Georgia Capital Portfolio Overview
Capital allocation outlook through 2023
Highly disciplined approach to unlock value through investments
GEORGIA
CAPITAL
Together with the available GEL 556mln liquid funds & short-term loans, we are well-positioned to create long-term shareholder value
GEL millions
GHG
Listed investments
BOG
2018A
2019E²
2020E
2021E
2022E
2023E
Total capital allocation
2019-2023
(4)
(6)
(8)
(11)
(13)
+187 million
(23.9)
(25)
(27)
(29)
(31)
(33)
dividend inflows
+543
million
Private investments
Water Utility
(28.8)
(28)
(32)
(34)
(35)
(36)
Late stage
Housing Development
(9.8)
(10)
(15)
(20)
(25)
(30)
+356 million
(10.0)
P&C Insurance
(12)
(14)
(18)
(22)
(25)
dividend inflows
Private investments
Renewable Energy
5.0
21
80
21
37
(28)
Early stage
Hospitality & Commercial RE
32.9
30
9
(210) million
40.6
25
18
1
(4)
Beverages
Capital deployment
Education
Auto Service
Pipeline
Digital Services
Other
Total¹
(1)
Share buybacks are not included within the capital allocations.
(2)
Includes actual capital allocations in 1H19 and projections for 2H19.
dividend
inflows
(377)
million
Capital
deployment
6.1
60
17
60
52
26
3
11
(2)
(2)
(3)
(167) million
9
2
2
2
2
Capital deployment
1
1
1
1
1
12.1
78
68
(60)
(83)
(169)
166 million
Net capital inflows
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