Grove Investor Presentation Deck

FULL VENDOR AUDIT UNDERWAY 12 month plan to reduce vendor expenses significantly Consolidating software purchases across functions to drive cost savings Re-sourcing creative production to maintain speed w/ lower costs Eliminating unprofitable contracts Right Sizing Operating Expenses to Achieve Sustainable and Profitable Growth PERSONNEL EXPENSE EFFICIENCY 17% Reduction in Force implemented in QI 2022 Significantly reduced hiring throughout 2022 and 2023 Increasing utilization of near-shore resources where possible Empowering team to “think like an owner" on expense decisions ● ● REDUCE FIXED EXPENSES Revisit insurance contracts Eliminate rent where no longer leveraging office space Attempt to rationalize large SF real estate footprint VENDOR PAYROLL FIXED EXPENSE 44 8

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