Uflex Limited · NSE:UFLEX
Uflex — Non-Deal Roadshow (December 2025)
80 slides from Uflex's roadshow presentation, Dec 8, 2025
Slide 1: Covering letter to stock exchanges
UFLEX/SEC/2025/ Date: 8th December, 2025 The National Stock Exchange of India Limited. The BSE Ltd. Exchange Plaza, 5th Floor Corporate Relationship Dept. Plot No. C/1, G Block 1st Floor, New Trading Ring Bandra –Kurla Complex Rotunda Bldg., P.J. Towers Bandra (E), Mumbai – 400 051 Dalal Street, Mum
Slide 2: Investor Presentation
UFLEX LIMITED INVESTOR PRESENTATION December 08, 2025 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72.2mn as of Sept. 30, 2025
Slide 3: An Overview
An Overview Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners 1985 17 Established Manufacturing Units 5000+ 1,351,910 MTPA1 Customer Base Global Capacity* Presence Across 150+ 10,000+ Workforce Countries 12bn 74,317 MTPA 5.4 bn+ 69,730 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 • 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 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 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 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 2025 2029F 2025F 2029F USA 30.5 ; (1.8%) USA 35.5 ; (2.2%) USA 89.1
Slide 9: Evolving End-Use Landscape of Packaging and Packaging Films
Evolving End-Use Landscape of Packaging and Packaging Films 01 02 03 STEADY FMCG SUSTAINABLE ECONOMIC DEMAND PACKAGING GROWTH GST 2.0 & inclement weather Steady economic slow FMCG demand; EPR compliance spurs Smaller packs drive vol. growth amidst global use of ‘Recycled growth; Rural volume challen
Slide 10: Macro Economic Environment
Macro Economic Environment Global Growth Slowdown amid Policy Shifts India to Maintain Robust 7.3% 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 7.3 6.5 6.5 0.9 1.0 1.2 3.3 3.0 3.1 1.8 1.5 1.6 2.8 1.9 2.0 5.0 4.8 4.2 World Advanced US Euro Area China Eco
Slide 11: Interplay of Inflation, Non-Durables, and FMCG in Packaging
Interplay of Inflation, Non-Durables, and FMCG in Packaging Value continues to outpace Volume Growth Rural outpaces Urban for 7th Straight Quarter; QoQ Dip Rainfall Status: +108% LPA (1st June ’25 – 30th Sep ’25) FMCG growth % FMCG volume growth % in Rural & Urban 9.1% 13.9% 8.3% 8.4% 12.9% 7.7% 10.
Slide 12: 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 13: 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 14: 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 151,838 19,024 69,806 8,795 7902 7,914 54,623 42,569 43,736 4,955 29,696 3,624 25,548 21,638 12,990 1,347 1,510 1,641 6,839 941 Cosmo Cosmo Nahar Poly Ester Nahar Poly Garware J
Slide 15: 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 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 P . Films BOPP P. Films vPET Chips Bottle Grade Holography CPP P. Films Val
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 P. Film, Household Film Grade Bottle Grade Film & Bot
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 P. Films Metallised P. Films Pouches Tubes Printing / Lamination Release Films Overwraps (CDs, Pac
Slide 20: 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 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 Standi Bags Food Products Personal Products Contraceptives Pharmaceutical Flexo Printed Flexible Lamin
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) Printing Cylinders Composition Products Gravure Printing Cylinders Flexo Plates Flexo Elastomer Plates Rotogravure Pri
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 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 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 Value Added Packaging Films Value Added Products (VAP) Locations 4,58,317 MTPA 6,36,160 MTPA 2,66,000 MTPA (Capacities Ultra Chemicals Aseptic D
Slide 35: Packaging Films Production Volume across Geographies
3.1b Packaging Films Production Volume across Geographies Geographic % contribution to total Capacity, Production and Utilization Production volume change packaging film production vol. Q2 FY26 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 12% 6% 27% QoQ YoY Capacity Q2 FY26 Production (Ut
Slide 36: Packaging Films Production Volume across Geographies
3.1c 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 37: 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) Q2 FY26 24% 32% 45,603 MTPQ Capacity Q2 FY26 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 +15.4% ~+5.0% CAGR +11.7% 159,430 151,838 22,680 147,845 135,098 20,680 ~ 18,000 132,368 19,024 17,834 - 18,500 81,602 16,103 89,149 9407- 10,924 9,907 74,316 H1FY
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: Project Plastic Fix Continues to Turn Waste into Wealth
7.3 Sustainability: 'Project Plastic Fix’ Continues to Turn Waste into Wealth 372 mn Post-Consumer PET Bottles Recycled in H1FY26 3,773 MT of MLP waste recycled in H1FY25 and 4,940 MT in H1FY26 100+ Product Variants, 6 Facilities Operational Since 1995 Marching Towards a Greener and Sustainable Tomo
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: Recycling Plants Across Geographies
7.7 Recycling Plants Across Geographies Global India Mexico Noida Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips PCR PET Chips (US FDA approved for food-contact 15,000 (US FDA & FSSAI approved for 10,020 applications) food-contact applications) rMLP Granules 6,000 rMLP Granules
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
Consolidated Performance Snapshot Q2FY26 H1FY26 Q2FY26 H1FY26 Revenue Capex Rs. 38,610 Mn Rs. 77,828 Mn (-1.6% QoQ, flat YoY) (+3.2% YoY) Rs. 4,897 Mn Rs. 9,014 Mn Domestic: 44% Domestic: 44% International: 56% International: 56% Net Debt Norm. EBITDA* Rs. 3,895 Mn Rs. 8,593 Mn Rs. 77,533 Mn Rs. 77,
Slide 52: Industry Trends
Industry Trends Domestic International ➢ Packaging SKUs1 and raw material (PET Chips/Films) ➢ Evolving U.S. tariff environment has created uncertainty, leading demand stayed subdued this quarter due to disruptions to cautious business sentiment, delayed purchase orders and caused by GST transition.
