EX-99 9 exhifour.htm EXHIBIT 4: SEGMENT INFORMATION (YTD)

Exhibit 4

	Compañía Cervecerías Unidas S.A.
	Exhibit 4: Segment Information - Nine Months Ended September 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		88,623	87,339		16,278	38,089		76,295	76,640		54,394	50,835		273	256
	Other products *		1,499	1,336		825	1,813		578	353		345	202		9,502	11,427
	Total		90,123	88,675		17,103	39,902		76,873	76,993		54,739	51,037		9,775	11,683
	% change		1.6%			-57.1%			-0.2%			7.3%			-16.3%
	Cost of sales		(38,457)	(38,144)		(14,094)	(21,584)		(36,126)	(37,366)		(33,214)	(31,872)		(7,065)	(8,104)
	% of sales		42.7%	43.0%		82.4%	54.1%		47.0%	48.5%		60.7%	62.4%		72.3%	69.4%
	SG&A		(35,117)	(34,439)		(13,037)	(24,306)		(34,345)	(35,072)		(13,469)	(11,013)		(901)	(1,531)
	% of sales		39.0%	38.8%		76.2%	60.9%		44.7%	45.6%		24.6%	21.6%		9.2%	13.1%
	Operating profit		16,548	16,092		(10,028)	(5,988)		6,402	4,556		8,056	8,152		1,809	2,049
	% change		2.8%			-67.5%			40.5%			-1.2%			-11.7%
	% of sales		18.4%	18.1%		-58.6%	-15.0%		8.3%	5.9%		14.7%	16.0%		18.5%	17.5%
	Depreciation		12,510	11,850		7,650	7,763		8,182	8,011		1,490	1,482		954	928
	Amortization		421	299		406	363		108	103		183	169		2	2
	EBITDA		29,480	28,242		(1,972)	2,138		14,693	12,670		9,729	9,803		2,766	2,979
	% change		4.4%			N/A			16.0%			-0.8%			-7.2%
	% of sales		32.7%	31.8%		-11.5%	5.4%		19.1%	16.5%		17.8%	19.2%		28.3%	25.5%
	* 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)		2,369,845	2,363,632		1,004,100	1,038,395		2,878,423	2,880,740		713,599	606,920
	% change		0.3%			-3.3%			-0.1%			17.6%			Beer - Argentina (Argentinean GAAP)
																	2002	2001
									Soft Drinks			Domestic			OPERATING RESULTS
									2,175,024	2,240,792		382,199	299,746		(all figures in A$ thousand)
									-2.9%			27.5%			Revenues
									Nectars			Export***			Core products		85,335	114,783
									198,331	157,422		335,326	313,557		Other products		369	2,685
									26.0%			6.9%			Total		85,704	117,468
									Mineral Water						% Change		-27.0%
									505,067	482,527
									4.7%						Cost of sales		(62,490)	(70,267)
															% of Sales		72.9%	59.8%
	* Volumes include exports of 21,143 (18,176 to Chile) and 26,947 (21,145 to Chile) hectoliters in Q3'02 and Q3'01 respectively.
	** In unit cases, sales from the soft drink and mineral water segment totaled 50.689 million and 50.730 million in 2002 & 2001 respectively.														SG&A		(55,292)	(73,343)
	*** Includes 3,926 Hl and 6,383 Hl sold in Argentina during 2002 and 2001 respectively														% of Sales		64.5%	62.4%
									Total			Total
	Price (Ch$ / HL)		37,364	36,944		16,486	37,479		26,506	26,604		76,225	83,812		Operating profit		(32,078)	(26,142)
	% change (real)		1.1%			-56.0%			-0.4%			-9.1%			% of Sales		37.4%	22.3%
									Soft Drinks			Domestic			Depreciation		28,316	28,933
									26,550	26,532		46,451	52,220		Amortization		497	497
									0.1%			-11.0%			EBITDA		(3,265)	3,288
									Nectars			Export***
									37,303	37,733		109,269	112,305
									-1.1%			-2.7%
									Mineral Water
									22,076	23,218
									-4.9%