1Q22 Results

April 29th, 2022

CONFERENCE CALL DETAILS

LIVE EVENT: Indra will host a conference call for investors and analysts on April 29th at 11:00 am (Spanish time). Please find below conference call telephone numbers: Spain: +34 911140101 France: +33 170710159 UK: +44 2071943759 US: +1 6467224916 Access Code: 65238313# Access to the live event: https://onlinexperiences.com/Launch/QReg/ShowUUID=13AD5404-5346-44BA-B1DE-AC4331CF54C2

WEBCAST REPLAY: A recording of the conference call will be available for 30 days on the following telephone numbers:

Replay dial number: Spain: +34 910387491 France: +33 (0)170710160 UK: +44 20 3364 5147 US: +1 (646) 722-4969 Access code: 425020514# Access to the Webcast Replay: https://onlinexperiences.com/Launch/QReg/ShowUUID=13AD5404-5346-44BA-B1DE-AC4331CF54C2

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 1Q22 headlines

Indra posted double-digit growth in all items of its income statement, with 1Q22 EBIT growing +54%

Revenues in 1Q22 grew +13.3% vs 1Q21. Minsait revenues went up +17.3% while Transport and Defence registered +6.0% growth.
EBIT up +54% year-on-year, bringing the EBIT margin to 7.0% in 1Q22 vs 5.2% in 1Q21, with both divisions improving their margins 2
Net Profit reached €39m in 1Q22, +76% higher than in 1Q21 3
Free Cash Flow in 1Q22 was €13m vs €-17m in 1Q21, bringing Net Debt/EBITDA ratio down to 0.7x compared to 2.4x in March 2021 4
Backlog reached €6bn (+13%), achieving a new record high, while order intake recorded +43% growth in 1Q22 vs 1Q21 5

Revenue evolution

1Q22

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

Revenues by region

1Q22 Breakdown Revenue Growth 1Q22 vs 1Q21

(Constant currency)

Operating Margin and EBIT evolution

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.