RESULT CALL PRESENTATION

4Q22 and FY22 Performance

16 February 2023 ww.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; regional instability risk; credit risk; liquidity and funding risk; capital risk; market risk; regulatory and legal risk; financial crime risk; information security and data protection risks; operational risk; human capital risk; COVID-19 pandemic risk; model risk; climate change 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 2021 and in 2Q22 and 1H22 results announcement. 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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Delivering value in 2022

Highlights of the quarter

December 2022

Profit

ROE

C/I

GEL 326m

33.7%

31.0%

up 62.4% y-o-y

Highlights of the year

NPS

MAU

58

1.1m+

up 31.5% y-o-y

Profit

ROE

C/I

GEL 1,132m

32.4%

32.0%

up 55.7% y-o-y

Profit, ROE, and cost to income ratio were adjusted for a one-off GEL 391.1m of other income due to the settlement of an outstanding legacy claim, and a one-off GEL 79.3m tax expense due to an amendment to the current corporate taxation model in Georgia

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Contents

MACROECONOMIC HIGHLIGHTS

GROUP OVERVIEW AND STRATEGY 4Q22 AND FY22 RESULTS

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Strong growth momentum maintained in 4Q22

Real GDP y-o-y growth

44.8%

2021

1Q22

2Q22

3Q22

4Q22E

2022E

10.5%

15.0%

7.2%

9.8%

9.5%

10.1%

25.8%

18.7%

18.0%

14.6%

9.9%

12.0%

10.6%

11.6%

9.7%

9.3%

8.8%

6.9%

4.0%

11.0%

10.3%

9.6%

10.5%

6.9%

7.2%

8.3%

-5.1%

2.6%

-11.5%

Dec-22

Nov-22

Oct-22

Sep-22

Aug-22

Jul-22

Jun-22

May-22

Apr-22

Mar-22

Feb-22

Jan-22

Dec-21

Nov-21

Oct-21

Sep-21

Aug-21

Jul-21

Jun-21

May-21

Apr-21

Mar-21

Feb-21

Jan-21

Key drivers of growth in 2022:

Resilient inflows from exports and remittances, full recovery in tourism revenues

Increased activity in transport and communication, hospitality and other services sectors

  • Strong rebound in domestic investment spending

In 4Q22:

  • Export of goods up 18.6% y-o-y (31.8% y-o-y growth full year 2022)
  • Remittances up 142.2% y-o-y (86.1% y-o-y growth full year 2022)
  • Tourism revenues exceeded 2019 level by 45.7% (7.6% growth vs. 2019 in full year 2022)

Source: GeoStat

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Bank of Georgia Group plc published this content on 16 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2023 07:08:02 UTC.