RESULTS CALL PRESENTATION

1Q23 Performance

17 May 2023 www.bankofgeorgiagroup.com

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Disclaimer - forward looking statements

This presentation contains forward-looking statements, including, but not limited to, statements concerning expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position and future operations and development. Although Bank of Georgia Group PLC believes that the expectations and opinions reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations and opinions will prove to have been correct. By their nature, these forward-looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, certain of which are beyond our control, include, among other things: macro risk, including domestic instability; geopolitical risk; credit risk; liquidity and funding risk; capital risk; market risk; regulatory and legal risk; conduct risk; financial crime risk; information security and data protection risks; operational risk; human capital risk; model risk; strategic risk; reputational risk; climate-related risk; and other key factors that could adversely affect our business and financial performance, as indicated elsewhere in this document and in past and future filings and reports of the Group, including the 'Principal risks and uncertainties' included in Bank of Georgia Group PLC's Annual Report and Accounts 2022. No part of this document constitutes, or shall be taken to constitute, an invitation or inducement to invest in Bank of Georgia Group PLC or any other entity within the Group, and must not be relied upon in any way in connection with any investment decision. Bank of Georgia Group PLC and other entities within the Group undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Nothing in this document should be construed as a profit forecast.

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The Group delivered a strong performance in 1Q23

Profit

ROE

C/I

NPS

Digital MAU

GEL 301.3M

27.9%

29.1%

58

1.2M

up 25.3% y-o-y

up 31.6% y-o-y

up 55.7% y-o-y

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Contents

MACROECONOMIC HIGHLIGHTS

GROUP OVERVIEW AND STRATEGY 1Q23 RESULTS

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Economic growth remained strong in 1Q23

Real GDP y-o-y growth

18.0%

14.6%

10.6%

2011-2022 2021 2022 1Q23E average

4.7% 10.5% 10.1% 7.2%

11.6%

11.0%

10.5%

9.7%

9.3%

8.8%

7.3%

8.3%

8.4%

7.2%

5.8%

2.6%

Key drivers of growth in 1Q23:

  • Resilient inflows from exports, remittances, and tourism
  • Increased activity in construction, transport and logistics, trade and hospitality sectors
  • Strong investment spending and recovery in consumption on the back of lower inflation

In 1Q23:

  • Export of goods up 24.7% y-o-y
  • Remittances up 130.3% y-o-y
  • Tourism revenues up 102.0% y-o-y

Jan-22

Feb-22

Mar-22

Apr-22

May-22

Jun-22

Jul-22

Aug-22

Sep-22

Oct-22

Nov-22

Dec-22

Jan-23

Feb-23

Mar-23

Source: GeoStat

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Attachments

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Bank of Georgia Group plc published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 06:19:08 UTC.