Panasonic TX25SL1FZ de handleiding

Merk: Panasonic

Model: TX25SL1FZ

Type: de handleiding

Deze handleiding is ook geschikt voor

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk

DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk

DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk

DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk

DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk

DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk

DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3

QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D

DVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD

RQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV

QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR

Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL

74%(%'

7;6/)=

7;6/)=

*HEUXLNVDDQZLM]LQJ

.OHXUHQWHOHYLVLH

1HGHUODQGV

)UDQDLV

0RGH GHPSORL

7 O YLVHXU FRXOHXU



*HDFKWH 3DQDVRQLFNODQW

+DUWHOLMN JHIHOLFLWHHUG PHW GH DDQNRRS YDQ XZ 3DQDVRQLF .OHXUHQWHOHYLVLH :LM KRSHQ GDW X MDUHQ ODQJ SOH]LHU

]XOW KHEEHQ YDQ XZ QLHXZH 79WRHVWHO 'LW LV HHQ WHFKQLVFK ]HHU JHDYDQFHHUG WRHVWHO PDDU PHW GH 4XLFN 6WDUW

KDQGOHLGLQJ NXQW X VQHO JDDQ JHQLHWHQ YDQ XZ 79 'DDUQD NXQW X GH UHVW YDQ GH KDQGOHLGLQJ OH]HQ RP WH OHUHQ

KRH X YROOHGLJ JHEUXLN NXQW PDNHQ YDQ DOOH IXQFWLHV 9RRU HYHQWXHOH YUDJHQ QD KHW OH]HQ YDQ GH]H

JHEUXLNVDDQZLM]LQJ NXQW X NRQWDNW RSQHPHQ PHW 3DQDVRQLF &HQWUH 1HGHUODQG 7HOHIRRQ  

:DDUVFKXZLQJHQ HQ YRRU]RUJVPDDWUHJHOHQ 

4XLFN 6WDUWKDQGOHLGLQJ 

%HGLHQLQJVIXQFWLHV HQ DDQVOXLWLQJHQ 

*HEUXLN YDQ GH EHHOGVFKHUPPHQXV 

%HHOGPHQX 

*HOXLGPHQX 

$IVWHPPHQX 

,QVWHOPHQX 

$IVWHPPHQX  3URJUDPPDDDQSDVVLQJ 

$IVWHPPHQX  $XWRPDWLVFK LQVWHOOHQ $73 

$IVWHPPHQX  +DQGPDWLJ LQVWHOOHQ 

26'7DDO 

4/LQN 

$9VHOHFWLH HQ LQVWHOOLQJ 

9&5'9'EHGLHQLQJ 

7HOHWHNVWEHGLHQLQJ 

$XGLRYLGHR $9DDQVOXLWLQJHQ 

$FKWHU]LMGH $9$9 SHQV 6&$57 HQ 5&$

$XGLRXLWJDQJHQ 

6&$57 HQ 69LGHRDDQVOXLWLQJHQ 

6WRULQJVWDEHO 

7HU LQIRUPDWLH 

6SHFLILFDWLHV 

- 'LW 79WRHVWHO LV ]R RQWZRUSHQ GDW KHW ZHUNW RS    9 

+] ZLVVHOVWURRP

- 2P EHVFKDGLJLQJ HOHNWULVFKH VFKRNNHQ RI EUDQG WH

YRRUNRPHQ PDJ KHW WRHVWHO QRRLW DDQ YRFKW ZRUGHQ

EORRWJHVWHOG +HW WRHVWHO QRRLW LQ HHQ YRFKWLJH RPJHYLQJ

SODDWVHQ

- :$$56&+8:,1* +22*63$11,1*

'H DFKWHUNDQW YDQ GLW WRHVWHO QRRLW YHUZLMGHUHQ GDDU GDQ

GHOHQ WRHJDQNHOLMN ZRUGHQ GLH RQGHU VWURRP VWDDQ +HW

79WRHVWHO EHYDW JHHQ RQGHUGHOHQ HQRI FRPSRQHQWHQ GLH

X]HOI NXQW UHSDUHUHQ RI YHUYDQJHQ

- +HW WRHVWHO QLHW EORRWVWHOOHQ DDQ GLUHFW ]RQOLFKW RI DQGHUH

ZDUPWHEURQQHQ

- 'H $DQ8LWVFKDNHODDU YHUEUHHNW GH YHUELQGLQJ PHW KHW

HOHNWULFLWHLWVQHW QLHW YROOHGLJ +DDO GH VWHNNHU XLW KHW

VWRSFRQWUDFW ZDQQHHU KHW WRHVWHO JHGXUHQGH ODQJHUH WLMG QLHW

JHEUXLNW ZRUGW

- 21'(5+28' 9$1 '( .$67 (1 %((/'%8,6

1HHP GH VWHNNHU XLW KHW VWRSFRQWDFW =RZHO GH NDVW DOV GH

EHHOGEXLV NXQQHQ JHUHLQLJG ZRUGHQ GRRU ]H DI WH QHPHQ

PHW HHQ ]DFKWH GRHN GLH EHYRFKWLJG LV PHW HHQ PLOG

ZDVPLGGHO HQ ZDWHU *HEUXLN JHHQ VFKRRQPDDNPLGGHO GDW

EHQ]HHQ RI SHWUROHXP EHYDW $OWLMG YRRU]LFKWLJ ]LMQ DOV X

ELMYRRUEHHOG KHW 79VFKHUP DDQUDDNW GDDU GLW VWDWLVFK

JHODGHQ NDQ ]LMQ

- (HQJRHGHYHQWLODWLHHQUHLQLJLQJLVYHUHLVWRPWHYRRUNRPHQ

GDW HOHNWULVFKH RQGHUGHOHQ GRRU RYHUYHUKLWWLQJ GHIHFW UDNHQ

:LM DGYLVHUHQ X RP HHQ DIVWDQG YDQ PLQLPDDO FP URQG GH

7HOHYLVLH YULM WH KRXGHQ DOV GH]H LQ HHQ PHXEHO  RI WXVVHQ

SODQNHQ JHSODDWVW LV HQ RP HHQ UHJHOPDWLJ UHLQLJLQJV

RQGHUKRXG WH ODWHQ XLWYRHUHQ GRRU XZ 2IILFLHOH 3DQDVRQLF

'HDOHU

'UDDJ ELM WRW KHW EHKRXG YDQ KHW PLOLHX

- /HJH HQ RSODDGEDUH EDWWHULMHQ PRJHQ QLHW ELM KHW KXLVYXLO

ZRUGHQ JHSODDWVW

- :LQ DGYLHV LQ ELM GH SODDWVHOLMNH DXWRULWHLWHQ YRRU LQIRUPDWLH

RYHU VSHFLDOH SODDWVHQ YRRU .OHLQ &KHPLVFK $IYDO .&$

ZDDU X GH JHEUXLNWH EDWWHULMHQ NXQW LQOHYHUHQ

1LHW ZHJJRRLHQ

PDDU LQOHYHUHQ

DOV .&$

:(/.20

,1+28'623*$9(

:$$56&+8:,1*(1 (1 9225=25*60$$75(*(/(1



&RQWUROHHU HHUVW RI GH 9&5 RS 6WDQGE\ VWDDW

$OV X HHQ QLHXZH 4/LQN FRPSDWLEHOH 9&5 DDQVOXLW NXQW X GH]H QX

LQVFKDNHOHQ 2YHUJHEUDFKWH DIVWHPJHJHYHQV NRPHQ RYHUHHQ PHW GLH

YDQ GH WHOHYLVLH $OV X HHQ QLHXZH

FRPSDWLEHOH 9&5

DDQVOXLW PRHW X KHW RYHUEUHQJHQ KDQGPDWLJ LQ ZHUNLQJ VWHOOHQ

5DDGSOHHJ XZ 9&5KDQGOHLGLQJ YRRU PHHU LQIRUPDWLH

- ,QGLHQ GH 9&5 GH YDQ GH 79 RYHUJHEUDFKWH JHJHYHQV QLHW DFFHSWHHUW PRHW X ZHOOLFKW GH GRZQORDGRSWLH XLW KHW PHQX YDQ GH

9&5 VHOHFWHUHQ

- LQGLHQ 4/LQN QLHW FRUUHFW IXQFWLRQHHUW PRHW X FRQWUROHUHQ RI KLM DDQJHVORWHQ LV RS GH $9DDQVOXLWLQJ YDQ GH WHOHYLVLH RI GH

6&$57YHUELQGLQJ kYROOHGLJ IXQFWLRQHHOl LV HQ RI GH 9&5 FRPSDWLEHO LV PHW 4/LQN

RI RYHUHHQNRPVWLJH

WHFKQRORJLHùQ 1HHP FRQWDFW RS PHW XZ GHDOHU YRRU PHHU LQIRUPDWLH

- 9RRU PHHU LQIRUPDWLH RYHU 4 /LQN HQ DSSDUDWXXU DDQVOXLWLQJ ]LH GH EODG]  HQ 









%DWWHULMHQ YRRU GH

DIVWDQGVEHGLHQLQJ

 [ 5 80

$IVWDQGVEHGLHQLQJ

(85

&RQWUROHHU RI DOOH RQGHUVWDDQGH DFFHVVRLUHV HQ DUWLNHOHQ DDQZH]LJ ]LMQ

*HEUXLNVDDQZLM]LQJ

74%(%'

