Oatly Results Presentation Deck

STRONG TOPLINE MOMENTUM ACROSS REGIONS DESPITE CONTINUED SUPPLY CONSTRAINTS Production volume(1) Sales volume(1) 59 46 $60 EMEA Q2 2020A +32% 79 55 $79(3) Q2 2021A • Growth limited by capacity and low customer fill rates as EMEA continued to support Asia • All-time production high in EMEA Notes: USD in millions 1. Million litres of finished goods. 2. The benefit to revenue from foreign exchange impact was ~$10.2 millions. 3. The benefit to revenue from foreign exchange impact was ~$8.3 millions. 4. The benefit to revenue from foreign exchange impact was ~$1.8 millions. ● AMERICAS ● 15 15 $25 Q2 2020A +65% 28 26 $41 • Growth in new and existing foodservice and retail distribution Q2 2021A REVENUE Scaling production in Ogden, UT All-time production high in Americas THE ORIGINAL ● ● ● ● 6 $11 Q2 2020A ASIA ●ATLY! +149% 14 $26 (4) Q2 2021A Growth in new and existing foodservice, retail and e-commerce distribution Still market leader on T-mall, despite increasing competition and limited supply Navigated the Suez canal blockage using trains to China Singapore, SG facility initial production runs commenced in July ● 74 67 $95 TOTAL Q2 2020A +53% 106 95 $146 (2) Q2 2021A Total revenue growth continued to reflect accelerating consumer demand Topline momentum will continue to benefit from new capacity scaling up throughout 2021 Q2'21 EARNINGS PRESENTATION 17

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