EX-3 4 exh3.htm EXHIBIT 3: SEGMENT INFORMATION (FOURTH QUARTER 2006)

Exhibit 3: Segment Information - Fourth Quarter 2006
		Beer - Chile			Beer - Argentina			Soft Drinks & Min Water			Wine			Pisco			Others
		2006	2005		2006	2005		2006	2005		2006	2005		2006	2005		2006	2005
OPERATING RESULTS
(all figures in Ch$ millions)
Revenues
Core products		69,216	63,018		20,171	15,370		45,640	41,394		17,509	17,662		9,345	9,253		2,763	2,826
Other products		908	785		406	135		211	176		904	745		104	100		0	0
Total		70,124	63,803		20,577	15,505		45,851	41,570		18,413	18,407		9,448	9,353		2,763	2,826
% change		9.9%			32.7%			10.3%			0.0%			1.0%			-2.2%
Cost of sales		(24,618)	(20,537)		(9,637)	(5,555)		(20,844)	(18,587)		(12,462)	(13,670)		(5,323)	(5,704)		(1,776)	(1,389)
% of sales		35.1%	32.2%		46.8%	35.8%		45.5%	44.7%		67.7%	74.3%		56.3%	61.0%		64.3%	49.1%
SG&A		(22,300)	(23,385)		(8,300)	(7,714)		(20,085)	(18,569)		(6,106)	(6,615)		(3,607)	(3,041)		(487)	(357)
% of sales		31.8%	36.7%		40.3%	49.8%		43.8%	44.7%		33.2%	35.9%		38.2%	32.5%		17.6%	12.6%
Operating profit		23,206	19,881		2,640	2,235		4,922	4,415		(154)	(1,878)		518	609		500	1,080
% change		16.7%			18.1%			11.5%			91.8%			-14.9%			-53.7%
% of sales		33.1%	31.2%		12.8%	14.4%		10.7%	10.6%		-0.8%	-10.2%		5.5%	6.5%		18.1%	38.2%
Depreciation		4,699	4,959		1,443	1,113		2,351	2,580		1,337	1,137		325	228		306	267
Amortization		3	11		38	34		0	8		93	95		6	2		0	1
EBITDA		27,908	24,850		4,121	3,383		7,273	7,003		1,276	(646)		850	839		806	1,348
% change		12.3%			21.8%			3.9%			NM			1.3%			-40.2%
% of sales		39.8%	38.9%		20.0%	21.8%		15.9%	16.8%		6.9%	-3.5%		9.0%	9.0%		29.2%	47.7%
		Beer - Chile			Beer - Argentina*			Soft Drinks & Min Water			Wine***			Pisco
		2006	2005		2006	2005		2006	2005		2006	2005		2006	2005
VOLUMES & PRICING
								Total**			Total			Total
Volume (HLs)		1,497,132	1,386,956		845,602	760,583		1,551,884	1,425,359		212,367	220,665		57,434	57,908
% change		7.9%			11.2%			8.9%			-3.8%			-0.8%
								Soft Drinks			Chile - Domestic
								1,029,900	947,284		112,815	130,061
								8.7%			-13.3%
								Nectars			Chile - Bottled Exports
								159,061	125,272		89,399	83,702
								27.0%			6.8%
								Mineral Water
								362,923	352,804		Argentina
								2.9%			10,153	6,902
											47.1%
* Volumes include exports of 59,709 HL (16,934 HL to Chile) and 26,921 HL (15,705 HL to Chile) in Q4'06 and Q4'05, respectively.
** In unit cases, sales from the soft drinks and mineral water segment totaled 27.3 million and 25.1 million in Q4'06 and Q4'05, respectively.
*** Volumes do not include bulk volumes of 22,798 HL (15,606 HL from Chile exports and 7,191 HL from Argentina) and 14,006 HL (11,606 HL from Chile exports and 2,400 HL from Argentina) in Q4'06 and Q4'05, respectively.
									Total			Total
Price (Ch$ / HL)		46,232	45,436		23,854	20,208		29,409	29,041		82,449	80,040		162,701	159,790
% change (real)		1.8%			18.0%			1.3%			3.0%			1.8%
								Soft Drinks			Chile - Domestic
								28,748	28,320		53,934	61,592
								1.5%			-12.4%
								Nectars			Chile - Bottled Exports
								41,817	42,425		116,544	109,231
								-1.4%			6.7%
								Mineral Water
								25,850	26,225		Argentina
								-1.4%			99,082	73,674
											34.5%