EX-2 4 i2.htm EXHIBIT 3:SEGMENT INFORMATION (FIRST QUARTER 2005)

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	Exhibit 2: Segment Information - First Quarter 2005
			Beer - Chile			Beer - Argentina			Soft Drinks & Min Water			Wine			Others
			2005	2004		2005	2004		2005	2004		2005	2004		2005	2004
	OPERATING RESULTS
	(all figures in Ch$ millions)
	Revenues
	Core products		52.788	48.319		14.612	12.687		35.284	32.603		15.620	14.549		3.956	2.640
	Other products		605	449		122	129		142	82		1.503	1.262		0	0
	Total		53.392	48.767		14.735	12.816		35.426	32.685		17.122	15.811		3.956	2.640
	% change		9,5%			15,0%			8,4%			8,3%			49,8%
	Cost of sales		(18.287)	(16.440)		(7.055)	(6.387)		(16.932)	(14.298)		(11.712)	(10.909)		(2.340)	(1.057)
	% of sales		34,3%	33,7%		47,9%	49,8%		47,8%	43,7%		68,4%	69,0%		59,2%	40,0%
	SG&A		(16.984)	(14.727)		(5.875)	(5.322)		(14.177)	(13.694)		(4.902)	(4.727)		(1.670)	(1.435)
	% of sales		31,8%	30,2%		39,9%	41,5%		40,0%	41,9%		28,6%	29,9%		42,2%	54,3%
	Operating profit		18.121	17.600		1.805	1.107		4.317	4.693		509	176		(54)	149
	% change		3,0%			63,0%			-8,0%			189,7%			NM
	% of sales		33,9%	36,1%		12,2%	8,6%		12,2%	14,4%		3,0%	1,1%		-1,4%	5,6%
	Depreciation		4.476	4.443		1.341	1.576		2.455	2.937		654	671		315	331
	Amortization		73	51		82	103		36	35		135	97		4	2
	EBITDA		22.670	22.094		3.228	2.786		6.808	7.665		1.297	943		264	482
	% change		2,6%			15,9%			-11,2%			37,5%			-45,2%
	% of sales		42,5%	45,3%		21,9%	21,7%		19,2%	23,5%		7,6%	6,0%		6,7%	18,2%
			Beer - Chile			Beer - Argentina*			Soft Drinks & Min Water			Wine***
			2005	2004		2005	2004		2005	2004		2005	2004
	VOLUMES & PRICING
									Total**			Total
	Volume (HLs)		1.267.623	1.132.082		665.868	618.071		1.324.974	1.202.377		187.367	186.234
	% change		12,0%			7,7%			10,2%			0,6%
									Soft Drinks			Chile - Domestic
									918.098	869.151		105.900	102.236
									5,6%			3,6%
									Nectars			Chile Bottled Exports
									97.790	83.023		74.602	80.026
									17,8%			-6,8%
									Mineral Water
									309.086	250.203		Argentina
									23,5%			6.865	3.973
												72,8%
	* Volumes include exports of 16,411 HL (11,832 HL to Chile) and 13,007 HL (10,062 HL to Chile) in Q1'05 and Q1'04 respectively.
	** In unit cases, sales from the soft drink and mineral water segment totaled 23.3 million and 21.2 million in Q1'05 and Q1'04, respectively.
	*** Volumes do not include bulk volumes of 39,488 HL (23,978 HL from Chile exports and 15,510 HL from Argentina) and 34,993 HL (22,457 HL from Chile exports and 12,536 HL from Argentina ) in Q1'05 and Q1'04 respectively.
									Total			Total
	Price (Ch$ / HL)		41.643	42.681		21.945	20.527		26.630	27.115		83.364	78.120
	% change (real)		-2,4%			6,9%			-1,8%			6,7%
									Soft Drinks			Chile - Domestic
									26.753	26.994		57.637	48.614
									-0,9%			18,6%
									Nectars			Chile - Export
									41.148	42.731		117.473	114.566
									-3,7%			2,5%
									Mineral Water
									21.664	22.343		Argentina
									-3,0%			109.582	103.279
												6,1%

Última actualización 28/04/2005
Por Jorge Bustos Concha