OLED INVESTOR PRESENTATION

Updated: February 2024

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 market and

the Company's opportunities in that market, are forward-looking financial statements within the

meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation's current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled "Risk Factors" in Universal Display Corporation's Annual Report on Form 10-K for the year ended December 31, 2023. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

2

Universal Display Corporation (UDC) Overview

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, Universal Display's innovation strategy has centered on building a strong foundation of best-in-class OLED materials and technologies.

OLED Pioneer Enabling Industry Growth

Leading Global Supplier of Energy- Efficient PHOLED Materials

Innovator with Robust IP Portfolio of 6,000+ patents issued and pending worldwide*

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

*As of May 30, 2023

3

UDC: Strong Corporate Citizen

UDC's Energy-Efficient

Phosphorescent Materials

100% UniversalPHOLED® emitters save energy

UDC's emitters do not use conflict minerals

Diverse & Inclusive Workplace

Geographic: from over 25 countries

Gender: 22% female and 78% male*

Cultural diversity

Board of Directors

38% female and 62% male*

Named a 2023 Champion of Board Diversity by The Forum of Executive Women

Community Outreach

ISO Certifications

Recognitions

Foster educational STEM initiatives

ISO 9001:2015 (quality)

Newsweek: America's Greenest

Companies 2024

Support community organizations

ISO 14001:2015 (environment)

WSJ: The 250 Best-Managed

Employee charity matching program

ISO 45001:2018 (health/safety)

Companies 2023

*As of 12/31/2023

| ESG = Environment, Social Responsibility and Governance

4

UDC's Global Footprint

United States

UDC HQ (NJ)

Adesis, Inc. (DE)

OVJP Corporation (CA)

UDC Ventures LLC (NY)

PPG (PA & OH)

UDC China

UDC Hong Kong

UDC Ireland

OLED Material Manufacturing Ltd (OM2) & PPG

UDC Japan

UDC Korea

UDC Taiwan

As of December 31, 2023

UDC HQ

More Than

450

Employees

Including more than

320

Scientists, engineers and technicians

5

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
  • Increase lifetime
  • Lower product cost

Cornerstone: Phosphorescent OLED (PHOLED) Innovation

Energy Efficiency

100% Light*

Electric

Phosphorescent

0% Wasted Heat

Current

Emitter

With trailblazing energy efficiency:

Up to 4x the efficiency of fluorescent OLED

*100% Internal Quantum Efficiency Baldo et. al., Nature, 395, 151 (1998)

6

UniversalPHOLED® Energy Efficiency Innovation

800

Smartphone Display Power Consumption

600

Current performance (2023)

(mW)

Red & green PHOLED w/ fluorescent blue

400

64%

Energy consumption

Power

compared to 2015

Projected additional performance improvement

Full red, green & blue PHOLED vs. Prior devices containing fluorescent blue

200

24%

Energy consumption

compared to 2023

0

2015

2018

2021

2022

2023

RGB (PHOLED)

Red & green PHOLED with fluorescent blue

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

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UniversalPHOLED® Energy Efficiency Innovation

1400

1200

1000

(mW)

800

Power

600

400

200

0

2015

2018

2021

2022

Red & green PHOLED with fluorescent blue

Smartphone Display Power Consumption

PHOLED is up to 3x more energy efficient than LCD.

While both technologies continue to make efficiency gains, PHOLED is widening the energy efficiency gap.

AMLCD

AMOLED

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

8

Phosphorescent OLED Carbon Savings

Calculated assumptions

There are at least 1.8 billion active OLED smartphones using our PHOLED materials and technology in the world today and:

Average use is 4 hours per day

Average luminance at 600 nits with 50% pixels on

Power savings is 30% over LCD

Power savings

Power saving per display is 0.46W

Total savings per year is an estimated 1,216 GW-h per year

861,758 Metric tons of carbon dioxide

Equivalent to carbon sequestered by

14,249,241 tree seedlings

(CO2) equivalent avoided per year*

grown for 10 years*

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

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UDC's Business Model

Innovation &

Invention

Device &

Architecture IP

Composition

of Matter IP

OLED Enabler

Patent Licensing

PHOLED Emitters

& Hosts

Revenues

License &

Royalty Fees

Material Sales

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Disclaimer

Universal Display Corporation published this content on 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2024 21:23:28 UTC.