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One year “Merchandising License” contract extension                                                                                                           CONFIDENTIAL
   15
           Personal Care






               7     Skin Care                                                 Why Skin Care


                                                                               HIGHLIGHT Face Skin Care Market in Indonesia

                                                                                    Revenue in the Face segment amounts to US$1.29B in 2023. The market is In
                     1,80
              Face Skin Care Revenue  In Billion US Dollars  1,40  0,98  1,03  1,17  1,29  •  generated in 2023.
                                                                               •
                                                                   1,56
                                                             1,48
                     1,60
                                                                                    relation to total population figures, per person revenues of US$4.57 are
                                                        1,41
                                                  1,35
                     1,20
                                                                                    The Skin Care segment Face covers cosmetic products designed for care and
                     1,00
                     0,80
                                                                                    protection of the face covering face and eye creams, face scrubs, masks and lip
                     0,60
                                                                                    balms. Excluded are decorative cosmetics, body lotions or professional products.
                     0,40
                     0,20
                                                                               •
                     0,00
                                                                                    in Indonesia stated that they used Garnier facial wash
                                                                   2027
                                                  2024
                                                       2025
                                            2023
                                      2022
                                2021
                           2020
                                                             2026
                                                                                    According to compass.co.id, Cetaphil has the biggest market share in online
                                                                               •    According to a survey conducted in November 2021, 16 percent of respondents
                                                                                    market (11.3%), followed by Garnier, Pond’s, Senka and Wardah.
               Leading facial wash brands   Indonesia 2021  12  12 16  Garnier  Our Target
                                     4
                                                                               •
                              8
                                                                 Wardah
                                                                               Product : Facial Wash
                                                                 Pond's
                                                                 Biore
                                                                               Channel : Minimarket and Convenience Store
                                                                 Nivea
                                                                                              : 0.25% of total Face Skin Care Revenue = US$3.2M
                                                                               Sales
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