Investor Presentaiton

CONSOLIDATED FINANCIAL STATEMENTS | CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CASH FLOWS Reconciliation of operating income to cash flow from operations before financing items and taxes MEUR Jan 1-Dec 31, 2021 Jan 1-Dec 31, 2020 MEUR Operating income Cash receipts from customers Cash paid to suppliers and employees 10,440.4 -8,611.7 10,057.2 -8,149.7 Change in working capital before financing items and taxes Depreciation and amortization Jan 1-Dec 31, 2021 1,295.3 289.4 Jan 1-Dec 31, 2020 1,212.9 455.6 244.0 239.0 Cash flow from operations before financing items and taxes 1,828.7 1,907.5 Cash flow from operations before financing items and taxes 1,828.7 1,907.5 Interest received 38.4 30.6 Interest paid Dividends received and capital repayments Other financing items -11.6 -19.0 Change in interest-bearing net debt 5.7 51.8 8.0 -43.7 MEUR Income taxes paid -328.3 -333.2 Cash flow from operating activities 1,584.8 1,550.2 Capital expenditure Proceeds from sales of fixed assets Acquisitions, net of cash Proceeds from sales of subsidiary shares Cash flow from investing activities Cash flow after investing activities 1,478.8 1,440.4 Change in deposits and loan receivables, net -151.7 -606.1 Change of current creditors -278.1 -130.2 Change in long-term liabilities 181.1 -3.9 Purchase of own shares Profit distribution Changes in non-controlling interests -45.8 -1,166.3 -880.5 -1.2 -3.8 -1,462.0 -1,624.5 -96.5 10.8 -88.0 5.1 Interest-bearing net debt at beginning of period Interest-bearing net debt at end of period Change in interest-bearing net debt -210.2 Jan 1-Dec 31, 2021 Jan 1-Dec 31, 2020 -1,953.8 -2,164.1 -1,552.9 -1,953.8 -401.0 -34.5 -26.9 14.2 -106.0 -109.8 Cash flow from financing activities Change in cash and cash equivalents Cash and cash equivalents at beginning of period Translation differences Cash and cash equivalents at end of period 16.8 -184.1 457.9 662.4 15.6 -20.4 490.4 457.9 The impact of changes in exchange rates has been eliminated in the statement of cash flows by translating the opening balance sheet with the closing rates of the period. 39 KONE ANNUAL REVIEW 2021

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