C ATA L O G O
GENERALE
2012-2013
HDBB6G>D
:;7B;HD;JMEHA
'
B;9JHEJ78
*-
78J#JH79
+
C7NM;BB
+'
9;DJ;A?D:KIJH?;I
'+
F7HA;HH79EH
+-
9>7HB;IC7H?D;
('
I?:;FEM;H
,)
:;BJ7ÇJÈIOIJ;CI
(+
IJ;OH
-)
:OD7C?97
(/
KD:;HM7J;HB?=>JI
-/
=B;D:?DD?D=
))
L?9JHED;D;H=O
.-
AE>B;H
)/
P<
/+
:;7B;HD;JMEHAI7?CC7H?D;
7DJ?BB;
C7BJ7
:;7B;HD;JMEHA
I7?CC7H?D;
I7?C<H7D9;
<gjee^ZaZiigd\Zc^
9ncVb^XV$@d]aZg
KZgg^XZaa^
BVmlZaa
I]gjhiZgh
67I$H^YZEdlZg
8dbVcY^:aZiigdc^X^
O;BVg^cZ:aZXigdc^Xh
Bdidg^ZcigdWdgYd
HiZngBdidgh
?J7B?7
BEC87H:?7
B?=KH?7
<ZcdkV
<ZcdkV
AVkV\cV<:
AVkV\cV<:
HZhig^
AZkVciZ<:
HVcgZbd>B
HVcgZbd>B
HVcgZbd>B
HVcgZbd>B
H#HiZ[Vcd
VaBVgZ>B
EdggV
Y^KZci^b^\a^V>B
HVkdcVHK
6aW^hdaVHK
6aWZc\VHK
KVgVooZHK
AVHeZo^VHE
<67G>:A:IIGD>C;DGB6I>86Hga
(.#%&%#(%,+%-+
H^\#A^c[VciZ
G<G:II>;>8=:<:CDK:H>Hga
(.#%&%#-(,+(%+
H^\#EZgVhhd (.#((*#-()--)*
67HcX
(.#%&-*#('''*(
H^\#7gdco^ (.#((+#'*'*).
:A:IIGDB6MHcX
(.#%&-*#(&&&%%
H^\#HigjXX]^ (.#((*#*)''(*E:H86<A>6B6HH>BD
(.#%&-*#)-*,%(
H^\#EZhXV\a^V (.#(),#,+-+*-.
B6G>C::A:8IG>8HcX
(.#%&-)#*%(.*)
H^\#<gVo^Zaad (.#((*#(.*,.&
C6JI>H:GK>8:Hga
(.#%&-)#*%,)%*
H^\#G^\]^ (.#((-#+),%(((
I:8CDC6JI>86HcX
(.#%&-)#*%+('H^\#EZYVciZ (.#((*#+%(*,%+
D;;#G:9><DADGD7:GID
(.#%&-)#*%+',*
H^\#GZY^\dad (.#((*#''+(,*
L:HIH6>ADGHHga
(.#%&-)#)-*)&(
H^\#6gcVaY^ (.#(++#(*-&'**
7A68@EDL:G:A:8IG>8
(.#%&-)#(&%'*
H^\#HfjVgX^V[^X]^ (.#((*#(%'*.'
86CI>:G>HE6G6CDHga
(.#%&.#-'&()H^\#9^7Vgidad (.#((*#(.))&&
D#6#C#Hga
(.#%&.#-.((--+
H^\#<Viid (.#((*#+&%-+''
C6JI>86K69>CDHcX
(.#%&-'#*%+.+
H^\#<^VX^cid (.#((.#'''(-'.
A6H>B6GK6G6OO:Hga
(.#%&.#*'-*'%.
H^\#6c\g^hVc^ (.#()*#'..(,+:A:8IGDBDIDGHga
(.#%&-,#,&&(-+
H^\#EdgijcVid (.#((*#-(+*+-&
AVHeZo^VHE
HVgoVcVHE
BDIDGK:A6
(.#%&-,#.-'',,
h^\#VBV\\^Vc^ (.#((*#&'*'(%)
G>E6G6O>DC>BDIDG>Hga
(.#%&-,#+','.&
H^\#8VgeVcZhZ (.#((-#--&.+*.
F?;CEDJ;
KZgWVc^V
C6JI>867:<DHga
(.#%('(#)%)*))
7jXX^cVhXdB> H6>BB6G>C:
(.#)--*(&
HZgk^XZ (.#)--*()%%
IVkZgcdaV7< I:8CD":A:IIG6H:7>C6HcX
(.#%(*#.('*)&
H^\#;dgZhi^ (.#((*#+-,('+'
HZhid8VaZcYZK6 C6JI>8H:6HcX
(.#%((&#.(&,,,
H^\#BdghZaa^ (.#((*#+%-%,&&
<Vg\cVcd
86CI>:G:C6JI>8D;:AIG>C:AA>HcX
hja<VgYV7H
(.#%(+*#,&')%
GZhe#IZXc^Xd/ (.#((*#-''.+)%
A^cVgdadEK
8#C#6B>8>9:AEDHVh
(.#%(-'#)-*%*%
9:6A:GC:ILDG@
HiVW^a^ooVidg^
67I
;C?B?7HEC7=D7
8VaYZgVgV
Y^GZcd7D
H6>BB6G>C:
(.#%*&#,'.'+%
8Zgk^VG6
8Zgk^V
BVg^ii^bVG6
GVkZccV
:A:IIGDC6JI>86E:EE>CD
(.#%*))#.,(%(&
H^\#EZee^cd (.#((*#+)(*--(
86CI>:G:C6K6A:9:8:H6G>HcX
(.#%*))#.,)%)%
H^\#9Z8ZhVg^
<#7>6C8=>6HH>HI#BDIDG>
(.#%*))#)*(+.%
H^\#7^VcX]^ (.#((*#++.*-(*
;dga‡;8
8Viida^XVGC
88A<He6
(.#%*)(#-)&,(
H^\#KZcijg^c^ (.#()-#%.,'..*
BJA6OO6C>C6JI>86
(.#%*)&#.*,%*(
H^\#BjaVooVc^/ (.#(((#)('%*%*
<H?KB?
AVi^hVcVJ9
AVi^hVcV
BVg^cVJ9
BVgVcd
AV\jcVgZJ9
A^\cVcdJ9
8dgYZcdchEC
Bdc[VaXdcZ<D
I:8CDC6JI>86HVh
(.#%)(&#*(+'+
H^\#Bdci^Xd (.#(),#'+%),%+
C6JI>868:CI>HHcX
(.#%)(&#*(+))
H^\#8Zci^h (.#((*#+)-,.-+
G:7DN68=IH:GK>8:Hga
(.#%)(&#*()).
H^\#EgViVk^ZgV (.#((*#*'%&+,'
86CI>:G:C6JI>8DA><C6CDHcX
(.#%)(&#,&,'+
H^\#6\cda^c (.#((*#*)+,,.,
IDB:ÉGD7:GIDD[[#BZXX#6hh#CVji^XV
(.#%)()#)%),'
H^\#Idb‚ (.#()-#(%))(,'
;#AA>9:B6G8=>HC8
(.#%)-&#)&%',&
'
L;D;JE
C7H9>;
9:6A:GC:ILDG@
L;D;JE
BZdadK:
<gjVgdK:
Edgid\gjVgdK:
;dhhVaiV
Y^Edgid\gjVgdK:
A^YdKZcZo^VK:
Gdhda^cVGD
76<6<<>6<>JH:EE:
(.#%)'&#+&%%H^\#7V\V\\^V (.#()-#(.+%%-DHB6HcX
(.#%)'&#,'--(")
H^\#B^aVc (.#((*#+&-+,,+
BDIDG9>:H:AHcX
(.#%)'&#'))',&
H^\#Odgod (.#((*#+'%%)*)
I:8CDC6JI>86<GDJEHga
(.#%)'&#')-(%(
H^\#Bdci^Xd (.#(),#'+%),%+
K:CB6GHga
(.#%)&#',+%(&%
H^\#IgZk^hVc (.#()-#-'*(-.C6JI>86EDA:H6C6Hga
(.#%)'+#()%'&(
H^\#<]Zood
;VaXdcVgV
B#bV6C
HZc^\Vaa^V6C
HVc8dhiVcodEJ
;VcdEJ
GD7D6IHZgk^XZ
H^\#<VWg^Zaa^ (.#((*#+).%%(*
8BBN68=IH:GK>8:
(.#%,&#++%.,.,
H^\#8^g^VX]^AjX^d (.#(),#&'+''.*
@:DE:B6G>C:HcX
(.#%,'&#.*.),.
H^\#H^akZhigdc^ (.#(),#'.,(&%&
A#E#A#HcX
(.#%,'&#-**%()
H^\#<Vaa^ (.#(((#,&-++-&
L;D;JE
78HKPPE
H#<^dkVcc^
IVhi^Vcd8]
EZhXVgV
N68=I:BDI>DCH
H^\#;jXX^dad (.#(++#),,'-,)
96C>B6G7D6IH:GK>8:Hga
(.#%-*#)*&%(+&
H^\#EZaaZ\g^cd
JEI97D7
K^VgZ\\^dAJ
6;<B6G>C:
(.#%*-)#(-,(*
H^\#6cidc^c^ (.#((*#,%&&())
8Vhi^\a^dcZYZaaV B6G:A:IIG6HcX
EZhXV^V<G
(.#%*+)#.(.%*'
H^\#7Zgi^ (.#((*#+*.*',)
;daadc^XV<G
86CI>:G:B6G>C:HEDGIHHga
(.#%*++#*&(+)
9g#8Zg‚ (.#('-#,'(.++(
Edgid:gXdaZ<G D;;#B:88#BDIDG>B6G>C>HcX
(.#%*+)#-((*++
H^\#HVci^ (.#((*#,&)(-+
Edgid:gXdaZ<G C6JI>86N68=I>C<Hga
(.#%*+)#-('&+'
H^\#6adXX^
EdgidH#HiZ[VcdA6C9>C>6C<:AD
<G
(.#%*+)#-&,&,,
H^\#AVcY^c^ (.#((*#+)+(+(.
EdgidH#HiZ[Vcd EDL:G7D6IH:GK>8:Hga
<G
(.#%*+)#-&%+..
H^\#HXaVcd (.#((*#+'*'(*&
EdgidH#HiZ[Vcd :A:IIGDB6G:
<G
(.#%*+)#-&%(,(
H^\#;jh^c^ (.#()-#+*%%-+*
EdgidH#HiZ[Vcd A688=>C>:CG>8DHcX
<G
(.#%*+)#-&(,+&
H^\#AVXX]^c^ (.#((.#),-.%'*
EdgidH#HiZ[Vcd H:6:C<>C:9>6CIDC>DAD;;G:9D
<G
(.#%*+)#-&'-&)
H^\#Ad[[gZYd (.#((*#+.%(&.(
EjciV6aV<G
86CI>:G:C6K6A:8DHI6:IGJH86Hga
(.#%*+)#.'',+&
H^\#Hdcc^c^
A^kdgcdA>
N68=IB6HI:G
H^\#CdXX]^ (.#('.#(*)+&(&
A^kdgcdA>
B6G>C:I:6BH:GK>8:N68=IHHcX
(.#%*-+#)))(-(
H^\#EVda^ (.#(((#,*%--(&
Edgid[ZggV^dA> :H6DB8:H6He6
(.#%*+*#.&.(&&
H^\#Ijgdc^ (.#()-#+%+*((&
BVgX^VcVBVg^cV C6JI>86H6C9GDIDH86CD
A>
(.#%*+*#.%)(+)
h^\#IdhXVcd (.#(),#++-+-)
DheZYVaZiidE> <#>#C#Hga
(.#%*%#.+*+%++
H^\#7^c^ (.#((*#-&'.)'+
6kZcoV8VggVgV 9>:H:A8:CI:G<:96Hga
BH
(.#%*-*#-*-&-'
(.#((.#*+(%.*'
(
L;D;JE
CEB?I;
IZgbda^87
B6G>CJ88>N68=I>C<Hga
(.#%-,*#,&),(H^\#gV;gVcXZhXV (.#()%#%+%%-%-
L;D;JE
B7P?E
;^jb^X^cdGB
GdbV
GdbV
8Vge^cZid
GdbVcdGB
EdbZo^VGB
8^k^iVkZXX]^VGB
;^jb^X^cdGB
HVc;Za^XZ
8^gXZdAI
AVi^cV
H6>BB6G>C:
(.#%+#+*%'.)+'
H^\#7g^\]Zci^ (.#((*#,)(%(),
H^\#8daV^Vcc^ (.#((*#,+&'()+
EDL:GA>C:Hga
(.#%+#*'(&&)&H^\#8ZXXVgZaa^ (.#((*#+&%%,))
D#B#G#Hga
(.#%+#*'*.*&%
H^\#7VYZgd (.#()-#'+)('(%
>I6AC6K>H:GK>8:Hga
(.#%+#.,&.)(H^\#8VgZaaV (.#(),#(%%(&*(
6#8#>BE>6CI>
H^\#8dadbWd (.#((-#,+'((%%
:JGDB6G:
(.#%,++#(&'&,
H^\#7jiiVgZaa^ (.#((*#*(,&.-%
8:CIGDC6JI>8D;>JB>8>CD
(.#%+#+*%'*%('
H^\#BV\jgcd (.#((,#*.(.+(
O6B6GHcX
(.#%,,(#*.,')'
H^\#OV[[Zgg^
DGBB6?6CC>8DA6'%%%HE6
(.#%,,(#+&%*&-
97CF7D?7
CVeda^
CVeda^
CVeda^
CVeda^
CVeda^
7V\cda^C6
:78":A:IIGDC>87GD@:G8DBE6CN
(.#%-&#*.(((-(
H^\#K^i^Zaad
H8D<C6B><A>D;G6C8:H8D
(.#%-&#,+)%)%,
H^\#HXd\cVb^\a^d (.#(((#(,'&.&'
9:B6GHga
(.#%-&#*,%&+'+
9>E>CID<>JH:EE:X#Hga
(.#%-&#,+'-.**
H^\#9^E^cid (.#((*#&'-&&-'
:A:IIGDB6G:
(.#%-&#,+'(.&.
H^\#7VgVii^ (.#((*#*').%-:A:IIGDC6JI>86<>:;;:HcX
(.#%-&#*,%'&,H^\#<j^iid (.#(),#(--').+
<>:GG:HcX
(.#%-&#-*)()-,
H^\#Gje^a (.#((*#,)-&(,(
D;;>8>C6BDA:6
(.#%-&#'(%((%H^\#BdaZV (.#((*#+'-(()*
E^VcdY^HdggZcidHDJI=H6>AHH6H
C6
(.#%-'-#'&%,'.
H^\#8dciVgY^/ (.#((.#&,*(,),
>hX]^VEdgidC6 B><A>688>D86GB>C:D;;#B:886C>86
(.#%-&#..'.'&
H^\#B^\a^VXX^d (.#(((#'-,-%,.
HdggZcidC6
:AB6G:A:IIGDB:886C>86Hga
(.#%-&#-%,'&,+
H^\#8VhdaV
G#H#:A:IIGDB6G:HVh
E^Vcd
Y^HdggZcidC6 (.#%-&#-%-(.&
H^\#Gjhhd (.#((-#-+)..-'
8Veg^C6
B6G>C:I:8=C>86A
6HH>HI6C8:
(.#%-&#-(,*(&'
H^\#GjdXXd (.#((*#-&)**-.
B>K:B:Hga
K^ijaVo^d8:
(.#%-'(#,..&)(
H^\#EVhXVgZaaV (.#((*#,-+,%+&
FK=B?7
7Vg^
<Vaa^eda^A:
<Vaa^eda^A:
<Vaa^eda^A:
<Vaa^eda^A:
AZXXZ
BVc[gZYdc^V;<
H6CH:K:G>CDHga
(.#%-%#*()&.,,
9g#HVchZkZg^cd (.#(),#,-(&''(
<GJEEDH:6EGD?:8IHga
(.#%-((#'+(%(%
H^\#GdbVcd<^dg\^d (.#('.#-+&-.,+
E6DADH:AK6<<>D
(.#%-((#'%'&%)
H^\#8aVjY^d (.#()-#((++&.)
:A:IIGDC>86C6K6A:
(.#%-((#'%''*&
H^\#9ZGdhV (.#(),#+,&--).
G>BDC6JI>86Hga
(.#%-((#)*%%&%
(.#(()#+'.%,%)
HI>AC6JI>86Hga
(.#%-('#(&,*,%
B6GA>86CI>:G>C6K6A>
(.#%--&#+(&*(,
H^\#IjXX^d (.#(.(#.')%%)'
<^VgY^c^CVmdhB: D;;>8>C68G>H6;JAA>B6G>D
(.#%.)'#*&''(
H^\#8g^hV[jaa^ (.#('.#%.+',&(
IgVeVc^
:A:IIGDB:886C>86C6K6A:
(.#%.'(#*),,-,
H^\#HZghZ (.#((+#-.)&-%
8ViVc^V
B6G:A:IIGDH:GK>8:
(.#%.*#,&''*)%
H^\#Gjhhd (.#((-#--').-(
I7H:;=D7
8VediZggV86
EdgidIdggZhHH
EdgidIdggZhHH
6a\]ZgdHH
6C8DB6GH6G96
(.#%,%'+*(+*H^\#;Vg^\j (.#(.(#.+,*)'%
G#<#B6G>C:Hga
(.#%,.#*%)+%',
H^\#AZYYV (.#(-%#(&)(%)*
B6HI:GB6G>C:
(.#%,.#..)()(,
H^\#AZYYV (.#(-%#(&)(%)*
B6G>C69>:H:A
(.#%,.#.*''+(
(.#(),#)%--*.+
DaW^VDI
Edgid8ZgkdDI
8VaVHVXXV^VDI
DaW^VDI
86CI>:G>C6K6A>
9:AA:K6CI:Hga
(.#%,-.#*&)(*
H^\#6YY^h (.#(%&+-)%
9:6A:GC:ILDG@
7VXda^C6
Edoojda^C6
86CI>:G:EDGID8:GKDHga
(.#%,-.#.%*)&&
H^\#<Zgdb^cd
DA7>67D6IH:GK>8:Hga
(.#%,+.#*(%+%
H^\#K^gY^h (.#((*#*..*,&&
86CI>:G:;G:9>6C>HcX
(.#%,-.#,%+%*+
H^\#;gZY^Vc^
97B78H?7
K^WdKVaZci^VKK E>H6C>GD7:GID
(.#%.+(#*,''+)
H^\#E^hVc^ (.#((*#,)*)%*'
I?9?B?7
EVaZgbd
EVaZgbd
;jgcVg^B:
;jgcVg^B:
;jgcVg^B:
9É6GE66A;DCHD
(.#%.&#'%&++'
H^\#9É6geV<^gdaVbd
C6JI>86AD86H8>D6CIDC>D
(.#%.&#,-)&-*&
H^\#Ad8VhX^d (.#().#,(.*..(
I:HHHga
(.#%.)&#-,)%.,
H^\#AVBVXX]^V (.#(),#..)%--%
:A:IIGDB6G
(.#%.)&#-,)%%%
H^\#<j\a^VcYdad
(.#((-#*-*'%()
C6JI>86<>DG96CDHga
(.#%.)&#-,)'&(
H^\#<^dgYVcd (.#(.'#.%&*%-&
<H7D9?7
BVcYZa^Zj
H6>B;gVcXZ
((%).(.%'-''
Bg#Bdii^c7Zg\Zg ((+&%&)(%(,
C;:?J;HH7D;E
6ci^WZh
7VcYda
8VccZh
8VccZh
AV;VgaZYZ
IG6HIDJGB6G>C::A:8IG>8>I:
((%).(()%-.,
FJ>8@H:GK>8:
((%).)'.%))&
8:6B
((%).((-(+)&
:#C#6#
((%).((.(*,(
H:6C:G<N
((%).)*,,.+,
)
9:6A:GC:ILDG@
<g^bVjY
BVghZ^aaZ
8Vggdh
Edgi8VbVg\jZ
HƒiZ
96K>9C6JI>8
((%).))((&%&
6I:A>:GHADJ>H<6AA>
((%).&%(-'.HJ99>:H:AB6G>C:
((%).,%'%'*+
6I:;
((%)++*())(&
C6JI>89>:H:A
((%+%.(*'-)'
7JB7DJ?9E
AVIZhiZ
6gXVX]dc
AVGdX]ZaaZ
Adg^Zci
:A:8IG>8>I:H:G<:H>G<>HI
((%**+*).&,%
:A:8IG>8>I:B6G>C:
((%*)+)&-+.'
6I:A>:GHCDGB6C9
((%'.,(,%)++
<H7D9?79;DJH7B;
EVg^h
;G:>C:IB6G>C:
((%&)'**(-&*
Eg^bdhiZc
EjaV
EjcVi
Hda^c
Hea^i
Hea^i
H^WZc^`
Ig^Wjc_
JbV\
OVYVg
OVYVg
C6K><6IDG
(-*%''*,%.-.
ˇ
´ (-*.-'**)''
CZkZc8^`Zh
;>I>C<H7D6IH
(-*%*'*(),,(
ˇ (-*.&*&&'%-)
Adg^h7^a^X
B6G>C::C<>C:H
(-*%*&+*)(&%
BVg^dLV\cZg (-*.&&+*)(&%
9:AI6:A:8IG>8
(-*%'&'&*),ˇ ˇ ´ (-*.-,*+)-.
@VgadO^o^X
A:DC6JI>@6
(-*%'&*%.+%(
AZd;jhZ` (-*.-(,%,)*
B6I69JG6
(-*%'&(.-*+&
BVgi^c7^a^X (-*.-)((&%&
N68=I@DCO6AI>C<
(-*%'''&*'&)
ˇ
ˇ
OZa_`dIZh^_V
(-*%..,--(+&:A:@IGDH:GK>H6O
(-*%''))+&%)
ˇ
OYZc`dBVi^XZk
(-*.&'%&,,*,
6AB>9#D#D#
(-*%*',)&%+*
ˇ ´ (-*.-&+&++%%
6aZc7gZXZk^X
:AB6G
(-*%'((&-)-,
6aZc<VaVX (-*.-((-+%+
G"C6JI>86
(-*%'((&'**'
´ (-*.*.%)-+'%
Gdc^Ojk^X
9EHI?97
6_VXX^d
8Vak^
IBEL;D?7
:A:8IG>8>I:6JIDB6G>C:
((%).*''&*&&
C6JI>8H:GK>8:H
((%+%,-.%&%,
Edgidgdo
GD7:GID>C<#BD=DG>8
(-+%*+,,*(&-
GdWZgidBd]dg^X (-+)&+)+&++
7DJ?BB;
Ed^ciZ|E^igZ L6NED>CI
((%*.%.%.)-&
AZBVg^c
86G6>7:H<G::B:CIB6GI>C>FJ:
((%*.+,)-%((
Hi#7Vgi]ZaZbn =J<J:HB6G>C:
((%*.%',*%,%
CEDJ;D;=HE
9HE7P?7
*
DeVi^_V
9jWgdkc^`
9jWgdkc^`
6A;6I:='%%%9#D#D#
(-*%*&','.-&
[Vm (-*%*&,&-&*%
ˇ ´
Bg#GV_`d7gcX^X
(-*%.-'*,,** (-*%..'*,,***
8IB
(-*%'%)*+'.%
ˇ
ˇ
8Vga^8VaZiV
(-*.-()**++
ˇ
C6JI>8@>H:GK>H
(-*%'%)*)'&*
ˇ ˇ (-*.&))*&&&%
>kd7VX^X
>X^X^
B:CCN68=I
(-*%*&*%*,'%
ˇ ´ (-*%.&&,,'+(+
?VcXdBVijh^X
@#<db^a^XV
EDA?DB6G
(-*%'&*+-'&+
ˇ
CZWd_hVKj`bVc
(-*.-(,&'+&
7^_ZaV
I^kVi
I^kVi
B6G>C:H:GK>8:H
(-'%(&+,&'%%
CZcVYAVodk^X (-'%+.%(&%.(
76H:C6JI>86
(-'%-'++%'+%
6cidc^dEVaVb^id (-'+.+(.%'%
C6K6G
(-'%('+,&+,)
7dodO\gVY^X (-'+,(*+('&
C7BJ7
<o^gV"BVaiZ
N68=IH:GK>8:AI9
(*+'&(().*&
Bg#KZaaV (*+..).(-',
67I IgVX ƒ heZX^Va^ooViV ^c h^hiZb^ Y^ hiVW^a^ooVo^dcZ Y^cVb^XV! hiVi^XV ZY Za^X]Z Y^
bVcdkgV#AVhZYZVGd]cZgiEVg`!8Va^[dgc^V!aZ]VeZgbZhhdY^VXfj^h^gZjcVkVhiV
ZheZg^ZcoV cZaaZ bdk^bZciViZ VXfjZ YZaaÉDXZVcd EVX^[^Xd X]Z! igVhedgiViV ^c
BZY^iZggVcZd!]VeZgbZhhd^agV\\^jc\^bZcidY^g^hjaiVi^^cXgZY^W^a^#
AdhiV[[iZXc^XdheZX^Va^ooVidY^HV^bBVg^cZ6eea^XVi^dcZaVWdgV^ch^ZbZV^Xa^Zci^aV
b^\a^dgZhdajo^dcZeZgd\c^Zh^\ZcoV#
+
HiVW^a^ooVidg^Y^\^iVa^
JH79IjWX_b_ppWjeh_:_]_jWb_Z_dWl_]Wp_ed[
AVedh^o^dcZYZaaVe^ccVZfj^cY^aVhjV^ciZgVo^dcZXdc^ah^hiZbV
WVgXV ƒ \dkZgcViV YV daigZ '%% eVgVbZig^ X]Z! ^c [jco^dcZ YZaaV
kZadX^i| YZaaÉ^bWVgXVo^dcZ! YZaad hiVid YZa bVgZ Z YZa i^ed Y^
hiVW^a^ooVo^dcZ g^X]^Zhid XdbW^cVcd ijii^ ^ eVgVbZig^ Va [^cZ Y^
diiZcZgZhZbegZaZbVhh^bZegZhiVo^dc^edhh^W^a^#
<gVo^Z V hZchdg^ XdaaZ\Vi^ VY jcV XZcigVa^cV Y^\^iVaZ! ^a h^hiZbV
XdcigdaaV Xdci^cjVbZciZ Z Xdc jcÉZaZkVi^hh^bV [gZfjZcoV aV
edh^o^dcZYZaaVe^ccVVa[^cZY^g^YjggZVabVhh^bd^abdidY^gdaa^d#
<gVo^ZVaaÉ^ciZg[VXX^VVXg^hiVaa^a^fj^Y^idjX]hXgZZcaÉdeZgVidgZejŒ
[VX^abZciZ ^ciZgV\^gZ Xdc ^a h^hiZbV ZY VkZgZ YV fjZhiÉjai^bd
^cY^XVo^dc^ji^a^Vahjdji^a^ood#
JH79#IJ7HIjWX_b_ppWjeh_:_]_jWb_f[h\kdp_edWc[djeWbbÊWdYehW
Ý d\\^ Y^hedc^W^aZ V g^X]^ZhiV ^a g^kdajo^dcVg^d h^hiZbV Y^ hiVW^a^ooVo^dcZ HI6G HIVW^a^oVi^dc 6i GZhi X]Z k^
eZgbZiiZg|Y^k^kZgZbdbZci^^cY^bZci^XVW^a^VaaV[dcYVhZcoV^a[Vhi^Y^dhdgdaa^dYdkjidVaeVhhV\\^dYZaaZVaigZ
WVgX]ZdVaaVg^hVXXV#
>a h^hiZbV X]Z k^ hiVW^a^ooV YjgVciZ aV cVk^\Vo^dcZ Xdc jcV hZbea^XZ egZhh^dcZ Y^ jc Y^id hjaad hX]Zgbd idjX]
hXgZZc Y^kZciZg| Vii^kd Z [jco^dcVaZ VcX]Z YV [Zgb^# AÉZhVaiVo^dcZ YZa Xdb[dgi ^c fjZhiZ XdcY^o^dc^ ejŒ ZhhZgZ
YZhXg^iiVhdadYVjcegdkVYVak^kd#6jidbVi^XVbZciZcdcVeeZcVg^Xdb^cXZgZiZVcVk^\VgZ^ah^hiZbVidgcZg|V
hiVW^a^ooVgk^Xdc^eVgVbZig^YZaaVcVk^\Vo^dcZ#
:_W]hWccW][d[hWb[[b[jjh_Ye
H^hiZbVV')K
BATTERIA
BATTERIA
H^hiZbVV&'K
8dckZgi^idgZY^ediZcoVVjh^a^Vg^V
HZgWVid^d
Convertitore di
tensione
BATTERIA
8VkdeZgXZcigV\\^de^ccV
8dbVcYdgZbdid
eZge^ccV
EVccZaadidjX]hXgZZc
7adXXdXdcigdaad
egZhh^dcZ
Cavo dati seriale dritta
Sensore retromarcia dritta
Sensore velocità dritta
HZchdgZgZigdbVcX^Vh^c^higV
Sensore velocità sinistra
HZchdgZ
Y^edh^o^dcZ
eZccVY^h^c^higV
HZchdgZY^
edh^o^dcZ
e^ccVY^Yg^iiV
KVakdaVegdedgo^dcVaZY^YZhigV
6iijVidgZh^c^higV
,
KVakdaV
egdedgo^dcVaZ
Y^Yg^iiV
6iijVidgZY^Yg^iiV
7jjkWjeh_
6iijVidgZk^hidYVaaÉVaid
6iijVidgZk^hidaViZgVabZciZ
K^hiV[gdciVaZ
HiVW^a^ooVidg^Y^\^iVa^
8dcigd[aVc\^V
^ciZgcVVhXV[d
K^hiVaViZgVaZ
7
8
9
:
;
<
=
''%
&)#)%Ç
(+#*-Xb
&+#*%Ç
)&#.&Xb
.#'.Ç
'(#+%Xb
&+#*%Ç
)&#.&Xb
*#(*Ç
&(#*.Xb
*#*,Ç
&)#&*Xb
)#+,Ç
&&#-+Xb
'*%
&+#,*Ç
)'#*)Xb
&,#''Ç
)(#,)Xb
&'#+.Ç
('#'(Xb
&-#%%Ç
)*#,'Xb
+#%%Ç
&*#')Xb
+#),Ç
&+#)(Xb
+#'*Ç
&*#--Xb
(%%
&-#++Ç
),#+(Xb
&,#-+Ç
)*#(+Xb
&)#%'Ç
(*#+&Xb
''#%%Ç
**#--Xb
+#.)Ç
&,#+(Xb
,#+'Ç
&.#(*Xb
+#,*Ç
&,#&)Xb
(,%
'+#%%Ç
++#%)Xb
&.#*+Ç
).#+-Xb
&)#*%Ç
(+#-(Xb
'+#*%Ç
+,#(&Xb
,#-'Ç
&.#-+Xb
.#%,Ç
'(#%(Xb
-#-,Ç
''#*(Xb
))%$*)%
$
('#(%Ç
-'#%)Xb
'%#'+Ç
*&#)+Xb
('#,*Ç
-(#&-Xb
.#,+Ç
')#,.Xb
&*#,%Ç
)%Xb
&&#%'Ç
(%Xb
+)%
(.#,*Ç
&%%#.+Xb
()#%%Ç
-+#(+Xb
$
$
&&#''Ç
'-#*%Xb
&,#('Ç
))Xb
$
HdadeZgXVgZcV^ckZigdgZh^cV
F_ddW
AZ e^ccZ hiVW^a^ooVig^X^ hdcd hiViZ XgZViZ Va
XdbejiZgXdcegd[^a^dii^b^ooVi^Va[^cZY^diiZcZgZ
aV bVhh^bV edgiVcoV Xdc aV b^c^bV gZh^hiZcoV
^cYdiiV# AÉVYdo^dcZ YZaaV l^c\aZi X^ eZgbZiiZ
^c[Vii^Y^ZhVaiVgZaZhjZeZg[dbVcXZ^YgdY^cVb^X]Z
Z XdchZ\jZciZbZciZ Y^ VWWViiZgZ Va bVhh^bd ^a
bdidY^gdaa^d#
A
B
C
D
G
)#*hf[i
%#)'hfb
(*#*Ç
.%#'Xb
-#*Ç
'&#+Xb
'%#-Ç
*'#-Xb
'+#.Ç
+-#(Xb
&'#&Ç
(%#,Xb
+hf[i
%#*+hfb
)&Ç
&%)#&Xb
.#-Ç
')#.Xb
'(#.Ç
+%#,Xb
(&Ç
,-#,Xb
&)Ç
(*#+Xb
,#*hf[i
%#,%hfb
)*#-Ç
&&+#(Xb
&&Ç
',#.Xb
'+#,Ç
+,#-Xb
()#,Ç
--#&Xb
&*#,Ç
)%Xb
.hf[i
%#-)hfb
*%#'Ç
&',#*Xb
&'Ç
(%#*Xb
'.#(Ç
,)#)Xb
(-Ç
.+#*Xb
&,#'Ç
)(#,Xb
&'hf[i
&#&'hfb
*-Ç
&),#(Xb
&(#.Ç
(*#(Xb
((#.Ç
-+#&Xb
)(#-Ç
&&&#(Xb
&.#-Ç
*%#(Xb
&+hf[i
&#)-hfb
++#&Ç
&+-Xb
&*#.Ç
)%#%)Xb
(-#+Ç
.-Xb
*%Ç
&',Xb
''#+Ç
*,#)Xb
'%hf[i
&#-+hfb
,*#)Ç
&.&#*Xb
&-#&Ç
)+Xb
))Ç
&&&#-Xb
*,Ç
&))#-Xb
'*#,Ç
+*#(Xb
'+hf[i
'#)&hfb
-*#.Ç
'&-#'Xb
'%#%+Ç
*'#(Xb
*%#(Ç
&',#-Xb
+*Ç
&+*#&Xb
'.#)Ç
,)#,Xb
()hf[i
(#&+hfb
&(*#*Ç
())#'Xb
'.#&Ç
,(#.&Xb
*,#%)Ç
&))#--Xb
&&)Ç
'-.#*+Xb
((#(Ç
-)#*-Xb
))hf[i
)#%.hfb
&)-Ç
(,*#.'Xb
(*#*Ç
.%#&,Xb
+*Ç
&+*#&Xb
&'%#.Ç
(%,#%-Xb
(*#(Ç
-.#++Xb
CdiZ/AZY^bZch^dc^hdcdhd\\ZiiZVkVg^Vo^dc^#EZgkZg^[^XVgaZ!XdciViiViZ^aXZcigd
Vhh^hiZcoVe^‘k^X^cdVkd^#D[[g^VbdjcV\VgVco^Va^b^iViVY^'Vcc^#8dciViiViZX^
eZgbV\\^dg^YZiiV\a^#
-
:a^X]ZY^bVcdkgVZaZiig^X]Z98
JH79;b_Y^[Z_cWdelhW[b[jjh_Y^[:9
AZ Za^X]Z Y^ bVcdkgV IG68 edhhdcd ZhhZgZ Va^bZciViZ YV bdidg^ ^c
XdggZciZXdci^cjVZ\gVo^ZVaaZZa^X]ZXdcigdgdiVci^dii^b^ooVcdaZeZgY^iZ
YdkjiZVbdi^gdiVo^dcVa^YZaaÉVXfjVcZaijccZa#
:a^X]ZXdcigdgdiVci^^cC>7G6A!Vhh^^c6FJ6B:I!Vai^iZbe^Y^ji^a^oodVY
VaiV ediZcoV! h^hiZb^ Y^ iZcjiV bZXXVc^XV YZaaÉVXfjV YZa bVgZ ZY jc
YZh^\c iZXc^Xd eVgi^XdaVgbZciZ VXXjgVid hdcd hdad VaXjcZ YZaaZ
XVgViiZg^hi^X]ZX]ZaZgZcYdcdaZb^\a^dg^YZaaVXViZ\dg^V#
AV bdYjaVo^dcZ YZaaV he^ciV Y^ fjZhiZ Za^X]Z edig| ZhhZgZ Y^ i^ed
DC"D;;degdedgo^dcVaZigVb^iZ_dnhi^X`dVaigV^ciZg[VXX^VYVYZ[^c^gZ
VYZh#^ciZg[VXX^VheZX^VaZeZg^Ygd\Zii^#
<g^\a^Z Y^ egdiZo^dcZ edhhdcd ZhhZgZ bdciViZ eZg Zk^iVgZ ^ eZg^Xda^
aZ\Vi^VaaZX^bZdXdge^hZb^hdbbZgh^#
.È(*l-$+^f
FH;IJ7P?ED?
EdiZcoV
He^ciV
,#*=E
*#+@L
'%%A7H
.&@<
Kdai
')K
6be
(**
9^b#XVkd
($%
E:HD
:a^X]Z
7GDCOD
A7H@<
(,&,
6AAJB>C>D
A7H@<
''&%
BdidgZ
-'(,
-'(,
'XVY#
<gjeed(&
76II:G>6
GZf#b^c#
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
'&È(*l'&^f
FH;IJ7P?ED?
EdiZcoV
He^ciV
&%=E
,#*@L
'-*A7H
&'.@<
Kdai
')K
6be
),%
9^b#XVkd
E:HD
)$%
:a^X]Z
7GDCOD
A7H@<
+('.
6AAJB>C>D
A7H@<
(+&+
BdidgZ
-,(.
-,(.
'XVY#
-"9
76II:G>6
GZf#b^c#
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
'(È(*l'(^f
FH;IJ7P?ED?
EdiZcoV
He^ciV
&'=E
.@L
()'A7H
&**@<
Kdai
')K
6be
*(*
9^b#XVkd
'*%B8B
:a^X]Z
7GDCOD
A7H@<
+-(&
6AAJB>C>D
A7H@<
(-&,
BdidgZ
&*.,'
&*.,'
'XVY#
-"9
E:HD
76II:G>6
GZf#b^c#
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
.
JH79;b_Y^[Z_cWdelhW_ZhWkb_Y^[
Velocità del vento (Kn)
IgVX&%Ç=nYgVja^X
:a^X]ZY^bVcdkgV^YgVja^X]Z
JcVkVhiV\VbbVY^Za^X]ZY^bVcdkgVXdcbdidg^ooVo^dcZ^YgVja^XV
ƒ [dgc^iV YV 67I"IG68 X]Z Xdc Y^VbZig^ XdbegZh^ YV -Ç V '-Ç
gVXX]^jYZediZcoZYV,!*V'%%Xk#
Ottimale
Media
Minima
Area esposta al vento [sq.ft]
Performance eliche
FH;IJ7P?ED?
EdiZcoV[^cdV
CEJEH;(+(+
'*=E
CEJEH;)+(+
&-#,@L
'*=E
&-#,@L
EdgiViV
&*#(<EB
*-AEB
'&#*<EB
-&#)AEB
EgZhh^dcZ
(%%%EH>
'%+76G
'&'*EH>
&),76G
FJDI66
.#.>C
'*#&*8B
&%#.>C
',#,8B
A7H
@<
A7H
@<
7gdcod
+(
'.
+(
'.
6aajb^c^d
(+
&+
(+
&+
E:HD
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
Velocità del vento (Kn)
IgVX&'Ç=nYgVja^X
Ottimale
Media
Minima
Area esposta al vento [sq.ft]
Performance eliche
FH;IJ7P?ED?
EdiZcoV[^cdV
CEJEH;)+),
CEJEH;*,).
(+=E
'+@L
(-=E
'-@L
EdgiViV
''<EB
--#(AEB
(%<EB
&&'AEB
EgZhh^dcZ
(%%%EH>
'%*76G
'(*%EH>
&+&76G
FJDI66
&&#%>C
'-#%8B
&&#(>C
'-#,8B
A7H
@<
A7H
@<
7gdcod
+-
(&
+-
(&
6aajb^c^d
(-
&,
(-
&,
E:HD
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
/
Velocità del vento (Kn)
:a^X]ZY^bVcdkgV^YgVja^X]Z
IgVX&+Ç=nYgVja^X
Ottimale
Media
Minima
Area esposta al vento [sq.ft]
Performance eliche
FH;IJ7P?ED?
EdiZcoV[^cdV
CEJEH;-+,+
+*=E
)-#*@L
EdgiViV
(.<EB
EgZhh^dcZ
(%%%EH>
FJDI66
CEJEH;'&&,+
+*=E
)-#*@L
&)-AEB
*(<EB
'%&AEB
'%,76G
''*%EH>
&**76G
&(#+>C
()#*8B
&)#&>C
(*#-8B
E:HD
A7H
@<
A7H
@<
7gdcod
&).
+-
&).
+-
6aajb^c^d
-+
(.
-+
(.
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
IgVX'%Ç=nYgVja^X
Velocità del vento (Kn)
FH;IJ7P?ED?
Ottimale
Media
Minima
Area esposta al vento [sq.ft]
Performance eliche
CEJEH;')&'&&
EdiZcoV[^cdV
&%%=E
,)#+@L
EdgiViV
,%<EB
'+,AEB
EgZhh^dcZ
'+%%EH>
&,.76G
FJDI66
&,#->C
)*#'8B
E:HD
A7H
@<
7gdcod
'--
&(&
6aajb^c^d
&*(
,%
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
IgVX')Ç=nYgVja^X
Velocità del vento (Kn)
Ottimale
Media
Minima
Area esposta al vento [sq.ft]
Performance eliche
FH;IJ7P?ED?
