Kistler Vineyards: A California Winery Producing a Variety of Wines Tiburon Research April 8, 2019

Kistler Vineyards Comments 2 Founded in 1978 Based in Sebastopol, CA 25,000 cases produced Web site: www.kistlervineyards.com Source: 12/30/11 Kistler Vineyards Web Site; 4/14/09 Kistler Vineyards Web Site; Tiburon Research & Analysis 2

Kistler Vineyards History Kistler Vineyards was Founded in 1978 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Kistler Vineyards History Kistler Vineyards Founded Kistler Vineyards Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: XXXX: Kistler Vineyards founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 3

Kistler Vineyards was Founded in 1978 Comments Founded in 1978 Based in Sebastopol, CA 3,500 cases produced Source: 12/30/11 Kistler Vineyards Web Site; 4/14/09 Kistler Vineyards Web Site; Tiburon Research & Analysis 4

Kistler Vineyards is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

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

Kistler Vineyards is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 7

Kistler Vineyards Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Kistler Vineyards Has Employees Needs data Kistler Vineyards Employees Source: Tiburon Research & Analysis 9

Kistler Vineyards Has Planted Acres Needs data Kistler Vineyards Planted Acres Source: Tiburon Research & Analysis 10

Kistler Vineyards Produces Tons of Grapes Needs data Kistler Vineyards Tons of Grapes Source: Tiburon Research & Analysis 11

Kistler Vineyards Produces Gallons of Wine Needs data Kistler Vineyards Gallons of Wine Source: Tiburon Research & Analysis 12

Kistler Vineyards Produces Cases Needs data Kistler Vineyards Cases Produced Source: Tiburon Research & Analysis 13

Kistler Vineyards Generates Revenues Needs data Kistler Vineyards Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

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

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

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

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

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

Kistler Vineyards Has Assets Needs data Kistler Vineyards Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Kistler Vineyards Has Liabilities Needs data Kistler Vineyards Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

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

Kistler Vineyards Earns … Per Share Needs data Kistler Vineyards Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Kistler Vineyards Declares … Dividends Per Share Needs data Kistler Vineyards Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Kistler Vineyards Has a … Dividend Yield Needs data Kistler Vineyards Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Kistler Vineyards’s Stock Price is … Needs data Kistler Vineyards Stock Price Source: Tiburon Research & Analysis 28 28 28

Kistler Vineyards Has … Shares Outstanding Needs data Kistler Vineyards Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

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

Kistler Vineyards’s Stock Volume is…. Needs data Kistler Vineyards 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