Investor Presentaiton

Wine business TELIANI VALLEY STRATEGY TARGETING FOR 2025... 1 Grow sales c.2.2x from 7.2 mln bottles in 2020 to 16.0 mln bottles in 2025 2 Maintain geographic diversification in export sales with focus on West European and North American markets (price per bottle is 85% higher on premium markets over other markets) 3 Launching direct sales representative offices in premium markets 4 Strong cost discipline targeting GP margin 44% and EBITDA margin 24% Georgia Capital PLC | Note: Bottle sales in 2025F includes 1,000k bottles Brandy sales. ...RESULTING IN GEORGIA CAPITAL CAGR 1H20 1H21 Growth 2020 2021F 2025F '21-25 Bottle sales, '000 2,349 3,644 55% 7,204 12,000 16,000 8% Exposure to Russia 25% 38% 13 ppt 33% 42% 20% -22 ppts Price, USD per bottle 2.3 2.0 -9% 2.1 2.0 2.4 4% Revenue, GELM 15.0 23.6 57% 49.6 77.5 120.9 12% Gross profit, GELM 5.5 10.7 95% 21.4 33.9 53.3 12% margin % 36% 45% 9 ppts 43% 44% 44% 0.5 ppts EBITDA, GELM 1.3 5.3 313% 11.0 18.0 28.5 12% margin % 8% 22% 14 ppts 22% 23% 24% 0.3 ppts REVENUE BY 2025 120+ GEL million EBITDA BY 2025 28+ GEL million 88

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