Uflex Limited · NSE:UFLEX
Uflex — Dolat Capital Conference 2024
83 slides from Uflex's conference presentation, Sep 17, 2024
Slide 1: Exchange filing cover letter
UFLEX/SEC/2024/ September 17, 2024 The National Stock Exchange of India The BSE Limited Limited Corporate Relationships Exchange Plaza, 5th Floor 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 – 4
Slide 2: Investor Presentation
UFLEX LIMITED INVESTOR PRESENTATION September 2024 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72mn as of Jun 30, 2024
Slide 3: An overview
An overview Rich legacy of 40 years providing packaging solutions to our partners 1985 16 Established Manufacturing units 5000+ 1,073,690 MTPA1 Customer base global capacity* Presence across 150+ 10,000+ Workforce countries 7bn+ 72,300 MTPA 5.4 bn+ 64,330 MTPA 300 mn+ 1,090 mn+ PCR PET2 bottles Chem
Slide 4: Journey so far: Growing as a global player in flexible packaging
Journey so far: Growing as a global player in flexible packaging Added films capacity Hungary (BOPP) , Doubling of Aseptic Packaging Nigeria (BOPET) 2021 2022 capacity in Sanand, Gujarat to 7 Bn & expanded Egypt Packs per year Diversified into (BOPP – Line 2); Holography business Added CPP & BOPET f
Slide 5: India packaging landscape
India packaging landscape
Slide 6: Packaging market size
Packaging market size Revenue in $ billion, Packaging market, Global, 2016-2027 Revenue in $ billion, Packaging market, India, 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%
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: Growth potential: Flexible packaging and films
Growth potential: Flexible packaging and films GDP per capita Consumption GDP @current Other Other @current price Per Capita of Product Product Population price Types , Types , Country (US$ per virgin polymer (Million) 2024 (Trillion US$) 25, 12% Pouches, 3.1, 14% capita) 2021-22 62, 30% 2024 Pouche
Slide 9: Evolving business landscape
Evolving business landscape 01 02 03 STEADY FMCG COMMODITY ECONOMIC DEMAND PRICE TREND GROWTH Steady economic Gradual uptick in rural Raw material prices growth amidst global demand surge in Q1 FY25, challenges normalized by August 8
Slide 10: Macro economic environment
Macro economic environment Global outlook resilient although with some moderation India continues to sustain its momentum Real GDP growth (YoY) 7.7 Real GDP growth (YoY) 8.2 3.7 7.2 2.4 7.0 2.1 6.5 1.4 3.3 3.2 1.7 1.7 2.5 2.6 0.5 0.9 5.2 5.0 World Advanced US Euro Area China Economies FY19 FY23 FY24
Slide 11: Evolving consumption trends
Evolving consumption trends Steady growth in both consumption value & volume Rising rural consumption Rainfall status: +7% LPA (1st Jun’24 – 28th Aug’24) FMCG growth % FMCG volume growth % in Rural & Urban 12.2% 10.2% 10.1% 10.2% 9.0%8.6% 7.5% 7.6% 6.6%6.5% 6.9% 6.0%6.4% 6.4% 5.8% 5.7% 5.2% 4.0% 3.1
Slide 12: Commodity price trends
Commodity price trends Commodity prices surged during the quarter Commodity prices surge in Q1 FY25, Normalize by August PTA, MEG, PTA MEG MELT and Brent crude price trends Commodity price change 122.7 13 117.3 113.3 125 111.9 Q1’25 vs. Q4’24 Q1’25 vs. Q1’24 Q1’25 vs. Q1’23 104.6 100.5 11 97.1 93.7
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 f
Slide 14: India's largest flexible packaging & solutions company
1 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 26,5
Slide 15: Presence across all verticals of packaging value chain
2 Presence across all verticals of packaging value chain Process flow diagram Main feed stock Key downstream RM RM for films Packaging Flexible packaging business Aseptic films business packaging Ethylene MEG1 business NGL Ink & Flexi-tubes, BOPP8 Ethane, vPET resins Adhesives Lids and pouches BOPET
Slide 16: Presence across all verticals of packaging value chain
2 Presence across all verticals of packaging value chain Holography Resins Offer services of: Anti-counterfeiting, brand Producer of virgin PET chips (films & bottles grade), aesthetics, textile value addition and brand recycled PET chips (films ), recycled MLP granules protections Printing cylinder
Slide 17: PET Resins products and usage
2.1a PET Resins products and usage Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Products Usage vPET chips vPET chips rPET chips rPET MLP 100% PCR content Household film grade bottle grade film grade granul
Slide 18: PET chips process flow diagram
2.1b PET chips process flow diagram Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) PET resin process flow diagram Crude oil Preforms Purifies PET Bottles Terephthalic Acid (PTA) Petroleum Polymerization PET
Slide 19: Packaging films products and usage
2.2a Packaging films products and usage Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Products Usage BOPET1 films Metallised films Pouches Tubes Printing & lamination Release films Overwraps (CDs, Packaging
Slide 20: Film manufacturing process flow diagram
2.2b Film manufacturing process flow diagram Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Film manufacturing process flow diagram BOPET film raw material (vPET1 chips & rPET2 chips) Hooper Front-end proces
Slide 21: Flexible packaging products and usage
2.3a Flexible packaging products and usage Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Products Usage Electron beam and Food products Personal products Contraceptives Pharmaceutical Flexo printed rolls Fl
Slide 22: Composition of tubes and pouches
2.3b Composition of tubes and pouches Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Tube composition Pouch composition 1. polyethylene terephthalate (PET); 2. Ethylene vinyl alcohol (EVOH); 5. Silicon oxide
Slide 23: Asepto - Aseptic liquid packaging products and usage
2.4a Asepto - Aseptic liquid packaging products and usage Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders 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 Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders 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 Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Products Usage Radiation curable Water-based(WB) Water-based Ink products Laminating and coating in Folding & mono cartons ink
Slide 26: Water base adhesive & coating process flow diagram
2.5b Water base adhesive & coating process flow diagram Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Process flow diagram – Water base adhesive & coating Flexible packaging Adhesive (Acrylic based, PVA bas
Slide 27: PU adhesive process flow diagram
2.5c PU adhesive process flow diagram Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders 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 Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders 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 Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Application Packaging machines Converting machines Specialty products Asepto machines CI Flexo & Rotogravure Inspection
Slide 30: Printing Cylinders products and usage
2.7 Printing Cylinders products and usage Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Products Printing cylinders composition Gravure Printing Cylinders Flexo Plates Flexo Elastomer Plates Rotogravure Cyl
Slide 31: Holography products and usage
2.8a Holography products and usage Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders 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 Chemicals Packaging Flexible Aseptic liquid Printing Resins (inks and Engineering Holography films packaging packaging cylinders adhesives) Coating Flexible packaging (for Holo. Embossing) Hologram Holography Carton packaging film UV Holography Embossing Pharma pack BOPP
Slide 33: Global manufacturing footprints
3.0 Global manufacturing footprints 16 Strategically located state-of-art manufacturing facilities across 5 continents and 9 countries Overall global capacity of 1 million+ MTPA: ready to deliver anywhere in the world within 15 days Americas India Plant Capacity (MTPA) Capacity Plant US 30,000 (MTPA
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 & molding Base packaging films Value add. p. films Value added products Locations 2,40,300 MTPA 6,18,160 MTPA 2,45,600 MTPA (Capacities Chemicals Aseptic data as of vPET rPET r
Slide 35: Historical packaging films production across geographies
