You are on page 1of 116

Manual de instrucciones

GA 75 VSD, GA 90 VSD

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 ......... 14/12/2005

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 

 (.7,1&'#+4' 

 5+56'/#&'#%'+6' 

 5+56'/#&'4'(4+)'4#%+0 

 5+56'/#&'%10&'05#&1 

 5+56'/#&'4')7.#%+0 

 5+56'/#'.%64+%1 

 &+#)4#/#5'.%64+%15 

 5'%#&14&'#+4' 

 4GIWNCFQT'NGMVTQPKMQP++ 

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

 2#0'.&'%10641. 

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

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

 $160&'2#4#&#&''/'4)'0%+# 

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

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

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

 %1057.6#42+&#&'.'56#&1#%67#.&'.%1/24'514 

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

 /'0#7&+6&#6# 


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

 /'0%106#&14'5  

 /'0247'$#  

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

 /1&+(+%#4.15#,756'5&'.%1/24'514/1614  

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

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

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

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

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

 241)4#/#4/1&15&'%10641.&'.%1/24'514  

 /'05'48+%+1  

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

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

 5GRCTCFQTFGCEGKVGEQPFGPUCFQ15& 

 70+&#&15&  

 +056#.#%+0  

 +05647%%+10'5&'(70%+10#/+'061;/#06'0+/+'061  

 2+%61)4#/#5  

 +PUVCNCEKP 

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

 24127'56#&'+056#.#%+0  

 %10':+10'5'.%64+%#5  

 4'37+5+615&'.#)7#&'4'(4+)'4#%+0  

 2+%61)4#/#5  

 +PUVTWEEKQPGUFGHWPEKQPCOKGPVQ 

 #06'5&'.#44#037'+0+%+#.  

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


 #06'5&'#44#0%#4 

 #44#037' 

 &74#06''.(70%+10#/+'061 

 %1/241$#4'.&+52.#; 

 2#4#&# 

 27'56#(7'4#&'5'48+%+1 

 /CPVGPKOKGPVQ 

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

 /1614&'#%%+10#/+'061 

 '52'%+(+%#%+10'5&'.#%'+6' 

 %#/$+1&'#%'+6';(+.6415&'#%'+6' 

 #./#%'0#/+'061&'5275&'.#+056#.#%+0 

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

 #LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ  

 (+.641&'#+4' 

 4'(4+)'4#&14'5 

 8.87.#&'5')74+&#& 

 5QNWEKPFGRTQDNGOCU 

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

 &CVQUVEPKEQU 

 +0&+%#%+10'5'0'.&+52.#; 

 6#/#1&'%#$.'5'.%64+%15 

 #,756'5&'.&+5;70614&'./1614&'.8'06+.#&14 

 #,756'5&'.15(75+$.'5 

 %10&+%+10'5&'4'('4'0%+#;.+/+6#%+10'5 

 &#615&'.%1/24'514 


 +PUVTWEEKQPGURCTCGNWUQFGNFGRUKVQFGCKTG 

 +05647%%+10'5&'.&'25+61&'#+4'  

 2'&  

 &+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


/CPWCNFGKPUVTWEEKQPGU

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
XNXWNCUFGTGVGPEKP RCTCCKUNCT
UKUVGOCUCRTGUKP
 0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCOSWKPC%CFCTGEKRKGPVGCRTGUKPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
OSWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKPUWRGTKQTCNCCVOQUHTKECUGRTQVGIGTEQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKPUKGUVQHWGTCPGEGUCTKQ
 &GDGRTQVGIGTQCKUNCTNCUVWDGTCUWQVTCURCTVGUSWGCNECPEGPVGORGTCVWTCUUWRGTKQTGUCNQUu%

u( SWGRWGFCVQECTCEEKFGPVCNOGPVGGNRGTUQPCNFWTCPVGGNHWPEKQPCOKGPVQPQTOCN.CUQVTCU
VWDGTCUCVGORGTCVWTCGNGXCFCUGOCTECTPCFGEWCFCOGPVG


/CPWCNFGKPUVTWEEKQPGU

 2CTCXGTUKQPGUTGHTKIGTCFCURQTCIWCGNUKUVGOCFGCIWCFGTGHTKIGTCEKPKPUVCNCFQHWGTCFGNC
OSWKPCFGDGGUVCTRTQVGIKFQRQTWPFKURQUKVKXQFGUGIWTKFCFEQPRTGUKPFGCLWUVGEQPHQTOGCNC
RTGUKPOZKOCFGGPVTCFCFGCIWCFGTGHTKIGTCEKP
 5KGNUWGNQPQGUVPKXGNCFQQRWGFGGUVCTUWLGVQCKPENKPCEKPXCTKCDNGEQPUWNVGCNHCDTKECPVG

%QPUWNVGVCODKPNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGHWPEKQPCOKGPVQ[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPXNKFCURCTCOSWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUVKRQUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGURTQRKCU
FGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECTEVGTIGPGTCN[UQPXNKFCURCTCXCTKQUVKRQUFG
OSWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCOSWKPC

 2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ

'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


/CPWCNFGKPUVTWEEKQPGU

2TGECWEKQPGUFWTCPVGHWPEKQPCOKGPVQ
 7UGUQNCOGPVGGNVKRQ[VCOCQEQTTGEVQUFGEQPGZKQPGU[CEEGUQTKQU#NUQRNCTCKTGCVTCXUFG
WPCOCPIWGTCQVWDGTCCUGITGUGFGSWGUGUWLGVCHKTOGOGPVGGNGZVTGOQCDKGTVQ7PGZVTGOQ
NKDTGIQNRGCTEQOQWPNVKIQ[RQFTECWUCTNGUKQPGU#UGITGUGFGSWGNCUOCPIWGTCUGUVP
EQORNGVCOGPVGFGURTGUWTK\CFCUCPVGUFGFGUEQPGEVCTNCU
 .CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUVXGTKHKECPFQNCOSWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECTWPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKPCTTCPECRQTEQPVTQNTGOQVQ
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

%QPUWNVGVCODKPNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGKPUVCNCEKP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPXNKFCURCTCOSWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECTEVGTIGPGTCN[UQPXNKFCURCTCXCTKQUVKRQUFG
OSWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCOSWKPC


/CPWCNFGKPUVTWEEKQPGU

 2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQ
TGRCTCEKQPGU

'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

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQTGRCTCEKQPGU
 2PICUGUKGORTGWPCUICHCUFGUGIWTKFCF
 7UGUQNCOGPVGNCUJGTTCOKGPVCUCFGEWCFCUCNVTCDCLQFGOCPVGPKOKGPVQ[TGRCTCEKP
 5NQRQFTPWVKNK\CTUGTGRWGUVQUQTKIKPCNGU
 .QUVTCDCLQUFGOCPVGPKOKGPVQUGNNGXCTPCECDQPKECOGPVGEWCPFQNCOSWKPCUGJC[CGPHTKCFQ
 #FGOUGNGSWKRQFGCTTCPSWGFGDGNNGXCTWPECTVGNSWGFKICRGLUGGUVVTCDCLCPFQPQRQPGTGP
OCTEJC
 .CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUVXGTKHKECPFQNCOSWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECTWPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC 
 %KGTTGNCXNXWNCFGUCNKFCFGCKTGCPVGUFGEQPGEVCTQFGUEQPGEVCTWPCVWDGTC
 #PVGUFGFGUOQPVCTEWCNSWKGTEQORQPGPVGRTGUWTK\CFQCUNGGNITWRQFGVQFCUNCUHWGPVGUFG
RTGUKP[CNKXKGVQFQGNUKUVGOCFGRTGUKP
 0WPECWUGFKUQNXGPVGUKPHNCOCDNGUPKVGVTCENQTWTQFGECTDQPQRCTCNKORKCTNCURKG\CU6QOGOGFKFCU
FGUGIWTKFCFEQPVTCXCRQTGUVZKEQUFGNSWKFQUFGNKORKG\C
 'ZVTGOGNCNKORKG\CFWTCPVGNQUVTCDCLQUFGOCPVGPKOKGPVQ[TGRCTCEKP%WDTCNCURKG\CU[NCU
CDGTVWTCUEQPWPRCQNKORKQRCRGNQEKPVCCFJGUKXCGXKVCPFQCUSWGRGPGVTGRQNXQ


/CPWCNFGKPUVTWEEKQPGU

 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

%QPUWNVGVCODKPNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGKPUVCNCEKP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPXNKFCURCTCOSWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECTEVGTIGPGTCN[UQPXNKFCURCTCXCTKQUVKRQUFG
OSWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCOSWKPC


/CPWCNFGKPUVTWEEKQPGU

 &GUETKREKPIGPGTCN

 +PVTQFWEEKP

+PVTQFWEEKP
)#85&[)#85&UQPEQORTGUQTGUFGVQTPKNNQFGGVCRCPKECEQPKP[GEEKPFGCEGKVG[
CEEKQPCOKGPVQRQTOQVQTGNEVTKEQ.QUEQORTGUQTGUUQPTGHTKIGTCFQURQTCKTG
.QUOQFGNQUTGHTKIGTCFQURQTCIWC)#85&[)#85&UQPEQORTGUQTGUFGVQTPKNNQFGGVCRCPKEC
EQPKP[GEEKPFGCEGKVG[CEEKQPCOKGPVQRQTOQVQTGNEVTKEQ

)#9QTMRNCEG
.QUOQFGNQU)#9QTMRNCEGGUVPCNQLCFQUFGPVTQFGWPCECTTQEGTCKPUQPQTK\CPVG.QUEQORTGUQTGU
GUVPEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ'NOFWNQFGEQPVTQNGNGEVTPKEQGUV
KPUVCNCFQGPNCRWGTVCNCVGTCNFGTGEJC&GVTUFGGUVGRCPGNJC[WPCTOCTKQGNEVTKEQEQPHWUKDNGU
VTCPUHQTOCFQTGUTGNUGVE5GUWOKPKUVTCPEQPWPUKUVGOCFGFTGPCLGCWVQOVKEQFGNEQPFGPUCFQ

8KUVCHTQPVCN)#85&[)#85&9QTMRNCEG


/CPWCNFGKPUVTWEEKQPGU

8KUVCVTCUGTC)#85&[)#85&9QTMRNCEG

4GHGTGPEKC &GUKIPCEKP
#4 4GEGRVQTFGCKTG
#8 8NXWNCFGUCNKFCFGCKTG
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
%88U 8NXWNCFGTGVGPEKPXNXWNCFGEKGTTGFGCEGKVG
&C 5CNKFCCWVQOVKECFGEQPFGPUCFQ
' 'NGOGPVQEQORTGUQT
'4 4GIWNCFQT'NGMVTQPKMQP++
(0 8GPVKNCFQTFGGPHTKCOKGPVQ
/6 %QNGEVQTFGEQPFGPUCFQ
/ /QVQTFGCEEKQPCOKGPVQ
1( (KNVTQFGCEGKVG
5 $QVPFGRCTCFCFGGOGTIGPEKC
82 6CRPFGXGPVKNCEKP
 #TOCTKQGNEVTKEQ


/CPWCNFGKPUVTWEEKQPGU

)#9QTMRNCEG(WNN(GCVWTG
.QUOQFGNQU)#9QTMRNCEG(WNN(GCVWTG
(( GUVPCNQLCFQUFGPVTQFGWPCECTTQEGTCKPUQPQTK\CPVG.QU
EQORTGUQTGUGUVPEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ'NOFWNQFGEQPVTQN
GNGEVTPKEQGUVKPUVCNCFQGPNCRWGTVCNCVGTCNFGTGEJC&GVTUFGGUVGRCPGNJC[WPCTOCTKQGNEVTKEQEQP
HWUKDNGUVTCPUHQTOCFQTGUTGNUGVE5GUWOKPKUVTCPEQPWPUKUVGOCFGFTGPCLGCWVQOVKEQFGN
EQPFGPUCFQ
#FGOUGUVPFQVCFQUFGWPUGECFQTFGCKTGKPVGITCFQGPNCECTTQEGTCKPUQPQTK\CPVG'NUGECFQTGNKOKPC
GNEQPFGPUCFQFGNCKTGEQORTKOKFQGPHTKPFQNQCEGTECFGNRWPVQFGEQPIGNCEKP

8KUVCHTQPVCN)#85&[)#85&9QTMRNCEG(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

8KUVCVTCUGTC)#85&[)#85&9QTMRNCEG(WNN(GCVWTG

4GHGTGPEKC &GUKIPCEKP
#( (KNVTQFGCKTG
#4 4GEGRVQTFGCKTG
#8 8NXWNCFGUCNKFCFGCKTG
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
%88U 8NXWNCFGTGVGPEKPXNXWNCFGEKGTTGFGCEGKVG
&C 5CNKFCCWVQOVKECFGEQPFGPUCFQ
&C 5CNKFCCWVQOVKECFGEQPFGPUCFQUGECFQT
&4 5GECFQT
' 'NGOGPVQEQORTGUQT
'4 4GIWNCFQT'NGMVTQPKMQP++
(0 8GPVKNCFQTFGGPHTKCOKGPVQ
/6 %QNGEVQTFGEQPFGPUCFQ
/ /QVQTFGCEEKQPCOKGPVQ
1( (KNVTQFGCEGKVG
5 $QVPFGRCTCFCFGGOGTIGPEKC
82 6CRPFGXGPVKNCEKP
 %WDEWNQGNEVTKEQ


/CPWCNFGKPUVTWEEKQPGU

4GHTKIGTCFQTGUGPEQORTGUQTGUTGHTKIGTCFQURQTCIWC

4GHTKIGTCFQTFGCKTG[TGHTKIGTCFQTFGCEGKVGTGHTKIGTCFQURQTCIWC

4GHGTGPEKC &GUKIPCEKP
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG

 (NWLQFGCKTG

&KCITCOCFGHNWLQ

)#85&[)#85&9QTMRNCEG


/CPWCNFGKPUVTWEEKQPGU

)#85&[)#85&9QTMRNCEG(WNN(GCVWTG

4GHGTGPEKC &GUETKREKP
# 'PVTCFCFGCKTG
$ /G\ENCFGCKTGCEGKVG
% #EGKVG
& %QPFGPUCFQ
( #KTGEQORTKOKFQJOGFQ
) #KTGUGEQ

0QVCGNXGPVKNCFQTFGGPHTKCOKGPVQPQUGRTQRQTEKQPCGPEQORTGUQTGUTGHTKIGTCFQURQTCIWC

&GUETKREKP
&GN)#85&CN)#85&UGEQORTKOGGNCKTGCURKTCFQRQTGNHKNVTQ
#( [NCXNXWNCFGTGVGPEKP

%8 GPGNGNGOGPVQEQORTGUQT
' 
'NCKTGEQORTKOKFQ[GNCEGKVGRCUCPCNFGRUKVQFGCKTGUGRCTCFQTFGCEGKVG
#4 'NCKTGUGFGUECTICC
VTCXUFGNCXNXWNCFGUCNKFCOGFKCPVGNCXNXWNCFGRTGUKPOPKOC
8R GNTGHTKIGTCFQTFGCKTG
%C [GN
EQNGEVQTFGEQPFGPUCFQ
/6 
.CXNXWNCFGRTGUKPOPKOC
8R KORKFGSWGNCRTGUKPFGNFGRUKVQECKICRQTFGDCLQFGNCRTGUKP
OPKOCGKPENW[GWPCXNXWNCFGTGVGPEKPSWGGXKVCGNTGVTQEGUQFGCKTGEQORTKOKFQFGUFGNCTGFFGCKTG


/CPWCNFGKPUVTWEEKQPGU

.QUEQORTGUQTGU(WNN(GCVWTGGUVPRTQXKUVQUFGUGECFQT
&4 

 5KUVGOCFGCEGKVG

&KCITCOCUFGHNWLQ

4GHGTGPEKC &GUETKREKP
# 'PVTCFCFGCKTG
$ /G\ENCFGCKTGCEGKVG
% #EGKVG
& #KTGEQORTKOKFQJOGFQ
( %QPFGPUCFQ
 5KUGVTCVCFGWPCWPKFCF9QTMRNCEGCNCXNXWNCFGUCNKFCFGCKTG
5KUGVTCVCFGWPCWPKFCF(WNN(GCVWTGCNUGECFQT

0QVCGNXGPVKNCFQTFGGPHTKCOKGPVQPQUGRTQRQTEKQPCGPEQORTGUQTGUTGHTKIGTCFQURQTCIWC

&GUETKREKP
'PGNFGRUKVQFGCKTG
#4 NCOC[QTRCTVGFGNCEGKVGUGUGRCTCFGNCOG\ENCFGCKTGCEGKVGFGHQTOC
EGPVTHWIC'NTGUVQNQFGUGEJCGNUGRCTCFQTFGCEGKVG
15 'NCEGKVGUGTGEQIGGPGNHQPFQFGNFGRUKVQ
FGCKTGUGRCTCFQTFGCEGKVG
#4 SWGUKTXGFGVCPSWGFGCEGKVG
'NUKUVGOCFGCEGKVGXCRTQXKUVQFGWPCXNXWNCFGFGTKXCEKP
$8 #NDCLCTNCVGORGTCVWTCFGNCEGKVGDCLQ
u%
u( NCXNXWNCFGFGTKXCEKP
$8 EQTVCTNCCNKOGPVCEKPFGCEGKVGFGUFGGNTGHTKIGTCFQT

%Q .CRTGUKPFGNCKTGKORWNUCGNCEGKVGFGUFGGNFGRUKVQFGCKTG
#4 CVTCXUFGNHKNVTQFGCEGKVG
1( 
[NCXNXWNCFGEKGTTG
8U JCUVCGNGNGOGPVQEQORTGUQT
' [NQURWPVQUFGNWDTKECEKP5GFGLCHWGTCFGN
EKTEWKVQGNTGHTKIGTCFQTFGCEGKVG
%Q 
.CXNXWNCFGFGTKXCEKP
$8 UGXCCDTKGPFQRCTCRGTOKVKTNCCFOKUKPFGCEGKVGFGNTGHTKIGTCFQT
%Q CN
UWDKTNCVGORGTCVWTCFGNCEGKVGCu%
u( #WPQUu%
u( VQFQGNCEGKVGRCUCRQTGN
TGHTKIGTCFQT


/CPWCNFGKPUVTWEEKQPGU

 5KUVGOCFGTGHTKIGTCEKP

&GUETKREKP
'NUKUVGOCFGTGHTKIGTCEKPXKGPGFQVCFQFGWPTGHTKIGTCFQTFGCKTG
%C [QVTQFGCEGKVG
%Q 
.QUEQORTGUQTGUTGHTKIGTCFQURQTCKTGVKGPGPWPXGPVKNCFQTFGTGHTKIGTCEKP
(0 
.QUEQORTGUQTGUTGHTKIGTCFQURQTCIWCGUVPFQVCFQUFGWPUKUVGOCFGCIWCFGTGHTKIGTCEKP'NCIWC
RCUCRQTGNVWDQFGGPVTCFCNQUTGHTKIGTCFQTGU[GNVWDQFGUCNKFC

 5KUVGOCFGEQPFGPUCFQ

&KURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWC

2WPVQUFGFTGPCLGFGEQPFGPUCFQ
GLGORNQVRKEQ

7DKECEKPFGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGEQPFGPUCFQ

.QUEQORTGUQTGU)#9QTMRNCEG[9QTMRNCEG(WNN(GCVWTGVKGPGPWPFKURQUKVKXQGNGEVTPKEQFGFTGPCLGFG
CIWC
'9& 'NEQPFGPUCFQFGNTGHTKIGTCFQTFGCKTGUGCEWOWNCGPWPEQNGEVQT%WCPFQUVGCNECP\CWP
PKXGNFGVGTOKPCFQUGFGUECTICCVTCXUFGNCUCNKFCFGFTGPCLG
&C 
'PNQUEQORTGUQTGU)#9QTMRNCEG(WNN(GCVWTGUGRTQRQTEKQPCWPFKURQUKVKXQGNGEVTPKEQFGFTGPCLGFG
CIWC
'9& CFKEKQPCNSWGTGEQIGGNEQPFGPUCFQFGNUGRCTCFQTFGNUGECFQTUVGUGFGUECTIC
RQUVGTKQTOGPVGCVTCXUFGNCUCNKFCFGFTGPCLG
&C 
%QPUWNVGVCODKPNCUGEEKP(NWLQFGCKTG
5GRWGFGRTQDCTGNFKURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWCRWNUCPFQGNDQVPFGRTWGDC
 SWGUG
GPEWGPVTCUQDTGN


/CPWCNFGKPUVTWEEKQPGU

 5KUVGOCFGTGIWNCEKP

&GUETKREKP
5KGNEQPUWOQFGCKTGGUKPHGTKQTCNSWGUWOKPKUVTCGNEQORTGUQTNCRTGUKPFGNCTGFCWOGPVCT%WCPFQ
NCRTGUKPFGNCTGFGUUWRGTKQTCNCFGNRWPVQFGCLWUVG
RTGUKPFGUGCFCFGNCTGF GNTGIWNCFQTTGFWEGNC
XGNQEKFCFFGNOQVQT5KNCRTGUKPFGNCTGFUKIWGGPCWOGPVQEQPGNOQVQTCNCXGNQEKFCFOPKOCGN
TGIWNCFQTFGVKGPGGNOQVQT5KGNOQVQTUGFGVKGPGCWVQOVKECOGPVG[NCRTGUKPFGNCTGFCNECP\CGN
RWPVQFGCLWUVGGNTGIWNCFQTXQNXGTCCTTCPECTGNOQVQT

 5KUVGOCGNEVTKEQ

)GPGTCNKFCFGU
%QPUWNVGVCODKPNCUUGEEKQPGU&KCITCOCUGNEVTKEQU[%QPGZKQPGUGNEVTKECU

#TOCTKQGNEVTKEQ
'NUKUVGOCGNEVTKEQEQPUVCFGWPEQPXGTVKFQTFGHTGEWGPEKC[FGNQUEQORQPGPVGUUKIWKGPVGU

#TOCTKQGNEVTKEQRCTC)#85&[)#85&GLGORNQVRKEQ


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKCU

4GHGTGPEKC &GUKIPCEKP
( (WUKDNGU
( (WUKDNGU
- %QPVCEVQTFGVTKPIWNQ
... $QTPGUUWOKPKUVTQFGGPGTIC
3 &KU[WPVQT
6 6TCPUHQTOCFQT

 &KCITCOCUGNEVTKEQU

&KCITCOCU

&KCITCOCFGUGTXKEKQRCTC)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKP

 2CTCFCFGGOGTIGPEKC

 #TTCPSWGRCTCFCCFKUVCPEKC

 5QDTGECTICOQVQTFGXGPVKNCFQT

 (CNNQ'9&

 &RFGHKNVTQ&&

 &RFGHKNVTQ2&

 5GNGEEKPFGDCPFCFGRTGUKPCFKUVCPEKC

 5QDTGECTICOQVQTFGNXGPVKNCFQT
XGTUKP+6

 2CTCFCFGGOGTIGPEKCCFKUVCPEKC

 %QPVCEVQUCWZKNKCTGU

 (WPEKQPCOKGPVQOCPWCN

 (WPEKQPCOKGPVQCWVQOVKEQ

 #XKUQIGPGTCN

 2CTCFCFGCNCTOCIGPGTCN

&GUKIPCEKQPGU

4GHGTGPEKC %QORTGUQT
# 5GECFQT
$ &KURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC
'9&
/ /QVQTFGNEQORTGUQT
/ /QVQTFGXGPVKNCFQT
2&6 5GPUQTFGRTGUKPFKHGTGPEKCFGRTGUKPUQDTGUGRCTCFQTFGCEGKVG
26 5GPUQTFGRTGUKPCKTGFGUWOKPKUVTQ
66 5GPUQTFGVGORGTCVWTCCODKGPVG
66 5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66 5GPUQTFGVGORGTCVWTCGPVTCFCFGCIWCFGTGHTKIGTCEKP
EQORTGUQTGUTGHTKIGTCFQU
RQTCIWC
66 5GPUQTFGVGORGTCVWTCUCNKFCFGCIWCFGTGHTKIGTCEKP
EQORTGUQTGUTGHTKIGTCFQU
RQTCIWC
66 5GPUQTFGVGORGTCVWTCGPVTCFCUCNKFCFGCIWCFGTGEWRGTCEKPFGGPGTIC
66 5GPUQTFGVGORGTCVWTCRWPVQFGTQEQ
(WNN(GCVWTG
; 8NXWNCFGUQNGPQKFGFGECTIC

4GHGTGPEKC %WDEWNQFGCTTCPSWG
(( (WUKDNGU
- %QPVCEVQTCWZKNKCTRCTCUGECFQT
(WNN(GCVWTG
- %QPVCEVQTOQVQTFGNXGPVKNCFQT
- %QPVCEVQTRTKPEKRCN
. (KNVTQ
3 &KU[WPVQTOQVQTFGXGPVKNCFQT
55 +PVGTTWRVQTFGUGTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC %WDEWNQFGCTTCPSWG
6 6TCPUHQTOCFQT
7 %QPXGTVKFQTFGHTGEWGPEKC
< '/%HKNVTQ
:: 4GINGVCUFGDQTPGU
:: %QPGEVQTGU

