Investor Presentaiton
NAV Statement | 31 March 2020
GEORGIA
CAPITAL
GEL thousands unless otherwise noted
Dec-19
1. Value
creation
2a.
Investments
2b. Buybacks
2c. Dividends
3. Operating
expenses
4. Liquidity management/
FX/Other
Listed Portfolio Companies
GHG1
430,079
(134,624)
BoG¹
Total Listed Portfolio Value
597,735
(233,123)
1,027,814
(367,747)
Listed Portfolio value change %
-35.8%
0.0%
0.0%
0.0%
0.0%
Mar-20
Change %
-
295,455
-31.3%
364,612
-39.0%
660,067
-35.8%
0.0%
-35.8%
Private Portfolio Companies
Late Stage
Water Utility
692,746
(79,658)
235
613,323
-11.5%
483,970
(51,904)
235
432,301
-10.7%
Housing Development
43,853
(3,932)
-
39,921
-9.0%
P&C Insurance
164,923
(23,822)
141,101
-14.4%
Early Stage
495,827
(40,505)
50,523
Renewable Energy
106,800
4,927
44,350
(4,927)
(4,927)
500,918
1.0%
2
151,150
41.5%
Hospitality and Commercial RE
245,558
(28,072)
1,137
-
218,623
-11.0%
Beverages
87,119
(17,360)
5,036
74,795
-14.1%
Education
56,350
56,350
0.0%
Pipeline
36,696
(16,490)
5,264
25,470
-30.6%
Auto Service
25,757
(14,905)
4,200
-
15,052
-41.6%
Digital Services
8,790
-
8,790
0.0%
Other
2,149
(1,585)
1,064
1,628
-24.2%
Total Private Portfolio Value
1,225,269
(136,653)
56,022
(4,927)
Private Portfolio value change %
-11.2%
4.6%
0.0%
-0.4%
0.0%
0.0%
1,139,711
-7.0%
-7.0%
Total Portfolio Value (1)
2,253,083
(504,400)
56,022
(4,927)
-
Total Portfolio value change %
-22.4%
2.5%
0.0%
-0.2%
0.0%
0.0%
1,799,778
-20.1%
-20.1%
Net Debt (2)
(493,565)
of which, Cash and liquid funds
211,889
(56,022)
(56,022)
(5,746)
4,927
(5,746)
4,927
(4,378)
(4,378)
of which, Loans issued
151,884
of which, Gross Debt
(857,338)
(104,812)
19,439
(16,006)
(108,245)
(659,596)
33.6%
170,109
-19.7%
135,878
-10.5%
(965,583)
12.6%
Net other assets/ (liabilities) (3)
(5,650)
(3,631)
of which, share-based compensation
(3,631)
6,435
3,631
(2,846)
-49.6%
NMF
Net Asset Value (1)+(2)+(3)
1,753,868
NAV growth %
(504,400)
-28.8%
(5,746)
(8,009)
0.0%
-0.3%
0.0%
-0.5%
(98,377)
-5.6%
1,137,336
-35.2%
-35.2%
Shares outstanding
37,441,971
244,085
Net Asset Value per share
46.84
(13.47)
(0.46)
(0.21)
(2.52)
NAV per share growth %
-28.8%
0.0%
-1.0%
0.0%
-0.5%
-5.4%
Net Asset Value per share GBP
12.46
(3.59)
(0.12)
(0.06)
(1.28)
37,686,056
30.18
-35.6%
7.41
0.7%
-35.6%
-40.5%
NAV per share growth %
-28.8%
0.0%
-1.0%
0.0%
-0.5%
-10.2%
-40.5%
NAV per share, Listed portfolio
NAV per share, Private portfolio
21.37
25.47
11.07
19.11
-48.2%
-25.0%
Page 26
(1) Number of shares owned in GHG and BoG were 93,011,414 and 9,784,716 as of 31-Mar-20, respectively.View entire presentation