FY20 Results and Strategy Overview
Private large
portfolio companies
EXTERNALLY VALUED
WATER UTILITY BUSINESS OVERVIEW (CONT'D)
FY20 OPERATING HIGHLIGHTS
REVENUE HIGHLIGHTS
EBITDA
GEORGIA
CAPITAL
Energy
Total 123 119 127 135 149
163 131
44
32
53.4 million KWh
13.0 Tetri/KWh
20
9
10
-69.9% y-o-y
15.1% y-o-y
Electricity sales
Average electricity sales price
175.2 GWh
+0.7% y-o-y
Self-produced electricity
consumption
Water Utility
165.9 million m³ 3,473
-7.0% y-o-y
Water sales
-36.1% y-o-y
228.6 GWh
GEL million
6
10
6
-28.2%
9
-35.0% y-o-y
Electricity generation
140
143
117
110
117
125
125
27
6
1
12
39
31
2014
2015
2016
2017
2018
2019
2020 4Q19
4Q20
2014 2015 2016 2017 2018 2019 2020 4Q19 4Q20
GEL million
2014-2019: +72%
95
83
73
69
62
55
-55.5%
63
Water supply revenue Energy revenue
OPERATING AND INVESTING CASH FLOW)
FCF 7 17 (2) (58)
New Connections
(66)
125
17
4
5 5
105
SELF-PRODUCED ELECTRICITY CONSUMPTION
2014-2020: -43.3%
GEL 15m
-31.8% y-o-y
FY20 FINANCIAL HIGHLIGHTS
Dividend Payment
GEL million
76
55
48
59 60
52
47
5256
35
34 32
20
15
22
17
Cash-flow used in investing activities Cash-flow from operating activities
Georgia Capital PLC 1. Cash flow used in investing activities includes Capital expenditures. 2. Cash flow used in operating activities included Maintenance capex.
kWh million
309
319
256
239
- 1.1%
193
174
175
41
41
2014
2015
2016
2017
2018
2019
2020 4Q19 4Q20
2014
2015
2016
2017 2018 2019
2020 4Q19 4Q20
2
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