Oatly Results Presentation Deck

Sales volume (¹) (USD in millions) % Year-over-year growth Constant currency revenue growth (5) Reported revenue growth 17 $34 ASIA: RESILIENT PERFORMANCE IN A COVID-19 CONSTRAINED ENVIRONMENT CONTINUING TO ADAPT IN A COVID-19 IMPACTED ENVIRONMENT, EXPANDING PRESENCE ACROSS RETAIL AND ECOMMERCE (OTHER) 3Q 2021 NET SALES +38% +23% +16% 23 $42 (5) $40 3Q 2022 10'22 14% 10% 75% Foodservice (3) Ret 30% 20'22 11% 58% Other (4) Notes: 1. Million litres of finished goods. 2. The headwind to revenue from foreign exchange impact was $2.1 million. 3. Foodservice includes Coffee & Tea shops. 4. Other is mainly e-Commerce. 5. Constant currency revenue is a non-IFRS measure. Please see appendix for a reconciliation to revenue, the nearest IFRS measure. The constant currency measure is calculated by translating the current year reported revenue amounts into comparable amounts using the prior year reporting period's average foreign currency exchange rates, which have been provided by a third-party foreign exchange service provider (EUR:USD = 0.848; GBP:USD = 0.726; SEK:USD = 8.649; RMB:USD = 6.468). See appendix for reconciliation of foreign exchange rates. 30'22 24% 13% 63% Q3'22 EARNINGS PRESENTATION 15

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