Oatly Results Presentation Deck

GLOBAL COMMERCIAL SUCCESS IN MORE THAN 20 MARKETS ACROSS THREE CONTINENTS E EDEKA ocado REVENUE (USD in millions) REWE TESCO Sainsbury's ICA 103 2018 (4) EMEA 56% of revenue in H1'21 39,000+ Retail Doors (1) 15+ markets +55% CAGR 155 2019 268 10,000+ Foodservice locations (1) COSTA Source: Nielsen, IRI, management projections, Tmall Database Notes: 309 JOE & THE JUICE 2020 LTM Q2 2021 A #1 Oatmilk brand (2) REVENUE (USD in millions) WHOLE FOODS Walmart MARKET Kroger Wegmans 12 2018 (4) AMERICAS 26% of revenue in H1'21 16,000+ Retail Doors (1) United States 39 TARGET 2019 ELEVEN +155% CAGR freshdirect. Oatly.com amazon 100 2020 26,000+ Foodservice locations (1) BLUE BOTTLE COFFEE Y INTELLIDEN STA 130 JOE & THE JUICE LTM Q2 2021 #2 Oatmilk brand (2) 5 core markets Mainland China, Hong Kong, Taiwan, Singapore, South Korea ELEVEN sam's club METRO 表法程 REVENUE (USD in millions) 2 2018 1. As of June 30, 2021. 2. By market share in terms of retail sales value for key markets of Sweden, Germany, the U.S. and the U.K. for the last 52 weeks ending week 28, 2021 in Sweden, ending week 26 2021 in Germany, July 17, 2021 in the US, and July 17, 2021 in The U.K. 3. On Tmall, from Tmall database as of June 2021. Family Mart H 永辉超市 TELE MEETORES 10,000+ Retail & Specialty Doors (1) 4. Revenue for the year ended December 31, 2018 are management's estimates that were derived from our audited Swedish consolidated annual report in accordance with generally accepted accounting principles in Sweden. The amounts presented were converted to U.S. dollars and adjusted for comparability with IFRS, and these adjustments have not been audited or reviewed. The estimates may differ from the amounts that would have been presented if our results of operations r the year ended December 31, 2018 had been prepared in accordance with IFRS. Revenue for the years ended December 31, 2019 and 2020 were prepared in accordance with IFRS and have been audited. ASIA 18% of revenue in H1'21 (4) HEYTEA 喜茶 McDonakra 10 +333% CAGR 2019 54 Pizza KFC Alibaba.com 2020 H 24,000+ Foodservice locations (1) FEL TMALL 89 JD.COM LTM Q2 2021 #1 Oatmilk brand (3) Q2'21 EARNINGS PRESENTATION 8

View entire presentation