Investor Presentaiton
-
m² – a leading player on Georgian real estate market
Housing Development - Market of US$ 1.1 bln¹
1
Affordable housing
Fully Develop land bank with total
value of US$ 29 mln and c.3,697³
apartments
7 Completed projects
1,691 apartments, 99% sold with
145mln US$ sales value
4 Ongoing projects
1,202 apartments, 87% sold with
85mln US$ sales value
Asset base at 31 March 2018
US$ 80 million 2
Includes:
1. Inventory of
46% of
residential real estate
m²'s total
assets
2. Land bank
1. Transactions volume of residential flats in Tbilisi in 2017
2
Franchise m²
Develop third-party land plots under
m² brand name
Largest Franchise Deal
Signed
3,600 apartments to be delivered in 4-5
years; Expected m² fees:
"
Construction Fee: 10% of construction
costs
Sales & Marketing Fee: 2.5% sales
commissions
Incentive Fee: 30% of projects overall
profit
3
Construction Management
Earn Construction management fees
from third-party projects and bring
construction works in-house
2 Signed third party deals
3
City
Radisson Tsinandali
Inhouse projects
Melikishvili Ave mixed-use (Hotel and
Residential)
Hotel on Gergeti St.
Hotel in Telavi
Hotel in Gudauri
Track record contributing to m² strengths and opportunities
m² Brand name: 92% customer brand awareness among real estate developers in Georgia
m² pricing power: Extensive development expertise to increase efficiency in planning and design stages and drive
revenues as well as margins;
m² sales: m² pre-sales power reduces equity needed to finance the projects; Top three banks in Georgia provide
mortgages under m² completion guarantee;
m² execution: m² manages process from feasibility through apartment handover and property management; m²
completed all projects on time and on budget;
m² accessibility to financing: m² has the ability to raise financing, both in terms of securing mortgage lending to
clients from the local banks and in terms of standby facilities for liquidity support in case of slowdown in sales;
2. Total Assets are US$ 175mln. Pie charts do not sum-up to 100% due to Cash holdings of US$ 45min
3. Including 3,300 apartments of Digomi project
GEORGIA
CAPITAL
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