Kinnevik Results Presentation Deck

Intro Change Q/Q • Value-Based Care • Virtual Care • Platforms & Marketplaces • Software • Consumer Finance • Early Bets & New Themes Total Unlisted Portfolio 29.9 Q1 2023 KINNEVIK Net Asset Value +0.3 Change in Revenue Outlook (NTM) Fair Value Interim Report Q2 2023 (4)% +13% Value Drivers in the Unlisted Portfolio Q1 2023 Q2 2023, Illustrative Approximations, SEKbn (6)% +4% +8% +5% +1% (0.6) Multiples (NTM EV/R) Portfolio Overview +1.0 Equity Value Liquidation Preferences & Currencies (11)% +1% (8)% +1% +8% (1)% (4)% (0.2) Cash Burn & Dilution Sustainability Investee Average EV/NTM R (6)% (10)% +3% (3)% (1)% (3)% +2.1 Net Investments Peer Average EV/NTM R 32.5 Q2 2023 (2)% (4)% (3)% +6% +0% +0% Financial Statements 2% 1% -1% -2% Valuation Reassessments to NAV Impact % Q/Q Change -3% (2)% -4% +1% Average Write-Down Other Weighted by Value Underlying Value Change (Q/Q, Simple Average) Fair Value Change (Q/Q) After Dilution & Investments After Preferences Fair Value After FX 29

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