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Viña Concha y Toro S A : Investors Presentation 1Q26
Viña Concha y Toro S A : Investors Presentation

About this update from Vina Concha Y Toro S.a.
Results Presentation V I Ñ A C O N C H A Y T O R O 2 01 Summary Osvaldo Solar - CFO 02 1Q26 Sales Analysis Daniela Lama - Head of IR 03 1Q26 Results Osvaldo Solar - CFO 1Q26 Results Presentation Index 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 3 01 Summary Osvaldo Solar - CFO 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 4 Viña Concha y Toro delivered a quarter of disciplined execution, focused on profitability and value. The Company made decisive progress in premiumization and portfolio rationalization, reaching a 53.7% mix of Premium and Superior wines, alongside improvements in pricing in local currency and greater efficiencies in costs and expenses. 53.7% 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 5 1Q2C vs 1Q25 Sunnary W I N E S A L E S (7.9%) up to CLP$ 178,000 M ( - 7.8% consolidated sales) P R E M I U M I Z A T I O N 58.1% Wine Mix Portfolio P+I ( +160 bp 53.7% ) Total Mix Portfolio P+I +140 bp G R O S S M A R G I N E B I T D A M A R G I N N E T M A R G I N 38.8% (+20 bp) Gross Profit reached CLP$ 74,730 M (-7.3%) 12.3% (-240 bp) EBITDA reached CLP$ 23,758 M (-22.9%) 4.6% (-200 bp) Net Income reached CLP$ 8,77G M (-36.3%) M = Million 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 6 02 1Q26 Sales Analysis Daniela Lama - Head of IR 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 7 7.8% drop in Consolidated Sales vs 1Q25 EXPLAINED BY VOLUME/MIX AND EXCHANGE RATE (FX) EFFECT (MILLIONS OF CLP$) 208,978 (13,396) (2,619) (351) ,613 1G2 CONSOLIDATED SALES 1Q25 VOLUME/MIX EFFECT FX SALES EFFECT OTHERS CONSOLIDATED SALES 1Q26 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 8 Sales per Volune - Only Wine QUARTERLY DEVELOPMENT (THOUSANDS OF 9LC) 5,851 1Q25 1Q26 9 6,27 7,915 7,758 7,705 7,581 5,851 6,279 6,476 8,386 8,611 (6.8%) VAR vs 1Q25 2026 2025 1Q 2Q 3Q 4Q 1Q26 CONCLUSIONS: • +0.2% in Premium and Superior segments -11.1% in Varietal and Inferior segments 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O G Sales per Volune - Preniun and Superior segnents QUARTERLY DEVELOPMENT (THOUSANDS OF 9LC) 2,358 2,364 1Q25 1Q26 2,358 2,228 2,364 4 2,77 2,806 2,910 73 2,8 3,353 3,430 +0.2% VAR vs 1Q25 2026 2025 1Q 2Q 3Q 4Q 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 10 Sales per Value - Only Wine 193, 341 178,0 00 QUARTERLY DEVELOPMENT (MILLIONS OF CLP$) 193,341 191,553 178,000 964 214, ,512 224 254,661 644 236, 624 233, 262,284 1Q 2Q 3Q 4Q (7.9%) 2026 2025 1Q26 1Q25 VAR vs 1Q25 1Q26 CONCLUSIONS: -5.1% in Premium and Superior segments -11.6% in Varietal and Inferior segments 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 11 Sales per Value - Preniun and Superior segnents QUARTERLY DEVELOPMENT (MILLIONS OF CLP$) 151,505 144,243 130, 830 132, 576 107,954 122 ,795 118, 694 102,4G2 101,284 1Q 2Q 3Q 4Q (5.1%) VAR vs 1Q25 2026 2025 1Q25 1Q26 ,4G2 102 954 107, 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 12 Quarterly perfornance by Region ONLY WINE VAR % VALUE 1Q25 2Q25 3Q25 4Q25 1Q26 EUROPE (0.3%) 8.1% 10.9% (1.1%) (2.1%) AMERICA (EX-EE.UU.) (4.1%) 5.9% 20.4% 5.5% 4.8% US 8.7% (8.8%) 14.3% (14.2%) (32.2%) CHILE 3.8% 4.5% 2.5% 0.3% (1.5%) ASIA, AFRICA, OTHERS (0.7%) 3.3% (13.4%) (13.5%) (24.0%) THE TOP 5 COUNTRIES REPRESENT 75.1% OF WINE VALUE AS OF 1 Q 26 1Q26 COMMENTS: Brazil and Mexico with growth in sales in both value and volume. Of the twenty main wine sales markets, 6 grew at rates above 10%, 5 at rates between 0% and 10%, and 9 declined, the most significant being the U.S., UK, Japan, and the Netherlands. 