Chauffe-Eau Cellars: A California Winery Producing a Variety of Wines Tiburon Research February 28, 2019

Chauffe-Eau Cellars Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

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

Chauffe-Eau Cellars was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Chauffe-Eau Cellars is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

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

Chauffe-Eau Cellars is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 7

Chauffe-Eau Cellars Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Chauffe-Eau Cellars Has Employees Needs data Chauffe-Eau Cellars Employees Source: Tiburon Research & Analysis 9

Chauffe-Eau Cellars Has Planted Acres Needs data Chauffe-Eau Cellars Planted Acres Source: Tiburon Research & Analysis 10

Chauffe-Eau Cellars Produces Tons of Grapes Needs data Chauffe-Eau Cellars Tons of Grapes Source: Tiburon Research & Analysis 11

Chauffe-Eau Cellars Produces Gallons of Wine Needs data Chauffe-Eau Cellars Gallons of Wine Source: Tiburon Research & Analysis 12

Chauffe-Eau Cellars Produces Cases Needs data Chauffe-Eau Cellars Cases Produced Source: Tiburon Research & Analysis 13

Chauffe-Eau Cellars Generates Revenues Needs data Chauffe-Eau Cellars Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Chauffe-Eau Cellars Earns $___ Million Needs data Chauffe-Eau Cellars Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

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

Chauffe-Eau Cellars’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Chauffe-Eau Cellars’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Chauffe-Eau Cellars is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Chauffe-Eau Cellars Has Assets Needs data Chauffe-Eau Cellars Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Chauffe-Eau Cellars Has Liabilities Needs data Chauffe-Eau Cellars Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Chauffe-Eau Cellars Has Shareholders’ Equity Needs data Chauffe-Eau Cellars Shareholders Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Chauffe-Eau Cellars Earns … Per Share Needs data Chauffe-Eau Cellars Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Chauffe-Eau Cellars Declares … Dividends Per Share Needs data Chauffe-Eau Cellars Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Chauffe-Eau Cellars Has a … Dividend Yield Needs data Chauffe-Eau Cellars Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Chauffe-Eau Cellars’s Stock Price is … Needs data Chauffe-Eau Cellars Stock Price Source: Tiburon Research & Analysis 28 28 28

Chauffe-Eau Cellars Has … Shares Outstanding Needs data Chauffe-Eau Cellars Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Chauffe-Eau Cellars’s Market Capitalization is … Needs data Chauffe-Eau Cellars Market Capitalization ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Chauffe-Eau Cellars is Owned by …. Needs real data Chauffe-Eau Cellars Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Chauffe-Eau Cellars’s Stock Volume is…. Needs data Chauffe-Eau Cellars Stock Volume 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