Portfolio Overview & Capital Allocation
Private large
portfolio companies
EXTERNALLY VALUED
WATER UTILITY BUSINESS OVERVIEW (CONT'D)
FY20 OPERATING HIGHLIGHTS
REVENUE HIGHLIGHTS
EBITDA
GEORGIA
CAPITAL
Energy
Total 123 119 127 135 149
53.4 million KWh
13.0 Tetri/KWh
163 131
20
44
32
9
10
-69.9% y-o-y
15.1% y-o-y
Electricity sales
Average electricity sales price
175.2 GWh
+0.7% y-o-y
Self-produced electricity
consumption
Water Utility
169.5 million m³ 3,473
-7.0% y-o-y
Water sales
-36.1% y-o-y
228.6 GWh
GEL million
6
10
6
-28.2%
9
-35.0% y-o-y
Electricity generation
140
143
117
110
117
125
125
27
6
1
12
39
31
2014
2015
2016
2017
2018
2019
2020 4Q19
4Q20
2014 2015 2016 2017 2018 2019 2020 4Q19 4Q20
GEL million
2014-2019: +72%
95
83
73
69
62
55
-55.5%
63
Water supply revenue Energy revenue
OPERATING AND INVESTING CASH FLOW)
FCF 7 17 (2) (58) (66)
17
4
5 5
New Connections
125
105
SELF-PRODUCED ELECTRICITY CONSUMPTION
2014-2020: -43.3%
GEL 15m
-31.8% y-o-y
FY20 FINANCIAL HIGHLIGHTS
GEL million
76
59 60
55
48
52
47
35
34 32
5256
20
15
1722
Dividend Payment
2014
2015
2016
2017
2018
2019
Cash-flow used in investing activities
2020 4Q19 4Q20
■Cash-flow from operating activities
Georgia Capital PLC 1. Cash flow used in investing activities includes Capital expenditures. 2. Cash flow used in operating activities included Maintenance capex.
kWh million
309
319
256
239
- 1.1%
193
174
175
2014
2015
2016
2017
2
41
41
2018 2019 2020 4Q19 4Q20
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