Frias Vineyards: A California Winery Producing a Variety of Wines Tiburon Research March 23, 2019

Frias Vineyards Comments 2 Founded in 1991 Based in Saint Helena, CA (Napa, CA) Web site: www.friasfamilyvineyard.com Source: 9/11/12 Frias Vineyards Web Site; 4/14/07 Frias Family Vineyard; 5/18/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; Tiburon Research & Analysis 2

Frias Vineyards History Frias Vineyards was Founded in 1991 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Frias Vineyards History Frias Vineyards Founded Frias Vineyards Today Early Phase Middle Phase Recent Phase Approximate Dates: 1991 XXXX - XXXX XXXX - XXXX XXXX - 2014 2014 Key Steps: 1991: Frias Vineyards founded XXXX: -- XXXX: -- XXXX: -- Source: 9/11/12 Frias Vineyards Web Site; 4/14/07 Frias Family Vineyard; 5/18/01 Ambrosia Catalog; 4/19/01 Ambrosia Catalog; Tiburon Research & Analysis 3

Frias Vineyards was Founded in 1991 Comments Founded in 1991 Based in XXXX Source: 9/11/12 Frias Vineyards Web Site; Tiburon Research & Analysis 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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