Georgia Capital PLC (FRA:2IX)
€ 14.4 0.3 (2.13%) Market Cap: 503.02 Mil Enterprise Value: 646.49 Mil PE Ratio: 10.85 PB Ratio: 0.52 GF Score: 26/100
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Half Year 2023 Georgia Capital PLC Earnings Call Transcript

Aug 15, 2023 / 01:00PM GMT
Release Date Price: €10.4 (+0.97%)
Irakli Gilauri
Georgia Capital PLC - Chairman & CEO

(technical difficulty) We issued a new bond, $150 million new bond on the local stock exchange. I will talk about this in more greater detail later on. We nearly retired all of the GEL 300 million GCAP level bonds, which we issued 5 years ago. So I think only $16 million left which will be retiring full in September. So gross leverage has been substantially changed, it halved from $300 million to $150 million. We also bought our minority shareholder in retail pharmacy. According to the agreement, we were going to buy 10% but ended up to buy 20% at the same valuation.

So we went to from 77% in the retail pharmacy to 97.6%. Also, we had a nice development in terms of the NAV per share. We grew more than 8% in the quarter, record high NAV per share at more than GEL 73. Also another good development that our NCC ratio, our key target has decreased by 2.3 percentage points at 17.4% end of the Q2. So we are way ahead on deleveraging promise and nice developments there. And also, we have received substantial amount of dividends in Q2, more than

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