Oatly Results Presentation Deck

EMEA: DRIVING GROWTH IN EXISTING MARKETS WITH SIGNIFICANT INTERNATIONAL EXPANSION OPPORTUNITY LAUNCHED NEW SKU THAT IS ADDING THE MOST VALUE TO THE CATEGORY UK THE ORIGINAL OAT What kind LY! BARISTA EDITION OAT DRINK Totally vegan at drink came fram? 1L CHILLED BARISTA #1 FASTEST GROWING SKU IN THE NON-DAIRY DRINK CATEGORY (1) DISTRIBUTION EXPANSION ACROSS CHANNELS (SELECT EXAMPLES) PLANET ORGANIC Source: Nielsen IQ, IRI. Notes: 1 Based on absolute value sales L12W periods ending Aug 13, 2022, Sep 10, 2022 and Oct 8, 2022 in the UK LIDL ALDI SÜD RETAIL LNER LONDON NORTH EASTERN RAILWAY ARAL JET FOODSERVICE ESP ASSO ENTERING NEW MARKETS Current key markets consist of UK, DACH, The Nordics and the Netherlands. Limited presence in broader EMEA Q3'22 EARNINGS PRESENTATION 12

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