Manual de Secadora BD-150

Manual de instrucciones
BD 100, BD 150, BD 185, BD 250, BD 300
Nota de Copyright
Se prohibe cualquier uso no autorizado o la copia de los contenidos o de
cualquier parte de los mismos.
Esto se aplica en particular a marcas comerciales, denominacin de
modelos, nmero de las piezas y diseos.
Fecha de impresin ......... 04/08/2005
Atlas Copco
www.atlascopco.com
+PFKEG

2TGECWEKQPGUFGUGIWTKFCF

+%1015&'5')74+&#&

24'%#7%+10'5&'5')74+&#&&74#06'+056#.#%+0

24'%#7%+10'5&'5')74+&#&&74#06'(70%+10#/+'061

24'%#7%+10'5&'5')74+&#&&74#06'/#06'0+/+'06114'2#4#%+10'5
&GUETKREKPIGPGTCN

+0641&7%%+0

%+4%7+61&'#+4'

%+4%7+61&'4')'0'4#%+0

'%7#.+<#%+0&'24'5+0;4'(4+)'4#%+0

%#/$+1&'6144'5

/'&+&14&'27061&'41%1

8.87.#&'24'5+0/0+/#

%+%.15&'(70%+10#/+'061
4GIWNCFQT'NGMVTQPKMQP

4')7.#&14'.'-6410+-10s

2#0'.&'%10641.

6'%.#5&'(70%+0

6'%.#5&'&'52.#<#/+'061

241)4#/#5&'%10641.

/'02#06#..#24+0%+2#.

+081%#%+0&'/'05

%1057.6#42+&#&'.'56#&1#%67#.&'.5'%#&14

/'0&#615&''56#&1

/'0&#615/'&+&15

/'0%106#&14'5

/'0247'$#

/'0/1&+(+%#%+0&'2#4/'6415

/1&+(+%#%+0&'.15#,756'5&'2#4/'6415

/1&+(+%#%+0&'.15#,756'5&'2416'%%+0

/1&+(+%#%+0&'2.#0'5&'5'48+%+1

241)4#/#%+0&'(70%+04'.1,

/1&+(+%#%+0&'#,756'5&'%10(+)74#%+0

241)4#/#%+0&'/1&15&'%10641.&'5'%#&14

/'05'48+%+1

/'0&#615)7#4&#&15

#,756'5241)4#/#$.'5
+PUVCNCEKP

&+$7,15&'&+/'05+10'5

+05647%%+10'5&'+056#.#%+0

%7$%7.1'.%64+%1;&+#)4#/#

6#/#1&'%#$.'5'.%64+%15;(75+$.'5/:+/15
+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

#44#037'+0+%+#.

#44#037'

2#4#&#

(#..1&'81.6#,'
/CPVGPKOKGPVQ

241)4#/#&'/#06'0+/+'06124'8'06+81

,7')15&'5'48+%+1
5'48+%'-+65

#%7'4&15&'5'48+%+1

2.#0&'5'48+%+1

4'%#/$+1&'.&'5'%#06'
2TQEGFKOKGPVQFGCLWUVG

#,756'&'.24'5156#61&'.#8.87.#&'24'5+0/0+/#
5QNWEKPFGRTQDNGOCU

51.7%+0&'241$.'/#5
&CVQUVEPKEQU

./+6'5;%10&+%+10'501/+0#.'5

&#615&'.5'%#&14

&KTGEVKXCUFGNGSWKRQFGRTGUKP

&+4'%6+8#5&'.'37+21&'24'5+0
/CPWCNFGKPUVTWEEKQPGU
2TGECWEKQPGUFGUGIWTKFCF

+EQPQUFGUGIWTKFCF
+PVGTRTGVCEKP
2GNKITQFGOWGTVG
#XKUQ
1DUGTXCEKPKORQTVCPVG

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGKPUVCNCEKP
'NHCDTKECPVGFGENKPCVQFCTGURQPUCDKNKFCFRQTEWCNSWKGTFCQQNGUKP
TGUWNVCPVGFGNPQEWORNKOKGPVQFGGUVCURTGECWEKQPGUQFGNCPQ
QDUGTXCEKPFGNCRTGECWEKPJCDKVWCN[GNFGDKFQEWKFCFQGPNCKPUVCNCEKP
OCPGLQOCPVGPKOKGPVQQTGRCTCEKPCWPSWGPQUGJC[COGPEKQPCFQ
GZRTGUCOGPVG
2TGECWEKQPGUIGPGTCNGU
'NQRGTCTKQFGDGNNGXCTCNCRTEVKECNCUPQTOCUFGUGIWTKFCFKPFKECFCURCTCGUVGVTCDCLQ[QDUGTXCT
VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
5KEWCNSWKGTKPFKECEKPFGNCUSWGUGEKVCPCEQPVKPWCEKPPQEWORNKGTCEQPNCNGIKUNCEKPNQECNUG
CRNKECTNCOUGUVTKEVC
.CKPUVCNCEKPHWPEKQPCOKGPVQOCPVGPKOKGPVQ[TGRCTCEKQPGUUNQUGNNGXCTPCECDQRQTRGTUQPCN
CWVQTK\CFQ[EQORGVGPVG
0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVGQEQORTQDCEKPFKUVKPVCFGNC
CVGPEKPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGOUUGCDTKT[UGDNQSWGCTGNKPVGTTWRVQTUGRCTCFQTFG
GPGTICGNEVTKEC
0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
JICNQEQPOWEJQEWKFCFQ[RTQVLCUGNQUQLQU
2TGECWEKQPGUFWTCPVGNCKPUVCNCEKP
.COSWKPCUNQFGDGNGXCPVCTUGWVKNK\CPFQGNGSWKRQCRTQRKCFQEQPHQTOGCNCUPQTOCVKXCUXKIGPVGU
GPOCVGTKCFGUGIWTKFCF6QFCUNCURKG\CUUWGNVCUQRKXQVCPVGUFGDGPUWLGVCTUGEQPUGIWTKFCFCPVGU
FGNGXCPVCT'UVVGTOKPCPVGOGPVGRTQJKDKFQSWGFCTUGQRCUCTGPNC\QPCFGTKGUIQRQTFGDCLQFG
WPCECTICNGXCPVCFC.CCEGNGTCEKP[FGUCEGNGTCEKPFGGNGXCEKPFGDGPCLWUVCTUGCNQUNOKVGUFG
UGIWTKFCF2PICUGGNECUEQFGUGIWTKFCFCNVTCDCLCTEGTECFGGSWKRQGNGXCFQTQCTGQ
%QNQSWGNCOSWKPCFQPFGGNCKTGCODKGPVGUGCNQOUHTGUEQ[NKORKQRQUKDNG5KGUPGEGUCTKQ
KPUVCNGWPEQPFWEVQFGUWEEKP0WPECQDUVTW[CNCVQOCFGCKTG&GDGTGFWEKTUGCNOPKOQNC
GPVTCFCFGNCJWOGFCFSWGCEQORCCCNCKTGFGCURKTCEKP
&GDGTGVKTCTEWCNSWKGTDTKFCQDVWTCFQTCVCRPVCRCQDQNUCUFGFGUGECPVGCPVGUFGEQPGEVCTNCU
VWDGTCU
.CUOCPIWGTCUFGCKTGFGDGTPUGTFGNVCOCQEQTTGEVQ[CFGEWCFCUCNCRTGUKPFGVTCDCLQ0WPEC
WUGOCPIWGTCUFGUICUVCFCUFGVGTKQTCFCUQFGUJKNCEJCFCU.CUVWDGTCUFGFKUVTKDWEKP[UWU
EQPGZKQPGUFGDGTPUGTFGNVCOCQEQTTGEVQ[CFGEWCFCUCNCRTGUKPFGVTCDCLQ
'NCKTGCURKTCFQGUVCTNKDTGFGJWOQUQXCRQTGUKPHNCOCDNGURGLFKUQNXGPVGUFGRKPVWTCSWG
RQFTCPRTQFWEKTWPKPEGPFKQQGZRNQUKPKPVGTPC
%QNQSWGNCVQOCFGCKTGGPWPUKVKQFQPFGPQRWGFCCURKTCTTQRCUUWGNVCUFGNCURGTUQPCU
%QORTWGDGSWGNCVWDGTCFGFGUECTICSWGXCFGUFGGNEQORTGUQTCNTGHTKIGTCFQTRQUVGTKQTQCNCTGF
FGCKTGRWGFGFKNCVCTRQTGHGEVQUFGNECNQT[PQGUVGPEQPVCEVQEQPOCVGTKCNKPHNCOCDNGQEGTECFG
UVG
0QUGRWGFGGLGTEGTPKPIWPCHWGT\CGZVGTPCUQDTGNCXNXWNCFGUCNKFCFGCKTGGNVWDQEQPGEVCFQPQ
RWGFGGUVCTUQOGVKFQCGUHWGT\Q
5KUGKPUVCNCWPEQPVTQNTGOQVQNCOSWKPCNNGXCTWPECTVGNGPRQUKEKPXKUKDNGKPFKECPFQ2'.+)41
'UVCOSWKPCVKGPGEQPVTQNTGOQVQ[RWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'NQRGTCFQTFGDGCUGIWTCTUGFGSWGNCOSWKPCGUVRCTCFC[FGSWGGNKPVGTTWRVQTUGRCTCFQTGUV
CDKGTVQ[DNQSWGCFQCPVGUFGTGCNK\CTEWCNSWKGTOCPVGPKOKGPVQQTGRCTCEKP2CTCOC[QTUGIWTKFCF
NCURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUVXGTKHKECPFQNCOSWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECTWPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
.CUOSWKPCUTGHTKIGTCFCURQTCKTGFGDGPKPUVCNCTUGFGOCPGTCSWGUGFKURQPICFGWPHNWLQ
CFGEWCFQFGCKTGFGTGHTKIGTCEKP[SWGGNCKTGFGGUECRGPQTGEKTEWNGCNCGPVTCFC
.CUEQPGZKQPGUGNEVTKECUFGDGPTGCNK\CTUGFGCEWGTFQEQPNQUEFKIQUNQECNGU.CKPUVCNCEKPFGDG
TGCNK\CTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUGPVQFCUNCUHCUGU&GDG
KPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTFGGPGTICGNEVTKECEQPEKGTTGEGTECFGNEQORTGUQT
'POSWKPCUEQPUKUVGOCFGCTTCPSWGRCTCFCCWVQOVKEQQUKGUVCEVKXCFCNCHWPEKPFG
TGCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLGUGHKLCTEGTECFGNVCDNGTQFG
KPUVTWOGPVQUWPECTVGNSWGFKIC'UVCOSWKPCRWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'PNQUUKUVGOCUHQTOCFQURQTXCTKQUEQORTGUQTGUFGDGPKPUVCNCTUGXNXWNCUOCPWCNGURCTCCKUNCT
ECFCEQORTGUQT0QFGDGEQPHKCTUGGPNCUXNXWNCUCPVKTTGVQTPQ
XNXWNCUFGTGVGPEKPRCTCCKUNCT
UKUVGOCUCRTGUKP
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCOSWKPC%CFCTGEKRKGPVGCRTGUKPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
OSWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKPUWRGTKQTCNCCVOQUHTKECUGRTQVGIGTEQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKPUKGUVQHWGTCPGEGUCTKQ
&GDGRTQVGIGTQCKUNCTNCUVWDGTCUWQVTCURCTVGUSWGCNECPEGPVGORGTCVWTCUUWRGTKQTGUCNQUu%
u(SWGRWGFCVQECTCEEKFGPVCNOGPVGGNRGTUQPCNFWTCPVGGNHWPEKQPCOKGPVQPQTOCN.CUQVTCU
VWDGTCUCVGORGTCVWTCGNGXCFCUGOCTECTPCFGEWCFCOGPVG
2CTCXGTUKQPGUTGHTKIGTCFCURQTCIWCGNUKUVGOCFGCIWCFGTGHTKIGTCEKPKPUVCNCFQHWGTCFGNC
OSWKPCFGDGGUVCTRTQVGIKFQRQTWPFKURQUKVKXQFGUGIWTKFCFEQPRTGUKPFGCLWUVGEQPHQTOGCNC
RTGUKPOZKOCFGGPVTCFCFGCIWCFGTGHTKIGTCEKP
5KGNUWGNQPQGUVPKXGNCFQQRWGFGGUVCTUWLGVQCKPENKPCEKPXCTKCDNGEQPUWNVGCNHCDTKECPVG
%QPUWNVGVCODKPNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGHWPEKQPCOKGPVQ[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPXNKFCURCTCOSWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUVKRQUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGURTQRKCU
FGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECTEVGTIGPGTCN[UQPXNKFCURCTCXCTKQUVKRQUFG
OSWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCOSWKPC

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
GZRTGUCOGPVG
CRNKECTNCOUGUVTKEVC
NQECNGU
GPGTICGNEVTKEC
2TGECWEKQPGUFWTCPVGHWPEKQPCOKGPVQ
7UGUQNCOGPVGGNVKRQ[VCOCQEQTTGEVQUFGEQPGZKQPGU[CEEGUQTKQU#NUQRNCTCKTGCVTCXUFG
WPCOCPIWGTCQVWDGTCCUGITGUGFGSWGUGUWLGVCHKTOGOGPVGGNGZVTGOQCDKGTVQ7PGZVTGOQ
NKDTGIQNRGCTEQOQWPNVKIQ[RQFTECWUCTNGUKQPGU#UGITGUGFGSWGNCUOCPIWGTCUGUVP
EQORNGVCOGPVGFGURTGUWTK\CFCUCPVGUFGFGUEQPGEVCTNCU
.CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
CFKUVCPEKC
0WPECJCICHWPEKQPCTNQUITWRQUGPNWICTGUFQPFGGZKUVCNCRQUKDKNKFCFFGCURKTCTGOCPCEKQPGU
KPHNCOCDNGUQVZKECU
0WPECJCICHWPEKQPCTNCOSWKPCRQTFGDCLQQGPEKOCFGUWUNOKVGU
/CPVGPICEGTTCFCUVQFCUNCURWGTVCUFGNCECTTQEGTCFWTCPVGGNHWPEKQPCOKGPVQ5NQRWGFGP
CDTKTUGRQTDTGXGVKGORQRGLRCTCGHGEVWCTEQORTQDCEKQPGU7UGRTQVGEVQTGUFGQFQUCNCDTKTWPC
RWGTVC
.CURGTUQPCUSWGRGTOCPG\ECPGPWPCODKGPVGQWPCUCNCFQPFGGNPKXGNFGUQPKFQCNECPEGQ
GZEGFCF$
#FGDGPWUCTRTQVGEVQTGUFGQFQU
%QORTWGDGRGTKFKECOGPVGSWG
6QFCUNCURTQVGEEKQPGUUGGPEWGPVTCPGPUWNWICTRGTHGEVCOGPVGCUGIWTCFCU
6QFCUNCUOCPIWGTCU[QVWDGTCUFGPVTQFGNITWRQUGGPEWGPVTCPGPDWGPCUEQPFKEKQPGUDKGP
UWLGVCU[SWGPQUGTQ\CP
0QGZKUVGPHWICU
6QFQUNQUVGPUQTGUGUVPCRTGVCFQU
6QFQUNQUECDNGUGNEVTKEQUUGGPEWGPVTCPUGIWTQU[GPDWGPCUEQPFKEKQPGU
.CUXNXWNCUFGUGIWTKFCF[NQUQVTQUFKURQUKVKXQUFGGXCEWCEKPFGRTGUKPPQGUVPCVCUECFQU
RQTGUECOCUQRKPVWTC
.CXNXWNCFGUCNKFC[TGFFGCKTGGUFGEKTVWDQUCEQRNCOKGPVQUEQNGEVQTGUXNXWNCU
OCPIWGTCUGVEUGGPEWGPVTCPGPDWGPGUVCFQUKPFGUICUVGUCPQTOCNGU[VTCVCFQU
CFGEWCFCOGPVG
5KUGWUCGNCKTGFGTGHTKIGTCEKPECNKGPVGFGEQORTGUQTGUGPWPUKUVGOCFGECNGHCEEKPRQTCKTG
RGLRCTCECNGPVCTWPVCNNGTJC[SWGVQOCTRTGECWEKQPGUEQPVTCNCRQNWEKP[EQPVCOKPCEKP
GXGPVWCNFGNCKTGTGURKTCDNG
0QSWKVGPKPIWPCRCTVGFGNOCVGTKCNKPUQPQTK\CPVGPKNQECODKGFGUKVKQ
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCOSWKPC%CFCFGRUKVQCRTGUKPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
OSWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKPUWRGTKQTCNCCVOQUHTKECUGRTQVGIGTEQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKPUKGUVQHWGTCPGEGUCTKQ
FWTCPVGKPUVCNCEKP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQ
TGRCTCEKQPGU
GZRTGUCOGPVG
CRNKECTNCOUGUVTKEVC
NQECNGU
GPGTICGNEVTKEC
2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQTGRCTCEKQPGU
2PICUGUKGORTGWPCUICHCUFGUGIWTKFCF
7UGUQNCOGPVGNCUJGTTCOKGPVCUCFGEWCFCUCNVTCDCLQFGOCPVGPKOKGPVQ[TGRCTCEKP
5NQRQFTPWVKNK\CTUGTGRWGUVQUQTKIKPCNGU
.QUVTCDCLQUFGOCPVGPKOKGPVQUGNNGXCTPCECDQPKECOGPVGEWCPFQNCOSWKPCUGJC[CGPHTKCFQ
#FGOUGNGSWKRQFGCTTCPSWGFGDGNNGXCTWPECTVGNSWGFKICRGLUGGUVVTCDCLCPFQPQRQPGTGP
OCTEJC
.CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
CFKUVCPEKC
%KGTTGNCXNXWNCFGUCNKFCFGCKTGCPVGUFGEQPGEVCTQFGUEQPGEVCTWPCVWDGTC
#PVGUFGFGUOQPVCTEWCNSWKGTEQORQPGPVGRTGUWTK\CFQCUNGGNITWRQFGVQFCUNCUHWGPVGUFG
RTGUKP[CNKXKGVQFQGNUKUVGOCFGRTGUKP
0WPECWUGFKUQNXGPVGUKPHNCOCDNGUPKVGVTCENQTWTQFGECTDQPQRCTCNKORKCTNCURKG\CU6QOGOGFKFCU
FGUGIWTKFCFEQPVTCXCRQTGUVZKEQUFGNSWKFQUFGNKORKG\C
'ZVTGOGNCNKORKG\CFWTCPVGNQUVTCDCLQUFGOCPVGPKOKGPVQ[TGRCTCEKP%WDTCNCURKG\CU[NCU
CDGTVWTCUEQPWPRCQNKORKQRCRGNQEKPVCCFJGUKXCGXKVCPFQCUSWGRGPGVTGRQNXQ
0WPECUWGNFGPKNNGXGCECDQPKPIWPCQRGTCEKPSWGKORNKSWGGNWUQFGECNQTEGTECFGNUKUVGOCFG
CEGKVG.QUVCPSWGUFGCEGKVGFGDGPRWTICTUGEQORNGVCOGPVGEQPXCRQTRQTGLGORNQCPVGUFG
GHGEVWCTVCNGUQRGTCEKQPGU0QUWGNFGPKOQFKHKSWGPWPECTGEKRKGPVGUCRTGUKP
#NCOGPQTUGCNQUQURGEJCFGUQDTGECNGPVCOKGPVQFGWPCRCTVGKPVGTPCFGWPCOSWKPCFGDG
RCTCTUGUVC[PQCDTKTPKPIWPCVCRCFGKPURGEEKPJCUVCWPCXG\VTCPUEWTTKFQDCUVCPVGVKGORQFG
GPHTKCOKGPVQCHKPFGGXKVCTGNTKGUIQFGKIPKEKPGURQPVPGCFGNXCRQTFGCEGKVGCNGPVTCTGP
EQPVCEVQEQPGNCKTG
0WPECWVKNKEGWPCHWGPVGFGKNWOKPCEKPEQPNNCOCNKDTGRCTCKPURGEEKQPCTGNKPVGTKQTFGWPCOSWKPC
TGEKRKGPVGCRTGUKPGVE
#UGITGUGFGSWGPQJCPSWGFCFQJGTTCOKGPVCURKG\CUUWGNVCUQVTCRQUFGPVTQQGPEKOCFGNC
OSWKPC
6QFQUNQUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFFGDGPOCPVGPGTUGEQPGNFGDKFQEWKFCFQRCTC
ICTCPVK\CTSWGHWPEKQPCPEQTTGEVCOGPVG'UVRTQJKDKFQCRCICTGUVQUFKURQUKVKXQU
#PVGUFGFGLCTNCOSWKPCNKUVCRCTCWUQFGURWUFGNOCPVGPKOKGPVQQTGXKUKPEQORTWGDGSWGNCU
RTGUKQPGU[VGORGTCVWTCUFGHWPEKQPCOKGPVQ[NQUCLWUVGUFGVKGORQUQPEQTTGEVQU%QORTWGDGSWG
NQUFKURQUKVKXQUFGEQPVTQN[RCTCFCGUVPKPUVCNCFQU[HWPEKQPCPEQTTGEVCOGPVG5KUGJCSWKVCFQGN
IWCTFCCEQRNCOKGPVQFGNGLGFGCEEKQPCOKGPVQFGNEQORTGUQTEQORTWGDGSWGGUVTGKPUVCNCFQ
'ZCOKPGGNVWDQFGKORWNUKP[GNKPVGTKQTFGNFGRUKVQUGRCTCFQTFGCEGKVGECFCXG\SWGUGECODKG
GNGNGOGPVQUGRCTCFQTRCTCXGTUKGZKUVGPTGEKRKGPVGUUGRCTCFQTGUFGCEGKVGRCTCFGRUKVQUFG
ECTDP5KUQPGZEGUKXQUFGDGPTGVKTCTUG
2TQVGLCGNOQVQTGNHKNVTQFGCKTGNQUEQORQPGPVGUGNEVTKEQU[TGIWNCFQTGUGVEFGNCGPVTCFCFG
JWOGFCFRGLFWTCPVGNCNKORKG\CEQPXCRQT
#UGITGUGFGSWGVQFQGNOCVGTKCNKPUQPQTK\CPVGRGLGPNCECTTQEGTC[NQUUKUVGOCUFGGPVTCFC[
UCNKFCFGCKTGFGNEQORTGUQTUGJCNNCGPDWGPGUVCFQ'PECUQFGFCQTGGORNEGNQRQTOCVGTKCN
QTKIKPCNFGNHCDTKECPVGRCTCGXKVCTSWGCWOGPVGGNPKXGNFGRTGUKPFGUQPKFQ
0WPECWVKNKEGFKUQNXGPVGUEWUVKEQUSWGRWGFCPQECUKQPCTFCQCNOCVGTKCNFGNCTGFFGCKTGRGLNCU
VC\CUFGRQNKECTDQPCVQ
5GJCEGJKPECRKGPNCUUKIWKGPVGURTGECWEKQPGUFGUGIWTKFCFCNOCPGLCTGNTGHTKIGTCPVG
0WPECCURKTGNQUXCRQTGUFGNTGHTKIGTCPVG%QORTWGDGSWGGNTGCFGVTCDCLQGUVXGPVKNCFC
CFGEWCFCOGPVGWVKNKEGWPCOUECTCRTQVGEVQTCUKHWGTCPGEGUCTKQ
7UGUKGORTGIWCPVGUGURGEKCNGU'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGEQPNCRKGNGPLWCIWGEQP
CDWPFCPVGCIWC'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGNSWKFQEQPNCRKGNCVTCXUFGNCTQRCPQ
CTTCPSWGPKUGGZVTCKICNCRTGPFCOQLGNCTQRCCDWPFCPVGOGPVGEQPCIWCJCUVCSWGJC[C
FGUCRCTGEKFQVQFQGNTGHTKIGTCPVGCRNKSWGFGURWUNQURTKOGTQUCWZKNKQU
2PICUGUKGORTGIWCPVGURTQVGEVQTGURCTCGNKOKPCTGNTKGUIQFGNGUKQPGUECWUCFCURQTRKG\CUFG
OSWKPCUUQDTGECNGPVCFCURGLCNUCECTCEGKVG
FWTCPVGKPUVCNCEKP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG

&GUETKREKPIGPGTCN

+PVTQFWEEKP
8KUVCUIGPGTCNGU
8KUVCFGNCPVGTC

8KUVCVTCUGTC

4GH
&GUKIPCEKP
6QTTGFGCFUQTEKP#
6QTTGFGCFUQTEKP$
8NXWNCFGGPVTCFC
8NXWNCFGTGIGPGTCEKPVQTTG#
8NXWNCFGTGIGPGTCEKPVQTTG$
4GH
&GUKIPCEKP
8NXWNCFGUCNKFCVQTTG#
8NXWNCFGUCNKFCVQTTG$
8NXWNCFGTGVGPEKPCKTGFGTGIGPGTCEKPTGHTKIGTCEKPVQTTG#
8NXWNCFGTGVGPEKPCKTGFGTGIGPGTCEKPTGHTKIGTCEKPVQTTG$

5QRNCFQT

8NXWNCFGCKTGFGTGHTKIGTCEKP

8NXWNCUKPTGVQTPQUQRNCFQT

5KNGPEKCFQTXNXWNCFGGZRWNUKPVQTTG#
&&
(KNVTQFGWUQIGPGTCN
&&R
(KNVTQFGRQNXQ
'
2&
(KNVTQFGCNVCGHKEKGPEKC
2&2
5GPUQTFGRWPVQFGTQEQCRTGUKP
44
'NGOGPVQUECNGPVCFQTGU
5
$QVPFGRCTCFCFGGOGTIGPEKC
;
8NXWNCFGUQNGPQKFGVQTTG#
;
8NXWNCFGUQNGPQKFGVQTTG$
;
8NXWNCFGUQNGPQKFGXNXWNCFGGUECRG#
;
8NXWNCFGUQNGPQKFGXNXWNCFGGUECRG$
;
8NXWNCFGUQNGPQKFGCKTGFGTGHTKIGTCEKP
;
8NXWNCFGUCNKFCVQTTG#
;
8NXWNCFGUCNKFCVQTTG$
&GUETKREKP
.QUUGECFQTGUFGCKTG$&SWKVCPNCJWOGFCFFGNCKTGEQORTKOKFQOGFKCPVGCFUQTEKP'NUGECFQTFGCKTG
UGEQORQPGFGFQUVQTTGUUGECFQTCUSWGEQPVKGPGPFGUGECPVGU%WCPFQWPCFGNCUVQTTGUGUV
CFUQTDKGPFQJWOGFCFNCQVTCGUVTGIGPGTPFQUG#NECDQFGEWCVTQJQTCUUGKPVGTECODKCPNCU
HWPEKQPGU
&CFQSWGJC[WPOGFKFQTFGRWPVQFGTQEQCFKEKQPCNKPUVCNCFQGNVKGORQFGECODKQGPVTGNCUVQTTGU
RQFTCUGTUWRGTKQTRCTCCJQTTCTGPGTIC8CUGNCUGEEKP/GFKFQTFGRWPVQFGTQEQ
'NFGUGECPVGEQPUVCFGITCPQUFGUNKEGIGNCVKPQUC[QVCOK\OQNGEWNCTUGIPGNRWPVQFGTQEQ
TGSWGTKFQ'UVQURTQFWEGPRWPVQUFGTQEQFGu%
u(Cu%
u(7PCXG\SWGGNFGUGECPVG
GUVUCVWTCFQUGRWGFGTGIGPGTCTCVGORGTCVWTCUGPVTGu%
u([u%
u(
.CHQTOCNKUC[TGFQPFCFGNQUITCPQU[UWUWRGTHKEKGUCVKPCFC[XVTGCCUGIWTCPWPHNWLQWPKHQTOGOGPVG
FKUVTKDWKFQDCLCUECFCUFGRTGUKPDCLCHTKEEKP[WPCGOKUKPOW[DCLCFGRQNXQ
#EQPFKEKPFGSWGUGOCPVGPICDKGPGNUGECFQT[UGVTCDCLGGPEQPFKEKQPGUNCDQTCNGUPQTOCNGUNQU
ITCPQUFGUGECFQRWGFGPCFUQTDGTJWOGFCF[TGIGPGTCTUGWPC[QVTCXG\FWTCPVGCQUFG
HWPEKQPCOKGPVQEQPVKPWQ
7PVGTOQUVCVQEQPVTQNCNCVGORGTCVWTCFGTGIGPGTCEKP5GKPENW[GPHWPEKQPGUFGCNCTOCRCTCCNVC
VGORGTCVWTCFGTGIGPGTCEKPDCLCRTGUKPFGVTCDCLQHCNNQUFGECODKQGPVTGNCUVQTTGUGVE
%QPRQUVGTKQTKFCFCNUGECFQTUGJCKPUVCNCFQWPCXNXWNCFGRTGUKPOPKOCRCTCGXKVCTCNVCUXGNQEKFCFGU
FGHNWLQFGCKTG
XCUGNCUGEEKP8NXWNCFGRTGUKPOPKOC


%KTEWKVQFGCKTG
&KCITCOCFGHNWLQ
4GH
&GUKIPCEKP
5CNKFC
'PVTCFC
(KNVTQ
&GUETKREKP
'NCKTGEQORTKOKFQJOGFQGPVTCGPGNUKUVGOCOGFKCPVGNCXNXWNCFGGPVTCFC
[RCUCCNHQPFQFGWPC
FGNCUVQTTGU
#Q$&GURWUFGRCUCTRQTGNFGUGECPVGSWGCFUQTDGJWOGFCFGNCKTGEQORTKOKFQUGEQ
UCNGFGNUGECFQTRQTNCXNXWNCFGUCNKFC
.CJWOGFCFGPNCVQTTGUGECFQTCUGSWKVCFWTCPVGNC
TGIGPGTCEKP


%KTEWKVQFGTGIGPGTCEKP
&KCITCOCFGHNWLQ
4GH
&GUKIPCEKP
5CNKFC
'PVTCFC
(KNVTQ
&GUETKREKP
.QUITCPQUFGFGUGECPVGJOGFQUUGUGECPFWTCPVGNCGVCRCFGTGIGPGTCEKP.CVQTTGUGFGURTGUWTK\C
RQTOGFKQFGNCXNXWNCFGGZRWNUKP
;;7PHNWLQFGCKTGIGPGTCFQRQTXGPVKNCFQTRCUCOGFKCPVG
NCXNXWNCFGTGVGPEKP
JCEKCCDCLQCVTCXUFGNCECRCFGFGUGECPVGFGURWUFGUGTECNGPVCFQ
RQTNQUECNGPVCFQTGUGNEVTKEQU[HWGT\CNCJWOGFCFJCEKCGNGZVGTKQTCVTCXUFGNCXNXWNCFGUCNKFCFG
TGIGPGTCEKP

%QOQECTCEVGTUVKECGUVPFCTVQFQUNQUUGECFQTGU$&GUVPFQVCFQUFGWPUGPUQT
66SWGOQPKVQTK\C
NCVGORGTCVWTCFGUCNKFCFGTGIGPGTCEKP5KGUVCVGORGTCVWTCCNECP\CWPXCNQTRTGGUVCDNGEKFQGU
KPFKECFQTFGSWGGNTGEKRKGPVGUGJCTGIGPGTCFQUWHKEKGPVGOGPVG2QTEQPUKIWKGPVGNQUECNGPVCFQTGUUG
FGUEQPGEVCTPUKPVGPGTGPEWGPVCGNVKGORQFGNEKENQ'NTGUWNVCFQFGGUVCECTCEVGTUVKECUGTWPQU
EQPUKFGTCDNGUCJQTTQUFGGPGTICGURGEKCNOGPVGGPEQPFKEKQPGUFGECTICDCLC

'EWCNK\CEKPFGRTGUKP[TGHTKIGTCEKP
&KCITCOCFGHNWLQ

4GH
&GUKIPCEKP
5CNKFC
'PVTCFC
(KNVTQ
&GUETKREKP
&GURWUFGWPCUJQTCUFGTGIGPGTCEKPNQUGNGOGPVQUECNGPVCFQTGUUGFGUEQPGEVCP
CWVQOVKECOGPVG'NHNWLQFGCKTGIGPGTCFQRQTGNXGPVKNCFQTUKIWGRCUCPFQRQTNCVQTTGFWTCPVGQEJQ
OKPWVQUOU[CUGPHTCNCVQTTG[NQUGNGOGPVQUECNGPVCFQTGU.CXNXWNCFGCKTGFGTGHTKIGTCEKP
UG
CDTG[GNCKTGEQORTKOKFQUGEQGPHTCNCVQTTGFWTCPVGOKPWVQUCRTQZKOCFCOGPVG
#NHKPCNFGNCHCUGFGTGHTKIGTCEKPNCXNXWNCFGTGIGPGTCEKP
QUGEKGTTC[NCRTGUKPGPNCUVQTTGU
UGKIWCNC.CVQTTGGUVQVTCXG\NKUVCRCTCCFUQTDGTJWOGFCF

%CODKQFGVQTTGU
&GUETKREKP
&GURWUFGNCGEWCNK\CEKPFGNCRTGUKPGNUGECFQTRWGFGECODKCTFGWPCVQTTGCQVTCUKPQECUKQPCTWPC
ECFCFGRTGUKPGPNCTGFFGCKTG
'NCKTGEQORTKOKFQSWGGPVTCGPGNUKUVGOCCJQTCRCUCCNCQVTCVQTTG'PEWCPVQECODKGFGRQUKEKPNC
XNXWNCFGGPVTCFCUGCDTGNCXNXWNCFGGZRWNUKP
;Q;FGNCVQTTGSWGUGFGDGTGIGPGTCT
'PGNEKENQGUVPFCTFGHWPEKQPCOKGPVQFGNUGECFQTGNECODKQUGTGCNK\CECFCJQTCU'UVGKPVGTXCNQFG
ECODKQRWGFGRTQNQPICTUGJCUVCJQTCU[CSWGGNUGECFQTGUVFQVCFQFGWPOGFKFQTCFKEKQPCNFGN
RWPVQFGTQEQ
XCUGNCUGEEKP/GFKFQTFGRWPVQFGTQEQ5GIPNCUEQPFKEKQPGUFGECTICGN
TGUWNVCFQFGGUVCQREKPUGTWPQUEQPUKFGTCDNGUCJQTTQUFGGPGTIC
'NUGECFQTUNQRWGFGECODKCTFGWPCVQTTGCQVTCEWCPFQNCFKHGTGPEKCFGRTGUKPGPVTG
CODCUVQTTGUUGCKPHGTKQTCDCT
RUK

/GFKFQTFGRWPVQFGTQEQ
&GUETKREKP
'NOGFKFQTFGRWPVQFGTQEQEQPVTQNCGNEKENQFGHWPEKQPCOKGPVQFGNUGECFQT[OQPKVQTK\CGNRWPVQFG
TQEQCWOGPVCPFQNCRTGEKUKP[TGFWEKGPFQNQUEQUVGUFGQRGTCEKP5KGORTGSWGGNRWPVQFGTQEQUG
GPEWGPVTGRQTGPEKOCFGNXCNQTRTGGUVCDNGEKFQGNOGFKFQTKPVGTTWORKTGNRTQITCOCFGNUGECFQT

