Georgia Capital Shareholder and Market Opportunity Overview
Private large
portfolio companies
EXTERNALLY VALUED
WATER UTILITY BUSINESS OVERVIEW (CONT'D)
1Q21 OPERATING HIGHLIGHTS
REVENUE HIGHLIGHTS
Energy
4.1 million KWh
9.9 Tetri/KWh
-70.3% y-o-y
-24.8% y-o-y
Electricity sales
42.7 GWh
+1.9% y-o-y
Average electricity sales price
GEL million
Total
123 119 127 135 149
163 131
31
38
20
9
10
6
10
9
6
+22.2%
140
143
117
110
117
125
125
0.4
0.5
46.7 GWh
31
38
-15.8% y-o-y
2014
2015
2016
2017
2018
2019
2020
1Q20 1Q21
Self-produced electricity
Electricity generation
consumption
Water Utility
34.7 million m3
791
-15.8% y-o-y
-8.8% y-0-y
Water sales
New Connections
Water supply revenue ■Energy revenue
OPERATING AND INVESTING CASH FLOW
FCF 7 17 (2) (58) (66)
GEL million
17
4
6
(1)
125
105
76
55
48
59 60
52
47
5256
35
34 32
18
12
10 8
2014
2015
2016
2017
2018
2019
2020 1Q20 1Q21
Cash-flow used in investing activities ■Cash-flow from operating activities 2
Georgia Capital PLC 1. Cash flow used in investing activities includes Capital expenditures. 2. Cash flow used in operating activities included Maintenance capex.
GEL million
EBITDA
2014-2019: +72%
95
83
73
69
62
55
GEORGIA
CAPITAL
+32.4%
63
15
20
20
2014 2015 2016 2017 2018 2019 2020 1Q20 1Q21
SELF-PRODUCED ELECTRICITY CONSUMPTION
kWh million
2014-2020: -43.3%
319
309
256 239
+ 1.9%
193
174
175
2014
2015
2016
2017
42
43
2018 2019 2020 1Q20 1Q21
58View entire presentation