Prism Johnson Corporate Presentation 9dec2022 1
Prism Johnson Corporate Presentation 9dec2022 1
Prism Johnson Corporate Presentation 9dec2022 1
in
C O M P A N YP R E S E N T A T I O
COMPANY PRESENTATION N
NOVEMBER 2022
2021-22
Prism Johnson: An Integrated Building Materials Company www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 2
Prism Johnson: Vision & Values www.prismjohnson.in
Vision Values
TASC
A: Accountability
through innovative
1
building materials S: Speed
and services
C: Changing with Time
COMPANY PRESENTATION
NOVEMBER 2022 3
Prism Johnson: Our Journey www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 4
Prism Johnson: Our Presence www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 5
Prism Johnson: Our People www.prismjohnson.in
Prism Johnson
encourages and
facilitates a healthy
work environment,
driven by team spirit
and unity.
COMPANY PRESENTATION
NOVEMBER 2022 7
Ambitious ESG Targets for FY25 www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 8
CSR Activities Categorised into 8 Large Focus Areas www.prismjohnson.in
Rural Health
Infrastructure &
Development Hygiene
Providing Empowerment
Potable & Skill
Drinking Water Development
Disaster Social
Management Welfare
COMPANY PRESENTATION
NOVEMBER 2022 9
Awards & Recognition www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 10
www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022
Prism Cement: Prominent Cement Player in the Satna Cluster www.prismjohnson.in
Prominent cement company in the Satna cluster Superior product mix; Premium products
with an installed cement capacity of 5.6 MTPA (Champion Plus and Duratech) constituted
(Unit I: 2.0 MTPA & Unit II: 3.6 MTPA) 30.4% of cement volumes in H1 FY23
Strong medium-term outlook for cement led by Wide distribution network of around 3,000
demand from housing and infrastructure active dealers and nearly 4,800 active retailers
sectors
COMPANY PRESENTATION
NOVEMBER 2022 12
Prism Cement: Plant at Satna
www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 13
Prism Cement: Key Brands www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 14
Prism Cement: Key Operating Metrics (1/2) www.prismjohnson.in
FY18 FY19 FY20 FY21 FY22 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23
FY22 Regional Sales Breakup FY22 Sales: Trade vs. Non Trade
FY18 FY19 FY20 FY21 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23
FY22
Eastern Uttar Pradesh Bihar Trade Non-Trade
Madhya Pradesh
COMPANY PRESENTATION
NOVEMBER 2022 15
Prism Cement: Key Operating Metrics (2/2) www.prismjohnson.in
FY18 FY19 FY20 FY21 FY22 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23
3% 0% 0% 1%
0% 1%
COMPANY PRESENTATION
NOVEMBER 2022 17
www.prismjohnson.in
H & R JOHNSON
COMPANY PRESENTATION
NOVEMBER 2022
INDIA (HRJ)
HRJ: Amongst the Leading Tiles & Bath Fittings Companies in India www.prismjohnson.in
Distribution
Wide Distribution Network with over 1,200 dealers and around
8,000 to 10,000 retail outlets; 18 large format Experience
Centres displaying HRJ’s product range
Manufacturing Capacity
10 tile manufacturing plants (including joint ventures) with total
capacity of around 60 million m2 p.a. and 2 faucet manufacturing
plants with total capacity of 3.6 million pieces p.a.
