Carmim: A Winery Producing a Variety of Wines Tiburon Research January 17, 2019

Carmim Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

Carmim was Founded in XXXX and Has Subsequently Evolved through its Early, Middle, & Recent Phases History Carmim Founded Carmim Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: XXXX: Carmim founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 3

Carmim was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Carmim is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

Carmim Has a Web Site with XXXX Core Sections, Including __ -- -- -- -- - -- Source: Tiburon Research & Analysis 6

Carmim Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 7

Carmim is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 8

Carmim Has Employees Carmim Employees 9 Source: Tiburon Research & Analysis 9

Carmim Has Planted Acres Source: Tiburon Research & Analysis 10

Carmim Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Carmim Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Carmim Produces Cases Carmim Cases Produced 13 Source: Tiburon Research & Analysis 13

Carmim Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Carmim Earns $___ Million Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

Carmim Produces a Number of Varietals, Including… -- -- -- -- -- Source: Tiburon Research & Analysis 16

Carmim’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Carmim’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

Carmim is Led by its CEO… Organizational Chart -- -- -- -- -- -- Source: Tiburon Research & Analysis 19

Carmim Has a Board of Directors Led by its Chairman… -- -- -- -- -- -- -- -- -- -- Source: Tiburon Research & Analysis

Carmim is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Carmim Assets ($ Millions) Carmim Has Assets Carmim Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Carmim Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Carmim Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Carmim Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Carmim Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Carmim Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Carmim’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Carmim Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Carmim’s Market Capitalization is … ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Carmim Ownership By Owner Carmim is Owned by …. Carmim Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Carmim’s Stock Volume is…. Source: Tiburon Research & Analysis 32 32 32

Tiburon Strategic Advisors Comments Focus on corporate-level strategy Serve senior executives only at financial services companies Key services: market seminars, market research, & strategy consulting Served over 450 corporate clients and completed over 2,200 projects since 1998 Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors Chip Roame background McKinsey & Company Charles Schwab & Company Tiburon since 1998 Source: Tiburon Research & Analysis 33 33