UFLEX LIMITED

India’s largest multinational flexible packaging materials and solution company

Manufacturing Globally to serve Locally

July 2018
Disclaimer

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness,
accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and
opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may
not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs
and assumptions of the management of the Company, which are expressed in good faith and in their opinion reasonable,
including those relating to the Company's general business plans and strategy, its future financial condition and growth
prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking
statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial
condition, performance or achievements of the Company or industry results to differ materially from the results, financial
condition, performance or achievements expressed or implied by such forward-looking statements, including future
changes or developments in the Company's business, its competitive environment and political, economic, legal and social
conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and
other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements.
The Company disclaims any obligation to update these forward-looking statements to reflect future events or
developments. This presentation is for general information purposes only, without regard to any specific objectives,
financial situations or informational needs of any particular person. This presentation does not constitute an offer or
invitation to purchase or subscribe for any securities of the Company by any person in any jurisdiction, including India and
the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any
contract or commitment to purchase or subscribe for any securities. The Company may alter, modify or otherwise change
in any manner the content of this presentation, without obligation to notify any person of such change or changes. This
presentation may not be copied or disseminated in any manner.

2
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

3
About Uflex
 Engaged in providing end-to-end flexible packaging solutions to customers viz. packaging design &
colour scheme, packaging structure, packaging products (value added anti-counterfeiting solutions to
prevent look-alikes from eroding the brand equity of our clients world over)& filling machines;
 Most integrated to have presence in all verticals of flexible packaging value chain
 Largest flexible packaging company in India and emerging player in the global market
 Promoted and founded in 1985 by Mr. Ashok Chaturvedi, a first generation entrepreneur
 A great story of entrepreneurship, perseverance, operational excellence, belief and a proven track record
of success
 World class manufacturing facilities of packaging films in India, Dubai, Mexico, Egypt, Poland and USA
(Current Capacity– 337,000 TPA) and of packaging products at multiple locations in India (Current
Capacity- 100,000 TPA) accredited by ISO/BRC/HACCP
 Focus on innovation, new product development and faster reach to the customers;
 Large array of packaging products in terms of size and types of goods they can pack, touching people’s
lives everyday, everywhere.
 Strong Global sales and distribution network with customers in about 140 countries
 Clientele include Perfetti, Nestle, P&G, Britannia, Fritolay, Tata, Cadbury among several others.
 Highly experienced leadership and management team with long association, almost since inception with
proven track record
 Employs about 9300 trained and skilled persons globally
 Board comprises 8 Directors, of which 5 are independent. One Whole Time Director. Only 1 Director from
Promoter Group. One Nominee from Financial Institution
 FY 2017 achieved consolidated Net Revenue of Rs. 62499 MLN (USD 964 MLN); EBITDA of Rs. 8989
MLN (USD 139 MLN); EAT of Rs. 3485 MLN (USD 54 MLN) 4
Characteristics of Flexible Packaging

• Preserve / Protect / Promote products – Barrier Properties/ Better Aesthetics

• Lower energy use at all levels of Production/ Transportation/ Disposal

• Lighter weight with reduction at source

• Less storage space

• Ease of transportation & convenience of handling

• Recyclable / Re- processable – Eco friendly

• Anti-counterfeiting features through the use of Hologram and its advanced technologies
like Unigram, Fresnel Lens, Latentogram, Stamping Foils for brand protection from look-
alikes.

• Cost effective compared to Rigid Packaging

5
Business Presence Throughout the Packaging Value Chain

6
Flexible Packaging Solutions We Offer For :

A. Solid Products (5 grams to 40 kg.)

B. Semi Liquid Products (10 ml to 1000 ml)

C. Liquid Products (65 ml to 1000 ml)

7
Packaging Film Business

Properties : Barrier Properties, High Tensile & Dielectric Strength,

Thermal & Chemical Stability & Toughness

Application : Food Packaging, Electric Insulation, Graphic Arts and

Imaging
BOPET Films
Capacity (TPA) : India – 54,000; Dubai – 52,000; Mexico- 60,000;
Egypt – 30,000; Poland - 30,000 & USA – 30,000 (2,56,000 TPA)
Brand : FLEXPET

Properties : Strong Moisture Barrier, Highly Cost Effective, Functionally

Efficient

Application : Food Products Packaging (confectionery, biscuits, bakery,

BOPP Films
pasta etc.), Cigarette Cartons Wrapping, Bags for Readymade Garments,
Adhesive Tapes & Print Lamination

Capacity (TPA) : India – 30,000; Egypt – 35,000 (65,000 TPA)

Brand : FLEXOPP

8
 Properties : Highly Dynamic & Versatile Films with High Gloss, Greater
Transparency, Better Heat Sealability, Good Twisting Property & Better
Tear Strength
CPP Films
Application : Retort Packing, Food Wraps, Anti Wraps, Anti Fog,
Garments Bag, Deep Freeze Applications etc.

