▼
Scroll to page 2
of
56
%%3% %3.7 USER MANUAL )5 1RWLFHG XWLOLVDWLRQ )RXU 3285'(6568/7$763$5)$,76 0HUFLG DYRLUFKRLVLFHSURGXLW$(*1RXVO DYRQVFRQ©XSRXUYRXVRIIULUGHVSHUIRUPDQFHV LUU«SURFKDEOHVSHQGDQWORQJWHPSVDYHFGHVWHFKQRORJLHVLQQRYDQWHVTXLVLPSOLILHQWOD YLHDXWDQWGHFDUDFW«ULVWLTXHVTXHYRXVQHWURXYHUH]SHXW¬WUHSDVVXUGHVDSSDUHLOV RUGLQDLUHV9HXLOOH]SUHQGUHTXHOTXHVLQVWDQWVSRXUOLUHFHWWHQRWLFHDILQG XWLOLVHUDXPLHX[ YRWUHDSSDUHLO 9LVLWH]QRWUHVLWH:HESRXU 2EWHQLUGHVFRQVHLOVG XWLOLVDWLRQGHVEURFKXUHVXQG«SDQQHXUGHVLQIRUPDWLRQV VXUOHVHUYLFHHWOHVU«SDUDWLRQV ZZZDHJFRPVXSSRUW (QUHJLVWUHUYRWUHSURGXLWSRXUXQPHLOOHXUVHUYLFH ZZZUHJLVWHUDHJFRP $FKHWHUGHVDFFHVVRLUHVGHVFRQVRPPDEOHVHWGHVSLªFHVGHUHFKDQJHG RULJLQH SRXUYRWUHDSSDUHLO ZZZDHJFRPVKRS 6(59,&((7$66,67$1&(/$&/,(17/( 8WLOLVH]WRXMRXUVGHVSLªFHVGHUHFKDQJHG RULJLQH $YDQWGHFRQWDFWHUQRWUHFHQWUHGHVHUYLFHDJU««DVVXUH]YRXVGHGLVSRVHUGHV LQIRUPDWLRQVVXLYDQWHV0RGªOH31&1XP«URGHV«ULH /HVLQIRUPDWLRQVVHWURXYHQWVXUODSODTXHVLJQDO«WLTXH $YHUWLVVHPHQW0LVHHQJDUGH,QIRUPDWLRQGHV«FXULW« ,QIRUPDWLRQVJ«Q«UDOHVHWFRQVHLOV ,QIRUPDWLRQVHQYLURQQHPHQWDOHV 6RXVU«VHUYHGHPRGLILFDWLRQV 7$%/('(60$7,5(6 ,1)250$7,21685/$6&85,7 6«FXULW«GHVHQIDQWVHWGHVSHUVRQQHVYXOQ«UDEOHV &RQVLJQHVJ«Q«UDOHVGHV«FXULW« &216,*1(6'(6&85,7 ,QVWDOODWLRQ 5DFFRUGHPHQW«OHFWULTXH 8WLOLVDWLRQ (QWUHWLHQHW1HWWR\DJH 1HWWR\DJHSDUS\URO\VH FODLUDJHLQW«ULHXU 0DLQWHQDQFH 0LVHDXUHEXW '(6&5,37,21'(/ $33$5(,/ 3U«VHQWDWLRQJ«Q«UDOH $FFHVVRLUHV &200(17$//80(5(77(,1'5(/()285 %DQGHDXGHFRPPDQGH $IILFKDJH $9$17/$35(0,5(87,/,6$7,21 3UHPLHUQHWWR\DJH 3UHPLHUUDFFRUGHPHQW &RQQH[LRQ:L)L 3U«FKDXIIDJHLQLWLDO 87,/,6$7,214827,',(11( &RPPHQWU«JOHU0RGHVGHFXLVVRQ &RPPHQWU«JOHU&XLVVRQDVVLVW«H 0RGHVGHFXLVVRQ 5HPDUTXHVVXU&KDOHXU7RXUQDQWH+XPLGH )21&7,216'(/ +25/2*( 'HVFULSWLRQGHVIRQFWLRQVGHOಬKRUORJH &RPPHQWU«JOHU)RQFWLRQVGHOಬKRUORJH &216(,/6' 87,/,6$7,21$&&(662,5(6 ,QVHUWLRQGHVDFFHVVRLUHV 8WLOLVDWLRQGHVUDLOVW«OHVFRSLTXHV 6RQGHGHFXLVVRQ )21&7,2166833/0(17$,5(6 &RPPHQWHQUHJLVWUHU0HVSURJUDPPHV $UU¬WDXWRPDWLTXH 9HQWLODWHXUGHUHIURLGLVVHPHQW 9HUURXLOODJHP«FDQLTXHGHODSRUWH &RPPHQWXWLOLVHU9HUURXLOODJHP«FDQLTXHGHODSRUWH &216(,/6 5HFRPPDQGDWLRQVGHFXLVVRQ &KDOHXU7RXUQDQWH+XPLGH 7$%/('(60$7,5(6 &KDOHXU7RXUQDQWH+XPLGHDFFHVVRLUHVUHFRPPDQG«V 7DEOHDX[GHFXLVVRQSRXUOHVLQVWLWXWVGHWHVWV (175(7,(1(71(772<$*( 5HPDUTXHVFRQFHUQDQWO HQWUHWLHQ &RPPHQWHQOHYHU6XSSRUWVGHJULOOH &RPPHQWXWLOLVHU1HWWR\DJHSDUS\URO\VH 1HWWR\DJHFRQVHLOO« &RPPHQWG«PRQWHUHWLQVWDOOHU3RUWH &RPPHQWUHPSODFHUFODLUDJH '3$11$*( 4XHIDLUHVLಹ &RPPHQWJ«UHU&RGHVG HUUHXU 'RQQ«HVGHPDLQWHQDQFH 5(1'(0(171(5*7,48( ,QIRUPDWLRQVSURGXLWHW)LFKHGಬLQIRUPDWLRQVSURGXLW FRQRPLHG «QHUJLH 6758&785('(60(186 0HQX 6RXVPHQXSRXU1HWWR\DJH 6RXVPHQXSRXU2SWLRQV 6RXVPHQXSRXU&RQQH[LRQV 6RXVPHQXSRXU&RQILJXUDWLRQ 6RXVPHQXSRXU6HUYLFH & (676,03/( 35(1(=815$&&285&, ,1)250$7,21685/$6&85,7 $YDQWG LQVWDOOHUHWG XWLOLVHUFHWDSSDUHLOOLVH]VRLJQHXVHPHQW OHVLQVWUXFWLRQVIRXUQLHV/HIDEULFDQWQHSRXUUD¬WUHWHQXSRXU UHVSRQVDEOHGHVEOHVVXUHVHWG«J¤WVU«VXOWDQWG XQHPDXYDLVH LQVWDOODWLRQRXXWLOLVDWLRQ&RQVHUYH]WRXMRXUVOHVLQVWUXFWLRQV GDQVXQOLHXV½UHWDFFHVVLEOHSRXUYRXV\U«I«UHU XOW«ULHXUHPHQW 6«FXULW«GHVHQIDQWVHWGHVSHUVRQQHV YXOQ«UDEOHV ವ ವ ವ ವ ವ ವ &HWDSSDUHLOSHXW¬WUHXWLOLV«SDUGHVHQIDQWV¤J«VG DX PRLQVDQVHWSDUGHVSHUVRQQHVD\DQWGHVFDSDFLW«V SK\VLTXHVVHQVRULHOOHVRXPHQWDOHVU«GXLWHVRXG«QX«HV GಬH[S«ULHQFHRXGHFRQQDLVVDQFHV LOVVRQWFRUUHFWHPHQW VXUYHLOO«VRXVLGHVLQVWUXFWLRQVUHODWLYHV¢O XWLOLVDWLRQGH O DSSDUHLOHQWRXWHV«FXULW«OHXURQW«W«GRQQ«HVHWVಬLOV FRPSUHQQHQWOHVULVTXHVHQFRXUXV/HVHQIDQWVGHPRLQVGH DQVHWOHVSHUVRQQHVD\DQWXQKDQGLFDSWUªVLPSRUWDQWHW FRPSOH[HGRLYHQW¬WUHWHQXV¢O «FDUWGHOಬDSSDUHLO¢PRLQV G ¬WUHVXUYHLOO«VHQSHUPDQHQFH 1HODLVVH]SDVOHVHQIDQWVMRXHUDYHFO DSSDUHLOHWOHV DSSDUHLOVPRELOHVDYHF0\$(*.LWFKHQ 1HODLVVH]SDVOHVHPEDOODJHV¢ODSRUW«HGHVHQIDQWVHW MHWH]OHVFRQYHQDEOHPHQW $9(57,66(0(177HQH]OHVHQIDQWVHWOHVDQLPDX[ «ORLJQ«VGHO DSSDUHLOORUVTX LOHVWHQFRXUVGH IRQFWLRQQHPHQWRXORUVTX LOUHIURLGLW/HVSDUWLHVDFFHVVLEOHV GHYLHQQHQWFKDXGHVHQFRXUVG XWLOLVDWLRQ 6LO DSSDUHLOHVW«TXLS«G XQGLVSRVLWLIGHV«FXULW«HQIDQWV QRXVYRXVUHFRPPDQGRQVGHO DFWLYHU /HQHWWR\DJHHWO HQWUHWLHQQHGRLYHQWSDV¬WUHHIIHFWX«VSDU GHVHQIDQWVVDQVVXUYHLOODQFH &RQVLJQHVJ«Q«UDOHVGHV«FXULW« ವ / DSSDUHLOGRLW¬WUHLQVWDOO«HWOHF¤EOHUHPSODF«XQLTXHPHQW SDUXQSURIHVVLRQQHOTXDOLIL« ,1)250$7,21685/$6&85,7 ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ $9(57,66(0(17/ DSSDUHLOHWVHVSDUWLHVDFFHVVLEOHV GHYLHQQHQWFKDXGVSHQGDQWVRQIRQFWLRQQHPHQW9HLOOH]¢ QHSDVWRXFKHUOHV«O«PHQWVFKDXIIDQWV 8WLOLVH]WRXMRXUVGHVJDQWVGHFXLVLQHSRXUUHWLUHURX HQIRXUQHUGHVDFFHVVRLUHVRXGHVSODWVDOODQWDXIRXU $YDQWG HIIHFWXHUXQHRS«UDWLRQGHPDLQWHQDQFH G«EUDQFKH]O DSSDUHLOGHODSULVHVHFWHXU $9(57,66(0(17$VVXUH]YRXVTXHO DSSDUHLOHVW«WHLQW HWG«EUDQFK«DYDQWGHUHPSODFHUO «FODLUDJHDILQG «YLWHUWRXW ULVTXHGHFKRF«OHFWULTXH 1 XWLOLVH]SDVO DSSDUHLODYDQWGHO DYRLULQVWDOO«GDQVOD VWUXFWXUHHQFDVWU«H 1 XWLOLVH]SDVGHQHWWR\HXUYDSHXUSRXUQHWWR\HUO DSSDUHLO 1 XWLOLVH]SDVGHSURGXLWVDEUDVLIVQLGHUDFORLUVSRLQWXVHQ P«WDOSRXUQHWWR\HUODSRUWHHQYHUUHFDULOVSHXYHQWUD\HUVD VXUIDFHFHTXLSHXWEULVHUOHYHUUH 6LOHF¤EOHG DOLPHQWDWLRQHVWHQGRPPDJ«LOGRLW¬WUH UHPSODF«SDUOHIDEULFDQWXQVHUYLFHGHPDLQWHQDQFHDJU«« RXXQWHFKQLFLHQTXDOLIL«DILQG «YLWHUWRXWGDQJHUOL«¢ O «OHFWULFLW« 5HWLUH]OHSOXVJURVGHVVDOLVVXUHVDYDQWOHQHWWR\DJHSDU S\URO\VH5HWLUH]WRXVOHVDFFHVVRLUHVGXIRXU 3RXUUHWLUHUOHVVXSSRUWVGHJULOOHWLUH]G DERUGVXUO DYDQWGH FHX[FLSXLVVXUO DUULªUHSRXUOHV«FDUWHUGHVSDURLV H[W«ULHXUHV5«LQVWDOOH]OHVVXSSRUWVGHJULOOHHQU«S«WDQW FHWWHSURF«GXUHGDQVO RUGUHLQYHUVH 8WLOLVH]XQLTXHPHQWODVRQGH¢YLDQGHUHFRPPDQG«HSRXU FHWDSSDUHLO &216,*1(6'(6&85,7 ,QVWDOODWLRQ $9(57,66(0(17 / DSSDUHLOGRLW¬WUHLQVWDOO«XQLTXHPHQWSDUXQSURIHVVLRQQHOTXDOLIL« ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ 5HWLUH]O LQW«JUDOLW«GHO HPEDOODJH 1 LQVWDOOH]SDVHWQHEUDQFKH]SDVXQDSSDUHLOHQGRPPDJ« 6XLYH]VFUXSXOHXVHPHQWOHVLQVWUXFWLRQVG LQVWDOODWLRQIRXUQLHVDYHFO DSSDUHLO 6R\H]WRXMRXUVYLJLODQWVORUVTXHYRXVG«SODFH]O DSSDUHLOFDULOHVWORXUG8WLOLVH]WRXMRXUV GHVJDQWVGHV«FXULW«HWGHVFKDXVVXUHVIHUP«HV 1HWLUH]MDPDLVO DSSDUHLOSDUODSRLJQ«H ,QVWDOOH]O DSSDUHLOGDQVXQOLHXV½UHWDGDSW«U«SRQGDQWDX[H[LJHQFHVG LQVWDOODWLRQ 