Oatly Results Presentation Deck

PATH TO PROFITABILITY 1 Expand our distribution footprint with new geographies and within existing channels 2 Improve gross margin 3 Leverage our improved cost structure with the organizational changes EXPECT TO BE ADJUSTED EBITDA POSITIVE EXITING 40 2023 KEY DRIVERS OF GROSS MARGIN EXPANSION Continued pricing actions to combat COGS inflation Drive steady production progress at Ogden and new line in Millville Optimize utilization of supply chain network Expand channel footprint and product portfolio in Asia to navigate COVID-19 Improve operational execution with simplified org structure Q3'22 EARNINGS PRESENTATION 24

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