Peter Nyquist - VP & Head, IR Conference Call Participants Company Participants Carl Mellander - SVP, CFO and Head, Group Function Finance & Common Functions Joachim Gunell - DnB Daniel Djurberg - Handelsbanken Janardan Menon - Jefferies Peter Nyquist As usual, we will end the presentation with a Q&A session. And in order to ask those questions, you need to join the conference by telephone. Details can be found at today's press release or at our website, ericsson.com/investors. Please be advised that today' ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 October 17, 2023 LM ERICSSON TELEPHONE COMPANY (Translation of registrant's name into English) Torshamnsgatan 21, Kista SE-164 83, Stockholm, Sweden (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ ...

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| --- | --- | --- | --- | --- | --- | --- | --- | |----------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | Ericsson | | | | | | | | | Second quarter | | | | | | | | | 2023 | | | | | | | | | July 14, 2023 | | | | | | | | © Telefonaktiebolaget LM Ericsson 2023 | Second quarter report 2023 | July 14, 2023 © Telefonaktiebolaget LM Ericsson 2023 | Second quarter report 2023 | July 14, 2023 ●Executing with discipline and focus –5G IPR licensing agreement signed, validating ou ...

Financial Data and Key Metrics - Overall sales declined by 9% organically, with Networks sales partially offset by 20% organic growth in Enterprise and 10% growth in Cloud Software and Services [67] - EBITA margin, excluding restructuring charges, was 5.7%, with a year-over-year decline primarily due to lower gross income from Networks and increased investments in Enterprise [113] - Gross margin, excluding restructuring, declined by 390 basis points year-over-year to 38.3%, driven by lower sales and gross margin in Networks [109] - IPR revenue increased by SEK 1.7 billion year-over-year to SEK 3.2 billion, supported by new licensing contracts [110] - Free cash flow before M&A was negative SEK 5 billion, impacted by lower EBIT and increased working capital [116] Business Line Performance - Networks gross margin was over 39% despite a significant mix shift, with India's strong growth offsetting declines in North America [68] - Cloud Software and Services grew 10% in North America, driven by 5G, and is on track to reach at least breakeven for the full year 2023 [69] - Enterprise Wireless Solutions saw strong growth, with a positive EBITA in Global Communications Platform and 19% growth in Vonage's communication APIs [69] - Dedicated Networks are still in early stages outside of China, with significant growth potential as use cases develop [79] Market Performance - India's Network sales doubled year-over-year, contributing to a 71% organic growth in the South East Asia, Oceania, and India market area [133] - North America saw a 42% year-over-year decline in sales due to lower CapEx spend and inventory adjustments [104] - Europe and Latin America recorded a 3% decline overall, with a 6% decline in Europe offset by 3% growth in Latin America, driven by 5G deployments in Brazil [105] Strategy and Industry Competition - The company's strategy focuses on three priorities: bolstering leadership in mobile networks, growing the Enterprise business, and driving cultural transformation [4] - The company is leveraging its expertise in advanced cellular networks to expand into the enterprise market, increasing its addressable market and diversifying its portfolio [5] - The company is developing new ways to monetize 5G's unique features, such as speed and latency, to differentiate offerings and create new use cases [6] - The company is intensifying cost-out initiatives, aiming for a run rate saving of at least SEK 11 billion by the end of 2023, with 45% related to OpEx [24] Management Commentary on Operating Environment and Future Outlook - The company expects a gradual recovery in the market towards the end of 2023, with improvements in 2024, driven by data traffic growth and the need for network capacity [50] - The company is confident in the recovery of the mobile network market and remains focused on reaching the lower end of the 15% to 18% EBITA margin target in 2024 [50] - The company sees significant opportunities in the enterprise market, particularly with network APIs, which are expected to drive new monetization and upgrade cycles [122] Other Important Information - The company paid a dividend of SEK 4.6 billion in the quarter and ended with a net cash position of SEK 1.9 billion [108] - Restructuring charges amounted to SEK 3.1 billion in the quarter, with total restructuring costs estimated at SEK 7 billion for the full year [114] - The company expects Q3 EBITA margin to be in line with or slightly better than Q2, with a seasonally stronger fourth quarter [48] Q&A Session Summary Question: Inventory adjustments and market recovery [66] - Inventory adjustments are expected to continue into Q3 but will flatten out towards the latter part of the year, supporting a stronger second half [12][13] Question: Mid-band upgrades and market recovery [14] - The company expects mid-band upgrades to happen quickly, driven by deteriorating network performance and customer demand, though exact timing is uncertain [15] Question: North America market recovery [16] - The company anticipated the slowdown in North America and has taken cost actions to prepare for the market conditions, expecting a recovery in the second half of the year [16][17] Question: Enterprise growth and pipeline [76] - Enterprise Wireless Solutions continues to grow, with a strong pipeline of products and early-stage development in Dedicated Networks outside of China [77][79] Question: Network gross margins in India [87] - Gross margins in India are expected to improve over time as projects progress, with initial low margins due to large service content in rollout projects [87] Question: IPR revenue run rate [88] - IPR revenue is expected to be between SEK 2.5 billion and SEK 2.8 billion in Q3, with substantial growth into 2024 driven by new contracts [92] Question: Market recovery and firm orders [99] - The company expects a recovery in Q4, driven by the need for network capacity and quality, though exact timing depends on customer decisions [99][100] Question: Factors driving market recovery [126] - Data traffic growth, energy efficiency, and new applications like XR and VR are expected to drive long-term market recovery [127][128] Question: Q4 seasonality and margin factors [130] - Q4 is expected to be seasonally strong, with normal seasonality in Q3 and a mix effect in Q4, though the exact impact depends on customer spending patterns [130]

Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 July 14, 2023 Commission File Number 000-12033 LM ERICSSON TELEPHONE COMPANY (Translation of registrant's name into English) Torshamnsgatan 21, Kista SE-164 83, Stockholm, Sweden (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form ...

| 2023-05-29 | Ericsson Internal | Page 1 Welcome Environmental and Social | --- | --- | --- | |------------------------------------------------------------------------------------------------|----------------------------------------------|---------------------------------------| | Ericsson purpose and vision | \| Ericsson business strategy | | | | | | | Sustainability and Corporate Responsibility programs and practices embedded across the company | | | | Strategic focus areas | Value chain and societal imp ...

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Quarterly Sustainability and Responsible Business Update Call May 30, 2023 9:00 AM ET Company Participants Peter Nyquist - Head of Investor Relations Heather Johnsson - Head of Sustainability and Corporate Responsibility Jan Sprafke - Acting Chief Compliance Officer Conference Call Participants Aurora Samuelsson - Handelsbanken Peter Kurt Nielsen - ABG Operator Hello, and welcome everybody to today's briefing session for investors and financial analysts o ...

Börje Ekholm - President and CEO Andrew Gardiner - Citi Andreas Joelsson - Danske Peter Nyquist Before handing over to Börje and Carl, I would like to say the following. During today's presentation, we will be making forward-looking statements. These statements are based on our current expectations and certain planning assumptions, which are subject to risks and uncertainties that actual results may differ materially due to factors mentioned in today's press release and discussed in this conference call. We ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...