Oatly Results Presentation Deck

Production volume(1) Sales volume(1) BROAD-BASED REVENUE GROWTH ACROSS REGIONS 79 55 $79 2Q 2021 EMEA +16% +5% 69 64 (3) $82 2Q 2022 Growth in foodservice and retail channels, primarily from oat drinks • Growth impacted by foreign exchange headwind of $10.6 million • Expansion into new markets and re- entering markets shorted due to capacity constraints last year, as well as increasing shelf space in existing retailers 28 26 AMERICAS Notes: USD in millions 1. Million litres of finished goods. 2. The headwind to revenue from foreign exchange impact was 3. The headwind to revenue from foreign exchange impact was 4. The headwind to revenue from foreign exchange impact was -$1.0 million. $41 $11.7 million. $10.6 million. 20 2021 +37% +25% 20 39 35 • Revenue growth enabled by increased production $52 REVENUE Growth in both foodservice and retail channels 2022 Growth continues to be impacted by capacity constraints and supply chain disruptions 14 $26 2021 ASIA +56% +66% 15 22 $44(4) 2022 • Revenue growth impacted by the implementation of various degrees of lock-downs due to COVIO-19 variants in China • Continued market leadership on T-mall, in spite of increasing competition and limited supply Localized production supporting launch of new products and formats ● 106 95 $146 TOTAL 20 2021 +28% +22% 124 121 $178 (2) 2Q 2022 Total revenue growth continued to reflect strong consumer demand Expect topline momentum to continue to benefit from new capacity scaling up in Americas and Asia throughout 2022 Q2'22 EARNINGS PRESENTATION 20

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