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Instruction Book

GA 11, GA 5, GA 7

Copyright Notice
Any unauthorized use or copying of the contents or any part thereof is
prohibited.
This applies in particular to trademarks, model denominations, part numbers
and drawings.

Date Printed .................... 18/09/2006

Atlas Copco
www.atlascopco.com

6CDNGQHEQPVGPVU


5CHGV[RTGECWVKQPU  



5#('6;+%105  



5#('6;24'%#76+105&74+0)+056#..#6+10  



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'.'%64+%#.&+#)4#/5 



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'NGMVTQPKMQP+TGIWNCVQT  



'.'-6410+-10+4')7.#614 



%10641.2#0'. 



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2+%61)4#2*575'&106*'5%4''0 



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12'4#6+0)#0&/#+06'0#0%'+05647%6+105 



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1RGTCVKPIKPUVTWEVKQPU  



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24'5574''37+2/'06&+4'%6+8'5 

+PUVTWEVKQPOCPWCN

5CHGV[RTGECWVKQPU



5CHGV[KEQPU

'ZRNCPCVKQP
&CPIGTHQTNKHG
9CTPKPI
+ORQTVCPVPQVG



5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQP

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP

+PUVTWEVKQPOCPWCN

2TGECWVKQPUFWTKPIKPUVCNNCVKQP
 6JGOCEJKPGOWUVQPN[DGNKHVGFWUKPIUWKVCDNGGSWKROGPVKPCEEQTFCPEGYKVJNQECNUCHGV[
TGIWNCVKQPU.QQUGQTRKXQVKPIRCTVUOWUVDGUGEWTGN[HCUVGPGFDGHQTGNKHVKPI+VKUUVTKEVN[HQTDKFFGP
VQFYGNNQTUVC[KPVJGTKUM\QPGWPFGTCNKHVGFNQCF.KHVKPICEEGNGTCVKQPCPFFGEGNGTCVKQPOWUVDG
MGRVYKVJKPUCHGNKOKVU9GCTCUCHGV[JGNOGVYJGPYQTMKPIKPVJGCTGCQHQXGTJGCFQTNKHVKPI
GSWKROGPV
 2NCEGVJGOCEJKPGYJGTGVJGCODKGPVCKTKUCUEQQNCPFENGCPCURQUUKDNG+HPGEGUUCT[KPUVCNNC
UWEVKQPFWEV0GXGTQDUVTWEVVJGCKTKPNGV%CTGOWUVDGVCMGPVQOKPKOKUGVJGGPVT[QHOQKUVWTGCV
VJGKPNGVCKT
 #P[DNCPMKPIHNCPIGURNWIUECRUCPFFGUKEECPVDCIUOWUVDGTGOQXGFDGHQTGEQPPGEVKPIVJG
RKRGU
 #KTJQUGUOWUVDGQHEQTTGEVUK\GCPFUWKVCDNGHQTVJGYQTMKPIRTGUUWTG0GXGTWUGHTC[GFFCOCIGF
QTYQTPJQUGU&KUVTKDWVKQPRKRGUCPFEQPPGEVKQPUOWUVDGQHVJGEQTTGEVUK\GCPFUWKVCDNGHQTVJG
YQTMKPIRTGUUWTG
 6JGCURKTCVGFCKTOWUVDGHTGGQHHNCOOCDNGHWOGUXCRQWTUCPFRCTVKENGUGIRCKPVUQNXGPVUVJCV
ECPNGCFVQKPVGTPCNHKTGQTGZRNQUKQP
 #TTCPIGVJGCKTKPVCMGUQVJCVNQQUGENQVJKPIYQTPD[RGQRNGECPPQVDGUWEMGFKP
 'PUWTGVJCVVJGFKUEJCTIGRKRGHTQOVJGEQORTGUUQTVQVJGCHVGTEQQNGTQTCKTPGVKUHTGGVQGZRCPF
WPFGTJGCVCPFVJCVKVKUPQVKPEQPVCEVYKVJQTENQUGVQHNCOOCDNGOCVGTKCNU
 0QGZVGTPCNHQTEGOC[DGGZGTVGFQPVJGCKTQWVNGVXCNXGVJGEQPPGEVGFRKRGOWUVDGHTGGQHUVTCKP
 +HTGOQVGEQPVTQNKUKPUVCNNGFVJGOCEJKPGOWUVDGCTCENGCTUKIPUVCVKPI&#0)'46JKUOCEJKPGKU
TGOQVGN[EQPVTQNNGFCPFOC[UVCTVYKVJQWVYCTPKPI
6JGQRGTCVQTJCUVQOCMGUWTGVJCVVJGOCEJKPGKUUVQRRGFCPFVJCVVJGKUQNCVKPIUYKVEJKUQRGP
CPFNQEMGFDGHQTGCP[OCKPVGPCPEGQTTGRCKT#UCHWTVJGTUCHGIWCTFRGTUQPUUYKVEJKPIQP
TGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCVVJGTGKUPQQPG
EJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGFVQVJGUVCTV
GSWKROGPV
 #KTEQQNGFOCEJKPGUOWUVDGKPUVCNNGFKPUWEJCYC[VJCVCPCFGSWCVGHNQYQHEQQNKPICKTKU
CXCKNCDNGCPFVJCVVJGGZJCWUVGFCKTFQGUPQVTGEKTEWNCVGVQVJGEQORTGUUQTCKTKPNGVQTEQQNKPICKT
KPNGV
 6JGGNGEVTKECNEQPPGEVKQPUOWUVEQTTGURQPFVQVJGNQECNEQFGU6JGOCEJKPGUOWUVDGGCTVJGFCPF
RTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUKPCNNRJCUGU#NQEMCDNGRQYGTKUQNCVKPIUYKVEJOWUVDG
KPUVCNNGFPGCTVJGEQORTGUUQT
 1POCEJKPGUYKVJCWVQOCVKEUVCTVUVQRU[UVGOQTKHVJGCWVQOCVKETGUVCTVHWPEVKQPCHVGTXQNVCIG
HCKNWTGKUCEVKXCVGFCUKIPUVCVKPI6JKUOCEJKPGOC[UVCTVYKVJQWVYCTPKPIOWUVDGCHHKZGFPGCT
VJGKPUVTWOGPVRCPGN
 +POWNVKRNGEQORTGUUQTU[UVGOUOCPWCNXCNXGUOWUVDGKPUVCNNGFVQKUQNCVGGCEJEQORTGUUQT0QP
TGVWTPXCNXGU
EJGEMXCNXGU OWUVPQVDGTGNKGFWRQPHQTKUQNCVKPIRTGUUWTGU[UVGOU
 0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
OWUVDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF
 2KRGYQTMQTQVJGTRCTVUYKVJCVGORGTCVWTGKPGZEGUUQHu%
u( CPFYJKEJOC[DG
CEEKFGPVCNN[VQWEJGFD[RGTUQPPGNKPPQTOCNQRGTCVKQPOWUVDGIWCTFGFQTKPUWNCVGF1VJGTJKIJ
VGORGTCVWTGRKRGYQTMOWUVDGENGCTN[OCTMGF
 (QTYCVGTEQQNGFOCEJKPGUVJGEQQNKPIYCVGTU[UVGOKPUVCNNGFQWVUKFGVJGOCEJKPGJCUVQDG
RTQVGEVGFD[CUCHGV[FGXKEGYKVJUGVRTGUUWTGCEEQTFKPIVQVJGOCZKOWOEQQNKPIYCVGTKPNGV
RTGUUWTG

+PUVTWEVKQPOCPWCN

 +HVJGITQWPFKUPQVNGXGNQTECPDGUWDLGEVVQXCTKCDNGKPENKPCVKQPEQPUWNVVJGOCPWHCEVWTGT

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG



5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQP

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU
 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
2TGECWVKQPUFWTKPIQRGTCVKQP
 7UGQPN[VJGEQTTGEVV[RGCPFUK\GQHJQUGGPFHKVVKPIUCPFEQPPGEVKQPU9JGPDNQYKPIVJTQWIJC
JQUGQTCKTNKPGGPUWTGVJCVVJGQRGPGPFKUJGNFUGEWTGN[#HTGGGPFYKNNYJKRCPFOC[ECWUG
KPLWT[/CMGUWTGVJCVCJQUGKUHWNN[FGRTGUUWTK\GFDGHQTGFKUEQPPGEVKPIKV
 2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
 0GXGTQRGTCVGVJGOCEJKPGYJGPVJGTGKUCRQUUKDKNKV[QHVCMKPIKPHNCOOCDNGQTVQZKEHWOGU
XCRQWTUQTRCTVKENGU

+PUVTWEVKQPOCPWCN

 0GXGTQRGTCVGVJGOCEJKPGDGNQYQTKPGZEGUUQHKVUNKOKVTCVKPIU
 -GGRCNNDQF[YQTMFQQTUUJWVFWTKPIQRGTCVKQP6JGFQQTUOC[DGQRGPGFHQTUJQTVRGTKQFUQPN[
GIVQECTT[QWVTQWVKPGEJGEMU9GCTGCTRTQVGEVQTUYJGPQRGPKPICFQQT
 2GQRNGUVC[KPIKPGPXKTQPOGPVUQTTQQOUYJGTGVJGUQWPFRTGUUWTGNGXGNTGCEJGUQTGZEGGFU
F$
# UJCNNYGCTGCTRTQVGEVQTU
 2GTKQFKECNN[EJGEMVJCV
#NNIWCTFUCTGKPRNCEGCPFUGEWTGN[HCUVGPGF
#NNJQUGUCPFQTRKRGUKPUKFGVJGOCEJKPGCTGKPIQQFEQPFKVKQPUGEWTGCPFPQVTWDDKPI
6JGTGCTGPQNGCMU
#NNHCUVGPGTUCTGVKIJV
#NNGNGEVTKECNNGCFUCTGUGEWTGCPFKPIQQFQTFGT
5CHGV[XCNXGUCPFQVJGTRTGUUWTGTGNKGHFGXKEGUCTGPQVQDUVTWEVGFD[FKTVQTRCKPV
#KTQWVNGVXCNXGCPFCKTPGVKGRKRGUEQWRNKPIUOCPKHQNFUXCNXGUJQUGUGVECTGKPIQQF
TGRCKTHTGGQHYGCTQTCDWUG
 +HYCTOEQQNKPICKTHTQOEQORTGUUQTUKUWUGFKPCKTJGCVKPIU[UVGOUGIVQYCTOWRCYQTMTQQO
VCMGRTGECWVKQPUCICKPUVCKTRQNNWVKQPCPFRQUUKDNGEQPVCOKPCVKQPQHVJGDTGCVJKPICKT
 &QPQVTGOQXGCP[QHQTVCORGTYKVJVJGUQWPFFCORKPIOCVGTKCN
 0GXGTTGOQXGQTVCORGTYKVJVJGUCHGV[FGXKEGUIWCTFUQTKPUWNCVKQPUHKVVGFQPVJGOCEJKPG'XGT[
RTGUUWTGXGUUGNQTCWZKNKCT[KPUVCNNGFQWVUKFGVJGOCEJKPGVQEQPVCKPCKTCDQXGCVOQURJGTKERTGUUWTG
UJCNNDGRTQVGEVGFD[CRTGUUWTGTGNKGXKPIFGXKEGQTFGXKEGUCUTGSWKTGF

#NUQEQPUWNVHQNNQYKPIUCHGV[RTGECWVKQPU5CHGV[RTGECWVKQPUFWTKPIKPUVCNNCVKQPCPF
5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEG
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG



5CHGV[RTGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT

#NNTGURQPUKDKNKV[HQTCP[FCOCIGQTKPLWT[TGUWNVKPIHTQOPGINGEVKPIVJGUG
RTGECWVKQPUQTPQPQDUGTXCPEGQHVJGPQTOCNECWVKQPCPFECTGTGSWKTGFHQT
KPUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTGXGPKHPQVGZRTGUUN[
UVCVGFYKNNDGFKUENCKOGFD[VJGOCPWHCEVWTGT
)GPGTCNRTGECWVKQPU
 6JGQRGTCVQTOWUVGORNQ[UCHGYQTMKPIRTCEVKEGUCPFQDUGTXGCNNTGNCVGFNQECNYQTMUCHGV[
TGSWKTGOGPVUCPFTGIWNCVKQPU



