Ratings and Performance Highlights

Operating Indicators 2014 2015 2016 2017 2017 9M 2018 9M
Freight turnover, mln. tones-kilometers 4,988 4,261 3,424 2,963 2,218 1,961
Passenger turnover, mln. passenger-kilometers 550 467 509 597 475 512

Financial Highlights 2014 2015 2016 2017 2017 9M 2018 9M
Revenue mln. Gel 511,570 574,773 439,922 434,534 303,297 314,219
EBITDA 250,030 322,787 281,755 211,851 125,838 136,248
Adjusted EBITDA 251,925 307,828 195,149 181,425 118,048 122,610

Credit Ratings

First issued LT Outlook ST Last issued LT Outlook ST
Standard & Poor's 2010 B+ Stable B 2018 B+ Stable  B
Fitch Ratings 2010 B+ Stable B 2019 BB- Stable B

Standard and Poor`s Fitch
Date LT Outlook ST Date LT Outlook ST
Sep-18 B+ Stable B Mar-19 BB- Stable B
Sep-17 B+ Negative B Nov-18 B+ Positive B
Sep-16 B+ Stable B Jan-17 B+ Stable B
Mar-12 BB- Stable B Sep-16 BB- Negative B
Jun-10 B+ Stable B Dec-14 BB- Stable B
Nov-13 BB- Negative B
Dec-11 BB- Stable B
Mar-11 B+ Positive B
May-10 B+ Stable B