EX-4 9 exhibitd.htm YTD SEGMENT INFORMATION exhibitd
                                     
  Compania Cervecerias Unidas S.A.                                  
                                   
  Exhibit 4: Segment Information - Six Months Ended June 30, 2002                                  
                                     
      Beer - Chile   Beer - Argentina   Soft Drinks & Min Water   Wine   Others    
      2002 2001   2002 2001   2002 2001   2002 2001   2002 2001    
  OPERATING RESULTS                                  
  (all figures in Ch$ millions)                                  
  Revenues                                  
  Core products   63,012 61,679   10,959 25,034   51,865 52,707   32,831 29,369   84 204    
  Other products *   903 949   406 1,200   321 222   205 116   6,099 6,730    
  Total   63,916 62,628   11,365 26,234   52,186 52,929   33,036 29,486   6,183 6,934    
  % Change   2.1%     -56.7%     -1.4%     12.0%     -10.8%      
                                     
  Cost of sales   (26,886) (26,186)   (8,954) (12,917)   (24,302) (24,643)   (20,318) (19,141)   (4,609) (4,756)    
  % of Sales   42.1% 41.8%   78.8% 49.2%   46.6% 46.6%   61.5% 64.9%   74.5% 68.6%    
                                     
  SG&A   (23,958) (24,115)   (8,345) (15,563)   (22,749) (23,371)   (8,478) (6,529)   (542) (1,161)    
  % of Sales   37.5% 38.5%   73.4% 59.3%   43.6% 44.2%   25.7% 22.1%   8.8% 16.7%    
                                     
  Operating profit   13,071 12,328   -5,933 -2,245   5,136 4,916   4,240 3,816   1,032 1,017    
  % of Sales   20.5% 19.7%   -52.2% -8.6%   9.8% 9.3%   12.8% 12.9%   16.7% 14.7%    
                                     
  Depreciation   8,263 7,859   4,796 4,747   5,532 5,219   908 900   653 612    
  Amortization   319 181   249 219   72 73   120 109   1 1    
  EBITDA   21,654 20,367   (888) 2,720   10,739 10,208   5,267 4,825   1,687 1,631    
  * The "Other products" line corresponds to intercompany sales in the "Other" segment.                                  
                                     
                                     
      Beer - Chile   Beer - Argentina*   Soft Drinks & Min Water   Wine          
      2002 2001   2002 2001   2002 2001   2002 2001          
  VOLUMES & PRICING                                  
                  Total**   Total          
  Volume (HLs)   1,693,653 1,686,027   679,671 754,185   1,969,054 1,990,410   438,181 350,316          
  % Change   0.5%     -9.9%     -1.1%     25.1%     Beer - Argentina (Argentinean GAAP)
                                  2002 2001
                  Soft Drinks   Domestic   OPERATING RESULTS      
                  1,480,180 1,535,875   235,632 169,927   (all figures in A$ thousand)      
                  -3.6%     38.7%     Revenues      
                  Nectars   Export   Core products   55,280 74,196
                  121,462 97,576   204,129 184,040   Other products   870 1,513
                  24.5%     10.9%     Total   56,150 75,709
                  Mineral Water         % Change   -25.8%  
                  367,412 356,960                
                  2.9%           Cost of sales   (32,692) (39,742)
                              % of Sales   58.2% 52.5%
  * Volumes include exports of 11,402 (9,224 to Chile) and 22,295 (17,350 to Chile) hectoliters in 2002 and 2001 respectively.                                  
  ** In unit cases, sales from the soft drink and mineral water segment totaled 34.675 million and 35.051 million in 2002 & 2001 respectively.                           SG&A   (35,185) (45,749)
                              % of Sales   62.7% 60.4%
                  Total   Total          
  Price (Ch$ / HL)   37,271 36,583   16.124 33.194   26,340 26,480   74,925 83,877   Operating profit   (11,490) (8,714)
  % Change (real)   1.9%     -51.4%     -0.5%     -10.7%     % of Sales   20.5% 11.5%
                                     
                  Soft Drinks   Domestic   Depreciation   16,883 17,007
                  26,495 26,531   46,565 54,218   Amortization   294 294
                  -0.1%     -14.1%     EBITDA   5,687 8,587
                  Nectars   Export          
                  37,508 38,320   107,082 109,597          
                  -2.1%     -2.3%            
                  Mineral Water                
                  22,025 22,919                
                  -3.9%