Indra Sistemas S.A.

Report Publication Announcement • Apr 27, 2021

1Q21 Results

April 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: 51218306# Access to the live event: https://onlinexperiences.com/Launch/QReg/ShowUUID=6E801CCE-1F64-41A2-9B50-4690B4C1F24F

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

Replay dial number: Spain: +34 910387490 France: +33 (0) 172727402 UK: +44 20 3364 5147 US: +1 (646) 722-4969 Access code: 425004910# Access to the Webcast Replay: https://onlinexperiences.com/Launch/QReg/ShowUUID=6E801CCE-1F64-41A2-9B50-4690B4C1F24F

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 €22m in 1Q21 vs €6m in 1Q20 (+255%) and €18m in 1Q19 (+22%)
• 1Q21 Revenues went up +5.5% in local currency (+2.2% in reported terms) vs 1Q20 recovering 1Q19 levels, driven by Defence and Minsait 2
• Reported EBITDA and EBIT grew +25% and +104% respectively vs 1Q20
• 1Q21 Revenues in Minsait increased by +4.2% in constant currency, boosting its EBIT margin above 4% in the period (1.5% in 1Q20)
• T&D revenues went up +7.3% and EBIT increased +58% in 1Q21 vs 1Q20. Sales in Defence grew by +21%, mainly pushed by its International Business 5
• Cash generation in 1Q21 was €-17m (includes €-11m of the workforce transformation plan) vs €-59m in 1Q20 6
• Net debt reached €505m vs €633m in March 2020. Net Debt / EBITDA LTM ratio stood at 2.4x in March 2021 vs 2.2x in March 2020

• Backlog reached again new historic high for Indra (€5,322m). Backlog/Revenues LTM stood at 1.74x in 1Q21

1Q21 Revenues Evolution

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

5

Indra backlog/revs LTM T&D backlog/revs LTM Minsait backlog/revs LTM

1Q21 Operating Margin 1Q21 EBIT and Margin ¹

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.

1Q21 Order Intake (€m)

1Q21 Revenues (€m)

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.

1Q21 Order Intake (€m)

1Q21 Revenues (€m)

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.

MINSAIT

Net Working Capital (DoS)

1. Non-recourse factoring; 2.EBITDA LTM excluding IFRS 16 (€37M).

2. European Investment Bank. 2. Including €247m Convertible Bond with 2023 maturity and €296m Corporate Bond with 2024 maturity.

3. The 2023 convertible bond has a put option in October 2021 which has not been considered as part of 2021 maturities

Investor Relations irindra@indra.es

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