Georgia Capital Financial Highlights
Pipeline
Attractive service business - Auto Service
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:
CAGR 2012-2019:
Auto park- 7%
0-1 years -0.5%
7-9 years - 5.8%
Cars per 1,000 people - 7%
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
c. GEL 2.8 billion
PTI
c. GEL 0.1 billion market
c. GEL 1.7 billion market
c. GEL 50 million market
No of private pessanger cars per 1,000 people
We have allocated GEL 10 million¹ capital to auto service business in 2019
Successfully launched the periodic technical inspection business (PTI)
Periodic technical inspection business highlights
Acquired second largest player, Amboli, in Georgian auto service industry
Amboli transaction Highlights
Total investment
GCAP allocated capital
(1) Holdback of GEL 0.6 million.
GEL 48mln
Equity stake purchased
Total cash consideration
GEL 5mln
Enterprise Value
Additional equity capital injection
➤ Amboli deal was closed on 28 June 2019
80%
GEL 3.4mln¹
0.7x EV/Sales 2018
GEL 1.6mln
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