Compania Cervecerias Unidas, S.A. (CCU) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to CCU's second quarter 2025 earnings conference call on the 7th of August, 2025. Please note that today's call is being recorded. At this time, I'd like to turn the conference call over to Claudio Lazeras, the head of investor relations. Please go ahead, sir. Welcome, and thank you for attending CCU's second quarter 2025 conference call. Today with me are Mr. Felipe Duvernet, Chief Financial Officer, Mr. Joaquin Perejo, Financial Planning and Investor Relations Manager, and Ms. Carolina Burgos, Senior Investor Relations Analyst. You have received a copy of the company's consolidated second quarter 2025 earning release. The call will start by reviewing our overall results And then we will move on to a Q&A session. As usual, before we begin, please take note of the following statement. The statements made in this call that relate to CCU's future financial results are forward-looking statements, which, of course, involve known and unknown risks and uncertainty 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. Security and Exchange Commission and in the annual report submitted to the CMS and available on our website. For today's conference, As we stated in our second quarter 25 financial report, annual variations and references regarding EBITDA and net income exclude the non-recurring gain from the sale of a portion of land in Chile in the second quarter 2024. Also, organic variations to which we will refer next, exclude the consolidation of PABO in Argentina and ADE in Paraguay. For more details to this, see footnote 3 of our second quarter 25 financi...