Oatly Results Presentation Deck

FASTEST TURNING NATIONAL BRAND IN THE ENTIRE U.S MILK CATEGORY WITH SIGNIFICANT DISTRIBUTION UPSIDE #1 FASTEST-TURNING BRAND IN THE TOTAL DAIRY AND PLANT-BASED MILK CATEGORIES (¹) VELOCITY: USD/STORE/ITEM/WEEK (2) Based on brands with >15% ACV $77 Oatly $52 Largest Dairy Milk Brand $21 Largest PBM Brand MAINTAINING STRONG VELOCITY AS PRODUCTION RAMPS UP AND DISTRIBUTION EXPANDS, WITH FURTHER UPSIDE FROM CLOSING FILL RATE GAPS AND EXPANDING DISTRIBUTION (³) Velocity: Units/Store/Item/Week Stores Scanned 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Stores Scanned 1Q20 17 6,555 11 2020 3Q20 4Q20 1Q21 11,671 16 2021 3Q21 Source: Nielsen IQ. Notes: 1. By market share of the oatmilk category in terms of retail sales value for the U.S. over the last 13 weeks ending June 18, 2022. Does not represent velocity position in each of the retailers listed. 2. Data represents $/Item/ Store Selling / Week for the 13 weeks ending June 18, 2022. Includes brands with over 15% ACV. Excludes private label. 3. Represents Chilled Oatly's 64oz. Each quarter calculated as the average of the 4-week periods included during the quarter. 4Q21 1Q22 13,267 20 16 2022 18 16 14 12 10 60 t 2 Q2'22 EARNINGS PRESENTATION Units/Store/Item/Week 16

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