1. 16 February 06, page 1 Company Confidential Results 4Q05 and FY05 Martin De Prycker, CEO 16 February 2006

2. 16 February 06, page 2 Company Confidential Operational results 4Q 2005 and full year 2005 in € million4Q 2004 20044Q 2005 2005 Growth 4Q05/ 4Q04 Growth 05/04 Orders161.8653.2196.5730.421.4%11.8% Sales193.0671.9210.0712.08.8%6.0% EBITA before restructuring 24.271.425.560.55.3%(15.2%) EBITA24.271.419.052.0(21.3%)(27.2%) EBITA % before restructuring 12.610.612.28.5 Book-to-bill0.840.970.941.03

3. 16 February 06, page 3 Company Confidential Results per quarter Results per quarter in € million

4. 16 February 06, page 4 Company Confidential Results 4Q 2005

5. 16 February 06, page 5 Company Confidential Overall comments 4Q 2005 Continued strong orders growth of 21.4 % in most of our activities, especially in –Medical –Control rooms –Media –Events Strong sales growth of 8.8 % vs 4Q04, mainly in –Medical –Events –Digital cinema Gross profit margin lower at 41.4 % vs 42.9 %, mainly due to an increased write-off of stocks, but better than first nine months of 2005 EBITA before restructuring at € 25.5 million, 5.3 % better than 4Q04; however EBITA negatively impacted by € 6.4 million for restructuring in EMEA and US –Defense –Sales and Service back office Results on improved inventory management showing good results at € 141 million level, lower than 4Q04, despite higher anticipated sales in 1Q06 than in 1Q05

6. 16 February 06, page 6 Company Confidential Evolution of results per division Evolution of results per division in € million 4Q044Q05 Sales% EBITA Sales% EBITA* View67.822.969.913.5 Media & Entertainment41.9-7.161.6 Control Rooms34.314.534.217.2 Presentation & Simulation29.113.130.811.9 Vision16.318.113.010.9 Manufacturing Services27.3-0.221.6-3.3 Eliminations-23.7-21.0 Total193.012.6210.09.1 * EBITA after restructuring

7. 16 February 06, page 7 Company Confidential BarcoView (1) BarcoView (1) in € million

8. 16 February 06, page 8 Company Confidential BarcoView (2) Orders –Book-to-bill ratio at 0.72 –Orders flat vs 4Q04, positively influenced by Medical and negatively by Defense & Security and Traffic Management. Orders in Avionics remain at high level of 4Q04 Sales –Sales growth of 3 % –Strong sales growth in Medical confirms our market leadership. Growth in all 3 segments: PACS, Modalities and 3D software –Defense and Traffic Management sales weaker than 4Q04 –Avionics sales strongly higher than 4Q04 Margins –Good gross profit margin at 51.8 % vs 51.1 %, at the same level as last year despite a higher sales volume of mid range medical products –Good profit margin at 13.5 % but lower than 22.9 % in 4Q04, mainly because of restructuring and weaker defense and traffic management results

9. 16 February 06, page 9 Company Confidential Barco Media & Entertainment (1) Barco Media & Entertainment (1) in € million

10. 16 February 06, page 10 Company Confidential Barco Media & Entertainment (2) Orders –Book-to-bill ratio very high at 1.13 –Strong order growth of 62 % in Media & Entertainment –82 % higher orders in Events, thanks to strong Events market and increased market share –Orders of Digital Cinema at same high level as 4Q04 Sales –Sales growth of 47 % vs 4Q04, composed of Good Events sales with strong increase vs 4Q04, thanks to successful new products Strong sales growth in Digital Cinema, illustrating a further penetration in cinema theaters Flat Media sales Margins –Gross profit margin at 22.8 % vs 27.5 %, lower due to different product mix, stock write-off and exceptional warranty cost, caused by premature aging of a third party component –Improved profit margin at -1.0 % vs -7.1 % in 4Q04 and -3.1 % in 3Q05, but still weak because of restructuring cost

