page 1 barco company overview ann galland director corporate marketing june 2004
TRANSCRIPT
Page 1
Barco Company overview
Ann GallandDirector Corporate Marketing June 2004
Page 2
Barco
• International company, headquartered in Kortrijk, Belgium, with a global presence in over 90 countries
• Listed on Euronext Brussels, part of BEL 20 and Next 150
• Sales in 2003: € 629 mio
• EBITA: € 69 mio
Page 3
Mission statement
To be world leader in professional visualization and display solutions
Page 4
Worldwide presence
Europe
Belgium*
Czech Republic*
Denmark
France*
Germany*
Italy
Poland
Russia
Spain
Switzerland*
The Netherlands
United Kingdom*
Middle East
Israel
UAE: Dubai
Asia
China: *Beijing, Chengdu,
Guangzhou, Shanghai,
Hong Kong
India: Delhi, *Noida, Mumbai,
Bangalore
Japan:*Tokyo, Osaka, Nagoya
Malaysia: Kuala Lumpur
Singapore
South-Korea: Seoul
Taiwan: Taipei
Thailand: Bangkok
Pacific
Australia: Melbourne, Sydney
North America
USGeorgia: Kennesaw, *Duluth,
Atlanta
New Jersey: Atlantic City
North Carolina: Charlotte
Ohio: *Xenia
Oregon: *Beaverton
Utah: *Logan
California: *Sacramento
CanadaOntario: Toronto
South America
Brazil: Sao Paulo
* R&D and/or Manufacturing
Americas EMEA Asiapac
Page 5
Presentation & Simulation
BarcoVision
BarcoView
Company structure
MediaEventsDigital Cinema
Medical imagingAvionicsTraffic ControlDefense & Security
TextilesPlastics
ControlRooms
Media & Entertainment
SimulationVAREdutainmentPresentation
BroadcastTraffic Surveillance
CorporateSupport
Information Technology Technology Finance & Administration
Human Resources Corporate Marketing Investor Relations
Sales
Markets
34% 19% 18% 13% 12%
Manufacturing Services 5%
Page 6
Market overview
Page 7
Air Traffic Management
• Displays, graphics controllers, toolbox software solutions, archiving & recording systems and operational & maintenance support software for real-time air traffic management
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Skyguide, ZurichSkyguide, Zurich
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Spata Airport Tower, Athens, GreeceSpata Airport Tower, Athens, Greece
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Avionics
• Cockpit displays such as primary flight displays, navigation displays, control display units, engine instrument displays
• Situational awareness displays for critical flight applications
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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
• PACS (Picture Archiving and Communication Systems)– High quality flat panel display systems, graphics
controllers, QA management software and projection systems
• Custom imaging solutions– Customized hardware and software solutions to
expand the functionality of modalities, including: X-ray, CT, MRI, Endoscopy, Ultrasound
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UZA EdegemUZA Edegem
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Nio, Industry-standard medical viewing system Nio, Industry-standard medical viewing system
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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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Kylie MinogueKylie Minogue
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Robbie WilliamsRobbie Williams
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MTV Europe awards
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Frankfurt Car ShowFrankfurt Car Show
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Tokyo Car Show Tokyo Car Show
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Armani Fashion ShowArmani Fashion Show
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Media
• Full color LED display systems and peripheral equipment used in
– sports arenas– corporate HQs– shopping malls & flagship stores– theme parks– advertising, ...
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University of Texas, AustinUniversity of Texas, Austin
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Picanol HQ, BelgiumPicanol HQ, Belgium
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Fashion Show, Las VegasFashion Show, Las Vegas
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Glasgow City ScreenGlasgow City ScreenGlasgow City Screen
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Quiksilver, Times Square, New YorkQuiksilver, Times Square, New York
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Digital Cinema
• Digital Cinema – Conversion of analog to digital – Huge potential of ±120,000 theaters worldwide
• High end Home Cinema
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Movie TheaterMovie Theater
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Post productionPost production
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Simulation
• Total simulation solutions, including proprietary projector and screen technology, mechanical engineering and maintenance software for – Flight– Air traffic – Car & Ship
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Ericsson SAAB Avionics flight simulator Ericsson SAAB Avionics flight simulator
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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 Dhabi, UAESchlumberger Oasis iCenter, Abu Dhabi, UAE
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Calgary Center for Innovative Technology (Canada)Calgary Center for Innovative Technology (Canada)
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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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L’Astronef, Saint-Etienne, FranceL’Astronef, Saint-Etienne, France
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Goto Virtuarium, JapanGoto Virtuarium, Japan
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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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CaixaForum, Barcelona, SpainCaixaForum, Barcelona, Spain
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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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Utilities, Telecom, Broadcast, Traffic & Surveillance
• Visualization, image processing & software integration for
– broadcast and distribution monitoring centers
• Integrated display wall solutions for– traffic management centers– surveillance centers
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Telekom Ulm, GermanyTelekom Ulm, Germany
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Nuon, the NetherlandsNuon, the Netherlands
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EMC Digital Head End, TaiwanEMC Digital Head End, Taiwan
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ASTRA LuxembourgASTRA, LuxembourgASTRA, Luxembourg
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NCP Manchester, UKNCP Manchester, UK
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FAA, Atlanta, USAFAA, Atlanta, USA
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Textiles & Plastics
• Sensors & systems for visual inspection and quality control
– Spinning– Weaving– Finishing (dyeing)
• CIM systems for the plastics injection molding, blow molding, extrusion, packing and assembly industry
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De Witte Lietaer, BelgiumDe Witte Lietaer, Belgium
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Concordia Textiles, BelgiumConcordia Textiles, Belgium
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Geographical breakdown of sales
31.9%
16.3%
51.8%
50.9%
32.8%
16.3%
EMEAAMERICASASIAPAC.
2003
2002
Page 62
Employees
• MKT: Marketing & Sales• R&D: Research & Development• MAN: Manufacturing• CS: Customer Service• ADM: Administration• LOG: Logistics
Total number: 4.089
February 2003
Page 63
Strategy: expand in 3 dimensions
Displays Image processing
Content &applications
EU
NA
APAC
Vertical markets
Products Solutions
Geographies
Page 64
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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Strategy: extend product lifecycle
0 30 60 90Time
Volume/maturity
Own design/ manufacturing
ODM/low labor manufacturing
License /IPR
Expanding high-end niche strategy into mid-end by adopting different business models
90% 10% 0%
IN 3 YRS 80% 18% 2%
NOW
Page 66
Operational results full year 2003
in € mio 2002 2003 Growth 03 / 02
Ordersnominal
680.7 662.6 (3%)
Orderscomparable **
680.7 715.4 5%
Sales nominal
669 629 (6%)
Sales comparable **
669.0 681.8 2%
EBITA 71.2 69.1* (3%)
EBITA comparable **
71.2 90.0 26%
EBITA % 10.6 11.0 4%
Book-to-bill 1.02 1.05 3%
* Before restructuring of € 2.5 mio** $/€ 19 % lower in full year
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Operational results Q1 2004
in € mio Q1 2003 Q1 2004 Growth Q1 04 / Q1 03 (%)
Ordersnominal
157.9 153.9 -2.5
Orders atconstant currencies
157.9 164.6 +4.3
Sales nominal 151.1 149.2 -1.2
Sales atconstant currencies
151.1 158.8 +5.1
EBITA 15.4 15.4 0.0
EBITA atconstant currencies
15.4 16.6 +7.0
EBITA % 10.2 10.3 +1.1
Book-to-bill 1.05 1.03 -1.4
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Questions & answers
Thank you for your time!