Georgia Capital PLC Financial and Operational Report
NCC RATIO DEVELOPMENT OVERVIEW
NCC REPRESENTS AN AGGREGATED
VIEW OF ALL CONFIRMED, AGREED
AND EXPECTED CAPITAL OUTFLOWS
AT THE GCAP HOLDCO LEVEL
NCC AND NCC RATIO DEVELOPMENT OVERVIEW¹
385.8
365.9
345.7
42.5%
We are targeting to reduce the balance of "net
debt and guarantees issued" close to zero over
the short to medium term
39.8%
31.9%
GEORGIA
CAPITAL
248.5
250.1
223.1
207.2
~194.92
-8.5 ppts
24.4%
21.1%
17.4%
15.9%
15.0%
31-Dec-20
31-Dec-21
30-Sep-22
31-Dec-22
30-Jun-23
30-Sep-23
OVER THE
CYCLE
TARGET
-Net Capital Commitment (US$ million)
31-Dec-19
INCC ratio
Georgia Capital PLC | 1. Reflects the retrospective conversion of the loans issued to our real estate and beverages businesses into equity.
2. Assuming the application of the 15% NCC ratio target to the total portfolio value as at 30 September 2023.
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