Q2 2024 LG Display Co Ltd Earnings Call

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Brian Hall: Good morning, and good afternoon. This is Brian Hall in charge of LG display IR on behalf of the company. Let me. Thank all the participants at this conference call today I'm joined by the CFO sung Kim <unk> Senior Vice President of corporate planning you, Don Kim Vice President of Finance young he in charge of business into.

<unk>, Kim Duncan Vice President of large display planning and management Eugene on and charge offs medium display planning and management premium pack in charge of small display planning and management and wound hung in charge of auto planning and management.

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Speaker Change: The conference call will be conducted in both Korean and English. Please refer to the provisioning provisional earnings release today or the IR event section in the company's website for more details on the financial results for Q2 2024.

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Speaker Change: Before we begin the presentation. Please take a moment to read the disclaimer.

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Speaker Change: Please note that today's results are based on consolidated Ifr standards prepared for your benefit and have not yet been audited by an outside auditor.

Okay.

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Speaker Change: I will start with Q2 business results revenue in Q2 was 6.708 trillion won up 28% Q O Q and 42% Y O Y shipment increased in all product categories with a notable growth and shipment and mix of OLED products, where the company has differentiated advantage.

Tonya Antonucci: Yes.

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Speaker Change: Operating loss posted 94 billion, one representing a significant decline Q O Q and Y O y.

Speaker Change: The company's effort for business structure upgrade continues to produce tangible results, including the full fledged mass production of OLED panels and growth in production of large OLED panels feed.

Speaker Change: Verbal foreign exchange of conditions also contributed to earnings improvement.

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Speaker Change: Next on area shipment and ASP per square meter area shipment of notebook P. C. N L. C. D. T V products was slightly lower than planned, but Q2 area shipment was up 23% Q O Q and 37% Y O Y to $6 5 million square meters largely in line with our guidance.

Speaker Change: From the previous quarter.

Speaker Change: ASP per square meter slightly outperformed on the guidance, which protected a slight decline by a low single digit percent.

Speaker Change: With increased shipment of small OLED panels, such as mobile panels ASP per square meter was $779 almost flat Q on Q.

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Tangible results, including the full fledged mass production of OLED panels and growth in production of large OLED panels.

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Speaker Change: Next is product revenue mix the rubbing it makes up TV panels was 24% up three percentage points from the previous quarter with increased shipment of OLED and LCD panels.

Speaker Change: Next on area shipment and ASP per square meter area shipment of notebook PC and LCD TV products was slightly lower than planned, but Q2 area shipment was up 23% Q O Q and 37% Y O Y to six 5 million square meters largely in line with the guidance.

Speaker Change: It was 44% up three percentage points Q O Q with a full fledged mass production of OLED.

Speaker Change: This pushed down the relative revenue mix of mobile and others to 23% auto was 9%.

Speaker Change: From the previous quarter.

Speaker Change: Overall, the revenue makes up OLED products was 52% up 10 percentage points year over year, and five percentage points Q O Q showing visible impact of this instructor upgrade.

Speaker Change: ASP per square meter slightly outperformed on the guidance, which protected a slight decline by a low single digit percent.

Speaker Change: With increased shipment of small OLED panels, such as mobile panels ASP per square meter was $779 almost flat Q on Q.

Speaker Change: Okay.

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Speaker Change: Next is on the financial position and key metrics cash and cash equivalents stood at 2.342 trillion won inventory was 3.082 trillion won down Q O Q driven by shipment growth.

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Speaker Change: Debt to equity ratio was 282% and net debt to equity ratio was 151%.

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Speaker Change: Next is product revenue mix the revenue mix of TV panels was 24% up three percentage points from the previous quarter with increased shipment of OLED and LCD panels.

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It was 44% up three percentage points Q O Q with a full fledged mass production of OLED.

Speaker Change: Next is Q3 guidance area shipment is expected to grow by mid single digit percent level Q O Q from increased panel purchased for medium and large products like T V N I T I spend less growth and seasonal demand.

Speaker Change: This pushed down the relative revenue mix of mobile and others to 23% auto was 9%.

Speaker Change: Overall, the revenue mix of OLED products was 52% up 10 percentage points year over year, and five percentage points Q O Q showing visible impact of business structure upgrade.

Speaker Change: ASP per square meter is expected to remain flat without too much volatility.

Speaker Change: Shipment of OLED panels, including mobile panels is expected to expand but shipment of medium and large products is also expected to grow.

Speaker Change: Okay.

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Speaker Change: Next is on the financial position and key metrics cash and cash equivalents stood at 2342 trillion won inventory was three point <unk> eight two trillion won down Q O Q driven by shipment growth.

Speaker Change: Good morning, and good afternoon. This is CFO sang Don Kim Thank you for joining our conference call.

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Speaker Change: Debt to equity ratio was 282% and net debt to equity ratio was 151%.

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Speaker Change: Yes.

Speaker Change: The company is posting better earnings than the previous year, and strengthening financial stability through business structure upgrade cost structure improvement and cost innovation as well as operational efficiency announcement.

Speaker Change: Next is Q3 guidance area shipment is expected to grow by mid single digit percent level Q O Q from increased panel purchased for medium and large products like television.

Speaker Change: Nevertheless, external situations remain highly volatile.

Speaker Change: We believe that there are still several factors that may affect our performance, including foreign exchange of situations and the downstream industry circumstances for each pad applications, such as T V N I T.

As well as growth in seasonal demand.

Speaker Change: ASP per square meter is expected to remain flat without much volatility.

Speaker Change: Shipment of OLED panels, including mobile panels is expected to expand but shipment of medium and large products is also expected to grow.

Speaker Change: This backdrop the company will strive to improve business results through business structure upgrade focus on OLED, while responding to market uncertainties through efforts like operational efficiency.

Speaker Change: Yes.

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Speaker Change: Good morning, and good afternoon. This is CFO sang Don Kim Thank you for joining our conference call.

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Speaker Change: That's where the company's plan and strategy per business area in the second half of the year and the small mobile business. We aim to achieve a Y O Y increase in shipment based on the expanded infrastructure and production capacity, which is expected to bring about a meaningful improvement in our revenue and profit.

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Speaker Change: The company is posting better earnings than the previous year, and strengthening financial stability through business structure upgrade cost structure improvement and cost innovation as well as operational efficiency enhancement.

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Speaker Change: Nevertheless, external situations remain highly volatile. So we believe that there are still several factors that may affect our performance, including foreign exchange situations and the downstream industry circumstances for each pad applications such as TV.

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Speaker Change: In the I T OLED segment under medium I T. We increased shipment in Q2 after the start of stable mass production based on tandem technology leadership.

Speaker Change: Against this backdrop the company will strive to improve business results through business structure upgrade focused on OLED, while responding to market uncertainties through efforts like operational efficiency.

Speaker Change: For I T. L. C. D. Wilder market is slow to recover in a competition. Among panel makers is intensifying we are confident in the company's differentiated competitive edge.

