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Manual de instrucciones

GA 15, GA 18, GA 22

Nota de Copyright

Se prohibe cualquier uso no autorizado o la copia de los contenidos o de


cualquier parte de los mismos.

Esto se aplica en particular a marcas comerciales, denominación de


modelos, número de las piezas y diseños.

Fecha de impresión ......... 05/05/2006

Atlas Copco
www.atlascopco.com
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66 5GPUQTFGVGORGTCVWTC.#6UGECFQT
; 8±NXWNCFGUQNGPQKFG

4GHGTGPEKC %WDÃEWNQFGCTTCPSWG
' 4GIWNCFQT'NGMVTQPKMQP
( (WUKDNGU
( 4GN¾FGUQDTGECTICOQVQTFGNEQORTGUQT
- %QPVCEVQTFGNÃPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTK±PIWNQ
- 4GN¾CWZKNKCTRTQVGEEKÉPFGNOQVQT
5ʼn &GVGEEKÉPRTGUKÉPTGOQVC
5ʼn #TTCPSWGRCTCFCCFKUVCPEKC
5 2CTCFCFGGOGTIGPEKC
5ʼn 2CTCFCFGGOGTIGPEKCCFKUVCPEKC
6 6TCPUHQTOCFQT
: %QPGZKÉPFGUWOKPKUVTQFGGPGTIÃC
: %QPGZKÉPFGNOQVQT
: %QPGZKÉPCVKGTTC
:: %QPGEVQTGU


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC /ÉFWNQFGEQPVTQNFGNEQORTGUQT
- 4GN¾FGDNQSWGQ
- 4GN¾CWZKNKCTEQPVCEVQTFGGUVTGNNC
- 4GN¾CWZKNKCTEQPVCEVQTFGVTK±PIWNQ
- 4GN¾CWZKNKCTECTICFGUECTIC
- 4GN¾CWZKNKCTUGECFQT
- 4GN¾CWZKNKCTRCTCFCIGPGTCN
+ #TTCPSWG
 2CTCFC

4GHGTGPEKC 'SWKRQQREKQPCN
$ &KURQUKVKXQGNGEVTÉPKEQFGFTGPCLGFGCIWC
; &TGPCLGEQPVGORQTK\CFQT
- 4GN¾FGUGEWGPEKCFGHCUGU
5 +PVGTTWRVQTRTKPEKRCN
4 %CNGPVCFQTGUCPVKEQPFGPUCEKÉP

 5GECFQTFGCKTG

&GUETKREKÉP

5GECFQTFGCKTG

'NCKTGEQORTKOKFQGPVTCGPGNKPVGTECODKCFQTFGECNQT
 [UGGPHTÃCOGFKCPVGGNCKTGUGECFQ[HTÃQSWG
UCNG'NCIWCFGNCKTGSWGGPVTCGORKG\CCEQPFGPUCTUG.WGIQGNCKTGHNW[GCVTCX¾UFGNKPVGTECODKCFQT
FGECNQTGXCRQTCFQT
 FQPFGGNTGHTKIGTCPVGUGGXCRQTCJCEKGPFQSWGGNCKTGEQPVKPÐGGPHTK±PFQUG
JCUVCCEGTECTUGCNCVGORGTCVWTCFGGXCRQTCEKÉPFGNTGHTKIGTCPVG5GEQPFGPUCO±UCIWCGPGNCKTG'N
CKTGHTÃQRCUCGPUGIWKFCCVTCX¾UFGNUGRCTCFQT
 FQPFGVQFQGNEQPFGPUCFQUGUGRCTCFGNCKTG'N
EQPFGPUCFQGUFTGPCFQCWVQO±VKECOGPVG'NCKTGUGECFQ[HTÃQRCUCCVTCX¾UFGNKPVGTECODKCFQTFGECNQT

 FQPFGUGECNKGPVCOGFKCPVGGNCKTGFGGPVTCFC


/CPWCNFGKPUVTWEEKQPGU

 4GIWNCFQT'NGMVTQPKMQP+

 4GIWNCFQT'NGMVTQPKMQP+

2CPGNFGEQPVTQN

+PVTQFWEEKÉP
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUVCTGCUUKIWKGPVGU
Ő %QPVTQNFGNEQORTGUQT
Ő 2TQVGIGTGNEQORTGUQT
Ő /QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
Ő #TTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
JGEJQKPCEVKXQ

%QPVTQNCWVQO±VKEQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKÉPFGNCTGFGPVTGNQUNÃOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQO±VKECOGPVG5GVKGPGGPEWGPVCWPPÐOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOÃPKOQFGRCTCFC[GNPÐOGTQO±ZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIÃC[
XWGNXGCCTTCPECTNQCWVQO±VKECOGPVGEWCPFQDCLGNCRTGUKÉPFGNCTGF

2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCT±GNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
 'NEQORTGUQTUGRCTCT±VCODK¾PGPECUQFG
UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ

#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF

#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KCNIWPCFGNCUOGFKFCUGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOCRTQITCOCFQUGKPFKECT±GUVQ
VCODK¾PEQPQDLGVQFGCXKUCTCNQRGTCFQTCPVGUFGSWGUGNNGIWGCFKEJQPKXGNFGRCTCFCFGCNCTOC


/CPWCNFGKPUVTWEEKQPGU

#XKUQFGUGTXKEKQ
5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGWPXCNQTRTQITCOCFQUGKPFKECT±GUVQGPGNFKURNC[
 EQPQDLGVQ
FGCXKUCTCNQRGTCFQTSWGNNGXGCECDQEKGTVCUCEEKQPGUFGUGTXKEKQ

4GCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKÉPFGCTTCPSWGCWVQO±VKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURW¾UFGWPCKPVGTTWREKÉPGN¾EVTKEC&KEJCHWPEKÉPGUV±FGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCH±DTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUÃUGFGUGC%QPUWNVGC#VNCU%QREQ

5KUGJCCEVKXCFQNCHWPEKÉP[CEQPFKEKÉPFGSWGGNOÉFWNQUGGPEQPVTCTCGPGN
OQFQFGHWPEKQPCOKGPVQCWVQO±VKEQGNEQORTGUQTXQNXGT±CCTTCPECT
CWVQO±VKECOGPVGUKUGTGUVCDNGEGGNXQNVCLGFGUWOKPKUVTQCNOÉFWNQ

 2CPGNFGEQPVTQN

4GIWNCFQT'NGMVTQPKMQP+

4GH &GUKIPCEKÉP (WPEKÉP


5 $QVÉPFGRCTCFCFGGOGTIGPEKC 2WNUCFQTRCTCRCTCTGNEQORTGUQTCN
KPUVCPVGGPECUQFGGOGTIGPEKC
&GURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGN
DQVÉPRCTCFGUDNQSWGCTNQ[RWNUGNCVGENC
FGTGCTOG
 
 $QVÉPFGRCTCFC 2WNUCFQTRCTCRCTCTGNEQORTGUQT5G
CRCICGN.'&
 'NEQORTGUQTUG
RCTCT±FGURW¾UFGHWPEKQPCTGPFGUECTIC
WPQUUGIWPFQU
 $QVÉPFGCTTCPSWG 2WNUCFQTRCTCCTTCPECTGNEQORTGUQT'N
.'&
 UGGPEKGPFGNQSWGKPFKECSWG
GNTGIWNCFQTGUV±QRGTCVKXQ
GP
HWPEKQPCOKGPVQCWVQO±VKEQ 
 &KURNC[ +PFKECGNGUVCFQFGHWPEKQPCOKGPVQFGN
EQORTGUQTNQUXCNQTGUCEVWCNOGPVG
OGFKFQU[NQURCT±OGVTQURTQITCOCFQU
 6GENCFGTGCTOG 6GENCRCTCTGCTOCTGNVGORQTK\CFQTFG
UGTXKEKQWPCEQPFKEKÉPFGRCTCFCFG
CNCTOCGVEQRCTCXQNXGTCWPFKURNC[
CPVGTKQT


/CPWCNFGKPUVTWEEKQPGU

4GH &GUKIPCEKÉP (WPEKÉP


 6GENCFGGPVTCFC 6GENCRCTCUGNGEEKQPCTQXCNKFCTWP
RCT±OGVTQ[CDTKTWPUWDFKURNC[
 .'&FGXQNVCLGEQPGEVCFQ +PFKECSWGGUV±EQPGEVCFQGNXQNVCLG
 2KEVQITCOC 8QNVCLGEQPGEVCFQ
 .'&FGCNCTOCIGPGTCN 'UV±GPEGPFKFQUKGZKUVGWPCEQPFKEKÉP
FGCXKUQ
 .'&FGCNCTOCIGPGTCN 2CTRCFGCGPECUQFGWPCEQPFKEKÉPFG
RCTCFCFGCNCTOCQRCTCFCFG
GOGTIGPEKC
 2KEVQITCOC #NCTOC
 .'&FGHWPEKQPCOKGPVQCWVQO±VKEQ +PFKECSWGGNTGIWNCFQTEQPVTQNCGN
EQORTGUQTCWVQO±VKECOGPVGGN
EQORTGUQTUGECTICFGUECTICRCTC[
XWGNXGCCTTCPECTUGIÐPGNEQPUWOQFG
CKTG[NCUNKOKVCEKQPGURTQITCOCFCUGPGN
TGIWNCFQT
'N.'&GUV±GPEGPFKFQFWTCPVGGN
HWPEKQPCOKGPVQCWVQO±VKEQ[RCTRCFGC
EWCPFQNCWPKFCFUGEQPVTQNCCFKUVCPEKC
 2KEVQITCOC (WPEKQPCOKGPVQCWVQO±VKEQ
 6GENCFGFGURNC\COKGPVQJCEKCCDCLQ 6GENCRCTCFGURNC\CTUGJCEKCCDCLQRQT
NCURCPVCNNCUQRCTCFKUOKPWKTWPCLWUVG
 6GENCFGFGURNC\COKGPVQJCEKCCTTKDC 6GENCRCTCFGURNC\CTUGJCEKCCTTKDCRQT
NCURCPVCNNCUQRCTCCWOGPVCTWPCLWUVG
 2KEVQITCOC (WPEKQPCOKGPVQTGOQVQ

 &KURNC[

&GUETKREKÉP

0QTOCNOGPVGGNFKURNC[
 OWGUVTCNQUKIWKGPVG
Ő 'NGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQTRQTOGFKQFGRKEVQITCOCU
Ő .CRTGUKÉPFGUCNKFCFGNCKTG
Ő .CVGORGTCVWTCCEVWCNGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
Ő .CVGORGTCVWTCCEVWCNFGNRWPVQFGTQEÃQFGEQORTGUQTGU(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

'NFKURNC[KPFKECVCODK¾PVQFQUNQURCT±OGVTQUOGFKFQU[RTQITCOCFQUX¾CUGNCUGEEKÉP&GURNC\CTUG
RQTVQFCUNCURCPVCNNCU

 2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC

2KEVQITCOCU

2KEVQITCOC &GUETKREKÉP
'UVCFQFGEQORTGUQT%#4)#
FWTCPVGOCTEJCGPECTICRCTRCFGCNCHNGEJC
JQTK\QPVCN 

'UVCFQFGEQORTGUQT&'5%#4)#

+PFKECEKÉPFG%#4)#[&'5%#4)#

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ

6GORGTCVWTCFGNRWPVQFGTQEÃQ

/QVQTQUQDTGECTICFGOQVQT

$QVÉPFGRCTCFCFGGOGTIGPEKC

2KEVQITCOCFGUGTXKEKQ

#LWUVGFGTGFQEQPVTQN.#0

 2CPVCNNCRTKPEKRCN

2TQEGFKOKGPVQ
%WCPFQUGEQPGEVGGNXQNVCLGUGOWGUVTCCWVQO±VKECOGPVGNC2CPVCNNCRTKPEKRCNOWGUVTCGPDTGXGNC
UKVWCEKÉPFGHWPEKQPCOKGPVQFGNEQORTGUQT[NCRTGUKÉPFGUCNKFC
2CPVCNNCRTKPEKRCNGLGORNQVÃRKEQ

DCT



/CPWCNFGKPUVTWEEKQPGU

.CRCPVCNNCKPFKECSWGOCTEJCGNEQORTGUQTGPECTIC
RCTRCFGCNCHNGEJCJQTK\QPVCN [SWGNCRTGUKÉPFG
UCNKFCGUFGDCT
G 

5KGORTGEQPUWNVGC#VNCU%QREQUKCRCTGEGVGUV GPGNFKURNC[

%QPUWNVGVCODK¾PNCUGEEKÉP&GURNC\CTUGRQTVQFCUNCURCPVCNNCU

 #XKUQFGRCTCFCFGCNCTOC

&GUETKREKÉP
#RCTGEGT±WPCPQVKEKCFGCXKUQFGRCTCFCFGCNCTOCGPECUQFG
Ő WPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
Ő WPCVGORGTCVWTCFGOCUKCFQCNVCFGNRWPVQFGTQEÃQRCTCEQORTGUQTGU(WNN(GCVWTG

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT

Ő 5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC

u%u( UGGPEGPFGT±GN.'&FGCNCTOC
 [RCTRCFGCT±GNRKEVQITCOCEQTTGURQPFKGPVG
2CPVCNNCRTKPEKRCNEQPCXKUQFGVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ

RCTRCFGCPFQ
DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 CRCTGEGNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ
u%



/CPWCNFGKPUVTWEEKQPGU

.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
Ő 3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[ RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCT±OGVTQU
Ő 2WNUGGNDQVÉP
 RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
Ő &GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
Ő &GUCRCTGEGT±NCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKÉPFGCXKUQ

6GORGTCVWTCFGNRWPVQFGTQEÃQ
2CTCEQORTGUQTGUEQPUGECFQTKPVGITCFQ
Ő 5KNCVGORGTCVWTCFGNRWPVQFGTQEÃQGZEGFGGNPKXGNFGCXKUQ
PQRTQITCOCDNG UGGPEGPFGT±GN.'&
FGCNCTOC
 [RCTRCFGCT±GNRKEVQITCOCEQTTGURQPFKGPVG
2CPVCNNCRTKPEKRCNEQPCXKUQFGVGORGTCVWTCFGNRWPVQFGTQEÃQ

RCTRCFGCPFQ
DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECNCVGORGTCVWTCCEVWCNFGNRWPVQFGTQEÃQ
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ
u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEÃQGUu%
Ő 3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[ RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCT±OGVTQU
Ő 2WNUGGNDQVÉP
 RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
Ő &GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
Ő &GUCRCTGEGT±NCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKÉPFGCXKUQ

 2CTCFCFGCNCTOC

&GUETKREKÉP
'NEQORTGUQTUGRCTCT±GPECUQFG
Ő WPCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTSWGGZEGFGGNPKXGNFGRCTCFCFGCNCTOC
Ő WPGTTQTFGNUGPUQTFGNCRTGUKÉPFGUCNKFC


/CPWCNFGKPUVTWEEKQPGU

Ő UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT

Ő 5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOC
u%
u(RTQITCOCDNG UGRCTCT±GNEQORTGUQTRCTRCFGCT±GN.'&FGCNCTOC
 UGCRCICT±GN.'&FG
HWPEKQPCOKGPVQCWVQO±VKEQ
 [CRCTGEGT±NCRCPVCNNCUKIWKGPVG
2CPVCNNCRTKPEKRCNEQPKPFKECEKÉPFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ

RCTRCFGCPFQ
DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ RCTRCFGCPFQ
u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTÃC
Ő &GURW¾UFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKÉPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC

5QDTGECTICFGNOQVQT
Ő 'PECUQFGUQDTGECTICFGNOQVQTUGRCTCT±GNEQORTGUQTRCTRCFGCT±GN.'&FGCNCTOC
 UG
CRCICT±GN.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
 [CRCTGEGT±NCRCPVCNNCUKIWKGPVG
2CPVCNNCRTKPEKRCNEQPKPFKECEKÉPFGRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT

RCTRCFGCPFQ
DCT



/CPWCNFGKPUVTWEEKQPGU

Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTÃC
Ő &GURW¾UFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKÉPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC

 #XKUQFGUGTXKEKQ

&GUETKREKÉP
#RCTGEGT±WPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFGVKGORQRTQITCOCFQ

Ő 5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGGNKPVGTXCNQRTQITCOCFQUGGPEGPFGT±GN.'&FGCNCTOC
 
Ő 2WNUGNCVGENCEQPHNGEJC
 RCTCFGURNC\CTUGJCUVCF [CRCTGEGGNUÃODQNQFGUGTXKEKQ2WNUGNC
VGENC
 UGOQUVTCT±NCOGFKEKÉPCEVWCNFGNVGORQTK\CFQTFGUGTXKEKQGPJTU QZJTU 
UK
GNXCNQTFGNVGORQTK\CFQTFGUGTXKEKQGUUWRGTKQTC 
'LGORNQFGWPCRCPVCNNCFGVGORQTK\CFQTFGUGTXKEKQ

F
JTU


.CRCPVCNNCOWGUVTCSWGGNXCNQTFGNVGORQTK\CFQTFGUGTXKEKQGU
Ő 2WNUGNCVGENCEQPHNGEJC
 RCTCFGURNC\CTUGJCUVCF [CRCTGEGGNUÃODQNQFGJQTCUFG
HWPEKQPCOKGPVQ2WNUGNCVGENC
 UGOQUVTCT±NCOGFKEKÉPCEVWCNFGNVGORQTK\CFQTFGUGTXKEKQGP
JTU QZJTU 
UKGNXCNQTFGNVGORQTK\CFQTFGUGTXKEKQGUUWRGTKQTC 
'LGORNQFGWPCRCPVCNNCFGJQTCUFGHWPEKQPCOKGPVQ

F
JTU


Ő 2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQKPFKECFCU%QPUWNVGNC
UGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ


/CPWCNFGKPUVTWEEKQPGU

Ő .CUCEEKQPGUFGUGTXKEKQFGNQUKPVGTXCNQUNCTIQUFGDGPKPENWKTNCUCEEKQPGUFGNQU
KPVGTXCNQUEQTVQU
'PGNGLGORNQCTTKDCJC[SWGTGCNK\CTVQFCUNCUQRGTCEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQCUÃEQOQNCU
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQ
Ő 5KUGWUCCEGKVGOKPGTCNGPXG\FG#VNCU%QREQ4QVQKPLGEVHNWKFJC[SWG
FKUOKPWKTUGGNKPVGTXCNQFGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKÉP
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

Ő &GURW¾UFGNUGTXKEKQTGCTOGGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFG
VGORQTK\CFQTFGUGTXKEKQ

 &GURNC\CTUGRQTVQFCUNCURCPVCNNCU

2CPGNFGEQPVTQN

2CPGNFGEQPVTQN

'URQUKDNGFGURNC\CTUGRQTVQFCUNCURCPVCNNCUEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
[ .CU
RCPVCNNCUUGFKXKFGPGPRCPVCNNCUFGTGIKUVTQRCPVCNNCUFGFCVQUOGFKFQURCPVCNNCUFGGPVTCFCFKIKVCN

PWOGTCFCUEQOQFKP F  RCPVCNNCUFGRCT±OGVTQU
PWOGTCFCUEQOQ2 
2  RCPVCNNCUFGRTQVGEEKQPGU
PWOGTCFCUEQOQ2T  [RCPVCNNCUFGRTWGDC

PWOGTCFCUEQOQV  
&WTCPVGGNFGURNC\COKGPVQNQUPÐOGTQUFGNCURCPVCNNCUCRCTGEGPEQPUGEWVKXCOGPVG'PNCOC[QTÃCFG
NQUECUQUUGOWGUVTCPUKOWNV±PGCOGPVGNCWPKFCFFGOGFKEKÉP[GNRKEVQITCOCEQTTGURQPFKGPVGEQPGN
PÐOGTQFGNCRCPVCNNC
'PGNECUQFGWPCXKUQQWPCRCTCFCFGCNCTOCGNRKEVQITCOCEQTTGURQPFKGPVGRCTRCFGCGPNCRCPVCNNC
RTKPEKRCN
'LGORNQ

JTU
F

5GOWGUVTCPGNPÐOGTQFGNCRCPVCNNCF NCWPKFCFWUCFCJTU [GNRKEVQITCOCEQTTGURQPFKGPVG


RCTCNCUJQTCUFGHWPEKQPCOKGPVQ2WNUGNCVGENCFGGPVTCFC
 RCTCKPXQECTNCUJQTCUFGHWPEKQPCOKGPVQ
CEVWCNGU
'PGNECUQFGWPCXKUQQWPCRCTCFCFGCNCTOCGNRKEVQITCOCEQTTGURQPFKGPVGRCTRCFGCGPNCRCPVCNNC
RTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

4GUWOGPFGNCURCPVCNNCU

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU


GPVTCFCFKIKVCN
FKP 'UVCFQFGGPVTCFCFKIKVCN
F *QTCUFGHWPEKQPCOKGPVQ
JTUQZ %QPUWNVGNCUGEEKÉP+PXQECEKÉPFGJQTCU
JTU FGHWPEKQPCOKGPVQ
F #TTCPSWGUFGNOQVQT
ZQZ %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
CTTCPSWGUFGNOQVQT
F *QTCUFGNOÉFWNQ
JTUQZJTU %QPUWNVGNCUGEEKÉP+PXQECEKÉPFGJQTCU
FGNOÉFWNQ
F *QTCUFGECTIC
JTUQZJTU %QPUWNVGNCUGEEKÉP+PXQECEKÉPFGJQTCU
FGECTIC
F 4GN¾FGECTIC
ZQZ %QPUWNVGNCUGEEKÉP+PXQECEKÉPFGTGN¾FG
ECTIC
F .GEVWTCFGNVGORQTK\CFQTFGUGTXKEKQ
JTU %QPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOG
QZJTU FGVGORQTK\CFQTFGUGTXKEKQ
F 8GTUKÉPFGNRTQITCOCCEVWCN

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU


RCT±OGVTQU
2 5GNGEEKÉPGPVTGEQPVTQNNQECNTGOQVQQ %QPUWNVGNCUGEEKÉP5GNGEEKÉPGPVTG
.#0 EQPVTQNNQECNTGOQVQQ.#0
2 #LWUVCTWP+&FGPQFQRCTCEQPVTQN.#0 %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
OQFKHKECEKÉPFG+&FGPQFQ
2 #LWUVGUFGDCPFCFGRTGUKÉP %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGCLWUVGUFGDCPFCFG
RTGUKÉP
2 #LWUVGFGUGNGEEKÉPFGWPCDCPFCFG %QPUWNVGNCUGEEKÉP/QFKHKECEKÉPFGNC
RTGUKÉP UGNGEEKÉPFGDCPFCFGRTGUKÉP
2 /QFKHKECEKÉPFGWPVGORQTK\CFQTFG %QPUWNVGNCUGEEKÉP+PXQECEKÉP
UGTXKEKQ OQFKHKECEKÉPFGNVGORQTK\CFQTFGUGTXKEKQ
2 #LWUVGFGWPKFCFFGVGORGTCVWTC %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGWPKFCFFGVGORGTCVWTC
2 #LWUVGFGWPKFCFFGRTGUKÉP %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGWPKFCFFGRTGUKÉP


/CPWCNFGKPUVTWEEKQPGU

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU


RCT±OGVTQU
2 5GNGEEKÉPFGHWPEKÉPTGCTTCPSWG %QPUWNVGNCUGEEKÉP#EVKXCTTGCTTCPSWG
CWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG CWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG

CEVKXQQPQÐPKECOGPVGRCTC#VNCU
%QREQ
2 5GNGEEKÉPGPVTGCTTCPSWG;&Q&1. %QPUWNVGNCUGEEKÉP5GNGEEKÉPGPVTG
CTTCPSWG;&Q&1.
2 #LWUVGFGNVKGORQFGTGVTCUQFGECTIC %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
OQFKHKECEKÉPFGVKGORQFGTGVTCUQFG
ECTIC
2 #LWUVGFGNVKGORQOÃPKOQFGRCTCFC %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
OQFKHKECEKÉPFGNVKGORQOÃPKOQFG
RCTCFC
2 %QPHKIWTCEKÉPFGEQPVTCUGÇC %QPUWNVGNCUGEEKÉP#EVKXCEKÉPFG
RTQVGEEKÉPRQTEQPVTCUGÇC

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU


RTQVGEEKQPGU
2T  2CPVCNNCUFGRTQVGEEKQPGU %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
2T  OQFKHKECEKÉPFGCLWUVGUFGRTQVGEEKÉP
2T

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU


RTWGDC
V 'PUC[QFGFKURNC[ %QPUWNVGNCUUGEEKQPGU2CPVCNNCUFG
RTWGDC
V 2TWGDCFGNCX±NXWNCUGIWTKFCF %QPUWNVGNCUUGEEKQPGU2CPVCNNCUFG
RTWGDC


/CPWCNFGKPUVTWEEKQPGU

(NWLQFGOGPÐU

(NWLQUKORNKHKECFQFGOGPÐU


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGVGORGTCVWTCUFGUCNKFC[RWPVQFGTQEÃQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 UGOQUVTCT±NCVGORGTCVWTCFGUCNKFC

u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGUCNKFCGUu%
Ő
2CTCEQORTGUQTGU(WNN(GCVWTG
2WNUGNCVGENCEQPHNGEJC
 UGOQUVTCT±NCVGORGTCVWTCFGNRWPVQFGTQEÃQ

u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEÃQGUu%
Ő &GURN±EGUGJCEKCCDCLQQCTTKDCRQTNCURCPVCNNCUEQPC[WFCFGNCUVGENCUEQPHNGEJC
[ 


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGJQTCUFGHWPEKQPCOKGPVQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

ZJTU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCZJTU [GNXCNQT NCUJQTCUFGHWPEKQPCOKGPVQ


FGNEQORTGUQTUQPJQTCU

 +PXQECEKÉPFGCTTCPSWGUFGNOQVQT

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

Z


'UVCRCPVCNNCOWGUVTCGNPÐOGTQFGCTTCPSWGUFGNOQVQTRQT
RQTQUKUGGPEKGPFGZ RQT
 'NPÐOGTQFGCTTCPSWGUFGNOQVQTGU

 +PXQECEKÉPFGJQTCUFGNOÉFWNQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

JTU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCJTU [GNXCNQT NCUJQTCUFGNOÉFWNQFGNEQORTGUQT


UQPJQTCU


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGJQTCUFGECTIC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

JTU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCJTU 
QZJTU [GNXCNQT NCUJQTCUFGECTIC
FGNEQORTGUQTUQPJQTCU

 +PXQECEKÉPFGNTGN¾FGECTIC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

Z


'UVCRCPVCNNCOWGUVTCGNPÐOGTQFGCEEKQPGUFGFGUECTIC[ECTIC
RQTQUKUGGPEKGPFGZ RQT
 'NPÐOGTQFGCEEKQPGUFGFGUECTIC[ECTICGU

 +PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

JTU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCJTU 
QZ JQTCUZ [GNXCNQT GN
EQORTGUQTJCHWPEKQPCFQFWTCPVGJQTCUFGUFGGNUGTXKEKQCPVGTKQT


