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Annual Results 2001

Annual Results 2001. Innovators in image processing. Results 2001. ETS, business unit of Barco Graphics, deconsolidated as of July 1, 2001 Other business units of Barco Graphics still fully consolidated. Financial Highlights 2001 (in € mio). Sales 751 792 Orders 821 806

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Annual Results 2001

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  1. Annual Results 2001 Innovators in image processing

  2. Results 2001 ETS, business unit of Barco Graphics, deconsolidated as of July 1, 2001 Other business units of Barco Graphics still fully consolidated

  3. Financial Highlights 2001 (in € mio) Sales 751 792 Orders 821 806 Current IBT* 93 48.5 Current IAT** 64 34.2 *Current result before tax & goodwill amortization ** Current result after tax & before goodwill amortization Current result decreased by 48% 2000 2001

  4. Evolution Sales & Current Result before Taxes

  5. Evolution Sales per region 47.7% 43% 32% 29.6% 18% 16.6% 7% 6.1% +18% -2.5% -1% -15% in € mio

  6. Evolution Sales per activity +9.2% +27% -1% -21% +19% Eliminations 2000 42 2001 45.5 in € mio

  7. Evolution Orders per quarter in € mio

  8. Evolution Sales per quarter in € mio

  9. Reasons for reduced profit despite increased sales in 2001 • Cost structure set up to support growth of 1H01 • Inventory built up in Q2 in line with expected growth in orders • Manpower increased to sustain expected customer demand • Some orders delayed or cancelled and demand declined in 2H  lower IBT

  10. Evolution 2H01 Decrease in orders from € 444 million in 1H01 to € 362 million Decrease in sales from € 404 million in 1H01 to € 388 million Operational costs reduced • Reduction of staff by 370 • Planned investments selectively halved (buildings & IT) Additional write-off on inventory of € 20 million Margins for stand alone projectors decreased Margins for systems improved

  11. Evolution manpower over 2001 Payroll -190 Excl. BarcoNet and ETS

  12. Evolution manpower over 2001 Temporaries -180 Excl. BarcoNet and ETS

  13. Deconsolidation Barco Graphics 2001

  14. Deconsolidation Barco Graphics • ETS • Packaging Systems • Commercial Printing • Industrial Printing   • ManiaBarco GmbH • (Barco retains 33%) • Esko-Graphics • (Barco retains 49%) • dotrix n.v. • (Barco retains 88%) 

  15. Extra-ordinaries 2001 Current IAT* 34.2 Goodwill amortization (13.2) Extra-ordinaries (96.3) Net IAT (75.3) Extra-ordinaries: • Demerger Barco Graphics (1.6) • Write-off Xeikon participation (3.5) • Additional goodwill amortization Barco Graphics, ETS (62.7) Machine Vision (12.8) • Provisions for loss on participations, loans & guarantees (12.5) • Other costs (3.2) Total (96.3) * Current income after tax & before goodwill amortization

  16. BarcoProjection: large screen visualization BarcoView: visualization for life critical decision-making BarcoVision: visual inspection and quality control Barco focuses on IMAGE PROCESSING 2001 (Pro Forma)

  17. BarcoProjection towards the future BarcoProjection continues to increase its focus on growing markets for systems • Control Rooms • Simulation and Virtual & Augmented Reality • Media & Events BarcoProjection refocuses the development of stand alone projectors on high end value added products with higher margins

  18. BarcoProjectionGrowing importance of systems 2000 2001

  19. BarcoProjection Evolution Sales & EBIT * After additional write-off of 6.3% on inventories

  20. BarcoProjection: Control Rooms Control Rooms • Expansion of vertical markets from Telecom and Utilities towards Broadcast, Traffic, Surveillance and IntelliRoom • Worldwide leader with 43% of market in € mio

  21. BarcoProjection: Simulation and Virtual & Augmented Reality Simulation • Simulation • Slowdown in civil aviation • CAGR: 8 to 10% • V&AR • US market share has increased • Clear advance in automotive and oil & gas markets • Growth in edutainment market • CAGR: 25% in € mio

  22. BarcoProjection: Daylight Displays LED Wall for Coca Cola on Piccadilly Circus in London • Has become one of the two market leaders over a two years’ period • CAGR of 17 to 20% over next five years in € mio

  23. BarcoProjection: stand alone projectors iQ Projector • Focus on high-end value-added products with higher margins in € mio

  24. BarcoView • Focus on Command & Control and Medical Imaging Systems • Command & Control: introduction of Isis in Air Traffic Control market • Medical Imaging Systems: • introduction of Coronis • CAGR of 25% • Start-up of Avionics business Coronis

  25. BarcoView Evolution Sales and EBIT Isis • slowdown in sales Medical Imaging Systems as of 3Q01

  26. BarcoVision Evolution Sales and EBIT Cyclops • Continuing negative investment climate in textile • Expansion of vertical markets of sorting and quality control (12% growth in 2H01 vs 1H01)

  27. Barco Graphics Evolution Sales and EBIT 1H00 2H00 1H01 2H01

  28. Innovators in image processing www.barco.com

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