Grove SPAC Presentation Deck

Note: 1. Contribution Profit by Cohort CONTRIBUTION PROFIT BY COHORT (¹) (Annual 2017-2020) 2017 2018 2019 2014 2015 2016 2017 2018 2019 2020 Cohort contribution is highly reliable and increases over time 2020 Contribution profit is a non-GAAP measure and is defined as gross profit less fulfillment costs. The data on this slide is prepared solely for purposes of this presentation. This data excludes first orders and is calculated using average per order fulfillment costs. Gross profit and fulfillment costs are defined in our financial statements. Pre-2017 cohorts contribution margins included but too small to see on chart 40 %

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