Telia Company Results Presentation Deck

Our strategy to create a "Better Telia" We reinvent better connected living through our... Digital connectivity Accelerating the connected lives of everyone Inspiring customers With brands and experiences that go beyond connectivity Most loyal customers Digital experiences Accelerating customer loyalty and revenue growth beyond connectivity Connecting everyone Through the most trusted, reliable and efficient modern networks As per the January 2021 strategy update by excelling at... Most engaged employees Transforming to digital To be simpler, faster, data driven and with lower cost so that we have the... Most satisfied shareholders Digital infrastructure Growing the digital infrastructure of the Nordic and Baltic region P Delivering sustainably Through an accountable and empowered organization Most empowered societies 17 ... For substantial value creation Inspire our customers REVENUE DEVELOPMENT 2021-2023 Low grown Low single digit service revenue growth Connect everyone CAPEX DEVELOPMENT 2021-2023 CAPE 2021- program hact to rigorous benchmarking INVESTOR INCREO JAIAT T Cash CAPEX to increase 2021 Return to 15% of net sales 2023 5 Transform to digital 2bn 1bn 3B N CAPEX OPEX reduction Trans- formation efficiency by 2023 by 2023 by 2023 OPEX 2bn OPEX reduction to 2025 CAPEX 5B N 1bn 4bn Trans- formation by 2025 SEK 2bn lower OPEX by 2023 SEK 4bn lower OPEX by 2025 Plus SEK 1bn CAPEX efficiency Deliver sustainably SERVICE REVENUES Low single digit growth in stable fx excl. Telia Carrier Adjusted EBITDA Low to mid single digit growth in stable fx excl. Telia Carrier CASH CAPEX Return to around 15% of net sales by 2023 (excl. Telia Carrier and license and spectrum fees) Low single digit serv. rev. growth Low to mid single digit adj. EBITDA growth

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