Q2'21 Earnings Presentation

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

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