Oatly Results Presentation Deck

Ε.Μ.Ε.Α Americas Asia Total 40 2022 REVENUE BRIDGE Volume 12% 0% 22% 10% % Year-over-year growth Constant Currency (¹) Price / Mix 4% 16% (15%) 4% 1 Constant Currency (¹) Growth 15% 16% 8% 14% FX Impact (14%) 0% (10%) (9%) (1) 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. See appendix for reconciliation of foreign exchange rates. Revenue Growth 1% 16% (2%) 5% Q4'22 EARNINGS PRESENTATION 20

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