Download SOLUTIONS DE FIXATION PNEUMATI4UES
Transcript
® ZZZLWZLQGXVWU\IU 62/87,216'(),;$7,21 31(80$7,48(6 Clouage | Agrafage | Ancrage | Logiciels ZZZLWZLQGXVWU\IU ,7:,QGXVWU\HVWXQHVRFLpWpGXJURXSH,7:,OOLQRLV7RRO:RUNV ,7:HVWXQJURXSHGpFHQWUDOLVpGHSOXVGHXQLWpVFRPPHUFLDOHVHWLQGXVWULHOOHVHWGHSOXVGHFROODERUDWHXUV UpSDUWLVVXUSD\V ,7:GLVSRVHGHSOXVG·XQVLqFOHG·H[SpULHQFHGDQVODFRQFHSWLRQHWODIDEULFDWLRQGHV\VWqPHVGHIL[DWLRQHWG·pTXLSHPHQWV WHFKQLTXHVGDQVOHGRPDLQHGHODFRQVWUXFWLRQPDLVDXVVLGHO·DXWRPRELOHHWGHO·HPEDOODJH/HJURXSHV·HQJDJHSDUWRXW GDQVOHPRQGHjRIIULUDX[XWLOLVDWHXUVGHVHVSURGXLWVGHVVROXWLRQVWHFKQRORJLTXHVjIRUWHYDOHXUDMRXWpH 3OXV GH EUHYHWV VRQW DLQVL GpWHQXV SDU ,7: GDQV OH PRQGH IUXLWV GH OD FROODERUDWLRQ GHV pTXLSHV GX FHQWUH GH UHFKHUFKHGH&KLFDJRHWGHVEXUHDX[G·pWXGHVORFDX[ 6RXFLHX[GHPDvWULVHUODIDEULFDWLRQHWODTXDOLWpGHVHVSURGXLWVDXF±XUGHVHVPDUFKpV,7:LQYHVWLWVDQVFHVVHGDQVGHV VLWHVGHSURGXFWLRQGpGLpVHWGDQVO·DPpOLRUDWLRQSHUPDQHQWHGHVRQRXWLOLQGXVWULHO ,7:,QGXVWU\HVWXQHVRFLpWpGHODGLYLVLRQ´,7:3URGXLWVSRXUOD&RQVWUXFWLRQµ6RQRIIUHFRPSUHQG GHVVROXWLRQVGHIL[DWLRQ3DVORGH'XR)DVW+DXEROGHW7RROPDWLF GHVDQFUDJHVSRXUO·DVVHPEODJHERLVERLVHWERLVEpWRQ&XOOHQ GHVVROXWLRQVORJLFLHOVSRXUODFRQFHSWLRQGHPDLVRQjRVVDWXUHERLVKVE&$' /HJURXSHSRVVqGHGHQRPEUHXVHVXVLQHVGHIDEULFDWLRQHQ(XURSH0LGGHOIDUW'DQHPDUN%XUJRV(VSDJQH9DOHQFH )UDQFH+HPPLQJHQ$OOHPDJQH*OHQURWKHV(FRVVH3RUWR3RUWXJDO )RUWHGHVRQH[SpULHQFHGDQVOHGRPDLQHGHODFRQVWUXFWLRQERLVHWGHODIDEULFDWLRQGHIHUPHWWHVLQGXVWULHOOHV,7:,QGXVWU\ SURSRVH GHVSURGXLWVGHTXDOLWpUHFRQQXVVXUVHVPDUFKpV ODSpUHQQLWpGXIDEULFDQW XQHH[SHUWLVHTXLYRXVDFFRPSDJQHGDQVYRVGpYHORSSHPHQWV XQHJDPPHFRPSOqWHUpSRQGDQWjYRVEHVRLQVDOODQWGHODFRQFHSWLRQjO·LQGXVWULDOLVDWLRQ XQHpTXLSHGHSURIHVVLRQQHOVjYRWUHpFRXWHSRXUTXLODVDWLVIDFWLRQGXFOLHQWHVWODSULRULWp 3DVORGH'XR)DVWHW+DXEROG DQVG·H[SpULHQFHGDQVOHVV\VWqPHVGHÀ[DWLRQ /D VRFLpWp 3DVORGH D pWp IRQGpH HQ HW FRQQDvW j SUpVHQW XQH UHQRPPpH LQWHUQDWLRQDOH 3DVORGH GLVSRVH GX SOXV JUDQG VDYRLUIDLUH GDQV OH GRPDLQH GHV FORXHXUV SQHXPDWLTXHV GHV SRLQWHV GH ILQLWLRQ HW GHVSRLQWHVVXUEDQGHSDSLHU ® 'XR)DVWDGpEXWpVRQDFWLYLWpHQVRXVOHQRP©)DVWHQHU&RUSRUDWLRQª 'XR)DVW HVW VSpFLDOLVpH GDQV OH GRPDLQH GHV SRLQWHV DVVHPEOpHV VXU EDQGHSODVWLTXH +DXEROG D UHMRLQW OH JURXSH ,7: HQ HW DSSRUWH SOXV GH DQV G·H[SpULHQFHGDQVOHGRPDLQHGHVV\VWqPHVG·DJUDIDJH'HSXLVOD VRFLpWpWUDYDLOOHHQpWURLWHFROODERUDWLRQDYHFGHVIDEULFDQWVGHPDWpULDX[ GHFRQVWUXFWLRQ 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 6RPPDLUH *pQpUDOLWpV /H6HUYLFH,7:,QGXVWU\ 3URGXFWLRQHXURSpHQQH 6DQWpVpFXULWp 3URWHFWLRQFRQWUHODFRUURVLRQ (XURFRGHPDUTXDJH&( 7RROPDWLFQRWUHJDPPHSRXUOLJQHVDXWRPDWLVpHV 6ROXWLRQVGHFORXDJH *XLGHVGHVpOHFWLRQ &ORXHXUVSRXUSRLQWHVHQURXOHDX[EDQGHSODVWLTXH &ORXHXUVSRXUSRLQWHVHQURXOHDX[ILOVVRXGpV &ORXHXUVSRXUSRLQWHVHQEDQGHSDSLHU &ORXHXUVSRXUSRLQWHVHQEDQGHSODVWLTXH &ORXHXUVSRXUSRLQWHVGHILQLWLRQ &ORXHXUVSRXUDSSOLFDWLRQVVSpFLDOHV MRLQWVGHERXWVDQFUDJHVEDUGHDX[ELWXPpV 6ROXWLRQVG·DJUDIDJH *XLGHVGHVpOHFWLRQ $JUDIHXVHVSRXUIL[DWLRQOpJqUHjPR\HQQH $JUDIHXVHVSRXUIL[DWLRQORXUGH $JUDIHXVHVPDQXHOOHVHWpOHFWULTXH $JUDIHXVHVFURFR $JUDIHXVHjFDSVXOHVVSpFLDOHSDUHSOXLHSDUHYDSHXU &RPSUHVVHXUVHWDFFHVVRLUHVSRXUV\VWqPHVSQHXPDWLTXHV )LFKHVSURGXLWV ZZZLWZLQGXVWU\IU ,1752'8&7,21 *pQpUDOLWpV /DSUHPLqUHSDUWLHGHFHFDWDORJXHGHODSDJHjSUpVHQWHQRVRXWLOVHWFRQVRPPDEOHVGHPDQLqUHV\QWKpWLTXH 'DQV OD GHX[LqPH SDUWLH j SDUWLU GH OD SDJH YRXV WURXYHUH] GHV ILFKHV SURGXLWV GpWDLOOpHV 'DQV OD SUHPLqUH SDUWLHOHVILFKHVVRQWVLJQDOpHVSDUOHSLFWRJUDPPHFLFRQWUH/HQXPpURLQGLTXHODSDJHGHODILFKH *XLGHVGHVpOHFWLRQ $ILQGHUHSpUHUUDSLGHPHQWO·RXWLOFRUUHVSRQGDQWjYRWUHDSSOLFDWLRQ QRXV DYRQV FUpp GHV JXLGHV GH VpOHFWLRQ VHORQ OD SODJH GH FRQVRPPDEOHVGHFKDTXHRXWLOHWVHORQO·DSSOLFDWLRQGpVLUpH3RXU OHVSRLQWHVYRXVUHWURXYH]FHVJXLGHVSDJHVjHWSRXUOHV DJUDIHVSDJHVHW /HVHUYLFH,7:,QGXVWU\ 6(59,&(&OLHQWV 'HSXLV QRWUH VLqJH VRFLDO GH %RXUJ /qV 9DOHQFH 'U{PH OH VHUYLFH FOLHQWV YRXV DFFRPSDJQH GX FKRL[ GH O·RXWLO RX GX FRQVRPPDEOH MXVTX·j O·HQUHJLVWUHPHQW HW DX VXLYLGHYRVFRPPDQGHV 6(59,&(&RPPHUFLDO 1RWUH DPELWLRQ HVW GH GpYHORSSHU XQ SDUWHQDULDW IRUW DYHF QRV FOLHQWV $ YRV F{WpV FKDTXH MRXU HW SDUWRXW HQ )UDQFH QRV WHFKQLFRFRPPHUFLDX[ YRXV JXLGHQW GDQV OH FKRL[GHVSURGXLWVOHVPLHX[DGDSWpVjYRVDSSOLFDWLRQV &RQWDFWH]QRVWHFKQLFRFRPPHUFLDX[ 6HFWHXU1RUG2XHVW 'pSDUWHPHQWV 7pOpSKRQH 6HFWHXU1RUG 'pSDUWHPHQWV 7pOpSKRQH 6HFWHXU1RUG(VW 'pSDUWHPHQWV 7pOpSKRQH 6HFWHXU&HQWUH 'pSDUWHPHQWV 7pOpSKRQH 6HFWHXU(VW 'pSDUWHPHQWV 7pOpSKRQH 6HFWHXU6XG2XHVW 'pSDUWHPHQWV 7pOpSKRQH 6HFWHXU6XG(VWHW&RUVH 'pSDUWHPHQWV 7pOpSKRQH 6(59,&($SUqVYHQWH ,7: ,QGXVWU\ HIIHFWXH OD UpSDUDWLRQ GHV RXWLOV j SDUWLU GH VRQ VHUYLFH DSUqVYHQWH GH %RXUJ/qV9DOHQFH/HUHFRXUVjGHVWUDQVSRUWHXUVUDSLGHVQRXVSHUPHWGHJDUDQWLUXQ VHUYLFHDSUqVYHQWHHIILFDFH 7RXVQRVWHFKQLFLHQVVRQWIRUPpVHWH[SpULPHQWpVGDQVODPDLQWHQDQFHHWODUpSDUDWLRQ GHVDSSDUHLOV/HXUSULRULWpHVWG·DVVXUHUOHXUERQIRQFWLRQQHPHQWHQWRXWHVpFXULWpDILQ G·DXJPHQWHUODSURGXFWLYLWpGHQRVFOLHQWV 3RXU WRXW SUREOqPH DYHF YRV RXWLOV FRQWDFWH] QRWUH VHUYLFH FOLHQWV ,O RUJDQLVHUD O·HQOqYHPHQWGHO·RXWLOHWYRXVIRXUQLUDXQGHYLVDYDQWUpSDUDWLRQ 7RXWH GHPDQGH HIIHFWXpH DYDQW K SHUPHW XQ HQOqYHPHQW OH MRXU PrPH SRXU XQH OLYUDLVRQGDQVQRVORFDX[OHMRXUVXLYDQW 6(59,&(7pOpFKDUJHPHQW ZZZLWZLQGXVWU\IU 7RXVQRVFDWDORJXHVILFKHVWHFKQLTXHVHWOHVYXHVpFODWpHVGHVRXWLOVVRQWGLVSRQLEOHV DXIRUPDWSGIVXUQRWUHVLWHLQWHUQHW &·HVWDXVVLVXUQRWUHVLWHLQWHUQHWTXHYRXVUHWURXYH]OHVQRXYHDX[SURGXLWVHW WRXWH QRWUHDFWXDOLWp 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU ,1752'8&7,21 3URGXFWLRQHXURSpHQQH 8QLWpGHYHQWHV 8QLWpGHSURGXFWLRQ ,7: ,QGXVWU\ V·HQJDJH j SURGXLUH HQ (XURSH j WUDYHUV SOXVLHXUVXQLWpVGHSURGXFWLRQGHSRLQWHVHWG·DJUDIHV 'DQHPDUN(VSDJQH3RUWXJDO5pSXEOLTXH7FKqTXH /HVRXWLOVVRQWIDEULTXpVHQ)UDQFHHWHQ$OOHPDJQHOD JDPPHG·DQFUDJHVDX5R\DXPH8QLDX'DQHPDUNHWHQ )LQODQGH *UkFH j QRWUH FHQWUH GH UHFKHUFKH VSpFLDOLVp GDQV OD IL[DWLRQERLVVLWXpDX'DQHPDUNQRWUHH[SHUWLVHWHFKQLTXH HWQRWUHVDYRLUIDLUHGDQVFHGRPDLQHVRQWGXSOXVKDXW QLYHDX 3DU DLOOHXUV QRXV FROODERURQV DYHF GH QRPEUHXVHV XQLYHUVLWpV HW LQVWLWXWV WHFKQLTXHV HXURSpHQV &HV SDUWHQDULDWV QRXV SHUPHWWHQW G·REWHQLU XQH pYDOXDWLRQ LPSDUWLDOH GH QRV SURGXLWV HW GH PLHX[ FRPSUHQGUH OHV UHODWLRQV FRPSOH[HV TXL H[LVWHQW HQWUH OHV IL[DWLRQV OHV DQFUDJHVOHERLVO·DFLHUHWOHEpWRQ 1RWUH SURGXFWLRQ HXURSpHQQH QRXV SHUPHW G·DVVXUHU XQFRQWU{OHTXDOLWpVWULFWHWGHUpSRQGUHUDSLGHPHQWDX[ H[LJHQFHVGXPDUFKp 6DQWpVpFXULWp (16\VWqPHGHÀ[DWLRQV 3OXV TXH GHV SURGXLWV ,7: ,QGXVWU\ D FKRLVL GH YRXV (1 SURSRVHU GHV © V\VWqPHV GH IL[DWLRQ ª 1RXV DYRQV FRQoX 1RUPHGH GpYHORSSp WHVWp HW PLV VXU OH PDUFKp GHV RXWLOV HW GHV VpFXULWp IL[DWLRQVTXLUHVSHFWHQWOHVSUHVFULSWLRQVGHVpFXULWpGpFULWHV HXURSpHQQH GDQVODQRUPH(1©0DFKLQHVSRUWDWLYHVjPRWHXUQRQ pOHFWULTXH3UHVFULSWLRQVGHVpFXULWp3DUWLH0DFKLQHVj HQIRQFHUOHVIL[DWLRQVª&HWWHQRUPHLQGLTXHTXHOHVIL[DWLRQVpQXPpUpHVGDQVOHPDQXHOG·XWLOLVDWLRQGHO·RXWLOHWO·RXWLOOXL PrPHFRQVLWXHQWXQ©V\VWqPHªHQWHUPHGHVpFXULWp 9LEUDWLRQPDLQEUDV /DPHVXUHGXQLYHDXGHYLEUDWLRQGHQRVRXWLOVIDLWSDUWLHGHOHXUGpFODUDWLRQGHFRQIRUPLWpSRXUOHPDUTXDJH&(/HV QLYHDX[GHYLEUDWLRQLQGLTXpVGDQVQRVILFKHVSURGXLWVUHSUpVHQWHQWODYLEUDWLRQHQJHQGUpHSDUXQpYqQHPHQWVLPSOHVHORQ OH&(1,6276GpFULWGDQVODQRUPH(1 1LYHDXGHEUXLW /HQLYHDXGHEUXLWSHXWrWUHPHVXUpVHORQGHX[FULWqUHVODSUHVVLRQDFRXVWLTXHHWODSXLVVDQFHDFRXVWLTXH/DSUHVVLRQ DFRXVWLTXHPHVXUHOHVRVFLOODWLRQVGHODSUHVVLRQDXGHOjGHODSUHVVLRQDWPRVSKpULTXHQRUPDOH(OOHGpSHQGGHODGLVWDQFH HQWUHO·DSSDUHLOGHPHVXUHHWO·RXWLODLQVLTXHGHO·HQYLURQQHPHQWGDQVOHTXHOOHWHVWHVWUpDOLVp/DSUHVVLRQDFRXVWLTXHHVW XQpOpPHQWLPSRUWDQWjSUHQGUHHQFRQVLGpUDWLRQSXLVTX·HOOHPHVXUHO·LQWHQVLWpGXEUXLWHWOHULVTXHGHGpWpULRUDWLRQGH O·DXGLWLRQGHO·XWLOLVDWHXU /DSXLVVDQFHDFRXVWLTXHPHVXUHOHVRQWRWDOUD\RQQpSDUO·RXWLOLQGpSHQGDPPHQWGHVDGLUHFWLRQ/DSXLVVDQFHDFRXVWLTXH HVWXQHFDUDFWpULVWLTXHGHO·RXWLOHOOHQHGpSHQGSDVGHO·HQYLURQQHPHQW /HVQLYHDX[GHSXLVVDQFHDFRXVWLTXHVRQWXWLOHVSRXU FDOFXOHU OH QLYHDX GH SUHVVLRQ DFRXVWLTXH G·XQ RX GH SOXVLHXUV RXWLOV j XQH GLVWDQFH HW GDQV XQ HQYLURQQHPHQW GpWHUPLQp FRPSDUHUOHQLYHDXGHEUXLWGHGLIIpUHQWVRXWLOV GpILQLUOHQLYHDXGHEUXLWPD[LPXPG·XQRXWLO FRPSDUHUOHVPDFKLQHVDYDQWHWDSUqVODPLVHHQSODFHGHPHVXUHVYLVDQWjGLPLQXHUOHQLYHDXGHEUXLW /HV QLYHDX[ GH EUXLW LQGLTXpV GDQV QRV ILFKHV SURGXLWV VRQW GRQQpV SDU OH QLYHDX GH SUHVVLRQ DFRXVWLTXH G·pPLVVLRQ SRQGpUp/3$HWOHQLYHDXGHSXLVVDQFHDFRXVWLTXHSRQGpUp/:$&HVQLYHDX[RQWpWpPHVXUpVVXLYDQWO·(1©&RGH G·HVVDLDFRXVWLTXHSRXUOHVPDFKLQHVjHQIRQFHUOHVIL[DWLRQV0pWKRGHG·H[SHUWLVHªGDQVODQRUPH(1,OVVRQW GpFULWVDLQVL OH QLYHDX GH SUHVVLRQ DFRXVWLTXH G·XQ pYqQHPHQW VLPSOH SRQGpUp $ DX SRVWH GH WUDYDLO /3$ V PHVXUp j P GHUULqUHHWPDXGHVVXVGXFHQWUHGHO·RXWLO&HWHPSODFHPHQWUHSUpVHQWHODSRVLWLRQDSSUR[LPDWLYHGHO·RUHLOOHGH O·XWLOLVDWHXU OHQLYHDXGHSUHVVLRQDFRXVWLTXHG·XQpYqQHPHQWVLPSOHSRQGpUp$/3$VPPHVXUpjHPSODFHPHQWVSUpGpILQLVIRLV OHQLYHDXGHSXLVVDQFHDFRXVWLTXHG·XQpYqQHPHQWVLPSOHSRQGpUp$/:$VFDOFXOpjSDUWLUGH/3$VP ZZZLWZLQGXVWU\IU ,1752'8&7,21 3URWHFWLRQFRQWUHODFRUURVLRQ ,7: ,QGXVWU\ RIIUH XQH ODUJH JDPPH GH FRQVRPPDEOHV IDEULTXpV j SDUWLU G·DFLHUV GH WUqV KDXWH TXDOLWp DYHF GHV UHYrWHPHQWV VSpFLDX[ FRUUHVSRQGDQW j GLIIpUHQWV QLYHDX[ GH SURWHFWLRQ FRQWUH OD FRUURVLRQ &HV GLIIpUHQWHV ILQLWLRQV SHUPHWWHQWO·XWLOLVDWLRQGHQRVFRQVRPPDEOHVGDQVGLYHUVHQYLURQQHPHQWVHWOHXUSHUPHWWHQWGHUpSRQGUHDX[QRUPHV QDWLRQDOHVHXURSpHQQHVHWLQWHUQDWLRQDOHVHQYLJXHXUHQSDUWLFXOLHUjO·(XURFRGH /HV FODVVHV GH VHUYLFH GpILQLHV GDQV O·(XURFRGH GpWHUPLQHQW OH QLYHDX GH SURWHFWLRQ FRQWUH OD FRUURVLRQ XWLOLVp HQ (XURSH &HV FODVVHV GH VHUYLFH GpSHQGHQW VXUWRXW GH O·KXPLGLWp GX ERLV XWLOLVp ,O HVW DXVVL LPSRUWDQW GH SUHQGUH HQ FRQVLGpUDWLRQODYDULDWLRQGHVIDFWHXUVHQYLURQQHPHQWDX[UHODWLIVjODORFDOLVDWLRQGHODFRQVWUXFWLRQSDUH[HPSOHHQPLOLHX UXUDORXXUEDLQODSUR[LPLWpGHODPHURXDXWUHDWPRVSKqUHDJUHVVLYH 3OXVEDVQRXVDYRQVLGHQWLILpODGXUDELOLWpDWWHQGXHGHFKDTXHILQLWLRQTXHQRXVSURSRVRQVHQXWLOLVDQWODFODVVLILFDWLRQGHV HQYLURQQHPHQWVGRQQpHGDQVO·(1,621RXVYRXVUHFRPPDQGRQVGHYRXV\UHSRUWHUSRXUSOXVGHSUpFLVLRQV &ODVVLÀFDWLRQGHV &RQGLWLRQVW\SHV HQYLURQQHPHQWV FOLPDWWHPSpUp & $O·LQWpULHXUGHFRQVWUXFWLRQVFKDXIIpHVDYHFXQHDWPRVSKqUHSURSUHXQHKXPLGLWpUHODWLYHIDLEOHHWDYHFSHXGH SRVVLELOLWpGHFRQGHQVDWLRQRXG·KXPLGLWp & (QLQWpULHXURFFDVLRQQHOOHPHQWKXPLGHRXPRXLOOpFRQVWUXFWLRQVQRQFKDXIIpHVRLO\DSRVVLELOLWpGH FRQGHQVDWLRQ (QH[WpULHXUDYHFXQHDWPRVSKqUHIDLEOHPHQWSROOXpHHWHQFOLPDWVHFODSOXSDUWGXWHPSVGDQVOHV]RQHV UXUDOHVHWOHVHQGURLWVDEULWpV & (QYLURQQHPHQWVXUEDLQVHWLQGXVWULHOVD\DQWXQHSROOXWLRQHQ62IDLEOH =RQHVF{WLqUHVjIDLEOHVDOLQLWp & (QYLURQQHPHQWVLQGXVWULHOVD\DQWXQHSROOXWLRQHQ62pOHYpH =RQHVF{WLqUHVjVDOLQLWpPRGpUpH & (QYLURQQHPHQWVLQGXVWULHOVD\DQWXQHKXPLGLWpLPSRUWDQWHHWjDWPRVSKqUHDJUHVVLYH =RQHVF{WLqUHVjVDOLQLWppOHYpH $ILQ GH UHSpUHU IDFLOHPHQW OD ILQLWLRQ GH QRV FRQVRPPDEOHV HW FKRLVLU FHOOH TXL FRUUHVSRQGjYRWUHDSSOLFDWLRQQRXVDYRQVPLVHQSODFHXQFRGHFRXOHXUTXHYRXV UHWURXYH]GDQVFHFDWDORJXHHWVXUOHVpWLTXHWWHVGHQRVERvWHV ),1,7,21 &/$66('(6(59,&((19,5211(0(17 6WDQGDUG0pWDOQX3DVGH SURWHFWLRQFRQWUHODFRUURVLRQ 3RXUOHVSRLQWHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGHHQLQWpULHXUVHF (OHFWURJDOYDQLVDWLRQ PPLQLPXP 3RXUOHVSRLQWHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGH/DGXUDELOLWp DWWHQGXHHVWGHDQVHQHQYLURQQHPHQW&RXDQVHQHQYLURQQHPHQW& (OHFWURJDOYDQLVDWLRQ PPLQLPXP 3RXUOHVSRLQWHVHWOHVDJUDIHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGH 3RXUOHVDJUDIHVLOV·DJLWGXQLYHDXGHSURWHFWLRQPLQLPXPPrPHSRXUODFODVVHGHVHUYLFH /DGXUDELOLWpDWWHQGXHHVWGHDQVHQHQYLURQQHPHQW&RXDQVHQHQYLURQQHPHQW& *DOY3OXV PPLQLPXP 3URSULpWpLQWHOOHFWXHOOHG·,7: /DILQLWLRQ*DOY3OXVDpWpGpYHORSSpHSDU,7:,OV·DJLWG·XQDOOLDJH]LQFDOXPLQLXPSHUPHWWDQW XQHDXJPHQWDWLRQGHGHODSURWHFWLRQFRQWUHODFRUURVLRQFRPSDUpjXQUHYrWHPHQWSXU]LQF /HILOXWLOLVpSRXUODIDEULFDWLRQGHFHVFRQVRPPDEOHVHVWSUpUHYrWX 3RXUOHVSRLQWHVHWOHVDJUDIHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGH /DGXUDELOLWpDWWHQGXHHVWGHDQVHQHQYLURQQHPHQW&RXDQVHQHQYLURQQHPHQW& *DOYDQLVDWLRQjFKDXG+'* PPLQLPXP /HVFRQVRPPDEOHVVRQWSORQJpVGDQVXQEDLQGH]LQFIRQGX 3RXUOHVSRLQWHVHWOHVDJUDIHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGH /DGXUDELOLWpDWWHQGXHHVWGHDQVHQHQYLURQQHPHQW&RXDQVHQHQYLURQQHPHQW& ,QR[$$,6, 3RXUOHVSRLQWHVHWOHVDJUDIHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGH /DGXUDELOLWpDWWHQGXHHQHQYLURQQHPHQW&HVWGHSOXVGHDQV&HSHQGDQWO·DSSDULWLRQG·XQH GpFRORUDWLRQVXSHUILFLHOOHHVWSRVVLEOH ,QR[$$,6, 3RXUOHVSRLQWHVHWOHVDJUDIHVVDWLVIDLWOHVH[LJHQFHVGHOD&ODVVHGHVHUYLFHGHO·(XURFRGH $GDSWpDX[HQYLURQQHPHQWV&HW&$XFXQHGpFRORUDWLRQ $ILQGHFKRLVLUODILQLWLRQODPLHX[DGDSWpHLOIDXWDXVVLSUHQGUHHQFRPSWHOHWUDLWHPHQWXWLOLVpVXUOHERLVHWOHVHVVHQFHV GHERLVTXLSHXYHQWUpDJLUDYHFODILQLWLRQ3DUH[HPSOHLOHVWWRXMRXUVUHFRPPDQGpG·XWLOLVHUGHVIL[DWLRQVHQLQR[DYHFOHV EDUGDJHVHQ:HVWHUQ5HG&HGDUFKDWDLJQHUFKrQHIUqQHRXPpOq]H /HVLQIRUPDWLRQVFLGHVVXVVRQWGRQQpHVjWLWUHG·LQIRUPDWLRQXQLTXHPHQW/HVFDUDFWpULVWLTXHVGHQRVSURGXLWVVRQWPRGLILpHVHWDPpOLRUpHVUpJXOLqUHPHQW /HFKRL[GHODIL[DWLRQGRLWrWUHIDLWSDUXQLQJpQLHXUFRQQDLVVDQWOHVFRQGLWLRQVVSpFLILTXHVjO·HQYLURQQHPHQWGDQVOHTXHOVHVLWXHODFRQVWUXFWLRQ3RXUSOXV G·LQIRUPDWLRQVPHUFLGHFRQWDFWHUOHVHUYLFHFOLHQWV 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU ,1752'8&7,21 (XURFRGHPDUTXDJH&( 4XHVRQWOHV(XURFRGHV" /HV(XURFRGHVIRXUQLVVHQWGHVUqJOHVGHFDOFXOVWUXFWXUHOFRPPXQHVSRXUOHFDOFXOJOREDOGHVVWUXFWXUHV'HSOXVODFRKpUHQFH HVWQpFHVVDLUHHQWUHOHVVSpFLILFDWLRQVWHFKQLTXHVKDUPRQLVpHV(1HW$7(SRXUOHVSURGXLWVGHFRQVWUXFWLRQHWOHVUqJOHV WHFKQLTXHVSRXUOHVRXYUDJHV(QRXWUHWRXWHLQIRUPDWLRQDFFRPSDJQDQWOHPDUTXDJH&(GHVSURGXLWVGHFRQVWUXFWLRQ VHUpIpUDQWDX[(XURFRGHVGRLWFODLUHPHQWIDLUHDSSDUDvWUHOHVSDUDPqWUHVGpWHUPLQpVDXQLYHDXQDWLRQDOTXLRQWpWpSULV HQFRPSWH 3DUFRQVpTXHQWOHV(XURFRGHVFUpHQWXQFDGUHQRUPDWLITXLYRXVRIIUHSOXVGHVpFXULWpHWGHILDELOLWpSRXUODUpDOLVDWLRQGH YRVVWUXFWXUHV 'HSXLVWRXWHVOHVVWUXFWXUHVERLVGRLYHQWrWUHFRQoXHVVXLYDQWOHVUqJOHVGHO·(XURFRGH(&/HVUqJOHVGHFDOFXO RQWpWpXQLILpHVSRXUWRXWHO·(XURSHDYHFQRWDPPHQWSRXUOHERLVODSXEOLFDWLRQGHO·(XURFRGH(1 /HVDYDQWDJHVGHV(XURFRGHV /HV(WDWV0HPEUHVGHO·8QLRQ(XURSpHQQHUHFRQQDLVVHQWTXHOHV(XURFRGHVVHUYHQWGHGRFXPHQWVGHUpIpUHQFHSRXU OHVXVDJHVVXLYDQWV FRPPHPR\HQGHSURXYHUODFRQIRUPLWpGHVEkWLPHQWVHWGHVRXYUDJHVGHJpQLHFLYLODX[H[LJHQFHVHVVHQWLHOOHVGH