Barco NV · EURONEXT:BAR
Barco NV — Investor Presentation (April 2016)
30 slides from Barco NV's investor presentation, April 2016
Slide 1: Share
Slide 2: About Barco
ABOUT BARCO 90+ 3,300 +1 BILLION HEADQUARTERED IN BELGIUM STOCKLISTED (BAR) ON PRESENCE IN MORE EMPLOYEES SALES NYSE EURONEXT BRUSSELS MEMBER OF TECH-40 THAN 90 COUNTRIES AMBITION LEADERSHIP IN VISUALIZATION SYSTEMS FOR PROFESSIONAL USE 2
Slide 3: Technology
TECHNOLOGY DISPLAY TECHNOLOGY PROJECTION TECHNOLOGY IMAGE PROCESSING CONNECTIVITY / COLLABORATION 3 3
Slide 4: Company Structure
COMPANY STRUCTURE THREE DIVISIONS ENTERTAINMENT 50% ENTERPRISE 30% HEALTHCARE 20% SALES PER DIVISION 4
Slide 5: Core Strengths
CORE STRENGTHS STRONG BRAND TECHNOLOGY PEOPLE LEADERSHIP SOLID FINANCIALS & LEADERSHIP IN CORE OPERATIONAL MARKETS GLOBAL PRESENCE EXCELLENCE 5
Slide 6: Market Leadership
MARKET LEADERSHIP ENTERTAINMENT ENTERPRISE HEALTHCARE 40 years of history in projection 20 years experience in EXPERIENCE medical displays 20 years of history in control rooms + 60K cinema projectors + 7K control rooms in the + 1M medical displays in FOOTPRINT field the field + 100K meeting rooms eq
Slide 7: Geographical Presence Remains Key
GEOGRAPHICAL PRESENCE REMAINS KEY AMERICAS EMEA APAC 37% 33% 30% +16% +4% +21% Strong global brand in the professional visualization market Global presence with strong sales & service network across the globe R&D and manufacturing bases in the 3 continents 7
Slide 8: Strategic Framework 2015 – 2018
STRATEGIC FRAMEWORK 2015 – 2018 MARKET LEADERSHIP & EFFICIENCY: FOCUS ON INVEST IN GROWTH PROFITABILITY PRODUCTIVITY MARKETS Sustain leadership in core markets Footprint and broaden the offering Cost reduction Move into selected markets (Sizeable Working Capital – Profitability – Leadership potentia
Slide 9: Entertainment
ENTERTAINMENT CINEMA VENUES & CINEMA HOSPITALITY 37% VENUES & HOSPITALITY 63% 9
Slide 10: Fast Facts
60,000+ FAST FACTS Installed base - market share leader in 40 years of Barco Projection solutions cinema Strong geographic coverage Technology leader +3,500 Sales of € 515m in 2015, EBITDA* @ 8.5% Barco-certified digital cinema engineers 10 EBITDA*: Adjusted EBITDA or EBITDA minus Capitalized Develo
Slide 11: Performance & Addressable Markets
PERFORMANCE & ADDRESSABLE MARKETS FY15 FY14 FY13 FY15 VS FY14 € million ORDERS 536.4 431.2 +24.4% SALES 514.5 459.7 556.2 +11.9% ADJUSTED EBITDA 43.6 34.3 60.0 +27.2% EBITDA % 8.5% 7.5% 10.8% ACCESSIBLE/ CAGR* BARCO MARKET MARKET SHARE MARKET SIZE EVOLUTION SALES SHARE EVOLUTION € million 2014 2014
Slide 12: Cinema
12 ce BARGO Visibly yours
Slide 13: Cinema Projection Market Today
CINEMA PROJECTION MARKET TODAY CAPTURE RATES 2014 North America Western Europe Greater China 6% 11% 10% 36% 13% 20% 31% 15% 61% Other APAC 7% 15% 39% 43% 22% 29% GLOBAL 9% Latin America Other EMEA 9% 10% 0% 15% 42% 51% 20% 14% Barco 36% Christie 76% NEC 35% Sony 25% 13
Slide 14: Venues & Hospitality
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Slide 15: V&H: Status & Growth Opportunities
