Grove Investor Presentation Deck slide image

Grove Investor Presentation Deck

Grove Co. Is the Leading Digitally Enabled Brand in HPC 2. 3. 4. 5. 6. 7. 8. BRAND HIGHLIGHTS CLEAR WINNER IN NEXT-GEN HPC #1 DTC brand in natural HPC (1) #1 Brand awareness among zero-plastic brands (2) Largest lifetime DTC customer base in the category CATEGORY LEADER IN SUSTAINABLE PACKAGING -6MM refillable chassis sold to date 350 SKUS free from single use plastic Grove customers have prevented >5 million lbs of plastic waste (³) TIP OF SPEAR ON ESG + IMPACT BUSINESS MODEL Certified B-Corp since 2014 + Public Benefit Corp Carbon Neutral Certified; Plastic Neutral Exceeded goal of planting I million trees in the U.S. by 2022 Scalable, ethical and sustainable supply chain practices for all partner facilities KEY STATS Based on Company estimates Gross Margin defined as gross profit / net revenue Represents revenue from customers who have the flexible monthly shipment feature enabled As of 12/31/21 Points of distribution calculated as SKUs x Number of doors #1 Market Share in Zero-Plastic Home Care (4) 54% 2018-2021A Revenue CAGR >1.5MM LTM Active DTC Purchasers -1,900 Retail Doors (100% of Target U.S. Chain)(7) #1 Hand, Dish, Cleaning Launch of 2021 in Target 49% 2021A Gross Margin(5) 84% % of 2021A DTC Revenue from Flexible Monthly Shipment Customers(6) Notes: I. Based on 2020 revenue estimates for Burt's Bees, Dr. Bronner's, Green Works, Method, Mrs. Meyers, Seventh Generation, and Tom's of Maine, per Euromonitor International Ltd Beauty & Personal Care 2022ed; Honest Co., per its S-1 filing; and, for Blueland, CleanCult, Dropps, Earth Breeze, Public Goods and TruEarth, management's analysis of publicly reported revenue data for the most recent years available and Second Measure's Observed Sales dataset for 2019-2021 Grove consumer awareness survey, 2H 2021 Includes nature and ocean-bound plastic waste from our environment through our plastic neutral partners 97% Y/Y Increase in Target Points of Distribution (8) 20%
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