Georgia Capital - Financial Overview and Investment Opportunities
Capital allocation outlook through 2022
Highly disciplined approach to unlock value through investments
GEL millions
BOG
Listed investments
GHG
20181
2019
2020
2021
2022
(24)
(26)
(27)
(29)
(31)
+137 million
dividend inflows
Private investments
Water utility
(28)
(30)
(32)
(34)
(35)
Late stage
Housing development
(10)
(15)
(20)
(25)
+306 million
P&C insurance
(10)
(12)
(15)
(18)
(22)
Private investments
Renewable energy
8
101
Early stage
Hospitality & Commercial
33
30
9
Beverages
49
18
20
20
78
(19)
dividend inflows
(327) million
Capital deployment
Pipeline
Education
Total²
34
42
42
28
(146) million
Capital deployment
62
30 million
62
113
(18)
5
(132)
Net capital outflows
12
Together with the available GEL 604 million liquid funds and short-term loans, we are well-positioned to support the value
creation across our private portfolio businesses and take advantage of new opportunities as and when they arise
(1) Includes actual net capital allocations of GEL 29 million in 1H18, comprising of GEL 10 million dividend inflows from P&C insurance business and capital deployment of GEL 39 million in education, renewable energy and beverages businesses
(2) Buybacks are not included within the capital allocations
GEORGIA
CAPITAL
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