Oatly Results Presentation Deck

OUR FOCUS REMAINS ON SCALING UP OUR PRODUCTION CAPACITY TO MEET DEMAND REVENUE (USD in millions) 1 +79% 2018-LTM Q3 2021 CAGR $118 2018 (1) I $204 2019 $421 2020 $584 '18 - LTM Q3'21 CAGR: ASIA +304% AMERICAS +149% EMEA +52% LTM Q3 2021 Notes: 1. Revenue and gross profit for the year ended December 31, 2018 are management's estimates that were derived from our audited Swedish consolidated annual report in accordance with generally accepted accounting principles in Sweden. The amounts presented were converted to U.S. dollars and adjusted for comparability with IFRS, and these adjustments have not been audited or reviewed. The estimates may differ from the amounts that would have been presented if our results of operations for the year ended December 31, 2018 had been prepared in accordance with IFRS. Revenue for the years ended December 31, 2019 and 2020 were prepared in accordance with IFRS and have been audited, GROSS PROFIT (USD in millions) I T THE ORIGINAL ●ATLY! +55% 2018 - LTM Q3 2021 CAGR $48 2018 41% (1) $67 2019 % Margin $129 2020 $161 LTM Q3 2021 27% Q3'21 EARNINGS PRESENTATION

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