Dunn-Howell: A California Winery Producing a Variety of Wines Tiburon Research March 12, 2019

Dunn-Howell Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

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

Dunn-Howell was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Dunn-Howell is Not a Frequent Advertiser Advertising Comments -- Source: Tiburon Research & Analysis 5

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

Dunn-Howell is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 7

Dunn-Howell Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Dunn-Howell Has Employees Needs data Dunn-Howell Employees Source: Tiburon Research & Analysis 9

Dunn-Howell Has Planted Acres Needs data Dunn-Howell Planted Acres Source: Tiburon Research & Analysis 10

Dunn-Howell Produces Tons of Grapes Needs data Dunn-Howell Tons of Grapes Source: Tiburon Research & Analysis 11

Dunn-Howell Produces Gallons of Wine Needs data Dunn-Howell Gallons of Wine Source: Tiburon Research & Analysis 12

Dunn-Howell Produces Cases Needs data Dunn-Howell Cases Produced Source: Tiburon Research & Analysis 13

Dunn-Howell Generates Revenues Needs data Dunn-Howell Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Dunn-Howell Earns $___ Million Needs data Dunn-Howell Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

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

Dunn-Howell’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Dunn-Howell’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Dunn-Howell is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Dunn-Howell Has Assets Needs data Dunn-Howell Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Dunn-Howell Has Liabilities Needs data Dunn-Howell Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Dunn-Howell Has Shareholders’ Equity Needs data Dunn-Howell Shareholders Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Dunn-Howell Earns … Per Share Needs data Dunn-Howell Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Dunn-Howell Declares … Dividends Per Share Needs data Dunn-Howell Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Dunn-Howell Has a … Dividend Yield Needs data Dunn-Howell Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Dunn-Howell’s Stock Price is … Needs data Dunn-Howell Stock Price Source: Tiburon Research & Analysis 28 28 28

Dunn-Howell Has … Shares Outstanding Needs data Dunn-Howell Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Dunn-Howell’s Market Capitalization is … Needs data Dunn-Howell Market Capitalization ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Dunn-Howell is Owned by …. Needs real data Dunn-Howell Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Dunn-Howell’s Stock Volume is…. Needs data Dunn-Howell 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