CEJEH;(+'*&
EdiZcoV[^cdV
&)%=E
&%)#)@L
EdgiViV
--<EB
(((AEB
EgZhh^dcZ
(%&%EH>
'%-76G
FJDI66
&.#->C
*%#(8B
E:HD
A7H
@<
7gdcod
)%%
&-'
')&
&&%
6aajb^c^d
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
IgVX'-Ç=nYgVja^X
FH;IJ7P?ED?
EdiZcoV[^cdV
CEJEH;')&'&&
'%%=E
&*%@L
>aeZhd^cXajYZe^ZYZ!Za^XVZXVbeVcV
'&
?dj[]hWj[Z>oZhWkb_YIoij[c
HX]ZbVY^h^hiZbV^YgVja^Xd^ciZ\gVid
AÉ>ciZ\gViZY=nYgVja^XHnhiZbƒji^a^ooVideZg^ahjeedgidYZaaZZa^X]ZY^bVcdkgV67I"IgVXZY^Vaig^Y^hedh^i^k^
XdaaZ\Vi^VaaÉ^be^Vcid^YgVja^XdY^WdgYdfjVa^kZgg^XZaa^hVaeV"VcXdgZ!\gjZedbeZY^hZci^cV#
AÉVeea^XVo^dcZYZaaÉ>ciZ\gViZY=nYgVja^XHnhiZbk^ZcZkVajiViV^cY^k^YjVabZciZVhZXdcYVYZaaZZh^\ZcoZYZaaV
WVgXVZ^ah^hiZbV^YgVja^Xdk^ZcZXdc[^\jgVideZghdYY^h[VgZijiiZaZcZXZhh^i|heZX^[^X]ZYZakdhigdnVX]i#
IY^[cWZ_i_ij[cW_ZhWkb_Ye
Serbatoio
Gruette
Verricello
Valvola
direzionale
Salpancore
Valvola
direzionale
Elica di poppa
Elica di prua
Pompa trascinata
dal gruppo
elettrogeno
Pompa trascinata
dai motori di
propulsione
Stabilizzatore
''
JH79J^hkij[hiWYehh[dj[Wbj[hdWjWjh_\Wi[
JcVkVhiV\VbbVY^Za^X]ZY^bVcdkgVXdcbdidg^ooVo^dcZZaZiig^XVVXdggZciZVaiZgcViVbdcd[VhZdig^[VhZ
ƒ[dgc^iVYV6gXijgjhBVg^cZX]ZXdcY^VbZig^XdbegZh^YV&%ÇV'-ÇgVXX]^jYZediZcoZYV&*V'%%8K#
:a^X]ZY^bVcdkgVZaZiig^X]Z68
hiVo^dcZY^XdbVcYd
kVg^VidgZ
Y^[gZfjZcoV
HXVidaVY^
XdbVcYd
Va^bZciVo^dcZ
')K98
Va^bZciVo^dcZ
XdggZciZ
VaiZgcViV
hZo^dcVidgZ
[dgc^id
YVaXa^ZciZ
XdciViidgZ
Y^ediZcoV
Za^XVY^bVcdkgV
bdidgZ
ZaZiig^Xd
68
;B?97
9L
()&%*,&L#,&>p
).&L#+&>p
&%Ç
&*
'*)I
'*+I
&%Ç
'%
'*+I
'-)I
&%Ç
'*
'-)I
'-+I
&'Ç
'%
'*+I
'-)I
&'Ç
'*
'-)I
'-+I
&'Ç
(%
'-+I
(')I
&'Ç
(*
(')I
('+I
&+Ç
(%
('+I
(+)I
&+Ç
)%
(+)I
('+I
&+Ç
*%
(+*I
(+)I
&+Ç
+%
(+)I
(+*I
&+Ç
+*
(+*I
""
'%Ç
,*
""
)%)I
'%Ç
-%
)%)I
""
'%Ç
&%%
)%)I
)%*I
')Ç
&%%
)))I
)%*I
')Ç
&'*
)%*I
)))I
'-Ç
&*%
))*I
""
'-Ç
'%%
))*I
""
hdaiVcid)+%8K
'(
:a^X]ZY^bVcdkgVZaZiig^X]Z68
:_c[di_ed_cejeh[[b[jjh_Ye
YV&'ÇV&(!+Ç
XdciViiVgZHV^b
J_fecejeh[
7
?d%cc
8
?d%cc
9
?d%cc
F[ie
bX
F[ie
A]
'-)I
'&#-)$***
&+#*,$)'%
&-#%%$)*,
'-%
&',
'-+I
'(#()$*.(
&+#*,$)'%
&-#%%$)*,
('-
&).
(')I
')#*($+'(
&-#*,$),'
'&#%,$*(*
)''
&.&
('+I
'+#%($++&
&-#*,$),'
'&#%,$*(*
)-'
'&.
(+)I
'+#)&$+,%
'&#-*$*)-
''#++$*,*
+**
'.,
(+*I
',#)&$+.+
'&#-*$*)-
''#++$*,*
+.%
(&(
)%)I
'.#()$,)*
'(#,*$+%(
'+#.+$+-)
-**
(--
)%*I
(%#-)$,-(
'(#,*$+%(
'+#.+$+-)
.)-
)(%
)))I
((#,*$-*,
'*#-'$+*+
'.#%)$,(,
&'&(
**%
))*I
((#,*$-*,
'*#-'$+*+
'.#%)$,(,
&*%%
+-%
')
Jkdd[b
6XXZhhdg^
67I"IG68 [dgc^hXZ ijccZa eZg Za^X]Z Y^ bVcdkgV cZ^ bViZg^Va^
eg^cX^eVa^ji^a^ooVi^cZaaZXdhigjo^dc^cVkVa^#
Ijii^ ^ ijccZa hdcd XZgi^[^XVi^ Xdc ^ b^\a^dg^ Zci^ Y^ XaVhh^[^XV Z
g^heZiiVcd^e^‘Vai^hiVcYVgYfjVa^iVi^k^g^X]^Zhi^YV^XVci^Zg^#
Hdcd Y^hedc^W^a^ ijccZa ^c kZigdgZh^cV! VXX^V^d Z Vaajb^c^d Xdc
Y^VbZig^YV-ÇV'-Ç#
F_bej^eki[fWd[b
IgVb^iZ fjZhid eVccZaad aÉdeZgVidgZ edig| \dkZgcVgZ
XdbeaZiVbZciZ aZ e^ccZ bdc^idgVcYd bZhhV\\^ Y^ VaaVgbZ d
^c[dgbVo^dc^ji^a^VaaÉdii^bVaZji^a^oodYZaaVhiVW^a^ooVo^dcZVii^kV
^ccVk^\Vo^dcZdVaaV[dcYV#
@eoij_Ya
?dnhi^X`eZgZa^XVY^bVcdkgVY^hedc^W^aZXdch^hiZbVegdedgo^dcVaZ
deejgZdc$d[[#
'*
DaigZ -% Vcc^ Y^ ZheZg^ZcoV Z Y^ XdaaVWdgVo^dcZ Xdc ^ e^‘ ^bedgiVci^ XVci^Zg^ cVji^X^/
fjZhidƒ^ahZ\gZidYZaaVb^\a^dgZa^cZVY^h^hiZb^Y^hXVg^XdYZ^\Vh#
8ZciZ`>cYjhig^ZhƒaVe^‘^bedgiVciZVo^ZcYVVabdcYdeZgaVegdYjo^dcZY^h^hiZb^Y^
hXVg^XdY^\Vhjb^Y^eZgVeea^XVo^dc^bVg^cZ#GZVa^ooVi^XdcgZh^cZ^\c^[j\]ZZ[^WgVY^
kZigd!^egdYdii^8ZciZ`]Vccdajc\]^hh^bVYjgViVZhdcdgZh^hiZci^VaaVXdggdh^dcZ#>
egdYdii^ 8ZciZ` hdcd ^chiVaaVi^ XdbZ Zfj^eV\\^VbZcid hiVcYVgY hjaaZ b^\a^dg^
^bWVgXVo^dc^YVY^edgidZYVaVkdgd#
'+
H^aZco^Vidg^Y^hXVg^XdKZgcVn
L[hdWjed[ŸJedZe
7
;DJH7J7%KI9?J7
8
:?7C;JHE
9
BKD=>;PP7
:
;DJH7J7%KI9?J7BKD=>$
G^[Zg^bZcid
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
&%%%&%(
'#*%
+)
*#*-
&)'
'&#+'
*).
(#%%
,+
&%%%&)*
(#%%
,+
,#%,
&-%
'%#&'
*&&
(#*%
-.
&%%%&%)
(#%%
,+
,#%,
&-%
'*#-)
+*+
(#*%
-.
&%%%&%*
(#*%
-.
-#%.
'%*
(%#%%
,+'
(#*%
-.
&%%%&+*
)#%%
&%'
.#%+
'(%
'*#*%
+)-
(#*%
-.
&%%%&%+
)#%%
&%'
.#%+
'(%
((#+.
-*+
(#*%
-.
&%%%&%,
)#*%
&&)
&%#&%
'*,
(*#+'
.%*
)#%%
&%'
&%%%&%-
*#%%
&',
&&#%%
',.
(-#,*
.-)
)#)%
&&'
&%%%&&'
+#%%
&*'
&'#'%
(&%
(&#)(
,.-
*#%%
&',
&%%%&&&
+#%%
&*'
&'#'%
(&%
)&#*%
&%*)
*#%%
&',
&%%%&&,
+#%%
&*'
&+#'&
)&'
(.#+'
&%%+
+#%%
&*'
&%%%&&(
+#%%
&*'
&+#'&
)&'
*'#,*
&()%
+#%%
&*'
&%%%&'%
-#%%
'%(
&+#'&
)&'
(.#+'
&%%+
+#%%
&*'
&%%%&&.
-#%%
'%(
&+#'&
)&'
*'#,*
&()%
+#%%
&*'
&%%%'(*
&%#%%
'*)
&+#'&
)&'
*'#%%
&('&
,#*%
&.&
>YVi^g^edgiVi^edhhdcdhjW^gZkVg^Vo^dc^
L[hdWjed[ŸElWb[f[hcedjW]]_el[hj_YWb[
7
;DJH7J7%KI9?J7
8
:?7C;JHE
9
BKD=>;PP7
:
;DJH7J7%KI9?J7
BKD=>$
:
A6G<=:OO6
G^[Zg^bZcid
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
&%%%&',
)#*%
&&)
&)#,*
(,*
(*#+'
.%*
*#'*
&((
,#%%
&,-
&%%%'+.
*#%%
&',
&)#,*
(,*
(*#+'
.%*
*#'*
&((
,#%%
&,-
&%%%&&*
+#%%
&*'
&*#&'
(-)
)'#*%
&%-%
*#%%
&',
.#%%
''.
&%%%&&-
+#%%
&*'
&*#&'
(-)
('#%%
-&(
*#%%
&',
.#%%
''.
&%%%&'&
-#%%
'%(
&.#%%
)-(
*)#%%
&(,'
*#,%
&)*
&'#%%
(%*
&%%%&''
-#%%
'%(
&.#%%
)-(
(.#%%
..&
*#,%
&)*
&'#%%
(%*
&%%%&'(
&%#%%
'*)
')#*%
+''
+*#*%
&++)
,#*%
&.&
&)#*%
(+-
>YVi^g^edgiVi^edhhdcdhjW^gZkVg^Vo^dc^
',
7'
;DJH7J7
G^[Zg^bZcid
>C8=
BB
7(
KI9?J7
>C8=
9
BKD=>;PP7
BB
>C8=
BB
:
?%EBKD=>;PP7
>C8=
BB
;
B7H=>;PP7
>C8=
8
7BJ;PP7
BB
>C8=
=
KI9?J7%E<<I;J
BB
>C8=
BB
&)%%%)'
*#%%
&',
*#%%
&',
(&#*%
-%%
*#*%
&)%
.#%%
''.
&*#%%
(-&
)#*+
&&+
&)%%%(,
*#%%
&',
+#%%
&*'
(-#%%
.+*
+#%%
&*'
.#%%
''.
&*#%%
(-&
)#%+
&%(
&)%%%)(
+#%%
&*'
+#%%
&*'
('#(-
-''
+#%%
&*'
.#%%
''.
&*#%%
(-&
)#%+
&%(
&)%%%&)
+#%%
&*'
-#%%
'%(
*%#*%
&'-(
-#%%
'%(
&'#%%
(%*
&.#%%
)-(
)#-&
&''
&)%%%))
-#%%
'%(
-#%%
'%(
*%#*%
&'-(
-#%%
'%(
&'#%%
(%*
&.#%%
)-(
)#-&
&''
&)%%%)*
&%#%%
'*)
&%#%%
'*)
+(#%%
&+%%
&%#%%
'*)
&)#*%
(+-
')#*%
+''
+#-*
&,)
&)%%%)+
&'#%%
(%*
&'#%%
(%*
,*#*%
&.&-
&'#%%
(%*
&-#%%
)*,
(%#%%
,+'
-#*%
'&+
&)%%%),
&'#%%
(%*
&)#%%
(*+
,,#&(
&.*.
&'#%%
(%*
&-#%%
)*,
(%#%%
,+'
,#'*
&-)
&)%%%'-
&)#%%
(*+
&)#%%
(*+
,,#%%
&.*+
&'#%%
(%*
&-#%%
)*,
(%#%%
,+'
,#*%
&.&
H^aZco^Vidg^Y^hXVg^XdKZgcVn
L[hdWjed[ŸCA??#ELWb[f[hcedjW]]_el[hj_YWb[
>YVi^g^edgiVi^edhhdcdhjW^gZkVg^Vo^dc^
L[hdWb_\jŸ;djhWjWbWj[hWb[%KiY_jW_dWbje
7'
;DJH7J7
7(
KI9?J7
8
7BJ;PP7
9
:?7C;JHE
:
;DJH7J7
KI9?J7
<
;DJH7J7
KI9?J7
;
?%E<
>
87I;:?7C$
G^[Zg^bZcid
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
&*%%%,&
&#*%
(-
&#*%
(-
,#.'
'%&
-#(+
'&'
'#%%
*&
'#%%
*&
)#+-
&&.
.#%%
''.
&*%%%'%
&#+(
)&
&#+(
)&
,#.'
'%&
-#(+
'&'
'#%%
*&
&#,*
))
)#+-
&&.
.#%%
''.
&*%%&'(
&#+(
)&
&#+(
)&
&%#&+
'*-
&%#%)
'**
'#%%
*&
'#*%
+)
+#*%
&+*
&%#*%
'+,
&*%%&'&
'#%%
*&
&#--
)-
,#.'
'%&
-#(+
'&'
'#%%
*&
'#%%
*&
)#+-
&&.
.#%%
''.
&*%%%,)
&#--
)-
&#--
)-
&%#&+
'*-
&%#%)
'**
'#%%
*&
'#*%
+)
+#*%
&+*
&%#*%
'+,
&*%%%'+
'#%%
*&
'#%%
*&
,#.'
'%&
-#(+
'&'
'#%%
*&
'#%%
*&
)#+-
&&.
.#%%
''.
&*%%%',
'#%%
*&
'#%%
*&
&%#&+
'*-
&%#%)
'**
'#*%
+)
'#'*
*,
+#*%
&+*
&%#*%
'+,
&*%%%-(
'#*%
+)
'#(-
+%
&'#%%
(%*
&'#()
(&(
'#*%
+)
'#*%
+)
-#'*
'&%
&'#%%
(%*
&*%%%('
'#*%
+)
'#*%
+)
&%#&+
'*-
&%#%)
'**
'#*%
+)
'#*%
+)
+#*%
&+*
&%#*%
'+,
&*%%&'-
'#*%
+)
(#%%
,+
&'#%%
(%*
&'#()
(&(
(#%%
,+
'#,*
,%
,#'*
&-)
&'#%%
(%*
&*%%%-*
(#%%
,+
(#%%
,+
&'#%%
(%*
&'#()
(&(
(#%%
,+
'#,*
,%
-#%%
'%(
&'#%%
(%*
&*%%&*'
(#%%
,+
(#*%
-.
&%#&+
'*-
&%#%)
'**
(#*%
-.
'#*%
+)
+#*%
&+*
&%#*%
'+,
&*%%%-,
(#*%
-.
(#*%
-.
&'#%%
(%*
&'#()
(&(
(#*%
-.
'#,*
,%
,#,*
&.,
&'#%%
(%*
&*%%%--
)#%%
&%'
)#%%
&%'
&'#%%
(%*
&'#()
(&(
)#%%
&%'
'#,*
,%
,#*%
&.&
&'#%%
(%*
&*%%%.&
*#%%
&',
*#%%
&',
&'#%%
(%*
&'#()
(&(
*#%%
&',
'#,*
,%
+#%%
&*'
&'#%%
(%*
&*%%%.%
*#%%
&',
*#%%
&',
&+#%%
)%+
&+#&,
)&&
*#%%
&',
)#%%
&%'
-#,*
'''
&,#%%
)('
&*%%%.'
+#%%
&*'
+#%%
&*'
&+#%%
)%+
&+#&,
)&&
*#%%
&',
)#%%
&%'
-#,*
'''
&,#%%
)('
&*%%%.)
-#%%
'%(
-#%%
'%(
&-#%%
)*,
&-#*%
),%
+#%%
&*'
(#%%
,+
&%#*%
'+,
&.#%%
)-(
>YVi^g^edgiVi^edhhdcdhjW^gZkVg^Vo^dc^
'-
H^aZco^Vidg^Y^hXVg^XdKZgcVn
9ecXeI[fI_b[dp_Wjeh[YecX_dWjeL[hdWb_\j=[di[f
7'
;DJH7J7
G^[Zg^bZcid
>C8=
7(
KI9?J7=7I
BB
>C8=
BB
6(
JH8>I668FJ6
>C8=
BB
7
9>6B:IGD
>C8=
:
87I;
8
6AI:OO6
BB
>C8=
BB
>C8=
BB
&%)%'%%
'#%%
*&
&#*%
(-
&#'*
('
&%#%%
'*)
'%#%%
*%-
&%#&(
'*,
&%)%'*%
'#*%
+)
'#%%
*&
&#*%
(-
&%#%%
'*)
'%#%%
*%-
&%#&(
'*,
&%)%(%%
(#%%
,+
'#*%
+)
&#*%
(-
&%#%%
'*)
'%#%%
*%-
&%#&(
'*,
&%)%)%%
)#%%
&%'
(#%%
,+
'#*%
+)
&'#()
(&(
'+#%%
++%
&'#%%
(%*
&%)%*%%
*#%%
&',
)#%%
&%'
'#*%
+)
&)#(+
(+*
(%#%%
,+'
&*#%%
(-&
&%)%+%%
+#%%
&*'
*#%%
&',
(#%%
,+
&+#'*
)&(
(*#%%
--.
&,#%%
)('
&%)%-%%
-#%%
'%(
+#%%
&*'
)#%%
&%'
&-#*%
),%
)*#%%
&&)(
&.#%%
)-(
&%)&%%%
&%#%%
'*)
-#%%
'%(
*#%%
&',
''#%%
**.
**#%%
&(.,
'(#%%
*-)
&%)&'%%
&'#%%
(%*
&%#%%
'*)
+#%%
&*'
'-#*%
,')
+)#%%
&+'+
(%#%%
,+'
>YVi^g^edgiVi^edhhdcdhjW^gZkVg^Vo^dc^
=[d#i[fŸCWhc_jjWi[fWhWjh_Y[WYgkW%\kc_
7
;DJH$%KI9$=7I
8
KI9?J779GK7
9
B7H=>;PP7
:
BKD=>;PP7
;
7BJ;PP7
G^[Zg^bZcid
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
>C8=
BB
&%'%&*%
&#*%
(-
&#'*
('
&%#*%
'+,
&*#'*
(-,
(#*%
-.
&%'%&+'
&#+'
)&
&#'*
('
&%#*%
'+,
&*#'*
(-,
(#*%
-.
&%'%'%%
'#%%
*&
&#*%
(-
&%#*%
'+,
&*#'*
(-,
(#*%
-.
&%'%'*%
'#*%
+)
&#*%
(-
&'#*%
(&-
'%#%%
*%-
)#*%
&&)
&%'%(%%
(#%%
,+
&#*%
(-
&'#*%
(&-
'%#%%
*%-
)#*%
&&)
&%'%(*%
(#*%
-.
'#%%
*&
'%#*%
*'&
')#%%
+&%
,#%%
&,-
&%'%)%%
)#%%
&%'
'#*%
+)
'%#*%
*'&
')#%%
+&%
,#%%
&,-
&%'%)*%
)#*%
&&)
'#*%
+)
'+#%%
++%
'-#%%
,&&
,#'*
&-)
&%'%*%%
*#%%
&',
(#%%
,+
'+#%%
++%
'-#%%
,&&
,#'*
&-)
>YVi^g^edgiVi^edhhdcdhjW^gZkVg^Vo^dc^
'.
EZg bdai^ Vcc^ ^ egdeg^ZiVg^ Y^ ^bWVgXVo^dc^ ]Vccd Ydkjid adiiVgZ Xdcigd aV eZaa^XdaV YÉda^d X]Z h^ [dgbV hjaaV
hjeZg[^X^ZYZabVgZVXVjhVYZaaÉZa^b^cVo^dcZYZ^gZh^Yj^\gVhh^YZ^\gjee^ZaZiigd\Zc^!VegZhX^cYZgZYVaaVadgd
bVgXVdYVaadgdbdYZaad#HZWWZcZheZhhdcdceVaZhZbZciZk^h^W^aZ!fjZhiVe^XXdaVeZgXZcijVaZY^da^dg^aVhX^ViV
^cbVgZ]VXVjhVidYVcc^VaaÉVbW^ZciZZ]VdhiVXdaVidVaXjc^YZ^e^‘hZbea^X^e^VXZg^YZaaVcVk^\Vo^dcZ^cbVgZ!
fjVa^!VYZhZbe^d!cjdiVgZ^cidgcdVaaÉ^bWVgXVo^dcZhiZhhV#AZXVe^iVcZg^ZZh^\dcdbdaidheZhhd!XdcjcVXZgiV
^ch^hiZcoV!X]Z^\gjee^h^VcdheZci^^cWVcX]^cV#>a<Zc@aZZc8dbeVXig^hdakZfjZhidegdWaZbVji^a^ooVcYdjc
h^hiZbVY^[^aigV\\^dWgZkZiiVidX]ZZa^b^cV\a^^YgdXVgWjg^Y^g^hjaiVYZ^\ZcZgVidg^Zg^aVhX^VVXfjVegVi^XVbZciZ
ejgV cZaaÉVbW^ZciZ# >a [jco^dcVbZcid Y^ <Zc@aZZc 8dbeVXi ƒ hZbea^XZ ZY ZXdcdb^Xd# >a [ajhhd YÉZkVXjVo^dcZ
eVhhVViigVkZghdjch^aZco^VidgZZVgg^kVVaaÉjc^i|<Zc@aZZc!YdkZ^\VhY^hXVg^XdkZc\dcdhZeVgVi^YVaaÉVXfjV
^bejgV#9dedaVhZeVgVo^dcZ!^\VhY^hXVg^XdeVhhVcdeZgjcXdcYdiidY^g^idgcdcdgbVaZZaÉVXfjVk^ZcZ^chZg^iV
^c jc h^hiZbV Y^ [^aigVo^dcZ# JcV kdaiV Za^b^cVi^ \a^ ^YgdXVgWjg^! aÉVXfjV ejŒ ZhhZgZ igVcfj^aaVbZciZ ZhejahV
YVaaÉ^bWVgXVo^dcZ#
<Zc`aZZc
=[dAb[[d9ecfWYj
8dcigdaadYZaaVkZadX^i|YZaaVedbeV!
edbeV!hZgWVid^dZ<Zc"HZe
JhX^iV\VhY^hXVg^Xd
H^aZco^VidgZ
HXVg^XdYZaaÉVXfjVV
Wn"eVhh
8_b][Ab[[d
>ah^h iZbVWgZkZi iVid7^a\Z@aZZc
g ^bjdkZVjidbVi^XVbZciZda^d!\Vh!
XVgWjgVciZZYVaig^gZh^Yj^^cfj^cVci^
YVaaÉVXfjVY^hZci^cVeg^bVX]ZkZc\V
hXVg^XViV[jdg^WdgYd#
Ji^a^ooVcYd jc [^aigd ^c bViZg^VaZ
heZX^VaZ ^a 7^a\Z@aZZc XViijgV Z aZ\V
\a^ ^YgdXVgWjg^ aVhX^VcYd eVhhVgZ
aÉVXfjV eZg[ZiiVbZciZ eja^iV# >a
g^hjaiVid ƒ X]Z ^a ..!. YZ\a^ V\Zci^
^cfj^cVci^hdcdZa^b^cVi^YVaaZVXfjZ
gZ[ajZ hZcoV VaXjc VjbZcid Y^
egZhh^dcZcZaaVedbeVY^hZci^cV#
7^a\Z@aZZc
HXVg^XdYZaaÉVXfjV
[^aigViV
'/
H^aZco^Vidg^Y^hXVg^XdKZgcVn
Feii_X_b__dijWbbWp_ed_
KZgcVidcZ
A^[iBj[[aZg
KZgcVa^[ihjeZgh^aZco^Vid
KZgcVa^[i <Zc"HZehZeVgVidgZVXfjV$\Vh
KZgcVa^[ihdegVa^cZVY^\VaaZ\\^VbZcid
8dbWd"HZeHZeVgVidgZVXfjV
JhX^iV\VhY^hXVg^Xd
8dcigdaadYZaaVkZadX^i|YZaaV
edbeV!edbeV!hZgWVid^d
Z<Zc"HZe
H^aZco^VidgZ
HXVg^Xd
YZaaÉVXfjV[^aigViV HXVg^XdYZaaÉVXfjV
VWn"eVhh
KZgcVa^[ihdiida^cZVY^\VaaZ\\^VbZcid
(&
<Zc"@aZZc8dbeVXi
8]VgaZh>cYjhig^ZhƒjcV\gVcYZVo^ZcYVY^kZgh^[^XViVeZgaVegdYjo^dcZY^XdbedcZci^
VYVaiViZXcdad\^VX]ZXdciVd\\^X^gXV+*%Y^eZcYZci^ZX^cfjZhiVW^a^bZci^egdYjii^k^#
8]VgaZh BVg^cZ <gdje [j [dcYViV eZg [dgc^gZ V^ Xdhigjiidg^ Y^ ^bWVgXVo^dc^ jcV a^cZV
XdbeaZiVY^egdYdii^Y^fjVa^i|YVjcjc^Xd[dgc^idgZ#
9V e^XXdaZ WVgX]Z YV eZhXV [^cd V\a^ nVX]i Y^ ajhhd! 8]VgaZh egdedcZ aZ b^\a^dg^
hdajo^dc^eZgaZegZhZY^WVcX]^cVYV&+V'*%6eZgaZZh^\ZcoZY^d\c^^bWVgXVo^dcZ#
('
EgZhZY^WVcX]^cVhiV\cZ
9#9WXb[ŸCWh_d[Fem[hFheZkYji
8"8VWaZEgZhVYVWVcX]^cVÄ(%6be&'*Kdai
&(%BE
(%Vbe"&'*KegZhV^ceda^XVgWdcVidXdcXdeZgX]^d[^aZiiVid
&(%BE"68
(%Vbe"&'*KegZhV^ceda^XVgWdcVidXdcXdeZgX]^d[^aZiiVidXgdbVid
9#9WXb[Fh[iWZWXWdY^_dWÅ+&7cf'(+Lebj
&*%B78
*%6"&'*KegZhV^cbZiVaadXgdbVidhdadbdcd[VhZ
9^hedc^W^aZXdc(d)eda^
9#9WXb[Fh[iWZWXWdY^_dWÅ'&&7cf'(+%'+&Lebj
>&%%=BE
&%%6"&'*$'*%KegZhV^ceda^XVgWdcVidY^hedc^W^aZVcX]Zig^[VhZ
J[b[\edeJLl_WYWle
>E=IKBE
egZhVeZgiZaZ[dcd$IK^ceda^XVgWdcVidW^VcXdXdcXdeZgX]^d[^aZiiVid
9#9WXb[9Wl_Z_ifed_X_b_
8Vkd(%6"EDA>(M+bb'\^Vaad
8Vkd*%6"EDA>(M&'bb'\^Vaad
8Vkd*%6"EDA>)M&'bb'\^Vaad$W^VcXd
8Vkd&%%6"EDA>)M(*bb'(eda^ iZggV\^Vaad
8Vkd&%%6"EDA>*M(*bb')eda^ iZggV\^Vaad$W^VcXd
8VkdIK$IZaZ[dcd
((
EgZhZY^WVcX]^cVhiV\cZ
9#9WXb[7YY[iieh_
(%8
(%6XdeZgijgV\^VaaV
(%8L
(%6XdeZgijgVW^VcXV
(%8G
(%6XdeZgijgVXdcVcZaad
(%;&
(%6"&'*Khe^cV[Zbb^cV
(%B&
(%6"&'*Khe^cVXdcXdccZiidgZbVhX]^d
*%8
*%6XdeZgijgV\^VaaV
*%8L
*%6XdeZgijgVW^VcXV
*%8GL
*%6XdeZgijgVW^VcXV!VcZaadWaj
*%;&
*%6"&'*Khe^cV[Zbb^cV
*%B&
*%6"&'*Khe^cVXdcXdccZiidgZbVhX]^d
*%=;&
*%6"&'*$'*%Khe^cV[Zbb^cV
*%=B&
*%6"&'*$'*%Khe^cVXdcXdccZiidgZbVhX]^d
G*%=
*%6"&'*$'*%KC:B6A+"*%GgZXZeiVXaZ
>&%%=;&
&%%6"&'*$'*%K!he^cV[Zbb^cV
>&%%=B&
&%%6"&'*$'*%K!he^cVXdcXdccZiidgZbVhX]^d
E=8
He^cViZaZ[dcd\^Vaad
E=;&
He^cV[Zbb^cVeZgiZaZ[dcd
E=B&
He^cVbVhX]^deZgiZaZ[dcd
Disponibili a richiesta linee di banchina da 32 A a 63 A e spine da 125 A fino a 250 A
HXVg^XV^acjdkdXViVad\d8]VgaZh
()
IgVh[dgbVidg^YÉ^hdaVbZcid8"EdlZgœ
IgVh[dgbVidg^YÉ^hdaVbZcid
>igVh[dgbVidg^YÉ^hdaVbZcid8]VgaZheZgbZiidcdY^^hdaVgZidiVabZciZaVa^cZV68Y^WdgYdYVfjZaaV68YZaaV
egZhV Y^ WVcX]^cV# > cZ\Vi^k^ Y^ bVhhV YZaaV WVgXV Z YZaaV WVcX]^cV cdc hdcd XdaaZ\Vi^ igV adgd# >a cZ\Vi^kd Y^
bVhhVYZaaVWVcX]^cVƒXdaaZ\VidZhXajh^kVbZciZVYjcVheZhhVWVgg^ZgV^cgVbZedhidigVaÉVkkda\^bZcideg^"
bVg^dbVg^cVZfjZaadhZXdcYVg^dWVgXV#HdcdhiViZZhZ\j^iZegdkZ^cXj^aÉjc^i|]VidiVabZciZ^hdaVid^aaVid
WVgXV!hdeedgiVcYde^XX]^Y^hXVg^XV[^cdV*%%%6beƒgZ#FjZhidh^\c^[^XVX]ZaVkdhigV^bWVgXVo^dcZƒidiVa"
bZciZ^hdaViVYVaaVWVcX]^cVcZaaÉZkZcijVa^i|jc[jab^cZXdae^hhZaVbVg^cV#
@^adkdai6be`K6
8dggZciZY^^ceji6
IZch^dcZY^^cejiK68
/)#?N<CH)%.?#7
/)#?N<CH-%+J#7
/)#?N<CH'(?#7
/)#?N<CH'+?#7
/)#?N<CH(*?#7
(#-
,#*
&'
&*
')
('$&+
('$&+
*%
+)
&%%
&'%$')%
')%
&'%$')%
')%
'%%$'%-$''%$'(%$')%
*%$+%
;gZfjZcoV=o
8dggZciZYÉjhX^iV6
IZch^dcZYÉjhX^iVK68
9^bZch^dc^Xb
EZhd`\
EgdiZo^dcZ
G^[#\j^YVXVkd
G^[#\j^YVXVkd.%•
(*
('
('
*%
+)
&%%
&&%$''%
&&%$''%
&'%$')%"&%)$'%-
&'%$')%
&'%$')%"&%)$'%-
'+!,m'+!,m'%!(
'.!-m'*!)m',!.
)%!+m(-!&m(%!*
)%!+m(-!&m(%!*
),m*'!&m)(!'
('
,&
&%+!*
&%+!*
').!*
Ijii^^XdbedcZci^Z^aigVh[dgbVidgZhdcdXdbeaZiVbZciZ^hdaVi^!ijiiZaZjc^i|egZhZciVcd
XVWaV\\^hZeVgVi^eZgaZjhX^iZZaZZcigViZ#
.,"%%&&',"6
.,"%%&&'%"6
.,"%%&&'%"6
.,"%%&&'%"6
.,"%%&&'&"6
c#Y^he#
.,"%%&,**
.,"%%&,**"6
.,"%%&,**"6
.,"%%&,)&"%
9ZaiV ÆIÇ HnhiZb d[[gZ jc hZgk^o^d jc^Xd cZa hjd \ZcZgZ! dhh^V aV egd\ZiiVo^dcZ YZa
h^hiZbV Y^ \Zhi^dcZ YZaaÉVg^V ^bbZhhV cZaaV hVaV bVXX]^cZ Z YZa hjXXZhh^kd
gV[[gZYYVbZcid^ciZbe^gVe^Y^YdedadheZ\c^bZcidYZ^bdidg^#
JchZgk^o^dXdbeaZidX]ZV[[^VcXV^XVci^Zg^cVji^X^cZaadhijY^dZcZaaÉ^ciZ\gVo^dcZYZa
egd\ZiidYZaaÉ^bWVgXVo^dcZ#
(+
EZgX]‚hXZ\a^ZgZ9ZaiVÆIÇHnhiZbh4
F[hY^ƒiY[]b_[h[:[bjWÇJÈIoij[ci5
CViV cZa &..* eZg ediZg hje"
edgiVgZ ^ egdeg^ 8a^Zci^ Xdc jcÉd["
[ZgiV^ciZ\gViVY^egdYdii^ZXdc"
hjaZcoV egd[Zhh^dcVaZ! aÉVo^ZcYV
VbZg^XVcV 9ZaiV ÆIÇ HnhiZbh >cX#
ƒd\\^aZVYZgcZaaVegd\ZiiVo^dcZZ
gZVa^ooVo^dcZ Y^ h^hiZb^ Y^ kZc"
i^aVo^dcZYZaaZhVaZbdidg^#
9ZaiV ÆIÇ HnhiZbh egd\ZiiV Z
gZVa^ooV V fjVah^Vh^ a^kZaad ^be^Vci^
Y^ \Zhi^dcZ YZaaV kZci^aVo^dcZ Z
gV[[gZYYVbZcidYZaaVhVaVbVXX]^cZ
ejg^[^XVcYd aÉVg^V ^bbZhhV YV
XdcYZchV hVa^cV Z VaigZ ^bejg^i|#
FjZhi^ h^hiZb^ eZgbZiidcd jcV
b^\a^dgZ eZg[dgbVcXZ YZ^ bdidg^!
jcVbV\\^dgZeja^o^VZYjcVg^YdiiV
bVcjiZco^dcZ YZaaV hVaV bVX"
X]^cZ# AZ kVg^Z Veea^XVo^dc^ hdcd
egd\ZiiViZ Va a^kZaad hXZaid YVa
8a^ZciZ!YVahZbea^XZh^hiZbV\Zhi^id^ciZgVbZciZ^cbdYdbVcjVaZVah^hiZbVe^‘XdbeaZhhdXdbeaZiVbZciZ
VjidbVi^ooVidX]Zh^WVhVhjhZchdg^Y^iZbeZgVijgVZegZhh^dcZhZbegZVii^k^X]ZVcVa^ooVcdXdhiVciZbZciZ
aÉVbW^ZciZeZgVhh^XjgVgZjcÉVYZ\jViVfjVci^i|YÉVg^VeZgaVXdbWjhi^dcZZeZg^agV[[gZYYVbZcid!WVhVcYdh^
hj^kVg^YVi^^bbZhh^^c[VhZY^Xdc[^\jgVo^dcZYZah^hiZbV#>aijiid^cbdYdVjidbVi^Xd!eja^id!h^aZco^dhdZY
VaiVbZciZZ[[^XVXZ#
FjZhi^YVi^hdcd/kdajbZgZVaZY^hedc^W^aZZ[dgbVYZaadXVaZbdidg^!fjVci^i|YÉVg^Vb^c^bVcZXZhhVg^VeZgijii^
^bdidg^ZcYdiZgb^X^egZhZci^ZiZbeZgVijgZ^YZVa^eZg^abVhh^bdgZcY^bZcid#
FjZhi^hijY^h[gjiiVcd[dgbjaZegdeg^ZiVg^ZZbZidY^dgbV^Xdchda^YVi^WVhVcYdh^hjjcYViV"WVhZY^gZfj^h^i^Y^
Vg^V Z iZbeZgVijgV igV ^ e^‘ XdbeaZi^ Zh^hiZci^! cVid YVaaV XdaaVWdgVo^dcZ Xdc ^ kVg^ Xdhigjiidg^ Y^ bdidg^ Z
\ZcZgVidg^^cijiid^abdcYdZYVaaÉZheZg^ZcoVVXfj^h^iVXdcaZ^chiVaaVo^dc^\^|gZVa^ooViZ#
9ZaiVÆIÇHnhiZbhkVciVjcÉZheZg^ZcoVY^daigZ+#%%%Veea^XVo^dc^!h^VeZg^aY^edgidh^VeZgWVgX]ZXdbbZgX^Va^
Zb^a^iVg^#IgV^hjd^Xa^Zci^hdcdegZhZci^VaXjc^igV^XVci^Zg^e^‘egZhi^\^dh^YZabZgXVid^ciZgcVo^dcVaZ#
I[fWhWjeh_Z_YedZ[diW
> hZeVgVidg^ Y^ XdcYZchV V \g^\a^V hdcd aV WVhZ YZ^
h^hiZb^ Y^ kZci^aVo^dcZ Z eZgbZiidcd jcÉVYZ\jViV Z
XdcigdaaViV edgiViV Y^ Vg^V ^bbZhhV cZaaV hVaV
bVXX]^cZ! aV fjVaZ k^ZcZ ejg^[^XViV YV jc h^hiZbV
WgZkZiiVid Y^ ZhigVo^dcZ YZaaV hdheZch^dcZ hVa^cV Z
VXfjdhVegZhZciZcZaaÉVg^VY^bVgZ#
CZaaÉ^bbV\^cZ V aVid h^ ejŒ kZYZgZ XdbZ ^a [ajhhd
[dgoVid YZaaÉVg^V ^cXdcigV egd[^a^ VaVg^ heZX^[^XViV"
bZciZ egd\ZiiVi^ eZg [Vg XdcYZchVgZ Z ^cXVcVaVgZ
bdaZXdaZ Y^ VXfjV Z hVaZ [^cd V &% b^Xgdc kZghd
VYZ\jVi^h^hiZb^Y^hXVg^Xd#
(,
>bViZg^Va^ji^a^ooVi^ÄX]ZedhhdcdZhhZgZ[VX^abZciZhV\dbVi^ZkZgc^X^Vi^Ähdcdeda^egde^aZcZW^VcXddcZgd!
EK8!Vaajb^c^dZ;GE#
L[dj_bWjeh_Wii_Wb_[Y[djh_\k]Wb_Wb_c[djWj_ZWYehh[dj[Yedj_dkW[ZWbj[hdWjW
KZci^aVidg^Vhh^Va^ZXZcig^[j\Va^
Ebjh[ WZ kdW ]WccW Z_ \ehc[ [ Z_c[di_ed_ ijWdZWhZ" bW :[bjW ÇJ ÇIoij[ci „ _d ]hWZe Z_ h[Wb_ppWh[ fheZejj_
_dXWi[WZ_i[]d_f[hiedWb_ppWj_\ehd_j_ZW_YWdj_[h_$
6be^V\VbbVY^bdYZaa^^c98Z68Y^bZch^dcVi^eZgd\c^h^hiZbV^cWVhZVaaZXVgViiZg^hi^X]ZYZaegd\Ziid#
I[hhWdZ[Wdj_dY[dZ_e
7if_hWjeh_Y[djh_\k]Wb_
> h^hiZb^ YZaaV 9ZaiV ÆIÇ HnhiZbh edhhdcd ZhhZgZ
^ciZ\gVi^ VcX]Z Xdc hZggVcYZ Vci^cXZcY^d Y^ kVg^Z
[dgbZZY^bZch^dc^VYVo^dcVbZcidVjidbVi^Xd#
8dbeVii^ Z ^\c^[j\]^ eZg Zk^iVgZ Zheadh^dc^! ^ hda^Y^
Vhe^gVidg^98YV&%Xbhdcdegd\ZiiVi^heZX^[^XVbZciZ
eZgWVgX]ZY^e^XXdaZY^bZch^dc^ZVeea^XVo^dc^D:#
BVgXVi^ 8:! Xdc jc [jco^dcVbZcid h^aZco^dhd Z
hZcoVk^WgVo^dc^!\a^Vhe^gVidg^gZVa^ooVi^^cVaajb^c^d
hdcd Va^bZciVi^ YV jc bdidgZ h^\^aaVid ^c egZhV
Y^gZiiVZY^hedc^W^a^^ckZgh^dcZYV&'Z')K#
(-
BdYjadg^X]^ZhiV
CeZkbef[hh_Y^_[ijWZ_fh[l[dj_leZW_dl_Wh[Yecf_bWjeWbd$Z_\Wn&($*+-&)&-&
(.
