Financials

Overview of three quarters  2012 (3Q)


Revenue Change (3Q 2012) - 2.1%

Adjusted EBITDA Change (3Q 2012) - 3.1%

Adjusted EBITDA margin (3Q 2012) 54.6%


Management Discussion and Analysis


Company's operating data (FY 2012)

Quantity of transported cargo according to the state controlled cargo operations (Mil. T)

Transportation dynamic of main cargo's (t.)

The Volume of Cargo Carried Out by Refrigerators (t.)

The Volume of Containers Transportation (TEU)


Financial Statements


Credit Rating: “BB-/Stable/B” - Fitchratings; “BB-/Stable/B” – Standard&Poors

Full Analysis – Georgian Railway JSC (BB-/Stable/B) – Standard & Poor’s – May 2012

Fitch Upgrades Georgian Railway 'BB-', Stable Outlook – December 2011

Fitch Affirms Georgian Railway at B+, Outlook Positive - June 2011

Outlook revised from “Stable” to “Positive” – Fitch Ratings – March 2011

Full Rating Report - Fitch Ratings - July 2010

Full Analysis – Georgian Railway – Standard & Poor’s – September 2010

Hyperlink


In July 2012, Georgian Railway JSC bought back 88.99% of existing US$ 250m Eurobonds through a tender and issued new US$ 500m Eurobonds with a 7.75& coupon, payable semiannually. Goldman Sachs International, J.P. Morgan Securities Ltd and Merrill Lynch International acted as a Joint Lead Managers of the transaction. The Bonds have been admitted for trading on London Stock Exchange.


Eurobonds Prospectus

Bond performance:


 
 
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