Expansion Plans
Greenfield tile capacity addition of 5.5 million m2 at Panagarh,
West Bengal by June 2023; Tile capacity expansion of 1.2 million
m2 at Morbi, Gujarat by one of the joint ventures by March
2023
H & R Johnson Plant
ROCE H & R Johnson Office
H1 FY23 Capital Employed at ₹ 869 Crores; Experience Centre
Significant
improvement in ROCE from 5.0% in FY21 to 17.2% in FY22
(6.3% in H1 FY23)
COMPANY PRESENTATION
NOVEMBER 2022 19
HRJ: Key Operating Metrics www.prismjohnson.in
Tile Manufacturing Capacity (mn m2) Tile Sales Volume (mn m2)
62% 69% 64%
60%
58% 59%
FY18 FY19 FY20 FY21 FY22 H1 FY18 FY19 FY20 FY21 FY22 H1 FY23
FY23
Tile Sales Volume
Tile Capacity (Own + Joint Ventures)
Capacity Utilisation
o Tile capacity expansion of around 4 million m2 by JV o Tiles sales volume grew by 9.3% YoY to 53.1 million m2
partners during FY22 in FY22 and 15.8% YoY in H1 FY23
o Current capacity of ~60 million m2 post closure of a JV o FY22 domestic tiles sales volume grew by 13.4% YoY and
tile capacity of 3.9 million m2 in August 2022 exports volume declined by 14.3% YoY
o Planned greenfield tile capacity expansion of 5.5 o H1 FY23 domestic tiles sales volume grew by 27.7% YoY
million and exports volume declined by 50.9% YoY
m2 at Panagarh, West Bengal by June 2023
o Tile capacity expansion of 1.2 million m2 at Morbi,
Gujarat by one of the JV partners by March 2023
COMPANY PRESENTATION
NOVEMBER 2022 20
HRJ: Leveraging the Johnson Brand & Distribution Network www.prismjohnson.in
246
197
176
153 162
Revenue (₹ Crore)
COMPANY PRESENTATION
NOVEMBER 2022 21
HRJ: Growth Opportunities Complementary to Domestic Tiles Business
www.prismjohnson.in
117 184
104 164
77 89 119
46 53
21
FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Engg. Marble & Quartz (₹ Tiles (₹
Crore) Crore)
o Environment friendly alternative to marble; UL o Export businesses affected in FY22 and H1 FY23 due
GREENGUARD certified engineered quartz products to supply chain issues
o Largely exports driven business; Near term sales o Solid medium-term growth potential as many
pressure due to supply chain issues and countries implemented anti-dumping duty for exports
implementation of anti-dumping duty for exports from China; Export opportunities to open up
to USA especially to USA
COMPANY PRESENTATION
NOVEMBER 2022 22
HRJ: Wide Product Range with an Innovation Focus www.prismjohnson.in
Ordinary Roof
COMPANY PRESENTATION
NOVEMBER 2022 23
HRJ: Key Brands www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 24
HRJ: Operates 18 Experience Centres Across India www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 25
www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022
Prism RMC: Amongst the Leading RMC Players with a Pan-India Presence
www.prismjohnson.in
OUR BUSINESS
Accreditation Board for Testing and Calibration mixed concrete in
Laboratories to ensure strict adherence to quality infrastructure sub-sectors,
such as Highways, Power
VERTICALS
Plants, Refineries, Ports
and Jetties
COMPANY PRESENTATION
NOVEMBER 2022 27
Prism RMC: Wide Product Range (1/2)
www.prismjohnson.in
Flowable Concrete,
Integral Waterproofing Solution Structures built for Generations Colour your Imagination
Solution to Congestion of Steel
Freedom from Rapid Wear & Tear Acts as a Silent Guardian Breaking the Height Barrier Instant Water Logging Solution
COMPANY PRESENTATION
NOVEMBER 2022 28
Prism RMC: Wide Product Range (2/2)
www.prismjohnson.in
Strengthening Solution
Ready to Deliver Thermal Cracking Solution Instant Water Logging Solution
for Extra Life
COMPANY PRESENTATION
NOVEMBER 2022 29
www.prismjohnson.in
FINANCIAL
PERFORMANCE &
COMPANY PRESENTATION
GOVERNANCE
NOVEMBER 2022
Prism Johnson: At an Inflection Point www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 31
Prism Johnson: Significant Margin Recovery in the Past 5 Years www.prismjohnson.in
1,227 962
834 889
709
567 619
501 504
339 410 372
249 173
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 H1 FY23
FY22
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 H1 FY23
Note: Financial data for the periods starting from FY10 to FY15 is as per IGAAP
COMPANY PRESENTATION
NOVEMBER 2022 32
FY18 349 FY18 2,372
NOVEMBER 2022
FY1 523 FY1 2,77
Crores)
Crores)
3
COMPANY PRESENTATION
EBITDA (₹
9 509 9 FY20
Revenue (₹
2,584
FY2 56 FY21
0 2,586