> \ZcZgVidg^ 9ncVb^XV hdcd egdYdii^ Y^gZiiVbZciZ YV HV^b cZaad hiVW^a^bZcid
Y^7jXX^cVhXd#
AV\VbbVXdbegZcYZ^ae^XXdadbVediZciZB^c^)%!X]ZZgd\V(!*`LV'(%Kdai!Z^a
B^c^+%Xdc*`LY^ediZcoVbVhh^bVV*%=oZ^aB^c^-%Xdc,`LV*%=o#EZgijii^^
cdhig^\ZcZgVidg^!Xdch^\a^VbdY^[VgZhZ\j^gZaÉ^chiVaaVo^dcZYVjciZXc^XdYZaaVcdhigV
kVhiVgZiZY^Vhh^hiZcoV0jcVXdggZiiV^chiVaaVo^dcZƒaVb^\a^dgZ\VgVco^VY^fjVa^i|YZa
egdYdiidZYZahjdbVhh^bdgZcY^bZcid#
(/
9WhWjj[h_ij_Y^[][d[hWb_
<gjee^ZaZiigd\Zc^bVg^c^
™ EVgi^XdaVgbZciZVYVii^eZg\a^^be^Vci^Y^WdgYd\gVo^ZVab^c^bd^c\dbWgd
™ EZg[ZiiVbZciZ^chdcdg^ooVi^\gVo^ZVjcVXVW^cVXjgViVbZi^XdadhVbZciZ
™ Edhh^W^a^i|Y^Veea^XVo^dc^heZX^Va^bV\\^dg^^c[dgbVo^dc^hjg^X]^ZhiV
™ 6c\dadY^hWVcYVbZcidbVhh^bd/'*•^cfjVah^Vh^Y^gZo^dcZZ^cgZ\^bZXdci^cjVid
™ EVccZaadY^XdbVcYdXdcbZhhV\\^^c>iVa^Vcd!>c\aZhZ!;gVcXZhZ!IZYZhXdZHeV\cdad
9WhWjj[h_ij_Y^[cejeh[
™BdidgZY^ZhZagV[[gZYYVidVYVXfjVY^bVgZZX^gXj^idYÉVXfjVYdaXZXdchXVbW^VidgZ
™<ZcZgVidgZgV[[gZYYVidVYVXfjV
™6aiZgcVidgZhZcoVheVoodaZ
™H^hiZbVY^hdhiZ\cdYZa\gjeedXdc(Vci^k^WgVci^
™EdbeVVXfjVbVgZXdcVXXdee^VbZcidY^gZiiddigVb^iZX^c\]^V
™8daaZiidgZY^hXVg^Xd^ciZ\gVabZciZgV[[gZYYVidVYVXfjVYdaXZB^c^+%
™IgdcX]ZiidY^hXVg^XdV\db^idgV[[gZYYVidXdc^c^Zo^dcZY^VXfjVY^bVgZ
™8daaZiidgZYÉVhe^gVo^dcZVg^VXdch^aZco^VidgZ
™;^aigdda^d
™;^aigdhZeVgVidgZVXfjV"\Vhda^d
™6aiZgcVidgZg^XVg^XVWViiZg^V&-%lVii
™<da[VgZY^hdaaZkVbZcidg^bdk^W^aZ
™6kk^VbZcidZaZiig^XdXdcXVcYZaZiiZcZaaVXVbZgVY^egZVXXZch^dcZB^c^+%
™KVakdaVYgZcV\\^dda^dXdcijWdY^hjeedgid
™:kZcijVaZh^hiZbVY^gZXjeZgda^fj^YdY^gV[[gZYYVbZcid
9WhWjj[h_ij_Y^[Wbj[hdWjeh[
™9Zh^\c/9ncVb^XVWgjh]aZhh!XVbedgdiVciZ'eda^!eVgiZgdidg^XVg^\^YVbZciZ
VXXdee^ViVVakdaVcd
™6jidZXX^iVid!gZ\daVo^dcZhiVi^XV!egdiZo^dcZXdcigdadhi^aa^X^Y^d
™H^hiZbVY^^hdaVbZcid/XaVhhZ;
™GZ\daVo^dcZY^iZch^dcZ/VjidbVi^XVVbZoodXdcYZchVidgZ¥*
™GV[[gZYYVbZcid/h^hiZbVY^gV[[gZYYVbZcidVYVXfjV
7YY[iieh_
™FjVYgdY^XdcigdaadVY^hiVcoVXdbedhidYV/XdciVidgZ!^ciZggjiidgZ
Y^egZVXXZch^dcZ"hide$Vkk^VbZcid$VggZhidZ^cY^XVidgZiZch^dcZWViiZg^V
™H^hiZb^Y^hXVg^Xd8ZciZ`
™Egdajc\V
)&
C?D?*&#Cejeh[Z_[i[b'Y_b_dZhe
B^c^)%G+%
™ BdYZaad+%=o(+%%\^g^$b^c#
™ &[VhZÄ)[^a^
™ &'%Ä&'%$')%KÄ&+6
™ :gd\Vo^dcZXdci^cjV/(!-`LV[#e#2&#%
B>C>)%
B^c^)%G*%
™ BdYZaad*%=o(%%%\^g^$b^c#
™ &[VhZÄ)[^a^
™ &&*Ä&&*$'(%KÄ&)6
™ :gd\Vo^dcZXdci^cjV/(!*`LV[#e#2&#%
™ EZhd/.+@\
C?D?,&#Cejeh[Z_[i[b(Y_b_dZh_
B^c^+%G*%
™ BdYZaad*%=o(%%%\^g^$b^c#
™ &[VhZÄ)[^a^
™ &&*Ä&&*$'(%KÄ''6
™ :gd\Vo^dcZXdci^cjV/*`LV[#e#2&#%
B>C>+%
)(*&,!&(
B^c^+%G+%
™ BdYZaad+%=o(+%%\^g^$b^c#
™ &[VhZÄ)[^a^
™ &'%Ä&'%$')%KÄ'*6
™ :gd\Vo^dcZXdci^cjV/+`LV[#e#2&#%
™ EZhd/&+)@\
)'
C?D?.&#Cejeh[Z_[i[b)Y_b_dZh_
B>C>-%
B>C>-%G*%
™ BdYZaad*%=o(%%%\^g^$b^c#
™ &[VhZÄ)[^a^
™ &&*Ä&&*$'(%KÄ(%6
™ :gd\Vo^dcZXdci^cjV/,`LV[#e#2&#%
B>C>-%G+%
™ BdYZaad+%=o(+%%\^g^$b^c#
™ &[VhZÄ)[^a^
™ &'%Ä&'%$')%KÄ((6
™ :gd\Vo^dcZXdci^cjV/-`LV[#e#2&#%
™ EZhd/&-.@\
)(
<aZcY^cc^c\egdedcZhdajo^dc^^ccdkVi^kZY^ZXXZo^dcVaZfjVa^i|eZgaÉ^cYjhig^VcVji^XV
YVa &.,'# 8VWaZbVhiZg! ^a egdYdiid Y^hig^Wj^id YV HV^b BVg^cZ! ƒ jc Vkkda\^XVkd
VjidbVi^Xd X]Z eZgbZiiZ Y^ ZhiZcYZgZ d Vkkda\ZgZ XVk^ ZaZiig^X^ YV &+ V '*%6 Xdc
ZhigZbV[VX^a^i|#
Egd\ZiiVideZg\a^nVX]i!8VWaZbVhiZg]VjcVhZg^ZY^XVgViiZg^hi^X]ZX]ZadgZcYdcd
^cY^heZchVW^aZeZgjcVcVk^\Vo^dcZe^VXZkdaZ/Za^b^cV[Vi^X]Z^cji^a^Zcdcha^iiV#
>cdaigZ!8VWaZbVhiZgeZgbZiiZY^^bbV\Voo^cVgZ^aXVkd^cVgZZVaig^bZci^^cVXXZhh^W^a^!
a^WZgVcYdheVo^degZo^dhdeZgVaig^jh^#
))
9WhWjj[h_ij_Y^[][d[hWb_
6kkda\^XVkdVjidbVi^X^
™ :hiZch^dcZdg^oodciVaZZkZgi^XVaZ
™ <gVo^ZVaaZejaZ\\Zk^ZcZVhh^XjgVidjceZg[ZiidhXdgg^bZcidYZaXVkd
™ 6ggZhidVjidbVi^XdV[^cZXdghV^cZcigViVZ^cjhX^iVeZgbZoodY^hZchdg^bdciVi^
^cegdhh^b^i|YZabdidgZZaZiig^Xd
™ 9^hedc^W^aZ^c&'d')Kdai
™ 8dcigdaadVY^hiVcoVXdcgVY^XdbVcYdV&'d')Kdai
9C#*',%)(7
™ 6YViideZgXVk^XdcY^VbZigd
ZhiZgcd[^cdV'%bb%!-ÉÉ
™ 8dciZc^idgZ£*&%m])*%bb
™ 8dggZciZbdcd[VhZ&'*$'*%K
89mm
127 mm
121 mm
175 mm
330 mm
152 mm
76 mm
130 mm
181 mm
108 mm
165 mm
254 mm
51 mm
264 mm
)*
9C#-+&%,)7
6kkda\^XVkdVjidbVi^X^
™ 6YViideZgXVk^XdcY^VbZigd
ZhiZgcd[^cdV('bb&!'*ÉÉ
™ 8dciZc^idgZ£*+%m](-%bb
™ 8dggZciZbdcd[VhZ&'*$'*%K
89
mm
248 mm
76 mm
121 mm
400 mm
206 mm
54 mm
171 mm
152 mm
108 mm
318
mm
159 mm
127 mm
95 mm
171 mm
)+
9C#.'&&%'(+7
6kkda\^XVkdVjidbVi^X^
™ 6YViideZgXVk^XdcY^VbZigdZhiZgcd
[^cdV)&bb&!+'*ÉÉ
™ 8dciZc^idgZ£*+%m]*+%bb
™ 8dggZciZbdcd[VhZ&'*$'*%K
210 mm
540 mm
451 mm
114 mm
330 mm
motore
311 mm
711 mm
9C#/'+&%(+&7
™ 6YViideZgXVk^XdcY^VbZigd
ZhiZgcd[^cdV*-bb'!(ÉÉ
™8dciZc^idgZhjg^X]^ZhiV
™8dggZciZig^[VhZ'(%$)%%K
™ ;dgc^idhiVcYVgYXdc]Vlhe^eZ
eZghe^cZWVcX]^cV&%%$&'*6
™ Dei^dcVa]Vlhe^eZXdY#%)%.,"%*
eZgVaad\\^VgZhe^cVWVcX]^cV &*%Ä'%%Ä'*%6
),
6Y^[[ZgZcoVYZ^bdYZaa^Vkkda\^XVkdhiVcYVgYhZg^Z8B!aVcjdkVhZg^ZXdbeViiV8GB"&+$('$*%cdccZXZhh^iVY^
XdciZc^idgZhZeVgVideZgaÉVaad\\^VbZcidYZaXVkd#
>a bdYZaad 8GB"&+$(' ejŒ Vaad\\^VgZ [^cd V &*b Y^ XVkd V ( XdcYjiidg^ Ä ^a 8GB"*% &*b Y^ XVkd V ( d )
XdcYjiidg^#
>a XVkd h^ ZhigVZ bVcjVabZciZ hgdidaVcYd aV ajc\]ZooV kdajiV hZcoV VaXjcd h[dgod! fjVcYd ƒ ^a bdbZcid Y^
hVaeVgZXɃjcXdbdYd^ciZggjiidgZZaZiig^XdeZg^ag^Vkkda\^bZcidhZgkdVhh^hi^idVa^bZciVidV&'$')K#
AVhZg^Z8GBejŒZhhZgZbdciViVhjaaVWVhZ!VeVgVi^VdVhd[[^iidVhZXdcYVYZaaÉZh^\ZcoVZYƒVhhZbWaViVXdc
bViZg^Va^YZaijiid^bbjc^VaaÉVbW^ZciZbVg^cd#
Hdcd deo^dcVa^ V g^X]^ZhiV/ ^a ijWd VXXd\a^ he^cV kdaVciZ ^c VXX^V^d ^cdm ajX^Yd Xdc iVeed hiV\cd! jc WgZV`Zg Y^
egdiZo^dcZZYjchZchdgZY^VggZhidY^ZbZg\ZcoVeZgVaiViZbeZgVijgVbdidgZ#
;dgc^idXdche^cZegZXVWaViZ&+$('$*%6beh^VkZgh^dcZJH6X]Z:J#
9HC#',[9HC#)(
JEF
JEF
C7
:?=7C :?=7CC7
6kkda\^XVkdVjidbVi^X^
9HC#',%)(%+&
9HC#+&
)-
>ei[cWij[hÅI%#:
6kkda\^XVkdVjidbVi^X^
AV<aZcY^cc^c\BVg^cZ]V^cigdYdiidjccjdkdbdYZaadYZaaV\^|cdiV\VbbV=dhZbVhiZg!
h^hiZbVY^\Zhi^dcZZg^Vkkda\^bZcidYZaijWdVXfjV^c\dbbVeZgYdXX^VodcVeaVcXZiiV
Y^edeeVdeZgaVkV\\^dXdeZgiV#>abdYZaad=dhZbVhiZg"H$"9ƒjch^hiZbVZhigZbVbZciZ
XdbeViid Z [VX^aZ YV ^chiVaaVgZ! Xdc Y^hedh^i^kd Y^ g^igVo^dcZ VjidbVi^XV YZa ijWd Yded
aÉjhd#8dcjc=dhZbVhiZgVWdgYdZk^iZgZiZY^^cX^VbeVgZeZg^XdadhVbZciZcZaijWdYZaaV
YdXX^VJi^a^ooVijWdVXfjVhiVcYVgYXdcgVXXdgYd&$'ÇCEI[Zbb^cV#
9^hedc^W^aZ^c'kZgh^dc^/
™>ei[cWij[h#IeZgjhdYdXX^V!XdbegZcYZjc^i|eg^cX^eVaZ!
hiV[[VY^[^hhV\\^dZijWd#AÉ^bej\cVijgVYdXX^VejŒZhhZgZhXZaiV
igVkVg^bdYZaa^<aZcY^cc^c\dY^Vaigd[dgc^idgZ#
™>ei[cWij[h#:eZgaVkV\\^dXdeZgiV!XdbegZcYZjc^i|eg^cX^eVaZ!
hiV[[VY^[^hhV\\^dZijWdXdc^bej\cVijgVhegjoo^cd#
>ei[cWij[hÅC[>ei[cWij[hÅBM
> h^hiZb^ g^Vkkda\^"ijWd VXfjV YZaaV <aZcY^cc^c\ BVg^cZ =DH:B6HI:G d[[gdcd jc Vaid a^kZaad Y^ egVi^X^i| ZY
dgY^cZhjaaZkdhigZ^bWVgXVo^dc^#
>bdYZaa^=DH:B6HI:GhdcdXdhigj^i^XdcbViZg^Va^^YdcZ^VaaÉVbW^ZciZbVg^cdfjVa^VXX^V^d^cdmZXdbedh^idZ
hdcd Y^hedc^W^a^ Xdc Va^bZciVo^dcZ V &' d ')K# 6YdiiVcd jc ^ccdkVi^kd h^hiZbV Y^ g^Vkkda\^bZcid bdidg^ooVid
igVb^iZhZbea^XZejahVciZ!bZcigZaÉZhiZch^dcZYZaijWdƒbVcjVaZhZcoVgZh^hiZcoV#
HdcdY^hedc^W^a^YjZbdYZaa^![dgc^i^Xdc&&bY^ijWdYV&$'Ç=DH:B6HI:G"BdeejgZXdc''!*bY^ijWdYV*$-Ç
d (%b Y^ ijWd YV &$'Ç =DH:B6HI:G"AL# >a bdYZaad =DH:B6HI:G"AL ]V jcd heZX^VaZ Y^hedh^i^kd X]Z
g^Vkkda\Z ^a ijWd ^c bdYd XdcigdaaVid iVaZ YV gZcYZgad XVeVXZ Y^ iZcZgZ (%b Y^ ijWd YV &$'ÇXdc jc ^c\dbWgd
g^Ydii^hh^bd#
>a ijWd VXfjV [dgc^id h^V YV &$'Ç X]Z YV *$-Ç ƒ Y^ XdadgZ W^VcXd! Vidhh^Xd Z cdc aVhX^V hZ\c^# > bdidg^c^ Y^
g^Vkkda\^bZcidhdcdh^\^aaVi^ZY^\c^[j\]^>HD--)+#8dciViiVgZH6>BeZgg^X]^ZhiZcdchiVcYVgY#
>ei[cWij[hÅC
>ei[cWij[hÅB#M
CeZ[bbe
).
H[\
LebjW]]_e
:_Wc[jhefecfW
Bkd]^[ppWfecfW
9ehh[dj[
F[ie
=dhZbVhiZg"B
%*+%%"&'
%*+%%"')
&'k
')k
&$'Ç&'bb
&$'Ç&'bb
(*[i&%#+b
(*[i&%#+b
(Vbeh
'Vbeh
&+aWh)#*@\
&+aWh)#*@\
=dhZbVhiZg"AL
%**'%"&'
%**'&"')
%**''"&'
%**'("')
&'k
')k
&'k
')k
*$-Ç&*#-bb
*$-Ç&*#-bb
&$'Ç&'bb
&$'Ç&'bb
,*[i''#*b
,*[i''#*b
&%%[i(%b
&%%[i(%b
(")Vbeh
'"(Vbeh
(")Vbeh
'"(Vbeh
',aWh,#*@\
',aWh,#*@\
',aWh,#*@\
',aWh,#*@\
;dcYViVcZa&-,(!aV@d]aZgƒjcVYZaaZbV\\^dg^Vo^ZcYZeg^kViZhiVijc^iZch^Vii^kV^c
Y^kZgh^hZiidg^#
>a eg^bd \ZcZgVidgZ Y^ XdggZciZ egdYdiid YVaaÉVo^ZcYV VbZg^XVcV g^hVaZ Va &.'%/
^cfjZhi^Vcc^@d]aZgƒY^kZciViVaZVYZgbdcY^VaZcZaaVegdYjo^dcZY^ZcZg\^V#
@d]aZg EdlZg HnhiZbh ƒ aV Y^k^h^dcZ YZaaV @d]aZg heZX^Va^ooViV cZaaV egdYjo^dcZ Y^
\ZcZgVidg^iZggZhig^ZbVg^c^#
JcV \VbbV Y^ \ZcZgVidg^ YV^ (!* V^ &-% `L! XVgViiZg^hi^X]Z iZXc^X]Z ^ccdkVi^kZ Z jc
hZgk^XZ cZildg` ZhiZhd V a^kZaad bdcY^VaZ hdcd ^ hZ\c^ Y^hi^ci^k^ Y^ jc bVgX]^d
g^XdcdhX^jidYVijii^^XVci^Zg^XdbZeVgicZgV[[^YVW^aZZh^Xjgd#
)/
<VbbVWZco^cV
=hkff_;b[jjhe][d_
AÉVbe^V \VbbV Y^ \ZcZgVidg^ @d]aZg ƒ ^c \gVYd Y^ hdYY^h[VgZ aZ Zh^\ZcoZ Y^ ZcZg\^V Y^ ijii^ \a^ nVX]i! YV^ e^‘
\gVcY^VfjZaa^e^‘e^XXda^!ZY^^bWVgXVo^dc^YVaVkdgd#GdWjhi^!Z[[^X^Zci^ZYdiVi^Y^jcZXXZaaZciZgZ\daVidgZY^
iZch^dcZ!^\gjee^ZaZiigd\Zc^@d]aZgeZgbZiidcdY^XdcigdaaVgZ^a[VWW^hd\cdZcZg\Zi^Xd^cd\c^h^ijVo^dcZ!VcX]Z
cZaaZXdcY^o^dc^e^‘Xg^i^X]Z#
AV hdWg^V XVW^cV Y^ ^chdcdg^ooVo^dcZ! g^hjaiVid Y^ jc VXXjgVid ZY VkVcoVid YZh^\c! ƒ ^a hZ\gZid Y^ jc eZg[Ziid
^hdaVbZcidVXjhi^Xd!VaejcidYVY^bZci^XVgZY^VkZgZjc\ZcZgVidgZVWdgYd#9VhZbegZ!^\ZcZgVidg^@d]aZg
hdcdh^cdc^bdY^fjVa^i|!V[[^YVW^a^i|Zg^heZiideZgaÉVbW^ZciZ/^bdidg^ji^a^ooVi^YV@d]aZgg^heZiiVcd^c[Vii^aZ
cdgbVi^kZe^‘gZXZci^ZgZhig^ii^kZXdcigdaZZb^hh^dc^^cfj^cVci^!hZXdcYd\a^hiVcYVgY86G7Z:E6#>ah^hiZbV
Y^XdcigdaadZ\a^VaiZgcVidg^Wgjh]aZhhg^YjXdcdVab^c^bd\a^^ciZgkZci^Y^bVcjiZco^dcZ#
Ijii^^\ZcZgVidg^@d]aZghdcdegdYdii^^cXdc[dgb^i|V\a^hiVcYVgYY^fjVa^i|YZ[^c^i^YVaaZcdgbZ>HD.%%&!kVa^Y^
^cd\c^eVZhZYZabdcYd!Zijii^^bdYZaa^egZhZciVcdXVgViiZg^hi^X]ZiZXc^X]ZZXXZaaZci^fjVa^XZgi^[^XVo^dcZ8:!
iZch^dcZgZ\daVW^aZZh^hiZbVYÉ^hdaVbZcidXaVhhZ=#
=WccWX[dp_dW
> \gjee^ ZaZiigd\Zc^ V WZco^cV @d]aZg g^hedcYdcd VaaZ cdgbVi^kZ :E6 Ä I^Zg >>> \gVo^Z Va cjdkd bdidgZ @d]aZg
6Z\^hIB V ^c^Zo^dcZ ZaZiigdc^XV :;> X]Z V^jiV V g^YjggZ YgVhi^XVbZciZ aZ Zb^hh^dc^ Y^ 8D V a^kZaa^ b^c^b^# 9Va
bdidgZVaaÉVaiZgcVidgZ![^cdVaXdcigdaadY^\^iVaZ!^cjdk^\gjee^VWZco^cV@d]aZghdcd^ciZgVbZciZhk^ajeeVi^Z
egdYdii^YV@d]aZg#9^hedc^W^a^XdcediZcoZY^)!+Z-`LV*%=o*!,!*Z&%`LV+%=o!hdcdZfj^eV\\^Vi^YVa
cjdkd6YkVcXZY9^\^iVa8dcigda698>>Y#
,;<A:
CeZ[bbe
aM
9EDJ$
>p
*:@9
*
+%
):;@9
)
*%
,#*:@9
,!*
+%
+:;@9
+
*%
&%
+%
-
*%
&%:@9
-:;@9
*&
9_b$
'
'
'
=_h_%c_d$
(+%%
(%%%
(+%%
(%%%
(+%%
(%%%
<Wi_
Bkd]$NBWh]$N7bj$cc F[ieA]
J_fe
YedYWX_dW cejeh[
YedYWX_dW
&
,,(m*%%m)+,
&'.
@d]aZg
&
,,(m*%%m)+,
&'.
@d]aZg
&
-%%m*%%m)+,
&)*
@d]aZg
IY^[ZWj[Yd_YW
Hdcd[^cVabZciZY^hedc^W^a^VcX]Z^c>iVa^V^igZcjdk^bdYZaa^Y^\gjee^ZaZiigd\Zc^@d]aZg#H^V\\^jc\ZXdh‡jcV
[Vb^\a^VY^egdYdii^e^‘XdbeVii^!e^‘aZ\\Zg^Ze^‘VkVcoVi^VYjcV\VbbV\^|XdbeaZiVZVeegZooViV#9^hedc^W^a^
^cigZXViZ\dg^ZY^ediZcoVÄ*!,Z.`LÄ^cjdk^bdYZaa^hdcdYdiVi^Y^Xdcigdaa^Y^\^iVa^X]Zg^ZhXdcdVXdbW^cVgZ
[jco^dcVa^i|hd[^hi^XViZVYjcÉ^ciZg[VXX^VX]^VgVZhZbea^XZYVji^a^ooVgZ#
:fj^eV\\^Vi^YVbdidg^@d]aZgY^cjdkV\ZcZgVo^dcZVigZdfjViigdX^a^cYg^!hdcdigV^e^‘XdbeVii^ZaZ\\Zg^Y^
fjZhiVXViZ\dg^V#
FjZhi^ igZ cjdk^ \gjee^ ZaZiigd\Zc^ hdcd Zfj^eV\\^Vi^ ^cdaigZ YVa cjdkd eVccZaad Y^ Xdcigdaad 6YkVcXZY 9^\^iVa
8dcigda 698 >>Y X]Z d[[gZ jc bdc^idgV\\^d Y^ gVgV hZbea^X^i|! bZiiZcYd V Y^hedh^o^dcZ YZaaÉVgbVidgZ bdaiZ
cjdkZdeo^dc^ji^a^#
>aXdcigdaaZgƒY^ji^a^ood[VX^aZZ^cij^i^kd!XdchdadYjZejahVci^EdlZgZHiVgi$HideZjcY^heaVnVYjZa^cZZYV
&'XVgViiZg^#6iigVkZghdjcVbVcdedaVh^VXXZYZV^kVg^bZcjY^hZijeZegd\gVbbVo^dcZ!bZcigZigVb^iZjcV
edgiV JH7 Y^ [VX^aZ VXXZhhd ƒ edhh^W^aZ Z[[ZiijVgZ ^a YdlcadVY YZa hd[ilVgZ Z ^a Xdcigdaad YZ\a^ ZkZci^ Y^
[jco^dcVbZcid# >a cjdkd XdcigdaaZg ]V jc b^XgdegdXZhhdgZ Y^ \Zhi^dcZ YZaaV ediZcoV! YZaaÉ^c^Zo^dcZ Z jc
gZ\daVidgZY^kdaiV\\^d^Wg^Yd!Zh^ejŒ^ciZg[VXX^VgZXdcHbVgiXgV[iIBK&#%!C:B6'%%%!H6:?&.(.86CWjh#
9WhWjj[h_ij_Y^[ cejeh[ XZgi^[^XVo^dcZ :E6 I^Zg >>>0 h^hiZbV Y^ gV[[gZYYVbZcid V X^gXj^id X]^jhd0
hXVbW^VidgZY^XVadgZ0kVakdaVY^hXVg^Xdda^d#
CjdkV\VbbV*".`L
DkelW]WccW+#/aM
9WhWjj[h_ij_Y^[ ][d[hWjeh[ Xdcigdaad gZbdid Xdc XdccZiidgZ V &' e^c0 gZ\daVidgZ Y^ kdaiV\\^d ¥&#%0
gdidgZ Z hiVidgZ egdiZii^ Xdcigd aV Xdggdh^dcZ Z aÉjb^Y^i|0 Vkkda\^bZci^ ^c gVbZ V WVhhd hjgg^hXVaYVbZcid/
aÉ^hdaVbZcid ƒ Xdc[dgbZ V\a^ hiVcYVgY C:B6 Y^ XaVhhZ =0 Y^gZiiVbZciZ XdccZhhd Va bdidgZ! aV bVXX]^cV
ZaZiig^XV]VXjhX^cZii^Vh[ZgVVYVaiVegZX^h^dcZh^\^aaVi^Zjch^hiZbVY^egZX^h^dcZeZgZk^iVgZY^hVaa^cZVbZci^Z
eZgZhiZcYZgZaVk^iVYZ^XjhX^cZii^#
-;<AEP:
+;<AE:
DEL?JÀ
CeZ[bbe
aM
9EDJ$
>p
+:@D9
+
+%
*:;@D9
*
*%
.:@D9
-!*
+%
,:;@D9
,
*%
&&:@D9
&&
+%
.:;@D9
.
*%
/;<AEP:
9_b$
(
(
)
=_h_%c_d$
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
<Wi_
Bkd]$NBWh]$N7bj$cc F[ieA]
J_fe
YedYWX_dW cejeh[
YedYWX_dW
&
,-%m*'-m**.
'&-
@d]aZg
&
-+*m*'-m**.
')*
@d]aZg
&$(
.+%m*'-m**.
',(
@d]aZg
IY^[ZWj[Yd_YW
*'
=WccW''aMÅ(.aM+&>p%')aMÅ)(aM,&>p
<VbbV&&"'-`L
AV\VbbVYZ^\ZcZgVidg^@d]aZgYV&&V'-`LƒZfj^eV\\^ViVYVbdidg^NVcbVg#
>a Xdcigdaad Y^\^iVaZ 698 6YkVcXZY 9^\^iVa 8dcigda ƒ [dgc^id Y^ hZg^Z# >a YZh^\c XdbeViid! ^ch^ZbZ VaaZ g^YdiiZ
Y^bZch^dc^! [dgc^hXZ V fjZhiV \VbbV jcÉZXXZo^dcVaZ ^ciZ\gVW^a^i| cZaaZ hVaZ bVXX]^cZ# 9VaaZ g^XdcdhX^jiZ
fjVa^i|Y^gdWjhiZooVZV[[^YVW^a^i|!aV\VbbVÆNVcbVgǃigVaZe^‘Y^[[jhZVa^kZaadbdcY^VaZ#
');<&P:
(.;<&P:
CeZ[bbe
aM
9EDJ$
>p
&(:DO9
&(#%
+%
&&:;DO9
&&#%
*%
&):DO9
&)#%
+%
&&#*:;DO9
&&#*
*%
&*:DO9
&*
+%
&(:;DO9
&(#%
*%
'%:DO9
'%#%
+%
&,:;DO9
&,#%
*%
'%:DO9
'%#%
+%
&,#*:;DO9
&,#*
*%
'(:DO9
'(#%
+%
'%:;DO9
'%#%
*%
'-#%
+%
'*#%
*%
(':DO9
('#%
+%
'-:;DO9
',#%
*%
'-:DO9
'*:;DO9
*(
9_b$
(
(
(I
)
)
)I
)
)
=_h_%c_d$
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
<Wi_
Bkd]$NBWh]$N7bj$cc F[ieA]
J_fe
YedYWX_dW cejeh[
YedYWX_dW
&
&%)-m+(*m+.%
(('
NVcbVg
(
&%)-m+(*m+.%
()'
NVcbVg
&
&%)-m+(*m+.%
((-
NVcbVg
&
&&(,m+(*m+.%
(,*
NVcbVg
(
&&(,m+(*m+.%
(,,
NVcbVg
&
&&(,m+(*m+.%
(-,
NVcbVg
&$(
&'.*m+(*m-&%
*,(
NVcbVg
&$(
&'.*m+(*m-&%
*,,
NVcbVg
IY^[ZWj[Yd_YW
=WccW))aMÅ'+&aM+&>p%*&aMÅ'.&aM,&>p
CeZ[bbe
aM
9EDJ$
>p
)%:DO9
)%#%
+%
((:;DO9
((#%
*%
**:DO9
**#%
+%
)%:;DO9
)*#%
*%
+*:DO9
+*#%
+%
*%:;DO9
**#%
*%
-%:DO9
-%#%
+%
,%:;DO9
,%#%
*%
..:DO9
..#%
+%
-%:;DO9
-%#%
*%
&'*:DO9
&'*#%
+%
&%%:;DO9
&%%#%
*%
&*%:DO9
&*%#%
+%
&'*:;DO9
&'*#%
*%
&-%:DO9
&-%#%
+%
&*%:;DO9
&*%#%
*%
9_b$
)
)I
)I
+I
+I
+I
+I
+I
=_h_%c_d$
<Wi_
&-%%
&
(
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
&-%%
&*%%
Bkd]$NBWh]$N7bj$cc F[ieA]
J_fecejeh[
YedYWX_dW
YedYWX_dW
&,)(m,+,m&%(*
.+,
?d]c9ZZgZ
&-,%m,+,m&%(*
&&+%
?d]c9ZZgZ
&-,%m,+,m&%(*
&&,%
?d]c9ZZgZ
'&',m-&&m&%(*
&(''
?d]c9ZZgZ
''+%m-&&m&%(*
&'-(
?d]c9ZZgZ
')*%m-&&m&&'-
&,%&
?d]c9ZZgZ
'*%+m-&&m&&'-
&,.(
?d]c9ZZgZ
'*%+m.+%m&&.'
&.).
?d]c9ZZgZ
IY^[ZWj[Yd_YW
&
(
&
(
<VbbV(("&*%`L
9diVi^Y^bdidg^?d]c9ZZgZ!^\ZcZgVidg^Y^fjZhiV\VbbVhdcdcdi^eZgaVadgdV[[^YVW^a^i|ZXdci^cj^i|Y^ediZcoV#
;dgc^i^Y^hZg^ZXdceVccZaadY^Xdcigdaad9ZX^h^dcBV`Zgœ( !hdcdY^hedc^W^a^VcX]ZXdc9ZX^h^dcBV`Zgœ**%kY#
XVgViiZg^hi^X]ZiZXc^X]ZVeV\#))#
AVXZgi^[^XVo^dcZAadnYÉhƒY^hedc^W^aZhjg^X]^ZhiVeZgijiiVaV\VbbV?d]c9ZZgZ#JcVgZiZYÉVhh^hiZcoVhjhXVaV
bdcY^VaZ\VgVci^hXZjchjeedgidiZXc^XdY^Vai^hh^bda^kZaad#
&
(
&
(
&
(
&
(
&
(
&
(
&
(
&
(
&
(
&
(
&
(
&
(
&
(
'(+;<EP::;9++&
*)
FWdd[bb_Z_Yedjhebbe
EVccZaa^Y^Xdcigdaad
9VaaZ [jco^dc^ e^‘ hZbea^X^ V fjZaaZ Y^ jc h^hiZbV VaiVbZciZ hd[^hi^XVid! ^ eVccZaa^ Y^ Xdcigdaad @d]aZg d[[gdcd
hdajo^dc^ eZg d\c^ Veea^XVo^dcZ# 8^VhXjc eVccZaad ƒ VYViiVW^aZ V ijiiZ aZ Zh^\ZcoZ g^X]^ZhiZ ZY ƒ egd\ZiiVid
g^heZiiVcYdh^XjgZooVZhZbea^X^i|eZgVhh^XjgVgZjcji^a^ood[VX^aZZ^cij^i^kd#AÉ^ciZgVa^cZVYZ^eVccZaa^Y^Xdcigdaad
egZhZciV[jco^dc^^ccdkVi^kZY^Xdbjc^XVo^dcZeZgaZdeZgVo^dc^Y^XdcigdaadVY^hiVcoV!daigZVjchd[ilVgZY^jai^bV
\ZcZgVo^dcZegd\gVbbVW^aZeZghjXXZhh^k^V\\^dgcVbZci^YZah^hiZbV#
9WhWjj[h_ij_Y^[][d[hWb_
™ Egd\ZiiVi^eZg\ZcZgVidg^YV(V'-%%`L
™ 9^hedc^W^a^[jco^dc^Y^Y^V\cdhi^XVhjeeaZbZciVgZ
™ 8Zgi^[^XVidJA*%-6
™ 8dc[dgbZVaaZcdgbZC;E6..ZC;E6&&%
Dkele7:9??Z
DEL?JÀ
™8dcigdaad^ciZ\gVidYZa\gjeedZaZiigd\ZcdZgZ\daVo^dcZYZakdaiV\\^d
™Edhh^W^a^i|Y^djieji/HbVgi8gV[iIBK&#%!CB:6'%%%!H6:?"&.(.
™>c\gZhhdJH7[gdciVaZeZgjeadVYZYdlcadVYY^hd[ilVgZZ
^c[dgbVo^dc^Y^V\cdhi^X]Z
™B^XgdegdXZhhdgZCMEXdc*&'@W;aVh]Z+%@WG6B
™9^bZch^dc^/&,.m&'+m),bb
™EgZg^hXVaYVbZcidegd\gVbbVideZgeVgiZcoZV[gZYYd
™9^heaVnV&'XVgViiZg^m'a^cZZeZg^aXdcigdaadY^/dgZaVkdgd0hiVidYZa
X^Xad0hiVidYZa\ZcZgVidgZ0VaaVgb^0Y^V\cdhi^XV0eVgVbZig^Y^
hZiiV\\^d0VkkZgi^bZci^Y^bVcjiZco^dcZegd\gVbbVW^aZ#
BVcdedaVbjai^[jco^dcZ/Xdc[^\jgVo^dcZXdcigdaaZg0
kVg^Vo^dcZK$=o0ZiX#
HbVgi8gV[iIBƒjcbVgX]^dgZ\^higVidY^BZgXjgnBVg^cZ!Y^k^h^dcZY^7gjchl^X`8dgedgVi^dc#
7ZlWdY[Z:_]_jWb9edjheb7:9
™6XXZhhdXdcigdaaVidYVeVhhldgY
™Bdc^idgV\\^dZY^V\cdh^Y^VkVg^Z
™8dcigdaad`L!iZch^dcZWViiZg^Z!egZhh^dcZda^d
™EgdiZo^dcZeZghdkgViZch^dcZZ[jdg^\^g^
:[Y_i_ed#CWa[h)!
HX]ZYViZXc^XV
™ >aeVccZaadY^Xdcigdaad9:8( d[[gZjch^hiZbV
Y^bdc^idgV\\^deZgijiiVaV\VbbVY^\ZcZgVidg^Æ?d]c9ZZgZÇ
™ HZaZo^dcZYZaaZbdYVa^i|DkZgheZZY!gV[[gZYYVbZcidZVkk^VbZcid
™ 6aaVgb^hdcdg^Zdii^X^
™ >ciZ\gVo^dcZY^egdidXdaa^Y^Xdbjc^XVo^dcZ
BD97JHGIJ$I8EZ86C7JH
™ FjVYgVciZVcVad\^XdZXdcigdaada^kZaa^bdidgZ
:[Y_i_ed#CWa[h++&
HX]ZYViZXc^XV
**
™ >a9:8**%[dgc^hXZjcXdcigdaadXdbeaZidY^h^hiZbV\gVo^Z
VYjcVad\^XVjc^XVeZgjc[jco^dcVbZcidV[[^YVW^aZ#
FjZhideVccZaadƒji^a^ooVidXdbZ^ciZg[VXX^VediZciZigV
^a\ZcZgVidgZ!^afjVYgdY^\Zhi^dcZZ^ah^hiZbVY^eVgVaaZad
eZgaV\Zhi^dcZYZaaÉVeea^XVo^dcZ
™ 9^heaVnY^\^iVaZZiVhi^ZgV^cij^i^kVeZgbdc^idgV\\^d
ZXdcigdaadadXVa^
™ Hd[ilVgZeZgbdc^idgV\\^dZXdcigdaadVY^hiVcoVigVb^iZE8
™ Hd[ilVgZ^ciZ\gVidhZcoVcZXZhh^i|Y^XdbedcZci^
]VgYlVgZV\\^jci^k^
™ Ad\^XVY^h^hiZbVeZgjcVeZg[dgbVcXZdii^bVaZYZaaV
XdbW^cVo^dcZY^jcbdidgZheZX^[^XdXdcjcVaiZgcVidgZheZX^[^Xd
7YY[iieh_
6XXZhhdg^
™EVccZaadVY^hiVcoV698ZaZiigdc^XdY^\^iVaZ
™Egdajc\V
™H^hiZb^Y^hXVg^Xd8ZciZ`
™Edhh^W^a^i|Y^Veea^XVo^dc^heZX^Va^^ceVgVaaZadbV\\^dg^^c[dgbVo^dc^hjg^X]^ZhiV
™CZ\Vi^kd^hdaVid
™Hjeedgi^^YgVja^X^
FWdd[bbeZ_]_jWb[WZ_ijWdpW
EVccZaad Y^\^iVaZ V Y^hiVcoV YV ( ^cY^XV aZ ^c[dgbVo^dc^
egdkZc^Zci^ YVaaÉ698! eZgbZiiZcYd aÉVgZhid! aÉVkk^d Z ^a
bdc^idgV\\^d YZa h^hiZbV V Y^hiVcoV! \VgVciZcYd Xdh‡ jc
bV\\^dgZXdcigdaadZ[aZhh^W^a^i|YZaaÉ^bWVgXVo^dcZ#
A?Jh_YWcX_
@^ig^XVbW^cZaaVegVi^XVkVa^\ZiiV^beZgbZVW^aZXdciZcZciZ
ijii^^g^XVbW^ZhhZco^Va^eZgjcVeZg[ZiiVbVcjiZco^dcZYZa
\gjeedZaZiigd\ZcdY^WdgYd#
<K;BJOF;
:?;I;B
<:C:G6IDGBD9:A
(#*:;DO
):DO
)#*:;D9
+:D9
,:;DO9
.:DO9
.:;DO9
&%:DO9
@>ICJB7:GH
<B'))%)
<B*&(**
<B)-%&*
<B('((-
&&:;DO9
&&#*:;DO9
&(:DO9
&(:;DO9
&*#*:DO9
&,:;DO9
&,#*:;DO9
'%:DO9
'%:;DO9
'(:DO9
'):DO9
'*:;DO9
'-:;DO9
'-:DO9
(':DO9
((:;DO9
)%:DO9
)%:;DO9
*%:;DO9
**:DO9
+*:DO9
,%:;DO9
-%:DO9
-%:;DO9
..:DO9
&%%:;DO9
&'*:DO9
&'*:;DO9
&*%:DO9
&*%:;DO9
&-%:DO9
<B('((%
<B('((&
<B*&(*+
<B*&(*,
<B*&(*-
F7HJDKC8;HI
A?J9EDJ;DJI
<B&(++%
''.&'*
'*+*%(
')..-.