5HVSHFWH]O HVSDFHPHQWPLQLPDOUHTXLVSDUUDSSRUWDX[DXWUHVDSSDUHLOVHW«O«PHQWV $YDQWGHPRQWHUOಬDSSDUHLOY«ULILH]VLODSRUWHGXIRXUVಬRXYUHVDQVUHWHQXH &HWDSSDUHLOHVW«TXLS«G XQV\VWªPHGHUHIURLGLVVHPHQW«OHFWULTXH,OGRLW¬WUHXWLOLV«ORUVTXH O DSSDUHLOHVWUDFFRUG«¢XQHSULVHVHFWHXU /DVWDELOLW«GHO «O«PHQWHQFDVWU«GRLW¬WUHFRQIRUPH¢ODQRUPH',1 +DXWHXUPLQLPDOHGXPHXEOH +DXWHXUPLQLPDOH GXPHXEOHVRXVOHSODQGHWUDYDLO /DUJHXUGXPHXEOH 3URIRQGHXUGXPHXEOH PP PP PP +DXWHXUGHOಬDYDQWGHOಬDSSDUHLO PP +DXWHXUGHOಬDUULªUHGHOಬDSSDUHLO PP /DUJHXUGHOಬDYDQWGHOಬDSSDUHLO PP /DUJHXUGHOಬDUULªUHGHOಬDSSDUHLO PP 3URIRQGHXUGHO DSSDUHLO PP 3URIRQGHXUGಬHQFDVWUHPHQWGHOಬDSSDUHLO PP 3URIRQGHXUDYHFSRUWHRXYHUWH PP 'LPHQVLRQVPLQLPDOHVGHOಬRXYHUWXUHGHYHQWLODಣ WLRQ2XYHUWXUHSODF«HVXUODSDUWLHLQI«ULHXUHGHOD IDFHDUULªUH [PP /RQJXHXUGXF¤EOHGಬDOLPHQWDWLRQVHFWHXU/HF¤ಣ EOHHVWSODF«GDQVOHFRLQGURLWGHODIDFHDUULªUH PP 9LVGHPRQWDJH [PP &216,*1(6'(6&85,7 5DFFRUGHPHQW«OHFWULTXH $9(57,66(0(17 5LVTXHG LQFHQGLHRXG «OHFWURFXWLRQ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ ವ 7RXVOHVUDFFRUGHPHQWV«OHFWULTXHVGRLYHQW¬WUHHIIHFWX«VSDUXQ«OHFWULFLHQTXDOLIL« /ಬDSSDUHLOGRLW¬WUHUHOL«¢ODWHUUH $VVXUH]YRXVTXHOHVSDUDPªWUHVILJXUDQWVXUODSODTXHVLJQDO«WLTXHFRUUHVSRQGHQWDX[ GRQQ«HV«OHFWULTXHVQRPLQDOHGHOಬDOLPHQWDWLRQVHFWHXU 8WLOLVH]WRXMRXUVXQHSULVHGHFRXUDQWGHV«FXULW«FRUUHFWHPHQWLQVWDOO«H 1 XWLOLVH]SDVG DGDSWDWHXUVPXOWLSULVHHWGHUDOORQJHV 9HLOOH]¢QHSDVHQGRPPDJHUODILFKHVHFWHXUQLOHF¤EOHG DOLPHQWDWLRQ/HUHPSODFHPHQW GXF¤EOHGಬDOLPHQWDWLRQGHOಬDSSDUHLOGRLW¬WUHHIIHFWX«SDUQRWUHVHUYLFHDSUªVYHQWHDJU«« 1HODLVVH]SDVOHVF¤EOHVG DOLPHQWDWLRQHQWUHUHQFRQWDFWRXV DSSURFKHUGHODSRUWHGH O DSSDUHLORXGHODQLFKHG HQFDVWUHPHQWVRXVO DSSDUHLOSDUWLFXOLªUHPHQWORUVTX LOHVWHQ PDUFKHRXTXHODSRUWHHVWFKDXGH /DSURWHFWLRQFRQWUHOHVFKRFVGHVSDUWLHVVRXVWHQVLRQHWLVRO«HVGRLW¬WUHIL[«HGHWHOOH PDQLªUHTX HOOHQHSXLVVHSDV¬WUHHQOHY«HVDQVRXWLOV 1HEUDQFKH]ODILFKHVHFWHXUGDQVODSULVHVHFWHXUTX ¢ODILQGHO LQVWDOODWLRQ$VVXUH]YRXV TXHODSULVHVHFWHXUHVWDFFHVVLEOHDSUªVO LQVWDOODWLRQ 6LODSULVHVHFWHXUHVWG«WDFK«HQHEUDQFKH]SDVODILFKHVHFWHXU 1HWLUH]SDVVXUOHF¤EOHVHFWHXUSRXUG«EUDQFKHUO DSSDUHLO7LUH]WRXMRXUVVXUODILFKHGHOD SULVHVHFWHXU 1 XWLOLVH]TXHGHVV\VWªPHVG LVRODWLRQDSSURSUL«VGHVFRXSHFLUFXLWVGHVIXVLEOHV OHV IXVLEOHV¢YLVVHUGRLYHQW¬WUHUHWLU«VGXVXSSRUW XQGLVMRQFWHXUGLII«UHQWLHOHWGHV FRQWDFWHXUV / LQVWDOODWLRQ«OHFWULTXHGRLWFRPSRUWHUXQGLVSRVLWLIG LVRODWLRQTXLYRXVSHUPHWGH G«FRQQHFWHUO DSSDUHLOGXVHFWHXU¢WRXVOHVS¶OHV/HGLVSRVLWLIG LVROHPHQWGRLWDYRLUXQH ODUJHXUG RXYHUWXUHGHFRQWDFWGHPPPLQLPXP )HUPH]ELHQODSRUWHGHO DSSDUHLODYDQWGHEUDQFKHUODILFKH¢ODSULVHVHFWHXU &HWDSSDUHLOHVWIRXUQLDYHFXQHILFKHG DOLPHQWDWLRQHWXQF¤EOHG DOLPHQWDWLRQ 8WLOLVDWLRQ $9(57,66(0(17 5LVTXHGHEOHVVXUHVGHEU½OXUHVG «OHFWURFXWLRQRXG H[SORVLRQ ವ ವ ವ ವ ವ ವ ವ ವ ವ &HWDSSDUHLOHVWH[FOXVLYHPHQWGHVWLQ«¢XQHXWLOLVDWLRQGRPHVWLTXH 1HPRGLILH]SDVOHVFDUDFW«ULVWLTXHVGHFHWDSSDUHLO $VVXUH]YRXVTXHOHVRULILFHVGHYHQWLODWLRQQHVRQWSDVERXFK«V 1HODLVVH]MDPDLVO DSSDUHLOVDQVVXUYHLOODQFHSHQGDQWVRQIRQFWLRQQHPHQW WHLJQH]O DSSDUHLODSUªVFKDTXHXWLOLVDWLRQ 6R\H]SUXGHQWORUVGHO RXYHUWXUHGHODSRUWHGHO DSSDUHLOORUVTXHFHOXLFLHVWHQ IRQFWLRQQHPHQW'HO DLUEU½ODQWSHXWV HQ«FKDSSHU 1 XWLOLVH]MDPDLVFHWDSSDUHLODYHFOHVPDLQVPRXLOO«HVRXORUVTX LOHVWHQFRQWDFWDYHFGH O HDX 1 H[HUFH]MDPDLVGHSUHVVLRQVXUODSRUWHRXYHUWH 1 XWLOLVH]MDPDLVO DSSDUHLOFRPPHSODQGHWUDYDLORXFRPPHSODQGHVWRFNDJH &216,*1(6'(6&85,7 ವ ವ ವ ವ 2XYUH]SUXGHPPHQWODSRUWHGHO DSSDUHLO6LYRXVXWLOLVH]GHVLQJU«GLHQWVFRQWHQDQWGH O DOFRROXQP«ODQJHG DOFRROHWG DLUIDFLOHPHQWLQIODPPDEOHSHXW«YHQWXHOOHPHQWVHIRUPHU 1HODLVVH]SDVGHV«WLQFHOOHVRXGHVIODPPHVQXHVHQWUHUHQFRQWDFWDYHFO DSSDUHLOORUVTXH YRXVRXYUH]ODSRUWH 1HSODFH]SDVGHSURGXLWVLQIODPPDEOHVRXG «O«PHQWVLPELE«VGHSURGXLWVLQIODPPDEOHV¢ O LQW«ULHXURX¢SUR[LPLW«GHO DSSDUHLOQLVXUFHOXLFL 1HSDUWDJH]SDVOHPRWGHSDVVHGHYRWUH:L)L $9(57,66(0(17 5LVTXHG HQGRPPDJHPHQWGHO DSSDUHLO ವ ವ ವ ವ ವ ವ 3RXU«YLWHUWRXWHQGRPPDJHPHQWRXG«FRORUDWLRQGHOಬ«PDLO ದ QHSRVH]SDVGHSODWVDOODQWDXIRXUQLDXFXQDXWUHREMHWGLUHFWHPHQWVXUOHIRQGGH O DSSDUHLO ದ QHSODFH]MDPDLVGHIHXLOOHVG DOXPLQLXPGLUHFWHPHQWVXUOHIRQGGHODFDYLW«GH O DSSDUHLO ದ QHYHUVH]MDPDLVG HDXGLUHFWHPHQWGDQVO DSSDUHLOORUVTX LOHVWFKDXG ದ XQHIRLVODFXLVVRQWHUPLQ«HQHODLVVH]MDPDLVG DOLPHQWVRXGHSODWVKXPLGHV¢ O LQW«ULHXUGHO DSSDUHLO ದ IDLWHVDWWHQWLRQORUVTXHYRXVUHWLUH]RXUHPHWWH]HQSODFHOHVDFFHVVRLUHV /DG«FRORUDWLRQGHO «PDLORXGHO DFLHULQR[\GDEOHHVWVDQVHIIHWVXUOHVSHUIRUPDQFHVGH O DSSDUHLO 8WLOLVH]XQSODW¢U¶WLUSRXUREWHQLUGHVJ¤WHDX[PRHOOHX[/HVMXVGHIUXLWVFDXVHQWGHV WDFKHVTXLSHXYHQW¬WUHSHUPDQHQWHV &HWDSSDUHLOHVWH[FOXVLYHPHQWGHVWLQ«¢XQXVDJHFXOLQDLUH1HO XWLOLVH]SDVSRXUGHV XVDJHVDXWUHVTXHFHOXLSRXUOHTXHOLOD«W«FRQ©X¢GHVILQVGHFKDXIIDJHSDUH[HPSOH /DSRUWHGXIRXUGRLWWRXMRXUV¬WUHIHUP«HSHQGDQWODFXLVVRQ 6LOಬDSSDUHLOHVWLQVWDOO«GHUULªUHODSDURLGಬXQPHXEOH SDUH[XQHSRUWH YHXLOOH]¢FHTXHOD SRUWHQHVRLWMDPDLVIHUP«HORUVTXHOಬDSSDUHLOIRQFWLRQQH/DFKDOHXUHWOಬKXPLGLW«SHXYHQW VಬDFFXPXOHUGHUULªUHODSRUWHIHUP«HGXPHXEOHHWSURYRTXHUGಬLPSRUWDQWVG«J¤WVVXU OಬDSSDUHLOYRWUHORJHPHQWRXOHVRO1HIHUPH]SDVODSDURLGXPHXEOHWDQWTXHOಬDSSDUHLOQಬD SDVUHIURLGLFRPSOªWHPHQW (QWUHWLHQHW1HWWR\DJH $9(57,66(0(17 5LVTXHGHEOHVVXUHG LQFHQGLHRXGHGRPPDJHVPDW«ULHOVVXUO DSSDUHLO ವ ವ ವ ವ ವ ವ ವ $YDQWWRXWHRS«UDWLRQG HQWUHWLHQ«WHLJQH]O DSSDUHLOHWG«EUDQFKH]ODILFKHGHODSULVH VHFWHXU 9«ULILH]TXHO DSSDUHLOHVWIURLG/HVSDQQHDX[GHYHUUHULVTXHQWGHVHEULVHU 5HPSODFH]LPP«GLDWHPHQWOHVYLWUHVGHODSRUWHVLHOOHVVRQWHQGRPPDJ«HV&RQWDFWH]OH VHUYLFHDSUªVYHQWHDJU«« 6R\H]SUXGHQWORUVTXHYRXVUHWLUH]ODSRUWHGHO DSSDUHLO/DSRUWHHVWORXUGH 1HWWR\H]U«JXOLªUHPHQWO DSSDUHLODILQGHPDLQWHQLUOHUHY¬WHPHQWHQERQ«WDW 1HWWR\H]O DSSDUHLODYHFXQFKLIIRQGRX[KXPLGH8WLOLVH]XQLTXHPHQWGHVSURGXLWVGHODYDJH QHXWUHV1 XWLOLVH]SDVGHSURGXLWVDEUDVLIVGHWDPSRQV¢U«FXUHUGHVROYDQWVQLG REMHWV P«WDOOLTXHV 6LYRXVXWLOLVH]XQVSUD\SRXUIRXUVXLYH]OHVFRQVLJQHVGHV«FXULW«ILJXUDQWVXUVRQ HPEDOODJH &216,*1(6'(6&85,7 1HWWR\DJHSDUS\URO\VH $9(57,66(0(17 5LVTXHGHEOHVVXUHVG LQFHQGLHG «PLVVLRQVFKLPLTXHV IXP«HV HQPRGHS\URO\VH ವ ವ ವ ವ ವ ವ ವ ವ $YDQWG XWLOLVHUODIRQFWLRQGHQHWWR\DJHSDUS\URO\VHRXODIRQFWLRQ3UHPLªUHXWLOLVDWLRQ UHWLUH]GHODFDYLW«GXIRXU ದ WRXWU«VLGXH[FHVVLIGHQRXUULWXUHWRXWG«S¶WRXWRXWH«FODERXVVXUHGHJUDLVVHRX G