Barco Nv · EURONEXT:BAR
Barco Nv — Investor Day (November 2023)
51 slides from Barco Nv's investor day presentation, Nov 15, 2023
Slide 1: Analyst meeting
Analyst meeting November 15th 2023 - Kortrijk
Slide 2: Agenda
Agenda 1. Welcome and coffee 2. Deep-dive ClickShare with visit ClickShare Experience Centre 3. Lunch meeting with An Steegen, Charles Beauduin and Ann Desender • Presentation innovation and Q&A • Deep-dive operations and focused factories 4. Barco Labs with live demos on innovations and product lau
Slide 3: Meeting Experience
Meeting Experience Stijn Henderickx and Jan van Houtte Analyst Day – Kortrijk – November 15th 2023
Slide 4: Mid to long-term prospects are positive for meeting room related technology
Mid to long-term prospects are positive for meeting room related technology Increased focus on meeting rooms Reduced office space Collaborative work with colleagues as key driver for Declining leasing volumes and increasing vacancy “return to the office” requiring higher investment in rates now hybr
Slide 5: … but with short-term market softness
… but with short-term market softness Micro economic challenges Macro economic factors • Companies’ IT budgets and • High inflation COVID-time investment • High interest rates being under additional scrutiny • Political uncertainty • Investment cycles became longer – cost of cash • Return to office
Slide 6: In 2023 we have further expanded our lead and strengthened our position
In 2023 we have further expanded our lead and strengthened our position Launch of Dual Flexible XMS new Investment in R&D investments CX 50 Gen 2 display switching user sales & marketing at the next level interface 6
Slide 7: Barco is winning share in the agnostic market
Barco is winning share in the agnostic market Market Share “The biggest change in the market ClickShare conference since 2021 has been the emergence of Historic MS MS ambition Barco as the clear global leader in 65% Wireless Conferencing. While Barco 55% has traditionally been strong in 45% European
Slide 8: Our perspective on the videconferencing enablement market
Our perspective on the videconferencing enablement market 100 M meeting and training rooms globally Approx. 15-20 M rooms are video enabled Wired Wireless UC Traditional BYOM BYOM rooms room systems +/- 400 000 +/-200 000 +/- 600 000 +/-300 000 ClickShare Conference Newly installed systems in 2022 e
Slide 9: Improving our position with wireless BYOM
Improving our position with wireless BYOM
Slide 10: We bring ClickShare to the next level
We bring ClickShare to the next level Product & Technology ▪ Unique innovations and new features (e.g. Meeting room equit, LTS,...) ▪ Continuous improvement of customer experience (e.g. App score) ▪ New form factors Marketing ▪ Updated differentating brand positioning ▪ Increase awareness of the Cli
Slide 11: Protecting and monetizing our IP with assertive follow-up in the market
Protecting and monetizing our IP with assertive follow-up in the market 11
Slide 12: Moving outside wireless BYOM
Moving outside wireless BYOM
Slide 13: Extending our role within the video conferencing enablement market
Extending our role within the video conferencing enablement market and growing along two axes In room experience Video-enabled rooms Beyond the meeting room 13
Slide 14: Strong confidence in the future
Strong confidence in the future 14
Slide 15: Thank you!
Thank you! 15
Slide 16: Innovate for impact
Innovate for impact Overarching technology themes behind Barco’s innovation strategy An Steegen November 15th 2023 - Kortrijk
Slide 17: Technology themes that connect and inspire us
Technology themes that connect and inspire us Changing Dealing with Real-time Raising the bar Sustainability & paradigms of visualization exponential data compute and AI on image quality impact 17
Slide 18: 1. Changing paradigms of visualization
1. Changing paradigms of visualization
Slide 19: From passive to ubiquitous visualization
From passive to ubiquitous visualization Static Era Interactive Era Ubiquitous Era “Passive visualization” “Dynamic visualization” “Seamless visualization” One-directional Bi-directional visual experience Symbiotic lifelike experience visualization Visuals merge seamlessly with the real Visualizatio
Slide 20: From passive to ubiquitous visualization
From passive to ubiquitous visualization Static Era Interactive Era Ubiquitous Era “Passive visualization” “Dynamic visualization” “Seamless visualization” Today One-directional visualization Bi-directional visual experience Symbiotic lifelike experience 20
Slide 21: 2. Dealing with exponential data
2. Dealing with exponential data 2
Slide 22: Visualization takes the lead
Visualization takes the lead • Data is growing exponentially • The best way to obtain insights is through smart visualization • Visualization is not an interface anymore but becomes THE platform for meaningful insights 22
Slide 23: Data-driven Barco innovations
Data-driven Barco innovations Barco CTRL Barco Nexxis 23
Slide 24: 3. Real-time compute and AI
3. Real-time compute and AI 3
Slide 25: GPUs satisfy the needs of both advanced AI algorithms & real-time compute
GPUs satisfy the needs of both advanced AI algorithms & real-time compute requirements of our applications • GPU&CPU based platforms along with game engines (like Unreal) are starting to gain significant momentum in the AV industry • Connectivity, Compute & Image processing are all converging to suc
Slide 26: Light Steering
Light Steering 26
Slide 27: 4. Raising the bar on image quality
4. Raising the bar on image quality 3
Slide 28: The pursuit of high image quality remains key
The pursuit of high image quality remains key Accurate diagnoses Improved image performance Lightsteering on Barco medical displays on Barco video walls for the ultimate cinema experience 28
Slide 29: 5. Sustainability and impact
5. Sustainability and impact 3
Slide 30: Innovation with the planet in mind
Innovation with the planet in mind Energy performance We design with a strong focus on energy efficiency Use of materials We choose recycled and durable materials Packaging & logistics • We use light packaging that can be fully recycled and re-used • We maximize the use of sea shipment to limit our
Slide 31: Sustainable innovations
Sustainable innovations G50 CX-50 OverView MVL • Carbon neutral • Limited power consumption • Highest Lm/W in the market • Ecological packaging • Long lifetime • Long-lasting laser phosphor light • Designed for recycling • Ability to upcycle 31
Slide 32: How does Barco execute on these technology themes?
