PRSMJOHNSNNSEMay 11, 2022

Prism Johnson Limited

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), Mumbai-400 051. Code: PRSMJOHNSN BSE Limited, Corporate Relationship Department, P. J. Towers, Dalal Street, Fort, Mumbai - 400 023. Code : 500338 Dear Sir, Pursuant to Regulation 30 and 51
5.6 MT
S COMPANIES Prism Johnson: An Integrated Building Materials Company www.prismjohnson.in Capacity 5.6 MTPA at Satna, Madhya Pradesh Capacity ~64 million m2 of own and JV tile capacity across 11 locati
64 million
ing Materials Company www.prismjohnson.in Capacity 5.6 MTPA at Satna, Madhya Pradesh Capacity ~64 million m2 of own and JV tile capacity across 11 locations in India Capacity ~11 million m3; 97 plants pa
11 million
desh Capacity ~64 million m2 of own and JV tile capacity across 11 locations in India Capacity ~11 million m3; 97 plants pan- India Products / Brands  Ordinary Portland Cement (OPC)  Portland Pozzalana
₹ 58,265 million
ed (Ex. RQBE) FY22 Financial Performance Snapshot (1/2) www.prismjohnson.in Revenue Revenue Mix ₹ 58,265 million FY22 Revenue FY22 revenue grew by 9.4% led by strong growth in both HRJ and Prism RMC divisions;
9.4%
/2) www.prismjohnson.in Revenue Revenue Mix ₹ 58,265 million FY22 Revenue FY22 revenue grew by 9.4% led by strong growth in both HRJ and Prism RMC divisions; Prism Cement revenue declined 6.9% Yo
6.9%
by 9.4% led by strong growth in both HRJ and Prism RMC divisions; Prism Cement revenue declined 6.9% YoY due to lower sales volume Prism Cement 41.3% HRJ 38.1% Prism RMC 20.6% Prism Cement consti
41.3%
sm RMC divisions; Prism Cement revenue declined 6.9% YoY due to lower sales volume Prism Cement 41.3% HRJ 38.1% Prism RMC 20.6% Prism Cement constituted 41.3% of FY22 revenues; HRJ constituted 38.
38.1%
sions; Prism Cement revenue declined 6.9% YoY due to lower sales volume Prism Cement 41.3% HRJ 38.1% Prism RMC 20.6% Prism Cement constituted 41.3% of FY22 revenues; HRJ constituted 38.1% and Pris
20.6%
ent revenue declined 6.9% YoY due to lower sales volume Prism Cement 41.3% HRJ 38.1% Prism RMC 20.6% Prism Cement constituted 41.3% of FY22 revenues; HRJ constituted 38.1% and Prism RMC constitute
12.4%
revenues; HRJ constituted 38.1% and Prism RMC constituted 20.6% EBITDA FY22 EBITDA declined by 12.4%; Prism Cement EBITDA / ton declined from ₹ 962 in FY21 to ₹ 709 on account of lower sales volume
₹ 962
constituted 20.6% EBITDA FY22 EBITDA declined by 12.4%; Prism Cement EBITDA / ton declined from ₹ 962 in FY21 to ₹ 709 on account of lower sales volumes and higher costs; HRJ EBITDA grew by 47.9% to
Speaking time
Executive Summary
2
RMC sector with pan India presence
1
New products launched during the quarter
1
Address
1
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Opening remarks
Executive Summary
Consolidated (Ex. RQBE) FY22 Financial Performance Snapshot (1/2) www.prismjohnson.in Revenue Revenue Mix ₹ 58,265 million FY22 Revenue FY22 revenue grew by 9.4% led by strong growth in both HRJ and Prism RMC divisions; Prism Cement revenue declined 6.9% YoY due to lower sales volume Prism Cement 41.3% HRJ 38.1% Prism RMC 20.6% Prism Cement constituted 41.3% of FY22 revenues; HRJ constituted 38.1% and Prism RMC constituted 20.6% EBITDA FY22 EBITDA declined by 12.4%; Prism Cement EBITDA / ton declined from ₹ 962 in FY21 to ₹ 709 on account of lower sales volumes and higher costs; HRJ EBITDA grew by 47.9% to ₹ 2,351 million EBITDA Margin 270 bps decline in EBITDA margin due to pressure on Prism Cement EBITDA; HRJ reported healthy EBITDA margin of 10.6% (+ 190 bps); Prism RMC EBITDA Margin improved by 270 bps to 0.7% % 1 . 8 8 1 Y F % 2 . 0 1 9 1 Y F % 3 . 0 1 0 2 Y F % 2 . 3 1 1 2 Y F % 5 . 0 1 2 2 Y F EBITDA Margin ₹ 6,143 million FY22 EBITDA INVESTOR PRESENTATION For The Quarter Ended
