#1JULY 2022 Investor Presentation Grove COLLABORATIVE D#2Disclaimer Basis of Presentation This Presentation (this "Presentation") is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential investment in Grove Collaborative Holdings, Inc. ("Grove") (the "Potential Transaction") and for no other purpose. By accepting, reviewing or reading this Presentation, you will be deemed to have agreed to the obligations and restrictions set out below. Without the express prior written consent of Grove, this Presentation and any information contained within it may not be used for any purpose other than your evaluation of Grove. This Presentation supersedes and replaces all previous oral or written communications between the parties here to relating to the subject matter hereof. This Presentation and any oral statements made in connection with this Presentation do not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This Presentation does not constitute either advice or a recommendation regarding any securities. Any offer to sell securities will be made only pursuant to a definitive Subscription Agreement and will be made in reliance on an exemption from registration under the Securities Act of 1933, as amended, for offers and sales of securities that do not involve a public offering. Grove reserves the right to withdraw or amend for any reason any offering and to reject any Subscription Agreement for any reason. The communication of this Presentation is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. No representations or warranties, express or implied are given in, or in respect of, this Presentation. Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Grove has not independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness. This data is subject to change. Recipients of this Presentation are not to construe its contents, or any prior or subsequent communications from or with Grove or its respective affiliates or representatives as investment, legal or tax advice. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of Grove or the Potential Transaction. Recipients of this Presentation should each make their own evaluation of Grove and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. To the fullest extent permitted by law, in no circumstances will Grove or any of its respective stockholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect, or consequential loss or loss of profit arising from the use of this presentation, its contents, its omissions, reliance on the information contained within it or on opinions communicated in relation there to or otherwise arising in connection therewith. Forward-Looking Statements Certain statements included in this Presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity; (2) references with respect to the anticipated benefits of the Potential Transaction and the projected future financial performance of Grove and Grove's operating companies; (3) changes in the market for Grove's products, and expansion plans and opportunities; (4) anticipated customer retention; (5) the sources and uses of cash of the Potential Transaction; and (6) expectations related to the terms and timing of the Potential Transaction. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of Grove's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Grove. These forward-looking statements are subject to a number of risks and uncertainties, including: changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the Potential Transaction; risks relating to the uncertainty of the projected financial information with respect to Grove; Grove's ability to successfully expand its business; competition; the uncertain effects of the COVID-19 pandemic; risks relating to growing inflation and rising interest rates; and those factors discussed in documents of Grove filed, or to be filed, with the U.S. Securities and Exchange Commission (the "SEC"). If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Grove does not presently know or that Grove currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Grove's expectations, plans or forecasts of future events and views as of the date of this Presentation. Grove anticipates that subsequent events and developments will cause Grove's assessments to change. However, while Grove may elect to update these forward-looking statements at some point in the future, Grove specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Grove's assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Use of Data The data contained herein is derived from various internal and external sources. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance. Grove assumes no obligation to update the information in this Presentation. 28#3Disclaimer (continued) Trademarks Grove owns or has rights to various trademarks, service marks and trade names that it uses in connection with the operation of its business. This Presentation may also contain trademarks, service marks, trade names and copyrights of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with Grove, or an endorsement or sponsorship by or of Grove. Solely for convenience, the trademarks, service marks, trade names and copyrights referred to in this Presentation may appear without the TM, SM, Ⓡ or symbols, but such references are not intended to indicate, in any way, that Grove will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor to these trademarks, service marks, trade names and copyrights. Use of Projections This Presentation contains projected financial information with respect to Grove, namely revenue and gross margin, gross product margin, Grove brands revenue share, gross revenue share by brand, gross profit, adjusted EBITDA, adjusted EBITDA margin, fulfillment cost, operating expenses, advertising spend. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The projections, estimates and targets in this Presentation are forward-looking statements that are based on assumptions that are in herently subject to significant uncertainties and contingencies, many of which are beyond Grove's control. See "Forward-Looking Statements" above. While all projections, estimates and targets are necessarily speculative, Grove believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic, regulatory, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in such projections, estimates and targets. The inclusion of projections, estimates and targets in this Presentation should not be regarded as an indication that Grove, or its representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events. The independent registered public accounting firm of Grove has not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect there to for the purpose of this Presentation. Financial Information; Non-GAAP Financial Measures The Grove financial information and data for the fiscal years ended December 31, 2019, 2020 and 2021 included herein are audited in accordance with Association of International Certified Professional Accountants (AICPA) auditing standards. Some of the financial information and data contained in this Presentation, such as gross product margin, contribution profit and adjusted EBITDA, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). These non-GAAP measures, and other measures that are calculated using such non-GAAP measures, are an addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to revenue, operating income, profit before tax, net income or any other performance measures derived in accordance with GAAP. A reconciliation of adjusted EBITDA to Net Income is provided at the end of this presentation. A reconciliation of the projected non-GAAP financial measures has not been provided and is unable to be provided without unreasonable effort because certain items excluded from these non-GAAP financial measures such as charges related to stock-based compensation expenses and related tax effects, including non-recurring income tax adjustments, cannot be reasonably calculated or predicted at this time. Grove believes these non-GAAP measures of financial results, including on a forward-looking basis, provide useful information to management and investors regarding certain financial and business trends relating to Grove's financial condition and results of operations. Grove's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. Grove believes that the use of these non-GAAP financial measures provide an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Grove's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Grove's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. See the footnotes on the slides where these measures are discussed and the Appendix for definitions of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. Important Information for Investors and Stockholders This Presentation is not a substitute for the registration statement or for any other document that Grove may file with the SEC in connection with the Potential Transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain free copies of other documents filed with the SEC by Grove through the website maintained by the SEC at http://www.sec.gov. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 38#4GLASS FLOOR Grove Co. multi-purpose cleaner DE & ROSEMARY Grove Co. multi-purpose cleaner APPLE & PEAR BLOSH MULTI SUSTAINABLY POWERFUL FOR A HEALTHY HOME & PLANE Grove Co. Hydrating Hand Soap FOR SOFTER FEELING HANGS LEMON & EUCALYPTUS 100% Natural Fragrance SFL OZ (XR MILFIGLE REFL SUSTAINABLY POWERFUL FOR A HEALTHY HOME & PLANT Grove Co. Hydrating Hand Soap FOR SOFTER FEELING HANDS APPLE & PEAR BLOSSOM 100% Natural Fragrance 3FL OZ (384 ML) SINGLE REFILL SUSTAINABLY POWERFUL 10R A REALTHY HOME & PLANT Grove Co. Hydrating Hand Soap FOR SOFTER FEELING HANDS LAVENDER BLOSSOM & THYME 100% Natural Fragrance OFL OZ (384 ML) SINGLE REFILL SUSTAINABLY POWERFUL FOR A HEALTHY HOME & PLANIY Grove Co. Hydrating Hand Soap SOFTER HANDS ORANGE & ROSEMARY 100% Natural Fragrance 0 FL OZ (384 ML)-SINGLE REFILL Grove Co. Room Spray Concentrate ALDEISS MILI Grove Room Spr Concentro#5Grove's vision is that consumer products will be a positive force for human and environmental health. We create and curate high performance, planet-first products to make that possible. MON & EUCALYPTUS Nags OF (LY THREE NET UABY POWER E Sens Grove Co. Foaming Hand Soap Ca Grove COLLABORATIVE Grove Co. 000 LO ooo 8#6Consumer Products Have Historically Hurt Our Planet and Our Health. We Are Changing That. 2020 GREENHOUSE GAS EMISSIONS (TONNES) PER MILLION $ OF REVENUE (1) (2) 199 Kimberly-Clark Source: Company filings 37 P&G 36 COLGATE-PALMOLIVE 35 The Clorox Company Grove Co. Net Zero emissions after offsets for Scope I + II Net Zero by 2030 (Scope 1 - Science-based targets for emissions reduction in Scope I-III in alignment with a 1.5ds (3) Carbon Neutral Certified Company as of 2021 (4) 13 Unilever 5 Grove Co. 2020 PLASTIC PACKAGING VOLUME (METRIC TONNES) PER MILLION $ OF REVENUE (¹) Notes: I. Companies were selected as peers who are representative of their primary verticals. Data for GHG emissions and plastic packaging Source: Company filings volume taken from company filings 2. Reflects the sum of Scope I and Scope II 3. Includes supplier engagement 4. Requires Grove to keep all operational emissions carbon neutral in alignment with the Carbon Neutral protocol in order to keep this designation 90 Coca-Cola 25 DANONE 17 COLGATE-PALMOLIVE 13 Nestle 11 Unilever 4 Grove Co. 6 8#7Grove is a Consumer Products Company leading the category to zero waste + zero plastic. Our legacy is DTC. Our future is changing behavior everywhere. 