Veoneer: Financial Report October - December 2020 Financial Summary - Q4'20 Net Sales $455 million, Organic Sales 1 increase 17% Operating cash flow $(77) million, $27 million improvement YoY Cash balance $758 million Active Safety Organic Sales Currency translation impact is expected to be ~5% Operating loss is expected to improve in 2021 from 2020, Cash balance is expected to exceed $400 million at 2021 year-end Order intake in 2021 is expected to increase from 2020 Business Highlights and Mid-Term Targets Update Organic Sales out-performed the global LVP by ~15pp for the fourth quarter and ~1pp for the full year 2020 Veoneer and Qualcomm Technologies Inc. finalized an agreement in January 2021 where the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions