#1Investor presentation March 10-11, 2021 Erik Gatenholm, CEO, CELLINK Gusten Danielsson, CFO, CELLINK CELLINK LIFE SCIENCES © CELLINK 2021, All rights reserved.#2093 BIOCONVERGENCE CELLINK LIFE SCIENCES © CELLINK 2021, All rights reserved.#3The modern healthcare challenges CELLINK LIFE SCIENCES High costs and lengthy processes for drugs to reach patients. 9 out of 10 fail in clinical stages! HUMAN A life is lost every hour life is lost eve of the day due to lack of organ transplants Animal studies are poor indicators of success for human drug development © CELLINK 2021, All rights reserved.#4Biology + Technology BIOCONVERGENCE IS THE FUTURE OF HEALTHCARE CELLINK LIFE SCIENCES © CELLINK 2021, All rights reserved.#5CELLINK LIFE SCIENCES Bioconvergence to form the future base of medicine and to reshape the global health industry Technological Development Bio-Convergence Technological Development Software and Engineering The 20th Century 瞩 888 Data Materials Science Genetic Therapy Artificial Intelligence & Big Data Computing Digitization of Biological Data Biological Drugs The 21st Century 2021 The 21st Century Chemical Drugs DT The 20th Century Bioconvergence connects various technologies from the fields of biology and engineering to identify and develop precise, personalized and effective medical solutions Biotechnology © CELLINK 2021, All rights reserved.#6The solution is found in bioconvergence + CELLINK LIFE SCIENCES Drug discovery 3D Cell culturing Diagnostics and biological sensors Regenerative medicine - tissue printing CRISPR & gene editing + Single Cell Omics Optics and Imaging Biopharmaceuticals 6#7Our unique bioconvergence offering CELLINK LIFE SCIENCES M-NX Light based bioprinting EXOX Extrusion based bioprinting BIOPRINTING UPSCHI XH2Vと500H Laser based bioprinting Single cell printing & sorting Live-cell imaging Omics BIOSCIENCES | Sample Prep. ° scieni.n SX CELINK COUPLIN Assays INDUSTRIAL SOLUTIONS ° NGS Library Prep. $100 scienion Bioreactors Diagnostics Multiplex OEM manufacturing Disease and tissue modelling Disease and tissue analysis Disease and tissue diagnostics © CELLINK 2021, All rights reserved.#8Large market opportunities for CELLINK CELLINK LIFE SCIENCES Market size The 3D bioprinting market is expected to reach $4.4Bn by 2028, +15.8% p.a. and the 3D cell culture market is expected to reach $12.6Bn by 2026, +29.1% p.a. Market size The CLD market is expected to reach $6.4Bn by 2025, +10.8% p.a. The single cell omics market is expected to reach $2.5Bn by 2025, + 14.6% p.a. Market size The PoC (Point of Care) diagnostics and testing market is expected to reach $50.6Bn by 2025, +11.4% p.a. BOX FIT Extrusion based bioprinting BIOPRINTING X Light based bioprinting Laser based bioprinting Single cell printing & sorting Live-cell imaging BIOSCIENCES Orhics Sample Prep. Bioreactors NGS Library Prep. sclenian S Assays INDUSTRIAL SOLUTIONS 5100 scienion Multiplex OEM manufacturing Diagnostics Disease and tissue modelling Disease and tissue analysis Disease and tissue diagnostics © CELLINK 2021, All rights reserved.#9The bioconvergence market CELLINK LIFE SCIENCES Bioconvergence market opportunity Bioprocessing Cell culture The upstream bioprocessing market size is expected to reach $12.6Bn by 2026, at a CAGR of 12.9% during the period. The cell culture market is expected to reach $33.1Bn by 2025, at a CAGR of 11.8% during the period. Single cell analysis 3D Cell culture The single-cell analysis market is expected to reach $5.6Bn by 2025, at a CAGR of 17.8% during the period. The 3D cell culture market is expected to reach $12.6Bn by 2026, expanding at a CAGR of 29.1% during the period. Cell line development The cell line development market is expected to reach CELLINK LIFE SCIENCES $6.4Bn by 2025, at a CAGR of 10.8% during the period. $45Bn+ $24Bn+ $200Bn+ © CELLINK 2021, All rights reserved.