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Speaker Change: Our portfolio strategy focused on stable customer relationships and high end B to B product is expected to produce differentiated outcomes and the market has fully recovered after the second half of the year.

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Speaker Change: That's where the company's plan and strategy per business area in the second half of the year in the small mobile business. We aim to achieve a Y O Y increase in shipment based on the expanded infrastructure and production capacity, which is expected to bring about a meaningful improvement in our revenue and profit.

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Speaker Change: In large OLED or priority is to secure profitability to this and we're expanding differentiated and high end lineup. It reflects market and customer needs through close cooperation with our global strategic customers and pursuing product competitiveness and innovation in operational structure.

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Speaker Change: In the OLED segment under medium.

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Speaker Change: We increased shipment in Q2 after the start of stable mass production based on tandem technology leadership.

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Speaker Change: For <unk> LCD, while the market is slow to recover and competition among panel makers is intensifying.

Speaker Change: Our confidence in the company's differentiated competitive edge.

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Speaker Change: Next is auto business. There are some elements of short term volatility in the downstream market, mainly due to reduced incentives for evs, we are carrying out activities to win orders as planned across both E vs. In Ice's based on differentiated product and technology portfolio involving ol.

Speaker Change: Our portfolio strategy focused on stable customer relationships and high end <unk> product is expected to produce differentiated outcomes and the market has fully recovered after the second half of the year.

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Speaker Change: <unk> L. T. P. S. L C D and through people and close customer relationships, we will continue to expand into a larger market segments are raising the mix of OLED and using competitive a T O product, which is advanced thin OLED, our more diversified product portfolio will help sustain our growth momentum.

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Speaker Change: In large OLED, our priority is to secure profitability to this and we're expanding differentiated and high end lineup and reflects market and customer needs through close cooperation with our global strategic customers and pursuing product competitiveness and innovation in operational structure.

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Speaker Change: Last is on our investment activities, we're focusing on essential investments and projects that can secure results early based on the careful consideration of external environment and demand growth.

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Speaker Change: Investment. This year is planned at two two trillion one level a significant reduction from the previous year.

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Speaker Change: Although the market in external environment are likely to remain volatile in the second half of the year. We are working to continue the earnings improvement trend like spending outcomes of business structure upgrade and conducting profitability centered business management supported by gains in operational efficiency. Thank you.

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Speaker Change: Next is auto business. There are some elements of short term volatility in the downstream markets, mainly due to reduced incentives for Evs, who we are.

Speaker Change: Carrying out activities to win orders as planned across both Evs in Ice's based on differentiated product and technology portfolio involving OLED and L. TPS LCD and through stable and close customer relationships. We will continue to expand into a larger market segments are raising the mix of <unk>.

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Speaker Change: And using competitive <unk> product, which is advanced thin OLED, our more diversified product portfolio will help sustain our growth momentum.

Speaker Change: That brings us to the end of earnings presentation for Q2 2024, we will now take questions. Operator, please commence with the Q&A session.

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Speaker Change: Now Q&A session will begin please press star one that Istar and one if you have any questions quest.

Speaker Change: Lastly is on our investment activities, we're focusing on essential investments and projects that can secure results early based on the careful consideration of external environment and demand growth.

Speaker Change: Questions will be taken according to the order you have pressed the number star one for cancellation. Please press star two that Istar and two on your phone.

Speaker Change: Investment. This year is planned at two two trillion one level a significant reduction from the previous year.

Speaker Change: In order to allow as many Q&A chances as possible within the restricted time, we would appreciate only two questions per each participant.

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Speaker Change #104: The first question will be provided by one Kim from Kb Securities. Please go ahead with your question.

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Speaker Change: Although the market in external environment are likely to remain volatile in the second half of the year. We are working to continue the earnings improvement trend by expanding outcomes of business structure upgrade and conducting profitability centered business management supported by gains in operational efficiency. Thank you.

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Speaker Change #134: Uh huh.

Speaker Change: Thank you for taking my questions I would like to pose questions on your overall business performance and protection in the first half of this year for two quarters in a row, you'll have posted earnings that exceeded market expectations. So what is your outlook on the likelihood or probability of making a turnaround in the third quarter.

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That brings us to the end of earnings presentation for Q2 2024, we will now take questions. Operator, please commence with the Q&A session.

Speaker Change: And what is your estimated size of profit in the second half of the year. Thank you.

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Speaker Change: Now Q&A session will begin please press star one that Istar and one if you have any questions quest.

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Speaker Change: Questions will be taken according to the order you have pressed the number star one for cancellation. Please press star two that Istar and two on your phone.

Speaker Change #119: I am <unk> senior Vice President for corporate planning. Thank you for your question. The company is currently focusing on making a turnaround and we have posted positive results in the first and the second half of the second quarter. This year. However, we still believe that there are many elements of volatility in the market. So we need to take.

Speaker Change: In order to allow as many Q&A chances as possible within the restricted time, we would appreciate only two questions per each participant.

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Speaker Change: The first question will be provided by <unk> Kim from Kb Securities. Please go ahead with your question.

Kim Sung: Caution in making any projections going forward.

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Speaker Change: Thank you for taking my questions I would like to pose questions on your overall business performance and protection in the first half of this year for two quarters in a row, you'll have posted earnings that exceeded market expectations. So what is your outlook on the likelihood or probability of making a turnaround in the third.

Speaker Change: That will come down or are we seeing.

Speaker Change: However, we see that the external circumstances are still quite volatile and there are several factors that may impact our business performance, including the demand in the downstream industry for a major product categories and there is quite a lot of uncertainties in this regard.

Speaker Change: Quarter and what is your estimated size of profit in the second half of the year. Thank you.

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Andrew: Hello, Andrew.

Speaker Change: When it comes to making an outlook on the third quarter of business performance. So we're currently going through the voluntary retirement program for production workers and there will be some head count adjustment and this will have some impact on our business performance in the third quarter.

Speaker Change: Our reform or.

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Speaker Change: Starting with demand.

Speaker Change: Or is it depends on Gabon goes don't come along as well.

Speaker Change: Turning to tell you that I'm still I'm. Just wondering is enjoying took repair that was not how we see them.

Speaker Change #100: Oh Christian Monkey.

Speaker Change #107: Hum tons are there were there was something about them.

Speaker Change: I am <unk> senior Vice President of corporate planning. Thank you for your question. The company is currently focusing on making a turnaround and we have posted positive results in the first and the second half of the second quarter. This year. However, we still believe that there are many elements of volatility in the market that we need to take.

Speaker Change: Cause itself was a little Khazei redo.

Kim Sung: Okay.

Speaker Change #115: Now collection on its own.

Speaker Change #115: Operation into the cartoon good Oh.

Speaker Change: That's all.

Speaker Change: How long do you go from you know once you're through a.

Speaker Change: Caution in making any projections going forward.

Speaker Change #159: Kind of a little walk us through that.

Speaker Change: No.

