Slide 1: Results 2022 - Analyst & Investor call
Results 2022 Results 2022 -- Analyst Analyst && Investor Investor call call 32% topline growth with significant profitability improvement, 32% topline growth positioning Barco with wellsignificant profitability for long-term improvement, profitable growth positioning Barco well for long-term profita
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 2022
Executive summary | Group results 2022 Strong order and sales growth across all divisions Sales up 32%; double digit growth across divisions; 50% of revenue ecolabelled Orders grow 8%, delivery terms normalize; book-to-bill back at 1 Orderbook at record-high year-end position EBITDA margin up to 12.
Slide 4: Financial highlights | Group results 2022
Financial highlights | Group results 2022 Strong topline growth and profitability improvement vs. 2021 • Orders ↑ 8% or ↑ € 80m ORDERS +8% • Orderbook at € 496.5m, ~ vs year-end ‘21; +54% vs year-end ‘19 € 1,058.4m SALES € 1,058.3m +32% • Sales ↑ 32% or ↑ € 254m, ↑ 24% excl. FX • Sales back at pre-c
Slide 5: Dynamic through the past years | Sales and orders
Dynamic through the past years | Sales and orders (Last 12 months) Supply chain easing in 2H22, sales are accelerating, delivering on orderbook; book-to-bill is 1 1200.0 • Orders started picking up strongly from 1Q21 1100.0 onwards, with orderbook building up 1000.0 • Sales followed slower, due to s
Slide 6: Sales | Accelerated growth across markets
Sales | Accelerated growth across markets EMEA 33% | vs ’19: 1% • Relaxed covid measures drive ClickShare growth • Catch up on orderbook deliveries for Entertainment AMERICAS 45% (30% excl. FX) | vs ’19: 2% • Strong both in operating rooms and diagnostic imaging • Solid order intake from cin
Slide 7: EBITDA | Group @ € 126.5m, 12% of sales
EBITDA | GROUP @ € 126.5m, 12% of sales, +4.7ppts Profitability improved through gross margin increase and operating leverage on topline HC € 38.4m / 11.2% 12.0% of Sales ENP € 60.7m / 19.1% 7.3% Gross Profits up Opex up € 48m of Sales € 96m ENT € 27.5m / 6.9% 2021 2022 • Topline growth allows for f
Slide 8: Net income | € 75.2m
Net income | € 75.2m EBITDA improvement also translating into net income accretion (in millions of euro) 2022 2021 Δ 21 EBITDA 126.5 58.5 68.0 • Restructuring € 2.5m linked to reorganization of % Sales Change (ppts) 12.0% 7.3% 4.7 activities in Enterprise Depreciations & amortizations (36.3) (39.1)
Slide 9: Free cash flow & Balance sheet
Free cash flow & Balance sheet Strong gross operating cash flow offset by increased inventories • 2022 Free cash flow € 13m • Improved gross operating cash flow • Increased working capital, 14.2% of sales • Higher trade receivables linked to 4Q22 peak sales • DSO @ 54 days / DPO @ 68 days • Higher i
Slide 10: Non-financial performance metrics
Non-financial performance metrics Planet 2022 Change • Lowered carbon emissions: key driver lower Carbon emissions own logistics emissions (modal shift) -51% -18 ppts operations vs 2015 • Increased eco-labelled revenues: improvement in % Revenues from ECO all business units, with key drivers being M
Slide 11: Divisional update
Divisional update Results 2022
Slide 12: Healthcare
Healthcare (in millions of euro) Healthcare 2022 Δ 2021 Record-high sales driven by resuming hospital investments Orders 319.7 -3.1% Step-up investments in product and manufacturing Sales 341.7 30.7% EBITDA 38.4 16.0 % Sales Change (ppts) 11.2% 2.7 • Continued solid order intake in 2022, well above
Slide 13: Enterprise
Enterprise (in millions of euro) Enterprise 2022 Δ 2021 Back-to-office wave strengthens momentum for hybrid meetings Orders 281.3 7.2% Sales 317.2 36.1% EBITDA 60.7 46.1 % Sales Change (ppts) 19.1% 12.9 • Double-digit growth in both business units • Growing momentum for wireless conferencing and hyb
Slide 14: Entertainment
Entertainment (in millions of euro) Entertainment 2022 Δ 2021 Strong rebound as entertainment markets have reopened Orders 457.4 18.3% and supply chain eased Sales 399.3 28.9% EBITDA 27.5 6.0 % Sales Change (ppts) 6.9% 0.0 • Growing demand as entertainment markets have opened up globally. Orderbook
Slide 15: Outlook & closing
Outlook & closing
Slide 16: Barco Vision
Barco Vision developing and providing a “One Barco” solutions that set the leading to commanding company defined industry standard, market shares in around our “image and make a healthy markets processing” capability, visible impact 16
Slide 17: Barco's strategy for sustainable profitable growth
Barco’s strategy for sustainable profitable growth • Drive more speed and impact • A leaner & more focused organization from our innovation process • Market growth accross all segments, to set industry standards seeking strong leadership positions • Focussed factories • Expand geographically, focus
Slide 18: Looking ahead
Looking ahead All markets in healthy shape and thriving on solid trends HEALTHCARE ENTERPRISE ENTERTAINMENT Accelerating demand for Hybrid video-enabled Cinema market driven by Diagnostic Imaging in new and collaboration is the norm, with superior laser image quality emerging markets growing m
Slide 19: Outlook 2023 - reconfirming long-term profitable growth
Outlook 2023 - reconfirming long-term profitable growth The following statements are forward looking on a like-for-like basis and actual results may differ materially Assuming stabilizing macro-economic conditions, management confirms its expectation of sales growth between 10 and 15% for 2023 versu
Slide 20: Dividend 2022
Dividend 2022 The Board of Directors will propose to the General Assembly to distribute a gross dividend of 0.44 euro per share, a 10% increase from 0.40 euro a year ago. 20
Slide 21: Q&A
21 Q8&A 2022 Integrated annual report
Slide 22: Stay tuned
Stay tuned Financial calendar 2023 Wednesday 19 April Trading update 1Q23 Thursday 27 April Annual general shareholders meeting Wednesday 19 July Announcement results 1H23 Wednesday 18 October Trading update 3Q23 More information? Please visit our webpage www.barco.com 22
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