OPEX Ratio Alignment & Portfolio Valuation Overview
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HOSPITALS BUSINESS
OPERATING PERFORMANCE OVERVIEW
HOSPITALS
KEY DRIVERS
2022 and 1H22 performance of the business
reflects the suspension of COVID contracts
by the Government in 1Q22 and the
subsequent restructuring of the cost base of
COVID facilities. The growth is expected to
rebound over the next few quarters as the
business completes the transition.
In April 2022, the hospitals business sold
100% equity interest in Traumatology
Hospital, for US$ 2.9 million. The divestment
improves the hospitals business' ROIC by 20
bps.
GEL MILLION
REVENUE DEVELOPMENT
+55.9%
-10.6%
107
81
72
+40.3%
-1.4%
152
150
+118.6%
EBITDA¹ DEVELOPMENT
-33.3%
GEORGIA
CAPITAL
+51.1%
-26.8%
39
29
47
19
20
13
6
2Q20
2Q21
2Q22
1H20
1H21
1H22
2Q20
2Q21
2Q22
1H20
1H21
1H22
KEY OPERATING HIGHLIGHTS
Number of admissions ('000)
Revenue per bed2
2Q21
VS.
▪ 2Q22
314.9
301.7
Change y-o-y
-4.2%
1H21
VS.
■ 1H22
Change y-o-y
550.0
616.4 +12.1%
126.2
116.6 -7.6%
117.9
118.8 +0.7%
Bed occupancy rate (%)
66.2%
57.9% -8.3ppts
62.0%
59.9%
-2.1ppts
58
Georgia Capital PLC | General note: All figures are presented excluding Medical Centre University Clinic (HTMC). 1. Excluding IFRS 16. 2. Annualized numbers.View entire presentation