Financial Reports 2020

Solo tablas

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Net sales	822,349	599,629	37.1	2,484,712	1,857,594	33.8
Cost of sales	(431,574)	(304,311)	41.8	(1,291)	(984,036)	31.3
% of Net sales	52.5	50.7	173 bps	52.0	53.0	(99) bps
Gross profit	390,775	295,318	32.3	1,193,152	873,558	36.6
MSD&A	(277,559)	(199,822)	38.9	(882,177)	(704,79)	25.2
% of Net sales	33.8	33.3	43 bps	35.5	37.9	(244) bps
Other operating income/(expenses)	1,782	3,860	(53.8)	9,906	17,823	(44.4)
EBIT	114,998	99,356	15.7	320,881	186,591	72.0
EBIT margin %	14.0	16.6	(259) bps	12.9	10.0	287 bps
Net financial expenses	(7,890)	(7,095)	11.2	(21,397)	(25,263)	(15.3)
Equity and income of JVs and associated	3,588	(703)	(610.5)	226	(8,437)	(102.7)
Foreign currency exchange differences	(2,900)	(1,871)	54.9	(10,149)	2,552	(497.7)
Results as per adjustment units	1,180	422	179.9	2,529	(429)	689.3
Other gains/(losses)	1,589	(13,169)	112.1	9,590	(11,410)	(184.1)
Non-operating result	(4,433)	(22,416)	80.2	(19,200)	(42,988)	55.3
Income/(loss) before taxes	110,565	76,939	43.7	301,680	143,603	110.1
Income taxes	(30,268)	(15,436)	96.1	(82,63)	(35,408)	133.4
Net income for the period	80,297	61,504	30.6	219,051	108,195	102.5

Net income attributable to:
The equity holders of the parent	73,643	55,043	33.8	199,163	96,152	107.1
Non-controlling interest	(6,654)	(6,460)	3.0	(19,888)	(12,043)	65.1

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Net sales	822,349	599,629	37.1	2,484,712	1,857,594	33.8
Cost of sales	(431,574)	(304,311)	41.8	(1,291)	(984,036)	31.3
% of Net sales	52.5	50.7	173 bps	52.0	53.0	(99) bps
Gross profit	390,775	295,318	32.3	1,193,152	873,558	36.6
MSD&A	(277,559)	(199,822)	38.9	(882,177)	(704,79)	25.2
% of Net sales	33.8	33.3	43 bps	35.5	37.9	(244) bps
Other operating income/(expenses)	1,782	3,860	(53.8)	9,906	17,823	(44.4)
EBIT	114,998	99,356	15.7	320,881	186,591	72.0
EBIT margin %	14.0	16.6	(259) bps	12.9	10.0	287 bps
Net financial expenses	(7,89)	(7,095)	11.2	(21,397)	(25,263)	(15.3)
Equity and income of JVs and associated	3,588	(703)	(610.5)	226	(8,437)	(102.7)
Foreign currency exchange differences	(2,9)	(1,871)	54.9	(10,149)	2,552	(497.7)
Results as per adjustment units	1,180	422	179.9	2,529	(429)	689.3
Other gains/(losses)	1,589	(13,169)	112.1	9,590	(11,41)	(184.1)
Non-operating result	(4,433)	(22,416)	80.2	(19,2)	(42,988)	55.3
Income/(loss) before taxes	110,565	76,939	43.7	301,680	143,603	110.1
Income taxes	(30,268)	(15,436)	96.1	(82,63)	(35,408)	133.4
Net income for the period	80,297	61,504	30.6	219,051	108,195	102.5

Net income attributable to:
The equity holders of the parent	73,643	55,043	33.8	199,163	96,152	107.1
Non-controlling interest	(6,654)	(6,46)	3.0	(19,888)	(12,043)	65.1

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Volumes	7,347	6,712	9.5	23,897	20,484	16.7
Net sales	489,665	418,555	17.0	1,578,152	1,242,763	27.0
Net sales (CLP/HL)	66,653	62,364	6.9	66,039	60,671	8.8
Cost of sales	(269,167)	(204,370)	31.7	(810,803)	(626,099)	29.5
% of Net sales	55.0	48.8	614 bps	51.4	50.4	100 bps
Gross profit	220,499	214,185	2.9	767,349	616,664	24.4
% of Net sales	45.0	51.2	(614) bps	48.6	49.6	(100) bps
MSD&A	(149,930)	(132,606)	13.1	(506,892)	(443,637)	14.3
% of Net sales	30.6	31.7	(106) bps	32.1	35.7	(358) bps
Other operating income/(expenses)	488	678	(28.0)	1,077	1,635	(34.1)
EBIT	71,056	82,257	(13.6)	261,534	174,662	49.7
EBIT margin	14.5	19.7	(514) bps	16.6	14.1	252 bps
EBITDA	95,101	101,387	(6.2)	334,617	244,768	36.7
EBITDA margin	19.4	24.2	(480) bps	21.2	19.7	151 bps