4GHGTGPEKC /FWNQFGEQPVTQN
+ $QVPFGCTTCPSWG
- 4GNCWZKNKCTOQVQTFGNXGPVKNCFQT
- 4GNCWZKNKCT
- 4GNCWZKNKCT
- 4GNCWZKNKCTECTICFGUECTIC
- 4GNCWZKNKCT85&
- 4GNCWZKNKCTEQPVTQNFGUGECFQT
- 4GNCWZKNKCTHWPEKQPCOKGPVQOCPWCNCWVQOVKEQ
- 4GNCWZKNKCTCXKUQIGPGTCN
- 4GNCWZKNKCTRCTCFCFGCNCTOCIGPGTCN
1 $QVPFGRCTCFC
5 $QVPFGRCTCFCFGGOGTIGPEKC

4GHGTGPEKC 'SWKRQQREKQPCN
#+' 'PVTCFCCPCNIKECOFWNQFGGZRCPUKP
$ &KURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC
'9& 
(WNN(GCVWTG
2&5 +PVGTTWRVQT&RRCTCHKNVTQ&&KPVGITCFQ
2&5 +PVGTTWRVQT&RRCTCHKNVTQ2&KPVGITCFQ
444 2TQVGEEKPEQPVTCEQPIGNCEKP
44 %CNGPVCFQTGUEQPXGTVKFQT
4 %CNGPVCFQTCPVKEQPFGPUCEKP
5 +PVGTTWRVQTUGRCTCFQTRTKPEKRCNFGGPGTICGNEVTKEC
65.. 6GTOQUVCVQRTQVGEEKPEQPVTCEQPIGNCEKPFGEWDEWNQ
65.. 6GTOQUVCVQRTQVGEEKPEQPVTCEQPIGNCEKPFGEQPXGTVKFQT
66 5GPUQTFGVGORGTCVWTCRTQVGEEKPEQPVTCEQPIGNCEKPFGEWDEWNQ
66 5GPUQTFGVGORGTCVWTCRTQVGEEKPEQPVTCEQPIGNCEKPFGEQPXGTVKFQT
; 8NXWNCFGEKGTTGFGCIWC
EQORTGUQTGUTGHTKIGTCFQURQTCIWC


/CPWCNFGKPUVTWEEKQPGU

 5GECFQTFGCKTG

&KCITCOCFGHNWLQ

5GECFQTFGCKTG

4GHGTGPEKC &GUKIPCEKP
#+ 'PVTCFCFGCKTG
#1 5CNKFCFGCKTG
 +PVGTECODKCFQTFGECNQTCKTGCKTG
 +PVGTECODKCFQTFGECNQTGXCRQTCFQTCKTGTGHTKIGTCPVG
 5GRCTCFQTFGEQPFGPUCFQ
 5CNKFCFGEQPFGPUCFQ
 %QORTGUQTFGTGHTKIGTCPVG
 %QPFGPUCFQTFGTGHTKIGTCPVG
 5GECFQTHKNVTQFGTGHTKIGTCPVGNSWKFQ
 8NXWNCFGGZRCPUKPVGTOQUVVKEC
 8NXWNCFGFGTKXCEKPFGICUECNKGPVG
 8GPVKNCFQTFGTGHTKIGTCEKPFGEQPFGPUCFQT
 2TGUQUVCVQEQPVTQNFGNXGPVKNCFQT

%KTEWKVQFGCKTGEQORTKOKFQ
'NCKTGEQORTKOKFQGPVTCGPGNKPVGTECODKCFQTFGECNQT
 [UGGPHTCOGFKCPVGGNCKTGUGECFQ[HTQSWG
UCNG'NCIWCFGNCKTGSWGGPVTCGORKG\CCEQPFGPUCTUG.WGIQGNCKTGHNW[GCVTCXUFGNKPVGTECODKCFQT
FGECNQTGXCRQTCFQT
 FQPFGGNTGHTKIGTCPVGUGGXCRQTCJCEKGPFQSWGGNCKTGEQPVKPGGPHTKPFQUG
JCUVCCEGTECTUGCNCVGORGTCVWTCFGGXCRQTCEKPFGNTGHTKIGTCPVG5GEQPFGPUCOUCIWCGPGNCKTG'N
CKTGHTQRCUCGPUGIWKFCCVTCXUFGNUGRCTCFQT
 FQPFGVQFQGNEQPFGPUCFQUGUGRCTCFGNCKTG'N
EQPFGPUCFQUGRWTICCWVQOVKECOGPVGCVTCXUFGNCUCNKFC
 
'NCKTGUGECFQ[HTQRCUCCVTCXUFGNKPVGTECODKCFQTFGECNQT
 FQPFGUGECNKGPVCOGFKCPVGGNCKTGSWG
GPVTC


/CPWCNFGKPUVTWEEKQPGU

%KTEWKVQFGTGHTKIGTCPVG
'NEQORTGUQT
 FGUECTICICUTGHTKIGTCPVGECNKGPVGCCNVCRTGUKPSWGHNW[GCVTCXUFGNEQPFGPUCFQT
 
FQPFGUGEQPFGPUCNCOC[QTRCTVGFGNTGHTKIGTCPVG
'NNSWKFQRCUCCVTCXUFGNUGECFQTHKNVTQFGTGHTKIGTCPVGNSWKFQ
 CNVWDQECRKNCT
 'NTGHTKIGTCPVGUCNG
FGNVWDQECRKNCTCRTGUKPFGGXCRQTCEKP
'NTGHTKIGTCPVGGPVTCGPGNGXCRQTCFQT
 FQPFGSWKVCECNQTCNCKTGEQORTKOKFQOGFKCPVGWPCPWGXC
GXCRQTCEKPCRTGUKPEQPUVCPVG'NTGHTKIGTCPVGECNGPVCFQUCNGFGNGXCRQTCFQT[GUCURKTCFQRQTGN
EQORTGUQT
 
.CXNXWNCFGFGTKXCEKP
 TGIWNCGNHNWLQFGTGHTKIGTCPVG'NXGPVKNCFQT
 NQEQPGEVCQFGUEQPGEVCGN
KPVGTTWRVQT
 UGIPGNITCFQFGECTICFGNEKTEWKVQFGTGHTKIGTCPVG


/CPWCNFGKPUVTWEEKQPGU

 4GIWNCFQT'NGMVTQPKMQP++

 4GIWNCFQT'NGMVTQPKMQPs++

2CPGNFGEQPVTQN

)GPGTCNKFCFGU
'NTGIWNCFQT'NGMVTQPKMQPIQDKGTPCCNEQORTGUQTOGFKCPVGNCUUKIWKGPVGUQRGTCEKQPGU
#FCRVCEKPFGNCUCNKFCFGNEQORTGUQTCNEQPUWOQFGCKTG
2CTCFCFGNEQORTGUQTECFCXG\SWGUGCPGEGUCTKQ
4GCTTCPSWGFGNEQORTGUQTEWCPFQUGTGSWKGTC
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUUKIWKGPVGUHWPEKQPGU
%QPVTQNCTGNEQORTGUQT
2TQVGIGTGNEQORTGUQT
/QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
#TTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
JGEJQKPCEVKXQ

%QPVTQNFGNEQORTGUQT
'NTGIWNCFQTCFCRVCGNUWOKPKUVTQFGCKTGFGNEQORTGUQTCNEQPUWOQFGCKTGCLWUVCPFQNCXGNQEKFCFFGN
OQVQT'NTGIWNCFQTVKGPGGPEWGPVCWPPOGTQFGCLWUVGURTQITCOCDNGUGPVTGQVTQU
2WPVQFGCLWUVGFGRTGUKPFGNCTGF
&KUETGRCPEKCFGRCTCFCKPFKTGEVC
&KUETGRCPEKCFGRCTCFCFKTGEVC
$CPFCRTQRQTEKQPCN
6KGORQFGKPVGITCEKP
8GNQEKFCFOPKOC
6KGORQFGRCTCFCOPKOQ
.OKVGFGXGNQEKFCFOZKOC
6KGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC
UKGUVCEVKXCFQ
'NTGIWNCFQTFGVKGPGGNEQORTGUQTECFCXG\SWGUGCRTGEKUQ


/CPWCNFGKPUVTWEEKQPGU

2CTCFCKPFKTGEVCGUFGEKTGNEQORTGUQTOCTEJCCXGNQEKFCFOPKOC[NCRTGUKPFGNCTGFUWDGCNPKXGN
FGRCTCFCKPFKTGEVC
%QPUWNVGNCUGEEKP#LWUVGURTQITCOCDNGU
2CTCFCFKTGEVCGUFGEKTGNEQORTGUQTOCTEJCCWPCXGNQEKFCFGPVTGGNOPKOQ[OZKOQ[NCRTGUKP
FGNCTGFUWDGRQTGPEKOCFGNRWPVQFGCLWUVGFGRCTCFCFKTGEVC
%QPUWNVGNCUGEEKP#LWUVGURTQITCOCDNGU

'URQUKDNGRTQITCOCTWPPOGTQFGOCPFQUFGCTTCPSWGCWVQOVKEQRCTCFCSWG
CEVCPGPWPVKGORQFCFQ6GPICGPEWGPVCSWGUGGLGEWVCTWPOCPFQFGCTTCPSWG

UKGUVRTQITCOCFQ[CEVKXCFQ KPENWUQFGURWUFGRCTCTGNEQORTGUQT
OCPWCNOGPVG

2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCTGNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
 [RCTRCFGCTGN.'&FGCNCTOCIGPGTCN
 'N
EQORTGUQTUGFGVGPFTVCODKPGPECUQFGUQDTGECTICFGNOQVQTFGNXGPVKNCFQT
5QNWEKQPGGNRTQDNGOC[TGCTOGNCPQVKEKC%QPUWNVGCFGOUNCUGEEKP/GP&CVQUFGGUVCFQ

#PVGUFGKPVGPVCTUQNWEKQPCTPCFCEQPUWNVGNCUUGEEKQPGU2TGECWEKQPGUFGUGIWTKFCF
[5QNWEKPFGRTQDNGOCU

#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTUWRGTCGNPKXGNFGCXKUQFGRCTCFCRTQITCOCFQ
CRCTGEGTWPOGPUCLGGPGNFKURNC[
 [UGGPEGPFGTGN.'&FGCNCTOCIGPGTCN
 EQPQDLGVQFGCXKUCT
CNQRGTCFQTFGSWGUGGZEGFGGNPKXGNFGCXKUQFGRCTCFC
'NOGPUCLGFGUCRCTGEGGPEWCPVQFGUCRCTGEGNCEQPFKEKPFGCXKUQ

#XKUQFGUGTXKEKQ
7PCUGTKGFGCEEKQPGUFGUGTXKEKQUGCITWRCP
GPNQUNNCOCFQU2NCPGUFG5GTXKEKQ#$%GVE %CFC
2NCPFG5GTXKEKQVKGPGWPKPVGTXCNQFGVKGORQRTQITCOCFQ5KUGGZEGFGCNIPKPVGTXCNQCRCTGEGTWPC
PQVKEKCGPGNFKURNC[
 EQPQDLGVQFGCXKUCTCNQRGTCFQTFGSWGNNGXGCECDQNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP

#XKUQ
6CODKPCRCTGEGWPCPQVKEKCFGCXKUQUK
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCNCVGORGTCVWTCFGUCNKFCFGNCIWCFGTGHTKIGTCEKPGZEGFGGN
PKXGNFGCXKUQ
'PEQORTGUQTGU(WNN(GCVWTGNCVGORGTCVWTCFGNRWPVQFGTQEQGZEGFGGNPKXGNFGCXKUQ

4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKPFGCTTCPSWGCWVQOVKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURWUFGWPCKPVGTTWREKPGNEVTKEC&KEJCHWPEKPGUVFGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCHDTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUUGFGUGC%QPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

5KGUVCEVKXCFCNCHWPEKP[UKGORTGSWGGNTGIWNCFQTUGGPEWGPVTGGPGNOQFQFG
HWPEKQPCOKGPVQCWVQOVKEQGNEQORTGUQTXQNXGTCCTTCPECTCWVQOVKECOGPVGUKGN
XQNVCLGFGUWOKPKUVTQCNOFWNQUGTGUVCDNGEGFGPVTQFGNRGTQFQRTQITCOCFQ
'NVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC
GNRGTQFQGPGNSWGFGDGTGUVCDNGEGTUGGN
XQNVCLGRCTCRQFGTCTTCPECTCWVQOVKECOGPVG RWGFGCLWUVCTUGGPVTG[
UGIWPFQUQCN+PHKPKVQ5KGNVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKCUGGPEWGPVTC
CLWUVCFQCN+PHKPKVQGNEQORTGUQTXQNXGTCCTTCPECTUKGORTGFGURWUFGWPC
KPVGTTWREKPFGNXQNVCLGKPFGRGPFKGPVGOGPVGFGNQSWGUGVCTFGGPTGUVCDNGEGTNQ
6CODKPGURQUKDNGRTQITCOCTWPTGVTCUQFGTGCTTCPSWGJCEKGPFQSWGXWGNXCPC
CTTCPECTRQTGLGORNQFQUEQORTGUQTGUFGHQTOCEQPUGEWVKXC

 2CPGNFGEQPVTQN

4GIWNCFQT'NGMVTQPKMQP

2CTVGU[HWPEKQPGU

4GHGTGPEKC &GUKIPCEKP (WPEKP


 $QVPFGCTTCPSWG $QVPRCTCCTTCPECTGNEQORTGUQT'N.'&
 UG
GPEKGPFGRCTCKPFKECTSWGGNTGIWNCFQT
'NGMVTQPKMQPGUVQRGTCVKXQ
 &KURNC[ /WGUVTCOGPUCLGUUQDTGGNGUVCFQFG
HWPEKQPCOKGPVQFGNEQORTGUQTNCPGEGUKFCFFG
UGTXKEKQQWPHCNNQ
 6GENCUFGFGURNC\COKGPVQ 6GENCURCTCFGURNC\CTUGJCEKCCTTKDCQCDCLQRQTGN
FKURNC[
 6GENCFGVCDWNCEKP 6GENCRCTCUGNGEEKQPCTGNRCTOGVTQKPFKECFQRQTNC
HNGEJCJQTK\QPVCN5QNCOGPVGRWGFGPOQFKHKECTUG
NQURCTOGVTQUUGIWKFQUFGWPCHNGEJCSWGUGCNG
CNCFGTGEJC
 6GENCUFGHWPEKP 6GENCURCTCIQDGTPCT[RTQITCOCTGNEQORTGUQT
 .'&FGXQNVCLGEQPGEVCFQ +PFKECSWGGUVEQPGEVCFQGNXQNVCLG


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKP (WPEKP


 .'&FGCNCTOCIGPGTCN 'UVGPEGPFKFQUKGZKUVGWPGUVCFQFGCXKUQCXKUQ
FGUGTXKEKQQCXKUQFGRCTCFCFGCNCTOC
 .'&FGCNCTOCIGPGTCN 2CTRCFGCUKGZKUVGWPCEQPFKEKPFGRCTCFCFG
CNCTOCUKUGJCTQVQWPUGPUQTKORQTVCPVGQ
FGURWUFGWPCRCTCFCFGGOGTIGPEKC
 .'&FGHWPEKQPCOKGPVQCWVQOVKEQ +PFKECSWGGNTGIWNCFQTGUVEQPVTQNCPFQGN
EQORTGUQTCWVQOVKECOGPVG
 $QVPFGRCTCFC $QVPRCTCRCTCTGNEQORTGUQT5GCRCICGN.'&

 
5NQGP)#85&[)#85&DQVPFG
RCTCFCFGNEQORTGUQT5GCRCICGN.'&
 'N
EQORTGUQTTGFWEKTNCXGNQEKFCFCNOPKOQ[
RCTCTCNECDQFGWPQURQEQUUGIWPFQU
5 $QVPFGRCTCFCFGGOGTIGPEKC 2WNUCFQTRCTCRCTCTGNEQORTGUQTCNKPUVCPVGGP
ECUQFGGOGTIGPEKC&GURWUFGUQNWEKQPCTNC
CXGTCNKDGTGGNDQVPVKTCPFQFGN

 6GENCUFGHWPEKP

2CPGNFGEQPVTQN

6GENCUFGHWPEKP
.CUVGENCU
 UGWUCPRCTC
+PXQECTQRTQITCOCTCLWUVGU
4GCTOCTWPCPQVKEKCFGUQDTGECTICFGNOQVQTRCTCFCFGCNCTOCQUGTXKEKQQWPCRCTCFCFG
GOGTIGPEKC
#EEGFGTCVQFQUNQUFCVQUTGEQIKFQURQTGNTGIWNCFQT
.CUHWPEKQPGUFGNCUVGENCUXCTCPUGIPGNOGPSWGUGOWGUVTC.CHWPEKPTGCNUGKPFKECLWUVQGPEKOC
FGNCVGENCEQTTGURQPFKGPVG#EQPVKPWCEKPUGEKVCPNCUHWPEKQPGUOUEQOWPGU

&GUKIPCEKP (WPEKP
#CF #CFGEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
FCJQTC
#VT 8WGNXGCWPCQREKPQWPOGPSWGUGJCOQUVTCFQCPVGU
%CPE %CPEGNCWPCLWUVGRTQITCOCFQCNRTQITCOCTRCTOGVTQU
$QTT $QTTCEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
#[WF 8CCNCFKTGEEKPFG#VNCU%QREQGP+PVGTPGV


/CPWCNFGKPUVTWEEKQPGU

&GUKIPCEKP (WPEKP
.O /WGUVTCNQUNOKVGURCTCWPCLWUVGRTQITCOCDNG
2TKP 8QNXGTFGUFGWPOGPCNCRCPVCNNCRTKPEKRCN
/GP 'ORG\CPFQFGUFGNCRCPVCNNCRTKPEKRCNQDVKGPGCEEGUQCNQUUWDOGPU
/GP 'ORG\CPFQFGUFGWPUWDOGPXWGNXGCWPOGPCPVGTKQT
/QF /QFKHKECCLWUVGURTQITCOCDNGU
2TQI 2TQITCOCCLWUVGUOQFKHKECFQU
4GCT 4GCTOCWPVGORQTK\CFQTQWPOGPUCLG
8NXT 8WGNXGCWPCQREKPQWPOGPSWGUGJCOQUVTCFQCPVGU
'ZVT 'PEQPVTCTNCEQPHKIWTCEKPFGNOFWNQFGNTGIWNCFQT

 6GENCUFGFGURNC\COKGPVQ

2CPGNFGEQPVTQN

.CUVGENCU
 RGTOKVGPSWGGNWUWCTKQUGFGURNCEGRQTGNFKURNC[
/KGPVTCUUGOWGUVTGGPNCRQUKEKPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGCNGJCEKCCDCLQRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUODQNQRCTCFGURNC\CTUGCNEQORQPGPVGUKIWKGPVG
/KGPVTCUUGOWGUVTGGPNCRQUKEKPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGCNGJCEKCCTTKDCRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUODQNQRCTCFGURNC\CTUGCNEQORQPGPVGCPVGTKQT

 $QVPFGRCTCFCFGGOGTIGPEKC

2CPGNFGEQPVTQN

2CTCRCTCTGNEQORTGUQTKPOGFKCVCOGPVGGPECUQFGGOGTIGPEKCRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC

5 


/CPWCNFGKPUVTWEEKQPGU

#XKUQ

#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKPFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
'URGTGJCUVCSWGUGJC[CFGVGPKFQGNEQORTGUQT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG&GUDNQSWGGGNDQVPVKTCPFQFGN2WNUGGN
DQVPFGRTWGDCSWGUGGPEWGPVTCUQDTGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLG
FGCIWCJCUVCSWGGNUKUVGOCFGCKTGSWGUGGPEWGPVTCGPVTGGNTGEGRVQTFGCKTG[
NCXNXWNCFGUCNKFCGUVEQORNGVCOGPVGFGURTGUWTK\CFQ
#DTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKPFGNENKGPVG RCTCFGUEQPGEVCTGNXQNVCLG
FGNEQORTGUQT
&GURTGUWTKEGGNUKUVGOCFGCKTG
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

 2TQITCOCUFGEQPVTQN

&GUETKREKP
#HKPFGHCEKNKVCTNCRTQITCOCEKP[GNEQPVTQNUGJCPKORNGOGPVCFQRTQITCOCUFGEQPVTQNOCPFCFQURQT
OGPUGPGNTGIWNCFQT


/CPWCNFGKPUVTWEEKQPGU

(NWLQFGOGPU
UKORNKHKECFQ


/CPWCNFGKPUVTWEEKQPGU

 /GP2CPVCNNCRTKPEKRCN

(WPEKP

2CPGNFGEQPVTQN

'NOGPFGNCRCPVCNNCRTKPEKRCNOWGUVTCGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT[HQTOCNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGUKORNGOGPVCFCUGPGNTGIWNCFQT

2TQEGFKOKGPVQ
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQOVKECOGPVGCNEQPGEVCTNCEQTTKGPVG
5KPQUGWUCPPKNCUVGENCUFGHWPEKPPKNCUVGENCUEQPHNGEJC
[ FWTCPVGCNIWPQUOKPWVQUGN
TGIWNCFQTXQNXGTCWVQOVKECOGPVGCNC2CPVCNNCRTKPEKRCN
5KGORTGSWGCRCTG\ECGPNCRCPVCNNCFGWPUWDOGPRWNUGNCVGENC 2TKP 
( RCTCXQNXGTCNC2CPVCNNC
RTKPEKRCN
'LGORNQFG2CPVCNNCRTKPEKRCN

5CNKFC%QORTGU
DCT 
TRO 
/GP
( ( (

'NFKURNC[KPFKEC
.CFGUKIPCEKPFGNUGPUQT[NCKPFKECEKPCEVWCN
0QVKEKCUFGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT
,WUVQGPEKOCFGNCUVGENCUFGHWPEKP
 NCHWPEKPCEVWCNFGFKEJCUVGENCU


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKPFGOGPU

&GUETKREKP

2CPGNFGEQPVTQN

.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQOVKECOGPVGCNEQPGEVCTUGGNXQNVCLG

5CNKFC%QORTGU
DCT 
TRO 
/GP
( ( (

.CVGENCEQPHNGEJCCDCLQ
 UGRWGFGWVKNK\CTRCTCWPCEQPUWNVCTRKFCFGNCUKVWCEKPCEVWCNFGN
EQORTGUQT
&GURWUFGRWNUCTNCVGENC /GP 
( NCQREKP &CVQUFGGUVCFQ CRCTGEGTUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 RCTCUGNGEEKQPCTGUVGOGP
1DKGPWVKNKEGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGGNUWDOGPFGUGCFQXC[CUGIWKFQFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP
 RCTCUGNGEEKQPCTGUVGOGP


/CPWCNFGKPUVTWEEKQPGU

 %QPUWNVCTRKFCFGNGUVCFQCEVWCNFGNEQORTGUQT

2TQEGFKOKGPVQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
EQPUWNVGNCUGEEKP/GPFG2CPVCNNCRTKPEKRCN RWNUGNCVGENCEQP
HNGEJCCDCLQ
 CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUGKNWUVTCCEQPVKPWCEKP
'LGORNQFGNCRCPVCNNCFGGUVCFQFGNEQORTGUQT

1RGTCEKPCWVQOV
%QPVTQN.QECN
6GORQTK\CEVKXQ
2TKP #[WF 'ZVT
( ( (

.CNPGCKPFKECGNGUVCFQFGNHWPEKQPCOKGPVQCWVQOVKEQQOCPWCNFGNTGIWNCFQT 1RGTCEKPCWVQOV 
UKIPKHKECSWGGNTGIWNCFQTCFCRVCCWVQOVKECOGPVGGNHWPEKQPCOKGPVQFGNEQORTGUQTGUFGEKTCFCRVCGN
UWOKPKUVTQFGCKTGFGNEQORTGUQTCNEQPUWOQ
.CNPGCKPFKECUKGNTGIWNCFQTHWPEKQPCEQPGNOQFQFGEQPVTQNNQECNQTGOQVQ %QPVTQN.QECN UKIPKHKEC
SWGNQUDQVQPGUFGCTTCPSWGRCTCFCFGNVGENCFQGUVPCEVKXCFQU %QPVTQN4GOQVQ UKIPKHKECSWGGUVCU
HWPEKQPGUUGEQPVTQNCPFGHQTOCTGOQVC
.CNPGCKPFKECUKGUVCEVKXCFQQPQGNVGORQTK\CFQTSWGIGPGTCOCPFQUFGCTTCPSWG[RCTCFCDCUCFQU
GPVKGORQ
2WNUGNCVGENCEQPHNGEJCCDCLQ
 RCTCQDVGPGTQVTQUFCVQU
EQPFKEKQPGUCEVWCNGUFGNEQORTGUQT 
%QPUWNVGNCUGEEKP2TQITCOCUFGEQPVTQN


