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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%. - PowerPoint PPT Presentation
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Innovators in image processing
Continued growth but profitability under pressure: sales up 14% but current profit before taxes decreases by 20%
RESULTS SIX MONTHS ENDING JUNE 30, 2001
Orders & Sales: strong increase over 1S01
0
50
100
150
200
250
300
350
400
450
500
Orders Sales
1S002S001S01
399
353
443
404
Mio Euro
369398
+11% +14%
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
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
Barco Graphics: Overall decline in Orders & Sales
0
10
20
30
40
50
60
70
80
Orders Sales
1S001S01
-4% -13%
81 8078
70
Mio Euro
Barco Graphics: Packaging Systems on track
30
35
40
45
50
Orders Sales
1S001S01
+17% +4,5%
Mio Euro
Barco Graphics: EBIT
1.303
-6.511-7,000
-6,000
-5,000
-4,000
-3,000
-2,000
-1,000
0
1,000
2,000
EBI T
1S001S01
Mio Euro
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
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
Barco Graphics: Cost-saving measures
• Consolidating 4 European service call-centers into 1initial reduction of staff by 40 associates• 113 associates of ETS to joint venture Mania-Barco
GmbH
Barco Projection: Strategic thrust into high-end segments
• Control Rooms• Simulation• LED walls• Specific applications for projector
products• Digital Cinema
• New dedicated organization
structure
Barco Projection: Orders & Sales
145
195
168158
0
50
100
150
200
250
Orders Sales
1S001S01
+24% +15%
Mio Euro
Barco Projection: EBIT
27.918
22.623
0
5,000
10,000
15,000
20,000
25,000
30,000
EBI T
1S001S01- 19%
Mio Euro
BPS: Barco Control Rooms
Further growth in orders and sales
30
35
40
45
50
Orders Sales
1S001S01
+8% +17%
Mio Euro
BPS: Barco Simulation Products
0
5
10
15
20
25
30
35
40
45
Orders Sales
1S001S01
Further growth in orders & sales
+41% +35%
Mio Euro
BPS: LED Walls – Orders & sales
• Deliveries cannot follow orders
0
10
20
30
40
50
60
Orders Sales
1S001S01
+442% +220%
Mio Euro
LED Walls
#2 world-wide in sales
Main goals now: – Further increase market share
– Increase margins
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
BPS: Barco Projection Products
0
10
20
30
40
50
60
70
Orders Sales
1S001S01
Mio Euro
- 40% -25%
New products for specific projector markets
• IntelliRoom• Networked Projector• ...
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
BarcoView: Orders & Sales
98
58.3
81.585.6
0
20
40
60
80
100
120
Orders Sales
1S001S01
+20% +47%
Mio Euro
Expected EBIT 1S01: over 20%
BarcoView: EBIT
7.874
10.2
0
2,000
4,000
6,000
8,000
10,000
12,000
EBI T
1S001S01
Mio Euro
+29%
BarcoVision: Orders & Sales
49,751,6
53,857,4
0
10
20
30
40
50
60
70
Orders Sales
1S001S01-10% +8,5%
Mio Euro
BarcoVision: EBIT
6.017
8.038
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
EBI T
1S001S01
Mio Euro
+34%