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ĐŽŶŽŵşĂ
ŶĐƵĞƐƚĂ ĚĞ KĐƵƉĂĐŝſŶ ,ŽƚĞůĞƌĂ ;K,Ϳ
ĂƚŽƐ ĞŶĞƌŽ ĚĞ ϮϬϭϯ ;ĚĂƚŽƐ ƉƌŽǀŝƐŝŽŶĂůĞƐͿ
&ĞĐŚĂ ĚĞ ĂĐƚƵĂůŝnjĂĐŝſŶ ϬϰϬϯϮϬϭϯ
WƌŝŶĐŝƉĂůĞƐ ƌĞƐƵůƚĂĚŽƐ
ůŽ ůĂƌŐŽ ĚĞů ŵĞƐ ĚĞ ĞŶĞƌŽ ŚĂŶ ůůĞŐĂĚŽ Ă ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ϱϳϴϲϭ ǀŝĂũĞƌŽƐ ;ƌĞŐŝƐƚƌĂĚŽƐ ĞŶ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ
ŚŽƚĞůĞƌŽƐͿ ƋƵĞ ƌĞƉƌĞƐĞŶƚĂŶ Ğů ϭϱϲй ĚĞů ƚŽƚĂů ĚĞ ǀŝĂũĞƌŽƐ ƌĞŐŝƐƚƌĂĚŽƐ ĞŶ ƐƉĂŹĂ
Ğů ƚŽƚĂů ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ƌĞŐŝƐƚƌĂĚĂƐ ĞŶ ƐƉĂŹĂ Ğů Ϯϰϲй ƐĞ ŚĂŶ ƉƌŽĚƵĐŝĚŽ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ
dĂďůĂ ϭ ĞŵĂŶĚĂ ŚŽƚĞůĞƌĂ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ LJ ĞŶ ƐƉĂŹĂ ƉŽƌ ůƵŐĂƌ ĚĞ ƌĞƐŝĚĞŶĐŝĂ ĚĞů ǀŝĂũĞƌŽ ;ĞŶĞƌŽ
ϮϬϭϯͿ
dŽƚĂůǀŝĂũĞƌŽƐĞŶƚƌĂŶƚĞƐ WĞƐŽ
ǀŝĂũĞƌŽƐ
dŽƚĂůƉĞƌŶŽĐƚĂĐŝŽŶĞƐ WĞƐŽ
ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ
ƐƚĂŶĐŝĂŵĞĚŝĂ
/ůůĞƐĂůĞĂƌƐ ƐƉĂŹĂ /ůůĞƐĂůĞĂƌƐ ƐƉĂŹĂ /ůůĞƐĂůĞĂƌƐ ƐƉĂŹĂ
ƐƉĂŹĂ
ůĞŵĂŶŝĂ
&ƌĂŶĐŝĂ
/ƚĂůŝĂ
ZĞŝŶŽhŶŝĚŽ
ZĞƐƚŽĚĞŶŽ
ƌĞƐŝĚĞŶƚĞƐ
dŽƚĂů
Ϯϲϳϭϭ ϮϭϭϭϭϬϯ ϭϮϳ ϵϵϵϵϰ ϰϰϰϲϰϰϴ ϮϮϱ ϯϳϰ
ϮϭϬϯϴ Ϯϯϭϵϱϯ ϵϬϳ ϭϰϯϵϴϲ ϭϴϳϬϰϱϳ ϳϳϬ ϲϴϰ
ϱϯϯ ϭϰϲϰϬϬ Ϭϯϲ ϭϱϰϴ ϯϵϲϭϬϮ Ϭϯϵ Ϯϵϭ
ϰϭϳ ϵϯϴϮϱ Ϭϰϰ ϭϭϰϵ ϯϯϯϲϭϴ Ϭϯϰ Ϯϳϱ
ϮϳϮϰ ϮϱϴϬϴϮ ϭϬϲ ϭϬϮϮϮ ϭϲϭϭϮϭϱ Ϭϲϯ ϯϳϱ
ϲϰϯϵ ϴϳϲϴϯϲ Ϭϳϯ ϯϳϬϵϯ ϯϮϴϱϯϬϱ ϭϭϯ ϱϳϲ
ϱϳϴϲϭ ϯϳϭϴϭϵϵ ϭϱϲ ϮϵϯϵϵϮ ϭϭϵϰϯϭϰϱ Ϯϰϲ ϱϬϴ ϯϮϭ
'ƌĄĨŝĐŽ ϭ ŝƐƚƌŝďƵĐŝſŶ ƉĂƌĂ ƐƉĂŹĂ ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ĚĞ ůŽƐ ƌĞƐŝĚĞŶƚĞƐ ĞŶ ůĞŵĂŶŝĂ LJ ZĞŝŶŽ hŶŝĚŽ
;ĞŶĞƌŽ ϮϬϭϯͿ
ͺͺͺͺͺͺͺͺͺZ^/Ed^ E >DE/ͺͺͺͺͺͺͺ ͺͺZ^/Ed^ E Z/EK hE/Kͺͺͺͺͺͺͺͺͺͺ
