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Innovators in image processing

Innovators in image processing. RESULTS SIX MONTHS ENDING JUNE 30, 2001. Continued growth but profitability under pressure: sales up 14% but current profit before taxes decreases by 20%. Orders & Sales: strong increase over 1S01. Mio Euro. 443. 399. 398. 404. 369. 353. +11%. +14%.

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Innovators in image processing

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  1. Innovators in image processing

  2. RESULTS SIX MONTHS ENDING JUNE 30, 2001 Continued growth but profitability under pressure: sales up 14% but current profit before taxes decreases by 20%

  3. Orders &Sales: strong increase over 1S01 Mio Euro 443 399 398 404 369 353 +11% +14%

  4. Decrease in profit: Reasons • Barco Graphics: Delay in delivery of Mondrian and drop in deliveries of printsteamers • Sales of projectors for standard applications weaker than anticipated • Strategic investments affect operating results

  5. What about Barco Graphics? • Overall decline in Orders and Sales • Packaging Systems on track • Losses due to specific issues • Strategic focus for turnaround • Cost-saving measures

  6. Barco Graphics: Overall decline in Orders & Sales 81 80 Mio Euro 78 70 -4% -13%

  7. Barco Graphics: Packaging Systems on track Mio Euro +17% +4,5%

  8. Barco Graphics: EBIT Mio Euro

  9. Barco Graphics: Losses due to specific issues • Orders for printstreamers for digital press manufacturers have come to a halt • Delay in delivery of Mondrian, new computer-to-plate machine, due to need for improved optical calibration procedure

  10. Barco Graphics: Looking into various forms of alliances with other partners • Barco ETS brought into joint venture with Mania • Spinning off Industrial Printing being investigated

  11. Barco Graphics: Cost-saving measures • Consolidating 4 European service call-centers into 1 • initial reduction of staff by 40 associates • 113 associates of ETS to joint venture Mania-Barco GmbH

  12. Barco Projection: Strategic thrust into high-end segments • Control Rooms • Simulation • LED walls • Specific applications for projector products • Digital Cinema  • New dedicated organization structure

  13. Barco Projection: Orders & Sales Mio Euro +24% +15%

  14. Barco Projection: EBIT Mio Euro - 19%

  15. BPS: Barco Control Rooms Further growth in orders and sales Mio Euro +8% +17%

  16. Further growth in orders & sales BPS: Barco Simulation Products Mio Euro +41% +35%

  17. BPS: LED Walls – Orders & sales • Deliveries cannot follow orders Mio Euro +442% +220%

  18. LED Walls #2 world-wide in sales Main goals now: • Further increase market share • Increase margins

  19. Increased profitability on LED walls in sight • New mechanical design • Reorganization of manufacturing process more efficiency, higher yield • Manufacturing of mechanical parts in Czech Republic • Higher volume of components lower prices • Higher volume of Led Walls without increase of structural costs

  20. BPS: Barco Projection Products Mio Euro - 40% -25%

  21. New products for specific projector markets • IntelliRoom • Networked Projector • ...

  22. Barco Projection: New Dedicated Organization Structure New structure in line with focused markets • More direct interaction with specific markets • Enable growth without increase of structural costs

  23. BarcoView: Orders & Sales Mio Euro +20% +47% Expected EBIT 1S01: over 20%

  24. BarcoView: EBIT Mio Euro +29%

  25. BarcoVision: Orders & Sales Mio Euro -10% +8,5%

  26. BarcoVision: EBIT Mio Euro +34%

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