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Manual Compresor Atlas Copco Nuevo PDF
Manual Compresor Atlas Copco Nuevo PDF
GA 15, GA 18, GA 22
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2TGECWEKQPGUFGUGIWTKFCFFWTCPVGKPUVCNCEKP
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OCPGLQOCPVGPKOKGPVQQTGRCTCEKPCWPSWGPQUGJC[COGPEKQPCFQ
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VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
5KEWCNSWKGTKPFKECEKPFGNCUSWGUGEKVCPCEQPVKPWCEKPPQEWORNKGTCEQPNCNGIKUNCEKPNQECNUG
CRNKECTNCOUGUVTKEVC
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0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVGQEQORTQDCEKPFKUVKPVCFGNC
CVGPEKPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGOUUGCDTKT[UGDNQSWGCTGNKPVGTTWRVQTUGRCTCFQTFG
GPGTICGNEVTKEC
0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
JICNQEQPOWEJQEWKFCFQ[RTQVLCUGNQUQLQU
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2TGECWEKQPGUFWTCPVGNCKPUVCNCEKP
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GPOCVGTKCFGUGIWTKFCF6QFCUNCURKG\CUUWGNVCUQRKXQVCPVGUFGDGPUWLGVCTUGEQPUGIWTKFCFCPVGU
FGNGXCPVCT'UVVGTOKPCPVGOGPVGRTQJKDKFQSWGFCTUGQRCUCTGPNC\QPCFGTKGUIQRQTFGDCLQFG
WPCECTICNGXCPVCFC.CCEGNGTCEKP[FGUCEGNGTCEKPFGGNGXCEKPFGDGPCLWUVCTUGCNQUNOKVGUFG
UGIWTKFCF2PICUGGNECUEQFGUGIWTKFCFCNVTCDCLCTEGTECFGGSWKRQGNGXCFQTQCTGQ
%QNQSWGNCOSWKPCFQPFGGNCKTGCODKGPVGUGCNQOUHTGUEQ[NKORKQRQUKDNG5KGUPGEGUCTKQ
KPUVCNGWPEQPFWEVQFGUWEEKP0WPECQDUVTW[CNCVQOCFGCKTG&GDGTGFWEKTUGCNOPKOQNC
GPVTCFCFGNCJWOGFCFSWGCEQORCCCNCKTGFGCURKTCEKP
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VWDGTCU
.CUOCPIWGTCUFGCKTGFGDGTPUGTFGNVCOCQEQTTGEVQ[CFGEWCFCUCNCRTGUKPFGVTCDCLQ0WPEC
WUGOCPIWGTCUFGUICUVCFCUFGVGTKQTCFCUQFGUJKNCEJCFCU.CUVWDGTCUFGFKUVTKDWEKP[UWU
EQPGZKQPGUFGDGTPUGTFGNVCOCQEQTTGEVQ[CFGEWCFCUCNCRTGUKPFGVTCDCLQ
'NCKTGCURKTCFQGUVCTNKDTGFGJWOQUQXCRQTGUKPHNCOCDNGURGLFKUQNXGPVGUFGRKPVWTCSWG
RQFTCPRTQFWEKTWPKPEGPFKQQGZRNQUKPKPVGTPC
%QNQSWGNCVQOCFGCKTGGPWPUKVKQFQPFGPQRWGFCCURKTCTTQRCUUWGNVCUFGNCURGTUQPCU
%QORTWGDGSWGNCVWDGTCFGFGUECTICSWGXCFGUFGGNEQORTGUQTCNTGHTKIGTCFQTRQUVGTKQTQCNCTGF
FGCKTGRWGFGFKNCVCTRQTGHGEVQUFGNECNQT[PQGUVGPEQPVCEVQEQPOCVGTKCNKPHNCOCDNGQEGTECFG
UVG
0QUGRWGFGGLGTEGTPKPIWPCHWGT\CGZVGTPCUQDTGNCXNXWNCFGUCNKFCFGCKTGGNVWDQEQPGEVCFQPQ
RWGFGGUVCTUQOGVKFQCGUHWGT\Q
5KUGKPUVCNCWPEQPVTQNTGOQVQNCOSWKPCNNGXCTWPECTVGNGPRQUKEKPXKUKDNGKPFKECPFQ2'.+)41
'UVCOSWKPCVKGPGEQPVTQNTGOQVQ[RWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'NQRGTCFQTFGDGCUGIWTCTUGFGSWGNCOSWKPCGUVRCTCFC[FGSWGGNKPVGTTWRVQTUGRCTCFQTGUV
CDKGTVQ[DNQSWGCFQCPVGUFGTGCNK\CTEWCNSWKGTOCPVGPKOKGPVQQTGRCTCEKP2CTCOC[QTUGIWTKFCF
NCURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUVXGTKHKECPFQNCOSWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECTWPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
.CUOSWKPCUTGHTKIGTCFCURQTCKTGFGDGPKPUVCNCTUGFGOCPGTCSWGUGFKURQPICFGWPHNWLQ
CFGEWCFQFGCKTGFGTGHTKIGTCEKP[SWGGNCKTGFGGUECRGPQTGEKTEWNGCNCGPVTCFC
.CUEQPGZKQPGUGNEVTKECUFGDGPTGCNK\CTUGFGCEWGTFQEQPNQUEFKIQUNQECNGU.CKPUVCNCEKPFGDG
TGCNK\CTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUGPVQFCUNCUHCUGU&GDG
KPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTFGGPGTICGNEVTKECEQPEKGTTGEGTECFGNEQORTGUQT
'POSWKPCUEQPUKUVGOCFGCTTCPSWGRCTCFCCWVQOVKEQQUKGUVCEVKXCFCNCHWPEKPFG
TGCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLGUGHKLCTEGTECFGNVCDNGTQFG
KPUVTWOGPVQUWPECTVGNSWGFKIC'UVCOSWKPCRWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'PNQUUKUVGOCUHQTOCFQURQTXCTKQUEQORTGUQTGUFGDGPKPUVCNCTUGXNXWNCUOCPWCNGURCTCCKUNCT
ECFCEQORTGUQT0QFGDGEQPHKCTUGGPNCUXNXWNCUCPVKTTGVQTPQ
XNXWNCUFGTGVGPEKPRCTCCKUNCT
UKUVGOCUCRTGUKP
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCOSWKPC%CFCTGEKRKGPVGCRTGUKPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
OSWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKPUWRGTKQTCNCCVOQUHTKECUGRTQVGIGTEQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKPUKGUVQHWGTCPGEGUCTKQ
&GDGRTQVGIGTQCKUNCTNCUVWDGTCUWQVTCURCTVGUSWGCNECPEGPVGORGTCVWTCUUWRGTKQTGUCNQUu%
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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
.QUOQFGNQU)#C)#UQPEQORTGUQTGUFGVQTPKNNQFGGVCRCPKECEQPKP[GEEKPFGCEGKVG[
CEEKQPCOKGPVQRQTOQVQTGNEVTKEQ.QUEQORTGUQTGUGUVPTGHTKIGTCFQURQTCKTG
)#2CEM
.QU)#2CEMXCPCNQLCFQUFGPVTQFGWPCECTTQEGTCKPUQPQTK\CPVG.QUEQORTGUQTGUGUVPEQPVTQNCFQU
RQTGNTGIWNCFQT'NGMVTQPKMQPs+FG#VNCU%QREQ'NOFWNQFGEQPVTQNGNGEVTPKEQGUVKPUVCNCFQGPNC
RWGTVCRQTGNNCFQFGNCPVGTQ&GVTUFGFKEJQRCPGNUGJCNNCWPCTOCTKQGNEVTKEQSWGGPEKGTTCGN
CTTCPECFQTFGNOQVQT
8KUVCFGNCPVGTCFG)#C)#2CEMOQPVCFQUQDTGUWGNQ
.QUEQORTGUQTGUOQPVCFQUUQDTGUWGNQUGKPUVCNCPFKTGEVCOGPVGGPGNUWGNQ
/CPWCNFGKPUVTWEEKQPGU
8KUVCFGNCPVGTCFG)#C)#2CEMOQPVCFQUQDTGFGRUKVQ
.QUOQFGNQU)#C)#OQPVCFQUUQDTGFGRUKVQUGKPUVCNCPUQDTGWPFGRUKVQFGCKTGFGITCP
ECRCEKFCF
#4FGN
ICNEWHV
4GHGTGPEKC &GUKIPCEKP
#( (KNVTQFGCKTG
#4 4GEGRVQTFGCKTG
#8 8NXWNCFGUCNKFCFGCKTG
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
&O 2WPVQFGFTGPCLGOCPWCNFGRUKVQFGCKTG
'4 4GIWNCFQT'NGMVTQPKMQP+
/ /QVQTFGCEEKQPCOKGPVQ
/6 %QNGEVQTFGEQPFGPUCFQ
1( (KNVTQFGCEGKVG
15 5GRCTCFQTFGCEGKVG
16 &GRUKVQFGCEGKVG
5 $QVPFGRCTCFCFGGOGTIGPEKC
)#(WNN(GCVWTG
.QU)#(WNN(GCVWTG
((GUVPEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs+FG#VNCU%QREQ#FGOU
GUVPFQVCFQUFGWPUGECFQTFGCKTGKPVGITCFQGPNCECTTQEGTCKPUQPQTK\CPVG'NUGECFQTGNKOKPCGN
EQPFGPUCFQFGNCKTGEQORTKOKFQGPHTKPFQNQCEGTECFGNRWPVQFGEQPIGNCEKP[RWTICPFQ
CWVQOVKECOGPVGGNEQPFGPUCFQ
/CPWCNFGKPUVTWEEKQPGU
8KUVCFGNCPVGTCFG)#C)#(WNN(GCVWTGOQPVCFQUQDTGUWGNQ
.QUEQORTGUQTGUOQPVCFQUUQDTGUWGNQUGKPUVCNCPFKTGEVCOGPVGGPGNUWGNQ
8KUVCFGNCPVGTCFG)#C)#(WNN(GCVWTGOQPVCFQUQDTGFGRUKVQ
.QUOQFGNQU)#C)#OQPVCFQUUQDTGFGRUKVQUGKPUVCNCPUQDTGWPFGRUKVQFGCKTGFGITCP
ECRCEKFCF
#4FGN
ICNEWHV
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKC &GUKIPCEKP
#( (KNVTQFGCKTG
#4 4GEGRVQTFGCKTG
#8 8NXWNCFGUCNKFCFGCKTG
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
&O 2WPVQFGFTGPCLGOCPWCNFGRUKVQFGCKTG
&4 5GECFQT
'4 4GIWNCFQT'NGMVTQPKMQP+
/ /QVQTFGCEEKQPCOKGPVQ
1( (KNVTQFGCEGKVG
15 5GRCTCFQTFGCEGKVG
16 &GRUKVQFGCEGKVG
5 $QVPFGRCTCFCFGGOGTIGPEKC
/CPWCNFGKPUVTWEEKQPGU
(NWLQFGCKTG
&KCITCOCUFGHNWLQ
&KCITCOCFGHNWLQ)#2CEM
/CPWCNFGKPUVTWEEKQPGU
&KCITCOCFGHNWLQ)#(WNN(GCVWTG
4GHGTGPEKC &GUETKREKP
# 6QOCFGCKTG
$ /G\ENCFGCKTGCEGKVG
% #EGKVG
& #KTGEQORTKOKFQJOGFQ
( %QPFGPUCFQ
) #KTGEQORTKOKFQUGEQ
/CPWCNFGKPUVTWEEKQPGU
&GUETKREKP
'NCKTGGUCURKTCFQCVTCXUFGNHKNVTQ
#([NCXNXWNCFGGPVTCFCCDKGTVC
+8GPGNGNGOGPVQEQORTGUQT
'FQPFGUGEQORTKOG'NCKTGEQORTKOKFQ[GNHNWLQFGCEGKVGRCUCPCNFGRUKVQFGCEGKVG
16'NCKTGUG
FGUECTICCVTCXUFGNCXNXWNCFGUCNKFC
#8OGFKCPVGNCXNXWNCFGRTGUKPOPKOC
8R[GN
TGHTKIGTCFQTFGCKTG
%C
.CUWPKFCFGU2CEMKPENW[GPWPEQNGEVQTFGEQPFGPUCFQ
/6
'PNQUEQORTGUQTGU(WNN(GCVWTGGNCKTGRCUCCVTCXUFGNUGECFQTFGCKTG
&4CPVGUFGFGUECTICTUGC
VTCXUFGNCXNXWNCFGUCNKFC
#88CUGVCODKPNCUGEEKP5GECFQTFGCKTG+(&
5KUVGOCFGCEGKVG
&KCITCOCFGHNWLQ
5KUVGOCFGCEGKVG
4GHGTGPEKCU &GUETKREKP
2CTCWPKFCFGU2CEMHNWLQFGCKTGEQORTKOKFQCNEQNGEVQTFGEQPFGPUCFQ
2CTCWPKFCFGU(WNN(GCVWTGHNWLQFGCKTGEQORTKOKFQCNUGECFQTFGCKTG
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKCU &GUETKREKP
# 6QOCFGCKTG
$ /G\ENCFGCKTGCEGKVG
% #EGKVG
& #KTGEQORTKOKFQJOGFQ
( %QPFGPUCFQ
&GUETKREKP
'PGNFGRUKVQFGCEGKVG
