Frog’s Leap: A California Winery Producing a Variety of Wines Tiburon Research March 25, 2019

Frog’s Leap Comments 2 Founded in XXXX Based in Rutherford, CA (Napa Valley) Owner: John Williams Web site: www.frogsleap.com Source: 4/14/07 Frog’s Leap Web Site; 6/21/02 San Francisco Chronicle; Tiburon Research & Analysis 2

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

Frog’s Leap was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Frog’s Leap is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

Frog’s Leap Has a Web Site with XXXX Core Sections, Including __ -- -- -- -- - -- Source: Tiburon Research & Analysis 6

Frog’s Leap is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Frog’s Leap Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Frog’s Leap Has Employees Source: Tiburon Research & Analysis 9

Frog’s Leap Has Planted Acres Source: Tiburon Research & Analysis 10

Frog’s Leap Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Frog’s Leap Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Frog’s Leap Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Frog’s Leap Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Frog’s Leap Earns $___ Million Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

Frog’s Leap Produces a Number of Varietals, Including… -- -- -- -- -- Source: Tiburon Research & Analysis 16

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

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

Frog’s Leap is Led by its CEO… Organizational Chart -- -- -- -- -- -- Source: Tiburon Research & Analysis 19

Frog’s Leap Has a Board of Directors Led by its Chairman… -- -- -- -- -- -- -- -- -- -- Source: Tiburon Research & Analysis

Frog’s Leap is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Frog’s Leap Assets ($ Millions) Frog’s Leap Has Assets Frog’s Leap Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Frog’s Leap Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Frog’s Leap Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Frog’s Leap Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Frog’s Leap Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Frog’s Leap Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

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

Frog’s Leap Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

Frog’s Leap is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Frog’s Leap’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