Cakebread Cellars: A California Winery Producing a Variety of Wines Tiburon Research February 25, 2019

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

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

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

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

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

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

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

Cakebread Cellars Has Employees Needs data Cakebread Cellars Employees Source: Tiburon Research & Analysis 9

Cakebread Cellars Has Planted Acres Needs data Cakebread Cellars Planted Acres Source: Tiburon Research & Analysis 10

Cakebread Cellars Produces Tons of Grapes Needs data Cakebread Cellars Tons of Grapes Source: Tiburon Research & Analysis 11

Cakebread Cellars Produces Gallons of Wine Needs data Cakebread Cellars Gallons of Wine Source: Tiburon Research & Analysis 12

Cakebread Cellars Produces Cases Needs data Cakebread Cellars Cases Produced Source: Tiburon Research & Analysis 13

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

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

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

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

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

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

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

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

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

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

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

Cakebread Cellars Earns … Per Share Needs data Cakebread Cellars Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Cakebread Cellars Declares … Dividends Per Share Needs data Cakebread Cellars Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Cakebread Cellars Has a … Dividend Yield Needs data Cakebread Cellars Dividend Yield Source: Tiburon Research & Analysis 27 27 27

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

Cakebread Cellars Has … Shares Outstanding Needs data Cakebread Cellars Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

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

Cakebread Cellars’s Stock Volume is…. Needs data Cakebread 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