/CPWCNFGKPUVTWEEKQPGU

 /GP&CVQUFGGUVCFQ

#XKUQ

#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKPRWNUGGNDQVPFGRCTCFC
 [
GURGTGJCUVCSWGJC[CRCTCFQGNEQORTGUQT%KGTTGNCXNXWNCFGUCNKFCFGCKTG[
RWNUGGNDQVPFGRTWGDCUQDTGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWC
JCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUV
EQORNGVCOGPVGFGURTGUWTK\CFQ2WNUGGNDQVPTQLQFGRCTCFCFGGOGTIGPEKC[CDTC
GNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKPFGNENKGPVG RCTCFGUEQPGEVCTGNXQNVCLGCN
EQORTGUQT
#PVGUFGKPVGPVCTUQNWEKQPCTPCFCEQPUWNVGNCUUGEEKQPGU2TGECWEKQPGUFGUGIWTKFCF
[5QNWEKPFGRTQDNGOCU
&GURTGUWTKEGGNUKUVGOCFGCKTG

(WPEKP

2CPGNFGEQPVTQN

'NUWDOGPFG&CVQUFGGUVCFQFCKPHQTOCEKPUQDTGGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKPFGN
EQORTGUQT
RCTCFCFGCNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ [RGTOKVGSWGUG
TGCTOGWPCRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKPFGUGTXKEKQ

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( NCQREKP&CVQUFGGUVCFQUGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 

0QGZKUVGPQVKEKC
'N.'&
 FGCNCTOCIGPGTCNGUVCRCICFQ[NCPQVKEKCGPGNFKURNC[KPFKECSWGVQFCUNCUEQPFKEKQPGU
UQPPQTOCNGU

6QFCUNCUEQPFEUQP1-


/GP
( ( (


/CPWCNFGKPUVTWEEKQPGU

'ZKUVGWPOGPUCLGFGRCTCFCFGCNCTOC
'PECUQFGRCTCFCFGCNCTOCFGNEQORTGUQTRCTRCFGCTGN.'&
 
'PECUQFGWPCRCTCFCFGCNCTOCFGDKFQCWPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQ
EQORTGUQT

5CNKFCGNGOGPVQ
u% 
2TF /CZ 
/GP 4GCT
( ( (

.QUKPFKECFQTGU
RCTRCFGCP.CRCPVCNNCOWGUVTCNCNGEVWTCCEVWCN
u% GNSWGGNEQORTGUQT
UGGPEWGPVTGRCTCFQ
2TF [GNCLWUVGFGRCTCFC
u% 
5KIWGUKGPFQRQUKDNGFGURNC\CTUGRQTQVTQUOGPURGLRCTCEQORTQDCTNQUXCNQTGUFGQVTQU
RCTOGVTQU
#NXQNXGTCNOGPFG &CVQUFGGUVCFQ RCTRCFGCTNCQREKP 2CTCFCU &KEJCQREKPRWGFG
UGNGEEKQPCTUGRWNUCPFQNCVGENCFGVCDWNCEKP
 RCTCXQNXGTCNCRCPVCNNCFGRCTCFCFGCTTKDC

4GCTOGFGRCTCFCFGCNCTOC
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTC&GURWUFGTGOGFKCT[
FGUCRCTGEKFCNCEQPFKEKPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RWNUGNCVGENC4GCT
( 
2WNUGNCUVGENCU /GP [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVPFGCTTCPSWG
 

4GUVCDNGEKOKGPVQFGUQDTGECTICFGNOQVQTFGNXGPVKNCFQT
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTC'NFKU[WPVQTFGNOQVQT
FGNXGPVKNCFQT
3 FGDGTGUVCDNGEGTUGOCPWCNOGPVG%QPGEVGGNXQNVCLG[RWNUGNCVGENC4GCT
( 
2WNUGNCUVGENCU /GP [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVPFGCTTCPSWG
 

'ZKUVGWPOGPUCLGFGCXKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KGZKUVGWPCXKUQFGRCTCFCFGCNCTOCGUVGPEGPFKFQGN.'&
 .CRCPVCNNCRTKPEKRCNUGECODKCTC
WPCRCPVCNNCRCTGEKFCCNCSWGUKIWG

5CNKFC%QORTGU
DCT 
2TF #XKUQ
/GP
( ( (

.QUKPFKECFQTGU
RCTRCFGCP
2WNUGNCVGENC /GP 
( [NCVGENCFGVCDWNCEKP
 RCTCUGNGEEKQPCTGNOGPFG &CVQUFGGUVCFQ 
RCTRCFGCNCQREKP 2TQVGEEKP 


/CPWCNFGKPUVTWEEKQPGU

&GURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP
 #RCTGEGWPCRCPVCNNC
RCTGEKFCCNCSWGUGOWGUVTCCDCLQ

5CNKFCGNGOGPVQ
u%
2CT /CZ 
/GP 
( ( (

.CRCPVCNNCKPFKECSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGCXKUQFG
RCTCFCFGCNCTOCRTQITCOCFQ
5KGURTGEKUQRCTGGNEQORTGUQTRQTOGFKQFGNDQVPFGRCTCFC
 [GURGTGJCUVCSWGUGRCTGGN
EQORTGUQT
&GUEQPGEVGGNXQNVCLGTGXKUG[TGCNKEGNCUQRGTCEKQPGUPGEGUCTKCU
'NOGPUCLGFGCXKUQFGUCRCTGEGTCWVQOVKECOGPVGGPEWCPVQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ

'ZKUVGWPCXKUQFGUGTXKEKQ
'N.'&GUVGPEGPFKFQ
 .CRCPVCNNCRTKPEKRCNUGECODKCTCWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG

5CNKFC%QORTGU
DCT 
5GTXPGEGUCTKQ
/GP
( ( (

.QUKPFKECFQTGU
RCTRCFGCP[CRCTGEGGNOGPUCLGFGCXKUQFGUGTXKEKQ
2WNUGNCVGENC /GP 
( [NCVGENCFGVCDWNCEKP
 RCTCUGNGEEKQPCTGNOGPFG &CVQUFGGUVCFQ 
RCTRCFGCNCQREKP 5GTXKEKQ 
&GURNEGUGCFKEJCQREKP[UGNGEEKPGNCRWNUCPFQNCVGENCFGVCDWNCEKP
 RWGFGSWGRCTRCFGGP
FQUQREKQPGU
'PVTCFCU UKUGGZEGFGGNPKXGNFGUGTXKEKQRTQITCOCFQFGWPEQORQPGPVG
RGLNCECFCFG
RTGUKPOZKOCFGNUGRCTCFQTFGCEGKVG 
2NCPGU UKUGGZEGFGGNKPVGTXCNQFGWPRNCPFGUGTXKEKQ
2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG
5KNCPQVKEKCFGUGTXKEKQUGTGHKTKC 'PVTCFCU 
UGRCTCFQTFGCEGKVG TGGORNCEGGNUGRCTCFQTEQPGEVG
GNXQNVCLGFGURNEGUGGPGNOGPFG &CVQUFGGUVCFQ C 'PVTCFCU [RWNUGNCVGENC 4GCT RCTC
TGCTOCTNCPQVKEKCFGUGTXKEKQ
5KGNCXKUQFGUGTXKEKQJCECTGHGTGPEKCC 2NCP TGCNKEGNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQURNCPGU
KPFKECFQU4GCTOGNQUVGORQTK\CFQTGUFGNQURNCPGUEQTTGURQPFKGPVGU2PICUGGPEQPVCEVQEQPGN
%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQ%QPUWNVGNCUGEEKP/GP5GTXKEKQ

'ZKUVGWPCPQVKEKCFGCXKUQ
'UVGPEGPFKFQGN.'&
 [CRCTGEGTGPNCRCPVCNNCWPOGPUCLGFGCXKUQ
.QUKPFKECFQTGU
RCTRCFGCP'NCXKUQKPFKECSWG


/CPWCNFGKPUVTWEEKQPGU

'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCNCVGORGTCVWTCFGNCIWCFGTGHTKIGTCEKPGZEGFGGNPKXGNFG
CXKUQRTQITCOCFQ
'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQTNCVGORGTCVWTCFGNRWPVQFGTQEQGZEGFGGNPKXGNFG
CXKUQ
2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG+PURGEEKQPGGNEQORTGUQT[UQNWEKQPG

 /GP#WFKVFCVC

2CPGNFGEQPVTQN

(WPEKP
5KTXGRCTCEQPQEGTNCGPGTICSWGCJQTTCGNEQORTGUQT)#85&CNEQORCTCTNQEQPWPEQORTGUQTEQP
TGIWNCEKPVQFQPCFC
.0. QEQPWPQSWGVGPICEQPVTQNFGOQFWNCEKP
/% %QPUWNVGGNHNWLQFG
OGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGCRCTG\EC #WFKV&CVC UGIWKFQFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 #RCTGEGPVTGUUWDOGPU #EVWCN8CNWGU
8CNQTGU
TGCNGU  %QORCTG6Q.0. [ %QORCTGF6Q/% #NRWNUCTNCVGENCEQPHNGEJCCDCLQ
 CRCTGEGQVTQ
UWDOGP 5GVVKPIU5GVWR
#LWUVGU%QPHKIWTCEKP 5NQGURQUKDNGCEEGFGTCNQUUWDOGPUSWG
CRCTGEGPUGIWKFQURQTWPCHNGEJCJQTK\QPVCN

5WDOGP #EVWCN8CNWGU
8CNQTGUTGCNGU
#NFGURNC\CTUGCNUWDOGP #EVWCN8CNWGU
8CNQTGUTGCNGU [RWNUCTNCVGENC
 UGOWGUVTCGNRQTEGPVCLG
FGECTICCEVWCN
EQORCTCFQEQPNCECTICOZKOC #NRWNUCTNCVGENCEQPHNGEJCCDCLQ
 UGOWGUVTCGN
EQPUWOQFGGPGTICCEVWCN

5WDOGP %QORCTGVQ.0. Q %QORCTGFVQ/%


5NQUGRWGFGCEEGFGTCNUWDOGP %QORCTGVQ.0. Q %QORCTGFVQ/% UKJC[GPOCTEJCWPRGTQFQ
FGRTWGDCQUGJCVGTOKPCFQ%QPUWNVGNQUFCVQUSWGUGOWGUVTCPCEQPVKPWCEKP
#NFGURNC\CTUGCWPQFGGUVQUUWDOGPU[RWNUCTNCVGENC
 UGOWGUVTCPNQUFCVQUUKIWKGPVGU
%CRCEKFCF HNWLQOGFKQFWTCPVGGNRGTQFQFGRTWGDC
%CRCEKFCF HNWLQOGFKQ
RQTEGPVCLG EQORCTCFQEQPNCECTICOZKOC


/CPWCNFGKPUVTWEEKQPGU

2CEMCIG2QYGT EQPUWOQOGFKQFGGPGTICFWTCPVGGNRGTQFQFGRTWGDC
'PGTI[5CXGF
#JQTTQGPGTIC RQTEGPVCLGFGGPGTICCJQTTCFCCNEQORCTCTNQEQPWPEQORTGUQTEQP
TGIWNCEKPVQFQPCFC
.0. QEQPWPQSWGVGPICEQPVTQNFGOQFWNCEKP
/%
'PGTI[5CXGF
#JQTTQGPGTIC ECPVKFCFFGGPGTIC
M9J CNEQORCTCTNQEQPWPEQORTGUQTEQP
TGIWNCEKPVQFQPCFC
.0. QEQPWPQSWGVGPICEQPVTQNFGOQFWNCEKP
/%
5CXKPIU 
#JQTTQ CJQTTQGEQPOKEQ

5WDOGP 5GVVKPIU5GVWR
#LWUVGU%QPHKIWTCEKP
2CTCKPVTQFWEKTVQFQUNQUFCVQUFGURNEGUGCNUWDOGP 5GVVKPIU5GVWR
#LWUVGU%QPHKIWTCEKP RWNUGNC
VGENC
 [CEQPVKPWCEKPKPVTQFW\ECNCFWTCEKPFGNRGTQFQFGRTWGDC
GPJQTCU NCECRCEKFCFFGNC
TGFFGCKTGNCWPKFCFOQPGVCTKC
PQGTCRQUKDNGGPEQORTGUQTGUFGRTQFWEEKPCPVGTKQTGPNQUSWGUG
WVKNK\CDCPFNCTGUGUVCFQWPKFGPUGU [GNEQUVGRQTM9J
&WTCPVGGNRGTQFQFGRTWGDCNCRCPVCNNCUKIWKGPVGOQUVTCTGNVKGORQSWGSWGFCFGNRGTQFQGPJQTCU
7PCXG\HKPCNK\CFQGNRGTQFQFGRTWGDCCRCTGEGTGNOGPUCLG 2GTKQF(KPKUJGF
2GTQFQVGTOKPCFQ 

 /GP&CVQUOGFKFQU

2CPGNFGEQPVTQN

(WPEKP
+PXQECTKPHQTOCEKPCEGTECFGNQUFCVQUOGFKFQUCEVWCNOGPVG[GNGUVCFQFGCNIWPCUGPVTCFCURGL
RTQVGEEKPFGUQDTGECTICFGNOQVQT%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG&CVQUOGFKFQUCRCTG\ECUGIWKFQFGWPCHNGEJC
JQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
#NRWNUCTNCUVGENCUFGFGURNC\COKGPVQ
 GPEQPVTCTWPPOGTQFGFCVQUCEVWCNOGPVGOGFKFQU
5KWPQFGNQUUGPUQTGUXCEQPGEVCFQCWPCHWPEKPFGRCTCFCFGCNCTOCUGTXKEKQQCXKUQGURQUKDNG
KPXQECTVCPVQGNXCNQTCEVWCNOGPVGOGFKFQEQOQGNPKXGNEQTTGURQPFKGPVGFGRCTCFCFGCNCTOCCXKUQ
QUGTXKEKQEQPVCPUNQRWNUCTNCVGENC
 


/CPWCNFGKPUVTWEEKQPGU

 /GP%QPVCFQTGU

2CPGNFGEQPVTQN

(WPEKP
2CTCKPXQECT
.CUJQTCUFGECTIC
'NPOGTQFGCTTCPSWGUFGNOQVQT
'NPOGTQFGJQTCUSWGGNTGIWNCFQT
OFWNQ JCGUVCFQDCLQVGPUKP
'NXQNWOGPCEWOWNCFQ

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
EQPUWNVGNCUGEEKP/GPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP%QPVCFQTGUXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 RCTCCEVKXCTGNOGP
#NRWNUCTNCVGENCEQPHNGEJC
 UGRWGFGPGPEQPVTCTNQUFCVQUOGPEKQPCFQUCPVGTKQTOGPVG

1DVGPGTGNXQNWOGPCEWOWNCFQ

8QNCEWOWNCFQ
O 

/GP /QF
( ( (

%QPUWNVGGNRTQEGFKOKGPVQFGUETKVQCPVGTKQTOGPVGRCTCUGNGEEKQPCT 8QNCEWOWNCFQ 
'PGNGLGORNQCPVGTKQTGNFKURNC[KPFKECSWGGNEQORTGUQTJCFKUVTKDWKFQZO
5KGUPGEGUCTKQSWGUGOQFKHKSWGGNXCNQTFGNVGORQTK\CFQTKPFKECFQEQPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

 /GP2TWGDC

2CPGNFGEQPVTQN

(WPEKP
.NGXCTCECDQWPCRTWGDCFGFKURNC[GUFGEKTEQORTQDCTUKGNFKURNC[[NQU.'&UKIWGPKPVCEVQU

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP2TWGDCXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
.CQREKP2TQDCTRCPVCNNCUGTUGIWKFCFGWPCHNGEJCJQTK\QPVCN
2CTCRTQDCTGNFKURNC[RWNUGNCVGENC
 &WTCPVGNCRTWGDCGNTGIWNCFQTIGPGTCTWPCUGTKGFG
RCVTQPGUGPGNFKURNC[SWGRGTOKVGPCNWUWCTKQEQORTQDCTSWGECFCRZGNHWPEKQPCCPFGHQTOC
PQTOCNNQU.'&UGGPEKGPFGPCNCXG\

 /GP/QFKHKECEKPFGRCTOGVTQU

(WPEKP
/QFKHKECTWPPOGTQFGCLWUVGURTQITCOCDNGU
#LWUVGUFGNEQORTGUQTOQVQT
EQPUWNVGNCUGEEKP/QFKHKECEKPFGNQUCLWUVGUFGNEQORTGUQT[OQVQT 
2CTOGVTQU
XCUGNCUGEEKP/QFKHKECTRCTOGVTQU 
2TQVGEEKQPGU
XCUGNCUGEEKP/QFKHKECTRTQVGEEKQPGU 
#LWUVGUFGRNCPGUFGUGTXKEKQ
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGRNCPGUUGTXKEKQ 
#LWUVGUFGNCHWPEKPFGTGNQL
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGNCHWPEKPFGTGNQL 
#LWUVGUFGEQPHKIWTCEKP
XCUGNCUGEEKP/QFKHKECTNQUCLWUVGUFGEQPHKIWTCEKP 


/CPWCNFGKPUVTWEEKQPGU

 /QFKHKECTNQUCLWUVGUFGNEQORTGUQTOQVQT

2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTWPPOGTQFGCLWUVGU%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
EQPUWNVGNCUGEEKP/GPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
'NRTKOGTEQORQPGPVG /QVQTEQORT CRCTGEGTUGIWKFQFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 UGOQUVTCTPGNRTKOGTEQORQPGPVG2WPVQCLWUVG[UWCLWUVG
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGGNRCTOGVTQSWGUGXCCOQFKHKECTCRCTG\ECUGIWKFQFG
WPCHNGEJCJQTK\QPVCN

/QFKHKECEKPFGNQURWPVQUFGCLWUVGFGRTGUKPFGNCTGF
5KUGFGUGCGNQRGTCFQTRWGFGRTQITCOCTFQURWPVQUFGCLWUVG
2WPVQCLWUVG[2WPVQCLWUVG 
%QPUWNVGNQURWPVQUCPVGTKQTGURCTCUGNGEEKQPCTGN2WPVQCLWUVG

2WPVQCLWUVG
DCT 

/GP /QF
( ( (

.CRCPVCNNCKPFKECSWGGNCLWUVGEQTTKGPVGGUFGDCT
G 2CTCOQFKHKECTGNCLWUVGRWNUGNCVGENC
/QF
( RCTRCFGCTGNCLWUVG
%QPC[WFCFGNCVGENC.O
( UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCTOGVTQ
%CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
 
2WNUGNCVGENC 2TQI 
( RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE 
( RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKP
'NRTQEGFKOKGPVQRCTCOQFKHKECT2WPVQCLWUVGGURCTGEKFQ


/CPWCNFGKPUVTWEEKQPGU

'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.ORCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVGNCUGEEKP#LWUVGU
RTQITCOCDNGURCTCEQPQEGTNQUCLWUVGUOUKORQTVCPVGU

 /QFKHKECEKPFGRCTOGVTQU

2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTWPPOGTQFGRCTOGVTQU%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 CRCTGEGGNRTKOGTGNGOGPVQ#TTFCOQVXGPV[GNCLWUVGFGN
OKUOQ
2CTCOQFKHKECTGUVGCLWUVGRWNUGNCVGENC /QF 
( [RCTRCFGCTGNCLWUVG%CODKGGNXCNQTEQPNC
VGENCEQPHNGEJCCDCLQQEQPHNGEJCCTTKDC
 2WNUGNCVGENC 2TQI 
( RCTCRTQITCOCTGNPWGXQ
CLWUVGQNCVGENC %CPE 
( RCTCECPEGNCTNCQRGTCEKP
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCTOGVTQUGURCTGEKFQ

#TTFCOQVXGPV
0WODGT
0OGTQ 

/GP /QF
( ( (


/CPWCNFGKPUVTWEEKQPGU

'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.ORCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVGNCUGEEKP#LWUVGU
RTQITCOCDNGURCTCEQPQEGTNQUCLWUVGUOUKORQTVCPVGU

 /QFKHKECEKPFGNQUCLWUVGUFGRTQVGEEKP

2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTCLWUVGUFGRTQVGEEKP
2CTCFCFGCNCTOC
2TF RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
#XKUQFGRCTCFCFGCNCTOC
2TFC RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
EQORTGUQT
#XKUQ
#XKU RQTGLGORNQRCTCNCVGORGTCVWTCFGNCIWCFGTGHTKIGTCEKPFGNQUEQORTGUQTGU
TGHTKIGTCFQURQTCIWC
#XKUQFGUGTXKEKQ
5GTX RQTGLGORNQNCECFCFGRTGUKPFGNUGRCTCFQTFGCEGKVG
%QORTQDCTCNIWPCUEQPFKEKQPGUFGNEQORTGUQTRGLGNGUVCFQFGNQUEQPVCEVQUFGUQDTGECTICFGNOQVQT
FGNXGPVKNCFQT
#NIWPQURCTOGVTQUPQRWGFGPOQFKHKECTUG

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
EQPUWNVGNCUGEEKP/GPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC /GP 
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP 2TQVGEEKQPGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 UGOQUVTCTPGNRTKOGTEQORQPGPVG[UWCLWUVG
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGGNEQORQPGPVGSWGUGXCCOQFKHKECTXC[CUGIWKFQFG
WPCHNGEJCJQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP
 


/CPWCNFGKPUVTWEEKQPGU

/QFKHKECTCLWUVGUFGVGORGTCVWTCFGNGNGOGPVQEQORTGUQT
%QPUWNVGNCUGEEKP2TQEGFKOKGPVQRCTCUGNGEEKQPCTGNRCTOGVTQ 5CNKFC'NGOGPVQ 'LGORNQ

5CNKFCGNGOGPVQ
u% 
5JF/CZ
2TFOZ 
/GP /QF
( ( (

.CRCPVCNNCOWGUVTCNCVGORGTCVWTCCEVWCN
u% [GNCLWUVGFGRCTCFCFGCNCTOC
u% 2CTC
OQFKHKECTGNCLWUVGRWNUGNCVGENC /QF 
( [GNCLWUVGRCTRCFGCT
%QPC[WFCFGNCVGENC.O
( UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCTOGVTQ
%CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
 
2WNUGNCVGENC 2TQI 
( RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE 
( RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKP
.CRCPVCNNCOWGUVTCWPCHNGEJCJQTK\QPVCNSWGKPFKECSWGGNXCNQTFGNCXKUQFGRCTCFCFGCNCTOCRWGFG
OQFKHKECTUG
GNRTQEGFKOKGPVQGUUKOKNCTCNCFGUETKREKPCPVGTKQT 
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQUEQORQPGPVGUGURCTGEKFQ2CTCCNIWPQUCLWUVGUGURQUKDNG
RTQITCOCTWPTGVTCUQ

'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.ORCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVG#LWUVGURTQITCOCDNGU
RCTCEQPQEGTNQUCLWUVGUOUKORQTVCPVGU

 /QFKHKECEKPFG2NCPGUFGUGTXKEKQ

2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTNQUKPVGTXCNQUFGJQTCURCTCNQUPKXGNGUFGUGTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

2NCPGUFGUGTXKEKQ
.CUQRGTCEKQPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGXCPCITWRCFCUGPRNCPGUNNCOCFQU0KXGNFGUGTXKEKQ#
$%Q&#NCNECP\CTWPKPVGTXCNQCRCTGEGTWPCPQVKEKCGPNCRCPVCNNCSWGKPFKECSW2NCPGUFGUGTXKEKQ
FGDGPTGCNK\CTUG

%QPUWNVGUKGORTGCN%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQRCTCOQFKHKECTGN
CLWUVGFGWPVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGTNQUKPFKECFQUCDCLQ[
FGDGPEQKPEKFKTNIKECOGPVG

+PVGTXCNQURTQITCOCFQUFGRNCPGUFGUGTXKEKQ

2NCPGUFGUGTXKEKQ +PVGTXCNQU
2NCPFGUGTXKEKQ# %CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ$ %CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ% %CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ& %CFCJQTCUFGHWPEKQPCOKGPVQ

'NTGIWNCFQTUGPGICTCCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNOKVGU2WNUGNCVGENC
.ORCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCTOGVTQ%QPUWNVG#LWUVGURTQITCOCDNGU
RCTCEQPQEGTNQUCLWUVGUOUKORQTVCPVGU

#EEKQPGUFGUGTXKEKQTGUWNVCPVGUSWGUGFGDGTPTGCNK\CT

#EEKQPGUFGUGTXKEKQ %QP
EQPHQTOGC
2NCPFGUGTXKEKQ#[$ JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$[% JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#[$ JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$[% JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$%[& JQTCUFGHWPEKQPCOKGPVQ
 

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC /GP 
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG2NCP5GTXKEKQXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG


/CPWCNFGKPUVTWEEKQPGU

6GORQTUGTXKEKQ
*QTCU(PEVQ
JTU 
/GP
( ( (

.CRCPVCNNCKPFKECNCUJQTCUFGHWPEKQPCOKGPVQCEVWCNGU
2WNUGNCVGENCFGVCDWNCEKP
 CRCTGEGTWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG

6GORQTUGTXKEKQ
0KXGN#
JTU 
/GP /QF
( ( (

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

 2TQITCOCT(WPEKPFGTGNQL

2CPGNFGEQPVTQN

(WPEKP
2CTCRTQITCOCT
/CPFQUETQPQNIKEQUFGCTTCPSWGRCTCFCRCTCGNEQORTGUQT
/CPFQUFGEQPOWVCEKPDCUCFQUGPTGNQLRCTCGNRWPVQFGCLWUVG

