Oatly Results Presentation Deck

IN THE UK, "GO BLUE" NEW PRODUCT PORTFOLIO IS PERFORMING VERY WELL RANK AMONG AMBIENT PLANT-BASED MILKS IN UK [RANK BASED ON UNITS/STORE/WEEK] JULY EMEA CONTINUES MAKING PROGRESS EXPANDING USAGE OCCASIONS BEYOND COFFEE SEPTEMBER CHANGE THE ORIGINAL OAT- LY! WHOLE DAT DRINK Totally vegare 12 8 +4 THE ORIGINAL LY! AT- Totally reare 1L SEMI OAT DRINK 22 9 +13 THE ORIGINAL OAT LY! "NO" SUGARS IL OAT DRINK To 46 40 +6 THE ORIGINAL LY! LIGHT DAT DRINK 81 76 Tobally Vegard +5 Source: IRI, 12 weeks ended 7/15/23 and 9/9/23, CWD Wtd Unit Rate of Sale, UK Major Multiples 1L GERMANY'S ROLLOUT OF GO BLUE NEW PRODUCT PORTFOLIO IS PROGRESSING WELL TOTAL NET GO BLUE VOLUME¹ % YOY GROWTH IN 30 +24% % OF TOTAL GERMANY VOLUME 6.7% 3Q22 +40bps (1) Includes Original/Enriched, Full Fat/Deluxe, Low Fat/Skinny, Semi Fat, and No Sugar SKUs 7.1% 3Q23 11

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