UFLEXNSE17 June 2025

UFLEX Limited has informed the Exchange about Investor Presentation

UFLEX Limited

UFLEX/SEC/2025/

The National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/l, G-Block Bandra-Kurla Complex Bandra (E), Mumbai – 400051

June 17, 2025

The BSE Limited 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 on non-deal roadshow of Investor Meetings

Dear Sir,

Further to our letter dated 13th June, 2025, regarding schedule of non-deal roadshow of Investor

Meetings to be held from 18th June, 2025 to 20th June, 2025, please find the copy of the Investor

Presentation which will be shared to the Investor(s) in the said Meeting(s). The Investor

Presentation

also

available

the

website

the

Company

https://www.uflexltd.com/company-presentation.php.

Further, no unpublished price sensitive information will be shared during the said Investor

Meetings.

Kindly take the same on your records.

Thanking You,

Yours faithfully, For UFLEX LIMITED

(Ritesh Chaudhry) Sr. Vice President - Secretarial & Company Secretary

Encl : As above

UFLEX LIMITED

INVESTOR PRESENTATION

June 2025 Noida, India

Stock Code: BSE - 500148, NSE - UFLEX Common Stock Outstanding: 72.2mn as of Mar 31, 2025

An Overview

Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners

1985 Established

5000+

Customer Base

Presence Across

150+

Countries

17 Manufacturing Units

1,313,510 MTPA1 Global Capacity*

10,000+ Workforce

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

69,730 MTPA Chemicals Capacity

*Note: The total capacity of 1.3 million+ MTPA includes resins at 427,020 MTPA (vPET Chips 384,000 + rPET Chips 43,020), base films at 636,160 MTPA, inks and adhesives at 69,730 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 capacity is not factored into the overall capacity calculation. All logos displayed are the property of their respective organizations and are used solely for representational purposes.; 1. Metric tonnes per annum (MTPA) ; 2. Post-Consumer Recycled polyethylene terephthalate (PCR PET)

Journey so far: Growing as a Global Player in Flexible Packaging

• Aseptic Packaging:

Annual Capacity Doubled to 7 Bn Packs

2022

• Diversified into

Holography Business

Noida (India): • Added 1st CPP3 Line

2003

2004

2005

• Dubai: First

Overseas Foray with a BOPET film line

Noida (India): • Added 1st BOPP2 Line

1996

Noida (India): • 1st BOPET1 Line • Chemicals Business

Launched

1994

2009

• Mexico:

Commissioned a BOPET Line

2010

• Egypt: Forayed

with a BOPP Line

2011

• Egypt: Added a BOPET and a CPP Line

2021

• Hungary: Forayed with a BOPP Line • Nigeria: Forayed

with a BOPET Line • Egypt: Added 2nd BOPP Film line

2020

• CIS: Forayed with a

BOPET Line

• Poland: Added 2nd

BOPET Line

2017

• Sanand (India):

Aseptic packaging plant commissioned

2023

2024

• Dharwad (India): Started with

a CPP/ a BOPET Lines. • Dubai: Added a CPP Line • Mexico: Added a PCR PET

Chips Line

• Egypt : Started PCR PET Chips

Plant

• Panipat: Started vPET Chips Plant (Bottle and film Grade)

• CIS: Added a CPP Line:

2025

• Mexico: commissioned a CPP line • Egypt: commissioned vPET chips

plant

2026

• Sanand: Planned capacity ramp-up to 12 Bn5 packs/year from current 7 Bn.

• Egypt: To commission Aseptic

packaging plant (12Bn packs/annum) • Mexico: Planned commissioning of 80

million capacity WPP6 bag facility

• Noida: Setting up two recycling plants, one for PCR PET chips and the other for PCR MLP.

Goal

• Added Printing

Cylinder Business to Portfolio

1985 Started Engineering Business

1986

2012

2013

1989

• IPO listed on BSE • Commenced Flexible Packaging Business

• Poland:

Forayed with a BOPET Line

• USA: Forayed with a BOPET Line

• On track to achieve 24 Billion carton packs/year

aseptic nameplate capacity by FY 2026

• Focused investments in aseptic & WPP poised to

uplift margins and returns profile

Upcoming

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) ; 5. Billion (Bn) ; 6. Woven Polypropylene (WPP);

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

888

6 1 1

7 6

2 1 3

8 6 1

5 2 2

0 2 1

9 6

8 2 3

6 7 1

0 3 2

1 2 1

9 6

8 3 3

0 8 1

0 3 2

1,002

9 2 1

3 7

5 6 3

4 9 1

2 4 2

4 3 1

5 7

8 8 3

4 0 2

9 4 2

9 3 1

8 7

1 1 4

5 1 2

6 5 2

832

857

0 1 1

3 7

3 9 2

8 4 1

8 0 2

3 1 1

5 6

7 9 2

1 6 1

1 2 2

1,275

1,233

1,190

1,145

4 4 1

0 8

4 3 4

6 2 2

2 6 2

8 4 1

2 8

6 5 4

6 3 2

8 6 2

1 5 1

4 8

9 7 4

7 4 2

3 7 2

5 5 1

5 8

1 0 5

7 5 2

7 7 2

1400

1200

1000

800

600

400

200

160

140

120

100

CAGR growth Total Packaging Metal Glass Paper & Paperboard Flexible Plastic Rigid Plastic

2016 -2021 9.8% 8.6% 6.7% 10.8% 10.3% 9.3%

2022-2027 10.2% 8.8% 8.0% 11.6% 10.2% 9.2%

102

1 1

8 3

4 2

0 2

0 1

4 3

2 2

8 1

0 3

9 1

6 1

4 2

6 1

4 1

2 2

5 1

3 1

6 2

7 1

5 1

8 1

2 1

0 1

9 1

3 1

2 1

150

5 1

2 1

8 5

5 3

137

4 1

1 1

2 5

124

3 1

0 1

7 4

2 3

9 2

113

2 1

2 4

7 2

2 2

4 2

6 2

8 2

2016

2017

2018

2019

2020

2021

2022

2023E 2024P 2025P 2026P 2027P

2016

2017

2018

2019

2020

2021

2022

2023E 2024P 2025P 2026P 2027P

Source: CRISIL report

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 % Capacity Production Consumption

2017-2022 2022-2027

6.38% 6.54% 6.04%

6.21% 5.03% 4.11%

6,959

4 7 1 5

2 2 2 5

2017

9,480

1 0 1 7

2 0 0 7

2022

Capacity

Production

11,163

1 8 4 7

4 5 2 7

12,814

6 7 0 9

6 6 5 8

2023 Consumption

2027

CAGR % Capacity Production Consumption

2016-2021 2021-2026

4.6% 5.0% 5.0%

5.4% 4.3% 4.1%

11,544

6 5 7 7

5 1 8 7

2016

13,711

8 4 4 9

9 2 5 9

14,449

8 1 9 9

3 8 9 9

15,637

5 7 3 0 1

0 7 3 0 1

2020 Capacity

2021 Production

2022

Consumption

18,775

5 5 2 2 1

4 8 1 2 1

2026

India BOPET P. Film Mkt Size 2017-2027: ‘000 MTPA

India BOPP P. Film Mkt Size 2016-2026: ‘000 MTPA

CAGR % Capacity Production Consumption

2017-2022 2022-2027

6.8% 6.7% 8.1%

8.2% 7.0% 5.5%

730

9 6 5

5 3 4

2017

1,016

8 8 7

2 4 6

2022

1,254

8 6 8

3 7 6

1,507

7 0 1 1

1 4 8

2023

2027

Capacity

Production

Consumption

CAGR % Capacity Production Consumption

2016-2021 11.3% 8.5% 8.6%

2021-2026 6.2% 7.7% 9.9%

666 4 5 3

4 7 4

2016

941

0 6 6

2 8 4

1,136

0 1 7

7 3 5

1,238

0 4 8

9 8 5

2020 Capacity

2021

Production

2022 Consumption

1,535

8 2 0 1

0 6 8

2026

Source: BOPET: AMI BOPET films – The global market 2023 report; BOPP: AMI BOPP films – The global market 2022 report; 1. Biaxially oriented polyethylene terephthalate (BOPET); 2. Biaxially Oriented Polypropylene (BOPP); Packaging Film (P. Film);

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

2025F

2029F

19.5 ; (4.5%)

USA

China

Germany

4.9 ; (0.8%)

Japan

India

4.4 ; (1.1%)

4.3 ; (6.5%)

3.7 ; (1.5%)

30.3 ; (2.2%)

USA

35.5 ; (2.2%)

24.6 ; (4.5%)

China

India

6.3 ; (6.5%)

Germany

5.6 ; (0.8%)

Japan

5.1 ; (1.1%)

4.4 ; (1.5%)

France

3.3 ; (1.1%)

France

3.7 ; (1.1%)

USA

Germany

France

Japan

2025F

89.7

57.9

54.3

49.5

35.6

USA

Germany

France

Japan

2029F

103.0

65.3

62.8

55.6

42.1

China

13.9

China

17.5

India

2.9

CAGR ~9.7%

India

4.2

Rapid Urbanisation

India's Polymer Consumption: Underpenetrated with ≥4–7x growth potential

2024F: Population (Mn)

India: Urban Population as % of Total Population

Consumption per Capita of Virgin Polymer 2021-22 (Kg)

India

China

USA

337

Japan

124

Germany

France

1442

1409

2036E

2022

2011

2000

1975

1960

40%

36%

30%

28%

21%

18%

112.0

Growth Opportunity

32.2

62.4

15.0

India

Brazil

China

USA

Source: GDP & population: IMF.org; Polymer consumption: PLASTINDIA foundation; Urban population as % of Total Population: Horwath HTL, Analyst Reports

Evolving Business Landscape of Packaging and Packaging Films

STEADY ECONOMIC GROWTH

FMCG DEMAND

SUSTAINABLE PACKAGING

Steady economic growth amidst global challenges

Rural outpaced urban with govt welfare schemes

EPR commitments to promote sustainable packaging

Macro Economic Environment

Global Growth Slowdown amid Policy Shifts

India to Maintain Strong 6.5% Growth in FY26F

Real GDP Growth (YoY %)

7.7

Real GDP Growth (YoY %)

3.7

2.1

2.4

1.4

6.5

7.6

9.2

6.5

3.3

2.8

3.0

World

1.8

1.4

1.5

Advanced Economies

2.8

1.8

1.7

0.9

0.8

1.2

5.0

4.0

Euro Area

China

2024

2025F

2026F

2010-2019 avg

FY19

FY23

FY24*

FY25*

FY26F

•

Global growth projected at 2.8% in 2025 and 3.0% in 2026 — lower than IMF’s

•

India’s economy is projected to grow by 6.5% in FY2026

January 2025 forecast of 3.3% for both years.

Outlook for US and other advanced economies has been revised downward

amid rising policy uncertainty, trade tensions, and weaker demand.

Real GDP growth stood at 7.4% in Q4FY25, resulting in 6.5% in FY25.

Private final consumption expenditure (PFCE) likely to be 7.6% in FY25.

Rural demand, backed by lower food inflation (CFPI) and favorable

April’25 tariffs are expected to offset the strong carryover from 2024 and

fiscal and monetary policies.

impact growth negatively for the Emerging market & developing economies.

o Geopolitical and trade uncertainties pose risks to growth forecasts.

Easing US-China trade disputes may temper bearish global economic

o Despite the slowdown, India remains among the fastest-growing major

forecasts, though uncertainty remains.

economies, driven by resilient consumption and government spending.