16NCOC[QTRCTVGFGNCEGKVGUGUGRCTCFGHQTOCEGPVTHWICFGNCOG\ENCFG
CKTGCEGKVG'NTGUVQNQTGVKTCGNUGRCTCFQTFGCEGKVG
15'NCEGKVGUGTGEQIGGPNCRCTVGKPHGTKQTFGN
FGRUKVQFGCEGKVG
16
.CRTGUKPFGNCKTGHWGT\CGNCEGKVGFGUFGGNFGRUKVQ
16CVTCXUFGNTGHTKIGTCFQT
%Q[HKNVTQ
1(CN
GNGOGPVQEQORTGUQT
'[NQURWPVQUFGNWDTKECEKP
.CXNXWNCFGFGTKXCEKPVGTOQUVVKEC
$8GORKG\CCCDTKTGNUWOKPKUVTQFGCEGKVGFGNTGHTKIGTCFQT
%QCN
UWDKTNCVGORGTCVWTCFGNCEGKVGCNRWPVQFGCLWUVG#WPQUu%
(RQTGPEKOCFGNRWPVQFGCLWUVG
VQFQGNCEGKVGRCUCRQTGNTGHTKIGTCFQT
5KUVGOCFGTGHTKIGTCEKP
&KCITCOCFGHNWLQ
5KUVGOCFGTGHTKIGTCEKP
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKCU &GUETKREKP
# 6QOCFGCKTG
$ /G\ENCFGCKTGCEGKVG
% #EGKVG
& #KTGEQORTKOKFQJOGFQ
' %QPFGPUCFQ
&GUETKREKP
'NUKUVGOCFGTGHTKIGTCEKPXKGPGFQVCFQFGWPTGHTKIGTCFQTFGCKTG
%C[QVTQFGCEGKVG
%Q
'NCKTGFGTGHTKIGTCEKPNQIGPGTCWPXGPVKNCFQTEQPOQVQTFGCEEKQPCOKGPVQ
(0
5KUVGOCFGEQPFGPUCFQ
2WPVQUFGFTGPCLGFGEQPFGPUCFQ
7PKFCFGU2CEMEQPRWPVQUFGFTGPCLGFGEQPFGPUCFQ
7PKFCFGU(WNN(GCVWTGEQPRWPVQFGFTGPCLGFGEQPFGPUCFQ
/CPWCNFGKPUVTWEEKQPGU
.CUWPKFCFGU2CEMVKGPGPWPEQNGEVQTFGEQPFGPUCFQ
/6'NEQNGEVQTFGEQPFGPUCFQGUVGSWKRCFQEQP
WPFTGPCLGOCPWCN
&O[WPFTGPCLGCWVQOVKEQ
&C
.CUWPKFCFGU(WNN(GCVWTGVKGPGPWPFKURQUKVKXQFGFTGPCLGGNGEVTPKEQ
'NFKURQUKVKXQFGFTGPCLG
GNGEVTPKEQGUVGSWKRCFQEQPWPRWPVQFGFTGPCLGCWVQOVKEQ
&C
.CUWPKFCFGUOQPVCFCUGPFGRUKVQFKURQPGPFGWPRWPVQFGFTGPCLGOCPWCNCFKEKQPCNGPGNFGRUKVQFG
CKTG
5KUVGOCFGTGIWNCEKP
&KCITCOCFGHNWLQ
5KUVGOCFGTGIWNCEKPFG)#C)#
&GUECTIC
5KGNEQPUWOQFGCKTGGUKPHGTKQTCNUWOKPKUVTQFGNEQORTGUQTNCRTGUKPFGNCTGFCWOGPVCT%WCPFQNC
RTGUKPFGNCTGFCNECPEGNCFGFGUECTICUGFGUGPGTIK\CNCXNXWNCFGUQNGPQKFG
;'NODQNQFGNC
XNXWNCTGVQTPC
.CXNXWNCFGUQNGPQKFG
;FGUCEVKXCNCXNXWNCFGFGUECTICGZRWNUKP
78
.CXNXWNCFGFGUECTICGZRWNUKP
78EQPGEVCNCRTGUKPFGNTGEGRVQTFGCKTG
EQPNCEOCTC
[
EQPGNQTKHKEKQFGGZRWNUKP
.CRTGUKPFGNCEOCTC
JCEGSWGGNODQNQFGECTIC
.2UGFGURNCEGJCEKCCTTKDC
.CRTGUKPUGGUVCDKNK\CCWPDCLQXCNQT7PCRGSWGCECPVKFCFFGCKTGUKIWGUKGPFQCURKTCFC[RCUCCN
FGUECTICFQT
%CTIC
%WCPFQNCRTGUKPFGNCTGFDCLGCNCFGECTICNCXNXWNCFGUQNGPQKFG
;UGGPGTIK\C'NODQNQFG
UVC
;UGOWGXGJCEKCCTTKDC
/CPWCNFGKPUVTWEEKQPGU
.CXNXWNCFGUQNGPQKFG
;EQPVTQNCNCXNXWNCFGFGUECTICGZRWNUKP
78
.CXNXWNCFGFGUECTICGZRWNUKP
78EKGTTCGNQTKHKEKQFGGZRWNUKPFGCKTG
[GNUWOKPKUVTQJCEKCNC
EOCTC
'UVQJCEGSWGGNODQNQFGECTIC
.2UGFGURNCEGJCEKCCDCLQ[SWGNCXNXWNCFGGPVTCFC
+8UG
CDTCRQTEQORNGVQ
5GTGCPWFCGNUWOKPKUVTQFGCKTG
GNEQORTGUQTOCTEJCGPECTIC
5KUVGOCGNEVTKEQ
)GPGTCNKFCFGU
%QPUWNVGVCODKPNCUUGEEKQPGU&KCITCOCUGNEVTKEQU[%QPGZKQPGUGNEVTKECU
%QORQPGPVGUGNEVTKEQU
'NUKUVGOCGNEVTKEQEQPUVCFGNQUEQORQPGPVGUUKIWKGPVGU
%WDEWNQGNEVTKEQFG)#C)#GLGORNQVRKEQ
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKC &GUKIPCEKP
( (WUKDNGU
( (WUKDNGU
( (WUKDNGURCTCUGECFQT
UNQGPEQORTGUQTGU(WNN(GCVWTG
( 4GNFGUQDTGECTICOQVQTFGNEQORTGUQT
- %QPVCEVQTCWZKNKCTRCTCUGECFQT
UNQGPEQORTGUQTGU(WNN(GCVWTG
- %QPVCEVQTFGNPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTKPIWNQ
66 6TCPUHQTOCFQTGU
: 4GINGVCFGDQTPGU
UWOKPKUVTQFGVGPUKP
: 4GINGVCFGDQTPGU
OQVQT
:: %QPGEVQTGU
2' $QTPGFGRWGUVCCVKGTTC
/CPWCNFGKPUVTWEEKQPGU
&KCITCOCUGNEVTKEQU
&KCITCOCFG'NGMVTQPKMQP+
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKC &GUKIPCEKP
+PUVCNCEKPFGNENKGPVG
1REKP
6QFQUNQUXQNVCLGUEQPGZEGREKPFG8*\
#TTCPSWGRCTCFCCFKUVCPEKC
2TQVGEEKPFGNOQVQT
2CTCFCFGGOGTIGPEKC
2CTCFCFGGOGTIGPEKCCFKUVCPEKC
5WOKPKUVTQFGUGECFQT
6QFQUNQUQVTQUXQNVCLGU
&GUKIPCEKQPGURCTCEQORTGUQTGU'NGMVTQPKMQP+
4GHGTGPEKC %QORTGUQT
# 5GECFQT
/ /QVQTFGNEQORTGUQT
26 5GPUQTFGRTGUKPUWOKPKUVTQFGCKTG
66 5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66 5GPUQTFGVGORGTCVWTC.#6UGECFQT
; 8NXWNCFGUQNGPQKFG
4GHGTGPEKC %WDEWNQFGCTTCPSWG
' 4GIWNCFQT'NGMVTQPKMQP
( (WUKDNGU
( 4GNFGUQDTGECTICOQVQTFGNEQORTGUQT
- %QPVCEVQTFGNPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTKPIWNQ
- 4GNCWZKNKCTRTQVGEEKPFGNOQVQT
5 &GVGEEKPRTGUKPTGOQVC
5 #TTCPSWGRCTCFCCFKUVCPEKC
5 2CTCFCFGGOGTIGPEKC
5 2CTCFCFGGOGTIGPEKCCFKUVCPEKC
6 6TCPUHQTOCFQT
: %QPGZKPFGUWOKPKUVTQFGGPGTIC
: %QPGZKPFGNOQVQT
: %QPGZKPCVKGTTC
:: %QPGEVQTGU
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKC /FWNQFGEQPVTQNFGNEQORTGUQT
- 4GNFGDNQSWGQ
- 4GNCWZKNKCTEQPVCEVQTFGGUVTGNNC
- 4GNCWZKNKCTEQPVCEVQTFGVTKPIWNQ
- 4GNCWZKNKCTECTICFGUECTIC
- 4GNCWZKNKCTUGECFQT
- 4GNCWZKNKCTRCTCFCIGPGTCN
+ #TTCPSWG
2CTCFC
4GHGTGPEKC 'SWKRQQREKQPCN
$ &KURQUKVKXQGNGEVTPKEQFGFTGPCLGFGCIWC
; &TGPCLGEQPVGORQTK\CFQT
- 4GNFGUGEWGPEKCFGHCUGU
5 +PVGTTWRVQTRTKPEKRCN
4 %CNGPVCFQTGUCPVKEQPFGPUCEKP
5GECFQTFGCKTG
&GUETKREKP
5GECFQTFGCKTG
'NCKTGEQORTKOKFQGPVTCGPGNKPVGTECODKCFQTFGECNQT
[UGGPHTCOGFKCPVGGNCKTGUGECFQ[HTQSWG
UCNG'NCIWCFGNCKTGSWGGPVTCGORKG\CCEQPFGPUCTUG.WGIQGNCKTGHNW[GCVTCXUFGNKPVGTECODKCFQT
FGECNQTGXCRQTCFQT
FQPFGGNTGHTKIGTCPVGUGGXCRQTCJCEKGPFQSWGGNCKTGEQPVKPGGPHTKPFQUG
JCUVCCEGTECTUGCNCVGORGTCVWTCFGGXCRQTCEKPFGNTGHTKIGTCPVG5GEQPFGPUCOUCIWCGPGNCKTG'N
CKTGHTQRCUCGPUGIWKFCCVTCXUFGNUGRCTCFQT
FQPFGVQFQGNEQPFGPUCFQUGUGRCTCFGNCKTG'N
EQPFGPUCFQGUFTGPCFQCWVQOVKECOGPVG'NCKTGUGECFQ[HTQRCUCCVTCXUFGNKPVGTECODKCFQTFGECNQT
FQPFGUGECNKGPVCOGFKCPVGGNCKTGFGGPVTCFC
/CPWCNFGKPUVTWEEKQPGU
4GIWNCFQT'NGMVTQPKMQP+
4GIWNCFQT'NGMVTQPKMQP+
2CPGNFGEQPVTQN
+PVTQFWEEKP
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUVCTGCUUKIWKGPVGU
%QPVTQNFGNEQORTGUQT
2TQVGIGTGNEQORTGUQT
/QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
#TTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
JGEJQKPCEVKXQ
%QPVTQNCWVQOVKEQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKPFGNCTGFGPVTGNQUNOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQOVKECOGPVG5GVKGPGGPEWGPVCWPPOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOPKOQFGRCTCFC[GNPOGTQOZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIC[
XWGNXGCCTTCPECTNQCWVQOVKECOGPVGEWCPFQDCLGNCRTGUKPFGNCTGF
2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCTGNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
'NEQORTGUQTUGRCTCTVCODKPGPECUQFG
UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF
#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KCNIWPCFGNCUOGFKFCUGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOCRTQITCOCFQUGKPFKECTGUVQ
VCODKPEQPQDLGVQFGCXKUCTCNQRGTCFQTCPVGUFGSWGUGNNGIWGCFKEJQPKXGNFGRCTCFCFGCNCTOC
/CPWCNFGKPUVTWEEKQPGU
#XKUQFGUGTXKEKQ
5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGWPXCNQTRTQITCOCFQUGKPFKECTGUVQGPGNFKURNC[
EQPQDLGVQ
FGCXKUCTCNQRGTCFQTSWGNNGXGCECDQEKGTVCUCEEKQPGUFGUGTXKEKQ
4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKPFGCTTCPSWGCWVQOVKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURWUFGWPCKPVGTTWREKPGNEVTKEC&KEJCHWPEKPGUVFGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCHDTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUUGFGUGC%QPUWNVGC#VNCU%QREQ
5KUGJCCEVKXCFQNCHWPEKP[CEQPFKEKPFGSWGGNOFWNQUGGPEQPVTCTCGPGN
OQFQFGHWPEKQPCOKGPVQCWVQOVKEQGNEQORTGUQTXQNXGTCCTTCPECT
CWVQOVKECOGPVGUKUGTGUVCDNGEGGNXQNVCLGFGUWOKPKUVTQCNOFWNQ
2CPGNFGEQPVTQN
4GIWNCFQT'NGMVTQPKMQP+
/CPWCNFGKPUVTWEEKQPGU
&KURNC[
&GUETKREKP
0QTOCNOGPVGGNFKURNC[
OWGUVTCNQUKIWKGPVG
'NGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQTRQTOGFKQFGRKEVQITCOCU
.CRTGUKPFGUCNKFCFGNCKTG
.CVGORGTCVWTCCEVWCNGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
.CVGORGTCVWTCCEVWCNFGNRWPVQFGTQEQFGEQORTGUQTGU(WNN(GCVWTG
/CPWCNFGKPUVTWEEKQPGU
'NFKURNC[KPFKECVCODKPVQFQUNQURCTOGVTQUOGFKFQU[RTQITCOCFQUXCUGNCUGEEKP&GURNC\CTUG
