Portfolio Overview & Capital Allocation
NAV STATEMENT | FY20
GEL '000, unless otherwise noted
Listed Portfolio Companies
Georgia Healthcare Group (GHG)
Bank of Georgia (BOG)1
Total Listed Portfolio Value
31-Dec-19
1. Value
creation
2a.
Investment
2b.
Buyback
2c. Dividend
2d. GHG
delisting
3.Operating 4. Liquidity/
31-Dec-20
expenses
FX/Other
Change
%
430,079
(195,347)
138,265
(372,997)
597,735
(66,177)
1,027,814
(261,524)
138,265
Listed Portfolio value change %
-25.4%
13.5%
0.0%
0.0%
(372,997)
-36.3%
0.0%
0.0%
531,558
531,558
-48.3%
-100.0%
-11.1%
-48.3%
Private Portfolio Companies
Large Portfolio Companies
648,893
859,545
(24,943)
372,997
1,745
1,858,237
NMF
Healthcare Services
Retail (Pharmacy)
Water Utility
Insurance (P&C and Medical)
Of which, P&C Insurance
393,797
177,859
571,656
0.0%
374,322
178,423
552,745
0.0%
483,970
433
(15,000)
1,745
471,148
-2.6%
164,923
90,993
(9,943)
16,715
262,688
59.3%
164,923
42,826
(9,943)
197,806
19.9%
Of which, Medical Insurance
48,167
16,715
64,882
0.0%
Investment Stage Portfolio Companies
163,150
98,730
44,501
(4,927)
1,510
302,964
85.7%
Renewable Energy
106,800
62,169
44,350
(4,927)
1,510
209,902
96.5%
Education
56,350
36,561
151
93,062
65.1%
Other Portfolio Companies
413,226
(217,266)
11,899
7,070
214,929
-48.0%
Total Private Portfolio Value
1,225,269
Private Portfolio value change %
741,009
60.5%
56,400
(29,870)
372,997
10,325
2,376,130
93.9%
4.6%
0.0%
-2.4%
30.4%
0.0%
0.8%
93.9%
Total Portfolio Value (1)
2,253,083
Total Portfolio value change %
479,485
21.3%
194,665
8.6%
0.0%
(29,870)
-1.3%
0.0%
0.0%
10,325
0.5%
2,907,688
29.1%
29.1%
Net Debt (2)
(493,565)
of which, Cash and liquid funds
211,889
(57,684)
(57,684)
(6,033)
(6,033)
29,870
29,870
(19,455)
(19,455)
of which, Loans issued
151,884
of which, Gross Debt
(857,338)
Net other assets/ (liabilities) (3)
(5,650)
1,284
of which, share-based compensation
(12,681)
(12,681)
(151,132)
16,702
(42,901)
(124,933)
19,650
12,681
(697,999)
41.4%
175,289
-17.3%
108,983
-28.2%
(982,271)
14.6%
2,603
NMF
0.0%
Net Asset Value (1)+(2)+(3)
1,753,868
NAV change %
Shares outstanding
479,485
27.3%
138,265
7.9%
(6,033)
-0.3%
0.0%
0.0%
(32,136)
-1.8%
(121,157)
-6.9%
2,212,292
26.1%
26.1%
Net Asset Value per share, GEL
NAV per share, GEL change %
37,441,971
46.84
12.81
27.3%
7,734,010
(4.96)
(173,076)
0.06
0.00
0.00
(0.86)
974,342
(5.78)
45,977,247
22.8%
48.12
2.7%
-10.6%
0.1%
0.0%
0.0%
-1.8%
-12.3%
2.7%
Georgia Capital PLC | 1) Number of shares owned in BOG was 9,784,716 as of 31 December 2020.
GEORGIA
CAPITAL
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