Grove Investor Presentation Deck

NET REVENUE (2018-2023) $300 $200 $100 $0 YOY GROWTH: $32 2017A $105 2018A 228% $233 Note: Projection periods represent midpoint of guidance 2019A 122% $364 2020A 56% $384 2021A 5% $322 2022A -16% $265 2023E -18% ~8x growth from 2017 - 2022, even after giving back a "pandemic bump" in 2020 + 2021. ADJUSTED EBITDA (2018-2023) $0 -$50 -$100 -$150 % Margin -$78 -$145 -$54 -$109 -$80 TV -$25 2017 (79%) 2018A (75%) 2019A (62%) 2020A (15%) 2021A (28%) 2022A (25%) We are driving to profitability in 2024 -$16 -85% since 2021 2023E Burn projected to decrease by (6.5%) 34 8

View entire presentation