Oatly Results Presentation Deck

EMEA'S ALREADY-SOLID MARGINS HAVE ROOM TO EXPAND EMEA GROSS PROFIT AS A % OF REVENUE LOW-30%S Q3 35-40% Total-Oatly Longer-term Target EMEA ADJ. EBITDA¹ AS A % OF REVENUE 12% Q3 1. Adjusted EBITDA is a non-IFRS measure. See the Appendix to this presentation for a reconciliation to the nearest IFRS measure. MID-TO-HIGH TEENS Total-Oatly Longer-term Target EMEA CAPACITY UTILIZATION LOW-70%S Q3 14

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