Oatly Results Presentation Deck

% Margin (15.8%) ($27) 3Q 2021 30 2022 FINANCIALS OVERVIEW ADJ. EBITDA (1) (45.2%) ($83) 3Q 2022 Adjusted EBITDA loss increased due to: Lower gross profit of $39.9 million - Higher branding and customer distribution expenses Other operating expenses to support growth across three continents Partially offset by positive impact from foreign exchange rates $187 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. 9M 2021 CAPEX $171 9M 2022 Continued to invest in capacity to meet the demand Near-term capex savings due to phasing of production facility expansion projects Q3'22 EARNINGS PRESENTATION 21

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