Grove SPAC Presentation Deck

Sustained Long-term Growth and Profitability Metric (1) Revenue Growth Gross Margin SG&A: Fulfillment Cost SG&A: Other (2) Advertising Spend Adj. EBITDA Margin Notes: I. All metrics excluding revenue growth are calculated as a percentage of net revenue 2. Excludes depreciation, amortization and stock based compensation expense 2020A 56% 48% 27% 21% 15% (15%) 2022E 12% 51% 26% 28% 27% (30%) 2024E Long-term target 26% 56% 19% 20% 17% 0% 20-30% 55-60% 15-20% 10-15% 10-15% 15-25% 51 8

View entire presentation