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1 LMS IR Book Sep. 2011

2 2011 Business Structure Chap LMS s Business Position & Plan Chap 2. Investment Summary Chap 3. Appendix This document is designed to help investors have a better understanding of LMS and make an investment decision based on the most objective facts. This document contains forward-looking statements including planning, forecast, and estimation that are made based upon current expectations. Actual results could differ materially from those projected in the forward looking statements as a result of risks and uncertainties. LMS does not guarantee accuracy and completeness of such forward-looking statements contained here.

This document contains forward-looking statements including planning, forecast, and estimation that are made based upon current expectations.

3 2011 LMS Business Structure Brightness enhancement film of TFT-LCD BLU Optical Pick-up Lens CD / DVD / BD lens of the signal Expansion of Application (From mobile phone to laptop) Market leader of High Brightness Prism Sheet field Prism Sheet Oligopolists with Asahi glass Building the barrier of patent penetration Global M/S 20% AMOLED Material < LCD Module Structure > New Item for Reverse Prism Sheet - LED Lighting HTL ETL HOST DOPANT 3

Sheet field Prism Sheet Oligopolists with Asahi glass Building the barrier of patent penetration Global M/S 20%

Phone, etc.) Medium Size (Tablet PC, etc.

4 1-1. Evolution of LMS s prism sheet business Maintaining N0.1 mobile phone market share with smartphone market growing, Strengthening molopoly market dominance by developing ultra brightness prism sheet Market status LMS s Expected effects Small Size (Mobile Phone, etc.) Medium Size (Tablet PC, etc.) - LMS s 2010 M / S 60% - Increasing M / S in smartphone - Smartphone needs ultra brightness prism sheet - LMS s 2010 M / S 20% - Sales growth as Smartphone size is larger compare to exisiting feature phone - Compatible 3M product with quality / pricecompetitiveness - Increasing M/S in Japanese LCM Market Large Size (Laptop, etc.) Technologic trends - LMS s 2010 M / S 10% - Compatible 3M product with quality / pricecompetitiveness - M/S 80% of LGD - Reverse Prism Sheet patents by MRC (refer to Appendix) Halogen Free Prism Sheet Ultra Slim Prism Sheet Ultra Brightness(120% up) Prism Sheet Reverse Prism Sheet 4

5 1-2. Reverse Prism Sheet Reverse Prism Sheet enhance the market power in the medium and large size prism sheet Patent License Agreement Expected Quarterly Revenue (단위 Unit: : Billion(KRW) 억원) Sales Cumulative sales (annual) Q 2Q 3Q 4Q 20121Q 2Q 3Q 4Q Reverse Prism Sheet Market Apple's MacBook Air and Premium Mobile Phone - Mac Book Air : Ultra brightness and Slim (Apple s MacBook Air) Reverse Prism Sheet Market Situation - Sharp unveiled plans to expand Reverse prism sheet marketing aggressively - Samsung, LGD actively promote developing new product with Reverse prism sheet Benefits of LMS - Securing alternative product of DBEF(3M) and strengthening Market dominance - Expecting revenue 20 billion(krw) in

6 1-3. Optical pick-up lens sales growth expectations Optical pick-up lens sales increased in 2011, Global M / S 20% Optical lens Global M/S Expected Quarterly Revenue Unit: Billion(KRW) Company Ashai Glass M/S 2010(a) 90% M/S(E) 2011(b) 80% Inc/Dec (b-a) 10% Optical lens Optical lens Market LMS 10% 20% 10% 15 (Source: LMS estimate) Optical pickup lens structure and market characteristics Q 2Q 3Q 4Q 20111Q 2Q(E) 3Q(E) 4Q(E) 1. About 100 billion(krw) global market 2. Applies: CD / DVD / Blu-ray 3. Asahi Glass monopoly 4. Market size is expected to increase due to 3D title Competition of LMS 1. Destroy Asahi Glass monopoly 2. Unique patent 3. Price / quality / technology competitiveness 4. Reflecting interest due to the Japan earthquake (Prices increase 30 ~ 50% ) 6

8 4 4.2 Optical pickup lens structure and market characteristics 0 20101Q 2Q 3Q 4Q 20111Q 2Q(E) 3Q(E) 4Q(E) 1. About 100 billion(krw) global market 2. Applies: CD / DVD / Blu-ray 3.