2TQITCOCTOCPFQUFGCTTCPSWGRCTCFC[RWPVQFGCLWUVG
'PGNRTGUGPVGGLGORNQGNEQORTGUQTXCRTQITCOCFQFGNCOCPGTCUKIWKGPVG


/CPWCNFGKPUVTWEEKQPGU

'NNWPGUCNCUCTTCPECEQPGNRWPVQFGCLWUVG
'NXKGTPGUCNCUEQPOWVCCNRWPVQFGCLWUVG
'NUDCFQCNCURCTC
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP(WPEKPTGNQLXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 CRCTGEGTNCRCPVCNNCUKIWKGPVG

(WPEKPTGNQL
0QCEVKXCFQ

/GP /QF $QTT
( ( (

2WNUGNCVGENCFGVCDWNCEKP
 UGOWGUVTCNCRCPVCNNCUKIWKGPVG

.WPGU
/CTVGU
/KTEQNGU
/GP /QF $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
2WNUGNCVGENC 2TQI RCTCRTQITCOCTGNOCPFQ 5VCTV%QORTGUUQT
#TTCPSWG
EQORTGUQT 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 NCHNGEJCJQTK\QPVCNKPFKECSWGUGRWGFGCEEGFGTCNCUGIWPFC
NPGC2WNUGNCVGENC /QF [OQFKHKSWGGUVCNPGCFGOCPGTCUKOKNCTCNUKIWKGPVGOCPFQ 2WPVQ
CLWUVG 
2WNUGNCVGENC/GP
( [FGURNEGUGC8KGTPGU


/CPWCNFGKPUVTWEEKQPGU

,WGXGU
8KGTPGU
5DCFQ
/GP $QTT
( ( (

5GRTQITCOCGNOCPFQRCTCEQPOWVCTCNCUCNRWPVQFGCLWUVGFGOCPGTCRCTGEKFCCNC
FGUETKVCCTTKDC
2WNUGNCVGENC /GP 
( [FGURNEGUGC 5DCFQ 5GRTQITCOCGNOCPFQFGRCTCFCCNCUFG
WPOQFQUKOKNCTCNFGUETKVQCPVGTKQTOGPVG

#EVKXCTFGUCEVKXCTGNVGORQTK\CFQT
'NVGORQTK\CFQTRWGFGCEVKXCTUGPKECOGPVGUKUGGPEWGPVTCRTQITCOCFQCNOGPQUWPOCPFQFG
CTTCPSWGRCTCFC
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 RCTCCEVKXCTGNOGP
2WNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWGNCQREKP (WPEKPTGNQL XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKPRWNUGNCVGENCFGVCDWNCEKP
 CRCTGEGTNCRCPVCNNCUKIWKGPVG

(WPEKPTGNQL
0QCEVKXCFQ

/GP /QF $QTT
( ( (

2WNUGNCVGENC/QF0QCEVKXCFQGORKG\CCRCTRCFGCT
2WNUGNCVGENCEQPHNGEJCCDCLQ
  0QCEVKXCFQ ECODKCC #EVKXCFQ 
2WNUGNCVGENC2TQI

'URTGEKUQRTQITCOCTNQUOCPFQUFGCTTCPSWGRCTCFCGPQTFGPETQPQNIKEQ*C[SWG
RTQITCOCTNQUOCPFQUFGNWPGUCFQOKPIQRGL
#TTCPSWGFGNEQORTGUQT
2WPVQCLWUVG
2WPVQCLWUVG
2CTCFCFGNEQORTGUQT
#UGITGUGSWGGUVCEVKXCFCNCHWPEKPFGNVGORQTK\CFQT
#EVKXCFC 'PECUQ
PGICVKXQPQUGEWORNKTPNQUOCPFQUFGCTTCPSWGRCTCFCRTQITCOCFQU
'URQUKDNGXQNXGTCFGUCEVKXCTGNVGORQTK\CFQT'PVCNECUQGNTGIWNCFQTPQEWORNKTNQU
OCPFQUFGCTTCPSWGRCTCFCRTQITCOCFQU
UKPGODCTIQUGEQPUGTXCTPGPNCOGOQTKC
FGNTGIWNCFQT 

/QFKHKECEKPFGWPOCPFQ
5WRQPICOQUSWGFGDGOQFKHKECTUGGNOCPFQFGRCTCTGNEQORTGUQTGNUDCFQCNCURGLRCTC
RCTCTCNCUGPXG\FGCNCU


/CPWCNFGKPUVTWEEKQPGU

'ORG\CPFQGPNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC/GP
( RWNUGNCVGENCEQPHNGEJCCDCLQ
 
JCUVCSWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP(WPEKPTGNQLXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKPUGOWGUVTCNCRCPVCNNCUKIWKGPVG

(WPEKPTGNQL
0QCEVKXCFQ

/GP /QF $QTT
( ( (

2WNUGNCVGENCFGVCDWNCEKP
 UGOWGUVTCNCRCPVCNNCUKIWKGPVG

.WPGU
/CTVGU
/KTEQNGU
/GP $QTT
( ( (

&GURNEGUGRQTGNFKURNC[JCUVCSWG 5DCFQ XC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG


VCDWNCEKP
 5KGUPGEGUCTKQFGURNEGUGRQTNQUOCPFQUJCUVCSWGCRCTG\ECGNOCPFQSWGUGXCC
OQFKHKECTUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENC/QFGORKG\CPCRCTRCFGCTNQUFQU
RTKOGTQUFIKVQUFGNOCPFQ/QFKHKSWGEQOQNQPGEGUKVGOGFKCPVGNCUVGENCUFGFGURNC\COKGPVQGU
FGEKTECODKGCEQPNCVGENCEQPHNGEJCCTTKDC
 
5KGURTGEKUQRWNUGNCVGENCFGVCDWNCEKP
 RCTCRCUCTCNECORQUKIWKGPVGSWGFGDGOQFKHKECTUGNC
KPFKECEKPFGNQUOKPWVQU[NCFGCTTCPSWGRCTCFCRWPVQFGCLWUVG
2WNUGNCVGENC2TQIRCTCRTQITCOCTGNPWGXQOCPFQQNCVGENC%CPERCTCUCNKTUKPTGRTQITCOCT

#CFKTWPOCPFQCNHKPCNFGWPCNKUVCGZKUVGPVG
'ORG\CPFQGPNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC/GP
( RWNUGNCVGENCEQPHNGEJCCDCLQJCUVC
SWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP(WPEKPTGNQLXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKPUGOWGUVTCNCRCPVCNNCUKIWKGPVG

(WPEKPTGNQL
0QCEVKXCFQ

/GP /QF $QTT
( ( (

5WRQPICOQUSWGFGDGCCFKTUGCNCNKUVCFGNNWPGUGNOCPFQFGRCTCTGNEQORTGUQTCNCU
2WNUGNCVGENCFGVCDWNCEKP
 UGOWGUVTCNCRCPVCNNCUKIWKGPVG


/CPWCNFGKPUVTWEEKQPGU

.WPGU
/CTVGU
/KTEQNGU
/GP $QTT
( ( (

&GURNEGUGRQTGNFKURNC[JCUVCSWG.WPGUXC[CUGIWKFQFGWPCHNGEJCJQTK\QPVCN2WNUGNCVGENCFG
VCDWNCEKP
 &GURNEGUGRQTNQUOCPFQUFGCTTCPSWGRCTCFCRWPVQFGCLWUVGFGNEQORTGUQTJCUVC
SWGNCRTKOGTCNPGCFGOCPFQUXCECUGGPEWGPVTGKPFKECFCRQTNCHNGEJCJQTK\QPVCN
2WNUGNCVGENC/QFNQUFQURTKOGTQUFIKVQUGORKG\CPCRCTRCFGCT+PVTQFW\EC 2CTCFCFGN
EQORTGUQT EQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
 RCTCOQFKHKECTWPECORQ[NCVGENCFG
VCDWNCEKP
 RCTCFGURNC\CTUGFGWPECORQCQVTQ
2WNUGNCVGENC2TQIRCTCRTQITCOCTGNPWGXQOCPFQQNCVGENC%CPERCTCUCNKTUKPTGRTQITCOCT

#CFKTWPOCPFQGPVTGFQUOCPFQUGZKUVGPVGU
5WRQPICOQUSWGGNOCPFQ 2WPVQCLWUVG FGDGCCFKTUGCNCNKUVCUKIWKGPVG
#TTCPECTEQORTGUQT
2WPVQCLWUVG
2CTCTEQORTGUQT
'NTGIWNCFQTUGPKGICCCEGRVCTWPPWGXQOCPFQSWGUGUKVCCPVGUFGNNVKOQOCPFQFGNCNKUVC
&GURNEGUGRQTGNFKURNC[JCUVCSWGGNOCPFQCPVGUFGNEWCNFGDGKPVTQFWEKTUGGNPWGXQOCPFQXC[C
UGIWKFQFGWPCHNGEJCJQTK\QPVCN
GPGNGLGORNQFGCTTKDC 5VQR%QORTGUUQT
2CTCFC
EQORTGUQT [RWNUGNCVGENC /QF 
%CODKGFKEJQOCPFQCNPWGXQOCPFQ
GPGNGLGORNQFGCTTKDC 2WPVQCLWUVG 
2WNUGNCVGENCEQPHNGEJCCDCLQ[CCFCGNNVKOQEQOCPFQFGNCNKUVC
GPGNGLGORNQUWRGTKQT 
2CTCTEQORTGUQT [CEQPVKPWCEKPRWNUGNCVGENC 2TQI 

$QTTCTWPOCPFQ
'ORG\CPFQGPNC2CPVCNNCRTKPEKRCNRWNUGNCVGENC/GP
( RWNUGNCVGENCEQPHNGEJCCDCLQJCUVC
SWGNCQREKP/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCUVGENCUFGFGURNC\COKGPVQ
 JCUVCSWGNCQREKP(WPEKPTGNQLXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN2WNUGNCVGENCFGVCDWNCEKPUGOWGUVTCNCRCPVCNNCUKIWKGPVG

(WPEKPTGNQL
0QCEVKXCFQ

/GP /QF $QTT
( ( (

$QTTCTVQFQUNQUOCPFQU
2WNUGNCVGENC $QTT GPNCRCPVCNNCFGCTTKDC#RCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKP
FGDQTTCT
$QTTCTVQFQUNQUOCPFQUFGWPFCGURGEHKEQ


/CPWCNFGKPUVTWEEKQPGU

&GURNEGUGRQTGNFKURNC[JCUVCSWGGNFCSWGNGKPVGTGUGCRCTG\ECUGIWKFQFGWPCHNGEJCJQTK\QPVCN
2WNUGNCVGENC$QTT[CRCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKPFGDQTTCT
$QTTCTWPOCPFQGURGEHKEQ
&GURNEGUGRQTNCRCPVCNNCJCUVCSWGNCNPGCFGOCPFQSWGSWKGTCUWRTKOKTXC[CUGIWKFCFGWPC
HNGEJCJQTK\QPVCN2WNUGNCVGENC$QTT[CRCTGEGTWPCRTGIWPVCRCTCSWGEQPHKTOGNCQRGTCEKPFG
DQTTCT

 /QFKHKECEKPFGCLWUVGUFGEQPHKIWTCEKP

2CPGNFGEQPVTQN

(WPEKP
/QFKHKECTWPPOGTQFGRCTOGVTQU%QPUWNVGGNHNWLQFGOGPUGPNCUGEEKP2TQITCOCUFGEQPVTQN

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJCEKCNC
FGTGEJC
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG%QPHKIWTCEKPXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 CRCTGEGTGNRTKOGTEQORQPGPVG*QTC5KUG
FGUGCQVTCQREKPFGURNEGUGRQTGNFKURNC[JCUVCSWGNCQREKPXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN5GNGEEKQPGNCQREKPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2CTCNCQREKP *QTC NCUGIWPFCNPGCGPNCRCPVCNNCKPFKECGNCLWUVGCEVWCNRGL  2CTC
OQFKHKECTGUVGCLWUVGRWNUGNCVGENC /QF 
( [RCTRCFGCTGNRTKOGTECORQ  
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
 RCTCECODKCTGNCLWUVG[FGURWURWNUGNCVGENCFGVCDWNCEKP

 RCTCKTCNECORQUKIWKGPVG  #JQTCUGRWGFGOQFKHKECTGNCLWUVGFGFKEJQECORQEQPC[WFCFG
NCUVGENCUFGFGURNC\COKGPVQ
 
2WNUGNCVGENC2TQI
( RCTCRTQITCOCTGNXCNQTPWGXQQNCVGENC%CPE
( RCTCECPEGNCTNC
QRGTCEKPFGOQFKHKECEKP
UGEQPUGTXCTGNXCNQTQTKIKPCN 
'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCTOGVTQUGURCTGEKFQ


/CPWCNFGKPUVTWEEKQPGU

 2TQITCOCTOQFQUFGEQPVTQNFGNEQORTGUQT

2CPGNFGEQPVTQN

/QFQUFGEQPVTQNFGNEQORTGUQT
'NEQORTGUQTRWGFGKTEQPVTQNCFQNQECNOGPVGCFKUVCPEKCQCVTCXUFGNCTGFFGTGCNQECN
.#0 

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG/QFKHKERCTOGVXC[CUGIWKFCFGWPCHNGEJCJCEKCNC
FGTGEJC
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG%QPHKIWTCEKPXC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 CRCTGEGTGNRTKOGTEQORQPGPVG*QTC
&GURNEGUGRQTGNFKURNC[EQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
 JCUVCSWGNCQREKP%%/
XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN[UGNGEEKPGNCEQPNCVGENCFGVCDWNCEKP
 #RCTGEGTNC
RCPVCNNCUKIWKGPVG

%%/
%QPVTQN.QECN

/GP /QF
( ( (

2WNUGNCVGENC/QF[UGNGEEKQPGGNOQFQFGEQPVTQNFGUGCFQEQPC[WFCFGNCUVGENCUFG
FGURNC\COKGPVQ
 2WNUGNCVGENC2TQIRCTCRTQITCOCTQNCVGENC%CPERCTCECPEGNCTNC
OQFKHKECEKP


/CPWCNFGKPUVTWEEKQPGU

 /GP5GTXKEKQ

2CPGNFGEQPVTQN

(WPEKP
4GCTOCTNQURNCPGUFGUGTXKEKQEQPENWKFQU
%QORTQDCTNQURNCPGUFGUGTXKEKQRQTTGCNK\CT
$WUECTNQURNCPGUFGUGTXKEKQTGCNK\CFQUEQPCPVGTKQTKFCF

2NCPGUFGUGTXKEKQ
#NIWPCUQRGTCEKQPGUFGUGTXKEKQGUVPCITWRCFCU
[TGEKDGPGNPQODTGFG0KXGN#0KXGN$GVE %CFC
PKXGNCDCTECWPPOGTQFGQRGTCEKQPGUFGUGTXKEKQSWGFGDGPNNGXCTUGCECDQCNQUKPVGTXCNQUFGVKGORQ
RTQITCOCFQUGPGNTGIWNCFQT'NGMVTQPKMQP
%WCPFQUGCNECPEGGNKPVGTXCNQFGNRNCPFGUGTXKEKQUGOQUVTCTWPOGPUCLGGPNCRCPVCNNCEQPUWNVGNC
UGEEKP/GP&CVQUFGGUVCFQ&GURWUFGTGCNK\CTNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQUPKXGNGU
KPFKECFQUGUPGEGUCTKQTGCTOCTNQUVGORQTK\CFQTGU

'LGORNQ

2NCPGUFGUGTXKEKQ +PVGTXCNQU
2NCPFGUGTXKEKQ# %CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ$ %CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ% %CFCJQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ& %CFCJQTCUFGHWPEKQPCOKGPVQ

#EEKQPGUFGUGTXKEKQEQPHQTOGC %QP
2NCPFGUGTXKEKQ#[$ JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$[% JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#[$ JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$[% JQTCUFGHWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ#$%[& JQTCUFGHWPEKQPCOKGPVQ
 

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
XCUGGNOGPFG2CPVCNNCRTKPEKRCN 


/CPWCNFGKPUVTWEEKQPGU

2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWGNCQREKP 5GTXKEKQ XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
#EVKXGGNOGPRWNUCPFQNCVGENCFGVCDWNCEKP
 
#RCTGEGWPCRCPVCNNCRCTGEKFCCNCSWGUGOWGUVTCCDCLQ

6GORQTUGTXKEKQ
*QTCU(PEVQ
JTU 
/GP
( ( (

.CRCPVCNNCOWGUVTCGNVKGORQFGHWPEKQPCOKGPVQVQVCNFGNEQORTGUQTJTU
2WNUGNCVGENCFGVCDWNCEKP
 UGOWGUVTCNCRCPVCNNCUKIWKGPVG

5KIWKGVGORQTK\
0KXGN #$%
JTU 
#VT 4GCT
( ( (

.CRCPVCNNCOWGUVTCSWGNQUUKIWKGPVGURNCPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGUQPNQURNCPGU#$[%
[SWGFGDGPTGCNK\CTUGECFCJQTCUFGHWPEKQPCOKGPVQ
2WNUGNCVGENCEQPHNGEJCCDCLQ
 RCTCEQPQEGTSWRNCPGUFGUGTXKEKQUGTGCNK\CTQPCPVGTKQTOGPVG
CRCTGEGTNCRCPVCNNCUKIWKGPVG

6GORQTCPVGTKQT
0KXGN #$
JTU 

( ( (

.CRCPVCNNCOWGUVTCSWGNQURNCPGUFGUGTXKEKQ#[$UGTGCNK\CTQPCNCUJQTCUFG
HWPEKQPCOKGPVQ
2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQTGNCEKQPCFQUEQPNQU
RNCPGU#$[%
%QPUWNVGNCUGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
%QPGEVGNCCNKOGPVCEKP[FGURNEGUGCNCRCPVCNNCFGUGTXKEKQ 5KIWKGVGORQTK\ 
2WNUGGNDQVP 4GCT
( %QPHKTOGNCRTGIWPVCFGTGCTOCT

'NDQVP 4GCT UNQCRCTGEGEWCPFQUGJC[CCNECP\CFQECUKGNPKXGN 5KIWKGVGORQTK\ 

&GURWUFGRWNUCTNCVGENCEQPHNGEJCCDCLQGPNCRCPVCNNC 6GORQTUGTXKEKQ UG


OWGUVTCPNCUJQTCUFG 8KFCVKN GUFGEKTGNPOGTQFGJQTCURCUCFCUFGUFGNC
RTQITCOCEKPKPKEKCNGPNCHDTKEC'NVGORQTK\CFQTPQUGVQOCGPEWGPVC


/CPWCNFGKPUVTWEEKQPGU

 /GP&CVQUIWCTFCFQU

2CPGNFGEQPVTQN

(WPEKP
+PXQECTCNIWPQUFCVQUFGNEQORTGUQTIWCTFCFQURQTGNTGIWNCFQT'UVQUFCVQUUQP
&CVQUFGNVKOCRCTCFCFGCNCTOC
&CVQUFGNVKOCRCTCFCFGGOGTIGPEKC

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
2WNUGNCVGENC/GP
( 
2WNUGNCVGENCEQPHNGEJCCDCLQ
 JCUVCSWG&CVQUIWCTFCFQUXC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
2WNUGNCVGENCFGVCDWNCEKP
 RCTCCEVKXCTGNOGP
5GOWGUVTCNCNKUVCFGNCUNVKOCURCTCFCUFGCNCTOC[GOGTIGPEKC
&GURNEGUGRQTNQUEQORQPGPVGU[UGNGEEKQPGGNEQORQPGPVGFGUGCFQFGRCTCFCFGCNCTOCQ
GOGTIGPEKC
2WNUGNCVGENCFGVCDWNCEKP
 RCTCGPEQPVTCTNCHGEJCNCJQTC[QVTQUFCVQUSWGTGHNGLCPGNGUVCFQ
FGNEQORTGUQTFWTCPVGNCNVKOCRCTCFCFGCNCTOC

 #LWUVGURTQITCOCDNGU

%QORTGUQTOQVQT

#LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
2WPVQFGCLWUVG
)#85&9QTMRNCEG DCT
G   
)#85&9QTMRNCEG RUKI   
)#85&(WNN(GCVWTG DCT
G   
)#85&(WNN(GCVWTG RUKI   
0KXGNFGRCTCFCKPFKTGEVC DCT   


/CPWCNFGKPUVTWEEKQPGU

#LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
0KXGNFGRCTCFCKPFKTGEVC RUK   
0KXGNFGRCTCFCFKTGEVC DCT   
0KXGNFGRCTCFCFKTGEVC RUK   
$CPFCRTQRQTEKQPCN    
6KGORQFGKPVGITCEKP UGI   

8GNQEKFCFOPKOCFGNOQVQT
7PKFCFGUFG8[8 TRO   
7PKFCFGUFG8[8 TRO   
7PKFCFGUFG88[8 TRO   
4GFWEEKPOZKOCFG42/    

8GNQEKFCFFGOQVQTOZKOC 2WPVQFGCLWUVGFG 2WPVQFGCLWUVGFG


RTGUKPDCT RTGUKPDCT
7PKFCFGUFG8[8 TRO  
7PKFCFGUFG8 TRO  
7PKFCFGUFG8 TRO  
7PKFCFGUFG88[8 TRO  

2CTOGVTQU

#LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
6KGORQFGRCTCFCOPKOQ
)#85& UGI   
)#85& UGI   
6KGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC UGI   
4GVTCUQFGTGCTTCPSWG UGI   
6KGORQNOKVGFGEQOWPKECEKP UGI   

'PEQORTGUQTGUTGHTKIGTCFQURQTCIWC
VCODKP
#TTCPSWGUFGNOQVQTFGNXGPVKNCFQTRQT   
FC


/CPWCNFGKPUVTWEEKQPGU

2TQVGEEKQPGU

#LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%   
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(   
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%   
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(   
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC

#LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG DCT   
RTGUKP
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG RUK   
RTGUKP
5GRCTCFQTFGCEGKVG
TGVTCUQCUGCN UGI   

2CTCEQORTGUQTGU(WNN(GCVWTGVCODKP #LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
6GORGTCVWTCFGCXKUQFGRWPVQFGTQEQ u%  
6GORGTCVWTCFGCXKUQFGRWPVQFGTQEQ u(  
4GVTCUQCNCUGCN UGI   
4GVTCUQCNCTTCPSWG UGI   

2CTCEQORTGUQTGUTGHTKIGTCFQURQTCIWC #LWUVG #LWUVGFG #LWUVG


VCODKP OPKOQ HDTKEC OZKOQ
6GORGTCVWTCFGGPVTCFCFGNCIWCFG u%   
TGHTKIGTCEKP
PKXGNFGCXKUQ
6GORGTCVWTCFGGPVTCFCFGNCIWCFG u(   
TGHTKIGTCEKP
PKXGNFGCXKUQ
6GORGTCVWTCFGUCNKFCFGNCIWCFG u%   
TGHTKIGTCEKP
PKXGNFGCXKUQ
6GORGTCVWTCFGUCNKFCFGNCIWCFG u(   
TGHTKIGTCEKP
PKXGNFGCXKUQ
4GVTCUQCNCUGCNFGCXKUQ UGI   
4GVTCUQGPGNCTTCPSWG UGI   

2NCPFGUGTXKEKQ
%QPUWNVGVCODKPNCUGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ


/CPWCNFGKPUVTWEEKQPGU

%QPUWNVGC#VNCU%QREQUKJC[SWGECODKCTWPCLWUVGFGVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGT
NQUKPVGTXCNQUPQOKPCNGU[FGDGPEQKPEKFKTNIKECOGPVG%QPUWNVGNCUGEEKP/QFKHKECEKPFG2NCPGUFG
UGTXKEKQ

#LWUVG #LWUVGFG #LWUVG


OPKOQ HDTKEC OZKOQ
2NCPFGUGTXKEKQ#
JQTCUFG
HWPEKQPCOKGPVQ
'PEQORTGUQTGUEQP(QQF)TCFG(NWKF J 

JQTCUFGHWPEKQPCOKGPVQ
'PEQORTGUQTGUEQP4QVQ+PLGEV(NWKF J 

JQTCUFGHWPEKQPCOKGPVQ
'PEQORTGUQTGUEQP*&4QVQ(NWKF2NWU J 
2NCPFGUGTXKEKQ$
JQTCUFG J 
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ%
JQTCUFG J 
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ&
JQTCUFG J 
HWPEKQPCOKGPVQ

6GTOKPQNQIC

6TOKPQ +PVGTRTGVCEKP

#4#8( 4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG%QPUWNVGNCUGEEKP
4GIWNCFQT'NGMVTQPKMQP++
6GORGTCVWTCFG 'NTGIWNCFQTUGPGICTCCEGRVCTCLWUVGUKNIKEQURGLUKGNPKXGNFGCXKUQGUV
UCNKFCFGN RTQITCOCFQCu%
u( GNNOKVGOPKOQFGNPKXGNFGRCTCFCUGECODKCTC
GNGOGPVQ u%
u( .CFKHGTGPEKCTGEQOGPFCFCGPVTGGNPKXGNFGCXKUQ[GNPKXGNFGRCTCFC
EQORTGUQT GUFGu%
u( 
'NCLWUVGOPKOQTGEQOGPFCFQGUu%
u( 2CTCRTQDCTGNUGPUQTFG
VGORGTCVWTCGURQUKDNGFKUOKPWKTGNCLWUVGCu%
u( 4GUVCDNG\ECGNXCNQTFG
CLWUVGFGURWUFGNCRTWGDC
4GVTCUQCNC 2GTQFQFWTCPVGGNSWGUGFCNCUGCNFGCXKUQCPVGUFGSWGCRCTG\ECGNOGPUCLG
UGCN EQTTGURQPFKGPVG