RQTVQFCUNCURCPVCNNCU
2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC
2KEVQITCOCU
2KEVQITCOC &GUETKREKP
'UVCFQFGEQORTGUQT%#4)#
FWTCPVGOCTEJCGPECTICRCTRCFGCNCHNGEJC
JQTK\QPVCN
'UVCFQFGEQORTGUQT&'5%#4)#
+PFKECEKPFG%#4)#[&'5%#4)#
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ
6GORGTCVWTCFGNRWPVQFGTQEQ
/QVQTQUQDTGECTICFGOQVQT
$QVPFGRCTCFCFGGOGTIGPEKC
2KEVQITCOCFGUGTXKEKQ
#LWUVGFGTGFQEQPVTQN.#0
2CPVCNNCRTKPEKRCN
2TQEGFKOKGPVQ
%WCPFQUGEQPGEVGGNXQNVCLGUGOWGUVTCCWVQOVKECOGPVGNC2CPVCNNCRTKPEKRCNOWGUVTCGPDTGXGNC
UKVWCEKPFGHWPEKQPCOKGPVQFGNEQORTGUQT[NCRTGUKPFGUCNKFC
2CPVCNNCRTKPEKRCNGLGORNQVRKEQ
DCT
/CPWCNFGKPUVTWEEKQPGU
.CRCPVCNNCKPFKECSWGOCTEJCGNEQORTGUQTGPECTIC
RCTRCFGCNCHNGEJCJQTK\QPVCN[SWGNCRTGUKPFG
UCNKFCGUFGDCT
G
5KGORTGEQPUWNVGC#VNCU%QREQUKCRCTGEGVGUV GPGNFKURNC[
%QPUWNVGVCODKPNCUGEEKP&GURNC\CTUGRQTVQFCUNCURCPVCNNCU
#XKUQFGRCTCFCFGCNCTOC
&GUETKREKP
#RCTGEGTWPCPQVKEKCFGCXKUQFGRCTCFCFGCNCTOCGPECUQFG
WPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
WPCVGORGTCVWTCFGOCUKCFQCNVCFGNRWPVQFGTQEQRCTCEQORTGUQTGU(WNN(GCVWTG
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
u%u(UGGPEGPFGTGN.'&FGCNCTOC
[RCTRCFGCTGNRKEVQITCOCEQTTGURQPFKGPVG
2CPVCNNCRTKPEKRCNEQPCXKUQFGVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
RCTRCFGCPFQ
DCT
2WNUGNCVGENCEQPHNGEJC
CRCTGEGNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ
RCTRCFGCPFQ
u%
/CPWCNFGKPUVTWEEKQPGU
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCTOGVTQU
2WNUGGNDQVP
RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
&GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
&GUCRCTGEGTNCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ
6GORGTCVWTCFGNRWPVQFGTQEQ
2CTCEQORTGUQTGUEQPUGECFQTKPVGITCFQ
5KNCVGORGTCVWTCFGNRWPVQFGTQEQGZEGFGGNPKXGNFGCXKUQ
PQRTQITCOCDNGUGGPEGPFGTGN.'&
FGCNCTOC
[RCTRCFGCTGNRKEVQITCOCEQTTGURQPFKGPVG
2CPVCNNCRTKPEKRCNEQPCXKUQFGVGORGTCVWTCFGNRWPVQFGTQEQ
RCTRCFGCPFQ
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECNCVGORGTCVWTCCEVWCNFGNRWPVQFGTQEQ
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ
RCTRCFGCPFQ
u%
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEQGUu%
3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCTOGVTQU
2WNUGGNDQVP
RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
&GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
&GUCRCTGEGTNCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKPFGCXKUQ
2CTCFCFGCNCTOC
&GUETKREKP
'NEQORTGUQTUGRCTCTGPECUQFG
WPCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTSWGGZEGFGGNPKXGNFGRCTCFCFGCNCTOC
WPGTTQTFGNUGPUQTFGNCRTGUKPFGUCNKFC
/CPWCNFGKPUVTWEEKQPGU
UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOC
u%
u(RTQITCOCDNGUGRCTCTGNEQORTGUQTRCTRCFGCTGN.'&FGCNCTOC
UGCRCICTGN.'&FG
HWPEKQPCOKGPVQCWVQOVKEQ
[CRCTGEGTNCRCPVCNNCUKIWKGPVG
2CPVCNNCRTKPEKRCNEQPKPFKECEKPFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
RCTRCFGCPFQ
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGGNGOGPVQ
RCTRCFGCPFQ RCTRCFGCPFQ
u%
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTC
&GURWUFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC
5QDTGECTICFGNOQVQT
'PECUQFGUQDTGECTICFGNOQVQTUGRCTCTGNEQORTGUQTRCTRCFGCTGN.'&FGCNCTOC
UG
CRCICTGN.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
[CRCTGEGTNCRCPVCNNCUKIWKGPVG
2CPVCNNCRTKPEKRCNEQPKPFKECEKPFGRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT
RCTRCFGCPFQ
DCT
/CPWCNFGKPUVTWEEKQPGU
&GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTC
&GURWUFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC
#XKUQFGUGTXKEKQ
&GUETKREKP
#RCTGEGTWPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFGVKGORQRTQITCOCFQ
5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGGNKPVGTXCNQRTQITCOCFQUGGPEGPFGTGN.'&FGCNCTOC
2WNUGNCVGENCEQPHNGEJC
RCTCFGURNC\CTUGJCUVCF [CRCTGEGGNUODQNQFGUGTXKEKQ2WNUGNC
VGENC
UGOQUVTCTNCOGFKEKPCEVWCNFGNVGORQTK\CFQTFGUGTXKEKQGPJTU QZJTU
UK
GNXCNQTFGNVGORQTK\CFQTFGUGTXKEKQGUUWRGTKQTC
'LGORNQFGWPCRCPVCNNCFGVGORQTK\CFQTFGUGTXKEKQ
F
JTU
.CRCPVCNNCOWGUVTCSWGGNXCNQTFGNVGORQTK\CFQTFGUGTXKEKQGU
2WNUGNCVGENCEQPHNGEJC
RCTCFGURNC\CTUGJCUVCF [CRCTGEGGNUODQNQFGJQTCUFG
HWPEKQPCOKGPVQ2WNUGNCVGENC
UGOQUVTCTNCOGFKEKPCEVWCNFGNVGORQTK\CFQTFGUGTXKEKQGP
JTU QZJTU
UKGNXCNQTFGNVGORQTK\CFQTFGUGTXKEKQGUUWRGTKQTC
'LGORNQFGWPCRCPVCNNCFGJQTCUFGHWPEKQPCOKGPVQ
F
JTU
2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQKPFKECFCU%QPUWNVGNC
UGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
/CPWCNFGKPUVTWEEKQPGU
.CUCEEKQPGUFGUGTXKEKQFGNQUKPVGTXCNQUNCTIQUFGDGPKPENWKTNCUCEEKQPGUFGNQU
KPVGTXCNQUEQTVQU
'PGNGLGORNQCTTKDCJC[SWGTGCNK\CTVQFCUNCUQRGTCEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQCUEQOQNCU
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQ
5KUGWUCCEGKVGOKPGTCNGPXG\FG#VNCU%QREQ4QVQKPLGEVHNWKFJC[SWG
FKUOKPWKTUGGNKPVGTXCNQFGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKP
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
&GURWUFGNUGTXKEKQTGCTOGGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKP+PXQECEKPTGCTOGFG
VGORQTK\CFQTFGUGTXKEKQ
&GURNC\CTUGRQTVQFCUNCURCPVCNNCU
2CPGNFGEQPVTQN
2CPGNFGEQPVTQN
'URQUKDNGFGURNC\CTUGRQTVQFCUNCURCPVCNNCUEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
[.CU
RCPVCNNCUUGFKXKFGPGPRCPVCNNCUFGTGIKUVTQRCPVCNNCUFGFCVQUOGFKFQURCPVCNNCUFGGPVTCFCFKIKVCN
PWOGTCFCUEQOQFKP F RCPVCNNCUFGRCTOGVTQU
PWOGTCFCUEQOQ2
2 RCPVCNNCUFGRTQVGEEKQPGU
PWOGTCFCUEQOQ2T [RCPVCNNCUFGRTWGDC
PWOGTCFCUEQOQV
&WTCPVGGNFGURNC\COKGPVQNQUPOGTQUFGNCURCPVCNNCUCRCTGEGPEQPUGEWVKXCOGPVG'PNCOC[QTCFG
NQUECUQUUGOWGUVTCPUKOWNVPGCOGPVGNCWPKFCFFGOGFKEKP[GNRKEVQITCOCEQTTGURQPFKGPVGEQPGN
POGTQFGNCRCPVCNNC
'PGNECUQFGWPCXKUQQWPCRCTCFCFGCNCTOCGNRKEVQITCOCEQTTGURQPFKGPVGRCTRCFGCGPNCRCPVCNNC
RTKPEKRCN
'LGORNQ
JTU
F
/CPWCNFGKPUVTWEEKQPGU
4GUWOGPFGNCURCPVCNNCU
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
(NWLQFGOGPU
(NWLQUKORNKHKECFQFGOGPU
/CPWCNFGKPUVTWEEKQPGU
+PXQECEKPFGVGORGTCVWTCUFGUCNKFC[RWPVQFGTQEQ
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
UGOQUVTCTNCVGORGTCVWTCFGUCNKFC
u%
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGUCNKFCGUu%
2CTCEQORTGUQTGU(WNN(GCVWTG
2WNUGNCVGENCEQPHNGEJC
UGOQUVTCTNCVGORGTCVWTCFGNRWPVQFGTQEQ
u%
.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEQGUu%
&GURNEGUGJCEKCCDCLQQCTTKDCRQTNCURCPVCNNCUEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
/CPWCNFGKPUVTWEEKQPGU
+PXQECEKPFGJQTCUFGHWPEKQPCOKGPVQ
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
ZJTU
+PXQECEKPFGCTTCPSWGUFGNOQVQT
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
/CPWCNFGKPUVTWEEKQPGU
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
Z
'UVCRCPVCNNCOWGUVTCGNPOGTQFGCTTCPSWGUFGNOQVQTRQT
RQTQUKUGGPEKGPFGZ RQT
'NPOGTQFGCTTCPSWGUFGNOQVQTGU
+PXQECEKPFGJQTCUFGNOFWNQ
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
JTU
/CPWCNFGKPUVTWEEKQPGU
+PXQECEKPFGJQTCUFGECTIC
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
JTU
.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCJTU
QZJTU [GNXCNQT NCUJQTCUFGECTIC
FGNEQORTGUQTUQPJQTCU
+PXQECEKPFGNTGNFGECTIC
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
/CPWCNFGKPUVTWEEKQPGU
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
Z
'UVCRCPVCNNCOWGUVTCGNPOGTQFGCEEKQPGUFGFGUECTIC[ECTIC
RQTQUKUGGPEKGPFGZ RQT
'NPOGTQFGCEEKQPGUFGFGUECTIC[ECTICGU
+PXQECEKPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECF [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
JTU
.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCJTU
QZ JQTCUZ[GNXCNQT GN
EQORTGUQTJCHWPEKQPCFQFWTCPVGJQTCUFGUFGGNUGTXKEKQCPVGTKQT
/CPWCNFGKPUVTWEEKQPGU
4GCTOGFGNVGORQTK\CFQTFGUGTXKEKQ
*C[SWGTGCTOCTGNVGORQTK\CFQTFGURWUFGNUGTXKEKQXCUGNCUGEEKP#XKUQFGUGTXKEKQ
&GURNEGUGJCUVCNCRCPVCNNCFGTGIKUVTQF [RWNUGNCVGENCFGGPVTCFC
#RCTGEGTNCNGEVWTC
RQTGLGORNQ
2WNUGNCVGENCFGGPVTCFC
UKUGJCGUVCDNGEKFQWPCEQPVTCUGCKPVTQF\ECNC
.CNGEVWTCRCTRCFGCT
NQSWGKPFKECSWGGURQUKDNGTGCTOCT
2WNUGNCVGENCFGGPVTCFC
RCTCTGCTOCTGNVGORQTK\CFQTC QRWNUGNCVGENCFGTGCTOG
RCTCECPEGNCTNCQRGTCEKP
5GNGEEKPGPVTGEQPVTQNNQECNTGOQVQQ.#0
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
'NOQFQFGEQPVTQNCEVWCNOGPVGWUCFQUGOWGUVTCEQOQ.1% RCTCEQPVTQNNQECNT' RCTC
EQPVTQNTGOQVQQ.#P RCTCEQPVTQN.#0
2WNUGNCVGENCFGGPVTCFC
[UKGUPGEGUCTKQKPVTQFW\ECNCEQPVTCUGC'NOQFQFGEQPVTQNCEVWCN
RCTRCFGC7VKNKEGNCUVGENCU
[
RCTCECODKCTGNOQFQFGEQPVTQN
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQOQFQFGCTTCPSWGQRWNUGNCVGENCFGTGCTOG
RCTCECPEGNCT
/CPWCNFGKPUVTWEEKQPGU
+PXQECEKPFGOQFKHKECEKPFGN+&FGPQFQRCTCEQPVTQN.#0
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
5GOWGUVTCGN+&FGPQFQCEVWCNOGPVGWUCFQ
2WNUGNCVGENCFGGPVTCFC
[UKGUPGEGUCTKQKPVTQFW\ECNCEQPVTCUGC'N+&FGPQFQCEVWCNOGPVG
WUCFQRCTRCFGC7VKNKEGNCUVGENCU
[
RCTCECODKCTGN+&FGPQFQ
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQ+&FGPQFQQRWNUGNCVGENCFGTGCTOGRCTC
ECPEGNCT
+PXQECEKPFGOQFKHKECEKPFGCLWUVGUFGDCPFCFGRTGUKP
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
/CPWCNFGKPUVTWEEKQPGU
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
.CDCPFCFGRTGUKP2D UGOWGUVTCGPGNFKURNC[[RWGFGWVKNK\CTNCVGENC
RCTC
FGURNC\CTUGJCUVCNCDCPFCFGRTGUKP2D
2WNUGNCVGENCFGGPVTCFC
GPNCDCPFCFGRTGUKPFGUGCFC#RCTGEGGNPKXGNFGECTICFGNCDCPFCFG
RTGUKPUGNGEEKQPCFC[UGRWGFGWVKNK\CTNCVGENC
RCTCFGURNC\CTUGJCUVCGNPKXGNFGFGUECTIC
2TGUKPFGECTIC
DCT
2TGUKPFGFGUECTIC
DCT
2WNUGNCVGENCFGGPVTCFC
RCTCOQFKHKECTGNPKXGNFGECTIC
GNXCNQTEQOKGP\CCRCTRCFGCT2WGFG
UGTPGEGUCTKQKPVTQFWEKTWPCEQPVTCUGC7VKNKEGNCUVGENCU
[
RCTCOQFKHKECTNCRTGUKPFGECTIC
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTNQUPWGXQUXCNQTGUQRWNUGNCVGENCFGTGCTOGRCTC
ECPEGNCT
/QFKHKECEKPFGNCUGNGEEKPFGDCPFCFGRTGUKP
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
.CDCPFCFGRTGUKPCEVKXC2D UGOWGUVTCGPGNFKURNC[
/CPWCNFGKPUVTWEEKQPGU
2WNUGNCVGENCFGGPVTCFC
RCTCOQFKHKECTNCUGNGEEKPFGDCPFCFGRTGUKP
RWGFGUGTPGEGUCTKQ
KPVTQFWEKTWPCEQPVTCUGC.CDCPFCFGRTGUKPCEVKXC2D EQOKGP\CCRCTRCFGCT
2D
2WNUGNCVGENC
RCTCOQFKHKECTNCDCPFCFGRTGUKPCEVKXC2WNUGNCVGENCFGGPVTCFC
RCTC
EQPHKTOCTQRWNUGNCVGENCFGTGCTOGRCTCECPEGNCT
+PXQECEKPOQFKHKECEKPFGCLWUVGFGVGORQTK\CFQTFG
UGTXKEKQ
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
GNCLWUVGFGNVGORQTK\CFQTFGUGTXKEKQUGKPFKECGPJTU
JQTCUQZJTU
JQTCUZ
'LGORNQJTU UKIPKHKECSWGGNVGORQTK\CFQTUGGPEWGPVTCCLWUVCFQCJQTCUFG
HWPEKQPCOKGPVQ
2WNUGNCVGENCFGGPVTCFC
RCTCOQFKHKECTGUVGXCNQT
RWGFGUGTPGEGUCTKQKPVTQFWEKTWPC
EQPVTCUGCGNXCNQTRCTRCFGC/QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCTOGVTQU
/CPWCNFGKPUVTWEEKQPGU
+PXQECEKPOQFKHKECEKPFGWPKFCFFGVGORGTCVWTC
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
.QUCLWUVGURQUKDNGUUQPu% [u( UGOWGUVTCNCWPKFCFCEVWCNOGPVGWUCFC
2WNUGNCVGENCFGGPVTCFC
NCWPKFCFRCTRCFGC[WVKNKEGNCUVGENCUEQPHNGEJC
[RCTC
UGNGEEKQPCTQVTCWPKFCFFGVGORGTCVWTC
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTNCPWGXCWPKFCF[RWNUGNCVGENCFGTGCTOGRCTCXQNXGTC
NCRCPVCNNCFGRCTOGVTQU
+PXQECEKPOQFKHKECEKPFGWPKFCFFGRTGUKP
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
/CPWCNFGKPUVTWEEKQPGU
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [UGOWGUVTCPNQUCLWUVGURQUKDNGU
/RC RUK [DCT RWNUGNCVGENCFGGPVTCFC
[RCTRCFGCNCWPKFCFSWGUGWUC
CEVWCNOGPVG
2WNUGNCVGENCFGGPVTCFC
NCWPKFCFEQOKGP\CCRCTRCFGCT[WVKNKEGNCUVGENCUEQPHNGEJC
[
RCTCUGNGEEKQPCTQVTCWPKFCFFGRTGUKP
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTNCPWGXCWPKFCFFGRTGUKP[RWNUGNCVGENCFGTGCTOG
RCTCXQNXGTCNCURCPVCNNCUFGRCTOGVTQU
#EVKXCTTGCTTCPSWGCWVQOVKEQFGURWUFGHCNNQFGNXQNVCLG
&GUETKREKP
5NQGURQUKDNGOQFKHKECTGUVGRCTOGVTQSWGGUCEEGUKDNGGPNCRCPVCNNC2 FGURWUFGKPVTQFWEKT
WPEFKIQ%QPUWNVGC#VNCU%QREQUKFGUGCCEVKXCTGUVCHWPEKP
5GNGEEKPGPVTGCTTCPSWG;&Q&1.
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECP2 [GNRKEVQITCOCFGNOQVQT[C
EQPVKPWCEKPRWNUGNCVGENCFGGPVTCFC
'NOQFQFGCTTCPSWGWVKNK\CFQCEVWCNOGPVGUGOWGUVTC
EQOQ;F RCTC;&
GUVTGNNCVTKPIWNQQFQ. RCTC&1.
FKTGEVQ
5NQGURQUKDNGOQFKHKECTGUVGRCTOGVTQFGURWUFGKPVTQFWEKTWPEFKIQ5KFGDGECODKCTGN
RCTOGVTQEQPUWNVGC#VNCU%QREQ
/CPWCNFGKPUVTWEEKQPGU
+PXQECEKPFGOQFKHKECEKPFGNVKGORQFGTGVTCUQFGECTIC
2CPGNFGEQPVTQN
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECP2 [GNRKEVQITCOCFGECTICFGNEQORTGUQT[
CEQPVKPWCEKPRWNUGNCVGENCFGGPVTCFC
U
'UVCRCPVCNNCOWGUVTCGNVKGORQFGTGVTCUQFGECTIC[NCWPKFCFU UGIWPFQU5KFGUGC
OQFKHKECTGUVGXCNQTRWNUGNCVGENCFGGPVTCFC
'URQUKDNGSWGUGPGEGUKVGWPCEQPVTCUGCQREKQPCNGNXCNQTEQOKGP\CCRCTRCFGCT[UGRWGFGP
WVKNK\CTNCUVGENCUEQPHNGEJC
[
RCTCOQFKHKECTGNXCNQT
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNXCNQTPWGXQQRWNUGNCVGENCFGTGCTOGRCTCECPEGNCT
+PXQECEKPFGOQFKHKECEKPFGVKGORQOPKOQFGRCTCFC
2CPGNFGEQPVTQN
/CPWCNFGKPUVTWEEKQPGU
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECP2 [GNRKEVQITCOCFGNOQVQT[C
EQPVKPWCEKPRWNUGNCVGENCFGGPVTCFC
U
'UVCRCPVCNNCOWGUVTCGNVKGORQOPKOQFGRCTCFC[NCWPKFCFU UGIWPFQU5KFGUGCOQFKHKECT
GUVGXCNQTRWNUGNCVGENCFGGPVTCFC
'NXCNQTEQOKGP\CCRCTRCFGCT[UGRWGFGPWVKNK\CTNCUVGENCUEQPHNGEJC
[
RCTCOQFKHKECTGUVG
XCNQT
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQXCNQT
#EVKXCTRTQVGEEKPRQTEQPVTCUGC
2CPGNFGEQPVTQN
.QUCLWUVGUKORQTVCPVGUEQOQGNFGNVGORQTK\CFQTFGUGTXKEKQNCDCPFCFGRTGUKPGNOQFQFG
EQPVTQNRWGFGPRTQVGIGTUGEQPWPCEQPVTCUGC
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
/CPWCNFGKPUVTWEEKQPGU
2#55
.CEQPVTCUGC2#55 CRCTGEGGPNCRCPVCNNC2WNUGNCVGENCFGGPVTCFC
.CRCPVCNNCOWGUVTCGNGUVCFQFGNCEQPVTCUGCCEVKXCFC1P QFGUCEVKXCFC1(( 5KFGUGC
OQFKHKECTNQRWNUGNCVGENCFGGPVTCFC
%CODKGGNXCNQTEQPNCUVGENCUFGFGURNC\COKGPVQ
[
5GNGEEKQPG1P [RWNUGNCVGENCFGGPVTCFC
'UETKDCNCPWGXCEQPVTCUGC[RWNUGNCVGENCFGGPVTCFC
RCTCEQPHKTOCT
8WGNXCCGUETKDKTNCEQPVTCUGC[RWNUGNCVGENCFGGPVTCFC
RCTCEQPHKTOCT
1P CRCTGEGGPGNFKURNC[2WNUGNCVGENCFGTGCTOGRCTCXQNXGTCNCRCPVCNNCFGRCTOGVTQU
.CUEQPVTCUGCURGTFKFCUPQRWGFGPTGEWRGTCTUG)WCTFGNCEQPVTCUGCGPWP
NWICTUGIWTQ
+PXQECEKPFGOQFKHKECEKPFGCLWUVGUFGRTQVGEEKP
2TQVGEEKQPGU
5GRTQRQTEKQPCWPCUGTKGFGCLWUVGUFGRTQVGEEKP.CURCPVCNNCUFGRTQVGEEKPGUVPPWOGTCFCU2T
GNRKEVQITCOCOQUVTCFQEQPNCRCPVCNNCFGRTQVGEEKPKPFKECGNQDLGVQFGNCRTQVGEEKP
.CUEQODKPCEKQPGURQUKDNGUUQP2T UGIWKFQFGWPPOGTQ[WPQFGNQURKEVQITCOCUUKIWKGPVGU
2KEVQITCOC &GUKIPCEKP
2T EQPGNRKEVQITCOCFGRTGUKPKPFKECNCU
RTQVGEEKQPGUFGRTGUKP
2T EQPGNRKEVQITCOCFGVGORGTCVWTCFG
UCNKFCFGNGNGOGPVQKPFKECNCURTQVGEEKQPGUFG
VGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
2T EQPGNRKEVQITCOCFGVGORGTCVWTCFGN
RWPVQFGTQEQKPFKECNCURTQVGEEKQPGUFG
VGORGTCVWTCFGNRWPVQFGTQEQ
2T EQPGNRKEVQITCOCFGVGORGTCVWTC
CODKGPVGKPFKECNCURTQVGEEKQPGUFGVGORGTCVWTC
CODKGPVG
/CPWCNFGKPUVTWEEKQPGU
'ZKUVGPEWCVTQCLWUVGUFGRTQVGEEKPRQUKDNGU
7PPKXGNDCLQFGCXKUQOQUVTCFQGPGNFKURNC[EQOQ#..
7PPKXGNCNVQFGCXKUQOQUVTCFQGPGNFKURNC[EQOQ#.*
7PPKXGNDCLQFGRCTCFCFGCNCTOCOQUVTCFQGPGNFKURNC[EQOQ5F.