#10Serving our customers in the best possible way in the era of workflows BIO X CELLINK LIFE SCIENCES UP.SIGHT cytena Single cell handling robots Dispensing single cells to ensure specific genetic composition CELLINK Bioprinters & Bioinks Liquid handling robots 叉 CELLCYT: Live cell imaging Drug screening workflow Bioprint tissue using bioprinter and tissue specific bioink Dispense drug molecules and compounds onto tissues Monitor the treated tissue for drug response © CELLINK 2021, All rights reserved.#111 Ser FINANCIAL SUMMARY 958 CELLINK "LIFE SCIENCES 94 CELLINK 2021, All rights reserved.#12Continued strong organic growth, positive result and strategic investments for the future CELLINK "LIFE SCIENCES 94 Q5: September - December 2020 Net sales amounted to SEK 239,216 thousand (SEK 50,189 thousand), which corresponds to an increase of 377% (118%) compared to the corresponding period a year earlier, of which 73% (47%) was organic growth. EBITDA amounted to SEK 40,414 thousand (SEK -15,567 thousand), corresponding to a margin of 16.9% (-31.0%). Profit for the period amounted to SEK 13,219 thousand (SEK -18,895 thousand), which generates earnings per share after dilution of SEK 0.26 (SEK -0.48). The result was positively affected by the market valuation of the company's short-term investments of SEK 5,122 thousand (SEK 272 thousand). Rolling twelve-month net sales from consumables amounted to SEK 35,091 thousand (SEK 15,699 thousand), an increase of 124%. The share of total product sales was 11.9%, a decrease of 0.2 percentage points (12.1% in the comparison period). September 2019 - December 2020 Net sales amounted to SEK 416,009 thousand (SEK 155,646 thousand), which corresponds to an increase of 167% (128%) compared with the corresponding period a year earlier. Of the increase, 48% (77%) was organic growth. EBITDA amounted to SEK 816 thousand (SEK -12,216 thousand), corresponding to a margin of 0.2% (-7.8%). Operating profit was affected by costs for the listing on Nasdaq Stockholm and acquisitions totaling SEK -18,264 thousand (SEK -6,395 thousand). Profit for the period amounted to SEK -48,994 thousand (SEK -18,314 thousand), which generates earnings per share after dilution of SEK -1.10 (SEK -0.51). In addition to the listing and acquisition costs, the net result was affected by the market valuation of the company's short-term investments of SEK -1,211 thousand (SEK 1,722 thousand). Given the company's current growth phase, which is expected to continue during 2021, the Board of Directors proposes no dividend for the financial year 2019/2020. CELLINK 2021, All rights reserved.#13Strong organic growth and important strategic acquisition under continued challenging conditions CELLINK "LIFE SCIENCES 94 KSEK Net sales* Net sales Laboratory Solutions* Net sales Industrial Solutions* Gross profit Gross margin, % Sep-Dec 2020 239,216 Sep-Dec 2019 50,189 Sep 2019-Dec 2020 233 Sep 2018-Dec 2019 416,009 155,646 87,040 263,833 152,176 174,368 35,073 298,633 73% 70% 72% 110,496 71% Operating profit before depreciation and amortization (EBITDA) 40,414 -15,567 816 -12,216 Operating margin before depreciation and amortization (EBITDA), % 16.9% -31.0% 0.2% -7.8% Operating profit (EBIT) 14,161 -22,508 -51,927 -26,262 Operating margin (EBIT), % 5.9% -44.8% -12.5% -16.9% Profit for the period 13,219 -18,895 -48,994 -18,314 Diluted earnings per share, SEK** 0.26 -0.48 -1.10 Net debt(-)/Net cash(+) Cash flow from operating activities Average number of shares**, *** Number of shares at the end of the period** Share price on closing day, SEK** Market capitalization on closing day, MSEK Number of employees at the end of the period 755,738 -7,584 52,951,049 68,840 -13,847 39,374,416 51,601,285 38,984,776 755,738 -79,400 44,888,273 51,601,285 -0.51 68,840 -29,665 36,024,097 38,984,776 234.5 83.5 234.5 12,101 3,255 396 183 12,101 396 83.5 3,255 183 * Segment created September 2020, see note 3 in latest report ** CELLINK conducted a 4:1 split on January 10, 2020. Comparison periods have been restated for correct comparison. For definitions, see latest report on www.cellink.com/investors *** Average number of shares including potential ordinary shares. CELLINK 2021, All rights reserved.