(',7,21
3RPROL 'RRU .QREV
0$'( ,1 ,7$/<
37 B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
37
&5 &0
'HVLJQ 3LR H 7LWR 7RVR ODE
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
06 B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
06
&5 &0
'HVLJQ 0HVVLQHR H 6HWWLPHOOL
0DWHULDOH &URPDOO 2WWRQH 0DWHULDO &URPDOO %UDVV
06 B
20 2URPDW 0DWW JROG &5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
06
20 &5 &0
'HVLJQ 0HVVLQHR H 6HWWLPHOOL
0DWHULDOH &URPDOO 2WWRQH 0DWHULDO &URPDOO %UDVV
3) B
+36 =LUFRQLXP *ROG
&0 &URPDW 0DWW FKURPH
3)
+36 &0
'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH %5 %URQ]R %URQ]H
/&
+36 &5 &0 %5
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'% B
2/ 20 2URSOXV 2URPDW 2URSOXV 0DWW JROG &5 &0 &URPR &URPDW &KURPH 0DWW FKURPH
'%
2/ 20 &5 &0
'HVLJQ 'L %ODVL $VVRFLDWL
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
50 B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH 10 5$/ 1HURPDW 0DWW %ODFN
50
&5 &0 10
'HVLJQ 0DXUR 5RQFKL
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
%' B
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
%'
+36 &5 &0
'HVLJQ %DUWROL 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH *0 *UDILWH 0DW 0DWW JUDSKLWH
/&
+36 &5 &0 *0
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH
%5 %URQ]R %URQ]H
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
%$ %URQ]R DQWLFR $QWLTXH EURQ]H
20 2URPDW 0DWW JROG
&'
+36 2/ 20 &5 &0 1, %5 %$ 10
'HVLJQ &RORPER 'HVLJQ
1, 1LNHOPDW 0DWW QLFNHO
10 5$/ 1HURPDW 0DWW %ODFN
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B
&'
+36 2/ 20 +36 &5 &0 %5 2$
'HVLJQ &RORPER 'HVLJQ
+36 =LUFRQLXP *ROG
+36 =LUFRQLXP 6WDLQOHVV VWHHO
%5 %URQ]R %URQ]H
2/ 2URSOXV
&5 &URPR &KURPH
2$ 2WWRQH DQWLFR $QWLTXH EUDVV
20 2URPDW 0DWW JROG
&0 &URPDW 0DWW FKURPH
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B
+36 =LUFRQLXP *ROG
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
&'
+36 2/ &0
'HVLJQ &RORPER 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B
&0 &URPDW 0DWW FKURPH
+36 =LUFRQLXP *ROG
20 2URPDW 0DWW JROG &5 &URPR &KURPH
&'
+36 20 &5 &0 %5
%5 %URQ]R %URQ]H
'HVLJQ &RORPER 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B
2/ 2URSOXV
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
,'
2/ &5 &0 *0
*0 *UDILWH 0DW 0DWW JUDSKLWH
'HVLJQ &RORPER 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B
+36 =LUFRQLXP *ROG
&0 &URPDW 0DWW FKURPH
2/ 2URSOXV
*0 *UDILWH 0DW 0DWW JUDSKLWH
&5 &URPR &KURPH
,'
+36 2/ &5 &0 *0
'HVLJQ &RORPER 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
05 B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
05
&5 &0
'HVLJQ 0DWWHR 5DJQL
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
/&
&5 &0
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
&5 &URPR &KURPH
90 9LQWDJH PDW
&0 &URPDW 0DWW FKURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
9/ 9LQWDJH
/&
&5 &0 9/ 90 *0
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH *0 *UDILWH 0DW 0DWW JUDSKLWH
/&
&5 &0 *0
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
(',7,21
0DQLJOLRQL H %DWWHQWL 3XOOV DQG GRRU .QRFNHUV
0$'( ,1 ,7$/<
3) B +36 =LUFRQLXP *ROG
&0 &URPDW 0DWW FKURPH
3)
+36 &0
'HVLJQ
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B +36 =LUFRQLXP VWDLQOHVV VWHHO
10 5$/ 1HURPDW 0DWW %ODFN
&5 &URPR &KURPH
%, 5$/ %LDQFRPDW 0DWW :KLWH
&0 &URPDW 0DWW FKURPH
,'
+36 &5 &0 %, 10
'HVLJQ 7($0
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO
,'B 2/ 2URSOXV
*/ *UDILWH *UDSKLWH
&5 &URPR &KURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
&0 &URPDW 0DWW FKURPH
10 5$/ 1HURPDW 0DWW %ODFN
,'
2/ &5 &0 */ *0 10 %0
'HVLJQ &RORPER 'HVLJQ
%, 5$/ %LDQFRPDW 0DWW :KLWH
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
20 2URPDW 0DWW JROG
10 5$/ 1HURPDW 0DWW %ODFN
&% = $
&% = %
+36 2/ 20 &5 &0 10
+36 2/ 20 &5 &0 10
'HVLJQ &DUOR %DUWROL
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
/&
/& /
+36 &0
+36 2/ 20 &5 &0 10 +36 2/ &5 &0
'HVLJQ /XFD &RORPER
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
6( B &5 &URPR &KURPH
*/ *UDILWH *UDSKLWH
&0 &URPDW 0DWW FKURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
6(
&5 &0 */ *0
'HVLJQ &ODHVVRQ .RLYLVWR 5XQH
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
+36 =LUFRQLXP VWDLQOHVV VWHHO
&0 &URPDW 0DWW FKURPH
,' $
,' %
+36 +36 &5 &0
+36 2/ 20 &5 &0 10 +36 +36 &5 &0
'HVLJQ 7($0
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
+36 =LUFRQLXP VWDLQOHVV VWHHO
&0 &URPDW 0DWW FKURPH
,' $
,' %
+36 +36 &5 &0
+36 2/ 20 &5 &0 10 +36 +36 &5 &0
'HVLJQ 7($0
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
10 5$/ 1HURPDW 0DWW %ODFN
20 2URPDW 0DWW JROG
,' $
,' %
+36 2/ 20 &5 &0 *0 10
+36 2/ 20 &5 &0 *0 10 +36 2/ 20 &5 &0 10
'HVLJQ &RORPER 'HVLJQ
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
0* B +36 =LUFRQLXP *ROG
9/ 9LQWDJH
+36 =LUFRQLXP VWDLQOHVV VWHHO
90 9LQWDJH PDW
&0 &URPDW 0DWW FKURPH
0*
+36 +36 &0 9/ 90
'HVLJQ $UFKLWHWWXUD /DERUDWRULR
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
0* B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
1, 1LNHOPDW 0DWW QLFNHO
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
%$ %URQ]R DQWLFR $QWLTXH EURQ]H
20 2URPDW 0DWW JROG
10 5$/ 1HURPDW 0DWW %ODFN
2$ 2WWRQH DQWLFR $QWLTXH EUDVV
0*
0* /
+36 2/ 20 &5 &0 1, %$ 2$ 10
+36 2/ 20 &5 &0 10 +36 2/ &5 &0
'HVLJQ $UFKLWHWWXUD /DERUDWRULR
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
03 B +36 =LUFRQLXP VWDLQOHVV VWHHO &0 &URPDW 0DWW FKURPH
03 $
03 %
+36 &0
+36 2/ 20 &5 &0 10 +36 &0
'HVLJQ 0DUFR 3LYD
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
+36 =LUFRQLXP VWDLQOHVV VWHHO
&0 &URPDW 0DWW FKURPH
&% $
&% %
+36 +36 &5 &0
+36 2/ 20 &5 &0 10 +36 +36 &5 &0
'HVLJQ %DUWROL 'HVLJQ
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B +36 =LUFRQLXP *ROG
&5 &URPR &KURPH
+36 =LUFRQLXP VWDLQOHVV VWHHO
&0 &URPDW 0DWW FKURPH
&% $
&% %
+36 +36 &5 &0
+36 2/ 20 &5 &0 10 +36 +36 &5 &0
'HVLJQ %DUWROL 'HVLJQ
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B 2/ 2URSOXV
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
&'
2/ &5 &0
'HVLJQ &RORPER 'HVLJQ
