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Financial Reports 2021

First Quarter Second Quarter Third Quarter Fourth Quarter
Earnings Release
Financial Statements CCU
Financial Statements VSPT
Corporate Presentation
Annual Report (only available in Spanish)
20-F Form
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD21 YTD20 Total change %
Volumes 8,213 6,734 22.0 24,014 20,545 16.9
Net sales 622,730 428,355 45.4 1,662,364 1,257,964 32.1
Gross profit 292,581 189,879 54.1 802,378 578,240 38.8
EBIT 71,464 32,254 121.6 205,882 87,235 136.0
EBITDA 101,472 59,487 70.6 289,595 169,870 70.5
Net income 42,168 12,131 247.6 125,520 41,109 205.3
Earnings per share (CLP) 114.1 32.8 247.6 339.7 111.3 205.3
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 622,730 428,355 45.4 1,662,364 1,257,964 32.1
Cost of sales (330,148) (238,477) 38.4 (859,986) (679,725) 26.5
% of Net sales 53.0 55.7 (266) bps 51.7 54.0 (230) bps
Gross profit 292,581 189,879 54.1 802,378 578,240 38.8
MSD&A (224,68) (163,754) 37.2 (604,618) (504,968) 19.7
% of Net sales 36.1 38.2 (215) bps 36.4 40.1 (377) bps
Other operating income/(expenses) 3,563 6,129 (41.9) 8,123 13,963 (41.8)
EBIT 71,464 32,254 121.6 205,882 87,235 136.0
EBIT margin % 11.5 7.5 395 bps 12.4 6.9 545 bps
Net financial expenses (6,214) (6,832) (9.0) (13,506) (18,168) (25.7)
Equity and income of JVs and associated (1,013) (2,427) (58.3) (3,362) (7,734) (56.5)
Foreign currency exchange differences (4,483) (1,932) 132.1 (7,25) 4,423 (263.9)
Results as per adjustment units 552 735 (24.9) 1,349 (851) 258.6
Other gains/(losses) 7,304 (3,69) 297.9 8,002 1,759 355.0
Non-operating result (3,855) (14,147) 72.7 (14,767) (20,571) 28.2
Income/(loss) before taxes 67,609 18,107 273.4 191,115 66,664 186.7
Income taxes (20,857) (3,692) 464.9 (52,362) (19,973) 162.2
Net income for the period 46,752 14,415 224.3 138,753 46,691 197.2
Net income attributable to:
The equity holders of the parent 42,168 12,131 247.6 125,520 41,109 205.3
Non-controlling interest (4,584) (2,284) 100.7 (13,234) (5,582) 137.1
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 5,549 4,384 26.6 16,551 13,772 20.2
Net sales 378,830 277,721 36.4 1,088,486 824,208 32.1
Net sales (CLP/HL) 68,266 63,342 7.8 65,766 59,847 9.9
Cost of sales (195,902) (147,971) 32.4 (541,636) (421,729) 28.4
% of Net sales 51.7 53.3 (157) bps 49.8 51.2 (141) bps
Gross profit 182,928 129,750 41.0 546,851 402,479 35.9
% of Net sales 48.3 46.7 157 bps 50.2 48.8 141 bps
MSD&A (121,307) (102,424) 18.4 (356,962) (311,031) 14.8
% of Net sales 32.0 36.9 (486) bps 32.8 37.7 (494) bps
Other operating income/(expenses) 62 436 (85.8) 589 956 (38.4)
EBIT 61,683 27,762 122.2 190,478 92,404 106.1
EBIT margin 16.3 10.0 629 bps 17.5 11.2 629 bps
EBITDA 77,635 44,996 72.5 239,516 143,381 67.0
EBITDA margin 20.5 16.2 429 bps 22.0 17.4 461 bps
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 2,317 1,926 20.3 6,407 5,700 12.4
Net sales 185,199 89,637 106.6 405,761 274,817 47.6
Net sales (CLP/HL) 79,945 46,532 71.8 63,326 48,212 31.3
Cost of sales (97,590) (54,291) 79.8 (214,208) (163,587) 30.9
% of Net sales 52.7 60.6 (787) bps 52.8 59.5 (673) bps
Gross profit 87,609 35,346 147.9 191,552 111,230 72.2
% of Net sales 47.3 39.4 787 bps 47.2 40.5 673 bps
MSD&A (83,771) (44,175) 89.6 (190,875) (143,510) 33.0
% of Net sales 45.2 49.3 (405) bps 47.0 52.2 (518) bps
Other operating income/(expenses) 3,348 4,988 (32.9) 7,132 11,806 (39.6)
EBIT 7,186 (3,842) (287.0) 7,809 (20,474) 138.1
