Uflex Limited · NSE:UFLEX
Uflex — Investor Presentation (September 2025)
81 slides from Uflex's investor presentation, Sep 23, 2025
Slide 1: Investor Presentation
UFLEX LIMITED INVESTOR PRESENTATION September 2025 Stock Code: BSE - 500148, NSE - UFLEX Noida, India Common Stock Outstanding: 72.2mn as of June 30, 2025
Slide 2: An Overview
An Overview Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners 1985 17 Established Manufacturing Units 5000+ 1,313,510 MTPA1 Customer Base Global Capacity* Presence Across 150+ 10,000+ Workforce Countries 7bn 74,317 MTPA 5.4 bn+ 69,730 MTPA 300 mn+ 1,090 mn+ PCR PET2 Bottles Ch
Slide 3: Journey so far: Growing as a Global Player in Flexible Packaging
Journey so far: Growing as a Global Player in Flexible Packaging • Dharwad (India): Started with • Aseptic Packaging: a CPP/ a BOPET Lines. Annual Capacity Doubled 2022 2023 • Dubai: Added a CPP Line to 7 Bn Packs • Mexico: Added a PCR PET • Diversified into Chips Line Holography Business • Egypt :
Slide 4: India Packaging Landscape
India Packaging Landscape
Slide 5: Packaging Market Size
Packaging Market Size Revenue in USD bn, Global Packaging Market, 2016-2027 Revenue in USD bn, India Packaging market, 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% Glass 0
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 2016-2026: ‘000 MTPA CAGR % 2017-2022 2022-2027 CAGR % 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 6.04% 4.11% 12,814
Slide 7: India's Decade of Outperformance
India’s Decade of Outperformance India to become 3rd Largest Economy by FY29 India's Rising GDP per Capita ➔ Higher Consumer Spending GDP in US$ trillion (Real GDP growth %) GDP per Capita at current prices in US$ (‘000) per capita 2025 2029F 2025F 2029F USA 30.5 ; (1.8%) USA 35.5 ; (2.2%) USA 89.1
Slide 8: Evolving End-Use Landscape of Packaging and Packaging Films
Evolving End-Use Landscape of Packaging and Packaging Films 01 02 03 STEADY FMCG SUSTAINABLE ECONOMIC DEMAND PACKAGING GROWTH Steady economic Although recovering, EPR compliance spurs growth amidst global rural continues to use of ‘Recycled challenges outpace urban demand Content’ in packaging 8
Slide 9: Macro Economic Environment
Macro Economic Environment Global Growth Slowdown amid Policy Shifts India to Maintain Robust 6.5% Growth in FY26F Real GDP Growth (YoY %) 7.7 Real GDP Growth (YoY %) 3.7 9.2 2.1 2.4 7.6 1.4 6.5 6.5 6.5 0.9 1.0 1.2 3.3 3.0 3.1 1.8 1.5 1.6 2.8 1.9 2.0 5.0 4.8 4.2 World Advanced US Euro Area China Eco
Slide 10: Interplay of Inflation, Non-Durables, and FMCG in Packaging
Interplay of Inflation, Non-Durables, and FMCG in Packaging Value continues to outpace Volume Growth Volume: Rural continue to surpass Urban Growth Rainfall Status: +48% LPA (1st June ’25 – 3rd Sep ’25) FMCG growth % FMCG volume growth % in Rural & Urban 9.2% 13.9% 8.4% 8.4% 11.0% 10.2% 5.8% 4.9% 4.
