Grove Investor Presentation Deck

Adjusted EBITDA ($MM) $20 % MARGIN $0 ($20) ($40) ($60) ($80) ($100) ($120) ($140) ($160) ($78) 2018A (75%) EBITDA + Path to Profitability ($145) 2019A (62%) ($54) 2020A (15%) ($109) Note: The data on this slide is prepared solely for purposes of this presentation; Projection periods represent midpoint of guidance 2021A (28%) I ($93) 2022E (30.5%) We are driving to profitability in 2024 ($44) Burn reduced by >50% in 2023, Profitable in 2024 2023E $1 (14.5%) 2024E >0% 49 8

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