Full Year 2019 Georgia Capital PLC Earnings Call Transcript

Feb 27, 2020 / 01:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by and welcome to the second half and full year 2019 analyst investor call. (Operator Instructions)

I must advise you that your conference is being recorded today on Thursday, the 27th of February 2020.

I would now like to hand the conference over to your speaker today, Irakli Gilauri. Please go ahead, sir.

Irakli Gilauri - Georgia Capital PLC - Chairman & CEO

Thank you for introduction. Thank you, everybody, for joining the call for us to talk about our full year results. Let me break down for today's agenda basically. I will talk about the macro development in Georgia, GCAP performance in terms of the NAV and also I'll talk about the capital allocations. Giorgi will talk about -- our CFO, Giorgi Alpaidze, will talk about the performance of our portfolio of companies and the valuations, we were -- how we do it. And then I will do a wrap-up. After that, we'll go to the Q&A session.

Let me start with the macro overview. Good news 2019 was good growth of 5.2% GDP growth which was

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