Capacity (TPA) : India – 4,000; Egypt – 12,000 (16,000 TPA)

Brand : FLEXCPP

Properties : Easy to process because of flexible properties, Gets back

to original shape even after folding, Can be used in outer, middle or
inner layer because of sealing properties, Easy to slit in narrow widths,
High shelf life
Metallization
Application : Snack food packaging, Biscuits & other Bakery products,
Packaging of PET food etc.

Capacity (TPA) : India – 33,600; Dubai – 4,800; Mexico- 15,600;

Egypt – 18,000; Poland - 10,800 & USA – 10,800 (93,600 TPA)

Brand : FLEXMET

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Flexible Packaging Business

Products :
Flexible Laminates : Made out of combinations of BOPP, BOPET, VMPET,
VMOPP, BON, CPP, Aluminum Foil, Paper, LDPE/LLDPE/m-LLDPE, HDPE, Acid
Flexible Co-Polymer, Ionomer, Saran Coating, Security Holograms
Laminates, Pre – Formed Pouches : Stand-up/Centre-sealed, Three Side Sealed,
Pouches, Guessetted Pouches and Bags; Reclosable Zipper and Slider Pouches (for
Bags, Flexi- powders and granules); Reclosable Cap and Pouring Spout Pouches (for
Tubes & liquids); Carry bags, Gift and Promotional Bags, Big Pouches & Bags, Flexi
Liquid Packs Tubes, Aseptic Liquid Packs etc.

Capacity (TPA) : India – 100,000

Capacity for Aseptic Liquid Packs – 7 Billion Per Annum

Products : Holographic, Metalized Films; Holographic, Metalized transfer to

paper with or without printing; Gift Wraps; All Purpose Slider Bags; BOPET
Films Laminated to Paper; BOPP with or without Surface Printing, Stamping
Holograms Foil, Spot Holograms, Fresnel lens etc.

Capacity (TPA) : India –8,600

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  Uflex specializes in manufacturing of a wide variety of
packaging machines, which cater to customer’s specific
requirements
 Uflex machines are globally accepted in more than 35 countries
 Valued customers for machines include MNCs like Unilever,
Coca Cola, Wrigley, Tata Tea, ITC etc.
Packaging &
Converting Form Fill & Seal Machines : Packaging of tea, sugar, spices etc.
Machines High Speed Pouch Making Machines : Tailor made for Stand-up, Easy
Pour, Centre Seal, Zip Slider Pouches
Converting Machines : Rotogravure Printing, Lamination, Slitting,
Inspection, Holographic Machines
Wrapping Machines : For Round & Rectangular Objects like Biscuits,
Soaps, Cassettes, IV Bottles
Special Purpose Machines : Vacuum Brick Pack Machines, Pick Fill &
Seal Machines

Capacity (Nos) : India – 1,570

Reach : Accepted in > 35 countries
Customers : Unilever, Coca Cola, Wrigley, Tata Tea, ITC etc..

Products : Inks & Adhesives/ Rotogravure cylinders/ Poly film

Applications : Inks – used for printing on a substrate (film) and then dried
Adhesives – applied on multiple application roll that applies the adhesives to
Allied Substrate (film)
Materials
Capacity (TPA) : Inks & Adhesive – 41,000; Poly Film – 6,000;
Rotogravure Cylinders - 89,000 Nos.

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 Group Companies Structure
UFLEX LIMITED
India

Overseas Facilities
(Packaging Film Indian Facilities
Business)

Flex Middle East,

Dubai Noida Jammu Sanand
(100% Subsidiary)

Flex P Films, Flex Films Europa, Flex Films USA, Flex Americas SA,
Egypt Poland Kentucky Mexico
(100% sub.) (100% sub.) (100% sub.) (100% sub.)
(Share holding transfer
under process)

 Packaging  Packaging  Aseptic

 Cylinders  Cylinders Liquid
 Inks & Adhesives  Inks & Adhesives Packaging
 Holography  Holography
 Engineering
 Packaging Films
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Overseas Manufacturing Facilities, Capacity &
Commissioning
DUBAI
BOPET Film Line I:
• 6.7 meter wide High Performance BOPET Film line of
22,000 MT p.a. capacity commissioned in Mar 2005
under Phase 1.
• The line produces films for various applications in the
thickness range of 9-50 microns

BOPET Film Line II:

• 8.7 meter wide High Performance BOPET Film line of
30,000 MT p.a. capacity commissioned in Sep 2007
under Phase 2.
• The line produces films for various applications in the
thickness range of 9-50 microns

Metallizer:
• 2.5 meter wide state of art metallizer commissioned
under Phase-1
• Produces over 4,800 MT p.a. of high barrier metallized
films

