Tbc Bank Group Plc · LSE:TBCG
Tbc Bank — FY2024 Earnings Presentation
75 slides from Tbc Bank's earnings presentation, 2025
Slide 1: 4Q and FY 2024 Results Investor Presentation
A TBC BANK Bay Group PLC 4Q ana FY 2024 Rema gue |vestor Presentation "nt IFRS consolidated figures = =
Slide 2: Disclaimer
DISCLAIMER By attending the meeting where this presentation is made, or by reading this document, you agree to be bound by the conditions set our below. The information, statements and opinions contained in this Presentation do not constitute a public offer under any applicable legislation or an off
Slide 3: TBC Georgia
Slide 4: 4Q 2024 in Numbers
4Q 2024 INNUMBERS GEL 335 min GEL 326 min GEL 37 min Resi +15% YoY +13% YoY 479% YoY Net profit! Net profit Net profit Ukraine Kazakhstan Uzbekistan 24.1% 24.6% 27.7% le ROE! ROE ROE Georgia Black «en Caspian Sea Armenia Azerbaijan Turk Turkmenistan +18% +14% +112% _ Loans YoY2 Loans YoY? Loans YoY
Slide 5: 2024: A Year of Strong, Profitable Growth
2024: A YEAR OF STRONG, PROFITABLE GROWTH Strong growth in both Georgia and Uzbekistan Record net profit, another year of 25%+ ROE TBC Uzbekistan scaling up fast and profitably, and launching new core products Increasing capital returns to shareholders, with a total distribution of 39% (1 FY 2024 ad
Slide 6: 2025 Strategic Targets Well on Track
2025 STRATEGIC TARGETS WELL ON TRACK Strategic targets Progress in 2024 Digital monthly active users say (Digital MAU) 7.0 min =a a a ge Net profit! GEL 1.3 bin, +15% YoY FG yy ROE! 25.6% <{ Dividend payout ratio 35% / 39% incl. buyback? N Digital monthly active users ¥ (Digital MAU) 5.9 min a e Loa
Slide 7: TBC's Compelling Investment Case
TBC’S COMPELLING INVESTMENT CASE Our dominant position and exciting high growth areas... Leading regional financial institution combining market dominance in Georgia with high growth in Uzbekistan LO World-class digital proposition via TBC Uzbekistan, bringing innovative digital banking and payments
Slide 8: Long-Term Growth and Profitability for Shareholders
LONG -TERM GROWTH AND PROFITABILITY FOR SHAREHOLDERS Our decade as a public company (13) (9) 23 3.3) (44 (59) 7.6 27.0% 26.5% 25.6% 24.9% 22.9% 22.4% 20.1% Covid-19 18.4% pandemic impact 322 809 o wo oF ” 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 MBNet profit (GEL min) ——-ROE ©) Monthly
Slide 9: TBC Georgia
Slide 10: Georgia's Economy Remains Robust...
GEORGIA’S ECONOMY REMAINS ROBUST... Real GDP Growth 95 7.8 11.0 10.6 5.0 -6.3 2024 2023 2022 2021 2020 2019 Annual Inflation and monetary policy rate (%) 15 10 19 MPR (EOP) Headline Source:Geostat, TBC Capital
Slide 11: ...And We Are Best-Placed to Capitalise
.. AND WE ARE BEST-PLACED TO CAPITALISE 1 ah 38>, 38>, Monthly active Total deposit Total loan customers (MAC) market share! market share! 68» 35x of newly registered Retail non-health businesses choosing insurance market TBC Bank? share? As of 31 December 2024 (1) Market shares are based on data pu
