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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) 2Q21 2Q20 Total change % 2Q20 YTD21 Total change %
Volumes 6,759 5,181 30.5 15,801 13,811 14.4
Net sales 469,995 318,376 47.6 1,039,634 829,609 25.3
Gross profit 220,428 134,567 63.8 509,796 388,361 31.3
EBIT 34,670 (7,457) 564.9 134,419 54,981 144.5
EBITDA 61,576 19,654 213.3 188,123 110,384 70.4
Net income 18,968 (3,257) 682.4 83,352 28,978 187.6
Earnings per share (CLP) 51.3 (8) 682.4 225.6 78.4 187.6
(In ThHL or CLP million unless stated otherwise) 2Q21 2Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 469,995 318,376 47.6 1,039,634 829,609 25.3
Cost of sales (249,567) (183,809) 35.8 (529,838) (441,248) 20.1
% of Net sales 53.1 57.7 (463) bps 51.0 53.2 (222) bps
Gross profit 220,428 134,567 63.8 509,796 388,361 31.3
MSD&A (185,974) (145,673) 27.7 (379,938) (341,214) 11.3
% of Net sales 39.6 45.8 (619) bps 36.5 41.1 (458) bps
Other operating income/(expenses) 216 3,649 (94.1) 4,560 7,835 (41.8)
EBIT 34,670 (7,457) 564.9 134,419 54,981 144.5
EBIT margin % 7.4 (-2.3) 972 bps 12.9 6.6 630 bps
Net financial expenses (3,477) (6,678) (47.9) (7,292) (11,336) (35.7)
Equity and income of JVs and associated (1,752) (2,482) (29.4) (2,349) (5,307) (55.7)
Foreign currency exchange differences (1,379) 10,245 (113.5) (2,766) 6,355 (143.5)
Results as per adjustment units 730 613 19.0 798 (1,586) 150.3
Other gains/(losses) 1,739 (1,939) 189.7 698 5,449 (87.2)
Non-operating result (4,14) (240) 1,621.4 (10,912) (6,424) 69.9
Income/(loss) before taxes 30,530 (7,698) 496.6 123,507 48,557 154.4
Income taxes (7,973) 4,058 (296.5) (31,505) (16,28) 93.5
Net income for the period 22,556 (3,639) 719.8 92,002 32,277 185.0
Net income attributable to:
The equity holders of the parent 18,968 (3,257) 682.4 83,352 28,978 187.6
Non-controlling interest (3,589) 383 (1,038.0) (8,65) (3,299) 162.2
(In ThHL or CLP million unless stated otherwise) 2Q21 2Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 4,752 3,390 40.2 11,001 9,388 17.2
Net sales 316,436 205,118 54.3 709,656 546,487 29.9
Net sales (CLP/HL) 66,585 60,500 10.1 64,506 58,214 10.8
Cost of sales (159,663) (110,531) 44.5 (345,734) (273,758) 26.3
% of Net sales 50.5 53.9 (343) bps 48.7 50.1 (138) bps
Gross profit 156,773 94,587 65.7 363,922 272,729 33.4
% of Net sales 49.5 46.1 343 bps 51.3 49.9 138 bps
MSD&A (115,166) (87,024) 32.3 (235,654) (208,607) 13.0
% of Net sales 36.4 42.4 (603) bps 33.2 38.2 (497) bps
Other operating income/(expenses) 85 129 (34.4) 527 521 1.3
EBIT 41,692 7,693 441.9 128,795 64,642 99.2
EBIT margin 13.2 3.8 942 bps 18.1 11.8 632 bps
EBITDA 57,935 24,537 136.1 161,881 98,385 64.5
EBITDA margin 18.3 12.0 635 bps 22.8 18.0 481 bps
(In ThHL or CLP million unless stated otherwise) 2Q21 2Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 95,900 60,638 58.2 220,562 185,180 19.1
Net sales (CLP/HL) 58,866 42,329 39.1 53,915 49,070 9.9
Cost of sales (53,395) (40,816) 30.8 (116,618) (109,292) 6.7
% of Net sales 55.7 67.3 (1.163) bps 52.9 59.0 (615) bps
Gross profit 42,505 19,822 114.4 103,943 75,888 37.0
% of Net sales 44.3 32.7 1,163.0 47.1 41.0 615.0
MSD&A (52,162) (41,842) 24.7 (107,105) (99,335) 7.8
% of Net sales 54.4 69.0 (1.461) bps 48.6 53.6 (508) bps
Other operating income/(expenses) 59 3,395 (98.3) 3,784 6,819 (44.5)
EBIT (9,598) (18,624) (48.5) 623 (16,629) 103.7
EBIT margin (10.0) (30.7) 2,071 bps 0.3 (9.0) 926 bps
