On the one hand, the cyclist became visible in the footage at a very late stage. If that is how the drivers eye saw it they would have very little time to react, however they may have been able to do a sharp swerve. On the other, the operator was clearly distracted regardless of if they would have been able to avoid this.
As someone that enjoys racing cars and other types of high performance driving I feel like I can pretty confidently say this isn't even remotely a realistic statement.
You're grossly overestimating human response times. Even if we're ignoring response time and imagining the driver instantly turning the steering wheel, large SUVs like the XC90 simply can't generate the lateral acceleration required to move the vehicle clear of the pedestrian in the time and space shown in that video.