Investor Presentaiton
Capital allocations | FY19
GEORGIA
CAPITAL
GEL millions
Investments
Buybacks
Dividends Total¹
BOG
(25)
(25)
Listed portfolio
Private late stage
portfolio
GHG
Water Utility
Housing Development
P&C Insurance
Investment highlights
➤ GHG: Acquisition of 13.6% holding in GHG as part of Share Exchange Facility
➤ Renewable Energy: Acquisition of Hydrolea HPPs and Qartli WPPS
113
(4)
109
(22)
(22)
(59)
(59)
➤ Hospitality & Commercial RE: GEL 37.3 million cash capital for development
of pipeline hotels and GEL 49.3 million finished commercial properties
➤ Wine business: Acquisition of Alaverdi winery
(12)
(12)
➤ Beer business: Acquisition of prominent beverages brand Kazbegi and
working capital financing.
Renewable Energy
Hospitality & Commercial RE
Private early stage
portfolio
Beverages
41
Of which, wine
46
46
46
87
87
➤ Education: Investment in high quality partnerships with three top schools
with excellent management teams: BGA, Buckswood and Green school
➤ Auto Service: Acquisition of Amboli and launch of PTI business
41
➤ Digital Services: Acquisition of Redberry
16
16
Of which, beer
25
25
Buyback highlights
Education
49
49
Auto Service
10
10
➤ 3.5 million shares were bought back for total cash consideration of GEL 125
million (US$ 43.8 million), of which:
Pipeline portfolio
Digital Services
9
9
o 2.1 million shares were bought under the US$ 45 million share buyback
programme
Other
2
2
o 1.4 million shares for the management trust.
Buybacks
GCAP
125
125
o 2.7 million shares were cancelled and 0.7 shares were transferred to
management trust
Total
358
125
(122)
360
(1) In line with our new strategic priority to raise third part money through upcoming funds, we are assessing future capital allocations and expect to provide capital allocation outlook in due course.
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