Oatly Results Presentation Deck

FOCUS ON CORE SKUS SKU COUNT IN GREATER CHINA 127 June ASIA TEAM HAS MOVED QUICKLY TO EXECUTE ITS RESET PLAN (73)% a/a 34 September FOCUS ON CORE CHANNELS REVENUE MIX BY CHANNEL Foodservice Retail Other 24% 19% 57% 2Q23 +1100 BPS a/a 22% 11% 68% 3Q23 INCREASED EFFICIENCY COGS PER LITER (INCLUDES ONE-OFF RESET COSTS) 3Q22 (16)% Y/Y 2Q23 (8)% a/a 3Q23 21

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