<B)%..-
<B),%))
''*)'-
',+&)-
(+('%*
<B&*)%'
<B&*)%'
<B&-,%)
())-(*
())-(*
())-(*
())-(*
())-(*
())-(*
())-(*
())-(*
())-(*
M"+()-"+
M"+()-"+
M"+()-"&%
M"+()-"+
M"+()-"+
M"+()-"+
7:AI!H:6L6I:GEJBE
7:AI
7GJH=
8DCI6>C:G
8>G8J>I7G:6@:G!&%6BE
9:86A
;>AI:G!EG>B6GN;J:A
;>AI:G!H:8DC96GN;J:A
(''%*+"H
;>AI:G!D>A
M"+()-"+
M"+()-"+
M"+()-"+
<B)-,',
<B)-,'.
<B&--'&
<B).(&*
''.,&*
<B('(*.
<B('(*.
<B('(*.
<B)-,'-
<B)-,(%
<B&--%-
<B)%...
''.+,-
'*'-()
'*'-()
'*'-()
<B('-%.
<B('-%.
<B)-,(&
')(',(*
')(',(*
')(',(*
''((&+*
''((&+*
''((&+*
'-(+)**
'-(+)**
'-(+)**
''.-'+
<B*%+))
<B*%+))
<B&-,.(
'+%%-*
(*'&)'
(*'&)'
(*'&)'
;JH:!(6BE
;JH:!*6BE
;JH:!-6BE
;JH:!&%6BE
<B'%-).
;JH:!&%6BE
''((&+*
''((&+*
''((&+*
''((&+*
''((&+*
(*-((,*
(*-((,*
(*-((,*
(*-((,*
(*-((,*
;JH:!&*6BE
;JH:!'%6BE
;JH:!'*6BE
<B'%-*&
>BE:AA:GG:E6>G@>I
<B'%-*'
<B).(&+
''.-'+
''.-'+
'+%%-*
'+%%-*
''..**
HE6G@EAJ<
O>C86CD9:@>I
<B'%-*(
*+
6gg^kVcdYV\a^HiVi^Jc^i^Zhdcd^ig^biVWe^‘gdWjhi^VabdcYd#:fj^eV\\^Vi^YVediZci^
X^a^cYg^ViijVidg^V[jco^dcVbZcidZaZiigd"bZXXVc^Xd!cdccZXZhh^iVcdY^bVcjiZco^dcZ
ZhdcdXjhidb^ooVW^a^VhZXdcYVYZaaZY^kZghZZh^\ZcoZegd\ZiijVa^#
*-
9ehh[jjeh_ZÊWii[jjeB[YjhejWXÅJh_cJWXIoij[ci
8dggZiidg^YÉVhhZiid
>XdggZiidg^YÉVhhZiidZaZiigd"bZXXVc^X^AZXigdiVWhdcdYdiVi^Y^X^a^cYg^ViijVidg^egd\ZiiVi^Xdc\gVcYZegZX^h^dcZ
ZcdccZXZhh^iVcdY^bVcjiZco^dcZ\gVo^ZVaadgdh^aZco^dhd[jco^dcVbZcidcdc"^YgVja^Xd#GZVa^ooVi^XdcbViZg^Va^
gZh^hiZci^VaaVXdggdh^dcZ!\VgVci^hXdcdjcedh^o^dcVbZcidYZa[aVebdaidVXXjgVid![dgc^hXdcdjcV\gVcYZ[dgoVY^
he^ciV Z hdcd Y^ Y^bZch^dc^ bdaid XdbeViiZ [VX^a^iVcYdcZ aÉ^chiVaaVo^dcZ# Jc [gZcd V [g^o^dcZ ^ciZgcd ^beZY^hXZ
^cYZh^YZgViZgZigVo^dc^YZa[aVeYjgVciZaVcVk^\Vo^dcZdaÉVo^dcVbZcidYZaig^b"iVW#AVbZXXVc^XVYZaaÉViijVidgZ
ƒVhhZbWaViVeZgbVcZciZbZciZ^cjcXdgedhiV\cdcdc"bZiVaa^Xdegd\ZiiVideZgYjgVgZcZ\a^Vcc^#CdcX^hdcd
XdbedcZci^X]ZYZkdcdZhhZgZ^chiVaaVi^VaaÉ^ciZgcdYZaaVWVgXVZ!VY^[[ZgZcoVYZ^XdggZiidg^Y^VhhZiid^YgVja^X^!
cdcXɃedhh^W^a^i|Y^[jdg^jhX^iVY^da^d#<a^ViijVidg^^cXdgedgVcdjcV[aVc\^VY^bdciV\\^deZgadheZXX]^dY^
edeeV hiVcYVgY V g^X]^ZhiV jcV [aVc\^V V WVhhd egd[^ad Z hdcd Y^hedc^W^a^ V &'K d ')K ^c igZ bdYZaa^/ Xdgid!
hiVcYVgYdg^c[dgoVideZgVaiZeZg[dgbVcXZ#
*.
F[hY^ƒiY[]b_[h[B[YjhejWX5
6iijVidg^Xdc\VgVco^VVk^iV™CZildg`Y^Vhh^hiZcoVbdcY^VaZ™9Zh^\cXdcXVgViiZg^hi^X]Zjc^X]ZWgZkZiiViZ
;aVe^cVXX^V^d^cdmdaZ\VY^Vaajb^c^d™EVccZaadY^Xdcigdaadl^gZaZhhdeo^dcVaZ
7jjkWjeh_
7
<jVgc^o^dcZeg^bVg^V/ƒedh^o^dcViVVaY^hdegVY^fjVah^Vh^
ejcid YZa e^hidcZ Zhedhid V ^cXgdhiVo^dc^! fj^cY^ cdc ejŒ
ZhhZgZ YVccZ\\^ViV ZY ƒ ^a eg^cX^eVaZ ZaZbZcid Y^ iZcjiV
hiV\cVYZaaÉViijVidgZ#7gZkZiidJHCd#*#--&#+++#
8
K^iZhZcoVÒcZ^cVXX^V^diZbegVid/[dgc^hXZÒcdV)*%@\Y^
[dgoVhjaÓVeZYZa^b^cVaVcZXZhh^i|Y^b^Xgd^ciZggjiidg^Y^
ÒcZXdghVVaaÉ^ciZgcdYZaaÉViijVidgZhiZhhd#
9
8jhX^cZiid Xdc Xdcigdaad YZaaV Xdee^V Y^ he^ciV eZg jcV
ajc\VYjgViVY^hZgk^o^dZYjcV[jco^dcZY^[gZcdYZaaVk^iZ
hZcoVÒcZ#FjZhidegZk^ZcZaVi^e^XV^cYZh^YZgViVg^igVo^dcZ
YZae^hidcZYjgVciZaVcVk^\Vo^dcZ#
:
>a X^a^cYgd ViijVidgZ ]V ^a Xdged ZhiZgcd ^c bViZg^VaZ cdc
bZiVaa^XdeZgjcÉVhhdajiVgZh^hiZcoVVaaVXdggdh^dcZ#
;
G^YjiidgZ Ze^X^Xad^YVaZ Xdc gVeedgid )%/& ajWg^ÒXVid Z
h^\^aaVidVk^iV/igVh[Zg^hXZjcbdk^bZcidÓj^Yd!h^aZco^dhd
ZYjcVXdee^VediZciZVaaVk^iZhZcoVÒcZ#
<
BdidgZ gZkZgh^W^aZ ^c XdggZciZ Xdci^cjV/ ]V jcV Xdee^V
XdcigdaaViV^cjhX^iVeZgegdiZ\\ZgZ^ag^YjiidgZZe^X^Xad^YVaZ
Z h^ VggZhiV ^bbZY^ViVbZciZ fjVcYd k^ZcZ g^aVhX^Vid
aÉ^ciZggjiidgZ YZa eVccZaad eZg ^beZY^gZ hedhiVbZci^
^cYZh^YZgVi^YZ^ÓVeeZg^cZgo^VYZae^hidcZ#
=
9^hedh^i^kd Vci^"^ciZg[ZgZcoZ ZaZiigdbV\cZi^X]Z/ Vhh^XjgV
^a g^heZiid YZaaZ cdgbZ ZjgdeZZ 8: ZY Za^b^cV ^ e^XX]^ Y^
iZch^dcZeZgjcVe^‘ajc\VYjgViVYZ^XdciVii^ZaZiig^X^YZa
bdYjadY^XdbVcYdeg^cX^eVaZ#
>
KVakdaVY^XdcigdaadÆkZci"ijWZÇ/XdchZciZVaaÉVg^VY^ZcigVgZ!
bV aZ ^beZY^hXZ Y^ jhX^gZ XgZVcYd VjidbVi^XVbZciZ jcV
hdkgVegZhh^dcZgZh^YjV^ciZgcVY^X^gXV%!**WVgfjVcYd^aÓVe
ƒXdbeaZiVbZciZgZigViid!^beZYZcYdfjVah^Vh^^cÒaigVo^dcZ
Y^VXfjVeZgg^hjXX]^d#7gZkZiidJHCd#*#--&#+++#
?
AVeVgiZhjeZg^dgZYZaX^a^cYgdViijVidgZƒViZcjiVhiV\cV
VhhZbWaViVXdch^\^aaVciZZedhh^Y^Xd#
@
HiV[[V Y^ bdciV\\^d hjeZg^dgZ hcdYViV/ ejΠZhhZgZ
edh^o^dcViVh^V^ckZgi^XVaZX]Z^cdg^oodciVaZeZgVYViiVgh^
VfjVah^Vh^^chiVaaVo^dcZ#
7jjkWjeh[
ijWdZWhZ
7jjkWjeh[
Yehje
7jjkWjeh[h_d\ehpWje
f[h_cf_[]^_if[Y_Wb_
>a cdhigd bdYZaad e^‘ XdbjcZ!
VYViid V ijiiZ aZ Y^bZch^dc^ Z
hi^a^Y^^bWVgXVo^dcZ#Ajc\]ZooV
idiVaZ()+bb#
BdYZaad Xdc WVhhd egd[^ad YZaaV
hiV[[V hjeZg^dgZ ƒ aV hdajo^dcZ
eZg[ZiiV eZg aZ Veea^XVo^dc^ YZ^
XdggZiidg^ Y^ VhhZiid YdkZ ƒ
a^b^iVidadheVo^dkZgi^XVaZ!XdbZ
VY ZhZbe^d hdiid VY jcV
e^ViiV[dgbVY^edeeV#Ajc\]ZooV
idiVaZ',.bb#
EZgcd g^c[dgoVid Z hiV[[V Y^
bdciV\\^d ^c VXX^V^d ^cdhh^YVW^aZ
YV'!-bbY^heZhhdgZ#>YZVaZeZg
aZ ^bWVgXVo^dc^ X]Z deZgVcd VY
VaiZkZadX^i|d^cXdcY^o^dc^eZhVci^#
Ajc\]ZooVidiVaZ()+bb#
> XdggZiidg^ Y^ VhhZiid AZXigdiVW ^c VXX^V^d ^cdm [dgc^hXdcd
gZh^hiZcoV Z V[[^YVW^a^i| hZcoV eVgV\dc^ \gVo^Z VaaZ adgd
XVgViiZg^hi^X]ZWgZkZiiViZ#Ijii^^[aVehdcd[VWWg^XVi^^cVXX^V^d
^cdhh^YVW^aZ Xdc jcV XZgc^ZgV Xdci^cjV VggdidaViV Z WadXXViV!
Za^b^cVcYdaVcZXZhh^i|Y^hVaYVijgZ#
™;aVegZh^hiZci^VaaVXdggdh^dcZ^cVXX^V^d^cdm(%)d(&+Xdc
heZhhdgZ'!-%d(!&'bb#
™ Deo^dc^Y^[^c^ijgV/YVaVkdgVo^dcZhiVcYVgY!VXX^V^d^cdm ajX^YVidVheZXX]^ddkZgc^X^VijgVVedakZgZcZgVajX^YV#
™>[aVehdcdY^hedc^W^a^hiVcYVgYXdcb^hjgZ.Æ'(Xb!&'Ç(%
Xb[^cdV')Ç+%Xb^cegd[dcY^i|ZaVg\]ZooZXdbegZhZigV
.Ç'(XbZ)-Ç&''Xb#
™Ijii^^[aVeXdcaVg\]ZooVhjeZg^dgZV')Ç+&Xb]Vccd^a WdgYdY^jhX^iVe^Z\VidV.%•eZgjcVbV\\^dgZgZh^hiZcoV#
™>[aVehdcdY^hedc^W^a^XdcWdgY^e^Z\Vi^hdcdedhh^W^a^Y^kZghZ
Vc\daVo^dc^!kZgi^XVa^d^cXa^cVi^!XdcXVcVa^g^c[dgoVi^eZg Ydee^dViijVidgZ#
™EZgaVegdiZo^dcZ\VakVc^XVhdcd^cdaigZY^hedc^W^a^
VcdY^egZ"^chiVaaVi^#
6iijVidgZh^c\dad
8dggZiidg^YÉVhhZiid
9ehh[jjeh_Z_Wii[jjeÅ\bWf_dWYY_W_e_den
9dee^dViijVidgZ
FWdd[bbe
ÇheYa[him_jY^È
9^hedcZY^ijiiZaZ[jco^dc^Y^
XdbVcYdhiVcYVgYYZa
XdggZiidgZYÉVhhZiid
™<jVgc^o^dcZY^iZcjiV YZaaÉ^ciZggjiidgZeZgZk^iVgZ
^c[^aigVo^dcZYÉVXfjV
™EgZY^hedhideZgZhhZgZ [VX^abZciZhdhi^ij^id^cjc
hZXdcYdbdbZcidYVa eVccZaadVA:9dkVaZ
FWdd[bbe
B;:elWb[
FWdd[bbe
M_h[b[ii
8dbW^cVjcXdcigdaadV
b^XgdegdXZhhdgZYZah^hiZbV
Xdc^cY^XVidg^A:9YZaaV
edh^o^dcZYZ^[aVe#
™8dbeaZiVbZciZh^\^aaVid
ViZcjiVhiV\cV
™GZigVo^dcZVjidbVi^XV
YZ^[aVeVaadheZ\c^bZcid
YZaaÉVa^bZciVo^dcZ
™9^bbZgVjidbVi^Xd
YZaaÉ^aajb^cVo^dcZVA:9
YjgVciZaVcdiiZZajb^cdh^i|
^cXgZbZciViVY^\^dgcd#
IgVhb^hh^dcZG;eZgaV
Xdbjc^XVo^dcZigV^aeVccZaad
ZY^abdYjadY^Xdcigdaad#
™<jVgc^o^dcZY^iZcjiV gZh^hiZciZVaaÉVXfjV
™:a^b^cV^aXVWaV\\^digVaZ
hiVo^dc^Y^XdbVcYd
™9^hiVcoVY^Xdbjc^XVo^dcZ
[^cdV(%b
™GZigVo^dcZVjidbVi^XVYZ^
[aVeVaadheZ\c^bZcid YZaaÉVa^bZciVo^dcZ
™EgZhZciVjch^c\dadejahVciZ
eZgVaoVgZdVWWVhhVgZ XdciZbedgVcZVbZciZ
ijii^^[aVe
™9^bbZgVjidbVi^Xd
YZaaÉ^aajb^cVo^dcZVA:9
YjgVciZaVcdiiZZajb^cdh^i|
^cXgZbZciViVY^\^dgcd
:_ifed_X_b[WdY^[I_ij[cW79I7KJEJH?C$
DejW0 jkjj_ _ fWdd[bb_ Z_ YecWdZe B[YjhejWX iede Z_ifed_X_b_ f[h _dijWbbWp_ed_ Yed Zeff_W ijWp_ed[$ F[h kbj[h_eh_
_d\ehcWp_ed_\Wh[h_\[h_c[djeWbb[iY^[Z[j[Yd_Y^[Z[bfheZejjeeh_leb][hi_Wbh_l[dZ_jeh[f_’l_Y_deYedikbjWdZe_b
i_je0mmm$iW_c#]hekf$Yec$
*/
8dggZiidg^YÉVhhZiid
<bWf_dWbbkc_d_e
> XdggZiidg^ Y^ VhhZiid ^c aZ\V Y^ Vaajb^c^d AZXigdiVW hdcd
egd\ZiiVi^ eZg hdYY^h[VgZ aZ Zh^\ZcoZ Y^ WVgX]Z ^c Vaajb^c^d Z
hdcdjcÉdeo^dcZZXdcdb^XVeZgijiiZaZWVgX]Z#
™;VWWg^XVi^XdcjcVgZh^hiZci^hh^bVXZgc^ZgVÆcd"WgZV`Ç^c eda^egde^aZcZ
™BViZg^VaZaZ\VY^Vaajb^c^d+%%*"I*eZg^be^Z\dbVg^cd
™G^[^c^i^Zh^\^aaVi^Xdcjcg^kZhi^bZcid^cgZh^cVZedhh^Y^XV gZh^hiZciZVaaVXdggdh^dcZ
™9^hedc^W^a^Xdcb^hjgZ.Æ'(XbZ&'Ç(%Xb^cegd[dcY^i|Z
XdcaVg\]ZooZXdbegZhZigV.Æ'(XbZ)-Ç&''Xb
™9^hedc^W^a^VcX]ZXdcVaZiiZdhjeedgi^g^c[dgoVi^
<bWfYkijecf[hiedWb_ppWX_b_
DaigZV^bdYZaa^hiVcYVgY!AZXigdiVWegd\ZiiV[aVeeZghdcVa^ooVi^
Z eZg ^be^Z\]^ heZX^Va^ eZg hdYY^h[VgZ aZ heZX^[^X]Z YZa Xa^ZciZ
XdcjcVV[[^YVW^a^i|ZYjcVgdWjhiZooVhZcoVeVgV\dc^#
™;VWWg^XVi^^cVXX^V^d^cdhh^YVW^aZXdcjcVXZgc^ZgVXdci^cjV
VggdidaViVZWadXXViV!Za^b^cVcYdaVcZXZhh^i|Y^hVaYVijgZ#
™9^hedc^W^a^XdckVg^Z[^c^ijgZ/ajX^YVi^VheZXX]^d!VedakZgZ
cZgdajX^Yd!YVaVkdgVo^dcZZXdcVaigZ[^c^ijgZVg^X]^ZhiV
™GdWjhi^!gZh^hiZci^VaaVXdggdh^dcZ!^cVXX^V^d^cdmXdc
heZhhdgZ'!-%d(!&'bb
™EdhhdcdZhhZgZ^chiVaaVi^VcdY^Y^o^cXdeZgjcVjaiZg^dgZ egdiZo^dcZXdcigdaVXdggdh^dcZ
™9^hedc^W^a^XdcWdgY^e^Z\Vi^ZXVcVa^Y^g^c[dgodeZgjcV bV\\^dgZgZh^hiZcoV
™>chiVaaVo^dcZXdcViijVidgZh^c\daddYdee^d
VhZXdcYVYZaaÉ^be^Z\d#
A_jYecfb[j_
>a `^i hiVcYVgY AZXigdiVW Xdci^ZcZ/ ' ViijVidg^ XdeZgi^ YV jcV
\VgVco^V V k^iV Va^bZciVW^a^ V &'K d ')K 98 Xdc XVkd Y^
XdccZhh^dcZajc\]ZooVZmigV!'[aVeZjceVccZaadY^Xdcigdaad
VhXZaiV#
™;aVeY^hedc^W^aZ^cVXX^V^d^cdm!Vaajb^c^ddeZghdcVa^ooVid
™>`^ihiVcYVgYd[[gdcdVhXZaiV/eVccZaadÈgdX`Zghl^iX]É! eVccZaadVA:9dkVaZdeVccZaadl^gZaZhhhZcoV[^a^
™>`^ihdcdY^hedc^W^a^XdcdhZcoVVXXZhhdg^eZg^abdciV\\^d
cZaXVhdaÉ^chiVaaVo^dcZhdhi^ij^hXVfjZaaZY^VaigZbVgX]Z XdcXdbedcZci^^cXdbjcZ#
+&
> h^hiZb^ Y^ VcXdgV\\^d Xdhi^ij^hXdcd ^a XdgZ Wjh^cZhh YZaaÉVo^ZcYV cZdoZaVcYZhZ
BVmlZaaX]ZYVe^‘Y^)YZXZcc^d[[gZhdajo^dc^ZXXZaaZci^eZg^bWVgXVo^dc^YVY^edgid!
YVaVkdgdZb^a^iVg^Xdcajc\]ZooZ[^cdV.%bZig^ZdaigZ#
>bViZg^Va^^be^Z\Vi^gZcYdcd^egdYdii^gZh^hiZci^VaaÉVbW^ZciZbVg^cdZV[[^YVW^a^cZa
iZbed!Z^aYZh^\cbdYZgcdZaZ\\ZgdXdc[Zg^hXZadgdjcVheZiidZaZ\VciZ#
+)
+'
=WccWl[hh_Y[bb_
<VbbVkZgg^XZaa^
>aYZh^\cbdYjaVgZYZ^kZgg^XZaa^BVmlZaa\VgVci^hXZjc
eZg[Ziid Vaa^cZVbZcid YZaaV hXVidaV Y^ ^c\gVcV\\^!
YZaaÉVaWZgd^ciZgcdZYZ^XdbedcZci^ZhiZgc^#>aidccZ\\^d
ejŒ ZhhZgZ Vo^dcVid hZeVgViVbZciZ# >a [gZcd V [VhXZ ƒ
higjiijgVid ^c bdYd iVaZ YV \VgVci^gZ jcV eZg[ZiiV
VYZgZcoVXdbZWadXXVXViZcVZjc^bbZY^VidXdcigdaad
YZaaVkZadX^i|^cXVhdY^Y^hXZhVa^WZgVYZaaÉVcXdgV#
Ijii^ ^ bdYZaa^ hdcd Y^hedc^W^a^ ^c kZgh^dcZ V XdggZciZ
Xdci^cjV &'$') Kdai! ^c XdggZciZ VaiZgcViV ig^[VhZ ZY
^YgVja^XV#
*&&&
7
&&%bb
&&%bb
"
8
',+bb
',+bb
&)+bb
9
-(bb
-(bb
-(bb
:
',%bb
()&bb
()&bb
;
*)bb
*)bb
"
<
()&bb
'&*bb
'&*bb
9^VbZigdXViZcV/
&'!*bbXdcigVkZgh^cd
&)bbbV\a^VhiVcYVgY
*+&&
i[dpW\h[de
i[dpW\h[de
7
&(*bb
&(*bb
&(*bb
&(*bb
8
()'bb
(''bb
()'bb
(''bb
9
&&%bb
-.bb
&&%bb
-.bb
:
()*bb
()*bb
()*bb
()*bb
;
)-%bb
)-%bb
)-%bb
)-%bb
<
(*%bb
(*%bb
)()bb
)()bb
>
,&bb
,&bb
,&bb
,&bb
?
(*%bb
(*%bb
'*)bb
'*)bb
9^VbZigdXViZcV/
&)bbXdcigVkZgh^cd
&+bbbV\a^VhiVcYVgY
+(
.&&&
''&&&
<VbbVkZgg^XZaa^
,&&&
7
&*%bb
"
7
&-%bb
&-%bb
"
7
&-%bb
&-%bb
"
8
)%%bb
'*'bb
8
)-*bb
)-*bb
((&bb
8
)-*bb
)-*bb
((&bb
9
&%)bb
&%)bb
9
&'*bb
&'*bb
&'*bb
9
&'*bb
&'*bb
&'*bb
<
)+'bb
)+'bb
<
)(%bb
**(bb
**(bb
<
)(%bb
**(bb
**(bb
"
>
&&%bb
&&%bb
"
()+bb
?
)(%bb
()+bb
()+bb
>
+,bb
+,bb
>
&&%bb
&&%bb
?
'-*bb
'-*bb
?
)(%bb
()+bb
9^VbZigdXViZcV/
&+bbXdcigVkZgh^cd
&.bbbV\a^VhiVcYVgY
9^VbZigdXViZcV/
&.bbXdcigVkZgh^cd
''bbbV\a^VhiVcYVgY
9^VbZigdXViZcV/
&.bbXdcigVkZgh^cd
''bbbV\a^VhiVcYVgY
=WccWIkf[hOWY^ji
IO(,
I[h_[IO
IO)(
AV hZg^Z HN ƒ aV cjdkV a^cZV Y^
egdYdiidYZhi^cViVV^hjeZgnVX]i!
Y^hedc^W^aZ ^c kZgh^dcZ ZaZiig^XV!
ig^[VhZZ^YgVja^XV#
7
'*%bb
7
('%bb
8
*-,bb
8
,%+bb
9
&,-bb
9
'%%bb
<
).*bb
<
*-*bb
>
&'%bb
>
&.)bb
?
)'%bb
?
*&%bb
9^VbZigdXViZcV/
'+bbXdcigVkZgh^cd
('bbbV\a^VhiVcYVgY
9^VbZigdXViZcV/
('bbXdcigVkZgh^cd
(+bbbV\a^VhiVcYVgY
+)
=WccWjedd[]]_
<VbbVidccZ\\^
AVaVkdgVo^dcZYZaaVhjeZg[^X^ZZhiZgcVY^Vkkda\^bZcid
\VgVci^hXZjcVeZg[ZiiVVYZgZcoVYZaaVX^bVVaidccZ\\^d#
AVXVbeVcVejŒZhhZgZ^cWgdcodXgdbViddVXX^V^d^cdm
eZg^hjeZgnVX]i#>idccZ\\^BVmlZaahdcdY^hedc^W^a^^c
kZgh^dcZ V XdggZciZ Xdci^cjV V &'$') Kdai! XdggZciZ
VaiZgcViVig^[VhZZY^YgVja^XV#
'+&&
((&&
FWhj[cejeh[%jhW_de
7
8
>
:_c[di_ed_YWcfWdW
=
XVbeVcV XVbeVcV
bV\\^dgViV hiVcYVgY
:
:_c[di_ed_YWcfWdW
;
7
&&%bb
7
.)bb
&&%bb
8
&*(bb
8
&*%bb
&*'bb
<
&.%bb
<
&.%bb
&.%bb
>
*)bb
>
+%bb
*)bb
)&&&
*&&&
FWhj[cejeh[%jhW_de
7
8
>
=
:_c[di_ed_YWcfWdW
:
;
:_c[di_ed_YWcfWdW
7
&)%bb
7
&)*bb
8
'*.bb
8
'+%bb
<
'&*bb
<
'&*bb
>
+%bb
>
&+%bb
,&&&
.&&&
FWhj[cejeh[%jhW_de
FWhj[cejeh[%jhW_de
:_c[di_ed_YWcfWdW
XVbeVcV XVbeVcV
bV\\^dgViV hiVcYVgY
:_c[di_ed_YWcfWdW
+*
7
&-%bb
7
&-*bb
&-*bb
8
'-+bb
8
()%bb
'.%bb
<
()*bb
<
()*bb
()*bb
>
&&%bb
>
&+%bb
&&%bb
7YY[iieh_
BVmlZaaY^hedcZcdchdaiVcidY^jcV\VbbVXdbeaZiVY^kZgg^XZaa^ZidccZ\\^!bVVcX]ZYZaaÉZfj^eV\\^VbZcid
cZXZhhVg^deZgjcVcXdgV\\^dhZbea^XZZh^Xjgd#
8dcigdaadVjidbVi^XdVY^hiVcoVeZgaÉVcXdgV\\^d#
6jid6cX]dgeZgbZiiZjcVb^hjgVo^dcZYZaaVXViZcV
dX^bV$XViZcVXVaViVZVhh^XjgVjcg^Vkkda\^bZcidVjidbVi^Xd#
6jid6cX]dg*%%8/eZgijiiZaZXViZcZ
6jid6cX]dg*%%G8/eZgXdbW^cVo^dc^Y^X^bZZXViZcZ
[jco^dcVXdchdaZcd^Y^
6jid6cX]dg*%%G8M/eZgXdbW^cVo^dc^Y^X^bZZXViZcZ
Xdc^ciZggjiidgZ
™9^heaVnVXg^hiVaa^a^fj^Y^
™9^V\cdh^ZaZiigdc^XVZhZggVijgVY^h^XjgZooV
™B^hjgVo^dcZ^cbZig^de^ZY^
™HZbea^XZ^chiVaaVo^dcZ
™9^heaVngZigd"^aajb^cVideZgjhdcdiijgcd
™GZ\daVo^dc^hVakViZVcX]Z^cXVhdY^heZ\c^bZcid^begdkk^hd
dXVg^XV^chj[[^X^ZciZYZaaVWViiZg^V
6XXZhhdg^
FkbiWdj_[hWYedjWc[jh_7kje7dY^ehi[h_[+&&
J[b[YecWdZeWZ_ijWdpW
>ciZggjiidgZje$YdlcY^[VX^aZjhd!^chiVaaVidhjaeVccZaad
eZgVo^dcVgZ^akZgg^XZaadY^gZiiVbZciZYVaaVXVW^cV
dYVaaZVaigZedhiVo^dc^#
™BViZg^Va^VYVii^eZgVbW^Zci^bVg^c^
™>beZgbZVW^a^ooVid
™8dchZ\cVaVidgZediZcoVZgZigd^aajb^cVo^dcZ
™6YViideZghdaZcd^Y^VYdee^VY^gZo^dcZ&'d')K
J[b[YecWdZeYedYWle
™ÝXdbedhidYVjcV
ejahVci^ZgVViZcjiVhiV\cV
XdciVhi^dc$d[[ZhVa^hXZcY^
™8dbeaZidY^egZhV
Y^XdccZhh^dcZ
™9^hedc^W^aZXdcXVkd
ZhiZch^W^aZ^cYjZ
ajc\]ZooZ/)d.b
™6a^bZciVo^dcZ&'d')Kdai
?dj[hhkjjeh[Z_b_d[W
Ieb[de_Z_X_Z_h[p_edWb_
™A:9Y^h^XjgZooVVXXZhd
fjVcYd^akZgg^XZaadcdc
k^ZcZji^a^ooVid
™Edhh^W^a^i|Y^^hdaVgZ
aVWViiZg^V!daVhdg\ZciZ
ZaZiig^XV!fjVcYd
^akZgg^XZaadcdck^ZcZ ji^a^ooVid
™6YViideZgijii^^h^hiZb^
V&'d')K
HdaZcd^Y^ ^ciZg[VXX^VW^a^ Xdc
iZaZXdbVcYd V Y^hiVcoV 6jid
6cX]dg*%%8$G8Z$dejahVci^
VeZYVaZ#
™HdaZcd^Y^VZaZkViZ
egZhiVo^dc^bVm#'%%6be
™9^hedc^W^a^^c&'d')K
™8dciZc^idgZh^\^aaVid
Z^beZgbZVW^a^ooVid
FkbiWdj[Wf[ZWb[
> ejahVci^ V eZYVaZ BVmlZaa hdcd YdiVi^ Y^ jc
Y^V[gVbbV^beZgbZVW^aZXdcjcXdeZgX]^d^cVXX^V^d
^cdmd^ceaVhi^XV#
™>XdciVii^ZaZiig^X^c^X]ZaVi^Vhh^XjgVcdjc
[jco^dcVbZcidV[[^YVW^aZZhZcoVXdggdh^dc^
++
;ZgbVXViZcV"IZcY^XViZcV
<[hcWYWj[dW
J[dZ_YWj[dW
IZcY^XViZcVVgjaa^XdckdaVci^cdGHI
IZcY^XViZcVXdckdaVci^cdHI
J[dZ_jeh[
&+bb &,!*bb &.bb '%!*bb ''bb
')bb
('bb
8
',%bb
&%*$-ÈÉ
',%bb
&%*$-ÈÉ
(+%bb
&)($&+ÈÉ
(+%bb
&)($&+ÈÉ
(+%bb
&)($&+ÈÉ
)&%bb
&+&$-ÈÉ
*)(bb
'&($-ÈÉ
9
('bb
&&$)ÈÉ
('bb
&&$)ÈÉ
+%bb
'($-ÈÉ
+%bb
'($-ÈÉ
+%bb
'($-ÈÉ
+%bb
'($-ÈÉ
,%bb
'&($&+ÈÉ
:
&%,bb
)($&+ÈÉ
&%,bb
)($&+ÈÉ
&)%bb
*&$'ÈÉ
&*%bb
*,$-ÈÉ
&*%bb
*,$-ÈÉ
&+%bb
+*$&+ÈÉ
''+bb
-&*$&+ÈÉ
;
*)%bb
'&&$)ÈÉ
*)%bb
'&&$)ÈÉ
+)%bb ,&%bb ,&%bb ,*%bb
'*($&+ÈÉ ',&*$&+ÈÉ ',&*$&+ÈÉ '.&$'ÈÉ
&%%%bb
(.($-ÈÉ
<
('%bb
&'*$-ÈÉ
('%bb (-%bb (-%bb (-%bb (-%bb *%%bb
&'*$-ÈÉ &)&*$&+ÈÉ &)&*$&+ÈÉ &)&*$&+ÈÉ &)&*$&+ÈÉ &.&&$&+ÈÉ
=
&%*bb
)&$-ÈÉ
&%*bb
)&$-ÈÉ
='
**bb
'($&+ÈÉ
**bb
'($&+ÈÉ
?
&(*bb
**$&+ÈÉ
@
),bb
&,$-ÈÉ
.*bb
(($)ÈÉ
.*bb
(($)ÈÉ
.*bb
(($)ÈÉ
.*bb
(($)ÈÉ
&%%bb
(&*$&+ÈÉ
),#*bb )*#*bb ),#*bb
&,$-ÈÉ
&,$-ÈÉ
&,$-ÈÉ
)*#*bb
&,$-ÈÉ
*%bb
'ÈÉ
&*-bb
+&$)ÈÉ
&.+bb
,&&$&+ÈÉ
'%'bb
,&*$&+ÈÉ
'%'bb
,&*$&+È
'&*bb
-,$&+ÈÉ
'.%bb
&&,$&+ÈÉ
**bb
'($&+È
*-bb
'*$&+ÈÉ
+*bb
'.$&+ÈÉ
+*bb
'.$&+ÈÉ
,*bb
'&*$&+ÈÉ
&%%bb
(&*$&+ÈÉ
@'
')#*bb '-#*bb
&*$&+ÈÉ
&&$-ÈÉ
)%bb
&.$&+ÈÉ
)'#*bb )'#*bb )'#*bb
&&&$&+ÈÉ &&&$&+ÈÉ &&&$&+ÈÉ
**bb
'($&+ÈÉ
B
&(*bb
**$&+È
&-*bb
,*$&+ÈÉ
&-*bb
,*$&+ÈÉ
&-*bb
,*$&+ÈÉ
&-*bb
,*$&+ÈÉ
&-*bb
,*$&+ÈÉ
&,,bb
,ÈÉ
C
B&+
B'%
B'%
B'%
B'%
B'%
B'%
D
)*(bb )-%bb
&,&($&+ÈÉ &-,$-ÈÉ
)-%bb
&-,$-ÈÉ
)-%bb
&-,$-ÈÉ
)-%bb
&-,$-ÈÉ
+'%bb
'),$&+ÈÉ
*&%bb
'%&$-ÈÉ
F
&,%bb
+&&$&+ÈÉ
&,%bb
+&&$&+ÈÉ
''%bb
-&&$&+ÈÉ
''%bb
-&&$&+ÈÉ
''%bb
-&&$&+ÈÉ
''%bb
-&&$&+ÈÉ
'-%bb
&&&$&+ÈÉ
f[ie
HIJ
()`\
,*aW
),`\
&%(aW
&%+`\
'((aW
&&-`\
'+%aW
&&.`\
'+'aW
&(,`\
(%&aW
',&`\
*.,aW
f[ie
IJ
')`\
*(aW
"
"
+-`\
&*%aW
,&`\
&*+aW
,&`\
&*+aW
"
"
"
"
;i[cf_Z_Wffb_YWp_ed[
<gjeed[ZgbVXViZcVZiZcY^XViZcV
^cVXX^V^d^cdmeZghjeZgnVX]i#
+,
CZa&.-(GVXdg]VWgZkZiiVidjcegdXZY^bZcidiZXcdad\^XdZhXajh^kdeZghZeVgVgZ
Z[^aigVgZaÉVXfjVZ^XdciVb^cVci^hda^Y^YZaaVcV[iV#
<gVo^Z Va Xdci^cjd eZg[Zo^dcVbZcid! VaaZ egZhiVo^dc^ Z VaaV fjVa^i| YZ^ egdeg^ egdYdii^!
EVg`ZgGVXdgXdci^cjVVYZhhZgZ^aaZVYZgY^jchZiidgZhZbegZe^‘XdbeZi^i^kd#
>a [^aigd GVXdg egdiZ\\Z ^ XdbedcZci^ ^bedgiVci^ YZa kdhigd bdidgZ YV XdciVb^cVci^
fjVa^edakZgZ!gj\\^cZ!Va\]ZZ!^ceVgi^XdaVgbdYd!YVaaÉVXfjVegZhZciZcZa\Vhda^d#
+-
<_bjh_i[fWhWjeh_ecebe]Wj_H?D7
9^hedc^W^a^eZgVeea^XVo^dc^bVg^cZXdc^ag^[Zg^bZcidB6ZeZgVeea^XVo^dc^^cYjhig^Va^Xdc^ag^[Zg^bZcid;=#
AÉjhdYZa[^aigdhZeVgVidgZGVXdgZa^b^cVidiVabZciZaÉVXfjVZ^XdciVb^cVci^hda^Y^Xdc^hZ\jZci^kVciV\\^/
™;^aig^hZeVgVidg^dbdad\Vi^G>C6
;^aig^ijgW^cZ
™:a^b^cVo^dcZidiVaZYZaaÉVXfjVZYZ^XdciVb^cVci^hda^Y^
™B^cdgjhjgVYZaaVedbeVZYZ\a^^c^Ziidg^
™B^\a^dgZXdbWjhi^dcZ
™<VhY^hXVg^Xde^‘eja^i^
9WhjkYY[HWYeh7gkWXbeY
™B^cdgZbVcjiZco^dcZ
™;VX^aZ^chiVaaVo^dcZ
™BViZg^VaZVci^Xdggdh^kdZVci^gj\\^cZ
™7dXXZiiVbZiVaa^XVeVgV[^VbbVdeo^dcVaZ
CeZ[bbe
)#<_bjhWp_ed[
+&&
/&&
'&&&
'B^Xgdch
'%&%HB"DG
'%)%HB"DG
'%'%HB"DG
&%B^Xgdch
'%&%IB"DG
'%)%HB"DG
'%'%HB"DG
(%B^Xgdch
'%&%EB"DG
'%)%HB"DG
'%'%HB"DG
)
)
(#9eWb[iY[dpW
(
(
'
'#I[fWhWp_ed[
+.
'&&&C7
-)%'&&&C7#-+%'&&&C7
;^aig^ijgW^cZ
+&&C7
+&&C7
6aiZooV
AVg\]ZooV
Egd[dcY^i|
EdgiViV
EZhd
bb'.'
bb&),
bb&''
ae]'',
`\#&!,
/&&C7
/&&C7
6aiZooV
AVg\]ZooV
Egd[dcY^i|
EdgiViV
EZhd
'&&&C7
6aiZooV
AVg\]ZooV
Egd[dcY^i|
EdgiViV
EZhd
bb**.
bb&*'
bb&,ae],*%
`\#)!*
-+%+&&C7#-+%/&&C7
bb)('
bb&*'
bb&,ae]()&
`\#'!,
-+%+&&C7
bb'.'
6aiZooV
bb(+AVg\]ZooV
bb')&
Egd[dcY^i|
ae])*)
EdgiViV
@\#,!,
EZhd
-+%/&&C78dckVakdaZY^hZaZo^dcZ
bb)('
6aiZooV
bb),+
AVg\]ZooV
bb',.
Egd[dcY^i|
ae]+-&
EdgiViV
@\#&%!)
EZhd
-)%'&&&C7
6aiZooV
bb**.
AVg\]ZooV
bb)('
Egd[dcY^i
bb(%*
EdgiViV
ae]&*%%
EZhd
`\#&&!-+%'&&&C78dckVakdaZY^hZaZo^dcZ
6aiZooV
bb**.
AVg\]ZooV
bb),+
Egd[dcY^i|
bb',.
EdgiViV
ae]&*%%
EZhd
@\#&)
--%'&&&C7#-/%'&&&C7
--%'&&&C7
bb**.
