Kinnevik Results Presentation Deck

WE ARE PROVIDING MORE SPECIFIC, ALBEIT AGGREGATED, METRICS ON OUR UNLISTED COMPANIES RELATIVE TO THEIR MORE MATURE LISTED PEER GROUPS Note: Investment Value-Based Care Virtual Care Platforms & Marketplaces Software Consumer Finance Average Growth (2021) Kinnevik Unlisted Investee Averages 105-125% 215-235% 40-60% / 140-160% 130-150% 30-50% Average Gross Margin (2021) 5-15% 35-55% 30-40% / 60-80% New NAV Split Key Data Points 60-80% 50-70% Average EV/R (2022E) 5.5-7.5x 17.5-20x 1-3x/6-8x 30-40x 8-10x Average Growth (2021) 55% 80% 40% / 45% 35% 40% Peer Group Averages Average Gross Margin (2021) 25% Gross margins comparable to relevant peer groups, but not necessarily between NAV categories due to differences in business model and accounting standards 45% 40% / 80% 80% 55% Average EV/R (2022E) 18 3.0x 3.5x 1-3x/6x 11.5x The key drivers of our valuations relative to peers are (i) differences in growth rate and (ii) levels and recency of transactions 8x KINNEVIK

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