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B 2/ 2URSOXV
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
&'
2/ &5 &0
'HVLJQ %DUWROL 'HVLJQ
0DQLJOLRQL VHQ]D URVHWWH 3XOOV ZLWKRXW URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B +36 =LUFRQLXP *ROG
2/ 2URSOXV
&0 &5 &URPDW &URPR 0DWW FKURPH &KURPH
&%
+36 2/ &0 &5
'HVLJQ &DUOR %DUWROL
0DQLJOLRQL FRQ URVHWWH 3XOOV ZLWK URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
$5B 2/ 2URSOXV
%5 %URQ]R %URQ]H
$5
2/ %5
'HVLJQ $QJHOHWWL 5X]]D 'HVLJQ
0DQLJOLRQL FRQ URVHWWH 3XOOV ZLWK URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B 2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
&' %
2/ &0
+36 2/ 20 &5 &0 10 2/ &0
&' $
'HVLJQ &RORPER 'HVLJQ
0DQLJOLRQL FRQ URVHWWH 3XOOV ZLWK URVHV 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B +36 =LUFRQLXP VWDLQOHVV VWHHO &5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
/&
+36 &5 &0
'HVLJQ /XFD &RORPER
0DQLJOLRQL SHU DQWH LQ YHWUR 3XOOV IRU JODVV GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/&B
/& B
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
/&
/&
/&
&5 &0
+36 2/ 20 &5 &0 10 &5 &0
+36 2/ 20 &5 &0 10 &5 &0
/& B
'HVLJQ /XFD &RORPER
0DQLJOLRQL SHU DQWH LQ YHWUR 3XOOV IRU JODVV GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ $OEHUWR 0HGD
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
$0 <
2/ &0
+36 2/ 20 &5 &0 10 2/ &0
$0
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
20 2URPDW 0DWW JROG
1, 1LNHOPDW 0DWW QLFNHO
,'
,' <
+36 2/ 20 &5 &0 1, %5
+36 2/ 20 &5 &0 10 2/ &0
%5 %URQ]R %URQ]H
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
20 2URPDW 0DWW JROG
90 9LQWDJH PDW
&5 &URPR &KURPH
,'
,' <
2/ 20 &5 &0 90
+36 2/ 20 &5 &0 10 2/ &0
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ
2/ 2URSOXV
*/ *UDILWH *UDSKLWH
&5 &URPR &KURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
&0 &URPDW 0DWW FKURPH
10 5$/ 1HURPDW 0DWW %ODFN
,'
,' <
2/ &5 &0 */ *0 10 %,
2/ &5 &0 */ *0 10 %, +36 2/ 20 &5 &0 10
%, 5$/ %LDQFRPDW 0DWW :KLWH
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ /XFD &RORPER
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
/&
/& <
&5 &0
+36 2/ 20 &5 &0 10 &5 &0
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ /XFD &RORPER
&5 &0 &URPR &URPDW &KURPH 0DWW FKURPH &5 10 &URPR 1HURPDW &KURPH 0DWW EODFN */ *0 *UDILWH *UDILWH 0DW *UDSKLWH 0DWW JUDSKLWH
/&
/& <
&5 &0 &5 10 */ *0
+36 2/ 20 &5 &0 10 &5 &0 &5 10 */ *0
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
&'
2/ &0
0DQLJOLRQL SHU DO]DQWH VFRUUHYROH 3XOO XS KDQGOHV IRU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ &' 56 /XFD &RORPER /& 56
2/ 2URSOXV
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
&' 56
/& 56
2/ &0
+36 2/ 20 &5 &0 10 &5 &0
0DQLJOLRQH SHU FRPSODQDUH 3XOO IRU FRSODQDU VOLGLQJ GRRU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B +36 =LUFRQLXP *ROG
&0 &URPDW 0DWW FKURPH
&%
+36 &0
'HVLJQ %DUWROL 'HVLJQ
%DWWHQWH 'RRU NQRFNHU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
$0 B +36 =LUFRQLXP *ROG
&0 &URPDW 0DWW FKURPH
$0
+36 &0
'HVLJQ $OEHUWR 0HGD
%DWWHQWH 'RRU NQRFNHU 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
(',7,21
0DQLJOLH DG LQFDVVR )OXVK KDQGOHV
0$'( ,1 ,7$/<
/& B
2/ 2URSOXV
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR H PDQLJOLHWWD GL WUDVFLQDPHQWR 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV DQG IOXVK KDQGOH
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR FRQ GLVSRVLWLYR GL FKLXVXUD D QRWWROLQR H PDQLJOLHWWD GL WUDVFLQDPHQWR VHQ]D VHUUDWXUD 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV ZLWK WKXPE WXUQ DQG IOXVK KDQGOH ZLWKRXW ORFN
/&
/& %=* VHQ]D VHUUDWXUD QR ORFN
2/ &5 &0
2/ &5 &0
'HVLJQ /XFD &RORPER
6SHVVRUH SRUWD GD D PP 'RRU WKLFNQHVV IURP WR PP 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B 9/ 9LQWDJH
1, 1LNHOPDW 0DWW QLFNHO
20 2URPDW 0DWW JROG
90 9LQWDJH PDW
%5 %URQ]R %URQ]H
&5 &URPR &KURPH
*/ *UDILWH *UDSKLWH
10 5$/ 1HURPDW 0DWW %ODFN
&0 &URPDW 0DWW FKURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
%, 5$/ %LDQFRPDW 0DWW :KLWH
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR FRQ GLVSRVLWLYR GL FKLXVXUD D QRWWROLQR PDQLJOLHWWD GL WUDVFLQDPHQWR H VHUUDWXUD ( PP D JDQFLR GRWDWD GL FRQWURSLDVWUD LQ DFFLDLR LQR[ 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV ZLWK WKXPE WXUQ IURP RQH VLGH IOXVK KDQGOH DQG VWDLQOHVV VWHHO PRUWLVH KRRN ORFN ( PP ZLWK VWULNLQJ SODWH
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR FRQ GLVSRVLWLYR GL FKLXVXUD D QRWWROLQR H PDQLJOLHWWD GL WUDVFLQDPHQWR 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV DQG IOXVK KDQGOHV ZLWK WKXPE WXUQ DQG IOXVK KDQGOH
,' /.
,' %=*
FRQ VHUUDWXUD ZLWK ORFN
VHQ]D VHUUDWXUD ZLWKRXW ORFN
+36 20 &5 &0 9/ 90 */ *0 1, %5 10 %,
+36 20 &5 &0 9/ 90 */ *0 1, %5 10 %,
,'
+36 20 &5 &0 9/ 90 */ *0 1, %5 10 %,
7($0
+36 =LUFRQLXP *ROG
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR H PDQLJOLHWWD GL WUDVFLQDPHQWR 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV DQG IOXVK KDQGOH
'HVLJQ
6SHVVRUH SRUWD GD D PP 'RRU WKLFNQHVV IURP WR PP 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
,'B &5 &URPR &KURPH
*/ *UDILWH *UDSKLWH
&0 &URPDW 0DWW FKURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
9/ 9LQWDJH
10 5$/ 1HURPDW 0DWW %ODFN
90 9LQWDJH PDW
%, 5$/ %LDQFRPDW 0DWW :KLWH
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR FRQ GLVSRVLWLYR GL FKLXVXUD D QRWWROLQR PDQLJOLHWWD GL WUDVFLQDPHQWR H VHUUDWXUD ( PP D JDQFLR GRWDWD GL FRQWURSLDVWUD LQ DFFLDLR LQR[ 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV ZLWK WKXPE WXUQ IURP RQH VLGH IOXVK KDQGOH DQG VWDLQOHVV VWHHO PRUWLVH KRRN ORFN ( PP ZLWK VWULNLQJ SODWH
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR FRQ GLVSRVLWLYR GL FKLXVXUD D QRWWROLQR H PDQLJOLHWWD GL WUDVFLQDPHQWR 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV DQG IOXVK KDQGOHV ZLWK WKXPE WXUQ DQG IOXVK KDQGOH
,' /.
,' %=*
FRQ VHUUDWXUD ZLWK ORFN
VHQ]D VHUUDWXUD ZLWKRXW ORFN
&5 &0 9/ 90 */ *0 10 %,
&5 &0 9/ 90 */ *0 10 %,
,'
&5 &0 9/ 90 */ *0 10 %,
7($0
