1. 24 February 2003, page 1 Company Confidential Barco Results 2002 26 February 2003 Herman Daems, Chairman Martin De Prycker, President & CEO Antoon Van Petegem, CFO JP Tanghe, VP Corp. Com. & Inv. Rel.

2. 24 February 2003, page 2 Company Confidential Q402 Operational Results in € mio Q402 2002 Q401 2001 Orders 158.9 680.7 163.1 688.5 Sales 194.9 669.1 180.9 673.4 EBIT 32.2 72.1 11.6 54.5 EBIT % 16.5 10.8 6.4 8.1

3. 24 February 2003, page 3 Company Confidential Q402 Record Sales and Profit, but Lower Orders Results 2001 “pro forma” i.e. incl. dotrix, Barco Graphics not consolidated in € mio

4. 24 February 2003, page 4 Company Confidential Q402 Comments Weaker orders at 158.9 M€, but order book increased from 240.6 M€ end 2001 to 245.1 M€ end 2002 Sales: strong –Strong demand for immediate supply, especially in events and medical –Yield problems largely solved with external suppliers, allowing us to substantially reduce backlog Gross margin: remained strong at 55.9 % EBIT –Overall strong performance in all divisions, as our cost base remained almost stable vs Q3, except for additional sales people and acquisitions

5. 24 February 2003, page 5 Company Confidential 2002 Operational Results in € mioQ402 2002 Q401 2001 Orders158.9 680.7 163.1 688.5 Sales194.9 669.1 180.9 673.4 EBIT32.2 72.1 11.6 54.5 EBIT %16.5 10.8 6.4 8.1

6. 24 February 2003, page 6 Company Confidential 2002 Full Year Orders and sales decreased with less than 1% Dollar effect: at same average €/$ rate, sales and orders would have been 2% higher Gross margin remained stable vs 2001 Operational cost reduced by 19.2 M€ vs 2001 EBIT increase by 32.3 % from 54.5 M€ to 72.1 M€

7. 24 February 2003, page 7 Company Confidential Variance Analysis of Operational Profit 20012002 Variance Comments Sales674.1669.0 Margin374.1369.4-4.7 Sales/mix Operational cost-212.4-203.09.4 Reduced oper. cost Strategic cost-61.8-52.09.8 Reduced strat. cost Depreciation tangible / software -23.4-20.33.1 Less depr. tangible Capitalization/ amortization R&D 8.2-1.6-9.8 Less capitalization R&D Write-offs + provisions -29.3-14.414.9 Less write-offs / provisions Other financial results -0.9-6.0-5.1 Mainly USD (A/R, inventory) EBIT54.572.117.6

8. 24 February 2003, page 8 Company Confidential Overview of R&D Investments in € mio 20012002 Total R&D78.771.4 Capitalized(41.2)(38.4) Amortized Total 33.0 70.5 40.0 73

9. 24 February 2003, page 9 Company Confidential Geographical Breakdown of Sales Sales Barco Group 2001 Sales Barco Group 2002 Sales Barco Group Q4 2002

10. 24 February 2003, page 10 Company Confidential Sales per Region Emphasis on NA and Asia has paid off with large growth in US, China, Taiwan and Middle East European market has been weak overall, particularly in France, Germany and UK

11. 24 February 2003, page 11 Company Confidential Sales per Division in € mio

12. 24 February 2003, page 12 Company Confidential BarcoProjection in € mio

13. 24 February 2003, page 13 Company Confidential BarcoProjection: Control Rooms Success in Broadcast and Security did not fully compensate decline in Telecom Worldwide leader with 43% of market New DLP based solution introduced E2002 in € mio

14. 24 February 2003, page 14 Company Confidential BarcoProjection: Simulation Simulation –Slowdown in training for civil aviation V&AR –US market share increased –Clear progress in automotive and oil & gas markets –Growth in edutainment market Stand alone projector success in vertical markets resulted in stable revenues 2H vs 1H, but lower than 2001 in € mio

15. 24 February 2003, page 15 Company Confidential BarcoProjection: Media & Entertainment World leader in events with 40% market share Breaking through in media with 7% market share Digital Cinema: stable market share in slowly developing market in € mio

16. 24 February 2003, page 16 Company Confidential BarcoView in € mio

17. 24 February 2003, page 17 Company Confidential BarcoView: Medical Further success in a growing PACS market Successful introduction of new LCD product range Introduction of lifelong quality assurance software in € mio

18. 24 February 2003, page 18 Company Confidential BarcoView: Command and Control in € mio Worldwide acceptance of ATC display resulting in sales growth from 26 to 39.5 M€ and orders from 33 M€ to 68 M€ Decline in defense sales due to reallocation of budgets to direct cost of war

