Robert Mondavi Corp.

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International Guild of Hospitality & Restaurant Managers

Robert Mondavi Corp. (NasdaqNM:MOND)

The Robert Mondavi Corporation (Mondavi), incorporated in 1981, is a producer of table wines. The Company is organized around three operating units: Robert Mondavi, Woodbridge and joint venture and other brands. The Robert Mondavi brand produces, markets and sells wines under the Robert Mondavi Winery and Robert Mondavi Private Selection labels. The Woodbridge brand produces, markets and sells barrel-aged varietal wines in the premium segment. The third operating unit encompasses the Company's smaller wineries including Byron in Santa Maria and Arrowood in Sonoma , as well as four international joint ventures. Mondavi produces Opus One in partnership with the Baroness Philippine de Rothschild of Chateau Mouton Rothschild of Bordeaux, France; Luce, Lucente and Danzante in partnership with Marchesi de'Frescobaldi of Tuscany , Italy , and Sena and Caliterra in partnership with the Eduardo Chadwick family of Vina Errazuriz in Chile . In July 2001, the Company formalized a joint venture with Southcorp Limited to produce, market and sell wines from Australia and from California .

During the fiscal year ended June 30, 2002 (fiscal 2002), the Company restructured its interest in Tenuta dell'Ornellaia (Ornellaia), a famous estate in the Bolgheri appellation of Tuscany that produces Ornellaia, Masseto, Le Serne Nuove, Le Volte and Paggro alle Gazze. All of the outstanding shares of Ornellaia are held by a 50/50 joint venture between the Company and Marchesi de'Frescobaldi.

Mondavi's wines are available through all principal retail channels for table wine, including fine restaurants, hotels, specialty shops, supermarkets and club stores, in all 50 states of the United States , as well as 90 countries worldwide. The Company's wines are primarily sold through distributors, which then sell to retailers and restaurateurs. Domestic sales of Mondavi's wines are made through more than 100 independent wine and spirits distributors. International sales are made through independent importers and brokers. The Company's wines are distributed in California , Florida , Pennsylvania , Nevada , Hawaii , Kentucky , Illinois and New Mexico by Southern Wine & Spirits, a large national beverage distributor.

The Company operates five wineries with total annual production capacity of approximately 11.9 million cases, including Robert Mondavi Winery, La Famiglia di Robert Mondavi, Woodbridge , Arrowood and Byron. The Opus One joint venture owns and operates the Opus One winery in Oakville , California . The Ornellaia joint venture owns and operates the Ornellaia winery in Bolgheri , Italy . The other joint ventures utilize wineries and vineyards of the partners.

Mondavi controls approximately 9,800 acres of vineyards in winegrowing regions of California , including Napa Valley , Lodi , Mendocino County , Monterey County , San Luis Obispo County , Santa Maria Valley , Santa Barbara County and Sonoma County . Approximately 9,400 acres of the Company-controlled vineyards are planted. In addition, the Company's joint ventures control approximately 1,725 acres of vineyards in the winegrowing regions of Chile , Italy and California .

The Company's winemaking philosophy is to make wines in the traditional manner by starting with fruit and handling it as gently and naturally as possible all the way to the bottle. Mondavi emphasizes traditional barrel aging as a cornerstone of its winemaking approach. Each of the Company's wineries is equipped with modern equipment and technology that is appropriate for the style and scale of the wines being produced.

Mondavi's table wines compete with Beringer Blass Wine Estates, Brown-Forman, Constellation Brands, Diageo, Kendall-Jackson and Wine Group.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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