Barco : Trading Update 3Q23

Trading update 3Q23 Analyst & Investor call

An Steegen, Charles Beauduin & Ann Desender - October 18th 2023

Preliminary notes

Safe harbor statement

This deliverable may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Barco is providing the information as of this date and does not undertake any obligation to update any forward-looking statements contained in this deliverable in light of new information, future events or otherwise.

Barco disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other deliverable issued by Barco.

Glossary

All definitions for alternative performance measures (APM's) are available in the glossary of the half year report and on the investor portal (https://www.barco.com/nl/about/investors)

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Executive summary | Trading update 3Q23

Orders 239.9 million euro, -1% yoy, YTD +4%

Growth for Enterprise and Entertainment, decline for Healthcare. China remains weak. Orderbook @ 523.4 million euro, +3% vs end of June 2023; book-to-bill > 1

Sales 229.6 million euro, -12% yoy (-9%ex FX), YTD +2%

Sales solid for Entertainment against a strong 3Q22

Lower sales in Healthcare and Enterprise, due to a softer demand in Americas and the slow recovery in China after the pandemic

Outlook 2023

Sales for 2023 expected to be in line with 2022

At this topline, EBITDA margin expected to be around 14% for the full year 2023

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Key messages from co-CEOs An Steegen and Charles Beauduin

• Headwinds of the second quarter intensified in 3Q23
• The expected recovery in China from the pandemic has not materialized
• Healthcare and Enterprise see softer demand due to weakening macro-economic conditions
• The Entertainment market continues to build on strong momentum from last year
• The fundamentals of our key markets remain intact
• Focused on winning market share, cost containment and further margin improvements
• Executing on our strategic initiatives: roadmap of new product introductions and operational efficiencies through focused factories

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3Q23 orders and sales by division

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