Prism Johnson Limited · NSE:PRSMJOHNSN
Prism Johnson — Q1 FY24 Earnings Presentation
26 slides from Prism Johnson's earnings presentation, Aug 2, 2023
Slide 1: Exchange filing cover letter
Ref. : 2023-24/Q-1 August 2, 2023 The National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Bandra-Kurla Complex, Corporate Relationship Department, Bandra (East), Mumbai – 400 051. P. J. Towers, Dalal Street, Fort, Mumbai – 400 023. Code : PRSMJOHNSN Code : 500338 Dear Sir, Pursuan
Slide 2: Investor Update August 2023
www.prismjohnson.in Amongst India’s Leading Integrated Building Materials Companies INVESTOR UPDATE August 2, 2023 INVESTOR UPDATE AUGUST 2023
Slide 3: Q1 FY24 Financial Performance Snapshot (1/2)
Executive Summary Consolidated (Ex. RQBE) Q1 FY24 Financial Performance Snapshot (1/2) www.prismjohnson.in Revenue (₹ Crores) Revenue Mix Q1 FY24 revenue grew by Prism 1,966 1,825 7.9% YoY led by strong RMC, Prism 1,692 1,633 revenue growth in Prism 20% Cement, Prism Cement constituted 1,540 Cement
Slide 4: Q1 FY24 Financial Performance Snapshot (2/2)
Executive Summary Consolidated (Ex. RQBE) Q1 FY24 Financial Performance Snapshot (2/2) www.prismjohnson.in Working Capital (Days) Operating Free Cash Flows (₹ Crores) 518 24 23 18 Efficient management of 17 Working Capital; Operating Free Cash Flow Reduction in inventory 58 6 (FCF) (pre-capex and da
Slide 5: Segment Wise Q1 FY24 Update
Executive Summary: Segment Wise Q1 FY24 Update www.prismjohnson.in EBITDA & EBITDA SALES VOLUME REVENUE MARGIN Cement & clinker sales volume Prism Cement’s Q1 FY24 EBITDA per ton declined by 10.3% grew by 20.8% YoY to 1.74 revenues grew by 22.4% YoY YoY, but improved by 43.2% million tons in Q1 FY24
Slide 6: 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 agreements
Slide 7: Prism Cement: Strong Volume Growth in Q1 FY24
Prism Cement: Strong Volume Growth in Q1 FY24 www.prismjohnson.in Cement & Clinker Sales Volume (mn tons) Premium Products % 1.74 1.82 34% 1.44 1.37 33% 1.29 32% 31% 29% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 Q1 FY24 Regional Sales Breakup Q1 FY24 Sales: Trade vs. Non Trade 23% 25% Uttar Prades
Slide 8: Prism Cement: EBITDA Per Ton Increased 43.2% QoQ
Prism Cement: EBITDA Per Ton Increased 43.2% QoQ www.prismjohnson.in EBITDA per ton (₹) Cost per ton (₹) 750 673 4,825 4,775 4,682 470 4,552 295 231 4,411 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY22 FY23 Q1 Q4 Q1 % % Cement revenue grew by 22.4% YoY to ₹ 911 Crores in Cost per ton (₹) FY23 FY23 FY24 Qo
Slide 9: 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 Distribution Network Strong brand with a long standing history of tile Wide Distribution Network with around 1,300 manufacturing in India, operating since 1958; dealers and over 8,
Slide 10: HRJ: Strong Brands and Wide Product Range with Innovation Focus
HRJ: Strong Brands and Wide Product Range with an Innovation Focus www.prismjohnson.in Innovations That Differentiate HRJ Several Strong Brands Cool Roof SRI (Solar) Tac Tiles Reflective Tiles) Ordinary Roof Roof having Endura Cool Roof SRI INVESTOR UPDATE AUGUST 2023 9
Slide 11: HRJ: Operates 21 Experience Centres Across India
HRJ: Operates 21 Experience Centres Across India www.prismjohnson.in Opened a new Experience Centre at Hyderabad INVESTOR UPDATE AUGUST 2023 10
Slide 12: HRJ: Q1 FY24 Performance Summary (Consolidated)
HRJ: Q1 FY24 Performance Summary (Consolidated) www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) & EBITDA Margin (%) 8.2% 7.7% 7.0% 6.3% 5.0% 658 593 589 559 548 54 46 39 37 28 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 Tile Sales Volume (million m2) Q1 FY24 consolidated revenue declined
Slide 13: Prism RMC: Leading RMC Player with Pan-India Presence
