Oatly Results Presentation Deck

% Margin (45.2%) EMEA ($11) ($17) ($28) ($26) ($83) 3Q 2022 PROFIT AND CASH FLOW ITEMS ADJ. EBITDA (1) (31.0%) Americas Asia Corporate $2 (55) ($21) ($37) ($60) 4Q 2022 $274 FY 2021 Notes: USD in millions 1. Adjusted EBITDA and adjusted EBITOA margin are non-IFRS measures. See the Appendix to this presentation for a reconciliation to the nearest IFRS measure. CAPEX $202 FY 2022 $220 SHD 240 FY 2022 Guidance Q4'22 EARNINGS PRESENTATION 22

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