Telia Company Results Presentation Deck

NET DEBT AND LEVERAGE 17 2.32x 69.2 Q2 21 Net debt and leverage development Reported currency, SEK billion and leverage ratio -6.7 Opera- tions -2.8 3.2 0.6 2.24× = Leverage ratio (multiple, rolling 12 months) 66.4 Cash Other Q3 21 CAPEX -7.4 1.99x 59.0 Tower Q3 21 proceeds proforma • Net debt and leverage down driven by operations • Proforma leverage Q3 of 1.99x (including tower proceeds) • Dividend of SEK 4.1 billion to be paid Q4 Net debt/ adjusted EBITDA in the range of 2.0-2.5x

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