Telia Company Results Presentation Deck

EBITDA 14 8.2 Q3 20 Adjusted EBITDA development SEK in billions, in reported currency, like for like growth 7.5 OUTLOOK Q4 20 -1.9% 7.2 Q1 21 7.7 Q2 21 7.8 Q3 21 • EBITDA decline in the quarter due to higher content costs and higher OPEX (incl. pension phasing) • EBITDA growth YTD of +0.8% Adjusted EBITDA bridge Like for like growth -1.9% ľ Q3 20 SWE FIN NOR DEN LIT EST TVM Other Q3 21 • Finland impacted by revenue decline and higher OPEX • TV & Media impacted by sport rights and higher production activity 2021: Flat to low single digit growth in stable fx excl. Telia Carrier (2020 base SEK 29.8bn) 2021-2023: Low to mid single digit growth in stable fx excl. Telia Carrier

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