78#8Hand Soap Grove Co Hybroting Bond Sep Grove Co. multi-purpose cleaner www H Grove Co hyding Note: I. 2. Deep, Consumer-Centric, Sustainable Product Portfolio Grove Co™. Cleaning Grove Co. multi-purpose cleaner Grow Strong HONUⓇ® Approachable, Clean Wellness Grove Co Hand Soap Shoots CAN BLOOM Grove Co MAS PURPOSE SUPER BLOOM Dish Grove Co Ukio Dish Soop SIN NOOK M Grove Co Uhinde Dah Soep SUPER BLOOM Vegan Skin Care 33 Rank based on sales on Grove website within respective product categories Weighted average based on revenue for LI2M as of FY 2021 Grove Co Ultimate Dish Soop Grove Zero Waste Home Hond & Dish Rooted Plant-Based Personal Care Laundry Grove Co Air Care Grove 10 Bottle Grove Co. Power Clean Grove Co TM Tree-Free Paper peach "not plastic Plastic-Free Personal Care Seeding INCUBATOR BRANDS Tree-Free Toilet Paper Ltd Editions Collaborations Grove Co. Hydrating Hand Soap Grove Co. Chimote Dish Soap ng good fur Plastic-Free Pet Care E10 Tree-Free Paper Towels #1 Grove Platform Category Rank (1) 400+ SKUS $10.30 Average Selling Price (2) #1 Grove Platform Category Rank (¹) 90% of 2021A Grove Brands Revenue 52% of Grove Co Brand Revenue from non-single use plastic SKUs 10% of 2021A Grove Brands Revenue 8 8#9Note: 1. 2. 3. 2014 B Corp Certification achieved $ million, unless specified otherwise $400 Revenue $300 $200 $100 $0 ($100) ($200) 2012 Company founded as ePantry, based on selling natural 3P products A History of Doing Well By Doing Good We Use Our Connection with Consumers to Build Authentic, Disruptive Brands $32 28% ($25) 2017A 2 2015 Launched our first Grove Brand product 2016 Changed name to Grove + focus on brand building Adj. EBITDA is a non-GAAP metric; please refer to Appendix for definitional breakdown Unaudited management estimates Midpoint of guidance Adj. EBITDA $233 36% ($145) 2019A 2017-2020 Scaled 3 FCs Gross Margin% $384 49% ($109) 2021A 2018 $100MM+ in sales 2019 Committed to zero plastic by 2025 $305 ($44) 2023E 2020 100% Plastic neutral, Carbon neutral for Scope I + II $345 $1 2024E³ IH 2021 Launched Beyond Plastic collection of Cleaning at Target in 100% of U.S. doors 50% 40% 30% 20% 10% 0% 2021 Achieves CarbonNeutral® certified company June 2022 Grove IPO 98#10Invest in the future of home + personal care INVESTMENT THESIS $IT global TAM. Up for grabs Inevitable transition away from single use plastic will transform the home + personal care ("HPC”) market ● Market leader in zero waste HPC Leading market share + awareness in zero plastic home care DTC platform powers innovation cycle and online advantage, driving ongoing market leadership Huge omni-channel distribution opportunity (<5% of revenue in 2021 vs. ~90% for the category) Clear catalyst: profitability in <24 months Clear value creation plan to drive shareholder value over the next 24-36 months 10 g#11SECTION 1 Change in HPC is inevitable PLASTIC-FREE BY 2025 We're moving Beyond Plastic. GROVE.CO/BEYONDPLASTIC TH BEYOND PLASTIC 8) MULTI-PURPOSE S 11 8#12Consumer-Led Transition to Sustainable Products Is Inevitable THE TRANSITION IS GAINING MOMENTUM 87% 13% Global HPC Market Share Conventional vs. Natural (1) Conventional Natural 37% 63% When Did You First Purchase Natural Products? (2) More than 2 Years Ago Less than 2 Years Ago Notes: 1. Calculated based off of 13% US clean and natural HPC market penetration from Honest S-l 2. Management estimates developed from a variety of third-party resources 3. Ell, Kellie, Forecasting Consumer Demands. WWD (December 2020) 4. Alix Partners Naturally Beautiful - Millennials and Preferences in Beauty and Personal Care Products. (May 2019) 5. Cowen Equity Research, Gen Z and Millennials Are the Driving Force in Scaling Digital and Sustainability. (October 2020) CONSUMER PREFERENCE IS CLEAR SUSTAINABILITY 73% Of shoppers believe it is important to shop sustainably (3) TRANSPARENCY 72% Of consumers place importance on purchasing beauty and personal care products that are clean (4) MISSION-DRIVEN 74% Of retail consumers aged 25-34 place importance on social impact (5) 12 8#13Note: 1. Grove Co. Wins on Efficacy, with Truly Clean Ingredients... Healthy products that work Safe for your family + pets (plant-based formulas) Works as well as (or better than) conventional products The Grove Standard SAFER CHOICE Meets U.S. EPA Safer Product Standards GOOD HOUSEKEEPING -2021 SUSTAINABLE INNOVATION AWARDS Competitor Products Cheese, Baked Spaghetti w/ Sauce USDA CERTIFIED BIOBASED PRODUCT PRODUCT 95% Starch, Colored Based on results from independent lab tests via ASTM D3556-85. Product performance was measured against "tough and greasy" food residue as determined by the independent lab COMPANIES MOST ***T TEMBARY Product I + USDA ORGANIC BEST OF GREEN CLEANING 2021 FOR YOUR Product 2 + EWG + VERIFIED Grove Dishwasher Detergent Packs Performance vs. Leading Competitors (¹) Competitor Brand I Competitor Brand 2 OUR HEALTH TM EWG.ORG Product 3 + + Women's Health BEAUTY AWARDS + Product Outperformed