Slides
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July 24, 2025 I Investor Relations 2025 Q2 Earnings Results
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Disclaimer
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03 * EBITDA = Operating Income + Depreciation & Amortization EBITDA* Revenues Operating Income Income Before Tax Net Income ※ Any discrepancies in any table between the total and the sums of the amounts listed are due to rounding. Details Revenue / Operating income Major Points TV MO IT Revenues & Profits (Unit : KRW Bn, %) 6,708 6,065 -94 33 1,287 1,231 -433 -148 Turned to profit Turned to profit -471 -237 Turned to profit Turned to profit 1% 20% -1% 19% 5,587 -116 1,054 992 891 -8% -17% Turned to deficit -14% -18% -2% 19% Deficit increased
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04 OLED Portion Shipment & Product Revenue Mix Shipment and ASP Product Revenue Mix 24% 23% 22% 22% 20% 44% 33% 28% 35% 42% 23% 36% 42% 34% 28% 9% 8% 8% 9% 10% 52% 58% 60% 55% 56% TV IT MO etc Auto OLED
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Asset 35,074 31,988 27,984 Current Assets 9,812 10,225 7,268 Cash and cash equivalents* 2,342 982 1,666 Inventory 3,082 2,956 2,869 Non-Current Assets 25,262 21,763 20,716 Liabilities 25,894 24,154 20,386 Current Liabilities 14,361 15,899 11,756 Non-Current Liab. 11,534 8,255 8,630 Shareholder’s Equity 9,180 7,834 7,598 Financial Positions Cash Flow * Cash includes short term financial instruments ※ Q1’25: Asset and Liabilities include Assets Held for Sale and Liabilities Held for Sale respectively. Cash at Beginning of Quarter 3,225 2,022 982 Cash Flow from Operating Activities 811 610 -480 Net Income (Loss) -471 -237 891 Depreciation & Amortization 1,381 1,198 1,170 Change in Working Capital & Others* -99 -351 -2,541 Cash Flow from Investing Activities -385 -420 300 Cash Flow before Financing Activities 426 190 -180 Financing Activities -1,164 24 -514 ETC. -146 -22 -12 Held for Sale -1,232 1,390 Net Change in Cash -884 -1,040 684 Cash at the End of Quarter 2,342 982 1,666 Q2’24 Q1’25 Liabilities to Equity Ratio 282% 308% 268% Current Ratio 68% 64% 62% Net Debt to Equity Ratio 151% 174% 155% 05 Q2’25 Q2’24 Q1’25 Q2’25 Debts 16,159 14,577 13,421 Net Debts 13,818 13,595 11,754 Financial Positions & Cash Flow (Unit : KRW Bn) (Unit : KRW Bn) * Change of W/C includes F/X effects ※ Cash includes deposits at financial institutions □ Any discrepancies in any table between the totals and the sums of the amounts listed are due to rounding.
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07 Appendix. IFRS Statements of Income (Unit : KRW Bn) □ Any discrepancies in any table between the totals and the sums of the amounts listed are due to rounding. Accounts Q1’23 Q2’23 Q3’23 Q4’23 2023 Q1’24 Q2’24 Q3’24 Q4’24 2024 Q1’25 Q2’25 Revenue 4,411 4,739 4,785 7,396 21,331 5,253 6,708 6,821 7,833 26,615 6,065 5,587 COGS 4,794 4,911 4,748 6,532 20,985 5,035 6,095 5,978 6,932 24,040 5,322 5,079 Gross Profit -383 -173 37 864 345 218 614 843 901 2,576 743 508 Operating Income -1,098 -881 -662 132 -2,509 -469 -94 -81 83 -561 33 -116 EBITDA -80 130 382 1,272 1,704 810 1,287 1,162 1,306 4,565 1,231 1,054 Income before tax -1,475 -877 -1,006 19 -3,339 -989 -433 -207 -562 -2,191 -148 992 Net Income -1,153 -699 -775 51 -2,576 -761 -471 -338 -839 -2,409 -237 891 EPS (Unit: KRW) -3,223 -1,953 -2,167 141 -7,202 -1,981 -942 -676 -1,678 -5,113 -474 1,782 Margins(%) Gross Margin -8.7 -3.7 0.8 11.7 1.6 4.2 9.2 12.4 11.5 9.7 12.3 9.1 Operating Margin -24.9 -18.6 -13.8 1.8 -11.8 -8.9 -1.4 -1.2 1.1 -2.1 0.5 -2.1 EBITDA Margin -1.8 2.7 8 17.2 8.0 15.4 19.2 17.0 16.7 17.2 20.3 18.9
