EX-3 5 e3.htm EXHIBIT 3: SEGMENT INFORMATION (SECOND QUARTER 2005)

	Exhibit 3: Segment Information - Second Quarter 2005
			Beer - Chile			Beer - Argentina			Soft Drinks & Min Water			Wine			Pisco			Others
			2005	2004		2005	2004		2005	2004		2005	2004		2005	2004		2005	2004
	OPERATING RESULTS
	(all figures in Ch$ millions)
	Revenues
	Core products		31,167	28,033		8,007	8,123		27,090	24,493		19,919	20,542		7,824	1,890		1,894	1,419
	Other products		469	448		72	86		115	83		2,047	1,126		110	3		0	0
	Total		31,636	28,481		8,079	8,210		27,205	24,577		21,966	21,668		7,935	1,893		1,894	1,419
	% change		11.1%			-1.6%			10.7%			1.4%			319.2%			33.5%
	Cost of sales		(13,022)	(12,066)		(4,862)	(5,024)		(14,156)	(12,450)		(14,509)	(13,892)		(5,468)	(1,481)		(996)	(446)
	% of sales		41.2%	42.4%		60.2%	61.2%		52.0%	50.7%		66.1%	64.1%		68.9%	78.2%		52.6%	31.4%
	SG&A		(14,133)	(12,383)		(4,689)	(4,614)		(12,986)	(12,401)		(5,600)	(6,097)		(3,108)	(884)		(347)	(456)
	% of sales		44.7%	43.5%		58.0%	56.2%		47.7%	50.5%		25.5%	28.1%		39.2%	46.7%		18.3%	32.1%
	Operating profit		4,482	4,032		(1,472)	(1,428)		62	(274)		1,857	1,678		(642)	(472)		552	517
	% change		11.2%			3.1%			NM			10.7%			36.0%			6.7%
	% of sales		14.2%	14.2%		-18.2%	-17.4%		0.2%	-1.1%		8.5%	7.7%		-8.1%	-24.9%		29.1%	36.4%
	Depreciation		4,457	4,518		1,338	1,560		2,476	3,015		731	813		300	80		255	288
	Amortization		1	1		42	50		1	1		89	51		0	0		0	0
	EBITDA		8,940	8,550		(92)	182		2,540	2,742		2,677	2,542		(342)	(392)		807	805
	% change		4.6%			NM			-7.4%			5.3%			-12.7%			0.3%
	% of sales		28.3%	30.0%		-1.1%	2.2%		9.3%	11.2%		12.2%	11.7%		-4.3%	-20.7%		42.6%	56.7%
			Beer - Chile			Beer - Argentina*			Soft Drinks & Min Water			Wine***			Pisco
			2005	2004		2005	2004		2005	2004		2005	2004		2005	2004
	VOLUMES & PRICING
									Total**			Total
	Volume (HLs)		715,840	646,391		382,895	353,350		971,648	867,851		232,720	249,388		55,137	15,611
	% change		10.7%			8.4%			12.0%			-6.7%			253.2%
									Soft Drinks			Chile - Domestic
									667,720	639,042		128,234	135,401
									4.5%			-5.3%
									Nectars			Chile Bottled Exports
									104,391	92,974		94,137	105,880
									12.3%			-11.1%
									Mineral Water
									199,537	135,835		Argentina
									46.9%			10,349	8,107
												27.7%
	* Volumes include exports of 11.738 HL (8.985 HL to Chile) and 8.250 HL (6.702 HL to Chile) in Q2'05 and Q2'04 respectively.
	** In unit cases, sales from the soft drinks and mineral water segment totaled 17 million and 15 million in Q2'05 and Q2'04 respectively.
	*** Volumes do not include bulk volumes of 37.900 HL (35.858 HL from Chile exports and 2.042 HL from Argentina) and 29.457 HL (25.697 HL from Chile exports and 3.760 HL from Argentina) in Q2'05 and Q2'04 respectively.
										Total			Total
	Price (Ch$ / HL)		43,539	43,368		20,912	22,989		27,880	28,223		85,593	82,369		141,905	121,079
	% change (real)		0.4%			-9.0%			-1.2%			3.9%			17.2%
									Soft Drinks			Chile - Domestic
									27,029	27,619		60,351	51,846
									-2.1%			16.4%
									Nectars			Chile Bottled Exports
									40,553	41,336		118,682	118,521
									-1.9%			0.1%
									Mineral Water
									24,097	22,086		Argentina
									9.1%			97,366	120,010
												-18.9%