Broadbent: A Winery Producing a Variety of Wines Tiburon Research December 1, 2018

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

Broadbent was Founded in XXXX and Has Subsequently Evolved through its Early, Middle, & Recent Phases Profile is just a shell (needs __) (need to source __) (incorporated __); recon with ICL Broadbent History Broadbent Founded Broadbent Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: XXXX: Broadbent founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 3

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

Broadbent is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

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

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

Broadbent is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 8

Broadbent Has Employees Source: Tiburon Research & Analysis 9

Broadbent Has Planted Acres Source: Tiburon Research & Analysis 10

Broadbent Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Broadbent Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Broadbent Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Broadbent Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Broadbent Earns $___ Million Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

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

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

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

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

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

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

Broadbent Assets ($ Millions) Broadbent Has Assets Broadbent Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Broadbent Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Broadbent Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Broadbent Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Broadbent Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Broadbent Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Broadbent’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Broadbent Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Broadbent’s Market Capitalization is … ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Broadbent Ownership By Owner Broadbent is Owned by …. Broadbent Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Broadbent’s Stock Volume is…. 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

Broadbent Comments 34 Based in Portugal Makes port Product of two world renown wine experts – Michael and Bartholomew Broadbent Web site: www.broadbent-wines.com Source: 4/25/07 Broadbent Wines Web Site; 5/19/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; Tiburon Research & Analysis 34

Broadbent was Founded in XXXX and Has Evolved Through Three Phases, Including its Early, Middle, & Recent Phases Broadbent History Broadbent Founded Broadbent Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2011 2012 Key Steps: XXXX: Broadbent founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 35

Broadbent Has a Number of Businesses -- -- -- -- -- Source: Tiburon Research & Analysis 36

Broadbent Makes Port Broadbent Wines -- -- -- Port -- -- -- -- Source: 5/19/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; Tiburon Research & Analysis

Broadbent Has a Web Site -- -- -- -- -- -- -- Source: Tiburon Research & Analysis 38

Broadbent is Led by Michael and Bartholomew Broadbent Organizational Chart Michael Broadbent Co-Owner Baratholomew Broadbent Co-Owner -- -- -- -- -- Note: Michael Broadbent is also chairman of Christie’s wine department; Bartholomew is considered one of the world’s experts on port Source: 5/19/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; Tiburon Research & Analysis 39

Broadbent is Owned by Michael and Bartholomew Broadbent Comments -- Source: 5/19/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; Tiburon Research & Analysis 40