Tbc Bank Group Plc · LSE:TBCG
Tbc Bank — H1 2024 Earnings Presentation
66 slides from Tbc Bank's earnings presentation, Nov 29, 2024
Slide 1: 2Q and 1H 2024 Results Presentation
. 2Q AND 1H 2024 RESULTS CALL” >, PRESENTATION _ Unaudited IFRS consolidated figures / if
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 A @) TNET Georgian Financial LSE premium-listed company and FTSE250 constituent building digitally-led financial services across geographies DX Services 100% ownership 100% ownership Robust growth and market leadership in Georgia UZBEKISTAN mea A D>
Slide 4: Long-Term Growth and Profitability for Shareholders
LONG-TERM GROWTH AND PROFITABILITY FOR SHAREHOLDERS Our decade as a public company 13 19) (23) (33) (45 59 27.0% 26.5% 24.9% 22.4% 20.9% 22.0% Covid-19 20.1% aaa pandemic impact 18.4% 809 o @ © he 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 MB Net profit (GEL min) ——ROE © Monthly active custom
Slide 5: 2Q 2024 Highlights - 12% Net Profit Growth with 27.1% ROE
2Q 2024 HIGHLIGHTS - 12% NET PROFIT GROWTH WITH 27.1% ROE Net profit (GEL min) ROE +12% -1.0pp 27.1% 2Q 2023 2Q 2024 2Q 2023 2Q 2024 Gross loans (GEL bin) Digital MAU (min) +25%/21%! +33% v v 24.1 19.4 30-Jun-23 30-Jun-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
ECONOMY CONTINUES TO POST STRONG GROWTH a Real GDP Growth Annual Inflation and monetary policy rate (%) i iii; SIVLSSFHUAFAFHAANHANNRKRRRRAXAARS EOS CREE SE CHEE ego ALE SEALE SES 63 P2328 8PTSZOGPSIISH PTZ ISALE5R7Z8B 2019 2020 2021 2022 2023 6M2024 2024 2025 Headline Inflation Target ——MPR (EOP) E
Slide 8: Leading Financial Services Provider in Georgia
LEADING FINANCIAL SERVICES PROVIDER IN GEORGIA 1.6 min Monthly active customers XW TBC Concept customers \ 69x of newly registered) businesses choose! TBC Bank' y ‘As of 30 June 2024 () Based on data shared by National Statistics Office of Georgia (2) Market shares are based on data published by Nat
Slide 9: Retail Customers Are Becoming More Digitally Engaged
RETAIL CUSTOMERS ARE BECOMING MORE DIGITALLY ENGAGED Customers (min) (55%) (55%) (5%) Jun-23 Sep-23 Monthly active customers (MAC) Share of consumer loans issued fully digitally O Digital MAU penetration 2Q 2021 4Q 2021 2Q 2022 (1) Other remote channels include ATMs and Self-service terminals Digita
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) LIFESTYLE . % swoop QClivo HOUSING Y 83 80 1H 2023 1H 2024 O Gross profit/¢MV Number of transactions (min) +5% E-COMMERCE AUTO + YoY decrease in GMV is due to high base in 2Q 2023, re
Slide 11: Leading Digital Financial Ecosystem
Leading Digital Financial Ecosystem
Slide 12: Strong and Stable Economic Growth
STRONG AND STABLE ECONOMIC GROWTH A Real GDP Growth Annual Inflation and monetary policy rate (%) 25 20 6 x | — 135 12.75 10.6 10.4 10 theese 2019 2020 2021 2022 2023 6M 2024 2024 2025 Feb-20 Deo-24 —— MPR (EOP) ——CPI Annual Inflation + Real GDP growth has averaged almost 6% per year over the past d
