Inglenook: A California Winery Producing a Variety of Wines Tiburon Research April 2, 2019

Inglenook Comments 2 Founded in 1879 Founded by Gustave Niebaum Based in Rutherford, CA (Napa, CA) Formerly Niebaum-Coppola Estates Winery & Vineyards and Rubicon Estate Movie memorabilia on view in a movie museum on the second floor of the chateau Makes line of inexpensive wines: Coppola 200,000 case volume (#24) 195 California acres 100 employees $20 million revenues Brands include Niebaum-Coppola and Rubicon Owned by Francis Ford Coppola President: Eric Martin Web Site: www.niebaum-coppola.com, www.inglenook.com, & www.franciscoppolawinery.com Source: 1/6/12 Wikipedia; 1/6/12 Inglenook Web Site; 10/15/03 Wine Spectator; 12/31/02 Wine & Spirits; 6/21/02 San Francisco Chronicle; 5/19/01 Ambrosia Catalog; 5/15/01 Wine Spectator; 4/20/01 San Francisco Business Times; 4/19/01 Ambrosia Catalog; 1/21/01 San Francisco Chronicle; Tiburon Research & Analysis 2

Inglenook was Founded in 1879 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Inglenook History Inglenook Founded Inglenook Today Early Phase Middle Phase Recent Phase Approximate Dates: 1879 1880 - 1974 1975 - 1994 1995 - 2019 2019 Key Steps: 1879: Inglenook founded 1908: Shut down during prohibition 1975: Acquired by Francis Ford Coppola in 1975 1995: Inglenook name changed to Niebaum-Coppola Estate Winery 2007: Niebaum-Coppola Estate Winery name changed to Rubicon Estate 2011: Name changed back to Inglenook Source: 1/6/12 Inglenook Web Site; 1/6/12 Wikipedia; Tiburon Research & Analysis 3

Inglenook was Founded in 1879 Comments Founded in 1879 Founded by Gustave Niebaum Based in Rutherford, CA (Napa, CA) Source: 1/6/12 Wikipedia; 1/6/12 Inglenook Web Site; 10/15/03 Wine Spectator; 12/31/02 Wine & Spirits; 6/21/02 San Francisco Chronicle; 5/19/01 Ambrosia Catalog; 5/15/01 Wine Spectator; 4/20/01 San Francisco Business Times; 4/19/01 Ambrosia Catalog; 1/21/01 San Francisco Chronicle; Tiburon Research & Analysis 4

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

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

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

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

Inglenook Has Employees Source: Tiburon Research & Analysis 9

Inglenook Has Planted Acres Source: Tiburon Research & Analysis 10

Inglenook Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Inglenook Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Inglenook Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Inglenook Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

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

Inglenook’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