Grove Investor Presentation Deck

DTC NET REVENUE PER ORDER (2018-2023) $60 $40 $20 $0 YOY GROWTH: $37 2018A 16% $42 2019A 12% $53 2020A 27% $56 2021A 7% $59 $55 5% $62 2022A Q1 2022A Q1 2023A 12% We continue to increase our wallet share with customers Notes: 1. Gross margin excludes the impact of Non-cash inventory reserve as disclosed in the Consolidated Statement of Cash Flows in our 10-K Filings ADJUSTED GROSS MARGIN (2018-2023) 60.0% 40.0% 20.0% 0.0% 34.7% 2018A 660bps 35.9% 2019A 48.8% 2020A 50.4% 2021A 50.3% 48.2% 120bps 1,290bps 160bps (10bps) Record high in Q1 2023 2022A Q1 2022A Q1 2023A While being margin accretive 52.2% 410bps 35 %

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