Earnings Call

CCU Earnings Call Transcript — Fiscal Q2 2026

CCU (CCU) is a private company. Con una tradición cervecera desde 1850, CCU es una sociedad anónima abierta, cuyas acciones son transadas en los mercados bursátiles de Chile y en la Bolsa de Valores de Nueva York. Sus principales accionistas son Quiñenco S.A., holding de la familia Luksic, y Heineken, quienes, a través de Inversiones y Rentas S. A., poseen el 60% de la propiedad de la Compañía. El resto de las acciones están divididas entre ADR’s y otros accionistas minoritarios.

Con operaciones en Chile, Argentina, Uruguay, Paraguay, Bolivia y Colombia, CCU participa en los negocios de cervezas, pisco, ron, vino, sidra, gaseosas, néctares, aguas envasadas, bebidas funcionales y confites. El portafolio de productos la Compañía incluye marcas propias, licenciadas e importadas, manteniendo contratos de licencia y/o joint ventures con Heineken Brouwerijen B.V., Anheuser-Busch International Inc., Cervecera Austral S.A., Cervecería Modelo S.A. de C.V., PepsiCo Inc., Stokely Van Camp Inc., Pepsi Lipton International Limited, Seven-Up International, Schweppes Holdings Limited, Promarca S.A., Arthur Guinness Son & Company (Dublin) Limited and Guinness Overseas Limited, Nestlé S.A., Société des Produits Nestlé S.A., Nestec S.A., Pernod Ricard Chile S.A., Compañía Pisquera Bauzá S.A., Bebidas del Paraguay S.A., Distribuidora del Paraguay S.A y Bebidas Bolivianas S.A. Founded in 1850. It has 8,415 employees. IPO 1992.

Transcript

Operator

Good day everyone, and welcome to CCU's second quarter 2026 earnings conference call on August 5, 2026. Please note that today's call is being recorded. At this time, I would like to turn the conference call to Claudio Las Heras, the Head of Investor Relations. Please go ahead, sir.

Claudio Las HerasHead of Investor Relations

Welcome, and thank you for attending CCU's second quarter 2026 conference call. Today with me are Mr. Eduardo Ffrench-Davis, Chief Executive Officer, Mr. Felipe Dubernet, Chief Financial Officer, and Mr. Diego Munizaga, Financial Planning and Investor Relations Manager. You have received a copy of the company's consolidated second quarter 2026 earnings release. As usual, the call will start by reviewing our overall results, and then we will move on to a question and answer session. Before we begin, please take note of the following statement. The statements made in this call that relate to CCU's future financial results and

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