Oatly Results Presentation Deck

STRONG TOPLINE MOMENTUM REMAINS ACROSS REGIONS SUPPORTED BY HIGHER PRODUCTION OUTPUT Production volume(¹) Sales volume(¹) 57 51 $71 - EMEA Q3 2020A +23% 97 63 $87(3) Q3 2021A • All-time production high in EMEA • Growth across sales channels: Retail 81% as a percent of revenue vs. 85% prior year period Foodservice 18% as a percent of revenue vs. 14% prior year period EMEA foodservice sales positively impacted by greater share of out of home consumption AMERICAS 17 16 Notes: USD in millions 1. Million litres of finished goods. 2. The benefit to revenue from foreign exchange impact was -$4.4 millions. 3. The benefit to revenue from foreign exchange impact was ~$2.7 millions. 4. The benefit to revenue from foreign exchange impact was -$1.7 million. $26 Q3 2020A +87% 32 30 $49 Q3 2021A REVENUE • All-time production high in Americas • Revenue negatively impacted by production set-back in Ogden • Growth in new and existing foodservice and retail distribution, partially offset by continued low fill rates due to capacity constraints THE ORIGINAL 10 ● $17 ●ATLY! ASIA Q3 2020A +98% 2 17 $34 (4) • Growth across sales channels • Revenue negatively impacted by COVID- 19 in China Q3 2021A • Growth limited by capacity constraints • Still market leader on T-mall, despite increasing competition and limited supply Singapore, SG facility continues to scale production 74 76 ● $115 TOTAL Q3 2020A +49% 131 110 $171 Q3 2021A • Total revenue growth continued to reflect accelerating consumer demand Topline momentum will continue to benefit from new capacity scaling up throughout 2021 Q3'21 EARNINGS PRESENTATION 18

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