Oatly Results Presentation Deck

Commentary ● ● JUNE AND JULY HAVE BEEN RECORD MONTHS AS NEW CAPACITY RAMPS UP FINISHED GOODS PRODUCTION VOLUME - YTD ● July came in significantly better than June driven by the Vlissingen expansion and Ogden ramp-up Ogden performed much better in July, with all lines now fully installed, up more than 250% vs previous month Ogden will continue to ramp up, with full utilization only expected in 2022 Major success from Vlissingen operations team, now close to reaching the monthly target of 20+ million litres and significantly better than June at +48% Singapore successfully went live in July and we received the first 100k litres from co-packing partner YHS (Million litres of finished goods) 28.5 JAN'21 28.2 FEB'21 THE ORIGINAL 33.3 MAR'21 ●ATLY! Landskrona closed for planned maintenance 35.5 APR'21 Vlissingen impacted by Covid-19 30.9 Ogden not yet at full capacity but showing stable MAY'21 performance 40.1 JUN'21 Start of production in Singapore 45.7 JUL'21 Q2'21 EARNINGS PRESENTATION 21

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