Investor Presentaiton
Private large
portfolio companies
EXTERNALLY VALUED
HOSPITALS BUSINESS OVERVIEW (CONT'D)
CASH FLOW
HIGHLIGHTS1
1Q22
1Q23
Change y-o-y
Operating cash
GEL 10.6
GEL -3.0m
NMF
flow¹
EBITDA to cash
conversion¹
-21.9%
70.2%
-92.0ppts
GEORGIA
CAPITAL
BED OCCUPANCY RATE
Average length of stay
5.4
5.2
5.6
5.7
5.1
5.7
5.2
-8.Oppts
54.7%
56.4% 53.1% 65.3%
54.3%
61.9%
53.9%
GEL
Free cash flow¹
8.6m
GEL
-9.4m
NMF
16
NET REVENUE
Number of referral hospitals
2,524
Number of referral hospital beds
KGEL 117.8
Revenue per referral bed
72
Emergency cars
In Tbilisi and regions
GEL million
Gross profit margin (%)
2018
2019
2020
2021
2022
1Q22
1Q23
EBITDA1
EBITDA margin (%)¹
41.4% 42.0% 37.5%
38.4% 36.0% 35.4% 35.0%
26.1%
25.6% 21.8%
23.0% 18.0%
19.2% 18.3%
318.3
-4.4%
265.2
288.7
246.5
230.2
73.7
77.1
2018
2019
2020
2021
2022
1Q22
1Q23
GEL million
-9.7%
70.0
65.6
74.2
50.7
52.7
15.1
13.6
2018
2019
2020
2021
2022
1Q22
1Q23
Georgia Capital PLC | General note: 2019 and 2020 numbers are adjusted to exclude HTMC hospital, sold in August 2020. 1.Excluding IFRS 16 impact.
80View entire presentation