Kinnevik Results Presentation Deck

Intro Categories KINNEVIK IN SUMMARY • Value-Based Care . Virtual Care • Platforms & Marketplaces • Software • Consumer Finance (9)% One Year Net Asset Value Value-Based Care Virtual Care Platforms & Marketplaces (12)% Software Consumer Finance Annualised Total Shareholder Return TMT Total Portfolio +3% KINNEVIK Fair Value Five Years 8 444 4 076 (1)% 5 478 8 875 Five Year Annualised IRR per Category 2 476 Note: The annualised total shareholder return includes reinvested dividends. Note: Financial metrics weighted by fair value as at 30 June 2023. For more information about the categories see Note 4 on pages 28-38. 7% 11% Interim Report Q2 2023 Return +10% Ten Years 3.2x 2.1x 0.8x 2.9x 1.0x 52% Portfolio Overview 53% 49% Average Holding Period 3.4 Years 1.8 Years 3.8 Years 4.4 Years 6.0 Years +15% Thirty Years 3,054 Investment Activity (SEKm) (1,030) H1 2023 Sustainability 2022 Revenue Growth 46% 240% 88% 145% 26% 2,024 Investments Divestments 2022 Gross Margin Net Investments 14% 50% 19% 46% 56% 46% 2,241 Financial Statements (10) NTM EV/Revenue 3.3x Q2 2023 8.2x 3.5x 12.7x 5.4x Net Cash to Portfolio Value 2,231 Other Composition of Portfolio Value Tele2 27% Emerging Markets 1% Early Bets & New Themes 9% Consumer Finance 5% 61.1 Value-Based Care 18% 58.0 Virtual Care 9% Platforms & Marketplaces 12% NAV Development (SEKbn) Software 19% 52.9 55.5 54.0 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 6

View entire presentation