Oatly Results Presentation Deck

STRONG TOPLINE MOMENTUM REMAINS ACROSS REGIONS SUPPORTED BY HIGHER PRODUCTION OUTPUT Production volume(¹) Sales volume(¹) 75 ● 57 $78 Q4 2020 EMEA +14% 95 66 $89 (3) Q4 2021 Steady, consistent production in EMEA • Growth in foodservice and retail channels, primarily from oat drinks Expansion into new markets and re- entering markets shorted due to capacity constraints last year AMERICAS Notes: USD in millions 1. Million litres of finished goods. 2. The headwind to revenue from foreign exchange impact was $0.2 million. 3. The headwind to revenue from foreign exchange impact was -$1.4 million. 4. The benefit to revenue from foreign exchange impact was ~$1.2 million. 15 17 $28 Q4 2020 +96% 38 36 $55 Q4 2021 REVENUE • All-time production high in Americas • Growth in new and existing foodservice and retail channels • Growth limited by capacity constraints THE ORIGINAL 12 ● $21 Q4 2020 OATLY! ASIA +98% 10 22 $42(4) • Growth across sales channels • Revenue negatively impacted by COVID- 19 related foodservice closures Q4 2021 • Still market leader on T-mall, despite increasing competition and limited supply Singapore continued to scale production and Maanshan facility began commissioning phase 91 86 ● $127 TOTAL Q4 2020 +46% 142 124 $186 (2) Q4 2021 • Total revenue growth continued to reflect accelerating consumer demand Topline momentum will continue to benefit from new capacity scaling up throughout 2022 Q4'21 EARNINGS PRESENTATION 20

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