Uflex Limited · NSE:UFLEX
Uflex — Investor Presentation (June 2025)
83 slides from Uflex's investor presentation, Jun 17, 2025
Slide 1: Investor Presentation
UFLEX LIMITED INVESTOR PRESENTATION June 2025 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72.2mn as of Mar 31, 2025
Slide 2: An Overview
An Overview Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners 1985 17 Established Manufacturing Units 5000+ 1,313,510 MTPA1 Customer Base Global Capacity* Presence Across 150+ 10,000+ Workforce Countries 7bn+ 74,317 MTPA 5.4 bn+ 69,730 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 • Dharwad (India): Started with • Aseptic Packaging: a CPP/ a BOPET Lines. Annual Capacity Doubled 2022 2023 • Dubai: Added a CPP Line to 7 Bn Packs • Mexico: Added a PCR PET • Diversified into Chips Line Holography Business • Egypt :
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 P. Film Mkt Size 2017-2027: ‘000 MTPA Global BOPP2 P. Film Mkt Size 2016-2026: ‘000 MTPA CAGR % 2017-2022 2022-2027 CAGR % 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 6.04% 4.11% 12,814
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 STEADY FMCG SUSTAINABLE ECONOMIC DEMAND PACKAGING GROWTH Steady economic Rural outpaced urban EPR commitments to growth amidst global with govt welfare promote sustainable challenges schemes packaging 8
Slide 9: Macro Economic Environment
Macro Economic Environment Global Growth Slowdown amid Policy Shifts India to Maintain Strong 6.5% Growth in FY26F Real GDP Growth (YoY %) 7.7 Real GDP Growth (YoY %) 3.7 9.2 2.1 2.4 7.6 1.4 6.5 6.5 6.5 0.9 0.8 1.2 3.3 2.8 3.0 1.8 1.4 1.5 2.8 1.8 1.7 5.0 4.0 4.0 World Advanced US Euro Area China Eco
Slide 10: Evolving Consumption Trends
Evolving Consumption Trends Value on the Rise Despite Volume Moderation Volume: Rural continue to surpass Urban Growth Rainfall Status: -3% LPA (1st Oct’24 – 31st Dec’24) FMCG growth % FMCG volume growth % in Rural & Urban 9.2% 11.0% 8.4% 10.2% 7.2% 5.8% 5.3% 4.9% 6.5% 6.3% 6.1% 5.1% 4.2% 5.4% 3.6%
Slide 11: Pricing Trends of Packaging Films and Related Commodities
Jan-23 99.0 135.1 Feb-23 99.5 145.4 Mar-23 97.8 128.5 Apr-23 100.6 116.0 May-23 108.3 126.2 Jun-23 100.8 122.9 Jul-23 101.2 122.1 Aug-23 102.6 129.8 Sep-23 99.4 127.4 Oct-23 96.0 112.0 Nov-23 92.5 110.0 Dec-23 92.9 106.0 Jan-24 94.2 109.5 Feb-24 92.3 113.0 Mar-24 94.0 119.2 Apr-24 93.6 122.1 May-24
Slide 12: Investment Proposition
Investment Proposition Road Ahead India’s Largest Flexible Packaging Solutions Company Focused investments in aseptic packaging & WPP to drive The largest flexible packaging company, with Rs. 152 billion in revenue growth, higher profitability, and surplus cash flows. revenue and Rs. 19 billion in E
Slide 13: India’s Largest Flexible Packaging & Solutions Company
1 India’s Largest Flexible Packaging & Solutions Company FY25 Consolidated Revenues FY25 Consolidated EBITDA Rs. Mn Rs. Mn 160,000 151,838 20,000 19,024 18,000 140,000 16,000 120,000 14,000 100,000 12,000 80,000 10,000 69,806 8,448 8,795 7902 7,914 60,000 54,623 57,827 8,000 6,324 42,569 6,000 40,00
Slide 14: Presence across all Verticals of Packaging Value Chain
2.a Presence across all Verticals of Packaging Value Chain Process Flow Diagram UFlex Presence Main Feedstock Key Downstream RM RM for P. Films Packaging Flexible Packaging Business Aseptic Films Business Packaging Ethylene MEG1 Business NGL Ink & Flexi-tubes, BOPP8 Ethane, vPET Chips Adhesives Lids
Slide 15: 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 P . Films BOPP P. Films vPET Chips Bottle Grade Holography CPP P. Films Val
Slide 16: 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 P. Film, Household Film Grade Bottle Grade Film & Bot
Slide 17: 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 18: 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 P. Films Metallised P. Films Pouches Tubes Printing / Lamination Release Films Overwraps (CDs, Pac