FME’s state-of-art facility has an installed capacity to produce over 51,600 MT of BOPET film per annum
13
Contd.
MEXICO
BOPET Film Line I:
• 8.7 meter wide High Performance BOPET Film line of
30,000 MT p.a. capacity commissioned in April 2009
under Phase 1.
• The line produces films for various applications in the
thickness range of 9-50 microns

BOPET Film Line II:

• 8.7 meter wide High Performance BOPET film line of
30,000 MT p.a. capacity commissioned in July 2011
under Phase 2.
• The line produces films for various applications in the
thickness range of 9-50 microns

Metallizer:
• State-of-art metallizers commissioned under Phase 1
• Produces over 15,600 MT p.a. of high barrier metallized
films

FME’s state-of-art facility has an installed capacity to produce over 60,000 MT of BOPET film p.a.

14
Contd.
EGYPT
BOPP Film Line & CPP Film Line:
• 8.7 meter wide High Performance BOPP Film line of
35,000 MT p.a. capacity commissioned in
September,2010 under Phase 1.
• 3.7 meter wide High Performance CPP Film line of
12,000 MT p.a. capacity commissioned in July ,2011

BOPET Film Line:

• 8.7 meter wide High Performance BOPET Film line of
30,000 MT p.a. capacity commissioned in December,
2011 under Phase 2. It is the only Polyester film in Africa.
• The line produces films for various applications in the
thickness range of 9-50 microns

Metallizer:
• 2.85 meter wide state-of-art metallizers commissioned
• Produces over 18,000 MT p.a. of high barrier metallized
films

Alox Coating:
• Produces 2,400 MT p.a. of high barrier transparent films

Flex P Films state-of-art facility has an installed capacity to produce over 77,000 MT of BOPET/ PP films p.a.
15
Contd.
POLAND

BOPET Film Line :

• 8.7 meter wide High Performance BOPET Film line of
30,000 MT p.a. capacity commissioned in July 2012.
• The line produces films for various applications in the
thickness range of 9-50 microns

Metallizer:
• State-of-art metallizer commissioned
• Produces over 10,800 MT p.a. of high barrier metallized
films

Flex Films Europa’s state-of-art facility has an installed capacity to produce over 30,000 MT of BOPET film p.a.

16
Contd.
KENTUCKY

BOPET Film Line:

• 8.7 meter wide High Performance BOPET Film line of
30,000 MT p.a. capacity commissioned in Jan 2013.
• The line produces films for various applications in the
thickness range of 9-50 microns
• One of the world’s largest film line and bigger than any
other film line presently in the USA

Metallizer:
• State-of-art metallizer commissioned
• Produces over 10,800 MT p.a. of high barrier metallized
films

Flex Films (USA) state-of-art facility has an installed capacity to produce over 30,000 MT of BOPET film p.a.
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Plant Capacities
Products India Dubai Mexico Egypt Poland USA Total

(A) Main Products

 Laminates/ Pouches/ Tubes/ Big Bags(TPA)

100,000 100,000
(Flexible Packaging Products)

 Liquid Packs (Million packs) 7,000 7,000

 PET Film (TPA) 54,000 52,000 60,000 30,000 30,000 30,000 256,000

 PP Film (TPA) (Packaging Films) 30,000 35,000 65,000

 CPP Film (TPA) 4,000 12,000 16,000

88,000 52,000 60,000 77,000 30,000 30,000 337,000

(B) Intermediary Products

 Poly Film (TPA) 6,000 6,000

 Metallization (TPA) 33,600 4,800 15,600 18,000 10,800 10,800 93,600

 Holography (TPA) 8,600 8,600

 Inks & Adhesives (TPA) 41,000 41,000

 Rotogravure Cylinders (Nos) 89,000 89,000

 Packaging & Converting Equipments (Nos) 1,570 1,570

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Uflex’s facilities at Strategic Locations

Poznan, Poland
(Packaging Film)
Kentucky, USA
(Packaging Film)
Jammu, India (Packaging)
Altamira, Mexico 6thOct. City, Egypt Noida, India (Packaging Film & Packaging)
(Packaging Film) (Packaging Film)
Sanand, India (Aseptic Packaging Material for Liquid Products)
Jebel Ali Free Zone, Dubai
(Packaging Film)

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Strong Presence At All Major Business Centers

Agents / Distributors
Direct Presence

20
Key Customers

Key Customers

Uflex’s emphasis on product innovation, quality enhancement together with competitive

price and just-in-time deliveries makes it preferred vendor worldwide

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Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

22
Vision, Mission & Values

• VISION
“Be a leading company and preferred supplier for
providing flexible packaging solutions to customers
across the world maximizing value for all stakeholders”

• MISSION
To meet customers’ dynamic packaging needs by
providing innovative, productive, cost-effective, optimized
and eco-friendly packaging solutions, continually adding
value to their business.

