LG Display (LPL)

Outlook

The following expectations are based on information as of October 15, 2009. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total display area shipment to increase by upper single digit percentage in the fourth quarter of 2009. During this period, the average selling price per square meter of display area shipped is expected to decline gradually.

Outlook

The following expectations are based on information as of July 16, 2009. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total display area shipment to increase by mid-teens percentage in the third quarter of 2009. During this period, the average selling price per square meter of display area shipped is expected to climb gradually.

Outlook

The following expectations are based on information as of April 16, 2008. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total net display area shipment to increase by mid to high twenties percentage in the second quarter of 2009. COGS reduction per square meter is expected to be mid single digit percentage.

Outlook

The following expectations are based on information as of January 16, 2009. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total net display area shipment to decrease by a low single digit percentage. The company expects that there is a limited possibility for further price decline compared to the end of 2008. Also, price rebound is expected in some product categories. COGS reduction per square meter is expected to be a low teens percentage in the first quarter.

Outlook

The following expectations are based on information as of October 14, 2008. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total net display area shipment to increase by a low to mid teens percentage in the fourth quarter. COGS reduction per square meter is expected to be a high single digit percentage in the fourth quarter.

Outlook

The following expectations are based on information as of July 9, 2008. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

LG Display expects total net display area shipment to increase by a low twenties percentage in the third quarter. COGS reduction per square meter is expected to be a mid to high single digit percentage in the third quarter.

Outlook

The following expectations are based on information as of April 10, 2008. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

James Jeong, the newly appointed CFO of LG Display, commented,

“Generally, our performance in the first quarter of 2008 came in better than the guidance provided last quarter, which has proven that we have become a more value driven company.”

“Looking ahead, we expect our total shipments to increase by a mid teens percentage with a mid single digit declining average ASP per square meter. Our COGS reduction per square meter basis is expected to decrease by a low single digit percentage in the second quarter. Our CAPEX for this year remains at 3 trillion Korean Won which will be utilized mainly for Gen 8 facilities and production efficiency enhancement for existing facilities.” Mr. Jeong concluded.

Outlook

The following expectations are based on information as of January 14, 2008. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

“Our continuous focus on value based management through rational production, prudent CAPEX spending, cost reduction activities and ongoing product innovation, added by strong demand worldwide for flat-screen panels, allowed an earlier than expected turnaround in the first half of 2007 and better than anticipated results throughout 2007. We will continue to focus on these areas into the year 2008 and beyond, which we believe are ingredients towards securing sustainable growth for the long term.” said Ron Wirahadiraksa, CFO of LG.Philips LCD.

“Looking ahead, we expect shipments in the first quarter of 2008 to decrease by a low single digit percentage with a mid single digit percentage declining average ASP and a high single digit percentage declining ending ASP. We expect shipments in the TV segment to decrease by a high single digit percentage with a mid single digit percentage declining average and ending ASP. In the IT segment, we anticipate shipments to increase by a high single digit percentage with a high single digit percentage declining average ASP and a mid teens percentage declining ending ASP. Our COGS reduction per square meter is expected to be a low single digit percentage in the first quarter. As a result, we expect our EBITDA margin for the first quarter of 2008 to be in the mid thirties percentage range. Our CAPEX guidance for 2008 remains at approximately KRW 3 trillion. Our 2008 CAPEX will be utilized for Gen 8 facilities, and production efficiency enhancement for existing facilities.” Mr. Wirahadiraksa concluded.

Outlook

The following expectations are based on information as of October 9, 2007. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

“We are encouraged by the progress we have made over the last 5 quarters, as we have fundamentally shifted the company’s perspective from being volume driven to becoming value-based. This focus will continue into the quarters ahead. Our overriding goal is to generate greater

shareholder value and our management team is committed to making the right strategic decisions to that effect.” said Ron Wirahadiraksa, CFO of LG.Philips LCD.

“Looking ahead, we expect shipments in the fourth quarter of 2007 to increase by a mid single digit percentage with a low single digit percentage declining average and ending ASP. We expect shipments in the TV segment to increase by a high single digit percentage with a mid single digit percentage declining average and ending ASP. In the IT segment, we anticipate shipments to decrease by a low single digit percentage with an average ASP flat and a mid single digit percentage declining ending ASP. Our COGS reduction per square meter is expected to be a low single digit percentage in the fourth quarter. As a result, we expect our EBITDA margin for the fourth quarter of 2007 to be in the mid thirties percentage range. We plan to maintain our capital expenditures in 2007 to approximately KRW 1 trillion. In addition, we expect our CAPEX for 2008 to be around KRW 3 trillion, which we feel is the right approach to capital spending given market demand.” Mr. Wirahadiraksa concluded.

