Investor Presentaiton
Wine business
TELIANI VALLEY INCOME STATEMENT
INCOME STATEMENT
CAGR
GEL thousands; unless otherwise noted
1H20
1H21
Change
FY18
FY19
FY20
'18-20
Revenue
15,082
23,621
56.6%
29,352
42,150
49,553
29.9%
of which, revenue from local sales
1,264
2,526
99.8%
7,041
7,584
3,342
-31.1%
of which, revenue from exports
13,818
21,095
52.7%
19,436
31,667
44,001
50.5%
of which, revenue from grape revaluation
NMF
2,875
2,899
2,210
-12.3%
COGS
(9,596)
(12,940)
34.8%
(15,310)
(23,355)
(28,163)
35.6%
Gross Profit
5,486
10,681
94.7%
14,042
18,795
21,390
23.4%
Gross Profit Margin
36.4%
45.2%
8.8 ppts
47.8%
44.6%
43.2%
-4.7 ppts
Salaries and other employee benefits
(2,024)
(3,296)
62.8%
(2,878)
(4,767)
(5,799)
41.9%
Sales and marketing expenses
(265)
(269)
1.5%
(399)
(916)
(530)
15.3%
General and administrative expenses
(1,144)
(1,128)
-1.4%
(2,184)
(2,563)
(2,360)
4.0%
Distribution expenses
(666)
(587)
-11.9%
(1,254)
(1,408)
(1,475)
8.5%
Other operating expenses
(106)
(107)
0.9%
(176)
(410)
(179)
0.8%
EBITDA
1,281
5,294
313%
7,151
8,731
11,047
24.3%
EBITDA margin
8.5%
22.4%
13.9 ppts
24.4%
20.7%
22.3%
-2.1 ppts
Depreciation and amortization
(2,289)
(2,269)
-0.9%
(1,435)
(3,490)
(4,536)
77.8%
Net interest income/expense
(1,854)
(1,731)
-6.6%
(2,872)
(3,882)
(5,276)
35.5%
Net foreign currency gain (loss)
(2,726)
2,824
NMF
(2,139)
67
(7,364)
85.5%
Net non-recurring items
437
NMF
(796)
(410)
(6)
91.3%
Net profit/(loss) before income tax
(5,588)
4,555
NMF
(91)
1,016
(6,135)
NMF
Net profit/(loss)
(5,588)
4,555
NMF
(91)
1,016
(6,135)
NMF
GEORGIA
CAPITAL
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