Slide 1: Investor Presentation
UFLEX LIMITED INVESTOR PRESENTATION December 2024 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72.2mn as of Sep 30, 2024
Slide 2: An Overview
An Overview Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners 1985 16 Established Manufacturing Units 5000+ 1,074,110 MTPA1 Customer Base Global Capacity* Presence Across 150+ 10,000+ Workforce Countries 7bn+ 74,317 MTPA 5.4 bn+ 64,330 MTPA 300 mn+ 1,090 mn+ PCR PET2 Bottles C
Slide 3: Journey so far: Growing as a Global Player in Flexible Packaging
Journey so far: Growing as a Global Player in Flexible Packaging • Hungary: Forayed with a BOPP Line • Nigeria: Forayed with a • Aseptic Packaging: Annual BOPET Line 2021 2022 Capacity Doubled to 7 Bn • Egypt: Added 2nd BOPP Packs • Diversified into Film line Holography Business • Dharwad (India): S
Slide 4: India Packaging Landscape
India Packaging Landscape
Slide 5: Packaging Market Size
Packaging Market Size Revenue in USD bn, Global Packaging Market, 2016-2027 Revenue in USD bn, India Packaging market, 2016-2027 CAGR growth 2016 -2021 2022-2027 160 CAGR growth 2016 -2021 2022-2027 Total Packaging 3.8% 3.9% Total Packaging 9.8% 10.2% 150 1400 Metal 3.2% 2.9% Metal 8.6% 8.8% Glass 0
Slide 6: Packaging Films Market Size
Packaging Films Market Size Global BOPET1 films Market Size 2017-2027: ‘000 tons Global BOPP2 films Market Size 2016-2026: ‘000 tons CAGR Growth % 2017-2022 2022-2027 CAGR growth % 2016-2021 2021-2026 Capacity 6.38% 6.21% Capacity 4.6% 5.4% Production 6.54% 5.03% Production 5.0% 4.3% Consumption 6.0
Slide 7: India's Decade of Outperformance
India’s Decade of Outperformance India to Become 3rd Largest Economy by FY29 India's Rising GDP per Capita ➔ Higher Consumer Spending GDP in US$ trillion (Real GDP growth %) GDP per Capita at current prices in US$ (‘000) per capita 2025F 2029F 2025F 2029F USA 30.3 ; (2.2%) USA 35.5 ; (2.2%) USA 89.7
Slide 8: Evolving Business Landscape of Packaging and Packaging Films
Evolving Business Landscape of Packaging and Packaging Films 01 02 03 MACRO CONSUMPTION COMMODITY ECONOMIC TRENDS PRICE TREND ENVIRONMENT LT Growth remains Gradual Uptick in Raw Material Prices Steady amid ST Rural Demand as Stabilised in the 2nd Challenges Urban Demand Lags Half of Q2 FY25 8
Slide 9: Macro Economic Environment
Macro Economic Environment Global Outlook remains Resilient with Moderation India continues to Sustain its Momentum Real GDP Growth (YoY) Real GDP Growth (YoY) 7.7 8.2 3.7 7.0 7.2 2.1 2.4 6.5 1.4 3.3 3.2 1.7 1.8 2.5 2.8 0.5 0.8 5.2 4.8 World Advanced US Euro Area China FY19 FY23 FY24 FY25F Economies
Slide 10: Evolving Consumption Trends
Evolving Consumption Trends Strong fall in Both Value & Volume Growth Volume: Rural remain Steady while Urban Plunged Rainfall Status: +8% LPA (1st Jun’24 – 30th Sep’24) FMCG growth % FMCG volume growth % in Rural & Urban 9.5% 8.9% 11.0% 6.8% 7.0% 6.5% 6.7% 5.7% 7.9% 8.1% 4.1% 6.1% 5.8% 6.2% 6.0% 3.
