Slide 1: Cover letter to stock exchanges on earnings call recording
UFLEX/SEC/2023/ August 17, 2023 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 – 4000
Slide 2: Earnings Presentation Q1 FY24
Earnings Presentation Q1 FY24
Slide 3: Index
03 Key Highlights 07 Key Milestones 11 Business at a Glance 17 Q1 FY24 Performance Review INDEX 21 Financial Performance Review 27 Sustainability 32 Management & Shareholders Information
Slide 4: Key Highlights
Key Highlights » Chairman’s Message » Financial and Business Highlights » Snapshot of Q1 FY24 Performance
Slide 5: Chairman's Message
Chairman’s Message Ashok Chaturvedi, Chairman and Managing Director, UFlex Ltd., stated, "FY24 has begun on the right note with packaging verticals delivering strong performances. Globally the packaging films business is facing headwinds due to high inflation in the US and European regions. In India
Slide 6: Financial and Business Highlights
Financial and Business Highlights Financial Highlights • Consolidated Revenue was INR 3,278 crores; decreased by 19% YoY and 3% QoQ due to ongoing headwinds in the packaging films. • Consolidated EBITDA was INR 304 crores; decreased by 58% YoY and 21% QoQ as commercialisation of the new capacities b
Slide 7: Snapshot of Q1 FY24 Performance
Snapshot of Q1 FY24 Performance Rs. 3,278 Cr. Rs. 304 Cr. 143,159 40% 60% Revenue by - Revenue by - Revenue EBITDA Sales (Vol’s MT) Packaging Films Global Serving 8 Presence in 10,000 + 2+ 150+ 5 Manufacturing Awards Won Global workforce continents Countries Countries UFlex Earnings Presentation Q1
Slide 8: Key Milestones
Key Milestones » Evolution & Growth » Global Presence » Value Chain
Slide 9: Evolution and Growth
Evolution and Growth Doubling of Added BOPET Aseptic Company went Film Line Packaging public (IPO) in Russia and Added capacity in Added expanded in Target Films Added 1st Added PET Expanded a BOPET Film Sanand, Flexible BOPET & CPP Poland Install BOPP Films Added into Film line in Gujarat Packaging
Slide 10: State-of-the-Art Manufacturing Infrastructure, 16 Facilities Across 9 Countries
UFlex has State-of-the Art Manufacturing Infrastructure with 16 Manufacturing Facilities Across 9 Countries Strategically Located Manufacturing Facilities Global Capacity of ~780,000 MTPA: Deliver Anywhere in the World Within 15 Days Americas India Capacity % Utilization Capacity % Utilization Plant
Slide 11: Business Presence throughout the Packaging Value Chain
Business Presence throughout the Packaging Value Chain Fully integrated player with presence across the entire value chain Packaging Film Business Flexible Packaging Business Aseptic Packaging Business Rotogravure Design PP Granules Holograms Converting Packaging Metalized films Cylinders & Poly Gra
Slide 12: Business at a Glance
Business at a Glance » Product Portfolio » Awards & Accolades » Product Innovation » Capex Strategy
Slide 13: Diversified Product Portfolio
Diversified Product Portfolio Packaging Films Flexible Packaging Holography Aseptic Liquid Packaging Printing Cylinders Packaging Rolls Engineering Chemicals (Ink & Adhesive) UFlex Earnings Presentation Q1 FY24 12
Slide 14: Awards and Accolades & Patents
Awards and Accolades & Patents Awards and Accolades: • UFlex was recognized as The Economic Times Sustainable Organization 2023 for its contribution towards sustainable development in the country. • Flex Films, UAE, has been recognized as The Economic Times Sustainable Organisation2023 for its contr
Slide 15: Product Innovation
Product Innovation Packaging Films Business Chemicals Business • High Barrier Alox (F-PSX) Film: F-PSX is a high-barrier • Flex Beam Shrink Sleeve Matt Opaque White: Flex Beam Shrink transparent BOPET film. The film has a protective printable Sleeve Matt Opaque White is an electron beam (EB) curable
Slide 16: Product Innovation
Product Innovation Flexible Packaging Business Engineering Business • Large format liquid pouches with spout, developed by • Rotary Horizontal High-Speed Form Fill and Seal Machine UFlex Flexible Packaging, demonstrates technological with Gripper: Over the last decade, the flexible packaging advance
Slide 17: Capex Update
Capex Update PET Chips Plant, Egypt PET Chips Plant, Panipat Backward integration project Backward integration project by setting up of a poly by setting up of a poly condensation plant through condensation plant through CP process to produce CP and SSP process to polyester chips. produce polyester
Slide 18: Q1 FY24 Performance Review
Q1 FY24 Performance Review » Financial Highlights – Standalone & Consolidated » Debt Profile
Slide 19: Standalone Financial Highlights
Standalone Financial Highlights Y–O–Y% Particulars (Rs Cr) Q1 FY24 Q4 FY23 Q1 FY23 FY23 FY22 FY23 over FY22 Revenue 1,671 1,687 1,696 6,817 5,721 19% EBITDA 206 232 205 762 679 12% EBITDA Margin (%) 12% 14% 12% 11% 12% - Depreciation 73 67 65 262 253 4% Finance Cost 60 57 40 183 155 18% Profit Befor
