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Financial Reports 2021

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Earnings Release
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20-F Form
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD21 YTD20 Total change %
Volumes 9.042 8.630 4,8 9.042 8.630 4,8
Net sales 569.639 511.233 11,4 569.639 511.233 11,4
Gross profit 289.369 253.795 14,0 289.369 253.795 14,0
EBIT 99.749 62.438 59,8 99.749 62.438 59,8
EBITDA 126.547 90.730 39,5 126.547 90.730 39,5
Net income 64.384 32.235 99,7 64.384 32.235 99,7
Earnings per share (CLP) 174,2 87,2 99,7 174,2 87,2 99,7
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 569,639 511,233 11.4 569,639 511,233 11.4
Cost of sales (280,271) (257,438) 8.9 (280,271) (257,438) 8.9
% of Net sales 49.2 50.4 49.2 50.4
Gross profit 289,369 253,795 14.0 289,369 253,795 14.0
MSD&A (193,964) (195,542) (0.8) (193,964) (195,542) (0.8)
% of Net sales 34.1 38.2 34.1 38.2
Other operating income/(expenses) 4,344 4,186 3.8 4,344 4,186 3.8
EBIT 99,749 62,438 59.8 99,749 62,438 59.8
EBIT margin % 17.5 12.2 17.5 12.2
Net financial expenses (3,815) (4,658) (18.1) (3,815) (4,658) (18.1)
Equity and income of JVs and associated (596) (2,825) (78.9) (596) (2,825) (78.9)
Foreign currency exchange differences (1,387) (3,89) (64.3) (1,387) (3,89) (64.3)
Results as per adjustment units 68 (2,199) (103.1) 68 (2,199) (103.1)
Other gains/(losses) (1,041) 7,388 (114.1) (1,041) 7,388 (114.1)
Non-operating result (6,772) (6,184) 9.5 (6,772) (6,184) 9.5
Income/(loss) before taxes 92,977 56,254 65.3 92,977 56,254 65.3
Income taxes (23,532) (20,339) 15.7 (23,532) (20,339) 15.7
Net income for the period 69,445 35,916 93.4 69,445 35,916 93.4
Net income attributable to:
The equity holders of the parent 64,384 32,235 99.7 64,384 32,235 99.7
Non-controlling interest (5,061) (3,681) 37.5 (5,061) (3,681) 37.5
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 6,249 5,997 4.2 6,249 5,997 4.2
Net sales 393,220 341,369 15.2 393,220 341,369 15.2
Net sales (CLP/HL) 62,925 56,921 10.5 62,925 56,921 10.5
Cost of sales (186,071) (163,227) 14.0 (186,071) (163,227) 14.0
% of Net sales 47.3 47.8 47.3 47.8
Gross profit 207,149 178,142 16.3 207,149 178,142 16.3
% of Net sales 52.7 52.2 52.7 52.2
MSD&A (120,488) (121,583) (0.9) (120,488) (121,583) (0.9)
% of Net sales 30.6 35.6 30.6 35.6
Other operating income/(expenses) 442 391 442 391
EBIT 87,103 56,949 52.9 87,103 56,949 52.9
EBIT margin 22.2 16.7 22.2 16.7
EBITDA 103,946 73,848 40.8 103,946 73,848 40.8
EBITDA margin 26.4 21.6 26.4 21.6
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 124,662 124,542 0.1 124,662 124,542 0.1
Net sales (CLP/HL) 50,639 53,194 (4.8) 50,639 53,194 (4.8)
Cost of sales (63,224) (68,476) (7.7) (63,224) (68,476) (7.7)
% of Net sales 50.7 55.0 50.7 55.0
Gross profit 61,438 56,066 9.6 61,438 56,066 9.6
% of Net sales 49.3 45.0 49.3 45.0
MSD&A (54,943) (57,494) (4.4) (54,943) (57,494) (4.4)
% of Net sales 44.1 46.2 44.1 46.2
Other operating income/(expenses) 3,725 3,423 3,725 3,423
EBIT 10,221 1,995 412.2 10,221 1,995 412.2
EBIT margin 8.2 1.6 8.2 1.6
EBITDA 16,706 9,917 68.5 16,706 9,917 68.5