/CPWCNFGKPUVTWEEKQPGU

6TOKPQ +PVGTRTGVCEKP
4GVTCUQGPGN 2GTQFQRQUVGTKQTCNCTTCPSWGSWGFGDGVTCPUEWTTKTCPVGUFGIGPGTCTUGWPCXKUQ'UVG
CTTCPSWG CLWUVGFGDGUGTKPHGTKQTCNCLWUVGRCTCGNTGVTCUQCNCUGCN
6KGORQFG 7PCXG\RCTCFQCWVQOVKECOGPVGGNEQORTGUQTSWGFCTRCTCFQRQTGNVKGORQ
RCTCFCOPKOQ OPKOQFGRCTCFC
UGIWPFQUCRTQZKOCFCOGPVG RCUGNQSWGRCUGEQPNCRTGUKP
FGNCTGFFGCKTG%QPUWNVGC#VNCU%QREQUKTGSWKGTGWPCLWUVGKPHGTKQTC
UGIWPFQU
5GRCTCFQTFG 7VKNKEGPKECOGPVGUGRCTCFQTGUFGCEGKVGFG#VNCU%QREQ.COZKOCFKHGTGPEKCFG
CEGKVG RTGUKPTGEQOGPFCFCGUFGDCT
RUK 
6KGORQFG 'UGNRGTQFQFWTCPVGGNEWCNFGDGTGUVCDNGEGTUGGNXQNVCLGRCTCXQNXGTCCTTCPECT
TGUVCDNGEKOKGPVQ CWVQOVKECOGPVG4GUWNVCRQUKDNGUKGNTGCTTCPSWGCWVQOVKEQGUVCEVKXCFQ
FGRQVGPEKC %QPUWNVGNCUGEEKP4GIWNCFQT'NGMVTQPKMQP++2CTCCEVKXCTNCHWPEKPFGTGCTTCPSWG
CWVQOVKEQEQPUWNVGC#VNCU%QREQ
$CPFC .QUCLWUVGURCTCNC$CPFCRTQRQTEKQPCN[GN6KGORQFGKPVGITCEKPUGFGVGTOKPCPRQT
RTQRQTEKQPCN[ NCGZRGTKGPEKC#NOQFKHKECTGUVQUCLWUVGUUGRWGFGFCCTGNEQORTGUQT%QPUWNVGC
6KGORQFG #VNCU%QREQ
KPVGITCEKP


/CPWCNFGKPUVTWEEKQPGU

 5GRCTCFQTFGCEGKVGEQPFGPUCFQ15&

 7PKFCF15&

5GRCTCFQTGUFGCEGKVGEQPFGPUCFQ
'NCKTGEQORTKOKFQSWGUCNGFGNQUEQORTGUQTGUKP[GEVCFQUFGCEGKVGEQPVKGPGCEGKVG&WTCPVGNC
TGHTKIGTCEKPFGGUVGCKTGUGHQTOCEQPFGPUCFQSWGEQPVKGPGCEGKVG.QU15%GUVPFKUGCFQURCTC
UGRCTCTNCOC[QTRCTVGFGGUVGCEGKVGFGNEQPFGPUCFQ[TGEQIGTNQGPWPEQNGEVQT'NEQPFGPUCFQEWORNG
VQFQUNQUTGSWKUKVQUFGNCNGIKUNCEKPOGFKQCODKGPVCN
5GRWGFGWVKNK\CTWP15&FG)# C)#[FG)#85&C)#85&

8KUVCIGPGTCNFG15&GLGORNQVRKEQ

4GHGTGPEKC &GUKIPCEKP
 4GEKRKGPVG
 /CPOGVTQHKNVTQ
 (KNVTQFGCEGKVG
 %QNGEVQTFGCEGKVG
 'PVTCFCFGEQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKP
 &RFGHKNVTQ
 5CNKFCFGEQPFGPUCFQNKORKQ
 5CNKFCFGCEGKVG
 %WDKGTVC
 2TGHKNVTQ

(WPEKQPCOKGPVQFG15&
'NEQPFGPUCFQSWGEQPVKGPGIQVCUFGCEGKVGHNW[GCVTCXUFGWPRTGHKNVTQ
 JCEKCGNEQNCFQT
 'N
EQPFGPUCFQHNW[GCVTCXUFGNHKNVTQ
 GPGNSWGNCUIQVCUUGWPGPHQTOCPFQIQVCUOC[QTGU'UVGCEGKVG
UGEQPFWEGCNTGEKRKGPVGFGCIWC
 FQPFGHNQVCCECWUCFGNCFKHGTGPEKCFGOCUCGURGEHKEC'N
TGEKRKGPVGGUVFQVCFQFGFQUUCNKFCUKPFGRGPFKGPVGUWPCRCTCEQPFGPUCFQ
 SWGUGFKTKIGCNGZVGTKQT
FGNCECTTQEGTC[QVTCRCTCGNCEGKVGUGRCTCFQ
 SWGSWGFCCVTCRCFQGPGNEQNGEVQT
 

 +PUVCNCEKP

7DKECEKPFG15&

&G)# C)#)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

2WPVQUFGFTGPCLGFGEQPFGPUCFQ

&G)# C)#9QTMRNCEG[FG)#85&C)#85&9QTMRNCEG

&G)# C)#(WNN(GCVWTG[FG)#85&C)#85&(WNN(GCVWTG

2TQEGFKOKGPVQ
 2CTGGNEQORTGUQT[EKGTTGNCXNXWNCFGUCNKFCFGCKTG&GURTGUWTKEGGNUKUVGOCFGUCNKFCFGCKTG
RWNUCPFQGNDQVPFGRTWGDCSWGUGGPEWGPVTCUQDTGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFG
CIWC&GUEQPGEVGGNXQNVCLG
+PUVCNGWPCWPKFCF15&RCTCEQORTGUQTGU9QTMRNCEG
+PUVCNGFQUWPKFCFGU15&RCTCEQORTGUQTGU(WNN(GCVWTG
%QPUWNVGNCUGEEKP5KUVGOCFGEQPFGPUCFQRCTCEQPQEGTNCWDKECEKPFGNQURWPVQUFGFTGPCLG[FG
NQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWC
 #HNQLGGNVWDQFGFTGPCLGFGEQPFGPUCFQFGNEQNGEVQTFGNEQORTGUQTFGUFGUWCEQRNCOKGPVQ
&C 
#EQPVKPWCEKPCHNQLGGNVWDQFGFTGPCLGFGEQPFGPUCFQFGNEQNGEVQTFGEQPFGPUCFQFGNUGECFQT
FGUFGUWCEQRNCOKGPVQ
&C 
 %QNQSWGGNMKVUGRCTCFQTEQOQUGOWGUVTC[HLGNQEQPRGTPQU
 
 (KLGGNUQRQTVG
 EQPRGTPQU
 
 %QPGEVGGNVWDQFGFTGPCLGUWGNVQFGUFGGNRWPVQFGFTGPCLGFGEQPFGPUCFQ
&C JCUVCNCEQPGZKP
FGNRTGHKNVTQ
 
%QPGEVGGNVWDQFGFTGPCLGUWGNVQFGUFGGNRWPVQFGFTGPCLGFGEQPFGPUCFQ
&C JCUVCNCEQPGZKP
FGNRTGHKNVTQ
 
 'ZVTCKICGNCEQRNCFQT
&C GKPUVCNGNQUCEQRNCOKGPVQUUWOKPKUVTCFQUEQPGNMKVUGRCTCFQT
%QPGEVGGNVWDQFGCIWC
 CNNCFQRQUVGTKQTFGNCEQRNCOKGPVQ
&E &KTKLCGNVWDQHNGZKDNGFGUCNKFC
FGEQPFGPUCFQFGUFGGNCEQRNCOKGPVQ
&E JCEKCGNUKUVGOCFGFTGPCLGFGEQPFGPUCFQ
2CTCNQUEQORTGUQTGU9QTMRNCEG(WNN(GCVWTGTGRKVCGUVCCEEKPOGFKCPVGNCGZVTCEEKPFGN
CEQRNCFQT
&C [NCKPUVCNCEKP[EQPGZKPFGWPCEQRNCFQT
&E FGNUGIWPFQ15&
 'ZVTCKICNCVCRC
 [TGNNGPGGNTGEKRKGPVG
 EQPCIWCJCUVCSWGUVCHNW[CCVTCXUFGNCUCNKFCFG
CIWCFGN15&
 8WGNXCCKPUVCNCTNCVCRC


/CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGUFGHWPEKQPCOKGPVQ[OCPVGPKOKGPVQ

2TGECWEKQPGUFGUGIWTKFCF

#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKPFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
2CTGGNEQORTGUQT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[RWNUGGNDQVPFGRTWGDCSWGUGGPEWGPVTC
UQDTGGNFKURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWCJCUVCSWGGNUKUVGOCFGCKTG
SWGUGGPEWGPVTCGPVTGGNTGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUV
EQORNGVCOGPVGFGURTGUWTK\CFQ
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
&GUEQPGEVGGNXQNVCLG
&GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

+PVGTKQTFG15&

#PVGUFGCTTCPECTEQORTWGDGSWGGNTGEKRKGPVG
 GUVNNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
 JCUVCSWGHNW[CCVTCXUFGNVWDQ
 8WGNXCCKPUVCNCTNCVCRC
&WTCPVGGNHWPEKQPCOKGPVQFGNEQORTGUQTUGCEWOWNCWPCECRCFGCEGKVGUQDTGGNPKXGNFGNCIWCFGN
TGEKRKGPVG
 'PHWPEKPFGNCECRCEKFCFFGNEQORTGUQT[FGUWEKENQQRGTCVKXQNCJWOGFCFFGNCKTG
FGGPVTCFC[GNEQPVGPKFQFGCEGKVGFGNCKTGEQORTKOKFQRWGFGPRCUCTXCTKCUUGOCPCUQOGUGUCPVGU
FGSWGUGRWGFCQDUGTXCTWPPKXGNFGCEGKVGGPGNEQNGEVQT
 
2GTKFKECOGPVGEQORTWGDGSWGGNTGEKRKGPVG
 GUVNNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
 JCUVCSWGHNW[CCVTCXUFGNVWDQ
 /CPVGPICNCVCRCKPUVCNCFC

2WPVQUFGFTGPCLGFGEQPFGPUCFQ

&G)# C)#9QTMRNCEG)#85&[)#85&9QTMRNCEG


/CPWCNFGKPUVTWEEKQPGU

&G)# C)#(WNN(GCVWTG)#85&[)#85&(WNN(GCVWTG

+PUVTWEEKQPGUFGOCPVGPKOKGPVQ
%QPUWNVGNCUGEEKP7PKFCF15&RCTCEQPQEGTNCUTGHGTGPEKCU

+PVGTXCNQ *QTCUFG 1RGTCEKP


HWPEKQPCOKGPVQ
5GOCPCN  %QORTWGDGGNOCPOGVTQ
 5KNCRTGUKPCNECP\CDCT
G 

RUKI QECFCJQTCUFGHWPEKQPCOKGPVQTGGORNCEGGNHKNVTQ

 [FGUCVQTPNNGNQ.NGPGGNPWGXQHKNVTQEQPCIWCCEGKVG
NKIGTCOGPVGNCLWPVCCVQTPNNGNQ[CRTKGVGCOCPQ
OGFKCXWGNVC
CRTQZKOCFCOGPVG %QORTWGDGGNEQNCFQT
 [UKGUPGEGUCTKQ
NORKGNQ
/GPUWCNOGPVG  %QORTWGDGGNPKXGNFGNCEGKVGGPGNEQNGEVQT
 5KUGJCNNCECUK
NNGPQFGUEQPGEVGGNVWDQFGCEGKVG
 [GPVTGIWGGNCEGKVGCN
UGTXKEKQNQECNFGTGEQIKFCFGCEGKVG8WGNXCCKPUVCNCTWPEQNGEVQT
XCEQ
%QORTWGDGGNRTGHKNVTQ
 NORKGNQUKGUPGEGUCTKQ

 2KEVQITCOCU

2KEVQITCOCUOQUVTCFQUGP15&

4GHGTGPEKC &GUETKREKP
 #EGKVG
 5CNKFCFGCEGKVG
 5CNKFCFGEQPFGPUCFQ
 2TGUKP


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUETKREKP
 'PVTCFC
 2WPVQFGUGTXKEKQ
 2TGUKPFGGPVTCFCFGNUGRCTCFQT
 .WDTKSWGNCLWPVCCVQTPKNNGGNHKNVTQ[CRTKGVGCOCPQ
CRTQZKOCFCOGPVGOGFKCXWGNVC
 %QPUWNVGGNHQNNGVQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTTGRCTCEKQPGUQOCPVGPKOKGPVQ


/CPWCNFGKPUVTWEEKQPGU

 +PUVCNCEKP

 &KDWLQUFGFKOGPUKQPGU

/QFGNQU)#85&[)#85&

/QFGNQU)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

%GPVTQFGITCXGFCF

7PKFC %QP %QP %QP 5KP 5KP 5KP


F UGECFQT UGECFQT UGECFQT UGECFQT UGECFQT UGECFQT
6KRQ . $ * . $ *
/QFGNQU)# OO      
85&[)#
85&
/QFGNQU)# RWNICF      
85&[)# CU
85&

&KOGPUKQPGUGPOO OO
RWNICFCU
2GUQ

%GPVTQFGITCXGFCF 7PKFCF 2GUQ 2GUQ


6KRQ %QPUGECFQT 5KPUGECFQT
)#85& MI  
)#85& ND  
)#85& MI  
)#85& ND  

2GUQUGPMI
CEGKVGKPENWKFQ  MI
NKDTCU

4GHGTGPEKC &GUKIPCEKP
 2CUQFGECDNGGNEVTKEQ
 5CNKFCFGCIWCFGTGHTKIGTCEKP
 'PVTCFCFGCIWCFGTGHTKIGTCEKP
 5CNKFCFGCKTGFGTGHTKIGTCEKPFGNEQORTGUQT
 5CNKFCFGCKTGFGTGHTKIGTCEKPFGNUGECFQT
 5CNKFCFGCKTGEQORTKOKFQ
 'PVTCFCFGCKTGFGTGHTKIGTCEKP
 5CNKFCFGTGEWRGTCEKPFGGPGTIC
 'PVTCFCFGTGEWRGTCEKPFGGPGTIC
 #KTGEQORTKOKFQUCNKFCFGFGTKXCEKPFGNUGECFQT
 &TGPCLGCWVQOVKEQUGECFQT
GPWPKFCFGU9QTMRNCEG(WNN(GCVWTG
 5CNKFCFGFTGPCLGCWVQOVKEQTGHTKIGTCFQTRQUVGTKQT
 &TGPCLGWPKFCF15&
QREKQPCN


/CPWCNFGKPUVTWEEKQPGU

 2TQRWGUVCFGKPUVCNCEKP

'LGORNQFGUCNCFGEQORTGUQTGU

'LGORNQFGUCNCFGEQORTGUQTGU


/CPWCNFGKPUVTWEEKQPGU

6GZVQGPFKDWLQ


 'URCEKQNKDTGOPKOQSWGFGDGTGUGTXCTRCTCNCKPUVCNCEKPFGNEQORTGUQT

 2TQRWGUVCUFGXGPVKNCEKP
EQORTGUQTGUTGHTKIGTCFQURQTCKTG

 5KUVGOCUFGTGHTKIGTCEKP
EQORTGUQTGUTGHTKIGTCFQURQTCIWC

&GUETKREKP

 +PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UNKFQSWGRWGFCUQRQTVCTUWRGUQ
 2QUKEKPFGNCXNXWNCFGUCNKFCFGCKTGEQORTKOKFQ
 'NNCTIQOZKOQFGNCUVWDGTCUVQVCNGU
KPENWUQNCVWDGTCFGKPVGTEQPGZKPGPVTGGN
EQORTGUQT[GNFGRUKVQ UGECNEWNCFGNCHQTOCUKIWKGPVG
FR
.ZZ3E 
FZR
FFKOGVTQKPVGTKQTFGNVWDQFGUCNKFCGPOO
FRECFCFGRTGUKP
OZKOQTGEQOGPFCFQDCTRUK
.NQPIKVWFFGNVWDQFGUCNKFCGPO
RRTGUKPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
 8GPVKNCEKPNCURCTTKNNCUFGCURKTCEKP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGHQTOCSWG
UGGXKVGNCTGEKTEWNCEKPFGNCKTGFGTGHTKIGTCEKPCNEQORTGUQTQCNUGECFQT.C
XGNQEKFCFOZKOCFGNCKTGCVTCXUFGNCURCTTKNNCUGUFGOU
HVU 
.CVGORGTCVWTCOZKOCFGNCKTGGPNCVQOCFGNEQORTGUQTGUFGu%
u( 
NC
OPKOCGUFGu%u( 
2CTCNCUCNVGTPCVKXCU[FGNQUEQORTGUQTGUTGHTKIGTCFQURQTCKTGOQFGNQUFGN)#
85&CN)#85&NCECRCEKFCFFGXGPVKNCEKPPGEGUCTKCRCTCNKOKVCTNC
VGORGTCVWTCGPNCUCNCFGEQORTGUQTGURWGFGECNEWNCTUGFGNCOCPGTCUKIWKGPVG
3X0F6RCTCEQORTGUQTGU)#85&9QTMRNCEG
3X
0  F6RCTCEQORTGUQTGU)#85&9QTMRNCEG(WNN(GCVWTG
'NCKTGFGTGHTKIGTCEKPFGNUGECFQTRWGFGEQPFWEKTUGCNGZVGTKQT
3XECRCEKFCFFGXGPVKNCEKPTGSWGTKFCGPOU
0GPVTCFCCNGLGFGNEQORTGUQTGPM9
F6CWOGPVQFGVGORGTCVWTCGPUCNCFGNEQORTGUQT
2CTCNCUCNVGTPCVKXCU[NCECRCEKFCFFGNXGPVKNCFQTFGDGKIWCNCTNCECRCEKFCFFGN
XGPVKNCFQTFGNEQORTGUQTCWPCECTICFGRTGUKPKIWCNCNCECFCFGRTGUKPUQDTGNQU
EQPFWEVQUFGCKTG
2CTCNQUEQORTGUQTGUTGHTKIGTCFQURQTCIWCOQFGNQUFGN)#85&CN)#85&
NCECRCEKFCFFGXGPVKNCEKPPGEGUCTKCRCTCNKOKVCTNCVGORGTCVWTCGPNCUCNCFG
EQORTGUQTGURWGFGECNEWNCTUGFGNCOCPGTCUKIWKGPVG
3X0F6RCTCEQORTGUQTGU)#85&9QTMRNCEG
3X
0  F6RCTCEQORTGUQTGU)#85&9QTMRNCEG(WNN(GCVWTG
 .QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWCFGN
EQNGEVQT#VNCU%QREQFKURQPGFGUGRCTCFQTGUFGCEGKVGCIWC
VKRQ15& RCTC
UGRCTCTNCOC[QTRCTVGFGNCEGKVGFGNEQPFGPUCFQCHKPFGCUGIWTCTSWGGN
EQPFGPUCFQEWORNGNQUTGSWKUKVQUFGNCNGIKUNCEKPOGFKQCODKGPVCN
 /FWNQFGEQPVTQNEQPRCPGNFGOQPKVQTK\CEKP
 7PGNGEVTKEKUVCFGDGCLWUVCTGKPUVCNCTGNECDNGFGUWOKPKUVTQFGGPGTIC
'PECUQFGSWGFGUGGKPUVCNCTWPCTGF+6EQPUWNVGC#VNCU%QREQ
 'SWKRCOKGPVQRCTCUKUVGOCFGTGEWRGTCEKPFGGPGTIC


/CPWCNFGKPUVTWEEKQPGU

 (KNVTQVKRQ&&EQPHKPGUIGPGTCNGU'NHKNVTQGNKOKPCRCTVEWNCUUNKFCUJCUVC
OKETOGVTQ[EQPVGPKFQUFGCEGKVGTGUKFWCNOZKOQUFGOIO'URQUKDNG
KPUVCNCTWPHKNVTQFGCNVCGHKEKGPEKCVKRQ2&EQPRQUVGTKQTKFCFCWPHKNVTQ&&'UVG
HKNVTQGNKOKPCRCTVEWNCUUNKFCUJCUVCOKETCUEQPWPCTTCUVTGFGCEGKVGOZKOQ
FGOIO2CTCGXKVCTQNQTGU[XCRQTGUFGCEGKVGJC[SWGKPUVCNCTWPHKNVTQVKRQ
3&EQPRQUVGTKQTKFCFCNHKNVTQ2&
5GTGEQOKGPFCKPUVCNCTVWDQUFGFGTKXCEKPEQPXNXWNCUFGDQNCUQDTGECFCHKNVTQ
EQPQDLGVQFGCKUNCTNQUHKNVTQUFWTCPVGNQUVTCDCLQUFGUGTXKEKQUKPGPVQTRGEGTGN
UWOKPKUVTQFGCKTGEQORTKOKFQ
 8NXWNCFGUGIWTKFCF
 5KUVGOCFGFGTKXCEKPRCTCFGLCTHWGTCFGNEKTEWKVQGNUGECFQTFWTCPVGNQUVTCDCLQUFG
UGTXKEKQ
QREKQPCNEQPUWNVGC#VNCU%QREQ 
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWC
'NHNWLQFGCIWC[NCRTGUKPFGDGPCLWUVCTUGGPHWPEKPFGNCUEQPFKEKQPGUNQECNGU
2CTCEQPQEGTNCECNKFCFFGNCIWCFGTGHTKIGTCEKPEQPUWNVGNCUGEEKP4GSWKUKVQUFGN
CIWCFGTGHTKIGTCEKP
'NENKGPVGRWGFGKPUVCNCTWPCXNXWNCFGEKGTTG[QVTCFGFTGPCLGGPNQUVWDQUFG
GPVTCFC[UCNKFCFGCIWCFGNEQORTGUQT5KUGKPUVCNCPXNXWNCUFGEKGTTGGPNQUVWDQU
FGGPVTCFC[UCNKFCFGCIWCFGNEQORTGUQTFGDGKPUVCNCTUGWPFKURQUKVKXQFG
UGIWTKFCFEQPWPCRTGUKPFGCLWUVGCFGEWCFCCNCRTGUKPOZKOCFGGPVTCFCFGN
CIWCFGTGHTKIGTCEKP
EQPUWNVGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU GPVTG
GNVWDQFGUCNKFCFGCIWCFGNEQORTGUQT[NCXNXWNCFGEKGTTG#NCEEKQPCTNCWPKFCF
GNQRGTCFQTFGDGCUGIWTCTUGFGSWGGNUKUVGOCFGCIWCFGTGHTKIGTCEKPPQRWGFG
DNQSWGCTUG.QFGUETKVQCPVGTKQTOGPVGUGCRNKECVCODKPCNUKUVGOCFGCIWCFG
TGHTKIGTCEKPRCTCTGEWRGTCEKPFGGPGTIC'ZVTCKICNQUVCRQPGUFGRNUVKEQ
UKGUVP
KPUVCNCFQU FGNQUVWDQUFGCIWCFGNEQORTGUQT[EQPGEVGNQUVWDQUCNEKTEWKVQFG
CIWCFGTGHTKIGTCEKP
 2CTTKNNCFGNCKTGFGTGHTKIGTCEKPUGECFQT

#VGPEKP

'NVTCDCLQEQPOCSWKPCTKCEQPVTQNCFCRQTWPEQPXGTVKFQTFGHTGEWGPEKCTGSWKGTG
RTGECWEKQPGUFGUGIWTKFCFGURGEKCNGU'UVCURTGECWEKQPGUFGUGIWTKFCFFGRGPFGP
FGNVKRQFGTGFWUCFC
UKUVGOC6066Q+6 %QPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

 %QPGZKQPGUGNEVTKECU

%QPGZKQPGUGNEVTKECURCTC)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKP

 +PUVCNCEKPFGNENKGPVG

 1REKPUGECFQT

 2CTCEQOWPKECEKPEQP/QFDWU

 %QPGZKPGPGUVTGNNCVQFQUNQUFGOUXQNVCLGU

 %QPGZKPGPGUVTGNNCFGXGTUKP+6VQFQUNQUQVTQUXQNVCLGU

&GUETKREKP
 +PUVCNGWPKPVGTTWRVQTUGRCTCFQT
 %QORTWGDGSWGGUVPDKGPUWLGVQUCUWUDQTPGUNQUECDNGUGJKNQUFGNOQVQTGPGNCTOCTKQGNEVTKEQ
 %QORTWGDGNQUHWUKDNGU%QPUWNVGNCUGEEKP#LWUVGUFGNQUHWUKDNGU
 %QPGEVGNQUECDNGUFGUWOKPKUVTQFGGPGTICGNEVTKECCNQUDQTPGU
[ FGNEQPVCEVQT
- 
 %QPGEVGGNEQPFWEVQTFGRWGUVCCVKGTTCCNRGTPQFGVKGTTC
2' 

