Oatly Results Presentation Deck

EMERGING OAT DOMINANCE THE OAT CATEGORY IS RAPIDLY GAINING MARKET SHARE AND SURPASSING OTHER CROP CATEGORIES % of total plant-based milk retail market (¹) SWEDEN 80% 60% 40% 20% Inherent sustainable characteristics 0% Jan '18 YOY Growth (2) OAT: 19% July 21 DA: 15% Oat 76% 10% 9% 45% 1. Market shares by retail sales value, represent rolling four weeks period. 2. Year over year growth of 52-week periods. 40% 35% 30% 25% 20% 15% 10% 5% 0% Flexible within the supply chain UNITED KINGDOM Oat surpassed almond and soy Jan '18 Source: Nielsen, IRI. Notes: Sweden Nielsen data as of week 28, 2021. U.K. IRI data as of July 17, 2021, Germany Nielsen data as week 26 2021 and U.S. Nielsen data as of July 17, 2021. OAT: 59% Oat I I July 21 DA: 20% Soy Oat 43% 23% 21% THE ORIGINAL 60% 50% 40% 30% 20% 10% 0% Widely accessible to a range of eaters Almond ●ATLY! Jan '18 Oat GERMANY Oat surpassed almond I Oat surpassed soy OAT: 62% DA: 36% Dairy Alternatives Oat 56% July '21 17% 16% 70% 60% 50% 40% 30% 20% 10% 0% Jan '18 Nutritional advantages UNITED STATES OAT: 94% Oat surpassed I soy DA: 10% July 21 Q2'21 EARNINGS PRESENTATION 63% Oat 18% 7% 10

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