Investor Presentaiton slide image

Investor Presentaiton

Pipeline Attractive service business - Auto Service CAGR 2012-2019: Auto park- 7% We aim to build a diversified business model combining different auto-related services to capitalise on the large and growing automotive services market Auto park in Georgia ('000) Auto park by age in 2019: 0-1 years - 0.5% Cars per 1,000 people - 7% 7-9 years -5.8% 1-3 years - 1.7% 4-6 years - 3.8% 10-12 years 7.2% 12+ years - 81.0% 934 1,024 1,108 1,196 1,258 1,322 1,376 860 GEORGIA CAPITAL Room for growth in the highly fragmented auto service market in Georgia Leading player 16% The rest of the market is dominated by small, owner operated lower-end service shops. 268 279 173 189 209 226 245 256 2012 2013 2014 2015 Source: MOIA Autopark 2016 2017 2018 2019 Total auto service market - Car services and parts Car insurance Secondary car trading c. GEL 1 billion market No of private pessanger cars per 1,000 people. c. GEL 2.8 billion We have allocated GEL 14 million capital to auto service business as of 31 March 20202 Acquired second largest player, Amboli, in Georgian auto service industry PTI c. GEL 0.1 billion market c. GEL 1.7 billion market c. GEL 50 million market Successfully launched the periodic technical inspection business (PTI) Periodic technical inspection business highlights Amboli transaction Highlights Total investment GEL 48mln Equity stake purchased 80% GCAP allocated capital GEL 5mln Total cash consideration GEL 3.4mln¹ Enterprise Value 0.7x EV/Sales 2018 Additional equity capital injection GEL 1.6mln (1) Holdback of GEL 0.6 million. (2) GEL 10 million was allocated in 2019. Increased ownership by 10% to 90% in Amboli in 1Q20 Page 57
View entire presentation