Tbc Bank Group Plc · LSE:TBCG
Tbc Bank — H1 2025 Earnings Presentation
35 slides from Tbc Bank's earnings presentation, 2025
Slide 1: 2Q and 1H 2025 Results Call Presentation
7 AX TBC BANK - ey Group PLC 2Q and 1H 2025 Results | game Call Presentation co 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: Business and Strategic Update
Slide 4: 2Q 2025: Maintaining Momentum
2Q 2025: MAINTAINING MOMENTUM Russia Ukraine Kazakhstan — oo Georgia Uzbekistan Black Sea Caspian Sea Armenia 1 erbaijan Turkey Turkmenistan Strong Group ROE of >24% @ Solid top-line growth in Georgia, Uzbekistan doubles loan book and tops 20 min users TBC Uzbekistan continues to expand its ecosyste
Slide 5: Georgia
n't i TAT Te] ep a ew a KET TE en
Slide 6: Georgia's Economy Maintains Strong Growth
GEORGIA’S ECONOMY MAINTAINS STRONG GROWTH Real GDP Growth 10.6 11.0 94 78 8.3 7A 5.0 -6.3 2019 2020 2021 2022 2023 2024 12025 2025 Annual Inflation and monetary policy rate (%) 15 PRIS FS HTT HVS IPAS SLLISRS LSTA SHR E SKA SPSGSSESHPS IS SES SCS SQ aes Psy ygs as SESS ae uy S268 <5 2062 eZ ZOAl LZ
Slide 7: Our Georgian Franchise Delivers Consistently High Profitability
OUR GEORGIAN FRANCHISE DELIVERS CONSISTENTLY HIGH PROFITABILITY Net profit and ROE 9 27.8% 26.4% 26.9% 26.5% 23.7% 247% 24.0% 24.6% 934%, 23.9% 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Net profit (GEL min) —=_ROE (1) Growth rate at constant currency
Slide 8: TBC Remains a Market Leader
TBC REMAINS A MARKET LEADER Monthly active customers (MAC) Total loan market share! Total deposit market share! Newly registered businesses choosing TBC Bank? (1) Market shares are based on data published by National Bank of Georgia (2) Based on internal estimates (3) Growth rate at constant currenc
Slide 9: Increasing Digital Engagement
INCREASING DIGITAL ENGAGEMENT Digital users (thousands) 46% 46% 47% 47% AT% Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 ‘Digital MAU Digital DAU DAU/MAU Share of consumer loans and retail deposits issued fully digitally 68% 70% 60% Cx om 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Loans —e—Deposits
Slide 10: TBC Bank Named Best Digital Bank in Georgia
TBC BANK NAMED BEST DIGITAL BANK IN GEORGIA in Georgia * * App features: Daily banking Investments Lending products Lifestyle & Loyalty Savings More than just banking Euromoney Awards for Excellence 2025 Total Available 1818.00 « TBC card Consumer Loan Effective: from 18% Set the limit
Slide 11: TBC Uzbekistan
Slide 12: Uzbekistan's Economic Growth Remains Strong
UZBEKISTAN’S ECONOMIC GROWTH REMAINS STRONG Real GDP Growth 7.4 7.2 8.0 65 6.3 6.0 5.0 1.6 2020 2021 2022 2023 2024 1H 2025 2025 2019 Annual Inflation and monetary policy rate (%) sc-oeq $2390 gz-6ny g¢-unr st-dv $¢-994 2-080, 92-90 ve-Bny ye-unr ve-ady ¥e-994 €c-08q £7190 ez-6ny gc-une eeudy €2-494
Slide 13: TBC Uzbekistan: Record Operating Income as Loan Book Tops USD 900 mln
TBC UZBEKISTAN: RECORD OPERATING INCOME AS LOAN BOOK TOPS USD 900 MLN Unique registered users (min) Gross loans (GEL min) Total operating income (GEL min) USD 905 USD 62 197208 GEL 2,464 GEL170 161 18.4 9 71 Bs & &. Bsiat ee. Bist a om a Ra & Rg PP OP Ae OO QO" AO” 0" WO" Ao Net profit (GEL miny' Us
