Barco_CompanyPresentation_20050502

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Barco Company overview

Ann GallandDirector Corporate Marketing March 2005

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Barco

• International company, headquartered in Kortrijk, Belgium, with a global presence in over 90 countries

• Active in professional markets worldwide

• Listed on Euronext Brussels, part of BEL 20 and Next 150

• Sales in 2004: € 671 mio

• EBITA: € 72 mio

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Worldwide presence

Europe

Belgium: Kortrijk, Kuurne, Poperinge, Louvain-la- NeuveCzech Republic DenmarkFrance: Toulouse, Saint- Denis, Peynier Germany: Berlin, Bremen, Düsseldorf, Frankfurt, Karlsruhe, Köln, Stuttgart, Mengerskirchen Italy: Como, Milano Poland Russian FederationSpain: Barcelona, MadridSwitzerlandThe Netherlands UK: Blackburn, Reading, Great Yarmouth, Edinburgh Sweden

Middle East

Israel United Arab Emirates

Asia

China: Beijing, Chengdu, Guangzhou, Shanghai, Hong Kong India: Noida, Mumbai, BangaloreJapan: Tokyo, Osaka, NagoyaMalaysiaSingaporeSouth-KoreaTaiwanThailand

Pacific

Australia: Melbourne, Sydney

North America

USA

Georgia: Kennesaw, Duluth New Jersey: Atlantic City North Carolina: Charlotte Ohio: Xenia Oregon: Beaverton Utah: Logan California: Sacramento

Canada

South America

Brazil

* R&D and/or Manufacturing

Americas EMEA Asiapac

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Operational results

Sales

2003 2004

In million euro

100

200

300

400

500

600

700

OrdersEBITA

672 653

72

628 663

69

Sales OrdersEBITA

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Operational results 1Q05

in € million 1Q 2004 1Q 2005 Growth

Orders 153.9 172.4 12.1%

Sales 149.2 153.6 3.0%

EBITA 15.3 6.4 (58.0)%

EBITA % 10.3 4.2 (59.3)%

Book-to-bill 1.03 1.12 8.7%

$/€ 5% lower in 1Q05

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Geographical breakdown of sales

Growth 2003-2004in local currency

EMEA + 3%

AMERICAS + 14%

ASIAPAC. + 32%

2003

2004Asia Pacific

16.3%

EMEA51.8%

Americas31.9%

Asia Pacific18.7%

EMEA49.9%

Americas31.4%

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Manufacturing1661

Marketing200 Sales

472

Administration390

Customer Service495

R&D856

Logistics315

Employees

Total number: 4,389 on 31 December 2004

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Strategy: expand in 3 dimensions

Displays Image processing

Content &applications

EU

NA

APAC

Vertical markets

Products Solutions

Geographies

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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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Mission statement

To excel in creating stakeholder value, by offering user-friendly imaging solutions to selected professional markets worldwide.

–Barco designs and manufactures innovative hard- and software visualization solutions, integrating all aspects of the imaging chain, from image acquisition and processing to image display and management.

–Global presence, technological leadership and wide experience in B2B markets guarantee customers pioneering visualization that will optimize their productivity and business efficiency. Integrating the latest technologies, these “visual value” solutions answer specific customer needs in diverse markets.

–Barco enters a partnership with professionals requiring visualization for intensive use, looking for pixel-perfect visual information, searching for the lowest total cost of ownership, … professionals who know more.

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Values

• Customer focus:Barco wants to be a close business partner that speaks the customer’s language, that is alert and responsive, that understands and anticipates his needs

• Integrity: Relationships with customers, suppliers, colleagues and society in general are marked by integrity. Barco wants to be a long-term partner earning respect, credibility and trust through quality, service, openness and responsiveness

 • Creativity: 

Barco is continuously looking for fresh horizons, new technologies and creative ideas. Originality is an invitation for people to participate in an ambitious project, to express Barco’s authenticity through their own personalities

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Values (2)

• Passion for achievement: Employees share the same work spirit and passion to meet goals and deadlines. They are driven by the kicks of exploring new technologies, the pleasure of designing award-winning solutions and the satisfaction of creating added value

• Team spirit: Barco staff are driven by a healthy team spirit. They share the same vision and join hands to achieve their goals

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Company structure

BarcoView Barco Media & Entertainment

Barco Control Rooms

Barco Presentation & Simulation

BarcoVision

Barco Manufacturing Services

32.3% 23.4% 16.0% 15.6% 8.9%

3.8%

Defense & security

Traffic management

Medical imaging

Avionics

Events

Media

Digital cinema

Traffic & surveillance

Utilities & process

control

Broadcasting

Simulation & virtual

reality

Presentation

Textiles

Plastics

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Market overview

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Traffic Management

• Displays, graphics controllers, toolbox software solutions, archiving & recording systems and operational & maintenance support software for real-time air traffic management

• Barco solutions integrated by leading system integrators in control towers and area control centers for more than 50 Air Navigation Service Providers worldwide

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Skyguide, ZurichSkyguide, Zurich

