Investor Presentaiton

GEL mln Wine business TELIANI VALLEY SALES & PROFITABILITY DYNAMICS 1.6X HIGHER REVENUE IN H1 2021 VS H1 2020 Net Revenue 29.9% CAGR 49.6 42.2 29.4 56.6% 23.6 15.1 2018 2019 2020 H1 2020 H1 2021 IMPROVED MARGINS IN H1 2021 VS H1 2020 -2.1ppts 24% 21% 22% 22% 8% -4.7ppts 48% 45% 43% 45% 36% EBITDA % Gross Profit % 2018 2019 ■2020 TH1 2020 E H1 2021 GEL mln 4X HIGHER EBITDA IN H1 2021 VS H1 2020 GEORGIA CAPITAL EBITDA 24.3% CAGR 11.0 7.2 8.7 1.3 313% 5.3 2018 2019 2020 H1 2020 H1 2021 High double digit revenue growth over the last 3 years mainly driven by increase in sales volume Stable gross profit margin in a healthy range of 43%-46% Increased profitability in 1H21 compared to 1H20, with EBITDA reaching 4x 1H20 level 89

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