KXLOH ದ WRXWREMHWDPRYLEOH \FRPSULVOHVJULOOHVOHVUDLOVHWFIRXUQLVDYHFOHSURGXLW HQ SDUWLFXOLHUOHVU«FLSLHQWVSODWHDX[SODTXHVXVWHQVLOHVHWFDQWLDGK«VLIV /LVH]DWWHQWLYHPHQWWRXWHVOHVLQVWUXFWLRQVUHODWLYHVDXQHWWR\DJHSDUS\URO\VH 7HQH]OHVMHXQHV«ORLJQ«VGHO DSSDUHLOORUVTXHOHQHWWR\DJHSDUS\URO\VHHVWHQFRXUV / DSSDUHLOGHYLHQWWUªVFKDXGHWGHO DLUFKDXGV «FKDSSHGHVIHQWHVG D«UDWLRQDYDQW /HQHWWR\DJHSDUS\URO\VHHVWXQSURFHVVXV¢KDXWHWHPS«UDWXUHTXLSHXWG«JDJHUGHOD IXP«HSURYHQDQWGHVU«VLGXVDOLPHQWDLUHVHWGHVPDW«ULDX[GRQWHVWIDLWOHIRXU3DU FRQV«TXHQWQRXVUHFRPPDQGRQV¢QRVFOLHQWVGHVXLYUHOHVFRQVHLOVFLGHVVRXV ದ DVVXUH]YRXVTXHODYHQWLODWLRQGHO DSSDUHLOHVWDG«TXDWHSHQGDQWHWDSUªVFKDTXH SKDVHGHQHWWR\DJHSDUS\URO\VH ದ DVVXUH]YRXVTXHODYHQWLODWLRQGHO DSSDUHLOHVWDG«TXDWHSHQGDQWHWDSUªVODSUHPLªUH XWLOLVDWLRQ¢WHPS«UDWXUHPD[LPDOH &RQWUDLUHPHQWDX[KXPDLQVFHUWDLQVRLVHDX[HWUHSWLOHVVRQWH[WU¬PHPHQWVHQVLEOHVDX[ IXP«HVSRXYDQWVHG«JDJHUORUVGXSURFHVVXVGHQHWWR\DJHGHVIRXUV¢S\URO\VH ದ 1HODLVVH]DXFXQDQLPDOHQSDUWLFXOLHUDXFXQRLVHDX¢SUR[LPLW«GHO DSSDUHLOSHQGDQW HWDSUªVXQQHWWR\DJHSDUS\URO\VHODSUHPLªUHIRLVXWLOLVH]ODWHPS«UDWXUHGH IRQFWLRQQHPHQWPD[LPDOHGDQVXQHSLªFHELHQYHQWLO«H /HVDQLPDX[GHSHWLWHWDLOOHSHXYHQW«JDOHPHQW¬WUHWUªVVHQVLEOHVDX[FKDQJHPHQWVGH WHPS«UDWXUHVXUYHQDQW¢SUR[LPLW«G XQIRXU¢S\URO\VHORUVTXHOHSURFHVVXVGHQHWWR\DJH HVWHQFRXUV /HVVXUIDFHVDQWLDGK«VLYHVGHVXVWHQVLOHVGHFXLVLQH SR¬OHVFDVVHUROHVSODTXHVGH FXLVVRQHWF SHXYHQW¬WUHHQGRPPDJ«HVSDUODWUªVKDXWHWHPS«UDWXUHQ«FHVVDLUHDX QHWWR\DJHSDUS\URO\VHHWSHXYHQW«JDOHPHQWG«JDJHUGDQVXQHPRLQGUHPHVXUHGHV IXP«HVQRFLYHV /HVIXP«HVG«JDJ«HVSDUOHVIRXUV¢S\URO\VHOHVU«VLGXVGHFXLVVRQVRQWG«FULWHVFRPPH «WDQWQRQQRYLFHVSRXUOHV¬WUHVKXPDLQV\FRPSULVSRXUOHVHQIDQWVHWOHVSHUVRQQHV¢OD VDQW«IUDJLOH FODLUDJHLQW«ULHXU $9(57,66(0(17 5LVTXHG «OHFWURFXWLRQ ವ ವ &RQFHUQDQWODOHVODPSH V ¢OಬLQW«ULHXUGHFHSURGXLWHWOHVODPSHVGHUHFKDQJHYHQGXHV V«SDU«PHQW&HVODPSHVVRQWFRQ©XHVSRXUU«VLVWHU¢GHVFRQGLWLRQVSK\VLTXHVH[WU¬PHV GDQVOHVDSSDUHLOV«OHFWURP«QDJHUVWHOOHVTXHODWHPS«UDWXUHOHVYLEUDWLRQVOಬKXPLGLW«RX VRQWFRQ©XHVSRXUVLJQDOHUGHVLQIRUPDWLRQVVXUOHVWDWXWRS«UDWLRQQHOGHOಬDSSDUHLO(OOHVQH VRQWSDVGHVWLQ«HV¢¬WUHXWLOLV«HVGDQVG DXWUHVDSSOLFDWLRQVHWQHFRQYLHQQHQWSDV¢ Oಬ«FODLUDJHGHVSLªFHVGಬXQORJHPHQW 8WLOLVH]XQLTXHPHQWGHVDPSRXOHVD\DQWOHVP¬PHVVS«FLILFDWLRQV &216,*1(6'(6&85,7 0DLQWHQDQFH ವ ವ 3RXUU«SDUHUO DSSDUHLOFRQWDFWH]XQVHUYLFHDSUªVYHQWHDJU«« 8WLOLVH]H[FOXVLYHPHQWGHVSLªFHVG RULJLQH 0LVHDXUHEXW $9(57,66(0(17 5LVTXHGHEOHVVXUHRXG DVSK\[LH ವ ವ ವ '«EUDQFKH]O DSSDUHLOGHO DOLPHQWDWLRQ«OHFWULTXH &RXSH]OHF¤EOHG DOLPHQWDWLRQDXUDVGHO DSSDUHLOHWPHWWH]OHDXUHEXW 5HWLUH]OHGLVSRVLWLIGHYHUURXLOODJHGXKXEORWSRXUHPS¬FKHUOHVHQIDQWVHWOHVDQLPDX[GH V HQIHUPHUGDQVO DSSDUHLO '(6&5,37,21'(/ $33$5(,/ 3U«VHQWDWLRQJ«Q«UDOH 1 2 %DQGHDXGHFRPPDQGH $IILFKDJH 3 4 5 5 4 8 3 6 2 5«VLVWDQFH FODLUDJH &KDOHXUWRXUQDQWH 6XSSRUWGHJULOOHDPRYLEOH 1LYHDX[GHODJULOOH 1 7 $FFHVVRLUHV *ULOOHP«WDOOLTXH 3RXUOHVSODWV¢U¶WL¢JUDWLQHWOHVPRXOHV¢ J¤WHDXS¤WLVVHULH 3ODWHDXGHFXLVVRQ 3RXUOHVJ¤WHDX[HWOHVELVFXLWV 3ODW¢U¶WLU 3RXUFXLUHHWU¶WLURX¢XWLOLVHUFRPPHSODWSRXU UHFXHLOOLUODJUDLVVH 3ULVHSRXUODVRQGH¢YLDQGH '(6&5,37,21'(/ $33$5(,/ 6RQGHGHFXLVVRQ 3RXUPHVXUHUODWHPS«UDWXUH¢O LQW«ULHXUGHV DOLPHQWV 5DLOVW«OHVFRSLTXHV 3RXULQV«UHUHWUHWLUHUOHVSODWHDX[HWJULOOHV P«WDOOLTXHVSOXVIDFLOHPHQW &200(17$//80(5(77(,1'5(/()285 %DQGHDXGHFRPPDQGH 1 2 3 4 5 6 $OOXP«WHLQW $SSX\H]HWPDLQWHQH]HQIRQF«SRXUDOOXPHUHW«WHLQGUHOHIRXU $IILFKDJH $IILFKHOHVU«JODJHVDFWXHOVGXIRXU 0DQHWWHURWDWLYH 3RXUXWLOLVHUOHIRXU 3RXUDFWLYHUODIRQFWLRQV«OHFWLRQQ«H 3RXUG«VDFWLYHUODIRQFWLRQV«OHFWLRQQ«H $SSX\HU $SSX\H]VXU 0DLQWHQLUHWWRXUQHU 3RXUDOOXPHUO «FUDQSULQFLSDO 3RXUFRQILUPHUXQU«JODJHRX DFF«GHUDXVRXVPHQXV«OHFಣ WLRQQ« 3RXUDMXVWHUOHVU«JODJHVHW QDYLJXHUGDQVOHPHQX $IILFKDJH 12:30 200°C $SUªVDYRLUDOOXP«OಬDSSDUHLOOಬ«FUDQSULQFLSDO VಬDIILFKHDYHFOHPRGHGHFXLVVRQHWODWHPS«ಣ UDWXUHSDUG«IDXW &200(17$//80(5(77(,1'5(/()285 6LYRXVQಬXWLOLVH]SDVOHIRXUGDQVOHVPLQXWHV TXLVXLYHQWOಬDIILFKDJHVHPHWHQYHLOOH 09:37 12:30 /RUVTXHYRXVFXLVLQH]OಬDIILFKDJHLQGLTXHOHV IRQFWLRQVG«ILQLHVHWGಬDXWUHVRSWLRQVGLVSRQLಣ EOHV C /ಬDIILFKDJHDYHFOHQRPEUHPD[LPDOGHIRQFಣ WLRQVU«JO«HV $ :L)L XQLTXHPHQWVXUFHUWDLQVPRGªOHV % ,QIRUPDWLRQ & +HXUHDFWXHOOH ' 0HQX ( 7HPS«UDWXUH ) 0RGHVGHFXLVVRQ * 5«JODJHVPLQXWHXU + 0LQXWHXU , 6RQGHGHFXLVVRQ XQLTXHPHQWVXUFHUಣ WDLQVPRGªOHV 60°C 200°C A B 12:30 100°C 85°C Menu 25min I H G D F E 9R\DQWVGHOൄDIILFKDJH 6RQDODUPHLQGLFDWHXUVGHIRQFWLRQORUVTXHODGXU«HGHFXLVVRQSURJUDPP«HVಬHVW«FRXO«HOH VLJQDOVRQRUHUHWHQWLW /DIRQFWLRQHVWDFWLY«H /DIRQFWLRQHVWDFWLY«H /DFXLVVRQVಬDUU¬WHDXWRPDWLTXHಣ PHQW /ಬDODUPHVRQRUHHVWG«VDFWLY«H ,QGLFDWHXUVGXPLQXWHXU /HPLQXWHXUG«PDUUHXOಣ W«ULHXUHPHQW /HPLQXWHXUG«ಣ PDUUHGªVTXH YRXVUHIHUPH]OD SRUWHGXIRXU 3RXUDQQXOHU OHU«JODJH /HPLQXWHXU G«PDUUHORUVಣ TXHOHIRXUDWಣ WHLQWODWHPS«ಣ UDWXUHSURಣ JUDPP«H /HPLQXWHXU G«PDUUH TXDQGOD FXLVVRQFRPಣ PHQFH ,QGLFDWHXUVGHIRQFWLRQGHODSRUWH &200(17$//80(5(77(,1'5(/()285 /DSRUWHGXIRXUHVWYHUURXLOO«H :L)LLQGLFDWHXUOHIRXUSHXW¬WUHFRQQHFW«DX:L)L :L)LODFRQQH[LRQHVWDFWLY«H $9$17/$35(0,5(87,/,6$7,21 $9(57,66(0(17 5HSRUWH]YRXVDX[FKDSLWUHVFRQFHUQDQWODV«FXULW« 3UHPLHUQHWWR\DJH WDSH WDSH WDSH 5HWLUH]OHVVXSSRUWVGHJULOOH DPRYLEOHVHWWRXVOHVDFFHVಣ VRLUHVGXIRXU 1HWWR\H]OHIRXUHWOHVDFFHVಣ VRLUHVDYHFXQFKLIIRQGRX[ GHOಬHDXWLªGHHWXQG«WHUJHQW GRX[ 3ODFH]OHVDFFHVVRLUHVHWOHV VXSSRUWVGHJULOOHDPRYLEOHV GDQVOHIRXU 3UHPLHUUDFFRUGHPHQW /ಬDIILFKDJHLQGLTXHXQPHVVDJHG DFFXHLODSUªVOHSUHPLHUUDFFRUGHPHQW 9RXVGHYH]G«ILQLU/DQJXH$IILFKDJH/XPLQRVLW«9ROXPHDODUPH+HXUHDFWXHOOHFRQQH[LRQ VDQVILO &RQQH[LRQ:L)L 3RXUFRQQHFWHUOHIRXUYRXVDYH]EHVRLQ ವ G XQU«VHDXVDQVILODYHFFRQQH[LRQ¢,QWHUQHW ವ G XQDSSDUHLOPRELOHFRQQHFW«DXU«VHDXVDQVILO 7«O«FKDUJH]OಬDSSOLFDWLRQPRELOHHWVXLYH]OHVLQVWUXFWLRQVSRXUOHV«WDSHVVXLYDQWHV WDSH $OOXPH]OHIRXU WDSH 6«OHFWLRQQH]0HQX&RQILJXUDWLRQV&RQQH[LRQV WDSH 6«OHFWLRQQH]:L)L$SSX\H]VXUODPDQHWWH WDSH &KRLVLVVH]OHU«VHDXVDQVILODYHFODFRQQH[LRQ,QWHUQHW/HPRGXOHVDQVILOGXIRXU G«PDUUHGDQVOHVV 3UHQH]XQUDFFRXUFL MENU ON $9$17/$35(0,5(87,/,6$7,21 )U«TXHQFH *+]:/$1 0+] 3URWRFROH ,(((E'666JQ2)'0 3XLVVDQFHPD[ (,53G%P P: 3U«FKDXIIDJHLQLWLDO 3U«FKDXIIH]OHIRXU¢YLGHDYDQWGHO XWLOLVHUSRXUODSUHPLªUHIRLV WDSH 