Financial Report January – March 2022

Stockholm, Sweden, April 22, 2022(NYSE: ALV and SSE: ALIV.sdb) Q1 2022: Extraordinary times, extraordinary measures Financial highlights Q1 2022$2,124m net sales5.3% net sales decline1.0% organic sales decline*6.3% operating margin3.2% adjusted operating margin*$0.94 EPS - a decrease of $0.85$0.45 adjusted EPS* - a decrease of $1.34 Full year 2022 indicationsAround 12%-17% organic sales growthAround 3% negative FX effect on net salesAround 5.5-7.0% adjusted operating marginAround $750-850 million operating cash flow Key business developments in the first