Lewis Cellars: A California Winery Producing a Variety of Wines Tiburon Research April 11, 2019

Lewis Cellars Comments 2 Founded in 1992 Founded by Debbie and Randy Lewis Based in Sonoma, CA Produces 5,000 cases annually Web site: www.lewiscellars.com Source: 5/18/12 Lewis Cellars Web Site; 12/01 Wine Spectator; Tiburon Research & Analysis 2

Lewis Cellars was Founded in 1992 and Has Subsequently Evolved through its Early, Middle, & Recent Phases Lewis Cellars History Lewis Cellars Founded Lewis Cellars Today Early Phase Middle Phase Recent Phase Approximate Dates: 1992 XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: 1992: Lewis Cellars founded XXXX: -- XXXX: -- XXXX: -- Source: 5/18/12 Lewis Cellars Web Site; Tiburon Research & Analysis 3

Lewis Cellars was Founded in 1992 Comments Founded in 1992 Founded by Debbie and Randy Lewis Based in Sonoma, CA Source: 5/18/12 Lewis Cellars Web Site; 12/01 Wine Spectator; Tiburon Research & Analysis 4

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

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

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

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

Lewis Cellars Has Employees Needs data Lewis Cellars Employees Source: Tiburon Research & Analysis 9

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Lewis Cellars’s Stock Volume is…. Needs data Lewis Cellars 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