Oatly Results Presentation Deck

QUARTER-OVER-QUARTER 2Q 2023 GROSS MARGIN BRIDGE 17.4% 10 2023 COVID-19 ENVIRONMENT (0.9%) COVID-19 RECOVERY IN ASIA 0.4% NET SALES/ LITER EMEA & AMERICAS PRICE INCREASES, NET OF TRADE SPEND (0.4%) MIX EFFECT COGS / LITER 2.9% IMPROVING PRODUCTION MODEL AND CO-PACKER CONSOLIDATION, NET OF INFLATION (0.2%) OTHER, NET 19.2% 20 2023 30

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