Oatly Results Presentation Deck

29% 36% REVENUE SPLIT BY REGION -Q3 2021 Notes: 1. Includes Coffee & Tea shops. 2. Mainly e-Commerce. 20% 51% 59% EMEA REVENUE SPLIT BY CHANNEL -Q3 2021 5% Americas 4. As of September 30, 2021. 5. Estimated global dairy market for food retail channel. Based on Euromonitor data. Asia Food retail KEY STATS Foodservice(1) Other (2) $584MM LTM Q3 2021 Revenue 9 Planned Production Facilities by 2023 74,000+ Approx. Retail Doors (4) 7 Product Categories 3. Calculated based on 2018 revenue of $118MM. 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 for 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. +79% 2018 Q3'21 Revenue CAGR (3) COMMERCIAL SUCCESS in 20+ markets 72,000+ Approx. Foodservice locations (4) ~$600BN Total Addressable Market Nearing the Tipping Point of Adoption (5) Q3'21 EARNINGS PRESENTATION 4

View entire presentation