OPEX Ratio Alignment & Portfolio Valuation Overview

AGGREGATED CASH BALANCE & NET OPERATING CASH FLOW DEVELOPMENT ACROSS PRIVATE PORTFOLIO ORGANIC TRANSITION TO REVENUE GROWTH STRATEGY FROM PREVIOUSLY ADOPTED CASH PRESERVATION STRATEGY TOTAL AGGREGATED NET OPERATING CASH FLOW (GEL MILLION) TOTAL AGGREGATED CASH BALANCE OF PRIVATE BUSINESSES (GEL MILLION) -39.2% -44.1% 149 +12.2% 31-Dec-20 31-Dec-21 GEORGIA CAPITAL -22.0% 337 -17.0% 317 -9.2% -5.6% 85 83 31-Mar-22 278 74 57 52 2Q20 2Q21 2Q22 1H20 1H21 1H22 Georgia Capital PLC | General note: Like-for-line numbers; excluding the performance of the water utility business. 30-Jun-22 263 45 45

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