Oatly Results Presentation Deck

SCALING EFFICIENT GLOBAL PRODUCTION CAPABILITIES 2021 Ogden, UT *TBD 2023/2024E(¹) Fort Worth, TX DATE OF GO-LIVE Established capacity Capacity added in 2021 Near-term capacity expansions Self-manufacturing 2019 Millville, NJ *2022 Hybrid *YEAR Expected expansion 2024/2025E(¹) Peterborough, UK 2019 Vlissingen, NL 2006 Landskrona, SE *2023 2021 Singapore, SG 2021 Maanshan, CN LY! Note: 1. These are not projections; they are goals / targets and are forward-looking, subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management, and are based upon assumptions with respect to future decisions, which are subject to change. Actual results will vary and those variations may be material. For discussion of some of the important factors that could cause these variations, please consult the "Risk Factors" section of the Annual Report on Form 20-F filed with the Securities and Exchange Commission for the year ended December 31, 2021. Nothing in this presentation and our other SEC filings should be regarded as a representation by any person that these goals / targets will be achieved and the Company undertakes no duty to update its goals. 2024E(¹) Asia III, CN

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