Slide 12: Maintaining High Growth in Georgia
MAINTAINING HIGH GROWTH IN GEORGIA Gross loans breakdown, 31 December 2024 GEL 24.9 bin y Other! Customer deposits breakdown, 31 December 2024 GEL 21.9 bin
Slide 13: Increasing Retail Digital Engagement
INCREASING RETAIL DIGITAL ENGAGEMENT Digital users (thousands) Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 ‘Digital MAU Digital DAU Share of consumer loans issued fully digitally 79% 66% 8% 58% 45% 48% 49% 2 4Q 2021 2Q 2022 4Q 2022 2Q 2023 4Q 2023 2Q 2024 4Q 2024
Slide 14: 2024 in Focus: Georgian Financial Services
2024 IN FOCUS: GEORGIAN FINANCIAL SERVICES Corporate / 0 MSME Achievements in 2024 Retail loan growth driven by focus on fast consumer loans (FCL), which rose 50% YoY on enhanced sales processes and increased digitalization Mortgage market leadership retained, with 46% market share In December, we l
Slide 15: TBC Uzbekistan
Slide 16: Uzbek Economy Continues to Post Strong Growth
UZBEK ECONOMY CONTINUES TO POST STRONG GROWTH Real GDP Growth 8.0 5.0 6.0 63 6.5 1.6 2019 2020 2021 2022 2023 2024 Annual Inflation and monetary policy rate (%) 20 15 10 5 0) SRsgagag FQUAHRAAARSSRRRAS STARA a2eEeEng oD 8 ENS oazsecCoaogoat cas & 26S PESB ooSSFSESHSSISSGasprss @<sZz0ogt AfeszcoA2e¢3
Slide 17: TBC Uzbekistan: Loan Book Doubles as Earnings Continue to Rise
TBC UZBEKISTAN: LOAN BOOK DOUBLES AS EARNINGS CONTINUE TO RISE Unique registered users (min) Gross loans (GEL min) Total operating income (GEL min) USD 626 USD 50 GEL1,758 GEL137 m DD oP PD oh oh oh oD ogo Wh 9% ok go WO ys ek og hohe? oe DD th oh > of ot? of? cr coh cam coh SH SY Sh AS gS? SP ASP?
Slide 18: 2024 in Focus: TBC Uzbekistan
2024 IN FOCUS: TBC UZBEKISTAN World Class Fintech Team Key senior hires in 2024, including Konstantin Kruglov, Head of Al, and heads of daily banking, cash lending, customer experience and design Attracting top international fintech talent, with 3,000 strong team comprising over 25 nationalities Al
Slide 19: A Suite of New Core Products Launched
A SUITE OF NEW CORE PRODUCTS LAUNCHED A TBC Osmon Credit Card Salom Debit Card TBC Business
Slide 20: TBC Uzbekistan Rapidly Gaining Market Share
TBC UZBEKISTAN RAPIDLY GAINING MARKET SHARE Unsecured consumer loan market share Deo-20 Deo-21 Dec-22 Dec-23 Deo-24 Retail market shares Deo-20 Dec-21 Dec-22 Dec-23 Deo-24 Retail deposits Retail loans Source: Central Bank of Uzbekistan, as of 1January 2025
Slide 21: TBC Uzbekistan Becoming a Material Contributor to the Group
TBC UZBEKISTAN BECOMING A MATERIAL CONTRIBUTOR TO THE GROUP FY 2024 Uzbekistan contribution in Group (% share) Net profit GEL1.3 bin Group net profit Total operating income GEL 2.8 bin Group operating income Retail deposit portfolio GELY.5 bin Group retail deposits Total unsecured consumer loans GEL
