Indra accelerated its growth in 2019: backlog increased 11% reaching an historic high and profitability improved again, increasing the EBIT 11%

2019 Order Intake (+7%) grew again above revenue growth (+3%)

Backlog up +11%, surpassing the €4.5bn mark at 1.4x revenues, new record for Indra

Revenues up +4% in local currency in 2019. Minsait revenues grew +6%. By geographies, America stood out (+12% in local currency). 4Q19 Transport & Defence revenues temporary down due to delays in milestone certification of specific projects

EBIT grew +11% in 2019, pushed by Minsait profitability (3.8% EBIT margin), despite the lower contribution of the Election Business

Net profit stood at €121m and improved +1.3% due to higher tax rate (29% in 2019 vs 25% in 2018)

4Q19 FCF reached €246m (€7.5m in 2019), driving Net Debt / EBITDA LTM ratio down to 1.8x (1.6x excluding SIA acquisition)

Indra renewed its presence in the major sustainability indexes and generated more than 1,400 jobs in Spain (more than 3,000 in the last two years)

Indra acquired SIA, a firm specialized in cybersecurity services, for €67m on December 31st, 2019. SIA balance sheet and cash flow statement are consolidated in 2019 numbers while the income statement will start to consolidate from January 1st, 2020