Outlook

The following expectations are based on information as of July 10, 2007. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

“Over the last 12 months, we have become a more market-driven and value-based company, focusing on smart operational growth. This has played an essential role in achieving a return to profitability,” said Ron Wirahadiraksa, CFO of LG.Philips LCD.

“Looking ahead, we expect shipments in the third quarter of 2007 to increase by a mid-teens percentage with an average ASP increase of a low-single digit percentage and a flat quarter ending ASP. We expect shipments in the TV segment to increase by a high-twenties percentage with an average ASP decline of a low-single digit percentage and a quarter ending ASP decline of a mid-single digit percentage. In the IT segment, we anticipate shipments to be flat with an average ASP increase of a low teens percentage and a quarter ending ASP increase of a high-single digit percentage. Our COGS reduction per square meter is expected to be a mid-single digit percentage in the third quarter. As a result, we expect our EBITDA margin for the third quarter of 2007 to be in the high twenties percentage range. We plan to maintain our capital expenditures in 2007 at approximately KRW 1 trillion, and expect to ramp up P7 beyond its initial design input capacity of 110,000 input sheets per month, expecting around 130,000 sheets on average in the third quarter, to better prepare us for the anticipated demand increase in the second half of the year,” Mr. Wirahadiraksa concluded.

Outlook

The following expectations are based on information as of April 10, 2007. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company reserves the right to update its full business outlook, or any portion thereof, at any time and for any reason.

“Generally, our results in the first quarter of 2007 came in better than the guidance provided last quarter. Looking ahead, we expect continued execution on our core operational drivers and a healthier market situation. This will have a direct and positive impact on our sequential improvement in profitability,” said Ron Wirahadiraksa, CFO of LG.Philips LCD.

“For the second quarter of 2007, in the TV segment we expect shipments to increase by a high twenties percentage with an average and ending ASP decline of a mid-single digit percentage. In

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the IT segment, we anticipate shipments to increase by a low teens percentage with an average ASP decline of a low-single digit percentage and an ending ASP increase of a mid-single digit percentage. Overall, we expect shipments in the second quarter of 2007 to increase by a high teens percentage with an average ASP decline of a mid-single digit percentage and an ending ASP decline of a low-single digit percentage. Our COGS reduction per square meter is expected to be a low teens percentage in the second quarter. As a result, EBITDA margin for the second quarter of 2007 is expected to be a low twenties percentage. As previously discussed, we plan to maintain our capital expenditures in 2007 at approximately KRW 1 trillion, and expect to increase P7 input capacity to 110,000 input sheets per month in the third quarter, gearing us up for the anticipated demand increase in the second half of the year,” Mr. Wirahadiraksa concluded.

Outlook

The following expectations are based on current information as of January 16, 2007. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“For the first quarter of 2007, we anticipate a mid-single digit decrease percentage in total area shipments sequentially, where TV decreases by a high-teens and IT increases by a mid-single digit percentage,” commented Mr. Wirahadiraksa. “We anticipate both the ASP per square meter at the end of the first quarter of 2007 as well as the average ASP during the quarter to decline by a low-teens percentage, which is the same for both TV and IT.”

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Mr. Wirahadiraksa continued, “Our COGS reduction per square meter is expected to be a mid-single digit percentage in the first quarter. Accordingly, our EBITDA margin for the first quarter of 2007 is expected to be a mid-teens percentage. Looking forward to 2007, we anticipate continued progress in our cost reduction efforts and expect that these strategies will reduce costs by 25 to 30 percent.”

“Our CAPEX guidance for 2007 remains at approximately KRW 1 trillion. Our 2007 CAPEX will be utilized for future production facilities, production efficiency enhancement and existing facility maintenance, thereby providing us with more operational flexibility,” Mr. Wirahadiraksa concluded.

Earnings Conference and Conference Call

LG.Philips LCD will hold a Korean language earnings conference on January 16, 2007, at 4:30 p.m. Korea Standard Time on the 1st floor, in the International Conference Room of the Korea Exchange Building (KRX). An English language conference call will follow at 10:00 p.m. Korea Standard Time, 8:00 a.m. EST and 1:00 p.m. GMT. The call-in number is +82 (0)31-810-3001 for both callers in Korea and callers outside of Korea. The confirmation number is 3777. Corresponding slides will be available at the Investor Relations section of the LG.Philips LCD web site: http://www.lgphilips-lcd.com

Investors can listen to the conference call via the Internet at http://www.lgphilips-lcd.com. To listen to the live call, please go to the Investor Relations section of the web site at least 15 minutes prior to the call to register and install any necessary audio software.

For those who are unable to participate in the call, a replay will be available for 30 days after the call. The call-in number is 031-810-3100 for callers in Korea and +82-31-810-3100 for callers outside of Korea. The confirmation number for the replay is 76999#.