5HWLUH]OHVVXSSRUWVGHJULOOHDPRYLEOHVHWWRXVOHVDFFHVVRLUHVGXIRXU WDSH 5«JOH]ODWHPS«UDWXUHPD[LPDOHSRXUODIRQFWLRQ /DLVVH]OHIRXUIRQFWLRQQHUSHQGDQWKHXUH WDSH 5«JOH]ODWHPS«UDWXUHPD[LPDOHSRXUODIRQFWLRQ /DLVVH]OHIRXUIRQFWLRQQHUSHQGDQWPLQXWHV 8QHRGHXUHWGHODIXP«HSHXYHQWV «FKDSSHUGXIRXUGXUDQWOHSU«FKDXIIDJH$VVXUH]YRXV TXHODSLªFHHVWYHQWLO«H 87,/,6$7,214827,',(11( $9(57,66(0(17 5HSRUWH]YRXVDX[FKDSLWUHVFRQFHUQDQWODV«FXULW« &RPPHQWU«JOHU0RGHVGHFXLVVRQ WDSH $OOXPH]OHIRXU WDSH 0DLQWHQH]ODPDQHWWHHQIRQF«H/HVPRGHVGHFXLVVRQSDUG«IDXWV DIILFKHQW WDSH 6«OHFWLRQQH]OHV\PEROHGXPRGHGHFXLVVRQHWDSSX\H]VXUODPDQHWWHSRXUDFF«ಣ GHUDXVRXVPHQX WDSH 6«OHFWLRQQH]OHPRGHGHFXLVVRQHWDSSX\H]VXUODPDQHWWH WDSH 6«OHFWLRQQH] $SSX\H]VXUODPDQHWWH /HVU«JODJHVGHODWHPS«UDWXUHV DIILFKHQW WDSH 7RXUQH]HWDSSX\H]VXUODPDQHWWHSRXUU«JOHUODWHPS«UDWXUH WDSH $SSX\H]VXU 6RQGHGHFXLVVRQYRXVSRXYH]EUDQFKHUODVRQGH¢WRXWPRPHQWDYDQWRXSHQಣ GDQWODFXLVVRQ DSSX\H]SRXUG«VDFWLYHUOHPRGHGHFXLVVRQ WDSH WHLJQH]OHIRXU 3UHQH]XQUDFFRXUFL &RPPHQWU«JOHU&XLVVRQDVVLVW«H &KDTXHSODWDSSDUDLVVDQWGDQVFHVRXVPHQXDXQHIRQFWLRQHWXQHWHPS«UDWXUH UHFRPPDQG«HV9RXVSRXYH]U«JOHUOHWHPSVHWODWHPS«UDWXUH 3RXUFHUWDLQVSODWVYRXVSRXYH]«JDOHPHQWU«DOLVHUODFXLVVRQDYHF ವ &XLVVRQSDUOHSRLGV ವ 6RQGHGHFXLVVRQ /HQLYHDXGHFXLVVRQGXSODW ವ 6DLJQDQWRX0RLQV ವ SRLQW ವ %LHQFXLWRX3OXV 87,/,6$7,214827,',(11( WDSH $OOXPH]OHIRXU WDSH 6«OHFWLRQQH]0HQX$SSX\H]VXUODPDQHWWH WDSH 6«OHFWLRQQH]&XLVVRQDVVLVW«H$SSX\H]VXUODPDQHWWH WDSH &KRLVLVVH]XQSODWRXXQW\SHGಬDOLPHQWHWDSSX\H]VXUODPDQHWWHSRXUFRQILUPHU WDSH $SSX\H]VXU 3UHQH]XQUDFFRXUFL MENU 0RGHVGHFXLVVRQ 0RGHVGHFXLVVRQVWDQGDUG 0RGHGHFXLVVRQ $SSOLFDWLRQ 3RXUIDLUHJULOOHUGHVDOLPHQWVSHX«SDLVHWGXSDLQ *ULO 3RXUU¶WLUGHJURVVHVSLªFHVGHYLDQGHRXGHYRODLOOHDYHFRVVXUXQVHXO QLYHDXJDOHPHQWSRXUJUDWLQHUHWIDLUHGRUHU 7XUERJULO &KDOHXUWRXUQDQWH 3RXUIDLUHFXLUHVXUQLYHDX[HQP¬PHWHPSVHWSRXUG«VK\GUDWHUGHV DOLPHQWV'LPLQXH]OHVWHPS«UDWXUHVGXIRXUGH¢r&SDUUDSSRUW¢ OD&KDXIIDJH+DXW%DV 3RXUUHQGUHFURXVWLOODQWVYRVSODWVSU«SDU«VWHOVTXHIULWHVSRWDWRHV QHPVHWF 3ODWV6XUJHO«V 3RXUFXLUHHWU¶WLUGHVDOLPHQWVVXUXQVHXOQLYHDX &KDXIIDJH +DXW%DV 87,/,6$7,214827,',(11( 0RGHGHFXLVVRQ $SSOLFDWLRQ 3RXUFXLUHGHVSL]]DV3RXUGRUHUGHID©RQLQWHQVLYHHWREWHQLUXQIRQG FURXVWLOODQW )RQFWLRQ3L]]D 3RXUFXLUHGHVJ¤WHDX[¢IRQGFURXVWLOODQWHWSRXUVW«ULOLVHUGHVDOLPHQWV &KDXIIDJHLQI«ULHXU 0RGHVGHFXLVVRQVS«FLDX[ 0RGHGHFXLVVRQ $SSOLFDWLRQ 3RXUIDLUHGHVFRQVHUYHVGHO«JXPHV DXYLQDLJUHHWF 6W«ULOLVDWLRQ 3RXUG«VK\GUDWHUGHVIUXLWVGHVO«JXPHVHWGHVFKDPSLJQRQVHQWUDQಣ FKHV '«VK\GUDWDWLRQ 3RXUSU«FKDXIIHUYRVDVVLHWWHVDYDQWGHOHVVHUYLU &KDXIIHSODWV 3RXUDFF«O«UHUODOHY«HGHODS¤WH(OOHHPS¬FKHODVXUIDFHGHODS¤WHGH V«FKHUHWOXLSHUPHWGHJDUGHUWRXWHVRQ«ODVWLFLW« /HY«HGHS¤WHSDLQ 3RXUG«FRQJHOHUGHVDOLPHQWV IUXLWVHWO«JXPHV /HWHPSVGHG«FRQJ«ODಣ WLRQG«SHQGGHODTXDQWLW«HWGHO «SDLVVHXUGHVDOLPHQWVVXUJHO«V '«FRQJ«ODWLRQ 3RXUGHVSODWVWHOVTXHGHVODVDJQHVRXXQJUDWLQGHSRPPHVGHWHUUH JDOHPHQWSRXUJUDWLQHUHWIDLUHGRUHU *UDWLQHU 3RXUSU«SDUHUGHVU¶WLVWHQGUHVHWMXWHX[ &XLVVRQEDVVH WHPS«UDWXUH 87,/,6$7,214827,',(11( 0RGHGHFXLVVRQ $SSOLFDWLRQ 3RXUPDLQWHQLUOHVDOLPHQWVDXFKDXG 0DLQWLHQDXFKDXG &KDOHXU7RXUQDQWH +XPLGH &XLVVRQGXSDLQ &HWWHIRQFWLRQHVWFRQ©XHSRXU«FRQRPLVHUGHO «QHUJLHHQFRXUVGHFXLVಣ VRQ/RUVTXHYRXVXWLOLVH]FHWWHIRQFWLRQODWHPS«UDWXUH¢O LQW«ULHXUGHOD FDYLW«SHXWGLII«UHUGHODWHPS«UDWXUHV«OHFWLRQQ«H/DFKDOHXUU«VLGXHOOH HVWXWLOLV«H/DSXLVVDQFHSHXW¬WUHU«GXLWH3RXUSOXVGಬLQIRUPDWLRQVFRQಣ VXOWH]OHFKDSLWUHm8WLOLVDWLRQTXRWLGLHQQH}5HPDUTXHVVXU&KDOHXU 7RXUQDQWH+XPLGH 8WLOLVH]FHWWHIRQFWLRQSRXUSU«SDUHUGHWUªVERQVSDLQVHWSHWLWVSDLQVHW REWHQLUXQH[FHOOHQWU«VXOWDWSURIHVVLRQQHOHQPDWLªUHGHFURXVWLOODQWGH FRXOHXUHWGHEULOODQFHGHODFUR½WH 5HPDUTXHVVXU&KDOHXU7RXUQDQWH+XPLGH &HWWHIRQFWLRQ«WDLWXWLOLV«HSRXUVHFRQIRUPHU¢ODFODVVHG HIILFDFLW««QHUJ«WLTXHHWDX[ H[LJHQFHVGಬ«FRFRQFHSWLRQVHORQOHVQRUPHV(8HW(87HVWVFRQIRUP«PHQW ¢ODQRUPH(1 3HQGDQWODFXLVVRQODSRUWHGXIRXUGRLWUHVWHUIHUP«HSRXU«YLWHUG LQWHUURPSUHODIRQFWLRQHW SRXUXQIRQFWLRQQHPHQWDYHFODPHLOOHXUHHIILFDFLW««QHUJ«WLTXHSRVVLEOH /RUVTXHYRXVXWLOLVH]FHWWHIRQFWLRQO «FODLUDJHV «WHLQWDXWRPDWLTXHPHQWDXERXWGH VHFRQGHV 3RXUREWHQLUGHVLQVWUXFWLRQVGHFXLVVRQUHSRUWH]YRXVDXFKDSLWUHm&RQVHLOV}SDUDJUDSKH &KDOHXU7RXUQDQWH+XPLGH3RXUREWHQLUGHVUHFRPPDQGDWLRQVJ«Q«UDOHVVXUOHV«FRQRPLHV G «QHUJLHFRQVXOWH]OHFKDSLWUHm(IILFDFLW««QHUJ«WLTXHm)RXUFRQRPLHG «QHUJLH} )21&7,216'(/ +25/2*( 'HVFULSWLRQGHVIRQFWLRQVGHOൄKRUORJH )RQFWLRQVGHO KRUOR഻ JH $SSOLFDWLRQ +HXUHGHFXLVVRQ 3RXUG«ILQLUODGXU«HGHODFXLVVRQ/HPD[LPXPHVWGHKPLQ &RQGLWLRQVGHVWDUW 3RXUSURJUDPPHUTXDQGOHPLQXWHXUDG«PDUU«OHG«FRPSWH )LQGHO DFWLRQ 3RXUSURJUDPPHUOಬDFWLRQ¢ODILQGXG«FRPSWHGXPLQXWHXU '«PDUUDJHUHWDUG« 3RXUUHSRUWHUOHG«EXWHWRXODILQGHODFXLVVRQ 3URORQJDWLRQGHODGXಣ U«H 3RXUSURORQJHUOHWHPSVGHFXLVVRQ 5DSSHO 3RXUU«JOHUXQG«FRPSWH/HPD[LPXPHVWGHKPLQ&HWWHIRQFಣ WLRQHVWVDQVHIIHWVXUOHIRQFWLRQQHPHQWGXIRXU &RQGLWLRQVGH VWDUW &RPPHQWDLUH /HPLQXWHXUG«PDUUHORUVTXHYRXVO DFWLYH] /HPLQXWHXUG«PDUUHGªVTXHYRXVUHIHUPH]ODSRUWH /HPLQXWHXUG«PDUUHTXDQGODFXLVVRQFRPPHQFH /HPLQXWHXUG«PDUUHORUVTXHOHIRXUDWWHLQWODWHPS«UDWXUHSURJUDPP«H /HPLQXWHXUG«PDUUH¢XQHKHXUHVS«FLILTXH &RPPHQWU«JOHU)RQFWLRQVGHOൄKRUORJH &RPPHQWU«JOHUO KRUORJH WDSH 6«OHFWLRQQH]+HXUHDFWXHOOH$SSX\H]VXUODPDQHWWH WDSH 7RXUQH]ODPDQHWWHSRXUU«JOHUO KRUORJH$SSX\H]VXUODPDQHWWH )21&7,216'(/ +25/2*( &RPPHQWU«JOHUOHWHPSVGHFXLVVRQ WDSH 6«OHFWLRQQH]XQPRGHGHFXLVVRQHWU«JOH]ODWHPS«UDWXUH WDSH 6«OHFWLRQQH]0LQXWHXU WDSH 7RXUQH]ODPDQHWWHSRXUU«JOHUODGXU«H$SSX\H]VXUODPDQHWWH WDSH 6«OHFWLRQQH])LQGHO DFWLRQ$SSX\H]VXUODPDQHWWH /HPLQXWHXUFRPPHQFHVRQG«FRPSWHLPP«GLDWHPHQW 3UHQH]XQUDFFRXUFL &RPPHQWFKRLVLUXQHRSWLRQGHG«EXWILQGHFXLVVRQ WDSH &KRLVLVVH]XQPRGHGHFXLVVRQHWU«JOH]ODWHPS«UDWXUH WDSH 6«OHFWLRQQH] WDSH 6«OHFWLRQQH]&RQGLWLRQVGHVWDUW$SSX\H]VXUODPDQHWWH WDSH 6«OHFWLRQQH])LQGHO DFWLRQ$SSX\H]VXUODPDQHWWH $SSX\H]VXUODPDQHWWH &RPPHQWGLII«UHUOHG«EXWHWODILQGHODFXLVVRQ WDSH 6«OHFWLRQQH] WDSH 6«OHFWLRQQH]&RQGLWLRQVGHVWDUW3OXVWDUG$SSX\H]VXUODPDQHWWH WDSH 7RXUQH]ODPDQHWWHSRXUU«JOHUO KHXUHGHG«EXWGHFXLVVRQ$SSX\H]VXUODPDQHWWH WDSH 7RXUQH]ODPDQHWWHSRXUU«JOHUODILQGHFXLVVRQ$SSX\H]VXUODPDQHWWH WDSH 6«OHFWLRQQH])LQGHO DFWLRQ$SSX\H]VXUODPDQHWWH $SSX\H]VXUODPDQHWWH )21&7,216'(/ +25/2*( &RPPHQWGLII«UHUOHG«SDUWVDQVU«JOHUGHILQGHODFXLVVRQ WDSH 6«OHFWLRQQH] WDSH 6«OHFWLRQQH]&RQGLWLRQVGHVWDUW3OXVWDUG WDSH 7RXUQH]ODPDQHWWHSRXUU«JOHUO KHXUHGHG«EXWGHFXLVVRQ$SSX\H]GHX[IRLVVXUOD PDQHWWHSRXUFRQILUPHU $SSX\H]VXUODPDQHWWH &RPPHQWSURORQJHUOHWHPSVGHFXLVVRQ 6 LOQHUHVWHTXHGXWHPSVGHFXLVVRQHWTXHOHVDOLPHQWVQHVHPEOHQWWRXMRXUVSDVFXLWV YRXVSRXYH]UDOORQJHUOHWHPSVGHFXLVVRQ9RXVSRXYH]«JDOHPHQWFKDQJHUGHIRQFWLRQGXIRXU WDSH 6«OHFWLRQQH]0LQXWHXU WDSH 6«OHFWLRQQH]OHV\PEROHGHWHPSVSU«I«U«SRXUUDOORQJHUOHWHPSVGHFXLVVRQHWDSಣ SX\H]VXUODPDQHWWHSRXUFRQILUPHU WDSH 9RXVSRXYH]«JDOHPHQWV«OHFWLRQQHUOHPRGHGHFXLVVRQSU«I«U«HWDSSX\HUVXUOD PDQHWWHSRXUOHPRGLILHU &216(,/6' 87,/,6$7,21$&&(662,5(6 ,QVHUWLRQGHVDFFHVVRLUHV 8QHSHWLWHLQGHQWDWLRQVXUOHGHVVXVDSSRUWHSOXVGHV«FXULW«/HVLQGHQWDWLRQVVRQW«JDOHPHQW GHVGLVSRVLWLIVDQWLEDVFXOH/HUHERUG«OHY«GHODJULOOHHPS¬FKHOHVXVWHQVLOHVGHFXLVLQHGH JOLVVHU *ULOOHP«WDOOLTXH 3RXVVH]ODJULOOHHQWUHOHVEDUUHVGHJXLGDಣ JHGHVVXSSRUWVGHJULOOH 3ODWHDXGHFXLVVRQ3ODW¢U¶WLU 3RXVVH]OHSODWHDXHQWUHOHVUDLOVGXVXSಣ SRUWGHJULOOH *ULOOHP«WDOOLTXH3ODWHDXGHFXLVVRQ 3ODW¢U¶WLU 3RXVVH]OHSODWHDXHQWUHOHVUDLOVGXVXSಣ SRUWGHJULOOHHWJOLVVH]ODJULOOHP«WDOOLTXH HQWUHOHVUDLOVVHWURXYDQWMXVWHDXGHVVXV 8WLOLVDWLRQGHVUDLOVW«OHVFRSLTXHV 1HOXEULILH]SDVOHVUDLOVW«OHVFRSLTXHV $VVXUH]YRXVG DYRLUSRXVV«FRPSOªWHPHQWOHVUDLOVW«OHVFRSLTXHVGDQVOHIRXUDYDQWGHIHUPHU ODSRUWHGXIRXU &216(,/6' 87,/,6$7,21$&&(662,5(6 *ULOOHP«WDOOLTXH 3RVH]ODJULOOHP«WDOOLTXHVXUOHVUDLOVW«OHಣ VFRSLTXHV 3ODW¢U¶WLU 3RVH]OHSODW¢U¶WLUVXUOHVUDLOVW«OHVFRSLಣ TXHV *ULOOHP«WDOOLTXHHWSODW¢U¶WLUHQVHP഻ EOH 3RVH]ODJULOOHP«WDOOLTXHHWOHSODW¢U¶WLU HQVHPEOHVXUOHVUDLOVW«OHVFRSLTXHV 6RQGHGHFXLVVRQ 6RQGHGHFXLVVRQPHVXUHODWHPS«UDWXUH¢O LQW«ULHXUGHVDOLPHQWV9RXVSRXYH]OಬXWLOLVHUDYHF WRXVOHVPRGHVGHFXLVVRQ 9RXVGHYH]U«JOHUGHX[WHPS«UDWXUHV /DWHPS«UDWXUHGXIRXUPLQLPXPr& /DWHPS«UDWXUH¢FĕXU 3RXUREWHQLUOHVPHLOOHXUVU«VXOWDWVGHFXLVVRQ /HVLQJU«GLHQWVGRLYHQW¬WUH ¢WHPS«UDWXUHDPELDQWH 1HOಬXWLOLVH]SDVSRXUGHV SODWVOLTXLGHV 3HQGDQWODFXLVVRQLOGRLWUHVWHU GDQVOHSODW &216(,/6' 87,/,6$7,21$&&(662,5(6 /HIRXUFDOFXOHXQHKHXUHGHILQGHFXLVVRQDSSUR[LPDWLYH(OOHG«SHQGGHODTXDQWLW« G DOLPHQWVGHODIRQFWLRQGXIRXUHWGHODWHPS«UDWXUHV«OHFWLRQQ«HV &RPPHQWXWLOLVHU6RQGHGHFXLVVRQ WDSH $OOXPH]OHIRXU WDSH 5«JOH]OHPRGHGHFXLVVRQHWVLQ«FHVVDLUHODWHPS«UDWXUHGXIRXU WDSH ,QV«UH]6RQGHGHFXLVVRQ 9LDQGHYRODLOOHHWSRLVVRQ ,QV«UH]ODSRLQWHGHODVRQGHGHFXLVVRQDX FHQWUHGHODYLDQGHRXGXSRLVVRQGDQVOD SDUWLHODSOXV«SDLVVHVLSRVVLEOH$VVXUH] YRXVTXಬDXPRLQVOHVGHODVRQGHGH FXLVVRQVHWURXYH¢O LQW«ULHXUGXSODW &RFRWWH ,QWURGXLVH]ODSRLQWHGHODVRQGHGHFXLVVRQ H[DFWHPHQWDXFHQWUHGHODFRFRWWH/DVRQGHGH FXLVVRQGRLW¬WUHVWDELOLV«HHQXQVHXOHQGURLW SHQGDQWODFXLVVRQ3RXU\SDUYHQLUXWLOLVH]XQ LQJU«GLHQWVROLGH8WLOLVH]OHUHERUGGXSODWGH FXLVVRQSRXUDSSX\HUODSRLJQ«HHQVLOLFRQHGHOD VRQGHGHFXLVVRQ/DSRLQWHGHODVRQGHGHFXLVಣ VRQQHGRLWSDVWRXFKHUOHIRQGGXSODWGHFXLVಣ VRQ5HFRXYUH]ODVRQGHGHFXLVVRQDYHFOHVDXಣ WUHVLQJU«GLHQWV WDSH %UDQFKH]ODVRQGHGHFXLVVRQGDQVODSULVH¢O DYDQWGXIRXU / DIILFKDJHLQGLTXHODWHPS«UDWXUHDFWXHOOHGH6RQGHGHFXLVVRQ WDSH V«OHFWLRQQH]HWDSSX\H]VXUODPDQHWWHSRXUU«JOHUODWHPS«UDWXUH¢FĕXUGX FDSWHXU WDSH $SSX\H]VXUODPDQHWWHSRXUG«ILQLUOಬRSWLRQGHFDSWHXUSU«I«U«H ವ 6RQDODUPHORUVTXHOHVDOLPHQWVDWWHLJQHQWODWHPS«UDWXUH¢FĕXUOHVLJQDOVRQRಣ UHUHWHQWLW ವ 6RQHWDUU¬WGXIRXUORUVTXHOHVDOLPHQWVDWWHLJQHQWODWHPS«UDWXUH¢FĕXUOHVLಣ JQDOVRQRUHUHWHQWLWHWOHIRXUVಬDUU¬WH &216(,/6' 87,/,6$7,21$&&(662,5(6 WDSH 7RXUQH]ODPDQHWWHSRXUV«OHFWLRQQHUOಬRSWLRQ$SSX\H]VXUODPDQHWWHSRXUFRQILUPHU WDSH $SSX\H]VXU 'ªVTXHOHVDOLPHQWVDWWHLJQHQWODWHPS«UDWXUHG«ILQLHXQVLJQDOVRQRUHUHWHQWLW9RXV SRXYH]FKRLVLUGಬDUU¬WHURXGHSRXUVXLYUHODFXLVVRQSRXUYRXVDVVXUHUTXHOಬDOLPHQW HVWELHQFXLW WDSH 5HWLUH]ODILFKHGHODVRQGHGHFXLVVRQGHODSULVHHWUHWLUH]OHSODWGXIRXU $9(57,66(0(17 ,O\DXQULVTXHGHEU½OXUHFDUODVRQGHGHFXLVVRQGHYLHQWFKDXGH)DLWHV DWWHQWLRQHQODG«EUDQFKDQWHWHQODUHWLUDQWGXSODW 3UHQH]XQUDFFRXUFL )21&7,2166833/0(17$,5(6 &RPPHQWHQUHJLVWUHU0 0HVSURJUDPPHV 9RXVSRXYH]HQUHJLVWUHUYRVU«JODJHVIDYRULVWHOVTXHOHPRGHGHFXLVVRQOHWHPSVGH FXLVVRQODWHPS«UDWXUHRXODIRQFWLRQGHQHWWR\DJH9RXVSRXYH]HQUHJLVWUHUU«JODJHV IDYRULV /HVU«JODJHVHQUHJLVWU«VVRQWGLVSRQLEOHVGDQVOHPHQX0HVSURJUDPPHV WDSH $OOXPH]OHIRXU WDSH 6«OHFWLRQQH]OHU«JODJHSU«I«U«HWDSSX\H]VXUODPDQHWWH WDSH 6«OHFWLRQQH]0HQX0HVSURJUDPPHV WDSH 6«OHFWLRQQH](QUHJLVWUHUOHVU«JODJHVDFWXHOV7RXUQH]ODPDQHWWHSRXUV«OHFWLRQQHU ODSRVLWLRQGXU«JODJH WDSH $SSX\H]VXUODPDQHWWHSRXUDMRXWHUOHU«JODJH¢ODOLVWHGH0HVSURJUDPPHV $UU¬WDXWRPDWLTXH 3RXUGHVUDLVRQVGHV«FXULW«OHIRXUV «WHLQWDXERXWG XQFHUWDLQWHPSVVLXQPRGHGHFXLVVRQ HVWHQFRXUVHWYRXVQHPRGLILH]DXFXQU«JODJH r& K 0D[LPXP / DUU¬WDXWRPDWLTXHQHIRQFWLRQQHSDVDYHFOHVIRQFWLRQV/XPLªUH6RQGHGHFXLVVRQ)LQGH FXLVVRQ&XLVVRQEDVVHWHPS«UDWXUH 9HQWLODWHXUGHUHIURLGLVVHPHQW /RUVTXHOHIRXUIRQFWLRQQHOHYHQWLODWHXUGHUHIURLGLVVHPHQWVHPHWDXWRPDWLTXHPHQWHQ PDUFKHSRXUUHIURLGLUOHVVXUIDFHVGXIRXU6LYRXV«WHLJQH]OHIRXUOHYHQWLODWHXUGH UHIURLGLVVHPHQWFRQWLQXH¢IRQFWLRQQHUMXVTX ¢FHTXHOHIRXUUHIURLGLVVH 9HUURXLOODJHP«FDQLTXHGHODSRUWH /RUVTXHYRXVDFKHWH]OHIRXUOHGLVSRVLWLIGHYHUURXLOODJHGHODSRUWHHVWG«VDFWLY« )21&7,2166833/0(17$,5(6 $77(17,21 1HG«SODFH]SDVOHYHUURXLOODJHGHODSRUWHYHUWLFDOHPHQW 1HSRXVVH]SDVOHGLVSRVLWLIGHYHUURXLOODJHGHODSRUWHORUVTXHYRXVIHUPH]ODSRUWHGX IRXU &RPPHQWXWLOLVHU9HUURXLOODJHP«FDQLTXHGHODSRUWH WDSH 3RXUYHUURXLOOHUODSRUWHWLUH]OHYHUURXLOODJHGHODSRUWHYHUVO DYDQWMXVTX ¢FHTX LO V HQFOHQFKH WDSH 3RXUG«YHUURXLOOHUODSRUWHUHSRXVVH]OH¢O LQW«ULHXUGXSDQQHDX 2XYHUWXUHGHODSRUWHYHUURXLOO«H )21&7,2166833/0(17$,5(6 9RXVSRXYH]RXYULUODSRUWHORUVTXHOHYHUURXLOODJHGHODSRUWHHVWHQFOHQFK« WDSH 3RXVVH]GRXFHPHQWOHYHUURXLOODJHGHODSRUWHHWRXYUH]ODHQODWLUDQWSDUODSRLJQ«H 1 2 /RUVTXHYRXVUHIHUPH]ODSRUWHDVVXUH]YRXVTXHOHYHUURXLOODJHGHODSRUWHUHVWHHQFOHQFK« &216(,/6 $9(57,66(0(17 5HSRUWH]YRXVDX[FKDSLWUHVFRQFHUQDQWODV«FXULW« 5HFRPPDQGDWLRQVGHFXLVVRQ /HVWHPS«UDWXUHVHWWHPSVGHFXLVVRQVHWURXYDQWGDQVOHVWDEOHDX[QHVRQWLQGLTX«VTX ¢WLWUH LQGLFDWLI,OVYDULHQWHQIRQFWLRQGHVUHFHWWHVDLQVLTXHGHODTXDOLW«HWGHODTXDQWLW«GHVLQJU«ಣ GLHQWVXWLOLV«V 9RWUHIRXUSHXWFXLUHOHVDOLPHQWVG XQHPDQLªUHFRPSOªWHPHQWGLII«UHQWHGHFHOOHGHYRWUHDQFLHQ IRXU/HVWDEOHDX[FLGHVVRXVFRQWLHQQHQWOHVU«JODJHVGHWHPS«UDWXUHOHVWHPSVGHFXLVVRQHW