27 April 2005, page 1 Company Confidential Results 1Q05

27 April 2005, page 2 Company Confidential Martin De Prycker CEO April 27, 2005

27 April 2005, page 3 Company Confidential Operational results 1Q05 in € million 1Q 20041Q 2005 Growth 1Q 05 / 1Q 04 (%) Orders Sales EBITA (58.0) EBITA % (59.3) Book-to-bill $/€ 5% lower in 1Q05

27 April 2005, page 4 Company Confidential Results per quarter in € million

27 April 2005, page 5 Company Confidential Overall comments 1Q05 Very good order intake at € million, i.e % growth Sales 3.0 % above 1Q 2004 Very good book-to-bill ratio of 1.12 increased the orderbook at end of 1Q Gross profit margin reduced to 40 %, due to continued price pressure in some of our markets, but variable margins stabilize vs 4Q04 thanks to first results of improved supply chain EBITA weak at 4.2 %, mainly due to lower gross profit margin and increased investment in Sales & Marketing in Asia and North America Actions implemented to improve gross profit margin and reduce operational cost by reducing manpower Restructuring cost of € 0.77 million in Media & Entertainment included in EBITA in 1Q, will result in cost saving of € 2.5 million over the remainder of the year Increased sales efforts to increase sales to compensate partially for lower margin

27 April 2005, page 6 Company Confidential Evolution of results per division 1Q041Q05 Sales% EBITA Sales% EBITA % View Media & Entertainment Presentation & Simulation Control Rooms Vision Manufacturing Services (13.2) Eliminations Total in € million sales

27 April 2005, page 7 Company Confidential BarcoView (1) in € million

27 April 2005, page 8 Company Confidential BarcoView (2) Orders –Good book-to-bill ratio of 1.1 –Orders in Defense & Security weak vs 1Q04 –Orders in Medical have grown strongly vs 1Q04 with success in North America and Europe –Strong orders in Traffic Management, with first large successes in Vessel Traffic Sales –Strong sales growth in Medical confirms strong market –Defense and Traffic Management deliveries weaker than last year Margins –Gross profit margin stable at 44.2 % –Profit margin at 7.8 % weaker than last year, because of higher operational cost (esp. Voxar R&D and S&M) Supply chain –Actions are taken to reduce supply chain risks

27 April 2005, page 9 Company Confidential Barco Media & Entertainment (1) in € million

27 April 2005, page 10 Company Confidential Barco Media & Entertainment (2) Orders –High book-to-bill ratio of 1.21 –High order level in Events, especially with projectors and new indoor/outdoor LED –Strong Media orders, especially in Asia and Europe –Digital Cinema orders continue to grow Sales –Flat sales year on year –Media sales high in Europe and Asia, but weaker in US –Good Events sales worldwide (lower in US), particularly for projector products –Slightly weaker sales in Digital Cinema Margins –Gross profit margin at 33.3 % –Refocusing of our media business on more profitable niches, and stopping manufacturing in US, resulted in worldwide manpower reduction of 65 people –EBITA margin almost break-even before restructuring cost of € 0.77 million New products introduced –Projection : “RLM R6+” (entry-level 3 chip SXGA+) –LED : Indoor/Outdoor SMD “O-Lite-510”

27 April 2005, page 11 Company Confidential Barco Presentation & Simulation (1) in € million

27 April 2005, page 12 Company Confidential Barco Presentation & Simulation (2) Orders –Orders at a lower level than 1Q04, mainly in US –Orders for new projector at high level compensate for price pressure in mid-range projector market –Book-to-bill ratio of 1.01 Sales –Presentation Lower than 1Q04 because of price erosion in mid-range product, but first good sales of high-end projector –Simulation Sales higher than 1Q04, but weak in civil aviation Margins –Gross profit margin at 40.6 % –Weaker EBITA margin at 3.6 % because of lower volumes, and continued price pressure in mid-range projector market

27 April 2005, page 13 Company Confidential Barco Control Rooms (1) in € million

27 April 2005, page 14 Company Confidential Barco Control Rooms (2) Orders –Continued strong growth in orders vs 1Q04, growing with 32 % –Book-to-bill at 1.24, increasing backlog Sales –Good sales in all segments, particularly strong in Traffic & Surveillance –High growth in Asia and Europe Margins –Gross profit margin down at 39.7 % but variable profit margin stabilizing vs 4Q04 thanks to cost down actions, although still lower than 1Q04 –EBITA margin weak at 4.1 % because of lower volume –Cost improvement actions and shifting of the majority of manufacturing to India, will result in gradual improvement of margins

27 April 2005, page 15 Company Confidential BarcoVision (1) in € million

27 April 2005, page 16 Company Confidential BarcoVision (2) Sales & Orders –Book-to-bill weak at 0.86 –Good sales level in 1Q05 thanks to some orders of 2004 –Weaker orders and sales in systems business because of uncertainty w.r.t. WTO impact Margins –Gross profit margin at 44.7 %, better than 1Q04 –EBITA margin very good at 15.5 % thanks to excellent cost control

27 April 2005, page 17 Company Confidential Barco Manufacturing Services (1) in € million

27 April 2005, page 18 Company Confidential Barco Manufacturing Services (2) Sales –Sales 13 % lower than last year Margins –EBITA margin at –4.7 %, weak due to lower volume and price pressure in electronic manufacturing –In order to improve profitability, actions will be taken to further reduce cost of operations

27 April 2005, page 19 Company Confidential Geographical breakdown of sales 1Q Q 2005

27 April 2005, page 20 Company Confidential Key figures Income Statement 1Q05 in € million1Q04%1Q05% Sales Cost of goods sold Gross Profit Research & Development Sales & Marketing General & Administration Other operating result EBITA Goodwill amortization Operating Result Non-operating result Income Taxes Net Income Current Cash Flow Current Earnings per Share (in €) Net Earnings per Share (in €)

27 April 2005, page 21 Company Confidential Key figures Balance Sheet in € million 31/03/0431/12/0431/03/05 Accounts Receivable Inventory Cash Financial debt

27 April 2005, page 22 Company Confidential Expectations 2Q05 Order target between € 180 – 190 million, vs € million in 2Q04 Sales target: between € 170 – 180 million, vs € million in 2Q04 EBITA between € 14 and 19 million

27 April 2005, page 23 Company Confidential Questions & Answers