The next generation of water Cherenkov neutrino telescopes in the Mediterranean Sea are under construction offshore France (KM3NeT/ORCA) and Sicily (KM3NeT/ARCA). The KM3NeT/ORCA detector features an energy detection threshold which allows to collect atmospheric neutrinos to study flavour oscillation. This paper reports the KM3NeT/ORCA sensitivity to this phenomenon. The event reconstruction, selection and classification are described. The sensitivity to determine the neutrino mass ordering was evaluated and found to be 4.4 $\sigma$ if the true ordering is normal and 2.3 $\sigma$ if inverted, after three years of data taking. The precision to measure $\Delta m^2_{32}$ and $\theta_{23}$ were also estimated and found to be $85\cdot10^{-6}$ eV$^2$ and $(^{+1.9}_{-3.1})^{\circ}$ for normal neutrino mass ordering and, $75\cdot10^{-6}$ eV$^2$ and $(^{+2.0}_{-7.0})^{\circ}$ for inverted ordering. Finally, a unitarity test of the leptonic mixing matrix by measuring the rate of tau neutrinos is described. Three years of data taking were found to be sufficient to exclude $\nu_{\tau}$ and $\bar{\nu}_{\tau}$ event rate variations larger than 20% at $3\sigma$ level.
Comment: Accepted for publication at EPJ-C