7 1-4. Material Development for AMOLED High Efficiency, Long Life, High Thermal Resistance compared to Developed AMOLED Material ( Mobile Phone ~ TV ) LMS s Technical Background - Resin Fomulation Technology - Excellent researchers - Joint development with major customer Road Map of AMOLED Material Development A M O L E D Organique 유기인광 Phosphorescence R,G,B 재료 개발 R,G,B High TV용 Thermal 고내열성, Resistance 장수명 HTL Material HTL 재료 (TV) 개발 Fluorescence TV용 형광B 재료 B Material 개발 (Host & Dopant) Mobile용 High Efficiency 고효율 Long 장수명, Life, High 고효율 Effic- 용액공정용 Luminescent 발광재료 Material 개발 HTL HTL Material 재료 (Mobile) 개발 iency ETL ETL 재료 Material 개발 (phosphorescence, (인광 인광, 형광) fluorescence)

R,G,B 재료 개발 R,G,B High TV용 Thermal 고내열성, Resistance 장수명 HTL Material HTL 재료 (TV) 개발 Fluorescence TV용 형광B 재료 B Material 개발 (Host & Dopant) Mobile용 High Efficiency 고효율 Long 장수명,

8 1-6. New business investment plans Annual investment spending (단위 Unit: :억원) Billion(KRW) 2011 Investment Benefits Prism Sheet / Reverse Prism Sheet Optical Lens Equipment Automatiom to increase production efficiency Automation and CAPA expansion E AMOLED New business Investment Details Unit: Billion(KRW) E Items L a n d / B u i l d i n g s land and building (including expansion) M a c h i n e r y Prism Sheet Optical Lens Automation equipment CAPA of Optical Lens expansion L G P E q u i p m e n t LGP Line expansion N e w Business De velop Equipment AMOLED equipment investment, etc. T o t a l

2011E Items L a n d / B u i l d i n g s 4.5 9.4 6.4 12 land and building (including expansion) M a c h i n e r y Prism Sheet Optical Lens 2.5 0.9 2.4 0.5 2.

9 Investment Summary 2011 Consolidated sales of 100 billion / Operating profit 25 billion / net income 20 billion (KRW) Strengthening molopoly market dominance by developing ultra brightness prism sheet Reverse Prism Sheet enhance the market power in the medium and large size prism sheet Optical pick-up lens sales growth in 2011 Global M / S 20% High Efficiency, Long Life, High Thermal Resistance compared to Developed AMOLED Material ( Mobile Phone ~ TV ) The Composite Plate for LED TV & LED Lighting will eventually replace a LGP Optical lens facilities and investment for the development of AMOLED will proceed 9

lens sales growth in 2011 Global M / S 20% High Efficiency, Long Life, High Thermal Resistance compared to Developed AMOLED Material ( Mobile Phone ~ TV )

10 3-1. Company Overview Overview Business areas Prism Sheet / Optical pick-up Lens / LGP Company Name President LMS Co.,Ltd. Woo-Joo Lah Address 340-6, Jinwi industrial Complex, Cheongho-ri, Jinwi-myeon, Pyeongtaek-si, Gyeonggi-do, Korea Foundation date 13 February 1999 No. of emplyees 285 (as of June 2011) Capital(common) stock US$ 4.6 mil. (8,747,718 Shares) History Feb Establishment Aug Development of Prism Sheet(LAS) Oct New Tech Korea bronze Awards (MKE) Dec The next Korean world-class product award by MKE Jan Invested by SVIC (US$ 2.1 mil.) Mar Invested by Korea Development Bank (US$ 2.1 mil.) Jul Designated as Advanced Technology Center(ATC) by MKE Dec Invested by JAFCO Investment (US$ 2.1 mil.) Shareholders Individual and institutional investors 4,300,253 (49.1%) Largest Shareholder, etc. 2,919,718 May 2005 Invested by Cowell Investment Capital (US$ 0.8 mil.) 2005 Nov Achievement of US$ 10million Export National Nov Established Taiwan branch office Pension Service 2006 Nov Established a kiheung factory 546,445 Nov Achievement of US$ 50million Export Treasury Stock(LMS) (6.3%) May 2007 Established Japan branch office 494,304 May 2007 Established Suzhou factory in China (5.7%) 2007 Oct IPO in KOSDAQ Franklintempleton Oct Excellent Capital Goods Prize(the Prime Minister Prize) 486,998 Nov Korea material & Component Technology Prize(MKE) (5.7%) Dec The Korean world-class product award by MKE 2011 Jul Change the company name (LGS -> LMS) Nov Korea Hiddan Champion (KRX/ an export-import bank) Mar Korea World Class 300 (MKE) 8,747,718 Shares (33.5%) - As of Dec

of emplyees 285 (as of June 2011) Capital(common) stock US$ 4.6 mil. (8,747,718 Shares) History 1999 2003 2004 Feb. 1999 Establishment Aug.. 2002 Development of Prism Sheet(LAS) Oct.

