Arrowood Vineyards: A California Winery Producing a Variety of Wines Tiburon Research February 19, 2019

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

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

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

Arrowood Vineyards is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

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

Arrowood Vineyards is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 7

Arrowood Vineyards Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Arrowood Vineyards Has Employees Needs data Arrowood Vineyards Employees Source: Tiburon Research & Analysis 9

Arrowood Vineyards Has Planted Acres Needs data Arrowood Vineyards Planted Acres Source: Tiburon Research & Analysis 10

Arrowood Vineyards Produces Tons of Grapes Needs data Arrowood Vineyards Tons of Grapes Source: Tiburon Research & Analysis 11

Arrowood Vineyards Produces Gallons of Wine Needs data Arrowood Vineyards Gallons of Wine Source: Tiburon Research & Analysis 12

Arrowood Vineyards Produces Cases Needs data Arrowood Vineyards Cases Produced Source: Tiburon Research & Analysis 13

Arrowood Vineyards Generates Revenues Needs data Arrowood Vineyards Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

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

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

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

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

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

Arrowood Vineyards Has Assets Needs data Arrowood Vineyards Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Arrowood Vineyards Has Liabilities Needs data Arrowood Vineyards Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

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

Arrowood Vineyards Earns … Per Share Needs data Arrowood Vineyards Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Arrowood Vineyards Declares … Dividends Per Share Needs data Arrowood Vineyards Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Arrowood Vineyards Has a … Dividend Yield Needs data Arrowood Vineyards Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Arrowood Vineyards’s Stock Price is … Needs data Arrowood Vineyards Stock Price Source: Tiburon Research & Analysis 28 28 28

Arrowood Vineyards Has … Shares Outstanding Needs data Arrowood Vineyards Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

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

Arrowood Vineyards’s Stock Volume is…. Needs data Arrowood Vineyards 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