Prism Johnson Limited · NSE:PRSMJOHNSN
Prism Johnson — Q1 FY25 Earnings Presentation
39 slides from Prism Johnson's earnings presentation, August 2024
Slide 1: Q1 FY25 Investor Presentation
www.prismjohnson.in Amongst India’s Leading Integrated Building Materials Companies Q1 FY25 INVESTOR PRESENTATION August 2024 Q1 FY25 INVESTOR PRESENTATION AUGUST 2024
Slide 2: Prism Johnson: An Integrated Building Materials Company
Prism Johnson: An Integrated Building Materials Company www.prismjohnson.in CAPACITY PRODUCTS PRESENCE 5.6 MTPA at Satna, Madhya o Ordinary Portland Cement Pradesh; Supply agreements Regional presence catering o Portland Pozzalana Cement to Eastern & Central Uttar with several grinding units for (PP
Slide 3: Prism Johnson: Vision & Values
Prism Johnson: Vision & Values www.prismjohnson.in Vision Values Creating sustainable value 1: One Team by meeting the T: Transparency construction and lifestyle 1 TASC needs of our customers A: Accountability through innovative building materials and S: Speed services C: Changing with Time Q1 FY25
Slide 4: Prism Johnson: Our Presence
Prism Johnson: Our Presence www.prismjohnson.in 2 Cement Plants, 1 Location, 5.6 MTPA 11 Tiles Plants, ~67 mn m2 2 Faucet Plants, 3.6 mn pcs 21 Experience Centres (HRJ) 108 RMC Plants*, 12.7 mn m3 This map is a generalized illustration only for the ease of the reader to understand the locations, and
Slide 5: Prism Johnson: Our Journey
Prism Johnson: Our Journey www.prismjohnson.in 2020 2021 2022 2023 Commissioned 10.0 MW of Received NCLT approval for the Launched Prism Champion All New tiles manufacturing plant at WHRS and 5.0 MW of solar Composite Scheme of Arrangement Weather Cement – Premium Panagarh, West Bengal with a capaci
Slide 6: Consolidated (Ex. RQBE) Q1 FY25 Financial Performance Snapshot (1/2)
Consolidated (Ex. RQBE) Q1 FY25 Financial Performance Snapshot (1/2) www.prismjohnson.in Revenue (₹ Crores) Q1 FY25 Revenue Mix 2,000 1,825 Q1 FY25 revenue declined Prism Prism by 8.7% YoY mainly due to RMC, Cement, 1,675 1,675 1,666 Prism Cement constituted lower revenue across all 21.2% 46.4% 46.4
Slide 7: Consolidated (Ex. RQBE) Q1 FY25 Financial Performance Snapshot (2/2)
Consolidated (Ex. RQBE) Q1 FY25 Financial Performance Snapshot (2/2) www.prismjohnson.in Working Capital (Days) Free Cash Flows (₹ Crores) 371 29 29 Increase in Working 27 Capital Days is largely 17 17 attributable to decline in Free Cash Flow (FCF) Creditor Days from 60 76 (pre-capex and days in Q1
Slide 8: Segment Wise Q1 FY25 Update
Segment Wise Q1 FY25 Update www.prismjohnson.in EBITDA & EBITDA SALES VOLUME REVENUE MARGIN Cement & clinker sales volume Prism Cement’s Q1 FY25 revenue EBITDA declined marginally from declined by 4.9% YoY to 1.66 declined 15.1% YoY from ₹ 911 ₹ 673 per ton in Q1 FY24 to ₹ 654 million tons in Q1 FY2
Slide 9: Prism Cement: Prominent Cement Player in the Satna Cluster
Prism Cement: Prominent Cement Player in the Satna Cluster www.prismjohnson.in Capacity Product Mix Prominent cement company in the Satna cluster with an Superior product mix; Share of premium products installed cement capacity of 5.6 MTPA; Supply (Champion Plus, Duratech and Champion All Weather) i
Slide 10: Prism Cement: Plant at Satna
Prism Cement: Plant at Satna www.prismjohnson.in Prism Cement’s Plant at Satna, Madhya Pradesh Q1 FY25 INVESTOR PRESENTATION AUGUST 2024 10