OHVSRVLWLRQVGHJULOOHVUHFRPPDQG«VSRXUGHVW\SHVGHSODWVHQSDUWLFXOLHU 6LYRXVQHWURXYH]SDVOHVU«JODJHVDSSURSUL«VSRXUXQHUHFHWWHVS«FLILTXHFKHUFKH]HQXQHTXL V HQUDSSURFKH 3RXUSOXVGHUHFRPPDQGDWLRQVGHFXLVVRQFRQVXOWH]OHVWDEOHDX[GHFXLVVRQVXUQRWUHVLWH,QWHUಣ QHW3RXUWURXYHUOHVFRQVHLOVGHFXLVVRQY«ULILH]OHFRGHSURGXLW 31& VXUODSODTXHVLJQDO«WLTXH TXLVHWURXYHVXUOHFDGUHDYDQWGHODFDYLW«GXIRXU &KDOHXU7RXUQDQWH+XPLGH 3RXUGHPHLOOHXUVU«VXOWDWVVXLYH]OHVVXJJHVWLRQVLQGLTX«HVGDQVOHWDEOHDXFLGHVVRXV r& PLQ 3HWLWVSDLQVVXಣ FU«V SLªFHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU *¤WHDXURXO« 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU 3RLVVRQHQWLHU NJ 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU &RRNLHV SLªFHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU 0DFDURQV SLªFHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU 0XIILQV SLªಣ FHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU &216(,/6 r& PLQ 3¤WLVVHULHVDO«H SLªFHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU %LVFXLWV¢S¤WH EULV«H SLªಣ FHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU 7DUWHOHWWHV SLªFHV 3ODWHDXGHFXLVVRQRX SODW¢U¶WLU &KDOHXU7RXUQDQWH+XPLGHDFFHVVRLUHVUHFRPPDQG«V 8WLOLVH]OHVPRXOHVHWU«FLSLHQWVIRQF«VHWQRQU«IO«FKLVVDQWV,OVRIIUHQWXQHPHLOOHXUH DEVRUSWLRQGHODFKDOHXUTXHOHVSODWVU«IO«FKLVVDQWVGHFRXOHXUFODLUH 5DPHTXLQV 3ODTXH¢SL]]D 3ODWGHFXLVVRQ 6RPEUHQRQU«IO«FKLVಣ VDQW 'LDPªWUHGHFP 6RPEUHQRQU«IO«FKLVVDQW 'LDPªWUHGHFP 0RXOHSRXUIRQGGH WDUWH &«UDPLTXH FPGHGLDಣ PªWUHFPGH KDXWHXU 6RPEUHQRQU«IO«FKLVಣ VDQW 'LDPªWUHGHFP 7DEOHDX[GHFXLVVRQSRXUOHVLQVWLWXWVGHWHVWV ,QIRUPDWLRQVSRXUOHVLQVWLWXWVGHWHVW 7HVWVFRQIRUPHVDX[QRUPHV(1,(& &8,6621685816(8/1,9($8&XLVVRQGDQVGHVPRXOHV r& *«QRLVHDOO«J«H &KDOHXUWRXUQDQWH PLQ &216(,/6 &8,6621685816(8/1,9($8&XLVVRQGDQVGHVPRXOHV r& PLQ *«QRLVHDOO«J«H &KDXIIDJH+DXW%DV 7RXUWHDX[SRPPHV PRXOHVFP &KDOHXUWRXUQDQWH 7RXUWHDX[SRPPHV PRXOHVFP &KDXIIDJH+DXW%DV &8,6621685816(8/1,9($8%LVFXLWV*¤WHDX[VHFV 8WLOLVH]OHWURLVLªPHQLYHDXGHODJULOOH r& PLQ 6DEO«/DPHOOHVGHS¤WLVಣ VHULH &KDOHXUWRXUQDQWH 6DEO«/DPHOOHVGHS¤WLVಣ VHULHSU«FKDXIIHUOHIRXU¢ YLGH &KDXIIDJH+DXW%DV 3HWLWVJ¤WHDX[SDUSODಣ WHDXSU«FKDXIIHUOHIRXU¢ YLGH &KDOHXUWRXUQDQWH 3HWLWVJ¤WHDX[SDUSODಣ WHDXSU«FKDXIIHUOHIRXU¢ YLGH &KDXIIDJH+DXW%DV &216(,/6 &8,66216853/86,(8561,9($8;%LVFXLWV*¤WHDX[VHFV r& PLQ 6DEO«/DPHOOHVGHS¤WLVಣ VHULH &KDOHXUWRXUQDQWH 3HWLWVJ¤WHDX[SDU SODWHDXSU«FKDXIIHUOH IRXU¢YLGH &KDOHXUWRXUQDQWH *«QRLVHDOO«J«H &KDOHXUWRXUQDQWH *5,/ 3U«FKDXIIH]WRXMRXUVOHIRXU¢YLGHSHQGDQWPLQXWHV 5«JOH]OHJULO¢ODWHPS«UDWXUHPD[LPDOH PLQ 7RDVWV *ULO 6WHDNGHEĕXIWRXUQHU¢PL FXLVVRQ *ULO (175(7,(1(71(772<$*( $9(57,66(0(17 5HSRUWH]YRXVDX[FKDSLWUHVFRQFHUQDQWODV«FXULW« 5HPDUTXHVFRQFHUQDQWO HQWUHWLHQ 1HWWR\H]ODID©DGHGXIRXUDYHFXQFKLIIRQGRX[GHOಬHDXWLªGHHWXQG«WHUJHQW GRX[ 8WLOLVH]XQHVROXWLRQGHQHWWR\DJHSRXUQHWWR\HUOHVVXUIDFHVP«WDOOLTXHV $JHQWVQHW഻ WR\DQWV 1HWWR\H]OHVWDFKHVDYHFXQG«WHUJHQWGRX[ 1HWWR\H]ODFDYLW«DSUªVFKDTXHXWLOLVDWLRQ/ಬDFFXPXODWLRQGHJUDLVVHRXGಬDXಣ WUHVU«VLGXVSHXWSURYRTXHUXQLQFHQGLH 8WLOLVDWLRQ TXRWLGLHQQH 1HFRQVHUYH]SDVOHVDOLPHQWVGDQVOHIRXUSHQGDQWSOXVGHPLQXWHV6«FKHU ODFDYLW«DYHFXQFKLIIRQGRX[DSUªVFKDTXHXWLOLVDWLRQ $SUªVFKDTXHXWLOLVDWLRQODYH]WRXVOHVDFFHVVRLUHVHWV«FKH]OHV8WLOLVH]XQ FKLIIRQGRX[DYHFGHOಬHDXWLªGHHWXQG«WHUJHQWGRX[1HODYH]SDVOHVDFFHVಣ VRLUHVDXODYHYDLVVHOOH $FFHVVRLUHV 1HQHWWR\H]SDVOHVDFFHVVRLUHVDQWLDGK«VLIVDYHFXQSURGXLWQHWWR\DQWDEUDVLI RXGHVREMHWVWUDQFKDQWV &RPPHQWHQOHYHU6XSSRUWVGHJULOOH 5HWLUH]OHVVXSSRUWVGHJULOOHSRXUQHWWR\HUOHIRXU WDSH WHLJQH]OHIRXUHWDWWHQGH] TXಬLOVRLWIURLG WDSH FDUWH]O DYDQWGXVXSSRUWGH JULOOHGHODSDURLODW«UDOH (175(7,(1(71(772<$*( WDSH FDUWH]O DUULªUHGXVXSSRUWGH JULOOHGHODSDURLODW«UDOHHWUHWLಣ UH]OHVXSSRUW WDSH 5«LQVWDOOH]OHVVXSSRUWVGHJULOಣ OHHQU«S«WDQWFHWWHSURF«GXUH GDQVO RUGUHLQYHUVH /HVWLJHVGHUHWHQXHGHVUDLOV W«OHVFRSLTXHVGRLYHQWSRLQWHU YHUVO DYDQW 1 2 &RPPHQWXWLOLVHU1HWWR\DJHSDUS\URO\VH 1HWWR\DJHGXIRXUDYHFOHQHWWR\DJHSDUS\URO\VH $9(57,66(0(17 5LVTXHGHEU½OXUH $77(17,21 6LXQDXWUHDSSDUHLOHVWLQVWDOO«GDQVOHP¬PHPHXEOHQHO XWLOLVH]SDVHQP¬PHWHPSV TXHFHWWHIRQFWLRQ9RXVULVTXHULH]G HQGRPPDJHUOHIRXU $YDQWOHQHWWR\DJHSDUS\URO\VH WHLJQH]OHIRXUHWDWWHQಣ GH]TXಬLOVRLWIURLG 5HWLUH]OHVDFFHVVRLUHVHWOHV VXSSRUWVGHJULOOHDPRYLEOHV 1HWWR\H]ODVROHGXIRXUHWODYLWUH LQWHUQHGHODSRUWHDYHFGHOಬHDX WLªGHXQFKLIIRQGRX[HWXQG«ಣ WHUJHQWGRX[ WDSH WDSH WDSH $OOXPH]OHIRXU 6«OHFWLRQQH]0HQX1HWಣ WR\DJH 7RXUQH]ODPDQHWWHSRXUV«OHFಣ WLRQQHUOHPRGHGHQHWWR\DJH $SSX\H]VXUODPDQHWWHSRXU FRQILUPHU 2SWLRQ 0RGHGHQHWWR\DJH 'XU«H 5DSLGH 1HWWR\DJHO«JHU K 1RUPDO 1HWWR\DJHQRUPDO KPLQ 5HQIRUF«H 1HWWR\DJHFRPSOHW K /RUVTXHOHQHWWR\DJHFRPPHQFHO «FODLUDJHHVW«WHLQWHWOHYHQWLODWHXUGHUHIURLGLVVHPHQW IRQFWLRQQH¢XQHYLWHVVHSOXV«OHY«H (175(7,(1(71(772<$*( DSSX\H]SRXULQWHUURPSUHOHQHWWR\DJHDYDQWTX LOQHVRLWWHUPLQ« 1 XWLOLVH]SDVOHIRXUDYDQWTXHOHV\PEROHGHYHUURXLOODJHGHODSRUWHDLWGLVSDUX 8QHIRLVOHQHWWR\DJHWHUPLQ« WHLJQH]OHIRXUHWDWWHQಣ GH]TXಬLOVRLWIURLG 1HWWR\H]ODFDYLW«DYHFXQ FKLIIRQGRX[ 5HWLUH]OHVU«VLGXVGXIRQGGHOD FDYLW« 1HWWR\DJHFRQVHLOO« /RUVTXHOHUDSSHODSSDUD°WXQQHWWR\DJHHVWQ«FHVVDLUH 8WLOLVH]ODIRQFWLRQ1HWWR\DJHSDUS\URO\VH 9RXVSRXYH]DFWLYHUHWG«VDFWLYHUOHUDSSHOGDQVOHPHQX&RQILJXUDWLRQ &RPPHQWG«PRQWHUHWLQVWDOOHU3RUWH 9RXVSRXYH]UHWLUHUODSRUWHDLQVLTXHOHVSDQQHDX[GHYHUUHLQW«ULHXUVSRXUOHVQHWWR\HU/H QRPEUHGHSDQQHDX[GHYHUUHYDULHVHORQOHVPRGªOHV $9(57,66(0(17 /DSRUWHHVWORXUGH $77(17,21 0DQLSXOH]VRLJQHXVHPHQWODYLWUHHQSDUWLFXOLHUDXWRXUGHVERUGVGXSDQQHDXDYDQW(OOHV SRXUUDLHQWVHEULVHU WDSH 2XYUH]HQWLªUHPHQWODSRUWH WDSH 6RXOHYH]HWDSSX\H]VXUOHV OHYLHUVGHEORFDJH $ VXUOHV GHX[FKDUQLªUHVGHODSRUWH A WDSH A )HUPH]ODSRUWHGXIRXU¢ODSUHPLªUHSRVLWLRQ DQJOHG HQYLURQr 7HQH]ODSRUWH GHVGHX[F¶W«VHWUHWLUH]ODGXIRXUHQODVRXOHYDQW3RVH]ODSRUWHIDFHH[W«ULHXUH YHUVOHEDVVXUXQOLQJHGRX[SRV«VXUXQHVXUIDFHVWDEOH (175(7,(1(71(772<$*( WDSH 7HQH]ODJDUQLWXUHGHSRUWH % VXUOHERUGVXS«ULHXUGHOD SRUWHGHVGHX[F¶W«VHWSRXVಣ VH]YHUVO LQW«ULHXUSRXUOLE«UHU OHMRLQWGXFOLS 2 B WDSH 7LUH]ODJDUQLWXUHGHSRUWH YHUVO DYDQWSRXUODG«SRVHU WDSH 6DLVLVVH]XQSDQQHDXGHYHUಣ UH¢ODIRLVSDUVRQERUGVXS«ಣ ULHXUHWG«JDJH]OHGXJXLGH HQOHVRXOHYDQW WDSH 1HWWR\H]OHSDQQHDXGHYHUUH ¢O HDXVDYRQQHXVH6«FKH] VRLJQHXVHPHQWOHSDQQHDX