by Grove detergent : 2021 BYRDIE + Better Homes &Gardens CHOUSE AWARDS 2021 Product 4 = ECO REAUTY P = : Product performed comparably with Grove detergent -: Product performed in a superior manner to Grove detergent AWARD 13 %#14Breakthrough sustainable innovation + Empty PLASTIC BOTTLE ...While Pioneering Innovations in Sustainability ESG DNA CERTIFIED FAIR TRADE ORGANIC CERTIFIED US PLASTICS PACT OBPI Zero-waste products, zero- plastic packaging + sustainable formats (e.g. tree-free paper) Uniquely sustainable supply chain + business practices CLIMATE COLLABORATIVE me FAIR RUBBER INFORES ALLIANC Hans NATURE ARGANIC 2015. GOTS ANDARD Public Benefit Corporation Certified B Corsation FSC AMERICAN SUSTAINABLE BUSINESS COUNCIL כה שטרס нәибәр esodınd-ոլոա 05 ӘЛОлэ 14 8#152345 Plastic Waste Is the #1 Issue for Our Industry (¹) More U.S. consumers care about plastic waste than about climate change. (2) Plastic packaging represents nearly half of all plastic waste. (3) 2. 3. 84% of American shoppers are concerned about plastics and packaging waste (4) 81% Sources: I. Kara Lavender Law, Natalie Starr et al., The United States' Contribution of Plastic Waste to Land and Ocean. October, 2020; PEW Charitable Trust and SYSTEMIQ, Breaking the Plastic Wave: A Comprehensive Assessment of Pathways Towards Stopping Ocean Plastic Pollution. July, 2020 Shelton Grp, Waking the Sleeping Giant: What Middle America knows about plastic waste and how they're taking action. June, 2019 Supply Chain Dive, Packaging Makes Up Nearly Half Of Plastic Waste. March, 2019 4. Consumer Brands/Ipsos poll based on a sample of 1,530 people in July 21 5. Natural home care market survey commissioned by Grove (August 2021) of plastic-free purchasers started purchasing in the last 2 years (5) 95% of natural home shoppers are likely to purchase plastic-free products in the future (5) 83% of natural home shoppers are willing to pay a premium to purchase plastic-free products (5) 15 8#16Sources: 1. 2. 3. Massive Problems Create Massive Opportunities SUSTAINABLE FOOD $1.2 Trillion Global Industrial Animal Agriculture Industry (1) ADM IMPOSSIBLE SPROUTS FARMERS MARKET THE ORIGINAL OATLY! HAIN ELESTIA CONAGRA BRANDS. Ingredion Simply Good UNFI FOODS COMPANY BETTER FOOD. BETTER FUTURE. Lifeway BEYOND MEAT × Not Co SunOpta Fueling the Future of Food CLEAN ENERGY $1.5 Trillion Global Passenger Car Market (2) Ο ΝΙΟ RIVIAN ⒸHYLIION Bloomenergy BYTON B I I FISK LUCID -L T-chargepoin+ TESLA CAN 00 | E PLUG ENVOY TM Lightning Systems SUSTAINABLE CONSUMER PRODUCTS -$1 Trillion Global HPC Industry (3) Grove COLLABORATIVE MarketLine Global Meat Report, October 2020 Business Research Company Per Euromonitor International Ltd, Beauty & Personal Care 2022ed, Home Care 202led, Pet Care 2022ed, Consumer Health 2022ed, and Tissue & Hygiene 2022ed; aggregation of beauty, personal care, home care, pet care (excluding food), baby care (diapers and wipes), and vitamins and dietary supplements 16 8#17ScJohnson → The Clorox Company ACQ. SELECT NATURAL HPC M & A COLGATE-PALMOLIVE P&G U Unilever ACQ. method MEYER'S ACQ. Legacy Players Have Not Created Leading Sustainable Brands... ACQ. ACQ. Mrs. CLEAN DAY BURT'S BEES TRUE TO NATURE™ 1970 SINCE Tom's hello OF MAINE NATIVE seventh generation. THERE IS ONE INDEPENDENT, PURE PLAY, $100MM + REVENUE HOME CARE BRAND FOCUSED ON HEALTH + SUSTAINABILITY GroveⓇ COLLABORATIVE 178#18Source: FactSet data as of June 28, 2022 ...Making the Category Ripe For Disruption MARKET CAP $ in billions <1% of the Category ~$1 Grove $17 The Clorox Company $22 CO₂ MO INC $54 reckitt $67 COLGATE-PALMOLIVE $119 Unilever $356 P&G $637 CUMULATIVE MARKET CAP 18 8#19PROV REMOV TOUGH STAINS* 32 LOADS SECTION 2 Leading the next chapter of HPC Grove Co. Laundry Detergent Sheets + PROVEN TO REMOVE TOUGH STAINS* 32 LOADS 19#20Grove Co. Is the Leading Digitally Enabled Brand in HPC 2. 3. 4. 5. 6. 7. 8. BRAND HIGHLIGHTS CLEAR WINNER IN NEXT-GEN HPC #1 DTC brand in natural HPC (1) #1 Brand awareness among zero-plastic brands (2) Largest lifetime DTC customer base in the category CATEGORY LEADER IN SUSTAINABLE PACKAGING -6MM refillable chassis sold to date 350 SKUS free from single use plastic Grove customers have prevented >5 million lbs of plastic waste (³) TIP OF SPEAR ON ESG + IMPACT BUSINESS MODEL Certified B-Corp since 2014 + Public Benefit Corp Carbon Neutral Certified; Plastic Neutral Exceeded goal of planting I million trees in the U.S. by 2022 Scalable, ethical and sustainable supply chain practices for all partner facilities KEY STATS Based on Company estimates Gross Margin defined as gross profit / net revenue Represents revenue from customers who have the flexible monthly shipment feature enabled As of 12/31/21 Points of distribution calculated as SKUs x Number of doors #1 Market Share in Zero-Plastic Home Care (4) 54% 2018-2021A Revenue CAGR >1.5MM LTM Active DTC Purchasers -1,900 Retail Doors (100% of Target U.S. Chain)(7) #1 Hand, Dish, Cleaning Launch of 2021 in Target 49% 2021A Gross Margin(5) 84% % of 2021A DTC Revenue from Flexible Monthly Shipment Customers(6) Notes: I. Based on 2020 revenue estimates for Burt's Bees, Dr. Bronner's, Green Works, Method, Mrs. Meyers, Seventh Generation, and Tom's of Maine, per Euromonitor International Ltd Beauty & Personal Care 2022ed; Honest Co., per its S-1 filing; and, for Blueland, CleanCult, Dropps, Earth Breeze, Public Goods and TruEarth, management's analysis of publicly reported revenue data for the most recent years available and Second Measure's Observed Sales dataset for 2019-2021 Grove consumer awareness survey, 2H 2021 Includes nature and ocean-bound plastic waste from our environment through our plastic neutral partners 97% Y/Y Increase in Target Points of Distribution (8) 20%#21Grove Is at the Intersection of Category Growth Trends TOTAL U.S. HPC SEGMENT GROWTH RATES () 1% Conventional 9% Clean / Natural 18% Household Care eCommerce Notes: 1. Conventional growth rate represents CAGR from 2019-2025. Clean / Natural growth rate estimated based on a variety of third-party research and represents CAGR from 2019-2025. eCommerce growth represents US Household Care CAGR from 2020-2025, per Euromonitor International Ltd Beauty & Personal Care 2022ed, current prices 21 8#22We're moving Beyond Plastic. 