Prism Johnson Limited · NSE:PRSMJOHNSN
Prism Johnson — Investor Presentation (February 2024)
40 slides from Prism Johnson's investor presentation, February 2024
Slide 1: Corporate Presentation February 2024
www.prismjohnson.in Amongst India’s Leading Integrated Building Materials Companies CORPORATE PRESENTATION February 2024 CORPORATE PRESENTATION FEBRUARY 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 1: One Team value by meeting the T: Transparency construction and lifestyle 1 TASC needs of our customers A: Accountability through innovative building materials S: Speed and services C: Changing with Time CORPORAT
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) 100 RMC Plants*, ~12 mn m3 Registered Office Corporate Office Prism Cement Plant Prism Cement Marketing Office Prism Cement AP Proj
Slide 5: Prism Johnson: Our Journey
Prism Johnson: Our Journey www.prismjohnson.in 2020 2021 2022 2023 Commissioned 10.0 Received NCLT approval for the Launched Prism Champion All Weather Cement Set up a new tiles manufacturing MW of WHRS and 5.0 Composite Scheme of Arrangement and – Premium Cement Brand; Completed plant at Panagarh,
Slide 6: Q3 FY24 Financial Performance Snapshot (1/2)
Consolidated (Ex. RQBE) Q3 FY24 Financial Performance Snapshot (1/2) www.prismjohnson.in Revenue (₹ Crores) Revenue Mix 1,966 Prism Prism 1,825 Q3 FY24 revenue grew by RMC, Cement, 1,633 1,675 1,675 2.6% YoY led by 6.8% YoY 22% 45% Prism Cement constituted revenue growth in Prism 45% of Q3 FY24 reve
Slide 7: Q3 FY24 Financial Performance Snapshot (2/2)
Consolidated (Ex. RQBE) Q3 FY24 Financial Performance Snapshot (2/2) www.prismjohnson.in Working Capital (Days) Operating Free Cash Flows (₹ Crores) 25 518 23 17 17 Working Capital Days (cash conversion cycle) Operating Free Cash Flow 6 increased from 23 days in (FCF) (pre-capex and Q3 FY23 to 25 da
Slide 8: Segment Wise Q3 FY24 Update
Segment Wise Q3 FY24 Update www.prismjohnson.in EBITDA & EBITDA SALES VOLUME REVENUE MARGIN Cement & clinker sales volume EBITDA per ton grew by 167.1% Prism Cement’s Q3 FY24 grew by 8.8% YoY to 1.49 YoY to ₹ 787 per ton; Power and revenues grew by 6.8% YoY from million tons in Q3 FY24; Share of fue
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 Superior product mix; Share of premium products an installed cement capacity of 5.6 MTPA; Supply (Champion Plus, Duratech and Champion All agreements
Slide 10: Prism Cement: Plant at Satna
Prism Cement: Plant at Satna www.prismjohnson.in Prism Cement’s Plant at Satna, Madhya Pradesh CORPORATE PRESENTATION FEBRUARY 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: Strong Volume Growth Trend Continues in Q3 FY24
Prism Cement: Strong Volume Growth Trend Continues in Q3 FY24 www.prismjohnson.in Cement & Clinker Sales Volume (mn tons) Premium Products % 1.74 1.82 34% 1.44 1.45 1.37 1.49 32% 33% 33% 33% 31% 1.29 29% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 Q3 FY24 Regional Sales Breakup Q3 FY24 Sales: Trade
Slide 13: Prism Cement: EBITDA Per Ton Increased by 167.1% YoY
Prism Cement: EBITDA Per Ton Increased by 167.1% YoY in Q3 FY24 www.prismjohnson.in EBITDA per ton (₹) Cost per ton (₹) 4,775 4,812 4,825 750 787 4,682 673 4,552 4,411 470 364 4,239 295 231 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY22 FY23 Q3 Q2 Q3 % % Cement revenue grew by 6.8% YoY to ₹ 748 Crores in
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 CORPORATE PRESENTATION FEBRUARY 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: Panagarh Tile Manufacturing Plant
HRJ: Panagarh Tile Manufacturing Plant Started Commercial Production in October 2023 www.prismjohnson.in State-of-the-art tile manufacturing plant at Panagarh, West Bengal CORPORATE PRESENTATION FEBRUARY 2024 18
Slide 19: HRJ: Q3 FY24 Performance Summary (Consolidated)
HRJ: Q3 FY24 Performance Summary (Consolidated) www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) & EBITDA Margin (%) 8.2% 7.7% 7.0% 7.2% 6.3% 5.0% 4.5% 658 593 589 581 559 557 548 54 46 42 39 37 28 25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 Tile Sales Volume (million m2) Q3 FY24 consol
Slide 20: 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 OUR BUSINESS VERTICALS Amongst top three players in the RMC sector with Core business catering to pan India presence: 100 plants* at 44 cities / towns; the concrete require
Slide 21: Prism RMC: Wide Product Range (1/2)
Prism RMC: Wide Product Range (1/2) www.prismjohnson.in Aquaresistcrete Coastcrete Dyecrete Easycrete Flowable Concrete, Integral Waterproofing Solution Structures built for Generations Colour your Imagination Solution to Congestion of Steel FRCcrete Highdensecrete Megacrete Perviouscrete Freedom fr
Slide 22: Prism RMC: Wide Product Range (2/2)
Prism RMC: Wide Product Range (2/2) www.prismjohnson.in Prism Plast Elitecrete Envirocrete Foundationcrete Plastering Made Easy Lightweight & Makes the Structure Thermal Insulation Solution grey outside green inside Highly Durable Repaircrete Portacrete Thermocrete Xpresscrete Strengthening Solution