3.1b Historical packaging films production across geographies Films production capacity (MTPA) Geographic breakdown of total Capacity, Production and Utilization as of March 31 packaging film production vol. (%) India Dubai Egypt Nigeria Russia Poland Hungary USA Mexico FY20 FY21 FY22 FY23 FY24 FY24
Slide 36: Packaging Films Production Volume Across Geographies
3.1c Packaging Films Production Volume Across Geographies Geographic breakdown of total Capacity, Production and Utilization Production volume change packaging film production vol. (%) Q1 FY25 India Dubai Egypt Nigeria Russia Poland Hungary USA Mexico 11% 22% 7% Capacity Q1 FY25 Production (Utilizat
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) Q1 FY25 22% 47,239 38% MTPQ Capacity Q1 FY25 Production (Util
Slide 38: Localized supply-chain results in cost-efficient operations
3.2 Localized supply-chain results in cost-efficient operations Centralized procurement in major production facilities ➢ UFlex follows year-long volume contract with the RM suppliers while prefers spot-price for supplying finished goods. This results in 01 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 challenges Business requirements Industries ➢ Virgin and recycled PET chips ➢ Packaging film manufacturers ➢ Drinks and bever
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 total revenues UFlex normalized EBITDA Rs. Mn Rs. Mn 160000 30000 CAGR +16.1% CAGR +10.2% 140000 147,845 135,098 25000 132,368 120000 22,680 Consolidated revenues Consolidated EBITDA 20000 20,680 100000 17,834 80000 89,149 15000 16,103 74,316 60
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% PCR PET (rPET) chips, and injection molding items made from recycled MLP granules, are paving the way for a more sustainable and greener tomorrow. ➢ Vision of circularity Project Plastic Fix: Paving ➢ ‘Project
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 6,638 MT PCR PET bottle trash or 478 million PET bottles recycled in FY24 2,569 MT PCR PET bottle trash or 185 million PET bottles recycled in Q1 FY25 6,964 MT and 2,027 MT MLP waste recycled in FY24 & Q1 FY25 respectively
Slide 46: Circularity vision: Adaptation to a material sciences enterprise
7.4 Circularity vision: Adaptation to a material sciences enterprise UFlex’s four-fold approach to sustainable and eco-friendly packaging is a key unique selling proposition ✓ UFlex Group has been a trendsetter when it comes to sustainable innovation and commitment towards the ‘Circular Economy’. ✓
Slide 47: Innovative ideas in sustainable re-use
7.5 Innovative ideas in sustainable re-use Among the first in the world to recycle mixed plastic waste for which it earned recognition at Davos Recycle Forum in 1995, way ahead of peers from the developed economies Highlights of initiatives taken 01 ➢ PCR recycling infrastructure at Noida is utilize
Slide 48: Recyclable PET Life Cycle
7.6 Recyclable PET Life Cycle Crude oil PTA Performs PET bottles Consumers Garbage Garbage truck Pet / Polyester production + PET Film process PTA Monoetylene Glycol PET / Polyester Petroleum (MEG) PET packaging Recycle PET PET Recycling UFlex buy Post – Waste Separation (rPET) resins Production Con
Slide 49: Recycling plants across geographies
7.7 Recycling plants across geographies Global India Mexico Noida Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips 15,000 PCR PET Chips 9,600 rMLP Granules 6,000 rMLP Granules 6,000 Egypt Jammu Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips 18,000 rMLP Granule
Slide 50: Road ahead
8.0 Road ahead Goals Strategy Growth through innovation to create a packaging Continue to be the Enhanced ROCE portfolio with variety of preferred vendor through asset differentiating products for both existing efficiency Enhanced speed-to- and prospective market and proximity to clients customers t
Slide 51: Financials
Financials
Slide 52: Performance snapshot
Performance snapshot Q1FY25 FY24 Q1FY25 FY24 Revenue Capex Rs. 36,825 Mn Rs. 135,098 Mn Rs. 2,802 Mn Rs. 16,348 Mn (+5.3% QoQ, +12.3% YoY) (-8.6% YoY) EBITDA Rs. 4,403 Mn Rs. 15,135 Mn Net Debt (+0.9% QoQ, +45.0% YoY) (-19.4% YoY) +12.0% Margin +11.2% Margin Rs. 56,675 Mn Rs. 55,686 Mn (-52bps QoQ,
Slide 53: Spotlight on Key Financials over the year (consolidated)
