Grove Results Presentation Deck

Q3 Fiscal 2022 • Financial Highlights 0.0% -20.0% -40.0% -60.0% -80.0% ADJUSTED EBITDA MARGIN -62.1% 2019 -14.8% 2020 -28.4% 2021 -32.8% Q3-2021 -12.4% Q3-2022 Adjusted EBITDA Margin improved 2,040 bps year-over-year, driven primarily by reduced operating and advertising costs, offset by a lower gross margin and higher outbound shipping costs. 25.0% ון 0.0% -25.0% -50.0% NET INCOME/LOSS MARGIN -75.0% -69.3% 2019 -19.8% 2020 -35.4% 2021 -39.4% Q3-2021 9.9% Q3-2022 000 Net Income/Loss Margin improved 4.930 4,930 bps year-over-year, primarily driven due to improved Adjusted EBITDA margin and the decrease in the fair value of the Earn-Out liability. 11

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