Prism Cement
Prism Cement
0 FY22
370 2,408
FY2 H1
138 1,392
1 FY23
FY18 64 FY18 1,685
FY2
FY1
2 60 FY1 1,827
9 FY20
H1 70 9 1,823
FY2
HRJ
HRJ
FY22 23 0 2,22
5 1
H1 FY2
33
85 1,152
FY23 1
FY18 28 FY18 1,364
FY2
FY19 3 FY12 1,48
Prism Johnson: Division Wise Five Year Financial Performance
9 1
FY2 9 H1
23 FY2 1,41
0 FY21 (18 FY23 4
Prism RMC
Prism RMC
)
FY22 9 0 908
H1 (8 FY2 1,198
)
FY23 1 688
FY18 441 FY18 5,422
FY2
FY19 621 FY19
2 6,08
1
FY2 601 FY2
H1
FY2 5,821
0 FY21 70 0 FY213
(Ex RQBE)
(Ex RQBE)
Consolidated
Consolidated
1 5,326
FY22 FY22
614 5,827
H1 H1
214 3,232
www.prismjohnson.in
FY23 FY23
Five Year Financial Performance Snapshot: Strengthening Balance Sheet
www.prismjohnson.in
Consolidated (Ex. RQBE)
Working Capital (Days) Operating Free Cash Flows (₹
Crores)
44 930
40 40
439 393 406
18 18 18 298
56
FY18 FY19 FY20 FY22 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23
FY21
Cash Conversion Cycle*
Net Debt (₹ ROCE# (%)
Crores)
1,953 1,856 1,864
18.2%
15.5%
4.4 1,253 1,354 13.2% 13.5%
1,234 11.2%
3.0 3.1 2.7
1.8 2.0
3.4%
1.9 1.6 1.7 0.9 0.9 1.0
FY18 FY19 FY20 FY21 FY22 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23
Net Debt Net Debt to TTM EBITDA Net Debt to Equity
* Cash Conversion Cycle = Inventory Days + Debtor Days – Creditor Days
# EBIT includes Other Income for ROCE calculation
COMPANY PRESENTATION
NOVEMBER 2022 34
Board Of Directors www.prismjohnson.in
5 Mr. Vivek K Agnihotri Executive Director & CEO (Cement) Non-independent, Executive
6 Mr. Sarat Chandak Executive Director & CEO (HRJ) Non-independent, Executive
COMPANY PRESENTATION
NOVEMBER 2022 35
Management Profile: Experienced Management (1/2) www.prismjohnson.in
Sarat Chandak
Executive Director & CEO – HRJ
B.SC (Hons), and MBA from University of Pune
Tenure in Company: ~3 years
Past Experience: Kajaria Ceramics, RAK Ceramics
Educational Background: B. Tech (Elec.) from
IIT, Delhi and PGDM from IIM, Ahmedabad
Tenure in Company: ~25 years Anil Kulkarni
CEO – Prism RMC
Past Experience: SBI Capital Markets
B.E. (Civil Engineering), PGDM
Other Board Memberships: Aptech Limited,
Raheja QBE General Insurance Company Tenure in Company: Joined in 2022
Limited, Ardex Endura (India) Private Limited Past experience: ACC, UltraTech Cement,
Infra.Market
COMPANY PRESENTATION
NOVEMBER 2022 36
Management Profile: Experienced Management (2/2) www.prismjohnson.in
COMPANY PRESENTATION
NOVEMBER 2022 37
Market Information www.prismjohnson.in
Absolute Share Price Performance Share Price Performance vs. BSE Sensex *
160 125.15 1,600
120 1,200 438
80 800
40 400 221
0 0
Apr20 Sep20 Feb21 Jul21 Dec21 May22
Oct22 Value Traded on NSE + BSE (INR Apr20 Sep20 Feb21 Jul21 Dec21 May22 Oct22
mn) (RHS) NSE Share Price (INR) Prism Share Price (NSE)
BSE Sensex
50%
100% H. & R. Johnson (India) TBK Sentini Cermica Pvt. Ltd. 27.95% CSE Solar Parks
Ltd. Satna Pvt. Ltd.
100% 50% Small Johnson Floor Tiles
RMC Readymix Porselano 27% Sunspring Solar
(India) Ltd. Pvt. Ltd.
Pvt. Ltd.
50% Spectrum Johnson Tiles
51% Raheja QBE General Pvt. Ltd.
Insurance Co. Ltd. 50%
Antique Marbonite Pvt. Ltd.
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 name 'Champion' and premium quality grade of cement under brand
names ‘Champion Plus’ and ‘Duratech’. It caters mainly to markets of Eastern Uttar Pradesh, Madhya Pradesh and Bihar, with
an average lead distance of 388 kilometers in H1 FY22 from its plant at Satna, Madhya Pradesh. Prism Cement has a wide
distribution network of around 3,000 active dealers serviced from 159 stock points.
Prism RMC
Prism RMC is the amongst the top three players in the ready-mixed concrete sector, with a pan-India presence as it operates
92 plants at 44 locations. Prism RMC also mines aggregates and operates 3 quarries. Further, it has three technical labs that
are certified by National Accreditation Board for Testing and Calibration Laboratories and ensures strict adherence to the
quality of concrete manufactured at Prism RMC plants.
COMPANY PRESENTATION
NOVEMBER 2022 40
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.
Address:
“Rahejas”, Main Avenue, V. P. Road, Santacruz (W), Mumbai—400 054
Safe Harbour
Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of
risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company
does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.