Telia Company Results Presentation Deck

EBITDA 13 Adj EBITDA bridge Like for like growth Q1 21 SWE FIN NOR - +0.1% OUTLOOK DEN LIT EST TVM Other Q1 22 Solid revenue and cost development in Sweden Strong EBITDA development in Norway masked by a tough comparison TV and Media EBITDA down due to higher content costs Adj EBITDA development Like for like growth - 2.7% Q1 21 1.3% Q2 21 -1.9% Q3 21 0.0% EBITDA: 2022: Adjusted EBITDA, like for like, to grow by low single digit EBITDA: 2021-2023: Adjusted EBITDA, like for like, to grow by low to mid-single digit Q4 21 0.1% Q1 22 Core Telco grew EBITDA 4.6% Increased content cost in TV and Media key reason for flat EBITDA

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