Slide 1: Exchange cover letter on non-deal roadshow
UFLEX/SEC/2025/ March 3, 2025 The National Stock Exchange of India Limited The BSE Limited Exchange Plaza, 5th Floor Corporate Relationships Department Plot No. C/l, G-Block 1st Floor, New Trading Ring, Bandra-Kurla Complex Rotunda Building, P J Towers, Bandra (E), Dalal Street, Fort, Mumbai – 40005
Slide 2: Investor Presentation March 2025
UFLEX LIMITED INVESTOR PRESENTATION March 2025 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72.2mn as of Sep 30, 2024
Slide 3: 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 4: 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 5: India Packaging Landscape
India Packaging Landscape
Slide 6: 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 7: 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 8: 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 9: 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 Gradual uptick in rural EPR commitments to growth amidst global demand as urban lags promote sustainable challenges packaging 8
Slide 10: Macro Economic Environment
Macro Economic Environment Global Growth expected to remain Stable India Growth to remain robust at 6.4% in FY25e Real GDP Growth (YoY) 7.7 Real GDP Growth (YoY) 8.2 3.7 7.0 2.4 6.5 6.4 2.1 1.4 3.3 3.2 3.3 1.7 1.7 1.9 2.9 2.8 2.7 0.4 1.0 5.2 4.8 4.6 0.8 World Advanced US Euro Area China FY19 FY23 FY
Slide 11: Evolving Consumption Trends
Evolving Consumption Trends Recovery in both Value & Volume Growth 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 10.6% 9.9% 7.1% 7.9% 6.5% 6.8% 6.7% 6.6% 5.6% 7.2% 5.8% 6.2% 5.7% 3.9% 4.8% 5.0% 3
Slide 12: 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 13: 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 14: 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 15: India's Largest Flexible Packaging & Solutions Company (9M FY25)
1.b India’s Largest Flexible Packaging & Solutions Company 9M FY25 Consolidated Revenues 9M FY25 Consolidated EBITDA Rs. Mn Rs. Mn 120,000 113,100 16,000 14,242 14,000 100,000 12,000 80,000 10,000 60,000 53,299 8,000 7,098 6,336 6,411 43,370 5745 39,915 6,000 40,000 31,411 3,741 4,000 22,087 2,770 1
Slide 16: 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 P. Films Packaging Flexible Packaging Business Aseptic Films Business Packaging Ethylene MEG1 Business NGL Ink & Flexi-tubes, BOPP8 Ethane, vPET Resins Adhesives
Slide 17: 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 18: 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 Grade
Slide 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 34: Global Manufacturing Footprints
3.0 Global Manufacturing Footprints 16 State-of-the-Art Manufacturing Facilities Strategically Located 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)
Slide 35: 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 2,42,317 MTPA 6,18,160 MTPA 2,52,800 MTPA (Capacities Data as of Chemicals Asep
Slide 36: 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 37: 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. Q3 FY25 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 11% 24% 7% QoQ YoY Capacity Q3 FY25 Production (Ut
Slide 38: 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) Q3 FY25 24% 34% 45,916 MTPQ Capacity Q3 FY25 Production (Util
Slide 39: 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 40: 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 41: 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 42: 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 4Q FY25E 20,680 20,000 42,263 17,834 4Q FY25E 16,103 5,758 89,149 74,316 10,924 9M FY25 9M
Slide 43: 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 44: 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 45: 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 46: 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 618 mn (8,579 MT) PET Bottles Recycled in 9M FY25 6,964 MT of MLP waste recycled in FY24 and 5,942 MT in 9M FY25 741,936 units in FY24 and 490,868 units in 9M FY25 of Core Plu