.LW SHU SRUWD VFRUUHYROH FRPSRVWR GD GXH PDQLJOLH DG LQFDVVR H PDQLJOLHWWD GL WUDVFLQDPHQWR 6OLGLQJ 'RRUV .LW FRPSRVHG RI WZR JURRYH KDQGOHV DQG IOXVK KDQGOH
'HVLJQ
6SHVVRUH SRUWD GD D PP 'RRU WKLFNQHVV IURP WR PP 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ
&0 &URPDW 0DWW FKURPH
2/ 2URSOXV
20 2URPDW 0DWW JROG
%5 %URQ]R %URQ]H
&5 &URPR &KURPH
&'
&' &)
&'
&' &)
2/ 20
2/ 20
2/ 20 &5 &0 %5
2/ 20 &5 &0 %5
0LVXUD IUHVDWD [ [ PP 0LOOLQJ VL]H [ [ PP 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &RORPER 'HVLJQ
2/ 2URSOXV
*/ *UDILWH *UDSKLWH
%$ %URQ]R DQWLFR $QWLTXH EURQ]H
20 2URPDW 0DWW JROG
*0 *UDILWH 0DW 0DWW JUDSKLWH
2$ 2WWRQH DQWLFR $QWLTXH EUDVV
&5 &URPR &KURPH
1, 1LNHOPDW 0DWW QLFNHO
10 5$/ 1HURPDW 0DWW %ODFN
&0 &URPDW 0DWW FKURPH
%5 %URQ]R %URQ]H
%, 5$/ %LDQFRPDW 0DWW :KLWH
&'
&' &)
&'
&' &)
2/ &5 &0 1,
2/ &5 &0 1,
2/ 20 &5 &0 */ *0 1, %5 %$ 2$ 10 %,
2/ 20 &5 &0 */ *0 1, %5 %$ 2$ 10 %,
0LVXUD IUHVDWD [ [ PP 0LOOLQJ VL]H [ [ PP 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ &DUOR %DUWROL
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
&%
&% &)
2/ &0
2/ &0
0LVXUD IUHVDWD [ [ PP 0LOOLQJ VL]H [ [ PP 0DWHULDOH &URPDOO 0DWHULDO &URPDOO
'HVLJQ &RORPER 'HVLJQ
20 2URPDW 0DWW JROG
90 9LQWDJH PDW
10 5$/ 1HURPDW 0DWW %ODFN
&5 &URPR &KURPH
*/ *UDILWH *UDSKLWH
%, 5$/ %LDQFRPDW 0DWW :KLWH
&0 &URPDW 0DWW FKURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
,' &)
2/ 20 &5 &0 9/ 90 */ *0 1, 10 %,
2/ 20 &5 &0 9/ 90 */ *0 1, 10 %,
9/ 9LQWDJH
,'
1, 1LNHOPDW 0DWW QLFNHO
2/ 2URSOXV
0LVXUD IUHVDWD [ [ PP 0LOOLQJ VL]H [ [ PP 0DWHULDOH 2WWRQH 0DWHULDO %UDVV
'HVLJQ /XFD &RORPER
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
/&
/& &)
&5 &0
&5 &0
0LVXUD IUHVDWD [ [ PP 0LOOLQJ VL]H [ [ PP 0DWHULDOH &URPDOO 0DWHULDO &URPDOO
(',7,21
3URJUDPPD EOLQGDWH $UPRUHG GRRU SURJUDP
0$'( ,1 ,7$/<
526( 3/$7(6
'HVLJQ &RORPER 'HVLJQ
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
20 2URPDW 0DWW JROG
5RVHWWD FRQ VRWWRURVHWWD LQ Q\ORQ FRPSUHVD GL YLWL GL ILVVDJJLR %UDVV URVH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ DQG IL[LQJ VFUHZV
%5 %URQ]R %URQ]H 10 5$/ 1HURPDW 0DWW %ODFN
1, 1LNHOPDW 0DWW QLFNHO
5RVHWWD FRQ VRWWRURVHWWD LQ Q\ORQ SHU GHIHQGHU ¡ PP FRPSUHVD GL YLWL GL ILVVDJJLR QRQ DGDWWR SHU PRQWDJJLR FRQ 65 :3 %UDVV URVH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ IRU GHIHQGHU ¡ PP DQG IL[LQJ VFUHZV QRW VXLWDEOH IRU 65 :3
3ODFFD LQWHUDVVH PP FRQ VRWWRSODFFD LQ Q\ORQ FRPSUHVD GL YLWL GL ILVVDJJLR XWLOL]]DELOH VROR FRQ LQVHUWL 3% H 3% %UDVV SODWH PP GLVWDQFH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ DQG IL[LQJ VFUHZV XVH RQO\ ZLWK XQGHUFRQVWUXFWLRQ 3% DQG 3%
3ODFFD LQWHUDVVH PP FRQ VRWWRSODFFD LQ Q\ORQ FRPSUHVD GL YLWL GL ILVVDJJLR XWLOL]]DELOH VROR FRQ LQVHUWL 3% H 3% %UDVV SODWH PP GLVWDQFH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ DQG IL[LQJ VFUHZV XVH RQO\ ZLWK XQGHUFRQVWUXFWLRQ 3% DQG 3%
3%
3% '*
3%
3% <
+36 2/ 20 &5 &0 1, %5 10
+36 2/ 20 &5 &0 1, %5 10
+36 2/ 20 &5 &0 1, %5 10
+36 2/ 20 &5 &0 1, %5 10
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
526( 3/$7(6
'HVLJQ &RORPER 'HVLJQ
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH *0 *UDILWH 0DW 0DWW JUDSKLWH
5RVHWWD TXDGUDWD FRQ VRWWRURVHWWD LQ Q\ORQ FRPSUHVD GL YLWL GL ILVVDJJLR 6TXDUH EUDVV URVH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ DQG IL[LQJ VFUHZV
5RVHWWD TXDGUDWD FRQ VRWWRURVHWWD LQ Q\ORQ SHU GHIHQGHU ¡ PP FRPSUHVD GL YLWL GL ILVVDJJLR QRQ DGDWWR SHU PRQWDJJLR FRQ 65 :3 6TXDUH EUDVV URVH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ IRU GHIHQGHU ¡ PP DQG IL[LQJ VFUHZV QRW VXLWDEOH IRU 65 :3
3ODFFD TXDGUDWD LQWHUDVVH PP FRQ VRWWRSODFFD LQ Q\ORQ FRPSUHVD GL YLWL GL ILVVDJJLR XWLOL]]DELOH VROR FRQ LQVHUWL 3% H 3% 6TXDUH EUDVV SODWH PP GLVWDQFH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ DQG IL[LQJ VFUHZV XVH RQO\ ZLWK XQGHUFRQVWUXFWLRQ 3% DQG 3%
3% 4
3% '* 4
3% 4
3% < 4
&5 &0 *0
&5 &0 *0
&5 &0 *0
&5 &0 *0
3ODFFD TXDGUDWD LQWHUDVVH PP FRQ VRWWRSODFFD LQ Q\ORQ FRPSUHVD GL YLWL GL ILVVDJJLR XWLOL]]DELOH VROR FRQ LQVHUWL 3% H 3% %UDVV SODWH PP GLVWDQFH VXSSOLHG ZLWK Q\ORQ XQGHUFRQVWUXFWLRQ DQG IL[LQJ VFUHZV XVH RQO\ ZLWK XQGHUFRQVWUXFWLRQ 3% DQG 3%
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
81,9(56$/ 81'(5&216758&7,216
'HVLJQ &RORPER 'HVLJQ
1( 1HUR %ODFN
,QVHUWR PDQLJOLD SRVVLELOLWj PRQWDJJLR FRQ PROOD PP 8QGHUFRQVWUXFWLRQ IRU OHYHO KDQGOH URVH PP VSULQJ LQVWDOODWLRQ SRVVLEOH
,QVHUWR OLPLWDWRUH G¶DSHUWXUD 8QGHUFRQVWUXFWLRQ IRU RSHQLQJ OLPLWLQJ GHYLFH
,QVHUWR SHU FLOLQGUR FRQ SRPROR 8QGHUFRQVWUXFWLRQ IRU NQRE F\OLQGHU
,QVHUWR GRSSLD PDSSD XQLYHUVDOH FRPSUHVR GL FRSULWRSSD 8QGHUFRQVWUXFWLRQ IRU GRXEOH ZDUG XQLYHUVDO NH\ ZLWK NH\ FRYHU
,QVHUWR GRSSLD PDSSD FRQFDYR XQLYHUVDOH FRPSUHVR GL FRSULWRSSD 8QGHUFRQVWUXFWLRQ IRU GRXEOH ZDUG XQLYHUVDO NH\ ZLWK NH\ FRYHU
,QVHUWR IRUR \DOH 8QGHUFRQVWUXFWLRQ IRU \DOH NH\ KROH
3%
3%
3%
3%
3%
3%
1(
1(
1(
1(
1(
1(
0DWHULDOH 1\ORQ 0DWHULDO 1\ORQ
.12% 6(76
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH
1, 1LNHOPDW 0DWW QLFNHO
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
%5 %URQ]R %URQ]H
20 2URPDW 0DWW JROG
*0 *UDILWH 0DW 0DWW JUDSKLWH
3RPROLQR PP SHU OLPLWDWRUH G¶DSHUWXUD H R SHU FLOLQGUR FDYD LQWHUQD TXDGUR PP PP .QRE VHW PP IRU RSHQLQJ OLPLWLQJ GHYLFH DOVR IRU F\OLQGHU VSLQGOH PP WKUHDG PP
3RPROLQR TXDGUDWR SHU OLPLWDWRUH G¶DSHUWXUD H R SHU FLOLQGUR FDYD LQWHUQD TXDGUR PP PP 6TXDUH NQRE VHW IRU RSHQLQJ OLPLWLQJ GHYLFH DOVR IRU F\OLQGHU VSLQGOH PP WKUHDG PP
3%
3% 4
+36 2/ 20 &5 &0 1, %5 10
&5 &0 *0
'HVLJQ &RORPER 'HVLJQ
10 5$/ 1HURPDW 0DWW %ODFN
0DWHULDOH 2WWRQH 3% &URPDOO 3% 4 0DWHULDO %UDVV 3% &URPDOO 3% 4
'HVLJQ &RORPER 'HVLJQ
%5 %URQ]R %URQ]H
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
%RFFKHWWD GL SURWH]LRQH SHU FLOLQGUR ,QWHUDVVH PP 9LWL 0 [ 736 (VFXUVLRQH FLOLQGUR GD PP D PP 3LDVWULQD URWDQWH LQJUHVVR FKLDYH LQ DFFLDLR GD FHPHQWD]LRQH DO PDQJDQHVH (VFXWFKHRQV F\OLQGHU SURWHFWLRQ &HQWUH PP 6FUHZV 0$ &\OLQGHU UHJXODWLRQ IURP · PP .H\ SURWHFWLQJ SODWH PDJQHVLXP WHPSHUHG