2021 Kes WAY Women's Health BEAUTY AWARDS Grove BY DESIGN 2021 With Coun INNOVATION The New York Times The Battle Bea Cat City & Go Lake Al Man City Bound Sven San Seb 16 Grove awareness is breaking through An Opel M SERMANNSTERS WHO LEFT TROMP GELD TOT EN FAST COMPANY Most Innovative Companies 2022 LIVE DIELINE AWARDS 2022 WINNER 4.5000 rove LABORATIVE asy GROVE COLLABORATIVE GOING PUBLIC Selected Awards Better Homes & Gardens CLEAN CHOUSE AWARDS 2022 2021 GOOD HOUSEKEEPING INNOVATIONA Bloomberg AWARDS SAFER CHOICE U.S. EPA PARTNER OF THE YEAR 2021 Treehugger BEST OF GREEN CLEANING 2021 FAST COMPANY WORLD CHANGING IDEAS 2020 81 8/480 AO/♡ a Quest Guy Ge We're moving Beyond Plastic. 31 Forbes 2021 AMERICA'S BEST STARTUP EMPLOYERS POWERED BY STATISTA 228#23Notes: I. 2. 3. 4. Penetration (1) 1.20-1.60% 1.00-1.19% .90-.99% .80-.89% .70-.79% .60-.69% To CO O Top 20 Target Locations (2) Grove Is a Mass-Market Player with Broad Customer Appeal GROVE CUSTOMER PENETRATION BY STATE (3) OO Number of Grove acquired customers divided by population LTD sales data as of December 2021 Top 10 cities with the most Target sales as of December 2021 Population data per U.S. Census Bureau as of 2019 for the zip code in which each store is located 5. Top 10 DTC Zip Codes with the highest penetration 8 Top 10 Zip Codes by Sales for DTC (5) LOCATION POPULATION Whatcom County, WA Chattanooga, TN Larimer County, CO Boston, MA San Francisco, CA Benton County, AR Elmore County, ID Chicago, IL Gunnison County, CO Onslow County, NC Glendale, CO Charlotte, NC Northgate, WA Chicago, IL Fort Collins, CO San Francisco, CA Edina, MN 229,247 179,690 356,899 684,379 874,961 279,141 27,511 Top 10 Cities by Sales at Target (3) LOCATION Watertown, MA Richfield, MN Beaverton, OR 2,693,976 16,802 197,938 POPULATION (4) 5,177 885,708 4,283 2,693,976 174,081 881,549 52,857 35,939 36,354 97,861 23 8#24SECTION 3 DTC platform - the engine powering our innovation cycle 24 8#25The key to out-growing the category is repeatable, differentiated innovation. 25 %#26Grove Has a Durable Competitive Advantage in Innovation DTC underpins the growth story by powering Grove innovation engine DTC INNOVATION RETAIL ‒‒‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ Superior access to customer data and preferences Insights lead to rapid innovation and >5x more SKU development than competitors Better informed + faster innovation from DTC provides competitive sustainable outgrowth in retail 26 8#27WE RELEASE >5X THE NUMBER OF SKUs... New SKUs Launched Per Year Grove COLLABORATIVE Traditional CPG Material Innovation Advantage + Results Grove COLLABORATIVE ... ON A TIMELINE THAT IS UP TO 6 X FASTER Time to Launch Traditional CPG ~30" 3-6 months Notes: I. In 2020, based Clorox's 2020 Annual Report on Form 10-K 2. Based on management estimates 3. 4. 160 (2) ~18 months 30x 20x 10x Ox Net Revenue Growth: Grove Brands Vs. Third Party Brands on Platform (3) (Indexed To 2017) -Grove Brands -Third-Party Brands 2021 -30x growth in Grove brands net revenue since 2017 8x growth in third-party brands net revenue since 2017 Gross Product Margin By Brand On Platform (FY 2021A) (4) 80% 70% 60% 50% 40% 30% 20% 10% 0% 72% Grove Brands 44% Third-Party Brands DTC revenue growth rates on Grove platform only indexed to 2017 revenue Gross product margin is defined as gross revenue (excluding discounts, returns and other adjustments to revenue) less product costs (excluding clearance, damages, shrink, inventory reserves, and other charges to cost of goods sold) 278#2870% 60% 50% 40% 30% 20% Note: I. 10% 0% Grove Brands Share Gains Are Ongoing Margin and Loyalty Drivers 7% FIRST THREE MONTHS GROVE BRANDS NET REVENUE SHARE BY COHORT() 12% 2015A 2016A % of overall Net Revenue Revenue. DTC Only 18% 2017A 30% 2018A 43% 52% 2019A 2020A 60% 2021A Note: 2. 100% 75% 50% 25% 0% OVERALL NET REVENUE SHARE BY BRAND(²) 93% 7% 2015A Grove Brands % of overall Net Revenue including Retail and DTC 51% 49% 2021A Third-Party Brands 28 8#29Most recent cohorts are higher revenue per customer than long term averages Note: I. Excludes VIP and shipping: Through FY 2021 cohorts using March 2022 data $300 $200 $100 $0 2015 AVERAGE CUMULATIVE REVENUE / CUSTOMER (¹) 0 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69 72 75 2016 (2015-2021) 2017 Months Since Sign Up -2018 2019 2020 2021 298#30The Grove Brand Resonates, Driving Organic Traffic and Success Across Media Types Grove Co. essential cleaners set grove.com % OF TRAFFIC FROM ORGANIC SOURCES IN 2021(0) 26% 74% Non-Paid Paid Note: 1. Organic sources defined as non-paid sources vs. paid brand and performance marketing sources; traffic measured by number of sessions; data is for FY 21 O 30 %#31Note: 1. 