EBITDA (2,223) (11,831) (81.2) 14,483 (1,914) 856.6
EBITDA margin (2.3) (19.5) 1,719 bps 6.6 (1.0) 760 bps
(In ThHL or CLP million unless stated otherwise) 2Q21 2Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 64,782 58,365 11.0 121,185 107,877 12.3
Net sales (CLP/HL) 156,739 151,621 3.4 158,204 156,998 0.8
Cost of sales (40,240) (35,314) 13.9 (74,022) (63,085) 17.3
% of Net sales 62.1 60.5 161.0 61.1 58.5 260.0
Gross profit 24,542 23,051 6.5 47,163 44,792 5.3
% of Net sales 37.9 39.5 (161) bps 38.9 41.5 (260) bps
MSD&A (16,556) (15,633) 5.9 (31,948) (30,847) 3.6
% of Net sales 25.6 26.8 (123) bps 26.4 28.6 (223) bps
Other operating income/(expenses) 38 91 (57.8) 200 410 (51.3)
EBIT 8,024 7,508 6.9 15,415 14,355 7.4
EBIT margin 12.4 12.9 (48) bps 12.7 13.3 (59) bps
EBITDA 10,809 10,384 4.1 20,989 20,023 4.8
EBITDA margin 16.7 17.8 (111) bps 17.3 18.6 (124) bps
(In ThHL or CLP million unless stated otherwise) 2Q21 2Q20 Total change % YTD2021 YTD2020 Total change %
Volumes (36) (27) 33.1 (58) (37) 54.5
Net sales (7,123) (5,745) 24.0 (11,769) (9,935) 18.5
Net sales (CLP/HL)
Cost of sales 3,730 2,851 30.8 6,536 4,887 33.7
% of Net sales
Gross profit (3,392) (2,894) 17.2 (5,232) (5,048) 3.7
% of Net sales
MSD&A (2,091) (1,174) 78.0 (5,231) (2,425) 115.7
% of Net sales
Other operating income/(expenses) 34 34 1.1 49 85 (42.5)
EBIT (5,449) (4,035) 35.1 (10,414) (7,388) 41.0
EBIT margin
EBITDA (4,945) (3,435) 43.9 (9,229) (6,111) 51.0
EBITDA margin
(In ThHL or CLP million unless stated otherwise) 2Q21 2Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 6,759 5,181 30.5 15,801 13,811 14.4
Net sales 469,995 318,376 47.6 1,039,634 829,609 25.3
Net sales (CLP/HL) 69,539 61,454 13.2 65,797 60,068 9.5
Cost of sales (249,567) (183,809) 35.8 (529,838) (441,248) 20.1
% of Net sales 53.1 57.7 (463) bps 51.0 53.2 (222) bps
Gross profit 220,428 134,567 63.8 509,796 388,361 31.3
% of Net sales 46.9 42.3 463 bps 49.0 46.8 222 bps
MSD&A (185,974) (145,673) 27.7 (379,938) (341,214) 11.3
% of Net sales 39.6 45.8 (619) bps 36.5 41.1 (458) bps
Other operating income/(expenses) 216 3,649 (94.1) 4,560 7,835 (41.8)
EBIT 34,670 (7,457) 564.9 134,419 54,981 144.5
EBIT margin 7.4 (2.3) 972 bps 12.9 6.6 630 bps
EBITDA 61,576 19,654 213.3 188,123 110,384 70.4
EBITDA margin 13.1 6.2 693 bps 18.1 13.3 479 bps
(In ThHL or CLP million unless stated otherwise) June 30
2021
December 31
2020
ASSETS
Cash and cash equivalents 374,995 396,389
Other current assets 575,628 563,617
Total current assets 950,623 960,006
PP&E (net) 1,125,851 1,082,516
Other non current assets 475,963 482,815
Total non current assets 1,601,814 1,565,330
Total assets 2,552,438 2,525,337
LIABILITIES
Short term financial debt 93,054 74,064
Other liabilities 470,275 447,460
Total current liabilities 563,329 521,524
Long term financial debt 395,157 440,077
Other liabilities 154,266 154,917
Total non current liabilities 549,423 594,994
Total Liabilities 1,112,752 1,116,518
EQUITY
Paid-in capital 562,693 562,693
Other reserves (175,762)
Retained earnings 939,443 921,805
Total equity attributable to equity holders of the parent 1,326,374 1,296,574
Non – controlling interest 113,311 112,244
Total equity 1,439,686 1,408,819
Total equity and liabilities 2,552,438 2,525,337
June 30
2021
December 31
2020
Total Financial Debt 488,211 514,141
Net Financial Debt 113,216 117,752
Liquidity ratio 1.7 1.8
Total Financial Debt / Capitalization 0.3 0.3
Net Financial Debt / EBITDA 0.3 0.4