Oatly Results Presentation Deck

28% REVENUE SPLIT BY REGION-Q1 2022 17% 34% Notes: 1. Includes Coffee & Tea shops. 2. Mainly e-Commerce. 3. As of March 31, 2022. 54% EMEA REVENUE SPLIT BY CHANNEL -01 2022 3% 63% Americas Asia KEY STATS Food retail Foodservice (1) Other (2) $669MM LTM Q1 2022 Revenue 9 Planned Production Facilities by 2023 88,500+ Approx. Retail Doors (3) 7 Product Categories 4. Estimated global dairy industry retail sales in 2021 based on Euromonitor data. 5. Calculated based on 2018 revenue of $118MM. Revenue for the year ended December 31, 2018 are management's estimates that were derived from our audited Swedish consolidated annual report in accordance with generally accepted accounting principles in Sweden. The amounts presented were converted to U.S. dollars and adjusted for comparability with IFRS, and these adjustments have not been audited or reviewed. The estimates may differ from the amounts that would have been presented if our results of operations for the year ended December 31, 2018 had been prepared in accordance with IFRS. Revenue for the years ended December 31, 2019 and 2020 were prepared in accordance with IFRS and have been audited. +71% 2018-LTM Q1'22 Revenue Growth CAGR (5) COMMERCIAL SUCCESS in 25+ markets 90,500+ Approx. Foodservice locations (3) ~$628BN Total Addressable Market Nearing the Tipping Point of Adoption (4) Q1'22 EARNINGS PRESENTATION 5

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