;Ϳ ĂƚŽ ŶŽ ĚŝƐƉŽŶŝďůĞ
WŽƌ ƉĂşƐĞƐ ůŽƐ ƚƵƌŝƐƚĂƐ ŵĄƐ ŶƵŵĞƌŽƐŽƐ ůůĞŐĂĚŽƐ Ăů ĐŽŶũƵŶƚŽ ĚĞ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƐŽŶ ůŽƐ ĂůĞŵĂŶĞƐ LJ ůŽƐ
ďƌŝƚĄŶŝĐŽƐ ZĞƐƉĞĐƚŽ Ăů ĐŽŶũƵŶƚŽ ĞƐƉĂŹŽů ƌĞƉƌĞƐĞŶƚĂŶ Ğů ϵϬϳй LJ Ğů ϭϬϲй ĚĞů ƚŽƚĂů ƌĞƐƉĞĐƚŝǀĂŵĞŶƚĞ
Ğů ƚŽƚĂů ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ƌĞŐŝƐƚƌĂĚĂƐ ĞŶ ƐƉĂŹĂ Ă ůŽ ůĂƌŐŽ ĚĞů ŵĞƐ ĚĞ ĞŶĞƌŽ ĚĞƐƚĂĐĂ ƋƵĞ Ğů ϳϳϬй ĚĞ
ůŽƐ ĂůĞŵĂŶĞƐ ƋƵĞ ŚĂŶ ůůĞŐĂĚŽ ŚĂŶ ƉĞƌŶŽĐƚĂĚŽ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ LJ ĚĞ ůŽƐ ďƌŝƚĄŶŝĐŽƐ Ğů Ϭϲϯй ĚĞů ƚŽƚĂů
,QVWLWXW G(VWDGtVWLFD GH OHV ,OOHV %DOHDUV KWWSZZZLEHVWDWFDW $H SHWLFLRQV#LEHVWDWFDLEHV
'ƌĄĨŝĐŽ Ϯ dĂƐĂ ĚĞ ǀĂƌŝĂĐŝſŶ ĂŶƵĂů ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ĚĞ ĞŶĞƌŽ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ LJ ƐƉĂŹĂ
'ƌĄĨŝĐŽ ϯ ŝƐƚƌŝďƵĐŝſŶ ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ĚĞ ǀŝĂũĞƌŽƐ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ LJ ĞŶ ƐƉĂŹĂ ƐĞŐƷŶ ůƵŐĂƌ ĚĞ
ƌĞƐŝĚĞŶĐŝĂ ;ĞŶĞƌŽ ϮϬϭϯͿ
/>>^ >Z^
^WH
ů ϲϱϵϵй ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ƌĞĂůŝnjĂĚĂƐ ĞŶ Ğů ŵĞƐ ĚĞ ĞŶĞƌŽ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ĐŽƌƌĞƐƉŽŶĚĞ Ă
ĞdžƚƌĂŶũĞƌŽƐ ŵŝĞŶƚƌĂƐ ƋƵĞ ĞŶ ƐƉĂŹĂ ƐƵƉŽŶĞŶ ƵŶ ϲϮϳϳй ĚĞů ƚŽƚĂů ĚĞ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ Ŷ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ Ğů
ϮϵϬϴй ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ĞŶ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ŚŽƚĞůĞƌŽƐ ƉƌŽĐĞĚĞ ĚĞ ŽƚƌĂƐ ĐŽŵƵŶŝĚĂĚĞƐ ĂƵƚſŶŽŵĂƐ LJ ƵŶ