6aiZooV
bb*)+
AVg\]ZooV
bb(%*
Egd[dcY^i|
ae]''*%
EdgiViV
@\#&(!+
EZhd
-/%'&&&C78dckVakdaZY^hZaZo^dcZ
bb**.
6aiZooV
bb*).
AVg\]ZooV
bb(%%
Egd[dcY^i|
ae]''*%
EdgiViV
@\#'(!+
EZhd
'&&&C7C
6aiZooV
AVg\]ZooV
Egd[dcY^i|
EdgiViV
EZhd
bb**.
bb&*'
bb&,ae]+-&
`\#,!,
+/
''&7#,'(&
;VX^a^ YV ^chiVaaVgZ Z VcXdgV e^‘ [VX^a^ YV jhVgZ# 6YViiVW^a^ V bdciV\\^ heZX^[^X^ Xdc
ZaZbZci^[^aigVci^Z`^ideo^dcVa^eZg[Vg[gdciZVd\c^i^edY^Veea^XVo^dcZ#
;^aig^HZeVgVidg^
™AÉ^chiVaaVo^dcZY^jc[^aigd$hZeVgVidgZHe^c"dcXdcg^hXVaYVidgZ^cXdgedgVid \VgVci^hXZ^aXdggZiid[jco^dcVbZcidZaÉdii^b^ooVo^dcZYZ^iZbe^Y^Vkk^d
VcX]Z^cXa^b^[gZYY^
™;VX^aZhdhi^ijo^dcZY^jc[^aigdhZeVgVidgZXdcWdXXZiiVigVheVgZciZ
ZXdcXVgijXX^V6XfjVWadX
™>chiVaaVo^dcZ[VX^a^iViV\gVo^ZVaaZiZhiViZXdcViiVXX]^bjai^ea^egZhZci^
hjijii^^bdYZaa^
™6g^X]^ZhiVY^hedc^W^aZaVWdXXZiiVbZiVaa^XVeZgbdYZaa^VWZco^cVZeZgbdidg^
X]ZaVkdgVcd^ch^ijVo^dc^\gVkdhZZheZX^Va^
™H^]V^cdaigZaVedhh^W^a^i|Y^^chiVaaVgZjciZgbdhiVidVgZh^hiZcoVZaZiig^XVZEI8
eZgegZkZc^gZ^a[ZcdbZcdeVgV[[^cVYZaXVgWjgVciZ#6aXjc^bdYZaa^eZgbZiidcd!
\gVo^ZVjcVXdbW^cVo^dcZYg^hXVaYVidg^!Y^[VX^a^iVgZaVeVgiZcoVZbVciZcZgZ^c
[jco^dcZ^abdidgZ^cXa^b^[gZYY^
9WhjkYY[
AZXVgijXXZGVXdghdcdegdYdiiZXdcaÉZaZbZcid[^aigVciZ6fjVWadXXdch^hiZciZ^cjcVXVgiVY^Vai^hh^bVfjVa^i|
^begZ\cViVXdcgZh^cZVhhdX^ViZVYjcdheZX^VaZigViiVbZcidX]^b^Xd#AÉVXfjVcdcg^ZhXZVeVhhVgZViigVkZghd
aVXVgijXX^V/6fjVWadXaVgZeZaaZ#
:h^hidcdigZY^[[ZgZci^\gVYVo^dc^Y^[^aigVo^dcZg^XdcdhX^W^a^VcX]ZYVaXdadgZYZaaVXVgijXX^VZYVaaVh^\aV/
™BVggdcZH'b^Xgdc
™7ajI&%b^Xgdc
™GdhhdE(%b^Xgdc
CeZ[bbe
EdgiViVbVhh^bV&
''&7
*,ae]&*\e]Y^ZhZa
,'(&
)*)ae]&'%\e]
&('ae](*\e]WZco^cV
:cigVbW^
:cigVbW^
>chiVaaVo^dcZ^cVhe^gVo^dcZ
H^
H^
>chiVaaVo^dcZ^cbVcYViV
H^
H^
7Zco^cV$9^ZhZa'
&%b^Xgdc
EgZhh^dcZbVhh^bV7Vg(
+#.
&#%(
8VYjiVY^egZhh^dcZV[^aigdeja^id"7Vg
%#%&
%#%')
)
,
&)bb"&$)CEI;
&+bb"($-CEI;
EdbeVY^VYZhXVbZcidXdbeaZiV)
Cd
Cd
8VgijXX^VY^g^XVbW^d*
G&&
G&'%
7dXXZiiVigVheVgZciZ
Cd
H^
Cd#Y^ViiVXX]^
9^bZch^dcZViiVXXd
HiY
Cd
IVeedY^hXVg^Xd
6h[^VidVjidbVi^Xd
HZchdgZeZgVXfjV"deo^dcZ+
H^
H^
G^hXVaYVidgZZaZiig^Xd"deo^dcZ+
Cd
H^
6aiZooVbb
&*'
(*.
AVg\]ZooVbb
-&
&&)
-&
&&)
%#*.
&#-
7dXXZiiVbZiVaa^XV&
'b^Xgdc
(%b^Xgdc
I^edY^YgZcV\\^d
Egd[dcY^i|bb
EZhd`\
GVXdg]VhijY^VidVcX]ZVeedh^iZ\jVgc^o^dc^eZg\VgVci^gZaVb^\a^dgiZcjiV#Cdch^igViiVY^\jVgc^o^dc^fjVajcfjZbV
Veedh^iVbZciZegd\ZiiViZeZgVhh^XjgVgZX]Z^a[^aigdaVkdg^hZbegZXdggZiiVbZciZ#
,&
B_\[]kWhZ
H_\[h_c[dje
B=+&
B='&&
6eea^XVo^dc^
7Zco^cV
<Vhda^ddWZco^cV
9^bZch^dc^
9^Vb#)*"=&*'
9^Vb#.*"=')-
EdgiViVVg^V
'%b($]&%'bb
'-b($]
[^cdV'!)EH>
[^cdV'!)EH>
*$-Ç
*$-Ç
IVgVijgVkVakdaV
6iiVXX]^
;^aig^HZeVgVidg^
I[fWhWjeh[ Wh_W%YWhXkhWdj[" [b_c_dW b[ Yeijei[ [ ZWddei[ \keh_kiY_j[ Z_ YWhXkhWdj[
ZW]b_ i\e]^_ ZÊWh_W" Wb cec[dje Z[b h_\ehd_c[dje$ 8dcYZchV aV hX]^jbV XVjhViV cZa
\Vhda^d Va bdbZcid YZa g^Zbe^bZcid YZ^ hZgWVid^! aV g^edgiV Vaad hiVid a^fj^Yd
g^XdcYjXZcYdaV V^ hZgWVid^ hiZhh^! eZgbZiiZcYd VaaÉVg^V Y^ h[d\VgZ a^WZgVbZciZ# AV
[jdg^jhX^iVY^XVgWjgVciZcdcƒhdadXdhidhV!bVZhigZbVbZciZYVccdhVeZgbVg^!aV\]^!
[^jb^!ZYd\c^XdghdYÉVXfjV#Jc\ZhidgZhedchVW^aZkZghdaVcVijgVX]ZX^X^gXdcYV#
9hWdaYWi[
™HigjiijgVgZh^hiZciZ
™>chiVaaVo^dcZ[VX^a^iViV
™:aZbZcid[^aigVciZhdhi^ij^W^aZ
™8dciZc^idgZgVXXdaiVda^dg^bdk^W^aZ
>aegdWaZbVVbW^ZciVaZg^\jVgYVciZaZZb^hh^dc^YZ^bdidg^VXdbWjhi^dcZ^ciZgcVƒ
VjbZciVid h^\c^[^XVi^kVbZciZ cZ\a^ jai^b^ Y^ZX^ Vcc^# EZg g^YjggZ jaiZg^dgbZciZ aZ
Zb^hh^dc^YZ^bdidg^ƒY^kZcjidhZbegZe^‘cZXZhhVg^dX]^jYZgZ^ah^hiZbVY^h[^VidYZa
WadXXdbdidgZ!Xdckd\a^VcYd^\Vh^cjch^hiZbVY^Vhe^gVo^dcZYZaaÉVg^V#
AÉZ[[Ziid 7adl"Wn YZ^ bdidg^ V XdbWjhi^dcZ ^ciZgcV h^ kZg^[^XV fjVcYd! V XVjhV YZa
XVadgZ egdYdiid YVaaV XdbWjhi^dcZ cZ^ X^a^cYg^! aÉda^d ajWg^[^XVciZ kVedg^ooV Z k^ZcZ
h[^ViVidcZaaÉVbW^ZciZX^gXdhiVciZ#
>aXgVc`XVhZXdckd\a^V^\VhdaZdh^^cjch^hiZbVY^[^aigVo^dcZYZaaÉVg^VXdcYZchVcYdZ
[^aigVcYd^kVedg^YÉda^d[VXZcYda^g^idgcVgZcZaaVXdeeVYZabdidgZ#
9hWdaYWi[9Lf[hi_ij[c_Wf[hj_
H_\[h_c[dje
9L.(&
9L'&&&
9^VbZigd
&*'bb
'%,bb
6aiZooV
&.'bb
'&*bb
%!.`\
&!)`\
&%'bb
&%'bb
EZhd
HeVo^deZghdhi^ijo^dcZXVgijXX^V
6aajb^c^dVcdY^ooVidhigjiijgV^cVXX^V^d&-"-
8dgedYZa[^aigd
:cigViV
&ÉÉ[Zbb^cVCEI
&"&$)ÉÉ[Zbb^cVCEI
JhX^iV
&ÉÉ[Zbb^cVCEI
&"&$)ÉÉ[Zbb^cVCEI
%Ä(*%]e,*"'+%`L
(*%Ä+%%]e'+%")*%`L
EdiZcoV
EdgiViVbVhh^bV
'-(aeb
)'*aeb
@^ig^eVgVo^dcZ
8K-'%H@
8K&%%%H@
9hWdaYWi[9Lf[hi_ij[c_Y^_ki_
H_\[h_c[dje
99L*+&&
99L,&&&
99L.&&&
6aiZooV
'(*bb
(%)!-bb
(*'!+bb
9^bZch^dcZbVhh^bV
&.%!*bb
'-+!-bb
((+!+bb
Egd[dcY^i|
&)'!'bb
&-*!)bb
'(+!'bb
&!)-`\
'!'-`\
(!.+`\
*,!'bb
&%&!+bb
&',bb
EZhd
heVo^deZghdhi#XVgijXX^V
G^[#XVgijXX^V$bZY^VYZch^i|$bZY^V
88K**')-"%+
88K**',)"%+
88K**'''"%+
G^[#XVgijXX^V$bZY^VYZch^i|$VaiV
88K**')-"%-
88K**',)"%-
88K**'''"%-
BViZg^VaZ
9^VbZigdZcigViVZjhX^iV
EdgiViVbVhh^bV
GZ\daVidgZY^egZhh^dcZ
IZhiViVYÉVaajb^c^degZhhd"[jhV8dged[^aigd^cVXX^V^d
&($&+ÉÉÄ&'H6:
&*$-ÉÉÄ&'H6:
&,$-ÉÉÄ&'H6:
'-(aeb
*++aeb
&&('aeb
H‡
H‡
H‡
>cXdgedgViddVY^hiVcoV
>cY^XVidgZ^ciVhVbZcid
&$)ÈÉCEI
&$)ÈÉCEI
&$)ÈÉCEI
6YViiVidgZ\^gZkdaZ
+eo#
+eo#
-eo#
9^VbZigdijWdYgZcV\\^d
#(,*ÉÉ
#(,*É
#*ÉÉ
KVakdaVY^cdcg^idgcd
,'
:aZiigdkVakdaV
7^a\ZlViZgBZbWgVcZHZeVgVidg"7BH
8_b][mWj[hC[cXhWd[I[fWhWjeh8CI
,(
>a 7BH ƒ jc hZeVgVidgZ da^d"VXfjV X]Z h^ VkkVaZ YZaaÉVkVcoViV iZXcdad\^V Y^ EVg`Zg eZg aV g^bdo^dcZ Y^ da^d
Zbjah^dcVid Z a^WZgd# EgdYjXZ jc gZ[ajd Xdc jc iZcdgZ Y^ da^d cdc hjeZg^dgZ V * eeb# >a 7BH ]V diiZcjid ^a
8Zgi^[^XVid Y^ 6eegdkVo^dcZ JH8< c# &+'#%*%$.&%'$%! X]Z XZgi^[^XV ^a g^heZiid YZaaV cdgbVi^kV VbZg^XVcV Y^
Xdc[dgb^i|)+8;G&+'#%*%#8dhi^ij^idYVjcVkVcoVidh^hiZbVVigZ[Vh^X]Zh^VkkVaZY^jcVbZbWgVcVGVXdg
KBI!Y^hZ\cViVheZX^[^XViVbZciZeZg^aigViiVbZcidYZaaÉVXfjVY^hZci^cVZ^c\gVYdY^dii^b^ooVgZaVhZeVgVo^dcZ
Z aV g^bdo^dcZ Y^ da^ Zbjah^dcVi^ Z a^WZg^! ^a 7BH ƒ gZVa^ooVid ^c bViZg^Va^ gZh^hiZci^ VaaV Xdggdh^dcZ! ]V jc
[jco^dcVbZcidh^aZco^dhd!ƒXdc[dgbZV^Xdcigdaa^Y^g^aZkVo^dcZ>BDZYƒXdbeaZiVbZciZVjidbVi^ooVid#
;b[jjhelWblebW
™
™
™
EZg^be^Z\dXdc\Vhda^dZWZco^cV
;jco^dcVbZcid^c^ciZggdiid
YZabdidgZYjgcViZaV[VhZY^hZaZo^dcZhZgWVid^d
6g^X]^ZhiVhdcdY^hedc^W^a^\a^hX]Zb^
eZg^XdaaZ\VbZci^ZaZiig^XdZ[aj^Y^Xd
bdidgZZhZgWVid^
CdiVeZg^hjd^gdWjhi^ZV[[^YVW^a^bdidg^ZaZiig^X^!aVcdgkZ\ZhZHaZ^ecZgBdidghegdYjXZ
^cXVhVaZZa^X]ZY^bVcdkgVH^YZEdlZg#AÉ^beZ\cdcZaaVg^XZgXVYZaaVfjVa^i|ZYZaad
hk^ajeed Y^ egdYdii^ hZbegZ ^ccdkVi^k^ ]V gZhd aZ Za^X]Z H^YZ EdlZg jc ejcid Y^
g^[Zg^bZcid eZg aÉ^cYjhig^V cVji^XV# HXZaiZ YV^ b^\a^dg^ XVci^Zg^ Y^ ijiid ^a bdcYd! aZ
Za^X]ZH^YZEdlZghdcdhZbegZe^‘VeegZooViZcZaaÉV[iZg"bVg`ZieZgaVadgdeZg[dgbVcXZ!
aVadgdV[[^YVW^a^i|ZaVhZbea^X^i|Y^^chiVaaVo^dcZ#H^YZEdlZgd[[gZjcV\VbbVY^Za^X]Z
Y^egjVZY^edeeVeZghXV[^VkZaVZVbdidgZYV+V))bZig^#
,)
:a^X]ZY^bVcdkgVZaZiig^X]Z
I[h_[I;
CeZ[bbe
He^ciVV&%#*K$'&K`\#
He^ciVV&'K$')K`\#
Ajc\]ZooV^bWVgXVo^dcZe^ZY^
Ajc\]ZooV^bWVgXVo^dcZb
I;)&%'(+I
I;*&%'(+I
I;,&%'.+I
I;.&%'.+I
I;'&&%'.+J
I;'(&%('+J
(%
)%
+%
-%
&%%
&'%
)%
)-
,(
.+
&&+
&(.
'%É"'-É
'+É"()É
'.É"(-É
(*É")-É
(*É"**É
)'É"+%É
+"-#*
-"&%#*
."&'
&%"&*
&'"&,
&-*
&("&-
&'*
&'*
&-*
&-*
I^edZa^XV
H^c\daV
H^c\daV
H^c\daV
9dee^V
9dee^V
9dee^V
EdiZcoVV&%#*K$'&K`L$=e
&#*$'
'#'$(
(#&$)
)#)$+
+#($-#)
+#)$-#**
KdaiV\\^dKYX
&'
&'
&'™')
&'™')
&'™')
')
EZhd`\#
.#*
&%
&+
'%
(&
()
9^VbZigd^ciZgcdijccZabb
'&*
HX]ZYViZXc^XV
IjiiZ aZ Za^X]Z H^YZ EdlZg egZcYdcd ^a cdbZ YZa bdYZaad Z aV he^ciV Y^X]^VgViV YVaaV egZhiVo^dcZ Z[[Zii^kV X]Z X^ h^ ejŒ
VheZiiVgZYVjcVWVgXV!XdcaViZch^dcZX]ZjcVcdgbVaZ^chiVaaVo^dcZ[dgc^g|VaaÉZa^XV#HeZhhdh^dii^ZcZeZg[^cdjcVbV\\^dgZ
eZg[dgbVcXZXdcaZkZgh^dc^V')K!bVVWW^VbdegZ[Zg^idg^edgiVgZjcVeZg[dgbVcXZcZiiVV&%#*K#HZ[ViZ^aeVgV\dcZXdc
Za^X]ZY^VaigZbVgX]Z\jVgYViZk^YV^\^dX]^Y^cdbZZegZiZcYZiZYZhXg^o^dc^YZiiV\a^ViZhj^YVi^ediZcoVZhe^ciV#
>cY^XVaZajc\]ZooZe^‘Y^[[jhZeZgfjZabdYZaad#EZgbV\\^dg^^c[dgbVo^dc^hjaY^bZch^dcVbZcidYZaaZZa^X]ZXdchjaiVgZjc
G^kZcY^idgZH^YZEdlZgeZgZhhZgZXZgi^Y^VXfj^hiVgZjcÉZa^XVXdggZiiVbZciZY^bZch^dcViVeZgaVkdhigVWVgXV#
B[][dZW
CjdkZZa^X]ZV*eVaZXdchV\dbVijgVheZX^VaZ!egd\ZiiViZheZX^[^XVbZciZeZgjcVg^Yjo^dcZ
YZagjbdgZ[^cdVa,*!b^\a^dgVcYdaÉZ[[^X^ZcoVYZaaVegZXZYZciZkZgh^dcZV)eVaZ#
IjiiZ aZ Za^X]Z Y^ bVcdkgV ZaZiig^X]Z H^YZ EdlZg hdcd YdiViZ YZaaÉ^ccdkVi^kV [jco^dcZ
>ciZaa^\ZciEdlZg8dcigda>E8X]Z^ciZgk^ZcZVjidbVi^XVbZciZYjgVciZ\a^^cXdckZc^Zci^
e^‘Xdbjc^VhhdX^Vi^VaaZZa^X]ZY^bVcdkgVZaZiig^X]Z
™G^YjXZiZaÉjhjgVYZahdaZcd^YZZ^ag^hX]^dY^[jh^dcZYZ^XdciVii^Y^ediZcoVXdcjc
Xdci^cjdbdc^idgV\\^dYZ^hdaZcd^Y^
™>cXVhdY^[jh^dcZYZ^XdciVii^!aV[jco^dcZ>E8WadXX]Zg|aÉVa^bZciVo^dcZYZaaÉZa^XV
> e^ZY^ Za^XV YZaaV bV\\^dg eVgiZ YZaaZ Za^X]Z ZaZiig^X]Z H^YZ"EdlZg hdcd ^hdaVi^
\VakVc^XVbZciZYVabdidgZZaZiig^XdZYVaaVhiV[[VbdidgZ#
6^ [^c^ Y^ jcÉ^chiVaaVo^dcZ V[[^YVW^aZ Z h^XjgV XdbZ Za^XV Y^ edeeV d hj ^bWVgXVo^dc^ Xdc
bdidgZ V WZco^cV H^YZ"EdlZg d[[gZ jcV a^cZV Y^ Za^X]Z Y^ bVcdkgV Xdc egdiZo^dcZ
Vci^[^VbbVhiV\cV>HD--)+Zjchda^Yd^ckdajXgdVX]^jhjgVZgbZi^XVX]ZgVXX]^jYZijii^
^XdbedcZci^ZaZiig^X^#
,*
:a^X]ZY^bVcdkgVZaZiig^X]Z
I;')&%(+&J
I;'+&%('+J
I;'-&%(+&J9
I;('&%(+&J9
I;(*&%)&&J9
I;(.+%)&&J9
&(%
&*%
&,%
'&%
')%
'-*
&+%
&-'
'&%
'*%
(%%
()%
)'É"+'É
))É"+)É
*%É",%É
**É",-É
+%É"-)É
,)É"&%%É
&("&.
'*%
&)"'%
&*"''
&,"')
&-"'*
''"(%
'&*
'*%
'*%
(%%
(%%
9dee^VXdcigdgdiVciZ
9dee^V
9dee^V
9dee^VXdcigdgdiVciZ
9dee^VXdcigdgdiVciZ
9dee^VXdcigdgdiVciZ
+#*™-#,
-#-™&&#-
-™&%#,
&%™&(#&*
&&#)™&*#*
&*™'%
&'™')
')
')
')
')
)-`^i')K^cXa#
(,
(-
))
+-
,%
,(
B[][dZW
AZhXVidaZ^c\gVcV\\^hdcdbVciZcjiZVWV\cdYÉda^d\gVo^ZVjchZgWVid^dgZbdidedhid
hdegV aV a^cZV Y^ \VaaZ\\^VbZcid! \ZcZgVcYd Xdh‡ hdkgVeegZhh^dcZ Z fj^cY^ jc eZg[Ziid
h^\^aadXdcigdaÉ^c[^aigVo^dcZYZaaÉVXfjVcZae^ZYZ#
>e^ZY^Za^XVhdcdh^\^aaVi^XdciZcjiVÆbZXXVc^XVÇY^ajc\VYjgViV^cXVgWdc^dZXZgVb^XV
Vhh^XjgVcYd \a^ ^c\gVcV\\^ V WV\cd YÉda^d Xdcigd YVccdh^ ^c[^aigVo^dc^ YÉVXfjV# E^ZYZ
egZg^Zbe^idXdcjcdheZX^VaZajWg^[^XVidgZeZgjcVYjgViVVk^iV#
JcV h^c\daV Za^XV XdggZiiVbZciZ egd\ZiiViV gVeegZhZciV ^a egdejahdgZ ZcZg\Zi^XVbZciZ
e^‘Z[[^X^ZciZ#<gVo^ZVaXdbeViidYZh^\cejŒZhhZgZV\ZkdabZciZ^chiVaaViVVcX]Z^c\Vkdc^
higZii^!g^hjaiVcYdaVhdajo^dcZ^YZVaZeZg^cdhig^bdYZaa^e^‘e^XXda^#
8dcdaigZ&%#%%%bdYZaa^^cjhd^cijiid^abdcYd!^ah^hiZbVH^YZEdlZgVZa^XVh^c\daV]V
Y^bdhigVidaVhjVV[[^YVW^a^i|#
6eVg^i|Y^Y^VbZigdYZaijccZa^ah^hiZbVVYjZZa^X]ZXgZVjcVbV\\^dgZhe^ciVX]Zcdcjc
h^hiZbVVYZa^XVh^c\daV#FjZhiVƒaVcdhigVhXZaiVeZg^bdYZaa^bZY^X]Zg^X]^ZYdcdjcV
he^ciVZaZkViVZjcijccZaY^Y^VbZigdg^Ydiid#<gVo^ZVaadgdXdbeViidYZh^\cZVaaZadgd
VaiZegZhiVo^dc^^bdYZaa^VYjZZa^X]ZhdcdY^kZciVi^^egdejahdg^Y^eg^bVhXZaiVYZ^XVci^Zg^
cVji^X^^cijiid^abdcYd#
9jZ Za^X]Z XdcigdgdiVci^ YVccd aV bVhh^bV he^ciV Xdc ^a b^\a^dg gVeedgid egZhiVo^dcZ$
Y^VbZigd ijccZa# FjZhid h^hiZbV k^ZcZ ji^a^ooVid eZg aZ cdhigZ Za^X]Z e^‘ \gVcY^ eZg
diiZcZgZaVbVhh^bVediZcoV#>bdYZaa^I8hdcdegZ[Zg^i^YV^e^‘^bedgiVci^XVci^Zg^cVji^X^
eZg^adgdnVX]iY^Vaida^kZaad#>abdYZaadH:'-*$(%%I8ƒjcVaiZgcVi^kVZXdcdb^XVbZciZ
^ciZgZhhVciZVaaZZa^X]ZY^bVcdkgV^YgVja^X]Z#
,+
:a^X]ZY^bVcdkgV^YgVja^X]Z
I[h_[I>
CeZ[bbe
I>'&&%'.+J
I>',&%('+J
I>(*&%(+&J9
I>)&&%)&&J9
&%%
&+%
')%
(%%
."&+™(%"()
&&"&.™(*"+'
&("'(™)'",*
&,"(&™**"&%%
&-*
'&*
'*%
(%%
He^ciV[^cdV`\#
Ajc\]ZooV^bWVgXVo^dcZb™e^ZY^
9^VbZigd^ciZgcdijccZabb
9dee^V
I^edZa^XV
9dee^V
9dee^VXdcigdgdiVciZ
9dee^VXdcigdgdiVciZ
EdiZcoVV^YgVja^XV`L™=e
-#'™&&#%
&(#&™&,#*
&,#,™'(#,
'%#+™',#+
EdiZcoVVaaÉZa^XV`L™=e
+#.™.#(
&&#%™&)#-
&)#.™'%#%
&,#)™'(#(
>cY^XV aZ ajc\]ZooZ e^‘ Y^[[jhZ eZg fjZa bdYZaad# BV\\^dg^ ^c[dgbVo^dc^ hja [jco^dcVbZcid hdcd g^edgiViZ cZa YZea^Vci YZaaZ Za^X]Z Y^ bVcdkgV
^YgVja^X]ZdedhhdcdZhhZgZg^X]^ZhiZVaG^kZcY^idgZH^YZEdlZgY^odcV!eZgZhhZgZXZgi^Y^VXfj^hiVgZjcÉZa^XVXdggZiiVbZciZY^bZch^dcViVeZgaV
egdeg^VWVgXV#
AVbV\\^dgeVgiZYZaaZZa^X]Z^YgVja^X]ZƒY^bZch^dcViVVhZXdcYVYZaaVadgdcZXZhhVg^VediZcoV^YgVja^XV#
:h^hiZ jc a^b^iZ VaaV ediZcoV X]Z h^ ejΠ\ZcZgVgZ Xdc jc h^hiZbV ZaZiig^Xd V XdggZciZ Xdci^cjV# EZgiVcid hj
hjeZgnVX]iZ^bWVgXVo^dc^e^‘\gVcY^ƒgVgdigdkVgZ^chiVaaViZZa^X]ZZaZiig^X]Z#
AVXVeVX^i|Y^\ZcZgVgZjcVhe^ciVbV\\^dgZZY^ZhhZgZji^a^ooViVeZgajc\]^eZg^dY^[VccdYZaaÉZa^XV^YgVja^XV
aVhXZaiV^YZVaZeZgWVgX]ZYVaVkdgdZVaig^nVX]ibZcdbVcdkgVW^a^#9^hedcZcYdY^jcWjdch^hiZbV^YgVja^Xd
fjZhiZZa^X]ZY^bVcdkgVeZgbZiidcdjc[jco^dcVbZcidXdci^cjdZjcXdcigdaadkVg^VW^aZYZaaVkZadX^i|igVb^iZ
Xdcigdaa^egdedgo^dcVa^#
8dc^bdYZaa^YV&%%V**%`\Y^he^ciV!YVji^a^ooVgh^h^VXdbZZa^X]ZY^egjVX]ZY^edeeV!H^YZEdlZggZcYZ
Y^hedc^W^a^ bdYZaa^ VYVii^ eZg jcVbe^V \VbbV Y^ nVX]i Z Y^ ^bWVgXVo^dc^ YV aVkdgd# EZg Vhh^XjgVgZ aV hiZhhV
fjVa^i| hj ijii^ ^ XdbedcZci^ Y^ jcÉZa^XV Y^ bVcdkgV ^YgVja^XV! H^YZ EdlZg d[[gZ VcX]Z h^hiZb^ XdbeaZi^ Xdc
eZg[dgbVcXZZV[[^YVW^a^i|\VgVci^iZ#
EZg bV\\^dg^ YZiiV\a^ XdchjaiVgZ ^a cdhigd YZea^Vci gZaVi^kd VaaZ Za^X]Z Y^ bVcdkgV ^YgVja^X]Z d XdciViiVgZ ^a
G^kZcY^idgZY^odcV#
HZcoVZa^XV
Y^bVcdkgV
8dcZa^XV
Y^bVcdkgV
AV egZhiVo^dcZ YZa egdejahdgZ ^c jcV WVgXV ƒ
YZiZgb^cViV eg^cX^eVabZciZ YVaaZ Y^bZch^dc^
YZaaVgZV YZaaV WVgXV ZhedhiV Va kZcid! YVaaV
Y^hig^Wjo^dcZ Y^ fjZhiÉVgZV Z YVaaV edh^o^dcZ YZa
ijccZa cZaad hXV[d# Cdi^ fjZhi^ [Viidg^ edhh^Vbd
XVaXdaVgZ aV egZhh^dcZ YZa kZcid hjaaV WVgXV Z aZ
XddgY^cViZ YZa ejcid Y^ Veea^XVo^dcZ Y^ fjZhiV
egZhh^dcZ#9VfjZhi^XVaXda^edhh^VbdYZiZgb^cVgZ
aV he^ciV cZXZhhVg^V eZg XdcigVhiVgZ aV egZhh^dcZ
YZakZcideZgjcVheZX^[^XVedh^o^dcZYZaijccZa#>a
eZhd YZaaV WVgXV cdgbVabZciZ cdc ƒ ^c[ajZciZ
fjVcYdh^eVgaVY^Y^edgid#
9edYbki_ed[
>YjZ[Viidg^YZX^h^k^eZgaVhXZaiVYZaaÉZa^XVY^bVcdkgVXdggZiiVhdcd/
™AVeZg[dgbVcXZX]Zh^VheZiiV^aegdeg^ZiVg^dYZaaVWVgXV
™AVY^bZch^dcZ!^ai^edZaV[dgbVYZaaVWVgXVhiZhhV
,,
I>++&%).,J9
I>'&&&%+')J9
I>'*&&%,'&J9
)'%
**%
&%%%
&)%%
'("(,™,+"&'%
')"))™.*"&)*
(%")*™&%%"&*%
)%"*)™&(%"&,*
(-+
(-+
*&(
+&%
9dee^VXdcigdgdiVciZ
9dee^VXdcigdgdiVciZ
9dee^VXdcigdgdiVciZ
(%#%™)%#'
*&#%™+-#)
+*#*™-,#-
-(#)™&&'
'(#,™(&#-
)'#.™*,#*
**™,)
,%™.(#-
7dVih^oZ/B +
.
&'
&*
I;.&
I;'&&
&-
'&
')
',
(%
I;*&
;b_Y^[[b[jjh_Y^[
³&'*bb
I;,&
³&-*bb
I;'(&
I;'+&
³'&*bb
I;')&
I;'-&
I;('&
³'*%bb
I;(*&
I;(.+
³(%%bb
7dVih^oZ/[i '%
7dVih^oZ/B .
(%
&'
)%
&*
&-
*%
'&
+%
')
',
,%
(%
-%
.%
((
(+
(.
&%%
)'
)*
)-
*&
*)
&,%
&-%
I>'&&
³&-*bb
I>',&
;b_Y^[?_ZhWkb_Y^[
³'&*bb
I>(*&
³'*%bb
I>)&&
³(%%bb
I>++&
IVWZaaVY^Y^bZch^dcVbZcidi^e^XdeZg^bWVgXVo^dc^YVY^edgid
I;)&
9dee^VXdcigdgdiVciZ
:a^X]ZY^bVcdkgV^YgVja^X]Z
I>*(&%).,J9
³(-+bb
I>'*&&
³+&%bb
7dVih^oZ/[i (%
)%
*%
+%
,%
-%
.%
&%%
&&%
&'%
&(%
&)%
&*%
&+%
EZgbV\\^dg^^c[dgbVo^dc^hjaY^bZch^dcVbZcidg^kda\Zgh^VHV^b
,-
:a^X]ZY^bVcdkgVHZg^ZHM
I[h_[IN
AV hZg^Z HM cVhXZ YVaaÉZh^\ZcoV Y^ bdciVgZ jcÉZa^XV Y^ edeeV
fjVcYd ^c XdcY^o^dc^ cdgbVa^ cdc XɃ heVo^d ^ciZgcd eZg
jcÉ^chiVaaVo^dcZ igVY^o^dcVaZ Xdc eVhhV\\^d V hXV[d YZaaV
XdbedcZci^hi^XV# AV hZg^Z HM igdkV Veea^XVo^dcZ ^YZVaZ hj
^bWVgXVo^dc^Zfj^eV\\^ViZXdce^ZY^edee^Zg^#
8dbeaZiVbZciZ egZVhhZbWaVid Z gVXX]^jhd ^c jc ^ckdajXgd ^c
KIG! aV eVgiZ ZaZiig^XV ƒ gZhV hiV\cV ZY ^\c^[j\V! VYViiV eZg
^bWVgXVo^dc^Xdcbdidg^VWZco^cV#
9^ [VX^aZ ^chiVaaVo^dcZ! b^c^bV [dgVijgV YZaad heZXX]^d Y^ edeeV!
XdbeVi^W^aZXdc^cdhig^`^iYZ[aZiidg^YV£&-*bb#
CeZ[bbe
He^ciVV&%#*K$'&K`\#
He^ciVV&'K$')K`\#
Ajc\]ZooV^bWVgXVo^dcZe^ZY^
Ajc\]ZooV^bWVgXVo^dcZb
9^VbZigd^ciZgcdijccZabb
IN'&&%'.+J
-%
&%%
.+
&&+
(*É")-É
)%É"*+É
&%"&*
&-*
&'"&,
&-*
I^edZa^XV
9dee^V
9dee^V
EdiZcoVgZVaZV&%#*K$'&K`L™=e
)#)™+
+#(™-#)
KdaiV\\^dKYX
&'™')
&'™')
(%
)%
EZhd`\#
HX]ZYViZXc^XV
,.
IN.&%'.+J
I[h_[IH
6iijVabZciZY^hedc^W^a^cZ^bdYZaa^HG-%ZHG&%%!XVgViiZg^ooVi^
YV Y^[[ZgZci^ ediZcoZ Y^ he^ciV! aZ cjdkZ Za^X]Z Y^gZo^dcVa^ Ä V
[jco^dcVbZcid ZaZiig^Xd Ä egZhZciVcd ^cdaigZ WVhh^ a^kZaa^ Y^
k^WgVo^dcZ! eZg ^a h^hiZbV Y^ VjidajWg^[^XVo^dcZ Z eZg aV h^XjgV
egdiZo^dcZYVaaZXdggZci^\VakVc^X]Z#
CeZ[bbe
He^ciVV&%#*K$'&K`\#
He^ciVV&'K$')K`\#
Ajc\]ZooV^bWVgXVo^dcZe^ZY^
Ajc\]ZooV^bWVgXVo^dcZb
9^VbZigd^ciZgcdijccZabb
IH.&%'.+J
IH'&&%'.+J
-%
&%%
IH')&%(+&J
&(%
IH'-&%(+&J9
IH('&%(+&J9
&,%
'&%
.+
&&+
&+%
'&%
'*%
(*É")-É
)%É"*+É
)'É"+'É
*%É",%É
**É",-É
&("&.
