/,%5(772,6758=,21,
86(5+$1'%22.0$18(/'·,16758&7,216*(%5$8&+$1:(,681*(1,16758&&,21(6'(0$1(-2
352*5$00$=,21($85(/,$&203(7,=,21(
)LJ
3HU DFFHQGHUH OD PDFFKLQD SUHPHUH 5(6(7
SHUDOPHQRVHF
38/6$17,',63/$</&'
5(6(7SHUXVFLUHGDOPHQXHLPSRVWD
UHLOIXQ]LRQDPHQWRGHOO
DSSDUHFFKLRRQ
RIIULVSHQHUJHWLFR
83'2:1QDYLJDUHQHOPHQX
HFDPELDUHLYDORULHSHUSDVVD
UHGDWHPSHUDWXUDDSUHVVLRQHH
YLFHYHUVD
(17(5SHUHQWUDUHQHOPHQX
(175$5(1(/0(18
,OPHQXqDFFHVVLELOHFRQ
(17(5SUH
PHUHFRQWLQXDPHQWHSHUVHFSHUHQWUDUHQHO
PHQX
&,&/$8738/,=,$
352*5$0'26,
&217(52*$=,21,
352*5$00212))
5,63(1(5*(7,&2
3526&$/'$7$==(
'$7$25$
0$&,1$785$
6(732,1735(66
6725,&2$//$50,
0$187(1=,21(
/,1*8$
7(03(5$785$
5(*/80,126,7$¶
2SHUD]LRQH HVHJXLELOH 62/2 GD
7HFQLFR6SHFLDOL]]DWR
/D UHJROD]LRQH GD SDUWH GL 7HFQLFL
121 TXDOLILFDWL R GL DOWUH SHUVRQH
SRWUHEEHLQYDOLGDUHODJDUDQ]LD
4XL GL VHJXLWR YHQJRQR VSLHJDWH VROWDQWR OH
QXRYHIXQ]LRQLSHUOHDOWUHVLSUHJDGLIDUHULIHUL
PHQWRDOPDQXDOHVWDQGDUG
XQDFHUWDSUHVVLRQHWHPSHUDWXUDFRQPDFFKLQD
LQVWDWRGLULSRVR
(17(5SUHPHUHSHUVHFSHUHQWUDUH
QHOPHQX
83'2:1QDYLJDUHQHOPHQX
SHUUDJJLXQJHUHLOULVSDUPLRHQHUJHWLFR
(17(5SUHPHUHSHUHQWUDUHQHOVRWWR
PHQX
83'2:1SHUUHJRODUHLOSXQWR
GLVWDQGE\SUHPHUHWHPS
5(6(7SHUXVFLUHGDOPHQX
‡,PSRVWDUHLO6(732,1735(66
,O 6(732,17 35(66 SHUPHWWH GL VFHJOLHUH OD
SUHVVLRQHWHPSHUDWXUDGLODYRURDUHJLPH
(17(5SUHPHUHSHUVHFSHUHQWUDUH
QHOPHQX
83'2:1QDYLJDUHLOPHQXD
UDJJLXQJHUHXQVHWSRLQWGLSUHVVLRQH
(17(5SUHPHUHSHUHQWUDUHQHOVRWWR
PHQX
83'2:1SHUUHJRODUHLOSXQWR
GLODYRURSUHVVWHPS
5(6(7SHUXVFLUHGDOPHQX
,7$/,$12
(/(1&2
'(//(
)81=,21, ‡,PSRVWD]LRQH GHO 5,63$50,2
(1(5*(7,&2 VWDQGE\ GL SUHVVLRQH
352*5$00$%,/,
SUHPHUH LO WDVWR (17(5 SHU DOPHQR WHPSHUDWXUD
/D PRGDOLWj VWDQGE\ SHUPHWWH GL PDQWHQHUH
VHFDGHQWUDUHLQPHQ
,7$/,$12
$&&('(5($//()81=,21,1$6&267(
4XHVWR SHUPHWWH GL DFFHGHUH DG DOWUH IXQ]LRQL
VSHFLDOL
,Q 5(* /80,126,7$¶ SUHPHUH L WDVWL FDIIq
OXQJR
GHO 35,02 6(&21'2
JUXSSRSHUDOPHQRVHFSHUDFFHGHUHDOPHQ
VSHFLDOH
5(6(7SHUXVFLUHGDOPHQXQDVFRVWR
83'2:1SHUFDPELDUHLSDUD
PHWUL
(17(5SHUQDYLJDUHLOPHQXQDVFRVWR
(OHQFRIXQ]LRQLQDVFRVWH
SURJUDPPDELOL
$XWROLYHOORFRQSRPSDVHQ]DSRPSD