OD'LUHFWLYHGX&RQVHLO&((HQSDUWLFXOLHUDX[([LJHQFHVGH6WDELOLWpHW5pVLVWDQFH0pFDQLTXHDLQVLTXHOD 6pFXULWpHQFDVG·LQFHQGLH FRPPHEDVHGHVSpFLILFDWLRQGHVFRQWUDWVSRXUOHVWUDYDX[GHFRQVWUXFWLRQHWOHVVHUYLFHVWHFKQLTXHVDVVRFLpV FRPPHFDGUHG·pWDEOLVVHPHQWGHVSpFLILFDWLRQVWHFKQLTXHVKDUPRQLVpHVSRXUOHVSURGXLWVGHFRQVWUXFWLRQ(1HW $JUpPHQW7HFKQLTXH(XURSpHQ$7( 20 F I C HE T E C HN I Q UE 5 7\SHG )LFKH WHFK )LQLWLR HSRLQWH FUDQ QLTXH Q(O (OH &RQG WpH² HFWUR RJ GLDPq LWLRQQ FWU JD DOY OYD DQ HP QLV WUH LVp Pointes en rouleau 0° No. 3.4. DIAMETRE 92 EN 145 Tête en D Dh 2 TIGE RounD Dh 34° FINITION • Acier inoxydable + finition CONDITIONNEMENT • Rouleau bande plastique 0° Ds • 3,1 ntée • Cra S® LV-PLU 34° • GA papier TRE DIAME TIGE ,7: ,QGXVWU\ IRXUQLW GHV IL[DWLRQV TXL UpSRQGHQW DX[ FULWqUHV GH O·(XURFRGH HWPHWjGLVSRVLWLRQGHVILFKHVWHFKQLTXHVHWXQORJLFLHOGHFDOFXODILQGHYRXV DFFRPSDJQHUGDQVOHFKRL[GHODVROXWLRQODSOXVDGDSWpH • 2,5 1 rive ATI ON TEC - PRO • Diamètre de la tige Ds1 : 2,50 mm Lp • Diamètre de la tête Dh2: Tête standard = 5,70 mm Tête bombée = 5,85 mmen violet TIO N r la fixat • Pou on Finiti ® PLUS GALV- Zn/Al Alliage e par band : texte LUS • Longueur des pointes Lt1 40 : pointes GALV-P 35 / 40 / 45 / 50 / 55 / 60 / 65 / 70 mm e band tes par ® UFRPP ERLV2 3527 DQGHVS 6%FR (&7,2 pFLDOH QWUHSOD &RXOHXU 1&Lt 21 Dp Dp TXpVXU Lring 75(/ Lring ERLV O¶pWLTXH GH $&25 WWH &ODVVHG 526,2 HVH 1 (XURFR UYLFH GHLp Lp )LQLWLRQ 8WLOLVDWL /·(XURFR RQHQ LQWp GHLQG SUHQ ULHXU GSD *DOYD ORFDOHV VHQFRQ LTXHXQLTXH ȝP SDUWLH 1RXVY VLGpUDWLR PHQWOD RXV QOH SUR SRX UGpWHUPFRQVHLOO VFRQGLW WHFWLRQPLQ LPDOHL LQHUODSRQVGHYRX LRQVHQY OQH &$5$ URWHFWLR VUHSRU LURQQHP &7(5 325 pointes par rouleau QDSSURS WHUjO·,6 HQWDOHV ,67,48 2 ULpH 5pV (6' LVWDQFH ,0(16 HQWUD ,216 'LD PARAMETRES CARACTERISTIQUES PqWUH FWLRQG XILO 5” ou testés 'LD“Calculés GH ODWLJHselon l’EUROCODE PqWUH 1PP GV és Classeion de service Couleur de M [Nmm PP 'LD Déboutonnage GXILOH Moment de flexion òPLQL Finition Tract “Ca lcul WDJTraction Eurocode 5 ] l’étiquette PqWUH H GS ] 2 900 f [N/mm ] GH M [Nmm] f [N/mm age /RQ ODWrWH f [N/mm Classe de service 1 PP utonn Débo JXHXU Utilisation GK 19,8 2 050 ] 10,1 en intérieur O PP GHVSR 6,6 [N/mm P f inoxydable Classe de service 2 Acier P OJPP LQWHVO Utilisation en extérieur Jaune A2 20,7 - AISI 304 GXIL protégé A4 - AISI 316 OHWDJH /RQ JXH Classe de service 3 GOJ XU ELV . Utilisation en extérieur HDXWpH 350 kg/m 3RLQWH bois de VWDQGD OS ue du par des éristiq P ués UGELV P é caract être dimin 7ROpU rs DIMENSIONS DES POINTES* une densit HDXuneWpH densité caractéristique du bois de 350 kg/m . FRQIR DQFHVSRXULes valeurs sont données pour es pour doivent toujou . UPHV ODORQ donné • Les paramètres caractéristiques doivent toujours être diminués par des ues calcul APPLICATION 36 poin - PROTECTION CONTRE QUE S LA CORROSION ERI STI ODE 5” n • Pour la fixation bois-bois CAR ACTn l’EU ROC flexio ent de ETR ES és selo Mom ] PAR AM ou test y,k CON TRE ROS LA COR ION 2 2 head,kk ax,k 2 ax,kk y,kk 2 head,k ur de Coule uette l’étiq -bois ion bois Lp • Résistance en traction du fil : 700 N/mm2 minimum • Diamètre du filetage Dp : 2,64 mm QUE : ERI STI du fil traction ce en mum istan 2 Ds 1 : • Rés N/mm mini tige 700 de la ètre Dp : • Diam mm age : 3,10 du filet / Dh 2 ètre Dh 1 Dh / • Diam mm tête 3,20 de la ètres 5,30 mm Lt : • Diam / 7,60 / tes 1 poin 6,50 des mm gueur 90 • Lon 75 / 80 / 63 / Lring Dp e servic e de Class ode 5 e1 Euroc servic e de intérieur Class tion en Utilisa e2 servic e de extérieur Class tion en Utilisa é protég 45° max. 45° max. 3 Violet 2,5 40 23,3 3,8 2,5 45 23,3 3,8 50 30,3 3,8 E (1 6HUH jO¶(1 JXHXUOH SRUWHUDXP coefficients afin d’obtenir GLDPq les valeurs de calcul. WUHGH DQXHOGHO¶ ODWrW HHWOH RXWLOS GLDP RXUOH qWUHG VORQJ HODS XHXUV RLQWH GHSR LQWHV FRPS DWLEOH V GV O ',1 9+7 .ODV VH& OJ GS OS %LVHDXWp H 3$5$ 0( /(&$ 75(6&$ &$ /&8/ 6(/2 5$&7(5,67 1/·(8 RQQDJH ,48 52&2 (632 3285 N >1P Pò@ 7UDFWLRQ '( 'pERXW IKHDG ID[N >1P 3 s sontLt éristiqmin. s deLp max. Ds Longueur valeur valeur caractLringles ètres nirmm) (en (en mm) (en mm) • Les (en mm) param d’obte • Les ients afin 2,5 35 23,3 3,8 coeffic 2,5 GK Lt CARACTERISTIQUES Lt/ DIMENSIONS Lt CAR ACT APP LIC • CNP50 - CNP65 CNP65.1 - CNP75K Lring Dp CNP75.1 OUTILS Ds PF90 nde NS N100 T • Ba - PS - IM100i FINITIO EMEN N90 0i • PS ITIONN - IM9 COND IM350 S S ENS ION OUTIL S / DIM E EN 14592 • Crantée Dh ® Tête Outils 3DV HQW p PP P P 3RXUOH PP No. 3.4.2/26URXOHD XILOV VR VRXG +DXER XWLOV pV OG51& Tête standard Tête bombée 㼻 Dh 3DVORG 51&Dh 6:51 /RQJXH H&1: %6: &:,, 51& 1RPE XUVGHVS &1: RLQWHV URXOHDX UHGHS RLQ [GH WHVSD jP UUR P XOH 3RXDsUOD SDs DX RLQWH IL[DWLRQ VVX 2/54 E FI CH QU E NI TE CH (QIR QFHPHQ (QIR QFHPHQ WPLQLG WPL 0 Pò@ RPHQWGH IOH[LRQ 0 \N >1P P@ DQV QLGDQV OHVXSS OHVXSS RUWP PF RUW RUW ZLWKG UDZD O 45° max. KDUJ P +DXE PP HODWpUD PF ROGLVDEUD FK KDUJ DUJH ,7:U OH QGRIWKH, HD[ HVHUY 3RX D[LD LDOH HVWKH $OOGH UREW ur de 7:* OH ULJKWWRFK eur Lt VLJQX la longue HQLU 4,7 URXS 2,5 65 43,3 3,8 YDOHX VLQJW Longu DIM VXEMH 92 pour USDU ODFDSDFL DQJHVSHF KLVGD FWWRU G EN145 WpGHGp (en mm) WDVKR HOHYD 40,9 4,7 2,5 75 43,3 3,8 LILFDWL Ds K 3RXU et selon QW1D ERXW 18-2 ,VVXH WLRQDO XOGEHFDUUL RQZLWKRXW (en mm) RQQD EN102 GDWH DQG(XURS HGRX 63 GDQV REWHQLUOD 52,9 4,7 selon JHFDUDF WE\Ddu filQRWLF OHVX 1 * Toujours se reporter aux codes et normes entrevigueur de du fil afin de choisir la longueur le diamètre selonH EN10218-2 et selon EN14592 pour la longueur HDQV SSRU FDSDFLWp GLDP de eur de WpULVW 3,1 , Tolérance pour WDQGD TXDOLILHGV 75 57,9 le diamè 4,7 WHQ GH qWUH pointeleadaptée à votre application. Vérifier si la pointe choisie est disponible dans le LTXHPX 7: la pointe. UGVRUUHJX WUXFWX r la longu dans ce pour /HVY QRPLQDOG VRXVWUD\ WUDFWLRQ 2 1 Toléran nible catalogue de votre pays. OWLSOLH Tolérance ± 0,3 mm. de choisi 3,1 ODWLRQ UDOHQJLQHH . 80 DQWOD WLRQ PXOWLSOLH 65,9 XFOR UOD N DOHXUVVR ur afin e est dispo Date de création Août 2011 V U la pointece ± 0,3 mm. ORQJ JPó QWGR X choisi XHXUGHO UODYDOHX s en vigue 3,1 2 Toléran QQpH 90 et norme r si la pointe VSRXUXQ DSRLQWH USDUO¶HQI O HQIR codes Vérifie 3,1 RQFH GXFORX HGHQVLWp QFHP er aux ation. PHQ report HQW applic se W HWSD FDUD rs à votre UOH FWpULVWLTX * Toujou adaptée pays. HGXERLV votre pointe gue de GH catalo S ENS ION Date DES de création POI NTE S* min. Lring (en mm) Lp max. (en mm) 2,5 55 30,3 3,8 2,5 60 30,3 3,8 Août 2011 0DUTXDJH&( /H PDUTXDJH &( G·XQ SURGXLW GpPRQWUH TXH FH GHUQLHU HVW VU HW DGDSWp j XQH DSSOLFDWLRQ GRQQpH /HV (XURFRGHV SHUPHWWHQWG·REWHQLUOHPDUTXDJH&(HQVXLYDQWO·XQHGHVSURFpGXUHVFLGHVVRXV FRQIRUPLWpDYHFXQHQRUPHHXURSpHQQHVSpFLILTXHSDUH[(1 RXV·LOQ·H[LVWHSDVGHQRUPHSRXUOHSURGXLWO·REWHQWLRQG·XQ$JUpPHQW7HFKQLTXH(XURSpHQ$7(VXLYDQWXQ(7$* (XURSHDQ7HFKQLFDO$SSURYDO*XLGHOLQHHVWQpFHVVDLUH RXVLOHSURGXLWQ·HVWFRXYHUWSDUDXFXQHQRUPHRX(7$*GDQVOHFDVG·XQSURGXLWXQLTXHRXQRXYHDXLOHVWQpFHVVDLUH G·REWHQLUXQ&8$3&RPPRQ8QGHUVWDQGLQJIRU$VVHVVPHQW3URFHGXUHDXSUqVG·XQRUJDQLVPHG·HVVDLVDFFUpGLWp 3OXVLHXUVQRUPHV(1RX(7$*(XURSHDQ7HFKQLFDO$SSURYDO*XLGHOLQHVVRQWjSUHQGUHHQFRPSWHSRXUODFRQVWUXFWLRQERLV (16WUXFWXUHVHQERLVeOpPHQWVGHIL[DWLRQ([LJHQFHV (1 )L[DWLRQVPpFDQLTXHVSRXUV\VWqPHVHQSODTXHVGHSOkWUH'pILQLWLRQVVSpFLILFDWLRQVHWPpWKRGHVG·HVVDL (16WUXFWXUHVHQERLV&RQQHFWHXUV([LJHQFHV (7$*&RQQHFWHXUVPpWDOOLTXHVWULGLPHQVLRQQHOV (7$*3RXWUHVHWFRORQQHVFRPSRVLWHVOpJqUHVHQERLVFRPSRVLWH (7$*.LWVGHFRQVWUXFWLRQjRVVDWXUHERLV (7$*&KHYLOOHVPpWDOOLTXHVSRXUEpWRQ 'HSXLVOHHUMXLOOHWOHVSRLQWHVHWOHVDJUDIHVSRXUDSSOLFDWLRQVVWUXFWXUHOOHVGRLYHQWrWUHPDUTXpHV&(/HV 'pFODUDWLRQVGH3HUIRUPDQFH'23VRQWGLVSRQLEOHVVXUQRWUHVLWHLQWHUQHWZZZLWZLQGXVWU\IU &HVQRUPHVHW(7$*VRQWVRXPLVDX[FULWqUHVGHFDOFXOHWGHSHUIRUPDQFHGHO·(XURFRGHHWGHVDQQH[HVQDWLRQDOHV 3DU H[HPSOH OHV FODVVHV GH VHUYLFH GpFULWHV GDQV O·(XURFRGH FRXYUHQW OHV FRQGLWLRQV DX[TXHOOHV VRQW VRXPLVHV OHV FRQVWUXFWLRQV &ODVVHGHVHUYLFH©HVWFDUDFWpULVpHSDUXQHKXPLGLWpGDQVOHVPDWpULDX[FRUUHVSRQGDQWjXQHWHPSpUDWXUH GH &HWXQHKXPLGLWpUHODWLYHGHO·DLUHQYLURQQDQWQHGpSDVVDQWTXHTXHOTXHVVHPDLQHVSDUDQ'DQVODFODVVHGH VHUYLFHO·KXPLGLWpPR\HQQHGDQVODSOXSDUWGHVERLVUpVLQHX[Q·H[FqGHSDVª)L[DWLRQVHQPLOLHXLQWpULHXU SURWpJpHVGXIURLGHWGHO·KXPLGLWp &ODVVHGHVHUYLFH©HVWFDUDFWpULVpHSDUXQHKXPLGLWpGDQVOHVPDWpULDX[FRUUHVSRQGDQWjXQHWHPSpUDWXUH GH &HWXQHKXPLGLWpUHODWLYHGHO·DLUQHGpSDVVDQWTXHTXHOTXHVVHPDLQHVSDUDQ'DQVODFODVVHGHVHUYLFH O·KXPLGLWpPR\HQQHGDQVODSOXSDUWGHVERLVUpVLQHX[Q·H[FqGHSDVª)L[DWLRQVHQPLOLHXH[WpULHXUSURWpJp F·HVW j GLUH QRQ H[SRVpHV GLUHFWHPHQW DX[ FRQGLWLRQV PpWpRURORJLTXHV SDU H[ SRXU OD IL[DWLRQ GHV SDQQHDX[ GH FRQWUHYHQWHPHQW &ODVVHGHVHUYLFH©&RQGLWLRQVFOLPDWLTXHVDPHQDQWGHVKXPLGLWpVVXSpULHXUHVjFHOOHVGHODFODVVHGHVHUYLFHª )L[DWLRQVHQPLOLHXH[WpULHXU &HVFODVVHVGHVHUYLFHWUDLWHQWHVVHQWLHOOHPHQWGXWDX[G·KXPLGLWpGXERLV,OHVWDXVVLLPSRUWDQWGHSUHQGUHHQFRPSWH O·HQYLURQQHPHQWGXEkWLPHQWDILQGHGpWHUPLQHUVDGXUpHGHYLHYRLUSDJH(QHIIHWVHORQO·(XURFRGHODGXUpHGHYLH GHODSOXSDUWGHVEkWLPHQWVGRLWrWUHG·DXPRLQVDQV ZZZLWZLQGXVWU\IU 6RXUFH1)(1 ,1752'8&7,21 SYSTEMES DE FIXATION POUR LIGNES AUTOMATISEES 1RWUHJDPPHSRXUOLJQHVDXWRPDWLVpHV ,7:,QGXVWU\YRXVSURSRVHGHVPRGXOHVGHFORXDJHHWG·DJUDIDJH DGDSWpVjYRVOLJQHVDXWRPDWLVpHV 1RXVFRQFHYRQVHWIDEULTXRQVGHVWrWHVGHFORXDJHHWG·DJUDIDJH jKDXWHFDGHQFHGHWLUDYHFGHVPDJDVLQVGHJUDQGHFDSDFLWp 'HSXLV XQH XQLWp VSpFLDOH GH UHFKHUFKHGpYHORSSHPHQW HW GH IDEULFDWLRQ GH VROXWLRQV DXWRPDWLVpHV D pWp FUppH HQ $OOHPDJQHSUqVGH+DPERXUJ(OOHQRXVSHUPHWGHSRXUVXLYUHOH GpYHORSSHPHQWGHQRWUHJDPPHG·DSSDUHLOVHWGHPLHX[UpSRQGUH j YRV H[LJHQFHV 1RXV YRXV SURSRVRQV GHV PRGXOHV DGDSWpV j YRVEHVRLQVVSpFLILTXHVHWjODFRQILJXUDWLRQGHYRWUHSURGXFWLRQ 9RLFL XQ DSHUoX GH QRWUH JDPPH '·DXWUHV PRGXOHV VRQW GLVSRQLEOHVQ·KpVLWH]SDVjFRQWDFWHUQRWUHVHUYLFHWHFKQLTXHTXL YRXVRULHQWHUDYHUVODVROXWLRQODPLHX[DGDSWpH $33/,&$7,21 7\SHGH 3DQQHDX[GH 3DUHSOXLH ,VRODQWV 3ODTXHGH SRLQWHV $VVHPEODJH 0HQXLVH FRQWUHYHQWH SDUH %DUGDJH &RQWUHODWWH SDQQHDX[HQ SURWHFWLRQ DJUDIHV ULH RVVDWXUH PHQW &ORXHXU 570361 &ORXHXU 570 &ORXHXU 570 $JUDIHXVH 6 $JUDIHXVH 6 $JUDIHXVH 6 $JUDIHXVH 6 &ORXHXU &7 &ORXHXU &7 &ORXHXU 63 &ORXHXU &: &ORXHXU &: $JUDIHXVH 6 YDSHXU ¿EUHGHERLV FRQWUHOHIHX PP PP PP .* PP .* PP %6 PP 6' PP PP PP PP PP PP 7\SH PP 6SHHGQDLOHU PP &ORXHXUGH ¿QLWLRQ3 )LQHWWH jPP &ORXHXUV570361570570 570361 570 570 ,O V·DJLW GH QRV FORXHXUV 361 HW SRXU SRLQWHV VXU EDQGH SDSLHU pTXLSpV GHFDSWHXUVGHFRQWU{OHHWG·XQPDJDVLQSURORQJp FRQWHQDQWMXVTX·jSRLQWHV,OVVRQWSDUIDLWHPHQW DGDSWpV j O·DVVHPEODJH GH O·RVVDWXUH ERLV DYHF GHVSRLQWHVMXVTX·jPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 0RGXOHG·DJUDIDJH6 &HPRGXOHRIIUHHIILFDFLWpHWUREXVWHVVHjKDXWHFDGHQFHGHWLU*UkFH j O·DSSURYLVLRQQHPHQW SDU FDVVHWWH OH PRGXOH SUpVHQWH XQH JUDQGH DXWRQRPLH DJUDIHV $YHF GHV DJUDIHV GH j PP LO HVW SDUIDLWHPHQWDGDSWpjODIL[DWLRQGHVSDQQHDX[GHFRQWUHYHQWHPHQW 0RGXOHG·DJUDIDJH6 /HPRGXOH6SHUPHWXQDJUDIDJHjKDXWUHQGHPHQWJUkFHjVRQ PDJDVLQJUDQGHFDSDFLWpHWVDUDSLGLWpGHWLU ,O HVW GLVSRQLEOH HQ SOXVLHXUV YHUVLRQV VHORQ OH W\SH G¶DJUDIHV QRWDPPHQW OHV YHUVLRQV %6 SRXU OHV DJUDIHV GH ORQJXHXU MXVTX¶j PP SRXU OD ¿[DWLRQ GHV SDQQHDX[ LVRODQWV HQ ¿EUH GH ERLV 0RGXOHVGHFORXDJH &7SRLQWHVHQURXOHDX[EDQGHSODVWLTXH 63SRLQWHVHQEDQGHSDSLHU &:&:SRLQWHVHQURXOHDX[ÀOVVRXGpV &7 63 &: &: &HVPRGXOHVVRQWXWLOLVpVSRXUODIL[DWLRQGHVSDQQHDX[ GHFRQWUHYHQWHPHQWGXEDUGDJH&763HWGHV FRQWUHODWWHV&7&:&:,OVVHGLVWLQJXHQW SDU OD WUqV JUDQGH FDSDFLWp GH OHXU PDJDVLQ MXVTX·j SRLQWHVGHORQJXHXUjPP 0RGXOHGHFORXDJH&7 0RGXOHSRXUSRLQWHVHQURXOHDX[EDQGHSODVWLTXHGHjPP6RQFORXDJHXOWUD SUpFLVSURIRQGHXUG·HQIRQFHPHQWUqJODEOHjPPSUqVHVWSDUIDLWHPHQWDGDSWpj ODSRVHGHODPHVGHEDUGDJH/DWHFKQRORJLH©SXVKHUªSHUPHWXQFORXDJHGHIDLEOH LQWHQVLWpVRQRUH 0RGXOHG·DJUDIDJH6 &H PRGXOH SUpVHQWH XQH JUDQGH DXWRQRPLH MXVTX·j DJUDIHV HW XQH LQFRPSDUDEOH UDSLGLWpG·H[pFXWLRQ,OSHUPHWGHIL[HUOHSDUHSOXLHHWOHSDUHYDSHXUDYHFGHVDJUDIHVGH jPP/·DJUDIHXVHSHXWrWUHXWLOLVpHGDQVQ·LPSRUWHTXHOOHRULHQWDWLRQPrPHjO·HQYHUV DILQGHV·DGDSWHUjGHQRPEUHXVHVFRQILJXUDWLRQV ,QOLQHU'& /H,QOLQHU+DXEROGHVWXQHVROXWLRQVLPSOHHWHIILFDFHSRXUODIL[DWLRQGHVSDQQHDX[ GHFRQWUHYHQWHPHQWQRWDPPHQW/·DJUDIHXVHJOLVVHOHORQJG·XQHUqJOHVDQVHIIRUW SRXUO·RSpUDWHXU 0RGXOHGHFORXDJH3 /H FORXHXU 3 XWLOLVH GHV SRLQWHV ILQHWWHV GH GLDPqWUH PP RXPPHWGHORQJXHXUjPP,OFRQYLHQWDX[WUDYDX[GH PHQXLVHULHQpFHVVLWDQWXQHILQLWLRQGHJUDQGHTXDOLWp&¶HVWXQH VROXWLRQFRPSDFWHHWUREXVWHVDQVFRPSURPLVVXUODYLWHVVHHWOD FDSDFLWpGXPDJDVLQ 5HWURXYH]QRWUHJDPPHFRPSOqWHHWQRVÀFKHV WHFKQLTXHV7RROPDWLFVXUQRWUHVLWHZZZLWZLQGXVWU\IU ZZZLWZLQGXVWU\IU 6ROXWLRQVGHFORXDJH 6ROXWLRQVG·DJUDIDJH &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV 62/87,216'(&/28$*( (QSURSRVDQWOHVVROXWLRQVGHIL[DWLRQ3DVORGH'XR)DVWHW+DXEROG,7:,QGXVWU\SHXWUpSRQGUHjGH QRPEUHXVHVDSSOLFDWLRQVSRXUGHVPpWLHUVYDULpVFRPPHODFKDUSHQWHODPDLVRQERLVO·HPEDOODJHOD SDOHWWH 6LODSRLQWHRXO·RXWLOTXHYRXVFKHUFKH]Q·HVWSDVGDQVFHFDWDORJXHQ·KpVLWH]SDVjFRQWDFWHUQRWUH VHUYLFHFOLHQWV,OHIIHFWXHUDDORUVXQHUHFKHUFKHDXSUqVGHQRVXQLWpVHXURSpHQQHVSRXUYRXVDSSRUWHU XQHUpSRQVHDGDSWpHjYRWUHDSSOLFDWLRQ 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU *8,'('(6(/(&7,21 3RLQWHVHQURXOHDX[ &ORXHXUVSRXUSRLQWHVHQURXOHDX[EDQGHSODVWLTXH 'XR)DVW 3DJH &136 'XR)DVW 3DJH &13 'XR)DVW 3DJH +1 /RQJXHXUGHVSRLQWHVPP &ORXHXUVSRXUSRLQWHVHQURXOHDX[ÀOVVRXGpV +DXEROG 3DJH 51& +DXEROG 3DJH 51&6:,, +DXEROG 3DJH 51& +DXEROG 3DJH 51&%6: 3DVORGH 3DJH &1: /RQJXHXUGHVSRLQWHVPP ZZZLWZLQGXVWU\IU *8,'('(6(/(&7,21 3RLQWHVHQEDQGH &ORXHXUVSRXUSRLQWHVHQEDQGHSDSLHU 3DVORGH 3DJH 3)6 3DVORGH 3DJH 361 3DVORGH 3DJH 3DVORGH 3DJH /RQJXHXUGHVSRLQWHVPP &ORXHXUVSRXUSRLQWHVHQEDQGHSODVWLTXH 'XR)DVW 3DJH ')6 'XR)DVW ')61 3DJH +DXEROG 515 3DJH +DXEROG 515 3DJH 3DJH +DXEROG 51 /RQJXHXUGHVSRLQWHVPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU *8,'('(6(/(&7,21 3RLQWHVGHÀQLWLRQ$SSOLFDWLRQVVSpFLDOHV &ORXHXUVSRXUSRLQWHVGHÀQLWLRQ %(; 3DJH FRPEL 3DVORGH 3DJH )1 3DVORGH 3DJH )1 3DVORGH 3DJH )16FRPEL 3DVORGH 3DJH )1$ 3DVORGH 3DJH )1$ 3DVORGH 