The following is a summary of the LG Display Co., Ltd (LPL) Q2 2024 Earnings Call Transcript:

Financial Performance:

• LG Display reported a Q2 revenue of KRW 6.708 trillion, marking a year-over-year increase of 42%.

• The operating loss was KRW 94 billion, showing significant improvement both quarter-over-quarter and year-over-year.

• Cash and cash equivalents stood at KRW 2.342 trillion, with inventory down quarter-over-quarter to KRW 3.082 trillion.

• Debt-to-equity ratio was at 282%, with a net debt-to-equity ratio of 151%.

Business Progress:

• Q2 saw increased shipments across all product categories, notably in OLED products, highlighting the company's strong position in this technology.

• LG Display continues to focus on business structure upgrades, notably achieving full-fledged mass production of IT OLED panels.

• Investments for 2024 are planned at the KRW 2 trillion level, reflecting a reduction from the previous year aimed at enhancing operational efficiency and profitability.

Opportunities:

• The company aims for growth in OLED technology and is leveraging market and customer needs to expand into larger market segments. Efforts include enhancing operational efficiency and a focus on high-end B2B products.

Risks:

• Increased competition and volatility in the smartphone and IT panel markets, along with reduced incentives for EVs, pose risks to business performance.

More details: LG Display IR

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