Kinnevik Results Presentation Deck

OUR FINANCIAL POSITION ALLOWS US TO MAINTAIN OUR INVESTMENT MOMENTUM, AND WE AIM TO ALLOCATE CAPITAL IN A DISCIPLINED BUT FLEXIBLE FASHION ■ We held a SEK 13.6bn net cash position at quarter-end, and expect to invest in the region of SEK 5bn during 2022 We expect these SEK 5bn to be split fairly evenly between new investments and follow-on investments Year to date, we have invested SEK 2.1bn, split 1.3bn into new investments and 0.8bn into follow-ons In addition to our own net cash position, our pro rata share of net cash in our investees exceeds SEK 2bn We estimate that investees corresponding to almost 50% of fair value have cash runway extending into 2024, with only around 9% having runway that ends during 2022 On a value-weighted basis, our investees have around 18- 24 months cash runway At a sustained SEK 5bn p.a. investment momentum, Kinnevik has net cash runway well into 2024 even without any material capital inflows Our financial strength also provides us with flexibility to time our capital deployment in an attractive way in the current environment Capital Reallocation Overview Investee Cash Runway Indicative, % of Fair Value 9% <6 Months 6-12 Months 35% 12-18 Months 8% 48% >18 Months or Profitable 12.5 10.0 7.5 5.0 2.5 Rolling LTM Investments & Divestments Since Q4 2018, SEKbn Q4 2018 Rolling LTM Investments Rolling LTM Divestments Our financial strength provides us with the ability to exploit a depressed valuation environment We intend to combine flexibility with discipline as we maintain our investment momentum Q2 2022 12 KINNEVIK

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