Compania Cervecerias Unidas, S.A. (CCU) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to CCU's first quarter 2025 earnings conference call on the 8th of May, 2025. Please note that today's call is being recorded. At this time, I'd like to turn the conference call over to Claudio Lazaras, the head of investor relations. Please go ahead, sir. Welcome, and thank you for attending CCU's first quarter 2025 conference call. Today with me are Mr. Patricio Jotal, Chief Executive Officer, Mr. Felipe Duvernet, Chief Financial Officer, Mr. Joaquin Trejo, Financial Planning and Investor Relations Manager, and Mrs. Carolina Burros, Senior Investor Relations Analyst. You have received a copy of the company's consolidated first quarter 2026-2025 earning release. The call will start reviewing our overall results. then we will then move on to our Q&A session. As usual, before we begin, please take note of the following statements. Statements made in this code that relate to CCU future financial results are forward-looking statements which involve known and unknown risks and uncertainties that could cause actual performance or results to materially differ This statement should be taken in conjunction with the additional information about risk and uncertainty set forth in CCU's annual report, in Form 20-F filed with the U.S. Securities and Exchange Commission, and in the annual report submitted to the CMF and available on our website. It is now my pleasure to introduce our CEO, Mr. Patricio, for that. Thank you, Carlos and Claudio, and thank you all for joining us today. In the first quarter of 2025, you delivered higher financial results versus last year, expanding consolidated EBITDA and net income by 6% and 10.7% respectively, in spite of a highly volatile business environment. In this context, organic consolidated volumes, this is exc...