Page 1 Barco Company overview Ann Galland Director Corporate Marketing June 2004
Page 2 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
Page 3 Mission statement To be world leader in professional visualization and display solutions
Page 4 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 US Georgia: Kennesaw, *Duluth, Atlanta New Jersey: Atlantic City North Carolina: Charlotte Ohio: *Xenia Oregon: *Beaverton Utah: *Logan California: *Sacramento Canada Ontario: Toronto South America Brazil: Sao Paulo * R&D and/or Manufacturing AmericasEMEAAsiapac
Page 5 Presentation & Simulation Barco Vision Barco View Company structure Media Events Digital Cinema Medical imaging Avionics Traffic Control Defense & Security Textiles Plastics Control Rooms Media & Entertainment Simulation VAR Edutainment Presentation Broadcast Traffic Surveillance Corporate Support Information TechnologyTechnologyFinance & Administration Human ResourcesCorporate MarketingInvestor Relations Sales Markets 34% 19% 18% 13% 12% Manufacturing Services 5%
Page 6 Market overview
Page 7 Air Traffic Management Displays, graphics controllers, toolbox software solutions, archiving & recording systems and operational & maintenance support software for real-time air traffic management
Page 8 Skyguide, Zurich
Page 9 Spata Airport Tower, Athens, Greece
Page 10 Avionics Cockpit displays such as primary flight displays, navigation displays, control display units, engine instrument displays Situational awareness displays for critical flight applications
Page 11 Beriev-200
Page 12 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
Page 13 E2C-Hawkeye
Page 14 E2C-Hawkeye
Page 15 Fully Integrated Tactical System, EADS
Page 16 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
Page 17 UZA Edegem
Page 18 Nio, Industry-standard medical viewing system
Page 19 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
Page 20 Kylie Minogue
Page 21 Robbie Williams
Page 22 MTV Europe awards
Page 23 Frankfurt Car Show
Page 24 Tokyo Car Show
Page 25 Armani Fashion Show
Page 26 Media Full color LED display systems and peripheral equipment used in –sports arenas –corporate HQs –shopping malls & flagship stores –theme parks –advertising,...
Page 27 University of Texas, Austin
Page 28 Picanol HQ, Belgium
Page 29 Fashion Show, Las Vegas
Page 30 Glasgow City Screen
Page 31 Quiksilver, Times Square, New York
Page 32 Digital Cinema –Conversion of analog to digital –Huge potential of ±120,000 theaters worldwide High end Home Cinema
Page 33 Movie Theater
Page 34 Post production
Page 35 Simulation Total simulation solutions, including proprietary projector and screen technology, mechanical engineering and maintenance software for –Flight –Air traffic –Car & Ship
Page 36 Ericsson SAAB Avionics flight simulator
Page 37 NASA Space Shuttle Simulator
Page 38 HELISIM Helicopter Simulator
Page 39 ATC Simulator, NLR, Rotterdam
Page 40 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
Page 41 PSA France
Page 42 Schlumberger Oasis iCenter, Abu Dhabi, UAE
Page 43 Calgary Center for Innovative Technology (Canada)
Page 44 Edutainment Total projection solutions, from brainstorm to delivery For museums, science centers, aquariums, planetariums, theme parks & leisure centers
Page 45 L’Astronef, Saint-Etienne, France
Page 46 Goto Virtuarium, Japan
Page 47 Presentation Networked projection solutions for meeting rooms, from executive boardrooms to large auditoriums Enabling collaborative videoconferencing between remote sites
Page 48 CaixaForum, Barcelona, Spain
Page 49 World Economic Forum, Davos
Page 50 Prestonwood Baptist Church, Texas
Page 51 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
Page 52 Telekom Ulm, Germany
Page 53 Nuon, the Netherlands
Page 54 EMC Digital Head End, Taiwan
Page 55 ASTRA Luxembourg ASTRA, Luxembourg
Page 56 NCP Manchester, UK
Page 57 FAA, Atlanta, USA
Page 58 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
Page 59 De Witte Lietaer, Belgium
Page 60 Concordia Textiles, Belgium
Page 61 Geographical breakdown of sales
Page 62 Employees MKT: Marketing & Sales R&D: Research & Development MAN: Manufacturing CS: Customer Service ADM: Administration LOG: Logistics Total number: February 2003
Page 63 Strategy: expand in 3 dimensions Displays Image processing Content & applications EU NA APAC Vertical markets Products Solutions Geographies
Page 64 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
Page 65 Strategy: extend product lifecycle Expanding high-end niche strategy into mid-end by adopting different business models 90% 10% 0% IN 3 YRS 80% 18% 2% NOW
Page 66 Operational results full year 2003 in € mio Growth 03 / 02 Orders nominal (3%) Orders comparable ** % Sales nominal (6%) Sales comparable ** % EBITA *(3%) EBITA comparable ** % EBITA % % Book-to-bill % * Before restructuring of € 2.5 mio ** $/€ 19 % lower in full year
Page 67 Operational results Q in € mio Q1 2003Q Growth Q1 04 / Q1 03 (%) Orders nominal Orders at constant currencies Sales nominal Sales at constant currencies EBITA EBITA at constant currencies EBITA % Book-to-bill
Page 68 Questions & answers Thank you for your time!