Slide 1: Barco Results 1H26 Analyst & Investor call
Barco Results 1H26 Analyst & Investor call An Steegen / Ann Desender July 15th, 2026 - Kortrijk
Slide 2: Preliminary notes
Preliminary notes The statutory auditor has confirmed that the audit, which is substantially complete, has not to date revealed any material misstatement in the draft consolidated accounts, and that the accounting data reported in the press release is consistent, in all material respects, with the d
Slide 3: Executive summary | Group results 1H26
Executive summary | Group results 1H26 Improved momentum in second quarter amid challenging markets Sales € 418m (-8% yoy, -3% excl. FX), Orders € 468m (-4% yoy, flat excl. FX) • Markets challenged by geopolitical uncertainty, yet improved order intake towards end of 2Q26 • Good momentum for Control
Slide 4: Orders and sales by region
Orders and sales by region Recovery 2Q vs 1Q in Americas and APAC; EMEA challenged by Middle East conflict • EMEA: impacted by Middle East throughout semester • Demand impacted by geopolitical uncertainties Group • Strong momentum for Control Rooms Orders € 468m –4% (flat excl FX) • Americas: recove
Slide 5: 1H EBITDA | lower sales and one-off impacts
1H EBITDA | lower sales and one-off impacts FX VerVent Sales Gross Profit OPEX Other Margin €48 m 10.6% of Sales €26 m Hires ‘22 annual. 6.2% of Sales Hires 2H22 Diverse cost Mostly USD 2 months Gross profit margin One-offs, incl. related VerVent stable despite lower measures offset by acquisition c
Slide 6: Net income - € 5m, driven by restructuring costs
Net income - € 5m, driven by restructuring costs (in millions of euro) 1H26 1H25 Δ • Depreciations evolving with Cinema-as-a- EBITDA 26.1 48.0 (21.9) Service portfolio % Sales Change (ppts) 6.2% 10.6% -4.3 Depreciations & amortizations (25.0) (22.3) (2.6) • Restructuring costs at € 8.4m, linked to R
Slide 7: Free cash flow impacted by higher inventories
Free cash flow impacted by higher inventories • 1H26 Free Cash Flow at - € 37m • Gross operating free cash flow at € 20m, net after € 4m restructuring cash outflow • Working capital at 19.9% of sales, vs 13.2% at YE25 • Inventory levels increased with €57m, driven by: • Acquired inventories VerVent
Slide 8: Consistent progress on Sustainable Impact Journey
Consistent progress on Sustainable Impact Journey • Eco-labeled revenues at 77% (+1% vs FY25), on track towards FY26 target of 78% Protecting • Step-up driven by new Immersive Experience portfolio, Healthcare product mix, and Control earth Rooms shift to software • Headcount at mid-year, incl. VerVe
Slide 9: Divisional Update 1H26
Ww | ~ ea ae y Divisivnal Up x 1H26> ‘ed
Slide 10: Entertainment
Entertainment Entertainment (in million euro) 1H26 Δ 1H25 Orders 243.5 +3% Sales 199.5 -5% Cinema growth in EMEA & Americas; expanding HDR by Barco ecosystem Gross Profit 69.3 Consumer Experience strengthens long-term Entertainment proposition % Sales 34.8% -0.3 ppts EBITDA 16.8 % Sales 8.4% -2.2 pp
Slide 11: Barco and VerVent: an audiovisual opportunity
Barco and VerVent: an audiovisual opportunity A strategic combination across entertainment, technology and premium brands All-in on Entertainment Portfolio synergies Leverage strong brands • Become a full audiovisual • Combine our unique • Strengthen the iconic Focal player in consumer, home & stren
Slide 12: Enterprise
Enterprise (in million euro) Enterprise 1H26 Δ 1H25 Orders 115.1 +5% Momentum for Control Rooms partly offsets Meeting Experience decline Sales 97.9 -9% Gross Profit 51.8 Software-led mix improvement supports gross margin expansion % Sales 52.9% +2.0 ppts EBITDA 5.8 % Sales 5.9% -2.1 ppts • ClickSha
Slide 13: Healthcare
Healthcare Healthcare (in million euro) 1H26 Δ 1H25 Orders 109.2 -23% Diagnostic imaging growth partly offsets softness in surgical; portfolio Sales 120.7 -12% adaptation and digital workflow solutions support future growth Gross Profit 43.7 % Sales 36.2% -2.7 ppts Unified leadership, innovation roa
Slide 14: Strategy and Outlook
Strategy and Outlook
Slide 15: Innovating in hardware and software
Innovating in hardware and software Enabling connectivity, and AI-driven workflows & insights Real-time compute & AI Digital workflows & applications platform Connected Cloud End-user productivity of everything Connectivity Connected solutions, Next generation in the cloud & on premise AVoIP network
Slide 16: Recent launches
Recent launches Strong market debut ClickShare Hub Expansion for Encore3 Image of HDR by Barco Entry in MTR market Barco CTRL processing Immersive Experience AI-driven SlideRightQA growing in theme parks Brilliant Assistant 3D Surgical Displays in digital pathology 16
Slide 17: Focus areas for 2H26
Focus areas for 2H26 Barco continues its focus on new products, adjacencies and software, despite high volatility in macro-economics Sharpen our Maintain our focus on Accelerate our Cost discipline leading market businesses with innovation and positions; structural roadmap in growth and organization
Slide 18: Outlook 2026
Outlook 2026 The following statements are forward looking on a like-for-like basis and actual results may differ materially Geopolitical instability and uncertainty continued to impact demand and visibility throughout the first half. Management expects full year sales above last year, including the
Slide 19: Stay tuned
Stay tuned Financial calendar 2026 Tuesday 20 October Trading update 3Q26 More information? Please visit our webpage https://www.barco.com/en/about/investors 19
Slide 20: Visioneering a bright tomorrow
Visioneering a bright tomorrow