Slide 22: 4Q and FY 2024 Group Financial Results
Slide 23: Consistent and Strong Profitability
CONSISTENT AND STRONG PROFITABILITY Net profit (GEL min) #15%/+16%! 1,140 FY 2023 1,308 FY 2024 +15%/+18%! 4Q 2023 A/-1%! 3Q 2024 4Q 2024 ROE -0.9pp/-0.7pp! -1.1pp/-0.4pp! -2.5pp/-1.8pp! Ti 26.5% 25.6% 25.2% 26.6% er FY 2023 FY 2024. 4Q 2023 3Q 2024 4Q 2024 O Adjusted ROE! () Group net profit and RO
Slide 24: Operating Income Growth Driven by NII and F&C Income
OPERATING INCOME GROWTH DRIVEN BY NII AND F&C INCOME Total operating income (GEL min) Non-interest income (GEL min) 4+19% +23% 426% +40% 2,834 933 738 754 784 FY 2023 FY 2024 4Q 2023 3Q 2024 4Q 2024 FY 2023 FY 2024 4Q 2023 3Q 2024 4Q 2024 ™@ Netinterestincome Ml Non-interest income mNetF&C income —‘
Slide 25: NIM Has Stabilised
NIM HAS STABILISED NIM +0.0pp 6.7% 6.7% FY 2023 FY 2024 Source: IFRS Group Data 4Q 2023 3Q 2024 4Q 2024 Cost of funding, cost of deposit, loan and asset yields 13.2% 13.5% 12.9% 13.1% 12.9% ys —r —_—_——. —_—_ 12.3% 12.5% 12.6% 12.1% 12.4% 7 6.3% 5.6% Giks 5.7% 6.1% ——— ooo —_" —_—_—_——_———— 5.4% 5.4
Slide 26: Investing in Future Growth While Maintaining Efficiency
INVESTING IN FUTURE GROWTH WHILE MAINTAINING EFFICIENCY Total operating expenses (GEL min) Cost to income +25% +21% +1.7pp -0.7pp 49% +1.9pp 1,073 39.8% ty 36.2% 37.9% 2 37.2% 3% — —— 280 307 FY 2023 FY 2024 4Q 2023 3Q 2024 4Q 2024 FY 2028 FY 2024 4Q 2023 3Q 2024 4Q 2024 MStaffcosts I Administrative
Slide 27: Asset Quality Remains Healthy
ASSET QUALITY REMAINS HEALTHY NPLs (148%)(80%) — (138%)[ 74%) (142%)(75%) (142%)(72%) (144%) (72%) 2.2% ne 10% 2.1% s x a 31-Dec-23 31-Mar-24. 30-Jun-24 30-Sep-24 31-Dec-24. @NPLs/Grossloans Total NPLs coverage’ _ Provision coverage () Total NPL. coverage represents the sum of provision coverage and
Slide 28: Strong Balance Sheet Growth
STRONG BALANCE SHEET GROWTH Gross loans portfolio (GEL bin) +19%/+18%! #60659 y 31-Deo-23 30-Sep-24 31-Deo-24 Customer deposits portfolio (GEL bin) +12%/+10%! ele Y 31-Deo-23 30-Sep-24 31-Deo-24 (1) Growth rates at constant currency (2) Other includes Georgian leasing portfolio Source: IFRS Group Da
Slide 29: TBC Uzbekistan: Net Profit Hits USD 41 mln in 2024
TBC UZBEKISTAN: NET PROFIT HITS USD 41 MLN IN 2024 Net profit (GEL min) ROE 486% —__ 479% +0.9pp -2.0pp usD 41 26.0% 26.9% 29.7% 28.2% 27.7% - usD 13 —_____ FY 2023 FY 2024 ; 4Q 2023 3Q 2024 4Q 2024 FY 2023 FY 2024 : 4Q 2023 3Q 2024 4Q 2024 All figures are reported in Georgian Lari (GEL), with USD t
Slide 30: TBC Uzbekistan: High and Resilient Margins, Benign Asset Quality
TBC UZBEKISTAN: HIGH AND RESILIENT MARGINS, BENIGN ASSET QUALITY Cost of funding, NIM, and loan yield Cost of risk, NPLs and NPL coverage D 42.4% 7 i GAM | bntxS ——— 1 ——— 24.2% 24.4% 24.0% 25.0% 24.2% —— ed =S—o 9 23.5% 23.8% 22.4% 23.6% CEUSE FY 2023 FY 2024 4Q 2023 3Q 2024 4.2024 Loan yield Sourc
Slide 31: Retaining Material Capital Buffers...
