ENM 0009-12 SEMANA 1 by Argo Internet

(10 2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

)81d®2 3(1 '5,9(

03 &RE\ *% 03 *% 90 7HFK

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

5iGLR )0 'LPHQVmR GR GLVSOD\ )RUPDWRV FRPSDWtYHLV 03 :0$ /X] GH IXQGR &RQH[mR 86% $OLPHQWDomR EDWHULD UHFDUUHJiYHO $XWRQRPLD DSUR[LPDGD K 'LVSRQtYHO WDPEpP QDV FRUHV SUHWR H D]XO

.LW $QWHQD 3DUDEyOLFD +RW 6DW 0 +6 $QWHQD ([WHUQD $TXiULR '79

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

6XSRUWH 3 7Y (OJ $UWLFXODGR 9HVD $ 9

*DUDQWLD GR IDEULFDQWH DQR ,QVWDODomR SDUHGH SDLQHO 3DUD 7Y GH /&' /(' 3ODVPD 7DPDQKR PtQLPR µ $ 9LVWD 5 [ [ 5 VHP MXURV 7DPDQKR Pi[LPR µ 2X [ [ 5 7LSR GH IXUDomR 9HVD ,QFOLQDomR KRUL]RQWDO YHUWLFDO 7RWDO D SUD]R 5

5HFHSomR FDQDLV 9+) 8+) +'79 5HFHSomR )0 7LSR GH FDER FRD[LDO (QJORED FDQDLV GH D 8VR H[WHUQR

*DUDQWLD GR IDEULFDQWH DQR $QWHQD 5HFHSWRU /1%) &DERV &RQHFWRUHV 'LkPHWUR P

&2035$ 3527(*,'$

:, ),

(175$'$

86%

(175$'$

86%

5(352'8= .$5$2.( $12 5

$SDUHOKR '9' 7HFWR\ /&' & 7HOD 7

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

DQWLD

*DU 75$

(;

$12 5 $126 5

*DUDQWLD GR IDEULFDQWH DQR 5HJLmR WRGDV =RRP 'ROE\ 'LJLWDO &RQWUROH UHPRWR 5HSURGX] '9' 5 '9' 5: 5HSURGX] 03 IRWR FG 5HSURGX] &' &' 5 5: /LQKDV GH UHVROXomR

$12 5

$SDUHOKR %OX 5D\ 6RQ\ ' %'3 6

DQWLD

*DU 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR 5HJLmR %OX UD\ $ '9' 0tGLD &RPSDW %' 520 %' 5 5( (QWUDGD (WKHUQHW 6DtGD +'0, FRPSRQHQWH $FHVVyULRV &DER +'0, &RQVXPR XVR VWE\ : :

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR 5HJLmR $ )RUPDWR FRPS %' '9' &' 0tGLD FRPS $9&+' ',9; +' 0.9 '/1$ %' OLYH (QWUDGD 6' FDUG VORW 6DtGD +'0, YtGHR FRPSRVWR $FHVVyULR FDER +'0,

$SDUHOKR %OX 5D\ 3OD\HU 3DQDVRQLF '03%' /%.

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 0(*$3,;(/6

'(7(&725 '( )$&( ( 6255,62

'(7(&725 )$&(

'(7(&725 '( &(1$ ,17(/,*(17(

0(*$3,;(/6 '(7(&725 )$&( ( 6255,62

(035(6$ 5(63216É9(/

0(0Ð5,$ ,17(51$ *%

)LOPDGRUD 6DPVXQJ )ODVK ) %1 37

$12 5

WLD *DUDQ

(;75

7LSR PtGLD IODVK 6' $ 9LVWD 5 ÇQJXOR GD OHQWH [ [ 5 VHP MXURV 0DUFD GD OHQWH VFKQHLGHU RX HQWUDGD 5 =RRP GLJLWDO ySWLFR [ [ [ 5 7HPSR GD EDWHULD HP XVR DWp K 7RWDO D SUD]R 5 (VWDELOL]DGRU GH LPDJHP (QWUDGDV V YtGHR 5&$ *DUDQWLD GR IDEULFDQWH DQR 6DtGDV 86% YtGHR FRPSRVWR

352-(725 ,17(*5$'2 &2035$ 3527(*,'$

D QWH U

$QRV

WLD

=RRP ySWLFR GLJLWDO [ [ 6HQVLELOLGDGH PD[ ,62 0iTXLQD )RWRJUiILFD 6RQ\ 0tGLD FRPS PD[ 06 6' *% 'LJLWDO 0S[ '6& : 3 56 *UDY FRP iXGLR 0RGRV GH FHQD PDFUR FP $ 9LVWD 5 (VWDELOL]DGRU GLJLWDO [ [ 5 VHP MXURV 0DUFD GD OHQWH 6RQ\ RX HQWUDGD 5 $OLP FDSDF EDWHULD IRWRV [ 5 'LVSRQtYHO WDPEpP QDV FRUHV 7RWDO D SUD]R 5 SUHWR D]XO H SUDWD G R )D E

&2035$ 3527(*,'$

)81d®2 0É4 )272*5É),&$

* DUD

0iTXLQD )RWRJUiILFD *DUDQWLD GR IDEULFDQWH DQR 6DPVXQJ 'LJLWDO 0S[ (6 52 =RRP ySWLFR GLJLWDO [ [ 6HQVLELOLGDGH PD[ ,62 0tGLD FRPS PD[ 6' *% $ 9LVWD 5 *UDY FRP iXGLR [ [ 5 VHP MXURV 0RGRV GH FHQD PDFUR FP RX HQWUDGD 5 (VWDELOL]DGRU GLJLWDO [ 5 0DUFD GD OHQWH 6DPVXQJ PP 7RWDO D SUD]R 5 'LVSRQtYHO WDPEpP QDV FRUHV &2035$ 3527(*,'$ 5 SUDWD H SUHWR *DUDQWLD GR IDEULFDQWH DQR

$QRV

WLD

D QWH

'(7(&725 &(1$ ,17(/,*(17( * DUD

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

0(*$3,;(/6

G R )D E

0iTXLQD )RWRJUiILFD 6RQ\ 'LJLWDO 0S[ ' '6& :; / $=

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

=RRP ySWLFR GLJLWDO [ [ 6HQVLELOLGDGH PD[ ,62 0tGLD FRPS PD[ 0HP 6WLFN *% 0RGRV GH FHQD PDFUR FP (VWDELOL]DGRU ySWLFR 0DUFD GD OHQWH &DUO =HLVV 0HP LQWHUQD 0% $OLP FDSDF EDWHULD IRWRV $FRPSDQKD FDER YtGHR 'LVSRQtYHO WDPEpP QD FRU SUHWR

)81d®2 0É4 )272*5É),&$

)LOPDGRUD 6RQ\ & 3URMHWRU '&5 3- 37

$12 5

WLD *DUDQ 75$

(;

7LSR PtGLD 0HPRU\ 6WLFN 6' 0DUFD GD OHQWH /HQWH 6RQ\ $ 9LVWD 5 &DUWmR GH PHPyULD GH *% [ [ 5 VHP MXURV =RRP GLJLWDO ySWLFR [ RX HQWUDGD 5 7HPSR GD EDWHULD HP XVR P [ 5 (VWDELOL]DGRU GH LPDJHP 7RWDO D SUD]R 5 (QWUDGDV iXGLR YtGHR 6DtGDV 86% *DUDQWLD GR IDEULFDQWH DQR $FHVVyULRV FDER $9 FDER 86%

(P D %HPRO IRL SHOR Ý DQR FRQVHFXWLYR D HPSUHVD FRPHUFLDO TXH PDLV ,&06 DUUHFDGRX SDUD R $PD]RQDV

( OHWU{QLFRV

+RPH 7KHDWHU 6DPVXQJ +7 ' . ='

(175$'$

86%

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

327È1&,$ 727$/ 327È1&,$ 727$/ 506 :

(175$'$

(175$'$ 3$5$

86%

327È1&,$ 727$/ 506 :

0,&52)21(

&2035$ 3527(*,'$

&$,;$6

*DUDQWLD GR IDEULFDQWH DQR 'LYLVmR VRQRUD FDQDLV 'HFRGHU 'ROE\ 'LJLWDO '76 '9' LQWHJUDGR 5iGLR $0 )0 &RQWUROH UHPRWR

(175$'$

86%

$12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

0LQL 6\VWHP 3DQDVRQLF 6& $.; /% .

$12 5

WLD *DUDQ

(;75

$126 5

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR $ 9LVWD 5 &DSDFLGDGH SDUD &' [ [ 5 VHP MXURV 5HSURGXomR 03 &' 5 &' 5: 5DGLR $0 )0 RX HQWUDGD 5 &RQWUROH UHPRWR [ 5 &RQVXPR PD[ .: K : 7RWDO D SUD]R 5

&2035$ 3527(*,'$

+RPH 7KHDWHU /* .DUDRNH 86% +7 68

WLD *DUDQ

(;75

$126 5

+RPH 7KHDWHU 6RQ\ & %OX 5D\ ' %'9 (

3RWrQFLD WRWDO 506 : '9' LQWHJUDGR 'LYLVmR VRQRUD &+ 'HFRGHU 'ROE\ 'LJLWDO 5iGLR $0 )0 3URJUHVVLYH 6FDQ &RQWUROH UHPRWR

*DUDQWLD GR IDEULFDQWH DQR

$12 5

DQWLD

*DU 75$

(;

$126 5

327È1&,$ 727$/ 506 :

(175$'$

*DUDQWLD GR IDEULFDQWH DQR (QWUDGD +'0, L3RG L3KRQH 6DtGD +'0, 'HFRGHU 'ROE\ 'LJLWDO '76 '9' LQWHJUDGR 'LYLVmR VRQRUD FDQDLV 5iGLR $0 )0

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

86%

&$,;$6 5(352'8d®2 %/8 5$< ( ,0$*(0 '

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ (175$'$

+'0,

'79

(175$'$6

/&'

)8// +' /&' /('

+'0,

(175$'$

(175$'$6

+'0,

/&'

&219(5625 ',*,7$/ ,17(*5$'2

/&'

&219(5625 ',*,7$/ ,17(*5$'2

&2035$ 3527(*,'$

5 $12 5

WLD *DUDQ 75$

(;

&2035$ 3527(*,'$

$126 5

79 6DPVXQJ /&' /1 ' * *;='

0RQLWRU 79 /* 7HPSR GH UHVSRVWD 06 /&' /(' )+' '79 0 37 0XOWLPtGLD HPEXWLGR (QWUDGD ' 6XE $ 9LVWD 5 %DVH UHJXOiYHO [ [ 5 VHP MXURV %ULOKR FG P &RPSDWLELOLGDGH :LQ ;3 9LVWD *DUDQWLD GR IDEULFDQWH DQR &RQVXPR GH HQHUJLD :

$12 5

WLD *DUDQ

(;75

$126 5

7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% $ 9LVWD 5 6DtGDV ySWLFD FRD[LDO [ [ 5 VHP MXURV 3RWrQFLD GR iXGLR : 506 )UHTXrQFLD +] *DUDQWLD GR IDEULFDQWH DQR &RQVXPR XVR VWE\ : K : K

&2035$ 3527(*,'$

5 $12 5

79 6DPVXQJ /&' /1 ' ( *;='

DQWLD

*DU 75$

(;

$126 5

7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% $ 9LVWD 5 6DtGDV ySWLFD [ [ 5 VHP MXURV 3RWrQFLD GR iXGLR : 506 )UHTXrQFLD +] *DUDQWLD GR IDEULFDQWH DQR &RQVXPR XVR VWE\ : K : K

5 D

WL $126 79 3DQDVRQLF $12 *(DU;DQ 75$ 5 5 /&' 7& / & % (QWUDGDV 3& 6' 86% 6DtGDV ySWLFD DQDOyJLFD $ 9LVWD 5 [ [ 5 VHP MXURV 3RWrQFLD GR iXGLR : 506 )UHT rQFLD +] &RQVXPR XVR VWE\ *DUDQWLD GR IDEULFDQWH DQR : K : K 7HPSR GH UHVSRVWD 06

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

506 : )81d®2 .$5$2.(

&2035$ 3527(*,'$

+'0,

(;

79 /* /&' '79 /.

$ 9LVWD 5 [ [ 5 VHP MXURV

&219(5625 ',*,7$/ ,17(*5$'2

$126 5

*DUDQWLD GR IDEULFDQWH DQR 7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV GLJLWDO ySWLFR

3RWrQFLD GR iXGLR : 506 )UHTXrQFLD +] &RQVXPR XVR VWE\ : K : K

/(' &219(5625 ',*,7$/ ,17(*5$'2

79 /* /&' /(' '79 ,36 /9

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR

$12 5

WLD *DUDQ 75$

(;

$126 5

7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV GLJLWDO ySWLFD

(VSHVVXUD PP VHP EDVH

'LIHUHQFLDO 6PDUW (QHUJ\ 6DYLQJ &RQVXPR XVR VWE\ : :

79 3DQDVRQLF /&' /(' +' 7& / ; %

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR

$12 5

WLD *DUDQ 75$

(;

$126 5

7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV iXGLR ySWLFR DQDOyJLFR 3RWrQFLD GR iXGLR : 506 )UHT rQFLD +] &RQVXPR XVR VWE\ : K : K

&2035$ 3527(*,'$

+'0,

(175$'$6

+'0, (175$'$6

)8// +'

/('

79 6DPVXQJ /(' )+' 81 ' 3*;='

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR

621(*$5 e &5,0(

WLD

*DUDQ

(;75

$126 5

7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV ySWLFD FRD[LDO 3RWrQFLD GR iXGLR : 506 )UHTXrQFLD +] &RQVXPR XVR VWE\ : K : K

/&'

)8// +'

'79 /&'

&219(5625 ',*,7$/ ,17(*5$'2

&219(5625 ',*,7$/ ,17(*5$'2 $12 5

(175$'$6

$12 5

79 3DQDVRQLF /&' )+' 7& / 8 %

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR

WLD *DUDQ 75$

(;

$126 5

7HPSR GH UHVSRVWD 06 (QWUDGDV 3& 86% 6' 6DtGDV ySWLFDV DQDOyJLFD 3RWrQFLD GR iXGLR : 506 )UHT rQFLD +] &RQVXPR XVR VWE\ : K :

$12 5

WLD *DUDQ 75$

(;

$126 5

&219(5625 ',*,7$/ ,17(*5$'2

*DUDQWLD GR IDEULFDQWH DQR 7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV GLJLWDO ySWLFR

3RWrQFLD GR iXGLR : 506 $ 9LVWD 5 )UHT rQFLD +] [ [ 5 VHP MXURV &RQVXPR XVR VWE\ : K : K 79 /* /&' '79 )+' /.

2 FLGDGmR FRQVFLHQWH H[LJH 1RWD )LVFDO QDV VXDV FRPSUDV SRLV VDEH TXH R (VWDGR GHSHQGH GD DUUHFDGDomR SDUD PHOKRUDU D VD~GH D HGXFDomR H D VHJXUDQoD

)RWRV PHUDPHQWH LOXVWUDWLYDV

WLD *DUDQ 75$

(175$'$6

/&' /('

&219(5625 ',*,7$/ ,17(*5$'2 $12 5

+'0,

'79

'79 /&'

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

(175$'$6

( QWUHWHQLPHQWR

'9'V

&'V

'9' 2 6ROR 'H $QJHOLQD 5

'9' *XVWDYR /LPD ( 9RFr $R 9LYR 5

%OX 5D\ 2 *XDUGD &RVWDV 5

%OX 5D\ $PDQKHFHU 3DUWH 5

'9' 2V 3LQJXLQV 'H 0DGDJDVFDU 2SHUDomR 5

'9' &OLSHV 0. 9RO 5

'9' 3DVVLRQH 5

'9' 2 4XLQWDO 'R 3DJRGLQKR $R 9LYR 5

'9' (QVDLR 'H &RUHV $QD &DUROLQD 5

'9' &OXEH 'DV 0XOKHUHV 5

'9' &RPR *DQKDU 6HX &RUDomR 5

'9' 5REHUWR &DUORV (P -HUXVDOpP 5

'9' *DWR 'H %RWDV 5

&; '9'6 %DFN\DUGLJDQV 0XQGR 1R 4XLQWDO 5

'9' 1RLWH 'H $QR 1RYR 5

'9' +DSS\ )HHW 5

'9' 2V 0XSSHWV 5

&; '9'6 $PDQKHFHU 3DUWH 5

&' $EtOLR )DULDV *UDQGHV 6XFHVVRV 5

&' 66 'H %DU]LQKR (ODV 5

&' 66 %HQLWR 'L 3DXOD 5

&' 66 3KROKDV 5

&' $EtOLR ,QWHUSUHWD :DOGLFN 6RULDQR 5

&' 66 -HVVp 5

&' 66 :DOGLFN 6RULDQR 5

&' /HR 0DJDOKmHV &' &DSULFKRVR 1RVVR &DVDPHQWR 5 5

&' 0mH (X 7H $PR &RP 9RO 5

&' 9RLFHV 3DUD 6HPSUH 5

&' 0LFKHOH 1DVFLPHQWR /RXYH ( $GRUH 5

&' 6DPER 5

&' 2 4XLQWDO 'R 3DJRGLQKR $R 9LYR 5

&' 1LFNL 0LQDM 3LQN )ULGD\ 5RPDQ 5HORDGHG 5

&' 0DULD *DG~ 0DLV 8PD 3DJLQD 5

&; &'6 0DGRQQD 0'1$ 5

/,9526

'9' 2 &DVDPHQWR 'H 0XULHO 5

3É*,1$6

/LYUR 0mHV &RQILDQWHV )LOKRV 5HDOL]DGRV &DWKHULQH +LFNHP 5

3É*,1$6

/LYUR 0XOKHUHV ,QWHOLJHQWHV 5HODo}HV 6DXGiYHLV $XJXVWR &XU\ 5

2 OLYUR DERUGD WLSRV GH PXOKHUHV DV REVHU YDGRUDV DV DQDOtWLFDV DV PXOKHUHV FDVXORV GHQWUH RXWUDV WUD]HQGR R ODGR SRVLWLYR H QHJDWLYR GH FDGD FRPSRUWDPHQWR 2 DXWRU DILUPD TXH p QHFHVViULD D LGHQWLILFDomR GR WLSR GH PXOKHU TXH FDGD XPD p SHUPLWLQGR XPD UHIOH[mR SRQGHUDGD H XP WUDEDOKR GH PXGDQoD DOpP GD QHFHVVLGDGH GH HOD UHFRQKHFHU VHX UHDO YDORU VH YDORUL]DQGR GHL[DQGR D FXOSD H D DXWRSXQLomR GH ODGR

