Financial Performance - Total Assets for FY 2023 increased slightly to 35,759,297,833,297 won from 35,686,018,172,675 won in FY 2022[2] - Total Liabilities rose significantly to 26,988,754,065,870 won in FY 2023 compared to 24,366,791,561,867 won in FY 2022[2] - Revenues decreased to 21,330,818,934,958 won in FY 2023 from 26,151,780,519,939 won in FY 2022[2] - Operating Income worsened to -2,510,163,608,358 won in FY 2023 from -2,085,046,847,403 won in FY 2022[2] - Net Income improved slightly to -2,576,729,162,648 won in FY 2023 from -3,195,584,891,222 won in FY 2022[2] - Total revenue for 2023 was W 21,330,819 million, a decrease from W 26,151,781 million in 2022[20] - Operating loss for 2023 was W 2,510,164 million, compared to W 2,085,047 million in 2022[20] - Net loss for 2023 was W 2,576,729 million, an improvement from W 3,195,585 million in 2022[20] - Revenue from OLED products increased to 48% of total revenue in 2023, up from 40% in 2022[182] - Revenue from TV products declined significantly from W6,975,269 million in 2022 to W4,331,474 million in 2023[194] - Revenue from China decreased from W17,434,407 million in 2022 to W14,704,357 million in 2023, while revenue from the United States dropped from W3,078,924 million to W2,079,628 million[193] Subsidiaries Performance - LG Display (China) Co., Ltd. reported a profit of W 108,801 million for 2023, with revenue of W 1,145,472 million[15] - LG Display High-Tech (China) Co., Ltd. reported a profit of W 374,836 million for 2023, with revenue of W 2,432,838 million[15] - Total assets for LG Display Guangzhou Co., Ltd. were W 3,912,242 million in 2022, with net income of W 143,464 million[14] - LG Display Vietnam Haiphong Co., Ltd. reported total assets of W 4,911,791 million in 2022, with net income of W 112,167 million[14] - LG Display High-Tech (China) Co., Ltd. reported the highest net income among subsidiaries at W374,836 million in 2023[26] - LG Display Vietnam Haiphong Co., Ltd. generated the highest sales among subsidiaries at W2,773,046 million in 2023[26] - LG Display Guangzhou Co., Ltd. reported a net income of W96,945 million in 2023, reflecting strong performance[26] - LG Display Nanjing Co., Ltd. recorded a net income of W85,121 million in 2023, indicating solid profitability[26] - LG Display (China) Co., Ltd. achieved a net income of W108,801 million in 2023, showcasing robust financial health[26] - The Group's total net income from subsidiaries in 2023 was W976,533 million, demonstrating overall profitability[26] - LG Display (China) Co., Ltd. reported revenue of 1,921,939 million won and a profit of 133,486 million won for the year 2022[28] - LG Display High-Tech (China) Co., Ltd. reported revenue of 2,766,043 million won and a loss of 561,016 million won for the year 2022[28] Cash Flow and Liquidity - Cash and cash equivalents increased to 2,257,522 million won in FY 2023 from 1,824,649 million won in FY 2022[7] - Trade accounts and notes receivable rose to 3,218,093 million won in FY 2023 from 2,358,914 million won in FY 2022[7] - Inventories decreased to 2,527,728 million won in FY 2023 from 2,872,918 million won in FY 2022[7] - Cash flows from operating activities for LG Display (China) Co., Ltd. were W 426,643 million in 2023[15] - Cash flows from investing activities for LG Display High-Tech (China) Co., Ltd. were negative W 979,167 million in 2023[15] - Operating cash flow for 2023 was W2,576,729 million, compared to W3,195,585 million in 2022, showing a decrease of 19.4%[22] - Cash generated from operating activities in 2023 was W2,819,329 million, compared to W3,588,627 million in 2022, showing a decrease of 21.4%[23] - Net cash provided by financing activities in 2023 was W1,350,863 million, a decrease of 30.6% from W1,946,024 million in 2022[23] - Net cash used in investing activities in 2023 was W2,589,336 million, a significant improvement from W6,700,169 million in 2022, reflecting a reduction of 61.4%[23] - LG Display (China) Co., Ltd. generated cash flows from operating activities of 486,103 million won in 2022[28] - LG Display High-Tech (China) Co., Ltd. generated cash flows from operating activities of 153,043 million won in 2022[28] - LG Display (China) Co., Ltd. had a net decrease in cash and