Slide 1: Results 2024 Analyst & Investor call
Results 2024 Analyst & Investor call An Steegen / Ann Desender February 11th, 2025 - Kortrijk 1
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 2024
Executive summary | Group results 2024 2H sales around the level of last year, after a slow start of the year Regional contrast: Americas grew in all divisions, EMEA at double digit decline Strong orderbook at € 564m, with significant growth in Entertainment; Book-to-bill >1 68% revenue from eco-lab
Slide 4: Sales by division and regions
Sales by division and regions Significant regional contrast with growth in Americas, declines in EMEA and APAC • Growth in Americas for all divisions. EMEA in decline on weak macro-economic conditions. Lower sales in APAC yoy, with China back to growth. • Healthcare (-4% yoy): most resilient divisio
Slide 5: Dynamic through the year
Dynamic through the year Soft start of the year with lower topline; significant step-up in EBITDA margin in second half (in millions of euro) First Half Second Half Full Year • Lower sales in 1H24, impacted by channel inventory 2024 Δ 2023 2024 Δ 2023 2024 Δ 2023 corrections for Healthcare and Meeti
Slide 6: EBITDA of € 120.8m, 12.8% of sales
EBITDA of € 120.8m, 12.8% of sales Operating deleverage on lower topline, off-set by focused cost control and other operating income Sales Gross Profit R&D S&M G&A Other Margin 142.5 120.8 13.6% 12.8% of Sales of Sales Hires ‘22 annual. Hires 2H22 Lower topline Other operating Opex controlled income
Slide 7: Net income at € 63m; Earnings per share at € 0.71
Net income at € 63m; Earnings per share at € 0.71 (in millions of euro) 2024 2023 Δ EBITDA 120.8 142.5 (21.7) % Sales Change (ppts) 12.8% 13.6% -0.8 • Higher depreciations from Cinema-as-a-service Depreciations & amortizations (43.7) (40.4) (3.3) Restructuring (11.1) (10.8) (0.3) EBIT 66.0 91.3 (25.
Slide 8: Strong free cash flow on improved working capital
Strong free cash flow on improved working capital • Free Cash Flow at € 110m, up € 72m yoy • Net operating cash flow at € 161m, up ~ € 61m yoy on lower working capital • Working capital improved to 11.8% of sales, -4.8 ppts yoy • DSO stable yoy at 63 days / DPO improved to 61 days • Higher customer
Slide 9: Continued progress on non-financial metrics
Continued progress on non-financial metrics Up 3 ppts vs FY23; Up 1 ppts vs FY23; Scoring +6 vs FY23; Aiming for target of Aiming for a score of Aiming for a score 80% in 2027. 75 by 2027. above 50. More eco-labeled Barco had 3,135 FTE Improved after-sales revenues with step-up at year-end FY24 (vs
Slide 10: Divisional Update Full Year 2024
Divisional Update Full Year 2024 10
Slide 11: Healthcare
Healthcare (in millions of euro) Healthcare 2024 Δ 2023 High single-digit growth in the Americas, declines in EMEA and APAC Orders 271.5 6.5% Sales 273.2 -4.4% Continued gross profit margin improvement, driven by product mix Gross Profit 105.5 and more software % Sales Change (ppts) 38.6% 2.6 EBITDA
Slide 12: Enterprise
Enterprise (in millions of euro) Enterprise 2024 Δ 2023 Meeting Experience impacted by channel inventory reductions in first Orders 250.6 -17.8% Sales 254.1 -16.4% half; sell-out below last year but improving in the second half Gross Profit 127.0 Control Rooms profitable, driven by higher CTRL softw
Slide 13: Entertainment
Entertainment (in millions of euro) Entertainment 2024 Δ 2023 Cinema maintained stable sales yoy with strong second half Orders 468.5 -6.6% Immersive Experience faced weak macro-economic conditions; Sales 419.3 -8.9% several new product launches from the second half Gross Profit % Sales Change (ppts
Slide 14: Outlook & closing
Outlook & closing
Slide 15: Perspectives for 2025
Perspectives for 2025 Full-year effect of Continuing Efficiencies from Channel inventory new product transformation Focused further factories investments corrections introductions; towards more in automation and absorbed more to follow focused factories software
Slide 16: Outlook 2025
Outlook 2025 The following statements are forward looking on a like-for-like basis and actual results may differ materially In 2025, assuming geopolitical and macro-economic conditions do not strongly deteriorate, management expects topline growth on a full year basis, with an increase in the EBITDA
Slide 17: Sustained dividend growth
Sustained dividend growth “Barco’s Board of Directors will propose to the General Assembly to distribute a gross dividend of 0.51 euro per share, up 0.03 euro versus last year’s dividend of 0.48 euro” Gross dividend (€) Gross Dividend yield (%) Closing share price(€) Pay-out ratio (%) 17
Slide 18: Share buyback program
Share buyback program Barco remains committed to exploring acquisition opportunities to strategically strengthen the Group, as well as to optimizing its capital allocation and delivering long-term value to its shareholders. Backed by robust free cash flow generation and a strong balance sheet, the B
Slide 19: 2024 Integrated Annual Report
19 2024 Integrated Annual Report
Slide 20: Stay tuned
Stay tuned Financial calendar 2025 Wednesday 16 April Trading update 1Q25 Thursday 24 April Annual general shareholders meeting Wednesday 16 July Announcement results 1H25 Wednesday 15 October Trading update 3Q25 Thursday 23 October Capital Markets Day 2025 More information? Please visit our webpage
Slide 21: Visioneering a bright tomorrow
Visioneering a bright tomorrow