Bodegas Arzuaga: A Winery Producing a Variety of Wines Tiburon Research November 20, 2018

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

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

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

Bodegas Arzuaga is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

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

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

Bodegas Arzuaga is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 8

Bodegas Arzuaga Has Employees Needs data Bodegas Arzuaga Employees Source: Tiburon Research & Analysis 9

Bodegas Arzuaga Has Planted Acres Needs data Bodegas Arzuaga Planted Acres Source: Tiburon Research & Analysis 10

Bodegas Arzuaga Produces Tons of Grapes Needs data Bodegas Arzuaga Tons of Grapes Source: Tiburon Research & Analysis 11

Bodegas Arzuaga Produces Gallons of Wine Needs data Bodegas Arzuaga Gallons of Wine Source: Tiburon Research & Analysis 12

Bodegas Arzuaga Produces Cases Needs data Bodegas Arzuaga Cases Produced Source: Tiburon Research & Analysis 13

Bodegas Arzuaga Generates Revenues Needs data Bodegas Arzuaga Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

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

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

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

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

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

Bodegas Arzuaga Has Assets Needs data Bodegas Arzuaga Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Bodegas Arzuaga Has Liabilities Needs data Bodegas Arzuaga Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

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

Bodegas Arzuaga Earns … Per Share Needs data Bodegas Arzuaga Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Bodegas Arzuaga Declares … Dividends Per Share Needs data Bodegas Arzuaga Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Bodegas Arzuaga Has a … Dividend Yield Needs data Bodegas Arzuaga Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Bodegas Arzuaga’s Stock Price is … Needs data Bodegas Arzuaga Stock Price Source: Tiburon Research & Analysis 28 28 28

Bodegas Arzuaga Has … Shares Outstanding Needs data Bodegas Arzuaga Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

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

Bodegas Arzuaga’s Stock Volume is…. Needs data Bodegas Arzuaga 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