9M22 Results

November 2 nd, 2022

CONFERENCE CALL DETAILS

LIVE EVENT:

Indra will host a conference call for investors and analysts on November 2nd at 18:30 am (Spanish time). Please find below conference call telephone numbers: Spain: +34911140101 France: +33170710159 UK: +442071943759 US: +1 6467224916 Access Code: 81412439# Access to the live event: https://onlinexperiences.com/Launch/QReg/ShowUUID=197DE2E2-9818-4753-B115-1BD3425604E4

WEBCAST REPLAY: A recording of the conference call will be available for 30 days on the following telephone numbers: Replay dial number: Spain: +34 910 387 490 France: +33 (0)1 70 71 01 60 UK: +44 20 3364 5147 US: +1 (646) 722-4969 Access code: 425024130# Access to the Webcast Replay: https://onlinexperiences.com/Launch/QReg/ShowUUID=197DE2E2-9818-4753-B115-1BD3425604E4

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.

Its content is purely for information purposes and the statement it contains may reflect certain forward-looking 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 obligation 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 targeted and by those who consider that they have to make decisions or issue opinions related to securities issued by Indra.

Main 9M22 headlines

Indra improves its profitability and accelerates its revenue growth in 3Q22

9M22 Order intake up +21% vs 9M21, with double-digit growth both in Minsait and in Transport & Defence
Revenues in 9M22 grew +14% vs 9M21, mainly bolstered by Minsait (+19%) 2
3Q22 revenue growth accelerated to +19% vs 3Q21, with both divisions showing double-digit growth 3
9M22 EBIT +19% increase year-on-year (excluding capital gain from the sale of San Fernando´s facilities) 4
Both T&D and Minsait improved their 9M22 operating margins vs 9M21 5
T&D EBIT margin reached 11.3% and Minsait 5.8% 6
9M22 Free Cash Flow was €54m vs €5m in 9M21, bringing Net Debt/EBITDA down to 0.6x vs 1.7x in September 2021 7

A new Board appointed by the shareholders meeting in accordance with corporate governance best practices

Number of members of the Board of Directors set at 14, with half of them independent
Elimination of the quality vote of the Chairman in the Company's Bylaws
The role of the Lead independent director is maintained
Consolidation of the separation between the non-executive Chairman and the CEO

Revenue evolution

Excluding the impact of the Inorganic contribution and FX impact for the year

Revenues by region

9M22 Breakdown Revenue Growth 9M22 vs 9M21

(Constant currency)

Operating Margin and EBIT evolution

188 204 7.6% 8.0% ²⁰¹ ²⁴³ 9M21 9M22 21% 9.0% 8.5% 9M22 EBIT and Margin (€m) 9M22 Operating Margin¹ (€m) Capital Gain of €17m Excluding Capital Gain 7.3% 171 19%

9M21 9M22

3Q22 Operating Margin¹ (€m)

1.EBIT before Other Operating Income & Expenses, including: staff reorganization, impairments, capital gains, integration and acquisition costs, fines, amortization of intangible assets (PPA from acquisitions) and equity-based compensation.