ϰϵϯй ƐŽŶ ƌĞƐŝĚĞŶƚĞƐ ĚĞ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ
,QVWLWXW G(VWDGtVWLFD GH OHV ,OOHV %DOHDUV KWWSZZZLEHVWDWFDW $H SHWLFLRQV#LEHVWDWFDLEHV
dĂďůĂ Ϯ KĨĞƌƚĂ ŚŽƚĞůĞƌĂ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ LJ ĞŶ ƐƉĂŹĂ ƉŽƌ ĐĂƚĞŐŽƌşĂƐ ;ĞŶĞƌŽ ϮϬϭϯͿ
EƷŵ
ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ
ĂďŝĞƌƚŽƐĞƐƚŝŵĂĚŽƐ
WĞƐŽ
ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ
EƷŵƉůĂnjĂƐĞƐƚŝŵĂĚĂƐ WĞƐŽ
ƉůĂnjĂƐ
'ƌĂĚŽĚĞŽĐƵƉĂĐŝſŶ
ƉŽƌƉůĂnjĂƐ;йͿ
/ůůĞƐĂůĞĂƌƐ ƐƉĂŹĂ /ůůĞƐĂůĞĂƌƐ ƐƉĂŹĂ /ůůĞƐĂůĞĂƌƐ ƐƉĂŹĂ
ŝŶĐŽĞƐƚƌĞůůĂƐ
ĚĞŽƌŽ
ƵĂƚƌŽĞƐƚƌĞůůĂƐ
ĚĞŽƌŽ
dƌĞƐĞƐƚƌĞůůĂƐĚĞ
ŽƌŽ
ZĞƐƚŽĚĞ
ĐĂƚĞŐŽƌşĂƐ
dKd>
ϳ ϮϮϮ ϯϭϴ ϭϱϰϯ ϳϮϬϬϯ Ϯϭϰ ϮϱϬϮ ϰϭϭϲ
ϰϭ ϭϲϰϮ Ϯϰϴ ϵϰϵϱ ϰϲϭϬϴϮ ϮϬϲ ϯϲϵϱ ϰϯϬϲ
Ϯϵ ϭϴϲϵ ϭϱϳ ϭϬϭϭϱ Ϯϱϳϰϴϴ ϯϵϯ ϰϵϰϬ ϰϬϭϴ
ϱϴ ϴϳϱϳ Ϭϲϲ ϮϳϵϬ ϮϳϱϬϲϲ ϭϬϭ
ϭϯϱ ϭϮϰϵϭ ϭϬϴ Ϯϯϵϰϯ ϭϬϲϱϲϯϴ ϮϮϱ ϯϵϱϮ ϯϱϵϰ
'ƌĄĨŝĐŽ ϰ ŝƐƚƌŝďƵĐŝſŶ ĚĞů ŶƷŵĞƌŽ ĚĞ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ LJ ƐƉĂŹĂ ƉŽƌ ĐĂƚĞŐŽƌşĂƐ ;ĞŶĞƌŽ
ϮϬϭϯͿ
ͺͺͺͺͺͺͺͺͺ/>>^ >Z^ͺͺͺͺͺͺͺ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ͺͺ^WHͺͺͺͺͺͺͺͺͺͺ
;Ϳ ĂƚŽ ŶŽ ĚŝƐƉŽŶŝďůĞ
Ŷ ĞŶĞƌŽ ŚĂ ŚĂďŝĚŽ ϭϯϱ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ŚŽƚĞůĞƌŽƐ ĂďŝĞƌƚŽƐ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƋƵĞ ƌĞƉƌĞƐĞŶƚĂŶ Ğů ϭϬϴй
ĚĞů ƚŽƚĂů ĚĞ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ĂďŝĞƌƚŽƐ ĞŶ Ğů ĐŽŶũƵŶƚŽ ĞƐƉĂŹŽů LJ Ϯϯϵϰϯ ƉůĂnjĂƐ ƋƵĞ ƌĞƉƌĞƐĞŶƚĂŶ Ğů ϮϮϱй ĚĞů
ƚŽƚĂů ĚĞ ůĂƐ ĚŝƐƉŽŶŝďůĞƐ ĞŶ ƐƉĂŹĂ