79JDUDQWLHEHZLMV

- &RQWUROHHU RI GH EDWWHULMHQ RS GH

MXLVWH ZLM]H  HQ   JHSODDWVW ]LMQ

- *HEUXLN JHHQ RXGH HQ QLHXZH

EDWWHULMHQGRRUHONDDU 9HUZLMGHUOHJH

EDWWHULMHQ RQPLGGHOOLMN

- *HEUXLN QLHW YHUVFKLOOHQGH W\SHQ

EDWWHULMHQ GRRU HONDDU EY DONDOLQH

HQ PDQJDDQEDWWHULMHQ *HEUXLN

JHHQ RSODDGEDUH 1L&DG

6OXLW GH VWHNNHUV YDQ GH DQWHQQH HQ GH DQGHUH

DSSDUDWHQ DDQ

6HOHFWHHU XZ ODQG

1X EHJLQW GH DXWRPDWLVFKH

LQVWDOODWLH GH ]HQGHUV

ZRUGHQ RSJH]RFKW HQ LQ KHW

JHKHXJHQ RSJHVODJHQ

,QGLHQ HHQ FRPSDWLEHOH

9&5 DDQJHVORWHQ LV RS GH

$9DDQVOXLWLQJ ZRUGHQ GH

SURJUDPPDJHJHYHQV YLD GH

4/LQN QDDU GH 9&5

JHNRSLHHUG =LH SDJLQD 

%DWWHULMHQ YRRU GH

DIVWDQGVEHGLHQLQJ

*HOXLGVYROXP

H DDQSDVVHQ

9DQ NDQDDO

YHUDQGHUHQ

$OOHHQ YRRU =ZLWVHUODQG HQ %HOJLù

.LHV GH JHZHQVWH WDDO

'UXNGHURGHWRHWVLQ

48,&. 67$57+$1'/(,',1*



.HX]HVFKDNHODDU 79 NLMNHQ RI

$9EHGLHQLQJ ]LH SDJLQD 

6WDQGE\ $$18,7VFKDNHODDU

,QGUXNNHQRPGH79LQWH

VFKDNHOHQ RI XLW WH VFKDNHOHQ

VWDQGE\

.LH]HQ YDQ ]HQGHUSRVLWLHV PHW WZHH

FLMIHUV  EHKXOS YDQ GH

QXPHULHNH WRHWVHQ

3URJUDPPD  .DQDDONHX]HWRHWVHQ

 HQ WHOHWHNVWSDJLQDWRHWVHQ

]LH SDJLQD 

0HQXWRHWVHQ

,QGUXNNHQ RP GH EHHOG JHOXLG HQ

LQVWHOPHQXV RS WH URHSHQ ]LH SDJLQD



*HOXLG $DQ8LW

'LUHFWH NDQDDOLQJDYH

,QGUXNNHQ WLMGHQV QRUPDDO 79NLMNHQ

RI LQ KHW DIVWHP

SURJUDPPDDDQSDVVLQJ RI

KDQGPDWLJ DIVWHPPHQX HQ

YHUYROJHQV PHW GH QXPHULHNH

WRHWVHQ KHW NDQDDOQXPPHU LQJHYHQ

7HOHWHNVWWRHWVHQ =LH SDJLQD 

*HNOHXUGH WRHWVHQ YRRU

SURJUDPPDDDQSDVVLQJVIXQFWLHV

]LH SDJLQD 

7HOHWHNVWIXQFWLHV ]LH SDJLQD 

$9VHOHFWLH ]LH SDJLQD 

1HWYRHGLQJ $$18,7VFKDNHODDU

675 JHKHXJHQ

:RUGW JHEUXLNW YRRU KHW

RSVODDQ YDQ DIVWHP HQ

DQGHUH IXQFWLHLQVWHOOLQJHQ

) IXQFWLHNHX]H

,QGUXNNHQ RP YLD GH VFKHUPIXQFWLHV WH

NLH]HQ 9ROXPH &RQWUDVW +HOGHUKHLG

.OHXU 6FKHUSWH .OHXUVFKDNHULQJ LQ

176&PRGXV /DDJ +RRJ %DODQV HQ

$IVWHPPRGXV

+LHUPHH ZRUGW GH

SURJUDPPDSRVLWLH VWHHGV

]HQGHU YHUKRRJG $OV HHQ IXQFWLH

UHHGV ZRUGW ZHHUJHJHYHQ GH

WRHWV LQGUXNNHQ RP GH

JHVHOHFWHHUGH IXQFWLH WH

YHUKRJHQ RI WH YHUODJHQ

79$9VFKDNHODDU ]LH SDJLQD 

5RRG OLFKW EHWHNHQW 6WDQGE\PRGXV

*HEUXLN GH VWDQGE\WRHWV   RI

WRHWVHQRPGH79LQWH

VFKDNHOHQ

'RRU GH 1WRHWV LQ WH GUXNNHQ ZRUGHQ

GH LQVWHOOLQJHQ XLW KHW 675JHKHXJHQ

RSJHURHSHQ

675JHKHXJHQ

&XUVRUWRHWVHQ YRRU KHW PDNHQ YDQ

VHOHFWLHV HQ DIVWHOOLQJHQ

+HOSWRHWV YRRU GHPRQVWUDWLH

YDQ GH EHHOGVFKHUPPHQXV

$PELHQFH DDQXLW

'LUHFWH 79RSQDPHWRHWV

]LH SDJLQD 

6WDWXVWRHWV

,QGUXNNHQ YRRU ZHHUJDYH YDQ GH

SURJUDPPDSRVLWLH GH

SURJUDPPDQDDP KHW NDQDDOQXPPHU

KHW 79V\VWHHP GH WLMG GH

VWHUHRPRGXV HQ GH SURJUDPPDWDEHO

9&5'9'7RHWVHQ

]LH SDJLQD 

%(',(1,1*6)81&7,(6 (1 $$16/8,7,1*(1

)52173$1((/ (1 $)67$1'%(',(1,1*



'LW 79WRHVWHO LV YRRU]LHQ YDQ XLWJHEUHLGH EHHOGVFKHUPPHQXV YRRU KHW XLWYRHUHQ YDQ DIVWHOOLQJHQ

HQ KHW LQVWHOOHQ YDQ RSWLHV

%LM VRPPLJH VHOHFWLHV ]RDOV FRQWUDVW KHOGHUKHLG NOHXUHQ HQ VFKHUSWH NXQW

X KHW QLYHDX YHUKRJHQ RI YHUODJHQ

%LM DQGHUH VHOHFWLHV ]RDOV GH 8LWWLPHU NXQW X HHQ EHSDDOGH NHX]H PDNHQ

(U ]LMQ RRN VHOHFWLHV ]RDOV KHW DIVWHPPHQX GLH HHQ YROJHQG VXEPHQX

RSURHSHQ

'H %((/' *(/8,' (1 ,167(/WRHWVHQ ZRUGHQ

JHEUXLNW RP GH KRRIGPHQXV WH RSHQHQ HQ WHYHQV

RP WHUXJ WH NHUHQ QDDU KHW YRRUJDDQGH PHQX

'H WRHWVHQ FXUVRU RPKRRJ HQ RPODDJ ZRUGHQ

JHEUXLNW RP GH FXUVRU RPKRRJ HQ RPODDJ GRRU GH

PHQXV WH YHUSODDWVHQ

'H FXUVRU WRHWVHQ OLQNV HQ UHFKWV ZRUGHQ JHEUXLNW

RP PHQXV RS WH URHSHQ QLYHDXV LQ WH VWHOOHQ HQ

WH NLH]HQ XLW GH DDQJHERGHQ RSWLHV

'H j675 WRHWV ZRUGW JHEUXLNW RP GH LQVWHOOLQJHQ

LQ KHW JHKHXJHQ RS WH VODDQ QDGDW X XZ NHX]H

JHPDDNW KHHIW

'H 79$9WRHWV ZRUGW JHEUXLNW RP KHW

PHQXV\VWHHP WH YHUODWHQ HQ WHUXJ WH NHUHQ QDDU

KHW QRUPDOH EHHOGVFKHUP

0HW GH j+(/3 WRHWV ZRUGW HHQ GHPRQVWUDWLH YDQ

DOOH EHVFKLNEDUH PHQXV ZHHUJHJHYHQ RS KHW

EHHOGVFKHUP 'UXN RS GH +(/3WRHWV HQ NLHV HHQ

YDQ GH EHVFKLNEDUH RSWLHV

0HQXQDDP

6HOHFWLHEDON

6XEPHQXV

2SWLH LQGLFDWRU

,QVWUXFWLHV

79$9

%HHOG

*(%58,. 9$1 '( %((/'6&+(500(186



0HW KHW %HHOGPHQX NXQW X ZLM]LJLQJHQ DDQEUHQJHQ LQ GH EHHOGNZDOLWHLW

5RHS KHW EHHOGPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

9HUKRRJ RI YHUODDJ QLYHDXV RI

VWHO RSWLHV LQ

'UXN GH 79$9WRHWV LQ RP KHW

EHHOGPHQX WH YHUODWHQ

'H FRQWUDVW KHOGHUKHLG HQ

VFKHUSWHQLYHDXV NXQQHQ DDQJHSDVW

ZRUGHQ DDQ XZ HLJHQ YRRUNHXU HQ DDQ

GH NLMNRPVWDQGLJKHGHQ

'H PRJHOLMNKHLG RP GH

NOHXUVFKDNHULQJ LQ WH VWHOOHQ LV DOOHHQ

DDQZH]LJ DOV X HHQ 176&VLJQDDOEURQ

DDQJHVORWHQ KHHIW RS GH 79

0HW GH NOHXUEDODQVLQVWHOOLQJ NXQW X GH

DOJHPHQH NOHXULQJ YDQ KHW EHHOG

DDQSDVVHQ

315 UHGXFHHUW DXWRPDWLVFK

RQJHZHQVWH EHHOGUXLV

'H $,IXQFWLH DQDO\VHHUW DXWRPDWLVFK

KHW ELQQHQNRPHQGH EHHOG HQ VWHOW KHW

DXWRPDWLVFK DI RS HHQ YHUEHWHUG

FRQWUDVW PHW RSWLPDOH VFKHUSWHGLHSWH

HQ OHYHQGLJH NOHXUVFKDNHULQJHQ

%((/'0(18

79$9

%HHOG

.RQWUDVW

.OHXUVFKDNHULQJ

.OHXU

+HOGHUKHLG

6FKHUSWH

.OHXUEDODQV

315



0HW KHW JHOXLGPHQX NXQW X DOOH DVSHFWHQ YDQ KHW JHOXLG DDQSDVVHQ DDQ XZ SHUVRRQOLMNH YRRUNHXU

5RHS KHW JHOXLGPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

9HUKRRJ RI YHUODDJ GH

LQVWHOQLYHDXV RI PDDN HHQ

NHX]H XLW GH JHERGHQ RSWLHV

'UXN GH 79$9WRHWV LQ RP KHW

JHOXLGPHQX WH YHUODWHQ

+LHUPHH VWHOW X KHW DOJHPHQH

JHOXLGVQLYHDX LQ

0HWGHDIVWHOOLQJYDQGHODJHWRQHQ

ZRUGHQ GH ODJHUH RI GLHSHUH WRQHQ

KRJHU RI ODJHU LQJHVWHOG

0HWGHDIVWHOOLQJYDQGHKRJHWRQHQ

ZRUGHQ GH KRJHUH RI VFKHUSHUH WRQHQ

KRJHU RI ODJHU LQJHVWHOG

'H EDODQV LV YDQ LQYORHG RS KHW

DI]RQGHUOLMNH JHOXLGVYROXPH YDQ GH

OLQNHU HQ UHFKWHU OXLGVSUHNHU 8 NXQW GH

EDODQV ]RGDQLJ LQVWHOOHQ GDW KHW

JHOXLGVYROXPH YDQ EHLGH OXLGVSUHNHUV

DDQJHSDVW ZRUGW DDQ XZ OXLVWHUSRVLWLH

'H $,IXQFWLH DQDO\VHHUW DXWRPDWLVFK

KHW ELQQHQNRPHQGH JHOXLGVLJQDDO HQ

VWHOW KHW DXWRPDWLVFK DI RS HHQ PLQGHU

UXLV HQ RSWLPDDO JHOXLG

03; VWDDW JHZRRQOLMN LQJHVWHOG RS

VWHUHR YRRU GH EHVWH JHOXLGVZHHUJDYH

%LMPLQGHUJRHGHRQWYDQJVWFRQGLWLHVRI

ZDQQHHU KHW JHOXLG QLHW LQ VWHUHR ZRUGW

XLWJH]RQGHQ LV KHW UDDG]DDP RYHU WH

VFKDNHOHQ RS PRQR +HW LV RRN

PRJHOLMN RYHU WH VFKDNHOHQ RS 0RQR

0 HQ 0 LQGLHQ GH]H VLJQDOHQ

XLWJH]RQGHQ ZRUGHQ

+HW JHOXLG NDQ YHUEHWHUG ZRUGHQ GRRU

GH PX]LHN RI VSUDDNPRGXV LQ WH

VFKDNHOHQ

$PELHQFH ]RUJW YRRU HHQ G\QDPLVFKH

YHUEHWHULQJ PHW JHVLPXOHHUGH

UXLPWHOLMNH HIIHFWHQ

*(/8,'0(18

79$9

*HOXLG

/DDJ

+RRJ

03;

$PELHQFH

%DODQV

0RGXV

9ROXPH



+HW ,QVWHOPHQX ELHGW WRHJDQJ WRW YHUVFKLOOHQGH JHDYDQFHHUGH IXQFWLHV HQ WRW KHW $IVWHPPHQX

5RHS KHW ,QVWHOPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

9HUKRRJ RI YHUODDJ GH

LQVWHOQLYHDXV PDDN HHQ NHX]H

XLW GH EHVFKLNEDUH RSWLHV RI

URHS DQGHUH PHQXV RS

'UXN GH 79$9WRHWV LQ RP KHW

LQVWHOPHQX WH YHUODWHQ

0HW GH 7HOHWHNVWRSWLH NXQW X NLH]HQ

WXVVHQ GH 723)/2) RI /,67PRGXV

=LH SDJLQD 

0HW $VSHFW NXQW X EUHHGEHHOG

XLW]HQGLQJHQ EHNLMNHQ RS KHW FRUUHFWH

EHHOGIRUPDDW 

0HW GH]H IXQFWLH NXQW X GH WLMG LQVWHOOHQ

ZDDUQD GH 79 XLWJHVFKDNHOG ZRUGW 'H

XLWVFKDNHOWLMG NXQW X LQ VWDSSHQ YDQ 

PLQXWHQ LQVWHOOHQ YDQ  WRW  PLQXWHQ

0HW 4/LQN NXQW X GH

GDWDFRPPXQLFDWLH PHW HHQ

FRPSDWLEHOH 9&5 LQ HQ XLWVFKDNHOHQ

=LH SDJLQD 

+HW$IVWHPPHQXELHGWWRHJDQJWRWYHOH

DQGHUH IXQFWLHV ]RDOV SURJUDPPD

DDQSDVVLQJ $73 ILMQDIVWHOOLQJ

KDQGPDWLJH DIVWHPPLQJ

NOHXUV\VWHHP HQ YROXPHFRUUHFWLH =LH

SDJLQD 

0HW 26'7DDO NXQW X GH WDDO YRRU GH

EHHOGVFKHUPPHQXV LQVWHOOHQ

=LH SDJLQD 

,167(/0(18

79$9

,QVWHOOLQJHQ

$VSHFW

8LWWLPHU

7HOHWHNVW

4/LQN

$IVWHPPHQX

26' 7DDO



+HW DIVWHPPHQX ELHGW WRHJDQJ WRW PHQXV YRRU KDQGPDWLJ DIVWHPPHQ DXWRPDWLVFK DIVWHPPHQ HQ

ILMQDIVWHPPLQJ

5RHS KHW LQVWHOPHQX RS

*D QDDU KHW DIVWHPPHQX

5RHS KHW DIVWHPPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

9HUKRRJ RI YHUODDJ GH

LQVWHOQLYHDXV PDDN HHQ NHX]H

XLW GH EHVFKLNEDUH RSWLHV RI

URHS DQGHUH PHQXV RS

'UXN GH 79$9WRHWV LQ RP WHUXJ

WH NHUHQ

,Q KHW PHQX k3URJUDPPDDDQSDVVLQJl

NXQW X ]HQGHUV YHUSODDWVHQ

WRHYRHJHQ ZLVVHQ KHUEHQRHPHQ

EORNNHUHQ HQ KHHIW X WRHJDQJ WRW KHW

79V\VWHHP

=LH SDJLQD 

0HW KHW $XWRPDWLVFKH ,QVWHOPHQX NXQW

X GH 79 DXWRPDWLVFK ILMQDIVWHPPHQ

=LH SDJLQD 

0HW KHW PHQX k+DQGPDWLJH

DIVWHPPLQJl NXQQHQ DI]RQGHUOLMNH

]HQGHUSRVLWLHV KDQGPDWLJ ZRUGHQ

LQJHVWHOG =LH SDJLQD 

0HW EHKXOS YDQ GH ILMQDIUHJHOIXQFWLH

NXQW X GH RQWYDQJVW YDQ 79VWDWLRQV

RSWLPDOLVHUHQ

0HW KHW .OHXUV\VWHHPPHQX NXQW KHW

MXLVWH NOHXUV\VWHHP  XLW]HQGQRUP

LQVWHOOHQ

0HW 9ROXPHFRUUHFWLH NXQW X KHW

JHOXLGVQLYHDX YDQ GH DI]RQGHUOLMNH

VWDWLRQV LQVWHOOHQ

'H]H RSWLH ZRUGW JHEUXLNW ZDQQHHU HU

HHQ GHFRGHU DDQJHVORWHQ LV YLD $9

=HW RS $DQ 2Q ZDQQHHU HHQ

JHFRGHHUG VLJQDDO GRRU GH GHFRGHU

ZHUZHUNW PRHW ZRUGHQ =HW QD JHEUXLN

ZHHU RS 8LW 2II

$)67(00(18

79$9

,QVWHOOLQJHQ



$IVWHP PHQX

)LMQDIVWHOOLQJ

.OHXU V\VWHHP

9ROXPHFRUUHFWLH

3URJDDQSDVVHQ

$73

+DQG DIVWHP

'HFRGHU $9

79$9



0HW KHW 3URJUDPPDDDQSDVVLQJPHQX NXQW X GH LQVWHOOLQJHQ YDQ GH SURJUDPPDSRVLWLHV ZLM]LJHQ

5RHS KHW LQVWHOPHQX RS

*D PHW GH EDON QDDU KHW

DIVWHPPHQX

5RHS KHW DIVWHPPHQX RS

*D PHW GH EDON QDDU KHW PHQX

SURJUDPPDDDQSDVVLQJ

5RHS KHW PHQX

SURJUDPPDDDQSDVVLQJ RS

%UHQJ GH JHZHQVWH ZLM]LJLQJHQ

DDQ

'UXN RS GH 675WRHWV RP GH

ZLM]LJLQJHQ RS WH VODDQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X

GH 79$9WRHWV LQ RP KHW PHQX

WH YHUODWHQ

+HW ZLVVHQ YDQ HHQ RQJHZHQVWH ]HQGHUSRVLWLH

.LHV GH ]HQGHUSRVLWLH

'UXN GH URGH WRHWV RS GH

DIVWDQGVEHGLHQLQJ LQ

'UXN GH URGH WRHWV QRJPDDOV LQ

RP WH EHYHVWLJHQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X

GH 79$9WRHWV LQ RP KHW PHQX

WH YHUODWHQ

$)67(00(18  352*5$00$$$13$66,1*

79$9

,QVWHOOLQJHQ



$IVWHP PHQX

3URJ .DQ =HQGHU 6ORW 6\V

3URJUDPPD DDQSDVVHQ



(HQ ]HQGHUSRVLWLH WRHYRHJHQ

.LHV GH ]HQGHUSRVLWLH ZDDU GH

QLHXZH ]HQGHU WRHJHYRHJG PRHW

ZRUGHQ

'UXN GH JURHQH WRHWV LQ

'UXN GH JURHQH WRHWV QRJPDDOV LQ

WHU EHYHVWLJLQJ

1XNDQGH]HOHJH]HQGHUSRVLWLH

DIJHVWHPG EHQRHPG JHEORNNHHUG

ZRUGHQ HQ DDQJHSDVW ZRUGHQ DDQ

KHW 79V\VWHHP YDQ XZ NHX]H

'UXN RS GH 675WRHWV RP GH ]HQGHU

RS WH VODDQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X GH

79$9WRHWV LQ RP KHW PHQX WH

YHUODWHQ

(HQ SURJUDPPD QDDU HHQ DQGHUH SRVLWLH

YHUSODDWVHQ

6HOHFWHHU GH ]HQGHUSRVLWLH GLH

YHUSODDWVW PRHW ZRUGHQ

'UXN GH JHOH WRHWV RS GH

DIVWDQGVEHGLHQLQJ LQ

.LHV HHQ QLHXZH SRVLWLH

'UXN GH JHOH WRHWV QRJPDDOV LQ

WHU EHYHVWLJLQJ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X

GH 79$9WRHWV LQ RP KHW PHQX

WH YHUODWHQ

$)67(00(18  352*5$00$$$13$66,1*

79$9

3URJ .DQ =HQGHU 6ORW 6\V

3URJUDPPD DDQSDVVHQ

3URJ .DQ =HQGHU 6ORW 6\V

3URJUDPPD DDQSDVVHQ

3URJ .DQ =HQGHU 6ORW 6\V

3URJUDPPD DDQSDVVHQ

79$9



(HQ ]HQGHUSRVLWLH DIVWHPPHQ

6HOHFWHHU GH ]HQGHUSRVLWLH

*D QDDU GH NRORP kNDQDOHQl

9HUKRRJ RI YHUODDJ KHW

NDQDDOQXPPHU RI JHEUXLN GH

j&WRHWV YRRU 'LUHFWH NDQDDOLQJDYH

]LH SDJLQD 

'UXN RS GH 675WRHWV RP GH ]HQGHU

RS WH VODDQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X GH

79$9WRHWV LQ RP KHW PHQX WH

YHUODWHQ

(HQ ]HQGHUSRVLWLH KHUEHQRHPHQ

6HOHFWHHU GH ]HQGHUSRVLWLH

*D QDDU GH NRORP kQDPHQl

.LHV KHW HHUVWH WHNHQ

*D QDDU GH SRVLWLH YDQ KHW

YROJHQGH WHNHQ

*D QHW ]R ODQJ GRRU WRWGDW GH QDDP

YHUDQGHUG LV

'UXN RS GH 675WRHWV RP GH

ZLM]LJLQJ RS WH VODDQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X GH

79$9WRHWV LQ RP KHW PHQX WH

YHUODWHQ

$)67(00(18  352*5$00$$$13$66,1*

3URJUDPPD DDQSDVVHQ

3URJ .DQ =HQGHU 6ORW 6\V

3URJUDPPD DDQSDVVHQ

3URJ .DQ =HQGHU 6ORW 6\V

79$9



(HQ ]HQGHUSRVLWLH EORNNHUHQ WHJHQ

ZLM]LJLQJHQ

6HOHFWHHU GH ]HQGHUSRVLWLH

*D QDDU GH NRORP kEORNNHULQJl

.LHV WXVVHQ EORNNHULQJ DDQ RI XLW

'UXN RS GH 675WRHWV RP GH ]HQGHU

RS WH VODDQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X GH

79$9WRHWV LQ RP KHW PHQX WH

YHUODWHQ

2SPHUNLQJ

:DQQHHU HHQ ]HQGHUSRVLWLH JHEORNNHHUG LV ]LMQ

'LUHFWH NDQDDOLQJDYH PHW JHEUXLN YDQ GH j& HQ GH

QXPHULHNH WRHWVHQ RS GH DIVWDQGVEHGLHQLQJ QLHW

EHVFKLNEDDU

79V\VWHHP YRRU HHQ ]HQGHUSRVLWLH ZLM]LJHQ

6HOHFWHHU GH ]HQGHUSRVLWLH

*D QDDU GH NRORP k6\Vl

.LHV KHW JHZHQVWH JHOXLGVV\VWHHP

6&  3$/%*+6(&$0%*

6&  3$/ ,

6&  3$/ ' .  6(&$0 ' .

)6(&$0//

'UXN RS GH 675WRHWV RP GH

LQVWHOOLQJ RS WH VODDQ

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X GH

79$9WRHWV LQ RP KHW PHQX WH

YHUODWHQ

=HQGHULQIRUPDWLH NRSLùUHQ QDDU HHQ RS $9

DDQJHVORWHQ FRPSDWLEHOH 9&5

*D QDDU GH NRORP k3URJl

'UXN GH EODXZH WRHWV RS GH

DIVWDQGVEHGLHQLQJ LQ

'H SURJUDPPDJHJHYHQV ZRUGHQ

QX QDDU GH 9&5 JHVWXXUG 'LW NDQ

HQNHOH VHFRQGHQ GXUHQ

DIKDQNHOLMN YDQ KHW DDQWDO

RSJHVODJHQ ]HQGHUV

$OV X NODDU EHQW PHW KHW 0HQX

SURJUDPPDDDQSDVVLQJ GUXNW X

GH 79$9WRHWV LQ RP KHW PHQX WH

YHUODWHQ

$)67(00(18  352*5$00$$$13$66,1*

79$9

3URJUDPPD DDQSDVVHQ

3URJ .DQ =HQGHU 6ORW 6\V

3URJUDPPD DDQSDVVHQ

3URJ .DQ =HQGHU 6ORW 6\V

79!9&5 ,1 :(5.,1*

020(17 *('8/'

3URJUDPPD  

$IVWDQGVEHGLHQLQJ QLHW EHVFKLNEDDU

79$9



0HW KHW $XWRPDWLVFK ,QVWHOPHQX NXQW X DXWRPDWLVFK XZ 79 DIVWHPPHQ RS XZ ORNDOH ]HQGHUV

'LW LV YRRUDO KDQGLJ ZDQQHHU X ELMYRRUEHHOG QDDU HHQ DQGHUH SODDWV YHUKXLVW

5RHS KHW LQVWHOPHQX RS

*D PHW GH EDON QDDU KHW

DIVWHPPHQX

5RHS KHW DIVWHPPHQX RS

*D QDDU KHW DXWRLQVWHOPHQX

5RHS KHW DXWRLQVWHOPHQX RS

,QGUXNNHQ RP GH VWDUW WH

EHYHVWLJHQ

6HOHFWHHU XZ ODQG

,QGUXNNHQ RP $XWRPDWLVFK

LQVWHOOHQ $73 WH VWDUWHQ

'H 79 ]RHNW QX XZ ORNDOH

79VWDWLRQV RS VRUWHHUW ]H HQ

VODDW ]H RS

,QGLHQ HHQ FRPSDWLEHOH 9&5

DDQJHVORWHQ LV RS GH

$9DDQVOXLWLQJ ZRUGHQ GH

SURJUDPPDJHJHYHQV YLD GH

4/LQN QDDU GH 9&5 JHNRSLHHUG

]LH SDJLQD 

1DGDW KHW DXWRPDWLVFK LQVWHOOHQ

YROWRRLG LV JHHIW GH 79

]HQGHUSRVLWLH  ZHHU

$)67(00(18  $8720$7,6&+ ,167(//(1 $73

,QVWHOOLQJHQ



$IVWHP PHQX

:$$56&+8:,1*

&+ ;<=

  

