Prism Johnson Limited · NSE:PRSMJOHNSN
Prism Johnson — Q3 FY23 Earnings Presentation
23 slides from Prism Johnson's earnings presentation, Feb 1, 2023
Slide 1: Q3 FY23 Investor Update
www.prismjohnson.in Amongst India’s Leading Integrated Building Materials Companies Q3 FY23 INVESTOR UPDATE 1 February 2023 Q3 FY23 INVESTOR UPDATE
Slide 2: Executive Summary: Q3 FY23 Financial Performance Snapshot (1/2)
Executive Summary Consolidated (Ex. RQBE) Q3 FY23 Financial Performance Snapshot (1/2) www.prismjohnson.in Revenue (₹ Crores) Revenue Mix 1,722 1,692 Prism 1,633 Q3 FY23 revenue grew by Prism RMC, 1,518 1,540 7.6% YoY led by strong Cement, 21.0% Prism Cement constituted double digit growth in 42.9%
Slide 3: Executive Summary: Q3 FY23 Financial Performance Snapshot (2/2)
Executive Summary Consolidated (Ex. RQBE) Q3 FY23 Financial Performance Snapshot (2/2) www.prismjohnson.in Working Capital (Days) Operating Free Cash Flows (₹ Crores) 27 24 23 285 18 18 Efficient management of 89 Operating Free Cash Flow Working Capital; 58 (FCF) (pre-capex and Working Capital Days
Slide 4: Executive Summary: Segment Wise Q3 FY23 Update
Executive Summary: Segment Wise Q3 FY23 Update www.prismjohnson.in EBITDA & EBITDA SALES VOLUME REVENUE MARGIN Cement & clinker sales volume Significant increase in costs led to grew 9.4% YoY to 1.37 million Prism Cement’s Q3 FY23 decline in EBITDA per ton from tons in Q3 FY23; Share of revenues gre
Slide 5: 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 Superior product mix; Share of premium products an installed cement capacity of 5.6 MTPA; Supply (Champion Plus, Duratech and Champion All Weather) a
Slide 6: Prism Cement: Cement & Clinker Volumes Grew 9.4% YoY
Prism Cement: Cement & Clinker Volumes Grew 9.4% YoY www.prismjohnson.in Cement & Clinker Sales Volume (mn tons) Premium Products % 32.7% 31.9% 30.2% 29.1% 1.44 29.0% 28.7% 1.42 28.1% 1.37 1.32 1.29 1.25 1.23 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY22 FY23 Q3 FY23 Regional Sales Breakup Q3 FY23 Sales: T
Slide 7: Prism Cement: Significant Increase in Power & Fuel Costs Impacted EBITDA Per Ton
Prism Cement: Significant Increase in Power & Fuel Costs Impacted EBITDA Per Ton www.prismjohnson.in EBITDA per ton (₹) 1,156 Cost per ton (₹) 4,825 4,775 4,411 4,394 4,154 906 3,584 3,437 750 408 385 295 231 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY22 FY23 Cost per ton (₹) Q3 Q2 Q3 % % Cement revenue
Slide 8: HRJ: Amongst the Leading Tiles & Bath Companies in India
HRJ: Amongst the Leading Tiles & Bath Companies in India www.prismjohnson.in Strong Brand Strong brand with a long standing history of tile manufacturing in India; Operating since 1958 Wide Product Range Wide Product Range: Tiles, Sanitary-ware & Bath-fittings, Quartz & Engineered Marbles Distributi
Slide 9: HRJ: Lower Capacity Utilisation and High Gas Prices Impacted EBITDA Margin
HRJ: Lower Capacity Utilisation and High Gas Prices Impacted EBITDA Margin www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) & EBITDA Margin (%) 12.7% 12.4% 10.9% 7.7% 7.0% 6.3% 2.5% 689 633 593 589 559 547 86 81 353 60 46 39 37 9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY22 FY23 Tile Sales Volume
Slide 10: HRJ: Wide Product Range with an Innovation Focus
HRJ: Wide Product Range with an Innovation Focus www.prismjohnson.in Innovations That Differentiate HRJ Tac Tiles Cool Roof SRI (Solar) Germ-Free Product Range Reflective Tiles) NOT JUST A BATHROOM BUT Come home to comfort YOUR GERM FREE COMFORT ZONE. & warmth. Not Germs. PRESENTING GERM FREE SANITA
Slide 11: HRJ: Operates Experience Centres Across India
