26 July 04, page 1 Company Confidential Results Second Quarter 2004 and 6 months ended June 30, 2004 Martin De Prycker CEO July 27, 2004

26 July 04, page 2 Company Confidential Operational results 2Q 2004 and 1H 2004

26 July 04, page 3 Company Confidential Results per quarter in € million

26 July 04, page 4 Company Confidential Overall comments 2Q 2004 (1) Good order intake at € million, a YoY growth of 5.6%, 8.6% at unchanged exchange rates Sales growth of 8.6%, 11.5% at unchanged exchange rates Good book-to-bill ratio of 1.04 increased the order book for the 6th consecutive quarter Gross profit margin stabilized at 44.1%, below 2Q03, due to changing product mix and pricing pressure in some of our markets EBITA at 10.9%, remained stable vs 2Q03 despite a 5.7% weaker dollar Currency fluctuation negatively impacts EBITA YoY by € 0.7 million

26 July 04, page 5 Company Confidential Overall comments 2Q04 (2) Operational profit (EBITA) margin remained unchanged YoY, despite a higher sales volume due to a changing product mix and higher operational costs –Product mix: margins on LED below Barco’s average, but continuously improving –Recurring operational cost increases: higher number of personnel and salary adds approximately € 3 million –Non-recurring operational cost increases: provisions of € 2 million

26 July 04, page 6 Company Confidential Evolution of results per division in € millionSales% EBITASales% EBITA View Media & Entertainment Presentation & Simulation Control Rooms Vision * Manufacturing Services Eliminations, Machine Vision, dotrix Total Q03 2Q04 * Excludes results from Machine Vision, divested in July 2003

26 July 04, page 7 Company Confidential BarcoView (1) in € million

26 July 04, page 8 Company Confidential BarcoView (2) Orders –Very good book-to-bill ratio at 1.1 –Orders in Defense & Security improved from 2Q03 levels –Orders in Medical remain high –Strong orders in Traffic Management, but comparable with last year Sales –Strong sales volume in Medical confirms market leadership, although lower than 1Q04 levels –Defense deliveries slightly higher than in 2Q03 –Traffic Management at the same level as in 2Q03 Margins –Good EBITA margin of 13.6%, thanks to high gross profit margin of 47,4% New products introduced –LCD for mammography –On Board Information terminal (OIT) for A380 –Micro Vista: deployable rugged workstation –Modular Rugged Display Station for processing and display in high resolution –Rugged flat panel display for night bridge applications

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

26 July 04, page 10 Company Confidential Barco Media & Entertainment (2) Overall improvements versus last year driven by organic growth and acquisitions in the US and China Orders –Book-to-bill ratio at 1.02 –Strong orders in Media, especially in China and first successes in North America in sports market, especially in NBA –Successes in Events worldwide, including Folsom –Digital Cinema continues to show positive signs for start in 2005, with good orders coming in from NA, Europe and Asia Sales –Sales increased by 40.2% YoY –Good Media sales but with a weaker profit margin –Extremely good Events sales worldwide, helped by Euro 2004 and Olympic Games Margins –Gross profit margin stable at 37.9% QoQ, but better than in 2Q03 –EBITA margin at 6.5%, improved vs last year as a result of good profit in Events, but margin still not at target level due to investments in Media and Digital Cinema New products introduced –Media: SLite 22 –Events: “Encore” controller and SLM R12

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

26 July 04, page 12 Company Confidential Barco Presentation & Simulation (2) Orders –Order intake grew by 21% YoY; book-to-bill at 0.96 due to high sales volume in 2Q04 –High order intake in Virtual Reality and Simulation Sales –Presentation Stable sales vs 2Q03 and 1Q04 –Simulation Sales strong in Security applications Good sales in museums and planetariums Margins –Gross profit margin at 48.2%, above 1Q04 level, but weaker than 2Q03 –Good EBITA margin at 12.8% vs 5.7% in 1Q04, but negatively impacted by low margin in Presentation New products introduced –High resolution projector with HD format at Infocomm will improve our position in top-end of the presentation market

26 July 04, page 13 Company Confidential Barco Control Rooms (1) in € million

26 July 04, page 14 Company Confidential Barco Control Rooms (2) Orders –Continued strong growth in orders vs 2Q03: +18.1% compared with 2Q03, continuing to increase the order book –Book-to-bill at 1.15 very high, with successes in North America, Asia and Middle East Sales –High growth worldwide of 33.7% –Good worldwide sales in all segments, particularly strong in Traffic & Surveillance –Strong inroads into Security applications in the US and Europe Margins –Gross profit margin at 50.5%, slightly better than 2Q03, despite pricing pressures –EBITA margin very high at 14.4% New products introduced –Introduction DLP engine DR120 for replacement market –Announced RGB frame grabber at Infocomm exhibition

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

26 July 04, page 16 Company Confidential BarcoVision (2) Sales & Orders –Book-to-bill ratio at 0.93 confirms weaker textile market, although July shows some pick up, thanks to differentiating products (PP sensors and Cyclops automatic inspection system for more complex fabric styles) –Results do not include Machine Vision, divested in July 2003 Margins –Gross profit margin improved sequentially to 45.7% from 43,7% –EBITA margin lower than usual at 10% due to low volumes, but still good reflecting cost control

26 July 04, page 17 Company Confidential Barco Manufacturing Services (1) in € million

26 July 04, page 18 Company Confidential Barco Manufacturing Services (2) Sales & Orders –Sales & orders increased driven by a higher external order volume and particularly as a result of the internal reorganization Margins –EBITA margin declined to –0.6% reflecting the increase in personnel in the Czech Republic and temps in Belgium –These additions in personnel resulted in a temporary decline in efficiency

26 July 04, page 19 Company Confidential Geographical breakdown of sales 1H03 1H04

26 July 04, page 20 Company Confidential Regional comments first half 2004 North America Flat sales in €, due to the 10% depreciation of the USD Growth in North America in most markets, especially in Control Rooms, Media, Events and Medical Asiapac Overall 30% growth in Asiapac China’s performance remains strong, mainly in Control Rooms, Simulation, Media and Events Double digit growth in South East Asia, Korea and India EMEA Flat sales YoY, but with regional/market differences Growth for Control Rooms, Simulation, Media and especially Events France and Germany weaker than 2003, UK stronger and in particular Spain and Italy doing well Central & Eastern Europe strong in Control Rooms Middle East strong in Media

26 July 04, page 21 Company Confidential Key figures Income Statement 2Q04

26 July 04, page 22 Company Confidential Key figures Balance Sheet in € million 30/06/0331/12/0330/06/04 Accounts Receivable Inventory Cash Financial debt

26 July 04, page 23 Company Confidential Expectations 3Q04 Sales target: between € 150 – € 160 million, representing a YoY growth of around 7% at the middle of the range EBITA of between € 10 and € 15 million, YoY growth of around 25% Current EPS between € 0.63 and € 0.94 versus € 0.61 in 3Q03

26 July 04, page 24 Company Confidential Questions & Answers