Compania Cervecerias Unidas S.a. · BCS:CCU
Compania Cervecerias Unidas — Q2 2025 Earnings Presentation
25 slides from Compania Cervecerias Unidas's earnings presentation, Aug 7, 2025
Slide 1: Corporate Presentation – Second Quarter 2025
Corporate Presentation Investor Relations Second Quarter 2025
Slide 2: Disclaimer
Disclaimer Statements made in this presentation relate to CCU’s projections. Because of these risks and uncertainties, subsequent to the date of this presentation as we future performance or financial results are “forward- potential investors should not rely on these forward- undertake no obligation
Slide 3: CCU Overview
1. CCU Overview 2. Market Overview 3. Performance Overview 4. Corporate Governance CCU OVERVIEW
Slide 4: Ownership structure
Ownership structure(1) Quiñenco Heineken 50.00% 50.00% IRSA(2) ADR Local(3) 18.79% 65.87% 15.45% 18.68% Market Capitalization(4) = Bn USD 2.4 (1) Figures as of June 30, 2025. Number of shares 369,502,872; (2) Inversiones y Rentas S.A. (IRSA) owns directly 59.03% of CCU’s equity and 6.84% through Inv
Slide 5: Regional multicategory beverages player
Regional multicategory beverages player Contribution by Operating segment (As of December 31st, 2024)(1) 3 Operating segments 6 Geographies Total International Chile Business Wine Other(2) Consolidated Central Cervecera Chile Colombia Colombia(6) (CCC) (JV) Volume(3) mln HL 33.8 22.7 9.8 1.4 (0.1) B
Slide 6: Leader with a strong & diversified brand portfolio
Leader with a strong & diversified brand portfolio Core Categories Synergic Categories TOTAL 2024 Market Proprietary Beer Non Alcoholic Wine, Spirits and Cider Share(1) Brands(2) Chile 44.9%(3) 67.2% Carbonated Soft Drinks Water Functional & Juices Pisco Rum Cider Other Spirits International Busines
Slide 7: Multicategory scale in manufacturing, sales & logistics
Multicategory scale in manufacturing, sales & logistics Sales by channel (1) Distribution Points Number of Plants centers(2) of sale Retail Supermarket Indirect 4 Beer(8) Chile 8 Non Alcoholic 29 111,134(3) 49% 30% 21% 5 Spirits 3 Beer 2 Cider 11 215,750(5) 7% 19% 74% 2 Non Alcoholic(9) Internationa
Slide 8: Value Creation Model
Value Creation Model SER ccu Corporate Governance WHAT DOES INSPIRE US? ‘Main natural raw materials: + Barley, hops and sugar, among others, “Water + Energy (electric and thermal) © Enjoy responsibly © Country progress (Financial D) Financial + CLP 3,989,717 million Total Assets Purpose CPW rrincipt
Slide 9: Business model combines focus and synergies across all Operating segments and JV
Business model combines focus and synergies across all Operating segments and JV Joint ventures Operating segments (JVs) Chile International Business Wine Colombia Corporate Functions SYNERGIES Centers of SYNERGIES Excellence(1) Shared Services SYNERGIES Production FOCUS BY CATEGORY Marketing FOCUS
Slide 10: Proven track record in diversification, inorganic growth and long-term alliances
Proven track record in diversification, inorganic growth and long-term alliances Diversification from a Chile beer based company into a regional multicategory branded beverage company • Since its foundation in 1850 until 1916, CCU was focused on the Chilean beer industry Countries Strategic Acquisit
Slide 11: CCU’s Strategic Plan 2025-2027
CCU’s Strategic Plan 2025-2027 1 2 3 Improve operational margins Capitalize on growth opportunities Progress in “Juntos por un Mejor Vivir” Efficiency Management (GEF) under 2 Mature businesses: Maintain/increase Advance in our 2030 Sustainability strategy dimensions and 7 focus areas, seeking to br
Slide 12: Sustainability Strategy – “Living better together”
Sustainability Strategy – “Living better together”(1) 1 STRATEGY OUR PLANET OUR PEOPLE 2 PILLARS WATER BALANCE SER CCU EXPERIENCE CIRCULAR ECONOMY PASSION FOR THE CONSUMER CLIMATE ACTION ENJOY RESPONSIBLY 8 AGENDAS RESPONSIBLE SUPPLY CHAIN COUNTRY PROGRESS 10 GOALS FOR OUR PLANET GOALS FOR OUR PEOPL
