Kinnevik Results Presentation Deck

Intro Categories KINNEVIK IN SUMMARY • Value-Based Care • Virtual Care • Platforms & Marketplaces • Software (37)% One Year Net Asset Value Value-Based Care Virtual Care Platforms & Marketplaces (8)% Software Consumer Finance Annualised Total Shareholder Return TMT Total Portfolio +5% KINNEVIK Fair Value Five Years 9 072 2 523 (2)% 5 357 8 318 Five Year Annualised IRR per Category 2 303 Note: The annualised total shareholder return includes reinvested dividends. • Consumer Finance Note: Financial metrics weighted by fair value as at 31 March 2023. For more information about the categories see Note 4 on pages 27-34. 11% 12% Interim Report Q1 2023 Return +12% Ten Years 3.4x 2.3x 0.9x 2.9x 0.9x 56% Portfolio Overview 53% 51% Average Holding Period 3.3 Years 1.6 Years 3.6 Years 4.1 Years 5.8 Years +16% Thirty Years 5,742 Investment Activity (SEKm) (7,043) FY 2022 Sustainability 2022 Revenue Growth 51% 221% 86% 142% 25% (1,301) Investments Divestments 2022 Gross Margin Net Investments 14% 48% 23% 41% 55% 47% 814 Financial Statements NTM EV/Revenue (1,020) 3.4x Q1 2023 9.6x 3.3x 13.1x Net Cash to Portfolio Value 5.5x (206) Other Composition of Portfolio Value Tele2 31% Emerging Markets 2% Early Bets & New Themes 7% Consumer Finance 5% 67.9 Value-Based Care 20% 61.1 Platforms & Marketplaces 12% NAV Development (SEKbn) Virtual Care 6% Software 18% 58.0 Q1'22 Q2'22 Q3'22 52.9 55.5 Q4'22 Q1'23 6

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