Slide 1: Investor Presentation For The Year Ended March 2021
AMONGST INDIA’S LEADING INTEGRATED BUILDING MATERIALS COMPANY Investor Presentation For The Year Ended March 2021 19 May 2021 1 www.prismjohnson.in
Slide 2: Prism Johnson: An Integrated Building Materials Company
Prism Johnson: An Integrated Building Materials Company Prism RMC Prism Cement H&R Johnson • Capacity: 5.6 mtpa at Satna • Capacity: 60 mn m2 of own • Capacity: 10.5 mn m3 Cluster in Central India and JV capacity across 11 locations in India • Products: • Products: • Ready-mixed Concrete • Ordinary
Slide 3: Executive Summary
Executive Summary www.prismjohnson.in 3
Slide 4: Consolidated (Ex RQBE) FY21 Financial Performance Snapshot
Executive Summary: Consolidated (Ex RQBE) FY21 Financial Performance Snapshot RMC HRJ 17% 34% ₹53,261 mn 13.2% ₹7,023 mn FY21 Revenue FY21 EBITDA Margin FY21 EBITDA Cement EBITDA Margin increased 16.9% YoY EBITDA growth 8.5% YoY Decline in by 290 bps in FY21 led by led by strong growth across Revenu
Slide 5: Division-Wise FY21 Performance Summary
Executive Summary: Division-Wise FY21 Performance Summary Cement • Cement & Clinker sales volume improved from 5.72 mn tons in FY20 to 5.82 mn tons in FY21 (1.7% growth) • Share of premium products in total sales volume continued to increase; Increased from 22.3% of total cement volume in FY20 to 27
Slide 6: Executive Summary: Q4 FY21 Business Update
Executive Summary: Q4 FY21 Business Update Significant EBITDA margin Continued focus to Strong volume growth in expansion in HRJ and RMC increase ROCE and reduce Key ESG Initiatives cement and HRJ divisions divisions debt • Cement: As economic activity • Cement: Q4 FY21 EBITDA per • Efficient workin
Slide 7: Prism Cement
Prism Cement www.prismjohnson.in 7
Slide 8: Prism Cement: Prominent Cement Player in Central India
Prism Cement: Prominent Cement Player in Central India Prominent cement company in Central India with installed capacity of 5.6 mtpa at Satna, Madhya Pradesh Stable demand-supply scenario in the Satna cluster, with demand from real estate and infrastructure sectors likely to pick-up in FY22 Superior
Slide 9: Prism Cement: Strong Operating & Financial Metrics in FY21
Prism Cement: Strong Operating & Financial Metrics in FY21 EBITDA per ton (₹) Cost per ton (₹) 3,896 1,116 1,111 3,704 3,627 1,016 1,012 3,482* 3,482* 3,551 3,447* 3,506 3,483 3,407 962 918 889 875 753 615 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY FY20 FY21 FY20 FY21 ₹ per ton FY20 FY21 % YoY • 8.2% growth in F
Slide 10: Prism Cement: Strong Volume Growth in Q4
Prism Cement: Strong Volume Growth in Q4 Cement & Clinker Sales Volume (mn tons) Premium Products % 1.90 28.9% 27.5% 27.6% 27.7% 26.2% 1.56 1.50 23.7% 1.38 1.42 23.1% 23.4% 1.31 22.3% 1.20 1.19 19.2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY FY20 FY21 FY20 FY21 FY21 Regional Sales Breakup FY21 Sales Volume - Trade
Slide 11: Prism Cement: Key Operating Metrics
Prism Cement: Key Operating Metrics Lead Distance (kms) Rail-Road Mix (%) 406 391 391 382 384 37% 40% 50% 57% 61% 63% 60% 50% 43% 39% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Rail Road Power Consumption (Kwh per ton of cement) FY21 Fuel Mix (%) 73 73 73 74 71 Petcoke 45% Coal 55% FY17 FY18
Slide 12: H & R Johnson Division
H & R Johnson Division www.prismjohnson.in 12
Slide 13: HRJ: Amongst the Leading Ceramics Companies in India
HRJ: Amongst the Leading Ceramics Companies in India Wide product range: tiles, Long Standing sanitaryware & History of Tile Tiles faucets, quartz Manufacturing in & engineering India; Operating marbles and Since 1958 construction chemicals H&R Johnson 11 Tile Manufacturing Bathroom Two Faucet plant