Slide 11: Pricing Trends of Packaging Films and Related Commodities
Jan-23 98.5 135.5 Feb-23 99.8 145.0 Mar-23 97.5 129.0 Apr-23 101.0 115.5 May-23 108.5 126.2 Jun-23 101.6 123.8 Jul-23 100.3 121.4 Aug-23 103.3 129.3 Sep-23 98.3 129.1 Oct-23 96.3 112.0 Nov-23 92.8 110.7 Dec-23 92.9 106.0 Jan-24 94.0 109.0 Feb-24 92.2 113.0 Mar-24 94.3 119.3 Apr-24 93.8 122.1 May-24
Slide 12: Investment Proposition
Investment Proposition Road Ahead India’s Largest Flexible Packaging Solutions Company Aiming to achieve higher revenues, enhance profitability, and The largest flexible packaging company, with Rs. 135 billion in generate surplus cash flow. revenue and Rs. 16 billion in EBITDA, has been catering to
Slide 13: India's Largest Flexible Packaging & Solutions Company: FY24
1.a India’s Largest Flexible Packaging & Solutions Company FY24 Consolidated Revenues FY24 Consolidated EBITDA Rs. Mn Rs. Mn 160,000 18,000 16,103 140,000 135,098 16,000 14,000 120,000 12,000 100,000 10,000 80,000 7,737 63,671 8,000 7050 60,000 50,067 44,035 6,000 39,755 4,767 4,254 40,000 25,649 26
Slide 14: India's Largest Flexible Packaging & Solutions Company: H1FY25
1.b India’s Largest Flexible Packaging & Solutions Company H1FY25 Consolidated Revenues H1FY25 Consolidated EBITDA Rs. Mn Rs. Mn 80,000 75,357 10,000 9,035 9,000 70,000 8,000 60,000 7,000 50,000 6,000 5,313 4,811 40,000 35,279 5,000 4,268 29,585 4,000 3722 30,000 26,022 21,141 2,805 19,300 3,000 20,
Slide 15: Presence Across Value Chain in Flexible Packaging Environs
2.a Presence Across Value Chain in Flexible Packaging Environs Process Flow Diagram UFlex Presence Main Feedstock Key Downstream RM RM for films Packaging Flexible Packaging Business Aseptic films Business Packaging Ethylene MEG1 Business NGL Ink & Flexi-tubes, BOPP8 Ethane, vPET Resins Adhesives Li
Slide 16: Presence across all Verticals of Packaging Value Chain
2.b Presence across all Verticals of Packaging Value Chain Interconnected Strengths, Boundless Possibilities Resins Packaging films Intermediaries Flexible Packaging vPET Chips Film Grade Chemicals (inks and adhesives) BOPET films BOPP films vPET Chips Bottle Grade Holography CPP films Value Added f
Slide 17: PET Resins Products and Usage
2.1a PET Resins Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage vPET Chips vPET Chips rPET Chips rMLP Granules, 100% PCR film, Household Film Grade Bottle Grade Film Grade Mo
Slide 18: PET Chips Process Flow Diagram
2.1b PET Chips Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) PET Resin Process Flow Diagram Crude Oil Preforms Purifies PET Bottles Terephthalic Presence Acid (PTA) Petroleum Polymeriza
Slide 19: Packaging Films Products and Usage
2.2a Packaging Films Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage BOPET1 films Metallised films Pouches Tubes Printing / Lamination Release films Overwraps (CDs, Packaging
Slide 20: Film Manufacturing Process Flow Diagram
2.2b Film Manufacturing Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Film Manufacturing Process Flow Diagram BOPET Film Raw Material (vPET1 chips & rPET2 chips) Hooper Front-end Proces
Slide 21: Flexible Packaging Products and Usage
2.3a Flexible Packaging Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage Electron Beam and Food Products Personal Products Contraceptives Pharmaceutical Flexo Printed Flexible
Slide 22: Composition of Tubes and Pouches
2.3b Composition of Tubes and Pouches Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Tube Composition Pouch Composition PP/PE/MET CPP/MET PE Adhesive BON Adhesive FOIL/MET PET/MET BOPP Adhesive Ink PET/BOPP/
Slide 23: Asepto – Aseptic Liquid Packaging Products and Usage