3É*,1$6

/,952 0mHV 4XH 0XGDUDP 2 0XQGR

/LYUR e 7XGR 7mR 6LPSOHV 'DQX]D /HmR 5

'H 5

&RP DQRV GH H[SHULrQFLD QR FDPSR GD PDWHUQLGDGH D SVLFRWHUDSHXWD &DWK HULQH +LFNHP DSUHVHQWD SULQFtSLRV SDUD FRQVHJXLU XP UHODFLRQDPHQWR VDXGiYHO FRP RV ILOKRV H S{U HP SUiWLFD XPD FUL DomR UHDOPHQWH HILFD] QD TXDO DV FULDQoDV SRVVDP FRQVWUXLU D VD~GH HPRFLRQDO SDUD VH WUDQVIRUPDUHP HP DGXOWRV FRQILDQWHV HTXLOLEUDGRV H VHJXURV

&; &'6 5REHUWR &DUORV (P -HUXVDOpP 5

3É*,1$6

/LYUR ÉJDSH 3H 0DUFHOR 5RVVL 5

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

'9' 2 6LQDO 'H 'HXV 5

3RU 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

'9' 'HXV ([LVWH 5

%/8 5$<

5HSURGXomR VRPHQWH HP DSDUHOKRV FRP WHFQRORJLD %OX 5D\

3É*,1$6

(P VHX OLYUR ÉJDSH FRP SUHIiFLR GH *DEULHO &KDOLWD R VDFHUGRWH FDWyOLFR WHFH VXDV UHIOH[}HV VREUH SDVVDJHQV GR (YDQJHOKR GH VmR -RmR H FRQYLGD R OHLWRU D HQYHUHGDU SRU LQVSLUDGDV RUDo}HV 2V GL FLRQiULRV GHILQHP D SDODYUD iJDSH FRPR D UHIHLomR SURPRYLGD SHORV SULPLWLYRV FULVWmRV D ILP GH FHOHEUDU R ULWR HXFDUtVWLFR

2 PXQGR GHX PXLWDV YROWDV GHVGH TXH 'DQX]D /HmR HVFUHYHX VHX SULPHLUR OLYUR 1D VDOD FRP 'DQX]D $JRUD DQRV GH SRLV D FROXQLVWD IDOD FRP DTXHOH FKDUPH TXH OKH p SHFXOLDU VREUH HWLTXHWD SyV LQWHUQHW URPDQFH SyV FHOXODU H RXWUDV SyV PRGHUQLGDGHV

1HVWH OLYUR YRFr YDL FRQKHFHU DOJXQV VHJUHGRV GH PmHV TXH UHDOPHQWH ID]HP D GLIHUHQoD H VDEHU TXH HODV HQVLQDP VHXV ILOKRV D GDUHP R PHOKRU GH VL HVWmR GLVSRVWDV D HQFRUDMDU H SDUWLFLSDU GR GHVHQYROYLPHQWR FULDWLYR GHOHV H SURFXUDP IRUMDU R FDUiWHU GRV ILOKRV

&5(',É5,2 35Ð35,2 )/(;Ì9(/ ( 3(5621$/,=$'2

& HOXODUHV

&+,36

'(6%/248($'2

'(6%/248($'2 3$5$ 2, &/$52 ( 7,0

&+,36

Â&#x2021; 6XSRUWH SDUD GRLV FKLSV Â&#x2021; 03 SOD\HU H UiGLR )0 Â&#x2021; (QWUDGD SDUD FDUWmR DWp *% Â&#x2021; /DQWHUQD WLD *DUDQ 75$

(;

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV

Â&#x2021; &kPHUD 9*$ Â&#x2021; 03 SOD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )RQH RXYLGR

Â&#x2021; &kPHUD GLJLWDO Â&#x2021; 03 SOD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; )RQH RXYLGR

$12 5

&2035$ 3527(*,'$

WLD *DUDQ 75$

(;

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV

$12 5

&2035$ 3527(*,'$

WLD *DUDQ 75$

(;

Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 SOD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK Â&#x2021; 7HFQRORJLD * Â&#x2021; )RQH RXYLGR

&2035$ 3527(*,'$

5 $126 5

$12 5

WLD *DUDQ 75$

(;

&2035$ 3527(*,'$

5 $126 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67Â®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

'(6%/248($'2 3$5$ 2, &/$52 ( 7,0

&+,36

'(6%/248($'2 3$5$ 2, &/$52 ( 7,0

'(6%/248($'2

1RNLD $VKD 'XDO &KLS *)

$12 5

WLD

*DUDQ

(;75

$126 5

Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 3OD\HU 5iGLR )0 $ 9LVWD 5 Â&#x2021; %OXHWRRWK [ [ 5 VHP MXURV Â&#x2021; )RQH RXYLGR

WLD *DUDQ 75$

$12 5

(;

$126 5

$12 5

WLD *DUDQ 75$

(;

$126 5

1RNLD ( &= Â&#x2021; &kPHUD 0S[ Â&#x2021; 03 SOD\HU Â&#x2021; 03 SOD\HU $ 9LVWD 5 Â&#x2021; 5iGLR )0 Â&#x2021; 5iGLR )0 [ [ 5 VHP MXURV Â&#x2021; %OXHWRRWK :L )L *36 &2035$ 3527(*,'$ Â&#x2021; %OXHWRRWK $ 9LVWD 5 Â&#x2021; 7HFQRORJLD * 5 [ [ 5 VHP MXURV Â&#x2021; )RQH RXYLGR Â&#x2021; &kPHUD 0S[ Â&#x2021; )RQH RXYLGR FDER 86% 1RNLD & 'XDO &KLS *)

'(6%/248($'2 3$5$ 2, &/$52 ( 7,0

'(6%/248($'2

1RNLD & &= 35

$12 5

1RNLD /XPLD

WLD *DUDQ 75$

(;

,62

$126 5

'(6%/248($'2

:,1'2:6 3+21(

$126 5

Â&#x2021; ( PDLO FKDWV H DJHQGD LQWHJUDGRV Â&#x2021; 3URFHVVDGRU *+] $ 9LVWD 5 Â&#x2021; 1RNLD GLULJLU [ [ 5 VHP MXURV Â&#x2021; &kPHUD GH 0S[ FRP IODVK Â&#x2021; 0HPyULD LQWHUQD GH *% Â&#x2021; :LQGRZV 3KRQH Â&#x2021; 0DUNHWSODFH

(;

Â&#x2021; 03 SOD\HU Â&#x2021; 5iGLR )0 Â&#x2021; %OXHWRRWK :L )L *36 79 $ 9LVWD 5 [ [ 5 VHP MXURV Â&#x2021; )XQomR PRGHP Â&#x2021; 7HFQRORJLD * Â&#x2021; &kPHUD 0S[ Â&#x2021; *36 FRP 1RNLD 0DSDV

:,1'2:6 3+21( $12 5

WLD *DUDQ 75$

$12 5

WLD *DUDQ 75$

(;

Â&#x2021; $FHVVR D UHGHV VRFLDLV FKDWV H H PDLO Â&#x2021; &kPHUD 0S[ 1RNLD $VKD 35 Â&#x2021; 3URFHVVDGRU *+] Â&#x2021; 03 SOD\HU $ 9LVWD 5 Â&#x2021; %OXHWRRWK :L )L [ [ 5 VHP MXURV Â&#x2021; 7HFQRORJLD *

$12 5

$126 5

WLD *DUDQ 75$

(;

$126 5

Â&#x2021; 03 SOD\HU UiGLR )0 Â&#x2021; 0HPyULD LQWHUQD *% Â&#x2021; %OXHWRRWK :L )L *36 Â&#x2021; )XQomR PRGHP $ 9LVWD 5 [ [ 5 VHP MXURV Â&#x2021; 7HFQRORJLD * Â&#x2021; 3URFHVVDGRU *+] Â&#x2021; .LW FRP FDSDV FRORULGDV Â&#x2021; &kPHUD 0S[ 1RNLD 37

$12 5

WLD *DUDQ 75$

(;

$126 5

1RNLD /XPLD

Â&#x2021; 3URFHVVDGRU *+] Â&#x2021; &kPHUD GH 0S[ FRP OHQWH $ 9LVWD 5 &DUO =HLVV H )ODVK /HG [ [ 5 VHP MXURV Â&#x2021; 0HPyULD LQWHUQD GH *% Â&#x2021; 'LVSOD\ FRP WHFQRORJLD Â&#x2021; :LQGRZV 3KRQH &OHDU %ODFN Â&#x2021; ( PDLO FKDWV H DJHQGD LQWHJUDGRV Â&#x2021;0DUNHWSODFH

35(),5$ 48(0 6( (6)25d$ ',$5,$0(17( 3$5$ 2)(5(&(5 2 0(/+25 $7(1',0(172

2)(57$6 9Ã&#x2030;/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( 2)(57$6 9Ã&#x2030;/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

1RNLD & &=

$ 9LVWD 5 [ [ 5 VHP MXURV

$12 5

1RNLD & 37

1RNLD & 'XDO &KLS 37

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

1RNLD ; 'XDO &KLS 37

)RWRV PHUDPHQWH LOXVWUDWLYDV

'(6%/248($'2 3$5$ 2, &/$52 ( 7,0

( OHWU{QLFRV '9' 3OD\HU 3 $XWR 3LRQHHU '9+ $9 86%

*DUDQWLD GR IDEULFDQWH DQR 5HJLmR (TXDOL]DGRU 5HSURGXomR '9' &' 03 )RUPDWR 'LQ 'RXEOH 'LQ 3DLQHO UHPRYtYHO &RQWUROH UHPRWR 3RWrQFLD : [

(175$'$

86%

(175$'$

$8;,/,$5

(175$'$ 86% ( $8;,/,$5 7(/$ 728&+ 6&5((1

*36

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

'9' 3OD\HU 3 $XWR 3LRQHHU $9+

*DUDQWLD GR IDEULFDQWH DQR 5HJLmR (TXDOL]DGRU 5HSURGXomR '9' &' 03 )RUPDWR 'RXEOH 'LQ (QWUDGD SDUD FkPHUD GH Up &RQWUROH UHPRWR 3RWrQFLD : [

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

&2035$ 3527(*,'$

&DL[D $F~VWLFD )UDKP $PSOLILFDGD 0) 86% 9

'9' 3OD\HU 3 $XWR %RVV -(-$ -&'7 7HFK

(175$'$

86%

*DUDQWLD GR IDEULFDQWH DQR

(175$'$

86%

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD 506 : )DODQWH %DWHULD LQWHUQD &RQWUROH UHPRWR

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ (&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 (

79 3DQDVRQLF /&' /(' )+' 7& / ( %

79 6RQ\ /(' %UDYLD .'/ (; :

$ 9LVWD 5 [ [ 5 VHP MXURV

*DUDQWLD GR IDEULFDQWH DQR 7HPSR GH UHVSRVWD 06 (QWUDGD 86% 6DtGDV ySWLFD DQDOyJLFR IRQH 3RWrQFLD GR iXGLR : 506 )UHTXrQFLD K] &RQVXPR XVR VWE\ : :

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR (QWUDGDV iXGLR DQDOyJLFR 6DtGDV iXGLR GLJLWDO WUDVHLUD

3RWrQFLD GR iXGLR : : 506

+'0, /(' (175$'$6

&219(5625 ',*,7$/ ,17(*5$'2

$12 5

WLD *DUDQ 75$

(;

+'0,

$126 5

(175$'$6

/&' /('

&219(5625 ',*,7$/ ,17(*5$'2

&2035$ 3527(*,'$

79 6DPVXQJ /(' )+' 81 ' 3*;='

+'0,

/(' )8// +'

(175$'$6

*DUDQWLD GR IDEULFDQWH DQR 5HVROXomR [ S[ 7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV ySWLFD FRD[LDO 3RWrQFLD GR iXGLR : 506 )UHTXrQFLD +] &RQVXPR XVR VWE\ : K : K &219(5625 ',*,7$/ ,17(*5$'2

&2035$ 3527(*,'$

$12 5

WLD *DUDQ 75$

(;

$126 5

$12 5

WLD *DUDQ 75$

(;

$126 5

79 /* /&' /(' '79 )+' 70 /9

$ 9LVWD 5 [ [ 5 VHP MXURV

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

728&+ 6&5((1 5(75É7,/

)RWRV PHUDPHQWH LOXVWUDWLYDV

5HJLmR WRGDV (TXDOL]DGRU 5HSURGXomR '9' &' 03 5HFHSWRU GH 79 DQDOyJLFD (QWUDGDV ,6' L3RG )RUPDWR FRQYHQFLRQDO 3DLQHO UHPRYtYHO (QWUDGD SDUD FkPHUD GH Up &RQWUROH UHPRWR 3RWrQFLD : [

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

%/8(7227+

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV

+'0, (175$'$6

*DUDQWLD GR IDEULFDQWH DQR 7HPSR GH UHVSRVWD 0V (QWUDGDV 5*% 86% 6DtGDV VDtGD GLJLWDO ySWLFD

3RWrQFLD GR iXGLR : 506 &RQVXPR XVR VWE\ : K : K

/&' /('

'79 )8// +'

&219(5625 ',*,7$/ ,17(*5$'2

&2035$ 3527(*,'$

$12 5

WLD *DUDQ 75$

(;

$126 5

79 6RQ\ /(' ' %UDYLD )+' .'/ (;

79 6DPVXQJ /(' ' )+' 6079 81 ' /

$ 9LVWD 5 [ [ 5 VHP MXURV

(175$'$

+'0,

/(' ' &219(5625 ',*,7$/ ,17(*5$'2

*DUDQWLD GR IDEULFDQWH DQR (QWUDGDV +'0, H DQDOyJLFD 6DtGDV GLJLWDO 3RWrQFLD GR iXGLR : 506 )UHT rQFLD +] &RQVXPR XVR VWE\ :K :K &2035$ 3527(*,'$

9$5,('$'( '( 352'8726

$12 5

WLD *DUDQ 75$

(;

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV

+'0, (175$'$6

)8// +'

/('

&219(5625 ',*,7$/ ,17(*5$'2

&2035$ 3527(*,'$

*DUDQWLD GR IDEULFDQWH DQR 7HPSR GH UHVSRVWD 06 (QWUDGDV 5*% 86% 6DtGDV ySWLFD FRD[LDO 3RWrQFLD GR iXGLR : 506 )UHTXrQFLD +] &RQVXPR XVR VWE\ : K : K

0DLV GH PLO LWHQV *DUDQWLD GH TXDOLGDGH H YDULHGDGH GHQWUR GR VHX RUoDPHQWR

, QIRUPiWLFD 0XOWLIXQFLRQDO &DQRQ 03 37

:, ), )81d®2 &23,$'25$ ( 6&$11(5

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

G R )D E

9HO LPS SUHWR DWp 330 9HO LPS FRORULGD DWp 330 &RPSDWtYHO :LQGRZV 0DF 7LSR LPSUHVVmR MDWR GH WLQWD 0HPyULD 0% &RQH[mR 86% &DSDFLGDGH GD EDQGHMD IOV &RPSDWtYHO FDUWmR PHPyULD &RQVXPtYHLV +3

D QWH

WLD

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

$QRV

0XOWLIXQFLRQDO +3 3KRWRVPDUW ' $JLV

3RUWD 5HWUDWR 'D]] 6OLP 37 0D[

*DUDQWLD GR IDEULFDQWH DQR 9HO ,PS 3W &RORU SSP SSP &RPSDWtYHO :LQGRZV 0DF 7LSR LPSUHVVmR MDWR GH WLQWD &DSDFLGDGH GD EDQGHMD IOV &RQVXPtYHLV 3* &/

