Georgia Capital Portfolio Overview
GEL thousands unless otherwise noted
Dec-18
Listed Portfolio Companies
977,827
NAV Statement | 30 June 2019
2a. Capital
allocation
(28,932)
2b. Buy-backs
3. Operating
expenses
1. Value
creation
4a. Net interest
income
4b. Liquidity
management
Jun-19
Change %
245,817
1,194,712
22.2%
GHG²
520,332
145,062
(3,981)
661,413
27.1%
BOG²
457,495
100,755
(24,951)
533,299
16.6%
Private Portfolio Companies
905,547
100,768
36,496
-
1,042,811
15.2%
Late Stage
628,326
79,683
(26,036)
681,973
8.5%
Water Utility
431,017
28,689
459,706
6.7%
Housing Development
66,785
12,109
(18,036)
60,858
-8.9%
P&C Insurance
130,524
38,885
(8,000)
-
161,409
23.7%
Early Stage
271,288
5,423
38,190
314,901
16.1%
Renewable Energy
61,182
1,555
62,737
2.5%
Hospitality and Commercial RE
149,079
7,086
26,266
-
182,431
22.4%
Beverages
61,027
(1,663)
10,369
69,733
14.3%
Of which, wine
56,771
2,593
269
59,633
5.0%
Of which, beer
4,256
(4,256)
10,100
10,100
NMF
Pipeline
Education
5,933
15,662
24,342
45,937
NMF
7,071
4,138
11,209
58.5%
Auto Service
(1,326)
15,662
10,027
24,363
NMF
Digital Services
8,790
8,790
NMF
Other
188
1,387
1,575
NMF
Total Portfolio Value (1)
1,883,374
346,585
7,564
2,237,523
18.8%
Net Debt (2)
(196,915)
(10,202)
(58,735)
(9,568)
1,273
of which, Cash and liquid funds
299,650
(10,202)
(58,735)
(9,568)
14,050
(30,372)
88,764
(304,519)
54.6%
323,959
8.1%
of which, Loans issued
305,480
13,115
(86,306)
232,289
-24.0%
of which, Gross Debt
(802,045)
(25,892)
(32,830)
(860,767)
7.3%
Net other assets/ (liabilities) (3)
1,762
2,638
(1,200)
(7,041)
-
9,202
5,361
NMF
Net Asset Value (1)+(2)+(3)
1,688,221
NAV growth %
346,585
20.5%
0%
(59,935)
-3.6%
(16,609)
-1.0%
1,273
0.1%
(21,170)
-1.3%
1,938,365
14.8%
14.8%
Shares outstanding
Net Asset Value per share¹
Net Asset Value per share (GBP)1
38,089,558
44.32
13.05
(2,784,181)
656,026
35,961,403
53.90
-5.6%
21.6%
14.81
13.5%
(1) We calculate NAV per share as total NAV divided by the number of issued shares at the end of the period less unawarded shares in management trust. This represents a change from previously adopted approach, when shares
bought under the buyback programme and unvested management shares were also deducted for calculation.
(2)
Number of shares owned in BoG and GHG were 9,784,716 and 75,118,503 shares, respectively.
GEORGIA
CAPITAL
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