Slide 13: Pillar – Our Planet
Pillar – Our Planet 4 AGENDAS & 10 GOALS FOR OUR PLANET BY 2030 WATER BALANCE CIRCULAR ECONOMY CLIMATE ACTION 60% ZERO Industrial waste to landfill 50% Reduction of industrial water Carbon emissions reduction of consumption (2.08 hl/hl)(1) (99.4% Valorization of industrial solid scopes 1 and 2 (4.4
Slide 14: Pillar – Our People
Pillar – Our People 4 AGENDAS & 10 GOALS FOR OUR PEOPLE BY 2030 SER CCU EXPERIENCE COUNTRY PROGRESS ENJOY RESPONSIBLY 100% 100% To be recognized by a third party as an employer of excellence Top Employer Chile Community Plans in strategic Implementation of the Responsible territories Alcohol Consump
Slide 15: Market Overview
1. CCU Overview 2. Market Overview 3. Performance Overview 4. Corporate Governance MARKET OVERVIEW
Slide 16: Strong market position in growing and highly attractive categories
Strong market position in growing and highly attractive categories # CCU’S Market position by volume – Dec 31st, 2024 RTD Liters per capita in 2024 1 2 2 4 3 2 Beer USA 461 74 535 Carbonated 2 3 3 2 Soft Drinks(8) Uruguay 340 53 393 Juices / 1 1 1 Nectar 1 2 2 Argentina 262 57 319 1 Water(2) Functio
Slide 17: Performance Overview
1. CCU Overview 2. Market Overview 3. Performance Overview 4. Corporate Governance PERFORMANCE OVERVIEW
Slide 18: Long-term performance: proven track record
Long-term performance: proven track record (9) (7) (8) CAGR(2) Consolidated(1) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 02-24 Volume 10.2 11.1 11.4 12.3 13.4 14.2 15.7 16.3 17.3 18.4 19.9 21.9 22.9 23.9 24.8 26.0 28.5 30.0 30.
Slide 19: Mid-term performance: shows growing results, despite negative external effects
Mid-term performance: shows growing results, despite negative external effects Consolidated Colombia (JV)(2) Net Sales (bn CLP) EBITDA (bn CLP)(3) Volume (mln HL) Volume (mln HL) 2,905 2,485 1,298 2,566 1,858 1,823 33.8 358 2,711 22.9 387 30.0 30.7 34.7 34.3 445 230 33.1 358 379 296 336 2.3 2.2 0.1
Slide 20: Short-term performance: Consolidated results
Short-term performance: Consolidated results Consolidated Organic(1) Organic(1) 2Q25 2Q24 Δ % / bps YTD 2025 YTD 2024 Δ % / bps (mln CLP) Δ % / bps Δ % / bps Volume (Th HL) 7,165 6,010 19.2 4.7 17,279 14,962 15.5 0.8 Net Sales 579,914 524,641 10.5 4.8 1,397,584 1,270,665 10.0 3.7 Gross margin 40.8 4
Slide 21: Short-term performance: Results per operating segment
Short-term performance: Results per operating segment Organic Organic Operating segments (mln CLP) 2Q25 2Q24 Δ % / bps Δ % / bps 2Q25 2Q24 Δ % / bps Δ % / bps Volume (Th HL) 4,557 4,414 3.2 11,020 11,002 0.2 Net Sales 389,247 355,676 9.4 905,042 857,552 5.5 Gross margin 42.2 41.1 115 bps 44.1 44.7 (
Slide 22: Balance sheet: Stable financial ratios and stronger cash generation
Balance sheet: Stable financial ratios and stronger cash generation Assets Liabilities and Equity As of Jun 30th, 2025 As of Dec 31st, 2024 As of Jun 30th, 2025 As of Dec 31st, 2024 (mln CLP) (mln CLP) Cash and cash equivalents 511,260 707,123 Financial debt 1,263,645 1,411,189 Other current assets
Slide 23: Corporate Governance
4. Corporate 1. CCU Overview 2. Market Overview 3. Performance Overview Governance CORPORATE GOVERNANCE
Slide 24: Corporate Governance
Corporate Governance Board of Directors (BOD) Directors’ Committee • The Board of Directors : Board of Directors’ Code of Conduct • The Directors’ Committee is composed of 3 o Is composed of 9 board members (1 board members (1 independent according to the independent according to the Chilean Chilean
Slide 25: Corporate Presentation – Investor Relations
Corporate Presentation Investor Relations Second Quarter 2025
Compania Cervecerias Unidas — Q2 2025 Earnings Presentation on 6ix