19. 24 February 2003, page 19 Company Confidential BarcoVision Textile machine market in China and Turkey continues to go strong Machine Vision profit margin slightly positive in € mio

20. 24 February 2003, page 20 Company Confidential Barco Subcontracting Lower sales but higher added value results in higher gross margin, but sligthly lower profit margin due to restructuring costs in € mio

21. 24 February 2003, page 21 Company Confidential OWC: Inventory Inventory control further pays off in € mio

22. 24 February 2003, page 22 Company Confidential OWC: Accounts Receivable Lower DSO than target, with good credit control and improved quality DSO

23. 24 February 2003, page 23 Company Confidential Net Cash Position in € mio

24. 24 February 2003, page 24 Company Confidential Results Q4 & 2002 in € mioQ4022002Q401*2001* EBIT32.272.111.654.5 Current result32.773.412.154.4 Taxes-6.5-16.0-2.4-15.3 Curr. res. after taxes26.257.39.739.0 Extra-ordinaries-0.1-28.2-95.9-96.3 Amortization of goodwill -3.9-7.5-1.7-6.8 Net result22.221.6-87.9-64.1 Current EPS**2.14.60.783.1 Current cash Flow40.1117.621.495.5 Net EPS**1.791.74-7.09-5.16 * ”pro forma”, i.e. incl. dotrix, Barco Graphics not consolidated ** in €

25. 24 February 2003, page 25 Company Confidential 2002 Evolution Share Price Barco / Bel 20 / Next 150

26. 24 February 2003, page 26 Company Confidential 2002 Evolution Share Price Barco / Eurostoxx 50 / Eurostoxx Technology

27. 24 February 2003, page 27 Company Confidential 2003 Q1 Expectations Revenue Q1 03 versus Q1 02 –Flat to slight growth (150-155 M€). At equal $/€ rate, this would have resulted in an increase of 8% on sales (18% decline for 45% $ related sales) Growth in medical and ATC continues Temporary decline in Q1 in Projection Systems, mainly due to lower sales in Media and civil aviation Orders in Projection are expected to pick up again thanks to new Media and Simulation products Demand in textile machine market remains high EBIT margin –Slight improvement versus Q1 2002 Lower cost base in operations partly offset by higher sales costs

28. 24 February 2003, page 28 Company Confidential 2003 Expectations Revenue –Lower predictability due to uncertain market conditions Internal growth 2003/2002, especially in Medical, ATC and Media. This may be offset by lower $/€ rate Operating profit –EBIT margin is expected to benefit from stable gross margins and cost control Net EPS –Strong increase as a result of no anticipated exceptionals from Esko-Graphics and despite increase of effective tax rate Operating working capital –Further reduction of inventory and A/R after strong reduction in 2002 A/R reduction to 68 DSO Inventory reduction to 4.5 months of sales

29. 24 February 2003, page 29 Company Confidential Dividend Proposal of the Board of Directors to the annual shareholders’ meeting on May 14, 2003 Dividend will be increased to € 1.92 from € 1.88 last year

30. 24 February 2003, page 30 Company Confidential Mission To be world leader in visualization and image processing solutions in professional markets

31. 24 February 2003, page 31 Company Confidential Strategy: Expand in 3 Dimensions Vertical Markets Products Solutions EU NA APAC Geographies

32. 24 February 2003, page 32 Company Confidential Expand in Vertical Markets (1) Keep world leadership position in markets and extend them into new market segments –Media & Entertainment –Control Rooms –Simulation Airplane Simulation TAM = 100 €M MS = 40% Oil & Gas Design Centers Entertainment TAM = 110 €M MS = 22% Utilities Telecom TAM = 106 €M MS = 65% Traffic & Surveillance Broadcast TAM = 83 €M MS = 23% Media TAM = 335 €M MS = 7% Events TAM = 191 €M MS = 40%

33. 24 February 2003, page 33 Company Confidential Expand in Vertical Markets (2) –Medical –Defense & Security –Air Traffic Control Modalities in displays & algorithms TAM = 500 €M PACS Visualizations MS = 50% Naval Airborne MS = 14% Homeland security & Controlware TAM = 550 €M Visualization MS = 35% Controlware (Orthogon) TAM = 180 €M

34. 24 February 2003, page 34 Company Confidential Vertical Markets (3) Develop leading edge products for new markets –Digital Cinema mid end product to be introduced in 2003 and penetrate this market with our current products Consolidate our world leadership position in textile sensor & system market where we own above 40% market share

35. 24 February 2003, page 35 Company Confidential Strategy 2003 Geographical Markets Focus on markets which are still strongly growing or where we still have a smaller market share in some vertical markets –US / Canada –China / South Korea / Japan –Eastern Europe

36. 24 February 2003, page 36 Company Confidential Sales / GDP

37. 24 February 2003, page 37 Company Confidential Questions and Answers