Investor Presentaiton

GEORGIA CAPITAL 4Q20 & FY20 PERFORMANCE OVERVIEW GEORGIA CAPITAL Income statement GEL '000, unless otherwise noted 4Q20 4Q19 Change FY20 FY19 Change Dividend income Interest income 14,972 35,943 -58.3% 29,870 122,219 -75.6% 4,307 7,647 -43.7% 20,957 39,044 -46.3% Realised/unrealised (loss)/ gain on liquid funds 1,119 3,596 -68.9% (2,984) 9,547 NMF Interest expense (16,537) (14,610) 13.2% (62,478) (55,071) 13.4% Gross operating (loss)/income 3,861 32,576 -88.1% (14,635) 115,739 NMF Operating expenses (9,109) (9,032) 0.9% (32,136) (34,391) -6.6% GCAP net operating (loss)/income (5,248) 23,544 NMF (46,771) 81,348 NMF Fair value changes of portfolio companies Listed portfolio companies 171,458 (105,463) NMF (261,524) (62,869) NMF Of which, Georgia Healthcare Group PLC (228,422) NMF (195,347) (203,109) -3.8% Of which, Bank of Georgia Group PLC 171,458 122,959 39.4% (66,177) 140,240 NMF Private portfolio companies 323,699 (5,412) NMF 711,139 75,021 NMF Large Portfolio Companies 312,198 (4,555) NMF 834,602 87,352 NMF Of which, Healthcare Services 98,156 NMF 393,797 NMF Of which, Retail (pharmacy) 77,745 NMF 374,322 NMF Of which, Water Utility 58,614 (9,649) NMF (14,567) 52,953 NMF Of which, Insurance (P&C and Medical) 77,683 5,094 NMF 81,050 34,399 NMF Investment Stage Portfolio Companies 20,481 NMF 93,803 NMF Of which, Renewable energy 8,185 NMF 57,242 NMF Of which, Education 12,296 NMF 36,561 NMF Other businesses (8,980) (857) NMF (217,266) (12,331) NMF Total investment return 495,157 (110,875) NMF 449,615 12,152 NMF (Loss)/Income before foreign exchange 489,909 (87,331) NMF 402,844 93,500 NMF movements and non-recurring expenses Net foreign currency loss Non-recurring expenses (14,421) (166) 18,280 (982) NMF -83.1% (90,943) (3,389) (20,967) NMF (982) NMF Net Income/(loss) (adjusted IFRS) 475,322 (70,033) NMF 308,512 71,551 NMF 90 90

View entire presentation