Slide 1: Exchange Intimation of Conference Call Update
UFLEX/SEC/2023/ June 1, 2023 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 – 400051
Slide 2: Earnings Presentation Q4 FY23 & FY23
Earnings Presentation Q4 FY23 & FY23
Slide 3: Index
03 Key Highlights 07 Key Milestones 11 Business at a Glance 18 Q4FY23 and FY23 Performance Review INDEX 22 Financial and Performance Review 26 R&D and Sustainability 32 Management & Shareholders Information 37 Annexures
Slide 4: Key Highlights
Key Highlights » Chairman’s Message » Financial and Business Highlights » Snapshot of FY23 Performance
Slide 5: Chairman's Message
Chairman’s Message Ashok Chaturvedi, Chairman and Managing Director, UFlex Ltd., stated, “In FY23, UFlex continued its growth momentum and achieved the highest-ever revenue of INR 14,784 crore. The packaging films industry witnessed new capacity additions at a time when demand was impacted, especial
Slide 6: Financial and Business Highlights
Financial and Business Highlights Financial Highlights • Highest ever revenue in FY23 at INR 14,784 crore (12% up YoY) and INR 6,817 crore (19% up YoY) for consolidated & standalone, respectively. • Highest ever standalone EBITDA at INR 762 crore (12% up YoY) and Profit After Tax at INR 244 crore (1
Slide 7: Snapshot of FY23 Performance
Snapshot of FY23 Performance Rs. 14,784 Cr. Rs. 2,068 Cr. Rs. 481 Cr. 38% 62% Revenue by - Revenue by - Revenue EBITDA* PAT Packaging Films Direct Serving 9 Presence in 10,000 + 40+ 150+ 5 Manufacturing Awards Won Global workforce continents Locations Countries *Note: EBITDA for period ended 31st Ma
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, competitive an
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 business Aseptic Liquid Packaging Cylinders Packaging Rolls Engineering Chemical (Ink & Adhesive) UFlex Earnings Presentation Q4 FY23 12
Slide 14: Awards & Accolades
Awards & Accolades • Silver Award - Technical Innovation at the Flexible Packaging Achievement Awards 2023, organized by the FPA, for our F-UHB-M Ultra High Barrier & High Metal Bond Metallized Polyester Film for aluminum foil replacement. • UFlex received the Best Employer Brand Award in the Global
Slide 15: Awards & Accolades
Awards & Accolades SIES SOP Star Awards: The awards are given to various Indian companies ranging from Pharma, FMCG to Converter Industries for Packaging Excellence in Development, Innovation, Creativity and Sustainability • Flexbeam Offset EB Inks for Comexi ‘Ci8’ Machine • Flexfoil Universal Heat
Slide 16: Product Innovation
Product Innovation Packaging Films Holography business • Metallised High Barrier Easy Tear Polyester Film: • Beeds Design for HM & Sequins Film: F-ETB-M Film with Superior Oxygen Barrier metallised Easy The Holography BEEDS design with moving dots effects Tear BOPET Film for Pouches and Packaging Ap
Slide 17: Product Innovation
Product Innovation Printing Cylinders Business Engineering Business • Carving Effect through laser embossing on hard PVC, used for • Accu Slit-3300: home décor: After successful performance of Accu Slit-2500 and Accu This product finds its use in home décor like decorating modular Eco Slit-3000, our
Slide 18: Capex Strategy
Capex Strategy 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 and SSP process to produce BOPET Film Plant, CP and SSP process to polyest
Slide 19: Q4 & FY23 Performance Review
Q4 & FY23 Performance Review » Financial Highlights – Standalone & Consolidated » Debt Profile
Slide 20: Standalone Financial Highlights
Standalone Financial Highlights Particulars (Rs Cr) Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 Y–O–Y% Revenue 1,687 1,713 1,699 6,817 5,721 19% EBITDA 232 171 215 762 680 12% EBITDA Margin (%) 14% 10% 13% 11% 12% Depreciation 67 66 65 262 253 3% Finance Cost 57 45 44 183 155 18% Profit Before Tax 108 60 106
