Value Proposition

• Only Group of its size and scale focused on investing in and developing businesses in Georgia.
• Uniquely positioned given the access to capital in a small frontier economy.
  • c.US$ 500 million raised in equity at LSE.
  • Issued seven eurobonds totalling c.US$ 2.1 billion
  • US$ 3 billion+ raised from IFIs (EBRD, IFC, ADB, AIIB, etc.)

* Figures and statements in this section include the track record of our predecessor company BGEO, prior to the 2018 demerger.

• Highly experienced senior management team, which grew BGEO Group (predecessor company) by c.33 times in asset size between 2005 and 2017.
• Reputation among talented managers as the “best group to work for”.
• Attracted talents have demonstrated a solid track record of successful delivery.
• Proven track record in turning around companies and growing them efficiently.
• Proven track record in monetising investments through cash exits.
• A platform for entrepreneurs to build institutions (entrepreneurship culture):
  • If we do not have the right people, then we do not invest, no matter the attractiveness of the opportunity.

• Strong Board comprised mainly of independent Directors with extensive international experience.
• Outstanding track record in institutionalising businesses and creating independently run/managed institutions.
• Highly experienced management team in each portfolio company with a strong measure of independence.
• Aligned shareholders’ and management’s interests by share compensation.
  • The Executive Director is solely remunerated by way of long-term deferred shares (six-year vesting) and receives no cash compensation.
  • Salaries of the Company’s senior managers are heavily weighted towards deferred share remuneration, and bonuses for senior managers are paid in deferred shares rather than cash.
• High level of transparent reporting.
• Strong ESG practices.