Prism Johnson Limited · NSE:PRSMJOHNSN
Prism Johnson — Q3 FY21 Earnings Presentation
31 slides from Prism Johnson's earnings presentation, Jan 28, 2021
Slide 1: Investor Presentation For The Quarter Ended December 2020
AMONGST INDIA’S LEADING INTEGRATED BUILDING MATERIALS COMPANY Investor Presentation For The Quarter Ended December 2020 January 28, 2021 1 www.prismjohnson.in
Slide 2: Executive Summary
Executive Summary www.prismjohnson.in 2
Slide 3: Consolidated (Ex RQBE) Q3 FY21 Financial Performance Snapshot
Executive Summary: Consolidated (Ex RQBE) Q3 FY21 Financial Performance Snapshot RMC 20% HRJ 37% INR 14,539 mn 14.9% INR 2,160 mn Q3 FY21 Revenue Q3FY21 EBITDA Margin Q3 FY21 EBITDA Cement 540 bps YoY EBITDA Margin 59.9% YoY EBITDA growth 1.7% YoY Revenue Growth Expansion led by Cost led by strong g
Slide 4: Executive Summary: Business Update / Key Initiatives
Executive Summary: Business Update / Key Initiatives Cost Rationalization Continued Focus to Initiatives Led to Strong Volume Recovery Increase ROCE and ESG Initiatives EBITDA performance Reduce Debt across divisions • Cement: As economic activity • Cement: Several cost • Efficient working capital •
Slide 5: Division-Wise Q3 FY21 Performance Summary
Executive Summary: Division-Wise Q3 FY21 Performance Summary Cement • Cement & Clinker sales volume improved from 1.38 mn tons in Q3 FY20 to 1.42 mn tons in Q3 FY21 • Contribution of premium products continued to improve and constituted around 27.6% of total cement volume in Q3 FY21 • EBITDA per ton
Slide 6: Prism Cement
Prism Cement www.prismjohnson.in 6
Slide 7: Prism Cement: Improving Operating & Financial Metrics
Prism Cement: Improving Operating & Financial Metrics EBITDA per ton (INR) Cost per ton (INR) 3,896 1,111 1,116 3,704 1,012 1,016 3,551 3,483 3,506 918 3,447* 3,407 753 615 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY20 FY21 Q3 FY20 Q3 FY21 % YoY • 21.9% YoY growth in EBITDA per ton led by cost rationalizat
Slide 8: Prism Cement: Operational Parameters Exceed Pre COVID-19 Levels
Prism Cement: Operational Parameters Exceed Pre COVID-19 Levels Cement & Clinker Sales Volume (mn tons) Premium Products % 1.56 27.5% 27.6% 1.50 26.2% 1.38 1.42 1.31 23.1% 23.7% 23.4% 1.20 1.19 19.2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY20 FY21 Regional Sales Breakup Sales Volume - Trade vs. Non Trad
Slide 9: H & R Johnson Division
H & R Johnson Division www.prismjohnson.in 9
Slide 10: HRJ (Consolidated): Better Operating Performance Led by Strong Volume Growth
HRJ (Consolidated): Better Operating Performance Led by Strong Volume Growth and Sustainable Cost Optimization Revenue (INR mn) EBITDA (INR mn) 5,423 765 4,675 4,633 4,895 4,678 524 4,239 211 195 233 52 1,865 -422 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY20 FY21 Tiles Sales Volume (msm) • EBITDA margin e
Slide 11: Experience Center and Product Branding
Experience Center and Product Branding Pune Experience Centre Products Range under Germ-free Product Portfolio www.prismjohnson.in 11
Slide 12: Ready Mix Concrete Division
Ready Mix Concrete Division www.prismjohnson.in 12
Slide 13: RMC (India): Improving Performance; Increasing Volume Trend MoM
RMC (India): Improving Performance; Increasing Volume Trend MoM Revenue (INR mn) EBITDA (INR mn) 3,704 3,535 90 92 3,457 3,442 45 50 75 20 2,920 2,113 729 -500 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY20 FY21 •Revenue improvement quarter on quarter led by part recovery of construction activities in metro
Slide 14: Insurance
Insurance www.prismjohnson.in 14
Slide 15: Raheja QBE General Insurance (RQBE)
Raheja QBE General Insurance (RQBE) Products launched during Q3 FY21 include Industrial All Risks and Group Health Insurance. Further add-on covers were launched for two wheelers (all variants; annual, bundled and standalone own damage) and for private cars (goods carrying, passenger carrying and
Slide 16: ESG Initiatives & Awards
