Oatly Results Presentation Deck

30 2022 REVENUE GROWTH IMPACTED BY FX MOVEMENTS Revenue (USD in millions) % Year-over-year growth YOY Sales volumes growth (¹) $171 3Q21 $29 YOY constant currency sales. growth (2) +15% +17% $200 3Q22 (@constant FX rates) (2) ($17) FX impact +7% $183 3Q22 (@actual FX rates) (2) Notes: 1. Million litres of finished goods. 2. Constant currency revenue is a non-IFRS measure. Please see appendix for a reconciliation to revenue, the nearest IFRS measure. The constant currency measure is calculated by translating the current year reported revenue amounts into comparable amounts using the prior year reporting period's average foreign currency exchange rates, which have been provided by a third- party foreign exchange service provider (EUR:USD = 0.848; GBP:USD = 0.726; SEK:USD = 8.649; RMB:USD = 6.468). See appendix for reconciliation of foreign exchange rates. EMEA YOY sales volumes growth (1) $87 3Q21 Americas $97 +7% 3Q22 FX impact +11% $83 (6%) $49 3Q21 Asia +17% Customer mix and pricing actions $61 +23% 3Q22 Constant currency revenue growth(²) $34 3Q21 $42 $40 3Q22 +38% Channel mix partly offset by FX impact +23% +16% Q3'22 EARNINGS PRESENTATION 18

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