79$9



+DQGPDWLJ DIVWHPPHQ YDQ GH SURJUDPPDSRVLWLHV LV PRJHOLMN YDQDI KHW PHQX RS KHW VFKHUP RI YLD

GH WRHWVHQ RS KHW IURQWSDQHHO

0HQX k+DQGDIVWHPPLQJl

5RHS KHW LQVWHOPHQX RS

*D QDDU KHW DIVWHPPHQX

5RHS KHW DIVWHPPHQX RS

*D QDDU KDQGDIVWHPPLQJ

5RHS KHW KDQGDIVWHPPHQX RS

6HOHFWHHU GH ]HQGHUSRVLWLH GLH

DIJHVWHPG PRHW ZRUGHQ

%HJLQ PHW DIVWHPPHQ

$OV GH JHZHQVWH ]HQGHU

JHYRQGHQ LV GUXNW X RS GH

675WRHWV RP KHP RS WH VODDQ

'UXN GH 79$9WRHWV LQ RP KHW

PHQX WH YHUODWHQ

+DQGDIVWHPPLQJ IURQWSDQHHO

'UXN RS GH )WRHWV IURQWSDQHHO

WRWGDW KHW DIVWHPPHQX EHUHLNW LV

'UXN RS GH  RI GH  WRHWV RP GH

DIVWHPIXQFWLH RS WH URHSHQ

'UXN GH 79$9WRHWV LQ RP WH

ZLVVHOHQ WXVVHQ k=HQGHU

YHUDQGHUHQl k=RHNHQl RI

k79V\VWHHP YHUDQGHUHQl

'UXN RS GH  RI  WRHWV RP GH

]HQGHUSRVLWLH WH YHUDQGHUHQ WH

EHJLQQHQ PHW ]RHNHQ RI KHW

79V\VWHHP WH ZLM]LJHQ

$OV GH JHZHQVWH ]HQGHU JHYRQGHQ

LV GUXNW X RS GH 675WRHWV RP GH

ZLM]LJLQJHQ RS WH VODDQ

+HUKDDO ERYHQVWDDQGH SURFHGXUH

RP PHHU ]HQGHUV RS WH VODDQ RI

GUXN RS ) RP KHW PHQX WH YHUODWHQ

$)67(00(18  +$1'0$7,* ,167(//(1



$IVWHP PHQX



$IVWHP SURFHGXUH





:DQQHHU X GH 79 YRRU GH HHUVWH PDDO LQVWDOOHHUW YHUVFKLMQW KHW EHHOGVFKHUPPHQX LQ GH WDDO YDQ KHW

ODQG GDW X JHVHOHFWHHUG KHHIW ,QGLHQ X HHQ DQGHUH WDDO ZLOW NXQW X GLH VHOHFWHUHQ XLW KHW

26'WDDOPHQX

5RHS KHW LQVWHOPHQX RS

*D PHW GH EDON QDDU KHW

26'WDDOPHQX

5RHS KHW 26'WDDOPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

'UXN GH 79$9WRHWV LQ RP KHW

PHQX WH YHUODWHQ

26'7$$/

,QVWHOOLQJHQ

7DDONHX]H

'HXWVFK (VSDxRO 1HGHUODQGV

(QJOLVK 1RUVN 6XRPL

)UDQoDLV 'DQVN 7UNoH

,WDOLDQR 6YHQVND 3RUWXJXrV

(//+1,.$

79$9



0HW 4/LQN NDQ XZ WHOHYLVLH FRPPXQLFHUHQ PHW XZ 9&5

5RHS KHW ,QVWHOPHQX RS

*D PHW GH EDON QDDU 4/LQN

%HYHVWLJ GDW 4/LQN k$$1l VWDDW

'UXN GH 79$9WRHWV LQ RP WHUXJ

WH NHUHQ

'H 9&5 PRHW YHUERQGHQ ]LMQ GRRU PLGGHO YDQ HHQ YROOHGLJH SLQV 6&$57NDEHO kIXOO IXQFWLRQW\SHl DDQJHVORWHQ WXVVHQ GH

$9FRQQHFWRUHQGH EHWUHIIHQGHFRQQHFWRURSXZ 9&5 5DDGSOHHJXZ 9&5KDQGOHLGLQJYRRUPHHULQIRUPDWLH4/LQN RI

RYHUHHQNRPVWLJH WHFKQRORJLHùQ VWHOOHQ GH WHOHYLVLH LQ VWDDW HHQ FRPSDWLEHOH 9&5 KHW SURJUDPPD RS WH ODWHQ QHPHQ GDW PRPHQWHHO

RS KHW VFKHUP ZRUGW ZHHUJHJHYHQ RQJHDFKW GH RS GH 9&5 LQJHVWHOGH SURJUDPPDSRVLWLH +LHUGRRU ZRUGW KHW RSQHPHQ YDQ

SURJUDPPDV DDQ]LHQOLMN HHQYRXGLJHU

+HW SURJUDPPD RSQHPHQ GDW X PRPHQWHHO DDQ KHW EHNLMNHQ EHQW

'UXN RS GH WRHWV ',5(&7 79 5(& RS GH DIVWDQGVEHGLHQLQJ

,QGLHQ GH 9&5 XLW VWDDW VFKDNHOW KLM DXWRPDWLVFK LQ DOV X GH WRHWV ',5(&7 79 5(& LQGUXNW

(U YHUVFKLMQW HHQ EHULFKW YDQ GH 9&5 RS KHW VFKHUP GDW DDQJHHIW ZDW HU RSJHQRPHQ ZRUGW RI DOV RSQDPH QLHW PRJHOLMN LV

9RRULQJHVWHOGH YLGHR RSQDPH 9&5 RSQDPH YDQ 79 EURQ

*HHQ RSQDPH *((1 7$3(

*HHQ RSQDPH  7$3( ,6 %(9(,/,*''

'H 9&5 QHHPW KHW SURJUDPPDVLJQDDO YLD ]LMQ

HLJHQ WXQHU RS 'HVJHZHQVW NXQW X GH 79

XLWVFKDNHOHQ HQ GH 9&5 RS GH QRUPDOH ZLM]H

ODWHQ RSQHPHQ

'H 9&5 QHHPW KHW SURJUDPPDVLJQDDO YLD GH WHOHYLVLH

RS8GHSURJUDPPDSRVLWLHQLHWZLM]LJHQQRFKGH79

XLWVFKDNHOHQ DOV X GDW WRFK GRHW VWRSW GH 9&5

DXWRPDWLVFK PHW RSQHPHQ HQ ZRUGW KLM XLWJHVFKDNHOG

+HW RSQDPHEORNNHULQJVOLSMH DFKWHU RS GH

FDVVHWWH LV YHUZLMGHUG

*HHQ RSQDPH 9&5 ,1 *(%58,.

*HHQ RSQDPH  9&5 %(=,* 0(7 231$0(

9LGHR RSQDPH HLJHQ WXQHU

*HHQ RSQDPH  7$3( %(6&+$',*'"

9&5RSQDPH YDQ H[WHUQH 9&5

*HHQ RSQDPH  *((1 %521 %(6&+,.%$$5

9RRUEHHOGHQ YDQ DQGHUH PHOGLQJHQ GLH ZHHUJHJHYHQ NXQQHQ ZRUGHQ ]LMQ

*H]DPHQOLMN DIVWHPJHJHYHQV JHEUXLNHQ

2P HU ]HNHU YDQ WH ]LMQ GDW GH MXLVWH RSQDPHV JHPDDNW ZRUGHQ PRHWHQ GH WHOHYLVLH HQ GH 9&5 RYHU GH]HOIGH DIVWHPJHJHYHQV

EHVFKLNNHQ  ]LH SDJLQD 

- 7HONHQV ZDQQHHU GH $XWRPDWLVFKH LQVWHOIXQFWLH $73 JHEUXLNW ZRUGW ZRUGHQ GH DIVWHPJHJHYHQV QDDU GH 9&5 JHVWXXUG

$XWR 3RZHU )XQFWLHV

%LM 3DQDVRQLF 4/LQN9&5V ]LMQ GH YROJHQGH H[WUD IXQFWLHV EHVFKLNEDDU

- :DQQHHU X HHQ WDSH LQ XZ 9&5 VWRSW HQ RS GH 3OD\WRHWV GUXNW VFKDNHOW GH WHOHYLVLH DXWRPDWLVFK LQ HQ ZRUGW GH $9LQJDQJ

JHVHOHFWHHUG ]RGDW X GH WDSH NXQW EHNLMNHQ

- LQGLHQ X GH WHOHYLVLHXLWVFKDNHOWWHUZLMOGH 9&5RS 6WRS )DVW)RUZDUG RI 5HZLQGVWRS YHUVQHOGYRRUXLWDFKWHU VSRHOHQ VWDDW ZRUGW

GH 9&5 DXWRPDWLVFK XLWJHVFKDNHOG

8LWVFKDNHOHQ YDQ GH 4/LQNFRPPXQLFDWLH

$OV X JHHQ JHEUXLN ZLOW PDNHQ YDQ GH 4/LQNIXQFWLH JDDW X QDDU KHW ,QVWHOPHQX HQ ]HW X GH 4/LQNRSWLH RS k8LWl =LH SDJLQD 

%HODQJULMNH RSPHUNLQJ

1LHW DOOH 9&5V RQGHUVWHXQHQ GLW GDWDFRPPXQLFDWLHV\VWHHP 6RPPLJH NXQQHQ EHSDDOGH IXQFWLHV RQGHUVWHXQHQ PDDU DQGHUH QLHW

5DDGSOHHJ XZ 9&5KDQGOHLGLQJ YRRU PHHU LQIRUPDWLH

,QGLHQ 4/LQN QLHW IXQFWLRQHHUW PRHW X HHUVW FRQWUROHUHQ RI X RYHU HHQ kIXOO IXQFWLRQl 6&$57YHUELQGLQJ EHVFKLNW ,QIRUPHHU KLHURYHU ELM

XZ GHDOHU

4/,1.

,QVWHOOLQJHQ

79$9

,QVWHOPHQX

*HOXLGPHQX



0HW KHW $XWRPDWLVFK ,QVWHOPHQX NXQW X EHSDOHQ ZHONH $9EURQ X ZLOW EHNLMNHQ

'UXN GH 79$9WRHWV LQ

'UXN GH EHWUHIIHQGH JHNOHXUGH

WRHWV YDQ GH DIVWDQGVEHGLHQLQJ LQ

GH RSWLHV EOLMYHQ ]LFKWEDDU RS KHW

EHHOGVFKHUP

'H RSWLHV YHUGZLMQHQ

1X NXQW X ZLM]LJLQJHQ DDQEUHQJHQ

LQ KHW LQVWHOPHQX RI KHW

JHOXLGVPHQX

5RHS KHW LQVWHOPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

*D QDDU GH LQVWHOOLQJHQ RI GH RSWLHV

'UXN GH 79$9WRHWV LQ RP WHUXJ WH

NHUHQ

5RHS KHW JHOXLGPHQX RS

9HUSODDWV GH EDON QDDU XZ NHX]H

*D QDDU GH LQVWHOOLQJHQ RI GH RSWLHV

'UXN GH 79$9WRHWV LQ RP WHUXJ WH

NHUHQ

$96(/(&7,( (1 ,167(//,1*

79$9

$9

,QVWHOOLQJHQ

*HOXLG



0HW GH DIVWDQGVEHGLHQLQJ LV KHW PRJHOLMN RP EHSDDOGH IXQFWLHV YDQ EHSDDOGH 3DQDVRQLF 9&5V RI '9' 'LJLWDO 9HUVDWLOH

'LVFDSSDUDWXXU WH EHGLHQHQ 1LHW DOOH 9&5 DQG '9'DSSDUDWXXU EHVFKLNW RYHU GH]HOIGH IXQFWLHV UDDGSOHHJ GDDURP GH

KDQGOHLGLQJ YDQ XZ DSSDUDWXXU RI QHHP FRQWDFW RS PHW XZ GHDOHU YRRU PHHU LQIRUPDWLH

9&5'9'%(',(1,1*

7RHWV LQGUXNNHQ RP GH 9&5'9' RS VWDQGE\ WH

]HWWHQ 7RHWV QRJPDDOV LQGUXNNHQ RP KHP RSQLHXZ LQ

WH VFKDNHOHQ

6WDQGE\

'H]H WRHWV LQGUXNNHQ RP GH YLGHREDQG RI '9' DI WH

VSHOHQ

3OD\ DIVSHOHQ

'H]H WRHWV LQGUXNNHQ RP GH YLGHREDQG RI '9' WH

VWRSSHQ

6WRS

'H]H WRHWV LQGUXNNHQ RP GH YLGHREDQG VQHO YRRUXLW

WH VSRHOHQ

,QGLHQ GH]H WRHWV WLMGHQV GH ZHHUJDYH ZRUGW

LQJHGUXNW ZRUGW KHW EHHOG YHUVQHOG ZHHUJHJHYHQ

'9' (HQPDDO LQGUXNNHQ RP GLUHFW QDDU KHW

YROJHQGH QXPPHU WH JDDQ ,QGLHQ GH]H WRHWV WLMGHQV

GH ZHHUJDYH ZRUGW LQJHGUXNW ZRUGW KHW EHHOG

YHUVQHOG ZHHUJHJHYHQ

6NLS  )DVW )RUZDUG  &XH RYHUVODDQ  YHUVQHOG

YRRUXLW VSRHOHQ  ZHHUJHYHQ

'H]H WRHWV WLMGHQV ZHHUJDYH LQGUXNNHQ RP HHQ

kVWLOVWDDQGl EHHOG WH NULMJHQ 1RJPDDOV LQGUXNNHQ

RS GH QRUPDOH ZHHUJDYH ZHHU WH VWDUWHQ

3DXVH  6WLOO SDX]H  VWLOVWDDQG EHHOG

,QGUXNNHQ RS KHW 9&5SURJUDPPD  SODDWV WH

YHUKRJHQ RI WH YHUODJHQ

3URJUDPPH 8S'RZQ 3URJUDPPDNHX]H 2S1HHU

'H]H WRHWV LQGUXNNHQ RP PHW RSQHPHQ WH

EHJLQQHQ

5HFRUG RSQHPHQ

0HW GH]H WRHWV VHOHFWHHUW X RI X GH '9'DSSDUDWXXU

RI XZ 9&5 ZLOW EHGLHQHQ

9&5  '9'VFKDNHODDU

'H]H WRHWV LQGUXNNHQ RP GH YLGHREDQG VQHO

DFKWHUXLW WH VSRHOHQ :DQQHHU GH]H WRHWV WLMGHQV GH

ZHHUJDYH ZRUGW LQJHGUXNW ZRUGW KHW EHHOG YHUVQHOG

DFKWHUXLW ZHHUJHJHYHQ

'9' (HQPDDO LQGUXNNHQ RP GLUHFW QDDU KHW YRULJH

QXPPHU WH JDDQ ,QGLHQ GH]H WRHWV WLMGHQV GH

ZHHUJDYH ZRUGW LQJHGUXNW ZRUGW KHW EHHOG YHUVQHOG

DFKWHUXLW ZHHUJHJHYHQ

6NLS  5HZLQG  5HYLHZ RYHUVODDQ  YHUVQHOG

DFKWHUXLW VSRHOHQ  ZHHUJHYHQ

 

  

  

& 

79$9



- 'H 7HOHWHNVWIXQFWLHV NXQQHQ YHUVFKLOOHQ SHU 79VWDWLRQ HQ ]LMQ DOOHHQ EHVFKLNEDDU LQGLHQ KHW NDQDDO WHOHWHNVW GRRUJHHIW

- $OV GH %((/'WRHWV ZRUGW LQJHGUXNW WHUZLMO KHW WRHVWHO RS 7HOHWHNVW VWDDW ]DO GH FRQWUDVWIXQFWLH ZRUGHQ ZHHUJHJHYHQ LQ GH YRUP

YDQ HHQ KHOGHUH EODXZH EDON 'UXN RS GH *WRHWV RP GH LQVWHOOLQJ GHVJHZHQVW WH ZLM]LJHQ

$OV GH LQVWHOWRHWV ZRUGW LQJHGUXNW WHUZLMO KHW WRHVWHO RS 7HOHWHNVW VWDDW ZRUGHQ RQGHUDDQ KHW VFKHUP VSHFLDOH IXQFWLHRSWLHV ZHHU

JHJHYHQ

- ,Q 7HOHWHNVW NDQ KHW JHOXLGVYROXPH QRJ VWHHGV ZRUGHQ LQJHVWHOG RS KHW JHZHQVWH OXLVWHUQLYHDX

:DWLV/,67PRGXV"

,Q GH /,67PRGXV YHUVFKLMQHQ YLHU YHUVFKLOOHQG JHNOHXUGH SDJLQDQXPPHUV RQGHULQ KHW VFKHUP (ON YDQ GH]H QXPPHUV NDQ ZRUGHQ

JHZLM]LJG HQ RSJHVODJHQ LQ KHW JHKHXJHQ YDQ GH 79

:DW LV )/2) )$67(;7"

,Q GH )$67(;7PRGXV YHUVFKLMQHQ YLHU YHUVFKLOOHQG JHNOHXUGH RQGHUZHUSHQ RQGHULQ KHW VFKHUP 'UXN YRRU PHHU LQIRUPDWLH RYHU HHQ

YDQ GH]H RQGHUZHUSHQ RS GH EHWUHIIHQGH JHNOHXUGH WRHWV 'H]H IXQFWLH ELHGW VQHOOH WRHJDQJ WRW GH LQIRUPDWLH YDQ GH ZHHUJHJHYHQ

RQGHUZHUSHQ

:DW LV 723 7HOHWHNVW"

723 7HOHWHNVW PDDNW KHW NLH]HQ YDQ GH JHZHQVWH 7HOHWHNVWSDJLQDV VQHOOHU HQ NRUWHU ,Q IHLWH YHUVFKLMQW GH JHZHQVWH SDJLQD SUDNWLVFK

RQPLGGHOOLMN 'UXN RS GH WRHWV HQ GH SDJLQD YHUVFKLMQW

+RH ZHUNW KHW"

723 JHEUXLNW YLHU JHNOHXUGH WRHWVHQ URRG JURHQ JHHO HQ EODXZ RP GH YROJHQGH LQIRUPDWLH WH VHOHFWHUHQ

- 8 JDDW PHW EHKXOS YDQ GH EODXZH WRHWV YDQ KHW HQH QDDU KHW DQGHUH RQGHUZHUS EY 63257 %LQQHQ KHW 63257RQGHUZHUS NXQW X

PHW GH JHOH WRHWV YHUVFKLOOHQGH JURHSHQ VHOHFWHUHQ ]RDOV WHQQLV YRHWEDO KRQNEDO HWF :DQQHHU GH ODDWVWH JURHS YDQ KHW EORN

EHUHLNW LV JDDW X PHW GH JHOH WRHWV QDDU KHW YROJHQGH EORN

- 0HW GH JURHQH WRHWV VHOHFWHHUW X GH YROJHQGH EHVFKLNEDUH SDJLQD RPKRRJ

- 0HW GH URGH WRHWV VHOHFWHHUW X GH YROJHQGH EHVFKLNEDUH SDJLQD RPODDJ

:DW]LMQGHYRRUGHOHQ"