Slide 13: Our Digital Financial Ecosystem
OUR DIGITAL FINANCIAL ECOSYSTEM nasiya POS loans A TBC UZ Pay! Cash loans P2P transfers Utility & Gov payments Deposits Installment loans Debit cards PFM Payme BNPL Remittances QR payments E-commerce BNPL Gamification Payme travel NEW Credit cards Payme goals . NEW Daily banking Payme tickets sow MS
Slide 14: Fast and Profitable Growth
FAST AND PROFITABLE GROWTH Unique registered users (min) Gross loans (GEL min) Total operating income (GEL min) GEL 1122 GEL91 USD 399 USD 33 PP DP Oh PO PP LP OP OM PM OF IW DP Ph Ps oP cP sc? oP? ash ac ac SOS SS os PP PPG PGP GP GP om ergro® BF WF FX FX oe Wy SS oS oS CI Coa CaM \CaME CAM CaMn Ca
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 1H 2024 Uzbekistan contribution in Group (% share) Market shares 44% 15.8%! 13% 1% 8% | aS 0.0% 0.0% Net profit, Retail deposit portfolio Total operating income Total consumer loans Dec-20 Dec-21 Deo-22 Dec-23 Sun-24 —®=ICL port
Slide 16: Business Update 2Q and 1H 2024: Financial Results
Business update 2Q and 1H 2024 Financial Results
Slide 17: Consistent and Strong Profitability - 27% ROE in 2Q 2024
CONSISTENT AND STRONG PROFITABILITY - 27% ROE IN 2Q 2024 Net profit (GEL min) 14% 1H 2023 Source: IFRS Group Data 41H 2024 2Q 2023 1Q 2024 2Q 2024 ROE -0.7pp -1.0pp ~ nn | +2.0pp 26.7% 26.0% 1H 2023 1H 2024 2Q 2023 1Q 2024 2.2024
Slide 18: Operating Income - 16% YoY Growth
OPERATING INCOME - 16% YoY GROWTH DRIVEN BY Nil AND F&C INCOME Total operating income (GEL min) Non-interest income (GEL min) +16% +16% +12% +18% +10% #26% 220 587 618 678 188 175 1H 2023 1H 2024 2Q 2023 1Q 2024 2Q 2024 1H 2023 1H 2024 2Q 2023 1Q 2024 2Q 2024 @ Netinterestincome m™ Non-interest inco
Slide 19: Margins - NIM Remains Strong at 6.4%
MARGINS — NIM REMAINS STRONG AT 6.4% NIM 41H 2023 Source: IFRS Group Data 41H 2024 2Q 2023 1Q 2024 2Q 2024 Cost of fund, cost of deposit, loan and asset yields 12.6% 12.6% ° 12.8% 12.7% 12.6% 12.2% 12.3% 12.2% 12.0% 12.3% 55% 5.9% 5.6% 6.0% 6.0% ———— Oe =~ i ee 2 39 5.4% 4.9% 53% 4.9% 5.2% 1H 2023,
Slide 20: Operating Efficiency - Opex Increase Driven by Investing in Growth
OPERATING EFFICIENCY - OPEX INCREASE DRIVEN BY INVESTING INGROWTH Total operating expenses (GEL min) Cost to income +26% +26% +3.0pp +3.1pp +12% +0.6pp 486 257 230 34.5% TES 1H 2023 1H 2024 2Q 2023 1Q 2024 2Q 2024 1H 2023 1H 2024 2Q 2023 1Q 2024 2Q 2024 mStaffcosts mi Administrative & other expenses
Slide 21: Asset Quality - Risk Costs and NPLs Remain Low
ASSET QUALITY - RISK COSTS AND NPLs REMAIN LOW NPLs Cost of risk (154%)( 89%) (152%)( 80%) [146%)(80%) [140%)[ 74%] (142%) (76%) -0.ipp 70.2) PP 0.9% 0.8% 0s 0.6% 05% 2.2% 2.0% 2.0% 30-Jun-23 30-Sep-23 30-Dec-23 31-Mar-24 30-Jun-24 1H 2023 1H 2024 2Q 2023 1Q 2024 2Q 2024 @NPls/Grossloans OTotalNPLsc
Slide 22: Strong Core Balance Sheet Growth