* DUD

)81d®2 &23,$'25$ ( 6&$11(5

5(352'8= 0Ô6,&$6 ( 9Ì'(26

7HOD GH /&' /(' )RUPDWR6OLP &RQWU PHQX WRXFK )XQomR OLJD GHVOLJD DXWRPiWLFD )XQomR GH UHOyJLR H FDOHQGiULR

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

,PSUHVVRUD )RWRJUiILFD (SVRQ 3 0DWH 30 %5

&38 ,WDXWHF ,QIRZD\ 67 37

&21(;®2

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

86%

$ 9LVWD 5 [ [ 5 VHP MXURV

*5É7,6 80 648((=(

9tGHR *DPH 0LFURVRIW ; %R[ .LQHFW 37 2)

9HO LPS SUHWR DWp SSP 9HO LPS FRORULGD DWp SSP &RPSDWtYHO :LQGRZV 0DF 7LSR LPSUHVVmR MDWR GH WLQWD 0HPyULD .% &DSDFLGDGH GD EDQGHMD IOV &RPSDWtYHO FDUWmR PHPyULD &RQVXPtYHLV 70

$ 9LVWD 5 [ [ 5 VHP MXURV RX HQWUDGD 5 [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' &DL[D GH VRP 6: 3URG 2IILFH 6WDUWHU 6: DQWLYtUXV YDOLG VHFXULW\ $ 'LIHUHQFLDO WHFODGR HUJRQ{PLFR

9(/2&,'$'(

*+=

*DUDQWLD GR IDEULFDQWH DQR $OLPHQWDomR HQHUJLD $FHVVyULR FRQWUROH 6HQVRU .LQHFW $FHVVyULR MRJR .LQHFW $GYHQWXUHV

+' *%

/,95(

3& +(/3 5

$12 5

WLD *DUDQ 75$

$126 5

(;

/,95(

&2035$ 3527(*,'$

/,95(

&2035$ 3527(*,'$

7DEOHW &ODUR 6DPVXQJ *DOD[\ 3 %5 $$7

7DEOHW 6DPVXQJ *DOD[\ 6 :L )L <3* %5

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR 3URFHV *38 3RZHU 95 6*; 6LVW 2SHU *RRJOH $QGURLG 0HPyULD 5$0 LQWHUQD 0% *% %OXHWRRWK :L )L *36 -DYD &kPHUD SULPiULD VHFXQGiULD 0 9*$ 7LSR FDUWmR FDSDFLGDGH Pi[LPD 06' *% %DWHULD XVR VWGE\ DWp K K

/,95(

7DEOHW 6DPVXQJ *DOD[\ 7$% 3OXV &=

0(0Ð5,$ ,17(51$ *%

$ 9LVWD 5 [ [ 5 VHP MXURV

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR 3URFHVV WHJUD 'XDO&RUH *K] 6LVW 2SHU *RRJOH $QGURLG 0HPyULD 5$0 *% %OXHWRRWK ZL IL * *36 -DYD &kP SULPDULD VHFXQG 0 0 $FHVV FDER 86% IRQH GH RXYLGR $FHVVyULRV FDUUHJDGRU PDQXDO %DWHULD XVR VWGE\ DWp K K

7DEOHW 6DPVXQJ *DOD[\ 7$% * 3 %5

*DUDQWLD GR IDEULFDQWH DQR 3URFHVV 'XDO &RUH *K] 6LVW 2SHUDFLRQDO $QGURLG 0HPyULD 5$0 LQWHUQD *% *% %OXHWRRWK :L )L * *36 -DYD &kP SULPiULD VHFXQG 03 03 7LSR FDUWmR FDSDF 0D[ 0 6' *% $FHVVyULRV IRQH GH RXYLGR $FHVVyULRV FDUUHJDGRU FDER 86% %DWHULD XVR VWG E\ K K

&2035$ 3527(*,'$

7DEOHW 0RWRUROD 0= ;RRP * 35 $$7

&2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV

*DUDQWLD GR IDEULFDQWH DQR 3URFHVV 7HJUD 'XDO &RUH *K] 6LVW 2SHUDF *RRJOH $QGURLG 0HPyULD 5$0 ,QWHUQD *% *% %OXHWRRWK :L )L * &2035$ 3527(*,'$ *36 -DYD 5 &kPHUD SULP VHFXQG 0 0 $FHVVyULRV IRQH GH RXYLGR $FHVVyULRV FDER GH GDGRV 86% %DWHULD XVR VWGE\ DWp K K

*DUDQWLD GR IDEULFDQWH DQR 3URFHVV 19,',$ 7HJUD *+][ 6LVW 2SHU *RRJOH $QGURLG 0HPyULD 5$0 LQWHUQD *% *% %OX :L )L * *36 -DYD &kPHUD 3ULPDULD 6HFXQG 0 0 7LSR FDUWmR PD[ 0LFUR 6' *% $FHVVyULRV FDUUHJDGRU %DWHULD XVR VWGE\ DWp K K

*5É7,6 80 648((=(

(175$'$

+'0,

(175$'$

)8// +'

+'0,

'79

/('

/&' /('

)8// +'

0RQLWRU 79 /* /&' /(' 0 ' 36 $:= 37

0RQLWRU 7Y 6DPVXQJ /(' )+' '79 /7

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR 3URFHVVDGRU $0' & )RUPDWR GD WHOD (QWUDGDV ' VXE 3& 79 D FDER 7HPSR GH UHVSRVWD 06 0XOWLPtGLD HPEXWLGR &2035$ 3527(*,'$ 5 %DVH UHJXOiYHO &RPSDWLELOLGDGH :LQGRZV ;3 &RQVXPR GH HQHUJLD : K $12 5

WLD *DUDQ 75$

(;

$126 5

&(57,),&$'2 ,62

'79

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR 7HPSR GH UHVSRVWD 06 0XOWLPtGLD HPEXWLGR (QWUDGDV 5*% 79 86% %ULOKR &' 0ò &RPSDWLELOLGDGH :LQGRZV &RQVXPR GH HQHUJLD : $12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

9(/2&,'$'(

*+=

9(/2&,'$'(

1RWHERRN $FHU $VSLUH 2QH $2 37

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV :L )L 3URFHVVDGRU $0' & /HLWRU FDUWmR 86% 6DtGD +'0, 6: 3URGXW 2IILFH 6WDUWHU 6: $QWLYtUXV YDO 0FDIHH GLDV 'LIHUHQFLDO SODFD $7, 5DGHRQ 'LIHUHQFLDO DXWRQRPLD DWp K $12 5

WLD *DUDQ 75$

(;

$126 5

*+=

*% +' *% :(%&$0

.* &2035$ 3527(*,'$

3& +(/3 5

1RWHERRN ,WDXWHF ,QIRZD\ $ 37

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR 3URFHVV $0' & 'XDO &RUH &RQH[}HV ZLUHOHVV ZL IL EOXHWRRWK /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 2IILFH 6WDUWHU $QWLYtUXV YDO 0LFURVRIW DQR 'LIHUHQFLDO EDWHULD FpOXODV $12 5

WLD *DUDQ 75$

(;

$126 5

+' *% :(%&$0

*% 1RWHERRN $FHU +' *% $VSLUH $6 37 $$7

:(%&$0

$ 9LVWD 5 [ [ 5 VHP MXURV

&2035$ 3527(*,'$

3& +(/3 5

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

D QWH

G R )D E

*DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV :L IL /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU &' '9' 6: 3URG 2IILFH 6WDUWHU 'LIHUHQFLDO DQWLYtUXV $12 5

WLD *DUDQ 75$

(;

.* &2035$ 3527(*,'$

$126 5

$WHQGLPHQWR H VHUYLoRV FRP D FHUWLILFDomR GH TXDOLGDGH ,62

3& +(/3 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

&21(;®2 :, ),

* DUD

WLD

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

$QRV

& HOXODUHV &2035$ 3527(*,'$

/,95( 3$5$ 2,

&/$52 ( 7,0

/,95( 3$5$ 2,

&/$52 ( 7,0

&+,36

/,95( &+,36 /* 'XDO &KLS $ $$7

/* $ $$7

&2035$ 3527(*,'$

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( $ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

/* $ $$7

$ 9LVWD 5 [ [ 5 VHP MXURV &kPHUD GLJLWDO 5iGLR )0 (QWUDGD SDUD FDUWmR GH PHPyULD /DQWHUQD $12 5

WLD *DUDQ 75$

(;

$ 9LVWD 5 [ [ 5 VHP MXURV

$ 9LVWD 5 [ [ 5 VHP MXURV &2035$ 3527(*,'$

&kPHUD 0S[ 03 3OD\HU 5iGLR )0 %DWHULD GH ORQJD GXUDomR %OXHWRRWK

5iGLR )0 )RQH RXYLGR

$126 5

$12 5

WLD *DUDQ 75$

(;

/,95(

$126 5

$12 5

WLD *DUDQ 75$

(;

WLD *DUDQ 75$

(;

$126 5

&RQH[mR :L )L H DFHVVR j LQWHUQHW $FHVVR GLUHWR D UHGHV VRFLDLV )DFHERRN 7ZLWWHU 2UNXW H :LQGRZV /LYH 0HVVHQJHU $ 9LVWD 5 [ [ 5 VHP MXURV $WDOKRV QD WHOD SULQFLSDO SDUD UHGHV VRFLDLV QRWtFLDV FOLPD H PDLO H PXLWR PDLV 6XSRUWH SDUD &KLSV VLPXOWkQHRV 7HOD GH µ H FkPHUD GH 03 03 3OD\HU H 5iGLR )0 FRP DQWHQD LQWHUQD 7HFODGR 4:(57< FRPSOHWR (QWUDGD SDUD FDUWmR GH PHPyULD GH *% H HUJRQ{PLFR

&2035$ 3527(*,'$

$126 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

&+,36

/,95(

/,95( /* 'XDO &KLS ; $$7

/* 7ULDO &KLS $ $$7

$ 9LVWD 5 [ [ 5 VHP MXURV &kPHUD 0S[ 03 SOD\HU 5iGLR )0 %OXHWRRWK )RQH RXYLGR FDER 86%

$ 9LVWD 5 [ [ 5 VHP MXURV 'XDO 6LP 4XDGULEDQG

79 'LJLWDO 7HFODGR 4:(57< 5HGHV 6RFLDLV $12 5

WLD *DUDQ 75$

(;

&2035$ 3527(*,'$

$126 5

/* 3UR & $$7

HVVH SURGXWR DFRPSDQKD JE"

$ 9LVWD 5 [ [ 5 VHP MXURV 6PDUWSKRQH * FRP $QGURLG $ PDLV QRYD YHUVmR GR $QGURLG FRP PDLV GH PLO DSOLFDWLYRV SDUD WRUQDU VXD YLGD PDLV GLYHUWLGD H SUiWLFD 7HOD WRXFK GH µ WHFODGR 4:(57< $SURYHLWH WRGRV RV DSOLFDWLYRV FRP R WRXFK H R PHOKRU WHFODGR SDUD PHQVDJHQV ,QRYDomR HP 'HVLJQ IRUPDWR GD WHOD HVSHFLDOPHQWH GHVHQYROYLGR SDUD PHOKRU YLVXDOL]DomR GH H PDLOV UHGHV VRFLDLV H LQWHUQHW $ PHOKRU EDWHULD GD FDWHJRULD P$K SDUD YRFr XVDU VHX VPDUWSKRQH SRU PXLWR PDLV WHPSR :L )L H $ *36 ULFR HP FRQH[}HV SDUD WRGDV DV VXDV QHFHVVLGDGHV $12 5

WLD *DUDQ 75$

(;

/,95(

$126 5

/* 2SWLPXV +XE ( 37 $$7

$ 9LVWD 5 [ [ 5 VHP MXURV &kPHUD 0S[ 03 SOD\HU 5iGLR )0 %OXHWRRWK :L )L *36 )XQomR 0RGHP 6LVW 2SHU $QGURLG )RQH RXYLGR &DER 86% $12 5

WLD *DUDQ 75$

(;

$126 5

/* 2SWLPXV ' $$7

$ 9LVWD 5 [ [ 5 VHP MXURV

&+,36

/,95( /* 'XDO &KLS 2SWLPXV 1HW 3 $$7

)RWRV PHUDPHQWH LOXVWUDWLYDV

$12 5

/* 'XDO &KLS & $$7

$ 9LVWD 5 [ [ 5 VHP MXURV &kPHUD 0S[ 03 SOD\HU UiGLR )0 %OXHWRRWK :L )L *36 )XQomR PRGHP 7HFQRORJLD * 6LVW 2SHU $QGURLG )RQH RXYLGR FDER 86% $12 5

WLD *DUDQ 75$

(;

$126 5

/,95(

6PDUWSKRQH * FRP $QGURLG 7HOD GH ´ FRP WHFQRORJLD ' VHP yFXORV FRQKHoD R SULPHLUR VPDUWSKRQH FRP WHOD ' VHP yFXORV &ULH H FRQYHUWD IRWRV H YtGHRV GH DOWD GHILQLomR HP ' GXDV FkPHUDV GH 03

&RPSDUWLOKH VHX FRQWH~GR ' FRP VXD 79 QRWHERRN RX PRQLWRU ' FRQH[mR FRPSOHWD HP DOWD GHILQLomR FRP RXWURV GLVSRVLWLYRV ' DWUDYpV GD SRUWD +'0, RX GR <RX7XEH ' 3HUIRUPDQFH DOpP GR 'XDO &RUH FRP D WHFQRORJLD 7UL 'XDO 'XDO &RUH 'XDO &KDQQHO 'XDO 0HPRU\ ² D PDLRU SHUIRUPDQFH SDUD D PHOKRU H[SHULrQFLD HP VPDUWSKRQHV $12 5

WLD *DUDQ 75$

(;

$126 5

752&$ *$5$17,'$ 325 80 3(48(12 &8672 $',&,21$/ 92&È *$5$17( 3527(d®2 (;75$ 3$5$ 6(8 (/(7523257É7,/ $ *$5$17(&+ $66(*85$ $ 752&$ (0 &$62 '( '()(,726 3(662$6 )Ì6,&$6 620(17(

& HOXODUHV &+,36

&2035$ 3527(*,'$

/,95(

&2035$ 3527(*,'$

0RWRUROD 0RWRNH\ 0LQL 'XDO &KLS (; $$7

0RWRUROD 0RWRNH\ 6RFLDO (; 37 $$7

$ 9LVWD 5 [ [ 5 VHP MXURV

&kPHUD 0S[ 7HFODGR 4:(57< 03 SOD\HU 5iGLR )0 %OXHWRRWK )RQH RXYLGR &DER 86%

&kPHUD 0S[ 03 SOD\HU 5iGLR )0 %OXHWRRWK :L )L )RQH RXYLGR &DER 86%

/,95(

$12 5

WLD *DUDQ 75$

(;

$12 5

$126 5

WLD *DUDQ 75$

(;

$126 5

/,95(

&+,36

0RWRUROD 5$=5 ;7 $$7

0RWRUROD 0RWR 79 'XDO &KLS $$7

$ 9LVWD 5 [ [ 5 VHP MXURV

&kPHUD 0S[ 03 SOD\HU UiGLR )0 %OXHWRRWK :L )L *36 7HFQRORJLD * 6LVW 2SHU $QGURLG 3URFHVVDGRU 'XDO &RUH *+] )RQH RXYLGR 0HPyULD LQWHUQD GH *%

&kPHUD 0S[ 03 SOD\HU UiGLR )0 %OXHWRRWK )RQH RXYLGR &DER 86% 0HPyULD LQWHUQD *% $12 5

WLD *DUDQ 75$

(;

$126 5

*5É7,6 80 )21( %/8(7227+

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV

$ 9LVWD 5 [ [ 5 VHP MXURV &kPHUD 'LJLWDO %OXHWRRWK (;

$126 5

6DPVXQJ ( 37

WLD *DUDQ 75$

(;

6DPVXQJ :DYH < 6 37

&2035$ 3527(*,'$

$12 5

WLD *DUDQ 75$

/,95(

$126 5

/,95(

&kPHUD 0S[ 03 SOD\HU UiGLR )0 %OXHWRRWK :L )L *36 7HFQRORJLD * 6LVW 2SHU 6DPVXQJ %DGD )RQH RXYLGR FDER 86% $12 5

WLD *DUDQ 75$

(;

$126 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

6DPVXQJ *DOD[\ 6 ,, , 37

6DPVXQJ *DOD[\ 1RWH 1

$ 9LVWD 5 [ [ 5 VHP MXURV

/,95(

/LQNV SDUD UHGHV VRFLDLV (QWUDGD FDUWmR PLFUR 6' DWp *% 'LVSOD\ H[WHUQR 6DPVXQJ $SSV 0HPyULD LQWHUQD GH *% %OXHWRRWK 03 SOD\HU *UDYDomR GH YtGHR 6LVW 2SHU $QGURLG $12 5

,62

DQWLD

*DU 75$

(;

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV

/,95(

&kPHUD 0S[ 03 SOD\HU UiGLR )0 %OXHWRRWK :L )L *36 7HFQRORJLD * 0HPyULD LQWHUQD GH *% 6LVW 2SHU *RRJOH $QGURLG )RQH RXYLGR FDER 86% $12 5

WLD *DUDQ 75$

(;

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

/,95(

$126 5

35(),5$ 48(0 6( (6)25d$ ',$5,$0(17( 3$5$ 2)(5(&(5 2 0(/+25 $7(1',0(172

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

)RWRV PHUDPHQWH LOXVWUDWLYDV

&2035$ 3527(*,'$

&+,36

79 ',*,7$/ ( $1$/Ð*,&$ *5É7,6

, QIRUPiWLFD 9(/2&,'$'(

*+=

*% +' *%

:(%&$0

+' *%

$ 9LVWD 5 [ [ 5 VHP MXURV

*DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV ZL IL % * 1 /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 06 2IILFH 6: $QWLYtUXV YDO 1RUWRQ GLDV 'LIHUHQFLDO HIHLWRV VRQRURV

*DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV ZL IL EOXHWRRWK /HLWRU FDUWmR GH PHPyULD SRUWDV 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6: 3URGXWLY 2IILFH 6WDUWHU 6: DQWLYtUXV YDOLGDGH 0LF 6( *UiWLV %DWHULD DWp KV &RQVXPR Pi[ .: K :

$12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

$12 5

3& +(/3 5

WLD *DUDQ 75$

(;

1RWHERRN 6RQ\ 9DLR 93& <% -% 3 52

3& +(/3 5

+' *%

&RQH[}HV ZLUHOHVV :L )L %OXHWRRWK /HLWRU FDUWmR 86% 6DtGD +'0, 6: 3URGXW 0LFURVRIW 2IILFH 6: $QWLYtUXV YDO 1RUWRQ GLDV 'LIHUHQFLDO DXWRQRPLD DWp K 'LIHUHQFLDO SODFD $0' 5DGHRQ 'LVSRQtYHO WDPEpP QD FRU SUHWR

&2035$ 3527(*,'$

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV

80 648((=(

*+=

*5É7,6

G R )D E

9(/2&,'$'(

:(%&$0

1RWHERRN 6DPVXQJ 13 ( $ $' %5 &= 37

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV ZL IL EOXH /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 2IILFH 6WDUWHU 6: DQWLYtUXV YDO 1RUWRQ GLDV $12 5

WLD *DUDQ 75$

(;

&2035$ 3527(*,'$

$126 5

3& +(/3 5

9(/2&,'$'(

*+=

*% +' *% :(%&$0

9(/2&,'$'(

+' *%

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV ZL IL /HLWRU FDUWmR 86% 6DtGD +'0, 6: 3URG 2IILFH 6WDUWHU 6:$QWL YLUXV 9DO 1RUWRQ 2QOLQH 'LIHUHQFLDO 0F$IHH ,QWHUQHW 'LIHUHQFLDO :LQGRZV /LYH $12 5

WLD *DUDQ 75$

(;

$126 5

*+=

:(%&$0 1RWHERRN 6DPVXQJ 13 ( $ $' %5 &= 37

3& +(/3 5

&2035$ 3527(*,'$

$12 5

WLD *DUDQ 75$

(;

$126 5

G R )D E

1RWHERRN 6RQ\ 9DLR &RQH[}HV :LUHOHVV 93& (+ (% : %5 /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU &' '9' 6DtGD +'0, $ 9LVWD 5 [ [ 5 VHP MXURV 'LIHUHQFLDO 2IILFH 6WDUWHU

&RPSXWDGRU 3RVLWLYR 6LP / 37

:(%&$0

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV :L )L %OXH /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 2IILFH 6WDUWHU 6: $QWLYtUXV YDO 1RUWRQ GLDV

$QRV

WLD

1RWHERRN $FHU $VSLUH $6 $$7

9(/2&,'$'(

D QWH

*+=

* DUD

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

$QRV

WLD

D QWH

:(%&$0 1RWHERRN ,WDXWHF ,QIRZD\ : 37

:(%&$0

* DUD

1RWHERRN /* 6 / %& 3 37

&2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV

3& +(/3

9(/2&,'$'(

*+=

&2035$ 3527(*,'$

+' *%

*DUDQWLD GR IDEULFDQWH DQR /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6: 3URG 2IILFH 6WDUWHU 6: $QWLYtUXV YDO 1RUWRQ DQR 'LIHUHQFLDO SRVLWLYR ' $12 5

3& +(/3 5

WLD *DUDQ 75$

(;

$126 5

*+=

D QWH

$QRV

WLD

G R )D E

:(%&$0

*% *+=

9(/2&,'$'(

:(%&$0

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[mR ZLUHOHVV :L )L %OXHWRRWK /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 2IILFH 6WDUWHU 6: $QWLYtUXV YDO 0LFURVRIW DQR 'LIHUHQFLDO DXWRQRPLD DWp K $12 5

WLD *DUDQ 75$

(;

$126 5

*5É7,6 80 648((=(

&2035$ 3527(*,'$

3& +(/3 5

.* 1RWHERRN 6RQ\ 9DLR 93& (* (% 37

$ 9LVWD 5 [ [ 5 VHP MXURV &RQH[}HV ZLUHOHVV /HLWRU FDUWmR 86% 8QLGDGH yWLFD 6DtGD +'0,

G R )D

+' *%

1RWHERRN ,WDXWHF ,QIRZD\ : 37

$QRV

WLD

D QWH

*+=

+' *%

9(/2&,'$'(

* DUD

)RWRV PHUDPHQWH LOXVWUDWLYDV

+' *%

* DUD

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

1RWHERRN 6RQ\ 9DLR 93&6% )% % 37

$ 9LVWD 5 [ [ 5 VHP MXURV &RQH[mR ZLUHOHVV ZL IL 1 EOXHWRRWK /HLWRU FDUWmR GH PHPyULD HQWUDGDV 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 2IILFH 6WDUWHU 6: DQWLYtUXV YDOLG 1RUWRQ G 'LIHUHQFLDO OHLWRU ELRPpWULFR 'LIHUHQFLDO FRQH[mR 86%

+' *%

:(%&$0 .*

:(%&$0 1RWHERRN /* ' $ 7 %( 3 37

$ 9LVWD 5 [ [ 5 VHP MXURV *DUDQWLD GR IDEULFDQWH DQR &RQH[}HV ZLUHOHVV ZL IL E J Q /HLWRU FDUWmR 86% 8QLGDGH yWLFD JUDYDGRU '9' &' 6DtGD +'0, 6: 3URGXW 06 2IILFH 6: $QWLYtUXV YDO 1RUWRQ GLDV 'LIHUHQFLDO WHOD ' )XOO +' 'LIHUHQFLDO OHLWRU %OX UD\ $12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

3& +(/3 5

::: %(02/ &20 %5 6(59,d26 ( 352'8726 ',6321Ì9(,6 9,$ ,17(51(7 K

/ DQWLD

$12 5

0LFUR 2QGDV 3DQDVRQLF 116) :581 / %5

$126 5

*DU 75$

(;

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : $XWR GHVFRQJHODPHQWR DTXHFLPHQWR FR]LPHQWR 7HFOD SLSRFD 7UDYD GH VHJXUDQoD 7LPHU

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7LPHU $XWR GHVFRQJHODPHQWR $XWR DTXHFLPHQWR FR]LPHQWR 7HFOD SLSRFD 7UDYD GH VHJXUDQoD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$12 5

DQWLD

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7LPHU 3UDWR JLUDWyULR $XWR GHVFRQJHODPHQWR $XWR DTXHFLPHQWR FR]LPHQWR 7HFOD SLSRFD 7UDYD GH VHJXUDQoD

&2035$ 3527(*,'$

$126 5

*DU 75$

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$12 5

DQWLD

*DU 75$

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7LPHU 3UDWR JLUDWyULR $XWR GHVFRQJHODPHQWR $XWR DTXHFLPHQWR FR]LPHQWR &2035$ 3527(*,'$ 7HFOD SLSRFD 5 7UDYD GH VHJXUDQoD

&2035$ 3527(*,'$

0LFUR 2QGDV /* 06 * / %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$126 5

(;75

5 0LFUR 2QGDV %UDVWHPS %06 $%+ / %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

/ FP

(;

$126 5

&2035$ 3527(*,'$

$12 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 3UDWR JLUDWyULR $XWR GHVFRQJHODPHQWR $XWR DTXHFLPHQWR FR]LPHQWR 7HFOD SLSRFD 7UDYD GH VHJXUDQoD

&2035$ 3527(*,'$

WLD

*DUDQ

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7LPHU $XWR DTXHFLPHQWR FR]LPHQWR 7UDYD GH VHJXUDQoD

$12 5

WLD *DUDQ 75$

$12 5

$126 5

FP FP 0iTXLQD GH &RVWXUD(OJLQ 6XSHULD -; *DUDQWLD GR IDEULFDQWH DQR &DVHDGRU DXWRPiWLFR 3UHJDGRU GH ]tSHU $ 9LVWD 5 [ [ 5 VHP MXURV 3RQWRV LQYLVtYHLV 2X [ [ 5 %UDoR OLYUH 3RQWR ]LJ ]DJ 7RWDO D SUD]R 5

0(6$

321726 '( &26785$

FP &2035$ 3527(*,'$

5 &2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&2/81$

$126 5

$12 5

WLD *DUDQ 75$

(;

$126 5

&2/81$ &2035$ 3527(*,'$

&2035$ 3527(*,'$

%HEHGRXUR 'H &ROXQD (VPDOWHF (*& % %5

$12 5

DQWLD

*DU 75$

(;

&2035$ 3527(*,'$

FP $12 5

$126 5

WLD

*DUDQ

(;75

321726 '( &26785$ $126 5

FP 0iTXLQD 'H *DUDQWLD GR IDEULFDQWH DQR &RVWXUD6LQJHU 7UDGLWLRQ &DVHDGRU 3UHJDGRU GH ERWmR ]tSHU 3DVVDGRU GH OLQKD $ 9LVWD 5 [ [ 5 VHP MXURV 3RQWR LQYLVtYHO GHFRUDWLYRV ]LJ ]DJ 2X [ [ 5 %UDoR OLYUH 7RWDO D SUD]R 5 P

(;

5 0È6 RX : K

WLD *DUDQ 75$

&216802 '( (1(5*,$

5 0È6 RX : K

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 6HUYH iJXD QDWXUDO H JHODGD 7HUPRVWDWR UHJXOiYHO )LOWUD WULSOD ILOWUDJHP &ROHWRU UHPRYtYHO ,VRODPHQWR WpUPLFR *DELQHWH SOiVWLFR LQMHWiYHO

*DUDQWLD GR IDEULFDQWH DQR 6HUYH iJXD JHODGD H QDWXUDO 7HUPRVWDWR UHJXOiYHO &ROHWRU UHPRYtYHO ,VRODPHQWR WpUPLFR *DELQHWH SROLHWLOHQR $12 5

&216802 '( (1(5*,$

3XULILFDGRU ,%%/ )5 35

%HEHGRXUR 'H 0HVD ,%%/ &RPSDFW )1 35

6HUYH iJXD JHODGD QDWXUDO 7HUPRVWDWR UHJXOiYHO $ 9LVWD 5 [ [ 5 VHP MXURV &ROHWRU UHPRYtYHO 2X [ [ 5 *DELQHWH DoR JDOYDQL]DGR 'LVSRQtYHO WDPEpP QDV FRUHV 7RWDO D SUD]R 5 EUDQFR FRP ODUDQMD EUDQFR FRP D]XO *DUDQWLD GR IDEULFDQWH DQR

%HEHGRXUR 'H &ROXQD *DUDQWLD GR IDEULFDQWH DQR (VPDOWHF (*& % 37 ,1 6HUYH iJXD JHODGD QDWXUDO

7HUPRVWDWR UHJXOiYHO $ 9LVWD 5 &ROHWRU UHPRYtYHO [ [ 5 VHP MXURV *DELQHWH DoR JDOYDQL]DGR 2X [ [ 5 7RWDO D SUD]R 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ FP

&/$66( $

%$,;2 &216802 '( (1(5*,$

$U &RQGLFLRQDGR %WXV 6SULQJHU 4&$ %% 9

$U &RQGLFLRQDGR %WXV 6SULQJHU 4&$ %%% 9

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR &RPSUHVVRU URWDWLYR $FLRQDPHQWR PDQXDO *DELQHWH FKDSD HOHWUR ]LQFDGD &LFOR GH DU IULR 6DtGD GR DU IURQWDO &2035$ 3527(*,'$ 5 ([DXVWmR GR DU $12 5

WLD *DUDQ 75$

(;

QWLD *DUD75$

(;

$126 5

$U &RQGLFLRQDGR %WXV (OHFWUROX[ (& ) 9

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR &RPSUHVVRU URWDWLYR $FLRQDPHQWR PDQXDO *DELQHWH DoR ]LQFDGR &2035$ 3527(*,'$ &LFOR GH DU IULR 5 6DtGD GR DU GXSOD VDtGD $12 5

WLD *DUDQ 75$

(;

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 1tYHO HFRQ{PLFR FODVVH % &RPSUHVVRU URWDWLYR $FLRQDPHQWR PDQXDO *DELQHWH HP DoR JDOYDQL]DGR &LFOR GH DU IULR 6DtGD GR DU ODWHUDO ([DXVWmR GR DU $12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

9 FP

$U &RQGLFLRQDGR %WXV (OHFWUROX[ (0 ) 9

$12 5

WLD *DUDQ 75$

(;

$126 5

%786

$U &RQGLFLRQDGR %WXV 6SULQJHU 0&$ %% 9

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR &RPSUHVVRU URWDWLYR $FLRQDPHQWR PDQXDO 7LPHU *DELQHWH DoR JDOYDQL]DGR &LFOR GH DU IULR 'XSOD VDtGD GR DU

%786

&/$66( $

%$,;2 &216802 '( (1(5*,$

%786 P

%786

&/$66( $

%$,;2 &216802 '( (1(5*,$

FP 2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

FP 0LFUR 2QGDV (OHFWUROX[ 0() / %5 9

0LFUR 2QGDV &RQVXO &03 $%+1$ / %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&2035$ 3527(*,'$

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

FP 0LFUR 2QGDV (OHFWUROX[ 0() / %5

*DUDQWLD GR IDEULFDQWH DQR &RPSUHVVRU URWDWLYR $FLRQDPHQWR PDQXDO *DELQHWH DoR JDOYDQL]DGR &LFOR GH DU IULR 6DtGD GR DU ODWHUDO ([DXVWmR GH DU 1tYHO HFRQ{PLFR &ODVVH % $12 5

WLD *DUDQ 75$

(;

&2035$ 3527(*,'$

$126 5

*$5$17,$ (;75$ 28 $126 $ 0$,6 '( 3527(d®2 (0 68$6 &2035$6 325 80 3(48(12 &8672 $',&,21$/ 3(662$6 )Ì6,&$6 620(17(

)RWRV PHUDPHQWH LOXVWUDWLYDV

&2035$ 3527(*,'$

/ LQKD %UDQFD

5HOyJLRV

$1$/Ð*,&2

$1$/Ð*,&2 5HOyJLR 0DULQHU 8QL & 3XOV %3 4

5HOyJLR 7HFKQRV *DUDQWLD GR IDEULFDQWH DQR )HP ++& 3 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD $ 9LVWD 5 5HVLVWrQFLD D iJXD :5 0 [ [ 5 VHP MXURV 0LFD PDWHULDO FULVWDO 2X [ [ 5 $UR IL[R 7RWDO D SUD]R 5 7DPSD SRVWHULRU SUHVVmR

$1$/Ð*,&2 *DUDQWLD GR IDEULFDQWH DQR 5HOyJLR 2ULHQW 3XOVHLUD DoR )HP )%66 3 6; 37 )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 0LFD PDWHULDO YLGUR $ 9LVWD 5 [ [ 5 VHP MXURV $UR IL[R 2X [ [ 5 7DPSD SRVWHULRU SUHVVmR &DOHQGiULR 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 0LFD PDWHULDO FULVWDO [ [ 5 VHP MXURV $UR IL[R 2X [ [ 5 7DPSD SRVWHULRU URVTXHDGD 7RWDO D SUD]R 5 &DOHQGiULR 5HOyJLR 7HFKQRV )HP 3 +* ;

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 0LFD PDWHULDO FULVWDO [ [ 5 VHP MXURV $UR IL[R 2X [ [ 5 0HFDQLVPR 7RWDO D SUD]R 5 7DPSD SRVWHULRU SUHVVmR 5HOyJLR 7HFKQRV )HP 3 ); ;

$1$/Ð*,&2

$1$/Ð*,&2 *DUDQWLD GR IDEULFDQWH DQR 5HOyJLR 2ULHQW 3XOVHLUD DoR )HP )%66 3 6; 37 )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 0LFD PDWHULDO FULVWDO [ [ 5 VHP MXURV $UR )L[R 2X [ [ 5 7DPSD SRVWHULRU URVTXHDGD 7RWDO D SUD]R 5 &DOHQGiULR

5HOyJLR 2ULHQW )HP )%660 6 6; 35

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 [ [ 5 VHP MXURV 0LFD PDWHULDO YLGUR 2X [ [ 5 $UR IL[R 7DPSD SRVWHULRU DSDUDIXVDGD 7RWDO D SUD]R 5

$1$/Ð*,&2 5HOyJLR 2ULHQW )HP *DUDQWLD GR IDEULFDQWH DQR )*66 3 .; 0267 37 6RFLDO &DL[D H SXOVHLUD DoR $ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

$1$/Ð*,&2

$QRV

WLD

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR 5HOyJLR 6HFXOXV )XQFLRQDPHQWR EDWHULD )HP /367%6 5HVLVWrQFLD D iJXD :5 $70 0LFD PDWHULDO YLGUR $ 9LVWD 5 $UR IL[R [ [ 5 VHP MXURV 0HFDQLVPR 2X [ [ 5 7DPSD SRVWHULRU URVTXHDGD 7RWDO D SUD]R 5 &DOHQGiULR

