Tbc Bank Group Plc · LSE:TBCG
Tbc Bank — Q1 2024 Earnings Presentation
64 slides from Tbc Bank's earnings presentation, Nov 29, 2024
Slide 1: TBC Bank Group PLC 1Q 2024 Results Call Presentation
AX TBC BANK Bax Group PLC 1Q 2024 RESULTS CALL PRESENTATION \ Unaudited 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 Group at a Glance
TBC GROUP AT A GLANCE GEORGIA + TBC Bank Group PLC UZBEKISTAN sma LSE premium-listed company and FTSE250 constituent A G building digitally-led financial services across geographies mN O) [a> ) TNET DM > Payii> Georgian Financial TBC UZ Services 100% ownership 100% ownership 60%! ownership 100% owne
Slide 4: Long-Term Growth and Profitability for Shareholders
LONG-TERM GROWTH AND PROFITABILITY FOR SHAREHOLDERS Our decade as a public company (13) (49 2.3 (33) (45 59 27.0% 26.5% 24.9% 22.9% 22.4% 22.0% Covid-19 20.9% . pandemic impact 18.4% 809 o @ © he 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 MME Net profit (GEL min) ——ROE © Monthly active custom
Slide 5: 1Q 2024 Highlights - 16% Net Income Growth with 25.1% ROE
1Q 2024 HIGHLIGHTS - 16% NET INCOME GROWTH WITH 25.1% ROE Net profit (GEL min) ROE 25.2% 25.1% 255 1Q 2023 1Q 2024 1Q 2023 1Q 2024 Gross loans (GEL bin) Digital MAU (min) 31-Mar-23 31-Mar-24 () Growth rate at constant currency Source: IFRS Group Data
Slide 6: Leading Financial Services Group & Digital Ecosystem
Leading Financial Services Group & Digital Ecosystem
Slide 7: Economy Continues to Post Strong Growth, EU Accession Process Underway
ECONOMY CONTINUES TO POST STRONG GROWTH, EU ACCESSION PROCESS A UNDERWAY Real GDP Growth Annual Inflation and monetary policy rate (%) 10.6 11.0 16 75 2 b 5.0 6.3 2019 2020 2021 2022 2023 2024 Headline Inflation Target MPR (EOP) + Economic growth in Georgia is moderating but remains very strong at 7
Slide 8: Leading Financial Services Provider in Georgia
LEADING FINANCIAL SERVICES PROVIDER IN GEORGIA ~~ 1 6 min Monthly active Banking business Other financial services customers XY TBC Insurance . . : . TBC Leasing The leading bank by all key metrics Largest retail non- : health insurance Largest leasing - company 11 6 k provider +80 Concept EE EE eee
Slide 9: Retail Customers Are Becoming More Digitally Engaged
RETAIL CUSTOMERS ARE BECOMING MORE DIGITALLY ENGAGED Customers (min) Digital users (thousands) (55%) (55%) (3%) (37%) (58%) (44%) (4%) (4%) (46%) (44%) 829 849 874 921 930 . . — --— ° 368 381 384 421 413 Ei . ° : : : Mar-28 Jun-23 Sep-23 Deo-23 Mar-24 Mar-28 Jun-23 Sep-23 Deo-23 Mar-24 ™ Monthly act
Slide 10: TNET - Building Georgia's Leading Digital Lifestyle Ecosystem
TNET - BUILDING GEORGIA’S LEADING DIGITAL LIFESTYLE ECOSYSTEM TNET digital lifestyle ecosystem GMV' growth (GEL min) +19% v LIFESTYLE P SWOOP | (DLIVO )Naseeaed 30 ud 1.2023 1.2024 O Gross profit/GMV Number of transactions (min) +21% v MYSHOP a “i E-COMMERCE AUTO 1Q 2023 1Q 2024 (1) Gross merchandis
Slide 11: Leading Digital Financial Ecosystem
Leading Digital Financial Ecosystem