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Net sales	272,146	128,012	112.6	677,945	402,829	68.3
Net sales (CLP/HL)	90,212	41,509	117.3	71,936	45,859	56.9
Cost of sales	(126,836)	(66,082)	91.9	(341,082)	(229,669)	48.5
% of Net sales	46.6	51.6	(502) bps	50.3	57.0	(670) bps
Gross profit	145,310	61,930	134.6	336,863	173,160	94.5
% of Net sales	53.4	48.4	502 bps	49.7	43.0	670 bps
MSD&A	(97,428)	(45,911)	112.2	(288,303)	(189,421)	52.2
% of Net sales	35.8	35.9	(6) bps	42.5	47.0	(450) bps
Other operating income/(expenses)	873	3,105	(71.9)	8,005	14,911	(46.3)
EBIT	48,755	19,124	155.0	56,564	(1,351)	>500
EBIT margin	17.9	14.9	298 bps	8.3	(0.3)	868 bps
EBITDA	59,438	23,635	151.5	90,854	24,201	275.4
EBITDA margin	21.8	18.5	338 bps	13.4	6.0	739 bps

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Net sales	69,589	58,429	19.1	261,620	235,210	11.2
Net sales (CLP/HL)	181,957	153,000	18.9	165,302	152,950	8.1
Cost of sales	(42,110)	(35,939)	17.2	(159,494)	(139,513)	14.3
% of Net sales	60.5	61.5	(100) bps	61.0	59.3	165 bps
Gross profit	27,479	22,490	22.2	102,126	95,698	6.7
% of Net sales	39.5	38.5	100 bps	39.0	40.7	(165) bps
MSD&A	(20,151)	(17,081)	18.0	(69,052)	(64,791)	6.6
% of Net sales	29.0	29.2	(28) bps	26.4	27.5	(115) bps
Other operating income/(expenses)	336	135	149.4	606	622	(2.6)
EBIT	7,664	5,544	38.2	33,679	31,529	6.8
EBIT margin	11.0	9.5	152 bps	12.9	13.4	(53) bps
EBITDA	11,298	8,477	33.3	45,691	43,105	6.0
EBITDA margin	16.2	14.5	173 bps	17.5	18.3	(86) bps

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Volumes	(61)	(30)	105.9	(206)	(112)	83.4
Net sales	(9,052)	(5,367)	68.7	(33,004)	(23,208)	42.2
Net sales (CLP/HL)
Cost of sales	6,539	2,080	214.4	19,819	11,245	76.3
% of Net sales
Gross profit	(2,513)	(3,287)	(23.6)	(13,185)	(11,963)	10.2
% of Net sales
MSD&A	(10,049)	(4,224)	137.9	(17,930)	(6,942)	158.3
% of Net sales
Other operating income/(expenses)	85	(57)	(248.3)	218	656	(66.8)
EBIT	(12,477)	(7,569)	64.8	(30,897)	(18,249)	69.3
EBIT margin
EBITDA	(10,435)	(6,965)	49.8	(26,164)	(15,669)	67.0
EBITDA margin

(In ThHL or CLP million unless stated otherwise)	4Q21	4Q20	Total change %	YTD2021	YTD2020	Total change %
Volumes	10,685	10,148	5.3	34,698	30,693	13.0
Net sales	822,349	599,629	37.1	2,484,712	1,857,594	33.8
Net sales (CLP/HL)	76,966	59,090	30.3	71,609	60,522	18.3
Cost of sales	(431,574)	(304,311)	41.8	(1,291,560)	(984,036)	31.3
% of Net sales	52.5	50.7	173 bps	52.0	53.0	(99) bps
Gross profit	390,775	295,318	32.3	1,193,152	873,558	36.6
% of Net sales	47.5	49.3	(173) bps	48.0	47.0	99 bps
MSD&A	(277,559)	(199,822)	38.9	(882,177)	(704,790)	25.2
% of Net sales	33.8	33.3	43 bps	35.5	37.9	(244) bps
Other operating income/(expenses)	1,782	3,860	(53.8)	9,906	17,823	(44.4)
EBIT	114,998	99,356	15.7	320,881	186,591	72.0
EBIT margin	14.0	16.6	(259) bps	12.9	10.0	287 bps
EBITDA	155,402	126,535	22.8	444,998	296,405	50.1
EBITDA margin	18.9	21.1	(220) bps	17.9	16.0	195 bps

(In ThHL or CLP million unless stated otherwise)	December 31 2021	December 31 2020
ASSETS
Cash and cash equivalents	265,568	396,389
Other current assets	825,804	563,617
Total current assets	1,091,372	960,006

PP&E (net)	1,222,261	1,082,516
Other non current assets	533,117	482,815
Total non current assets	1,755,378	1,565,330
Total assets	2,846,751	2,525,337

LIABILITIES
Short term financial debt	107,579	74,064
Other liabilities	673,537	447,460
Total current liabilities	781,115	521,524

Long term financial debt	487,279	440,077
Other liabilities	152,841	154,917
Total non current liabilities	640,120	594,994
Total Liabilities	1,421,235	1,116,518

EQUITY
Paid-in capital	562,693	562,693
Other reserves	(87,256)	(187,924)
Retained earnings	832,181	921,805
Total equity attributable to equity holders of the parent	1,307,618	1,296,574
Non – controlling interest	117,897	112,244
Total equity	1,425,515	1,408,819
Total equity and liabilities	2,846,751	2,525,337

	June 30 2021	December 31 2021
Total Financial Debt	594,858	514,141
Net Financial Debt	329,289	117,752
Liquidity ratio	1.4	1.8
Total Financial Debt / Capitalization	0.3	0.3
Net Financial Debt / EBITDA	0.7	40.0