cash equivalents of 106,226 million won in 2022[28] - LG Display High-Tech (China) Co., Ltd. had a net increase in cash and cash equivalents of 114,231 million won in 2022[28] Expenses and Costs - Research and development expenses for 2023 were W 1,379,653 million, slightly down from W 1,382,406 million in 2022[20] - Depreciation and amortization expenses increased to W11,194,213 million in 2023 from W10,424,557 million in 2022, reflecting a 7.4% rise[22] - Finance costs increased to W1,162,598 million in 2023 from W781,205 million in 2022, marking a 48.8% rise[22] - Selling and administrative expenses decreased to W1,475,687 million in 2023 from W1,826,719 million in 2022, with significant reductions in shipping and warranty expenses[183] - Personnel expenses decreased to W3,704,380 million in 2023 from W3,874,664 million in 2022, with salaries and wages accounting for W2,850,927 million[184] - Expenses related to defined benefit plans recognized in profit or loss for 2023 totaled W149,937 million, with current service cost at W173,879 million and net interest cost at (W23,942) million[168] Assets and Liabilities - Non-current financial liabilities increased to 11,439,776 million won in FY 2023 from 9,622,352 million won in FY 2022[7] - Total Shareholders' Equity dropped to 8,770,543,767,427 won in FY 2023 from 11,319,226,610,808 won in FY 2022[2] - Changes in trade accounts and notes receivable showed a decrease of W1,013,938 million in 2023 compared to an increase of W1,833,491 million in 2022[22] - Inventories decreased to W336,993 million in 2023 from W390,672 million in 2022, a reduction of 13.7%[22] - Other current assets increased to W92,983 million in 2023 from W43,583 million in 2022, reflecting a 113.3% rise[22] - Trade accounts and notes payable increased by W323,548 million in 2023 compared to a decrease of W282,082 million in 2022[22] - The Group's non-financial assets, including property, plant, and equipment, and intangible assets, amounted to W21,974,287 million as of December 31, 2023[136] - The Group had W3,797,057 million of deferred tax assets and W869,364 million of unrecognized tax credit carryforwards as of December 31, 2023[138] - The Group's intellectual property rights as of December 31, 2023, were valued at W828,779 million, with patents accounting for W826,435 million[166] - The Group's plan assets as of December 31, 2023, were valued at W1,897,025 million, primarily maintained with Mirae Asset Securities Co., Ltd., KB Insurance Co., Ltd., and others[160] - The company has accounts receivable sales negotiating facilities of up to USD 1,000 million (W1,289,400 million) with Korea Development Bank and other banks[171] - Letters of credit agreements with financial institutions totaled USD 2,070 million (W2,669,058 million) as of December 31, 2023[172] Impairment and Losses - Loss on foreign currency translation decreased to W241,701 million in 2023 from W449,980 million in 2022, a reduction of 46.3%[22] - Impairment loss on property, plant, and equipment rose to W1,260,436 million in 2023 from W60,072 million in 2022, a significant increase[22] - The Group recognized an impairment loss of W93,966 million for Display (Large OLED) CGU in 2022, allocated to goodwill, development costs, intellectual property rights, and others[157] - The Group recognized an impairment loss of W33,386 million for development projects unlikely to generate revenue[157] - Provisions for warranties decreased from W249,368 million at the start of 2023 to W173,795 million by the end of the year, with usage of W177,419 million during the year[169] Tax and Currency - Income tax benefit for 2023 was W762,712 million, with an effective tax rate influenced by non-deductible expenses and tax credits[188] - The global minimum tax rate under the BEPS 2.0 framework is set at 15% for multinational enterprise groups with consolidated group revenue of EUR 750 million or more in at least two of the four preceding years[189] - LG Display Vietnam Haiphong Co., Ltd. is eligible for tax credits reducing its effective tax rate below 15%, potentially exempt from the global minimum tax if the government support qualifies as a QRTC[190] - Unrecognized deferred tax liabilities related to investments in