Kinnevik Results Presentation Deck

Intro Categories KINNEVIK IN SUMMARY • Value-Based Care • Virtual Care • Platforms & Marketplaces • Software • Consumer Finance (52)% One Year Value-Based Care Virtual Care Platforms & Marketplaces -1% Software Consumer Finance Net Asset Value Note: For more information about the categories see Note 4 on pages 29-33. TMT Total Portfolio Annualised Total Shareholder Return 6% KINNEVIK Fair Value Five Years 5% 8 886 2 757 Five Year Annualised IRR per Category 12% 6 306 8 789 2.838 14% 13% Note: The annualised total shareholder return includes reinvested dividends. Interim Report Q3 2022 Ten Years Return 3.6x 2.5x 1.1x 3.6x 1.2x 62% 60% Portfolio Overview 67% Average Holding Period 2.7 Years 2.8 Years 3.2 Years 3.9 Years 5.0 Years 15% Thirty Years 3,153 (7,043) Sustainability Q1-Q3 2022 2021 Revenue Growth +145-165% Investment Activity (SEKm) +125-145% +40-60%/ +140-160% +130-150% +30-50% (3,890) 2021 Gross Margin Investments Divestments 5-15% 50-70% 30-40% / 60-80% 27% Net Investments 60-80% 50-70% 1,021 Financial Statements NTM EV/Revenue 0 3-4x 1.0-2.0x/4.5-5.5x 5.5-7.5× Q3 2022 10-20x 5-7x Net Cash to Portfolio Value 1,021 Other Composition of Portfolio Value Tele2 29% Emerging Markets 3% Early Bets & New Themes 4% Platforms & Marketplaces 14% 75.8 72.4 Value-Based Care 19% NAV Development (SEKbn) Virtual Care 6% Consumer Finance 6% 67.9 61.1 Software 19% 58.0 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 6

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