Kinnevik Results Presentation Deck

Intro Net Asset Value (SEK) 52.9bn Key Financial Data SEKM Net Asset Value Net Asset Value per Share, SEK Share Price, SEK Net Cash/ (Debt) A CHALLENGING MARKET ENVIRONMENT CONTINUES TO WEIGH HEAVILY ON GROWTH INVESTING SEKM Net Asset Value Net Profit/(Loss) Net Profit / (Loss) per Share Pre Dilution, SEK Net Profit / (Loss) per Share Post Dilution, SEK Change in Fair Value of Financial Assets Dividends Received Dividend Paid, In Kind Dividend Paid, Cash Investments Divestments KINNEVIK Interim Report. Q4 2022 Change in NAV Q/Q (9)% Q4 2022 Portfolio Overview -5 085 -18.16 -18.16 -5 437 461 2 589 31 Dec 2022 52 906 188.90 143.50 10 387 Q4 2021 -3 467 -12.46 -12.46 -4 062 563 2 370 -5 294 Change in NAVY/Y (27)% 30 Sep 2022 57 982 207.05 147.65 12 530 FY 2022 -19 519 Sustainability -69.83 -69.83 -22 856 3 538 5 742 -7 043 31 Dec 2021 72 391 259.86 323.95 5 384 FY 2021 14 777 53.12 53.12 13 269 1 689 -54 140 Financial Statements -44 6 376 -5 544 Other One-Year TSR (56)% Five-Year Annualised TSR 5% "Inflation and increasing interest rates have led to a steep decline in investor risk appetite after two years of abundance. This has particularly affected valuations of growth companies, and had a significant negative impact on Kinnevik's net asset value in 2022. With measures taken to improve profitability and prolong runways, our companies are entering 2023 with more resilient financial plans. This combined with our own solid financial position, long-term view, and active ow- nership approach, enables us to remain firmly focused on the continued execution of our strategy." Georgi Ganev CEO of Kinnevik 2

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