Slide 12: Strong and Stable Economic Growth
STRONG AND STABLE ECONOMIC GROWTH Real GDP Growth Annual Inflation and monetary policy rate (%) 25 74 20 5.0 57 6.0 i ; i 2019 2020 2021 2022 2023 : 2024 0 SIPRSSHHFHTANARAGHATRRRKLRA SATS ee ea ee ee ee eS ae ae SSS 28 EFI bE SSZZE BF E37Z5 BF 23258 — MPR (EOP) ——CPI Annual Inflation Real GDP growt
Slide 13: Our Digital Financial Ecosystem
OUR DIGITAL FINANCIAL ECOSYSTEM A TBC UZ Pay(ii> Payme.>> nasiya P2P transfers Cash loans POS loans Deposits Utility & Gov payments PEM Installment loans Debit cards Payme BNPL Remittances QR payments E-commerce BNPL Gamification Payme travel Credit cards Daily banking MSME Existing products, upcomi
Slide 14: Fast and Profitable Growth
FAST AND PROFITABLE GROWTH Unique registered users (min) Gross loans (GEL min) Total operating income (GEL min) 929 / USD 345 14.6 797 74/USD 28 65 > fr fh > > oP oP oh DD DD DD Do MY DP DP DP SP oP PS XP PW? BS ge ko Wo eh" ee ee eg” Ce ee ee MAU (min) Net profit (GEL min) 657/USD 244 581 20 8/ USD
Slide 15: Growing Market Share and Becoming a Material Contributor to the Group
GROWING MARKET SHARE AND BECOMING A MATERIAL CONTRIBUTOR TO THE GROUP a 1Q 2024 Uzbekistan contribution in Group (% share) Market shares! 42% 15.3% 13.9% —_—_ 12% 8% 3.4% 6% ~~ || - 0.0% 0.0% Net profit Retail deposit portfolio Total operating income Total consumer loans 31-Dec-20 31-Dec-21 31-Dec-2
Slide 16: Business Update 1Q 2024 Financial Results
Business update 1Q 2024 Financial Results
Slide 17: Consistent and Strong Profitability - ROE Above 25%
CONSISTENT AND STRONG PROFITABILITY - ROE ABOVE 25% Net profit (min GEL) ROE +16% -0.Ipp v v +2% -0.1pp - | | / - _ 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 Source: IFRS Group Data
Slide 18: Operating Income - 16% YoY Growth Driven by NII
OPERATING INCOME - 16% YoY GROWTH DRIVEN BY Nill Total operating income (min GEL) Non-interest income (min GEL) +16% +6% v v -3% “11% 640 san 586 615 618 198 187 ty 187 187 198 175 165 ; 3 20 ° 67 68 399 428 442 104 110 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024
Slide 19: Margins - Solid 6.5% NIM Despite Mild Compression
MARGINS — SOLID 6.5% NIM DESPITE MILD COMPRESSION NIM Cost of fund, cost of deposit, loan and asset yields 0.1pp v =02pp__ 12.4% 12.8% 12.6% 12.7% 12.7% = —— 2 = — — — o 1.8% 12.2% 12.1% 12.3% 12.3% 5.4% 5.6% 5.4% 5.7% oo sy 6.9% 64% — : 7 i : = — Sy 4.9% 4.9% 4.9% 5.1% we 1Q.2023 2Q 2028 3Q 2023 4Q
Slide 20: Operating Efficiency - 37% Cost/Income
OPERATING EFFICIENCY - 37% COST/INCOME EVEN WHILE INVESTING INGROWTH Total operating expenses (min GEL) Cost to income +26% +2.9pp v v -10% -2.6pp 255 230 204 a) 183 30 86 65 68 34.7% 35.4% SASS 109 121 140 1Q 2023 2Q 2028 3Q 2023 4Q 2023 1Q 2024 1Q 2023 2Q 2028 3Q 2023 4Q 2023 1Q 2024 mStaffcosts i
Slide 21: Asset Quality - Risk Costs Stable and Low
ASSET QUALITY - RISK COSTS STABLE AND LOW NPLs Cost of risk (155%)(93%) (154%)(80%) (152%)(sa%) [146%)[80%] (140%) [ 74%) +0.0pp v “02pp _ 11% oe 0.9% 0.8% 0.8% 6% i | 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 @NPls/Grossloans QTotalNPLs coverage’ _O P
