Investor Presentaiton
Track record of strong performance
ROAE
20%+
26.4%
26.1%
13.0%
30.7%
25.8%
2018*
2019**
2020
2021
1Q22
CAPITAL DISTRIBUTION
12
27.0%
21.4%
19.8%
18.9%
19.0%
Loan book YoY growth
22.0%
c.10%
19.0%
10.2%
11.6%
13.9%
2018
2019
2020
2021
1Q22
-Nominal
On a constant currency basis
REGULAR DIVIDENDS
GEL MILLIONS
Maintain regular progressive semi-annual dividend payouts: aiming at a 30-50%
dividend/share buyback payout ratio
PAYOUT
RATIO:
30% 36% 33% 34% 32%
30% 30%
25%
7.6%
Interim dividend of GEL 1.48 per ordinary share paid on 5 November 2021
At the 2022 Annual General Meeting, the Board intends to recommend a final
dividend for 2021 of GEL 2.33 per share payable in Pounds Sterling at the
prevailing rate
Adjusted for GEL 30.3mln demerger-related costs, a GEL 8.0min demerger-related corporate income tax
gain, a GEL 30.3mln one-off impact of re-measurement of deferred tax balances and GEL 3.9min (net of
income tax) termination costs of the former CEO
Adjusted for GEL 14.2mln (net of income tax) termination costs of the former CEO and executive management
Dividend yield for 2013-2019 and for interim dividend for 2021 is calculated based on the closing price of shares
immediately prior to ex-dividend date. Final dividend yield is calculated based on the closing price of shares on
10 May 2022
Final
dividend
4.0% 4.2%
3.1%
3.1% 3.2%
2.7%
2.4%
Interim
dividend
122 124
72
80
98 102
110
51
72
2013 2014 2015 2016 2017 2018 2019
Total dividend paid during the year
2020 2021 2022
Dividend yield***View entire presentation