Indra Sistemas (IDR) Investor presentation summary

Strategic vision and business focus

• Aims to be a leading Spanish multinational in Defence, Aerospace, and Advanced Digital Technologies, with a strong push in AI and digital transformation across all business units.

• Strategic plan emphasizes growth in Defence, Space, and IT services, with significant investments in R&D and talent.

• Expansion into new markets, especially North America, Asia-Pacific, and the Middle East, is a priority.

• M&A activity is focused on strengthening Defence & Aerospace capabilities and expanding the ecosystem.

• ESG leadership recognized by top global indexes, with ambitious net-zero targets by 2040.

Financial performance and projections

• Revenues projected to reach €6B in 2026 and €10B by 2030, with EBITDA margins rising above 14%.

• 1H26 saw double-digit growth in order intake (+58%), revenues (+30%), and EBIT (+51%), with EBIT margin at 9.9%.

• Free cash flow in 1H26 reached €1.49B, and net debt turned negative at -€1.03B.

• All divisions recorded YoY growth, especially Defence (+103% revenues), and Space (+398% revenues, driven by acquisitions).

• Consistently exceeded financial targets since 2023, with updated 2026 guidance raising ambitions for revenue, EBIT, and FCF.

Operational and organizational highlights

• Workforce exceeds 62,000, with significant growth in Defence and high-value technology jobs.

• Industrial footprint quadrupled by 2027, with major investments in new plants and production capacity.

• Product standardization and supply chain tiering have improved efficiency and cost savings.

• AI and digitalization initiatives (IndraMind) are driving productivity and new business lines, targeting €1B+ revenue by 2030.

• Divestment of non-core assets and focus on high-value digital solutions in Minsait.