HRJ: Operates 18 Experience Centres Across India www.prismjohnson.in Experience Centre – Bhubaneshwar Q3 FY23 INVESTOR UPDATE 11
Slide 12: Prism 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 Core business catering to Amongst the top three players in the RMC sector with the concrete requirements of pan India presence: Prism RMC operates 87 plants at metro cities
Slide 13: Prism RMC: Strong Demand from Infrastructure Sector Contributed to Revenue Growth
Prism RMC: Strong Demand from Infrastructure Sector Contributed to Revenue Growth www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) 2.7 9.6 7.3 1.1 0.7 355 353 343 333 317 (8.8) 293 (9.6) 235 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY22 FY23 EBITDA Margin (%) Revenue grew 8.4% YoY from ₹ 317 Cror
Slide 14: Raheja QBE General Insurance (RQBE): Performance Summary
Raheja QBE General Insurance (RQBE): Performance Summary www.prismjohnson.in Gross Written Premium (₹ Crores) AUM (₹ Crores) 909 861 815 799 777 139 765 701 117 107 104 94 91 Q1 Q2 89 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY22 FY23 RQBE added 23 partners during Q3 FY23 taking the count of total partners to 3,
Slide 15: Management Driving Several ESG Initiatives
Management Driving Several ESG Initiatives www.prismjohnson.in Environment CSR Initiatives Health & Safety Prism Cement’s Emissions Intensity at Free medical facilities provided to Provided over 100 on-site safety 633 kg CO2 per ton of cementitious over 4,500 people from the near-by trainings
Slide 16: Glimpses of CSR Initiatives
Glimpses of CSR Initiatives www.prismjohnson.in Construction of Bus Shelter at Richhahari Stitching Training at Rewa Development of Playground at Satna Installation of Smart Class at Malgaon Q3 FY23 INVESTOR UPDATE 16
Slide 17: Division Wise Financial Performance Summary: Consolidated (Ex. RQBE)
Division Wise Financial Performance Summary: Consolidated (Ex. RQBE) www.prismjohnson.in Revenue (₹ Crores) 1,722 1,692 1,633 1,540 1,518 744 700 689 680 648 633 593 589 568 355 353 559 343 333 317 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY22 FY22 FY23 FY23 FY23 FY22 FY22 FY23 FY
Slide 18: Consolidated (Ex. RQBE) Financial Summary
Consolidated (Ex. RQBE) Financial Summary www.prismjohnson.in Working Capital (Days)* Particulars Q3 Q2 Q3 27 % QoQ % YoY (₹ Crores) FY22 FY23 FY23 24 23 Revenue from 18 18 Operations 1,518 1,540 1,633 6.0% 7.6% EBITDA 136 60 80 34.9% (40.9%) EBITDA Margin % 9.0% 3.9% 4.9% Depreciation & Q3 Q4 Q1 Q2
Slide 19: Strong Balance Sheet (Consolidated Ex RQBE)
Strong Balance Sheet (Consolidated Ex RQBE) www.prismjohnson.in Net Debt (₹ Crores) Debt Repayment Obligation (₹ Crores) 2,088 409 409 1,953 1,908 1,864 1,856 10.0 2,000 1,486 6.4 8.0 1,234 1,253 5.4 215 1,500 6.0 187 4.4 3.0 3.1 3.3 4.0 1,000 1.8 2.0 2.0 28 500 2.1 1.9 1.9 1.6 1.7 0.0 0 0.9 0.9 1.1
Slide 20: Standalone Financial Summary
Standalone Financial Summary www.prismjohnson.in Standalone Financial Summary Particulars (₹ Crores) Q3 FY22 Q2 FY23 Q3 FY23 % QoQ % YoY 9M 9M % YoY FY22 FY23 Revenue from Operations 1,456 1,513 1,611 6.5% 10.6% 3,908 4,764 21.9% - Prism Cement 568 648 700 8.1% 23.4% 1,727 2,092 21.1% - HRJ 579 533
Slide 21: Market Information
Market Information www.prismjohnson.in Absolute Share Price Performance Share Price Performance vs. BSE Sensex * 160 120 366 80 104.7 211 40 0 Apr20 Apr21 Apr22 Jul20 Jul21 Jul22 Oct20 Oct21 Oct22 Jan21 Jan22 Jan23 Apr21 Apr20 Apr22 Jul20 Jul21 Jul22 Oct20 Oct21 Oct22 Jan21 Jan22 Jan23 Value Traded
Slide 22: 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 23: Investor Relations 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