Grove Investor Presentation Deck
$450
$300
$150
$0
($150)
We Are Focused on Profitable, 10%+ Long Term Growth
PHASE I: INNOVATE + SCALE()
Adj. EBITDA
$364
$233
aill
$105
Net Revenue
($78)
2018A
($145)
2019A
($54)
2020A
$384
($109)
2021A
$450
Note: Projection periods represent midpoint of guidance
(1) Adj. EBITDA is a non-GAAP metric; please refer to Appendix for definitional breakdown
$300
$150
$0
PHASE 2: DRIVE TO SCALABLE PROFITABILITY()
($150)
Net Revenue
$305
($93)
Adj. EBITDA
$305
|||
53%
($49M)
gain y/y in
Adj. EBITDA
2022E
($44)
$345
2023E
13%
growth y/y
+
profitable
100%
($45M)
gain y/y in
Adj. EBITDA
$1
Projected
breakeven in
2024
2024E
PHASE 3: PROFITABLE GROWTH
10-30%
revenue growth
Profitable
with trend to double digit
EBITDA
Phase 3 value creation plan will drive profitable growth, above the industry averages
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