Core Viewpoint - LG Display showcases its leadership in OLED technology at SID Display Week 2025, unveiling a comprehensive OLED lineup aimed at future markets [1][2]. Group 1: OLED Technology Advancements - The exhibition features three zones: Large OLED, Automotive Display, and Sustainable Innovation, highlighting the evolution of OLED technology [3]. - LG Display's fourth-generation OLED panels utilize a proprietary Primary RGB Tandem structure, achieving a maximum luminance of 4,000 nits, the highest in the industry [4]. - The fourth-generation OLED TV panel enhances energy efficiency by approximately 20% compared to the previous generation, based on a 65-inch panel [6]. - A comparison of third-generation and fourth-generation 27-inch Gaming OLEDs demonstrates significant improvements in brightness and color gamut [7]. - The 45-inch 5K2K Gaming OLED offers the highest resolution of 5120×2160, featuring around 11 million pixels for superior picture quality [8]. - LG Display introduces Dynamic Frequency & Resolution (DFR) technology, allowing optimization for various game genres on a single monitor [9]. - The company presents blue phosphorescent OLED technology for IT devices, achieving about 15% lower power consumption than existing OLED panels [10][11]. Group 2: Automotive Display Innovations - The Automotive Display Zone features a Stretchable display and a concept car equipped with a full lineup of automotive display technologies [12]. - The concept car includes an ultra-large Pillar-to-Pillar (P2P) display and an 18-inch Slidable OLED for Rear Seat Entertainment [14]. - The 57-inch automotive P2P display is the largest single panel in the world, designed for advanced infotainment systems [15]. Group 3: Sustainable Innovations - Under the theme "Sustainable Innovation," LG Display showcases next-generation displays with low power consumption and eco-friendly components [16]. - The 16-inch Neo:LED panel for laptops achieves high color reproduction while being energy efficient, suitable for professionals [17]. - A 14-inch laptop panel incorporates 41% eco-friendly materials, with a goal to increase this to 50% by 2030 [18]. Group 4: Research and Development - LG Display presents 16 early-stage research papers on next-generation display technologies, including advancements in fourth-generation OLED [19].

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Core Viewpoint - LG Display is set to showcase its next-generation automotive display technologies at SID Display Week 2025, emphasizing innovations that cater to future mobility and automotive infotainment systems [1][2]. Group 1: Product Innovations - LG Display will present a Stretchable automotive display that can expand by up to 50% while maintaining a high resolution of 100 ppi, allowing for seamless integration of display and controls [3][4]. - The company will introduce a 57-inch Pillar-to-Pillar display, the largest single panel in the world, designed for Software-Defined Vehicles (SDVs) [5][6]. - A new 18-inch Slidable OLED display will be showcased, which extends downward from the ceiling only when needed, enhancing the in-vehicle entertainment experience [7]. Group 2: Safety and Functionality - LG Display will highlight its Switchable Privacy Mode (SPM) technology, which allows front passengers to enjoy entertainment content without compromising the driver's visibility [8]. - The new display solutions are designed to operate in extreme temperatures, ranging from -40°C to 85°C, ensuring reliability and durability for automotive applications [7]. Group 3: Industry Leadership - LG Display has established itself as a leader in premium automotive displays, being the first to commercialize Tandem OLED technology for automotive use in 2019 [9]. - The company aims to solidify its status as the global leader in automotive displays by showcasing differentiated technologies that create customer value [10].

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was KRW 6,065.3 billion, representing a 15% increase year-over-year [4] - Operating profit was KRW 33.5 billion, an improvement of KRW 509.2 billion year-over-year, marking the first profit in Q1 for eight years, excluding the COVID pandemic period [4] - Q1 EBITDA was KRW 1,231.3 billion with an EBITDA margin of 20%, the highest since Q3 2021 [5] Business Line Data and Key Metrics Changes - Area shipment decreased by 19% quarter-on-quarter but increased by 1% year-over-year due to OLED TV and notebook panel shipment expansion [5] - ASP per square meter was $804, down 8% quarter-on-quarter, but the decline was mitigated by strong OLED performance [6] - Revenue share for mobile and others dipped 8 percentage points quarter-on-quarter to 34%, while IT segment revenue share increased by 7 percentage points to 35% [7] Market Data and Key Metrics Changes - OLED products accounted for 55% of total revenue, an increase of 8 percentage points year-on-year, reflecting the company's shift towards an OLED-centric business model [8] - The company expects a mid-20% decline in area shipment for Q2 due to the discontinuation of the LCD TV business, while ASP per square meter is projected to rise by around 20% [9][10] Company Strategy and Development Direction - The company aims to enhance core competitiveness in OLED technology and maintain a focus on cost efficiency and operational improvements [12][13] - Plans to respond to market changes include strengthening partnerships with global customers and expanding the OLED product portfolio, particularly in high-end segments [17][18] - Investment for 2025 is expected to be around mid- to low KRW 2 trillion, with a focus on maintaining a profit-centric operational stance [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged external uncertainties but noted tangible results from efforts to strengthen core competitiveness [12][13] - The company is closely monitoring market dynamics and is prepared to respond to changes, particularly in the smartphone and IT segments [14][15] - The auto business is expected to grow steadily, with a projected tripling of revenue in three years due to new technologies and expanding customer base [73][74] Other Important Information - Cash and cash equivalents stood at KRW 982.3 billion, which could increase to KRW 2,372.8 billion when including cash from the Guangzhou LCD plant [8] - The sale of the Guangzhou LCD TV plant is proceeding as planned, with payments being received according to the schedule [32][33] Q&A Session Summary Question: Changes in downstream market due to US tariffs - Management is closely monitoring the situation and believes there are currently no critical issues in the supply chain or pricing pressures due to tariffs [29][31] Question: Update on the sale of the LCD TV plant - The sale proceeds remain unchanged, and the plant is operating at full capacity under CSOT [32][33] Question: Adjustments to business plan outlook - The company is maintaining its original business plan but is prepared for potential downstream market volatility [43][44] Question: Impact of competition on shipment volumes and ASP - Despite competition, the company has been able to expand volume through timely supply and cost innovations [44][45] Question: Strategies for large panel OLED business - The focus is on providing a differentiated product portfolio and stringent cost savings to enhance profitability [50][51] Question: Outlook for IT panel demand and competitiveness - The company expects growth in the OLED monitor market and aims to leverage technological strengths to maintain competitiveness [65][66] Question: Short-term and long-term outlook for the auto business - The auto business is expected to grow steadily, with a focus on new technologies and expanding customer base [73][74]