Far Niente: A California Winery Producing a Variety of Wines Tiburon Research March 15, 2019

Far Niente Comments 2 Founded in 1885 Founded by Gil Nickel Based in Oakville, CA (Napa, CA) Source: 4/24/07 Far Niente Web Site; 4/19/03 Long Meadow Ranch Web Site; 5/18/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; 1/24/01 Wall Street Journal; Tiburon Research & Analysis 2

Far Niente was Founded in 1885 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Far Niente History Far Niente Founded Far Niente Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: 1885: Far Niente founded XXXX: -- XXXX: -- XXXX: -- Source: 4/24/07 Far Niente Web Site; 4/19/03 Long Meadow Ranch Web Site; 5/18/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; 1/24/01 Wall Street Journal; Tiburon Research & Analysis 3

Far Niente was Founded in 1885 Comments Founded in 1885 Founded by Gil Nickel Based in XXXX Source: 4/24/07 Far Niente Web Site; 4/19/03 Long Meadow Ranch Web Site; 5/18/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; 1/24/01 Wall Street Journal; Tiburon Research & Analysis 4

Far Niente is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

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

Far Niente is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 7

Far Niente Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Far Niente Has Employees Needs data Far Niente Employees Source: Tiburon Research & Analysis 9

Far Niente Has Planted Acres Needs data Far Niente Planted Acres Source: Tiburon Research & Analysis 10

Far Niente Produces Tons of Grapes Needs data Far Niente Tons of Grapes Source: Tiburon Research & Analysis 11

Far Niente Produces Gallons of Wine Needs data Far Niente Gallons of Wine Source: Tiburon Research & Analysis 12

Far Niente Produces Cases Needs data Far Niente Cases Produced Source: Tiburon Research & Analysis 13

Far Niente Generates Revenues Needs data Far Niente Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Far Niente Earns $___ Million Needs data Far Niente Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

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

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

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

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

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

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

Far Niente Assets ($ Millions) Far Niente Has Assets Needs data Far Niente Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Far Niente Has Liabilities Needs data Far Niente Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Far Niente Has Shareholders’ Equity Needs data Far Niente Shareholders Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Far Niente Earns … Per Share Needs data Far Niente Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Far Niente Declares … Dividends Per Share Needs data Far Niente Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Far Niente Has a … Dividend Yield Needs data Far Niente Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Far Niente’s Stock Price is … Needs data Far Niente Stock Price Source: Tiburon Research & Analysis 28 28 28

Far Niente Has … Shares Outstanding Needs data Far Niente Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Far Niente’s Market Capitalization is … Needs data Far Niente Market Capitalization ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Far Niente Ownership By Owner Far Niente is Owned by …. Needs real data Far Niente Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Far Niente’s Stock Volume is…. Needs data Far Niente 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