+PUVTWEVKQPOCPWCN

 +HCP[QHVJGHQNNQYKPIUVCVGOGPVUFQGUPQVEQORN[YKVJNQECNNGIKUNCVKQPVJGUVTKEVGTQHVJGVYQ
UJCNNCRRN[
 +PUVCNNCVKQPQRGTCVKQPOCKPVGPCPEGCPFTGRCKTYQTMOWUVQPN[DGRGTHQTOGFD[CWVJQTKUGFVTCKPGF
URGEKCNKUGFRGTUQPPGN
 6JGEQORTGUUQTKUPQVEQPUKFGTGFECRCDNGQHRTQFWEKPICKTQHDTGCVJKPISWCNKV[(QTCKTQHDTGCVJKPI
SWCNKV[VJGEQORTGUUGFCKTOWUVDGCFGSWCVGN[RWTKHKGFCEEQTFKPIVQNQECNNGIKUNCVKQPCPF
UVCPFCTFU
 $GHQTGCP[OCKPVGPCPEGTGRCKTYQTMCFLWUVOGPVQTCP[QVJGTPQPTQWVKPGEJGEMUUVQRVJG
EQORTGUUQTRTGUUVJGGOGTIGPE[UVQRDWVVQPUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGVJG
EQORTGUUQT+PCFFKVKQPVJGRQYGTKUQNCVKPIUYKVEJOWUVDGQRGPGFCPFNQEMGF
 0GXGTRNC[YKVJEQORTGUUGFCKT&QPQVCRRN[VJGCKTVQ[QWTUMKPQTFKTGEVCPCKTUVTGCOCVRGQRNG
0GXGTWUGVJGCKTVQENGCPFKTVHTQO[QWTENQVJGU9JGPWUKPIVJGCKTVQENGCPGSWKROGPVFQUQYKVJ
GZVTGOGECWVKQPCPFYGCTG[GRTQVGEVKQP
2TGECWVKQPUFWTKPIOCKPVGPCPEGQTTGRCKT
 #NYC[UYGCTUCHGV[INCUUGU
 7UGQPN[VJGEQTTGEVVQQNUHQTOCKPVGPCPEGCPFTGRCKTYQTM
 7UGQPN[IGPWKPGURCTGRCTVU
 #NNOCKPVGPCPEGYQTMUJCNNQPN[DGWPFGTVCMGPYJGPVJGOCEJKPGJCUEQQNGFFQYP
 #YCTPKPIUKIPDGCTKPICNGIGPFUWEJCUYQTMKPRTQITGUUFQPQVUVCTVUJCNNDGCVVCEJGFVQVJG
UVCTVKPIGSWKROGPV
 2GTUQPUUYKVEJKPIQPTGOQVGN[EQPVTQNNGFOCEJKPGUUJCNNVCMGCFGSWCVGRTGECWVKQPUVQGPUWTGVJCV
VJGTGKUPQQPGEJGEMKPIQTYQTMKPIQPVJGOCEJKPG6QVJKUGPFCUWKVCDNGPQVKEGUJCNNDGCHHKZGF
VQVJGTGOQVGUVCTVGSWKROGPV
 %NQUGVJGEQORTGUUQTCKTQWVNGVXCNXGDGHQTGEQPPGEVKPIQTFKUEQPPGEVKPICRKRG
 $GHQTGTGOQXKPICP[RTGUUWTK\GFEQORQPGPVGHHGEVKXGN[KUQNCVGVJGOCEJKPGHTQOCNNUQWTEGUQH
RTGUUWTGCPFTGNKGXGVJGGPVKTGU[UVGOQHRTGUUWTG
 0GXGTWUGHNCOOCDNGUQNXGPVUQTECTDQPVGVTCEJNQTKFGHQTENGCPKPIRCTVU6CMGUCHGV[RTGECWVKQPU
CICKPUVVQZKEXCRQWTUQHENGCPKPINKSWKFU
 5ETWRWNQWUN[QDUGTXGENGCPNKPGUUFWTKPIOCKPVGPCPEGCPFTGRCKT-GGRFKTVCYC[D[EQXGTKPIVJG
RCTVUCPFGZRQUGFQRGPKPIUYKVJCENGCPENQVJRCRGTQTVCRG
 0GXGTYGNFQTRGTHQTOCP[QRGTCVKQPKPXQNXKPIJGCVPGCTVJGQKNU[UVGO1KNVCPMUOWUVDG
EQORNGVGN[RWTIGFGID[UVGCOENGCPKPIDGHQTGECTT[KPIQWVUWEJQRGTCVKQPU0GXGTYGNFQPQT
KPCP[YC[OQFKH[RTGUUWTGXGUUGNU
 9JGPGXGTVJGTGKUCPKPFKECVKQPQTCP[UWURKEKQPVJCVCPKPVGTPCNRCTVQHCOCEJKPGKUQXGTJGCVGF
VJGOCEJKPGUJCNNDGUVQRRGFDWVPQKPURGEVKQPEQXGTUUJCNNDGQRGPGFDGHQTGUWHHKEKGPVEQQNKPI
VKOGJCUGNCRUGFVJKUVQCXQKFVJGTKUMQHURQPVCPGQWUKIPKVKQPQHVJGQKNXCRQWTYJGPCKTKU
CFOKVVGF
 0GXGTWUGCNKIJVUQWTEGYKVJQRGPHNCOGHQTKPURGEVKPIVJGKPVGTKQTQHCOCEJKPGRTGUUWTGXGUUGN
GVE
 /CMGUWTGVJCVPQVQQNUNQQUGRCTVUQTTCIUCTGNGHVKPQTQPVJGOCEJKPG
 #NNTGIWNCVKPICPFUCHGV[FGXKEGUUJCNNDGOCKPVCKPGFYKVJFWGECTGVQGPUWTGVJCVVJG[HWPEVKQP
RTQRGTN[6JG[OC[PQVDGRWVQWVQHCEVKQP



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 $GHQTGENGCTKPIVJGOCEJKPGHQTWUGCHVGTOCKPVGPCPEGQTQXGTJCWNEJGEMVJCVQRGTCVKPIRTGUUWTGU
VGORGTCVWTGUCPFVKOGUGVVKPIUCTGEQTTGEV%JGEMVJCVCNNEQPVTQNCPFUJWVFQYPFGXKEGUCTGHKVVGF
CPFVJCVVJG[HWPEVKQPEQTTGEVN[+HTGOQXGFEJGEMVJCVVJGEQWRNKPIIWCTFQHVJGEQORTGUUQTFTKXG
UJCHVJCUDGGPTGKPUVCNNGF
 'XGT[VKOGVJGUGRCTCVQTGNGOGPVKUTGPGYGFGZCOKPGVJGFKUEJCTIGRKRGCPFVJGKPUKFGQHVJGQKN
UGRCTCVQTXGUUGNHQTECTDQPFGRQUKVUKHGZEGUUKXGVJGFGRQUKVUUJQWNFDGTGOQXGF
 2TQVGEVVJGOQVQTCKTHKNVGTGNGEVTKECNCPFTGIWNCVKPIEQORQPGPVUGVEVQRTGXGPVOQKUVWTGHTQO
GPVGTKPIVJGOGIYJGPUVGCOENGCPKPI
 /CMGUWTGVJCVCNNUQWPFFCORKPIOCVGTKCNGIQPVJGDQF[YQTMCPFKPVJGCKTKPNGVCPFQWVNGV
U[UVGOUQHVJGEQORTGUUQTKUKPIQQFEQPFKVKQP+HFCOCIGFTGRNCEGKVD[IGPWKPGOCVGTKCNHTQO
VJGOCPWHCEVWTGTVQRTGXGPVVJGUQWPFRTGUUWTGNGXGNHTQOKPETGCUKPI
 0GXGTWUGECWUVKEUQNXGPVUYJKEJECPFCOCIGOCVGTKCNUQHVJGCKTPGVGIRQN[ECTDQPCVGDQYNU
 6JGHQNNQYKPIUCHGV[RTGECWVKQPUCTGUVTGUUGFYJGPJCPFNKPITGHTKIGTCPV
0GXGTKPJCNGTGHTKIGTCPVXCRQWTU%JGEMVJCVVJGYQTMKPICTGCKUCFGSWCVGN[XGPVKNCVGFKH
TGSWKTGFWUGDTGCVJKPIRTQVGEVKQP
#NYC[UYGCTURGEKCNINQXGU+PECUGQHTGHTKIGTCPVEQPVCEVYKVJVJGUMKPTKPUGVJGUMKPYKVJ
YCVGT+HNKSWKFTGHTKIGTCPVEQPVCEVUVJGUMKPVJTQWIJENQVJKPIPGXGTVGCTQHHQTTGOQXGVJGNCVVGT
HNWUJCDWPFCPVN[YKVJHTGUJYCVGTQXGTVJGENQVJKPIWPVKNCNNTGHTKIGTCPVKUHNWUJGFCYC[VJGP
UGGMOGFKECNHKTUVCKF
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5CHGV[RTGECWVKQPUFWTKPIQRGTCVKQP
6JGUGRTGECWVKQPUCRRN[VQOCEJKPGT[RTQEGUUKPIQTEQPUWOKPICKTQTKPGTVICU
2TQEGUUKPIQHCP[QVJGTICUTGSWKTGUCFFKVKQPCNUCHGV[RTGECWVKQPUV[RKECNVQVJG
CRRNKECVKQPYJKEJCTGPQVKPENWFGFJGTGKP
5QOGRTGECWVKQPUCTGIGPGTCNCPFEQXGTUGXGTCNOCEJKPGV[RGUCPFGSWKROGPVJGPEG
UQOGUVCVGOGPVUOC[PQVCRRN[VQ[QWTOCEJKPG



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6JGWPKVUCTGUKPINGUVCIGQKNKPLGEVGFUETGYEQORTGUUQTUFTKXGPD[CPGNGEVTKEOQVQT6JGEQORTGUUQTU
CTGCKTEQQNGF
6CPMOQWPVGFXGTUKQP
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(WNN(GCVWTG
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16 6JGCKTHNQYUVJTQWIJOKPKOWO
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15 



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4GHGTGPEGU

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6QCKTEQQNGT

7PNQCFKPI
+HVJGCKTEQPUWORVKQPKUNGUUVJCPVJGCKTQWVRWVQHVJGEQORTGUUQTVJGPGVRTGUUWTGKPETGCUGU9JGP
VJGPGVRTGUUWTGTGCEJGUVJGWPNQCFKPIRTGUUWTGUQNGPQKFXCNXG
; KUFGGPGTIKUGF6JGRNWPIGTQHVJG
XCNXGTGVWTPUD[URTKPIHQTEG
6JGEQPVTQNRTGUUWTGRTGUGPVKPVJGEJCODGTUQHNQCFKPIRNWPIGT
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78 KU
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; 
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7PNQCFKPIXCNXG
78 KUQRGPGFD[TGEGKXGTRTGUUWTG6JGRTGUUWTGHTQOCKTTGEGKXGT
 KUTGNGCUGF
VQYCTFUWPNQCFGT
7# 
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 VJGEQORTGUUQTTWPUWPNQCFGF
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9JGPVJGPGVRTGUUWTGFGETGCUGUVQVJGNQCFKPIRTGUUWTGUQNGPQKFXCNXG
; KUGPGTIKUGF6JGRNWPIGT
QHUQNGPQKF
; OQXGUWRYCTFUCICKPUVURTKPIHQTEG
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4GHGTGPEG

&GUKIPCVKQP

((

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5GPUQTUUQNGPQKFXCNXGUGNGEVTQPKEYCVGTFTCKP

26

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66

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5GTXKEGFKCITCOYKVJ'NGMVTQPKMQP++CPFUVCTFGNVCUVCTVGT
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%WUVQOGTUKPUVCNNCVKQP

1RVKQP

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4GOQVGUVCTVUVQR



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5GPUQTUUQNGPQKFXCNXGUGNGEVTQPKEYCVGTFTCKP

26

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66

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1RVKQPCNGSWKROGPV

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0COG

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6JGTOQUVCVKEGZRCPUKQPXCNXG

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 YJGTGVJG
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 YJGTGCNNVJG
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 6JGEQORTGUUQTYKNNCNUQDGUVQRRGFKPECUGQH
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1HQXGTNQCFQHVJGFTKXGOQVQT
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HNCUJKPI

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HNCUJKPI
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5YKVEJQHHVJGXQNVCIGCPFTGOGF[VJGVTQWDNG
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F
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F
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TWPPKPIJQWTUKPVGTXCNCUYGNNCUVJQUGDGNQPIKPIVQVJGTWPPKPIJQWTU
KPVGTXCN
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V

