Georgia Capital Shareholder and Market Opportunity Overview
17
Private large
portfolio companies
EXTERNALLY VALUED
HEALTHCARE SERVICES BUSINESS OVERVIEW (CONT'D)
HOSPITALS
Bed occupancy rate
CLINICS
Number of referral hospitals
Average
length of
4.9
5.2
5.5
stay
GEORGIA
CAPITAL
Number of polyclinics
19
15
5.4
5.2
5.6
5.3
5.9
Number of community clinics
-3.3ppts
-2.3ppts
2,596
80%
63.0%
353
c.539,000
Number of referral hospital beds
61.6%
60.0%
59.3%
56.4%
57.7%
54.7%
60%
53.1%
KGEL 109.6
Number of community clinics
beds
Number of registered patients
40%
Revenue per
referral bed
20%
2015
2016
2017
2018
2019
2020
1Q20
1Q21
1Q21 CASH FLOW
HIGHLIGHTS1
NET REVENUE²
EBITDA¹
GEL 4.3m
Gross profit margin (%)
43%
46%
42%
42%
43%
39%
38%
43%
EBITDA margin (%)¹
27%
30%
26% 25% 26% 22%
21% 26%
-85.9% y-o-y
Operating cash flow
18.6%
EBITDA to cash conversion
CAGR 7.9%
305.6
350
293.0
300
2.9
285.8
GEL (8.1)m
Free cash flow
GEL million
5.1
265.4
38.3
246.1
14.5
+23.3%
44.4
250
46.7
200
-17.2%
195.0
+54.5%
88.9
72.1
268.3
5.5
150
248.5
100
74.3
70.1
76.0
74.7
232.3
1.7
15.3
53.5
61.8
12.0
23.1
14.9
70.7
60.1
50
2015
2016
2017
2018
2019
2020
1Q20
1Q21
0
2015
2016
2017
2018
2019
2020
1Q20
1Q21
Hospitals
Clinics
Diagnostics
Georgia Capital PLC | General note: 2019 and 2020 numbers are adjusted to exclude HTMC hospital, sold in August 2020. 1.Excluding IFRS 16 impact. 2. Sum of segments revenue does not reconcile to total revenue due to eliminations.
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