5HOyJLR 6HFXOXV )HP /36)'5

D QWH

$1$/Ð*,&2

* DUD

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD SOiVWLFR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD j iJXD :5 0 0LFD PDWHULDO DFUtOLFR $UR JLUDWyULR 7DPSD SRVWHULRU URVTXHDGD &DOHQGiULR

G R )D E

3XOVHLUD FRXUR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 0LFD PDWHULDO FULVWDO [ [ 5 VHP MXURV $UR IL[R 2X [ [ 5 7DPSD SRVWHULRU URVTXHDGD 7RWDO D SUD]R 5 &DOHQGiULR

$1$/Ð*,&2

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD PHWDO DoR )XQFLRQDPHQWR DXWRPiWLFR 5HVLVWrQFLD D iJXD :5 0 0LFD PDWHULDO YLGUR $ 9LVWD 5 $UR IL[R [ [ 5 VHP MXURV 0HFDQLVPR 2X [ [ 5 7DPSD SRVWHULRU URVTXHDGD 7RWDO D SUD]R 5 &DOHQGiULR 5HOyJLR 6HFXOXV 8QL /36**6 6

5HOyJLR 6HFXOXV )HP /36)'6

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD $ 9LVWD 5 5HVLVWrQFLD D iJXD :5 $70 [ [ 5 VHP MXURV 0LFD PDWHULDO YLGUR 2X [ [ 5 $UR )L[R 7RWDO D SUD]R 5 7DPSD SRVWHULRU URVTXHDGD

$1$/Ð*,&2 $1$/Ð*,&2

)RWRV PHUDPHQWH LOXVWUDWLYDV

$1$/Ð*,&2

5HOyJLR $+ )HP $+ * 0DJ

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 [ [ 5 VHP MXURV 0LFD PDWHULDO YLGUR 2X [ [ 5 $UR IL[R 7DPSD SRVWHULRU SUHVVmR 7RWDO D SUD]R 5

5HOyJLR $+ )HP $+ 4 0DJ

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD 5HVLVWrQFLD D iJXD :5 0 $ 9LVWD 5 [ [ 5 VHP MXURV 0LFD PDWHULDO YLGUR 2X [ [ 5 $UR IL[R 7RWDO D SUD]R 5 7DPSD SRVWHULRU SUHVVmR

$1$/Ð*,&2

5HOyJLR $K )HP $+ + 0DJ

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD $ 9LVWD 5 5HVLVWrQFLD D iJXD :5 0 [ [ 5 VHP MXURV 0LFD PDWHULDO YLGUR 2X [ [ 5 $UR IL[R 7RWDO D SUD]R 5 7DPSD SRVWHULRU SDUDIXVDGD

5HOyJLR $+ )HP $+ 7 0DJ

*DUDQWLD GR IDEULFDQWH DQR 3XOVHLUD DoR )XQFLRQDPHQWR EDWHULD $ 9LVWD 5 5HVLVWrQFLD D iJXD :5 0 [ [ 5 VHP MXURV 0LFD PDWHULDO YLGUR 2X [ [ 5 $UR IL[R 7RWDO D SUD]R 5 7DPSD SRVWHULRU SUHVVmR

48$/,'$'( 9$/25,=( 6(8 ',1+(,52 &2035$1'2 48$/,'$'(

9DULHGDGHV 3(d$6

3(d$6

3(d$6 )DTXHLUR 3 7UDPRQWLQD &RSR ,1 7iEXD 7UDPRQWLQD $ 9LVWD 5

3(d$6

7iEXD 7UDPRQWLQD $ 9LVWD 5

&RQMXQWR 3 7DOKHUHV 7UDPRQWLQD ,1 $ 9LVWD 5

)DTXHLUR 3 7UDPRQWLQD ,1

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3DQHOD 3UHVVmR &ORFN &RP / 32

$ 9LVWD 5 [ [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV

Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; 0DWHULDO DOXPtQLR Â&#x2021; 7DPSD HP DOXPtQLR Â&#x2021; 9iOYXOD GH VHJXUDQoD

&RQMXQWR 3 3DQHOD 7UDPRQWLQD 6RODU

Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; 0DWHULDO DOXPtQLR Â&#x2021; 7DPSD HP DOXPtQLR Â&#x2021; 9iOYXOD GH VHJXUDQoD Â&#x2021; 'LIHUHQFLDO 6LVW 9HUWLFRQWURO Â&#x2021; 'LIHUHQFLDO &ORFN 6DIH 3OXV

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3(d$6

3(d$6 &RQMXQWR 3 3DQHODV 7UDPRQWLQD 73 9LGUR

3(d$6

&RQMXQWR 3 3DQHODV 7UDPRQWLQD 73 9'5 Â&#x2021; )HUYHGRU FP Â&#x2021; 3DQHOD FP Â&#x2021; 3DQHOD FP Â&#x2021; &DoDUROD FP Â&#x2021; )ULJLGHLUD FP

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 &RQMXQWR 3 3DQHODV 7UDPRQWLQD ,1

3(d$6

Â&#x2021; )HUYHGRU FP Â&#x2021; 3DQHOD FP Â&#x2021; 3DQHOD FP Â&#x2021; &DoDUROD FP Â&#x2021; &DoDUROD FP Â&#x2021; )ULJLGHLUD UHWD FP Â&#x2021; )ULJLGHLUD FP

3(d$6

/,7526

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&RQMXQWR 3 3DQHODV 7UDPRQWLQD 5HFKDXG / 7UDPRQWLQD 6RODU

Â&#x2021; FDoDUROD UDVD FP Â&#x2021; FDoDUROD IXQGD FP Â&#x2021; SDQHOD FP Â&#x2021; IULJLGHLUD FP Â&#x2021; FR]L YDSRUH DUDPDGR FP

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

Â&#x2021; 0DWHULDO LQR[

Â&#x2021; &RPSRVLomR GR MRJR Â&#x2021; )ULJLGHLUD VHP WDPSD FP Â&#x2021; &DoDUROD UDVD FP Â&#x2021; &DoDUROD UDVD FP Â&#x2021; &DOGHLUmR FP Â&#x2021; &DOGHLUmR FP Â&#x2021; &R]L YDSRUH FP Â&#x2021; 3UDWR FP Â&#x2021; 6XSRUWH Â&#x2021; 4XHLPDGRU

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67Â®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ 72'26 26 352'8726 '(67( (1&$57( (67Â®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

3(d$6

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

/ &RQMXQWR 3 5RFKHGR ,QJHQLR Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; 0DWHULDO DOXPtQLR Â&#x2021; 7DPSD HP DOXPtQLR Â&#x2021; 9iOYXOD GH VHJXUDQoD Â&#x2021; 'LIHUHQFLDO MDQHOD GH VHJXUDQoD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; &RQWpP LWHQV Â&#x2021; 3DQHODV Â&#x2021; )ULJLGHLUD IXQGD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3DQHOD 3UHVVmR 5RFKHGR / 78 ,1

&RQMXQWR 3 5RFKHGR ,QJHQLR Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; &RQWpP LWHQV Â&#x2021; 3DQHODV Â&#x2021; )ULJLGHLUD IXQGD

3(d$6 -RJR 3 5RFKHGR ,QJHQLR ,QR[

3DQHOD 3UHVVmR &ORFN /

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; &DER UHIRUoDGR Â&#x2021; 6LVWHPD GH VHJXUDQoD DYDQoDGR Â&#x2021; 9iOYXOD GH VHJXUDQoD Â&#x2021; $VD HUJRQ{PLFD Â&#x2021; 3UHVLOKD PHWiOLFD

3DQHOD 3UHVVmR 5RFKHGR /

Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; 0DWHULDO DOXPtQLR Â&#x2021; 7DPSD HP DOXPtQLR $ 9LVWD 5 Â&#x2021; 7pUPLFR [ [ 5 VHP MXURV Â&#x2021; 9iOYXOD GH VHJXUDQoD 2X [ [ 5 Â&#x2021; 'LIHUHQFLDO YiOYXOD IiFLO 7RWDO D SUD]R 5 Â&#x2021; 'LIHUHQFLDO ERWmR DEUH IHFKD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; 7DPSDV GH YLGUR

3(d$6

&RQMXQWR 3 5RFKHGR %RQ $SHWLW Â&#x2021; *DUDQWLD GR IDEULFDQWH DQR Â&#x2021; &RQWpP LWHQV $ 9LVWD 5 [ [ 5 VHP MXURV Â&#x2021; 3DQHODV Â&#x2021; &DoDUROD 2X [ [ 5 Â&#x2021; )ULJLGHLUD IUDQFHVD 7RWDO D SUD]R 5

&2035$ 3527(*,'$ 3527(-$ 6(8 352'872 &2175$ '$126 ( $&,'(17(6 1Â®2 &2%(5726 3(/2 )$%5,&$17( '85$17( 2 35$=2 '( *$5$17,$

)RWRV PHUDPHQWH LOXVWUDWLYDV

3DQHOD 3UHVVmR &ORFN &RQI /

28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( 2)(57$6 9Ã&#x2030;/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

3DQHOD 3UHVVmR 3DQH[ / 32/

&RQMXQWR 3 7DOKHUHV 7UDPRQWLQD ,1

/ LQKD %UDQFD

D QWH

&RPSUHVVRU URWDWLYR $FLRQDPHQWR HOHWU{QLFR GLJLWDO $ 9LVWD 5 &RQWUROH UHPRWR [ [ 5 VHP MXURV &LFOR GH DU IULR 2X [ [ 5 7LPHU 7RWDO D SUD]R 5 6DtGD GR DU IURQWDO

$126 5

(;

$126 5

%2&$6 $&(1',0(172 $8720É7,&2 727$/

)2512 $872/,03$17( F

&2035$ 3527(*,'$

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV IL[DV $12 5

WLD *DUDQ 75$

(;

)RJmR % &RQWLQHQWDO 6SD]LR )*&7 363' %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV IL[DV 7DPSD GH YLGUR

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV IL[D 7DPSD GH YLGUR

$126 5

$12 5

WLD *DUDQ 75$

(;

)RJmR % (OHFWUROX[ 60 %5

$126 5

$12 5

WLD *DUDQ 75$

(;

%2&$6

)RJmR % 'DNR 6XSUHPH 6 )*'. 366 %5

%$,;2 &216802 '( (1(5*,$

&2035$ 3527(*,'$

&/$66( $

&2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&2035$ 3527(*,'$

$126 5

$12 5

WLD *DUDQ 75$

(;

)RJmR % (VPDOWHF +DZDLL %5

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV DXWRGHVOL]DQWHV ,OXPLQDomR QR IRUQR

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$126 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR 3UDWHOHLUDV IL[DV 7DPSD GH YLGUR $FHQGLPHQWR DXWRPiWLFR IRUQR

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

%$,;2 &216802 '( (1(5*,$

'285$'25

%2&$6

)2512 $872/,03$17(

&/$66( $

%$,;2 &216802 '( (1(5*,$

$&(1',0(172 $8720É7,&2 727$/

&/$66( $

%2&$6

$872/,03$17(

%$,;2 &216802 '( (1(5*,$

$&(1',0(172 $8720É7,&2 727$/

%2&$6

$&(1',0(172 $8720É7,&2 727$/

*5,// 12 )2512

)2512 $872/,03$17( P

%27,-$ 9(1','$ 6(3$5$'$0(17(

)2512 $872/,03$17(

%2&$6

*5,// 12 )2512 &2035$ 3527(*,'$

)2512 $872/,03$17(

%$,;2 &216802 '( (1(5*,$

&/$66( $

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

WLD *DUDQ 75$

$12 5

$872/,03$17(

)RJmR % &RQVXO 5 (UYD 'RFH &) %%81$ %5

)RWRV PHUDPHQWH LOXVWUDWLYDV

&/$66( $

)2512 $872/,03$17(

$&(1',0(172 $8720É7,&2 727$/

*DUDQWLD GR IDEULFDQWH DQR (Q[iJ H TXHQWH 6LVWHPD GH ILOWUDJHP 'LVSHQVHU S GHWHUJHQWH 'HVOLJDPHQWR DXWRPiWLFR 3RUWD GH YLGUR WHPSHUDGR 3RWrQFLD :

&$3$&,'$'(6 '( 6(59,d26

%$,;2 &216802 '( (1(5*,$

$&(1',0(172 $8720É7,&2 727$/

%2&$6

/DYD /RXoDV %UDVWHPS %/) $6$1$ 6 35

352*5$0$6 '( /$9$*(0

$ 9LVWD 5 [ [ 5 VHP MXURV )81d¯(6 2X [ [ 5 /$9$ (1;É*8$ 6(&$ 7RWDO D SUD]R 5

%2&$6

&/$66( $

)2512

&2035$ 3527(*,'$

&/$66( $

%2&$6

&2035$ 3527(*,'$

%$,;2 &216802 '( (1(5*,$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR 'XSOD ILOWUDJHP 0iVFDUD FDSWDGRUD GH DU $ 9LVWD 5 [ [ 5 VHP MXURV /XPLQiULD 2X [ [ 5 )LOWUR PHWiOLFR )LOWUR FDUYmR DWLYDGR 7RWDO D SUD]R 5

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( FP

WLD *DUDQ 75$

*DUDQWLD GR IDEULFDQWH DQR /DYD /RXoDV (Q[iJ H TXHQWH (OHFWUROX[ /( % %5 6LVWHPD GH ILOWUDJHP 'LVSHQVHU SDUD GHWHUJHQWH 3RWrQFLD : $ 9LVWD 5 [ [ 5 VHP MXURV 7LSR SLVR 'HVOLJDPHQWR DXWRPiWLFR 2X [ [ 5 3RUWD GH YLGUR WHPSHUDGR 7RWDO D SUD]R 5

%$,;2 &216802 '( (1(5*,$

'HSXUDGRU % (OHFWUROX[ '( % %5

(;

)81d¯(6 /$9$ (1;É*8$ 6(&$

WLD *DUDQ 75$

$12 5

352*5$0$6 '( /$9$*(0

9(/2&,'$'(6

&$3$&,'$'(6 '( 6(59,d26

$12 5

6SOLW %WXV (OHFWUROX[ &%83( ) 3, )

$12 5

)81d®2 '(385$'25 ( (;$86725

P F

*DUDQWLD GR IDEULFDQWH DQR &RPSUHVVRU URWDWLYR $FLRQDPHQWR HOHWU{QLFR PDQXDO $ 9LVWD 5 7LPHU [ [ 5 VHP MXURV &RQWUROH UHPRWR 2X [ [ 5 *DELQHWH SOiVWLFR 7RWDO D SUD]R 5 6DtGD GR DU LQIHULRU

G R )D E

FP 6SOLW %WXV (OHFWUROX[ 7( ) 7, )

&2035$ 3527(*,'$

%786

* DUD

WLD

%$,;2 &216802 '( (1(5*,$

$QRV

&/$66( $

%786

&/$66( $

%$,;2 &216802 '( (1(5*,$

&2035$ 3527(*,'$

)RJmR % &RQVXO )DFLOLWH &) $%81$ %5

)RJmR % %UDVWHPS &OHDQ 0D[L %) $% %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV IL[DV ,OXPLQDomR QR IRUQR

*DUDQWLD GR IDEULFDQWH DQR 3UDWHOHLUDV DXWRGHVOL]DQWHV ,OXPLQDomR QR IRUQR

$12 5

WLD *DUDQ 75$

(;

$126 5

$12 5

WLD *DUDQ 75$

(;

$126 5

)RUQR $ *iV (OHFWUROX[ 2* 0; ,1 (0%

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR &DSDFLGDGH LQWHUQD / ,OXPLQDomR LQWHUQD 3UDWHOHLUD UHPRYtYHO $SDUDGRU GH UHVtGXRV 9LGUR QD SRUWD )XQFLRQDPHQWR HQHUJLD JiV $12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

)RJmR % (OHFWUROX[ &HOHEUDWH '7% %5

)RJmR % (OHFWUROX[ &HOHEUDUH '7% %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV DXWRGHVOL]DQWHV 'XSOR IRUQR ,OXPLQDomR QR IRUQR 7LPHU

*DUDQWLD GR IDEULFDQWH DQR 0HVD GH LQR[ 3UDWHOHLUDV DXWRGHVOL]DQWHV 7DPSD GH YLGUR ,OXPLQDomR QR IRUQR 7LPHU

$12 5

WLD *DUDQ 75$

(;

$126 5

$12 5

WLD *DUDQ 75$

(;

$126 5

::: %(02/ &20 %5 6(59,d26 ( 352'8726 ',6321Ì9(,6 9,$ ,17(51(7 K

/ LQKD %UDQFD &2035$ 3527(*,'$

5 &2035$ 3527(*,'$

/DYDGRUD &RQVXO &:, $ %5

352*5$0$6 '( /$9$*(0

&(175,)8*$d®2

FP FP

WLD *DUDQ 75$

(;

FP &HQWUtIXJD $UQR &ODVVLF 1&5$

*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP WXUELOKmR 7LSR GH FRQWUROH PDQXDO 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU S DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV $12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&/$66( $

%$,;2 &216802 '( (1(5*,$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$7e .*

*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH VHFDJHP &HQWULIXJD 7LSR GH FRQWUROH DXWRPiWLFR $FDEDPHQWR GR FHVWR SOiVWLFR

$126 5

$7e .*

352*5$0$6 '( /$9$*(0

*DUDQWLD GR IDEULFDQWH DQR 1tYHLV GH iJXD 6LVW GH ODYDJHP WXUELOKRQDPHQWR 7LSR GH FRQWUROH PHFkQLFR &HVWR HP SROLSURSLOHQR 3URJUDPD GH HQ[iJ HV $12 5

WLD *DUDQ 75$

(;

$126 5

&2035$ 3527(*,'$

5 &2035$ 3527(*,'$

&2035$ 3527(*,'$

$7e .*

&(175,)8*$d®2

$12 5

WLD *DUDQ 75$

(;

$7e .*

6LVW GH ODYDJHP WXUELOKmR 7LSR GH FRQWUROH PHFkQLFR 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV

352*5$0$6 '( /$9$*(0

%$,;2 &216802 '( (1(5*,$

352*5$0$6 '( /$9$*(0

&(175,)8*$d®2

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU 7LSR GH FRQWUROH PHFkQLFR 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV $12 5

WLD *DUDQ 75$

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&/$66( $

%$,;2 &216802 '( (1(5*,$

$7e .*

352*5$0$6 '( /$9$*(0

&(175,)8*$d®2

$126 5

*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU 7LSR GH FRQWUROH PHFkQLFR 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV $12 5

WLD *DUDQ 75$

(;

$126 5

&/$66( $

%$,;2 &216802 '( (1(5*,$

$7e .*

&/$66( $

%$,;2 &216802 '( (1(5*,$

352*5$0$6 '( /$9$*(0

$7e .*

352*5$0$6 '( /$9$*(0

&(175,)8*$d®2

%$,;2 &216802 '( (1(5*,$

&(175,)8*$d®2

&/$66( $

$7e .*

&(175,)8*$d®2

F P

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

FP &2035$ 3527(*,'$

&2035$ 3527(*,'$

/DYDGRUD &RQVXO )DFLOLWH &:& $%$1$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU 7LSR GH FRQWUROH PHFkQLFR 1tYHLV GH iJXD &HVWR HP SROLSURSLOHQR 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV

*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU 7LSR GH FRQWUROH HOHWU{QLFR 1tYHLV GH iJXD &HVWR HP LQR[ 'LVSHQVHU S DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV

$12 5

/DYDGRUD %UDVWHPS %:/ $%$ %5

,62

WLD *DUDQ 75$

(;

$126 5

$12 5

WLD *DUDQ 75$

(;

$126 5

/DYDGRUD 6HFDGRUD (OHFWUROX[ /67 %5

/DYDGRUD 6HFD /* :' $' 35

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 6LVWHPD GH ODYDJHP DJLWDGRU &RQWUROH PHFkQLFR H HOHWU{QLFR QtYHLV GH iJXD &HVWR HP LQR[ 'LVSHQVHU SDUD DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV

*DUDQWLD GR IDEULFDQWH DQR $TXHFLPHQWR GH iJXD 6LVWHPD GH ODYDJHP WRPEDPHQWR 7LSR GH FRQWUROH PHFkQLFR HOHWU{QLFR 1tYHO GH iJXD DXWRPiWLFR &HVWR HP DoR LQR[ 'LVSHQVHU S DPDFLDQWH DOYHMDQWH 3URJUDPD GH HQ[iJ HV

35(),5$ 48(0 6( (6)25d$ ',$5,$0(17( 3$5$ 2)(5(&(5 2 0(/+25 $7(1',0(172

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

%$,;2 &216802 '( (1(5*,$

&/$66( $

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&/$66( $

/DYDGRUD %UDVWHPS %:% $% %5

/DYDGRUD (OHFWUROX[ /7( %5

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

$7e .*

$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5

&/$66( $

%$,;2 &216802 '( (1(5*,$

/DYDGRUD $UQR /DYHWH 6XSHU 0/

&2035$ 3527(*,'$

)RWRV PHUDPHQWH LOXVWUDWLYDV

9DULHGDGHV

9(/2&,'$'(6 ',Ç0(752

9(/2&,'$'(6 &2035$ 3527(*,'$

&21752/( 5(0272

',Ç0(752

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( 0$1$86 9$/,'$'(

$ 9LVWD 5 [ [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

9(/2&,'$'(6

$12 5

9HQWLODGRU 'H 0HVD %ODFN ( 'HFNHU 97 3%5 37

9HQWLODGRU 'H 7RUUH (OHFWUROX[ 6OLP 97/ 37

7URFD *DUDQWLGD

*DUDQWLD GR IDEULFDQWH DQR 2VFLODomR KRUL]RQWDO 'LkPHWUR WRUUH *UDGH UHPRYtYHO 3RWrQFLD : $OWXUD Pi[LPD 0 3RUWD ILR 0DWHULDO GD JUDGH SOiVWLFR $MXVWH GH DOWXUD

$126 5

9HQWLODGRU 'H 0HVD 0RQGLDO 9 3. *DUDQWLD GR IDEULFDQWH DQR 2VFLODomR $MXVWH GH LQFOLQDomR $ 9LVWD 5 [ [ 5 VHP MXURV *UDGH UHPRYtYHO 3RWrQFLD : 2X [ [ 5 0DWHULDO GD JUDGH SOiVWLFR 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 2VFLODomR $MXVWH GH LQFOLQDomR *UDGH UHPRYtYHO 0DWHULDO GD JUDGH PHWDO 3RWrQFLD :

&2035$ 3527(*,'$

$12 5

7URFD *DUDQWLGD

$126 5

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ ,'(17,),&$'25 '( &+$0$'$6

)5(48È1&,$

)HUUR (OHFWUROX[ %UHH]H ', %5 $=

&2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

5 ,'(17,),&$'25 '( &+$0$'$6

9,9$ 92=

*DUDQWLD GR IDEULFDQWH DQR %DVH UHYHVWLGD HP 7HIORQ /kPSDGD SLORWR 6LVWHPD GH DXWROLPSH]D 6DOYD ERW}HV

9$325 635$<

*5É7,6 80$ 6(0, -Ð,$

$12 5

7URFD *DUDQWLGD

*+=

7HOHIRQH ,QWHOEUDV 'HFW 6 )LR 76 9 37

)5(48È1&,$

*+=

0(0Ð5,$ 5(*,67526

2 5$0$/ 32'(5É 6(5 $'48,5,'2 6(3$5$'$0(17(

$126 5

*5É7,6

&2035$ 3527(*,'$

9,9$ 92=

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR ([SDQVmR SDUD UDPDLV 'LVSOD\ LOXPLQDGR /RFDOL]DGRU GR PRQRIRQH 0HORGLDV GH WRTXH SROLI{QLFRV 9ROXPHV GH WRTXH QtYHLV %DWHULD VWDQGE\ XVR K K $GDSWDGRU $ &

7HOHIRQH ,QWHOEUDV 6 )LR 76 9 &RUDO

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR ([SDQVmR SDUD UDPDLV DWp %ORTXHLR WLSR HOHWU{QLFR 'LVSOD\ LOXPLQDGR 0HORGLDV GH WRTXH WLSRV 9ROXPHV GH WRTXH QtYHLV %DWHULD VWDQGE\ XVR K K $GDSWDGRU $ & 'LVSRQtYHO WDPEpP QDV FRUHV EUDQFR H SUHWR

*5É7,6

$63,5$ É*8$ )81d®2 62352 '(6/,*$0(172 $8720É7,&2

$VSLUDGRU (OHFWUROX[ )OH[ 6 $= &= &2035$ 3527(*,'$

)RWRV PHUDPHQWH LOXVWUDWLYDV

$12 5

$VSLUDGRU (OHFWUROX[ 1HR

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

7URFD *DUDQWLGD

$126 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : &RPSULPHQWR GR ILR 0 $FHVVyULR %RFDO SDUD FDQWR IUHVWDV SLVR HVWRIDGRV H HVFRYD

&2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : &RPSULPHQWR GR ILR 0 3RUWD ILR &DSDFLGDGH GR FROHWRU / 3RUWD DFHVVyULR $FHVVyULR WXER SURORQJDGRU H ERFDLV SDUD VXSHUItFLHV $12 5

7URFD *DUDQWLGD

$126 5

&2035$ 3527(*,'$

/DYDGRUD 'H 3UHVVmR (OHFWUROX[ ( :DVK $0

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD .: 3UHVVmR EDU SVL 9D]mR GH iJXD O K $FLRQDGR SRU JDWLOKR *DWLOKR F WUDYD 5HFLSLHQWH S GHWHUJHQWH &RPSULPHQWR GR ILR 0 3RUWD DFHVVyULRV

9DSRUL]DGRU 'H 5RXSD 0RQGLDO 35(0 93

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 7LSR 9DSRU /kPSDGD SLORWR $FHVVyULRV 3RWrQFLD :

48$/,'$'( 9$/25,=( 6(8 ',1+(,52 &2035$1'2 48$/,'$'(

&2035$ 3527(*,'$

9DULHGDGHV

$126 5

*DUDQWLD GR IDEULFDQWH DQR )XQomR OLPSDU SXOVDU &RSR HP DFUtOLFR 3RUWD ILR &2035$ 3527(*,'$ 3RWrQFLD : 5

$12 5

7URFD *DUDQWLGD

$126 5

$12 5

7URFD *DUDQWLGD

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR )XQomR OLPSDU SXOVDU &RSR HP DFUtOLFR 3RUWD ILR 3RWrQFLD :

)XQomR SXOVDU &RSR DFULQRQLWULOR HVWLUHQR 3RUWD ILR 3RWrQFLD : $FHVVyULR ILOWUR H HVSiWXOD

$12 5

7URFD *DUDQWLGD

$12 5

$126 5

D QWH

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 )XQomR OLPSDU SXOVDU &RSR HP DFUtOLFR 3RUWD ILR 3RWrQFLD : $12 5

7URFD *DUDQWLGD

G R )D E

/LTXLGLILFDGRU :DOLWD 5, 37

7URFD *DUDQWLGD

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ &DIHWHLUD (OHFWUROX[ 3URPR &0352 37

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 'LVSRVLWLYR FRUWD SLQJRV /kPSDGD SLORWR 7DPDQKR GR ILOWUR FP 7HQVmR 9 3ODFD DTXHFHGRUD $FHVVyULR

$7e ;Ì&$5$6

$12 5

6DQGXLFKHLUD %ODFN ( 'HFNHU +* 7

7URFD *DUDQWLGD

$12 5

9(/2&,'$'(6

$126 5

7URFD *DUDQWLGD

9(/2&,'$'(6 /

$126 5

*DUDQWLD GR IDEULFDQWH DQR $ 9LVWD 5 3RWrQFLD : [ [ 5 VHP MXURV 7HUPRVWDWR 2X [ [ 5 /kPSDGD SLORWR 7RWDO D SUD]R 5 7UDYD GH VHJXUDQoD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

9$325 6(&2

635$<

$12 5

7URFD *DUDQWLGD

$126 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7HUPRVWDWR /kPSDGD SLORWR 7UDYD GH VHJXUDQoD

$12 5

7URFD *DUDQWLGD

*DUDQWLD GR IDEULFDQWH DQR &RQVXPR GH HQHUJLD : K /kPSDGD SLORWR 3RWrQFLD : $FHVVyULR EDQGHMD FROHWRUD HVSiWXOD

$126 5

$12 5

7URFD *DUDQWLGD

$126 5

$ 9LVWD 5 [ [ 5 VHP MXURV [ 2X [ [ 5 7RWDO D SUD]R 5

7URFD *DUDQWLGD

$126 5

)HUUR %ODFN ( 'HFNHU ;7

$12 5

7URFD *DUDQWLGD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR )XQomR OLPSDU SXOVDU &RSR HP DFUtOLFR 3RUWD ILR 3RWrQFLD : &2035$ 3527(*,'$ $FHVVyULR ILOWUR 5

*DUDQWLD GR IDEULFDQWH DQR )XQomR OLPSDU H SXOVDU &RSR HP SOiVWLFR 3RUWD ILR &2035$ 3527(*,'$ 3RWrQFLD : 5

)HUUR %ODFN ( 'HFNHU ; . %5

*DUDQWLD GR IDEULFDQWH DQR %DVH UHYHVWLGD HP DOXPtQLR /kPSDGD SLORWR 6LVWHPD GH DXWROLPSH]D 6DOYD ERW}HV 3RWrQFLD : &RQVXPR GH HQHUJLD : K

*ULOO %ODFN ( 'HFNHU 0DLV 6D~GH *6 %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&2035$ 3527(*,'$

6DQGXLFKHLUD (OHFWUROX[ *ULOO 6*

/LTXLGLILFDGRU $UQR &OLF ( /DY /1 90 %5

/LTXLGLILFDGRU (OHFWUROX[ 6LOHQFLRVR 36% 37

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

7URFD *DUDQWLGD

*DUDQWLD GR IDEULFDQWH DQR )XQomR OLPSDU SXOVDU &RSR HP DFUtOLFR 3RUWD ILR &2035$ 3527(*,'$ 3RWrQFLD : 5

/LTXLGLILFDGRU 3KLOLSV 5, 35

$QRV

WLD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

9$325 6(&2

635$<

*DUDQWLD GR IDEULFDQWH DQR %DVH UHYHVWLGD HP LQR[ /kPSDGD SLORWR 6LVWHPD GH DXWROLPSH]D 6DOYD ERW}HV 3RWrQFLD : $12 5

7URFD *DUDQWLGD

$126 5

&KDOHLUD $UQR +RW ([SUHVV .DH[

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 7DPSD FRP WUDYD GH VHJXUDQoD %DVH JLUDWyULD 'HVOLJDPHQWR DXWRPiWLFR

&$57®2 35(6(17( $&(57( 1$ (6&2/+$ ( $*5$'( 6(035( ',6321Ì9(/ 126 9$/25(6 '( 5 5 5 ( 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR YHORFLGDGH )XQomR OLPSDU SXOVDU &RSR HP SOiVWLFR RSDFR 3RUWD ILR &2035$ 3527(*,'$ 3RWrQFLD : 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

/LTXLGLILFDGRU 0RQGLDO 9LWDPL[ 1/ %535

G R )D E

* DUD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

/LTXLGLILFDGRU %ODFN ( 'HFNHU 9 &RSR 7UDQV ./,%

$QRV

WLD

&2035$ 3527(*,'$

/LTXLGLILFDGRU 0RQGLDO 'LQDP / 37 35

/LTXLGLILFDGRU %ODFN ( 'HFNHU 9 &RSR 2SDFR ./,%

* DUD

9(/2&,'$'(6 /

9(/2&,'$'(6

D QWH

08/7,9(/2&,'$'(6

9(/2&,'$'(6 /

8 7 2 & / $

&2035$ 3527(*,'$

6 6 ( $

35 2 '

/ LQKD %UDQFD &216802 '( (1(5*,$

$12 5

5 0È6 RX : K

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

)ULJREDU &RQVXO &5& $%$ / %5

$126 5

(;

'HJHOR FRQJ PDQXDO 'HJHOR UHIULJ PDQXDO &RQWUROHV LQWHUQRV 3RUWD UHYHUVtYHO &DSDFLGDGH GR FRQJHODGRU / 3RUWD ODWD

*DUDQWLD GR IDEULFDQWH DQR

WLD *DUDQ 75$

&2035$ 3527(*,'$

&RQJHODGRU (OHFWUROX[ + / %5

WLD *DUDQ 75$

$126 5

(;

&2035$ 3527(*,'$

7(&/$ &21*(/$0(172 5É3,'2

$12 5

WLD *DUDQ 75$

$126 5

(;

3e6 &20 52',1+$6

&216802 '( (1(5*,$

5 0È6 RX : K

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR 1tYHO HFRQ{PLFR FODVVH ' )XQomR UHIULJHUDGRUD 3RVLomR KRUL]RQWDO 5HYHVWLPHQWR DoR SLQWDGR &HVWR SDUD HVWRFDJHP 3DLQHO GH FRQWUROH

&216802 '( (1(5*,$

8 7 2 & / $

5 0È6 RX : K

)UHH]HU &RQVXO &+% &%$ / %5

35 2 '

&216802 '( (1(5*,$

5 0È6 RX : K

FP &2035$ 3527(*,'$

5 WLD *DUDQ 75$

$12 5

(;

&2035$ 3527(*,'$

$126 5

*HODGHLUD 'HJHOR FRQJ PDQXDO &RQWLQHQWDO 58&7 0 / %5 'HJHOR UHIULJ VHPL DXWRPiWLFR &RQWUROHV H[WHUQR 3RUWD UHYHUVtYHO $ 9LVWD 5 [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV 3UDWHOHLUDV UHPRYtYHLV 7RWDO D SUD]R 5 3RUWD ODWLFtQLR 3RUWD ODWD *DUDQWLD GR IDEULFDQWH DQR

$12 5

WLD *DUDQ 75$

$126 5

(;

*HODGHLUD &RQVXO *DUDQWLD GR IDEULFDQWH DQR &5$ )%$ / %5 'HJHOR FRQJ PDQXDO 'HJHOR UHIULJ PDQXDO &RQWUROHV ,QWHUQRV $ 9LVWD 5 [ [ 5 VHP MXURV 3RUWD UHYHUVtYHO 2X [ [ 5 &DSDFLGDGH GR FRQJHODGRU / 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 7RWDO D SUD]R 5

35 2 '

