EX-3 5 ex3.htm EXHIBIT 3: SEGMENT INFORMATION (FOURTH QUARTER 2008)

Exhibit 3: Segment Information - Fourth Quarter 2008
		Beer - Chile			Beer - Argentina			Non-Alcoholics**			Wine			Spirits			Others
		2008	2007		2008	2007		2008	2007		2008	2007		2008	2007		2008	2007
OPERATING RESULTS
(all figures in Ch$ millions)
Revenues
Core products		87.608	85.253		58.917	24.141		56.958	57.841		31.545	20.136		10.731	11.381		3.235	3.081
Other products		1.802	1.479		2.166	569		509	231		995	1.474		74	441		0	0
Total		89.409	86.732		61.083	24.710		57.467	58.072		32.540	21.610		10.805	11.821		3.235	3.081
% change		3,1%			147,2%			-1,0%			50,6%			-8,6%			5,0%
Cost of sales		(37.243)	(32.275)		(28.102)	(11.651)		(27.857)	(25.822)		(18.329)	(13.437)		(5.652)	(6.595)		(1.392)	(1.865)
% of sales		41,7%	37,2%		46,0%	47,2%		48,5%	44,5%		56,3%	62,2%		52,3%	55,8%		43,0%	60,5%
SG&A		(27.628)	(27.620)		(27.204)	(10.385)		(23.613)	(25.068)		(11.934)	(7.093)		(3.893)	(4.351)		(548)	(495)
% of sales		30,9%	31,8%		44,5%	42,0%		41,1%	43,2%		36,7%	32,8%		36,0%	36,8%		16,9%	16,1%
Operating profit		24.539	26.838		5.777	2.674		5.997	7.182		2.277	1.080		1.261	876		1.295	720
% change		-8,6%			116,1%			-16,5%			110,7%			44,0%			79,9%
% of sales		27,4%	30,9%		9,5%	10,8%		10,4%	12,4%		7,0%	5,0%		11,7%	7,4%		40,0%	23,4%
Depreciation		6.277	5.706		3.041	1.349		2.714	2.769		2.186	1.542		697	498		583	556
Amortization		15	5		139	33		6	-		266	108		19	7		(86)	-
EBITDA		30.830	32.549		8.957	4.056		8.717	9.951		4.728	2.730		1.976	1.381		1.793	1.276
% change		-5,3%			120,8%			-12,4%			73,2%			43,1%			40,5%
% of sales		34,5%	37,5%		14,7%	16,4%		15,2%	17,1%		14,5%	12,6%		18,3%	11,7%		55,4%	41,4%
		Beer - Chile			Beer - Argentina*			Non-Alcoholics**			Wine****			Spirits
		2008	2007		2008	2007		2008	2007		2008	2007		2008	2007
VOLUMES & PRICING
								Total***			Total			Total
Volume (HLs)		1.614.117	1.572.271		1.245.553	911.757		1.664.722	1.692.279		245.795	215.422		54.788	59.014
% change		2,7%			36,6%			-1,6%			14,1%			-7,2%
								Soft Drinks			Chile - Domestic
								1.104.190	1.130.912		115.740	115.303
								-2,4%			0,4%
								Nectars			Chile - Bottled Exports
								197.131	181.656		115.285	86.493
								8,5%			33,3%
								Mineral Water
								363.401	379.711		Argentina
								-4,3%			14.770	13.626
											8,4%
* Volumes include exports of 70,814 HL (8,131 HL to Chile) and 59,170 HL (16,153 HL to Chile) in Q4'08 and Q4'07, respectively.
** Includes soft drinks (soft drinks, functional products, energy drinks, ice tea), nectars, mineral and purified water.
*** In unit cases, sales from the soft drinks and mineral water segment totaled 29.3 million and 29.8 million in Q4'08 and Q4'07, respectively.
**** Volumes do not include bulk volumes of 19,263 HL (12,008 HL from Chile exports and 7,255 HL from Argentina) and 31,792 HL (24,961 HL from Chile exports and 6,831 HL from Argentina) in Q4'08 and Q4'07, respectively.
									Total			Total
Price (Ch$ / HL)		54.276	54.223		47.302	26.478		34.215	34.179		128.339	93.470		195.864	192.848
% change (real)		0,1%			78,6%			0,1%			37,3%			1,6%
								Soft Drinks			Chile - Domestic
								33.478	33.258		77.949	59.991
								0,7%			29,9%
								Nectars			Chile - Bottled Exports
								46.441	48.362		167.143	132.353
								-4,0%			26,3%
								Mineral Water
								29.819	30.139		Argentina
								-1,1%			220.331	129.960
											69,5%