Portfolio Valuation and Ameriabank Acquisition Update
NAV STATEMENT | 4Q23
2a.
GEL thousands unless otherwise noted
30-Sep-23 1.Value Creation
Investments and
Divestments
2b. Buybacks
2c. Dividends
3.Operating
Expenses
4. Liquidity
Management/ FX /
Other
31-Dec-23
Change %
Listed and Observable Portfolio Companies
BOG
Water Utility
1,092,209
161,316
(27,678)
159,000
1,225,847
159,000
12.2%
NMF
Listed and Observable Portfolio Value
1,251,209
161,316
Listed and Observable Portfolio value change %
12.9%
0.0%
0.0%
(27,678)
-2.2%
1,384,847
10.7%
0.0%
0.0%
10.7%
Private Portfolio Companies
Large portfolio companies
1,402,924
41,177
(6,470)
Retail (pharmacy)
679,245
34,397
(1,400)
359
1,436,231
2.4%
714,001
5.1%
Hospitals
Insurance
381,870
(35,589)
(1,925)
344,356
-9.8%
341,809
42,369
Of which, P&C Insurance
267,811
24,059
(6,470)
(6,470)
166
377,874
10.6%
166
285,566
6.6%
Of which, Medical Insurance
73,998
18,310
92,308
24.7%
Investment stage companies
527,808
34,017
2,135
2,654
566,614
7.4%
Renewable energy
260,810
5,179
500
138
266,627
2.2%
Education
170,856
16,584
1,635
151
189,226
10.8%
Clinics and Diagnostics
96,142
12,254
2,365
110,761
15.2%
Others
297,265
(13,378)
366
284,253
-4.4%
Private Portfolio Value
2,227,997
61,816
2,135
(6,470)
1,620
2,287,098
2.7%
Private Portfolio value change %
2.8%
0.1%
0.0%
-0.3%
0.0%
0.1%
2.7%
Total Portfolio Value
3,479,206
223,132
2,135
(34,148)
Total Portfolio value change %
6.4%
0.1%
Net Debt
(294,185)
of which, Cash and liquid funds
100,356
(1,464)
(1,464)
0.0%
(22,196)
-1.0%
0.0%
34,148
(5,459)
1,620
0.0%
(7,652)
3,671,945
2.5%
5.5%
(296,808)
0.9%
(22,196)
34,148
(5,459)
2,525
107,910
7.5%
of which, Loans issued
of which, Gross Debt
Net other assets/ (liabilities)
Share based compensation
Net Asset Value
NAV change %
Shares outstanding
Net Asset Value per share
8,905
307
9,212
3.4%
(403,446)
(10,484)
2,659
(671)
(287)
(3,347)
5,021
(413,930)
3,375
2.6%
26.9%
(3,347)
3,347
NMF
3,187,680
223,132
7.0%
0.0%
41,401,750
(22,483)
-0.7%
(665,222)
(8,806)
(1,011)
3,378,512
6.0%
0.0%
-0.3%
0.0%
6.0%
40,736,528
-1.6%
76.99
5.39
0.00
0.71
0.00
(0.21)
0.04
82.94
7.7%
NAV per share change %
7.0%
0.0%
0.9%
0.0%
-0.3%
0.1%
7.7%
Net Asset Value per share (GBP)
23.44
1.61
0.00
0.21
0.00
(0.06)
(0.98)
24.23
3.4%
NAV per share (GBP) change %
6.9%
0.0%
0.9%
0.0%
-0.3%
-4.2%
3.4%
GEORGIA
CAPITAL
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