Executive Summary
Consolidated (Ex. RQBE) FY22 Financial Performance Snapshot (2/2) www.prismjohnson.in Working Capital Operating FCF 0 4 0 4 4 4 8 1 8 1 8 1 Y F 9 1 Y F 0 2 Y F 1 2 Y F 2 2 Y F Cash Conversion Cycle* Efficient management of Working Capital; Working Capital Days maintained at 18 days 1 8 9 , 2 8 1 Y F 0 9 3 , 4 9 1 Y F 0 3 9 , 3 0 2 Y F 0 0 3 , 9 1 2 Y F 0 6 0 , 4 2 2 Y F Operating Free Cash Flow Operating Free Cash Flow (FCF) (pre-capex and investments) was ₹ 4,060 million in FY22 6.0 4.0 2.0 0.0 2.0 4.0 6.0 8.0 4.4 3.0 3.1 7 2 5 , 9 1 8 1 Y F 2 6 5 , 8 1 9 1 Y F 2 4 6 , 8 1 0 2 Y F 20, 000 18, 000 16, 000 14, 000 12, 000 10, 000 8,0 00 6,0 00 4,0 00 2,0 00 0 1.8 2.0 3 4 3 , 2 1 1 2 Y F 4 3 5 , 2 1 2 2 Y F Net Debt Net Debt to EBITDA Net Debt Strong Balance Sheet Net Debt to EBITDA at 2.0x as on March 31, 2022; Net Debt / Equity stood at 0.9x as of March 31, 2022; ₹ 3.6 billion prepaid out of the debt repayment obligaiton of ₹ 5.7 billion due in FY23 ROCE % 5 . 3 1 8 1 Y F % 5 . 5 1 9 1
RMC sector with pan India presence
Operates 97 plants at 44 locations Pan India Presence Three technical labs that are certified by National Accreditation Board for Testing and Calibration Laboratories to ensure strict adherence to quality Quality Control Backward integration: Three quarries (aggregates & manufactured sand) Backward Integration Key Focus Areas: Increase plant utilisation levels, increase share of value added products and focus on individual home builder segment Key Focus Areas Beneficiary of demand recovery from real estate and infrastructure segments; Good traction in mega business as Prism RMC won several infrastructure projects that will be executed over the next 2-3 years Growth Outlook Strong ROCE potential for existing business with improvement in plant capacity utilisation levels Strong ROCE Potential INVESTOR PRESENTATION For The Quarter Ended March 2022 19 Prism RMC: Increase in EBITDA Margin on a Sequential Basis www.prismjohnson.in Revenue (₹ million) EBITDA (₹ million) 7 6 1 , 3 0 2 9 , 2 0
New products launched during the quarter
Commercial Lines: Miscellaneous Professional Indemnity, Multimedia Professional Indemnity Policy , Cyber & Data Security Insurance Policy Retail Lines: Contractor's All Risks RQBE added 157 partners during Q4 FY22 taking the count of total partners to 3,191 including Agents, Brokers, POSP, IMF, MISP, Web Aggregators and OEM Q4 FY22 Financial Highlights: • Gross Written Premium: ₹ 1,067 million, growth of 3% over Q4 FY21 • Profit / (Loss) Before Tax: ₹ (182) million vs. ₹ (272) million in Q4 FY21 FY22 Financial Highlights • Gross Written Premium: ₹ 3,927 million, growth of 33% over FY21 • Profit / (Loss) After Tax: ₹ (964) million vs. ₹ (838) million in FY21 • Combined Ratio stands at 143% (vs. 149% in FY21) • Well capitalized with solvency ratio of 2.2x against regulatory minimum of 1.50x • AUM of ₹ 8.15 billion as on March 31, 2022 Update on Sale of RQBE: The regulatory approvals required for completing the transaction are yet to be received. Once the regulatory approvals are received
Address
“Rahejas”, Main Avenue, V. P. Road, Santacruz (W), Mumbai—400 054 Safe Harbor 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.
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