Q2 2025 LG Display Co Ltd Earnings Call
Good morning and good evening. Thank you all for joining the conference call for the LG Display earnings results. This conference will start with a presentation followed by a Q&A session. If you have a question, please press star and one on your phone during the Q&A. Now we will begin the presentation on LG Display's second quarter of fiscal year 2025 earnings results.
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Speaker Change: Purpure, they still need a good morning, and good evening. Thank you all for joining the conference call for the LG display earnings results. This conference will start with a presentation followed by a Q&A session. If you have a question. Please press star one on your phone during the Q&A now we will begin the presentation on algae.
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Hello. This is Seok Heo, the team leader of the LG Display IR team. I would like to thank everyone who attended the 2025 Q2 earnings conference call.
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In today's conference call, CFO Vice President Kim Seong-hyun, Executive Director of Management Jo Seung-yeon, Executive Director of Finance Kim Gyu-dong, Business Intelligence Team Leader Heo Woo-seop, Executive Director of Large Project Management Kim Jong-deok, Medium Project Management Officer Ahn Yoo-shin, Small Project Management Officer Baek Seung-yong, and Auto Project Management Office Director Hwang Moon-tae attended.
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Hello. I am Brian Hall. I am the leader of the IR team at LG Display. Thank you for attending the LG Display 2025 2nd Anniversary Meeting. Today, our CFO, Seonghyun Kim, will be with us. The VP of Business Management is Seunghyun Jo. The VP of Business Management is Gyudong Kim. The leader of the Business Intelligence team is Wooseok Hwa. The VP of Business Management is Kyungdok Kim. The head of Medium Display Management in Business Management is Yushin Ahn. The head of Display Management in Business Management is Seungyong Pae. The head of Auto Management in Business Management is Moon Taehwang.
Brian Hall: Good afternoon, I am Brian Hall leader of the IR team at LG display. Thank you for attending LG display 2025, and our second quarter earnings conference call joining us today, our CFO. Mr song Young Kim VP of business management, Mr. Han Joon Huh VP of finance, Mr to Dunkin' leader of the business.
Brian Hall: Intelligence team Mr. Ushakov V. P of large display planning and management, Mr. Franco Kim head of medium display plenty of management Mr. Yushin <unk>.
Brian Hall: I had a small display planning and management, Mr. Sun Jung Pak and head of auto planning and management Department, Mr Moon Paywalls.
The conference call on Friday will be conducted in a Q&A format. For detailed information related to performance, please refer to the announced preliminary results or the investor information section on our website.
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Today's meeting will be conducted in Korean and English. Please check the company-related information.
Speaker Change: Today's conference call will be conducted in Korean and English. Please refer to the disclosed preliminary earnings release or the Investor Relations section of our website for a detailed performance data.
Please read the disclaimer before the earnings announcement.
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If you are looking at imir, please read the product name and delivery note.
Speaker Change: Please read the disclaimer before the earnings presentation.
Today's earnings announcement is based on consolidated financial statements prepared in accordance with the International Financial Reporting Standards (IFRS).
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Please be informed that this material has been prepared for the convenience of investors while the audit by the external auditor has not yet been completed.
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Today's bilience Presentation includes consolidated financial figures prepared in accordance with international financial reporting standards (IFRS). Please note that the numbers are unaudited and provided for the convenience of our investigation.
Speaker Change: Today's earnings presentation is based on consolidated financial figures prepared in accordance with international financial reporting standards Ifr S. Please note that the numbers are unaudited and are provided for the convenience of our investors.
I will present the business performance for the second quarter of 2025.
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In the second quarter, there is a decline in related products due to the off-season impact on smartphone products and the termination of the LCD TV business.
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In addition, the won-dollar exchange rate also turned strong, resulting in a sales decrease of 8% compared to the previous quarter, recording 5.587 trillion won.
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A 17% decrease compared to the same period last year
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The decrease in sales was due to the base effect of the initial volume increase right after the new production of tablet OLED panels last year and the termination of the LCD TV business in the second quarter of this year.
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I will introduce the performance of the Q2 supplementary in 2025. The performance of the Q2 supplementary decreased due to the suspension of the smartphone season and the termination of the LCD TV business. Additionally, the number of patients in Korea with bills over 10,000 dollars has increased, rising by 8% QoQ to 5,587,000,000,000 won. This is a 17% QoQ increase, which decreased due to the smartphone OLED panels and the termination of the LCD TV business.
Speaker Change: Let me begin by presenting our business performance for Q2 of 2025 in Q2 shipments of products decreased due to the seasonal off peak period for smartphones and the termination of the L. E. D. T V business. In addition to Korean one U S. Dollar exchange rate turned stronger and as a result sales declined by 8%.
Speaker Change: Q2, five Julien and 587 billion Korean won this represents a 17% decline Y O Y which is due to the base effect of increased initial shipments following the new mass production of cabinet OLED panels last year and the discontinuation of the L. E. D. T V business in Q2 of this year.
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In the case of Younghap Sonic, the impact of the exchange rate due to the strong Korean won and, on the business side, the termination of the LCD TV business and the impact of unprofitable mobile panels are reflected, resulting in a deficit of 116 billion won.
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operating profit also posted a loss of 116 billion korean won reflecting both the negative impact of the stronger korean won exchange rate and business factors such as the end of the lcd tv business and seasonally weak demand for mobile panels
Speaker Change: Operating profit also posted a loss of 116 billion Korean won reflecting both the negative impact of the stronger Korean won exchange rate and business factors such as the end of the L. E D T V business and seasonally weak demand for our mobile panels.
For the cumulative first half of the year, sales were 11.6523 trillion won, and there was an operating loss of 82.6 billion won. Despite a 3% decrease in sales compared to last year, the operating profit and loss improved by 480.5 billion won.
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As a result of continuously promoting the advancement of the business structure centered on the main business, improving the cost structure, and enhancing operational efficiency
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The results of our efforts to improve the company's structure are becoming visible.
In the first half of this year, the revenue amounted to 11,652,310,000,000 won. The revenue amounted to 82,600,000,000 won. Due to a 3% reduction in revenue, the revenue amounted to 480,500,000,000 won. The revenue in the first half of this year amounted to 82,600,000,000 won.
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Speaker Change: 11 trillion and $652 3 billion won an operating loss of 282.6 billion. One despite the 3% decline in sales Y O Y operating loss improved by 485 billion won this improvement was the result of ongoing efforts to upgrade our business.
Speaker Change: Structure to the OLED centered business reduce costs and enhance operational efficiency, which are now producing tangible results for the improvement of the company's fundamentals.
The net income turned to a profit of 890.8 billion won, reflecting improvements in foreign exchange gains and losses due to exchange rate fluctuations and other gains and losses such as profits from the sale of factory shares after emphasis.
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The increase in the slope of impressions was 890.8, and LGrier there have been definite gains and other non-operating including gain on sale of our stake in the LCD plant.
Speaker Change: Net income turned positive two 898 million one driven by improved our fixed games and other nonoperating income, including the gain on the sale of our stake in the Guangzhou LCD plant.
