Oatly Results Presentation Deck

IN Q3, EMEA CONTINUED TO OUTPACE THE CATEGORY'S STRONG GROWTH RATE EMEA Y/Y RETAIL TAKEAWAY SALES GROWTH IN Q3 2023¹ 6% Plant-Based Milk 15% Oat Drinks EMEA CONSTANT CURRENCY NET REVENUE GROWTH² 16% Oatly (1) Consolidated Year-over year value growth for the 12 weeks ended Sept 10 for Germany, UK, Sweden, Austria, Switzerland, Netherlands, Denmark, Norway. Source Nielsen. For Germany Hard discount is excluded. For Denmark, only total plant- based data is available. Source for UK, IRI, (2) Constant currency revenue is a non-IFRS measure. Please see appendix for a reconciliation to revenue, the nearest IFRS measure.

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