83'2:1SHUFDPELDUH
6HQVDXWROLYHOOR
'2:1SHUFDPELDUH
83
$FTXDFDOGDFRQSRPSDVHQ]DSRPSD
83'2:1SHUFDPELDUH
/LYHOORLQHURJD]LRQHQRQDWWLYRDWWLYR
83'2:1SHUFDPELDUH
7DUDWXUDGHOODWHPSHUDWXUDƒ&)
83'2:1SHUFDPELDUH
7DUDWXUDGHOODSUHVVLRQHPEDU
83'2:1SHUFDPELDUH
3UHLQIXVLRQHQRQDWWLYRDWWLYR
83'2:1SHUFDPELDUH
0HQRJUXSSR
'2:1SHUFDPELDUH
83
0HQRVHUYLWR
'2:1SHUFDPELDUH
83
7$%(//$35(66,21(7(03(5$785$
$85(/,$&RPSHWL]LRQH
%DU
ƒ&
7DUDWXUD GHOO·RURORJLR VHF 83'2:1SHUFDPELDUH
PHVH
,03267$5(/$6(732,1735(66
SUHPHUH (17(5 83 SHU
DQGDUH GLUHWWDPHQWH DO PHQX GL LPSRVWD]LRQH
GHO6(732,1735(66TXHVWRVDUjEDURƒ&ƒ)
GLSHQGHUjORVWDWXVYLVWDVRQRVWDWL
SUHPHUH68R*,ÔSHUVSRVWDUH
LQDOWRHLQEDVVRLOSXQWRGLODYRUR
ƒ)
6FDOGDWD]]HXQLFDXQLFDWHPS'RSSLDWHPS
83'2:1SHUFDPELDUH
&ROOHJDPHQWR VHULDOH DWWLYR QRQ DWWLYR
83'2:1SHUFDPELDUH
&2//(*$0(17,',5(77,
1HOORVWDWRPDFFKLQDSURQWDqSRVVLELOHDFFH
GHUH GLUHWWDPHQWH DOOH LPSRVWD]LRQL GL VHJXLWR
LQYHFHGLSDVVDUHSHULOPHQX
81,7­',021,725$**,2ƒ&ƒ)²%$5
4XHVWR SXOVDQWH SHUPHWWH GL SDVVDUH WUD JUDGL
&HOVLXVR)DKUHQKHLWHEDU
3UHPHUH SHU SDVVDUH GDOOD PRGDOLWj
PRQLWRUƒ&)DEDUHYLFHYHUVD
212))67$1'%<
02'$/,7­',5,63$50,2(1(5*(7,&2
4XHVWR SHUPHWWH GL UXRWDUH LQ WUH PRGDOLWj GL
ODYRUR
3UHPHUH5(6(7SHUVHFSHUDFFHQ
GHUHÆVSHJQHUHÆPHWWHUHLQVWDQGE\
ODPDFFKLQD
352*5$00,1*$85(/,$&203(7,7,21
/,672)352*5$00$%/()81&7,21 ‡6HWWLQJ WKH (QHUJ\ 6DYLQJ 6WDQGE\
SUHVV (17(5 EXWWRQ IRU VHF DW SUHVVXUHWHPSHUDWXUHSRLQW
7KHVWDQGE\PRGHDOORZVWRPDLQWDLQDFHUWDLQ
OHDVWWRHQWHULQWRPHQX
SUHVVXUHWHPSHUDWXUHLQWKHTXLHWVWDWXV
7RVZLWFKRQWKHPDFKLQHSUHVV5(6(7
IRUDWOHDVWVHF
',63/$</&'%877216
5(6(7WRH[LWIURPPHQXVDQGWRVHW
RQRIIVWDQGE\WKHPDFKLQH
83'2:1 VXUI WKH PHQXV WR
ULVH DQG ORZHU WKH SDUDPHWHUV
DQGWRVZLWFKWHPSHUDWXUHSUHV
VXUHVWDWXV
(17(5WRHQWHULQWKHPHQXV
(17(57+(0(18
7KH PHQX LV DFFHVVLEOH ZLWK
(17(5
SUHVV FRQWLQXRXVO\ IRU VHF WR HQWHU LQ WKH
PHQX
2SHUDWLRQ WR EH FDUULHG RXW
(;&/86,9(/< E\ D 4XDOLILHG
7HFKQLFLDQ
$GMXVWPHQWE\121TXDOLILHGWHFKQL
FLDQVFDQLQYDOLGDWHWKHJXDUDQWHH
+HUH DUH H[SODLQHG RQO\ WKH QHZ IXQFWLRQV IRU
WKH RWKHU RQHV SOHDVH UHIHU WR WKH VWDQGDUG
PDQXDO
