Oatly Results Presentation Deck

STRONG ON-SHELF PERFORMANCE WITH SIGNIFICANT DISTRIBUTION UPSIDE Velocity: Units per store selling per week (¹) Based on largest oatmilk SKUs MAT (1) 34 #1 Oatmilk SKU: Oatly Barista Source: Nielsen, IRI Notes: UNITED KINGDOM #1 selling SKU in PBM & Oatmilk (2) 17 #2 Competitor 16 #3 Competitor Total distribution points (3) Oatly's TDP vs. largest PBM brand ■Oatly Chilled TDP ■Oatly Ambient TDP 21.1k YE 2019 36.6k 3x+ Oatly 42.7k 141.9k YE 2020 Q3 2021 Largest PBM Brand Velocity: Units per store selling per week (¹) Based on largest oatmilk SKUS MAT (¹) 29 #1 Oatmilk SKU: Oatly Barista (1) L12W represents the calculated average of the data for the 4-week rolling periods ending Aug 14 2021, Sep 11 2021 and Oct 9 2021 in the UK (2) Largest PBM Brand represents the PBM brand with the highest absolute value sales for the last 52 weeks ending Oct 9 2021 in the UK and Oct 3 2021 in Germany (3) Total Distribution Points (TDP) represents the sum Avg. Selling Stores for applicable SKUs at the brand-level. THE ORIGINAL ●ATLY! #1 selling SKU in PBM & Oatmilk (2) 11 GERMANY 8 #2 #3 Competitor Competitor Total distribution points (3) Oatly's TDP vs. largest PBM brand Oatly Chilled TDP ■Oatly Ambient TDP 37.3k YE 2019 71.7k YE 2020 Oatly A 3x+ 71.5k Q3'21 256.5k Largest PBM Brand Q3'21 EARNINGS PRESENTATION 11

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