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08 * Cash includes short term financial instruments ※ Q3’24~Q1’25: Asset and Liabilities include Assets Held for Sale and Liabilities Held for Sale respectively. Appendix. IFRS Statements of Financial Position □ Any discrepancies in any table between the totals and the sums of the amounts listed are due to rounding. Accounts Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Asset 36,644 37,372 37,538 35,759 36,113 35,074 33,150 32,860 31,988 27,984 A/R 2,382 3,487 2,351 3,218 2,945 3,663 3,040 3,624 3,407 2,211 Cash* 3,894 3,853 4,087 3,163 3,225 2,342 1,788 2,022 982 1,666 Inventory 2,811 2,682 3,349 2,528 3,369 3,082 3,338 2,671 2,956 2,869 Liabilities 26,115 27,861 28,648 26,989 26,572 25,894 24,806 24,787 24,154 20,386 A/P 3,935 4,481 4,702 4,175 4,432 4,432 4,093 4,156 4,254 3,739 Short-term debts 5,214 4,940 5,403 5,180 5,855 5,940 6,261 6,489 6,964 5,468 Long-term debts 11,966 12,481 12,084 11,349 11,169 10,220 8,557 8,061 7,613 7,953 Shareholder’s Equity 10,529 9,511 8,890 8,770 9,541 9,180 8,344 8,073 7,834 7,598 BPS (Unit: KRW) 29,425 26,580 24,846 24,511 19,081 18,359 16,687 16,146 15,668 15,196 Net debt to equity ratio(%) 126.2 142.7 150.7 152.4 144.6 150.5 156.2 155.2 173.5 154.7 (Unit : KRW Bn)
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09 Appendix. IFRS Statements of Cash Flow * Working Capital consists of net change in AR, Inventory, AP and F/X effect ** Cash Flow from Investing Activities excludes increase (decrease) of short term financial instruments *** Equity investments from other companies □ Any discrepancies in any table between the totals and the sums of the amounts listed are due to rounding. Accounts Q1’23 Q2’23 Q3’23 Q4’23 2023 Q1’24 Q2’24 Q3’24 Q4’24 2024 Q1’25 Q2’25 Net Income (Loss) -1,153 -699 -775 51 -2,576 -761 -471 -338 -839 -2,409 -237 891 Depreciation & Amortization 1,018 1,011 1,044 1,140 4,213 1,279 1,381 1,242 1,224 5,126 1,198 1,170 Others -221 727 117 -162 461 -564 332 -290 1,008 486 -381 -3,310 Working Capital* -87 -430 690 -574 -401 -311 -431 28 145 -569 30 769 Cash Flow from Operating Activities -443 609 1,076 455 1,697 -357 811 642 1,538 2,634 610 -480 Cash Flow from Investing Activities** -1,039 -1,000 -674 -718 -3,431 -963 -385 -585 -351 -2,284 -420 300 Net Cash flow before Financing Activities -1,482 -391 402 -263 -1,734 -1,320 426 57 1,187 350 190 -180 Financing Activities 1,850 402 -150 -644 1,458 126 -1,164 -60 -1,064 -2,162 24 -514 Dividends 0 0 0 0 0 0 0 0 0 0 0 0 Change in non- controlling interest*** -21 -53 -17 -17 -108 1,255 -146 -264 -17 828 -22 -12 Held for Sale -287 129 -158 -1,232 1,390 Net Change in Cash 347 -42 235 -924 -384 61 -884 -554 235 -1,142 -1,040 684 (Unit : KRW Bn)
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10 Appendix. EBITDA Calculation We add depreciation and amortization expense to operating income to calculate EBITDA . □ Any discrepancies in any table between the totals and the sums of the amounts listed are due to rounding. Accounts Q1’23 Q2’23 Q3’23 Q4’23 2023 Q1’24 Q2’24 Q3’24 Q4’24 2024 Q1’25 Q2’25 1. Operating Income -1,098 -881 -662 132 -2,509 -469 -94 -81 83 -561 33 -116 2. Depreciation 848 848 885 976 3,557 1,096 1,178 1,006 989 4,269 995 988 3. Amortization 170 163 159 164 656 183 203 236 235 857 203 182 EBITDA (1+2+3) -80 130 382 1,272 1,704 810 1,287 1,162 1,306 4,565 1,231 1,054 (Unit : KRW Bn)