%RFFKHWWD GL SURWH]LRQH SHU FLOLQGUR ,QWHUDVVH PP 9LWL 0 [ 736 (VFXUVLRQH FLOLQGUR GD PP D PP 3LDVWULQD URWDQWH LQJUHVVR FKLDYH LQ DFFLDLR GD FHPHQWD]LRQH DO PDQJDQHVH (VFXWFKHRQV F\OLQGHU SURWHFWLRQ &HQWUH PP 6FUHZV 0$ &\OLQGHU UHJXODWLRQ IURP · PP .H\ SURWHFWLQJ SODWH PDJQHVLXP WHPSHUHG
.,7 65 :3
.,7 65 :3
+36 &5 &0 %5
&5 &0
0DWHULDOH 2WWRQH $FFLDLR 0DWHULDO %UDVV 6WHHO
(',7,21
&RPSOHPHQWL &RPSOHPHQWV
0$'( ,1 ,7$/<
'HVLJQ 5 ' &RORPER 'HVLJQ
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
10 5$/ 1HURPDW 0DWW %ODFN
20 2URPDW 0DWW JROG
*0 *UDILWH 0DW 0DWW JUDSKLWH
%, 5$/ %LDQFRPDW 0DWW :KLWH
&5 &URPR &KURPH
90 9LQWDJH PDW
1DVFH '. =(52 8Q LQQRYDWLYR VLVWHPD SHU ILQHVWUD 'UHK NLSS TXDVL DG ³LPSDWWR ]HUR´ FKH FRQVHQWH GL ULGXUUH DO PLQLPR O¶LQJRPEUR GHOOD URVHWWD '. '. =(52 q GL VHPSOLFH LQVWDOOD]LRQH q VXIILFLHQWH XQ IRUR GL GLDPHWUR PP DGDWWR DOO¶XWLOL]]R VX LQILVVL GRWDWL GL PLFURYHQWLOD]LRQH H DGDWWDELOH D PROWHSOLFL PRGHOOL H ILQLWXUH GHOOD FROOH]LRQH &RORPER 'HVLJQ '. =(52 LV ERUQ $Q LQQRYDWLYH DOPRVW ]HUR LPSDFW 'UHK NLSS ZLQGRZ V\VWHP ZKLFK DOORZV \RX WR PLQLPL]H WKH HQFXPEUDQFH RI WKH '. URVHWWH '. =(52 LV HDV\ WR LQVWDOO D PP GLDPHWHU KROH LV HQRXJK VXLWDEOH IRU XVH RQ ZLQGRZ IL[WXUHV HTXLSSHG ZLWK PLFUR YHQWLODWLRQ DQG DGDSWDEOH WR VHYHUDO PRGHOV DQG ILQLVKHV IURP &RORPER 'HVLJQ FROOHFWLRQ
$0$ 0) '. 60
'($ )) '. 60
*,5$ -0 '. 60
,6< %/ '. 60
52%27 &' '. 60
52%275( &' '. 60
&5 &0 *0
&5 &0
2/ &5 &0 90
&5 &0
2/ &5 &0 10 %,
2/ 20 &5 &0
0DWHULDOH 2WWRQH $PD 'HD *LUD ,V\ &URPDOO 5RERW 5RERWUH 0DWHULDO %UDVV $PD 'HD *LUD ,V\ &URPDOO 5RERW 5RERWUH
81, (1 &HUWLILFD]LRQH GL GXUDELOLWj JDUDQWLWD SHU PLQLPR FLFOL FLDVFXQR FRQ VHTXHQ]D GXUDELOLW\ FHUWLILFDWLRQ JXDUDQWHHG IRU D PLQLPXP RI F\FOHV HDFK RQH ZLWK VHTXHQFH
SRVL]LRQH SRVLWLRQ
URWD]LRQH VSLQ
URWD]LRQH DSHUWXUD ILQHVWUD VSLQ WR RSHQ ZLQGRZ
URWD]LRQH VSLQ
URWD]LRQH DQWD ULEDOWD VSLQ IRU YHUWLFDO SDUWLDO RSHQLQJ
'HVLJQ 5 ' &RORPER 'HVLJQ
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
10 5$/ 1HURPDW 0DWW %ODFN
20 2URPDW 0DWW JROG
*0 *UDILWH 0DW 0DWW JUDSKLWH
%, 5$/ %LDQFRPDW 0DWW :KLWH
&5 &URPR &KURPH
90 9LQWDJH PDW
1DVFH '. =(52 8Q LQQRYDWLYR VLVWHPD SHU ILQHVWUD 'UHK NLSS TXDVL DG ³LPSDWWR ]HUR´ FKH FRQVHQWH GL ULGXUUH DO PLQLPR O¶LQJRPEUR GHOOD URVHWWD '. '. =(52 q GL VHPSOLFH LQVWDOOD]LRQH q VXIILFLHQWH XQ IRUR GL GLDPHWUR PP DGDWWR DOO¶XWLOL]]R VX LQILVVL GRWDWL GL PLFURYHQWLOD]LRQH H DGDWWDELOH D PROWHSOLFL PRGHOOL H ILQLWXUH GHOOD FROOH]LRQH &RORPER 'HVLJQ '. =(52 LV ERUQ $Q LQQRYDWLYH DOPRVW ]HUR LPSDFW 'UHK NLSS ZLQGRZ V\VWHP ZKLFK DOORZV \RX WR PLQLPL]H WKH HQFXPEUDQFH RI WKH '. URVHWWH '. =(52 LV HDV\ WR LQVWDOO D PP GLDPHWHU KROH LV HQRXJK VXLWDEOH IRU XVH RQ ZLQGRZ IL[WXUHV HTXLSSHG ZLWK PLFUR YHQWLODWLRQ DQG DGDSWDEOH WR VHYHUDO PRGHOV DQG ILQLVKHV IURP &RORPER 'HVLJQ FROOHFWLRQ
52%248$7752 ,' '. 60
52%248$77526 ,' '. 60
52%2&,148( ,' '. 60
52%2&,148(6 ,' '. 60
9,2/$ $5 '. 60
=(/'$ 00 '. 60
2/ 20 &5 &0
&5 &0 90
2/ &5 &0 10 %,
&5 &0 *0 10 %,
&5 &0
&5 &0
0DWHULDOH 2WWRQH 9LROD =HOGD &URPDOO 5RERTXDWWUR 5RERTXDWWUR6 5RERFLQTXH 5RERFLQTXH6 0DWHULDO %UDVV 9LROD =HOGD &URPDOO 5RERTXDWWUR 5RERTXDWWUR6 5RERFLQTXH 5RERFLQTXH6
81, (1 &HUWLILFD]LRQH GL GXUDELOLWj JDUDQWLWD SHU PLQLPR FLFOL FLDVFXQR FRQ VHTXHQ]D GXUDELOLW\ FHUWLILFDWLRQ JXDUDQWHHG IRU D PLQLPXP RI F\FOHV HDFK RQH ZLWK VHTXHQFH
SRVL]LRQH SRVLWLRQ
URWD]LRQH VSLQ
URWD]LRQH DSHUWXUD ILQHVWUD VSLQ WR RSHQ ZLQGRZ
URWD]LRQH VSLQ
URWD]LRQH DQWD ULEDOWD VSLQ IRU YHUWLFDO SDUWLDO RSHQLQJ
:,1'2:6 6(&85,7< 6(76
2/ 2URSOXV
&5 &URPR &KURPH &0 &URPDW 0DWW FKURPH
0DQLJOLD '. GL 6LFXUH]]D 5RERW FRQ GLVSRVLWLYR D SXOVDQWH GL VLFXUH]]D FRQ PRYLPHQWR ;'. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ 'UHK NLSS '. ZLQGRZ KDQGOH VHW ;'. ' PHFKDQLVP LQFOXGHG 6SLQGOH [ %UHDNLQJ ORDG 1 P
0DQLJOLD '. GL 6LFXUH]]D 5RERTXDWWUR FRQ GLVSRVLWLYR D SXOVDQWH GL VLFXUH]]D FRQ PRYLPHQWR ;'. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ 'UHK NLSS '. ZLQGRZ KDQGOH VHW ;'. ' PHFKDQLVP LQFOXGHG 6SLQGOH [ %UHDNLQJ ORDG 1 P
0DQLJOLD '. GL 6LFXUH]]D 5RERTXDWWUR6 FRQ GLVSRVLWLYR D SXOVDQWH GL VLFXUH]]D FRQ PRYLPHQWR ;'. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ 'UHK NLSS '. ZLQGRZ KDQGOH VHW ;'. ' PHFKDQLVP LQFOXGHG 6SLQGOH [ %UHDNLQJ ORDG 1 P
0DQLJOLD '. GL 6LFXUH]]D 5RERFLQTXH FRQ GLVSRVLWLYR D SXOVDQWH GL VLFXUH]]D FRQ PRYLPHQWR ;'. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ 'UHK NLSS '. ZLQGRZ KDQGOH VHW ;'. ' PHFKDQLVP LQFOXGHG 6SLQGOH [ %UHDNLQJ ORDG 1 P
0DQLJOLD '. GL 6LFXUH]]D 5RERFLQTXH6 FRQ GLVSRVLWLYR D SXOVDQWH GL VLFXUH]]D FRQ PRYLPHQWR ;'. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ 'UHK NLSS '. ZLQGRZ KDQGOH VHW ;'. ' PHFKDQLVP LQFOXGHG 6SLQGOH [ %UHDNLQJ ORDG 1 P
&' '. =
&' '. =
,' '. =
,' '. =
,' '. =
,' '. =
2/ &5 &0
2/ &5 &0
2/ &5 &0
&5 &0
2/ &5 &0
&5 &0
0DQLJOLD '. GL 6LFXUH]]D 5RERWUH FRQ GLVSRVLWLYR D SXOVDQWH GL VLFXUH]]D FRQ PRYLPHQWR ;'. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ 'UHK NLSS '. ZLQGRZ KDQGOH VHW ;'. ' PHFKDQLVP LQFOXGHG 6SLQGOH [ %UHDNLQJ ORDG 1 P
0DWHULDOH &URPDOO 0DWHULDO &URPDOO
SRVL]LRQH SRVLWLRQ
SUHPHUH SXOVDQWH SUHVV EXWWRQ
URWD]LRQH DSHUWXUD ILQHVWUD VSLQ WR RSHQ ZLQGRZ
SUHPHUH SXOVDQWH SUHVV EXWWRQ
URWD]LRQH DQWD ULEDOWD VSLQ IRU YHUWLFDO SDUWLDO RSHQLQJ
:,1'2:6 6(&85,7< 6(76
+36 =LUFRQLXP *ROG
+36 =LUFRQLXP VWDLQOHVV VWHHO
1, 1LNHOPDW 0DWW QLFNHO
2/ 2URSOXV
&5 &URPR &KURPH
%5 %URQ]R %URQ]H
20 2URPDW 0DWW JROG
&0 &URPDW 0DWW FKURPH
81, (1 'LVSRVLWLYR FRQ VLVWHPD GL EORFFDJJLR D FKLDYH FLOLQGUR .$ VWHVVD FLIUDWXUD SHU DQWLHIIUD]LRQH DGDWWR D WXWWL L PRGHOOL GL PDQLJOLH FRQ PRYLPHQWR '. '. ' LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P .H\ ORFNHG VHFXULW\ '. ZLQGRZ KDQGOH VHW .$ F\OLQGHU VDPH NH\ FRGH VXLWDEOH IRU DOO KDQGOHV '. PHFKDQLVP LQFOXGHG '. ' 6SLQGOH [ %UHDNLQJ ORDG 1 P
'LVSRVLWLYR D SXOVDQWH GL VLFXUH]]D DGDWWR D WXWWL L PRGHOOL GL PDQLJOLH FRQ PRYLPHQWR '. '. 4 / LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P EXWWRQ ORFNHG VHFXULW\ '. ZLQGRZ KDQGOH VHW VXLWDEOH IRU DOO KDQGOHV '. PHFKDQLVP LQFOXGHG '. 4 / 6SLQGOH [ %UHDNLQJ ORDG 1 P
&' '. /2&.