23
Contd.

• VALUES

 Trust & Respect

 Customer Value Creation

 Innovation

 Global Perspective

 Speed In All Directions

 Socio-Environmental Sustainability

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Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

25
Corporate Goals & Strategies

A. GOALS:
 To grow global market share

 To become preferred vendor for customers

 To grow revenues, profits and generate free cash flows

 To increase assets’ efficiencies to enhance return on capital

 To run business with environmental and social responsibility

B. STRATEGIES:
 Growth through innovation to create differentiation

 Speed to market reach

 Proximity to customers to ensure quick deliveries & better service to customers

 Offer wide range of packaging products both in terms of size and types of goods they can
pack

 Excel in operational efficiencies to enhance competitive position

26
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

27
Flexible Packaging Industry
Indian Flexible Packaging Industry is growing at 15-17% annually. The increasing demand for
flexible packaging products gives strategic advantage to organized players in the domain. The
industry provides an ideal opportunity for investment.

Rigid Packaging Flexible Packaging

• Old and traditional form of packaging • Contains multi-layered laminated sheets of
single or a combination of substrates such as
• Constitutes glass bottles, metal cans, Rigid,
Flexible,
21% plastic, paper and aluminium foils in rolls or
aerosol cans, battery cell cans, aluminum 79% preformed sachet.
collapsible tubes, corrugated boxes etc. • Provide strength, moisture resistance, aroma
retention, gloss, grease resistance, heat
retention, printability, low odour and better
brand positioning

Industry Structure set to change

• With the expanding middle class and rising income levels, consumption patterns are changing substantially
• The increased interaction of India with the developed world is considerably influencing the aesthetic and quality norms
of the Indian consumer, leading to better consumption standards
• Greater consumption of branded products is giving unique identity to packaging both in terms of product quality and
presentation
• Increase in the demand for quality and convenience-based products is expected to encourage the flexible packaging
business
• Setting up of organized retail supply chain in India would create demand for packed goods.
28
Global flexible packaging industry is growing at 5 - 5.5% annually and expected to grow at least at the same rate in
future. Shift to Asian suppliers is due to competitive advantage of Asian countries V/s Western countries on
account of better quality, large product portfolio, prompt service and quicker deliveries.

Flexible Packaging BOPP Films

BOPET Films
Products
- Amcor - Bemis - Toray - Dupont Teijin - Jindal - Taghleef Ind.

- Sonoco - Print pack - Uflex - Tianjin Wanhua - Tian An HK - Treofan

- Winpack - Constantia - Mitisubishi - Polyplex - Jiangsu - Vifan

Major Players -Huhtamaki - Coveris - Jiangsu - SKC Inc. -Cosmo - Uflex
Worldwide - Borealis AG - Dow Chemicals
-Mondi - Tuboplast -Taghleef Ind. - Fuwei Films
-Neopac - Montebello Packaging -JBF Group - Arkema S.A - SABIC

-AEP - Berry Plastics -Oben Group -Vibac Group

Market Size: USD 200 bn Market Size: USD 16 bn Market Size: USD 24 bn

Global Market Size (Film + Packaging) : USD 240 bn

- Uflex - Huhtamaki - Uflex - Jindal - Uflex - Jindal

- Amcor - Essel Propack - Garware - Polyplex - Cosmo - Max
Major Players -Multiflex - Paharpur - SRF - Ester - Polyplex - SRF
in India -NB Polyfilms - RM Convertors - Chiripal - Sumilon - Chiripal - Nahar Polyfilms

Market Size: USD 5 bn Market Size: USD 1.5 bn Market Size: USD 1.5 bn
Indian Market Size (Film + Packaging) : USD 8 bn
29
End Use Segments

Flexible Packaging BOPET Films BOPP Films

Laminates (Indian Scenario) (Worldwide Scenario) (Worldwide Scenario)

12% 17%
26% 1%
17% 14% 5% 45%
9%
26% 14%
21% 24% 54% 15%

Packaging Industrial Electrical Packaging Adhesive Tapes

Processed Foods Mouth Freshener
Imaging Magnetic Media
Personal Products Beverages Print Lamination Cigarette Over Wrap

Others Others

A large portion of the

domestic demand for
Large portion of the output of the films business worldwide is
flexible packaging products
consumed as raw material by the packaging industry itself
is from the Food and
FMCG sector

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Raw Materials for Packaging Films & Other Packaging Solutions

• Used as raw material for manufacturing of polyester films,

polyester yarn and PET bottles after intermediary poly
PTA + MEG
condensation process

• Used as raw material in the production of polypropylene films

Poly Propylene • Three general types of PP: homo-polymer, copolymer and
Granules block polymer

• Used as raw material in the production of poly films

Poly Ethylene • Can be of three types, depending on the end use requirement
Granules – LDP: Lower Density Poly Granules
– LLDP: Linear Lower Density Poly Granules
– HDP: High Density Poly Granules

