Telia Company Results Presentation Deck

OPEX & CAPEX OPEX excl. energy Like for like growth Q1 22 Resources +1.3% Marketing Other Q1 23 Resource costs lower due to continued FTE/FTC reduction Other increased due to higher costs associated with IT and travel Cumulative reductions since 2021 is SEK 1.0bn driven mainly by lower resource and IT costs Cost transformation agenda remains but challenging to realize the full ambition given the current inflationary environment 15 CAPEX excl. licensees Reported currency, in SEK billions 3.3 Q1 22 ■Mobile NW 4.0 Q2 22 3.7 Q3 22 Fixed NW 5.0 Q4 22 Product & IT 3.7 Q1 23 Other Increase compared to Q1 last year driven by mobile network modernization and fiber roll-out in Sweden CAPEX to be gradually reduced YTG with biggest impact in H2 Outlook for the year of SEK 13-14bn confirmed

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