Kinnevik Results Presentation Deck

KINNEVIK CONTINUES TO DOUBLE DOWN IN ITS HEALTHCARE PORTFOLIO THROUGH FOLLOW-ON INVESTMENTS IN CEDAR AND VILLAGEMD ■ cedar Building Our Healthcare Portfolio Two Follow-On Investments Transforming the Patient Financial Experience in the US USD 8m invested in Cedar's Series C funding round dar provides a smarter way for hospitals, health systems and medical groups to manage the patient payment ecosystem The round totalled USD 102m and Cedar will use the funding to invest in scaling the company further and accelerating product innovation and roll-out across the pre-visit and post-visit space, as it executes against its ambition to become the leading comprehensive healthcare consumer engagement platform Based on the transaction and Cedar's performance over the last months, the value of our investment in Cedar, excluding the new investment of USD 8m, has been written up by SEK 348m, or 166%, from last quarter VillageMD #1 Independent Primary Care Provider in the US USD 25m invested in Village MD's funding round ► Village MD is a leading national provider of primary care in the US ■ The round, which was completed in July and thus after the reporting period, totalled USD 275m and was led by the company's existing investor Walgreens Boots Alliance, which has committed to invest USD 1bn into VillageMD over the next three years to finance a deepened partnership with the company Because of the partnership and its impact on the future outlook for VillageMD, the value of our investment in the company, excluding the new investment of USD 25m, has been written up by SEK 1.4bn, or 163%, from last quarter We will continue to support our high-performing companies as they continue to grow and require additional capital 7 KINNEVIK

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