Slide 53: Consolidated Performance Highlights – Q2 and H1FY26
Consolidated Performance Highlights – Q2 and H1FY26 Revenue grew 3.2% YoY to Rs. 77,828 million in H1 FY26, supported by 2.0% YoY sales volume growth; however, Q2 FY26 revenue remained flat YoY at Rs 38,610 million reflecting lower sales volumes and softer realizations in Q2 FY26, particularly in th
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 20.5% 17.1% 14.0% 11.9% 12.5% 11.0% 463,620 599,259 587,118 599,616 647,499 331,665 14
Slide 55: Consolidated Revenue Split
Consolidated Revenue Split Q2FY26: Business-wise rev. split as a % of total rev. Q2FY25: Business-wise rev. split as a % of total rev. Packaging, 27.9% Packaging, Packaging Packaging 26.6% films, 63.0% Rs. 38,320 films, 64.3% Rs. 38,334 Million Engineering, Million 99.2% 99.3% Engineering, 2.9% 2.4%
Slide 56: 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% Rs. 150,361 films, 60.2% Rs. 133,636 Million Million Engineering, 99.1% Engineering, 98.9% 2.2% 2.7% O
Slide 57: Consolidated P&L Summary
Consolidated P&L Summary* Particulars (Rs. Mn.) Q2 FY26 Q1 FY26 Q2 FY25 QoQ YoY H1 FY26 H1 FY25 YoY Total Revenue 38,610 39,219 38,595 (1.6%) 0.0% 77,828 75,451 3.2% Expenditure 34,422 34,431 34,409 (0.0%) 0.0% 68,853 66,831 3.0% Normalized EBITDA 3,895 4,698 4,446 (17.1%) (12.4%) 8,593 9,128 (5.9%)
Slide 58: Consolidated Balance Sheet as of September 30, 2025
Consolidated Balance Sheet as of September 30, 2025 As on 30th As on 31st As on 30th As on 31st Particulars (Rs. Mn) Particulars (Rs. Mn) Sept 2025 Mar 2025 Sept 2025 Mar 2025 Assets Equity and Liabilities Non-current assets Equity Property, plant and equipment 84,290 81,664 Equity Share Capital 722
Slide 59: Consolidated Financial Overview (1/2)
Consolidated Financial Overview (1/2) H1FY26 Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 TTM 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% 12.0% Normalized EBITDA 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0%
Slide 60: Consolidated Financial Overview (2/2)
Consolidated Financial Overview (2/2) Key Financials H1FY26 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Ratios TTM 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 1.00 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 4.18 N
Slide 61: Consolidated Debt Profile
Consolidated Debt Profile Debt breakdown Split of gross debt as of Sep 2025 Particulars (Rs. Mn) Sep-2025 Jun-2025 Mar-2025 Dec-2024 Long Term 67,835 63,879 59,937 54,460 Working Capital and Working Capital and 44,725 22,027 21,223 17,781 Rs. 90,896 Short Term Short term debt Long term debt Million
Slide 62: Capex Update
Capex Update Capex in Q2 FY26 ➢ Incurred total capex of Rs ~4,897 million during the quarter, with major allocation to following three projects: a) Egypt: Rs. 1,173 million for the Aseptic packaging facility, b) Mexico: Rs. 761 million for the WPP bag manufacturing unit, and c) India-Noida: Rs. 380
Slide 63: 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 64: 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 16.5% 11.9% 11.2% 11.6% 11.9% 11.0% 40,334 78,096 4,436 231,757 266,152 258,220 209,693 68,170 66,516 194,802 190,347 9,287 57,206 7,701 7,660 7,618 46,554 6,797 FY21 FY22 FY23 FY24 FY25
Slide 65: Standalone P&L Summary
Standalone P&L Summary Particulars (Rs. Mn.) Q2 FY26 Q1 FY26 Q2 FY25 QoQ YoY H1 FY26 H1 FY25 YoY Revenue 19,579 20,755 19,690 (5.7%) (0.6%) 40,334 38,430 5.0% EBITDA 1,953 2,483 2,152 (21.3%) (9.2%) 4,436 4,384 1.2% EBITDA Margin (%) 10.0% 12.0% 10.9% (200 bps) (90 bps) 11.0% 11.4% (40 bps) Deprecia
