Investor Presentaiton slide image

Investor Presentaiton

m² - affordable housing track record Operating/Financial data for completed and on-going projects at 31 March 2018 Number of # Project name Number of apartments apartments sold Number of apartments sold as % of total Number of apartments available for sale Start date (construction) Actual/ Planned Completion date (construction) Construction progress Total Sales (US$ min) Recognised as revenue (US$ mln) Deferred revenue (US$ mln) Deferred GEORGIA CAPITAL revenue expected to be Land value Realised & recognised as unlocked (US$) Expected IRR revenue in 2018 Completed projects 1,691 1,680 99.3% 11 145.5 145.4 19.5 1 Chubinashvili Street 123 123 100.0% Sep-10 Aug-12 100% 9.9 9.9 0.9 47% 2 Tamarashvili Street 525 525 100.0% May-12 Jun-14 100% 48.9 48.9 5.4 46% 3 Kazbegi Street 295 295 100.0% Dec-13 Feb-16 100% 27.2 27.2 3.6 165% 4 Nutsubidze Street 221 221 100.0% Dec-13 Sep-15 100% 17.4 17.4 2.2 58% 5 Tamarashvili Street II 270 266 98.5% 4 Jul-14 Jun-16 100% 24.3 24.3 2.7 71% 6 Moscow Avenue 238 238 100.0% Sep-14 Jun-16 100% 12.3 12.3 1.6 31% 7 Skyline 19 12 63.2% 7 Dec-15 Dec-17 100% 5.4. 5.4 3.1 329% On-going projects 1,202 1,049 87.3% 153 84.6 62.3 22.3 21.9 14.2 8 Kartozia Street 801 738 92.1% 63 Nov-15 Oct-18 84% 51.9 41 10.9 10.9 5.8 60% 9 Kazbegi Street II 303 223 73.6% 80 Jun-16 Nov-18 52% 19.5 12.5 7 7 4.3 51% 10 50 Chavchavadze Ave. 82 74 90.2% 8 Oct-16 Oct-18 84% 9.7 7.3 2.4 2.4 3.3 75% = 11 Melikishvili ave. 16 14 87.5% 2 Sep-17 May-19 11% 3.5 1.5 2 1.6 0.8 101% Total 2,893 2,729 94.3% 164 230.1 207.7 22.3 22 33.7 Page 33
View entire presentation