Duckhorn Wine Company: A California Winery Producing a Variety of Wines Tiburon Research March 12, 2019

Duckhorn Wine Company Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

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

Duckhorn Wine Company was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Duckhorn Wine Company is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

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

Duckhorn Wine Company is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Duckhorn Wine Company Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Duckhorn Wine Company Has Employees Source: Tiburon Research & Analysis 9

Duckhorn Wine Company Has Planted Acres Source: Tiburon Research & Analysis 10

Duckhorn Wine Company Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Duckhorn Wine Company Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Duckhorn Wine Company Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Duckhorn Wine Company Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

Duckhorn Wine Company’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Duckhorn Wine Company’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Duckhorn Wine Company is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Duckhorn Wine Company Has Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Duckhorn Wine Company Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Duckhorn Wine Company Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Duckhorn Wine Company Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Duckhorn Wine Company Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Duckhorn Wine Company Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Duckhorn Wine Company’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Duckhorn Wine Company Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

Duckhorn Wine Company is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Duckhorn Wine Company’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