UFlex Limited

India's Largest Multinational in Flexible Packaging Materials & Solutions and a

Global Polymer Science Company

Corporate Presentation - November 2021

Index
Corporate Presentation

Agenda Page No.

1. Company Overview 3 - 19

2. Vision, Mission & Values 20

3. Corporate Goals & Strategies 21

4. Industry Structure & Developments 22-24

5. Proven Business Strategy & Key Growth Drivers 25

6. Major Product Innovations 26-27

7. Governance and Key Management Team 28-31

8. Key Financials 32

9. Sustainability at UFlex 33-36

10. Awards & Accolades 37-38

2
Company Overview
UFlex at a Glance

 The largest flexible packaging company in India and one of the global leader in in polymer sciences.
 Founded in 1985 by Mr. Ashok Chaturvedi, a first generation entrepreneur marking a great story of entrepreneurship, perseverance,
operational excellence, belief and a proven track record of success.
 Fully integrated to have presence across all verticals of flexible packaging value chain. Primary business of the group is flexible packaging films
and packaging films and integrated within its core business profile are allied businesses like Engineering, Cylinders, Holography and Chemicals
which gives UFlex a superior edge above competition.
 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.
 World class manufacturing facilities of packaging films in India, UAE, Mexico, Egypt, Poland, USA, Russia, Hungary & Nigeria (Cumulative
Capacity – 5,10,000 TPA) and of packaging products at multiple locations in India (Current Capacity – 1,35,000 TPA).
 Facilities accredited by ISO/BRC/HACCP/Intertek/FDA/DNV-GL/NABL/TÜV Rhineland.
 Large array of packaging products in terms of size and types of goods they can pack, touching people’s lives every day, everywhere.
 Focus on innovation, new product development and faster reach to the customers.
 Strong global sales and distribution network with customers in over 150 countries.
 Clientele includes P&G, PepsiCo, Mondelez, Nestle, Britannia, Haldiram’s, Amul, GSK, Coca-Cola, Mars Wrigley, Amcor, ITC among several
others.
 Highly experienced leadership and management team with long association. A multi-cultural company with over 8,900 trained and skilled
persons globally.
 Board comprises of 7 Directors which includes 4 independent, 1 Whole Time Director, 1 Nominee from Financial Institution. Only 1 Director
from Promoter Group.
 India Ratings and Research (Ind-Ra) has upgraded the credit rating of UFlex by two notches to ‘IND AA-’ with a stable outlook reflecting the
improvement in overall business profile of the company and Crisil has also upgraded UFlex' long term debt credit rating to 'A+' from 'A' with a
stable outlook.
 FY2021 achieved Consolidated Total Revenue of INR 89149 MLN (USD 1213 MLN); EBITDA of INR 18270 MLN (USD 249 MLN); Net Profit of
INR 8429 MLN (USD 115 MLN).

3
Company Overview
Characteristics of Flexible Packaging & Solutions

Characteristics of Flexible Packaging:

1. Preserve / Protect / Promote products – Barrier Properties/ Better Aesthetics

2. Lower energy use at all levels of Production/ Transportation/ Disposal

3. Lighter weight with reduction at source

4. Less storage space

5. Ease of transportation & convenience of handling

6. Recyclable / Re-processable – Eco friendly

7. 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.

8. Cost effective compared to Rigid Packaging

Flexible Packaging Solutions We Offer For:

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

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

3. Liquid Products (65 ml to 1000 ml)

4
Company Overview
Business Presence Throughout the Packaging Value Chain

5
Company Overview
Packaging Films 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 - 58,000; Dubai - 22,000; Mexico - 60,000; Egypt - 30,000; Poland - 75,000; USA -
30,000; Russia - 30,000 & Nigeria - 45,000 (3,50,000 TPA)

Brand: FLEXPET

Properties: Strong Moisture Barrier, Highly Cost Effective, Functionally Efficient

Application: Food Products Packaging (confectionery, biscuits, bakery, pasta etc.), Cigarette Cartons
Wrapping, Bags for Readymade Garments, Adhesive Tapes & Print Lamination
BOPP Films
Capacity (TPA): India - 30,000; Hungary - 42,000 & Egypt - 77,000 (1,49,000 TPA)

Brand : FLEXOPP

Properties: Highly Dynamic & Versatile Films with High Gloss, Greater Transparency, Better Heat Salability,
Good Twisting Property & Better Tear Strength

Application: Retort Packing, Food Wraps, Anti Wraps, Anti Fog, Garments Bag, Deep Freeze Applications etc.
CPP Films
Capacity (TPA): India - 4,000 & Egypt - 7,000 (11,000 TPA)

Brand: FLEXCPP

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Company Overview
Packaging Films Business

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

Metalized Films Application: Snack food packaging, Biscuits & other Bakery products, Packaging of PET food etc.

Capacity (TPA): India – 40,000; UAE – 5,400; Mexico - 10,800; Egypt – 72,000; Poland - 30,000 ; USA – 7,500
; Russia - 8,000, Hungary – 24,000 & Nigeria – 15,000 (2,12,700 TPA)

Brand: FLEXMETPROTECT

Properties: AlOx coating is the application of a thin and highly transparent coating of aluminum oxide on
packaging films that gives the materials extremely high moisture and gas barrier properties that rival those
of aluminum foils and metalized Films. It is the only truly high-barrier flexible packaging material available
that is transparent and allows the packaged product to be clearly visible.

AlOx Coated Films Application: dried meat, snacks, confectionery, microwavable foods, Sterilization , fresh food, dried food,
confectionery, pharmaceutical, personal care, microwavable, retort convenience food etc.

Capacity (TPA): Mexico – 7,000 & Egypt – 4,000 (11,000 TPA)

Brand: FLEXALOXPROTECT

Properties: PCR films technology is a family of plain, treated, coated, high barrier and heat-sealable BOPET
films based on upto 100% post-consumer waste recycled (PCR) PET Resin.
PCR Films
Application: Labels & Packaging.

Brand: Asclepius™
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Company Overview
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 Co-Polymer, Ionomer, Saran Coating,
Security Holograms

Pre-Formed Pouches: Stand-up/Centre-sealed, Three Side Sealed, Gusset Pouches and Bags; Re-
Flexible Laminates, closable Zipper and Slider Pouches (for powders and granules); Re-closable Cap and Pouring Spout
Pouches, Bags, Flexi - Pouches (for liquids); Carry bags, Gift and Promotional Bags, Big Pouches & Bags, Flexi Tubes, Aseptic
Tubes & Liquid Packs Liquid Packs etc.