Prism RMC: Amongst the Leading RMC Players with a Pan-India Presence www.prismjohnson.in Pan India Presence Commercial Concrete OUR BUSINESS VERTICALS Amongst top three players in the RMC sector with Core business catering to pan India presence: Operates 93 plants* at 44 cities / the concrete requir
Slide 14: Prism RMC: Financial Performance Summary
Prism RMC: Financial Performance Summary www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) 10.7 2.7 2.0 1.1 370 366 355 343 333 (9.6) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 EBITDA Margin (%) Revenue grew by 3.2% YoY from ₹ 355 Crores in Q1 FY23 to ₹ 366 Crores in Q1 FY24 primarily due
Slide 15: Raheja QBE General Insurance (RQBE): Performance Summary
Raheja QBE General Insurance (RQBE): Performance Summary www.prismjohnson.in Gross Written Premium (₹ Crores) AUM (₹ Crores) 909 861 850 803 799 139 117 94 47 38 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 RQBE added 37 partners during Q1 FY24 taking the count of total partners to 3,387 including Ag
Slide 16: Management Driving Several ESG Initiatives
Management Driving Several ESG Initiatives www.prismjohnson.in Environment CSR Initiatives Health & Safety Prism Cement’s Emissions Intensity at Installation of hand pumps at Provided over 50 on-site safety 628 kg CO2 per ton of cementitious Richhahari, Hinauti, Mahurachh, trainings to over 1,
Slide 17: 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 INVESTOR UPDATE AUGUST 2023 16
Slide 18: Sustainability Report 2022-23
Sustainability Report 2022-23: Concrete Steps to a Sustainable Future www.prismjohnson.in Prism Johnson’s Sustainability Report Fourth Sustainability Report prepared in line with Global Reporting Initiative (GRI) standards Assured by Ernst and Young Associates LLP The environmental and social data i
Slide 19: Prism Johnson: Division Wise Financial Performance
Prism Johnson: Division Wise Financial Performance www.prismjohnson.in Revenue (₹ Crores) 1,966 1,825 1,692 1,633 1,540 938 911 744 700 658 648 593 589 559 548 370 366 355 333 343 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY23 FY23 FY23 FY23 FY24 FY23 FY23 FY23 FY23 FY24 FY23 FY23
Slide 20: Strong Balance Sheet (Consolidated Ex RQBE)
Strong Balance Sheet (Consolidated Ex RQBE) www.prismjohnson.in Net Debt (₹ Crores) FY24 Debt Repayment Obligation (₹ Crores) 1,953 1,864 1,856 2,000 10.0 383 8.0 1,285 1,253 1,234 312 1,149 1,500 4.4 6.0 3.0 3.1 2.6 2.9 4.0 1,000 1.8 2.0 2.0 72 500 1.9 1.6 1.7 0.0 0.9 0.9 0.8 0.9 0 -2.0 Original Re
Slide 21: Consolidated (Ex RQBE) Financials Summary
Consolidated (Ex RQBE) Financials Summary www.prismjohnson.in Working Capital (Days) Particulars (₹ Crores) Q1 FY23 Q4 FY23 Q1 FY24 % QoQ % YoY 24 23 Revenue from Operations 1,692 1,966 1,825 (7.2%) 7.9% 18 17 - Prism Cement 744 938 911 (2.9%) 22.4% - HRJ 593 658 548 (16.6%) (7.6%) 6 - Prism RMC 355
Slide 22: Standalone Financials Summary
Standalone Financials Summary www.prismjohnson.in Particulars (₹ Crores) Q1 FY23 Q4 FY23 Q1 FY24 % QoQ % YoY Revenue from Operations 1,640 1,948 1,792 (8.0%) 9.3% - Prism Cement 744 938 911 (2.9%) 22.4% - HRJ 543 644 520 (19.2%) (4.3%) - Prism RMC 355 370 366 (1.1%) 3.2% - Inter segment revenue (2)
Slide 23: Awards & Recognition
Awards & Recognition www.prismjohnson.in Prism Cement received the 7th outstanding Achievement CSR Award from the Federation of Madhya Pradesh Chamber of Commerce & Industry; the award was presented by the Hon’ble Chief Minister of Madhya Pradesh INVESTOR UPDATE AUGUST 2023 22
Slide 24: Market Information
Market Information www.prismjohnson.in Absolute Share Price Performance Share Price Performance vs. BSE Sensex* 160 160 124.3 120 120 435 80 80 40 40 235 0 0 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Value Traded on NSE + BSE (INR Crore) (RHS) Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 NSE Share Pric
Slide 25: 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 26: 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