Uflex Limited · NSE:UFLEX
Uflex — Investor Presentation (September 2026)
38 slides from Uflex's investor presentation, Sep 10, 2026
Slide 1: UFlex Limited Investor Presentation
UFLEX LIMITED Investor Presentation Stock Code: BSE - 500148, NSE - UFLEX Common Stock Outstanding: 72.2mn as of June. 30, 2026 September 10, 2026 Noida, India 1
Slide 2: An Overview
An Overview 12bn Aseptic Liquid Packs Capacity (Standard 200 ML pack basis) 300 mn+ Tubes Capacity 1985 21 1,395,830 Established Manufacturing Plants MTPA1 Global Capacity 1,090 mn+ Pouch Capacity 113,917 MTPA Recycling Capacity Presence Across 12,000+ 5000+ Workforce 150+ Customer Base 5.4 bn+ PCR
Slide 3: Journey So Far: Growing as a Global Player in Flexible Packaging
JOURNEY SO FAR: GROWING AS A GLOBAL PLAYER IN FLEXIBLE PACKAGING 1986 1989 1994 1996 1985 Started • Added Printing • IPO listed on BSE Noida (India): Noida (India): Engineering Cylinder • Commenced • 1st BOPET1 Line • Added 1st Business Business to Flexible Packaging • Chemicals Business BOPP2 Line
Slide 4: India Packaging Landscape
India Packaging Landscape 4
Slide 5: Packaging Market Size
Packaging Market Size Revenue in USD bn, Global Packaging Market, 2016-2031 Revenue in USD bn, India Packaging market, 2016-2027 CAGR growth 2016 -2021 2026-2031 CAGR growth 2016 -2021 2022-2027 Total Packaging 3.8% 3.4% Total Packaging 9.8% 10.2% Metal 3.2% 2.9% Metal 8.6% 8.8% Glass 0.0% 3.2% Glas
Slide 6: Packaging Films Market Size
Packaging Films Market Size Global BOPET1 P. Film Mkt Size 2017-2027: ‘000 MTPA Global BOPP2 P. Film Mkt Size 2016-2030: ‘000 MTPA CAGR % 2017-2022 2022-2027 CAGR % 2020-2025 2025-2030 Capacity 6.38% 6.21% Capacity 4.4% 3.4% Production 6.54% 5.03% Production 3.9% 4.3% Consumption 6.04% 4.11% Consump
Slide 7: Interplay of Inflation, Non-Durables, and FMCG in Packaging
Interplay Of Inflation, Non-Durables, And FMCG In Packaging Q1 FY27: Higher Food & Fuel Prices Drive Rainfall Status: +108% LPA (1st Mar’26 – 31st May ’26) Volatile Consumer Non-Durables Growth Inflation Amid West Asia Crisis 14.5% CPI CPI Food 10.6% 9.6% 8.8% 5.5% 5.3% 4.8% 4.2% 5.9% 5.8% 5.6% 5.1%
Slide 8: Pricing Trends of Packaging Films and Related Commodities
Jan-23 99 135 Feb-23 100 145 Mar-23 98 129 Apr-23 101 116 May-23 108 126 Jun-23 101 123 Jul-23 101 122 Aug-23 103 130 Sep-23 99 127 Oct-23 96 112 Nov-23 93 110 Dec-23 93 106 Jan-24 94 110 Feb-24 92 113 Mar-24 94 119 Apr-24 94 122 May-24 95 126 Jun-24 108 139 Jul-24 119 145 Aug-24 122 128 Sep-24 121
Slide 9: Investment Proposition
Investment Proposition Road Ahead India’s Largest Flexible Packaging Solutions Company Focused investments in aseptic, WPP and recycling to accelerate The largest flexible packaging company, with Rs. 155.1 billion in growth, enhance profitability, improve cash generation and create revenue and Rs. 1
Slide 10: India's Largest Flexible Packaging & Solutions Company
1.0a India’s Largest Flexible Packaging & Solutions Company FY26 Consolidated Revenues FY26 Consolidated EBITDA Rs. Mn Rs. Mn 155,130 19,836 71,734 10,090 61,144 9,013 48,065 35,026 37,410 4,369 4,858 4,996 21,850 25,046 13,927 2,260 7,280 1,121 1,310 181 Garware UFlex Garware UFlex Ester Jindal Pol
Slide 11: Presence across all Verticals of Packaging Value Chain
2.0 Presence across all Verticals of Packaging Value Chain Resins Packaging Films Intermediaries Flexible Packaging vPET Chips BOPET P. Films Chemicals (inks Film Grade and adhesives) BOPP P. Films vPET Chips Bottle Grade CPP P. Films Holography Value Added P. Films Recyclate Resins, Molding Metaliz
Slide 12: Global Manufacturing Footprints
