1Q25 Results

May 6th, 2025

Conference call details

LIVE EVENT:

The Company will host a conference call for investors and analysts today at 9:00 AM (CET).

Please find below conference call telephone details:

Pre-reqistration: https://qrid.trustwavetechnoloqy.com/indra/reqister.html

Once you've registered, you will receive an email with your personal credentials: Dial-in numbers, Conference ID and User ID.

· Participants will need to enter the Conference ID and press the pound key.
· Each participant will need to enter a unique personal User ID and press the pound key.

Access to the webcast live event:

https://streamstudio.world-television.com/1015-2578-41514/en

This presentation has been produced by Indra for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained herein constitutes an offer sale or exchange of securities, invitation to purchase or sale shares of the Company or any advice or recommendation with respect to such securities.

lts content is purely for information purposes and the statement it contains may reflect certain forward-lookinq statements, expectations and forecasts about the Company at the time of its elaboration. These expectations and forecasts are not in themselves guarantees of future performance as they are subject to risks, uncertainties and other important factors beyond the control of the Company that could result in final

results materially differing from those contained in these statements. The Company does not assume any obliqation or liability in connection with the accuracy of the mentioned estimations and is not obliged to update or revise them.

This document contains information that has not been audited. In this sense, this information is subject to, and must be read in conjunction with, all other publicly available information.

This disclaimer should be taken into consideration by all the individuals or entities to whom this document is tarqeted and by those who consider that they have to make decisions or issue opinions related to securities issued by Indra.

1025 Indra Highlights

José Vicente de los Mozos CHIEF EXECUTIVE OFFICER

1Q25 Results

1Q25 Main headlines

Financial headlines: 1025 performance in line with annual tarqets

Backloq increased by +11% to more than €8Bn, while Order Intake qrew +17%
1025 Revenues up +4% mainly thanks to the +18% growth posted in Defence
EBITDA and EBIT increased +7% and +6% YoY respectively, improving both margins
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March 2025 Cash position of €129m vs Net Debt of €89m in March 2024
Indra Group reaffirms its commitment to its 2025 financial quidance and to the targets of its 2026 Strategic Plan, "Leading the Future"

Business headlines: Implementation of 'Leadinq the Future' on track

· Signing of MoU between Indra and Rheinmetall to upgrade Spanish Leopard 2E Main Battle Tanks
Approval of new orqanization reinforcinq focus on products and programs, and ensurinq standardization and industrialization
Deployment of an Industrial Plan to transform Indra Group into a product and manufacturing driven company and accelerating internationalization
Appointment of new Chief Technoloqy Officer to drive technoloqical leadership
Launch of IndraMind, an Al Platform for automating critical and multi-domain operations; business plan will be presented in 1H 2025 results presentation
· Major progress achieved in the closing of Hispasat and Hisdesat, expected by 4Q 2025

Defence net order intake will double in 2025 vs 2024, driven by increased Military expenditure

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Sales Growth in 1025

1Q25 Revenues

Reported	+ 4%
Local Currency	+ 5%
Organic	+ 3%

Defence, ATM and Mobility EBITDA account for 53% of total

Group Workforce Evolution

1025 Performance by Division

1Q25 Results

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Minsait Revenues by Horizontal Lines: Diqital and Solutions qrew +7% and represents 53% of Minsait's sales

Minsait's Order Intake and Revenues

2025 Priorities

Excellent 2025 prospects reaffirming our Guidance

Increase focus on Aerospace & Defence	· Drive development of new products and improve the competitiveness of existinq ones " Accelerate growth of new business lines · Scale up manufacturing Strenqthen product internationalization capabilities ▪ Drive industrialization to reduce manufacturing costs and delivery lead times
Complete Indra Space implementation	= Implement Hispasat and Hisdesat integration, starting to capture expected synerqies ■ Capture incremental business, with IRIS2 as a key program
Continue the advanced technology transformation	· Continue shifting Minsait's mix towards high value and driving efficiencies · Consolidate Minsait's presence in priority geographies = Make fully operational IndraMind and expandinq its reach qlobally
Strengthen "Home Markets"	· Reinforce commercial presence and activity in priority countries, where our current and high potential clients are based
rotation	Continue portfolio = Continue selective M&A operations aimed at covering strategic capabilities qap and strengthening Indra's ambition
Increase 06 R&D investment	▪ Roll out new critical technologies and promote IndraVentures
critical talent	"Double down" on hiqh-value jobs