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Spata Airport Tower, AthensSpata Airport Tower, Athens

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DFS, BremenDFS, Bremen

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Avionics

• Cockpit displays such as video display units, smart display units, multi-purpose control display units, electronic flight instrument systems and electronic flight bags

• Used to display critical flight data

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Airbus A-380Airbus A-380

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Beriev-200Beriev-200

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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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E2C-HawkeyeE2C-Hawkeye

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E2C-HawkeyeE2C-Hawkeye

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Fully Integrated Tactical System, EADSFully Integrated Tactical System, EADS

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Medical Imaging

• Barco is a worldwide leader in 3D software and softcopy display technology for PACS and digital imaging modalities

– PACS• Grayscale and color flat panel display systems, digital

lightboxes, QA management software and DICOM-compliant projection systems

• 3D medical imaging software (acquisition of Voxar Sept. 2004)

– Modalities• Customized hardware and software solutions to expand the

functionality of modalities, including: X-ray, CT, MRI, Endoscopy, Ultrasound

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UZA Edegem, AntwerpUZA Edegem, Antwerp

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Imelda Hospital Bonheiden, BelgiumImelda Hospital Bonheiden, Belgium

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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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Britney SpearsBritney Spears

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Paris car showParis car show

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Armani Fashion ShowArmani Fashion Show

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China Car Show China Car Show

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Kylie MinogueKylie Minogue

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Media

• Full color LED display systems and peripheral equipment used for

– Outdoor advertising– Point of sales communication– Image building at corporate headquarters– Spectacular sites like Times Square, Piccadilly Circus,

Champs-Elysees, …– Indoor and outdoor sports arenas– Entertainment at theme parks, casinos, museums, …

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Crown Fountain, ChicagoCrown Fountain, Chicago

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Hala Sazka Arena, PragueHala Sazka Arena, Prague

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Fashion Show, Las VegasFashion Show, Las Vegas

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Shanghai F1 trackShanghai F1 track

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Digital Cinema

• Digital solutions open a new world of theatrical, advertizing and business opportunities in cinemas

• Huge potential of ±120,000 theaters worldwide that need to convert from analog to digital

• Barco has over 200 digital installations worldwide and enjoys strong relationships with industry leaders like Dreamworks SKG and Eastman Kodak

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Ziegfeld Theater, New YorkZiegfeld Theater, New York

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Simulation

• Total simulation solutions, including proprietary projector and screen technology, mechanical engineering and maintenance software for – Flight– Air traffic control– Car & Ship

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NASA Space Shuttle SimulatorNASA Space Shuttle Simulator

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HELISIM Helicopter SimulatorHELISIM Helicopter Simulator

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ATC Simulator NLR, RotterdamATC Simulator NLR, Rotterdam

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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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PSA FrancePSA France

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Schlumberger Oasis iCenter, Abu DhabiSchlumberger Oasis iCenter, Abu Dhabi

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Calgary Center for Innovative TechnologyCalgary Center for Innovative Technology

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Edutainment

• Total projection solutions, from brainstorm to delivery

• For museums, science centers, aquariums, planetariums, theme parks & leisure centers

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Planetarium aboard Queen Mary 2Planetarium aboard Queen Mary 2

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L’Astronef, Saint-EtienneL’Astronef, Saint-Etienne

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VR theater in the Forbidden City, BeijingVR theater in the Forbidden City, Beijing

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Presentation

• Networked projection solutions for meeting rooms, from executive boardrooms to large auditoriums

• Enabling collaborative videoconferencing between remote sites

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Case Western University, ClevelandCase Western University, Cleveland

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World Economic Forum, DavosWorld Economic Forum, Davos

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Prestonwood Baptist Church, TexasPrestonwood Baptist Church, Texas

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Traffic & Surveillance

• Integrated display wall solutions for traffic management and surveillance centers

• Real-time, integrated view of data and video sources for operators in command & control centers of police, fire brigades and other organizations

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Welsh Assembly, UKWelsh Assembly, UK

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NCP ManchesterNCP Manchester

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Utilities & Process control

• Barco’s display walls provide operators with all key information of a facility and/or distribution network at a glance

• Typically used in electricity, water, oil and gas plants

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Elia, BelgiumElia, Belgium

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Telekom Ulm, GermanyTelekom Ulm, Germany

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Broadcasting

• Visualization, image processing & software integration for broadcast and distribution monitoring centers

• Barco rear-screen projection walls used – To manage a wide range of incoming signals– As a backdrop solution for interactive use in a studio

environment

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EMC Digital Head End, TaiwanEMC Digital Head End, Taiwan

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Dubai TVDubai TV

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Textiles & Plastics

• Sensors & systems for visual inspection and quality control

– Spinning– Weaving– Finishing (dyeing)

• MES (Manufacturing Execution Systems) for the plastics injection molding, blow molding, extrusion, packing and assembly industry

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Textilgruppe HofTextilgruppe Hof

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Ideal Floorcoverings, BelgiumIdeal Floorcoverings, Belgium

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Questions & answers

Thank you for your time!