The EBITDA for the second quarter is 1.0539 trillion won, and the EBITDA margin is approximately 19%, maintaining a margin rate of over the mid-10% range for seven consecutive quarters.
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EBITDA 422 is maintaining an EBITDA proportion of approximately 19% with 1,053,901,000,000 won. It is maintaining the proportion for the 7th consecutive week.
Speaker Change: EBITDA for Q2 stood at one Chilean and $53 9 billion, one which is with an EBITDA margin of approximately 19% maintaining a mid teen margin for the seventh consecutive quarter.
The following is the trend of shipment area and price per area. The shipment area in the second quarter decreased by 26% compared to the previous quarter due to the termination of the LCD TV business. This is in line with the guidance provided for a mid-20% decrease in shipment area.
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The following are trends regarding Sipleman and ASP's systems. In Q2, Sipleman reduced its QoQ by 26%. Due to the termination of the LCD TV business, Sipleman reduced its QoQ by about 20%.
Speaker Change: Next to the trends of shipment area and a S. P per square meter Q2 shipment area decreased by 26% Q O Q due to the termination of the L. E. D. TV business. This aligns with our guidance of around mid 20% decrease in shipment area.
In the case of price per unit area, the price per unit area increased by 32% compared to the previous quarter, recording 1056 units, due to the termination effect of the LCD TV business, which had the lowest price per unit area among the business groups, and changes in the shipment of some products within the small and medium-sized product group compared to the plan.
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As for the ASP per square meter, the figure increased by 32% QOQ to $1,056. This was due to the exit of the LCD TV business, which had the lowest ASP per area, and changes in shipment within some small to medium panel products compared to the original plan.
Speaker Change: As for the ASP per square meter the figure increased by 32% Q O Q to $1056. This was due to the exit of the L. E. D. T V business, which had the lowest a S. P perfect area and changes in shipment within some small to medium panel products compare to the original.
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The effect of transitioning to a consumer-centered business structure is emerging, and it is expected that the price per area will continue to remain at a high level compared to the past.
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OLED-focused business's transition..
Speaker Change: With the transition to an OLED focused business structure, we expect to sustain significantly higher a S P levels compared to the past.
Next, I will talk about the sales proportion by product line.
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Speaker Change: Moving on to revenue breakdown by product category.
The sales in the TV sector recorded 20%, a 2 percentage point decrease compared to the previous period. The fluctuation was relatively small, as the shipment of OLED TV panels increased compared to the previous period, offsetting a significant part of the impact from the discontinuation of the LCD TV business.
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The TV costs recorded a total of 20%, and QQ recorded 0.2%. However, the QQ costs increased due to OLED TV panel shipments, and it was greatly affected by the LCD TV business.
Speaker Change: E V revenue accounted for 20% of total sales down two percentage points Q O. Q. However, the decline was limited as OLED TV panel shipments increased Q O Q offsetting much of the impact from the L. C. D T V business exit.
In the case of the sales proportion of the mobile and other sectors, it recorded 28%, a 6 percentage point decrease compared to the previous peak season, as the seasonal off-peak panel decline reduced.
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The revenue of mobile and other companies decreased by 6%, and the revenue of companies decreased by 28%.
Speaker Change: Revenue from mobile and others declined by six percentage points Q O Q to 28% due to a seasonally weak panel shipments.
In the IT sector, the fluctuation was relatively large, recording 42%, due to the expanded decline of the LCD IT product line compared to the previous quarter, along with a decrease in the proportion of other product lines. The sales proportion of the auto sector increased by 1 percentage point from the previous quarter to 10%.
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IT tax recorded 42%, and compared to last week, reduced the cost of other products compared to LCD and IT panel shipping. The automobile tax increased from 1% to 10% QoQ.
Speaker Change: The I T segment recorded the 42%, reflecting a relatively notable increase driven by higher L. C. D. I T panel shipments compared to last quarter and a reduced share of other product categories. The automotive segment grew one percentage point Q O Q2, 10%.
The proportion of OLED products within the total sales recorded 56%, which is a 1 percentage point increase compared to the previous quarter and a 3 percentage point increase compared to the same period last year, continuing its steady growth.
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OLEC is recording 56 percentage points, up 1 percentage point QoQ and 3 percentage points YoY.
Speaker Change: The only portion of total revenue increased by one percentage point Q O Q and three percentage point Y O Y, reaching 56% continuing its steady growth.
The following are the financial status and key indicators.
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Let's now look at our financial status and key indicators.
Speaker Change: Let's now look at our financial status and key indicators.
Cash and cash equivalents for the second quarter amount to 1.666 trillion KRW. As the Gwangju plant is sold and the LCD TV business is terminated, the essential operating funds have been reduced compared to the past, and the cash level is being managed accordingly to enhance efficiency.
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Kyuha Lee, Suna Kim, DuckKong, Hyon NamKung, Dookue, Sun Ki, Jing Jihyun, Kookjin Lim, Jung Hyongil, Kim Seung Di, Eun Hyeologne, Creanti Kimsel, Yul Tik Ge, Han Yeongsuk Pemi, Kim Do Yeong, Kim Kwon Hak, Kim Yoonbaek, Shin Yeong person-names produced by Korea patronage entry leak at the end of Q2, amounted to 1 trillion and 666 billion Korea won. With the sale of the Yangchoo plant and the end of the LCD TV business, essential operating capital have decreased compared to the past. On bridge 500 satellites using daughter tower technology is being used to control three controller components from Korea Telecom and IOT to Central African countries. Total capital has decreased compared to the past and our cash level have been managed accordingly to improve efficiency.
Speaker Change: Cash and cash equivalents at the end of Q2 amounted to one trillion and 666 billion Korean won with a sale of the quantum two plant and the end of the L. E. D. T V business essential operating capital has decreased compared to past and our cash level has been managed accordingly to improve.
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The debt ratio decreased significantly by 40 percentage points to 268%, and the net borrowing ratio decreased by 19 percentage points to 155% compared to the previous period.
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The rental rate decreased from 268% to 155%, with a quarter-on-quarter change of 40 percentage points and 19 percentage points.
Speaker Change: Is that ratio stood at 268% of net debt to equity ratio at 155% representing significant decreases of 40 percentage points and 19 percentage points Q O Q respectively.
The following is the guidance for the third quarter. For the third quarter, we expect a decrease in shipment area in the low teens percentage range, due to a mix change in the medium to large product group and a reduction in the proportion of low-profit medium-sized product group.
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On the other hand, the price per area is expected to rise by around 20% due to the increased impact of the seasonal peak for small and medium-sized OLED products.
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Now, I will provide guidance for Q3. The shipment area for the 3rd quarter is expected to decline by a low to mid-single-digit percentage due to product mix changes in mid-to-large panel products and a reduction in the share of low-margin medium panel products. On the other hand, ASP per area is forecast to increase to mid-20% levels driven by a seasonal increase in shipments of small and medium-sized OLED products.
