Georgia Capital Financial Highlights
NAV Statement | 31 December 2019
GEORGIA
CAPITAL
GEL thousands unless otherwise noted
Dec-18
1. Value
creation
2a.
2b. Buybacks
2c. Dividends
Investments
3. Operating
expenses
4. Liquidity
management/ FX
/Other
Dec-19
Change %
Listed Portfolio Companies
GHG'
520,332
(199,127)
112,856
(3,982)
BoG¹
457,495
165,190
(24,950)
Total Listed Portfolio Value
977,827
(33,937)
112,856
(28,932)
Listed Portfolio value change %
-3.5%
11.5%
-3.0%
430,079
597,735
-17.3%
30.7%
1,027,814
5.1%
5.1%
Private Portfolio Companies
Late Stage
628,326
157,009
698
(93,287)
692,746
10.3%
Water Utility
431,017
74,953
(22,000)
483,970
12.3%
Housing Development
66,785
35,624
698
(59,254)
43,853
-34.3%
P&C Insurance
130,524
46,432
(12,033)
164,923
26.4%
Early Stage
271,288
(5,098)
173,287
439,477
62.0%
Renewable Energy
61,182
45,618
106,800
74.6%
Hospitality and Commercial RE
149,079
9,918
86,561
245,558
64.7%
Beverages
61,027
(15,016)
41,108
87,119
42.8%
Of which, wine
56,771
(1,098)
16,369
72,042
26.9%
Of which, beer
4,256
(13,918)
24,739
15,077
NMF
Pipeline
Education
Auto Service
Digital Services
Other
5,933
16,397
70,716
93,046
NMF
7,071
49,279
56,350
NMF
(1,326)
17,056
10,027
25,757
NMF
8,790
8,790
NMF
188
(659)
2,620
2,149
NMF
Total Private Portfolio Value
905,547
168,308
244,701
Private Portfolio value change %
18.6%
27.0%
(93,287)
-10.3%
1,225,269
35.3%
35.3%
Total Portfolio Value (1)
1,883,374
134,371
Total Portfolio value change %
7.1%
357,557
19.0%
(122,219)
2,253,083
19.6%
-6.5%
19.6%
Net Debt (2)
(196,915)
(193,482)
(124,781)
72,875
(19,869)
(31,393)
(493,565)
NMF
of which, Cash and liquid funds
299,650
of which, Loans issued
305,480
(188,842)
(4,640)
(124,781)
72,875
(19,869)
of which, Gross Debt
(802,045)
172,856
(148,956)
(55,293)
211,889
-29.3%
151,884
-50.3%
(857,338)
6.9%
Net other assets/ (liabilities) (3)
1,762
(51,219)
49,344
of which, share-based compensation
(14,522)
(14,522)
8,985
14,522
(5,650)
NMF
Net Asset Value (1)+(2)+(3)
1,688,221
NAV growth %
Shares outstanding
Net Asset Value per share
134,371
8.0%
112,856
6.7%
(124,781)
-7.4%
(34,391)
(22,408)
1,753,868
3.9%
0.0%
-2.0%
-1.3%
3.9%
38,089,558
44.32
3.53
NAV per share growth %
NAV per share, Listed portfolio
NAV per share, Private portfolio
8.0%
3,435,438
(0.95)
-2.1%
(4,083,025)
37,441,971
-1.7%
1.43
(0.90)
(0.59)
46.84
5.7%
3.2%
0.0%
-2.0%
-1.3%
5.7%
23.01
21.31
21.07
-8.4%
25.77
20.9%
Page 21
(1) Number of shares owned in GHG and BoG were 93,011,414 (Dec-18: 75,118,503) and 9,784,716 (Dec-18: 9,784,716) as of 31-Dec-19, respectively.View entire presentation