Slide 1: Earnings Presentation Q2 FY23 & H1 FY23
Earnings Presentation Q2 FY23 & H1 FY23
Slide 2: Table of Contents
Table of Contents Chairman’s Message 04 21 Historical Performance Review Key Highlights 05 25 Debt Profile Key Milestones 07 26 Industry Outlook Business Glance 11 30 CSR, R&D & Sustainability Product Portfolio 14 37 Shareholders Information Awards & Accolades 15 39 Management Team Q2 FY23 & H1 FY23
Slide 3: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 4: 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 September 30, 2022. UFlex Group is known for its successful diversification strategy and is a pioneer in innovation in flexible packaging and in sustainability. We have made ma
Slide 5: Key Highlights
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Slide 6: Key Highlights by CFO
Key Highlights by CFO • Financial Highlights • We are pleased to share the financial highlights of H1 FY23, our Net Revenue is 7,895 INR Cr., EBITDA is 1,218 INR Cr. & PAT is 565 INR Cr. • Overall Sales Volume for the H1 FY23 is 3,04,548 MTPA up by 8% YoY. • In Aseptic Packaging Sales Volume growth
Slide 7: Key Milestones
Key Milestones
Slide 8: Evolution and Growing
Evolution and Growing Doubling of Company went Added BOPET Aseptic public (IPO) Added Film Line Packaging Added Added 1st Added PET Expanded a BOPET Film in Russia and capacity in Flexible BOPP Films Added into Film BOPET & CPP line in expanded in Sanand, Gujarat Packaging line in Holography Capacit
Slide 9: Global Presence
Global Presence Strengths Global leadership position in the industry Product innovation & wide range of products Excellence in Project execution Operations in diversified geography Strong financial & operational track record Stable earning across business cycles
Slide 10: End-to-end Integrated Model
End-to-end Integrated Model 10
Slide 11: Business Glance
Business Glance NX
Slide 12: Snapshot of H1FY23
Snapshot of H1FY23 Direct Presence in 113+ 9 Manufacturing Serving 5 continents Countries Facilities 7,895 INR Cr. 1,218 INR Cr. 565 INR Cr. 10000+ Revenue EBITDA PAT Global workforce 35% 65% 22 Awards won Revenue by – Revenue by – Packaging Films
Slide 13: Operational Performance
Operational Performance Particulars Q2 FY23 Q1 FY23 % Q – O – Q Q2 FY22 % Y – O – Y H1 FY23 H1 FY22 % Y – O – Y Sales Volumes (MTPA) FY22 6,06,986 Sales (Vol’s MT) 149,737 154,811 -3% 147,150 2% 304,548 280,962 8% FY21 4,66,390 Revenue Rs. Crore 3,849 4,046 -5% 3,036 27% 7,895 5,797 36% FY20 3,80,74
Slide 14: Diversified Product Portfolio… Our Key Strength
Diversified Product Portfolio… Our Key Strength Aseptic liquid cartons D-notch Pouch Aseptic Spark Technology CPP, BOPET & BOPP Films Engraved Cylinders Packaging Rolls Digital Duplex Slitter Ink & Adhesive
Slide 15: Awards & Accolades
Awards & Accolades The only packaging manufacturer to be featured amongst top 200 of BW Business World India's Most Sustainable Companies 2021. Won ‘Outstanding Work in Circularity Award in Large Enterprises’ title at the Indian Circular Economy Forum ACE Award 2022. Was awarded as the ‘Best O
Slide 16: Awards & Accolades
Awards & Accolades Developing and achieving a 3D decorative design on textile, PU/PVC and leather materials. The packaging film business of UFlex won two awards, one being for F-ISB PET film which is used for cold blister packaging applications. The team explained that UFlex has developed a Alu-
Slide 17: Q2 FY23 & H1 FY23 Highlights
Q2 FY23 & H1 FY23 Highlights
Slide 18: Financial Highlights (Standalone)
Financial Highlights Standalone Figures Particulars (Rs. Crore) Q2 FY23 Q1 FY23 %Q–O–Q Q2 FY22 %Y–O–Y H1 FY23 H1 FY22 %Y–O–Y Revenue 1,721 1,696 1% 1,318 31% 3,417 2,587 32% EBITDA 153 205 -25% 131 17% 358 298 20% EBITDA Margin (%) 9% 12% -318 bps 10% -105 bps 10% 12% -104 bps Depreciation 64 65 -2%
Slide 19: Financial Highlights (Consolidated)
Financial Highlights Consolidated Figures Particulars (Rs. Crore) Q2 FY23 Q1 FY23 %Q–O–Q Q2 FY22 %Y–O–Y H1 FY23 H1 FY22 %Y–O–Y Revenue 3,849 4,046 -5% 3,036 27% 7,895 5,797 36% EBITDA 493 725 -32% 425 16% 1,218 927 31% EBITDA Margin (%) 13% 18% -510 bps 14% -117 bps 15% 16% -56 bps Depreciation 146
Slide 20: Historical Performance Review
Historical Performance Review
Slide 21: Proven track record of financial performance
Proven track record of financial performance Standalone Figures Sales (Vol’s MT) Revenue (Rs.in Cr) EBITDA (Rs.in Cr) 12% 11% 15% 16% 12% 2,09,693 1,94,802 1,76,846 1,71,719 1,66,002 5,721 766 3,895 4,655 680 4,243 4,152 616 481 476 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY
Slide 22: Proven track record of financial performance