(17(5SUHVVIRUVHFWRHQWHULQWKH
PHQX
83'2:1 VXUI WKH PHQX WR
UHDFK(1(5*<6$9,1*
(17(5SUHVVWRHQWHULQWKHVXEPHQX
83'2:1WRDGMXVWWKHVWDQG
E\SRLQWSUHVVWHPS
5(6(7WRH[LWIURPWKHPHQXV
‡6HWWLQJWKH6HW3RLQWSUHVVXUHWHPSHUD
WXUH
7KH WHPSSRLQW DOORZV WR FKRVH WKH SUHVVXUH
WHPSHUDWXUHLQWKHZRUNLQJVWDWXV
(17(5SUHVVIRUVHFWRHQWHULQWKH
PHQX
83'2:1 VXUI WKH PHQX WR
UHDFK6(732,1735(6685(
(17(5SUHVVWRHQWHULQWKHVXEPHQX
83'2:1WRDGMXVWWKHZRUN
LQJSRLQWSUHVVWHPS
5(6(7WRH[LWIURPWKHPHQXV
(1*/,6+
)LJ
$872&/($1&<&/(
352*5$0'26(6
'(/,9(5<&2817
212))352*5$0
(1(5*<6$9,1*
&83:$50(5352*
'$7(+287
'(/,9(5<7,0(
6(732,1735(66
)$8/76+,6725<
0$,17(1$1&(
/$1*8$*(
7(03(5$785(ƒ&RUƒ)
/,*+7$'-8670(17
(17(57+(+,''(1)81&7,216
7KLVDOORZVWRHQWHURWKHUVSHFLDOIXQFWLRQV
/HDVWJURXS
'2:1WRVZLWFK
83
,Q WKH %5,*+71(66 $'-867 IXQFWLRQ SUHVV
/HDVWVHUYH
'2:1WRVZLWFK
83
WKHORQJFRIIHH
NH\VRIWKH),567
6(&21' JURXSV IRU DW OHDVW VHFRQGV WR
DFFHVVWKHVSHFLDOPHQX
(1*/,6+
5(6(7WRH[LWKLGGHQPHQX
SDUDPHWHUV
83'2:1 WR FKDQJH WKH
(17(5WRVXUIWKHKLGGHQPHQX
3URJUDPPDEOHKLGGHQIXQFWLRQVOLVW
6HOIOHYHOZLWKSXPSQRSXPS
83'2:1WRVZLWFK
6HOIOHYHOVHQVH
'2:1WRVZLWFK
+RWZDWHUZLWKSXPSQRSXPS
83'2:1WRVZLWFK
83
/HYHO LQ GHOLYHU\ QRW DFWLYH DFWLYH 83'2:1WRVZLWFK
7HPSHUDWXUH FDOLEUDWLRQ ƒ&)
83'2:1WRVZLWFK
3UHVVXUH FDOLEUDWLRQ PEDUV
83'2:1WRVZLWFK
3UHEUHZLQJQRWDFWLYHDFWLYH
83'2:1WRVZLWFK
&ORFN FDOLEUDWLRQ VHFPRQWK
83'2:1WRVZLWFK
%DU
ƒ&
ƒ)
&XSZDUPHUVLQJOHVLQJOHWHPSGRXEOHWHPS
83'2:1WRVZLWFK
6HULDO FRQQHFWLRQ DFWLYH QRW DFWLYH 83'2:1WRVZLWFK
35(6685(7(03(5$785(7$%/(IRU
$85(/,$&RPSHWL]LRQH
',5(&7/,1.6
,QPDFKLQHUHDG\VWDWH\RXFDQJRGLUHFWWRWKH
VHWWLQJVEHORZLQVWHDGRIVXUILQJWKHPHQX
6(77,1*7+(7(03(5$785(32,17
SUHVV (17(5 83 WR JR
GLUHFWO\ WR WKH 6HWWLQJ 3RLQW PHQX WKLV ZLOO EH
EDUV RU ƒ&ƒ) GHSHQG RQ WKH VWDWXV YLHZ \RX
ZHUH
SUHVV83RU'2:1WRPRYHXS
DQGGRZQWKHZRUNLQJ3RLQW
ƒ&ƒ)%$5021,725,1*67$7869,(:
7KLVEXWWRQDOORZVWRVZLWFKWKHYLHZ
3UHVV '2:1 WR VZLWFK WKH PRQLWRU
PRGHIURPƒ&)WREDUDQGYLFHYHUVD
212))67$1'%<
(1(5*<6$9,1*02'(
7KLV DOORZV WR URWDWH LQWR WKH WKUHH ZRUNLQJ
PRGHVVWDWXVHV
3UHVV5(6(7IRUVHFWRVZLWFKRQÆ
RIIÆVWDQGE\WKHPDFKLQHVWDWXV
