',)),&8/7e
,PSRVVLEOH G
LPSULPHU OHV
GRFXPHQWV FUppV GDQV 3DLQW
%UXVK
,PSRVVLEOH G
LPSULPHU OHV
GRFXPHQWV FUppV GDQV $GREH
,OOXVWUDWRU
'HV OLJQHV pSDLVVHV HW GHV OLJQHV
ILQHV DSSDUDLVVHQW HQ DOWHUQDQFH
EDQGHV
&HUWDLQHV OLJQHV VRQW pSDLVVHV
&HUWDLQV FDUDFWqUHV GHV SROLFHV
$70 PDQTXHQW RX G
DXWUHV
FDUDFWqUHV VRQW LPSULPpV j OHXU
SODFH
/
LPSUHVVLRQ SUHQG EHDXFRXS GH
WHPSV
/H PRGXOH 7UXH/LIH
IRQFWLRQQH
PDO
/H PHVVDJH G
HUUHXU
,PSRVVLEOH
G
pFULUH VXU /37
RX
/37 HQ
FRXUV G
XWLOLVDWLRQ
DSSDUDvW
/H PHVVDJH
/H 0)& HVW RFFXSp
RX
(UUHXU GH FRQQH[LRQ GX 0)&
DSSDUDvW
(UUHXU GH FRQQH[LRQ GX 0)&
3UREOqPHV OLpV DX 3KRWR&DSWXUH &HQWHU
/H GLVTXH DPRYLEOH QH
IRQFWLRQQH SDV FRUUHFWHPHQW
'e3$11$*( (7 (175(7,(1 5e*8/,(5
5pJOH] O
DIILFKDJH VXU OD YDOHXU FRXOHXUV
(VVD\H] GH UpGXLUH OD UpVROXWLRQ G
LPSUHVVLRQ
2XYUH] O
RQJOHW 3DUDPqWUHV GH EDVH GX SLORWH G
LPSULPDQWH
&OLTXH] VXU 5pJODJHV GDQV OD VHFWLRQ 4XDOLWp
'pVDFWLYH] ,PSUHVVLRQ ELGLUHFWLRQQHOOH HQ GpVpOHFWLRQQDQW FHWWH RSWLRQ
&RFKH] 2UGUH LQYHUVH GDQV O
RQJOHW 3DUDPqWUHV GH EDVH GX SLORWH
G
LPSULPDQWH
6L YRXV XWLOLVH] :LQGRZV
,PSULPDQWH GDQV OH PHQX 'pPDUUHU 2XYUH] OHV SURSULpWpV %URWKHU
;;;; &OLTXH] VXU &RQILJXUDWLRQ GX VSRXOH GDQV O
RQJOHW 'pWDLOV
6pOHFWLRQQH] %587 GDQV )RUPDW GHV GRQQpHV GH VSRXOH
'DQV O
RQJOHW &RXOHXU GH O
RQJOHW $YDQFp GX SLORWH G
LPSULPDQWH
VpOHFWLRQQH] $XWR GDQV OD VHFWLRQ 7\SH G
LPDJH
6L OHV GRQQpHV G
LPDJH GDQV YRWUH DSSOLFDWLRQ QH VRQW SDV HQ SOHLQHV
FRXOHXUV S H[ VHXOHPHQW FRXOHXUV 7UXH/LIH
3RXU TXH 7UXH/LIH
IRQFWLRQQH ELHQ DVVXUH]YRXV G
XWLOLVHU DX PRLQV OH
PRGH &RXOHXU ELWV
$VVXUH]YRXV TXH OH 0)& HVW VRXV WHQVLRQ EUDQFKp VXU OD SULVH VHFWHXU HW DOOXPp HW
TX
LO HVW UDFFRUGp GLUHFWHPHQW j O
RUGLQDWHXU SDU O
LQWHUPpGLDLUH GX FkEOH SDUDOOqOH
ELGLUHFWLRQQHO ,((( $VVXUH]YRXV TXH OH FkEOH QH SDVVH SDV SDU XQ DXWUH
SpULSKpULTXH OHFWHXU =LS OHFWHXU GH &'520 H[WHUQH RX ERvWLHU GH FRPPXWDWLRQ HW TX
LO
HVW G
XQH ORQJXHXU PD[LPDOH GH P SL
9pULILH] TXH OH 0)& Q