Slide 14: 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 (₹ mn) EBITDA (₹ mn) 6,142 769 772 5,423 524 4,675 4,633 4,895 4,678 4,239 211 195 233 57 1,865 (422) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY20 FY21 • FY21 EBITDA margin expanded 490 b
Slide 15: HRJ: Business Opportunities Complementary to Domestic Tiles Business
HRJ: Business Opportunities Complementary to Domestic Tiles Business; Leveraging Brand & Distribution Network Ardex Endura Bathroom Segment Exports Revenue 1,970 1,760 2,881 1,548 1,558 1,529 1,618 2,361 1,347 1,332 1,041 1,304 1,167 677 774 1,840 213 1,194 464 530 FY18 FY19 FY20 FY21 FY18 FY19 FY20
Slide 16: HRJ: Update on Scheme of Arrangement & Amalgamation
HRJ: Update on Scheme of Arrangement & Amalgamation • Composite Scheme of Arrangement and Amalgamation amongst Prism Johnson Limited (PJL), H. & R. Johnson (India) TBK Limited, Milano Bathroom Fittings Private Limited, Silica Ceramica Private Limited, TBK Rangoli Tile Bath Kitchen Private Limited, T
Slide 17: Experience Center and Product Branding
Experience Center and Product Branding Pune Experience Centre Products Range under Germ-free Product Portfolio www.prismjohnson.in 17
Slide 18: Ready Mix Concrete Division
Ready Mix Concrete Division www.prismjohnson.in 18
Slide 19: RMC (India) Division
RMC (India) Division Pan India Second largest presence with player in the 96 plants in RMC sector 44 locations Backward integration: Three technical Six quarries labs that are RMC Plant (aggregates & NABL manufactured accredited sand plants) Strong ROCE Strong revenue potential growth given low pote
Slide 20: RMC (India): Special Products
RMC (India): Special Products Dyecrete® comprises an eye catching Elitecrete™ is a light weight concrete array of concrete that are suitable for with densities varying from 800 to a wide variety of architectural and 1800 kg/m3 decorative applications Repaircrete™ is a ready to use wet FRCcrete® is f
Slide 21: RMC (India): Revenue Improvement QoQ; Strong Margin Recovery
RMC (India): Revenue Improvement QoQ; Strong Margin Recovery Led by Tight Cost Controls Revenue (₹ mn) EBITDA (₹ mn) 198 3,704 3,535 90 92 3,457 3,442 3,316 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 Key
Slide 22: Insurance
Insurance www.prismjohnson.in 22
Slide 23: Raheja QBE General Insurance (RQBE)
Raheja QBE General Insurance (RQBE) Products launched during Q4 FY21 include Group Premier Personal Accident Insurance and Saral Suraksha Bima - Raheja QBE General Insurance (Standard Personal Accident Insurance) RQBE added 213 partners during Q4 FY21 taking the count of total partners to 2,690,
Slide 24: ESG Initiatives & Awards
ESG Initiatives & Awards www.prismjohnson.in 24
Slide 25: Management Driving Several ESG & CSR Initiatives
Management Driving Several ESG & CSR Initiatives Continuous Efforts for Improved Sustainability Energy Efficiency • 22.4MW of WHRS commissioned during FY21 (Includes the 12.4MW commissioned in March 2021) • 10.0MW solar power commissioned during FY21 (taking the total solar power installed at Satna
Slide 26: Waste Heat Recovery System (WHRS) Site
Waste Heat Recovery System (WHRS) Site: Commissioned 12.4 MW in Q4FY21 (Total 22.4 Commissioned During FY21) AQC-1 Boiler Steam Turbine Generator Control Room 26
Slide 27: CSR Initiatives During Q4 FY21
CSR Initiatives During Q4 FY21 Sponsored Cataract Surgeries Distributed Nutritious Food De-silting & bore shaft at Malgaon Pond Embankment of River 27
Slide 28: Awards & Recognitions
Awards & Recognitions Prism Cement (Satna Plant) received an award for outstanding achievements in Safety Excellence Prism Cement (Satna Plant) was declared a winner of the Gold Award in cement sector for Outstanding Achievement in Occupational Health & Safety Management 28 www.prismjohnson.in
Slide 29: Consolidated Financial Highlights
Consolidated Financial Highlights www.prismjohnson.in 29
Slide 30: Consolidated Financials (Ex RQBE): EBITDA Growth Led by Cost Rationalization
Consolidated Financials (Ex RQBE): EBITDA Growth Led by Sustainable Cost Rationalization Initiatives Consolidated Revenue Ex RQBE (₹ mn) 17,735 14,539 14,437 ₹ mn FY20 FY21 % Change Revenue 58,205 53,261 (8.5%) 8,276 6,663 6,196 6,142 5,423 - Cement 25,840 25,857 0.1% 4,239 3,535 3,316 2,920 - HRJ 1
Slide 31: Consolidated (Ex RQBE) Financial Summary: Significant ROCE Expansion
Consolidated (Ex RQBE) Financial Summary: Significant ROCE Expansion Working Capital Days ROCE % 63 18.2% 15.5% 45 47 13.2% 43 44 41 47 43 40 44 40 18 FY19 FY20 FY21 FY19 FY20 FY21 Inventory Debtors Creditors Working Capital EBITDA Margin Improvement & Efficient Working Capital Management led to ROC
Slide 32: Strengthening Balance Sheet: Continued Focus to Reduce Net Debt
Strengthening Balance Sheet: Continued Focus to Reduce Net Debt Consolidated Net Debt Ex RQBE (₹ mn) Repayment Obligations (₹ mn) 20,877 9.0 21,000 19,081 19,527 18,642 18,562 8.0 19,000 6.4 7,661 7.0 17,000 5.4 6.0 5,866 15,000 4.4 12,343 5.0 13,000 3.0 3.1 4.0 11,000 1.8 3.0 9,000 2.0 7,000 1,795
Slide 33: Capacity Expansion Plan & Capex Outlook
Capacity Expansion Plan & Capex Outlook • Debottlenecking at Satna, Madhya Pradesh to increase cement production Prism Cement: capacity by 0.9 mn tons by June 2022 for total capex of around ₹1.39 bn • Further plan to increase Grinding Capacity at Satna, Madhya Pradesh by approx. Cement Capacity 1.0
Slide 34: Standalone Financial Highlights
Standalone Financial Highlights www.prismjohnson.in 34
Slide 35: Standalone Financial Summary: Strong Margin Expansion & Profit Growth in FY21
Standalone Financial Summary: Strong Margin Expansion & Profit Growth in FY21, Despite Impact of COVID-19 Particulars (₹ mn) Q4 FY20 Q3 FY21 Q4 FY21 % QoQ % YoY FY20 FY21 % YoY Revenue from Operations* 13,720 13,755 16,890 22.8% 23.1% 55,786 50,352 (9.7%) - Cement 6,663 6,196 8,276 33.6% 24.2% 25,84
Slide 36: Management & Board Structure
Management & Board Structure www.prismjohnson.in 36
Slide 37: Management Profile: Experienced Management (1/2)
Management Profile: Experienced Management (1/2) Educational Background: B. Tech (Elec.) from IIT, Delhi and PGDM from IIM, Ahmedabad Tenure in Company: ~23 years Mr. Vijay Aggarwal Managing Director Past work experience: SBI Capital Markets Other Board Memberships include: Exide Life Insurance Co,
Slide 38: Management Profile: Experienced Management (2/2)
Management Profile: Experienced Management (2/2) Mr. Vivek K. Agnihotri Mrs. Aneeta Kulkarni Executive Director & CEO - Cement Company Secretary • MBA from FMS, University of Delhi • Company Secretary, LLB, PGDAM (NMIMS) and FIII (Fellow of Insurance Institute of India) • Tenure in Company: Nearly s
Slide 39: Market Data
Market Data www.prismjohnson.in 39
Slide 40: Market Information
Market Information Absolute Share Price Performance Share Price Performance vs. BSE Sensex 144.10 1,500 504 150 120 1,200 90 900 60 600 30 300 178 0 0 Jun20 Nov20 Jan21 Sep20 Feb21 Apr20 May20 May21 Aug20 Apr21 Oct20 Dec20 Jul20 Mar21 Nov20 Dec20 Aug20 Sep20 Feb21 Apr20 May20 Jan21 Apr21 May21 Oct20
Slide 41: 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 42: 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