Telia Company Results Presentation Deck

Q2 HIGHLIGHTS - RESILIENT DESPITE COVID-19 SERVICE REVENUE DEVELOPMENT 3 Q2 19 Q3 19 Q4 19 Q1 20 YoY growth, like for like -5.6% Q2 20 EBITDA LESS CASH CAPEX* Q2 2020 SEK 3.7 BILLION -2.3% SEK 0.8 BILLION Ex. TV & Media Q2 20 YTD GROWTH (SEK 3.0 billion Q2 2019) *Adjusted EBITDA including repayment of lease liabilities less cash CAPEX excluding licenses Q2 19 ADJUSTED EBITDA DEVELOPMENT Q3 19 YoY growth, like for like Q4 19 OPERATIONAL FREE CASHFLOW Q2 2020 SEK 2.2 BILLION (SEK 2.4 billion Q2 2019) Q1 20 0.0% Q2 20 1.8% Ex. TV & Media Q2 20 PROFORMA LEVERAGE POST TURKCELL SALE 2.48x (2.64x Q2 2020)

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