Slide 20: Consolidated Financial Highlights
Consolidated Financial Highlights Y–O–Y% Particulars (Rs Cr) Q1 FY24 Q4 FY23 Q1 FY23 FY23 FY22 FY23 over FY22 Revenue 3,278 3,394 4,046 14,784 13,237 12% EBITDA (Before Exchange 321 422 763 2,068 2,279 (9%) Fluctuation) EBITDA Margin (%) (Before 10% 12% 19% 14% 17% - Exchange Fluctuation) EBITDA 304
Slide 21: Debt Profile
Debt Profile Debt Breakdown Split of Long-Term Debt Particulars Rs Cr Long Term 4,764 Working Capital 1,122 Domestic 41% Overseas 59% Short Term 143 Total Debt 6,030 Net Debt 4,447 Overseas Domestic Key Lenders Qatar National Bank BBVA State Bank of India J&K Woori UniCredit Bank IFCI Limited RBL Co
Slide 22: Financial Performance Review
Financial Performance Review » Standalone & Consolidated Financial » Consolidated Financial Overview
Slide 23: Standalone Financial Performance
Standalone Financial Performance Sales (Vol’s MT) Revenue (Rs Cr) EBITDA (Rs Cr) 15% 16% 12% 11% 12% 2,31,757 63,997 2,09,693 1,94,802 1,76,846 6,817 1,671 5,721 766 762 4,655 206 680 4,152 616 FY20 FY21 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23 Q1FY24 EBITDA Margin PAT (Rs Cr)
Slide 24: Consolidated Financial Performance
Consolidated Financial Performance Sales (Vol’s MT) Revenue (Rs Cr) EBITDA (Rs Cr) 14.9% 20.5% 17.2% 14.0% 10.0% 143,159 5,99,259 5,87,118 14,784 4,66,390 13,237 2,280 2,068 3,80,744 1,827 3,278 8,915 1,109 7,432 304 FY20 FY21 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23 Q1FY24 EB
Slide 25: Consolidated Financial Overview
Consolidated Financial Overview Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 EBITDA Margin 12% 12% 13% 13% 13% 13% 15% 20% 17% 14% PAT Margin 3% 4% 5% 5% 5% 4% 5% 9% 8% 3% Net Debt to Equity 0.78 0.65 0.52 0.51 0.47 0.44 0.69 0.62 0.60 0.59 Net Debt to EBIDTA 3.08 2.69 2.1
Slide 26: Sustainability
Sustainability » CSR Activities » Research and Development » ESG and Sustainability
Slide 27: Build Circularity in Multi-Layered Plastics Packaging
Build Circularity in Multi-Layered Plastics Packaging Mr. Ashok Chaturvedi, Chairman and Managing Director, UFlex Ltd., shared his insights to build circularity in multi-layered plastics packaging at the Alliance to End Plastic Waste (AEPW) board meeting, held on November 30, 2022, at the New York S
Slide 28: One of the First in the World to Recycle Mixed Plastic Waste
One of the First in the World to Recycle Mixed Plastic Waste 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 other companies from developed economies Highlights of Initiatives Taken Recycling 01 ➢ PCR & PCPR Rec
Slide 29: Sustainability at UFLEX
Sustainability at UFLEX THE ULTIMATE DESTINATION SUSTAINABILITY INITIATIVES TOWARDS GREEN PACKAGING ❖ UFlex Group has been a trendsetter when it comes to sustainable ❖ Ensuring 100% Recyclability of Multi-Layer Packaging with RELAM 250 recycling machine innovation and commitment towards the ‘Circula
Slide 30: Sustainability Initiatives Towards Green Packaging
Sustainability Initiatives Towards Green Packaging Sustainability at UFLEX Converting its Waste Plastic into Fuel with UFlex’ Pyrolysis Plant Asclepius™ Green Packaging Film by UFlex to Create a Circular Economy UFlex commissioned its Pyrolysis Plant at its Noida facility in October 2018, earning it
Slide 31: Management & Shareholders Information
Management & Shareholders Information » Management Team » Shareholding Pattern » Auditors Information
Slide 32: High Performing Team
High Performing Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence 41 36 Jagmohan Mongia, Whole-time Director, Packaging Films Ashok Chaturvedi, Chairman & MD First Generation Entrepreneur and the Founder Promoter of UFlex G
Slide 33: High Performing Team
High Performing Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence 42 Ajay Tandon, President- Engineering, Product Development 28 Mr. Ajay Tandon is a Mechanical Engineer and has been associated with UFlex for Amit Shah, Joi
Slide 34: Shareholding Pattern – June 2023
Shareholding Pattern – June 2023 Historical Shareholding Pattern ( in %) Categories June ‘22 Sep ‘22 Dec ‘22 Mar ’23 June ’23 44.58 Promoter Group 44.58 44.58 44.58 44.58 44.58 25.63 FII's and FPI's 14.66 16.23 15.91 14.83 14.68 0.17 CBO, Insurance and FI 14.43 14.14 13.88 14.36 14.94 14.94 MF and A
Slide 35: Auditors Information
Auditors Information Locations Auditors India MSKA & Associates (BDO) & Vijay Sehgal & Co. Dubai Shah & Al-shamali Associates Egypt MSKA & Associates (BDO) Poland Ernst & Young (EY) USA Crowe LLP Mexico GS&A Hungary Leitner Leitner Nigeria PKF Accountants & business advisers Russia MSKA & Associates
Slide 36: Contact Us
Contact Us 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 Email: investorrelations@uflexltd.com Website: www.uflexltd.com Disclaimer No representation or warranty, exp