Grove Investor Presentation Deck

Gross 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 %

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