Speaker Change: Let me now provide guidance for Q3 for the third quarter shipment area is expected to decline by low to mid single digit percentage due to product mix changes and mid to large panel products and a reduction in the share of low margin medium panel products on the other hand ASP per area is forecast to increase to mid 20% levels.
Speaker Change: Driven by seasonal increase of shipments in small and medium size OLED products.
Next, we will hear from our CFO, Vice President Kim Seong-hyun.
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Now we will hear from our CFO, Mr. Chung Hyun Kim.
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Hello, this is CF Kim Sang-hyun.
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Thank you all for attending the conference call.
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First, I will talk about the second quarter performance and the outlook for the second half of the year, followed by financial elections.
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Good afternoon, this is Hongyeon Kim, the CFO. Thank you all for joining today's conference call. Following the Q2 results and our outlook for the second half, I would like to further elaborate on our financial performance.
Speaker Change: Good afternoon. This is hung on Kinder CFO. Thank you all for joining today's conference call. Following the Q2 results and our outlook for the second half I would like to further elaborate on our financial performance.
This quarter is traditionally an off-season, and factors such as the decline in the operating rate of mobile panel production lines and exchange rate fluctuations have affected performance. However, as mentioned earlier, the proportion of OLED products in sales continues to expand, and the selling price per unit area has also increased significantly, showing achievements in terms of business structure.
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Q2 is traditionally the off-season. Our performance has lowered the utilization rate of the mobile panel producing line and increased costs. However, as mentioned earlier, the OLED portfolio continues to grow. ASP is recording specific success in system models.
Speaker Change: Q2 is traditionally an all season and our performance was affected by lower utilization rates of mobile panel production lines and FX volatility. However, as has been previously mentioned the OLED portion of our total sales continued to grow and E. S P per share.
Square meter increased significantly walking structural achievement in our business model.
The background for the approximately 500 billion won improvement in operating profit in the first half of this year compared to the previous year was the business structure centered around OLED and high-end CD products.
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This is attributed to continuous cost innovation and efforts to improve operational efficiency, and the results are expected to continue in the second half of the year.
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Last year, the overlaying result of 500 billion Won more than the Dancing Dolphin combination is involved in the top-tier LCD products of the OLED business resource, soothing the industry-wide efficiency rate with plural storage. There were concerns about the ongoing influence of the overlaying combination!
Speaker Change: The approximately 500 billion won improvement and operating results for the first half compared to last year was driven by an upgraded business structure centered on OLED and high end LCD products continuous cost innovation and operational efficiency. We expect this performance improvement to continue in the second half.
Although macroeconomic uncertainty and volatility in the trade environment will continue, our company will unwaveringly pursue strategic tasks to strengthen our fundamental competitiveness, such as transitioning to an OLED-centered business structure, differentiating technology, enhancing product quality levels, and innovating costs, and we will prove this through our achievements.
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Despite ongoing economic uncertainty and inequality, we will enhance strategic improvements from our strategic talents regarding OLED, technological differences, product quality enhancement, and cost innovation, and deliver performance effects.
Speaker Change: Despite ongoing macroeconomic uncertainties and the volatility in the trade environment, we remain firmly committed to our strategic initiatives business restructuring around OLED technological differentiation product quality enhancement and cost innovation, which will strengthen our core competitiveness and translate into performance outcomes.
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In particular, the second half of the year is expected to see a sharp rebound in performance with expanded results across both large and medium-sized OLED business groups, and the extent of performance improvement is also expected to expand compared to the third quarter.
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In particular, it is expected that the cost will be broader in the second half compared to the first half. Performance expansion is the second largest, utilizing small, medium OLED panel vistas.
Speaker Change: In particular, we expect a steep rebound in performance in the second half with broader profit improvements compared to the first half driven by performance expansion across both large and small and medium OLED panel businesses.
In addition to business performance, the improvement of the financial structure, such as the early repayment of loans and the reduction of borrowings, is also progressing at a faster pace than initially planned.
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We have achieved the total borrowing target of 13 trillion won proposed in the corporate value enhancement plan ahead of schedule, and we plan to continue improving our financial structure by improving cash flow through the sale of the Guangzhou LCD TV factory, expanding operating performance in the second half of the year, and further reducing borrowings by the end of the year.
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Speaker Change: In addition to the business performance our efforts to improve the financial structure, such as early loan repayments and debt reductions are progressing ahead of plan. We already achieved our total debt reduction target of 13 children. One level early as set out in our corporate value up a plan.
Speaker Change: At the end of last year, we will continue to improve the financial structure through cash flow enhancement with various actions such as the sale of the Guangzhou LCD TV plant and expansion of second half operating profit, while further reducing debt by the year end.
Next, I will discuss the plans and strategies for the business areas.
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In the case of the small mobile business, panel shipments are expanding every year based on enhanced production capabilities, and achievements are particularly notable in the high-end product segment.
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We will continue to strengthen our business performance by rebuilding core competencies such as quality and cost, based on differentiated technological competitiveness.
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Now, let me explain the plans and strategies of each company. The small panel mobile system is a panel system that grows every year, and we are strengthening our production capacity with strong performance, especially in high-performance systems. In the future, we plan to enhance competitiveness, quality, and cost. We plan to further strengthen corporate performance based on technological differences.
Speaker Change: Let me now walk you through the plans and strategies for each business segment and the small panel mobile assessments. All panel shipments are growing each year backed by our in house production capabilities with strong performance, particularly in the high end segment going forward, we will continue to strengthen our competitive edge in quality and cost based on differentiator.
Speaker Change: Technology to further drive business performance.
In the case of the IT OLED sector among our core businesses, we plan to respond to new high-end market demand centered on tandem OLEDs, which have differentiated value in terms of low power consumption, location, and high precision. We also plan to systematically prepare for the OLED transition demand that will spread across IT devices in the future.
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In the future, we will further solidify our leading position in the market based on the technological leadership and stable mass production competitiveness that our company has accumulated.
Absolutely.
Speaker Change: To conclude this call.
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We will actively respond to the changing environment.
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The medium panel IT OLED tax will respond to the new rising market demands with tandem OLED. It is known for its low electricity consumption, long production life, and brightness. There are plans to systematically prepare a system for transitioning to OLED through IT technology. By enhancing technical expertise and production capacity with mass-producing technology, we will strengthen market expertise and respond intensively to the changing environment.
Speaker Change: In the medium panel idea OLED segment, we will address new high end market demand with tandem OLED is known for its a low power consumption long lifespan and high illuminates. We'll also plan to systematically prepare for a broader transition to OLED across IP devices with our accumulated technological leadership and stable mass.
Speaker Change: <unk> capabilities, we will continue to strengthen our market leadership and respond proactively to a changing environment.
Speaker Change: Yeah.
The IT LCD division aims to strengthen collaboration with global top-tier clients in the B2B and high-end sectors, leading the market based on differentiated high-end LCD technology.
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In particular, we will work to improve profitability by reducing the proportion of low-profit products and engaging in structural cost innovation activities.