Spotlight on Key Financials over the year (consolidated) Sales (Vol. MT) Revenue (Rs Mn) Norm. EBITDA (Rs Mn) and Margin Packaging Business Packaging Films Business Domestic International 14.7% 20.0% 17.1% 14.0% 11.9% 12.6% 599,259 587,046 599,616 147,845 132,368 135,098 466,390 380,744 89,149 58% 7
Slide 54: Revenue split (consolidated)
Revenue split (consolidated) FY24: Revenue split as % of total revenue FY23: Revenue split as % of total revenue Packaging, Packaging, 28.5% Packaging 25.9% Packaging films, 60.2% films, 62.7% Rs. 1,33,636 Rs. 1,46,625 Million Engineering, Million Engineering, 2.2% 1.9% Others VAP, Others VAP, 7.9%
Slide 55: Revenue split (consolidated)
Revenue split (consolidated) Q1FY25: Revenue split as % of total revenue Q1FY24: Revenue split as % of total revenue Packaging, 28.5% Packaging, Packaging Packaging 31.2% films, 62.3% Rs. 36,538 films, 60.4% Rs. 32,583 Million Engineering, Million Engineering, 2.7% 2.1% Others VAP, Others VAP, 5.9%
Slide 56: Consolidated P&L summary
Consolidated P&L summary Particulars (Rs. Mn.) Q1 FY25 Q4 FY24 Q1 FY24 QoQ YoY FY24 FY23 YoY Total Revenue 36,825 34,967 32,782 5.3% 12.3% 1,35,098 147,845 (9%) EBITDA 4,403 4,364 3,037 0.9% 45.0% 15,135 18,785 (19%) EBITDA Margin (%) 12.0% 12.5% 9.3% (50 bps) 270 bps 11.2% 12.7% (150 bps) Depreciat
Slide 57: Consolidated balance sheet
Consolidated balance sheet As on 31st As on 31st As on 31st As on 31st Particulars (Rs. Mn.) Particulars (Rs. Mn.) March 2024 March 2023 March 2024 March 2023 Assets Equity and Liabilities Non-current assets Equity Property, plant and equipment 76,598 72,113 Equity Share Capital 722 722 Capital work
Slide 58: Consolidated financial overview (1/2)
Consolidated financial overview (1/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 EBITDA Margin 12.2% 12.1% 13.2% 13.8% 13.2% 12.6% 14.9% 20.5% 17.2% 12.7% 11.2% Normalized EBITDA margin 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0% 11.9% PAT Margin 3.4
Slide 59: Consolidated financial overview (2/2)
Consolidated financial overview (2/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Net Debt to Equity 0.78 0.65 0.51 0.50 0.44 0.42 0.67 0.61 0.59 0.59 0.78 Net Debt to EBIDTA 3.08 2.68 2.08 2.01 1.95 1.80 2.84 1.84 1.74 2.34 3.73 Net Debt to Normalized 3.07 2.62 1.89
Slide 60: Debt profile
Debt profile Debt breakdown Split of total debt as of June 2024 Particulars (Rs. Mn) Jun-2024 Mar-2024 Dec-2023 Sep-2023 Long Term 52,040 49,620 49,101 47,894 Working Capital 15,040 15,065 14,550 12,701 Rs. 69,346 Working capital Short Term 2,266 2,511 2,164 1,592 Million 22% Total Debt 69,
Slide 61: Capex update
Capex update Investing in future Capex in Q1 FY25 Incurred total Capex of Rs 2,802 Mn during the quarter, with two projects accounting for major portion ➢ a) Egypt: Rs. 1,145 million was allocated for developing a virgin PET chips line with a capacity of 2,16,000 MTPA. b) Rs. 1,194 million was alloc
Slide 62: Q1 FY25 EBITDA bridge
Q1 FY25 EBITDA bridge Normalized EBITDA Bridge (Q1FY24 vs Q1FY25) Robust EBITDA growth: strong volume growth, improved realization and a better product mix • Revenue increased by 12.3% YoY and 5.3% QoQ, driven by improved pricing and robust volume growth in the packaging film business. • Strong oper
Slide 63: Q1 FY25 EBITDA to normalized PAT
Q1 FY25 EBITDA to normalized PAT EBITDA to Normalized PAT (Q1FY25) BASIC EPS Q1FY25 Weighted Av. No. of shares (millions) 72.2 Normalized earnings per share1 Rs 11.4 1. Normalized earnings per share based on adjusted net income excluding Exceptional items related to Nigeria, Egypt & Mexico currency
Slide 64: Dividends: Consistent shareholder returns
Dividends: Consistent shareholder returns ▪ Management's commitment to shareholder interests ▪ Delivering tangible and consistent returns to shareholders through dividends Dividend per share (DPS Rs.) Maintain steady Balance Sheet 3.5 3.2 3.0 3.0 2.7 2.5 2.5 Invest for growth 2.0 2.0 2.0 Consistent
Slide 65: Spotlight on key financials over the year (standalone)
Spotlight on key financials over the year (standalone) Sales (Vol. MT) Revenue (Rs Mn) EBITDA (Rs Mn) and Margin 14.8% 16.5% 11.9% 11.2% 11.6% 11.9% 258,220 68,170 18,741 231,757 66,516 65,650 209,693 57,206 194,802 176,846 2,233 46,554 7,701 7,660 7,618 41,524 6,797 6,164 FY20 FY21 FY22 FY23 FY24 Q
