Prism Johnson Limited · NSE:PRSMJOHNSN
Prism Johnson — Q1 FY2021 Earnings Presentation
15 slides from Prism Johnson's earnings presentation, Aug 13, 2020
Slide 1: Cover letter to stock exchanges
Ref. : ASK/UD/2020-21/Q-1 IP August 13, 2020 The National Stock Exchange (India) Ltd., 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,
Slide 2: Investor Presentation for the Quarter ended June 2020
(Formerly Prism Cement Limited) AMONGST INDIA’S LEADING INTEGRATED BUILDING MATERIALS COMPANY Investor Presentation For the Quarter ended June 2020 August’ 20 1 www.prismjohnson.in
Slide 3: Quarter ended June 2020 – Executive Summary and outlook
Quarter ended June 2020 – Executive Summary and outlook q Key highlight during the challenging quarter was reduction in standalone net debt by ~ ₹ 2,750 mn to ~₹ 12,001 mn, as compared to March 2020. Consolidated net debt declined by ₹ 2,798 mn to ₹ 15,475 mn. This was on account of working capital
Slide 4: Quarter ended June 2020 – Executive Summary and outlook
Quarter ended June 2020 – Executive Summary and outlook q Cement volumes declined by ~19% on yoy basis. However combined cement & clinker volume declined by ~23% as compared to quarter ended June 2019. The sales volume in May’ 20 and June’ 20 were better than same period last year. Premium products
Slide 5: Quarter ended June 20 – PJL Consolidated (ex RQBE) and Standalone Financials
Quarter ended June 20 – PJL Consolidated (ex RQBE) and Standalone Financials Conso. Segment Revenue (Rs mn) Conso. Segment EBITDA (Rs mn) 8000 7283 2000 1735 7000 6663 1530 1500 1331 6000 5484 5000 4675 1000 4239 4000 3535 3704 500 211 3000 52 20 90 1865 0 2000 Cement HRJ RMC 729 1000 -500 -471 -500
Slide 6: Prism Cement – EBITDA per ton maintained despite lower volumes
Prism Cement – EBITDA per ton maintained despite lower volumes Cement Division EBITDA per ton, Rs Cement & Clinker Sales Volume, mn ton 1116 1111 5.7 1016 889 753 615 1.6 1.2 1.4 1.5 1.3 Q1FY20 Q1FY21 Q2FY20 Q3FY20 Q4FY20 FY20 q Cement demand recovered in rural India due to Government support and In
Slide 7: HRJ – operating performance impacted by lockdown
HRJ – operating performance impacted by lockdown HRJ Division (Consolidated) 18,226 4,675 4,633 4,678 4,239 8 1,865 4 7 -226 Q1FY20 Q1FY21 Q2FY20 Q3FY20 Q4FY20 FY20 -207 -703 Sales, Rs mn EBIT, Rs mn q Consolidated revenues down ~60% yoy to ₹ 1,865 mn. Sanitaryware & faucets revenues declined by ~43
Slide 8: RMC (India) – operating performance impacted by lockdown
RMC (India) – operating performance impacted by lockdown EBIT, Rs mn Sales, Rs mn RMC Division 14,139 3,704 3,457 3,442 3,535 729 9 Q1FY20 Q1FY21 Q2FY20 -45 Q3FY20 -18 Q4FY20 -85 FY20 -139 -587 q During the quarter, revenues were down ~80% on yoy basis to ₹ 729 mn q Due to lower volumes the Division
Slide 9: ESG initiatives – efforts to gain momentum
ESG initiatives – efforts to gain momentum Environment stands out as a key issue in ESG analysis. Prism Johnson is committed towards achievement and maintenance of high standards of Environment, Health and Safety issues at all plants and offices. • The Company actively looks for opportunity to repla
Slide 10: ESG – Awards & Recognitions
ESG – Awards & Recognitions 9 www.prismjohnson.in
Slide 11: Debt/Equity ratio – Improvement due to better working capital management
Debt/Equity ratio – Improvement due to better working capital management Standalone Net Debt / Equity (x) 2.00 1.88 1.86 1.80 1.64 1.60 1.45 1.40 1.31 1.23 1.20 1.12 1.00 0.80 FY15 FY16 FY17 FY18 FY19 FY20 Q1FY20 Standalone Net Debt / Equity (x) • Despite lower operational performance, the Company h
Slide 12: Treasury / Liquidity management
Treasury / Liquidity management q The Company has not opted for moratorium with any banks / FIs for principal or interest payments. The Company did not opt for moratorium on TDS and made all payments in time q Over the years, the Company has been proactively managing its liquidity profile. Given the
Slide 13: Raheja QBE General Insurance (RQBE) – future plans
Raheja QBE General Insurance (RQBE) – future plans q Joint Venture with QBE group of Australia with Prism Johnson stake at 51%. Raheja QBE till recently had a liability led specialist insurance focus. Foray into retail business q New brand identity introduced with the core messaging of 'Your Kind of
Slide 14: About PRISM JOHNSON LIMITED
About PRISM JOHNSON LIMITED PRISM JOHNSON LIMITED is one of India’s leading integrated Building Materials’ Company, with a wide range of products from cement, ready-mixed concrete, tiles and bathroom products. Prism Cement Prism Cement manufactures Cement with the brand name 'Champion' and premium q
Slide 15: About PRISM JOHNSON LIMITED – Investor Relations
About PRISM JOHNSON LIMITED Investor Relations 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 sharehold