Indra Sistemas (IDR) Investor presentation summary

Vision and strategic direction

• Aims to be a leading Spanish multinational in Defence & Aerospace and Advanced Digital Technologies, with a strong focus on R&D and international expansion.

• Strategic plan emphasizes growth in Defence, Space, Air Traffic Management, and digital transformation through Minsait and IndraMind.

• Pursues leadership in European and global markets, leveraging M&A, alliances, and technology investments.

• Committed to ESG leadership, climate action, and talent development, with top rankings in global sustainability indexes.

Financial performance and projections

• FY25 revenues reached €5.46bn (+12.7% YoY), EBITDA €636m (11.7% margin), and EBIT €517m (9.5% margin).

• Backlog surged to €16.1bn (+122%), order intake to €12.8bn (+138.6%), and net income to €436m (+57%).

• Free cash flow for FY25 was €364m (+11%), with net debt at €583m (1.0x EBITDA).

• 2026 guidance updated: revenues >€7bn, EBIT >€700m, cumulative FCF >€900m (2024–26).

Business segment highlights

• Defence: Revenues €1.41bn (+36%), order intake €8.16bn (+675%), backlog €11.3bn (+281%). Margins impacted by TESS consolidation.

• Air Traffic Management: Revenues €523m (+12%), order intake €726m (+24%), backlog €1.05bn (+23%). Margins affected by project write-down.

• Mobility: Revenues €398m (+10%), order intake €469m (+14%), backlog €1.01bn (+6%). Margin improvements noted.

• Minsait: Revenues €3.13bn (+5%), order intake €3.42bn (+4%), backlog €2.68bn (+9%). Margin acceleration in 2H'25.