Oatly Results Presentation Deck

AMERICAS: FASTEST TURNING NATIONAL BRAND IN THE ENTIRE U.S. MILK CATEGORY WITH SIGNIFICANT DISTRIBUTION UPSIDE #1 VELOCITY BRAND IN RETAIL DAIRY & PLANT-BASED MILKS (1) (USD/Store/Item/week) (²) $80 Oatly Source: Nielsen Notes: Continued QoQ growth of category-leading velocity $54 $17 Largest Dairy Largest PBM Milk Brand Brand SIGNIFICANT DISTRIBUTION UPSIDE IN RETAIL CHANNEL (Brand-level ACV %) (3) A 55 p.p. 34% Oatly 89% Largest PBM Brand by value sales, last 52 weeks 1. By market share of the oatmilk category in terms of retail sales value for the U.S. over the last 13 weeks ending January 1, 2022. Does not represent velocity position in each of the retailers listed. 2. Data represents $/Item/ Store Selling / Week for the 13 weeks ending January 1, 2022. Includes brands with over 15% ACV. Excludes private label. 3. Largest PBM brand represents the brand with the largest absolute value sales for the last 52 weeks ending the aforementioned period. EXPANDING THE CONVERSION UNIVERSE WITH FROZEN NOVELTY BARS LAUNCH Frozen Novelties launched in Q1 with strong momentum and customer interest OAT x3 vanilla OAT x3 strawberry swirt OAT salted caramel x3 STAY Q4'21 EARNINGS PRESENTATION 13

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