Georgia Capital Shareholder and Market Opportunity Overview
GEORGIA CAPITAL PERFORMANCE OVERVIEW | 1Q21
VALUE CREATION IN PRIVATE PORTFOLIO | 1Q21
GEORGIA
CAPITAL
Income statement
Portfolio Businesses
Operating
Performance
Greenfields
Multiple
Change and FX
GEL '000, unless otherwise noted
1Q21
1Q20
Change
Dividend income
4,738
4,927
-3.8%
GEL thousands
(1)
(2)
(3)
Value Creation in
1Q21
(1)+(2)+(3)
Interest income
4,497
6,155
-26.9%
BOG
(26,452)
Realised/unrealised (loss)/ gain on liquid funds
(172)
(3,940)
-95.6%
Interest expense
(17,219)
(14,650)
17.5%
Total Listed Portfolio Companies
(26,452)
Gross operating (loss)/income
(8,156)
(7,508)
8.6%
Large Portfolio Companies
24,106
(12,794)
11,312
Operating expenses
(8,873)
(8,009)
10.8%
GCAP net operating (loss)/income
(17,029)
(15,517)
9.7%
Healthcare Services
78,728
(45,300)
33,428
Retail (Pharmacy)
(56,215)
39,056
(17,159)
Fair value changes of portfolio companies
Water Utility
(13,793)
(1,212)
(15,005)
Listed portfolio companies
(26,452)
(367,747)
-92.8%
Of which, Georgia Healthcare Group PLC
(134,624)
NMF
Insurance (P&C & Medical)
15,386
(5,338)
10,048
Of which, Bank of Georgia Group PLC
(26,452)
(233,123)
-88.7%
Investment Stage Portfolio
(7,705)
1,015
9,753
3,063
Private portfolio companies
30,250
(141,580)
NMF
Companies
Large Portfolio Companies
11,312
(75,726)
NMF
Renewable Energy
(4,258)
3,557
(701)
Of which, Healthcare Services
33,428
NMF
Education
(3,447)
1,015
6,196
3,764
Of which, Retail (pharmacy)
(17,159)
NMF
Other Portfolio Companies
14,286
(150)
6,477
20,613
Of which, Water Utility
(15,005)
(51,904)
-71.1%
Of which, Insurance (P&C and Medical)
10,048
(23,822)
NMF
Total Private Portfolio Companies
30,687
865
3,436
34,988
Investment Stage Portfolio Companies
1,675)
NMF
Total Portfolio
30,687
865
3,436
8,536
Of which, Renewable energy
(5,439)
NMF
Of which, Education
3,764
NMF
Other businesses
20,613
(65,854)
NMF
Total investment return
3,798
(509,327)
NMF
(Loss)/Income before foreign exchange
(13,231)
(524,844)
-97.5%
movements and non-recurring expenses
Net foreign currency loss
Non-recurring expenses
Net Income/(loss) (adjusted IFRS)
(31,442)
(177)
(44,850)
(92,139)
-65.9%
NMF
(616,983)
-92.7%
90
90View entire presentation