Georgia Capital 3Q23 & 9M23 Performance Overview
DIVIDEND INCOME OUTLOOK
GEORGIA
CAPITAL
CASH DIVIDEND INCOME FROM PORTFOLIO COMPANIES
GEL 202 MILLION DIVIDEND INCOME IN 9M23
DIVIDENDS INCOME
+2.2x
RECURRING
ONE-OFF
TOTAL
(GEL million)
202
BOG
96.8
29.4
126.2
Of which, cash dividends
52.8
52.8
GEL MILLION
Of which, buyback dividends
44.0
29.4
73.4
73
Retail (Pharmacy)
24.2
26.7
50.9
Insurance business
13.4
13.4
Of which, P&C Insurance
8.4
8.4
94
Of which, Medical Insurance
5.0
5.0
53
73
29
29
41
15
30
60
44
60
30
71
74
Hospitals business
6.0
6.0
Renewable Energy
5.2
5.2
TOTAL
145.7
56.1
201.7
76
53
2019
2020
Dividend income from private companies
Buyback dividend
2021
2022
9M23
â– Dividend income from listed companies
IN ADDITION TO THE RECURRING DIVIDENDS, GCAP RECEIVED A ONE-OFF NON-
RECURRING INFLOW OF GEL 56.1 MILLION IN 9M23:
1) GEL 29.4 million from the participation in BOG's 2022 share buybacks;
2) One-off additional dividend of GEL 26.7 from the retail (pharmacy) business, following
the minority buyout.
SOLID RECURRING DIVIDEND
INCOME OUTLOOK 2023
c.180
GEL MILLION
EXCEEDING THE INITIALLY
ANNOUNCED OUTLOOK BY 12.5%
ADDITIONAL ONE-OFF
INFLOWS IN 2023
56
GEL MILLION
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