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Results 4Q07 and FY07

Results 4Q07 and FY07. Martin De Prycker , CEO 13 February 2008. Results 4Q07 and FY07. Results 4Q07 and FY07. Dividend. Highlights 2007. Strong sales growth 10% Strong EBIT growth 12.5% Strong EPS growth 60% despite very negative currency impact. Results 4Q07 and FY07.

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Results 4Q07 and FY07

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  1. Results 4Q07 and FY07 Martin De Prycker, CEO 13 February 2008

  2. Results 4Q07 and FY07 Results 4Q07 and FY07 Dividend

  3. Highlights 2007 • Strong sales growth 10% • Strong EBIT growth 12.5% • Strong EPS growth 60% despite very negative currency impact Results 4Q07 and FY07 Dividend

  4. Results 4Q07 and 2007 * Results 4Q07 and FY07 Dividend * Including BarcoVision and mechanical part of Manufacturing Services ** Not including the parts of Manufacturing Services, divested in 2006

  5. Results 4Q07 and 2007: continuing operations * Results 4Q07 and FY07 Dividend * Excluding BarcoVision and Manufacturing Services

  6. Results per quarter: continuing operations in € million Results 4Q07 and FY07 Dividend

  7. Highlights 4Q07 (continuing operations) • Moderate growth in orders at 3.5% • Strong growth in sales (9.7%) and EBIT (17.9%) • All divisions growing except Medical Imaging • EBIT negatively impacted by FX evolution with about € 6.7 million Results 4Q07 and FY07 Dividend

  8. Evolution of results per division 4Q07(continuing operations) Results 4Q07 and FY07 Dividend

  9. Headlines 2007 (continuing operations) • Very strong growth in sales (9.7%), orders (6.6%) and EBIT (12.5%), thanks to our focused approach on growth markets, despite the strong negative currency impact • Excluding exchange impact, sales in all divisions have grown • Increased gross profit following higher sales volume. Gross profit margin 1.8% lower due to changing product mix and currency evolution • FX impact on EBIT is around € 10 million • Finalizing our divestment strategy • Strong order book end 2007 at € 304.5 million, 9.7% higher than end 2006 • Focus on working capital shows first result with decreased DSO Key initiatives to reduce inventory have been taken, but do not yet yield significant results, especially in Media & Entertainment Results 4Q07 and FY07 Dividend

  10. Evolution of results per division 2007(continuing operations) Results 4Q07 and FY07 Dividend

  11. Media & Entertainment Division (1) in € million Results 4Q07 and FY07 Dividend

  12. Media & Entertainment 2007 (2) • Orders • Orders growing 9% vs 2006 • Orders in Events growing vs 2006, in line with the positive trend in the market, although 2nd half of 07 showed reduced growth rate • Orders in Media flat • Orders in Digital Cinema strongly growing, as the Digital Cinema market expanded • Sales • Sales growing 28% vs 2006 • Sales in Events strongly growing, but slowing down in second half of 07 • Media sales growing by 31% • Digital Cinema sales growing fast, specifically thanks to a large China project • Margins • Gross profit improved 28% compared to 2006 • EBIT strongly improved to 7.2% Results 4Q07 and FY07 Dividend Sales increased 28% Excellent profit improvement

  13. Security & Monitoring Division(1) in € million Results 4Q07 and FY07 Dividend

  14. Security & Monitoring 2007 (2) • Orders • Orders growing more than 15%, with a strong contribution from the broadcast, defense and air traffic management markets • Order book very high at € 125 million • Sales • Sales growing more than 5% vs 2006, in all markets, except in defense • Margins • Gross profit only growing moderately vs 2006, due to price pressure and dollar erosion • EBIT margin at 6.8% vs 6.9% last year Results 4Q07 and FY07 Dividend Sales growing more than 5% Orders growing more than 15%

  15. Medical Imaging Division (1) in € million Results 4Q07 and FY07 Dividend

  16. Medical Imaging 2007 (2) • Orders • Orders declining 6.3% vs 2006, mainly in the US, caused by Deficit Reduction Act, despite strong growth in EMEA and APAC • Sales • Overall sales declining 2.3% vs 2006, but still growing at constant exchange rates • Sales in the PACS market lower, (due to the US only), partially offset by strong growth in modality • Margins • Gross profit margin declining, due to lower sales volume, product mix and cost • EBIT margin declining from 17.2% to 9.6%, due to lower volume and lower gross margin Results 4Q07 and FY07 Dividend Weak orders and sales, pulling EBIT down

  17. Other Markets(1) in € million Results 4Q07 and FY07 Dividend

  18. Other Markets 2007 (2) • Orders • Orders in other markets increased, mainly driven by flight simulation and oil & gas market • Sales • Sales in simulation market growing at 8.2%, mainly thanks to flight simulation and oil & gas • Sales in avionics strongly growing at 12.8% • Sales in presentation declining as the new products were only introduced at the end of 2007 • Margins EBIT in simulation market improving, but growth offset by increased R&D in Avionics and lower sales in presentation Results 4Q07 and FY07 Dividend

  19. Status of discontinued operations • The divestment of BarcoVision to Itema is expected in the near term, as soon as pending approvals of antitrust authorities will have been received • Mechanical part of Manufacturing Services sold to BMTech. The impact of the transaction is neutral Results 4Q07 and FY07 Dividend

  20. Geographical breakdown of sales Results 4Q07 and FY07 Dividend

  21. China becomes second geographical market • Strong growth in orders (79%) and sales (61%) in China • Successful growth in • Control rooms • Media • Events • Digital Cinema Results 4Q07 and FY07 Dividend Shanghai stadium Jingxin

  22. Key figures Income Statement 2007 Results 4Q07 and FY07 Dividend

  23. Key figures Balance Sheet Results 4Q07 and FY07 Dividend * Only including continuing operations

  24. Outlook 2008 • Further sales and EBIT growth • Focus on operational and working capital efficiency • Extend competitive and product position in the selected growth markets • Further increase natural hedging by increased sourcing and R&D in Asia • Capital reduction of € 70 million expected within 6 months after closing of sale of BarcoVision, as previously announced Results 4Q07 and FY07 Dividend

  25. Dividend Proposal of the Board of Directors to the annual shareholders’ meeting on April 24, 2008 Dividend will be increased to € 2.40 • Pay out ratio of 54.2% • Gross dividend yield of close to 5% In addition, the planned capital reduction will result in a payment of approximately 5.8 €/share, to be paid within 6 months after the closing of BarcoVision Results 4Q07 and FY07 Dividend

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