Slide 22: Strong Growth in Loans (21%) and Deposits (18%)
STRONG GROWTH IN LOANS (21%) AND DEPOSITS (18%) Gross loan portfolio (bin GEL) Gross loans breakdown, 1Q 2024 4+23%/+21%! +2%[4+3%! M 31-Mar-23 31-Dec-23 31-Mar-24 mRetail Georiga m CIB Georiga m MSME Georiga m Uzbekistan Deposit portfolio (bin GEL) Customer deposits breakdown, 1Q 2024 +21%]+18%! +2
Slide 23: Robust Capital Positions
ROBUST CAPITAL POSITIONS oe = UZBEKISTAN GEORGIA 2.1pp 2.0pp 47pp 27pp 3.2pp 22.1% 24.87%" | an inane 16.2% 1 oy! ; 16.6% 1 18.8% —_— SS 19.9% 12.7% 12.7% -—— 16.8% , 14.5% =-_=—-= 13.0% = 10.0% 8.0% CET! Tiert Total CET! Tiert Total = Min. requirements — © Above min. requirements = Min. requirement
Slide 24: Uzbekistan - Revenues Up 85% Driven by Strong Loan Growth
UZBEKISTAN - REVENUES UP 85% DRIVEN BY STRONG LOAN GROWTH Profitability (min GEL) Loans and deposits! (min GEL) (28.1%) (22.1%) (23.494 (29.7%) (23.7%) +45% / +85% 128% / +76% v v 6 74/ USD 28 997 929 USD 345 54 40 48 527 632 408 as = 13 18 4 20 18/US —=— oe ser 657 USD 244 457 374 1Q 2023 2Q 2023 3
Slide 25: Actual Performance 1Q 2024 vs Target
Actual performance 1Q Actual performance 1Q Target 2024 Target 2024
Slide 26: Slide 26
Slide 27: Group - Profit and Loss Statement
GROUP - PROFIT AND LOSS STATEMENT 1Q 2024 4Q 2023 3Q 2023 2@ 2023 12023 Change Change Net interest income 443 442 428 399 367 21% 0% Net fee and commission income 104 No 104 106 92 13% -5% Other operating non-interest n 87 83 82 73 3% 19% income Total operating income 618 639 615 587 532 16% -3% Tot
Slide 28: Group - Key Ratios
GROUP - KEY RATIOS 1Q 2024 Georgian ncial services Uzbekistan Group ROE! 24.0% 23.7% 25.1% ROA2 3.6% 6.5% 3.6% Cost to income? 32.4% 54.5% 37.2% Cost of risk* 0.7% 5.5% 0.8% NIMS 5.9% 23.6% 65% Loan yields$ 14% 43.2% 12.7% Deposit rates” 4.8% 25.4% 5.4% Cost of funding’ 5.4% 24.1% 6.0% PAR 90 to gro
Slide 29: Business Update 1Q 2024 Financial Results
Business update 1Q 2024 Financial Results
Slide 30: New
• • • • • • • • • • • NEW • • • • • • • • • • •
Slide 31: ESG Ratings and Scores
ESG RATINGS AND SCORES A cr As of April 2023, TBC Bank Group holds a rating of “AA” (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment —— ) MSC1 Disclaimer statement MSCI The use by TBC Bank Group PLC of any MSCI ESG research LLC or its affiliates (‘MSCI’) data, and the use of MSCI logos, tr
Slide 32: TBC Bank: Sustainable Development Impact Disclosure
TBC BANK: SUSTAINABLE DEVELOPMENT IMPACT DISCLOSURE targets and committing to reporting its progress on an annual basis Sustainable Portfolio Job Creation & Training Grow sustainable portfolio Train employees and create jobs from GEL 1.2 billion in 1Q 2024 to GEL 1.4 billion by 2024 TBC Bank aims to
Slide 33: Georgia Economy & Banking Sector
Georgia Economy & Banking Sector
Slide 34: Georgia Snapshot
