UNITED BREWERIES CO Business Summary

United Breweries Co Inc (CCU) is a multi-category beverage leader in South America, generating revenue primarily through the production, distribution, and sale of alcoholic and non-alcoholic beverages across three main segments: Chile, International Business, and Wine. The company operates a transaction-based model bolstered by strategic long-term licensing and joint venture agreements with global giants such as Heineken, PepsiCo, Nestlé, and Schweppes. Its portfolio spans beer, soft drinks, mineral water, nectars, wine, and pisco, with a geographic footprint covering Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. CCU maintains a dominant market position as Chile's largest brewer and a leading regional player in the wine and soft drink sectors, competing directly with AB InBev (Cervecería Chile), Coca-Cola Andina, and Viña Concha y Toro. Formally incorporated in 1902 through the merger of foundational breweries established by Joaquín Plagemann and Carlos Anwandter in the mid-19th century, CCU is currently controlled by Inversiones y Rentas S.A. (IRSA), a 50/50 joint venture between the Luksic Group (Quiñenco) and Heineken. The leadership team is headed by CEO Patricio Jottar Nasrallah, an IESE MBA and former Citibank and Santander executive who has led the company since 1998. He is supported by CFO Felipe Dubernet Azócar, a finance veteran from Pontificia Universidad Católica de Chile. As of February 2026, the board is chaired by Pablo Granifo Lavín, a high-pedigree executive who also serves as Chairman of Quiñenco and Banco de Chile, succeeding longtime leader Francisco Pérez Mackenna.