Investor Presentaiton
GEORGIA CAPITAL 2021 & 1H21 PERFORMANCE OVERVIEW
GEORGIA
CAPITAL
Income statement
GEL '000, unless otherwise noted
2Q21
2Q20
Change
1H21
1H20
Change
Dividend income
9,691
NMF
14,430
4,927
Interest income
6,120
5,660
8.1%
10,617
11,816
NMF
-10.1%
Realised/unrealised (loss)/ gain on liquid funds
1,687
(638)
NMF
1516
(4,577)
NMF
Interest expense
(20,302)
(15,530)
30.7%
(37,520)
(30,180)
24.3%
Gross operating (loss)/income
(2,804)
(10,508)
-73.3%
(10,957)
(18,014)
-39.2%
Operating expenses
(9,225)
GCAP net operating (loss)/income
(12,029)
(6,570)
(17,078)
40.4%
-29.6%
(18,096)
(14,580)
24.1%
(29,053)
(32,594)
-10.9%
Fair value changes of portfolio companies
Listed portfolio companies
70,288
70,002
0.4%
43,836
(297,745)
NMF
Of which, Georgia Healthcare Group PLC
40,212
NMF
(94,412)
NMF
Of which, Bank of Georgia Group PLC
70,288
29,790
NMF
43,836
(203,333)
NMF
Private portfolio companies
251,933
(48,340)
NMF
282,183
(189,918)
NMF
Large Portfolio Companies
213,817
10,110
NMF
225,131
(65,616)
NMF
Of which, Healthcare Services
80,737
NMF
114,165
NMF
Of which, Retail (pharmacy)
44,816
NMF
27,657
NMF
Of which, Water Utility
91,100
5,840
NMF
76,097
(46,064)
NMF
Of which, Insurance (P&C and Medical)
(2,836)
4,270
NMF
7,212
(19,552)
NMF
Investment Stage Portfolio Companies
32,515
57,067
-43.0%
30,839
57,067
-46.0%
Of which, Renewable energy
13,072
32,720
-60.0%
7,632
32,720
-76.7%
Of which, Education
19,443
24,347
-20.1%
23,207
24,347
-4.7%
Other businesses
5,601
(115,517)
NMF
Total investment return
322,221
21,662
NMF
26,213
326,019
(181,369)
(487,663)
NMF
NMF
(Loss)/Income before foreign exchange
310,192
4,584
NMF
movements and non-recurring expenses
Net foreign currency loss
57,988
50,781
14.2%
Non-recurring expenses
(41)
(3,222)
-98.7%
Net Income/(loss) (adjusted IFRS)
368,139
52,143
NMF
296,966
26,547
(218)
323,295
(520,257)
NMF
(41,361)
NMF
(3,222)
-93.2%
(564,840)
NMF
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