Beverage

CCU

Compañía Cervecerías Unidas S.A. (CCU) is a multi-category producer of alcoholic and non-alcoholic beverages with operations in Chile, Argentina, Uruguay, Paraguay, Bolivia and Colombia. CCU also exports wine to over 80 countries. CCU is one of the largest players in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, water (mineral, purified and flavored), energy and sports drinks, nectar, wine and pisco, among others. CCU is the second-largest brewer in Argentina, and also participates in the cider, spirits and wine industries. In Uruguay and Paraguay, the company is present in the beer, mineral and bottled water, soft drinks, nectar, and sports drinks categories. In Bolivia, CCU participates in the beer, water, soft drinks, juice, and malt beverage categories, while in Colombia the company participates in the beer and malt industries. At the closing of 2021, the company holds license and/or distribution agreements with Heineken, PepsiCo, Seven-up, Schweppes, Nestlé S.A., Pernod Ricard, Promarca S.A. (Watt´s) and Coors. It has also developed its own brands, most notably the beers Cristal and Escudo, the soft drinks Bilz and Pap, and the wines of the VSPT Group (Viña San Pedro Tarapacá).

Quiñenco participates in CCU through Inversiones y Rentas S.A., a company in which it has held an equal stake with the Dutch group Heineken since 2003. Together, both companies held 65.9% of the company as of December 31, 2021.

CCU structures its operation based on three pillars that shape its strategy and are permanently balanced: Growth, Profitability and Sustainability.

CCU has over 9,300 employees and annually produces around 35 million hectoliters of beverages, reaching around 400 thousand sales points in Chile and Argentina.

CCU’s shares are traded on the Chilean stock exchanges (Bolsa de Comercio de Santiago de Chile and Bolsa Electrónica de Chile). The company is registered with the Securities and Exchange Commission of the United States of America and trades its American Depositary Shares (ADS) on the New York Stock Exchange.

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Highlights

in millions of Ch$ as of December 31 of each year

Distribution of Revenues by Operating Segment

Ch$2,484,712 million as of December 31, 2021

*Percentages calculated over revenues excluding Other/Eliminations

EBITDA* by Operating Segment

Ch$444,998 million as of December 31, 2021*

* Percentages calculated over EBITDA excluding Other/Eliminations

Ownership Structure

as of December 31, 2021