JQTCUOZKOQKORKFKGPFQSWGUVGRCUGFGWPCVQTTGCQVTC8CUGNCUGEEKP%KENQUFGHWPEKQPCOKGPVQ
#KTGEQORTKOKFQUKIWGRCUCPFQRQTGNUGECFQT%WCPFQGNRWPVQFGTQEQEQKPEKFCEQPGNXCNQT
RTGGUVCDNGEKFQGNTGIWNCFQT'NGMVTQPKMQPEQPVKPWCT[RGTOKVKTGNECODKQFGWPCVQTTGCQVTC
.CCNCTOCFGNRWPVQFGTQEQUGGPEWGPVTCCLWUVCFCCu%
u(0QQDUVCPVGUGRTQJDGCLWUVCTNCC
WPXCNQTKPHGTKQTCu%
u(
#NCEVKXCTGN2&2EQPVTQN
EQPVTQNFGRWPVQFGTQEQCRTGUKPGPGNOGPFGRCTOGVTQUGURQUKDNG
FGVGTOKPCTUKGNUGECFQTECODKCFGWPCVQTTGCQVTCUGIPWPRTQITCOCFGVKGORQRTGGUVCDNGEKFQQ
UGIPWPXCNQTRTGGUVCDNGEKFQ5KPGODCTIQGNUGECFQTGUKPECRC\FGECODKCTGPVTGNCUVQTTGUOUC
OGPWFQSWGECFCJQTCUKPFGRGPFKGPVGOGPVGFGNUKUVGOCFGEQPVTQNWUCFQ
'NUGPUQTFGDGUGTECNKDTCFQECFCCQ5GTGEQOKGPFCTGGORNC\CTGNHKNVTQFGCKTGCNKPGCFQFGNDNQSWG
UGPUQTWPCXG\CNCQ

#NCTTCPECTFGURWUFGWPNCTIQRGTKQFQFGKPCEVKXKFCFUGTGEQOKGPFCJCEGTHWPEKQPCT
GNUGECFQTGPWPEKENQHKLQFWTCPVGFC
+POGFKCVCOGPVGFGURWUFGNCTTCPSWGKPKEKCNFGNUGECFQTQFGURWUFGNTGNNGPCFQUG
TGEQOKGPFCCKUNCTGNUGPUQT2&2FWTCPVGCNOGPQUJQTCUOGFKCPVGNCXNXWNCFG
EKGTTG&GGUVCHQTOCUGGXKVCTSWGGNRQNXQFGNTGNNGPQFGNFGUGECPVGEQPVCOKPGGN
HKNVTQ[GNUGPUQT

8NXWNCFGRTGUKPOPKOC
&GUETKREKP
'NUGECFQTGUUGPUKDNGCCNVCUXGNQEKFCFGUFGNHNWLQFGCKTGRWGUVQSWGFCPNWICTCRGTVWTDCEKPGXGPVWCN
FGNCECRCFGFGUGECPVG'PVCNECUQGURQUKDNGSWGUGOG\ENGPNQUFKHGTGPVGUVKRQUFGFGUGECPVG[UG
TQEGPNQUITCPQURTQFWEGPCURQNXQCFKEKQPCN5GIGPGTCWPHNWLQCCNVCXGNQEKFCFCNCTTCPECTGN
EQORTGUQTEQPWPCTGFFGCKTGXCECQCNVTCDCLCTCWPCRTGUKPFGOCUKCFQDCLCFGNCKTGFGFGUECTIC
2WGFGSWGWPITCPXQNWOGPFGCKTGEQORTKOKFQFGUCNKFCCECDGGPWPCECFCFGRTGUKPNQSWGCUWXG\
CWOGPVCNCXGNQEKFCF
2QTGNNQEQPRQUVGTKQTKFCFCNUGECFQTUGJCKPUVCNCFQWPCXNXWNCFGRTGUKPOPKOCSWGTGIWNCNCRTGUKP
CWVQOVKECOGPVG.CRTGUKPFGCRGTVWTCFGFKEJCXNXWNCFGRTGUKPOPKOCFGDGCLWUVCTUGCWPC
RTGUKPKIWCNCNCRTGUKPFGHWPEKQPCOKGPVQOGPQUDCT
RUK
%QPUWNVGNCUKPUVTWEEKQPGUUWOKPKUVTCFCUEQPNCXNXWNCFGRTGUKPOPKOCRCTCKPUVCNCTNC
8CUGNCUGEEKP#LWUVGFGNRTGUQUVCVQFGNCXNXWNCFGRTGUKPOPKOCRCTCCLWUVCTNCRTGUKPFG
CRGTVWTCFGNCXNXWNCFGRTGUKPOPKOC

%KENQUFGHWPEKQPCOKGPVQ
&GUETKREKP
'NUGECFQT$&NQEQPVTQNCWPTGIWNCFQT'NGMVTQPKMQP
.QURCUQUFGNEKENQRTKPEKRCNUQPNQUUKIWKGPVGU

2CUQ
(WPEKPFGNCVQTTG#
(WPEKPFGNCVQTTG$
*QTC
2CTCFQ
2CTCFQ
%CODKQ
%CODKQ
#NKXKQFGRTGUKP
#FUQTEKP
OKP
#DTKTXNXWNCFGTGIGPGTCEKP
#FUQTEKP
UGI
#TTCPSWGFGUQRNCFQT
#FUQTEKP
5GEECNGHCEEKP
ECNGHCEEKPEQP #FUQTEKP
C[WFCFGUQRNCFQT
OKP
5GEGPHTKCOKGPVQ
GPHTKCOKGPVQ
EQPC[WFCFGUQRNCFQT
#FUQTEKP
OKP
5GEGPHTKCOKGPVQ
VKGORQFG
RCTCFCFGUQRNCFQT
#FUQTEKP
OKP
5GEECNGHCEEKP
ECNGHCEEKPEQP #FUQTEKP
C[WFCFGRWTIC
2CUQ
(WPEKPFGNCVQTTG#
(WPEKPFGNCVQTTG$
*QTC
5GEGPHTKCOKGPVQ
GPHTKCOKGPVQ
EQPC[WFCFGRWTIC
#FUQTEKP
OKP

+IWCNCEKPFGRTGUKP
#FUQTEKP
OKP

'URGTCT
#FUQTEKP

%CODKQ
%CODKQ

#FUQTEKP
#NKXKQFGRTGUKP
OKP

#FUQTEKP
#DTKTXNXWNCFGTGIGPGTCEKP
UGI

#FUQTEKP
#TTCPSWGFGUQRNCFQT

#FUQTEKP
5GEECNGHCEEKP
ECNGHCEEKPEQP OKP
C[WFCFGUQRNCFQT

#FUQTEKP
5GEGPHTKCOKGPVQ
GPHTKCOKGPVQ
EQPC[WFCFGUQRNCFQT
OKP

#FUQTEKP
5GEGPHTKCOKGPVQ
VKGORQFG
RCTCFCFGUQRNCFQT
OKP

#FUQTEKP
5GEECNGHCEEKP
ECNGHCEEKPEQP
C[WFCFGRWTIC

#FUQTEKP
5GEGPHTKCOKGPVQ
GPHTKCOKGPVQ
EQPC[WFCFGRWTIC
OKP

#FUQTEKP
+IWCNCEKPFGRTGUKP
OKP

#FUQTEKP
'URGTCT

#TTCPSWGUGECFQT
CNKXKQFG
RTGUKP
#FUQTEKP

#TTCPSWGUGECFQT
CDTKTXNXWNC
FGTGIGPGTCEKP
#FUQTEKP

#FUQTEKP
#TTCPSWGUGECFQT
CNKXKQFG
RTGUKP

#FUQTEKP
#TTCPSWGUGECFQT
CDTKTXNXWNC
FGTGIGPGTCEKP
UGI
UGI
5KNCTGIGPGTCEKPFGNFGUGECPVGUGEQORNGVCCPVGUFGCECDCTUGGNEKENQFGECNGHCEEKP
RCUQU[UWDKTNCVGORGTCVWTCGPNCUCNKFCFGTGIGPGTCEKP[GNUGPUQTFG
VGORGTCVWTC
66QDNKICTCNTGIWNCFQTCECODKCTCNUKIWKGPVGRCUQFGNEKENQ
RGL
GPHTKCOKGPVQEQPC[WFCFGUQRNCFQT
5KUGCEVKXCGNEKENQGZVGPFKFQFGRWPVQFGTQEQQGNEKENQFGTGIGPGTCEKPGUKPHGTKQTC
OKPWVQURQTSWGGNUGPUQTFGVGORGTCVWTC66TGFWEGGNEKENQFGECNGHCEEKPGN
UGECFQTUGOCPVGPFTGPOQFQFGGURGTC
RCUQU[
2CTCCRNKECEKQPGUFGVTCDCLQKPHGTKQTGUCDCT
GUGFGDGPVQOCTEQPFKEKQPGU
GURGEKCNGURCTCNCUGNGEEKPFGNUGECFQT
EQPUWNVGC#VNCU%QREQ
'NFKURNC[FGNRCPGNFGEQPVTQNOWGUVTCNQURWPVQUFGNEKENQGPSWGVTCDCLCPNCUVQTTGU[C[WFCCUC
QDUGTXCTGNHWPEKQPCOKGPVQ'NFKURNC[VCODKPRWGFGKPFKECTNCVGORGTCVWTCFGTGIGPGTCEKPNQUCLWUVGU
FGRTGUKP[VKGORQCUEQOQGNGUVCFQFGNCUXNXWNCUVGTOQUVCVQUKPFKECFQTFGRWPVQFGTQEQGVE
'NTGIWNCFQTOQUVTCTWPCXKUQUKNCRTGUKPFGHWPEKQPCOKGPVQFGUEKGPFGRQTFGDCLQFGNCLWUVGOPKOQ
FGDCT
GRUKI

#NXQNXGTCCTTCPECTGNUGECFQT
RGLFGURWUFGWPCRCIPQWPCRCTCFCFGCNCTOCFGUFGWPRCUQFG
ECNGHCEEKPQTGHTKIGTCEKPGNUGECFQTCTTCPECTGPGNRCUQQ
CTTCPSWGUGECFQTRCTCCNKXKCT
RTGUKPJCUVCSWGNCRTGUKPFGNTGEKRKGPVGCNECPEGWPXCNQTKPHGTKQTCDCTRUK#EQPVKPWCEKP
RTQUKIWGEQPNQURCUQUQ
CTTCPSWGUGECFQTRCTCCDTKTNCXNXWNCFGTGIGPGTCEKP#NECDQFG
UGIWPFQUGNUGECFQTXQNXGTCNRCUQGPGNSWGUGRTQFWLQGNHCNNQ


4GIWNCFQT'NGMVTQPKMQPs
2CPGNFGEQPVTQN
&GUETKREKPIGPGTCN
'NTGIWNCFQT'NGMVTQPKMQPEQPVTQNCGNUGECFQTCWVQOVKECOGPVGGUFGEKT
OCPVKGPGGUVCDNGGNRWPVQFGTQEQCRTGUKP
OQPKVQTK\CRTGUKQPGUVGORGTCVWTCUGKPVGTTWRVQTGUFKIKVCNGURCTCCUGIWTCTWPHWPEKQPCOKGPVQUGIWTQ
[FGVKGPGGNUGECFQTUKGORTGSWGUGCPGEGUCTKQ
XWGNXGCCTTCPECTGNUGECFQTEWCPFQUGTGSWKGTC
2CTCEQPVTQNCTGNUGECFQT[NGGT[OQFKHKECTNQURCTOGVTQURTQITCOCDNGUGNTGIWNCFQTGUVFQVCFQFGWP
RCPGNFGEQPVTQNRTQXKUVQFG
.'&SWGKPFKECPGNGUVCFQFGNUGECFQT
WPFKURNC[GPGNSWGUGKPFKECGNGUVCFQFGHWPEKQPCOKGPVQQNCRTGUGPEKCFGWPHCNNQ
VGENCURCTCEQPVTQNCTGNUGECFQT[VGPGTCEEGUQCNQUFCVQUTGEQRKNCFQURQTGNTGIWNCFQT
DQVQPGURCTCCTTCPECT[RCTCTOCPWCNOGPVGGNUGECFQT


2CPGNFGEQPVTQN
2CTVGU[HWPEKQPGU

4GHGTGPEKC
&GUKIPCEKP
(WPEKP
$QVPFGCTTCPSWG
$QVPRCTCCTTCPECTGNUGECFQT'N.'&
UG
GPEKGPFGRCTCKPFKECTSWGGNTGIWNCFQT
'NGMVTQPKMQPGUVQRGTCVKXQ
&KURNC[
/WGUVTCOGPUCLGUUQDTGGNGUVCFQFG
HWPEKQPCOKGPVQFGNUGECFQTNCPGEGUKFCFFG
CUKUVGPEKCVEPKECQWPCCXGTC
6GENCUFGFGURNC\COKGPVQ
6GENCURCTCFGURNC\CTUGJCEKCCTTKDCQCDCLQRQTGN
FKURNC[
6GENCFGVCDWNCEKP
6GENCRCTCUGNGEEKQPCTGNRCTOGVTQKPFKECFQRQTNC
HNGEJCJQTK\QPVCN5QNCOGPVGRWGFGPOQFKHKECTUG
NQURCTOGVTQUUGIWKFQUFGWPCHNGEJCSWGUGCNG
CNCFGTGEJC
6GENCUFGHWPEKP
6GENCURCTCEQPVTQNCT[RTQITCOCTGNUGECFQT
.'&FGXQNVCLGEQPGEVCFQ
+PFKECSWGGUVEQPGEVCFQGNXQNVCLG
.'&FGCNCTOCIGPGTCN
'UVGPEGPFKFQUKGZKUVGWPGUVCFQFGCXKUQCXKUQ
FGUGTXKEKQQCXKUQFGRCTCFCFGCNCTOC
.'&FGCNCTOCIGPGTCN
2CTRCFGCUKGZKUVGWPCEQPFKEKPFGRCTCFCFG
CNCTOCQUKJC[WPCCXGTCGPWPUGPUQT
KORQTVCPVG
.'&FGHWPEKQPCOKGPVQCWVQOVKEQ +PFKECSWGGNTGIWNCFQTEQPVTQNCGNUGECFQT
CWVQOVKECOGPVG
$QVPFGRCTCFC
$QVPRCTCRCTCTGNUGECFQT5GCRCICGN.'&

5
$QVPFGRCTCFCFGGOGTIGPEKC
$QVPRCTCRCTCTGNUGECFQTGPECUQFG
GOGTIGPEKC

6GENCUFGHWPEKP
2CPGNFGEQPVTQN
6GENCUFGHWPEKP
.CUVGENCU
UGWUCPRCTC
+PXQECTQRTQITCOCTCLWUVGU
4GCTOCTWPCUQDTGECTICFGNOQVQTQWPCRCTCFCFGCNCTOC
#EEGFGTCVQFQUNQUFCVQUTGEQIKFQURQTGNTGIWNCFQT
.CUHWPEKQPGUFGNCUVGENCUXCTCPUGIPGNOGPSWGUGOWGUVTC.CHWPEKPTGCNUGKPFKECLWUVQGPEKOC
FGNCVGENCEQTTGURQPFKGPVG#EQPVKPWCEKPUGEKVCPNCUHWPEKQPGUOUEQOWPGU
&GUKIPCEKP
(WPEKP
#CF
#CFGOCPFQUFGCTTCPSWGRCTCFCFGNUGECFQT
FCJQTC
#VT
8WGNXGCWPCQREKPQWPOGPSWGUGJCOQUVTCFQCPVGU
%CPE
%CPEGNCWPCLWUVGRTQITCOCFQCNRTQITCOCTRCTOGVTQU
$QTT
$QTTCOCPFQUFGCTTCPSWGRCTCFCFGNUGECFQT
#[WF
8CCNCFKTGEEKPFG#VNCU%QREQGP+PVGTPGV
.O
/WGUVTCNQUNOKVGURCTCWPCLWUVGRTQITCOCDNG
2TKP
8QNXGTFGUFGWPOGPCNC2CPVCNNCRTKPEKRCN
/GP
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCNQDVKGPGCEEGUQCNQUUWDOGPU
/GP
'ORG\CPFQFGUFGWPUWDOGPXWGNXGCWPOGPCPVGTKQT
/QF
/QFKHKECCLWUVGURTQITCOCDNGU
2TQI
2TQITCOCCLWUVGUOQFKHKECFQU
4GCT
4GCTOCWPVGORQTK\CFQTQWPOGPUCLG
8NXT
8WGNXGCWPCQREKPQWPOGPSWGUGJCOQUVTCFQCPVGU
#TTS
2CTCKPKEKCTNCRTWGDCHWPEKQPCNFGN'9&
'ZVT
'PEQPVTCTNCEQPHKIWTCEKPFGNOFWNQFGNTGIWNCFQT


6GENCUFGFGURNC\COKGPVQ
2CPGNFGEQPVTQN
.CUVGENCU
RGTOKVGPSWGGNWUWCTKQUGFGURNCEGRQTGNFKURNC[
/KGPVTCUUGOWGUVTGGPNCRQUKEKPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGCNGJCEKCCDCLQRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUODQNQRCTCFGURNC\CTUGCNEQORQPGPVGUKIWKGPVG
/KGPVTCUUGOWGUVTGGPNCRQUKEKPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGCNGJCEKCCTTKDCRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUODQNQRCTCFGURNC\CTUGCNEQORQPGPVGCPVGTKQT

2TQITCOCUFGEQPVTQN
&GUETKREKP
#HKPFGHCEKNKVCTNCRTQITCOCEKP[GNEQPVTQNUGJCPKORNGOGPVCFQRTQITCOCUFGEQPVTQNOCPFCFQURQT
OGPUGPGNTGIWNCFQT