- 3DJLQDV VHOHFWHUHQ PHW HHQ HQNHOH WRHWVLQGUXN

- *HPDNNHOLMNH VWDSYRRUVWDS VHOHFWLH YDQ KHW JHZHQVWH RQGHUZHUS

- 0LQGHU ZDFKWWLMG

- ,QGLHQ HU HHQ QLHW EHVWDDQG SDJLQDQXPPHU LQJHWRHWVW LV YHUVFKLMQW HU HHQ YUDDJWHNHQ RQGHUDDQ KHW VFKHUP

- (U LV HHQ SDJLQDVWDWXVUHJHO RQGHU RS KHW VFKHUP ]RGDW X DOWLMG ZHHW YLD ZHONH WRHWV X GH JHZHQVWH LQIRUPDWLH NXQW RSURHSHQ

'UXN GH 797(;7WRHWV LQ

+HW VFKHUP JHHIW GH 7HOHWHNVWSDJLQD ZHHU

1RJPDDOV LQGUXNNHQ ZDQQHHU X QDDU GH 79PRGXV ZLOW WHUXJNHUHQ

79  7HOHWHNVWPRGXV

3DJLQDV NXQQHQ RS WZHH PDQLHUHQ JHVHOHFWHHUG ZRUGHQ

D 'RRU RS GH 2PKRRJ2PODDJWRHWVHQ WH GUXNNHQ RP KHW SDJLQDQXPPHU PHW

QWH

YHUPHHUGHUHQ RI WH YHUPLQGHUHQ

E 'RRU KHW SDJLQDQXPPHU GLUHFW LQ WH YRHUHQ PHW GH WRHWVHQ    RS GH DIVWDQGVEHGLHQLQJ

3DJLQDVHOHFWLH

'UXN RS GH ,167(/WRHWV RP GH VSHFLDOH IXQFWLHV ZHHU WH JHYHQ HQ YHUYROJHQV RS GH JURHQH

WRHWV

'UXN GH JURHQH WRHWV QRJPDDOV LQ RP GH RQGHUVWH KHOIW %27720 YHUJURRW ZHHU WH JHYHQ

'RRU QRJPDDOV LQ WH GUXNNHQ YHUVFKLMQW GH SDJLQD ZHHU RS QRUPDOH JURRWWH )8//

1RUPDDO  %RYHQ  2QGHU

'UXN RS GH ,167(/WRHWV RP GH VSHFLDOH IXQFWLHV ZHHU WH JHYHQ HQ YHUYROJHQV RS GH URGH

WRHWV RP YHUERUJHQ ZRUGHQ ]RDOV TXL]DQWZRRUGHQ ZHHU WH JHYHQ 1RJPDDOV LQGUXNNHQ RP

GH]H WHNVW ZHHU WH YHUEHUJHQ

9ULMJHYHQ

,Q GH 723 RI )$67(;7PRGXV FRUUHVSRQGHUHQ GH]H WRHWVHQ PHW GH YHUVFKLOOHQG JHNOHXUGH

RQGHUZHUSHQ ,Q GH /,67PRGXV NRPHQ ]H RYHUHHQ PHW GH YHUVFKLOOHQG JHNOHXUGH

SDJLQDQXPPHUV

5RGH*URHQH*HOH%ODXZH WRHWVHQ

,Q GH /O67PRGXV NXQQHQ GH YLHU SDJLQDQXPPHUV DOOHHQ ZRUGHQ JHZLM]LJG YRRU GH

NDQDDOSRVLWLHV    'UXN KLHUWRH HHQ YDQ GH JHNOHXUGH WRHWVHQ LQ HQ YRHU KHW QLHXZH

SURJUDPPDQXPPHU LQ 9RRU KHW ZLM]LJHQ YDQ GH NOHXU YDQ GH SDJLQDQXPPHULQJ GH 675WRHWV

LQGUXNNHQ HQ LQJHGUXNW KRXGHQ

7DEHORSVODJ

7(/(7(.67%(',(1,1*



+HW LV QLHW PRJHOLMN RP HHQ DQGHU SURJUDPPD WH VHOHFWHUHQ WLMGHQV HHQ 1LHXZVIOLWV 1LHXZVZLM]LJLQJ RI 6XE*HFRGHHUGH

3DJLQDWRHJDQJ

0HW GH]H IXQFWLH NXQW X GH GRRU X PHHVW JHEUXLNWH SDJLQD LQ KHW JHKHXJHQ RSVODDQ RP KHP

GLUHFW WH NXQQHQ RSURHSHQ 9RRU KHW RSVODDQ YDQ HHQ GHUJHOLMNH SDJLQD PRHW GH 79 LQ GH

/,67PRGXV VWDDQ HQ PRHW GH 79 RS HHQ SURJUDPPD WXVVHQ  HQ  VWDDQ 'UXN RS GH

%/$8:( WRHWV NLHV KHW QXPPHU YDQ GH JHZHQVWH SDJLQD HQ KRXG GH 675 WRHWV LQJHGUXNW +HW

SDJLQDQXPPHU LV QX LQ KHW JHKHXJHQ RSJHVODJHQ

'UXN RS GH ) 3 WRHWV RP GH]H SDJLQD ZHHU RS WH URHSHQ

9RRUNHXUSDJLQD )3

'UXN RS GH ,167(/WRHWV RP GH VSHFLDOH IXQFWLHV ZHHU WH JHYHQ HQ YHUYROJHQV RS GH JHOH WRHWV

RP 79 WH NLMNHQ WHUZLMO HHQ 7HOHWHNVWSDJLQD ZRUGW RSJH]RFKW

=RGUD GH SDJLQD LV JHYRQGHQ ZRUGW KHW SDJLQDQXPPHU OLQNVERYHQ LQ KHW VFKHUP ZHHUJHYHQ

'UXN GH JHOH WRHWVLQRPGHSDJLQDWHEHNLMNHQ

'H 797(;7 WRHWV LQGUXNNHQ RP QDDU KHW QRUPDOH 79SURJUDPPD WHUXJ WH NHUHQ

1LHXZVIOLWV

:DQQHHU HHQ QLHXZVIOLWVSDJLQD JHVHOHFWHHUG LV GUXNW X RS GH ,167(/WRHWV JHOH WRHWV RP KHW

79EHHOG WH EHNLMNHQ =RGUD GH JHZLM]LJGH LQIRUPDWLH ZRUGW RQWYDQJHQ ]DO GLH RS KHW VFKHUP

ZRUGHQ ZHHUJHJHYHQ

'H JHOH WRHWV LQGUXNNHQ RP GH 1LHXZVIOLWV ZHHU WH JHYHQ

'H 797(;7 WRHWV LQGUXNNHQ RP QDDU KHW QRUPDOH 79SURJUDPPD WHUXJ WH NHUHQ

9HUYHUVHQ

'UXN RS GH ,167(/WRHWV JHOH WRHWVRPGHJHZLM]LJGHLQIRUPDWLHRSEHSDDOGHSDJLQDWH

EHNLMNHQ

=RGUD GH JHZLM]LJGH LQIRUPDWLH ZRUGW KHW SDJLQDQXPPHU OLQNVERYHQ LQ KHW VFKHUP ZHHUJHYHQ

'UXN GH JHOH WRHWVLQRPGHSDJLQDWHEHNLMNHQ

'H 797(;7 WRHWV LQGUXNNHQ RP QDDU KHW QRUPDOH 79SURJUDPPD WHUXJ WH NHUHQ

6FKHUP YHUYHUVHQ

$OV GH 7HOHWHNVWLQIRUPDWLH YRRU Q SDJLQD WH YHHO LV NDQ KHW VRPV HYHQ GXUHQ YRRUGDW

DXWRPDWLVFK GH VXESDJLQD YHUVFKLMQW GLH X ZLOW UDDGSOHJHQ +HW LV PRJHOLMN RP GH JHZHQVWH

VXESDJLQD LQ WH WRHWVHQ HQ WH EOLMYHQ NLMNHQ QDDU KHW QRUPDOH SURJUDPPD WRWGDW GH MXLVWH

VXESDJLQD LV JHYRQGHQ 6HOHFWHHU GH JHZHQVWH SDJLQD PHW EHKXOS YDQ GH WRHWVHQ   

'UXN RS GH ,167(/WRHWV HQ YHUYROJHQV GH EODXZ WRHWV 5HFKWVERYHQ LQ KHW VFKHUP ZRUGW

7 ZHHUJHJHYHQ

7RHWV KHW JHZHQVWH VXESDJLQDQXPPHU LQ YRRUGDW KHW 7 XLW EHHOG YHUGZLMQW

2P SDJLQD  WH NLH]HQ PRHW    HQ  ZRUGHQ LQJHYRHUG

,Q GH /O67SRVLWLH YHUVFKLMQW HHQ j7 LQ KHW KXLGLJH KRNMH RQGHUDDQ KHW VFKHUP

'UXN GH JHOH WRHWV LQ RP HHQ QRUPDDO 79SURJUDPPD WH EHNLMNHQ

'UXN LQ GH /,67PRGXV RS GH ,167(/WRHWV HQ YHUYROJHQV RS GH JHOH WRHWV

$OV GH SDJLQD EHVFKLNEDDU LV GUXNW X GH JHOH WRHWV LQ RP GH SDJLQD WH EHNLMNHQ 9RHU

QYDQ

GH YROJHQGH KDQGHOLQJHQ XLW RP GH SDJLQD WH YHUZLMGHUHQ

- 'UXN RS 6(7 83

- 6HOHFWHHU HHQ QLHXZ SDJLQDQXPPHU

- 'H 797(;7 WRHWV LQGUXNNHQ RP QDDU KHW QRUPDOH 79SURJUDPPD WHUXJ WH NHUHQ

6XE*HFRGHHUGH 3DJLQD7RHJDQJ

'UXN GH ,1'(;WRHWV LQ RP WHUXJ WH NHUHQ QDDU GH KRRIGLQGH[SDJLQD

$IKDQNHOLMN YDQ KRH GH LQIRUPDWLH YHU]RQGHQ ZRUGW PRHW X ZHOOLFKW PHHUGHUH PDOHQ GH]H

WRHWVLQGUXNNHQ RP WHUXJ WH NHUHQ QDDU GH KRRIGLQGH[

,QGH[

,QGUXNNHQ YRRU KHW LQ EHHOG ODWHQ YDQ HHQ WHOHWHNVWSDJLQD WLMGHQV KHW EHNLMNHQ YDQ LQIRUPDWLH

GLH PHHUGHUH SDJLQDV EHVODDW

+2/'WRHWV

7(/(7(.67%(',(1,1*



$FKWHU]LMGH $9$96 SHQV 6&$57 HQ 5&$ $XGLR XLWJDQJHQ

,QJDQJXLWJDQJ YDQ $9

6&$57FRQQHFWRU

,QJDQJXLWJDQJ YDQ $9

6&$57DDQVOXLWLQJ

4/LQN GDWD

8LWJDQJ YDQ /5 $8',2

287FRQQHFWRU

2SPHUNLQJHQ

'H ZHHUJHJHYHQ H[WUD DSSDUDWXXU HQ NDEHOV ZRUGHQ QLHW

PHHJHOHYHUG PHW GLW 79WRHVWHO

&RPSXWHU PHW 77/XLWJDQJ  9 QLHW DDQVOXLWHQ RS GLW WRHVWHO

[5&$

DXGLRNDEHOV

6&$57NDEHO

$9 SHQV 6&$57FRQQHFWRU

$9SHQ  HQ SHQ  ]LMQ DIKDQNHOLMN

YDQ KHW VFKDNHOHQ WXVVHQ $9

69+69LGHR

1 6&$57DDQVOXLWVSHFLILFDWLH

$9 SHQV 6&$57FRQQHFWRU

*HVFKLNWH LQYRHU YRRU $95*%

5RRG*URHQ%ODXZ

$8',29,'(2 $9$$16/8,7,1*(1



6\PSWRPHQ

%HHOG *HOXLG

6QHHXZEHHOG

9HUYRUPG JHOXLG

5LFKWLQJ SODDWV HQRI DDQVOXLWLQJHQ YDQ DQWHQQH

QLHW JRHG

'XEEHO EHHOG

1RUPDDO JHOXLG

5LFKWLQJ SODDWV HQRI DDQVOXLWLQJHQ YDQ DQWHQQH

QLHW JRHG

,QWHUIHUHQWLH

9HUYRUPG JHOXLG

(OHNWULVFKH DSSDUDWXXU

$XWRVPRWRUILHWVHQ

)OXRULVFHQWLHYHUOLFKWLQJ

2YHUVFKDNHOHQ RS 315 LQ %HHOGPHQX RP

EHHOGUXLV WH YHUPLQGHUHQ

1RUPDDO EHHOG

*HHQ JHOXLG

9ROXPHQLYHDX

*HOXLG RQGHUGUXNW

*HHQ EHHOG

*HHQ JHOXLG

79 LQJHVWHOG RS $9PRGXV

1HWVWHNNHU QLHW LQ KHW VWRSFRQWDFW

1LHW LQJHVFKDNHOG

%HHOG HQ JHOXLGLQVWHOOLQJHQ VWDDQ RS PLQLPDDO

QLYHDX

&RQWUROHHU RI GH 79 RS VWDQGE\ VWDDW

*HHQ NOHXU

1RUPDDO JHOXLG

.OHXULQVWHOOLQJHQ VWDDQ RS PLQLPDDO QLYHDX

DIJHVWHOG

6OHFKW RI YHUYRUPG EHHOG

=ZDN RI JHHQ JHOXLG

6WHO NDQDDO NDQDOHQ RSQLHXZ DI

.OHXUYOHNNHQ

1RUPDDO JHOXLG

0DJQHWLVFKH LQWHUIHUHQWLH YDQ QLHW DIJHVFKHUPGH

DSSDUDWXXU

79 YHUSODDWVW WHUZLMO KLM $$1 VWRQG VFKDNHO GH 79

JHGXUHQGH  PLQXWHQ XLW

1RUPDDO EHHOG

=ZDN RI JHHQ JHOXLG

*HOXLGRQWYDQJVW NDQ YHUVOHFKWHUG ]LMQ

=HW GH 03;LQVWHOOLQJ *HOXLGPHQX RS 0RQR

WRWGDW GH RQWYDQJVW YHUEHWHUW

6725,1*67$%(/



1 6HUYLFH

5DDGSOHHJ HHUVW GH VWRULQJVWDEHO RS GH YRRUJDDQGH SDJLQDV

RP YDVW WH VWHOOHQ ZDW GH V\PSWRPHQ YDQ HYHQWXHOH SUREOHPHQ

]LMQ DOYRUHQV DVVLVWHQWLH LQ WH URHSHQ 9RRU DVVLVWHQWLH NXQW X

FRQWDFW RSQHPHQ PHW XZ 3DQVRQLFOHYHUDQFLHU ZDDUELM X KHW

PRGHOQXPPHU HQ KHW VHULHQXPPHU GLHQW RS WH JHYHQ VWDDQ

EHLGH DFKWHU RS XZ 79WRHVWHO YHUPHOG

1 796SHOHQ+XLVFRPSXWHUV

/DQJGXULJ JHEUXLN YDQ 79VSHOHQKXLVFRPSXWHUV NDQ ELM LHGHU

79WRHVWHO HHQ SHUPDQHQWH kVFKDGXZl RS KHW EHHOGVFKHUP WRW

JHYROJ KHEEHQ 'LW VRRUW RQKHUVWHOEDUH

EHHOGEXLVEHVFKDGLJLQJ NDQ WRW HHQ PLQLPXP ZRUGHQ EHSHUNW

DOV GH YROJHQGH SXQWHQ LQ DFKW ZRUGHQ JHQRPHQ

- +HW KHOGHUKHLG HQ FRQWUDVWQLYHDX ]R ODDJ PRJHOLMN

DIVWHOOHQ

- /DDW GH 79 WLMGHQV KHW JHEUXLN LQ FRPELQDWLH PHW

79VSHOHQ RI KXLVFRPSXWHUV QLHW RQEHSHUNW DDQVWDDQ

- %RYHQJHQRHPGH EHHOGEXLVEHVFKDGLJLQJHQ ZRUGHQ

QLHW DOV HHQ QRUPDDO RQWVWDDQ GHIHFW EHVFKRXZG HQ

ZRUGHQ DOV ]RGDQLJ QLHW ELQQHQ GH 3DQDVRQLF JDUDQWLH

YRRUZDDUGHQ JHGHNW

1 *HKHXJHQ ODDWVWH SRVLWLH

%HSDDOGH IXQFWLHV KHEEHQ HHQ JHKHXJHQ YRRU GH ODDWVW

LQJHVWHOGH SRVLWLH 'H DDQZH]LJH LQVWHOOLQJHQ ELM KHW XLW]HWWHQ

YDQ KHW WRHVWHO ]LMQ RRN GH LQVWHOOLQJHQ ELM KHW ZHHU LQVFKDNHOHQ

YDQ GH 79

3URJUDPPD .OHXUVFKDNHULQJ $OOHHQ 0176&  176& 

26'7DDO 'HFRGHU $9

$9SRVLWLH &RQWUDVW

9ROXPH 6FKHUSWH

03; $VSHFW

/DJH WRQHQ 6WDQGE\

+RJH WRQHQ $, NXQVWPDWLJH LQWHOOLJHQWLH %HHOG  JHOXLG

%DODQV .OHXU

.OHXUEDODQV +HOGHUKHLG

6WDWXV $PELHQFH

315 7HOHWHNVWPRGXV

0RGXV 4/LQN

1 ,QVODDSIXQFWLH

,QGLHQ KHW WRHVWHO QLHW XLWJH]HW LV ZDQQHHU HHQ 79VWDWLRQ VWRSW

PHW XLW]HQGHQ JDDW KHW QD  PLQXWHQ DXWRPDWLVFK RYHU LQ GH

VWDQGE\PRGXV 'H]H IXQFWLH ZHUNW QLHW ZDQQHHU KHW WRHVWHO LQ

GH $9PRGXV VWDDW

7;6/)= 7;6/)=

1HWYRHGLQJ   9 +] $&

6WURRPYHUEUXLN : :

6WURRPYHUEUXLN LQ VWDQGE\

:

%HHOGEXLV

=LFKWEDUH GLDJRQDDO

 FP  FP

$XGLRXLWJDQJVYHUPRJHQ

0X]LHNYHUPRJHQ

 [ : : LPSHGDQWLH

$IPHWLQJHQ

 PP

 PP

 PP

 PP

 PP

 PP

*HZLFKW NJ  

2QWYDQ

VWV

VWHPHQ

3$/%*+,6(&$0%*6(&$0//

9+) (  ( 9+) +  + ,7$/<

9+) $  + ,7$/< 8+) (  (

&$79 6  6 &$79 6  6 0  0

&$79 6  6 8  8 &$79 6  6 +\SHUEDQG

(



%DQGQDDP



(



9+)55 9+)55

9+)55 8+)((

3$/  :HHUJDYH YDQ 176&WDSH YDQ EHSDDOGH 3$/ YLGHRUHFRUGHUV 9&5

0176& $IVSHOHQ YDQ 176&  0+] 9LGHRUHFRUGHUV 9&5

176& 8LWVOXLWHQG $9LQJDQJ $IVSHOHQ YDQ 176& 9LGHRUHFRUGHUV 9&5

$QWHQQH  DFKWHU 8+)  9+)

$9  DFKWHU

$9  SHQV DDQVOXLWLQJ  $XGLR9LGHR LQXLW 5*% LQ

$9  SHQV DDQVOXLWLQJ  $XGLR9LGHR LQXLW 69LGHR LQ 4/LQN

 [ 5&$ $XGLR 0RQLWRU XLW

'H VSHFLILFDWLHV NXQQHQ ]RQGHU QDGHUH DDQNRQGLJLQJ ZRUGHQ JHZLM]LJG 'H YHUPHOGH JHZLFKWHQ HQ DIPHWLQJHQ ]LMQ ELM EHQDGHULQJ

RSJHJHYHQ

7(5 ,1)250$7,(

63(&,),&$7,(6



&KHU FOLHQW 3DQDVRQLF

%LHQYHQXH GDQV OD IDPLOOH GHV XWLOLVDWHXUV GH SURGXLWV 3DQDVRQLF 1RXV HVS

URQV TXH FH W O YLVHXU FRXOHXU

YRXV SURFXUHUD GHV DQQ

HV GH MRLH &HW DSSDUHLO WDQW H[WUûPHPHQW VRSKLVWLTX  QRXV YRXV UHFRPPDQGRQV

GHYRXVUHSRUWHUWRXWGDERUGDXJXLGHGHPLVHHQURXWHUDSLGHDYDQWGHSUHQGUHFRQQDLVVDQFHGXPRGH

GHPSORL FRPSOHW TXH YRXV GHYUH] FRQVHUYHU VRLJQHXVHPHQW

GHV ILQV GH U I UHQFH XOW ULHXUH

$YHUWLVVHPHQWV HW SU FDXWLRQV 

*XLGH GH PLVH HQ URXWH UDSLGH 

&RPPDQGHV SULQFLSDOHV 

8WLOLVHU OHV PHQXV VXU

FUDQ 

0HQX ,PDJH 

0HQX 6RQ 

0HQX &RQILJXUDWLRQ 

0HQX 5

JODJH 

0HQX 5 JODJH  (GLWLRQ GHV SURJUDPPHV 

0HQX 5

JODJH  &RQILJXUDWLRQ DXWRPDWLTXH 

0HQX 5 JODJH  5 JODJH PDQXHO 

/DQJXH 26' 

/LDLVRQ 4/LQN 

OHFWLRQ HW FRQILJXUDWLRQ $9 

)RQFWLRQ 0DJQ

WRVFRSH/HFWHXU GH

YLG

RGLVTXH '9' 

)RQFWLRQ 7

O WH[WH 

&RQQH[LRQV DXGLRYLG

R$9 

9LD OHV SULVHV DUULýUH 3(5,7(/  EURFKHV

$9$9HWODSULVHGHVRUWLHDXGLR5&$ 

%URFKDJH GHV SULVHV 3(5,7(/ HW 69LG

R

'LDJQRVWLF GHV SDQQHV 

,QIRUPDWLRQV J

Q UDOHV 

&DUDFW

ULVWLTXHV 

- &H W O YLVHXU HVW FRQX SRXU IRQFWLRQQHU VXU XQ U VHDX GH

 9  +] &$

- 1H[SRVH] MDPDLV OH W O YLVHXU OD SOXLH RX XQH VRXUFH

GKXPLGLW

H[FHVVLYH GHV FKRFV OHFWULTXHV RX PûPH XQ

ULVTXH GLQFHQGLH SRXUUDLW HQ U

VXOWHU HW HQGRPPDJHU

ODSSDUHLO

- $77(17,21  +$87( 7(16,21 

1H UHWLUH] MDPDLV OH FRXYHUFOH DUULýUH SRXU QH SDV ODLVVHU

VDQV SURWHFWLRQ OHV SLýFHV VRXV WHQVLRQ /H W

O YLVHXU QH

FRQWLHQW DXFXQH SLýFH LQWHUQH U

SDUDEOH SDU OXWLOLVDWHXU

- (YLWH] GH[SRVHU OH W

O YLVHXU GLUHFWHPHQW DX[ UD\RQV GX

VROHLO RX

WRXWH DXWUH VRXUFH GH FKDOHXU

- /LQWHUUXSWHXU PDUFKHDUUûW GH FH PRGýOH QH G

FRQQHFWH

SDV WRWDOHPHQW OH W

O YLVHXU GH ODOLPHQWDWLRQ VHFWHXU

EUDQFKH] OD ILFKH GH OD SULVH PXUDOH VL OH W O YLVHXU QH GRLW

SDV ûWUH XWLOLV

SHQGDQW XQH S ULRGH GH WHPSV SURORQJ H

- (175(7,(1 '( /þ%þ1,67(5,( (7 '8 78%(

&$7+2',48(

EUDQFKH] OD ILFKH GH OD SULVH PXUDOH 1HWWR\H]

O

E QLVWHULH HW OH WXEH FDWKRGLTXH ODLGH GXQ FKLIIRQ GRX[

JýUHPHQW KXPLGH HW GXQ G WHUJHQW QRQ DEUDVLI 1XWLOLVH]

SDV GH SURGXLWV GH QHWWR\DJH

EDVH GH EHQ]RO RX GH

WUROH 0DQLSXOH] O FUDQ GX W O YLVHXU DYHF VRLQ FDU

FHOXLFL SHXW SURGXLUH GH O

OHFWULFLW VWDWLTXH

- 8QH YHQWLODWLRQ VXIILVDQWH GRLW ûWUH SU

YXH DILQ G YLWHU XQH

YHQWXHOOH G W ULRUDWLRQ GHV FRPSRVDQWV OHFWURQLTXHV ,O

IDXW SU

YRLU DX PRLQV XQ HVSDFH GH  FP WRXW DXWRXU GX

O YLVHXU PûPH VL FHOXLFL HVW SODF GDQV XQ PHXEOH RX

HQWUH GHV

WDJýUHV

%,(19(18(

7$%/( '(6 0$7,(5(6

$9(57,66(0(176 (7 35þ&$87,216



3LOHV SRXU W O FRPPDQGH

 [ 5 80

O FRPPDQGH

(85

9 ULILH] TXH YRXV GLVSRVH] ELHQ GHV DFFHVVRLUHV VXLYDQWV

0RGH GHPSORL

74%(%'

*DUDQWLH FRXYUDQW OH

O YLVHXU

- $VVXUH]YRXV TXH OHV SLOHV VRQW

FRUUHFWHPHQW LQVWDOO

HV

- 1H P

ODQJH] SDV SLOHV QHXYHV HW

SLOHV XV

HV 5HWLUH] LPP GLDWHPHQW

OHV SLOHV XV

HV

- 1XWLOLVH] SDV GH SLOHV GH W\SHV

GLII

UHQWV F G GHV SLOHV DOFDOLQHV

HW DX PDQJDQýVH RX GHV SLOHV

UHFKDUJHDEOHV 1L&DG

%UDQFKH] ODQWHQQH HW UDFFRUGH] O

TXLSHPHQW DX[LOLDLUH

&RPPHQFH]SDUYRXVDVVXUHUTXHOH PDJQ

WRVFRSH HVW

HQ PRGH 9HLOOH SXLV EUDQFKH] HW DOOXPH] OH W

O YLVHXU

OHFWLRQQH] YRWUH

SD\V

*8,'('(0,6((15287(5$3,'(

3LOHV SRXU W

O FRPPDQGH

5 JODJH

GXYROXPH

&KDQJHPHQW GH FKDñQH

6L YRXV LQVWDOOH] XQ PDJQ WRVFRSH FRPSDWLEOH OD QRXYHOOH OLDLVRQ

4/LQN YRXV SRXYH] PDLQWHQDQW ODOOXPHU /HV SDUDPýWUHVGH U JODJH

O FKDUJ V FRUUHVSRQGURQW FHX[ GX W O YLVHXU 6L YRXV LQVWDOOH] XQ

PDJQ WRVFRSH FRPSDWLEOH OD OLDLVRQ YRXVGHYUH]

FRPPDQGHU PDQXHOOHPHQW OH W O FKDUJHPHQW &RQVXOWH] OH PRGH

GHPSORL GX PDJQ

WRVFRSH SRXU OHV G WDLOV

- 6L OH PDJQ

WRVFRSH QD SDV DFFHSW OHV GRQQ HV W O FKDUJ HV GX W O YLVHXU YRXV GHYUH] SHXWûWUH V OHFWLRQQHU ORSWLRQ

7 O FKDUJHPHQWGXPHQXGXPDJQ WRVFRSH

- 6L OD OLDLVRQ 4/LQN QH IRQFWLRQQH SDV FRUUHFWHPHQW Y

ULILH] TXHOOH HVW FRQQHFW H OD SULVH $9 GX W O YLVHXU TXH OH F EOH

3þ5,7(/ HVW ELHQ GX W\SH k)XOO )XQFWLRQl HW TXH OH PDJQ WRVFRSH HVW ELHQ FRPSDWLEOH DX[ WHFKQRORJLHV 4/LQN

RX VLPLODLUH $GUHVVH]YRXV YRWUH UHYHQGHXU SRXU HQ VDYRLU SOXV

- 3RXU SOXV GH UHQVHLJQHPHQWV VXU OD OLDLVRQ 4/LQN HW O

TXLSHPHQW GH FRQQH[LRQ YRLU OHV SDJHV  HW 









/D FRQILJXUDWLRQ VH IDLW

DXWRPDWLTXHPHQW OHV FKDñQHV

VRQW LGHQWLIL

HV HW P PRULV HV

6L XQ PDJQ

WRVFRSH

FRPSDWLEOH HVW FRQQHFW

SULVH $9 OHV SDUDPýWUHV GH

SURJUDPPH VHURQW W

O FKDUJ V

GDQV OH PDJQ WRVFRSH SDU

OLQWHUP

GLDLUH GH OD OLDLVRQ

4/LQN SDJH 

3RXU OD 6XLVVH HW OD %HOJLTXH

OHFWLRQQH] OD ODQJXH YRXOXH

$SSX\H] VXU OH ERXWRQ URXJH

*8,'('(0,6((15287(5$3,'(



6 OHFWLRQ HQWUH PRGHV W O YLVHXU HW

HQWU

H $XGLR9LG R SDJH 

7RXFKH 0$5&+($55ú7 G

WDW GH

YHLOOH

0LVH

O WDW GH YHLOOH GX

O YLVHXU

OHFWLRQ GHV FKDñQHV GHX[ FKLIIUHV

  

ODLGH GHV WRXFKHV

QXP

ULTXHV

7RXFKHV GH FKDQJHPHQW GH

SURJUDPPHFKDñQH  HW WRXFKH

O WH[WH SDJH 

7RXFKHV GH PHQX

3RXU DFF

GHU DX[ PHQXV ,PDJH 6RQ

HW &RQILJXUDWLRQ SDJH 

&RXSXUH GX VRQ

$FFýV GLUHFW DX[ FDQDX[ SHQGDQW

OXWLOLVDWLRQ QRUPDOH GX W

O YLVHXU

SDUWLU GHV PHQXV 5 JODJH

(GLWLRQ GH SURJUDPPH RX

&RQILJXUDWLRQ PDQXHOOH DSSX\H]

HW HQWUH] OH FDQDO YRXOX

ODLGH

GHV WRXFKHV QXP

ULTXHV

7RXFKHV 7

O WH[WH SDJH 

7RXFKHV GH FRXOHXU SRXU IRQFWLRQV

þGLWLRQ GHV SURJUDPPHV SDJH 

)RQFWLRQV 7

O WH[WH SDJH 

6 OHFWLRQ $9 SDJH 

$OLPHQWDWLRQ 6(&7(85 

ERXWRQ 0DUFKH$UUûW

675 P

PRULVDWLRQ

QRUPDOLV

H

3HUPHW GH P

PRULVHU OHV

SDUDPýWUHV GH U JODJH GHV

IRQFWLRQV

)V OHFWLRQ GHV IRQFWLRQV

$IILFKDJH GHV IRQFWLRQV VXU O

FUDQ

XWLOLVHU GH IDRQ U

S W H SRXU

OHFWLRQQHU OHV IRQFWLRQV 

9ROXPH &RQWUDVWH /XPLQRVLW

 &RXOHXU

1HWWHW

 7HLQWH HQ PRGH 176& *UDYHV

$LJXùV %DODQFH HW PRGH &RQILJXUDWLRQ

$XJPHQWH RX GLPLQXH OD SRVLWLRQ

GH SURJUDPPH GXQH XQLW



/RUVTXXQH IRQFWLRQ HVW G

DIILFK H DSSX\H] SRXU

DXJPHQWHU RX GLPLQXHU GXQH

XQLW

OD IRQFWLRQ V OHFWLRQQ H

&RPPXWDWHXU 79$9 SDJH 

7 PRLQ URXJH G WDW GH YHLOOH

8WLOLVH] OH ERXWRQ 9HLOOH   RX OHV

WRXFKHV    SRXU DOOXPHU OH

O YLVHXU

/D WRXFKH 1 UDSSHOOH OHV U

JODJHV

PRULV V DYHF OD WRXFKH GH

PRULVDWLRQ 675 P PRULVDWLRQ

QRUPDOLV H

&XUVHXUV SHUPHWWDQW OHV V OHFWLRQV HW

JODJHV

7RXFKH +HOS $LGH ' PRQVWUDWLRQ

GX IRQFWLRQQHPHQW GHV PHQXV VXU

FUDQ

7RXFKH 0DUFKH$UUûW GHIIHW

$PELDQFH

7RXFKH (QUHJLVWUHPHQW 79 GLUHFW

SDJH 

7RXFKH (WDW

$SSX\H] SRXU REWHQLU ODIILFKDJH GH OD

SRVLWLRQ GX SURJUDPPH GX QRP GX

SURJUDPPH GX QXP

UR GH FDQDO GX

V\VWýPH 79 GH OKHXUH GX PRGH

U R HW GX WDEOHDX GH SURJUDPPHV

7RXFKHV PDJQ

WRVFRSH 

/HFWHXU GH GLVTXHV '9' SDJH 

&200$1'(6 35,1&,3$/(6 

)$$'( (7 7þ/þ&200$1'(



&H W O YLVHXU HVW TXLS GXQ V\VWýPH YROX GH PHQXV DIILFKDJH VXU FUDQ TXL YRXV SHUPHWWHQW

GDFF

GHU DX[ U JODJHV HW DX[ RSWLRQV

,PDJH

&HUWDLQHV RSWLRQV FRPPH &RQWUDVWH /XPLQRVLW  &RXOHXU HW 1HWWHW

SHUPHWWHQW GDXJPHQWHU RX GH U GXLUH OH QLYHDX

&HUWDLQV RSWLRQV FRPPH ORSWLRQ 0LQXWHULH YHLOOH YRXV GHPDQGHQW GH IDLUH XQ

FKRL[

&HUWDLQHV RSWLRQV FRPPH OH PHQX &RQILJXUDWLRQ FRQGXLVHQW

XQ DXWUH

PHQX

/HV WRXFKHV ,0$*( 621 HW &21),*85$7,21

VRQW XWLOLV

HV SRXU RXYULU OHV PHQXV SULQFLSDX[ HW

SRXU UHYHQLU DX PHQX SU

F GHQW

/HV WRXFKHV GH FXUVHXU KDXW HW EDV SHUPHWWHQW GH

G SODFHU OH FXUVHXU YHUWLFDOHPHQW VXU OHV PHQXV

/HVFXUVHXUVJDXFKH HW GURLW SHUPHWWHQW GDFF

GHU

DX[ PHQXV GDMXVWHU OHV QLYHDX[ RX GH

OHFWLRQQHU OHV GLII UHQWHV RSWLRQV

/D WRXFKH 675 SHUPHW GH P

PRULVHU OHV

SDUDPýWUHV DSUýV DYRLU HIIHFWX

XQ U JODJH RX

JO O WDW GXQH RSWLRQ

/D WRXFKH 79$9 SHUPHW GH VRUWLU GX V\VWýPH GH

PHQX HW GH UHYHQLU

O FUDQ 79 QRUPDO

/D WRXFKH +(/3 G

PRQWUH OH IRQFWLRQQHPHQW

GHV PHQXV GLVSRQLEOHV $SSX\H] VXU OD WRXFKH

+(/3 HW V

OHFWLRQQH] OXQH GHV RSWLRQV

7LWUH GX PHQX

%DUUH GH V

OHFWLRQ

6RXVPHQXV

,QGLFDWHXU GRSWLRQ

,QVWUXFWLRQV

79$9

87,/,6(5 /(6 0(186 685 (&5$1



&H PHQX YRXV SHUPHW GHIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH OLPDJH