Source: Global outlook: IMF’s April 2025 World Economic Outlook (WEO) report, India: RBI, & MoSPI; Forex reserve as of March 28, 2025 : RBI * FY24 GDP figure is First Revised Estimates (FRE) while FY25 GDP figure is Second Advance Estimates (SAE)

Evolving Consumption Trends

Value on the Rise Despite Volume Moderation

Volume: Rural continue to surpass Urban Growth

Rainfall Status: -3% LPA (1st Oct’24 – 31st Dec’24)

FMCG growth %

FMCG volume growth % in Rural & Urban

10.2%

11.0%

7.2%

6.5%

6.1%

5.4%

3.6%

3.3%

2.8%

6.3%

5.1%

5.3%

4.9%

5.8%

1.3%

1.9%

9.2%

8.4%

4.2%

2.6%

JFM'24

AMJ'24

JAS'24

OND'24

JFM'25

JFM'24

AMJ'24

JAS'24

OND'24

JFM'25

Value

Volume

Rural

Urban

CPI Lowest since Feb 2019, CPI Food since Oct 2021

Consumer Non-durables Growth Straggles

CPI Food

% 9 0 % 1 2 9

CPI

% 0 9

% 4 8

% 3 8

% 7 8

% 5 8

% 7 8

% 4 9

% 4 5

% 7 5

% 0 6

% 3 4

% 8 3

% 6 3

% 2 6

% 5 5

% 2 5

% 5 % 5 7 3

4 2 g u A

4 2 p e S

4 2 - t c O

4 2 - v o N

4 2

- c e D

5 2 - n a J

5 2

b e F

% 1 5

% 9 4

% 8 4

% 1 5

4 2 - n a J

4 2 b e F

4 2 - r a M

4 2 - r p A

4 2

- y a M

4 2 - n u J

% 6 3

4 2

- l u J

5.2%

2.8%

2.2%

2.8%

0.3%

-1.0%

0.6%

0.1%

-3.2%

-2.5%

-4.2%

-4.4%

-1.7%

-2.1%

-4.0%

-7.1%

4 2 - n a J

4 2 b e F

4 2 - r a M

4 2 - r p A

4 2

- y a M

4 2 - n u J

4 2

- l u J

4 2 g u A

4 2 p e S

4 2 - t c O

4 2 - v o N

4 2

- c e D

5 2 - n a J

5 2 b e F

5 2 - r a M

5 2 - r p A

% 3 3

% 7 2

5 2 - r a M

% 2 3

% 8 2

% 8 1 5 2 - r p A

% 0 1

5 2

- y a M

Large Excess 60% or more

Excess 20%-59%

Normal -19% to 19%

Deficient -59% to 20%

A below normal monsoon during the period

Source: FMCG consumption growth and FMCG volume growth % in rural & Urban: NIQ, market intelligence ; CPI Food & CPI: MoSPI, Consumer non-durable growth: Estimates of IIP MoSPI; Rainfall status: IMD Figure for Apr-25 IIP data is a quick estimate

Pricing Trends of Packaging Films and Related Commodities

Both BOPET and BOPP prices in India on a rising trend

Volatile Commodity Prices: Softened, Then Rising Again

4 5 4 1

1 5 3 1

2 6 2 1

9 2 2 1

1 2 2 1

8 9 2 1

4 7 2 1

5 8 2 1

0 6 1 1

1 2 2 1

2 9 1 1

0 2 1 1

0 0 1 1

0 6 0 1

0 3 1 1

5 9 0 1

0 9 9

5 9 9

8 7 9

6 0 0 1

3 8 0 1

8 0 0 1

2 1 0 1

6 2 0 1

4 9 9

0 6 9

5 2 9

9 2 9

2 4 9

3 2 9

0 4 9

6 3 9

0 5 9

0 9 3 8 1 5 2 1

8 4 4 1

0 8 2 1

8 6 2 1

0 4 2 1

2 5 2 1

7 4 2 1

6 2 2 1

8 0 3 1

0 2 3 1

8 5 2 1

0 6 2 1

8 8 4 1

2 8

6 2 8

6 4 8

4 8 7

0 2 2 1

3 1 2 1

0 1 2 1

8 8 1 1

7 7 0 1

0 4 1 1

8 0 1 1

5 4 1 1

2 3 1 1

3 5 0 1

3 0 0 1

3 7 9

7 3 9

7 3 9 2

6 8

1 0 8

8 7

7 6 7

5 4 7

0 3 7

0 8

6 6 7

5 5 7

8 4 7

5 5 7

7 3 7

4 0 7

5 9 6

6 0 9

9 2 8

1 0 8

7 7

9 9 8

4 5 8

5 3 8

2 5 8

8 1 8

3 2 8

6 7 7

9 6 7

9 5 7

1 8 7

8 7

1 8 7

6 9 7

8 8 7

6 3 8

5 2 8

2 3 7

7 2 7

3 2 7

6 2 7

0 2 7

9 0 7

0 4 7

0 8 7

5 7 6 7 3 7

4 0 8

3 9 7

7 2 7

6 5 7

4 7

4 4 7

9 3 7

3 0 7

3 1 7

2 0 7

7 0 7

3 9 7

5 7

0 4 7

0 5 7

7 2 7

8 2 7

2 3 6

1 2 6

0 2 6

6 2 6

0 7 6

0 6 6

8 4 6

4 4 4

0 4 4

2 4

6 2 4

9 2 4

3 2 4

0 4 4

0 1 4

9 0 4

0 7 4

9 7 4

6 7 4

7 6 4

6 6 4

6 5 4

7 8 4

2 9 4

8 9 4

6 9 4

7 0 5

1 1 5

2 0 5

1 8 6

0 6 6

9 8 5

2 5 4

7 8 6

3 0 7

5 4 6

5 8 6

3 3 6

3 1 6

6 6 4

7 6 4

8 0 3 8 6 7

4 6 7

5 4 7

9 9 6

5 8 6

9 7 4

8 5 4

3 2 - n a J

3 2 - b e F

2 6 5

3 7 3

3 2 - r a M

3 2 - n a J

3 2 - b e F

3 2 - r a M

3 2 - r p A

3 2 - y a M

3 2 - n u J

3 2 - l u J

3 2 - g u A

3 2 - p e S

3 2 - t c O

3 2 - v o N

3 2 - c e D

4 2 - n a J

4 2 - b e F

4 2 - r a M

4 2 - r p A

4 2 - y a M

4 2 - n u J

4 2 - l u J

4 2 - g u A

4 2 - p e S

4 2 - t c O

4 2 - v o N

4 2 - c e D

5 2 - n a J

5 2 - b e F

5 2 - r a M

5 2 - r p A

5 2 - y a M

5 2 - n u J - 9 1

18 micron plain BOPP film average monthly price (Rs./ KG)

12 micron plain BOPET film average monthly price(Rs./ KG)

3 2 - r p A

3 2 - y a M

3 2 - n u J

3 2 - l u J

3 2 - g u A

3 2 - p e S

3 2 - t c O

3 2 - v o N

3 2 - c e D

4 2 - n a J

4 2 - b e F

4 2 - r a M

4 2 - r p A

4 2 - y a M

4 2 - n u J

4 2 - l u J

4 2 - g u A

4 2 - p e S

4 2 - t c O

4 2 - v o N

4 2 - c e D

5 2 - n a J

5 2 - b e F

5 2 - r a M

5 2 - r p A

5 2 - y a M

5 2 0 2

9 e n u J

PTA

MEG

MELT

Brent Crude Spot Price

Rs/Kg: PTA, MEG, MELT; USD/barrel: Europe Brent Crude Spot Price FOB

BOPET & BOPP film price: Market intelligence; PTA and MEG prices represent the average of ICIS and PLATTS CFR rates; MELT prices are derived from PTA and MEG rates; Note: Handling charges, and local freight costs are not included in the CFR price and will be added separately on this price. Brent crude oil: EIA; monthly prices are calculated by the U.S. Energy Information Administration (EIA) by taking an unweighted average of the daily closing spot prices. * PTA and MEG prices for June reflect the average CFR rates up to June 14, 2025.

*The charts above exhibit the trend of average market prices and do not represent UFlex’s actual sale or purchase prices.

Investment Proposition

Focused investments in aseptic packaging & WPP to drive revenue growth, higher profitability, and surplus cash flows.

Road Ahead

A Circular & Greener Future: Project Plastic Fix

Building circularity from plastic waste since 1995. Successfully recycled 0.5+ mn tons of MLP so far.

India’s Largest Flexible Packaging Solutions Company The largest flexible packaging company, with Rs. 152 billion in revenue and Rs. 19 billion in EBITDA, has been catering to P. films, converting, FMCG, and pharmaceutical customers for 35+ years.

Presence Across Flexible Packaging Value Chain Spanned over PET resins, Packaging films, Converting, Aseptic, Inks & Adhesives, Holography, Printing cylinders and Engineering.

Proven Track Record in Financial Performance

Delivered strong performance: Revenue grew at a 15.4% CAGR (2020–2025) and EBITDA at 11.7%.

Enduring Customer Relationships

Long customer relationships built over superior delivery, reach and after-sales service.

Global Manufacturing Footprint

17 strategically located state-of-the-art plants across 5 continents and 9 countries

Supremacy in Packaging Solutions Landscape

Only integrated flexible packaging company in India, offering both standalone and end-to-end packaging solutions.

India’s Largest Flexible Packaging & Solutions Company

FY25 Consolidated Revenues

FY25 Consolidated EBITDA

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

Rs. Mn

151,838

69,806

54,623 57,827

42,569

21,638

25,548

29,696

12,990

6,839

y l o P r a h a N

r e t s E

e r a w r a G

h c e T

- i

o m s o C

t s r i F

L P E

k a m a t h u H

e m T

t s a p o n h c e T

y l o P

a d n J

x e F U

x e p y l o P

20,000

18,000

16,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

Rs. Mn

19,024

7902

7,914

8,448 8,795

6,324

3,624

1,510 1,641

941

y l o P r a h a N

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

x e p y l o P

e m T

t s a p o n h c e T

x e F U

y l o P

L P E

a d n J

In FY25, UFlex normalized EBITDA was Rs. 19,024 million. This normalized EBITDA figure includes adjustments of Rs. 836 million related to foreign currency gain/loss and profit/loss in derivative instruments; Huhtamaki data is as per calendar year ’24 ; *FY25 figures for Jindal Poly are annualized based on 9MFY25 data

2.a Presence across all Verticals of Packaging Value Chain

Process Flow Diagram

Main Feedstock

Key Downstream RM

RM for P. Films

NGL Ethane, Propane, Butane, Naphtha

Ethylene

MEG1

MELT

vPET Chips for bottles & films

Para Xylene

PTA2

Natural gas Liquids (NGL)

Propylene

rPET6 Chips for bottle & films

Packaging Films Business

BOPP8 BOPET7 CPP9 Metalized Alox Coated films Speciality films PCR Grade PET films “ASCLEPIOUSTM”

UFlex Presence

Flexible Packaging Business

Ink & Adhesives

Printing

Lamination

Extrusion & Slitting

Flexi-tubes, Lids and Pouches Inno-lock Pouches Pocket PTC Zipper Bags for Baby & Hygiene Markets Hygiene films Pet Food Bags Cement Bags Confectionery & Embossed foils Spot Embossing Electron Beam curing

Crude Oil

Polypropylene

PP4 Resins

Printing Cylinders

Holograms & Shims

Converting Machine

Packaging Machine

Aseptic Packaging Business

Design

PPC

Aseptic Packaging Material (roll form)

Ethylene

Polyethylene

PE3 Resins

1. Mono ethylene glycol (MEG: ); 2. Purified terephthalic acid (PTA:); 3. Polyethylene (PE); 4. Polypropylene (PP) 5. Virgin polyethylene terephthalate (vPET ); 6. Recycled polyethylene terephthalate (rPET) ; 7. Biaxially oriented polyethylene terephthalate(BOPET); 8. Biaxially Oriented Polypropylene (BOPP); 9. cast polypropylene (CPP); Packaging Films (P. Films)

Supply to Customers

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)

vPET Chips Bottle Grade

BOPET P . Films

BOPP P. Films

CPP P. Films

rPET Resins Film Grade

Value Added P. Films

rMLP Granules & Moulding Products

Metalized P. Films

Aluminium oxide (AlOx) coated P. Films

Specialty P. Films

PCR P. Films

Holography

Printing Cylinders

Engineering

Supply to Customers

Aseptic Packaging

1. Virgin polyethylene terephthalate (vPET ); 2. Recycled polyethylene terephthalate (rPET) ; 3. Biaxially oriented polyethylene terephthalate(BOPET); 4. Biaxially Oriented Polypropylene (BOPP); 5. Cast polypropylene (CPP) 6. recycled multi-layered and multi-layered plastic packaging(rMLP); Packaging Films (P. Films)

2.1a

PET Resins Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Products

vPET Chips Film Grade

vPET Chips Bottle Grade

rPET Chips Film & Bottle Grade

rMLP Granules, Moulding

BOPET P. Films

PET Bottles

100% PCR P. Film, ASCLEPIUSTM

Household Equipment

Usage

PET Chips

70% PTA

30% MEG

Major Grade

Intrinsic Viscosity (dl/g)

