Pedro Seixas

Pedro Seixas of Neuberger Berman asked for a quantitative breakdown of the 78% EBITDA decline, seeking to understand how much was attributable to FX depreciation versus the drop in sales volume.

Answer

CFO Felipe Dubernet provided a detailed breakdown of the CLP 37 billion EBITDA decrease. He attributed approximately CLP 16 billion of the decline to external effects, primarily the depreciation of the Chilean and Argentine pesos. The remaining CLP 21 billion was attributed to negative operating variables, with the sharp volume decline being the main driver, partially offset by price increases and efficiencies.

Asked for a breakdown of the 78% EBITDA drop, specifically attributing it to FX depreciation versus volume decline.

Answer

The executive provided a breakdown of the CLP 37 billion EBITDA decline, attributing CLP 16 billion to external effects (mainly FX) and CLP 21 billion to operating variables (mainly volume decline, partially offset by price and efficiencies).

Pedro Seixas from Neuberger Berman requested a quantitative breakdown of the 78% drop in EBITDA, asking how much was attributable to foreign exchange fluctuations versus the decline in sales volume.

Answer

CFO Felipe Dubernet provided a detailed breakdown of the CLP 37 billion EBITDA decline. He explained that external effects, primarily FX depreciation partially offset by some raw material cost benefits, had a negative impact of approximately CLP 16 billion. The remaining CLP 21 billion negative impact was due to operating variables, driven by the significant volume decline which was not fully compensated by price increases and efficiency gains.