2XYUH] OH PHQX ,PDJH

OHFWLRQQH] ORSWLRQ GH YRWUH

FKRL[

$XJPHQWH] RX U

GXLVH] OHV

QLYHDX[ RX U

JOH] O WDW GHV

RSWLRQV

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX ,PDJH

/HV QLYHDX[ GH FRQWUDVWH OXPLQRVLW 

FRXOHXU HW QHWWHW

SHXYHQW ûWUH U JO V

VHORQ YRV SU

I UHQFHV

/H U

JODJH GH OD WHLQWH QDSSDUDñWUD HQ

WDQW TXRSWLRQ GH PHQX TXH VL XQH

VRXUFH GH VLJQDO 176& HVW FRQQHFW

DX W

O YLVHXU SRXU YRXV SHUPHWWUH GH

JOHU OD WHLQWH

/H U

JODJH G TXLOLEUDJH GHV FRXOHXUV

YRXV SHUPHW GH U

JOHU OD FRXOHXU

GRPLQDQWH GH OLPDJH

315UGXLW DXWRPDWLTXHPHQW OHV

SDUDVLWHV LQG

VLUDEOHV

/H U JODJH $, DQDO\VH

DXWRPDWLTXHPHQW OLPDJH UHXH HW OXL

DSSOLTXH XQ WUDLWHPHQW SRXU DP

OLRUHU

OH FRQWUDVWH OD SURIRQGHXU GH FKDPS HW

OD YLYDFLW GHV FRXOHXUV

0(18 ,0$*(

79$9

,PDJH

&RQWUDVWH

7HLQWH

&RXOHXU

/XPLQRVLW

1HWWHW

%DODQFH FRXOHXU

315



/H PHQX 6RQ YRXV SHUPHW GH U JOHU WRXV OHV DVSHFWV GX VRQ VHORQ YRV SU I UHQFHV

2XYUH] OH PHQX 6RQ

OHFWLRQQH] ORSWLRQ GH YRWUH

FKRL[

$XJPHQWH] RX GLPLQXH] OHV

QLYHDX[ RX U

JOH] O WDW GHV

RSWLRQV

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX 6RQ

/H U

JODJH 9ROXPH YRXV SHUPHW GH

JOHU OH QLYHDX GH YROXPH J Q UDO

/H U

JODJH *UDYHV YRXV SHUPHW

GDFFHQWXHU OHV IU

TXHQFHV OHV SOXV

EDVVHVHWSHXWûWUHDXJPHQW

GLPLQX



/H U

JODJH $LJXùV YRXV SHUPHW

GDFFHQWXHU OHV IU

TXHQFHV OHV SOXV

KDXWHV HW SHXW ûWUH DXJPHQW

GLPLQX



/D EDODQFH DJLW VXU OHV QLYHDX[ VRQRUHV

HQWUH OHV KDXWSDUOHXUV GURLW HW JDXFKH

&HOD SHUPHW GH U

JOHU OHV QLYHDX[

VRQRUHV HQWUH OHV KDXWSDUOHXUV HQ

IRQFWLRQ GH OD SRVLWLRQ G

FRXWH

/H U

JODJH $, DQDO\VH

DXWRPDWLTXHPHQW OH VLJQDO GH VRQ UHX

HW OXL DSSOLTXH XQ WUDLWHPHQW SRXU

GXLUH OH QLYHDX GH EUXLWV SDUDVLWHV HW

REWHQLU OD WRQDOLW

RSWLPDOH SRXU OH

SURJUDPPH YLVLRQQ



03; HVW KDELWXHOOHPHQW U

JO HQ PRGH

U R SRXU RIIULU OD PHLOOHXUH

UHSURGXFWLRQ VRQRUH (Q FDV GH

G JUDGDWLRQ GH OD U FHSWLRQ RX

GLQGLVSRQLELOLW

GX VHUYLFH QRXV YRXV

UHFRPPDQGRQV GH SDVVHU HQ PRGH

0RQR /HV PRGHV 0RQR 0 HW 0

SHXYHQW ûWUH V

OHFWLRQQ VVLGHV

VLJQDX[FRUUHVSRQGDQWVVRQWWUDQVPLV

/H VRQ SHXW ûWUH DP

OLRU GXUDQW OHV

PRGHV 0XVLTXH RX 3DUROH HQ

OHFWLRQQDQW OD IRQFWLRQ DSSURSUL H

/RSWLRQ $PELDQFH IRXUQLW XQH

VWLPXODWLRQ G\QDPLTXH TXL VLPXOH

OHIIHW GH VRQ VSDWLDO DP

OLRU 

0(18 621

79$9

6RQ

*UDYHV

$LJXùV

03;

$PELDQFH

%DODQFH

0RGH

9ROXPH



/H PHQX &RQILJXUDWLRQ YRXV SHUPHW GDFF GHU GLYHUVHV IRQFWLRQV YROX HV DLQVL TXDX PHQX

JODJH

2XYUH] OH PHQX &RQILJXUDWLRQ

OHFWLRQQH] ORSWLRQ GH YRWUH

FKRL[

$XJPHQWH] RX GLPLQXH] OHV

QLYHDX[ RX U

JOH] O WDW GHV

RSWLRQV

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX

&RQILJXUDWLRQ

/RSWLRQ 7

O WH[WH YRXV SHUPHW GH

FKRLVLU HQWUH OHV PRGHV 723)/2) RX

/,67 SDJH 

$VSHFW YRXV SHUPHW GH YRLU GHV

SURJUDPPHV HQ IRUPDW JUDQG

FUDQ

DYHF OH UDWLR GDVSHFW FRUUHFW   

/D PLQXWHULH GH YHLOOH SHUPHW GH

OHFWLRQQHU OKHXUH GH FRXSXUH GX

O YLVHXU VXU XQH SODJH GH  

PLQXWHV

LQWHUYDOOHV GH  PLQXWHV

/D OLDLVRQ 4/LQN YRXV SHUPHW GDFWLYHU

RX GH G

VDFWLYHU OD FRPPXQLFDWLRQ GH

GRQQQ

HV DYHF XQ PDJQ WRVFRSH

FRPSDWLEOH SDJH 

/H PHQX 5 JODJH YRXV GRQQH DFFýV

GH QRPEUHXVHV DXWUHV IRQFWLRQV GRQW 

(GLWLRQ GHV SURJUDPPHV )RQFWLRQ

$73 5

JODJH ILQ 6\VWýPH GH FRXOHXU

HW 9ROXPH SDJH 

/H PHQX /DQJXH 26' YRXV SHUPHW GH

FKDQJHU OD ODQJXH XWLOLV

H VXU WRXV OHV

PHQXV G

FUDQ SDJH 

0(18 &21),*85$7,21

79$9

&RQILJXUDWLRQ

$VSHFW

0LQXWHULH GH YHLOOH

O WH[WH

/LDLVRQ 4/LQN

0HQX 5pJODJH

/DQJXH 26'



/H PHQX 5 JODJH YRXV SHUPHW GDFF GHU DX[ PHQXV 5 JODJH PDQXHO 5 JODJH DXWRPDWLTXH HW

JODJH ILQ

2XYUH] OH PHQX &RQILJXUDWLRQ

$OOH] DX PHQX 5 JODJH

(QWUH] GDQV OH PHQX 5 JODJH

OHFWLRQQH] ORSWLRQ GH YRWUH

FKRL[

$XJPHQWH] RX GLPLQXH] OHV

JODJHV U JOH] O WDW GHV

RSWLRQV RX DFF

GH] XQ DXWUH

PHQX

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU

/DFFýV DX PHQX (GLWLRQ GHV

SURJUDPPHV YRXV SHUPHW GH G

SODFHU

GLQV

UHU GHIIDFHU GH QRPPHU HW GH

EORTXHU OHV FKDñQHV HW GDFF

GHU DX

V\VWýPH 79 SDJH 

/H PHQX &RQILJXUDWLRQ DXWRPDWLTXH

YRXV SHUPHW GH UHFRQILJXUHU

DXWRPDWLTXHPHQW YRWUH W O YLVHXU

SDJH 

/H PHQX 5

JODJH PDQXHO YRXV SHUPHW

GHU

JOHU PDQXHOOHPHQW OHV SRVLWLRQV

GH SURJUDPPHV LQGLYLGXHOV SDJH 

&HWWH RSWLRQ YRXV SHUPHW GHIIHFWXHU OH

JODJH GDFFRUG ILQ GHV FKDñQHV

/H PHQX 6\VWýPH FRXOHXU YRXV SHUPHW

GH FKRLVLU OH VWDQGDUG GH WUDQVPLVVLRQ

FRUUHFW

9RXV SHUPHW GH U JOHU OH QLYHDX GH

YROXPHGHFKDTXHFKDñQHLQGLYLGXHOOH

&HWWH RSWLRQ HVW XWLOLV H TXDQG XQ

FRGHXU HVW FRQQHFW YLD $9 /D

PHWWUH

O WDW $&7,9þ VL XQ VLJQDO

FRG

GRLW ûWUH G FRG SDU OH

FRGHXU /D PHWWUH O WDW G VDFWLY

DSUýV OXWLOLVDWLRQ

0(18 5þ*/$*(

79$9

&RQILJXUDWLRQ



5pJODJH

5 JODJH ILQ

6\VWýPH FRXOHXU

9ROXPH

3URJ VpOHFWLRQ

5HFKHUFKH DXWR

5pJODJH PDQXHO

' FRGHXU $9

79$9



/H PHQX þGLWLRQ GHV SURJUDPPHV YRXV SHUPHW GDMXVWHU OHV U JODJHV GH SRVLWLRQ GHV SURJUDPPHV

2XYUH] OH PHQX &RQILJXUDWLRQ

$OOH] DX PHQX 5

JODJH

(QWUH] GDQV OH PHQX 5

JODJH

$OOH] DX PHQX þGLWLRQ GHV

SURJUDPPHV

(QWUH] GDQV OH PHQX þGLWLRQ GHV

SURJUDPPHV

(IIHFWXH] OHV FKDQJHPHQWV

YRXOXV UHSRUWH]YRXV DX[

VHFWLRQV VXLYDQWHV

$SSX\H] VXU OD WRXFKH 675 SRXU

PRULVHU OHV FKDQJHPHQWV

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

3RXU HIIDFHU XQH SRVLWLRQ GH SURJUDPPH

LQXWLOH

&KRLVLVVH] OD SRVLWLRQ GH

SURJUDPPH

$SSX\H] VXU OD WRXFKH URXJH GH

OD W

O FRPPDQGH

$SSX\H] XQH QRXYHOOH IRLV VXU

OD WRXFKH URXJH SRXU YDOLGHU

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

0(18 5þ*/$*(  þ',7,21 '(6 352*5$00(6

79$9

&RQILJXUDWLRQ



3URJ &K 1RP %ORTXHU 6\V

3URJUDPPH VpOHFWLRQ

&RQILJXUDWLRQ

5pJODJH



3RXU DMRXWHU XQH SRVLWLRQ GH SURJUDPPH

&KRLVLVVH] OD SRVLWLRQ GH

SURJUDPPH RÖ VHUD LQV U OH

QRXYHDX SURJUDPPH

$SSX\H] VXU OD WRXFKH YHUWH

$SSX\H] GH QRXYHDX VXU OD WRXFKH

YHUWH SRXU YDOLGHU

&HWWH SRVLWLRQ YLHUJH SHXW

PDLQWHQDQW ûWUH FRQILJXU

H

QRPP

H EORTX HHWXWLOLV H SRXU

OH V\VWýPH GH W

O YLVLRQ GH YRWUH

FKRL[

$SSX\H] VXU 675 SRXU P

PRULVHU

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

3RXU G SODFHU XQ SURJUDPPH XQH DXWUH SRVLWLRQ

6 OHFWLRQQH] OD SRVLWLRQ TXH

YRXV VRXKDLWH] G SODFHU

$SSX\H] VXU OD WRXFKH MDXQH GH

OD W

O FRPPDQGH

OHFWLRQQH] OD QRXYHOOH

SRVLWLRQ

$SSX\H] GH QRXYHDX VXU OD

WRXFKH MDXQH SRXU YDOLGHU

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

0(18 5þ*/$*(  þ',7,21 '(6 352*5$00(6

79$9

3URJ &K 1RP %ORTXHU 6\V

3URJUDPPH VpOHFWLRQ

3URJ &K 1RP %ORTXHU 6\V

3URJUDPPH VpOHFWLRQ

3URJ &K 1RP %ORTXHU 6\V

3URJUDPPH VpOHFWLRQ

79$9



3RXU U JOHU XQH SRVLWLRQ GH SURJUDPPH

6 OHFWLRQQH] OD SRVLWLRQ GH

SURJUDPPH

$OOH]

OD FRORQQH &DQDO

$XJPHQWH] RX U

GXLVH] OH QXP UR

GH FDQDO RX XWLOLVH] OD WRXFKH &

SRXU ODFFýV GLUHFW DX FDQDO

SDJH 

$SSX\H] VXU 675 SRXU P

PRULVHU

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

3RXU FKDQJHU OH QRP GXQH SRVLWLRQ GH

SURJUDPPH

&KRLVLVVH] OD SRVLWLRQ YRXOXH

3RVLWLRQQH]YRXV VXU OH QRP

OHFWLRQQH] OH QRXYHDX SUHPLHU

FDUDFWýUH

3RVLWLRQQH]YRXV VXU OH VHFRQG

FDUDFWýUH

&RQWLQXH] MXVTXDX FKDQJHPHQW

FRPSOHW GX QRP

$SSX\H] VXU 675 SRXU P

PRULVHU

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

0(18 5þ*/$*(  þ',7,21 '(6 352*5$00(6

3URJUDPPH VpOHFWLRQ

3URJ &K 1RP %ORTXHU 6\V

3URJUDPPH VpOHFWLRQ

3URJ &K 1RP %ORTXHU 6\V

79$9



3RXU EORTXHU XQH SRVLWLRQ GH SURJUDPPH

DILQ GHQ LQWHUGLUH ODFFýV

6 OHFWLRQQH] OD SRVLWLRQ G VLU H

3RVLWLRQQH]YRXV VXU OD FRORQQH

%ORFDJH

OHFWLRQQH] O WDW %ORFDJH DFWLY

RX G VDFWLY

$SSX\H] VXU 675 SRXU P PRULVHU

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

1RWH

4XDQG XQH SRVLWLRQ GH SURJUDPPH HVW EORTX

H

ODFFýV GLUHFW DX FDQDO HQ XWLOLVDQW OD WRXFKH & HW OHV

WRXFKHV QXP ULTXHV GH OD W O FRPPDQGH QHVW SDV

GLVSRQLEOH

3RXU FKDQJHU OH V\VWýPH 79 SRXU XQH

SRVLWLRQ GH SURJUDPPH YRXOXH

6 OHFWLRQQH] OD SRVLWLRQ G VLU H

3RVLWLRQQH]YRXV VXU OD FRORQQH

6\V

&KRLVLVVH] OH V\VWýPH YRXOX 

6&  3$/%*+6(&$0%*

6&  3$/ ,

6&  3$/ ' .  6(&$0 ' .

)6(&$0//

$SSX\H] VXU 675 SRXU P

PRULVHU

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

3RXU FRSLHU OHV SDUDPýWUHV GH SURJUDPPH VXU

XQ PDJQ

WRVFRSH FRPSDWLEOH FRQQHFW $9

$OOH] OD FRORQQH 3URJ

$SSX\H] VXU OH ERXWRQ EOHX GH OD

O FRPPDQGH

/HV SDUDPýWUHV GX SURJUDPPH VRQW

PDLQWHQDQW WUDQVPLV DX

PDJQ

WRVFRSH &HOD SHXW SUHQGUH

TXHOTXHV VHFRQGHV VHORQ OH QRPEUH

GH FKDñQHV P PRULV HV

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU GX PHQX þGLWLRQ GHV

SURJUDPPHV

0(18 5þ*/$*(  þ',7,21 '(6 352*5$00(6

79$9

3URJUDPPH VpOHFWLRQ

3URJ &K 1RP %ORTXHU 6\V

3URJUDPPH VpOHFWLRQ

3URJ &K 1RP %ORTXHU 6\V

79!9&5 (1 &2856

$77(1'(= 693

3URJUDPPH  

7pOpFRPPDQGH QRQ GLVSRQLEOH

79$9



/H PHQX &RQILJXUDWLRQ DXWRPDWLTXH YRXV SHUPHW GH UHFRQILJXUHU DXWRPDWLTXHPHQW YRWUH W O YLVHXU

HQ IRQFWLRQ GHV FKDñQHV GH W

O YLVLRQ ORFDOHV &HWWH IRQFWLRQ HVW XWLOH HQ FDV GH G P QDJHPHQW

GDQV XQH DXWUH U

JLRQ

2XYUH] OH PHQX &RQILJXUDWLRQ

$OOH] DX PHQX 5

JODJH

(QWUH] GDQV OH PHQX 5

JODJH

$OOH] DX PHQX &RQILJXUDWLRQ DXWR

(QWUH] GDQV OH PHQX

&RQILJXUDWLRQ DXWR

$SSX\H] SRXU FRQILUPHU HW

FRPPHQFHU

OHFWLRQQH] OH SD\V

$SSX\H] SRXU ODQFHU OD

FRQILJXUDWLRQ DXWRPDWLTXH $73

/H W

O YLVHXU YD FKHUFKHU

LGHQWLILHU HW WULHU GDQV ORUGUH OHV

FKDñQHV GH W

O YLVLRQ ORFDOHV 6L

XQ PDJQ WRVFRSH FRPSDWLEOH HVW

FRQQHFW OD SULVH $9 OHV

SDUDPýWUHV GHV SURJUDPPHV

VHURQW WUDQVPLV DXWRPDWLTXHPHQW

DX PDJQ

WRVFRSH YLD OD OLDLVRQ

4/LQN SDJH 

8QH IRLV FHWWH RS

UDWLRQ

WHUPLQ H OH W O YLVHXU DIILFKHUD

OD SRVLWLRQ GH SURJUDPPH 

0(18 5þ*/$*(  $73 &21),*85$7,21

$8720$7,48(



$77(17,21

&+ ;<=

&RQILJXUDWLRQ

5pJODJH

  

79$9



/H U JODJH PDQXHO GHV SRVLWLRQV GH SURJUDPPHV SHXW VHIIHFWXHU SDUWLU GX PHQX VXU FUDQ RX GHV

FRPPDQGHV HQ IDDGH

0HQX 5 JODJH PDQXHO

2XYUH] OH PHQX &RQILJXUDWLRQ

$OOH] DX PHQX 5

JODJH

(QWUH] GDQV OH PHQX 5

JODJH

$OOH]

5 JODJH PDQXHO

(QWUH] GDQV 5

JODJH PDQXHO

OHFWLRQQH] OD SRVLWLRQ GH

SURJUDPPH G

VLU H

&RPPHQFH] OH U

JODJH

4XDQG OH SURJUDPPH YRXOX HVW

ORFDOLV

 DSSX\H] VXU 675 SRXU

P PRULVHU

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU GX PHQX 5

JODJH

PDQXHO

5 JODJH PDQXHO FRPPDQGHV HQ IDDGH

$SSX\H] VXU OD WRXFKH ) )DDGH

MXVTX

REWHQWLRQ GX PHQX 

5 JODJH 

$SSX\H] VXU OD WRXFKH  RX 

$SSX\H] VXU OD WRXFKH 79$9 SRXU

DOWHUQHU HQWUH  &KDQJHU

SURJUDPPH   5HFKHUFKH  RX 

&KDQJHU V\VWýPH 79 

$SSX\H] VXU  RX  SRXU FKDQJHU

GH SRVLWLRQ GH SURJUDPPH

FRPPHQFHU OD UHFKHUFKH RX

FKDQJHU OH V\VWýPH 79

4XDQG OD FKDñQH YRXOXH HVW

ORFDOLV

H DSSX\H] VXU 675 SRXU

P PRULVHU

S WH] OD SURF GXUH FLGHVVXV

SRXU DFFRUGHU GDXWUHV

SURJUDPPHV RX DSSX\H] VXU OD

WRXFKH ) SRXU VRUWLU

0(18 5þ*/$*(  5þ*/$*( 0$18(/



5pJODJH PDQXHO IDoDGH



5pJODJH

  