• Rotogravure inks and adhesives are used in the printing &

Inks and
lamination process respectively
Adhesives

Others • These materials are used as per the specifications of the

Foils/ Paper/ packaging products.
Solvents etc.
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Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

32
Proven Business Strategy & Key Growth Drivers
 Provides complete flexible packaging solution i.e.

 Packaging Design & colour scheme

 Packaging Structure
Integration
 Packaging Products
 Packaging Equipments
 Flexibility in innovation & product development

 Large capacities built up at strategic locations around the

World Class world
Manufacturing
 Reliability of quality
Facilities
 Assured timely delivery

Distinct
Features
Technical Competence  Efficient commissioning of the project in shortest time
& expertise with lowest capital cost
(Soft skills)  Efficient operation of the plants with higher productivity

 Innovative packaging concepts with & without IPRS/

providing higher growth opportunities
Continued Focus on
 Large array of products (2-3 new products to be launched
Innovation and New
every year)
Product Development
 Provides competitive edge

 Entails relatively higher margin than standard products.

33
  Large S & D network on global basis
Strong Sales &  Entails diversified & valuable customers with global
Distribution Network business potential

 Improves global reach

Global Expansion
Distinct Strategy  Better service to customers

 Advantages of competitive
Features

Strong Leadership &

 Experienced & long association
Management Team

34
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

35
Major Product Innovations

Packaging Film: Packaging Products:

 Green PET & rPET Film  EB Curing Standup Bags

 Direct Emboss able PET Film  Spot hologram product

 Antistatic Twistable PET Film  Single Dose Biodegradable Sachet

 High Barrier Laminate for shampoo sachet
 Special Heat-sealable PET Film
 Water Plus Pouch for drinking water
 Liquid Packaging PET Film
 Slider Zipper with Diaphragm
 Extrusion coatable BOPP Film
 3D Bags
 Retortable CPP Film
 Eco-friendly Hologram flexi tube
 Universal Grade Polyester Film  Flex Safe Pack for Moisture Proof Bag
 World’s First 8 micron BOPP Film  Big Bags for Pet Foods
 Alox coated (High Barrier Transparent) Film  Pouches with fresnel lenses & stamping foils etc to protect
 Antimony Free Polyester Film brands from counterfeiting and look alikes.
 PET Shrink film for full body labels Fresnel lens embossed films

 Hot Stamping Foil Transparent (ZNS) & Cold Foil  Cast n Cure Lens

for anti- counterfeiting segment Nano perforation for Rice Packaging

Pocket STC Pouches
AIOx coated 12.5 micron BOPET Film (F-PGX)
Spout Pouches in 3D Format
12 micron metallized BOPET Film (F-SBP12M)
Resource Optimized Packaging for Essential Indian Staples
12 micron high barrier transparent BOPET Film
Active Modified Atmospheric Packaging (AMAP) Flex Fresh
for enhancing the shelf life of fresh fruits and vegetables and 36
water less flower packaging
Major Product Innovations (Contd.)

Packaging Film: Packaging Products/ Achievements:

F-ETF; Easy Tear-able Film ESL Aseptic Flexi-Pouch Machine for packaging Milk & other beverages

 F-SLC- Film with different compositions of Post Profile pouch with sonically sealed spout for packing liquids

Consumer Recycle Chips BON-2 Packaging for oil that counters ink smearing and poly-deposition
Multi-Lane Automatic Linear Pick-Fill – Seal Machine
Unique 23-25 micron Thermal Holographic Film
Reflective Colour Communications System
BOPP/PET variants for documents authentication & carton
Laser Scoring Technology for precision incision at high web speeds
lamination
Mono Extruder, Co-Extruder and Tandem Extruder variants of Extrusion
Melamine Free, Acrylic Coated BOPET Film
Lamination Machines
Thinnest AlOx coated Polyester Film (9.5 micron) Easy Scoop – Lock Tight Pitcher Bags
Direct UV Offset Printable Polyester Film Optimized Cell Structure on Roto-Cylinders through Laser engraving for
Super Barrier Polyester Film, FLEXPETTM F-PGB-12 (12 20-25% less ink consumption than electromechanically engraved ones
micron)  Brand protection solutions for secondary packaging

 Specialized Polyester Film to replace BOPA & PVC films Anti Microbial Packaging

from Alu-Alu cold formed blister laminate Aesthetically Enhanced Reclose-able Bulk Bag with Ergonomic Easy
Carry Handle comprised of proprietary polymeric composition
Special HP Indigo Certified F-PDP Polyester Film for
First Indian retortable spouted bottom gusseted stand-up pouch
direct digital printing without prior priming /coating
Chemicals Business of Uflex becomes India’s first NABL accredited
Special polymeric film for replacing BOPA (Nylon)
entity in the field of combined manufacturing of Packaging Inks and
substrate
Lamination Adhesives
White, Good Gloss, Anti-Static Twist Wrap Polyester Film Launches resource optimized packaging for essential Indian Staples
New High Bond & Barrier Metallized Polyester Film Manufactures first glitter printing rotogravure cylinder in India
37
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

38
A. Corporate Governance

 3 tier Governance framework with proper delegation of decision making at all levels.

