Oatly Results Presentation Deck

CLEAR LINE OF SIGHT TO IMPROVED GROSS MARGINS IN 2023 ~16% 40 2022 COVID-19 ENVIRONMENT IMPROVEMENT COVID-19 ONE-OFFS IN ASIA PRIMARILY NET SALES/LITER DRIVERS EMEA PRICE INCREASES IMPROVING AMERICAS CHANNEL MIX COGS/L IMPROVEMENTS IMPROVING UTILIZATION AND CO-PACKER CONSOLIDATION, NET OF ATION HIGH 20%S 40 2023 Q4'22 EARNINGS PRESENTATION 25

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