22 August 03, page 1 Company Confidential Results Second Quarter 2003 and 6 months ended June 30, 2003 Martin De Prycker President & CEO August 22, 2003

22 August 03, page 2 Company Confidential Operational results Q and H in € mioQ2 2002H1 2002Q2 2003H Growth H1 03 / H1 02 Orders nominal % Orders comparable % Sales nominal % Sales comparable % EBITA % EBITA % %

22 August 03, page 3 Company Confidential Results per quarter in € mio

22 August 03, page 4 Company Confidential Overall comments Q Comparable sales declining 2 % at unchanged €/$ rate versus Q (19.1 % decline) Nominal sales declining 11 % at actual €/$ rate vs Q Weak economy delayed ordering decisions in April/May, reducing our Q2 sales, but order level picked up again in June Book-to-bill ratio very good at 1.07 > 1 EBITA at 11 %, lower than Q (12.7 %) –Price pressure compensated by cost reduction on direct cost. As such, gross profit stable at 45 % –Dollar has caused a reduction of EBITA of around 4 € million vs last year EBITA first half 2003 at 10.6 %, higher than first half 2002 at 10 %, despite 9 € million less profit because of $ effect

22 August 03, page 5 Company Confidential Evolution of results per division

22 August 03, page 6 Company Confidential BarcoProjection (1) in € mio

22 August 03, page 7 Company Confidential BarcoProjection (2) Sales –Market leadership in events confirmed through strong sales levels both in LED and projection –Weak sales caused by economic uncertainty, mainly affecting Control rooms in utilities Simulation in civil aviation Fast market transition from CRT to DLP hurting Home Theater, led to restructuring decision Stand-alone projectors Orders –Successes in media US through Logan acquisition and in Europe –Strong orders in control rooms for traffic, surveillance and broadcast put foundation for good H2 –First successes with simulation for homeland security and V&AR in medical EBITA –Despite reduced sales volume, profit margin stable at 45 %, resulting in EBITA above 6 % New products introduced –Streaming video for traffic & security control rooms –2K digital cinema projector (first order received) –Digital projector with i-stereo inside Acquisition status –Trans-Lux West successfully integrated in Q2 –Leyard delayed because of SARS and unresolved legal issues. Target closing in September

22 August 03, page 8 Company Confidential BarcoView (1) in € mio

22 August 03, page 9 Company Confidential BarcoView (2) Sales –Air Traffic Control performing well, keeping our market share substantially above 50% –Slightly weaker sales in medical imaging as our customers are depleting their inventory levels Orders –Strong ATC orders confirm our market leadership –Avionics orders strong –Orders in Defense & Security remain low, but market pick up anticipated for 2nd half 2003 EBITA –Gross profit stable at 46 % –Profit margin good above 13 % New products introduced –Mid range medical LCD flat panel (Nio) –Multifunctional rugged display for defense & security

22 August 03, page 10 Company Confidential BarcoVision (1) in € mio

22 August 03, page 11 Company Confidential BarcoVision (2) Sales –Textile business performing well, but first signs of business weakness in systems –Good sales for Machine Vision Orders –Order level of textile lower, entering the downturn cycle in the textile business EBITA –Gross profit stable at 44 % –Profit margin very strong above 18 % New products to be launched at ITMA 03 –New polypropylene sensor –Extended range of on-loom inspection (Cyclops) –New family of wireless data collection & monitoring systems

22 August 03, page 12 Company Confidential Situation Machine Vision Barco has sold its food sorting machine business to BEST nv on July 31 and deconsolidated as of July 1, resulting in a marginal non-operating profit Machine Vision had a sales of 8.5 € million in the first half of 2003 with low profitability With a 15 % market share, it was unlikely to bring this business to the average Barco profit margin level over a reasonable period of time

22 August 03, page 13 Company Confidential Barco Subcontracting in € mio

22 August 03, page 14 Company Confidential Barco Subcontracting Sales –Weaker than Q1, but operating cost decreased by reducing number of temporary contracts and temporary unemployment Orders –Stronger than Q EBITA –Cost containment allowed us to improve the operational profit margin to 6.6 % Organization –Assessing a more efficient organization of all electronic sub-assembly activities within all Barco divisions

22 August 03, page 15 Company Confidential Geographical breakdown of sales Q FY 2002 In Q2 03, sales to Americas increased by 3.8% in US $ vs Q2 02

22 August 03, page 16 Company Confidential Key figures Income Statement in € mioQ2 02H1 02Q2 03H1 03 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 €)

22 August 03, page 17 Company Confidential Key figures Balance Sheet in € mio 31/12/0230/06/03 Accounts Receivable Inventory Net cash

22 August 03, page 18 Company Confidential Share buy-back program As approved at the General Shareholder meeting, Barco started a share buy-back program to offset the dilution of its option programs On July 31, Barco had bought back 95,928 shares for a total of 4.98 € million

22 August 03, page 19 Company Confidential Expectations Q Target sales: € million which means an increase of at least 3 % at comparable $ Target EBITA: between 7 and 12 € million, i.e. comparable to Q Economic uncertainty continues to keep investment climate weak in certain markets Dollar evolution impacts both sales – as 45 % of our sales is in $ related currencies – and EBITA and makes Q4 predictability more difficult, but normally Q4 is the strongest quarter Continue to improve –Internal processes w.r.t. non-quality cost, delivery performance, working capital and indirect manufacturing cost –Sales coverage: China, Japan and Canada –New product development