EX-4 6 e4.htm EXHIBIT 4: SEGMENT INFORMATION (FIRST HALF 2005)

	Exhibit 4: Segment Information - Six Months Ended June 30, 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		84,905	77,219		22,883	21,038		62,868	57,682		35,820	35,352		9,934	3,605		3,797	2,386
	Other products		1,085	905		196	218		259	167		3,577	2,411		124	9		0	0
	Total		85,990	78,124		23,079	21,256		63,127	57,849		39,397	37,763		10,059	3,614		3,797	2,386
	% change		10.1%			8.6%			9.1%			4.3%			178.3%			59.1%
	Cost of sales		(31,638)	(28,801)		(12,044)	(11,525)		(31,337)	(27,004)		(26,432)	(24,997)		(7,094)	(2,827)		(1,666)	(176)
	% of sales		36.8%	36.9%		52.2%	54.2%		49.6%	46.7%		67.1%	66.2%		70.5%	78.2%		43.9%	7.4%
	SG&A		(31,557)	(27,374)		(10,670)	(10,032)		(27,290)	(26,341)		(10,619)	(10,909)		(4,495)	(1,947)		(625)	(854)
	% of sales		36.7%	35.0%		46.2%	47.2%		43.2%	45.5%		27.0%	28.9%		44.7%	53.9%		16.5%	35.8%
	Operating profit		22,795	21,948		365	(302)		4,500	4,503		2,346	1,857		(1,530)	(1,160)		1,506	1,356
	% change		3.9%			NM			-0.1%			26.4%			32.0%			11.0%
	% of sales		26.5%	28.1%		1.6%	-1.4%		7.1%	7.8%		6.0%	4.9%		-15.2%	-32.1%		39.7%	56.8%
	Depreciation		9,087	9,091		2,742	3,221		5,011	6,040		1,444	1,544		350	131		528	576
	Amortization		2	2		87	99		2	1		178	101		0	0		0	0
	EBITDA		31,884	31,041		3,194	3,018		9,513	10,545		3,968	3,502		(1,180)	(1,028)		2,034	1,932
	% change		2.7%			5.8%			-9.8%			13.3%			14.7%			5.3%
	% of sales		37.1%	39.7%		13.8%	14.2%		15.1%	18.2%		10.1%	9.3%		-11.7%	-28.5%		53.6%	81.0%
			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)		1,983,463	1,778,473		1,048,763	971,421		2,296,622	2,070,228		420,086	435,596		78,939	29,893
	% change		11.5%			8.0%			10.9%			-3.6%			164.1%
									Soft Drinks			Chile - Domestic
									1,585,818	1,508,193		234,135	237,637
									5.1%			-1.5%
									Nectars			Chile Bottled Exports
									202,181	175,997		168,738	185,906
									14.9%			-9.2%
									Mineral Water
									508,623	386,038		Argentina
									31.8%			17,214	12,053
												42.8%
	* Volumes include exports of 28.149 HL (20.817 HL to Chile) and 21.257 HL (16.764 HL to Chile) in 2005 and 2004 respectively.
	** In unit cases, sales from the soft drink and mineral water segment totaled 40 million and 36 million in 2005 and 2004, respectively.
	*** Volumes do not include bulk volumes of 77.388 HL (59.836 HL from Chile exports and 17.552 HL from Argentina) and 64.450 HL (48.155 HL from Chile exports and 6.376 HL from Argentina ) in 2005 and 2004 respectively.
									Total			Total
	Price (Ch$ / HL)		42,806	43,419		21,819	21,657		27,374	27,863		85,267	81,158		125,849	120,586
	% change (real)		-1.4%			0.7%			-1.8%			5.1%			4.4%
									Soft Drinks			Chile - Domestic
									27,084	27,538		59,593	50,833
									-1.6%			17.2%
									Nectars			Chile - Export
									41,142	42,356		119,083	117,704
									-2.9%			1.2%
									Mineral Water
									22,807	22,523		Argentina
									1.3%			103,006	115,374
												-10.7%