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In the IT LCD tax, we aim to strengthen LCD technology through the global top-tier market's B2B and high-end sectors. In particular, we will utilize specific cost innovations to reduce low-cost products.
Speaker Change: And the I T. L. C D. Seckman, we plan to strengthen partnerships with global top tier market, leading customers in the b to B and high end sectors based on differentiated high end LCD technologies, particularly where you will continue to improve in profitability by reducing the proportion of low margin products and engaging in structural cost innovation.
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In the case of large-scale businesses, although the LCD TV business has ended, the differentiated competitiveness of OLED TVs is highly recognized in the market, so we expect business performance to continue to expand.
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Furthermore, as the growth trend in the gaming monitor market continues, the mid-to-long-term market outlook is expected to be positive.
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By solidifying our leadership in the premium market with a diverse lineup of OLED panels that hold societal values, we will continue to strengthen our profit structure through cost improvement efforts for enhanced profitability and flexible and efficient operational strategies.
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In the large panel tax, although the LCD TV business has ended, I think OLED TVs have become renowned for their competitive differences. These differences will continue to drive industry performance. The gaming monitor market is also expanding. The mid and long-term market outlook is good. We will strengthen our leadership in the premium market. There is differentiated value with a diverse OLED panel lineup.
Speaker Change: And the large panel segment, although the L. C. D. TV business has ended OLED TV is widely recognized for its competitive differentiation, which we expect will continue to drive business performance with a gaming monitor market also expanding the mid to long term outlook is positive we will solidify our leadership in the premium mass.
Speaker Change: With a diverse OLED panel lineup with differentiated values and at the same time strength or our profit structure through cost improvements and flexible efficient operation strategies.
Next is the auto business sector.
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The increasing adoption rate of in-vehicle displays and the acceleration of larger display sizes are positive for the future market outlook.
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Although competition between companies will emerge, our company has a solid market position and offers ultra-large, high-definition, reliable, and durable products.
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And we plan to create differentiated customer value based on innovative technology and product competitiveness that enable low power consumption and various form factors.
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Finally, in the automotive sector, the increased performance of synthetic displays will aid the growth of the future market. When competition is expected, we will provide large-scale products with simple market positioning, innovative technology, and product competitiveness, offering large size, high resolution, durability, strength, and various forms.
Speaker Change: Lastly, in the automotive segment, increasing adoption in larger sizes of in vehicle displays are positive indicators for future market growth. While competition is expected, we will deliver differentiated customer value through our solid market position innovative technologies and product competitiveness, including ultra large size.
Speaker Change: High resolution reliability durability, low power and diverse form factors.
Finally, I would like to talk about investment information.
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The party is maintaining an investment-focused CAPEX execution policy for future preparation and business structure enhancement.
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In June, there was an announcement of new investments to prepare for new OLED technology, but as investment efficiency activities are ongoing, KFX is expected to be at the same level as last year, in the early 2 trillion won range.
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Lastly, let me talk about our investment activities. Our CAPEX strategy focuses on future readiness and strengthening our business structure. In June, we announced an investment in preparing new OLED technology. However, efforts to improve investment efficiency are ongoing. This year's CAPEX is expected to be lowered from 2,000,000,000,000 to 1,000,000,000,000.
Speaker Change: Finally, I would like to speak on our investment activities, we are maintaining our capex strategy centered on future readiness and business structure enhancement in June we announced an investment for new OLED technology preparation, but we continue our efforts to improve investment, especially efficiency as such our Capex for this year is expected to.
Speaker Change: In the low two trillion won range similar to last year.
Speaker Change: Yeah.
In the future, investments will be carefully decided while making the most of the current infrastructure, and new investments will be executed with profitability as the top priority.
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In the future, we will utilize our existential Influence Studio and focus on making prudent investment decisions. New investment decisions will be executed efficiently with top-tier standards.
Speaker Change: Going forward, we will maximize the use of our existing infrastructure and make careful investment decisions new investments will be executed with profitability at the top priority.
Thank you.
Peter: It comes from Peter Thank you very much.
Yes, this concludes the presentation of the key performance results for the second quarter of 2025. Next, we will have a Q&A session. Operator, please provide the instructions for the Q&A.
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He announced LG Display's Q2 2025 earnings results. Now, let's move on to the Q&A session. Please provide an explanation for the Q&A.
Speaker Change: So that concludes the presentation of LG displays Q2 2025 earnings results now I'll move on to the Q&A session. Operator, please provide instructions for Q&A.
We will now begin the Q&A session. If you would like to ask a question, please press the star and 1 on your phone. To cancel your question, press the star and 2. For a smooth meeting, please limit your questions to two per person. The Q&A session is now starting. If you would like to ask a question, please press the star and 1. To cancel, press the star and 2. To provide as many Q&A opportunities as possible within the regulated time, please limit each participant to 2 questions.
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Speaker Change: Well not on page, namely high all tumor and then helping them to gradually NATO protectory meter now Q&A session will begin.
Press Star one that is star one if you have any questions questions will be taken according to the order you have pressed the number starwood for cancellation. Please press star two that is starting to on your phone.
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.
The first question will be provided by Dongwon Kim from KB Securities. Please go ahead with your question.
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Speaker Change: The first question will be provided by Donlin Kim from Kb Securities.
Speaker Change: Please go ahead with your question.
Yes, thank you for the question. I have two questions regarding OLED and performance.
Speaker Change: Yeah.
Speaker Change: And so on and then I'll, let you off so it's a question of antibody demand.
Regarding the OLED new technology investment announced last June, please explain the specific details and application scope of the OLED new technology you are currently preparing. The next question is, amid increasing regulatory uncertainty and exchange rate volatility, what level of improvement in performance does the company expect in the second half of the year?
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Speaker Change: My name is from Kb Securities. Thank you very much for giving me this opportunity to ask one question. My question has to do with OLED as well as your.
This is Kim Dong-won. Thank you for joining KB Securities. Thank you for the opportunity to ask my question. My question is about Ollet and your future corporate performance. In June, you announced a new technology-related investment in Ollet. What are the specific contents and application levels of Ollet's new technology? My first question is about the specific contents and application levels of this technology. My second question is about the investment-related uncertainties and the ongoing investment-related uncertainties. In this situation, do you expect the performance to improve for the second time?
Speaker Change: Future business performance. So our in last June you have disclosed a new owned eight technology related investment.
Speaker Change: And so.
Speaker Change: What is the specific content and application scope of the OLED technology that the company is currently working on that is my first question. My second question has to do with the fact that to tariff related uncertainties are growing and also theres continuing exchange rate related volatility and this situation to what extent do you expect performance.
Speaker Change: To improve in the second half thank you.
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The things we have continuously mentioned are
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We will focus on the market and OLED.
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Yes.
Hello, I am the CFO. Please feel free to ask questions. We are moving away from the LCD business and focusing on the OLED business.
Speaker Change: So I'm the CFO, let me take your question. So what we have continuously communicated to the market was that we will be shifting away from LCD business and will be increasingly focused on the OLED business.
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Speaker Change: Yeah, Okay. Good.
