Telia Company Results Presentation Deck

OPERATIONAL FREE CASH FLOW OUTLOOK 2020 22 OPERATIONAL FREE CASH FLOW 2020 Å SEK 10.5-11.5 BILLION • EBITDA, cash CAPEX and NWC expected to be rather neutral ● • Other items to reduce operational free cash flow driven by ● • Paid taxes and interest to increase by c. SEK 1 billion. • Less support from the pension refund.

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