5CHGV[XCNXGVGUV

5GGUGEVKQPU6GUVUETGGPU




+PUVTWEVKQPOCPWCN

/GPWHNQY

5KORNKHKGFOGPWHNQY



+PUVTWEVKQPOCPWCN



%CNNKPIWRQWVNGVCPFFGYRQKPVVGORGTCVWTGU

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 VJGQWVNGVVGORGTCVWTGYKNNDGUJQYP

u%

6JGUETGGPUJQYUVJCVVJGQWVNGVVGORGTCVWTGKUu%

(QT(WNN(GCVWTGEQORTGUUQTU
2TGUUCTTQYMG[
 VJGFGYRQKPVVGORGTCVWTGYKNNDGUJQYP

u%

6JGUETGGPUJQYUVJCVVJGFGYRQKPVVGORGTCVWTGKUu%
2TGUUCTTQYMG[U
CPF VQUETQNNFQYPYCTFUQTWRYCTFUVJTQWIJVJGUETGGPU



+PUVTWEVKQPOCPWCN



%CNNKPIWRTWPPKPIJQWTU

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKNF

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 

ZJTU

6JGUETGGPUJQYUVJGWPKVWUGFZJTU
EQORTGUUQTCTGJQWTU



CPFVJGXCNWG

VJGTWPPKPIJQWTUQHVJG

%CNNKPIWROQVQTUVCTVU

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP



+PUVTWEVKQPOCPWCN

DCT

2TGUUCTTQYMG[
 WPVKNF

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 

Z

6JKUUETGGPUJQYUVJGPWODGTQHOQVQTUVCTVUVKOGU
VKOGUQTKHZ
6JGPWODGTQHOQVQTUVCTVUKU



NKVUWRVKOGU 

%CNNKPIWROQFWNGJQWTU

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKNF

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 

JTU

6JGUETGGPUJQYUVJGWPKVWUGFJTU
CTGJQWTU



CPFVJGXCNWG

VJGOQFWNGJQWTUQHVJGEQORTGUUQT

+PUVTWEVKQPOCPWCN



%CNNKPIWRNQCFKPIJQWTU

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKNF

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 

JTU

6JGUETGGPUJQYUVJGWPKVWUGFJTU
QHVJGEQORTGUUQTCTGJQWTU




QTZJTU

CPFVJGXCNWG

VJGNQCFKPIJQWTU

%CNNKPIWRNQCFTGNC[

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP



+PUVTWEVKQPOCPWCN

DCT

2TGUUCTTQYMG[
 WPVKNF

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 

Z

6JKUUETGGPUJQYUVJGPWODGTQHWPNQCFVQNQCFCEVKQPU
VKOGUQTKHZ
6JGPWODGTQHWPNQCFVQNQCFCEVKQPUKU



NKVUWRVKOGU 

%CNNKPIWRTGUGVVKPIUGTXKEGVKOGT

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKNF

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 
JTU


6JKUUETGGPUJQYUVJGWPKVWUGFJTU 
QTZ JQWTUZ CPFVJGXCNWG
EQORTGUUQTJCUTWPJQWTUUKPEGVJGRTGXKQWUUGTXKEG



VJG

+PUVTWEVKQPOCPWCN

4GUGVVKPIVJGUGTXKEGVKOGT
#HVGTUGTXKEKPIUGGUGEVKQP5GTXKEGYCTPKPIVJGVKOGTJCUVQDGTGUGV
5ETQNNVQTGIKUVGTUETGGPF CPFRTGUUGPVGTMG[
 
6JGTGCFKPI
GI YKNNCRRGCT
2TGUUGPVGTMG[
 KHCRCUUYQTFKUUGVGPVGTVJGRCUUYQTF
6JGTGCFKPIYKNNHNCUJ
KPFKECVKPIVJCVTGUGVVKPIKURQUUKDNG 
2TGUUGPVGTMG[
 VQTGUGVVJGVKOGTVQ



QTRTGUUTGUGVMG[
 VQECPEGNVJGQRGTCVKQP

5GNGEVKQPDGVYGGPNQECNTGOQVGQT.#0EQPVTQN

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2 KUUJQYPCPFVJGPRTGUUGPVGTMG[
 6JGCEVWCNN[WUGFEQPVTQN
OQFGKUUJQYP.1% HQTNQECNEQPVTQNT' HQTTGOQVGEQPVTQNQT.#P HQT.#0EQPVTQN
2TGUUGPVGTMG[
 CPFKHPGEGUUCT[GPVGTVJGRCUUYQTF6JGCEVWCNN[EQPVTQNOQFGKUDNKPMKPI7UG
MG[U
 CPF
 VQEJCPIGVJGEQPVTQNOQFG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYUVCTVKPIOQFGQTRTGUUTGUGVMG[VQECPEGN



+PUVTWEVKQPOCPWCN



%CNNKPIWROQFKH[KPIPQFG+&HQT.#0EQPVTQN

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2
KUUJQYP

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 6JGCEVWCNN[WUGFPQFG+&

2TGUUGPVGTMG[
 CPFKHPGEGUUCT[GPVGTVJGRCUUYQTF6JGCEVWCNN[WUGFPQFG+&KUDNKPMKPI7UG
MG[U
 CPF
 VQEJCPIGVJGPQFG+&
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYPQFG+&QTRTGUUTGUGVMG[VQECPEGN



%CNNKPIWROQFKH[KPIRTGUUWTGDCPFUGVVKPIU

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT




+PUVTWEVKQPOCPWCN

2TGUUCTTQYMG[
 WPVKN2 KUUJQYPCPFVJGPRTGUUGPVGTMG[
 2TGUUWTGDCPF2D
KUUJQYPQPVJGFKURNC[MG[
 ECPDGWUGFVQUETQNNVQRTGUUWTGDCPF2D 

2TGUUGPVGTMG[
 QPFGUKTGFRTGUUWTGDCPF6JGNQCFNGXGNQHVJGUGNGEVGFRTGUUWTGDCPFCRRGCTU
MG[
 ECPDGWUGFVQUETQNNVQVJGWPNQCFNGXGN
.QCFKPIRTGUUWTG

DCT

7PNQCFKPIRTGUUWTG

DCT

2TGUUGPVGTMG[
 VQOQFKH[VJGNQCFNGXGN
XCNWGUVCTVUDNKPMKPI #RCUUYQTFOC[DGTGSWKTGF7UG
MG[U
 CPF
 VQEJCPIGVJGNQCFRTGUUWG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYXCNWGUQTRTGUUTGUGVMG[VQECPEGN



/QFKH[KPIRTGUUWTGDCPFUGNGEVKQP

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2 KUUJQYPCPFVJGPRTGUUGPVGTMG[
 6JGCEVKXGRTGUUWTGDCPF
2D KUUJQYPQPVJGFKURNC[
2TGUUGPVGTMG[
 VQOQFKH[VJGRTGUUWTGDCPFUGNGEVKQP
CRCUUYQTFOC[DGTGSWKTGF 6JGCEVKXG
RTGUUWTGDCPF2D UVCTVUDNKPMKPI



+PUVTWEVKQPOCPWCN

2D
2TGUUMG[
 VQOQFKH[VJGCEVKXGRTGUUWTGDCPF2TGUUGPVGTMG[
 VQEQPHKTOQTTGUGVMG[VQ
ECPEGN



%CNNKPIWROQFKH[KPIUGTXKEGVKOGTUGVVKPI

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2 KUUJQYPCPFVJGPRTGUUGPVGTMG[
 VJGUGVVKPIQHVJGUGTXKEG
VKOGTKUUJQYPKPJTU 
JQWTU QTZJTU
JQWTUZ 'ZCORNGJTU OGCPUVJG
VKOGTKUUGVCVTWPPKPIJQWTU
2TGUUGPVGTMG[
 VQOQFKH[VJKUXCNWG
CRCUUYQTFOC[DGTGSWKTGF VJGXCNWGDNKPMU7UGCTTQY
MG[U
CPF VQOQFKH[VJKUUGVVKPI
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYXCNWGCPFVQTGVWTPVQVJGRCTCOGVGTUETGGPU



+PUVTWEVKQPOCPWCN



%CNNKPIWROQFKH[KPIWPKVQHVGORGTCVWTG

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2 KUUJQYPCPFVJGPRTGUUGPVGTMG[
 6JGRQUUKDNGUGVVKPIUCTG
u% CPFu( VJGCEVWCNN[WUGFWPKVKUUJQYP
2TGUUGPVGTMG[
 
WPKVDNKPMU CPFWUGCTTQYMG[U
CPF VQUGNGEVCPQVJGTWPKVQHVGORGTCVWTG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYWPKVCPFRTGUUTGUGVMG[VQTGVWTPVQVJGRCTCOGVGTUETGGP



%CNNKPIWROQFKH[KPIWPKVQHRTGUUWTG

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2 CPFVJGRQUUKDNGUGVVKPIUCTGUJQYP/RC
DCT RTGUUGPVGTMG[
 CPFVJGCEVWCNN[WUGFWPKVKUUJQYP

RUK

CPF



+PUVTWEVKQPOCPWCN

2TGUUGPVGTMG[
 
WPKVUVCTVUDNKPMKPI CPFWUGCTTQYMG[U
CPF VQUGNGEVCPQVJGTWPKVQH
RTGUUWTG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYWPKVQHRTGUUWTGCPFRTGUUTGUGVMG[VQTGVWTPVQVJG
RCTCOGVGTUETGGPU



#EVKXCVKPICWVQOCVKETGUVCTVCHVGTXQNVCIGHCKNWTG

&GUETKRVKQP
6JKURCTCOGVGTCEEGUUKDNGKPUETGGP2
%QREQKHVJKUHWPEVKQPUJQWNFDGCEVKXCVGF



ECPQPN[DGOQFKHKGFCHVGTGPVGTKPICEQFG%QPUWNV#VNCU

5GNGEVKQPDGVYGGP;&QT&1.UVCTVKPI

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2 CPFVJGOQVQTRKEVQITCRJKUUJQYPCPFVJGPRTGUUGPVGTMG[
 
6JGCEVWCNN[WUGFUVCTVKPIOQFGKUUJQYP;F HQT;&
UVCTFGNVC QTFQ. HQT&1.
FKTGEVQP
NKPG 
6JKURCTCOGVGTECPQPN[DGOQFKHKGFCHVGTGPVGTKPICEQFG%QPUWNV#VNCU%QREQKHVJGRCTCOGVGTKUVQ
DGEJCPIGF



+PUVTWEVKQPOCPWCN



%CNNKPIWROQFKH[KPINQCFFGNC[VKOG

%QPVTQNRCPGN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2
MG[
 

CPFVJGEQORTGUUQTNQCFRKEVQITCRJKUUJQYPCPFVJGPRTGUUGPVGT

U

6JKUUETGGPUJQYUVJGNQCFFGNC[VKOGCPFVJGWPKVU
GPVGTMG[
 

UGEQPFU6QOQFKH[VJKUXCNWGRTGUU

#PQRVKQPCNRCUUYQTFOC[DGTGSWKTGFVJGXCNWGUVCTVUDNKPMKPICPFCTTQYMG[U
 CPF
 ECPDG
WUGFVQOQFKH[VJGXCNWG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYXCNWGRTGUUTGUGVMG[VQECPEGN



%CNNKPIWROQFKH[KPIOKPKOWOUVQRVKOG

%QPVTQNRCPGN



+PUVTWEVKQPOCPWCN

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2

CPFVJGOQVQTRKEVQITCRJKUUJQYPCPFVJGPRTGUUGPVGTMG[
 

U

6JKUUETGGPUJQYUVJGOKPKOWOUVQRVKOGCPFVJGWPKVU
GPVGTMG[
 

UGEQPFU6QOQFKH[VJKUXCNWGRTGUU

6JGXCNWGUVCTVUDNKPMKPICPFCTTQYMG[U
 CPF
 ECPDGWUGFVQOQFKH[VJKUXCNWG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYXCNWG



#EVKXCVKPIRCUUYQTFRTQVGEVKQP

%QPVTQNRCPGN
+ORQTVCPVUGVVKPIUUWEJCUVJGUGVVKPIQHVJGUGTXKEGVKOGTRTGUUWTGDCPFUGVVKPIEQPVTQNOQFG
UGVVKPIUECPDGRTQVGEVGFD[CRCUUYQTF

