This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LG Display Management Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: LPL

Now moving on to our financial results, on page seven – page three, revenue in the first quarter was KRW6.6 trillion down 6% quarter-on-quarter. The demand was strong compared to traditional seasonality, however, delay in the differentiated products and new model development schedule resulted in manufacturing capacity decline. This resulted in 4% shipment decline compared to the previous quarter.

After panel prices dropped slightly in the all the months, it remained stable throughout the quarter. Operating loss increased to KRW178 billion and operating margin to minus 3%, while EBITDA margin remained stable at 13%. Net income was minus KRW129 billion.

Moving on to slide four looking at our financial position and ratios. Cash and cash equivalents rose by KRW60 billion to KRW2.4 trillion. Inventory was maintained at its highest level at KRW2.2 trillion. Debt level rose slightly, recording a net debt to equity ratio of 29%.

Moving on to slide five, looking at our cash flow, cash at the beginning of the quarter was KRW2.3 trillion. Cash flow from operating activities resulted in cash inflow of KRW656 billion. Cash flow from investing activities resulted in an outflow of KRW1.3 trillion. And cash flow from financing activities resulted in an inflow of KRW677 billion. As a result, the net change in cash was inflow of KRW60 billion.

Moving on to our shipment and ASP on slide six. Looking at our shipments, it decreased by 4% quarter-on-quarter, recording 8.1 million square meters. This is due to the temporary capacity allocation for the development of differentiated products and new developments.

ASP based on LCD module price remained flat at a slight decline all in the quarter. And it recorded $669 in first quarter, a 2% quarter-on-quarter decrease.

Moving onto our product mix on slide seven. In first quarter, TV product mix is 47%, Monitor 21%, Notebook 15%, Tablet 5%, Mobile 12%. New tablet PC shipments in the first quarters suffered a temporarily delay in production, which reduced the revenue portion in first quarter. However, as the normal shipping is to begin in the second quarter, the revenue percentage is expected to rise back to the previous level.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,061.60 +7.89 0.04%
S&P 500 2,092.51 +3.74 0.18%
NASDAQ 4,807.9690 +1.11 0.02%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs