Slide 1: OLED Investor Presentation
OLED INVESTOR PRESENTATION Updated: February 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED m
Slide 3: Universal Display Corporation (UDC) Overview
Universal Display Corporation (UDC) Overview Who We Are UDC (Nasdaq: OLED) is a leader in the OLED Pioneer Enabling Industry Growth research, development & commercialization of OLED technologies and materials for use in display and solid-state lighting Leading Global Supplier of Energy- Efficient PH
Slide 4: UDC Global Footprint
UDC Global Footprint United States UDC HQ (NJ) Adesis, Inc. (DE) UDC Ventures LLC (NY) PPG (PA & OH) UDC China UDC HQ UDC Hong Kong UDC Ireland OLED Material Manufacturing Ltd (OM2) & PPG UDC Japan UDC Korea UDC Taiwan More Than Including Universal Vapor Jet Corporation (UVJC) Singapore 460 339 Empl
Slide 5: UDC: Strong Corporate Citizen
UDC: Strong Corporate Citizen UDC’s Energy-Efficient Diverse & Inclusive Workplace Diverse Board of Directors Phosphorescent Materials 100% UniversalPHOLED® emitters Geographic: from over 25 countries 45% female and 55% male1 save energy Gender: 23% female and 77% male1 Named a 2025 Champion of Boar
Slide 6: UDC's Business Model
UDC’s Business Model Innovation & OLED Enabler Revenues Invention Device & License & Patent Licensing Architecture IP Royalty Fees Composition PHOLED Emitters & Hosts Material Sales of Matter IP 6
Slide 7: Strong, Broad & Deep Patent Portfolio
Strong, Broad & Deep Patent Portfolio RGB • We develop and license enabling technologies Phosphorescent OLEDs that are at the heart of consumer OLED products (PHOLEDs) Dry Printing Plasmonic worldwide, from AR/VR, smartwatches, (UVJP) PHOLED smartphones, IT (tablets, laptops, monitors), automotive a
Slide 8: What Is an OLED?
What Is an OLED? • An Organic Light Emitting Diode is a series of organic thin films between two conductors • When electrical current is applied, bright light is emitted • OLEDs can be used for displays and lighting • OLEDs are not just thin and efficient - they can also be made flexible and transpa
Slide 9: UniversalPHOLED = Energy Efficiency
UniversalPHOLED® = Energy Efficiency UDC’s patented and award-winning phosphorescent OLED technology and materials are integral to enabling low power consumption in OLED displays and lighting. Key Benefits of Phosphorescent Phosphorescent OLED (PHOLED) Innovation Emitters Energy Efficiency • Enable
Slide 10: UniversalPHOLED Energy Efficiency Innovation
UniversalPHOLED® Energy Efficiency Innovation Smartphone Display Power Consumption Current performance (2025) Red & green PHOLED w/ fluorescent blue ~72% Energy consumption compared to 2015 Projected additional performance improvement Full red, green & blue PHOLED vs. Prior devices containing fluore
Slide 11: Phosphorescent OLED Carbon Savings
Phosphorescent OLED Carbon Savings Calculated assumptions There are at least 2 billion active OLED smartphones using UDC’s PHOLED materials and technology in the world today and, assuming: Average luminance at 600 Average use is 4 hours per day Power savings is 30% over LCD nits with 50% pixels on P
Slide 12: OLED Display Market Potential
OLED Display Market Potential $70 $66.4 $63.3 $60.0 $60 $57.2 $52.1 $51.3 $50 Revenue (in Billions) $40 $30 967M 925M 891M $20 853M 817M 811M $10 $0 2025 2026 2027 2028 2029 2030 Mobile TV IT Wearables Other Unit numbers are for OLED smartphones only Source: Omdia OLED Display Market Tracker – Q3 20
Slide 13: OLED Display Panel Demand
OLED Display Panel Demand 27.8 28 25.8 23.9 24 21.9 Square Meters (in Millions) 20 18.8 19.6 16 7.6M 7.7M 7.5M 12 7.3M 6.9M 6. 8M 8 4 0 2025 2026 2027 2028 2029 2030 Mobile TV IT Wearables Other Unit numbers are for OLED TVs only Source: Omdia OLED Display Market Tracker – Q3 2025 (January 2026) 13
Slide 14: Strong OLED Display Market Drivers
Strong OLED Display Market Drivers Lower Power Superior More Cost Usage Aesthetics Effective • RED Phosphorescence reduces • Improved image quality • Fewer manufacturing process power consumption by up to 25% • Thin and Light steps • Add GREEN: Up to 45% • 180 degree viewing angle • Lower bill-of-ma
Slide 15: OLEDs Across the Consumer Electronics Landscape
OLEDs Across the Consumer Electronics Landscape AR/VR & Gaming Wearables Smartphones Foldables & Slideables IT Automotive TVs Tablets, laptops & monitors 15
Slide 16: Strong OLED Lighting Market Drivers
Strong OLED Lighting Market Drivers Energy-efficient & Highly desirable Form factor & low- environmentally color quality cost potential friendly • Low drive voltage • Wide range of CCT, high • Thin and lightweight • Low operating CRI possible • Transparent temperatures, cool to touch • Color tunable
Slide 17: OLED Lighting Around the World
OLED Lighting Around the World 17
Slide 18: UVJP: A Novel Manufacturing Process Platform Technology
UVJP: A Novel Manufacturing Process Platform Technology Organic Vapor Jet Printing Myriad Potential Applications OLED or other Batteries Carrier gas in Nozzle array TV material vapor out prints a series of parallel lines on Wearable OLED substrate Displays Clean Electronics Monitors Energy Additi ve
Slide 19: Strategic Display & Lighting Partnerships
Strategic Display & Lighting Partnerships SEEYA TECHNOLOGY 19
Slide 20: Historical Financial Performance
Historical Financial Performance Revenue Income ($ in millions) $648 $651 $242 $617 $222 $600 $576 $210 $554 $203 $200 $184 $500 $160 $400 $300 $120 $200 $80 $100 $40 $- 2021 2022 2023 2024 2025 Royalty & License $219 $267 $238 $267 $275 $0 2021 2022 2023 2024 2025 OLED Materials $319 $331 $322 $365
Slide 21: Robust Capital Structure
Robust Capital Structure In thousands, except share data December 31, 2025 Cash, Cash Equivalents, Short-Term and Long-Term Investments* $955,345 Total Assets $1,963,762 Long-Term Debt -- A/P and Accrued Liability $75,908 Deferred Revenue $22,954 Shareholders’ Equity $1,761,019 Total Shares Outstand
Slide 22: Company Summary
Company Summary Lighting up the OLED Revolution Comprehensive & Blue-Chip Customer OLED Leader Strong Financials Robust IP Base • Inventing, Developing and • $955M Cash, No Debt* • Largest Phosphorescent • Displays: Samsung, LG Commercializing • $20.04 in Cash/Share* OLED (PHOLED) Display, BOE, Tian