Investor Presentaiton
HOSPITALS BUSINESS
OPERATING PERFORMANCE OVERVIEW
REVENUE DEVELOPMENT
+4.2%
HOSPITALS
KEY DRIVERS
1Q23 performance of the business reflects:
the temporary closure of lashvili Hospital
due to the mandatory renovation works
(the works commenced in October 2022
and were completed in March 2023),
the absence of revenues from the
Traumatology Hospital, which was
divested in April 2022,
the suspension of COVID contracts by the
Government in mid-March 2022.
Adjusted for the temporary closure of lashvili
Hospital and the absence of revenues from the
Traumatology Hospital, the 1Q23 revenue was
up by 3.0% y-o-y, while the 1Q23 EBITDA was
up by 13.1% y-o-y.
GEL MILLION
71
1Q21
KEY OPERATING HIGHLIGHTS
Number of admissions ('000)
Georgia Capital PLC | 1. Excluding IFRS 16. 2. Annualised numbers.
314.7
Revenue per bed2
120.9
Bed occupancy rate (%)
61.9%
77
-4.4%
74
1Q22
1Q23
EBITDA¹ DEVELOPMENT
-27.7%
-9.7%
19
15
14
1Q21
1Q22
1Q23
1Q22
VS.
■ 1Q23
262.4
Change y-o-y
-16.6%
117.8
-2.6%
53.9%
-8.0ppts
GEORGIA
CAPITAL
56
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