Grove Investor Presentation Deck
Cost Structure to Scale with Revenue,
Despite Public Company Expenses
REDUCE FIXED EXPENSES
Consolidating software purchases across
functions to drive cost savings
➤ Re-sourcing creative production to maintain
speed with lower costs
Eliminated unprofitable contracts
Eliminated rent where no longer leveraging
office space
PERSONNEL EXPENSE EFFICIENCY
>30% net reduction of corporate employees in
2022 & significantly reduced hiring
Increased utilization of near-shore resources.
where possible
Empowering team to "think like an owner" on
expense decisions
Note:
Source: Company Financials
(1)
(2)
Adjusted SG&A
$26
$24
$22
$20
$18
$16
ADJUSTED SG&A + PRODUCT DEVELOPMENT 2021-2023 (1)(2)
$24
$23
$25
$25
$23
$20
$20
2Q-2021 3Q-2021 4Q-2021 1Q-2022 2Q-2022 3Q-2022 4Q-2022
Ongoing efficiency efforts, with a focus on preserving R+D
and building for the future
Excludes Fulfillment, Stock Based Compensation, Depreciation & Amortization, one-time Asset Impairment & Restructuring Expenses
Product development expenses relate to costs related to the ongoing support and maintenance of the Company's proprietary technology, including the Company's website and mobile device application, as well as amortization of capitalized internally developed software, and relate to
the product packaging innovation in the Company's Grove Brands products.
$19
1Q-2023
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