(NWLQFGOGPURCTC$&JCUVC$&
UKORNKHKECFQ

/GPRTKPEKRCN
2TQITCOCT
(WPEKP
2CPVCNNCRTKPEKRCN
/WGUVTCGPHQTOCTGUWOKFCGNGUVCFQFGHWPEKQPCOKGPVQFGNUGECFQT'UNC
RWGTVCFGGPVTCFCCVQFCUNCUHWPEKQPGU
&CVQUFGGUVCFQ
+PXQECGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKPFGNUGECFQT
RCTCFCFGCNCTOC
[CXKUQ4GCTOCWPCRCTCFCFGCNCTOC[UQDTGECTICFGNOQVQT
&CVQUOGFKFQU
+PXQECNQUFCVQUCEVWCNOGPVGOGFKFQU[GNGUVCFQFGWPCUGTKGFGGPVTCFCU
%QPVCFQTGU
+PXQECNCUJQTCUFGHWPEKQPCOKGPVQJQTCUFGNTGIWNCFQT
OFWNQ[POGTQFG
CTTCPSWGUFGNOQVQT
'PUC[Q
'PUC[QFGFKURNC[
/QFKHKECTRCTOGVTQU
/QFKHKECNQUCLWUVGUFG
2CTOGVTQU
RGLOQFQFGHWPEKQPCOKGPVQFGNUGECFQT
2TQVGEEKQPGU
RGLCNVCRTGUKPGPUGECFQT
2NCPGUFGUGTXKEKQ
VGORQTK\CFQTGURCTCRNCPGUFGUGTXKEKQ
(WPEKQPGUFGTGNQL
OCPFQUFGCTTCPSWGRCTCFCCWVQOVKEQUFGNUGECFQT
%QPHKIWTCEKP
JQTCHGEJCKFKQOCFGXKUWCNK\CEKP
5GTXKEKQ
+PXQECRNCPGUFGUGTXKEKQ[TGCTOCGNVGORQTK\CFQTFGURWUFGNNGXCTCECDQ
NCUCEEKQPGUFGUGTXKEKQRGTVGPGEKGPVGUCWPRNCP
&CVQUIWCTFCFQU
+PXQECEKPFGNQUFCVQUIWCTFCFQUFCVQUFGNVKOCRCTCFCFGCNCTOC

/GP2CPVCNNCRTKPEKRCN
(WPEKP
2CPGNFGEQPVTQN
'NOGPFGNCRCPVCNNCRTKPEKRCNOWGUVTCGNGUVCFQFGHWPEKQPCOKGPVQFGNUGECFQT[GUNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGUKORNGOGPVCFCUGPGNTGIWNCFQT
2TQEGFKOKGPVQ
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQOVKECOGPVGCNEQPGEVCTNCEQTTKGPVG
5KPQUGWUCPPKNCUVGENCUFGHWPEKPPKNCUVGENCUEQPHNGEJC
[FWTCPVGCNIWPQUOKPWVQUGN
TGIWNCFQTXQNXGTCWVQOVKECOGPVGCNCRCPVCNNCRTKPEKRCN
5KGORTGSWGCRCTG\ECGPNCRCPVCNNCFGWPUWDOGPRWNUGNCVGENC 2TKP
(RCTCXQNXGTCNCRCPVCNNC
RTKPEKRCN

'LGORNQFG2CPVCNNCRTKPEKRCN
4ERVG
DCT

(
(
$*GCVKPI5GS
$5GE
ECNGHCEEKP
/GP
(

+PXQECEKPFGOGPU
&GUETKREKP
2CPGNFGEQPVTQN
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQOVKECOGPVGCNEQPGEVCTUGGNXQNVCLG
4ERVG
DCT

(
(
$*GCVKPI5GS
$5GE
ECNGHCEEKP
/GP
(
.CVGENCEQPHNGEJCCDCLQ
UGRWGFGWVKNK\CTRCTCWPCEQPUWNVCTRKFCFGNCUKVWCEKPCEVWCNFGNUGECFQT
&GURWUFGRWNUCTNCVGENC /GP
(NCQREKP &CVQUFGGUVCFQ CRCTGEGTUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGUVGOGP
1DKGPWVKNKEGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGGNUWDOGPFGUGCFQXC[CUGIWKFQFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGUVGOGP


%QPUWNVCTRKFCFGNGUVCFQCEVWCNFGNUGECFQT
2CPGNFGEQPVTQN
2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCNRWNUGNCVGENCEQPHNGEJCCDCLQCRCTGEGTWPCRCPVCNNCRCTGEKFCC
NCSWGUGKNWUVTCCEQPVKPWCEKP
1RGTCEKPCWVQOV
%QPVTQN.QECN
6GORQTK\CEVKXQ
2TKP
#[WF
'ZVT
(
(
(
.CNPGCKPFKECGNGUVCFQFGHWPEKQPCOKGPVQCWVQOVKEQQOCPWCNFGNTGIWNCFQT
1RGTCEKPCWVQOVUKIPKHKECSWGGNTGIWNCFQTCFCRVCCWVQOVKECOGPVGGNHWPEKQPCOKGPVQFGN
UGECFQT
.CNPGCKPFKECUKGNTGIWNCFQTHWPEKQPCGPGNOQFQFGEQPVTQNNQECNCFKUVCPEKCQ.#0
%QPVTQN.QECNUKIPKHKECSWGGUVPCEVKXCFQUNQUDQVQPGUFGCTTCPSWGRCTCFCGPGNRCPGNFGEQPVTQN
%QPVTQN4GOQVQUKIPKHKECSWGFKEJCUHWPEKQPGUGUVPIQDGTPCFCUCFKUVCPEKC%QPUWNVGC#VNCU
%QREQ
%QPVTQN.#0UKIPKHKECSWGGNUGECFQTRWGFGEQPVTQNCTUGEQPWPEQPVTQNCFQT'5
.CNPGCKPFKECUKGUVCEVKXCFQQPQGNVGORQTK\CFQTSWGIGPGTCOCPFQUFGCTTCPSWG[RCTCFCDCUCFQU
GPVKGORQ8CUGNCUGEEKP2TQITCOCT(WPEKPFGTGNQL
8CUGNCUGEEKP6GENCUFGHWPEKPRCTCNCUHWPEKQPGUFGNCUVGENCU2TKP#[WF['ZVT
2WNUGNCVGENCEQPHNGEJCCDCLQRCTCQDVGPGTQVTQUFCVQU
EQPFKEKQPGUCEVWCNGUFGNUGECFQTEQOQUG
OWGUVTCGPNCUGEEKP2TQITCOCUFGEQPVTQN


/GP&CVQUFGGUVCFQ
(WPEKP
2CPGNFGEQPVTQN
'NUWDOGPFGFCVQUFGGUVCFQFCKPHQTOCEKPUQDTGGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKPFGN
UGECFQT
RCTCFCFGCNCTOC[CXKUQ[RGTOKVGSWGUGTGCTOGWPCRCTCFCFGCNCTOC[UQDTGECTICFGN
OQVQTFGNUQRNCFQT
2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNCRCPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN
2WNUGNCVGENC/GP
(NCQREKP&CVQUFGGUVCFQUGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN

0QGZKUVGPQVKEKC
'N.'&
FGCNCTOCIGPGTCNGUVCRCICFQ[NCPQVKEKCGPGNFKURNC[KPFKECSWGVQFCUNCUEQPFKEKQPGU
UQPPQTOCNGU
6QFCUNCUEQPFE
UQP1-

/GP
#[WF
(
(
(
'ZKUVGWPOGPUCLGFGRCTCFCFGCNCTOC
'N.'&
RCTRCFGC[CRCTGEGCWVQOVKECOGPVGWPOGPUCLGSWGKPFKECNCECWUCGPGNFKURNC[UKUGRCTC
GNUGECFQT
'LGORNQFGNCKPFKECEKPGPECUQFGWPCRCTCFCFGCNCTOC
2TGUKP5QRNCFQT
DCT
2TF

/Z
/GP
(

4GCT
(
(
.QUKPFKECFQTGU
RCTRCFGCP.CRCPVCNNCOWGUVTCGNUGPUQT2TGUKP5QRNCFQTNCNGEVWTCCEVWCN

DCTNCRCTCFCFGNUGECFQT2TF[GNCLWUVGFGRCTCFCFGCNCTOC
DCT

5KIWGUKGPFQRQUKDNGFGURNC\CTUGRQTQVTQUOGPURGLRCTCEQORTQDCTNQUXCNQTGUFGQVTQURCTOGVTQU
2CTRCFGCTNCQREKP2CTCFCUCNTGVQTPCTCNOGPFG&CVQUFGGUVCFQ&KEJCQREKPRWGFG
UGNGEEKQPCTUGRWNUCPFQNCVGENCFGVCDWNCEKP
RCTCXQNXGTCNCRCPVCNNCFGRCTCFC
4GCTOGFGRCTCFCFGCNCTOC
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTC7PCXG\UQNWEKQPCFQGN
RTQDNGOCEQPGEVGGNXQNVCLG[RWNUGNCVGENC4GCT
(
2WNUGNCUVGENCU/GP[2TKPERCTCXQNXGTCNCRCPVCNNCRTKPEKRCN[TGCTTCPSWGGNUGECFQTRQTOGFKQ
FGNDQVPFGCTTCPSWG

'ZKUVGWPOGPUCLGFGCXKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KGZKUVGWPCXKUQFGRCTCFCFGCNCTOCGUVGPEGPFKFQGN.'&
.CRCPVCNNCRTKPEKRCNUGECODKCTC
WPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
4ERVG
DCT

#XKUQRCTCFC
/GP
(

(
(
#RCTGEGGNOGPUCLG#XKUQRCTCFC
2WNUGNCVGENC/GP
([NCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGNOGPFG &CVQUFGGUVCFQ
RCTRCFGCNCQREKP 2TQVGEEKP
&GURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP
NCQREKP#XKUQU
RCTRCFGCFGURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP
#RCTGEGWPC
RCPVCNNCRCTGEKFCCNCSWGUGOWGUVTCCDCLQ
2TGUKP5QRNCFQT
DCT

2TFC/Z

/GP
(
(
(
.CRCPVCNNCKPFKECSWGNC2TGUKP5QRNCFQTJCUWDKFQRQTGPEKOCFGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
RTQITCOCFQ
'NOGPUCLGFGCXKUQFGUCRCTGEGTCWVQOVKECOGPVGGPEWCPVQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ
5QNWEKQPCTNCCXGTC
'ZKUVGWPOGPUCLGFGCXKUQFGUGTXKEKQ
'N.'&
GUVGPEGPFKFQ[NCRCPVCNNCRTKPEKRCNUGECODKCTCWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG

4ERVG
DCT

5GTX4GSWKT
5GTXTGSWGT
/GP
(

(
(
.QUKPFKECFQTGURCTRCFGCP[CRCTGEGNCPQVKEKCFGCXKUQFGUGTXKEKQ
2WNUGNCVGENC/GP
([NCVGENCFGVCDWNCEKP
RCTCUGNGEEKQPCTGNOGPFG &CVQUFGGUVCFQ
RCTRCFGCNCQREKP 5GTXKEKQ
&GURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP

2WGFGSWGRCTRCFGGPFQUQREKQPGU
'PVTCFCUUKUGGZEGFGGNPKXGNFGUGTXKEKQRTQITCOCFQFGWPEQORQPGPVG
RGLNCXKFCVKNOZKOC
FGNFGUGECPVG
2NCPUKUGGZEGFGGNKPVGTXCNQFGWPRNCPFGUGTXKEKQ
2CTGGNUGECFQT[FGUEQPGEVGGNXQNVCLG
5KGNCXKUQFGUGTXKEKQJCECTGHGTGPEKCC'PVTCFCU
XKFCVKNFGNFGUGECPVGUWUVKVW[CGNFGUGECPVG
EQPGEVGGNXQNVCLGFGURNEGUGGPGNOGPFG&CVQUFGGUVCFQJCUVC'PVTCFCU[RWNUGNCVGENC4GCT
(RCTCTGUVCDNGEGTGNOGPUCLGFGUGTXKEKQ
5KGNOGPUCLGFGUGTXKEKQJCECTGHGTGPEKCC2NCPTGCNKEGNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQURNCPGU
KPFKECFQU4GCTOGNQUVGORQTK\CFQTGUFGNQURNCPGUGPEWGUVKPFGNCOCPGTCFGUETKVCGPNCUGEEKP
/GP5GTXKEKQ
'ZKUVGWPCPQVKEKCFGCXKUQ
'UVGPEGPFKFQGN.'&
[CRCTGEGTGPNCRCPVCNNCWPOGPUCLGFGCXKUQ
.QUKPFKECFQTGURCTRCFGCP[CRCTGEGNCPQVKEKCFGCXKUQ
2CTGGNUGECFQT
&GUEQPGEVGGNXQNVCLGTGXKUGGNUGECFQT[JCICNCUIGUVKQPGUPGEGUCTKCU

/GP&CVQUOGFKFQU
2CPGNFGEQPVTQN

(WPEKP
+PXQECTKPHQTOCEKPCEGTECFGNQUFCVQUOGFKFQUCEVWCNOGPVG[GNGUVCFQFGCNIWPCUGPVTCFCU%QPUWNVG
GNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
2WNUGNCVGENC/GP
(
2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWG&CVQUOGFKFQUCRCTG\ECUGIWKFQFGWPCHNGEJC
JQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
CRCTGEGTNCRCPVCNNCUKIWKGPVG
4ERVG#
DCT

/GP
(
'ZVT
(
(
#NRWNUCTNCVGENCEQPHNGEJCCDCLQ
UGRWGFGGPEQPVTCTWPCUGTKGFGFCVQUOGFKFQUCEVWCNOGPVG
5KWPQFGNQUUGPUQTGUGUVEQPGEVCFQCWPCHWPEKPFGRCTCFCFGCNCTOCGURQUKDNGKPXQECTVCPVQGN
XCNQTCEVWCNOGPVGOGFKFQEQOQGNPKXGNEQTTGURQPFKGPVGFGRCTCFCFGCNCTOCEQPVCPUNQRWNUCTNC
VGENC

/GP%QPVCFQTGU
2CPGNFGEQPVTQN
(WPEKP
2CTCKPXQECT
.CUJQTCUFGHWPEKQPCOKGPVQ
'NPOGTQFGJQTCUSWGGNTGIWNCFQT
OFWNQJCGUVCFQDCLQVGPUKP

'NVKGORQFGGUVCFQRTQITCOCFQ
'NVKGORQFGUGOKEKENQTGCN
'NVKGORQFGUGOKEKENQRTQITCOCFQ
2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
EQPUWNVGNCUGEEKP/GPFG2CPVCNNCRTKPEKRCN
2WNUGNCVGENC/GP
(
JCUVCSWGNCQREKP%QPVCFQTGUXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
RCTCCEVKXCTGNOGP
#NRWNUCTNCVGENCEQPHNGEJC
UGRWGFGPGPEQPVTCTNQUFCVQUOGPEKQPCFQUCPVGTKQTOGPVG
'LGORNQFGWPCRCPVCNNC%QPVCFQTGU
*QTCUFGHWPEKQPCOKGPVQ
J

/GP
(

(
(
/GP2TWGDC
2CPGNFGEQPVTQN
(WPEKP
.NGXCTCECDQWPCRTWGDCFGFKURNC[GUFGEKTEQORTQDCTUKGNFKURNC[[NQU.'&UKIWGPKPVCEVQU
2TQDCTGNFKURNC[
2WNUGNCVGENC/GP
(
JCUVCSWGNCQREKP2TWGDCXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

.CQREKP2TQDCTRCPVCNNCUGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN
2CTCRTQDCTGNFKURNC[RWNUGNCVGENC
&WTCPVGNCRTWGDCGNTGIWNCFQTIGPGTCTWPCUGTKGFG
RCVTQPGUGPGNFKURNC[SWGRGTOKVGPCNWUWCTKQEQORTQDCTSWGECFCRZGNHWPEKQPCCPFGHQTOC
PQTOCNNQU.'&UGGPEKGPFGPCNCXG\

/GP/QFKHKECEKPFGRCTOGVTQU
(WPEKP
/QFKHKECTWPPOGTQFGCLWUVGURTQITCOCDNGU
2CTOGVTQU
XCUGNCUGEEKP/QFKHKECEKPFGNQUCLWUVGUFGRCTOGVTQU
2TQVGEEKQPGU
XCUGNCUGEEKP/QFKHKECTRTQVGEEKQPGU
#LWUVGUFGRNCPGUFGUGTXKEKQ
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGRNCPGUUGTXKEKQ
#LWUVGUFGNCHWPEKPFG4GNQL
XCUGNCUGEEKP2TQITCOCT(WPEKPFGTGNQL
#LWUVGUFGEQPHKIWTCEKP
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGEQPHKIWTCEKP

/QFKHKECEKPFGNQUCLWUVGUFGRCTOGVTQU
2CPGNFGEQPVTQN
(WPEKP
/QFKHKECT
GNCLWUVGFGNEQPVTQN2&2
GN2&2RTQITCOCFQ
/QFKHKECEKPFGNCLWUVGFGNEQPVTQN2&2
2WNUGNCVGENC/GP
(
JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

'NRTKOGTEQORQPGPVG2CTOGVTQUCRCTGEGTUGIWKFQFGWPCHNGEJCJQTK\QPVCN

RCTCCEVKXCTGNOGPGNRTKOGTEQORQPGPVGGU2&2EQPVTQN
%QPVTQN
2&2
2&2EQPVTQN
%QPVTQN2&2
#EVKXCFQ
/GP
/QF
(
(
(
2CTCOQFKHKECTGUVGCLWUVGRWNUGNCVGENC/QF
(UGOWGUVTCNCRCPVCNNCUKIWKGPVG
2&2%QPVTQN
%QPVTQN2&2
#EVKXCFQ

