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Page 1 Barco Company overview Ann Galland Director Corporate Marketing June 2004
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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
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Page 3 Mission statement To be world leader in professional visualization and display solutions
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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
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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%
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Page 6 Market overview
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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
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Page 8 Skyguide, Zurich
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Page 9 Spata Airport Tower, Athens, Greece
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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
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Page 11 Beriev-200
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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
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Page 13 E2C-Hawkeye
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Page 14 E2C-Hawkeye
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Page 15 Fully Integrated Tactical System, EADS
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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
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Page 17 UZA Edegem
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Page 18 Nio, Industry-standard medical viewing system
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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
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Page 20 Kylie Minogue
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Page 21 Robbie Williams
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Page 22 MTV Europe awards
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Page 23 Frankfurt Car Show
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Page 24 Tokyo Car Show
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Page 25 Armani Fashion Show
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Page 26 Media Full color LED display systems and peripheral equipment used in –sports arenas –corporate HQs –shopping malls & flagship stores –theme parks –advertising,...
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Page 27 University of Texas, Austin
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Page 28 Picanol HQ, Belgium
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Page 29 Fashion Show, Las Vegas
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Page 30 Glasgow City Screen
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Page 31 Quiksilver, Times Square, New York
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Page 32 Digital Cinema –Conversion of analog to digital –Huge potential of ±120,000 theaters worldwide High end Home Cinema
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Page 33 Movie Theater
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Page 34 Post production
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Page 35 Simulation Total simulation solutions, including proprietary projector and screen technology, mechanical engineering and maintenance software for –Flight –Air traffic –Car & Ship
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Page 36 Ericsson SAAB Avionics flight simulator
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Page 37 NASA Space Shuttle Simulator
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Page 38 HELISIM Helicopter Simulator
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Page 39 ATC Simulator, NLR, Rotterdam
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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
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Page 41 PSA France
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Page 42 Schlumberger Oasis iCenter, Abu Dhabi, UAE
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Page 43 Calgary Center for Innovative Technology (Canada)
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Page 44 Edutainment Total projection solutions, from brainstorm to delivery For museums, science centers, aquariums, planetariums, theme parks & leisure centers
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Page 45 L’Astronef, Saint-Etienne, France
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Page 46 Goto Virtuarium, Japan
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Page 47 Presentation Networked projection solutions for meeting rooms, from executive boardrooms to large auditoriums Enabling collaborative videoconferencing between remote sites
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Page 48 CaixaForum, Barcelona, Spain
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Page 49 World Economic Forum, Davos
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Page 50 Prestonwood Baptist Church, Texas
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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
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Page 52 Telekom Ulm, Germany
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Page 53 Nuon, the Netherlands
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Page 54 EMC Digital Head End, Taiwan
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Page 55 ASTRA Luxembourg ASTRA, Luxembourg
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Page 56 NCP Manchester, UK
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Page 57 FAA, Atlanta, USA
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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
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Page 59 De Witte Lietaer, Belgium
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Page 60 Concordia Textiles, Belgium
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Page 61 Geographical breakdown of sales 2003 2002
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Page 62 Employees MKT: Marketing & Sales R&D: Research & Development MAN: Manufacturing CS: Customer Service ADM: Administration LOG: Logistics Total number: 4.089 February 2003
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Page 63 Strategy: expand in 3 dimensions Displays Image processing Content & applications EU NA APAC Vertical markets Products Solutions Geographies
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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
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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
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Page 66 Operational results full year 2003 in € mio20022003Growth 03 / 02 Orders nominal 680.7662.6(3%) Orders comparable ** 680.7715.45% Sales nominal 669629(6%) Sales comparable ** 669.0681.82% EBITA71.269.1*(3%) EBITA comparable ** 71.290.026% EBITA %10.611.04% Book-to-bill1.021.053% * Before restructuring of € 2.5 mio ** $/€ 19 % lower in full year
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Page 67 Operational results Q1 2004 in € mio Q1 2003Q1 2004 Growth Q1 04 / Q1 03 (%) Orders nominal 157.9153.9-2.5 Orders at constant currencies 157.9164.6+4.3 Sales nominal151.1149.2-1.2 Sales at constant currencies 151.1158.8+5.1 EBITA15.4 0.0 EBITA at constant currencies 15.416.6+7.0 EBITA %10.210.3+1.1 Book-to-bill1.051.03-1.4
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Page 68 Questions & answers Thank you for your time!
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