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. . In Chile, CCU is one of the main players in each of the categories in which it participates, including: beer, soft drinks, mineral and bottled waters, nectars, wine and pisco. At a regional level, it is the second largest brewer in Argentina, where it also operates in the cider, spirits and wine industries. Additionally, since 2022 it operates through a joint venture with Danone in the category of mineral waters and flavored waters. In Bolivia, it is present in beer, water and soft drinks, non-alcoholic and malt-based categories. In Uruguay and Paraguay, it operates in the beer, mineral and bottled water, soft drinks, wine and nectars categories. In Colombia, CCU is present in beer and malt-based beverages, through the joint venture with Postobón S.A. and its related parties (“Grupo Postobón”), established in 2014. At the end of 2022, the company maintains license and/or distribution agreements with Heineken Brouwerijen B.V., PepsiCo Inc., Seven-up International, Schweppes Holdings Limited, Société des Produits Nestlé S.A., Pernod Ricard Chile S.A., Promarca S.A. (Watt’s), Red Bull Panama S.A., Stokely Van Camp Inc., and Coors Brewing Company.

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, 2022.

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

CCU has over 10,500 employees and annually produces around 34 million hectoliters of beverages, reaching around 590 thousand sales or contacts points in Chile. Argentina, Bolivia, Paraguay and Uruguay.

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$2,711,435 million as of December 31, 2022

*Percentages calculated over revenues excluding Other/Eliminations

EBITDA* by Operating Segment

Ch$357,929 million as of December 31, 2022*

* Percentages calculated over EBITDA excluding Other/Eliminations

Ownership Structure

as of December 31, 2022