/CPWCNFGKPUVTWEEKQPGU

4GCTOGFGNVGORQTK\CFQTFGUGTXKEKQ
*C[SWGTGCTOCTGNVGORQTK\CFQTFGURW¾UFGNUGTXKEKQX¾CUGNCUGEEKÉP#XKUQFGUGTXKEKQ
Ő &GURN±EGUGJCUVCNCRCPVCNNCFGTGIKUVTQF [RWNUGNCVGENCFGGPVTCFC
 
Ő #RCTGEGT±NCNGEVWTC
RQTGLGORNQ 
Ő 2WNUGNCVGENCFGGPVTCFC
 UKUGJCGUVCDNGEKFQWPCEQPVTCUGÇCKPVTQFÐ\ECNC
.CNGEVWTCRCTRCFGCT±
NQSWGKPFKECSWGGURQUKDNGTGCTOCT 
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCTGCTOCTGNVGORQTK\CFQTC QRWNUGNCVGENCFGTGCTOG
 
RCTCECPEGNCTNCQRGTCEKÉP

 5GNGEEKÉPGPVTGEQPVTQNNQECNTGOQVQQ.#0

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 'NOQFQFGEQPVTQNCEVWCNOGPVGWUCFQUGOWGUVTCEQOQ.1% RCTCEQPVTQNNQECNT' RCTC
EQPVTQNTGOQVQQ.#P RCTCEQPVTQN.#0
Ő 2WNUGNCVGENCFGGPVTCFC
 [UKGUPGEGUCTKQKPVTQFW\ECNCEQPVTCUGÇC'NOQFQFGEQPVTQNCEVWCN
RCTRCFGC7VKNKEGNCUVGENCU
 [
 RCTCECODKCTGNOQFQFGEQPVTQN
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTGNPWGXQOQFQFGCTTCPSWGQRWNUGNCVGENCFGTGCTOG
RCTCECPEGNCT


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGOQFKHKECEKÉPFGN+&FGPQFQRCTCEQPVTQN.#0

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 5GOWGUVTCGN+&FGPQFQCEVWCNOGPVGWUCFQ
Ő 2WNUGNCVGENCFGGPVTCFC
 [UKGUPGEGUCTKQKPVTQFW\ECNCEQPVTCUGÇC'N+&FGPQFQCEVWCNOGPVG
WUCFQRCTRCFGC7VKNKEGNCUVGENCU
 [
 RCTCECODKCTGN+&FGPQFQ
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTGNPWGXQ+&FGPQFQQRWNUGNCVGENCFGTGCTOGRCTC
ECPEGNCT

 +PXQECEKÉPFGOQFKHKECEKÉPFGCLWUVGUFGDCPFCFGRTGUKÉP

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT



/CPWCNFGKPUVTWEEKQPGU

Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 .CDCPFCFGRTGUKÉP2D UGOWGUVTCGPGNFKURNC[[RWGFGWVKNK\CTNCVGENC
 RCTC
FGURNC\CTUGJCUVCNCDCPFCFGRTGUKÉP2D 
Ő 2WNUGNCVGENCFGGPVTCFC
 GPNCDCPFCFGRTGUKÉPFGUGCFC#RCTGEGGNPKXGNFGECTICFGNCDCPFCFG
RTGUKÉPUGNGEEKQPCFC[UGRWGFGWVKNK\CTNCVGENC
 RCTCFGURNC\CTUGJCUVCGNPKXGNFGFGUECTIC
2TGUKÉPFGECTIC

DCT


2TGUKÉPFGFGUECTIC

DCT


Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCOQFKHKECTGNPKXGNFGECTIC
GNXCNQTEQOKGP\CCRCTRCFGCT 2WGFG
UGTPGEGUCTKQKPVTQFWEKTWPCEQPVTCUGÇC7VKNKEGNCUVGENCU
 [
 RCTCOQFKHKECTNCRTGUKÉPFGECTIC
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTNQUPWGXQUXCNQTGUQRWNUGNCVGENCFGTGCTOGRCTC
ECPEGNCT

 /QFKHKECEKÉPFGNCUGNGEEKÉPFGDCPFCFGRTGUKÉP

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 .CDCPFCFGRTGUKÉPCEVKXC2D UGOWGUVTCGPGNFKURNC[


/CPWCNFGKPUVTWEEKQPGU

Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCOQFKHKECTNCUGNGEEKÉPFGDCPFCFGRTGUKÉP
RWGFGUGTPGEGUCTKQ
KPVTQFWEKTWPCEQPVTCUGÇC .CDCPFCFGRTGUKÉPCEVKXC2D EQOKGP\CCRCTRCFGCT

2D

Ő 2WNUGNCVGENC
 RCTCOQFKHKECTNCDCPFCFGRTGUKÉPCEVKXC2WNUGNCVGENCFGGPVTCFC
 RCTC
EQPHKTOCTQRWNUGNCVGENCFGTGCTOGRCTCECPEGNCT

 +PXQECEKÉPOQFKHKECEKÉPFGCLWUVGFGVGORQTK\CFQTFG
UGTXKEKQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 GNCLWUVGFGNVGORQTK\CFQTFGUGTXKEKQUGKPFKECGPJTU 
JQTCU QZJTU 
JQTCUZ
 'LGORNQJTU UKIPKHKECSWGGNVGORQTK\CFQTUGGPEWGPVTCCLWUVCFQCJQTCUFG
HWPEKQPCOKGPVQ
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCOQFKHKECTGUVGXCNQT
RWGFGUGTPGEGUCTKQKPVTQFWEKTWPC
EQPVTCUGÇC GNXCNQTRCTRCFGC/QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[ 
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPOQFKHKECEKÉPFGWPKFCFFGVGORGTCVWTC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 .QUCLWUVGURQUKDNGUUQPu% [u( UGOWGUVTCNCWPKFCFCEVWCNOGPVGWUCFC
Ő 2WNUGNCVGENCFGGPVTCFC
 
NCWPKFCFRCTRCFGC [WVKNKEGNCUVGENCUEQPHNGEJC
[ RCTC
UGNGEEKQPCTQVTCWPKFCFFGVGORGTCVWTC
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTNCPWGXCWPKFCF[RWNUGNCVGENCFGTGCTOGRCTCXQNXGTC
NCRCPVCNNCFGRCT±OGVTQU

 +PXQECEKÉPOQFKHKECEKÉPFGWPKFCFFGRTGUKÉP

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT



/CPWCNFGKPUVTWEEKQPGU

Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [UGOWGUVTCPNQUCLWUVGURQUKDNGU
/RC RUK [DCT RWNUGNCVGENCFGGPVTCFC
 [RCTRCFGCNCWPKFCFSWGUGWUC
CEVWCNOGPVG
Ő 2WNUGNCVGENCFGGPVTCFC
 
NCWPKFCFEQOKGP\CCRCTRCFGCT [WVKNKEGNCUVGENCUEQPHNGEJC
[ 
RCTCUGNGEEKQPCTQVTCWPKFCFFGRTGUKÉP
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTNCPWGXCWPKFCFFGRTGUKÉP[RWNUGNCVGENCFGTGCTOG
RCTCXQNXGTCNCURCPVCNNCUFGRCT±OGVTQU

 #EVKXCTTGCTTCPSWGCWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG

&GUETKREKÉP
5ÉNQGURQUKDNGOQFKHKECTGUVGRCT±OGVTQSWGGUCEEGUKDNGGPNCRCPVCNNC2 FGURW¾UFGKPVTQFWEKT
WPEÉFKIQ%QPUWNVGC#VNCU%QREQUKFGUGCCEVKXCTGUVCHWPEKÉP

 5GNGEEKÉPGPVTGCTTCPSWG;&Q&1.

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECP2 [GNRKEVQITCOCFGNOQVQT[C
EQPVKPWCEKÉPRWNUGNCVGENCFGGPVTCFC
 'NOQFQFGCTTCPSWGWVKNK\CFQCEVWCNOGPVGUGOWGUVTC
EQOQ;F RCTC;&
GUVTGNNCVTK±PIWNQ QFQ. RCTC&1.
FKTGEVQ 
Ő 5ÉNQGURQUKDNGOQFKHKECTGUVGRCT±OGVTQFGURW¾UFGKPVTQFWEKTWPEÉFKIQ5KFGDGECODKCTGN
RCT±OGVTQEQPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGOQFKHKECEKÉPFGNVKGORQFGTGVTCUQFGECTIC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECP2 [GNRKEVQITCOCFGECTICFGNEQORTGUQT[
CEQPVKPWCEKÉPRWNUGNCVGENCFGGPVTCFC
 

U


Ő 'UVCRCPVCNNCOWGUVTCGNVKGORQFGTGVTCUQFGECTIC[NCWPKFCFU UGIWPFQU5KFGUGC
OQFKHKECTGUVGXCNQTRWNUGNCVGENCFGGPVTCFC
 
Ő 'URQUKDNGSWGUGPGEGUKVGWPCEQPVTCUGÇCQREKQPCNGNXCNQTEQOKGP\CCRCTRCFGCT[UGRWGFGP
WVKNK\CTNCUVGENCUEQPHNGEJC
 [
 RCTCOQFKHKECTGNXCNQT
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTGNXCNQTPWGXQQRWNUGNCVGENCFGTGCTOGRCTCECPEGNCT

 +PXQECEKÉPFGOQFKHKECEKÉPFGVKGORQOÃPKOQFGRCTCFC

2CPGNFGEQPVTQN


/CPWCNFGKPUVTWEEKQPGU

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECP2 [GNRKEVQITCOCFGNOQVQT[C
EQPVKPWCEKÉPRWNUGNCVGENCFGGPVTCFC
 

U


Ő 'UVCRCPVCNNCOWGUVTCGNVKGORQOÃPKOQFGRCTCFC[NCWPKFCFU UGIWPFQU5KFGUGCOQFKHKECT
GUVGXCNQTRWNUGNCVGENCFGGPVTCFC
 
Ő 'NXCNQTEQOKGP\CCRCTRCFGCT[UGRWGFGPWVKNK\CTNCUVGENCUEQPHNGEJC
 [
 RCTCOQFKHKECTGUVG
XCNQT
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTGNPWGXQXCNQT

 #EVKXCTRTQVGEEKÉPRQTEQPVTCUGÇC

2CPGNFGEQPVTQN
.QUCLWUVGUKORQTVCPVGUEQOQGNFGNVGORQTK\CFQTFGUGTXKEKQNCDCPFCFGRTGUKÉPGNOQFQFG
EQPVTQNRWGFGPRTQVGIGTUGEQPWPCEQPVTCUGÇC

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 


/CPWCNFGKPUVTWEEKQPGU

2#55

Ő .CEQPVTCUGÇC2#55 CRCTGEGGPNCRCPVCNNC2WNUGNCVGENCFGGPVTCFC
 
Ő .CRCPVCNNCOWGUVTCGNGUVCFQFGNCEQPVTCUGÇCCEVKXCFC1P QFGUCEVKXCFC1(( 5KFGUGC
OQFKHKECTNQRWNUGNCVGENCFGGPVTCFC
 
Ő %CODKGGNXCNQTEQPNCUVGENCUFGFGURNC\COKGPVQ
 [
 
Ő 5GNGEEKQPG1P [RWNUGNCVGENCFGGPVTCFC
 
Ő 'UETKDCNCPWGXCEQPVTCUGÇC[RWNUGNCVGENCFGGPVTCFC
 RCTCEQPHKTOCT
Ő 8WGNXCCGUETKDKTNCEQPVTCUGÇC[RWNUGNCVGENCFGGPVTCFC
 RCTCEQPHKTOCT
Ő 1P CRCTGEGGPGNFKURNC[2WNUGNCVGENCFGTGCTOGRCTCXQNXGTCNCRCPVCNNCFGRCT±OGVTQU

.CUEQPVTCUGÇCURGTFKFCUPQRWGFGPTGEWRGTCTUG)WCTFGNCEQPVTCUGÇCGPWP
NWICTUGIWTQ

 +PXQECEKÉPFGOQFKHKECEKÉPFGCLWUVGUFGRTQVGEEKÉP

2TQVGEEKQPGU

5GRTQRQTEKQPCWPCUGTKGFGCLWUVGUFGRTQVGEEKÉP.CURCPVCNNCUFGRTQVGEEKÉPGUV±PPWOGTCFCU2T 
GNRKEVQITCOCOQUVTCFQEQPNCRCPVCNNCFGRTQVGEEKÉPKPFKECGNQDLGVQFGNCRTQVGEEKÉP
.CUEQODKPCEKQPGURQUKDNGUUQP2T UGIWKFQFGWPPÐOGTQ[WPQFGNQURKEVQITCOCUUKIWKGPVGU

2KEVQITCOC &GUKIPCEKÉP
2T EQPGNRKEVQITCOCFGRTGUKÉPKPFKECNCU
RTQVGEEKQPGUFGRTGUKÉP

2T EQPGNRKEVQITCOCFGVGORGTCVWTCFG
UCNKFCFGNGNGOGPVQKPFKECNCURTQVGEEKQPGUFG
VGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
2T EQPGNRKEVQITCOCFGVGORGTCVWTCFGN
RWPVQFGTQEÃQKPFKECNCURTQVGEEKQPGUFG
VGORGTCVWTCFGNRWPVQFGTQEÃQ
2T EQPGNRKEVQITCOCFGVGORGTCVWTC
CODKGPVGKPFKECNCURTQVGEEKQPGUFGVGORGTCVWTC
CODKGPVG


