1Q23 Performance Overview slide image

1Q23 Performance Overview

LIQUIDITY OUTLOOK LIQUIDITY DEVELOPMENT OVERVIEW (US$ MILLION) GROSS DEBT (US$ million) 300 300 365 365 CASH RECEIPT FROM THE WATER UTILITY BUSINESS SALE CANCELLATION OF US$ 65 MILLION GCAP EUROBOND 88 74 54 234 GEORGIA CAPITAL 300 300 -11.8% 152 135 • . LIQUIDITY DOWN BY 11.8% IN US$ TERMS IN 1Q23, MAINLY REFLECTING: A) GEL 23.9 MILLION COUPON PAYMENT, B) GEL 19.3 MILLION CASH OUTFLOW FOR BUYBACKS, AND C) GEL 17.0 MILLION CAPITAL ALLOCATIONS. THE DECREASE WAS PARTIALLY OFFSET BY REALISED REGULAR AND BUYBACK DIVIDENDS AND INTEREST RECEIPTS OF GEL 30.8 MILLION IN AGGREGATE IN 1Q23. OF US$ 300 MILLION GCAP EUROBONDS, US$ c.80 MILLION IS CURRENTLY HELD IN TREASURY. US$ c.28 million were repurchased in 2023. Dec-19 Dec-20 Dec-21 Jun-22 Dec-22 Mar-23 39
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