Oatly Results Presentation Deck

KEY TAKEAWAYS Q3 ADJ. EBITDA¹ EXCEEDED OUR EXPECTATIONS, AND UNDERLYING RESULTS DEMONSTRATE SOLID PROGRESS EMEA: DEMONSTRATED ITS STRENGTH AND DURABILITY AMERICAS: GOOD MOMENTUM IN RETAIL: FOODSERVICE MIX HELPED MARGINS, IMPACTED REVENUE GROWTH ASIA: RESET PLAN IS ON TRACK AND DELIVERING WE ARE DOUBLING DOWN ON OUR ASSET-LIGHT PRODUCTION MODEL ADJUSTING 2023 GUIDANCE TO REFLECT ACCELERATION OF OUR STRATEGIC ACTIONS FULL YEAR CONSTANT CURRENCY REVENUE GROWTH NEAR LOW END OF +7-12% RANGE Q4 GROSS MARGIN IN MID-20%S FULL YEAR CAPEX BELOW $75MM WE REMAIN ON TRACK TO ACHIEVE PROFITABLE GROWTH IN 2024 1. Adjusted EBITDA is a non-IFRS measures. See the Appendix to this presentation for a reconciliation to the nearest IFRS measure 01 5

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