 4GSWKUKVQUFGNCIWCFGTGHTKIGTCEKP

)GPGTCNKFCFGU
5GKPFKECPNQUTGSWKUKVQUUKIWKGPVGUEQOQPQTOCIGPGTCNRCTCRTGXGPKTRTQDNGOCUEQPGNCIWCFG
TGHTKIGTCEKP'PECUQFGFWFCEQPUWNVGC#VNCU%QREQ

/ZKOQUTGEQOGPFCFQU 5KUVGOCFGTGEKTEWNCEKP 5KUVGOCFGRCUQEQPVKPWQ



%NQTWTQ
%N  KPHGTKQTCOIN KPHGTKQTCOIN

5WNHCVQ
51  KPHGTKQTCOIN KPHGTKQTCOIN
6QVCNFGUWUVCPEKCUUNKFCU KPHGTKQTCOIN KPHGTKQTCOIN
5WUVCPEKCUUNKFCUUWURGPFKFCU KPHGTKQTCOIN KPHGTKQTCOIN

5K1
%NQTQNKDTG
%N KPHGTKQTCOIN KPHGTKQTCOIN
#OQPCEQ
0*   KPHGTKQTCOIN KPHGTKQTCOIN
%QDTG KPHGTKQTCOIN KPHGTKQTCOIN
*KGTTQ KPHGTKQTCOIN KPHGTKQTCOIN
/CPICPGUQ KPHGTKQTCOIN KPHGTKQTCOIN
1ZIGPQ KPHGTKQTCOIN KPHGTKQTCOIN
&WTG\CECTDQPCVCFC
EQOQ OIN OIN
%C%1
/CVGTKCNQTIPKEQ
-/P1 KPHGTKQTCOIN KPHGTKQTCOIN
5KPCNICU
5KPCEGKVG


/CPWCNFGKPUVTWEEKQPGU

1DUGTXCEKP
'NENQTWTQ[GNUWNHCVQUQPKPVGTCEVKXQU'PWPUKUVGOCFGRCUQEQPVKPWQNCUWOCFGNQUEWCFTCFQUPQ
RWGFGGZEGFGTFG2CTCWPUKUVGOCFGTGEKTEWNCEKPEQPGNVTCVCOKGPVQ[NQUEQPVTQNGUFGDKFQUUG
RGTOKVGWPCUWOCFGNQUEWCFTCFQUFGJCUVC1DUTXGUGSWGGNXCNQTFGUWNHCVQFGDGKPENWKTGN
UWNHKVQGXGPVWCNOGPVGRTGUGPVG

#FKVKXQU
5KHWGTCPGEGUCTKQWVKNK\CTCFKVKXQUGPGNCIWCFGTGHTKIGTCEKPVGPICGPEWGPVCSWGNCECRCEKFCFFG
TGHTKIGTCEKPUGXGTCOQFKHKECFC

 2KEVQITCOCU

/QFGNQUFGN)#85&CN)#85&

2KEVQITCOCUOQFGNQUFGN)#85&CN)#85&

4GHGTGPEKC &GUKIPCEKP
 &GUEQPGEVGGNXQNVCLG[FGURTGUWTKEGGNEQORTGUQTCPVGUFGTGCNK\CTVCTGCUFG
TGRCTCEKPQOCPVGPKOKGPVQ
 /CPVGPICEGTTCFCUNCURWGTVCUFWTCPVGGNHWPEKQPCOKGPVQ
 &GUEQPGEVGGNXQNVCLGCPVGUFGSWKVCTNCEWDKGTVCRTQVGEVQTCFGPVTQFGNEWDEWNQ
GNEVTKEQ
 #XKUQXQNVCLG
 2WPVQFGFTGPCLGCWVQOVKEQFGEQPFGPUCFQ
 &GVGPICGNEQORTGUQTCPVGUFGNKORKCTNQUTGHTKIGTCFQTGU
 #EGKVGNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPKNNG[CRTKGVGEQPNCOCPQ
OGFKC
XWGNVCCRTQZKOCFCOGPVG


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKP
 %QPUWNVGGN.KDTQFGKPUVTWEEKQPGURCTCEQPQEGTGNUGPVKFQFGIKTQFGNOQVQTCPVGUFG
EQPGEVCTGNEQORTGUQTGNEVTKECOGPVG
 'NEQORTGUQTUKIWGRTGUWTK\CFQFWTCPVGUGIWPFQUFGURWUFGFGUEQPGEVCTGN
XQNVCLG
 2CTGUFGCRTKGVGRCTCRGTPQUFGCEGTQ
(G QNCVP
%W<P
 &GUEQPGEVGGNXQNVCLG[GURGTGOKPWVQUEQOQOPKOQCPVGUFGSWKVCTNCTGLKNNC
 5CNKFCFGCEGKVG
QREKPHKNVTQ&&2&

2KEVQITCOCUFGEQORTGUQTGUTGHTKIGTCFQURQTCIWC

4GHGTGPEKC &GUKIPCEKP
 'PVTCFCFGCIWCFGTGHTKIGTCEKP
 5CNKFCFGCIWCFGTGHTKIGTCEKP


/CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

 #PVGUFGNCTTCPSWGKPKEKCN

5GIWTKFCF

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU
NCUSWGUGKPFKECPGPGNRTGUGPVGOCPWCN

(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU
5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKPFGN
CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN
ECUQ[VCODKPUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO
HV 

&GURNC\COKGPVQNGXCPVCOKGPVQ
'URQUKDNGFGURNC\CTGNEQORTGUQTEQPC[WFCFGWPCECTTGVKNNCGNGXCFQTCGPNCUTCPWTCUFGNDCUVKFQT
2TQEWTGPQFCCTNCECTTQEGTCFWTCPVGGNNGXCPVCOKGPVQQVTCPURQTVG#PVGUFGNGXCPVCTGNEQORTGUQT
XWGNXCCKPUVCNCTNQURGTPQUFGVTCPURQTVG
%QPUWNVGNCUGEEKP#TTCPSWGKPKEKCN
#UGITGUGFGSWGNCUJQTSWKNNCUUQDTGUCNGPFGUFGGNQVTQNCFQFGNDCUVKFQT6CODKPGURQUKDNGNGXCPVCT
GNEQORTGUQTFGURWUFGKPVTQFWEKTXKICUGPNCUTCPWTCU#UGITGUGFGSWGNCUXKICUPQUGFGUNK\CP[SWG
UQDTGUCNGPFGUFGGNDCUVKFQTFGOCPGTCWPKHQTOG.CUECFGPCUFGDGPOCPVGPGTUGRCTCNGNCUCNC
ECTTQEGTCEQPC[WFCFGUGRCTCFQTGUFGECFGPCRCTCPQFCCTCNEQORTGUQT'NGSWKRQFGGNGXCEKPFGDG
GUVCTEQNQECFQFGHQTOCSWGGNEQORTGUQTUGNGXCPVGRGTRGPFKEWNCTOGPVG.GXPVGNQEQPUWCXKFCF
RTQEWTCPFQSWGPQUGVWGT\C

 #TTCPSWGKPKEKCN

5GIWTKFCF

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU%QPUWNVG
VCODKPNCUGEEKP5QNWEKPFGRTQDNGOCU

2TQEGFKOKGPVQ

2CTCEQPQEGTNCRQUKEKPFGNCXNXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

(KLCEKQPGUFGVTCPURQTVGFGNTGEGRVQTFGCKTGFG)#85&[)#85&

(KLCEKQPGUFGVTCPURQTVGFGNOQVQT[FGNCECLCFGGPITCPCLGUFG)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

#TOCTKQGNEVTKEQFG)#85&[)#85&GLGORNQVRKEQ

 %QPUWNVGNCUUGEEKQPGU6COCQFGECDNGUGNEVTKEQU2TQRWGUVCUFGKPUVCNCEKP[&KDWLQUFG
FKOGPUKQPGU
 *C[SWGSWKVCTNQUHKLCFQTGUFGVTCPURQTVGRKPVCFQUFGTQLQUKIWKGPVGU
2GTPQU

%CUSWKNNQU

5QRQTVGU

 %QORTWGDGSWGGUVPJGEJCUNCUEQPGZKQPGUGNEVTKECUEQPHQTOGCNQUEFKIQUNQECNGU[SWG
VQFQUNQUECDNGUGUVPDKGPUWLGVQUCUWUDQTPGU
'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ
KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
 %QORTWGDGNQUJKNQUUGNGEVQTGUFGXQNVCLGRQTGNNCFQRTKOCTKQFGNVTCPUHQTOCFQT6
 %QORTWGDGGNCLWUVGFGNFKU[WPVQT
3 %QORTWGDGVCODKPSWGGNKPVGTTWRVQTGPGNFKU[WPVQT
UGJCNNCGPNCRQUKEKP+
 +PUVCNGNCXNXWNCFGUCNKFCFGCKTG
#8 EQPUWNVGNCUGEEKP+PVTQFWEEKPRCTCEQPQEGTNC
RQUKEKPFGNCXNXWNC
%KGTTGNCXNXWNC
%QPGEVGNCTGFFGCKTGCNCXNXWNC
'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKPFGUGECFQTKPUVCNGNCXNXWNCFGUCNKFCFGCKTGGP
GNVWDQFGFGTKXCEKPFGNUGECFQT


/CPWCNFGKPUVTWEEKQPGU

 %QPGEVGNCUUCNKFCUFGFTGPCLGFGNEQPFGPUCFQCWPEQNGEVQTFGFTGPCLG%QPUWNVGNCUGEEKP
5KUVGOCFGEQPFGPUCFQ[RCTCGNECUQFGWP15&EQPUWNVGNCUGEEKP+PUVCNCEKP
2CTCWPKFCFGU(WNNHGCVWTGEQPGEVGVCODKPNCUCNKFCFGFTGPCLGFGEQPFGPUCFQFGNUGECFQTCWP
EQNGEVQTFGFTGPCLG
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWC2CTCUCECTCIWC
EQPFGPUCFCRWTCJC[SWGKPUVCNCTWPUGRCTCFQTFGCEGKVGCIWCFGXGPVCEQOQQREKPGP#VNCU
%QREQEQPUWNVGNCUGEEKP7PKFCF15&5KNCUVWDGTCUUGJCPKPUVCNCFQGPGNGZVGTKQTFGNCUCNC
FQPFGRWGFCPSWGFCTGZRWGUVCUCJGNCFCUFGDGPCKUNCTUG
 2CTCEQORTGUQTGUEQPWPCEQPGZKPFGHKNVTQ&&Q&&[2&FTGPCLGCWVQOVKEQFGNQUHKNVTQUCN
EQNGEVQTFGFTGPCLGCFGEWCFQ
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCGNENKGPVGFGDGKPUVCNCTGPNCVWDGTCFGCIWCFG
TGHTKIGTCEKPXNXWNCUFGFTGPCLGXNXWNCUFGEKGTTG[WPCXNXWNCFGTGIWNCEKP
 %QORTWGDGGNPKXGNFGCEGKVG
.CCIWLCFGNKPFKECFQTFGPKXGN
)+ FGDGGPEQPVTCTUGGPGNECORQUWRGTKQTFGNC\QPCXGTFGQGP
NC\QPCPCTCPLC
 2TQXCUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG
'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTCPECTCWVQOVKECOGPVGFGURWUFGKPVGTTWREKPFGN
XQNVCLG
UKGUVCEVKXCFQEQPUWNVGC#VNCU%QREQ 
'NEQORTGUQTXCEQPVTQNCFQCWVQOVKECOGPVG[RWGFGSWGCTTCPSWGGPEWCNSWKGTOQOGPVQ
'URQUKDNGSWGGNEQORTGUQTXC[COCPFCFQCFKUVCPEKC
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCEKGTTGNCUXNXWNCUFGFTGPCLGFGCIWCFGTGHTKIGTCEKP
#DTCNCXNXWNCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP[NCXNXWNCFGTGIWNCEKP
 %QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[RTGNQCNKPUVCPVG
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGEQORTWGDGNCFKTGEEKPFGTQVCEKPFGNOQVQTFGN
XGPVKNCFQT5GGPEWGPVTCPRTQXKUVCUHNGEJCUFGTQVCEKPXKUKDNGUCVTCXUFGNCTGLKNNCGPGNVGEJQ
GPNCRNCECFGNXGPVKNCFQT5KNCFKTGEEKPFGTQVCEKPGUKPEQTTGEVCCDTCGNKPVGTTWRVQTUGRCTCFQT
FGNCNPGCFGUWOKPKUVTQFGXQNVCLGGKPXKGTVCFQUNPGCUGNEVTKECUFGGPVTCFC
 %QORTWGDGNQUCLWUVGURTQITCOCFQU%QPUWNVGNCUGEEKP#LWUVGURTQITCOCDNGU
 2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCEQPPQTOCNKFCF

 #PVGUFGCTTCPECT

1DUGTXCEKQPGU

5KGNEQORTGUQTPQUGJCWVKNK\CFQFWTCPVGNQUNVKOQUOGUGUUGTGEQOKGPFC
GPECTGEKFCOGPVGSWGUGOGLQTGNCNWDTKECEKPFGNGNGOGPVQEQORTGUQTCN
CTTCPECT
#HNQLGNCCDTC\CFGTC
 [FGUEQPGEVGNCOCPIWGTCFGGPVTCFC
 
'P)#85&[)#85&NGXCPVGNCOCPIWGTCFGGPVTCFC
 CDTCNC
XNXWNCFGTGVGPEKP
%8 [XKGTVCN
75ICN+ORICN FGCEGKVG
GPGNGNGOGPVQEQORTGUQT
8WGNXCCKPUVCNCTNCOCPIWGTCFGGPVTCFC
 
2CTCEQORTGUQTGU(WNNHGCVWTGEQPGEVGGNXQNVCLGJQTCUCPVGUFGCTTCPECTCHKP
FGGPGTIK\CTGNECNGPVCFQTFGNETVGTFGNEQORTGUQTFGTGHTKIGTCPVGFGNUGECFQT


/CPWCNFGKPUVTWEEKQPGU

7DKECEKPFGNFGUECTICFQTGP)#85&[)#85&

2TQEGFKOKGPVQ

 %QPUWNVGNCUGEEKP#TTCPSWGKPKEKCNRCTCEQPQEGTNCWDKECEKPFGNQUEQORQPGPVGUFGNUKUVGOCFG
CEGKVG
%QORTWGDGGNPKXGNFGCEGKVG
)+ [CCFCUKGURTGEKUQ.CCIWLCFGDGGPEQPVTCTUGGPGNECORQ
UWRGTKQTFGNC\QPCXGTFGQGPNC\QPCCPCTCPLCFC5KNCCIWLCUGGPEWGPVTCGPNC\QPC.19

$#,1 FGURTGUWTKEGGNUKUVGOCFGCEGKVG
EQPUWNVGNCUGEEKP5QNWEKPFGRTQDNGOCU 'URGTGC
SWGGNEQORTGUQTUGFGURTGUWTKEG#HNQLGGNVCRPFGNNGPCFQFGCEGKVG
(% FGUCVQTPKNNCPFQUNQ
EQPWPCXWGNVCRCTCSWGGUECRGNCRTGUKPSWGRWGFCJCDGTUGCEWOWNCFQGPGNUKUVGOC'ZVTCKIC
GNVCRPFGNNGPCFQ[CCFCCEGKVGJCUVCSWGGNPKXGNCNECPEGGNEWGNNQFGNNGPCFQ#RTKGVGGN
VCRP
 5KGURTGEKUQXCEGGNEQNGEVQTFGRQNXQFGNHKNVTQEQPUWNVGNCUGEEKP(KNVTQFGCKTG
 5KGUVEQORNGVCOGPVGGZVTCFCNCRCTVGTQLCFGNKPFKECFQTFGUGTXKEKQFGNHKNVTQFGCKTGTGGORNCEG
GNGNGOGPVQFGNHKNVTQFGCKTG4GUVCDNG\ECGNKPFKECFQTFGUGTXKEKQ
8+ CRTGVCPFQGNDQVPWDKECFQ
GPGNGZVTGOQFGNEWGTRQ[TGCTOGGNCXKUQFGUGTXKEKQ
EQPUWNVGNCUGEEKP/GP5GTXKEKQ 
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCVCODKP
%QORTWGDGSWGGUVPEGTTCFCUNCUXNXWNCUFGFTGPCLGFGNCIWCFGTGHTKIGTCEKPGPNCU
VWDGTCUFGGPVTCFC[UCNKFC
#DTCNCXNXWNCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP
#DTCNCXNXWNCFGTGIWNCEKPFGNHNWLQFGCIWC'UVGRCUQUGRWGFGQOKVKTUKPQUGJC
OQFKHKECFQGNCLWUVGFGFKEJCXNXWNCVTCUWPHWPEKQPCOKGPVQCPVGTKQT


/CPWCNFGKPUVTWEEKQPGU

 #TTCPSWG

2TQEGFKOKGPVQ

2CTCEQPQEGTNCRQUKEKPFGNCXNXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
%QPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQ

2CPGNFGEQPVTQN

 %QPGEVGGNXQNVCLG%QORTWGDGSWGUGGPEKGPFGGN.'&FGXQNVCLGEQPGEVCFQ
 #RCTGEGGN
OGPUCLG%QORTGUQTQHH
 #DTCNCXNXWNCFGUCNKFCFGCKTG
#8 
 2WNUGGNDQVPFGCTTCPSWG
 FGNRCPGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'&
FGHWPEKQPCOKGPVQCWVQOVKEQ
 UGGPEKGPFG
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCTGIWNGGNHNWLQFGCIWCFGTGHTKIGTCEKPEQPGNEQORTGUQT
CNCOZKOCXGNQEKFCF#LWUVGGNHNWLQFGCIWCRCTCQDVGPGTWPCVGORGTCVWTCRVKOCGPNCUCNKFC
FGNGNGOGPVQGUFGEKTGPVTG[u%
[u( RQTGPEKOCFGNCVGORGTCVWTC
EQTTGURQPFKGPVGKPFKECFCGPNCUKIWKGPVGHKIWTC
2CTCNQITCTWPHWPEKQPCOKGPVQRVKOQNCVGORGTCVWTCFGUCNKFCFGNCIWCFGTGHTKIGTCEKPPQ
FGDGTUQDTGRCUCTPWPECGNXCNQTGURGEKHKECFQGPNCUGEEKP&CVQUFGNEQORTGUQT
%QPUWNVGC#VNCU%QREQUKUGHQTOCTCEQPFGPUCFQFWTCPVGRGTKQFQUFGFGUECTICHTGEWGPVGU


/CPWCNFGKPUVTWEEKQPGU

6GORGTCVWTCOPKOCFGNGNGOGPVQEQORTGUQTRCTCWPKFCFGUTGHTKIGTCFCURQTCIWC


# VGORGTCVWTCFGGPVTCFCFGCKTG

$ VGORGTCVWTCFGEQPFGPUCEKP

% RTGUKPFGVTCDCLQ

& JWOGFCFTGNCVKXCFGCKTG
'LGORNQUKUGVTCDCLCCWPCRTGUKPFGDCT
G 
RUKI GPWPCVGORGTCVWTCCODKGPVGFGu%

u( [WPCJWOGFCFTGNCVKXCFGNCKTGFGWPNCVGORGTCVWTCOPKOCRCTCKORGFKTSWGUGHQTOG
EQPFGPUCFQGUFGu%
u( *C[SWGTGIWNCTGNHNWLQFGCIWCFGTGHTKIGTCEKPFWTCPVGGN
HWPEKQPCOKGPVQGPECTICRCTCNQITCTWPCVGORGTCVWTCGPVTGu%[CRTQZ%
[CRTQZu( 
GPNCUCNKFCFGNGNGOGPVQEQORTGUQT

 &WTCPVGGNHWPEKQPCOKGPVQ

2TQEGFKOKGPVQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU%QPUWNVG
VCODKPNCUGEEKP5QNWEKPFGRTQDNGOCU

/CPVGPICNCURWGTVCUEGTTCFCUFWTCPVGGNHWPEKQPCOKGPVQRWGFGCDTKTNCUPKECOGPVG
RQTDTGXGURGTQFQURCTCNNGXCTCECDQEQORTQDCEKQPGU

5KNQUOQVQTGUGUVPFGVGPKFQU[GN.'&
 GPEGPFKFQNQUOQVQTGURQFTCPRQPGTUGGP
OCTEJCCWVQOVKECOGPVG


/CPWCNFGKPUVTWEEKQPGU

2CPGNFGEQPVTQN

7DKECEKPFGNCOKTKNNCFGPKXGNFGCEGKVGGP)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

2QUKEKPFGNKPFKECFQTFGUGTXKEKQGP)#85&[)#85&

%QORTWGDGGNPKXGNFGCEGKVGFWTCPVGGNHWPEKQPCOKGPVQNCCIWLCFGNKPFKECFQTFGPKXGN
)N FGDG
GPEQPVTCTUGGPNC\QPCXGTFGFGNQEQPVTCTKQRWNUGGNDQVPFGRCTCFC
 
%KGTTGNCXNXWNCFGUCNKFCFGCKTG
#8 [RWNUGGNDQVPFGRTWGDCUQDTGGNFKURQUKVKXQGNGEVTPKEQFG
FTGPCLGFGCIWCJCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUV
EQORNGVCOGPVGFGURTGUWTK\CFC
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQRCTC
EQPQEGTUWWDKECEKP 
2CTC)#85&CN)#85&(WNN(GCVWTGRWNUGVCODKPGNDQVPFGRTWGDCSWGUGGPEWGPVTCUQDTGGN
FKURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWCFGNUGECFQTJCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFG
CKTG[NCXNXWNCFGUCNKFCGUVEQORNGVCOGPVGFGURTGUWTK\CFC
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
 
'URGTGCSWGGNEQORTGUQTUGFGURTGUWTKEG#HNQLGGNVCRPFGNNGPCFQFGCEGKVG
(% FGUCVQTPKNNCPFQUNQ
EQPWPCXWGNVCRCTCSWGGUECRGNCRTGUKPSWGRQFTCJCDGTUGCEWOWNCFQGPGNUKUVGOC'ZVTCKICGN
VCRP[CCFCCEGKVGJCUVCSWGGNPKXGNCNECPEGNCCDGTVWTCFGNVCRPFGNNGPCFQ+PUVCNG[CRTKGVGGN
VCRP
(% 
5KNCRCTVGEQNQTGCFCFGNKPFKECFQTFGUGTXKEKQ
8+ GUVEQORNGVCOGPVGGZVTCFCRCTGGNEQORTGUQT
FGUEQPGEVGGNXQNVCLG[TGGORNCEGGNGNGOGPVQFGNHKNVTQFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQ
CRTGVCPFQGNDQVPGPGNGZVTGOQFGNEWGTRQ
5KGUVGPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
 GNTGIWNCFQTEQPVTQNCGNEQORTGUQT
CWVQOVKECOGPVGGUFGEKTCLWUVCNCXGNQEKFCFFGNEQORTGUQTCNCRTGUKPFGNCTGFCTTCPECPFQ[
FGVGPKGPFQGNEQORTGUQTEWCPFQUGCPGEGUCTKQ
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGGNHWPEKQPCOKGPVQCKPVGTXCNQUTGIWNCTGU%QPUWNVGNC
UGEEKP5KUVGOCFGEQPFGPUCFQ[GPECUQFGWP15&EQORTWGDGVCODKPGNPKXGNFGNEQNGEVQTFG
CEGKVGEQPUWNVGNCUGEEKP+PUVTWEEKQPGUFGOCPVGPKOKGPVQ[HWPEKQPCOKGPVQFG15&.CECPVKFCFFG
EQPFGPUCFQFGRGPFGFGNCUEQPFKEKQPGUFGVTCDCLQ[NCUEQPFKEKQPGUOGFKQCODKGPVCNGU


/CPWCNFGKPUVTWEEKQPGU

 %QORTQDCTGNFKURNC[

2TQEGFKOKGPVQ

2CPGNFGEQPVTQN

%QORTWGDGGNFKURNC[
 TGIWNCTOGPVGRCTCEQPQEGTNCUNGEVWTCU[OGPUCLGU0QTOCNOGPVGGNFKURNC[
OWGUVTCNCRTGUKPFGUCNKFCFGNEQORTGUQTNCXGNQEKFCFFGNOQVQT[NCUCDTGXKCVWTCUFGNCUHWPEKQPGUFG
NCUVGENCUFGDCLQFGNFKURNC[
%QORTWGDGUKGORTGGNFKURNC[
 [UQNWEKQPGNCUCXGTCUUKGUVGPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC

 %QPUWNVGNCUGEEKP/GP&CVQUFGGUVCFQ
'PGNFKURNC[
 CRCTGEGTWPOGPUCLGFGUGTXKEKQUKUGJCGZEGFKFQWPKPVGTXCNQFGNRNCPFGUGTXKEKQQGN
PKXGNFGUGTXKEKQFGWPQFGNQUEQORQPGPVGUOQPKVQTK\CFQU.NGXGCECDQNCUCEEKQPGUFGUGTXKEKQFGNQU
RNCPGUKPFKECFQUQTGGORNCEGGNEQORQPGPVG[TGUVCDNG\ECGNVGORQTK\CFQTGPEWGUVKPEQPUWNVGNC
UGEEKP/GP&CVQUFGGUVCFQ
2WNUGTGIWNCTOGPVGNCVGENCEQPHNGEJCCDCLQ
 GPNCRCPVCNNCRTKPEKRCNRCTCQDVGPGTKPHQTOCEKPCEGTEC
FGNGUVCFQCEVWCNFGNEQORTGUQT%QPUWNVGNCUGEEKP%QPUWNVCTRKFCFGNGUVCFQCEVWCNFGNEQORTGUQT

