OPEX Ratio Alignment & Portfolio Valuation Overview
NCC RATIO DEVELOPMENT OVERVIEW
■
NCC RATIO DOWN BY 1.2
PPTS TO 27.0% IN 2Q22
NCC AND NCC RATIO DEVELOPMENT OVERVIEW¹
385.8
365.9
345.7
Pro-forma NCC ratio down to 23.5%, reflecting the
anticipated decrease in the guarantees issued as
well as the movements in BoG share price and FX.
42.5%
39.8%
31-Dec-19
INCC ratio
31-Dec-20
Georgia Capital PLC | 1. Reflects the retrospective conversion of the loans issued to our real estate and beverages businesses
into equity. 2. Assuming the application of the 15% NCC ratio target to the total portfolio value as at 30 June 2022.
250.4
249.0
242.1
GEORGIA
CAPITAL
31.9%
28.2%
27.0%
~1402
23.5%
31-Dec-21
31-Mar-22
-Net Capital Commitment (US$ million)
30-Jun-22
Pro-forma
30-Jun-22
15.0%
OVER THE
CYCLE
TARGET
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