Slide 11: BOPP and BOPET Film Prices and Imports
Jan-23 99.0 135.1 Feb-23 99.5 145.4 Mar-23 97.8 128.5 Apr-23 100.6 116.0 May-23 108.3 126.2 Jun-23 100.8 122.9 Jul-23 101.2 122.1 Aug-23 102.6 129.8 Sep-23 99.4 127.4 Oct-23 96.0 112.0 Nov-23 92.5 110.0 Dec-23 92.9 106.0 Jan-24 94.2 109.5 Feb-24 92.3 113.0 Mar-24 94.0 119.2 Apr-24 93.6 122.1 May-24
Slide 12: Investment Proposition
Investment Proposition Road Ahead India’s Largest Flexible Packaging Solutions Company Focused investments in aseptic packaging & WPP to drive The largest flexible packaging company, with Rs. 152 billion in revenue growth, higher profitability, and surplus cash flows. revenue and Rs. 19 billion in E
Slide 13: India's Largest Flexible Packaging & Solutions Company: Q1FY26
1.a India’s Largest Flexible Packaging & Solutions Company Q1FY26 Consolidated Revenues Q1FY26 Consolidated EBITDA Rs. Mn Rs. Mn 4,698 39,219 2,348 17,685 1958 13,536 11,159 1,163 1,230 8,245 8,435 6,189 5,084 493 3,469 292 292 308 1,998 197 Cosmo Cosmo Nahar Poly Ester Nahar Poly Garware Jindal Pol
Slide 14: India's Largest Flexible Packaging & Solutions Company: FY25
1.b India’s Largest Flexible Packaging & Solutions Company FY25 Consolidated Revenues FY25 Consolidated EBITDA Rs. Mn Rs. Mn 151,838 19,024 69,806 8,795 7902 7,914 54,623 42,569 43,736 4,955 29,696 3,624 25,548 21,638 12,990 1,347 1,510 1,641 6,839 941 Cosmo Cosmo Nahar Poly Ester Nahar Poly Garware
Slide 15: Presence across all Verticals of Packaging Value Chain
2.a Presence across all Verticals of Packaging Value Chain Process Flow Diagram UFlex Presence Main Feedstock Key Downstream RM RM for P. Films Packaging Flexible Packaging Business Aseptic Films Business Packaging Ethylene MEG1 Business NGL Ink & Flexi-tubes, BOPP8 Ethane, vPET Chips Adhesives Lids
Slide 16: Presence across all Verticals of Packaging Value Chain
2.b Presence across all Verticals of Packaging Value Chain Interconnected Strengths, Boundless Possibilities Resins Packaging Films Intermediaries Flexible Packaging vPET Chips Film Grade Chemicals (inks and adhesives) BOPET P . Films BOPP P. Films vPET Chips Bottle Grade Holography CPP P. Films Val
Slide 17: PET Resins Products and Usage
2.1a PET Resins Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage vPET Chips vPET Chips rPET Chips rMLP Granules, 100% PCR P. Film, Household Film Grade Bottle Grade Film & Bot
Slide 18: PET Chips Process Flow Diagram
2.1b PET Chips Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) PET Resin Process Flow Diagram Crude Oil Preforms Purifies PET Bottles Terephthalic Presence Acid (PTA) Petroleum Polymeriza
Slide 19: Packaging Films Products and Usage
2.2a Packaging Films Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage BOPET1 P. Films Metallised P. Films Pouches Tubes Printing / Lamination Release Films Overwraps (CDs, Pac
Slide 20: Packaging Film Manufacturing Process Flow Diagram
2.2b Packaging Film Manufacturing Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Film Manufacturing Process Flow Diagram BOPET P. Film Raw Material (vPET1 chips & rPET2 chips) Hooper Fro
Slide 21: Flexible Packaging Products and Usage
2.3a Flexible Packaging Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage Electron Beam and Food Products Personal Products Contraceptives Pharmaceutical Flexo Printed Flexible
Slide 22: Composition of Tubes and Pouches
2.3b Composition of Tubes and Pouches Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Tube Composition Pouch Composition PP/PE/MET CPP/MET PE Adhesive BON Adhesive FOIL/MET PET/MET BOPP Adhesive Ink PET/BOPP/
Slide 23: Asepto – Aseptic Liquid Packaging Products and Usage
2.4a Asepto – Aseptic Liquid Packaging Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging 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 Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging 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 Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Products Usage Radiation Curable Water-based (WB) Water-based Flexible Packaging Rigid Packaging Corrugation QSR Ink Products (
Slide 26: Water Base Adhesive & Coating Process Flow Diagram
2.5b Water Base Adhesive & Coating Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Process Flow Diagram – Water-based Adhesive & Coating Flexible Packaging Adhesive (Acrylic based, PVA ba