ů ϯϱϯϲй ĚĞ ůŽƐ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ŚŽƚĞůĞƌŽƐ ĂďŝĞƌƚŽƐ ĚĞ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƐŽŶ ĚĞ ϰ Ž ϱ ĞƐƚƌĞůůĂƐ ŵŝĞŶƚƌĂƐ
ƋƵĞ ĞŶ ƐƉĂŹĂ ůŽ ƐŽŶ Ğů ϭϰϵϮй
,QVWLWXW G(VWDGtVWLFD GH OHV ,OOHV %DOHDUV KWWSZZZLEHVWDWFDW $H SHWLFLRQV#LEHVWDWFDLEHV
dĂďůĂ ϯ dĂƌŝĨĂ ŵĞĚŝĂ ĚŝĂƌŝĂ ;ZͿ Ğ ŝŶŐƌĞƐŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ ĚŝƐƉŽŶŝďůĞ ;ZĞǀWZͿ ƉŽƌ ĐĂƚĞŐŽƌşĂƐ ŚŽƚĞůĞƌĂƐ
ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ;ΦͿ
ŶĞƌŽϮϬϭϭ ŶĞƌŽϮϬϭϮ ŶĞƌŽϮϬϭϯ
Z ZĞǀWZ Z ZĞǀWZ Z ZĞǀWZ
ŝŶĐŽĞƐƚƌĞůůĂƐĚĞŽƌŽ
ƵĂƚƌŽĞƐƚƌĞůůĂƐĚĞŽƌŽ
dƌĞƐĞƐƚƌĞůůĂƐĚĞŽƌŽ
dKd>
ϭϭϰϮ Ϯϵϵ ϭϮϭϭ Ϯϰϵ ϭϱϳϬ ϰϱϯ
ϲϯϴ Ϯϰϳ ϲϰϯ ϮϱϮ ϲϮϰ Ϯϴϭ
ϰϳϬ ϮϬϲ ϰϮϱ ϭϴϰ ϰϵϴ ϮϴϮ
ϱϳϯ ϮϮϮ ϱϱϮ ϮϬϴ ϱϳϬ Ϯϲϳ
'ƌĄĨŝĐŽ ϱ ǀŽůƵĐŝſŶ ĚĞ ůĂ ƚĂƌŝĨĂ ŵĞĚŝĂ ĚŝĂƌŝĂ ;ZͿ ƉŽƌ ĐĂƚĞŐŽƌşĂƐ ŚŽƚĞůĞƌĂƐ ;ΦͿ
'ƌĄĨŝĐŽ ϲ ǀŽůƵĐŝſŶ ĚĞ ůŽƐ ŝŶŐƌĞƐŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ ĚŝƐƉŽŶŝďůĞ ;ZĞǀWZͿ ƉŽƌ ĐĂƚĞŐŽƌşĂƐ ŚŽƚĞůĞƌĂƐ ;ΦͿ
>Ă ĞǀŽůƵĐŝſŶ ĚĞ ůŽƐ ŝŶŐƌĞƐŽƐ ŵĞĚŝŽƐ ĚŝĂƌŝŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ ŽĐƵƉĂĚĂ ;ZͿ ƐĞŐƷŶ ůĂ ĐĂƚĞŐŽƌşĂ ŚŽƚĞůĞƌĂ
ŵƵĞƐƚƌĂ ƵŶĂ ĨƵĞƌƚĞ ĞƐƚĂĐŝŽŶĂůŝĚĂĚ
>Ă ĞǀŽůƵĐŝſŶ ĚĞ ůŽƐ ŝŶŐƌĞƐŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ ĚŝƐƉŽŶŝďůĞ ;ZĞǀWZͿ ŵƵĞƐƚƌĂ ƚĂŵďŝĠŶ ƵŶĂ ĨƵĞƌƚĞ
ĞƐƚĂĐŝŽŶĂůŝĚĂĚ Ŷ ůĂ ƚĞŵƉŽƌĂĚĂ ĂůƚĂ ƐĞ ĂĐĞŶƚƷĂŶ ůĂƐ ĚŝĨĞƌĞŶĐŝĂƐ ĚĞ ŝŶŐƌĞƐŽƐ ƐĞŐƷŶ ůĂƐ ĐĂƚĞŐŽƌşĂƐ ŵŝĞŶƚƌĂƐ
ƋƵĞ ĞŶ ůĂ ƚĞŵƉŽƌĂĚĂ ĚĞ ďĂũĂ ŽĐƵƉĂĐŝſŶ ĞƐƚŽƐ ŝŶŐƌĞƐŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ ĚŝƐƉŽŶŝďůĞ ƐĞ ĂĐĞƌĐĂŶ
ĐŽŶƐŝĚĞƌĂďůĞŵĞŶƚĞ
,QVWLWXW G(VWDGtVWLFD GH OHV ,OOHV %DOHDUV KWWSZZZLEHVWDWFDW $H SHWLFLRQV#LEHVWDWFDLEHV
