Grove SPAC Presentation Deck

FULFILLMENT COST PER ORDER (¹) ($) 17.9 Managed Costs With Increasing Scale While Investing in Product 16.3 14.1 14.1 I. 2018A 2019A 2020A YTD Q3 2021A PRODUCT DEVELOPMENT COST AS A % OF REVENUE (2) 5% 2018A 6% 2019A 5% 6% 2020A YTD Q3 2021A SG&A (EX. FULFILLMENT AND PRODUCT DEVELOPMENT) AS A % OF REVENUE (3) Notes: I. For Financial metrics not explicitly defined in this presentation, please refer to the Company's financial statements 2. Product development expenses relate to the development of products sold exclusively by the Company and costs related for the development and maintenance of the Company's proprietary technology Excludes fulfillment costs, product development costs, depreciation and amortization, and stock-based compensation expense 3. 25% 21% 16% Ili 2018A 2019A Effective cost management while investing in product development has led to lower fulfillment and operating costs which will drive future profitability 18% 2020A YTD Q3 2021A 46 8

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