3Q23 & 9M23 Performance Overview

Private large portfolio companies EXTERNALLY VALUED HOSPITALS BUSINESS OVERVIEW (CONT'D) GEORGIA CAPITAL CASH FLOW HIGHLIGHTS1 3Q23 9M23 BED OCCUPANCY RATE Operating cash flow GEL 21.7m GEL 14.8m Average length of stay 5.4 5.2 5.6 5.7 5.1 4.6 4.7 5.1 5.0 Change y-o-y NMF -19.5% EBITDA to cash 249.4% 39.9% conversion +4.8ppts +1.1ppts Change y-o-y 211.5ppts -7.9ppts 54.7% 56.4% 65.3% 53.1% 54.3% 43.6% 48.4% 52.1% 53.2% GEL Free cash flow 5.2m GEL (16.2)m 2018 2019 2020 2021 2022 3Q22 3Q23 9M22 9M23 Change y-o-y NMF NMF 16 Number of referral hospitals KGEL 117.6 Revenue per referral bed GEL million Gross profit margin (%) NET REVENUE 41.4% 42.0% 37.5% 38.4% 36.0% 33.9% 32.0% 35.2% 34.3% +2.0% 318.3 288.7 265.2 246.5 230.2 220.5 216.1 +2.6% GEL million 72 66.6 68.3 Emergency cars In Tbilisi and regions 2018 2019 2020 2021 2022 3Q22 3Q23 9M22 9M23 Georgia Capital PLC | General note: 2019 and 2020 numbers are adjusted to exclude HTMC hospital, sold in August 2020. 1.Excluding IFRS 16 impact. EBITDA margin (%) 1 EBITDA1 26.1% 25.6% 21.8% 23.0% 18.0% 14.8% 12.6% 17.5% 16.6% -3.8% 70.0 65.6 74.2 -12.3% 50.7 52.7 38.5 37.0 9.9 8.7 2018 2019 2020 2021 2022 3Q22 3Q23 9M22 9M23 55

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