2.4a Asepto – Aseptic Liquid Packaging Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Asepto Speed 25,000 - Automated Asepto Packaging Material Brick Packs, Trio Packs and Pillow
Slide 24: Asepto – Aseptic Liquid Packaging is a Six Layered Product
2.4b Asepto – Aseptic Liquid Packaging is a Six Layered Product Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Composition of 6 Layers of Asepto Carton How is an Aseptic Carton made BASE SLIM ULTRA
Slide 25: Chemical Products and Usage
2.5a Chemical Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage Radiation Curable Water-based (WB) Water-based Flexible Packaging Rigid Packaging Corrugation QSR Ink Products (
Slide 26: Water Base Adhesive & Coating Process Flow Diagram
2.5b Water Base Adhesive & Coating Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Process Flow Diagram – Water-based Adhesive & Coating Flexible Packaging Adhesive (Acrylic based, PVA ba
Slide 27: PU Adhesive Process Flow Diagram
2.5c PU Adhesive Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Process Flow Diagram – PU Adhesive PU SF/SB Glycols Adhesive Flexible Packaging Petroleum Crude Oil +Acids Diisocynate Rou
Slide 28: Inks Process Flow Diagram
2.5d Inks Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Process Flow Diagram – Inks Flexo Printing Machine Pigments PIGMENT RED 57:1 / Pigment Blue 15 / Pigment Yellow 13/Carbon Black R
Slide 29: Engineering Products and Application
2.6 Engineering Products and Application Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Application Packaging Machines Converting Machines Speciality Products Asepto Machines CI Flexo & Rotogravure Inspectio
Slide 30: Printing Cylinders Products and Usage
2.7 Printing Cylinders Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Printing Cylinders Composition Gravure Printing Cylinders Flexo Plates Flexo Elastomer Plates Rotogravure Cyl
Slide 31: Holography Products and Usage
2.8a Holography Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage Holographic films Textile Value Automobiles Hologram Pharmaceutical Ecommerce (Wide web films) Addition Produc
Slide 32: Holography Process Flow
2.8b Holography Process Flow Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Coating Flexible Packaging (for Holo. Embossing) Hologram Holography Carton Packaging film UV Holography Embossing Pharma Pack BOPP
Slide 33: Global Manufacturing Footprints
3.0 Global Manufacturing Footprints 16 Strategically Located State-of-art Manufacturing Facilities Across 5 Continents and 9 Countries Overall Global Capacity of 1 mn+ MTPA: Ready to deliver Anywhere in the World within 15 Days Americas India Plant Capacity (MTPA) Capacity Plant US 30,000 (MTPA) Mex
Slide 34: Integrated Manufacturing Capacities across Geographies
3.1a 1 Integrated Manufacturing Capacities across Geographies Extensive Suite of Products in Every Region We Operate Resins & Moulding Base Packaging films Specialty films Value Added Products (VAP) Locations 2,42,317 MTPA 6,18,160 MTPA 2,45,600 MTPA (Capacities Chemicals Aseptic Data as of vPET rPE
Slide 35: Historical Packaging Films Production across Geographies
3.1b Historical Packaging Films Production across Geographies Films Production Capacity (MTPA) Geographic Breakdown of Total Capacity, Production and Utilization as of March 31 Packaging film Production vol. (%) India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico FY20 FY21 FY22 FY23 FY24 FY24 FY
Slide 36: Packaging Films Production Volume across Geographies
3.1c Packaging Films Production Volume across Geographies Geographic % Contribution to Total Capacity, Production and Utilization Production Volume Change Packaging film Production vol. Q2 FY25 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 10% 7% 24% QoQ YoY 9% Capacity Q2 FY25 Production