3.0 Global Manufacturing Footprints India 21 State-of-the-Art Manufacturing Facilities Strategically Located across 5 Continents and 9 Countries India Overall Global Capacity of 1.4 mn+ MTPA: Ready Jammu (Flexible Packaging) to deliver Anywhere in the World within 15 Days Capacity Noida Plant Hungar
Slide 13: Integrated Manufacturing Capacities Across Geographies
3.1a 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 Chemicals Aseptic Data as o
Slide 14: Packaging Films Production Volume Across Geographies
3.1b Packaging Films Production Volume Across Geographies Geographic % distribution to total Capacity (MT), Production (MT) and Utilization (%) Production volume change packaging film production vol. Q1 FY27 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 11% 22% Capacity Q1 FY27 Production
Slide 15: Packaging Films Production Volume Across Geographies
3.1c Packaging Films Production Volume Across Geographies Geographic Breakdown of Total Capacity, Production and Utilization Packaging film Production vol. (%) FY26 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 12% FY26 Production (Utilization %) FY25 Production (Utilization %) FY24 Produc
Slide 16: Packaging and Chemicals Production Volume
3.1d Packaging And Chemicals Production Volume Capacity (MT), Production (MT) and Utilization (%) Production volume change Liquid packaging Flexible packaging Chemicals (Inks & Adhesives) QoQ YoY Capacity (MTPQ) Q1 FY27 Production (Utilization%) Q4 FY26 Production (Utilization%) Q1 FY26 Production (
Slide 17: Localized Supply-Chain Results in Cost-Efficient Operations
3.2 Localized Supply-Chain Results in Cost-Efficient Operations Centralized Procurement in Major Production Facilities PET Chips and Packaging films* PTA MEG Indian Oil Corporation Ltd. (2+years), Jiangsu Honggang Petrochemical, ME Global Bright Garden Silk Mills Ltd. (3+years), IIVL Dhunseri Petroc
Slide 18: Enduring Customer Relationship
5.0 Enduring Customer Relationship Length of Customer Relationships Kolak Truda P&G Pepsi Co Mondelez Bemis Amcor Huhtamaki UPM American Dupont Nestle Snacks Foods Raflatac* Pkg Teijin films 8+ 8+ 8+ 5+ 7+ 10+ 8+ 9+ 6+ 9+ 8+ 9+ Our Clients 18 *Note: UPM is pioneer customer of 100% PCR Asclepius Film
Slide 19: 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 +13.0% ~+35.0% CAGR +9.8% ~+35.0% 25,781 2,09,426 22,680 20,680 155,130 19,179 151,993 19,097 147,845 17,834 132,368 135,098 16,103 17,408 155,454 89,149 10,924 74
Slide 20: Project Plastic Fix: Paving the Way to a Circular, Greener Future
Project Plastic Fix: Paving the Way to a Circular, Greener and Sustainable Future • Vision of Circularity • ‘Project Plastic Fix’ Continues to Turn Waste into Wealth • Innovations for Sustainable Re-Use 20
Slide 21: 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 22: 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 23: Recycling Plants Across Geographies
7.3 Recycling Plants Across Geographies JAMMU POLAND NOIDA rMLP Granules 1,497 MT rMLP Granules MEXICO 3,900 MT PCR PET Chips (US FDA & FSSAI approved for food- contact applications) 46,020 MT rMLP Granules 13,200 MT GLOBAL PCR PET Chips MALANPUR* (US FDA approved for food-contact applications) 15,0
Slide 24: Sustainability: Project Plastic Fix Turns Waste Into Wealth
7.4 Sustainability: 'Project Plastic Fix’ Continues To Turn Waste Into Wealth 319 mn post-consumer 2,926 MT of post 100+ Product Operational Since PET Bottles Recycled in consumer MLP & MLAP Variants, 8 Facilities 1995 Q1FY27 waste recycled in Q1FY27 Marching Towards a Greener and Sustainable Tomorr
Slide 25: Financial Summary
‘A pant of your daily life’
Slide 26: Consolidated Performance Snapshot – Q1 FY27