11. 16 February 06, page 11 Company Confidential Barco Control Rooms (1) Barco Control Rooms (1) in € million

12. 16 February 06, page 12 Company Confidential Barco Control Rooms (2) Orders –Book-to-bill at 0.93, higher than 4Q04 –Order growth of more than 21.7 % vs 4Q04 Sales –Sales at same level as 4Q04 with successes in all market segments Margins –Gross profit margin improved to 48.3 % vs 42.7 % in 4Q04, thanks to improved operational efficiency in our total supply chain –Very good profit margin at 17.2 %

13. 16 February 06, page 13 Company Confidential Barco Presentation & Simulation (1) in € million

14. 16 February 06, page 14 Company Confidential Barco Presentation & Simulation (2) Orders –Book-to-bill for the division at 1.09 –Orders improved vs 4Q04, both in Presentation and Simulation, resulting in order growth of 20 % –Orders 15.7 % higher in Simulation vs 4Q04 Sales –Sales growing overall with 6 % vs 4Q04 Lower sales in Presentation due to delayed software release Strong sales in Simulation, especially in the virtual reality segment worldwide Margins –Lower gross profit margin at 39.9 % vs 46.5 % in 4Q04, due to increased inventory write-off –Profit margin at 11.9 % lower than 13.1 % due to lower gross profit margin

15. 16 February 06, page 15 Company Confidential BarcoVision (1) BarcoVision (1) in € million

16. 16 February 06, page 16 Company Confidential BarcoVision (2) Sales & Orders –Book-to-bill ratio at 0.97 –Weak sales in textile, 20 % lower than 4Q04 –Orders at a low level, 13 % lower than 4Q04, due to weak investment climate in textile Margins –Gross profit margin improved to 50.6 % vs 47.8 % in 4Q04 –EBITA margin weaker at 10.9 % vs 18.1 % in 4Q04,mainly because of lower volume as our operational cost was not reduced with the same level as our sales decline, because of investment in new products

17. 16 February 06, page 17 Company Confidential Barco Manufacturing Services (1) Barco Manufacturing Services (1) in € million

18. 16 February 06, page 18 Company Confidential Barco Manufacturing Services (2) Sales & Orders –Sales and orders lower than 4Q04, due to shift of some final production of Barco to Asia where we typically work with local subcontractors rather than with our own manufacturing services Margins –EBITA margin at -3.3 % vs -0.2 % due to lower volumes –Manpower has been strongly reduced by early retirement schemes and reduction of temps –Different options for Barco Manufacturing Services are currently being evaluated

19. 16 February 06, page 19 Company Confidential Geographical breakdown of sales Geographical breakdown of sales EMEA AMERICAS ASIAPAC. 4Q05 4Q04

20. 16 February 06, page 20 Company Confidential Key figures Income Statement 4Q05 in € million4Q04 %4Q05 % Sales Cost of goods sold 193.0 -110.3 100.0 -57.1 210.0 -123.1 100.0 58.6 Gross Profit Research & Development Sales & Marketing General & Administration Other operating result 82.7 -17.8 -28.7 -12.3 0.3 42.9 -9.2 -14.9 -6.3 0.1 86.9 -18.8 -30.6 -13.0 -5.4 41.4 -9.0 -14.6 -6.2 -2.6 EBITA Goodwill 24.2 -4.4 12.6 -2.3 19.1 -4.0 9.1 -1.9 Operating Result19.810.315.17.2 Non-operating result-0.2-0.11.80.9 Income Taxes-3.6-1.9-3.3-1.6 Net Income16.28.413.76.5 Current Cash Flow34.317.831.214.9 Current Earnings per Share (in €)1.651.22 Net Earnings per Share (in €)1.321.12

21. 16 February 06, page 21 Company Confidential Results Full Year 2005

22. 16 February 06, page 22 Company Confidential Operational results full year 2005 Operational results full year 2005 in € million20042005Growth 05/04 Orders653.2730.411.8% Sales671.9712.06.0% EBITA before restructuring 71.460.6(15.2%) EBITA % before restructuring 10.68.5 Book-to-bill0.971.03

