EX-2 4 exh2.htm EXHIBIT 2: SEGMENT INFORMATION (FIRST QUARTER 2009)

	Exhibit 2: Segment Information - First Quarter 2009
			Beer - Chile			Beer - Argentina			Non-Alcoholics**			Wine			Spirits			Others/Eliminations
			2009	2008		2009	2008		2009	2008		2009	2008		2009	2008		2009	2008
	OPERATING RESULTS
	(all figures in Ch$ millions)
	Revenues
	Core products		82.173	82.963		41.124	23.102		56.162	57.227		22.389	15.739		7.932	8.248		0	2.998
	Other products		1.511	1.272		1.136	302		1.397	1.787		2.065	1.135		109	185		(1.178)	(1.390)
	Total		83.683	84.235		42.260	23.404		57.560	59.013		24.455	16.874		8.041	8.433		(1.178)	1.608
	% change		-0,7%			80,6%			-2,5%			44,9%			-4,7%
	Cost of sales		(36.511)	(30.809)		(18.203)	(11.385)		(28.512)	(28.175)		(16.174)	(11.246)		(4.216)	(4.345)		2.844	736
	% of sales		43,6%	36,6%		43,1%	48,6%		49,5%	47,7%		66,1%	66,6%		52,4%	51,5%		NM	NM
	SG&A		(24.126)	(24.687)		(16.610)	(9.021)		(21.507)	(22.629)		(7.904)	(5.920)		(2.848)	(3.349)		813	430
	% of sales		28,8%	29,3%		39,3%	38,5%		37,4%	38,3%		32,3%	35,1%		35,4%	39,7%		NM	NM
	Operating profit		23.047	28.738		7.447	2.998		7.541	9.120		377	(292)		977	739		2.479	1.865
	% change		-19,8%			148,4%			-17,3%			NM			32,1%			32,9%
	% of sales		27,5%	34,1%		17,6%	12,8%		13,1%	15,5%		1,5%	-1,7%		12,1%	8,8%		NM	NM
	Depreciation		5.173	5.358		2.180	1.356		2.559	2.474		1.906	1.313		539	525		1.477	1.464
	Amortization		5	7		14	12		-	-		242	105		8	11		38	-
	EBITDA		28.225	34.103		9.641	4.366		10.100	11.594		2.525	1.126		1.524	1.276		3.993	3.329
	% change		-17,2%			120,8%			-12,9%			124,2%			19,5%			19,9%
	% of sales		33,7%	40,5%		22,8%	18,7%		17,5%	19,6%		10,3%	6,7%		19,0%	15,1%		NM	NM
												3,7%
			Beer - Chile			Beer - Argentina*			Non-Alcoholics**			Wine****			Spirits
			2009	2008		2009	2008		2009	2008		2009	2008		2009	2008
	VOLUMES & PRICING
									Total***			Total
	Volume (HLs)		1.506.894	1.568.978		1.123.641	854.457		1.652.360	1.721.822		198.295	182.204		39.892	43.106
	% change		-4,0%			31,5%			-4,0%			8,8%			-7,5%
									Soft Drinks			Chile - Domestic
									1.085.634	1.145.973		98.928	102.032
									-5,3%			-3,0%
									Nectars			Chile Bottled Exports
									181.896	167.019		89.577	71.410
									8,9%			25,4%
									Mineral Water
									384.830	408.831		Argentina
									-5,9%			9.790	8.761
												11,7%
	* Volumes do not include exports of 6,097 HL and 14,867 HL to Chile in Q1'09 and Q1'08, respectively.
	** Includes soft drinks (soft drinks, functional products, energy drinks, ice tea), nectars, mineral and purified water.
	*** In unit cases, sales from the soft drink and mineral water segment totaled 29.1 million and 30.3 million in Q1'09 and Q1'08, respectively.
	**** Volumes do not include bulk volumes of 25,724 HL (22,674 HL from Chile exports and 3,050 HL from Argentina) and 26,974 HL (19,480 HL from Chile exports and 7,495 HL from Argentina) in Q1'09 and Q1'08, respectively.
										Total			Total
	Price (Ch$ / HL)		54.531	52.877		36.402	26.575		33.989	33.236		112.910	86.380		198.830	191.342
	% change (real)		3,1%			37,0%			2,3%			30,7%			3,9%
									Soft Drinks			Chile - Domestic
									33.569	32.680		77.938	59.184
									2,7%			31,7%
									Nectars			Chile Bottled Exports
									46.528	47.049		147.492	121.422
									-1,1%			21,5%
									Mineral Water
									29.246	29.152		Argentina
									0,3%			149.873	117.480
												27,6%