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Outlook

The following expectations are based on current information as of October 10, 2006. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“For the fourth quarter of 2006, we anticipate continued growth and an increase in area shipments by a mid-twenties percentage quarter-on-quarter,” commented Mr. Wirahadiraksa. “We expect our average selling price per square meter at the end of the fourth quarter of 2006 to decline by a low single digit percentage, largely due to the continued decline in TV prices. The average ASP per square meter is expected to be flat.”

“Our COGS reduction per square meter will be approximately a mid-single digit percentage in the fourth quarter. Our EBITDA margin for the fourth quarter of 2006 is expected to be a low-teens percentage as a result. We are working on plans to achieve a significantly higher cost down for 2007, in order to better prepare for the anticipated price declines.”

“Our CAPEX guidance for 2006 remains unchanged at KRW 3 trillion. In line with us continuing to take a more prudent approach to capital spending and in anticipation of a difficult first half in 2007, we expect our CAPEX for 2007 to be approximately KRW 1 trillion, substantially lower than that of 2006. This CAPEX will be used for the investment in Gen. 5.5, enhancement of production efficiencies and maintenance of our existing facilities.”

Outlook

The following expectations are based on current information as of July 11, 2006. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“Looking ahead, we expect to see prices begin to stabilize, and anticipate sustained growth in consumer demand for LCD TVs, in the second half of 2006, particularly in the fourth quarter. For the third quarter of 2006, we expect our area shipments to increase quarter-on-quarter by a mid-to-high twenties percentage, driven by continued growth in the expanding LCD TV segment, continued ramp up at our P7 facility, and the stabilization of pricing,” said Mr. Wirahadiraksa. “We expect our average selling price per square meter of net display area shipped at the end of the third quarter of 2006 to be relatively flat, as compared to the end of the second quarter of 2006, largely due to increased seasonal demand leading into the holiday season. We expect the average ASP per square meter in the third quarter to decrease by a mid-single digit percentage. Our EBITDA margin for the third quarter is anticipated to be in the low teens range.”

Mr. Wirahadiraksa continued, “We have made a decision to postpone investment in existing fabs and, as a result, have revised our capital expenditure guidance downward from KRW 4.2 trillion to KRW 3.0 trillion for 2006.”

Outlook

The following expectations are based on current information as of April 11, 2006. The Company does not expect to update its expectations until next quarter’s earnings announcement. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“For the second quarter of 2006, we anticipate that our area shipments will increase quarter-on-quarter by a mid-to-high twenties percentage, driven by continued growth in the expanding LCD TV segment and progress at our P7 facility,” said Mr. Wirahadiraksa. “We expect our average selling price per square meter of net display area shipped at the end of the second quarter of 2006 to decrease by a mid-to-high single digit percentage, as compared to the end of the first quarter of 2006, largely due to continued weakness in monitor and notebook pricing. Our EBITDA margin for the second quarter is expected to be approximately 20%.”

“Our capital expenditure guidance for 2006 remains unchanged from the fourth quarter of 2005 and is KRW 4.2 trillion,” concluded Mr. Wirahadiraksa.

Outlook

The following expectations are based on current information as of January 12, 2006. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“We are looking forward to 2006, as the recent start of mass production of our P7 facility, which is optimized for large and wide 42” and 47” LCD TV panels, reinforces our already strong position in the TFT-LCD industry,” Mr. Wirahadiraksa commented. “We also see an exciting growth opportunity for LG.Philips LCD in notebooks, particularly for the large and wide product segments. We have a leadership position in this segment and expect to maintain and grow this lead in the future.”

“For the first quarter of 2006, which is usually seasonally weak, we anticipate our area shipments will increase by a mid-single digit percentage quarter-on-quarter fueled by continued growth in the rapidly expanding LCD TV segment,” continued Mr. Wirahadiraksa. “We expect our average selling price per square meter of net display area shipped at the end of the first quarter of 2006 to decrease by a mid-single digit percentage, as compared to the end of the fourth quarter of 2005, largely due to weaker pricing for the monitor and notebook segments. Our EBITDA margin for the first quarter is expected to be a high teens percentage. Overall, we anticipate growth in sales and EBITDA for the year. However, we also expect an increase in depreciation costs primarily due to P7, which will impact our EBIT and net income.”

“Our capital expenditure guidance for 2006 is KRW 4.2 trillion, which will be used mainly for ongoing investment in P7 and future production facilities. As part of these future production facilities, our Board of Directors has today approved KRW 453 billion, to be utilized for the construction of a clean room and utilities for P8, ” concluded Mr. Wirahadiraksa.