Personal Protective Solutions: Six-layered N95 Masks and dual purpose sanitizer ‘FLEXGUARD-I’

Capacity (TPA): 1,35,000

Capacity for Aseptic Liquid Packs: 3.5 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
Holography Surface Printing, Stamping Foil, Spot Holograms, Fresnel lens etc.

Capacity (TPA): India –18,000

8
Company Overview
Flexible Packaging Business

Products:

 llOT enabled Converting Machines: Extrusion Coating & Lamination Machine ‘EX LAM 400’
designed with high-line speed of 400 mpm; Solvent less Laminator Machine ‘Super S-1300’; and
Gearless CI Flexo Printing Press ‘Elisa’ with high automation level making UFlex the first ever Indian
company to offer it.
 Form Fill & Seal Machines: Range spread over single, twin, multi-track on a technological platform of
Packaging ,
servo motors & drives.
Converting and
 High Speed Pouch Making Machines: Tailor made for 3D, Stand-up, Centre Seal, Slider Zipper Pouch
Recycling Machines
technology.
 Converting & Wrapping Machines: Rotogravure and Flexo Printing, Lamination, Slitting, Inspection,
Holographic Machine and for Round & Rectangular Objects like Biscuits, Soaps, Cassettes, IV Bottles.
 Special Purpose Machines: Vacuum Brick Pack Machines, Pick Fill & Seal Machines.
 Recycling Machines: ReLam -250.

Capacity (Nos): 500 machines per year

Reach: Accepted in > 35 countries

Products: Inks & Adhesives / Rotogravure Cylinders & Metallic Dies

Applications: Inks – used for printing on a substrate (film) and then dried
Allied Materials Adhesives – applied on multiple application roll that applies the adhesives to Substrate (film)

Capacity: Inks & Adhesive - 62,000 TPA and Rotogravure Cylinders - 108,000 Cylinders/Years.
9
Company Overview
Group Companies Structure

UFlex LIMITED

Overseas Businesses Indian Businesses

UFlex Packaging Inc. UFlex Europe Limited  Packaging Films

Sub.: 100% | Loc.: USA Sub.: 100% | Loc.: UK  Packaging
 Chemicals
Flex Middle East FZE Flex Chemicals (P) Ltd. LLC Sub.:  Engineering Noida
Sub.:100% | Loc.: UAE 100% | Loc.: Russia  Cylinders
 Holography
Digicyl Pte. Limited
40.83% 59.17%
JV: 50% | Loc.: Singapore
 Packaging
Flex P. Films Egypt S.A.E Sub.: UPET Holdings Limited  Cylinders
100% | Loc.: Egypt Sub.: 100% | Loc.: Mauritius Jammu
 Chemicals
Digicyl Limited
Sub.: 100% | Loc.: Israel  Holography
Flex Films (USA) Inc.
Sub.: 100% | Loc.: USA UPET (Singapore) PTE. Ltd.
Sub.:100% | Loc.: Singapore  Aseptic Liquid
Flex Films Africa Pvt. Ltd. Packaging Sanand
Sub.: 100% | Loc.: Nigeria
Flex Americas S.A. de C.V. Sub.:
Flex Films Rus LLC 100% | Loc.: Mexico
Sub.: 100% | Loc.: Russia

Flex Films Europa Sp. Zo.o. USC Holograms Pvt. Ltd.

Sub.: 100% | Loc.: Poland Sub.: 68% | Loc.: India
Flex Films Europa KFT
Sub.: 100% | Loc.: Hungary
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Company Overview
Packaging Manufacturing Facilities & Services

INDIA'S LARGEST MULTINATIONAL IN FLEXIBLE PACKAGING MATERIALS & SOLUTIONS AND A

GLOBAL POLYMER SCIENCE COMPANY
UFlex has over thirty years of experience in polymer technology. Setting milestones of success
and innovation, UFlex is known for manufacturing and supplying products, delivering customized
flexible packaging solutions and services across the globe to become an inextricable part of
customers’ life.
Flexible Packaging: Flexible Packaging Laminates | Pre-fabricated Pouches | FlexiTubes |
Pharmaceutical Packaging | FlexFresh™ Modified Atmospheric Packaging | Big Bags | N-95 Masks

Packaging Films: BOPET Films | BOPP Films | CPP Films | Metalized Films | Alox Coated Films |
Asclepius™ PCR Films | Speciality Films | Polyester Chips

Engineering: Packaging Machines | Converting Machines | Recycling Machines | Specialty Product

Machines

Aseptic Liquid Packaging: Brick Packs | Pillow Packs | Trio Packs | Holography Packs | Embossing
Packs | Lens Effects Packs | Foil Stamping Packs | Aseptic Liquid Filling Line

Chemicals: Printing Inks | Ink Binders | Laminating Adhesives & Coatings | Specialty Chemicals as
Polyols

Cylinders: Electromechanical Engraved Printing Rotogravure Cylinders | Embossing Rotogravure

Cylinders | Robotic Laser Engraved Rotogravure Cylinders | Specialised Rotogravure Cylinders |
Flexo Polymer Printing Plates | Flexo Elastomer Sleeves

Holography: Holograms | Security Documents| Holographic Aluminium Lidding Foil | Holographic

PVC Blister | Holographic Films | Holographic Thermal Films | Paper & Board Transfer | Hot
Stamping Foils | Sequins Films | Glitter Films | Hot Melt Foil Films

UFlex state-of-art manufacturing capacity for packaging products of over 135000 TPA with plants located in Noida, Jammu & Sanand.
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Company Overview
Packaging Films Manufacturing Facilities & Capacity

India UAE
 Plant Located in Noida, Uttar Pradesh  Plant Located in Jebel Ali Free Zone, Dubai

 BOPET Films: Three 6.7 meter wide Biaxially Oriented Polyethylene  BOPET Films: One 6.7 meter wide Biaxially Oriented Polyethylene
Terephthalate (BOPET) Film Lines with a cumulative manufacturing Terephthalate (BOPET) Film Line with a capacity of 22,000 TPA
capacity of 58,000 TPA
 Metalized Films: One 2.5 meter wide plasma enhanced state-of-
 BOPP Films: Two 6.7 meter wide Biaxially Oriented Polypropylene the-art high-barrier metallizer with a capacity of 5,400 TPA
(BOPP) Film Lines with a combined capacity of 30,000 TPA