352*5$00$7,21$85(/,$&203(7,=,21(
/,67(
'(6
)21&7,216 ‡3URJUDPPDWLRQ GH O·(&2120,(
'·(1(5*,( VWDQGE\ GH SUHVVLRQ
352*5$00$%/(6
IUDSSHUODWRXFKH(17(5SHQGDQWDX WHPSpUDWXUH
PRLQVVHFSRXUDFFpGHUDXPHQX /D PRGDOLWp VWDQGE\ SHUPHW GH PDLQWHQLU XQH
)LJ
3RXU DOOXPHU OD PDFKLQH IUDSSHU 5(6(7
SHQGDQWDXPRLQVVHF
328662,56$)),&+(85/&'
83'2:1 SRXU QDYLJXHU j
O¶LQWpULHXUGXPHQXPRGLILHUOHV
YDOHXUVRXSDVVHUGHWHPSpUD
WXUHjSUHVVLRQHWYLFHYHUVD
(17(5SRXUDFFpGHUDXPHQX
$&&e'(5$80(18
/H PHQX HVW DFFHVVLEOH DYHF
(17(5
PDLQWHQLUDSSX\HUSHQGDQWVHFSRXUDFFp
GHUDXPHQX
&HWWH RSpUDWLRQ SHXW rWUH HIIHFWXpH
81,48(0(17 SDU XQ 7HFKQLFLHQ
6SpFLDOLVp
8Q UpJODJH HIIHFWXp SDU GHV
7HFKQLFLHQV 121 TXDOLILpV RX SDU
G·DXWUHV SHUVRQQHV QRQ DXWRULVpHV
SHXWIDLUHGpFKRLUODJDUDQWLH
&LGHVVRXVVRQWLQGLTXpHVXQLTXHPHQWOHVQRX
YHOOHV IRQFWLRQV SRXU OHV DXWUHV QRXV YRXV
SULRQVGHYRXVUpIpUHUDXPDQXHOVWDQGDUG
(17(5 IUDSSHU SHQGDQW VHF SRXU
DFFpGHUDXPHQX
83'2:1QDYLJXHUjO¶LQWpULHXU
GX PHQX SRXU WURXYHU OD IRQFWLRQ pFRQRPLH
G¶pQHUJLH
(17(5IUDSSHUSRXUDFFpGHUDXVRXV
PHQX
83'2:1SRXUUpJOHUOHSRLQW
GHVWDQGE\IUDSSHUWHPS
5(6(7SRXUTXLWWHUOHPHQX
‡3URJUDPPHUOH6(732,1735(66
/H 6(7 32,17 35(66 SHUPHW GH FKRLVLU OD
SUHVVLRQWHPSpUDWXUHGHWUDYDLOjUpJLPH
(17(5 IUDSSHU SHQGDQW VHF SRXU
DFFpGHUDXPHQX
83'2:1QDYLJXHUjO¶LQWpULHXU
GXPHQXSRXUDWWHLQGUHXQVHWSRLQWGHSUHVVLRQ
(17(5IUDSSHUSRXUDFFpGHUDXVRXV
PHQX
83'2:1SRXUUpJOHUOHSRLQW
GHWUDYDLOSUHVVWHPS
5(6(7SRXUTXLWWHUOHPHQX
)5$1d$,6
5(6(7 SRXU TXLWWHU OH PHQX HW SRXU
SURJUDPPHU OH IRQFWLRQQHPHQW GX GLV
SRVLWLIRQRIIpFRQRPLHG¶pQHUJLH
&<&/$871(772<$*(
352*5$0'26(6
&2037',675,%87,216
352*5$00212))
(&2120,('·(1(5*,(
352&+$8))(7$66(6
'$7(+(85(
028785(
6(732,1735(66
+,6725,48($/$50(6
(175(7,(1
/$1*8(
7(03(5$785(ƒ&ƒ)
5(*/80,126,7(
SUHVVLRQWHPSpUDWXUH SUpFLVH DYHF OD PDFKLQH
HQpWDWGHUHSRV
$&&e'(5$8;)21&7,216&$&+e(6
&HOD SHUPHW G¶DFFpGHU DX[ DXWUHV IRQFWLRQV
VSpFLDOHV
(QPRGDOLWp5(*//80,126,7(DSSX\HUVXU
OHV WRXFKHV FDIp OpJHU
GX
35(0,(5 '(8;,(0( JURXSH SHQGDQW DX
PRLQVVHFRQGHVSRXUDFFpGHUDXPHQXVSp
FLDO
/HVSRXVVRLUVRQWDORUVOHVIRQFWLRQVVXLYDQWHV
5(6(7SRXUTXLWWHUOHPHQXFDFKp
SDUDPqWUHV
)5$1d$,6
(17(5 SRXU QDYLJXHU j O¶LQWpULHXU GX
PHQXFDFKp
/LVWHIRQFWLRQVFDFKHHV
SURJUDPPDEOHV
1LYHDXDXWRPDWLTXHDYHFSRPSHVDQVSRPSH
83'2:1SRXUFKDQJHU
83
(DXFKDXGHDYHFSRPSHVDQVSRPSH
83'2:1SRXUFKDQJHU
1LYHDXHQGLVWULEXWLRQQRQDFWLIDFWLI
83'2:1SRXUFKDQJHU
&DOLEUDJHGHODWHPSpUDWXUHƒ&)
83'2:1SRXUFKDQJHU
&DOLEUDJHGHODSUHVVLRQPEDU
83'2:1SRXUFKDQJHU
3UpLQIXVLRQ QRQ DFWLI DFWLI 83'2:1SRXUFKDQJHU
&KDXIIHWDVVHVXQLTXHWHPSXQLTXH'RXEOH
83'2:1SRXUFKDQJHU
WHPS
&RQQH[LRQ VpULH DFWLYH QRQ DFWLYH 83'2:1SRXUFKDQJHU
$X PRLQV OH JURXSH 83'2:1SRXUFKDQJHU
$XPRLQVVHUYL
'2:1SRXUFKDQJHU
83
7$%/($835(66,217(03(5$785(
$85(/,$&RPSHWL]LRQH
83'2:1 SRXU PRGLILHU OHV
&DSWHXUQLYHDX
'2:1SRXUFKDQJHU
&DOLEUDJHGHO·KHXUHVHFPRLV
83'2:1SRXUFKDQJHU
%DU
ƒ&
ƒ)
$&&Ë6',5(&76
'DQVO¶pWDW
PDFKLQHSUrWH
LOHVWSRVVLEOHG¶DFFp
GHUGLUHFWHPHQWDX[SURJUDPPDWLRQVFLGHVVRXV
jODSODFHGHSDVVHUSDUOHPHQX
352*5$00(5/$7(03(5$785(
IUDSSHU (17(5 83 SRXU
DFFpGHU GLUHFWHPHQW DX PHQX GH SURJUDPPD
WLRQGX6(732,1735(66H[SULPpHQEDUVRX
HQƒ&ƒ)VHORQO¶DIILFKDJHFRXUDQW
IUDSSHU 83 RX '2:1 SRXU
GpSODFHUODWHPSpUDWXUHGHVHUYLFHHQKDXWHWHQ
EDV
81,7e'(021,725$*(ƒ&ƒ)²%$56
&H SRXVVRLU SHUPHW GH SDVVHU GHV GHJUpV
&HOVLXV)DKUHQKHLWDX[EDUV
)UDSSHU'2:1SRXUSDVVHUGHODPRGD
OLWpDIILFKDJHƒ&ƒ)jEDUVHWYLFHYHUVD
212))67$1'%<
02'$/,7ee&2120,('·e1(5*,(
&HWWHPRGDOLWpSHUPHWWURLVPRGDOLWpVGHWUDYDLO
$SSX\HUVXU5(6(7SHQGDQWVHFSRXU
PHWWUHHQPDUFKHÆ pWHLQGUHÆ PHWWUH
HQVWDQGE\ODPDFKLQH
352*5$00,(581*$85(/,$&203(7,=,21(
$EE
=XP (LQVFKDOWHQ GHU 0DVFKLQH PLQGHVWHQV EHWlWLJHQ
6HN/DQJGLH7DVWH5(6(7
7$67(1'(6/&'',63/$<6
5(6(7]XP9HUODVVHQGHV0HQVXQG
(LQVWHOOXQJ GHU %HWULHEVDUW 2Q2II
(QHUJLHVSDUEHWULHE
83'2:1 ]XP 'XUFKEOlWWHUQ
GHV 0HQV ]XP bQGHUQ GHU
:HUWHXQG]XP8PVFKDOWHQYRQ
7HPSHUDWXU DXI 'UXFN XQG
XPJHNHKUW
/,67( '(5 352*5$00,(5%$5(1
)81.7,21(1
=XU$QZDKO GHV 0HQV GLH (17(5
7DVWHPLQGHVWHQV6HNODQJEHWlWL
JHQ
‡(LQVWHOOHQ GHV (QHUJLHVSDU %HWULHEV
6WDQGE\IU'UXFN7HPSHUDWXU
$87205(,1,*81*6=<./86
352*5$00,(581*'26,6
(171$+0(=b+/(5
352*5$00(,1$86
(1(5*,(63$5%(75,(%
352*57$66(1:b50(5
'$7808+5=(,7
=(,70$+/(1
6(732,17'58&.
