LG Chem (051910) Corporate presentation summary

Company history and vision

• Founded in 1947, the company has evolved through multiple restructurings and acquisitions, aiming to become a top global science company focused on sustainability and innovation.

• Major milestones include the development of advanced materials, expansion into life sciences, and a spin-off of the battery business.

• The vision is to connect science to life for a better future, emphasizing leadership in sustainability.

Business portfolio and financial status

• Revenue reached KRW 55.2 trillion in 2023, with significant contributions from energy solutions, petrochemicals, advanced materials, life sciences, and agriculture.

• The share of petrochemicals in revenue dropped from 75% to under 35% over the past decade, reflecting diversification.

• Assets totaled KRW 77.5 trillion at the end of 2023, with equity of KRW 40.9 trillion.

Profitability and dividends

• Ten-year average ROE was 8.2%, above the KOSPI average, though recent years saw a decline due to heavy investment and industry cycles.

• Dividend payout averaged over 30% of net profit in the past decade, but was reduced to 20% for 2023–2025 to prioritize investment in growth drivers.