Oatly Results Presentation Deck

FASTEST TURNING NATIONAL BRAND IN THE ENTIRE U.S. MILK CATEGORY WITH FURTHER DISTRIBUTION UPSIDE Velocity: Dollars per store selling per SKU per week (¹) Oatly brand-level velocity vs. other milk brands $69 Oatly $64 Organic dairy milk brand $50 Organic dairy milk brand Source: Nielsen XAOC Notes: Nielsen only covers measured channels (~40% of total America revenue). $49 Lactose-free milk brand $39 Nondairy milk brand 1. Data represents $ / Item / Store Selling / Week for the 24 weeks ending October 9, 2021. Includes brands with over 15% ACV. Excludes private label. 2. Data represents the 4 weeks ending October 9, 2021. 3. Largest PBM brand represents the brand with the largest absolute value sales for the last 52 weeks ending the aforementioned period. 4. Total Distribution Points (TDP) represents the sum of Avg. Selling Stores for applicable SKUs at the brand-level. $38 Dairy milk brand THE ORIGINAL $33 Nondairy milk brand ●ATLY! $29 Nondairy milk brand Brand-level %ACV Oatly's %ACV vs. largest PBM brand (3) 89% A 55 p.p. 34% Oatly Largest PBM Brand by value sales, last 52 weeks Q3'21 EARNINGS PRESENTATION 14

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