 CPP Films: One 2.45 meter wide Cast Polypropylene (CPP) Film Line
with production capacity of 4,000 TPA

 Metalized Films: Six 2.5 meter wide plasma enhanced high-barrier

metallizers with a cumulative capacity of 40,000 TPA

Films Business (India) state-of-art facility has an installed capacity to Flex Films (UAE) state-of-art facility has an installed capacity to
produce over 92,000 MT of BOPET/BOPP/CPP Films p. a. produce over 22,000 MT of BOPET Films per annum

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Company Overview
Packaging Films Manufacturing Facilities & Capacity

MEXICO EGYPT
 Plant Located in Industrial Altamira, Tamaulipas  Plant Located in North Extensions Of Industrial
Zones, 6th October City
 BOPET Films: Two 8.7 meter wide Biaxially Oriented Polyethylene
Terephthalate (BOPET) Film Lines with a cumulative capacity of
 BOPP Films: One 10.4 & One 8.7 meter wide Biaxially Oriented
60,000 TPA. High Barrier, High Bond, Heat Seal Specialized Films
Polypropylene (BOPP) Film Lines with a production capacity of
and ‘Asclepius’ 90% Post Consumer Recycle (PCR) Sustainable
77,000 TPA.
Films.
 BOPET Films: One 8.7 meter wide Biaxially Oriented Polyethylene
 Metalized Films: Two 2.45 meter wide plasma enhanced
Terephthalate (BOPET) Film Line with a capacity of 30,000 TPA.
advanced high-barrier metallizers with a combined production
capacity of 10,800 TPA.
 CPP Films: One 3 meter wide Cast Polypropylene (CPP) Film Line
with a capacity of 7,000 TPA.
 AlOx Coated Films: One 1.25 & One 1.6 meter wide Alox Coater
with a cumulative capacity of 7,000 TPA.
 Metalized Films: Ten normal & high plasma enhanced advanced
metallizers with a cumulative capacity of 72,000 TPA .

 AlOx Coated Films: One Alox Coater with a capacity of 4,000 TPA.

Flex Films (Mexico) state-of-art facility has an installed capacity to Flex Films (Egypt) state-of-art facility has an installed capacity to
produce over 60,000 MT of BOPET Films per annum produce over 1,14,000 MT of BOPET/BOPP/CPP Films p.a.

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Company Overview
Packaging Films Manufacturing Facilities & Capacity

POLAND USA
 Plant Located in Sikorskiego, Września  Plant Located in Elizabethtown, Kentucky
 BOPET Films: One 10.4 & One 8.7 meter wide Biaxially Oriented  BOPET Films: One 8.7 meter wide Biaxially Oriented Polyethylene
Polyethylene Terephthalate (BOPET) Film Line with a cumulative Terephthalate (BOPET) Film Line with a capacity of 30,000 TPA.
capacity of 75,000 TPA. High Barrier, High Bond, Heat Seal Specialized Films and ‘Asclepius’
90% Post Consumer Recycle (PCR) Sustainable Films.
 Metalized Films: Four 2.85 meter wide plasma enhanced cutting
edge high-barrier metallizers with a cumulative capacity of 30,000  Metalized Films: One 2.85 meter wide plasma enhanced high-
TPA barrier metallizer with a capacity of 7,500 TPA.

Flex Films (Poland) state-of-art facility has an installed capacity to Flex Films (USA) state-of-art facility has an installed capacity to
produce over 75,000 MT of BOPET film p.a. produce over 30,000 MT of BOPET film p.a.
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Company Overview
Packaging Films Manufacturing Facilities & Capacity

Russia Hungary
 Plant Located in Stupino, Moscow Region  Plant Located in Rétság, Ipari Park - 7

 BOPET Films: One 8.7 meter wide Biaxially Oriented Polyethylene  BOPP Films: One 10.4 meter wide Biaxially Oriented Polypropylene
Terephthalate (BOPET) Film Line with a capacity of 30,000 TPA. (BOPP) Film Lines with a production capacity of 42,000 TPA

 Metalized Films: One 2.5 meter wide plasma enhanced avant-  Metalized Films: One 2.5 meter wide plasma enhanced avant-garde
garde metallizer with a capacity of 8,000 TPA. metallizer with a capacity of 24,000 TPA.

Flex Films (Russia) state-of-art facility has an installed capacity to Flex Films (Hungary) state-of-art facility has an installed capacity to
produce over 30,000 MT of BOPET film p.a. produce over 42,000 MT of BOPP film p.a.
15
Company Overview
Packaging Films Manufacturing Facilities & Capacity

Nigeria
 Plant Located in Ikenne, Ogun State
 BOPET Films: One first-of-its-kind 10.6 meter wide Biaxially
Oriented Polyethylene Terephthalate (BOPET) Film Line with a
capacity of 45,000 TPA.

 Metalized Films: Two 2.5 meter wide plasma enhanced avant-

garde metallizer with a capacity of 15,000 TPA.

Flex Films (Nigeria) state-of-art facility has an installed capacity to

produce over 45,000 MT of BOPET film p.a.
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Company Overview
Plant Capacities

Products India Dubai Mexico Egypt Poland USA Russia Hungary Nigeria Total

(A) Main Products

 Flexible Packaging (TPA)

100,000 1,00,000
(Tubes/Laminates/Pouches/Big Bags)

 Liquid Packaging (Million Packs) 3,500 3,500

 BOPET Films (TPA) 58,000 22,000 60,000 30,000 75,000 30,000 30,000 45,000 3,50,000

 BOPP Films (TPA) ( Packaging Films) 30,000 77,000 42,000 1,49,000

 CPP Films (TPA) 4,000 7,000 11,000

92,000 22,000 60,000 1,14,000 75,000 30,000 30,000 42,000 45,000 5,10,000

(B) Intermediary Products

 AlOx Coated Films (TPA) 7,000 4,000 11,000

 Metalized Films (TPA) 40,000 5,400 10,800 72,000 30,000 7,500 8,000 24,000 15,000 2,12,700

 Holography (TPA) 18,000 18,000

 Inks & Adhesives (TPA) 62,000 62,000

 Rotogravure Cylinders (Nos) 108,000 108,000

 Packaging & Converting Machines (Nos) 500 500

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 Company Overview
Facilities & Strong Presence at Strategic Locations

Kentucky, USA (Packaging Films) Września, Poland (Packaging Films) Stupino, Russia (Packaging Films)

Rétság, Hungary (Packaging Films)

Jammu, India (Flexible Packaging)

Altamira, Mexico (Packaging Films)

Ogun State, Nigeria (Packaging Films)

Jebel Ali Free Zone Dubai, UAE

(Packaging Films)

6th October City, Egypt (Packaging Films)

Sanand, India (Aseptic Liquid Packaging) Noida, India (Packaging Films & Flexible Packaging)

Manufacturing Facilities Agents / Distributors Direct Presence

18
Company Overview
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

19
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.”

