Q1 2022 Financial Results

Cash Flow Cash Flow Cash flow from operating activities Operating profit Operational items not affecting cash flow: Depreciation and amortisation.... Gain on sale of fixed assets......... Q1 2022 Q1 2021 574 504 753 770 (4) 1.323 1.273 (1) Balance sheet and cash flow Míla's assets are classified as asset held for sale in the balance sheet Inventories increase between periods ⚫ Temporarily high inventory of CPE's (Routers and set-top- boxes). • Close to ISK 300 million increase in TV content inventory. • Cash and cash equivalents increase significantly YoY due to changed capital structure Share buyback increase by ISK 200 million. Low CAPEX in Q1 this year - will increase in Q2 • Partly due to discounts in previous periods. ⚫ The broadcasting right for the English Premier League was partly paid in Q1 2021 - no payment this year. ⚫ Síminn's long-term loans are without installments Changes in current assets and liabilitites...... 313 1.234 Cash generated by operation 1.636 2.507 Net interest expenses paid during the period.. Payments of taxes during the period......... (25) (115) (139) (220) Net cash from operating activities 1.472 2.172 Investing activities Net investment in property, plant and equipments.. Other investment......... (255) 7.007 33 (95) Sale of subsidiary and discontinued operation....... 0 (8.394) Investing activities (222) (1.482) Financing activities Purchase of own shares.... Payment of long term lease. (930) (749) (46) (43) Net Financing activities.......... (18) 71 Financing activities (994) (721) Increase (decrease) in cash and cash equivalents Translation effects on cash....... 256 (31) (6) Cash and cash equivalents at the beginning of the year... 3.509 (7) 735 Cash and cash equivalents at the end of the period...... 3.759 697

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