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2

CPFRTGUUGPVGTMG[
 

2#55



+PUVTWEVKQPOCPWCN

2CUUYQTF2#55

CRRGCTUQPVJGUETGGP2TGUUGPVGTMG[
 

6JGUETGGPUJQYUVJGRCUUYQTFUVCVWUQP1P

QTQHH1((

2TGUUGPVGTMG[
 VQOQFKH[

%JCPIGVJGXCNWGYKVJUETQNNMG[U
 CPF
 
5GNGEV1P

CPFRTGUUGPVGTMG[
 

'PVGTVJGPGYRCUUYQTFCPFRTGUUGPVGTMG[
 VQEQPHKTO
'PVGTVJGRCUUYQTFCICKPCPFRTGUUGPVGTMG[
 VQEQPHKTO
1P

CRRGCTUQPVJGFKURNC[2TGUUTGUGVMG[VQTGVWTPVQVJGRCTCOGVGTUETGGP
.QUVRCUUYQTFUECPPQVDGTGEQXGTGF5CXGVJGRCUUYQTFECTGHWNN[



%CNNKPIWROQFKH[KPIRTQVGEVKQPUGVVKPIU

2TQVGEVKQPU

#PWODGTQHRTQVGEVKQPUGVVKPIUCTGRTQXKFGF6JGRTQVGEVKQPUETGGPUCTGPWODGTGF2T
RKEVQITCRJUJQYPYKVJVJGRTQVGEVKQPUETGGPKPFKECVGUVJGRWTRQUGQHVJGRTQVGEVKQP
2QUUKDNGEQODKPCVKQPUCTG2T

VJG

HQNNQYGFD[CPWODGTCPFQPGQHVJGPGZVRKEVQITCRJU

2KEVQITCRJ

&GUKIPCVKQP
2T UJQYPYKVJVJGRTGUUWTGRKEVQITCRJ
UJQYUVJGRTGUUWTGRTQVGEVKQPU
2T UJQYPYKVJVJGGNGOGPVQWVNGV
VGORGTCVWTGRKEVQITCRJUJQYUVJGGNGOGPVQWVNGV
VGORGTCVWTGRTQVGEVKQPU
2T UJQYPYKVJVJGFGYRQKPVVGORGTCVWTG
RKEVQITCRJUJQYUVJGFGYRQKPVVGORGTCVWTG
RTQVGEVKQPU
2T UJQYPYKVJVJGCODKGPVVGORGTCVWTG
RKEVQITCRJUJQYUVJGCODKGPVVGORGTCVWTG
RTQVGEVKQPU

(QWTRTQVGEVKQPUGVVKPIUCTGRQUUKDNG
#NQYYCTPKPINGXGNUJQYPQPVJGFKURNC[CU#..

#JKIJYCTPKPINGXGNUJQYPQPVJGFKURNC[CU#.*
#NQYUJWVFQYPNGXGNUJQYPQPVJGFKURNC[CU5F.






+PUVTWEVKQPOCPWCN

#JKIJUJWVFQYPNGXGNUJQYPQPVJGFKURNC[CU5F*

'ZCORNGQHRTQVGEVKQPUETGGP

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKN2T
VJGPRTGUUGPVGTMG[
 

HQNNQYGFD[CPWODGTCPFVJGGNGOGPVQWVNGVVGORGTCVWTGKUUJQYPCPF

u%
2T

#.*
6JGYCTPKPINGXGNHQTVJGJKIJVGORGTCVWTGYCTPKPINGXGN#.* CPFVJGJKIJVGORGTCVWTGUJWV
FQYPNGXGN5F* 7UGUETQNNMG[U
CPF HTQOVJGYCTPKPINGXGNVQVJGUJWVFQYPNGXGNRTGUU
GPVGTMG[
 VQOQFKH[VJGXCNWG
6JGXCNWGCRRGCTUQPVJGFKURNC[
2TGUUGPVGTMG[
 VQOQFKH[VJGXCNWG
#PQRVKQPCNRCUUYQTFOC[DGTGSWKTGFVJGXCNWGUVCTVUDNKPMKPICPFCTTQYMG[U
 CPF
 ECPDG
WUGVQOQFKH[VJGXCNWG
2TGUUGPVGTMG[
 VQRTQITCOVJGPGYXCNWGRTGUUTGUGVMG[VQECPEGN
2TQITCOOCDNGUGVVKPIUECPQPN[DGOQFKHKGFYKVJKPCNNQYGFNKOKVU



+PUVTWEVKQPOCPWCN



6GUVUETGGPU

&KURNC[VGUV

5VCTVKPIHTQOVJG/CKPUETGGP

DCT

2TGUUCTTQYMG[
 WPVKNV

KUUJQYPCPFVJGPRTGUUGPVGTMG[
 

5CHGV[XCNXGVGUV
+PVJGVGUVUETGGPV CUCHGV[XCNXGVGUVKURTQXKFGF6JGUCHGV[XCNXGUECPQPN[DGVGUVGFCHVGT
GPVGTKPICEQFG%QPUWNV#VNCU%QREQKHVJGUCHGV[XCNXGUCTGVQDGVGUVGF



2TQITCOOCDNGUGVVKPIU

2CTCOGVGTUWPNQCFKPINQCFKPIRTGUUWTGUHQT)#2CEM
/KPKOWO
UGVVKPI

(CEVQT[
UGVVKPI

/CZKOWO
UGVVKPI

7PNQCFKPIRTGUUWTGU
7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI









+PUVTWEVKQPOCPWCN

/KPKOWO
UGVVKPI

(CEVQT[
UGVVKPI

/CZKOWO
UGVVKPI

7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G

.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







/KPKOWO
UGVVKPI

(CEVQT[
UGVVKPI

/CZKOWO
UGVVKPI

.QCFKPIRTGUUWTGU

2CTCOGVGTUWPNQCFKPINQCFKPIRTGUUWTGUHQT)#(WNN(GCVWTGCPF)0

7PNQCFKPIRTGUUWTGU



7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







+PUVTWEVKQPOCPWCN

/KPKOWO
UGVVKPI

(CEVQT[
UGVVKPI

/CZKOWO
UGVVKPI

7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G







7PNQCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
DCTEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G



.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G



.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

DCT
G





.QCFKPIRTGUUWTG
RUKEQORTGUUQTU

RUKI







.QCFKPIRTGUUWTG
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 KUNKV6JG/CKPUETGGPYKNNEJCPIGKPVQCUETGGPUKOKNCTVQVJG
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 VJGHQNNQYKPIUETGGPCRRGCTU



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 VQUETQNNWPVKNVJGQRVKQP%NQEM(WPEVKQPKUHQNNQYGFD[CJQTK\QPVCN
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%QOOWPKECVKQPVKOGQWV

UGE







/KPKOWO
UGVVKPI

(CEVQT[
UGVVKPI

/CZKOWO
UGVVKPI

2TQITCOOGFUVQRVKOG
DCTCPFRUKEQORTGUUQTU

UGE







DCTCPFRUKEQORTGUUQTU

UGE







DCTCPFRUKEQORTGUUQTU

UGE







DCTCPFRUKEQORTGUUQTU

UVCTVUFC[







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(CEVQT[
UGVVKPI

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2TQVGEVKQPU



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UJWVFQYPYCTPKPINGXGN

u%





%QORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG

UJWVFQYPYCTPKPINGXGN

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%QORTGUUQTGNGOGPVQWVNGVVGORGTCVWTG

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UGVVKPI

/CZKOWO
UGVVKPI

&GNC[CVUKIPCN

UGE



&GNC[CVUVCTVKPI

UGE





5GTXKEGRNCP
#NUQUGGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNG
%QPUWNV#VNCU%QREQKHCVKOGTUGVVKPIJCUVQDGEJCPIGF6JGKPVGTXCNUOWUVPQVGZEGGFVJGPQOKPCN
KPVGTXCNUCPFOWUVEQKPEKFGNQIKECNN[5GGUGEVKQP/QFKH[KPIUGTXKEGRNCPU
/KPKOWO
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UGVVKPI

5GTXKEGRNCP#
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JT



5GTXKEGRNCP$
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5GTXKEGRNCP%
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6GTOKPQNQI[
6GTO

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%QORTGUUQT
GNGOGPVQWVNGV

6JGTGIWNCVQTFQGUPQVCEEGRVKNNQIKECNUGVVKPIUGIKHVJGYCTPKPINGXGNKU
RTQITCOOGFCVu%u(VJGOKPKOWONKOKVHQTVJGUJWVFQYPNGXGNEJCPIGU
VQu%u(6JGTGEQOOGPFGFFKHHGTGPEGDGVYGGPVJGYCTPKPINGXGNCPF
UJWVFQYPNGXGNKUu%u(

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FQYPUKIPCN

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KUTGSWKTGFVQRTQITCOVJKUUGVVKPIVQCPQVJGTXCNWGEQPUWNV#VNCU%QREQ

1KNUGRCTCVQT

7UG#VNCU%QREQQKNUGRCTCVQTU6JGTGEQOOGPFGFOCZKOWORTGUUWTGFKHHGTGPEGKU
DCTRUK

2QYGTTGEQXGT[ +UVJGRGTKQFYKVJKPYJKEJVJGXQNVCIGOWUVDGTGUVQTGFVQJCXGCPCWVQOCVKE
VKOG
TGUVCTV+UCEEGUUKDNGKHVJGCWVQOCVKETGUVCTVKUCEVKXCVGF5GG'NGMVTQPKMQP++
TGIWNCVQT6QCEVKXCVGVJGCWVQOCVKETGUVCTVHWPEVKQPEQPUWNV#VNCU%QREQ
/KPKOWOUVQR
VKOG

1PEGVJGEQORTGUUQTJCUCWVQOCVKECNN[UVQRRGFKVYKNNTGOCKPUVQRRGFHQTVJG
OKPKOWOUVQRVKOG
CRRTQZUGEQPFU YJCVGXGTJCRRGPUYKVJVJGPGVCKT
RTGUUWTG%QPUWNV#VNCU%QREQKHCUGVVKPINQYGTVJCPUGEQPFUKUTGSWKTGF

7PNQCFKPI
.QCFKPI
RTGUUWTG

6JGTGIWNCVQTFQGUPQVCEEGRVKNNQIKECNUGVVKPIUGIKHVJGWPNQCFKPIRTGUUWTGKU
RTQITCOOGFCVDCT
G RUKIVJGOCZKOWONKOKVHQTVJGNQCFKPIRTGUUWTG
EJCPIGUVQDCT
G RUKI6JGTGEQOOGPFGFOKPKOWORTGUUWTGFKHHGTGPEG
DGVYGGPNQCFKPICPFWPNQCFKPIKUDCTRUKI



+PUVTWEVKQPOCPWCN

15&QKNEQPFGPUCVGUGRCTCVQT



15&WPKV

1KNEQPFGPUCVGUGRCTCVQTU
%QORTGUUGFCKTNGCXKPIQKNKPLGEVGFEQORTGUUQTUEQPVCKPUQKN&WTKPIEQQNKPIQHVJKUCKTQKNEQPVCKPKPI
EQPFGPUCVGKUHQTOGF15&CTGFGUKIPGFVQUGRCTCVGVJGOCLQTRCTVQHVJKUQKNHTQOVJGEQPFGPUCVGCPF
VQECVEJVJGQKNKPCEQNNGEVQT6JGEQPFGPUCVGOGGVUVJGTGSWKTGOGPVUQHVJGGPXKTQPOGPVCNEQFGU

)GPGTCNXKGYQH15&V[RKECNGZCORNG



4GHGTGPEG

&GUKIPCVKQP

8GUUGN

2TGUUWTGICWIGHKNVGT

1KNHKNVGT

1KNEQNNGEVQT

%QPFGPUCVGKPNGV

&RQHHKNVGT

%NGCPEQPFGPUCVGQWVNGV

1KNQWVNGV

%QXGT

+PUVTWEVKQPOCPWCN

1RGTCVKQPQH15&
%QPFGPUCVGEQPVCKPKPIHKPGQKNFTQRNGVUHNQYUXKCUVTCKPGT
 VJTQWIJHKNVGT
 KPYJKEJVJGFTQRNGVU
EQCNGUEGKPVQNCTIGTFTQRU6JKUQKNKUNGFVQYCVGTXGUUGN
 YJGTGVJGQKNTKUGUFWGVQVJGFKHHGTGPEGKP
URGEKHKEOCUU6JGXGUUGNKURTQXKFGFYKVJVYQUGRCTCVGFQWVNGVUQPGHQTEQPFGPUCVG
 YJKEJKUNGF
QWVUKFGVJGDQF[YQTMCPFQPGHQTVJGUGRCTCVGFQKN
 YJKEJKUECWIJVKPEQNNGEVQT
 



+PUVCNNCVKQP

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%QPFGPUCVGFTCKPU



+PUVTWEVKQPOCPWCN

2TQEGFWTG
 5VQRVJGEQORTGUUQTCPFENQUGVJGCKTQWVNGVXCNXG5YKVEJQHHVJGXQNVCIG&GRTGUUWTK\GVJGCKT
QWVNGVU[UVGOD[QRGPKPIOCPWCNEQPFGPUCVGFTCKPXCNXG
&O UGGUGEVKQP+PVTQFWEVKQPHQTVJG
RQUKVKQPQHVJGFTCKPXCNXG
 .QQUGPVJGEQPFGPUCVGFTCKPVWDGQHVJGEQORTGUUQTEQPFGPUCVGVTCRHTQOKVUEQWRNKPI
&C 
 2QUKVKQPVJGUGRCTCVQTMKVCUUJQYPCPFHKZKVYKVJDQNVU
 
 %QPPGEVVJGNQQUGFTCKPVWDGHTQOEQPFGPUCVGFTCKP
&C VQUVTCKPGT
 QHVJG15&UGRCTCVQT
 6JGDQF[YQTMQHVJGEQORTGUUQTKURTQXKFGFYKVJCRNWIIGFJQNG
&E 4GOQXGVJKURNWICPFKPUVCNN
VJGEQWRNKPIUFGNKXGTGFYKVJVJGUGRCTCVQTMKV
%QPPGEVYCVGTVWDG
 VQVJGTGCTUKFGQHEQWRNKPI
&E .GCFVJGEQPFGPUCVGQWVNGVHNGZKDNGHTQO
EQWRNKPI
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 4GOQXGVJGEQXGT
 CPFHKNNXGUUGN
 YKVJYCVGTWPVKNVJGYCVGTHNQYUVJTQWIJVJGYCVGTQWVNGV
QHVJG15&
 4GKPUVCNNVJGEQXGT



1RGTCVKPICPFOCKPVGPCPEGKPUVTWEVKQPU

5CHGV[RTGECWVKQPU
$GHQTGECTT[KPIQWVCP[OCKPVGPCPEGTGRCKTYQTMQTCFLWUVOGPVURTQEGGFCU
HQNNQYU
5VQRVJGEQORTGUUQT
2TGUUVJGGOGTIGPE[UVQRDWVVQP
5YKVEJQHHVJGXQNVCIG
%NQUGVJGCKTQWVNGVXCNXGCPFQRGPKHRTQXKFGFVJGOCPWCNEQPFGPUCVGFTCKP
XCNXG
&GRTGUUWTK\GVJGEQORTGUUQT
(QTFGVCKNGFKPUVTWEVKQPUUGG2TQDNGOUQNXKPI
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU
1RGTCVKPIKPUVTWEVKQPU

+PUKFGQH15&
$GHQTGUVCTVKPIEJGEMVJCVXGUUGN
 KUHKNNGF+HPGEGUUCT[IGPVN[RQWTYCVGTKPVQHKNNGTRKRG
 WPVKN
KVHNQYUVJTQWIJVWDG
 4GKPUVCNNVJGEQXGT



+PUVTWEVKQPOCPWCN

&WTKPIQRGTCVKQPQHVJGEQORTGUUQTCPQKNNC[GTKUDWKNVWRCDQXGVJGYCVGTNGXGNKPXGUUGN
 
&GRGPFKPIQPVJGECRCEKV[QHVJGEQORTGUUQTCPFKVUQRGTCVKQPE[ENGVJGJWOKFKV[QHVJGKPNGVCKTCPF
VJGQKNEQPVGPVQHVJGEQORTGUUGFCKTKVOC[VCMGUGXGTCNYGGMUQTOQPVJUDGHQTGCPQKNNGXGNKU
QDUGTXGFKPEQNNGEVQT
 
4GIWNCTN[EJGEMVJCVXGUUGN
 KUHKNNGF+HPGEGUUCT[IGPVN[RQWTYCVGTKPVQHKNNGTRKRG
 WPVKNKV
HNQYUVJTQWIJVWDG
 -GGRVJGEQXGTKPUVCNNGF
%QPFGPUCVGFTCKPU

/CKPVGPCPEGKPUVTWEVKQPU
%QPUWNVUGEVKQP15&WPKVHQTVJGTGHGTGPEGU



+PVGTXCN

4WPPKPIJQWTU

1RGTCVKQP

9GGMN[



%JGEMRTGUUWTGICWIG
 +HVJGRTGUUWTGTGCEJGUDCT
G 

RUKI QTGXGT[QRGTCVKPIJQWTUTGRNCEGHKNVGT
 7PUETGY
VJGHKNVGT(KNNVJGPGYHKNVGTYKVJYCVGTNKIJVN[QKNKVUICUMGV
UETGYKVQPCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP %JGEM
UVTCKPGT
 KHPGEGUUCT[ENGCPKV

/QPVJN[



%JGEMVJGQKNNGXGNKPEQNNGEVQT
 +HPGCTN[HWNNFKUEQPPGEVQKN
VWDG
 CPFFGNKXGTVJGQKNVQVJGNQECNQKNEQNNGEVKQPUGTXKEG
4GKPUVCNNCPGORV[EQNNGEVQT

%JGEMRTGHKNVGT
 ENGCPKVKHPGEGUUCT[

2KEVQITCRJU

2KEVQITCRJUUJQYPQP15&



+PUVTWEVKQPOCPWCN



4GHGTGPEG

&GUETKRVKQP

1KN

1KNQWVNGV

%QPFGPUCVGQWVNGV

2TGUUWTG

+PNGV

5GTXKEGRQKPVFTCKP

5GRCTCVQTKPNGVRTGUUWTG

1KNICUMGVUETGYQPHKNVGTCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP

%QPUWNVKPUVTWEVKQPNGCHNGVDGHQTGOCKPVGPCPEGQTTGRCKT

+PUVTWEVKQPOCPWCN

+PUVCNNCVKQP



&KOGPUKQPFTCYKPIU

&TCYKPIU

&KOGPUKQPFTCYKPI(NQQTOQWPVGFXGTUKQP



+PUVTWEVKQPOCPWCN

&KOGPUKQPFTCYKPI6CPMOQWPVGFXGTUKQP



+PUVTWEVKQPOCPWCN



4GHGTGPEG

&GUKIPCVKQP

OOHQTWPKVUYKVJNCKTTGEGKXGT
OOHQTWPKVUYKVJNCKTTGEGKXGT

OOHQTWPKVUYKVJNCKTTGEGKXGT
OOHQTWPKVUYKVJNCKTTGEGKXGT

OOHQTWPKVUYKVJNCKTTGEGKXGT
OOHQTWPKVUYKVJNCKTTGEGKXGT

%QORTGUUQTCPFOQVQTEQQNKPICKTKPNGV

/QVQTCPFFT[GTEQQNKPICKTQWVNGV

%QQNKPICKTQWVNGV

%QQNKPICKTKPNGV

&T[GTCKTKPNGV

%QORTGUUGFCKTQWVNGV

%QORTGUUQTCKTKPNGV

/CPWCNFTCKP

#WVQOCVKEFTCKP



9GKIJV



'NGEVTKECNECDNGGPVT[



4GCTXKGY

+PUVCNNCVKQPRTQRQUCN

+PUVCNNCVKQPRTQRQUCN

6TCPURQTVD[RCNNGVVTWEM



+PUVTWEVKQPOCPWCN

6QRTGXGPVCVCPMOQWPVGFOQFGNHTQOHCNNKPIQXGTFWTKPIVTCPURQTVD[RCNNGVVTWEM
RWUJVJGHQTMUWPFGTPGCVJVJGCKTTGEGKXGTCPFRTQXKFGCYQQFGPDGCO
 
UGEVKQP
CRRTQZZEOZKP VJTQWIJVJGUWRRQTVUCVDQVJUKFGUQHVJGTGEGKXGT
9JKNGJQNFKPIVJGEQORTGUUQTUNQYN[NKHVVJGHQTMUWPVKNVJGTGEGKXGTKUUGEWTGF
DGVYGGPVJGDGCOU
/QXGVJGEQORTGUUQTUOQQVJN[

%QORTGUUQTTQQOGZCORNG



+PUVTWEVKQPOCPWCN

6GZVQPFTCYKPI
4GHGTGPEG

&GUKIPCVKQP

8GPVKNCVKQPRTQRQUCNU

/KPKOWOHTGGCTGCVQDGTGUGTXGFHQTVJGEQORTGUUQTKPUVCNNCVKQP

%QORTGUUQT

(TQPV

6QRXKGY

&GUETKRVKQP
 +PUVCNNVJGEQORTGUUQTWPKVQPCUQNKFNGXGNHNQQTUWKVCDNGHQTVCMKPIVJGYGKIJV6JGTGEQOOGPFGF
OKPKOWOFKUVCPEGDGVYGGPVJGVQRQHVJGWPKVCPFVJGEGKNKPIKUOO
KP 6JGCKTTGEGKXGT
OWUVPQVDGDQNVGFVQVJGHNQQT6JGOKPKOWOFKUVCPEGDGVYGGPVJGYCNNCPFVJGDCEMQHVJG
EQORTGUUQTOWUVDGOO
KP 
 2QUKVKQPQHVJGEQORTGUUGFCKTQWVNGVXCNXG
6QHCEKNKVCVGVJGCEEGUUVQVJGFT[GTFWTKPIOCKPVGPCPEGQRGTCVKQPURTQXKFGCHNGZKDNGEQPPGEVKQP
DGVYGGPVJGCKTQWVNGVXCNXGCPFVJGCKTPGV
%NQUGVJGXCNXG
%QPPGEVVQVJGCKTPGV
 6JGRTGUUWTGFTQRQXGTVJGCKTQWVNGVRKRGECPDGECNEWNCVGFCUHQNNQYU
FR
.ZZ3E 
FZR 
F+PPGTFKCOGVGTQHVJGQWVNGVRKRGKPOO
FR2TGUUWTGFTQR
TGEQOOGPFGFOCZKOWODCTRUK
..GPIVJQHQWVNGVRKRGKPO
R#DUQNWVGRTGUUWTGCVVJGEQORTGUUQTQWVNGVKPDCT
C
3E(TGGCKTFGNKXGT[QHVJGEQORTGUUQTKPNU
 8GPVKNCVKQPVJGKPNGVITKFUCPFXGPVKNCVKQPHCPUJQWNFDGKPUVCNNGFKPUWEJCYC[VJCVCP[
TGEKTEWNCVKQPQHEQQNKPICKTVQVJGEQORTGUUQTQTFT[GTKUCXQKFGF6JGOCZKOWOCKTXGNQEKV[VJTQWIJ
VJGITKFUKUOU
HVU 
6JGOCZKOWOCNNQYCDNGRTGUUWTGFTQRQXGTVJGEQQNKPICKTFWEVUKU2C
KPYE 
+HKVKUITGCVGTVJCPVJKUXCNWGCHCPKUPGGFGFCVVJGQWVNGVQHVJGFWEVU%QPUWNV#VNCU%QREQ
(QTCNVGTPCVKXGUCPFVJGTGSWKTGFXGPVKNCVKQPECRCEKV[VQNKOKVVJGEQORTGUUQTTQQOVGORGTCVWTG
ECPDGECNEWNCVGFCUHQNNQYU
3X0F6HQTWPKVUYKVJQWVQRVKQPCNFT[GT
3X
0  F6HQTWPKVUYKVJQRVKQPCNFT[GT
3X4GSWKTGFXGPVKNCVKQPECRCEKV[KPOU
05JCHVKPRWVQHEQORTGUUQTKPM9
F66GORGTCVWTGKPETGCUGKPEQORTGUUQTTQQO
(QTCNVGTPCVKXGUCPFVJGHCPECRCEKV[UJQWNFOCVEJVJGEQORTGUUQTHCPECRCEKV[CVCRTGUUWTG
JGCFGSWCNVQVJGRTGUUWTGFTQRCETQUUVJGCKTFWEVU
 6JGFTCKPRKRGUVQVJGFTCKPEQNNGEVQTOWUVPQVFKRKPVQVJGYCVGTQHVJGFTCKPEQNNGEVQT#VNCU%QREQ
JCUQKNYCVGTUGRCTCVQTU
V[RG15& VQUGRCTCVGVJGOCLQTRCTVQHVJGQKNHTQOVJGEQPFGPUCVGVQ
GPUWTGVJCVVJGEQPFGPUCVGOGGVUVJGTGSWKTGOGPVUQHVJGGPXKTQPOGPVCNEQFGU



+PUVTWEVKQPOCPWCN

 2QUKVKQPQHEQPVTQNRCPGN
 2QUKVKQPQHVJGOCKPECDNGGPVT[
 (KNVGTV[RG&&HQTIGPGTCNRWTRQUGU
QRVKQPCN 6JGHKNVGTVTCRUUQNKFRCTVKENGUFQYPVQOKETQPYKVJ
COCZQKNECTT[QXGTQHOIO#JKIJGHHKEKGPE[HKNVGTV[RG2&
QRVKQPCN OC[DGKPUVCNNGF
FQYPUVTGCOQHC&&HKNVGT6JKUHKNVGTVTCRUUQNKFRCTVKENGUFQYPVQOKETQPYKVJOCZQKNECTT[
QXGTQHOIO+HQKNXCRQWTUCPFQFQWTUCTGWPFGUKTCDNGC3&V[RGHKNVGTUJQWNFDGKPUVCNNGF
FQYPUVTGCOQHVJG2&HKNVGT
+VKUTGEQOOGPFGFVQRTQXKFGD[RCUURKRGUCPFXCNXGUCETQUUVJGHKNVGTUKPQTFGTVQKUQNCVGVJG
HKNVGTUFWTKPIOCKPVGPCPEGYKVJQWVFKUVWTDKPIVJGEQORTGUUQT
 5CHGV[XCNXG



'NGEVTKECNEQPPGEVKQPU

'NGEVTKECNEQPPGEVKQPU
 2TQXKFGCPKUQNCVKPIUYKVEJPGCTD[VJGEQORTGUUQT
 %JGEMVJCVVJGOQVQTECDNGUCPFYKTGUKPUKFGVJGGNGEVTKEECDKPGVCTGENCORGFVKIJVVQVJGKT
VGTOKPCNU
 %JGEMVJGHWUGUCPFVJGUGVVKPIQHVJGQXGTNQCFTGNC[5GGUGEVKQP5GVVKPIUQHQXGTNQCFTGNC[CPF
HWUGU
 %QPPGEVVJGRQYGTUWRRN[ECDNGUVQVGTOKPCNU...QHVGTOKPCNUVTKR
: 
 %QPPGEVVJGGCTVJEQPFWEVQTVQGCTVJDQNV
: 



+PUVTWEVKQPOCPWCN

'NGEVTKECNEQPPGEVKQPUHQT)#WRVQ)#
4GHGTGPEG

&GUKIPCVKQP

%WUVQOGTUKPUVCNNCVKQP

1RVKQP

&T[GT

#NNXQNVCIGUGZEGRV8*\



+PUVTWEVKQPOCPWCN

4GHGTGPEG

&GUKIPCVKQP

8*\

1KNEQQNGTHCPOQVQTENQEMYKUGTQVCVKQP

#KTEQQNGTHCPOQVQTEQWPVGTENQEMYKUGTQVCVKQP

5WRRN[QHFT[GTQKNEQQNGTCPFCKTEQQNGT

#NNQVJGTXQNVCIGU



2KEVQITCRJU

&GUETKRVKQP

2KEVQITCRJU



4GHGTGPEG

&GUKIPCVKQP

/CPWCNEQPFGPUCVGFTCKP

#WVQOCVKEEQPFGPUCVGFTCKP

9CTPKPIXQNVCIG

9CTPKPIUYKVEJQHHVJGXQNVCIGCPFFGRTGUUWTKUGEQORTGUUQTDGHQTGTGRCKTKPI

9CTPKPIDGHQTGEQPPGEVKPIEQORTGUUQTGNGEVTKECNN[EQPUWNV+PUVTWEVKQPDQQMHQT
OQVQTTQVCVKQPFKTGEVKQP

6QTSWGUHQTUVGGN
(G QTDTCUU
%W<P DQNVU

%QPUWNVKPUVTWEVKQPDQQMDGHQTGITGCUKPI

.KIJVN[QKNICUMGVQHQKNHKNVGTUETGYKVQPCPFVKIJVGPD[JCPF
CRRTQZJCNHCVWTP

+PUVTWEVKQPOCPWCN

1RGTCVKPIKPUVTWEVKQPU



$GHQTGKPKVKCNUVCTVWR

5CHGV[
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPVUCHGV[RTGECWVKQPUKPENWFKPIVJQUGOGPVKQPGFKP
VJKUDQQM

1WVFQQTCNVKVWFGQRGTCVKQP
+HVJGEQORTGUUQTKUKPUVCNNGFQWVFQQTUQTKHVJGCKTKPNGVVGORGTCVWTGECPDGDGNQYu%u(
RTGECWVKQPUOWUVDGVCMGP+PVJKUECUGCPFCNUQKHQRGTCVKPICDQXGO
HV EQPUWNV#VNCU
%QREQ
/QXKPINKHVKPI
5GGUGEVKQP+PUVCNNCVKQPRTQRQUCN
4GOQVGUVCTVKPIUVQRRKPIQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP+TGIWNCVQT
*CXGVJGOQFKHKECVKQPUEJGEMGFD[#VNCU%QREQ5VQRVJGEQORTGUUQTCPFUYKVEJQHH
VJGXQNVCIGDGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV1PN[XQNVCIGHTGGEQPVCEVUCTG
CNNQYGF
4GOQVGUVCTVKPICPFUVQRRKPI
%QPPGEVCUVCTVRTQITCOOGFUVQRDWVVQPDGVYGGPVGTOKPCNUCPFQHVGTOKPCNUVTKR
: 5GG
UGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGVGTOKPCNUVTKR
'ZVGTPCNEQORTGUUQTUVCVWUKPFKECVKQPQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQT
6JG'NGMVTQPKMQP++TGIWNCVQTKURTQXKFGFYKVJCWZKNKCT[EQPVCEVU
---CPF- CVVJGDCEMQH
VJGGNGEVTQPKEOQFWNGHQTGZVGTPCNKPFKECVKQPQH
NQYQTJKIJCKTRTGUUWTG
- ENQUGFOGCPUJKIJCKTRTGUUWTG
OCPWCNNQCFWPNQCFQTCWVQOCVKEQRGTCVKQP
-
YCTPKPIEQPFKVKQP
-
UJWVFQYPEQPFKVKQP
-
/CZKOWONQCFHQTVJGUGEQPVCEVU#8#%5VQRVJGEQORTGUUQTCPFUYKVEJQHHVJGXQNVCIG
DGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV%QPUWNV#VNCU%QREQ
%QORTGUUQTEQPVTQNOQFGUQPEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQT
*CXGVJGOQFKHKECVKQPUEJGEMGFD[#VNCU%QREQ5VQRVJGEQORTGUUQTCPFUYKVEJQHH
VJGXQNVCIGDGHQTGEQPPGEVKPIGZVGTPCNGSWKROGPV1PN[XQNVCIGHTGGEQPVCEVUCTG
CNNQYGF



+PUVTWEVKQPOCPWCN

%QPUWNVUGEVKQP2TQITCOOKPIEQORTGUUQTEQPVTQNOQFGUKHKVKUFGUKTGFVQUYKVEJVQCPQVJGTEQPVTQN
OQFG
6JGHQNNQYKPIEQPVTQNOQFGUECPDGUGNGEVGF
.QECNEQPVTQN6JGEQORTGUUQTYKNNTGCEVVQEQOOCPFUGPVGTGFD[VJGDWVVQPUQPVJGEQPVTQNRCPGN
%QORTGUUQTUVCTVUVQREQOOCPFUXKC%NQEMHWPEVKQPCTGCEVKXGKHRTQITCOOGF
4GOQVGEQPVTQN6JGEQORTGUUQTYKNNTGCEVVQEQOOCPFUHTQOGZVGTPCNUYKVEJGU'OGTIGPE[UVQR
TGOCKPUCEVKXG%QORTGUUQTUVCTVUVQREQOOCPFUXKC%NQEMHWPEVKQPCTGUVKNNRQUUKDNG
(QTTGOQVGUVCTVKPICPFUVQRRKPI
%QPPGEVCUVCTVRTQITCOOGFUVQRDWVVQPDGVYGGPVGTOKPCNUCPFQHVGTOKPCNUVTKR
: 5GG
UGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGVGTOKPCNUVTKR
$TKFIGVGTOKPCNUCPFQHVGTOKPCNUVTKR
: +PVJKUOQFGVJGQWVNGVRTGUUWTGKUUVKNNUGPUGF
D[RTGUUWTGVTCPUFWEGT
26 TGUWNVKPIKPNQCFKPICPFWPNQCFKPIQHVJGEQORTGUUQTCVVJG
RTGUUWTGURTQITCOOGFKPVJGGNGEVTQPKETGIWNCVQT+HVGTOKPCNUCPFQHVGTOKPCNUVTKR
: CTG
PQVDTKFIGFVJGEQORTGUUQTKUUYKVEJGFQWVQHCWVQOCVKENQCFWPNQCFQRGTCVKQPCPFTGOCKPU
TWPPKPIWPNQCFGF5GGUGEVKQP'NGEVTKECNU[UVGOVQNQECVGVJGVGTOKPCNUVTKR
(QTTGOQVGNQCFKPIWPNQCFKPI
XKCGZVGTPCNRTGUUWTGUYKVEJ 
$TKFIGVGTOKPCNUCPFQHVGTOKPCNUVTKR
: CPFEQPPGEVCNQCFWPNQCFUYKVEJDGVYGGP
VGTOKPCNUCPFQHVGTOKPCNUVTKR
: 6JKUTGUWNVUKPNQCFKPICPFWPNQCFKPIQHVJGEQORTGUUQT
CVVJGENQUKPICPFQRGPKPIRTGUUWTGUQHVJGGZVGTPCNRTGUUWTGUYKVEJTGURGEVKXGN[
.#0EQPVTQN6JGEQORTGUUQTKUEQPVTQNNGFXKCCNQECNPGVYQTM%QPUWNV#VNCU%QREQ



+PKVKCNUVCTVWR

5CHGV[
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU

2TQEGFWTG
(QTVJGRQUKVKQPQHVJGCKTQWVNGVXCNXGCPFVJGFTCKPEQPPGEVKQPUUGGUGEVKQPU
+PVTQFWEVKQPCPF%QPFGPUCVGU[UVGO



+PUVTWEVKQPOCPWCN

6TCPURQTVHKZVWTGU

/QVQTFKTGEVKQPCTTQY



+PUVTWEVKQPOCPWCN

2QUKVKQPQHQKNNGXGNUKIJVINCUU



+PUVTWEVKQPOCPWCN

'NGEVTKECNECDKPGV
V[RKECNGZCORNG



+PUVTWEVKQPOCPWCN



%QPUWNVVJGUGEVKQPU'NGEVTKEECDNGUK\G+PUVCNNCVKQPRTQRQUCNUCPF&KOGPUKQPFTCYKPIU

6JGHQNNQYKPIVTCPURQTVHKZVWTGURCKPVGFTGFOWUVDGTGOQXGF
$QNVU

$WUJGU

(QTCXQNVCIGUWRRN[QVJGTVJCP8QT8 0CVTCPUHQTOGT
6 KURTQXKFGF4GOQXGVJG
URCEGTUWPFGTPGCVJVJKUVTCPUHQTOGT5GG'NGEVTKECNEQPPGEVKQPU

%JGEMVJCVVJGGNGEVTKECNEQPPGEVKQPUEQTTGURQPFVQVJGNQECNEQFGUCPFVJCVCNNYKTGUCTG
ENCORGFVKIJVVQVJGKTVGTOKPCNU
6JGKPUVCNNCVKQPOWUVDGGCTVJGFCPFRTQVGEVGFCICKPUVUJQTVEKTEWKVUD[HWUGUQHVJGKPGTVV[RGKP
CNNRJCUGU#PKUQNCVKPIUYKVEJOWUVDGKPUVCNNGFPGCTVJGEQORTGUUQT