subsidiaries amounted to W523,448 million as of December 31, 2023[191] - Total reserves increased from W479,628 million in 2022 to W515,976 million in 2023, driven by changes in foreign currency translation differences and other comprehensive income[192] - Unused tax credit carryforwards as of December 31, 2023, totaled W869,364 million, with expiration dates ranging from 2025 to 2033[196] - Deferred tax assets increased from W2,640,731 million in 2022 to W3,560,792 million in 2023, primarily due to tax loss carryforwards and other temporary differences[197] - The Group is exposed to currency risk on transactions denominated in USD, CNY, and JPY, which are not the functional currency of the Controlling Company[199] - Foreign currency gain in 2023 was W1,398,181 million, down from W3,098,553 million in 2022[186] Accounting Policies and Financial Instruments - Intra-group transactions and unrealized gains/losses are eliminated in consolidation, with unrealized gains/losses adjusted against investments based on the Group's interest in the investee[60] - Foreign operations' financials are translated into the Group's presentation currency using exchange rates at the reporting date for assets/liabilities and transaction dates for income/expenses[61] - Cash and cash equivalents include short-term highly liquid investments with an original maturity of three months or less[62] - Financial assets are measured at amortized cost if they meet specific conditions and are not designated as at fair value through profit or loss (FVTPL)[64] - The Group derecognizes financial liabilities when contractual obligations are discharged, cancelled, or expired[65] - Hedge accounting is used to manage risks related to changes in fair value and foreign currency risk, with effectiveness assessed both at inception and on an ongoing basis[66][73] - Property, plant, and equipment are measured at cost less accumulated depreciation and impairment losses, with subsequent costs capitalized if they enhance future economic benefits[75][79] - Intangible assets are initially measured at cost and subsequently at cost less accumulated amortization and impairment losses, with development costs capitalized if specific criteria are met[86][88] - The Group capitalizes borrowing costs directly attributable to the acquisition, construction, or production of qualifying assets[81] - Expected credit losses (ECLs) are estimated using a probability-weighted approach, considering both historical and forward-looking information[95][99] - The Group's financial assets are assessed for credit impairment at each reporting period-end, with loss allowances deducted from the gross carrying amount[100] - Financial assets are written off when the Group has no reasonable expectations of recovering the asset, with no significant recovery expected from the written-off amounts[101] - The Group reviews the carrying amounts of non-financial assets at each reporting date to determine if there is any indication of impairment[103] - The recoverable amount of an asset or cash-generating unit is determined as the greater of its value in use and its fair value less costs to sell[104] - Impairment losses are recognized in profit or loss and allocated first to reduce the carrying amount of goodwill, then to other assets on a pro rata basis[105] - The Group's deferred tax assets recognition process involves high subjective judgment in estimating future taxable profits[125] - The recoverable amount of Display CGU is determined based on its value in use, using a 5-year business plan approved by management[159] - The Group's expected rate of salary increase decreased from 4.7% in 2022 to 4.0% in 2023, while the discount rate for defined benefit obligations decreased from 5.4% to 4.6%[161] - The Group's subsidiaries in China were provided with payment guarantees totaling CNY 850 million (W153,714 million), JPY 900 million (W8,214 million), VND 73,279 million (W3,898 million), and USD 0.5 million (W689 million) for local tax and utility payments[165] - Display CGU's recoverable amount exceeded its carrying amount by W975,459 million, with a sensitivity to a 0.92% increase in the discount rate potentially causing the carrying amount to exceed the recoverable amount[167]