Slide 27: PU Adhesive Process Flow Diagram
2.5c PU Adhesive Process Flow Diagram Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging 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 Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging 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 Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Application Packaging Machines Converting Machines Speciality Products Asepto Machines CI Flexo & Rotogravure Inspectio
Slide 30: Printing Cylinders Products and Usage
2.7 Printing Cylinders Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging adhesives) Printing Cylinders Composition Products Gravure Printing Cylinders Flexo Plates Flexo Elastomer Plates Rotogravure Pri
Slide 31: Holography Products and Usage
2.8a Holography Products and Usage Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging 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 Aseptic Chemicals Packaging Flexible Printing Resins Liquid (inks and Engineering Holography Films Packaging Cylinders Packaging 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 17 State-of-the-Art Manufacturing Facilities Strategically Located across 5 Continents and 9 Countries Overall Global Capacity of 1.3 mn+ MTPA: Ready to deliver Anywhere in the World within 15 Days Americas India Plant Capacity (MTPA) Capacity Plant US 30,000 (MTP
Slide 34: Integrated Manufacturing Capacities Across Geographies
3.1a 1 Integrated Manufacturing Capacities Across Geographies Extensive Suite of Products in Every Region We Operate Value Added Resins & Moulding Base Packaging Films Packaging Films Value Added Products (VAP) Locations 4,58,317 MTPA 6,36,160 MTPA 2,52,800 MTPA (Capacities Data as of Chemicals Asep
Slide 35: Packaging Films Production Volume across Geographies
3.1b Packaging Films Production Volume across Geographies Geographic % contribution to total Capacity, Production and Utilization Production volume change packaging film production vol. Q1 FY26 India Dubai Egypt Nigeria CIS Poland Hungary USA Mexico 11% 6% 26% QoQ YoY Capacity Q1 FY26 Production (Ut
Slide 36: Packaging Films Production Volume across Geographies
3.1c Packaging Films Production Volume 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 CIS Poland Hungary USA Mexico FY21 FY22 FY23 FY24 FY25 FY25 FY25 P
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 FY26 20% 41% 50,690 MTPQ Capacity Q1 FY26 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 01 in 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 Business Requirements Industries Challenges ➢ Virgin and rPET Chips ➢ Packaging film Manufacturers ➢ Drinks and Beverages ➢ P
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 Consolidated Revenues (Rs. Mn) UFlex Consolidated Normalized EBITDA (Rs. Mn) CAGR +15.4% ~+10.0% CAGR +11.7% ~+10.5% 167,000 151,838 22,680 147,845 20,680 21,000 132,368 135,098 19,024 17,834 16,103 127,781 89,149 16,302 74,316 10,924 Q1FY26 39,
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% rPET Chips and Injection Molding Items made from rMLP Granules, are Paving the Way for a More Sustainable and Greener Tomorrow. ➢ Vision of Circularity Project Plastic Fix: Paving ➢ ‘Project Plastic Fix’ Contin
Slide 43: Circularity
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: Sustainability: 'Project Plastic Fix' Continues to Turn Waste into Wealth
7.3 Sustainability: 'Project Plastic Fix’ Continues to Turn Waste into Wealth 185 mn (2,569 MT) PET Bottles Recycled in Q1FY25 222 mn (3,084 MT) PET Bottles Recycled in Q1FY26 2,027 MT of MLP waste recycled in Q1FY25 and 2,526 MT in Q1FY26 180,875 units in Q1FY25 and 140,259 units in Q1FY26 of Core
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 + process PTA Monoetylene PET P. Film Glycol PET / Polyester Petroleum (MEG) PET Packaging Recycle PET PET Recycling UFlex buy Post – Waste Separation (rPET) Resins Production
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 10,020 rMLP Granules 6,000 rMLP Granules 9,600 Egypt Jammu Particulars Capacity(MTPA) Particulars Capacity(MTPA) PCR PET Chips 18,000 rMLP Granul
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-market and Prospective and Proximity to Clients Customers to