&' '. =
&' '. = 4
+36 2/ &5 &0
+36 2/ 20 +36 &5 &0 1, %5
&5 &0
'LVSRVLWLYR D SXOVDQWH GL VLFXUH]]D TXDGUDWR DGDWWR D WXWWL L PRGHOOL GL PDQLJOLH FRQ PRYLPHQWR '. '. 4 / LQFOXVR 4XDGUR [ &DULFR GL URWWXUD 1 P %XWWRQ ORFNHG VHFXULW\ '. ZLQGRZ KDQGOH VHW VXLWDEOH IRU DOO KDQGOHV '. PHFKDQLVP LQFOXGHG '. 4 / 6SLQGOH [ %UHDNLQJ ORDG 1 P
0DWHULDOH 2WWRQH $FFLDLR '. /2&. &URPDOO $FFLDLR '. = '. = 4 0DWHULDO %UDVV 6WHHO '. = /2&. &URPDOO 6WHHO '. = '. = 4
SUHPHUH FKLDYH SHU EORFFDUH VHUUDWXUD SUHVV NH\ WR EORFN ORFN PDQLJOLD VEORFFDWD XQEORFNHG KDQGOH UXRWDUH FKLDYH SHU VEORFFDUH VHUUDWXUD URWDWH NH\ LQ RUGHU WR XQEORFN ORFN URWD]LRQH DSHUWXUD ILQHVWUD VSLQ WR RSHQ ZLQGRZ SUHPHUH FKLDYH SHU EORFFDUH VHUUDWXUD SUHVV NH\ WR EORFN ORFN
SRVL]LRQH SRVLWLRQ
SUHPHUH SXOVDQWH SUHVV EXWWRQ URWD]LRQH DSHUWXUD ILQHVWUD VSLQ WR RSHQ ZLQGRZ SUHPHUH SXOVDQWH SUHVV EXWWRQ
URWD]LRQH DQWD ULEDOWD VSLQ IRU YHUWLFDO SDUWLDO RSHQLQJ
'225 67233(56
2/ 2URSOXV
*/ *UDILWH *UDSKLWH
1, 1LNHOPDW 0DWW QLFNHO
10 5$/ 1HURPDW 0DWW %ODFN
20 2URPDW 0DWW JROG
*0 *UDILWH 0DW 0DWW JUDSKLWH
%5 %URQ]R %URQ]H
%, 5$/ %LDQFRPDW 0DWW :KLWH
&5 &URPR &KURPH
9/ 9LQWDJH
%$ %URQ]R DQWLFR $QWLTXH EURQ]H
&0 &URPDW 0DWW FKURPH
90 9LQWDJH PDW
'HVLJQ &RORPER 'HVLJQ
'HVLJQ &RORPER 'HVLJQ
'HVLJQ &RORPER 'HVLJQ
'HVLJQ /XFD &RORPER
,O JRPPLQR q GL FRORUH QHUR %ODFN UXEEHU ULQJ
5HJRODELOH LQ DOWH]]D GD D PP LO JRPPLQR VXSHULRUH q GL FRORUH ELDQFR $GMXVWDEOH IURP WR PP ZKLWH UXEEHU WRSV
, JRPPLQL VRQR GL FRORUH QHUR %ODFN UXEEHU ULQJV
/D JRPPD q GL FRORUH QHUR %ODFN UXEEHU
&'
&'
&'
/&
2/ 20 &5 &0 1, %5 %$ 10 %,
2/ &0
2/ &5 &0 *0 1,
2/ &5 &0 */ *0 9/ 90 10 %,
¸
0DWHULDOH 2WWRQH &' &' 2WWRQH &URPDOO &' &URPDOO /& 0DWHULDO %UDVV &' &' %UDVV &URPDOO &' &URPDOO /&
.(<6
%$ %URQ]R DQWLFR $QWLTXH EURQ]H
&0 &URPDW 0DWW FKURPH
2/ 2URSOXV 20 2URPDW 0DWW JROG
1, 1LNHOPDW 0DWW QLFNHO
&5 &URPR &KURPH
%5 %URQ]R %URQ]H
2$ 2WWRQH DQWLFR $QWLTXH EUDVV 10 5$/ 1HURPDW 0DWW %ODFN
'HVLJQ $OEHUWR 0HGD
'HVLJQ $QJHOHWWL 5X]]D 'HVLJQ
'HVLJQ &DUOR %DUWROL
'HVLJQ &RORPER 'HVLJQ
'HVLJQ /XFD &RORPER
'HVLJQ /XFD &RORPER
$0
$5
&%
&'
/&
/&
2/ 20 &5 &0 1, 10
2/ %5 2$
2/ &0
2/ 20 &5 &0 %$ 2$
2/ 20 &5 &0 1,
&5 &0
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
72,/(7 526(6
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH
*/ *UDILWH *UDSKLWH
%$ %URQ]R DQWLFR $QWLTXH EURQ]H
2/ 2URSOXV
&0 &URPDW 0DWW FKURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
2$ 2WWRQH DQWLFR $QWLTXH EUDVV
20 2URPDW 0DWW JROG
9/ 9LQWDJH
1, 1LNHOPDW 0DWW QLFNHO
10 5$/ 1HURPDW 0DWW %ODFN
+36 =LUFRQLXP VWDLQOHVV VWHHO
90 9LQWDJH PDW
%5 %URQ]R %URQ]H
%, 5$/ %LDQFRPDW 0DWW :KLWH
%7 %=* [
&' %=*
&' %=* *
&' %=* *
&' %=*
'% %=* [
)) %=*
+36 2/ &5 &0 9/ 90
1,
+36 2/ 20 +36 &5 &0 1, */ *0 9/ 90 %5 10 %,
+36 2/ 20 &5 &0 1, %5 %$ 2$ 10 %,
2/ %5
2/ &5 %5
&5 &0
)) %=* [
-3 %=*
0) %=*
00 %=* [
05 %=* * [
37 %=* [
6( %=*
&5 &0 *0 9/ 90 10
&5 &0 */ *0
&5 &0 */ *0
&5 &0 */ *0 10 %,
&5 &0
2/ &5 &0 9/ 90
&5 &0 */ *0
0DWHULDOH 2WWRQH &URPDOO 0DWHULDO %UDVV &URPDOO
72,/(7 526(6 :,7+ 35,9$&< 61,%6
2/ 2URSOXV
*/ *UDILWH *UDSKLWH
&5 &URPR &KURPH
*0 *UDILWH 0DW 0DWW JUDSKLWH
&0 &URPDW 0DWW FKURPH
&' %=* +
&' %=* +
00 %=* + [
05 %=* + [
37 %=* + [
6( %=* +
2/ &5 &0
2/ &5 &0
&5 &0
&5 &0
&5 &0
&5 &0 */ *0
0DWHULDOH 2WWRQH &URPDOO 0DWHULDO %UDVV &URPDOO
(',7,21
$SSHQGLWXWWR &RDW KDQJHUV
0$'( ,1 ,7$/<
$5B
&5 &URPR &KURPH
$5
&5
'HVLJQ $QJHOHWWL 5X]]D 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B
&5 &URPR &KURPH
&%
&5
'HVLJQ %DUWROL 'HVLJQ
0DWHULDOH 2WWRQH &URPDOO 0DWHULDO %UDVV &URPDOO
,'B
&5 &URPR &KURPH
,'
&5
&5
,'
,'B
'HVLJQ &RORPER 'HVLJQ
0DWHULDOH 2WWRQH ,' &URPDOO ,' 0DWHULDO %UDVV ,' &URPDOO ,'
/& B
&5 &URPR &KURPH
/&
&5
'HVLJQ &RORPER 'HVLJQ
0DWHULDOH &URPDOO 0DWHULDO &URPDOO
&% B
&5 &URPR &KURPH
&%
&5
'HVLJQ &DUOR %DUWROL
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
&5 &URPR &KURPH
/&
&5
'HVLJQ /XFD &RORPER
)LVVDJJLR D PXUR H YHWUR FRQ XQR VSHFLDOH QDVWUR ELDGHVLYR LQ VFKLXPD DFULOLFD DG DOWH SUHVWD]LRQL 0 9+% :DOO DQG JODVV IL[LQJ ZLWK D VSHFLDO KLJK SHUIRUPDQFH GRXEOH VLGHG DFU\OLF IRDP WDSH 0 9+%
0DWHULDOH 2WWRQH &URPDOO 0DWHULDO %UDVV &URPDOO
$5B
2/ 2URSOXV
1, 1LNHOPDW 0DWW QLFNHO
$5
2/ 1,
'HVLJQ $QJHOHWWL 5X]]D 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH 2$ 2WWRQH DQWLFR $QWLTXH EUDVV
/&
/&
+36 &5
+36 &5 2$
/& B
&ODVVLF /LQH
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
$0 B $0 B
&5 &URPR &KURPH
$0
$0
&5
&5
'HVLJQ $OEHUWR 0HGD
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
0+ B
&5 &URPR &KURPH
0+
&5
'HVLJQ 0DNLR +DVXLNH
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B
&5 &URPR &KURPH
&'
&'
&5
&5
&'B
'HVLJQ 7($0
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
$5B
&5 &URPR &KURPH
$5
&5
'HVLJQ $QJHOHWWL 5X]]D 'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
&5 &URPR &KURPH %, %LDQFRPDW 0DWW ZKLWH
/&
/&
&5 %,
&5 %,
/& B
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH /& &URPDOO /& 0DWHULDO %UDVV /& &URPDOO /&
/& B
+36 =LUFRQLXP *ROG
&5 &URPR &KURPH
/&
/&
+36 &5
+36 &5
/& B
'HVLJQ /XFD &RORPER
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
5$B
&5 &URPR &KURPH
5$
&5
'HVLJQ $PEURJLR 5RVVDUL
0DWHULDOH &URPDOO 0DWHULDO &URPDOO
U
(% B
&5 &URPR &KURPH
(%
(%
&5
&5
(% B
'HVLJQ (IUHP %RQDFLQD H *LRYDQQL 0RUR
0DWHULDOH &URPDOO 0DWHULDO &URPDOO
U
*0 B
66 6DWLQDWD 6DWLQ
*0
*0 9
66
66
'HVLJQ (IUHP %RQDFLQD H *LRYDQQL 0RUR
)LVVDJJLR D PXUR H YHWUR FRQ XQR VSHFLDOH QDVWUR ELDGHVLYR LQ VFKLXPD DFULOLFD DG DOWH SUHVWD]LRQL 0 9+% :DOO DQG JODVV IL[LQJ ZLWK D VSHFLDO KLJK SHUIRUPDQFH GRXEOH VLGHG DFU\OLF IRDP WDSH 0 9+%
0DWHULDOH $FFLDLR ,QR[ $,6, / 0DWHULDO $,6, / ,QR[ VWDLQOHVV VWHHO
3% B
+36 =LUFRQLXP 6WDLQOHVV VWHHO
&5 &URPR &KURPH
3%
+36 &5
'HVLJQ 3LHW %LOOHNHQV
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
/& B
&5 &URPR &KURPH
/&
&5
'HVLJQ /XFD &RORPER
0DWHULDOH &URPDOO 0DWHULDO &URPDOO
&'B
&5 &URPR &KURPH
&'
&'
&5
&5
&'B
&ODVVLF /LQH
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
02 B
&5 &URPR &KURPH
02
&5
'HVLJQ
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&'B &'B
&'B &'B
&'B
'HVLJQ &RORPER 'HVLJQ
&5 &URPR &KURPH
&'
&'
&'
&'
&'
&5
&5
&5
&5
&5
0DWHULDOH 2WWRQH 0DWHULDO %UDVV
&% B
