Kinnevik Results Presentation Deck

Intro CHANGE IN FAIR VALUE OF FINANCIAL ASSETS (SEKM) Babylon Global Fashion Group Recursion Teladoc Tele2 Total Listed Holdings Betterment Cedar Cityblock HungryPanda Instabee Jobandtalent Lunar Mathem Mews Monese Oda Omio Omnipresent Parsley Health Pleo Quit Genius Spring Health Net Asset Value KINNEVIK Interim Report Q1 2023 Portfolio Overview Q1 2023 - 84 - 146 - 85 113 2 436 2 234 -7 28 311 10 - 252 15 - 2 - 128 6 - 249 - 192 3 9 71 - 43 -2 227 Q1 2022 - 908 - 2 209 -688 2 495 - 1310 - 191 - 241 - 672 - 62 7 63 - 555 - 15 - 105 11 -9 6 - 551 8 27 FY 2022 - 2 862 - 2 607 - 229 - 2 255 - 6 460 - 14 414 - 148 - 863 - 1 249 - 131 312 83 - 544 - 1 218 9 298 - 1 355 277 1 - 41 - 2 532 30 137 Sustainability Sure Transcarent TravelPerk Village MD Vivino Early Bets & New Themes Emerging Markets & Other Total Unlisted Holdings Other Contractual Rights Total Financial Statements SENSITIVITY ANALYSIS AGAINST MULTIPLES Fair Value (SEKm) Change in Multiple Village MD Pleo Cityblock Total Effect -20% 4 008 2 675 2 496 9 179 - 2 340 -10% 4 560 2 992 2 799 Other 10 351 - 1 168 Q1 2023 3 3 1 506 61 93 -1 332 -7 2 559 325 Actual 5112 Q1 2022 - 22 856 whereof unrealized gains/losses for assets in Level 3 - 3 278 - 8 442 Change in unrealized gains or losses for assets in Level 3 for the period are recognised in the Income State- ment as change in fair value of financial assets. 3 309 3 098 11 519 13 14 49 - 385 15 - 203 - 413 - 3 212 - 67 - 4 589 +10% FY 2022 5 663 3 626 3 397 12 686 1 167 68 79 242 - 52 77 - 694 - 1 031 - 8 247 - 195 +20% 6 215 3 943 3696 13 854 2 335 In addition to sensitivities of our three largest unlisted businesses above, for all companies valued using mul- tiples, an increase in the multiple by 10 percent would have increased the assessed fair value by SEK 2,191m. Similarly, a decrease in multiple by 10 percent would have decreased the assessed fair value by SEK 2,120m. 35

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