Oatly IPO Presentation Deck

GLOBAL COMMERCIAL SUCCESS IN MORE THAN 20 MARKETS ACROSS THREE CONTINENTS 2001 Sweden & Nordics Launch REVENUE COPT($MM) 103 2018 (6) EMEA 64% of revenue in 2020 (5) 15+ markets 2016 UK Relaunch 40,000+ Retail Doors (" +58% CAGR 155 2019 2018 Germany Relaunch 268 And many more since 290 2020 LTM Q1 2021 -12,500 #1 Coffee shops (¹) Oatmilk brand 121 2017 Barista Launch in Select Locations REVENUE (SMM) 12 2018 (6) 7,500+ Retail Doors (¹) AMERICAS 24% of revenue in 2020 (5) United States 2018 Nationwide Frozen Retail Launch Desserts Launch 39 +167% CAGR 2019 2020 Oatgurt Launch 2019 100 113 2020 LTM Q1 2021 ~10,000 #1 Coffee shops Oatmilk brand 5 core markets Mainland China, Hong Kong, Taiwan, Singapore, South Korea 2018 Barista-led Market Launch REVENUE (SMM) 2 Notes: 1. As of December 31, 2020. 2. By market share in key markets of Sweden, the UK, and Germany for the full year 2020, 52 weeks ending January 4, 2021 and the 52 weeks ending December 2020, respectively. Market data from IRI and Nielsen. 3. By market share in the United States for the 52 weeks ending December 26, 2020. Market data from Nielsen. 4. On Tmall, from Tmall database as of February 2021. 2018 ASIA 13% of revenue in 2020 (5) (6) 2020 Launched Strategic e-Commerce Partnership with Tmall 10 +368% CAGR 2019 54 2020 6,000+ -11,000 Coffee shops (¹) Retail & Specialty Doors !!! 5. Sales by region does not sum to 100% due to rounding. 6. 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 and gross profit for the years ended December 31, 2019 and 2020 and Q1 2021 were prepared in accordance with IFRS and have been audited. 2020 Launched Partnership with LIDE Starbucks China 74 LTM Q1 2021 #1 Oatmilk brand (4) 10

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