&5 &URPR &KURPH
&%
&5
'HVLJQ &DUOR %DUWROL
0DWHULDOH &URPDOO 2WWRQH 0DWHULDO &URPDOO %UDVV
1XRYR ª DQFKH LO GHVLJQ ̸2QH̹ H ̸2QH4̹ VRQR L SULPL GXH PRGHOOL GHOOD FROOH]LRQH SURJHWWDWL GD &RORPER 'HVLJQ 0DQLJOLH GDOOH OLQHH PRUELGH H SXOLWH FKH EHQ VL SUHVWDQR DG HVVHUH GHFOLQDWH LQ WXWWH OH YDULDQWL FURPDWLFKH 5$/ 1HVVXQ OLPLWH TXLQGL DOOD FUHDWLYLW¢ ̸QH IDFFLDPR GL WXWWL L FRORUL̹ b 7KH GHVLJQ LV DOVR QHZ ̸2QH̹ DQG ̸2QH4̹ DUH WKH ILUVW WZR PRGHOV RI WKH FROOHFWLRQ GHVLJQHG E\ &RORPER 'HVLJQ +DQGOHV ZLWK VRIW DQG FOHDQ OLQHV ZKLFK FDQ EH HDVLO\ GHFOLQHG LQ DOO 5$/ FRORU YDULDQWV 6R WKHUH LV QR OLPLW WR FUHDWLYLW\ ̸ZH DUH XS WR DOO VRUWV RI WKLQJV ̿ DQG FRORUV̹
FRORUL SHU WDSSH VLJQLILFDWLYH GL XQ YLDJJLR OXQJR DQQL H SURLHWWDWR YHUVR LO IXWXUR 5LSHUFRUUHQGR OD VWRULD GL &RORPER 'HVLJQ GDO DO VRQR VWDWL LQGLYLGXDWL JOL DQQL FKH KDQQR VHJQDWR LQ PRGR GHWHUPLQDQWH OR VYLOXSSR D]LHQGDOH DVVRFLDQGR DG RJQXQR GL HVVL XQ FRORUH WUD TXHOOL SURSRVWL b 'DOOD SDVVLRQH FRPSHWHQ]D HG HVSHULHQ]D GHOOD IDPLJOLD &RORPER QDVFH &RORPER 'HVLJQ XQ D]LHQGD FKH SRQH DO FHQWUR GHL VXRL SURGRWWL TXDOLWj HVWHWLFD H IXQ]LRQDOLWj 8QD IDPLO\ FRPSDQ\ FKH LQIRQGH DL SURSUL SURGRWWL L YDORUL H OH WUDGL]LRQL GHO VDSHU IDUH LWDOLDQR &RORPER 'HVLJQ ZDV ERUQ IURP SDVVLRQ FRPSHWHQFH DQG H[SHULHQFH RI WKH &RORPER IDPLO\ D FRPSDQ\ WKDW SXWV TXDOLW\ EHDXW\ DQG IXQFWLRQDOLW\ DW WKH FHQWHU RI LWV SURGXFWV $ IDPLO\ FRPSDQ\ WKDW FUHDWHV LWV SURGXFWV ZLWK YDOXHV DQG WUDGLWLRQV RI ,WDOLDQ NQRZ KRZ
%521=(
:+,7(
&RORPER 'HVLJQ QHO PRQGR , SULPL GLVWULEXWRUL H OD FUHD]LRQH GL XQ QHWZRUN GL SDUWQHU FRPPHUFLDOL SHU O LQWHUQD]LRQDOL]]D]LRQH GHO EUDQG &RORPER 'HVLJQ LQ WKH ZRUOG 7KH ILUVW GLVWULEXWRUV DQG WKH FUHDWLRQ RI D QHWZRUN RI FRPPHUFLDO SDUWQHUV IRU WKH LQWHUQDWLRQDOL]DWLRQ RI WKH EUDQG
6,/9(5
$OOH SRUWH GHO QXRYR PLOOHQQLR 'LHFL DQQL GL FRQTXLVWH VXFFHVVL H FRQWLQXR ULQQRYDPHQWR GL LPSLDQWL SURFHVVL H SURFHGXUH SHU HYLWDUH LO ULVFKLR GHOO REVROHVFHQ]D $W WKH JDWHV RI WKH QHZ PLOOHQQLXP 7HQ \HDUV RI DFKLHYHPHQWV VXFFHVV DQG FRQWLQXRXV UHQRYDWLRQ RI V\VWHPV SURFHVVHV DQG SURFHGXUHV WR DYRLG WKH ULVN RI REVROHVFHQFH
675$:%(55< 5('
&DUOR %DUWROL q $UW 'LUHFWRU H ILUPD OD SULPD FROOH]LRQH GL PDQLJOLH G DXWRUH 1DVFH OD PDQLJOLD 7DFWD FKH GLYHQWD LQ SRFR WHPSR XQ LFRQD GHOO ,7$/,$1 '(6,*1
,O WULEXWR DO FODVVLFR FRQ OD FROOH]LRQH $QWRORJKLD L PRGHOOL GHO SDVVDWR ULFUHDWL GD &RORPER 'HVLJQ SHU HYRFDUH DWPRVIHUH H VWLOL GL HSRFKH SDVVDWH
/D TXDOLWj SULPD GL WXWWR VHQ]D FRPSURPHVVL H FRQ ULVSHWWR GHOOH UHJROH GL VLFXUH]]D / D]LHQGD RWWLHQH OH &HUWLILFD]LRQL 81, (1 ,62 H 4XDOLW\ ILUVW ZLWKRXW DQ\ FRPSURPLVH DQG ZLWK UHVSHFW IRU VDIHW\ UXOHV 7KH FRPSDQ\ REWDLQV 81, (1 ,62 DQG &HUWLILFDWLRQV
&DUOR %DUWROL LV WKH $UW 'LUHFWRU RI GHVLJQ KDQGOHV 7KH 7DFWD KDQGOH ZDV WKH ILUVW RQH DQG LW KDV EHFRPH DQ LFRQ RI ,7$/,$1 '(6,*1 LQ D VKRUW WLPH
%/$&.
7KH WULEXWH WR WKH FODVVLF ZLWK WKH $QWRORJKLD FROOHFWLRQ WKH PRGHOV RI WKH SDVW UHFUHDWHG E\ &RORPER 'HVLJQ WR HYRNH DWPRVSKHUHV DQG VW\OHV RI WKH SDVW
2&($1 %/8(
/·HVSDQVLRQH D]LHQGDOH SURVHJXH FRQ LO UDGGRSSLR SURGXWWLYR H O DPSOLDPHQWR GHO QHWZRUN GLVWULEXWLYR LQ RWWDQWD SDHVL QHO PRQGR %XVLQHVV H[SDQVLRQ FRQWLQXHV ZLWK WKH GRXEOLQJ RI SURGXFWLRQ DQG ZLGHQLQJ RI WKH GLVWULEXWLRQ QHWZRUN LQ FRXQWULHV ZRUOGZLGH
8QD PDQLJOLD ´)UHH VW\OHµ 'DO FRQFRUVR 'HVLJQERRP ´ +DQGOHV RQ GRRU KDQGOHVµ QDVFH 7ZLWW\ /D IRUPD q SUHFLVD GHILQL]LRQH GHOOD PDWHULD H GHOOR VSD]LR PD DQFKH HYRFD]LRQH GHOO LPPDJLQDULR
/(021 <(//2:
6816(7 25$1*(
Ë WHPSR GL ´*UHHQ PDGHµ q WHPSR GL SHQVDUH SURJHWWDUH H SURGXUUH LQ DUPRQLD FRQ O DPELHQWH /R VYLOXSSR q VRVWHQLELOH VH VRGGLVID L ELVRJQL GHOOH JHQHUD]LRQL SUHVHQWL VHQ]D FRPSURPHWWHUH OD FDSDFLWj GL VRGGLVIDUH TXHOOL GHOOH JHQHUD]LRQL IXWXUH
´)UHH VW\OHµ KDQGOH 7ZLWW\ ZDV ERUQ IURP 'HVLJQERRP ´+DQGOHV RQ GRRU KDQGOHVµ FRPSHWLWLRQ 7KH VKDSH LV D SUHFLVH GHILQLWLRQ RI PDWWHU DQG VSDFH EXW DOVR DQ HYRFDWLRQ RI LPDJLQDWLRQ
7,7$1
,W LV ´*UHHQ PDGHµ WLPH LW LV WLPH WR WKLQN WR GHVLJQ DQG WR SURGXFH LQ KDUPRQ\ ZLWK WKH HQYLURQPHQW 'HYHORSPHQW LV VXVWDLQDEOH LI LW PHHWV WKH QHHGV RI SUHVHQW JHQHUDWLRQV ZLWKRXW FRPSURPLVLQJ WKH DELOLW\ WR VDWLVI\ WKRVH RI IXWXUH JHQHUDWLRQV
&$35, %/8(
/·LPSOHPHQWD]LRQH GHOOD PDFFKLQD D WHFQRORJLD 39' RIIUH ILQLWXUH HVFOXVLYH GL SUHJLR H JDUDQWLWH QHO WHPSR 8QD WHFQRORJLD SURGXWWLYD DG LPSDWWR DPELHQWDOH ]HUR
&ROODERUD]LRQL YLQFHQWL 'DOO LQFRQWUR WUD OD FUHDWLYLWj GHL PLJOLRUL GHVLJQHUV H O HFFHOOHQ]D PDQLIDWWXULHUD GHOO D]LHQGD QDVFRQR FROOH]LRQL XQLFKH LFRQH GHOOR VWLOH &RORPER 'HVLJQ :LQQLQJ FROODERUDWLRQV
0ROWR SL GL XQD FROOH]LRQH XQ QXRYR 022' ,Q RFFDVLRQH GHO PR DQQLYHUVDULR GHOOD IRQGD]LRQH GHOO D]LHQGD QDVFH XQ QXRYR PRGR GL LQWHUSUHWDUH OD PDQLJOLD GRYH L FRORUL SURSRVWL HYRFDWLYL GL VHQVD]LRQL H VHQWLPHQWL VRQR OD FHQWUDOLWj GHO SURJHWWR ´022' FROOHFWLRQµ
39' PDFKLQH D QHZ WHFKQRORJ\ WR RIIHU H[FOXVLYH SUHVWLJLRXV DQG ORQJ ODVWLQJ ILQLVKHV $ SURGXFWLRQ WHFKQRORJ\ ZLWK ]HUR HQYLURQPHQWDO LPSDFW
&/$5(7 9,2/(7
)URP WKH PL[ EHWZHHQ FUHDWLYLW\ RI WKH EHVW GHVLJQHUV DQG PDQXIDFWXULQJ H[FHOOHQFH XQLTXH FROOHFWLRQV DUH ERUQ LFRQV RI &RORPER 'HVLJQ VW\OH
/,0( *5((1
0XFK PRUH WKDQ D FROOHFWLRQ D QHZ 022' 2Q WKH RFFDVLRQ RI WKH WK DQQLYHUVDU\ RI WKH FRPSDQ\ V IRXQGDWLRQ D QHZ ZD\ RI FRQFHLYLQJ WKH KDQGOH ZDV ERUQ 7KH SURSRVHG FRORUV UHPLQG RI VHQVDWLRQV DQG IHHOLQJV DQG WKH\ DUH WKH KHDUW RI WKH ´022' FROOHFWLRQµ SURMHFW
FRORUV IRU VLJQLILFDQW VWDJHV RI D \HDU MRXUQH\ SURMHFWHG WRZDUGV WKH IXWXUH 7UDFLQJ WKH KLVWRU\ RI &RORPER 'HVLJQ IURP WR ZH KDYH LGHQWLILHG WKH \HDUV WKDW KDYH GHFLVLYHO\ PDUNHG RXU FRPSDQ\ V GHYHORSPHQW DVVRFLDWLQJ HDFK RI WKHP ZLWK RQH FRORU IURP WKRVH SURSRVHG
022' &ROOHFWLRQ 0ROWR SL» GL XQD FROOH]LRQH 022' &ROOHFWLRQ 0XFK PRUH WKDQ D FROOHFWLRQ
/,0( *5((1 /(021 <(//2: &$35, %/8(
$ GLVSRVL]LRQH XQD JDPPD GL FRORUL DFFXUDWDPHQWH VHOH]LRQDWL SHU SRWHU GHILQLUH LO PRRG GL XQD VWDQ]D FRV® FRPH OR VWLOH GL XQD SRUWD R GL XQ VHUUDPHQWR DWWUDYHUVR DFFRVWDPHQWL WRQR VX WRQR R LQ FRQWUDVWR $ UDQJH RI FRORUV LV DYDLODEOH FDUHIXOO\ VHOHFWHG WR GHILQH WKH PRRG RI DQ HQYLURQPHQW DV ZHOO DV WKH VW\OH RI D GRRU RU ZLQGRZ WKURXJK WRQH RQ WRQH RU FRQWUDVWLQJ FRPELQDWLRQV
2&($1 %/8( 675$:%(55< 5(' 6816(7 25$1*(