dĂďůĂ ϰ ĞŵĂŶĚĂ ŚŽƚĞůĞƌĂ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƉŽƌ njŽŶĂƐ ƚƵƌşƐƚŝĐĂƐ ;ĞŶĞƌŽ ϮϬϭϯͿ
ŽŶĂƚƵƌşƐƚŝĐĂ dŽƚĂůǀŝĂũĞƌŽƐĞŶƚƌĂŶƚĞƐ dŽƚĂůƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ƐƚĂŶĐŝĂŵĞĚŝĂĚĞůŽƐǀŝĂũĞƌŽƐ
DĂůůŽƌĐĂ ϱϭϴϰϳ Ϯϳϲϵϯϲ ϱϯϰ
;ϭϬϭͿWůĂLJĂĚĞWĂůŵĂ ϭϱϳϰϴ ϭϮϮϮϱϱ ϳϳϲ
;ϭϬϮͿWĂůŵĂĐŝƵĚĂĚ Ϯϯϲϴϳ ϰϲϲϳϰ ϭϵϳ
;ϭϬϯͿDĂůůŽƌĐĂƉŽŶŝĞŶƚĞ ϱϬϱϵ ϰϴϮϴϭ ϵϱϰ
;ϭϬϰͿdƌĂŵƵŶƚĂŶĂĞŝŶƚĞƌŝŽƌ
;ϭϬϱͿWŽůůĞŶĕĂ
;ϭϬϲͿůĐƷĚŝĂDƵƌŽLJ^ĂŶƚĂDĂƌŐĂůŝĚĂ
;ϭϬϳͿƌƚăLJĂƉĚĞƉĞƌĂ
;ϭϬϴͿDĂůůŽƌĐĂůĞǀĂŶƚĞ
;ϭϬϵͿDĂůůŽƌĐĂƐƵƌ
DĞŶŽƌĐĂ
;ϮϭϬͿDĞŶŽƌĐĂƉŽŶŝĞŶƚĞ
;ϮϭϭͿDĞŶŽƌĐĂůĞǀĂŶƚĞ
ŝǀŝƐƐĂ
;ϯϭϮͿŝǀŝƐƐĂŶŽƌƚĞ
;ϯϭϯͿŝǀŝƐƐĂƐƵƌ
&ŽƌŵĞŶƚĞƌĂ
;ϰϭϰͿ&ŽƌŵĞŶƚĞƌĂ
'ƌĄĨŝĐŽ ϳ ŝƐƚƌŝďƵĐŝſŶ ƉŽƌĐĞŶƚƵĂů ĚĞ ůĂƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƉŽƌ njŽŶĂƐ ƚƵƌşƐƚŝĐĂƐ ;ĞŶĞƌŽ
ϮϬϭϯͿ
,QVWLWXW G(VWDGtVWLFD GH OHV ,OOHV %DOHDUV KWWSZZZLEHVWDWFDW $H SHWLFLRQV#LEHVWDWFDLEHV
dĂďůĂ ϱ KĨĞƌƚĂ ŚŽƚĞůĞƌĂ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƉŽƌ njŽŶĂƐ ƚƵƌşƐƚŝĐĂƐ ;ĞŶĞƌŽ ϮϬϭϯͿ
ŽŶĂƚƵƌşƐƚŝĐĂEƷŵĚĞĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ
ĂďŝĞƌƚŽƐEƷŵĚĞƉůĂnjĂƐ 'ƌĂĚŽĚĞŽĐƵƉĂĐŝſŶƉŽƌƉůĂnjĂƐ;йͿ
DĂůůŽƌĐĂ ϭϭϬ Ϯϭϵϰϳ ϰϬϲϭ
;ϭϬϭͿWůĂLJĂĚĞWĂůŵĂ Ϯϱ ϳϬϲϵ ϱϱϰϰ
;ϭϬϮͿWĂůŵĂĐŝƵĚĂĚ ϯϲ ϲϯϯϱ Ϯϯϳϱ
;ϭϬϯͿDĂůůŽƌĐĂƉŽŶŝĞŶƚĞ ϭϰ ϯϲϯϭ ϰϮϴϵ
;ϭϬϰͿdƌĂŵƵŶƚĂŶĂĞŝŶƚĞƌŝŽƌ
;ϭϬϲͿůĐƷĚŝĂDƵƌŽLJ^ĂŶƚĂ
DĂƌŐĂůŝĚĂ
;ϭϬϳͿƌƚăLJĂƉĚĞƉĞƌĂ
;ϭϬϴͿDĂůůŽƌĐĂůĞǀĂŶƚĞ
;ϭϬϵͿDĂůůŽƌĐĂƐƵƌ
DĞŶŽƌĐĂ
;ϮϭϬͿDĞŶŽƌĐĂƉŽŶŝĞŶƚĞ
;ϮϭϭͿDĞŶŽƌĐĂůĞǀĂŶƚĞ
ŝǀŝƐƐĂ
;ϯϭϮͿŝǀŝƐƐĂŶŽƌƚĞ
;ϯϭϯͿŝǀŝƐƐĂƐƵƌ
'ƌĄĨŝĐŽ ϴ KĨĞƌƚĂ ŚŽƚĞůĞƌĂ ĞŶ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƉŽƌ njŽŶĂƐ ƚƵƌşƐƚŝĐĂƐ ;ĞŶĞƌŽ ϮϬϭϯͿ