Film

0.625 ± 0.01 - 0.640 ± 0.02

Mineral Water Bottle 0.76 ± 0.02

Carbonated Beverage & Soft Drink (CSD)

0.80 ± 0.02 - 0.84 ± 0.02

Caps/Closures

Toys

Containers

Dustbins

rPaper Bags

rTubes

rPaper Tubes

Electrical, Thermal Insulation

1. Mono ethylene glycol (MEG); 2. Purified terephthalic acid (PTA); 3. post-consumer recycled (PCR); 4. Polyethylene terephthalate (PET); 5. Virgin polyethylene terephthalate (vPET ); 6. Recycled polyethylene terephthalate (rPET); 7. recycled multi-layered and multi-layered plastic packaging(rMLP); 8. Biaxially oriented polyethylene terephthalate(BOPET); PET Production RM: 70% PTA, 30% MEG by Weight: sciencedirect.com

2.1b

PET Chips Process Flow Diagram

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

PET Resin Process Flow Diagram

Crude Oil

Purifies Terephthalic Acid (PTA)

Preforms

PET Bottles

Presence

Petroleum

Polymerization

PET / Polyester

PET P. Film

Packaging films

Natural Gas Liquids

Monoethylene Glycol (MEG)

Polyester Fiber

Polyester Textiles

Energy/Upstream (PX & Ethylene)/Downstream

Polyester Chain (PTA , MEG & Polyesters)

End-use Markets & Products

1. Mono ethylene glycol (MEG: ); 2. Purified terephthalic acid (PTA); 3. Polyethylene terephthalate (PET); Packaging Films(P. Films);

2.2a

Packaging Films Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Products

Usage

BOPET1 P. Films

Metallised P. Films

Pouches

Tubes

Printing / Lamination

Release Films

BOPP2 P. Films

Aluminium Oxide (AlOx)Coated P. Films

Pharmaceutical

Photo Albums

Overwraps (CDs, cigarettes, cartons)

Packaging / Conversion

CPP3 P. Films

Speciality P. Films

Synthetic Papers

Holography

Adhesive Tapes

Electrical, Thermal Insulation

1. Biaxially oriented polyethylene terephthalate(BOPET); 2. Biaxially Oriented Polypropylene (BOPP); 3. Cast polypropylene (CPP); Packaging Films(P. Films);

2.2b

Packaging Film Manufacturing Process Flow Diagram

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Film Manufacturing Process Flow Diagram

BOPET P. Film Raw Material (vPET1 chips & rPET2 chips)

Front-end Process

Hooper

Filter

Fixed Quantity Pump

Casting

Forward Stretching

Die

UV Irradiation

Drying

Cutting

Rolling

Drying /UV Irradiation

Coating

Back-end Process

Lateral Stretching

Heat Treatment

BOPET Film Rolling

BOPET Film Unrolling

1. Virgin polyethylene terephthalate (vPET ) chips ; 2. Recycled polyethylene terephthalate (rPET) chips

2.3a

Flexible Packaging Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Flexible Laminates

Pre-formed Pouches

Flexo Printed Rolls & bags

Electron Beam and Cast 'n’ Cure

Food Products

Personal Products

Contraceptives

Pharmaceutical Products

Products

Usage

Flexi Tubes

Hygiene films

Woven Polypropylene (WPP) Bags

Pharmaceutical Packaging

Soaps & Detergents

Agrochemical Products

Oil & Lubricants

Pet Food Products

FlexFresh Modified Atmosphere Packaging

Premium Shower Proof Bag

Six-layer Cotton N95 Mask

Injection Moulded Products

Baby & Feminine Hygiene Products

Fresh Produce

Cement & Paint Products

2.3b

Composition of Tubes and Pouches

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Tube Composition

Pouch Composition

PP/PE/MET CPP/MET PE Adhesive BON Adhesive FOIL/MET PET/MET BOPP Adhesive Ink PET/BOPP/Paper/PVDC PET/ Alox PET/Siox PET

Laminate Multilayer

Paper/PET/METPET/PVC/Foil /BOPP/BON/PE

Inks/ reverse Print

Adhesive/Glue/Binder/Coatings

Paper/PET/MET PET/PVC/Foil /BOPP/BON/PE

PP/PE/OPP/SL Coat/HSL Coat/HM

1. Polyethylene terephthalate (PET); 2. Ethylene vinyl alcohol (EVOH); 3. Silicon oxide (SiOx); 4. Aluminum oxide (AlOx ); 5. Biaxially oriented nylon film (BON ); 6. Machine Direction Orientation (MDO )

2.4a

Asepto – Aseptic Liquid Packaging Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Asepto Packaging Material

Brick Packs, Trio Packs and Pillow Packs

Asepto Speed 25,000 - Automated and Sophisticated Filling Machine

Products

Dairy Industries

Beverage Industries

Distillery Industries

Usage

2.4b

Asepto – Aseptic Liquid Packaging is a Six Layered Product

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Products

Composition of 6 Layers of Asepto Carton

How is an Aseptic Carton made

BASE

SLIM

ULTRA LEAN

6 Layer Aseptic Carton

SQUARE

CURVE

TRIO

15%

PILLOW

SPECTRA

CROWN

MID

80%

Polyethylene

Aluminium Paper board

Sanand to reach 12 bn Packs by H1FY26; Egypt's Greenfield Plant to add 12 bn, taking Asepto's Total Capacity to 24 bn by FY26.

1. Metallocene Polyethylene (mPE); 2. Polyethylene (PE); 3. Nucrel: copolymers of ethylene and methacrylic or acrylic acids Source: How is an aseptic carton made: Indian Institute of Packaging, Mumbai

2.5a

Chemical Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Products

Ink Products

Radiation Curable Ink Coatings

Water-based (WB) Inks

Water-based (WB) Coatings

Flexible Packaging

Rigid Packaging

Corrugation

Usage QSR

Liquid Inks

PU Inks Binders

Solvent-Based (SB) Specialty Coatings

Heat Seal

Food Packaging

Offset Industries

Labels Industries

Industrial

Laminating Adhesives

Solvent-Based (SB) Flexible Packaging

Water-Based (WB) Flexible Packaging

Solvent-Free (SF) Flexible Packaging

Water-Based (WB) Offset Industries

Water-Based (WB) Coatings/ Varnishes Offset and Flexo

Visible Security Coatings

E-commerce Paper Bag

Paper Bag Applications

1. Quick-service restaurant(QSR); 2. Industrial Applications: UV Coatings, PVC Profile, Edge Bending, PVC Marble, SPC Flooring, PVC Marble Edge Bending, Tape WPC (Wood Polymer Composite).

2.5b

Water Base Adhesive & Coating Process Flow Diagram

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Process Flow Diagram – Water-based Adhesive & Coating

Crude Oil

Monomers (Acrylic, Vinyl, Styrene etc.)

Petroleum

Emulsion Polymerization

Emulsion Polymer

Emulsifiers (Sulphates, Sulphonates, Ethoxylates etc.)

Adhesive (Acrylic based, PVA based & VAE based)

Coatings (Acrylic based)

Flexible Packaging

Rigid Packaging

Paper Bags

Over Print Varnish

Heat Seal Coating

Barrier Coating

Energy, Upstream / Downstream

Polymer Chain

End-use Markets & Products

2.5c

PU Adhesive Process Flow Diagram

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Process Flow Diagram – PU Adhesive

Petroleum

Crude Oil

Glycols +Acids

Diisocynate

Route

Polymerization

Glycols +Acids

Biobased Material

Purified Castor Oil

PU SF/SB Adhesive

PU Ink Binder

Polyols

Flexible Packaging

Gravure and Flexographic Printing

Insulation Foam/Footwear

Energy, Upstream, Downstream

Polymer Chain

End-use Markets & Products

1. polyurethane (PU)

2.5d

Inks Process Flow Diagram

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Process Flow Diagram – Inks

Flexo Printing Machine

Pigments PIGMENT RED 57:1 / Pigment Blue 15 / Pigment Yellow 13/Carbon Black

Resins Polyamide / Nitro cellulose / Vinyl / Polyurethan / EVA

Solvents Esters / Alcohols / Hydrocarbons

Additives Scuff / Slip / Antifoam etc.,

Bead Mill

Gravure Printing Machine

Raw Materials

Grinding

Printing & Lamination

Final Laminates / Pouches

2.6

Engineering Products and Application

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Application

Packaging Machines

Converting Machines

Speciality Products

Asepto Machines

Form Fill & Seal machines

CI Flexo & Rotogravure Printing Machines

Inspection/Rewinding Machines

Auger Filler

Flexpress 7800

Wrapping Machines

Lamination Machines

Doctoring Machines

Volumetric Cup Filler

Asepto Flexpress 10000

Products

Special Purpose Machines

Slitting/Rewinding Machines

Pouch Making Machines

Weigh Filler

Asepto Flexpress 25000

2.7

Printing Cylinders Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Printing Cylinders Composition

Products

Gravure Printing Cylinders

Flexo Plates

Flexo Elastomer Plates

Rotogravure Printing Cylinder – Composition of Four Layers

Usage

Printing Industries (Gravure and Flexo)

Wooden Laminates

Wallpaper Design

Gift Wrappers & Greeting Cards

2.8a

Holography Products and Usage

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

Hologram

Products

Holographic films (Wide web films)

Textile Value Addition Products

Pharmaceutical

Ecommerce

Automobiles

Usage

Hot Stamping Foil

Holographic Metallised Paper & Board Transfer

Labelling Solution

FMCG Business

Cosmetics

Liquor Industries

Food & Beverage

Textile

Electronics

2.8b

Holography Process Flow

Resins

Packaging Films

Flexible Packaging

Aseptic Liquid Packaging

Chemicals (inks and adhesives)

Engineering

Printing Cylinders

Holography

BOPP / PET / CPP FILM / PVC / FOIL

Coating (for Holo. Embossing)

UV Holography Embossing

Metallizing

DG / LAQUER Coating (Soluble Dye)

Slitting in size (as per customer req.)

Holography Film

Stamping Foil

Textile Application film

Flexible Packaging

Hologram

Carton Packaging

Pharma Pack

Textile

Graphic

Plastic / Other

Sequence

Hotmelt film

Glitter

Raw Material

Machinery

Conversion Process

Product

Applications

Final Product

1. Biaxially oriented polyethylene terephthalate(BOPET); 2. Biaxially Oriented Polypropylene (BOPP); 3. cast polypropylene (CPP); 4 Polyvinyl chloride (PVC)

3.0

Global Manufacturing footprints

16 State-of-the-Art Manufacturing Facilities Strategically Located across 5 Continents and 9 Countries

Overall Global Capacity of 1 mn+ MTPA: Ready to deliver Anywhere in the World within 15 Days

Americas

Capacity (MTPA)

30,000

78,000

Europe

Capacity (MTPA)

75,000

48,000

42,000

Middle East & Africa

Capacity (MTPA)

Hungary (Packaging Films)

Kentucky, US (Packaging Films)

Mexico (Packaging and CPP Films)

Nigeria (Packaging Films)

, Egypt, (Packaging Films, vPET chips)

Plant

Mexico

Plant

Poland

CIS

Hungary

Plant

Dubai

Nigeria

Egypt p. film

Egypt vPET Chips

40,000

45,000

1,14,000

2,16,000

Plant

India

Capacity (MTPA)

Packaging Films Business

Noida & Dharwad

1,64,160

Flexible Packaging

Noida & Jammu

1,00,000

Stupino, CIS (Packaging Films)

Września, Poland (Packaging Films)

Jammu, India (Flexible Packaging)

Aseptic Liquid Packaging

Bangladesh

Noida, India (Packaging Films and Flexible Packaging) Panipat, India (PET Chips) Sanand, India (Aseptic Liquid Packaging)

Dharwad, India (Packaging Films)

Sanand

60,000

Virgin PET Chips – Panipat

1,68,000

Holography

Chemicals (Inks & Adhesives) Noida and Jammu

20,600

69,730

Jebel Ali Free Zone Dubai, UAE (Packaging Films)

Business Centres

Americas

Europe

Middle East & Africa

India

Bangladesh

India: Technological enhancement over the period in the Noida plant improved UFlex India’s combined (Noida+ Dharwad) capacity to 164,160 MTPA from 155,000 MTPA; CIS: The plant capacity increased to 48,000 MTPA post commissioning of the new CPP line (18,000 MTPA) in Apr ‘24; Hungary: Technological enhancement over the period upgraded the plant capacity to 45,000 MTPA from 42,000 MTPA (commissioned 2020-21)

3.1a 1

Integrated Manufacturing Capacities Across Geographies

Extensive Suite of Products in Every Region We Operate

Resins & Moulding 4,58,317 MTPA

Base Packaging Films 6,36,160 MTPA

Value Added Packaging Films 2,52,800 MTPA

Value Added Products (VAP)

vPET Chips (MTPA)

rPET Chips (MTPA)

rMLP Granules (MTPA)

BOPET (MTPA)

BOPP (MTPA)

CPP (MTPA)

Metalized (MTPA)

Alox Coated (MTPA)

Chemicals (Inks & Adhesives) MTPA

Holography (MTPA)

Printing Cylinders (No.)

