P&C Insurance and Beverages Business Financial Overview
Our portfolio at a glance
GEORGIA
CAPITAL
Management platform
Public portfolio
- GEL 1,028mln¹
Private portfolio - GEL 1,225mln¹
Late Stage - GEL 693min¹
GEORGIA
HEALTHCARE
GROUP
Georgia
Healthcare Group
70.6%
GEL 430mln²
Water
Utility
100%
GEL 484mln
Valued: LSE
Valued: 8.8x LTM EV/EBITDA
BANK OF GEORGIA
Early Stage - GEL 439min¹
Bank of Georgia
19.9%4
GEL 598mln²
1. As of 31 December 2019.
2. GCAP share
Valued: LSE
Renewable
Energy
100%5
GEL 107mln²
Valued: at acquisition
price
Housing
Development
P&C
Insurance
100%
GEL 44mln
100%
GEL 165mln
Valued: DCF
Valued: 9.0x LTM P/E
GEORGIA
CAPITAL
Pipeline - GEL 93mln 1.3 H
Third-party
managed capital
Education
GEL 56mln
Valued: at acquisition price
Hospitality &
Commercial
Beverages
100%
GEL 246mln
Valued: NAV
87%
GEL 87mln²
Valued: 10.0x LTM EV/EBITDA
(wine); 2.2x LTM EV/Sales (beer);
Auto Service
GEL 26mln
Valued: 10.4x EV/EBITDA (PTI)
At acquisition price (Amboli)
Digital Services
GEL 9mln
Valued: at acquisition price
Upcoming funds
➤ Targeting to raise
c. US$ 200 million
3. Total pipeline portfolio includes other pipeline projects with GEL 2 million value.
4. As long as Georgia Capital's stake is greater than 9.9%, it will exercise its voting rights in accordance with the votes cast by all other shareholders on all shareholder votes at any general meeting.
5. Following the buyout of the 34.4% minority shareholder in GRPC on 25 February 2020, Renewable Energy consists of wholly-owned hydro and wind power plants with 91MW installed capacity in aggregate.
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