STRONG CORE BALANCE SHEET GROWTH Gross loan portfolio (GEL bin) Gross loans breakdown, 30 June 2024 +25%/+21%! STOL5%S ’ 30-Jun-23 31-Mar-24 30-Jun-24 mRetail Georiga mi CIB Georiga mMSME Georiga m Uzbekistan Deposit portfolio (GEL bin) Customer deposits breakdown, 30 June 2024 +13%/+10%! s9%1e0% _
Slide 23: Capital - Retaining Material Capital Buffers
A CAPITAL - RETAINING MATERIAL CAPITAL BUFFERS ; HH = GEORGIA cpp UZBEKISTAN 25.9% 22.3% 16.8% =. 20.0% —— = 16.9% 14.6% = 13.0% 10.0% CET! Tiert Total Tiert Total = Min.requirements © Above min. requirements = Min. requirements © Above min. requirements * July capitalinjection effect TBC UZ has rec
Slide 24: Uzbekistan - Revenues Up 89% YoY Driven by Strong Loan Growth
UZBEKISTAN —- REVENUES UP 89% YOY DRIVEN BY STRONG LOAN GROWTH Profitability (GEL min) (25.1%) (25.7%) (22.1%) (23.7%) 2) 467% 1 487% +90% 1 +89% GEL 165 usD 61 GEL! 88 74 USD 33 GEL42) 48 GEL 24 25 U B 18 usb. 1H 2023 1H.2024 20.2023 1.2024 20.2024 1 Net profit | Total operatingincome OROE Loan yie
Slide 25: Capital Distribution - Buyback Announced & Interim Dividend Declared
CAPITAL DISTRIBUTION - BUYBACK ANNOUNCED & INTERIM DIVIDEND DECLARED Total dividend and share buyback (GEL min) (*) (25%) (25%) Gx) Cee) 393 200 109 9 75 S woe No dividends were paid due to Covid-19 2016 2017 2018 2019 2020 2021 2022 2023 1H 2024 m Total dividend paid for the year Share buyback © Di
Slide 26: Target vs Actual Performance 1H 2024
Actual performance Actual performance Target 1H 2024 Target 1H 2024
Slide 27: Slide 27
Slide 28: Group - Profit and Loss Statement
GROUP - PROFIT AND LOSS STATEMENT 2Q 2024 1Q 2024 2 2023 Orange eee 1H 2024 1H 2023 Orange Net interest income 458 443 399 15% 3% 901 766 18% Net fee and commission 123 104 106 1% 18% 228 198 15% Other operating norinterest 97 n 82 19% 37% 168 155 8% Total operating income 678 618 587 16% 10% 1,296
Slide 29: Group - Key Ratios
GROUP - KEY RATIOS Georgian financial services 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’? 26.9% 3.9% 32.1% 0.3% 5.6% 11% 4.6% 5.4% 1.3% 2.0% 68.2% 138.4% 2Q 2024 1
Slide 30: Business Update 2Q and 1H 2024: Financial Results
Business update 2Q and 1H 2024 Financial Results
Slide 31: NEW NEW
• • • • • • • • • • • • • • • • • • NEW • • • • • • NEW •
Slide 32: ESG Ratings and Scores
ESG RATINGS AND SCORES la As of April 2023, TBC Bank Group holds a rating of “AA” (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment MSCI Cl MSC Disclaimer statement The use by TBC Bank Group PLC of any MSCI ESG research LLC or its affiliates (“MSCI’) data, and the use of MSCI logos, tradema
Slide 33: 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 Creat
Slide 34: Georgia Economy & Banking Sector
Georgia Economy & Banking Sector
Slide 35: Georgia Snapshot
GEORGIA SNAPSHOT 3.7 min 38 Population Average age $8,200 +22,600 GDP per capita GDP per capita, PPP 8.0% 2.2% Monetary policy Inflation (Jun-2024) rate (Jun-2024) $31bin Nominal GDP 2023 $4.6bin Gross international reserves Moopy’s Ba 2:table Credit Ratings RUSSIA, GEORGIA AZERBAIJAN ARMENIA TURKEY
