Portfolio Valuation and Ameriabank Acquisition Update
Private investment
stage portfolio
companies
EXTERNALLY VALUED
&
CLINICS & DIAGNOSTICS BUSINESS OVERVIEW
GEORGIA
CAPITAL
HIGH GROWTH PROSPECTS IN THE CLINICS BUSINESS
Outpatient visits per capita, Georgia
Outpatient encounters per capita
Government Expenses on Primary Care VS GDP
2.4
2.1
1.8
1.9 1.9
4.4
3.6 3.5
3.6 3.7
3.2
3.3
3.1
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Source: NCDC statistical yearbook 2021
MEDIUM TERM OBJECTIVES
7.8
5.8
15%
5.7
3.7
4.0
3.5
1.6
Source: WHO 2021
Clinics
Diagnostics
› Adding new services
>
Expansion of retail
>
Geographic expansion
>
Developing distance
>
channels
› Adding customer base
Attracting B2B clients
>
Digitalisation
Combined financial targets
for Clinics and Diagnostics
for the next 5-years
(2021-2026)
10%
7.6%
6.8%
5%
3.8%
8.2%
12.2%
7.6%
6.8%
0%
MDA RUS
KAZ
TJK ARM
UZB GEO
Source: WHO 2020
DOUBLE DIGIT REVENUE CAGR
EBITDA C.GEL 30+ MILLION
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