Slide 51: Financials
Financials
Slide 52: Consolidated Performance Snapshot
Consolidated Performance Snapshot Q1FY26 FY25 Q1FY26 FY25 Revenue Capex Rs. 39,219 Mn Rs. 151,838 Mn (+1.2% QoQ, +6.4% YoY) (+12.4% YoY) Rs. 4,117 Mn Rs. 17,258 Mn Domestic: 44% Domestic: 45% International: 56% International: 55% Net Debt Norm. EBITDA* Rs. 4,698 Mn Rs.19,024 Mn Rs. 73,055 Mn Rs. 68,
Slide 53: Consolidated Performance Highlights – Q1FY26
Consolidated Performance Highlights – Q1FY26 Revenue rose to Rs. 39,219 million in Q1 FY26, driven by higher volumes, right product mix, better realizations in India and robust gains in Europe and CIS markets. key contributors were packaging film & vPET chips (+8.1% YoY gr) and Packaging business (+
Slide 54: 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 Domestic International Films - Domestic Films - International 20.5% 17.1% 14.0% 11.9% 12.5% 12.0%* 463,620 599,259 587,118 599,616 647,499 170,504 1
Slide 55: Consolidated Revenue Split
Consolidated Revenue Split Q1FY26: Business-wise rev. split as a % of total rev. Q1FY25: Business-wise rev. split as a % of total rev. Packaging, Packaging, 28.9% Packaging Packaging 28.4% films, 63.2% Rs. 39,006 films, 62.2% Rs. 36,538 Million Million Engineering, Engineering, 99.5% 99.1% 2.1% 2.6%
Slide 56: Consolidated Revenue Split
Consolidated Revenue Split FY25: Business-wise rev. split as a % of total rev. FY24: Business-wise rev. split as a % of total rev. Packaging, Packaging, Packaging 28.3% 28.5% Packaging films, 62.3% Rs. 150,361 films, 60.2% Rs. 133,636 Million Million Engineering, 99.1% Engineering, 98.9% 2.2% 2.7% O
Slide 57: Consolidated P&L Summary
Consolidated P&L Summary* Particulars (Rs. Mn.) Q1 FY26 Q4 FY25 Q1 FY25 QoQ YoY FY25 FY24 YoY Total Revenue 39,219 38,767 36,856 1.2% 6.4% 151,838 135,098 12.4% Expenditure 34,431 34,012 32,422 1.2% 6.2% 133,649 119,963 11.4% Normalized EBITDA 4,698 4,811 4,682 (2.3%) 0.3% 19,024 16,103 18.1% Normal
Slide 58: Consolidated Balance Sheet as of March 31, 2025
Consolidated Balance Sheet as of March 31, 2025 As on 31st As on 31st As on 31st As on 31st Particulars (Rs. Mn) Particulars (Rs. Mn) Mar 2025 Mar 2024 Mar 2025 Mar 2024 Assets Equity and Liabilities Non-current assets Equity Property, plant and equipment 81,664 76,598 Equity Share Capital 722 722 C
Slide 59: Consolidated Financial Overview (1/2)
Consolidated Financial Overview (1/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBITDA Margin 12.2% 12.1% 13.2% 13.8% 13.2% 12.6% 14.9% 20.5% 17.2% 12.7% 11.2% 12.0% Normalized EBITDA 12.2% 12.4% 14.5% 14.2% 13.1% 12.7% 14.7% 20.0% 17.1% 14.0% 11.9% 12.5% Marg
Slide 60: Consolidated Financial Overview (2/2)
Consolidated Financial Overview (2/2) Key Financials Ratios FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Net Debt to Equity 0.75 0.63 0.49 0.48 0.43 0.42 0.67 0.60 0.59 0.58 0.77 0.93 Net Debt to EBIDTA 2.97 2.58 1.99 1.95 1.91 1.79 2.83 1.82 1.72 2.34 3.68 3.76 Net Debt to Normalized
Slide 61: Consolidated Debt Profile
Consolidated Debt Profile Debt breakdown Split of gross debt as of Jun 2025 Particulars (Rs. Mn) Jun-2025 Mar-2025 Dec-2024 Sep-2024 Long Term 63,879 59,937 54,460 54,952 Working Capital and Working Capital and 22,027 21,223 17,781 14,605 Rs. 85,906 Short Term Short term debt Long term debt Million
Slide 62: Capex Update
Capex Update ➢ Incurred total project capex of Rs 4,117 million during the quarter, with major allocation to following four projects: Capex in Q1 FY26 a) Egypt: Rs. 1,694 million for the Aseptic packaging facility, b) Mexico: Rs. 441 million for the WPP bag manufacturing unit, c) India-Sanand: Rs 20
Slide 63: Q1 FY26 EBITDA Bridge
Q1 FY26 EBITDA Bridge Normalized EBITDA Bridge (Q1FY25 vs Q1FY26) EBITDA improvement led by healthy performance in the packaging films and flexible packaging segment Increase Decrease Total 2,363 (1,009) (218) 4,788 4,698 4,434 (522) (259) (89) EBITDA Q1FY25 Revenue COGS Power & fuel Emp. exp. Other
Slide 64: Q1 FY26 EBITDA to Normalized PAT
Q1 FY26 EBITDA to Normalized PAT EBITDA to Normalized PAT (Q1FY26) BASIC EPS Q1 FY26 4,788 Weighted Av. No. of shares (millions) 72.2 Normalized earnings per share1 Rs. 8.03 (1,867) 933 0 933 (1,988) 580 0 580 (314) EBITDA D&A Finance Costs PBT (excl. excep.) Exceptional Items PBT Tax Expense PAT Ad
