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Investor Presentaiton

NAV STATEMENT | 3Q21 GEORGIA CAPITAL GEL thousands unless otherwise noted 30-Jun-21 1.Value Creation 2a. Investments 3.Operating 2b. Buybacks 2c. Dividends Expenses 4. Liquidity Management/ FX / Other 30-Sep-21 Change % Listed Portfolio Companies BOG 575,394 66,246 641,640 11.5% Listed Portfolio Value 575,394 66,246 641,640 11.5% Listed Portfolio value change % 11.5% 0.0% 0.0% 0.0% 0.0% 0.0% 11.5% Private Portfolio Companies Large portfolio companies 2,084,776 185,259 (25,000) 249 2,245,284 7.7% Healthcare Services Pharmacy and Distribution Water Utility P&C Insurance P&C Insurance Healthcare Insurance Investment stage companies Renewable energy Education 685,821 49,693 (11,545) 723,969 5.6% 580,402 48,684 (11,460) 617,626 6.4% 548,230 71,260 249 619,739 13.0% 270,323 15,622 (1,995) 283,950 5.0% 206,351 10,084 216,435 4.9% 63,972 5,538 (1,995) 67,515 5.5% 344,768 (9,595) 6,177 (5,000) 249 336,599 -2.4% 221,109 (8,000) 776 (5,000) 249 209,134 -5.4% 123,659 (1,595) 5,401 127,465 3.1% Others 242,388 2,721 365 498 245,972 1.5% Private Portfolio Value 2,671,932 178,385 6,542 (30,000) Private Portfolio value change % 6.7% 0.2% 0.0% -1.1% 0.0% 996 0.0% 2,827,855 5.8% 5.8% Total Portfolio Value 3,247,326 244,631 6,542 (30,000) Total Portfolio value change % 7.5% 0.2% 0.0% -0.9% 0.0% 996 0.0% 3,469,495 6.8% 6.8% Net Debt (714,065) (6,542) (9,335) 30,000 (5,097) (7,082) (712,121) -0.3% of which, Cash and liquid funds 283,897 (6,542) (9,335) 30,000 (5,097) (36,735) 256,188 -9.8% of which, Loans issued of which, Gross Debt 158,191 551 158,742 0.3% (1,156,153) 29,102 (1,127,051) -2.5% Net other assets/ (liabilities) 4,275 (3,791) Share based compensation (3,791) 4,986 3,791 5,470 28.0% 0.0% Net Asset Value 2,537,536 244,631 (9,335) (8,888) (1,100) 2,762,844 8.9% NAV change % 9.6% 0.0% -0.4% 0.0% -0.4% 0.0% 8.9% Shares outstanding 46,575,944 (354,000) 46,221,944 -0.8% Net Asset Value per share 54.48 5.25 0.00 0.22 0.00 (0.19) 0.00 59.77 9.7% NAV per share change % 9.6% 0.0% 0.4% 0.0% -0.3% 0.0% 9.7% 97
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