Slide 47: 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 48: 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 49: 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 50: 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 51: 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 52: Financials
Financials
Slide 53: Consolidated Performance Snapshot – Q3 and 9MFY25
Consolidated Performance Snapshot – Q3 and 9MFY25 Q3FY25 9MFY25 Q3FY25 9MFY25 Revenue Capex Rs. 37,742 Mn Rs. 113,100 Mn (-2.0% QoQ, +12.8% YoY) (+13.0% YoY) Rs. 3,647 Mn Rs. 10,577 Mn Domestic: 47% Domestic: 45% International: 53% International: 55% Net Debt Norm. EBITDA* Rs. 5,207 Mn Rs.14,242 Mn
Slide 54: Consolidated Performance Highlights – Q3FY25
Consolidated Performance Highlights – Q3FY25 Revenue grew +12.8% YoY to Rs. 37,742 Mn in Q3 FY25, driven by strong growth in packaging films (+17.9% YoY) and the packaging business (+15.0% YoY). The packaging business rebounded with 15.0% YoY revenue growth in Q3 FY25, recovering from a -1.7% declin
Slide 55: 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 56: 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% 12.6% 380,744 463,620 599,259 587,118 599,616 482,352 14
Slide 57: Consolidated Revenue Split
Consolidated Revenue Split Q3FY25: Business-wise rev. split as a % of total rev. Q3FY24: Business-wise rev. split as a % of total rev. Packaging, Packaging, 27.2% 26.7% Packaging Packaging films, 63.9% films, 61.2% Rs. 37,347 Rs. 33,095 Million Engineering, Million Engineering, 2.0% 2.6% Others VAP,
Slide 58: Consolidated Revenue Split
Consolidated Revenue Split FY24: Business-wise rev. split as a % of total rev. FY23: Business-wise rev. split as a % of total rev. 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,
Slide 59: Consolidated P&L Summary - Q3 and 9MFY25
Consolidated P&L Summary - Q3 and 9MFY25 Particulars (Rs. Mn.) Q3 FY25 Q2 FY25 Q3 FY24 QoQ YoY 9M FY25 9M FY24 YoY Total Revenue 37,742 38,532 33,454 (2.0%) 12.8% 113,100 100,131 13.0% Expenditure 32,806 34,409 29,779 (4.7%) 10.2% 99,638 89,360 11.5% Normalized EBITDA 5,207 4,383 4,258 18.8% 22.3% 1
Slide 60: Consolidated Balance Sheet as of September 30, 2024
Consolidated Balance Sheet as of September 30, 2024 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 7
Slide 61: Consolidated Financial Overview (1/2)
Consolidated Financial Overview (1/2) 9M annu. 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% 11.9% Normalized EBITDA 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0% 11.9% 1
Slide 62: Consolidated Financial Overview (2/2)
Consolidated Financial Overview (2/2) 9M annu. 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 0.86 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 3.43 Net Debt to N
Slide 63: Consolidated Debt Profile
Consolidated Debt Profile Debt breakdown Split of gross debt as of Dec 2024 Particulars (Rs. Mn) Dec-2024 Sep-2024 Jun-2024 Mar-2024 Long Term 54,460 54,952 52,040 49,620 Working Capital 17,641 14,477 15,040 15,065 Rs. 72,241 Working capital Short Term 140 128 2,266 2,511 Long term debt Million 2
Slide 64: Capex Update
Capex Update ➢ Incurred total project capex of Rs 3,647 Mn during the quarter, with major allocation to the three projects: a) Egypt: Rs. 1,609 Mn for the aseptic packaging facility b) Rs. 1,303 Mn for the virgin PET chips line Capex in Q3 FY25 c) India: Rs 125 Mn allocated for the debottlenecking p
Slide 65: Q3 FY25 EBITDA Bridge
Q3 FY25 EBITDA Bridge Normalized EBITDA Bridge (Q3FY24 vs Q3FY25) EBITDA improvement led by healthy performance in the packaging films, holography and chemicals (inks & adhesives). Increase Decrease Total 4,289 114 4,936 271 5,207 (2,817) (1) (324) 3,675 EBITDA Q3FY24 Revenue COGS Power & fuel Emp.
