Compañía Cervecerías Unidas S A : Corporate PresentationFirst Quarter 2021

Corporate Presentation

Investor Relations First Quarter 2021

Statements made in this presentation relate to CCU's

future performance or financial results are "forward-

looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, which are not statements of fact and involve uncertainties that could cause actual performance or results to materially

differ. Forward looking statements include, without

limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe," "anticipate," "expect," "envisages," "will likely result," or

any other words or phrases of similar meaning.

Our forward-looking statements are not guarantees of future performance, and our actual results or other developments may differ materially from the

expectations expressed in the forward-looking

rely on these forward-looking statements. Our

independent public accountants have not examined or

compiled the forward-looking statements and, accordingly, do not provide any assurance with respect to such statements. No representation or warranty, express or implied, is or will be made or given by us or

any of our affiliates or directors or any other person as to

the accuracy or completeness of the information or opinions contained in this presentation and no responsibility or liability is or will be accepted for any such information or opinions.

Although we believe that these forward-looking statements and the information in this presentation are based upon reasonable assumptions and expectations, we cannot assure you that such expectations will prove

to have been correct. The forward-looking statements

cautioned not to place undue reliance on these forward-

looking statements as such statements and information

involve known and unknown risks. These statements should be considered in conjunction with the additional information about risk and uncertainties set forth in CCU's SEC filings: Prospectus supplements dated

September 16, 2013 and September 13, 2013 and the

accompanying Prospectus dated August 15, 2013; CCU's annual report filed with the Chilean Comisión para el Mercado Financiero (CMF) and in CCU's 20-F for the year ended December 31, 2019, filed with the

U.S. Securities and Exchange Commission (SEC).

This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without our prior written

consent. Recipients of this presentation are not to

statements. As for forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainty of estimates, forecasts and projections. Because of these

risks and uncertainties, potential investors should not

represent CCU's views as of the date of this presentation and should not be relied upon as representing our views as of any date subsequent to the date of this presentation as we undertake no obligation

to update any of these statements. Listeners are

construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard.

2

4 (1) Figures as of March 31st, 2021. Number of shares 369,502,872; (2) Inversiones y Rentas S.A. (IRSA) owns directly 54.7% of CCU's equity and 6.8% through Inversiones IRSA LTDA, a 99.9% owned vehicle; (3)

In Chile CCU´s shares are traded on the Santiago Stock Exchange and the Chile Electronic Stock Exchange; (4) Market capitalization of CCU as of March 31st, 2021.

(As of December 31st, 2020)(1)

	30.7	20.5	8.8	1.5	(0.1)
	2,345	1,569	508	297	(29)
	374	309	31	54	(20)
	16.0%	19.7%	6.0%	18.3%	-
	9,051	4,770	2,583	1,280	418

67%	67%	83%
5%	13%	15%

29%

29%

8%

Colombia(5)

Beer

Non Alcoholic

Spirits

Wine &	Chile
Sparkling Wine

Wine export

to 80

countries

Categories Geographies

Beer

Malt

Bolivia

Paraguay

Uruguay

Argentina	Beer
	Non Alcoholic
	Spirits
	Cider
	Malt

1. Average of period exchange rate for 2020: CLP 792.2/USD (Source: Central Bank of Chile); (2) Considered as Others/Eliminations in CCU's financial releases. Includes Corporate Functions, Centers of Excellence,
   5 Shared Services across all Operating segments; (3) Includes Other; (4) EBITDA is equivalent to ORBDA (Adjusted Operating Result Before Depreciation and Amortization) used in the 20-F form; (5) Beer and Malt 50/50 Joint Venture with Postobón in Colombia.