Gaja: A Winery Producing a Variety of Wines Tiburon Research March 31, 2019

Gaja Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

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

Gaja was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

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

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

Gaja Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 7

Gaja is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 8

Gaja Has Employees Gaja Employees 9 Source: Tiburon Research & Analysis 9

Gaja Has Planted Acres Gaja Planted Acres 10 Source: Tiburon Research & Analysis 10

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Gaja’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