Slide 1: Exchange cover letter on conference call
UFLEX/SEC/2023/ February 16, 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 – 40
Slide 2: Earnings Presentation Q3 FY23 & 9M FY23
Earnings Presentation Q3 FY23 & 9M FY23
Slide 3: Index
03 Key Highlights 07 Key Milestones 11 Business at a Glance 16 Q3FY23 and 9MFY23 Performance Review INDEX 20 Financial and Performance Review 24 R&D and Sustainability 29 Management & Shareholders Information
Slide 4: Key Highlights
Key Highlights » Chairman’s Message » Financial and Business Highlights » Snapshot of 9M FY23 Performance
Slide 5: Chairman's Message
Chairman’s Message On behalf of the Board of Directors, I am pleased to present the financial results for the quarter ended December 31, 2022. It has been a challenging quarter for the packaging industry globally, with rising energy costs in the European Union, rising interest rates, and weakened gr
Slide 6: Financial and Business Highlights
Financial and Business Highlights Financial Highlights • Total Income shows marginal growth of 0.6% YoY to Rs. 3496 crore. For the nine months ended December 31, 2022, total income grew 23% YoY to Rs. 11,391 crore • Packaging sales volumes grew 34% YoY and the production volumes grew 31 % YoY. • Con
Slide 7: Snapshot of 9M FY23 Performance
Snapshot of 9M FY23 Performance Rs.11,391 Cr. Rs. 1,646 Cr. Rs. 480 Cr. 37 % 63 % Revenue by - Revenue by - Revenue EBITDA* PAT Packaging Films Direct Serving 9 Presence in 10,000 + 35+ 150+ 5 Manufacturing Awards Won Global workforce continents Locations Countries *Note: EBITDA for 9 months period
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: Global Presence
Global Presence Advantages of Vertically Integrated Manufacturing Capabilities Strengths Global leadership position in the industry Strong presence in all major Poland Russia Innovative & wide range of products business centers reduces lead Hungary time for deliveries, a key Kentucky, USA competitiv
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 Out Source Packaging Film Business Flexible Packaging Business Aseptic Packaging Business Rotogravure Design PP Granules Holograms Converting Packaging Metalized films Cylinders
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 CPP, BOPET & BOPP Films D-notch Pouch Aseptic Spark Technology Aseptic liquid cartons Engraved Cylinders Packaging Rolls Digital Duplex Slitter Ink & Adhesive UFlex Earnings Presentation Q3 FY23 12
Slide 14: Awards & Accolades
Awards & Accolades UFlex won Two National Awards for excellence in packaging industry, Nine awards in SIES SOP Star Awards 2022 for Excellence in Packaging by SIES School of Packaging, and Five awards in India Star 2022 National Awards: • Film R&D has won national awards by The Indian Institute of P
Slide 15: Product Innovation
Product Innovation • ‘F-TFE’ Thermoformable BOPET Film • Rotogravure Printing F-TFE’ Mono or Co-extruded transparent Biaxially-Oriented Rotogravure printing involves a rotary press with cylinders typically rotating at Polyethylene Terephthalate or BOPET film is specially designed for high speeds use
Slide 16: Capex Strategy
Capex Strategy PCR Plant, Mexico PET Chips Plant, Panipat Set up a recycling plant in Backward integration project Mexico to reprocess post- by setting up of a poly consumer multi-layer mixed condensation plant through MLP Recycling Plant, plastic waste into granules. BOPET Film Plant, CP and SSP pr
Slide 17: Q3 & 9M FY23 Performance Review
Q3 & 9M FY23 Performance Review » Financial Highlights – Standalone & Consolidated » Debt Profile
Slide 18: Standalone Financial Highlights
