Oatly Results Presentation Deck

AMERICAS: STRONG UNDERLYING CONSUMER DEMAND WITH IMPROVED ABILITY TO SUPPLY CUSTOMERS WE ARE NOT REACHING OUR GROWTH POTENTIAL... YET US Y/Y RETAIL SALES GROWTH [12WE 12/31/22][¹] 12% Plant-Based Milk 23% Oat 9% Oatly RELATIVE VELOCITIES DEMONSTRATE STRONG CONSUMER PREFERENCE AMERICAS VELOCITIES ($/STORE/WEEK)(2) $79 Oatly Chilled Oatmilk $20 Largest PBM brand. (1) Refers to Total Plant-Based Chilled Milk category; represents L12W as of Dec 31, 2022. (2) Refers to Total Plant-Based Chilled Milk category. Q4 represents L12W as of Dec 31, 2022. Largest PBM brand as of Q4 2022. ADEQUATE FILL RATES PROVIDE FOUNDATION FOR FUTURE GROWTH AMERICAS FILL RATES Mid-70s Q3 YTD Mid-90s Q4 Q4'22 EARNINGS PRESENTATION 9

View entire presentation