Oatly Results Presentation Deck

20 2022 REVENUE GROWTH IMPACTED BY FX MOVEMENTS Revenue (USD in millions) % Year-over-year growth EMEA YOY sales volumes growth (1) $79 2Q21 Americas +16% FX impact +5% $82 2Q22 19% $41 2Q21 Asia +37% Customer mix +25% $52 2Q22 Constant currency revenue growth (2) $26 2Q21 +56% Channel mix partly offset by FX impact +66% $44 2Q22 70% Notes: 1. Million litres of finished goods, 2. Constant currency revenue is a non-IFRS measure. Please see appendix for a reconciliation to revenue, the nearest IFRS measure. The constant currency measure is calculated by translating the current year reported revenue amounts into comparable amounts using the prior year reporting period's average foreign currency exchange rates, which have been provided by a third- party foreign exchange service provider (EUR:USD = 0.830; GBP:USD = 0.715; SEK:USD = 8.411; RMB:USD = 6.458). See appendix for reconciliation of foreign exchange rates. YOY Sales volumes growth (1) $146 2021 $43 YOY constant currency sales. (2) growth +28% +30% $190 2022 (@constant FX rates) (2) ($12) FX impact +22% $178 2022 (@actual FX rates) (2) Q2'22 EARNINGS PRESENTATION 11

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