 VALUES
 Trust & Respect

 Customer Value Creation

 Innovation

 Global Perspective

 Speed In All Directions

 Socio-Environmental Sustainability

20
Corporate Goals & Strategies

 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

 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

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Industry Structure & Developments
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 plastic,
• Constitutes glass bottles, metal cans,
paper and aluminum foils in rolls or preformed
aerosol cans, battery cell cans,
sachet.
aluminum collapsible tubes, corrugated
boxes etc. • Provide strength, moisture resistance, aroma
retention, gloss, grease resistance, heat retention,
printability, low odor and better brand positioning

Industry Structure set to change

• With urbanization 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.

Source:
• https://www.nichrome.com/packaging-insights/volume-1/flexible-packaging-in-modern-india.php
• https://www.ibef.org/download/Flexible_Packaging060112.pdf
22
Industry Structure & Developments
Raw Materials for Packaging Films & Packaging Solutions

The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a CAGR of
4.5%. This segment has witnessed high growth primarily because of the increasing demand for food, beverage, and pharmaceutical products
worldwide, especially during the COVID-19 pandemic.

Flexible Packaging Products BOPET Films BOPP Films

- Amcor - Sonoco - Toray - Dupont Teijin - Jindal - Taghleef Ind.

- Print pack - Winpack - UFlex - Tianjin Wanhua - Tian An HK - Treofan

- Constantia - Huhtamaki - Mitisubishi - Polyplex - Jiangsu - Vifan

Major Players - Coveris - Mondi - Jiangsu - SKC Inc. -Cosmo - UFlex

Worldwide - Tuboplast - Neopac -Taghleef Ind. - Fuwei Films - Borealis AG - Dow Chemicals

- Montebello - AEP -JBF Group - Arkema S.A - SABIC

- UFlex - Berry Plastics

Global Market Size (Flexible Packaging) : USD 200.5 bn

Flexible Packaging Products BOPET Films BOPP Films

- UFlex - Jindal - UFlex - Jindal

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

Indian Market Size (Flexible Packaging) : USD 43.7 bn

Source:
•https://www.globenewswire.com/news-release/2020/10/28/2116155/0/en/The-global-flexible-plastic-packaging-market-size-is-projected-to-grow-from-USD-160-8-billion-in-2020-to-USD-200-5-
billion-by-2025-at-a-Compound-Annual-Growth-Rate-CAGR-of-4-5.html:
•https://www.nichrome.com/packaging-insights/volume-1/flexible-packaging-in-modern-india.php
23
Industry Structure & Developments
Raw Materials for Packaging Films & Packaging Solutions

PTA + MEG  Used as raw material for manufacturing of polyester films,

polyester yarn and PET bottles after intermediary poly
condensation process

 Used as raw material in the production of polypropylene films

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

 Used as raw material in the production of poly films

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

Inks and Adhesives  Rotogravure inks and adhesives are used in the printing &
lamination process respectively

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

Foils/ Paper/ packaging products.
Solvents etc.

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Proven Business Strategy & Key Growth Drivers
Distinct Features

 Provides complete flexible packaging solution i.e. Packaging Design,

Packaging Structure, Packaging Products , Color Scheme, and
Integration Equipment's
 Flexibility in innovation & product development

 Large capacities built up at strategic locations around the world

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

 Efficient commissioning of the project in shortest time with lowest

Technical
capital cost
Competence & Expertise
(Soft Skills)  Efficient operation of the plants with higher productivity

 Innovative packaging concepts with & without IPRS/ providing higher

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

 Entails relatively higher margin than standard products.

Strong Sales & Distribution  Large S & D network on global basis

Network  Entails diversified & valuable customers with global business potential

 Improves global reach

Global Expansion Strategy  Better service to customers

 Advantages of competitive

Strong Leadership &

 Experienced & long association
Management Team
25
Major Product Innovations

Some of the recent updates of product innovation and launches:  Chemicals Business of UFlex assessed for ISO 31000:2018 Risk Management
System
 India Patent for New Process to Derive Epoxy Ester Resin
 UV LED Sheetfed Inks FlexGreen that Assures Energy Efficiency
 Developed Six-layered N95 Mask to Prevent COVID Spread
 New Adhesive for High Speed Lamination machines & Water-based Inks for
 4D Bag, a Brick Shaped all Panel Registered Bag with Handle and Re-
Various Kinds of Packaging
closable Option
Packaging Film:
 Flexseal HSL-WBHS 18, a Heat Seal Lacquer & UV LED Inks Records Sizable
Spike in Sales  PCR Asclepius Film
 Collar Type Form Fill & Seal Packaging with Higher Productivity &  Green PET & rPET Film
Improvised Vertical Form Fill & Seal Machine
 Direct Emboss able PET Film
 New Pick Fill Seal Machine with 8 Stations for Packing Bigger Pouches
 Antistatic Twistable PET Film
 Converting Machine for Big Bags
 Special Heat-sealable & Liquid Packaging PET Film
 Developed Satellite Thermal Radiation Insulation Film for Indian Space
 Extrusion coatable BOPP Film
Research Organization
 Retortable CPP Film
 UFlex became Indian Banks’ Association Certified Security Printer
 Universal Grade Polyester Film
 Flex Films Forayed into Online Space with the Launch of E-Commerce
Website FLEX-BuzzR  World’s First 8 micron BOPP Film
 Asepto Marked its Entry into Retail Shelves with Fresca Juice Holographic  Alox coated (High Barrier Transparent) Film
Packs
 Antimony Free Polyester Film
 New Optika Transparent Flexi-tubes, a Boon for Global Cosmetic Brands
 PET Shrink film for full body labels
 US Patent Grant to Flex Films for Breakthrough BOPET Film Used for Alu
 Hot Stamping Foil Transparent (ZNS) & Cold Foil for anti-counterfeiting
Alu Blister Pack
segment
 Swiss Ordinance Compliant Inks Developed as a New Solution for the
 AIOx coated 12.5 micron BOPET Film (F-PGX)
Pharma Industry
 12 micron metallized BOPET Film (F-SBP12M)
 Specialized Formulation that Renders Barrier Packaging for Edible Oil Re-
processable  12 micron high barrier transparent BOPET Film
 Transforms the Packaging for Rasna Fruit Powder Concentrate  Unique 23-25 micron Thermal Holographic Film BOPP/PET variants for
documents authentication and carton lamination
 A 100% Bio-degradable Premium Lens Transfer Paper Developed Using
Fresnel Lens  Melamine Free, Acrylic Coated BOPET Film
 New Solvent-less White Adhesive for Convertors, a reason to cheer  Thinnest AlOx coated Polyester Film (9.5 micron)
26
Major Product Innovations