Speaker Change #103: Across our company, we have been implementing initiatives for business structure upgrade as well as implementing activities to improve the cost structure and cost innovation and improve operational efficiency and such efforts will continue into the second half of the year.

Speaker Change: Going through the period and also <unk>.

Speaker Change: Oh good.

Speaker Change: Long answer.

Speaker Change: Two.

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Speaker Change: Towards the savings deposit them closer together.

Graham: Yeah, Graham Tom to the Moon, but the real I guess to me though.

Speaker Change: Bitumen.

Speaker Change: There are some banks, who they're going to process along with.

Speaker Change #113: We'll take the next question.

Speaker Change: I'm Gonna wisdom.

Speaker Change #102: Tom Little Chamberlain that discipline embedded Tilton, Gwen Atkins sold only meter. The following question will be presented by <unk> Kim from Merit Securities. Please go ahead with your question.

Speaker Change: However, we see that the external circumstances are still quite volatile and there are several factors that may impact our business performance, including the demand in the downstream industry for our major product categories and there is quite a lot of uncertainties in this regard.

Speaker Change #124: Yeah, Hey, all bets are you gonna Kitano in Utah.

Speaker Change #109: N coupons Oakland zone. They talk on why you Anastasia minor jumped pretty much to meet a chicken oh, they've got some enough to more critical Martin's holiday quarter Sunday about each long enough that the margin per child take out in Boston, you got more TD in bucket that out and you see what they'll do a loss on the deal.

Speaker Change: <unk> I'm going to switch us among local units in them.

Speaker Change: 102 in December as well.

Pavan: This is pavan.

We are producing well tuned in houses.

Speaker Change #109: I'll come back to the niche opportunity obtained me that the one that off take without me all they've got they got to talking with you I don't have it you know well couldn't you cant keep accelerating just kidding, okay deficiency.

Speaker Change: When chromosomes.

Good afternoon, guys and then some of the June quarter.

Speaker Change: Medical surgical policemen.

Speaker Change: When it comes to making an outlook on the third quarter of business performance and we are currently going through the voluntary retirement program for production workers and there will be some head count adjustments and this will have some impact on our business performance in the third quarter.

Speaker Change #131: English Kinder Middleton younger digital by somebody that just becomes how do you see that.

Speaker Change #102: Okay.

Speaker Change #108: Thank you for taking my questions I'd like to ask questions regarding your plans for the sell off of the Ponzo on T. V. Fat recently, there have been some specific rumors and speculations that there has been some decisions on the timeline and the size and the potential buyer for the site and so there was some news that the deal.

Chris: Chris among too.

Chris: Uh huh.

Speaker Change: Gross outflows of Ecuador, Khazei redo.

Chris: Okay.

Speaker Change: Oh one question also grew.

Speaker Change: Operator into the cartoon burden.

Speaker Change #144: We'll soon be closed so if you could provide us with some updates on this matter. We would appreciate that and I would also like to know your plans on how youre going to use sales proceeds from this transaction and any plans for expansion of their capex and if you do plan to expand the Capex and what areas are you going to increase.

Speaker Change: That's all.

Speaker Change: Or how long durable.

Speaker Change: You know as a group.

Speaker Change: Peter.

Speaker Change: Across the company, we have been implementing initiatives for business structure upgrade as well as implementing activities to improve the cost structure and cost innovation and improve operational efficiency and such efforts will continue into the second half of the year.

Speaker Change: You're spending thank you.

Speaker Change: Yeah sure Paul came to me, though.

Speaker Change: Oh, Hi, Jean Coutu Millennium Mom book This Philadelphia School children Times Omega doesn't go to do so.

Tom Tillman: The ground, Tom Tillman Petroquest, Anita we will take the next question.

Linda: One was greensville gifts from Linda.

Speaker Change: Tom Murdo chairman of discipline embedded children Gordon Aitken sold only meter.

Speaker Change #121: Come on.

Speaker Change: So look certainly there. So these are mom and communism.

Speaker Change: Following question will be presented by <unk> Kim from Merit Securities. Please go ahead with your question.

Speaker Change: Hum.

Speaker Change #116: So people who are moving in parallel bumblebee Thano question, what's going on there.

Speaker Change: Yes, but it's just going to keep following Mr. <unk>, Zhang <unk>, Ontario, Sumida chicken <unk>.

Lewis Hall: Oh Lewis Hall.

Speaker Change #112: Who analysts to bring the diesel medical aikido cool, Okay, I'm going to show you all.

Speaker Change: Summing up two more political more turns orders and Cortez underground.

Speaker Change #125: Uh huh.

Speaker Change #125: So actually by showing you the money.

Tom Tillman: Tom is that anecdotal margin per child take out of Washington, Utah more TV in bucket that out and you sort of hold off on the deal.

Speaker Change #120: All 20 of them women, who.

Speaker Change #120: But I'm gonna incident between nickel.

Speaker Change #117: She told me you're familiar in England, and especially who are troubled him I should just move them from Duke couture like we saw in me though.

Speaker Change: I'll come back on <unk> activity.

Speaker Change: Better <unk> better.

Speaker Change: I don't have any doubt Hogan you gave capex searching this kinase deficiency, thereby negating dish can divert often younger digital <unk> meter.

Speaker Change #127: This is Earl CFO sung in game responding to your questions. Indeed, we have received similar questions in the past. However, I have not mentioned anything about a sell off where it sales in the past.

Speaker Change: Thank you for taking my questions I would like to ask questions regarding your plans for the selloff of the Ponzo TV Fab recently, there have been some specific rumors and speculations that there has been some decisions on the timeline and the size and the potential buyer for this fab.

Speaker Change #136: But the message that I have been communicating to the market. So far most of that we are thinking about how we were going to utilize nonstrategic assets and there are many options that we're considering.

Speaker Change #112: And even though I made these remarks, the news and the market seem to conclude that efforts are going on for the sale of this fab also.

Speaker Change: And so there was some news that the deal would soon be closed. So if you could provide us with some updates on this matter. We would appreciate that and I would also like to know your plans on how youre going to use sales proceeds from this transaction and any plans for expansion of the Capex and if you do plan to expanding capex.

Speaker Change #112: So let me make that once again clear and I'm going to deliver the same message that efforts are underway in many different ways and there has been it has been some progress and there had been some more specifics coming out and that is the current situation.

Speaker Change: And what areas are you going to increase your spending thank you.

Speaker Change #149: Ooh autumn pump what are we doing from there.

Speaker Change #150: On <unk> could you open boots or something.

Speaker Change: Yeah sure Paul continuing in Brazil.

Speaker Change #143: So you got to you.

Speaker Change: Or how should create shipment in Pembroke deferred our.

Speaker Change: Yep.

Joe: Joe do you want to handle I think listen shrinking of PD ones that will be me, though.

Speaker Change: 200, <unk> zone Begajah doesn't go for diesel.

Speaker Change: Similar to individuals from Linda.

Speaker Change #135: Regardless of one option, we ultimately take will take quite some time before we can strategically utilize the assets under target.

Come on.

Speaker Change: Due to look certainly therefore, the Marlin community.

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Speaker Change: Christa.

Speaker Change: Cool.

Speaker Change #129: Oh, that's a good boost in hanging Oh, EOG didn't luminaire headroom cargoes on automotive in Europe wouldn't be similar question and work with them in what's coming to them locally should be similar.

Robin: Robin in parallel Bumblebee question with you.

Speaker Change: Hello Nashville.

Speaker Change: Who analyst to bring the DSO Mega go Oh, Okay on Pandora into Chicago.

Speaker Change #129: So whatever actions, we take going forward. The final outcome of such actions will become materialized at a later time than what you expect.

<unk> got this whole Sebastian <unk>.

Two of them are movement of wounds.

Speaker Change: Incidents from nickel.

Speaker Change: <unk> per million in enrollments actually who are taught them assumed to move them from local charities.

Speaker Change #123: Oh come on more choices to go into children as young as two of the Wyndham guys hooked to them all.

Speaker Change #141: Talk show room.

Speaker Change: EBITDA.

Speaker Change #141: And to the push we Oh.

Speaker Change #123: Oh <unk>.

Speaker Change: This is our CFO Seung Yun Kim responding to your questions. Indeed, we have received similar questions in the past. However, I have not mentioned anything about a sell off where sales in the past but.

Speaker Change #133: We are getting my human attrition in the embargo on yugo.

Speaker Change #133: On the ongoing delay in bookings and motivates them on them.

Speaker Change #133: Oh two months that are just coming in so you don't want me to talk about as soon as people get from them.

Speaker Change: Such that I have been communicating to the market. So far most of that we are thinking about how we were going to utilize non strategic assets and there are many options that we're considering.

Speaker Change #161: Of course in the process, we will actively communicate with the market or to provide you with updates and you mentioned that there was some news that the deal is soon to be closed and I would like to know the definition of soon but.

Speaker Change: And even though I made these remarks, the news and the market seem to conclude that.

Speaker Change: <unk> are going on for the sale of this fab also let me make that once again clear and I'm going to deliver the same message that efforts are underway in many different ways and there has been it has been some progress and there have been some more specifics coming out and that is the current situation.

Speaker Change #151: And you how we are going to continue to update you. So if you stay patient we will come back to you. Thank you.

Speaker Change #133: Oh, Yeah Robin did at two Queen promotion and coupon and he said look two for me.

Speaker Change #158: All the traditional meters.

Speaker Change #133: Good singing and Tony if you could stop.

Speaker Change: Ooh.

Speaker Change #132: Critical kudos, there or do you see a question are you doing to more English language.

Speaker Change: Tom will be doing down there.

Tom Tillman: Could you touch on them.

Speaker Change #165: The second part of your question as many people maybe wondering that's when we liquidate nonstrategic assets. They will produce some proceeds and you'd like to know how and where we're going to use these proceeds.

Tom Tillman: So you got.

Speaker Change: So look.

Speaker Change: Joe grew Humber from amorphous silicon appearance of alumina.

Speaker Change: Regardless of one option, we ultimately take will take quite some time before we can strategically utilize the assets under target.

Speaker Change #139: Coupon of this woman.

Speaker Change #148: Then I go to a commercial could you give us a little cross from them.

Speaker Change #157: And upon that question, we're going to address this question once we have everything settles out.

Speaker Change: Oh, there is a good boost in hanging on.

Speaker Change: Uhm.

Speaker Change: Turning Cayuga known renewal wouldn't be similar question and work with them on <unk> home locally be similar.

Speaker Change #123: Yes.

Speaker Change #145: The chairman at the end of third about should go over time to the moon, but through Okay for me to thank you we will take the next question.

Speaker Change: So whatever actions, we take going forward. The final outcome of such actions will become materialized at a later time than what you expect.

Speaker Change #166: Commodore 10 minutes, you're shipping in high two doesn't go in until one something you mean nida. The following question will be presented by won Suk Chung from Hi investment <unk> Securities. Please go ahead with your question.

Speaker Change: On camera modules of our credo and single Muslim yourselves open to <unk>.

Speaker Change: Sure.

Speaker Change #173: Yeah, it's it doesn't control until they're done.

Speaker Change: Question to the question.

Speaker Change #140: By Mexican law.

Speaker Change #100: The market that we are getting Marshall nutrition, and the embargo on yugo.

Speaker Change #147: Children shoes.

Speaker Change #147: Ending on one integrity or whatever you want.

Speaker Change #101: On the only homebuilder in Burgundy mortgage among them.

Speaker Change #153: Uh huh.

Speaker Change #169: Who do know what's at all.

Linda: Two months delay dishman triggered upon the elements on this whole question received is from Linda.

Speaker Change #142: It sounds a little tricky to do.

Speaker Change #142: Turning to Nevada.

Speaker Change #142: Oh chromebook when they saw that.

Speaker Change #103: Of course in the process, we will actively communicate with the market to provide you with updates and you mentioned that there was some news that the deal is soon to be closed and I would like to know the definition of soon but.

Speaker Change #138: So at 12, 2%.

Speaker Change #123: Because I think there's a pool.

Speaker Change #123: No it'd be like Hey, it's.

Speaker Change #123: It's always a struggle to go ahead and keep it there.

Speaker Change #123: Oh, it's not wouldn't be paid out by year end.

Speaker Change #154: Well, how about me I don't know.

Speaker Change #104: Anyhow, we are going to continue to update you. So if you stay patient we will come back to you. Thank you.

Speaker Change #154: I'm going to just keep coming on.

Speaker Change #123: Albeit its puppy.

Speaker Change #137: Oh gosh.

Speaker Change #105: Oh European duty to combo mesh and improve them as they look to us for me.

Speaker Change #156: Thank you for taking my question I like to ask a question about the mobile market situation.

Speaker Change #106: Distribution into fleet.

Speaker Change #167: Unlike the past two years earlier this year there were some news reports that LG display will have forgotten. The early approval and will start mass production as scheduled and there was some investments for capacity expansion last year and there is high expectations for the growth of <unk>.

Cingulum, Tony if you could stop.

Speaker Change #107: Critical Cordero, DSV Cushing or to move forward.

The second part of your question as many people may be wondering that when we liquidate non strategic assets that will produce some proceeds and you'd like to know how and where we're going to use these proceeds.

Speaker Change #162: Related demand in the market. So if you could provide us with some color on the smartphone OLED our shipment in the first and the second half of the year, we would appreciate that.

Speaker Change #108: While coupon of this woman.

Speaker Change #109: I mentioned to you <unk>.

Speaker Change #110: And upon that question, we're going to address this question once we have everything settles out.

Speaker Change #152: Filling critical to them. So we don't consolidate because none of them done.

Speaker Change #146: There's lots of phone calls.

Speaker Change #137: Hum.

