Oatly Results Presentation Deck

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Loss for the period attributable to shareholders of the parent Income tax expense Finance income and expenses, net Depreciation and amortization expense EBITDA Share-based compensation expense IPO preparation and transaction costs Adjusted EBITDA Adjusted EBITDA margin THE ORIGINAL Thee months ended June 30, 2021 2020 (59,064) 264 10,696 4,642 (43,462) 4,466 7,065 (31,931) (21.8%) OATLY! (in thousands $) (4,790) 420 23 3,113 (1,234) (1,234) (1.3%) Six months ended June 30, 2021 2020 (91,447) 2,212 12,616 8,646 (68,155) 4,466 9,288 (54,401) (19.0%) (12,963) 772 2,673 5,964 (3,554) 1,014 (2,540) (1.4%) Q2'21 EARNINGS PRESENTATION 27

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