Oatly Group AB (NASDAQ:OTLY) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET

Company Participants

Rachel Ulsh – Investor Relations

Toni Petersson – Chief Executive Officer

Christian Hanke – Chief Financial Officer

Peter Bergh – Chief Operating Officer

Conference Call Participants

Andrew Lazar – Barclays

Ken Goldman – J.P. Morgan

Rupesh Parikh – Oppenheimer

Michael Lavery – Piper Sandler

Laurent Grandet – Guggenheim

Rob Dickerson – Jefferies

Jon Andersen – William Blair

John Baumgartner – Mizuho Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to Oatly's First Quarter 2022 Earnings Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator instructions]

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

Rachel Ulsh

Good morning and thank you for joining us on Oatly's first 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 Operating 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 the 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 this year ended December 31, 2021 filed with the SEC on April 06, 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 and adjusted EBITDA. 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 these non-IFRS financial measures and the most comparable measures prepared in accordance with IFRS. In addition, Oatly has posted a supplemental presentation on its website for reference.