Oatly Results Presentation Deck

WHILE MANAGING THROUGH COVID-19, ASIA CONTINUED TO INVEST TO STRENGTHEN PLATFORM FOR FUTURE GROWTH ADJUSTED PROMOTIONS TO MANAGE INVENTORY Volume % Y/Y GROWTH Q4 Constant Currency Revenue Growth (¹) +22% FY22 Price / Mix (constant currency) (1) (15) % (6) % +8% +32% +26% CONTINUED TO SUPPORT THE BRAND AND CATEGORY AWARENESS ASIA MARKETING SPEND AS A % OF REVENUE Mid- teens Q1 Q2 Q3 >20% Q4 MARKETING CAMPAIGNS & IN-STORE DISPLAYS 我不一样的燕麦奶 106227 “燕麦奶 aman R 凤休闲食品Bests OBE AT-HISZIK 94000-68 mis Diy BARATON, 1 LY! INCREASED CUSTOMER BASE AS A PLATFORM FOR GROWTH INCREASED DOORS +150% YEAR-OVER-YEAR IN 2022 (1) Constant currency is a non-IFRS measure. See the appendix for a reconciliation to 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. Q4'22 EARNINGS PRESENTATION 13

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