Investment and Growth Strategy
NAV STATEMENT | 1Q23
GEORGIA
CAPITAL
GEL thousand unless otherwise noted
Listed and Observable Portfolio Companies
Bank of Georgia (BOG)
Water Utility
31-Dec-22
830,463
1.Value
Creation
2a.
Investments
3.Operating
2b. Buybacks
2c. Dividends
Expenses
4. Liquidity
Management/ FX /
Other
31-Mar-23
Change %
20,839
(21,225)
830,077
0.0%
155,000
155,000
0.0%
Total Listed and Observable Portfolio Value
985,463
20,839
Listed and Observable Portfolio value change %
2.1%
0.0%
0.0%
(21,225)
-2.2%
985,077
0.0%
0.0%
0.0%
0.0%
Private Portfolio Companies
Large portfolio companies
1,437,610
28,931
548
1,467,089
2.1%
Retail (pharmacy)
Hospitals
Insurance (P&C and Medical)
Of which, P&C Insurance
Of which, Medical Insurance
Investment stage companies
Renewable Energy
Education
724,517
25,939
750,456
3.6%
433,193
(6,088)
427,105
-1.4%
279,900
9,080
548
289,528
3.4%
228,045
3,683
548
232,276
1.9%
51,855
5,397
57,252
10.4%
501,407
18,455
12,798
224,987
19,833
3,188
(5,187)
(5,187)
195
527,668
5.2%
195
243,016
8.0%
164,242
1,296
9,610
175,148
6.6%
Clinics and diagnostics
112,178
(2,674)
109,504
-2.4%
Others
274,147
8,671
4,200
610
287,628
4.9%
Private Portfolio Value
2,213,164
56,057
16,998
(5,187)
1,353
2,282,385
3.1%
Private Portfolio value change %
2.5%
0.8%
0.0%
-0.2%
0.0%
0.1%
3.1%
Total Portfolio Value
3,198,627
76,896
16,998
(26,412)
1,353
3,267,462
2.2%
Total Portfolio value change %
2.4%
Net Debt
(380,905)
of which, Cash and liquid funds
411,844
0.5%
(16,998)
(16,998)
0.0%
(19,266)
(19,266)
-0.8%
0.0%
26,412
(5,217)
0.0%
9,746
2.2%
(386,228)
1.4%
26,412
(5,217)
of which, Loans issued
of which, Gross Debt
Net other assets/ (liabilities)
Share based compensation
Net Asset Value
NAV change %
Shares outstanding
Net Asset Value per share
NAV per share change %
26,830
(52,446)
8,718
344,329
-16.4%
35,548
32.5%
(819,579)
53,474
(766,105)
-6.5%
(331)
(4,714)
4,261
(784)
NMF
(4,714)
4,714
0.0%
2,817,391
76,896
(19,266)
(9,931)
15,360
2,880,450
2.2%
2.7%
0.0%
-0.7%
0.0%
-0.4%
0.5%
2.2%
42,973,462
65.56
(770,291)
329,844
42,533,015
-1.0%
1.79
0.00
0.74
0.00
(0.23)
(0.15)
67.72
3.3%
2.7%
0.0%
1.1%
0.0%
-0.4%
-0.2%
3.3%
Georgia Capital PLC | 1. Number of shares owned in BoG was 9,784,716 as of 31 December 2022.
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