022' &ROOHFWLRQ GL &RORPER 'HVLJQ G¢ VSD]LR DO FRORUH H DOOD FUHDWLYLW¢ 8Q QXRYR PRGR GL SUHVHQWDUH H LQWHUSUHWDUH OD PDQLJOLD 3URWDJRQLVWD ª LO FRORUH FRQ OD VXD FDSDFLW¢ GL HVSULPHUH LO VHQWLPHQW GL FKL OR VFHJOLH H GL SODVPDUH O DPELHQWH DUULFFKHQGROR GL VWLPROL YLVLYL FKH SDUOLQR GHOOH SHUVRQH FKH OR YLYRQR
&RORPER 'HVLJQ V 022' &ROOHFWLRQ JLYHV VSDFH WR FRORU DQG FUHDWLYLW\ $ QHZ ZD\ RI SUHVHQWLQJ DQG FRQFHLYLQJ WKH KDQGOH &RORU LV WKH SURWDJRQLVW ZLWK LWV DELOLW\ WR H[SUHVV WKH VHQWLPHQW RI WKRVH ZKR FKRRVH LW DQG WR VKDSH WKH HQYLURQPHQW HQULFKLQJ LW ZLWK YLVXDO VWLPXODWLRQV IURP WKH SHRSOH ZKR OLYH LQ WKLV HQYLURQPHQW
&/$5(7 9,2/(7 %521=( 7,7$1
/̵HOHYDWD TXDOLW¢ GHO PDWHULDOH H O̵XWLOL]]R GL YHUQLFL GL XOWLPD JHQHUD]LRQH VRQR HVSUHVVLRQH GL XQ ULQQRYDWR LPSHJQR YHUVR OD WXWHOD GHOO̵DPELHQWH H OD ULGX]LRQH GHOOR VSUHFR GHOOH ULVRUVH IDWWRUL FKH FRQVHQWRQR GL HVWHQGHUH OD JDUDQ]LD GL TXHVWD FROOH]LRQH D DQQL /D JHVWLRQH DFFXUDWD GHL SURFHVVL SURGXWWLYL ª FRQIHUPDWD GDOOD FHUWLILFD]LRQH 81, (1 ,62 m6LVWHPD GL JHVWLRQH DPELHQWDOH FHUWLILFDWR}
7KH KLJK TXDOLW\ RI WKH PDWHULDO DQG WKH XVH RI ODWHVW JHQHUDWLRQ SDLQWV DUH WKH H[SUHVVLRQ RI D UHQHZHG FRPPLWPHQW WR SURWHFWLQJ WKH HQYLURQPHQW DQG UHGXFLQJ WKH ZDVWH RI UHVRXUFHV IDFWRUV WKDW DOORZ WKH ZDUUDQW\ RI WKLV FROOHFWLRQ WR EH H[WHQGHG WR \HDUV 7KH FDUHIXO PDQDJHPHQW RI SURGXFWLRQ SURFHVVHV LV FRQILUPHG E\ WKH 81, (1 ,62 &HUWLILHG HQYLURQPHQWDO PDQDJHPHQW V\VWHP FHUWLILFDWLRQ
:+,7( %/$&. 6,/9(5
0RRG OD FROOH]LRQH PXOWLFRORUH GL &RORPER 'HVLJQ FRPSRVWD GD PDQLJOLH SHU SRUWH H ILQHVWUH GHFOLQDWD LQ GXH YHUVLRQL 2QH URVHWWD H ERFFKHWWD WRQGD H 2QH4 URVHWWD H ERFFKHWWD TXDGUDWD /D PDQLJOLD SHU ILQHVWUD DUULFFKLVFH O̵DVVRUWLPHQWR 'HWWDJOL FKH DUUHGDQR H RIIURQR XQLIRUPLW¢ HVWHWLFD DJOL DPELHQWL
:+,7( 21(
2&($1 %/8( 21(
6,/9(5 21(4
0$1,*/,$ 68 526(77$ +$1'/( 21 526(
0$1,*/,$ 68 526(77$ 675(77$ +$1'/( 21 1$552: 526(
0$1,*/,$ 68 526(77$ +$1'/( 21 526(
0RRG &RORPER 'HVLJQ V PXOWLFRORXU FROOHFWLRQ RI GRRU DQG ZLQGRZ KDQGOHV DYDLODEOH LQ WZR YHUVLRQV 2QH URXQG URVH DQG NH\ HVFXWFKHRQ DQG 2QH4 VTXDUH URVH DQG NH\ HVFXWFKHRQ 7KH ZLQGRZ KDQGOH FRPSOHWHV WKH DVVRUWPHQW 'HWDLOV WKDW IXUQLVK DQG RIIHU DHVWKHWLF XQLIRUPLW\ WR WKH URRPV
%521=( 21(4
6816(7 25$1*( 21(
/(021 <(//2: 21(4
0$1,*/,$ 68 526(77$ 675(77$ +$1'/( 21 1$552: 526(
0$1,*/,$ '. :,1'2: +$1'/( '5(+ .,33
0$1,*/,$ '. :,1'2: +$1'/( '5(+ .,33
$ FRPSOHWDPHQWR ROWUH DOOH PDQLJOLH SHU SRUWH H ILQHVWUH OD FROOH]LRQH 0RRG LQFOXGH DQFKH L QRWWROLQL H L NLW SHU SRUWH VFRUUHYROL GHFOLQDWL QHOOH GXH YHUVLRQL WRQGD 2QH H TXDGUDWD 2QH4 H L PDQLJOLRQL SHU SRUWH H SHU DO]DQWL VFRUUHYROL (OHPHQWL GL GHVLJQ FKH VRWWROLQHDQR OR VWLOH LQWHJUDQGRVL FRQ O̵DUUHGDPHQWR H GRQDQGR FDUDWWHUH DOO̵DPELHQWH b
675$:%(55< 5(' 21(
&$35, %/8( 21(4
%/$&. 21(
12772/,1, 72,/(7 526(6
12772/,1, 72,/(7 526(6
.,7 3(5 3257$ 6&255(92/( &2032672 '$ '8( 0$1,*/,( ,1&$662 6/,',1* '225 .,7 0$'( 2) 7:2 *5229( +$1'/(6
,Q DGGLWLRQ WR GRRU DQG ZLQGRZ KDQGOHV RXU 0RRG FROOHFWLRQ LQFOXGHV WRLOHW URVHV DQG VOLGLQJ GRRU NLWV DYDLODEOH RQ URXQG 2QH DQG VTXDUH 2QH 4 YHUVLRQ SXOOV IRU GRRUV DQG SXOO XS KDQGOHV IRU VOLGLQJ GRRUV ,PSRUWDQW GHVLJQ HOHPHQWV WKDW HPSKDVL]H WKH VW\OH E\ LQWHJUDWLQJ ZLWK WKH IXUQLWXUH DQG E\ JLYLQJ FKDUDFWHU WR WKH HQYLURQPHQW
&/$5(7 9,2/(7 21(4
/,0( *5((1 21( 21(4
7,7$1 21( 21(4
.,7 3(5 3257$ 6&255(92/( '8( 0$1,*/,( ,1&$662 &+,8685$ $ 12772/,12 6/,',1* '225 .,7 7:2 *5229( +$1'/(6 72,/(7 .12% &/2685(
0$1,*/,21( 6(1=$ 526(77( 38// :,7+287 526(6
0$1,*/,21( 3(5 $/=$17( 6&255(92/( 38// 83 +$1'/( )25 6/,',1* '2256
:+,7( 21(4 &/$5(7 9,2/(7 21(4
21(4 /,0( *5((1 21( 2&($1 %/8(
6816(7 25$1*( 21(4 /(021 <(//2: 21(
21( 675$:%(55< 5(' 21( %521=(
&& 560<
&& 5 5<
&& 5 5< ;
&&
&& 560<
&& %=* ;
&& '. 60
&&
&& %=*
&&
3%
3% 4
&& %=*
3%
&&
&& '. 60
&& %=*
3% 4
1H IDFFLDPR GL WXWWL L FRORUL :H DUH XS WR DOO VRUWV RI WKLQJV ̿ DQG FRORUV
3HU XOWHULRUL LQIRUPD]LRQL FRQVXOWDUH LO OLVWLQR SUH]]L )RU DGGLWLRQDO LQIRUPDWLRQ SOHDVH UHIHU WR RXU SULFH OLVW
(',7,21
)25 $(
5
/ · $ 5 7 ( ' , $ 5 5 ( ' $ 5 ( /¶DUWH GL DUUHGDUH ,O GHVLJQ LQQRYDWLYR GHOOD FROOH]LRQH )250$( SHUVRQDOL]]D H YDORUL]]D LO PRELOH G DUUHGDPHQWR /D SUDWLFLWj GHOOD IXQ]LRQH QHOO XWLOL]]R H JOL HOHYDWL VWDQGDUGV GL HFFHOOHQ]D TXDOLWDWLYD VRQR OH SUHURJDWLYH GHL SURGRWWL GHO SURJHWWR )250$( 7KH DUW RI GHFRUDWLQJ 7KH LQQRYDWLYH GHVLJQ RI WKH )250$( FROOHFWLRQ DGGV SHUVRQDOLW\ DQG FKDUDFWHU WR DQ\ SLHFH RI IXUQLWXUH 8VDELOLW\ DQG KLJK VWDQGDUGV RI H[FHOOHQFH LQ PDQXIDFWXULQJ DUH WKH PDLQ IHDWXUHV RI WKLV SURGXFW OLQH
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) &
) '
) (
&5 &0 10
&5 &0 10
&5 &0 10
&5 &0 10
&5 &0 10
&5 &0 10
) ,
) +
) )$
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) &
) '
&5 &0 10
&5 &0 10
) +
&5 &0 10
&5 &0 10
&5 &0 10
) )$
) (
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &
&5 &0 10
&5 &0 10
) (
&5 &0 10
&5 &0 10
) '
) $
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) &
&5 &0 10
&5 &0 10
) )$
&5 &0 10
&5 &0 10
&5 &0 10
) (
) '
) %
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) '
) )
&5 &0 10
&5 &0 10
) *
&5 &0 10
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) &
) '
&5 &0 10
&5 &0 10
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) (
&5 &0 10
'HVLJQ 7($0
0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) $
) &
) '
&5 &0 10
&5 &0 10
&5 &0 10
) (
) )$
) +
&5 &0 10
&5 &0 10
&5 &0 10
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &
) '
&5 &0 10
&5 &0 10
) (
) )
&5 &0 10
&5 &0 10
'HVLJQ 7($0
0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) (
) )$
&5 &0 10
&5 &0 10
) + &5 &0 10
'HVLJQ 7($0
0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) 6;
) ';
&5 &0 10
&5 &0 10
'HVLJQ 7($0
0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) *%
&5 &0 10
&5 &0 10
) (
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ 3LR H 7LWR 7RVROR ODE 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) '
) (
&5 &0 10
&5 &0 10
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) *%
&5 &0 10
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO $OOXPLQLR 0DWHULDO &URPDOO $OXPLQLXP &5 &5 &URPR &URPR &KURPH &KURPH &5 &0 &URPR &URPRVDW &KURPH 6DWLQ FKURPH
) *%
) .
