Oatly Results Presentation Deck

CATEGORY GROWTH REMAINED ROBUST IN TOTAL EMEA IN Q4 EMEA GAINING MOMENTUM BEHIND DISCIPLINED EXECUTION Y/Y RETAIL SALES GROWTH FOR THE 12-WEEKS ENDING JAN. 1, 2023¹ 4% Plant-Based Milk 12% Oat 30% 28% 26% 24% 22% 20% x 1/29/2022 2/26/2022 3/26/2022 GAINING SHARE IN KEY MARKETS² 4/23/2022 5/21/2022 UK 6/18/2022 7/16/2022 8/13/2022 Netherlands Source: Nielsen. 1. Year-over-year value sales growth for the 12-weeks ended January 1, 2023 consolidated for EMEA markets of the United Kingdom, Germany, Austria, Switzerland, Sweden, Norway, Denmark, the Netherlands, and Belgium. 2. Year-over-year value sales growth of 4-week periods ended December 31, 2022 in UK, and January 1, 2023 for Germany and Netherlands. 9/10/2022 Germany 10/8/2022 11/5/2022 12/3/2022 12/31/2022 30% 29% 25% Q4'22 EARNINGS PRESENTATION 7

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