/RUV GH OLQVWDOODWLRQ LQLWLDOH GX W O YLVHXU OD ODQJXH GDIILFKDJH VXU FUDQ D W U JO HHQIRQFWLRQ

GX SD\V GH YRWUH FKRL[ 9RXV SRXYH] FHSHQGDQW V

OHFWLRQQHU XQH DXWUH ODQJXH SDUWLU GX PHQX

/DQJXHV 26'

2XYUH] OH PHQX &RQILJXUDWLRQ

$OOH] DX PHQX /DQJXH 26'

(QWUH] GDQV OH PHQX /DQJXHV

26'

OHFWLRQQH] ORSWLRQ GH YRWUH

FKRL[

$SSX\H] VXU OD WRXFKH 79$9

SRXU YDOLGHU YRWUH V

OHFWLRQ HW

VRUWLU

/$1*8( 26'

/DQJXHV 26'

'HXWVFK (VSDxRO 1HGHUODQGV

(QJOLVK 1RUVN 6XRPL

)UDQoDLV 'DQVN 7UNoH

,WDOLDQR 6YHQVND 3RUWXJXrV

(//+1,.$

&RQILJXUDWLRQ

79$9



/D OLDLVRQ 4/LQN SHUPHW DX W O YLVHXU GH FRPPXQLTXHU DYHF YRWUH PDJQ WRVFRSH

2XYUH] OH PHQX &RQILJXUDWLRQ

$OOH]

/LDLVRQ 4/LQN

&RQILUPH] TXH OD OLDLVRQ 4/LQN

HVW

O WDW kDFWLY l

$SSX\H] VXU OD WRXFKH 79$9

SRXU VRUWLU

/H PDJQ

WRVFRSH GRLW ûWUH FRQQHFW SDU XQ F EOH 3(5,7(/ W\SH FRXYUDQW WRXWHV OHV IRQFWLRQV HQWUH OD SULVH $9 GX W O YLVHXU HW OD

SULVH FRUUHVSRQGDQWH GX PDJQ

WRVFRSH &RQVXOWH] OH PRGH GHPSORL GX PDJQ WRVFRSH SRXU WRXV UHQVHLJQHPHQWV

FRPSO

PHQWDLUHV /D OLDLVRQ 4/LQN OD OLDLVRQ RX OHVWHFKQRORJLHV VLPLODLUHVSHUPHWWHQWDX W O YLVHXU GH FRPPDQGHU XQ

PDJQ

WRVFRSH FRPSDWLEOH GHQUHJLVWUHU OH SURJUDPPH UHWUDQVPLV FH PRPHQWO VXU O FUDQ RX W O YLVHXU TXHOOH TXH VRLW OD

SRVLWLRQ GH U

JODJH GH SURJUDPPH GX PDJQ WRVFRSH &HOD VLPSOLILH FRQVLG UDEOHPHQW OHQUHJLVWUHPHQW GHV SURJUDPPHV

3RXU HQUHJLVWUHU O PLVVLRQ TXH YRXV ûWHV HQ WUDLQ GH UHJDUGHU

$SSX\H] VXU OD WRXFKH ',5(&7 79 5(& GH OD W O FRPPDQGH

6L OH PDJQ WRVFRSH HVW WHLQW LO VDOOXPH DXWRPDWLTXHPHQW TXDQG YRXV DSSX\H] VXU OD WRXFKH ',5(&7 79 5(&

8Q PHVVDJH SURYHQDQW GX PDJQ

WRVFRSHVDIILFKHVXUO FUDQ GX W O YLVHXU SRXU LQGLTXHU FH TXL HVW HQUHJLVWU RX TXH

OHQUHJLVWUHPHQW GLUHFW HVW LPSRVVLEOH 

/H PDJQ

WRVFRSHHQUHJLVWUHOHVLJQDOGH

SURJUDPPH GH VRQ SURSUH WXQHU 9RXV SRXYH]

WHLQGUH OH W O YLVHXU HW ODLVVHU OH PDJQ WRVFRSH

HQUHJLVWUHU GH OD IDRQ QRUPDOH

/H PDJQ

WRVFRSH HVW HQ WUDLQ GHQUHJLVWUHU O PLVVLRQ UHWUDQVPLVH SDU

OH W

O YLVHXU 9RXV QH GHYH] SDV FKDQJHU OD SRVLWLRQ GH SURJUDPPH RX

WHLQGUH OH W O YLVHXU  VL YRXV OH IDLWHV OH PDJQ WRVFRSH VDUUûWHUD

DXWRPDWLTXHPHQW GHQUHJLVWUHU HW V

WHLQGUD

/D ODQJXHWWH GH SURWHFWLRQ

ODUULýUHGHOD

FDVVHWWH YLG

RD W HQOHY H

([HPSOHV GDXWUHV PHVVDJHV SRXYDQW ûWUH DIILFK

V

0DJQpWRVFRSH HQUHJ SURJ SUpUpJOp 6RXUFH 79 HQ FRXUV G·HQUHJLVWUHPHQW

3DV G·HQUHJ  &$66(77( 121 ,16(5((

3DV G·HQUHJ  &$66(77( 3527(*((

3DV G·HQUHJ  /(&785( (1 &2856

3DV G·HQUHJ  (15(* '(-$ (1 &2856

0DJQpWRVFRSH HQUHJ SURSUH WXQHU

3DV G·HQUHJ  %$1'( (1'200$*((

(QUHJLVWUHPHQW 9&5  9&5 H[W

3DV G·HQUHJ  $%6(1&( '( 6,*1$/

3RXU O FKDQJH GHV SDUDPýWUHV GH U JODJH

3RXU DVVXUHU GHV HQUHJLVWUHPHQWV YLG R FRUUHFWV OH W O YLVHXU HW OH PDJQ WRVFRSH GRLYHQW SRXYRLU FKDQJHU GHV LQIRUPDWLRQV VXU OHV

SDUDPýWUHV GH U

JODJH SDJH 

- &KDTXH IRLV TXH OD IRQFWLRQ &RQILJXUDWLRQ DXWRPDWLTXH $73 HVW XWLOLV H OHV SDUDPýWUHV GH U JODJH VRQW WUDQVPLV DX

PDJQ

WRVFRSH

)RQFWLRQV 0LVH HQ PDUFKH HW $UUûW DXWRPDWLTXHV GX W O YLVHXU

&HV IRQFWLRQV VXSSO PHQWDLUHV VRQW GLVSRQLEOHV DYHF OD OLDLVRQ 4/LQN GH 3DQDVRQLF

- 4XDQG YRXV LQWURGXLVH] XQH FDVVHWWH YLG

R GDQV YRWUH PDJQ WRVFRSH HW TXH YRXV DSSX\H] VXU OH ERXWRQ 0DUFKH GX

PDJQ

WRVFRSH OH W O YLVHXU VH PHW DXWRPDWLTXHPHQW HQ PDUFKH HW V OHFWLRQQH OHQWU H $9 SRXU YRXV SHUPHWWUH GH YLVLRQQHU OD

YLG

R

- 6L YRXV

WHLJQH] OH W O YLVHXU DORUV TXH OH PDJQ WRVFRSH HVW HQ PRGH $UUûW $YDQFH UDSLGH RX 5HPERELQDJH OH PDJQ WRVFRSH

VDUUûWHUD DXWRPDWLTXHPHQW

3RXU G VDFWLYHU OD OLDLVRQ 4/LQN

6L YRXV QH VRXKDLWH] SDV XWLOLVHU OD OLDLVRQ 4/LQN DOOH] DX PHQX &RQILJXUDWLRQ V OHFWLRQQH] ORSWLRQ 4/LQN HW V OHFWLRQQH] O WDW

' VDFWLY  2II SDJH 

1RWH LPSRUWDQWH 

7RXV OHV PDJQ

WRVFRSHV QDFFHSWHQW SDV FH V\VWýPH GH FRPPXQLFDWLRQV GH GRQQ HV &HUWDLQV PDJQ WRVFRSHV SHXYHQW DFFHSWHU

FHUWDLQHV IRQFWLRQV PDLV SDV GDXWUHV &RQVXOWH] OH PRGH GHPSORL GH YRWUH PDJQ

WRVFRSH SRXU YRXV LQIRUPHU

6L OD OLDLVRQ 4/LQN HVW LQRS

UDQWH FRPPHQFH] SDU FRQILUPHU TXH OH F EOH 3(5,7(/ XWLOLV HVW ELHX GX W\SH FRXYUDQW WRXWHV OHV

IRQFWLRQV &RQVXOWH] YRWUH UHYHQGHXU SRXU YRXV LQIRUPHU

/,$,621 4/,1.

&RQILJXUDWLRQ

79$9

0HQX &RQILJXUDWLRQ

0HQX 6RQ



/H PHQX 6 OHFWLRQ $9 YRXV SHUPHW GH V OHFWLRQQHUODVRXUFH$9GHYRWUHFKRL[

$SSX\H] VXU OD WRXFKH 79$9

$SSX\H] VXU OD WRXFKH GH FRXOHXU

DSSURSUL

HGHODW O FRPPDQGH

SHQGDQW TXH OHV RSWLRQV VRQW

DIILFK

HV VXU O FUDQ

/HV RSWLRQV GLVSDUDLVVHQW

9RXV SRXYH] VRXKDLWHU IDLUH GHV

JODJHV GDQV OHV PHQXV

&RQILJXUDWLRQ RX 6RQ

2XYUH] OH PHQX &RQILJXUDWLRQ

OHFWLRQQH] ORSWLRQ GH YRWUH FKRL[

$FF

GH] DX[ U JODJHV RX DX[

RSWLRQV

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU

2XYUH] OH PHQX 6RQ

OHFWLRQQH] ORSWLRQ GH YRWUH FKRL[

$FF

GH] DX[ U JODJHV RX DX[

RSWLRQV

$SSX\H] VXU OD WRXFKH 79$9 SRXU

VRUWLU

6þ/(&7,21 (7 &21),*85$7,21 $9

79$9

&RQILJXUDWLRQ

6RQ

$9



&HWWHW O FRPPDQGHSHXWûWUHXWLOLV HDYHF FHUWDLQV PDJQ WRVFRSHV HWOHFWHXUV GHYLG RGLVTXHVDXIRUPDW '9''LJLWDO9HUVDWLOH'LVF

GH OD PDUTXH 3DQDVRQLF þWDQW GRQQ

TXH FHUWDLQV PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV RIIUHQW GHV IRQFWLRQV GLII UHQWHV

YHXLOOH] YRXV U I UHU DX PRGH GHPSORL GH ODSSDUHLO RX FRQVXOWHU OH UHYHQGHXU SRXU YRXV LQIRUPHU

)21&7,21 0$*1þ726&23(/(&7(85

'( 9,'þ2',648(6 '9'

$SSX\H] VXU FHWWH WRXFKH SRXU PHWWUH OH

PDJQ

WRVFRSHOHFWHXU GH YLG RGLVTXHV O WDW GH

YHLOOH

$SSX\H]

QRXYHDX SRXU ODOOXPHU

þWDW GH YHLOOH

$SSX\H] VXU FHWWH WRXFKH SRXU OLUH OD FDVVHWWHOH

GLVTXH YLG R

/HFWXUH

$SSX\H] VXU FHWWH WRXFKH SRXU DUUûWHU OD FDVVHWWHOH

GLVTXH YLG

R

$UUûW

0$*1þ726&23(  $SSX\H] VXU FHWWH WRXFKH SRXU

FRPPDQGHU ODYDQFH UDSLGH (Q PRGH /HFWXUH

DSSX\H] VXU FHWWH WRXFKH SRXU YLVXDOLVHU OLPDJH HQ

PRGHGDYDQFHUDSLGH

/(&7(85 '9'  $SSX\H] XQH IRLV VXU FHWWH WRXFKH

SRXU VDXWHU

OD SODJH VXLYDQWH (Q PRGH /HFWXUH

DSSX\H] GH IDRQ FRQWLQXH VXU FHWWH WRXFKH SRXU

YLVXDOLVHU OLPDJH HQ PRGH GDYDQFH UDSLGH

6DXW GH SODJH$YDQFH UDSLGH9LVXDOLVDWLRQ

0$*1þ726&23(  $SSX\H] VXU FHWWH WRXFKH SRXU

UHPERELQHU OD EDQGH (Q PRGH /HFWXUH DSSX\H] VXU

FHWWH WRXFKH SRXU YLVXDOLVHU OD EDQGH HQ PRGH GH

UHPERELQDJH UDSLGH

/(&7(85 '9'  $SSX\H] XQH IRLV VXU FHWWH WRXFKH

SRXU VDXWHU

OD SODJH SU F GHQWH (Q PRGH /HFWXUH

DSSX\H] GH IDRQ FRQWLQXH VXU FHWWH WRXFKH SRXU

YLVXDOLVHU OLPDJH HQ PRGH UHFXO UDSLGH

6DXW GH SODJH5HPERELQDJH UDSLGH9LVXDOLVDWLRQ

$SSX\H] VXU FHWWH WRXFKH HQ PRGH /HFWXUH SRXU

REWHQLU ODUUûW VXU LPDJH

$SSX\H] GH QRXYHDX SRXU UHSUHQGUH OD OHFWXUH

QRUPDOH

$UUûW VXU LPDJH

$SSX\H] SRXU DXJPHQWHUGLPLQXHU GXQH XQLW

SRVLWLRQ GH SURJUDPPH GX PDJQ

WRVFRSH

ILOHPHQW

$SSX\H] VXU FHWWH WRXFKH SRXU HQUHJLVWUHU

(QUHJLVWUHPHQW

8WLOLVH] FHWWH WRXFKH SRXU TXH OD W O FRPPDQGH

FRPPDQGHOHPDJQ

WRVFRSHRXOHOHFWHXUGH

YLG

RGLVTXHV

7RXFKH PDJQ

WRVFRSHOHFWHXU GH YLG RGLVTXHV '9'

 

  

  

& 

79$9



- /HV IRQFWLRQV GH 7 O WH[WH YDULHQW VHORQ OHV VRFL W V GH UDGLRGLIIXVLRQ HW QH VRQW GLVSRQLEOHV TXH VL OD FKDñQH V OHFWLRQQ H

WUDQVPHW OH 7

O WH[WH

- (Q DSSX\DQW VXU OD WRXFKH ,PDJH HQ PRGH 7

O WH[WH OD IRQFWLRQ GH FRQWUDVWH DIILFKH XQH EDUUH GH FRXOHXU F\DQ DSSX\H] VXU

*SRXU PRGLILHU OH U JODJH VHORQ OHV EHVRLQV

(Q DSSX\DQW VXU OD WRXFKH &RQILJXUDWLRQ HQ PRGH 7 O WH[WH OHV RSWLRQV GH IRQFWLRQV VS FLDOHV VRQW DIILFK HV HQ EDV GH O 

FUDQ

- (Q PRGH 7

O WH[WH OH YROXPH SHXW WRXMRXUV ûWUH PRGLIL SRXU VDGDSWHU DX QLYHDX GH U FHSWLRQ G VLU 

(Q TXRL FRQVLVWH OH PRGH /,67 /,67( "

(Q PRGH /,67 TXDWUH QXP URVGHSDJHGHFRXOHXUVGLII UHQWHV DSSDUDLVVHQW HQ EDV GH O FUDQ &KDFXQ GH FHV QXP URV SHXW ûWUH

FKDQJ

HW HQUHJLVWU GDQV OD P PRLUH GX W O YLVHXU

(Q TXRL FRQVLVWH OH PRGH )$67(;7 7(;7( 5$3,'( "

(Q PRGH )$67(;7 TXDWUH VXMHWV GH FRXOHXUV GLII UHQWHV DSSDUDLVVHQW HQ EDV GH OLPDJH 3RXU REWHQLU SOXV GLQIRUPDWLRQ VXU OXQ GH

FHV VXMHWV DSSX\H] VXU OH ERXWRQ FRORU

FRUUHVSRQGDQW &HWWH IRQFWLRQ SHUPHW GREWHQLU UDSLGHPHQW GHV LQIRUPDWLRQV VXU OHV VXMHWV

LQGLTX

V

(Q TXRL FRQVLVWH OH PRGH 723 7 O WH[WH "

/D IRQFWLRQ 7RS 7 O WH[WH UHQG OD V OHFWLRQ GHV SDJHV GH 7 O WH[WH YRXOXHV SOXV IDFLOH HW SOXV UDSLGH (Q IDLW ODFFýV DX[ SDJHV HVW

LQVWDQWDQ

 DSSX\H] VXU OH ERXWRQ HW OD SDJH DSSDUDñW

&RPPHQW IRQFWLRQQH FHWWH RSWLRQ "

/RSWLRQ 723 7 O WH[WH XWLOLVH TXDWUH WRXFKHV FRORU HV URXJH YHUWH MDXQH HW EOHXH SRXU V OHFWLRQQHU OHV LQIRUPDWLRQV VXLYDQWHV

- 3RXUYRXV G

SODFHUGXQHFDW JRULHGHVSHFWDFOH XQH DXWUH 63257SDU H[HPSOH XWLOLVH] OD WRXFKH EOHXH 8QH IRLV OLQW ULHXUGH

OD FDW JRULH 63257 YRXV SRXYH] V OHFWLRQQHU GHV DFWLYLW VGLII UHQWHV WHOOHV TXH OH WHQQLV OH IRRWEDOO OH EDVNHWEDOO HWF HQ

XWLOLVDQW OD WRXFKH MDXQH 4XDQG OD GHUQLýUH DFWLYLW

GHODFDW JRULH HVW DWWHLQWH OD WRXFKH MDXQH YRXV IDLW SDVVHU OD FDW JRULH GH

VSHFWDFOH VXLYDQWH

- /D WRXFKH YHUWH V OHFWLRQQHUD OD SDJH VXLYDQWH YHUV OH +$87

- /D WRXFKH URXJH V

OHFWLRQQHUD OD SDJH VXLYDQWH YHUV OH %$6

4XHOV VRQW OHV DYDQWDJHV "

- 6 OHFWLRQGHODSDJHDXVLPSOHWRXFKHUGXQERXWRQ

- 6

OHFWLRQ IDFLOH WDSH SDU WDSH GDQV OHV FDW JRULHV GDFWLYLW VYRXOXHV

- 5

GXFWLRQ GX WHPSV GDWWHQWH

- 6L YRXV HQWUH] XQ QXP

UR GH SDJH QRQ H[LVWDQW XQ SRLQW GLQWHUURJDWLRQ DSSDUDñW HQ EDV GH O FUDQ

- /D OLJQH G

WDW HQ EDV GH O FUDQ YRXV LQGLTXH WRXMRXUV TXHO ERXWRQ YRXV FRQGXLUD OLQIRUPDWLRQ VRXKDLW H

$SSX\H] VXU OD WRXFKH 797(;7

/D SDJH 7

O WH[WH VDIILFKH O FUDQ

$SSX\H]