&216802 '( (1(5*,$

5 0È6 RX : K

8 7 2 & / $

6 6 ( $

&216802 '( (1(5*,$

5 0È6 RX : K

8 7 2 & / $

6 6 ( $

35 2 '

8 7 2 & / $

6 6 ( $

8 7 2 & / $

6 6 ( $

35 2 '

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248( FP

$12 5

&216802 '( (1(5*,$

5 0È6 RX : K

/ FP

)5267 )5((

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

8 7 2 & / $

6 6 ( $

*DUDQWLD GR IDEULFDQWH DQR 1tYHO HFRQ{PLFR FODVVH ( )XQomR UHIULJHUDGRUD 3RVLomR KRUL]RQWDO 5HYHVWLPHQWR HP DoR ]LQFDGR &HVWR SDUD HVWRFDJHP 3DLQHO GH FRQWUROH ODWHUDO

7(&/$ &21*(/$0(172 5É3,'2

6 6 ( $

3e6 &20 52',1+$6

35 2 '

&216802 '( (1(5*,$

)(&+$'85$6 1$6 3257$6

5 0È6 RX : K

)RWRV PHUDPHQWH LOXVWUDWLYDV

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&2035$ 3527(*,'$

5 $12 5

WLD *DUDQ 75$

(;

*HODGHLUD (OHFWUROX[ *DUDQWLD GR IDEULFDQWH DQR 5( / %5 9 'HJHOR FRQJ PDQXDO 'HJHOR UHIULJ PDQXDO &RQWUROHV H[WHUQRV $ 9LVWD 5 [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3RUWD ODWD 7RWDO D SUD]R 5

$126 5

*HODGHLUD &RQVXO )) &5% $% / %5

$12 5

WLD *DUDQ

(;75

$126 5

*DUDQWLD GR IDEULFDQWH DQR &RQWUROHV H[WHUQRV 3RUWD UHYHUVtYHO $ 9LVWD 5 [ [ 5 VHP MXURV &DSDFLGDGH GR FRQJHODGRU / 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3RUWD ODWLFtQLR ODWDV 7RWDO D SUD]R 5

$12 5

&2035$ 3527(*,'$

$12 5

WLD *DUDQ

(;75

$126 5

*HODGHLUD &RQVXO &') &5' (%$1$ / %5 *DUDQWLD GR IDEULFDQWH DQR 'HJHOR FRQJ UHIULJ PDQXDO &RQWUROHV ,QWHUQRV $ 9LVWD 5 [ [ 5 VHP MXURV 3RUWD UHYHUVtYHO 2X [ [ 5 &DSDFLGDGH FRQJHODGRU / 3UDWHOHLUDV UHPRYtYHLV 7RWDO D SUD]R 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR 1tYHO HFRQ{PLFR FODVVH & 'HJHOR PDQXDO &DSDFLGDGH WRWDO / &RQJHODPHQWR UiSLGR $ 9LVWD 5 [ [ 5 VHP MXURV &HVWRV JDYHWDV UHPRYtYHLV 2X [ [ 5 3DLQHO GH FRQWUROH H[WHUQR 3RVLomR YHUWLFDO 7RWDO D SUD]R 5 )UHH]HU &RQVXO &98 '% / %5

::: %(02/ &20 %5 6(59,d26 ( 352'8726 ',6321Ì9(,6 9,$ ,17(51(7 K

&216802 '( (1(5*,$

&2035$ 3527(*,'$

*HODGHLUD $12 (OHFWUROX[ )) 5)( / %5 5

WLD

*DUDQ

$126 5

(;75

*DUDQWLD GR IDEULFDQWH DQR &RQWUROHV LQWHUQR H[WHUQR $ 9LVWD 5 [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3RUWD ODWLFtQLR 7RWDO D SUD]R 5

WLD *DUDQ 75$

$12 5

(;

&2035$ 3527(*,'$

*HODGHLUD &RQWLQHQWDO *DUDQWLD GR IDEULFDQWH DQR )) 5)&7 / %5 &RQWUROHV LQWHUQR 3RUWD UHYHUVtYHO &DSDFLGDGH FRQJHODGRU / $ 9LVWD 5 [ [ 5 VHP MXURV 3UDWHOHLUDV UHJXOiYHLV 2X [ [ 5 3UDWHOHLUDV UHPRYtYHLV 3RUWD ODWD 7RWDO D SUD]R 5

&2035$ 3527(*,'$

$126 5

*HODGHLUD &RQVXO )) &50 (%$1$ / %5

$12 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR $ 9LVWD 5 &RQWUROHV LQWHUQRV [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 7RWDO D SUD]R 5 3RUWD ODWLFtQLR ODWDV

$12 5

&RQJHODGRU (OHFWUROX[ ))( / %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR &RQJHODPHQWR UiSLGR 1tYHO HFRQ{PLFR FODVVH ' &HVWRV H JDYHWDV UHPRYtYHLV 3RVLomR YHUWLFDO

&216802 '( (1(5*,$

35 2 '

&216802 '( (1(5*,$

5 0È6 RX : K

8 7 2 & / $

6 6 ( $

&216802 '( (1(5*,$

8 7 2 & / $

6 6 ( $

8 7 2 & / $

6 6 ( $

8 7 2 & / $

6 6 ( $

35 2 '

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

&216802 '( (1(5*,$

5 0È6 RX : K

P F

)5267 )5((

)5267 )5(( F

P FP

FP &2035$ 3527(*,'$

&2035$ 3527(*,'$

*HODGHLUD (OHFWUROX[ '& ; / ,1

5 $12 5

WLD *DUDQ 75$

(;

&2035$ 3527(*,'$

$12

DQWLD

$126

*HODGHLUD (OHFWUROX[ 5 *(DU;75$ 5 (; )) ') ; / ,1 $ 9LVWD 5 'HJHOR FRQJ PDQXDO [ [ 5 VHP MXURV 'HJHOR UHIULJ DXWRPiWLFR *DUDQWLD GR IDEULFDQWH DQR *DUDQWLD GR IDEULFDQWH DQR &RQWUROHV H[WHUQRV 2X [ [ 5 &RQWUROHV LQWHUQRV $ 9LVWD 5 $ 9LVWD 5 &RQWUROHV H[WHUQRV &DSDFLGDGH FRQJHODGRU / 7RWDO D SUD]R 5 [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 2X [ [ 5 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3RUWD ODWD 3RUWD ODWLFtQLR ODWDV *DUDQWLD GR IDEULFDQWH DQR 7RWDO D SUD]R 5 7RWDO D SUD]R 5 3RUWD ODWLFtQLR ODWDV *HODGHLUD (OHFWUROX[ ') / %5

$12 5

WLD *DUDQ 75$

$126 5

&2035$ 3527(*,'$

$126 5

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

P F

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

)5267 )5((

5 0È6 RX : K

)5267 )5((

&216802 '( (1(5*,$

5 0È6 RX : K

*HODGHLUD %UDVWHPS )) %50 15 / ,1

$12 5

WLD *DUDQ 75$

(;

$126 5

*DUDQWLD GR IDEULFDQWH DQR &RQWUROHV H[WHUQRV $ 9LVWD 5 [ [ 5 VHP MXURV &DSDFLGDGH FRQJHODGRU / 2X [ [ 5 3UDWHOHLUDV UHJXOiYHLV UHPRYtYHLV 3RUWD ODWLFtQLR ODWDV 7RWDO D SUD]R 5

&$57®2 35(6(17( $&(57( 1$ (6&2/+$ ( $*5$'( 6(035( ',6321Ì9(/ 126 9$/25(6 '( 5 5 5 ( 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

&216802 '( (1(5*,$

5 0È6 RX : K

35 2 '

8 7 2 & / $

6 6 ( $

&216802 '( (1(5*,$

5 0È6 RX : K

8 7 2 & / $

6 6 ( $

35 2 '

/ LQKD %UDQFD

9DULHGDGHV &DIHWHLUD $UQR 3HUIHFWWD ; &$)3

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$7e ;Ì&$5$6

7URFD *DUDQWLGD

$12 5

%DWHGHLUD 0RQGLDO 3UHPLXP %

*DUDQWLD GR IDEULFDQWH DQR 'LVSRVLWLYR FRUWD SLQJRV /kPSDGD SLORWR 7DPDQKR GR ILOWUR Q 3ODFD DTXHFHGRUD $12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$126 5

7URFD *DUDQWLGD

$126 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : )XQomR WXUER $FHVVyULR WLJHOD H EDWHGRU (VSiWXOD

&2035$ 3527(*,'$

$12 5

7URFD *DUDQWLGD

$126 5

*DUDQWLD GR IDEULFDQWH DQR )XQomR WXUER 3RWrQFLD : $FHVVyULR EDWHGRUHV H HVSiWXOD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

%DWHGHLUD :DOLWD 5, %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$12 5

&2035$ 3527(*,'$

$QRV

WLD

%DWHGHLUD %ODFN ( 'HFNHU 3RUWiWLO & 3HG %$7 %5 %5

* DUD

9(/2&,'$'(6

D QWH

9(/2&,'$'(6 /

G R )D E

/LTXLGLILFDGRU $UQR &OLF ( /DY 7RS /1 37

7URFD *DUDQWLGD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$FHVVyULR 3RWrQFLD : )XQomR WXUER

$12 5

$126 5

7URFD *DUDQWLGD

*DUDQWLD GR IDEULFDQWH DQR )XQomR OLPSDU SXOVDU &RSR HP DFUtOLFR 3RUWD ILR 3RWrQFLD : $FHVVyULR ILOWUR

$QRV

WLD

D QWH

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ * DUD

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

9(/2&,'$'(6

G R )D E

3URFHVVDGRU $UQR )UHVK ([SUHVV

&2035$ 3527(*,'$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3URFHVVDGRU :DOLWD 5,

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

7URFD *DUDQWLGD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 7HQVmR 9 3RUWD ILR 3RUWD DFHVVyULRV $FHVVyULR FRQHV FRUHV IXQo}HV 3RWrQFLD :

)XQomR SXOVDU 3RWrQFLD : 3RUWD ILR $FHVVyULR $12 5

%DWHGHLUD $UQR 'HOX[H 6; ,1 90

2%-(726 '( '(&25$d®2 0(5$0(17( ,/8675$7,926

$12 5

7URFD *DUDQWLGD

*DUDQWLD GR IDEULFDQWH DQR 3RUWD ILR 7LJHOD LQR[ 3RWrQFLD : WLSRV GH EDWHGRUHV IXQo}HV UDODU IDWLDU ILQR H JURVVR 3RWrQFLD :

9(/2&,'$'(6 /

$126 5

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

7URFD *DUDQWLGD

$126 5

*DUDQWLD GR IDEULFDQWH DQR 7HUPRVWDWR /kPSDGD SLORWR 3RWrQFLD :

0iTXLQD 'H )D]HU 3mR 0RQGLDO 3UHPLXP 3)

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR )XQomR WLPHU 3URJUDPDomR GH DWp KRUDV GH DQWHFHGrQFLD )RUPD UHPRYtYHO &RP UHYHVWLPHQWR DQWLDGHUHQWH $FRPSDQKD PDQXDO GH UHFHLWDV FRSR PHGLGRU H FROKHU GRVDWLYD

*ULOO $UQR 0LQXWH *ULO

$QRV

WLD

*ULOO :DOLWD 5, 37 35

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$12 5

D QWH

&2035$ 3527(*,'$

* DUD

)RWRV PHUDPHQWH LOXVWUDWLYDV

&,&/26 ',)(5(17(6 '( 35(3$52

G R )D E

7URFD *DUDQWLGD

7HUPRVWDWR /kPSDGD SLORWR $FHVVyULR EDQGHMD FROHWRUD GH JRUGXUD 3RWrQFLD :

752&$ *$5$17,'$ 325 80 3(48(12 &8672 $',&,21$/ 92&È *$5$17( 3527(d®2 (;75$ 3$5$ 6(8 (/(7523257É7,/ $ *$5$17(&+ $66(*85$ $ 752&$ (0 &$62 '( '()(,726 3(662$6 )Ì6,&$6 620(17(

9DULHGDGHV &2035$ 3527(*,'$

9(/2&,'$'(6 )81d¯(6 '(3,/$'25 ( 0$66$*($'25

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

7URFD *DUDQWLGD

$126 5

'HSLODGRU 3KLOLSV 6DWLQHOOH +3 %5

$126 5

9(/2&,'$'(6

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : &DEHoD UHPRYtYHO 6LVWHPD SLQoDV URWDWLYDV

)81d¯(6 '(3,/$d®2 ( &257(

3RWrQFLD : 6LVWHPD GLVFRV URWDWLYRV $ 9LVWD 5 [ [ 5 VHP MXURV GLVFRV 2X [ [ 5 $FHVVyULRV DOoD HUJRQ{PLFD &DEHoD GH GHSLODomR 7RWDO D SUD]R 5

0iTXLQD 'H &RUWDU &DEHOR *DPD 352 $0&

$12 5

7URFD *DUDQWLGD

0iTXLQD 'H &RUWDU &DEHOR *DPD *0 9

6HFDGRU $UQR )DVKLRQ 7ULS (OLWH 37

*DUDQWLD GR IDEULFDQWH DQR $FDEDPHQWR %DTXHOLWH 3RWrQFLD : &RPSULPHQWR GR FDER P $FHVVyULRV ERFDO FRQFHQWUDGRU GH DU

$12 5

*8,$6 '( &257(

9(/2&,'$'(6 7(03(5$785$6

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7LSR GH OkPLQD $OOR\ 8OWUD $MXVWH GH FRUWH 'LPHQVmR GDV JXLDV PP )XQFLRQDPHQWR HOpWULFR $FHVVyULRV

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7LSR GH OkPLQD DoR $MXVWH GH FRUWH 'LPHQVmR GDV JXLDV PP )XQFLRQDPHQWR HOpWULFR $FHVVyULRV

$12 5

7URFD *DUDQWLGD

*8,$6 '( &257(

$126 5

$12 5

7URFD *DUDQWLGD

$126 5

6(&$'25 $/,6$'25 $512 %($87< /,66,0$ &/,3 35(66 *2/'

&(5Ç0,&$

6HFDGRU $UQR %HOtVVLPD &OLS ( 3UH 6OLJ %UGR

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 *DUDQWLD GR IDEULFDQWH DQR /kPSDGD SLORWR

1Ì9(,6 '( 9(/2&,'$'(

7(&12/2*,$ Ì21

.LW &KDSD 6HFDGRU 0RGHO 0RQGLDO .7 3.

1Ì9(,6 '( 7(03(5$785$

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 5 $12 5

7URFD *DUDQWLGD

$126 5

3RWrQFLD : 7HPSR GH DTXHFLPHQWR PLQ 7HPSHUDWXUD QtYHO 7HPSHUDWXUD DOFDQoDGD & &RPSULPHQWR GR FDER 0

$12 5

7URFD *DUDQWLGD

7(&12/2*,$ Ì21

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 9HORFLGDGH 7HPSHUDWXUD $FDEDPHQWR EDTXHOLWH &RPSULPHQWR GR FDER 0 $FHVVyULRV %RFDO FRQFHQWUDGRU GH DU

&2035$ 3527(*,'$

&(5Ç0,&$

6HFDGRU *DPD 6LOYHU 7HFK $66 35

$12 5

.LW &KDSD 6HFDGRU *DPD $.9 37

3RWrQFLD : &RPSULPHQWR GR FDER 0 %LFRV GLUHFLRQDGRUHV GH DU

$126 5

$12 5

7URFD *DUDQWLGD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$126 5

7URFD *DUDQWLGD

$126 5

3RWrQFLD : /kPSDGD SLORWR 7HPSR GH DTXHFLPHQWR VHJ QtYHO GH WHPSHUDWXUD 7HPSHUDWXUD DOFDQoDGD & &RPSULPHQWR GR FDER 0

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

'HSLODGRU 0RQGLDO (OHW (OOHJDQFH '3

&2035$ 3527(*,'$

&(5Ç0,&$

1Ì9(/ '( 9(/2&,'$'(

7(&12/2*,$ Ì21

1Ì9(,6 '( 7(03(5$785$

&(5Ç0,&$ 7(&12/2*,$ Ì21

7(&12/2*,$ Ì21

&(5Ç0,&$

0RGHODGRU *DPD 6LOYHU 7HFK 00 $'0

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 /kPSDGD SLORWR 3RWrQFLD : $FDEDPHQWR $%6 &DER HPERUUDFKDGR 7HQVmR ELYROW $12 5

7URFD *DUDQWLGD

QWLD *DUD75$

(;

$126 5

&KDSD $UQR 0RGHODGRUD /LVV ( 6W\OH /LVS %5

&KDSD *DPD ,QIUDUHG $33 90

7(&12/2*,$ Ì21

&KDSD $UQR 5HVSHFW %HDXW\ 5HVS

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : /kPSDGD SLORWR 7HPSR GH DTXHFLPHQWR VHJ 7HPSHUDWXUD QtYHLV 7HPSHUDWXUD DOFDQoDGD & &RPSULPHQWR GR FDER 0

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : /kPSDGD SLORWR 7HPSR GH DTXHFLPHQWR VHJ 7HPSHUDWXUD QtYHO 7HPSHUDWXUD DOFDQoDGD & &RPSULPHQWR GR FDER 0

