Telia Company Results Presentation Deck

Cash CAPEX 15 Cash CAPEX by type Reported currency, in SEK billions, excl. licenses and spectrum fees 3.1 Q3 21 5.2 Q4 21 Mobile NW OUTLOOK 3.0 Q1 22 Fixed NW 3.7 Q2 22 Prod dev/IT Q4 2021 is an outlier due to network modernization, 5G and transformation related activities 3.4 Q3 22 Other Cash CAPEX development Reported currency, in SEK billions, excl. licenses and spectrum fees, R12 15 14 13 12 - Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Cash CAPEX R12 of SEK 15.3bn or 17.0% of net sales Cash CAPEX R12 to decline in Q4 2022: Cash CAPEX, excluding fees for licenses and spectrum, to be in the range of SEK 14.0-15.0 billion 2023: Cash CAPEX, excluding fees for licenses and spectrum, to return to around 15% of net sales 15.3

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