San Miguel 2Q19

Adverse climate weighed on the period´s harvest and sales. A recovery is likely in the next quarter, when the majority of sales is booked

As anticipated in the previous release, Argentina´s lemon production was hit by unfavorable climatic conditions, impacting on fruit quality and exports. South Africa´s business suffered a similar situation. However, in the remaining subsidiaries (Uruguay and Peru), production was above last year´s, with an excellent setting for avocado production and sales in Peru. Furthermore, Processed Food segment reached maximum capacity due to excess fruit availability.