LG Chem's second-quarter results hit another record high

· Sales of US$10.
22 billion, up 65.
2% year -on-year

· Operating profit of 1.
99 billion US dollars, a year-on-year increase of 290.
2%

Both sales and operating profit hit new quarterly record highs

The results are based on the currency of the financial report, and the US dollar is for reference only

Regarding the second quarter results, LG Chem CFO Cha Dong-seok said, "Through the significant growth of the petrochemical business, the continuous expansion of the battery materials business, and the highest quarterly sales in the life sciences, LG Chem's second Excellent quarterly performance
.
" He also emphasized: "LG Chem will comprehensively promote business development and strategic investment based on the three new ESG growth engines of sustainable green materials, e-Mobility battery materials, and global innovative new drugs
.
"

Second-quarter results and third-quarter forecasts by business area

Petrochemical

Sales of $4.
7 billion Operating profit of $1.
18 billion

By building a high-quality product portfolio including renewable energy, sanitation and other environmentally friendly materials, and strong demand brought about by the global economic recovery, LG Chem has achieved the best performance in this field in history
.

With the commencement of new projects such as the second NCC factory in Yeosu, South Korea, it is expected that the performance in the third quarter will continue to grow and profitability will continue to improve
.

cutting edge material

Sales of $1.
16 billion Operating profit of $80 million

Due to the increasing demand for cathode materials and the rapid rise in prices of engineering materials, sales continued to climb and profitability continued to improve
.

With the expansion of the battery materials business, sales are expected to continue to grow in the third quarter
.

life sciences

Sales of $180 million Operating profit of $30 million

Driven by the launch of a new generation of polio vaccine "Eupolio" and the surge in sales of major products such as Zemiglo and Eutropin, the sales of the Life Sciences Division hit a record quarterly high and profitability continued to improve
.

In the third quarter, with the full supply of polio vaccine, the market share of key products remained stable, and sales are expected to continue to grow steadily
.

LG New Energy

Sales of $4.
58 billion Operating profit of $730 million

Sales and profitability improved despite short-term factors such as weak upstream supply and demand and downstream demand
.

It is expected that the sales growth of electric vehicles in the third quarter will lead to the sales growth of automobile batteries and IT small batteries, and will continue to strive to improve profitability through measures such as adding production lines as soon as possible and reducing costs
.

Farm hannong

Sales of $190 million Operating profit of $20 million

Despite higher raw material prices, both sales and profitability improved compared to the same period last year due to a significant increase in crop protection agent sales
.

Rising raw material prices will lead to higher costs, but performance is expected to improve with increased sales of crop protection agents, among others
.