Speaker Change #155: So I'll, let him 210 that somehow trying to doing something Tom waters Division enjoyed doing some tuck ins.

The children that are about to go time, Truman Petro Canada. Thank you we will take the next question.

Speaker Change #179: Sometimes when you go to buy something they didn't know tranches not most of them have come to another one cool I'll check on that comes in from some others.

Speaker Change #111: Commodore terminology shipping in high 2000 going into one of the meter. The following question will be presented by one's Lockdown from Hi investment <unk> Securities. Please go ahead with your question.

Speaker Change #155: Oh. It was have you done there to get that I know it sounds like that's one because they were not willing to keep on this not to put them on propulsion.

Speaker Change #155: So it doesn't always.

Speaker Change #112: It doesn't concern us.

Speaker Change #163: I am seeing them back and charge, a small display planning and management first I'd like to ask you for your understanding that we will not be able to provide you with any specifics on plans for mass production and shipment because of her customer situation. However, based on the current market situation, what I can say is that the.

Speaker Change #113: So thats, one way or another.

Speaker Change #113: We introduced the origin.

Unintelligible regarding your wins.

Speaker Change #114: Our loan total downloads at all.

Speaker Change #114: So I don't need to be to gear.

Speaker Change #114: Turning to.

Speaker Change #114: <unk> 2008.

Speaker Change #163: Overall smartphone market growth will be slow and competition among that the smartphone makers will continue to intensify. However, according to our research institutions reports the plastic OLED based smartphone market is expected to grow by a small margin I'm. This is where we are focusing on right now.

Speaker Change #114: China and Asia.

Speaker Change #115: So this is a pool.

Speaker Change #115: Devices per units already do.

Speaker Change #115: We're going to go ahead and getting them in a day.

Speaker Change #115: But when will it be paid per unit cost on a bunch of R&D.

Speaker Change #115: <unk>.

Speaker Change #115: I'm going to just keep coming on.

Speaker Change #115: Albeit its stability.

Speaker Change #115: Gosh.

Speaker Change #137: Yeah.

Speaker Change #164: I'm Gonna Tonight, you don't want to get something.

Thank you Ali.

Speaker Change #160: He will then talk to you on the phone call and don't want to take it out to all cargo paired them with some boots on Puerto Rico.

Speaker Change #120: Thank you for taking my question I'd like to ask a question about the mobile market situation.

Speaker Change #117: Unlike the past two years earlier this year there were some news reports that outage.

Speaker Change #170: All of that sounds like a number after then sometimes pierogi bundle Jnana Derby and Oaks at all.

LG display will has gotten the early approval and will start mass production as scheduled.

Speaker Change #174: Oh you did.

Speaker Change #205: So what are the two California goes all the mean and I guess I'm Lucky that was.

Speaker Change #116: And there was some investments for capacity expansion last year and there is high expectations for the growth of AI related demand in the market. So if you could provide us with some color on the smartphone OLED our shipment in the first and the second half of the year, we would appreciate that.

Speaker Change #172: For the past two years, we had some issues in the early supply of OLED panels for smartphones. However, this year, we already put in place plans and infrastructure for a tiny matched production and staple supply. So we believe that we will be able to produce positive outcomes.

Speaker Change #118: So I'm going to go to them. So we don't get dilutive none of them done.

Speaker Change #168: We're planning to increase our panel shipment compare to the previous year based on the strength in production capacity and expanded production infrastructure, which is expected to bring about positive improvement in our revenue and profit.

Speaker Change #119: It was not performance I'll go to Illinois to bring projects.

Speaker Change #122: Item 200 gig Datacom you tried to diligent on water divisions are doing some patterns.

Speaker Change #123: <unk> got about 100 million tranches, notwithstanding some of that is going to another group of children that comes in from some others.

Speaker Change #168: Yeah.

Speaker Change #181: The two go to the Moon, but the real I guess to me that we will take the next question.

Speaker Change #119: So it's already gone into tier demand.

Speaker Change #168: Yeah.

Speaker Change #189: Commodore two minute to ship them in Q2, <unk>. One you mean meter. The following question will be presented by one Kim from <unk> Securities. Please go ahead with your question.

Speaker Change #119: So we will leave coupon and smart deployment of approaches.

Speaker Change #121: So it isn't always smooth.

I am seeing them back in charge of small display planning and management first I'd like to ask you for your understanding that we will not be able to provide you with any specifics on plans for mass production and shipment because of her.

Speaker Change #168: Yes, yeah, Okay. What's your question Don you got one there.

Don: And should you do with auto and then Jay I wanted to know how you got to go and what it's like catching attention.

Speaker Change #121: <unk> situation. However, based on the current market situation, what I can say is that the overall smartphone market growth will be slow and competition among it smartly.

Speaker Change #177: No he was on that day.

Speaker Change #168: These high end penetration me.

Speaker Change #171: But I think I'm getting that.

Speaker Change #171: Yeah.

Speaker Change #121: As smartphone makers will continue to intensify however, according to our research institutions reports the plastic OLED based smartphone market is expected to grow by a small margin. This is where we are focusing on right now.

Speaker Change #171: Sometimes it takes you could have it knocked classic shakes almost everytime Vijay Kotte.

Speaker Change #171: So I felt vacation you could go into London, you judge until I didn't tell me Lindsay.

Speaker Change #171: Thank goodness I forget how much that's.

Speaker Change #171: Got that.

Speaker Change #178: Thank you for taking my questions. My questions are concerning I T. L. C D well, you've been focusing on high value added products and I'd like to know if you still believe that the higher end product portfolio is your differentiating area I would also like to understand your overall a protection for the.

Speaker Change #124: I was on a generic to <unk> demand within in Tokyo, Osaka, and Docomo intellectual hogwash paramour solution, Puerto Rico through Cabela's.

Speaker Change #126: All of those things going on number after then FINRA and promoted bundle Jinan Adobe and Archer after accounting for our unit.

Speaker Change #125: But she was wonderful.

Speaker Change #178: The strategy and the profitability of I C. A T. L. C D going forward and what is your protection on the market situation for each I T application product in the first and the second half of the year.

Speaker Change #124: Okay.

Speaker Change #127: For the past two years, we had some issues in the early supply of OLED panels for smartphones. However, this year, we already put in place plans and infrastructure for a tiny matched production and stable supply. So we believe that we will be able to produce positive outcomes.

Speaker Change #175: Q I'm careful with them to understand it though.

Speaker Change #176: And when do I teach them and hopefully we can show that we cool and that'll come down it's much month to month.

Speaker Change #127: And we're planning to increase our panel shipment compare to the previous year based on the strength in production capacity and expanded production infrastructure, which is expected to bring about positive improvement in our revenue and profit.

Speaker Change #195: Well I'll put you on several other than the ones you didn't draw it out and.

Speaker Change #183: I'm done.

Speaker Change #176: And no one's going to.

Speaker Change #188: We can get so high in the wapiti reduce humana put to put the puzzle together.