LG Display Co Ltd (NYSE:LPL) Q4 2023 Earnings Call Transcript January 24, 2024 ET Company Participants Suk Heo - Head of IR Division & Director Sung-Hyun Kim - Senior VP, CFO & Inside Director Conference Call Participants Dongwon Kim - KB Securities Sung Eun Kim - Meritz Securities Kyuha Lee - NH Investment & Securities Won Suk Chung - HI Investment & Securities Operator Good morning, and good evening. First of all, thank you all for joining this conference call. And now we will begin the conference of the ...

LG Display Co., Ltd. (NYSE:LPL) Q3 2023 Results Conference Call October 25, 2023 1:00 AM ET Brian Heo - Investor Relations Sung-Hyun Kim - Chief Financial Officer Hee-Yeon Kim - Senior Managing Director, CSO, IR Seung-Min Lim - Senior Vice President of Corporate Planning Keuk Sang Kwon - Vice President of Auto Marketing Jeong Lee - In Charge of Business Intelligence Myoung-Kyu Kim - In Charge of Medium, Small Display Strategy Sung Eun Kim - Meritz Securities Hyun-Soo Kim - Hana Securities Dongwon Kim - KB S ...

LG Display Co., Ltd. (NYSE:LPL) Q2 2023 Earnings Conference Call July 26, 2023 1:00 AM ET Company Participants Brian Heo - In-Charge of IR Sunghyun Kim - Chief Financial Officer Hee-Yeon Kim - CSO Seung-Min Lim - Senior Vice President of Corporate Planning Eric Ki Hwan Son - Vice President of Auto Marketing Jeong Lee - In Charge of Business Intelligence Seong Gon Kim - In Charge of Medium Display Marketing Conference Call Participants Hwan Seung Kim - Hana Securities Simon Wu - Bank of America Junghoon Chan ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 LG Display Co., Ltd. (Translation of Registrant’s name into English) LG Twin Towers, 128 Yeoui-dearo, Youngdungpo-gu, Seoul 07336, The Republic of Korea (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40 ...

Table of Contents As filed with the Securities and Exchange Commission on April 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) (cid:0) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR (cid:0) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

LG Display Co., Ltd. (NYSE:LPL) Q1 2023 Earnings Conference Call April 26, 2023 1:00 AM ET Company Participants Brian Heo - In-Charge of IR Sunghyun Kim - Chief Financial Officer Hee-Yeon Kim - CSO Seung-Min Lim - Senior Vice President of Corporate Planning Eric Ki Hwan Son - Vice President of Auto Marketing Seong Gon Kim - In-Charge of Medium Display Marketing Hee-Yeon Kim - Senior Managing Director/CSO/IR Conference Call Participants Junghoon Chang - Samsung Securities Won-suk Chung - HI Investments and S ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 LG Display Co., Ltd. (Translation of Registrant’s name into English) LG Twin Towers, 128 Yeoui-dearo, Youngdungpo-gu, Seoul 07336, Republic of Korea (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form ...

Earnings Results At the time, the external auditor has not yet completed its review of LG Display's 4Q 2022 earnings report. The following is provided for the convenience of our investors and the contents herein are subject to change during the audit review process of the external auditor. cluded in 01 ······················ Accelerate LCD TV exit strategy Business Upgrade "Secure a stable revenue structure & strengthen future portfolio" 03 ········································ Broaden market-creating bu ...

LG Display Co., Ltd. (NYSE:LPL) Q4 2022 Earnings Conference Call January 26, 2023 8:00 PM ET Company Participants Brian Heo - Investor Relations Sunghyun Kim - Chief Financial Officer Hee Yeon Kim - Chief Strategic Officer Ki Hwan Son - Vice President, Auto Marketing Seong Gon Kim - In Charge, Medium Display Marketing Seung Min Lim - Vice President, Corporate Planning Operator Good morning and good evening. First of all, thank you all for joining this conference call. And now we will begin the Conference of ...