DĄƐ ŝŶĨŽƌŵĂĐŝſŶ ĚŝƐƉŽŶŝďůĞ ĞŶ Ğů ǁĞď ĚĞů /^dd
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽхKĐƵƉĂĐŝſŶ ĚĞ ůĂ ŽĨĞƌƚĂ ƚƵƌşƐƚŝĐĂхŶĐƵĞƐƚĂ ĚĞ ŽĐƵƉĂĐŝſŶ ŚŽƚĞůĞƌĂ
/ŶĨŽƌŵĂĐŝſŶ ƌĞůĂĐŝŽŶĂĚĂ
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽхKĐƵƉĂĐŝſŶ ĚĞ ůĂ ŽĨĞƌƚĂ ƚƵƌşƐƚŝĐĂхŶĐƵĞƐƚĂ ĚĞ ŽĐƵƉĂĐŝſŶ ĞŶ ĂƉĂƌƚĂŵĞŶƚŽƐ
ƚƵƌşƐƚŝĐŽƐ
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽхKĐƵƉĂĐŝſŶ ĚĞ ůĂ ŽĨĞƌƚĂ ƚƵƌşƐƚŝĐĂх ŶĐƵĞƐƚĂ ĚĞ ŽĐƵƉĂĐŝſŶ ĞŶ ĂůŽũĂŵŝĞŶƚŽƐ
ĚĞ ƚƵƌŝƐŵŽ ƌƵƌĂů
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽхKĐƵƉĂĐŝſŶ ĚĞ ůĂ ŽĨĞƌƚĂ ƚƵƌşƐƚŝĐĂх ŶĐƵĞƐƚĂ ĚĞ ŽĐƵƉĂĐŝſŶ ĞŶ ĐĂŵƉŝŶŐƐ
ƚƵƌşƐƚŝĐŽƐ
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽх1ŶĚŝĐĞ ĚĞ ƉƌĞĐŝŽƐ ŚŽƚĞůĞƌŽƐ
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽх1ŶĚŝĐĞ ĚĞ ŝŶŐƌĞƐŽƐ ŚŽƚĞůĞƌŽƐ
ƐƚĂĚşƐƚŝĐĂƐхĐŽŶŽŵşĂхdƵƌŝƐŵŽхůŽũĂŵŝĞŶƚŽƐ ƚƵƌşƐƚŝĐŽƐ
ƐƚĂĚşƐƚŝĐĂƐ хWŽďůĂĐŝſŶхƐƚƵĚŝŽƐ ĚĞŵŽŐƌĄĨŝĐŽƐх/ŶĚŝĐĂĚŽƌ ĚĞ ƉƌĞƐŝſŶ ŚƵŵĂŶĂ
/ŶĨŽƌŵĂĐŝſŶ ŵĞƚŽĚŽůſŐŝĐĂ
>Ă ĞŶĐƵĞƐƚĂ ĚĞ ŽĐƵƉĂĐŝſŶ ŚŽƚĞůĞƌĂ ;K,Ϳ ĚĞ ƉĞƌŝŽĚŝĐŝĚĂĚ ŵĞŶƐƵĂů ƐĞ ƌĞĂůŝnjĂ Ă ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ƋƵĞ
ƉƌŽƉŽƌĐŝŽŶĂŶ ƐĞƌǀŝĐŝŽƐ ĚĞ ĂůŽũĂŵŝĞŶƚŽ ŚŽƚĞůĞƌŽ ƐƚĂ ŽƉĞƌĂĐŝſŶ ůĂ ƌĞĂůŝnjĂ Ğů /E Ă ŶŝǀĞů ŶĂĐŝŽŶĂů ;ĂƐĞŐƵƌĂŶĚŽ
ůĂ ĐŽŵƉĂƌĂďŝůŝĚĂĚ ĚĞ ůŽƐ ĚĂƚŽƐ ĞŶƚƌĞ ƚŽĚĂƐ ůĂƐ Ϳ LJ Ğů /ďĞƐƚĂƚ Ă ƚƌĂǀĠƐ ĚĞ ƵŶ ĐŽŶǀĞŶŝŽ ĨŝƌŵĂĚŽ ĞŶƚƌĞ
ĂŵďŽƐ ŽƌŐĂŶŝƐŵŽƐ ƌĞĂůŝnjĂ ƵŶĂ ĞdžƉůŽƚĂĐŝſŶ ĚĞ ĚĂƚŽƐ ĞƐƉĞĐşĨŝĐĂ ƉĂƌĂ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ƐƚĂ ŽƉĞƌĂĐŝſŶ