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During the first half of this year
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Disposed of it.
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The representative appeared and the restaurant exhaust part of that plan in the first part of this year, and we have sold our stake in China's TV LCD plan.
Speaker Change: And as part of that plan in the first half of this year, we have sold our stake in India, and China as a T V LCD plant.
And then, the measures regarding Exiree have been disposed of in that way. Next, we will consider how to strengthen OLED.
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Speaker Change: So going into Q1.
Adrian: Okay. Another question Adrian.
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We have resolved the LCD business like this, now we need to provide an answer on how to strengthen the OLED business.
Speaker Change: And so that is how we have.
Speaker Change: Dealt with the LCD business and now the Astro has to come forward of how we will strengthen our OLED business.
As you may well understand, the reason we withdrew from the LCD business is that we no longer have the technological competitiveness.
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It is judged that we are not in a favorable position.
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It can be seen that LG no longer holds a competitive edge in LCD technology.
Speaker Change: As you are probably well aware the reason we have withdrawn from the LCD business is because we have determined that we no longer have competitive advantage when it comes to the LCD technology.
The reason we are focusing on OLED while advocating for business structure advancement is that the ability to secure future technology capabilities is still important.
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We are superior to our competitors.
Speaker Change: So I'm going to deal with them one of them underneath.
The reason we continuously change our technology in a sustainable way is to continuously sustain our technology in a sustainable way.
Speaker Change: The reason why we are shifting toward a more advance in OLED centered business structure is because we have concluded that our ability to secure future technology is as of yet still superior to our peers.
So, the new OLED technology we announced this June
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Continuously with competitors
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In the direction of maintaining a technological gap
Speaker Change: Could you check in kiosk reduce you I'll give you an opinion on it.
I would like to say that this was a strategic investment.
Speaker Change: So lots of interest from investments.
We participated in the investment announced in June this year and planned to build new OLED technology. To maintain technological differentiation from our competitors, we participated in investments aligned with our strategic direction. And I remember mentioning a total amount of 1.26 trillion won.
Speaker Change: And so our investment that was disclosed in June this year to secure a new OLED technology Ah was part of our strategic direction to maintain this technological gap with our competitors.
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Since the investment period will continue for about two years until the first half of 2027
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Currently, the financial aspects have improved significantly, and the performance has also improved.
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I judge that it is not at all burdensome.
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It was unveiled last June, and the investment amount will reach 1,260,000,000,000 won. The investment amount will range from 1,520,000,000 won to 2,027,000,000 won over the next two years. Our economic structure is very developed, and I do not believe it will continue to develop. The investment amount is not burdensome.
Speaker Change: And we have announced back in June that the total investment amount will come to one Chilean and 260 billion won and this investment will be executed over the next two years until the first half of 2027, because our financial structure has been very significantly improved and because our performance.
Speaker Change: We will continue to improve going forward, we do not believe that this amount is burdensome.
Yes, well, I have explained the meaning of that investment and in which aspects.
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You asked about what techniques we will employ, and I would like to tell you, but due to security issues...
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There are various limitations that arise in this area.
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I ask for your understanding as it is a bit difficult to speak about this publicly.
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I asked a question regarding the significance of this investment. I would like to ask about which field this investment will go into and whether new technology will develop. I want to disclose this information, but I cannot disclose it due to personal reasons and other regulations.
Speaker Change: So I have just explained the significance of this investment and I think your question pertained to which area. This investment will go into and what kind of new technologies will be dissolved I would like to disclose that information. However, due to confidentiality reasons as well as other limitations not in a position to share that inform.
Speaker Change: Nation. So please we ask for your understanding in that regard.
The next question you gave me is
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By the end of this year, to some extent
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Can we expect performance from Lee Jun-hee?
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First, we will import the business plan and for one year
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The result of the efforts to achieve the business plan is
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The second question is about what growth effects can be expected by the end of this year. My answer is that we design our business plan from the start of the year and strive to achieve that plan throughout the year. This is our year-end business plan.
Speaker Change: The second question has to do with the extent of the performance improvement that can be expected till the year end of this year and my answer is that I'm sure you're well aware of that are in the beginning of the year, we establish our business plans and throughout the year, we make efforts to achieve that business plan.
Speaker Change: That becomes our annual business results.
Yes, for the content up to the first half of the year
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At the beginning of the year, this year definitely
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First of all, let me talk about the performance up until the first half of the year. At the beginning of the year, we announced our commitment to turning around into profit total for the full year of 2025.
Speaker Change: First of all let me talk about that the performance up until the first half of the year at the beginning of this year, we have announced our commitment to turn them around into the profit for the full year of 2025.
To achieve the plan I mentioned to you, we will proceed with the project I talked about earlier...
Speaker Change: Got it.
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The current business plan is
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Speaker Change: Okay Glen.
If we evaluate the results up to the first half of the year, they are better than we expected.
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We have implemented the company's business plan to keep our commitment to this plan, and we have made efforts towards the goals set in the business plan. If we review our performance over the past year and a half, in fact, it exceeds our overall expectations.
Speaker Change: Also in order to keep our promise to you about this are planned we have established our company business plan and we have made efforts to achieve the targets that were set out in the business plan. If we make an assessment about our performance until the first half of the year well it is actually exceeding them.
Speaker Change: Our initial expectations.
We intend to continue that policy in the second half of the year as well. As of now,
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Mitchell.
Speaker Change: Yeah.
Our goal is to continue the trend in the second half of this year. So far, this trend has been well maintained.
Speaker Change: So our intention is to continue this trend until the second half of the year and up until now.
Speaker Change: And it's been well maintained.
In the first half of this year, we achieved an improvement in performance of about 500 billion compared to the previous year.
Speaker Change: Whereas sunburned, Yes, Korea, or China oxygenated, she took us on return on the Bureau.
Speaker Change: Excellent.
Compared to last year, a performance of 50 billion won was achieved in the first half of this year.
Speaker Change: Oh I have already noted that compared to last year, we have been able to post a performance improvement a 500 billion won in the first half of this year.
In the second half of the year, in proportion to sales, to that extent proportionally.
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Shimon: Shimon and talk to us to learn English.
And secondly, is it possible for a stock to have unlimited suspension if it deliberately commits a penalty in the supply visible for a week?
Shimon: And in the second half as well a proportional to all the revenues that we will be achieving a I think a level similar to that can be expected by the year end.
Ricardo: Chosen courtesy to Ricardo please.
We will strive to present a strong performance.
Ricardo: We will make an all out effort in order to ensure that our strong performance is delivered.
Yes, let's take the second question.
Ricardo: There are two months into the moon throw against me, though.
Ricardo: We will now receive the second half.
The next question will be from Sowon Kim of Kiwoom Securities.
Speaker Change: Parallel with human error to shape and then jumps in connections on you mean, neither the following question will be presented by sung Kim from <unk> Securities. Please go ahead with your question.
