Financial Data and Key Metrics Changes - Revenue for Q4 2025 rose slightly quarter-on-quarter (QOQ) to 7.2008 trillion KRW, driven by solid panel shipments for TVs and notebook PCs [12] - Operating profit declined QOQ to 168.5 billion KRW due to lower shipments of certain small and medium OLED models and one-off costs related to strengthening profit structure [14] - Net loss was 351.2 billion KRW, primarily due to foreign currency translation losses [20] - EBITDA in Q4 was 1.162 trillion KRW, with an EBITDA margin of 16% [23] - Cash and cash equivalents at quarter end were 1.573 trillion KRW, largely unchanged QOQ [46] - Total debt decreased to 12.664 trillion KRW, and net debt fell to 11.091 trillion KRW [48][51] Business Line Data and Key Metrics Changes - Shipment area for TV and notebook PC panels grew QOQ, while shipments for monitor and tablet panels declined, resulting in a total shipment area of 4.0 million square meters [29] - ASP per square meter was $1,297, down 5% QOQ but up 49% year-on-year, reflecting a shift towards OLED products [31][42] - OLED products accounted for 65% of total revenue in Q4, unchanged QOQ and up 5 percentage points year-on-year [42] Market Data and Key Metrics Changes - Revenue share from mobile and others accounted for 40% of total revenue, up 1 percentage point QOQ [35] - IT revenue share remained at 36%, down 1 percentage point QOQ [38] - TV revenue share rose slightly by 1 percentage point, while auto revenue share fell to 7%, down 1 percentage point QOQ [40] Company Strategy and Development Direction - The company aims to continue growing its OLED business and improve operational efficiency while addressing external uncertainties and market volatility [76] - Plans include expanding panel shipments in small mobile, responding to high-end market demand in medium-sized OLED, and focusing on high-end LCD in IT [78][81] - The company is committed to maintaining a CAPEX policy focused on future readiness and structural upgrades, with 2026 CAPEX expected to be around 2 trillion KRW [89] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing external uncertainties and volatility in global markets but emphasized the importance of stabilizing business performance through OLED growth and cost innovation [76] - The company aims to become a technology-centric organization and improve competitiveness across various dimensions [111][125] Other Important Information - The company incurred one-off costs in Q4 related to voluntary retirement programs and incentive payments for employees, totaling in the high 300 billion KRW range [67][73] - The company expects total shipment area to decrease by low 20% in Q1 2026 due to seasonality, with ASP per square meter expected to remain above $1,200 [56] Q&A Session Summary Question: Outlook for each business and expected performance for the year - The company expects OLED share to continue growing, driving revenue, and aims to avoid losses in the first half of the year [97] Question: Strategic priorities for the mid to long term - The company emphasizes the need for continuous growth and profitability in every quarter, focusing on improving competitiveness [106][121] Question: Smartphone panel shipment numbers and market opportunities - The company achieved an annual panel shipment target of around mid-70 million units and aims to further close the gap between first and second half shipments [137] Question: Impact of memory semiconductor trends on business performance - The company is monitoring the impact of rising memory prices on display prices and demand, but currently, the impact remains limited [145] Question: Outlook for IT business and potential turnaround - The company anticipates continued improvement in profitability while focusing on high-end LCD and OLED products [154] Question: Strategy for large OLED panels and maintaining profitability - The company plans to strengthen its white OLED lineup and target a panel shipment of over 7 million units in 2026, aiming for a 10% growth [169]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [4] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [4] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [5] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [5] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [7] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [7] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [6] - The share of OLED products out of total revenue was 65%, up 9 percentage points QoQ [6] - TV segment revenue share was 16%, down 4 percentage points QoQ [6] - Auto segment's share was 8%, down 2 percentage points QoQ [6] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [5] - ASP per square meter was $1,365, up 29% QoQ [5] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [8] Company Strategy and Development Direction - The company is focusing on an OLED-centered business structure upgrade and cost innovation [10] - Plans to expand panel shipments in the small mobile business and invest in new technologies for IT OLED [12] - In the IT LCD business, the company aims to reduce low-margin products while focusing on B2B and high-end segments [13] - The company intends to maintain strong partnerships with strategic customers to solidify its market leadership [21] Management's Comments on Operating Environment and Future Outlook - Management expects external uncertainties and shipment volatility to persist in Q4 [11] - The company plans to address challenges by prioritizing business efficiency initiatives [11] - OLED products revenue share is expected to remain stable QoQ in Q4, with an annual share projected at a low 60% level [11] Other Important Information - The company plans an additional workforce improvement program in Q4 as part of ongoing cost innovation efforts [11] - Capex for the year is expected to be in the high KRW 1 trillion range, below last year's level [14] Q&A Session All Questions and Answers Question: Does the company believe it has the structure to sustain current business performance? - The company has improved performance through internal capabilities and cost innovation, aiming for stable performance moving forward [19][21] Question: How will the company respond to potential pressure to lower ASP due to macro uncertainties? - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [22] Question: What is the market reception for new models by the North American customer? - The company has achieved stable performance and positive reception for new models, with potential changes in shipment plans based on market trends [26] Question: What is LG Display's strategy for the foldable smartphone panel business? - The company is maximizing supply volume for existing products while preparing for potential market growth in foldable smartphones [33] Question: What are the plans for the LCD IT business amidst intensifying competition? - The company is focused on maintaining profitability by selecting strategic customers and downsizing low-margin models [38] Question: What is LG Display's strategy for the OLED TV business in light of competition? - The company projects growth in OLED panel shipments and aims to strengthen competitiveness through cost innovation and partnerships [43]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [3] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [3] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [4] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [4] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [6] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [6] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [5] - The TV segment's revenue share was 16%, down 4 percentage points QoQ [5] - The auto segment's share was 8%, down 2 percentage points QoQ [5] - OLED products accounted for 65% of total revenue, up 9 percentage points QoQ [5] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [4] - ASP per square meter was $1,365, up 29% QoQ [4] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [7] Company Strategy and Development Direction - The company is focusing on an OLED-centric business structure and cost innovation to enhance profitability [8] - Plans to expand panel shipments in the small mobile business and invest in new technologies for IT OLED [10] - The company aims to solidify its leadership in the premium market with a diverse lineup of OLED panels [11] - Continuous growth in the auto segment is expected due to expanding in-vehicle display adoption [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges external uncertainties and competition but remains optimistic about improving profitability [9] - The company plans to address challenges by prioritizing business efficiency initiatives [9] - Expectations for stable performance in the OLED market despite macro uncertainties [17] Other Important Information - A workforce improvement program is planned for Q4, expected to have a more significant impact on financial performance than the previous quarter [9] - The company is maintaining a cautious approach to capital expenditures, focusing on future preparedness [12] Q&A Session Summary Question: Sustainability of Business Performance - Management believes the company has the structure to sustain performance and anticipates a change in the OLED market dynamics [15][16] Question: Response to ASP Pressure - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [18] Question: Market Reception of New Models - The reception for new models is generally positive, with potential adjustments in shipment plans based on market trends [21][22] Question: Strategy for Foldable Smartphone Panels - The company is preparing for potential market growth in foldable smartphones while maximizing supply volume for existing products [26][27] Question: LCD IT Business Strategy - The company is focused on high-end LCD technologies and maintaining profitability while downsizing low-margin models [30][31] Question: OLED TV Business Strategy - The company projects growth in OLED panel shipments and aims to strengthen competitiveness through cost innovation [34][35]