11 3-2. Executives CEO : Woo-Joo Lah Executives Position Name Experience Vice President CTO Yong Sik Shim Yonsei University, Metal Engineering Stevens Institute of Technology Mechanical Engineering M.S., PhD Samsung Electronics Production Technology Center Group Chief Senior Director Display Business Sung Min Jo Inha University, Mechanical Engineering Stevens Institute of Technology, Mechanical Engineering M.S. / Samsung Electronics Central R&D Center Senior Director Optical Information Business Young Soo Oh Kyunghee University, Electrical Engineering Samsung Corporation, IT Team / Telson TNT, Overseas Marketing Technical Director Material Business Joung Ok, Choi Seoul National University, metal engineering M.S., PhD Orion Electronics DooSan MechaTek Display Technical Director Technical Development Young Il Kim Yonsei University, Mechanical Engineering M.S. Samsung Electronics Central R&D Center Experience Yonsei Univ. Applied Statistics State University of New York, MBA Samsung Corporation, Trade team Managing Director CFO Jong Min Kim Seoul National University, Business Administration Korean Airline / Samil PricewaterhouseCoopers (CPA) LGS Corporation CEO LMS CEO Technical Director New item Development Min Soo Lee Yonsei University, Mechanical Engineering M.S. Samsung Electronics New item R&D Center 11

12 3-3. Earnings and Investment Details(K-GAAP) Earnings Details Unit : % FY05 FY06 FY07 FY08 FY09 FY10 Growth Rate of Sales Growth Rate of Operating income Growth Rate of Net income Operating income margin Net income margin ROI ROE Current ratio Debt-to-equity ratio Reserve ratio , ,422.7 Investment Details FY05 FY06 FY07 FY08 FY09 FY10 Capital(common) stock (100 million won) End of period number of shares issued (shares) 5,606,718 6,591,218 8,814,718 8,859,718 8,747,718 8,747,718 Earnings per share (won) ,187 2,156 EBITDA per share (won) 973 1,270 1,014 1,107 1,918 2,548 Book-value per share (won) 656 1,885 3,998 4,160 5,289 7,193 Sales per share (won) 3,632 4,287 6,058 7,623 7,851 8,275 PER (times) PBR (times)

6 17.7 ROE 50.0 38.4 11.2 8.9 22.0 29.1 Current ratio 105.5 128.2 139.8 145.2 121.0 141.7 Debt-to-equity ratio 455.9 125.4 105.4 85.8 90.2 64.1 Reserve ratio 33.4 296.4 780.0 817.5 1,016.2 1,422.

13 3-4. Summary Financial Statements(K-GAAP) (Unit : Billion KRW) FY05 FY06 FY07 FY08 FY09 FY10 Current assets Non-current assets Total assets Current liabilities Non-current liabilities Total liabilities Capital stock Capital surplus Retained earnings Capital adjustment - - (1.1) (1.6) (2.5) (2.9) Total capital Sales revenue Cost of goods and services sold Gross profit Selling and administrative expenses Operating income Income before income taxes expenses Net income

5 Capital stock 2.9 3.5 4.6 4.6 4.6 4.6 Capital surplus 2.2 5.0 25.1 23.9 23.9 23.9 Retained earnings - 1.2 5.3 9.5 12.4 21.3 39.3 Capital adjustment - - (1.1) (1.6) (2.5) (2.9) Total capital 3.9 13.

14 340-6, Jinwi industrial Complex, Cheongho-ri, Jinwi-myeon, Pyeongtaek-si, Gyeonggi-do, Korea Tel Fax patricklee@lmsglobal.com

슬라이드 1

슬라이드 1 CJ 2007 CONTENTS 2006 CJ IR Presentation Overview 4 Non-performing Asset Company Profile Vision & Mission 4 4 - & 4-4 - & 4 - - - - ROE / EPS - - DreamWorks Animation Net Asset Value (NAV) Disclaimer IR