Investor Presentaiton
Private large
portfolio companies
EXTERNALLY VALUED
WATER UTILITY BUSINESS OVERVIEW (CONT'D)
GEORGIA
CAPITAL
OPERATING HIGHLIGHTS
REVENUE HIGHLIGHTS
Total 119
127 135 149 163
131
38
60
99
152
Energy
3Q21
9M21
EBITDA
2015-2019: +54%
+91.9%
+ 54.0%
Electricity sales (KWh million)
32.2
Change (y-o-y)
+121.9%
106.7
+139.6%
Average electricity sales price
(tetri/kWh)
11.6
10.5
GEL million
20
9
10
9
10
14
6
+ 58.2%
5
GEL million
95
83
73
69
62
97
63
+ 94.6%
140 143
5
138
110 117
125
125
2
Change (y-o-y)
-6.1%
-17.3%
94
94
50
40
21
55
36
Self-produced electricity consumption
48.9
137.9
2015 2016
2017 2018 2019 2020
3Q20 3Q21
9M20 9M21
2015 2016
2017 2018 2019 2020 3Q20 3Q21 9M20 9M21
Change (y-o-y)
+1.1%
Electricity generation (KWh million)
81.1
+2.8%
244.6
Water supply revenue Energy revenue
OPERATING AND INVESTING CASH FLOW
SELF-PRODUCED ELECTRICITY CONSUMPTION
Change (y-o-y)
+29.0%
+36.8%
FCF
17 (2) (58) (66) 17
4 7 30
(1)
29
125
105
2015-2020: -45.2%
Water Utility
3Q21
9M21
Water sales (million m³)
37.9
109.0
Change (y-o-y)
-13.4%
-13.2%
New Connections
1,132
2,898
Change (y-o-y)
-11.8%
+7.0%
GEL million
35
52
62
59
76
60
47
5256
3432
69
42
40
35 34
17 12
9
2015
2016 2017 2018
2019
2020 3Q20 3Q21
9M20 9M21
Cash-flow used in investing activities1 Cash-flow from operating activities 2
Georgia Capital PLC 1. Cash flow used in investing activities includes Capital expenditures. 2. Cash flow used in operating activities includes Maintenance capex.
kWh million
+ 1.1%
+ 2.8%
319
256
239
193 174
175
134
138
48
49
2015 2016
2017 2018 2019
2020 3Q20 3Q21 9M20
9M21
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