Flexible Packaging (MTPA)

Aseptic Liquid Packaging (mn)

Engineering

1,68,000

10,020

21,397

1,09,800

31,200

23,160

58,500

2,16,000

18,000

22,000

18,000

12,600

30,000

77,000

7,000

72,000

2,200

3,900

75,000

30,000

45,000

30,000

42,000

15,000

18,000

13,200

19,000

5,000

7,500

15,000

6,000

60,000

18,000

10,800

7,000

69,730

20,600

1,08,000

1,00,000

7,000

500

3,84,000

43,020

31,297

4,01,800

1,50,200

84,160

2,38,600

14,200

69,730

20,600

1,08,000

1,00,000

7,000

500

Locations (Capacities Data as of Mar ‘25)

India

Dubai

Egypt

Nigeria

CIS

Poland

Hungary

USA

Mexico

Total

1. Virgin polyethylene terephthalate chips (vPET ) ; 2. Recycled polyethylene terephthalate (rPET); 3. Biaxially oriented polyethylene terephthalate(BOPET); 4. Biaxially Oriented Polypropylene (BOPP); 5. cast polypropylene (CPP); 7. Metric tonnes per annum (MTPA); Packaging Films(P. Films);

3.1b Packaging Films Production Volume across Geographies

Films Production Capacity (MTPA) as of March 31

Geographic Breakdown of Total Packaging film Production vol. (%)

Capacity, Production and Utilization

India

Dubai

Egypt

Nigeria

CIS

Poland

Hungary

USA

Mexico

FY25 Production (Utilization %)

FY24 Production (Utilization %)

FY23 Production (Utilization %)

FY22 Production (Utilization %)

FY21 Production (Utilization %)

India

121,842 (74.2%)

115,202 (74.3%)

94,994 (90%)

104,907 (114%)

95,962 (104.3%)

Dubai

29,038 (72.6%)

25,355 (63.4%)

24,141 (62.7%)

21,593 (98.2%)

25,326 (115.1%)

Egypt

104,368 (91.6%)

101,944 (89.4%)

107,772 (94.5%)

110,846 (97.2%)

77,285 (99.1%)

Nigeria

35,337 (78.5%)

26,444 (58.8%)

21,190 (47.1%)

25,760 (76.3%)

CIS

38,201 (79.6%)

29,594 (98.6%)

29,917 (99.7%)

28,917 (96.4%)

23,079 (102.6%)

Poland

52,637 (70.2%)

48,750 (65%)

61,039 (81.4%)

73,642 (98.2%)

52,868 (100.7%)

Hungary

44,105 (105%)

34,811 (82.9%)

34,659 (82.5%)

39,642 (94.4%)

USA

33,743 (112.5%)

30,581 (101.9%)

30,655 (102.2%)

31,688 (105.6%)

31,653 (105.5%)

Mexico

55,487 (90.2%)

53,735 (89.6%)

46,066 (76.8%)

60,084 (100.1%)

59,259 (98.8%)

Total

FY25

11%

24%

514,758 MT

10%

20%

FY24

12%

25%

466,416 MT

10%

22%

FY23

10%

21%

450,433 MT

13%

24%

To calculate capacity utilization, We use the proportion of the annual capacity that is operational during the fiscal year, which is computed by dividing the yearly capacity by 12 and factoring in the months of operation after commissioning.

Poland: In Q3 FY21(OND20), 45,000 MTPA second BOPET line was commissioned, so 6 months of its capacity(45k/12*6) and 30,000 MTPA from the first line were used in the FY21 utilization calc.; Hungary : 42,000 MTPA BOPP line was commissioned in Q1 FY22, starting April 1, 2021.; Dubai: Production on the 30,000 MTPA second BOPET line ceased in early June 2019, only 5,000 MT considered in FY20, alongside 22,000 MT from the first line for utilization. Production of the 18,000 MTPA CPP line started in May 2022, so 16,500 MT (11 months) of capacity was included in FY 23 utilization .; CIS: 30,000 MTPA BOPET line in CIS was commissioned in Q2 FY21 (JAS20).So 22,500 MT (9 month) of capacity used in FY21 for utilization; Dharwad, India: 18,000 MTPA CPP line was commissioned in Q2 FY23 (JAS22, 9 mon. of capacity for utilization in FY23), & 45,000 MTPA BOPET line was commissioned on March 31, 2023. Nigeria: 45,000 MTPA film line was commissioned in Q2 FY22 (JAS21), So, 33,750( MT (9 months) of capacity for utilization in FY22.; Egypt: 42,000 MT BOPP line commissioned in Q4 FY21(JFM 21).;

92,00092,000155,000155,000164,16022,00022,00040,00040,00040,000FY21FY22FY23FY24FY25114,000114,000114,000114,000114,000NA45,00045,00045,00045,00030,00030,00030,00030,00048,00075,00075,00075,00075,00075,000NA42,00042,00042,00042,00030,00030,00030,00030,00030,00060,00060,00060,00060,00078,000423,000510,000591,000591,000636,160514,758 (83.1%)466,416 (78.9%)450,433 (83.4%)497,079 (99.7%)365,432 (102.4%)3.1c Packaging Films Production Volume across Geographies

Geographic % contribution to total packaging film production vol.

Capacity, Production and Utilization

Production volume change

Q4 FY25

11%

24%

127,778 MTPQ

11%

19%

Q3 FY25

11%

24%

129,169 MTPQ

19%

Q4 FY24

10%

23%

123,714 MTPQ

12%

22%

India

Dubai

Egypt

Nigeria

CIS

Poland

Hungary

USA

Mexico

Capacity (MTPQ)

Q4 FY25 Production (Utilization %)

Q3 FY25 Production (Utilization %)

Q4 FY24 Production (Utilization %)

QoQ

YoY

41,040

India

30,279 (73.8%)

31,370 (76.4%)

28,053 (68.4%)

10,000

Dubai

7,782 (77.8%)

7,275 (72.8%)

7,408 (74.1%)

28,500

Egypt

24,379 (85.5%)

24,037 (84.3%)

26,846 (94.2%)

11,250

12,000

Nigeria

9,277 (82.5%)

10,089 (89.7%)

7,558 (67.2%)

CIS

8,995 (75%)

11,057 (92.1%)

7,515 (100.2%)

18,750

Poland

13,948 (74.4%)

11,451 (61.1%)

14,575 (77.7%)

10,500

Hungary

11,123 (105.9%)

10,568 (100.7%)

11,363 (108.2%)

7,500

USA

8,005 (106.7%)

8,610 (114.8%)

7,311 (97.5%)

15,000

Mexico

13,990 (84.8%)

14,712 (98.1%)

13,085 (87.2%)

154,540

Total

127,778 (81.9%)

129,169 (83.6%)

123,714 (82.5%)

*Capacity and production data are measured in metric tons per quarter (MTPQ), while utilization is expressed as a % ; The capacity of the Noida plant in India has been upgraded with technological enhancements. The overall new packaging film capacity of the India plants is now 164,160 MTPA, up from the capacity of 155,000 MTPA ; As of March 2024, the capacity of the CIS plant was 30,000 MTPA. Following the commissioning of the new 18,000 MTPA CPP line, the plant's new capacity is 48,000 MTPA; The Hungary plant commissioned in 2021 at 42,000 MTPA; over the period capacity upgraded to 45,000 MTPA with technological enhancements

-1.1% ▼3.3% ▲-3.5% ▼7.9% ▲7.0% ▲5.0% ▲1.4% ▲-9.2% ▼-8.0% ▼22.7% ▲-18.7% ▼19.7% ▲21.8% ▲-4.3% ▼5.2% ▲-2.1% ▼-7.0% ▼9.5% ▲-4.9% ▼6.9% ▲3.1d Packaging and Chemicals Production Volume

% Breakdown of production vol. by packaging products & chemicals

Capacity, Production and Utilization

Production volume change

Liquid packaging

Flexible packaging

Chemicals (Inks & Adhesives)

Q4 FY25

21%

37%

45,798 MTPQ

42%

Q3 FY25

24%

34%

45,916 MTPQ

42%

Q4 FY24

18%

37%

45,208 MTPQ

45%

Capacity (MTPQ)

Q4 FY25 Production (Utilization%)

Q3 FY25 Production (Utilization%)

Q4 FY24 Production (Utilization%)

QoQ

YoY

15,000

Liquid packaging

17,162 (114.4%)

15,533 (103.6%)

16,714 (111.4%)

25,000

Flexible packaging

18,994 (76%)

19,150 (76.6%)

20,151 (80.6%)

16,083

Chemicals (Inks & Adhesives)

9,642 (60%)

11,233 (69.8%)

8,343 (51.9%)

*Capacity and production data are measured in metric tons per quarter (MTPQ), while utilization is expressed as a %

10.5% ▲2.7% ▲-0.8% ▼-5.7% ▼-14.2% ▼15.6% ▲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

in Lowest Manufacturing Costs, Operational Flexibility and Assurance of RM Availability.

➢ The Inventory Holding Period is Optimal (~100 Days in FY25).

➢ The Global Presence of UFlex enables it to Centrally Procure Raw Materials with Benefits of Economies-of-scale.

Packaging films*

Garden Silk Mills Limited (3+years)

Bright

IIVL Dhunseri Petrochem (4+years)

Captive (1+years)

Silica

Lodestar Trading (3+years)

Garden Silk Mills Limited (3+years)

Homo-polymer/ Co-polymer

HPCL-Mittal Energy Ltd (3+years)

BASELL International (3+years)

Exxonmobil Chemical Asia (3+years)

Aluminums Wire/ Additives

PHIFER INC (3+years)

Ampacet (Thailand) Co. Ltd (3+years)

*Note: Number of years refers to length of relationships

Flexible Packaging*

Aseptic Packaging*

Films

Captive, Max Speciality Films Limited lI(9+years)

Pudumjee Paper Products Ltd (4+years)

Paper

Stora Enso Skoghall (4+years)

UPM Pulp Sales (7+ years)

Bilt (8+ years)

Chemicals & Adhesive

Captive, Henkel (10+years)

Miwon Specialty Chemical (4+years)

DOW Chemical (4+ years)

Paper

Stora Enso (4 Years)

Billerudkorsnas Sweden (4 Years)

Alum. Foil

Dingsheng (4 Years)

Dong-il Aluminium (4 Years)

Inks

DIC India Limited (4 Years)

Adhesive

DOW Chemical (3 years)

Aluminum Wire

Shanghai Shenhuo Aluminium Foil (5+ years)

Metallised Films

Captive

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 Requirements

➢ Virgin and rPET Chips ➢ PET, PP, Asclepius film ➢ Food Compliant Inks, Adhesives / Coatings ➢ Printing Cylinders ➢ Pouches, Tubes, and WPP bags ➢ Aseptic Liquid Packaging Cartons ➢ Holography ➢ PAM & PMD Machines

Industries

➢ Packaging film Manufacturers ➢ Sustainable Packaging Solution ➢ FMCG ➢ Pharmaceuticals ➢ Cosmetics ➢ Textile

➢ Drinks and Beverages ➢ Juices & Nectars ➢ Dairy ➢ Flexible Packaging ➢ Food and Packaging

Printing

Business Challenges

UFlex Packaging Solutions

• Eight Complementary

Businesses Provide both End-to-End and Standalone Solutions

• Compliant with Global ESG

Requirements

• Maintain Quality at a Sustainable Cost.

UFlex offers 360˚ Packaging 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

5.0

Enduring Customer Relationship

Nestle

Kolak Snacks

Truda Foods

P&G

Pepsi Co

Mondelez

Bemis

Amcor

Huhtamaki

UPM Raflatac*

American Pkg

Dupont Teijin films

10+

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

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%

147,845

151,838

132,368

135,098

167,000

22,680

20,680

21,000

19,024

17,834

16,103

89,149

74,316

10,165

10,924

2020

2021

2022

2023

2024

2025

0 2026E

2019

2020

2021

2022

2023

2024

2025

2026E

Reported Guidance

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

y t i r a u c r i C

Low

Carbon Footprint

High

Govt.Govt.

