Oatly Results Presentation Deck

EMERGING OAT DOMINANCE THE OAT CATEGORY IS RAPIDLY GAINING MARKET SHARE AND SURPASSING OTHER CROP CATEGORIES % of total plant-based milk retail market (¹) 80% 70% 60% 50% 40% 30% 20% 10% Inherent sustainable characteristics 0% Oct '18 YOY Growth (2) SWEDEN Oat: 14% DA: 12% Oat 77% 9% 9% Sep ¹21 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Flexible within the supply chain UNITED KINGDOM Oat surpassed almond and soy Oct '18 Source: Nielsen, IRI. Notes: Sweden Nielsen data as of week 40, 2021; U.K. IRI data as of October 9, 2021; Germany Nielsen data as week 39 2021 and U.S. Nielsen data as of October 9, 2021. 1. Market shares by retail sales value, represent rolling four weeks period. 2. Year-over-year growth of 52-week periods. Oat Oat: 62% DA: 21% Soy Oat 45% 21% 21% Sep ¹21 THE ORIGINAL Widely accessible to a range of eaters 60% 50% 40% 30% 20% 10% 0% ●ATLY! Almond Oct '18 GERMANY Oat surpassed almond Oat I Oat surpassed soy | | Oat: 50% DA: 31% Oat 57% Dairy Alternatives 16% 16% Sep ¹21 70% 60% 50% 40% 30% 20% 10% 0% Nutritional advantages Oct '18 UNITED STATES Oat surpassed soy Oat: 80% I DA: 8% 63% Q3'21 EARNINGS PRESENTATION Oat 19% 8% Sep ¹21 8

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