Renewable Energy Business Overview

-40% -30% 2010 Goods, net -20% 0% 10% 20% -5.6% -5.5% -10% -6.8% -8.1% -9.8% -10.2% -11.4% -12.2% -11.8% -12.5% 2011 Current transfers, net 2012 2013 2014 CURRENT ACCOUNT BALANCE ADJUSTING AFTER RECORD LOWS Current account balance (% of nominal GDP) 30% Sources: NBG GEORGIA CAPITAL Exports and Re-exports, US$ billion Source: NBG The CAB was -9.2% in 1H21, with the trade deficit slightly widening as imports bounced back, albeit more than compensated by remittance inflows 30% While service exports plummeted due to COVID-19, Georgian-originated goods exports have proven resilient throughout the crisis and afterwards 2015 2016 Services, net -Current account 2017 2018 2019 20% Service exports Goods exports, geo-originated Re-exports 1.0 0.8 0.5 1.1 0.9 0.4 0.3 10% 0.9 3.6 3.9 1.0 0.7 3.1 0.5 3.1 3.1 0.3 2.5 2.6 0.2 0.2 2.5 0.2 2.5 0.5 0% 0.1 3.3 0.6 0.1 1.9 0.0 1.8 2.1 1.6 0.0 0.0 0.0 1.3 1.4 4.0 4.5 4.6 0.5 10.5 0.6 0.7 1.0 2.6 3.0 3.0 3.1 3.3 1.4 1.9 0.5 0.6 0.7 0.9 1.1 1.3 1.3 1.6 2.0 1.6 1.0 0.9 -10% -9.2% -11.3% -12.4% 2000 2001 2002 2003 2006 2007 2008 2017 FDI (components and % of nominal GDP) -20% Source: Geostat Equity and Debt, US$ mn Reinvestment of earnings, US$ mn FDI, % of GDP 2,200 14% 12.2% -30% 11.6% 10.9% 12% 1,700 10% 7.4% 7.5% -40% 1,200 8% 2020 1H20 1H21 5.6% 4.5% 6% 700 3.9% 4% 200 I Investment income, net 2% FDI, inflows (300) 2015 2016 2017 2018 2019 2020 1H20 1H21 0% 82

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