Telia Company Results Presentation Deck

SWEDEN FINANCIALS LO 5 7,434 7,469 7,286 7,544 7,233 I Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Consumer Enterprise Other ● Service revenues Reported currency, in millions, like for like growth -2.7% ● * Service revenue split Reported currency, in millions, like for like growth +1.4% Copper legacy = Fixed telephony and xDSL 6,351 6,366 6,650 LLLLL 1,083 1,018 6,451 Service revenue declined 2.7% (SEK 202m), of which copper related (SEK 187m) and roaming (SEK 80m) Underlying service revenues, ex roaming and copper up 1.4% Consumer segment stable, excl. roaming 6,441 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 EO-items Roaming Copper legacy* Underlying Q1 Highlights 791 Adj EBITDA Reported currency, in millions, like for like growth -4.8% 3,398 Q1 20 3,316 Q2 20 3,433 3,359 Q3 20 Q4 20 Adj EBITDA 3,235 Q1 21 Enterprise segment impacted by roaming and continued price pressure OPEX reduced by 3.1% EBITDA margin impacted by higher equipment volumes and product mix

View entire presentation