#14Strong organic growth in combination with improved sales levels in Q5, 2020... R Ser MSEK 400 NET SALES (LTM) 350 300 250 200 150 100 50 50 CELLINK "LIFE SCIENCES 73% Organic Growth Quarter 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q5 FY2018/19 FY2019/20 CELLINK 2021, All rights reserved.#15and continuous resilient gross margins SUR MSEK GROSS PROFIT & MARGIN (LTM) 300 85% 250 200 150 100 50 50 80% 75% 70% 65% 0 60% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q5 FY2018/19 FY2019/20 CELLINK "LIFE SCIENCES CELLINK 2021, All rights reserved.#16Stable revenue from consumables MSEK 40 35 30 25 20 20 15 10 5 0 Q1 Q2 Q3 Q4 Consumables, LTM FY2018/19 Q1 Q2 Q3 Q4 1 1er 16,0% 958 14,0% 12,0% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% Q5 Proportion of product revenues from consumables, LTM FY2019/20 CELLINK "LIFE SCIENCES 94 CELLINK 2021, All rights reserved.#17er Growth per region Q5, 2020 vs Q5, 2019 (share of sales, Q5 2020) CELLINK "LIFE SCIENCES 94 NORTH AMERICA 143% (49%) EUROPE ASIA 30% 49% (31%) (17%) OTHER -16% (3%) CELLINK 2021, All rights reserved.#181 Long-term financial targets 2019-2022 CELLINK "LIFE SCIENCES 94 Organic growth CELLINK's objective is to achieve an annual organic sales growth of >35%, supplemented by strategic acquisitions. EBITDA margin CELLINK's objective is to have a positive EBITDA margin. Capital structure CELLINK aims to maintain a ratio of Net Debt to EBITDA of 3.0x, and may temporarily exceed this level (e.g., as a result of acquisitions). CELLINK 2021, All rights reserved.#191 Ser M&A AGENDA 958 CELLINK "LIFE SCIENCES 94 CELLINK 2021, All rights reserved.#20Customer centric M&A agenda CELLINK invests in entrepreneurs' enthusiasm and passion for what they do. We aim to find and acquire companies that are built on determined people with a strong desire to create the future of medicine. Financial targets • Revenue growth in line with CELLINK'S . financial targets Potential for EBITDA margins above industry average Proven historical track record of products • and customers Strategic targets • Increase share of ownership of the value chain and improved value proposition • Increased market power and know-how • Potential to branch out into new additional verticals or strengthen regions CELLINK LIFE SCIENCES O CELLINK 2021, All rights reserved.#21CELLINK LIFE SCIENCES Successful integration of acquired companies dispendix A CELLINK COMPANY cytena A CELLINK COMPANY scienion A CELLINK COMPANY GINOLIS A CELLINK COMPANY • €5 MM in transaction value - 60% in shares / 40% in cash • Part of the bioprinting and drug development screening process • • Cross-sales opportunities and increased customer value with CELLINK Acquired at 11x Revenue, now at ~ 1x revenue. (In 2 years) • • • ~€30 MM in transaction value - 60% in shares / 40% in cash • ~40% EBITDA margin Strengthen position in research workflow and with big pharma (~90% of customer base) Cross-sales opportunities with CELLINK and Dispendix Acquired at ~ 7x Revenue, now at 3-5x revenue. (In 1.5 years) • ~€80 MM in transaction value - 50% / 50% in shares/cash ~25% EBITDA margin Strengthen position in single- cell handling Creating a low volume dispensing powerhouse with Dispendix and a dominant player in single-cell dispensing with Cytena Acquired at ~3.7x Revenue, now at ~2.7x. (In 4 months) ~€70 MM in transaction value - 40% / 60% in shares/cash ~12% EBITDA margin Strengthen position in automation and diagnostics Creating an automation and low-volume dispensing powerhouse with SCIENION and Business area Bioprinting Acquired at ~3.8x Revenue O CELLINK 2021, All rights reserved.