UFLEX Limited

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imited Corporate Relationships Department 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai – 400001 Scrip Code : UFLEX Scrip Code : 500148 Subject: Updates o

rs 1985

f Dec. 31, 2024 An Overview Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners 1985 Established 5000+ Customer Base Presence Across 150+ Countries 16 Manufacturing Units 1,074,

1,074,110 MT

1985 Established 5000+ Customer Base Presence Across 150+ Countries 16 Manufacturing Units 1,074,110 MTPA1 Global Capacity* 10,000+ Workforce 7bn+ Aseptic Liquid Packs Capacity 300 mn+ Tubes Cap

74,317 MT

kforce 7bn+ Aseptic Liquid Packs Capacity 300 mn+ Tubes Capacity 1,090 mn+ Pouch Capacity 74,317 MTPA Recycling Capacity 5.4 bn+ PCR PET2 Bottles Recycled 64,330 MTPA Chemicals Capacity *Note

64,330 MT

1,090 mn+ Pouch Capacity 74,317 MTPA Recycling Capacity 5.4 bn+ PCR PET2 Bottles Recycled 64,330 MTPA Chemicals Capacity *Note: The total capacity of 1 million+ MTPA includes resins at 211,020 MTPA

1 million

5.4 bn+ PCR PET2 Bottles Recycled 64,330 MTPA Chemicals Capacity *Note: The total capacity of 1 million+ MTPA includes resins at 211,020 MTPA (vPET Chips 168,000 + rPET Chips 43,020), base films at 618,1

211,020 MT

d 64,330 MTPA Chemicals Capacity *Note: The total capacity of 1 million+ MTPA includes resins at 211,020 MTPA (vPET Chips 168,000 + rPET Chips 43,020), base films at 618,160 MTPA, inks and adhesives at 64,33

618,160 MT

llion+ MTPA includes resins at 211,020 MTPA (vPET Chips 168,000 + rPET Chips 43,020), base films at 618,160 MTPA, inks and adhesives at 64,330 MTPA, holography at 20,600 MTPA, flexible packaging at 100,000 MTP

20,600 MT

+ rPET Chips 43,020), base films at 618,160 MTPA, inks and adhesives at 64,330 MTPA, holography at 20,600 MTPA, flexible packaging at 100,000 MTPA, and aseptic liquid packaging at 60,000 MTPA.; The 31,297 MT

100,000 MT

618,160 MTPA, inks and adhesives at 64,330 MTPA, holography at 20,600 MTPA, flexible packaging at 100,000 MTPA, and aseptic liquid packaging at 60,000 MTPA.; The 31,297 MTPA MLP and moulding recycling capacit

60,000 MT

PA, holography at 20,600 MTPA, flexible packaging at 100,000 MTPA, and aseptic liquid packaging at 60,000 MTPA.; The 31,297 MTPA MLP and moulding recycling capacity is not factored into the overall capacity c

31,297 MT

20,600 MTPA, flexible packaging at 100,000 MTPA, and aseptic liquid packaging at 60,000 MTPA.; The 31,297 MTPA MLP and moulding recycling capacity is not factored into the overall capacity calculation. All l

“Private final consumption expenditure (PFCE) grew 6.0% in Q2 FY25.”

“From April 2023 onwards, ME Global prices are used for MEG; Note: Import duty, terminal handling charges, and local freight costs are not included in the price and will be added separately on this price.”

“11 Investment Proposition Aiming to achieve higher revenues, enhance profitability, and generate surplus cash flow.”

“Road Ahead A Circular & Greener Future: Project Plastic Fix Building circularity from plastic waste since 1995.”

“Proven Track Record in Financial Performance Delivered strong performance: Revenue grew at a 16.1% CAGR (2020–2024) and EBITDA at 10.2%.”

“13 1.b India’s Largest Flexible Packaging & Solutions Company 9M FY25 Consolidated Revenues 9M FY25 Consolidated EBITDA 120,000 100,000 80,000 60,000 40,000 20,000 - Rs.”

“Mn 14,242 6,336 6,411 5745 7,098 3,741 2,770 1,016 1,248 639 y l o P r a h a N i k a m a t h u H r e t s E o m s o C t s r i F e r a w r a G h c e T - i H e m T i l t s a p o n h c e T y l o P L P E l a d n J i l x e F U l x e p y l o P In 9M FY25, UFlex normalized EBITDA was Rs.”

“• Brand Development • Innovative Packaging Designs and Solutions • Packaging Market Insights • Post Packaging Service • Creates Deep Connections with Target Audience Strategic Web of Manufacturing Operations across Continents ensures: • Global Delivery in 15 Days • Customised Solutions • Address Country-wise Prerequisite Regulations for Packaging Solutions.”

“Mn) CAGR +16.1% +15.0% CAGR +10.2% +24.2% 147,845 132,368 135,098 89,149 74,316 155,363 4Q FY25E 42,263 9M FY25 113,100 17,834 10,924 22,680 20,680 20,000 16,103 4Q FY25E 5,758 9M FY25 14,242 2020 2021 2022 2023 2024 2025E 2020 2021 2022 2023 2024 2025E Reported Guidance 41 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’ Continues to Turn Waste into Wealth ➢ Innovations for Sustainable Re-Use ➢ ESG Project Plastic Fix: Paving the Way to a Circular, Greener and Sustainable Future 7.1 Circular Vision of UFlex Extended Producer Responsibility (EPR) for Packaging Mechanism Collect Recycle/ Reuse Biodegrade Problem Solution Sustainable Space High C B l y t i r a u c r i C A Low Carbon Footprint High Govt.Govt.”