7PPKXGNCNVQFGRCTCFCFGCNCTOCOQUVTCFQGPGNFKURNC[EQOQ5F*
'LGORNQFGNCRCPVCNNCFGRTQVGEEKP
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2T UGIWKFQFGWPPOGTQ[NCVGORGTCVWTCFGUCNKFC
FGNGNGOGPVQ[CEQPVKPWCEKPRWNUGNCVGENCFGGPVTCFC
u%
2T
#.*
'NPKXGNFGCXKUQFGVGORGTCVWTCCNVC#.* [GNPKXGNFGRCTCFCFGVGORGTCVWTCCNVC5F*
7VKNKEGNCUVGENCUFGFGURNC\COKGPVQ
[RCTCECODKCTFGNPKXGNFGCXKUQCNPKXGNFGRCTCFC[RWNUG
NCVGENCFGGPVTCFC
RCTCOQFKHKECTGNXCNQT
'NXCNQTCRCTGEGGPGNFKURNC[
2WNUGNCVGENCFGGPVTCFC
RCTCOQFKHKECTGNXCNQT
'URQUKDNGSWGUGPGEGUKVGWPCEQPVTCUGCQREKQPCNGNXCNQTEQOKGP\CCRCTRCFGCT[UGRWGFGP
WVKNK\CTNCUVGENCUEQPHNGEJC
[
RCTCOQFKHKECTGNXCNQT
2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNXCNQTPWGXQQRWNUGNCVGENCFGTGCTOGRCTCECPEGNCT
/CPWCNFGKPUVTWEEKQPGU
.QUCLWUVGURTQITCOCDNGUUNQRWGFGPOQFKHKECTUGFGPVTQFGWPQUNOKVGU
RGTOKVKFQU
2CPVCNNCUFGRTWGDC
'PUC[QFGFKURNC[
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
DCT
2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECV [RWNUGCEQPVKPWCEKPNCVGENCFGGPVTCFC
2TWGDCFGNCXNXWNCUGIWTKFCF
'PNCRCPVCNNCFGRTWGDCV UGKPENW[GWPCRTWGDCFGNCXNXWNCFGUGIWTKFCF.CUXNXWNCUFG
UGIWTKFCFUNQRWGFGPRTQDCTUGFGURWUFGKPVTQFWEKTWPEFKIQ5KVKGPGSWGRTQDCTNCUXNXWNCUFG
UGIWTKFCFEQPUWNVGC#VNCU%QREQ
/CPWCNFGKPUVTWEEKQPGU
#LWUVGURTQITCOCDNGU
2CTOGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#2CEM
/CPWCNFGKPUVTWEEKQPGU
2CTOGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#(WNN(GCVWTG[)0
/CPWCNFGKPUVTWEEKQPGU
2CTOGVTQU
/CPWCNFGKPUVTWEEKQPGU
2TQVGEEKQPGU
#XKUQFGUGTXKEKQ
%QPUWNVGVCODKPNCUGEEKP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
%QPUWNVGC#VNCU%QREQUKJC[SWGECODKCTWPCLWUVGFGVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGT
NQUKPVGTXCNQUPQOKPCNGU[FGDGPEQKPEKFKTNIKECOGPVG%QPUWNVGNCUGEEKP+PXQECEKPOQFKHKECEKPFGN
VGORQTK\CFQTFGUGTXKEKQ
6GTOKPQNQIC
6TOKPQ +PVGTRTGVCEKP
#4#8( 4GCTTCPSWGCWVQOVKEQFGURWUFGKPVGTTWREKPFGNXQNVCLG%QPUWNVGNCUGEEKP
4GIWNCFQT'NGMVTQPKMQP+
6GORGTCVWTCFG 'NTGIWNCFQTUGPGICTCCEGRVCTCLWUVGUKNIKEQURGLUKGNPKXGNFGCXKUQGUV
UCNKFCFGN RTQITCOCFQCu%u(GNNOKVGOPKOQFGNPKXGNFGRCTCFCUGECODKCTC
GNGOGPVQ u%u(.CFKHGTGPEKCTGEQOGPFCFCGPVTGGNPKXGNFGCXKUQ[GNPKXGNFGRCTCFC
EQORTGUQT FGCNCTOCGUFGu%u(
4GVTCUQCNC 'UGNRGTQFQFWTCPVGGNEWCNFGDGGZKUVKTNCUGCNCPVGUFGSWGUGRCTGGNEQORTGUQT
UGCNFGRCTCFC 5KGURTGEKUQSWGUGRTQITCOGGUVGCLWUVGCQVTQXCNQTEQPUWNVGC#VNCU%QREQ
FGCNCTOC
6KGORQFG 'UGNRGTQFQFWTCPVGGNEWCNFGDGTGUVCDNGEGTUGGNXQNVCLGRCTCXQNXGTCCTTCPECT
TGUVCDNGEKOKGPVQ CWVQOVKECOGPVG#EEGUKDNGUKGUVCEVKXCFQGNTGCTTCPSWGCWVQOVKEQ%QPUWNVG
FGRQVGPEKC 4GIWNCFQT'NGMVTQPKMQP+2CTCCEVKXCTNCHWPEKPFGTGCTTCPSWGCWVQOVKEQEQPUWNVG
C#VNCU%QREQ
6KGORQFG 7PCXG\RCTCFQCWVQOVKECOGPVGGNEQORTGUQTSWGFCTRCTCFQRQTGNVKGORQ
RCTCFCOPKOQ OPKOQFGRCTCFC
UGIWPFQUCRTQZKOCFCOGPVGRCUGNQSWGRCUGEQPNCRTGUKP
FGNCTGFFGCKTG%QPUWNVGC#VNCU%QREQUKTGSWKGTGWPCLWUVGKPHGTKQTC
UGIWPFQU
2TGUKPFG 'NTGIWNCFQTPQCEGRVCTCLWUVGUKNIKEQURGLUKNCRTGUKPFGFGUECTICGUV
FGUECTICECTIC RTQITCOCFCCDCT
GRUKIGNNOKVGOZKOQFGNCRTGUKPFGECTICUG
ECODKCTCDCT
GRUKI.COPKOCFKHGTGPEKCFGRTGUKPTGEQOGPFCFCGPVTG
ECTIC[FGUECTICGUFGDCTRUKI
/CPWCNFGKPUVTWEEKQPGU
+PUVCNCEKP
&KDWLQUFGFKOGPUKQPGU
&KDWLQUFGFKOGPUKQPGU)#C)#
)#C)#2CEMOQPVCFQGPGNUWGNQ
/CPWCNFGKPUVTWEEKQPGU
)#C)#(WNN(GCVWTGOQPVCFQGPGNUWGNQ
/CPWCNFGKPUVTWEEKQPGU
)#C)#2CEMOQPVCFQGPFGRUKVQ
/CPWCNFGKPUVTWEEKQPGU
)#C)#(WNN(GCVWTGOQPVCFQGPFGRUKVQ
/CPWCNFGKPUVTWEEKQPGU
4GH &GUKIPCEKP
'PVTCFCFGCKTGFGNEQORTGUQT
'PVTCFCFGCKTGFGTGHTKIGTCEKP[OQVQT
5CNKFCFGCKTGEQORTKOKFQ
5CNKFCFGCKTGFGTGHTKIGTCEKPFGNEQORTGUQT[OQVQT
'PVTCFCFGECDNGGNEVTKEQ
'PVTCFCFGCKTGFGTGHTKIGTCEKPFGNUGECFQT
5CNKFCFGCKTGFGTGHTKIGTCEKPFGNUGECFQT
2WPVQFGFTGPCLGCWVQOVKEQ
2WPVQFGFTGPCLGOCPWCN
2TQRWGUVCFGKPUVCNCEKP
'LGORNQFGUCNCFGEQORTGUQTGU
/CPWCNFGKPUVTWEEKQPGU
&GUETKREKP
+PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UNKFQSWGRWGFCUQRQTVCTUWRGUQ
.CFKUVCPEKCOPKOCTGEQOGPFCFCGPVTGNCRCTVGUWRGTKQTFGNCWPKFCF[GNVGEJQGU
FGOO
RWNI.CFKUVCPEKCGPVTGNCWPKFCF[NCURCTGFGUFGENCTCFCUGUGN
OPKOQ
.CFKUVCPEKCTGEQOGPFCFCGUOORCTCHCEKNKVCTGNCEEGUQ
5GRTQJDGCVQTPKNNCTEQPRGTPQUGNFGRUKVQFGCKTGCNUWGNQ
2QUKEKPFGNCXNXWNCFGUCNKFCFGCKTGEQORTKOKFQ
RWGFGWDKECTUGGPCODQUNCFQU
FGNFGRUKVQFGCKTG
'NNCTIQOZKOQFGNCUVWDGTCUVQVCNGU
KPENWUQNCVWDGTCFGKPVGTEQPGZKPGPVTGGN
EQORTGUQT[GNFGRUKVQUGECNEWNCFGNCHQTOCUKIWKGPVG
FR
.ZZ3E
FZR
FFKOGVTQKPVGTKQTFGNVWDQFGUCNKFCGPOO
FRECFCFGRTGUKP
OZKOQTGEQOGPFCFQDCTRUK
.NQPIKVWFFGNVWDQFGUCNKFCGPO
RRTGUKPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
8GPVKNCEKPNCURCTTKNNCUFGCURKTCEKP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGHQTOCSWG
UGGXKVGNCTGEKTEWNCEKPFGNCKTGFGTGHTKIGTCEKPCNEQORTGUQT.CXGNQEKFCFOZKOC
FGNCKTGCVTCXUFGNCURCTTKNNCUGUFGOU
HVU
0QUGCFOKVGPEQPFWEVQUFGCKTGFGTGHTKIGTCEKP
.CVGORGTCVWTCOZKOCFGNCKTGGPNCVQOCFGNEQORTGUQTGUFGu%
u(
NC
OPKOCGUFGu%u(
3XECRCEKFCFFGXGPVKNCEKPTGSWGTKFCGPOU
0GPVTCFCCNGLGFGNEQORTGUQTGPM9
F6CWOGPVQFGVGORGTCVWTCGPUCNCFGNEQORTGUQT
'PVTCFCFGECDNGFGTGF
%QPGZKQPGUGNEVTKECU
&GUETKREKP
%QPUWNVGVCODKPNCUGEEKP&KCITCOCUGNEVTKEQU
+PUVCNGWPKPVGTTWRVQTUGRCTCFQT
%QORTWGDGSWGGUVPDKGPUWLGVQUCUWUDQTPGUNQUECDNGUGJKNQUFGNOQVQTGPGNCTOCTKQGNEVTKEQ
%QORTWGDGNQUHWUKDNGU[GNCLWUVGFGNTGNFGUQDTGECTIC8CUGNCUGEEKP#LWUVGUFGTGNFG
UQDTGECTIC[HWUKDNGU
%QPGEVGNQUECDNGUFGUWOKPKUVTQFGRQVGPEKCCUWUDQTPGU..[.