23. 16 February 06, page 23 Company Confidential Comments full year 2005 Order growth of 11.8 % and sales growth of 6 %, mainly realized through organic growth in following markets –Medical –Events –Control rooms –Digital cinema Focus on operational excellence in 2005 has resulted in a more streamlined organization, at a cost of € 8.5 million for restructuring Gross profit margin improved gradually, approaching the level of 2004 The actions w.r.t. improved inventory are showing first good results (€ 141 million vs € 144 million, despite higher anticipated sales), but have resulted in higher write off of stock of € 5.5 million vs 2004, because of a too high inventory level mid 2005 (i.e. € 168 million) We successfully continued our strategy of adding more high mid range products in some markets (e.g. medical, defense)

24. 16 February 06, page 24 Company Confidential Key figures Income Statement 2005 in € millionFY 04 %FY 05 % Sales Cost of goods sold 671.9 -381.8 100.0 -56.8 712.0 -419.8 100.0 -59.0 Gross Profit Research & Development Sales & Marketing General & Administration Other operating result 290.1 -66.8 -109.7 -48.1 5.9 43.2 -9.9 -16.3 -7.2 0.9 292.2 -67.7 -114.8 -52.7 -4.9 41.0 -9.5 -16.1 -7.4 -0.7 EBITA Goodwill 71.4 -10.0 10.6 -1.5 52.0 -4.0 7.3 -0.6 Operating Result61.59.148.06.7 Non-operating result0.60.10.90.1 Income Taxes-14.7-2.2-10.3-1.5 Net Income47.37.038.65.4 Current Cash Flow111.516.698.013.8 Current Earnings per Share (in €)4.66-3.25 Net Earnings per Share (in €)3.86-3.15

25. 16 February 06, page 25 Company Confidential Evolution of results per division in € million 20042005 Sales% EBITA Sales% EBITA Growth 05/04 View220.416.8%236.010.5%7.1% Media & Entertainment160.91.6%188.3-0.2%17.0% Control Rooms109.612.1%117.413.1%7.1% Presentation & Simulation105.210.0%103.26.8%(1.9%) Vision59.612.3%57.814.0%(3.0%) Manufacturing Services112.10.7%93.4-3.2%(16.7%) Total671.910.6%712.07.3%6.0%

26. 16 February 06, page 26 Company Confidential Key figures Balance Sheet Key figures Balance Sheet in € million 31/12/0430/06/0531/12/05 Accounts Receivable 166.2173.7188.8 Inventory144.0167.8141.4 Cash90.687.4106.3 Financial debt58.0104.384.3

27. 16 February 06, page 27 Company Confidential Geographical breakdown of sales EMEA AMERICAS ASIAPAC. 2005 2004

28. 16 February 06, page 28 Company Confidential Expectations 2006

29. 16 February 06, page 29 Company Confidential Outlook 2006 Main segments where significant organic growth is expected in 2006 –Medical –Control Rooms –Media & Events –Digital Cinema Further growth in US and Asia expected as a result of stronger economic growth in these regions Increase profitability through higher operational efficiency by strong focus on quality improvements, improved supply agreements and continuous improvements of processes

30. 16 February 06, page 30 Company Confidential Expectations 1Q06 Orders growing to around € 180 million – € 190 million from € 172 million in 1Q 05 Sales target between € 165 million and € 175 million vs € 154 million in 1Q05, i.e. 10% growth at the middle of the range EBITA of between € 5 million and € 10 million vs € 6.4 million in 1Q05, i.e. an increase of 17% at the middle of the range

31. 16 February 06, page 31 Company Confidential Dividend Proposal of the Board of Directors to the annual shareholders’ meeting on May 3, 2006 Dividend will be increased to € 2.15 vs € 2.10 last year

32. 16 February 06, page 32 Company Confidential Questions & Answers