Oatly Results Presentation Deck

Q3 RESULTS DEMONSTRATE PROGRESS TOWARD PROFITABILITY Ql GROSS MARGIN 19% LI 17% 17% Q2 Q3 320bps of impact from one-off Asia reset costs Notes: USD in millions 1. Adjusted EBITDA is a non-IFRS measures. See the Appendix to this presentation for a reconciliation to the nearest IFRS measure ADJ. EBITDA¹ (IN $MM) II $(50) Q1 $(53) Q2 $(36) Q3 Each segment improved Adj. EBITDA sequentially in Q3 6

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