*DUDQWLD GR IDEULFDQWH DQR 3RWrQFLD : 7HPSHUDWXUD QtYHLV /kPSDGD SLORWR 7HPSR GH DTXHFLPHQWR VHJ 7HPSHUDWXUD DOFDQoDGD &RPSULPHQWR GR FDER P

$12 5

7URFD *DUDQWLGD

$126 5

$12 5

7URFD *DUDQWLGD

$126 5

$12 5

7URFD *DUDQWLGD

$126 5

$12 5

7URFD *DUDQWLGD

$126 5

*$5$17,$ (;75$ 28 $126 $ 0$,6 '( 3527(d®2 (0 68$6 &2035$6 325 80 3(48(12 &8672 $',&,21$/ 3(662$6 )Ì6,&$6 620(17(

)RWRV PHUDPHQWH LOXVWUDWLYDV

&KDSD $UQR 0RGHODGRUD (OLWH 'LJLWDO 37

0yYHLV

126626

6(59,d26 FP

&$57®2 ( %Ñ186

3DUFHOH VXDV FRPSUDV FRP FRPRGLGDGH H DFXPXOH SRQWRV SDUD VXDV SUy[LPDV FRPSUDV

FP FP

&5(',É5,2 35Ð35,2

&UHGLiULR SUySULR IOH[tYHO H SHUVRQDOL]DGR

WLD *DUDQ 75$

$12 5

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 WLD *DUDQ 75$

$12 5

(;

3& +(/3

'XDV YLVLWDV WpFQLFDV SDUD LQVWDODomR H VXSRUWH GR VHX FRPSXWDGRU RX QRWHERRN

(;

5RXSHLUR 3 * .DSSHVEHUJ ,) 52

WLD *DUDQ 75$

9RFr SRGH WURFDU RX FDQFHODU D FRPSUD HP DWp GLDV

%HUoR .DSSHVEHUJ ,) 52

WLD *DUDQ 75$

$12 5

(;

&2035$ 3527(*,'$

3URWHMD VHX SURGXWR FRQWUD GDQRV H DFLGHQWHV QmR FREHUWRV SHOR IDEULFDQWH GXUDQWH R SUD]R GH JDUDQWLD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

$12 5

(;

WLD *DUDQ 75$

(/(7523257É7(,6

(;

3RU XP SHTXHQR FXVWR DGLFLRQDO YRFr JDUDQWH SURWHomR H[WUD SDUD VHX HOHWURSRUWiWLO $ *DUDQWHFK DVVHJXUD D WURFD HP FDVR GH GHIHLWRV SHVVRDV ItVLFDV VRPHQWH

QWLD *DUD75$

(;

9,'$ /21*$ 3$5$ 6(86 352'8726

RX DQRV D PDLV GH SURWHomR HP VXDV FRPSUDV SRU XP SHTXHQR FXVWR DGLFLRQDO SHVVRDV ItVLFDV VRPHQWH

FP P

P FP

0HVD &HQWUR $UWHO\ 6DDUD &= 37

-RJRV SDJDPHQWRV GH FRQWDV UHFHELPHQWR GH EHQHItFLRV VDTXHV GD &DL[D H %% FUpGLWR GH FHOXODU HWF 3UHVHQWHV HP ORMDV GD %HPRO

FP 2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

5DFN $UWHO\ *ROI &= 37

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 $12 5

WLD *DUDQ 75$

$12 5

(;

%XIIHW 3 5LPR &DSDUy ,0%

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

6DOD 3 5LPR &DSDUy 9'5 ,0% $ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

$12 5

(;

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

FP 2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

$12 5

&{PRGD * .DSSHVEHUJ 6 7&, 37

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

(;

ZZZ EHPRO FRP EU

6HUYLoRV H SURGXWRV GLVSRQtYHLV YLD LQWHUQHW K

+25É5,26 (67(1','26

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

&$57®2 35(6(17(

$FHUWH QD HVFROKD H DJUDGH VHPSUH 'LVSRQtYHO QRV YDORUHV GH 5 5 5 H 5

(;

WLD *DUDQ 75$

&DPD &DVDO .DSSHVEHUJ 6 7&, 37

WLD *DUDQ 75$

&ULDGR 0XGR * .DSSHVEHUJ 6 7&, 37

/,67$ '( 35(6(17(6

)DFLOLWH D HVFROKD GH VHXV FRQYLGDGRV GHL[DQGR D OLVWD QD %HPRO RX HP QRVVR VLWH ZZZ EHPRO FRP EU

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

%DOFmR 3 * ,WDWLDLD ,WDQHZ ,* * ' %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

$12 5

(;

*$5$17,$ %(02/ '( 6$7,6)$d®2

WLD *DUDQ 75$

&{PRGD * .DSSHVEHUJ ,) 52

5(1(*2&,( 6(86 &2175$726

5HSDFWXDomR GLVSRQtYHO HP TXDOTXHU ORMD GH IRUPD VLPSOHV D MXURV UHGX]LGRV

2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3DQHOHLUR 3 ,WDWLDLD ,WDQHZ ,3/'9 ' %5

$12 5

$UPiULR 3 ,WDWLDLD ,WDQHZ ,3 ' %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

FP FP

$UPiULR 3 ,WDWLDLD ,WDQHZ ,3* %5

$12 5

2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

5RXSHLUR 3 * .DSSHVEHUJ 6 7&, 37

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 $12 5

)XQFLRQDPRV DRV GRPLQJRV H IHULDGRV SDUD VXD PDLRU FRQYHQLrQFLD

&2035( ( +$%,/,7( 6(8 &(/8/$5

7RGDV DV RSHUDGRUDV QD %HPRO 6HX DSDUHOKR KDELOLWDGR QD KRUD GD FRPSUD

WLD *DUDQ 75$

(;

48$/,'$'( 9$/25,=( 6(8 ',1+(,52 &2035$1'2 48$/,'$'(

606 %(02/

&OLHQWH %HPRO UHFHEH WRUSHGRV VREUH FRPSUDV UHDOL]DGDV HQWUHJDV H OHPEUHWH GH YHQFLPHQWR

0yYHLV

3ROWURQD 3HOPH[ (FOLSVH 3 05

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

0DWHULDO 0') 0'3 3LQWXUD IRVFR $FDEDPHQWR 89 6LVWHPD GH PRQWDJHP IL[DomR

$12 5

&DSDFLGDGH OXJDU 0DWHULDO PDGHLUD IHUUR H HVSXPD 0HFDQLVPR PRYLPHQWRV 7UDWDPHQWR $QWLEURFD FXSLP 'LP DEHUWR $[/[3 [ [ FP 'LP IHFKDGR $[/[3 [ [ FP

WLD

*DUDQ

(;75

)RWRV PHUDPHQWH LOXVWUDWLYDV

&DEHFHLUD *HOLXV 3RGLXP 7% %5 03

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$ (VWRIDGR &DQWR $PHWLVWD 3257, &= 0DGHLUD GH /HL (XFDOLSWR (QFRVWR IL[R 3HUFLQWDV HOiVWLFDV QR HQFRVWR 3pV PDGHLUD 5HVLVWHQWH D FXSLQV

FP FP

(VWRIDGR &DQWR %RP 3DVWRU $YHO %*'2 FP

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 5HYHVWLPHQWR 7HFLGR &KHQLOOH 0DGHLUD GH (XFDOLSWR UHIORUHVWDGD 3pV HP 0')

FP &DPD (XURVRQR (OHJ (VS 37 '

&DPD &DVDO ,QFDEUDV 9LHQD ; 7% %5

2%-(726 '( '(&25$d®2 ( &2/&+®2 0(5$0(17( ,/8675$7,926 FP

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

(6380$

0DWHULDO 0') 3LQWXUD YHUQL] 89 $FDEDPHQWR DOWR EULOKR 6LVWHPD GH PRQWDJHP IL[DomR $12 5

WLD *DUDQ 75$

$12 5

(;

$12 5

&RSD 3 0RGHFRU * 1 37 %5

$12 5

WLD *DUDQ 75$

(;

WLD *DUDQ 75$

(;

.LW 3 * %HUWROLQL & 9LGUR %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

$VVHQWR DFROFKRDGR

(;

*DUDQWLD GR IDEULFDQWH DQR 0DWHULDO FKDSD GH DoR 3RUWD FRP YLGUR 3LQWXUD HOHWURVWiWLFD D Sy 3UDWHOHLUD UHPRYtYHO 'REUDGLoDV WLSR SUHVVmR 3X[DGRUHV WLSR $%6 PHWDOL]DGR 3pV UHJXOiYHLV 'LVSRQtYHO WDPEpP QD FRU FLQ]D

*$9(7$6 FP

3257$6

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

&RU GR DVVHQWR SUHWR 0DWHULDO FKDSD DoR $FDEDPHQWR SLQWXUD HSy[L 7DPSR WLSR JUDQLWR QDWXUDO )RUPDWR GR WDPSR UHWDQJXODU 'LVSRQtYHO WDPEpP QDV FRUHV EUDQFR OLOiV FRP EUDQFR H YHUGH FRP EUDQFR

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR &DPD FDVDO 7HFLGR 3ROLpVWHU 1tYHO GH FRQIRUWR PDFLR 3URWHomR DQWL iFDUR PRIR

$7e .*

3257$6

3DQHOHLUR 3 %HUWROLQL & 9LGUR 7%

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

*DUDQWLD GR IDEULFDQWH DQR 0DWHULDO FKDSD GH DoR 3RUWDV FRP YLGUR &ULVWDOHLUD 3X[DGRUHV WLSR $%6 PHWDOL]DGR 3LQWXUD HSy[L SROLpVWHU 3pV UHJXOiYHLV 'LVSRQtYHO WDPEpP QDV FRUHV WDEDFR H FLQ]D

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

3(d$6

$*25$ 92&È 32'( $*(1'$5 $ 68$ (175(*$ 3$5$ ',$ ( +25É5,2 '( 68$ &219(1,È1&,$ $6 7$;$6 9$5,$0 '( $ 5($,6

$ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

0yYHLV

&RSD 3 $oR 1REUH /RQ $0 $& %5 9'

P F

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3(d$6

0DWHULDO 0') $FDEDPHQWR SLQWXUD DPDGHLUDGD (VSHOKR 6LVWHPD GH PRQW PLQLIL[ JLURIL[ 'REUDGLoDV PHWiOLFDV &RUUHGLoDV PHWiOLFDV &DOFHLUR WLSR WXER PHWiOLFR 0DOHLUR *DYHWDV LQWHUQDV 3X[DGRUHV WLSR 0')

3257$6

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

)RWRV PHUDPHQWH LOXVWUDWLYDV

5RXSHLUR 3 5LPR 9HQH]D & (VS &+,

$12 5

WLD *DUDQ 75$

(;

&RSD 3 .DSSHVEHUJ 7 0 & %5 %5 %5

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

/RMDV %HPRO

#EHPRORQOLQH

ZZZ EHPRO FRP EU 6,*$ 126 ( ),48( 325 '(1752 '( 126626 /$1d$0(1726 ( 35202d¯(6

3(d$6 2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

$12 5

$VVHQWR DFROFKRDGR &RU GR DVVHQWR %HJH 0DWHULDO IHUUR FURPDGR YLGUR $FDEDPHQWR &URPDGR 7DPSR WLSR YLGUR ODSLGDGR )RUPDWR GR WDPSR UHWDQJXODU 'LVSRQtYHO WDPEpP QD FRU PDUURP $12 5

5RXSHLUR 3 * %RP 3DVWRU 4XDOL &+ 37 &+

$12 5

WLD *DUDQ 75$

(;

&RSD 3 .DSSHVEHUJ 7 0 & 9'5 &0 %5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5 FP

WLD *DUDQ 75$

3(d$6

0DWHULDO 0') 0'3 $FDEDPHQWR YHUQL] SROLpVWHU 5HVSLUR DQWL PRIR 6LVWHPD GH PRQWDJHP JLURIL[ 'REUDGLoDV SUHVVmR PHWiOLFDV &RUUHGLoDV PHWiOLFDV &DOFHLUR GH PDGHLUD 0DOHLUR 3X[DGRUHV $%6 'LVSRQtYHO WDPEpP QD FRU EUDQFR FRP SUHWR

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

3(d$6

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

*$9(7$6

$VVHQWR DFROFKRDGR &RU GR DVVHQWR SUHWR 0DWHULDO 0') $FDEDPHQWR SLQWXUD 89 7DPSR WLSR WDPSR HP 0') )RUPDWR GR WDPSR UHWDQJXODU 'LVSRQtYHO WDPEpP QD FRU LPEXLD FRP SUHWR

6DOD 3 6RPRSDU $QFRQD 73 7+ &0 %*

3257$6 $ YHQGD GD *DUDQWLD ([WUD %HPRO p H[FOXVLYD SDUD SHVVRD ItVLFD

3(d$6

0DWHULDO 0') 0'3 $FDEDPHQWR VHPL EULOKR 3LQWXUD 89 'REUDGLoDV PHWiOLFDV 6LVWHPD GH PRQWDJHP JLURIL[ $FRPRGDomR 79 VRP '9' %DU 3X[DGRUHV WLSR 39& FURPDGR 'LVSRQtYHO WDPEpP QD FRU WDEDFR FRP EUDQFR

(;

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

WLD *DUDQ 75$

$12 5

$ 9LVWD 5 [ [ 5 VHP MXURV 2X [ [ 5 7RWDO D SUD]R 5

(VWDQWH /tQHD $FiFLD ,0% 37

2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

$VVHQWR DFROFKRDGR 0DWHULDO IHUUR $FDEDPHQWR YHUQL] SURWHWRU 7DPSR WLSR IyUPLFD )RUPDWR GR WDPSR UHWDQJXODU 'LVSRQtYHO WDPEpP QD FRU SUHWR FRP EUDQFR

&RSD 3 0DGHVD %5 37

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

(&2120,$ 72'26 26 352'8726 '(67( (1&$57( (67®2 &20 35(d26 35202&,21$,6 ( 6,1$/,=$'26 1$6 /2-$6 &20 80$ (7,48(7$ $0$5(/$

$ %(02/ (67É 1$6 5('(6 62&,$,6

*DUDQWLD GR IDEULFDQWH DQR $VVHQWR DFROFKRDGR &RU GR DVVHQWR YHUGH 0DWHULDO WXER $FDEDPHQWR YHUQL] 38 7DPSR WLSR YLGUR VHULJUDIDGR )RUPDWR GR WDPSR UHWDQJXODU

2%-(726 '( '(&25$d®2 9(1','26 6(3$5$'$0(17(

$VVHQWR DFROFKRDGR 0DWHULDO IHUUR FURPDGR $FDEDPHQWR YHUQL] SURWHWRU 7DPSR WLSR YLGUR WHPSHUDGR )RUPDWR GR WDPSR UHWDQJXODU $12 5

&/,(17( %(02/ 7253('26 62%5( &2035$6 5($/,=$'$6 (175(*$6 /(0%5(7( '( 9(1&,0(1726 $*5$'(&,0(172 3(/$6 &2035$6 ( 48,7$d®2 '2 &$51È

WLD *DUDQ 75$

(;

2)(57$6 9É/,'$6 $3(1$6 3$5$ $6 /2-$6 '( 0$1$86 9$/,'$'( $ 28 $17(6 2&255(1'2 2 7e50,12 '2 (67248(

%(02/ $0$=21$6 6+233,1* %(02/ $9(1,'$ %(02/ %$55262 %(02/ &$0$38 %(02/ &,'$'( 129$ %(02/ ('8&$1'26 %(02/ *5$1'( &,5&8/$5 %(02/ ,7$&2$7,$5$ %(02/ 0$1$8$5$ 6+233,1* %(02/ *5$1'( &,5&8/$5 %(02/ 0$1$&$3858 %(02/ 0$75,= %(02/ 0,//(11,80 %(02/ 3217$ 1(*5$ %(02/ 32572 9(/+2 &(1752 %(02/ 0$75,= %(02/ 32572 9(/+2 6+233,1* %(02/ 5,2 %5$1&2 %(02/ 678',2 %(02/ 72548$72 /2-$ &20

'LVTXH JUiWLV )DOH FRQRVFR H HVFODUHoD VXDV G~YLGDV

ZZZ EHPRO FRP EU

/2-$ &20 &$,;$ (/(75Ñ1,&2 %5$'(6&2

/2-$ &20 %5$'(6&2 (;35(662

/2-$ &20 *8,&+È '$ &$,;$

/LPLWH PtQLPR SDUD YHQGD D FUpGLWR 5 &DUWmR %HPRO (P FRPSUDV DWp 5 FOLHQWH FRP R &DUWmR %HPRO SRGHUi FRPSUDU VHP HQWUDGD H VHP MXURV H SDUFHODU HP DWp YH]HV SDUD GLDV GHVGH TXH HVWHMD FRP VHX OLPLWH GLVSRQtYHO -XURV 'HVSHVDV 2SHUDomR GH &UpGLWR 3DUD 3DUFHODV ,JXDLV $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ $ 0 $ $ HP DWp [ -XURV GH 0RUD DR PrV D SDUWLU GR GLD 0XOWD GH 0RUD D SDUWLU GR GLD 26 3/$126 '( 3$*$0(172 $35(6(17$'26 (672 68-(,726 $ $3529$d2 '( &5e',72 &21)250( &5,7e5,26 87,/,=$'26 3(/$ %(02/

$ 68$ 0(/+25 (6&2/+$