Investor Presentaiton
AGGREGATED LEVERAGE OVERVIEW ACROSS OUR LARGE
AND INVESTMENT STAGE PORTFOLIO COMPANIES
GEORGIA
CAPITAL
ADJUSTED¹ NET DEBT/EBITDA
DEVELOPMENT OVERVIEW
LTM EBITDA up 10.5% as at Mar-23 from Dec-19;
Excluding the minority buyout agreement at
Retail (pharmacy), adjusted net debt of large and
investment stage portfolio companies was down
25.3% as at Mar-23 from Dec-19.
GEL MILLION
3.2x
3.1x
2.8x
2.6x
2.6x
2.6x
2.5x
2.6x
2.7x
2.4x
623
624
603
552
89
528
539
124
131
92
92
93
92
184 598 186 586 197 516 224 534
235 472
238 499
223 535
218 460
206 435
203 447
Dec-19
Jun-20
Dec-20
Jun-21
Dec-212
Mar-222
Jun-222
Sep-222,3 Dec-222
Mar-232
LTM EBITDA
Adjusted Net debt 1
- Adjusted Net debt/EBITDA
Minority buyout agreement at Retail (Pharmacy)
Georgia Capital PLC | General note: Figures for Hospitals, Retail (Pharmacy), Clinics and Diagnostics are given excluding IFRS 16 effects. 1. Adjusted for capital commitments. 2. Includes the application of the minority
buyout agreement in the retail (pharmacy) business. 3. Renewable energy business net debt, excluding US$ 10 million quasi equity.
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