EPR - Guidelines

UFlex

Industry

Project Plastic Fix

Compliance to EPR

Consumer

Responsible Disposal

A: Flexible/Plastic Packaging B: Alternate to Flexible Plastics Packaging-Aluminum/Tin/Paper/Glass C: Future of Flexible/Plastic packaging

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 different types of plastic), Plastic Sheets and Covers made of Plastic Sheet, Carry Bags, Plastic Sachet or Pouches. Category III: Multi-layered Plastic Packaging (at least one layer of plastic and at least one layer of material other than plastic). Category IV: Plastic Sheets used for Packaging and Carry Bags Made of Composite Plastics.

• •

Year-wise Target for Minimum Level of Recycling of Plastic Waste across Different Categories

•

PIBOs Obligation for Recycling – Min. Level of Recycling of Plastic Packaging Waste (% of EPR target)

•

PIBOs Obligation for Use of Recycled Plastic Content – Mandatory Use of Recycled Plastic (% of plastic purchased)

Plastic Packaging Category

Target for

2024-25 2025-26 2026-27

2027-28

Category I: Rigid Plastic

Category II: Flexible Plastic Packaging Single/Multilayer

Category III: Multi-material Flexibles Plastic Packaging

Recycling

Incorporation of Recycled Content

Recycling

Incorporation of Recycled Content

Recycling

Incorporation of Recycled Content

Category IV: Plastic Sheets

Recycling

2028-29 onwards

Guidelines on Extended Producer Responsibility (EPR) for Plastic Packaging

Provision

Environmental Compensation (EC) shall be Levied Based on Polluter pays Principle, w.r.t. the Nonfulfillment of EPR Targets by PIBOs.

Violator

PIBOs.

PIBO: Producer, Brand Owner and Importers (PIBOs)

Violation

Environmental Compensation

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.

7.3 Sustainability: 'Project Plastic Fix’ Continues to Turn Waste into Wealth

478 mn (6,638 MT) PET Bottles Recycled in FY24

807 mn (11,203 MT) PET Bottles Recycled in FY25

6,964 MT of MLP waste recycled in FY24 and 8,220 MT in FY25

741,936 units in FY24 and 643,868 units in 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)

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’.

✓ UFlex converts Plastic Waste into Fuel, Biomass and Green films through a Superior Technology Developed In-house.

✓ UFlex recycles Waste into Granules which can be Re-used to Produce 1,000+ Products.

✓ Sustainable Packaging is an Opportunity for UFlex as it is Best Positioned among the Global Peers to Adapt to the Environmental Changes.

Waste2energy At our Noida Plant, UFlex converts 6 Tons of Discarded Waste Material (rPE) into Liquid Fuel, Hydrocarbon Gas and Carbon Black.

Recycling MLP Waste Recycled into Granules. Moulding Industry Re-uses it to Make Industrial/ Household Products with Sustainable Commercial Value.

Biomass UFlex develops Special Master Batch Additives that Converts Plastic Waste into 100% Bio- degradable Biomass by 12 months.

Green Film Asclepius It is a 90% PCR Content rBOPET film. It reduces 75% Carbon Footprint Versus Virgin BOPET films.

1. Recycled Polyethylene (rPE); 2. Multi-layered packaging plastic (MLP); 3. Post-Consumer Recycled (PCR); 4. Recycled biaxially oriented polyethylene terephthalate (rBOPET) film; 5. Biaxially oriented polyethylene terephthalate (BOPET)

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

Recycling Machine

Converts MLP Waste into Granules

Setting Recycling Units for Industry

Processed in Injection Moulds

UFlex’s recycling unit in Noida

Creates Furniture, Dustbin etc.

Highlights of Initiatives Taken

➢ PCR Recycling Infrastructure at Noida is utilized to provide Granules for Manufacturing 90% PCR Based Green

films Asclepius . Clone Capacities Already developed in Mexico, Egypt and Poland.

➢ Launched ‘Project Plastic Fix’, a Four-way Method to Reinstate the Virtue of Plastic from Waste to Wealth.

➢ Developed Host of New Sustainable Products such as

➢ Engineering Product, RELAM 250 to recycle All Layers of MLP Homogenously.

➢ UV LED Ink Series, Water Based Inks, Paper Based Tubes, Water Based Cylinders, Solvent-free Adhesives.

➢ Low Carbon Footprint Packaging films: F-MSH, F-PS, B-THP & Many More.

MLP Technology

Converts into Pellets

Recycles into Furniture, Road etc.

1. Multi-layered packaging plastic (MLP); 2. Post-Consumer Recycled (PCR);

7.6

Recyclable PET Life Cycle

Crude Oil

PTA

Performs

PET Bottles

Consumers

Garbage

Garbage truck

Pet / Polyester production process

PTA

Petroleum

Monoetylene Glycol (MEG)

PET / Polyester

PET P. Film

PET Packaging

Natural Gas

Ethylene Oxide / Ethylene Glycol (EO / EG)

Polyester Fibers

Polyester Textile

Recycle PET (rPET) Resins

PET Recycling Production

UFlex buy Post – Consumer Bottles

Waste Separation

1. Mono ethylene glycol (MEG: ); 2. Purified terephthalic acid (PTA:); 3. Polyethylene terephthalate(PET); 3. Recycled polyethylene terephthalate (rPET) resins; Packaging Films(P. Films);

7.7 Recycling Plants Across Geographies

Global

Mexico

Particulars

Capacity(MTPA)

PCR PET Chips

rMLP Granules

15,000

6,000

Egypt

Particulars

Capacity(MTPA)

PCR PET Chips

18,000

Poland

Particulars

Capacity(MTPA)

rMLP Granules

3,900

India

Noida

Particulars

Capacity(MTPA)

PCR PET Chips

rMLP Granules

10,020

9,600

Jammu

Particulars

Capacity(MTPA)

rMLP Granules

1,497

Malanpur*

Particulars

Capacity(MTPA)

rAMLP Moulding & Granules

10,300

* Malanpur is Asepto MLP waste recycling

Mexico

Egypt

Poland

Jammu

Noida

Malanpur

1. Post-Consumer Recycled (PCR); Polyethylene terephthalate (PET); 3. Recycled multi-layered packaging plastic (rMLP); Asepto MLP waste recycling:Products from Asepto paper pulp include pulp granules, egg trays, pulp paper sheets, kidney trays, and wall mounts. Products from Asepto Alu foil include metalized corrugated roof sheets, partition sheets, alu poly granules, laptop and glass covers, tray plates, and card bags.

8.0

Road Ahead

Goals

Strategy

Continue to be the Preferred Vendor for Both Existing and Prospective Clients

Enhanced ROCE through Asset Efficiency

Grow Market Share across All Verticals

Improved Profitability and Cashflow

Augment ESG

* GLOCAL: Global + Local

Enhanced Speed-to-market and Proximity to Customers to ensure Quick Deliveries and Better Services to Customers

Capital Allocation in the Business Verticals with Better Return Ratios, such as Capacity Expansion in Aseptic Packaging & WPP Bags.

Growth through Innovation to create a Packaging Portfolio with Variety of Differentiating Products

Focus on Creating an Environmentally-friendly, Sustainable Brand, with Several ESG-themed Projects in the Pipeline

Explore Under-penetrated GLOCAL* Markets with Viable Growth Options and Replicate Success Story.

Financials

Consolidated Performance Snapshot – Q4FY25 and Q4FY24

Q4FY25

Q4FY24

Q4FY25

Q4FY24

Revenue

Rs. 38,738 Mn (+2.6% QoQ, +10.8% YoY) Domestic: 46% International: 54%

Rs. 34,967 Mn (+4.5% QoQ, +3.0% YoY) Domestic: 43% International: 57%

Norm. EBITDA*

Rs. 4,782 Mn (-8.2% QoQ, +5.1% YoY) +12.3% Margin (-150bps QoQ, -70bps YoY)

Rs.4,550 Mn (+6.9% QoQ, +6.3% YoY) +13.0% Margin (+30bps QoQ, +40bps YoY)

Capex

Net Debt

Rs. 6,681 Mn

Rs. 6,308 Mn

Rs. 68,432 Mn

Rs. 55,688 Mn

EBITDA

Rs. 4,726 Mn (-4.3% QoQ, +8.3% YoY) +12.2% Margin (-90bps QoQ, -30bps YoY)

Rs. 4,364 Mn (+18.7% QoQ, +14.0% YoY) +12.5% Margin (+149bps QoQ, +119bps YoY)

Sales Vol. MTs

165,147 (+5.2% QoQ, +4.6%YoY) Packaging Films: 76.8% (+2.9% QoQ, +5.3% YoY) Packaging: 23.2% (+13.5% QoQ, +2.4% YoY)

157,847 (+6.8% QoQ, +10.5%YoY) Packaging Films: 76.3% (+6.3% QoQ, +13.7% YoY) Packaging: 23.7% (+8.7% QoQ, +1.5% YoY)

Norm. PAT**

Rs. 986 Mn +2.5% Margin

Rs. 1,188 Mn +3.4% Margin

Pack. Films Sales Vol. Split

Packaging Films: 76.8% (Domestic: 17.8%; International: 59.0%)

Packaging Films: 76.3% (Domestic: 15.9%; International: 60.5%)

*Normalized EBITDA for Q4FY25 includes a Rs. 56 million adjustment for foreign currency fluctuations and derivative gains/losses, compared to a Rs. 186 million loss in Q4 FY24; ** Normalized PAT was adjusted for an exceptional gain of Rs. 700 million in Q4 FY25, compared to a loss of Rs. 3,897 million in Q4FY24, mainly due to Nigeria, Mexico and Egypt currency translation.

Consolidated Performance Snapshot – FY25 and FY24

Revenue

Norm. EBITDA*

EBITDA

Norm. PAT**

FY25

FY24

FY25

FY24

Rs. 151,838 Mn (+12.4% YoY) Domestic: 45% International: 55%

Rs.19,024 Mn (+18.1% YoY) +12.5% Margin (+60bps YoY)

Rs. 18,188 Mn (+20.2% YoY) +12.0% Margin (+80bps YoY)

Rs. 135,098 Mn (-8.6% YoY) Domestic: 42% International: 58%

Rs.16,103 Mn (-19.7% YoY) +11.9% Margin (-160bps YoY)

Rs. 15,135 Mn (-19.4% YoY) +11.2% Margin (-150bps YoY)

Capex

Net Debt

Rs. 17,258 Mn

Rs. 16,348 Mn

Rs. 68,432 Mn

Rs. 55,688 Mn

Sales Vol. MTs

647,499 (+8.0% YoY) Packaging Films: 77.7% (+10.3% YoY) Packaging: 22.3% (Flat YoY)

599,616 (+2.1% YoY) Packaging Films: 76.1% (+1.5%YoY) Packaging: 23.9% (+4.2%YoY)

Rs. 3,201 Mn +2.1% Margin

Rs. 1,803 Mn +1.3% Margin

Pack. Films Sales Vol. Split

Packaging Films: 77.7% (Domestic: 16.9%; International: 60.8%)

Packaging Films: 76.1% (Domestic: 17.6%; International: 58.4%)

*The normalized EBITDA was adjusted by Rs 836 Mn and Rs 968 Mn in FY25 and FY24 respectively to reflect the impact of foreign currency gains/losses and gain/losses from derivative instruments ; ** Normalized PAT was adjusted for an exceptional loss of Rs 1,778 Mn and Rs 8,713 Mn in FY25 and FY24 respectively due to currency devaluations in Nigeria, Mexico and Egypt

Consolidated Performance Highlights – Q4FY25

Revenue increased to Rs. 38,738 million, a 10.8% YoY increase in Q4 FY25, driven by volume growth, right product mix, and pricing strategies across product categories. The key growth contributors in revenues are the Packaging business (14.4% YoY), Engineering (59.7% YoY) and virgin PET chips.

Normalized EBITDA stood at Rs. 4,782 million, up 5.1% YoY. The normalized EBITDA margin was at 12.3%. Packaging film and the Packaging business in India led EBITDA growth, supported by stronger contributions from Dubai and Nigeria Packaging film business.

