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Investor Presentaiton

GEORGIA CAPITAL LEVERAGE & LIQUIDITY PROFILE LTV RATIO¹ IS ON TRACK TO THE TARGETED THRESHOLD OF <30% Pre-COVID average: 22% 30% 27.9% 25.8% 20.0% 19.2% 17.6% 44.1% 41.9% 33.5% 31.2% 28.9% 27.4% LTV Ratio US$ 140 MILLION LIQUID FUNDS AS OF 30-JUN-21 GEORGIA CAPITAL ■Cash 50 TOTAL 60 Marketable securities 60 140 26.4% US$ MILLION Loans issued LTV Ratio Target Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 6-Aug-21² 30 SOLID DIVIDEND INCOME OUTLOOK FROM PRIVATE PORTFOLIO COMPANIES 60-70 GEL MILLION IN 2021 DIVIDENDS RECEIVED 2Q21 1H21 (GEL million) P&C Insurance 5.0 5.0 Renewable Energy 4.7 9.5 Total 9.7 14.4 Georgia Capital PLC | 1. LTV Ratio - Loan to value ratio: net debt divided by the portfolio value. 2. Reflects BGEO share price and foreign exchange rate movements as at 6-Aug-21. 42 42
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