Slide 37: Packaging and Chemicals Production Volume
3.1e Packaging and Chemicals Production Volume % Breakdown of Production Vol. by Capacity, Production and Utilization Production Volume Change Packaging Products & Chemicals Liquid Packaging Flexible Packaging Chemicals (Inks & Adhesives) Q2 FY25 25% 31% 45,218 MTPQ Capacity Q2 FY25 Production (Util
Slide 38: Localized Supply-Chain Results in Cost-Efficient Operations
3.2 Localized Supply-Chain Results in Cost-Efficient Operations Centralized Procurement in Major Production Facilities ➢ UFlex follows Year-long Volume Contract with the RM Suppliers while Prefers Spot-price for Supplying Finished Goods. This Results 01 in Lowest Manufacturing Costs, Operational Fle
Slide 39: Supremacy in Packaging Solutions Landscape
4.0 Supremacy in Packaging Solutions Landscape Aim to Create an Environment-friendly Sustainable Brand with Dedicated Efforts on Recycling, Re-use and Reducing Waste Business Business Requirements Industries Challenges ➢ Virgin and rPET Chips ➢ Packaging film Manufacturers ➢ Drinks and Beverages ➢ P
Slide 40: Enduring Customer Relationship
5.0 Enduring Customer Relationship Length of Customer Relationships Kolak Truda UPM American Dupont Nestle Snacks Foods P&G Pepsi Co Mondelez Bemis Amcor Huhtamaki Raflatac* Pkg Teijin films 8+ 8+ 8+ 5+ 7+ 10+ 8+ 9+ 6+ 9+ 8+ 9+ Our clients *Note: UPM is pioneer customer of 100% PCR Asclepius Films;
Slide 41: Proven Track Record in Financial Performance
6.0 Proven Track Record in Financial Performance UFlex Consolidated Revenues (Rs. Mn) UFlex Consolidated Normalized EBITDA (Rs. Mn) CAGR +16.1% +15.0% CAGR +10.2% +24.2% 155,363 147,845 22,680 132,368 135,098 20,680 20,000 17,834 H2 FY25 80,006 16,103 H2 FY25 89,149 10,965 74,316 10,924 H1 FY25 75,3
Slide 42: Project Plastic Fix: Paving the Way to a Circular, Greener and Sustainable Future
At UFlex, Circular Economy Innovations such as Packaging film: “ASCLEPIUS ”, Made of 100% rPET Chips and Injection Molding Items made from rMLP Granules, are Paving the Way for a More Sustainable and Greener Tomorrow. ➢ Vision of Circularity Project Plastic Fix: Paving ➢ ‘Project Plastic Fix’ Contin
Slide 43: Circular Vision of UFlex
7.1 Circular Vision of UFlex Extended Producer Responsibility (EPR) for Packaging Mechanism Collect Recycle/ Reuse Biodegrade Problem Solution Sustainable Space High C B Govt. Govt. EPR - Guidelines Circularity UFlex Project Plastic Fix Industry Compliance to EPR A Consumer Responsible Disposal Low
Slide 44: Extended Producer Responsibility Guidelines in India
7.2 Extended Producer Responsibility Guidelines in India Under Plastic Waste Management (Amendment) Rules, 2022, the Classification of Plastics is Defined Below: • Category I: Rigid Plastic Packaging. • Category II: Flexible Plastic Packaging of a Single Layer/Multilayer (more than one layer with di
Slide 45: Sustainability: 'Project Plastic Fix' Continues to Turn Waste into Wealth
7.3 Sustainability: ’Project Plastic Fix’ Continues to Turn Waste into Wealth 478 mn (6,638 MT) PET Bottles Recycled in FY24 385 mn (5,345 MT) PET Bottles Recycled in H1 FY25 6,964 MT of MLP waste recycled in FY24 and 3,773 MT in H1 FY25 741,936 units in FY24 and 309,507 units in H1 FY25 of Core Plu
Slide 46: Circularity Vision: Adaptation to a Material Sciences Enterprise
7.4 Circularity Vision: Adaptation to a Material Sciences Enterprise UFlex’s Four-fold Approach to Sustainable and Eco-friendly Packaging is a Key Unique Selling Proposition ✓ UFlex Group has been a Trendsetter when it comes to Sustainable Innovation and Commitment towards the ‘Circular Economy’. ✓
