Kinnevik Results Presentation Deck

Intro NET ASSET VALUE TELE2, FINANCIAL POSITION & TOTALITY SEKM Tele2 Total Portfolio Value Gross Cash Gross Debt Net Cash / (Debt) Other Net Assets/(Liabilities) Total Net Asset Value Net Asset Value Per Share, SEK Closing Price, Class B Share, SEK Note: Growth Portfolio 30.0 Invested Capital Net Asset Value KINNEVIK SEKbn 40.1 8.6 31.5 Fair Value & Released Capital Vintage Interim Report - Q1 2023 1993 Portfolio Overview Tele2 31% Ownership tAssets/(Liabilities) include the reservation from Q4 2020 regarding a potential capital gains tax liability of SEK 0.8bn relating to the merger between Teladoc and Livongo, based on the rules for accounting for uncertain tax positions in IFRIC 23. 20% 4% Listed Growth Value Q1 2023 141 Unlisted Growth 65% 45 737 14 242 - 3 736 10 506 - 783 55 460 198.02 154.55 Sustainability Composition of Portfolio Value At Quarter-End Tele2 31% 2016-22 Investments 67% Financial Statements 2% Pre 2016 Investments Other Value Q4 2022 11 752 43 385 14 134 - 3 747 10 387 - 866 52 906 188.90 143.50 Value Q1 2022 26 63 595 8 595 - 3618 4 977 - 713 67 859 243.50 247.05 OUR FAIR VALUE ASSESSMENTS In assessing the fair value of our unlisted investments, we adhere to IFRS 13 and the International Private Equity and Venture Capital Valuation Guidelines. In Note 4 (pages 27-34), we outline the central parameters and drivers of our fair value assessment per NAV category. MORE → 9

View entire presentation