LG Chem Ltd (XKRX:051910)

Q4 2024 LG Chem Ltd Earnings Call Transcript

Feb 3, 2025 / 07:00 AM GMT

Release Date Price: ₩222000 (-6.53%)

Transcript

Key Points

Positve

LG Chem Ltd (XKRX:051910) reported a significant 69% increase in consolidated revenue for Q4 2024, driven by higher sales in the renewable segment.
The renewable energy segment turned profitable in Q4, with an operating profit of 60.6 billion won, despite one-time expenses.
Cash and cash equivalents increased by 160 billion won year-on-year, reaching 2.242 trillion won.
The company plans to distribute dividends based on 20% of the consolidated free cash flow or 301 won per common share, reflecting a commitment to shareholder returns.
LG Chem Ltd (XKRX:051910) is focusing on expanding its business into downstream areas such as installation and deliveries to secure higher margins.

Negative

Consolidated operating profit for the year turned negative, recording a loss of 300.2 billion won due to weak solar module prices and challenging market conditions for key chemical products.
The chemical segment continued to face operating losses in Q4 due to prolonged market weakness and increased costs from electricity rate hikes.
Equity method losses increased in Q4, with a negative impact from YNCC and other affiliates.
The debt-to-equity ratio of the non-financial sector increased by 30 percentage points year-on-year to 287%, indicating higher leverage.
The US solar module market remains challenging, with inventory levels high and average selling prices at low points, impacting profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

051910.KS - LG Chem Ltd
Q4 2024 LG Chem Ltd Earnings Call
Feb 03, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. I am Yn six co of Hana Solutions. I'd like to thank everyone for joining the call today. I will brief you on the business performance, financials and outlook by segment for Q4 and for the whole year 2024 first, the company's performance during the fourth quarter.

Please refer to page 9 of the presentation in the fourth quarter. 24 consolidated revenue reached 4 trillion 642 point 9,000,000,001 reflecting an approximately 69% increase. Q on Q driven by higher model sales in the renewable segment and increased revenue from development assets.

The consolidated operating profit recorded 100 7,000,000,001 turning profitable Q on Q. This was due to the renewable energy segment which remained in the black despite the

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