+,67)(+/(5/,67(
:$5781*
635$&+(
7(03(5$785ƒ&RGƒ)
+(//,*.(,765(*
(17(5]XU$QZDKOGHV0HQV6HN
ODQJEHWlWLJHQ
$1:$+/'(60(1h6
'LH $QZDKO GHV 0HQV HUIROJW GXUFK
(17(5]XU$QZDKOGHV0HQV6HNXQGHQ
ODQJDQKDOWHQGEHWlWLJHQ
'LHVHU
9RUJDQJ
GDUI
$866&+/,(66/,&+ YRQ HLQHP
)DFKWHFKQLNHUDXVJHIKUWZHUGHQ
'LH(LQVWHOOXQJVHLWHQV1,&+7TXDOL
IL]LHUWHU 7HFKQLNHU RGHU VRQVWLJHU
3HUVRQHQ NDQQ ]XP 9HUIDOO GHU
*DUDQWLHIKUHQ
1DFKVWHKHQGVLQGOHGLJOLFKGLHQHXHQ)XQNWLRQHQ
HUOlXWHUW'LHEULJHQ)XQNWLRQHQHQWQHKPHQ6LH
ELWWHGHP6WDQGDUG+DQGEXFK
83'2:1 'DV 0HQ GXUFK
EOlWWHUQ ELV GLH )XQNWLRQ (1(5*,(63$5
%(75,(%HUUHLFKWLVW
(17(5 ]XU $QZDKO GHV 8QWHUPHQV
EHWlWLJHQ
83'2:1]XU(LQVWHOOXQJGHV
6WDQGE\:HUWVIU'UXFN7HPSHUDWXU
5(6(7]XP9HUODVVHQGHV0HQV
‡(LQVWHOOXQJ GHV 6HW 3RLQWV IU 'UXFN
7HPSHUDWXU
+LHUPLWNDQQGHU'UXFN7HPSHUDWXUZHUWIUGHQ
1RUPDOEHWULHEHLQJHVWHOOWZHUGHQ
(17(5]XU$QZDKOGHV0HQV6HN
ODQJEHWlWLJHQ
83'2:1'DV0HQGXUFKEOlW
WHUQELVGHU6HWSRLQWIUGHQ'58&.HUUHLFKWLVW
(17(5 ]XU $QZDKO GHV 8QWHUPHQV
EHWlWLJHQ
83'2:1]XU(LQVWHOOXQJGHV
%HWULHEVZHUWVIU'UXFN7HPSHUDWXU
'(876&+
(17(5]XU$QZDKOGHV0HQV
'HU 6WDQGE\ %HWULHE HUP|JOLFKW GLH
$XIUHFKWHUKDOWXQJ HLQHV EHVWLPPWHQ 'UXFNV
E]ZHLQHUEHVWLPPWHQ7HPSHUDWXUZlKUHQGGLH
0DVFKLQHLP5XKH]XVWDQGLVW
5(6(7]XP9HUODVVHQGHV0HQV
=8*5,))$8)9(5%25*(1()81.7,21(1
'LHVHU 9RUJDQJ HUP|JOLFKW GHQ =XJULII DXI GLH
6RQGHUIXQNWLRQHQ
,Q GHU )XQNWLRQ (,167(//81* +(//,*.(,7
GLH7DVWHQ7DVVH
GHU(567(1
XQG=:(,7(1*UXSSHPLQGHVWHQV6HNXQGHQ
GUFNHQXPGDV6RQGHUPHQDXI]XUXIHQ
'LH7DVWHQKDEHQQXQIROJHQGH)XQNWLRQHQ
83'2:1 ]XP bQGHUQ GHU
(17(5]XP'XUFKEOlWWHUQGHVYHUERU
JHQHQ0HQV
/LVWHGHUSURJUDPPLHUEDUHQ
YHUERUJHQFIXQNWLRQHQ
'(876&+
6HOEVWUHJHOXQJ )OOVWDQG PLW 3XPSH ± RKQH
83'2:1]XP
3XPSH7DVWHQ
8PVFKDOWHQ
)OOVWDQGVRQGHQ 7DVWHQ
83'2:1]XP8PVFKDOWHQ
+HL‰ZDVVHUPLW3XPSHRKQH3XPSH7DVWHQ
83'2:1]XP8PVFKDOWHQ
)OOVWDQGEHL$EJDEHQLFKWDNWLYDNWLY7DVWHQ
83'2:1]XP8PVFKDOWHQ
7HPSHUDWXUUHJHOXQJƒ&)7DVWHQ
83'2:1]XP8PVFKDOWHQ
'UXFNUHJHOXQJ PEDU 7DVWHQ
83'2:1]XP8PVFKDOWHQ
9RUEUKJUXSSH QLFKW DNWLY DNWLY 7DVWHQ
83'2:1]XP8PVFKDOWHQ
8KUHLQVWHOOXQJ 6HN0RQDW
83'2:1 ]XP
7DVWHQ
8PVFKDOWHQ
6HULHOOHU$QVFKOXVV DNWLY QLFKW DNWLY 7DVWHQ
83'2:1]XP8PVFKDOWHQ
0LQ%UKJUXSSHQ7DVWHQ
83'2:1]XP8PVFKDOWHQ
0LQ $EJDEHJUXSSHQ 7DVWHQ
83'2:1]XP8PVFKDOWHQ
5(6(7 ]XP 9HUODVVHQ GHV YHUERUJH
QHQ0HQV
3DUDPHWHU
7DVVHQZlUPHU (LQ]HO (LQ]HOWHPS±
83'2:1