How does Barco execute on these technology themes? 3
Slide 33: Centralized Barco Labs at the core of disruptive innovation
Centralized Barco Labs at the core of disruptive innovation 33
Slide 34: An innovation framework focused on technology themes
An innovation framework focused on technology themes • Barco Labs works in tandem with all BU stakeholders in this internal corporate venturing framework to bring new disruptive ideas to market • New disruptive ideas can be presented to the innovation board run by the Co-CEOs & CTO throughout the ye
Slide 35: In summary
In summary a “One Barco” company with cocreating solutions that set together with our partners “image processing” at the core the standard and customers 35
Slide 36: Manufacturing strategy
Manufacturing strategy Transitioning to Focused Factories Analyst Day - November 2023 – Rob Jonckheere
Slide 37: Global Operations – overview
Global Operations – overview While building and ramping up new factories, overall supply is secured in a challenging market with high customer inventories • Implementation of our focused factories is full execution • Healthcare transfer to Suzhou and Saronno on track and Suzhou operating at high pro
Slide 38: Manufacturing footprint
Manufacturing footprint Wuxi factory operational in 2024 – transfers to Suzhou complete by mid 2024 ChangPing, CN Entertainment projectors and subassemblies (for the Barco/CFG JV) Kortrijk, BE Entertainment & Simulation WuXi, CN projector factory Entertainment projector factory (under Mirror factory
Slide 39: Investing in focused factories
Investing in focused factories Manufacturing Focused factories to tailor and accelerate business unit specific footprint solutions Recap CMD’22: Deepening value chain position Barco is investing € ~100m over Manufacturing from assembly to manufacturing 2023-2025 to enhance its manufacturing operatio
Slide 40: Focused factories – Suzhou Healthcare
Focused factories – Suzhou Healthcare Suzhou factory meeting the targets in terms of output, cost and quality Transition plan from Kortrijk and Saronno largely on track • All products transitioned by end of 2023, Kortrijk to stop Healthcare production by end Q1 2024 Local sourcing • Full focus on lo
Slide 41: Focused factories – Saronno Healthcare
Focused factories – Saronno Healthcare Moving to and integrated and automated warehouse next to enhanced production capabilities • Goal • Integrate the Milan sales office, the external warehouse and tailor the dimensions to the needs of a mirror fab/R&D site • Planning to start building by mid 2024
Slide 42: Focused factories – Wuxi Projection
Focused factories – Wuxi Projection Largely automated plant with integrated warehouse ready for Mid-Segment launch May 2024 • Building of Wuxi site on track with only a few weeks delay given heavy rain during summer period • ASRS (Automated Storage & Retrieval System) installed, ready for test runs
Slide 43: Wii
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Slide 44: Focused factories – Kortrijk Projection
Focused factories – Kortrijk Projection Planning to revamp the Kortrijk factory and integrate the Kuurne warehouse by end 2027 • Healthcare transition to Suzhou and Saronno on track • All product and repair activities to be transferred by end 2023. • Insourcing of (sub)assemblies • Image Processing
Slide 45: Value creation in Manufacturing & Services
Value creation in Manufacturing & Services Transitioning from assembly to manufacturing supported by automation Value Creation Value Creation in manufacturing in service Move from Assembly to Manufacturing Globally connect the regional NOCs with 24/7 helpdesk, ‘follow the sun’ Insource and drive lat
Slide 46: Suzhou Healthcare – insourcing
Suzhou Healthcare – insourcing Fully automated bonding line supported by Automatic Optical Inspection of glass, LCD and assembly Automatic Optical Inspection Automatic bonding line Automatic panel thickness measurement • Investment allowing automatic optical bonding up till 33” • Installation planne
Slide 47: Wuxi Projection – automation
Wuxi Projection – automation Automations in warehousing, lens holders & laser plates and mid-segment projection Automated Storage and Retrieval System with automated material flow within the factory and Software Warehouse Management System connected to the Barco systems Automated work cells for lens
Slide 48: Kortrijk Projection – automation
Kortrijk Projection – automation Investing in automated manufacturing of laser banks and laser drivers • Fully automated line for Laser Drivers and Laser Banks • In production since 2023
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Slide 50: Conclusion
Conclusion • Our focused factories strategy is in full execution with new ‘highly automated and integrated’ sites being built and transfer of products ongoing. Local component sourcing and efficient production are key. • Our plan to move from pure ‘low added value’ assembly to manufacturing is gradu
Slide 51: Visioneering a bright tomorrow
Visioneering a bright tomorrow