Lancers: A Winery Producing a Variety of Wines Tiburon Research January 6, 2019

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

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

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

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

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

Lancers Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 7

Lancers is Not a Frequent Acquirer Acquisitions Comments -- Source: Tiburon Research & Analysis 8

Lancers Has Employees Lancers Employees 9 Needs data Source: Tiburon Research & Analysis 9

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Lancers’s Stock Volume is…. Needs data Lancers 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