RETAINING MATERIAL CAPITAL BUFFERS... +ot +t Yt GEORGIA UZBEKISTAN 23.8% oes 219% 23.2% 20.4% 16.8% —_—— = S55 19.8% ooo 16.8% oe 14.5% oo 13.0% == 10.0% 8.0% CET1 Tierl Total CET1 Tierl Total = Min. requirements = Min. requirements As of 31 December 2024 Capital adequacy ratios are calculated for t
Slide 32: ...And Returning More Capital to Shareholders
... AND RETURNING MORE CAPITAL TO SHAREHOLDERS Total dividend and share buyback (GEL min) Total DPS (GEL) +30% CAGR v (= (20% Jf 35% } (35%) (35%'][ 39%") 8.10! 7.22 499 5.45 393 348 3.66 a 2021 2022 2023 2024 2021 2022 2023 2024 Total dividend paid for the year Share buyback ODividend payout ratio
Slide 33: Appendix
Slide 34: Group: Profit and Loss Statement
GEL min Net interest income Net fee and commission income Other operating non-interest income Total operating income Total credit loss allowance Operating expenses Non-recurring impairment loss for the asset held-for-sale Profit before tax Income tax expense Profit (loss) for the period Adjusted pro
Slide 35: Group: Key Ratios
GROUP: KEY RATIOS 4Q 2024 FY 2024 Georgian financial Uzbekistan Group Georgian financial Uzbekistan services services Reported ROE! 24.6% 277% 24.1% 254% 26.9% 25.6% Adjusted ROE* 24.6% 277% 24.8% 254% 26.9% 25.8% ROA2 3.6% 7A% 3.3% 3.7% 7.2% 3.6% Cost to income 34.2% 47.2% 39.1% 32.7% 50.3% 37.9% C
Slide 36: Appendix: Georgia
Appendix Georgia
Slide 37: Shifting Toward Digital Channels
SHIFTING TOWARD DIGITAL CHANNELS Number of disbursed unsecured consumer loans in remote channels (000) +114% pele Gee 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Number of branch transactions (‘000) -50% 2021 2022 2023 m Average monthly branch transactions 2024 AZ
Slide 38: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 39: TNET: Our Digital Lifestyle Ecosystem
TNET: OUR DIGITAL LIFESTYLE ECOSYSTEM ©) TNET Number of listings (min) +33% v 4Q 2023 4Q 2024 Number of transactions (min) 42% v FY 2023 FY 2024
Slide 40: ESG Ratings and Scores
ESG RATINGS AND SCORES a As of May 2024, TBC Bank Group holds a rating of “AA” (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment MSCI Cl ) SC! Disclai The use by TBC Bank Group PLC of any MSCI ESG research LLC or its affiliates (“MSCI’) data, and the use of MSCI logos, trademarks, service m
Slide 41: TBC Bank: Sustainable Development Impact Disclosure
TBC BANK: SUSTAINABLE DEVELOPMENT IMPACT DISCLOSURE TBC Bank aims to contribute to the Sustainable Development Goals (SDGs) in Georgia through its financing and operational activities, setting impact targets and committing to reporting its progress on an annual basis Sustainable Portfolio Job Creati
Slide 42: Appendix: Georgian Economy
Appendix Georgian economy
Slide 43: Georgia Key Facts
Population Average age Nominal GDP 2024 GDP per capita F Gross international reserves Monetary policy 1 S| Credit Ratings rate (Dec-2024)
Slide 44: Economic Growth Remains Strong
ECONOMIC GROWTH REMAINS STRONG Real GDP growth (YoY, %) 1Q 2018 2Q 2018 3Q 2018 4Q 2018 Source:Geostat ——— 1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q. 2024 2Q 2024 3Q 2024 247 GDP composit
