Oatly Results Presentation Deck

ASIA: SIGNIFICANT GROWTH OPPORTUNITIES DRIVEN BY STRONG BRAND POSITIONING, INNOVATION AND INCREASING LOCAL SUPPLY GROWTH OPPORTUNITIES Product portfolio expansion 63% OF 30 2022 SALES FROM ONE SKU Distribution expansion 13% OF 3Q 2022 SALES IN RETAIL International expansion ~7% OF 30 2022 SALES OUTSIDE OF MAINLAND CHINA, HONG KONG AND TAIWAN Notes: 1. Tmall database, as of September 2022. STRONG BRAND WITH EXPANDING DISTRIBUTION AND NEW PRODUCT LAUNCHES TMALL #1 理想生活上天猫 0.0 THE ORIGINAL CAT JEVE GO CAT 蘭芳園 LY! LA FOME INSIDE D 高安防•茶 TEA MA LY! ST BUTA 茶饮 |大师燕麦奶 TEA MASTER 313 TRAM TRAN MON - 蘭芳園 TRER DAN IN PLANT-BASED CATEGORY (1) 25K FOODSERVICE DOORS BY THE END OF Q4 RTD CO-BRANDED PRODUCTS CONTINUE TO SHIFT PRODUCTION TO MAANSHAN AND SINGAPORE % of volumes sold based on production location ~98% FY 21 EMEA ~70% ~30% 3Q 22 Asia Q3'22 EARNINGS PRESENTATION 16

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