• Board & committees

• Management committees

• Heads of business group & corporate functions

 Board composition comprises

• 5 Independent Directors out of 8 members. One nominee of financial institution. One Whole
Time Director. Only 1 Director from the Promoter Group (Founder, Chairman & Managing
Director)

 Board constituted committees to exercise strategic supervision & control over statutory, regulatory,
systemic & other operational matters of the company within the overall supervision and control of
Board of Directors.

39
B. Management Team
The company has a very strong and experienced management team with proven track record and long
association, almost since the inception.
 Ashok Chaturvedi – Chairman and Managing Director
Mr. Ashok Chaturvedi is First Generation Entrepreneur and the Founder Promoter of Uflex Group.
He paved the way and assumed leadership position in the flexible packaging industry with his vision,
dynamism, and passion for developing innovative packaging solutions over the last 34 years.
Mr. Chaturvedi transformed a small business to a Global Enterprise with revenue of around USD 1 Billion.
He is revered as the ‘Father of the Flexible Packaging Industry in India’ and has been conferred with
several accolades to his credit.
 Rajesh Bhatia – Group President (Finance & Accounts); Global CFO
Mr. Rajesh Bhatia is a Commerce Graduate and an Associate Member of The Institute of Chartered
Accountants of India (ICAI). He brings with him wealth of rich experience of over 28 years in the fields of
Finance, Accounts, Taxation, Administration, Commercial & Business Development.
His last assignment was as CFO, JSPL & CEO, Global Business at Jindal Steel & Power Limited (JSPL)
prior to which in 2008 he was Director - Finance at Oswal Chemicals & Fertilizers Ltd. Mr. Bhatia has had
successful leadership stints in organizations of repute like Dalmia Cement (Bharat) Limited, DCM Shriram
Industries Ltd. (DCM Group), Starcon India Ltd. and Reliance Industries Ltd.
As Global CFO of Uflex, Mr. Bhatia is responsible for developing strategic financial policies for the Group;
managing & streamlining capital structure; economic forecasting; overall supervision of financial
management, taxation, corporate governance & regulatory compliances; risk assessment & mitigation
across all business verticals of the Group globally. He spearheads Investor Relations, Corporate
Communications and Corporate Social Responsibility among other pertinent functions of the Group.
40
 Amitava Ray – Executive Director
Mr. Amitava Ray is an Honours Graduate in Economics & Mathematics from Presidency College Kolkata and
PGDM from Kolkata University. He has been associated with Uflex Group for over 14 years now. He has
served at Uflex Limited as President & Chief Executive Officer of Flexible Packaging Business since June
2001 until January 2016. In this role he led the Company’s Flexible Packaging Business, driving its growth
strategy in Domestic and Exports markets with particular emphasis on globalization, innovation and industry
leadership.
Prior to Uflex, he has held the positions of Managing Director & CEO at India Foils Limited. Mr. Ray has also
served as Executive Director of Bata India Limited and President of Indian Aluminium Company. His illustrious
career spans over 49 years. At Uflex, he had been responsible for the overall management of Packaging and
Allied Businesses of the Company including development of new and innovative packaging products that
added immense value to the business of customers and the Company.

 Anantshree Chaturvedi – Vice Chairman & CEO, Flex Films International

Mr. Anantshree Chaturvedi holds a graduate degree from Babson College with a triple major in Finance,
Global Strategic Management and Economics. He learned the trade of flexible packaging both domestically
and internationally with hands-on experience as a trainee and apprentice in India, Mexico, Poland, Egypt, UAE
and the USA and subsequently spearheaded the expansion of Uflex in the United States of America.
He is currently serving as Vice Chairman Flex Films and holds the charge of NAFTA region for the films’
business. Mr. Anantshree Chaturvedi brings with him a vast array of experience right from his first job at the
age of 15 as an intern and assistant to the Late US senator Edward M. Kennedy followed by stints at
DreamWorks, TJ Maxx, Accenture, Mubadala and his own Venture Capital firm that he cofounded while at
college. Mr. Chaturvedi is additionally vested with the responsibility of Global Product Stability, R&D and HR
41
Protocols and also dons the hat of Chief Cultural Officer at Uflex and its sister concerns.
 Ashwani Sharma – President - New Business Initiatives
Mr. Ashwani Sharma, an MBA and graduate in Math and Chemistry has been driving large organizations
globally with rich experience of 24 years.
His last assignment was with Asia Pulp & Paper - a 25 Billion USD Company based out of Jakarta, where he
served as the Managing Director. He has had enriching global exposure as he was based in Europe as
CEO & Chairman of the Board of Horizon Pulp & Paper. He was Business Head, North and South region at
APP, USA. He also served as CEO & Senior President at Century Pulp & Paper (BK Birla Group, India) and
Ballarpur Industries, India.
At Uflex his responsibilities primarily involve steering the Big Bags & Tube verticals and the forthcoming
project of Liquid Packaging among the new business initiatives.

