Oatly Results Presentation Deck

T THE ORIGINAL Notes: Nielsen only covers measured channels 1. In key markets of Sweden, Germany, the U.S. and the U.K. for the last 52 weeks ending week 12, 2022 in Sweden, ending week 13 2022 in Germany, March 26, 2022 in the US, and March 26, 2022 in the U.K. Calculated as Oatly growth in value sales over the aforementioned periods as a % of total dairy alternatives category sales growth and as a % of total oatmilk category value sales growth over the aforementioned period. Excludes private label. 2. Velocity (rate of sales) based on top selling SKU by sales value compared to top selling SKU of next three largest competitors by sales value in key markets of Sweden, Germany, the U.S. and the U.K. for the last 12 weeks ending week 12, 2022 in Sweden, ending week 13 2022 in Germany, March 26, 2022 in the US, and March 26, 2022 in the U.K. (Major Multiples). 3. As of March 31, 2022. Q1 2022 KEY FINANCIAL HIGHLIGHTS BROAD-BASED REVENUE GROWTH ACROSS REGIONS CONTINUE TO SCALE PRODUCTION ACROSS THREE CONTINENTS LEADING MARKET SHARE ACROSS KEY MARKETS (1) #1 SELLING OATMILK SKU AND HIGHEST VELOCITIES ACROSS KEY MARKETS [2] OATLY AVAILABLE IN 179,000+ RETAIL & FOODSERVICE LOCATIONS GLOBALLY [3] THE ORIGINAL ●ATLY! Q1'22 EARNINGS PRESENTATION

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