Slide 66: Product Innovation – Chemicals (Inks & Adhesives) (1/2)
Product Innovation – Chemicals (Inks & Adhesives) (1/2) FLEXCOTE HSLV 1170/FL- FLEXCOTE RE 2250/ FLEXCOAT SOFT TOUCH FLEXCURE NW FLEXO SCRATCH- FLEXPAK 5300 OFF SILVER INK and COATING HF0200 FLEXCOTE 9081L COATING-1034 ▪ Developed a 2K solvent- ▪ Developed a 2K solvent-based ▪ A high-solid PU resin
Slide 67: Product Innovation – Chemicals (Inks & Adhesives) (2/2)
Product Innovation – Chemicals (Inks & Adhesives) (2/2) FLEX AQUALABLE INK CI FLEXGLIDE CTP INK CI FLEXSHEEN DP INKS ▪ Developed for surface printing ▪ NC-PU based non-toluene & ▪ NC-PU based non-toluene & application, these inks are non-ketone ink system non-ketone ink system suitable for narrow we
Slide 68: Product Innovation – Flexible Packaging
Product Innovation – Flexible Packaging Ginegar – Breathable cover New Packaging for New Gel Laminate Structure: Sutaria in Agricultural Field Based Hair Dye Foods Vakooz Healthy Snacks ▪ UFlex has been its first ▪ An innovative packaging ▪ Easy-peel top lid with MET- supplier, supplying 3MT solutio
Slide 69: Product Innovation – Packaging Films
Product Innovation – Packaging Films B-TVU-M C-CGB-M B-DSC-PA Outstanding Barrier Metallized Outstanding barrier Metallized CPP One side PVOH and Other Side BOPP Film film Acrylic Coated BOPP Film ▪ Metallized film offering superior ▪ High-barrier metallized CPP film ▪ A transparent BOPP film offeri
Slide 70: Product Innovation – Printing Cylinder (Laser Engraving Machine)
Product Innovation – Printing Cylinder (Laser Engraving Machine) Woven Starburst Pattern on Aluminum Composite Gikgo Leaves Pattern on Golden Python Glaze Laser Embossing Effect original leather Panels original leather Pattern on original leather ▪ Elegant and sophisticated ▪ The design features a t
Slide 71: Appendix
Appendix
Slide 72: Management & Shareholders Information
➢ Management Team Management & ➢ Shareholding Pattern Shareholders Information ➢ Group Structure ➢ UFlex Values
Slide 73: 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 74: 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 75: Shareholding Pattern – September 2025
Shareholding Pattern – September 2025 Historical Shareholding Pattern ( in %) Shareholding Categories Sep'24 Dec'24 Mar’25 Jun’25 Sep’25 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.15% FIIs, FPIs and FC 15.20 15.51 15.14 15.19 15.31 Promoter MF and AIF Group 0.28% 44.58% CBO, Insurance an
Slide 76: 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 & Investment Investment 59.17% activities incl. Vehicle for Freeze, Drying Manufac
Slide 77: Auditors Information
Auditors Information Locations Auditors India Lodha & Co LLP & Vijay Sehgal & Co. Dubai Shah & Al-shamali Associates Egypt BDO, Khaled & Co Poland KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. USA Crowe LLP Mexico Gutierrez Saldivar & Asociados Hungary BDO Nigeria PKF CIS Unicon JSC Proce
Slide 78: 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 79: Foreign Exchange Exposure
Foreign Exchange Exposure Q2 FY26 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average Closing Average USD to INR 88.79 87.52 85.58 84.54 83.37 82.75 82.22 80.33 75.81 74.33 GBP to INR 119.35 117.75 110.74 107.98 105.29 103.96 101.87 97.07 99.55
Slide 80: 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