&*"''
&,"')
'*%
'*%
'*%
&%"&*
&-*
&'"&,
&-*
I^edZa^XV
9dee^V
9dee^V
9dee^V
EdiZcoVgZVaZV&%#*K$'&K`L™=e
)#)™+
+#(™-#)
+#*™-#,
KdaiV\\^dKYX
&'™')
&'™')
&'™')
')
')
(&
))
-*
--
&&'
EZhd`\#
:a^X]ZY^bVcdkgVHZg^ZHG
AZ HG! fjZhiV aV h^\aV Y^hi^ci^kV YZaaZ cjdkZ Wdl i]gjhiZg! h^
XdcigVYY^hi^c\jdcdeZgXdbeViiZooV!V[[^YVW^a^i|ZegdciVg^hedhiV
V^XdbVcY^#
9dee^VXdcigdgdiVciZ 9dee^VXdcigdgdiVciZ
-™&%#,
&&™&)#*
')*
)&(
HX]ZYViZXc^XV
)*%
EVccZaad H"a^c` hijY^Vid Veedh^iVbZciZ eZg aÉZa^XV gZigVii^aZ HG Xdc ^cY^XVidgZ
hiVidY^edh^o^dcZe^ZYZ#
,/
J^hkij[hWYedjhebbefhefehp_edWb[
98EdlZg8dcigda
FjVcYd h^ hXZ\a^Z jc i]gjhiZg Y^ bVcdkgV eZg aV egdeg^V WVgXV! aV
hXZaiV heZhhd g^XVYZ hja bdYZaad e^‘ ediZciZ edhh^W^aZ ^c bdYd YV
VkZgZaV\^jhiVhe^ciVVcX]Z^cXdcY^o^dc^Y^[[^X^a^#
> bdYZaa^ e^‘ ediZci^ ]Vccd eZgŒ jc e^XXdad hkVciV\\^d/ Y^kZciV
XdbeaZhhd\Zhi^gZaVhe^ciVhZƒcZXZhhVg^VedXVediZcoV!eZgZhZbe^d
XdcedXdkZciddeZge^XXda^hedhiVbZci^#
H^YZ EdlZg ]V ^cigdYdiid ^a 98 EDL:G 8DCIGDA! jc ^ccdkVi^kd
h^hiZbVY^Xdcigdaadegdedgo^dcVaZYZaaVhe^ciVX]ZeZgbZiiZY^YdhVgZ
aVediZcoVeZgaVbVhh^bVbVcdkgVW^a^i|#
9^hedc^W^aZVcX]ZXdbZgZigd[^ieZg^bdYZaa^H:!^ah^hiZbVXdchZciZ
^cdaigZ Y^ Vaajc\VgZ cdiZkdabZciZ ^a iZbed Xdci^cjVi^kd Y^ ji^a^ood/ Va
*%YZaaVediZcoVbVhh^bV^aiZbedƒegVi^XVbZciZ^c[^c^id#
>ah^hiZbV98EDL:G8DCIGDAƒXdbedhidYVjcÉjc^i|eg^cX^eVaZY^
ediZcoVE8-%%!YVjceVccZaadY^XdbVcYdbjai^[jco^dcZXdcY^heaVn
A89E?8'&'ZYVjci]gjhiZgH^YZEdlZgYdiVidY^`^ieZg^aXdcigdaad
egdedgo^dcVaZ#>aXdaaZ\VbZcidYZ^kVg^XdbedcZci^Vkk^ZcZigVb^iZ^a
h^hiZbVegdeg^ZiVg^dY^^ciZgXdccZhh^dcZH"A^c`#
>ah^hiZbV98EDL:G8DCIGDAegZhZciVijiiZaZ[jco^dc^Y^h^XjgZooV
hiVcYVgYi^e^X]ZYZaaV\VbbVY^egdYdii^H^YZEdlZg#
>a eVccZaad Y^ XdbVcYd Z Xdcigdaad E?8'&' ^cXdgedgV [jco^dc^ Y^
egd\gVbbVo^dcZ!Xdcigdaad!k^hjVa^ooVo^dcZeVgVbZig^Y^[jco^dcVbZcid
ZY^V\cdhi^XVY^h^hiZbVZ!hdadhjeVccZaadYdee^d!jcÉji^aZ[jco^dcZY^
Æ=DA9ÇYZaaVhe^ciV#>aH^hiZbV98EdlZg8dcigdaƒY^hedc^W^aZXdbZ
`^iedhi"kZcY^iVZXdbZ`^iXdbeaZidY^eg^bdZfj^eV\\^VbZcid#
F@9('(
&)&
-(
(&!-
&%!-
F9.&&
9^bZch^dc^^ciZg[VXX^V/&.%m(%%m&)%bb
:9If[[Z9edjhebYecfed[dji
EVccZaad?dnhi^X`
egdedgo^dcVaZ
E?8'&'
>ciZg[VXX^VXdcigdaaZg
egdedgo^dcVaZ
EE8-%%
H^hiZbV
Y^^ciZgXdccZhh^dcZ
H"a^c`
8Vkd
bjai^edaVgZ
;jh^W^aZ
7ViiZg^V
Za^XV&'$')K
HiVXXVWViiZg^Z
bVcjVaZdVjidbVi^Xd
BdidgZZa^XV
-&
E^‘ XVeVX^i| Y^ he^ciV! b^cdg^ k^WgVo^dc^ Z bV\\^dgZ h^aZco^dh^i| Y^ [jco^dcVbZcid/
fjZhi^^ch^ciZh^^kVciV\\^d[[Zgi^YVacjdkd`^iY^igVh[dgbVo^dcZF"Egdeh!XdciZcZciZ
aVcjdkVheZX^VaZZa^XVV*eVaZ!Veea^XVW^aZhjaaV\VbbVY^Wdl"i]gjhiZgegZZh^hiZci^
Xdc\^gVci^YV)V*eVaZY^VbZigd&'*"'*%bbegdYdii^YVHaZ^ecZg#
8dc aÉVeea^XVo^dcZ YZaaV cjdkV \^gVciZ! ^c[Vii^! ƒ edhh^W^aZ diiZcZgZ V eVg^i| Y^ \^g^ jc
^cXgZbZcidbZY^dY^gZhVeVg^Va&%#
DaigZ VaaZ \^gVci^ ^a `^i XdbegZcYZ jc VcdYd hVXg^[^XVaZ Y^ o^cXd V egdiZo^dcZ YZaaZ
XdggZci^\VakVc^X]Z#
6XXZhhdg^
Kf]hWZ[A_j
F[hIF++
YeZ$Whj_Yebe*////
F[hIF-+%/+ YeZ$Whj_Yebe-////
F[hIF'(+
YeZ$Whj_Yebe/////
F[hIF'++%(&& YeZ$Whj_Yebe'&////
IjWYYWXWjj[h_[WkjecWj_YeI_Z[#Fem[h
Ad hiVXXV WViiZg^Z VjidbVi^Xd WgZkZiiVid H^YZ EdlZg daigZ V \VgVci^gZ h^XjgZooV
igVb^iZ[jh^W^aZ!]VaVeZXja^Vg^i|Y^hiVXXVgZ^cbdYdVjidbVi^XdaÉVa^bZciVo^dcZigV
WViiZg^Z Z bdidgZ YZaaÉZa^XV fjVcYd h^ heZc\dcd ^ eVccZaa^ Y^ XdbVcYd ^chiVaaVi^ ^c
eaVcX^Vdhja[anWg^Y\Z#
Jkdd[b[Z[\b[jjeh_
H^YZ"EdlZg d[[gZ jcÉVbe^V \VbbV Y^ ijccZa Z YZ[aZiidg^ ^c KIG! EK8 Z$d bViZg^VaZ
Xdbedh^id!XVgViiZg^ooVi^YVVaiVgZh^hiZcoV!hiVW^a^i|Y^[dgbVZ[VX^aZaVkdgVo^dcZ#
FWdd[bb_if[Y_Wb_
AV\VbbVY^eVccZaa^hiVcYVgYi^eddc$d[[eZgZa^X]Z
^YgVja^X]Zk^ZcZXdbeaZiViVYVeVccZaa^heZX^Va^h^V
Y^ i^ed dc$d[[ h^V egdedgo^dcVaZ EGD EVcZah Xdc
^ciZ\gVid^ah^hiZbVY^g^aZkVo^dcZVaaVgb^^YgVja^X^#
HZ h^ jhVcd ^ eVccZaa^ hiVcYVgY ƒ Y^hedc^W^aZ jc
eVccZaadheZX^[^XdeZg\a^VaaVgb^^YgVja^X^#
-'
EVccZaa^Y^XdbVcYd
FWdd[bb_Z_YecWdZe
H^YZ EdlZg d[[gZ jcV hZg^Z jc^XV cZa hjd \ZcZgZ Y^
eVccZaa^ Y^ XdbVcYd Æ^ciZaa^\Zci^Ç# >a eVccZaad ƒ jc
XdbedcZciZ^bedgiVciZY^jcÉZa^XVY^bVcdkgV#H^ejŒ
hXZ\a^ZgZ igV jc eVccZaad Y^ XdbVcYd XdbeViid Xdc ^
ejahVci^ V h[^dgVbZcid! ^a Y^[[jhd Xdcigdaad V _dnhi^X`!
aÉ^ccdkVi^kdÆYdX`^c\ÇXdcigdadeejgZ^acjdkdZhXajh^kd
eVccZaad gdidcYd# EZg hedhiVgk^ ^c ijiiV Vjidcdb^V V
WdgYdƒY^hedc^W^aZVcX]ZjcgVY^dXdbVcYd#
™9^bVY^[dgVijgVX^gXdaVgZ[dgdeZghigjbZcidhiY#'Ç
™BdciV\\^d[gdciVaZ
™<jVgc^o^dcZD"G^c\egZbdciViV
™Bjai^kdaiV\\^d&'Z')K
™H^hiZbVdc$d[[Y^h^XjgZooVXdc^cY^XVidgZajb^cdhd
™9^hVii^kVo^dcZVjidbVi^XV
™EgdiZo^dcZ[gdciVaZ>E+*$egdiZo^dcZJK
™6eegdkVo^dcZ8:
FWdd[bbeWi\_ehWc[djegkWZhWjeejedZe
>aYZh^\cXdbeViidZVWVhhd^c\dbWgdXdc[Zg^hXZV^XgjhXdii^e^‘e^XXda^jcVheZiiddgY^cVidZ^beZY^hXZX]Z
hjaaZWVgX]ZVkZaVaZX^bZk^h^edhhVcd^be^\a^VgZ#
H_\$./++9^VbZigd/-+!*
H_\$./+&6aiZooVbb™^c/,%™'#,+"AVg\]ZooVbb™^c/,%™'#,+
FWdd[bbeW`eoij_Ya%fhe\_beXWhYW
>acdhigdbdYZaade^‘Y^[[jhdX]Zd[[gZjcXdcigdaadXdc[dgiZkdaZZhZbea^XZYZaaÉZa^XVY^bVcdkgV#
H_\$./,+9^VbZigd/-+!*
H_\$./,&6aiZooVbb™^c/,%™'#,+"AVg\]ZooVbb™^c/,%™'#,+
FWdd[bbeWZeff_e`eoij_Ya
FWdd[bbeÇZeYa_d]È
;VX^aZ Xdcigdaad Y^ ZcigVbWZ aZ Za^X]Z Xdc jcV
hdaVbVcd#
8dcigdaaV aZ Za^X]Z bjdkZcYd hZbea^XZbZciZ
aÉ^ciZggjiidgZV[dgbVY^hXV[d#
H_\$./&/6aiZooVbb™^c/&'%™)#,'"AVg\]ZooVbb™^c/,%™'#,+
H_\$./*&6aiZooVbb™^c/&'%™)#,'"AVg\]ZooVbb™^c/,%™'#,+
HWZ_eYecWdZ_fehjWj_b_
EZg^aXdcigdaadh^bjaiVcZdY^jcÉZa^XVY^edeeVZY^egjVdeejgZY^jcÉZa^XVY^egjVZY^jckZgg^XZaad#
EjahVci^gZigd^aajb^cVi^#
H_\$./.&6aiZooVbb™^c/.*™(#,)"AVg\]ZooVbb™^c/)-™&#-.
H_\$./.+6aiZooVbb™^c/.*™(#,)"AVg\]ZooVbb™^c/)-™&#-.
H_\$
-(
@^iY^gVY^dXdbVcYdZa^XVY^egjVZY^edeeV
@^iY^gVY^dXdbVcYdZa^XVY^egjV kZgg^XZaad
-.-%$-.-*
IgVhbZii^idgZZmigVZa^XVY^egjVZY^edeeV
IgVhbZii^idgZZmigVZa^XVY^egjV kZgg^XZaad
-.-&$-.-+
HiZng Bdidgh ƒ aÉVo^ZcYV Vjhig^VXV aZVYZg cZaaV Xdhigjo^dcZ Y^ bdidg^ bVg^c^ Y^ZhZa
ZcigdWdgYdVWVhhZZb^hh^dc^YV*%V(%%=e#
>abdcdWadXXd^caZ\VheZX^VaZZ^aYdee^dX^gXj^idY^gV[[gZYYVbZcidXVgViiZg^ooVcd
^cbVc^ZgVjc^kdXV^bdidg^bVg^c^HiZng![gjiidYZaaZiZXcdad\^Ze^‘VkVcoViZ\gVo^Z
VaaZ fjVa^ aZ hZbegZ e^‘ hZkZgZ cdgbVi^kZ [jijgZ hjaaZ Zb^hh^dc^ ^c XVbed cVji^Xd
kZc\dcd Vbe^VbZciZ g^heZiiViZ# HiZng ƒ cdiV ^cdaigZ eZg ^a egdeg^d =nWg^Y 9g^kZ
HnhiZb!eg^bd^cijiid^abdcYd!aVkZgVZXXZaaZcoV^ccdkVi^kVcZaXVbedYZ^bdidg^
eZg^bWVgXVo^dc^YVY^edgid#
-)
HiZngBdidgh
Ij[ohCejehi
> bdidg^ bVg^c^ HI:NG hdcd egd\ZiiVi^ eZg \VgVci^gZ VaiZ egZhiVo^dc^ Z ajc\V YjgViV# Jc h^hiZbV YÉ^c^Zo^dcZ
iZXcdad\^XVbZciZVkVcoVid\VgVci^hXZjcVXdee^VZXXZaaZciZZYjcÉVbe^VY^hedc^W^a^i|Y^gZ\^b^Y^\^g^!gZcYZcYda^
fj^cY^[VX^abZciZVYViiVW^a^V^h^hiZb^Y^egdejah^dcZ\^|Zh^hiZci^#>aX^gXj^idVXfjVY^bVgZƒXdhigj^idXdcbViZg^Va^
gZh^hiZci^VaaVXdggdh^dcZZijii^^bdidg^hdcdegdkk^hi^Y^Ydee^dX^gXj^idY^gV[[gZYYVbZcid#>aa^kZaadY^Zb^hh^dc^
VXjhi^X]Z ƒ ^c[Zg^dgZ V fjZaad YZaaV \gVc eVgiZ YZ^ bdidg^ V WZco^cV# AÉV\\^jciV YZaaV hZeVgVo^dcZ ZaVhi^XV YZa
bdcdWadXXd YVaaV XVhhV ^c Vaajb^c^d YZa bdidgZ g^YjXZ aZ k^WgVo^dc^ igVhbZhhZ Vaad hXV[d Z! fj^cY^! ^a a^kZaad Y^
gjbdgdh^i| V WdgYd k^ZcZ jaiZg^dgbZciZ g^Ydiid# >a h^hiZbV Y^ ^c^Zo^dcZ Xdc ^c^Ziidg^"edbeV ƒ Xdc[dgbZ VaaZ
cdgbVi^kZ7HD>>ZH6K'ZYƒ^cdaigZ^c\gVYdY^hdYY^h[VgZaZgZ\daVbZciVo^dc^hjaaZZb^hh^dc^:E6I^Zg>>>#
?bcedeXbeYYeIj[ohCejehi
AÉZhXajh^kdYZh^\cYZ^bdidg^HiZngBdidghƒXVgViiZg^ooVidYVjcbdcdWadXXdXdbegZch^kdY^iZhiViV#GZVa^ooVid
^cbViZg^Va^Y^Vai^hh^bVfjVa^i|!\VgVci^hXZjcVYjgViVZXXZo^dcVaZVcX]Z\gVo^ZV\a^Vaig^XdbedcZci^YZabdidgZ!
fjVa^VYZhZbe^d/
™aÉVaWZgdbdidgZ^cXgdbd"bda^WYZcd[dg\^VidW^aVcX^VidY^cVb^XVbZciZ0
™^e^hidc^[jh^^ch^a^XdcZZVaajb^c^dXdcXVcVa^Y^ajWg^[^XVo^dcZ!iZXcdad\^VXdc([VhXZZaVhi^X]Z0
™aZhZY^kVakdaZ^cC^bdc^XiZbeZgVid0
™^a\^jcidZaVhi^XdhjakdaVcdVYViideZghdYY^h[VgZY^kZghZVeea^XVo^dc^#
JhWic_ii_ed_
>bdidg^bVg^c^HI:NGedhhdcdZhhZgZVXXdee^Vi^VY^kZgh^h^hiZb^Y^igVhb^hh^dcZ!VY^ckZgi^idg^XdcY^kZghZ[aVc\Z
Y^jhX^iVY^gZiiZ!dg^oodciVa^!Vc\daViZZK"9g^kZ!Xdc[aVc\ZY^VXXdee^VbZcidVY^Ygd\Zii^Z`^ieZgaÉVXXdee^VbZcid
Ve^ZY^edee^Zg^#
I_ij[cWZ_bkXh_\_YWp_ed[
™;^aigdda^dhdhi^ij^W^aZ
™IjWdVhiVY^a^kZaadda^dYVji^a^ooVgh^eZgadhXVg^XdYZaaÉda^d
™H^hiZbVY^h[^VidX]^jhdVaaÉ^ciZgcdYZabdcdWadXXd
I_ij[cWZ_Wb_c[djWp_ed[%_d_[p_ed[
™H^hiZbV^ciZ\gVidVYVaiVegZhh^dcZXdc^c^Ziidg^"edbeVVYdee^dhiVY^d!VaWZgdVXVbbZ^ciZhiVZW^aVcX^Zg^#
™EdbeVVa^bZciVo^dcZXdbWjhi^W^aZZaZiig^XVXdchejg\dVjidbVi^Xd#
™;^aigd\Vhda^dhdhi^ij^W^aZ#
I_ij[cWZ_iYWh_Ye
8daaZiidgZY^hXVg^XdgV[[gZYYVidVYVXfjVYdaXZZb^hXZaVidgZY^hXVg^XdgV[[gZYYVidVYVXfjVY^bVgZ#
H^hiZbVY^gV[[gZYYVbZcid
™GV[[gZYYVbZcidVYVXfjVYdaXZgZ\daVidiZgbdhiVi^XVbZciZ
™HXVbW^VidgZY^XVadgZXdckVhdYÉZheVch^dcZ^ciZ\gVid
™EgZY^hedh^o^dcZXdaaZ\VbZcidWd^aZg
™EdbeVVXfjVY^bVgZXdc\^gVciZZe^VhigVY^jhjgVhdhi^ij^W^aZ
9_hYk_je[b[jjh_Ye
™H^hiZbV&'KXdcXdccZiidgZ
™6aiZgcVidgZbVg^cd&)K$.%6
™GZ\daVidgZY^XVg^XV^ciZ\gVideZgb^\a^dg^XdcY^o^dc^Y^XVg^XVYZaaZWViiZg^Z
™8VcYZaZiiZeZgjcb^\a^dgVkk^VbZcid^cXa^b^[gZYY^
™Egdajc\]ZZaZiig^X]ZXdcXdccZiidg^Y^hedc^W^a^^ckVg^Zajc\]ZooZeZg^chiVaaVo^dc^hjÆ[anWg^Y\ZÇ
FWdd[bbeijhkc[dj_
>aeVccZaadhiVcYVgYXdbegZcYZ/
™7adXX]ZiidVkk^VbZcid
™He^Zajb^cdhZeZgXVg^XVWViiZg^V!egZhh^dcZda^d!XVcYZaZiiZZXdcigdaadbdidgZ
™8dciV\^g^
™IZgbdbZigdiZbeZgVijgVVXfjV
™>aajb^cVo^dcZhigjbZci^
™6aaVgbZVXjhi^Xd
FWdd[bbeefj_edWbf[hcejeh_IEB7I
™8dciViidbdidgZXdcejahVciZ
™6kk^VbZcidXdcejahVciZ
™He^Zajb^cdhZeZgXVg^XVWViiZg^V!egZhh^dcZda^d!XVcYZaZiiZZXdcigdaadbdidgZ
™8dciV\^g^
™>aajb^cVo^dcZhigjbZci^
™IZgbdbZigdiZbeZgVijgVVXfjV
™6aaVgbZVXjhi^Xd
7YY[iieh_
™BVcdbZigdegZhh^dcZda^d
™8]^VkZeZgWadXXd\^g^bdidgZ
™8Vk^Y^XdccZhh^dcZeZghZXdcYdeVccZaad
™EgZY^hedh^o^dcZeZgWd^aZg
™KVhdYÉZheVch^dcZhZeVgVid
™;^aig^VXfjVbVgZ
™EgZhVY^[dgoVVciZg^dgZ
™EgZ[^aigdYZXVciVidgZ
-*
Bdidg^)X^a^cYg^
Ij[oh*Y_b_dZh_
684 (26.93’)
337,4 (13.28’)
230 (9.06’)
485 (19.09’)
759 (29.88’)
241 (9.49’)
62±8
(2.44’ ±0.32’)
230 (9.06’)
847 (33.35’)
140
(5.51’)
140
(5.51’)
78 (3.07’)
594 (23.39’)
286 (11.26’)
L 520 (20.47’) / R 550 (21.65’)
286 (11.26’)
703 (27.68’)
AZY^bZch^dc^hdcd^cY^XVi^kZZfj^cY^cdcVYViiZVaaÉ^chiVaaVo^dcZ
CeZ[bbe
CE+*D7))
CE.*A)(
CE/*A))
CE''*A))
CE'**C).
CE',*C*&
CE'-*L*&
CV
I8
I8
I86
I86
I86
I86
EdiZcoV`L@\^g^bdidgZgeb
)%@((%%
**@('%%
++@((%%
-&@((%%
&%+@(-%%
&'%@)%%%
&'*@)%%%
8dee^VbVmCb@\^g^bdidgZgeb
&(%@'%%%
&.%@'%*%
'&%@'-%%
'&%@'-%%
'--@'*%%
('%@'-%%
((%@'%%%
'&%
')(
')(
'**
'*-
'*-
',+
6he^gVo^dcZ
EZhdVhZXXd`\
8Zgi^[^XVo^dc^
G89$'%%($)) G89$'%%($)) G89$'%%($))
:E6I^Zg>>! :E6I^Zg>>! 7dYZchZZ>>! :E6I^Zg>>!
:E6I^Zg>>!
G89$'%%($)) G89$'%%($)) G89$'%%($)) G89$'%%($))
-+
HZg^ZH:+X^a^cYg^
I[h_[I;,Y_b_dZh_
AZY^bZch^dc^hdcd^cY^XVi^kZZfj^cY^cdcVYViiZVaaÉ^chiVaaVo^dcZ
CeZ[bbe
I;'(,;(+
I;'+,;(,
I;'/,;)+
I;(),;*&
6\^g^$b^c
8^a^cYgViVPXb(R
I;(,,I),
I;(.,;*&
I;)&,@).
--&'%
&&%&*%
&)%&(%
&,%'(&
&,%'(&
&.%'*-
&.%'*-
'%*',.
'&*'.'
'&,*"'**% '(*%"'+*% (%*%"(**% (**%")&%% ((*%"(+*%
('%%
('%%
('%%
('%%
('%%
)%%%
('%%
((*%"(+*% (*%%")&%% (+%%"(-*%
('%%
('%%
('%%
8dee^VbVm
Cb@\^g^
bdidgZgeb
(.%@&-%% )*%@&-%% ))*@'%*% ),%@'**% *)%@&-%% *(%@'(%% +%%@&-%% *,%@'**% *--@ ((%%
GVi^c\
E$=D$>CI E$=D$>CI E$=D$>CI E$=D$>CI
$B89
$B89
$B89
$B89
EZhd`\
-,
I;(,,;*&
-*$.)
6aZhV\\^d$8dghVbb
EdiZcoV
bVhh^bVP`L$=ER
I;(),I),
()%
()%
()%
()%
E$=D
E$=D$>CI
E$=D
()%
()%
()%
HiVcYVgYZb^hh^dc^
:E6I^Zg>>>!G89!.,+-:8G]Z^c!7HD(!>BDCdm!G>C6!>BDHdaVh
6aiZgcVidgZ6$K
HiVcYVgY/&'%6$&'KDei^dcVa/&*%6$&'Kdg&%%6$')K
E$=D$>CI E$=D$>CI
()%
()%
>oXh_Zfhefkbi_ed#_Xh_ZefWhWbb[be
>h^hiZb^^Wg^Y^]VccdhZ\cVidjccjdkdXVe^idadcZaaV
hidg^VYZah^hiZbVY^egdejah^dcZeZgaZ^bWVgXVo^dc^
YV Y^edgid# Cdc hdad eZg ^a [Viid X]Z! cVk^\VcYd ^c
bdYVa^i|ZaZiig^XV!VooZgVcdaZZb^hh^dc^^cVibdh[ZgV
YZa bdidgZ gZcYZcYd aÉ^bWVgXVo^dcZ ^YdcZV VaaV
cVk^\Vo^dcZ cZaaZ VgZZ egdiZiiZ! cZ VooZgVcd aV
gjbdgdh^i| Z VjbZciVcd bVcdkgVW^a^i| YZaaV WVgXV
^c [VhZ Y^ YdX`^c\! bV VcX]Z eZgX]‚ Za^b^cVcd aV
cZXZhh^i| Y^ jc \gjeed ZaZiigd\Zcd hZeVgVid eZg aZ
VeeVgZXX]^VijgZY^WdgYd#
AV bdYVa^i| Y^ \j^YV V ÆZb^hh^dc^ oZgdÇ XdchZciZ
jcV kZadX^i| Y^ * cdY^ jhVcYd aV egdejah^dcZ
ZhXajh^kVbZciZ ZaZiig^XV Z eVhhV Va bdidgZ V
XdbWjhi^dcZ Xdc jc [VX^aZ bdk^bZcid YZaaV X]^VkZ
Y^ VXXZch^dcZ# AV egdejah^dcZ k^ZcZ ^cdaigZ
ediZco^ViV YVa bdidgZ ZaZiig^Xd Z eZgbZiiZ
jcVXXZaZgVo^dcZe^‘kZadXZ!VWWVhhVcYd^aXdchjbd
Y^XVgWjgVciZZb^\a^dgVcYdaVg^hedhiVZaVY^cVb^XV#
G^Yjo^dcZ h^\c^[^XVi^kV YZ^ Xdhi^ Y^ bVcjiZco^dcZ Z
b^\a^dgVbZcid YZaaV [VX^a^i| Y^ bVcjiZco^dcZ hdcd
jaiZg^dg^^ciZgZhhVci^Vg\dbZci^VhjeedgidY^fjZhiV
cdk^i|iZXcdad\^XV#
>Wg^YdeVgVaaZad
>aeg^bdh^hiZbV^Wg^YdeVgVaaZadY^egdejah^dcZeZg
^bWVgXVo^dc^YVY^edgid#
>abdidgZZaZiig^Xd[jco^dcV^c)bdYVa^i|/
™BdYVa^i|hiVgiZg/^abdidgZhiVgiZgV\\^jci^kd
ejŒZhhZgZZa^b^cVid
™BdYVa^i|\ZcZgVidgZ/aZWViiZg^ZVccZhhZhdcd
XVg^XViZZdii^b^ooViZ
™BdYVa^i|ZaZiig^XVY^XgdX^ZgV/cZhhjcV Zb^hh^dcZ!cZhhjcgjbdgZegdYdiidYVabdidgZ
™BdYVa^i|Y^he^ciV/h^dii^ZcZjcVb^\a^dgZ
g^hedhiVYZaaÉjc^i|Y^\j^YV
AZY^bZch^dc^hdcd^cY^XVi^kZZfj^cY^cdcVYViiZVaaÉ^chiVaaVo^dcZ
--
>;<EdlZgHnhiZb
?<=Fem[hIoij[c
-.
AÉ>;<>ciZ\gViZY;anl]ZZa<ZcZgVidgƒjch^hiZbVY^egdYjo^dcZY^ZcZg\^VZaZiig^XV^ciZ\gVidcZabdidgZY^
egdejah^dcZHiZngX]Zd[[gZcjbZgdh^kVciV\\^^ciZgb^c^Y^/
™H^XjgZooV/cdcƒcZXZhhVg^dVkZgZjchZgWVid^dY^WZco^cVVWdgYd
™8db[dgi/^abdidgZejŒegdYjggZZcZg\^VVjcWVhhdgZ\^bZY^\^g^
™G^heVgb^d/cZhhjcXdhidZmigVeZg^chiVaaVo^dcZZbVcjiZco^dcZ
™>c\dbWgd/^a\ZcZgVidgZƒ^ciZ\gVidcZabdidgZ
™6[[^YVW^a^i|/iZXcdad\^VVbV\cZi^eZgbVcZci^
™6YViiVW^a^i|/[VX^abZciZVYViiVW^aZVWVcX]^WViiZg^ZVa\ZaZV^ckZgiZg[^cdV)!'$)!*`L68hdadeZgbdYZaa^98
JcYZglViZg A^\]ih! aV hdX^Zi| ^c\aZhZ egdYjiig^XZ YZaaZ ajX^ hjWVXfjZZ dg^\^cVa^!
egdedcZjcV\VbbVXdbeaZiVeZghXV[^Y^Y^kZghdbViZg^VaZ!Veea^XVW^a^hjnVX]i[^cd
V&*%b#9^ZigdVaYZh^\c^ccdkVi^kdYZaaZJcYZglViZgA^\]ih!h^cVhXdcYZjckZgdZ
egdeg^d XdcXZcigVid Y^ iZXcdad\^V ^c \gVYd Y^ \VgVci^gZ h^XjgZooV Z YjgViV YZ\a^
^be^Vci^ ^aajb^cVci^# DaigZ V diiZcZgZ Z[[Zii^ Y^ cdiZkdaZ ^beViid k^h^kd! ^c \gVYd Y^
kVadg^ooVgZaÉ^bWVgXVo^dcZ!aZajX^hjWVXfjZZXdchZcidcdjcVji^aZk^h^dcZcdiijgcV
YZaaZVXfjZX^gXdhiVci^#
Ijii^^egdYdii^JcYZglViZgA^\]ihhdcdXZgi^[^XVi^AadnYÉh!67HZJABVg^cZ#
-/
=7CC7ÇGJÈ
<6BB6ÆFIÇ
E^XXdaZ Y^bZch^dc^ Z \gVcYZ egd[dcY^i| YZa [VhX^d ajb^cdhd hdcd aZ YjZ eg^cX^eVa^ XVgViiZg^hi^X]Z YZaaV cjdkV
\VbbVX]Zk^ZcZaVcX^ViVXdcaVÆFI-%Ç#
H^ egdcjcX^V ÆXjiZÇ Z h^\c^[^XV ÆXVg^cdÇ# >a XdcXZei eZg aV cjdkV \VbbV Y^ ajX^ hdbbZghZ YZaaV JcYZglViZg
A^\]ihA^b^iZYaÉdg^\^cVaZJcYZglViZgA^\]i!YZcdb^cViVÆFIÇ!ƒVafjVcidVcdbVadeZgjcegdYdiidXdh‡iZXc^Xd/
aVajXZhdbbZghVYZkZZhhZgZhZbegZV[[^YVW^aZZediZciZ!bVVaXdciZbedY^Y^bZch^dc^hZbegZe^‘g^YdiiZZ
YVaYZh^\cZhXajh^kd#
EgdYdiiVg^heZiiVcYd^e^‘hZkZg^hiVcYVgY^ciZgcVo^dcVa^!aV\VbbVFIƒjcVbea^VbZcidYZaaVViijVaZ\VbbVY^
ajX^hjWVXfjZZJAI^B6I:#FjZhiZajX^hdbbZghZXdceVhhV\\^dVhXV[dhdcdhiViZiZhiViZV&%WVgY^egZhh^dcZ
Zhdcdegd\ZiiViZeZgaÉ^chiVaaVo^dcZh^VhjhXV[^^ckZigdgZh^cV!h^VhjfjZaa^^caZ\cd#>aXdgedaVbeVYVƒgZVa^ooVid
^c aZ\V Wgdcod"Vaajb^c^d Z ^c Vaajb^c^d *%-( YVaaÉ^cXgZY^W^aZ gZh^hiZcoV! bZcigZ aV aZciZ ƒ egdYdiiV ^c kZigd
Wdgdh^a^XVid!Xdcijii^^XdbedcZci^X]ZZXXZYdcd\a^hiVcYVgY^cYjhig^Va^#
>aA:9]VjcVk^iVY^'%#%%%dgZY^ajXZV+%•8Zd[[gZ*#*%%ajbZcY^djieji#:ÉY^hedc^W^aZXdcjcVkVhiVhXZaiVY^
Xdadg^ZXdcigZY^kZgh^i^e^Y^aZci^eZgY^kZghZaVg\]ZooZY^[VhX^d#
FjZhid h^hiZbV Y^ ajX^ A:9 ƒ hiVid egd\ZiiVid heZX^[^XVbZciZ eZg deZgVgZ Xdc WVhhZ ediZcoZ eZg VYViiVgh^ VaaV
Y^hedc^W^a^i|YZaaZWViiZg^ZVWdgYdZaVbVcjiZco^dcZYZaaVaVbeVYVk^ZcZZ[[ZiijViVYVaaÉ^ciZgcdYZaadhXV[d#
lll#fiaZY#Xdb
.&
AVhZg^ZY^ajX^FI-%h^V\\^jc\ZVaaVkVhi^hh^bV\VbbVY^egdYdii^JcYZglViZgA^\]ihAiYegd\ZiiViVeZgegdeg^ZiVg^
Y^e^XXda^cViVci^[^cdV^\gVcY^HjeZgnVX]ihcZabdcYd#8Vci^Zg^cVkVa^Y^ijiid^a\adWdhdcddgbV^[ZYZa^VaaVfjVa^i|
YZabVgX]^dJcYZglViZgA^\]ih!ViVaejcidX]Z^egdYdii^YZaaVhdX^Zi|hdcdegZhZci^hj^eg^cX^eVa^!eajg^egZb^Vi^
hjeZgnVX]iXdbZaVB$N6ccV!B$NHdaZbVg!B$N>adcV!H$NBVaiZhZ;VaXdc!B$N@^hbZiZB$NHZgfjZ#
CeZ[bbe
9jgViVYZaaVaVbeVYVVA:9
8dgedaVbeVYV
AZciZ
K98A:99g^kZg
GJ.&
'%#%%%dgZV+%•8
<6BB6ÆFIÇ
>egdYdii^JcYZglViZgA^\]ihAiYhdcd[VWWg^XVi^^cbViZg^Va^VYVii^VaaÉVbW^ZciZbVg^cdiZhiVi^VYVaiVegZhh^dcZigV
Xj^aÉVXX^V^d^cdm(&+A!aÉVaajb^c^d*%-(!^aWgdcod"Vaajb^c^d!^ai^iVc^dZbViZg^ZeaVhi^X]ZXdbeaZhhZ#
BViZg^VaZ7gdcod"6aajb^c^dZ6aajb^c^d*%-(
kZigdVaWdgdh^a^XVidhiVcYVgY
B^c''"BVm'-K98"VhhdgW^bZcidbVhh^bd(#(6
6a^bZciVo^dcZ
&%%"'+*K68#$deejgZ')kYX!XdggZciZbVhh^bV(#(6')K
I^e^Y^aVbeVYV
8]^eA:9h^c\dad**%%ab,'%%•@7^VcXd[gZYYd
.'
JAI^B6I:,*H6
KBJ_C7J;-+I7
>abdYZaadJAI^B6I:,*H6ƒjcVajXZhjWVXfjZVVhXV[dXdc\gVYdY^egdiZo^dcZ>EM-V&%WVg!YV^chiVaaVgZ
bZY^VciZhVaYVijgVV\a^hXV[^^cVaajb^c^dZVXX^V^d#
<gVo^ZVaaVcdhigViZXcdad\^V^cViiZhVY^WgZkZiid!^a[VhX^dY^ajXZVYZhhdejŒZhhZgZgZ\daVid^cVbe^ZooVZejŒ
ZhhZgZVc\daVid[^cdV'%\gVY^#
H^Xdch^\a^VaÉ^chiVaaVo^dcZYZaaVajXZVYVabZcd'*%bbhdiidaVa^cZVY^\VaaZ\\^VbZcidXdcb^c^bdXVg^Xd!Xdc
jcÉVc\daVo^dcZY^&*•kZghd^aWVhhd#EZgfjZhidhdcdY^hedc^W^a^YjZkZgh^dc^!V(%Z*%•Y^Vc\daVo^dcZ#
AVajXZJAI^B6I:,*H6V'*%LViiƒY^hedc^W^aZXdcadhiVgiZg^ciZ\gVidcZaXdgedaVbeVYV!eZgbZiiZcYdXdh‡
jcÉ^chiVaaVo^dcZYZaaÉVa^bZciVidgZ[^cdVjcVY^hiVcoVY^&%b#
8dc aZ bdY^[^X]Z egd\ZiijVa^ ^c ViiZhV Y^ WgZkZiid! aV \VbbV JA I^ B6I: H6 h^ g^Xdc[ZgbV aZVYZg bdcY^VaZ Y^
bZgXVidcZaaVhjVXViZ\dg^V#
<bki^
G^[#;ajh]688>6>DH%%(%%",*"H6">8:"K'$K(L'
G^[#;ajh]6AJH%%+%%",*"H6"K'$K(L'
7bbkc_d_e
G^[#(%•688>6>DH%%((%",*"H6">8:"K'$K(L'
G^[#(%•6AJH%%+(%",*"H6"K'$K(L'
7YY_W_e
G^[#*%•688>6>DH%%(*%",*"H6">8:"K'$K(L'
G^[#*%•6AJH%%+*%",*"H6"K'$K(L'
CeZ[bbe
'+&M
AVbeVYVV>dYjg^BZiVaa^X^BH9
AjXZ
(%%%dgZ
9jgViV
Ajb^cdh^i|
(+&M
&'#%%%abh
&.#%%%abh
&'%K68Ä&#)6
.%K68Ä'#)6
'(%K68Ä%#,6
'+*K68Ä&#'6
6a^bZciVo^dcZ
<gVYdY^egdiZo^dcZ
8Zgi^[^XVi^
.(
>EM-V&%WVg
>8:8aVhhAadnYÉhH>G6!8:
KBJ_C7J;-+I7<_n[Z
Ejg ZhhZcYd hegdkk^hiV YZa Y^hedh^i^kd H6 HjeZg
6Y_jhiVWaZ " h^hiZbV WgZkZiiVid Y^ gZ\daVo^dcZ
YZaaÉ^cXa^cVo^dcZZYZaaÉVeZgijgVYZa[VhX^dajb^cdhd
V ajXZ ^chiVaaViV! aÉVc\dad Y^ VeZgijgV g^bVcZ ad
hiZhhd\VgVciZcYdaVbVhh^bVZ[[^X^ZcoVajb^cdhV#
AÉVeZgijgV YZa egd^ZiidgZ ^cdaigZ ƒ hiVid VaaVg\Vid
eZgbZiiZcYd jc ^cXgZbZcid YZa '* YZaaV
ajb^cdh^i|#
>abdYZaadJAI^B6I:,*;>M:9ƒhiVidegd\ZiiVid
Xdc jc Xdged ajXZ g^Ydiid ^c ajc\]ZooV eZg
eZgbZiiZgcZ aÉ^chiVaaVo^dcZ VcX]Z ^c heVo^
a^b^iVi^#
H^Xdch^\a^VYÉ^chiVaaVgZaVajXZVYVabZcd'*%bb
hdiid aV a^cZV Y^ \VaaZ\\^VbZcid Y^ bZY^d XVg^Xd
*%cV[iVÄ*%VXfjV!XdcjcÉVc\daVo^dcZY^&*•
kZghd^aWVhhd#EZgfjZhidhdcdY^hedc^W^a^(bdYZaa^/
%•!(%•Z*%•Y^Vc\daVo^dcZYZaegd^ZiidgZ#
G^[#;ajh]688>6>DH%%(%%",*">8:"K'$K(L'
G^[#;ajh]6AJH%%+%%",*"K'$K(L'
JAI^B6I:,*H6;^mZY
AVJAI^B6I:,*;>M:9ƒjccjdkdbdYZaadY^ajXZhjWVXfjZVX]ZkVVXdbeaZiVgZaV\VbbVJAI^B6I:,*"H6
Z,*"H6L6I:GI><=I\^|hjabZgXVidXdchjXXZhhdYVVcc^#9V^chiVaaVgZbZY^VciZhVaYVijgVVhXV[^^cVaajb^c^d
ZVXX^V^d!Xdc[ZgbVcd^a\gVcYZkVciV\\^dYZaaVhdhi^ijo^dcZaVbeVY^cVYVaaÉ^ciZgcdYZaadhXV[d!Zk^iVcYdXdh‡Y^
bZiiZgZVhZXXdaVWVgXVZ\VgVciZcYdjcViZcjiVhiV\cVXZgi^[^XViVYVegdkZAadnYÉhV-%WVg#
G^[#(%•688>6>DH%%(%%",*">8:"K'$K(L'
G^[#(%•6AJH%%+(%",*"K'$K(L'
G^[#*%•688>6>DH%%(*%",*">8:"K'$K(L'
G^[#*%•6AJH%%+*%",*"K'$K(L'
CeZ[bbe
AjXZ
Ajb^cdh^i|
'+&M
AVbeVYVV>dYjg^BZiVaa^X^BH9
&'#%%%abh
&'%K68Ä&#)6
6a^bZciVo^dcZ
'(%K68Ä%#,6
<gVYdY^egdiZo^dcZ
8Zgi^[^XVi^
>EM-V&%WVg
>8:8aVhhAadnYÉhH>G6!8:
.)
