Business

Viña Concha y Toro S A : CONSOLIDATED RESULTS 1Q26

Viña Concha y Toro S A : CONSOLIDATED RESULTS

Vina Concha Y Toro S.a.May 5, 20263
Viña Concha y Toro S A : CONSOLIDATED RESULTS 1Q26

About this update from Vina Concha Y Toro S.a.

P R E S S R E L E A S E V INA CONCHA Y T ORO F A M I L Y 0 F W I N E R I E S Index CHAPTER 01 Summary CHAPTER 02 CEO's Comments CHAPTER 03 1Q26 Results CHAPTER 04 Income Statement CHAPTER 05 Statement of Financial Position as of March 31, 2026 Press Release (*) Viña Concha y Toro (*) The consolidated figures used in the following analysis are denominated in Chilean pesos in adherence to the reporting standards established by the Financial Markets Commission of Chile. As a result of rounding, the numbers presented throughout this document may not add up precisely to the totals provided, and percentages may not exactly reflect the absolute figures. About Viña Concha y Toro Founded in 1883, Viña Concha y Toro is the leading Latin American winemaker and one of the world's largest wine companies. With over 12,000 hectares of vineyards spread across Chile, Argentina, and the United States, the Company's wine portfolio boasts iconic brands such as Don Melchor, Almaviva (a 50%-50% joint venture with Baron Philippe de Rothschild), its flagship brand Casillero del Diablo, Trivento from Argentina, and Bonterra brands from California. Forward-Looking Statements Investor Presentation Wednesday, May 6, 11:00 a.m. Contact: Daniela Lama Head of Investor Relations [email protected] [email protected] This press release may contain some forward-looking statements about the Company's financial condition, results of operations, and business, as well as specific plans and objectives related to these matters. Forward-looking statements are declarations of the intentions, beliefs, or expectations of Viña Concha y Toro and its administration regarding the Company's future results. Forward-looking statements inherently carry risk and uncertainty as they pertain to future events and circumstances. CHAPTER 01 Summary M: Million CHAPTER 02 CEO's Comments The first quarter of 2026 has been marked by disciplined execution in a challenging global environment, where Viña Concha y Toro has maintained a solid trajectory, prioritizing profitability and the value of our strategic brands. Commercial Performance and Currency Resilience I would like to highlight the strength of our international operations: revenue in dollars from export markets (excluding the U.S.) grew by 5.8%. Although the lower exchange rate turned this increase into a -2.2% variation in Chilean pesos, the underlying data confirms the robustness of demand for our portfolio in foreign markets. In the local market, despite a 1.5% decrease in wine sales revenue, we achieved a 4.1% increase in average price, consistent with our value strategy. Strategic Rationalization and Premiumization We are decisively executing a rationalization of our portfolio, as part of the premiumization strategy initiated in early 2018 and reaffirmed in late 2022, in response to structural shifts in consumer trends that the Company anticipated early on. This strategy entails a planned reduction in volumes within lower-value segments. This approach has enabled continued improvement in our product mix, with Premium and Superior wines accounting for 53.7% of consolidated revenues. In this context, the Casillero del Diablo Universe demonstrated resilience, maintaining stable volumes despite a declining market. Cost and Expense Improvements: In line with previous disclosures, the Company has continued to make meaningful progress in optimizing its cost and expense structure, focused on business simplification, portfolio rationalization, and enhanced operational efficiency. These initiatives are part of a broader structural efficiency program expected to generate savings of approximately CLP$28 billion by the end of 2027, strengthening the Company's value creation capacity and resilience in a higher cost environment. Already in the quarter, efficiency initiatives resulted in costs representing 61.2% of sales, a trend we expect to continue improving, supported by the results of the current harvest.

View stock analysis, news, and events for Vina Concha Y Toro S.a.

More from Vina Concha Y Toro S.a.

All Vina Concha Y Toro S.a. news →