2TQI
(
%CPE
(
(
'NCLWUVG#EVKXCFQRCTRCFGCECODKGGNOQFQFGHWPEKQPCOKGPVQEQPC[WFCFGNCUVGENCUFG
FGURNC\COKGPVQ
2WNUGNCVGENC2TQI
(RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC%CPE
(RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKP
/QFKHKECEKPFGN2&2RTQITCOCFQ
EQPUWNVGNCUGEEKP2CPVCNNCRTKPEKRCN
RWNUGNCVGENC /GP
(
RWNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWG /QFKHKERCTOGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
RWNUGNCVGENCFGVCDWNCEKP
RCTCCEVKXCTGNOGP
.CRTKOGTCQREKP2CTOGVTQUUGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN
RCTCCEVKXCTGNOGP
2WNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWGCRCTG\ECNCQREKP2TQITCOOGF2&2
2&2RTQITCOCFQ
.CRCPVCNNCOWGUVTCSWGGN2&2RTQITCOCFQCEVWCNGUu%
2CTCOQFKHKECTGUVGCLWUVGRWNUGNCVGENC/QF
(UGOWGUVTCNCRCPVCNNCUKIWKGPVG
2&2RTQITCOCFQ
u%

2TQI
.O
%CPE
(
(
(
'NCLWUVGRCTRCFGCECODKGGNXCNQTEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ%QPC[WFCFGNC
VGENC .O
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCTOGVTQ
2WNUGNCVGENC 2TQI
(RCTCRTQITCOCTGNPWGXQOQFQQNCVGENC %CPE
(RCTCECPEGNCTGN


/QFKHKECEKPFGNQUCLWUVGUFGRTQVGEEKP
(WPEKP
2CTCOQFKHKECTNQUCLWUVGUFGRTQVGEEKPRGLNCVGORGTCVWTC5CNECNGPVCFQTOZKOC.CNKUVCFG
RCTOGVTQUUGOWGUVTCGPNCUGEEKP2TQITCOCUFGEQPVTQN.QURCTOGVTQUFGRTQVGEEKPFGNQU
UGECFQTGU$&GUVPEQPHKIWTCFQUGPHDTKEC[PQRTGEKUCPCLWUVG
2TQEGFKOKGPVQ
EQPUWNVGNCUGEEKP2CPVCNNCRTKPEKRCN
RWNUGNCVGENC/GP
(
RWNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWG /QFKHKERCTOGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
RWNUGNCVGENCFGVCDWNCEKPRCTCCEVKXCTGNOGP
2WNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWGNCQREKP2TQVGEEKQPGUXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKPCRCTGEGTPGNRTKOGTEQORQPGPVG
RGL4ERVG#[UWXCNQT
2WNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWGGNRCTOGVTQSWGFGUGCEQORTQDCT
RGL5CNECNGPVCFQT
XC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN[RWNUGNCVGENCFGVCDWNCEKP
5CNECNGPVCFQT
u%

2TF
/Z
#VT
/QF
(
(
u%
(
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGUFGu%[SWGGNCLWUVGFGRCTCFCFGCNCTOCGUFG
u%
.CHNGEJCCNCFGTGEJCFGNCRCPVCNNCKPFKECSWGGURQUKDNGKPXQECTGNXCNQTFGCXKUQFGRCTCFCFG
CNCTOCRWNUCPFQNCVGENCFGVCDWNCEKP
5CNECNGPVCFQT
u%

2TFC/Z
u%
#VT
/QF
(
(
(
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCCEVWCNGUFGu%[SWGGNCLWUVGFGCXKUQFGRCTCFCFG
CNCTOCGUFGu%
2CTCCNIWPQUCLWUVGUGURQUKDNGRTQITCOCTWPTGVTCUQ
4GVTCUQCNCUGCN


/QFKHKECEKPFG2NCPGUFGUGTXKEKQ
2CPGNFGEQPVTQN
(WPEKP
/QFKHKECTNQUKPVGTXCNQUFGJQTCURCTCNQUPKXGNGUFGUGTXKEKQ
%QPUWNVGUKGORTGCN%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQRCTCOQFKHKECTGN
CLWUVGFGWPVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGTNQUKPFKECFQUCDCLQ[
FGDGPEQKPEKFKTNIKECOGPVG
'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.ORCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ
2NCPGUFGUGTXKEKQ
.CUCEEKQPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGXCPCITWRCFCUGPRNCPGUNNCOCFQU0KXGNFGUGTXKEKQ#$
Q%#NCNECP\CTWPKPVGTXCNQCRCTGEGTWPCPQVKEKCGPNCRCPVCNNCSWGKPFKECSW2NCPGUFGUGTXKEKQ
FGDGPTGCNK\CTUG
+PVGTXCNQURTQITCOCFQUFGRNCPGUFGUGTXKEKQ
2NCPGUFGUGTXKEKQ
+PVGTXCNQU
2NCPFGUGTXKEKQ#
%CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ$
2NCPFGUGTXKEKQ%
2NCPFGUGTXKEKQ&
#EEKQPGUFGUGTXKEKQTGUWNVCPVGUSWGUGFGDGTPTGCNK\CT
#EEKQPGUFGUGTXKEKQ
EQPHQTOGC
%QP
2NCPFGUGTXKEKQ#
JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#[$
2NCPFGUGTXKEKQ#$[%
2NCPFGUGTXKEKQ#$[&

2TQEGFKOKGPVQ
2WNUGNCVGENC /GP
(

JCUVCSWG2NCP5GTXKEKQXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
6GORQTUGTXKEKQ
*QTCU(PEVQ
JTU

/GP
(
(
(
.CRCPVCNNCKPFKECNCUJQTCUFGHWPEKQPCOKGPVQCEVWCNGU
CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG
6GORQTUGTXKEKQ
0KXGN
JTU

/GP
/QF
(
(
(
.CRCPVCNNCKPFKECSWGGNPKXGNRCTCGN2NCPFGUGTXKEKQ#UGGPEWGPVTCCLWUVCFQCJQTCUFG
HWPEKQPCOKGPVQ
2WNUGNCVGENC/QF
(%QPC[WFCFGNCVGENC.O
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTC
GNRCTOGVTQ%CODKGGNKPVGTXCNQEQPC[WFCFGNCUVGENCUEQPHNGEJCCTTKDC[HNGEJCCDCLQ
2WNUGNCVGENC 2TQI
(RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE
(RCTCECPEGNCTGN
'NRTQEGFKOKGPVQRCTCOQFKHKECTNQURNCPGUFGUGTXKEKQ$%[&GUUKOKNCT

2TQITCOCEKPFG(WPEKPTGNQL
2CPGNFGEQPVTQN

(WPEKP
2TQITCOCTOCPFQUETQPQNIKEQUFGCTTCPSWGRCTCFCRCTCGNUGECFQT
2TQITCOCTOCPFQUFGCTTCPSWGRCTCFC
'PGNRTGUGPVGGLGORNQGNUGECFQTXCRTQITCOCFQFGNCOCPGTCUKIWKGPVG
'NNWPGUCNCUCTTCPECT
'NXKGTPGUCNCURCTCT
2WNUGNCVGENC/GP
(

JCUVCSWGNCQREKP(WPEKPTGNQLXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
UGOWGUVTCNCRCPVCNNCUKIWKGPVG
.WPGU
/CTVGU
/KTEQNGU
/GP
(
$QTT
(
(
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
JCUVCSWGGNFCRCTCGNSWGFGDGRTQITCOCTUGWPOCPFQ
CRCTG\ECUGIWKFQFGWPCHNGEJCCNCFGTGEJC2WNUGNCVGENCFGVCDWNCEKP
UGOWGUVTCNCRCPVCNNC
UKIWKGPVG

/GP
/QF
$QTT
(
(
(
2WNUGNCVGENC/QF
(2CTRCFGCTPNCUFQURTKOGTCUTC[CU2WNUGNCUVGENCUFGFGURNC\COKGPVQ

RCTCKPVTQFWEKT2WNUGNCVGENCFGVCDWNCEKP
RCTCFGURNC\CTUGCNCUFQUTC[CUSWGUKIWGP2WNUG
NCUVGENCUFGFGURNC\COKGPVQRCTCKPVTQFWEKT2WNUGNCVGENCFGVCDWNCEKPRCTCFGURNC\CTUGCNCHKNC
FGTC[CU2WNUGNCUVGENCUFGFGURNC\COKGPVQRCTCKPVTQFWEKTGNOCPFQ#TTCPSWG
2WNUGNCVGENC2TQIRCTCRTQITCOCTGNOCPFQ#TTCPSWG
2WNUGNCVGENC/GP
([FGURNEGUGC8KGTPGU

,WGXGU
8KGTPGU
5DCFQ
/GP
$QTT
(
(
(
5GRTQITCOCGNOCPFQFGRCTCFCCNCUFGWPOQFQUKOKNCTCNFGUETKVQCPVGTKQTOGPVG
#EVKXCTFGUCEVKXCTGNVGORQTK\CFQT
'NVGORQTK\CFQTRWGFGCEVKXCTUGPKECOGPVGUKUGGPEWGPVTCRTQITCOCFQCNOGPQUWPOCPFQFG
CTTCPSWGRCTCFC
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC/GP
(
RCTCCEVKXCTGNOGP
2WNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWGNCQREKP(WPEKPTGNQLXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP
#RCTGEGTNCRCPVCNNCUKIWKGPVG
(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
2WNUGNCVGENC/QF0QCEVKXCFQGORKG\CCRCTRCFGCT
0QCEVKXCFQECODKCC#EVKXCFQ
2WNUGNCVGENC2TQI
'URTGEKUQRTQITCOCTNQUOCPFQUFGCTTCPSWGRCTCFCGPQTFGPETQPQNIKEQ*C[SWG
RTQITCOCTNQUOCPFQUFGNWPGUCFQOKPIQRGL
CTTCPSWG
RCTCFC
#UGITGUGSWGGUVCEVKXCFCNCHWPEKPFGNVGORQTK\CFQT
#EVKXCFC'PECUQ
PGICVKXQPQUGEWORNKTPNQUOCPFQUFGCTTCPSWGRCTCFCRTQITCOCFQU
'URQUKDNGXQNXGTCFGUCEVKXCTGNVGORQTK\CFQT'PVCNECUQGNTGIWNCFQTPQEWORNKTNQU
OCPFQUFGCTTCPSWGRCTCFCRTQITCOCFQU
UKPGODCTIQUGEQPUGTXCTPGPNCOGOQTKC
FGNTGIWNCFQT
/QFKHKECEKPFGWPOCPFQ
5WRQPICSWGFGDGOQFKHKECTUGGNOCPFQFGRCTCFCFGNUGECFQTFGNXKGTPGUCNCUEQPRCTCFCCNCU
GPXG\FGCNCU
'ORG\CPFQGPNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC/GP
(RWNUGNCVGENCEQPHNGEJCCDCLQ

JCUVCSWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

JQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKPUGOWGUVTCNCRCPVCNNCUKIWKGPVG

(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
.WPGU
/CTVGU
/KTEQNGU
/GP
(
$QTT
(
(
&GURNEGUGRQTGNFKURNC[JCUVCSWG8KGTPGUCRCTG\ECUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNC
VGENCFGVCDWNCEKP
5KGUPGEGUCTKQFGURNEGUGRQTNQUOCPFQUJCUVCSWGCRCTG\ECGNOCPFQSWG
UGXCCOQFKHKECTUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENC/QFGORKG\CPCRCTRCFGCTNQU
FQURTKOGTQUFIKVQUFGNOCPFQ/QFKHKSWGEQOQNQPGEGUKVGOGFKCPVGNCUVGENCUFGFGURNC\COKGPVQ
GUFGEKTECODKGCEQPNCVGENCEQPHNGEJCCTTKDC

5KGURTGEKUQRWNUGNCVGENCFGVCDWNCEKP
RCTCRCUCTCNECORQUKIWKGPVGSWGFGDGOQFKHKECTUGNC
KPFKECEKPFGNQUOKPWVQU[NCFGCTTCPSWGRCTCFC
2WNUGNCVGENC2TQIRCTCRTQITCOCTGNPWGXQOCPFQQNCVGENC%CPERCTCUCNKTUKPTGRTQITCOCT
#CFKTWPOCPFQCNHKPCNFGWPCNKUVCGZKUVGPVG
(RWNUGNCVGENCEQPHNGEJCCDCLQJCUVC
SWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
5WRQPICSWGFGDGCCFKTUGCNCNKUVCFGNNWPGUGNOCPFQFGRCTCFCFGNUGECFQTCNCU
.WPGU
/CTVGU
/KTEQNGU
/GP
(
$QTT
(
(

&GURNEGUGRQTGNFKURNC[JCUVCSWG.WPGUXC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG
VCDWNCEKP
&GURNEGUGRQTNQUOCPFQUFGCTTCPSWGRCTCFCFGNUGECFQTJCUVCSWGNCRTKOGTCNPGC
FGOCPFQUXCECCRCTG\ECKPFKECFCRQTNCHNGEJCJQTK\QPVCN
2WNUGNCVGENC/QFNQUFQURTKOGTQUFIKVQUGORKG\CPCRCTRCFGCT+PVTQFW\EC2CTCFCEQP
C[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
RCTCOQFKHKECTWPECORQ[NCVGENCFGVCDWNCEKP
RCTC
FGURNC\CTUGFGWPECORQCQVTQ
2WNUGNCVGENC2TQIRCTCRTQITCOCTGNPWGXQOCPFQQNCVGENC%CPERCTCUCNKTUKPTGRTQITCOCT
$QTTCTWPOCPFQ
(RWNUGNCVGENCEQPHNGEJCCDCLQJCUVC
SWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN

2WNUGNCUVGENCUFGFGURNC\COKGPVQ
(WPEKPTGNQL
0QCEVKXCFQ

/GP
/QF
$QTT
(
(
(
$QTTCTVQFQUNQUOCPFQU
2WNUGNCVGENC$QTTGPNCRCPVCNNCCTTKDC#RCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKPFG
DQTTCT
$QTTCTVQFQUNQUOCPFQUFGWPFCGURGEHKEQ
2WNUGNCVGENCFGVCDWNCEKP[FGURNEGUGRQTGNFKURNC[JCUVCSWGGNFCSWGNGKPVGTGUGCRCTG\EC
UGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENC$QTTCRCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNC
QRGTCEKPFGDQTTCT
$QTTCTWPOCPFQGURGEHKEQ
2WNUGNCVGENCFGVCDWNCEKP[FGURNEGUGRQTGNFKURNC[JCUVCSWGGNOCPFQRQTDQTTCTCRCTG\EC
UGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENC$QTTCRCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNC
QRGTCEKPFGDQTTCT

/QFKHKECEKPFGCLWUVGUFGEQPHKIWTCEKP
2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTWPPOGTQFGRCTOGVTQU%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN
2TQEGFKOKGPVQ
2WNUGNCVGENC/GP
(
JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJCEKCNC
FGTGEJC

JCUVCSWG%QPHKIWTCEKPXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
CRCTGEGTGNRTKOGTEQORQPGPVG%%/5KUG
FGUGCQVTCQREKPFGURNEGUGRQTGNFKURNC[JCUVCSWGNCQREKPXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN5GNGEEKQPGNCQREKPRWNUCPFQNCVGENCFGVCDWNCEKP

'PECUQFGNCQREKP*QTCNCUGIWPFCNPGCGPNCRCPVCNNCKPFKECGNCLWUVGCEVWCNRGL2CTC
OQFKHKECTGUVGCLWUVGRWNUGNCVGENC/QF
(GNRTKOGTECORQRCTRCFGCT
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
RCTCECODKCTGNCLWUVG[FGURWURWNUGNCVGENCFGVCDWNCEKP
RCTCKTCNECORQUKIWKGPVG#JQTCUGRWGFGOQFKHKECTGNCLWUVGFGFKEJQECORQEQPC[WFCFG
NCUVGENCUFGFGURNC\COKGPVQ

2WNUGNCVGENC2TQI
(RCTCRTQITCOCTGNXCNQTPWGXQQNCVGENC%CPE
(RCTCECPEGNCTNC
QRGTCEKPFGOQFKHKECEKP
UGEQPUGTXCTGNXCNQTQTKIKPCN
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCTOGVTQUGURCTGEKFQ

2TQITCOCEKPFGOQFQUFGEQPVTQNFGUGECFQT
2CPGNFGEQPVTQN
/QFQUFGEQPVTQNFGNUGECFQT
'NUGECFQTRWGFGKTEQPVTQNCFQNQECNOGPVGCFKUVCPEKCQCVTCXUFGNCTGFFGTGCNQECN
.#0
2TQEGFKOKGPVQ
2WNUGNCVGENC/GP
(
JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJCEKCNC
FGTGEJC


JCUVCSWG%QPHKIWTCEKPXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
NCRTKOGTCQREKPSWGCRCTGEGGU %%/
/QFQ
FGEQPVTQNFGNEQORTGUQTUGIWKFCFGNCLWUVGCEVWCN
2WNUGNCVGENC /QF UGOWGUVTCNCRCPVCNNCUKIWKGPVG
%%/
%QPVTQN.QECN

2TQI
(
%CPE
(
(
%QPVTQNNQECNRCTRCFGC7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
RCTCUGNGEEKQPCTGNOQFQFGEQPVTQN
SWGNGKPVGTGUG2WNUGNCVGENC2TQIRCTCRTQITCOCTQNCVGENC%CPERCTCECPEGNCTNCOQFKHKECEKP