 2CTCFC

4GIWNCFQT'NGMVTQPKMQP

2CPGNFGEQPVTQN


/CPWCNFGKPUVTWEEKQPGU

2TQEGFKOKGPVQ

 2WNUGGNDQVPFGRCTCFC
 'N.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
 UGCRCIC'N
EQORTGUQTUGFGVKGPG
 2CTCFGVGPGTGNEQORTGUQTCNKPUVCPVGGPECUQFGGOGTIGPEKCRWNUGGNDQVPFG
RCTCFCFGGOGTIGPEKC
 'N.'&FGCNCTOC
 RCTRCFGC
&GURWUFGUQNWEKQPCTNCCXGTCVKTGFGNDQVPRCTCFGUDNQSWGCTNQ[RWNUGNCVGENC
4GCT 
 CPVGUFGXQNXGTCCTTCPECT
 %KGTTGNCXNXWNCFGUCNKFCFGCKTG
#8 
EQPUWNVGNCUGEEKP+PVTQFWEEKP 
 2WNUGGNDQVPFGRTWGDCUQDTGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWC
JCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUV
EQORNGVCOGPVGFGURTGUWTK\CFQ%QPUWNVGNCUGEEKP5KUVGOCFGEQPFGPUCFQ
&GUEQPGEVGGNXQNVCLG
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWC
%KGTTGNCXNXWNCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP
5KUGRTGXPVGORGTCVWTCUFGEQPIGNCEKPXCEGEQORNGVCOGPVGGNUKUVGOCFG
TGHTKIGTCEKP

 2WGUVCHWGTCFGUGTXKEKQ

#XKUQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

2TQEGFKOKGPVQ

 2CTGGNEQORTGUQT[EKGTTGNCXNXWNCFGUCNKFCFGCKTG
 2WNUGGNDQVPFGRTWGDCUQDTGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWC
JCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUV
EQORNGVCOGPVGFGURTGUWTK\CFQ%QPUWNVGNCUGEEKP5KUVGOCFGEQPFGPUCFQ
FGUCVQTPKNNGGNVCRPFGNNGPCFQFGCEGKVGWPCUQNCXWGNVCPQOUCHKPFGRGTOKVKT
SWGGUECRGNCRTGUKPGXGPVWCNFGNUKUVGOC%QPUWNVGNCUGEEKP%CODKQFGCEGKVG[
HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRPFGNNGPCFQ
 2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGNXQNVCLG[FGUEQPGEVGGN
EQORTGUQTFGNCTGFGNEVTKEC
 %KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCXNXWNCFGUCNKFC
5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
 'PEQORTGUQTGUTGHTKIGTCFQURQTCIWC
#UNG[UGRCTGGNUKUVGOCFGCIWCFGNCTGFFGCIWCFGTGHTKIGTCEKP
5CSWGGNCEGKVGFGNEKTEWKVQ
 8CEGGNCEGKVG
 8CEGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG
EQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

 /CPVGPKOKGPVQ

 2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

2CPGNFGEQPVTQN

2CPGNFGEQPVTQN

#XKUQ

#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKPFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
2CTGGNEQORTGUQT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[RWNUGGNDQVPFGRTWGDCUQDTGNQU
FKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWCJCUVCSWGGNUKUVGOCFGCKTGGPVTGGN
TGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUVEQORNGVCOGPVGFGURTGUWTK\CFQ
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
 
&GUEQPGEVGGNXQNVCLG
&GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

#PVGUFGNOCPVGPKOKGPVQOGEPKEQ

%KGTTGNCXNXWNCFGUCNKFCFGCKTG[RWNUGGNDQVPFGRTWGDCUQDTGNQUFKURQUKVKXQU
GNGEVTPKEQUFGFTGPCLGFGCIWCJCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG
[NCXNXWNCFGUCNKFCGUVEQORNGVCOGPVGFGURTGUWTK\CFQ
2CTCEQPQEGTNCWDKECEKPFGNQUEQORQPGPVGUEQPUWNVGNCUGEEKP5KUVGOCFG
EQPFGPUCFQ

#PVGUFGNOCPVGPKOKGPVQGNEVTKEQ

'URGTGFWTCPVGOKPWVQURQTNQOGPQUCPVGUFGGORG\CTGNOCPVGPKOKGPVQ[CSWG
GUVPDCLQCNVCVGPUKPNQUEQPFGPUCFQTGUFGNCWPKFCFFGTGIWNCEKPFGXGNQEKFCF[
CTTCPSWGFWTCPVGOKPWVQUFGURWUFGKPVGTTWORKTGNXQNVCLG


/CPWCNFGKPUVTWEEKQPGU

)CTCPVC[TGURQPUCDKNKFCFFGNRTQFWEVQ
7VKNKEGPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCQQCXGTCTGUWNVCPVGFGNWUQFGRKG\CUPQ
CWVQTK\CFCUPQGUVEWDKGTVQRQTNC)CTCPVCPKRQTNC4GURQPUCDKNKFCFFGN2TQFWEVQ

,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
5GGPEWGPVTCPFKURQPKDNGU UGTXKEGMKVU RCTCTGXKUKQPGUQOCPVGPKOKGPVQRTGXGPVKXQ
XCUGNC
UGEEKP,WGIQUFGUGTXKEKQ
UGTXKEGMKVU  

%QPVTCVQUFGUGTXKEKQ
#VNCU%QREQQHTGEGXCTKQUVKRQUFGEQPVTCVQUFGUGTXKEKQGXKVPFQNGCUEWCNSWKGTVTCDCLQFG
OCPVGPKOKGPVQRTGXGPVKXQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ

)GPGTCNKFCFGU
#NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVTKECU[CTCPFGNCUFGUOQPVCFCU

+PVGTXCNQU
'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQ
GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKPFGNCUEQPFKEKQPGUCODKGPVCNGU
[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODKPKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU

2NCPGUFGUGTXKEKQ

#FGOUFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUG
CITWRCPGPRNCPGUNNCOCFQU2NCPGUFG5GTXKEKQ#$GVEEQOQUGGURGEKHKECGPGN
RTQITCOCUKIWKGPVG
%CFCRNCPVKGPGWPKPVGTXCNQFGVKGORQRTQITCOCFQCNSWGFGDGPNNGXCTUGCECDQ
VQFCUNCUCEEKQPGUFGUGTXKEKQRGTVGPGEKGPVGUCFKEJQRNCP#NCNECP\CTGNKPVGTXCNQ
CRCTGEGTWPOGPUCLGGPNCRCPVCNNCSWGKPFKECSW2NCPGUFGUGTXKEKQFGDGP
TGCNK\CTUGEQPUWNVGNCUGEEKP/GP&CVQUFGGUVCFQ*C[SWGTGCTOCTNQU
KPVGTXCNQUFGURWUFGNUGTXKEKQEQPUWNVGNCUGEEKP/GP5GTXKEKQ

2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
)GPGTCNKFCFGU

2GTQFQ 1RGTCEKP
&KCTKQ %QORTWGDGGNPKXGNFGNCEGKVG
%QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
%QORTWGDGGNKPFKECFQTFGUGTXKEKQFGNHKNVTQFGCKTG


/CPWCNFGKPUVTWEEKQPGU

2GTQFQ 1RGTCEKP
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWCEQORTWGDGGNHNWLQFGCIWCFGTGHTKIGTCEKP
%CFCOGUGU %QORTWGDGNQUTGHTKIGTCFQTGUNORKGNQUGPECUQRTGEKUQ
'PEQORTGUQTGUEQPUGECFQTKPVGTPQEQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[
NORKGNQGPECUQPGEGUCTKQ
4GVKTG[GZCOKPGGNGNGOGPVQFGNHKNVTQFGCKTG5KGUPGEGUCTKQKPUWHNGCKTGRCTC
NKORKCTNQ[GZCOPGNQCEQPVKPWCEKP
/UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ
4GGORNCEGGNGOGPVQUFCCFQUQOW[EQPVCOKPCFQU
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQCNRWNUCTGNDQVPFGRTWGDCUQDTGGN
FKURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC

*QTCUFG 2NCPFGUGTXKEKQ 1RGTCEKP


HWPEKQPCOKGPVQ
  5KUGWVKNK\C#VNCU%QREQ(QQF)TCFG(NWKFECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
 # 5KUGWVKNK\C#VNCU%QREQ4QVQKPLGEV(NWKFECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
  5KUGWVKNK\C#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFG
OGODTCPCECODKGGNCEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG
 $ 4GGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG
 $ %QORTWGDGGNGUVCFQFGNCOCPIWGTCFGVQOCFGCKTGGPVTGGN
HKNVTQFGCKTG[GNGNGOGPVQ
 $ %QORTWGDGNCUNGEVWTCUFGRTGUKP[VGORGTCVWTC
 $ .NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[
 $ 4GGORNCEGNCUCNOQJCFKNNCUHKNVTCPVGUFGCKTGFGNCTOCTKQFGN
EQPXGTVKFQT
 $ %QORTWGDGUKJC[HWICU
 $ 'PNQUEQORTGUQTGUTGHTKIGTCFQURQTCKTGNKORKGNQU
TGHTKIGTCFQTGU
 $ 'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGEQORTWGDG[NKORKGGN
EQPLWPVQFGNXGPVKNCFQTFGGPHTKCOKGPVQ
 $ 2TWGDGNCHWPEKPFGRCTCFCFGVGORGTCVWTC
 $ *CICRTQDCTNCXNXWNCFGUGIWTKFCF
 $ .KORKGNCUCNGVCUFGGPHTKCOKGPVQFGNQUOQVQTGUGNEVTKEQU
 $ %QORTWGDGNCNKORKG\CFGNTGUVTKEVQTGPNCNPGCFGDCTTKFQ


/CPWCNFGKPUVTWEEKQPGU

*QTCUFG 2NCPFGUGTXKEKQ 1RGTCEKP


HWPEKQPCOKGPVQ
 $ %QORTWGDGGNHWPEKQPCOKGPVQFGNQUXGPVKNCFQTGUFGTGHTKIGTCEKP
FGNEQPXGTVKFQT
 $ %QORTWGDGNCXNXWNCFGUQNGPQKFGFGGZRWNUKPFGURWUFG
FGVGPGTNCWPKFCF[RWNUCTGNDQVPFGRCTCFCFGGOGTIGPEKC
 % 4GGORNCEGGNUGRCTCFQTFGCEGKVG
4GGORNCEGGNUGRCTCFQTFGCEGKVGUKNCRTGUKPFGUEKGPFGOUFG
DCTFWTCPVGNCOCTEJCGPECTICEQPWPCRTGUKPFGVTCDCLQ
GUVCDNG
 % 5KUGWVKNK\C#VNCU%QREQ*&4QVQ(NWKF2NWUECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
  5KUGWVKNK\C#VNCU%QREQ4QVQ'ZVTGOG&WV[(NWKFECODKGGN
CEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG

+ORQTVCPVG

%QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT
2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU
GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKPEQPUWNVGC#VNCU
%QREQ
&GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTCUQLWPVCU
HNGZKDNGUFCCFCU

 /QVQTFGCEEKQPCOKGPVQ

/QFGNQU)#85&[)#85&
'NEQLKPGVGFGNNCFQUKPCEEKQPCOKGPVQGUVGPITCUCFQFGRQTXKFC
'NEQLKPGVGFGNNCFQFGCEEKQPCOKGPVQGUVNWDTKECFQRQTGNUKUVGOCFGCEGKVG

 'URGEKHKECEKQPGUFGNCEGKVG

0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
2CTCCUGIWTCTWPCDWGPCECNKFCFFGNCEGKVGFTGPGGNEQORTGUQTGPVQFQUNQURWPVQU
FGFTGPCLG.QUCEGKVGUWUCFQUSWGUGFGLCPGPGNEQORTGUQTRWGFGPEQPVCOKPCTGN
UKUVGOCFGCEGKVG

5GTGEQOKGPFCOW[GPECTGEKFCOGPVGSWGWVKNKEG#VNCU%QREQ(NWKF%QPUWNVGNCUGEEKP2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ


/CPWCNFGKPUVTWEEKQPGU

#VNCU%QREQ4QVQ+PLGEV(NWKF
#EGKVGRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFGOQVQTFG8
#VNCU%QREQ4QVQ+PLGEV(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQPKP[GEEKP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ4QVQ+PLGEV(NWKFRWGFGWVKNK\CTUGRCTC
EQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [u%
u( 

EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ 

#VNCU%QREQ*&4QVQ(NWKF2NWU
#EGKVGRCTCWPKFCFGU%5#7.GZEGRVQRCTCWPKFCFGUEQPWPXQNVCLGFGOQVQTFG8
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKPRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFG
OQVQTFG8
#VNCU%QREQ*&4QVQ(NWKF2NWUGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQPKP[GEEKP
FGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ*&4QVQ(NWKF2NWURWGFGWVKNK\CTUGRCTC
EQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [u%
u( 

EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ 

#VNCU%QREQ4QVQ'ZVTGOG&WV[
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKP
#VNCU%QREQ*&4QVQ'ZVTGOG&WV[(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQP
KP[GEEKPFGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ#VNCU%QREQ*&4QVQ'ZVTGOG&WV[
(NWKFRWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u
( [u%
u( 
EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ 

#VNCU%QREQ(QQF)TCFG
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKP
#VNCU%QREQ(QQF)TCFG(NWKFGUWPNWDTKECPVGUKPVVKEQFGCNVCECNKFCFGZENWUKXQETGCFQGURGEKCNOGPVG
RCTCEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKPFGCEGKVGSWGUWOKPKUVTCPCKTGRCTCNCKPFWUVTKCFG
CNKOGPVCEKP'UVGNWDTKECPVGOCPVKGPGGNEQORTGUQTGPRGTHGEVQGUVCFQ'NCEGKVG(QQF)TCFGRWGFG
WVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [u%

u( 
EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ 

#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPC
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKP
#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPCGUWPNWDTKECPVGUKPVVKEQFGCNVC
ECNKFCFGZENWUKXQETGCFQGURGEKCNOGPVGRCTCCRNKECEKQPGUFGOGODTCPC'UVGNWDTKECPVGOCPVKGPGGN
EQORTGUQTGPRGTHGEVQGUVCFQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKPFGOGODTCPCRWGFGWVKNK\CTUGRCTC
EQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u( [u%
u( 

EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ 

1DUGTXCEKP

'NFGRUKVQFGCKTGVCPSWGFGCEGKVGNNGXCWPCGVKSWGVCSWGKPFKECGNVKRQFGCEGKVG
NNGPCFQGPHDTKEC


/CPWCNFGKPUVTWEEKQPGU

 %CODKQFGCEGKVG[HKNVTQUFGCEGKVG

#XKUQ

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

2TQEGFKOKGPVQ

%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#85&[)#85&

6CRQPGUFGFTGPCLGFGCEGKVGFG)#85&[)#85&


/CPWCNFGKPUVTWEEKQPGU

 2QPICGPOCTEJCGNEQORTGUQT[GURGTGCSWGUGECNKGPVGEKGTTGNCXNXWNCFGUCNKFCFGCKTG[
FGLGHWPEKQPCTGNEQORTGUQTFWTCPVGOKPWVQUCNCXGNQEKFCFOPKOC&GVGPICGNEQORTGUQT
RWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC[GURGTGCSWGGNEQORTGUQTUGFGURTGUWTKEG
#HNQLGGNVCRPFGNNGPCFQFGCEGKVG
(% FGUCVQTPKNNCPFQUNQEQPWPCXWGNVCRCTCSWGGUECRG
NCRTGUKPSWGRQFTCJCDGTUGCEWOWNCFQGPGNUKUVGOC
 #HNQLGGNVCRPFGXGPVKNCEKPFGNTGHTKIGTCFQTFGCEGKVG[GURGTGOKPWVQU
%QPUWNVGNCUGEEKP+PVTQFWEEKPRCTCEQPQEGTNCRQUKEKPFGNVCRPFGXGPVKNCEKP
82 
 'ZVTCKICGNVCRPFGFTGPCLG
&2 [CDTCNCXNXWNCFGFTGPCLG
&O 
+IWCNOGPVGFTGPGGNCEGKVGSWKVCPFQNQUVCRQPGUFGFTGPCLG
GPNCXNXWNCFGTGVGPEKP
&2
GPNCECLCFGGPITCPCLGU
&2
 4GEQLCGNCEGKVGGPWPTGEKRKGPVG[GPVTIWGNQCNUGTXKEKQFGTGEQIKFCFGCEGKVG4GKPUVCNG[
CRTKGVGNQUVCRQPGUFGFTGPCLG[XGPVKNCEKPFGURWUFGNFTGPCLG
%KGTTGNCXNXWNCFGFTGPCLG
&O 
 &GUCVQTPKNNGNQURGTPQUFGNCVCRC
 [GZVTKICNC5CSWGGNGNGOGPVQFGNHKNVTQFGCKTGFGNC
ECLCFGNHKNVTQFGCEGKVG
1( +PUVCNGWPPWGXQHKNVTQFGCEGKVG.WDTKSWGEQPCEGKVGNCPWGXC
LWPVC+PUVCNGNCVCRC[CVQTPKNNGNQURGTPQU
 CNCECLCFGNHKNVTQFGCEGKVG
 'ZVTCKICGNVCRPFGNNGPCFQ
(% 
.NGPGGNFGRUKVQFGCKTG
#4 EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNEWGNNQFGNNGPCFQ
%WKFGFGSWGPQECKICUWEKGFCFGPGNUKUVGOC4GKPUVCNG[CRTKGVGGNVCRPFGNNGPCFQ
(% 
 *CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTGWPQU
OKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
 &GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRPFGNNGPCFQ
(% WPCUQNCXWGNVCRCTCRGTOKVKT
SWGGUECRGNCRTGUKPSWGRQFTCJCDGTUGCEWOWNCFQGPGNUKUVGOC'ZVTCKICGNVCRP
.NGPGGNFGRUKVQFGCKTGEQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNEWGNNQFGNNGPCFQ
#RTKGVGGNVCRPFGNNGPCFQ
 4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
7PCXG\TGCNK\CFCUVQFCUNCUCEEKQPGUFGUGTXKEKQEQPHQTOGCNRNCPFGUGTXKEKQ
EQTTGURQPFKGPVGTGUVCDNG\ECGNCXKUQFGUGTXKEKQ
EQPUWNVGNCUGEEKP/GP5GTXKEKQ 

 #NOCEGPCOKGPVQFGURWUFGNCKPUVCNCEKP

2TQEGFKOKGPVQ
2QPICGPOCTEJCGNEQORTGUQTRQTGLGORNQFQUXGEGUCNCUGOCPCJCUVCSWGUGECNKGPVG

5KGNEQORTGUQTUGXCCCNOCEGPCTUKPHWPEKQPCTFGXG\GPEWCPFQVQOGNCUOGFKFCU
FGRTQVGEEKPSWGEQTTGURQPFCP%QPUWNVGC#VNCU%QREQ

 ,WGIQUFGUGTXKEKQ
UGTXKEGMKVU

&GUETKREKP
5GGPEWGPVTCPFKURQPKDNGULWGIQUFGUGTXKEKQ
UGTXKEGMKVU SWGQHTGEGPNCUXGPVCLCUFGNCURKG\CU
QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOCPVKGPGPDCLQUWRTGUWRWGUVQFGOCPVGPKOKGPVQ.QU
LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG

5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG 0OGTQFGRGFKFQ


/QFGNQU)#85&[)#85&RCTC 
JQTCUFGHWPEKQPCOKGPVQ
/QFGNQU)#85&[)#85&RCTCMKVFG 
HKNVTQ.QPI.KHGRCTCJQTCUFG
HWPEKQPCOKGPVQ
HKNVTQFGCEGKVGRCTCJQTCU
FGHWPEKQPCOKGPVQ[HKNVTQUFGCKTGRCTC
JQTCUFGHWPEKQPCOKGPVQ

5GTXKEGMKV RCTCUGRCTCFQTFGCEGKVG

5GTXKEGMKV RCTCUGRCTCFQTFGCEGKVG 0OGTQFGRGFKFQ


/QFGNQU)#85&[)#85& 

#VNCU%QREQ4QVQ+PLGEV(NWKF
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG

0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
.CVCFGNKVTQU
75ICN+ORICN 
$CTTKNFGNKVTQU
75ICN+ORICN 

#VNCU%QREQ*&4QVQ(NWKF2NWU
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG

0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
$CTTKNFGNKVTQU
75ICN+ORICN 

#VNCU%QREQ4QVQ'ZVTGOG&WV[
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG

0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
.CVCFGNKVTQU
75ICN+ORICN 

#VNCU%QREQ(QQF)TCFG
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG

0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 
$CTTKNFGNKVTQU
75ICN+ORICN 


/CPWCNFGKPUVTWEEKQPGU

#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFGOGODTCPC
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG

0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN 


/CPWCNFGKPUVTWEEKQPGU

 #LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ

 (KNVTQFGCKTG

7DKECEKPFGNHKNVTQFGCKTG

(KNVTQFGCKTG)#85&[)#85&

4GEQOGPFCEKQPGU
 0QGZVTCKICPWPECGNGNGOGPVQEQPGNEQORTGUQTGPOCTEJC
 2CTCTGFWEKTCNOPKOQGNVKGORQFGRCTCFCFGNEQORTGUQTECODKGGNGNGOGPVQUWEKQRQTQVTQPWGXQ
 &GUGEJGEWCNSWKGTGNGOGPVQSWGGUVFCCFQ

2TQEGFKOKGPVQ
 2CTGGNEQORTGUQT&GUEQPGEVGGNXQNVCLG
 5WGNVGNCUCDTC\CFGTCUFGNHKNVTQFGCKTG
#( [GZVTCKICGNEQNGEVQTFGRQNXQ[GNGOGPVQHKNVTCPVGFG
CKTG.KORKGGNEQNGEVQT&GUGEJGGNGNGOGPVQHKNVTCPVG
 +PUVCNGGNPWGXQGNGOGPVQ[EQNGEVQT
 4GCTOGGNKPFKECFQTFGUGTXKEKQ
 CRTGVCPFQGNDQVPGPGNGZVTGOQFGNEWGTRQ
 4GCTOGGNCXKUQFGUGTXKEKQFGNHKNVTQFGCKTG
7PCXG\TGCNK\CFCUVQFCUNCUCEEKQPGUFGUGTXKEKQEQPHQTOGCNRNCPFGUGTXKEKQEQTTGURQPFKGPVG
TGUVCDNG\ECGNCXKUQFGUGTXKEKQ
EQPUWNVGNCUGEEKP/GP5GTXKEKQ 

 4GHTKIGTCFQTGU

.KORKG\C
/CPVGPICNKORKQUNQUTGHTKIGTCFQTGURCTCTGVGPGTNCGHKEKGPEKCFGTGHTKIGTCEKP
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTG


/CPWCNFGKPUVTWEEKQPGU

2CTGGNEQORTGUQTEKGTTGNCXNXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
%WDTCVQFCUNCURKG\CUFGDCLQFGNQUTGHTKIGTCFQTGU
'ZVTCKICGNFGHNGEVQTNCVGTCNSWGEWDTGGNEQORCTVKOGPVQFGNXGPVKNCFQT
'ZVTCKICVQFQGNRQNXQFGNQUTGHTKIGTCFQTGUEQPWPEGRKNNQFGEGTFCU%GRKNNGGPNCFKTGEEKPFGNCU
CNGVCUFGGPHTKCOKGPVQ
'NKOKPGVCODKPVQFQGNRQNXQFGNXGPVKNCFQTEQPWPEGRKNNQFGHKDTCU
5GIWKFCOGPVGUQRNGEQPCKTGEQORTKOKFQGPUGPVKFQQRWGUVQCNHNWLQPQTOCN7VKNKEGCKTGFGDCLC
RTGUKP5KGUPGEGUCTKQUGRWGFGKPETGOGPVCTNCRTGUKPJCUVCDCT
G 
RUKI 
5KGURTGEKUQSWGUGNKORKGPNQUTGHTKIGTCFQTGUEQPC[WFCFGWPFGVGTIGPVGEQPUWNVGC#VNCU%QREQ
4GVKTGGNRCQSWGJCWVKNK\CFQFWTCPVGNCNKORKG\C
%QNQSWGGNFGHNGEVQTNCVGTCNSWGEWDTGGNEQORCTVKOGPVQFGNXGPVKNCFQT
'PEQORTGUQTGUTGHTKIGTCFQURQTCIWC
%QPUWNVGC#VNCU%QREQRCTCNCNKORKG\C

