Kinnevik Results Presentation Deck

KINNEVIK HAS COMPLETED A SELL-DOWN IN ZALANDO AND PROPOSES AN EXTRAORDINARY CASH DISTRIBUTION OF SEK 1.9BN TO SHAREHOLDERS ■ ■ Completed a sell-down of a 4.4% stake in Zalando, generating net proceeds of SEK 6.7bn Provides us with increased flexibility and a strong financial position from which to execute our strategy With the sell-down, Kinnevik has recouped the EUR 902m invested in Zalando and does not plan to realize further cash proceeds from Zalando Further to the transaction, Kinnevik's Board of Directors propose an extraordinary cash distribution of SEK 7.00 per share, SEK 1.9bn in total, to be approved by an EGM. The cash distribution was determined, as per Kinnevik's shareholder remuneration policy, based on our financial position and net investment forecasts Zalando is well placed to continue benefiting from the acceleration in consumer adoption of digital services and to extend its position as the leading European online fashion platform, particularly through its scalable Partner Program We Have Recouped Our Investment in Zalando SEKbn Extraordinary Cash Distribution 7.9 Pivoting Our Portfolio Towards Early Growth Zalando Sell-Down in Line With Our Strategy Invested Capital 1.9 4.9 5.9 Proceeds from Sell-Downs June 2020 September 2019 (5.7) +5.9 +6.7 2019 Q2 Zalando Zalando Sep '19 Jun '20 Providing us Financial Flexibility Net Cash / (Debt) Development Y/Y, SEKbn +0.5 +1.4 (3.0) Divest- Dividend Invest- ments Net ments (0.3) Other 5.5 5 2020 Q2 (1.9) Extra Dividend The sell-down is in line with Kinnevik's strategy to increase its exposure to younger growth companies. We see a number of attractive investment opportunities, and the sell-down has meaningfully strengthened our financial position and ability to execute our strategy 3.6 2020 Q2 (Pro Forma) KINNEVIK

View entire presentation