Kinnevik Results Presentation Deck

WE ARE NAVIGATING A HIGHLY CHALLENGING ENVIRONMENT FROM A POSITION OF STRENGTH, WITH SHORT-TERM CHALLENGES AND LONG-TERM OPPORTUNITIES Note: budbee Mathem TELE2 Highlights of The Quarter Q2 2022 NAV decreased by 10% to SEK 61.1 bn or SEK 218 per share, as the downward valuation trend continued without abatement. On average, revenue multiples contracted by around 30% in the quarter, and the fair value of our unlisted portfolio declined by around 20% before taking liquidation preferences and material currency tailwind into account We made a follow-on investment in Budbee, valuing the company at SEK 7.3bn, supporting its continued strong organic and profitable growth. We also participated in Mathem's funding round valuing the company at SEK 2.3bn, in line with our first quarter 2022 valuation We divested 27% of our shareholding in Tele2 for SEK 6.0bn, providing us with additional financial strength at a time of market uncertainty. We have a net cash runway through 2024, and will continue to support our most promising companies and to take stock of opportunities emerging in the prevailing market environment Net Asset Value adjusted for Other Net Assets / Liabilities We published our inaugural Climate Progress Report to follow-up on our climate target for the portfolio. Between 2020 and 2021, the emissions- reporting companies in Kinnevik's portfolio have decreased their emissions intensity by 11%, thus achieving our annual target of 7% Net Asset Value • Public, Private, Net Cash / (Debt), SEKbn 72.4 67.9 32.6 !!! 32.6 31.0 29.3 5.0 34.9 5.4 2021 Q4 Investments 0.5 2022 Q1 Investment Activity Q2 2022, SEKbn Divestments (6.0) 3 61.1 19.0 13.6 2022 Q2 Net Investments (5.6) KINNEVIK

View entire presentation