Speaker Change #128: The geographic demand Petro area for me that we will take the next question.

Speaker Change #192: And when she still gets almost all of them some of them.

Speaker Change #171: So quite a lot.

Speaker Change #171: Yeah.

Commodore Terminator shipping in Q <unk>. The following question will be presented by <unk> Kim from <unk> Securities. Please go ahead with your question.

Speaker Change #180: I am using an in charge of medium display planning and management, we are seeing the delay in the recovery of the I T industry unanticipated competition among the panel makers, but we are still very confident in the differentiating aspect of the product portfolio that LG display has and the potential of the I T.

Speaker Change #128: Yes.

Speaker Change #129: Got it.

Speaker Change #130: It should be through with all Timna and show you why don't you take that one.

Speaker Change #180: Industry, we boast staple and close customer relationships and our portfolio strategy focused on high end and B to B customers and these are going to lead to a differentiated outcomes when the market is fully normalized.

Speaker Change #132: Well go to Ikea its intention no they don't need the high end of the questions from me.

Speaker Change #131: But I think I'm going to walk.

Speaker Change #131: Yeah.

Danielle Thank you Javier.

Speaker Change #131: The system will typically be Jacob.

Speaker Change #185: The Ontario, I'm going in production or something and then I'll I'll jump out.

Speaker Change #133: So I don't pay occasion, you could go into London, Georgia and Colorado.

Speaker Change #171: Yeah.

Patricia: From what we know Patricia acquired the luggage again, one Cosmo got them to the welcome to the pool.

Speaker Change #134: Hello goodness application.

Speaker Change #134: Yes.

Speaker Change #134: Got it.

Speaker Change #171: Sure.

Speaker Change #184: So I'll pass it through.

Thank you for taking my questions. My questions are concerning I T. L. C D. You've been focusing on high value added products and I'd like to know if you still believe that the high end product portfolio is your differentiating area I would also like to understand your overall our production for.

Speaker Change #197: And then just in case, you don't quite know what was it.

Speaker Change #171: Understood.

Speaker Change #171: Sundar.

Speaker Change #190: We're operating based on the assumption that external environment will continue to be uncertain for a long time and we are implementing various measures to cut costs in terms of production operation and thought optimization and these are our initiatives to transform our business structure to one that can be <unk>.

Speaker Change #135: The strategy and the profitability of IC.

Speaker Change #136: LCD going forward and what is your projection on the market situation for each application product in the first and the second half of the year.

Speaker Change #171: <unk>, even under the current market situations like what we have now and we will make sure to produce positive results going forward.

Speaker Change #137: <unk> carefully them don't understand at all.

Speaker Change #136: <unk>.

Speaker Change #199: Well the I T to ponder she doesn't have a long run sometimes always take that into me that way.

Julien: We can Julien.

Julien: Hello, Akshay <unk> managed months two months.

Speaker Change #139: I'll follow up with you on several other than the ones you don't rule it out either.

Speaker Change #191: When you take them when they wanted to ship it to be printed interrupted from tell you thought at all and would you even on TV and I guess not only vantage in Illinois, the Powerball dual port box on direct costs.

Speaker Change #139: And we.

Speaker Change #139: We can get so high end to be to reduce put.

Speaker Change #139: <unk>.

Speaker Change #191: As I always do that.

Speaker Change #139: How much tonnage was odalisque tourism.

Speaker Change #193: Moving onto the market situations for I T applications. They vary by I T application category as for the monitors out there new from the movement may be different by a b to C and b to b as well as the leading products by brands, but overall on the annual basis.

Speaker Change #140: So quite a lot.

Speaker Change #139: Sure.

I am using <unk> in charge of medium display planning and management, we are seeing the delay in the recovery of the industry and intensifying competition. Among the panel makers, but we are still very confident in the differentiating aspect of the product portfolio that LG display has and the potential of the <unk>.

Speaker Change #191: We see that the that endo panel its going to grow by a slight margin.

Speaker Change #139: Industry, we boast staple and close customer relationships and our portfolio strategy focused on high end and B to B customers and these are going to lead to a differentiated outcomes when the market is fully normalized.

Speaker Change #200: Due to the pushing him when he thought there'd be a tussle because you're not so long ago.

Speaker Change #182: Oh, so bogie or something just like there was some.

Speaker Change #194: Another jinan entities hometown isn't going either.

Speaker Change #198: Hi, I'm on I'm talking about junior high and if she doesn't have a win some digit whereas you guys hit on corticotropin you.

Speaker Change #141: Dawn, Ontario.

Speaker Change #142: And then on Hudson will head with Harrington with no particular part of the market again on Corso gondola welcome to them.

Speaker Change #198: You shouldn't you shouldn't go out there how long do you see it it wasn't putting huawei pool or a bunch of it all I T on pinnacle yoga, some bunch of William Jones, What's it do you just go through some of them are smoothed out.

Speaker Change #144: So for me to do so.

Speaker Change #143: Pass it through.

Speaker Change #145: And then just increasing the year that will not do.

Speaker Change #201: Compared to the monitor and notebook P. C is I expect it to be rather sluggish I'll be.

Sundar: Okay Sundar.

Speaker Change #147: We're operating based on the assumption that external environment will continue to be uncertain for a long time and we are implementing various measures to cut costs in terms of production operation and optimization and these are our initiatives to transform our business structure to one that <unk>.

Speaker Change #202: On the set area, there's a negative growth expected by a slight margin, but the panel demand is expected to grow compared to the previous year. However, the high end market is likely to be slow in its recovery. This is where we have competitive advantage. So we are carefully monitoring the demand.

Speaker Change #148: Can be profitable even under the current market situations like what we have now and we will make sure to produce positive results going forward.

Speaker Change #202: And in the market and finally, the panel price for I T applications is expected to remain flat on a year over year basis.

Speaker Change #194: Yeah, Tom telling them about through August meter.

Speaker Change #149: She doesn't have a long run sometimes always taken most rewarding to me that when.

Speaker Change #150: When you say you're going to ship it to be blended Ultrashape and tell you thought at all <unk> language learning to our P&L vudu box on direct costs.

Q Holley: Commodore two minute to ship one in an H two dozen colony EQ hanmi meter. The following question will be presented by Q Holley from NH investment <unk> Securities. Please go ahead with your question.

Speaker Change #151: Moving onto the market situations for it applications. They vary by application category as for the monitors out there the movement may be different by a b to C and b to b as well as the leading products by brands, but overall on the annual basis.

Q Holley: So we are engaged with them for me, though and entail Oaxaca Chairman is to me at all.

Speaker Change #203: As long as it is a little town, where let US all of you can touch on all of them some of them generally knowledgeable about it since the launch when I was kissing because everyone's in the kitchen, what wasn't you can walk me, though.

Speaker Change #214: I'd like to ask questions about your large display business in the medium to long term what is your expected timeline of making a turnaround for a large large.

Speaker Change #151: We see that the preferred and the panel is going to grow by a slight margin.

