Investor Presentaiton
Hospitality & Commercial RE business financial highlights
Income statement
Statement of cash flow
Balance sheet
GEL thousands, unless otherwise noted
Cash and cash equivalents
Prepayments
Investment property
Land bank
Commercial real estate
Property and equipment
Goodwill
GEORGIA
CAPITAL
Dec-19
Dec-18 Change
19,245 28,615 -32.7%
24,031 15,713 52.9%
401,216 225,343 78.0%
69,693 37,459 86.1%
331,523 187,884
5,919
1,787
76.5%
172
NMF
NMF
GEL thousands, unless otherwise noted
FY19
FY18
Change
GEL thousands, unless otherwise noted
FY19
FY18
Change
Revenue from operating lease
8,903
5,467
62.9%
Gross profit from operating leases
6,458
4,588
40.8%
Net proceeds from rent generating assets
Net proceeds from hospitality services
6,087
5,414
12.4%
1,876
2,295
-18.3%
Revenue from hospitality services
7,009
5,151
36.1%
Other operating expenses paid
(4,707)
(2,039)
NMF
Gross profit from hospitality services
1,827
Other income
1,945
228
-6.1%
NMF
Net cash flows from operating activities
Acquisition of investment property
3,256
5,670
-42.6%
(29,197) (53,475)
-45.4%
Gross Real Estate Profit
8,285
6,761
Revaluation on commercial property¹
21,676
27,621
Operating expenses
(5,216)
(3,520)
22.5%
-21.5%
48.2%
Capital expenditure on investment property
VAT return
Loans issued
(62,200)
5,862
443
(27,525)
8,574
(7,018)
NMF
-31.6%
Other assets
NMF
Total assets
EBITDA
24,745
30,862
-19.8%
Acquisition of subsidiaries
(15,169)
NMF
Borrowings
Net operating income before non-
15,823
27,056
-41.5%
Net cash flows used in investing activities
(100,261)
recurring items
Proceeds from preferred stock issued
36,434
(79,444)
32,914
26.2%
Debt securities issued
10.7%
Other liabilities
Net non-recurring items
(1,339)
Profit before income tax
15,823
25,717
NMF
-38.5%
Proceeds from debt securities issued
59,964
19,609
NMF
Total liabilities
Contributions under share-based payment plan
(162)
(82)
Profit
15,823
25,717
-38.5%
Proceeds from borrowings
105,289
95,797
97.6%
9.9%
Total equity attributable to
shareholders of the Group
Non-controlling interest
Repayment of borrowings
(102,010)
(19,400)
NMF
Total equity
Net intragroup loans (repaid) / received
3,867
(37,760)
NMF
Total liabilities and equity
Interest paid
(15,592)
(3,343)
NMF
Net cash flows from financing activities
87,790
87,735
0.1%
Effect of exchange rate changes on cash and cash
(156)
(151)
3.3%
equivalents
Total cash inflow/(outflow)²
(9,371)
13,810
NMF
Cash, beginning balance
28,616
14,806
93.3%
(1) Value created on commercial property.
(2) Net cash flow includes amounts due from credit institutions.
Cash, ending balance
19,245
28,616
-32.7%
10,086 24,990 -59.6%
462,284 294,833 56.8%
110,889 104,557 6.1%
85,519 19,609 NMF
17,379 10,828 60.5%
213,787 134,994 58.4%
247,817 149,078
66.2%
680 10,761 -93.7%
248,497 159,839 55.5%
462,284 294,833 56.8%
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