Compañía Cervecerías Unidas S A : Presentación CorporativaSegundoTrimestre 2021 (disponible en inglés)

Corporate Presentation

Investor Relations Second Quarter 2021

1 CCU OVERVIEW

2

Disclaimer

Statements made in this presentation relate to CCU's	rely on these forward-looking statements. Our	cautioned not to place undue reliance on these forward-
future performance or financial results are "forward-	independent public accountants have not examined or	looking statements as such statements and information
looking statements" within the meaning of Section 27A of	compiled the forward-looking statements and,	involve known and unknown risks. These statements
the U.S. Securities Act of 1933, as amended, which are	accordingly, do not provide any assurance with respect	should be considered in conjunction with the additional
not statements of fact and involve uncertainties that	to such statements. No	representation or warranty,	information about risk and uncertainties set forth in
could cause actual performance or results to materially	express or implied, is or will be made or given by us or	CCU's SEC filings: Prospectus supplements dated
differ. Forward looking statements include, without	any of our affiliates or directors or any other person as to	September 16, 2013 and September 13, 2013 and the
limitation, any statement that may predict, forecast,	the accuracy or completeness of the information or	accompanying Prospectus dated August 15, 2013;
indicate or imply future results, performance or	opinions contained in this presentation and no	CCU's annual report filed with the Chilean Comisión
achievements, and may contain words like "believe,"	responsibility or liability is or will be accepted for any	para el Mercado Financiero (CMF) and in CCU's 20-F
"anticipate," "expect," "envisages," "will likely result," or	such information or opinions.	for the year ended December 31, 2019, filed with the
any other words or phrases of similar meaning.			U.S. Securities and Exchange Commission (SEC).
	Although we believe that these forward-looking
Our forward-looking statements are not guarantees of	statements and the information in this presentation are	This presentation and its contents are proprietary
future performance, and our actual results or other	based upon reasonable assumptions and expectations,	information and may not be reproduced or otherwise
developments may differ materially from the	we cannot assure you that such expectations will prove	disseminated in whole or in part without our prior written
expectations expressed in the forward-looking	to have been correct. The forward-looking statements	consent. Recipients of this presentation are not to
statements. As for forward-looking statements that relate	represent CCU's views as of the date of this	construe the contents of this summary as legal, tax or
to future financial results and other projections, actual	presentation and should not be relied upon as	investment advice and recipients should consult their
results will be different due to the inherent uncertainty of	representing our views as of any date subsequent to the	own advisors in this regard.
estimates, forecasts and projections. Because of these	date of this presentation as	we undertake no obligation
risks and uncertainties, potential investors should not	to update any of these	statements. Listeners are

1

CCU OVERVIEW

3

2

Market overview

13

3

Performance overview

16

Ownership structure(1)

1 CCU OVERVIEW

QuiñencoHeineken

50.00%

50.00%

IRSA(2)	ADR	Local(3)
65.87%	20.17%	13.96%

Market Capitalization(4) = B USD 3.7

4 (1) Figures as of June 30th, 2021. Number of shares 369,502,872; (2) Inversiones y Rentas S.A. (IRSA) owns directly 59.03% of CCU's equity and 6.84% 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 June 30th, 2021.

Regional multicategory beverages player

	Contribution by Operating segment
		(As of December 31st, 2020)(1)
Total	Chile	International	Wine	Other(2)
Business

Colombia(5)

Categories 5 Geographies 6

1 CCU OVERVIEW

Volume	30.7	20.5	8.8	1.5	(0.1)
mln HL
Net Sales

Chile

Beer

Non Alcoholic

JVsand

Associated

USD mln	2,345	1,569	508	297	(29)
EBITDA(4)	374	309	31	54	(20)
USD mln
EBITDA	16.0%	19.7%	6.0%	18.3%	-
margin(4)

Spirits

Bolivia

Beer

Malt

Employees	9,051	4,770	2,583	1,280	418
Chile(3)		Chile(3)		Chile(3)
67%		67%		83%
Volume	Wine	Net Sales	Wine	EBITDA(4)	Wine
	5%		13%		15%
International	International	International
Business		Business		Business
29%		22%		8%

Wine

Wine &

Sparkling Wine

Chile

Wine export

to 80

countries

Paraguay

Uruguay

	International
Argentina	Business
Beer
	Non Alcoholic
	Spirits
	Cider
	Malt

5

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, 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.