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    BGEO   GB00BF4HYT85

BANK OF GEORGIA GROUP PLC

(BGEO)
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Bank of Georgia : 2Q21 and 1H21 Results Call Presentation

08/17/2021 | 02:13am EDT

RESULTS CALL PRESENTATION

2Q21 and 1H21 Financial Results

17 August 2021

www.bankofgeorgiagroup.com

DISCLAIMER - FORWARD LOOKING STATEMENTS

2

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: macroeconomic risk, including currency fluctuations and depreciation of the Lari; regional and domestic instability; loan portfolio quality risk; regulatory risk; liquidity risk; capital risk; financial crime risk; cyber-security, information security and data privacy risk; operational risk; COVID-19 pandemic impact risk; climate change risk; and other key factors that indicated could adversely affect our business and financial performance, which are contained elsewhere in this presentation and in our 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 2020 and in 2Q21 and 1H21 results announcement. No part of this presentation 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 presentation should be construed as a profit forecast.

CONTENTS

COVID-19 PANDEMIC AND MACROECONOMIC HIGHLIGHTS

GROUP OVERVIEW AND STRATEGY

2Q21 AND 1H21 RESULTS

3

COVID-19 STATISTICS IN GEORGIA

4

COVID-19 STATISTICS IN GEORGIA

Georgia now has sufficient vaccine supplies (Pfizer, Sinovac, Sinopharm and AstraZeneca). The government plans to vaccinate around 60% of adult population by the end of 2021.

Source: www.stopcov.ge,

NCDC at 14:30, 16 August 2021

484,254

52,141

Confirmed cases

Active cases

425,651

806,681

Recovered

Total administered

vaccine doses

COVID-19 STATISTICS IN GEORGIA, 000' PERSONS

600

Source: NCDC

6

at 14:30, 16 August 2021

500

5

400

4

300

3

200

2

100

1

0

Mar-20Apr-20May-20

Oct-20

Jan-21

Feb-21

Mar-21

Apr-21

0

Feb-20

Jun-20

Jul-20

Aug-20

Sep-20

Nov-20

Dec-20

May-21

Jun-21

Jul-21

Aug-21

Total cases (LHS)

Total recoveries (LHS)

Daily new cases (RHS)

CUMULATIVE VACCINATIONS, 000'

Source: NCDC, ourworldindata

16 August 2021

900

20.0% of Georgia's adult population has received at least one dose of a

900

800

800

COVID-19 vaccine, while 8.4% of adult population is fully vaccinated.

700

Vaccination process significantly accelerated since the end of July 2021, and if

700

600

600

that pace continues, we expect around 46% of adult population to be

500

500

vaccinated with at least one dose by the end of September 2021, on track with

400

the government's target.

400

300

300

200

200

100

100

0

0

4-Apr-2110-Apr-2116-Apr-2122-Apr-2128-Apr-214-May-2110-May-2116-May-2122-May-2128-May-213-Jun-219-Jun-2115-Jun-2121-Jun-2127-Jun-213-Jul-219-Jul-2115-Jul-2121-Jul-21

29-Mar-21

27-Jul-21

2-Aug-21

8-Aug-21

14-Aug-21

COVID-19 ACTIVE CASES PER 100,000 PERSONS

2,500

Source: Johns Hopkins, Worldometers

2,000

at 14:30, 16 August

2021

1,921

1,500

1,404

1,000

544

603

703

500

246

348

377

399

409

472

493

213

234

19

23

37

64

0

Uzbekistan

Belarus

Ukraine

Germany

Italy

Azerbaijan

Armenia

Greece

Russia

Estonia

Poland

Lithuania

Turkey

Israel

Kazakhstan

Iran

Georgia

UK

STRONG ECONOMIC GROWTH IN 2Q21

5

REAL GDP GROWTH EXCEEDING 2019 LEVEL

Source: Geostat

Real GDP growth in 1H21:

  • 12.7% y-o-y

70%

5.7% compared to 1H19

60%

50%

44.8%

40%

30%

20.8%

25.8%

18.7%

20%

8.8%

9.5%

4.0%

10%

-3.0%

0%

-7.0%

1.2%

-10%

-5.1%

-11.5%

-20%

-30%

Jan

Feb

Mar

Apr

May

Jun

Real GDP growth, 2021 vs. 2020

Real GDP growth, 2021 vs. 2019

  • COVID-19pandemic-related mobility restrictions caused GDP to contract by 6.2% in 2020 and by 4.5% in 1Q21
  • With restrictions gradually eased, recovery gained impressive momentum in the second quarter of 2021, with real GDP up 29.8% y-o-y and up 12.6% compared to the second quarter of 2019 (pre-pandemic)
  • Overall, real GDP growth during the first half of 2021 was 12.7% y-o-y, exceeding the first half of 2019 pre-pandemic level by 5.7%
  • Robust growth in remittances and exports, and faster than expected rebound in tourism supported the recovery along with the fiscal stimulus

In the first half of 2021:

  • Exports were up 25.2% y-o-y and up 5.3% compared to the first half of 2019
  • Remittances were up 40.8% y-o-y and up 34.4% compared to the first half of 2019
  • Tourism revenues accounted for c.21% of 2019 level, with tourism arrivals accelerating since April 2021

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Bank of Georgia Group plc published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2021 06:12:06 UTC.


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