'RSSHOWHPS7DVWHQ
]XP8PVFKDOWHQ
7$%(//('58&.7(03(5$785IU
$85(/,$&RPSHWL]LRQH
%DU
ƒ&
ƒ)
',5(.7(806&+$/781*
%HLEHWULHEVEHUHLWHU0DVFKLQHN|QQHQGLHQDFK
VWHKHQGHQ (LQVWHOOXQJHQ GLUHNW YRUJHQRPPHQ
ZHUGHQRKQHGDV0HQDXIUXIHQ]XPVVHQ
(,167(//81*'(67(03(5$785:(576
'LH7DVWHQ(17(583EHWl
WLJHQ XP GLUHNW DXI GDV 0HQ ]XU (LQVWHOOXQJ
GHV:HUWV]X]XJUHLIHQ%DURGHUƒ&ƒ)MHQDFK
GHP6WDWXVLQGHPPDQVLFKEHILQGHW
'LH 7DVWHQ 83 RGHU '2:1
EHWlWLJHQ XP GLH %HWULHEVWHPSHUDWXU ]X HUK|
KHQRGHU]XVHQNHQ
$1=(,*(67$786ƒ&ƒ)2'(5%$5
'LHVH 7DVWH HUP|JOLFKW GDV 8PVFKDOWHQ YRQ
7HPSHUDWXUDXI'UXFNDQ]HLJH
'LH 7DVWH '2:1 EHWlWLJHQ XP YRQ
7HPSHUDWXUDQƒ&)DXI'UXFNDQ]HLJHEDUXP]X
VFKDOWHQRGHUXPJHNHKUW
212))67$1'%<
(1(5*,(63$5%(75,(%
'LHVH 7DVWH HUP|JOLFKW GDV 8PVFKDOWHQ ]ZL
VFKHQGHQGUHL%HWULHEVDUWHQ
'LH7DVWH5(6(76HNODQJEHWlWLJHQ
XPGLH0DVFKLQHDXI2QÆ2IIÆ6WDQGE\
XP]XVFKDOWHQ
352*5$0$&,Ð1$85(/,$&203(7,=,21(
/,67$ '( /$6 )81&,21(6
352*5$0$%/(6
DSUHWDUODWHFOD(17(5SRUORPHQRV
GXUDQWH VHJ SDUD HQWUDU HQ HO
PHQ~
)LJ
3DUD HQFHQGHU OD PiTXLQD DSUHWDU 5(6(7
SRUORPHQRVGXUDQWHVHJ
7(&/$6'(/$3$17$//$
(/(&75Ð1,&$/&'
5(6(7SDUDVDOLUGHOPHQ~\DMXVWDUHO
IXQFLRQDPLHQWR GHO DSDUDWR RQRIIDKR
UURHQHUJpWLFR
83'2:1 GHVSOD]DUVH SRU HO
PHQ~ \ FDPELDU ORV YDORUHV \
SDUD SDVDU GH WHPSHUDWXUD D
SUHVLyQ\YLFHYHUVD
(17(5SDUDHQWUDUHQHOPHQ~
(175$5(1(/0(1Ó
(O PHQ~ HV DFFHVLEOH FRQ
(17(5
DSUHWDUGHPDQHUDFRQWLQXDGDGXUDQWHVHJ
SDUDHQWUDUHQHOPHQ~
&,&/2/,03,(=$$8720È7,&$
352*5$0$'26,6
&8(17$'(/$6(52*$&,21(6
352*$0$212))
$+2552(1(5*e7,&2
352*5$0$&$/,(17$7$=$6
)(&+$+25$
02/,(1'$
6(732,1735(6
+,67Ï5,&2$/$50$6
0$17(1,0,(172
,',20$
7(03(5$785$ƒ&Rƒ)
$-867(/80,126,'$'
2SHUDFLyQOOHYDGDDFDER6Ð/2SRU
XQ 7pFQLFR FXDOLILFDGR /DV UHJXOD
FLRQHV HIHFWXDGDV SRU WpFQLFRV 12
FXDOLILFDGRV SRGUtDQ KDFHU FDGXFDU
ODJDUDQWtD
$ FRQWLQXDFLyQ VH H[SOLFDQ VRODPHQWH ODV QXH
YDV IXQFLRQHV SDUD HO UHVWR GH HOODV URJDPRV
WRPDUFRPRUHIHUHQFLDHOPDQXDOHVWiQGDU
‡$MXVWH GHO $KRUUR (QHUJpWLFR 6WDQG
E\GHSUHVLyQWHPSHUDWXUD
(OPRGRVWDQGE\SHUPLWHPDQWHQHUXQDFLHUWD
SUHVLyQWHPSHUDWXUD FRQ OD PiTXLQD HQ HVWDGR
GHGHVFDQVR
(17(5 DSUHWDU GXUDQWH VHJ SDUD
HQWUDUHQHOPHQ~
83'2:1 GHVSOD]DUVH SRU HO
PHQ~SDUDOOHJDUDO$+2552(1(5*e7,&2
(17(5$SUHWDUSDUDHQWUDUHQHOVXE
PHQ~
83'2:1 SDUD UHJXODU HO
SXQWRGHVWDQGE\SRLQWSUHVWHPS
5(6(7SDUDVDOLUGHORVPHQ~V
‡$MXVWDUHO6HW3RLQWSUHVLyQWHPSHUDWXUD
