Jaffurs: A California Winery Producing a Variety of Wines Tiburon Research April 3, 2019

Jaffurs Comments 2 Founded in XXXX Based in Santa Barbara, CA Web site: www.jaffurswine.com Source: 12/9/11 Jaffurs Wine Cellers Web Site; 12/31/04 Wine Spectator; Tiburon Research & Analysis 2

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

Jaffurs was Founded in XXXX Comments Founded in XXXX Based in Santa Barbara, CA Source: 12/9/11 Jaffurs Wine Cellers Web Site; 12/31/04 Wine Spectator; Tiburon Research & Analysis 4

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Jaffurs’s Stock Volume is…. Needs data Jaffurs 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