Slide 66: Standalone P&L Summary
Standalone P&L Summary Particulars (Rs. Mn.) Q1 FY25 Q4 FY24 Q1 FY24 QoQ YoY FY24 FY23 YoY Revenue 18,741 16,709 16,712 12.2% 12.1% 66,515 68,170 (2%) EBITDA 2,233 2,250 2,056 (0.8%) 8.6% 7,701 7,618 1% EBITDA Margin (%) 11.9% 13.5% 12.3% (160 bps) (40 bps) 11.6% 11.2% 40 bps Depreciation and 795 74
Slide 67: Product Innovation: Radcure Products
Product Innovation Chemicals 1. Radcure Products Flexcure “Metal Spray” Gloss Coating for Flexcure “PVC Mirror Gloss” Coating for PVC Metal-decor applications flexible & rigid substrate applications Flexcure “Metal Spray Coating”, a new generation dual cure UV / Flexcure “Mirror Gloss Coating” is a
Slide 68: Product Innovation: Water Base Products
Product Innovation Chemicals 2. Water Base Products FLEXBOND PB 40 FLEXCOAT FP BARRIER COAT UF009 Flexbond PB 40 is water based general performance synthetic This water-based, eco-friendly primer free coating offers a high adhesive designed for handle & bottom pasting applications on oxygen barrier
Slide 69: Product Innovation: PU Products
Product Innovation Chemicals 3. PU Products Development of Polyurethane Acrylate FLEXBON R110A/FLEXBON R110C (FLEXCRYL 3333) Adhesive for flexible packaging offering superior wetting properties. These adhesives are highly effective on combinations The polyurethane acrylate resin is mainly used for p
Slide 70: Product Innovation: Flexible Packaging
Product Innovation Flexible Packaging UFlex converting division unveils innovative packaging solutions Pouches boost brand visibility on shelves and online by capturing immediate attention. They advance packaging design, providing innovative solutions to meet consumer needs while supporting a more s
Slide 71: Product Innovation: Holography
Product Innovation Holography Advanced holographic blister packaging solutions: A New Era of Counterfeit Deterrence UFlex Holography business unit has made notable penetration in the pharmaceutical packaging market with its advanced holographic blister packaging solutions. In the Q1 of 2024-25, the
Slide 72: Product Innovation: Acrylic Coated BOPP Films (1/2)
Product Innovation Films 1. Acrylic Coated BOPP Films (1/2) a) “B-TAL” ultra-low SIT (65°C) one side Acrylic coated transparent BOPP film. b) “B-TAA” ultra-low SIT (65°C) both side Acrylic coated transparent BOPP film. c) “B-TAO” ultra-low SIT (85°C) one side Acrylic coated transparent BOPP film. On
Slide 73: Product Innovation: Acrylic Coated BOPP Films (2/2)
Product Innovation Films 1. Acrylic Coated BOPP Films (2/2) 1. Food Packaging i. Flexible Pouches ii. Wraps and Films 2. Beverage Packaging 3. Cosmetic Packaging 4. Medicine Packaging 5. Adhesive Tapes 72
Slide 74: Product Innovation: Films
Product Innovation Films 2. “B-UNB-M” Outstanding Barrier Metallized 3. The “C-CPR-CH” Co-Extruded Transparent film BOPP Film (Non heat sealable version) with both sides treated and sealable The “B-UNB-M” is an outstanding barrier metallized BOPP film, having Co-Extruded Transparent CPP Film with do
Slide 75: Appendix
Appendix
Slide 76: Management & Shareholders Information
➢ Management team Management & ➢ Shareholding pattern Shareholders Information ➢ Group structure ➢ UFlex values
Slide 77: 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 78: 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 79: Shareholding pattern – June 2024
Shareholding pattern – June 2024 Shareholding Historical Shareholding Pattern ( in %) Categories June ’23 Sep ’23 Dec’23 Mar'24 Jun'24 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.42% FIIs, FPIs and FC 14.68 14.08 14.6 15.04 15.60 MF and AIF Promoter 0.23% Group 44.58% CBO, Insurance and F
Slide 80: Group structure
Group 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- Marketing- activities
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 Q1 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average USD 83.45 83.41 83.37 82.75 82.22 80.33 75.81 74.33 GBP 105.46 105.32 105.29 103.96 101.87 97.07 99.55 101.56 EURO 89.25 89.73 90.22 89.82 89.61 83.78 84.66 86.11
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 82