Slide 11: Prism Cement: Key Brands
Prism Cement: Key Brands www.prismjohnson.in Champion Champion Plus A premium product, known for its high Excellent durability that provides long- strength, high performance and term strength & gain, and is suitable for consistent quality; Helps in making the any type of structural application; Wide
Slide 12: Prism Cement: Share of Premium Products Continues to Rise
Prism Cement: Share of Premium Products Continues to Rise www.prismjohnson.in Cement & Clinker Sales Volume (mn tons) Premium Products % 1.89 40% 1.74 1.66 1.45 1.49 34% 35% 33% 33% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY24 FY25 Q1 FY25 Regional Sales Breakup Q1 FY25 Sales: Trade vs. Non-Trade 22.8% 26
Slide 13: Prism Cement: Sharp Improvement in EBITDA Per Ton (vs. Q4 FY24)
Prism Cement: Sharp Improvement in EBITDA Per Ton (vs. Q4 FY24) www.prismjohnson.in EBITDA per ton (₹) Cost per ton (₹) 4,812 787 4,552 673 654 4,495 4,240 364 4,012 300 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY24 FY25 Q1 Q4 Q1 % ➢ Cement revenue declined by 15.1% YoY to ₹ 773 Crores in Cost per ton (₹)
Slide 14: HRJ: Amongst the Leading Tiles & Bath Fittings Companies in India
HRJ: Amongst the Leading Tiles & Bath Fittings Companies in India www.prismjohnson.in Strong Brand & Wide Product Range Strong brand with a long-standing history of tile manufacturing in India, operating since 1958; Wide product range: Tiles, Sanitary-ware & Bath-fittings, Quartz & Engineered Marble
Slide 15: HRJ: Wide Product Range with an Innovation Focus
HRJ: Wide Product Range with an Innovation Focus www.prismjohnson.in Innovations That Differentiate HRJ Germ Free Sanitaryware NOT JUST A BATHROOM BUT YOUR GERM FREE COMFORT ZONE. PRESENTING GERM FREE SANITARYWARE FROM JOHNSON. Cool Roof SRI (Solar Reflective Tiles) Tac Tiles High Mechanical Skid Re
Slide 16: HRJ: Key Brands
HRJ: Key Brands www.prismjohnson.in Q1 FY25 INVESTOR PRESENTATION AUGUST 2024 16
Slide 17: HRJ: Operates 21 Experience Centres Across India
HRJ: Operates 21 Experience Centres Across India www.prismjohnson.in List of Experience Centres Experience Centre at Hyderabad City State 1 Ahmedabad Gujarat 2 Bengaluru Karnataka 3 Bhubaneshwar Odisha 4 Calicut Kerala 5 Chandigarh Chandigarh 6 Chennai Tamil Nadu 7 Coimbatore Tamil Nadu 8 Delhi Delh
Slide 18: HRJ: Q1 FY25 Performance Summary (Consolidated)
HRJ: Q1 FY25 Performance Summary (Consolidated) www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) & EBITDA Margin (%) 7.2% 6.1% 5.0% 4.5% 3.3% 699 581 557 548 539 43 42 28 25 18 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY24 FY25 Tile Sales Volume (million m2) ➢ Q1 FY25 revenue declined by 1.7% YoY,
Slide 19: RMC: Amongst the Leading RMC Players with a Pan-India Presence
Prism RMC: Amongst the Leading RMC Players with a Pan-India Presence www.prismjohnson.in Pan India Presence Commercial Concrete Amongst top three players in the RMC sector with pan Core business catering to the India presence: 108 plants* at 49 cities / towns; Two concrete requirements of technical
Slide 20: Prism RMC: Prismatic Product Range
Prism RMC: Prismatic Product Range www.prismjohnson.in Q1 FY25 INVESTOR PRESENTATION AUGUST 2024 20
Slide 21: Prism RMC: Financial Performance Summary
