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    Dongwon Kim • KB Securities

    Dongwon Kim's questions to LG Display Co Ltd (LPL) leadership

    Dongwon Kim's questions to LG Display Co Ltd (LPL) leadership • Q2 2025

    Question

    Dongwon Kim of KB Securities inquired about the specifics of the new OLED technology investment announced in June and the expected magnitude of performance improvement in the second half of 2025, considering tariff uncertainties and exchange rate volatility.

    Answer

    CFO Seong Hyun Kim explained that the KRW 1.26 trillion investment in new OLED technology is a strategic move to maintain a technological lead over competitors after exiting the LCD business. While specific details are confidential, he assured the investment is not burdensome. Kim also stated that H1 performance exceeded internal expectations, with a KRW 500 billion improvement YoY, and a similar level of improvement is anticipated in H2, reinforcing the company's commitment to achieving full-year profitability.

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    Dongwon Kim's questions to LG Display Co Ltd (LPL) leadership • Q1 2025

    Question

    Dongwon Kim asked about the potential impact of recent US tariffs on the downstream market and LG Display's strategic response. He also requested an update on the proceeds from the sale of the Guangzhou LCD TV plant.

    Answer

    CFO Kim Sung-Hyun responded that the company is monitoring set makers' strategies, as they are directly impacted by tariffs, but currently sees no critical supply chain issues or price pressures. He confirmed the Guangzhou plant sale is proceeding as disclosed, with the cash inflow expected in H1 to be used for improving financial standing and future OLED investments.

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    Dongwon Kim's questions to LG Display Co Ltd (LPL) leadership • Q3 2024

    Question

    Dongwon Kim of KB Securities inquired about the planned use of proceeds from the sale of the Guangzhou LCD TV fab and the expected impact on the company's financial metrics. He also asked for clarification on recent changes to the cash and cash equivalents balance.

    Answer

    CFO Sung-Hyun Kim explained that the Guangzhou fab sale, expected to close by Q1 2025, is structured so the final price will not decline from the disclosed amount, as it's based on end-of-2023 asset values. The final payment will be adjusted for changes in working capital and liabilities at closing. VP of Finance [King Yu] Dong added that the company aims to maintain a cash level of around KRW 2 trillion for stable operations, utilizing global cash pooling to optimize financial expenses and improve its financial structure.

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    Dongwon Kim's questions to LG Display Co Ltd (LPL) leadership • Q2 2024

    Question

    Dongwon Kim of KB Securities asked about the likelihood of achieving a turnaround to profitability in the third quarter and requested an estimate for the size of profit in the second half of the year.

    Answer

    Lim Seung Min, Senior Vice President for Corporate Planning, responded cautiously, highlighting significant market volatility and uncertainties in downstream demand. He noted that while the company is focused on a turnaround, a voluntary retirement program in Q3 will impact results. He affirmed that efforts to upgrade the business structure, improve costs, and enhance operational efficiency will continue through the second half.

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