/CPWCNFGKPUVTWEEKQPGU

'ZKUVGPEWCVTQCLWUVGUFGRTQVGEEKÉPRQUKDNGU
Ő 7PPKXGNDCLQFGCXKUQOQUVTCFQGPGNFKURNC[EQOQ#.. 
Ő 7PPKXGNCNVQFGCXKUQOQUVTCFQGPGNFKURNC[EQOQ#.* 
Ő 7PPKXGNDCLQFGRCTCFCFGCNCTOCOQUVTCFQGPGNFKURNC[EQOQ5F. 
Ő 7PPKXGNCNVQFGRCTCFCFGCNCTOCOQUVTCFQGPGNFKURNC[EQOQ5F* 

'LGORNQFGNCRCPVCNNCFGRTQVGEEKÉP

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\EC2T UGIWKFQFGWPPÐOGTQ[NCVGORGTCVWTCFGUCNKFC
FGNGNGOGPVQ[CEQPVKPWCEKÉPRWNUGNCVGENCFGGPVTCFC
 

u%
2T

#.*

Ő 'NPKXGNFGCXKUQFGVGORGTCVWTCCNVC#.* [GNPKXGNFGRCTCFCFGVGORGTCVWTCCNVC5F* 
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
[ RCTCECODKCTFGNPKXGNFGCXKUQCNPKXGNFGRCTCFC[RWNUG
NCVGENCFGGPVTCFC
 RCTCOQFKHKECTGNXCNQT
Ő 'NXCNQTCRCTGEGGPGNFKURNC[
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCOQFKHKECTGNXCNQT
Ő 'URQUKDNGSWGUGPGEGUKVGWPCEQPVTCUGÇCQREKQPCNGNXCNQTEQOKGP\CCRCTRCFGCT[UGRWGFGP
WVKNK\CTNCUVGENCUEQPHNGEJC
 [
 RCTCOQFKHKECTGNXCNQT
Ő 2WNUGNCVGENCFGGPVTCFC
 RCTCRTQITCOCTGNXCNQTPWGXQQRWNUGNCVGENCFGTGCTOGRCTCECPEGNCT


/CPWCNFGKPUVTWEEKQPGU

.QUCLWUVGURTQITCOCDNGUUÉNQRWGFGPOQFKHKECTUGFGPVTQFGWPQUNÃOKVGU
RGTOKVKFQU

 2CPVCNNCUFGRTWGDC

'PUC[QFGFKURNC[

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
 JCUVCSWGCRCTG\ECV [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

 

2TWGDCFGNCX±NXWNCUGIWTKFCF
'PNCRCPVCNNCFGRTWGDCV UGKPENW[GWPCRTWGDCFGNCX±NXWNCFGUGIWTKFCF.CUX±NXWNCUFG
UGIWTKFCFUÉNQRWGFGPRTQDCTUGFGURW¾UFGKPVTQFWEKTWPEÉFKIQ5KVKGPGSWGRTQDCTNCUX±NXWNCUFG
UGIWTKFCFEQPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

 #LWUVGURTQITCOCDNGU

2CT±OGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#2CEM

#LWUVG #LWUVGFG #LWUVG


OÃPKOQ H±DTKEC O±ZKOQ
2TGUKQPGUFGFGUECTIC
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKQPGUFGECTIC
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   


/CPWCNFGKPUVTWEEKQPGU

#LWUVG #LWUVGFG #LWUVG


OÃPKOQ H±DTKEC O±ZKOQ
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   

2CT±OGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#(WNN(GCVWTG[)0

#LWUVG #LWUVGFG #LWUVG


OÃPKOQ H±DTKEC O±ZKOQ
2TGUKQPGUFGFGUECTIC
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK


/CPWCNFGKPUVTWEEKQPGU

#LWUVG #LWUVGFG #LWUVG


OÃPKOQ H±DTKEC O±ZKOQ
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKQPGUFGECTIC
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGDCT RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK DCT
G   
2TGUKÉPFGECTIC
EQORTGUQTGUFGRUK RUKI   

2CT±OGVTQU

#LWUVG #LWUVGFG #LWUVG


OÃPKOQ H±DTKEC O±ZKOQ
6KGORQFGHWPEKQPCOKGPVQGPGUVTGNNCFGN UGI   
OQVQT
6KGORQFGTGVTCUQFGECTIC
GUVTGNNC UGI   
VTK±PIWNQ
0ÐOGTQFGCTTCPSWGUFGNOQVQT CTTCPSWGUFÃC   
6KGORQFGRCTCFCOÃPKOQ UGI   
6KGORQFGRCTCFCRTQITCOCFQ UGI   
6KGORQNÃOKVGFGEQOWPKECEKÉP UGI   


/CPWCNFGKPUVTWEEKQPGU

2TQVGEEKQPGU

#LWUVG #LWUVGFG #LWUVG


OÃPKOQ H±DTKEC O±ZKOQ
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%  
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(  
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%   
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(   
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC

#XKUQFGUGTXKEKQ
%QPUWNVGVCODK¾PNCUGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
%QPUWNVGC#VNCU%QREQUKJC[SWGECODKCTWPCLWUVGFGVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGT
NQUKPVGTXCNQUPQOKPCNGU[FGDGPEQKPEKFKTNÉIKECOGPVG%QPUWNVGNCUGEEKÉP+PXQECEKÉPOQFKHKECEKÉPFGN
VGORQTK\CFQTFGUGTXKEKQ

6GTOKPQNQIÃC

6¾TOKPQ +PVGTRTGVCEKÉP
#4#8( 4GCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG%QPUWNVGNCUGEEKÉP
4GIWNCFQT'NGMVTQPKMQP+
6GORGTCVWTCFG 'NTGIWNCFQTUGPGICT±CCEGRVCTCLWUVGUKNÉIKEQURGLUKGNPKXGNFGCXKUQGUV±
UCNKFCFGN RTQITCOCFQCu%u(GNNÃOKVGOÃPKOQFGNPKXGNFGRCTCFCUGECODKCT±C
GNGOGPVQ u%u(.CFKHGTGPEKCTGEQOGPFCFCGPVTGGNPKXGNFGCXKUQ[GNPKXGNFGRCTCFC
EQORTGUQT FGCNCTOCGUFGu%u( 
4GVTCUQCNC 'UGNRGTÃQFQFWTCPVGGNEWCNFGDGGZKUVKTNCUGÇCNCPVGUFGSWGUGRCTGGNEQORTGUQT
UGÇCNFGRCTCFC 5KGURTGEKUQSWGUGRTQITCOGGUVGCLWUVGCQVTQXCNQTEQPUWNVGC#VNCU%QREQ
FGCNCTOC
6KGORQFG 'UGNRGTÃQFQFWTCPVGGNEWCNFGDGTGUVCDNGEGTUGGNXQNVCLGRCTCXQNXGTCCTTCPECT
TGUVCDNGEKOKGPVQ CWVQO±VKECOGPVG#EEGUKDNGUKGUV±CEVKXCFQGNTGCTTCPSWGCWVQO±VKEQ%QPUWNVG
FGRQVGPEKC 4GIWNCFQT'NGMVTQPKMQP+2CTCCEVKXCTNCHWPEKÉPFGTGCTTCPSWGCWVQO±VKEQEQPUWNVG
C#VNCU%QREQ
6KGORQFG 7PCXG\RCTCFQCWVQO±VKECOGPVGGNEQORTGUQTSWGFCT±RCTCFQRQTGNVKGORQ
RCTCFCOÃPKOQ OÃPKOQFGRCTCFC
UGIWPFQUCRTQZKOCFCOGPVG RCUGNQSWGRCUGEQPNCRTGUKÉP
FGNCTGFFGCKTG%QPUWNVGC#VNCU%QREQUKTGSWKGTGWPCLWUVGKPHGTKQTC
UGIWPFQU
2TGUKÉPFG 'NTGIWNCFQTPQCEGRVCT±CLWUVGUKNÉIKEQURGLUKNCRTGUKÉPFGFGUECTICGUV±
FGUECTICECTIC RTQITCOCFCCDCT
G RUKIGNNÃOKVGO±ZKOQFGNCRTGUKÉPFGECTICUG
ECODKCT±CDCT
G RUKI.COÃPKOCFKHGTGPEKCFGRTGUKÉPTGEQOGPFCFCGPVTG
ECTIC[FGUECTICGUFGDCTRUKI


/CPWCNFGKPUVTWEEKQPGU

 +PUVCNCEKÉP

 &KDWLQUFGFKOGPUKQPGU

&KDWLQUFGFKOGPUKQPGU)#C)#

)#C)#2CEMOQPVCFQGPGNUWGNQ


/CPWCNFGKPUVTWEEKQPGU

)#C)#(WNN(GCVWTGOQPVCFQGPGNUWGNQ


/CPWCNFGKPUVTWEEKQPGU

)#C)#2CEMOQPVCFQGPFGRÉUKVQ


/CPWCNFGKPUVTWEEKQPGU

)#C)#(WNN(GCVWTGOQPVCFQGPFGRÉUKVQ

6KRQ )# )# )# )#(WNN )#(WNN )#(WNN


2CEM 2CEM 2CEM (GCVWTG (GCVWTG (GCVWTG
2GUQFGNCXGTUKÉP      
OQPVCFCGPGN
UWGNQ
MI
2GUQFGNCXGTUKÉP      
OQPVCFCGP
FGRÉUKVQ
MI


/CPWCNFGKPUVTWEEKQPGU

4GH &GUKIPCEKÉP
 'PVTCFCFGCKTGFGNEQORTGUQT
 'PVTCFCFGCKTGFGTGHTKIGTCEKÉP[OQVQT
 5CNKFCFGCKTGEQORTKOKFQ
 5CNKFCFGCKTGFGTGHTKIGTCEKÉPFGNEQORTGUQT[OQVQT
 'PVTCFCFGECDNGGN¾EVTKEQ
 'PVTCFCFGCKTGFGTGHTKIGTCEKÉPFGNUGECFQT
 5CNKFCFGCKTGFGTGHTKIGTCEKÉPFGNUGECFQT
 2WPVQFGFTGPCLGCWVQO±VKEQ
 2WPVQFGFTGPCLGOCPWCN

 2TQRWGUVCFGKPUVCNCEKÉP

'LGORNQFGUCNCFGEQORTGUQTGU


/CPWCNFGKPUVTWEEKQPGU

&GUETKREKÉP

 +PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UÉNKFQSWGRWGFCUQRQTVCTUWRGUQ
.CFKUVCPEKCOÃPKOCTGEQOGPFCFCGPVTGNCRCTVGUWRGTKQTFGNCWPKFCF[GNVGEJQGU
FGOO
RWNI .CFKUVCPEKCGPVTGNCWPKFCF[NCURCTGFGUFGENCTCFCUGUGN
OÃPKOQ
.CFKUVCPEKCTGEQOGPFCFCGUOORCTCHCEKNKVCTGNCEEGUQ
5GRTQJÃDGCVQTPKNNCTEQPRGTPQUGNFGRÉUKVQFGCKTGCNUWGNQ
 2QUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTGEQORTKOKFQ
RWGFGWDKECTUGGPCODQUNCFQU
FGNFGRÉUKVQFGCKTG 
 'NNCTIQO±ZKOQFGNCUVWDGTÃCUVQVCNGU
KPENWUQNCVWDGTÃCFGKPVGTEQPGZKÉPGPVTGGN
EQORTGUQT[GNFGRÉUKVQ UGECNEWNCFGNCHQTOCUKIWKGPVG
FR
.ZZ3E 
FZR
FFK±OGVTQKPVGTKQTFGNVWDQFGUCNKFCGPOO
FRECÃFCFGRTGUKÉP
O±ZKOQTGEQOGPFCFQDCTRUK
.NQPIKVWFFGNVWDQFGUCNKFCGPO
RRTGUKÉPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
 8GPVKNCEKÉPNCURCTTKNNCUFGCURKTCEKÉP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGHQTOCSWG
UGGXKVGNCTGEKTEWNCEKÉPFGNCKTGFGTGHTKIGTCEKÉPCNEQORTGUQT.CXGNQEKFCFO±ZKOC
FGNCKTGCVTCX¾UFGNCURCTTKNNCUGUFGOU
HVU 
0QUGCFOKVGPEQPFWEVQUFGCKTGFGTGHTKIGTCEKÉP
.CVGORGTCVWTCO±ZKOCFGNCKTGGPNCVQOCFGNEQORTGUQTGUFGu%
u( 
NC
OÃPKOCGUFGu%u( 
3XECRCEKFCFFGXGPVKNCEKÉPTGSWGTKFCGPOU
0GPVTCFCCNGLGFGNEQORTGUQTGPM9
F6CWOGPVQFGVGORGTCVWTCGPUCNCFGNEQORTGUQT
 'PVTCFCFGECDNGFGTGF

 %QPGZKQPGUGN¾EVTKECU

&GUETKREKÉP
%QPUWNVGVCODK¾PNCUGEEKÉP&KCITCOCUGN¾EVTKEQU
 +PUVCNGWPKPVGTTWRVQTUGRCTCFQT
 %QORTWGDGSWGGUV±PDKGPUWLGVQUCUWUDQTPGUNQUECDNGUGJKNQUFGNOQVQTGPGNCTOCTKQGN¾EVTKEQ
 %QORTWGDGNQUHWUKDNGU[GNCLWUVGFGNTGN¾FGUQDTGECTIC8¾CUGNCUGEEKÉP#LWUVGUFGTGN¾FG
UQDTGECTIC[HWUKDNGU
 %QPGEVGNQUECDNGUFGUWOKPKUVTQFGRQVGPEKCCUWUDQTPGU..[.
 %QPGEVGGNEQPFWEVQTPGWVTQCNEQPGEVQT
0 
 %QPGEVGGNRGTPQFGNEQPFWEVQTFGVKGTTC
2' 
'POQFGNQUFGN)#CN)#(WNN(GCVWTG
Ő 'NUWOKPKUVTQFGXQNVCLGCNUGECFQTFGDGUGTOQPQH±UKEQFG85GUWOKPKUVTCGNXQNVCLGCNUGECFQT
RQTNQUEQPVCEVQUFGNTGN¾
- ¾UVQUUGEKGTTCPCNCTTCPECTUGGNEQORTGUQT2CTCXQNVCLGUFG
UWOKPKUVTQFGNEQORTGUQTFKHGTGPVGUFGZ8O±UPGWVTQZ8NCCNKOGPVCEKÉPCNUGECFQT
NCUWOKPKUVTCWPVTCPUHQTOCFQT