KBJ_C7J;.&
JAI^B6I:-%ƒaVajXZhjWVXfjZVXdceVhhV\\^d
V hXV[d e^‘ Y^[[jhV eZg WVgX]Z Z nVX]i kZadX^ eZg
cVk^\Vo^dcZ Xdhi^ZgV# 6 a^kZaad bdcY^VaZ cZ hdcd
hiViZ^chiVaaViZ\^|e^‘Y^&%#%%%jc^i|#
AjXZY^hedc^W^aZVcX]ZXdcXdged
aVbeVYVVaajc\Vid#
JAI^B6I:-%
>aYZh^\cƒg^bVhidadhiZhhd!bVƒb^\a^dg Vid^a
\g jeed Y^ ^aajb^cVo^dcZ! aÉVa^bZciVidgZ Z aV
eVgVWdaV g^[aZiiZciZ! daigZ VaaV cjdkV iZXcdad\^V
YZaaZajX^hjWVXfjZZVad\ZcZZVaadmZcd#
AVJAI^B6I:-%ƒY^hedc^W^aZXdcjcÉVc\daVo^dcZ
higZiiVdVbe^VYZa[VhX^dY^ajXZ#AVajXZVaadmZcd
HD'+*' ji^a^ooV jc h^hiZbV Y^ Va^bZciVo^dcZ
ZaZiigdc^Xd Xdc WVaaVhi V Y^hiVcoV bV Xdc hiVgiZg
^cXdgedgVid# AV hiZhhV ajXZ ƒ Y^hedc^W^aZ cZaaV
kZgh^dcZXdc^aXdgedaVbeVYVe^‘ajc\dH%'+*'MI
eZg^chiVaaVo^dc^hjheZXX]^Y^edeeVbdaidheZhh^#
G^[#H%'+*'MI
AZajX^JcYZglViZgA^\]iheZgbZiidcdjcje\gVYZ
YZ^ bdYZaa^ Zh^hiZci^! d[[gZcYd V^ Xa^Zci^ aV
edhh^W^a^i| Y^ jc V\\^dgcVbZcid VaaÉjai^bV
iZXcdad\^VhZcoVYdkZgg^bjdkZgZ^aXdgedaVbeVYV
YVaadhXV[d#
8dgedajXZVaajc\Vid
8dgedajXZhiVcYVgY
Ajc\]ZooVidiVaZ&-'bb
Ajc\]ZooVidiVaZ&'.bb
9^VbZigd
9^VbZigd[dgd
9^VbZigd
-%bb
+&"('bb
-%bb
HeZhhdgZhXV[d/b^c/&'bb"bVm/+*bb
G^[#H%'-+%
CeZ[bbe
AjXZ
9ZhXg^o^dcZ
9jgViV
6a^bZciVo^dcZ
<gVYdY^egdiZo^dcZ
8Zgi^[^XVi^
.*
(&M
+%bb
HeZhhdgZhXV[d/b^c/+*bb"bVm/&&%bb
G^[#H%'+*'
++M
G^[#H%'+**
'&&M
,,%abh
AVbeVYVVaadmZcd
6ad\ZcV
HiVgiZg^ciZ\gVidVa^bZciVidgZVY^hiVcoV
HiVgiZg^ciZ\gVidVa^bZciVidgZVY^hiVcoV
6a^bZciVo^dcZY^gZiiV
(%#%%%dgZ
(#%%%dgZ
*%%dgZ
&'K88Ä&#+6
&'K98Ä+#)6
&'K98Ä-#(6
')K88Ä%#-6
')K98Ä'#*6
')K98Ä)#'6
>EM-V&%WVg
AadnYÉhH>G6!8:
KBJ_C7J;')&I7#KBJ_C7J;I7<_n[Z
>abdYZaadJAI^B6I:&(%ƒaVajXZhjWVXfjZVXdceVhhV\\^d
VhXV[de^‘[aZhh^W^aZZediZciZYZhi^cViVV\gVcY^^bWVgXVo^dc^
YVeZhXVhedgi^kVZbZ\VnVX]ig^c[dgoVi^^cKIG#
6Y^[[ZgZcoVYZabdYZaad&(%;^mZY!^abdYZaadH6]V^a[VhX^d
Y^ ajXZ gZ\daVW^aZ ^c Vbe^ZooV [^cd V +*• Z ejŒ ZhhZgZ
Vc\daVid [^cd V '%• ^c ijiiZ aZ Y^gZo^dc^# >a Y^VbZigd k^h^W^aZ
YZaaV aZciZ ƒ hiVid ^cXgZbZciVid YV^ egZXZYZci^ *- V\a^
ViijVa^+(bb#AVaVbeVYVJAI^B6I:&(%YV'*%LViiBH9
VjbZciVXdh‡a ÉZ[[^X^ZcoVajb^cdhV!g ^YjXZ^ahjgg^hXVaYVbZcid
Z fj^cY^ dii^ZcZ jcV bV\\^dgZ ^ciZch^i| YZa [VhX^d +%%%
ajbZc#
AV ajXZ JA I^ B6I: &(% H6 V '*% LVii ƒ Y^hedc^W^aZ Xdc ad
hiVgiZg ^ciZ\gVid cZa Xdged aVbeVYV! eZgbZiiZcYd Xdh‡
jcÉ^chiVaaVo^dcZYZaaÉVa^bZciVidgZ[^cdVjcVY^hiVcoVY^&%b#
9^VbZigd&%%#%
G^[#H%'+*'MI
8dcaZbdY^[^X]Zegd\ZiijVa^^cViiZhVY^WgZkZiid!aV\VbbV
JA I^ B6I: H6 h^ g^Xdc[ZgbV aZVYZg bdcY^VaZ Y^ bZgXVid
cZaaVhjVXViZ\dg^V#
JAI^B6I:&(%H6"JAI^B6I:H6;^mZY
>abdYZaad'*%LƒY^hedc^W^aZ
XdcWVaaVhieZgajb^cdh^i|Y^bbVW^aZ#
9^VbZigd&%%#%
JAI^B6I:&(%H6"L&'*%L6II
G^[#H%%),*"H6"K&L&
JAI^B6I:&(%H6"L'&*%L6II
G^[#H%%),*"H6"K'$K(L(
CeZ[bbe
'+&M
AVbeVYVV>dYjg^BZiVaa^X^BH9
AjXZ
(%%%dgZ
9ZhXg^o^dcZ
Ajb^cdh^i|
(+&M
&'#%%%abh
&,#%%%abh
&'%K68Ä&#'6
&'%K68Ä'#'6
'(%K68Ä%#-6
'(%K68Ä&#&6
6a^bZciVo^dcZ
<gVYdY^egdiZo^dcZ
8Zgi^[^XVi^
>EM-V&%WVg
AadnYÉhH>G6!8:
.+
<VbbVajX^VA:9
>[b_Z[Ya#BkY_Wjj[hhW]]_efedj_lebe[b_Yejj[he
G^[#H()(&
AV>;B?9EFJ;HKFB?=>Jƒegd\ZiiViVeZg^chiVaaVo^dc^hj^edci^
kdad YZ\a^ nVX]i Z g^X]^ZYZ aÉ^chiVaaVo^dcZ igVb^iZ jc ^chZgid ^c
VXX^V^dd^cVaajb^c^d#
FjZhi^ ^chZgi^! YV hVaYVgZ V [^ad YZa edciZ kdad! hdcd [VWWg^XVi^ ^c
VXX^V^d(&+AHHdVaajb^c^d*%-(#
AVeVgiZ^aajb^cVciZƒVA:9ZhdcdY^hedc^W^a^^Xdadg^gdhhd!\^Vaad!
kZgYZ! Waj Z W^VcXd/ aV XdbW^cVo^dcZ YZ^ Xdadg^ YZkZ g^heZiiVgZ aV
cdgbVi^kV86E)(,#
>aXdgedajXZeg^cX^eVaZƒ[VWWg^XViVXdbeaZiVbZciZ^cVXX^V^d(&+A
HHZk^ZcZ[dgc^iVhiVcYVgYXdceVgiZk^h^W^aZhjeZg^dgZajX^YV#
AVaZciZ^ckZigdVaWdgdh^a^XVidYV&*bbY^heZhhdgZejŒgZh^hiZgZ
V-%WVgY^egZhh^dcZZYjcViZbeZgVijgVX]dXY^(*%•8#
AVajXZk^ZcZ[dgc^iVhiVcYVgYXdcVa^bZciVidgZeZgA:9V&'$')KYX
Y^bbVW^aZ!deo^dcVaZVg^X]^ZhiV&'%$'(%KVX#
CeZ[bbe
>[b_Z[Ya
Ajb^cdh^i|
-#%%%abh
9ZhXg^o^dcZ
9g^kZgA:9&'"')kYX!Y^hedh^i^kdY^Y^bb^c\V%"&%Kdai
6a^bZciVo^dcZY^gZiiVV&'%"'(%KVX
6a^bZciVo^dcZ
<gVYdY^egdiZo^dcZ
G^[#H)%'&&"HH
AjXZ V A:9 h^c\dad [^hhd
YV & lVii Xdc [gdciVaZ ^c
VXX^V^d ajX^Yd (&+HH Z jc
bZigdY^XVkdegZXVWaVid#
>a A:9 ƒ Y^hedc^W^aZ ^c '
bdY^/XdadgZXVaYddXdadgZ
[gZYYd# >a [gdciVaZ ƒ >E+-!
bZcigZ ^a gZigd ƒ >E))# >a
[gdciVaZ ƒ Y^hedc^W^aZ ^c
YjZ Y^kZghZ b^hjgZ/
e^XXdad gZ[# H)%'%& d
bZY^d#kY#;^\jgV#
AjXZe^XXdaVVA:9h^c\dad
i^ed :nZWVaa Xdc [gdciVaZ
^cVXX^V^dajX^Yd(&+HHZjc
bZigdY^XVkdegZXVWaVid#>a
A:9ƒY^hedc^W^aZ^c'bdY^/
XdadgZ XVaYd d XdadgZ
[gZYYd# AVc\dad YZa [VhX^d
ejΠZhhZgZ gZ\daVid V
e^VXZgZ#
G^[#H)%'%&"HH
AjXZVA:9h^c\dad[^hhdYV
&lViiXdc[gdciVaZ^cVXX^V^d
ajX^Yd (&+HH Z jc bZigd Y^
XVkdegZXVWaVid#
>aA:9ƒY^hedc^W^aZ^c'bdY^/
XdadgZXVaYddXdadgZ[gZYYd#
>a [gdciVaZ ƒ >E+-! bZcigZ ^a
gZigdƒ>E))#
AjXZ V A:9 h^c\dad i^ed
Æ:nZWVaaÇ Xdc [gdciVaZ ^c
VXX^V^dajX^Yd(&+HHZjc
bZigdY^XVkdegZXVWaVid#
>a[gdciVaZƒ>E+-!bZcigZ^a
gZigd ƒ >E))# AVc\dad YZa
[VhX^dejŒZhhZgZgZ\daVid
Ve^VXZgZ#
G^[#H)%&*)"HH
>E+,
86E)(,
8Zgi^[^XVi^
G^[#H)%'*'"HH
AjXZ Æ9dX` a^\]iÇ V ig^ead
A:9X]Z^be^Z\VA:9YV(
lVii# AV ajXZ ƒ >E+- Z
cZXZhh^iVY^ZhhZgZ^bbZg"
hVYjgVciZaji^a^ood#
G^[#H)%*'%"HH
.,
AV\VbbVY^ajX^JC9:GL6I:GA><=IHƒegd\ZiiViV
eZg a^be^Z\d cZaaZ bVg^cZ! ^c e^hX^cZ! XVhXViZ
YVXfjV!^aajb^cVo^dcZY^VbW^Zci^Z\^VgY^c^#
;dcYViV cZa &.,*! K^Xigdc :cZg\n ƒ jcÉVo^ZcYV daVcYZhZ heZX^Va^ooViV cZaaV
egd\ZiiVo^dcZZcZaaVegdYjo^dcZY^h^hiZb^eZgaÉZcZg\^VZaZiig^XV^cVbW^idcVji^Xd!
X^k^aZZ^cYjhig^VaZ#9VhZbegZdg^ZciViVkZghdaVg^XZgXViZXcdad\^XVZ^aYZh^\c!d\\^
K^Xigdc:cZg\nƒh^cdc^bdY^^cXdbeVgVW^aZ^ccdkVo^dcZiZXc^XV!V[[^YVW^a^i|ZfjVa^i|
Y^ Xdhigjo^dcZ# AV \VbbV YZ^ eg^cX^eVa^ egdYdii^ ^cXajYZ ^ckZgiZg! ^ckZgiZg$
XVg^XVWViiZg^Z!XdckZgi^idg^98$98!XdbbjiVidg^VjidbVi^X^Zbdc^idgeZgWViiZg^Z#>
egdYdii^ K^Xigdc :cZg\n hdcd jcV hXZaiV egd[Zhh^dcVaZ eZg aÉZcZg\^V ZaZiig^XV
VjidcdbV Z hdcd ji^a^ooVi^ ^c ijiiZ fjZaaZ h^ijVo^dc^ ^c Xj^ cdc ƒ Y^hedc^W^aZ d ƒ
a^b^iViVaÉZcZg\^VZaZiig^XVVW^ijVaZYVaaVgZiZdYVjc\ZcZgVidgZ#
.-
9Wh_YWXWjj[h_[
8Vg^XVWViiZg^Z
8bk[Fem[h'(%(*L?F(&
™8dged^cVaajb^c^dWajGVa*%&'!XaVhhZY^egdiZo^dcZ>E'%
™>cejijc^kZghVaZ.%Ä'+*K68deejgZ+%Ä'+*K98/h^ejŒVa^bZciVgZ
XdcfjVah^Vh^iZch^dcZY^hedc^W^aZ
™8^XadY^XVg^XVV)[Vh^/aV)V[VhZÈhidgV\ZÉY^bVciZc^bZcidegdiZ\\Z
aVWViiZg^VfjVcYdcdcjhViV
™EgdiZo^dcZiZgb^XVXdcigdaaViVYVkZcidaVh^aZco^dhV
™'A:9^cY^XVidg^Y^XVg^XV
CeZ[bbe
LebjW]]_e
9ehh[dj[YWh_YW
<Wjjeh[
Z_fej[dpW
:_c[di_ed_
^nmnZ_dcc
F[iea]
,
&'$,
&'$&%
?dfkj
&'
&'$&*
')$*
&%
.%Ä'+*K68
&*
d
*
.%Ä(*%K98
&
*%m-*m'%%
&!(
')
-
')$-
8bk[Fem[h'(%(*LÉMWj[hfhee\Ê?F,+
™8dgedhiV\cd^cVaajb^c^dWajGVa*%&'!XaVhhZ>E+*/
gZh^hiZciZVaaÉVXfjV!V\a^jgi^Z^\c^[j\d
™;dgc^idXdcXVkdYV&!*bXdcegZhV:jgdeVXaVhhZ&XZgi^[^XViV8:
™EgdiZo^dcZiZgb^XV
™8Vg^XVVjidbVi^XV^c([Vh^>JdJD
™'A:9^cY^XVidg^Y^XVg^XV
CeZ[bbe
LebjW]]_e
9ehh[dj[YWh_YW
&'$,
,
,
&'$&,
&,
&,
')$(
(
(
')$&'
&'
&'
?dfkj
'%%Ä'+*K68
)*Ä+*=o
<Wjjeh[
Z_fej[dpW
:_c[di_ed_
^nmnZ_dcc
F[iea]
)(m-%m&**
&!&
),m..m&.(
&!)
)(m-%m&**
&!&
),m..m&.(
&!)
&
IaobbWJ=(*L
EZg[Zii^eZgfjVah^Vh^i^edY^WViiZg^V#
AViZch^dcZY^XVg^XVejŒZhhZgZVXXjgViVbZciZgZ\daViVZVYViiViV
VYd\c^i^edY^WViiZg^V#
HdegViijiid eZg aZ WViiZg^Z h^\^aaViZ! X]Z cdc cZXZhh^iVcd Y^
bVcjiZco^dcZ! ƒ Y^ [dcYVbZciVaZ ^bedgiVcoV VkZgZ jcV iZch^dcZ
XdggZiiVZhiVW^aZY^XVg^XV#
D\c^XVg^XVWViiZg^VYZaaVhZg^ZI<ƒYdiVidY^jcb^XgdegdXZhhdgZ
X]Z gZ\daV ^c bdYd egZX^hd aV XVg^XV ^c ( [Vh^ hZXdcYd aZ
XVgViiZg^hi^X]Z>JdJd#
™Ji^a^ooVW^aZXdbZhdg\ZciZY^Va^bZciVo^dcZ
™9^hedc^W^aZbdYZaa^V')Z)-K
™JcÉjhX^iVVediZcoVcdb^cVaZe^‘jcV[^hhVV)6ZhXa#^bdYZaa^V)-K
™;dgc^idY^hZg^ZXdc^ahZchdgZY^iZbeZgVijgV#
Dei^dcVa^ahZchdgZeZgXdbeZchVgZaVXVYjiVhjXVk^bdaidajc\]^
CeZ[bbe
LebjW]]_e
9ehh[dj[YWh_YW
')$(%
(%
')$*%
*%
?dfkj
<Wjjeh[
Z_fej[dpW
:_c[di_ed_
^nmnZ_dcc
F[iea]
*!*
,*
')$-%
')
..
&-*Ä'+)K68
)*Ä+*=o
&
)
')$&%%
&%%
')$*%ig^[VhZ
*%
')$&%%ig^[VhZ
&%%
('%Ä)*%K68
)*Ä+*=o
(+*m'*%m&),
&%
&(
*&*m'+%m'+*
'(
9Wh_YWXWjj[h_[
AZeVgi^ZhiZgcZhdcd^cVaajb^c^dg^kZhi^iZXdcedakZgZZedhh^Y^XV!Xdc
egdiZo^dc^ Vci^"\dXX^daVbZcid >E'& Z [^hhV\\^ ^c VXX^V^d ^cdhh^YVW^aZ
gZcYdcd fjZhi^ egdYdii^ bdaid gZh^hiZci^ VY VbW^Zci^ VkkZgh^/ XVaYd!
jb^Y^i|ZVg^VhVabVhigV#
>X^gXj^i^ZaZiigdc^X^hdcdegdiZii^YVaaVXdggdh^dcZXdcjcg^kZhi^bZcid
VXg^a^Xd#
>hZchdg^eZgaViZbeZgVijgVVhh^XjgVcdX]Zijii^^XdbedcZci^deZg^cd
^cbdYddii^bVaZ!hZcZXZhhVg^dViigVkZghdjcVg^Yjo^dcZVjidbVi^XV
YZaaVXdggZciZ^cjhX^iV^cZhigZbZXdcY^o^dc^VbW^ZciVa^#
™IZch^dcZY^^cejijc^kZghVaZYV.%V'+*Kdai
™IgZjhX^iZXVeVX^Y^\Zhi^gZd\cjcVaVediZcoVcdb^cVaZ
™8Vg^XV^c([Vh^!Xdc[jco^dcZY^XdbeZchVo^dcZYZaaViZbeZgVijgV
™6beZgdbZigdVcVad\^Xd^cXajhdeZg^abZgXVidJH6
CeZ[bbe
LebjW]]_e
9ehh[dj[Z_
YWh_YWdec_dWb[
&'$'%
&'
'%
(**m'&*m&&%
(!-
&'$(%
&'
(%
(**m'&*m&&%
(!-
&'$)%
&'
)%
)'+m'(.m&(*
*
&'$*%
&'
*%
)'+m'(.m&(*
*
&'$+%
&'
+%
)'+m'(.m&(*
*
&'$-%
&'
-%
*%*m'**m&(%
&'
&'$&%%
&'
&%%
*%*m'**m&(%
&'
*%*m'**m'(%
&+
?dfkj
<Wjjeh[
Z_fej[dpW
.%Ä'+*K68
d
:_c[di_ed_
^nmnZ_dcc
8Vg^XVWViiZg^Z
9[djWkh
F[iea]
&
&'$'%%
&'
'%%
')$&+
')
&+
(**m'&*m&&%
(!-
')$(%
')
(%
)'+m'(.m&(*
*
')$)%
')
)%
*%*m'**m&(%
&'
')$+%
')
+%
*%*m'**m&(%
&'
')$-%
')
-%
*%*m'**m'(%
&+
')$&%%
')
&%%
*%*m'**m'(%
&+
.%Ä(*%K98
F^e[d_n
™8Vg^XVVYVii^kVV)[Vh^/Wja`ÄVWhdgei^dcÄ[adViÄhidgV\Z!
'jhX^iZ &)6beZgZ
™;VhZÈVWhdgei^dcÉViZbedkVg^VW^aZVhZXdcYV
YZaadhiVidY^hXVg^XVYZaaVWViiZg^V
™BdYdÆ7ViiZgnHV[ZÇeZgegZkZc^gZ^YVcc^egdkdXVi^YVjcVfjVci^i|
ZXXZhh^kVY^\Vh
™;VhZÆhidgV\ZÇ/bVcjiZco^dcZZ^ckZXX]^VbZcida^b^iVi^
XdcWViiZg^ZVg^edhd
™9^hZg^Z^ahZchdgZY^iZbeZgVijgV#Dei^dcVa^ahZchdgZ
eZgXdbeZchVgZaVXVYjiVY^iZch^dcZXdcXVk^bdaidajc\]^
™Edhh^W^a^i|Y^XdccZhh^dcZVaE8Xdchd[ilVgZKZCZiY^hedc^W^aZ
\gVij^iVbZciZhjah^idlll#k^XigdcZcZg\n#XdbeZgVXXZYZgZV
[jco^dc^VkVcoViZ
CeZ[bbe
LebjW]]_e
9ehh[dj[Z_
YWh_YWdec_dWb[
&'$(%
&'
(%
&'$*%
&'
*%
')$&+
')
&+
')$'*
')
'*
?dfkj
<Wjjeh[
Z_fej[dpW
.%Ä'+*K68
&
:_c[di_ed_
^nmnZ_dcc
(*%m'%%m&%-
F[iea]
(!-
./
F^e[d_nCkbj_9ecfWYj#Ckbj_Fbki
Ckbj_\kdp_edWb["Yed][ij_ed[_dj[bb_][dj[Z[bbWfh[iWXWdY^_dW[Z[b][d[hWjeh[$
Bjai^
>aBjai^ƒjcediZciZ^ckZgiZgH^cZLVkZejgd!jchd[^hi^XVidXVg^XVWViiZg^ZXdciZbedY^[VhZÈVWhdgWi^dcÉkVg^VW^aZ
ZYjcXdbbjiVidgZY^ediZcoV68VYVaiVkZadX^i|!ijiid^cjcÉjc^XVjc^i|XdbeViiV#
DaigZVfjZhiZ[jco^dc^eg^bVg^Z!^aBjai^^cXajYZbdaiZVaigZXVgViiZg^hi^X]ZVkVcoViZeZgjcVkVhiV\VbbVY^
cjdkZVeea^XVo^dc^!igVXj^/
™ EdiZcoV68^c^ciZggdiiV[jco^dcZJEH/hZeZgfjVah^Vh^bdi^kdh^^ciZggdbeZaV[dciZeg^cX^eVaZY^ediZcoV
68^aBjai^h^Vii^kV^bbZY^ViVbZciZXdbZ^ckZgiZgeZgbVciZcZgZVa^bZciViVaÉjiZcoV68Y^WdgYd#
FjZhidVkk^ZcZXdh‡kZadXZbZciZbZcdY^'%bhX]ZcZbbZcdjceXdjcVeeVgZXX]^dZaZiigdc^Xd
hZch^W^aZdgdad\^dY^\^iVaZ!i^bZg!ZXX#hZcZVXXdg\Zg|
™ Edhh^W^a^i|Y^XdaaZ\VbZcid^ceVgVaaZad[^cdV+jc^i|ZY^cXdc[^\jgVo^dcZig^[VhZ[^cdV&-jc^i|
™ ;jco^dcZEdlZg8dcigda/eZga^b^iVgZaVediZcoVVhhdgW^iV^cbdYdYVcdchdkgVXXVg^XVgZaVegZhV
WVcX]^cVd^a\ZcZgVidgZcZXZhhVg^deVccZaadY^XdcigdaadZhiZgcd
™;jco^dcZEdlZg6hh^hihdadhjBjai^Eajh/eZg^ciZ\gVgZaV[dciZY^ediZcoV68eg^cX^eVaZegZaZkVcYd ZcZg\^VYVaaZWViiZg^Z#Ji^aZVYZhZbe^deZg^ciZ\gVgZY^ediZcoVfjZaaVZ[[Zii^kVbZciZY^hedc^W^aZ
VWdgYdfjVcYdƒg^X]^Zhidjce^XXdY^VhhdgW^bZcid^begdkk^hd#6eeZcV^aXVg^Xd68h^g^hiVW^a^hXZ!
aZWViiZg^ZkZc\dcdg^XVg^XViZXdcaÉZkZcijVaZZcZg\^VgZh^YjVcdcji^a^ooViV
™8Vg^XVWViiZg^ZVkVcoVidV)[Vh^![VhZÈVWhdgWi^dcÉViZbedkVg^VW^aZ!jcÉjhX^iVVediZcoVcdb^cVaZ!jcÉjhX^iV
[^hhVV)6#kZYZgZhZo^dcZ8Vg^XVWViiZg^ZE]dZc^meZgbV\\^dg^^c[dgbVo^dc^
™ HZh^^chiVaaV^aBjai^Xdcjc\ZcZgVidgZƒY^hedc^W^aZjcXdbbjiVidgZY^ediZcoV68ZhiZgcd
EdlZgBVcXdcediZcoZ[^cdV-%6
™ GZaƒk^gijVaZegd\gVbbVW^aZ^ciZgcd#6YZhZbe^deZgXdbVcYVgZVjidbVi^XVbZciZaÉVkk^VbZcidYZa
\ZcZgVidgZhZaVXVeVX^i|gZh^YjVYZaaZWViiZg^ZƒYgVhi^XVbZciZg^YdiiVYjgVciZaÉjhdXdbZ^ckZgiZg
/&
F^e[d_n
9'(%.&&%)+
9'(%'(&&%+&
9'(%',&&%-&
'(%(&&&%.&
'(%)&&&%'(&
Ckbj_fbki
9(*%.&&%',
9(*%'(&&%(+
9(*%',&&%*&
(*%(&&&%+&
(*%)&&&%-&
EdlZg8dcigda
H^
H^
H^
H^
H^
H^
EdlZg6hh^hi
Cd
Cd
Cd
Cd
Cd
Cd
IgVch[Zghl^iX]6
&+
&+
&+
&
&+d*%
&+
Bjai^
(*%+&&&%'(&
?DL;HJ;H
.!*Ä&,K&.Ä((K(-Ä++K
>cejiK98
DjiejiiZch^dcZ/'(%K68¥';gZfjZcoV/*%=o¥%!&
Djieji
Edi#Xdci^cjVV'*•8K6
-%%
&'%%
&(%%
'%%%
(%%%
*%%%
Edi#Xdci^cjVV'*•8L
,%%
&%%%
&(%%
&+%%
'*%%
)'*%
Edi#Xdci^cjVV)%•8L
+*%
.%%
&'%%
&)*%
'%%%
((*%
EdiZcoVY^e^XXdL
&+%%
')%%
(%%%
)%%%
+%%%
&%#%%%
:[[^X^ZcoVbVm
.'$.)
.($.)
.($.)
.($.)$.*
.($.)
.)$.*
*$-
*$-
*$-
,$.
&%$&%$&'
'%$'%
8dchjbdVXVg^XdcjaadL
97H?9787JJ;H?7
&-,"'+*K68>beji[gZfjZcoV/)*Ä**=o;ViidgZY^ediZcoV/&
>ceji68
IZch^dcZY^XVg^XVbdYdÈVWhdgei^dcÉK98
&)!)$'-!-$*,!+
IZch^dcZY^XVg^XVbdYd[adViK98
&(!-$',!+$**!'
IZch^dcZY^XVg^XVbdYdÈhidgV\ZÉK98
&(!'$'+!)$*'!-
8dggZciZY^XVg^XVeZgWViiZg^ZhZgk^o^6
(*$&+
*%$'*
,%$)%
8dggZciZY^XVg^XVWViiZg^VYÉVkk^VbZcid6
)
HZchdgZiZbeZgVijgVWViiZg^V
H^
-%$*%
&'%$,%$(%
&'%$,%
Yg^kZggZaƒ
gZaƒ
gZaƒ
97H?9787JJ;H?7
9g^kZggZaƒbjai^[jco^dcZdgZaƒ
IZbeZgVijgVYÉZhZgX^o^d
Yg^kZggZaƒ
Yg^kZggZaƒ
Yg^kZggZaƒ
9V"'%V *%•8gV[[gZYY#VkZcidaVJb^Y^i|/bVm.*cdcXdcYZchVciZ
;D9BEIKH;
8VgViiZg^hi^X]Z\ZcZgVa^
BViZg^VaZZXdadgZ/Vaajb^c^dWajG6A*%&'EgdiZo^dcZ/>E'&
8dccZhh^dcZaVidWViiZg^V
XVk^eZgWViiZg^V&#*bZig^
8dccZhh^dcZeZg'(%K68
8dccZiidgZ<"HI&-^
6iiVXXdVbdaaV
&%
&'
&-
(%
(,*m'&)m&&%
*'%m'**m&'*
(+'m'*-m'&-
)))m('-m')%
EZhd`\
9^bZch^dc^Vmame^cbb
i^edB-
6iiVXXdVk^iZ
IJ7D:7H:I
H^XjgZooV
:C+%((*"&!:C+%((*"'"'.
:b^hh^dc^
:C**%&)"&!:C+&%%%"("'$:C**%&)"'!:C+&%%%"("(
>bbjc^i|
.*$*)$:8Z'%%)$&%)$:8
/'
?dl[hj[hF^e[d_n
>ckZgiZg
H^cjhBVm/egd\ZiiVo^dcZY^i^edhjeZg^dgZ
<a^ ^ckZgiZg E]dZc^m hdcd XdcXZe^i^ eZg jc ji^a^ood egd[Zhh^dcVaZ Z hdcd
VYVii^eZgaZVeea^XVo^dc^e^‘Y^heVgViZ#>Xg^iZg^Y^egd\ZiiVo^dcZhdcdhiVi^
aV XgZVo^dcZ Y^ jc ^ckZgiZg V h^cZ lVkZ gZVaZ Xdc Z[[^X^ZcoV dii^b^ooViV
hZcoV VaXjc XdbegdbZhhd hjaaV eZg[dgbVcXZ# <gVo^Z VaaÉ^be^Z\d YZaaV
iZXcdad\^V =; ^Wg^YV! ^a g^hjaiVid ƒ jc egdYdiid Y^ VaiV fjVa^i| Xdc
Y^bZch^dc^ XdbeViiZ! Y^ eZhd aZ\\Zgd! XVeVXZ Y^ [dgc^gZ ediZcoV hZcoV
egdWaZb^VfjVah^Vh^jiZcoV#
JcVediZcoVZmigVY^Vkk^VbZcid
EVgi^XdaVgZ YZaaV iZXcdad\^V H^cjhBVm ƒ aÉVaiV ediZcoV Y^ e^XXd eZg
Vkk^VbZci^# AV iZXcdad\^V YZaaZ VaiZ [gZfjZcoZ XdckZco^dcVaZ cdc ƒ ^c
\gVYdY^d[[g^gZjcViVaZegZhiVo^dcZ#<a^^ckZgiZgE]dZc^mhdcdeZgiVcid
eVgi^XdaVgbZciZ^cY^XVi^eZgijii^fjZ\a^VeeVgZXX]^X]Zg^X]^ZYdcdjcÉVaiV
ediZcoVY^Vkk^dXdbZ^XdbegZhhdg^eZgh^hiZb^[g^\dg^[Zg^!bdidg^ZaZiig^X^
ZVeeVgZXX]^h^b^a^#>abdYZaad')$-%%VYZhZbe^dƒhj[[^X^ZciZeZgVkk^VgZ
jccdgbVaZ[g^\dg^[Zgd#
™<VbbVbdYZaa^V&'Z')K
™EdiZcoVegVi^XVbZciZ^aa^b^iViV/eZgVaXjc^bdYZaa^ edhh^W^a^i|Y^XdaaZ\VbZcid^ceVgVaaZaZ^cXdc[^\jgVo^dcZig^[VhZ
™Edhh^W^a^i|Y^XdccZhh^dcZVaE8Xdchd[ilVgZKZCZi
Y^hedc^W^aZ\gVij^iVbZciZhjah^idlll#k^XigdcZcZg\n#Xdb
™9^hedc^W^a^XdcegZhVeZghe^cZ>:8dHX]j`d
CeZ[bbe
LebjW]]_e
Fej[dpW
f_YYeM
Fej[dpWYedj_dkW
W(+–M%*&–M
&'$&-%
&'
'%%
&,*$&*%
&'$(*%
&'
*%%
(%%$'*%
&'$,*%
&'
&)%%
,%%$+*%
8&'$&'%%
&'
''%%
&%%%$.%%
8&'$&+%%&
&'
'(%%
&(%%$&'%%
?cfkjL:9
&%!*Ä&*!%
:_c[di_ed_
^nmnZ_dcc
F[ieA]
,'m&('m'%%
'!,
,'m&**m'(,
(!*
,'m&-%m'.*
'!,
(,*m'&)m&&%
&%
.!*Ä&+!%
8&'$'%%%
&'
)%%%
&+%%$&)*%
*'%m'**m&'*
&'$(%%%
&'
+%%%
'*%%$'%%%
(+'m'*-m'&-
&-
')$&-%
')
'%%
&,*$&*%
,'m&('m'%%
'!,
')$(*%
')
*%%
(%%$'*%
,'m&**m'(,
(!*
')$,*%
')
&)%%
,%%$+*%
,'m&-%m'.*
'!,
8')$&'%%
')
''%%
&%%%$.%%
8')$&+%%&
')
(%%%
&(%%$&'%%
'&!%Ä(&!%
&.!*Ä('!'
(,*m'&)m&&%
&%
8')$'%%%
')
)%%%
&+%%$&)*%
')$(%%%&
')
+%%%
'*%%$'%%%
*'%m'**m&'*
(+'m'*-m'&-
&-
')$*%%%
')
.%%%
)%%%$(%%%
)))m('-m')%
(%
&.!*Ä((!%
&egZY^hedhideZgXdaaZ\VbZci^^ceVgVaaZadZ^cXdc[^\jgVo^dcZig^[VhZ#
DkelWb_d[WZ__dl[hj[hYecfWjj_F^e[d_n
™JhX^iVh^cZlVkZejgV/VYViiVeZgZaZiigdc^XVhZch^W^aZ
™6aiVZ[[^X^ZcoV
™8dcigdaadVb^XgdegdXZhhdgZ/egdiZo^dcZXdcigdYVcc^VXX^YZciVa^
™8Vk^Y^XdccZhh^dcZWViiZg^V^cXajh^
™IZgb^cVa^eZgdc$d[[VY^hiVcoV
/(
>aE]dZc^mBjai^$Bjai^EajhejŒZhhZgZVo^dcVidVY^hiVcoVVjidbVi^XVbZciZ
VaaVajXZYZaaÉVbW^ZciZ#>aeVccZaadY^XdcigdaadƒXdaaZ\VidigVb^iZjcXVkd
hiVcYVgY JIE# Ed^X]‚ aV XdggZciZ Y^ iZggV[ZgbV Y^hedc^W^aZ ƒ heZhhd
a^b^iViV! ƒ edhh^W^aZ ^bedhiVgZ aV XdggZciZ bVhh^bV Y^ iZggV[ZgbV YVa
eVccZaad# >c iVa XVhd! ^a E]dZc^m Bjai^$Bjai^Eajh a^b^iV ^a Xdchjbd eZg aV
g^XVg^XVYZaaVWViiZg^VfjVcYdaVXdggZciZY^iZggV[ZgbVg^hX]^VY^hjeZgVgZ
^akVadgZbVhh^bd^bedhiVid#AVajb^cdh^i|YZaaZhe^Zk^ZcZ^cdaigZVYViiViV
VjidbVi^XVbZciZVaaVajXZYZaaÉVbW^ZciZ#
>aeVccZaadE]dZc^m9jd8dcigdaeZgbZiiZY^gZ\daVgZ^ae^XXdbVhh^bdh^V
YZaaVXdggZciZY^WVcX]^cVh^VYZaaVXdggZciZYZa\ZcZgVidgZ#
EVccZaa^Y^Xdcigdaad
FWdd[bbeZ_YedjhebbeF^e[d_nCkbj_
FWdd[bbeZ_YedjhebbeF^e[d_n?dl[hj[h9edjheb
FjZhid eVccZaad ejΠZhhZgZ ji^a^ooVid hj jc E]dZc^m Bjai^$Bjai^Eajh hZ
cdc h^ YZh^YZgV VaXjcV [jco^dcZ Y^ XVg^XV! bV h^ YZh^YZgV Vo^dcVgZ jc
^ckZgiZg#AV ajb^cdh^i| YZaaZ he^Z k^ZcZ ^cdaigZ VYViiViV VjidbVi^XVbZciZ
VaaVajXZYZaaÉVbW^ZciZ#
HdadeZg^bdYZaa^/&'$&'%%!&'$&+%%!&'$'*%%!')$&'%%!')$&+%%!')$(%%%#
>aeVccZaadY^XdcigdaadƒXdaaZ\VidbZY^VciZjcXVkdhiVcYVgYJIE#
FWdd[bbeZ_YedjhebbeF^e[d_n9^Wh][h9edjheb
FjZhid eVccZaad XdchZciZ Y^ iZcZgZ hdiid Xdcigdaad ijiiZ aZ he^Z YZa
XVg^XVWViiZg^V E]dZc^m Z Y^ k^hjVa^ooVgZ aV XdggZciZ Y^ XVg^XV ViijVaZ#
8dchZciZ ^cdaigZ Y^ a^b^iVgZ aV XdggZciZ bVhh^bV Y^ XVg^XV# 8^Πg^hjaiV
eVgi^XdaVgbZciZ ji^aZ hZ aÉVa^bZciVo^dcZ Y^ gZiZ ƒ Vhh^XjgViV Xdc YZ^
[jh^W^a^hjjckVadgZWVhhdZhdcdXdaaZ\Vi^VcX]ZVaig^jiZci^#
AV ajb^cdh^i| YZaaZ he^Z k^ZcZ ^cdaigZ VYViiViV VjidbVi^XVbZciZ VaaV
ajXZ YZaaÉVbW^ZciZ# >a eVccZaad Y^ Xdcigdaad ƒ XdaaZ\Vid bZY^VciZ jc
XVkdhiVcYVgYJIE#>aeVccZaadY^XdcigdaadXVg^XVWViiZg^ZƒY^hedc^W^aZ
VcX]ZeZg^abdYZaadH`naaV#
:_ifei_j_leZ_Yedjhebbe
XWjj[h_[8CL#,&&[8CL#,&(
>a 7BK"+%% Z ^a 7BK"+%' hdcd ^ cdhig^ jai^b^ bdYZaa^ Y^ Xdcigdaadg^ Y^
WViiZg^V VY VaiV egZX^h^dcZ# AV [jco^dcZ eg^cX^eVaZ Y^ jc XdcigdaadgZ Y^
WViiZg^ZXdch^hiZcZaXVaXdaVgZ\a^VbeZgdgVXdchjbVi^ZadhiVidY^XVg^XV
Y^ jcV WViiZg^V# >a Xdchjbd Y^ VbeZgdgV k^ZcZ XVaXdaVid ^ciZ\gVcYd ^a
[ajhhdY^XdggZciZ^cZcigViVd^cjhX^iVYZaaVWViiZg^V#
™
™
™
™
™
6aiVg^hdajo^dcZ/&%b6%!%&6XdcYZg^kVidgZYV*%%6#
8dchjbdZaZiig^Xde^‘WVhhd/&b6#
E^‘[VX^aZYVXdaaZ\VgZ/^a7BK"+%%k^ZcZ[dgc^idXdcjcYZg^kVidgZ
h]jci!&%bZig^Y^XVkdG?&'JIEZ'bZig^Y^XVkdY^Va^bZciVo^dcZ
Xdc[jh^W^aZ^ciZ\gVid#CdcdXXdggZVaigd#
;VX^aZYV^chiVaaVgZ/bVhX]Zg^cZVciZg^dg^gdidcYZdfjVYgViZ0
VcZaadeZgbdciV\\^dedhiZg^dgZZk^i^eZgbdciV\\^d[gdciVaZ#
9^hedc^W^aZVcX]Z^ccZgd#
/)
F^e[d_nGkWjjhe
>a FjViigd ƒ jc ^ccdkVi^kd egdYdiid K^Xigdc :cZg\n X]Z g^egZcYZ bdaiZ
XVgViiZg^hi^X]ZYZaaV\VbbVBjai^Eajh#
9^hedc^W^aZcZ^bdYZaa^/&'$(%%%$&'%!')$(%%%$,%Z')$*%%%$&'%#
FjViigd
9WhWjj[h_ij_Y^[fh_dY_fWb_0
™9jZa^cZZ86^c^ceji!eZgZhZbe^d\ZcZgVidgZZa^cZVY^WVcX]^cV
dYjZ\ZcZgVidg^#
>aFjViigd^be^Z\]Zg|VjidbVi^XVbZciZaVa^cZVVii^kV[^cdVYjc
bVhh^bdY^(%6#
™9jZa^cZZ86^cdjiejiÄjcVVYVa^bZciVo^dcZXdhiVciZVcX]Z^c bdYVa^i|^ckZgiZgXdciZbedY^gZVo^dcZY^'%bh^cVhhZcoV
^begdkk^hVY^86^cZcigViVÄ[jco^dcZJEHZYjcVVYVa^bZciVo^dcZ
XdcigdaaViV#FjZhiVa^cZV[dgc^g|ediZcoV86V^XVg^X]^VYZhhV
XdaaZ\Vi^hdadfjVcYdƒegZhZciZediZcoVYVjcVYZaaZa^cZZ86^c ZcigViV!bVcdc^beZ\cZg|bV^aZWViiZg^Z^cbdYVa^i|^ckZgiZg#
™A^cZV^c88XdbZXVg^XVWViiZg^ZhZƒY^hedc^W^aZediZcoVcdcji^a^ooViV#
™EdhhdcdZhhZgZXdaaZ\ViZ[^cdV+jc^i|^ceVgVaaZadZ+\gjee^YV( jc^i|^cbdYVa^i|ig^[VhZ#
™;jco^dc^EdlZg8dcigdaeZg\Zhi^gZaÉVhhdgW^bZcidYV[dci^Y^ediZcoV
a^b^iViVZEdlZg6hh^hieZg^ciZ\gVgZ\a^^ceji86XdcediZcoV
V\\^jci^kVeZgWgZk^eZg^dY^#
™HZbea^XZYV^chiVaaVgZ!hZbea^XZYVXdc[^\jgVgZ#;jco^dc^cjdkZ
ZYVkVcoViZY^hedc^W^a^Xdc^ahd[ilVgZKZ#CZi#
GkWjjhe
'(%)&&&%'(&
(*%)&&&%-&
'(%+&&&%(&&
(*%+&&&%'(&
(*%.&&&%(&&
&-,"'+*K68;gZfjZcoV/)*"**=o
>ceji68'm
?DL;HJ;H
>ceji
.!*"&,
.!*"&,
&."((
&."((
IZch^dcZ/'(%K68¥'
JhX^iV
Edi#Xdci^cjVV'*$)%•8L
EdiZcoVY^e^XXdL
&."((
'*%%"''%%
)*%%")%%%
,%%%"+(%%
+%%%
&%%%%
&+%%%
&'%
'%%
,%
&'%
97H?9787JJ;H?7
8dggZciZY^XVg^XVeg^cX^eVaZ6
8dggZciZY^XVg^XVVjhja^Vg^V6
)
HZchdgZiZbeZgVijgVWViiZg^V
H^
&%%
97H7JJ;H?IJ?9>;=;D;H7B?
9g^kZggZaƒbjai^[jco^dcZdgZaƒ
EZhd@\
9^bZch^dc^Vmame^cbb
()
&.