GEORGIA SNAPSHOT 3.7 min 38 Population Average age $8,200 +22,600 GDP per capita GDP per capita, PPP 8.25% 0.5% Monetary policy Inflation (Mar-2024) rate (Mar-2024) $31bin Nominal GDP 2023 $4.7 bin Gross international reserves Moopy’s Ba 2:table Credit Ratings RUSSIA, GEORGIA AZERBAIJAN ARMENIA TURK
Slide 35: GDP
GDP Real GDP growth (YoY, %) 1Q 2018 2Q 2018 3Q 2018 4Q 2018 Source: Geostat 1Q2019 22019 3Q 2019 4Q 2019 1Q 2020 137 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 247 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2023 GDP composition mTrade (16%) Real estate acti
Slide 36: External Inflows
EXTERNAL INFLOWS Exports, tourism, remittances and FDI (min USD) 5,000 mmm Export Tourism 4,500 mmm Remittances mmm FDI mam IT Service Export Inflow 4,000 ——=Inflow w/o Russia 3,500 3,000 2,500 2,000 1,500 1,000 ‘ ann HHUUTUULALTL 0 SUOLGNRVL STIRS FAVA GUSTS IML SFVVAGISS SUSSSS SEER SESS SSS Ses R
Slide 37: Currency
CURRENCY USD/GEL and GEL REER YTD percentage change against USD, as of 31 Mar 2024 130 10 120 2328 120 ‘5 10 0.0 20 Ye -0.2 25 90 -24 2.7 Z 25 a 2 3.0 80 70 35 87 ——GEL REER (index, Jan-2013= 100) | ——-USD/GEL (RHS, reversed) TRY RUB EUR UAH UZS GBP GEL AZN’ KZT AMD Note: Increase means GEL apprecia
Slide 38: Central Bank and Fiscal Buffers
CENTRAL BANK AND FISCAL BUFFERS Gross international reserves and NBG interventions (mln USD) 6,000 5,000 4,000 3,000 2,000 0 ee @ ¢ + @ s§ = F > Sf a Source: Geostat, NBG, Mof, TBC Capital Jan-20 eS q ne s = = jay: Sep-21 & S 8 70 FX Interventions (RHS) Jan-22 May-22 Sep-22 Jan-23 —GIR May-23 Sep-23
Slide 39: Georgian Banking Sector
GEORGIAN BANKING SECTOR Loan and deposit growth YoY! (%) Loans at current exchange rate (% of GDP) 17 16 vee, €2-080 ez-des ec-une eee, zz-080 t-des ee-unr oN 12-980 \e-deg we-une lee 02-080, oz-deg o-unr 02-2 6r-0°q 6l-das rune 62 gi-osq gi-des gl-une ale 4-08q a-des d-une ew vovzoz vOEZOZ eDEZOZ @
Slide 40: Georgia - Key Macro Projections
GEORGIA - KEY MACRO PROJECTIONS 2021 2022 2023 2024 2025 GDP Growth, YoY, % 10.6 11.0 75 64 5.4 GDP, current USD, USD billion 18.9 25.0 30.5 325 357 Inflation (EOP), YoY, % 13.9 98 04 27 3.0 Monetary Policy Rate (EOP), % 10.5 11.0 95 8.0 7.25 Current account Balance, % of GDP -10.3 45 4.3 4.6 -45 Bu
Slide 41: Business Update 1Q 2024 Financial Results
Business update 1Q 2024 Financial Results
Slide 42: Uzbekistan Digital Growth Story
UZBEKISTAN DIGITAL GROWTH STORY Number of unique registered users (EOP) A tec uz Pay Payme 1.8 min * Acquired 51% of Payme, a leading payments platform 2019 nasiya 3.0 min mnrrnmereere | + TBC UZreceived full banking license + Beta launchof TBC UZbanking app, based on in-house fintech platform Space
Slide 43: Payme - $0.9 bln Payment Volumes in 1Q24
PAYME - $0.9 BLN PAYMENT VOLUMES IN 1Q24 Payments volume! (bin GEL) Payments breakdown by type 1Q 2024 Cag) Csr) (2%) (ek) (sx) (sax) (Bex) +14% — 9.51$3.6 % mw P2P transfers @ Service payments m Other? 2.5/$0.9 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 ; 1Q 2023 1Q 2024 © Active merchants (EOP? (1) 9