QRXYHDX VXU FHWWH WRXFKH SRXU UHYHQLU HQ PRGH 79

0RGH 797 O WH[WH

/HV SDJHV SHXYHQW ûWUH V OHFWLRQQ HV GH GHX[ PDQLýUHV 

D $SSX\H] VXU OHV WRXFKHV GH G

ILOHPHQW SRXU DFFURñWUH RX G FURñWUHOHQXP UR GH

SDJH GXQH XQLW

OD IRLV

E (Q HQWUDQW OH QXP UR GH SDJH ODLGH GHV WRXFKHV  GHODW O FRPPDQGH

6 OHFWLRQ GHV SDJHV

$SSX\H] VXU OD WRXFKH &21),*85$7,21 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV SXLV VXU OD

WRXFKH YHUWH

$SSX\H] XQH QRXYHOOH IRLV VXU OD WRXFKH YHUWH SRXU DJUDQGLU OD SDUWLH ,1)(5,(85( GH O

FUDQ

$SSX\H] XQH QRXYHOOH IRLV SRXU UHYHQLU ODIILFKDJH QRUPDO SOHLQ FUDQ )8//

)XOO7RS%RWWRP3OHLQ+DXW%DV

$SSX\H] VXU OD WRXFKH &21),*85$7,21 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV SXLV

VXU OD WRXFKH URXJH SRXU U

Y OHU OHV PRWV FDFK V SDU H[HPSOH OHV U SRQVHV DX[

SDJHV GH MHX[ $SSX\H] GH QRXYHDX SRXU FDFKHU OHV U

SRQVHV

5HYHDO 5 Y OHU

(Q PRGH 723 RX )$67(;7 FHV GHUQLýUHV FRUUHVSRQGHQW DX[ GLII UHQWV VXMHWV GH FRXOHXU

(Q PRGH /,67 /,67( HOOHV FRUUHVSRQGHQW DX[ GLII

UHQWV QXP URV GH SDJHV FRORU HV

7RXFKHV URXJH  YHUWH  MDXQH  EOHXH

(Q PRGH /,67 OHV TXDWUH QXP URV GH SDJH SHXYHQW ûWUH FKDQJ V SRXU OHV SRVLWLRQV GH

FKDñQHV    VHXOHPHQW 3RXU FH IDLUH DSSX\H] VXU OXQH GHV WRXFKHV GH FRXOHXU HW

HQWUH] OH QRXYHDX QXP

UR GH SDJH

3UHVVH] HW PDLQWHQH] HQIRQF H OD WRXFKH 675 MXVTX FH TXH OHV QXP URV GH SDJH

FKDQJHQW GH FRXOHXU

/LVW 6WRUH 0 PRLUH GH OLVWH

)21&7,21 7þ/þ7(;7(



,O QHVW SDV SRVVLEOH GH FKDQJHU OD SRVLWLRQ GX SURJUDPPH HQ PRGH )ODVK GLQIRUPDWLRQV 0LVH MRXU RX $FFýV DX[ VRXVSDJHV

&HWWH IRQFWLRQ SHUPHW GH P PRULVHU XQH SDJH HW GH OD UDSSHOHU LQVWDQWDQ PHQW 3RXU PHWWUH

OD SDJH HQ P

PRLUH OH W O YLVHXU GRLW ûWUH HQ PRGH /LVWH HW OD SRVLWLRQ GH SURJUDPPH GRLW

ûWUH HQWUH  HW  $SSX\H] VXU OD WRXFKH EOHXH SRXU V

OHFWLRQQHU OH QXP UR GH SDJH SXLV

DSSX\H] VXU OD WRXFKH 675 HW WHQH] OD HQIRQF

H /H QXP UR GH SDJH HVW DORUV P PRULV 

$SSX\H] VXU OD WRXFKH )3 SRXU UDSSHOHU FHWWH SDJH

3DJH SU I U H)3

$SSX\H] VXU OD WRXFKH &21),*85$7,21 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV SXLV VXU OD

WRXFKH MDXQH SRXU YRLU OLPDJH W

O YLV H WRXW HQ FKHUFKDQW XQH SDJH 7 O WH[WH

/RUVTXHODSDJHHVWWURXY

H O FUDQ DIILFKHUD OH QXP URGHODSDJHHQKDXW JDXFKH

$SSX\H] VXU OD WRXFKH MDXQH SRXU YRLU OD SDJH

$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO

1HZV )ODVK )ODVK GLQIRUPDWLRQV

/RUVTXXQH SDJH GH IODVK GLQIRUPDWLRQV D

W V OHFWLRQQ H DSSX\H] VXU OD WRXFKH

&21),*85$7,21 HW VXU OD WRXFKH MDXQH SRXU UHJDUGHU OD W

O YLVLRQ QRUPDOHPHQW /RUVTXH

OD PLVH

MRXU GXQ IODVK GLQIRUPDWLRQV VHUD FDSW H OH QXP URGHSDJHVHUDDIILFK VXU

O

FUDQ

$SSX\H] DORUV VXU OD WRXFKH MDXQH SRXU DIILFKHU OH IODVK GLQIRUPDWLRQV

$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO

8SGDWH 0LVH

MRXU

$SSX\H] VXU OD WRXFKH &21),*85$7,21 HW VXU OD WRXFKH MDXQH SRXU YLVXDOLVHU OD PLVH

MRXU GLQIRUPDWLRQV VXU FHUWDLQHV SDJHV /RUVTXXQH PLVH MRXU HVW FDSW H OH QXP UR GH

SDJH HVW DIILFK

HQ KDXW GH O FUDQ JDXFKH

$SSX\H] VXU OD WRXFKH MDXQH SRXU YLVXDOLVHU OD SDJH

$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO

8SGDWH 'LVSOD\ 0LVH MRXU

/RUVTXH OHV LQIRUPDWLRQV 7 O WH[WH RFFXSHQW SOXV GXQH SDJH OH V\VWýPH GH FKDQJHPHQW

DXWRPDWLTXH GHV VRXVSDJHV SRXUUD PHWWUH XQ FHUWDLQ WHPSV DYDQW GDWWHLQGUH OD VRXVSDJH

YRXOXH ,O HVW SRVVLEOH GHQWUHU OH QXP

UR GH VRXVSDJH VRXKDLW HW GH FRQWLQXHU VXLYUH OH

SURJUDPPH QRUPDO MXVTX

FH TXH OD VRXVSDJH FRUUHFWH DLW W WURXY H

OHFWLRQQH] OH QXP URGHSDJHYRXOX ODLGH GHV WRXFKHV 

$SSX\H] VXU OD WRXFKH &21),*85$7,21 SXLV VXU OD WRXFKH EOHXH  7 VDIILFKHUD HQ

KDXW GURLWHGHO FUDQ

(QWUH] OH QXP UR GH VRXVSDJH G VLU DYDQW TXH OH 7 QH GLVSDUDLVVH

3RXU V

OHFWLRQQHUODSDJHHQWUH]HW

6L YRXV ûWHV HQ PRGH /,67 XQ  7  DSSDUDñWUD GDQV OD IHQûWUH GX EDV

$SSX\H] VXU OD WRXFKH MDXQH SRXU UHJDUGHU XQH

PLVVLRQ GH W O YLVLRQ QRUPDOH

$SSX\H] VXU &21),*85$7,21 HW VXU OD WRXFKH MDXQH HQ PRGH /,67

/RUVTXH OD SDJH HVW GLVSRQLEOH DSSX\H] VXU OD WRXFKH MDXQH SRXU YRLU OD SDJH

3RXU HIIDFHU OD SDJH XWLOLVH] OXQ GHV PR\HQV VXLYDQWV 

- $SSX\H] VXU &21),*85$7,21

- 6

OHFWLRQQH] XQ QRXYHDX QXP UR GH SDJH

- $SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO

$FFýV DX[ VRXVSDJHV FRG HV

$SSX\H] VXU ,1'(; SRXU UHYHQLU VXU OD SDJH GLQGH[ SULQFLSDO

6HORQ OD IDRQ GRQW OHV LQIRUPDWLRQV VRQW WUDQVPLVHV YRXV GHYUH] SHXWûWUH SUHVVHU SOXV GXQH

IRLV FHWWH WRXFKH SRXU UHYHQLU

OLQGH[ SULQFLSDO

,QGH[

$SSX\H] VXU OD WRXFKH +2/' SRXU UHWHQLU OD SDJH 7 O WH[WH ORUV GH OD FRQVXOWDWLRQ

GLQIRUPDWLRQV FRXUDQW VXU SOXVLHXUV SDJHV $SSX\H] GH QRXYHDX SRXU UHYHQLU

OD PLVH

MRXU DXWRPDWLTXH

0DLQWLHQ GH OD SDJH

)21&7,21 7þ/þ7(;7(



9LD OHV SULVHV DUULýUH 3(5,7(/  EURFKHV $9$96

HWODSULVHGHVRUWLHDXGLR5&$

(QWU HVRUWLH GH OD

SULVH 3(5,7(/ $9

(QWU

HVRUWLH GH OD SULVH

3(5,7(/ $9GHOD

OLDLVRQ 4/LQN

6RUWLH GHV SULVHV

6257,( $8',2

*'

1RWHV 

/

TXLSHPHQW DX[LOLDLUH HW OHV F EOHV UHSU VHQW VQHVRQW

SDV IRXUQLV DYHF FH W

O YLVHXU

1H EUDQFKH] SDV GRUGLQDWHXU PXQL GXQH VRUWLH 77/  9

VXU FH W

O YLVHXU

[F EOHV DXGLR

5&$

EOH 3(5,7(/

3ULVH 3(5,7(/  EURFKHV $9

/HV EURFKHV $9  HW  G SHQGHQW GH

OD FRPPXWDWLRQ 69+6  9,'þ2 $9

1 %URFKDJH GHV SULVHV 3(5,7(/

3ULVH 3(5,7(/  EURFKHV $9

/HV HQWU

HV DG TXDWHV SRXU $9 LQFOXHQW

59% URXJHYHUWEOHX

&211(;,216 $8',2  9,'þ2



6\PSWÎPHV

,PDJH 6RQ

,PDJH QHLJHXVH

6RQ GLVFRUGDQW

/D SRVLWLRQ ORULHQWDWLRQ RX OH

UDFFRUGHPHQW GH ODQWHQQH

,PDJH G PXOWLSOL H

6RQ QRUPDO

/D SRVLWLRQ ORULHQWDWLRQ RX OH UDFFRUGHPHQW GH

ODQWHQQH

3DUDVLWHV

6RQ GLVFRUGDQW

/D SUR[LPLW GDSSDUHLOV OHFWURP QDJHUV

GH YRLWXUHVPRWRF\FOHWWHV

G

FODLUDJHV IOXRUHVFHQWV

OHFWLRQQH] OD IRQFWLRQ 315 GDQV OH PHQX ,PDJH

SRXU U

GXLUH OD GLVWRUVLRQ GH OLPDJH

,PDJH QRUPDOH

3DV GH VRQ

/H U JODJHGHYROXPH

6L OD FRXSXUH GH VRQ HVW DFWLY

3DV GLPDJH

3DV GH VRQ

6L OH W O YLVHXU HVW HQ PRGH $9

6L OD SULVH VHFWHXU HVW ELHQ EUDQFK

6L OH W

O YLVHXU HVW DOOXP

6L OHV QLYHDX[ GH VRQ HW GLPDJH VRQW U JO VDX

PLQLPXP

6L OH W

O YLVHXU HVW O WDW GH YHLOOH

3DV GH FRXOHXU

6RQ QRUPDO

6L OH U JODJH GHV FRXOHXUV HVW DX PLQLPXP

0DXYDLVH LPDJH RX GLVWRUVLRQ

6RQ IDLEOH RX SDV GH VRQ

5 DFFRUGHU OHV FDQDO FDQDX[

7DFKHV GH FRXOHXU

6RQ QRUPDO

6LO \ D XQH LQWHUI UHQFH PDJQ WLTXH GXQ

TXLSHPHQW QRQ EOLQG

6L OH W O YLVHXU D W G SODF DORUV TXLO WDLW DOOXP 

'DQV FH FDV O WHLQGUH SHQGDQW DX PRLQV 

PLQXWHV

,PDJH QRUPDOH

6RQIDLEOHRXGLVFRUGDQW

/D U FHSWLRQGXVRQSHXWVûWUHG JUDG H

0HWWUHOHU

JODJH 03; PHQX 6RQ VXU 0RQR

MXVTX

FH TXH OD U FHSWLRQ VDP OLRUH

',$*1267,& '(6 3$11(6



1 ' SDQQDJH

$YDQW GH IDLUH DSSHO DX U SDUDWHXU G WHUPLQH] OHV V\PSWÎPHV

GH OD SDQQH

ODLGHGXJXLGHGHGLDJQRVWLFGHODSDJH

F GHQWH 3RXU WRXW G SDQQDJH DGUHVVH]YRXV YRWUH

UHYHQGHXU 3DQDVRQLF HQ LQGLTXDQW OH QXP

UR GX PRGýOH HW OH

QXP UR GH V ULH ILJXUDQW ODUULýUH GX W O YLVHXU

1 &RQVROHV GH MHX[  2UGLQDWHXUV SHUVRQQHOV

/XWLOLVDWLRQ SURORQJ HGHMHX[YLGR RX GRUGLQDWHXUV

SHUVRQQHOV SHXW SURYRTXHU XQ PDUTXDJH SHUPDQHQW GH O

FUDQ

GXQ W

O YLVHXU &HWWH G W ULRUDWLRQ SHUPDQHQWH GX WXEH

FDWKRGLTXH SHXW ûWUH OLPLW

H HQ UHVSHFWDQW OHV FRQVLJQHV

VXLYDQWHV 

- 5

GXLVH] OHV U JODJHV GH OXPLQRVLW HW GH FRQWUDVWH DX

PLQLPXP

- 1H ODLVVH] SDV YRWUH W O YLVHXU DOOXP GHPDQLýUH

FRQWLQXH ORUVTXH YRXV OXWLOLVH] DYHF XQH FRQVROH GH MHX

YLG

RRXXQRUGLQDWHXUSHUVRQQHO

- &HWWH G

W ULRUDWLRQ GX WXEH FDWKRGLTXH QHVW SDV GXH

XQ G IDXW GH IRQFWLRQQHPHQW HW HOOH QH WRPEH GRQF SDV

VRXV OD JDUDQWLH 3DQDVRQLF

1 0LVH HQ P PRLUH GHV GHUQLýUHV V OHFWLRQV

&HUWDLQHV IRQFWLRQV GLVSRVHQW GXQH P PRULVDWLRQ GHV

GHUQLýUHV V

OHFWLRQV RS U HV FH TXL VLJQLILH TXH OHV U JODJHV

DFWLIVDX PRPHQW RÖ OH W

O YLVHXU HVW WHLQW VHURQW U WDEOLV TXDQG

OH W

O YLVHXU VHUD UDOOXP 

3URJUDPPH 7HLQWH 0176&  176& VHXOHPHQW

/DQJXH 26' ' FRGHXU $9

3RVLWLRQ $9 &RQWUDVWH

9ROXPH 1HWWHW

03; $VSHFW

*UDYHV 9HLOOH

$LJXùV ,QWHOOLJHQFH DUWLILFLHOOH $, ,PDJH HW 6RQ

%DODQFH &RXOHXU

%DODQFH FRXOHXU /XPLQRVLW

(WDW $PELDQFH

315 0RGH 7 O WH[WH

0RGH /LDLVRQ 4/LQN

1 0LVH HQ YHLOOH DXWRPDWLTXH

6L OH W O YLVHXU QHVW SDV WHLQW ORUVTXH OD FKDñQH GH W O YLVLRQ

FHVVH G PHWWUH OH PRGH GH YHLOOH VHQFOHQFKHUD

DXWRPDWLTXHPHQW DSUýV  PLQXWHV &HWWH IRQFWLRQ QHVW SDV

GLVSRQLEOH ORUVTXH OH W

O YLVHXU HVW HQ PRGH $9

7;6/) 7;6/)

$OLPHQWDWLRQ OHFWULTXH  9  +] &$

&RQVRPPDWLRQ : :

&RQVRPPDWLRQ HQ DWWHQWH

:

7XEH LPDJH

'LDJRQDOH YLVLEOH

 FP  FP

6RUWLH DXGLR

PXVLTXH

[:LPS GDQFH  :

'LPHQVLRQV

 PP

 PP

 PP

 PP

 PP

 PP

3RLGV NJ  



3$/%*+,6(&$0%*6(&$0//

9+) (  ( 9+) +  + ,7$/,(

9+)$+,7$/,( 8+)((

&$79 6  6 &$79 6  6 0  0

&$79 6  6 8  8 &$79 6  6 +\SHUEDQG

(

PHV

HU FHSW



QRP



(



9+)55 9+)55

9+)55 8+)((

3$/  /HFWXUHGHFDVVHWWHV176&

SDUWLU GH PDJQ WRVFRSHV 3$/

0176& /HFWXUHGHPDJQ

WRVFRSHV  0+]

176& HQWU

H $9 XQLTXHPHQW /HFWXUHGHPDJQ WRVFRSHV 176&

$QWHQQH  DUULýUH 8+)  9+)

$9  DUULýUH

$9  SULVH  EURFKHV  HQWU HVRUWLH DXGLRYLG R HQWU H59%

$9  SULVH  EURFKHV  HQWU

HVRUWLH DXGLRYLG R HQWU H69LG R OLDLVRQ 4/LQN

 [ VRUWLHV DXGLR 5&$

&HV FDUDFW ULVWLTXHV SHXYHQW ûWUH PRGLIL HV VDQV SU DYLV /HV GLPHQVLRQV HW SRLGV LQGLTX V VRQW DSSUR[LPDWLIV

,1)250$7,216 *(1(5$/(6

&$5$&7þ5,67,48(6



&;

Panasonic TX25SL1FZ de handleiding

Merk: Panasonic

Model: TX25SL1FZ

Type: de handleiding

Deze handleiding is ook geschikt voor

Download PDF

rapport

in andere talen

français: Panasonic TX25SL1FZ Le manuel du propriétaire

Panasonic TX25SL1FZ de handleiding

Deze handleiding is ook geschikt voor

Panasonic TX25SL1FZ de handleiding

in andere talen

Gerelateerde artikelen

Andere documenten