Slide 1: Presentation of Kinnevik's Q2 2023
Slide 2: Today's Presenters
Q2 2023 Today’s Presenters 1 Key Events of the Quarter Georgi Ganev Chief Executive Officer 2 Accreting Ownership in Our Winners Samuel Sjöström Chief Financial Officer 3 Progress on Our 2030 Portfolio Climate Target Torun Litzén Director Corporate Communications 4 Valuations & Growth 5 Tracking Aga
Slide 3: Key Events of the Quarter
KEY EVENTS OF THE QUARTER ACCRETING OWNERSHIP IN OUR WINNERS PROGRESS ON OUR 2030 PORTFOLIO CLIMATE TARGET
Slide 4: We continued to execute on our 2023 priorities in Q2
WE CONTINUED TO EXECUTE ON OUR 2023 PRIORITIES IN Q2, ACCRETING OWNERSHIP IN SPRING HEALTH AND TRAVELPERK Key Events of The Quarter Q2 2023 NAV of SEK 54.0bn or 192 per share, down 3% in Q2 2023 and 12% over the Net Asset Value last twelve months. Unlisted investments up SEK 2.5bn in the quarter thr
Slide 5: We deployed SEK 1.9bn in follow-ons in Q2
WE DEPLOYED SEK 1.9BN IN FOLLOW-ONS IN Q2 EXECUTING ON OUR MAIN 2023 PRIORITY TO INCREASE THE IMPACT OF OUR HIGH-CONVICTION BUSINESSES Increasing Our Exposure To Portfolio Winners Supporting & Maximizing Impact of High-Conviction Businesses ▪ Main strategic priority in 2023 is to use the market cond
Slide 6: 2023 investments more skewed towards follow-ons in winners
WITH OUR RECENT SUCCESSES WE EXPECT OUR 2023 INVESTMENTS TO BE MORE SKEWED TOWARDS FOLLOW-ONS IN THE WINNERS OF OUR PORTFOLIO Capital Reallocation 2023 Expectations ▪ Significant strides in the quarter, including the Type of Follow-On Investment investment into Spring Health, mean we now envisage tw
Slide 7: Portfolio companies decreased emissions intensity by 14 percent in 2022
OUR PORTFOLIO COMPANIES DECREASED THEIR EMISSIONS INTENSITY BY 14 PERCENT YEAR-OVER-YEAR IN 2022 Tracking Ahead of Our 2030 Climate Target Target Fulfilment, Fair Value Weighted 2021 2022 Target Y/Y Intensity (11)% (14)% (7)% Decrease Annual Average Intensity Decrease (11)% (12)% (7)% Our Climate St
Slide 8: Valuations & Growth
VALUATIONS & GROWTH
Slide 9: Investments of SEK 2.1bn increase value of unlisted portfolio to SEK 32.5bn
INVESTMENTS OF SEK 2.1BN AND A SEK 0.5BN VALUE REASSESSMENT INCREASES THE VALUE OF OUR UNLISTED PORTFOLIO TO SEK 32.5BN Q2 2023 Valuations Drivers & Parameters ▪ Underlying valuation reassessment of our unlisted assets of (2)% Value Drivers translates into a fair value write-up of SEK 0.5bn or +1% U
Slide 10: Private portfolio grows more than three times faster than public benchmarks
OUR PRIVATE PORTFOLIO CONTINUES TO GROW MORE THAN THREE TIMES FASTER THAN ITS PUBLIC MARKET BENCHMARKS Growth 2023 Expectations ▪ Average top-line growth in our private portfolio remains at a Value-Weighted Growth Rates >3x faster pace than public benchmarks in 2023 Private Portfolio , Public Comps
Slide 11: Net asset value was down 3% in Q2 2023
IN TOTAL, NET ASSET VALUE WAS DOWN 3% IN Q2 2023 Net Asset Value Development in Q2 2023 ● Private Growth, ● Public Growth, ● Tele2, ● Net Cash / (Debt), SEKbn 55.5 +2.5 +0.3 (0.5) (1.9) 54.0 (1.7) 10.5 8.8 12.3 14.2 1.4 1.6 32.5 29.9 Q1 2023 Private Recursion Babylon & GFG Tele2 Change Q2 2023 Growt
Slide 12: Tracking Against Our Priorities
TRACKING AGAINST OUR PRIORITIES
Slide 13: Tracking against our 2023 priorities and expectations
WE ARE TRACKING AGAINST OUR 2023 PRIORITIES AND EXPECTATIONS OUR 2023 OUR 2023 PRIORITIES EXPECTATIONS Maintain our momentum of Continued disciplined capital allocation SEK 5bn in annual investments Support and maximize the impact of Investments split roughly 50/50 our highest-conviction investments
Slide 14: Q&A
Q&A
Slide 15: We invest for a reimagined everyday
—— ; A rae WE INVEST FOR A REIMAGINED EVERYDAY == ~ 7525 rs b 7 ae