EX-3 4 exhibit3.htm EXHIBIT 3: SEGMENT INFORMATION






















































Exhibit 3: Segment Information - Second Quarter 2008






































Beer - Chile
Beer - Argentina
Non-Alcoholics**
Wine
Spirits
Others


2008 2007
2008 2007
2008 2007
2008 2007
2008 2007
2008 2007
OPERATING RESULTS

















(all figures in Ch$ millions)

















Revenues

















Core products
46.635 45.393
26.863 13.051
38.247 35.252
20.270 21.832
9.855 9.886
3.125 2.863
Other products
1.385 905
785 78
211 204
1.322 2.041
148 109
0 0
Total
48.020 46.299
27.648 13.130
38.458 35.457
21.592 23.873
10.002 9.995
3.125 2.863
% change
3,7%

110,6%

8,5%

-9,6%

0,1%

9,2%



















Cost of sales
(20.980) (20.071)
(14.456) (7.721)
(18.554) (17.836)
(12.527) (14.649)
(4.621) (5.602)
(2.508) (2.046)
% of sales
43,7% 43,4%
52,3% 58,8%
48,2% 50,3%
58,0% 61,4%
46,2% 56,0%
80,2% 71,4%



















SG&A
(18.999) (18.566)
(13.039) (6.571)
(17.018) (16.359)
(6.997) (7.043)
(3.955) (3.829)
(572) (468)
% of sales
39,6% 40,1%
47,2% 50,0%
44,3% 46,1%
32,4% 29,5%
39,5% 38,3%
18,3% 16,4%



















Operating profit
8.042 7.662
154 (1.163)
2.886 1.262
2.068 2.181
1.426 564
46 349
% change
5,0%

NM

128,7%

-5,2%

152,6%

-86,9%
% of sales
16,7% 16,5%
0,6% -8,9%
7,5% 3,6%
9,6% 9,1%
14,3% 5,6%
1,5% 12,2%



















Depreciation
5.178 5.160
2.065 1.528
2.971 2.625
1.530 1.515
483 418
533 425
Amortization
5 5
149 40
0 0
105 103
12 7
0 0
EBITDA
13.225 12.827
2.367 405
5.857 3.887
3.703 3.798
1.921 989
579 774
% change
3,1%

485,0%

50,7%

-2,5%

94,2%

-25,2%
% of sales
27,5% 27,7%
8,6% 3,1%
15,2% 11,0%
17,1% 15,9%
19,2% 9,9%
18,5% 27,0%



























































Beer - Chile
Beer - Argentina*
Non-Alcoholics**
Wine****
Spirits




2008 2007
2008 2007
2008 2007
2008 2007
2008 2007


VOLUMES & PRICING

























Total***
Total
Total


Volume (HLs)
912.250 881.188
767.775 501.992
1.164.215 1.066.640
227.752 240.167
51.349 51.963


% change
3,5%

52,9%

9,1%

-5,2%

-1,2%






























Soft Drinks
Chile - Domestic













785.958 721.618
124.008 125.666













8,9%

-1,3%














Nectars
Chile Bottled Exports













167.909 157.603
91.357 101.477













6,5%

-10,0%














Mineral Water
















210.347 187.419
Argentina












12,2%

12.388 13.024
















-4,9%











































* Volumes include exports of 45,674 HL (6,942 HL to Chile) and 38,228 HL (14,286 HL to Chile) in Q2'08 and Q2'07, respectively.

















** Includes soft drinks (soft drinks, functional products, energy drinks, ice tea), nectars, mineral and purified water.

















*** In unit cases, sales from the soft drinks and mineral water segment totaled 20.5 million and 18.8 million in Q2'08 and Q2'07, respectively.
















**** Volumes do not include bulk volumes of 24,037 HL (19,080 HL from Chile exports and 4,957 HL from Argentina) and 33,985 HL (27,555 HL from Chile exports and 6,430 HL from Argentina) in Q2'08 and Q2'07, respectively.













































Total

Total





Price (Ch$ / HL)
51.121 51.514
34.988 25.999
32.852 33.050
89.002 90.902
191.912 190.255


% change (real)
-0,8%

34,6%

-0,6%

-2,1%

0,9%






























Soft Drinks
Chile - Domestic













31.765 31.773
60.909 58.179













0,0%

4,7%














Nectars
Chile Bottled Exports













44.261 45.648
118.202 126.405













-3,0%

-6,5%













Mineral Water
















27.810 27.372
Argentina













1,6%

154.875 130.017















19,1%