Egypt

1

USA

1

Poland

1

Solutions Including

1

Thriving on

1

Shortfall in EPR Target are as Follows

1

Virgin PET Chips Line

1

Aseptic Packaging Facility

1

CPP Line

1

Egypt

Forayed with a BOPP Line 2020 2017 2013 • Dharwad (India): Started with a CPP/ a BOPET Lines. • Dubai: Added a CPP Line • Mexico: Added a PCR PET Chips Line CIS: Forayed with • a BOPET Line 2023 • Poland: Added 2nd BOPET Line 2024 • • • Sanand (India): Aseptic packaging plant commissioned

Poland

Forayed with a BOPET Line • • • Egypt : Started PCR PET Chips Plant Panipat: Started vPET Chips Plant (Bottle and film Grade) CIS: Added a CPP Line: Goal Targeting 24 Billion Carton Packs Capacity in Aseptic Packaging 1985 Started Engineering Business Added Printing Cylinder • Business to Portfolio 1986 1989 • • IPO listed on BSE Commenced Flexible Packaging Business • Egypt: Added a BOPET and a CPP Line 2011 2012 1. Biaxially oriented polyethylene terephthalate (BOPET); 2. Biaxially Oriented Polypropylene (BOPP) ; 3. Cast polypropylene (CPP) ; 4. Polyethylene terephthalate (PET); Post-Consumer Recycled (PCR); Polyethylene terephthalate (PET) 3 India Packaging Landscape Packaging Market Size Revenue in USD bn, Global Packaging Market, 2016-2027 Revenue in USD bn, India Packaging market, 2016-2027 CAGR growth Total Packaging Metal Glass Paper & Paperboard Flexible Plastic Rigid Plastic 2016 -2021 3.8% 3.2% 0.0% 4.5% 5.5% 3.1% 2022-2027 3.9% 2.9% 2.6% 5.3% 4.7% 2.1% 1,099 1,051 923 938 8

Solutions Including

• Brand Development • Innovative Packaging Designs and Solutions • Packaging Market Insights • Post Packaging Service • Creates Deep Connections with Target Audience Strategic Web of Manufacturing Operations across Continents ensures: • Global Delivery in 15 Days • Customised Solutions • Address Country-wise Prerequisite Regulations for Packaging Solutions. Develop up-to-date solutions

Thriving on

• Emerging Technologies • Packaging Solutions that Protect Food, People and Planet • Setting Trend in Food and Beverages (F&B), Dairy and Cosmetic Industries. Impact 39 5.0 Enduring Customer Relationship Nestle 8+ Kolak Snacks 8+ Truda Foods 8+ P&G 5+ Pepsi Co Mondelez Bemis Amcor Huhtamaki UPM Raflatac* American Pkg Dupont Teijin films 7+ 10+ 8+ 9+ 6+ 9+ 8+ 9+ Length of Customer Relationships Our clients *Note: UPM is pioneer customer of 100% PCR Asclepius Films; All logos displayed are the property of their respective organizations and are used solely for representational purposes 40 6.0 Proven Track Record in Financial Performance UFlex Consolidated Revenues (Rs. Mn) UFlex Consolidated Normalized EBITDA (Rs. Mn) CAGR +16.1% +15.0% CAGR +10.2% +24.2% 147,845 132,368 135,098 89,149 74,316 155,363 4Q FY25E 42,263 9M FY25 113,100 17,834 10,924 22,680 20,680 20,000 16,103 4Q FY25E 5,758 9M FY25 14,242 2020 2021 2022 2023 2024 2025E 2020 2021 2022 2023 2024 2025E Reported Guidance 41 At U

Shortfall in EPR Target are as Follows

1. Recycling 2. End of life Recycling 3. Mandated Use of Recycled Plastics EC to be Levied at INR 5,000/Ton, at INR 10,000/Ton for 2nd Time and INR 20,000/Ton for 3rd Time. EC can be Carried Forward up to 3 Years as per EPR Guidelines. 44 7.3 Sustainability: ’Project Plastic Fix’ Continues to Turn Waste into Wealth 478 mn (6,638 MT) PET Bottles Recycled in FY24 618 mn (8,579 MT) PET Bottles Recycled in 9M FY25 6,964 MT of MLP waste recycled in FY24 and 5,942 MT in 9M FY25 741,936 units in FY24 and 490,868 units in 9M FY25 of Core Plug & Adapter manufactured from MLP waste 100+ Product Variants, 6 Facilities Operational Since 1995 Marching Towards a Greener and Sustainable Tomorrow PCR PET Bottle & MLP Recycling rPET Flakes PCR (rPET) Chips ASCLEPIUS 100% rPET Content film rMLP Granules rMoulding Products 1. Post-Consumer Recycled (PCR); 2. Recycled polyethylene terephthalate (rPET) 3. Multi-layered packaging plastic (MLP) 4. Polyethylene terephthalate(PET); 5. Metric Ton (MT) 45 7.4 Ci

Virgin PET Chips Line

➢ A 216,000 MTPA virgin PET chips line in Egypt is expected to commence commercial operations by the end of Q4 FY25, with a planned project cost of ~USD 68 million, of which ~USD 65 million has already been incurred.