Slide 14: Key Developments Across Our Digital Ecosystem
KEY DEVELOPMENTS ACROSS OUR DIGITAL ECOSYSTEM 516k 1.9% Insurance Salom debit cards issued Share in our total UZ 180 (cumulative) deposit portfolio te k TBC Business highlights, as of 30 June 2025 la ~ AX tec credit card 2.3k 1.5k Registered customers Loans issued HS ( wo . >) Our partnership with B
Slide 15: Increasing Market Share and Contribution to the Group
INCREASING MARKET SHARE AND CONTRIBUTION TO THE GROUP Retail loans market share 5.1% Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Jun-25 Retail deposits market share 41% 36% 3.0% 19% Cag 0.0% Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Jun-25 Source: Central Bank of Uzbekistan, IFRS Group Data 2Q 2025 Uzbekistan contr
Slide 16: Group Financial Results
Slide 17: Strong Profitability with ROE >24% in 2Q
STRONG PROFITABILITY WITH ROE >24% IN 2Q Net profit (GEL min) +5% 8% +6% +9% 2 2 626 665 329 319" 346 1H 2024 1H 2025 2Q 2024 1Q 2025 2Q 2025 (1)1Q 2025 Group net profit and ROE include a non-recurring credit impairment charge of GEL 24.6 min (pre-tax) in Uzbekistan Source: IFRS Group Data ROE —— a
Slide 18: Operating Income Up by 23% YoY in 2Q Driven by Core Revenue Growth
OPERATING INCOME UP BY 23% YoY IN 2Q DRIVEN BY CORE REVENUE GROWTH Total operating income (GEL min) Non-interest income (GEL min) +23% +15% nn ns 7 +24% +8% #25% 45% = 7 pow nn 2 1,609 494 835 774 241 253 220 1H 2024 1H 2025 2Q 2024 1Q 2025 2Q 2025 1H 2024 1H 2025 2Q 2024 1Q 2025 2Q 2025 ™@ Netinter
Slide 19: NIM Increase Driven by Uptick in Georgia and Rising Uzbekistan Contribution
NIM INCREASE DRIVEN BY UPTICK IN GEORGIA AND RISING UZBEKISTAN CONTRIBUTION Cost of funding, cost of deposit, loan and asset yields NIM +0.7pp 07pp +0.5pp +0.4pp 14.3% 14.0% Uses a oo Ann a 14.1% 12.3% 12.2% . 79 6.8% 5.9% ore 6.0% Bae ° 6.9% ———. _—— oo 6.4% mC ————, 5.3% eps 5.2% OG oo 1H 2024 1H
Slide 20: Investing in Future Growth While Maintaining Efficiency
INVESTING IN FUTURE GROWTH WHILE MAINTAINING EFFICIENCY Total operating expenses (GEL min) Cost to income +22% -0.2pp nn ns 7 +24% +9% -0.1pp +0.4pp = 7 pow nn 2 ~~ Y 37.5% 37.4% 37.8% 37.2% 37.6% ——___,___—_@ 602 —- 314 257 288 1H 2024 1H 2025 2Q 2024 1Q 2025 2Q 2025 1H 2024 1H 2025 2@ 2024 1Q 2025
Slide 21: Higher Risk Costs Driven by Increase in Uzbekistan
HIGHER RISK COSTS DRIVEN BY INCREASE IN UZBEKISTAN NPLs Cost of risk (142%)( 75%) (142%)(72%) (144%)(72%) (140%)[74%) (142%) (78%) +1.1pp “tpp +0.8pp +0.2pp ~Y 2.5% 2.5% 15% ues 1.6% 2.2% 2.2% - 2.1% 0.7% i = 30-Jun-24 30-Sep-24 31-Deo-24 31-Mar-25 30-Jun-25 4H2024 1H 2025 20.2024 4.2025 20.2025 ——
Slide 22: Strong Balance Sheet Growth
STRONG BALANCE SHEET GROWTH Gross loans portfolio (GEL bin) 4+16%/+16%! 496/439! v 27.4 30-Jun-24 31-Mar-25 30-Jun-25 Customer deposits portfolio (GEL bin) H13%/+14%! 4% /449%! v 20.7 30-Jun-24 31-Mar-25 30-Jun-25 (1) Growth rates at constant currency (2) Other includes Georgian leasing portfolio (3