GHYHUUH1HQHWWR\H]SDVOHV SDQQHDX[GHYHUUHDXODYH YDLVVHOOH WDSH $SUªVOHQHWWR\DJHHIIHFWXH] OHV«WDSHVFLGHVVXVGDQVOH VHQVLQYHUVH WDSH ,QVWDOOH]G DERUGOHSOXVSHWLWGHVSDQQHDX[SXLVOHSOXVJUDQGHWWHUPLQH]SDUODSRUಣ WH WD഻ SH 9HLOOH]¢UHSODFHUOHVSDQಣ QHDX[GHYHUUH &%HW$ GDQVOHERQRUGUH&RPPHQಣ FH]SDULQV«UHUOHSDQQHDX& OHTXHOGLVSRVHG XQFDUU«LPಣ SULP«GXF¶W«JDXFKHHWG XQ WULDQJOHLPSULP«GXF¶W«GURLW 9RXVWURXYHUH]«JDOHPHQW FHVV\PEROHVJUDY«VVXUOH FDGUHGHODSRUWH/HWULDQJOH VXUOHSDQQHDXGRLWFRUUHVಣ SRQGUHDXWULDQJOHGXFDGUH GHODSRUWHWRXWFRPPHOH FDUU«$SUªVFHODLQV«UH]OHV GHX[DXWUHVSDQQHDX[GHYHUಣ UH 1 ABC (175(7,(1(71(772<$*( &RPPHQWUHPSODFHUFODLUDJH $9(57,66(0(17 5LVTXHG «OHFWURFXWLRQ / «FODLUDJHSHXW¬WUHFKDXG $YDQWGHUHPSODFHUO «FODLUDJH WDSH WDSH WDSH WHLJQH]OHIRXU$WWHQGH]TXH OHIRXUDLWUHIURLGL '«EUDQFKH]OHIRXUGHO DOLಣ PHQWDWLRQVHFWHXU 3ODFH]XQFKLIIRQDXIRQGGH ODFDYLW« /DPSHVXS«ULHXUH WDSH 7RXUQH]OHGLIIXVHXUHQYHUUHSRXU OHUHWLUHU WDSH 1HWWR\H]OHGLIIXVHXUHQYHUUH WDSH 5HPSODFH]O «FODLUDJHSDUXQHDPSRXOHDGDSW«HU«VLVWDQW¢XQHWHPS«UDWXUHGH r& WDSH 5HPHWWH]HQSODFHOHGLIIXVHXUHQYHUUH (175(7,(1(71(772<$*( $PSRXOHODW«UDOH WDSH 6RUWH]OHVXSSRUWGHJULOOHJDXFKH SRXUDFF«GHU¢O «FODLUDJH WDSH 5HWLUH]OHGLIIXVHXUHQYHUUH¢O DLGH G XQREMHWPLQFHHWQRQWUDQFKDQW SDUH[HPSOHXQHFXLOOªUH¢FDI« WDSH 1HWWR\H]OHGLIIXVHXUHQYHUUH WDSH 5HPSODFH]O DPSRXOHSDUXQHDPಣ SRXOHDG«TXDWHU«VLVWDQW¢XQH WHPS«UDWXUHGHr& WDSH 5HPHWWH]HQSODFHOHGLIIXVHXUHQ YHUUH WDSH 5HSODFH]OHVXSSRUWGHJULOOHJDXಣ FKH '3$11$*( $9(57,66(0(17 5HSRUWH]YRXVDX[FKDSLWUHVFRQFHUQDQWODV«FXULW« 4XHIDLUHVL /HIRXUQHVൄDOOXPHSDVRXQHFKDXIIHSDV &DXVHSRVVLEOH 6ROXWLRQ /HIRXUQ HVWSDVEUDQFK«¢XQHVRXUFHG DOLಣ PHQWDWLRQ«OHFWULTXHRXOHEUDQFKHPHQWHVWLQಣ FRUUHFW 9«ULILH]TXHOHIRXUHVWFRUUHFWHPHQWEUDQFK«¢ XQHVRXUFHG DOLPHQWDWLRQ«OHFWULTXH / KRUORJHQ HVWSDVU«JO«H 5«JOH]OಬKRUORJHFRQVXOWH]OHFKDSLWUHm)RQFಣ WLRQVGHO KRUORJH}SRXUDYRLUWRXVOHVG«WDLOV &RPPHQWU«JOHU)RQFWLRQVGHOಬKRUORJH /DSRUWHQ HVWSDVIHUP«HFRUUHFWHPHQW )HUPH]FRPSOªWHPHQWODSRUWH /HIXVLEOHDGLVMRQFW« 9«ULILH]TXHOHIXVLEOHHVWELHQODFDXVHGH O DQRPDOLH6LOHSUREOªPHVHUHSURGXLWIDLWHV DSSHO¢XQ«OHFWULFLHQTXDOLIL« /DV«FXULW«HQIDQWGXIRXUHVWDFWLY«H &RQVXOWH]OHFKDSLWUHm0HQX}6RXVPHQX 2SWLRQV ,OIDXWUHPSODFHUGHVSLªFHV 'HVFULSWLRQ /ಬDPSRXOHHVWJULOO«H 6ROXWLRQ 5HPSODFH]OಬDPSRXOHSRXUDYRLUGHVG«WDLOV FRQVXOWH]OHFKDSLWUHm(QWUHWLHQHWQHWWR\Dಣ JH}&RPPHQWUHPSODFHU(FODLUDJH 8QHFRXSXUHGHFRXUDQWDUU¬WHWRXMRXUVODSURF«GXUHGHQHWWR\DJH5«S«WH]OHQHWWR\DJHV LO HVWLQWHUURPSXSDUXQHFRXSXUHGHFRXUDQW '3$11$*( 3UREOªPHVGHVLJQDO:L)L 6ROXWLRQ &DXVHSRVVLEOH 3UREOªPHDYHFOHVLJQDOGXU«VHDX:L)L 9«ULILH]YRWUHU«VHDX:L)LHWYRWUHURXWHXU 5HG«PDUUH]OHURXWHXU 1RXYHDXURXWHXULQVWDOO«RXFRQILJXUDWLRQGX URXWHXUPRGLIL«H 3RXUUHFRQILJXUHUOHIRXUHWO DSSDUHLOPRELOH UHSRUWH]YRXVDXFKDSLWUHm$YDQWODSUHPLªUH XWLOLVDWLRQ}&RQQH[LRQVDQVILO /DSXLVVDQFHGXVLJQDOGXU«VHDXVDQVILOHVW IDLEOH '«SODFH]OHURXWHXUOHSOXVSUªVSRVVLEOHGX IRXU /HVLJQDOVDQVILOHVWSHUWXUE«SDUXQDSSDUHLO PLFURRQGHVTXLVHWURXYHSUªVGXIRXU WHLJQH]O DSSDUHLO¢PLFURRQGHV &RPPHQWJ«UHU&RGHVG HUUHXU 4XDQGXQHHUUHXUGHORJLFLHOVHSURGXLWOಬDIILFKDJHLQGLTXHXQPHVVDJHG HUUHXU &HWWHVHFWLRQSU«VHQWHODOLVWHGHVSUREOªPHVTXHYRXVSRXYH]J«UHUVHXO &RGHHWGHVFULSWLRQ 6ROXWLRQ &OD6RQGHGHFXLVVRQVHWURXYHGDQVODFDಣ YLW«GXIRXUSHQGDQWOH1HWWR\DJHSDUS\URO\VH 6RUWH]OD6RQGHGHFXLVVRQ &/DSRUWHQಬHVWSDVFRUUHFWHPHQWIHUP«H SHQGDQWOH1HWWR\DJHSDUS\URO\VH 5HIHUPH]ODSRUWH )/D6RQGHGHFXLVVRQQ HVWSDVFRUUHFಣ WHPHQWLQV«U«HGDQVODSULVH (QIRQFH]FRPSOªWHPHQWOD6RQGHGHFXLVVRQ GDQVODSULVH )SUREOªPHDXQLYHDXGXVLJQDO:L)L 9«ULILH]YRWUHFRQQH[LRQU«VHDX5HSRUWH]YRXV DXFKDSLWUHm$YDQWODSUHPLªUHXWLOLVDWLRQ} &RQQH[LRQVDQVILO )ODSUHPLªUHFRQQH[LRQDX:L)LD «FKRX« WHLJQH]OHIRXUUDOOXPH]OHHWU«HVVD\H]5Hಣ SRUWH]YRXVDXFKDSLWUHm$YDQWODSUHPLªUHXWLಣ OLVDWLRQ}&RQQH[LRQVDQVILO )OHV\VWªPHGXIRXUQHSHXWSDVVHFRQಣ QHFWHUDXSDQQHDXGHFRPPDQGH WHLJQH]OHIRXUHWUDOOXPH]OH '3$11$*( 4XDQGOಬXQGHFHVPHVVDJHVGಬHUUHXUFRQWLQXH¢DSSDUD°WUHVXUOಬDIILFKDJHXQVRXVV\VWªPH G«IHFWXHX[DSHXW¬WUH«W«G«VDFWLY«'DQVFHFDVYRXVGHYH]FRQWDFWHUYRWUHUHYHQGHXURXXQ FHQWUHGHVHUYLFHDJU««6LO XQHGHFHVHUUHXUVVHSURGXLWOHVDXWUHVIRQFWLRQVGXIRXU FRQWLQXHURQW¢IRQFWLRQQHUQRUPDOHPHQW &RGHHWGHVFULSWLRQ ))/H:L)LQಬHVWSDVGLVSRQLEOH 6ROXWLRQ WHLJQH]OHIRXUHWUDOOXPH]OH 'RQQ«HVGHPDLQWHQDQFH 6LYRXVQHWURXYH]SDVGHVROXWLRQDXSUREOªPHYHXLOOH]FRQWDFWHUYRWUHUHYHQGHXURXXQ VHUYLFHDSUªVYHQWHDJU«« /HVLQIRUPDWLRQV¢IRXUQLUDXVHUYLFHDSUªVYHQWHILJXUHQWVXUODSODTXHVLJQDO«WLTXH/DSODTXH VLJQDO«WLTXHVHWURXYHVXUO HQFDGUHPHQWDYDQWGHODFDYLW«GXIRXU1HUHWLUH]SDVODSODTXH VLJQDO«WLTXHGHODFDYLW«GXIRXU 1RXVYRXVUHFRPPDQGRQVGHQRWHUFHVLQIRUPDWLRQVLFL 0RGªOH 02' 5«I«UHQFHGXSURGXLW 31& 1XP«URGHV«ULH 61 5(1'(0(171(5*7,48( ,QIRUPDWLRQVSURGXLWHW)LFKHGൄLQIRUPDWLRQVSURGXLW 1RPGXIRXUQLVVHXU $(* ,GHQWLILFDWLRQGXPRGªOH %%3% %3.7 ,QGH[G HIILFDFLW««QHUJ«WLTXH &ODVVHGಬHIILFDFLW««QHUJ«WLTXH $ &RQVRPPDWLRQG «QHUJLHDYHFFKDUJHVWDQGDUGHWPRGH WUDGLWLRQQHO N:KF\FOH &RQVRPPDWLRQG «QHUJLHDYHFFKDUJHVWDQGDUGHWPRGH DLUSXOV« N:KF\FOH 1RPEUHGHFDYLW«V 6RXUFHGHFKDOHXU OHFWULFLW« 9ROXPH O 7\SHGHIRXU )RXUHQFDVWUDEOH %%3% NJ %3.7 NJ 0DVVH 3RXUOಬ8QLRQHXURS«HQQHFRQIRUP«PHQWDX[5ªJOHPHQWV8(HW 3RXUOD5«SXEOLTXHGH%L«ORUXVVLHFRQIRUP«PHQW¢67%$QQH[H*67% $QQH[HV$HW% 3RXUOಬ8NUDLQHFRQIRUP«PHQW¢ /DFODVVHGಬHIILFDFLW««QHUJ«WLTXHQಬHVWSDVDSSOLFDEOHSRXUOD5XVVLH (1$SSDUHLOVGHFXLVVRQGRPHVWLTXHV«OHFWULTXHV3DUWLH3ODJHVIRXUVIRXUV¢YDಣ SHXUHWJULOV0«WKRGHVGHPHVXUHGHVSHUIRUPDQFHV FRQRPLHG «QHUJLH &HIRXUHVWGRW«GHFDUDFW«ULVWLTXHVTXLYRXVSHUPHWWHQWG «FRQRPLVHUGHO «QHUJLHORUVGH YRWUHFXLVLQHDXTXRWLGLHQ 5(1'(0(171(5*7,48( 9HLOOH]¢FHTXHODSRUWHGXIRXUVRLWIHUP«HORUVTX LOIRQFWLRQQH1 RXYUH]SDVODSRUWHGXIRXU WURSVRXYHQWSHQGDQWODFXLVVRQ*DUGH]OHMRLQWGHSRUWHSURSUHHWYHLOOH]¢FHTX LOVRLWELHQ IL[«HQSODFH 8WLOLVH]GHVSODWVHQP«WDOSRXUDFFUR°WUHOHV«FRQRPLHVG «QHUJLH 6LSRVVLEOHQHSU«FKDXIIH]SDVOHIRXUDYDQWODFXLVVRQ /RUVTXHYRXVFXLVH]SOXVLHXUVSODWVOHVXQVDSUªVOHVDXWUHVYHLOOH]¢QHSDVWURSHVSDFHUOHV FXLVVRQV &XLVVRQDYHFYHQWLODWLRQ 6LSRVVLEOHXWLOLVH]OHVIRQFWLRQVGHFXLVVRQDYHFODYHQWLODWLRQSRXU«FRQRPLVHUGHO «QHUJLH &KDOHXUU«VLGXHOOH 3RXUFHUWDLQHVIRQFWLRQVGXIRXUVLXQSURJUDPPHDYHFV«OHFWLRQGXWHPSV 'XU«HRX)LQ HVW DFWLY«HWTXHOHWHPSVGHFXLVVRQHVWVXS«ULHXU¢PLQXWHVOHV«O«PHQWVFKDXIIDQWVVH