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Kinnevik Investor Event Presentation Deck

.AS ARE OUR COMPANIES (25)% Flat Valuing a Permanent Capital Firm's Portfolio Benchmarking Against Public Peers 25% Note: Chart shows constituents of BVP Nasdaq Emerging Cloud Index Source: FactSet 50% GB 75% NTM Revenue Growth R² 0.5 4 100% 125% * 30x 25x 16 20x 15x 10x 5x 150% We are valuing high-growth companies with financial profiles you do not typically find in public markets EV/NTM Revenue (9) ΚΙΝΝEVIK

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