150% 100% 50% 0% Long Term Customer Loyalty is Exceptional 0 3 6 9 12 15 NET REVENUE RETENTION BY COHORT(¹) 18 21 24 (Quarterly, 2014-2021) 27 30 33 36 39 Months since sign up 42 45 48 51 Y-axis represents average of all quarterly cohort revenues as % of the cohort first order revenue, excludes VIP and shipping: Through FY 2021 cohorts using March 2022 data 54 57 60 Asymptotic retention of -40% 63 66 69 72 318#32SECTION 4 Expanding Distribution - The Next Leg of Growth 2 328#33Bringing Grove Co. to Retail Distribution is a Game Changing Opportunity 2023-2030 FOCUS -$1 Trillion (1) Global HPC Retail Industry 2021-2025 FOCUS $180Bn (1) U.S. HPC Retail Industry CURRENT SALES CHANNEL U.S. Vertical HPC eCommerce Sales: <$20.0Bn (2) Sources: I. Per Euromonitor International Ltd, Beauty & Personal Care 2022ed, Home Care 2022ed, Pet Care 2022ed, Consumer Health 2022ed, and Tissue & Hygiene 2022ed; aggregation of beauty, personal care, home care, pet care (excluding food), baby care (diapers and wipes), and vitamins and dietary supplements 2. Management estimates developed from a variety of third-party resources 33 8#34Note: I. Our Development Model Is Built for Omnichannel Engage Customers Drive Loyalty and Repeat Innovate in digital 3:47 < Grove Collaborative HOME CLEANING CLEANING TOOLS HOME ACCESSORIES 3 options 4 options 6 options Management estimates based on a variety of third-party resources all( ♥ New GROVE CO. Hydrating Hand Soap + Dispenser Lavender & Thyme $12.71 $18.90 Save 33% Add to Cart GROVE CO. Daily Shower Cleaner Concentrate+ Twist & Slide Gl... Orange & Rosemary+ Sparkling Orange ★★★★☆ 87 $12.71 $2190 Save 42% Add to Cart GROVE CO Multi-Purpose Cleaner Concentrate + Twist & Slide Gl... Apple & Pear Blossom + Bright Lime ✰✰✰✰✰ 90 $12.71 $2190 Save 42% Add to Cart Get to Know Them Creates Products for Them Pick your bottle Choose your product Clean sustainably O @ Scale in retail Grove Co. new at O SUSTAINABLY POWERFUL FOR A HEALTHY HOME & PLANET Uncompromised performance No harsh chemicals 100% natural fragrances Moves Beyond Plastic Grove Co Grove Co ~90%) of Consumers Buy via Diversified Retail 34 8#35Grove Co. Dish Soap Dispenser Grove Co. Reusable Cleaning Bottle Removes grease & food stains -better than the leading national brands SUSTAINA FOR A HE Grove Co. TOTAL CLEAN A HEALTHY Dishwasher Detergent Packs 20 PACKS Grove Co We Launched Target in April 2021. We have already grown assortment by >100% ● Note: 1. 2. 3. 4. #1 Hand / Dish / Cleaners launch in 2021 Top-10 Brand in Hand Soap and Dish within I year, including conventionall and natural (1) 23% Digital Penetration FYTD +500 bps vs. overall Target digital penetration(2) 68% of dollars incremental to current shopper behavior (3) 30% of Grove Co. Shoppers were new to the category @ Target (4) Nielsen Data, Target LI3W ending 5/21/22 Source: Target 4Q20 Earning's call Numerator New Item Share of Volume Data, Grove Co. vs. Dish, HHC, LHS aggregated view; Period defined as 04/01/2021-10/31/2021, pre-period defined as 09/01/2020-03/31/2021. Numerator Shopper Metrics Panel Data, Pre-Period defined as 09/01/2020 - 3/31/2021 35 8#36Strong Pull from Retail Partners Points to Successful Future Retail Rollout Multiple New Partners 3 Announced New Retail Partnerships in 2022: Kohl's, Meijer, Giant Eagle 6+ Retail Partnership Discussions in Progress Note: 1. Growing Points of Distribution Increase calculated as 12/31/22E points of distribution versus 12/31/21 303% (1) Expected Increase in Distribution Points 50%+ Further Potential Upside in Distribution Points Grove Co. Is a Highly Attractive Brand for Retail Partners: Attracts coveted and eco-conscious customers to store Drives increased basket size / spend per trip and profit dollars Promotes use of retail partners' online presence, helping create a vibrant omnichannel ecosystem peach not plastic. Grove's Leading Sustainable Personal Care Brand + amazon Launched Q4'21 368#37SECTION 5 Value Creation Plan ove Co. Grove 000 Grove Co essential cleaners set Grove 37 8#38$450 $300 $150 $0 ($150) We Are Focused on Profitable, 10%+ Long Term Growth PHASE I: INNOVATE + SCALE() Adj. EBITDA $364 $233 aill $105 Net Revenue ($78) 2018A ($145) 2019A ($54) 2020A $384 ($109) 2021A $450 Note: Projection periods represent midpoint of guidance (1) Adj. EBITDA is a non-GAAP metric; please refer to Appendix for definitional breakdown $300 $150 $0 PHASE 2: DRIVE TO SCALABLE PROFITABILITY() ($150) Net Revenue $305 ($93) Adj. EBITDA $305 ||| 53% ($49M) gain y/y in Adj. EBITDA 2022E ($44) $345 2023E 13% growth y/y + profitable 100% ($45M) gain y/y in Adj. EBITDA $1 Projected breakeven in 2024 2024E PHASE 3: PROFITABLE GROWTH 10-30% revenue growth Profitable with trend to double digit EBITDA Phase 3 value creation plan will drive profitable growth, above the industry averages 38 %#39Gross Margin as % of Net Revenue 2021 2022 2023 Full P&L Drive to Profitability 2024 Net revenue management Supply chain efficiencies 2021 Advertising $ 2022 2023 2024 Sales channel diversification + marketing efficiency improvements SG&A (ex. Fulfillment) as % of Net Revenue 2021 2022 2023 2024 Structure right sizing Expense management 39 8#40Improved Marketing Efficiency Net Revenue Management Value Creation Plan to Achieve Profitable Growth in 2024 + Omni-Channel Expansion OPEX Discipline Sustainable Growth Profit Expansion 40 %#41Optimization of Marketing Spend and Initiatives Media Diversification Paid social is now <20% of our mix. A larger portion of Grove traffic is unpaid. MarTech Implementation Marketing stack upgrade in Q3 will improve