Speaker Change #151: Due to the patient monitor <unk> puzzle Virginians Hangul <unk>.

Speaker Change #238: Large OLED business and what kinds of specific strategies are you implementing to make it a profitable business.

Speaker Change #151: Hopefully you have some introductory small panel jinan entities underneath centimeter.

Speaker Change #194: Yeah.

Speaker Change #152: How about in terms of our concern regarding high and if she doesn't have a womb some digit whereas you guys are doing.

Speaker Change #209: I mean, it seems like a 10 gig quality zoom works on them at all.

Speaker Change #207: When you're actually moving it is al.

Speaker Change #153: Politico through per year.

Speaker Change #153: <unk> syndrome, and they Havent distributed women's training, how we pool, our bedroom overall lithium pinnacle, Google a bunch of William Jones of.

Speaker Change #196: And so you're going to see them or later on you will see the plumbing that's all.

Speaker Change #212: So intelligent and PV suddenly kudos thinking something's only it's only two people in a pool.

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Speaker Change #155: Compared to the monitor and notebook PC is expected to be rather sluggish.

Speaker Change #212: Oh, I'm going to go into it and getting it out you can almost think of them Google into them.

Speaker Change #156: And on the set area. There is a negative growth expected by a slight margin, but the panel demand is expected to grow compared to the previous year. However, the high end market is likely to be slow in its recovery. This is where we have competitive advantage. So we are carefully monitoring the.

Speaker Change #196: Hopefully closer to say you got to them just like we send me though.

Speaker Change #196: I am <unk>, Kim Vice President of large display planning and management responding to your question. We expect that there will be structural sluggish growth in the PV market that includes both large OLED and LCD T V sets and we believe that there will be continued.

Speaker Change #156: Demand trends in the market and finally, the panel price for <unk> applications is expected to remain flat on a year over year basis.

Speaker Change #225: <unk> in the market for some time.

Speaker Change #226: Chris a question on here. So until you got most of that is Xiang hung Joan you don't go when they reopened case I know you didn't quite a pull down in <unk>.

Speaker Change #157: The tantalum about through August <unk>.

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Speaker Change #158: <unk> been in an H two dozen colony EQ hanmi meter. The following question will be presented by <unk> from NH investment <unk> Securities. Please go ahead with your question.

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Speaker Change #222: With no moving today.

Speaker Change #218: Of course, there's someone on the Python soon be out with similar though.

Speaker Change #206: So against this backdrop, rather than just expecting that the market situations will improve we have been implementing various measures internally to improve our business performance.

Jim Good: Jim engages in Colombia.

Speaker Change #160: <unk> EBITDA.

Speaker Change #211: <unk> proven until you're going just like Oh, Gee 10 minutes as are most of them are.

Speaker Change #161: It is a little town, where lenders I'll touch on almost all of them generally knowledgeable historical landscape in general.

Speaker Change #204: Producers took us to me at all.

Speaker Change #204: Hum.

Speaker Change #162: Which is our entry level over the long term.

Moshe: There was again, we know I'm guessing how cool or could it go to a local gig through why it can be done it's helpful. Moshe.

Speaker Change #163: I'd like to ask questions about your large display business in the medium to long term what is your expected timeline of making a turnaround for large OLED large OLED business and what kinds of specific strategies are you implementing to make it a profitable business.

Moshe: 10 minutes somebody some D C suite progressing though.

Speaker Change #231: This these efforts are focused on three main areas product operational efficiency announcement, and close cooperation with our strategic customers.

Speaker Change #215: Chris It's are you going to ease ones from Debbie. So many case undergo a wound cooking zynga game, it's hovered into tumors to be some really cool neighborhoods.

Speaker Change #164: And there's some they're curtailing quality loan book some of them at all.

Speaker Change #165: When you're assuming it is.

Speaker Change #215: Good on them when they only took sooner told me. This all comes on the operation of the unknown because we're going to have someone to talk to the highway smeal.

Speaker Change #166: So you're going to see them OLED Miami rule LCD prominence Ole.

Speaker Change #167: So interested in TV suddenly kudos again soon.

Speaker Change #220: The amendment also could get 30 well.

Speaker Change #224: However, pulling yourself she's a musical finding again, the clinical door or at the high end of it you know put the excuse me.

Speaker Change #168: The proponent Puma.

Speaker Change #169: I'm going on too.

Speaker Change #169: And don't forget them Google <unk>.

Speaker Change #169: So you got to somehow similar.

Speaker Change #221: In terms of product development, we are currently developing and preparing for a differentiated product that has better performance and better cost competitiveness compared to the previous compare to the existing products and that's where operational efficiency. We are working to enhance operational efficiency of the manufacturing, perhaps as long as well.

Speaker Change #174: I am <unk>, Kim Vice President of large display planning and management responding to your question. We expect that there will be structural sluggish growth in the TV market that includes both large OLED and LCD Tvs.

Speaker Change #210: You've seen cost.

Speaker Change #169: And we believe that there will be continued volatility in the market for some time.

Speaker Change #210: And finally, we're working closely with our strategic customers to expand the differentiated and high end lineups, that's a respect market and customer needs.

Chris: Chris a question so.

Speaker Change #170: Uh huh.

Speaker Change #173: Sunderland Xizang hung Chung didn't move underneath them. So you know you didn't keep up with that in.

Speaker Change #230: Chris if I need them most of them there in two minutes until you've got young younger too too long ago.

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Speaker Change #169: Focus is a modern <unk> with similar.

Speaker Change #210:

Speaker Change #217: Stuck finish it's a man so you've got some you Amy fix them just ended here in Brooklyn, the how we see them.

Speaker Change #171: So against this backdrop, rather than just expecting that the market situations will improve we have been implementing various measures internally to improve our business performance.

Speaker Change #236: So we will continue to make efforts in these three main areas and at the same time E different army titration and depreciation of the investment that we made so far will be finished in the second half of next year from which point, we are expecting a meaningful improvement in our profitability.

Speaker Change #172: Proven until you're into the psychology 10 minutes as are most of them are introduced to customers.

Speaker Change #175: So from her role so you're going there was again no Jason <unk> Craig.

Speaker Change #175: So look we'll get through it can be unhelpful.

Speaker Change #175: Two minutes <unk>.

Speaker Change #217: Yeah.

Speaker Change #175: These efforts are focused on three main areas product operational efficiency enhancement and close cooperation with our strategic customers.

Speaker Change #228: The Cathedral city won't hurt I thought that the rocket for me that we would take the last question.

Speaker Change #175: Great.

Speaker Change #223: Well, Jim I'll go to a 10 minutes you should put in Shannon to touch and go on and I'm going to have any new meter. The following question will be presented by <unk> from Shinhan investment and Securities. Please go ahead with your question.

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Speaker Change #176: <unk> agreements hovered into Puma, just really cool there was around winning instructional continental ongoing operation of the unknown.

Speaker Change #227: No no there's not.

