Investor Presentaiton
EDUCATION BUSINESS
OPERATING PERFORMANCE OVERVIEW
REVENUE DEVELOPMENT
☐
о
EDUCATION
KEY DRIVERS
The increase in revenue was driven by:
The organic growth through strong intakes
and a ramp-up of the utilization; and
expansion of the business.
Operating expenses were up by 50.0% y-o-y
in 4Q23, mainly reflecting inflation and
increased salary expenses in line with the
expansion.
The business grew by 1,665 learners (up by
40.0% y-o-y to 5,827 learners as of 31-Dec-
23).
GEL MILLION
+41.5%
19
14
43
33
+30.3%
55
+26.9%
6
5
EBITDA DEVELOPMENT
+6.0%
14
14
4Q22
4Q23
FY22
FY23
4Q22
4Q23
FY22
FY23
KEY OPERATING HIGHLIGHTS
GEORGIA
CAPITAL
4Q22
VS.
■ 4Q23
Change y-o-y
FY22
VS.
■ FY23
Change y-o-y
Capacity 5,670
7,270 +28.2% 5,670
7,270 +28.2%
Number of learners
Capacity utilisation
4,162
5,827 +40.0%
4,162
5,827 +40.0%
73.4%
80.2% +6.8ppts
73.4%
80.2% +6.8ppts
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