Oatly Results Presentation Deck

RECONCILIATION OF NON-IFRS FINANCIAL MEASURES Reconciliation of Free Cash Flow Net cash flows from operating activities Capital expenditures Free Cash Flow Three months ended September 30, 2023 2022 (38,389) (10,949) (49,338) (87,948) (60,530) (148,478) Nine months ended September 30, 2023 2022 (151,479) (51,983) (203,462) (215,224) (174,352) (389,576) 39

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