■ CEO Hun Ki Lee, CFO, and CSO participated in and presented measures to …IR event hosted for institutional investors and analysts since 2017 to expand clear communication with the market.
■ Established strategic directives for five major business portfolios (Basic Chemicals/Advanced Materials/Fine Chemicals/Battery Materials/Hydrogen Energy).
■ Swiftly improved portfolios by innovatively reforming the structure of business structure that is currently based on the petrochemical business and concentrating the resources on nurturing and developing new growth businesses…To recover financial soundness by focusing on surplus cash flow through efficiency of business operation and management of investment risks.
■ CEO Hun Ki Lee, “…will actively respond to the fast-paced changes with clear directives and objectives for qualitative growth”…”With successful portfolio transformation, we aim to achieve over 50 trillion KRW in corporate value by 2030.”
■ Promoting policies to enhance shareholder value… ▲Acquired 100 billion KRW (cumulative) worth of treasury stocks in 2022 and 2023, ▲Management acquired stocks to reinforce responsible management, ▲Continuous implementation of year-end dividend, and ▲Corporate value enhancing plans to be disclosed within this year.

On the afternoon of the 4th, LOTTE Chemical hosted the "CEO Investor Day" ceremony at The-K Tower in Yeouido for major domestic institutional investors and analysts. This event marked the first appearance of CEO Hun Ki Lee since his appointment to present the company's strategy.

“We will actively respond to the fast-paced changes with clear directives and objectives for qualitative growth,” said CEO Lee at the greetings. “With successful portfolio transformation, we aim to achieve over 50 trillion KRW in corporate value by 2030.”

As part of the execution plan, the company plans to establish a sustainable business structure by setting clear directions for its strategic business units: Basic Chemicals, Advanced Materials, Fine Chemicals, Battery Materials, and Hydrogen Energy.

For Basic Chemicals, the plan is to reinforce its role as a cash cow through Asset Light and maximizing operational efficiency, while reducing its part in the portfolio to below 30% by 2030.

For Advanced Materials, the plan is to settle as the core of a sound portfolio by maintaining a stable revenue structure from functional products and gradually increasing volume, aiming to achieve 8 trillion KRW in revenues by 2030.

Fine Chemicals will focus on fostering the eco-friendly green materials business and ceaseless identifying new business opportunities to expand revenues to 5 trillion KRW by 2030.

Additionally, for Battery Materials, the company aims to establish a global leading position centered on anode and cathode materials and explore further business opportunities, targeting 7 trillion KRW in revenues by 2030.

For Hydrogen Energy, LOTTE Chemical plans to establish a business foundation by utilizing by-product hydrogen from LOTTE chemical group and expand its portfolio by securing clean hydrogen and ammonia overseas, aiming to achieve 4 trillion KRW in revenues by 2030.

LOTTE Chemical also continues efforts to enhance financial soundness by restructuring the business portfolio through selling inefficient assets, attracting investments to manage business risks, and withdrawing businesses for strategic purposes.

The company aims to increase the proportion of high value-added products for product enhancement and enhance cost competitiveness by expanding LPG input. At the same time, it plans to optimize operational efficiency through the production of high-margin alternative products using incompetent facilities.

Additionally, LOTTE Chemical plans to expand investment risk management and improve cash flow by adjusting plans for new and ongoing investments that involve significant cash outflows.

LOTTE Chemical is also promoting policies to enhance shareholder value. The company completed a cumulative 1 trillion KRW worth of treasury share buyback in 2022 and 2023, and despite aggravating performance, implemented a year-end dividend of 3,500 KRW per share for two consecutive years. This year, in a move to strengthen responsible management, 102 executives purchased 50,000 shares (56 billion KRW) collectively. Additionally, LOTTE Chemical plans to disclose its corporate value enhancement plan by the end of the year in alignment with government policy guidelines through its Corporate Value Up program.