Oatly Results Presentation Deck

Production volume(1) Sales volume(¹) ● 131 110 $171 3Q 2021 3Q 30 2022 FINANCIALS OVERVIEW REVENUE +17% +7% 124 126 $200 (2) (3) $183 3Q 2022 Revenue growth across retail and foodservice channels The foodservice channel contribution continued to increase in the third quarter of 2022 compared to the prior year period Experienced strong growth in e-commerce sales in China Constant currency revenue growth (³) % Margin 26.2% $45 3Q 2021 GROSS PROFIT Gross margin impacted by: Inflationary environment 2.7% Notes: USD in millions. 1. Million litres of finished goods. 2. The headwind to revenue from foreign exchange impact was $16.6 million. 3. 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 = 0.848; GBP:USD = 0.726; SEK:USD = 8.649; RMB:USD = 6.468). See appendix for reconciliation of foreign exchange rates. $5 3Q 2022 Continued production underutilization and related charges linked to macro-economic headwinds including continued COVID-19 restrictions in China Partially offset by positive impact from Americas and EMEA pricing actions Q3'22 EARNINGS PRESENTATION 19

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