Slide 47: Innovative Ideas in Sustainable Re-Use
7.5 Innovative Ideas in Sustainable Re-Use Among the First in the World to Recycle Mixed Plastic Waste for which it earned Recognition at Davos Recycle Forum in 1995, Way Ahead of Peers from the Developed Economies Highlights of Initiatives Taken 01 ➢ PCR Recycling Infrastructure at Noida is utilize
Slide 48: Recyclable PET Life Cycle
7.6 Recyclable PET Life Cycle Crude Oil PTA Performs PET Bottles Consumers Garbage Garbage truck Pet / Polyester production + process PTA Monoetylene PET Film Glycol PET / Polyester Petroleum (MEG) PET Packaging Recycle PET PET Recycling UFlex buy Post – Waste Separation (rPET) Resins Production Con
Slide 49: Recycling Plants across Geographies
7.7 Recycling Plants across Geographies Global India Mexico Noida Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips 15,000 PCR PET Chips 10,020 rMLP Granules 6,000 rMLP Granules 9,600 Egypt Jammu Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips 18,000 rMLP Granul
Slide 50: Road Ahead
8.0 Road Ahead Goals Strategy Growth through Innovation to create a Packaging Continue to be the Enhanced ROCE Portfolio with Variety of Preferred Vendor through Asset Differentiating Products for Both Existing Efficiency Enhanced Speed-to-market and Prospective and Proximity to Clients Customers to
Slide 51: Financials
Financials
Slide 52: Consolidated Performance Snapshot – Q2 and H1FY25
Consolidated Performance Snapshot – Q2 and H1FY25 Q2FY25 H1FY25 Q2FY25 H1FY25 Revenue Capex Rs. 38,532 Mn Rs. 75,357 Mn Overall Rs. 4,128 Mn Overall Rs. 6,930 Mn (+4.6% QoQ, +13.7% YoY) (+13.0% YoY) Project Rs. 6,290 Mn Project Rs. 3,488 Mn Domestic: 45% Domestic: 44% International: 55% Internationa
Slide 53: Consolidated Performance Snapshot – FY24 and FY23
Consolidated Performance Snapshot – FY24 and FY23 FY24 FY23 FY24 FY23 Revenue Capex Rs. 135,098 Mn Rs. 147,845 Mn Rs. 16,348 Mn Rs. 12,777 Mn (-8.6% YoY) (+11.7% YoY) (+27.9% YoY) (+32.6% YoY) Domestic: 42% Domestic: 42% International: 58% International: 58% Net Debt Norm. EBITDA* Rs.16,103 Mn R
Slide 54: Consolidated Spotlight on Key Financials over the Years
Consolidated Spotlight on Key Financials over the Years Sales (Vol. MT) Revenue (Rs. Mn) Norm. EBITDA (Rs. Mn) and Margin Packaging Films Packaging Domestic International Films - Domestic Films - International 14.9% 20.5% 17.1% 14.0% 11.9% 12.0% 380,744 463,620 599,259 587,118 599,616 325,316 147,84
Slide 55: Consolidated Revenue Split
Consolidated Revenue Split Q2FY25: Revenue Split as % of Total Revenue Q2FY24: Revenue Split as % of Total Revenue Packaging, Packaging, 26.7% Packaging Packaging 30.9% films, 64.5% films, 59.4% Rs. 38,334 Rs. 33,694 Mn Engineering, Mn Engineering, 2.4% 1.9% Others VAP, Others VAP, 5.9% 5.3% Q2FY25:
Slide 56: Consolidated Revenue Split
Consolidated Revenue Split FY24: Revenue Split as % of Total Revenue FY23: Revenue Split as % of Total Revenue Packaging, Packaging, 28.5% Packaging 25.9% Packaging films, 60.2% films, 62.7% Rs. 133,636 Rs. 146,625 Mn Engineering, Mn Engineering, 2.2% 1.9% Others VAP, Others VAP, 7.9% 8.7% FY24: Geo
Slide 57: Consolidated P&L Summary
Consolidated P&L Summary Particulars (Rs. Mn) Q2 FY25 Q1 FY25 Q2 FY24 QoQ YoY H1 FY25 H1 FY24 YoY Total Revenue 38,532 36,825 33,895 4.6% 13.7% 75,357 66,677 13.0% Expenditure 34,409 32,422 29,836 6.1% 15.3% 66,831 59,581 12.2% Normalized EBITDA 4,383 4,652 4,081 (5.8%) 7.4% 9,035 7,295 23.9% Normal
Slide 58: Consolidated Balance Sheet