personalization and testing capabilities. Multiple Purchase Options (e.g. non-subscription) Creating more non-subscription ways to shop Grove will lower CAC, increase order conversion, and drive higher retention. Broadening Reach + Growing Awareness Partnership with Drew Barrymore, Global Brand and Sustainability Advocate, kicked off in May. Retail expansion lifts overall awareness. irove Co. Grove Co Grove Co Hydrating Hydrating Hand Soap Hand Soap MAP Gro multi- clean 41 8#42400+ Total Grove SKUs SKU expansion 2021 Coverage -22 MASSIVE OPPORTUNITY TO EXPAND SKU AND STORE COVERAGE OVER THE NEXT YEARS 1,900 Omni-Channel Expansion 2024 coverage Retail Stores expansion -250,000 Total Retail stores in U.S. (1) Retail sales growth driven by: Notes: 1. Total addressable retail stores in the U.S. as of 2020, based on Statista retail store research. Includes brick-and-mortar convenience, grocery, club, mass, drug, natural and specialty stores. Increasing retail doors + online penetration with existing partners Growing assortment (SKUS / door) Adding new online sales channels Increasing velocity through brand awareness growth + innovation 42 8#43Systematic Net Revenue Management processes embedded in all functions across all categories art Subscrip You've qualified for a free gift! Ship Now to redeem. $29.00 order min Laundry Powder Packs- Trial Size Free & Clear SELECT FREE GIFT $3.95 FREE GROVE CO. Glass Cleaner Concentrate + Twist & Slide Glass Spray... 1 v X Orange & Rosem... v $21.90 $12.7 Strategic Pricing Category strategy Price cliff implementation Competitive benchmarking Category Mix High margin basket-builders 1st party innovation Expansion to accretive segments S Cart Spend $36.17 more and ship now to get x a free gift $54.00 order min. Rooted Beauty Purifying Daily Moisturizer SELECT FREE GIFT Mrs. Meyer's Hand Soap Lavender 870. $15.05 FREE Mrs. Meyer's Multi-Surface Cle W 55.30 FREE Promotion Management Promotions by category roll Incrementality focus Personalization 43 8#44FULL VENDOR AUDIT UNDERWAY 12 month plan to reduce vendor expenses significantly Consolidating software purchases across functions to drive cost savings Re-sourcing creative production to maintain speed w/ lower costs Eliminating unprofitable contracts Right Sizing Operating Expenses to Achieve Sustainable and Profitable Growth PERSONNEL EXPENSE EFFICIENCY 17% Reduction in Force implemented in QI 2022 Significantly reduced hiring throughout 2022 and 2023 Increasing utilization of near-shore resources where possible Empowering team to “think like an owner" on expense decisions ● ● REDUCE FIXED EXPENSES Revisit insurance contracts Eliminate rent where no longer leveraging office space Attempt to rationalize large SF real estate footprint VENDOR PAYROLL FIXED EXPENSE 44 8#45INVESTMENT THESIS ● ● ● Post Value Creation Plan Thesis is Clean + Valuable ● Disruptive, sustainability led, consumer brand taking share in $IT TAM Omnichannel distribution, touching all channels that consumer shop w/ durable revenue but still massive white space in retail growth 10%-30% growth, well above CPG industry average -55% LT gross margin Profitable with a path to double digit EBITDA margin 45 8#46SECTION 6 Financials Grove Co. Reusable Cleaning Bottle the world (for the better, of course). Collaborative and how we plan to change Grove COLLABORATIVE We're so happy WELCOME you're here! Peek inside to learn more about Grove WAS PURPOSE GROVE.cr Grove C Grove Co. Hand Soap Dispenser 46 8#47$400 $300 $200 $100 $0 YOY GROWTH: NET REVENUE($MM) $105 2018A 228% $233 Note: Projection periods represent midpoint of guidance 2019A 122% $364 2020A 56% Revenue $384 2021A 5% $305 AMAN wwwwwww 00000 2022E (21%) $305 MUNN wwww wwwwww EMMIN 2023E 0% $345 2024E 13% ~3x growth from 2018 - 2022, even after giving back a "pandemic bump" in 2020 + 2021. We are reducing unprofitable spend aggressively in 2H22 and setting ourselves up to grow from there. 47 8#48Gross Margin Expansion (no GM guidance given) GROSS PROFIT ($MM) $200 $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 % MARGIN $36 2018A 35% 73% '18A-'21A CAGR $176 ill $83 2019A 36% 2020A $189 48% 2021A 49% Assortment mix and unit profitability improvements have led to steady GM gains 48 %#49Adjusted EBITDA ($MM) $20 % MARGIN $0 ($20) ($40) ($60) ($80) ($100) ($120) ($140) ($160) ($78) 2018A (75%) EBITDA + Path to Profitability ($145) 2019A (62%) ($54) 2020A (15%) ($109) Note: The data on this slide is prepared solely for purposes of this presentation; Projection periods represent midpoint of guidance 2021A (28%) I ($93) 2022E (30.5%) We are driving to profitability in 2024 ($44) Burn reduced by >50% in 2023, Profitable in 2024 2023E $1 (14.5%) 2024E >0% 49 8#50Notes: I. 2. 37 NET REVENUE PER ORDER() ($) 2018A 41 2019A Strong and Improving DTC Economics 53 2020A 56 2021A % OF NET REVENUE FROM FLEXIBLE MONTHLY SHIPMENT CUSTOMERS(1)(2) 71% 74% 79% 84% Net revenue and gross profit represent DTC First Orders and Repeat Orders only and exclude retail; and are inclusive of VIP, and shipping Represents revenue from customers who have the flexible monthly shipment feature enabled 84% III 2017A 2018A 2019A 2020A 2021A GROSS PROFIT PER ORDER() ($) 26 15 all 13 2018A 2019A 28 2020A 2021A Customer economics improving consistently with increasing Grove Brand mix and higher revenue per order 50 %#51FULFILLMENT COST PER ORDER() ($) 17.9 Managed Costs With Increasing Scale While Investing in Product 16.3 14.3 14.1 lu 2018A 2019A 2020A 2021A PRODUCT DEVELOPMENT COST AS A % OF REVENUE 5% 2018A 6% Notes: I. For Financial metrics not explicitly defined in this presentation, please refer to the Company's financial statements 2. Excludes fulfillment costs, depreciation and amortization, and stock-based compensation expense 2019A 5% 2020A 6% 2021A ADJ. SG&A (EX. FULFILLMENT) AS A % OF REVENUE(2) 25% 21% 16% lii 2018A 2019A 2020A Effective cost management while investing in product development has led to lower fulfillment and operating costs which will drive future profitability 20% 2021A 51 %#52Notes: 1. 