EX-4 5 e4.htm EXHIBIT 4:SEGMENT INFORMATION (FOURTH QUARTER 2004)(TWELVE MONTHS ENDED DECEMBER 31, 2004)

	Exhibit 4: Segment Information - Twelve Month Ended December 31, 2004
			Beer - Chile			Beer - Argentina			Soft Drinks & Min Water			Wine			Others
			2004	2003		2004	2003		2004	2003		2004	2003		2004	2003
	OPERATING RESULTS
	(all figures in Ch$ millions)
	Revenues
	Core products		161,233	150,977		39,566	32,070		120,034	117,889		77,862	76,281		14,854	5,076
	Other products		2,048	2,437		573	295		341	290		4,128	8,352		0	0
	Total		163,280	153,414		40,139	32,365		120,375	118,179		81,990	84,632		14,854	5,076
	% change		6.4%			24.0%			1.9%			-3.1%			192.6%
	Cost of sales		(60,790)	(60,761)		(21,427)	(19,604)		(56,825)	(56,668)		(55,156)	(56,954)		(8,424)	53
	% of sales		37.2%	39.6%		53.4%	60.6%		47.2%	48.0%		67.3%	67.3%		56.7%	-1.0%
	SG&A		(57,497)	(52,883)		(18,860)	(16,334)		(55,044)	(54,380)		(22,079)	(24,145)		(5,829)	(4,981)
	% of sales		35.2%	34.5%		47.0%	50.5%		45.7%	46.0%		26.9%	28.5%		39.2%	98.1%
	Operating profit		44,993	39,771		(148)	(3,573)		8,506	7,131		4,755	3,532		601	148
	% change		13.1%			95.9%			19.3%			34.6%			304.9%
	% of sales		27.6%	25.9%		-0.4%	-11.0%		7.1%	6.0%		5.8%	4.2%		4.0%	2.9%
	Depreciation		17,543	17,724		5,247	6,670		11,221	11,630		2,628	2,402		1,327	1,272
	Amortization		512	481		359	443		465	427		500	486		45	30
	EBITDA		63,049	57,975		5,458	3,541		20,192	19,187		7,883	6,421		1,973	1,450
	% change		8.8%			54.2%			5.2%			22.8%			36.1%
	% of sales		38.6%	37.8%		13.6%	10.9%		16.8%	16.2%		9.6%	7.6%		13.3%	28.6%
			Beer - Chile			Beer - Argentina*			Soft Drinks & Min Water			Wine***
			2004	2003		2004	2003		2004	2003		2004	2003
	VOLUMES & PRICING
									Total**			Total
	Volume (HLs)		3,807,485	3,718,388		2,101,188	1,903,525		4,424,123	4,286,406		951,273	957,911
	% change		2.4%			10.4%			3.2%			-0.7%
									Soft Drinks			Chile - Domestic
									3,228,200	3,185,141		503,290	505,048
									1.4%			-0.3%
									Nectars			Chile Bottled Exports
									382,979	340,088		420,300	411,838
									12.6%			2.1%
									Mineral Water
									812,944	761,178		Argentina
									6.8%			27,682	41,026
												-32.5%
	* Volumes include exports of 52,011 HL (38,844 HL to Chile) and 50,607 HL (36,315 HL to Chile) in 2004 and 2003 respectively.
	** In unit cases, sales from the soft drink and mineral water segment totaled 77.9 million and 75.5 million in 2004 and 2003, respectively.
	*** Volumes do not include bulk volumes of 112,696 HL (86,278 HL from Chile exports and 26,418 HL from Argentina) and 252,550 HL (96,569 HL from Chile exports and 155,981 HL from Argentina ) in 2004 and 2003 respectively.
									Total			Total
	Price (Ch$ / HL)		42,346	40,603		18,830	16,847		27,132	27,503		81,850	79,632
	% change (real)		4.3%			11.8%			-1.4%			2.8%
									Soft Drinks			Chile - Domestic
									26,787	27,372		53,512	47,620
									-2.1%			12.4%
									Nectars			Chile - Export
									41,163	39,522		114,687	119,512
									4.2%			-4.0%
									Mineral Water
									21,874	22,658		Argentina
									-3.5%			98,498	73,382
												34.2%