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Investor Presentaiton

PERFORMANCE OVERVIEW Wine International Business Chile M CCU Short-term performance: Quarterly results per operating segment Operating segments 4Q20 4Q19 A% YTD 2020 YTD 2019 A% (mln CLP) Volume (Th HL) 6,712 6,009 11.7% 20,484 19,802 3.4% Net Sales EBIT(1) 418,555 349,388 19.8% 1,242,763 1,164,304 6.7% 82,257 70,201 17.2% 174,662 200,429 (12.9)% EBITDA(2) 101,387 87,322 16.1% 244,768 266,731 (8.2)% EBITDA margin (2) 24.2% 25.0% (77) bps 19.7% 22.9% (321) bps Volume (Th HL) 3,084 2,848 8.3% 8,784 8,899 (1.3)% Net Sales 128,012 178,586 (28.3)% 402,829 464,487 (13.3)% EBIT(1) 19,124 20,456 (6.5)% (1,351) 19,653 (106.9)% EBITDA (2) 23,635 28,687 (17.6)% 24,201 46,730 (48.2)% EBITDA margin(2) 18.5% 16.1% 240 bps 6.0% 10.1% (405) bps Volume (Th HL) 382 344 10.9% 1,538 1,395 10.2% Net Sales 58,429 55,896 4.5% 235,210 212,322 10.8% EBIT(1) 5,544 10,737 (48.4)% 31,529 28,477 10.7% EBITDA (2) EBITDA margin (2) 8,477 14.5% 13,364 23.9% (36.6)% 43,105 38,303 12.5% (940) bps 18.3% 18.0% 29 bps 21 (1) EBIT, also referred to as Adjusted Operating Result, is defined as Net Income before other gains (losses), net financial expense, equity and income of joint ventures, foreign currency exchange differences, result as per adjustment units and income taxes; (2) EBITDA is equivalent to ORBDA (Adjusted Operating Result Before Depreciation & Amortization) used in the Form 20-F.
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