ĞƐƚĂĚşƐƚŝĐĂ ƉƌŽƉŽƌĐŝŽŶĂ ŝŶĨŽƌŵĂĐŝſŶ ƐŽďƌĞ ůĂ ŽĨĞƌƚĂ ƌĞůĂƚŝǀĂ Ă ůŽƐ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ŚŽƚĞůĞƌŽƐ ;ŶƷŵĞƌŽ ĚĞ
ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ ĂďŝĞƌƚŽƐ ƉůĂnjĂƐ ĞƐƚŝŵĂĚĂƐ LJ ŐƌĂĚŽ ĚĞ ŽĐƵƉĂĐŝſŶͿ LJ ƉŽƌ Ğů ůĂĚŽ ĚĞ ůĂ ĚĞŵĂŶĚĂ
ŝŶĨŽƌŵĂĐŝſŶ ĐŽƌƌĞƐƉŽŶĚŝĞŶƚĞ Ă ůŽƐ ǀŝĂũĞƌŽƐ ĞŶƚƌĂĚŽƐ ;ŶƷŵĞƌŽ ĚĞ ǀŝĂũĞƌŽƐ ƉĞƌŶŽĐƚĂĐŝŽŶĞƐ LJ ĞƐƚĂŶĐŝĂ ŵĞĚŝĂͿ
>Ă ĞŶĐƵĞƐƚĂ ƉĞƌŵŝƚĞ ĂĚĞŵĄƐ ĐŽŶŽĐĞƌ ůŽƐ ŝŶĚŝĐĂĚŽƌĞƐ ĚĞ ƌĞŶƚĂďŝůŝĚĂĚ ĚĞů ƐĞĐƚŽƌ ŚŽƚĞůĞƌŽ ĠƐƚŽƐ ƐŽŶ Ğů Z
;ǀĞƌĂŐĞ ĂŝůLJ ZĂƚĞͿ Ž ƚĂƌŝĨĂ ŵĞĚŝĂ ĚŝĂƌŝĂ ƋƵĞ ƌĞĨůĞũĂ ůŽƐ ŝŶŐƌĞƐŽƐ ŵĞĚŝŽƐ ĚŝĂƌŝŽƐ ŽďƚĞŶŝĚŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ
ŽĐƵƉĂĚĂ LJ Ğů ZĞǀWZ ;ZĞǀĞŶƵĞ ƉĞƌ ǀĂŝůĂďůĞ ZŽŽŵͿ Ž ŝŶŐƌĞƐŽƐ ƉŽƌ ŚĂďŝƚĂĐŝſŶ ĚŝƐƉŽŶŝďůĞ ŶƚƌĞ ĂŵďŽƐ
ŝŶĚŝĐĂĚŽƌĞƐ ĞdžŝƐƚĞ ůĂ ƐŝŐƵŝĞŶƚĞ ƌĞůĂĐŝſŶ
>Ă ĞdžƉůŽƚĂĐŝſŶ ĞƐƉĞĐşĨŝĐĂ ƋƵĞ ůůĞǀĂ Ă ĐĂďŽ Ğů /ďĞƐƚĂƚ ƉƌŽƉŽƌĐŝŽŶĂ ŵĞŶƐƵĂůŵĞŶƚĞ ĚĂƚŽƐ ƉŽƌ ŝƐůĂƐ LJ njŽŶĂƐ
ƚƵƌşƐƚŝĐĂƐ >ĂƐ njŽŶĂƐ ƚƵƌşƐƚŝĐĂƐ ƉĂƌĂ ůĂƐ ƋƵĞ ƐĞ ŽĨƌĞĐĞ ŝŶĨŽƌŵĂĐŝſŶ ĞƐƚĄŶ ĚĞůŝŵŝƚĂĚĂƐ ĞŶ ĐŽůĂďŽƌĂĐŝſŶ ĐŽŶ ůĂ
ŐĞŶĐŝĂ ĚĞ dƵƌŝƐŵŽ ĚĞ ůĂƐ /ůůĞƐ ĂůĞĂƌƐ ;ƚďͿ dĂŶƚŽ ƉĂƌĂ ůĂƐ ŝƐůĂƐ ĐſŵŽ ƉĂƌĂ ůĂƐ njŽŶĂƐ ƐĞ ĚŝĨƵŶĚĞ
ŝŶĨŽƌŵĂĐŝſŶ ƚĂŶƚŽ ĚĞ ůĂ ŽĨĞƌƚĂ ĐŽŵŽ ĚĞ ůĂ ĚĞŵĂŶĚĂ ĚĞƐĂŐƌĞŐĂĚĂ ƉŽƌ ůĂ ĐĂƚĞŐŽƌşĂ ĚĞ ůŽƐ ĞƐƚĂďůĞĐŝŵŝĞŶƚŽƐ LJ
Ğů ƉĂşƐ ĚĞ ƌĞƐŝĚĞŶĐŝĂ ĚĞ ůŽƐ ǀŝĂũĞƌŽƐ ĞŶƚƌĂĚŽƐ
DĂƉĂ ĚĞ ůĂƐ njŽŶĂƐ ƚƵƌşƐƚŝĐĂƐ ;ŝͿ
ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ
;ŝͿ DĂůůŽƌĐĂ
;ϭϬϭͿ WůĂƚũĂ ĚĞ WĂůŵĂ ĂŶ WĂƐƚŝůůĂ ^ΖƌĞŶĂů ;WĂůŵĂ ŝ >ůƵĐŵĂũŽƌͿ
;ϭϬϮͿ WĂůŵĂ ĐŝƵƚĂƚ WĂůŵĂ ĐŝƵƚĂƚ ĂůĂ DĂũŽƌ ^ĂŶƚ ŐƵƐƚş Ɛ DŽůŝŶĂƌ ŝƵƚĂƚ :ĂƌĚş ^ŽŶ ^ĂƌĚŝŶĂ ^ŽŶ &ĞƌƌŝŽů ^ƚ :ŽƌĚŝ ĂƐĂ ůĂŶĐĂ
