Oatly Results Presentation Deck

~$600BN TAM WITH ACCELERATING ADOPTION A MASSIVE ACCELERATION IS UNDERWAY FOR DAIRY ALTERNATIVES Additional opportunity in foodservice $592BN (¹) Global dairy retail sales Plant-based penetration of dairy retail sales globally is only ~3%, but rapidly growing (1) Source: Plant-based market survey commissioned by Oatly, January 2021. Note: 1. As of December 31, 2020. $18BN (¹) Q: When did you first purchase plant-based milk? 3+ years Last 2 Years THE ORIGINAL 61% OATLY! 39% 71% 29% 71% 29% c.60-70% of plant-based milk consumers joined the category in the last 2 years 63% 37% 69% 31% Q2'21 EARNINGS PRESENTATION 9

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