Oatly Results Presentation Deck
RECONCILIATION OF NON-IFRS FINANCIAL MEASURES
Revenue, Adjusted EBITDA and
EBITDA
Three months ended September 30, 2023
(in thousands of U.S. dollars)
Revenue
Revenue from external customers
Intersegment revenue
Total segment revenue
Adjusted EBITDA
Share-based compensation expense
Restructuring costs (1)
Legal settlement (2)
Non-controlling interests
EBITDA
Finance income and (expenses), net
Depreciation and amortization
Profit before tax
Three months ended September 30, 2022
(in thousands of U.S. dollars)
Revenue
Revenue from external customers
Intersegment revenue
Total segment revenue
Adjusted EBITDA
Share-based compensation expense
Restructuring costs(1)
EBITDA
Finance income and (expenses), net
Depreciation and amortization
Loss before tax
EMEA
101,762
312
102,074
12,326
(478)
11,848
EMEA
82,567
6,236
88,803
(11,491)
(175)
(11,666)
Americas
58,491
58,491
(6,634)
(950)
112
(7,472)
Americas
60,702
7
60,709
(16,577)
(1,312)
(17,889)
Asia
27,342
2,329
29,671
(17,934)
(1,249)
(2,321)
(74)
(21,578)
Asia
39,757
935
40,692
(28,447)
(1,855)
(30,302)
Corporate* Eliminations**
(23,756)
(3,613)
(968)
(9,250)
(37,587)
(2,641)
(2,641)
Corporate* Eliminations**
(26,188)
(5,161)
(1,005)
(32,354)
(7,178)
(7,178)
Corporate consists of general overhead costs not alloca to the segments.
** Eliminations in 2023 refer to intersegment revenue for sales of products from EMEA to Asia and from Asia to EMEA. Eliminations in 2022 primarily
refer to intersegment revenue for sales of products from EMEA to Asia.
(1) Relates primarily to severance payments as the Company continues to adjust its organizational structure to the macro environment, and inventory write-
offs related to the Company's strategy reset in the Asia segment.
(2) Relates to US securities class action litigation settlement expenses.
Total
187,595
187,595
(35,998)
(6,290)
(3,177)
(9,250)
(74)
(54,789)
112,841
(12,559)
45,493
Total
183,026
183,026
(82,703)
(8,503)
(1,005)
(92,211)
(7,491)
(12,157)
(111,859)
36View entire presentation