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O Quarterly perfornance by Main Brand Groups ONLY WINE VAR % VOLUME 1Q25 2Q25 3Q25 4Q25 1Q26 CASILLERO DEL DIABLO UNIVERSE* 7.8% 2.2% 6.7% (0.9%) 0.2% TRIVENTO** 3.1% (5.2%) 2.1% (2.3%) (1.G%) BONTERRA** 21.4% 10.0% 3.0% (19.5%) (G.8%) CONO SUR*** (19.6%) 5.4% 0.1% 0.5% (2.7%) FRONTERA (13.2%) (3.8%) (4.2%) (2.9%) (25.5%) RESERVADO 19.9% 8.8% 16.9% 11.0% 1.4% 1Q26 COMMENTS: Frontera's decline is mostly due to lower sales in the US. (*): Includes Casillero del Diablo brands + line extensions + Diablo. (**): For Trivento and Bonterra, line extensions are also included. (***): For Cono Sur, the entire Cono Sur origin is included. 13 MAJOR BRANDS REPRESENT 72.6% OF WINE VOLUME AS OF 1 Q 26 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 14 1Q2C Mi: Preniun ONLY WINE +160 bp in mix principal + invest (only wine) 56.6% 58.1% +1C0 bp 1Q25 1Q26 PRINCIPAL + INVEST OTHERS 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 15 03 1Q26 Results Osvaldo Solar - CFO 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 16 Operational Result (EBIT) QUARTERLY DEVELOPMENT (MILLIONS OF CLP$) 39,311 33, 241 30, 121 31,948 28 ,161 21,511 21,479 25,65 4 23,760 15,225 1Q 2Q 3Q 4Q (29.1%) VAR vs 1Q25 2026 2025 21,479 15,225 1Q25 1Q26 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 17 EBIT Margin QUARTERLY DEVELOPMENT 10.4% 10.3% 7.G% 8.8% 11.8% 0% 11. .5% 11 13.9% 0% 12. 0% 14. 10.3% 7.G% 1Q25 1Q26 (240 bp) VAR vs 1Q25 2026 2025 1Q 2Q 3Q 4Q 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O EBITDA QUARTERLY DEVELOPMENT 23,758 1Q25 1Q26 818 30, (MILLIONS OF CLP$) 50,996 42, 925 41, 843 42,891 37, 209 30,818 34, 353 29,381 23,758 2025 1Q 2Q 3Q 4Q 18 (22.9%) VAR vs 1Q25 2026 2024 2025 2026 EBITDA: Profit (loss) from operating activities + Depreciation & Amortization expenses + Write-offs. 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O 1G EBITDA Margin QUARTERLY DEVELOPMENT 14.7% 14.3% 12.3% 15.9% 8% 14. 2% 15. 7% 16. 18.0% 1% 18. 12.3% 1Q25 1Q26 7% 14. (240 bp) VAR vs 1Q25 2026 2025 1Q 2Q 3Q 4Q 2024 2025 2026 1Q26 Results Presentation V I Ñ A C O N C H A Y T O R O Currency diversification 1Q26 1.8% N O K 2.3% S E K 2.8% CAD 0.5% A R G 7.6% B R L 7.0% MXN 1.9% CNY 16.3% CLP 21.5% USD 31.6% GBP 6.7% EUR 20 EXCHANGE RATE VARIATION 1Q26 vs 1Q25 (1.7%) CYT INDEX BASKET USD : (7.3%) EUR: 2.9% LIBRA: (1.4%) BRL: 3.1% MXN: 7.2% Currency diversification mitigates the fluctuations of the dollar as a single currency. Thanks to currency diversification, revenue decreased only 1.7% compared to a single currency (USD) (-7.9%): Effect of CLP$G,701 million on net income. (Current basket CLP$-2,751 million vs single currency USD$-12,452 million)
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