 Direct UV Offset Printable Polyester Film Packaging Products/ Achievements:

 Super Barrier Polyester Film, FLEXPETTM F-PGB-12 (12 micron)  ESL Aseptic Flexi-Pouch Machine for packaging Milk & other beverages
 Specialized Polyester Film to replace BOPA & PVC films from Alu-Alu cold  Profile pouch with sonically sealed spout for packing liquids
formed blister laminate
 BON-2 Packaging for oil that counters ink smearing and poly-deposition
 Special HP Indigo Certified F-PDP Polyester Film for direct digital printing
without prior priming /coating  Multi-Lane Automatic Linear Pick-Fill – Seal Machine & Easy Scoop – Lock
Tight Pitcher Bags
 Special polymeric film for replacing BOPA (Nylon) substrate
 White, Good Gloss, Anti-Static Twist Wrap Polyester Film  Reflective Colour Communications System & Laser Scoring Technology for
precision incision at high web speeds
 New High Bond & Barrier Metallized Polyester Film
 Mono Extruder, Co-Extruder and Tandem Extruder variants of Extrusion
Packaging Products:
Lamination Machines
 4D Bag, a Brick Shaped all Panel Registered Bag with Handle and Re-
 Optimized Cell Structure on Roto-Cylinders through Laser engraving for 20-
closable Option
25% less ink consumption than electromechanically engraved ones
 EB Curing Standup Bags & Spot hologram product
 Brand protection solutions for secondary packaging & Anti Microbial
 Single Dose Biodegradable Sachet Packaging
 High Barrier Laminate for shampoo sachet
 Aesthetically Enhanced Reclose-able Bulk Bag with Ergonomic Easy Carry
 Water Plus Pouch for drinking water Handle comprised of proprietary polymeric composition
 Slider Zipper with Diaphragm  First Indian retortable spouted bottom gusseted stand-up pouch
 3D Bags & Eco-friendly Hologram flexi tube  Chemicals Business of UFlex becomes India’s first NABL accredited entity in
 Flex Safe Pack for Moisture Proof Bag the field of combined manufacturing of Packaging Inks and Lamination
Adhesives
 Big Bags for Pet Foods
 Launches resource optimized packaging for essential Indian Staples
 Pouches with Fresnel lenses & stamping foils etc. to protect brands from
counterfeiting and look-alikes.  Manufactures first glitter printing rotogravure cylinder in India
 Nano perforation for Rice Packaging& Pocket STC Pouches & Spout
Pouches in 3D Format
 Resource Optimized Packaging for Essential Indian Staples
 Active Modified Atmospheric Packaging (AMAP) Flex Fresh for enhancing
the shelf life of fresh fruits and vegetables and water less flower
packaging
27
Governance and Key Management Team
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

• 4 Independent Directors out of 7 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.

28
Governance and Key Management Team
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 & 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 35 years.
Mr. Ashok 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 bestowed with several accolades to his credit.
Click here for full profile

 Rajesh Bhatia, Group President (Finance & Accounts) & 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 almost 30 years in the fields of Finance, Accounts, Taxation, Administration and Commercial & Business Development. His last assignment was as CFO
& CEO – Global Business of Jindal Steel & Power Limited (JSPL).
At UFlex, his main responsibilities include formulation of financial plans & strategies; assisting in finalization of corporate plans & strategies and overall supervision
of financial management, taxation and corporate governance matters including management of Investor Relations, Corporate Communications and Information
Technology among others.

 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 &
USA; and subsequently spearheaded the expansion of UFlex in USA.
He currently serves as Vice Chairman of Flex Films and heads the overseas business. He is additionally vested with the responsibility of Global Product Stability,
R&D, HR Protocols and also dons the hat of Chief Cultural Officer at UFlex.

 Apoorvshree Chaturvedi, Director - EU Operations & Sustainability, UFlex Group

Mr. Apoorvshree Chaturvedi is the Director of European Union Operations and Head of Corporate Sustainability Actions on ESG and Growth Related Ventures at
UFlex Group. He drives worldwide strategic initiatives’ development and implementation across all business verticals of the company to create a value-based
organization across the pillars of environment, society and communities.
After beginning his journey with UFlex in 2012 as a Managerial Trainee, Apoorvshree spearheaded Marketing & Sales for European & Middle East regions at UFlex.
His deep interest for sustainability led him to spend two succeeding years in the R&D division of UFlex and focus on areas of Environmental Sustainability; Energy
Consumption & Environmental Operational Performance of Films and Packaging Businesses of the Company.
29
Governance and Key Management Team
Management Team

 Jagmohan Mongia, Whole Time Director & President, Packaging Films Business (India)
Mr. Jagmohan Mongia is responsible for the Films Business, India Operations. A Commerce graduate, Jagmohan did his diploma in Sales & Marketing from Bhartiya
Vidya Bhawan. He 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. Jagmohan has been associated with UFlex for over 25 years now.
Jagmohan brings in a strong expertise of Sales & Marketing domain and has a proven track record of business development and building strong sustainable
organizations. Under his leadership, Films Business revenue has been consistently growing along with the market share. He was appointed Whole Time Director of
the Company w.e.f. February 11, 2021.

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

Mr. Ashwani Sharma, an MBA and graduate in Math and Chemistry has been driving large organizations globally with rich experience of 28 years. India. At UFlex,
Ashwani steers the Aseptic Liquid Packaging Business of UFlex under the brand name ‘Asepto’ the first Indian manufacturer in aseptic liquid packaging.