Sales volume reached at 165,147 MT in Q4 FY25, reflecting a 4.6% YoY and 5.2% QoQ growth. The volume mix comprised of 76.8% from packaging films and 23.2% from packaging, underscoring sustained demand across the segments. The sales volume in the Packaging business increased by 2.4% YoY and 13.5% QoQ, while Packaging film sales volume increased by 5.3% YoY and 2.9% QoQ.

Normalized Profit After Tax (PAT) for the quarter was Rs. 986 million, compared to Rs. 1,188 million in Q4 FY24.

Net Currency gain of Rs. 700 Mn during Q4FY25, in comparison to the net currency loss of Rs. 3,897 million in Q4FY24.

Consolidated Performance Highlights – FY25

Revenue increased to Rs. 151,838 million, a 12.4% YoY growth, driven by 8.0% volume growth, an optimal product mix, and effective pricing strategies across categories. Annual revenue growth was led by 8.2% YoY growth in Packaging films, 11.4% in the Packaging and 33.5% in Engineering and virgin PET chips.

Normalized EBITDA stood at Rs. 19,024 million, up 18.1% YoY. The normalized EBITDA margin was at 12.5%. Packaging film, Chemicals, and Engineering segments in India were major contributors to annual normalized EBITDA, alongside strong contributions from packaging film operations in Hungary, Nigeria, Mexico, and Poland.

Sales volume reached at 647,499 MT in FY25, reflecting a 8.0% YoY growth. The volume mix comprised 77.7% from Packaging films and 22.3% from Packaging, underscoring sustained demand across both segments. The Packaging business sales volume increased by 0.6% YoY, while Packaging film business sales volume increased by 10.3% YoY.

Normalized Profit After Tax (PAT) for the year was Rs. 3,201 million, compared to Rs. 1,803 million in FY24

Net Currency loss of Rs. 1778 Mn during FY25, in comparison to the net Currency loss of Rs. 8,713 million in FY24.

Consolidated Spotlight on Key Financials over the Years

Sales (Vol. MTPA) Packaging Films Films - Domestic 463,620

380,744

599,259

Packaging Films - International 599,616

647,499

587,118

100.0%

90. 0%

80. 0%

70. 0%

60. 0%

50. 0%

40. 0%

30. 0%

20. 0%

10. 0%

0.0%

21.84%

21.24%

78.16%

78.76%

% 8 3 4 2

% 7 7 3 5

% 8 2 8 5

% 7 4 0 2

17.32%

82.68%

% 8 2 5 6

% 0 4 7 1

23.45%

23.92%

22.30%

76.55%

76.08%

77.70%

% 6 4 0 6

% 9 0 6 1

% 4 4 8 5

% 4 6 7 1

% 0 8 0 6

% 0 9 6 1

100.0%

90. 0%

80. 0%

70. 0%

60. 0%

50. 0%

40. 0%

30. 0%

20. 0%

10. 0%

0.0%

Revenue (Rs. Mn)

Norm. EBITDA (Rs. Mn) and Margin (%)

Domestic

International

132,368

147,845

135,098

151,838

89,149

74,316

60%

58%

51%

49%

53%

47%

40%

42%

55%

45%

14.9%

20.5%

17.1%

14.0%

11.9%

12.5%

0 7 2 8 1

0 8 6 2 2

0 8 6 0 2

3 0 1 6 1

4 2 0 9 1

9 8 0 1 1

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

PAT (Rs. Mn) and Margin

Norm. PAT (Rs. Mn) and Margin

Capex. (Rs. Mn)

5.0%

9.5%

8.3%

3.3%

-5.1%

0.9%

5.0%

9.5%

8.6%

4.3%

1.3%

2.1%

8 9 6 3

9 2 4 8

3 8 9 0 1

7 0 8 4

0 1 9 6

3 2 4 1

8 9 6 3

9 2 4 8

4 6 3 1 1

7 0 3 6

1 0 2 3

3 0 8 1

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

8 6 7 0 2

5 5 1 1 1

5 3 6 9

7 7 7 2 1

8 4 3 6 1

8 5 2 7 1

FY20

FY21

FY22

FY23

FY24

FY25

Packaging = Flexible packaging, Liquid packaging, and Holography; Domestic & International revenue split as % of total revenue is based on point of destination; PAT: Net (Loss) / Profit after Non - Controlling interest ; FY21 and FY23 sales volumes are reported after eliminating intercompany sales volumes adjustment, resulting in figures that differ from historically reported total sales volumes for these fiscal years.;

Consolidated Revenue Split

Q4FY25: Business-wise rev. split as a % of total rev.

Q4FY24: Business-wise rev. split as a % of total rev.

Packaging films, 58.8%

Rs. 38,143 Million

Packaging, 30.8%

Engineering, 3.5%

Others VAP, 5.4%

Packaging films, 60.0%

Rs. 34,265 Million

Packaging, 29.8%

Engineering, 2.4%

Others VAP, 5.7%

Q4FY25: Geographical rev. split as a % of total rev.

Q4FY24: Geographical rev. split as a % of total rev.

Middle East & Africa, 13.9%

Europe, 17.4%

Rs. 38,143 Million

Americas, 18.1%

India, 46.9%

Others , 2.1%

Middle East & Africa 20.1%

India 43.4%

Rs. 34,265 Million

Europe 17.2%

Americas 17.5%

Others 1.8%

Packaging = Flexible packaging, Liquid packaging, and Holography; Engineering = Machinery and Printing cylinders; Others value added product (VAP) = Inks & Adhesives and other operating income; Geographical split as a % of total revenue is based on point of origin; Middle East and Africa: Dubai, Egypt, & Nigeria; Europe: Hungary, Poland and CIS; Americas: USA, Mexico;

Consolidated Revenue Split

FY25: Business-wise rev. split as a % of total rev.

FY24: Business-wise rev. split as a % of total rev.

Packaging films, 62.3%

Rs. 150,361 Mn

Packaging, 28.3%

Engineering, 2.7%

Others VAP, 5.8%

Packaging films, 60.2%

Rs. 133,636 Mn

Packaging, 28.5%

Engineering, 2.2%

Others VAP, 7.9%

FY25: Geographical rev. split as a % of total rev.

FY24: Geographical rev. split as a % of total rev.

Middle East & Africa, 15.5%

Europe, 17.4%

Middle East & Africa, 19.4%

Europe, 15.5%

Rs. 150,361 Mn

Americas, 18.4%

Rs. 133,636 Mn

Americas, 17.5%

India, 46.1%

Others, 1.7%

India, 45.0%

Others, 1.5%

Consolidated P&L Summary

Particulars (Rs. Mn.)

Q4 FY25

Q3 FY25

Q4 FY24

Total Revenue

Expenditure

Normalized EBITDA

38,738

34,012

4,782

37,742

32,806

5,207

34,967

30,603

4,550

QoQ

2.6%

3.7%

(8.2%)

YoY

10.8%

11.1%

5.1%

FY25

FY24

151,838

1,35,098

133,649

1,19,963

19,024

16,103

YoY

12.4%

11.4%

18.1%

Normalized EBITDA margin (%)

12.3%

13.8%

13.0%

(145 bps)

(67 bps)

12.5%

11.9%

61 bps

Fx currency gain/loss and derivative instruments EBITDA

EBITDA Margin (%)

Depreciation and Amortization

Finance costs Profit / (Loss) before Exceptional items Exceptional items (Refer Note)

Profit / (Loss) before tax

Net profit / (Loss) after tax

Profit After Tax Margin (%)

EPS (Rs.)

4,726

12.2%

1,763

1,844

1,119

(700)

1,819

1,686

4.4%

23.34

271

4,936

13.1%

1,720

1,743

1,473

(257)

1,729

1,368

3.6%

18.95

186

(79.4%)

(70.0%)

836

968

(13.7%)

4,364

12.5%

1,651

1,283

1,430

3,897

(2,467)

(2,709)

(7.7%)

(37.52)

(4.3%)

8.3%

18,188

15,135

(88 bps)

(28 bps)

2.5%

5.8%

6.8%

43.7%

(24.0%)

(21.8%)

5.2%

23.2%

73 bps

23.3%

12.0%

6,949

6,981

4,259

1,778

2,481

1,423

0.9%

19.71

11.2%

6,555

5,356

3,224

8,713

(5,489)

(6,910)

(5.1%)

(95.69)

20.2%

78 bps

6.0%

30.0%

32.1%

(79.6%)

Note: 1) Numbers in the table may not add up due to rounding-off. 2) Previous year figures have been regrouped wherever necessary.

Consolidated Balance Sheet as of March 31, 2025

Particulars (Rs. Mn)

As on 31st Mar 2025

As on 31st Mar 2024

Assets Non-current assets Property, plant and equipment Capital work-in-progress Investment Properties Intangible assets Right to use Assets Intangible assets under development Financial assets

Investments Loans Other financial assets Other non-current assets

Total Non-Current Assets

Current Assets Inventories Financial assets

Trade receivables Cash and cash equivalents Other balances with banks Loans Other financial assets

Other current assets Total Current Assets Total Assets

81,664 7117 139 122 5,460 134

1,448 771 1,971 10,957 109,782

76,598 5,383 110 180 5,346 0

1,700 299 1,150 5,988 96,753

25,354

19,178

37,510 11,252 283 - 812 9,373 84,584 194,365

34,373 10,467 265 90 1,014 11,337 76,724 173,477

Particulars (Rs. Mn)

Equity and Liabilities Equity

Equity Share Capital Other equity

Total Equity

Non-Current Liabilities Financial Liabilities

Long term borrowings Lease Liabilities Other financial liabilities

Long term provisions Deferred tax liabilities Total Non-Current Liabilities

Current Liabilities Financial Liabilities

Short term borrowings Lease Liabilities Trade payables Other financial liabilities

Other current liabilities Short term provisions Current tax liabilities Total Current Liabilities Total Equity and Liabilities

As on 31st Mar 2025

As on 31st Mar 2024

722 73,243 73,965

48,700 2,205 1,357 471 3,054 55,787

32,460 162 22,908 5,489 2,969 286 339 64,613 194,365

722 71,528 72,250

41,649 2,075 978 426 3,426 48,554

25,547 195 20,503 4,723 1,307 237 162 52,674 173,477

Note: 1) Numbers in the table may not add up due to rounding-off. 2) Previous year figures have been regrouped wherever necessary.

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 Margin

12.2%

12.4%

14.5%

14.2%

13.1%

12.7%

14.7%

20.0%

17.1%

14.0%

11.9%

12.5%

PAT Margin

3.4%

4.1%

4.9%

5.3%

4.6%

3.9%

5.0%

9.5%

8.3%

3.3%

-5.1%

0.9%

Normalized PAT Margin

3.4%

4.1%

4.9%

5.3%

4.6%

3.9%

5.0%

9.5%

8.6%

4.3%

1.3%

2.1%

ROCE

10.9%

11.1%

12.5%

12.2%

11.0%

11.8%

11.0%

16.9%

18.2%

11.7%

7.2%

9.0%

Normalized ROCE (EBIT basis)

Normalized ROCE (EBITDA basis)

10.9%

11.5%

14.4%

12.8%

10.9%

12.0%

10.8%

16.4%

18.1%

13.4%

8.1%

9.6%

17.4%

18.0%

20.8%

19.5%

17.9%

19.2%

17.1%

22.0%

23.7%

18.8%

13.6%

15.2%

ROE

7.6%

8.6%

9.6%

9.8%

8.2%

7.6%

8.2%

16.5%

18.0%

6.8%

-9.4%

1.9%

Normalized ROE

7.6%

8.6%

9.6%

9.8%

8.2%

7.6%

8.2%

16.5%

18.6%

8.9%

2.5%

4.4%

Normalized ROA

3.2%

3.9%

4.7%

5.0%

4.2%

4.0%

4.1%

7.7%

8.7%

4.1%

1.1%

1.7%

Return on capital employed(ROCE) = EBIT/Average capital employed; Capital employed = Total Assets – Current Liabilities; Return on assets (ROA) = Net income/Average total assets; ROE = PAT (after non-controlling interest)/Average equity; annualized (annu.); Annualized (annu.);

