Results First Quarter 2003 First Reporting in IFRS

Results First Quarter 2003 First Reporting in IFRS Format Press Conference May 14, 2003 Martin De Prycker President & CEO 14 May 03, page 1 Company Confidential

Operational Results Q 1 2003 Q 1 2002 Orders 157. 9 167. 5 Sales 151. 1 152. 2 EBITA 15. 4 10. 9 EBITA % 10. 2 7. 1 in € million 14 May 03, page 2 Company Confidential

Results per Quarter in € mio 14 May 03, page 3 Company Confidential

Overall Comments Q 1 2003 • Sales flat versus 2002, at actual €/$ rate • Sales increased with 9 % at unchanged €/$ rate versus Q 1 02 • Book-to-bill ratio 1. 05 > 1, but lower than 2002 (1. 10) • EBITA increased with 42 % y/y thanks to gross profit improvement from 41 % to 44 % due to – Lower component cost – More outsourcing – Lower labor cost manufacturing – Product mix – Reduction in inventory write offs 14 May 03, page 4 Company Confidential

Barco. Projection in € mio 14 May 03, page 5 Company Confidential (1)

Barco. Projection (2) • Sales – Weak sales caused by economic uncertainty, mainly affecting • Media • Control rooms in utilities • Simulation in civil aviation • Orders – First successes in Media Europe and acquisitions will create steady growth in US and China for the future – Good book-to-bill ratio (1. 14) • EBITA – Gross profit improved from 43 % to 45 %, but lower sales level results in weak EBITA of 4 % • New products introduced – Mid range simulator projector using DLP – S-lite media LED wall – Control room using DLP • Acquisition Status – Trans-Lux: closed 29 March 2003 – Leyard: delayed closing until July 2003 because of SARS 14 May 03, page 6 Company Confidential

Barco. View in € mio 14 May 03, page 7 Company Confidential (1)

Barco. View (2) • Sales – Medical Imaging and Air Traffic Control performing extremely well, resulting in 62 % more sales y/y • Orders – Orders increased 20% y/y – Orders in Defense & Security low because of war, but market pick up anticipated for 2 nd half 2003 – Problems in air traffic cause some delays in Asia and US • EBITA – Gross profit improved from 43 % to 46 % by increased outsourcing of medical and better efficiency in operations/supply chain – Profit margin strong at 17 % • New products introduced – 5 MP medical flat panel now also in clearbase 14 May 03, page 8 Company Confidential

Barco. Vision in € mio 14 May 03, page 9 Company Confidential (1)

Barco. Vision (2) • Sales – Growth of 12 % – Textile business continues performing well – Weaker sales for Machine Vision • Orders – Good book-to-bill ratio, at 1. 12, but end of growth of cyclical textile business anticipated in 2 nd half 2003 – Strong order intake for Machine. Vision • EBITA – Gross profit improved from 38 % to 44 % y/y – Profit margin strong at 17 % 14 May 03, page 10 Company Confidential

Barco Subcontracting in € mio 14 May 03, page 11 Company Confidential Weaker orders and sales but stable profit margin at 4. 8 %

Geographical Breakdown of Sales Q 1 2002 Q 1 2003 14 May 03, page 12 Company Confidential

Key Figures Income Statement Q 1 03 Q 1 02 151. 1 -84. 4 152. 2 -89. 4 Gross Profit Research & Development Sales & Marketing General & Administration Other operating income 66. 7 -16. 7 -24. 2 -11. 9 1. 5 62. 8 -17. 1 -24. 1 -11. 9 1. 2 EBITA Goodwill amortization 15. 4 -1. 6 10. 9 -1. 2 Operating Result 13. 8 9. 7 0. 4 0. 0 -4. 3 0. 0 -3. 0 0. 0 9. 8 6. 7 0. 79 0. 54 in € million Sales Cost of goods sold Non-operating Result Income Taxes Share of results of assoc. companies Minority interest Net Income Earnings per Share (in €) 14 May 03, page 13 Company Confidential

Key Figures Balance Sheet 31/03/03 31/12/02 Accounts Receivable 147. 0 158. 5 Inventory 131. 3 118. 0 92. 1 88. 1 in € million Net cash 14 May 03, page 14 Company Confidential

Expectations Q 2 2003 • Economic uncertainty and SARS continue to keep investment climate weak in certain markets • Dollar decline impacts both sales – as 45 % of our sales is in $ related currencies – and EBITA • Sales 150 -160 € million • EBITA around 10 % • Continue to improve internal processes and sales coverage and develop new products to be ready to benefit from economic rebound, whenever that happens 14 May 03, page 15 Company Confidential

Introduction IFRS Antoon Van Petegem Vice-President & CFO 14 May 03, page 16 Company Confidential

Impact Introduction IFRS Total impact (in € mio) Old Rules IFRS Rules 336. 9 382. 8 EBITA 72. 1 71. 2 -0. 9 Net Result 21. 6 17. 7 -3. 9 Net Equity 14 May 03, page 17 Company Confidential Difference +45. 8

Depreciation of Tangible Fixed Assets Depreciation 1 st year: from full year depreciation to pro rata depreciation – Impact on results 2002: -1. 5 € mio – Half year of investments more on balance sheets: +7. 9 € mio 14 May 03, page 18 Company Confidential

Capitalized R&D ± Same amounts capitalized + : higher rate/hour (full cost) - : only product development Depreciation starts later: past: full year depreciation first year IFRS: commercial product on market on average 6 months later Impact on balance sheet 2002: + 16. 5 € mio Impact on 2002 results: + 2. 3 € mio 14 May 03, page 19 Company Confidential

Capitalized R&D (continued) Higher net value on balance sheet: ± 50% increase 14 May 03, page 20 Company Confidential

Goodwill • Reallocation of part of the goodwill to (undervalued) assets • First year: pro rata temporis amortization • Standard amortization over 10 years (instead of 5 – 10 – 20 years) • Yearly impairment check Impact on balance sheet 2002: - 16. 2 € mio Impact on 2002 results: -0. 2 € mio 14 May 03, page 21 Company Confidential

Inventory • Past – Standard cost, revised at year end – Direct manufacturing cost • IFRS – FIFO – Full manufacturing cost Impact on balance sheet 2002: + 8 € mio Impact on 2002 results: - 1 € mio 14 May 03, page 22 Company Confidential

Others (in € mio) Impact 2002 result • Deferred tax assets and liabilities • Derivatives and currency gains/losses • Provisions for 2002 – – -2. 0 +8. 6 +0. 4 -1. 2 Maintenance building Social liabilities • Dividend included in net equity • Investment grants no longer in net equity 14 May 03, page 23 Company Confidential Impact 2002 balance sheet - +23. 8 - -2. 3

Questions and Answers 14 May 03, page 24 Company Confidential