Speaker Change #178: Just talk to the highway Smeal Masimo.

Speaker Change #241: And she runs Jesus I'm talking about.

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Speaker Change #234: I've got two.

Speaker Change #175: Over 10 years old.

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Speaker Change #245: Well, the Chilean Colombian up to the XI Tobey.

Speaker Change #175: He was really similar.

Speaker Change #217: Crimson Yogi, John I'm, bleeding and dying trees hang your hat on.

Speaker Change #177: In terms of product development, we are currently developing and preparing for a differentiated product that has better performance and better cost competitiveness compared to the previous compared to the existing products and as for operational efficiency. We are working to enhance operational efficiency of the manufacturing fabs as well as reducing.

Speaker Change #217: The maturity that would pull down your critical Susan what she had diesel when you shouldn't Kentucky not.

Speaker Change #239: Thank you for taking my question you mentioned about the E V business in your presentation and there's crony assumption has them in the EV market and there was some of the sluggish or struggling performance at the global EV makers, So I like to understand your overall annual protection on the revenue and the broker.

Speaker Change #175: Cost.

Speaker Change #175: And finally, we're working closely with our strategic customers to expand the differentiated and high end lineups that reflect market and customer needs.

Speaker Change #237: Trade for 'twenty 'twenty four for your auto business and the remaining order balance.

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Speaker Change #242: Oh yeah.

Speaker Change #179: Young or to our goal.

Speaker Change #232: Children, who can't cut it about green Dot one month in Utah.

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Speaker Change #175: Yeah.

Speaker Change #250: Monzo kitchen, Oh somebody didn't bother to tell him get tie up which are going to hit that comes home.

Speaker Change #175: Hum.

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Speaker Change #180: Stuck finish at summit.

Speaker Change #180: Got some uremia and fix them just any of them moving to how we see that.

Speaker Change #246: The improper Tau.

Speaker Change #235: Hungary is open or not.

Speaker Change #181: So we will continue to make efforts in these three main areas and at the same time be different.

Speaker Change #217: Don't get tougher you took the return comes to me that will come down and how we see.

Speaker Change #217: Yeah.

Speaker Change #182: Amortization and depreciation of the investments that we made so far will be finished in the second half of next year from which point, we're expecting a meaningful improvement in our profitability.

Speaker Change #249: Miami Atlanta hung in charge of auto planning and management with respect to the current touch has them into market as I was mentioned in the presentation. There were reduced incentives for E. D. Senders lack of infrastructure for Evs are Kearney. So we see that there are many elements of volatility in terms of EV demand in the short term.

Speaker Change #183: Theyre good through June.

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Speaker Change #255: Weighted you are it appears there should be a good type of cause it's a bad idea to permit so put to play out because you're wasting your time.

Speaker Change #184: Jim I'll go to a 10 minutes you should put in Shannon two dozen gone and I'm going to hand the meter. The following question will be presented by <unk> from Shinhan investment and Securities. Please go ahead with your question.

Speaker Change #248: However for LG display, we have differentiated product and technology portfolio focused on OLED and L. T. P. S. L E D.

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Speaker Change #229: A critical unknown debor commit uncle get can get a coupon at all when it gets up and running without the onto somebody's little bit true bus, which will hurt the only thing to charge it off shoots and again I've always said that.

Speaker Change #186: Since demand changes.

Speaker Change #187: Got you.

Thank you Tom.

Speaker Change #188: <unk> India.

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Speaker Change #243: Also based on a very stable and tight customer relationships, we are carrying out activities as planned to gain revenue and win orders.

Speaker Change #188: To conduct davita in Abilene, and the Chinese hanger had until maturity.

Speaker Change #189: Critical Susan Lucci diesel collision, Kentucky.

Speaker Change #251: It could go a bit sure two minutes on their own.

Speaker Change #190: Thank you for taking my question you mentioned about the EV business in your presentation and there is currently some <unk> and EV market and are there some sluggish or struggling performance of the global EV makers. So I'd like to understand your overall annual protection on the revenue and the growth rate.

Speaker Change #247: And girls tariff I'm guessing about kissing a.

Speaker Change #244: She put into trunk button, which was only down about halfway pool, so to try and go through them all.

Speaker Change #252: On that trip cargoes on songs young or old tool kit, which we didn't always suit.

Speaker Change #243: Yeah.

Speaker Change #191: For 2024 for your auto business and the remaining order balance.

Speaker Change #253: It would not be able to give you any specific numbers when it comes to our revenue target, but our target for revenue on a year over year basis is to grow the revenue by mid 10% level and or up spending order balance our growth rate is targeted to be at the similar as the growth rate of the revenue.

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Speaker Change #192: Okay got it about Greene and Washington, Utah.

Speaker Change #193: Monzo kitchenware.

Speaker Change #194: Some assumed Zimbabwe to retire Portugal Telecom's Hall.

Speaker Change #194: We improved productivity along with.

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Speaker Change #233: You thought at all or did you play your Chinese opinion, you won't you should something like that very much at all I guess for me that I'm talking to a human Luca comes out that email triggered anyone you're fishing when did in U K electric should give out on me that I'm, telling you that we will now close Q2, 'twenty 'twenty four earnings conference.

Speaker Change #194: Okay.

Speaker Change #195: Lamb, Atlanta, Wang and charge offs auto planning and management with respect to the current touch has them into market as I was mentioned in the presentation. There were reduced incentives for Evs senders lack of infrastructure for Evs Kearney. So we see that there are many elements of volatility in terms of EV demand in the short term.

Speaker Change #254: Cool. Thank you once again for joining us today, please contact us at the IR team for any additional questions. Thank you.

Speaker Change #194: <unk>.

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Speaker Change #196: Hydrogen type communities are put to preorder casually singular.

Speaker Change #197: However for LG display, we have differentiated product and technology portfolio focused on OLED and LTP S. L E D.

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Speaker Change #198: Obviously, it's in the end of August.

Speaker Change #199: Also based on a very stable and tight customer relationships, we are carrying our activities as planned to gain revenue and win orders.

Speaker Change #200: Critical mature two minutes and then consider getting girl starter congestion will get smaller.

Speaker Change #199: Hmm.

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Speaker Change #201: Two to tango two arm.

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It will not be able to give you any specific numbers when it comes to our revenue target, but our target for revenue on a year over year basis is to grow the revenue by mid 10% level and our.

Speaker Change #201: Spending order balance our growth rate is targeted to be similar as the growth rate of the revenue.

Speaker Change #201: Yeah.

Speaker Change #201: Okay.

Speaker Change #202: In auto <unk> play at Chinese panel, even issue itself very much through August neither indicators and when they're good competitor immuno triggered any money efficient Linda you IIT Meru electric Skip Armida confirm you that we will now close Q2 2024 earnings conference call. Thank you once again for joining us today. Please.

Speaker Change #202: Contact us at the IR team for any additional questions. Thank you.

Speaker Change #202: [music].

Yeah.