EX-4 5 exhibit4.htm EXHIBIT 4: SEGMENT INFORMATION






















































Exhibit 4: Segment Information - Six Months Ended June 30, 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
127.161 120.039
49.286 34.642
93.792 84.876
35.547 39.744
17.860 17.224
6.481 5.613
Other products
2.448 1.954
1.065 259
426 515
2.418 3.452
242 197
0 0
Total
129.609 121.992
50.351 34.901
94.218 85.391
37.964 43.196
18.102 17.421
6.481 5.613
% change
6,2%

44,3%

10,3%

-12,1%

3,9%

15,5%



















Cost of sales
(50.968) (46.277)
(25.506) (17.740)
(43.236) (41.235)
(23.474) (27.450)
(8.646) (9.800)
(4.534) (3.284)
% of sales
39,3% 37,9%
50,7% 50,8%
45,9% 48,3%
61,8% 63,5%
47,8% 56,3%
69,9% 58,5%



















SG&A
(42.336) (41.252)
(21.766) (15.228)
(38.599) (36.202)
(12.879) (13.148)
(7.243) (6.613)
(1.017) (860)
% of sales
32,7% 33,8%
43,2% 43,6%
41,0% 42,4%
33,9% 30,4%
40,0% 38,0%
15,7% 15,3%



















Operating profit
36.304 34.464
3.079 1.933
12.382 7.953
1.611 2.598
2.214 1.008
931 1.469
% change
5,3%

59,3%

55,7%

-38,0%

119,7%

-36,6%
% of sales
28,0% 28,3%
6,1% 5,5%
13,1% 9,3%
4,2% 6,0%
12,2% 5,8%
14,4% 26,2%



















Depreciation
10.896 10.216
3.381 3.158
5.682 5.197
2.737 2.933
989 820
1.054 835
Amortization
12 10
160 83
0 0
207 206
23 14
0 0
EBITDA
47.213 44.690
6.619 5.175
18.065 13.150
4.556 5.737
3.226 1.841
1.986 2.304
% change
5,6%

27,9%

37,4%

-20,6%

75,2%

-13,8%
% of sales
36,4% 36,6%
13,1% 14,8%
19,2% 15,4%
12,0% 13,3%
17,8% 10,6%
30,6% 41,0%



























































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)
2.481.228 2.332.672
1.637.321 1.265.737
2.886.037 2.578.970
409.476 431.969
94.455 91.489


% change
6,4%

29,4%

11,9%

-5,2%

3,2%






























Soft Drinks
Chile - Domestic













1.931.931 1.706.168
226.001 222.380













13,2%

1,6%














Nectars
Chile Bottled Exports













334.928 311.801
162.325 185.241













7,4%

-12,4%














Mineral Water
















619.178 561.001
Argentina












10,4%

21.149 24.348















-13,1%











































* Volumes include exports of 115,983 HL (21,810 HL to Chile) and 86,290 HL (27,253 HL to Chile) in 2008 and 2007, respectively.

















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

















*** In unit cases, sales from the soft drink and mineral water segment totaled 50.8 million and 45.4 million in 2008 and 2007, respectively.
















**** Volumes do not include bulk volumes of 51,491 HL (39,040 HL from Chile exports and 12,451 HL from Argentina) and 59,755 HL (46,415 HL from Chile exports and 13,340 HL from Argentina ) in 2008 and 2007, respectively.












































Total
Total





Price (Ch$ / HL)
51.249 51.460
30.102 27.369
32.499 32.911
86.810 92.006
189.085 188.258


% change (real)
-0,4%

10,0%

-1,3%

-5,6%

0,4%






























Soft Drinks
Chile - Domestic













31.735 32.071
59.356 58.806













-1,0%

0,9%














Nectars
Chile - Export













44.962 46.267
118.370 128.026













-2,8%

-7,5%













Mineral Water
















28.140 28.040
Argentina













0,4%

137.953 121.194















13,8%