Investor Presentaiton
OPERATING PERFORMANCE DEVELOPMENT
ACROSS PRIVATE LARGE PORTFOLIO COMPANIES (CONT'D)
0
WATER UTILITY
REVENUE DEVELOPMENT
+27.6%
+54.0%
152
14
EBITDA DEVELOPMENT
KEY DRIVERS
Water supply revenue up 54.9% y-o-
y, reflecting revised water utility
tariffs¹ effective from January 2021,
and increased water consumption
levels by corporate clients (up 5.5%
y-o-y)
Improved water inflows in Zhinvali
reservoir led to 29.0% y-o-y growth
in 3Q21 electricity generation,
translating into 108.9% increase in
revenues from electricity sales
GEL MILLION
45
38
6
2
+34.6%
119
15
+58.2%
99
99
60
60
5
2.9x
+47.5%
+94.6%
68
40
50
50
+42.6%
+91.9%
27
22
+46.9%
21
21
38
36
55
105
94
138
3Q19
3Q20
3Q21
9M19
9M20
9M21
3Q19
3Q20
3Q21
9M19
9M20
9M21
Water supply revenue
Energy revenue
- Total revenue
Georgia Capital PLC | 1. The tariff increase translates into an annual growth of 38% in allowed water revenue for the entire water utility
business (c.38% for Georgian Water and Power LLC (GWP)) in the three-year regulatory period effective from 1 January 2021.
39
GEORGIA
CAPITAL
97
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