Kinnevik Results Presentation Deck

Intro Categories KINNEVIK IN SUMMARY • Value-Based Care • Virtual Care • Platforms & Marketplaces • Software • Consumer Finance (52)% One Year Value-Based Care Virtual Care Platforms & Marketplaces Software Consumer Finance Note: For more information about the categories see Note 4 on pages 29-33. TMT Total Portfolio Annualised Total Shareholder Return Net Asset Value 9% (1)% KINNEVIK Five Years Fair Value 4% 7 793 Five Year Annualised IRR per Category 2764 6 866 15% 15% 9 371 2 462 14% Note: The annualised total shareholder return includes reinvested dividends. Interim Report. Q2 2022 Ten Years Return 3.3x 2.6x 1.3x 3.8x 1.1x 60% 61% Portfolio Overview 79% Average Holding Period 2.6 Years 2.9 Years 3.0 Years 3.7 Years 4.7 Years 14% Thirty Years 2,132 (7,042) Sustainability H1 2022 2021 Revenue Growth +145-165% Investment Activity (SEKm) +125-145% +40-60%/ +140-160% +130-150% +30-50% (4,910) 2021 Gross Margin Investments Divestments 5-15% 50-70% 30-40% / 60-80% 28% Net Investments 60-80% 50-70% 475 Financial Statements NTM EV/Revenue 3-4x 1.5-2.5x/5-7x (6,027) 5.5-7.5× Q2 2022 10-25x Net Cash to Portfolio Value 5-7x (5,552) Other Composition of Portfolio Value Tele2 33% Emerging Markets 3% Early Bets & New Themes 3% Platforms & Marketplaces 14% 76.2 75.8 Value-Based Care 16% NAV Development (SEKbn) 72.4 Virtual Care 6% Consumer Finance 5% 67.9 Q2'21 Q3'21 Q4'21 Q1'22 61.1 Q2'22 Software 19% 6

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