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Barco Company overview

Ann GallandDirector Corporate Marketing June 2004

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Barco

• International company, headquartered in Kortrijk, Belgium, with a global presence in over 90 countries

• Listed on Euronext Brussels, part of BEL 20 and Next 150

• Sales in 2003: € 629 mio

• EBITA: € 69 mio

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Mission statement

To be world leader in professional visualization and display solutions

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Worldwide presence

Europe

Belgium*

Czech Republic*

Denmark

France*

Germany*

Italy

Poland

Russia

Spain

Switzerland*

The Netherlands

United Kingdom*

Middle East

Israel

UAE: Dubai

Asia

China: *Beijing, Chengdu,

Guangzhou, Shanghai,

Hong Kong

India: Delhi, *Noida, Mumbai,

Bangalore

Japan:*Tokyo, Osaka, Nagoya

Malaysia: Kuala Lumpur

Singapore

South-Korea: Seoul

Taiwan: Taipei

Thailand: Bangkok

Pacific

Australia: Melbourne, Sydney

North America

USGeorgia: Kennesaw, *Duluth,

Atlanta

New Jersey: Atlantic City

North Carolina: Charlotte

Ohio: *Xenia

Oregon: *Beaverton

Utah: *Logan

California: *Sacramento

CanadaOntario: Toronto

South America

Brazil: Sao Paulo

* R&D and/or Manufacturing

Americas EMEA Asiapac

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Presentation & Simulation

BarcoVision

BarcoView

Company structure

MediaEventsDigital Cinema

Medical imagingAvionicsTraffic ControlDefense & Security

TextilesPlastics

ControlRooms

Media & Entertainment

SimulationVAREdutainmentPresentation

BroadcastTraffic Surveillance

CorporateSupport

Information Technology Technology Finance & Administration

Human Resources Corporate Marketing Investor Relations

Sales

Markets

34% 19% 18% 13% 12%

Manufacturing Services 5%

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Market overview

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Air Traffic Management

• Displays, graphics controllers, toolbox software solutions, archiving & recording systems and operational & maintenance support software for real-time air traffic management

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Skyguide, ZurichSkyguide, Zurich

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Spata Airport Tower, Athens, GreeceSpata Airport Tower, Athens, Greece

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Avionics

• Cockpit displays such as primary flight displays, navigation displays, control display units, engine instrument displays

• Situational awareness displays for critical flight applications

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Beriev-200Beriev-200

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Defense & Security

• Rugged visualization solutions, including flat panel displays, graphics controllers, consoles and workstations, recording solutions and rugged computers

• Used in a variety of defense and security applications for reconnaissance, surveillance and intelligence gathering purposes

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E2C-HawkeyeE2C-Hawkeye

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E2C-HawkeyeE2C-Hawkeye

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Fully Integrated Tactical System, EADSFully Integrated Tactical System, EADS

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Medical Imaging

• PACS (Picture Archiving and Communication Systems)– High quality flat panel display systems, graphics

controllers, QA management software and projection systems

• Custom imaging solutions– Customized hardware and software solutions to

expand the functionality of modalities, including: X-ray, CT, MRI, Endoscopy, Ultrasound

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UZA EdegemUZA Edegem

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Nio, Industry-standard medical viewing system Nio, Industry-standard medical viewing system

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Events

• LED, projection and control equipment for rental & staging industries

• Used at concerts with products gracing the shows of Madonna, U2, Jennifer Lopez, Paul Mc Cartney and many more

• Used for corporate events such as car shows, exhibitions, fashion shows, seminars

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Kylie MinogueKylie Minogue

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Robbie WilliamsRobbie Williams

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MTV Europe awards

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Frankfurt Car ShowFrankfurt Car Show

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Tokyo Car Show Tokyo Car Show

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Armani Fashion ShowArmani Fashion Show

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Media

• Full color LED display systems and peripheral equipment used in

– sports arenas– corporate HQs– shopping malls & flagship stores– theme parks– advertising, ...

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University of Texas, AustinUniversity of Texas, Austin

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Picanol HQ, BelgiumPicanol HQ, Belgium

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Fashion Show, Las VegasFashion Show, Las Vegas

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Glasgow City ScreenGlasgow City ScreenGlasgow City Screen

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Quiksilver, Times Square, New YorkQuiksilver, Times Square, New York

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Digital Cinema

• Digital Cinema – Conversion of analog to digital – Huge potential of ±120,000 theaters worldwide

• High end Home Cinema

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Movie TheaterMovie Theater

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Post productionPost production

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Simulation

• Total simulation solutions, including proprietary projector and screen technology, mechanical engineering and maintenance software for – Flight– Air traffic – Car & Ship

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Ericsson SAAB Avionics flight simulator Ericsson SAAB Avionics flight simulator

