EX-2 4 exh2.htm EXHIBIT 2:SEGMENT INFORMATION (FIRST QUARTER 2007)

	Exhibit 2: Segment Information - First Quarter 2007
			Beer - Chile			Beer - Argentina			Soft Drinks & Min Water			Wine			Pisco			Others
			2007	2006		2007	2006		2007	2006		2007	2006		2007	2006		2007	2006
	OPERATING RESULTS
	(all figures in Ch$ millions)
	Revenues
	Core products		67,597	61,675		19,505	15,475		44,830	40,723		16,182	14,976		6,629	5,751		2,485	2,361
	Other products		784	780		163	27		281	158		1,274	1,049		80	68		0	0
	Total		68,381	62,455		19,668	15,501		45,110	40,881		17,456	16,025		6,708	5,819		2,485	2,361
	% change		9.5%			26.9%			10.3%			8.9%			15.3%			5.2%
	Cost of sales		(23,674)	(20,852)		(9,051)	(6,878)		(20,786)	(18,871)		(11,564)	(11,652)		(3,792)	(3,494)		(1,472)	(1,212)
	% of sales		34.6%	33.4%		46.0%	44.4%		46.1%	46.2%		66.2%	72.7%		56.5%	60.0%		59.2%	51.3%
	SG&A		(20,494)	(21,000)		(7,821)	(6,610)		(17,926)	(17,227)		(5,515)	(5,255)		(2,516)	(2,194)		(354)	(268)
	% of sales		30.0%	33.6%		39.8%	42.6%		39.7%	42.1%		31.6%	32.8%		37.5%	37.7%		14.3%	11.3%
	Operating profit		24,213	20,603		2,797	2,014		6,398	4,783		377	(882)		400	132		658	881
	% change		17.5%			38.9%			33.8%			NM			203.5%			-25.3%
	% of sales		35.4%	33.0%		14.2%	13.0%		14.2%	11.7%		2.2%	-5.5%		6.0%	2.3%		26.5%	37.3%
	Depreciation		4,568	4,691		1,473	1,398		2,324	2,570		1,281	1,198		363	239		370	317
	Amortization		5	1		39	45		-	1		93	93		6	4		-	0
	EBITDA		28,785	25,295		4,309	3,457		8,722	7,353		1,751	409		770	374		1,029	1,199
	% change		13.8%			24.7%			18.6%			327.9%			105.6%			-14.2%
	% of sales		42.1%	40.5%		21.9%	22.3%		19.3%	18.0%		10.0%	2.6%		11.5%	6.4%		41.4%	50.8%
			Beer - Chile			Beer - Argentina*			Soft Drinks & Min Water			Wine***			Pisco
			2007	2006		2007	2006		2007	2006		2007	2006		2007	2006
	VOLUMES & PRICING
									Total**			Total
	Volume (HLs)		1,450,241	1,370,091		763,645	673,007		1,512,295	1,411,957		190,547	171,964		39,526	35,425
	% change		5.9%			13.5%			7.1%			10.8%			11.6%
									Soft Drinks			Chile - Domestic
									984,549	918,105		96,714	91,266
									7.2%			6.0%
									Nectars			Chile Bottled Exports
									154,199	117,583		84,163	74,331
									31.1%			13.2%
									Mineral Water
									373,547	376,269		Argentina
									-0.7%			9,670	6,367
												51.9%
	* Volumes include exports of 47,962 HL (12,967 HL to Chile) and 18,410 HL (6,990 HL to Chile) in Q1'07 and Q1'06 respectively.
	** In unit cases, sales from the soft drink and mineral water segment totaled 26.6 million and 24.9 million in Q1'07 and Q1'06, respectively.
	*** Volumes do not include bulk volumes of 20,195 HL (13,025 HL from Chile exports and 7,170 HL from Argentina) and 17,360 HL (13,820 HL from Chile exports and 3,540 HL from Argentina ) in Q1'07 and Q1'06 respectively.
										Total			Total
	Price (Ch$ / HL)		46,611	45,016		25,542	22,993		29,643	28,842		84,922	87,088		167,699	162,347
	% change (real)		3.5%			11.1%			2.8%			-2.5%			3.3%
									Soft Drinks			Chile - Domestic
									29,170	28,383		53,861	61,694
									2.8%			-12.7%
									Nectars			Chile Bottled Exports
									42,369	42,917		116,875	116,635
									-1.3%			0.2%
									Mineral Water
									25,637	25,563		Argentina
									0.3%			117,482	106,152
												10.7%