Slide 23: TBC Uzbekistan: Net Profit Up by 36% YoY in 2Q, Operating Income Doubles in 1H
TBC UZBEKISTAN: NET PROFIT UP BY 36% YoY IN 2Q, OPERATING INCOME DOUBLES IN 1H Net profit (GEL min) Total operating income (GEL min) (25.7%) (16.9%) (27.8%) (13.7%) (20.0%) +36% +86% nn 2 | ny +28% +50% +100% +5% —Y —— 5 usb 119 GEL331 usD19 GEL54 USD 62 42 usb 12 165 161 GEL170 GEL 32 24 22" ” 1H20
Slide 24: TBC Uzbekistan: Strong Margins, Cost of Risk Ticks Up on Test and Learn Approach
TBC UZBEKISTAN: STRONG MARGINS, COST OF RISK TICKS UP ON TEST AND LEARN APPROACH Cost of funding, NIM, and loan yield sy 19/ yy 43.6% 43.5% 44.1% 44.2% 42.7% —_—_——“s —_——_— 23.6% 23.7% 23% 747% — a9. 9% o—_—__—» ————_, 24.0% 2 123.3% 22.9% 23.1% 1H 2024 1H 2025 2Q 2024 1Q 2025 2Q 2025 —e=Loan yield
Slide 25: TBC Uzbekistan: Loans More Than Double YoY as Book Diversifies
TBC UZBEKISTAN: LOANS MORE THAN DOUBLE YOY AS BOOK DIVERSIFIES Total gross loans portfolio (GEL bin) UZ gross loans breakdown, 30 June 2025 +105% v +15% Credit cards Instant cash USD 905 eras GEL 2,464 sre 2,150 usiness 1,202 POS 30-Jun-24 31-Mar-25 30-Jun-25 All figures are reported in Georgian Lar
Slide 26: Retaining Material Capital Buffers
RETAINING MATERIAL CAPITAL BUFFERS +9e C= | + } + az GEORGIA UZBEKISTAN 23.0% 19.8% ols ; 20.0% aad 19.9% 18.5% 18.5% 16.9% 14.7% moo — 13.0% ss 10.0% 8.0% cET! Tier Total cET! Tier Total = Min. requirements As of 30 June 2025 Capital adequacy ratios are calculated for the Bank only = Min. requireme
Slide 27: Strong Capital Position and High Profit Generation Enable Us to Increase Capital Returns
STRONG CAPITAL POSITION AND HIGH PROFIT GENERATION ENABLE US TO INCREASE CAPITAL RETURNS Total dividend and share buyback (GEL min) Total DPS (GEL) +30% CAGR +27% v v (es%) (Gox)fasx) (5%) (asx) [s9%) 8.1 7.22 499 5.45 3.68) 3.25 CES 2.55 191 © 2Q 2025 10.2025 141 180 . 2021 2022 2023 2024 1H 2024 1
Slide 28: 2025 Strategic Targets
2025 STRATEGIC TARGETS A TBC BANK Baw Group PLC AX tec uz Strategic targets Digital monthly active users (Digital MAU) Net profit ROE Dividend payout ratio | GEL 75 min se | Digital monthly active users (Digital MAU) Loan CAGR Net profit Progress in 1H 2025 6.8 min GEL 665 min, +6% YoY 23.7% Quarter
Slide 29: Q&A
Slide 30: Appendix
Slide 31: Group: Profit and Loss Statement
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 Profit before tax Income tax expense Profit (loss) for the period 1)1Q 2025 Group net profit includes a
Slide 32: Group: Key Ratios
GROUP: KEY RATIOS Georgian financial services 2Q 2025 Uzbekistan Georgian financial services 1H 2025 Uzbekistan ROE! ROA2 Cost to income Cost of riské NIMS Loan yieldsé Deposit rates” Cost of funding? PAR 90 to gross loans? NPLs to gross loans’? NPL Provision coverage" Total NPLs coverage’? 23.9% 3.
Slide 33: Ratio Definitions
RATIO DEFINITIONS = 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 34: Glossary
GLOSSARY Terminology Definiti 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 u
Slide 35: 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