(O WHPSSRLQW SHUPLWH VHOHFFLRQDU OD SUHVLyQ
WHPSHUDWXUDHQUpJLPHQGHWUDEDMR
(17(5 DSUHWDU GXUDQWH VHJ SDUD
HQWUDUHQHOPHQ~
83'2:1 GHVSOD]DUVH SRU HO
PHQ~SDUDOOHJDUDO6(732,1735(6,Ï1
(17(5$SUHWDUSDUDHQWUDUHQHOVXE
PHQ~
5(6(7SDUDVDOLUGHORVPHQ~V
(63$f2/
83'2:1 SDUD UHJXODU HO
SXQWRGHWUDEDMRSUHVWHPS
$&&('(5$/$6)81&,21(6(6&21','$6
3HUPLWHHODFFHVRDRWUDVIXQFLRQHVHVSHFLDOHV
&DOLEUDFLyQGHOUHORMVHJPHV
83'2:1SDUDFRQPXWDU
(Q 5(*8/$&,Ï1 /80,126,'$' DSUHWDU ODV
&RQH[LyQ VHULDO DFWLYD QR DFWLYD 83'2:1SDUDFRQPXWDU
WHFODVFDIpODUJR
GHO35,0(5
6(*81'2 JUXSR SRU OR PHQRV GXUDQWH VHJXQGRVSDUDHQWUDUHQHOPHQ~HVSHFLDO
$KRUDODVWHFODVWLHQHQODVVLJXLHQWHVIXQFLRQHV
0HQRVJUXSR
'2:1SDUDFRQPXWDU
0HQRVVHUYLGR
'2:1SDUDFRQPXWDU
83
83
5(6(7SDUDVDOLUGHOPHQ~HVFRQGLGR
SDUiPHWURV
83'2:1 SDUD FDPELDU ORV
(17(5SDUDGHVSOD]DUVHSRUHOPHQ~
HVFRQGLGR
/LVWDGHIXQFLRQHVHVFRQGLGDV
SURJUDPDEOHV
$XWRQLYHO FRQ ERPED VLQ ERPED 83'2:1SDUDFRQPXWDU
6HQVDXWRQLYHO
'2:1SDUDFRQPXWDU
83
$JXDFDOLHQWHFRQERPEDVLQERPED
83'2:1SDUDFRQPXWDU
1LYHOHQHURJDFLyQQRDFWLYRDFWLYR
83'2:1SDUDFRQPXWDU
&DOLEUDFLyQ GH OD WHPSHUDWXUD ƒ&)
83'2:1SDUDFRQPXWDU
(63$f2/
&DOLEUDFLyQGHODSUHVLyQPEDUV
83'2:1SDUDFRQPXWDU
3UHLQIXVLyQQRDFWLYRDFWLYR
83'2:1SDUDFRQPXWDU
&DOLHQWDWD]DV~QLFD~QLFDWHPSGREOHWHPS
83'2:1SDUDFRQPXWDU
7$%/$35(6,Ð17(03(5$785$SDUD
$85(/,$&RPSHWL]LRQH
%DU
ƒ&
&21(;,21(6',5(&7$6
&RQ³PiTXLQDOLVWD´HVSRVLEOHDFFHGHUGLUHFWD
PHQWHDORVDMXVWHVVLJXLHQWHVHQOXJDUGHSDVDU
SRUHOPHQ~
ƒ)
$-867('(/$7(03(5$785$
DSUHWDU(17(583SDUDLU
GLUHFWDPHQWH DO PHQ~ 6HWWLQJ 3RLQW pVWH VHUi
EDUV R ƒ&ƒ) GHSHQGHUi GHO HVWDGR HQ YLVWD
TXHKDEtD
DSUHWDU83R'2:1SDUDGHV
SOD]DUDUULED\DEDMRHO3XQWRGHWUDEDMR
81,'$''(&21752/6(*8,0,(172
ƒ&ƒ)²%$5
(VWDWHFODSHUPLWHFDPELDUGHJUDGRV&HOVLXVR
)DKUHQKHLW\EDU
$SUHWDU'2:1SDUDFDPELDUGHOPRGR
PRQLWRUƒ&)DEDU\YLFHYHUVD
212))67$1'%<
02'2'($+2552(1(5*e7,&2
(VWRSHUPLWHURWDUHQWUHVPRGRVGHWUDEDMR
$SUHWDU 5(6(7 GXUDQWH VHJ SDUD
HQFHQGHUÆDSDJDUÆSRQHUHQVWDQGE\
ODPiTXLQD
%QFKEG
'RTQO
'FFGN
0WQXC&KUVTKDWVKQP%GPVTG
..%5CNCUJCP2-9;$.&)#
(GTFCNG9#
6GN
(CZ
XKFGQEQPH
YYYPWQXCUKOQPGNNKKV
KPHQ"PWQXCUKOQPGNNKEQO
)TCRJKEUD[:6;2''0)+0''4+0)5TN
8KC/Fŏ#PVGIKCPQ
$GNHQTVGFGN%JKGPVK
/CEGTCVC+VCN[
6GN
(CZ
YYYPWQXCUKOQPGNNKKV
'OCKNPUKOQPGNNK"PWQXCUKOQPGNNKKV
.C0WQXC5KOQPGNNKUKTKUGTXCFKCRRQTVCTGVWVVGNGOQFKHKEJGTKVGPWVGPGEGUUCTKG
Scarica

Manuale - Nuova Simonelli