Slide 19: Packaging Film Manufacturing Process Flow Diagram
2.2b Packaging 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 P. Film Raw Material (vPET1 chips & rPET2 chips) Hooper Fro
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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) Printing Cylinders Composition Products Gravure Printing Cylinders Flexo Plates Flexo Elastomer Plates Rotogravure Pri
Slide 30: 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 31: 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 32: Global Manufacturing Footprints
3.0 Global Manufacturing footprints 17 State-of-the-Art Manufacturing Facilities Strategically Located across 5 Continents and 9 Countries Overall Global Capacity of 1.3 mn+ MTPA: Ready to deliver Anywhere in the World within 15 Days Americas India Plant Capacity (MTPA) Capacity Plant US 30,000 (MTP
Slide 33: Integrated Manufacturing Capacities Across Geographies
3.1a 1 Integrated Manufacturing Capacities Across Geographies Extensive Suite of Products in Every Region We Operate Value Added Resins & Moulding Base Packaging Films Packaging Films Value Added Products (VAP) Locations 4,58,317 MTPA 6,36,160 MTPA 2,52,800 MTPA (Capacities Data as of Chemicals Asep
Slide 34: Packaging Films Production Volume across Geographies
3.1b Packaging Films Production Volume 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 FY21 FY22 FY23 FY24 FY25 FY25 FY25 P
Slide 35: 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. Q4 FY25 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 11% 6% 24% QoQ YoY Capacity Q4 FY25 Production (Ut
Slide 36: Packaging and Chemicals Production Volume
3.1d 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) Q4 FY25 21% 37% 45,798 MTPQ Capacity Q4 FY25 Production (Util
Slide 37: 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 38: 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 39: 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 40: 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 +15.4% ~+10.0% CAGR +11.7% ~+10.5% 167,000 151,838 22,680 147,845 21,000 132,368 135,098 20,680 19,024 17,834 16,103 89,149 74,316 10,924 10,165 2020 2021 2022 202
Slide 41: 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 42: 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 43: 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 44: 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 807 mn (11,203 MT) PET Bottles Recycled in FY25 6,964 MT of MLP waste recycled in FY24 and 8,220 MT in FY25 741,936 units in FY24 and 643,868 units in FY25 of Core Plug & Adap
Slide 45: 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 46: 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 47: 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 P. Film Glycol PET / Polyester Petroleum (MEG) PET Packaging Recycle PET PET Recycling UFlex buy Post – Waste Separation (rPET) Resins Production
Slide 48: 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 49: 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 50: Financials
Financials
Slide 51: Consolidated Performance Snapshot – Q4FY25 and Q4FY24
Consolidated Performance Snapshot – Q4FY25 and Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Revenue Capex Rs. 38,738 Mn Rs. 34,967 Mn (+2.6% QoQ, +10.8% YoY) (+4.5% QoQ, +3.0% YoY) Rs. 6,681 Mn Rs. 6,308 Mn Domestic: 46% Domestic: 43% International: 54% International: 57% Net Debt Norm. EBITDA* Rs. 4,782 Mn R
Slide 52: Consolidated Performance Snapshot – FY25 and FY24
Consolidated Performance Snapshot – FY25 and FY24 FY25 FY24 FY25 FY24 Revenue Capex Rs. 151,838 Mn Rs. 135,098 Mn (+12.4% YoY) (-8.6% YoY) Rs. 17,258 Mn Rs. 16,348 Mn Domestic: 45% Domestic: 42% International: 55% International: 58% Net Debt Norm. EBITDA* Rs.19,024 Mn Rs.16,103 Mn Rs. 68,432 Mn Rs.