(+'m'*-m'&-
(%
),%m(*%m'-%
)))m('-m')%
)*
),%m(*%m'-%
FWhj_jeh[Z_YWh_YW7h]e[7h]e<[[j
FWhj_jeh[Z_YWh_YW7h]e
/*
FWhj_jeh[Z_YWh_YW7h]e<[[j
9oh_n
O; BVg^cZ :aZXigdc^Xh ƒ aZVYZg YV daigZ *% Vcc^ cZa hZiidgZ YZa XdbVcYd YZaaV
egdejah^dcZeZg^bWVgXVo^dc^h^VYVY^edgidX]ZYVaVkdgd#
> egdYdii^ \VgVci^hXdcd jc Xdcigdaad egZX^hd ZY ^bbZY^Vid YjgVciZ fjVah^Vh^ i^ed Y^
bVcdkgV! VcX]Z cZaaZ h^ijVo^dc^ e^‘ ZhigZbZ# HV^b k^ d[[gZ aV e^‘ Vbe^V \VbbV Y^
h^hiZb^ Y^ XdbVcYd Y^hedc^W^aZ hja bZgXVid! [VX^a^ YV ^chiVaaVgZ! eZg fjVah^Vh^
Xdc[^\jgVo^dcZegdejah^kV#
/+
H^hiZb^Y^XdbVcYdZaZiigdc^X^
9WhWjj[h_ij_Y^[][d[hWb_
™BdciV\\^d[VX^a^iVid\gVo^ZVXdccZiidg^egZ^chiVaaVi^VYViiVXXdgVe^Ydeaj\eaVn
™8dc[^\jgVo^dcZYZah^hiZbVhZbea^XZZY^bbZY^VidigVb^iZ)ejahVci^ZY^heaVnaZY
™7adXXdVkk^VbZcidbdidgZ/aÉVkk^VbZcidƒedhh^W^aZhdadhZ^ah^hiZbVƒVXXZhd!jcVhiVo^dcZ
Y^XdbVcYdƒVii^kVZaZaZkZhdcd^c[daaZ$b^c^bd
™ JcY^hedh^i^kdY^egdiZo^dcZViZbedegd\gVbbVW^aZeZgbZiiZY^eVhhVgZYVaaVbVgX^VVkVci^
VaaVgZigdbVgX^V^cedX]^^hiVci^hZcoVYVccZ\\^VgZ^abdidgZdaÉ^ckZgi^idgZ/jcVg^hedhiV
^bbZY^ViVcZaaZh^ijVo^dc^Y^ZbZg\ZcoVXgVh]"hide
™ H^cXgdc^ooVo^dcZVjidbVi^XV\^g^bdidgZ/Y^hZg^Zhjijii^^h^hiZb^!bVci^ZcZ\a^hiZhh^\^g^hj'
de^‘bdidg^!VjbZciVcYdcZaÉZ[[^X^ZcoVZY^b^cjZcYdcZXdchjb^!gjbdg^Zk^WgVo^dc^#9^hZg^Z
hjijii^^h^hiZb^VcX]Z^ah^cXgdc^hbd\^g^bdidgZhjjcVaZkV
™9^heaVnY^XdcigdaadZY^V\cdh^^cXdgedgVidcZaaVXZcigVa^cV
™Edhh^W^a^i|Y^^chiVaaVgZ[^cdV*hiVo^dc^Y^XdbVcYd!XdbegZh^^iZaZXdbVcY^edgiVi^a^
™9^hedc^W^a^h^hiZb^Y^XdbVcYdeZgY^hedh^i^kdO;6jidigdaa
9WhWjj[h_ij_Y^[ijWdZWhZ
™ 8dccZhh^dc^eaj\"^c
™ >cY^XVidg^VXjhi^X^Zk^h^k^
™;VX^aZXdc[^\jgVo^dcZXdc)ejahVci^bjai^[jco^dcZ
™9^heaVnA:9^cXdgedgVideZgk^hjVa^ooVo^dcZhiVidYZah^hiZbV
™;VX^aZigVh[Zg^bZcidY^XdbVcYd
™>cY^XVidgZYZaaVhiVo^dcZY^XdbVcYdVii^kV
™H^hiZb^bjai^hiVo^dcZ/
"8gj^hZ8dbbVcY/bVm)
"B^Xgd8dbbVcYZgZ8aZVg8dbbVcYHZg^Z.%%%/bVm*
™7adXXdY^h^XjgZooVVaaÉVkk^VbZcidbdidg^
™BdYVa^i|Y^VXXZaZgVo^dcZbdidg^^c[daaZg^hXVaYVbZcid#
™Deo^dcVaZY^hedh^i^kdeZg'gZ\^b^Y^[daaZb^c^bdcdgbVaZ$Vaid
™H^cXgdc^ooVo^dcZbdidg^
"V'aZkZVjidbVi^XV
"VaZkVh^c\daV
™EgdiZo^dcZbdidgZZigVhb^hh^dcZYjgVciZaZbVcdkgZe^‘ZhigZbZ
™>ciZg[VXX^VeZgVaaVgbZZhiZgcd
™9^hedc^W^a^XdciVii^eZgWadXXd\^g^bdidgZhjeZgY^iVegZhh^dcZda^d^ckZgi^idgZ
™8ZcigVa^cZY^XdbVcYdXdbeViiZZXdcVaid\gVYdY^egdiZo^dcZ
™GZiZYÉVhh^hiZcoVZkZcY^iVY^[[jhV^cijiid^abdcYd
™(Vcc^Y^\VgVco^Va^b^iViVkY#XdcigViidY^\VgVco^VO;BVg^cZ:aZXigdc^Xh
>_]^b_]^ji
JhWic_ii_ed[ZWj_
AVHZg^Z.%%%Z^h^hiZb^8gj^hZ8dbbVcYji^a^ooVcdaViZXcdad\^V86CWjheZgaV
igVhb^hh^dcZ YZ^ YVi^ h^hiZbV# AZ jc^i| hdcd egZ"egd\gVbbViZ ^c [VWWg^XV bV
edhhdcdZhhZgZXjhidb^ooViZeZgVeea^XVo^dc^eVgi^XdaVg^#
J[ijZ_gkWb_j}
AV HZg^Z .%%% Z ^a h^hiZbV 8gj^hZ8dbbVcY hdcd hiVi^ iZhiVi^ eZg g^hedcYZgZ V^
gZfj^h^i^YZaaZhdX^Zi|Y^dbdad\Vo^dcZXdbZG^cV!9CKZ67HdaigZVaaVcdgbVi^kV
VbZg^XVcV67N8eZgeZg[dgbVcXZZ[jco^dcVa^i|#>cdaigZ!ijii^^h^hiZb^O;BVg^cZ
:aZXigdc^Xh]Vccd^abVgX]^d8:ZhdcdXZgi^[^XVi^>HD.%%&#
I[h_[/&&&
>h^hiZb^Y^XdcigdaadYZaaVHZg^Z.%%%hdhi^ij^hXdcd^h^hiZb^B^Xgd8dbbVcYZgZ
8aZVg8dbbVcY eZg ijiiZ aZ Veea^XVo^dc^ X]Z ji^a^ooVcd bdidg^ Z ^ckZgi^idg^
bZXXVc^X^d^cXdbW^cVo^dc^Y^Y^hedh^i^k^bZXXVc^X^$ZaZiigdc^X^#
/,
9WhWjj[h_ij_Y^[Yeckd_Wjkjj__ceZ[bb_]hkffeb[l[
™8dcigdaadYZaaVY^gZo^dcZZYZaaVkZadX^i|XdcjcVh^c\daVaZkV
™;VX^aZigVh[Zg^bZcidY^XdbVcYd
™>cY^XVidg^YZaaVhiVo^dcZY^XdbVcYdVii^kV
™ AZYY^hZ\cVaVo^dcZh^cXgdc^ooVo^dcZbdidg^Vii^kVhdadbdYZaa^VYdee^VaZkV
™>cY^XVidg^VXjhi^X^Zk^h^k^
™6aid\gVYdY^egdiZo^dcZYV\a^V\Zci^Vibdh[Zg^X^
™ Ijii^^bdYZaa^hdcdY^hedc^W^a^VcX]ZeZgXdc[^\jgVo^dc^egdejah^kZVbdidgZh^c\dad
Xdcedhh^W^a^i|Y^hXZaiVhZaZkVVYZhigVdVh^c^higVYZaaVWVhZ
j_X_b_
ecfW
B[l[Y _i_ij[c_
jj_
Yedjk cWdZe
Y
Z_ e
*,)#*
*,,#*
™;^c^ijgVWVhZcZgddeVXd
™AZkZ^cbZiVaadXgdbVid
ZedbZaadXdcegdiZo^dcZ
Vci^"JK
™;^c^ijgVWVhZcZgddeVXd
™AZkZ^cbZiVaadXgdbVid
VWVhhdegd[^ad
™AZkVY^hedc^W^aZVcX]Z
^cbZiVaadcZgdajX^Yd
Ajc\]ZooV AVg\]ZooV
Ajc\]ZooV AVg\]ZooV
6aiZooV
*#%^c
)#-^c
+#-^c
&',bb
&''bb
&,(bb
CZaaV[didƒgVeegZhZciViV
aVkZgh^dcZVaZkVh^c\daV
h^c^higV)*+"(A#
C9(&&&#'
<gjeedaZkZ
AVe^‘Vbe^V\VbbVY^\gjee^aZkZZh^hiZciZhjabZgXVideZghdYY^h[VgZaZg^X]^ZhiZZ\a^hi^a^
e^‘Zh^\Zci^#>bdYZaa^\gjeedaZkZhdcd^ciZgXVbW^VW^a^ZXdbeVi^W^a^Xdcijii^^h^hiZb^Y^XdbVcYd#
6aiZooV
*#%^c
)#%^c
)#%^c
&',bb
&%'bb
&%'bb
C9(&&&#(
™;^c^ijgVWVhZ^cbZiVaad
cZgddeVXd
™ EaVXXVidc^X`ZaVYdee^d
higVidVci^Xdggdh^kd
Ajc\]ZooV AVg\]ZooV
*,)#*
™;^c^ijgVWVhZZaZkZ
^cbZiVaadXgdbVid
™EaVXXVidc^X`ZaVYdee^d
higVidVci^Xdggdh^kd
6aiZooV
Ajc\]ZooV AVg\]ZooV
6aiZooV
+#*^c
*#'^c
*#*^c
+#*^c
*#'^c
*#*^c
&+*bb
&('bb
&)%bb
&+*bb
&('bb
&)%bb
*(&&#*(&&BF
C9(&&&#*
™;^c^ijgVWVhZ^cbZiVaad
cZgddeVXd
™AZkV^cbZiVaadXgdbVid
™EaVXXVidc^X`ZaVYdee^d
higVidVci^Xdggdh^kd
Ajc\]ZooV AVg\]ZooV
™;^c^ijgVWVhZ^cbZiVaad
cZgddeVXd
™AZkV^cbZiVaadXgdbVid
™EaVXXVidc^X`ZaVYdee^d
higVidVci^Xdggdh^kd
6aiZooV
+#*^c
*#'^c
*#*^c
&+*bb
&('bb
&)%bb
Egd[dcY^i| AVg\]ZooV Ajc\]ZooV
*#,*^c
)'%%
,%bb
&('#)bb
'!,+^c
*#'&^c
)'%%)'%%AE
&)*#'*bb
)#.,^c
&'+#(bb
-,&
™;^c^ijgVWVhZcZgddeVXd
™AZkZ^cVXX^V^dg^kZhi^iZ^c\dbbV
™HXVaV\gVYjViV
™AZkZXdcgZh^hiZcoV[g^o^dcViVgZ\daVW^aZ
™BdYZaadheZX^VaZg^c[dgoVidZidiVabZciZ
hiV\cdeZg^be^Z\]^^cXdcY^o^dc^ZhigZbZYÉjhd
Ajc\]ZooV AVg\]ZooV
6aiZooV
,#*^c
&%#%^c
.#&^c
&.&bb
'*)bb
'(&bb
/-
I_ij[cWC_Yhe9eccWdZ[hI[h_[/&&&
H^hiZb^Y^XdbVcYdZaZiigdc^X^
Egd\ZiiVidheZX^[^XViVbZciZeZg^aXdcigdaadY^bdidgZZY^ckZgi^idgZVXdbVcYdbZXXVc^XdbZY^VciZigVY^o^dcVa^
XVk^V\jV^cV[aZhh^W^a^i^edBdghZ((8!J[aZm8-!B68=OZgd!ZXX#
Ý cZXZhhVg^d ^chiVaaVgZ jc ViijVidgZ B^Xgd8dbbVcYZg eZg d\c^ bdidgZ$^ckZgi^idgZ [^cd VY jc bVhh^bd Y^ *
bdidg^#Edhh^W^a^i|Y^^chiVaaVgZ[^cdV*hiVo^dc^Y^XdbVcYd!^cXajh^^cdhig^iZaZXdbVcY^edgiVi^a^#
;VX^abZciZXdc[^\jgVW^aZhZcoVaÉVjh^a^dY^higjbZci^ZhiZgc^!aVXZcigVa^cVB^Xgd8dbbVcYZg.%%%^cXdgedgVVcX]Z
jcVkVcoVidh^hiZbVY^VjidY^V\cdhi^XVXdchZ\cVaVo^dcZ^ciZbedgZVaZbZY^VciZY^heaVnVa[VcjbZg^XdVaZY#
EgZY^hedhidY^hZg^ZXdc/
™ H^cXgdc^hbd\^g^bdidgZVYjZaZkZ
™ H^cXgdc^hbd\^g^bdidgZVaZkVh^c\daV
™ IdcdY^Vkk^hdaZkZ^c[daaZ$b^c^bd
™ 8dciVii^eZg^ciZgWadXXdVaaÉVkk^VbZcidbdidgZ
™ 8dciVii^eZg^ciZgWadXXdeZgWVhhVegZhh^dcZda^d^ckZgi^idgZ
™ 8dciVii^eZgh^hiZbVY^VaaVgbZZhiZgcd
™ 8daaZ\VbZci^eaj\eaVn
™ >ciZg[VXX^VeZgViijVidgZZhiZgcdeZg^aXdcigdaadY^'igdaa^c\kVakZ
6ggZhid
bdidgZ
HiVo^dcZY^
XdbVcYd&
Arresto
6ggZhid
motore
bdidgZ
HiVo^dcZY^
XdbVcYd'
Massa
BVhhV
D[[
Dc
Folle
;daaZ
Termico con
IZgb^Xd
fusibile
Xdc[jh^W^aZ
>ciZgWadXXd
Y^Vkk^VbZcid
^cY^Zigd
Indietro
Avanti
6kVci^
Cambio
8VbW^d
Massimo giri
BVhh^bd\^g^
Accelleratore
6XXZaaZgVidgZ
6a^bZciVo^dcZ
98
8Vkd
Cavo
meccanico
bZXXVc^Xd
flessibile
[aZhh^W^aZ
Minimo
B^c^bd
giri
\^g^
I_ij[cW9b[Wh9eccWdZI[h_[/&&&
Egd\ZiiVidheZX^[^XViVbZciZeZg^aXdcigdaadY^bdidgZ!^ckZgi^idgZZigdaa^c\kVakZVXdbVcYdb^hidigV/
™BZXXVc^XdbZY^VciZigVY^o^dcVa^XVk^V\jV^cV[aZhh^W^a^i^edBdghZ((8!J[aZm8-!B68=OZgd!ZXX#
™:aZiig^Xd$ZaZiigdc^Xd bZY^VciZ hZ\cVa^ DC$D;; V &' d ')KYX d hZ\cVa^ bdYjaVW^a^ ^c iZch^dcZ! XdggZciZ! [gZfjZcoV
dX^XadY^aVkdgdYjinXnXaZdELBejahZl^Yi]bdYjaVi^dc#
AV hZg^Z 8aZVg8dbbVcY .%%% k^ d[[gZ jcÉVbe^V \VbbV Y^ edhh^W^a^i| Veea^XVi^kZ ZY jcÉZhiZhV [aZhh^W^a^i| eZg \Zhi^gZ
XdciZbedgVcZVbZciZ[^cdV(Y^kZghZjiZcoZegdejah^kZ!ijiidXdcjcÉjc^XVhdaVXdbeViiVXZcigVa^cV#9^hedc^W^aZVcX]Z
aVkZgh^dcZeZg\Zhi^dcZVjidbVi^XVigVhb^hh^dcZO;6IH'kZadX^i|#ÝcZXZhhVg^d^chiVaaVgZjcViijVidgZ8aZVg8dbbVcY
eZgd\c^bdidgZ$^ckZgi^idgZ[^cdVYjcbVhh^bdY^*bdidg^#Edhh^W^a^i|Y^^chiVaaVgZ[^cdV*hiVo^dc^Y^XdbVcYd!^cXajh^^
cdhig^iZaZXdbVcY^edgiVi^a^#
;VX^abZciZXdc[^\jgVW^aZhZcoVaÉVjh^a^dY^higjbZci^ZhiZgc^!aVXZcigVa^cV8aZVg8dbbVcY.%%%^cXdgedgVVcX]Zjc
VkVcoVidh^hiZbVY^VjidY^V\cdhi^XVXdchZ\cVaVo^dcZ^ciZbedgZVaZbZY^VciZY^heaVnVa[VcjbZg^XdVaZY#
EgZY^hedhidY^hZg^ZXdc/
™H^cXgdc^hbd\^g^bdidgZVYjZaZkZ
™H^cXgdc^hbd\^g^bdidgZVaZkVh^c\daV
™IdcdY^Vkk^hdaZkZ^c[daaZ$b^c^bd
™8dciVii^eZg^ciZgWadXXdVaaÉVkk^VbZcidbdidgZ
™8dciVii^eZg^ciZgWadXXdeZgWVhhVegZhh^dcZda^d^ckZgi^idgZ
™8dciVii^eZgh^hiZbVY^VaaVgbZZhiZgcd
™8daaZ\VbZci^eaj\eaVn
HiVo^dcZY^
6ggZhid XdbVcYd&
bdidgZ
8Vkd-eda^
IZaZXdbVcYd
edgiVi^aZ
deo^dcVW^aZ
8ZcigVa^cV
HiVo^dcZY^
6ggZhid
Y^XdbVcYd
bdidgZ XdbVcYd'
EgZhV
BVhhV
VY^cXVhhd
8Vkd
bZXXVc^Xd
[aZhh^W^aZ
>ciZg[VXX^V
ZaZiigdc^XV
bdidgZ
8VbW^d
/.
8daaZ\VbZcid
VabdidgZ
6a^bZciVo^dcZ
98
>ciZgWadXXd
Y^Vkk^VbZcid
Spina
He^cV
>ciZg[VXX^V
gZaƒ
Egd\ZiiVidheZX^[^XViVbZciZeZg^aXdcigdaadY^bdidgZ!^ckZgi^idgZZigdaa^c\kVakZVXdbVcYdZaZiig^Xd$ZaZiigdc^Xd
bZY^VciZ hZ\cVa^ DC$D;; V &' d ')KYXd hZ\cVa^ bdYjaVW^a^ ^c iZch^dcZ!XdggZciZ! [gZfjZcoV d X^Xad Y^ aVkdgd
YjinXnXaZ#
Ý cZXZhhVg^d ^chiVaaVgZ jc egdXZhhdgZ 8gj^hZ8dbbVcY eZg d\c^ bdidgZ$^ckZgi^idgZ [^cd VY jc bVhh^bd Y^ *
bdidg^#Edhh^W^a^i|Y^^chiVaaVgZ[^cdV)hiVo^dc^Y^XdbVcYd!^cXajh^^cdhig^iZaZXdbVcY^edgiVi^a^#
;VX^abZciZXdc[^\jgVW^aZhZcoVaÉVjh^a^dY^higjbZci^ZhiZgc^!aVXZcigVa^cV8gj^hZ8dbbVcY^cXdgedgVVcX]Zjc
VkVcoVidh^hiZbVY^VjidY^V\cdhi^XVXdchZ\cVaVo^dcZ^ciZbedgZVaZbZY^VciZY^heaVnVa[VcjbZg^XdVaZY#
EgZY^hedhidY^hZg^ZXdc/
™ H^cXgdc^hbd\^g^bdidgZVYjZaZkZ
™ H^cXgdc^hbd\^g^bdidgZVaZkVh^c\daV
™ IdcdY^Vkk^hdaZkZ^c[daaZ$b^c^bd
™ 8dciVii^eZg^ciZgWadXXdVaaÉVkk^VbZcidbdidgZ
™ 8dciVii^eZg^ciZgWadXXdeZgWVhhVegZhh^dcZda^d^ckZgi^idgZ
™8dciVii^eZgh^hiZbVY^VaaVgbZZhiZgcdXdbVcY^edgiVi^a^
™ 8daaZ\VbZci^eaj\eaVn
HiVo^dcZ&
6ggZhid
bdidgZ
HiVo^dcZ'
8daaZ\VbZcid
VagZ\daVidgZ
ZaZiigdc^Xd
6ggZhid
bdidgZ
H^hiZb^Y^XdbVcYdZaZiigdc^X^
I_ij[cW9hk_i[9eccWdZ
8daaZ\VbZcid
VaaÉ^ckZgi^idgZ
7VcXdWViiZg^V&
Dc
7VcXd
WViiZg^V'
D[[
6eh
IZgb^XdXdc[jh^W^aZ
I_ij[cWC_d_YeccWdZ[h
Cjdkd h^hiZbV egd\ZiiVid heZX^[^XViVbZciZ
eZg ^bWVgXVo^dc^ bZY^d$e^XXdaZ Xdc bdidg^ V
XdbVcYdZaZiigdc^Xd$86C7jhZY^ckZgi^idg^V
hdaZcd^Y^ &'$')KYX# Deo^dcVaZ ^a XdbVcYd Y^
igdaa^c\kVakZVbdYjaVo^dcZbZY^VciZhdaZcd^Y^
egdedgo^dcVa^ &'$')KYX ^ciZ\gVid cZaaV
XZcigVa^cV#
:ÉcZXZhhVg^d^chiVaaVgZjch^c\dadegdXZhhdgZ
eZg ^a Xdcigdaad Y^ ' bdidg^$^ckZgi^idg^! Ydee^V
Va^bZciVo^dcZ!bVhh^bd'hiVo^dc^Y^XdbVcYd
V hXZaiV igV \gjeed aZkZ [^hhd deejgZ jcd YZ^
cdhig^iZaZXdbVcY^edgiVi^a^#
8dc[^\jgVo^dcZ [VX^a^iViV igVb^iZ jc Y^heaVn
A:9ZYVaXjc^ejahVci^YZY^XVi^hZeVgViVbZciZ
VaaV hZo^dcZ bdidgZ YZhigd ZY VaaV hZo^dcZ
bdidgZ h^c^higd# >a Y^heaVn k^hjVa^ooV VcX]Z ^a
hZbea^XZh^hiZbVY^VjidY^V\cdhi^XV#
EgZY^hedhidY^hZg^ZXdc/
™ H^cXgdc^hbd\^g^bdidgZVYjZaZkZ
™ H^cXgdc^hbd\^g^bdidgZVaZkVh^c\daV
™ 8dciVii^eZgaÉ^ciZgWadXXd
VaaÉVkk^VbZcidbdidgZ
™ 8daaZ\VbZci^eaj\eaVn
//
H^hiZb^Y^XdbVcYdZaZiigdc^X^
IcWhj9eccWdZ[h
Ad HbVgi 8dbbVcY ƒ jc h^hiZbV Y^ XdbVcYd YZaaV
egdejah^dcZ bVg^cV Y^ cjdkV \ZcZgVo^dcZ eZg bdidg^ Z
igVhb^hh^dc^VXdbVcYdZaZiig^Xd$ZaZiigdc^Xd#
Ad HbVgi 8dbbVcY ^cXdgedgV iZXcdad\^V 8VcWjh eZg aV
\Zhi^dcZ[^cdV+hiVo^dc^Y^XdbVcYd!Y^heaVnA89bjai^[jco^dcZ
ZY^aXdcigdaadYZaaZ^ccdkVi^kZ[jco^dc^YZaaZgZXZci^igVhb^hh^dc^
bVg^cZO;XdbZ/
Z
HdcdY^hedc^W^a^ijiiZaZ[jco^dc^hiVcYVgYYZ^h^hiZb^
Y^XdbVcYdO;BVg^cZ:aZXigdc^Xh/
™ 6a^bZciVo^dcZ&'d')K
™ H^cXgdc^ooVo^dcZ\^g^bdidgZ
™ 6XXZaZgVo^dcZ\^g^^c[daaZ
™ 8dc[^\jgVo^dcZZY^V\cdhi^XVbZY^VciZY^heaVn
A:9^cXdgedgVid
™ 8dccZhh^dc^eaj\eaVn
™ Idc^VXjhi^X^Z^cY^XVidg^A:9eZgXdc[ZgbVhiVid
YZah^hiZbV
CdiV/AZ[jco^dcVa^i|Z
hdcdZhXajh^kZZegdeg^ZiVg^ZYZa\gjeed
ÆO;9g^kZa^cZVcY8]Vhh^hIZX]cdad\nÇ#
7FI7kjecWj_YFem[hI[b[Yjeh
>a cdhigd ji^aZ HZaZiidgZ 6jidbVi^Xd Y^ 6a^bZciVo^dcZ ƒ jc
Y^hedh^i^kdbdaidXdbeViideZgXdbW^cVgZ'Y^kZghZ[dci^Y^
Va^bZciVo^dcZ VaaV hiZhhV iZch^dcZ ^c KYX hj jcÉjc^XV
jhX^iV#
<VgVci^hXZVa^bZciVo^dcZXdhiVciZji^a^ooVcYdVabZcdjcV
YZaaZ'[dci^XdaaZ\ViZeZgXVg^X]^ZaZiig^X^^cKYX[^cdVYjc
bVhh^bdY^,%6#
>YZVaZ eZg Vhh^XjgVgZ Va^bZciVo^dcZ hiVW^aZ Z Xdci^cjV V^
ijii^^cdhig^h^hiZb^Y^XdbVcYdeZgaVegdejah^dcZ#
J[b[YecWdZefehjWj_b[
8VgViiZg^hi^X]ZhiVcYVgY
™>cY^XVidgZajb^cdhdedgiVi^aZVii^kd
™IgVh[Zg^bZcidY^XdbVcYdhiVcYVgY
™EjahVciZY^VgggZhidbdidgZ$^
™8]^VkZiiVbV\cZi^XVY^h^XjgZooV
™6aid\gVYdY^egdiZo^dcZ
™,!+bY^egdajc\V[aZhh^W^aZ
™A^b^iVo^dcZ\^g^bVhh^b^VaaÉ-%
Dei^dcVa
™ 6\\^jciVY^&d'ejahVci^eZgXdcigdaad g^heZii^kVbZciZY^Wdli]gjhiZgdWdl hiZgci]gjhiZg
™ Hjeedgid^cVXX^V^d^cdm
™ Egdajc\]ZV\\^jci^kZ
'&&
;dcYViVcZa&.*&!aVH6>BY^k^ZcZWZcegZhidjcejcidY^g^[Zg^bZcidcZaaV[dgc^ijgVYZ^\gVcY^\gjee^
VjidbdW^a^hi^X^^iVa^Vc^ZY^Y^kZghZVo^ZcYZcZahZiidgZbVg^cdZ^cYjhig^VaZ#Eg^bdY^hig^WjidgZO;^c
>iVa^V!H6>B]VhZbegZVhhdX^VidVegdYdii^Y^Vai^hh^bVfjVa^i|jchZgk^o^degZ"Zedhi"kZcY^iVY^eg^bd
a^kZaadZjcÉdg\Vc^ooVo^dcZhjaiZgg^idg^diVaZYVgVeegZhZciVgZeZg^egdeg^Xa^Zci^jceVgicZgY^ÒYjX^V#
H6>B BVg^cZ! cViV j[ÒX^VabZciZ cZa &..(! hZaZo^dcV Z Y^hig^Wj^hXZ XdbedcZci^ ZY Zfj^eV\\^VbZci^
ji^a^ooVi^YV^e^‘egZhi^\^dh^XVci^Zg^cVkVa^^iVa^Vc^#H6>BBVg^cZƒhigjiijgViVhjX^cfjZÒa^Va^Y^hadXViZ^c
ejci^higViZ\^X^/7jXX^cVhXdB>!;^jb^X^cdGB!K^VgZ\\^dAJ!7dad\cVZBVcYZa^ZjhjaaVXdhiVVoojggV#
<gVo^ZVaaVgZiZY^hZgk^o^dZkZcY^iVY^hig^Wj^iVhjijiiZaZXdhiZ^iVa^VcZ![gVcXZh^ZXgdViZ!H6>BBVg^cZVXXdbeV\cV^egdeg^
Xa^Zci^ Y^gZii^ ^ XVci^Zg^ cVkVa^ Z ^ Xa^Zci^ ÒcVa^ \a^ VgbVidg^ YVaaV hXZaiV YZa egdeg^d Zfj^eV\\^VbZcid Òcd VaaV ÒcZ Y^ jcV
XgdX^ZgVhZgZcV#
=hkffeIW_c
HjeZgÒX^ZidiVaZ
'+$&&&cg
;ViijgVid'%&%"'%&&
(*c_d;khe
6gi^Xda^^c\Zhi^dcZ
'+$&&&
8a^Zci^
)$&&&
9ZVaZg
'(&
9^eZcYZci^
+&
9ED:?P?ED?=;D;H7B?:?L;D:?J7
AZhZ\jZci^XdcY^o^dc^\ZcZgVa^Y^kZcY^iV[VccdeVgiZ^ciZ\gVciZY^ijii^
^cdhig^XdcigVii^Y^[dgc^ijgVY^egdYdii^!hdcdVaaZ\ViZV^a^hi^c^Y^kZcY^iV
Z$dV^XViVad\]^YZ^kVg^egdYdii^Zh^^ciZcYdcdXdcdhX^jiZZYVXXZiiViZ
YVaXa^ZciZVaaÉViidYZaaVXdbegVkZcY^iV#
'$I7?CI$f$7$
AVhdX^Zi|]VhZYZaZ\VaZ^cB^aVcdVaaVk^VAZdc7Vii^hiV6aWZgi^c#&%!
8dY^XZ ;^hXVaZ Z EVgi^iV >K6 c# %%-),%(%&*'! G:6 B^aVcd c# -%,%(,!
GZ\^higd>begZhZc#&)(%&&Ig^WjcVaZY^B^aVcd#
($9B?;DJ?
H6>BH#e#6#XdbbZgX^Va^ooV^c>iVa^VegdYdii^[VWWg^XVi^YViZgo^cdcX]‚
^ egdYdii^ Y^ egdeg^V [VWWg^XVo^dcZ# CZa XVhd Y^ kZcY^iV VY jcV Xa^ZciZaV
egd[Zhh^dcVaZ ^a gVeedgid igV H6>B H#e#6# ZY ^ Xa^Zci^ cdc ƒ Y^hX^ea^cVid
YVaaZcdgbZVijiZaVYZ^XdchjbVidg^#
)$FH;PP?
> egZoo^ YZa a^hi^cd H6>B H#e#6# hdcd ZhegZhh^ ^c :jgd Z cdc hdcd
XdbegZch^k^Y^>K6#>egZoo^cdcXdbegZcYdcdaZheZhZY^heZY^o^dcZZY
ZkZcijVa^YVo^Yd\VcVa^hVakdY^kZgh^VXXdgY^igVaZeVgi^#
*$H;I7
> egZoo^ h^ ^ciZcYdcd eZg bZgXZ gZhV [gVcXd hiVW^a^bZcid d bV\Voo^cd
H6>BH#e#6#hVakdY^kZgh^VXXdgY^igVaZeVgi^#
+$H?9>?;IJ7:ÊE<<;HJ7
AZ g^X]^ZhiZ Y^ d[[ZgiZ ^ck^ViZ YV^ Xa^Zci^ V H6>B H#e#6#! VcX]Z V bZood
edhiV ZaZiigdc^XV! hdcd YV Xdch^YZgVgh^ hZbea^X^ g^X]^ZhiZ ^a Xj^
eZg[Zo^dcVbZcid ƒ hjWdgY^cVid VaaV Zb^hh^dcZ Y^ jc dgY^cZ YZa Xa^ZciZ
ZYVaaÉVXXZiiVo^dcZY^H6>BH#e#6#ZcdcgVeegZhZciVcd^ccZhhjcXVhd
ÆdgY^cZZhZXji^kdY^VXfj^hidÇ#
,$F7=7C;DJE
EZg eV\VbZcid g^iVgYVid daigZ ^ iZgb^c^ egZk^hi^ YVaaV [ViijgV ƒ [VXdai|
YZaaV hdX^Zi| VYYZW^iVgZ \a^ ^ciZgZhh^ Y^ g^iVgYVid eV\VbZcid cZaaaV
b^hjgVegZk^hiVYVa9#A\h#'(&$'%%'ZhjXXZhh^k^V\\^dgcVbZci^#
-$<7JJKH;
:kZcijVa^gZXaVb^dXdciZhiVo^dc^hj[ViijgZhVgVccdVXXZiiVi^VXdcY^o^dcZ
X]ZeZgkZc\VcdVaaVhZYZY^H6>BH#e#6#VbZoodaZiiZgVgVXXdbVcYViV
6#G#d[VmZcigddiid\^dgc^YVaaVYViVY^g^XZo^dcZYZaaV[ViijgVhiZhhV#
.$H;I?
:É[ViidZhegZhhdY^k^ZidY^gZhi^ijo^dcZY^bZgXZVfjVah^Vh^i^idadhZcoV
Xdc\gjdegZVkk^hdZhZcoVVjidg^ooVo^dcZY^H6>BH#e#6#>gZh^Y^bZgXZ
YdkgVccd ZhhZgZ ^ck^Vi^ VaaV hZYZ Y^ H6>B H#e#6# Xdc heZY^o^dcZ edgid
[gVcXd#>cXVhdXdcigVg^d^agZhdcdchVg|VXXZiiVidZg^idgcVidXdcdcZg^V
XVg^XdYZab^iiZciZ!hVakdY^kZgh^VXXdgY^igVaZeVgi^#>abViZg^VaZk^V\\^V
V g^hX]^d Z eZg^Xdad YZa Xdbb^iiZciZ# :kZcijVa^ gZXaVb^ eZg bVcXViV
Xdgg^hedcYZcoVYZ^egdYdii^XdchZ\cVi^VaaÉdgY^cZdeZgk^o^YZ^egdYdii^
kZcYji^ V Xa^ZciZaV egd[Zhh^dcVaZ edhhdcd ZhhZgZ VXXZiiVi^ hdaiVcid hZ
cdi^ÒXVi^VbZoodaZiiZgVgVXXdbVcYViV6#G#d[VmZcigddiid\^dgc^YVaaV
YViV Y^ g^XZk^bZcid YZa bViZg^VaZ0 igVhXdghd iVaZ eZg^dYd YZXVYZ d\c^
Y^g^iidY^gZXaVbd#
>cd\c^XVhdcdckZggVccdVXXZiiVi^egdYdii^ZgZaVi^kZ[ViijgZgZh^/
™eg^k^Y^WdaaVY^gZhdg^edgiVciZcjbZgdWdaaVY^g^[Zg^bZcid
H 6>BH#e#6#0
™YVccZ\\^Vi^0
™eg^k^Y^^bWVaaV\\^ZYZi^X]ZiiZ^ciZ\g^d^cXdcY^o^dc^Y^kZghZ
YVfjZaaZY^[dgc^ijgV0
™VYdaigZjcbZhZYVaaVYViVY^g^XZo^dcZYZaaVbZgXZ#
>c XVhd Y^ ZggdgZ YZa Xa^ZciZ hVg| Veea^XViV jcV eZcVaZ bVhh^bV
Xdgg^hedcYZciZVa&*YZakVadgZYZaaVbZgXZhiZhhVZhVgVccdVYYZW^iViZ
aZheZhZY^igVhedgid#>cXVhdY^ZggdgZXVjhVidYVH6>BH#e#6#dYVaXdgg^ZgZ
cdchVgVccdVYYZW^iViZVaXjcZeZcVa^dheZhZY^Y^kZghVcVijgV#
/$=7H7DP?7IK?FHE:EJJ?
>egdYdii^[VWWg^XVi^YViZgo^ZkZcYji^YVH6>Bh#e#V#\dYdcdYZaaV\VgVco^V
d[[ZgiVYVaaVXVhVegdYjiig^XZhZXdcYdaZegdeg^ZXdcY^o^dc^Y^\VgVco^V#
Cdc k^ZcZ eZgiVcid g^XdcdhX^jiV cZhhjcV VaigV \VgVco^V! ZhegZhhV d
^bea^X^iV!hZcdcfjZaaVYZa[VWWg^XVciZZX]Zk^ZcZVhh^XjgViVcZ^XZcig^
Y^Vhh^hiZcoVVjidg^ooVi^#
H6>BH#e#6#cdc\VgVci^hXZV^hZch^YZaaÉVgi#&*&'X#X#^aWjdc[jco^dcVbZcid
YZ^egdYdii^[VWWg^XVi^YViZgo^#
HZ!VhZ\j^idY^^ciZgkZcidYVeVgiZYZaXZcigdY^Vhh^hiZcoVVjidg^ooVid!
^a Y^[Ziid YdkZhhZ g^hjaiVgZ cdc XdeZgid YVaaV \VgVco^V YZa egdYjiidgZ!
hVgVccd VYYZW^iVi^ \a^ ZkZcijVa^ Xdhi^ Y^ kZg^ÒXV Z g^eg^hi^cd g^X]^Zhi^
YV fjZhiÉjai^bd! hVakd Y^kZghd VXXdgYd igV aZ eVgi^# > egdYdii^ [VWWg^XVi^
YV H6>B H#e#6# kZcYji^ V Xa^ZciZaV egd[Zhh^dcVaZ \dYdcd YZaaV \VgVco^V
hZXdcYd aZ XdcY^o^dc^ ^cY^XViZ cZa iV\a^VcYd Y^ \VgVco^V# AV Xa^ZciZaV
egd[Zhh^dcVaZYZXVYZYVaY^g^iidY^\VgVco^VhZcdcYZcjcX^V^k^o^VH6>B
H#e#6# Zcigd diid \^dgc^ YVaaV hXdeZgiV V bZood aZiiZgV gVXXdbVcYViV
6#G#CZaXVhdY^kZcY^iVVaXdchjbVidgZY^egdYdii^H6>BH#e#6#igdkVcd
Veea^XVo^dcZ aZ Y^hedh^o^dc^ ^cYZgd\VW^a^ Y^ aZ\\Z edhiZ V ijiZaV YZ^
XdchjbVidg^#CZaXVhd^cXj^^aXdchjbVidgZYdkZhhZg^hXdcigVgZjcY^[Ziid
cZaegdYdiidYZkZegdkkZYZgZVYVgZcdi^o^VVH6>BH#e#6#Vae^‘egZhid!Z
XdbjcfjZZcigdYjZbZh^YVaaVYViV^cXj^]VhXdeZgid^aY^[ZiidbZY^VciZ
^ck^d Y^ aZiiZgV gVXXdbVcYViV 6#G# > iZbe^ Y^ hdhi^ijo^dcZ d ZkZcijVaZ
g^eVgVo^dcZ YZa egdYdiid Y^eZcYdcd ZhXajh^kVbZciZ YVaaZ eda^i^X]Z Y^
H6>B H#e#6# d YZa egdYjiidgZ# CZhhjc YVccd edig| ZhhZgZ g^X]^Zhid
V H6>B H#e#6# d Va egdYjiidgZ eZg ZkZcijVa^ g^iVgY^ cZaaÉZ[[ZiijVo^dcZ
Y^ g^eVgVo^dc^ d hdhi^ijo^dc^ YZ^ egdYdii^# 9^[Zii^ YZ^ egdYdii^ Ydkji^ V
cVijgVaZ jhjgV! bVcdb^hh^dc^! jhd ZggVid d ZggViV ^chiVaaVo^dcZ hdcd
ZhXajh^ YVaaV \VgVco^V# :É ZhXajhV Z g^cjcX^ViV YV eVgiZ YZaaÉVXfj^gZciZ
cZ^Xdc[gdci^Y^H6>BH#e#6#dYZaegdYjiidgZd\c^egZiZhVY^g^hVgX^bZcid
eZg gZhedchVW^a^i| YZg^kVciZ YV YVcc^ Y^ fjVah^Vh^ cVijgV! Y^gZii^ d
^cY^gZii^!VcX]ZhZaZXVjhZ[dhhZgdYVViig^Wj^gZVY^[Zii^Y^Xdhigjo^dcZ
YZ^egdYdii^#:ÉVaeVg^ZhXajhdZg^cjcX^Vidd\c^g^hVgX^bZcideZgYVcc^
V eZghdcZ Z$d XdhZ! eZgY^iZ Z$d bV\\^dg^ Xdhi^ ^c gZaVo^dcZ d V XVjhV
YZaaÉ^be^Z\dd^cXVeVX^i|Y^ji^a^oodYZ^egdYdii^dVaadgdbVcXVidji^a^ood!
eZgfjVah^Vh^bdi^kd#
'&$<EHE9ECF;J;DJ;
;ZgbV gZhiVcYd aÉZkZcijVaZ Veea^XVW^a^i| Y^ Y^hedh^o^dc^ ^cYZgd\VW^a^ Y^
aZ\\Z edhiZ V ijiZaV YZ^ XdchjbVidg^! eZg fjVah^Vh^ XdcigdkZgh^V igV aZ
eVgi^XdbjcfjZXdccZhhVVaaZegZhZci^XdcY^o^dc^\ZcZgVa^ ^c bZg^id Va
egZhZciZ XdcigViid hVg| ZhXajh^kVbZciZ XdbeZiZciZ >a ;dgd Y^ B^aVcd#
H6>BH#e#6#"%&$%&$'%%.
HV^b h^ g^hZgkV Y^ VeedgiVgZ V^ egdYdii^ bdY^ÒX]Z Z b^\a^dgVbZci^ hZcoV VaXjc egZVkk^hd# > YVi^ XdciZcji^ ^c fjZhiV ejWWa^XVo^dcZ edigZWWZgd fj^cY^ cdc
ZhhZgZV\\^dgcVi^#IjiiZaZY^bZch^dc^^cY^XViZcZaegZhZciZXViVad\dedhhdcdhjW^gZkVg^Vo^dc^hZcoVegZVkk^hd#EZg^c[dgbVo^dc^V\\^dgcViZXdciViiVgZ^a
XjhidbZghjeedgiVaaÉ^cY^g^oodbVg^cZ5hV^b"\gdje#Xdb#AVg^egdYjo^dcZYZaegZhZciZXViVad\d!VcX]ZeVgo^VaZ!ƒk^ZiViVhZcoVZhegZhhVVjidg^ooVo^dcZYV
eVgiZY^HV^bH#e#6#
HiVbeVBZY^V\ZVHC8™<gVÒXV:aX6YkB^aVcd™9^hig^Wj^id^cDiidWgZ'%&'
IW_cI$f$W$
K^V:cg^Xd;Zgb^!&."'%%.%7jXX^cVhXdB>"IZa# (.%')--*(&";Vm (.%')--'*)*":"bV^a/bVg^cZ@hV^b"\gdje#Xdb"lll#hV^b"\gdje#Xdb
C ATA L O G O
GENERALE
2012-2013
Scarica

CAT MARINE ESECUTIVO.indd