Oatly Results Presentation Deck

STRONG U.S. VELOCITY TRAJECTORY DRIVEN BY HIGHER PRODUCTION CAPACITY Oatly brand-level oatmilk velocity & number of stores selling Store Scanned 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 18 1,919 Dec-18 Jan-19 Stores Scanned Units/Store/Week Feb-19 Mar-19 Mar-19 Apr-19 III May-19 Jun-19 Jul-19 Aug-19 Source: Nielsen XAOC Notes: Nielsen only covers measured channels (~40% of total America revenue). 1. Data represents Units / Store Selling / Week for the 4 week rolling periods through October 9, 2021. Sep-19 Oct-19 32 4,556 Nov-19 Dec-19 Jan-20 Feb-20 Feb-20 Mar-20 Apr-20 THE ORIGINAL May-20 Jul-20 Jun-20 OATLY! Aug-20 Sep-20 Oct-20 40 7,840 Nov-20 Dec-20 Jan-21 Jan-21 Feb-21 W Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 41 12,037 Oct-21 50 45 40 35 30 25 20 15 10 VELOCITY REACHING COVID SHELTER-IN-PLACE LEVELS WITH IMPROVED ON-SHELF AVAILABILITY, EVEN WITH BROADER DISTRIBUTION FOOTPRINT 5 0 Units/Store/Week Q3'21 EARNINGS PRESENTATION 13

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