ESG Initiatives & Awards www.prismjohnson.in 16
Slide 17: Management Driving Several ESG & CSR Initiatives
Management Driving Several ESG & CSR Initiatives Continuous Efforts for Improved Sustainability Energy Efficiency • 10MW of WHRS commissioned; Plan to commission balance 12.5 MW by March 2021 • Plan to commission remaining 12.5 MW (out of 25 MW) solar power by March 2021 • Installed solar panels at
Slide 18: Waste Heat Recovery System (WHRS) Site: Commissioned 10 MW During Q3 FY21
Waste Heat Recovery System (WHRS) Site: Commissioned 10 MW During Q3 FY21 Phase I under Commissioning Trial AQC-1 Commissioned Control Room Steam Turbine Generator 18
Slide 19: Solar Panels: 12.5 MW Commissioned in August 2020; 12.5 MW Planned for Q4 FY21
Solar Panels: 12.5 MW Commissioned in August 2020; 12.5 MW Planned for Q4 FY21 On Track Module Mounting System and Solar Panels Roof Top Solar Panels at Administrative Building Roof Top Solar Power at School Building Solar Lights at Hinauta Village 19
Slide 20: CSR Initiatives During Q3 FY21
CSR Initiatives During Q3 FY21 Construction of Bus Shelters at Majhiyar Village Imparted Skill Development Trainings Smart Class set up at Government Higher Distribution of Thermal Wear to Senior Citizens Secondary School Bamhauri and Sajjanpur 20
Slide 21: Awards & Recognitions
Awards & Recognitions Prism Cement (Satna Plant) Received “Apex India CSR Excellence Award ”for the Outstanding Achievement in Water Conservation / Watershed Development Category Prism Cement (Satna Plant) Received “Apex India CSR Excellence Award ”for the Outstanding Achievement in Health Awareness
Slide 22: Consolidated Financial Highlights
Consolidated Financial Highlights www.prismjohnson.in 22
Slide 23: Consolidated Financials: EBITDA Growth Led by Sustainable Cost Rationalization Initiatives
Consolidated Financials: EBITDA Growth Led by Sustainable Cost Rationalization Initiatives Consolidated Revenue Ex RQBE (INR mn) 14,290 14,539 12,910 6,170 5,902 6,196 4,678 4,895 5,423 3,442 2,113 2,920 Cement HRJ RMC Consolidated Q3 FY20 Q2 FY21 Q3 FY21 Consolidated EBITDA Ex RQBE (INR mn) 2,160 1
Slide 24: Consolidated Financial Summary: EBITDA Margin Improvement & Efficient Working Capital Management
Consolidated Financial Summary: EBITDA Margin Improvement & Efficient Working Capital Management led to ROCE Expansion Consolidated (Ex RQBE) Financials Summary Consolidated (Ex RQBE) ROCE 25.3% Particulars (INR mn) Q3 FY20 Q2 FY21 Q3 FY21 % QoQ % YoY 18.6% 11.1% 13.4% Revenue from Operations 14,290
Slide 25: Strengthening Balance Sheet: Continued Focus to Reduce Net Debt
Strengthening Balance Sheet: Continued Focus to Reduce Net Debt Consolidated Net Debt Ex RQBE (INR mn) 22,000 20,877 9.0 19,527 8.0 20,000 6.4 19,081 18,562 18,642 7.0 18,000 5.4 6.0 4.4 5.0 16,000 14,884 3.0 3.1 4.0 2.5 14,000 3.0 2.0 12,000 2.1 1.9 1.9 1.7 1.7 1.0 10,000 1.3 0.0 FY16 FY17 FY18 FY1
Slide 26: Standalone Financial Highlights
Standalone Financial Highlights www.prismjohnson.in 26
Slide 27: Standalone Financial Summary: EBITDA Margin Improvement & Lower Finance Costs
Standalone Financial Summary: EBITDA Margin Improvement & Lower Finance Costs led Significant to Net Profit Growth Particulars (INR mn) Q3 FY20 Q2 FY21 Q3 FY21 % QoQ % YoY ROCE Revenue from Operations* 13,788 12,057 13,753 14.1% -0.3% 24.7% 19.1% - Cement 6,170 5,902 6,196 5.0% 0.4% 14.7% 10.7% - HR
Slide 28: Market Data
Market Data www.prismjohnson.in 28
Slide 29: Market Information
Market Information Absolute Share Price Performance Share Price Performance vs. BSE Sensex 100 1,600 90.00 315 80 1,200 60 800 168 40 400 20 0 Oct20 May20 Jul20 Aug20 Sep20 Dec20 Jan21 Nov20 Apr20 Jun20 May20 Jul20 Aug20 Oct20 Dec20 Apr20 Nov20 Jan21 Sep20 Jun20 Value Traded on NSE + BSE (INR mn) NS
Slide 30: 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 31: About PRISM JOHNSON LIMITED
About PRISM JOHNSON LIMITED 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 c