Kinnevik Results Presentation Deck

KINNEVIK HAS INVESTED SEK 184 MILLION INTO COMMON, A RESIDENTIAL BRAND AND TECHNOLOGY-ENABLED PROPERTY MANAGER Description Case Validity Strategic Fit ■ ■ ■ ✓ Common Investment Overview Common is a residential brand and technology enabled property manager based in New York The company manages residential apartment buildings on behalf of build-to-rent asset owners. This includes marketing, viewings, leasing documentation, on-site operations, maintenance and renewals Common has signed agreements to manage 17,600 units across its three brands, focused on urban millennials, families with kids, and suburban workforce housing For tenants, Common offers a more seamless experience through rentals that are all-inclusive and flexible, with virtual walk-throughs and online contracting. This has resulted in a historical vacancy rate of half of the industry average For asset owners, Common improves operating yields by automating more processes and driving better marketing conversion rates relative to unbranded properties In addition to property management, Common offers the option to convert some traditional units to co-living, which can significantly enhance the asset owners' returns through densification The business model is asset-light, with no direct exposure to underlying real estate prices Common is effectively a managed marketplace that connects tenants with asset owners, but plays a deep facilitation role in standardising this relationship to remove friction ▪ Living is a big share of wallet, typically representing around one-third of millennials' disposable income The sector has been characterised by limited innovation and technology investment over a number of years, which has restricted consumer choice and resulted in no established brands 5 KINNEVIK

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