Oatly Results Presentation Deck

LOW WE CURRENTLY DEPLOY A VARIETY OF PRODUCTION MODELS TO MEET OUR GROWING DEMAND Early capex investment into self-manufacturing production models to drive margin profile CO-PACKING Oat base is shipped to external co- packing partners by ground transportation to execute the mixing and filling process Oatbase shelf life requires time sensitive transportation 2Q 2022: 27% of total volumes Target Mix: 10-20% ● ● TARGET % OF TOTAL VOLUMES HYBRID Oat base is transported via pipeline to nearby co-packing partners to mix and fill our products Centers around long-term partnerships with co-packers 2Q 2022: 39% of total volumes Target Mix: 30-40% ● ● END-TO-END SELF-MANUFACTURING In-house oat base manufacturing, mixing and filling in one location. Flexibility to build value-added processes HIGH Increased control of production and costs paired with high margins 2Q 2022: 34% of total volumes Target Mix: 50-60% Q2'22 EARNINGS PRESENTATION 23

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