Q2'21 Earnings Presentation

OATLY OUTPERFORMS IN AREAS THAT MATTER TO CONSUMERS GREAT TASTING PRODUCTS Leveraging proprietary production processes and key patented elements to convert fiber-rich oats into great tasting products OUR CULTURE THE ORIGINAL QAT LY! We promise to be a good соmраnу. We are not a perfect copy www close, but ne taties are true, in the EMOTIONAL CONNECTION TO OUR BRAND Oatly over-indexes versus competitors as "being a brand that aligns with my values" Jusged by the gordun tat HEALTHY NUTRITIONAL PROFILE Founded in the 1990s by food scientists on a mission to make the best possible form of milk for human beings 1L No milk. No soy. No-ah- whatever. Just the pretty vent goal is to delbet pract provide medan trition wele and side andmetal pect his ly everyt keit best plats, ve proxies that taking balanced nutritional producta that help people upp their Lala come before the reckless art of po jale to produce the responsible protects pessible and are acridig ta main the food Industry are at place by declating to be trancentr verything Lastnarently this sins in our page and promise not to me a b AUTHENTIC, SUSTAINABILITY CREDENTIALS Leading the industry and empowering people to make informed choices for the benefit of people and the planet Our shared mission and core belief in driving a societal shift towards a plant-based food system unifies our company in our quest for purpose-driven growth Source: Plant-based market survey commissioned by Oatly, January 2021. THE ORIGINAL OATLY! Q2'21 EARNINGS PRESENTATION 13

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