G«VDFWLYHQWDXWRPDWLTXHPHQWSOXVW¶W /ಬ«FODLUDJHHWOHYHQWLODWHXUFRQWLQXHQWGHIRQFWLRQQHU/RUVTXHYRXV«WHLJQH]OHIRXUO DIILFKDJH LQGLTXHODSU«VHQFHGHFKDOHXUU«VLGXHOOH9RXVSRXYH]XWLOLVHUFHWWHFKDOHXUSRXUOHPDLQWLHQ DXFKDXGGHVDOLPHQWV 6LODFXLVVRQGRLWGXUHUSOXVGHPLQXWHVU«GXLVH]ODWHPS«UDWXUHGXIRXUDXPLQLPXP¢ PLQXWHVDYDQWODILQGHODFXLVVRQ/DFKDOHXUU«VLGXHOOH¢OಬLQW«ULHXUGXIRXUSRXUVXLYUDOD FXLVVRQ 8WLOLVH]ODFKDOHXUU«VLGXHOOHSRXUU«FKDXIIHUG DXWUHVSODWV 0DLQWLHQGHVDOLPHQWVDXFKDXG 6«OHFWLRQQH]ODWHPS«UDWXUHODSOXVEDVVHSRVVLEOHSRXUXWLOLVHUODFKDOHXUU«VLGXHOOHHW PDLQWHQLUOHUHSDVDXFKDXG/DWHPS«UDWXUHRXOHYR\DQWGHFKDOHXUU«VLGXHOOHV DIILFKHQW &XLVVRQDYHFO «FODLUDJH«WHLQW WHLJQH]O «FODLUDJHHQFRXUVGHFXLVVRQ1HO DOOXPH]TXHORUVTXHYRXVHQDYH]EHVRLQ &KDOHXU7RXUQDQWH+XPLGH )RQFWLRQFRQ©XHSRXU«FRQRPLVHUGHO «QHUJLHHQFRXUVGHFXLVVRQ /RUVTXHYRXVXWLOLVH]FHWWHIRQFWLRQODODPSHV «WHLQWDXWRPDWLTXHPHQWDSUªVVHFRQGHV 9RXVSRXYH]UDOOXPHUODODPSHPDLVFHWWHDFWLRQU«GXLUDO «FRQRPLHG «QHUJLHHVFRPSW«H 6758&785('(60(186 0HQX 6«OHFWLRQQH]0HQXHWDSSX\H]VXUODPDQHWWH O«PHQWGXPHQX $SSOLFDWLRQ 0HVSURJUDPPHV ,QGLTXHOHVU«JODJHVIDYRULV &XLVVRQDVVLVW«H ,QGLTXHOHVSURJUDPPHVDXWRPDWLಣ TXHV 1HWWR\DJH ,QGLTXHOHVSURJUDPPHVGHQHWWR\Dಣ JH 2SWLRQV 3RXUU«JOHUODFRQILJXUDWLRQGXIRXU &RQILJXUDWLRQV &RQILJXUDWLRQ 3RXUU«JOHUODFRQILJXUDWLRQGXIRXU 6HUYLFH $IILFKHODYHUVLRQHWODFRQILJXUDWLRQ GXORJLFLHO 6RXVPHQXSRXU1HWWR\DJH 6RXVPHQX $SSOLFDWLRQ 5DSLGH 'XU«HK 1RUPDO 'XU«HKPLQ 5HQIRUF«H 'XU«HK 1HWWR\DJHFRQVHLOO« 9RXVUDSSHOOHTXDQGOHIRXUGRLW¬WUHQHWWR\« 6RXVPHQXSRXU2SWLRQV 6RXVPHQX $SSOLFDWLRQ /XPLªUH $OOXPHHW«WHLQWO «FODLUDJH ,F¶QH«FODLUDJHYLVLEOH /ಬLF¶QHUHSU«VHQWDQWXQHODPSHV DIILFKH 6758&785('(60(186 6RXVPHQX $SSOLFDWLRQ 6«FXULW«HQIDQWV (PS¬FKHOಬDFWLYDWLRQDFFLGHQWHOOHGXIRXU/RUVTXHOಬRSWLRQ HVWDFWLY«HOHWH[WHm6«FXULW«HQIDQWV}VಬDIILFKHORUVTXH YRXVDOOXPH]OHIRXU3RXUSHUPHWWUHOಬXWLOLVDWLRQGXIRXU FKRLVLVVH]OHVOHWWUHVGXFRGHGDQVOಬRUGUHDOSKDE«WLTXH /RUVTXHOD6«FXULW«HQIDQWVHVWDFWLY«HHWTXHOHIRXUHVW «WHLQWODSRUWHGXIRXUUHVWHYHUURXLOO«H 3U«FKDXIIDJHUDSLGH 5«GXLWODGXU«HGHSU«FKDXIIDJH8QLTXHPHQWGLVSRQLEOH DYHFFHUWDLQHVIRQFWLRQVGXIRXU 6RXVPHQXSRXU&RQQH[LRQV 6RXVPHQX 'HVFULSWLRQ :L)L 3RXUDFWLYHUHWG«VDFWLYHU:L)L 7«O«FRPPDQGH 3RXUDFWLYHUHWG«VDFWLYHUODFRPPDQGH¢GLVWDQFH 2SWLRQYLVLEOHXQLTXHPHQWDSUªVDYRLUDFWLY«:L)L 5«VHDX 3RXUY«ULILHUOHVWDWXWGXU«VHDXHWODSXLVVDQFHGXVLJQDO GH:L)L )RQFWLRQQHPHQW¢GLVWDQFHDXWRಣ PDWLTXH 3RXUODQFHUOHIRQFWLRQQHPHQW¢GLVWDQFHDXWRPDWLTXHPHQW DSUªVDYRLUDSSX\«VXU'(0$55(5 2SWLRQYLVLEOHXQLTXHPHQWDSUªVDYRLUDFWLY«:L)L ,JQRUHU5«VHDX 3RXUG«VDFWLYHUOHU«VHDXDFWXHOGHODFRQQH[LRQDXWRPDWLಣ TXHDYHFOHIRXU 6RXVPHQXSRXU&RQILJXUDWLRQ 6RXVPHQX 'HVFULSWLRQ /DQJXH '«ILQLWODODQJXHGXIRXU +HXUHDFWXHOOH 5ªJOHOಬKHXUHHWODGDWHDFWXHOOHV ,QGLFDWLRQ'X7HPSV $OOXPHHW«WHLQWO KRUORJH $IILFKDJH+HXUH &KDQJHOHIRUPDWGHOಬDIILFKDJHGHOಬKHXUH 6758&785('(60(186 6RXVPHQX 'HVFULSWLRQ 1HWWR\DJHFRQVHLOO« 3RXUDFWLYHUHWG«VDFWLYHUOHUDSSHO 7RQDOLW«VGHVWRXFKHV $FWLYHHWG«VDFWLYHODWRQDOLW«GHVFKDPSVWDFWLOHV,OQಬHVW SDVSRVVLEOHGHFRXSHUODWRQDOLW«SRXU 6RQDODUPHHUUHXU $FWLYHHWG«VDFWLYHOHVWRQDOLW«VG DODUPH 9ROXPHDODUPH 5ªJOHOHYROXPHGHVVLJQDX[VRQRUHVHWGHVWRQDOLW«VGHV WRXFKHV $IILFKDJH/XPLQRVLW« 5ªJOHODOXPLQRVLW«GHO DIILFKDJH 6RXVPHQXSRXU6HUYLFH 6RXVPHQX 'HVFULSWLRQ 0RGHG«PR &RGHG DFWLYDWLRQGHG«VDFWLYDWLRQ /LFHQVH ,QIRUPDWLRQVVXUOHVOLFHQFHV 9HUVLRQGXORJLFLHO ,QIRUPDWLRQVVXUODYHUVLRQORJLFLHOOH 5«LQLWLDOLVHUWRXVOHVU«JODJHV 5HVWDXUHOHVU«JODJHVGಬXVLQH )HUPH]WRXWHVOHVIHQ¬WUHVGHGLDಣ ORJXH 5HVWDXUHWRXVOHVPHVVDJHVFRQWH[WXHOVDX[U«JODJHVGಬRULಣ JLQH & (676,03/( $YDQWODSUHPLªUHXWLOLVDWLRQYRXVGHYH]U«JOHU /DQJXH $IILFKDJH/XPLQRVLW« 9ROXPHDODUPH +HXUHDFWXHOOH )DPLOLDULVH]YRXVDYHFOHVV\PEROHVGHEDVHGXEDQGHDXGHFRPPDQGHHWGHO DIILFKDJH $OOXP«WHLQW 5«JODJHVPLಣ QXWHXU ,QIRUPDWLRQ 6RQGHGH FXLVVRQ 3RXUFRPPHQFHU¢XWLOLVHUOHIRXU '«PDUUDJHUD഻ SLGH $UU¬WUDSLGH 3RXUPHWWUHHQ IRQFWLRQQHPHQW OHIRXUHWFRPಣ PHQFHUODFXLVಣ VRQDYHFODGXಣ U«HGHODIRQFಣ WLRQHWODWHPS«ಣ UDWXUHSDUG«ಣ IDXW WDSH WDSH WDSH $SSX\H]HW PDLQWHQH]SUHVಣ DSಣ SX\H]VXUOD IRQFWLRQGXIRXU SXLVDSSX\H] VXUODPDQHWWH $SSX\H]VXU 3RXUPHWWUH¢ O DUU¬WOHIRXU¢ WRXWPRPHQW O «FUDQRXOH PHVVDJH DSSX\H]HWPDLQWHQH]HQIRQF«MXVTX ¢FHTXHOHIRXU Vಬ«WHLJQH V« 3RXUODQFHUODFXLVVRQ WDSH WDSH WDSH WDSH DSSX\H]SRXUDOಣ OXPHUOHIRXU V«OHFWLRQQH]OH PRGHGHFXLVVRQHW DSSX\H]VXUODPDಣ QHWWH WRXUQH]ODPDಣ QHWWHSRXUU«JOHU ODWHPS«UDWXUHHW DSSX\H] DSSX\H]VXUG«PDUUHUOD FXLVVRQ $SSUHQH]¢FXLVLQHUSOXVYLWH 8WLOLVH]OHVSURJUDPPHVDXWRPDWLTXHVSRXUSU«SDUHUXQSODWUDSLGHPHQWDYHFOHVU«JODJHV SDUG«IDXW WDSH WDSH WDSH WDSH WDSH & (676,03/( $SSUHQH]¢FXLVLQHUSOXVYLWH $SSX\H]VXU 6«OHFWLRQQH] 0HQX$SSX\H] VXUODPDQHWWH 6«OHFWLRQQH] &XLVVRQDVVLVಣ W«H$SSX\H] VXUODPDQHWWH &KRLVLVVH]OD FDW«JRULHG DOLಣ PHQWV &KRLVLVVH]OH SODWHWDSSX\H] VXUODPDQHWWH 8WLOLVH]OHVIRQFWLRQVUDSLGHVSRXUU«JOHUOHWHPSVGHFXLVVRQRXFKDQJHUODIRQFWLRQGH FXLVVRQ 5«JODJHVGXPLQXWHXUUDSLGH 8WLOLVH]OHVU«JODJHVGXPLQXWHXUOHVSOXVXWLOLಣ V«VHQOHVV«OHFWLRQQDQWGDQVOHVUDFFRXUFLV $VVLVW)LQ 8WLOLVH]ODIRQFWLRQ$VVLVW)LQSRXUDMRXಣ WHUGXWHPSVRXFKDQJHUODIRQFWLRQGHFXLVVRQ ORUVTX LOQHUHVWHTXHGXWHPSVGHFXLVಣ VRQ WDSH WDSH 6«OHFWLRQQH]0LQXಣ WHXU$SSX\H]VXUOD PDQHWWH 6«OHFWLRQQH]ODYDಣ OHXUSU«I«U«HGXPLಣ QXWHXUHWDSSX\H]VXU ODPDQHWWH +1 min +5 min +10 min DSSX\H]VXUOHV\PEROHGH WHPSVSU«I«U«SRXUUDOORQJHUOHWHPSVGHFXLVಣ VRQ 0RGLILFDWLRQG XQHIRQFWLRQ 6«OHFWLRQQH]ODIRQFWLRQSU«I«U«H V«OHFWLRQQHUODIRQFWLRQSU«I«U«H$SSX\H]VXU ODPDQHWWH 35(1(=815$&&285&, 7RXVOHVUDFFRXUFLVXWLOHVYRXVVRQWSU«VHQW«VLFL9RXVOHVWURXYHUH]«JDOHPHQWGDQVOHV FKDSLWUHVFRUUHVSRQGDQWVGXPDQXHOG XWLOLVDWLRQ &RQQH[LRQ:L)L MENU ON &RPPHQWU«JOHU0RGHVGHFXLVVRQ &RPPHQWU«JOHU&XLVVRQDVVLVW«H MENU &RPPHQWU«JOHU7HPSVGHFXLVVRQ &RPPHQWGLII«UHU'«EXWHWILQGHFXLVVRQ &RPPHQWDQQXOHU5«JOHUOHPLQXWHXU &RPPHQWXWLOLVHU6RQGH¢YLDQGH (10$7,5('(3527(&7,21'( / (19,5211(0(17 5HF\FOH]OHVPDW«ULDX[SRUWDQWOHV\PEROH '«SRVH]OHVHPEDOODJHVGDQVOHVFRQWHQHXUV SU«YXV¢FHWHIIHW&RQWULEXH]¢ODSURWHFWLRQGHO HQYLURQQHPHQWHW¢YRWUHV«FXULW«UHF\FOH] YRVSURGXLWV«OHFWULTXHVHW«OHFWURQLTXHV1HMHWH]SDVOHVDSSDUHLOVSRUWDQWOHV\PEROH DYHF OHVRUGXUHVP«QDJªUHV(PPHQH]XQWHOSURGXLWGDQVYRWUHFHQWUHORFDOGHUHF\FODJHRX FRQWDFWH]YRVVHUYLFHVPXQLFLSDX[ $ ZZZDHJFRPVKRS