2. Sustained Long-Term Growth and Profitability Metric (1) Revenue Growth Gross Margin SG&A: Fulfillment Cost Other SG&A + Product Development (2) Advertising Spend Adj. EBITDA Margin All metrics excluding revenue growth are calculated as a percentage of net revenue Excludes depreciation, amortization and stock based compensation expense Long-term target 10-30% 55-60% 10-15% 10-15% 10-15% 10-30% 52 8#53We Have Not Modeled the Impact of Expansion Initiatives Some of these opportunities are already under development UNMODELED UPSIDE DRIVERS Amazon: While Amazon is the largest customer for many natural CPG brands, we have not modeled material traction on Amazon (despite our large SKU count) Brand Synergies: We expect to achieve brand marketing synergies between retail and on-line channels where retail presence will drive brand awareness which could drive organic DTC acquisition, creating additional momentum Product Line Expansion: We have not accounted for the material success of any of our incubator brands International Sales: We have international interest and plan to selectively invest in expansion in the medium to long term B2B: We already have many businesses using the consumer ecommerce platform. A dedicated effort to serve business customers was in the works before the pandemic and could be considered in a "return to office" world M&A: We have a history of successful acquisitions for the purpose of product line expansion. We will continue to pursue M&A opportunities in spaces that we consider to be attractive (including in the Amazon eco-system) 53 8#54Invest in the future of home + personal care INVESTMENT THESIS $IT global TAM. Up for grabs Inevitable transition away from single use plastic will transform the home + personal care ("HPC”) market ● Market leader in zero waste HPC Leading market share + awareness in zero plastic home care DTC platform powers innovation cycle and online advantage, driving ongoing market leadership Huge omni-channel distribution opportunity (<5% of revenue in 2021 vs. ~90% for the category) Clear catalyst: profitability in <24 months Clear value creation plan to drive shareholder value over the next 24-36 months 54 8#55Grove is creating the change in CPG that the world needs. Grove Co. Reusable Cleaning Bottle Co 5411 1 wah har Grove Co. - Artub & tile IS PLOC cleaner Grove Co Ultimate Dish Soap LEAN D LEMON & EUCALYPT *** Grove Co Band Soop 55#56APPENDIX Supplemental Materials w Love, Grove 20 Grove 33 You ROCK, ALICE O Gr COLLABORATIVE @GROVECOLLABORATIVE 56 8#57Non-GAAP Financial Measures Some of the financial information and data contained in this presentation, such as adjusted EBITDA and adjusted EBITDA margin, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). These non-GAAP measures, and other measures that are calculated using such non-GAAP measures, are an addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to revenue, operating income, profit before tax, net income or any other performance measures derived in accordance with GAAP. A reconciliation of historical adjusted EBITDA to Net Income is provided in the appendix. The reconciliation of projected adjusted EBITDA and adjusted EBITDA Margin to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity, and low visibility with respect to the charges excluded from these non-GAAP measures, such as the impact of depreciation and amortization of fixed assets, amortization of internal use software, the effects of net interest expense (income), other expense (income), and non-cash stock based compensation expense. Grove believes these non-GAAP measures of financial results, including on a forward-looking basis, provide useful information to management and investors regarding certain financial and business trends relating to Grove's financial condition and results of operations. Grove's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. Grove believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Grove's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management of Grove does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Grove's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. We calculate adjusted EBITDA as net loss, adjusted to exclude: (1) stock-based compensation expense; (2) depreciation and amortization; (3) remeasurement of convertible preferred stock warrant liability; (4) interest expense; (5) provision for income taxes; and (6) restructuring expenses. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. 57 %#58$MM (1) Note: 1. Net Income (+) Interest Expense (+) Provision for Income Tax (+) Depreciation & Amortization EBITDA Adj. EBITDA Reconciliation (+) Remeasurement of Preferred Stock Warrants (+) Stock Based Compensation Expense (+) Loss on Extinguishment of Debt Adj. EBITDA Totals in table may not sum due to rounding 2018A ($82) I O ($81) I 2 O ($78) 2019A ($161) 2 O 2 ($157) O 12 O ($145) 2020A ($72) 6 O 4 ($62) I 8 O ($54) 2021A ($136) 5 I 5 ($125) 1 15 I ($109) 58 8#59Thank You GroveⓇ COLLABORATIVE