 Anup Kansal – President – Flexible Packaging Business

Mr. Anup Kansal is an Engineering Graduate from University of Roorkee (now IIT Roorkee) and an MBA
from IIM Bangalore. He has enriching experience of 29 Years with companies like Ballarpur Industries,
Saint Gobain, Huber Chemicals & JK Corp where he handled challenging leadership assignments.
His last assignment was with Ballarpur Industries as Chief Executive Officer. At Uflex he is responsible for
the Packaging Business.

42
 P. L. Sirsamkar – President Technical & New Product Development (Films Business)
Mr. P.L. Sirsamkar is Instrumentation and Electronics Engineer associated and has been with the Group for
over 18 years now.
Prior to Uflex, he worked with several reputed organizations like Garware & Polyplex. He has rich
cumulative experience of over 38 years. Mr. Sirsamkar has been actively involved in setting-up all the
packaging films projects at Uflex and subsequently steering successful operations & development of value
added packaging films.

 Chandan Chattaraj – President – Human Resources (India & Global)

Mr. Chandan Chattaraj is a Post graduate in Industrial Relationship & Personnel Management from XISS,
Ranchi.
Prior to Uflex, he worked with several reputed organizations like Aircel & The Oberoi Group. Mr. Chattaraj
has enriching 31 years experience particularly in the field of Human Resources.
At Uflex, he is responsible for Human Resources (India & Global).

43
 Ajay Tandon – President - Engineering & New Product Development
Mr. Ajay Tandon is a Mechanical Engineer by profession and has been associated with the Group for over
15 years. He has rich & rewarding experience of over 40 years particularly in the field of Materials
Management, Production, Engineering and Chemicals.

Prior to Uflex, Mr. Tandon has worked with reputed organizations like Philips, JVC-ONIDA, Paradise Plastics
Limited. At Uflex, he is responsible for Engineering and New Product Development.

 Dinesh Jain – President - Legal & Corporate Affairs

Mr. Dinesh Jain is a Post Graduate in Management and Law (Gold Medalist) from Agra University.
He has been associated with the Group for over 27 years and his total experience spans over 39 years.
Mr. Jain is a member of All India Management Association, Ghaziabad. He is member of managing
committees of several educational institutions and social organizations.
At Uflex, he is responsible for Legal and Corporate Affairs of the Group.

44
 P.K. Agarwal – Jt. President - Cylinder Business
Mr. P.K. Agarwal is Post Graduate in Chemistry and has been associated with the Group since 1986.
He has enriching experience of over 36 years in the field of production and operations. At Uflex he is vested
with the responsibility of overall management of the cylinder business both domestic as well as international.

 Rajesh Bhasin – Jt. President – Chemicals Business

Mr. Rajesh Bhasin has rich experience of 32 years of handling challenging and complex Marketing
assignments. Prior to Uflex, Mr. Bhasin has 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.
At Uflex, he is responsible for the Chemicals Business.

45
 G.P. Pathak – Vice President – Operations & New Product Development (Holography Business)
Mr. G.P. Pathak is a Post Graduate in Science with 32 years of invaluable experience.
He has been associated with the Group for the last 13 years. He is the Founding Member of Uflex
Holography Business and has been managing its operations.

46
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

47
Key Financials- Consolidated
UFLEX LIMITED

(INR in MN)
2015-16 2016-17 2017-18
- Total revenues
- Domestic 29529 30397 33337
Less Captive (Plastic Film) (2107) (2812) (2670)
- International 31919 31415 33868
61448 61812 67205
- EBITDA 8412 8989 9026
- Net Profit 3128 3485 3105
- Cash Accruals 6149 6561 6606

- Gross Block 54975 61243 64259

- Net worth 33476 36441 39796
- Total debt 21679 21178 21099
- Total Debt : Equity (times) 0.65 0.58 0.53

(USD in MN)
2015-16 2016-17 2017-18
- Total revenues
- Domestic 449 469 513
- International 485 485 521
934 953 1033
- EBITDA 128 139 139
- Net Profit 48 54 48
- Cash Accruals 93 101 102

- Gross Block 835 945 988

- Net worth 509 562 612
- Total debt 329 327 324
- Total Debt : Equity (times) 0.65 0.58 0.53

Exchange Rate (INR / USD) 65.82 64.84 65.04

48
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

49
CSR Initiatives

Environmental Sustainability: Uflex has rolled out ‘Natural resource

conservation and optimization initiatives’ in partnership with
Fiinovation- a technical research based consulting organization and
AROH Foundation & Bal Mahila Vikas Samiti – grassroots level NGOs.