EBIT margin 3.9 (4.3) 817 bps 1.9 (7.5) 937 bps
EBITDA 16,933 2,483 31,416 566
EBITDA margin 9.1 2.8 637 bps 7.7 0.2 754 bps
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 434 469 (7.4) 1,200 1,156 3.8
Net sales 70,847 68,904 2.8 192,032 176,781 8.6
Net sales (CLP/HL) 163,155 146,977 11.0 159,995 152,934 4.6
Cost of sales (43,363) (40,489) 7.1 (117,385) (103,574) 13.3
% of Net sales 61.2 58.8 245 bps 61.1 58.6 254 bps
Gross profit 27,484 28,415 (3.3) 74,647 73,208 2.0
% of Net sales 38.8 41.2 (245) bps 38.9 41.4 (254) bps
MSD&A (16,953) (16,863) 0.5 (48,901) (47,710) 2.5
% of Net sales 23.9 24.5 (54) bps 25.5 27.0 (152) bps
Other operating income/(expenses) 70 77 (9.2) 270 487 (44.7)
EBIT 10,601 11,629 (8.8) 26,016 25,985 0.1
EBIT margin 15.0 16.9 (191) bps 13.5 14.7 (115) bps
EBITDA 13,404 14,604 (8.2) 34,393 34,627 (0.7)
EBITDA margin 18.9 21.2 (227) bps 17.9 19.6 (168) bps
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD2021 YTD2020 Total change %
Volumes (87) (45) 92.3 (145) (83) 75.3
Net sales (12,146) (7,907) 53.6 (23,915) (17,842) 34.0
Net sales (CLP/HL)
Cost of sales 6,706 4,275 56.9 13,243 9,165 44.5
% of Net sales
Gross profit (5,440) (3,632) 49.8 (10,672) (8,676) 23.0
% of Net sales
MSD&A (2,650) (292) 807.7 (7,881) (2,717) 190.0
% of Net sales
Other operating income/(expenses) 84 628 (86.6) 133 713 (81.4)
EBIT (8,006) (3,296) 142.9 (18,420) (10,680) 72.5
EBIT margin
EBITDA (6,499) (2,597) 150.3 (15,729) (8,704) 80.7
EBITDA margin
(In ThHL or CLP million unless stated otherwise) 3Q21 3Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 8,213 6,734 22.0 24,014 20,545 16.9
Net sales 622,730 428,355 45.4 1,662,364 1,257,964 32.1
Net sales (CLP/HL) 75,824 63,609 19.2 69,226 61,229 13.1
Cost of sales (330,148) (238,477) 38.4 (859,986) (679,725) 26.5
% of Net sales 53.0 55.7 (266) bps 51.7 54.0 (230) bps
Gross profit 292,581 189,879 54.1 802,378 578,240 38.8
% of Net sales 47.0 44.3 266 bps 48.3 46.0 230 bps
MSD&A (224,680) (163,754) 37.2 (604,618) (504,968) 19.7
% of Net sales 36.1 38.2 (215) bps 36.4 40.1 (377) bps
Other operating income/(expenses) 3,563 6,129 (41.9) 8,123 13,963 (41.8)
EBIT 71,464 32,254 121.6 205,882 87,235 136.0
EBIT margin 11.5 7.5 395 bps 12.4 6.9 545 bps
EBITDA 101,472 59,487 70.6 289,595 169,870 70.5
EBITDA margin 16.3 13.9 241 bps 17.4 13.5 392 bps
(In ThHL or CLP million unless stated otherwise) September 30
2021
December 31
2021
ASSETS 374,995 396,389
Cash and cash equivalents 382,522 396,389
Other current assets 688,573 563,617
Total current assets 1,071,096 960,006
PP&E (net) 1,172,547 1,082,516
Other non current assets 518,760 482,815
Total non current assets 1,691,308 1,565,330
Total assets 2,762,403 2,525,337
LIABILITIES
Short term financial debt 97,481 74,064
Other liabilities 582,062 447,460
Total current liabilities 679,544 521,524
Long term financial debt 404,178 440,077
Other liabilities 156,264 154,917
Total non current liabilities 560,442 594,994
Total Liabilities 1,239,986 1,116,518
EQUITY
Paid-in capital 562,693 562,693
Other reserves (117,480) (187,924)
Retained earnings 960,527 921,805
Total equity attributable to equity holders of the parent 1,405,741 1,296,574
Non – controlling interest 116,676 112,244
Total equity 1,522,417 1,408,819
Total equity and liabilities 2,762,403 2,525,337
September 30
2021
December 31
2020
Total Financial Debt 501,659 514,141
Net Financial Debt 119,137 117,752
Liquidity ratio 1.58 1.84
Total Financial Debt / Capitalization 0.25 0.27
Net Financial Debt / EBITDA 0.29 0.40