3DJH )1 /RQJXHXUGHVSRLQWHVPP &ORXHXUVSRXUDSSOLFDWLRQVVSpFLDOHV -RLQWV GHERXWV +DXEROG 51&6: 3DJH )L[DWLRQ G·DQFUDJHV 3DVORGH /&3 3DVORGH %636113 3DVORGH )633 3DJH ZZZLWZLQGXVWU\IU %DUGHDX[ ELWXPpV +DXEROG 51&5 3DJH *8,'('(6(/(&7,21 5 51& )16 2VVDWXUH 3DQQHDX[GH FRQWUHYHQWHPHQW &216758&7,21 /DWWHFRQWUHODWWH %DUGDJH &KDUSHQWHYROLJH $QFUDJHV -RLQWVGHERXWV %DUGHDX[ELWXPpV 3ODQFKHUV WHUUDVVHV SURGXLWVGHMDUGLQ $PHXEOHPHQW PHQXLVHULH GpFRUDWLRQLQWpULHXUH $875( (PEDOODJH SDOHWWH 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3 3 3 3 51& /& 6: 3 ) %6633 361 3 3 3 %(; )1 )1 $ )1 3 3 $ 3 )1 )1 51 515 5 3 3 3 ') 6 ')61 51 3 3 3) 6 361 3 51& %6: 3 &1: 3 51& 3 6: 51& 3 51& 3 +1 &13 &13 6 3 6HORQO·DSSOLFDWLRQ 6ROXWLRQVGHFORXDJH 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 3 3RL LQWH W VHQURXOOHDX[E EDQG GHS SODVWLT WLTXH WL L 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 5/;%$1'( 3/$67,48( 3 3RL RLLQWH QWHV W V HQ HQ URXO R OHDX[ ILO RXOHD ILOLOV VRXGp XGpV Gp pV 6ROXWLRQVG·DJUDIDJH 3RLQWHVHQURXOHDX[ILOVVRXGpV &RPSUHVVHXUVDFFHVVRLUHV 3RLQWHVHQEDQGHSDSLHU )LFKHVSURGXLWV 3RLQWHVHQEDQGHSODVWLTXH 3RLQWHVGHILQLWLRQ $SSOLFDWLRQVVSpFLDOHV &ORXHXUVSRXUSRLQWHVHQURXOHDX[EDQGHSODVWLTXH /H FRQGLWLRQQHPHQW GHV SRLQWHV HQ URXOHDX[ EDQGH SODVWLTXH'XR)DVWRIIUHOHV\VWqPHGHFORXDJHOHSOXV VUOHSOXVSURSUHHWOHSOXVSURGXFWLI /HV SRLQWHV 'XR)DVW VRQW SURGXLWHV GDQV QRV XVLQHV HXURSpHQQHV HW VRQW VRXPLVHV j XQ SURFHVVXV GH FRQWU{OH TXDOLWp VWULFW 1RXV PHWWRQV DLQVL WRXW HQ RHXYUHSRXUYRXVDSSRUWHUXQHVROXWLRQSHUIRUPDQWHHW ILDEOHDILQGHOLPLWHUOHVDUUrWVGHSURGXFWLRQ 5RXOHDX[EDQGHSODVWLTXH 1RV FORXHXUV XWLOLVHQW OH V\VWqPH XQLTXH GH FRQGLWLRQQHPHQWVXUEDQGHSODVWLTXHDYHFGHVSRLQWHVj ,ODPpOLRUHGHPDQLqUHVLJQLÀFDWLYHODSURGXFWLYLWp OD VpFXULWp OD TXDOLWp HW OH UDSSRUW SUL[HIÀFDFLWp GX FORXDJH 3URGXFWLYLWp /HFRQGLWLRQQHPHQWHQURXOHDX[GHSRLQWHVGLPLQXH OHV SHUWHV GH WHPSV GXHV DX UHFKDUJHPHQW /D EDQGH SODVWLTXHPRXOpHSHUPHWG·REWHQLUXQHJUDQGHSUpFLVLRQ HWSOXVGHILDELOLWpGDQVO·DFKHPLQHPHQWGHVSRLQWHVYHUV OHQH]GHO·RXWLOPrPHGDQVOHFDVH[FHSWLRQQHORXQH SRLQWHHVWPDQTXDQWH 4XDOLWpHWVpFXULWp &H SURFHVVXV GH FRQGLWLRQQHPHQW HVW QRQ YLROHQW FRQWUDLUHPHQWjODVRXGXUHHWSHUPHWGHJDUGHULQWDFW OHUHYrWHPHQWGHSURWHFWLRQGHODSRLQWH/HVWHVWVG·XQ ODERUDWRLUHLQGpSHQGDQW&R0HFKRQWGpPRQWUpTXHOHV SRLQWHVVXUEDQGHSODVWLTXHVRXPLVHVjXQVSUD\VDOLQHQ FDELQHGXUHQWIRLVSOXVORQJWHPSVDYDQWO·DSSDULWLRQ GHURXLOOHTXHOHVSRLQWHVFRQGLWLRQQpHVVXUILOVVRXGpV EpQpILFLDQWGXPrPHWUDLWHPHQWGHSURWHFWLRQ /RUVTX·XQ V\VWqPH GH FRQGLWLRQQHPHQW ILOV VRXGpV HVW XWLOLVpGHVUpVLGXVGHILOVSHXYHQWrWUHSURMHWpVORUVGX FORXDJH SRXYDQW SURYRTXHU GHV EOHVVXUHV /RUV GH O·XWLOLVDWLRQG·XQURXOHDXILOVVRXGpVXQPRUFHDXGXILOGH OLDLVRQSHXWUHVWHUFRLQFpVRXVODWrWHGHODSRLQWH²FHTXL SHXWGpFKLUHUODFRXFKHVXSpULHXUHSRVpHVXUOHPDWpULHO FORXp/DEDQGHSODVWLTXHHVWLGpDOHSRXUFRQGLWLRQQHU GHV SRLQWHV KDXWH SHUIRUPDQFH WHOOHV TXH OHV SRLQWHV DFLHULQR[\GDEOHTXLVRQWSOXVGLIILFLOHVjVRXGHU 5DSSRUWFRWSURGXFWLYLWp /HV URXOHDX[ EDQGH SODVWLTXH SHXYHQW rWUH WUDQVSRUWpV WUqVIDFLOHPHQWVDQVULVTXHG·pFUDVHPHQWGHVURXOHDX[ /HV SRLQWHV UHVWHQW DLQVL DOLJQpHV Q·HQWUDvQDQW SDV G·DUUrWGHODSURGXFWLRQFHTXLHVWVRXYHQWOHFDVDYHF OHVURXOHDX[ILOVVRXGpV /H V\VWqPH URXOHDX[ EDQGHSODVWLTXHHVWDXVVL GLVSRQLEOH SRXU YRV OLJQHV DXWRPDWLVpHV ZZZLWZLQGXVWU\IU ® ® 5/;%$1'( 3/$67,48( P P P P 63e&,$/ %$5'$*( &136 &13 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP 3DOSHXUVSpFLDOEDUGDJHQHPDUTXHSDVOHERLV 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHVXOWUDSUpFLV 6pOHFWLRQGXPRGHGHWLUVpTXHQWLHORXUDIDOH 3XLVVDQWOHVSRLQWHVSpQqWUHQWOHVERLVOHVSOXVGXUV 3DOSHXUFDRXWFKRXFQHPDUTXHSDVOHERLV 5pJODJHILQGHO·HQIRQFHPHQWGHVSRLQWHV $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV %DUGDJHV )HUPHWXUHVLQGXVWULHOOHV /DWWHFRQWUHODWWH (PEDOODJHV 3DQQHDX[GHFRQWUHYHQWHPHQW 3URGXLWVGHMDUGLQ 3DQQHDX[GHFRQWUHYHQWHPHQW &KDUSHQWH /DWWHFRQWUHODWWH &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU 6ROLYHVWUDYHUVHV 3ODQFKHUVWHUUDVVH &DLVVHVSDOHWWHV NJ[[PP EDU SRLQWHV OF\FOHjEDU ,1)2%$5'$*( 3RXUXQWUDYDLOGHTXDOLWpHQWRXWHVpFXULWp %DUGDJH %DQGHSODVWLTXH /H '78 EDUGDJH YRXV PHW HQ JDUGH FRQWUH O·XWLOLVDWLRQ GHV SRLQWHV HQ URXOHDX[ILOVVRXGpV'HVWUDFHVGHURXLOOHSHXYHQWDSSDUDvWUHVXUOHVODPHVGH EDUGDJH (QHIIHWORUVGXFORXDJHOHILOVRXGpHVWDUUDFKpHWSURYRTXHXQHUXSWXUHGX UHYrWHPHQWDQWLFRUURVLRQ 'H SOXV GHV IUDJPHQWV PpWDOOLTXHV GX ILO SHXYHQW VH ORJHU VRXV OD WrWH GH OD SRLQWH &HOD SURYRTXH GHV pFKDUGHV DJUHVVLYHV TXL IDYRULVHQW OHV HQWUpHV G·KXPLGLWp 3RLQWHVVXUILOVVRXGpV 3RXUSOXVGHWUDQTXLOLWp %DUGDJH ,QR[ /HV ODPHV HQ :HVWHUQ 5HG &HGDU FKkWDLJQLHU FKrQH PpOq]H RX DXWUHV HVVHQFHVULVTXDQWGHFRUURGHUOHPpWDOGRLYHQWrWUHIL[pHVjO·DLGHG·RUJDQHV HQDFLHU,QR[\GDEOHRXDOOLDJHDOXPLQLXP 'H PDQLqUH JpQpUDOH VHORQ OH SDUDJUDSKH GX '78 EDUGDJH OD SURWHFWLRQYLVjYLVGHODFRUURVLRQGRLWrWUHDVVXUpHVRLWSDUXQUHYrWHPHQW JDOYDQLVpjFKDXGVRLWSDUO·XWLOLVDWLRQGHSRLQWHV,QR[ /·LQR[HVWLPSRVpGqVTXHO·KDELWDWLRQHVWjPRLQVGHNPG·XQHF{WH 3RXUXQWUDYDLOGHSUpFLVLRQ %DUGDJH &136 3RXUIL[HUOHVODPHVGHEDUGDJHODSpQpWUDWLRQGHO·RUJDQHGDQVOHVXSSRUWGRLW rWUHVXSpULHXUHRXpJDOHjPP /DSpQpWUDWLRQGHODWrWHGHODSRLQWHGDQVOHERLVQHGRLWSDVGpSDVVHUPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU /RQJXHXU J 7rWHURQGH /LVVH 5/;%$1'( 3/$67,48( GHOD WLJH &UDQWpH 7RUVDGpH 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU&136HW&13 (1 7LJH /RQJXHXU PP GHOD WLJH PP 4WpSDU ERvWH /,66( 7256$'(( &5$17(( pSDO /,66( &5$17(( 32=,'5,9( *$/9$ ȝP &5$17(( +'*QRLU &5$17(( )LQLWLRQ 67$1'$5' *$/9$ 4WpSDU &136 &13 SDOHWWH 6pULH &RGH DUWLFOH &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 (PSUHLQWHFUXFLIRUPH )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 'LDPqWUHGHVWrWHV7LJHGHPPPP7LJHVGHHWPPPP ZZZLWZLQGXVWU\IU 5/;%$1'( 3/$67,48( (1 GHOD WLJH PP 4WpSDU ERvWH )LQLWLRQ 7LJH /RQJXHXU PP ,12;$ &5$17(( 7(7( %20%(( &5$17(( 7(7( %20%(( 7LJH /RQJXHXU PP GHOD WLJH PP 4WpSDU ERvWH 9,6725; ,12;$ 6pULH H &RGH DUWLFOH &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 6pULH H &RGH DUWLFOH 75$//(; 75$//(; 75$//(; 75$//(; 4WpSDU &136 &13 SDOHWWH 'LDPqWUHGHVWrWHVPP 3RLQWHVYLV7UDOOH[ )LQLWLRQ ,12;$ 4WpSDU &136 &13 SDOHWWH (1 'LDPqWUHGHVWrWHVPP ® P P +1 3RLQWHVHQURXOHDX[VXUEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHPP 7UqVSXLVVDQW²XWLOLVDEOHGDQVGHVERLVGXUVHWFRPSDFWV %LHQpTXLOLEUp²GLPLQXHODIDWLJXHGHO·RSpUDWHXU 'HX[LqPHSRLJQpHIRXUQLH &DUDFWpULVWLTXHV $SSOLFDWLRQVW\SHV &DLVVHVHWHPEDOODJHVGHJUDQGHWDLOOH 3DOHWWHV %kWLPHQWVDJULFROHV &RGHDUWLFOH 3RLGV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJPP EDU SRLQWHV OF\FOHjEDU 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU+1 )LQLWLRQ 67$1'$5' 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( +1 +1 7256$'(( +1 'LDPqWUHGHVWrWHVPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU (1 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 3RLQWH 3RL QWHVVHQ QWH V HQURXO Q URXO RXOHDX HDX[[EDQG HDX [ EDQG DQGH H SODV HS ODVWLT WLT TXH 3 3RL LQWH W VHQURXOHDX O [ILO ILOLOVVRXGpV Gp p 3RLQWHVHQURXOHDX[ILOVVRXGpV 3RLQWHVHQURXOHDX[ILOVVRXGpV 3 3RL RLLQWH QWHV W VH V HQE Q EDQG DQGH GHS H SDSL DSLHU LHU 3RLQWHVHQEDQGHSDSLHU 3RLQWHVHQEDQGHSODVWLTXH 3RLQWHVGHILQLWLRQ $SSOLFDWLRQVVSpFLDOHV &ORXHXUVSRXUSRLQWHVHQURXOHDX[ÀOVVRXGpV 3RXU OHV DSSOLFDWLRQV R OD ILQLWLRQ HW OHV SHUIRUPDQFHV DQWLFRUURVLYHV QH VRQW SDV GpWHUPLQDQWHV OH V\VWqPH GHFRQGLWLRQQHPHQWILOVVRXGpVRIIUHXQHDOWHUQDWLYHDX V\VWqPHEDQGHSODVWLTXH'XR)DVW 5/;),/6 628'(6 6ROXWLRQVGHFORXDJH 6ROXWLRQVG·DJUDIDJH HVV &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV /HVFORXHXUVILOVVRXGpVVRQWGHVDSSDUHLOVSHUIRUPDQWV SRXU GHV SRLQWHV GH j PP 3DUFH TXH FKDTXH PpWLHUDGHVEHVRLQVVSpFLILTXHV,7:,QGXVWU\SURSRVH DXVVL ELHQ GHV FORXHXUV OpJHUV HW PDQLDEOHV TXH GHV FORXHXUVSOXVUREXVWHVSRXUGHVDSSOLFDWLRQVLQWHQVLYHV /H V\VWqPH URXOHDX[ ILOV VRXGpV HVW DXVVL GLVSRQLEOH SRXU YRV OLJQHV DXWRPDWLVpHV ZZZLWZLQGXVWU\IU P P 51& ,'e$/3285 /$3$/(77( 5/;),/6 628'(6 3RLQWHVHQURXOHDX[ÀOVVRXGpV /RQJXHXUjPP'LDPqWUHPP 2XWLOUREXVWHSRXUSURGXFWLRQjJUDQGYROXPH 6RUWLHG·DLURULHQWDEOHj 2XWLOELHQpTXLOLEUpSRXUSOXVGHFRQIRUW &DUDFWpULVWLTXHV $SSOLFDWLRQVW\SHV 3DOHWWHV &DLVVHVHWHPEDOODJHV $EULVGHMDUGLQ &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHV OF\FOHjEDU 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU51& )LQLWLRQ 67$1'$5' *$/9$ ȝP (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( 51& &5$17(( 51& 51& 51& 51& 51& 51& &5$17(( 51& 51& )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 'LDPqWUHGHVWrWHVPP 8QHTXHVWLRQXQFRQVHLO" &RQWDFWH]QRWUHVHUYLFHFOLHQWVDX 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU P P P P 51&6:,, 5/;),/6 628'(6 528/($8;),/6 628'e6%$1'( 3/$67,48( 51& 3RLQWHVHQURXOHDX[ÀOVVRXGpVHWEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP 3RLQWHVHQURXOHDX[ÀOVVRXGpVHWEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP &ORXHXUSRO\YDOHQW 6pOHFWLRQGXPRGHGHWLUVpTXHQWLHORXUDIDOH 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 'pFOHQFKHPHQWGXWLUjODYROpHSRXUIRUWHVFDGHQFHVGH FORXDJH.LWJkFKHWWHGLVSRQLEOHSRXUOHWLUVpTXHQWLHO $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV &KDUSHQWH 3DOHWWHV 3DQQHDX[GHFRQWUHYHQWHPHQW &DLVVHVHWHPEDOODJHV /DWWHFRQWUHODWWH &O{WXUHV 3DOHWWHV &DLVVHVHWHPEDOODJHV $EULVHWSURGXLWVGHMDUGLQ &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU -XVTX·jSRLQWHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU /DWWHFRQWUHODWWH &KDUSHQWH NJ[[PP EDU SRLQWHV OF\FOHjEDU P P P P 528/($8;),/6 628'e6%$1'( 3/$67,48( 51&%6: &1: 3RLQWHVHQURXOHDX[ÀOVVRXGpVHWEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP 3RLQWHVHQURXOHDX[ÀOVVRXGpV /RQJXHXUjPP'LDPqWUHjPP 2XWLOSXLVVDQW 6pOHFWLRQGXPRGHGHWLUVpTXHQWLHORXUDIDOH 6RUWLHG·DLURULHQWDEOH &KDUJHPHQWIDFLOH 'pFOHQFKHPHQWGXWLUjODYROpHSRXUIRUWHVFDGHQFHVGH FORXDJH.LWJkFKHWWHGLVSRQLEOHSRXUOHWLUVpTXHQWLHO $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV &KDUSHQWH 2VVDWXUH /DWWHFRQWUHODWWH &O{WXUHV 3DOHWWHV &DLVVHVHWHPEDOODJHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU &KDUSHQWHRVVDWXUH /DWWHFRQWUHODWWH 3ODQFKHUVWHUUDVVHV 3DOHWWHV &DLVVHVHWHPEDOODJHV &DUDFWpULVWLTXHV NJ[[PP EDU -XVTX·jSRLQWHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU ZZZLWZLQGXVWU\IU NJ[[PP EDU SRLQWHV OF\FOHjEDU /RQJXHXU J GHOD WLJH 7rWHURQGH /LVVH 7RUVDGpH &UDQWpH 3RLQWHVHQUO[ÀOVVRXGpVSRXU51&6:,,51&&1:51&%6: 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDU ERvWH 4WpSDU 51& 51& SDOHWWH 6:,, /,66( 7256$'(( &5$17(( /,66( 7256$'(( &5$17(( *$/9$ ȝP &5$17(( ,12;$ &5$17(( 7(7( %20%(( 5/;),/6 628'(6 )LQLWLRQ 67$1'$5' *$/9$ &1: 51& %6: (1 6pULH &RGH GH DUWLFOH 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 'LDPqWUHGHVWrWHV7LJHOLVVHFUDQWpHPPPPPPPPPPPP7LJHWRUVDGpHPPPP PPPP 3RLQWHVHQUO[EDQGHSODVWLTXHSRXU51&6:51&51&%6: )LQLWLRQ ,12;$ 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDU ERvWH 4WpSDU SDOHWWH 51& 6: &5$17(( &5$17(( 7(7( %20%(( 51& 51& %6: )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 6pULH &RGH DUWLFOH 51&6 51&6 6ROXWLRQVGHFORXDJH 6ROXWLRQVG·DJUDIDJH HV &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 3RLQWH 3RL QWHVVH QWH V HQU VHQ Q URXO QURXO RXOHDX HDX[[I HDX [ ILOVVR [ILOV VRXGp VRXGp XGpVV 3RLQWHVHQURXOHDX[ILOVVRXGpV 3 3RL RL L QWHV QWH W V VH H Q QE E DQGH DQG G H HS S DSLHU DSL L HU 3RLQWHVHQEDQGHSDSLHU 3RLQWHVHQEDQGHSDSLHU 3 3RL R RLLQWH WHVH V HQE Q EDQG D G GH H SO HS SODV ODVWL WLT LTXH 3RLQWHVHQEDQGHSODVWLTXH 3RLQWHVGHILQLWLRQ $SSOLFDWLRQVVSpFLDOHV /H FRQGLWLRQQHPHQW HQ EDQGH SDSLHU ODPLQp 3/ QH VHFDVVHSDVHQFDVGHFKXWHGHODEDQGH3DUDLOOHXUV LO QH UHVWH SDV GH UpVLGX GX FRQGLWLRQQHPHQW DSUqV XWLOLVDWLRQ /D WrWH HQ IRUPH GH ' SHUPHW G·RSWLPLVHU OH FRQGLWLRQQHPHQW GHV SRLQWHV SOXV GH SRLQWHV SDU EDQGHPRLQVGHSHUWHGHWHPSVHQSURGXFWLRQ &HV SRLQWHV VRQW SURGXLWHV GDQV QRV XVLQHV HXURSpHQQHV HW VRQW VRXPLVHV j XQ SURFHVVXV GH FRQWU{OH TXDOLWp VWULFW 1RXV PHWWRQV DLQVL WRXW HQ RHXYUHSRXUYRXVDSSRUWHUXQHVROXWLRQSHUIRUPDQWHHW ILDEOHDILQGHOLPLWHUOHVDUUrWVGHSURGXFWLRQ &HVFORXHXUVVRQWFRQoXVSRXUUpSRQGUHDX[H[LJHQFHV GHODSUpIDEULFDWLRQGHO·RVVDWXUHERLVHWSHXYHQWDXVVL rWUHXWLOLVpVVXUGHVOLJQHVGHSURGXFWLRQDXWRPDWLVpHV /HV SDJHV TXL VXLYHQW SUpVHQWHQW OHV RXWLOV HW FRQVRPPDEOHVVWDQGDUGV1RXVPHWWRQVDXVVLjYRWUH GLVSRVLWLRQQRWUHJDPPHHXURSpHQQH6LOHVSRLQWHVRX OHVRXWLOVFRUUHVSRQGDQWjYRWUHDSSOLFDWLRQQHVRQWSDV GDQV FH FDWDORJXH FRQWDFWH] QRWUH VHUYLFH FOLHQWV DX %$1'( 3$3,(5 &ORXHXUVSRXUSRLQWHVHQEDQGHSDSLHU /H V\VWqPH EDQGH SDSLHU HVW DXVVL GLVSRQLEOH SRXU YRVOLJQHVDXWRPDWLVpHV ZZZLWZLQGXVWU\IU 63e&,$/ 266$785( %$1'( 3$3,(5 3)6 P P P P 63e&,$/ 266$785( 361 3RLQWHVHQEDQGHSDSLHU /RQJXHXUjPP'LDPqWUHjPP 3RLQWHVHQEDQGHSDSLHU /RQJXHXUjPP'LDPqWUHjPP &RUSVHQDOXPLQLXP²H[WUrPHPHQWUpVLVWDQWHWOpJHU %LHQpTXLOLEUp 6\VWqPHDQWLWLUjYLGH %LHQpTXLOLEUpFRPSDFWHWSXLVVDQW 3DOSHXUUpJODEOH 3HXWrWUHPRQWpVXUOLJQHVGHSURGXFWLRQDXWRPDWLVpHV VHUHSRUWHUjQRWUHFDWDORJXH7RROPDWLF $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWH /LWHDX[ $SSOLFDWLRQVW\SHV 9ROLJHV (PEDOODJHV 2VVDWXUH &KDUSHQWH /LWHDX[ &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ NJ[[PP EDU SRLQWHV 9ROLJHV (PEDOODJHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHV OF\FOHjEDU 3RLQWHVHQEDQGHSDSLHUSRXU3)6HW361 )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH /,66( &5$17(( /,66( 3)6 361 6pULH 361 361 361 361 361 361 361 361 361 361 361 361 361 361 &5$17(( 361 361 361 361 361 361 &5$17(( 7(7( %20%(( 3616 67$1'$5' *$/93/86 ,12;$ )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 3RLQWHVVXUEDQGHSODVWLTXH (1 &RGH DUWLFOH 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPP WLJHGHPPPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU P P P P 64 3RLQWHVHQEDQGHSDSLHU /RQJXHXUjPP'LDPqWUHjPP 3RLQWHVHQEDQGHSDSLHU /RQJXHXUjPP'LDPqWUHjPP 3XLVVDQWHWUREXVWHGpVHQUD\HPHQWUDSLGH )DFLOLWpGHFKDUJHPHQWHWUHFXOPLQLPHORUVGXWLU 3HXWrWUHPRQWpVXUOLJQHVGHSURGXFWLRQDXWRPDWLVpHV VHUHSRUWHUjQRWUHFDWDORJXH7RROPDWLF 3XLVVDQWHWUREXVWH 'pVHQUD\HPHQWUDSLGH )DFLOLWpGHFKDUJHPHQWHWUHFXOPLQLPHORUVGXWLU $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV &KDUSHQWHRVVDWXUH &DLVVHVHWHPEDOODJHV 3DOHWWHVSRXUFKDUJHVLPSRUWDQWHV &KDUSHQWHRVVDWXUH &DLVVHVHWHPEDOODJHV 3DOHWWHVSRXUFKDUJHVLPSRUWDQWHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU %$1'( 3$3,(5 64 &DUDFWpULVWLTXHV NJ[[PP EDU SRLQWHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHV OF\FOHjEDU /RQJXHXU GHOD WLJH 7rWHHQ' 7rWH5RXQ'ULYH /LVVH &UDQWpH 3RLQWHVHQEDQGHSDSLHUSRXUHW )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH /,66( &5$17(( &5$17(( 67$1'$5' *$/93/86 (1 6pULH &RGH DUWLFOH 361 361 361 361 361 361 361 361 361 361 )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 3RLQWHV5RXQ'ULYH 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPPWLJHGHPPPP 3RLQWHV3DVORGH ©5RXQ'ULYHªVXU SDSLHUODPLQp ZZZLWZLQGXVWU\IU 6ROXWLRQVGHFORXDJH 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 6ROXWLRQVG·DJUDIDJH 3RLQWHVHQURXOHDX[ILOVVRXGpV HVV 3RL R QWH HVH V HQ HQE Q EDQG D GH H SDSL HS DS S HU H &RPSUHVVHXUVDFFHVVRLUHV 3RLQWHVHQEDQGHSDSLHU 3 3RL RLLQWH QWHV W VH HQE Q EDQG DQGH GHSO SODV ODVWL WLTXH WLT L XH )LFKHVSURGXLWV 3RLQWHVHQEDQGHSODVWLTXH 3RLQWHVHQEDQGHSODVWLTXH 3 3RL RLLQWH W VG V GHIL H ILQL L LWL WLRQ WLR L Q 3RLQWHVGHILQLWLRQ $SSOLFDWLRQVVSpFLDOHV %$1'( 3/$67,48( &ORXHXUVSRXUSRLQWHVHQEDQGHSODVWLTXH /H SODVWLTXH IOH[LEOH HW UpVLVWDQW XWLOLVp GDQV OH FRQGL WLRQQHPHQW GHV SRLQWHV HQ EDQGH WKHUPRSODVWLTXH pYLWHjODEDQGHGHVHFDVVHUHQFDVGHFKXWHPrPH SDUFRQGLWLRQVH[WUrPHV/HFRQGLWLRQQHPHQWSODVWLTXH DXWRULVH O·XWLOLVDWLRQ GH SRLQWHV WrWHV URQGHV TXL VRQW SOXV UpVLVWDQWHV DX[ LQWHPSpULHV ,O SHUPHW GRQF XQ FORXDJHSOXVILDEOHDYHFPRLQVGHULVTXHVG·HQUD\DJH &HV IL[DWLRQV VRQW SURGXLWHV GDQV QRV XVLQHV H TX &HV FORXHXUV VRQW FRQoXV SRXU UpSRQGUH DX[ H[LJHQFHV GH OD SUpIDEULFDWLRQ GH O·RVVDWXUH ERLV HW SHXYHQWDXVVLrWUHPRQWpVVXUGHVOLJQHVGHSURGXFWLRQ DXWRPDWLVpHV QL 8 /H V\VWqPH EDQGH SODVWLTXH HVW DXVVL GLVSRQLEOH SRXU YRV OLJQHVDXWRPDWLVpHV HXURSpHQQHV HW VRQW VRXPLVHV j XQ SURFHVVXV GH FRQWU{OH TXDOLWp VWULFW 1RXV PHWWRQV DLQVL WRXW HQ RHXYUHSRXUYRXVDSSRUWHUXQHVROXWLRQSHUIRUPDQWHHW ILDEOHDILQGHPLQLPLVHUOHVDUUrWVGHSURGXFWLRQ /D JDPPH KDXEROG SRXU GHV SRLQWHV MXVTX·jPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU ® ® P P P P ')6 ')61 3RLQWHVHQEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP 3URIRQGHXUGHWLUUpJODEOH 2XWLOELHQpTXLOLEUpSRXUSOXVGHFRQIRUW 6\VWqPHDQWLWLUjYLGH 3XLVVDQW²FDGHQFHGHWLUUpJXOLqUH 3URIRQGHXUGHWLUUpJODEOH 2XWLOELHQpTXLOLEUpSRXUSOXVGHFRQIRUW $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWH 7HUUDVVHV (PEDOODJHV 2VVDWXUH &KDUSHQWH 7HUUDVVHV (PEDOODJHV &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ NJ[[PP EDU SRLQWHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLUjEDU %$1'( 3/$67,48( 3RLQWHVHQEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP NJ[[PP EDU SRLQWHV OF\FOH 3RLQWHVHQEDQGHSODVWLTXHSRXU')6')61 )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH /,66( 7256$'(( /,66( 7256$'(( &5$17(( &5$17(( 67$1'$5' *$/9$ *$/9$ ȝP (1 6pULH &RGH DUWLFOH ')61 ')61 ')61 ')61 ')61 ')61 51 ')61 ')61 ')61 ')61 ')61 ')61 ')61 ')61 ')61 51 ')61 ')61 ')61 ')61 ')6 ')61 )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPPWLJHGHPPPP ZZZLWZLQGXVWU\IU P P P P 32,17(6 -8648·$ PP 515515 %$1'( 3/$67,48( 3RLQWHVHQEDQGHSODVWLTXH 515jPP'LDPqWUHPP 515jPP'LDPqWUHjPP 7UqVSXLVVDQWV 'pIOHFWHXUG·DLURULHQWDEOHPDQXHOOHPHQW &KDUJHPHQWIDFLOHSDUOHGHVVXV 3RLQWHVHQEDQGHSODVWLTXH /RQJXHXUjPP'LDPqWUHjPP 3RLQWHVOLVVHVRXWRUVDGpHVMXVTX·jPP 'pIOHFWHXUG·DLURULHQWDEOHPDQXHOOHPHQW 3RLJQpHLVROpHUHVWHIURLGHORUVG·XWLOLVDWLRQLQWHQVLYH $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWHV 51 &KDUSHQWH 2VVDWXUH (PEDOODJHPDULWLPH 3DOHWWHVFDLVVHV HWHPEDOODJHV &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLUjEDU 515 NJ [[ EDU SRLQWHV OF\FOH 515 NJ [[ EDU SRLQWHV OF\FOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ [[PP EDU -XVTX·jSRLQWHV OF\FOHjEDU 3RLQWHVHQEDQGHSODVWLTXHSRXU515151 (1 )LQLWLRQ 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDU ERvWH 4WpSDU SDOHWWH /,66( 7256$'(( /,66( 7256$'(( 67$1'$5' *$/9$ 515 515 51 6pULH H &RGH DUWLFOH 51 51 51 51 51 51 51 51 51 51 51 51 51 51 'LDPqWUHGHVWrWHV7LJHVGHPPPPWLJHGHPPPPWLJHVGHPPPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 6ROXWLRQVGHFORXDJH 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 6ROXWLRQVG·JUDIDJH 3RLQWHVHQURXOHDX[ILOVVRXGpV &RPSUHVVHXUVDFFHVVRLUHV 3RLQWHVHQEDQGHSDSLHU 3RLQWH 3RL QWHVVHQ QWH V HQEDQG Q EDQG DQGH H SODV HS ODVWLT WLT TXH )LFKHVSURGXLWV 3RLQWHVHQEDQGHSODVWLTXH 3 3RL RLLQWH W VG V GHIL H ILQL L LWL LQLWL WLRQ WLR Q 3RLQWHVGHILQLWLRQ 3RLQWHVGHILQLWLRQ $ $SSOL $SS SSOLOLFDWL DWLR WLLRQVVVSp VSpFL p LDOH pF DOHV O V $SSOLFDWLRQVVSpFLDOHV &ORXHXUVSRXUSRLQWHVGHÀQLWLRQ /HV SRLQWHV GH ILQLWLRQ VRQW SULQFLSDOHPHQW XWLOLVpHV GDQV OD PHQXLVHULH LQGXVWULHOOH PDLV DXVVL SRXU OHV DSSOLFDWLRQVRO·DSSDUHQFHGHODIL[DWLRQHVWLPSRUWDQWH 1RV SRLQWHV GH ILQLWLRQ VRQW IDEULTXpHV DYHF GHV WrWHV W\SHWrWHKRPPHSRXUXQHIL[DWLRQGLVFUqWH RP EL ZZZLWZLQGXVWU\IU & /H V\WqPH SRLQWHV GH ILQLWLRQ HVW DXVVL GLVSRQLEOH SRXU YRV OLJQHVDXWRPDWLVpHV 32,17(6'( ),1,7,21 /HVSRLQWHVGHILQLWLRQVRQWGLVSRQLEOHVHQILOGHMDXJH HW HW HQ ORQJXHXU GH j PP HQ DFLHU JDOYDQLVp RX HQ LQR[ /D MDXJH QRWDPPHQW XWLOLVpH SRXU OD IDEULFDWLRQ G·HVFDOLHUV HVW GLVSRQLEOH VXU FRPPDQGHVSpFLDOH /H)16HVWjOD IRLV XQ FORXHXU SRXU SRLQWHV GH ILQLWLRQ GH j PP HW XQH DJUDIHXVH SRXU DJUDIHV GH j PP P P P P 32,17(6'( ),1,7,21 )1 )1 3RLQWHVGHÀQLWLRQ /RQJXHXUPP-DXJHPP 3RLQWHVGHÀQLWLRQ /RQJXHXUPP-DXJHPP 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 1H]pWURLWSHUPHWWDQWG·DYRLUXQHERQQHYLVXDOLVDWLRQ 6\VWqPHDQWLWLUjYLGHSRXUQHSDVDEvPHUOHERLV 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 1H]pWURLWSHUPHWWDQWG·DYRLUXQHERQQHYLVXDOLVDWLRQ 6\VWqPHDQWLWLUjYLGHSRXUQHSDVDEvPHUOHERLV $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 0HXEOHV 3DUHFORVH &RIIUHWVjYLQ 0HXEOHV 3DUHFORVH &RIIUHWVjYLQ 3OLQWKHV /DPEULV (QFDGUHPHQWGHSRUWHVHWIHQrWUHV 3OLQWKHV /DPEULV (QFDGUHPHQWGHSRUWHVHWIHQrWUHV &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLUjEDU NJ[[PP EDU SRLQWHV OF\FOH &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLUjEDU NJ[[PP EDU SRLQWHV OF\FOH P P P P &20%, &/28(85 &20%, &/28(85 $*5$)(86( %(; )16 3RLQWHVGHÀQLWLRQHWDJUDIHVFRXURQQHpWURLWH 3RLQWHV/RQJXHXUPP-DXJHPP $JUDIHV/RQJXHXUPP&RXURQQHPP 3RLQWHVGHÀQLWLRQHWDJUDIHVFRXURQQHpWURLWH 3RLQWHV/RQJXHXUPP-DXJHPP $JUDIHV/RQJXHXUPP&RXURQQHPP 2XWLOSRO\YDOHQW %LHQpTXLOLEUp 'pIOHFWHXUG·DLURULHQWDEOH 2XWLOSRO\YDOHQW 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 'pVHQUD\HPHQWUDSLGHGHVSRLQWHVHWDJUDIHV $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 3DUHFORVH 0RXOXUH $JHQFHPHQW$PHXEOHPHQW 0HXEOHV %RUGXUHVGHSURWHFWLRQ -RXHWV &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU $*5$)(86( NJ[[PP EDU SRLQWHVDJUDIHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHVDJUDIHV OF\FOHjEDU 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVGHÀQLWLRQSRXU)1)1%(;)16 )LQLWLRQ *$/9$ ,12;$ GHOD WLJHPP 7\SH '52,7 /RQJXHXU PP 4XDQWLWp 4XDQWLWp SDUERvWH SDUFDUWRQ '52,7 %(; )1 )1 )16 ) ) ) ) ) ) ) ) &RGH DUWLFOH ) ) ) ) ) 6pULH /DUJHXUGHODWrWHPP )LQLWLRQ &RXURQQH PP GXÀO PP *$/9$ ,12;$ /RQJXHXU PP '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( 4WpSDU ERvWH 4WpSDU FDUWRQ '52,7( 7\SH %(; )16 ./ ./ ./ ./ ./ ./ &RGH DUWLFOH ./ 6pULH P P 32,17(6'( ),1,7,21 $JUDIHVSRXU%(;HW)16 )1 3RLQWHVGHÀQLWLRQ /RQJXHXUPP-DXJHPP 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV ,QGLFDWHXUGHFKDUJHPHQWGXPDJDVLQ 7RXFKHGHQRQPDUTXDJH $SSOLFDWLRQVW\SHV &DUDFWpULVWLTXHV 7UDYDX[GHILQLWLRQ -RLQWV 3RUWHVFDGUHVGHIHQrWUHV 3OLQWKHV /DPEULV (VFDOLHUV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU jSRLQWHV OF\FOHjEDU 3RLQWHVGHÀQLWLRQSRXU)1 )LQLWLRQ *$/9$ ,12;$ GHODWLJH PP 7\SH '52,7 '52,7 /RQJXHXU PP 4XDQWLWpSDU ERvWH 4XDQWLWpSDU FDUWRQ ) ) ) ) ) ) ) ) ) ) ) ) &RGH DUWLFOH ) ) ) ) ) 6pULH /DUJHXUGHODWrWHPP ZZZLWZLQGXVWU\IU P P )1$ 3RLQWHVGHÀQLWLRQ /RQJXHXUPP-DXJHPP &KDUJHXULQFOLQpSRXUIDFLOLWHUOHFORXDJHGDQVOHVHQ GURLWVpWURLWV 7RXFKHGHQRQPDUTXDJH &DUDFWpULVWLTXHV $SSOLFDWLRQVW\SHV 'RUPDQWV -RLQWV 3RUWHVFDGUHVGHIHQrWUH 3OLQWKHV /DPEULV (VFDOLHUV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHV OF\FOHjEDU 3RLQWHVGHÀQLWLRQSRXU)1$ 32,17(6'( ),1,7,21 )LQLWLRQ *$/9$ GHODWLJH PP 7\SH /RQJXHXU PP 4XDQWLWpSDU ERvWH 4XDQWLWpSDU FDUWRQ 6pULH &RGH DUWLFOH ,1&/,1( )$ )$ )$ )$ )$ /DUJHXUGHODWrWHPP P P )1$ 3RLQWHVGHÀQLWLRQ /RQJXHXUPP-DXJHPP &KDUJHXULQFOLQpSRXUIDFLOLWHUOHFORXDJH 3DOSHXUVSpFLDOQHPDUTXHSDVOHERLV 7LUVpTXHQWLHO $SSOLFDWLRQVW\SHV &DUDFWpULVWLTXHV 3OLQWKHV 3DUHFORVH 0RQWDJHGHVWDQGV 0RXOXUHVG·pEUDVHPHQW 0HXEOHV 3DUTXHWV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU SRLQWHV OF\FOHjEDU 3RLQWHVGHÀQLWLRQSRXU)1$ )LQLWLRQ GHODWLJH PP /RQJXHXU PP 4XDQWLWpSDU ERvWH 4XDQWLWpSDU FDUWRQ 6pULH &RGH DUWLFOH )$'$ )$'$ )$'$ )$'$ )$'$ )$'$ )$'$ *$/9$ ,1&/,1( ,12;$ ,1&/,1( /DUJHXUGHODWrWHPP 7\SH 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 6ROXWLRQVGHFORXDJH 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH 6ROXWLRQVG·DJUDIDJH 3RLQWHVHQURXOHDX[ILOVVRXGpV &RPSUHVVHXUVDFFHVVRLUHV 3RLQWHVHQEDQGHSDSLHU )LFKHVSURGXLWV 3RLQWHVHQEDQGHSODVWLTXH 3RLQWHVGHILQLWLRQ $ $SSOL $SS SSOLOLFDWL DWLR WLLRQVVVSp VSpFL p LDOH DOHV O V $SSOLFDWLRQVVSpFLDOHV $SSOLFDWLRQVVSpFLDOHV &ORXHXUVSRXUDSSOLFDWLRQVVSpFLDOHV $33/,&$7,216 63(&,$/(6 %$5'($8;%,780e6 -2,176'(%2876 $1&5$*(6 5HWURXYH]QRVPRGXOHVSRXU OD IDEULFDWLRQ GHV SDQQHDX[ GH FRQWUHYHQWHPHQW GDQV QRWUHFDWDORJXH7RROPDWLF ZZZLWZLQGXVWU\IU -2,176'(%2876 51&6: P P 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP 1H]ORQJHWGpJDJpLGpDOSRXUODIL[DWLRQGHV MRLQWVGHERXWV &ORXHXUOpJHUHWUREXVWH 5pJODJHGHO·HQIRQFHPHQW 'pIOHFWHXUG·DLURULHQWDEOHPDQXHOOHPHQW &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ [[PP EDU SRLQWHV OF\FOHjEDU 3RLQWHVFRQIRUPHVDX'78 ©&RXYHUWXUHSDUpOpPHQWVPpWDOOLTXHV HQIHXLOOHVHWORQJXHVIHXLOOHVHQ]LQFª YROLJHVjSDUWLUGHPPG·pSDLVVHXU $33/,&$7,216 63(&,$/(6 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU51&6: )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH ,12;$ &5$17(( 51&6 P P /&3 (1 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP 7LUVpTXHQWLHO 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 0DJDVLQWUDQVSDUHQWSRXUYRLUOHQRPEUH GHSRLQWHVUHVWDQWHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ NJ [[PP EDU SRLQWHV 3RLQWHVFRQIRUPHVDX'78 ©&RXYHUWXUHSDUpOpPHQWVPpWDOOLTXHV HQIHXLOOHVHWORQJXHVIHXLOOHVHQ]LQFª YROLJHVjSDUWLUGHPPG·pSDLVVHXU 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU/&3 )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH ,12;$ &5$17(( *1 'LDPqWUHGHODWrWHPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU (1 $1&5$*(6 P )633 P 3RLQWHVHQEDQGHSDSLHU /RQJXHXUPP'LDPqWUHPP &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU 3DOSHXUSRXUFHQWUDJHGXWURXGHO·DQFUDJH 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV -XVTX·jWURLVIRLVSOXVUDSLGHTXHOHFORXDJH PDQXHO *kFKHWWHVpTXHQWLHOOH NJPP EDU SRLQWHV OF\FOHjEDU $7( 3RLQWHVHQDFLHUWUHPSpHQEDQGHSDSLHUSRXU)633 )LQLWLRQ 7LJH *$/93/86 &5$17(( /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH ATE-09/0273 4WpSDU SDOHWWH 6pULH ) ) &RGH DUWLFOH ,03257$177RXMRXUVXWLOLVHUGHVSRLQWHVHQDFLHUWUHPSpDYHFOHFORXHXU)633 'LDPqWUHGHODWrWHPP &DUDFWpULVWLTXHV 9LVpHIDFLOHODSRLQWHVHUWGHJXLGH 3OXVGHVpFXULWpSDVGHJkFKHWWHODWrWHGX FORXHXUGRLWrWUHDSSX\pHFRQWUHOHVXSSRUW SRXUFORXHU &KDUJHXUjDFFqVIDFLOHDX[HQGURLWV UHVWUHLQWV (QIRQFHPHQWGHODSRLQWHFRXSSDUFRXSSRXU XQSRVLWLRQQHPHQWSDUIDLWGHODSRLQWH &RGHDUWLFOH 3RLGV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJPP EDU SRLQWHV OF\FOHjEDU $33/,&$7,216 63(&,$/(6 3RLQWHVHQEDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP P P %636113 $7( 3RLQWHVHQEDQGHSODVWLTXHSRXU%636113 )LQLWLRQ 7LJH *$/93/86 &5$17(( /RQJXHXU PP GHODWLJH PP ATE-09/0273 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH %6 %6 &RGH DUWLFOH 'LDPqWUHGHODWrWHPP $7( 3RLQWHVYUDFSRXUDQFUDJHV )LQLWLRQ *$/93/86 ATE-09/0273 7LJH /RQJXHXUPP GHODWLJHPP 4WpSDUERvWH 4WpSDUSDOHWWH &RGHDUWLFOH &5$17(( )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU'LDPqWUHGHODWrWHPP ZZZLWZLQGXVWU\IU %$5'($8;%,780e6 51&5 P P &DUDFWpULVWLTXHV 3RLQWHVHQURXOHDX[ÀOVVRXGpV /RQJXHXUPP'LDPqWUHPP &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU /pJHUFRPSDFWHWELHQpTXLOLEUp &KDUJHPHQWIDFLOH *XLGHSRLQWHFKDTXHSRLQWHV·HQIRQFHELHQ GURLW NJ [[PP EDU SRLQWHV OF\FOHjEDU 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU51&5 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH +'* /,66( 51&522),1* 51&522),1* 51&522),1* 51&522),1* 51&522),1* 51&522),1* ,12;$ /,66( 51&522),1* $33/,&$7,216 63(&,$/(6 )LQLWLRQ 'LDPqWUHGHODWrWHPP 5HWURXYH] QRWUH JDPPH G·DQFUDJHV &( SRXU OHV SRXWUHVHQ,VXU ZZZLWZLQGXVWU\IU 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU (1 6ROXWLRQVGHFORXDJH 6ROXWLRQVG·DJUDIDJH &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV 62/87,216'·$*5$)$*( $YHF OHV DJUDIHXVHV 3DVORGH 'XR)DVW HW +DXEROG ,7: ,QGXVWU\ SURSRVH XQH JDPPH FRPSOqWH HW LQQRYDQWHTXLFRXYUHXQWUqVJUDQGQRPEUHG·DSSOLFDWLRQVGHODIL[DWLRQGXSDUHSOXLHHWSDUHYDSHXUj GHVDSSOLFDWLRQVVWUXFWXUHOOHVFRPPHO·DVVHPEODJHGHO·RVVDWXUH$YHFGHVDJUDIHVDOODQWMXVTX·jPP QRWUHJDPPHSHUPHWDXVVLGHIL[HUGHVLVRODQWVGHJUDQGHpSDLVVHXU 6LO·DJUDIHRXO·DJUDIHXVHTXHYRXVFKHUFKH]Q·HVWSDVGDQVFHFDWDORJXHQ·KpVLWH]SDVjFRQWDFWHUQRWUH VHUYLFHFOLHQWV,OHIIHFWXHUDDORUVXQHUHFKHUFKHDXSUqVGHQRVXQLWpVHXURSpHQQHVSRXUYRXVDSSRUWHU XQHUpSRQVHDGDSWpHjYRWUHDSSOLFDWLRQ 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 6ROXWLRQVGHFORXDJH 6ROXWLRQVG·DJUDIDJH 3RLQWHVHQURXOHDX[ILOVVRXGpV 3 3RL LQWH QWHV W VHQ HQUURXO RXOHDX OHDX[ILO [ ILOLOVVR VRXGp XGpV Gp pV 3UpVHQWDWLRQ &RPSUHVVHXUVDFFHVVRLUHV $JUDIHXVHVSRXUIL[DWLRQOpJqUHPR\HQQH HVV $JU $ JUDIH I XVH XVHV VHV SR SRXUU ILIL[DW [DWL DWWLRQ LRQ Op pJqU q H PR\HQ \HQQH HQQH )LFKHVSURGXLWV $JUDIHXVHVSRXUIL[DWLRQORXUGH $JUDIHXVHVPDQXHOOHVpOHFWULTXH $JUDIHXVHVFURFR $JUDIHXVHV 1RXV SURSRVRQV XQH ODUJH JDPPH G·DJUDIHV GHV DJUDIHVjILOILQSRXUODIL[DWLRQGXSDUHSOXLHSDUHYDSHXU DX[ DJUDIHV j ILO pSDLV GH ORQJXHXU MXVTX·j PP SRXUODIL[DWLRQG·LVRODQWHWSRXUFHUWDLQHVDSSOLFDWLRQV VWUXFWXUHOOHV /HV DJUDIHXVHV SUpVHQWpHV GDQV FH FDWDORJXH VRQW FHOOHV JpQpUDOHPHQW XWLOLVpHV HQ )UDQFH &HSHQGDQW JUkFH j QRV XQLWpV GH 5HFKHUFKH 'pYHORSSHPHQW HW GH SURGXFWLRQ QRXV SRXYRQV YRXV SURSRVHU GHV VROXWLRQV G·DJUDIDJH SRXU GHV DSSOLFDWLRQV SOXV VSpFLILTXHV 1·KpVLWH] SDV j FRQWDFWHU QRWUH VHUYLFH FOLHQWV 1RWUHRIIUHLQFOXWGHVFRXURQQHVGHPPjPP /HVDJUDIHVHQDFLHUJDOYDQLVpHWHQDFLHULQR[\GDEOH$ VRQWHQVWRFN6XUFRPPDQGHVSpFLDOHQRXVSURSRVRQV OHVDJUDIHVHQDFLHULQR[\GDEOH$XOWUDUpVLVWDQWHVjOD FRUURVLRQSRXUGHVDSSOLFDWLRQVVSpFLDOHV H TX $YHFVHVDJUDIHV j PP OH PRGXOH 7R R O P D W L F 6 SHUPHW OD IL[DWLRQ G H V S D Q Q H D X [ G H FRQWUHYHQWHPHQW QL 8 1 R V V R O X W L R Q V G · D J U D I D J H V R Q W D X V V L G L V S R Q L E O H V S R X U Y R V O L J Q H V DXWRPDWLVpHV /·DJUDIHXVH31 S H U P H W G · X W L O L V H U GHVDJUDIHVMXVTX·j P P S R X U O D IL[DWLRQ GH FHUWDLQV SDQQHDX[LVRODQWV /·DJUDIHXVHjFDSVXOHV &6 SHUPHW XQH PHLOOHXUHIL[DWLRQGX SDUHSOXLHRXGXSDUH YDSHXU 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU *8,'('(6(/(&7,21 6HORQODORQJXHXUGHVDJUDIHV +7 3DJH 'XR)DVW +7 PP &RXURQQHpWURLWH PP 3DJH &6 3DJH 31 3DJH /'6 3DJH &RPEL 0( &RXURQQHODUJH !PP 3DJH 3DVORGH 3DJH 6: 3DVORGH 3DJH 0'6 +DXEROG 3DJH 31 +DXEROG 3DJH 31 3DVORGH 3DJH 66 +DXEROG 3DJH 31 +DXEROG 3DJH 31;,, +DXEROG 3DJH 31' +DXEROG 3DJH 31 +DXEROG 31' 3DJH /RQJXHXUGHVDJUDIHVPP $JUDIHXVHjFDSVXOHV 3DVORGH&6 3DJH $JUDIHVFURFR 3DVORGH3&)+DXEROG:1 3DJH ZZZLWZLQGXVWU\IU *8,'('(6(/(&7,21 3 3 :1 3 &) 3 &6 ' 31 3 3 31 31 ' , 3 ;, 3 31 : 6 6 6 31 3 3 3 3 31 31 3 3 0' 6 /'6 31 0( * 3 3 3 3 +7 &6 +7 3 6HORQO·DSSOLFDWLRQ 2VVDWXUH 3DQQHDX[GH FRQWUHYHQWHPHQW &216758&7,21 3DUHSOXLH SDUHYDSHXU 3ODTXHVGHSOkWUH ,VRODQWSDUHIHX $875( $PHXEOHPHQW PHQXLVHULH GpFRUDWLRQ LQWpULHXUH (PEDOODJHSDOHWWH &RIIUHWFDLVVHYLQ 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU $JUDIHXVHVSRXUÀ[DWLRQOpJqUHjPR\HQQH 6pULHV./ ® P P P P ,'e$/( 3$5(3/8,( 3$5(9$3(85 /'6 31* $JUDIHV)L[DWLRQOpJqUH&RXURQQHpWURLWH6pULH /RQJXHXUPP&RXURQQHPP)LOPP $JUDIHV)L[DWLRQOpJqUH&RXURQQHpWURLWH6pULH./ /RQJXHXUPP&RXURQQHPP)LOPP &RUSVHQDOXPLQLXP²OpJqUHHWUpVLVWDQWH 0DJDVLQIHUPp²SURWHFWLRQFRQWUHODSRXVVLqUH 3URIRQGHXUGHWLUUpJODEOH 5REXVWHHWILDEOH 0DJDVLQIHUPp²SURWHFWLRQFRQWUHODSRXVVLqUH &KDUJHPHQWIDFLOHSDUOHEDV $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV (WLTXHWDJH 7DSLVVHULH ,VRODWLRQWKHUPLTXH &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU 0HXEOHV &RUGRQQHULH 5HPERXUUDJH &DUDFWpULVWLTXHV NJ[[PP EDU DJUDIHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU $JUDIHVSRXU/'6 )LQLWLRQ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU FDUWRQ 6pULH &RGH DUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( *$/9$ ,12;$ '52,7( '52,7( GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU FDUWRQ 6pULH &RGH DUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( ./ ./ ./ ./ ./ ./ '52,7( '52,7( '52,7( ./ ./ ./ ),;$7,21 /(*(5(02< 3DUHSOXLHSDUHYDSHXU -RLQWXUH 5HPERXUUDJH $JUDIHVSRXU31* )LQLWLRQ &RXURQQH PP *$/9$ ,12;$ )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU ZZZLWZLQGXVWU\IU $JUDIHXVHVSRXUÀ[DWLRQOpJqUHjPR\HQQH 6pULH./ P P P P 0'6 $JUDIHV)L[DWLRQPR\HQQH&RXURQQHpWURLWH6pULH./ /RQJXHXUPP&RXURQQHPP)LOPP $JUDIHV)L[DWLRQPR\HQQH&RXURQQHpWURLWH6pULH./ /RQJXHXUPP&RXURQQHPP)LOPP 5pJODJHGHO·HQIRQFHPHQWGHVDJUDIHV 7RXFKHGHQRQPDUTXDJHDILQG·DVVXUHUXQHILQLWLRQGX WUDYDLOVDQVGRPPDJHSRXUOHPDWpULDX $JUDIHXVHWUqVFRPSDFWHHWSXLVVDQWH 7LUUDIDOH 6\VWqPHDQWLWLUjYLGHSRXUQHSDVDELPHUOHERLV $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV (PEDOODJHV 0HXEOHV &DLVVHVGHYLQ 5HYrWHPHQWLQWpULHXU %DQGHVSODVWLTXHV 3URILOVSRXUSODIRQGVVXVSHQGXV /DPEULVERLV ),;$7,21 /(*(5(02< &DLVVHVGHYLQ /DPEULVERLV (PEDOODJHV &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU $JUDIHVSRXU0'6HW31 )LQLWLRQ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDUFDUWRQ 6pULH &RGHDUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( ./ ./ ./ ./ ./ ./ '52,7( ./ *$/9$ ,12;$ &RXURQQH &20%,6 &/28(85$*5$)(86( )LO /RQJXHXU J 31 5HWURXYH]QRVFORXHXUVDJUDIHXVHV SDJHSRXUSRLQWHVGHILQLWLRQ jPPHWDJUDIHVVpULH./ GHjPP %(; 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU )16 $JUDIHXVHVSRXUÀ[DWLRQORXUGH 6pULH.*VpULH P P P P 31 31 $JUDIHV)L[DWLRQORXUGH&RXURQQHpWURLWH6pULH.* /RQJXHXUPP&RXURQQHPP)LOPP $JUDIHV)L[DWLRQORXUGH&RXURQQHpWURLWH6pULH.* /RQJXHXUPP&RXURQQHPP)LOPP 5pJODJHGHODSURIRQGHXUG·HQIRQFHPHQWGHVDJUDIHV 1H]ILQHWDOORQJpSRXUXQHPHLOOHXUHYLVLELOLWp 6\VWqPHDQWLWLUjYLGH *kFKHWWHGRXEOHGRLJW 7LUUDIDOHSRXUSOXVGHSURGXFWLYLWp 3URIRQGHXUGHWLUDMXVWDEOH $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 3DQQHDX[GHFRQWUHYHQWHPHQW &DLVVHVHWERvWHVSRXUHPEDOODJH 3DOHWWHV 0HQXLVHULH 9ROLJHV 3URGXLWVGHMDUGLQ &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU $JUDIHVSRXU3131 )LQLWLRQ *$/9$ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH '7( '7( '7( '7( '7( '7( '7( '7( '7( '',9 '',9 '',9 '',9 '',9 '7( '7( '7( '7( '7( '7( *$/9$ P ,12;$ 31 31 6pULH &RGH H DUWLFOH .* .* .* .* .* .* .* .* .* .* .* .* .* .* .* .* .* .* .* .* (1 ),;$7,21 /285'( &DUDFWpULVWLTXHV &DLVVHVHWERvWHVSRXUHPEDOODJH )L[DWLRQGHWDVVHDX[ 3DOHWWHV 9ROLJHV 3DQQHDX[GHFRQWUHYHQWHPHQW 3URGXLWVGHMDUGLQ '7('52,7('',9'52,7(',9(5*(17( '7( '',9 ZZZLWZLQGXVWU\IU $JUDIHXVHVSRXUÀ[DWLRQORXUGH 6pULHV6: P P P P 66 6: $JUDIHV)L[DWLRQORXUGH&RXURQQHpWURLWH6pULH6 /RQJXHXUPP&RXURQQHPP)LOPP $JUDIHV)L[DWLRQORXUGH&RXURQQHODUJH6pULH: /RQJXHXUPP&RXURQQHPP)LOPP 3URIRQGHXUGHWLUUpJODEOH %ORFDJHGHODGHUQLqUHDJUDIHSUpYLHQWOHVWLUVjYLGH &KDUJHPHQWYHUWLFDOSDUOHKDXWGXPDJDVLQ 3URIRQGHXUGHWLUUpJODEOH &KDUJHPHQWIDFLOHSDUOHKDXW ,QGLFDWHXUGHFKDUJHPHQW $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 3DQQHDX[GHFRQWUHYHQWHPHQW 3ODQFKHUV 9ROLJH,VRODWLRQIHX (PEDOODJHV &DLVVHV 3ODQFKHUV3O\ZRRG 3DOHWWHV (PEDOODJHV 3URGXLWVGHMDUGLQ &DUDFWpULVWLTXHV ,VRODQW &RXYHUWXUH %DUULqUHVGHMDUGLQHWDEULV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ [[PP EDU DJUDIHV OF\FOHjEDU &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ [[PP EDU DJUDIHV OF\FOHjEDU $JUDIHVSRXU66 &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( ',9(5*(17( '52,7( '52,7( '52,7( 6 6 6 6 6 6 6 6 6 GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( : : : : : : ),;$7,21 /285'( )LQLWLRQ *$/9$ '52,7( ',9(5*(17( $JUDIHVSRXU6: )LQLWLRQ *$/9$ &RXURQQH PP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU $JUDIHXVHVSRXUÀ[DWLRQORXUGH 6pULH6' P P P P ,'e$/( ,'e$/( 3$11($8; 3$5()(8 3$11($8; 3$5()(8 31;,, 31' $JUDIHV)L[DWLRQORXUGH&RXURQQHpWURLWH6pULH6' /RQJXHXUPP&RXURQQHPP)LOPP $JUDIHV)L[DWLRQORXUGH&RXURQQHpWURLWH6pULH6' /RQJXHXUPP&RXURQQHPP)LOPP 'pIOHFWHXUG·DLURULHQWDEOHPDQXHOOHPHQW 7LUUDIDOH 'pIOHFWHXUG·DLURULHQWDEOHPDQXHOOHPHQW 5pJODJHGHODSURIRQGHXUGHWLU 7LUUDIDOH $SSOLFDWLRQVW\SHV 0DLVRQjRVVDWXUHERLV 3ODTXHVGHSURWHFWLRQFRQWUHOHIHX (PEDOODJHV $SSOLFDWLRQVW\SHV &DUDFWpULVWLTXHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU 3ODTXHVGHSURWHFWLRQFRQWUHOHIHX (PEDOODJHV /DWWDJHDSUqVLVRODQW NJ[[PP EDU RXDJUDIHVVHORQW\SH OF\FOHjEDU &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU 31 $JUDIHVSRXU31;,,31' &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 31 '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( *$/9$ P ',1 ,12;$ ',1 (1 6pULH &RGH H DUWLFOH 6' 6' 6' 6' 6' 6' 6' 6' 6' ),;$7,21 /285'( )LQLWLRQ )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU ZZZLWZLQGXVWU\IU $JUDIHXVHVSRXUÀ[DWLRQORXUGH 6pULH%6 3RVHG·LVRODQWDYHFOHVDJUDIHXVHV 31HW31 P P 63e&,$/ ,62/$17 (;7e5,(85 ,1)2,62/$17 3131' $JUDIHV)L[DWLRQORXUGH&RXURQQHODUJH6pULH%6 /RQJXHXUPP&RXURQQHPP)LOPP /RQJXHXUPP&RXURQQHPP)LOPP 7pOpFKDUJH]VXUQRWUHVLWHQRVÀFKHVWHFKQLTXHV UpDOLVpHVHQFROODERUDWLRQDYHFOHVIDEULFDQWVGH SDQQHDX[HQÀEUHGHERLV 6SpFLDOHPHQWFRQoXHVSRXUOHVSDQQHDX[LVRODQWVpSDLV &KDUJHPHQWIDFLOHSDUOHKDXWGXPDJDVLQ 5pJODJHGHODSURIRQGHXUGHWLU ,62/$7,217+(50,48((;7(5,(85($&5(3,5 85($ $&5(3,5 & &5(3,5 $SSOLFDWLRQVW\SHV 3UHPLHUSDQQHDX LVRODQWHQÀEUHVGH ERLVSRXULVRODWLRQ WKHUPLTXHH[WpULHXUH ,7(VXUOHPDUFKp IUDQoDLV 3DQQHDX[PXOWLFRXFKHV 3URGXLWQDWXUHOjEDVHGH¿EUHVGHERLV &RQVWUXFWLRQRXYHUWHjODGLIIXVLRQGHYDSHXU &OLPDWLQWpULHXUVDLQHWFRQIRUWDEOH &RQIRUPHjODSK\VLTXHGXEkWLPHQW ,VRODWLRQDFRXVWLTXHUHPDUTXDEOH *UDQGHFDSDFLWpG¶DFFXPXODWLRQGHODFKDOHXU ([FHOOHQWHSURWHFWLRQFRQWUHODFKDOHXUHVWLYDOH 8WLOLVDWLRQHQFRQVWUXFWLRQQHXYHHWHQUpQRYDWLRQ 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLUjEDU /HV DJUDIHXVHV SQHXPDWLTXHV +DXEROG +DXEROG 31 ' 31 ' HW 31 ' ' DWLRQHQWRXWHVpFXULWpGHV SHUPHWWHQWOD¿[DWLRQHQWRXWHVpFXULWpGHV UHGHERLV',))87+(50 SDQQHDX[HQ¿EUHGHERLV',))87+(50 $YDQWDJHV &DUDFWpULVWLTXHV ),;$7,21 /285'( ),;$7,213$5$*5$)$*( 5$*5$)$*( ',))87+(50 ,VRODQW 3DQQHDX[GHILEUHGHERLV 31 NJ [[ EDU DJUDIHV OF\FOH 31' ' 31' 31' NJ [[ EDU DJUDIHV OF\FOH 3DQQHDXG¶LVRODWLRQHQ¿EUHVGHERLVVHORQ(1 :)(17&6?<75:608$) &RQGXFWLELOLWpWKHUPLTXH :P. &DSDFLWpWKHUPLTXHVSpFL¿TXH -NJ. )DFWHXUGHUpVLVWDQFHjODGLIIXVLRQGHYDSHXUȝ 5pVLVWDQFHDXSDVVDJHGHO¶DLUVXSRXpJDOj N3DVP 5pVLVWDQFHjODFRPSUHVVLRQSRXUXQDIIDLVVHPHQWGHVXS RXpJDOj1PP &ODVVHGHUpVLVWDQFHDXIHX(1 ( &HUWL¿FDW$&(50, 1R &RQGLWLRQQHPHQW (SDLVVHXU )RUPDW &KDQW 31' &DUDFWpULVWLTXHV V 'RQQpHVWHFKQLTXHV 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O $JUDIHV $JUDIHV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 9LEUDWLRQ 31' 31' 31' NJ NJ NJ NJ [[ [[ [[ )LOPP&RXURQQHPP PP PP PP EDU EDU jEDU DJUDIHV DJUDIHV DJUDIHV PVò PVò PVò OF\FOH OF\FOH OF\FOH &RQVRPPDWLRQG·DLU jEDU jEDU jEDU PP [FP UDLQpHWFUrWp &RXURQQH PP /HVDJUDIHV%6 jFRXURQQHODUJHÀ[HQW UDSLGHPHQWHWHQWRXWH UDSLGHPHQWHWHQWRXWH VpFXULWpOHVSDQQHDX[ 'LIIXWKHUP 'RPDLQHVG·DSSOLFDWLRQ ,VRODWLRQH[WpULHXUHjFUpSLU ,7( 0RQWDJHGLUHFWHPHQWVXUOHV VWUXFWXUHV 6XSSRUWLVRODQWSRXUHQGXLW RXYHUWjODGLIIXVLRQGHYDSHXU 3RXUFRQVWUXFWLRQHQERLVRX HQPDoRQQHULH PP $JUDIHVSRXU3131' )LQLWLRQ *$/9$ P ,12;$ &RXURQQH PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 31 31 6pULH &RGHDUWLFOH FOH '52,7( '52,7( '52,7( '52,7( '52,7( %6 %6 %6 %6 %6 '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( %6 %6 %6 %6 %6 %6 %6 81,48( /·DJUDIHXVH31SRXUOHVSDQQHDX[MXVTX·jPP 3RXUSOXVG·LQIRUPDWLRQVFRQWDFWH]QRWUHVHUYLFHFOLHQWVDX (1 GXÀO PP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU $JUDIHXVHVPDQXHOOHV P P 5REXVWHV²FRQVWUXLWHVSRXUOHVDSSOLFDWLRQVLQGXVWULHOOHV 'pVHQUD\DJHIDFLOHGHVDJUDIHV &6UpJODJHGHODSURIRQGHXUHQFRQWLQXQHWUDYHUVHMDPDLVOHPDWpULDXDJUDIp $SSOLFDWLRQVW\SHV+7 3DUHSOXLH3DUHYDSHXU )HXLOOHVG·LVRODWLRQDOXPLQLXP -RLQWXUH )L[DWLRQLQGXVWULHOOH 5HPERXUUDJH (WLTXHWDJH 7DSLVVHULH ,VRODWLRQWKHUPLTXH 3DUHSOXLH 3DUHYDSHXU )HXLOOHVG·LVRODWLRQDOXPLQLXP (WLTXHWDJH ,VRODQWWKHUPLTXH 7UDYDX[GHFDSLWRQQDJH 7DSLVGHVRO +7 P P $SSOLFDWLRQVW\SHV&6HW+7 +7 &DUDFWpULVWLTXHV &6 NJPP 6pULH PP PP PP DJUDIHV P P +7 NJPP $ PP PP PP DJUDIHV +7 NJPP 6pULH PP PP PP DJUDIHV 0RGqOH &RGHDUWLFOH 3RLGVORQJXHXU 7\SH /RQJXHXU $JUDIHV &RXURQQH )LO &DSDFLWpGXPDJDVLQ &6 $JUDIHVSRXU+7&6 )LQLWLRQ *$/9$ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( 4WpSDU ERvWH 4WpSDU FDUWRQ +7 &6 &RGH DUWLFOH 6pULH $JUDIHVSRXU+7 )LQLWLRQ *$/9$ &RXURQQH PP GXÀO PP /RQJXHXU PP 4WpSDU ERvWH 7\SH '52,7( 4WpSDU FDUWRQ &RGH DUWLFOH 6pULH $ P P $JUDIHXVHHWFORXHXUpOHFWULTXH 0( $JUDIHVFRXURQQHODUJHHWSRLQWHVGHÀQLWLRQ $JUDIHV/RQJXHXUPP&RXURQQHPP)LOPP 3RLQWHVGHÀQLWLRQ/RQJXHXUHWPP'LDPqWUHPP $SSOLFDWLRQVW\SHV 7DSLVVHULHVPXUDOHV 5pSDUDWLRQGHPHXEOHV &DGUHV &DUDFWpULVWLTXHV 'pFRUDWLRQ 3RUWHVHWIHQrWUHV $JUDIHVSRXU0( )LQLWLRQ *$/9$ &RXURQQH PP $*5$)(86(6 0DQXHOOHVpOHFW 2XWLOSRO\YDOHQW 5pJODJHGHO·HQIRQFHPHQWGHVSRLQWHV 'pVHQUD\HPHQWUDSLGHGHVSRLQWHVHWDJUDIHV GXÀO PP /RQJXHXU PP &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O &DSDFLWpPDJDVLQ $OLPHQWDWLRQ 7\SH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( 4WpSDU ERvWH NJ[[PP DJUDIHVSRLQWHV 9a+] 4WpSDU FDUWRQ 6pULH ./ ./ ./ ./ ./ ./ &RGH DUWLFOH 3RLQWHVGHÀQLWLRQSRXU0( )LQLWLRQ GHODWLJH PP 7\SH *$/9$ '52,7 /RQJXHXU PP 4WpSDU ERvWH ZZZLWZLQGXVWU\IU 4WpSDU FDUWRQ 6pULH ) ) &RGH DUWLFOH P P P P :1 3&) $JUDIHVFURFRGHjPP $JUDIHVFURFRGHHWPP 2XWLOOpJHUSRXUPRLQVGHIDWLJXH &KDUJHPHQWIDFLOHVXUOHF{Wp /HVDJUDIHVVRQWSRVLWLRQQpHVDXSOXVSUqVGXVXSSRUW &KDUJHPHQWIDFLOHSDUOHGHVVRXV /HVDJUDIHVVRQWSRVLWLRQQpHVDXSOXVSUqVGXVXSSRUW 0DJDVLQJUDQGHFDSDFLWp $SSOLFDWLRQVW\SHV $SSOLFDWLRQVW\SHV 3UpDVVHPEODJHGHVIHUPHWWHV 2VVDWXUH $PHXEOHPHQWLQGXVWULHO 3UpDVVHPEODJHGHVIHUPHWWHV 2VVDWXUH $PHXEOHPHQWLQGXVWULHO 3RUWHV )HQrWUHVFDGUHV 6RFOHVGHFXLVLQH &DUDFWpULVWLTXHV 3RUWHV )HQrWUHVFDGUHV 6RFOHVGHFXLVLQH &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU MXVTX·jDJUDIHV OF\FOH &RGHDUWLFOH 3RLGV'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ &RQVRPPDWLRQG·DLU NJ[[PP EDU DJUDIHV OF\FOHjEDU $JUDIHV&URFRSRXU:13&) )LQLWLRQ /RQJXHXU PP &RXURQQH PP 4WpSDU ERvWH 4WpSDU SDOHWWH :1 *$/9$ 3&) 6pULH &RGH DUWLFOH :1 :1 :1 *& *& P &6 P $JUDIHVÀOPPFRXURQQHPP /RQJXHXUPP&DSVXOHV)DV&DSVPP $*5$)(86(6 &52&2 6ROXWLRQUDSLGHHWHIILFDFH 2XWLOILDEOHOpJHUHWELHQpTXLOLEUp 3OXVUDSLGHTXHO·DJUDIDJHPDQXHO 8WLOLVHPRLQVG·DJUDIHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ NJ [[PP EDU DJUDIHV FDSVXOHV)DV&DSV 5e'8,7/(5,648('·$55$&+(0(17 '83$5(3/8,(3$5(9$3(85 6,03/(5$3,'((7()),&$&( $JUDIHVHWFDSVXOHVSRXU&6 )LQLWLRQ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU FDUWRQ &RGH DUWLFOH *$/9$ '52,7( DJUDIHV FDSVXOHV)DV&DSV 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 6ROXWLRQGHFORXDJH 6ROXWLRQG·DJUDIDJH &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV &2035(66(856 $&&(662,5(6 &2035(66(856352/,1( $&&(662,5(6 ZZZLWZLQGXVWU\IU 6ROXWLRQGHFORXDJH 6ROXWLRQG·DJUDIDJH &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV &RPSUHVVHXUV$FFHVVRLUHV &RPPHQWFKRLVLUOHERQFRPSUHVVHXU" /HFKRL[GXFRPSUHVVHXUGRLWSUHQGUHHQFRPSWHSOXVLHXUVIDFWHXUV OD FRQVRPPDWLRQ G·DLU HW OD FDGHQFH