Kinnevik Results Presentation Deck

Intro . Net Asset Value are now even more focused at hiring in different jurisdictions to further optimize their cost base, and with valuations reset- ting across companies in the venture and growth ecosystem, there is a lot of movement of talent taking place. We expect Omnipresent to move along the S-curve over time, just as many of our successful investments have done before them. One example of this is Budbee, where we in- vested early on and have kept investing more capital as the company has progressed along the curve. Since our first investment in 2018, Budbee has grown revenue by over 30x to SEK 835m in 2021, while reaching profitability in their underlying operations. In addition to last mile deliveries directly to the home, Budbee has contracted 5,000 pick-up boxes in its five markets supporting their strong growth. Budbee is an example of how high-quality companies remain able to raise capital at attractive terms even as markets have softened, with the company completing a funding round of SEK 400m during the quarter valuing the company at SEK 7.3bn. To date, our investment in Budbee has generated a return of 4.4x times our aggregate invested capital, and 11x our first investment in 2018. With our diverse set of companies led by strong founders, we also have great opportunities to draw on the experiences from how some of our portfolio companies have coped with rapidly changing market conditions. One such example is Avi Meir, the founder and CEO of TravelPerk, whose strong leadership and swift actions helped TravelPerk not only survive when the covid pandemic hit, but to thrive as travel returned. Read how he did it on page 15. Assessing New Investment Opportunities The current market environment will not only cause some of our companies to fall off their growth trajectory, or to fail completely. It will also cause attractive investment opportunities to emerge both in our existing portfolio and in new companies. Our pipeline remains vibrant, with interesting KINNEVIK Interim Report - Q2 2022 Portfolio Overview Sustainability opportunities in all focus sectors. In the first six months of 2022, we have deployed SEK 2.1bn in total, with a 37/63 per- cent split between existing and new companies. We see a marked difference in the pace of new funding rounds, and we believe that this market climate benefits our ability to identify, source and pursue long-term attractive investment opportunities. For the full year, we still expect to invest around SEK 5bn, and that this capital is split fairly even between follow-on investments and new investments, and we remain ready and able to deploy even more capital should attractive opportunities arise during the second half of 2022. Building Sustainable Businesses In June, we published our first Climate Progress Report to follow-up on the fulfilment of our annual greenhouse gas emissions intensity target for Kinnevik's portfolio. Between 2020 and 2021, the emissions-reporting companies in Kinnevik's portfolio have decreased their emissions intensity by 11 percent, thus achieving our annual target of 7 percent. The current market environment will cause attractive investment opportunities to emerge both in our existing portfolio and in new companies. Our pipeline remains vibrant, with interesting opportunities in all focus sectors. Financial Statements Other Climate change is one of the greatest global environmental and economic challenges of our time and we have a unique position to influence our companies to become sustainability leaders and align with a low-carbon future. We are proud of the progress made in our portfolio companies and impressed by their ability to scale rapidly while decreasing greenhouse gas emission intensity. Concluding Remarks The current market environment is driving a wedge between companies that rose with the tide during the pandemic era and companies that truly have the potential to be long-term successful irrespective of the macroeconomic environment. This is the case for the venture and growth market in general, and it is the case for us at Kinnevik. We need to be prepared if the pressure on valuations continues, or intensifies further, making fundraising even more difficult. While we remain humble in the face of the current market environment, we are confident that over the long-term we will come out of this downturn stronger. For two reasons. Firstly, we believe we have been disciplined allocators of capital and have elected to pass on, or scale down, invest- ments at lofty valuations during 2020 and 2021. Secondly, we believe our permanent capital base and our strong financial position gives us the tools we need to capture as much value as possible during a time when other investors' horizons contract. Growth investing is not easy and requires a level of patience and composure that few investors can stomach. It is at these times of difficulties that the advantage and distinction of our long-term perspective is the most valuable. To all our shareholders that continue to place your trust with us, we are confident your endurance will be rewarded. Georgi Ganev CEO of Kinnevik 5

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