/CPWCNFGKPUVTWEEKQPGU

 2KEVQITCOCU

2KEVQITCOCUOQFGNQUFGN)#CN)#

4GHGTGPEKC &GUKIPCEKÉP
 #XKUQEQPUWNVGGN.KDTQFGKPUVTWEEKQPGUGPNQTGHGTGPVGCNUGPVKFQFGIKTQFGNOQVQT
CPVGUFGEQPGEVCTGNEQORTGUQTGN¾EVTKECOGPVG
 2CTGUFGCRTKGVGRCTCRGTPQUFGCEGTQ
(G QNCVÉP
%W<P
 #XKUQCURKTCEKÉP
 #EGKVCTNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPKNNCT¾UVG[CRTGVCTCOCPQ

OGFKCXWGNVCCRTQZKOCFCOGPVG
 %QPUWNVGGN.KDTQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTOCPVGPKOKGPVQ
 #XKUQXQNVCLG
 #XKUQRKG\CUECNKGPVGU
 #PVGUFGCTTCPECTDNQSWGCTVQFCUNCUEQORWGTVCUFGNCECTTQEGTÃC
Ő 5KUGVKTCFGNCJQLCJCEKCCDCLQRCTCTGNEQORTGUQT[FGUEQPGEVCTGNXQNVCLG
Ő +PXKGTVCNCUFQUNÃPGCUFGGPVTCFC4GRKVCGNRCUQCPVGTKQT
Ő 5KNCJQLCUCNVCNCTQVCEKÉPFGNOQVQTGUEQTTGEVC
 2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
 2WPVQFGFTGPCLGCWVQO±VKEQFGEQPFGPUCFQ
 #XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTCPVGUFGTGCNK\CT
TGRCTCEKQPGU
 #XKUQFGUEQPGEVGNCCNKOGPVCEKÉPGN¾EVTKECCPVGUFGCDTKT


/CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

 #PVGUFGNCTTCPSWGKPKEKCN

5GIWTKFCF

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU
NCUSWGUGKPFKECPGPGNRTGUGPVGOCPWCN

(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU
5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKÉPFGN
CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN
ECUQ[VCODK¾PUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO
HV 

&GURNC\COKGPVQNGXCPVCOKGPVQ
7PKFCFOQPVCFCGPGNUWGNQGNEQORTGUQTRWGFGOQXGTUGEQPWPCECTTGVKNNCGNGXCFQTC2TQEWTGPQFCÇCT
PKPIWPCFGNCUEQPGZKQPGUKPUVCNCFCUFGDCLQFGNDCUVKFQTCNOQXGTNCECTTGVKNNCQGNEQORTGUQT2CTC
GNGXCTGNEQORTGUQTEQORTWGDGSWGNCUJQTSWKNNCUUGCPNQUWHKEKGPVGOGPVGNCTICURCTCRTQRQTEKQPCTWP
UQRQTVGGUVCDNG
7PKFCFOQPVCFCGPFGRÉUKVQOWGXCGNEQORTGUQTEQPWPCECTTGVKNNCGNGXCFQTCEQNQECPFQNCUJQTSWKNNCU
FGDCLQFGNQUUQRQTVGUFGGNGXCEKÉPSWGUGGPEWGPVTCPKPUVCNCFQUGPVTGNQURKGUFGNFGRÉUKVQFGCKTG
#UGIÐTGUGFGEQNQECTNCUJQTSWKNNCUGPGNEGPVTQFGNFGRÉUKVQFGCKTG[NGXCPVGEQPEWKFCFQ

#TTCPSWG[RCTCFCCFKUVCPEKCGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+

&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPÐPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG

#TTCPSWG[RCTCFCCFKUVCPEKC
Ő %QPGEVGWPDQVÉPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNVCDNGTQFGDQTPGU

: %QPUWNVGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU

 #TTCPSWGKPKEKCN

5GIWTKFCF

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU


/CPWCNFGKPUVTWEEKQPGU

2TQEGFKOKGPVQ

2CTCEQPQEGTNCWDKECEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ

(KLCFQTGUFGVTCPURQTVGFGNOQVQT[ECLCFGGPITCPCLGU

2QUKEKÉPFGNCOKTKNNCFGPKXGNFGCEGKVG


/CPWCNFGKPUVTWEEKQPGU

%WDÃEWNQGN¾EVTKEQ

7DKECEKÉPFGNCJQLC


/CPWCNFGKPUVTWEEKQPGU

 %QPUWNVGNCUUGEEKQPGU6COCÇQFGECDNGUGN¾EVTKEQU2TQRWGUVCUFGKPUVCNCEKÉP[&KDWLQUFG
FKOGPUKQPGU
 *C[SWGSWKVCTNQUHKLCFQTGUFGVTCPURQTVGRKPVCFQUFGTQLQUKIWKGPVGU
Ő 2GTPQU

Ő %CUSWKNNQU

Ő 5QRQTVGU

 %QORTWGDGSWGGUV±PJGEJCUNCUEQPGZKQPGUGN¾EVTKECUEQPHQTOGCNQUEÉFKIQUNQECNGU[SWG
VQFQUNQUECDNGUGUV±PDKGPUWLGVQUCUWUDQTPGU
'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ
KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
 %QORTWGDGSWGGNVTCPUHQTOCFQT
6 GUV±DKGPEQPGEVCFQ
2CTCWPKFCFGU(WNN(GCVWTGGZEGRVQRCTCXQNVCLGUFGXQNVCLGU8[8 0EQORTWGDG
SWGGNVTCPUHQTOCFQT
6 GUV±DKGPEQPGEVCFQ
%QORTWGDGGNCLWUVGFGNTGN¾FGUQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
( 
%QORTWGDGSWGGNTGN¾FGUQDTGECTICXCCLWUVCFQRCTCTGCTOGOCPWCN
 +PUVCNGNCX±NXWNCFGUCNKFCFGCKTG
#8 EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNC
WDKECEKÉPFGNCX±NXWNC
%KGTTGNCX±NXWNC
%QPGEVGNCTGFFGCKTGCNCX±NXWNC
'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKÉPFGUGECFQTKPUVCNGNCX±NXWNCFGUCNKFCFGCKTGGP
GNVWDQFGFGTKXCEKÉPFGNUGECFQT
 %QPGEVGNCUUCNKFCUFGFTGPCLGFGNEQPFGPUCFQCWPEQNGEVQTFGFTGPCLG
%QPUWNVGNCUGEEKÉP5KUVGOCFGEQPFGPUCFQ
 %QORTWGDGGNPKXGNFGCEGKVG8¾CUGNCUGEEKÉP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
 2TQX¾CUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG
Ő 'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTCPECTCWVQO±VKECOGPVGFGURW¾UFGKPVGTTWREKÉPFGN
XQNVCLG
UKGUV±CEVKXCFQEQPUWNVGC#VNCU%QREQ 
Ő 'NEQORTGUQTXCEQPVTQNCFQCWVQO±VKECOGPVG[RWGFGSWGCTTCPSWGGPEWCNSWKGTOQOGPVQ
 (KLGNCJQLC
 SWGGZRNKECGNRTQEGFKOKGPVQFGEQORTQDCEKÉPFGNCFKTGEEKÉPFGTQVCEKÉPFGN
OQVQTCNCUCNKFCFGCKTGFGTGHTKIGTCEKÉPFGNEQORTGUQT%QPUWNVGNCUGEEKÉP&KDWLQUFG
FKOGPUKQPGU
%QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[R±TGNQCNKPUVCPVG%QORTWGDGNCFKTGEEKÉPFG
TQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQ
/ EWCPFQIKTCRQTKPGTEKCJCUVCRCTCT
%QORTWGDGNCTQVCEKÉPFGNOQVQTWUCPFQNCJQLC
 5KNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTGU
EQTTGEVCNCGVKSWGVCFGNCRCTTKNNCFGNCRCTVGUWRGTKQTUCNVCT±5KNCJQLCRGTOCPGEGGPUW
RQUKEKÉPNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVC
5KNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQGUKPEQTTGEVCCDTCGNKPVGTTWRVQT
UGRCTCFQTGKPXKGTVCFQUNÃPGCUGN¾EVTKECUFGGPVTCFC
4GN¾FGUGEWGPEKCFGHCUGUQREKQPCN
Ő 5KGNEQORTGUQTPQNQITCTCCTTCPECTEQORTWGDGGNFKURNC[
Ő 5KGNFKURNC[OWGUVTCGNRKEVQITCOCFGUQDTGECTICFGNOQVQTEQORTWGDGGNTGN¾FGUGEWGPEKC
FGHCUG
7PCFKTGEEKÉPFGTQVCEKÉPKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQRWGFGECWUCTFCÇQUCN
EQORTGUQT
 'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGNQUCLWUVGUX¾CUGNC
UGEEKÉP#LWUVGU
 2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCEQPPQTOCNKFCF


/CPWCNFGKPUVTWEEKQPGU

 #PVGUFGCTTCPECT

2TQEGFKOKGPVQ

 %QORTWGDGGNPKXGNFGCEGKVGCÇCFCUKGURTGEKUQ8¾CUGNCUGEEKÉP#TTCPSWGKPKEKCN

 #TTCPSWG

2TQEGFKOKGPVQ

2CTCEQPQEGTNCRQUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ

2CPGNFGEQPVTQNFG'NGMVTQPKMQP+

2CUQ #EEKÉP
 %QPGEVGGNXQNVCLG%QORTWGDGSWGUGGPEKGPFGGN.'&FGXQNVCLGEQPGEVCFQ
 
 #DTCNCX±NXWNCFGUCNKFCFGCKTG
 2WNUGGNDQVÉPFGCTTCPSWG
 FGNRCPGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'&
FGHWPEKQPCOKGPVQCWVQO±VKEQ
 UGGPEKGPFG&KG\UGIWPFQUFGURW¾UFGCTTCPECTGNOQVQTFG
CEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTK±PIWNQ[GNEQORTGUQTGORKG\CCHWPEKQPCTGPECTIC


/CPWCNFGKPUVTWEEKQPGU

 &WTCPVGGNHWPEKQPCOKGPVQ

2TQEGFKOKGPVQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU%QPUWNVG
VCODK¾PNCUGEEKÉP5QNWEKÉPFGRTQDNGOCU

.CTGVKTCFCFGNRCPGNHTQPVCN
RCPGNFGUGTXKEKQ FWTCPVGGNHWPEKQPCOKGPVQRTQXQECT±GN
CRCICFQCWVQO±VKEQFGNCWPKFCFFGURW¾UFGEKGTVQVKGORQUGIÐPNCXGTUKÉPFGN
EQORTGUQT
5KNQUOQVQTGUGUV±PFGVGPKFQU[GN.'&
 GPEGPFKFQNQUOQVQTGURQFTÃCPRQPGTUGGP
OCTEJCCWVQO±VKECOGPVG

2CPGNFGEQPVTQN'NGMVTQPKMQP+

7DKECEKÉPFGNCOKTKNNCFGPKXGNFGCEGKVGFG)#C)#

2WNUGGNDQVÉPFGRCTCFCEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNQUFKURQUKVKXQUFGFTGPCLGOCPWCNFGN
EQPFGPUCFQ
UKNQUJWDKGTC %QPUWNVGNCUGEEKÉP+PVTQFWEEKÉP[NCUGEEKÉP5KUVGOCFGEQPFGPUCFQRCTC
EQPQEGTNCWDKECEKÉPFGNCX±NXWNCFGUCNKFCGNFKURQUKVKXQFGFTGPCLGFGCIWC
2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
 


/CPWCNFGKPUVTWEEKQPGU

%QORTWGDGGNPKXGNFGCEGKVGCKPVGTXCNQUTGIWNCTGU6TGUOKPWVQUFGURW¾UFGRCTCTNCOKTKNNC
)N FGDG
GPEQPVTCTUGGPVTG[NNGPC'URGTGJCUVCSWGUGRCTGGNEQORTGUQT
UGIWPFQU FGURTGUWTKEGGN
UKUVGOCFGCEGKVGFGUCVQTPKNNCPFQGNVCRÉPFGNNGPCFQFGCEGKVG
(% WPCUQNCXWGNVC[GURGTGWPQU
OKPWVQU'ZVTCKICGNVCRÉP[CÇCFCCEGKVGJCUVCNNGPCTGNPKXGNFGNCOKTKNNC+PUVCNG[CRTKGVGGNVCRÉP
(% 
5KGUV±GPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
 GNTGIWNCFQTIQDKGTPCGNEQORTGUQT
CWVQO±VKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[XQNXGTCCTTCPECT
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGGNHWPEKQPCOKGPVQCKPVGTXCNQUTGIWNCTGU%QPUWNVGNC
UGEEKÉP5KUVGOCFGEQPFGPUCFQ