Consolidated Balance Sheet As on 30th As on 31st As on 30th As on 31st Particulars (Rs. Mn) Particulars (Rs. Mn) Sep 2024 Mar 2024 Sep 2024 Mar 2024 Assets Equity and Liabilities Non-current assets Equity Property, plant and equipment 74,207 76,598 Equity Share Capital 722 722 Capital work-in-progre
Slide 59: Consolidated Financial Overview (1/2)
Consolidated Financial Overview (1/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 EBITDA Margin 12.2% 12.1% 13.2% 13.8% 13.2% 12.6% 14.9% 20.5% 17.2% 12.7% 11.2% Normalized EBITDA Margin 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0% 11.9% PAT Margin 3.4
Slide 60: Consolidated Financial Overview (2/2)
Consolidated Financial Overview (2/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Net Debt to Equity 0.75 0.63 0.49 0.48 0.43 0.42 0.67 0.60 0.59 0.58 0.77 Net Debt to EBIDTA 2.97 2.58 1.99 1.95 1.91 1.79 2.83 1.82 1.72 2.34 3.68 Net Debt to Normalized 2.95 2.52 1.81
Slide 61: Consolidated Debt Profile
Consolidated Debt Profile Debt Breakdown Split of Total Debt as of Sep. 2024 Particulars (Rs. Mn) Sep-2024 Jun-2024 Mar-2024 Dec-2023 Long Term 54,952 52,040 49,620 49,101 Working Capital 14,477 15,040 15,065 14,550 Rs. 69,557 Working capital Short Term 128 2,266 2,511 2,164 Million 20.8% Tota
Slide 62: Capex Update
Capex Update ➢ Incurred Total Project Capex of Rs. 3,488 Mn during the Quarter, with Major Allocation to the Four Projects: Capex in Q2 FY25 a) Egypt: Rs. 1,081 Mn allocated for the virgin PET chips line with a capacity of 216,000 MTPA. b) Egypt: Rs. 547 Mn Allocated for the Aseptic Packaging Facili
Slide 63: Q2 FY25 EBITDA Bridge
Q2 FY25 EBITDA Bridge Normalized EBITDA Bridge (Q2FY24 vs Q2FY25) EBITDA Improvement led by Packaging film Volume Growth, Better Realizations and Strategic Product Mix. • Revenue Increased by 13.7% YoY and 4.6% QoQ, driven by Improved Pricing and Volume Growth in the Packaging film Business. • Impro
Slide 64: Q2 FY25 EBITDA to Normalized PAT
Q2 FY25 EBITDA to Normalized PAT EBITDA to Normalized PAT (Q2FY25) BASIC EPS Q2FY25 Weighted Av. No. of Shares (Mn) 72.2 Normalized Earnings per Share1 Rs 3.88 1. Normalized E arnings per Share based on Adjusted Net Income Excluding Exceptional items Related to Nigeria, Egypt & Mexico Currency Deval
Slide 65: H1 FY25 EBITDA Bridge
H1 FY25 EBITDA Bridge Normalized EBITDA Bridge (H1FY24 vs H1FY25) • Revenue increased by 13.0% YoY, Driven by Improved Better Price Realisation in Packaging films, Favourable Product-mix and 10.7% volume growth. • Improved Operating profit Driven by Volume growth, enhanced pricing and an improved pr
Slide 66: FY24 EBITDA Bridge
FY24 EBITDA Bridge Normalized EBITDA Bridge (FY23 vs FY24) EBITDA Contraction: Low Sales Prices, Revenue Strain, and Soaring COGS • Revenue decreased as a Result of Pricing Pressure Stemming from Demand-supply Mismatch in the BOPET and BOPP sectors. • Profit shrinkage was driven by revenue pressure
Slide 67: Shareholder Returns
Shareholder Returns ▪ Management’s Commitment to Shareholder Interests ▪ Delivering Tangible Returns to Shareholders through Dividends Dividend per Share (DPS Rs.) Manage Balance Sheet Effectively 3.5 3.2 3.0 3.0 2.7 2.5 2.5 Invest for Growth 2.0 2.0 2.0 Consistent 0.50 1.0 Returns to Shareholders F
Slide 68: Standalone Spotlight on Key Financials over the Year
Standalone Spotlight on Key Financials over the Year Sales (Vol. MT) Revenue (Rs. Mn) EBITDA (Rs. Mn) and Margin 14.8% 16.5% 11.9% 11.2% 11.6% 11.4% 258,220 68,170 231,757 66,516 209,693 57,206 194,802 176,846 46,554 7,701 38,430 7,660 7,618 41,524 132,557 6,797 6,164 4,384 FY20 FY21 FY22 FY23 FY24
Slide 69: Standalone P&L Summary