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 EBITDA

Norm. EBITDA / Interest Expenses

Debt Service Coverage Ratio

Normalized Debt Service Coverage Ratio

2.95

2.52

1.81

1.89

1.93

1.77

2.87

1.86

1.73

2.12

3.46

3.60

3.09

4.12

5.28

4.96

4.54

4.66

4.86

7.79

7.03

4.37

3.01

2.73

1.07

1.11

1.47

1.61

1.74

1.85

1.92

3.99

3.02

1.91

1.11

1.19

1.08

1.13

1.62

1.66

1.73

1.87

1.89

3.90

3.01

2.10

1.18

1.24

Asset Turnover

0.91

0.92

0.94

0.91

0.90

0.99

0.81

0.79

0.99

0.94

0.78

0.81

Debtors Turnover

4.11

4.00

4.16

4.05

3.71

3.90

3.64

3.99

4.38

4.29

3.95

4.13

Inventory Turnover

6.82

6.02

5.54

5.47

5.50

5.95

5.01

4.69

5.20

4.45

3.94

4.15

Net Working Capital Turnover Ratio

12.28

9.71

8.46

8.68

7.96

7.84

7.07

6.25

6.00

5.42

5.14

6.74

Debt service coverage ratio (DSCR) = EBITDA/Debt obligations; Debt obligations = Instalments and lease payment + Interest expense; Instalments and lease payment = Previous year current maturities of long term borrowings + Previous year current lease liabilities; Asset turnover = Net revenue from sale of products & services / average total assets; Debtor turnover = Net revenue from sale of products & services / average debtors;Working capital turnover = Net revenue from sale of products & services / average working capital; Annualized (annu.);

Consolidated Debt Profile

Debt Breakdown

Split of Gross Debt as of Mar 2025

Particulars (Rs. Mn) Mar-2025 Dec-2024 Sep-2024 Jun-2024

Long Term

Working Capital and Short Term

Total Debt

Net Debt

59,937

54,460

54,952

52,040

21,223

17,781

14,605

17,306

81,160

68,432

72,241

61,507

3.24x

69,557

57,898

3.20x

69,346

56,675

3.05x

Net Debt/Norm. EBITDA*

3.60x

Long term debt 73.9%

Rs. 81,160 Million

Working Capital and Short term debt 26.1%

Debt over the Years (Rs. bn)

Split of Long-term Debt as of Mar 2025

Gross debt (Rs. Bn)

Net debt (Rs. Bn)

▪ LT and ST Borrowings Rating CRISIL AA-/Stable/CRISIL A1+ , as of Apr. 2025 ▪ LT and ST Borrowings Rating Ind AA-/Stable/IND A1+ , as of Jun. 2024

4 1 2

8 6 1

0 1 2

5 7 1

8 0 2

3 7 1

1 1 2

0 8 1

9 5 3

4 1 3

9 9 3

3 3 3

2 1 8

4 8 6

2 7 6

7 5 5

9 4 5

9 3 4

6 5 4

3 9 3

Domestic 43.3%

Rs. 59,937 Million

Overseas 56.7%

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

Commissioned New Projects will create New Revenue Streams and Profitability. The Resulting Earnings Generated will aid in Deleveraging the Company’s Balance Sheet.

*Annualised Normalized EBITDA; Billion (Bn); Million (Mn); Gross debt includes both current and non-current borrowings.; Cash and cash equivalents include Current Assets: Cash, Bank Balances, and Other Non- Current Financial Assets such as Fixed Deposits, Margin Money Deposits (over 12 months), and Debt Security Coverage Account balances with lender banks.;

Capex Update

Capex in Q4 FY25

➢ Incurred total project capex of Rs 6,681 million during the quarter, with major allocation to the three projects: a) Egypt: Rs. 2,903 Mn for the Aseptic packaging facility, b) Rs. 3,186 million for the WPP bag manufacturing unit in Mexico and c) India: Rs 140 million for the debottlenecking project at the aseptic packaging facility in Sanand.

Investing in Future

PET, MLP Recycling unit: ➢ Setting up two recycling plants in Noida—a PCR PET chips plant with a 36,000 MTPA capacity and an MLP recycling plant with a 3,600

MTPA capacity—at an estimated capital expenditure of Rs. 3,171 million.

India

Asepto (liquid) Packaging Debottlenecking Project: ➢ Asepto India's debottlenecking will expand capacity from 7 billion to 12 billion packs per annum, resulting in a 70% increase in capacity. ➢ With an estimated outlay of ~USD 24 million (Rs. 2,026 million), ~USD 22 million (Rs. 1,871 million) has been incurred and commissioning

expected in H1 FY26.

Aseptic Packaging Facility: ➢ To meet the growing demand for aseptic packaging in Egypt, Europe, the Middle East, and East Africa, UFlex plans to commission an Aseptic

packaging facility in Egypt by H2 FY26, with an annual capacity of 12 billion packs.

➢ The project has an estimated cost of approximately USD 126 million (~Rs. 10,905 million), of which USD 52 million (~Rs. 4,512 million)

Egypt

already incurred and expected to be commissioned in FY26.

Woven Polypropylene (WPP) Plant: ➢ Setting up an 80 million-capacity WPP bag manufacturing plant to meet the growing demand for pet food packaging, to be commissioned in

FY26. This plant will cater to the high-growth pet food market across North and South America.

Mexico

➢ The project has an estimated outlay of ~USD 50 million (Rs. 4,222 million) of which ~USD 37 million (Rs. 3,186 million) has been incurred.

Commercial Commissioning

India: USD = 86.55 Q4 FY25

Egypt – Virgin PET Chips Line ➢ The Company commenced commercial operations at its 216,000 MTPA Virgin Pet Chips Plant in Egypt in Q4FY25. Mexico – CPP Line ➢ The Company commenced commercial operations of its 18,000 MTPA CPP line in Mexico in Q4FY25.

Q4 FY25 EBITDA Bridge

Normalized EBITDA Bridge (Q4FY24 vs Q4FY25)

EBITDA improvement led by healthy performance in the packaging films and packaging segment.

Increase

Decrease

Total

3,771

4,364

(2,144)

(90)

(480)

(695)

4,726

4,782

EBITDA Q4FY24

Revenue

COGS

Power & fuel

Emp. exp.

Other exp.

EBITDA Q4FY25

Exch. & der.

Norm. EBITDA Q4FY25

• Revenue increased by 10.8% YoY, primarily driven by increased volume, the right product mix and pricing strategies across product categories.

•

Improved operating profits driven by volume growth, and improved product mix.

• Note: Rs. 56 million related to foreign currency gains/losses and gains/losses in derivative instruments are absolute adjustments made to calculate normalized EBITDA. This figure does not represent

an increase compared to same quarter previous year.

1. Bracket implies negative numbers

Q4 FY25 EBITDA to Normalized PAT

4,726

(1,763)

EBITDA to Normalized PAT (Q4FY25)

EPS

Q4FY25

Weighted Av. No. of shares (millions)

72.2

Normalized earnings per share1

Rs. 13.66

700

1,819

1,686

(133)

1,119

(1,844)

986

(700)

EBITDA

D&A

Finance Costs

PBT (excl. excep.) Exceptional Items

PBT

Tax Expense

PAT

Add: Excep. Item Normalized PAT

1. Normalized earnings per share based on adjusted net income excluding exceptional items related to Nigeria, Egypt & Mexico currency translation

1. P A T : PAT after non - Controlling interest

FY25 EBITDA Bridge

Normalized EBITDA Bridge (FY24 vs FY25)

Increase

Decrease

Total

16,740

15,135

(9,443)

(143)

(1,558)

(2,542)

18,188

836

19,024

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 increased volume, the right product mix and pricing strategies across product categories.

•

Improved operating profits driven by volume growth, and an improved product mix.

Note: Rs. 836 million related to foreign currency gains/losses and gains/losses in derivative instruments are absolute adjustments made to calculate normalized EBITDA. This figure does not represent an increase compared to same period previous year.

1. Bracket implies negative numbers

Shareholder Returns

▪ Management’s Commitment to Shareholder Interests

▪ Delivering Tangible Returns to Shareholders through Dividends

Manage Balance Sheet Effectively

Invest for Growth

Consistent Returns to Shareholders

Dividend per Share (DPS Rs.)

3.5

3.2

2.7

2.5

3.0

2.5

2.0

0.50

1.0

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

Standalone Spotlight on Key Financials over the Years

Sales (Vol. MT)

Revenue (Rs. Mn)

EBITDA (Rs. Mn) and Margin

6 4 8 6 7 1

2 0 8 4 9 1

3 9 6 9 0 2

7 5 7 1 3 2

0 2 2 8 5 2

2 5 1 6 6 2

6 0 2 7 5

0 7 1 8 6

6 1 5 6 6

6 9 0 8 7

4 2 5 1 4

4 5 5 6 4

4 6 1 6

0 6 6 7

7 9 7 6

8 1 6 7

1 0 7 7

7 8 2 9

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

PAT (Rs. Mn) and Margin

Gross Debt (Rs. Mn)

Net Debt (Rs. Mn)

14.8%

16.5%

11.9%

11.2%

11.6%

11.9%

3.5%

4.9%

3.9%

3.6%

2.4%

2.7%

4 0 3 2

3 2 2 2

7 3 4 2

5 4 1 2

0 1 6 1

3 3 4 1

0 4 6 4 1

0 7 2 9 1

0 4 1 2 1

0 4 3 3 2

3 4 9 5 3

0 3 3 0 3

0 3 9 0 2

0 3 4 5 1

0 4 6 0 1

0 7 4 0 1

0 5 8 5 2

4 9 2 8 2

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

Standalone P&L Summary

Particulars (Rs. Mn.)

Q4 FY25

Q3 FY25

Q4 FY24

QoQ

YoY

FY25

FY24

YoY

Revenue

EBITDA

20,117

19,549

16,709

2.9%

20.4%

78,096

66,516

17.4%

2,365

2,538

2,250

(6.8%)

5.1%

9,287

7,701

20.6%

EBITDA Margin (%)

11.8%

13.0%

13.5%

(122 bps)

(171 bps)

11.9%

11.6%

31 bps

Depreciation and Amortization

Finance Cost

Profit Before Tax

Profit After Tax

791

796

778

712

809

921

808

577

747

666

837

614

(2.2%)

5.8%

3,200

2,982

7.3%

(13.6%)

19.5%

3,348

2,558

30.9%

(3.7%)

(7.0%)

2,738

2,161

26.7%

23.4%

16.0%

2,145

1,610

33.2%

Profit After Tax Margin (%)

3.5%

3.0%

3.7%

54 bps

(14 bps)

2.7%

2.4%

33 bps

EPS (Rs.)

9.86

7.99

8.50

23.4%

16.0%

29.70

22.29

33.2%

Note: 1) Numbers in the table may not add up due to rounding-off. 2) Previous year figures have been regrouped wherever necessary.

Product Innovation – Chemicals (Inks & Adhesives)

FLEXCURE High Slip Digi Coating

FLEXCURE HF GR Gloss Coating

FLEXBOND FB DL–502 and FB DL–504

FLEXPAK 5300

INKS

UV Digi Gloss Coating

High Flexibility UV Coating

solution

▪ The FLEXCURE HIGH SLIP DIGI COATING is a cutting- designed edge specifically for LED digital sheets, printed PVC in decor commonly used and signage applications.

▪ The FLEXCURE HF GR is an GLOSS COATING coating UV advanced solution flexible for packaging, ideal for use on laminates, pouches, and specialty packaging

▪ Special properties: excellent adhesion on digitally printed surfaces, high-gloss finish, superior premium scratch abrasion and resistance, fast UV curing, and print enhanced durability.

▪ Special

properties: exceptional flexibility and fold crack resistance, high speed, curing strong adhesion, low odour and migration, heat resistance, and for sustainability recyclable packaging.

Water Lamination Adhesives

Based

Dry

Thermoplastic Polyurethane Resin (TPR)

▪ These

are

water-based copolymer synthetic emulsion adhesives designed for high-speed dry lamination in offset packaging. Ideal for laminating various films to printed or unprinted paper / duplex board substrates. Compatible with dual-metal roller machines, they ensure efficient and strong bonding.

application

▪ Special

100% properties: aqueous, ready to use, strong bond and machinability, high gloss post-lamination.

for

▪ High-molecular-weight TPR urethane aliphatic with primarily technology, in use intended ink systems. flexographic line with in Developed sustainable packing solution, it offers excellent solubility in alcohols, esters, co-solvents.

▪ Special

Properties: with Compatible nitrocellulose and polyvinyl butyrate resins, ideal for CT/CC PET flexo inks, and for SB/SF adhesives.