Slide 21: Consolidated Financial Highlights
Consolidated Financial Highlights Particulars (Rs Cr) Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 Y–O–Y% Revenue 3,394 3,496 3,953 14,784 13,237 12% EBITDA 422 429 751 2,068 2,280 -9% (Before Forex Fluctuation) EBITDA Margin (%) 12% 12% 19% 14% 17% (Before Forex Fluctuation) EBITDA 383 277 734 1,879 2,280 -18
Slide 22: Debt Profile
Debt Profile Debt Breakdown Split of Long-Term Debt Particulars Rs Cr Long Term 4,270 Working Capital 1,105 Domestic 43% Overseas 57% Short Term 119 Total Debt 5,494 Net Debt 4,403 Overseas Domestic Key Lenders J&K Qatar National Bank BBVA State Bank of India RBL Woori UniCredit Bank IFCI Limited CT
Slide 23: Financial Performance Review
Financial Performance Review » Standalone & Consolidated Financial » Consolidated Financial Overview
Slide 24: Standalone Financial Performance
Standalone Financial Performance Sales (Vol’s MT) Revenue (Rs Cr) EBITDA (Rs Cr) 11% 15% 16% 12% 11% 231,757 209,693 194,802 176,846 171,719 6,817 5,721 766 762 4,655 680 4,243 4,152 616 481 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA Margin PAT (Rs Cr) Debt (Rs
Slide 25: Consolidated Financial Performance
Consolidated Financial Performance Sales (Vol’s MT) Revenue (Rs Cr) EBITDA (Rs Cr) 12.6% 14.9% 20.5% 17.2% 14.0% 599,259 587,118 14,784 466,390 13,237 2,280 2,068 395,634 380,744 1,827 8,915 7,975 1,109 7,432 1,008 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA Mar
Slide 26: 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 27: R&D & Sustainability
R&D & Sustainability » CSR Activities » Research and Development » ESG and Sustainability
Slide 28: 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 29: Research & Development
Research & Development Transparent High Barrier Easy Tear Polyester Film F-POX “Excellent Oxygen and Moisture Barrier F-ETB Film with Superior Oxygen Barrier Transparent Easy Tear BOPET Transparent BOPET film Film for Pouches and Packaging Application. It addresses the barrier Transparent Excellent
Slide 30: 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 31: 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 32: 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 33: Management & Shareholders Information
Management & Shareholders Information » Management Team » Shareholding Pattern » Auditors Information
Slide 34: High Performing Team
High Performing Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence 36 30 Jagmohan Mongia, Whole-time Director, Packaging Films Ashok Chaturvedi, Chairman & MD First Generation Entrepreneur and the Founder Promoter of UFlex G
Slide 35: 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 36: Shareholding Pattern – March 2023
Shareholding Pattern – March 2023 Historical Shareholding Pattern ( in %) Categories Mar ‘22 June ‘22 Sep ‘22 Dec ‘22 Mar ’23 26.06 44.58 Promoter Group 44.02 44.58 44.58 44.58 44.58 0.17 FII's and FPI's 14.23 14.66 16.23 15.91 14.83 14.36 CBO, Insurance and FI 15.18 14.43 14.14 13.88 14.36 14.83 MF
Slide 37: 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 38: Annexures
Annexures » Income Statement » Balance Sheet
Slide 39: Income Statement
Income Statement Income Statement Actuals (in Rs. Cr) Actuals (in Rs. Cr) % Change Consolidated Q4FY23 Q3FY23 Q4FY22 FY23 FY22 YoY Total revenue 3,394 3,496 3,953 14,784 13,237 11.7% Cost of revenue 2,105 2,246 2,307 9,207 7,747 18.8% Power& fuel 149 145 144 616 540 14.0% Employee benefit expenses 2
Slide 40: Balance Sheet
Balance Sheet Actuals (in Rs. Cr) Actuals (in Rs. Cr) Equity and Liabilities Assets March 2023 March 2022 March 2023 March 2022 Shareholders' Funds Non-Current Assets Equity Share Capital 72 72 Fixed Assets Other Equity 7,433 6,624 (i) Property, Plant and Equipment 7,211 5,889 7,506 6,696 (ii) Capit
Slide 41: 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