Slide 44: Economy & Banking Sector
Economy & Banking Sector
Slide 45: Uzbekistan Snapshot
UZBEKISTAN SNAPSHOT 36min 29-34 $9 1TbIn Population Average age Nominal GDP 2023 GDP per capita GDP per capita, PPP Gross international zi reserves =a a Moopy’s 14, 8.8% ' Ba3.tavie Monetary policy Inflation (YE 2023) j Credit Ratings rate (Mar-2024)
Slide 46: GDP
GDP Real GDP growth (Yo, %) 2023 GDP composition 10.3 m Agriculture (24%) m Manufacturing (21%) m Trade (6%) m Public Administration (6%) m Construction (6%) m Education (6%) m Transporation and storage (6%) m Real estate activities (5%) @ Financial and insurance services (4%) Mining and quarrying (
Slide 47: 2.6 2.4 1.8 1.8 1.0 0.2 -0.8 -5.0 -5.6 -6.8 -7.0 -8.6
2.6 2.4 1.8 1.8 1.0 0.2 -0.8 -5.0 -5.6 -6.8 -7.0 -8.6
Slide 48: Currency and Fiscal Buffers
CURRENCY AND FISCAL BUFFERS USD/UZS and UZS REER 120 0 100 2,000 4,000 80 6,000 60 48 g.000 40 10,000 20 12,000 12475.2 0 14,000 RSET TR ee See eeES SS FRNARAS 222592929298 54898 5294 094 08 ®e22z2@z22z2r@e¢hzgezgezgezeeze2g2 ———UZS REER (index, Jan-2013= 100) | ——-USD/UZS (RHS, reversed) Note: Incr
Slide 49: Uzbekistan Banking Sector
UZBEKISTAN BANKING SECTOR Loan and deposit growth YoY! (%) Loans at current exchange rate (% of GDP) 60 50 29 4 |-ovz0z PORTE E-OEZOZ 7-OEZ0Z |-O€Z0z v-OLOe £02702 202202 102202 v-O10z £-O1Z0Z z-O1z0z -Oloe 00202 €-©0z02, @-00z02, -00z0z p-O6102 £-O4L0Z Z-O610z 1-O6102 v-O8102 £-O8l0z t-O8L0e 108102
Slide 50: Retail Credit Penetration and GDP per Capita
Retail credit penetration and GDP per capita 120 © Korea 100 oo 3S © Malaysia Houschhold debt to GDP, % a 3 a © Singapore . e 40 India © Italy Israel e wee Af Sorgis” a © Croatia © Czech Republic aaa =) yf @ Poland © Slovenia Philippines Russi 20 © Indonesia ° Hungary ee? Kazakhstan . ® Romania Uzbe
Slide 51: Uzbekistan - Key Macro Projections
UZBEKISTAN - KEY MACRO PROJECTIONS 2021 2022 2023 2024 2025 GDP Growth, YoY, % 74 57 6.0 5.6 58 GDP, current USD, USD billion 69.6 81.2 90.9 98.0 109.9 Inflation (EOP), YoY, % 10.0 12.3 8.8 10.8 87 Monetary Policy Rate (EOP), % 14.0 15.0 14.0 14.0 13.0 Budget Balance, % of GDP 4.6 4.2 4.6 -3.9 -3.3
Slide 52: Business Update 1Q 2024 Financial Results
Business update 1Q 2024 Financial Results
Slide 53: Group - Balance Sheet Structure
GROUP - BALANCE SHEET STRUCTURE Assets structure (GEL bin) Liabilities and equity structure (GEL bin) 33.0 33.3 33.0 33.3 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 Total assets m Customer deposits m Cash and cash equivalents m Subordinated debt 1m Due from other banks and mandatory
Slide 54: Georgia - Loans Segment Breakdown
GEORGIA - LOANS SEGMENT BREAKDOWN Gross loan portfolio breakdown (GEL bin) Retail Georgia banking gross loans (GEL bin) 421% | +18%! +14% | +12%! v v 21.3 21.6 5.5 5.5 6.7 47 65 8.3 8.4 67 75 77 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 mRetail Georiga mCIBGeoriga m MSME Georiga Mo
Slide 55: Georgia - Deposits Segment Breakdown