DIILFKH SDV GH PHVVDJH G
HUUHXU j O
pFUDQ $&/
9pULILH] TX
DXFXQ DXWUH SLORWH GH SpULSKpULTXH QH SDUWDJH OH SRUW SDUDOOqOH HW
TX
DXFXQH DSSOLFDWLRQ ORJLFLHOOH QH V
H[pFXWH DXWRPDWLTXHPHQW DX GpPDUUDJH
GH O
RUGLQDWHXU S H[ SLORWHV GH OHFWHXU =LS SLORWH GH OHFWHXU GH &'520
H[WHUQH HWF
3RLQWV j YpULILHU OLJQHV GH FRPPDQGH /RDG 5XQ GDQV OH ILFKLHU ZLQLQL RX
OH JURXSH GH GpPDUUDJH
&RQWDFWH] OH IDEULFDQW GH YRWUH RUGLQDWHXU SRXU VDYRLU VL OHV SDUDPqWUHV GX SRUW
SDUDOOqOH GDQV OH %,26 VRQW GpILQLV GH PDQLqUH j SRXYRLU SUHQGUH HQ FKDUJH XQ
DSSDUHLO ELGLUHFWLRQQHO WHO TX
XQ SRUW SDUDOOqOH HQ PRGH(&3
6L YRXV DYH] LQVWDOOp OD VXLWH GH ORJLFLHOV GH %URWKHU VXU YRWUH 3& FH GHUQLHU
LQGLTXHUD (UUHXU GH FRQQH[LRQ GX 0)& FKDTXH IRLV TXH YRXV ODQFHUH]
:LQGRZV
VDQV DYRLU UDFFRUGp OH 0)& DX 3& 9RXV SRXYH] QH SDV WHQLU
FRPSWH GH FH PHVVDJH RX OH GpVDFWLYHU HQ GpVpOHFWLRQQDQW OD FDVH j FRFKHU
GX PHQX FRQWH[WXHO &KDUJHPHQW DXWRPDWLTXH GX &HQWUH GH FRQWU{OH GH
%URWKHU 9RLU 'pVDFWLYHU OH &KDUJHPHQW DXWRPDWLTXH j OD SDJH
D $YH]YRXV LQVWDOOp OD PLVH j MRXU :LQGRZV
6LQRQ VXLYH] OHV LQVWUXFWLRQV pQXPpUpHV FLGHVVRXV
'pEUDQFKH] OH FkEOH 86%
,QVWDOOH] OD PLVH j MRXU :LQGRZV
G
LQVWDOODWLRQ UDSLGH
8QH IRLV OD PLVH j MRXU LQVWDOOpH OH 3& UHGpPDUUHUD DXWRPDWLTXHPHQW
/DLVVH] V
pFRXOHU XQH PLQXWH j OD VXLWH GX UHGpPDUUDJH SXLV EUDQFKH]
OH FkEOH 86%
E (QOHYH] OD FDUWH PpPRLUH HW LQWURGXLVH]OD GH QRXYHDX
F 6L YRXV DYH] HVVD\p GH O
pMHFWHU LO YRXV IDXGUD HQOHYHU OD FDUWH PpPRLUH
DYDQW GH SRXYRLU FRQWLQXHU
G 6L XQ PHVVDJH G
HUUHXU V
DIILFKH TXDQG YRXV HVVD\H] G
pMHFWHU OD FDUWH
F
HVW TXH FHOOHFL HVW HQ FRXUV G
XWLOLVDWLRQ
$WWHQGH] XQ PRPHQW SXLV UpHVVD\H]
H 6L DSUqV DYRLU VXLYL WRXWHV OHV pWDSHV SURSRVpHV FLGHVVXV OH GLVTXH
DPRYLEOH QH IRQFWLRQQH WRXMRXUV SDV PHWWH] OH 3& HW OH 0)& KRUV WHQVLRQ
SXLV UHPHWWH]OHV VRXV WHQVLRQ
3RXU PHWWUH OH 0)& KRUV WHQVLRQ GpEUDQFKH] OH FRUGRQ G
DOLPHQWDWLRQ
68**(67,216
6(0H VpOHFWLRQQH] 3DUDPqWUHV
"
5HSRUWH]YRXV DX *XLGH
QH IRQFWLRQQHUD SDV