EBITDA margin 13.4 8.0 13.4 8.0
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD2021 YTD2020 Total change %
Net sales 56,403 49,512 13.9 56,403 49,512 13.9
Net sales (CLP/HL) 159,921 163,848 (2.4) 159,921 163,848 (2.4)
Cost of sales (33,782) (27,771) 21.6 (33,782) (27,771) 21.6
% of Net sales 59.9 56.1 59.9 56.1
Gross profit 22,621 21,741 4.0 22,621 21,741 4.0
% of Net sales 40.1 43.9 40.1 43.9
MSD&A (15,392) (15,214) 1.2 (15,392) (15,214) 1.2
% of Net sales 27.3 30.7 27.3 30.7
Other operating income/(expenses) 162 320 162 320
EBIT 7,391 6,847 7.9 7,391 6,847 7.9
EBIT margin 13.1 13.8 13.1 13.8
EBITDA 10,180 9,639 5.6 10,180 9,639 5.6
EBITDA margin 18.0 19.5 18.0 19.5
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD2021 YTD2020 Total change %
Volumes (22) (10) (22) (10)
Net sales (4,646) (4,190) 10.9 (4,646) (4,190) 10.9
Net sales (CLP/HL)
Cost of sales 2,806 2,036 37.8 2,806 2,036 37.8
% of Net sales
Gross profit (1,840) (2,154) (14.6) (1,840) (2,154) (14.6)
% of Net sales
MSD&A (3,140) (1,251) 151.0 (3,140) (1,251) 151.0
% of Net sales
Other operating income/(expenses) 15 51 15 51
EBIT (4,965) (3,353) 48.1 (4,965) (3,353) 48.1
EBIT margin
EBITDA (4,284) (2,675) 60.2 (4,284) (2,675) 60.2
EBITDA margin
(In ThHL or CLP million unless stated otherwise) 1Q21 1Q20 Total change % YTD2021 YTD2020 Total change %
Volumes 9,042 8,630 4.8 9,042 8,630 4.8
Net sales 569,639 511,233 11.4 569,639 511,233 11.4
Net sales (CLP/HL) 62,999 59,236 6.4 62,999 59,236 6.4
Cost of sales (280,271) (257,438) 8.9 (280,271) (257,438) 8.9
% of Net sales 49.2 50.4 49.2 50.4
Gross profit 289,369 253,795 14.0 289,369 253,795 14.0
% of Net sales 50.8 49.6 50.8 49.6
MSD&A (193,964) (195,542) (0.8) (193,964) (195,542) (0.8)
% of Net sales 34.1 38.2 34.1 38.2
Other operating income/(expenses) 4,344 4,186 4,344 4,186
EBIT 99,749 62,438 59.8 99,749 62,438 59.8
EBIT margin 17.5 12.2 17.5 12.2
EBITDA 126,547 90,730 39.5 126,547 90,730 39.5
EBITDA margin 22.2 17.7 22.2 17.7
(In ThHL or CLP million unless stated otherwise) March 31
2021
December 31
2020
ASSETS
Cash and cash equivalents 467,671 196,369
Other current assets 539,379 592,913
Total current assets 1,007,050 789,282
PP&E (net) 1,095,146 1,071,730
Other non current assets 472,250 492,679
Total non current assets 1,567,396 1,564,409
Total assets 2,574,446 2,353,691
LIABILITIES
Short term financial debt 73,492 68,386
Other liabilities 481,289 414,896
Total current liabilities 554,781 483,282
Long term financial debt 439,734 261,769
Other liabilities 158,241 165,712
Total non current liabilities 597,975 427,481
Total Liabilities 1,152,756 910,763
EQUITY
Paid-in capital 562,693 562,693
Other reserves (187,768) (137,503)
Retained earnings 929,959 902,863
Total equity attributable to equity holders of the parent 1,304,884 1,328,054
Non – controlling interest 116,806 114,873
Total equity 1,421,690 1,442,927
Total equity and liabilities 2,574,446 2,353,691
March 31
2021
December 31
2020
Total Financial Debt 513,226 330,155
Net Financial Debt 45,554 133,786
Liquidity ratio 1.8 1.6
Total Financial Debt / Capitalization 0.3 0.2
Net Financial Debt / EBITDA 0.1 0.5