OLED Investor Presentation

OLED INVESTOR PRESENTATION

Updated: May 2026

Universal Display Corporation (UDC) Overview

Key Industry Partner Providing Support with 30-Years of OLED Expertise

Innovator with Robust IP Portfolio of 7,000+ Patents Issued and Pending Worldwide*

Leading Global Supplier of Energy-Efficient PHOLED Materials

OLED Pioneer Enabling Industry Growth

Who We Are

UDC (Nasdaq: OLED) is a leader in the research, development & commercialization of OLED technologies and materials for use in display and solid-state lighting applications.

• Founded in 1994

• Subsidiaries and offices around the world

• Since inception, UDC's innovation strategy has centered on building a strong foundation of best-in-class OLED materials and technologies.

*As of March 31, 2026

3

UDC Global Footprint

UDC HQ

United States

UDC HQ (NJ)

Adesis, Inc. (DE)

UDC Ventures LLC (NY) PPG (PA & OH)

UDC China

UDC Hong Kong

UDC Ireland

OLED Material Manufacturing Ltd (OM2) & PPG

UDC Japan

UDC Korea

Universal Vapor Jet Corporation (UVJC) Singapore

As of March 31, 2026

More Than

470

Employees

Including

340

Scientists, engineers and technicians

4

UDC: Strong Corporate Citizen

100% UniversalPHOLED® emitters save energy

UDC's emitters do not use conflict

minerals

UDC's Energy-Efficient Phosphorescent Materials

Geographic: from over 25 countries

Gender: 23% female and 77% male1 Cultural diversity

Diverse & Inclusive Workplace

45% female and 55% male1

Named a 2025 Champion of Board Diversity by The Forum of Executive Women

Diverse Board of Directors

ISO 9001:2015 (quality)

ISO 14001:2015 (environment)

ISO 45001:2018 (health/safety)

ISO Certifications

Foster educational STEM initiatives Support community organizations

Employee charity matching program

Community Outreach

Ecovadis: Bronze Sustainability Rating

Newsweek: America's Most

Responsible Companies 2026

Recognitions

1As of December 31, 2025

UDC's Business Model

Device & Architecture IP

Composition

of Matter IP

Strong, Broad & Deep Patent Portfolio

Dry Printing (UVJP)

RGB

Phosphorescent OLEDs (PHOLEDs)

Plasmonic PHOLED

Device Architectures

AI Machine Learning

Panel Architectures

NIR* PHOLEDs

Light

Out-Coupling

• We develop and license enabling technologies that are at the heart of consumer OLED products worldwide, from AR/VR, smartwatches, smartphones, IT (tablets, laptops, monitors), automotive and TVs to lighting products.

• We believe that our extensive portfolio of patents, trade secrets and know-how enable our leadership position in the OLED ecosystem.

• Our R&D innovations allow us to continuously bolster the depth and breadth of our global OLED intellectual property framework, which currently stands at more than 7,000 issued and pending patents worldwide (as of March 31, 2026).

What Is an OLED?

Cathode EIL

ETL

EML EBL HTL HIL

Anode

UniversalPHOLED®

Materials in Emissive Layer

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 Emitters

• Enable energy efficiency

• Reduce requirements for heat dissipation components

  Phosphorescent OLED (PHOLED) Innovation

  Energy Efficiency

  
  
  

  100% Light*

• Increase lifetime

• Lower product cost

Electric Current

Phosphorescent Emitter

0% Wasted Heat

*100% Internal Quantum Efficiency

Baldo et. al., Nature, 395, 151 (1998)

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 fluorescent blue

~25%

Energy consumption compared to 2025

UniversalPHOLED® Energy Efficiency Innovation

Red & green PHOLED with fluorescent blue

Based on a 5.0" OLED display operating at 600 cd/m2 with video (50% pixels on). PHOLED data is based on UDC estimates. PHOLED=Phosphorescent

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:

nits with 50% pixels on

Average use is 4 hours per day Average luminance at 600

Power savings is 30% over LCD

Power savings

Power saving per display is 0.46W Total savings per year is an estimated 1,343 GW-h per year

902,295 Metric tons of carbon dioxide

(CO2) equivalent avoided per year1

Equivalent to carbon sequestered by

14,919,533 tree seedlings grown for 10 years1

1https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator 11

OLED Display Market Potential

960M

880M

839M

$49.7

$59.2

$56.0

$52.7

$65.9

$62.2

$70

$60

Revenue (in Billions)

$50

$40

$30

$20

$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 - Q1 2026 (April 2026)

OLED Display Panel Demand

28

27.4

25.5

24

Square Meters (in Millions)

20 18.9 19.3

23.6

21.7

16

12

6.8M

8

1. 9M

2. 3M

7.5M

7.6M

7.6M

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 - Q1 2026 (April 2026)

Strong OLED Display Market Drivers

Lower Power Usage

Superior Aesthetics

More Cost Effective

Foldables & Slideables

OLEDs Across the Consumer Electronics Landscape

IT

Automotive

TVs

Tablets, laptops & monitors

AR/VR & Gaming

Wearables

Smartphones

Strong OLED Lighting Market Drivers

Energy-efficient & environmentally friendly

• Low drive voltage

• Low operating temperatures, cool to touch

• Long lifetime

• Easy to control

Highly desirable color quality

Form factor & low-cost potential

OLED Lighting Around the World

UVJP: A Novel Manufacturing Process Platform Technology

Myriad Potential Applications

TV

Batteries

Monitors

OLED

Displays

Clean Energy

Wearable Electronics

Signage & Lighting

Flexible Substrates

Automotive

Organic Photodetectors

UVJP

Universal Vapor Jet Printing

Internet of Things

Printed Electronics

Organic PV

Environmental Monitoring

Artificial

Organs

Tissue Culture

Lab-on-a-Chip

Drug Delivery

Molecular Medicine

Health Monitoring

Diagnostic Testing

Organic Vapor Jet Printing

Carrier gas in

OLED or other material vapor out

Nozzle array prints a series of parallel lines on substrate

*

Heated evaporator

Substrate

* Image depicts printing of blue after dry printing red and green using OVJP.

Benefits:

• Cost-effective • Precise thickness control

• High throughput • Co-deposition and multilayer

• Dry printing printing

• Highly Scalable • Multiple deposition layers in

• Digitally controlled patterning one chamber

Strategic Display & Lighting Partnerships

SEEYA TECHNOLOGY

Historical Financial Performance Revenue Income

($ in millions)

$617

$554

$576

$210

$222

$203

$184

$648 $651

$242

$600

$500

$400

$200

$160

$300

$120

$200

$80

$100

$-

2021 2022 2023 2024 2025

$40

Royalty & License $219 $267 $238 $267 $275

OLED Materials $319 $331 $322 $365 $353

$0

2021 2022 2023 2024 2025

Contract Research Services

$16 $18 $16 $15 $23