%JGEMVTCPUHQTOGT
6 HQTEQTTGEVEQPPGEVKQP
%JGEMVJGUGVVKPIUQHFTKXGOQVQTQXGTNQCFTGNC[
( 
%JGEMVJCVVJGOQVQTQXGTNQCFTGNC[KUUGVHQTOCPWCNTGUGVVKPI

(KVVJGCKTQWVNGVXCNXG
#8 UGGUGEVKQP+PVTQFWEVKQPHQTVJGRQUKVKQPQHVJGXCNXG
%NQUGVJGXCNXG
%QPPGEVVJGCKTPGVVQVJGXCNXG
1PEQORTGUUQTUGSWKRRGFYKVJCFT[GTD[RCUUHKVVJGCKTQWVNGVXCNXGVQVJGFT[GTD[RCUURKRG

+HRTQXKFGFEQPPGEVVJGOCPWCNEQPFGPUCVGFTCKPXCNXG
&O 
%NQUGVJGXCNXG
%QPPGEVVJGXCNXGVQCFTCKPEQNNGEVQT

+HRTQXKFGFEQPPGEVVJGCWVQOCVKEFTCKPQWVNGV
&C VQCFTCKPEQNNGEVQT
6JGFTCKPRKRGUVQVJGFTCKPEQNNGEVQTOWUVPQVFKRKPVQVJGYCVGT+HVJGRKRGUJCXGDGGPHKVVGF
QWVUKFGVJGTQQOYJGTGHTGG\KPIKURQUUKDNGVJG[OWUVDGKPUWNCVGF(QTFTCKPKPIQHRWTG
EQPFGPUCVGYCVGTKPUVCNNCPQKNYCVGTUGRCTCVQTYJKEJKUCXCKNCDNGHTQO#VNCU%QREQCUCP
QRVKQP5GGUGEVKQP15&WPKV

%JGEMVJGQKNNGXGN
6JGQKNNGXGNUKIJVINCUUUJQWNFDGDGVYGGPCPFHWNN

2TQXKFGNCDGNUYCTPKPIVJGQRGTCVQTVJCV
6JGEQORTGUUQTOC[CWVQOCVKECNN[TGUVCTVCHVGTXQNVCIGHCKNWTG
KHCEVKXCVGFEQPUWNV#VNCU
%QREQ 
6JGEQORTGUUQTKUCWVQOCVKECNN[EQPVTQNNGFCPFOC[DGTGUVCTVGFCWVQOCVKECNN[

5YKVEJQPVJGXQNVCIG5VCTVVJGEQORTGUUQTCPFUVQRKVKOOGFKCVGN[%JGEMVJGTQVCVKQP
FKTGEVKQPQHVJGFTKXGOQVQT
/ YJKNGVJGOQVQTKUEQCUVKPIVQCUVQR
1PCKTEQQNGFEQORTGUUQTUEJGEMCNUQVJGTQVCVKQPFKTGEVKQPQHVJGHCPOQVQT
6JGEQTTGEVTQVCVKQPFKTGEVKQPQHVJGFTKXGOQVQTKUENQEMYKUGYJGPHCEKPIVJGPQPFTKXGGPFQH
VJGOQVQTCPFKUKPFKECVGFD[CPCTTQY
 %JGEMCNUQVJCVVJGHCPOQVQTUCTGDNQYKPIEQQNKPI
CKTVJTQWIJVJGTQQHQHVJGEQORTGUUQT
+HVJGTQVCVKQPFKTGEVKQPQHVJGFTKXGOQVQTKUKPEQTTGEVUYKVEJQHHVJGXQNVCIGCPFTGXGTUGVYQ
KPEQOKPIGNGEVTKENKPGU
+PEQTTGEVTQVCVKQPFKTGEVKQPQHVJGFTKXGOQVQTOC[ECWUGFCOCIGVQVJGEQORTGUUQT

1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP+TGIWNCVQTEJGEMVJGUGVVKPIUUGGUGEVKQP
2TQITCOOCDNGUGVVKPIU
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTEJGEMVJGRTQITCOOGFUGVVKPIU
%QPUWNVUGEVKQP2TQITCOOCDNGUGVVKPIU

5VCTVCPFTWPVJGEQORTGUUQTHQTCHGYOKPWVGU%JGEMVJCVVJGEQORTGUUQTQRGTCVGUPQTOCNN[

+PUVTWEVKQPOCPWCN



$GHQTGUVCTVKPI

2TQEGFWTG




%JGEMVJGQKNNGXGNVQRWRKHPGEGUUCT[5GGUGEVKQP+PKVKCNUVCTVWR

5VCTVKPI

2TQEGFWTG
(QTVJGRQUKVKQPQHVJGCKTQWVNGVXCNXGCPFVJGFTCKPEQPPGEVKQPUUGGUGEVKQPU
+PVTQFWEVKQPCPF%QPFGPUCVGU[UVGO

%QPVTQNRCPGNQH'NGMVTQPKMQP+

%QPVTQNRCPGNQH'NGMVTQPKMQP++



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5VGR

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5YKVEJQPVJGXQNVCIG%JGEMVJCVXQNVCIGQP.'&
 NKIJVUWR

1RGPVJGCKTQWVNGVXCNXG

%NQUGVJGEQPFGPUCVGFTCKPXCNXG
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2TGUUUVCTVDWVVQP
 QPVJGEQPVTQNRCPGN6JGEQORTGUUQTUVCTVUTWPPKPICPFVJGCWVQOCVKE
QRGTCVKQP.'&
 NKIJVUWR6GPUGEQPFUCHVGTUVCTVKPIVJGFTKXGOQVQTUYKVEJGUQXGTHTQOUVCT
VQFGNVCCPFVJGEQORTGUUQTUVCTVUTWPPKPINQCFGF



&WTKPIQRGTCVKQP

2TQEGFWTG

%QPVTQNRCPGN'NGMVTQPKMQP+

%QPVTQNRCPGN'NGMVTQPKMQP++



+PUVTWEVKQPOCPWCN

2QUKVKQPQHQKNNGXGNUKIJVINCUUCPFUGTXKEGKPFKECVQT
4GIWNCTN[EJGEMVJGQKNNGXGN6JTGGOKPWVGUCHVGTUVQRRKPIUKIJVINCUU
)N UJQWNFDGDGVYGGPCPF
HWNN9CKVWPVKNVJGEQORTGUUQTJCUUVQRRGFFGRTGUUWTKUGVJGQKNU[UVGOD[WPUETGYKPIQKNHKNNGTRNWI

(% QPGVWTPCPFYCKVCHGYOKPWVGU4GOQXGVJGRNWICPFVQRWRQKNWPVKNVJGUKIJVINCUUKUHWNN(KV
CPFVKIJVGPVJGRNWI
(% 
9JGPCWVQOCVKEQRGTCVKQP.'&
 KUNKVVJGTGIWNCVQTKUCWVQOCVKECNN[EQPVTQNNKPIVJGEQORTGUUQTKG
NQCFKPIWPNQCFKPIUVQRRKPIQHVJGOQVQTUCPFTGUVCTVKPI
+HRTQXKFGFTGIWNCTN[EJGEMVJCVEQPFGPUCVGKUFKUEJCTIGFFWTKPIQRGTCVKQP5GGUGEVKQP%QPFGPUCVG
U[UVGOCPFKPECUGQHCP15&CNUQEJGEMVJGNGXGNKPVJGQKNEQNNGEVQTUGGUGEVKQP15&/CKPVGPCPEG
CPFQRGTCVKPIKPUVTWEVKQP6JGCOQWPVQHEQPFGPUCVGFGRGPFUQPGPXKTQPOGPVCNCPFYQTMKPI
EQPFKVKQPU



+PUVTWEVKQPOCPWCN



%JGEMKPIVJGFKURNC[

2TQEGFWTG

%QPVTQNRCPGN'NGMVTQPKMQP+

%QPVTQNRCPGN'NGMVTQPKMQP++
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP+TGIWNCVQTEJGEMVJGFKURNC[
 TGIWNCTN[VJG
EQORTGUUQTUVCVWUKUKPFKECVGFD[RKEVQITCRJUUGGUGEVKQP2KEVQITCRJUWUGFQPVJGUETGGP4GOGF[VJG
VTQWDNGKHCNCTO.'&
 KUNKVQTHNCUJGUUGGUGEVKQPU5GTXKEGYCTPKPI5JWVFQYPYCTPKPICPF5JWV
FQYP
1PEQORTGUUQTUGSWKRRGFYKVJCP'NGMVTQPKMQP++TGIWNCVQTEJGEMVJGFKURNC[
 TGIWNCTN[HQTTGCFKPIU
CPFOGUUCIGU0QTOCNN[VJGFKURNC[UJQYUVJGEQORTGUUQTQWVNGVRTGUUWTGVJGUVCVWUQHVJG
EQORTGUUQTCPFVJGCDDTGXKCVKQPUQHVJGHWPEVKQPUQHVJGMG[UDGNQYVJGFKURNC[4GOGF[VJGVTQWDNGKH
CNCTO.'&
 KUNKVQTHNCUJGUUGGUGEVKQP5VCVWUFCVCOGPW
6JGFKURNC[
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NGXGNHQTCOQPKVQTGFEQORQPGPVJCUDGGPGZEGGFGF%CTT[QWVVJGUGTXKEGCEVKQPUQHVJGKPFKECVGFRNCPU
QTTGRNCEGVJGEQORQPGPVCPFTGUGVVJGTGNGXCPVVKOGTUGGUGEVKQP5VCVWUFCVCOGPW



+PUVTWEVKQPOCPWCN



5VQRRKPI

'NGMVTQPKMQPTGIWNCVQT

%QPVTQNRCPGNQH'NGMVTQPKMQP+

%QPVTQNRCPGNQH'NGMVTQPKMQP++
2TQEGFWTG
5VGR

#EVKQP

2TGUUUVQRDWVVQP
 #WVQOCVKEQRGTCVKQP.'&
 IQGUQWVCPFVJGEQORTGUUQT
UVQRUCHVGTUGEQPFUQHWPNQCFGFQRGTCVKQP

6QUVQRVJGEQORTGUUQTKPVJGGXGPVQHCPGOGTIGPE[RTGUUGOGTIGPE[UVQRDWVVQP

 #NCTO.'&HNCUJGU
 
1PEQORTGUUQTUYKVJ'NGMVTQPKMQP+CHVGTTGOGF[KPIVJGHCWNVWPNQEMVJGDWVVQPD[
RWNNKPIKVQWVCPFRTGUUVJGTGUGVMG[
 DGHQTGTGUVCTVKPI
1PEQORTGUUQTUYKVJ'NGMVTQPKMQP++CHVGTTGOGF[KPIVJGHCWNVWPNQEMVJGDWVVQPD[
RWNNKPIKVQWVCPFRTGUU4UGVMG[
 DGHQTGTGUVCTVKPI

%NQUGVJGCKTQWVNGVXCNXG
#8 UGGUGEVKQP+PVTQFWEVKQP

1RGPVJGEQPFGPUCVGFTCKPXCNXG
&O 5GGUGEVKQP%QPFGPUCVGU[UVGO



+PUVTWEVKQPOCPWCN



6CMKPIQWVQHQRGTCVKQP

2TQEGFWTG



5VGR

#EVKQP

5VQRVJGEQORTGUUQTCPFENQUGVJGCKTQWVNGVXCNXG

5YKVEJQHHVJGXQNVCIGCPFFKUEQPPGEVVJGEQORTGUUQTHTQOVJGOCKPU

&GRTGUUWTKUGVJGEQORTGUUQTD[QRGPKPIRNWI
(% %QPUWNVUGEVKQP1KNCPFQKNHKNVGT
EJCPIGVQNQECVGVJGHKNNGTRNWI

1RGPVJGEQPFGPUCVGFTCKPXCNXG
&O %QPUWNVUGEVKQP%QPFGPUCVGU[UVGOVQ
NQECVGVJGFTCKPXCNXG

5JWVQHHCPFFGRTGUUWTKUGVJGRCTVQHVJGCKTPGVYJKEJKUEQPPGEVGFVQVJGQWVNGV
XCNXG&KUEQPPGEVVJGEQORTGUUQTCKTQWVNGVRKRGHTQOVJGCKTPGV