GEORGIA - DEPOSITS SEGMENT BREAKDOWN Deposit portfolio breakdown (GEL bin) Retail Georgia banking deposits (GEL bin) 419% | +16%! 416% | 12%! v v 99 20.2 6: 0.5 8.4 65 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 mRetail Georgia mCIBGeorgia mMSMEGeorgia mi Other Georgia mCurrent&savin
Slide 56: Georgia - Market Shares
GEORGIA - MARKET SHARES Loan market shares Deposit market shares Total Total 39.1% 38.8% 39.1% 39.3% 39.1% 39.3% 39.9% 375% 40.1% 39.5% — m —<- ——— — o — — 2 Legal entities Legal entities 40.5% 40.7% 40.4% 411% 42.2% 44.9% 44.1% . “es ———- ——_—_ 85% Individual customers Individual customers 38.3% 38
Slide 57: Group - Loan and Deposit FX Exposure
GROUP - LOAN AND DEPOSIT FX EXPOSURE Gross loans Deposits 31-Mar-23 31-Dec-23 31-Mar-24 31-Mar-23 31-Dec-23 31-Mar-24 mGEL mUSD mEUR Other mGEL mUSD mEUR m Other Source: IFRS Group Data a
Slide 58: Group - Loan Portfolio Asset Quality
GROUP - LOAN PORTFOLIO ASSET QUALITY NPLs Cost of risk (22%) (zx) (20%) (20%) (22%) () (ce) (09%) (ax) (08%) Retail Georgia 3.7% 1.4% 05% 1.1% 01% 11% 3.4% 3.3% 3.4% 34% — —e- o— —— —. — “ee _—e —— CIB Georgia -0.1% 0.1% 0% 0.3% 0.4% ° © 2 —o -9 MSME Georgia 2.1% 0.9% 0.9% 1.8% 0.7% oe — — — _ Uzbek
Slide 59: Group - Loan Breakdown by Stages According to IFRS
GROUP - LOAN BREAKDOWN BY STAGES ACCORDING TO IFRS 9 Total: gross loans (mln) & LLP ratio! LLP Ratio LLP Ratio LLP Ratio 22,545 2.0% 22,074 | 16% ” 1.6% 18,321 417 469 390 41.8% ° ies 36.7% m Stage 1 1,461 7.1% 67% 5.3% ™ Stage 2 16,470 5 5 9 wm Stages 0.6% 0.5% 05% D7 LLP ratio! 31-Mar-23 31-Dec-23
Slide 60: Georgia - Strong Liquidity and Diversified Funding Base
GEORGIA - STRONG LIQUIDITY AND DIVERSIFIED FUNDING BASE Liability structure Liquidity ratios! as of 31 March 2024 Total liabilities GEL 28 bin 131% 136% 115% 115% m Customer Deposits Other Liabilities m Debt Securities in Issue m Due to Credit Institutions 31-Mar-23 31-Mar-24 m Subordinated Debt mNS
Slide 61: Capital Distribution - GEL mln Buyback Announced
CAPITAL DISTRIBUTION - GEL 75 MLN BUYBACK ANNOUNCED Total dividend and share buyback (GEL min) (*) (5%) (2%) G) Cae) Cf 3941 200 89 109 75 a No dividends were | | paid due to Covid-19 2016 2017 2018 2019 2020 2021 2022 2023 2024 m Total dividend paid for the year Share buyback © Dividend payout rati
Slide 62: Ratio Definitions
RATIO DEFINITIONS Exchange Rates To calculate the QoQ growth of the Balance Sheet items without the currency exchange rate effect, we used the USS/GEL exchange rate of 2.6894 as of 31 December 2023. To calculate the YoY growth without the currency exchange rate effect, we used the USS/GEL exchange r
Slide 63: Glossary
GLOSSARY Terminology De Consumer loans Unsecured loans to individuals DAU/MAU Average daily active users divided by monthly active users. TBC Group figure includes TBC’s digital channels in Georgia, as well as those at TBC UZ and Payme Digital daily active users (DAU) The number of retail digital us
Slide 64: 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