Slide 66: Q3 FY25 EBITDA to Normalized PAT
Q3 FY25 EBITDA to Normalized PAT EBITDA to Normalized PAT (Q3FY25) BASIC EPS Q3FY25 4,936 Weighted Av. No. of shares (millions) 72.2 Normalized earnings per share1 Rs 15.40 (1,720) 257 1,729 1,473 1,368 (1,743) (361) 1,112 (257) D&A PBT (excl. excep.) PBT PAT Normalized PAT EBITDA Finance Costs Exce
Slide 67: 9M FY25 EBITDA Bridge
9M FY25 EBITDA Bridge Normalized EBITDA Bridge (9MFY24 vs 9MFY25) Increase Decrease Total 12,969 (7,299) (54) 780 14,242 (1,078) 13,462 (1,847) 10,771 Revenue Power & fuel Other exp. Exch. & der. EBITDA 9MFY24 COGS Emp. exp. EBITDA 9MFY25 Norm. EBITDA 9MFY25 • Revenue increased by 13.0% YoY, driven
Slide 68: FY24 EBITDA Bridge
FY24 EBITDA Bridge Normalized EBITDA Bridge (FY23 vs FY24) EBITDA Contraction: Low Sales Prices, Revenue Strain, and Soaring COGS Increase Decrease Total 18,785 968 16,103 9,046 1,614 15,135 (356) (1,207) (12,747) Revenue Power & Fuel Other Exps. Exch. & Derivatives EBITDA 2023 COGS Employee Exps. E
Slide 69: 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 70: 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% 57,979 258,220 197,561 68,170 231,757 66,516 209,693 57,206 194,802 6,922 176,846 46,554 7,701 7,660 7,618 41,524 6,797 6,164 FY20 FY21 FY22 FY23 FY24
Slide 71: Standalone P&L Summary - Q3 and 9MFY25
Standalone P&L Summary - Q3 and 9MFY25 Particulars (Rs. Mn.) Q3 FY25 Q2 FY25 Q3 FY24 QoQ YoY 9M FY25 9M FY24 YoY Revenue 19,549 19,690 16,589 -0.7% 17.8% 57,979 49,807 16.4% EBITDA 2,538 2,152 1,715 17.9% 48.0% 6,922 5,451 27.0% EBITDA Margin (%) 13.0% 10.9% 10.3% 210 bps 270 bps 11.9% 10.9% 100 bps
Slide 72: Product Innovation – Chemicals (Inks & Adhesives)
Product Innovation – Chemicals (Inks & Adhesives) Flexcure Flexgreen Flexcoat Flexbon Flexcote Flexcure PVC Structure & Flexgreen NW Texture Flexcoat Soft Touch Flexbon 801A/888C Flexcote AL 985/ HF Matt Coating Matt Base Coat Coating-1035 200 ▪ UV-curable Flexcure PVC ▪ The UV-LED curable ▪ Primari
Slide 73: Product Innovation – Flexible Packaging
Product Innovation – Flexible Packaging DetoXyFi Spout Pouch 50mm Dia Oval Tubes Gel Based Hair Dye Sachet Packaging for Frozen Food Innovative 10 Ltr Double Spout Commercialization of 50mm Dia Streax Gel Hair Colour 24 ml / Innovative laminate to prevent Pouch for a startup Oval Tubes – setting a n
Slide 74: Product Innovation – Films
Product Innovation – Films B-DSC-AA B-DSC-AL B-DSC-DA B-DSC-DL Both side Acrylic Coated BOPP Low SIT & Acrylic COATED High Barrier PVDC-Acrylic High Barrier PVDC Coated BOPP Film BOPP Film COATED BOPP Film Film ▪ Key properties: Outstanding heat ▪ Key properties: Low temperature ▪ Key properties: Ou
Slide 75: Product Innovation – Printing Cylinders
Product Innovation – Printing Cylinders Geometric Chevron Intricate Vines and Crocodile Skin Pattern Grid Weave Pattern Reptile Retreat Tangled Threads Design Embossed Tile Design Floral Design ▪ This pattern shows ▪ This pattern showcases ▪ Grid weave pattern ▪ This laser embossed ▪ Artificial leat
Slide 76: Appendix
Appendix
Slide 77: Management & Shareholders Information
➢ Management Team Management & ➢ Shareholding Pattern Shareholders Information ➢ Group Structure ➢ UFlex Values
Slide 78: 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 79: 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 80: Shareholding Pattern – December 2024
Shareholding Pattern – December 2024 Historical Shareholding Pattern ( in %) Shareholding Categories Dec’23 Mar'24 Jun'24 Sep'24 Dec'24 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.13% FIIs, FPIs and FC 14.6 15.04 15.60 15.20 15.51 MF and AIF Promoter Group 0.28% CBO, Insurance and FI 15.3
Slide 81: 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 82: 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 83: 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 84: Foreign Exchange Exposure
Foreign Exchange Exposure 9M FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average USD 85.62 83.86 83.37 82.75 82.22 80.33 75.81 74.33 GBP 107.46 107.67 105.29 103.96 101.87 97.07 99.55 101.56 EURO 89.09 90.67 90.22 89.82 89.61 83.78 84.66 86.11
Slide 85: 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