Hello. This is Kim Dong-won from KMT Con. Thank you for the late opportunity. I have two questions regarding small to medium-sized OLEDs. The first question is about mobile OLEDs. There are news reports that a domestic company will handle the initial production volume of panels for Obex's new model in the second half of the year, while there are also reports that a Chinese competitor will be involved. Could you explain the outlook for the smartphone business in the second half of the year and whether the mobile panel output can grow compared to last year? Secondly, I am also curious about the forecast for OLED panel shipments for tablets this year. Is there any change in market demand, and is there any change in the shipment target compared to last year? Thank you.
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Kim So-yeon, Kyunho Security
Speaker Change: This is Kim from <unk> Securities. Thank you very much for this opportunity to ask my question.
The second half will be produced by a Korean company, and other companies are expected to be produced by Chinese companies. What is the second half of the smartphone business? Every year, mobile panel shipments are increasing. Can we expect more opportunities this year? This is my first question. My second question is, what is the outlook for OLED panel shipments in 2025? Can the market growth and changes in system goals be compared to this year?
Speaker Change: Okay.
Speaker Change: News Oh, that's a Danish batches for panels for customers New smartphone models in the second half will be produced by a Korean company, while others say that a Chinese company will be handling the production. So what is a Z our second half outlook for the smartphone business and every year the mobile panel shipments increase.
Speaker Change: <unk> can we expect a further growth opportunities this year as well that is my first question. My second question is.
Speaker Change: What is the shipment forecast for the OLED panels for tablets in 2025 are there any changes in market demand and has to shipment target changed compared to last year.
This is Baek Sun-yong from the Planning Department of the Assembly.
Speaker Change: We don't get called in.
Speaker Change:
The smartphone business is strengthening its influence across the overall areas of technology, production, and offline sectors of the parties involved.
Speaker Change: Smartphones also in times like these things are not pushing as well.
Speaker Change: And then in Colorado.
Please continue to expand the results.
Speaker Change: So I'm glad it is October doctor knows.
Although the variability of the macro environment, such as this tariff issue, continues, we are operating stably without significant changes to our existing plans and business goals.
Speaker Change: The answer is you don't have them going up and also an introductory slow kettle and Cape Cod.
Speaker Change: And obviously I don't know what are we doing about womens.
I am Sung Yong-baek. I am the chairman of LG Display Planning & Management. Please feel free to ask questions. The smartphone industry is further strengthening technology, production, and operations. Especially, the U.S. tariff system continues. We are not unprepared for our artificial plans and business objectives.
Speaker Change: Oh This is Jonathan young Tech on the ahead of the small display planning and management Oh, Let me take your question. The smartphone business continues to show expanded performance as our capabilities across technology of production and operations are further strengthened although the volatility in the external environment, such as U S tariff issue.
Speaker Change: Continues we are stably managing operations without major deviations from our initial plans and business targets.
Despite being a seasonal off-peak period, there is a significant volume growth of over 20% compared to the previous year.
Speaker Change: I'm going to you've Gotta catch up piece will give me a little while ago and then Debbie you mean, sometimes of course, how long are those models.
In the second half of the year, we plan to expand the volume centered on new models, so the annual performance is expected to improve compared to the previous year.
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Speaker Change: I'm glad I didn't.
We have achieved a meaningful delivery growth rate of over 20% compared to the first half of this season. In the second half, we plan to deliver more, focusing on new models, and aim to increase the growth rate from last year's 4th anniversary.
Speaker Change: Despite the seasonal off peak in the first half we have achieved a meaningful shipment growth of more than 20% Y O Y. We're also planning to increase volumes are centered on new models in the second half and thus expect to outperform last year's full year performance.
It is for our company to directly mention the supplier's capabilities and business status.
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Our company is continuously strengthening quality competitiveness, reducing costs, and preparing for future technologies. We are securing stable performance in response to competitive situations.
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Speaker Change: And I'm doing something quite off late August.
We will not make claims about the features or operational status of other providers. However, we will strengthen our quality competitiveness, prepare for future technologies, and respond to the competitive environment.
Speaker Change: It would not be appropriate for us to directly comment on the capabilities of our business status of other suppliers, but for.
Speaker Change: For ourselves and we will continue to strengthen our quality competitiveness steadily reduced cost and prepare for future technologies. So that we can respond to the competitive landscape and maintain stable business results.
Regarding OLED tablets, last year we had to adjust our internal targets and market expectations due to the downturn in the global IT market.
Speaker Change: I bought a little color, that's unknown Janata and global I T shirt and putting it in a young at all they will move to wash it out and see that sort of hurt us.
This is about tablet OLED panels. The sluggishness of tablet OLED panels, the global IT market, and last year's shipment of tablet OLED panels in relation to our internal goals and market outlook.
Speaker Change: With regards to the tablet OLED panels, all due to the sluggish global I T market last year shipment of tap into OLED panels fell short of both our internal targets and market expectations.
Although the recent macro environment is somewhat unfavorable for the sale of high-end products, in the case of tablets and OLED products, there are specialized differentiators such as low power consumption, long lifespan, and high resolution, so market interest and demand are expected to continue.
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In the current macro environment, it is relatively difficult to sell high-priced products, but tablet OLEDs offer advantages such as low power consumption, long usage time, and high brightness. This is expected to continue according to market interest and the demands of businesses.
Speaker Change: A lot of the current macro environment is somewhat unfavorable to a high end product sales our tablet OLED offer distinct advantages such as low power consumption longer lifespan and high brightness, which are expected to continue tracking market attention and consumer demand.
Accordingly, the parties expect that panel shipments will increase compared to the previous year, and Gadeuknol is also expected to rise compared to the previous year.
Speaker Change: Yes.
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The panel and related costs have been reduced more than expected, especially considering that it is useful to compare with 2020.
Speaker Change: So accordingly, our panel shipments are expected to increase Y O Y and utilization rate is also expected to rise compared to last year.
We ask for your understanding that it is difficult to mention specific details regarding the supply targets and outlook for each model's panel, as this information is related to our clients.
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Speaker Change: Okay.
Information regarding specific goals for the purchase model of the panelists and reliable customer information about the expected market supply is not disclosed.
Speaker Change: We'd like to ask for your understanding that specific targets for a panel supply by model unexpected market share involve confidential customer information and thus cannot be disclosed.
The party will continue to maintain its position as a first vendor in the market due to its differentiated technological competitiveness secured by Tenderworld, and will actively respond to market benefits by continuously differentiating its products based on its long-accumulated technological leadership and competitiveness.
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However, we have expanded our technological competitiveness in the tandem OLED space, and we will continue to maintain our position as the first seller in the market. Our long-standing technological leadership and competitiveness are the foundation for the continued expansion of our products. We will also actively reflect the demands of the market.
Speaker Change: However, we have secured a differentiated technological competitiveness in the tandem OLED space and we will continue to maintain our position as the first vendor in the market. We're going to continue pursuing product differentiation that is based on our longstanding technological leadership and competitiveness and actively respond to market demand.
Yes, let's move on to the next question.
Speaker Change: The top 10 of them through August me, though.
Please ask the next question
Speaker Change: We won't see the next question.