Prism RMC: Financial Performance Summary www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) 36.2 28.3 5.9 2.0 394 370 366 353 342 (5.0) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY24 FY25 EBITDA Margin (%) ➢ Revenue declined by 3.5% YoY from ₹ 366 Crores in Q1 FY24 to ₹ 353 Crores. Ready-mixed concret
Slide 22: Raheja QBE General Insurance (RQBE): Performance Summary
Raheja QBE General Insurance (RQBE): Performance Summary www.prismjohnson.in Gross Written Premium (₹ Crores) AUM (₹ Crores) 894 884 148 804 803 782 118 76 54 38 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY24 FY25 RQBE added 25 new partners during Q1 FY25 taking the count of total partners to 3,556 includin
Slide 23: Management Driving Several ESG Initiatives
Management Driving Several ESG Initiatives www.prismjohnson.in Environment CSR Initiatives Health & Safety ➢ Prism Cement’s Emissions Intensity at 637 ➢ Road development work at Sijhata ➢ Provided around 70 on-site safety kg CO2 per ton of cementitious material village trainings to around 2,000 part
Slide 24: CSR Activities Categorised into Large Focus Areas
CSR Activities Categorised into 7 Large Focus Areas www.prismjohnson.in Health & Hygiene Environment & Water Conservation Empowerment & Skill Development Social Welfare Rural Infrastructure Development Promotion of Education Providing Potable Drinking Water Q1 FY25 INVESTOR PRESENTATION AUGUST 2024
Slide 25: Glimpses of CSR Initiatives During Q1 FY25
Glimpses of CSR Initiatives During Q1 FY25 www.prismjohnson.in De-silting of 145-meter waterways channel at Bamhauri Survival of existing plantations at Forest Land Khamriya Distribution of drinking water through tanker in villages Ayushman Health Card Formation Camp in villages Q1 FY25 INVESTOR PRE
Slide 26: Sustainability Report 2023-24: Concrete Steps to a Sustainable Future
Sustainability Report 2023-24: Concrete Steps to a Sustainable Future www.prismjohnson.in Prism Johnson’s Sustainability Report The Company’s fifth Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) standards. Further, the Company’s strategy is aligned w
Slide 27: Awards & Recognition in Q1 FY25
Awards & Recognition in Q1 FY25 www.prismjohnson.in Prism Cement Prism Cement received the Golden received the Peacock Award for PCWR Award by Energy Efficiency for Greentech the year 2024 in Foundation Cement Sector Prism Cement received Prism Cement Appreciation Award for Best received the Energy
Slide 28: Prism Johnson: At an Inflection Point
Prism Johnson: At an Inflection Point www.prismjohnson.in FY10 to FY11 FY11 to FY14 FY18 to FY24 FY25 & Beyond Years of Years of Years of At an Profitable Growth Challenges Consolidation Inflection Point Dynamic fuel mix (coal Cost competitive vs. pet-coke), use of structure in terms of Blending sil
Slide 29: Management Target to Achieve Past Peak Performance in the Medium Term
Prism Johnson: Management Target to Achieve Past Peak Performance in the Medium Term www.prismjohnson.in Prism Cement EBITDA / Ton (₹) 1,229 834 889 962 619 709 654 501 567 445 523 339 410 372 249 173 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Q1 FY25 HRJ Consolidated
Slide 30: Prism Johnson: Division Wise Quarterly Financial Performance