/GP5GTXKEKQ
2CPGNFGEQPVTQN
(WPEKP
4GCTOCTNQURNCPGUFGUGTXKEKQEQPENWKFQU
%QORTQDCTNQURNCPGUFGUGTXKEKQRQTTGCNK\CT
$WUECTNQURNCPGUFGUGTXKEKQTGCNK\CFQUEQPCPVGTKQTKFCF
2NCPGUFGUGTXKEKQ
#NIWPCUQRGTCEKQPGUFGUGTXKEKQGUVPCITWRCFCU
[TGEKDGPGNPQODTGFG0KXGN#0KXGN$GVE%CFC
PKXGNCDCTECWPPOGTQFGQRGTCEKQPGUFGUGTXKEKQSWGFGDGPNNGXCTUGCECDQCNQUKPVGTXCNQUFGVKGORQ
RTQITCOCFQUGPGNTGIWNCFQT'NGMVTQPKMQP
%WCPFQUGCNECPEGGNKPVGTXCNQFGNRNCPFGUGTXKEKQUGOQUVTCTWPCPQVKEKCGPNCRCPVCNNCXCUGNC
UGEEKP&CVQUFGGUVCFQ&GURWUFGTGCNK\CTNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQUPKXGNGUKPFKECFQU
GUPGEGUCTKQTGCTOCTNQUVGORQTK\CFQTGU

'LGORNQ
2NCPGUFGUGTXKEKQ
+PVGTXCNQU
2NCPFGUGTXKEKQ#
2NCPFGUGTXKEKQ$
2NCPFGUGTXKEKQ%
2NCPFGUGTXKEKQ&
#EEKQPGUFGUGTXKEKQEQPHQTOGC
%QP
2NCPFGUGTXKEKQ#
2NCPFGUGTXKEKQ#[$
2NCPFGUGTXKEKQ#$[%
2NCPFGUGTXKEKQ#$[&

2TQEGFKOKGPVQ
2WNUGNCVGENC/GP
(
JCUVCSWGNCQREKP 5GTXKEKQ XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN

#RCTGEGWPCRCPVCNNCRCTGEKFCCNCSWGUGOWGUVTCCDCLQ
6GORQTUGTXKEKQ
*QTCU(PEVQ
JTU

/GP
(
(
(
'PNCRCPVCNNCCRCTGEGTGNVKGORQFGHWPEKQPCOKGPVQVQVCNFGNUGECFQTJQTCU
5KIWKGVGORQTK\
0KXGN
#$%
JTU

#VT
4GCT
(
(
(
.CRCPVCNNCOWGUVTCSWGNQUUKIWKGPVGURNCPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGUQPNQURNCPGU#$[%
[SWGFGDGPTGCNK\CTUGCNCUJQTCUFGHWPEKQPCOKGPVQ
RCTCEQPQEGTSWRNCPGUFGUGTXKEKQUGTGCNK\CTQPCPVGTKQTOGPVG

6GORQTCPVGTKQT
0KXGN
#$
JTU

(
(
(
.CRCPVCNNCOWGUVTCSWGNQURNCPGUFGUGTXKEKQ#[$UGTGCNK\CTQPCNCUJQTCUFG
HWPEKQPCOKGPVQ
2CTGGNUGECFQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQTGNCEKQPCFQUEQPNQU
RNCPGU#$[%EQPUWNVGNCUGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
%QPGEVGNCCNKOGPVCEKP[FGURNEGUGCNCRCPVCNNCFGUGTXKEKQ 5KIWKGVGORQTK\
2WNUGGNDQVP 4GCT
(%QPHKTOGNCRTGIWPVCFGTGCTOCT
'NDQVP 4GCT UNQCRCTGEGEWCPFQUGJC[CCNECP\CFQECUKGNPKXGN 5KIWKGVGORQTK\
&GURWUFGRWNUCTNCVGENCEQPHNGEJCCDCLQGPNCRCPVCNNC 6GORQTUGTXKEKQ UG
OWGUVTCPNCUJQTCUFG 8KFCVKN GUFGEKTGNPOGTQFGJQTCURCUCFCUFGUFGNC
RTQITCOCEKPKPKEKCNGPNCHDTKEC'NVGORQTK\CFQTPQUGVQOCGPEWGPVC

/GP&CVQUIWCTFCFQU
2CPGNFGEQPVTQN
(WPEKP
+PXQECTCNIWPQUFCVQUFGNEQORTGUQTIWCTFCFQURQTGNTGIWNCFQT'UVQUFCVQUUQP
&CVQUFGNVKOCRCTCFCFGCNCTOC
&CVQUFGNVKOCRCTCFCFGGOGTIGPEKC
2TQEGFKOKGPVQ
2WNUGNCVGENC/GP
(
JCUVCSWG&CVQUIWCTFCFQUXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
RCTCCEVKXCTGNOGP

5GOWGUVTCNCNKUVCFGNCUNVKOCURCTCFCUFGCNCTOC[GOGTIGPEKC
&GURNEGUGRQTNQUEQORQPGPVGU[UGNGEEKQPGGNEQORQPGPVGFGUGCFQFGRCTCFCFGCNCTOCQ
GOGTIGPEKC
RCTCGPEQPVTCTNCHGEJCNCJQTC[QVTQUFCVQUSWGTGHNGLCPGNGUVCFQ
FGNEQORTGUQTFWTCPVGNCNVKOCRCTCFCFGCNCTOC

#LWUVGURTQITCOCDNGU
#LWUVGU
.QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUVPCLWUVCFQUGPHDTKECRCTCQDVGPGTGNOZKOQ
TGPFKOKGPVQFGNUGECFQT0QUGPGEGUKVCPCLWUVGU

+PUVCNCEKP

&KDWLQUFGFKOGPUKQPGU
&KOGPUKQPGU
&KDWLQFGFKOGPUKQPGUFG$&

&KDWLQFGFKOGPUKQPGUFG$&


+PUVTWEEKQPGUFGKPUVCNCEKP
2TQRWGUVCFGKPUVCNCEKP

'URCEKQNKDTGOPKOQSWGFGDGTGUGTXCTRCTCNCKPUVCNCEKPFGNUGECFQT
#VGPEKP
#NKPUVCNCTNCUVWDGTCUCUGITGUGFGSWGVQFCUGUVPNKORKCU
6QFCUNCUEQPGZKQPGUCNUGECFQTVKGPGPSWGTGCNK\CTUGUKPVGPUKP5KGUPGEGUCTKQUG
FGDGPWUCTUQRQTVGU[EQPGZKQPGUHNGZKDNGUCFKEKQPCNGU
#PVGUFGEQPGEVCTGNUWOKPKUVTQFGGPGTICRTKPEKRCNEQORTWGDGNQUTGSWKUKVQUFG
XQNVCLGGPNCUGURGEKHKECEKQPGUVEPKECUQGPNCRNCECFGFCVQUFGNUGECFQT
'URQUKDNGSWGNCVGORGTCVWTCFGNCKTGFGUCNKFCFGTGIGPGTCEKPUWDCCu%PWPEC
FKTKLCGNCKTGECNKGPVGCIGPVGPKCQDLGVQUKPHNCOCDNGU
*CICNQPGEGUCTKQRCTCRTQVGIGTNCIGPVGFGEQPVCEVQEQPNCUUWRGTHKEKGUECNKGPVGUFGN
UGECFQT
+PUVCNCEKP
'NUGECFQTFGDGKPUVCNCTUGGPWPUWGNQPKXGNCFQECRC\FGUQRQTVCTUWRGUQ
+PUVCNGGNUGECFQTDCLQVGEJCFQFQPFGGNCKTGCODKGPVGUGCNQOUNKORKQRQUKDNG[VGPICWPC
VGORGTCVWTCSWGPQUWRGTGPKFGUEKGPFCPWPECDCLQNQUXCNQTGUNOKVGU
XCUGNCUGEEKP.OKVGU[
EQPFKEKQPGUPQOKPCNGU5KNQKPUVCNCGPKPVGTKQTGUGNUKVKQFGKPUVCNCEKPFGDGUGTXGPVKNCFQEQP
QDLGVQFGGXKVCTUWDKFCUFGVGORGTCVWTC[EQPFGPUCEKPFGJWOGFCFFWTCPVGNCTGIGPGTCEKP5G
TGEQOKGPFCEQPFWEKTGNCKTGFGTGIGPGTCEKPCNGZVGTKQT
5KGUFGFGUGCTSWGUGEQPFW\ECGNCKTGFGUCNKFCFGTGIGPGTCEKPCQVTQUKVKQRQTVWDGTCGU
KORQTVCPVGSWGUGVGPICGPEWGPVCNCOZKOCECFCFGRTGUKPRGTOKVKFC5KGNNCTIQFGNCVWDGTC
CFKEKQPCNGUUWRGTKQTCOGNFKOGVTQFGDGUGTXGEGUOUNCTIQSWGGNVWDQFGTGIGPGTCEKP
QTKIKPCN'PGNECUQFGKPUVCNCEKQPGUFGVWDGTCUOUNCTICUEQPUWNVGC#VNCU%QREQ
5KUGVKGPFGGNVWDQJCEKCCTTKDCJCICWPCIWLGTQGPGNRWPVQOUDCLQEQPQDLGVQFGXCEKCTGNCIWC
EQPFGPUCFC[RTGXGPKTSWGUGHQTOGWPEKGTTG
#UGITGUGFGSWGGNVWDQFGCKTGFGTGIGPGTCEKPGUVUGRCTCFQFGNCGPVTCFCFGNUQRNCFQTRCTC
GXKVCTSWGRGPGVTGJWOGFCFGPGNUGECFQTCVTCXUFGNUQRNCFQT
%QORTWGDGSWGNCRQUKEKPFGNCVQOCFGCKTGFGNEQORTGUQT[UGECFQTGUVCNSWGPQRWGFGCURKTCT
ICUGUXQNVKNGUPKQVTQUGNGOGPVQUKPHNCOCDNGUEQPQDLGVQFGGXKVCTWPCEQPEGPVTCEKPFGFKEJQU
GNGOGPVQUGPNQUITCPQUFGFGUGECPVG
&GLGDCUVCPVGGURCEKQNKDTGCNTGFGFQTFGNUGECFQT[HKNVTQURCTCGNOCPVGPKOKGPVQ[TGECODKQFGNQU
HKNVTQU
'PNCGPVTCFCFGNUGECFQTUGJCKPUVCNCFQWPHKNVTQRCTCWUQIGPGTCNFGVKRQ&&'NHKNVTQGNKOKPC
RCTVEWNCUFGJCUVCOKETOGVTQEQPWPCTTCUVTGFGCEGKVGOZKOQFGRRO

5GRWGFGKPUVCNCTWPHKNVTQFGCNVCGHKEKGPEKCFGVKRQ2&EQPRQUVGTKQTKFCFCNHKNVTQ&&'NHKNVTQGNKOKPC
RCTVEWNCUFGJCUVCOKETOGVTQEQPWPCTTCUVTGFGCEGKVGOZKOQFGRRO
'PNCUCNKFCFGNUGECFQTUGJCKPUVCNCFQWPHKNVTQFGRQNXQFGVKRQ&&R'NHKNVTQGNKOKPCRCTVEWNCUFG
JCUVCOKETOGVTQ2CTCGXKVCTQNQTGU[XCRQTGUFGCEGKVGJC[SWGKPUVCNCTWPHKNVTQFGECTDQPQ
VKRQ3&EQPRQUVGTKQTKFCFCNHKNVTQ&&R
+PUVCNGNCXNXWNCFGRTGUKPOPKOCUWOKPKUVTCFCUWGNVCEQPGNUGECFQTGPNCUCNKFCFGNUGECFQTFG
NCOCPGTCFGUETKVCGPNCUKPUVTWEEKQPGUUWOKPKUVTCFCUEQPNCXNXWNC
%QPGEVGNCUNPGCUFGCKTGEQORTKOKFQCNCGPVTCFC[UCNKFCFGNUGECFQT'ZVTCKICVQFCUNCU
KORWTG\CU[TGUVQUFGUQNFCFWTCFGNCUNPGCUCPVGUFGEQPGEVCTNCU7PCNPGCFGFGTKXCEKPTGUWNVC
UGTCOGPWFQWPCCFKEKPXGPVCLQUCCNGSWKRQ
5GTGEQOKGPFCKPUVCNCTWPFGRUKVQFGCKTGGPVTGGNEQORTGUQT[GNUGECFQT5KUGGPEWGPVTC
KPUVCNCFQWPFGRUKVQFGCKTGFGDGOQPVCTUGGPGNHQPFQWPFKURQUKVKXQFGFTGPCLG
6QOGOGFKFCURCTCKORGFKTSWGRGPGVTGPIQVCUFGCIWCQCIWCNKDTGGPGNUGECFQT2CTCGUVQUG
TGEQOKGPFCKPUVCNCTWPUGRCTCFQTFGCIWCQREKQPCN
95&GPVTGGNEQORTGUQT[GNUGECFQT
6KGPFCNCVWDGTCFGFTGPCLGFGNQUHKNVTQUJCEKCWPEQNGEVQTFGEQPFGPUCFQ.QUVWDQUFGFTGPCLGPQ
FGDGPGPVTCTGPEQPVCEVQEQPGNCIWCFGNEQNGEVQTFGFTGPCLG2CTCRWTICTCIWCEQPFGPUCFCRWTC
JC[SWGKPUVCNCTWPUGRCTCFQTFGCEGKVGCIWC
EQPUWNVGC#VNCU%QREQ
%QPGEVGGNUGECFQTCNUWOKPKUVTQFGNCTGFEQPC[WFCFGWPKPVGTTWRVQTUGRCTCFQT%QORTWGDGSWG
GNNCFQRTKOCTKQFGNVTCPUHQTOCFQTEQTTGURQPFGCNXQNVCLGFGUWOKPKUVTQ%QORTWGDGSWGNC
KPUVCNCEKPGNEVTKECUGJCTGCNK\CFQFGEQPHQTOKFCFEQPNQUEFKIQUNQECNGU'NUGECFQTFGDG
RQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTHWUKDNGUFGVKRQKPGTVGGPVQFCUNCUHCUGU
%QORTWGDGNCFKTGEEKPFGTQVCEKPFGNUQRNCFQTFGDGCURKTCTUGCKTGCVTCXUFGNEQNCFQTFG
GPVTCFC5KNCFKTGEEKPFGTQVCEKPGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGGKPXKGTVCFQUEQPGZKQPGU
GNEVTKECUFGGPVTCFC
#LWUVGGNRTGUQUVCVQFGNCXNXWNCFGRTGUKPOPKOCXCUGNCUGEEKP#LWUVGFGNRTGUQUVCVQFGNC
XNXWNCFGRTGUKPOPKOC
5GTGEQOKGPFCCTTCPECT[RCTCTGNUGECFQTOGFKCPVGGNEQPVCEVQFGEQORTGUQTCTTCPECFQEQORTGUQT
ECTICFQ8CUGNCUGEEKP%WDEWNQGNEVTKEQ[FKCITCOCRCTCTGCNK\CTNCUEQPGZKQPGUPGEGUCTKCU
8CUGNCUGEEKP2TQITCOCEKPFGOQFQUFGEQPVTQNFGNUGECFQTRCTCECODKCTGNOQFQFGEQPVTQN
FG%QPVTQN.QECNC%QPVTQN4GOQVQ
&GURWUFGTGECODKCTGNOGFKQUGECPVGRWGFGSWGUGKPETGOGPVGNCECPVKFCFUGRCTCFCFGRQNXQ
%KGTTGNCXNXWNCFGEKGTTGCNOGFKFQTFGRWPVQFGTQEQFWTCPVGCNOGPQUJQTCU5GTGEQOKGPFC
TGGORNC\CTGNHKNVTQFGRQNXQWPCUGOCPCFGURWUFGTGECODKCTGNFGUGECPVG
'PGNECUQFGFQUUGECFQTGUEQPGEVCFQUGPRCTCNGNQ
PQTGEQOGPFCFQJC[SWGVQOCTOGFKFCUC
HKPFGRTQXGGTWPCFKUVTKDWEKPKIWCNFGNHNWLQFGCKTGGPVTGNQUUGECFQTGUEQPUWNVGC#VNCU%QREQ


%WDEWNQGNEVTKEQ[FKCITCOC
%WDEWNQGNEVTKEQ

&KCITCOCUGNEVTKEQU

%QORQPGPVGU
4GH
&GUKIPCEKP
'
((
&KU[WPVQTECNGPVCFQTGU
(
&KU[WPVQTXNXWNCFGRTGUKPOPKOC
(
&KU[WPVQTEKTEWKVQFGEQPVTQN
(
(WUKDNGU
+(
5GPUQTHKNVTQFGGPVTCFC
+(
5GPUQTHKNVTQFGGPVTCFC
KPUVCNCEKPFGNENKGPVG
-
%QPVCEVQXNXWNCFGGPVTCFCFGNTGEKRKGPVG#
-
%QPVCEVQXNXWNCFGGPVTCFCFGNTGEKRKGPVG$
-
%QPVCEVQXNXWNCFGTGIGPGTCEKPFGNTGEKRKGPVG#
-
%QPVCEVQXNXWNCFGTGIGPGTCEKPFGNTGEKRKGPVG$
-
%QPVCEVQXNXWNCFGTGHTKIGTCEKPFGCKTGRKNQVQ
-
%QPVCEVQXNXWNCFGGUECRGFGNTGEKRKGPVG#
-
%QPVCEVQXNXWNCFGGUECRGFGNTGEKRKGPVG$