 P. L. Sirsamkar, President - Technical & New Product Development, Packaging Films Business
Mr. P.L. Sirsamkar is Instrumentation & Electronics Engineer and has been with the Group for over 26 years. Prior to UFlex, he worked with several reputed
organizations like Garware & Polyplex. He 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 an alumnus of Xavier Institute (XISS), Ranchi and comes with three decades of rich experience with esteemed organizations like Aircel,
The Oberoi Group, Xerox India and Jubilant Organosys where he has held leadership positions. He is also a member of the Core team of World HRD Congress. At
UFlex, he is responsible for Human Resources (India & Global).

 Ajay Tandon, President - Engineering Business & New Product Development

Mr. Ajay Tandon is a Mechanical Engineer by profession and has over 42 years of extensive experience particularly in the field of Materials Management,
Production, Engineering and Chemicals. At UFlex, he is responsible for Engineering and New Product Development.

 Dinesh Jain – President - Legal & Corporate Affairs

Mr. Dinesh Jain is a MBA and LLB & LLM (Gold Medalist) from Agra University. He has a rich and rewarding experience of four decades overall out of which he has
been associated with UFlex for almost three decades. At UFlex, he is responsible for Legal & Corporate Affairs and Corporate Social Responsibility undertakings of
the Group.
30
Governance and Key Management Team
Management Team

 Rajesh Bhasin, Joint President, Chemicals Business

Mr. Rajesh Bhasin has meritorious experience of over 29 years of handling challenging and complex marketing assignments. He has held leadership positions at
Pidilite, Jubilant Organosys and Essel Propack before joining UFlex where he heads the Chemicals Business.

 Yogesh Kapur, Executive Vice President, Holography Business

Mr. Yogesh Kapur is an accomplished industry leader with 30+ years of domestic & international experience in Operations Management, Profit Centre
Management, B2B Marketing & Sales and Strategic planning in the management of both - startups & growth organizations. A BE in Electronics &
Telecommunication from NIT, Yogesh has done his Executive Development Program from Indian Institute of Management (IIM), Bangalore. In his role at UFlex,
Yogesh leads the company’s Holography Business.

 Parwez Izhar, Senior Vice President, Cylinders Business

Mr. Parwez Izhar is a BE in Electronics & Telecommunication from BIT Sindri and M. Tech from Manav Bharti University, Himachal Pradesh. A Lean 6-Sigma Black
Belt Champion, he holds a Master’s Degree in Finance, Operations and Strategy from XLRI, Jamshedpur and has done a course in Implications of Artificial
Intelligence on Business Strategy from Massachusetts Institute of Technology Sloan, USA. Parwez brings with him close to three decades of experience and leads
the Cylinders Business at UFlex.

31
Key Financials
Financial Summary

UFlex LIMITED - CONSOLIDATED

(INR in MN)
2016-17 2017-18 2018-19 2019-20 2020-21
- Total revenues
- Domestic 30397 33427 37260 36415 42023
- International 31415 33890 42488 37901 47126
61812 67317 79748 74316 89149
- EBITDA 8989 9026 10075 11089 18270
- Net Profit 3485 3105 3138 3698 8429
- Cash Accruals 6561 6606 7405 7812 14036

- Gross Block 61243 64259 68721 89400 100773

- Net worth 36441 39796 43043 46971 55566
- Total debt 21178 21099 21327 36861 40827
- Total Debt : Equity (times) 0.58 0.53 0.50 0.78 0.73

(USD in MN)
2016-17 2017-18 2018-19 2019-20 2020-21
- Total revenues
- Domestic 469 514 539 483 572
- International 485 521 614 503 641
953 1035 1153 986 1213
- EBITDA 139 139 146 147 249
- Net Profit 54 48 45 49 115
- Cash Accruals 101 102 107 104 191

- Gross Block 945 988 994 1186 1371

- Net worth 562 612 622 623 756
- Total debt 327 324 308 489 555
- Total Debt : Equity (times) 0.58 0.53 0.50 0.78 0.73

Exchange Rate (INR / USD) 64.84 65.04 69.17 75.39 73.50

32
Sustainability at UFlex

THE ULTIMATE DESTINATION SUSTAINABILITY INITIATIVES TOWARDS GREEN PACKAGING

 UFlex Group has been a trendsetter when it comes to sustainable  Ensuring 100% Recyclability of Multi-Layer Packaging with RELAM
innovation and commitment towards the ‘Circular Economy’, via its
250 recycling machine
technologies, diverse product portfolio and processes.
UFlex has developed a recycling machine RELAM 250 induced with a technology
 It is the ‘first company in the world to recycle mix plastic waste’ for
that enables recycling of multi-layer packaging and makes it possible to recover
which it earned recognition at Davos Recycle Forum in 1995, way ahead
high-quality granules, despite the presence of different layers of polymer having
of other companies from developed economies.
different characteristics. The latest technology enables recycling machine to
 UFlex’ global sustainability campaign 'Project Plastic Fix' is a four-fold converts all types of MLP waste into granules.
approach towards sustainable and eco-friendly packaging enabling to
The recycled plastic granules from MLP waste can be used in injection moulding
keep plastic in the economy and out of the environment.
applications to make flower-pots, dustbins, road dividers, door panels, paver
tiles, outdoor furniture and many other daily use items. This MLP machine has
been installed in UFlex’ Noida plant and the company has been offering
technology support and manpower training to the industry to set up similar
recycling units.

 UFlex conferred with Best Paper Award at Recycle’95 Davos Global

Forum,1995 for Recycling of Mixed Plastic Waste
33
Sustainability at UFlex
Sustainability Initiatives Towards Green Packaging

 Converting its Waste Plastic into Fuel with UFlex’ Pyrolysis Plant  Asclepius™ Green Packaging Film by UFlex to Create a Circular
UFlex commissioned its Pyrolysis Plant at its Noida facility in October 2018, Economy
earning it the distinction of first such plant in North India. Pyrolysis is a FlexFilm’s Asclepius™ film technology is a family of plain, treated, coated, high
process of chemically decomposing organic materials at elevated barrier and heat-sealable BOPET films based on upto 100% Post consumer
temperatures in the absence of oxygen. The Pyrolysis plants’ reactors can waste recycled (PCR) PET Resin. Flex Films has been offering an entire range of
convert 6 tonnes of discarded waste material that’s generated every day PCR grade film having upto 100% post-consumer recycled PET content under
from printing, unused trim, laminates, tubes and other unprocessed material the brand name Asclepius™. These PCR film derived from post-consumer PET
into three forms of fuel- liquid fuel, hydrocarbon gas and carbon black- bottle waste have the same attributes as its twin substrate made out of fossil
further utilized in manufacturing processes. Carbon black powder is cooled fuel are used and re-used for multiple applications like packaging and label
and packed into bags for further use as a solid fuel. material, creating a loop economy.This film represents a 75% reduction in
Mixture of pyrolysis oil vapour and hydrocarbon gas exits the pyrolysis carbon footprint and comes with enhanced sustainability and significantly lower
reactor and is subjected to fractional condensation to get separate fractions net energy requirement for production when compared to virgin BOPET grades
of hydrocarbon gas; pyrolysis wax; and pyrolysis oil. Hydrocarbon gas is used Asclepius™ is the only upto 100% PCR BOPET film that has received the
in pyrolysis Hot Air Generator and energy generated is fed to the pyrolysis prestigious ‘Kingfisher’ Certification from SCS Global Services. This certification
reactor for heating the plastic waste. Pyrolysis Oil or Light Distillate Oil is used corroborates to its customers and to the flexible films market, the integrity of its
as a liquid fuel in industrial boilers or Diesel Engines to produce electricity. supply chain and claims regarding PCR based film technology. Customers have
started using these films in a range of packaging and labelling applications in
order to help consumer brands achieve sustainability goals faster.

