Georgia Capital PLC 3Q20 and 9M20 Results
-
NAV per share up 19.5% in 3Q20
- The first time valuation of GHG as a wholly owned private company, performed by an independent valuation company, contributed growth of 36% in NAV per share
- NAV per share was negatively impacted by valuation of our listed asset and FX loss on GCAP net debt
- Solid 3Q20 results across our portfolio, with aggregated revenues growing 4.7% y-o-y in 3Q20 (up 6.9% y-o-y in 9M20)
- Outstanding growth in aggregated net operating cash flow generation, up 125.1% in 3Q20 and up 106.2% in 9M20
-
GEL 10m dividends collected from private businesses in 3Q20 (Water Utility - GEL 5m;
P&C Insurance – GEL 5m) -
Aggregated cash balances of portfolio companies almost doubled in 9M20 to GEL 361m at
30-Sep-20 (GEL 282m at30-Jun-20 and GEL 183m at 31-Dec-19) -
GCAP liquidity remained high at GEL 267m, down only 4.6% in 3Q20 notwithstanding
US$ 9m coupon payment
The results announcement together with the supplementary financial information (Excel file) is available on the Group’s website at https://georgiacapital.ge/ir/financial-results. Additionally, the members of
Management Commentary
“Against the challenging economic backdrop created by COVID-19, Georgia Capital’s performance during the third quarter of 2020 has been robust. This performance reflects the high level of resilience of our private portfolio companies and continued delivery on our strategic priorities.”
This announcement contains forward-looking statements, including, but not limited to, statements concerning expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position and future operations and development. Although
View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005267/en/
Chairman and Chief Executive
ir@gcap.ge
Giorgi Alpaidze
Chief Financial Officer
+995 322 005 000
ir@gcap.ge
Head of Investor Relations
+995 322 005 045
ir@gcap.ge
Source:
Irakli Gilauri
Chairman and Chief Executive
ir@gcap.ge
Giorgi Alpaidze
Chief Financial Officer
+995 322 005 000
ir@gcap.ge
Nino Rekhviashvili
Head of Investor Relations
+995 322 005 045
ir@gcap.ge