4GH
&GUKIPCEKP
-
%QPVCEVQCNCTOC
-
%QPVCEVQUQRNCFQT
-
%QPVCEVQTECNGPVCFQTGU
-
%QPVCEVQTUQRNCFQT
-
%QPVCEVQTCNCTOC
/
/QVQTUQRNCFQT
(
5GPUQTHKNVTQFGUCNKFC
2&2
26
5GPUQTFGRTGUKPVQTTG#
26
5GPUQTFGRTGUKPVQTTG$
26
5GPUQTFGRTGUKPUQRNCFQT
44
%CNGPVCFQTGU
5
#TTCPSWGRCTCFCCFKUVCPEKC
5
2CTCFCFGGOGTIGPEKC
3
4GNFGUQDTGECTICOQVQTFGUQRNCFQT
66
5GPUQTFGVGORGTCVWTCGPVTCFCFGNUGECFQT
66
5GPUQTFGVGORGTCVWTCUCNKFCFGNUGECFQT
66
5GPUQTFGVGORGTCVWTCUCNKFCFGNCKTGFGTGIGPGTCEKP
6
6TCPUHQTOCFQT
;
8NXWNCFGUQNGPQKFGVQTTG#
;
8NXWNCFGUQNGPQKFGVQTTG$
;
8NXWNCFGUQNGPQKFGXNXWNCFGGUECRGFGNCVQTTG#
;
8NXWNCFGUQNGPQKFGXNXWNCFGGUECRGFGNCVQTTG$
;
8NXWNCFGUQNGPQKFGXNXWNCFGCKTGFGTGHTKIGTCEKP
;
8NXWNCFGUQNGPQKFGUCNKFCFGNCVQTTG#
;
8NXWNCFGUQNGPQKFGUCNKFCFGNCVQTTG$
;
8NXWNCFGUQNGPQKFGXNXWNCFGRTGUKPOPKOC
:
4GINGVCUFGDQTPGU
%QPVCEVQTNKDTGFGRQVGPEKC
2CTCFCFGGOGTIGPEKCCFKUVCPEKC
2CTCFCFGGOGTIGPEKC
(WUKDNGUFGNECNGPVCFQT
(WUKDNGFGNOQVQTFGNUQRNCFQT
(KNVTQFGGPVTCFC
(KNVTQFGUCNKFC
8NXWNCFGGPVTCFCTGEKRKGPVG#

8NXWNCFGGPVTCFCTGEKRKGPVG$

8NXWNCFGTGIGPGTCEKPTGEKRKGPVG#

8NXWNCFGTGIGPGTCEKPTGEKRKGPVG$

8NXWNCFGTGHTKIGTCEKPFGCKTGRKNQVQ

4GH
&GUKIPCEKP

8NXWNCFGGUECRGTGEKRKGPVG#

8NXWNCFGGUECRGTGEKRKGPVG$

(KNVTQFGGPVTCFC

(KNVTQFGGPVTCFC

(KNVTQFGUCNKFC


5GPUQTFGRTGUKPUQRNCFQT

5GPUQTFGVGORGTCVWTCGPVTCFCFGNUGECFQT

5GPUQTFGVGORGTCVWTCUCNKFCFGECNGPVCFQT

5GPUQTFGVGORGTCVWTCUCNKFCFGTGIGPGTCEKP

5GPUQTFGRTGUKPTGEKRKGPVG#

5GPUQTFGRTGUKPTGEKRKGPVG$

6COCQFGECDNGUGNEVTKEQU[HWUKDNGUOZKOQU
1DUGTXCEKQPGU
'NVCOCQGUXNKFQRCTCECDNG28%u%
u(CWPCVGORGTCVWTCCODKGPVGFGu%
u(
UGIP'0
.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPOUGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQUCDCLQ
.CECFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN'URQUKDNGSWGUGCRTGEKUQWVKNK\CT
ECDNGUFGVCOCQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQPFKEJCGZKIGPEKC
7PKFCFFG*\
6KRQFGUGECFQT
$&
$&
$&
$&
$&
$&
$&
$&
$&
$&
8QNVCLG
8
6COCQFGECDNGU
OO
(WUKDNGOZKOQ
#

ZOO OO
Z

ZOO OO
Z

ZOO OO
Z

Z
ZOO OO

ZOO OO
Z

ZOO OO
Z

ZOO OO
Z

ZOO OO
Z

ZOO OO

ZOO OO
Z

Z

7PKFCFFG*\
6KRQFGUGECFQT
$&
$&
$&
$&
$&
$&
$&
$&
$&
$&

8QNVCLG
8
6COCQFGECDNGU
OO
(WUKDNGOZKOQ
#
ZOO OO
Z

ZOO OO
Z

ZOO OO
Z
ZOO OO
Z

ZOO OO
Z

ZOO OO
Z
ZOO OO
Z
Z

ZOO OO

ZOO OO

ZOO OO
Z

Z
+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

#TTCPSWGKPKEKCN
'NRWPVQFGTQEQFGNCKTGSWGUCNGFGNUGECFQTUGTUWRGTKQTCNQPQTOCNFGURWUFGCTTCPECT5KNCTGFFG
CKTGVKGPGSWGSWGFCTUGECJCICSWGHWPEKQPGGNUGECFQTFWTCPVGWPCUJQTCU
EKENQEQORNGVQRCTC
CODCUVQTTGUEQPNCXNXWNCFGUCNKFC
JCEKCNCTGFFGCKTGEGTTCFCCHKPFGCUGIWTCTUGFGSWGUG
TGIGPGTGCFGEWCFCOGPVGGNFGUGECPVG

#TTCPSWG
2CPGNFGEQPVTQN
2TQEGFKOKGPVQ
2CUQ
#EEKP
%QPGEVGGNXQNVCLG
KPUVCNCEKPFGNENKGPVG'NRCPGNFGEQPVTQNOWGUVTCSWGGN
UGECFQTGUVRCTCFQ
#DTCFGURCEKQNCXNXWNCFGGPVTCFCFGCKTG
KPUVCNCEKPFGNENKGPVG[GURGTGJCUVC
SWGUGJC[CRTGUWTK\CFQGNUGECFQT
#DTCNCXNXWNCFGUCNKFCNCXNXWNCFGRTGUKPOPKOCUGEGTTCTCWVQOVKECOGPVGUK
NCRTGUKPFGNCTGFFGCKTGGUFGOCUKCFQDCLCRCTCRQPGTGNUGECFQTGPOCTEJCFG
OCPGTCUGIWTC
%QORTWGDGSWGGUVCDKGTVCNCXNXWNCFGCKTGRKNQVQ
%QORTWGDGSWGPQJC[CHWICU
2QPICGNUGECFQTGPOCTEJCRWNUCPFQGNDQVPFGCTTCPSWGGPGNRCPGNFGEQPVTQN
%KGTTGNCXNXWNCFGFGTKXCEKP
UKNCJWDKGTC
5GTGEQOKGPFCJCEGTHWPEKQPCTGNUGECFQTWPEKENQEQORNGVQCPVGUFGCDTKTNC
XNXWNCCNOGFKFQTFGNRWPVQFGTQEQ
'NUGECFQTFGDGHWPEKQPCTGPWPEKENQHKLQFWTCPVGFCCPVGUFGEQPOWVCTC2&2
%QPVTQN
%QPVTQN2&2
EQPVTQNFGOGFKFQTFGRWPVQFGTQEQ

#TTCPSWGFGNUGECFQT
5GJCKORNGOGPVCFQWPCTWVKPCFGUGIWTKFCFFGPQOKPCFCCTTCPSWGFGNUGECFQTGPGNTGIWNCFQT
'NGMVTQPKMQPRCTCNQITCTWPTGCTTCPSWGRVKOQFGNUGECFQT
'NUGECFQTUNQCTTCPECEWCPFQNCRTGUKPFGVTCDCLQFGWPQFGNQUTGEKRKGPVGUGU
UWRGTKQTCDCT
GRUKI'NTGEKRKGPVGEQPNCRTGUKPFGVTCDCLQOUDCLCCNKXKCTNC
RTGUKPGKPKEKCNCUGEWGPEKCFGTGIGPGTCEKP
5KGNUGECFQTUGRCTGPWPRCUQFGECNGHCEEKPQTGHTKIGTCEKPUVGCTTCPECTGPGNRCUQQ
CTTCPSWGUGECFQTRCTCFGURTGUWTK\CT5KNCRTGUKPFGNTGEKRKGPVGUGTGFWEGRQTFGDCLQFGDCT
RUKGNTGIWNCFQTUGFGURNC\CTCNUKIWKGPVGRCUQ
CTTCPSWGUGECFQTRCTCCDTKTNCXNXWNCFG
TGIGPGTCEKP%KPEQUGIWPFQUFGURWUGNTGIWNCFQTXQNXGTCNRCUQGPGNSWGUGFGVWXQGNUGECFQT#
RCTVKTFGGUGOQOGPVQGNRTQEGUQFGUGECFQTGIGPGTCEKPFGNUGECFQTEQPVKPWCTFGUFGGNRCUQGPGN
SWGUGFGVWXQ

2CTCFC
2CPGNFGEQPVTQN
#XKUQ
'PECUQFGGOGTIGPEKCRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
5
2TQEGFKOKGPVQ

2CTGGNUGECFQTRWNUCPFQGNDQVPFGRCTCFC
GPGNRCPGNFGEQPVTQN
%KGTTGNCUXNXWNCUFGGPVTCFC[UCNKFCFGNUGECFQT

(CNNQFGXQNVCLG
&KCITCOCFGHNWLQ
2TQEGFKOKGPVQ
'PECUQFGHCNNQFGXQNVCLGNCUXNXWNCUFGTGIGPGTCEKP
[CUEQOQNCUXNXWNCUFGGZRWNUKP
;[
;UGEGTTCTPCWVQOVKECOGPVG6QFCUNCUFGOUXNXWNCUUGOCPVGPFTPGPUWRQUKEKPCEVWCN2QT
EQPUKIWKGPVGGNRCUQFGNHNWLQRQTGNUGECFQTPQUGECODKCT
.COGOQTKCFGNTGIWNCFQT'NGMVTQPKMQPUGEQPUGTXCFGHQTOCSWGVQFQUNQURCTOGVTQUFG
HWPEKQPCOKGPVQUGRWGFGPTGUVCDNGEGTFGURWUFGNHCNNQFGXQNVCLG#PVGUFGTGUVCDNGEGTPKPIP
RCTOGVTQGNTGIWNCFQTRQPFTGPOCTEJCWPRTQEGFKOKGPVQGURGEKCNRCTCCUGIWTCTSWGPQUGJC
ECODKCFQPKPIPRCTOGVTQFGVTCDCLQFWTCPVGGNVKGORQGPSWGPQJCDCXQNVCLG&GURWUFGXGTKHKECT
GUVQURCTOGVTQUNCWPKFCFXQNXGTCCTTCPECTCWVQOVKECOGPVG0QGUPGEGUCTKCNCKPVGTXGPEKP
JWOCPC

/CPVGPKOKGPVQ

2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
2CPGNFGEQPVTQN
#XKUQ
#PVGUFGJCEGTTGRCTCEKQPGUQOCPVGPKOKGPVQRWNUGGNDQVPFGRCTCFC
GURGTG
JCUVCSWGJC[CRCTCFQGNUGECFQTRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
5
FGUEQPGEVGGNXQNVCLGOGFKCPVGGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKPFGNENKGPVG[
FGURTGUWTKEGGNUGECFQT
6QOGNCUOGFKFCUPGEGUCTKCURCTCKORGFKTSWGUGXWGNXCCEQPGEVCTKPCFXGTVKFCOGPVG
*C[SWGCRNKECTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCUNCUSWGUG
KPFKECPGPGNRTGUGPVGOCPWCN
/KGPVTCUTGXKUCGNUQRNCFQTPQRTGUWTKEGGNUQRNCFQTFGHQTOCKPXGTUCDCLQPKPIWPC
EKTEWPUVCPEKC[CSWGGUVQRWGFGRTQFWEKTWPCGZRNQUKP
2KG\CUCWVQTK\CFCU
7VKNKEGPKECOGPVGTGECODKQUCWVQTK\CFQU%WCNSWKGTFCQQCXGTCTGUWNVCPVGFGNWUQFG
RKG\CUPQCWVQTK\CFCUPQGUVEWDKGTVQRQTNC)CTCPVCPKRQTNC4GURQPUCDKNKFCFFGN
2TQFWEVQ
1RGTCEKQPGUFGUGTXKEKQTGIWNCTGU
2CTCCUGIWTCTGNHWPEKQPCOKGPVQUGIWTQ[NCNCTICXKFCFGUGTXKEKQNNGXGCECDQNCUUKIWKGPVGU
QRGTCEKQPGUCNKPVGTXCNQ1DUTXGUGSWGNCUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODKP
KPENWKTNCUFGNQUKPVGTXCNQUEQTVQU
&GRGPFKGPFQFGNCUEQPFKEKQPGUCODKGPVCNGU[FGVTCDCLQFGNUGECFQTGN%GPVTQNQECNFG5GTXKEKQCN
%NKGPVGFG#VNCU%QREQRQFTCPQEWORNKTNQURNC\QUFGNRTGUGPVGRTQITCOCFGOCPVGPKOKGPVQ
#NTGXKUCTECODKGVQFCUNCULWPVCUNCULWPVCUVTKECU[NCUCTCPFGNCUFGUOQPVCFCU


2GTKQFKEKFCF
*QTCUFG 2NCPFG
HWPEKQPCO UGTXKEKQ
KGPVQ
#EEKP
&KCTKQ
2WTIWGGNCIWCEQPFGPUCFC[CEGKVGFGNQURTGHKNVTQU
%QORTWGDGSWGNCVGORGTCVWTCFGNCKTGEQORTKOKFQPQ
UQDTGRCUCNQUNOKVGU
XCUGNCUGEEKP.OKVGU[
EQPFKEKQPGUPQOKPCNGU
%QORTWGDGSWGNCRTGUKPFGUWOKPKUVTQFGN$&PQ
FGUEKGPFGRQTFGDCLQFGNCRTGUKPOPKOCRGTOKVKFC

DCTRQTFGDCLQFGNCRTGUKPPQOKPCNRCTCNCSWGGUV
CLWUVCFQGNUGECFQTXCUGNCUGEEKP8NXWNCFGRTGUKP
OPKOC
%QORTWGDGSWGGNUGECFQTECODKCFGVQTTG[SWGUG
GZRWNUCGNCKTGFGTGIGPGTCEKPFWTCPVGNCTGIGPGTCEKP[
GNGPHTKCOKGPVQ
5GOCPCN
%QORTWGDGGNHWPEKQPCOKGPVQFGNQUFKURQUKVKXQUFG
FTGPCLGCWVQOVKEQ
/GPUWCNOGPVG
%QORTWGDGSWGUGECNKGPVCNCVQTTGFGTGIGPGTCEKP
.KORKGGNHKNVTQFGNCGPVTCFCFGNUQRNCFQT
%CFCOGUGU

4GECODKGNQUECTVWEJQUHKNVTCPVGUFGNQURTGHKNVTQU[
RQUVHKNVTQU
.KORKGGNHKNVTQFGGPVTCFCFGNUQRNCFQTUKGUVKPUVCNCFQ
%QORTWGDGSWGGNECDNGCFQPQGUVFCCFQ
%QORTWGDGSWGPQJC[CHWICUFGCKTG
#PWCNOGPVG

4GXKUGVQFQUNQUEQORQPGPVGUFGNUGECFQT4GECODKG
NCURKG\CUFGUICUVCFCU
.KORKGNQUUKNGPEKCFQTGU
/KFCGNEQPUWOQFGEQTTKGPVGFGNGNGOGPVQECNGPVCFQT
*CICSWGUGTGECNKDTGGNOGFKFQTFGRWPVQFGTQEQ
4GGORNCEGGNECTVWEJQHKNVTCPVGFGNUGPUQT2&2
*CICSWGUGEQORTWGDGGNGUVCFQFGNFGUGECPVG
+PURGEEKQPGNQUCUKGPVQUFGNCUXNXWNCUFGTGVGPEKP
TGGORNEGNQUUKGUPGEGUCTKQ
%CFCCQU

'PITCUGNQUEQLKPGVGUFGNUQRNCFQT
%CFCCQU

&
4GGORNCEGGNFGUGECPVG
UGIPNCUEQPFKEKQPGUFG
VTCDCLQ
4GECODKGNCUXNXWNCUFGUQNGPQKFG
4GGORNCEGNQUEQLKPGVGUFGNUQRNCFQT
4GGORNCEGNQUCUKGPVQUFGNCUXNXWNCUFGFGUECTICFG
TGIGPGTCEKP
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
.QU%GPVTQUFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQVGPFTPOWEJQIWUVQGPRTQRQTEKQPCTNGWPCCORNKC
ICOCFGGSWKRQUFGUGTXKEKQ'ZKUVGPLWGIQUFGUGTXKEKQ
UGTXKEGMKVU SWGEQPVKGPGPVQFCUNCURKG\CU
SWGUGPGEGUKVCPRCTCTGXKUCTNQUEQORQPGPVGU[CFGOUNGQHTGEGPNCUXGPVCLCUFGNCURKG\CUQTKIKPCNGU
FG#VNCU%QREQOKGPVTCUUGOCPVKGPGGNRTGUWRWGUVQFGOCPVGPKOKGPVQGPPKXGNGUGEQPOKEQU6QFQU
NQULWGIQUFGUGTXKEKQGUVPKPFKECFQUGPNC.KUVCFGRKG\CUEQTTGURQPFKGPVG