Slide 45: External Inflows Are Well Diversified
EXTERNAL INFLOWS ARE WELL DIVERSIFIED Exports, tourism, remittances and FDI (min USD) 5,000 mmm Export Tourism mame Remittances mm FDI 4,500 mmm IT Service Export —=Inflow 4,000 ——Inflow w/o Russia 3,500 3,000 2,500 2,000 1,500 1,000 sui Ill 1) SNSS59 GSS 98 558 SSS NGS SN 3 SSUES SIG SSR SSSSER ERE
Slide 46: The GEL Trades Around Its Long-Term Fair Value
THE GEL TRADES AROUND ITS LONG-TERM FAIR VALUE USD/GEL and GEL REER, as of 6-Feb-24 150 1.0 140 18 130 20 120 25 no 3.0 100 90 35 80 4.0 Ssssesesergye sree sagg s e425 2635588 €$s§ 2sRgrERBR AE SPsz2@F5RFZS8°ZPBES PCS CF 37235 —REER Trend —PPIREER —— USD/GEL (RHS, reversed) Note: PPI REER dats is es
Slide 47: Gross International Reserves Increase as NBG Starts Buying FX
GROSS INTERNATIONAL RESERVES INCREASE AS NBG STARTS BUYING FX, FISCAL DEFICIT REMAINS LOW Gross international reserves and NBG interventions (min USD) Fiscal and public debt/GDP (%) 6,000 70 1 1000 850 60 5,000 a! 4.446700 19 50 -2.4 -2.3 550 -2.6 27 35 2B 3 4,000 : : 40 6 3,000 30 7 2,000 20 10 x 1
Slide 48: Georgian Banking Sector Key Highlights
Loan and deposit growth YoY! (%) 35 i) Loans at current exchange rate (% of GDP) GEORGIAN BANKING SECTOR KEY HIGHLIGHTS 4 m Bank of Georgia mTBC Bank m Liberty Bank mBasis Bank ™ Credo Bank m Cartu Bank m Other Total Deposit Total Credit Top banks, by total assets as of 31 December 2024 ye-080 ve-Bn
Slide 49: Georgia: Key Macro Data
GEORGIA: KEY MACRO DATA 2021 2022 2023 2024 GDP Growth, YoY, % 10.6 11.0 78 95 GDP, current USD, USD billion 18.9 25.0 30.5 33.8 Inflation (EOP), YoY, % 13.9 98 04 19 Monetary Policy Rate (EOP), % 10.5 11.0 95 8.0 Current account Balance, % of GDP -10.3 45 4.3 4.6 Budget Balance, % of GDP -6.0 -3.0
Slide 50: Appendix: Uzbekistan
Appendix Uzbekistan
Slide 51: TBC Uzbekistan's Digital Growth Story
TBC UZBEKISTAN’S DIGITAL GROWTH STORY Number of unique registered users (EOP) Ad ec vz ipayme) 1.8 min » Acquired 51% of Payme, a leading payments platform 2019 nasiya 3.0 min TBC UZ received full banking license Beta launch of TBC UZ banking app, based on in-house fintech platform Space 2020 5.8 mi
Slide 52: NEW NEW NEW
NEW NEW NEW NEW NEW NEW NEW NEW NEW
Slide 53: USD 4.8 bln Payment Volumes in 2024, Up 37% YoY
USD 4.8 BLN PAYMENT VOLUMES IN 2024, UP 37% YoY Payments volume! (GEL bin) Payments breakdown by type FY 2024 (9k) (29k) (36x) (45k) (ex) GEL 13.0 USD 4.8 m P2P transfers m Service payments m Other? 95 74 48 " a FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 © Active merchants (EOP? (1) 99% of all transact
Slide 54: Appendix: Uzbekistan Economy
Appendix Uzbekistan economy
Slide 55: Uzbekistan Key Facts
Population Average age Nominal GDP 2024 [ Gross international reserves GDP per capita GDP per capita, PPP Monetary policy rate (Dec-2024) Credit Ratings
Slide 56: Economic Growth Remains Robust
ECONOMIC GROWTH REMAINS ROBUST Real GDP growth (Yoy, %) GDP composition, last 4 quarters Manufacturing (21%) m Agriculture (19%) Construction (7%) m Trade (6%) ™ Accomodation and food services (6%) Transportation and storage (5%) Mining and quarrying (3%) Information and communication (2%) BB2QHESAS