 8NXWNCFGUGIWTKFCF

2QUKEKPFGXNXWNCFGUGIWTKFCF

/QFGNQU)#85&[)#85&

#EEKQPCOKGPVQ
#EEKQPGNCXNXWNCFGUGIWTKFCFFGUCVQTPKNNCPFQNCVCRCWPCQFQUXWGNVCU[CVQTPKNNPFQNCFGPWGXQ

2TWGDC
#PVGUFGSWKVCTNCXNXWNCFGURTGUWTKEGGNEQORTGUQT%QPUWNVGNCUGEEKP5QNWEKPFGRTQDNGOCU
.CXNXWNC
58 RWGFGRTQDCTUGGPWPCNPGCFGCKTGEQORTKOKFQUGRCTCFC5KPQUGCDTGNCXNXWNCCNC
RTGUKPKPFKECFCGPNCOKUOCEQPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

#XKUQ

0QUGRGTOKVGPKPIPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPNCXNXWNCFG
UGIWTKFCF


/CPWCNFGKPUVTWEEKQPGU

 5QNWEKPFGRTQDNGOCU

 5QNWEKPFGRTQDNGOCU

#XKUQ

#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVGRWNUGGNDQVP
FGRCTCFC[GURGTGJCUVCSWGUGRCTGGNEQORTGUQT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[RWNUGGNDQVPFGRTWGDCUQDTGNQUFKURQUKVKXQU
GNGEVTPKEQUFGFTGPCLGFGCIWCJCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG
[NCXNXWNCFGUCNKFCGUVEQORNGVCOGPVGFGURTGUWTK\CFQ
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC[FGUEQPGEVGGNXQNVCLG
&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRPFGNNGPCFQFGCEGKVGWPCXWGNVC
2CTCKPHQTOCTUGUQDTGGNGORNC\COKGPVQFGNQUEQORQPGPVGUEQPUWNVGNCU
UGEEKQPGU
+PVTQFWEEKP
5KUVGOCFGEQPFGPUCFQ
#TTCPSWGKPKEKCN
#DTC[DNQSWGGGNKPVGTTWRVQTUGRCTCFQT
.CXNXWNCFGUCNKFCFGCKTGRWGFGUGTDNQSWGCFCFWTCPVGGNOCPVGPKOKGPVQQ
TGRCTCEKQPGUFGNCOCPGTCUKIWKGPVG
%KGTTGNCXNXWNC
'ZVTCKICGNVQTPKNNQSWGUWLGVCGNOCPIQEQPNCNNCXGSWGUGGPVTGICEQPGN
EQORTGUQT
.GXCPVGGNOCPIQ[ITGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC
XNXWNCGPECLGGPNCTCPWTCFGNOCPIQ
+PUVCNGGNVQTPKNNQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

#PVGUFGNOCPVGPKOKGPVQOGEPKEQ

2WNUGGNDQVPFGRTWGDCUQDTGNQUFKURQUKVKXQUGNGEVTPKEQUFGFTGPCLGFGCIWC
JCUVCSWGGNUKUVGOCFGCKTGGPVTGGNTGEGRVQTFGCKTG[NCXNXWNCFGUCNKFCGUV
EQORNGVCOGPVGFGURTGUWTK\CFQ
2CTCEQPQEGTNCWDKECEKPFGNQUEQORQPGPVGUEQPUWNVGNCUGEEKP5KUVGOCFG
EQPFGPUCFQ

#PVGUFGNOCPVGPKOKGPVQGNEVTKEQ

'URGTGWPOPKOQFGOKPWVQUCPVGUFGGORG\CTEWCNSWKGTTGRCTCEKPGNEVTKEC[C
SWGWPCXG\FGUEQPGEVCFQGNXQNVCLGNQUEQPFGPUCFQTGUFGNCWPKFCFFGTGIWNCEKP
FGXGNQEKFCF[CTTCPSWGTGVKGPGPNCCNVCVGPUKPFWTCPVGOKPWVQUOU

(CNNQU[UQNWEKQPGU
5KGN.'&FGCNCTOCGUVGPEGPFKFQQRCTRCFGCEQPUWNVGNCUUGEEKQPGU/GP&CVQUFGGUVCFQ[/GP
5GTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

 %QPFKEKP (CNNQ 5QNWEKP


'NUGRCTCFQTFGEQPFGPUCFQPQ 6WDQHNGZKDNGFGFGUECTIC %QORTWGDG[TGRCTGUGIP
FGUECTICEQPFGPUCFQFWTCPVG CVCUECFQ UGCPGEGUCTKQ
NCECTIC

 %QPFKEKP (CNNQ 5QNWEKP


.CUCNKFCFGCKTGFGNEQORTGUQT 'NEQPUWOQFGCKTGGZEGFGGN %QORTWGDGGNGSWKRQ
QNCRTGUKPGUKPHGTKQTCNQ UWOKPKUVTQFGNEQORTGUQT EQPGEVCFQ
PQTOCN
'NGOGPVQHKNVTCPVGCKTGQDUVTWKFQ %CODKGGNGNGOGPVQHKNVTCPVG
#XGTKCFCNCXNXWNCFGUQNGPQKFG 4GGORNCEGNCXNXWNC
5GRCTCFQTFGCEGKVGQDUVTWKFQ *CICSWGUGTGGORNCEGGN
GNGOGPVQ
(WICUFGCKTG *CICSWGTGRCTGPNCUHWICU
.CXNXWNCFGUGIWTKFCFVKGPG 5WUVKVW[CNCXNXWNC
HWICU
#XGTKCFQGNGNGOGPVQ %QPUWNVGCN%GPVTQFG
EQORTGUQT 5GTXKEKQC%NKGPVGUFG#VNCU
%QREQ

 %QPFKEKP (CNNQ 5QNWEKP


'ZRWNUKQPGUFGNCXNXWNCFG #XGTCFGNCXNXWNCFGRTGUKP %QORTWGDG[TGGORNCEGNCU
UGIWTKFCF OPKOC RKG\CUFGHGEVWQUCU
#VCUECFQGNGNGOGPVQUGRCTCFQT 4GGORNCEGGNGNGOGPVQ
FGCEGKVG
5GRCTCFQTFGCEGKVGQDUVTWKFQ *CICSWGUGTGGORNCEGGN
GNGOGPVQ
#XGTKCFCNCXNXWNCFG %QORTWGDGNCXNXWNC
UGIWTKFCF 4GGORNCEGUKGUPGEGUCTKQ
'PEQORTGUQTGU(WNN(GCVWTG 2PICUGGPEQPVCEVQEQP
VWDGTCFGNUGECFQTQDVWTCFC #VNCU%QREQRCTCSWGTGXKUG
FGDKFQCNCHQTOCEKPFGJKGNQ GNUKUVGOCFGTGHTKIGTCEKP


/CPWCNFGKPUVTWEEKQPGU

 %QPFKEKP (CNNQ 5QNWEKP


6GORGTCVWTCFGUCNKFCFGN 0KXGNFGCEGKVGFGOCUKCFQDCLQ %QORTWGDG[EQTTKLC
GNGOGPVQEQORTGUQTQFGNCKTG
FGUWOKPKUVTQUWRGTKQTCNQ
PQTOCN
'PEQORTGUQTGUTGHTKIGTCFQU $WUSWGNCTGUVTKEEKPFGNCKTG
RQTCKTGCKTGFGTGHTKIGTCEKP FGTGHTKIGTCEKPQOGLQTGNC
KPUWHKEKGPVGQFGOCUKCFQCNVCNC XGPVKNCEKPFGNCUCNC'XKVG
VGORGTCVWTCFGNOKUOQ NCTGEKTEWNCEKPFGNCKTGFG
TGHTKIGTCEKP5KUGJCNNC
KPUVCNCFQWPXGPVKNCFQTGPNC
UCNCFGNEQORTGUQT
EQORTWGDGUWECRCEKFCF
'PEQORTGUQTGUTGHTKIGTCFQU #WOGPVGGNHNWLQ
RQTCIWCHNWLQFGCIWCFG
TGHTKIGTCEKPFGOCUKCFQDCLQ
'PEQORTGUQTGUTGHTKIGTCFQU %QPUWNVGCN%GPVTQFG
RQTCIWCQDUVTWEEKPGPGN 5GTXKEKQC%NKGPVGUFG#VNCU
UKUVGOCFGCIWCFG %QREQ
TGHTKIGTCEKP
#VCUECFQGNTGHTKIGTCFQTFG .KORKGGNTGHTKIGTCFQT
CEGKVG
/CNHWPEKQPCOKGPVQFGNC *CICSWGUGRTWGDGNC
XNXWNCFGFGTKXCEKP XNXWNC
4GHTKIGTCFQTFGCKTGQDVWTCFQ .KORKGGNTGHTKIGTCFQT
#XGTKCFQGNGNGOGPVQ %QPUWNVGCN%GPVTQFG
EQORTGUQT 5GTXKEKQC%NKGPVGUFG#VNCU
%QREQ


/CPWCNFGKPUVTWEEKQPGU

 &CVQUVEPKEQU

 +PFKECEKQPGUGPGNFKURNC[

&KURNC[FGNTGIWNCFQT'NGMVTQPKMQP

4GIWNCFQT'NGMVTQPKMQP++

+ORQTVCPVG

.CUNGEVWTCUOGPEKQPCFCUCPVGTKQTOGPVGUQPXNKFCUDCLQNCUEQPFKEKQPGUFG
TGHGTGPEKC
XCUGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU 

4GHGTGPEKC .GEVWTC
2TGUKPFGUCNKFCFG &GRGPFGFGNRWPVQFGCLWUVG
RTGUKPFGUGCFCFGNCTGF 
CKTG
6GORGTCVWTCFGUCNKFC #RTQZu%
u( UWRGTKQTCNCVGORGTCVWTCCODKGPVG
FGNGNGOGPVQ
EQORTGUQT
6GORGTCVWTCFGNRWPVQ #RTQZu%
u( 
FGTQEQ
6GORGTCVWTCFGUCNKFC #RTQZu%
u( 
FGNCIWCFG
TGHTKIGTCEKP

EQORTGUQTGU
TGHTKIGTCFQURQTCIWC


/CPWCNFGKPUVTWEEKQPGU

 6COCQFGECDNGUGNEVTKEQU

#VGPEKP

.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPOUGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU
CDCLQ
.CECFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC
PGEGUCTKQWVKNK\CTECDNGUFGVCOCQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
GUVCGZKIGPEKC
7UGNCGPVTCFCRCTCECDNGQTKIKPCN%QPUWNVGNCUGEEKP&KDWLQUFGFKOGPUKQPGU
'NXQNVCLGGPNQUDQTPGUFGNEQORTGUQTPQRWGFGFGUXKCTUGGPOUFGWPFGN
XQNVCLGPQOKPCN

6COCQFGECDNGU
/PKOQRCTCECDNGUFGCNKOGPVCEKPFGXCTKQUPENGQUCu%
u(

)#85& )#85& )#85& )#85&


9QTMRNCEG 9QTMRNCEG (WNN(GCVWTG (WNN(GCVWTG
%CDNGGP %CDNGCNCKTG %CDNGGP %CDNGCNCKTG
EQPFWEVQ NKDTG EQPFWEVQ NKDTG
(TGEWGPEKC 8QNVCLG 6COCQFG 6COCQFG 6COCQFG 6COCQFG

*\
8 ECDNGU ECDNGU ECDNGU ECDNGU
+'% OO OO OO OO
  Z Z Z Z
Z Z
  Z Z Z Z
  Z Z Z Z
Z Z

/PKOQRCTCECDNGUFGCNKOGPVCEKPFGXCTKQUPENGQUCu%
u(

)#85& )#85& )#85& )#85&


9QTMRNCEG 9QTMRNCEG (WNN(GCVWTG (WNN(GCVWTG
%CDNGGP %CDNGCNCKTG %CDNGGP %CDNGCNCKTG
EQPFWEVQ NKDTG EQPFWEVQ NKDTG
(TGEWGPEKC 8QNVCLG 6COCQFG 6COCQFG 6COCQFG 6COCQFG

*\
8 ECDNGU ECDNGU ECDNGU ECDNGU
+'% OO OO OO OO
  Z Z Z Z
Z Z
  Z Z Z Z
Z Z
  Z Z Z Z
Z Z


/CPWCNFGKPUVTWEEKQPGU

/PKOQRCTCECDNGUFGCNKOGPVCEKPFGXCTKQUPENGQUCu%
u(

)#85& )#85& )#85& )#85&


9QTMRNCEG (WNN(GCVWTG 9QTMRNCEG (WNN(GCVWTG
%CDNGGP %CDNGGP %CDNGGP %CDNGGP
EQPFWEVQ EQPFWEVQ EQPFWEVQ EQPFWEVQ
(TGEWGPEKC 8QNVCLG 6COCQFG 6COCQFG 6COCQFG 6COCQFG

*\
8 ECDNGU ECDNGU ECDNGU ECDNGU
%5#7. #9) #9) #9) #9)
  Z#9) Z#9) Z#9) Z#9)
Z#9) Z#9) Z#9) Z#9)
  Z#9) Z#9) Z#9) Z#9)
Z#9) Z#9) Z#9) Z#9)

 #LWUVGUFGNFKU[WPVQTFGNOQVQTFGNXGPVKNCFQT

&KU[WPVQT

)#85& )#85&
(TGEWGPEKC
*\ 8QNVCLG
8 &KU[WPVQTFGNOQVQT &KU[WPVQTFGNOQVQT
FGNXGPVKNCFQT3
# FGNXGPVKNCFQT3
#
+'%
   
   
   
%5#7.
   
   

 #LWUVGUFGNQUHWUKDNGU

(WUKDNGU
2CTCNCUWPKFCFGU+'%
%QPUWNVGNCUGEEKP6COCQFGECDNGUGNEVTKEQU[NCVCDNCSWGUGOWGUVTCCEQPVKPWCEKPRCTCEQPQEGT
GNXCNQTEQTTGEVQFGHWUKDNGU

6COCQFGECDNGU (WUKDNG
OO
#
 
 
 
 
 


/CPWCNFGKPUVTWEEKQPGU

2CTCNCUWPKFCFGU%5#7.

)#85& )#85&(WNN )#85& )#85&(WNN


9QTMRNCEG (GCVWTG 9QTMRNCEG (GCVWTG
(TGEWGPEK 8QNVCLG (WUKDNGU (WUKDNGU (WUKDNGU (WUKDNGU
C
*\
8
%5#7. %5#*4% %5#*4% %5#*4% %5#*4%
(QTOWNCTKQ++7. (QTOWNCTKQ++7. (QTOWNCTKQ++7. (QTOWNCTKQ++7.
%NCUG %NCUG %NCUG %NCUG
     
     

 %QPFKEKQPGUFGTGHGTGPEKC[NKOKVCEKQPGU

%QPFKEKQPGUFGTGHGTGPEKC

2TGUKP
CDUQNWVC FGGPVTCFCFGCKTG DCT 
2TGUKP
CDUQNWVC FGGPVTCFCFGCKTG RUK 
6GORGTCVWTCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCFGGPVTCFCFGCKTG u( 
*WOGFCFTGNCVKXC  
2TGUKPFGVTCDCLQRCTC)#[)#85& %QPUWNVGNCUGEEKP&CVQUFGN
EQORTGUQT

'PWPKFCFGUTGHTKIGTCFCURQTCIWCVCODKP
6GORGTCVWTCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP u% 
6GORGTCVWTCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP u( 

.OKVGU

2TGUKPFGVTCDCLQOZKOCRCTC)#C)#85& %QPUWNVGNCUGEEKP&CVQUFGN
EQORTGUQT
2TGUKPOPKOCFGVTCDCLQ DCT
G 
2TGUKPOPKOCFGVTCDCLQ RUKI 
6GORGTCVWTCOZKOCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCOZKOCFGGPVTCFCFGCKTG u( 
6GORGTCVWTCOPKOCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCOPKOCFGGPVTCFCFGCKTG u( 


/CPWCNFGKPUVTWEEKQPGU

'PWPKFCFGUTGHTKIGTCFCURQTCIWCVCODKP
6GORGTCVWTCOZKOCFGUCNKFCFGNCIWCFG u% 
TGHTKIGTCEKP
6GORGTCVWTCOZKOCFGUCNKFCFGNCIWCFG u( 
TGHTKIGTCEKP
2TGUKPOZKOCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP DCT
G 
2TGUKPOZKOCFGGPVTCFCFGNCIWCFGTGHTKIGTCEKP RUKI 

 &CVQUFGNEQORTGUQT

0QVC

6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKPUGCRNKECPDCLQEQPFKEKQPGUFG
TGHGTGPEKCEQPUWNVGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU

)#85&

7PKFCF DCT DCT DCT


RUK RUK RUK
(TGEWGPEKC *\   
  
0OGTQFGGVCRCUFGEQORTGUKP   
2TGUKPGHGEVKXCPQTOCNFGVTCDCLQ DCT
G   
2TGUKPGHGEVKXCPQTOCNFGVTCDCLQ RUKI   
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ DCT
G   
9QTMRNCEG
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ RUKI   
9QTMRNCEG
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ DCT
G   
9QTMRNCEG(WNN(GCVWTG
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ RUKI   
9QTMRNCEG(WNN(GCVWTG
8GNQEKFCFOZKOCFGNGLGFGNOQVQT TRO   
8GNQEKFCFOPKOCFGNGLGFGNOQVQT TRO   
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u%   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u(   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u%   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
(WNN(GCVWTG
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u(   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT


RUK RUK RUK
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
6KRQFGTGHTKIGTCPVG9QTMRNCEG(WNN 4C 4C 4C
(GCVWTG
%CPVKFCFVQVCN
TGHTKIGTCPVG 9QTMRNCEG MI   
(WNN(GCVWTG
%CPVKFCFVQVCN
TGHTKIGTCPVG 9QTMRNCEG ND   
(WNN(GCVWTG
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP NOKP   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
KPHGTKQTCu%[WPCWOGPVQFG
VGORGTCVWTCFGu% WPKFCFGU
TGHTKIGTCFCURQTCIWC


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT


RUK RUK RUK
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP EHO   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
KPHGTKQTCu([WPCWOGPVQFG
VGORGTCVWTCFGu( WPKFCFGU
TGHTKIGTCFCURQTCIWC
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP NOKP   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
GPVTG[u%[WPCWOGPVQFG
VGORGTCVWTCFGu% WPKFCFGU
TGHTKIGTCFCURQTCIWC
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP EHO   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
GPVTG[u([WPCWOGPVQFG
VGORGTCVWTCFGu( WPKFCFGU
TGHTKIGTCFCURQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ N   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ 75ICN   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ +ORICN   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ EWHV   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ N   
RQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ 75ICN   
RQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ +ORICN   
RQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ EWHV   
RQTCIWC
0KXGNFGRTGUKPCEUVKECXCTKCPVGUFG F$
#   
*\TGHTKIGTCFCURQTCKTG
EQPHQTOGC
+51

0KXGNFGRTGUKPCEUVKECXCTKCPVGUFG F$
#   
*\TGHTKIGTCFCURQTCKTG
EQPHQTOGC
+51

0KXGNFGRTGUKPCEUVKECXCTKCPVGUFG F$
#   
*\TGHTKIGTCFCURQTCIWC
EQPHQTOGC
+51

0KXGNFGRTGUKPCEUVKECXCTKCPVGUFG F$
#   
*\TGHTKIGTCFCURQTCIWC
EQPHQTOGC
+51



/CPWCNFGKPUVTWEEKQPGU

)#85&

7PKFCF DCT DCT DCT


RUK RUK RUK
(TGEWGPEKC *\   
  
0OGTQFGGVCRCUFGEQORTGUKP   
2TGUKPGHGEVKXCPQTOCNFGVTCDCLQ DCT
G   
2TGUKPGHGEVKXCPQTOCNFGVTCDCLQ RUKI   
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ DCT
G   
9QTMRNCEG
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ RUKI   
9QTMRNCEG
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ DCT
G   
9QTMRNCEG(WNN(GCVWTG
2TGUKPGHGEVKXCOZKOCFGVTCDCLQ RUKI   
9QTMRNCEG(WNN(GCVWTG
8GNQEKFCFOZKOCFGNGLGFGNOQVQT TRO   
8GNQEKFCFOPKOCFGNGLGFGNOQVQT TRO   
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u%   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u(   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u%   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
(WNN(GCVWTG
6GORGTCVWTCFGNCKTGSWGUCNGFGNC u(   
XNXWNCFGUCNKFC
CRTQZ 9QTMRNCEG
(WNN(GCVWTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCKTG
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCIWC


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT


RUK RUK RUK
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ M9   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG
*\ JR   
TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN M9   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
2QVGPEKCCNKOGPVCFC9QTMRNCEG(WNN JR   
(GCVWTG
*\TGHTKIGTCFQRQTCIWC
6KRQFGTGHTKIGTCPVG9QTMRNCEG(WNN 4C 4C 4C
(GCVWTG
%CPVKFCFVQVCN
TGHTKIGTCPVG 9QTMRNCEG MI   
(WNN(GCVWTG
%CPVKFCFVQVCN
TGHTKIGTCPVG 9QTMRNCEG ND   
(WNN(GCVWTG
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP NOKP   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
KPHGTKQTCu%[WPCWOGPVQFG
VGORGTCVWTCFGu% WPKFCFGU
TGHTKIGTCFCURQTCIWC
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP EHO   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
KPHGTKQTCu([WPCWOGPVQFG
VGORGTCVWTCFGu( WPKFCFGU
TGHTKIGTCFCURQTCIWC
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP NOKP   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
GPVTG[u%[WPCWOGPVQFG
VGORGTCVWTCFGu% WPKFCFGU
TGHTKIGTCFCURQTCIWC
%QPUWOQFGCIWCFGTGHTKIGTCEKP
EQP EHO   
WPCVGORGTCVWTCFGGPVTCFCFGNCIWC
GPVTG[u([WPCWOGPVQFG
VGORGTCVWTCFGu( WPKFCFGU
TGHTKIGTCFCURQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ N   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ 75ICN   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ +ORICN   
RQTCKTG
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ EWHV   
RQTCKTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT


RUK RUK RUK
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ N   
RQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ 75ICN   
RQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ +ORICN   
RQTCIWC
%CRCEKFCFFGCEGKVGCRTQZ
TGHTKIGTCFQ EWHV   
RQTCIWC
0KXGNFGRTGUKPCEUVKECXCTKCPVGUFG F$
#   
*\
EQPHQTOGC+51

0KXGNFGRTGUKPCEUVKECXCTKCPVGUFG F$
#   
*\
EQPHQTOGC+51



/CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGURCTCGNWUQFGNFGRUKVQFGCKTG

 +PUVTWEEKQPGUFGNFGRUKVQFGCKTG

+PUVTWEEKQPGU

 'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN
SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
 'UVGTGEKRKGPVGUGWUCTPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG
[HWPEKQPCTFGPVTQFGNQUNOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
 0QFGDGOQFKHKECTGUVGTGEKRKGPVGEQPRTQEGFKOKGPVQOGEPKEQCNIWPQ[CUGC
UQNFCPFQVCNCFTCPFQQEWCNSWKGTQVTQOVQFQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
 5GKPFKECTPENCTCOGPVGNCRTGUKP[VGORGTCVWTCFGGUVGTGEKRKGPVG
 .CXNXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTCPUKVQTKQUFGRTGUKPFG
XGEGUNCOZKOCRTGUKPRGTOKUKDNGFGVTCDCLQ&GDGICTCPVK\CTSWGNCRTGUKPPQ
GZEGFGTRGTOCPGPVGOGPVGNCOZKOCRTGUKPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
 7VKNKEGUNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKECPVG
 'UVGTGEKRKGPVGUGJCFKUGCFQ[HCDTKECFQEQPGNHKPFGICTCPVK\CTWPCXKFCFGUGTXKEKQ
FGOUFGCQU[WPPOGTQKPHKPKVQFGEKENQUFGECTICFGRTGUKP2QTNQVCPVQPQ
JC[PGEGUKFCFKORNEKVCFGTGCNK\CTKPURGEEKQPGUFGUGTXKEKQFGNTGEKRKGPVGUKUVGUG
WVKNK\CFGPVTQFGNQUNOKVGUFGFKUGQ[NQUHKPGUFGWUQRTGXKUVQU0QQDUVCPVGGU
RQUKDNGSWGNCNGIKUNCEKPFGECFCRCUQDNKIWGCTGCNK\CTKPURGEEKQPGUFGUGTXKEKQ
 5GWUCTPPKECOGPVGRGTPQUQTKIKPCNGUFGURWUFGCDTKTRCTCWPCKPURGEEKP&GDGT
EQPUKFGTCTUGGNRCTOZKOQRCTCRGTPQU/0O
 NDHHV
 
RCTCRGTPQU/0O
 NDHHV
 


/CPWCNFGKPUVTWEEKQPGU

 2'&

 &KTGEVKXCUFGNGSWKRQFGRTGUKP

%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP%'UWRGTKQTGUQGSWKXCNGPVGUCNC
ECVGIQTC++

6KRQFGEQORTGUQT 0OGTQFGRKG\C &GUETKREKP %NCUGFG2'&


/QFGNQU)#85&[)#  8NXWNCFGUGIWTKFCF +8
85&
 8NXWNCFGUGIWTKFCF +8
 8NXWNCFGUGIWTKFCF +8
 8NXWNCFGUGIWTKFCF +8
 4GEKRKGPVG ++

%NCUKHKECEKPIGPGTCN
.QUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP
2'& %CVGIQTC++


GA 75 VSD, GA 90 VSD

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.