#EWGTFQUFGUGTXKEKQ
.QU%GPVTQUFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQFKURQPGPFGFKXGTUQUEQPVTCVQUFGUGTXKEKQRCTC
UCVKUHCEGTVQFCUUWUPGEGUKFCFGU
7PRNCPFGKPURGEEKP
7PRNCPFGOCPVGPKOKGPVQRTGXGPVKXQ
7PRNCPFGTGURQPUCDKNKFCFVQVCN
2PICUGGPEQPVCEVQEQPUW%GPVTQFG5GTXKEKQCN%NKGPVGRCTCEGTTCTWPEQPXGPKQUQDTGWPEQPVTCVQFG
UGTXKEKQGURGEHKEQ&KEJQEQPVTCVQICTCPVK\CTWPCGHKECEKCRVKOCTGFWEKTCWPOPKOQNQUVKGORQUFG
RCTCFC[FKUOKPWKTGNEQUVGVQVCNFGNEKENQFGXKFC

2NCPFGUGTXKEKQ
#NIWPCUQRGTCEKQPGUFGUGTXKEKQGUVPCITWRCFCU
[TGEKDGPGNPQODTGFG0KXGN#0KXGN$0KXGN%
%CFCPKXGNCDCTECWPPOGTQFGQRGTCEKQPGUFGUGTXKEKQSWGFGDGPNNGXCTUGCECDQCNQUKPVGTXCNQUFG
VKGORQRTQITCOCFQUGPGNTGIWNCFQT'NGMVTQPKMQP
#NCNECP\CTWPPKXGNCRCTGEGTWPOGPUCLGGPNCRCPVCNNC&GURWUFGTGCNK\CTVQFCUNCUCEEKQPGUFG
UGTXKEKQGURTGEKUQTGUVCDNGEGTVQFQUNQUKPVGTXCNQUGPNQUVGORQTK\CFQTGUEQPC[WFCFGNCVGENC
4GCTOCTFGNOGP5GTXKEKQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ


4GECODKQFGNFGUGECPVG
8CEKCT
2CUQ
#EEKP
&GLGSWGGNRTQITCOCFGNUGECFQTUGGLGEWVGJCUVCGNRCUQFGGEWCNK\CEKPFG
RTGUKP
2CTGGNUGECFQTGPEWCPVQUGGEWCNKEGNCRTGUKPGPCODCUVQTTGU
&GUEQPGEVGNCEQTTKGPVGFGCNKOGPVCEKP
%KGTTGNCXNXWNCFGCKTGRKNQVQ
#UNGGNUGECFQTFGNCTGFFGCKTGEGTTCPFQNCUXNXWNCUFGGPVTCFC[UCNKFCFGCKTG
&GURTGUWTKEGNCUVQTTGU
+PUVCNGWPEQNGEVQTCFGEWCFQFGDCLQFGNVCRPCPVGUFGXCEKCT

2WGFGSWGGNFGUGECPVGGUVOW[ECNKGPVG
u%u(
'ZVTCKICGNVCRP
[TGEQLCGNFGUGECPVGGPGNEQNGEVQT
2WGFGWVKNK\CTWPCCURKTCFQTCRCTCCEGNGTCTFKEJQRTQEGUQ[EQPVTQNCTCNOKUOQ
VKGORQGNRQNXQ
'NKOKPCEKPFGNFGUGECPVG
'NFGUGECPVGTGGORNC\CFQFGDGFGUGEJCTUGEQPHQTOGCNCNGIKUNCEKPFGUWRCU

4GNNGPCT
2CUQ
#EEKP
7PCXG\XCEKCFQUNQUTGEKRKGPVGUXWGNXCCKPUVCNCTNQUVCRQPGU

'ZVTCKICGNVWDQ
FGWPCVQTTGGKPUVCNGWPGODWFQITCPFGGPGNCIWLGTQFGTGNNGPQ
'NVCOCQFGNCRCTVGGUVTGEJCFGDGUGTFGOO
RWNI
8KGTVCFGURCEKQNCECPVKFCFEQTTGEVCFGFGUGECPVG6KRQGPNCVQTTG
XCUGNCVCDNC
UKIWKGPVG
4GEQLCGNRQNXQSWGGUECRCFGNCIWLGTQFGTGNNGPQEQPC[WFCFGWPCCURKTCFQTC
0QGORNGGPKPIPOVQFQOGEPKEQQPGWOVKEQRCTCGNTGNNGPQ2WGFGJCEGT
KPWVKNK\CDNGGNFGUGECPVG
.NGPGNCVQTTGEQPNCECPVKFCFEQTTGEVCFGFGUGECPVG6KRQ
XCUGNCVCDNCUKIWKGPVG
FGNCOCPGTCFGUETKVCCTTKDC
8WGNXCCKPUVCNCTGNVWDQ

4GRKVCNQURCUQUCRCTCNCQVTCVQTTG
#DTCNCXNXWNCFGCKTGRKNQVQ
'NUGECFQTGUVCJQTCNKUVQRCTCCTTCPECT
XCUGNCUGEEKP#TTCPSWG
0QVCU
0QWUGPWPECWPG[GEVQTPKGSWKRQRCTGEKFQCNTGGORNC\CTGNFGUGECPVGRQFTCTGUSWGDTCLCTNQUITCPQU
.QUITCPQUFGDGPUGTCNKOGPVCFQURQTITCXGFCFGPNCVQTTG
5GRWGFGRGFKTGNFGUGECPVGGPNCUUKIWKGPVGUECPVKFCFGU
6KRQ
%CPVKFCF
%CPVKFCF
0OGTQFGRGFKFQ
6KRQ
MI
ND

6KRQ
MI
ND

6KRQ
MI
ND

6KRQ
MI
ND

6KRQ
MI
ND

6KRQ
MI
ND

%CPVKFCFFGFGUGECPVGRQTTGEKRKGPVGKPFKXKFWCN

5GECFQT
7PKFCF
6KRQ
6KRQ
$&
MI

$&
ND

$&
MI

$&
ND

$&
MI

$&
ND

$&
MI

$&
ND

$&
MI

$&
ND

&GURWUFGTGECODKCTGNOGFKQUGECPVGRWGFGSWGUGKPETGOGPVGNCECPVKFCFUGRCTCFCFGRQNXQ2QT
VCPVQNGUCEQPUGLCOQUSWGTGGORNCEGPGNHKNVTQFGRQNXQEQPRQUVGTKQTKFCFCNUGECFQTWPCUGOCPC
FGURWUFGTGECODKCTGNFGUGECPVG

2TQEGFKOKGPVQFGCLWUVG

#LWUVGFGNRTGUQUVCVQFGNCXNXWNCFGRTGUKPOPKOC
&GUETKREKP
.CRTGUKPFGCRGTVWTCFGFKEJCXNXWNCFGRTGUKPOPKOCFGDGCLWUVCTUGCWPCRTGUKPKIWCNCNCRTGUKP
FGHWPEKQPCOKGPVQOGPQUDCT
2TQEGFKOKGPVQ
#LWUVGNCRTGUKPFGCRGTVWTCFGNCXNXWNCFGRTGUKPOPKOCEQPGNVQTPKNNQ
)KTGGNVQTPKNNQGPGN
UGPVKFQFGNCUCIWLCUFGNTGNQLRCTCTGFWEKTNCRTGUKPQGPGNUGPVKFQEQPVTCTKQRCTCCWOGPVCTNC.CHNGEJC
KPFKECGNCLWUVG#LWUVGNCFKHGTGPEKCFGRTGUKPFGNRTGUQUVCVQCNOPKOQIKTCPFQGNVQTPKNNQ
GPGN
UGPVKFQEQPVTCTKQFGNCUCIWLCUFGNTGNQL

5QNWEKPFGRTQDNGOCU

5QNWEKPFGRTQDNGOCU
&KCITCOCFGHNWLQ
4GH
&GUKIPCEKP
5CNKFC
'PVTCFC
(KNVTQ

6CDNCFGUQNWEKPFGRTQDNGOCU
%QPFKEKP
(CNNQ
5QNWEKP
2WPVQFGTQEQKPUWHKEKGPVG
#IWCNKDTGGPGPVTCFCFGCKTG %QORTWGDGSWGGUVPQRGTCVKXQU
EQORTKOKFQ
NQUUGRCTCFQTGU[FKURQUKVKXQUFG
FTGPCLGFGEQPFGPUCFQEQP
CPVGTKQTKFCFCNUGECFQT
6GORGTCVWTCFGNCKTG
EQORTKOKFQFGOCUKCFQCNVC
.KORKGGNTGHTKIGTCFQTRQUVGTKQTFGN
EQORTGUQT
2TGUKPFGVTCDCLQDCLC
%QORTWGDGNCECFCFGRTGUKPGP
GNHKNVTQGVE
4GIGPGTCEKPKPUWHKEKGPVG
8CUGNCEQPFKEKP6GORGTCVWTCFG
TGIGPGTCEKPFGOCUKCFQDCLC
'NUGECFQTPQEQPUKIWG
ECODKCT
8CUGNCEQPFKEKP'NUGECFQTPQ
EQPUKIWGECODKCT
&GUGECPVGFGECNKFCFKPHGTKQT 4GECODKGGNFGUGECPVG
GPUGTXKEKQFWTCPVGOUFG
CQUQSWGEQPVKGPG
CEGKVG

'NUGECFQTPQEQPUKIWG
ECODKCT
(CNVCFGCKTGRKNQVQ
%QORTWGDGNCRTGUKPGPNCUNPGCU
FGHWPEKQPCOKGPVQ.KORKGGNHKNVTQ
FGNCKTGRKNQVQ

8NXWNCUFGUQNGPQKFG;Q
;PQUGCDTGP
4GXKUG[TGGORNCEGNCURCTVGU
FGHGEVWQUCU
2TGUKPGPCODCUVQTTGUVTCU 8NXWNC
UFGGZRWNUKP
;
GNECODKQ
Q;CXGTKCFCU
.KORKG4GGORNCEGUGIPRTQEGFC
5KNGPEKCFQT

QDUVTWKFQ
.KORKG4GGORNCEGUGIPRTQEGFC
8NXWNCFGGPVTCFC
VKGPG
HWICU
&GUGPUCODNG[TGXKUG4GGORNCEG
GNUGNNQ
#XGTCFGNUGPUQTFGRTGUKP 4GXKUG[TGGORNCEGUGIPRTQEGFC
26[Q26

(NWLQ
(WICUGPXNXWNCFGGPVTCFC
FGUCEQUVWODTCFCOGPVG
HWGTVGCVTCXUFGXNXWNC
U
FGTGIGPGTCEKP

FWTCPVGNCTGIGPGTCEKP
.CXNXWNCFGNCKTGFG
TGHTKIGTCEKP
UGCDTG
FGOCUKCFQ

6GORGTCVWTCFG
7PQFGNQUEQPGEVQTGUFGN
TGIGPGTCEKPFGOCUKCFQDCLC GNGOGPVQECNGPVCFQTGUV
SWGOCFQ
&GUGPUCODNG[TGXKUG4GGORNCEG
NQUUGNNQU
%CODKGNQUCLWUVGUFGCRGTVWTC
%QORTQDCT4GGORNEGNQ
3WGOCFQWPGNGOGPVQ
ECNGPVCFQT
4GGORNEGNQ
&GOCUKCFQCKTGFG
TGIGPGTCEKP
8NXWNCFGCKTGFGTGHTKIGTCEKPEQP
HWICU%QTTKLCUGIPRTQEGFC
%QPFKEKP
(CNNQ
5QNWEKP
2TGUKP DCT

%QORTWGDGNCUXNXWNCUFG
RUKGPVQTTGFGTGIGPGTCEKP GZRWNUKP

6GORGTCVWTCFG
(CNVCFGCKTGFGTGIGPGTCEKP %QORTWGDGGNUGPUQTFGRTGUKP
TGIGPGTCEKPFGOCUKCFQCNVC
FGNUQRNCFQT
26
2WNXGTK\CEKPFGNFGUGECPVG %QORTQDCT4GGORNEGNQ
ECWUCPFQECFCUFGRTGUKP
2QNXQFGNFGUGECPVG
GZEGUKXQGPGNHKNVTQQVWDQ
FGUCNKFC
'PVTCFCFGUQRNCFQT
DNQSWGCFC
4GGORNCEGGNHKNVTQFGGPVTCFC
%QORTWGDGNCRTGUKPFG
VTCDCLQ[GNHNWLQFGCKTG
%CODKGNQUCLWUVG

&CVQUVEPKEQU

.OKVGU[EQPFKEKQPGUPQOKPCNGU
%QPFKEKQPGUPQOKPCNGU
2TGUKPFGGPVTCFCFGCKTGEQORTKOKFQ
DCT
G
2TGUKPFGGPVTCFCFGCKTGEQORTKOKFQ
RUK

6GORGTCVWTCFGGPVTCFCFGCKTGEQORTKOKFQ
u%

6GORGTCVWTCFGGPVTCFCFGCKTGEQORTKOKFQ
u(

2TGUKPTGNCVKXCFGXCRQTFGGPVTCFC

2WPVQFGTQEQCRTGUKP
u%

2WPVQFGTQEQCRTGUKP
u(

2TGUKPOZKOCFGGPVTCFCFGCKTGEQORTKOKFQ
DCT
G

2TGUKPOZKOCFGGPVTCFCFGCKTGEQORTKOKFQ
RUK

2TGUKPOPKOCFGGPVTCFCFGCKTGEQORTKOKFQ
DCT
G

2TGUKPOPKOCFGGPVTCFCFGCKTGEQORTKOKFQ
RUK

6GORGTCVWTCOPOZFGCKTGCODKGPVCN
u%

6GORGTCVWTCOPOZFGCKTGCODKGPVCN
u(

6GORGTCVWTCOPOZFGGPVTCFCFGCKTG
EQORTKOKFQ
u%

6GORGTCVWTCOPOZFGGPVTCFCFGCKTG
EQORTKOKFQ
u(

.OKVGU

&CVQUFGNUGECFQT
'URGEKHKECEKQPGU
.QUXCNQTGUOGPEKQPCFQUCEQPVKPWCEKPUQPXNKFQUGPEQPFKEKQPGUPQOKPCNGU
XCUGNCUGEEKP.OKVGU
[EQPFKEKQPGUPQOKPCNGU

7PKFCF
$&
$&
$&
$&
$&
%CWFCNGPGPVTCFCFG
UGECFQT
NU

%CWFCNGPGPVTCFCFG
UGECFQT
EHO

%CFCFGRTGUKPUQDTG DCT
GNUGECFQT

%CFCFGRTGUKPUQDTG RUK
GNUGECFQT

2QVGPEKCGNEVTKEC
CNKOGPVCFC
5GECFQTGUFG*\
M9

5GECFQTGUFG*\
JR

5GECFQTGUFG*\
M9

5GECFQTGUFG*\
JR

6COCQTGEQOGPFCFQ &&2&
FGHKNVTQ
&&R

&GUGECPVG
UNKEG
UNKEG
IGNCVKPQ IGNCVKPQ
UC
UC
UNKEG
UNKEG
IGNCVKPQ IGNCVKPQ
UC
UC
UNKEG
IGNCVKPQ
UC
%CPVKFCFFGFGUGECPVG MI
RQTVQTTG

%CPVKFCFFGFGUGECPVG ND
RQTVQTTG



+PUVTWEEKQPGU2'&
.QUTGEKRKGPVGUCRTGUKPUQPRKG\CUUWLGVCUCNC&KTGEVKXC%'TGNCVKXCCNQUTGEKRKGPVGUCRTGUKP
UKORNG[UGGZENW[GPFGNC&KTGEVKXC%'UGIPGNCTVEWNQ+UGEEKP
.CUFGOURKG\CUUQOGVKFCUCRTGUKPVCODKPGUVPGZENWKFCU[UWLGVCUCNCTVEWNQFGNC&KTGEVKXC
%'RQTNQSWGFGDGPFKUGCTUGUGIPRTEVKECUFGKPIGPKGTCRVKOCU
.CRTGUKPFGFKUGQGUFGDCT
G.CECVGIQTCUGIPNC&KTGEVKXC%'FGNEQPLWPVQFGRTGUKP
CUEQOQGNXQNWOGPGPNKVTQUUGKPFKECGPNCVCDNCUKIWKGPVG

6KRQFGOSWKPC
%QPVGPKFQ=+?
%CVGIQTC2'&FGEQPLWPVQFGRTGUKP
$&

CTVRCT
$&

CTVRCT
$&

CTVRCT
$&

CTVRCT
$&

CTVRCT
BD 100, BD 150, BD 185, BD 250, BD 300
Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra

conviccin de que slo podremos destacar en lo que
hacemos si ofrecemos la mejor experiencia tecnolgica
posible para ayudar realmente a nuestros clientes a
producir, crecer y triunfar.
Slo hay una forma de conseguirlo nosotros lo
llamamos simplemente el estilo Atlas Copco. Se basa en
la interaccin, las relaciones a largo plazo y la
participacin en los procesos, necesidades y objetivos de
los clientes. Significa que debemos ser flexibles para
adaptarnos a los variados requisitos de las personas que
confan en nosotros.
El compromiso con el negocio de nuestros clientes
dirige nuestro esfuerzo para aumentar su productividad
mediante mejores soluciones. Un compromiso que
comienza prestando pleno apoyo a los productos
existentes y mejorando las cosas continuamente. Pero no
nos detenemos aqu, concebimos y realizamos avances
tecnolgicos a travs de la innovacin. No por simple
amor a la tecnologa, sino pensando en los resultados y
en la tranquilidad de nuestros clientes.
As es como Atlas Copco se esforzar por seguir siendo
la primera eleccin, atraer nuevos negocios y mantener
nuestra posicin como lder de la industria.

Manual de Secadora BD-150

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Manual de Secadora BD-150

Uploaded by

Copyright:

Available Formats

Manual de instrucciones

BD 100, BD 150, BD 185, BD 250, BD 300

Fecha de impresin ......... 04/08/2005

BD 100, BD 150, BD 185, BD 250, BD 300

Atlas Copco se distingue como empresa por nuestra

You might also like