Slide 57: 2.6 2.4 1.8 1.8 1.0 0.2 -0.8 -2 -4 -4.3 -5.0 -5.6 -6 -6.8
4 2.6 2.4 2 1.8 1.8 1.0 0.2 0 -0.8 -2 -4 -4.3 -5.0 -5.6 -6 -6.8 -7.0 -7.7 -8 -10
Slide 58: UZS REER Broadly Stable, Gross International Reserves Almost 40% of GDP
UZS REER BROADLY STABLE, GROSS INTERNATIONAL RESERVES ALMOST 40% OF GDP USD/UZS and UZS REER International Reserves and Public Debt (% of GDP) 120 0 70 3 2 60 18 we 2000 Dy , 50 : 4000 0 80 -0.3 40 4 6000 a 51 30 “a 8000 3 40 20 10000 4 10 _ 12000 6 12871 ° ° 0 14000 2013 2014 2015 2016 2017 2018 20
Slide 59: UZS Depreciation vs USD Continues, While High Rates Persist
UZS DEPRECIATION VS USD CONTINUES, WHILE HIGH RATES PERSIST 1-year UZS deposit would have yielded considerably higher FX gains 18.7 18.4 167 15.9 BS ve 124 99 8.0 46 5S 46 44 : a a : a U 2019 2020 2021 2022 20.6 mUSD/UZS 1Y Appreciation WUZS 1Y Deposit Rate USD Gain from 1Y UZS Deposit mFX1Y Deposit
Slide 60: Uzbekistan Banking Sector Key Highlights
rowth YoY! (%) Loan and deposit Loans at current exchange rate (% of GDP) UZBEKISTAN BANKING SECTOR KEY HIGHLIGHTS 4 8 2 2-080 8 7-090 92-90 ve-Bny ye-Bny peady ve-unr ez-080 re-idy ¢-6ny ge. ve-Wed ez-dy €z-030 a) 490 2 = “ ony 8 g z-Bny = 2 dy ee-une B 2 @ & a 08 aay 2 \-08q & €Z-994 5 = 1z-6ny we
Slide 61: Retail Credit Penetration and GDP per Capita
RETAIL CREDIT PENETRATION AND GDP PER CAPITA 100 © Korea © United Kingdom 70 © Malaysia © France Germany Househhold debt to GDP, % a ro India © Chile 40 e South Africa © Israel e 7 @ Italy © GeofgBt22il © Czech Republic 30 © Croatia P Russia © Poland © Slovenia 20 8 Indonesia Kazakhstan @ Hungary 7
Slide 62: High Wages Imply Larger TAM in Uzbekistan for Retail Lenders
HIGH WAGES IMPLY LARGER TAM IN UZBEKISTAN FOR RETAIL LENDERS High Share of Non-Observed Economy (NOE) Uzbekistan Moldova’ Armenia" Albania" Tojikistan Kyrgyzstan Ukraine" Kazakhstan Georgia Belarus* Azerbaijan* Serbia* Mongolia* Bosnia and Herzegovina® MNon-Observed Economy, % of GDP (2023 or Latest
Slide 63: Uzbekistan: Key Macro Data
UZBEKISTAN: KEY MACRO DATA GDP Growth, YoY, % GDP, current USD, USD billion Inflation (EOP), YoY, % Monetary Policy Rate (EOP), % Budget Balance, % of GDP Government Debt, % of GDP USD/UZS (EOP) ‘Source: Uzstat, CBU, IMF, TBC Capital 2022 30.5 1,225.5 2023 32.5 12,338.8 2024 34.5 12,920.5 A 8
Slide 64: Appendix: Selected Financial Data
Appendix Selected Financial Data
Slide 65: Group: Balance Sheet Structure
GROUP: BALANCE SHEET STRUCTURE Assets structure (GEL bin) Liabilities structure (GEL bin) 40.2 38.0 33.0 31-Dec-23 30-Sep-24 31-Dec-24 31-Dec-23 30-Sep-24 31-Dec-24 m Cash and cash equivalents m Due to credit institutions tm Due from other banks and mandatory cash balances with NBG lm Subordinated d
Slide 66: Group: Loan Breakdown by Stages According to IFRS
GROUP: LOAN BREAKDOWN BY STAGES ACCORDING TO IFRS 9 Total: gross loans (GEL min) & LLP ratio! LLP Ratio 25,316 LLP Ratio 26,722 LLP Ratio 22,485 [1.6% iim | 16% 1.6% 80 37.0% 32.9% 317% m Stage 1 6.6% 5.5% 57% ™ Stage 2 23,144 O sas 0.5% 05% 0.6% 0 LLP ratio! 31-Dec-23 30-Sep-24 31-Dec-24 Georgia: g