Slide 36: The Growth Remains Strong
THE GROWTH REMAINS STRONG Real GDP growth (YoY, %) 1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Source: Geostat 137 1Q 2021 247 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 2023 GDP compositi
Slide 37: External Inflows Remain Diversified
EXTERNAL INFLOWS REMAIN DIVERSIFIED Exports, tourism, remittances and FDI (min USD) 6000 mmm Export Tourism mam Remittances mmm FDI mmm|T Service Export <elnflow 5000 ——=Inflow w/o Russia 4000 3000 2000 0 ant HAAUELALL lilll SS SSS9S SENS SSNS SSNS LON BESS SEATS SS 22S SECS ESSERSSS ESSE SR CSR SRR
Slide 38: Non-Cash Spending Shows Strong Growth
NON-CASH SPENDING SHOWS STRONG GROWTH = Non-cash Expenses of Non-residents through TBC Channels Total CPI adjusted non-cash spending through TBC channels (Index in USD, 2021 = 100) and GDP growth (YoY, %) 450 Jan Feb Mar Apr May Jun Jul 120 50 YoY, 400 %__ 346 468 416 437 468 48.0 39.4 100 40 350 80
Slide 39: USD/GEL at Around Pre-Covid Levels
USD/GEL AT AROUND PRE-COVID LEVELS USD/GEL and GEL REER 140 10 130 15 120 114.6 2.0 10 100 o7e5 90 3.0 80 35 70 60 4.0 PECTS TPR RPSL SRS SS SS SS AS SFA HQQaagaaad SSSSSSSSSESCESS ESS ESE ESS ESZESZESRES SP ZS PZS PZ SP ZS °ZS° 235° 2852S ° 257 SSF SSR ——GEL REER (index, Jan-2013= 100) | ——-USD/GEL
Slide 40: Central Bank and Fiscal Buffers
CENTRAL BANK AND FISCAL BUFFERS a Gross international reserves and NBG interventions (mln USD) Fiscal and public debt/GDP (%) 6,000 1050 7° | 900 60 4 5,000 4,581 750 50 Ww “26424 -23 2.7 my -3.0 3 4,000 600 40 450 5 3,000 30 300 7 2,000 160 2 hi «ll TTT ah ‘ me yp ep - . 10 000 | "ll hd oo q ll 102
Slide 41: Georgian Banking Sector
GEORGIAN BANKING SECTOR Loan and deposit growth YoY! (%) Loans at current exchange rate (% of GDP) 45 40 35 30 25 20 a) 17.7 13.4 ve-une vere, e980 e¢-des ec-une ECHEW we-080 t-des ze-une, wR 1-98 \e-des We-unr Ice 0z-990 0¢-dos oe-unr 0Z4oN 61-98q 61-deg eéi-une 612 gi-ceg gi-deg gi-une sien, 4-08
Slide 42: Georgia - Key Macro Projections
GEORGIA - KEY MACRO PROJECTIONS 2021 2022 2023 2024 2025 GDP Growth, YoY, % 10.6 11.0 75 74 5.4 GDP, current USD, USD billion 18.9 25.0 30.5 32.8 35.6 Inflation (EOP), YoY, % 13.9 98 04 2.5 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
Slide 43: Business Update 2Q and 1H 2024: Financial Results
Business update 2Q and 1H 2024 Financial Results
Slide 44: Uzbekistan Digital Growth Story
UZBEKISTAN DIGITAL GROWTH STORY Number of unique registered users (EOP) 13.2 min — A tecz jpayme) nasiya 9.3 min TBC UZturned en | profitable 4min MAUin 5.8 min Uzbekistan | Acquisition of the remaining 49% 3.0 min + Launch of fully stake in Payme AEE «Launched digital digital onboarding Hit USD 300
Slide 45: Payme - USD Bln Payment Volumes in 1H 2024, Up 72% YoY
