22 October 2008 Slide 1 Results 3Q08 Results 3Q08 Martin De Prycker, CEO 22 October 2008

22 October 2008 Slide 2 Highlights 3Q08  Sales growth at 4% with varied performance of the different divisions. Sales increased 9% at constant exchange rates, 4% generated by High End Systems and 5% organic growth  Moderate order intake 11% lower than 3Q07, which was driven by one very large order in Medical Imaging; negative impact of economic uncertainty causing customers to delay/cut capital investments  EBIT decline before restructuring to € (1.7) million, a reduction of € 9.7 million, driven by lower gross margin and increase in operating cost structure  First results of inventory and receivables reduction plan visible, with € 10 million reduction realized vs end 2Q08  First actions of the cost reduction plan have been implemented and will yield first results already in 4Q08

22 October 2008 Slide 3 Operational results In € million 3Q083Q07Growth 08/07 At real FX At constant FX Orders %-7% Orderbook % Sales %9% EBIT (before restructuring) (1.7) %-99% Restructuring cost3.2 EBIT(4.9) %-139%

22 October 2008 Slide 4 Results per quarter Results per quarter In € million

22 October 2008 Slide 5 Overall comments  Sales growing 4% despite negative currency impact –Strong growth in Media & Entertainment, but entirely thanks to the acquisition of HES, flat in Medical Imaging and in Other Markets and drop in Security & Monitoring –Strong growth in Western Europe, flat in North America, weak in Asia Pacific  Gross profit at € 58.9 million lower than € 66.1 million last year, due to exchange rates, product mix, price pressure and sell-off of slow moving inventory  Operating cost increase driven by increase of R&D and S&M expenses, and by HES acquisition  EBIT at € (4.9) million, € 12.9 lower than 3Q07, after a negative currency impact of € 1.7 million and restructuring charges of € 3.2 million

22 October 2008 Slide 6 Evolution of results per division In € million3Q083Q07Sales growth 08/07 Sales% EBITSales% EBIT At real FX At constant FX Media & Entertainment % %12%17% Security & Monitoring % %-7%-4% Medical Imaging % %-1%5% Other % %2%8% Eliminations(3.6)0.0%(7.0)0.0% Total % %4%9%

22 October 2008 Slide 7 Media & Entertainment Division (1) In € million

22 October 2008 Slide 8 Media & Entertainment Division (2)  Orders/Sales –Overall orders and sales in Events good, mainly supported by new LED products and High End Systems, acquired in June 2008 –Events orders soft in North America –Media sales and orders improved significantly –Digital Cinema showed a moderate improvement vs 3Q07 in sales, but strong in orders  Margins –EBIT at 0.1%, weak due to significant lower gross margin, caused by sell-off of slow moving inventory and competitive pressure in markets with reduced demand Sales increase 12.3% YoY Orders increasing 23.3% YoY Profit much lower than 3Q07

22 October 2008 Slide 9 Security & Monitoring Division (1) In € million

22 October 2008 Slide 10 Security & Monitoring Division (2)  Orders –Marginal decline in orders with strong performance of Traffic & Surveillance –Continued growth in APAC  Sales –Sales declined 7.4% at constant exchange rates  Margins –EBIT margin very weak at (3.4)% vs 3.9% in 3Q07, due to lower sales Good order intake but lower sales resulted in negative EBIT

22 October 2008 Slide 11 Medical Imaging Division (1) In € million

22 October 2008 Slide 12 Medical Imaging Division (2)  Orders / Sales –Orders weak and much lower, as we booked a large one time order the year before –Healthy sales growth of 5% at constant exchange rates vs 3Q07 –Lower sales in mammography caused by stock depletion by customers, offset by Coronis Fusion ramping up  Margins –Good EBIT margin at 8.5%, vs 9.3% in 3Q07 Continued good sales volume, resulting in good profitability

22 October 2008 Slide 13 Other Markets (1) In € million

22 October 2008 Slide 14 Other Markets (2)  Orders / Sales –Order intake strong in simulation, but weak in avionics and presentation –Sales growing in avionics, but weaker in simulation and presentation  Margins –EBIT margin negative at (9.0)% vs 2.4% in 3Q07, as lower gross profit could not offset the high investments in product development for simulation and avionics  Actions and outlook –All activities related to presentation projectors are being merged with the events projector business to save cost –Avionics and simulation to be merged into one division to save costs Overall weaker sales and high R&D investments result in negative EBIT

22 October 2008 Slide 15 Geographical breakdown of sales EMEA +8%* Americas -1%* APAC -3%* * At real FX

22 October 2008 Slide 16 Key figures Income Statement In € million3Q08%3Q07% Sales Cost of goods sold (120.6) (67.2) (106.7) (61.8) Gross Profit Research & Development Sales & Marketing General & Administration Other operating result 58.9 (20.7) (28.9) (12.1) (11.5) (16.1) (6.7) (18.0) (26.8) (12.1) (1.1) 38.2 (10.4) (15.5) (7.0) (0.6) EBIT before restructuring(1.7)(1.0) Restructuring cost(3.2)(1.8)0.0 EBIT(4.9)(2.7) Non-operating result(1.5)(0.8) (0.5) Income Taxes2.81.6(1.1)(0.6) Net Income from continuing operations (3.6)(2.0) Net Income from discontinued operations Net Income EBITDA Net Earnings per Share (in €)

22 October 2008 Slide 17 Key figures Balance Sheet In € million 30/09/0830/06/08 Accounts Receivable Inventory Trade Payables Net Working Capital Net Financial Debt DSO 10% lower Q on Q Inventory turns improved vs June 2008, but further improvement is possible

22 October 2008 Slide 18 Expectations full year 2008  A cost reduction plan of € 30 million is being implemented –Internal synergies –Simplification of the organization –Cost containment –Discontinuation of non strategic activities  This plan is being implemented gradually, headcount end September was already reduced by 133 net versus end June  One time restructuring cost expected of around € 20 million, € 4.8 million was already taken in 1st nine months  Although the orderbook is strong, the uncertainty in some of our markets is high  Contrary to the previous guidance, we are no longer confident that 2H08 EBIT will be higher than 1H08 EBIT

22 October 2008 Slide 19 Capital reduction  The divestiture of BarcoVision was closed on 30 September We intended to return the cash from this divestiture to the shareholders by means of a capital reduction  Seen the current turmoil and liquidity risks in the financial markets, we have decided not to go ahead with this capital reduction