Oatly IPO Presentation Deck

~$600BN TAM WITH ACCELERATING ADOPTION RICTLY PROHINITED Additional opportunity in foodservice $592BN (¹) Global dairy retail sales Plant-based penetration of dairy retail sales globally is only -3%, but rapidly growing (¹) Source: Plant-based market survey commissioned by Oatly, January 2021. Note: 1. As of December 31, 2020. $18BN (1) Q: When did you first purchase plant-based milk? Last 2 Years 3+ years 61% 39% 71% 29% # 71% 29% 63% 37% c.60-70% of plant-based milk consumers joined the category in the last 2 years 69% 31% 11

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