EX-4 6 ex4.htm EXHIBIT 4: SEGMENT INFORMATION (FULL YEAR 2008)








































Exhibit 4: Segment Information - Twelve Months Ended December 31, 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
278.777 265.729
139.544 74.260
197.920 187.353
94.535 87.986
41.452 42.599
13.228 11.801



Other products
5.790 4.778
3.892 1.174
1.191 984
5.025 6.760
436 778
0 0



Total
284.567 270.507
143.437 75.434
199.111 188.337
99.560 94.746
41.888 43.377
13.228 11.801



% change
5,2%

90,1%

5,7%

5,1%

-3,4%

12,1%



























Cost of sales
(117.901) (103.389)
(70.163) (38.148)
(94.262) (88.966)
(58.262) (59.418)
(20.899) (24.180)
(8.252) (7.460)



% of sales
41,4% 38,2%
48,9% 50,6%
47,3% 47,2%
58,5% 62,7%
49,9% 55,7%
62,4% 63,2%


























SG&A
(92.863) (91.475)
(63.231) (32.893)
(82.955) (80.960)
(34.316) (29.131)
(15.113) (15.812)
(2.506) (1.962)



% of sales
32,6% 33,8%
44,1% 43,6%
41,7% 43,0%
34,5% 30,7%
36,1% 36,5%
18,9% 16,6%


























Operating profit
73.802 75.643
10.042 4.393
21.893 18.411
6.982 6.197
5.876 3.385
2.469 2.379



% change
-2,4%

128,6%

18,9%

12,7%

73,6%

3,8%




% of sales
25,9% 28,0%
7,0% 5,8%
11,0% 9,8%
7,0% 6,5%
14,0% 7,8%
18,7% 20,2%


























Depreciation
23.560 21.797
8.572 6.095
11.649 11.082
6.461 6.130
2.269 1.798
2.127 1.964



Amortization
33 21
338 157
6 -
593 433
60 29
(85) -



EBITDA
97.396 97.461
18.952 10.644
33.548 29.492
14.036 12.760
8.205 5.213
4.511 4.343



% change
-0,1%

78,1%

13,8%

10,0%

57,4%

3,9%




% of sales
34,2% 36,0%
13,2% 14,1%
16,8% 15,7%
14,1% 13,5%
19,6% 12,0%
34,1% 36,8%










































































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)
5.168.256 4.911.498
3.677.658 2.722.084
5.776.694 5.449.044
921.778 925.135
210.525 215.984






% change
5,2%

35,1%

6,0%

-0,4%

-2,5%






































Soft Drinks
Chile - Domestic

















3.873.892 3.646.885
493.492 490.203

















6,2%

0,7%


















Nectars
Chile - Bottled Exports

















706.682 657.741
377.866 382.474

















7,4%

-1,2%


















Mineral Water




















1.196.120 1.144.418
Argentina
















4,5%

50.419 52.459



















-3,9%














































































* Volumes include exports of 252,333 HL (41,387 HL to Chile) and 186,639 HL (50,396 HL to Chile) in 2007 and 2006, 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 101.7 million and 96 million in 2008 and 2007, respectively.





















**** Volumes do not include bulk volumes of 93,520 HL (69,223 HL from Chile exports and 24,297 HL from Argentina) and 131,127 HL (104,946 HL from Chile exports and 26,181 HL from Argentina) in 2008 and 2007, respectively.





























Total
Total









Price (Ch$ / HL)
53.940 54.103
37.944 27.281
34.262 34.383
102.557 95.106
196.899 197.232






% change (real)
-0,3%

39,1%

-0,4%

7,8%

-0,2%






































Soft Drinks
Chile - Domestic

















33.458 33.366
66.545 60.578

















0,3%

9,9%


















Nectars
Chile - Bottled Exports

















46.611 48.280
140.609 134.525

















-3,5%

4,5%

















Mineral Water




















29.570 29.635
Argentina

















-0,2%

169.844 130.363



















30,3%