PAYME- USD 2 BLN PAYMENT VOLUMES IN 1H 2024, UP 72% YoY Payments volume! (GEL bin) Payments breakdown by type 1H 2024 Gag Csr) (29%) (eek) (sx) (83x) (64K) +72% nn 7 GEL9.5 USD4 GEL5.5 mw P2P transfers @ Service payments 32 m Other? FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 : 1H 2023 1H 2024 O Active
Slide 46: Economy & Banking Sector
Economy & Banking Sector
Slide 47: Uzbekistan Snapshot
UZBEKISTAN SNAPSHOT 36min Population $2,500 GDP per capita 13.5% Monetary policy rate (Jul-2024) 29-34 Average age $10,500 GDP per capita, PPP 10.6% . Basse Inflation (Jun-2024) i ¢ $9 1TbIn Nominal GDP 2023 $34.3bIn Gross international reserves Moopy’s Credit Ratings
Slide 48: The Growth Remains Strong
THE GROWTH REMAINS STRONG Real GDP growth (Yo, %) egxrzgeanege ssseeeegegs RRRRRRRRLR g gS Sgg¢greresgag Source: Uzstat 3Q 2020 4Q 2020 1Q2021 2Q 2021 3Q 2021 4Q 2021 1.2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 2023 GDP composition m Agriculture (24%) m Manufacturi
Slide 49: 2.6 2.4 1.8 1.8 1.0 0.2 -0.8 -5.0 -5.6 -6.8 -7.0 -7.1 -8.6
2.6 2.4 1.8 1.8 1.0 0.2 -0.8 -5.0 -5.6 -6.8 -7.0 -7.1 -8.6
Slide 50: Currency and Fiscal Buffers
CURRENCY AND FISCAL BUFFERS USD/UZS and UZS REER 120 100 80 60 40 20 Mar-13 Aug-t Jan-14 Jun-t4 Nov-14 Apr-15 Sop45 Feb-16 sults Dec-16 May-17 Oct-17 Mar-18 Aug-18 Jan-9 Jun-19 Nov-19 Apr-20 Sep-20 Feb-21 slul-21 Deo-21 May-22 Oct-22 Mar-23 Aug-23 ——UZS REER (index, Jan-2013=100) | <—=USD/UZS (RHS,
Slide 51: UZS Has Appreciated YTD vs USD
UZS HAS APPRECIATED YTD VS USD = UZS REER and USD/UZS (Jan-2024 = 100, increase means UZS depreciation) 103 102 101 100 99 98 ”7 9% 95 94 93 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 ——UZS REER ——USD/UZS + The UZS has appreciated YTD vs USD, driven by several main factors: + Decelerating cred
Slide 52: Uzbekistan Banking Sector
28 12 UZBEKISTAN BANKING SECTOR Loan and deposit growth YoY! (%) Loans at current exchange rate (% of GDP) ve-une 8 vidy ye-W84 €7-080 £2300 5 €¢-994 e¢-Bny 22-080, fl 22-190 ec-unr : z-Bny g gS ' te-une soudy 8 é ' z-dy 2 £ ' ce-484 -go. ' we B 3 ' 17-08q og 7 s 12-20 conn © gy I¢-Bny ZO to} Ge z-u
Slide 53: Retail Credit Penetration and GDP per Capita
RETAIL CREDIT PENETRATION AND GDP PER CAPITA 120 © Korea 100 oo 3S © Malaysia © Chile © Singapore India South Africa @ Italy Houschhold debt to GDP, % a 3 ~ fey e © Brazil. . i Georgie © Croatia © Czech Republic ~ Philippines §Foland ® Slovenia eT pllippine Russi 20 Indonesia ® Hungary e? ° Kazakhst
Slide 54: Uzbekistan - Key Macro Projections
UZBEKISTAN - KEY MACRO PROJECTIONS 2021 2022 2023 2024 2025 GDP Growth, YoY, % 74 57 6.0 61 55 GDP, current USD, USD billion 69.6 81.2 90.8 100.4 16.6 Inflation (EOP), YoY, % 10.0 12.3 8.8 10.4 87 Monetary Policy Rate (EOP), % 14.0 15.0 14.0 12.75 1.0 Budget Balance, % of GDP 47 44 4.6 -3.3 -2.0 Gov
Slide 55: Business Update 2Q and 1H 2024: Financial Results
Business update 2Q and 1H 2024 Financial Results
