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Kinnevik Investor Event Presentation Deck

WE HAVE INCREASED OUR CAPITAL REALLOCATION INTENSITY, AND ALLOW OURSELVES TO OPERATE WITH A LARGER BUFFER 15.0 12.5 10.0 7.5 5.0 2.5 1. Q4 2017 Our Balance Sheet Ensuring Flexibility & Agility (SEKbn) Q4 2019 LTM Divestments LTM Investments Net Cash / (Debt) as X of LTM Investments Our SEK 12.5bn net cash position allows us to maintain a 5bn p.a. momentum well into late 2024 Q3 2022 17 3.0x 2.5x 2.0x 1.5x 1.0x 0.5x (5) ΚΙΝΝΕVIK

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