%QPGEVGGNEQPFWEVQTPGWVTQCNEQPGEVQT
0
%QPGEVGGNRGTPQFGNEQPFWEVQTFGVKGTTC
2'
'POQFGNQUFGN)#CN)#(WNN(GCVWTG
'NUWOKPKUVTQFGXQNVCLGCNUGECFQTFGDGUGTOQPQHUKEQFG85GUWOKPKUVTCGNXQNVCLGCNUGECFQT
RQTNQUEQPVCEVQUFGNTGN
-UVQUUGEKGTTCPCNCTTCPECTUGGNEQORTGUQT2CTCXQNVCLGUFG
UWOKPKUVTQFGNEQORTGUQTFKHGTGPVGUFGZ8OUPGWVTQZ8NCCNKOGPVCEKPCNUGECFQT
NCUWOKPKUVTCWPVTCPUHQTOCFQT
/CPWCNFGKPUVTWEEKQPGU
2KEVQITCOCU
2KEVQITCOCUOQFGNQUFGN)#CN)#
4GHGTGPEKC &GUKIPCEKP
#XKUQEQPUWNVGGN.KDTQFGKPUVTWEEKQPGUGPNQTGHGTGPVGCNUGPVKFQFGIKTQFGNOQVQT
CPVGUFGEQPGEVCTGNEQORTGUQTGNEVTKECOGPVG
2CTGUFGCRTKGVGRCTCRGTPQUFGCEGTQ
(GQNCVP
%W<P
#XKUQCURKTCEKP
#EGKVCTNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPKNNCTUVG[CRTGVCTCOCPQ
OGFKCXWGNVCCRTQZKOCFCOGPVG
%QPUWNVGGN.KDTQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTOCPVGPKOKGPVQ
#XKUQXQNVCLG
#XKUQRKG\CUECNKGPVGU
#PVGUFGCTTCPECTDNQSWGCTVQFCUNCUEQORWGTVCUFGNCECTTQEGTC
5KUGVKTCFGNCJQLCJCEKCCDCLQRCTCTGNEQORTGUQT[FGUEQPGEVCTGNXQNVCLG
+PXKGTVCNCUFQUNPGCUFGGPVTCFC4GRKVCGNRCUQCPVGTKQT
5KNCJQLCUCNVCNCTQVCEKPFGNOQVQTGUEQTTGEVC
2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
2WPVQFGFTGPCLGCWVQOVKEQFGEQPFGPUCFQ
#XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTCPVGUFGTGCNK\CT
TGRCTCEKQPGU
#XKUQFGUEQPGEVGNCCNKOGPVCEKPGNEVTKECCPVGUFGCDTKT
/CPWCNFGKPUVTWEEKQPGU
+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ
#PVGUFGNCTTCPSWGKPKEKCN
5GIWTKFCF
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU
NCUSWGUGKPFKECPGPGNRTGUGPVGOCPWCN
(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU
5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKPFGN
CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN
ECUQ[VCODKPUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO
HV
&GURNC\COKGPVQNGXCPVCOKGPVQ
7PKFCFOQPVCFCGPGNUWGNQGNEQORTGUQTRWGFGOQXGTUGEQPWPCECTTGVKNNCGNGXCFQTC2TQEWTGPQFCCT
PKPIWPCFGNCUEQPGZKQPGUKPUVCNCFCUFGDCLQFGNDCUVKFQTCNOQXGTNCECTTGVKNNCQGNEQORTGUQT2CTC
GNGXCTGNEQORTGUQTEQORTWGDGSWGNCUJQTSWKNNCUUGCPNQUWHKEKGPVGOGPVGNCTICURCTCRTQRQTEKQPCTWP
UQRQTVGGUVCDNG
7PKFCFOQPVCFCGPFGRUKVQOWGXCGNEQORTGUQTEQPWPCECTTGVKNNCGNGXCFQTCEQNQECPFQNCUJQTSWKNNCU
FGDCLQFGNQUUQRQTVGUFGGNGXCEKPSWGUGGPEWGPVTCPKPUVCNCFQUGPVTGNQURKGUFGNFGRUKVQFGCKTG
#UGITGUGFGEQNQECTNCUJQTSWKNNCUGPGNEGPVTQFGNFGRUKVQFGCKTG[NGXCPVGEQPEWKFCFQ
#TTCPSWG[RCTCFCCFKUVCPEKCGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+
&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG
#TTCPSWG[RCTCFCCFKUVCPEKC
%QPGEVGWPDQVPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNVCDNGTQFGDQTPGU
:%QPUWNVGNCUGEEKP5KUVGOCGNEVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU
#TTCPSWGKPKEKCN
5GIWTKFCF
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
/CPWCNFGKPUVTWEEKQPGU
2TQEGFKOKGPVQ
2CTCEQPQEGTNCWDKECEKPFGNCXNXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQ
(KLCFQTGUFGVTCPURQTVGFGNOQVQT[ECLCFGGPITCPCLGU
2QUKEKPFGNCOKTKNNCFGPKXGNFGCEGKVG
/CPWCNFGKPUVTWEEKQPGU
%WDEWNQGNEVTKEQ
7DKECEKPFGNCJQLC
/CPWCNFGKPUVTWEEKQPGU
%QPUWNVGNCUUGEEKQPGU6COCQFGECDNGUGNEVTKEQU2TQRWGUVCUFGKPUVCNCEKP[&KDWLQUFG
FKOGPUKQPGU
*C[SWGSWKVCTNQUHKLCFQTGUFGVTCPURQTVGRKPVCFQUFGTQLQUKIWKGPVGU
2GTPQU
%CUSWKNNQU
5QRQTVGU
%QORTWGDGSWGGUVPJGEJCUNCUEQPGZKQPGUGNEVTKECUEQPHQTOGCNQUEFKIQUNQECNGU[SWG
VQFQUNQUECDNGUGUVPDKGPUWLGVQUCUWUDQTPGU
'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ
KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
%QORTWGDGSWGGNVTCPUHQTOCFQT
6GUVDKGPEQPGEVCFQ
2CTCWPKFCFGU(WNN(GCVWTGGZEGRVQRCTCXQNVCLGUFGXQNVCLGU8[8
0EQORTWGDG
SWGGNVTCPUHQTOCFQT
6GUVDKGPEQPGEVCFQ
%QORTWGDGGNCLWUVGFGNTGNFGUQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
(
%QORTWGDGSWGGNTGNFGUQDTGECTICXCCLWUVCFQRCTCTGCTOGOCPWCN
+PUVCNGNCXNXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKP+PVTQFWEEKPRCTCEQPQEGTNC
WDKECEKPFGNCXNXWNC
%KGTTGNCXNXWNC
%QPGEVGNCTGFFGCKTGCNCXNXWNC
'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKPFGUGECFQTKPUVCNGNCXNXWNCFGUCNKFCFGCKTGGP
GNVWDQFGFGTKXCEKPFGNUGECFQT
%QPGEVGNCUUCNKFCUFGFTGPCLGFGNEQPFGPUCFQCWPEQNGEVQTFGFTGPCLG
%QPUWNVGNCUGEEKP5KUVGOCFGEQPFGPUCFQ
%QORTWGDGGNPKXGNFGCEGKVG8CUGNCUGEEKP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
2TQXCUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG
'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTCPECTCWVQOVKECOGPVGFGURWUFGKPVGTTWREKPFGN
XQNVCLG
UKGUVCEVKXCFQEQPUWNVGC#VNCU%QREQ
'NEQORTGUQTXCEQPVTQNCFQCWVQOVKECOGPVG[RWGFGSWGCTTCPSWGGPEWCNSWKGTOQOGPVQ
(KLGNCJQLC
SWGGZRNKECGNRTQEGFKOKGPVQFGEQORTQDCEKPFGNCFKTGEEKPFGTQVCEKPFGN
OQVQTCNCUCNKFCFGCKTGFGTGHTKIGTCEKPFGNEQORTGUQT%QPUWNVGNCUGEEKP&KDWLQUFG
FKOGPUKQPGU
%QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[RTGNQCNKPUVCPVG%QORTWGDGNCFKTGEEKPFG
TQVCEKPFGNOQVQTFGCEEKQPCOKGPVQ
/EWCPFQIKTCRQTKPGTEKCJCUVCRCTCT
%QORTWGDGNCTQVCEKPFGNOQVQTWUCPFQNCJQLC
5KNCFKTGEEKPFGTQVCEKPFGNOQVQTGU
EQTTGEVCNCGVKSWGVCFGNCRCTTKNNCFGNCRCTVGUWRGTKQTUCNVCT5KNCJQLCRGTOCPGEGGPUW
RQUKEKPNCFKTGEEKPFGTQVCEKPGUKPEQTTGEVC
5KNCFKTGEEKPFGTQVCEKPFGNOQVQTFGCEEKQPCOKGPVQGUKPEQTTGEVCCDTCGNKPVGTTWRVQT
UGRCTCFQTGKPXKGTVCFQUNPGCUGNEVTKECUFGGPVTCFC
4GNFGUGEWGPEKCFGHCUGUQREKQPCN
5KGNEQORTGUQTPQNQITCTCCTTCPECTEQORTWGDGGNFKURNC[
5KGNFKURNC[OWGUVTCGNRKEVQITCOCFGUQDTGECTICFGNOQVQTEQORTWGDGGNTGNFGUGEWGPEKC
FGHCUG
7PCFKTGEEKPFGTQVCEKPKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQRWGFGECWUCTFCQUCN
EQORTGUQT
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGNQUCLWUVGUXCUGNC
UGEEKP#LWUVGU
2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCEQPPQTOCNKFCF
/CPWCNFGKPUVTWEEKQPGU
#PVGUFGCTTCPECT
2TQEGFKOKGPVQ
%QORTWGDGGNPKXGNFGCEGKVGCCFCUKGURTGEKUQ8CUGNCUGEEKP#TTCPSWGKPKEKCN
#TTCPSWG
2TQEGFKOKGPVQ
2CTCEQPQEGTNCRQUKEKPFGNCXNXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKP[5KUVGOCFGEQPFGPUCFQ
2CPGNFGEQPVTQNFG'NGMVTQPKMQP+
2CUQ #EEKP
%QPGEVGGNXQNVCLG%QORTWGDGSWGUGGPEKGPFGGN.'&FGXQNVCLGEQPGEVCFQ
#DTCNCXNXWNCFGUCNKFCFGCKTG
2WNUGGNDQVPFGCTTCPSWG
FGNRCPGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'&
FGHWPEKQPCOKGPVQCWVQOVKEQ
UGGPEKGPFG&KG\UGIWPFQUFGURWUFGCTTCPECTGNOQVQTFG
CEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTKPIWNQ[GNEQORTGUQTGORKG\CCHWPEKQPCTGPECTIC
/CPWCNFGKPUVTWEEKQPGU
&WTCPVGGNHWPEKQPCOKGPVQ
2TQEGFKOKGPVQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU%QPUWNVG
VCODKPNCUGEEKP5QNWEKPFGRTQDNGOCU
.CTGVKTCFCFGNRCPGNHTQPVCN
RCPGNFGUGTXKEKQFWTCPVGGNHWPEKQPCOKGPVQRTQXQECTGN
CRCICFQCWVQOVKEQFGNCWPKFCFFGURWUFGEKGTVQVKGORQUGIPNCXGTUKPFGN
EQORTGUQT
5KNQUOQVQTGUGUVPFGVGPKFQU[GN.'&
GPEGPFKFQNQUOQVQTGURQFTCPRQPGTUGGP
OCTEJCCWVQOVKECOGPVG
2CPGNFGEQPVTQN'NGMVTQPKMQP+
7DKECEKPFGNCOKTKNNCFGPKXGNFGCEGKVGFG)#C)#
2WNUGGNDQVPFGRCTCFCEKGTTGNCXNXWNCFGUCNKFCFGCKTG[CDTCNQUFKURQUKVKXQUFGFTGPCLGOCPWCNFGN
EQPFGPUCFQ
UKNQUJWDKGTC%QPUWNVGNCUGEEKP+PVTQFWEEKP[NCUGEEKP5KUVGOCFGEQPFGPUCFQRCTC
EQPQEGTNCWDKECEKPFGNCXNXWNCFGUCNKFCGNFKURQUKVKXQFGFTGPCLGFGCIWC
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
/CPWCNFGKPUVTWEEKQPGU
%QORTWGDGGNPKXGNFGCEGKVGCKPVGTXCNQUTGIWNCTGU6TGUOKPWVQUFGURWUFGRCTCTNCOKTKNNC
)NFGDG
GPEQPVTCTUGGPVTG[NNGPC'URGTGJCUVCSWGUGRCTGGNEQORTGUQT
UGIWPFQUFGURTGUWTKEGGN
UKUVGOCFGCEGKVGFGUCVQTPKNNCPFQGNVCRPFGNNGPCFQFGCEGKVG
(%WPCUQNCXWGNVC[GURGTGWPQU
OKPWVQU'ZVTCKICGNVCRP[CCFCCEGKVGJCUVCNNGPCTGNPKXGNFGNCOKTKNNC+PUVCNG[CRTKGVGGNVCRP
(%
5KGUVGPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
GNTGIWNCFQTIQDKGTPCGNEQORTGUQT
CWVQOVKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[XQNXGTCCTTCPECT
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGGNHWPEKQPCOKGPVQCKPVGTXCNQUTGIWNCTGU%QPUWNVGNC
UGEEKP5KUVGOCFGEQPFGPUCFQ
%QORTQDCTGNFKURNC[
2TQEGFKOKGPVQ
2CPGNFGEQPVTQN'NGMVTQPKMQP+
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGGNFKURNC[
TGIWNCTOGPVGNQU
RKEVQITCOCUKPFKECPGNGUVCFQFGNEQORTGUQTXCUGNCUGEEKP2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC
*CICNCUIGUVKQPGUPGEGUCTKCUUKGUVGPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
XCPUGNCUUGEEKQPGU
#XKUQFGUGTXKEKQ#XKUQFGRCTCFCFGCNCTOC[2CTCFCFGCNCTOC
2CTCFC
4GIWNCFQT'NGMVTQPKMQP
2CPGNFGEQPVTQNFG'NGMVTQPKMQP+
/CPWCNFGKPUVTWEEKQPGU
2TQEGFKOKGPVQ
2CUQ #EEKP
2WNUGGNDQVPFGRCTCFC
'N.'&FGHWPEKQPCOKGPVQCWVQOVKEQ
UGCRCIC[GN
EQORTGUQTUGFGVKGPGVTCPUEWTTKFQUUGIWPFQUFGHWPEKQPCOKGPVQUKPECTIC
2CTCRCTCTGNEQORTGUQTGPECUQFGGOGTIGPEKCRWNUGGNDQVPFGRCTCFCFG
GOGTIGPEKC
'N.'&FGCNCTOC
RCTRCFGC
'PEQORTGUQTGUEQP'NGMVTQPKMQP+FGURWUFGUQNWEKQPCTNCCXGTCVKTGFGNDQVP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENCFGTGCTOG
CPVGUFGTGCTTCPECT
%KGTTGNCXNXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKP+PVTQFWEEKP
#DTCGNRWPVQFGFTGPCLGOCPWCN
&O
&GUEQPGEVGGNXQNVCLG
2WGUVCHWGTCFGUGTXKEKQ
#XKUQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
2TQEGFKOKGPVQ
2CUQ #EEKP
2CTGGNEQORTGUQT[EKGTTGNCXNXWNCFGUCNKFCFGCKTG
#DTCGNRWPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
UKNQJWDKGTC%QPUWNVGNCUGEEKP
5KUVGOCFGEQPFGPUCFQRCTCNQECNK\CTNCXNXWNCFGFTGPCLG
&GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
FGUCVQTPKNNGGNVCRPFGNNGPCFQFGCEGKVGWPCUQNCXWGNVCPQOUCHKPFGRGTOKVKT
SWGGUECRGNCRTGUKPGXGPVWCNFGNUKUVGOC
%QPUWNVGNCUGEEKP%CODKQFGCEGKVG[HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRPFG
NNGPCFQ
%KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCXNXWNCFGUCNKFC
5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
8CEGGNCEGKVG
8CEGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG
EQPFGPUCFQ
/CPWCNFGKPUVTWEEKQPGU
/CPVGPKOKGPVQ
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
2CPGNFGEQPVTQN
2CPGNFGEQPVTQN'NGMVTQPKMQP+
#XKUQ
#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKPFGOCPVGPKOKGPVQTGRCTCEKPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
2CTGGNEQORTGUQT
2WNUGGNDQVPFGRCTCFCFGGOGTIGPEKC
&GUEQPGEVGGNXQNVCLG
%KGTTGNCXNXWNCFGUCNKFCFGCKTG[CDTCNCUXNXWNCUFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVGP
&GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
)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
/CPWCNFGKPUVTWEEKQPGU
+PVGTXCNQU
'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQ
GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKPFGNCUEQPFKEKQPGUCODKGPVCNGU
[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODKPKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU
#EEKQPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP+
#FGOUFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGP
KPVGTXCNQUFGVKGORQ
JQTCUFGHWPEKQPCOKGPVQ'NTGIWNCFQTGUVFQVCFQFGWPVGORQTK\CFQTFGUGTXKEKQ
RTQITCOCDNG#RCTGEGTWPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFG
VKGORQRTQITCOCFQEQPUWNVGNCUGEEKP#XKUQFGUGTXKEKQ'PVCNECUQJC[SWGEQORTQDCTNCUJQTCUFG
HWPEKQPCOKGPVQ4GCNKEGNCUQRGTCEKQPGUFGUGTXKEKQSWGEQTTGURQPFGPCNCUJQTCUFGHWPEKQPCOKGPVQ
GURGEKHKECFCUGPGNRTQITCOCUKIWKGPVG4GCTOGGNVGORQTK\CFQTFGUGTXKEKQFGURWUFGCECDCFQGN
UGTXKEKQEQPUWNVGNCUGEEKP+PXQECEKPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
)GPGTCNKFCFGU
2GTQFQ 1RGTCEKP
&KCTKQ %QORTWGDGGNPKXGNFGNCEGKVG
%QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGNCECTIC
2WTIWGGNEQPFGPUCFQ
%QORTWGDGGNKPFKECFQTFGUGTXKEKQFGNQUHKNVTQU&&Z[2&Z
UKNQUJWDKGTC
%CFCOGUGU %QORTWGDGNQUTGHTKIGTCFQTGUNORKGNQUGPECUQRTGEKUQ
2CTCWPKFCFGU(WNN(GCVWTGEQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[NORKGNQUKGU
PGEGUCTKQ
'ZVTCKICGNGNGOGPVQHKNVTCPVGFGCKTG.KORKCTEQPEJQTTQFGCKTG[TGXKUCT
/UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ
4GGORNCEGGNGOGPVQUFCCFQUQOW[EQPVCOKPCFQU
4GGORNCEGGNGNGOGPVQFGHKNVTQFGNEWDEWNQ
#PWCNOGPVG 4GGORNCEGNQUHKNVTQU&&Z[2&ZQGPEWCPVQGNKPFKECFQTFGRTGUKPCRWPVGCNC
\QPCTQLC
2CTC)#C)#
*QTCUFG 1RGTCEKP
HWPEKQPCOKGPVQ
5KUGWVKNK\C4QVQ(QQFITCFG(NWKFFG#VNCU%QREQECODKGGNCEGKVG
5KUGWVKNK\C4QVQKPLGEV(NWKFFG#VNCU%QREQECODKGGNCEGKVG
4GGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG
4GGORNCEGGNGNGOGPVQFGHKNVTQFGNEWDEWNQ
.KORKGNQUTGHTKIGTCFQTGU
2CTCWPKFCFGU(WNN(GCVWTGNKORKGGNEQPFGPUCFQTFGNUGECFQT
4GGORNCEGGNHKNVTQ[UGRCTCFQTFGCEGKVG
%QORTWGDGNCUNGEVWTCUFGRTGUKP[VGORGTCVWTC
.NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[
/CPWCNFGKPUVTWEEKQPGU
*QTCUFG 1RGTCEKP
HWPEKQPCOKGPVQ
%QORTWGDGRQTUKJC[HWICUFGCKTG
'PWPKFCFGU2CEMGZVTCKICFGUOCPVGNG[NKORKGNCXNXWNCFGHNQVCFQTFGNEQNGEVQT
FGEQPFGPUCFQ%QPUWNVGNCUGEEKP5KUVGOCFGEQPFGPUCFQ
2TWGDGNCHWPEKPFGRCTCFCFGVGORGTCVWTC
2TWGDGNCUXNXWNCUFGUGIWTKFCF
5KUGWVKNK\C4QVQ:VGPF&WV[(NWKFFG#VNCU%QREQECODKGGNCEGKVG
+ORQTVCPVG
%QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT
2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU
GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKPEQPUWNVGC#VNCU
%QREQ
&GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTCUQLWPVCU
HNGZKDNGUFCCFCU
/QVQTFGCEEKQPCOKGPVQ
2CTC)#C)#
.QUEQLKPGVGUFGNOQVQTGUVPNWDTKECFQUFGRQTXKFC
'URGEKHKECEKQPGUFGNCEGKVG
0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
2CTCCUGIWTCTWPCDWGPCECNKFCFFGNCEGKVGFTGPGGNEQORTGUQTGPVQFQUNQURWPVQU
FGFTGPCLG.QUCEGKVGUWUCFQUSWGUGFGLCPGPGNEQORTGUQTRWGFGPEQPVCOKPCTGN
UKUVGOCFGCEGKVG
5GTGEQOKGPFCOW[GPECTGEKFCOGPVGWVKNK\CT#VNCU%QREQ(NWKF
EQPUWNVGNCUGEEKP2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ
#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
/CPWCNFGKPUVTWEEKQPGU
#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
#EGKVGRCTCWPKFCFGU%5#7.[,20GZEGRVQRCTCWPKFCFGUEQPWPXQNVCLGFGOQVQTFG8
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKPRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFG
OQVQTFG8
#VNCU%QREQ4QVQ:VGPF&WV[(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQP
KP[GEEKPFGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u([
u%
u(
EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ
#VNCU%QREQ4QVQ(QQFITCFG(NWKF
#EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKP
#VNCU%QREQ4QVQ(QQFITCFG(NWKFGUWPNWDTKECPVGUKPVVKEQFGCNVCECNKFCFGZENWUKXQETGCFQ
GURGEKCNOGPVGRCTCEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKPFGCEGKVGSWGUWOKPKUVTCPCKTGRCTCNCKPFWUVTKC
FGCNKOGPVCEKP'UVGNWDTKECPVGOCPVKGPGGNEQORTGUQTGPRGTHGEVQGUVCFQ'NCEGKVG4QVQ(QQFITCFG
RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu%
u([
u%
u(
EQPUWNVGNCUGEEKP,WGIQUFGUGTXKEKQ
1DUGTXCEKP
'NFGRUKVQFGCKTGVCPSWGFGCEGKVGNNGXCWPCGVKSWGVCSWGKPFKECGNVKRQFGCEGKVG
NNGPCFQGPHDTKEC
%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
#XKUQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
/CPWCNFGKPUVTWEEKQPGU
2TQEGFKOKGPVQ
%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#
*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNOQVQTFGURWUFGOKPWVQUFG
HWPEKQPCOKGPVQGPFGUECTIC%KGTTGNCXNXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTG
WPQUEWCPVQUOKPWVQU[FGURTGUWTKEGFGUCVQTPKNNCPFQGNVCRPFGTGNNGPQFGCEGKVG
(%PQ
OUSWGWPCUQNCXWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKPSWGRWFKGTCJCDGTGPGN
UKUVGOC
#DTCVCODKPNQUFKURQUKVKXQUFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
UKNQUJWDKGTC
'ZVTCKICGNVCRPFGFTGPCLGFGCEGKVG
&25CSWGGNCEGKVGCDTKGPFQNCXNXWNC
8F3WKVG
VCODKPGNVCRPFGFTGPCLGFGNVWDQHNGZKDNG
UKVWCFQLWPVQCNGNGOGPVQ[GNVCRPFG
XGPVKNCEKPFGNTGHTKIGTCFQTFGCEGKVG%KGTTGNCXNXWNC[XWGNXCCKPUVCNCTNQUVCRQPGUFGURWU
FGNFTGPCLG
4GEQLCGNCEGKVGGPWPTGEKRKGPVG[GPVTIWGNQCNUGTXKEKQFGTGEQIKFCFGCEGKVG4GKPUVCNG[
CRTKGVGNQUVCRQPGUFGFTGPCLG[XGPVKNCEKPFGURWUFGNFTGPCLG
'ZVTCKICGNHKNVTQFGCEGKVG
1(.KORKGGNCUKGPVQFGNFKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVC
FGNPWGXQHKNVTQ[CVQTPNNGNQGPUWUKVKQ#RTKGVGHKTOGOGPVGCOCPQ
'ZVTCKICGNVCRPFGNNGPCFQ
(%
'POQFGNQU)#C)#KPVTQFW\ECWPEQFQGPGNVCRPFGNNGPCFQ
(%RCTCHCEKNKVCTGN
NNGPCFQ.NGPGGNFGRUKVQFGCEGKVG
16EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNOGFKQFGNC
OKTKNNC
)+
%WKFGFGSWGPQECKICUWEKGFCFGPGNUKUVGOC4GKPUVCNG[CRTKGVGGNVCRPFGNNGPCFQ
(%
*CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTGWPQU
OKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
&GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRPFGNNGPCFQ
(%WPCUQNCXWGNVCRCTCRGTOKVKT
SWGUGGUECRGNCRTGUKPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRP
'P)#C)#TGNNGPGGNFGRUKVQFGCEGKVGJCUVCSWGNCOKTKNNC
)+UGGPEWGPVTGNNGPCGP
UWURCTVGU
#RTKGVGGNVCRPFGNNGPCFQ
4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+XCUGNCUGEEKP+PXQECEKP
FGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
/CPWCNFGKPUVTWEEKQPGU
%CODKQFGNUGRCTCFQTFGCEGKVG
#XKUQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
2TQEGFKOKGPVQ
%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#
*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNEQORTGUQTEKGTTGNC
XNXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTGWPQUEWCPVQUOKPWVQU[
FGURTGUWTKEGFGUCVQTPKNNCPFQGNVCRPFGTGNNGPQFGCEGKVG
(%PQOUSWGWPCUQNC
XWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKPSWGRWFKGTCJCDGTGPGN
UKUVGOC
'URGTGOKPWVQU[GZVTCKICGNUGRCTCFQTFGCEGKVG
15.KORKGGNCUKGPVQFGN
FKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVCFGNPWGXQUGRCTCFQT[CVQTPNNGNQGPUW
UKVKQ#RTKGVGHKTOGOGPVGCOCPQ
*CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTG
WPQUOKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
&GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNCPFQGNVCRPFGNNGPCFQ
(%WPCUQNCXWGNVCRCTC
RGTOKVKTSWGUGGUECRGNCRTGUKPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRP
4GNNGPGGNFGRUKVQFGCEGKVGJCUVCSWGNCOKTKNNC
)NUGGPEWGPVTGNNGPCGPUWU
RCTVGU
#RTKGVGGNVCRPFGNNGPCFQ
4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ
2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+XCUGNCUGEEKP
+PXQECEKPFGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
/CPWCNFGKPUVTWEEKQPGU
#NOCEGPCOKGPVQFGURWUFGNCKPUVCNCEKP
2TQEGFKOKGPVQ
2QPICGPOCTEJCGNEQORTGUQTRQTGLGORNQFQUXGEGUCNCUGOCPCJCUVCSWGUGECNKGPVG%CTIWG[
FGUECTIWGGNEQORTGUQTWPCUEWCPVCUXGEGU
5KGNEQORTGUQTUGXCCCNOCEGPCTUKPHWPEKQPCTFGXG\GPEWCPFQVQOGNCUOGFKFCU
FGRTQVGEEKPSWGEQTTGURQPFCP%QPUWNVGC#VNCU%QREQ
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
&GUETKREKP
5GGPEWGPVTCPFKURQPKDNGULWGIQUFGUGTXKEKQ
UGTXKEGMKVU SWGNGQHTGEGPNQUDGPGHKEKQUFGNCURCTVGU
QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOCPVKGPGPDCLQUWRTGUWRWGUVQFGOCPVGPKOKGPVQ.QU
LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ
5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU)#C)#
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU 0OGTQFGRGFKFQ
8NXWNCFGRTGUKPOPKOCRCTCEQORTGUQTGUFG
DCTDCTRUKRUK[RUK
8NXWNCFGRTGUKPOPKOCRCTCEQORTGUQTGUFG
DCT[RUK
'SWKRQFGHNQVCFQT
'SWKRQFGHKNVTQ2&:
-KVFGHKNVTQ&&:
#VNCU%QREQ4QVQ+PLGEV(NWKF
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
.CVCFGNKVTQU
75ICN+ORICN
$CTTKNFGNKVTQU
75ICN+ORICN
/CPWCNFGKPUVTWEEKQPGU
#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
.CVCFGNKVTQU
75ICN+ORICN
$CTTKNFGNKVTQU
75ICN+ORICN
#VNCU%QREQ4QVQ(QQFITCFG(NWKF
%QPUWNVGVCODKPNCUGEEKP'URGEKHKECEKPFGCEGKVG
0OGTQFGRGFKFQ
.CVCFGNKVTQU
75ICN+ORICN
$CTTKNFGNKVTQU
75ICN+ORICN
/CPWCNFGKPUVTWEEKQPGU
#LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ
(KNVTQFGCKTG
7DKECEKPFGNHKNVTQFGCKTG
(KNVTQFGCKTG)#C)#
4GEQOGPFCEKQPGU
0QGZVTCKICPWPECGNGNGOGPVQEQPGNEQORTGUQTGPOCTEJC
2CTCTGFWEKTCNOPKOQGNVKGORQFGRCTCFCFGNEQORTGUQTECODKGGNGNGOGPVQUWEKQRQTQVTQPWGXQ
&GUGEJGEWCNSWKGTGNGOGPVQSWGGUVFCCFQ
2TQEGFKOKGPVQ
2CTGGNEQORTGUQT&GUEQPGEVGGNXQNVCLG
'PWPKFCFGU2CEMGZVTCKICGNRCPGNNCVGTCN
'PWPKFCFGU(WNN(GCVWTGGZVTCKICGNRCPGNHTQPVCN
3WKVGGNEQPLWPVQFGNHKNVTQFGCKTG
'ZVTCKICNCVCRCFGNHKNVTQFGCKTG
#(IKTPFQNCGPUGPVKFQQRWGUVQCNCUCIWLCUFGWPTGNQL'ZVTCKIC
GNGNGOGPVQHKNVTCPVG5KGURTGEKUQNKORKGNCEWDKGTVC
+PUVCNGGNPWGXQGNGOGPVQ[NCEWDKGTVC
4GCTOGGNCXKUQFGUGTXKEKQFGNHKNVTQFGCKTG
%QPUWNVGNCUGEEKP+PXQECEKPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQRCTCTGCTOCTGNOGPUCLGFG
UGTXKEKQGPTGIWNCFQTGU'NGMVTQPKMQP+
4GHTKIGTCFQTGU
.KORKG\C
/CPVGPICNKORKQUNQUTGHTKIGTCFQTGURCTCTGVGPGTNCGHKEKGPEKCFGTGHTKIGTCEKP
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTG
/CPWCNFGKPUVTWEEKQPGU
2CTGGNEQORTGUQTEKGTTGNCXNXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
%WDTCVQFCUNCURKG\CUFGDCLQFGNQUTGHTKIGTCFQTGU
'ZVTCKICVQFQGNRQNXQFGNQUTGHTKIGTCFQTGUEQPWPEGRKNNQFGEGTFCU0QGORNGGPWPECWPEGRKNNQFG
CNCODTGUPKQDLGVQUOGVNKEQU
5GIWKFCOGPVGUQRNGEQPCKTGEQORTKOKFQGPUGPVKFQQRWGUVQCNHNWLQPQTOCN
5KGURTGEKUQSWGUGNKORKGPNQUTGHTKIGTCFQTGUEQPC[WFCFGWPFGVGTIGPVGEQPUWNVGC#VNCU%QREQ
0WPECWUGWPFKURQUKVKXQNKORKCFQTFGCIWCCCNVCRTGUKPRCTCNKORKCTGNEQORTGUQT
8NXWNCUFGUGIWTKFCF
2QUKEKPFGXNXWNCFGUGIWTKFCF
)#C)#
&GRUKVQFGCKTGEQPXNXWNCFGUGIWTKFCFGPWPKFCFGUOQPVCFCUGPFGRUKVQ
#EEKQPCOKGPVQ
#EEKQPGNCXNXWNCFGUGIWTKFCFFGUCVQTPKNNCPFQNCVCRCWPCQFQUXWGNVCU[CVQTPKNNPFQNCFGPWGXQ
2TWGDC
#PVGUFGSWKVCTNCXNXWNCFGUGIWTKFCFFGURTGUWTKEGGNEQORTGUQT
/CPWCNFGKPUVTWEEKQPGU
%QPUWNVGNCUGEEKP5QNWEKPFGRTQDNGOCU
.CXNXWNC
58RWGFGRTQDCTUGGPWPCNPGCFGCKTGEQORTKOKFQUGRCTCFC5KPQUGCDTGNCXNXWNCCNC
RTGUKPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU%QREQ
.CXNXWNC
58UGKPUVCNCGPXGTUKQPGUGPFGRUKVQ.CXNXWNCRWGFGRTQDCTUGGPWPCNPGCFGCKTG
EQORTKOKFQUGRCTCFC5KPQUGCDTGNCXNXWNCCNCRTGUKPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU
%QREQ
#XKUQ
0QUGRGTOKVGPKPIPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPNCXNXWNCFGUGIWTKFCF
/CPWCNFGKPUVTWEEKQPGU
5QNWEKPFGRTQDNGOCU
5QNWEKPFGRTQDNGOCU
#XKUQ
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQQTGRCTCEKPUQDTGGNEQORTGUQT
RWNUGGNDQVPFGRCTCFCGURGTGJCUVCSWGUGRCTGGNEQORTGUQT
CRTQZ
UGIWPFQURWNUGGNDQVPFGRCTCFCFGGOGTIGPEKC[FGUEQPGEVGGNXQNVCLG%KGTTGNC
XNXWNCFGUCNKFCFGCKTGCDTCGNFKURQUKVKXQFGFTGPCLGOCPWCN
&OGPWPKFCFGU
2CEM[CFGOUCDTCGNRWPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
&OGPWPKFCFGU
OQPVCFCUGPFGRUKVQ&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRPFGNNGPCFQFG
CEGKVG
(%WPCXWGNVC
2CTCKPHQTOCTUGUQDTGGNGORNC\COKGPVQFGNQUEQORQPGPVGUEQPUWNVGNCU
UGEEKQPGU
+PVTQFWEEKP
5KUVGOCFGEQPFGPUCFQ
#TTCPSWGKPKEKCN
#DTC[DNQSWGGGNKPVGTTWRVQTUGRCTCFQT
.CXNXWNCFGUCNKFCFGCKTGRWGFGUGTDNQSWGCFCFWTCPVGGNOCPVGPKOKGPVQQ
TGRCTCEKQPGUFGNCOCPGTCUKIWKGPVG
%KGTTGNCXNXWNC
'ZVTCKICGNVQTPKNNQSWGUWLGVCGNOCPIQEQPNCNNCXGSWGUGGPVTGICEQPGN
EQORTGUQT
.GXCPVGGNOCPIQ[ITGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC
XNXWNCGPECLGGPNCTCPWTCFGNOCPIQ
+PUVCNGGNVQTPKNNQ
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
(CNNQU[UQNWEKQPGU
'PEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+UKGN.'&FGCNCTOCGUVGPEGPFKFQQRCTRCFGC
EQPUWNVGNCUGEEKP#XKUQFGRCTCFCFGCNCTOC
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
&CVQUVEPKEQU
+PFKECEKQPGUGPGNFKURNC[
&KURNC[FGNTGIWNCFQT'NGMVTQPKMQP
4GIWNCFQT'NGMVTQPKMQP+
+ORQTVCPVG
.CUNGEVWTCUOGPEKQPCFCUCPVGTKQTOGPVGUQPXNKFCUDCLQNCUEQPFKEKQPGUFG
TGHGTGPEKC
XCUGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
4GHGTGPEKC .GEVWTC
2TGUKPFGUCNKFCFG (NWEVCGPVTGNCURTGUKQPGUFGFGUECTIC[ECTICRTQITCOCFCU
CKTG
6GORGTCVWTCFGUCNKFC 2CTC)#C)#u%
u(UQDTGNCVGORGTCVWTCFGNCKTGFG
FGNGNGOGPVQ TGHTKIGTCEKP
EQORTGUQT
6GORGTCVWTCFGNRWPVQ 2CTC)#C)#EQPUWNVGNCUGEEKP&CVQUFGNEQORTGUQTRCTC)#C
FGTQEQ )#
6COCQFGECDNGUGNEVTKEQU
#VGPEKP
.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPOUGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU
CDCLQ
.CECFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC
PGEGUCTKQWVKNK\CTECDNGUFGVCOCQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
GUVCGZKIGPEKC
/CPWCNFGKPUVTWEEKQPGU
6COCQFGECDNGU
#LWUVGUFGTGNFGUQDTGECTIC[HWUKDNGU
4GNFGUQDTGECTIC[HWUKDNGU
/CPWCNFGKPUVTWEEKQPGU
+PVGTTWRVQTGUFGNUGECFQT
+(&
)GPGTCNKFCFGU
.QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUVPCLWUVCFQUGPHDTKECRCTCQDVGPGTGNOZKOQ
TGPFKOKGPVQFGNUGECFQT
5GRTQJDGCNVGTCTGNCLWUVGFGFKEJQUFKURQUKVKXQU
%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
%QPFKEKQPGUFGTGHGTGPEKC
2TGUKP
CDUQNWVCFGGPVTCFCFGCKTG DCT
2TGUKP
CDUQNWVCFGGPVTCFCFGCKTG RUK
6GORGTCVWTCFGGPVTCFCFGCKTG u%
6GORGTCVWTCFGGPVTCFCFGCKTG u(
*WOGFCFTGNCVKXC
2TGUKPFGVTCDCLQRCTC)#CN)# %QPUWNVGNCUGEEKP&CVQUFGN
EQORTGUQTRCTC)#C)#
.OKVGU
2TGUKPOZKOCFGVTCDCLQRCTC)#CN)# %QPUWNVGNCUGEEKP&CVQUFGN
EQORTGUQTRCTC)#C)#
2TGUKPOPKOCFGVTCDCLQ DCT
G
2TGUKPOPKOCFGVTCDCLQ RUKI
6GORGTCVWTCOZKOCFGGPVTCFCFGCKTG u%
6GORGTCVWTCOZKOCFGGPVTCFCFGCKTG u(
6GORGTCVWTCOPKOCFGGPVTCFCFGCKTG u%
6GORGTCVWTCOPKOCFGGPVTCFCFGCKTG u(
&CVQUFGNEQORTGUQTRCTC)#C)#
%QPFKEKQPGUFGTGHGTGPEKC
6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKPUGCRNKECPDCLQEQPFKEKQPGUFG
TGHGTGPEKCXCUGNCUGEEKP%QPFKEKQPGUFGTGHGTGPEKC[NOKVGU
/CPWCNFGKPUVTWEEKQPGU
)#
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
)#
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
)#
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
/CPWCNFGKPUVTWEEKQPGU
+PUVTWEEKQPGURCTCGNWUQFGNFGRUKVQFGCKTG
+PUVTWEEKQPGUFGWUQ
+PUVTWEEKQPGU
'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN
SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
'UVGTGEKRKGPVGUGWUCTPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG
[HWPEKQPCTFGPVTQFGNQUNOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
0QFGDGTGCNK\CTPKPIWPCOQFKHKECEKPGPGUVGTGEKRKGPVGPKUQNFCPFQPKVCNCFTCPFQPK
RQTPKPIPQVTQOVQFQOGEPKEQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
5GKPFKECTPENCTCOGPVGNCRTGUKP[VGORGTCVWTCFGGUVGTGEKRKGPVG
.CXNXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTCPUKVQTKQUFGRTGUKPFG
XGEGUNCOZKOCRTGUKPRGTOKUKDNGFGVTCDCLQ&GDGICTCPVK\CTSWGNCRTGUKPPQ
GZEGFGTRGTOCPGPVGOGPVGNCOZKOCRTGUKPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
7VKNKEGUNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKECPVG
2QTNQVCPVQPQJC[PGEGUKFCFKPVTPUGECFGTGCNK\CTKPURGEEKQPGUKPVGTOGFKCUFGN
TGEKRKGPVGUKUVGUGWVKNK\CFGPVTQFGNQUNOKVGUFGFKUGQ[RCTCNQUHKPGUFGWUQRCTC
NQUSWGUGJCRTGXKUVQ
2CTCWPKFCFGUOQPVCFCUGPFGRUKVQCFGOU
&GDGGXKVCTUGNCEQTTQUKPGPEQPFKEKQPGUFGWUQ2WGFGCEWOWNCTUGEQPFGPUCEKPGP
GNKPVGTKQTFGNFGRUKVQ[UVGFGDGFTGPCTUGECFCFC'UVGRTQEGUQRWGFGTGCNK\CTUG
OCPWCNOGPVGCDTKGPFQNCXNXWNCFGFTGPCLGQDKGPOGFKCPVGFTGPCLGCWVQOVKEQUK
GUVKPUVCNCFQ
/CPWCNFGKPUVTWEEKQPGU
2'&
&KTGEVKXCUUQDTGGSWKRQUCRTGUKP
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP%'UWRGTKQTGUQGSWKXCNGPVGUCNC
ECVGIQTC++
%NCUKHKECEKPIGPGTCN
2CTC)#C)#NQUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKP
2'&RCTCGSWKRQU
EQPWPCECVGIQTCKPHGTKQTCNC%CVGIQTC++
GA 15, GA 18, GA 22
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.