&TCKPVJGQKN

&TCKPVJGEQPFGPUCVGEKTEWKVCPFFKUEQPPGEVVJGEQPFGPUCVGRKRKPIHTQOVJG
EQPFGPUCVGPGV

+PUVTWEVKQPOCPWCN

/CKPVGPCPEG



&TKXGOQVQT

&GUETKRVKQP
6JGOQVQTDGCTKPIUCTGITGCUGFHQTNKHG



2TGXGPVKXGOCKPVGPCPEGUEJGFWNG

9CTPKPI
$GHQTGECTT[KPIQWVCP[OCKPVGPCPEGTGRCKTYQTMQTCFLWUVOGPVURTQEGGFCU
HQNNQYU
5VQRVJGEQORTGUUQT
2TGUUVJGGOGTIGPE[UVQRDWVVQP
5YKVEJQHHVJGXQNVCIG
%NQUGVJGCKTQWVNGVXCNXGCPFQRGPKHRTQXKFGFVJGOCPWCNEQPFGPUCVGFTCKP
XCNXG
&GRTGUUWTKUGVJGEQORTGUUQT
(QTFGVCKNGFKPUVTWEVKQPUUGGUGEVKQP2TQDNGOUQNXKPI
6JGQRGTCVQTOWUVCRRN[CNNTGNGXCPV5CHGV[RTGECWVKQPU
9CTTCPV[2TQFWEV.KCDKNKV[
7UGQPN[CWVJQTKUGFRCTVU#P[FCOCIGQTOCNHWPEVKQPECWUGFD[VJGWUGQHWPCWVJQTKUGFRCTVUKUPQV
EQXGTGFD[9CTTCPV[QT2TQFWEV.KCDKNKV[
5GTXKEGMKVU
(QTQXGTJCWNKPIQTECTT[KPIQWVRTGXGPVKXGOCKPVGPCPEGUGTXKEGMKVUCTGCXCKNCDNG
UGGUGEVKQP5GTXKEG
MKVU 
5GTXKEGEQPVTCEVU
#VNCU%QREQQHHGTUUGXGTCNV[RGUQHUGTXKEGEQPVTCEVUTGNKGXKPI[QWQHCNNRTGXGPVKXGOCKPVGPCPEGYQTM
%QPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTG
)GPGTCN
9JGPUGTXKEKPITGRNCEGCNNTGOQXGFICUMGVU1TKPIUCPFYCUJGTU
+PVGTXCNU
6JGNQECN#VNCU%QREQ%WUVQOGT%GPVTGOC[QXGTTWNGVJGOCKPVGPCPEGUEJGFWNGGURGEKCNN[VJGUGTXKEG
KPVGTXCNUFGRGPFKPIQPVJGGPXKTQPOGPVCNCPFYQTMKPIEQPFKVKQPUQHVJGEQORTGUUQT
6JGNQPIGTKPVGTXCNEJGEMUOWUVCNUQKPENWFGVJGUJQTVGTKPVGTXCNEJGEMU



+PUVTWEVKQPOCPWCN

5GTXKEGCEVKQPUHQTEQORTGUUQTUYKVJ'NGMVTQPKMQP+
$GUKFGUVJGFCKN[CPFOQPVJN[EJGEMUVJGUGTXKEGQRGTCVKQPUCTGITQWRGFKPVKOGKPVGTXCNU
TWPPKPI
JQWTU 6JGTGIWNCVQTJCUCRTQITCOOCDNGUGTXKEGVKOGT#UGTXKEGYCTPKPIYKNNCRRGCTYJGPVJGUGTXKEG
VKOGTJCUTGCEJGFVJGRTQITCOOGFVKOGKPVGTXCNUGGUGEVKQP5GTXKEGYCTPKPI+PVJKUECUGEJGEMVJG
TWPPKPIJQWTU%CTT[QWVVJGUGTXKEGQRGTCVKQPUEQTTGURQPFKPIVQVJGTWPPKPIJQWTUCUURGEKHKGFKPVJG
UEJGFWNGDGNQY4GUGVVJGUGTXKEGVKOGTCHVGTUGTXKEKPIUGGUGEVKQP%CNNKPIWRTGUGVVKPIUGTXKEGVKOGT
5GTXKEGRNCPUHQTEQORTGUUQTUYKVJ'NGMVTQPKMQP++
$GUKFGUVJGFCKN[CPFOQPVJN[EJGEMUVJGUGTXKEGQRGTCVKQPUCTGITQWRGFKPRNCPUECNNGFUGTXKEGRNCPU
#$CUURGEKHKGFKPVJGUEJGFWNGDGNQY'CEJRNCPJCUCRTQITCOOGFVKOGKPVGTXCNCVYJKEJCNN
UGTXKEGCEVKQPUDGNQPIKPIVQVJCVRNCPCTGVQDGECTTKGFQWV9JGPTGCEJKPIVJGKPVGTXCNCOGUUCIGYKNN
CRRGCTQPVJGUETGGPKPFKECVKPIYJKEJUGTXKEGRNCPUCTGVQDGECTTKGFQWVUGGUGEVKQP5VCVWUFCVCOGPW
#HVGTUGTXKEKPIVJGKPVGTXCNUOWUVDGTGUGVUGGUGEVKQP5GTXKEGOGPW
2TGXGPVKXGOCKPVGPCPEGUEJGFWNG
)GPGTCN



2GTKQF

1RGTCVKQP

&CKN[

%JGEMQKNNGXGN

%JGEMTGCFKPIUQPFKURNC[

%JGEMVJCVEQPFGPUCVGKUFKUEJCTIGFFWTKPINQCFKPI

&TCKPEQPFGPUCVG

OQPVJN[

%JGEMEQQNGTUENGCPKHPGEGUUCT[

(QTWPKVUYKVJ+(&%JGEMEQPFGPUGTQHFT[GTCPFENGCPKHPGEGUUCT[

4GOQXGCKTHKNVGTGNGOGPV%NGCPWUKPICPCKTLGVCPFKPURGEV
/QTGHTGSWGPVN[YJGPQRGTCVKPIKPCFWUV[CVOQURJGTG
4GRNCEGFCOCIGFQTJGCXKN[EQPVCOKPCVGFGNGOGPVU

4WPPKPIJQWTU

5GTXKEGRNCP

1RGTCVKQP





+H#VNCU%QREQ4QVQ(QQFITCFG(NWKFKUWUGFEJCPIGQKNCPFQKN
HKNVGT



+H#VNCU%QREQ4QVQ+PLGEV(NWKFKUWUGFEJCPIGQKNCPFQKNHKNVGT



4GRNCEGCKTHKNVGTGNGOGPV



4GRNCEGQKNUGRCTCVQT



+H#VNCU%QREQ4QVQ:VGPF&WV[(NWKFKUWUGFEJCPIGQKNCPFQKN
HKNVGT



%JGEMRTGUUWTGCPFVGORGTCVWTGTGCFKPIU



%CTT[QWVCP.'&FKURNC[VGUV



%JGEMHQTRQUUKDNGCKTNGCMCIG



%NGCPEQQNGTU



(QTWPKVUYKVJ+(&%NGCPEQPFGPUGTQHFT[GT

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4WPPKPIJQWTU

5GTXKEGRNCP

1RGTCVKQP



+HRTQXKFGFTGOQXGFKUOCPVNGCPFENGCPHNQCVXCNXGQH
EQPFGPUCVGVTCR5GGUGEVKQP%QPFGPUCVGU[UVGO



6GUVVGORGTCVWTGUJWVFQYPHWPEVKQP



6GUVUCHGV[XCNXGU



4GRNCEG8DGNVU



*CXGCKTKPNGVXCNXGCPFOKPKOWORTGUUWTGXCNXGKPURGEVGFD[
#VNCU%QREQ

+ORQTVCPV
#NYC[UEQPUWNV#VNCU%QREQKHCVKOGTUGVVKPIJCUVQDGEJCPIGF
(QTVJGEJCPIGKPVGTXCNQHQKNCPFQKNHKNVGTKPGZVTGOGEQPFKVKQPUQHVGORGTCVWTG
JWOKFKV[QTEQQNKPICKTEQPUWNV[QWT#VNCU%QREQ%WUVQOGT%GPVTG
#P[NGCMCIGUJQWNFDGCVVGPFGFVQKOOGFKCVGN[&COCIGFHNGZKDNGUQTHNGZKDNG
LQKPVUOWUVDGTGRNCEGF



1KNURGEKHKECVKQPU

0GXGTOKZQKNUQHFKHHGTGPVDTCPFUQTV[RGU
6QCUUWTGIQQFQKNSWCNKV[FTCKPVJGEQORTGUUQTCVCNNFTCKPNQECVKQPU7UGFQKNUNGHV
KPVJGEQORTGUUQTECPEQPVCOKPCVGVJGQKNU[UVGO

+VKUUVTQPIN[TGEQOOGPFGFVQWUG#VNCU%QREQ(NWKF
UGGUGEVKQP2TGXGPVKXGOCKPVGPCPEGUEJGFWNG 
#VNCU%QREQ4QVQ+PLGEV(NWKF
1KNHQT+'%WPKVUCPF%5#7.WPKVUYKVJCOQVQTXQNVCIGQH8
#VNCU%QREQ4QVQ+PLGEV(NWKFKUURGEKCNQKNHQTQKNKPLGEVGFUETQNNCPFUETGYEQORTGUUQTUYJKEJMGGRUVJG
EQORTGUUQTKPGZEGNNGPVEQPFKVKQP4QVQ+PLGEV(NWKFECPDGWUGFHQTEQORTGUUQTUQRGTCVKPICVCODKGPV
VGORGTCVWTGUDGVYGGPu%
u( CPFu%
u( 
UGGUGEVKQP5GTXKEGMKVU 
#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
1KNHQT%5#7.CPF,20WPKVUGZEGRVHQTWPKVUYKVJCOQVQTXQNVCIGQH8
5RGEKCNQKNFGNKXGTGFCUCPQRVKQPHQT+'%WPKVUCPF%5#7.WPKVUYKVJCOQVQTXQNVCIGQH8
#VNCU%QREQ4QVQ:VGPF&WV[(NWKFKUCJKIJSWCNKV[U[PVJGVKENWDTKECPVHQTQKNKPLGEVGFUETQNNCPFUETGY
EQORTGUUQTUYJKEJMGGRUVJGEQORTGUUQTKPGZEGNNGPVEQPFKVKQP4QVQ:VGPF&WV[(NWKFECPDGWUGFHQT
EQORTGUUQTUQRGTCVKPICVCODKGPVVGORGTCVWTGUDGVYGGPu%
u( CPFu%
u( 
UGGUGEVKQP
5GTXKEGMKVU 
#VNCU%QREQ4QVQ(QQFITCFG(NWKF
5RGEKCNQKNFGNKXGTGFCUCPQRVKQP



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4GHTKIGTCPVV[RG
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0QCNVGTCVKQPUOWUVDGOCFGVQVJKUXGUUGND[YGNFKPIFTKNNKPIQTQVJGTOGEJCPKECN
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6JGRTGUUWTGCPFVGORGTCVWTGQHVJKUXGUUGNOWUVDGENGCTN[KPFKECVGF

6JGUCHGV[XCNXGOWUVEQTTGURQPFYKVJRTGUUWTGUWTIGUQHVKOGUVJGOCZKOWO
CNNQYCDNGQRGTCVKPIRTGUUWTG+VUJQWNFIWCTCPVGGVJCVVJGRTGUUWTGYKNNPQV
RGTOCPGPVN[GZEGGFVJGOCZKOWOCNNQYCDNGQRGTCVKPIRTGUUWTGQHVJGXGUUGN

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1XGTCNNTCVKPI
6JGEQORTGUUQTUEQPHQTOVQ2'&UOCNNGTVJCPECVGIQT[+



GA 11, GA 5, GA 7

Instruction Book

What sets Atlas Copco apart as a company is our


conviction that we can only excel in what we do if we
provide the best possible know-how and technology to
really help our customers produce, grow and succeed.
There is a unique way of achieving that - we simply call it
the Atlas Copco way. It builds on interaction, on
long-term relationships and involvement in the customers
process, needs and objectives. It means having the
flexibility to adapt to the diverse demands of the people
we cater for.
Its the commitment to our customers business that
drives our effort towards increasing their productivity
through better solutions. It starts with fully supporting
existing products and continuously doing things better, but
it goes much further, creating advances in technology
through innovation. Not for the sake of technology, but
for the sake of our customers bottom line and
peace-of-mind.
That is how Atlas Copco will strive to remain the first
choice, to succeed in attracting new business and to
maintain our position as the industry leader.

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