Polyplex Corporation Limited — PPTs, 15-09-2025: Investor Presentation

Polyplex, a global leader in plastic film substrates, boasts a diversified product range (Thin PET 51%, Downstream 17%, BOPP 14% of FY25 revenues) and serves ~2,735 customers across 86 countries. The company consistently achieves superior gross margins and strong capacity utilization (96% in FY25 vs industry 59%), driven by its specialty-focused strategy.

Strategic focus includes increasing differentiated product (D-PAC) volumes, which saw $95 million in incremental EBITDA in FY25, and expanding into new industrial applications. The company is committed to sustainability through recycling and renewable energy. Upcoming capacity expansions include a new BOPET line in India and other projects globally, expected to drive growth and cost optimization.

A new film line in the USA is currently ramping up. Management expects the Indian PET film market to grow over 10%. While US tariffs impact margins short-term, Polyplex's local manufacturing expansion in the US is well-timed to mitigate long-term effects by catering to increased demand for domestic sourcing. The company sees significant value creation potential ahead, backed by a strong balance sheet.