Slide 56: Group - Balance Sheet Structure
GROUP - BALANCE SHEET STRUCTURE Assets structure (GEL bin) 35.8 28.9 30-Jun-23 31-Mar-24 30-Jun-24 mCash and cash equivalents Due from other banks and mandatory cash balances with NBG mNet loans to customers Investment securities ®@ Other Source: IFRS Group Data Liabilities structure (GEL bin) 30-Ju
Slide 57: 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 22,545 LLP Ratio 24,129 LLP Ratio 19,361 [1.8% 469 1.6% a 15% ; 1515 anne 1,279 Bee 36.7% 35.6% m Stage 1 © Stane2 7.8% 5.3% 5.2% age 20,561 17,687 5 : 9 9 wm Stages 0.6% 05% 0.5% O LLP ratio! 30-Jun
Slide 58: Group - Loan Portfolio Asset Quality
GROUP - LOAN PORTFOLIO ASSET QUALITY NPLs Cost of risk (21%) (2.0%) (20%) (22%) (20%) (0.6%) (0.9%) (0.8%) (osx) (05%) Retail Georgia 3.7% 3.7% 9 9 0.5% 11% 0.1% 11% 0.4% 3.3% 3.4% 3.4% — _~— ° _~— _ CIB Georgia 25% 0.1% 0.0% 0.3% 0.4% -0.1% o o— —— 2 ~° MSME Georgia 0.9% 0.9% 1.8% 0.7% 0.5% e -_ —~
Slide 59: Georgia - Loans Segment Breakdown
GEORGIA - LOANS SEGMENT BREAKDOWN Retail Georgia banking gross loans (GEL bin) Gross loan portfolio breakdown (GEL bin) +22% | +19%! H17% | +15%! v 16 23.0 18.8 55 a 69 49 7.0 8.4 9A wv 69 77 8.1 25 30-Jun-23 31-Mar-24 30-Jun-24 30-Jun-23 31-Mar-24 mMSME Georiga m Mortgage loans am Non-mortgage loan
Slide 60: Georgia - Deposits Segment Breakdown
GEORGIA - DEPOSITS SEGMENT BREAKDOWN Deposit portfolio breakdown (GEL bin) Retail Georgia banking deposits (GEL bin) 412% | 49%! #12% [ 47%! v v 20.2 fa 7.0 30-Jun-23 31-Mar-24 30-Jun-24 30-Jun-23 31-Mar-24 30-Jun-24 mRetail Georgia m CIB Georgia mMSME Georgia _m Other Georgia mCurrent&savings mTerm
Slide 61: Georgia - Loan and Deposit FX Exposure
GEORGIA - LOAN AND DEPOSIT FX EXPOSURE Gross loans Deposits 1% 30-Jun-23 31-Mar-24 30-Jun-24 30-Jun-23 31-Mar-24 30-Jun-24 mGEL mUSD mEUR mGEL mUSD mEUR mOther Source: IFRS Group Data a
Slide 62: Georgia - Market Shares
GEORGIA - MARKET SHARES Loan market shares Total 38.8% 39.1% 39.3% 39.1% 39.0% — -_ —— © © Legal entities 40.5% 40.7% 40.4% 40.1% 39.6% 1% + — ~ _— Individual customers 38.2% 38.0% 38.1% 38.0% 38.1% _— e -- 2 od 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 Note: Market shares are based on data
Slide 63: Georgia - Strong Liquidity and Diversified Funding Base
GEORGIA - STRONG LIQUIDITY AND DIVERSIFIED FUNDING BASE Liability structure as of 30 June 2024 Total liabilities GEL 29 bin Customer Deposits ™ Due to Credit Institutions 1m Debt Securities in Issue and subordinated debt m Other Liabilities Liquidity ratios! 130% 125% 118% 118% 30-Jun-23 30-Jun-24 m
Slide 64: Ratio Definitions
RATIO DEFINITIONS 1, Return on average total equity (ROE) equals net 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. Return on average total assets (ROA) equals net p
Slide 65: 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 66: 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