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KEY FIGURES KEY FIGURES Sales by region 1-12/2022 1-12/2021 Change Orders received Order book MEUR 9,131.3 8,852.8 3.1% -2.5% MEUR 9,026.1 8,564.0 5.4% 5.4% Change at comparable exchange rates 41 % (44%) 39 % (38%) Sales MEUR 10,906.7 10,514.1 3.7% -1.8% Operating income MEUR 1,031.2 1,295.3 -20.4% Operating income margin % 9.5 Adjusted EBIT⭑* MEUR 1,076.6 12.3 1,309.8 -17.8% Adjusted EBIT margin* % 9.9 12.5 ■ EMEA Income before tax MEUR 1,028.4 1,320.8 -22.1% 21% (18%) ■ Americas 1-12/2022 (1-12/2021) Asia-Pacific Net income MEUR Basic earnings per share EUR 784.5 1.50 1,022.7 -23.3% Cash flow from operations (before financing items and taxes) Interest-bearing net debt MEUR MEUR 754.7 -1,309.0 1.96 1,828.7 -2,164.1 -23.6% Sales by business Equity ratio % Return on equity % 40.3 25.9 Net working capital (including financing items and taxes) Gearing MEUR % -903.9 -45.7 * KONE presents adjusted EBIT as an alternative performance measure to enhance comparability of business performance between reporting periods. In January- December 2022, items affecting comparability amounted to EUR 45.4 million including a charge for the impairment of assets and recognition of provisions for commitments in Russia and Ukraine, as well as costs for restructuring measures. In the comparison periods, items affecting comparability consisted of restructuring costs. 15% (14%) 0 36% (33%) 50 % (54%) ■New equipment ■ Maintenance 1-12/2022 (1-12/2021) 41.2 32.0 -1,468.2 -67.6 ■Modernization Orders received*, MEUR Sales, MEUR Adjusted EBIT, MEUR and adjusted EBIT margin, % Cash flow*, MEUR Earnings per share, EUR Dividend per class B share, EUR 10,000 8,853 9,131 12,000 10,514 10,907 1,500 8,185 9,939 1,251 1,310 20.0 1,908 1,829 1.96 2.25 2,000 2.10 1.81 2.40 2.10 8,000 10,000 1,250 1,077 16.0 1,750 1.80 1.50 2.10 1.75 8,000 1,000 1,500 1.80 6,000 1.50 12.0 6,000 750 12.6% 12.5% 1,250 1.50 1.20 4,000 9.9% 8.0 1,000 755 1.20 4,000 500 0.90 750 0.90 2,000 4.0 2,000 250 500 0.60 0.60 250 0.30 0.30 0 0 0 0.0 2020 2021 2022 2020 2021 2022 2020 2021 2022 0 0.00 0.00 2020 2021 2022 2020 2021 2022 2020 2021 2022* *) Orders received do not include maintenance contracts Adjusted EBIT *) Cash flow from operations before financing items and taxes Adjusted EBIT margin *) Board's proposal Dividend 2 Extraordinary dividend KONE ANNUAL REVIEW 2022

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