1Q20 Results Discussion
Value creation in 1Q20
Portfolio Businesses
GEL thousands
Operating
Performance
Greenfields
Multiple Change
FX
Value Creation
(1)
(2)
(3)
(4)
(1)+(2)+(3)+(4)
Listed
(367,747)
GHG
(134,624)
BOG
Private
Late Stage
Water Utility
Housing Development
(233,123)
(61,140)
(1,585)
(77,939)
4,011
(136,653)
(12,752)
(52,350)
(14,556)
(79,658)
+
(3,754)
(28,528)
(19,622)
I
(51,904)
(8,998)
5,066
I
(3,932)
P&C Insurance
(23,822)
(23,822)
Early Stage
(48,388)
(14,150)
22,033
I
(40,505)
Renewable Energy
4,927
4,927
Hospitality & Commercial Real Estate
(55,815)
27,743
(28,072)
Beverages
2,500
(14,150)
(5,710)
I
(17,360)
Education
I
Pipeline
Auto Service
Digital Services
(1,585)
(11,439)
(3,466)
(16,490)
(11,439)
(3,466)
I
(14,905)
Other
Total Portfolio
(61,140)
(1,585)
(1,585)
(1,585)
(77,939)
4,011
(504,400)
Ill. Decrease in value of private business excluding multiple change and FX is GEL 63 million
GEORGIA
CAPITAL
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