The next question will be from Kwon Min-kyun of SK Securities.
Speaker Change: Tangled autoimmune Ultrashape S gauging going there can mean to me that the following question will be presented by thank you Kwon from SK Securities. Please go ahead with your question.
Yes, thank you for giving me the opportunity to ask questions. I have two questions regarding IT demand and the medium-sized LCD sector. The first question is about IT demand. It seems that macro uncertainties, such as tariffs, are still ongoing. In this situation of uncertainty, I would like to know if there are any noticeable changes related to the recovery of demand for IT product lines. Secondly, if the current situation continues for a long time, what would be LG Display's operational plans, strategic direction, and profitability management measures for the medium-sized LCD business? Thank you.
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Thank you for giving me this opportunity. I have two questions. Firstly, is there any new development in IT demands due to ongoing macro-level uncertainties like the terrace? My second question is, if the current situation extends, what role does LG Display's operational plan and strategic direction play in the medium panel LCD business, and how does the company plan to manage its competitiveness? Thank you.
Speaker Change: Thank you very much for giving me this opportunity to ask my questions. My questions are twofold first given the macro level uncertainties, such as tariffs still persist are there any new developments regarding a recovery in I T demand. My second question is if the current situation becomes protracted what is LG displays operational plan as stretch.
Speaker Change: He just direction for the medium panel LCD business and how does the company plan to manage profitability. Thank you.
Important planner in charge, Ahn Yoon-soo
Speaker Change: Okay.
Speaker Change: This gives me though.
The demand for medium-sized products is expected to see slight growth in the low to mid-single digits for both sets and panels this year.
Speaker Change: I want to pause here and what does it to me a partner who would do that.
Speaker Change: That's helpful.
Speaker Change: There's always a meter.
The types of negative growth are positive, but we still judge that the uncertainty of the external environment is high, so the volatility of blood transfusion is still considered high.
Speaker Change: Some of that nature.
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Hello, this is Yushin. I am the head of Medium Display Planning & Management. Please feel free to ask questions. The demand for medium-sized panel products is expected to gradually increase this year. The demand for panels is expected to increase in intermediate increments. The end of negative growth is positive. Due to continued uncertainty in the external environment, positive demand has increased.
Speaker Change: Oh, good afternoon distribution and ahead of our medium display planning and management, let me take your questions.
Speaker Change: So the demand for a medium size panel products are expected to grow slightly this year with both our second panel demand projected to increase in the low to middle single digits well at the end of negative growth is a positive sign but we do believe that demand volatility remains high due to the continued uncertainty in the external environment.
Although there are differences in demand and sales situations by product line and customer, the company plans to operate its business focusing on the B2B and high-end sectors in the LCD area, strengthen partnerships with top global customers, and at the same time, closely monitor the demand growth and transition speed of OLED for each product line to systematically prepare for the future.
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demand and sales conditions vary by product category as well as by customer but in the LCD segment, we are focusing our business operations on B2B and high-end areas, strengthening partnerships with top tier global customers. At the same time, we are closely monitoring the growth and transition pace of OLED demand across each product category and systematically preparing for the future.
Speaker Change: Demanded sales conditions vary by product category as well as by customer, but M. D. L. C. D segment, we are focusing our business operations on B to B and high end areas strengthening partnerships with top tier global customers at the same time, we are closely monitoring the growth and transition.
Speaker Change: That's all that demand across each product category and systematically preparing for the future.
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We will actively respond to market opportunities in each product area based on our technological capabilities, which have distinctive strengths.
The recommendations of individual citizens, including the compatibility area, are only observed at the Neji stage. According to our development capabilities, which are well-recharged with quick distancing, there are various upside attractions.
Speaker Change: We believe replacement demand and opportunities such as AI P. CS are still valid and we will actively respond to market opportunities in each product area based on our differentiated technological strength.
In terms of profitability, we expect the profitability of our medium-sized business to gradually improve, with last year being the lowest point.
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As I mentioned earlier, there is no significant change in demand, but in the LCD sector, we are rationalizing our product lineup by reducing the proportion of low-demand products and operating our business centered on top global customers. In the medium-sized OLED sector, we expect to improve demand to a meaningful level this year by expanding panel shipments compared to last year, based on the differentiated competitiveness of OLED.
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The competitiveness of the medium panel business is expected to gradually improve based on last year's standards. Although there have been no significant changes in the market, the product lineup in LCDs is being defined, and low-cost products are being reduced, with a focus on global customers. The medium panel OLED segment is developing to a meaningful level of competitiveness this year, and is increasing panel shipments in a way that captures this year's competitiveness.
Speaker Change: Regarding profitability, we expect the profitability of our medium panel business to improve gradually with last year, marking the bottom as has been mentioned, although there has not been any significant changes on the demand side, we are rationalizing our product lineup and DLC D area by reducing the proportion of flu.
Speaker Change: Our margin products and focusing on top tier global customers and the medium kind of all of this segment, we anticipate improving profitability to a meaningful level. This year by increasing panel shipments compared to last year and leveraging OLED differentiated competitiveness.
Although the profitability of the recent IT business has deteriorated compared to the past, we plan to improve profitability by intensively promoting cost innovation activities and expanding performance in the B2B and high-end product areas based on the differentiated competitiveness of high-end LCD technology such as IPS Oxide and tandem OLED, which have strengths in high latitude, low power consumption, and long lifespan.
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Although the competitiveness of recent IT companies has weakened compared to the past, we are strengthening our competitiveness with relatively competitive LCD technology, including IPS, Oxide, and Tandem OLED technologies. These technologies have high light competitiveness, low energy consumption, and high production volume. We aim to expand our competitiveness into high-product regions through B2B.
Speaker Change: Although recently the profitability of the business has weakened compared to the past we are intensifying our cost innovation efforts and leveraging our differentiated competitiveness in the high end LCD technologies like I P S and oxide as well as in the tandem OLED, which offers advantages in high luminance.
Speaker Change: Low power consumption and long lifespan to expand our performance in B to B and high end product areas and thereby improve profitability.
Yes, we will take one more question.
Speaker Change: Yeah.
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Last question, please.
Speaker Change: We will receive one final question.
The last person to ask a question is Jimmy Yoon from UBS.
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Jimmy <unk>: Our last question will be presented by Jimmy <unk> from UBS. Please go ahead with your question.
Speaker Change: Okay.
Yes, thank you for giving me the opportunity to ask a question. I have a question regarding the large OLED business. How do you see the annual sales outlook for large OLED panels this year, and has there been any change compared to the beginning of the year? Could you share your views on the current profitability and outlook? There seems to be some concern about pricing pressure due to tariff issues; could there be any changes in your pricing strategy? Lastly, you briefly mentioned the opportunities for OLED monitors earlier; could you share your expectations on the current and future contribution levels?
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Hello. My name is Kim Yoon. Thank you for giving me the opportunity to ask my questions. I have two questions. The first question is related to looking at the price of large OLED panels in 2025. What changes have there been since the start of this year? The second question is about OLED monitors. You briefly explained this part in your presentations. What are the opportunities for OLED monitors, and what is the current and future foundation of OLED monitors?
