1 21.8 64.0 11.9 52.6 6.8 10.0 4.4 7.3 5.0 27.8 20.3 2.2 5% 4.6 8.6 10.1 14.5 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 ■Development Capex ■Maintenance Capex Georgia Capital PLC | General note: 2019 and 2020 numbers are adjusted to exclude HTMC hospital, sold in August 2020. 1. Excluding IFRS16 impact 0% 2016 2017 2018 17.5% 16.1% 9.8% 7.7% 2019 2020 2Q20 2Q21 1H20 1H21 51

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