Consolidated Performance Snapshot – Q1 FY27 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Rs. 53,972 Mn. Rs. 39,219 Mn. Revenue (+31.7% QoQ, +37.6% YoY) (+1.2% QoQ, +6.4%YoY) Capex Rs. 4,782 Mn Rs. 4,117 Mn Domestic: 38% Domestic: 44% International: 62% International: 56% Rs. 8,373 Mn. Rs. 4,698 Mn. (+37.0% QoQ,
Slide 27: Industry Trends: Domestic and International
Industry Trends Domestic International • India’s consumption remained steady, supported by resilient • Strong Americas Packaging Films demand, supported by the US FMCG volume growth. Government’s push for domestic production and onshoring amid evolving trade policies; constrained imports from West •
Slide 28: 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 Films - Domestic Domestic International Films - International Consol Volume 20.5% 17.1% 14.0% 11.9% 12.6% 15.5% 463,620 599,259 587,118 599,616 647,
Slide 29: Packaging Films Sales Volume Mix by Region
Packaging Films Sales Volume Mix by Region Q1FY27: Packaging Films volume mix by Geography (MT) Q1FY27: Packaging Films volume growth rate by Geography 16.5% 14.9% 18.0% 129,787 136,186 128,037 31,724 9.1% 26,876 31,883 6.4% 4.9% 35,640 35,653 0.8% 0.0% 35,367 34,375 33,899 39,486 -0.5% 32,896 26,88
Slide 30: Virgin PET Chips Production & Sales Mix
Virgin PET Chips Production & Sales Mix (Captive vs. Third-Party) 96,000 96,000 96,000 49,384 54,000 54,000 54,000 47,002 42,566 37,516 42,000 42,000 42,000 33,722 33,657 29,471 29,172 40404 (74.8%) 26,947 23,227 22,423 39025 (72.3%) 36378 (86.6%) 16,474 13,280 11,868 63019 (65.6%) 40981 (75.9%) 773
Slide 31: Consolidated Revenue Split
Consolidated Revenue Split Q1 FY27: Business-wise rev. split as a % of total rev. Q1 FY26: Business-wise rev. split as a % of total rev. Packaging, 28.9% Packaging, 24.6% Rs. 53,660 Rs. 39,006 Million Million 99.4% Engineering, 99.5% Packaging Engineering, 2.3% Packaging films 2.6% films (incl. (inc
Slide 32: Consolidated P&L Summary
Consolidated P&L Summary Particulars (Rs. Mn.) Q1 FY27 Q4 FY26 Q1 FY26 QoQ % YoY % Revenue from operations 53,660 40,559 39,006 32.3 37.6 Total Income 53,972 40,973 39,219 31.7 37.6 Expenditure 44,774 34,708 34,431 29.0 30.0 Normalized EBITDA 8,373 6,109 4,698 37.0 78.2 Normalized EBITDA Margins (%)
Slide 33: CAPEX Update
CAPEX Update During Q1FY27, UFlex incurred total capex of Rs.4,782 million, primarily allocated across 4 key projects: (a) Egypt Aseptic facility – Rs. 1,236 million; (b) Mexico WPP Bags – Rs. 205 million; (c) Noida Sector 155 Recycling Unit, India – Rs. 320 million; and (d) Dharwad BOPP Line, India
Slide 34: Shareholder Returns
Shareholder Returns • Management’s Commitment to Shareholder Interests Dividend per Share (DPS Rs.) • Delivering Tangible Returns to Shareholders through Dividends 3.5 3.2 3.0 3.0 3.0 3.0 2.7 2.5 2.5 Manage Consistent Balance Returns to Sheet 2.0 2.0 2.0 Shareholders Effectively 0.50 Invest for 1.0
Slide 35: Shareholding Pattern – June 2026
Shareholding Pattern – June 2026 Shareholding Historical Shareholding Pattern ( in %) Categories Jun’25 Sep’25 Dec’25 Mar’26 Jun’26 24.39% 44.58% Promoter Group 44.58 44.58 44.58 44.58 44.58 Total FIIs, FPIs and FC 15.19 15.31 16.55 16.78 17.60 0.35% 72.2 mn Shares outstanding CBO, Insurance and FI
Slide 36: UFlex Group Holding Structure
UFlex Group Holding Structure UFlex Ltd. Integrated Flexible Packaging Solution Provider Outside India India Sales & Business Special Purpose Cultivation, Plastic Films International Sales & Investment Investment 68% Sales & and Trading activities Vehicle for Freeze, Drying Manufac. & 59.17% Holding
Slide 37: 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 38: Thank You
THANK YOU 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 38