27 October 04, page 1 Company Confidential Results Third Quarter 2004 Martin De Prycker October 27, 2004

27 October 04, page 2 Company Confidential Results 3Q04 in € million 3Q033Q04Growth 3Q03/ 3Q04 Orders as reported Orders at constant currencies % 11.5% Sales as reported Sales at constant currencies % 12.0% EBITA as reported EBITA at constant currencies % 36.6% EBITA % % Book-to-bill US$/€ dropped 8% Y/Y

27 October 04, page 3 Company Confidential Results per quarter in € million

27 October 04, page 4 Company Confidential Overall comments 3Q04 (1) Good order intake at € million, a YoY growth of 8.1%, 11.5% at unchanged exchange rates Sales growth of 8.9%, 12.0% at unchanged exchange rates Sales growth of € 12.9 million, two third thanks to organic growth, one third thanks to acquisitions of Folsom and Voxar (for only 2 weeks) Book-to-bill ratio of 1.01 increased the order book for the 7 th consecutive quarter, mainly in Media & Entertainment Gross profit margin declined from 42.4% to 41.6%, mainly because of lower margins in the Control Rooms division EBITA at 8.4%, improved vs 6.9% in 3Q03 Currency fluctuation negatively impacted EBITA YoY by € 0.5 million

27 October 04, page 5 Company Confidential Overall comments 3Q04 (2) Other operating results: increase of € 2 million –positively affected by incentive of the Flemish Government for the growth in personnel and infrastructure investments –negatively affected by an additional provision for customers in financial difficulties of the Media & Entertainment division

27 October 04, page 6 Company Confidential 3Q03 3Q04 Evolution of results per division Sales% EBITA Sales% EBITA View Media & Entertainment Presentation & Simulation Control Rooms Vision Manufacturing Services Eliminations Total in € million

27 October 04, page 7 Company Confidential BarcoView (1) in € million

27 October 04, page 8 Company Confidential BarcoView (2) Orders –Lower book-to-bill ratio at 0.94 –Orders in Defense & Security weaker than in 3Q03 –Orders in Medical remain high: 32% higher Y/Y –Better orders in Traffic Management than last year Sales –Strong sales volume in Medical (33% growth) confirms market leadership, but pressure on gross margin –Defense sales below 3Q03 –Traffic Management sales below 3Q03 Margins –Good EBITA margin of 16.0%, thanks to high gross profit margin of 45% and one time elements New products introduced –Color LCD screen for medical

27 October 04, page 9 Company Confidential Barco Media & Entertainment (1) in € million

27 October 04, page 10 Company Confidential Barco Media & Entertainment (2) Overall improvements versus last year driven by organic growth and acquisition in the USA (Folsom) Orders –Book-to-bill ratio at 1.19 –Strong orders in Media worldwide –Successes in Events worldwide, including Folsom –Digital Cinema received good orders in Asia and Europe, but big start of digitalization in the USA delayed for 6 months Sales –Sales increased by 21% YoY –Good Media sales but only close to break-even –Good Events sales worldwide, with growing Folsom sales in Europe and Asia –Sales in Digital Cinema illustrate a further penetration of new digital technology in cinema theaters Margins –Gross profit margin at 34%, lower than 1Q04 and 2Q04 because of high media volume with a lower gross profit margin (transfer to China delayed) –EBITA margin at 1.8%, improved vs last year as a result of larger volumes with good profit in Events, but margin still not at target level due to investments in Media and Digital Cinema. Provisions for customers in difficulties have reduced profit QoQ New products introduced –SLM 9 K lumen projector for Events –“OEM product “ for Cinemeccanica Digital Cinema

27 October 04, page 11 Company Confidential Barco Presentation & Simulation (1) in € million

27 October 04, page 12 Company Confidential Barco Presentation & Simulation (2) Orders –Orders in Presentation flat vs 3Q03, but improved vs 1Q04 and 2Q04 and significant orderbook –Orders slightly lower in Simulation vs 3Q3 –Book-to-bill for the division at 0.93 Sales –Presentation Better sales vs 3Q03 of 15%, showing the first positive result of networked solution –Simulation Strong sales in Simulation including a mini-dome simulator display system at Lockheed Martin Margins –Gross profit margin declined from 51% to 45% due to product mix, price pressure in Presentation, and delivery of some lower margin projects in Simulation –Profit margin at 7.1% (lower than 3Q03) New products introduced –New family of Galaxy 3 chip DLP projectors with unique stereoscopic, color matching and warping features

27 October 04, page 13 Company Confidential Barco Control Rooms (1) in € million

27 October 04, page 14 Company Confidential Barco Control Rooms (2) Orders –Continued strong order input at the good level of 3Q03 –Book-to-bill at 0.9 Sales –High growth worldwide of 40% –Good worldwide sales in all segments, particularly strong in Traffic & Surveillance, but also growing interest in process control –Strong inroads into security applications in the USA and Europe; illustrated by contract with US Coast Guard valued at US$ 23 million over 4 years Margins –Gross profit margin at 42%, weaker than 3Q03 at 49%, due to quality issues and sole supplier deliveries, as well as to some very large projects with lower gross margins –EBITA margin lower at 8.3% vs 12.6% last year New products introduced –Overview DR+: display system with SXGA+ resolution –Overview DR120: projector oriented at retrofit market –New versions of wall management software

27 October 04, page 15 Company Confidential BarcoVision (1) in € million * Excludes Machine Vision, divested in July 2003

27 October 04, page 16 Company Confidential BarcoVision (2) Sales & Orders –Book-to-bill ratio at 1.08 may be a first indication of end of downturn in the textile cycle, although WTO decision on textile export still delays investment decisions Margins –Gross profit margin stable at 45% –EBITA margin lower than usual at 8.3% due to low volumes, but still reflecting efficient cost control

27 October 04, page 17 Company Confidential Barco Manufacturing Services (1) in € million

27 October 04, page 18 Company Confidential Barco Manufacturing Services (2) Sales & Orders –Sales & orders increased, driven by internal reorganization Margins –EBITA margin declined to -0.9%, reflecting the increase in personnel in the Czech Republic and in temps in Belgium, as well as the high outsourcing level –Operational costs are already lower than 2Q04, resulting in a lower break-even point, thanks to increased efficiency –Consolidation of automatic soldering in 2 factories now finalized –Consolidation of manual soldering still in implementation and first phase to be finished by end 2004

27 October 04, page 19 Company Confidential Geographical breakdown of sales 3Q03 3Q04

27 October 04, page 20 Company Confidential Key figures Income Statement 3Q04

27 October 04, page 21 Company Confidential Key figures 9 months YTD Change 04/03 Sales (€ mio) % EBITA (€ mio) % EBITA (%) % Net profit (€ mio) % Current EPS (€) % Net EPS (€) %

27 October 04, page 22 Company Confidential Key figures Balance Sheet in € million 30/09/0331/12/0330/09/04 Accounts Receivable Inventory Cash Financial debt

27 October 04, page 23 Company Confidential Expectations 4Q04 Sales target: between € 182 and € 192 million, representing a YoY growth of around 7% at the middle of the range EBITA between € 24 and € 29 million Current EPS between € 1.53 and € 1.85 versus € 1.83 in 4Q03

27 October 04, page 24 Company Confidential Questions & Answers