Grove SPAC Presentation Deck slide image

Grove SPAC Presentation Deck

$ million, unless specified otherwise $700 Note: I. Unaudited management estimates $600 $500 $400 $300 $200 $100 $0 A History of Doing Well By Doing Good We Use Our Connection with Consumers to Build Authentic, Disruptive Brands 2012 Company founded as ePantry, based on selling natural 3P products 2014 B Corp Certification achieved Revenue -Gross Margin % 0% $0 (1) 2012A 2015 Launched our first Grove Brand product 2016 Changed name to Grove + focus on brand building 33% $7 (1) 2016A 2018-2020 Opened 3 scale FCs 48% 2018 $100MM+ in sales $364 2020A 2019 Committed to zero plastic by 2025 2020 100% Carbon neutral + 100% Plastic neutral 56% $647 2024E IH 2021 Launched Beyond Plastic collection of Cleaning at Target in 100% of U.S. doors 60% 50% 40% 30% 20% 10% 0% IH 2022 Merge with VGII (projected) 2021 Certified Climate neutral 10 %
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