Slide 23: Prism RMC: Q3 FY24 Financial Performance Summary
Prism RMC: Q3 FY24 Financial Performance Summary www.prismjohnson.in Revenue (₹ Crores) EBITDA (₹ Crores) 10.7 5.9 2.7 2.0 1.1 370 370 366 355 343 342 333 (5.0) (9.6) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 EBITDA Margin (%) Revenue grew by 7.7% YoY from ₹ 343 Crores in Q3 FY23 to ₹ 370 Crores
Slide 24: Ardex Endura: Respectable Brand known for its Technological Prowess
Ardex Endura: Respectable Brand known for its Technological Prowess www.prismjohnson.in Revenue (₹ Crores) Prism Johnson’s Joint Venture with Ardex, Germany with a 200 155 168 50% Stake 135 133 R&D driven business Pan India presence with plants in Bengaluru, Vadodara, Durgapur, Pune, Nellore a
Slide 25: Raheja QBE General Insurance (RQBE): Performance Summary
Raheja QBE General Insurance (RQBE): Performance Summary www.prismjohnson.in Gross Written Premium (₹ Crores) AUM (₹ Crores) 909 861 850 804 803 799 782 139 116 94 76 54 47 38 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY23 FY24 RQBE added 46 new partners during Q3 FY24 taking the count of total partners to
Slide 26: Management Driving Several ESG Initiatives
Management Driving Several ESG Initiatives www.prismjohnson.in Environment CSR Initiatives Health & Safety Prism Cement’s Emissions Intensity at Construction of around 50 Provided around 60 on-site safety 630 kg CO2 per ton of cementitious perforated drum based water trainings to over 1,500 pa
Slide 27: 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 CORPORATE PRESENTATION FEBRUARY 2024 27
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 FY20 FY21 & Beyond Years of Years of Years of At an Profitable Growth Challenges Consolidation Infection Point Cement EBITDA per ton Cost focus initiatives, Blending silo at ₹ 962 and ROCE at switch to pet-co
Slide 29: Significant Margin Recovery during FY21 & FY22
Prism Johnson: Significant Margin Recovery during FY21 & FY22; Sharp Rise in Fuel Costs Dampened Margins in FY23 www.prismjohnson.in Prism Cement EBITDA / Ton (₹) 1,229 889 962 834 709 567 619 501 445 339 410 372 249 173 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 HRJ Conso
Slide 30: Division Wise Financial Performance
Prism Johnson: Division Wise Financial Performance www.prismjohnson.in Revenue (₹ Crores) 1,966 1,825 1,675 1,675 1,633 938 911 753 748 700 658 589 581 557 548 370 370 366 343 342 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY23 FY23 FY24 FY24 FY24 FY23 FY23 FY24 FY24 FY24 FY23 FY23
Slide 31: Strong Balance Sheet (Consolidated Ex RQBE)
Strong Balance Sheet (Consolidated Ex RQBE) www.prismjohnson.in Net Debt (₹ Crores) 1,953 FY24 Debt Repayment Obligation (₹ Crores) 1,864 1,856 2,000 10.0 383 8.0 356 1,253 1,234 1,149 1,098 1,500 4.4 6.0 3.0 3.1 2.6 1,000 2.0 4.0 1.8 2.1 2.0 500 1.9 1.6 1.7 0.0 28 0.9 0.9 0.8 0.7 0 -2.0 FY18 FY19 F
Slide 32: Consolidated (Ex RQBE) Financials Summary
Consolidated (Ex RQBE) Financials Summary www.prismjohnson.in Working Capital (Days) Particulars (₹ Crores) Q3 FY23 Q2 FY24 Q3 FY24 % QoQ % YoY 25 24 Revenue from Operations 23 1,633 1,675 1,675 0.0% 2.6% 18 17 17 - Prism Cement 700 753 748 (0.6%) 6.8% - HRJ 589 581 557 (4.1%) (5.4%) 6 - Prism RMC 3
Slide 33: Standalone Financials Summary
Standalone Financials Summary www.prismjohnson.in Particulars (₹ Crores) Q3 FY23 Q2 FY24 Q3 FY24 % QoQ % YoY 9M FY23 9M FY24 %YoY Revenue from Operations 1,611 1,652 1,657 0.3% 2.9% 4,764 5,101 7.1% - Prism Cement 700 753 748 (0.6%) 6.8% 2,092 2,411 15.3% - HRJ 570 564 545 (3.4%) (4.4%) 1,646 1,629
Slide 34: Awards & Recognition
Awards & Recognition www.prismjohnson.in Prism Cement awarded the Safety Award (Large Enterprises, Prism Cement received an award for Environmental Excellence at Cement Sector) at the 11th Global Safety Summit in Dec 2023 the 23rd Greentech Annual Environment Award 2023 Prism Cement awarded the Happ
Slide 35: Board Of Directors
Board Of Directors www.prismjohnson.in Name Designation Status 1 Mr. Shobhan M. Thakore 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, E
Slide 36: 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 Di
Slide 37: 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: Management & Research, Joined in January 2023 Mumbai and LL.B from Past experience: Nagpur University Relia
Slide 38: Market Information
Market Information www.prismjohnson.in Absolute Share Price Performance Share Price Performance vs. BSE Sensex* 200 180.75 200 160 160 632 120 120 80 80 40 40 256 0 0 Apr20Oct20Apr21Oct21Apr22Oct22Apr23Oct23 Value Traded on NSE + BSE (INR Crore) (RHS) Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Slide 39: 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 40: 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
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