Slide 65: FY25 EBITDA Bridge
FY25 EBITDA Bridge Normalized EBITDA Bridge (FY24 vs FY25) Increase Decrease Total 16,740 (9,443) (143) (1,558) 18,188 836 19,024 15,135 (2,542) EBITDA FY24 Revenue COGS Power & fuel Emp. exp. Other exp. EBITDA FY25 Exch. & der. Norm. EBITDA FY25 • Revenue increased by 12.4% YoY, driven by driven by
Slide 66: Shareholder Returns
Shareholder Returns ▪ Management’s Commitment to Shareholder Interests ▪ Delivering Tangible Returns to Shareholders through Dividends Dividend per Share (DPS Rs.) Manage Balance Sheet Effectively 3.5 3.2 3.0 3.0 3.0 2.7 2.5 2.5 Invest for Growth 2.0 2.0 2.0 Consistent 0.50 1.0 Returns to Shareholde
Slide 67: Standalone Spotlight on Key Financials over the Years
Standalone Spotlight on Key Financials over the Years Sales (Vol. MT) Revenue (Rs. Mn) EBITDA (Rs. Mn) and Margin 16.5% 11.9% 11.2% 11.6% 11.9% 12.0% 78,096 266,152 258,220 74,411 20,755 231,757 209,693 68,170 66,516 194,802 2,483 9,287 57,206 7,701 7,660 7,618 46,554 6,797 FY21 FY22 FY23 FY24 FY25
Slide 68: Standalone P&L Summary
Standalone P&L Summary Particulars (Rs. Mn.) Q1 FY26 Q4 FY25 Q1 FY25 QoQ YoY FY25 FY24 YoY Revenue 20,755 20,117 18,741 3.2% 10.7% 78,096 66,516 17.4% EBITDA 2,483 2,365 2,233 5.0% 11.2% 9,287 7,701 20.6% EBITDA Margin (%) 12.0% 11.8% 11.9% 20bps 10bps 11.9% 11.6% 31 bps Depreciation and 794 791 795
Slide 69: Product Innovation – Chemicals (Inks & Adhesives)
Product Innovation – Chemicals (Inks & Adhesives) FLEXCOTE RE UV-LED Dual Cure Ink FLEXPACK 5680 UV-Curable Matt Coating 2250/FLEXCOTE 9081LE Series ▪ FLEXPACK 5680 is a ▪ FLEXCOTE RE 2250 / 9081LE ▪ Next-Gen UV-LED Dual Cure ▪ UFlex UV-Curable Matt polyurethane resin under is a high-performance, tw
Slide 70: Product Innovation – Flexible Packaging
Product Innovation – Flexible Packaging Security featured Alu-Alu Pierceable Lidding Anti-counterfeit Tubes FlexFresh Printed job Laminate ▪ Counterfeiting threatens ▪ A premium blister packaging ▪ Special Properties: ▪ A biodegradable packaging India's pharma industry, solution combining brand • St
Slide 71: Product Innovation – Packaging Films
Product Innovation – Packaging Films F-HHS B-THU-M F-PDC B-PHT High Seal Strength Outstanding barrier & PVDC-Coated BOPET Film White Voided Both Sides Polyester Film Robust Seal Metallized for High Barrier & See- treated Sealable BOPP Film BOPP Film Through Packaging ▪ B-PHT is a high-yield, white ▪
Slide 72: Appendix
Appendix
Slide 73: Management & Shareholders Information
➢ Management Team Management & ➢ Shareholding Pattern Shareholders Information ➢ Group Structure ➢ UFlex Values
Slide 74: 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 75: Management Team
Management Team Professional Management with an average experience of > 25 Years in Business, Corporate, Project & Operational Excellence 30 Chandan Chattaraj, President, Human Resources (India and Global) 28 Amit Shah, Joint President and Chief Marketing Officer, Flexible • Three Decades of Experie
Slide 76: Shareholding Pattern – June 2025
Shareholding Pattern – June 2025 Historical Shareholding Pattern ( in %) Shareholding Categories Jun'24 Sep'24 Dec'24 Mar’25 Jun’25 Promoter Group 44.58 44.58 44.58 44.58 44.58 Others 24.36% FIIs, FPIs and FC 15.60 15.20 15.51 15.14 15.19 Promoter MF and AIF Group 0.28% 44.58% CBO, Insurance and FI
Slide 77: UFlex Group Holding Structure
UFlex Group Holding Structure CORPORATE STRUCTURE Integrated Flexible Packaging Solution Provider Outside India India 68% Business Holding Special Purpose Cultivation, Plastic Films International Sales & Sales & Sales & Investment Investment 59.17% activities incl. Vehicle for Freeze, Drying Manufac
Slide 78: 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 79: 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 80: Foreign Exchange Exposure
Foreign Exchange Exposure Q1 FY26 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 Closing Average Closing Average Closing Average Closing Average Closing Average USD 85.54 85.51 85.58 84.54 83.37 82.75 82.22 80.33 75.81 74.33 GBP 117.47 116.31 110.74 107.98 105.29 103.96 101.87 97.07 99.55 101.56 EURO 1
Slide 81: 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