Slide 53: Consolidated Performance Highlights – Q4FY25
Consolidated Performance Highlights – Q4FY25 Revenue increased to Rs. 38,738 million, a 10.8% YoY increase in Q4 FY25, driven by volume growth, right product mix, and pricing strategies across product categories. The key growth contributors in revenues are the Packaging business (14.4% YoY), Enginee
Slide 54: Consolidated Performance Highlights – FY25
Consolidated Performance Highlights – FY25 Revenue increased to Rs. 151,838 million, a 12.4% YoY growth, driven by 8.0% volume growth, an optimal product mix, and effective pricing strategies across categories. Annual revenue growth was led by 8.2% YoY growth in Packaging films, 11.4% in the Packagi
Slide 55: Consolidated Spotlight on Key Financials over the Years
Consolidated Spotlight on Key Financials over the Years Sales (Vol. MTPA) 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% 12.5% 380,744 463,620 599,259 587,118 599,616 647,499
Slide 56: Consolidated Revenue Split
Consolidated Revenue Split Q4FY25: Business-wise rev. split as a % of total rev. Q4FY24: Business-wise rev. split as a % of total rev. Packaging, 30.8% Packaging, Packaging 29.8% Packaging films, 58.8% Rs. 38,143 films, 60.0% Rs. 34,265 Million Engineering, Million Engineering, 3.5% 2.4% Others VAP,
Slide 57: Consolidated Revenue Split
Consolidated Revenue Split FY25: Business-wise rev. split as a % of total rev. FY24: Business-wise rev. split as a % of total rev. Packaging, Packaging, Packaging 28.3% 28.5% Packaging films, 62.3% films, 60.2% Rs. 150,361 Rs. 133,636 Mn Mn Engineering, Engineering, 2.2% 2.7% Others VAP, Others VAP,
Slide 58: Consolidated P&L Summary
Consolidated P&L Summary Particulars (Rs. Mn.) Q4 FY25 Q3 FY25 Q4 FY24 QoQ YoY FY25 FY24 YoY Total Revenue 38,738 37,742 34,967 2.6% 10.8% 151,838 1,35,098 12.4% Expenditure 34,012 32,806 30,603 3.7% 11.1% 133,649 1,19,963 11.4% Normalized EBITDA 4,782 5,207 4,550 (8.2%) 5.1% 19,024 16,103 18.1% Nor
Slide 59: Consolidated Balance Sheet as of March 31, 2025
Consolidated Balance Sheet as of March 31, 2025 As on 31st As on 31st As on 31st As on 31st Particulars (Rs. Mn) Particulars (Rs. Mn) Mar 2025 Mar 2024 Mar 2025 Mar 2024 Assets Equity and Liabilities Non-current assets Equity Property, plant and equipment 81,664 76,598 Equity Share Capital 722 722 C
Slide 60: Consolidated Financial Overview (1/2)
Consolidated Financial Overview (1/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBITDA Margin 12.2% 12.1% 13.2% 13.8% 13.2% 12.6% 14.9% 20.5% 17.2% 12.7% 11.2% 12.0% Normalized EBITDA 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0% 11.9% 12.5% Marg
Slide 61: Consolidated Financial Overview (2/2)
Consolidated Financial Overview (2/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 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 0.93 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 3.76 Net Debt to Normalized
Slide 62: Consolidated Debt Profile
Consolidated Debt Profile Debt Breakdown Split of Gross Debt as of Mar 2025 Particulars (Rs. Mn) Mar-2025 Dec-2024 Sep-2024 Jun-2024 Long Term 59,937 54,460 54,952 52,040 Working Capital and Working Capital and 21,223 17,781 14,605 17,306 Rs. 81,160 Short Term Short term debt Long term debt Million
Slide 63: Capex Update
Capex Update Capex in Q4 FY25 ➢ Incurred total project capex of Rs 6,681 million during the quarter, with major allocation to the three projects: a) Egypt: Rs. 2,903 Mn for the Aseptic packaging facility, b) Rs. 3,186 million for the WPP bag manufacturing unit in Mexico and c) India: Rs 140 million
Slide 64: Q4 FY25 EBITDA Bridge
Q4 FY25 EBITDA Bridge Normalized EBITDA Bridge (Q4FY24 vs Q4FY25) EBITDA improvement led by healthy performance in the packaging films and packaging segment. Increase Decrease Total 3,771 (2,144) (90) (480) 4,726 56 4,782 4,364 (695) EBITDA Q4FY24 Revenue COGS Power & fuel Emp. exp. Other exp. EBITD
Slide 65: Q4 FY25 EBITDA to Normalized PAT
Q4 FY25 EBITDA to Normalized PAT EBITDA to Normalized PAT (Q4FY25) 4,726 EPS Q4FY25 Weighted Av. No. of shares (millions) 72.2 Normalized earnings per share1 Rs. 13.66 (1,763) 700 1,819 1,686 (133) 1,119 (1,844) 986 (700) EBITDA D&A Finance Costs PBT (excl. excep.) Exceptional Items PBT Tax Expense
Slide 66: FY25 EBITDA Bridge