Standalone Financial Highlights Particulars (Rs Cr) Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Y–O–Y% Revenue 1713 1721 1435 5130 4022 28% EBITDA 171 153 167 530 465 14% EBITDA Margin (%) 10% 9% 12% 10% 12% - Depreciation 66 64 63 195 188 3% Finance Cost 45 41 40 126 112 13% Profit Before Tax 60 48 64
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Particulars (Rs. Cr) Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Y–O–Y% Revenue 3496 3849 3474 11391 9272 23% EBITDA 429 502 599 1646 1517 9% (Before Exchange Fluctuation) EBITDA Margin (%) 12% 13% 17% 14% 16% - (Before Exchange Fluctuation) EBITDA 277 493 619 1496 1546
Slide 20: Debt Profile
Debt Profile Debt Breakdown Split of Long-Term Debt Particulars Rs Cr Long Term 4,189 Domestic 41% Working Capital 1,071 International Short Term 119 59% Total Debt 5,379 Net Debt 4,462 Overseas Domestic Key Lenders State Bank of India J&K Qatar National Bank BBVA IFCI Limited RBL Woori UniCredit Ba
Slide 21: Financial Performance Review
Financial Performance Review » Standalone & Consolidated Financial » Consolidated Financial Overview
Slide 22: Standalone Financial Performance
Standalone Financial Performance Sales (Vol’s MT) Revenue (Rs Cr) EBITDA (Rs Cr) 12% 11% 15% 16% 12% 2,09,693 1,94,802 1,76,846 1,71,719 1,66,002 5,721 766 4,655 680 4,243 4,152 616 3,895 481 476 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT (Rs Cr) Debt (Rs Cr) Net
Slide 23: Consolidated Financial Performance
Consolidated Financial Performance Sales (Vol’s MT) Revenue (Rs Cr) EBITDA (Rs Cr) 13.2% 12.6% 14.9% 20.5% 17.2% 6,06,986 13,237 4,66,390 2,280 3,95,634 3,80,744 3,70,710 1,827 8,915 7,975 7,432 6,823 1,109 1,008 903 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT (Rs
Slide 24: Consolidated Financial Overview
Consolidated Financial Overview Key Financials Ratios FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 EBITDA Margin 13% 12% 12% 13% 13% 13% 13% 15% 20% 17% PAT Margin 4% 3% 4% 5% 5% 5% 4% 5% 9% 8% Net Debt to Equity 0.84 0.78 0.65 0.52 0.51 0.47 0.44 0.69 0.62 0.60 Net Debt to EBIDTA 3.09 3.08 2.6
Slide 25: R&D & Sustainability
R&D & Sustainability » CSR Activities » Research and Development » ESG and Sustainability
Slide 26: Research & Development
Research & Development Flexgreen Sprayable top coat gloss coating F-POX “Excellent Oxygen and Moisture LED coating is made for fiberglass-reinforced optical polymer Barrier Transparent BOPET film materials, adding to its visual appeal. It is based on radical chemistry Transparent Excellent Oxygen an
Slide 27: 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 28: 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 29: 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 30: Management & Shareholders Information
Management & Shareholders Information » Management Team » Shareholding Pattern » Auditors Information
Slide 31: High Performing Team
High Performing Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence 36 Ashok Chaturvedi, Chairman & MD 30 Jagmohan Mongia, Whole-time Director, Packaging Films First Generation Entrepreneur and the Founder Promoter of UFlex G
Slide 32: 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 29 Rajesh Bhasin, Joint President, Chemicals Business Mr. Ajay Tandon is a Mechanical Engineer an
Slide 33: Shareholding Pattern – December 2022
Shareholding Pattern – December 2022 Historical Shareholding Pattern ( in %) Categories Dec ‘21 Mar ‘22 June ‘22 Sep ‘22 Dec ‘22 46.72% 44.58% Promoter Group 44.02 44.02 44.58 44.58 44.58 FPI 6.42 6.66 7.09 8.66 8.34 Mutual Funds 0.03 0.04 0.04 0.04 0.05 8.66% Others 49.53 49.28 48.29 46.72 47.03 0.
Slide 34: 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 35: 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