#22A Acquisition of Ginolis - main synergies Enabling the next generation of bioprinting systems The increased demand for microfluidic and lateral flow IVD tests, PoC-tests Synergies with the Group's existing product offering and future product development Increased capacity to deliver larger automation workflows CELLINK LIFE SCIENCES O CELLINK 2021, All rights reserved.#23CELLINK LIFE SCIENCES MatTek, a global leader in in-vitro technology and alternative drug testing models "The rat gave us an answer, the monkeys gave us another answer, and the human testing gave us a third answer." MatTek customer#24CELLINK LIFE SCIENCES 1 2 3 Through the strategic acquisition of MatTek, the CELLINK Group will achieve the following: Provide alternative testing models which enables the reduction, and in some cases elimination, of animal testing. These solutions allow researchers to gather better data through more physiologically relevant models and thus make better predictions. Several strong synergies by combining cutting-edge bioprinting technology and modular large-scale robotic flows with 3D reconstructed, human-derived tissue models. Acquisition is in line with CELLINK's commercial, bioconvergence strategy, complementing CELLINK's product offering and brings the Group closer to the patients through cutting edge products used in clinical and pre-clinical studies.#25CELLINK LIFE SCIENCES The transaction in brief Enterprise Value on cash- and debt-free basis of $68 million (20% in shares and remaining in cash). MatTek's revenue reached $16.6 million in 2020, with and EBITDA margin of 21.9 per cent. Pro-forma revenue growth is expected for 2021 and MatTek's historical growth rate has been in the range of 10 per cent. MatTek will continue as a part of CELLINK's business area Bioprinting. MatTek will remain under current entity and management post-transaction. The Acquisition's completion and the transfer of MatTek's shares are expected to take place by March 24, 2021 provided that all conditions for completion are met. MatTek will be consolidated in CELLINK's financial statements from second quarter 2021 and in the financial reporting from April 1, 2021.#26Why increase tissue model testing? Reduces animal testing Faster drug development processes Human in-vitro tissues are the best models of actual human tissues Great potential for personalized medicine CELLINK LIFE SCIENCES#27Market potential and growth CELLINK LIFE SCIENCES In 2020 the global in vitro testing market without using animals as test models is estimated at $9.1Bn and expected to grow at a CAGR of 10.3% during the forecast period to reach $14.9Bn by 2025.#28O CELLINK LIFE SCIENCES CONTACT INFO Erik Gatenholm, CEO [email protected], phone: +1 (650) 515 5566 Gusten Danielsson, CFO [email protected], phone: +1 (857) 332 2138 Visit Investor Relations section for more information: www.cellink.com/investors Investor Relations service and requests please contact: [email protected] Next interim report: Q1, 2021 - release on May 12, 2021, 08:00 (CET) O © CELLINK 2021, All rights reserved.#29CELLINK LIFE SCIENCES Disclaimer You must read the following before continuing. 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While the Company always intends to express its best judgment when making statements about what it believes will occur in the future, and although the Company bases these statements on assumptions that it believe to be reasonable when made, these forward-looking statements are not a guarantee of its performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of the Company's control and could cause its actual results to differ materially from those it thought would occur. The forward-looking statements included in this presentation are made only as of the date hereof. The Company does not undertake, and specifically decline, any obligation to update any such statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments. © CELLINK 2021, All rights reserved.