FY25 EBITDA Bridge Normalized EBITDA Bridge (FY24 vs FY25) Increase Decrease Total 16,740 (9,443) (143) (1,558) 18,188 836 19,024 15,135 (2,542) EBITDA FY24 Revenue COGS Power & fuel Emp. exp. Other exp. EBITDA FY25 Exch. & der. Norm. EBITDA FY25 • Revenue increased by 12.4% YoY, driven by driven by
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 3.0 2.7 2.5 2.5 Invest for Growth 2.0 2.0 2.0 Consistent 0.50 1.0 Returns to Shareholde
Slide 68: Standalone Spotlight on Key Financials over the Years
Standalone Spotlight on Key Financials over the Years Sales (Vol. MT) Revenue (Rs. Mn) EBITDA (Rs. Mn) and Margin 14.8% 16.5% 11.9% 11.2% 11.6% 11.9% 78,096 266,152 258,220 231,757 209,693 68,170 66,516 194,802 9,287 176,846 57,206 7,701 7,660 7,618 46,554 6,797 41,524 6,164 FY20 FY21 FY22 FY23 FY24
Slide 69: Standalone P&L Summary
Standalone P&L Summary Particulars (Rs. Mn.) Q4 FY25 Q3 FY25 Q4 FY24 QoQ YoY FY25 FY24 YoY Revenue 20,117 19,549 16,709 2.9% 20.4% 78,096 66,516 17.4% EBITDA 2,365 2,538 2,250 (6.8%) 5.1% 9,287 7,701 20.6% EBITDA Margin (%) 11.8% 13.0% 13.5% (122 bps) (171 bps) 11.9% 11.6% 31 bps Depreciation and 79
Slide 70: Product Innovation – Chemicals (Inks & Adhesives)
Product Innovation – Chemicals (Inks & Adhesives) FLEXCURE High Slip Digi FLEXCURE HF GR Gloss FLEXBOND FB DL–502 and FLEXPAK 5300 INKS Coating Coating FB DL–504 UV Digi Gloss Coating High Flexibility UV Coating Water Based Dry Thermoplastic Updates Lamination Adhesives Polyurethane Resin (TPR) ▪ Wa
Slide 71: Product Innovation – Flexible Packaging
Product Innovation – Flexible Packaging Jay Baba Bakreswar – ITC RTE Pouch Tube Laminate ITC Ltd - Savlon Farm House Rice Bag • UFlex in collaboration with ▪ ULP PET Pouches offer ▪ Silver and gold Metallica 280 ▪ UFlex has developed ITC developed sustainable convenient microwave micron: It consists
Slide 72: Product Innovation – Packaging Films
Product Innovation – Packaging Films F-ETS F-MEX-M B-TCM-M B-TDF B-HSA One side MST coated Metallized BOPET Film High barrier non heat Heat sealable transparent Transparent BOPET film Transparent BOPET film sealable metallized BOPP BOPP film ▪ The film has one side heat ▪ F-MEX-M film is available i
Slide 73: Product Innovation – Holography and Engineering
Product Innovation – Holography and Engineering Elevate Calendar Registered Transfer Matte Laser Sequins Film MT 1200 – C with Holographic QR Code Applications Mettalized Board with Subtle Holography Case Packer ▪ UFlex reintroduced a ▪ Introducing the Registered ▪ UFlex Holography introduces ▪ UFle
Slide 74: Appendix
Appendix
Slide 75: Management & Shareholders Information
➢ Management Team Management & ➢ Shareholding Pattern Shareholders Information ➢ Group Structure ➢ UFlex Values
Slide 76: 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 77: Management Team
Management Team Professional Management with an Average Experience of > 25 Years in Business, Corporate, Project & Operational Excellence 30 Chandan Chattaraj, President, Human Resources (India and Global) 28 Amit Shah, Joint President and Chief Marketing Officer, Flexible • Three Decades of Experie
Slide 78: Shareholding Pattern – March 2025
Shareholding Pattern – March 2025 Historical Shareholding Pattern ( in %) Shareholding Categories Mar'24 Jun'24 Sep'24 Dec'24 Mar’25 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.50% FIIs, FPIs and FC 15.04 15.60 15.20 15.51 15.14 Promoter MF and AIF Group 0.28% 44.58% CBO, Insurance and FI
Slide 79: UFlex Group Holding Structure
UFlex Group Holding Structure CORPORATE STRUCTURE Integrated Flexible Packaging Solution Provider Outside India India 68% Business Holding Special Purpose Cultivation, Plastic Films International Sales & Sales & Sales & 59.17% activities incl. Vehicle for Freeze, Drying Manufac. & Holding Marketing-
Slide 80: Auditors Information
Auditors Information Locations Auditors India Lodha & Co LLP & Vijay Sehgal & Co. Dubai Shah & Al-shamali Associates Egypt BDO, Khaled & Co Poland BDO USA Crowe LLP Mexico Gutierrez Saldivar & Asociados Hungary BDO Nigeria PKF CIS Unicon JSC Process Auditor for UFlex Limited Group Ernst & Young (EY)
Slide 81: 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 82: Foreign Exchange Exposure
Foreign Exchange Exposure FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average USD 85.58 84.54 83.37 82.75 82.22 80.33 75.81 74.33 GBP 110.74 107.98 105.29 103.96 101.87 97.07 99.55 101.56 EURO 92.32 90.63 90.22 89.82 89.61 83.78 84.66 86.11 MXN
Slide 83: 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