Outlook

The following expectations are based on current information as of October 11, 2005. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“For the fourth quarter of 2005, we anticipate our area shipments will increase by a low teens percentage quarter-on-quarter due to continued growth, especially in the rapidly expanding TV segment,” commented Mr. Wirahadiraksa. “We expect our average selling price per square meter of net display area shipped at the end of the fourth quarter of 2005 to be flat to slightly down, as compared to the end of the third quarter of 2005, largely due to potentially weaker pricing for some monitors. Our EBITDA margin for the fourth quarter is expected to be in the mid-to-high twenties. Our CAPEX guidance for 2005 remains unchanged from the previous quarter’s guidance, and at this stage, we maintain our preliminary CAPEX for 2006 to be in the range of KRW 3.5 trillion to KRW 4.5 trillion.”

Outlook

The following expectations are based on current information as of October 11, 2005. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“For the fourth quarter of 2005, we anticipate our area shipments will increase by a low teens percentage quarter-on-quarter due to continued growth, especially in the rapidly expanding TV segment,” commented Mr. Wirahadiraksa. “We expect our average selling price per square meter of net display area shipped at the end of the fourth quarter of 2005 to be flat to slightly down, as compared to the end of the third quarter of 2005, largely due to potentially weaker pricing for some monitors. Our EBITDA margin for the fourth quarter is expected to be in the mid-to-high twenties. Our CAPEX guidance for 2005 remains unchanged from the previous quarter’s guidance, and at this stage, we maintain our preliminary CAPEX for 2006 to be in the range of KRW 3.5 trillion to KRW 4.5 trillion.”

Outlook

The following expectations are based on current information as of July 11, 2005. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“We expect the business environment to continue strengthening in the second half of 2005,” commented Mr. Wirahadiraksa. “For the third quarter of 2005, we believe our area shipments will increase by a mid teen percentage quarter-on-quarter due to continued growth in the monitor and TV segments. We expect a single digit percentage increase in our average sales price per square meter of net display area shipped at the end of the third quarter of 2005 as compared to the end of the second quarter of 2005. We continue to lead the TFT-LCD market expansion and remain well positioned with the ramp up of our P6 facility and the construction of our P7 facility. Our CAPEX guidance for 2005 remains unchanged from the previous quarter’s guidance. At this stage, we estimate our preliminary CAPEX for 2006 to be in the range of KRW 3.5 trillion to KRW 4.5 trillion.”

Outlook

The following expectations are based on current information as of July 11, 2005. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

“We expect the business environment to continue strengthening in the second half of 2005,” commented Mr. Wirahadiraksa. “For the third quarter of 2005, we believe our area shipments will increase by a mid teen percentage quarter-on-quarter due to continued growth in the monitor and TV segments. We expect a single digit percentage increase in our average sales price per square meter of net display area shipped at the end of the third quarter of 2005 as compared to the end of the second quarter of 2005. We continue to lead the TFT-LCD market expansion and remain well positioned with the ramp up of our P6 facility and the construction of our P7 facility. Our CAPEX guidance for 2005 remains unchanged from the previous quarter’s guidance. At this stage, we estimate our preliminary CAPEX for 2006 to be in the range of KRW 3.5 trillion to KRW 4.5 trillion.”

Outlook

The following expectations are based on current information as of January 24, 2005. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

According to DisplaySearch, the TFT-LCD industry should experience both unit and area growth in 2005. LG.Philips LCD plans to increase its output to meet this anticipated growth and to meet its customers’ needs.

“We expect the industry supply/demand balance will begin to stabilize in the second quarter and then show signs of strengthening later in the year,” commented Mr. Wirahadiraksa. “For the first quarter of 2005, we see our area shipments increasing approximately 9% quarter-on-quarter. We expect a high single digit rate decline on the ASP per net display area shipped at the end of the first quarter of 2005 as compared to the end of the fourth quarter of 2004. As a result, we expect our EBITDA margin rate in the first quarter of 2005 to be in the range of the mid-teens.”

Outlook

The following expectations are based on current information as of January 24, 2005. The Company does not expect to update its expectations until next quarter’s earnings release. However, the Company may update its full business outlook, or any portion thereof, at any time for any reason.

According to DisplaySearch, the TFT-LCD industry should experience both unit and area growth in 2005. LG.Philips LCD plans to increase its output to meet this anticipated growth and to meet its customers’ needs.

“We expect the industry supply/demand balance will begin to stabilize in the second quarter and then show signs of strengthening later in the year,” commented Mr. Wirahadiraksa. “For the first quarter of 2005, we see our area shipments increasing approximately 9% quarter-on-quarter. We expect a high single digit rate decline on the ASP per net display area shipped at the end of the first quarter of 2005 as compared to the end of the fourth quarter of 2004. As a result, we expect our EBITDA margin rate in the first quarter of 2005 to be in the range of the mid-teens.”