Standalone P&L Summary Particulars (Rs. Mn.) Q2 FY25 Q1 FY25 Q2 FY24 QoQ YoY H1 FY25 H1 FY24 YoY Revenue 19,690 18,741 16,506 5.1% 19.3% 38,430 33,218 15.7% EBITDA 2,152 2,233 1,681 (3.6%) 28.0% 4,384 3,737 17.3% EBITDA Margin (%) 10.9% 11.9% 10.2% (98 bps) 74 bps 11.4% 11.2% 16 bps Depreciation and
Slide 70: Product Innovation – Films
Product Innovation – Films B-TMA B-TLL B-TMS-M F-MRC-M Both side heat sealable BOPP Ultra Low Coefficient of Friction Metallized BOPP Film with BOPET film with a modified film for Pharmaceutical (COF) & Low Seal Initiation Excellent Metal Adhesion for release coating and metalized (Syringes) applica
Slide 71: Product Innovation – Flexible Packaging
Product Innovation – Flexible Packaging 3D POUCH WITH HANDLE INSIDE ELEPHANT EXTRA LONG ALSHALAN 2KG PUNJABI and JUTE GUSSET BAS/RICE 20 KG AMBER INNER ZIPPER ▪ A category first in Bio Fertilizer Sector: A ▪ 100% recyclable with reclosable open ▪ Zipper In Roll Form– Innovation offered first time fo
Slide 72: Product Innovation – Chemicals
Product Innovation – Chemicals Flexcote 985HF 200 for ALU FLEXCOAT FP BARRIER Flexgreen NW UV-LED Flexgreen HFS Screen Flex Cote application COAT UF009 Flexo Metallized BOPPInks Film with For Coating High performance Solvent-Based gem IML Application Foil Stamping (SB) Adhesive ▪ A polyurethane adhe
Slide 73: Appendix
Appendix
Slide 74: Management & Shareholders Information
➢ Management Team Management & ➢ Shareholding Pattern Shareholders Information ➢ Group Structure ➢ UFlex Values
Slide 75: Management Team
Management Team Professional Management with an Average Experience of > 25 Years in Business, Corporate, Project & Operational Excellence 41 35 Jeevaraj Gopal Pillai, Whole Time Director, Director - Sustainability, Ashok Chaturvedi, Chairman & Managing Director President - Flexible Packaging and New
Slide 76: Management Team
Management Team Professional Management with an Average Experience of > 25 Years in Business, Corporate, Project & Operational Excellence 30 28 Chandan Chattaraj, President, Human Resources (India and Global) Amit Shah, Joint President and Chief Marketing Officer, Flexible • Three Decades of Experie
Slide 77: Shareholding Pattern – September 2024
Shareholding Pattern – September 2024 Shareholding Historical Shareholding Pattern ( in %) Categories Sep ’23 Dec’23 Mar'24 Jun'24 Sep'24 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.36% FIIs, FPIs and FC 14.08 14.6 15.04 15.60 15.20 MF and AIF Promoter 0.27% Group CBO, Insurance and FI 15
Slide 78: UFlex Group Holding Structure
UFlex Group Holding Structure CORPORATE STRUCTURE Integrated Flexible Packaging Solution Provider Outside India India Sales & 68% Special Purpose Cultivation, 59.17% Internation Sales & Sales & Business Marketing Holding Vehicle for Freeze, Drying Plastic Films Holding al Holding Marketing- Marketin
Slide 79: Our Values
Our Values Socio-environmental Sutainability Trust & Respect Upholding that Society and Environment are Proactively Build Inclusive and Egalitarian Cornerstones for Sustainability, We support and Partnerships with all Stakeholders, through the Promote Inclusive Social Development and strive Virtues
Slide 80: Foreign Exchange Exposure
Foreign Exchange Exposure H1 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average USD 83.79 83.58 83.37 82.75 82.22 80.33 75.81 74.33 GBP 112.16 107.14 105.29 103.96 101.87 97.07 99.55 101.56 EURO 93.53 90.69 90.22 89.82 89.61 83.78 84.66 86.11
Slide 81: UFlex Limited
UFlex Limited Address: A – 107 - 108, Sector – IV, Noida - 201301 (U.P.), India. Phone No : +91 120 4012345 (30 Lines) Fax No.: +91 120 2556040 Corporate ID :L74899DL1988PLC032166 Website: www.uflexltd.com IR Contact Mr. Surajit Pal Mr. Manoj Pandey Email: investorrelations@uflexltd.com