 %QORTQDCTGNFKURNC[

2TQEGFKOKGPVQ

2CPGNFGEQPVTQN'NGMVTQPKMQP+

'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGGNFKURNC[
 TGIWNCTOGPVGNQU
RKEVQITCOCUKPFKECPGNGUVCFQFGNEQORTGUQTX¾CUGNCUGEEKÉP2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC
*CICNCUIGUVKQPGUPGEGUCTKCUUKGUV±GPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
 X¾CPUGNCUUGEEKQPGU
#XKUQFGUGTXKEKQ#XKUQFGRCTCFCFGCNCTOC[2CTCFCFGCNCTOC

 2CTCFC

4GIWNCFQT'NGMVTQPKMQP

2CPGNFGEQPVTQNFG'NGMVTQPKMQP+


/CPWCNFGKPUVTWEEKQPGU

2TQEGFKOKGPVQ

2CUQ #EEKÉP
 2WNUGGNDQVÉPFGRCTCFC
 'N.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
 UGCRCIC[GN
EQORTGUQTUGFGVKGPGVTCPUEWTTKFQUUGIWPFQUFGHWPEKQPCOKGPVQUKPECTIC
 2CTCRCTCTGNEQORTGUQTGPECUQFGGOGTIGPEKCRWNUGGNDQVÉPFGRCTCFCFG
GOGTIGPEKC
 'N.'&FGCNCTOC
 RCTRCFGC
'PEQORTGUQTGUEQP'NGMVTQPKMQP+FGURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGNDQVÉP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENCFGTGCTOG
 CPVGUFGTGCTTCPECT
 %KGTTGNCX±NXWNCFGUCNKFCFGCKTG
#8 EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉP 
 #DTCGNRWPVQFGFTGPCLGOCPWCN
&O 
&GUEQPGEVGGNXQNVCLG

 2WGUVCHWGTCFGUGTXKEKQ

#XKUQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

2TQEGFKOKGPVQ

2CUQ #EEKÉP
 2CTGGNEQORTGUQT[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG
 #DTCGNRWPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
UKNQJWDKGTC %QPUWNVGNCUGEEKÉP
5KUVGOCFGEQPFGPUCFQRCTCNQECNK\CTNCX±NXWNCFGFTGPCLG
 &GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
 FGUCVQTPKNNGGNVCRÉPFGNNGPCFQFGCEGKVGWPCUQNCXWGNVCPQO±UCHKPFGRGTOKVKT
SWGGUECRGNCRTGUKÉPGXGPVWCNFGNUKUVGOC
%QPUWNVGNCUGEEKÉP%CODKQFGCEGKVG[HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRÉPFG
NNGPCFQ
 %KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCX±NXWNCFGUCNKFC
5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
 8CEÃGGNCEGKVG
 8CEÃGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG
EQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

 /CPVGPKOKGPVQ

 2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

2CPGNFGEQPVTQN

2CPGNFGEQPVTQN'NGMVTQPKMQP+

#XKUQ

#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKÉPFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
Ő 2CTGGNEQORTGUQT
Ő 2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
Ő &GUEQPGEVGGNXQNVCLG
Ő %KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCUX±NXWNCUFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVGP
Ő &GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

)CTCPVÃC[TGURQPUCDKNKFCFFGNRTQFWEVQ
7VKNKEGÐPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCÇQQCXGTÃCTGUWNVCPVGFGNWUQFGRKG\CUPQ
CWVQTK\CFCUPQGUV±EWDKGTVQRQTNC)CTCPVÃCPKRQTNC4GURQPUCDKNKFCFFGN2TQFWEVQ

,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
5GGPEWGPVTCPFKURQPKDNGU UGTXKEGMKVU RCTCTGXKUKQPGUQOCPVGPKOKGPVQRTGXGPVKXQ
X¾CUGNC
UGEEKÉP,WGIQUFGUGTXKEKQ
UGTXKEGMKVU  

%QPVTCVQUFGUGTXKEKQ
#VNCU%QREQQHTGEGXCTKQUVKRQUFGEQPVTCVQUFGUGTXKEKQGXKV±PFQNGCUÃEWCNSWKGTVTCDCLQFG
OCPVGPKOKGPVQRTGXGPVKXQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ

)GPGTCNKFCFGU
#NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVÉTKECU[CTCPFGNCUFGUOQPVCFCU


/CPWCNFGKPUVTWEEKQPGU

+PVGTXCNQU
'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQ
GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKÉPFGNCUEQPFKEKQPGUCODKGPVCNGU
[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODK¾PKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU

#EEKQPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP+
#FGO±UFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGP
KPVGTXCNQUFGVKGORQ
JQTCUFGHWPEKQPCOKGPVQ 'NTGIWNCFQTGUV±FQVCFQFGWPVGORQTK\CFQTFGUGTXKEKQ
RTQITCOCDNG#RCTGEGT±WPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFG
VKGORQRTQITCOCFQEQPUWNVGNCUGEEKÉP#XKUQFGUGTXKEKQ'PVCNECUQJC[SWGEQORTQDCTNCUJQTCUFG
HWPEKQPCOKGPVQ4GCNKEGNCUQRGTCEKQPGUFGUGTXKEKQSWGEQTTGURQPFGPCNCUJQTCUFGHWPEKQPCOKGPVQ
GURGEKHKECFCUGPGNRTQITCOCUKIWKGPVG4GCTOGGNVGORQTK\CFQTFGUGTXKEKQFGURW¾UFGCECDCFQGN
UGTXKEKQEQPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ

2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
)GPGTCNKFCFGU

2GTÃQFQ 1RGTCEKÉP
&KCTKQ %QORTWGDGGNPKXGNFGNCEGKVG
ŋ %QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
ŋ %QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGNCECTIC
ŋ 2WTIWGGNEQPFGPUCFQ
ŋ %QORTWGDGGNKPFKECFQTFGUGTXKEKQFGNQUHKNVTQU&&Z[2&Z
UKNQUJWDKGTC 
%CFCOGUGU %QORTWGDGNQUTGHTKIGTCFQTGUNÃORKGNQUGPECUQRTGEKUQ
ŋ 2CTCWPKFCFGU(WNN(GCVWTGEQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[NÃORKGNQUKGU
PGEGUCTKQ
ŋ 'ZVTCKICGNGNGOGPVQHKNVTCPVGFGCKTG.KORKCTEQPEJQTTQFGCKTG[TGXKUCT
/±UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ
4GGORNCEGGNGOGPVQUFCÇCFQUQOW[EQPVCOKPCFQU
ŋ 4GGORNCEGGNGNGOGPVQFGHKNVTQFGNEWDÃEWNQ
#PWCNOGPVG 4GGORNCEGNQUHKNVTQU&&Z[2&ZQGPEWCPVQGNKPFKECFQTFGRTGUKÉPCRWPVGCNC
\QPCTQLC

2CTC)#C)#

*QTCUFG 1RGTCEKÉP
HWPEKQPCOKGPVQ
 5KUGWVKNK\C4QVQ(QQFITCFG(NWKFFG#VNCU%QREQECODKGGNCEGKVG
 5KUGWVKNK\C4QVQKPLGEV(NWKFFG#VNCU%QREQECODKGGNCEGKVG
 4GGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG
 4GGORNCEGGNGNGOGPVQFGHKNVTQFGNEWDÃEWNQ
 .KORKGNQUTGHTKIGTCFQTGU
 2CTCWPKFCFGU(WNN(GCVWTGNKORKGGNEQPFGPUCFQTFGNUGECFQT
 4GGORNCEGGNHKNVTQ[UGRCTCFQTFGCEGKVG
 %QORTWGDGNCUNGEVWTCUFGRTGUKÉP[VGORGTCVWTC
 .NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[


/CPWCNFGKPUVTWEEKQPGU

*QTCUFG 1RGTCEKÉP
HWPEKQPCOKGPVQ
 %QORTWGDGRQTUKJC[HWICUFGCKTG
 'PWPKFCFGU2CEMGZVTCKICFGUOCPVGNG[NKORKGNCX±NXWNCFGHNQVCFQTFGNEQNGEVQT
FGEQPFGPUCFQ%QPUWNVGNCUGEEKÉP5KUVGOCFGEQPFGPUCFQ
 2TWGDGNCHWPEKÉPFGRCTCFCFGVGORGTCVWTC
 2TWGDGNCUX±NXWNCUFGUGIWTKFCF
 5KUGWVKNK\C4QVQ:VGPF&WV[(NWKFFG#VNCU%QREQECODKGGNCEGKVG

+ORQTVCPVG

Ő %QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT
Ő 2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU
GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKÉPEQPUWNVGC#VNCU
%QREQ
Ő &GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTÃCUQLWPVCU
HNGZKDNGUFCÇCFCU

 /QVQTFGCEEKQPCOKGPVQ

2CTC)#C)#
.QUEQLKPGVGUFGNOQVQTGUV±PNWDTKECFQUFGRQTXKFC

 'URGEKHKECEKQPGUFGNCEGKVG

0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
2CTCCUGIWTCTWPCDWGPCECNKFCFFGNCEGKVGFTGPGGNEQORTGUQTGPVQFQUNQURWPVQU
FGFTGPCLG.QUCEGKVGUWUCFQUSWGUGFGLCPGPGNEQORTGUQTRWGFGPEQPVCOKPCTGN
UKUVGOCFGCEGKVG

5GTGEQOKGPFCOW[GPECTGEKFCOGPVGWVKNK\CT#VNCU%QREQ(NWKF
EQPUWNVGNCUGEEKÉP2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ 

#VNCU%QREQ4QVQ+PLGEV(NWKF
#EGKVGRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFGOQVQTFG8
#VNCU%QREQ4QVQ+PLGEV(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQPKP[GEEKÉP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ4QVQ+PLGEV(NWKFRWGFGWVKNK\CTUGRCTC
EQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [u%
u( 

EQPUWNVGNCUGEEKÉP,WGIQUFGUGTXKEKQ 


/CPWCNFGKPUVTWEEKQPGU

#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
#EGKVGRCTCWPKFCFGU%5#7.[,20GZEGRVQRCTCWPKFCFGUEQPWPXQNVCLGFGOQVQTFG8
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKÉPRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFG
OQVQTFG8
#VNCU%QREQ4QVQ:VGPF&WV[(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQP
KP[GEEKÉPFGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [
u%
u( 
EQPUWNVGNCUGEEKÉP,WGIQUFGUGTXKEKQ 

#VNCU%QREQ4QVQ(QQFITCFG(NWKF
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKÉP
#VNCU%QREQ4QVQ(QQFITCFG(NWKFGUWPNWDTKECPVGUKPV¾VKEQFGCNVCECNKFCFGZENWUKXQETGCFQ
GURGEKCNOGPVGRCTCEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKÉPFGCEGKVGSWGUWOKPKUVTCPCKTGRCTCNCKPFWUVTKC
FGCNKOGPVCEKÉP'UVGNWDTKECPVGOCPVKGPGGNEQORTGUQTGPRGTHGEVQGUVCFQ'NCEGKVG4QVQ(QQFITCFG
RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [
u%
u( 
EQPUWNVGNCUGEEKÉP,WGIQUFGUGTXKEKQ 

1DUGTXCEKÉP

'NFGRÉUKVQFGCKTGVCPSWGFGCEGKVGNNGXCWPCGVKSWGVCSWGKPFKECGNVKRQFGCEGKVG
NNGPCFQGPH±DTKEC

 %CODKQFGCEGKVG[HKNVTQUFGCEGKVG

#XKUQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU


/CPWCNFGKPUVTWEEKQPGU

2TQEGFKOKGPVQ

%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#

 *CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNOQVQTFGURW¾UFGOKPWVQUFG
HWPEKQPCOKGPVQGPFGUECTIC%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTG
WPQUEWCPVQUOKPWVQU[FGURTGUWTKEGFGUCVQTPKNNCPFQGNVCRÉPFGTGNNGPQFGCEGKVG
(% PQ
O±USWGWPCUQNCXWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKÉPSWGRWFKGTCJCDGTGPGN
UKUVGOC
#DTCVCODK¾PNQUFKURQUKVKXQUFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
UKNQUJWDKGTC 
 'ZVTCKICGNVCRÉPFGFTGPCLGFGCEGKVG
&2 5CSWGGNCEGKVGCDTKGPFQNCX±NXWNC
8F 3WKVG
VCODK¾PGNVCRÉPFGFTGPCLGFGNVWDQHNGZKDNG
 UKVWCFQLWPVQCNGNGOGPVQ[GNVCRÉPFG
XGPVKNCEKÉPFGNTGHTKIGTCFQTFGCEGKVG%KGTTGNCX±NXWNC[XWGNXCCKPUVCNCTNQUVCRQPGUFGURW¾U
FGNFTGPCLG
 4GEQLCGNCEGKVGGPWPTGEKRKGPVG[GPVT¾IWGNQCNUGTXKEKQFGTGEQIKFCFGCEGKVG4GKPUVCNG[
CRTKGVGNQUVCRQPGUFGFTGPCLG[XGPVKNCEKÉPFGURW¾UFGNFTGPCLG
 'ZVTCKICGNHKNVTQFGCEGKVG
1( .KORKGGNCUKGPVQFGNFKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVC
FGNPWGXQHKNVTQ[CVQTPÃNNGNQGPUWUKVKQ#RTKGVGHKTOGOGPVGCOCPQ
 'ZVTCKICGNVCRÉPFGNNGPCFQ
(% 
'POQFGNQU)#C)#KPVTQFW\ECWPEQFQGPGNVCRÉPFGNNGPCFQ
(% RCTCHCEKNKVCTGN
NNGPCFQ.NGPGGNFGRÉUKVQFGCEGKVG
16 EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNOGFKQFGNC
OKTKNNC
)+ 
%WKFGFGSWGPQECKICUWEKGFCFGPGNUKUVGOC4GKPUVCNG[CRTKGVGGNVCRÉPFGNNGPCFQ
(% 
 *CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTGWPQU
OKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
 &GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRÉPFGNNGPCFQ
(% WPCUQNCXWGNVCRCTCRGTOKVKT
SWGUGGUECRGNCRTGUKÉPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRÉP
'P)#C)#TGNNGPGGNFGRÉUKVQFGCEGKVGJCUVCSWGNCOKTKNNC
)+ UGGPEWGPVTGNNGPCGP
UWURCTVGU
#RTKGVGGNVCRÉPFGNNGPCFQ
 4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
Ő 2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+X¾CUGNCUGEEKÉP+PXQECEKÉP
FGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

 %CODKQFGNUGRCTCFQTFGCEGKVG

#XKUQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

2TQEGFKOKGPVQ

%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#

 *CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNEQORTGUQTEKGTTGNC
X±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTGWPQUEWCPVQUOKPWVQU[
FGURTGUWTKEGFGUCVQTPKNNCPFQGNVCRÉPFGTGNNGPQFGCEGKVG
(% PQO±USWGWPCUQNC
XWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKÉPSWGRWFKGTCJCDGTGPGN
UKUVGOC
 'URGTGOKPWVQU[GZVTCKICGNUGRCTCFQTFGCEGKVG
15 .KORKGGNCUKGPVQFGN
FKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVCFGNPWGXQUGRCTCFQT[CVQTPÃNNGNQGPUW
UKVKQ#RTKGVGHKTOGOGPVGCOCPQ
 *CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTG
WPQUOKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
 &GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRÉPFGNNGPCFQ
(% WPCUQNCXWGNVCRCTC
RGTOKVKTSWGUGGUECRGNCRTGUKÉPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRÉP
4GNNGPGGNFGRÉUKVQFGCEGKVGJCUVCSWGNCOKTKNNC
)N UGGPEWGPVTGNNGPCGPUWU
RCTVGU
#RTKGVGGNVCRÉPFGNNGPCFQ
 4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
Ő 2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+X¾CUGNCUGEEKÉP
+PXQECEKÉPFGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

 #NOCEGPCOKGPVQFGURW¾UFGNCKPUVCNCEKÉP

2TQEGFKOKGPVQ
2QPICGPOCTEJCGNEQORTGUQTRQTGLGORNQFQUXGEGUCNCUGOCPCJCUVCSWGUGECNKGPVG%CTIWG[
FGUECTIWGGNEQORTGUQTWPCUEWCPVCUXGEGU

5KGNEQORTGUQTUGXCCCNOCEGPCTUKPHWPEKQPCTFGXG\GPEWCPFQVQOGNCUOGFKFCU
FGRTQVGEEKÉPSWGEQTTGURQPFCP%QPUWNVGC#VNCU%QREQ

 ,WGIQUFGUGTXKEKQ
UGTXKEGMKVU

&GUETKREKÉP
5GGPEWGPVTCPFKURQPKDNGULWGIQUFGUGTXKEKQ
UGTXKEGMKVU SWGNGQHTGEGPNQUDGPGHKEKQUFGNCURCTVGU
QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOCPVKGPGPDCLQUWRTGUWRWGUVQFGOCPVGPKOKGPVQ.QU
LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ

5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG

5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG 0ÐOGTQFGRGFKFQ


)#C)#RCTCJQTCUFG 
HWPEKQPCOKGPVQ
HKNVTQU[UGRCTCFQTFGCEGKVG
2CTC)#C)#GNGOGPVQFGNHKNVTQFGN 
EWDÃEWNQ

,WGIQUFGUGTXKEKQ
UGTXKEGMKVU )#C)#

,WGIQUFGUGTXKEKQ
UGTXKEGMKVU 0ÐOGTQFGRGFKFQ
8±NXWNCFGRTGUKÉPOÃPKOCRCTCEQORTGUQTGUFG 
DCTDCTRUKRUK[RUK
8±NXWNCFGRTGUKÉPOÃPKOCRCTCEQORTGUQTGUFG 
DCT[RUK
'SWKRQFGHNQVCFQT 
'SWKRQFGHKNVTQ2&: 
-KVFGHKNVTQ&&: 

#VNCU%QREQ4QVQ+PLGEV(NWKF
%QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG

0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
.CVCFGNKVTQU
75ICN+ORICN 
$CTTKNFGNKVTQU
75ICN+ORICN 


/CPWCNFGKPUVTWEEKQPGU

#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
%QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG

0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
.CVCFGNKVTQU
75ICN+ORICN 
$CTTKNFGNKVTQU
75ICN+ORICN 

#VNCU%QREQ4QVQ(QQFITCFG(NWKF
%QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG

0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
$CTTKNFGNKVTQU
75ICN+ORICN 


/CPWCNFGKPUVTWEEKQPGU

 #LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ

 (KNVTQFGCKTG

7DKECEKÉPFGNHKNVTQFGCKTG

(KNVTQFGCKTG)#C)#

4GEQOGPFCEKQPGU
 0QGZVTCKICPWPECGNGNGOGPVQEQPGNEQORTGUQTGPOCTEJC
 2CTCTGFWEKTCNOÃPKOQGNVKGORQFGRCTCFCFGNEQORTGUQTECODKGGNGNGOGPVQUWEKQRQTQVTQPWGXQ
 &GUGEJGEWCNSWKGTGNGOGPVQSWGGUV¾FCÇCFQ

2TQEGFKOKGPVQ
 2CTGGNEQORTGUQT&GUEQPGEVGGNXQNVCLG
 'PWPKFCFGU2CEMGZVTCKICGNRCPGNNCVGTCN
'PWPKFCFGU(WNN(GCVWTGGZVTCKICGNRCPGNHTQPVCN
 3WKVGGNEQPLWPVQFGNHKNVTQFGCKTG
 'ZVTCKICNCVCRCFGNHKNVTQFGCKTG
#( IKT±PFQNCGPUGPVKFQQRWGUVQCNCUCIWLCUFGWPTGNQL'ZVTCKIC
GNGNGOGPVQHKNVTCPVG5KGURTGEKUQNKORKGNCEWDKGTVC
 +PUVCNGGNPWGXQGNGOGPVQ[NCEWDKGTVC
 4GCTOGGNCXKUQFGUGTXKEKQFGNHKNVTQFGCKTG
%QPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQRCTCTGCTOCTGNOGPUCLGFG
UGTXKEKQGPTGIWNCFQTGU'NGMVTQPKMQP+

 4GHTKIGTCFQTGU

.KORKG\C
/CPVGPICNKORKQUNQUTGHTKIGTCFQTGURCTCTGVGPGTNCGHKEKGPEKCFGTGHTKIGTCEKÉP
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTG


/CPWCNFGKPUVTWEEKQPGU

Ő 2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
Ő %WDTCVQFCUNCURKG\CUFGDCLQFGNQUTGHTKIGTCFQTGU
Ő 'ZVTCKICVQFQGNRQNXQFGNQUTGHTKIGTCFQTGUEQPWPEGRKNNQFGEGTFCU0QGORNGGPWPECWPEGRKNNQFG
CNCODTGUPKQDLGVQUOGV±NKEQU
Ő 5GIWKFCOGPVGUQRNGEQPCKTGEQORTKOKFQGPUGPVKFQQRWGUVQCNHNWLQPQTOCN
Ő 5KGURTGEKUQSWGUGNKORKGPNQUTGHTKIGTCFQTGUEQPC[WFCFGWPFGVGTIGPVGEQPUWNVGC#VNCU%QREQ

0WPECWUGWPFKURQUKVKXQNKORKCFQTFGCIWCCCNVCRTGUKÉPRCTCNKORKCTGNEQORTGUQT

 8±NXWNCUFGUGIWTKFCF

2QUKEKÉPFGX±NXWNCFGUGIWTKFCF

)#C)#

&GRÉUKVQFGCKTGEQPX±NXWNCFGUGIWTKFCFGPWPKFCFGUOQPVCFCUGPFGRÉUKVQ

#EEKQPCOKGPVQ
#EEKQPGNCX±NXWNCFGUGIWTKFCFFGUCVQTPKNNCPFQNCVCRCWPCQFQUXWGNVCU[CVQTPKNN±PFQNCFGPWGXQ

2TWGDC
#PVGUFGSWKVCTNCX±NXWNCFGUGIWTKFCFFGURTGUWTKEGGNEQORTGUQT


/CPWCNFGKPUVTWEEKQPGU

%QPUWNVGNCUGEEKÉP5QNWEKÉPFGRTQDNGOCU
.CX±NXWNC
58 RWGFGRTQDCTUGGPWPCNÃPGCFGCKTGEQORTKOKFQUGRCTCFC5KPQUGCDTGNCX±NXWNCCNC
RTGUKÉPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU%QREQ
.CX±NXWNC
58 UGKPUVCNCGPXGTUKQPGUGPFGRÉUKVQ.CX±NXWNCRWGFGRTQDCTUGGPWPCNÃPGCFGCKTG
EQORTKOKFQUGRCTCFC5KPQUGCDTGNCX±NXWNCCNCRTGUKÉPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU
%QREQ

#XKUQ
0QUGRGTOKVGPKPIÐPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPNCX±NXWNCFGUGIWTKFCF


/CPWCNFGKPUVTWEEKQPGU

 5QNWEKÉPFGRTQDNGOCU

 5QNWEKÉPFGRTQDNGOCU

#XKUQ

#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQQTGRCTCEKÉPUQDTGGNEQORTGUQT
RWNUGGNDQVÉPFGRCTCFCGURGTGJCUVCSWGUGRCTGGNEQORTGUQT
CRTQZ
UGIWPFQU RWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC[FGUEQPGEVGGNXQNVCLG%KGTTGNC
X±NXWNCFGUCNKFCFGCKTGCDTCGNFKURQUKVKXQFGFTGPCLGOCPWCN
&O GPWPKFCFGU
2CEM[CFGO±UCDTCGNRWPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
&O GPWPKFCFGU
OQPVCFCUGPFGRÉUKVQ&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉPFGNNGPCFQFG
CEGKVG
(% WPCXWGNVC
2CTCKPHQTOCTUGUQDTGGNGORNC\COKGPVQFGNQUEQORQPGPVGUEQPUWNVGNCU
UGEEKQPGU
Ő +PVTQFWEEKÉP
Ő 5KUVGOCFGEQPFGPUCFQ
Ő #TTCPSWGKPKEKCN
#DTC[DNQSWGGGNKPVGTTWRVQTUGRCTCFQT
.CX±NXWNCFGUCNKFCFGCKTGRWGFGUGTDNQSWGCFCFWTCPVGGNOCPVGPKOKGPVQQ
TGRCTCEKQPGUFGNCOCPGTCUKIWKGPVG
Ő %KGTTGNCX±NXWNC
Ő 'ZVTCKICGNVQTPKNNQSWGUWLGVCGNOCPIQEQPNCNNCXGSWGUGGPVTGICEQPGN
EQORTGUQT
Ő .GXCPVGGNOCPIQ[IÃTGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC
X±NXWNCGPECLGGPNCTCPWTCFGNOCPIQ
Ő +PUVCNGGNVQTPKNNQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

(CNNQU[UQNWEKQPGU
'PEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+UKGN.'&FGCNCTOCGUV±GPEGPFKFQQRCTRCFGC
EQPUWNVGNCUGEEKÉP#XKUQFGRCTCFCFGCNCTOC

 %QPFKEKÉP (CNNQ 5QNWEKÉP


'NEQORTGUQTUGRQPGGP #XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
OCTEJCRGTQPQECTICFGURW¾U
FGWPRGTÃQFQFGTGVTCUQ
8±NXWNCFGGPVTCFCRGICFCGP *CICSWGUGEQORTWGDGNC
RQUKEKÉPEGTTCFC X±NXWNC
(WICGPVWDQUHNGZKDNGUFGCKTG 4GGORNCEGGNVWDQHNGZKDNG
FGEQPVTQN EQPNCHWIC
(WICGPX±NXWNCFGRTGUKÉP *CICSWGUGEQORTWGDGNC
OÃPKOC
EWCPFQNCTGFFGCKTG X±NXWNC
GUV±FGURTGUWTK\CFC


/CPWCNFGKPUVTWEEKQPGU

 %QPFKEKÉP (CNNQ 5QNWEKÉP


'NEQORTGUQTPQFGUECTICNC #XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
X±NXWNCFGUGIWTKFCFFKURCTC
.CX±NXWNCFGGPVTCFCPQEKGTTC *CICSWGUGEQORTWGDGNC
X±NXWNC

 %QPFKEKÉP (CNNQ 5QNWEKÉP


'NUGRCTCFQTFGEQPFGPUCFQPQ 6WDQHNGZKDNGFGFGUECTIC %QORTWGDG[TGRCTGUGIÐP
FGUECTICEQPFGPUCFQFWTCPVG CVCUECFQ UGCPGEGUCTKQ
NCECTIC
'PWPKFCFGU2CEMNCX±NXWNCFG 'ZVTCKICGNEQPLWPVQFGNC
HNQVCFQTHWPEKQPCOCN X±NXWNCFGHNQVCFQTNKORKG[
EQORTW¾DGNQ
'PWPKFCFGU(WNN(GCVWTGGN 2WNUGGNDQVÉPFGRTWGDC
FKURQUKVKXQGNGEVTÉPKEQFG TGGORN±EGNQUKGUPGEGUCTKQ
FTGPCLGHWPEKQPCOCN

 %QPFKEKÉP (CNNQ 5QNWEKÉP


.CUCNKFCFGCKTGFGNEQORTGUQT 'NEQPUWOQFGCKTGGZEGFGGN %QORTWGDGGNGSWKRQ
QNCRTGUKÉPGUKPHGTKQTCNQ UWOKPKUVTQFGNEQORTGUQT EQPGEVCFQ
PQTOCN
'NGOGPVQHKNVTCPVGCKTGQDUVTWKFQ %CODKGGNGNGOGPVQHKNVTCPVG
#XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
(WICGPVWDQUHNGZKDNGUFGCKTG 4GGORNCEGNQUVWDQU
FGEQPVTQN HNGZKDNGUEQPHWICU
.CX±NXWNCFGGPVTCFCPQUG *CICSWGUGEQORTWGDGNC
CDTGEQORNGVCOGPVG X±NXWNC
5GRCTCFQTFGCEGKVGQDUVTWKFQ 4GGORNCEGGNUGRCTCFQTFG
CEGKVG
(WICUFGCKTG *CICSWGTGRCTGPNCUHWICU
.CX±NXWNCFGUGIWTKFCFVKGPG 5WUVKVW[CNCX±NXWNC
HWICU
#XGTKCFQGNGNGOGPVQ %QPUWNVGC#VNCU%QREQ
EQORTGUQT

 %QPFKEKÉP (CNNQ 5QNWEKÉP


%QPUWOQGZEGUKXQFGCEGKVG #EGKVGKPEQTTGEVQRTQFWEG %CODKGCCEGKVGEQTTGEVQ
CTTCUVTGFGCEGKVGRQTNCNÃPGCFG GURWOC
FGUECTIC
&GHGEVWQUQGNUGRCTCFQTFG %QORTWGDGGNUGRCTCFQT
CEGKVG 4GGORNCEGUKGUPGEGUCTKQ
/CNHWPEKQPCOKGPVQFGNCNÃPGC 4GGORNCEGNCX±NXWNC
FGDCTTKFQ CPVKTTGVQTPQFGNCNÃPGCFG
DCTTKFQ


/CPWCNFGKPUVTWEEKQPGU

 %QPFKEKÉP (CNNQ 5QNWEKÉP


.CX±NXWNCFGUGIWTKFCFFKURCTC #XGTÃCFGNCX±NXWNCFGGPVTCFC *CICSWGUGEQORTWGDGNC
FGURW¾UFGECTICT X±NXWNC
#XGTÃCFGNCX±NXWNCFGRTGUKÉP *CICSWGUGEQORTWGDGNC
OÃPKOC X±NXWNC
#XGTKCFCNCX±NXWNCFG 5WUVKVW[CNCX±NXWNC
UGIWTKFCF
#XGTKCFQGNGNGOGPVQ %QPUWNVGC#VNCU%QREQ
EQORTGUQT
#VCUECFQGNGNGOGPVQUGRCTCFQT 4GGORNCEGGNUGRCTCFQTFG
FGCEGKVG CEGKVG

 %QPFKEKÉP (CNNQ 5QNWEKÉP


6GORGTCVWTCFGUCNKFCFGN 0KXGNFGCEGKVGFGOCUKCFQDCLQ %QORTWGDG[EQTTKLC
GNGOGPVQEQORTGUQTQFGNCKTG
FGUWOKPKUVTQUWRGTKQTCNQ
PQTOCN
'PEQORTGUQTGUTGHTKIGTCFQU $WUSWGNCTGUVTKEEKÉPFGNCKTG
RQTCKTGCKTGFGTGHTKIGTCEKÉP FGTGHTKIGTCEKÉPQOGLQTGNC
KPUWHKEKGPVGQFGOCUKCFQCNVCNC XGPVKNCEKÉPFGNCUCNC'XKVG
VGORGTCVWTCFGNOKUOQ NCTGEKTEWNCEKÉPFGNCKTGFG
TGHTKIGTCEKÉP5KUGJCNNC
KPUVCNCFQWPXGPVKNCFQTGPNC
UCNCFGNEQORTGUQT
EQORTWGDGUWECRCEKFCF
#VCUECFQGNTGHTKIGTCFQTFG .KORKGGNTGHTKIGTCFQT
CEGKVG
/CNHWPEKQPCOKGPVQFGNC *CICSWGUGRTWGDGNC
X±NXWNCFGFGTKXCEKÉP X±NXWNC
4GHTKIGTCFQTFGCKTGQDVWTCFQ .KORKGGNTGHTKIGTCFQT
#XGTKCFQGNGNGOGPVQ %QPUWNVGCN%GPVTQFG
EQORTGUQT 5GTXKEKQC%NKGPVGUFG#VNCU
%QREQ


/CPWCNFGKPUVTWEEKQPGU

 &CVQUV¾EPKEQU

 +PFKECEKQPGUGPGNFKURNC[

&KURNC[FGNTGIWNCFQT'NGMVTQPKMQP

4GIWNCFQT'NGMVTQPKMQP+

+ORQTVCPVG

.CUNGEVWTCUOGPEKQPCFCUCPVGTKQTOGPVGUQPX±NKFCUDCLQNCUEQPFKEKQPGUFG
TGHGTGPEKC
X¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU 

4GHGTGPEKC .GEVWTC
2TGUKÉPFGUCNKFCFG (NWEVÐCGPVTGNCURTGUKQPGUFGFGUECTIC[ECTICRTQITCOCFCU
CKTG
6GORGTCVWTCFGUCNKFC 2CTC)#C)#u%
u( UQDTGNCVGORGTCVWTCFGNCKTGFG
FGNGNGOGPVQ TGHTKIGTCEKÉP
EQORTGUQT
6GORGTCVWTCFGNRWPVQ 2CTC)#C)#EQPUWNVGNCUGEEKÉP&CVQUFGNEQORTGUQTRCTC)#C
FGTQEÃQ )#

 6COCÇQFGECDNGUGN¾EVTKEQU

#VGPEKÉP

.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPO±UGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU
CDCLQ
.CECÃFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC
PGEGUCTKQWVKNK\CTECDNGUFGVCOCÇQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
GUVCGZKIGPEKC


/CPWCNFGKPUVTWEEKQPGU

6COCÇQFGECDNGU

)# )# )#


(TGEWGPEKC 8QNVCLG 6COCÇQFG 6COCÇQFG 6COCÇQFG
*\
8 ECDNGU ECDNGU ECDNGU
+'% 'UVTGNNCVTK±PIWNQ OO OO OO
    
    
    
    
    
%5#7. 'UVTGNNCVTK±PIWNQ #9) #9) #9)
    
    
    
    

 #LWUVGUFGTGN¾FGUQDTGECTIC[HWUKDNGU

4GN¾FGUQDTGECTIC[HWUKDNGU

)# )# )# )# )# )#


(TGEWGPEK 8QNVCLG 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU
C
*\
8 UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU
(
# UWOKPKUVTQ (
# UWOKPKUVTQ (
# UWOKPKUVTQ
FGN FGN FGN
EQORTGUQT EQORTGUQT EQORTGUQT

#
#
#
+'% 'UVTGNNC I.I) I.I) I.I)
VTK±PIWNQ
       
       
       
       
       
%5#7. 'UVTGNNC %5#7. %5#7. %5#7.
VTK±PIWNQ
       
       
       
       


/CPWCNFGKPUVTWEEKQPGU

 +PVGTTWRVQTGUFGNUGECFQT
+(&

)GPGTCNKFCFGU
.QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUV±PCLWUVCFQUGPH±DTKECRCTCQDVGPGTGNO±ZKOQ
TGPFKOKGPVQFGNUGECFQT
5GRTQJÃDGCNVGTCTGNCLWUVGFGFKEJQUFKURQUKVKXQU

 %QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU

%QPFKEKQPGUFGTGHGTGPEKC

2TGUKÉP
CDUQNWVC FGGPVTCFCFGCKTG DCT 
2TGUKÉP
CDUQNWVC FGGPVTCFCFGCKTG RUK 
6GORGTCVWTCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCFGGPVTCFCFGCKTG u( 
*WOGFCFTGNCVKXC  
2TGUKÉPFGVTCDCLQRCTC)#CN)# %QPUWNVGNCUGEEKÉP&CVQUFGN
EQORTGUQTRCTC)#C)#

.ÃOKVGU

2TGUKÉPO±ZKOCFGVTCDCLQRCTC)#CN)# %QPUWNVGNCUGEEKÉP&CVQUFGN
EQORTGUQTRCTC)#C)#
2TGUKÉPOÃPKOCFGVTCDCLQ DCT
G 
2TGUKÉPOÃPKOCFGVTCDCLQ RUKI 
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG u( 
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG u( 

 &CVQUFGNEQORTGUQTRCTC)#C)#

%QPFKEKQPGUFGTGHGTGPEKC

6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKÉPUGCRNKECPDCLQEQPFKEKQPGUFG
TGHGTGPEKCX¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU


/CPWCNFGKPUVTWEEKQPGU

)#

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC 
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC 
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ WPKFCFGU
(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ WPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG 
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG 
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
(WNN(GCVWTG

EQPHQTOGC+51



)#

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC 
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC 
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ WPKFCFGU
(WNN(GCVWTG
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ WPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG 
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG 
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
(WNN(GCVWTG

EQPHQTOGC+51




/CPWCNFGKPUVTWEEKQPGU

)#

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC 
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC 
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ WPKFCFGU
(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ WPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC 
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG 
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    


GU RUK RUK RUK RUK
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG 
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
(WNN(GCVWTG

EQPHQTOGC+51




/CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGURCTCGNWUQFGNFGRÉUKVQFGCKTG

 +PUVTWEEKQPGUFGWUQ

+PUVTWEEKQPGU

 'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN
SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
 'UVGTGEKRKGPVGUGWUCT±ÐPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG
[HWPEKQPCT±FGPVTQFGNQUNÃOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
 0QFGDGTGCNK\CTPKPIWPCOQFKHKECEKÉPGPGUVGTGEKRKGPVGPKUQNFCPFQPKVCNCFTCPFQPK
RQTPKPIÐPQVTQO¾VQFQOGE±PKEQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
 5GKPFKECT±PENCTCOGPVGNCRTGUKÉP[VGORGTCVWTCFGGUVGTGEKRKGPVG
 .CX±NXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTCPUKVQTKQUFGRTGUKÉPFG
XGEGUNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQ&GDGICTCPVK\CTSWGNCRTGUKÉPPQ
GZEGFGT±RGTOCPGPVGOGPVGNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
 7VKNKEGUÉNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKECPVG
 2QTNQVCPVQPQJC[PGEGUKFCFKPVTÃPUGECFGTGCNK\CTKPURGEEKQPGUKPVGTOGFKCUFGN
TGEKRKGPVGUK¾UVGUGWVKNK\CFGPVTQFGNQUNÃOKVGUFGFKUGÇQ[RCTCNQUHKPGUFGWUQRCTC
NQUSWGUGJCRTGXKUVQ

2CTCWPKFCFGUOQPVCFCUGPFGRÉUKVQCFGO±U

 &GDGGXKVCTUGNCEQTTQUKÉPGPEQPFKEKQPGUFGWUQ2WGFGCEWOWNCTUGEQPFGPUCEKÉPGP
GNKPVGTKQTFGNFGRÉUKVQ[¾UVGFGDGFTGPCTUGECFCFÃC'UVGRTQEGUQRWGFGTGCNK\CTUG
OCPWCNOGPVGCDTKGPFQNCX±NXWNCFGFTGPCLGQDKGPOGFKCPVGFTGPCLGCWVQO±VKEQUK
GUV±KPUVCNCFQ


/CPWCNFGKPUVTWEEKQPGU

 2'&

 &KTGEVKXCUUQDTGGSWKRQUCRTGUKÉP

%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'UWRGTKQTGUQGSWKXCNGPVGUCNC
ECVGIQTÃC++

6KRQFGEQORTGUQT 0ÐOGTQFGRKG\C &GUETKREKÉP %NCUGFG2'&


)#C)#  8±NXWNCFGUGIWTKFCF +8
 8±NXWNCFGUGIWTKFCF +8
 8±NXWNCFGUGIWTKFCF +8
 8±NXWNCFGUGIWTKFCF +8

%NCUKHKECEKÉPIGPGTCN
2CTC)#C)#NQUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP
2'& RCTCGSWKRQU
EQPWPCECVGIQTÃCKPHGTKQTCNC%CVGIQTÃC++


GA 15, GA 18, GA 22

Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra
convicción de que sólo podremos destacar en lo que
hacemos si ofrecemos la mejor experiencia tecnológica
posible para ayudar realmente a nuestros clientes a
producir, crecer y triunfar.

Sólo hay una forma de conseguirlo – nosotros lo


llamamos simplemente el estilo Atlas Copco. Se basa en
la interacción, las relaciones a largo plazo y la
participación en los procesos, necesidades y objetivos de
los clientes. Significa que debemos ser flexibles para
adaptarnos a los variados requisitos de las personas que
confían en nosotros.

El compromiso con el negocio de nuestros clientes


dirige nuestro esfuerzo para aumentar su productividad
mediante mejores soluciones. Un compromiso que
comienza prestando pleno apoyo a los productos
existentes y mejorando las cosas continuamente. Pero no
nos detenemos aquí, concebimos y realizamos avances
tecnológicos a través de la innovación. No por simple
amor a la tecnología, sino pensando en los resultados y
en la tranquilidad de nuestros clientes.

Así es como Atlas Copco se esforzará por seguir siendo


la primera elección, atraer nuevos negocios y mantener
nuestra posición como líder de la industria.

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