Sine Qua Non: A California Winery Producing a Variety of Wines Tiburon Research May 21, 2019

Sine Qua Non Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

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

Sine Qua Non was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Sine Qua Non is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

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

Sine Qua Non is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Sine Qua Non Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Sine Qua Non Has Employees Source: Tiburon Research & Analysis 9

Sine Qua Non Has Planted Acres Source: Tiburon Research & Analysis 10

Sine Qua Non Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Sine Qua Non Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Sine Qua Non Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Sine Qua Non Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

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

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

Sine Qua Non’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Sine Qua Non’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

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

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

Sine Qua Non is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Sine Qua Non Assets ($ Millions) Sine Qua Non Has Assets Sine Qua Non Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Sine Qua Non Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Sine Qua Non Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Sine Qua Non Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Sine Qua Non Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Sine Qua Non Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Sine Qua Non’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Sine Qua Non Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

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

Sine Qua Non is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Sine Qua Non’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