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NASA Space Shuttle SimulatorNASA Space Shuttle Simulator

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HELISIM Helicopter SimulatorHELISIM Helicopter Simulator

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ATC Simulator, NLR, RotterdamATC Simulator, NLR, Rotterdam

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Virtual Reality

• Display solutions for immersive visualization markets

– Oil & gas• Display systems to visualize seismic data, complex reservoir

models, well logs and geologic cross sections

– Automotive• Display systems facilitating virtual prototyping design,

engineering and manufacturing of a new automobile, reducing time-to-market

– Science• Pharmaceutical & medical modeling • Scientific research and education

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PSA FrancePSA France

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Schlumberger Oasis iCenter, Abu Dhabi, UAESchlumberger Oasis iCenter, Abu Dhabi, UAE

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Calgary Center for Innovative Technology (Canada)Calgary Center for Innovative Technology (Canada)

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Edutainment

• Total projection solutions, from brainstorm to delivery

• For museums, science centers, aquariums, planetariums, theme parks & leisure centers

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L’Astronef, Saint-Etienne, FranceL’Astronef, Saint-Etienne, France

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Goto Virtuarium, JapanGoto Virtuarium, Japan

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Presentation

• Networked projection solutions for meeting rooms, from executive boardrooms to large auditoriums

• Enabling collaborative videoconferencing between remote sites

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CaixaForum, Barcelona, SpainCaixaForum, Barcelona, Spain

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World Economic Forum, DavosWorld Economic Forum, Davos

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Prestonwood Baptist Church, TexasPrestonwood Baptist Church, Texas

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Utilities, Telecom, Broadcast, Traffic & Surveillance

• Visualization, image processing & software integration for

– broadcast and distribution monitoring centers

• Integrated display wall solutions for– traffic management centers– surveillance centers

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Telekom Ulm, GermanyTelekom Ulm, Germany

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Nuon, the NetherlandsNuon, the Netherlands

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EMC Digital Head End, TaiwanEMC Digital Head End, Taiwan

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ASTRA LuxembourgASTRA, LuxembourgASTRA, Luxembourg

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NCP Manchester, UKNCP Manchester, UK

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FAA, Atlanta, USAFAA, Atlanta, USA

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Textiles & Plastics

• Sensors & systems for visual inspection and quality control

– Spinning– Weaving– Finishing (dyeing)

• CIM systems for the plastics injection molding, blow molding, extrusion, packing and assembly industry

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De Witte Lietaer, BelgiumDe Witte Lietaer, Belgium

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Concordia Textiles, BelgiumConcordia Textiles, Belgium

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Geographical breakdown of sales

31.9%

16.3%

51.8%

50.9%

32.8%

16.3%

EMEAAMERICASASIAPAC.

2003

2002

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Employees

• MKT: Marketing & Sales• R&D: Research & Development• MAN: Manufacturing• CS: Customer Service• ADM: Administration• LOG: Logistics

Total number: 4.089

February 2003

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Strategy: expand in 3 dimensions

Displays Image processing

Content &applications

EU

NA

APAC

Vertical markets

Products Solutions

Geographies

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Strategy: market-driven & technology-enabled

• Continue to invest in R&D: € 75 mio/year, i.e. around 12% of sales

• Listen to our customers by strengthening involvement of key customers in our product design

• More than 60% of our products did not exist two years ago

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Strategy: extend product lifecycle

0 30 60 90Time

Volume/maturity

Own design/ manufacturing

ODM/low labor manufacturing

License /IPR

Expanding high-end niche strategy into mid-end by adopting different business models

90% 10% 0%

IN 3 YRS 80% 18% 2%

NOW

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Operational results full year 2003

in € mio 2002 2003 Growth 03 / 02

Ordersnominal

680.7 662.6 (3%)

Orderscomparable **

680.7 715.4 5%

Sales nominal

669 629 (6%)

Sales comparable **

669.0 681.8 2%

EBITA 71.2 69.1* (3%)

EBITA comparable **

71.2 90.0 26%

EBITA % 10.6 11.0 4%

Book-to-bill 1.02 1.05 3%

* Before restructuring of € 2.5 mio** $/€ 19 % lower in full year

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Operational results Q1 2004

in € mio Q1 2003 Q1 2004 Growth Q1 04 / Q1 03 (%)

Ordersnominal

157.9 153.9 -2.5

Orders atconstant currencies

157.9 164.6 +4.3

Sales nominal 151.1 149.2 -1.2

Sales atconstant currencies

151.1 158.8 +5.1

EBITA 15.4 15.4 0.0

EBITA atconstant currencies

15.4 16.6 +7.0

EBITA % 10.2 10.3 +1.1

Book-to-bill 1.05 1.03 -1.4

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Questions & answers

Thank you for your time!