V&H: STATUS & GROWTH OPPORTUNITIES “FOCUS ON MARKET LEADERSHIP” “INVEST IN GROWTH” Strengthening Barco’s market and Growth potential driven by trends in technology leadership in Rental & large adjacent market & subsegments Staging and Simulation markets Growth potential in Fixed Install 4K resolutio
Slide 16: Enterprise
ENTERPRISE CONTROL ROOMS CORPORATE CONTROL ROOMS 43% 57% CORPORATE 16
Slide 17: Fast Facts
More than FAST FACTS 55,000 Installed Cubes Enterprise = Control Rooms (I&G) + Corporate = More than 7,000 control rooms Scale & Synergies Monitoring half Supporting Go-to-market of the world’s security in 100+ electricity metropolitan areas transport Technologies 100,000 Meeting Rooms Teams equippe
Slide 18: Performance & Addressable Markets
PERFORMANCE & ADDRESSABLE MARKETS FY15 FY14 FY13 FY15 VS FY14 € million ORDERS 287.0 255.5 +12.3% SALES 300.4 259.8 250.7 +15.6% EBITDA 11.1 8.7 4.0 +27.6% EBITDA % 3.7% 3.4% 1.6% ACCESSIBLE/ CAGR* MARKET SHARE BARCO SALES MARKET SHARE MARKET SIZE EVOLUTION EVOLUTION € million 2015 2014-2018 2014 20
Slide 19: Control Rooms
19 CONTROL ROOMS Visibly yours
Slide 20: Corporate
CORPORATE wm a @ a a g@ @ 3 @ a @ @ a 2012 2015 2015 2013 205 2014 2014 2014 2018 2015 2015 2015 2015 Visibly yours
Slide 21: Growth Initiatives
GROWTH INITIATIVES “FOCUS ON MARKET LEADERSHIP” “INVEST IN GROWTH” EXPAND PRODUCT PORTFOLIO LAUNCH EDUCATION TO SUPPORT ACTIVE LEARNING Collaborative Learning Room 500- 1000- 2500 >5000 1000€ 2500€ -5000€ € Traditional class with interaction Virtual classroom Add lower cost product(s) to Add high en
Slide 22: Healthcare
HEALTHCARE DIAGNOSTIC IMAGING 16% 3% SURGICAL DIAGNOSTIC IMAGING SURGICAL OTHER 81% 22
Slide 23: Diagnostic Imaging
DIAGNOSTIC IMAGING BARGO Visibly yours
Slide 24: Surgical
SURGICAL 24
Slide 25: Fast Facts
990,000 FAST FACTS Medical displays worldwide 20 years of Barco Healthcare solutions Market leader in Diagnostic Imaging, including Modality and custom products Driving expansion in digital operating rooms Strong market retention 2,500 Sales of € 216m in 2015, EBITDA* @ 9% Accounts in 70 countries w
Slide 26: Performance & Addressable Markets
PERFORMANCE & ADDRESSABLE MARKETS FY15 FY14 FY13 FY15 VS FY14 € million ORDERS 221.2 181.0 +22.2% SALES 216.0 186.7 195.7 +15.7% EBITDA 19.4 10.3 11.1 +88.4% EBITDA % 9.0% 5.5% 5.7% ACCESSIBLE/ CAGR* BARCO MARKET MARKET SHARE MARKET SIZE EVOLUTION SALES SHARE EVOLUTION € million 2014 2014 - 2018 201
Slide 27: Barco Healthcare Strategy
BARCO HEALTHCARE STRATEGY WORKING ON SHORT AND MID TERM GROWTH WHILE OPTIMIZING GTM COSTS “FOCUS ON MARKET LEADERSHIP” “INVEST IN GROWTH” Lead with clinical value delivered & Scale up Surgical maintain innovation in core diagnostics Grow emerging markets -> Focus Optimize GM Costs on China 27
Slide 28: Growth Initiative: Scale Up Surgical
GROWTH INITIATIVE: SCALE UP SURGICAL STEADY PENETRATION AND GROWTH Barco’s IP Centric Integrated Operating Room platform (Nexxis) upgraded to support 4K Growing funnel, adoption and installed base 4,500 Operating Room integrations per year worldwide # Installed Nexxis OR's # Nexxis Released Partners
Slide 29: One Campus
ONE CAMPUS MAIN BUILDING (THE CIRCLE) Strengthen team spirit Stimulate creativity and involvement ‘a new way of working’ 29
Slide 30: www.barco.com
BARGCO- Visibly yours www.barco.com