Grgich Hills Cellar: A California Winery Producing a Variety of Wines Tiburon Research March 28, 2019

Grgich Hills Cellar Comments 2 Founded in XXXX Founded by Mike Grgich & Austin Hills Based in Napa, CA Proprietor: Mike Grgich Web site: www.grgich.com Source: 9/11/12 Grgich Hills Web Site; 4/15/07 Grgich Hills Web Site; 5/19/01 Ambrosia Catalog; 5/18/01 San Francisco Chronicle; 4/19/01 Ambrosia Catalog; 1/24/01 Wall Street Journal; 1/21/01 San Francisco Chronicle; Tiburon Research & Analysis 2

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

Grgich Hills Cellar was Founded in XXXX Comments Founded in XXXX Founded by Mike Grgich & Austin Hills Based in XXXX Source: 4/15/07 Grgich Hills Web Site; 5/19/01 Ambrosia Catalog; 5/18/01 San Francisco Chronicle; 4/19/01 Ambrosia Catalog; 1/24/01 Wall Street Journal; 1/21/01 San Francisco Chronicle; Tiburon Research & Analysis 4

Grgich Hills Cellar is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

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

Grgich Hills Cellar is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Grgich Hills Cellar Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Grgich Hills Cellar Has Employees Source: Tiburon Research & Analysis 9

Grgich Hills Cellar Has Planted Acres Source: Tiburon Research & Analysis 10

Grgich Hills Cellar Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Grgich Hills Cellar Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Grgich Hills Cellar Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Grgich Hills Cellar Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Grgich Hills Cellar Earns $___ Million Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

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

Grgich Hills Cellar’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Grgich Hills Cellar’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Grgich Hills Cellar is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Grgich Hills Cellar Has Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Grgich Hills Cellar Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Grgich Hills Cellar Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Grgich Hills Cellar Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Grgich Hills Cellar Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Grgich Hills Cellar Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Grgich Hills Cellar’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Grgich Hills Cellar Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Grgich Hills Cellar’s Market Capitalization is … ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Grgich Hills Cellar is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Grgich Hills Cellar’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