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One year “Merchandising License” contract extension                                                                                                           CONFIDENTIAL


  7 Food & Beverages






               3     RTE Ice Cream                                             WHY RTE Ice cream


                                                                               HIGHLIGHT RTE Ice Cream Market in Indonesia
                       430                             424     425             •    In 2021, the retail sales value of ice cream and frozen desserts in Indonesia
             Ice Cream & Frozen   Foods Revenue  In Million US Dollars  410  390  403  390  •  Ice cream is 4 most purchased sweet snacks in Indonesia
                       420
                                                                                    amounted to approximately US$425M
                                                                                                    th
                       400
                                                                                    According to Licorice’s survey:
                                                                               •
                                                                                           57.8 percent, love to eat ice cream with Sticks. Followed by Cone (39%),
                       390
                                                                                       •
                                                                                           Cup (36,6%) and Mini Size (21%).
                       380
                                                                                           Chocolate is favorite ice cream flavor (74.2) followed by Vanilla (44,6%),
                                                                                       •
                       370
                                                                                           Milk (34,4%) and Strawberry (26,4%).
                                                               2021
                              2017  7,90      2019     2020  Biscuits / cake   Our Target
                                      2018
            Most purchased sweet snacks   (%) in Feb 2022  14,80  16,90  31,20  Fruits  Product : RTE Ice Cream
                               12
                                               38,40
                                                             Fruit snacks
                                                                               Channel : Minimarket and Convenience Store
                                                             Ice cream
                                                                               Sales
                                                                                              : 1% of total Ice Cream Revenue = US$4.25M
                                                             Chocolate snacks
                          15,60
                                                             Candies
                                                             Yogurt





                                                                                                                https://www.statista.com/statistics/1227682/indonesia-ice-cream-and-frozen-desserts-sales-value/
                                                                                                       http://report.licorice.pink/blog/indonesia/how-much-do-indonesian-people-like-to-eat-ice-cream-lets-find-out/
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