Oatly Results Presentation Deck

EMEA: STRONG ON-SHELF PERFORMANCE WITH SIGNIFICANT DISTRIBUTION UPSIDE Velocity: Units per store selling per week (¹) Based on largest oatmilk SKUs MAT (1) 32 #1 Oatmilk SKU: Oatly Barista Source: Nielsen, IRI Notes: UNITED KINGDOM #1 selling SKU in PBM & Oatmilk (2) 20 #2 Competitor 15 #3 Competitor Total distribution points (3) Oatly's TDP vs. largest PBM brand (4) Oatly Chilled ■Oatly Ambient 21.1k 36.6k A 3x+ Oatly 42.9k YE 2019 YE 2020 YE 2021 143.1k Largest PBM Brand (1) L12W represents the calculated average of the data for the 4-week rolling periods ending Nov 6 2021, Dec 4 2021 and Jan 2 2022 in the UK (2) Largest PBM and Oatmilk SKU based on absolute value sales for the last 52 weeks ending Jan 1 2022 in the UK and Jan 2 2021 in Germany (3) Total Distribution Points (TDP) represents the sum of Avg. Selling Stores for applicable SKUs at the brand-level. (4) Largest PBM and represents the PBM brand with the highest absolute value sales for the last 52 weeks ending Jan 1 2022 in THE ORIGINAL Velocity: Units per store selling per week (¹) Based on largest oatmilk SKUS MAT (¹) 32 #1 Oatmilk SKU: Oatly Barista and Jan 2 2021 in Germany ●ATLY! #1 selling SKU in PBM & Oatmilk (2) 11 GERMANY 8 #2 #3 Competitor Competitor Total distribution points (3) Oatly's TDP vs. largest PBM brand (4) ■Oatly Chilled ■Oatly Ambient 37.3k YE 2019 71.7k YE 2020 Oatly A 3x+ 90.9k YE 2021 274.9k Largest PBM Brand Q4'21 EARNINGS PRESENTATION 11

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