Oatly Results Presentation Deck

AMERICAS: FASTEST TURNING NATIONAL BRAND IN THE ENTIRE U.S. MILK CATEGORY WITH SIGNIFICANT DISTRIBUTION UPSIDE #1 VELOCITY BRAND IN RETAIL DAIRY & PLANT-BASED MILKS (1) (USD/Store/Item/week) (2) $84 Oatly Source: Nielsen IQ Notes: Continued QoQ growth of category-leading velocity $56 $20 Largest Dairy Largest PBM Milk Brand Brand SIGNIFICANT DISTRIBUTION UPSIDE IN RETAIL CHANNEL (Brand-level ACV %) (3) A 54 p.p. 34% Oatly 88% Largest PBM Brand by value sales, last 52 weeks 1. By market share of the oatmilk category in terms of retail sales value for the U.S. over the last 13 weeks ending March 26, 2022. Does not represent velocity position in each of the retailers listed. 2. Data represents $ / Item / Store Selling / Week for the 13 weeks ending March 26, 2022. Includes brands with over 15% ACV. Excludes private label. 3. Largest PBM brand represents the brand with the largest absolute value sales for the last 52 weeks ending the aforementioned period. 4. Data represents stores selling for the 13 weeks ending March 26, 2022. EXPANDING THE CONVERSION UNIVERSE WITH FROZEN NOVELTY BARS LAUNCH 30-3 x3 Frozen Novelties building distribution with 2,500+ retail locations confirmed in first six months post-launch Brah dispod OAT LY! vanilla Giant 100 imodoRROR OAT LY! Wegmans O TARGET Hannaford chocolate fudge STOP& SHOP. ADRE T MOD ON MON OAT OAT LY! LY! strawberry salted caramel imodoN MON T it's Walmart freshdirect Harris Teeter Neighborhood Food & Pharmacy Albertsons High Lowes Raley's Gelson's EARTH Key Food Schnucks FARE. QUALITY GUARANTEED HEALTHY FOOD FOREVERYONE Q1'22 EARNINGS PRESENTATION 14

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