2

«We go where our customers want us to be» Our customers are expecting from us product innovation, consistency, outstanding quality and service, convenience. This is our task. And we want to accomplish it in a profitable way.

Vision

A branded bottle of ours everywhere,

to enjoy a moment and share emotions.

3

Mission

Creating distintictive brands, beloved by our clients.

Our entire team at any level strives to get to this goal. Creating and

positioning unique products in terms of quality and style, tailor made

for our clients. We are Italian Wine Brands, our name is a promise,

that we want to honour.

4

Vision + Mission

To be anywhere wine is consumed > invest in distribution

With our brands > invest in brand equity

Make clients happy > create products with soul

5

6

SOME OF OUR BRANDS

7

IWB – Business Model BUSINESS MODEL – THE VALUE CHAIN

DISTRIBUTION

GRAPES TREATMENT

WINE-MAKING

BOTTLING

AGRICULTURAL ACTIVITY

GRAPES PRODUCTION

HERE IS

WHERE WE

ARE

WE ARE NOT INVESTED IN

AGRICULTURAL ACTIVITY

DISTANCE

SELLING

WHOLESALE Europe – 2017

Eur 70M Revenues

Italy and Europe – 2017

Eur 80M Revenues

~65% internally / ~35% outsourced

8

SALE CHANNELS Distance Selling

WEB -> since 2002 the fastest-growing channel,

chosen by 30% of our customers

TELE-SELLING -> 6m contacts/year; 0.5m active clients in 9

countries and in 5 languages

MAILING -> more than 18m catalogs & brochures sent every

year to 1m clients in 9 countries and in 5 languages

1° ITALIAN ON-LINE PLAYER, AMONG THE FIRST 3 EUROPEAN

9

SOME OF OUR CLIENTS

SALE CHANNELS Wholesale

off-trade international channel

on-trade international channel

10

TWO WINERIES

200,000 Hl WINE STORAGE

TWO WINERIES, ONE IN THE

SOUTH AND ONE IN THE NORTH

OF ITALY, WORTHING ABOUT

EUR 40M BY AMERICAN APPRAISAL AND CBRE.

11

MORE THAN 3,000 OAK

BARRIQUES FOR AGEING

THE LANGHE, UNESCO HERITAGE

SITE, HOME OF BAROLO

12

TWO BOTTLING

LINES

with a total capacity of bottles per hour

20,000

13

square meters total surface

Of which 40,000 covered, dedicated to

Packaging and delivery to clients

• 17,000 pallets stock capacity

• 8 laser guided vehicles for picking

• 1 new automatic packaging line (2,000 packages per hour)

• 3.2 m products and 1.1 m orders processed every year

100,000

A UNIQUE LOGISTIC HUB FOR THE DISTANCE SELLING

14

QUALITY AND AWARDS

CERTIFIED QUALITY

- ISO 90002 and BRC-IFS certified and full product traceability

- Best Italian Wine Producer 2012, 2013, 2014, 2015, 2016 and

2017 at the Berliner Wine Trophy

- Over 100 gold medals in international challengers

- A very skilled winemaking team, dedicated to customizing the

tasting profile

FOR US QUALITY MEANS

CONSISTENT RESULTS

• Long term business relationships with top retailers and wine companies worldwide

• Full spectrum pricing on Award Winning Wines

METRICS AND METHOD

• Highest security and food safety standards

• Significant investment in process, technology, equipment and facilities

• Tailored operations to meet demanding customer specs

• Complete product analysis and quality control at every step

15

IWB – Group Structure

Giordano

Vini S.p.A.

ITALIAN WINE BRANDS S.p.A.

Provinco

Italia S.p.A.

IWB IS LISTED AT MILAN STOCK EXCHANGE - AIM MARKET

MAIN SHAREHOLDERS

Provinco S.r.l. 9.08%

IPOC S.r.l. 8.67%

Praude Asset Management LLC 5.20%

Market 77.05%

> 75% FLOATING SHARE CAPITAL

MORE THAN 700 INVESTORS

BOTH PRIVATE AND INSTITUTIONALS

Target

Y …

Target

X

100% 100%

16

IWB – Governance

Name Role

Alessandro Mutinelli Chairman and Group CEO

Simone Strocchi Vice – Chairman

Pier Paolo Quaranta Director

Angela Oggionni Director

Massimiliano Mutinelli Director

Antonella Lillo Indipendent Director

Carlo Giordano Indipendent Director

Board of Directors

The BoD was renewed by the General Shareholders’ meeting last 13 April

2018 with a three-year mandate.

The BoD is compliant with gender diversity and best practices on

independent directorship.

Related Parties Committee

Name Role

Carlo Giordano Committee Chair

Antonella Lillo Member

Angela Oggionni Member

The BoD estabilished a Related Parties Committee on a voluntary

compliance basis.

17

IWB – Group Management Team

TITLE MANAGER PROFESSIONAL BACKGROUND

Pier Paolo Quaranta

(42)

Loris Delvai

(49)

Giuseppe Sibilla

(50)

Massimo Morra

(52)

Alessandro Mutinelli

(52)

Giordano Vini CEO, MD

Chief Quality Officer

Chief Operating Officer

CFO

Group CEO, MD

After graduating at the University of Trento in Business Administration in 1991, Alessandro became chartered accountant

in 1992. He began his career as an auditor in Deloitte from 1992 to 1994. In 1996 he joined the start-up in the wine sector

Provinco Italia Srl and in 2002 became its shareholder (40%). In 2011, Alessandro became majority shareholder of the

company (82%), leading with success its growth, organization and marketing activities. In 2015 Alessandro sold Provinco

Italia to IWB and simultaneosly became major shareholder of the Group and Group CEO.

After graduating at Turin University in 1998, Pier Paolo joined Arthur Andersen as an auditor. He then moved to financial

industry firstly joining UniCredit Group – Investment banking division (2001-2006) and then two italian private equity funds

as a Partner (2006-2016). In his career, Pier Paolo led many investments and dismissals of industrial companies and has

been appointed as a Board Member in mid sized company such as Manutencoop Facility Management, Industrie Chimiche

Forestali, Sirti and Giordano Vini. He joined IWB as CEO of Giordano and MD at the end of 2016.

Loris holds a degree in biology from University of Padua. Winemaker and enologist he worked as a consultant for a number

of wineries from 1990 to 2002. In 2003, Loris joined Provinco Italia and in 2004 became quality control manager of the

company. In 2011 he became minority shareholder of the company and sold the company to IWB alongside Alessandro

Mutinelli. At the beginning of 2018 Loris was appointed Chief Quality Officer of the group with overall responsibility upon

bulk wine purchases.

Giuseppe holds a degree in Business Adiministration and is a chartered accountant. From 1992 to 2005 he worked with

multinational companies operating in the autoparts distribution (GEA Gmbh, Norauto, Midas) as an operation and logistic

manager. In 2005 he was appointed as Logistic Director of Giordano Vini and in 2015 became general Manager of the

company. At the beginning of 2018 he became COO of the group with overall responsibility over purchases, personnel and

logistics.

Massimo holds a degree in Business Administration and is a chartered accountant. He began its career in Banco di Roma

in 1991 and then moved to a consultancy company until 2007. In that year he became CFO of Euphon SpA, a listed

company on the Milan Stock Exchange. In 2016 Massimo joined Giordano Vini and became group CFO in 2017.

18

This number includes the shares deriving form the conversion of all IWB warrants at their maximum value, occurred April - June 2018.

SECURITIES

7,402,077 NR OF IWB ORDINARY SHARES AIM ITALIA MAC - ISIN CODE IT0005075764