Slide 67: Group: Loan Portfolio Asset Quality
GROUP: LOAN PORTFOLIO ASSET QUALITY NPLs (2.0%) (22%) (21%) (22%) (22%) Retail Georgia 1.7% 1.6% 1.4% 1.3% 1.4% - a —— < — CIB Georgia 1.4% 1.6% 15% 1.8% 1.6% o -- - aa ° MSME Georgia 3.4% 3.7% 3.7% 3.8% 44% o = * — “3 Uzbekistan 2.0% 2.2% 2.5% 2.7% 2.0% 4Q 2023 1Q 2024 2 2024 3Q 2024 4Q 2024 O Tota
Slide 68: Georgia: Loans Segment Breakdown
GEORGIA: LOANS SEGMENT BREAKDOWN Gross loan portfolio breakdown (GEL bin) Retail Georgia banking gross loans (GEL bin) 415% / 414%! 416% / 415%! v 23.9 75 47 2.8 31-Dec-23 30-Sep-24 31-Deo-24 31-Deo-23 30-Sep-24 31-Deo-24 MRetailGeoriga mCIBGeoriga mMSMEGeoriga m Other Georgia Mortgage loans Non-mor
Slide 69: Georgia: Deposits Segment Breakdown
GEORGIA: DEPOSITS SEGMENT BREAKDOWN Deposit portfolio breakdown (GEL bin) Retail Georgia banking deposits (GEL bin) +10% / +8%! +14% / 411961 y y 75 31-Dec-23 30-Sep-24 31-Dec-24 31-Dec-23 30-Sep-24 31-Dec-24 m Retail Georgia m CIB Georgia ml MSME Georgia m Other Georgia” mCurrent&savings m Term&CDs
Slide 70: Georgia: Loans and Deposits FX Exposure
GEORGIA: LOANS AND DEPOSITS FX EXPOSURE Gross loans 31-Dec-23 30-Sep-24 31-Dec-24 mGEL mUSD mEUR Source: IFRS Group Data Deposits 1% 31-Dec-23 mGEL 1% 30-Sep-24 mUSD mEUR m Other 1% 31-Dec-24
Slide 71: Georgia: Market Shares
GEORGIA: MARKET SHARES Loan market shares Deposit market shares Total Total Nes 39.1% 39.0% 38.7% ene 40.1% 39.5% 38.7% 38.4% caKpe ° _— — c — —e — 5 Legal entities Legal entities 40.7% 9 a ones 40.1% 39.7% 39.2% 44.9% 44.1% 42.6% 41.0% 40.8% ~ a —— Ss a an — —<- . Individual customers Individual cu
Slide 72: Georgia: Strong Liquidity and Diversified Funding Base
GEORGIA: STRONG LIQUIDITY AND DIVERSIFIED FUNDING BASE Liability structure Liquidity ratios! as of 31 December 2024 Total liabilities GEL 32bIn Customer Deposits m Due to Credit Institutions 1m Debt Securities in Issue and subordinated debt @ Other Liabilities 31-Dec-23 mNSFR mNBGLCR ( Netloansto de
Slide 73: Ratio Definitions
RATIO DEFINITIONS 7 1. Return on average total equity (ROE) equals profit attributable to owners divided by the monthly average of total shareholders’ equity attributable to the PLC’s equity holders for the same period; annualised where applicable. 2. Return on average total assets (ROA) equals prof
Slide 74: Glossary
GLOSSARY Terminolo; Defin CBU Consumer loans DAU/MAU Digital daily active users (DAU) Digital monthly active users (MAU) Georgian Financial Services (GFS) Gross/net loans Monthly active customers NBG Uzbekistan (UZ) Central Bank of Uzbekistan Unsecured loans to individuals Average daily active users
Slide 75: Investor Relations Contacts
Andrew Keeley Anna Romelashvili Investor Relations Director of Investor Relations Head of Investor Relations Department E-mail: AKeeley@Tbcbank.com.ge E-mail: ARomelashvili@Tbcbank.com.ge E-mail: IR@tbcbank.com.ge Tel: +44 (0) 7791 569834 Tel: +(995) 577 20 52 90 Tel: +(995 32) 227 27 27 Web: www.tb