Kinnevik Results Presentation Deck

DURING 2022 WE EXPECT TO DEPLOY CAPITAL IN THE REGION OF SEK 5BN, IN LINE WITH THE AVERAGE FROM THE LAST THREE YEARS 2021 Ambitions 2021 2019-21 Investments Around SEK 6.0bn SEK 6.4bn SEK 13.3bn Capital Allocation New / Follow-Ons Overallocation into New Investments SEK 4.4bn into New Investments SEK 2.0bn into Follow-Ons SEK 7.2bn into New Investments SEK 6.1 bn into Follow-Ons Overview New Companies >7 10 17 1.8 Net Cash 2021 Q3 10.5 Gross Cash +0.6 Tele2 Dividend Net Cash Development Q3 to Q4, SEKbn (1.2) 2022-03 Divested +5.3 (1.5) Composition of Net Cash / (Debt) By Source, SEKbn 2025-02 Bonds (1.5) (2.4) 2026-11 Invested (0.5) 2028-11 Other 9 (0.5) Other 5.4 Net Cash 2021 Q4 5.4 Net Cash KINNEVIK

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