Q2'21 Earnings Presentation

Notes: REVENUE SPLIT BY REGION - Q2 2021 18% 28% 33% EMEA Americas 54% Asia REVENUE SPLIT BY CHANNEL - Q2 2021 5% Food retail Foodservice (1) 62% Other(2) KEY STATS $528MM LTM Q2 2021 Revenue +82% 2018 Q2'21 Revenue CAGR (3) 9 Planned Production Facilities by 2023 COMMERCIAL SUCCESS in 20+ markets 65,000+ Retail Doors (4) 60,000+ Foodservice locations (4) 7 Product Categories 1. Includes Coffee & Tea shops. 2. Mainly e-Commerce. 3. Calculated based on 2018 revenue of $118MM. Revenue for the year ended December 31, 2018 are management's estimates that were derived from our audited Swedish consolidated annual report in accordance with generally accepted accounting principles in Sweden. The amounts presented were converted to U.S. dollars and adjusted for comparability with IFRS, and these adjustments have not been audited or reviewed. The estimates may differ from the amounts that would have been presented if our results of operations for the year ended December 31, 2018 had been prepared in accordance with IFRS. Revenue for the years ended December 31, 2019 and 2020 were prepared in accordance with IFRS and have been audited. 4. As of June 30, 2021. 5. Estimated global dairy market for food retail channel. Based on Euromonitor data. -$600BN Total Addressable Market Nearing the Tipping Point of Adoption (5) Q2'21 EARNINGS PRESENTATION 4

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