Oatly Results Presentation Deck

RECONCILIATION OF NON-IFRS FINANCIAL MEASURES (in thousands of U.S. dollars) Ε.ΜΕ.Α Americas Asia Total revenue Ε.ΜΕ.Α Americas Asia Total revenue Three Months Ended December 31, 2022 89,974 64,386 40,708 195,068 2022 2021 Twelve Months Ended December 31, 345,509 223,880 152,849 722,238 88,881 89,974 55,487 64,386 41,557 40,708 185,925 195,068 As reported 2021 As reported 336,452 345,509 179,830 223,880 126,908 152,849 643,190 722,238 $ Change Foreign exchange impact 12,615 4,019 16,634 $ Change Foreign exchange impact 43,166 6,811 49,977 In constant currency 102,589 64,386 44,727 211,702 In constant currency 388,675 223,880 159,660 772,215 % Change As reported 1.2% 16.0% -2.0% 4.9% As reported In constant currency % Change 2.7% 24.5% 20.4% 12.3% 15.4% 16.0% 7.6% 13.9% In constant currency 15.5% 24.5% 25.8% 20.1% Volume 11.5% -0.2% 22.1% 10.0% Volume 13.7% 23.2% 31.9% 19.1% Constant currency price/mix 3.9% 16.2% -14.5% 3.9% Constant currency price/mix 1.8% 1.3% -6.1% 1.0% Q4'22 EARNINGS PRESENTATION 36

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