;ϭϬϯͿ DĂůůŽƌĐĂ ƉŽŶĞŶƚ Ăůǀŝă ;/ůůĞƚĞƐ WŽƌƚĂůƐ ŽƐƚĂ ĚĞŶ ůĂŶĞƐ WĂůŵĂŶŽǀĂ DĂŐĂůůƵĨ ^ĂŶƚĂ WŽŶĕĂ ŽƐƚĂ ĚĞ ůĂ ĂůŵĂ WĞŐƵĞƌĂ
ĂƉĚĞůůăͿ ŶĚƌĂƚdž WŽƌƚ ĚŶĚƌĂƚdž ^ĂŶƚ ůŵ ů ĂŵƉ ĚĞ DĂƌ
;ϭϬϰͿ dƌĂŵƵŶƚĂŶĂ ŝ ŝŶƚĞƌŝŽƌ ƐƚĞůůĞŶĐƐ ƐĐŽƌĐĂ ƐƉŽƌůĞƐ &ŽƌŶĂůƵƚdž Ğŝă ĂŶLJĂůďƵĨĂƌ ^ſůůĞƌ WƵŝŐƉƵŶLJĞŶƚ ĂŵƉĂŶĞƚ DĂŶĐŽƌ ĚĞ
ůĂ sĂůů ^ĞůǀĂ ^Ă WŽďůĂ ƷŐĞƌ >ůƵďş ^ŝŶĞƵ ŽƐƚŝƚdž ^ĞŶĐĞůůĞƐ ^ĂŶƚĂ ƵŐğŶŝĂ DĂƌƌĂƚdžş ^ĂŶƚĂ DĂƌŝĂ ĚĞů Ăŵş ůĂƌſŝŶŝƐƐĂůĞŵ /ŶĐĂ
ŽŶƐĞůů >ůŽƐĞƚĂ >ůŽƌĞƚ ĚĞ sŝƐƚĂůĞŐƌĞ ^ĂŶƚ :ŽĂŶ ůŐĂŝĚĂ DŽŶƚƺŝƌŝ sŝůĂĨƌĂŶĐĂ WŽƌƌĞƌĞƐ WĞƚƌĂ ƌŝĂŶLJ DĂƌŝĂ ĚĞ ůĂ ^ĂůƵƚ ƵŶLJŽůĂ
sĂůůĚĞŵŽƐƐĂ
;ϭϬϱͿ WŽůůĞŶĕĂ WŽůůĞŶĕĂ ;WŽƌƚ WŽůůĞŶĕĂ &ŽƌŵĞŶƚŽƌ ĂůĂ ^ĂŶƚ sŝĐĞŶĕͿ
;ϭϬϲͿ ůĐƷĚŝĂ DƵƌŽ ŝ ^ĂŶƚĂ DĂƌŐĂůŝĚĂ ^ĂŶƚĂ DĂƌŐĂůŝĚĂ DƵƌŽ ůĐƷĚŝĂ ;ĂŶ WŝĐĂĨŽƌƚ WůĂƚũĂ ĚĞ DƵƌŽ ĂĚŝĂ ĚΖůĐƷĚŝĂ ůĐĂŶĂĚĂ
DĂů WĂƐͿ
;ϭϬϳͿ ƌƚă ŝ ĂƉĚĞƉĞƌĂ ĂƉĚĞƉĞƌĂ ƌƚă ;ĂůĂ ZĂƚũĂĚĂ &ŽŶƚ ĚĞ ƐĂ ĂůĂ ĂŶLJĂŵĞů ŽůžŶŝĂ ĚĞ ^ƚ WĞƌĞͿ
;ϭϬϴͿ DĂůůŽƌĐĂ ůůĞǀĂŶƚ DĂŶĂĐŽƌ ^ĂŶƚ >ůŽƌĞŶĕ ^ŽŶ ^ĞƌǀĞƌĂ ;ĂůĂ DƵƌĂĚĂ ĂůĞƐ ĚĞ DĂůůŽƌĐĂ ĂůĂ DĞŶĚŝĂ WŽƌƚŽĐƌŝƐƚŽ ^Ζ/ůůŽƚ
;DĂŶĂĐŽƌ ŝ ^ƚ >ůŽƌĞŶĕͿ ^Ă ŽŵĂ ĂůĂ DŝůůŽƌ ĂůĂ ŽŶĂ ŽƐƚĂ ĚĞůƐ WŝŶƐͿ
;ϭϬϵͿ DĂůůŽƌĐĂ ƐƵƌ &ĞůĂŶŝƚdž ^ĂŶƚĂŶLJş ;ĂůĂ ĚΖKƌ WŽƌƚŽƉĞƚƌŽ WŽƌƚŽĐŽůŽŵ ĂůĂ &ĞƌƌĞƌĂͿ ^ĞƐ ^ĂůŝŶĞƐ ŝ ĂŵƉŽƐ
DĞŶŽƌĐĂ
;ϮϭϬͿ DĞŶŽƌĐĂ ƉŽŶĞŶƚ ŝƵƚĂĚĞůůĂ ĚĞ DĞŶŽƌĐĂ &ĞƌƌĞƌŝĞƐ Ɛ DŝŐũŽƌŶ 'ƌĂŶ
;ϮϭϭͿ DĞŶŽƌĐĂ ůůĞǀĂŶƚ Ɛ DĞƌĐĂĚĂů ůĂŝŽƌ DĂſ Ɛ ĂƐƚĞůů ^ĂŶƚ >ůƵşƐ
ŝǀŝƐƐĂ
;ϯϭϮͿ ŝǀŝƐƐĂ ŶŽƌĚ ^ĂŶƚ ŶƚŽŶŝ ĚĞ WŽƌƚŵĂŶLJ ^ĂŶƚ :ŽĂŶ ĚĞ >ĂďƌŝƚũĂ
;ϯϭϯͿ ŝǀŝƐƐĂ ƐƵĚ ^ĂŶƚ :ŽƐĞƉ ĚĞ ůĂ dĂůĂŝĂ ŝǀŝƐƐĂ ^ĂŶƚĂ ƵůăƌŝĂ ĚĞƐ ZŝƵ
&ŽƌŵĞŶƚĞƌĂ
;ϰϭϰͿ &ŽƌŵĞŶƚĞƌĂ
,QVWLWXW G(VWDGtVWLFD GH OHV ,OOHV %DOHDUV KWWSZZZLEHVWDWFDW $H SHWLFLRQV#LEHVWDWFDLEHV