Updates

▪ Water based ink application areas have been extended by developing new inks for corrugation, Paper Cups, Paper bags, Tissue paper & Notebook printing. Brand owners like Subway, KFC, Adidas have approved of our inks.

▪ 4S

Non-Toluene Polyurethane ink has been rolled out successfully in the Domestic market.

▪ In CI Flexo the new inks series developed for corona treated PET, breathable & non breathable PE printing.

Product Innovation – Flexible Packaging

ITC RTE Pouch

Tube Laminate

Jay Baba Bakreswar – Farm House Rice Bag

▪ ULP PET Pouches offer convenient microwave heating and are ideal for hot-fill applications such as sauces, ketchup, gravy, jams, and marinades, as well as packaging meat, cheese, frozen foods, and dry fruits. With an expected monthly business of 5-6 MT, UFlex is actively targeting FreshToHome, Licious, Samosa Party, and MTR to expand business and supply ULP PET Pouches for their packaging needs.

▪ Specification: 12 UPL PET /

70 PE NAT

▪ Silver and gold Metallica 280 micron: It consists of multiple layers, including 70-micron natural PE, 34-micron extruded PE, 12-micron special-grade metallized PET, 34-micron extruded PE, and 130-micron natural EVOH PE.

PE,

▪ Silver Holographic Laminate: It features multilayer a composition with 70-micron 13-micron natural metallized holographic film, 30-micron extruded PE, 12- micron aluminum foil, another 30-micron extruded PE, and 130-micron natural PE.

▪ UFlex

has

developed packaging for Jay Baba Bakreswar Rice Mill Pvt. Ltd. under the Farm House brand. Notably, this is the first 50kg SKU rice bag developed UFlex, marking a milestone in bulk packaging solutions.

▪ Type and Structure: Block 18BOPP/20

Bottom, EXT.W/78 WPP W

▪ Business (Africa)

Type:

Export

ITC Ltd - Savlon

• UFlex in collaboration with ITC developed sustainable packaging solution for its Savlon brand, featuring an 8.2g SKU designed for the domestic market. A key highlight is the use of PCR- based laminate, reinforcing ITC's commitment to eco- friendly packaging solutions.

▪ Structure:

10PET/6.3ALU

FOIL/10 PET/40 PE.N

▪ Business Type: Domestic

Product Innovation – Packaging Films

F-ETS

F-MEX-M

B-TCM-M

B-TDF

B-HSA

One side MST coated Transparent BOPET film

Metallized BOPET Film

for

▪ Designed secondary pharma. of packaging tablets and pills, this film offers tearing easy properties in both machine and transverse directions.

▪ Special

for

Properties: Proprietary alternative to strip-to- Cellophane paper sealing, water-based coating, calibrated heat seal strength, excellent gloss, and transparency.

▪ End Use Application: Tablet strip packaging, single-web lamination with Al foil.

▪ F-MEX-M film is available in ranging optical densities to 2.8, which from 2.2 provides customers with a diverse array of application options, making it a highly for adaptable various packaging needs.

solution

▪ Special properties: suitable for both side extrusion coating with no solvent emissions and hot fill applications, good barrier properties, direct extruded polyethylene adhesion without the need for primer.

barrier

heat High sealable metallized BOPP film for sustainable solutions

non

▪ With an optical density of 2.8, the film offers excellent barrier properties, the contents from external factors such as moisture, oxygen, and light.

protecting

▪ Special properties: Thinnest metallized BOPP film (8µ) low GSM & high linear mileage. good metal adhesion and brilliance, and good adhesive bond.

▪ End Use Application: Cold release and paper board lamination.

Heat sealable transparent BOPP film

▪ It has diamond COF on sealing side and other side treated for good printability and lamination.

▪ Special Properties: Diamond and consistent static COF (0.80), excellent printability, good optics, good extrusion bond and good dimensional stability.

▪ End Use Application: Cold release and paper board lamination.

Transparent BOPET film

▪ The film has one side heat sealable with antifog property and other side untreated surface.

surface

▪ Special Properties: Seal to itself, APET, CPET, PVDC & PVC, Excellent hot and cold Antifog properties, good clarity and transparency.

▪ End Use Application: Food track seal

trays sealing, operation.

Product Innovation – Holography and Engineering

Elevate Calendar Applications

Registered Transfer Mettalized Board

Holographic QR Code

Matte Laser Sequins Film with Subtle Holography

MT 1200 – C with

Case Packer

▪ UFlex

enhance

reintroduced

a specialized holographic film to calendar applications, with superior visual brilliance and design flexibility.

▪ Precision micro-embossing creates a dynamic 3D effect and colour play, elevating premium appeal with both side coating.

vivid

▪ Custom designs

enable festive themes, creating high-impact calendars as lasting brand touchpoints. UV embossing technology enhances gloss, clarity, and durability, providing a richer, more resilient finish.

▪ Introducing the Registered Transfer Metallized Board, blending premium aesthetics with eco-friendly functionality.

registers effect

▪ Precisely the on metallic packaging designated areas, creating a sharp contrast between metallic and non-metallic zones for enhanced branding and shelf impact.

▪ Fine aluminum deposition ensures the board is fully recyclable and repulpable, reducing environmental impact while preserving a luxury finish.

▪ UFlex Holography

introduces the Raised Holographic QR Code, combining authentication, track & trace, and premium aesthetics.

▪ Each QR code

features a raised holographic effect for enhanced security and a high- end tactile experience that is difficult to replicate.

visual

and

▪ Easily integrated onto labels and flexible packaging, this innovation helps brands secure and differentiate their products with a distinctive premium touch.

▪ UFlex introduced a matte sequins film with a subtle holographic effect, meeting the demand refined fashion embellishments

for

▪ This version features soft iridescence, achieved through precision coatings and Laser Holographic design, making it perfect for evening haute couture, and accessories, wear, ready-to-wear fashion.

▪ This renovation strengthens reputation as a innovative fashion

UFlex's trend-driven, leader embellishments.

complete

▪ The new high-speed Multi- Track Packing Sachet Machine operates at 180 tracks per minute, offering packaging a solution from sachet filling to carton packing and sealing. Designed for liquid products like shampoo and innovation oil, enhances productivity, enables auto collation, and reduces manual labor, making it a game-changer for the packaging industry.

this

Appendix

Management & Shareholders Information

➢ Management Team ➢ Shareholding Pattern ➢ Group Structure ➢ UFlex Values

Management Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence

Ashok Chaturvedi, Chairman & Managing Director • • Revered as the 'Father of the Flexible Packaging Industry in India' for

First Generation Entrepreneur and the Founder Promoter of UFlex Group

developing innovative packaging for 40+ years

• Conferred with several awards for his contribution to industry

Rajesh Bhatia – Group President (Finance & Accounts) & CFO • Holds 30+ years rich experience of in the fields of Finance, Accounts,

Taxation, Business Development and last assignment was as CFO & CEO – Global Business of Jindal Steel & Power Ltd. (JSPL)

• Commerce Graduate and an Associate Member of the Institute of Chartered

Accountants of India (ICAI)

Anantshree Chaturvedi Vice Chairman & CEO, Flex Films International •

Learned the trade of flexible packaging both domestically and internationally with hands-on experience in India, Mexico, Poland, Egypt, UAE & USA; and subsequently spearheaded the expansion of UFlex in USA

• Vested with the additional responsibility of Global Product Stability, R&D, HR

Protocols

Apoorvshree Chaturvedi, Director, Global Operations, UFlex Group • Director of European Union Operations and Head of Corporate Sustainability

Actions on ESG and Growth-Related Ventures at UFlex Group

• Alumnus of New York University. He joined UFlex in 2012 as a Managerial Trainee and spearheaded Marketing & Sales for European & Middle East regions at UFlex

Total years of experience in the industry

Jeevaraj Gopal Pillai, Whole Time Director, Director - Sustainability, President - Flexible Packaging and New Product Development • Has over 35 years of experience in Packaging technology from Pre-press and cylinder making, film making, to high-end conversion of flexible packaging material.

• Has command on Energy Curing Technology, Hologram embossing, new

generation Flexi tubes etc.

Ashwani K. Sharma, President & CEO, Aseptic Liquid Packaging Business

• Driving large organizations globally with rich experience of 28 years. His last

assignment was with Asia Pulp & Paper - based out of Jakarta, where he served as the Managing Director of a 25 Billion USD Company

• Global exposure- previously based in Europe as CEO & Chairman of the Board of

Horizon Pulp & Paper

P.L Sirsamkar, President & Technical & New Product Development, Packaging Films Business •

Experience of 37+ years in Packaging Films business and has been with the Group for over 30 years. Previously, worked in reputed organizations like Garware & Polyplex. Instrumentation & Electronics Engineer

•

Jagmohan Mongia, President - Packaging Films Business India • Strong expertise of Sales & Marketing domain and has record of business

development and building strong sustainable organizations

• Comes with a rich experience of four decades in industries like Textile, Steel and Paints and has worked with renowned companies like Berger Paints and Garware earlier. He has been associated with UFlex for 28+ years

Management Team Professional Management with an Average Experience of > 25 Years in Business, Corporate, Project & Operational Excellence

Chandan Chattaraj, President, Human Resources (India and Global) • Three Decades of Experience with Esteemed Organizations like Aircel, The

Oberoi Group, Xerox India and Jubilant Organosys in leadership roles.

• Has been Conferred with Multiple Honours like ‘HR Professional of the Year’, ‘HR Leadership Award’ and ‘Best Transformational Coach by World HRD Congress.

Dinesh Jain, President, Legal & Corporate Affairs • Has a Rich Experience of Four Decades and has been Associated with the

Group for over 29 Years.

• Chairman of National Institute of Personnel Management- Delhi NCR Chapter and Past President of Noida Management Association.

• MBA, LLB & LLM (Gold Medalist) from Agra University.

Parwez Izhar, Senior Vice President, Printing Cylinders Business • Close to Three Decades of Experience in Areas like Strategic Planning,

Costing, Project Management.

• Holds Master’s Degree in Finance from XLRI, Jamshedpur and is Lean 6-

Sigma Black Belt Champion. He has Also Studied Implications of Artificial Intelligence on Business Strategy from MIT Sloan, USA.

Amit Shah, Joint President and Chief Marketing Officer, Flexible Packaging Business •

Industry Veteran with 26+ Years of Domestic & International Experience in B2B Marketing and Sales, both in Domestic as well as International Markets, Product Development and Launch and turning around of businesses.

Rajesh Bhasin, President, Chemicals Business • Meritorious Experience of over 30 years of Handling Challenging and Complex

Marketing Assignments.

• Prior to UFlex, held Leadership Positions at Pidilite, Jubilant Organosys and Essel Propack. He is adept in setting up Joint Ventures, Acquiring New Businesses, Launching New Product Categories and Initiating brands. (7+ Years).

Sumeet Arora, Sr. Vice President, Marketing – Engineering Business •

Experienced Business Leader with 30+ years in SBU operations, P&L management, and Developing New Markets and Growing Existing Markets for Capital Equipment both Domestic and International.

• Prior to UFlex, Served as the Managing Director at Uhlmann India, and Held

Leadership Positions across Renowned Organizations like Cenlub Industries, SS Packaging, ACG Worldwide, and Hassia Packaging.

• Holds a B.Tech in Mechanical Engineering from YMCA Faridabad.

Vinod Hariharan, Executive Vice President, Holography Business • Brings over 28 years of experience in Strategic Planning, Business Development,

•

Channel Management, Digital Marketing, Sales, and General Management. Extensive experience with International Organizations, including Fortune 500 Firms, and Held Key Roles at Tesa, Tapes GmbH, 3M India Ltd, and Gulf Oil. Prior to UFlex, served as the Head of Sales & Marketing for APAC at Tesa.

• Holds a B.Tech in Mechanical Engineering from NIT – Kozhikode and Completed a

Senior Management Program from IIM – Kolkata.

Total years of experience in the industry

Shareholding Pattern – March 2025

Shareholding

Historical Shareholding Pattern ( in %)

Promoter Group 44.58%

Others 24.50%

MF and AIF 0.28%

CBO, Insurance and FI 15.50%

FIIs, FPIs and FC 15.14%

Promoter Group CBO, Insurance and FI Others

FIIs, FPIs and FC MF and AIF

BSE Ticker: 500148 NSE Symbol: UFLEX

UFLEX Limited has informed the Exchange about Investor Presentation

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