Q1 FY24 117 Q1 FY24 911 Q2 FY24 53 Q2 FY24 753 AUGUST 2024 Q3 FY24 118 Q3 FY24 748 Q1 FY25 INVESTOR PRESENTATION EBITDA (₹ Crores) Prism Cement Prism Cement Q4 FY24 58 Q4 FY24 907 Revenue (₹ Crores) Q1 FY25 108 Q1 FY25 773 Q1 FY24 28 Q1 FY24 548 Q2 FY24 42 Q2 FY24 581 Q3 FY24 25 Q3 FY24 557 HRJ HRJ
Slide 31: Five Year Financial Performance Snapshot: Strengthening Balance Sheet
Five Year Financial Performance Snapshot: Strengthening Balance Sheet www.prismjohnson.in Consolidated (Ex. RQBE) Working Capital (Days) Operating Free Cash Flows (₹ Crores) 63 70 930 51^ 51^ 51^ 50 42 45 40 40 543 41 34 406 38 35 34 288 24 25 29 18 18 76 FY21 FY22 FY23 FY24 Q1 FY25 FY21 FY22 FY23 F
Slide 32: Consolidated (Ex RQBE) Financials Summary
Consolidated (Ex RQBE) Financials Summary www.prismjohnson.in Particulars (₹ Crores) Q1 Q4 Q1 % QoQ % YoY FY20 FY21 FY22 FY23 FY24 % YoY FY24 FY24 FY25 Revenue from Operations 1,825 2,000 1,666 (16.7%) (8.7%) 5,820 5,326 5,827 6,830 7,175 5.1% - Prism Cement 911 907 773 (14.7%) (15.1%) 2,584 2,586 2
Slide 33: Standalone Financials Summary
Standalone Financials Summary www.prismjohnson.in Particulars (₹ Crores) Q1 FY24 Q4 FY24 Q1 FY25 % QoQ % YoY FY20 FY21 FY22 FY23 FY24 % YoY Revenue from Operations 1,792 1,968 1,632 (17.0%) (8.9%) 5,579 5,035 5,569 6,712 7,069 5.3% - Prism Cement 911 907 773 (14.7%) (15.1%) 2,584 2,586 2,408 3,030 3
Slide 34: Board Of Directors
Board Of Directors www.prismjohnson.in Name Designation Status 1 Dr. Raveendra Chittoor Chairman* Independent, Non-executive 2 Mr. Rajan Raheja Director Non-independent, Non-executive 3 Mr. Akshay Raheja Director Non-independent, Non-executive 4 Mr. Vijay Aggarwal Managing Director Non-independent,
Slide 35: Management Profile: Experienced Management (1/2)
Management Profile: Experienced Management (1/2) www.prismjohnson.in Mr. Vijay Aggarwal Managing Director Vivek K. Agnihotri* Executive Director & CEO – Cement MBA from FMS, University of Delhi Tenure in Company: ~9 years Past Experience: Ambuja Cements Limited, ACC Limited Sarat Chandak Executive D
Slide 36: Management Profile: Experienced Management (2/2)
Management Profile: Experienced Management (2/2) www.prismjohnson.in B. Com, Company Mining Engineering from Secretary, LLB IIT (ISM) Dhanbad, MBA from S P Jain Institute of Tenure in Company: B. Com, Chartered Management & Research, Joined in January Accountant Mumbai and LL.B from 2023 Tenure in C
Slide 37: Market Information
Market Information www.prismjohnson.in Absolute Share Price Performance Share Price Performance vs. BSE Sensex* 200 160.04 200 160 160 560 120 120 80 80 279 40 40 0 0 Oct20 Oct21 Oct22 Oct23 Jul20 Jul21 Jul22 Jul23 Jul24 Jan21 Jan22 Jan23 Jan24 Apr20 Apr21 Apr22 Apr23 Apr24 Oct20 Oct21 Oct22 Oct23 J
Slide 38: About PRISM JOHNSON LIMITED
About PRISM JOHNSON LIMITED www.prismjohnson.in PRISM JOHNSON LIMITED is one of India’s leading integrated building materials’ companies, with a wide range of products from cement and ready-mixed concrete to tiles and bathroom products. Prism Cement Prism Cement manufactures Cement with the brand na
Slide 39: Contact and Safe Harbour
www.prismjohnson.in PRISM JOHNSON LIMITED is committed to creating long-term sustainable shareholder value through successful implementation of its growth plans. The company’s investor relations mission is to maintain an ongoing awareness of its performance among shareholders and financial community