Telia Company Results Presentation Deck

OPEX 12 OPEX bridge Like for like growth - - Q2 21 Resources -1.6% Marketing Other Resource cost reduced by SEK 173m Marketing remained stable due to efficiency initiatives IT reduction offset by SEK 100m higher energy costs Q2 22 OPEX development In SEK billion, 2020 average FX rates, excl Telia Carrier, R12 25.6 24.4 Q4 20 Q1 21 Q2 21 OPEX R12 -0.6 Q3 21 Q4 21 Q1 22 OPEX R12 excl energy 25.0 AMBITION OPEX 2021-2025: OPEX excluding energy to decline by at least SEK 2bn until 2023 and by SEK 4bn until 2025 (updated) 23.5 Q2 22 OPEX reduction to date of SEK 0.6bn driven by lower resource and IT costs partly offset by higher energy expenses Excluding energy OPEX declined SEK 0.9bn to date

View entire presentation