Evening Land: A California Winery Producing a Variety of Wines Tiburon Research March 14, 2019

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

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

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

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

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

Evening Land is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Evening Land Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Evening Land Has Employees Source: Tiburon Research & Analysis 9

Evening Land Has Planted Acres Source: Tiburon Research & Analysis 10

Evening Land Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Evening Land Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Evening Land Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Evening Land Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

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

Evening Land’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