Oatly Results Presentation Deck

RIGHT-SIZING COST STRUCTURE SG&A + R&D (INCL.SHARE-BASED COMPENSATION,; EXCL. CUSTOMER DISTRIBUTION AND OTHER OPERATING INCOME AND (EXPENSES), NET) 2022 ACTUAL Change in estimated SG&A + R&D vs previous forecast Note: bars in chart are not perfectly to scale 2023E 2024E $85MM REDUCTION IN FORECASTED 2024 OVERHEAD EXPENSES TARGETED SAVINGS BY SEGMENT IN $ MILLIONS AMERICAS ASIA CORPORATE TOTAL FY24 $10 $40 $35 $85 9

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