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3          Retail Distribution Channel Growth                                                                                                                          CONFIDENTIAL







                                                                                                                                                    Annual Retail


                               Growth in the Number of Modern Trade Stores                                                                    Distribution Growth*
                                                                                                                                                   7 - 8%


                                                                                                                      53.094
                                                                                                    50.088
                                                                                   47.253                                                     * Compound Annual Growth Rate (CAGR)
                                                                  44.579
                                                42.055
                               39.675
              37.429                                                                                                                    Modern Trade Market Share


                                                                                                                                                         7,4%





                                                                                                                                                                              42,2%





                                                                                                                                              50,3%




                    726               664              704              746               791              838              889                 Alfamart     Indomaret      Others


                 2021             2022             2023              2024             2025              2026             2027

                                                          Minimarket      Supermarket

  Sumber : Internal B2B Data Dashboard
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