EX-99 8 exhithree.htm EXHIBIT 3: SEGMENT INFORMATION (SECOND QUARTER 2002)

Exhibit 3

	Compañía Cervecerías Unidas S.A.
	Exhibit 3: Segment Information - Third Quarter 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		25,170	25,167		5,243	12,855		24,067	23,512		21,334	21,232		188	50
	Other products *		589	436		416	575		255	69		138	74		3,360	4,544
	Total		25,759	25,604		5,658	13,430		24,322	23,581		21,472	21,305		3,548	4,594
	% change		0.6%			-57.9%			3.1%			0.8%			-22.8%
	Cost of sales		(11,375)	(11,799)		(5,077)	(8,046)		(11,661)	(12,291)		(12,755)	(12,571)		(2,424)	(3,204)
	% of sales		44.2%	46.1%		89.7%	59.9%		47.9%	52.1%		59.4%	59.0%		68.3%	69.7%
	SG&A		(10,991)	(10,256)		(4,634)	(9,024)		(11,437)	(11,687)		(4,931)	(4,404)		(355)	(360)
	% of sales		42.7%	40.1%		81.9%	67.2%		47.0%	49.6%		23.0%	20.7%		10.0%	7.8%
	Operating profit		3,393	3,548		(4,053)	(3,641)		1,224	(397)		3,785	4,330		769	1,030
	% change		-4.4%			-11.3%			N/A			-12.6%			-25.3%
	% of sales		13.2%	13.9%		-71.6%	-27.1%		5.0%	-1.7%		17.6%	20.3%		21.7%	22.4%
	Depreciation		4,189	3,884		2,820	3,073		2,612	2,712		576	568		297	306
	Amortization		100	117		155	143		36	29		62	59		1	1
	EBITDA		7,683	7,550		(1,077)	(425)		3,872	2,344		4,424	4,958		1,067	1,337
	% change		1.8%			-153.5%			65.2%			-10.8%			-20.2%
	% of sales		29.8%	29.5%		-19.0%	-3.2%		15.9%	9.9%		20.6%	23.3%		30.1%	29.1%
	* 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)		676,192	677,605		324,429	284,210		909,369	890,330		277,764	259,336
	% change		-0.2%			14.2%			2.1%			7.1%			Beer - Argentina (Argentinean GAAP)
																	2002	2001
									Soft Drinks			Domestic			OPERATING RESULTS
									694,844	704,917		146,567	129,819		(all figures in A$ thousand)
									-1.4%			12.9%			Revenues
															Core products		22,869	31,123
									Nectars			Export***			Other products		110	979
									76,869	59,846		131,197	129,517		Total		22,979	32,102
									28.4%			1.3%			% Change		-28.4%
									Mineral Water
									137,655	125,566					Cost of sales		(20,790)	(23,227)
									9.6%						% of Sales		90.5%	72.4%
	* Volumes include exports of 9,741 ( 8,952 to Chile) and 4,652 ( 3,795 to Chile) hectoliters in Q3'02 and Q3'01 respectively
	** In unit cases, sales from the soft drinks and mineral water segment totaled 16.014 million and 15.679 million in Q3'02 & Q3'01 respectively.														SG&A		(16,304)	(22,555)
	*** Includes 2,345 Hl and 2,732 Hl sold in Argentina during Q3'02 and Q3'01 respectively														% of Sales		71.0%	70.3%
									Total			Total
	Price (Ch$ / HL)		37,223	37,142		16,160	45,230		26,465	26,409		76,805	81,869		Operating profit		(14,115)	(13,680)
	% change (real)		0.2%			-64.3%			0.2%			-6.2%			% of Sales		61.4%	42.6%
									Soft Drinks			Domestic			Depreciation		9,238	9,757
									26,272	26,073		45,743	49,038		Amortization		165	166
									0.8%			-6.7%			EBITDA		(4,711)	(3,757)
									Nectars			Export***
									36,564	36,277		111,507	114,776
									0.8%			-2.8%
									Mineral Water
									21,802	23,545
									-7.4%