Proven track record of financial performance Consolidated Figures Sales (Vol’s MT) Revenue (Rs.in Cr) EBITDA (Rs.in Cr) 13.2% 12.6% 14.9% 20.5% 17.2% 2,500 2,000 6,06,986 13,237 4,66,390 1,500 2,280 3,95,634 3,80,744 3,70,710 8,915 1,827 7,975 7,432 6,823 1,000 1,109 1,008 903 500 - FY18 FY19 FY20 F
Slide 23: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated Figures 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 D
Slide 24: Debt Profile
Debt Profile NX
Slide 25: Debt Profile
Debt Profile Debt Breakdown (September’22) Split of Long-Term Debt (September’22) Particulars INR Crore Long Term Debt (incl. Current Maturities) 3,743 Domestic 39% Working Capital 1,220 Short Term Debt 149 Total Debt 5,112 International 61% Net Debt 4,289 Key Lenders Commercial Bank of Dubai BBVA K
Slide 26: Industry Outlook
Industry Outlook
Slide 27: Attractive Market with Demand Drivers to Boost Growth
Attractive Market with Demand Drivers to Boost Growth Demand for Packaging ($bn) Global India Annual Consumption(1) 2016–2021 CAGR 2022–2027 CAGR 2016–2021 CAGR 2022–2027 CAGR Revenue ($bn) 148 3.8% 3.9% 9.8% 10.2% Revenue ($bn) 1,274 135 1,232 123 1,200 1,002 1,050 120 112 101 1,000 922 937 91 81 8
Slide 28: Strong Growth Prospects of Flexible Packaging
Strong Growth Prospects of Flexible Packaging Global Market Size of Packaging by Substrate Growth Rate of Packaging Markets (As of (% Rigid 3.1% Plastic ~$243 FY21) Rigid Plastic CAGR) 2.1% Packaging Films and Packaging Films and 5.5% Flexible Packaging ~$194 Flexible Packaging 4.7% Paper / Flexible
Slide 29: UFlex Capex Strategy
UFlex Capex Strategy Expansion in Aseptic BOPET & CPP Film Packaging Manufacturing plant, Set up a recycling plant in Mexico to reprocess post-consumer multi-layer Dharwad Backward integration project by The aseptic packaging setting up of a poly condensation manufacturing facility is first of its m
Slide 30: CSR, R&D & Sustainability
CSR, R&D & Sustainability
Slide 31: CSR Activities
CSR Activities UFlex Limited have undertaken rain water harvesting system in various ponds in the following villages of Gautam Buddha S.Nagar: No. Name of Village # Ponds Remarks Other Details Still 1 Mohbalipur 2 With RWH Pits Rejuvenated and maintain from 2018. Maintained Still 2 Dyanatpur 1 With
Slide 32: Research & Development
Research & Development Paper Straw Aseptic Packaging Machine Asip, the u-shaped portion-pack paper straw, from the house of UFlex, Inbuilt PLC/HMI Temperature Controller Operator Friendly Design is the first u-shaped paper straw manufactured in India. and Filling Level on HMI Servo Motor for Bending
Slide 33: Sustainability Initiatives Towards Reducing Carbon Emission
Sustainability Initiatives Towards Reducing Carbon Emission Sustainability at UFLEX UFlex Partners with CREDUCE to Achieve Carbon Neutrality • To reduce almost 175,000 tonnes of carbon emission equivalent by end of 2024 • India’s largest multinational company in flexible packaging materials and solu
Slide 34: 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 ⚫ PCR & PCPR Recycling Infras
Slide 35: 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 36: 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, Flex Film'
Slide 37: Shareholders Information
Shareholders ) Information
Slide 38: Shareholding Pattern - September 2022
Shareholding Pattern - September 2022 Shareholding Historical Shareholding Pattern ( in %) Promoter Group FPI Mutual Funds Others Categories Sep ‘21 Dec ‘21 Mar ‘22 June ‘22 Sep ‘22 46.72% 44.58% Promoter Group 44.02 44.02 44.02 44.58 44.58 FPI 6.20 6.42 6.66 7.09 8.66 8.66% Mutual Funds 0.02 0.03 0
Slide 39: High Performing Team with Operational Experience
High Performing Team with Operational Experience Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence Ashok Chaturvedi, Chairman & MD Jagmohan Mongia, Whole-time Director, Packaging Films Jagmohan brings in a strong expertise of Sa
Slide 40: High Performing Team with Operational Experience
High Performing Team with Operational Experience Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence Ajay Tandon, President- Engineering, Product Development Rajesh Bhasin, Joint President, Chemicals Business Mr. Ajay Tandon is a
Slide 41: Auditors Information
Auditors Information Locations Auditors India MSKA & Associates (BDO) & Vijay Sehgal & Co. Dubai Shah & Al-shamali Associates Egypt BDO Khaled & Co. Poland Ernest & Young (EY) USA Crowe LLP Mexico GS&A Hungary Leitner Leitner Nigeria PKF Accountants & business advisers Russia Unicon Joint Stock Comp
Slide 42: Thank You
Thank You Contact Us: Shreya Chaturvedi shreya.chaturvedi@uflexltd.com UFlex Limited Address: A – 107 - 108, Sector - IV, Noida - 201301 (U.P.), India. Phone Nos.: +91 120 4012345 (30 Lines) Fax No.: +91 120 2556040 Corporate ID :L74899DL1988PLC032166 Email: investorrelations@uflexltd.com Website: w