Mc Dowell Valley Vineyards A California Winery Producing

Mc. Dowell Valley Vineyards': A California Winery Producing a Variety of Wines Tiburon Research May 26, 2019

Mc. Dowell Valley Vineyards' Comments • Founded in XXXX • Based in XXXX Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 2

Mc. Dowell Valley Vineyards' was Founded in XXXX and Has Subsequently Evolved through its Early, Middle, & Recent Phases Mc. Dowell Valley Vineyards' History Mc. Dowell Valley Vineyards' Founded Approximate Dates: Key Steps: Early Phase XXXX • XXXX: Mc. Dowell XXXX - XXXX • XXXX: -- Middle Phase XXXX - XXXX • XXXX: -- Recent Phase XXXX - 2019 Mc. Dowell Valley Vineyards' Today 2019 • XXXX: -- Valley Vineyards' founded Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 3

Mc. Dowell Valley Vineyards' was Founded in XXXX Comments • Founded in XXXX • Based in XXXX Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 4

Mc. Dowell Valley Vineyards' is Not a Frequent Advertiser Comments • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 5

Mc. Dowell Valley Vineyards' Has a Web Site with XXXX Core Sections, Including __ Mc. Dowell Valley Vineyards' Web Site -- -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 6

Mc. Dowell Valley Vineyards' is Not a Frequent Acquirer Comments • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 7

Mc. Dowell Valley Vineyards' Has a Charitable Giving Program Comments • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 8

Mc. Dowell Valley Vineyards' Has Employees Mc. Dowell Valley Vineyards' Employees Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 9

Mc. Dowell Valley Vineyards' Has Planted Acres Mc. Dowell Valley Vineyards' Planted Acres Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 10

Mc. Dowell Valley Vineyards' Produces Tons of Grapes Mc. Dowell Valley Vineyards' Tons of Grapes Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 11

Mc. Dowell Valley Vineyards' Produces Gallons of Wine Mc. Dowell Valley Vineyards' Gallons of Wine Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 12

Mc. Dowell Valley Vineyards' Produces Cases Mc. Dowell Valley Vineyards' Cases Produced Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 13

Mc. Dowell Valley Vineyards' Generates Revenues Mc. Dowell Valley Vineyards' Revenues ($ Millions) Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 14

Mc. Dowell Valley Vineyards' Earns $___ Million Mc. Dowell Valley Vineyards' Net Profits ($ Millions) Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 15

Mc. Dowell Valley Vineyards' Produces a Number of Varietals, Including… Mc. Dowell Valley Vineyards' Varietals -- -- -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 16

Mc. Dowell Valley Vineyards' First Varietal is ___ Comments • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 17

Mc. Dowell Valley Vineyards' Second Varietal is ___ Comments • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 18

Mc. Dowell Valley Vineyards' is Led by its CEO… Mc. Dowell Valley Vineyards' Organizational Chart -- -- -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 19

Mc. Dowell Valley Vineyards' Has a Board of Directors Led by its Chairman… Mc. Dowell Valley Vineyards' Board of Directors -- • -- -- • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 20

Mc. Dowell Valley Vineyards' is Privately Owned Comments • -- Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 21

Mc. Dowell Valley Vineyards' Has Assets Mc. Dowell Valley Vineyards' Assets ($ Millions) Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 22

Mc. Dowell Valley Vineyards' Has Liabilities Mc. Dowell Valley Vineyards' Liabilities ($ Millions) Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 23

Mc. Dowell Valley Vineyards' Has Shareholders’ Equity Mc. Dowell Valley Vineyards' Shareholders Equity ($ Millions) Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 24

Mc. Dowell Valley Vineyards' Earns … Per Share Mc. Dowell Valley Vineyards' Earnings Per Share Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 25

Mc. Dowell Valley Vineyards' Declares … Dividends Per Share Mc. Dowell Valley Vineyards' Dividends Per Share Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 26

Mc. Dowell Valley Vineyards' Has a … Dividend Yield Mc. Dowell Valley Vineyards' Dividend Yield Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 27

Mc. Dowell Valley Vineyards' Stock Price is … Mc. Dowell Valley Vineyards' Stock Price Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 28

Mc. Dowell Valley Vineyards' Has … Shares Outstanding Mc. Dowell Valley Vineyards' Shares Outstanding Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 29

Mc. Dowell Valley Vineyards' Market Capitalization is … Mc. Dowell Valley Vineyards' Market Capitalization ($ Millions) Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 30

Mc. Dowell Valley Vineyards' is Owned by …. Mc. Dowell Valley Vineyards' Ownership By Owner Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 31

Mc. Dowell Valley Vineyards' Stock Volume is…. Mc. Dowell Valley Vineyards' Stock Volume Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 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 - Mc. Kinsey & Company - Charles Schwab & Company - Tiburon since 1998 Source: Tiburon Research & Analysis 19. 05. 26 – Mc. Dowell Valley Vineyards' © Tiburon Strategic Advisors, LLC™ 33