Q2'21 Earnings Presentation

GLOBAL COMMERCIAL SUCCESS IN MORE THAN 20 MARKETS ACROSS THREE CONTINENTS EMEA 56% of revenue in H1'21 15+ markets E REWE TESCO EDEKA ocado Sainsbury's ICA COSTA HO JOE & THE REVENUE +55% (USD in millions) 309 CAGR 268 155 103 JUICE AMERICAS 26% of revenue in H1'21 United States JUICE WHOLE Walmart FOODS MARKET FRISH FOR EVERYONE Kroger Wegmans REVENUE (USD in millions) TARGET freshdirect. Oatly.com ELEVEN amazon BLUE BOTTLE COFFEE INTELLIDENTSTA JOE & THE +155% CAGR 130 100 ASIA 18% of revenue in H1'21 5 core markets Mainland China, Hong Kong, Taiwan, Singapore, South Korea ELEVEN sam's club HEYTEA 喜茶 Pizza Hut 麦法墟 METRO FamilyMart McDonakra 永辉超市 FENGHE SUPERSTORES REVENUE (USD in millions) +333% CAGR ACIFIC TMALL JD.COM KFC Alibaba.com 39 12 2 89 54 10 2018 (4) 2019 2020 LTM Q2 2021 2018 (4) 2019 2020 LTM Q2 2021 2018 (4) 2019 2020 LTM Q2 2021 #1 Oatmilk brand (2) 39,000+ Retail Doors (1) 10,000+ Foodservice locations (1) Source: Nielsen, IRI, management projections, Tmall Database Notes: 1. As of June 30, 2021. 2. By market share in terms of retail sales value for key markets of Sweden, Germany, the U.S. and the U.K. for the last 52 weeks ending week 28, 2021 in Sweden, ending week 26 2021 in Germany, July 17, 2021 in the US, and July 17, 2021 in The U.K. 3. On Tmall, from Tmall database as of June 2021. 4. Revenue for the year ended December 31, 2018 are management's estimates that were derived from our audited Swedish consolidated annual report in accordance with generally accepted accounting principles in Sweden. The amounts presented were converted to U.S. dollars and adjusted for comparability with IFRS, and these adjustments have not been audited or reviewed. The estimates may differ from the amounts that would have been presented if our results of operations for the year ended December 31, 2018 had been prepared in accordance with IFRS. Revenue for the years ended December 31, 2019 and 2020 were prepared in accordance with IFRS and have been audited. 16,000+ 26,000+ #2 Retail Doors (1) Foodservice locations (1) Oatmilk brand (2) 10,000+ Retail & Specialty Doors (1) 24,000+ #1 Foodservice locations (1) Oatmilk brand (3) Q2'21 EARNINGS PRESENTATION 8

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