EX-4 5 s2.htm EXHIBIT 4: SEGMENT INFORMATION (YEAR TO DATE 2005)

Exhibit 4: Segment Information - Nine Months Ended September 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		122,683	111,196		30,944	29,228		93,345	85,704		59,927	59,428		18,899	5,999		5,889	4,205
Other products		1,693	1,424		214	306		370	255		5,220	3,302		243	12		0	0
Total		124,376	112,620		31,157	29,534		93,715	85,960		65,148	62,730		19,142	6,011		5,889	4,205
% change		10.4%			5.5%			9.0%			3.9%			218.5%			40.0%
Cost of sales		(46,463)	(42,987)		(16,351)	(16,394)		(45,256)	(40,786)		(44,628)	(41,548)		(13,615)	(4,608)		(3,167)	(972)
% of sales		37.4%	38.2%		52.5%	55.5%		48.3%	47.4%		68.5%	66.2%		71.1%	76.7%		53.8%	23.1%
SG&A		(47,805)	(41,961)		(14,610)	(14,432)		(40,469)	(38,956)		(17,366)	(17,190)		(7,905)	(3,281)		(1,628)	(1,100)
% of sales		38.4%	37.3%		46.9%	48.9%		43.2%	45.3%		26.7%	27.4%		41.3%	54.6%		27.6%	26.2%
Operating profit		30,108	27,673		197	(1,292)		7,990	6,218		3,154	3,991		(2,378)	(1,878)		1,094	2,132
% change		8.8%			NM			28.5%			-21.0%			-26.6%			-48.7%
% of sales		24.2%	24.6%		0.6%	-4.4%		8.5%	7.2%		4.8%	6.4%		-12.4%	-31.2%		18.6%	50.7%
Depreciation		13,980	13,845		3,776	4,602		7,648	9,116		3,344	3,453		591	192		800	839
Amortization		3	3		119	142		2	2		270	154		0	0		0	0
EBITDA		44,091	41,520		4,093	3,451		15,641	15,336		6,768	7,598		(1,787)	(1,686)		1,894	2,971
% change		6.2%			18.6%			2.0%			-10.9%			-6.0%			-36.3%
% of sales		35.4%	36.9%		13.1%	11.7%		16.7%	17.8%		10.4%	12.1%		-9.3%	-28.0%		32.2%	70.7%
		Beer - Chile			Beer - Argentina*			Soft Drinks & Min Water			Wine***			Pisco
		2005	2004		2005	2004		2005	2004		2005	2004		2005	2004
VOLUMES & PRICING
								Total**			Total			Total
Volume (HLs)		2,782,687	2,540,696		1,508,445	1,406,214		3,316,234	3,060,100		704,257	708,694		144,693	49,451
% change		9.5%			7.3%			8.4%			-0.6%			192.6%
								Soft Drinks			Chile - Domestic
								2,278,319	2,240,514		394,584	372,499
								1.7%			5.9%
								Nectars			Chile - Bottled Exports
								319,467	276,954		280,995	315,589
								15.4%			-11.0%
								Mineral Water
								718,448	542,633		Argentina
								32.4%			28,678	20,606
											39.2%
* Volumes include exports of 39.624 HL (28.405 HL to Chile) and 32.641 HL (25.176 HL to Chile) in 2005 and 2004, respectively.
** In unit cases, sales from the soft drink and mineral water segment totaled 58.4 million and 53.9 million in 2005 and 2004, respectively.
*** Volumes do not include bulk volumes of 110.632 HL (90.707 HL from Chile exports and 19.925 HL from Argentina) and 85.719 HL (64.953 HL from Chile exports and 6.376 HL from Argentina ) in 2005 and 2004, respectively.
								Total			Total
Price (Ch$ / HL)		44,088	43,766		20,514	20,785		28,148	28,007		85,093	83,856		130,614	121,314
% change (real)		0.7%			-1.3%			0.5%			1.5%			7.7%
								Soft Drinks			Chile - Domestic
								27,623	27,576		60,377	53,462
								0.2%			12.9%
								Nectars			Chile - Bottled Exports
								41,452	42,217		118,723	117,981
								-1.8%			0.6%
								Mineral Water
								23,896	22,533		Argentina
								6.1%			95,646	110,650
											-13.6%