Grove Investor Presentation Deck
Note:
1.
2.
3.
2014
B Corp
Certification achieved
$ million, unless specified otherwise
$400
Revenue
$300
$200
$100
$0
($100)
($200)
2012
Company founded as
ePantry, based on selling
natural 3P products
A History of Doing Well By Doing Good
We Use Our Connection with Consumers to Build Authentic, Disruptive Brands
$32 28%
($25)
2017A
2
2015
Launched our first
Grove Brand product
2016
Changed name to
Grove + focus on
brand building
Adj. EBITDA is a non-GAAP metric; please refer to Appendix for definitional breakdown
Unaudited management estimates
Midpoint of guidance
Adj. EBITDA
$233
36%
($145)
2019A
2017-2020
Scaled 3
FCs
Gross Margin%
$384
49%
($109)
2021A
2018
$100MM+ in sales
2019
Committed to
zero plastic by
2025
$305
($44)
2023E
2020
100% Plastic neutral,
Carbon neutral for
Scope I + II
$345
$1
2024E³
IH 2021
Launched Beyond Plastic
collection of Cleaning at
Target in 100% of U.S. doors
50%
40%
30%
20%
10%
0%
2021
Achieves CarbonNeutral®
certified company
June 2022
Grove IPO
98View entire presentation