4 November 2014
Corporate News Flash : Synergistic Partnership for Long Term Growth & Sustainability.
Jakarta – Summary for the 3Q14 Financial Highlights :
For more details of PT Modern Internasional Tbk 2Q14 Financial Report, please download at this link : http://www.moderninternasional.co.id/investor-relation/financial_reports
As of today , there are 175 7-Eleven outlets, focusing on small box store format inside –building type of stores , located in high density area.
1. License Cooperation with Welch’s.
As one of the Company strategies realization in creating strong synergy with 7-Eleven business in offering healthy , safe and hygiene, good quality and affordable fresh food and beverages to customers and in line with The Company vision and The Management commitment to focus on Food & Beverage business, the Company has signed a license cooperation agreement with Welch Food Inc ( Welch’s) to exclusively bottle/package locally, sell and market Welch’s products in Indonesia, on Tuesday – 16th September 2014 at Matraman Office. This license cooperation would benefit customers with a better quality, better value and long shelf life.
The cooperation with Welch’s serve as an initial step for long term future in giving the Company more leverage in 7-Eleven business for higher freedom in control, flexibility in innovation and differentiation as well as better margin for products offered and sold at 7-Eleven, moving away from vendor’s control over products and price war competition.
2. Strategic Partnership with CIMBPE Sdn Bhd
The anticipated plan of The Company in searching for strategic partner to invest in 7-Eleven business expansion at last has been realized at last with the agreement signing with CIMBPE Sdn Bhd at 16th October 2014 followed by the equity fund transfer execution on 31st October 2014. The agreement for CIMBPE to subscribe at 10% of The Company new issuance of 415.881.636 shares from total current shares, priced at IDR 690/shares raising IDR 286.958.328.840 of fresh capital . This fund will be reflected in Financial Report 2014 and will be used to strengthen the financial structure of the Company as a whole, focusing on growing and expanding the 7-Eleven business.
The long time cooperation with CIMB has escalated into higher level as CIMB subscribe as one of The Company shareholders, reflecting the strong confidence and trust as well as shared vision in and for the current management of The Company in developing 7-Eleven business in Indonesia.
This Strategic Partnership will leverage the existing cooperation, giving added value benefit in product and services for both parties, creating a strong reciprocal relationship of mutual benefit and strengthening both brand awareness and value even more.
In Financial Service, CIMB can extend its services in wide spreading ATM Machines and EDC installation using the growing numbers of 7-Eleven stores, as well as giving new financial services at 7-Eleven such as digital payment, etc in providing maximum convenience for customers. Currently, there are 150 CIMB ATM machines and 175 CIMB EDC in 7-Eleven stores.
In Marketing & Promotion, both party current collaboration can be even more intensified through join promotion of 7-Eleven products especially in Fresh Food and Beverages packages offering which can be redeemed through CIMB points and widespread communicated through the usage co-joined marketing tools and materials, giving extra benefits to CIMB customers as well as boosting 7-Eleven sales performance at the same time.
Furthermore, for a long term sustainability and contribution to the country, both companies can extend the cooperation in helping the SMEs in achieving success for their business, using 7-Eleven stores as one of their distribution of products as well as getting financial advice and support from CIMB.
3. New Products and Services at 7-Eleven
a. New Items and Package Promotions
b. Launch of NEX Logistic and All in One Digital Express Service
A cooperation between PT Modern Internasional Tbk with NEX LOGISTIC ( as part of Bluebird Group) to open their outlets next and within the 7-Eleven area to offer a combination services of NEX Pick Up – Delivery Services, Document Solution and Digital Photo Service. This NEX LOGISTIC service served as E-commerce Logistic to offer convenience for customers in shopping online and choose designated NEX destination to pick up their orders. This service will be part of 7-Eleven offer for integrated convenience for customers as well. Both NEX & 7-Eleven will benefit each other by bringing more traffic and doing promotions together in the future.
3. 1st Participation in Franchise Exhibition
In order to speed up the potential location finding for 7-Eleven new stores as well as cooperation of sharing revenue with the landlord ( as part of one of subfranchisee’s form) , this year 7-Eleven has participated in Franchise Expo. 7-Eleven booth at the Franchise Expo 2014 gained high popularity with more than 300 applications in 3 days. These applications will be processed, start with the visibility study of potential locations offered by potential landlord.
Investor Relation Division
PIC : Tina Novita
PT. Modern Internasional Tbk
JL Matraman Raya No 12, Jakarta 11350
Phone 021 -2801000 ext 753