&5 &5 &5 &0
&5 &5 &5 &0
) 4
&5 &5 &5 &0
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO $OOXPLQLR 0DWHULDO &URPDOO $OXPLQLXP &5 &5 &URPR &URPR &KURPH &KURPH &5 &0 &URPR &URPRVDW &KURPH 6DWLQ FKURPH
) )$
) ,
&5 &5 &5 &0
&5 &5 &5 &0
) 3
&5 &5 &5 &0
,QWHUDVVH PRGLILFDELOH LQ IDVH GL LQVWDOOD]LRQH QHOOH PLVXUH LQGLFDWH (QG XVHU PD\ PRGLI\ FHQWUH DV SHU WKH LQGLFDWHG VL]HV
L
'HVLJQ %DUWROL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO $OOXPLQLR 0DWHULDO &URPDOO $OXPLQLXP &5 &5 &URPR &URPR &KURPH &KURPH &5 &0 &URPR &URPRVDW &KURPH 6DWLQ FKURPH
L
,QWHUDVVH PRGLILFDELOH LQ IDVH GL LQVWDOOD]LRQH QHOOH PLVXUH LQGLFDWH (QG XVHU PD\ PRGLI\ FHQWUH DV SHU WKH LQGLFDWHG VL]HV
) *%
) .
&5 &5 &5 &0
&5 &5 &5 &0
) 3 &5 &5 &5 &0
'HVLJQ 3LR H 7LWR 7RVROR ODE 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) (
) )
&5 &0 10
&5 &0 10
) )$ &5 &0 10
'HVLJQ 3LR H 7LWR 7RVROR ODE 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) '
) (
&5 &0 10
&5 &0 10
) )$
&5 &0 10
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ 3LR H 7LWR 7RVROR ODE 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) $
) '
&5 &0 10
&5 &0 10
'HVLJQ 0HVVLQHR H 6HWWLPHOOL 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) (
&5 &0 10
&5 &0 10
) '
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ 0HVVLQHR H 6HWWLPHOOL 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) &
) (
&5 &0 10
&5 &0 10
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) )
&5 &0 10
'HVLJQ 0HVVLQHR H 6HWWLPHOOL 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) '
) (
&5 &0 10
&5 &0 10
) +
&5 &0 10
&5 &0 10
) *
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ &LDQL %LOOL 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH
) &
) ' &5 &0
&5 &0
) ) &5 &0
,QWHUDVVH PRGLILFDELOH LQ IDVH GL LQVWDOOD]LRQH QHOOH PLVXUH LQGLFDWH (QG XVHU PD\ PRGLI\ FHQWUH DV SHU WKH LQGLFDWHG VL]HV
L
'HVLJQ 'UDJRWWD 'HVLJQ 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN
) '
) (
&5 &0 10
&5 &0 10
) +
&5 &0 10
3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
'HVLJQ 1LFROD 1RYHOOHWWR 0DQLJOLH SHU 0RELOH )XUQLWXUH KDQGOHV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &
) '
&5 &0 10
&5 &0 10
) (
) )
&5 &0 10
&5 &0 10
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &0 &5 &URPRVDW &URPR 6DWLQ FKURPH &KURPH
)
&0 &5
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &0 &5 &URPRVDW &URPR 6DWLQ FKURPH &KURPH
&0 &5
&0 &5
) ';
) 6;
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH
) &5 &0
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 2WWRQH 0DWHULDO &URPDOO %UDVV &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH
) &5 &0
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH
) &5 &0
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ %DUWROL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 7($0
3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
)
&5 &0 10
&5 &0 10
) &5 &0 10
'HVLJQ 7($0
3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
&5 &0 10
'HVLJQ 7($0
3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
&5 &0 10
'HVLJQ 7($0
3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH
) &5 &0
'HVLJQ 7($0
3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &0 &URPR &URPRVDW &KURPH 6DWLQ FKURPH
)
&5 &0
'HVLJQ 3LR H 7LWR 7RVROR ODE 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
&5 &0 10
'HVLJQ 3LR H 7LWR 7RVROR ODE 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 0HVVLQHR H 6HWWLPHOOL 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
&5 &0 10
'HVLJQ (IUHP %RQDFLQD H *LRYDQQL 0RUR 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 3LR H 7LWR 7RVROR ODE 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 0HVVLQHR H 6HWWLPHOOL 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
&5 &0 10
'HVLJQ )UDQFHVFR 3RODUH 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 'UDJRWWD 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
)
&5 &0 10
'HVLJQ &LDQL %LOOL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ &LDQL %LOOL 'HVLJQ 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 1LFROD 1RYHOOHWWR 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 1LFROD 1RYHOOHWWR 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 6WHIDQR 3DVRWWL 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 6WHIDQR 3DVRWWL 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
'HVLJQ 6WHIDQR 3DVRWWL 3RPROLQL SHU 0RELOH )XUQLWXUH NQREV 0DWHULDOH &URPDOO 0DWHULDO &URPDOO &5 &URPR &KURPH &0 &URPRVDW 6DWLQ FKURPH 10 1HURPDW 0DWW %ODFN 3URGRWWR VX ULFKLHVWD H SHU TXDQWLWDWLYL PLQLPL 2Q FXVWRPHU UHTXHVW DQG VXEMHW WR PLQXPXP TXDQWLW\
) &5 &0 10
&RQFHSW DQG JUDSKLF GHVLJQ &RORPER 'HVLJQ 3ULQWHG LQ ,WDO\
&RORPER 'HVLJQ VL ULVHUYD GL DSSRUWDUH DL SURSUL SURGRWWL RJQL PRGLILFD HVWHWLFD H WHFQLFD FKH D VXR LQVLQGDFDELOH JLXGL]LR ULWHQJD QHFHVVDULD ,O SUHVHQWH FDWDORJR q WXWHODWR GDOOD OHJJH VXL GLULWWL GL DXWRUH (¶ TXLQGL SURLELWD RJQL ULSURGX]LRQH WRWDOH R DQFKH SDU]LDOH ,O OLVWLQR SUH]]L SXz DYHUH IUHTXHQ]H GL DJJLRUQDPHQWR VXSHULRUL DO FDWDORJR JHQHUDOH FRVWLWXLVFH TXLQGL OR VWUXPHQWR GL FRQVXOWD]LRQH SL DJJLRUQDWR /H WH[WXUHV HG L FRORUL GHL PDWHULDOL H GHOOH ILQLWXUH KDQQR YDORUH LQGLFDWLYR LQ TXDQWR VRJJHWWL DOOH WROOHUDQ]H GHL SURFHVVL GL VWDPSD /H PLVXUH LQGLFDWH VRQR HVSUHVVH VH QRQ VSHFLILFDWR GLYHUVDPHQWH LQ PLOOLPHWUL
&RORPER 'HVLJQ UHVHUYHV WKH ULJKW WR PRGLI\ SDUWV RI LWV FROOHFWLRQ UDQJH ZKHQHYHU QHFHVVDU\ ZLWKRXW SUHYLRXV QRWLFH 7KLV FDWDORJXH LV SURWHFWHG E\ WKH ,WDOLDQ FRS\ULJKW ODZV 1R SDUW RI WKLV FDWDORJXH PD\ EH UHSURGXFHG LQ DQ\ IRUP RU E\ DQ\ PHDQV 7KH SULFH OLVW KDV D SULQWLQJ IUHTXHQF\ KLJKHU WKDQ WKH JHQHUDO FDWDORJXH WKHUHIRUH LW LV WKH PRVW XS GDWHG FRQVXOWLQJ WRRO 7KH WH[WXUHV DQG FRORXUV RI PDWHULDOV DQG ILQLVKHV DUH QRW ELQGLQJ DV WKH\ GHSHQG RQ SULQWLQJ FRORXU WROHUDQFHV $OO PHDVXUHV PHQWLRQHG KHUHLQ DUH VWDWHG LQ PLOOLPHWHUV LI QRW GLIIHUHQWO\ VSHFLILHG
C O L O M B OD E S I G N. I T