1Q20 Results Discussion

NAV movements in 1Q20 NAV down 35.2% to GEL 1,137 million during 1Q20 GEL millions unless otherwise noted NAV -21.0% -7.8% -0.3% -0.5% -5.6% -35.2% change % GEL 1,754 (368) (137) (6) (8) (98) GEL 1,137 NAV 31-Dec-19 Value creation on listed assets Value creation on private portfolio Buybacks Operating expenses Liquidity management / FX / Other NAV 31-Mar-20 GEORGIA CAPITAL Page 32

View entire presentation