Oatly Group AB (NASDAQ:OTLY) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET

Company Participants

Rachel Ulsh - Investor Relations

Toni Petersson - Chief Executive Officer

Christian Hanke - Chief Financial Officer

Peter Bergh - Chief Strategy Officer

Conference Call Participants

Andrew Lazar - Barclays

Ken Goldman - JPMorgan

Kaumil Gajrawala - Credit Suisse

Rupesh Parikh - Oppenheimer

Michael Lavery - Piper Sandler

Jon Andersen - William Blair

Bill Chappell - Truist

John Baumgartner - Mizuho

Operator

Greetings and welcome to the Oatly Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Rachel Ulsh. Please go ahead.

Rachel Ulsh

Good morning and thank you for joining us on Oatly's second quarter 2022 earnings conference call and webcast. On today's call are Toni Petersson, Chief Executive Officer; and Christian Hanke, Chief Financial Officer. Peter Bergh, Chief Strategy Officer will also be available for questions.

Before we begin, please remember that during the course of this call management may make forward-looking statements within the meaning of the federal securities laws including financial projections for future periods and fiscal year 2022. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could differ materially from actual events or those described in these forward-looking statements.

Please refer to the company's annual report on Form 20-F for the year ended December 31st, 2021 filed with the SEC on April 6th, 2022 and other reports filed from time-to-time with the Securities and Exchange Commission for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.

Please note on today's call management will refer to certain non-IFRS financial measures including EBITDA, adjusted EBITDA, and constant currency revenue. While the company believes these non-IFRS financial measures will provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with IFRS.

Please refer to today's release for a reconciliation of non-IFRS financial measures and the most comparable measures presented in accordance with IFRS. Please also note all retail scanner data is based on Nielsen for the 12 weeks ended June 2022. In addition, Oatly has posted supplemental presentation on its website for reference.