Mission of the intervention: To build the capacity of the community in

three identified villages of Gautam Buddha Nagar District and one village
in Bhind District near Malanpur in an endeavour to conserve and optimize
the natural resource base through rain water harvesting and focused
plantation drive.

50
Agenda

1. Company Overview

2. Vision, Mission & Values

3. Corporate Goals & Strategies

4. Industry Structure & Developments

5. Proven Business Strategy & Key Growth Drivers

6. Major Product Innovations

7. Governance and Key Management Team

8. Key Financials

9. CSR Initiatives

10. Recent Awards/ Accolades

51
Recent Awards/ Accolades
 FROST & SULLIVAN SAFETY EXCELLENCE AND TERI SUSTAINABILITY 4.0 AWARDS, 2018 to Uflex Chemicals (June 2018)
 Golden Cylinder Award by Gravure Association of the Americas for Haldiram’s Classic Salted Pack (Notified in June 2018; Award
Ceremony on 10/10/2018)
 India Green Manufacturing Challenge Award 2017 (Bronze) to Uflex Chemicals (April 2018)
 2018 AIMCAL Product Excellence Award to Shudh Plus Ultra - Sparkling Tactile Sachet with 3D Embossing for Mouth Freshener
(March 2018)
 2018 AIMCAL Technical Excellence Award to Shudh Plus Ultra - Sparkling Tactile Sachet with 3D Embossing for Mouth Freshener
(March 2018)
 Flexible Packaging Achievement Awards 2018 – Gold in Technical Innovation and Silver in Printing and Shelf Impact to Shudh Plus
Ultra - Sparkling Tactile Sachet with 3D Embossing for Mouth Freshener (March 2018)
 Flexible Packaging Achievement Award 2018 – Silver in Sustainability to Nescafe Sunrise Non Foil Instant Coffee Sachet (March
2018)
 Economic Times Polymers Lifetime Achievement Award to Chairman & Managing Director of Uflex Limited, Mr. Ashok Chaturvedi
(March 2018)
 INNOV ENVIRONMENT & OHS AWARDS 2017 in ‘Silver & Gold’ Categories to Chemicals, Jammu (January 2018)
 Greentech Safety Gold Award to Chemicals, Jammu (January 2018)
 5 World Star Packaging Excellence Awards (December 2017)
 5 IFCA Awards for Excellence in Packaging (October 2017)
 5 India Star Packaging Excellence Awards by Indian Institute of Packaging (September 2017)
 5 SIES School of Packaging Star Awards for Superior Functional Flexible Packaging (September 2017)
 CII National Award for Excellence in Water Management 2017 to Chemicals Business (September 2017)
 Bureaucracy Today CSR Excellence Award 2017 for Environmental Sustainability Intervention Conservation of Natural Resources
and Optimization of Ecosystem (August 2017)

52
Recent Awards/ Accolades (Contd.)
 Best L&D Team of the Year; TISS Leapvault CLO Award 2017 (August 2017)
 Asia’s Most Promising Brand in Packaging Sector by World Consulting & Research Corporation (August 2017)
 Grow Care India Occupational Health & Safety Award 2017 (Gold) to Uflex Chemicals Business (August 2017)
 Uflex Website (Blogsite) ranked 26th in the Top 100 Packaging Blog Sites in the World by Feed Spot (May 2017)
 AIMCAL Marketing Excellence Award for 3D STC Zipper Bag with a Side Gusset Handle (manufactured for Samaa Basmati Rice)
(April 2017)
 Asia’s Most Trusted Flexible Packaging Solution Company Award 2016 by International Brand Consulting Corporation, USA (April
2017)
 EXCEED Environment Award 2017 (Gold) to Uflex Chemicals (March 2017)
 Gold Flexible Packaging Achievement Award for Extending the Use of Flexible Packaging to Waterless Internet Flower Packaging
by Flexible Packaging Association (March 2017)

 Silver Flexible Packaging Achievement Award for Packaging Excellence to Waterless Internet Flower Packaging by Flexible
Packaging Association (March 2017)

 Silver Flexible Packaging Achievement Award for Sustainability to Waterless Internet Flower Packaging by Flexible Packaging
Association (March 2017)
 Best Environment Friendly Project to Uflex Limited’s intervention “Natural Resource Conservation & Optimization of Ecosystem
Services” - ABP News CSR Leadership Awards 2017 (February 2017)
 Best Corporate Social Responsibility Initiative in Sport to Uflex Limited’s social sustainability initiative ‘Sports for Growth’ - ABP
News CSR Leadership Awards 2017. (February 2017)

53
 THANK YOU

To know more, please visit us at www.uflexltd.com