Indra Sistemas S.A.

Report Publication Announcement • Jul 27, 2021

1H21 Results

July 27th, 2021

CONFERENCE CALL DETAILS

LIVE EVENT:

The Company will host a conference call for investors and analysts today at 18:30 (Spanish time). Please find below conference call telephone numbers: Spain: +34 911140101 France: +33 170710159 UK: +44 2071943759 US: +1 6467224916 Access Code: 89808667# Access to the live event: https://onlinexperiences.com/Launch/QReg/ShowUUID=41725B2D-FD69-46C8-B890-4769463EFDD8

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: 425010708# Access to the Webcast Replay: https://onlinexperiences.com/Launch/QReg/ShowUUID=41725B2D-FD69-46C8-B890-4769463EFDD8

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.

• Net Profit reached €55m in 1H21 vs €-75M in 1H20 and €34m in 1H19 (+63%)
• 1H21 revenues went up +11.6% in local currency vs 1H20 (+9% reported) and +10% in local currency vs 1H19 (+5% in reported), accelerating its growth until +18% in local currency in 2Q21 vs 2Q20 2
• Reported EBIT stood at €100m in 1H21 vs -€78m in 1H20 and €79m in 1H19 (+27%) 3
• 1H21 revenues in Minsait increased by +9% in constant currency vs 1H20 and +11% vs 1H19, pushing EBIT margins above 5% in the period (vs -6.2% in 1H20 and 2.8% in 1H19)
• 1H21 T&D revenues went up +16% in local currency vs 1H20 and +8% vs 1H19; Defence & Security outperformed with +22% in local currency 5
• Cash generation in 1H21 was €-25m (excluding €-25m of the workforce transformation plan) vs €-88m in 1H20 6
• Net debt reached €546m vs €670m in June 2020. Net Debt / EBITDA LTM ratio stood at 2.1x in June 2021 vs 2.7x in June 2020 and the lowest level at the end of a 1H for the last 6 years
• Backlog reached again a new historic high for Indra (€5,366m). Backlog/Revenues LTM stood at 1.7x in 1H21 8

1H21 Revenues Evolution 2Q21 Revenues Evolution

1. Excluding the impact of the SmartPaper acquisition which started to consolidate on January 1st, 2021 and the FX impact

5

1H21 EBIT and Margin

2Q21 Operating Margin1

2Q21 EBIT and Margin

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

1H21 T&D Backlog(€m)

1H21 T&D backlog/revs LTM

1H21 T&D Order Intake (€m)

1H21 Revenues (€m)

Local Currency / Reported

2Q21 Revenues (€m)

Local Currency / Reported

Transport & Traffic Defence & Security

61 30 56 1H19 Op.Margin (€m) 1H20 Op.Margin (€m) 1H21 Op.Margin (€m) 89% -8% 11.1% 5.9% 3.7pp 9.6% -1.5pp

1H21 Operating Margin¹

1H21 EBIT and Margin

2Q21 Operating Margin¹

2Q21 EBIT and Margin

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

1H21 Minsait Backlog(€m)

1H21 Minsait backlog/revs LTM

1H21 Minsait Order Intake (€m)

1H21 Revenues (€m)

345 351 357 316 310 313 ^{211 188 239} 122 129 979 1,034 994 +10% / +6% -9% / -11% +2% / -2% +5% / +2% +2% / -2% +1% / -4% +30% / +27% +5% / +1% +5% / +2% +9% / +6% +11% / +4% Local Currency / Reported

2Q21 Revenues (€m)

Energy & Industry

Financial Services

1H21 EBIT and Margin

2Q21 Operating Margin¹

2Q21 EBIT and Margin

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

Net Working Capital (DoS)

1. Non-recourse factoring; 2.EBITDA LTM excluding IFRS 16 (€36M).

2. European Investment Bank. 2. Including €248m Convertible Bond with 2023 maturity. This convertible bond has a put option in October 2021 which has not been considered as part of 2021 maturities . 3. €298m Corporate Bond with 2024 maturity

Investor Relations irindra@indra.es

Avenida de Bruselas, 35 28108 Alcobendas Madrid Spain T +34 91 480 98 00 www.indracompany.com