Jimmy <unk>: So I have Oh. Thank you my name is Jimmy using from USB. Thank you for this opportunity to ask my questions I have two questions. The first question has to do with your full year outlook for sales of the large OLED panel in 2025 has there been any changes to the.
Jimmy <unk>: The beginning of the year business plan that you have established and my second question has to do with your OLED monitors I think you have I briefly mentioned this earlier in your presentation, but what are the opportunity factors for OLED monitor and what is the current and future contribution levels.
Jimmy <unk>: <unk> of all it monitors thank you.
Performance Planning Manager Kim Jong-un
Jimmy <unk>:
Jimmy <unk>: Okay.
First, regarding the sales outlook for large OLEDs, including OLED monitors
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US Tariff Issue
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The current shipment status of OLED panels is proceeding according to our company's original plan without significant changes.
Jimmy <unk>: And will it opinion or trucks and things how long. So you say you don't get it all come to indoor positioning doing this time either.
Therefore, we currently expect that our annual fan sales will increase to around the mid-6 million range compared to the previous year.
Jimmy <unk>: But does it hinder you somehow get on the young guns, a pinner, it's running so and then they've been in some pocket in mandates from London.
Jimmy <unk>: No.
Good morning. I am Kim Jeongdok. I am the VP of LG Display. I will ask a question. I will talk about the prospects for the use of LARGE OLED panels and monitors. In the complex overseas environment, including the U.S. tariff issues and other macroeconomic factors, our shopping for LARGE size OLED panels is being isolated with more than three times the national grant compared to the general aviation costs in 2020. Additional records show that SUP is meta... LAUGHING two November... experience.
John Doe: Good afternoon. This is John Doe came under V. P of large display of planning and management. Let me take your question. So with regards to the sales outlook for our large OLED panels and monitors.
John Doe: Despite a volatile external environment, including the U S tariff issue and other macro economic factors are of large size OLED panel shipments are proceeding. According to the original plan without much deviation and annual shipments are expected to reach the mid $6 million.
John Doe: Ain't an increase over the previous year.
John Doe: Yeah.
Regarding price, the market recognizes that OLED has a somewhat differentiated value compared to LCD.
John Doe: I give credit to an insulin or living in LCD Tvs.
John Doe: Got it understood.
John Doe: How long ago.
The price acceptability aspect is also currently approaching a range that is acceptable in the market.
John Doe: I guess, assuming some window.
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Oh goodness.
John Doe: The weakness was.
Therefore, we have OLED TVs and monitors...
With that I will leave the T V.
John Doe: Paul.
Not only are all panel shipments increasing, but also set sales are expanding compared to the same period last year from both sides.
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John Doe: Okay doing is telling me that.
Recently, in addition to TV fans, gaming products have been the focus.
John Doe: Second there is an NPV printer at all.
John Doe: For emerge.
We also consider OLED monitor products to be quite important...
John Doe: What little literature promoter you got them.
John Doe: How long ago.
This year, our company shipped large OLED fans among the total.
John Doe: What are the things that they only depend on them to the tune Susan yourself Murrieta, if he's only 6%.
The proportion of monitors will exceed 10%.
Chris: Hi, Chris.
John Doe: Yeah.
Compared to LCD, the price of OLED panels is being recognized in the market. The price is increasing to be acknowledged. Therefore, OLED TVs and monitors are continuously growing. They are growing not only in the panel market but also in the overall market. According to recent TV panel data, the supply of OLED monitors has increased significantly. This year, the supply in the OLED panel market is recording over 10%.
Speaker Change: And in relation to price compare to L. C. D E D differentiated value of all the panels is being recognized in the market and in terms of all players acceptability of the prices are approaching an acceptable level, increasing their overall appeal and so as a result booth.
Speaker Change: Other Tvs and monitors are seeing continuous growth not only in panel shipments, but also inside sales as well recently in addition to TV panels are the share of OLED monitor products, especially gaming monitors has significantly increased we expect the proportion of monitor products within our total large.
Speaker Change: Flat panel shipments this year to exceed 10%.
Next, I will talk about profitability.
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Jim: Thanks, Jim.
It is repetitive, but above all, we are focusing on establishing a cost structure that can generate stable profits regardless of changes in the external environment.
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Therefore, the large-scale business is transitioning its business structure to focus on OLED in response to the competitive situation.
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Cost innovation activities for enhancing profitability
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Now, it's about economic performance. Once again, I say that the most important factor is the cost structure and internal operations that can maintain safe economic performance. Therefore, we focus on OLEDs that respond to competition in the structure of our large panel companies and maintain cost innovation.
Speaker Change: Now regarding profitability. Although this has been said time and again, let me repeat this once again, we believe the most important factor is to establish a cost structure and internal operations that can ensure stable profitability. Despite any changes in the external environment. So accordingly, we are shifting the structure of.
Our large panel business to focus on OLED in response to competition and are making significant efforts toward cost innovation to enhance profitability.
Speaker Change: Okay.
To improve future business profitability, we will enhance the competitiveness of our OLED products.
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Diversification of distribution, in addition to that, now with high intensity
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Sun Kim, Dongwon Kim, Won Chung, Min Seung, Suk Heo, Unknown Executive, Kyuha Lee, Hyon NamKung, Sun Kim, DuckYong Kim, Kim So, LG Display
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President Moon Jae-in
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Speaker Change: And then similarly.
It's a bit difficult to directly mention the profitability of individual businesses, but in the future, the large OLED business will have a solid partnership with top-tier global customers.
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Speaker Change: One partnership.
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To achieve stable performance
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We plan to proceed as planned.
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In order to enhance the competitiveness of the project panel business, it is necessary to strengthen the competitiveness of the Olive Project and diversify its lineup. To achieve this, strong cooperation through a global positioning system is required.
To improve the profitability of the large panel business going forward that we're not only strengthening the competitiveness of the older products, but we're diversifying our only product lineup and also carrying out aggressive cost innovation and operational efficiency otherwise efforts. As a result, we are now seeing tangible results in terms of.
Speaker Change: Profitability improved thank you I'll kill while it is difficult to comment on the profitability of the individual business segments.
Speaker Change: We expect that our a large panel OLED business, we will continue to deliver stable performance in both growth and profitability by leveraging stopped strong partnerships with our global top tier customers.
With that, we will conclude the LG Display 2025 Q2 earnings presentation. Thank you to everyone who attended, and if you have any additional questions, please contact our IR team afterwards. Thank you.
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We will conclude the 2025 2nd Quarter LG Display Earnings Presentation. Thank you for watching. If you have additional questions, please contact the IR team. Thank you.
Speaker Change: Conclude after 2025 second quarter LG displays earnings presentation. Thank you very much for your attendance and if you have any additional questions. Please contact our IR team. Thank you.
The video appears on Netflix, YouTube's Vacavibes, Fanagrade, and OpenINSIDE.
Speaker Change: [music].
Thank you for watching
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