 World Star Awards 2021 by World Packaging Organisation (WPO) for PCR
based BOPET Film
 Asclepius™ AIMCAL 2019 Excellence in Sustainability for 90% Post-Consumer
Recycled-content (PCR) BOPET barrier film 34
Sustainability at UFlex
Sustainability Initiatives Towards Green Packaging

 Creating ‘wealth out of waste’ by recycling post-consumer PET Bottles and Mixed
Plastic MLP waste

1) PCR & PCPR Lines in Noida – UFlex commissioned two lines in its Noida plants in 2020
to wash and recycle Post-consumer PET Bottle & Mixed Plastic Waste Collected from
Delhi-NCR. The Post Consumer Recyclate (PCR line) converts the post consumer PET
bottle waste to form chips. These PET bottles are crushed, washed and dried up to form
chips and further upcycled to manufacture UFlex’ range of green packaging film with PCR
content Asclepius™. The PCR line in Noida has capacity to recycle PET bottle waste up to
800 tons a month.

The Post-Consumer Plastic Recyclate (PCPR) line washes and recycles post-consumer
mixed plastic MLP waste and recycles them into granules. The granules derived can be
used to form numerous industrial and household products like flower pots, outdoor
furniture, bucket, dustbins, paver tiles, road dividers etc. The PCPR line in Noida has a
capacity to recycle upto 850 tons of MLP waste in a month.

The post-consumer waste for Noida lines is sourced from NGOs, Producer
Responsibility Organizations (PRO) as well as Producers & Brand Owners directly.

2) Replicating Recycling Infrastructure in Poland & Mexico - UFlex proposes to set up a

recycling plant in Poland to reprocess post-consumer multi-layer mixed plastic waste into
granules.

These recycled granules will be further used to make molded, injection molded and
extrusion molded components. Besides replicating the Poland recycling line for post-
consumer multi-layer mixed plastic waste recycling in Mexico as well, the company will
be operating a rPET/ PCR line in the Mexican facility to reprocess post-consumer PET
bottles into recycled content polyester resins further upcycled to form Asclepius™.

The waste will be sourced in both the countries via urban local bodies.

35
Sustainability at UFlex
CSR Initiatives

 Rain Water Harvesting - As part of UFlex’s philanthropic initiatives aimed at restoration of

village ecosystem, it had supported the rejuvenation of two ponds at Village Mohbalipur,
one pond in village Nagla Shahpur and one pond in village Dayanatpur. Taking forward its
mission to conserve the ponds and keep them well maintained, UFlex has taken up -
cleaning of these ponds, recharging of its structures, digging, repairing of ponds’ fencing
and planting new trees around it- this quarter. Additional two new ponds in village
Dayanatpur in Jewar were also adopted for its revival and beautification. However we are
continuously maintaining the first four ponds i.e. two ponds in village Mohablipur, one in
village Nagla Shahpur and one in village Dayanatpur.

 Waste Management Plant - UFlex is contributing in Installation of Scientific Bio

Methanation Plant in Noida. Contributions to make Noida as best and clean city in Swatch
Bharat Mission initiated by Hon'ble Prime Minister of Inda.

 Significant Contributions /participation in Swachch Bharat Programme initiated by Noida

Authority.

 Installation of Polywell Two Bin Sets in various Sectors of Noida to make Noida Clean and
Green.

 Plantation with collaboration of UP Pollution Control Board to participate in

various initiatives by Environment, Forest and Water, Ministry of, GOI. Plantation
and maintenance of 5000 Trees and plants.

36
Awards & Accolades
Key Wins

Product Awards:
 UFlex won whopping 18 awards at IFCA STAR AWARDS 2021 for Innovation, Creativity and Best Branding via Packaging. The winners are - Non-woven block
bottom bags for Ripuraj Rice | Hot seal pinch concept WPP bags for Mahmood Rice | Value-added 3D pouch packaging for Al-Fanoos Coffee | Standee pouches
with metallized PE & matt effect for cable packaging for Hills Cab | Stand-up hot fill decoction pouches for Araku Filter Coffee | Resource efficient pouches for
Naturohabit Fresh Beauty Products and Cosmetics | Non-woven bags with high tensile strength and barrier properties for poultry feed packaging for Promois
International | 360 degree reverse printing technology for Streax Serum Shine Conditioner | Dhoop Chhao textile printing using foil | Holographic PVC - pharma
blister pack for Sumo by Alkem Laboratories | Registered lens technology with holographic labels for Sona Sikka | Security labels with registered de-
metallization | Printing security documents for Education sector; Holographic lens effect and hidden security features for Taycon Natural Potato Snacks | Hand
embossing effects with laser etched cylinders for OM Vinyls | Pyramid effect on artificial leather(PU) for OM Vinyls; Flexseal blister coating for sealing PET/PVC
Blisters & fold-over packaging applications | Asepto Foil stamping feature for Fresca Mango Juice 200ml packs.
 AIMCAL Awards 2021 'Sustainability of the Year' to F-ISB Cold Forming Metalized BOPET film for Blister Packaging | ‘Product of the Year' Winner to Non-woven
block bottom re-closable bags for rice packaging.
 Flex Films USA honoured by World Packaging Organisation (WPO) with ‘World Star Awards 2021 for PCR based BOPET Film Asclepius™ | Metallized High Barrier
BOPET Film F-HBP-M for Food Packaging | Ultra Soft Super Durable BOPET Film F-STF for Luxury Products.
 UFlex won 12 awards at SIES STAR AWARDS 2020 with highest awards won by Holography Business for Holographic PVC Pharma Blister Pack for Sumo by Alkem
Laboratories | Transparent UV HRI Holographic Film for Carton Packaging | Registered Lens Technology with Holographic Labels for Sona Sikka | Dhoop Chhao
Textile Printing Foil | Printing Security Documents for Education Sector; Chemicals Business won awards for FLEXSEAL Blister Coating for Blister Packaging |
Solvent-Free Polyurethane Adhesive With 3OH Component for Packaging | FLEXQUAPAP Water-Based Ink For Food Wrap; C-CWU High Hermetic seal Ultra low
SIT White CPP Film for Mono-material Sustainable Packaging Solutions by Films Business | High Barrier Recycling Laminate for Polly Peanotter by Flexible
Packaging Business | Asepto Tamper Proof Packaging for Wave Distillers| Cylinders for Flower Design by Hand Embossing Effect also walked away with laurels.
 AIMCAL 2020 Awards ‘Sustainability of the Year Winner’ to Recyclable PE/ PE Laminate by UFlex for Primark Wet Wipes | ‘Product Excellence’ to Flexitubes for
Clariss Organic Face wash | ‘Technical Excellence’ to Recyclable PE/ PE Laminate for Primark Wet Wipes | UFlex 4D Bags with Handle for Royal Gold & Rice King.
 Flexible Packaging Awards 2020 Silver Award in Sustainability category to Flex Asclepius™ PCR Based BOPET Films | Gold Award in Shelf Impact category to 4D
Rice Bag with Handle | Silver Award in Shelf Impact to FLEXPET™ F-STF Ultra Soft Super Durable BOPET Film.
 Flexible Packaging Awards 2020 Gold Award in ‘Packaging Excellence’ and ‘Expanding the Use of Flexible Packaging’; and Silver Award in ‘Technical Innovation’
to FlexiTubes for Bio Creative Labs, USA.
 Pharma packaging innovation Alu-Au Laminates by UFlex wins ‘Excellence in Sustainable Packaging title in ‘Solid Dosage Forms’ category at 4th Annual India
Packaging Awards 2019.
 AIMCAL 2019 Excellence in Sustainability for 90% Post-Consumer Recycled-content (PCR) BOPET barrier film | Technical Excellence to High Barrier BOPET film
PET-F-HBP-M with superior gas and oxygen barrier for Food Packaging applications | Product Excellence Award to Metalized, ultra-thin and ultra-high yield
BOPET film F-TBF-M-08 for metalized balloons.
 UFlex won Packaging Europe hosted Sustainability Awards 2018 in ‘Resource Efficiency’ category as well as ‘Best Sustainable Packaging Innovation’ for its
biodegradable, waterless flower packaging solution.
37
Awards & Accolades
Key Wins

 Dow 2018 30th Awards for Packaging Innovation adjudged UFlex’ Waterless Internet Flower Packaging as the Diamond Finalist Winner.
 Packaging Gateway Excellence Awards 2020 to Flex Films USA in the category ‘Best COVID-19 Response’ for COVID-19 Outbreak - A Clarion Call for Continuity in
Crisis | ‘Environmental Impact’ to UFlex Technology to Recycle MLP Packaging Homogeneously for Driving the Circular Economy.
 UFlex' Nine PE/PE mono-polymer Laminate Pouch won ‘The Economic Times Polymers Awards 2020’ in 'Excellence in Packaging – Large Healthcare Business'.
 UFlex ‘RELAM 250-From Scrap to Value & Environment Friendly - for Multi-layered plastics’ won SIES STAR AWARDS 2019 & IFCA STAR AWARDS 2019.
 UFlex Purina Pro Plan-Pet food bag (stand-up bag having easy open-ability) | Kurkure Shahi Twist Keen (Quad pack with Easy Open Solution) won IFCA STAR
AWARDS 2018 for its Innovations & Creativity Flexible Packaging.
 UFlex recognized for ‘Excellence in Packaging Beverages - Large Enterprises’ for Asepto Spark ‘Fresca’ at The Economic Times Polymers Awards 2019.
 2018 AIMCAL Product Excellence Award & Technical Excellence Award to Shudh Plus Ultra - Sparkling Tactile Sachet with 3D Embossing for Mouth Freshener.
 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 | Silver in Sustainability to Nescafe Sunrise Non Foil Instant Coffee Sachet.
 UFlex Cast 'n' Cure Nescafe Pack -Seal of Authenticity | Too Yumm! Pack | Paras Ghee Pack | Kasturikka Extra Long Grain Premium Basmati Rice Pack won India
Star Packaging Excellence Awards by Indian Institute of Packaging 2017 and WorldStar Awards for Packaging Excellence 2017; Keshar Kali Rice Bag also won
India Star Packaging Excellence Awards by IIP the same year.
 Flexible Packaging Achievement Award 2017 in categories ‘Sustainability’, ‘Packaging Excellence’ and ‘Extending the Use of Flexible Packaging’ to Waterless
Internet Flower Packaging.
 UFlex was conferred with the silver award at the 27th DuPont Awards for its innovative moisture proof cement bag – ‘Flex SafePack’ in 2015.
Corporate, EHS & CSR Awards:
 UFlex wins the Mahatma Award 2021 for CSR Excellence in Water Conservation & Environment
 UFlex named ‘Aon Best Employer Company’ On Employee Experience in 2019.
 UFlex recognized as The Economic Times ‘Best Food Processing and Packaging’ Brands 2018 – 2019.
 Asia's Most Trusted Company 2018 by International Brand Consulting Corporation, USA.
 Asepto, Liquid Packaging Business of UFlex has been awarded as ‘India's Most Admired Brand 2020’ by White Page International.
 UFlex Awarded by NOIDA Authority for its innovative and sustainable business practice to make NOIDA a Clean, Swachh & Sustainable city in 2021.
Leadership Awards:
 Ashok Chaturvedi, Chairman & Managing Director, UFlex conferred with the 'Inspirational India Leaders 2020' title by White Page International.
 UFlex Chairman & Managing Director Ashok Chaturvedi conferred with 'Father of Flexible Packaging' at 1st Global Conference on Plastic & Packaging 2019.
 Economic Times Polymers Lifetime Achievement Award 2018 to UFlex CMD Ashok Chaturvedi. 38
 THANK YOU

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

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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
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