Nine Months 2020 Indra Sistemas SA Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst : My first question is on -- regarding what Cristina said. Looks like at this stage, we are seeing somehow cannibalization on -- between the legacy systems on IT and digital solutions. So to that extent, can you give us an indication of the growth of the digital solution, excluding perimeter for this year to have a more or less an idea whether or not you are capturing part of the losses that you are losing on the legacy territory? My second question is on the Eurofighter. I remember at the beginning of the year, that you stated that this year should be a year of mute evolutions in terms of Eurofighter, both revenues and EBITDA-wise. I have -- if I'm -- if I hear correctly, Ignacio has stated that we have seen some improvement in the orders on Eurofighter throughout the year. So can you give us an idea of an indication of the Eurofighter for this year remains valid what you said previously or is there any new remark? And probably my final question is regarding your statement on free cash flow generation for the full year. You said that you expect free cash flow to behave a little bit better than what you were expecting previously in July, whether you can comment what has changed basically?

Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst : Sorry, Cristina, but I missed the number on the digital sales evolution for the 9 months, sorry.

Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst : But that is the reported terms?

Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst : Yes. And excluding perimeter? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 27, 2020 / 5:30PM, IDR.MC - Nine Months 2020 Indra Sistemas SA Earnings Call

Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst : Okay. So it looks like that at least...

Question: Manuel Lorente - Mirabaud Securities Limited, Research Division - Analyst : Okay. So it looks like, at least today, you are not recovering what you are losing from the legacy system. So probably the question is when do you expect to start to capture in some of the, let's say, the structural changes that you are seeing in the sector? This is something that is going to take, I don't know, 6 months, 12 months, 3 years?