GH WLU GH O·RXWLO DILQ GH GpWHUPLQHU OH GpELW G·DLU QpFHVVDLUH 9RXV UHWURXYH] OD FRQVRPPDWLRQG·DLUGDQVOHVFDUDFWpULVWLTXHVWHFKQLTXHVGHQRVRXWLOV OHQRPEUHG·RXWLOVTXHYRXVVRXKDLWH]XWLOLVHUHQPrPHWHPSV&HQRPEUHGpWHUPLQHUDjODIRLVOHGpELWG·DLUQpFHVVDLUH HWOHYROXPHGHODFXYH O·HQYLURQQHPHQWGDQVOHTXHOLOVHUDXWLOLVpGpSODFHPHQWHWHQFRPEUHPHQW *XLGHGHVpOHFWLRQ 3RXUYRXVDLGHUGDQVOHFKRL[GXFRPSUHVVHXUQRXVDYRQVPLVHQSODFHXQJXLGHGHVpOHFWLRQ1RVRXWLOVVRQWFODVVpVHQ TXDWUHFDWpJRULHVVHORQOHXUVFDUDFWpULVWLTXHVWHFKQLTXHV 3RXUFKDTXHFRPSUHVVHXUQRXVYRXVFRQVHLOORQVXQQRPEUHG·RXWLOVSRXUXQHXWLOLVDWLRQRSWLPDOH &/$66(0(17'(6287,/6 &$7(*25,( 287,/6 &$7(*25,( &/28(856 5RXOHDX[EDQGH SODVWLTXH &136 &13 5RXOHDX[ÀOV VRXGpV &$7(*25,( +1 51&&1: 51&%6: 51& 51&6: %DQGHSDSLHU 3)6 361 64 64 %DQGHSODVWLTXH ')6 ')61 515 515 )1 )1 )LQLWLRQ %(; )16 $SSOLFDWLRQV VSpFLDOHV $*5$)(86(6 &$7(*25,( )L[DWLRQOpJqUH PR\HQQH )1$ )1 51&6: /&3 /'6 31* 0'6 31 51 51&5 )633 %6361 &6 )L[DWLRQORXUGH 31 66 6: 31 31 31 31;,, 31' 31 &URFRV :1 3&) 120%5('·287,/63$5&$7(*25,( &2035(66(856 $&&(662,5(6 &2035(66(856 &$7(*25,( &$7(*25,( &$7(*25,( &$7(*25,( 352/,1( 352/,1( 352/,1( 352/,1( 3RXUXQHpWXGHVXUOHFKRL[GXFRPSUHVVHXUHQIRQFWLRQGHYRWUHSDUFRXWLOVFRQWDFWH]QRWUHVHUYLFHWHFKQLTXHDX &HV LQIRUPDWLRQV VRQW GRQQpHV j WLWUH LQGLFDWLI HW QH SUHQQHQW SDV HQ FRPSWH O·XWLOLVDWLRQ VLPXOWDQpH G·RXWLOV GH GLIIpUHQWHV FDWpJRULHV QL O·XWLOLVDWLRQGHVRXWLOVHQPRGHUDIDOH 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3DFN)LQLWLRQ352/,1( 3RLGV 'LPHQVLRQV 3XLVVDQFH &XYH 1LYHDXGHEUXLW NJ [[PP &9 / G%$ $OLPHQWDWLRQ $PSpUDJH 'pELWG·DLU 3UHVVLRQPD[ 9LWHVVHGHURWDWLRQ 9+] $ /PLQ EDU WUPLQ *XLGHGHVpOHFWLRQQRPEUHG·RXWLOVSDUFDWpJRULH &DWpJRULH &DWpJRULH &DWpJRULH LQ P &RPSUHVVHXUFRPSDFWHWOpJHUIDFLOHjWUDQVSRUWHU ,GpDOSRXUOHVWUDYDX[GHILQLWLRQ 5pJXODWHXUGHSUHVVLRQ / &RPSUHVVHXU352/,1(/'pELW/PLQFORXHXUGHÀQLWLRQ)1WX\DXP &DWpJRULH 5HWURXYH]OHVFDUDFWpULVWLTXHVGXFORXHXU )1HQSDJH / 352/,1( P LQ &RPSUHVVHXUpOHFWULTXHVDQVKXLOH/'pELW/PLQ &RPSUHVVHXUFRPSDFWHWOpJHUIDFLOHjWUDQVSRUWHU ,GpDOSRXUOHVWUDYDX[GHILQLWLRQ 5pJXODWHXUGHSUHVVLRQ &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV 3XLVVDQFH NJ [[PP &9 &XYH $OLPHQWDWLRQ $PSpUDJH 'pELWG·DLU / 9+] $ /PLQ 3UHVVLRQPD[ 1LYHDXGHEUXLW 9LWHVVHGHURWDWLRQ &DWpJRULH EDU G%$ WUPLQ *XLGHGHVpOHFWLRQQRPEUHG·RXWLOVSDUFDWpJRULH &DWpJRULH &DWpJRULH &DWpJRULH / 352/,1( LQ P &RPSUHVVHXUpOHFWULTXHVDQVKXLOH/'pELW/PLQ &RPSUHVVHXUSXLVVDQWSRXUXQXVDJHLQWHQVLI 5pJXODWHXUGHSUHVVLRQ 3RLJQpHSRXUIDFLWHUOHGpSODFHPHQWGXFRPSUHVVHXU &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV 3XLVVDQFH NJ [[PP &9 &XYH $OLPHQWDWLRQ $PSpUDJH 'pELWG·DLU / 9+] $ /PLQ 3UHVVLRQPD[ 1LYHDXGHEUXLW 9LWHVVHGHURWDWLRQ &DWpJRULH EDU G%$ WUPLQ *XLGHGHVpOHFWLRQQRPEUHG·RXWLOVSDUFDWpJRULH &DWpJRULH &DWpJRULH &DWpJRULH P / 352/,1( LQ &RPSUHVVHXUpOHFWULTXHVDQVKXLOH/'pELW/PLQ &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV 3XLVVDQFH NJ [[PP &9 &XYH $OLPHQWDWLRQ 'pELWG·DLU 3UHVVLRQPD[ / 9+] /PLQ EDU 1LYHDXGHEUXLW 9LWHVVHGHURWDWLRQ &DWpJRULH G%$ WUPLQ &2035(66(856 $&&(662,5(6 *UDQGHFDSDFLWpSRXUO·XWLOLVDWLRQG·RXWLOVQpFHVVLWDQWXQDSSRUWHQDLULPSRUWDQW &RPSUHVVHXUFRPSDFWHWSXLVVDQW 3RLJQpHSRXUIDFLWHUOHGpSODFHPHQWGXFRPSUHVVHXU *XLGHGHVpOHFWLRQQRPEUHG·RXWLOVSDUFDWpJRULH &DWpJRULH &DWpJRULH &DWpJRULH ZZZLWZLQGXVWU\IU $FFHVVRLUHVSRXURXWLOVSQHXPDWLTXHV (QURXOHXUP &RGHDUWLFOH 7X\DXHQSRO\XUpWKDQHWUHVVpP3LYRWHVXU 3UHVVLRQG·XWLOLVDWLRQMXVTX·jEDU7HPSpUDWXUHGHWUDYDLO&& (TXLSpG·XQUDFFRUGPkOHHWG·XQUDFFRUGIHPHOOHß 5DOORQJHHQSRO\XUpWKDQHWUHVVpP &RGHDUWLFOH &RQVWUXFWLRQHQSRO\XUpWKDQHDQWLDEUDVLIHWFDRXWFKRXFWKHUPRSODVWLTXHUHQIRUFpHQILEUHVSRO\HVWHU 6RQUD\RQGHFRXUEXUHWUqVUpGXLWHPSrFKHOHUpWUpFLVVHPHQWGXWX\DX (TXLSpG·XQUDFFRUGPkOHHWG·XQUDFFRUGIHPHOOHµ 3UHVVLRQG·XWLOLVDWLRQMXVTX·jEDU7HPSpUDWXUHGHWUDYDLO&& 6RXIÁHWWH5DFFRUGHPHQWWDUDXGp%63F\OLQGULTXHHQß &RGHDUWLFOH &RUSVUREXVWHHQUpVLQHDFpWDOLTXHDQWLFKRF 5pJXODWLRQSURJUHVVLYHGXIOX[G·DLUGpELWG·DLUjEDUOPLQ 3UHVVLRQPD[LPDOHG·H[HUFLFHEDUQLYHDXVRQRUHG%7HPSpUDWXUHGHWUDYDLO&& +XLOHSRXURXWLOVSQHXPDWLTXHV &RGHDUWLFOH &RXSOHXULPSODQWDWLRQIHPHOOHF\OLQGULTXH 5DFFRUGUDSLGHß %LGRQGHPO &RXSOHXUÝ &RGHDUWLFOH 'LPHQVLRQV $ PP 63(& ,$/ 31(8 0$7,& 2, / (XURF RGH % ' / &+ &RXSOHXUVpTXLSpVG·XQHGRXLOOHFDQQHOpHSRXUWX\DX 5DFFRUGVUDSLGHVSRXUWX\DXGLDPqWUHRXPP &RXSOHXUWX\DXPP &RXSOHXUWX\DXPP &RGHDUWLFOH 'LPHQVLRQV PP &RGHDUWLFOH $ ' / &+ % / &+ 'LPHQVLRQV PP $ ' / &+ (PERXWIHPHOOHF\OLQGULTXHHQDFLHU]LQJXp &2035(66(856 $&&(662,5(6 (PERXWIHPHOOHß (PERXWIHPHOOHÝ &RGHDUWLFOH 'LPHQVLRQV $ PP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU (PERXWVPkOHVFRQLTXHVHQDFLHU]LQJXp (PERXWVPkOHVßRXß (PERXWFRQLTXHPkOHÝ (PERXWFRQLTXHPkOHÝ &RGHDUWLFOH &RGHDUWLFOH 'LPHQVLRQV $ PP % / &+ 'LPHQVLRQV $ PP % / &+ (PERXWPkOHF\OLQGULTXHHQDFLHU]LQJXp (PERXWPkOHß (PERXWF\OLQGULQTXHPkOHÝ &RGHDUWLFOH 'LPHQVLRQV $ PP % / &+ (PERXWVSRXUWX\DX (PERXWVDYHFGRXLOOHFDQQHOpHSRXUWX\DXGLDPqWUHRXPP (PERXWSRXUWX\DXPP (PERXWSRXUWX\DXPP &RGHDUWLFOH 'LPHQVLRQV $ PP &RGHDUWLFOH ' % + / &+ ' % 'LPHQVLRQV $ PP + / &+ 5DFFRUG< 'LVWULEXWHXUjYRLHVLPSODQWDWLRQIHPHOOHF\OLQGULTXHß 5DFFRUG<Ý &RGHDUWLFOH 'LPHQVLRQV $ PP + / &+ &+ 0DPHORQPkOH 0DPHORQPkOHF\OLQGULTXHß 0DPHORQPkOHÝ &RGHDUWLFOH 'LPHQVLRQV $ PP % / &+ &RUSVHQ$OX]LQF &ROOLHUV6HUUDJHjPP &ROOLHUV6HUUDJHjPP &RGHDUWLFOH 'LPHQVLRQV PP &RGHDUWLFOH / $ % & 'LPHQVLRQV PP ZZZLWZLQGXVWU\IU / $ % & &2035(66(856 $&&(662,5(6 &ROOLHUVjYLVjEDQGHSOHLQHOLVVH 7pOpFKDUJH]VXUQRWUHVLWHLQWHUQHW ZZZLWZLQGXVWU\IU /HV ÀFKHV WHFKQLTXHV GHV SRLQWHV HWGHVDJUDIHV3DVORGH'XR)DVWHW +DXEROG FICHE TECHNIQUE 20 Outils 34° EN 14592 DIAMETRE • 3,1 TIGE • Crantée FINITIONS • GALV-PLUS® No. 3.4.2/54 Tête RounDrive ® Tête en D Dh Dh 2 Dh 1 • PSN90 - PSN100 - PF90 IM350 - IM90i - IM100i OUTILS Ds Lt Dp Lring EN 14592 Dp Lt • Diamètre de la tige Ds1 : 3,10 mm Lp DIAMETRE • 2,5 TIGE • Crantée 40 pointes par bande )LFKHWHFKQLTXH Couleur de l’étiquette Classe de service 1 Utilisation en intérieur Ds Ds Dp Dp Lring Lt 7\SHGHSRLQWHFUDQWpH² GLDPqWUH PP )LQLWLRQ(OHFWURJDOYDQLVpP )LQLWLRQ (OHFWUR JDOYDQLVp P &RQGLWLRQQHPHQW URXOHDXILOVVRXGpV㼻 Lring • Résistance en traction du fil : 700 N/mm2 minimum PARAMETRES CARACTERISTIQUES “Calculés ou testés selon l’EUROCODE 5” • Pour la fixation bois-bois Classe de service 2 Utilisation en extérieur protégé Dh Lt CARACTERISTIQUES / DIMENSIONS APPLICATION - PROTECTION CONTRE LA CORROSION GALV-PLUS® Alliage Zn/Al Tête bombée Dh • CNP50 - CNP65 CNP65.1 - CNP75K CNP75.1 OUTILS GALV-PLUS ®: texte en violet 36 pointes par bande Classe de service Eurocode 5 Tête standard Lp • Acier inoxydable + finition FINITION CONDITIONNEMENT • Rouleau bande plastique 0° • Longueur des pointes Lt1: 63 / 75 / 80 / 90 mm Finition No. 3.4.2/26 Lring • Résistance en traction du fil : 700 N/mm2 minimum • Diamètre du filetage Dp : 3,20 mm • Diamètres de la tête Dh / Dh1 / Dh2 : 6,50 / 7,60 / 5,30 mm (1 'HSXLV ,7: D PLV HQ SODFH XQ YDVWH SURJUDPPH G¶HVVDLV GHV SRLQWHV HW DJUDIHV HQ FROODERUDWLRQ DYHF GHV ODERUDWRLUHV LQGpSHQGDQWVHXURSpHQV 5 Ds Pointes en rouleau 0° CARACTERISTIQUES / DIMENSIONS 1RV SRLQWHV HW DJUDIHV SRXU DSSOLFDWLRQV VWUXFWXUHOOHV VRQW PDUTXpHV &( VHORQ OD QRUPH F ICHE TEC HNIQUE CONDITIONNEMENT • Bande papier 34° Traction Moment de flexion fax,k [N/mm2] My,k [Nmm] • Diamètre du filetage Dp : 2,64 mm 20,7 10,1 2 900 • Diamètre de la tête Dh2: Tête standard = 5,70 mm Tête bombée = 5,85 mm Violet 45° max. Lp • Diamètre de la tige Ds1 : 2,50 mm Déboutonnage fhead,k [N/mm2] Lp DIMENSIONS DES POINTES* 3RXUODIL[DWLRQERLV26%FRQWUHSODTXpVXUERLV • Longueur des pointes Lt1 : 35 / 40 / 45 / 50 / 55 / 60 / 65 / 70 mm 325 pointes par rouleau Ds (en mm) Longueur Lt (en mm) Lring min. (en mm) Lp max. (en mm) 3,1 63 40,9 4,7 3,1 75 52,9 &RXOHXUGH O¶pWLTXHWWH 80 57,9 4,7 90 65,9 4,7 Couleur de l’étiquette Classe de service 1 Utilisation en intérieur Classe de service 2 Utilisation en extérieur protégé Acier inoxydable A2 - AISI 304 A4 - AISI 316 Déboutonnage 2 Tolérance pour le diamètre du fil selon EN10218-2 et selon EN14592 pour la longueur de la pointe. Tolérance ± 0,3 mm. DIMENSIONS DES POINTES* Ds (en mm) 2,5 Longueur Lt (en mm) 35 Lring min. (en mm) 23,3 Traction Moment de flexion fhead,kk [N/mm2] fax,kk [N/mm2] My,kk [Nmm] 19,8 6,6 2 050 Lp max. (en mm) 40 23,3 3,8 45 23,3 3,8 2,5 50 30,3 3,8 2,5 55 30,3 3,8 2,5 60 30,3 3,8 2,5 65 43,3 3,8 2,5 75 43,3 3,8 * Toujours se reporter aux codes et normes en vigueur afin de choisir la longueur de pointe adaptée à votre application. Vérifier si la pointe choisie est disponible dans le catalogue de votre pays. &$5$&7(5,67,48(6',0(16,216 Les valeurs sont données pour une densité caractéristique du bois de 350 kg/m3. • Les paramètres caractéristiques doivent toujours être diminués par des coefficients afin d’obtenir les valeurs de calcul. 5pVLVWDQFHHQWUDFWLRQGXILO 1PPòPLQL 'LDPqWUH GHODWLJH GVPP 'LDPqWUH GXILOHWDJH GSPP 'LDPqWUH GHODWrWH GKPP /RQJXHXU GHVSRLQWHVO GXILOHWDJH GOJ O PP OJPP OS %LVHDXWpH 3$5$0(75(6&$5$&7(5,67,48(63285 3$5$0(75(6 &$5$&7(5,67,48(6 3285 /(&$/&8/6(/21/·(852&2'( 'pERXWRQQDJH7UDFWLRQ0RPHQWGHIOH[LRQ IKHDGN >1PPò@ID[N >1PPò@0\N >1PP@ 45° max. /RQJXHXU ELVHDXWpH OS PP 1 Tolérance pour le diamètre du fil selon EN10218-2 et selon EN14592 pour la longueur de la pointe. 2 Tolérance ± 0,3 mm. Date de création Août 2011 9RXVUHWURXYH]WRXWHVOHVFDUDFWpULVWLTXHVGH QRVFRQVRPPDEOHVVXUOHV¿FKHVWHFKQLTXHV /HORJLFLHOGHFDOFXO,7: 6LPSOH G¶XWLOLVDWLRQ FH ORJLFLHO D pWp FRQoX SRXUYRXVDLGHUGDQVOHFDOFXOGHQRPEUHXVHV FRQQH[LRQVERLVERLVVHORQO¶(1 /H ORJLFLHO YRXV SHUPHW DLQVL GH FKRLVLU OD ¿[DWLRQODPLHX[DGDSWpHjYRWUHDSSOLFDWLRQ *DOYD 8WLOLVDWLRQHQȝP LQWpULHXU OJ 45° max. 3,8 2,5 2,5 ',1 9+7 .ODVVH& GS &ODVVHGHVHUYLFH)LQLWLRQ (XURFRGH /·(XURFRGHLQGLTXHXQLTXHPHQWODSURWHFWLRQPLQLPDOHLOQH SUHQGSDVHQFRQVLGpUDWLRQOHVFRQGLWLRQVHQYLURQQHPHQWDOHV ORFDOHV1RXVYRXVFRQVHLOORQVGHYRXVUHSRUWHUjO·,62 SDUWLHSRXUGpWHUPLQHUODSURWHFWLRQDSSURSULpH Jaune Classe de service 3 Utilisation en extérieur 1 Date de création Août 2011 “Calculés ou testés selon l’EUROCODE 5” Classe de service Eurocode 5 Finition 4,7 3,1 3,1 (1 GV O 3527(&7,21&2175(/$&25526,21 PARAMETRES CARACTERISTIQUES • Pour la fixation bois-bois * Toujours se reporter aux codes et normes en vigueur afin de choisir la longueur de pointe adaptée à votre application. Vérifier si la pointe choisie est disponible dans le catalogue de votre pays. GK URXOHDX[GHSRLQWHVVXUFRPPDQGHVSpFLDOH APPLICATION - PROTECTION CONTRE LA CORROSION • Les valeurs sont données pour une densité caractéristique du bois de 350 kg/m3. • Les paramètres caractéristiques doivent toujours être diminués par des coefficients afin d’obtenir les valeurs de calcul. 3DVPP 3RXUOHVRXWLOV +DXEROG51&6:51&:,, 51&%6:51& 3DVORGH&1:&1: /RQJXHXUVGHVSRLQWHVjPP 1RPEUHGHSRLQWHVSDUURXOHDX 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVWDQGDUGELVHDXWpH (QIRQFHPHQWPLQLGDQVOHVXSSRUWPPFKDUJHODWpUDOH (QIRQFHPHQW PLQL GDQV OH VXSSRUW PP FKDUJH D[LDOH (QIRQFHPHQWPLQLGDQVOHVXSSRUWPPFKDUJHD[LDOH 7ROpUDQFHVSRXUODORQJXHXUOHGLDPqWUHGHODWrWHHWOHGLDPqWUHGHODSRLQWH FRQIRUPHVjO¶(1 6HUHSRUWHUDXPDQXHOGHO¶RXWLOSRXUOHVORQJXHXUVGHSRLQWHVFRPSDWLEOHV 3RXUREWHQLUODFDSDFLWpGHGpERXWRQQDJHFDUDFWpULVWLTXHPXOWLSOLHUOD YDOHXUSDUGK +DXEROGLVDEUDQGRIWKH,7:*URXS ,7:UHVHUYHVWKHULJKWWRFKDQJHVSHFLILFDWLRQZLWKRXWQRWLFH $OOGHVLJQXVLQJWKLVGDWDVKRXOGEHFDUULHGRXWE\DTXDOLILHGVWUXFWXUDOHQJLQHHU VXEMHFWWRUHOHYDQW1DWLRQDODQG(XURSHDQVWDQGDUGVRUUHJXODWLRQV ,VVXHGDWH,7: 3RXUREWHQLUODFDSDFLWpGHWUDFWLRQPXOWLSOLHUODYDOHXUSDUO 3RXU REWHQLU OD FDSDFLWp GH WUDFWLRQ PXOWLSOLHU OD YDOHXU SDU O¶HQIRQFHPHQW HQIRQFHPHQW GDQVOHVXSSRUWHQVRXVWUD\DQWODORQJXHXUGHODSRLQWHGXFORXHWSDUOH GLDPqWUHQRPLQDOGXFORX /HVYDOHXUVVRQWGRQQpHVSRXUXQHGHQVLWpFDUDFWpULVWLTXHGXERLVGH NJPó 6ROXWLRQVGHFORXDJH 6ROXWLRQVG·DJUDIDJH &RPSUHVVHXUVDFFHVVRLUHV )LFKHVSURGXLWV &ORXHXUV 5RXOHDX[EDQGHSODVWLTXH 5RXOHDX[ILOVVRXGpV %DQGHSDSLHU %DQGHSODVWLTXH )LQLWLRQ $SSOLFDWLRQVVSpFLDOHV $JUDIHXVHV ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 ),&+(6352'8,76 &/28(8531(80$7,48( 528/($8;%$1'(3/$67,48( &136 &RGHDUWLFOH PP ¡PP ® LDO 6SpF JH D %DUG 1(0$548( 3$6/(%2,6 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 6RUWLHG·DLUVXUOHF{WpVLOHQFLHX[ 3OXVGHFRQIRUW 6pOHFWLRQGXPRGHGHWLU 6pTXHQWLHOSRXUOH EDUGDJHUDIDOHSRXU OHVSDQQHDX[GH FRQWUHYHQWHPHQW 0DJDVLQJUDQGHFDSDFLWp 3OXVG·DXWRQRPLH NJ 2XWLOOpJHU 3OXVPDQLDEOH PRLQVGHIDWLJXH /LYUpDYHFXQSDOSHXUVSpFLDOEDUGDJH 1HPDUTXHSDVOHERLV 5pJODJHGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGHSOXVEHVRLQG·DFFHVVRLUH $SSOLFDWLRQVW\SHV %DUGDJH /DWWHFRQWUHODWWH 3DQQHDX[GHFRQWUHYHQWHPHQW )HUPHWXUHVLQGXVWULHOOHV (PEDOODJHV 3URGXLWVGHMDUGLQ j PP j PP PP /LYUpHQFRIIUHW /LYUp HQ FRII RIIIUHW &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV NJ [[PP 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP 3UHVVLRQG·XWLOLVDWLRQ EDU &DSDFLWpPDJDVLQ SRLQWHV 1LYHDX[GHEUXLW /3$VP G%$ /:$V G%$ /3$V G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLUjEDU OF\FOH ),&+(6 352'8,76 3RXUFRPPDQGHUGHVHPERXWVEDUGDJHVXSSOpPHQWDLUHV 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU&136 )LQLWLRQ (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDUERvWH 4WpSDU SDOHWWH 6pULH & G &RGH DUWLFOH /,66( &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 7256$'(( &13,1 &13,1 &5$17(( pSDO &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 67$1'$5' /,66( &13,1 &5$17(( &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 32=,'5,9( &13,1 *$/9$ ȝP &5$17(( &13,1 &13,1 &13,1 &13,1 +'*QRLU &5$17(( &13,1 ,12;$ &5$17(( 7(7( %20%(( &13,1 &13,1 &13,1 &5$17(( 7(7( %20%(( &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 *$/9$ ,12;$ )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDUERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH ,12;$ 9,6725; 75$//(; 75$//(; 'LDPqWUHGHVWrWHV7LJHGHPPPP7LJHVGHHWPPPPVDXISRLQWHVWrWHERPEpHLQR[PPHWSRLQWHVYLV7UDOOH[ PP ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 3RLQWHVYLV7UDOOH[ &13 &/28(8531(80$7,48( 528/($8;%$1'(3/$67,48( PP ¡PP &RGHDUWLFOH ® O 2XWL W VDQ SXLV $'$37e$8;%2,6 /(63/86'856 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW *kFKHWWHVpTXHQWLHOOH &RQIRUWG·XWLOLVDWLRQVpFXULWp 0DJDVLQJUDQGHFDSDFLWp 3OXVG·DXWRQRPLH 5pJODJHGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGHSOXVEHVRLQG·DFFHVVRLUH NJ $SSOLFDWLRQVW\SHV 3DQQHDX[GHFRQWUHYHQWHPHQW &KDUSHQWH /DWWHVFRQWUHODWWHV 6ROLYHVWUDYHUVHV 3ODQFKHUVWHUUDVVHV &DLVVHVSDOHWWHV &RUSVGHO·RXWLOHQDOXPLQLXP 2XWLOOpJHU PRLQVGHIDWLJXH &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV NJ [[PP 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V EDU SRLQWHV G%$ G%$ G%$ PVò OF\FOHjEDU 9LEUDWLRQ &RQVRPPDWLRQG·DLU j PP j PP 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP j PP ),&+(6 352'8,76 $9(=92863(16e $8&2035(66(85" 5HWURXYH]jODSDJHOHVFRPSUHVVHXUV 3UROLQHHW3UROLQHSRXUOHFORXHXU &13 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU&13 (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDUERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 7256$'(( &13,1 &13,1 &13,1 &13,1 &13,1 &5$17(( pSDO &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 /,66( &13,1 &5$17(( &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 32=,'5,9( &13,1 *$/9$ ȝP &5$17(( &13,1 &13,1 &13,1 &13,1 +'*QRLU &5$17(( &13,1 ,12;$ &5$17(( 7(7( %20%(( &13,1 &13,1 &13,1 &5$17(( 7(7( %20%(( &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 &13,1 75$//(; 75$//(; 75$//(; 75$//(; )LQLWLRQ 67$1'$5' *$/9$ ,12;$ ,12;$ 9,6725; ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 3RLQWHVYLV7UDOOH[ &/28(8531(80$7,48( 528/($8;),/6628'e6(7 %$1'(3/$67,48( 51&6:,, PP ¡PP &RGHDUWLFOH ),/6628'e6 %$1'(3/$67,48( H O D I D 7LUU QWLHO H VpTX 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 6pOHFWLRQGXPRGHGHWLUUDIDOHRX VpTXHQWLHO 3OXVGHÁH[LELOLWp $MXVWHPHQWGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGH SOXVEHVRLQG·DFFHVVRLUH 0DJDVLQHQSODVWLTXHWUDQVSDUHQW 9LVLELOLWpGXQLYHDXGX PDJDVLQjWRXWPRPHQW (PERXWFDRXWFKRXF 1HPDUTXHSDVOHERLV NJ /LYUpHQFRIIUHW $SSOLFDWLRQVW\SHV &KDUSHQWH 3DQQHDX[GHFRQWUHYHQWHPHQW /DWWHFRQWUHODWWH 3DOHWWHV &DLVVHVHWHPEDOODJHV &O{WXUHV &RUSVGHO·RXWLOHQDOXPLQLXP 2XWLOOpJHU PRLQVGHIDWLJXH &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGVGLPHQVLRQV 3RLQWHV NJ[[PP 3RLQWHVHQURXOHDX[ILOVVRXGpV /RQJXHXUPP'LDPqWUHPP 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP 3UHVVLRQG·XWLOLVDWLRQ EDU &DSDFLWpPDJDVLQ -XVTX·jSRLQWHV 1LYHDX[GHEUXLW /3$VP G%$ /:$V G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLU OF\FOHjEDU (PERXWVSpFLDOSDUTXHW ),&+(6 352'8,76 PP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU51&6:,, (1 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDUERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( 51& 51& 51& 51& 7256$'(( 51& 51& &5$17(( 51& 51& 51& 51& 51& 51& /,66( 51& &5$17(( 51& 51& 51& *$/9$ &5$17(( 51& ,12;$ &5$17(( 7(7(%20%(( 51& 51& 51& )LQLWLRQ 67$1'$5' *$/9$ 'LDPqWUHGHVWrWHV7LJHOLVVHFUDQWpHPPPPPPPP7LJHWRUVDGpHPP )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU )LQLWLRQ ,12;$ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDUERvWH 4WpSDUSDOHWWH 6pULH &RGH DUWLFOH &5$17(( 51&6 &5$17(( 7(7(%20%(( 51&6 ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU51&6:,, &/28(8531(80$7,48( 528/($8;),/6628'e6(7 %$1'(3/$67,48( VDQW Up V L X 3 LOLE pTX Q H L E jPP 51& ¡jPP &RGHDUWLFOH 287,/3285 87,/,6$7,21,17(16,9( *kFKHWWHUDIDOH IDFLOHPHQWDFFHVVLEOH 7LUUDSLGHSRXU JUDQGHVFDGHQFHVGHFORXDJH 5pJODJHGHODSURIRQGHXUGHWLU /DSRVLWLRQVpOHFWLRQQpH HVWPDLQWHQXHORUVGXFORXDJH 3URWHFWLRQWUDQVSDUHQWH 3URWqJHO·XWLOLVDWHXUGHV GpEULVWRXWHQJDUDQWLVVDQWXQH ERQQHYLVLELOLWp 0DJDVLQDYHFRXYHUWXUH 3HUPHWGHYLVXDOLVHUUDSLGHPHQW OHQLYHDXGHFKDUJHPHQW ),&+(6 352'8,76 jPP $SSOLFDWLRQVW\SHV &KDUSHQWH 2VVDWXUH /DWWHVFRQWUHODWWHV 3ODQFKHUVWHUUDVVHV 3DOHWWHV &DLVVHVHWHPEDOODJHV $EULVGHMDUGLQ &DUDFWpULVWLTXHV /LYUHWHQFRIIUHW &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O NJ [[PP 3RLQWHVHQURXOHDXVXUILOVVRXGpVHW 3RLQWHV 7\SH EDQGHSODVWLTXH /RQJXHXU PP 'LDPqWUH PP 3UHVVLRQG·XWLOLVDWLRQ EDU &DSDFLWpPDJDVLQ SRLQWHV 1LYHDX[GHEUXLW /3$VP G%$ /:$V G%$ /3$V G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLUjEDU OF\FOH 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU51& (1 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( 51& 51& 51& 51& 51& 51& 7256$'(( 51& 51& 51& 51& &5$17(( 51& 51& 51& 51& 51& 51& 51& 51& /,66( 51& &5$17(( 51& 51& 51& *$/9$ ȝP &5$17(( 51& 51& ,12;$ &5$17(( 7(7(%20%(( 51& 51& 51& )LQLWLRQ 67$1'$5' *$/9$ 'LDPqWUHGHVWrWHV7LJHOLVVHFUDQWpHPPPPPPPP7LJHWRUVDGpHPPPP )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH ,12;$ &5$17(( 7(7(%20%(( 51&6 ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU51& &/28(8531(80$7,48( 32,17(6528/($8;),/6628'(6 VDQW Up V L X 3 LOLE pTX Q H L E &1: &RGHDUWLFOH jPP ¡jPP 287,/3285 87,/,6$7,21,17(16,9( 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO *kFKHWWHUDIDOH IDFLOHPHQWDFFHVVLEOH 7LUUDSLGHSRXUJUDQGHV FDGHQFHVGHFORXDJH 0DJDVLQDYHFRXYHUWXUH 3HUPHWGHYLVXDOLVHU UDSLGHPHQWOHQLYHDXGH FKDUJHPHQW 3URWHFWLRQWUDQVSDUHQWH 3URWqJHO·XWLOLVDWHXUGHV GpEULVWRXWHQJDUDQWLVVDQW XQHERQQHYLVLELOLWp ),&+(6 352'8,76 jPP $SSOLFDWLRQVW\SHV &KDUSHQWH 2VVDWXUH /DWWHVFRQWUHODWWHV 3ODQFKHUVWHUUDVVHV 3DOHWWHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V NJ [[PP 3RLQWHVHQURXOHDX[ILOVVRXGpV PP PP EDU SRLQWHV G%$ G%$ G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLUjEDU OF\FOH 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU&1: (1 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDUERvWH 4WpSDUSDOHWWH 6pULH &RGH DUWLFOH /,66( 51& 51& 51& 51& 51& 51& 51& 51& 7256$'(( 51& 51& 51& 51& 51& 51& &5$17(( 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& /,66( 51& 51& 51& 7256$'(( 51& &5$17(( 51& 51& 51& 51& 51& *$/9$ ȝP &5$17(( 51& 51& 51& ,12;$ &5$17(( 7(7(%20%(( 51& 51& 51& 51& )LQLWLRQ 67$1'$5' *$/9$ ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 'LDPqWUHGHVWrWHV7LJHOLVVHFUDQWpHPPPPPPPPPPPP7LJHWRUVDGpHPPPP PPPP )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU &/28(8531(80$7,48( 528/($8;),/6628'e6(7 %$1'(3/$67,48( 51&%6: PP ¡jPP &RGHDUWLFOH ),/6628'e6 %$1'(3/$67,48( H O D I D 7LUU QWLHO H VpTX 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW 6pOHFWLRQGXPRGHGHWLUUDIDOHRX VpTXHQWLHO 3OXVGHÁH[LELOLWp $MXVWHPHQWGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGH SOXVEHVRLQG·DFFHVVRLUH 0DJDVLQRXYHUW 9LVLELOLWpGXQLYHDXGX PDJDVLQjWRXWPRPHQW (PERXWFDRXWFKRXF 1HPDUTXHSDVOHERLV /LYUpHQFRIIUHW $SSOLFDWLRQVW\SHV &KDUSHQWH 2VVDWXUH /DWWHFRQWUHODWWH &O{WXUHV 3DOHWWHV &DLVVHVHWHPEDOODJHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGVGLPHQVLRQV 3RLQWHV NJ[[PP 3RLQWHVHQURXOHDX[ILOVVRXGpV /RQJXHXUPP'LDPqWUHjPP 3RLQWHVHQURXOHDX[EDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP 3UHVVLRQG·XWLOLVDWLRQ EDU &DSDFLWpPDJDVLQ -XVTX·jSRLQWHV 1LYHDX[GHEUXLW /3$VP G%$ /:$V G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLU OF\FOHjEDU ),&+(6 352'8,76 jPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU51&%6: (1 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDUERvWH 4WpSDUSDOHWWH 6pULH &RGH DUWLFOH /,66( 51& 51& 51& 51& 51& 51& 51& 51& 7256$'(( 51& 51& 51& 51& 51& 51& &5$17(( 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& 51& /,66( 51& 51& 51& 7256$'(( 51& &5$17(( 51& 51& 51& 51& 51& *$/9$ ȝP &5$17(( 51& 51& 51& ,12;$ &5$17(( 7(7(%20%(( 51& 51& 51& 51& )LQLWLRQ 67$1'$5' *$/9$ 'LDPqWUHGHVWrWHV7LJHOLVVHFUDQWpHPPPPPPPPPPPP7LJHWRUVDGpHPPPP PPPP )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU )LQLWLRQ 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDUERvWH 4WpSDUSDOHWWH 6pULH &RGH DUWLFOH ,12;$ &5$17(( 7(7(%20%(( 51&6 ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 3RLQWHVHQURXOHDX[EDQGHSODVWLTXHSRXU51&%6: 3)6 &/28(8531(80$7,48( %$1'(3$3,(5 &RGHDUWLFOH O 2XWL W VDQ SXLV PP ¡jPP 3RLJQpHHUJRQRPLTXHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQPDLQGHO·RXWLO &RUSVHQDOXPLQLXP 3OXVOpJHUSOXVUREXVWH *kFKHWWHVpTXHQWLHOOH &RQIRUWG·XWLOLVDWLRQ VpFXULWp &KDUJHPHQWSDUOHGHVVXV 5DSLGHHWIDFLOH 5pJODJHGHODSURIRQGHXUGHWLU 3OXVGHSUpFLVLRQ 0pFDQLVPHDQWLWLUjYLGH 3OXVGHORQJpYLWp SOXVGHVpFXULWp ,QFOLQDLVRQGXFKDUJHXUj 7UqVERQQHDFFHVVLELOLWp $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWH /LWHDX[ 9ROLJHV (PEDOODJH &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V 9LEUDWLRQ NJ [[PP 3RLQWHVHQEDQGHSDSLHU PP PP EDU MXVTX·jSRLQWHV G%$ G%$ G%$ PVò ),&+(6 352'8,76 jPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQEDQGHSDSLHUSRXU3)6 )LQLWLRQ ,12;$ (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDUSDOHWWH 6pULH &RGH DUWLFOH /,66( 361 361 361 361 361 361 &5$17(( 361 361 361 361 361 361 /,66( 361 &5$17(( 361 361 361 361 &5$17(( 7(7(%20%(( 3616 67$1'$5' *$/93/86 )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 3RLQWHVVXUEDQGHSODVWLTXH 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPP $9(=92863(16e $8&2035(66(85" ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 5HWURXYH]QRWUHJDPPHGHFRPSUHVVHXUV 3UROLQHHQSDJH 361 &/28(8531(80$7,48( %$1'(3$3,(5 &RGHDUWLFOH EOH D À O L 2XW VVDQW SXL PP ¡jPP 287,/e48,/,%5e 3/86'(&21)257 %XWpHFDRXWFKRXF %RQQHSURWHFWLRQ GXFKDUJHXU 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO ,QFOLQDLVRQGXFKDUJHXUj 7UqVERQQHDFFHVVLELOLWp 5pJODJHGHODSURIRQGHXUGHWLU 3OXVGHSUpFLVLRQ *kFKHWWHVpTXHQWLHOOH &RQIRUWG·XWLOLVDWLRQ VpFXULWp 3DOSHXUUpJODEOH %RQSRVLWLRQQHPHQWGHODSRLQWH /LYUpHQFRIIUHW $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWH /LWHDX[ 9ROLJHV (PEDOODJH &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V NJ [[PP 3RLQWHVHQEDQGHSDSLHU PP PP EDU SRLQWHV G%$ G%$ G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLUjEDU OF\FOH ),&+(6 352'8,76 jPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQEDQGHSDSLHUSRXU361 )LQLWLRQ ,12;$ (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( 361 361 361 361 361 361 361 &5$17(( 361 361 361 361 361 361 361 /,66( 361 &5$17(( 361 361 361 361 361 &5$17(( 7(7(%20%(( 3616 67$1'$5' *$/93/86 )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 3RLQWHVVXUEDQGHSODVWLTXH 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPP WLJHGHPPPP $&&(662,5((1237,21 (PERXWVSpFLDOEDUGDJH $9(=92863(16e $8&2035(66(85" 8QHTXHVWLRQXQFRQVHLO"$SSHOH]OHVHUYLFHFOLHQWV,7:,QGXVWU\DX ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 5HWURXYH]jODSDJHOHVFRPSUHVVHXUV 3UROLQHHW3UROLQHSRXUOHFORXHXU 361 &/28(85631(80$7,48(6 %$1'(3$3,(5 $'$37e$8;%2,6 /(63/86'856 *kFKHWWHVpTXHQWLHOOH &RQIRUWG·XWLOLVDWLRQ VpFXULWp 3RLJQpHGHPDLQWLHQ 0HLOOHXUHSULVHHQPDLQ 5pJODJHGHODSURIRQGHXUGHWLU 3OXVGHSUpFLVLRQ ,QFOLQDLVRQGXFKDUJHXUj 7UqVERQQHDFFHVVLELOLWp $SSOLFDWLRQVW\SHV j PP j PP 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V NJ NJ [[PP [[PP 3RLQWHVHQEDQGHSDSLHU PP PP PP PP EDU EDU SRLQWHV SRLQWHV G%$ G%$ G%$ G%$ G%$ G%$ 9LEUDWLRQ PVò PVò &RQVRPPDWLRQG·DLUjEDU OF\FOH OF\FOH 3RLQWHVHQEDQGHSDSLHUSRXU )LQLWLRQ *$/93/86 (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH /,66( &5$17(( &5$17(( 67$1'$5' &DUDFWpULVWLTXHV &KDUSHQWHRVVDWXUH &DLVVHVHWHPEDOODJHV 3DOHWWHVSRXUFKDUJHVLPSRUWDQWHV 6pULH &RGH DUWLFOH 361 361 361 361 361 361 361 361 361 361 )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 3RLQWHV5RXQ'ULYH 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPPWLJHGHPPPP ),&+(6 352'8,76 ¡PP &RGHVDUWLFOHV O 2XWL W VDQ SXLV PP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU ')6 &/28(8531(80$7,48( %$1'(3/$67,48( PP ¡PP &RGHDUWLFOH ® 3RLJQpHHUJRQRPLTXHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQPDLQGHO·RXWLO *kFKHWWHVpTXHQWLHOOH &RQIRUWG·XWLOLVDWLRQ VpFXULWp &RUSVHQDOXPLQLXP 3OXVOpJHUSOXVUREXVWH &KDUJHPHQWSDUOHGHVVXV 5DSLGHHWIDFLOH 5pJODJHGHODSURIRQGHXUGHWLU 3OXVGHSUpFLVLRQ $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWH /LWHDX[ &DUDFWpULVWLTXHV 9ROLJHV (PEDOODJH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V 9LEUDWLRQ j PP j PP NJ [[PP 3RLQWHVHQEDQGHSDSLHU PP PP EDU MXVTX·jSRLQWHV G%$ G%$ G%$ PVò j PP 3RLQWHVHQEDQGHSODVWLTXHSRXU')6 )LQLWLRQ *$/9$ȝP (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( ')61 ')61 ')61 ')61 ')61 ')61 7256$'(( ')61 ')61 ')61 /,66( ')61 ')61 ')61 67$1'$5' *$/9$ 7256$'(( ')61 &5$17(( ')61 ')61 &5$17(( ')61 ')61 )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPP ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 ,QFOLQDLVRQGXFKDUJHXUj 7UqVERQQHDFFHVVLELOLWp 0pFDQLVPHDQWLWLUjYLGH 3OXVGHORQJpYLWp SOXVGHVpFXULWp ')61 &/28(8531(80$7,48( %$1'(3/$67,48( &RGHDUWLFOH PP ¡PP ® O 2XWL p OLEU pTXL *5$1'&21)257 '·87,/,6$7,21 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW &KDUJHPHQWSDUO·DUULqUH 3OXVSUDWLTXHOHFKDUJHPHQW Q·HVWSDVJrQpSDUOHWX\DX 5pJODJHGHODSURIRQGHXUGHWLU 3OXVGHSUpFLVLRQ *kFKHWWHVpTXHQWLHOOH &RQIRUWG·XWLOLVDWLRQVpFXULWp /LYUpHQFRIIUHW $SSOLFDWLRQVW\SHV 2VVDWXUH &KDUSHQWH 7HUUDVVHV (PEDOODJHV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV NJ [[PP 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V EDU SRLQWHV G%$ G%$ G%$ PVò OF\FOHjEDU 9LEUDWLRQ &RQVRPPDWLRQG·DLU ),&+(6 352'8,76 j PP PP 3RLQWHVHQEDQGHSODVWLTXH /RQJXHXUPP'LDPqWUHPP j PP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQEDQGHSODVWLTXHSRXU')61 )LQLWLRQ (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH /,66( ')61 ')61 ')61 ')61 ')61 51 7256$'(( ')61 ')61 ')61 ')61 /,66( ')61 ')61 ')61 ')61 7256$'(( ')61 51 &5$17(( ')61 ')61 &5$17(( ')61 ')61 67$1'$5' *$/9$ *$/9$ ȝP )DEULFDWLRQVSpFLDOHQRXVFRQVXOWHU 'LDPqWUHGHVWrWHV7LJHGHPPPPWLJHGHPPPPWLJHGHPPPP $9(=92863(16e $8&2035(66(85" 8QHTXHVWLRQXQFRQVHLO"$SSHOH]OHVHUYLFHFOLHQWV,7:,QGXVWU\DX ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 5HWURXYH]jODSDJHOHVFRPSUHVVHXUV 3UROLQHHW3UROLQHSRXUOHFORXHXU ')61 &/28(85631(80$7,48(6 %$1'(3/$67,48( XH 8QLT 515515 51 PP ¡PP &RGHVDUWLFOHV 32,17(6 -8648·$PP &URFKHWGHVXVSHQVLRQ 3UDWLTXH 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW &KDUJHPHQWSDUOHGHVVXV )DFLOHjUHFKDUJHU 3RLJQpHGHPDLQWLHQ 0HLOOHXUHSULVHHQPDLQ %ORFDJHHQFDVGHFKDUJHXUYLGH 3OXVGHVpFXULWp 51 515 $SSOLFDWLRQVW\SHV &KDUSHQWH 2VVDWXUH 3DOHWWHVFDLVVHVHWHPEDOODJHV ),&+(6 352'8,76 j PP j PP 515 &DUDFWpULVWLTXHV 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 515 515 51 NJ NJ NJ [[ [[ [[ 3RLQWHVHQEDQGHSODVWLTXH PP PP PP PP jPP jPP 3UHVVLRQG·XWLOLVDWLRQ EDU EDU EDU &DSDFLWpPDJDVLQ SRLQWHV SRLQWHV -XVTX·j 1LYHDX[GHEUXLW /3$VP G%$ G%$ G%$ /3$V G%$ G%$ G%$ 9LEUDWLRQ PVò PVò PVò &RQVRPPDWLRQG·DLUjEDU OF\FOH OF\FOH OF\FOH /LYUpVDYHFXQHqPHSRLJQpH 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU 3RLQWHVHQEDQGHSODVWLTXHSRXU51551551 )LQLWLRQ 7LJH /RQJXHXU PP GHOD WLJHPP 4WpSDU ERvWH 4WpSDU SDOHWWH /,66( 7256$'(( /,66( 7256$'(( 67$1'$5' *$/9$ 515 515 (1 51 6pULH &RGH DUWLFOH 51 51 51 51 51 51 51 51 51 51 51 51 51 51 'LDPqWUHGHVWrWHV7LJHVGHPPPPWLJHGHPPPPWLJHVGHPPPP 5HWURXYH]QRVQRXYHDX[ SURGXLWVHWQRWUHDFWXDOLWp VXU ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 ZZZLWZLQGXVWU\IU )1 )1 &/28(85631(80$7,48(6 32,17(6'(),1,7,21 &RGHVDUWLFOHV DJH X R O & LV SUpF NJ PP -DXJH PP 63e&,$/),1,7,216 6 ,17(5,(85(6 2XWLOXOWUDOpJHU 3OXVPDQLDEOH PRLQVGHIDWLJXH 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQPDLQ GHO·RXWLO 5pJODJHGHODSURIRQGHXUGHWLU 3OXVGHSUpFLVLRQ 'pVHQUD\HPHQWGHVSRLQWHV ,QWHUYHQWLRQUDSLGHHW VDQVDFFHVVRLUH *kFKHWWHVpTXHQWLHOOH 3OXVGHSUpFLVLRQ 3DOSHXUDYHFRXYHUWXUHHWOLJQHGH YLVpH %RQSRVLWLRQQHPHQWGHOD SRLQWHQHPDUTXHSDVOHERLV /DUJHXUGHOD WrWHPP 6\VWqPHDQWLWLUjYLGH 3URWqJHOHERLV $SSOLFDWLRQVW\SHV &DUDFWpULVWLTXHV 3OLQWKHV 0HXEOHV /DPEULV 3DUHFORVH &RIIUHWVjYLQ 3RUWHVHWIHQrWUHV WLJH PP )1 /LYUpVHQFRIIUHW 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV 7\SH /RQJXHXU 'LDPqWUH 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V )1 )1 NJ NJ [[PP [[PP 3RLQWHVGHILQLWLRQ PP PP -DXJH[PP EDU EDU SRLQWHV SRLQWHV G%$ G%$ G%$ G%$ &RQVRPPDWLRQG·DLUjEDU OF\FOH OF\FOH 3RXUFRPPDQGHUGHVHPERXWVVXSSOpPHQWDLUHV 3RLQWHVGHÀQLWLRQSRXU)1)1 )LQLWLRQ ),&+(6 352'8,76 *$/9$ ,12;$ GHOD WLJH 7\SH '52,7 '52,7 /RQJXHXU 4XDQWLWpSDU 4XDQWLWp PP ERvWH SDUFDUWRQ )1 )1 6pULH ) ) ) ) ) ) ) ) &RGH DUWLFOH ) ) ) ) ) 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU )1$ &/28(8531(80$7,48( 32,17(6'(),1,7,21 &RGHDUWLFOH HXU J U D &K Qp LQFOL PP -DXJH PP ,'e$/3285/(6 (1'52,76e752,76 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW *kFKHWWHVpTXHQWLHOOH 3OXVGHSUpFLVLRQVpFXULWp 5pJODJHGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGHSOXV EHVRLQG·DFFHVVRLUH ,QGLFDWLRQGXQLYHDXGXPDJDVLQ 3RXUVDYRLUTXDQGUHFKDUJHU %RXWRQGHYHUURXLOODJHGXFKDUJHXU 6LPSOLFLWpGHFKDUJHPHQW 'pVHQUD\HPHQWGHVSRLQWHV ,QWHUYHQWLRQUDSLGHHW VDQVDFFHVVRLUH /DUJHXU GHODWrWH PP %ORFDJHDXWRPDWLTXHSOXVGHVpFXULWp /·RXWLOV·DUUrWHORUVTX·LOUHVWH SRLQWHVSDVGHWLUjYLGH /LYUpHQFRIIUHW $SSOLFDWLRQVW\SHV 2XWLOOpJHU 3OXVPDQLDEOH PRLQVGHIDWLJXH &DUDFWpULVWLTXHV 3OLQWKHV 'RUPDQWV /DPEULV -RLQWV 3RUWHVIHQrWUHV (VFDOLHUV NJ &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O 3RLQWHV NJ [[PP 3RLQWHVGHILQLWLRQ /RQJXHXUPP 'LDPqWUH-DXJHPP 3UHVVLRQG·XWLOLVDWLRQ EDU &DSDFLWpPDJDVLQ SRLQWHV 1LYHDX[GHEUXLW /3$VP G%$ /:$V G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLU OF\FOHjEDU WLJH [PP )LQLWLRQ *$/9$ GHODWLJH PP 7\SH /RQJXHXU PP ,1&/,1( 4XDQWLWpSDU 4XDQWLWpSDU ERvWH FDUWRQ ZZZLWZLQGXVWU\IU 6pULH &RGH DUWLFOH )$ )$ )$ )$ )$ ),&+(6 352'8,76 3RLQWHVGHÀQLWLRQSRXU)1$ &/28(8531(80$7,48( $33/,&$7,2163e&,$/( %$1'(3/$67,48( %6361 63(&,$/ $1&5$*(6 NJ &RUSVGHO·RXWLOHQDOXPLQLXP 2XWLOOpJHU PRLQVGHIDWLJXH 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 3DVGHJkFKHWWHWLUSDUFRQWDFW /DSRLQWHHVWSDUIDLWHPHQW HQIRQFpH %RXWRQSRXVVRLU %ORFDJHGHVSRLQWHV SRXUXQUHFKDUJHPHQWIDFLOH 3RLQWHJXLGH /DSRLQWHVHUWGHJXLGHSRXU XQHSUpFLVLRQDFFUXH $SSOLFDWLRQ &DUDFWpULVWLTXHV $QFUDJHV ¡PP &RGHDUWLFOH O 2XWL U OpJH PP &RGHDUWLFOH 3RLGVORQJXHXU 3RLQWHV NJPP 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V EDU SRLQWHV G%$ G%$ PVò OF\FOHjEDU 9LEUDWLRQ &RQVRPPDWLRQG·DLU 3RLQWHVHQEDQGHSODVWLTXHj /RQJXHXUPP'LDPqWUHPP PP 5HWURXYH]QRWUHJDPPHFRPSOqWHG·DQFUDJHV&( SRXUODFKDUSHQWHHWODPDLVRQERLV VXU ZZZLWZLQGXVWU\IU $7( 3RLQWHVHQEDQGHSODVWLTXHSRXU%636113 ),&+(6 352'8,76 ATE-09/0273 )LQLWLRQ 7LJH *$/93/86 &5$17(( /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH %6 %6 'LDPqWUHGHODWrWHPP 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU &/28(8531(80$7,48( $33/,&$7,2163e&,$/( 528/($8;),/6628'e6 51&5 PP ¡PP &RGHDUWLFOH 63e&,$/ %$5'($8; %,780e6 H *XLG X[ HD EDUG 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW 6pOHFWLRQGXPRGHGHWLU 3OXVGHÁH[LELOLWp $MXVWHPHQWGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGH SOXVEHVRLQG·DFFHVVRLUH *XLGHEDUGHDX[LQWpJUp $MXVWDEOHVHORQOD GLVWDQFHUHTXLVH *UDQGHVXUIDFHGHFRQWDFW 3URWqJHOHEDUGHDXFRQWUHOHVFRQGLWLRQVH[WpULHXUHV ORUVGHO·HQIRQFHPHQWGHVSRLQWHV $SSOLFDWLRQ %DUGHDX[ELWXPpV &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGVGLPHQVLRQV 'LPHQVLRQV/[+[O 3RLQWHV NJ [[PP 3RLQWHVHQURXOHDX[ILOVVRXGpV /RQJXHXUPP'LDPqWUHPP 3UHVVLRQG·XWLOLVDWLRQ EDU &DSDFLWpPDJDVLQ SRLQWHV 1LYHDX[GHEUXLW /3$VP G%$ /:$V G%$ 9LEUDWLRQ PVò &RQVRPPDWLRQG·DLU OF\FOHjEDU PP /LYUpHQFRIIUHW (1 7LJH /RQJXHXU PP GHODWLJH PP 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH +'* /,66( 51&522),1* 51&522),1* 51&522),1* 51&522),1* 51&522),1* 51&522),1* ,12;$ /,66( 51&522),1* )LQLWLRQ 'LDPqWUHGHODWrWHPP ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 3RLQWHVHQURXOHDX[ÀOVVRXGpVSRXU51&5 $*5$)(86(31(80$7,48( &285211((752,7(PP ¡ÀOPP &RGHDUWLFOH 8/75$ /e*Ë5( IDJH $JUD LV SUpF 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW 0'6 PP 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO *kFKHWWHVpTXHQWLHOOH 7UDYDLOGHSUpFLVLRQ 5pJODJHGHODSURIRQGHXUGHWLU 6LPSOHHWUDSLGHSOXV EHVRLQG·DFFHVVRLUH &KDUJHPHQWSDUOHGHVVXV )DFLOHjUHFKDUJHU (PERXWQRQPDUTXDQW 1HPDUTXHSDVOHERLV 1H]pWURLW 3OXVGHYLVLELOLWpSRXU SOXVGHSUpFLVLRQ &DUDFWpULVWLTXHV &RGHDUWLFOH 3RLGV/RQJXHXU $JUDIHV $JUDIHV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /LYUpHHQFRIIUHW $SSOLFDWLRQV7\SHV &RXURQQH PP NJ 0HXEOHV (PEDOODJHV /DPEULVERLV &DLVVHVGHYLQ 9LEUDWLRQ &RQVRPPDWLRQG·DLU &RUSVHQDOXPLQLPXPRXWLOOpJHU 3OXVPDQLDEOHPRLQVGH IDWLJXH NJPP )LOPP&RXURQQHPP /RQJXHXUPP EDU DJUDIHV G%$ G%$ PVò OF\FOHjEDU PP $JUDIHVSRXU0'6 ),&+(6 352'8,76 )LQLWLRQ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU FDUWRQ 6pULH &RGH DUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( ./ ./ ./ ./ ./ ./ '52,7( ./ *$/9$ ,12;$ 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU PP 31 $*5$)(86(31(80$7,48( &285211((752,7(PP ¡ÀOPP &RGHDUWLFOH 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW 5pJODJHGHODSURIRQGHXUGHWLU 5DSLGHHWVpFXULVp ODSRVLWLRQVpOHFWLRQQpHHVW PDLQWHQXHORUVGHO·DJUDIDJH *kFKHWWHUDIDOH 7LUUDSLGHSRXU JUDQGHVFDGHQFHVGH FORXDJH 6\VWqPHGHGpVHQUD\HPHQW EUHYHWp 6LPSOHHWUDSLGH SOXVEHVRLQG·DFFHVVRLUH 1H]ILQHWDOORQJp 0HLOOHXUHYLVLELOLWp $FFqVDX[HQGURLWVpWURLWV &RXURQQH PP &DUDFWpULVWLTXHV $SSOLFDWLRQV7\SHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O $JUDIHV $JUDIHV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW 9LEUDWLRQ &RQVRPPDWLRQG·DLU 3DQQHDX[GHFRQWUHYHQWHPHQW ,VRODQW &DLVVHVHPEDOODJHVSDOHWWHV 0HQXLVHULH 9ROLJHV 3URGXLWVGHMDUGLQ PP $JUDIHVSRXU31 )LQLWLRQ *$/9$ &RXURQQH PP /LYUpHHQFRIIUHW NJ [[PP )LOPP&RXURQQHPP PP EDU DJUDIHV /3$VPG%$/:$VG%$/3$VG%$ PVò OF\FOHjEDU GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH '7( '7( '7( '7( '7( '7( '7( .* .* .* .* .* .* .* '',9 '',9 '',9 '',9 '',9 '7( '7( '7( .* .* .* .* .* .* .* .* '7( '7( .* .* *$/9$ P ,12;$ ZZZLWZLQGXVWU\IU (1 '7('52,7( '',9'52,7(',9(5*(17( '7( '',9 ),&+(6 352'8,76 6\VWqPHDQWLWLUjYLGH 3URWqJHOHERLV PP 31 $*5$)(86(31(80$7,48( &285211((752,7(PP ¡ÀOPP &RGHDUWLFOH O 2XWL W VDQ SXLV 52%867( 6RUWLHG·DLURULHQWDEOH 3OXVGHFRQIRUW 3RLJQpHDYHFJULSDPRUWLVVDQW ([FHOOHQWHSULVHHQ PDLQGHO·RXWLO %RXWRQGHGpVHQUD\HPHQW 'pVHQUD\HPHQWUDSLGH %RXWRQGHYHUURXLOODJHGXFKDUJHXU 6LPSOLFLWpGHFKDUJHPHQW 5pJODJHGHODSURIRQGHXUGHWLU $JUDIDJHSUpFLV &RXURQQH PP &DUDFWpULVWLTXHV $SSOLFDWLRQV7\SHV &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O $JUDIHV $JUDIHV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V /3$V 3DQQHDX[GHFRQWUHYHQWHPHQW (PEDOODJHVSDOHWWHV 0HQXLVHULH 9ROLJHV 3URGXLWVGHMDUGLQ 9LEUDWLRQ &RQVRPPDWLRQG·DLU PP $JUDIHVSRXU31 )LQLWLRQ ),&+(6 352'8,76 *$/9$ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 6pULH &RGH DUWLFOH '7( '7( '7( '7( '7( '7( '7( '7( .* .* .* .* .* .* .* .* '',9 '',9 '',9 '7( '7( '7( '7( .* .* .* .* .* .* .* '7( '7( .* .* *$/9$ P ,12;$ NJ [[PP )LOPP&RXURQQHPP PP EDU DJUDIHV G%$ G%$ G%$ PVò OF\FOHjEDU (1 '7('52,7( '',9'52,7(',9(5*(17( ',1 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU '7( '',9 $JUDIHXVHV6SpFLDOHV ,VRODWLRQ7KHUPLTXHSDU O·([WpULHXU,7( $JUDIHV+$8%2/'%6 /$PpWKRGHGHIL[DWLRQGHV SDQQHDX[LVRODQWVHQILEUHGHERLV MXVTX·jPPG·pSDLVVHXU /·DJUDIDJHHVWODPpWKRGHODSOXVHIILFDFHSRXUIL[HUOHVSDQQHDX[ LVRODQWVVXUYRVVWUXFWXUHVERLV /DIL[DWLRQSDUDJUDIDJHHVWMXVTX·j IRLVSOXVUDSLGHTXH ODÀ[DWLRQSDUYLVURVDFH(OOHHVWDXVVLEHDXFRXSSOXV 3XLVVDQWHVHWUREXVWHVOHVDJUDIHXVHVSQHXPDWLTXHV+DXEROG 31SHUPHWWHQWODIL[DWLRQGHVSDQQHDX[LVRODQWVHQWRXWH VpFXULWp 31 $JUDIHV MXVTX·j PP 31' $JUDIHV MXVTX·j PP 3DYDWH['LIIXWKHUP pFRQRPLTXH 31' $JUDIHV MXVTX·j PP ),&+(6 352'8,76 $875(6$33/,&$7,216'(6$*5$)(6%6 )L[DWLRQWHPSRUDLUHGHVSDQQHDX[LVRODQWVHQSRO\VW\UqQH ,VRODWLRQGHVWRLWV /HV DJUDIHV Q·pFUDVHQW SDVOHSDQQHDX /HUpJODJHILQGHO·HQIRQFHPHQW G H V D J U D I H V S H U P H W G H S R V L W L R Q Q H U S D U I D L W H P H Q W O·DJUDIH 3 O X V E H V R L Q G H U D M R X W H U G·HQGXLWDXQLYHDXGHODIL[DWLRQ FRPPHFHOjSHXWrWUHOHFDV DYHFOHVYLVV·LO\DpFUDVHPHQW GXSDQQHDX )L[DWLRQSRVVLEOHVXU RVVDWXUH PXUV HQ ERLV PDVVLI RX ODPHOOpVFROOpV WDVVHDX[UDSSRUWpVVXUXQH IDoDGHPDoRQQpH /(6$*5$)(6%66217$866,',6321,%/(63285926/,*1(6 $8720$7,6((6 0RGXOHG·DJUDIDJH6 /HPRGXOH6SHUPHWXQDJUDIDJHjKDXWUHQGHPHQWJUkFHjVRQPDJDVLQJUDQGH FDSDFLWpHWVDUDSLGLWpGHWLU ,OHVWGLVSRQLEOHHQSOXVLHXUVYHUVLRQVQRWDPPHQWODYHUVLRQ%6SRXUOHVDJUDIHV GHORQJXHXUMXVTX¶jPPSRXUOD¿[DWLRQGHVSDQQHDX[LVRODQWVHQ¿EUHGHERLV *8,'(6'(0,6((12(895( (ODERUpVHQFROODERUDWLRQDYHFOHVSULQFLSDX[IDEULFDQWVGHSDQQHDX[HQILEUHGHERLVQRVJXLGHVYRXVDFFRPSDJQHQW GDQV OH FKRL[ GH O·DJUDIH j XWLOLVHU HW YRXV LQGLTXHQW OHV UqJOHV GH PLVH HQ RHXYUH j UHVSHFWHU QRPEUH G·DJUDIHV HVSDFHPHQWHQIRQFHPHQWHWF ,62/$7,217+(50,48((;7(5,(85($&5(3,5 ),;$7,213$5$*5$)$*( ',))87+(50 3UHPLHUSDQQHDX LVRODQWHQÀEUHVGH ERLVSRXULVRODWLRQ WKHUPLTXHH[WpULHXUH ,7(VXUOHPDUFKp IUDQoDLV /HV DJUDIHXVHV SQHXPDWLTXHV +DXEROG +DXEROG 31 ' 31 ' HW 31 ' ' SHUPHWWHQWOD¿[DWLRQHQWRXWHVpFXULWpGHV ULWpGHV SDQQHDX[HQ¿EUHGHERLV',))87+(50 (50 $YDQWDJHV 3URGXLWQDWXUHOjEDVHGH¿EUHVGHERLV &RQVWUXFWLRQRXYHUWHjODGLIIXVLRQGHYDSHXU &OLPDWLQWpULHXUVDLQHWFRQIRUWDEOH &RQIRUPHjODSK\VLTXHGXEkWLPHQW ,VRODWLRQDFRXVWLTXHUHPDUTXDEOH *UDQGHFDSDFLWpG¶DFFXPXODWLRQGHODFKDOHXU ([FHOOHQWHSURWHFWLRQFRQWUHODFKDOHXUHVWLYDOH 8WLOLVDWLRQHQFRQVWUXFWLRQQHXYHHWHQUpQRYDWLRQ 'RQQpHVWHFKQLTXHV 3DQQHDXG¶LVRODWLRQHQ¿EUHVGHERLVVHORQ(1 :)(17&6?<75:608$) &RQGXFWLELOLWpWKHUPLTXH :P. &DSDFLWpWKHUPLTXHVSpFL¿TXH -NJ. )DFWHXUGHUpVLVWDQFHjODGLIIXVLRQGHYDSHXUȝ 5pVLVWDQFHDXSDVVDJHGHO¶DLUVXSRXpJDOj N3DVP 5pVLVWDQFHjODFRPSUHVVLRQSRXUXQDIIDLVVHPHQWGHVXS RXpJDOj1PP &ODVVHGHUpVLVWDQFHDXIHX(1 ( &HUWL¿FDW$&(50, 1R &RQGLWLRQQHPHQW (SDLVVHXU )RUPDW &KDQW 31' 31' &DUDFWpULVWLTXHV PP [FP UDLQpHWFUrWp &RXURQQH PP 'RPDLQHVG·DSSOLFDWLRQ ,VRODWLRQH[WpULHXUHjFUpSLU ,7( 0RQWDJHGLUHFWHPHQWVXUOHV VWUXFWXUHV 6XSSRUWLVRODQWSRXUHQGXLW RXYHUWjODGLIIXVLRQGHYDSHXU 3RXUFRQVWUXFWLRQHQERLVRX HQPDoRQQHULH /HVDJUDIHV%6 jFRXURQQHODUJHÀ[HQW À[HQW UDSLGHPHQWHWHQWRXWH WRXWH VpFXULWpOHVSDQQHDX[ HDX[ 'LIIXWKHUP PP ),&+(6 352'8,76 31' ' 31' 31' 31' NJ NJ NJ [[ [[ [[ HPP )LOPP&RXURQQHPP PP PP PP jEDU EDU EDU DJUDIHV DJUDIHV DJUDIHV PVò PVò PVò OF\FOH OF\FOH OF\FOH &RQVRPPDWLRQG·DLU jEDU jEDU jEDU 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O $JUDIHV $JUDIHV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 9LEUDWLRQ 31 31' $*5$)(86(631(80$7,48(6 &285211(/$5*(PP ¡ÀOPP &RGHVDUWLFOHV 63e&,$/,62/$17 (;7e5,(85 V QWH LVVD 3X PP *kFKHWWHVpTXHQWLHOOH 3OXVGHSUpFLVLRQ GHVpFXULWp 2XYHUWXUHIDFLOHHQFDVG·HQUD\DJH 3UDWLTXHHWUDSLGH 6\VWqPHDQWLWLUjYLGH 3URWqJHOHSDQQHDX $MXVWHPHQWGHODSURIRQGHXUGHWLU QLYHDX[SUpGHWHUPLQpV ODSRVLWLRQVpOHFWLRQQpHHVW PDLQWHQXHORUVGHO·DJUDIDJH 0DUTXDJHVXUOHQH] )DFLOLWHOHSRVLWLRQQHPHQW GHO·DJUDIH &RXURQQH PP 31 $SSOLFDWLRQV7\SHV ,VRODQWH[WpULHXU 3DQQHDX[HQILEUHGHERLV 3DQQHDX[PXOWLFRXFKHV 31' &DUDFWpULVWLTXHV 0RGqOH &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O $JUDIHV $JUDIHV/RQJXHXU 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 1LYHDX[GHEUXLW /3$VP /:$V 9LEUDWLRQ &RQVRPPDWLRQG·DLU 31 31' NJ NJ [[PP [[PP )LOPP&RXURQQHPP PP PP EDU EDU DJUDIHV DJUDIHV G%$ G%$ G%$ G%$ PVò PVò OF\FOHjEDU OF\FOHjEDU PP )LQLWLRQ *$/9$ P ,12;$ &RXURQQH PP (1 GXÀO PP /RQJXHXU PP 7\SH 4WpSDU ERvWH 4WpSDU SDOHWWH 31 31 6pULH &RGHDUWLFOH '52,7( '52,7( '52,7( '52,7( '52,7( %6 %6 %6 %6 %6 '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( '52,7( %6 %6 %6 %6 %6 %6 %6 ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 $JUDIHVSRXU3131' $JUDIHXVH6SpFLDOH 3DUHSOXLH3DUHYDSHXU &+$5*(0(17 )$&,/((75$3,'( 5('8,7/(5,648( '·$55$&+(0(17 /·$*5$)(86(3$6/2'(&6 5e'8,7/(5,648('·$55$&+(0(17 '83$5(3/8,(3$5(9$3(85 81(62/87,216,03/(5$3,'((7 ()),&$&( &DSVXOHV)DV&DSVEUHYHWpHV *5$1'($872120,( 5RXOHDX[GHFDSVXOHV)DV&DSV &RXURQQH PP ),&+(6 352'8,76 PP ¡ÀOPP &RGHDUWLFOH 6pOHFWLRQGXPRGHGHWLU 5DIDOHRX VpTXHQWLHOSRXUSOXVGH IOp[LELOLWp 6RUWLHG·DLURULHQWDEOH j 3OXVGHFRQIRUW PP &6 $*5$)(86($&$368/(6 &285211((752,7(PP 5RXOHDXJUDQGHFDSDFLWp )DFLOHjLQVWDOOHU &OLSFHLQWXUH 5pJODEOH &RPPXWDWHXUGHWLU 3HUPHWGHSDVVHU DXPRGHGHWLUVDQV FDSVXOH $MXVWHPHQWGHOD SURIRQGHXUGHWLU 6LPSOHHWUDSLGH SRXUXQWUDYDLOGHSUpFLVLRQ 'pVHQUD\DJHGHV DJUDIHV ,QWHUYHQWLRQUDSLGH HWVDQVDFFHVVRLUH 5HFKDUJHPHQWUDSLGH 3RXVVRLUSRXU ODPLVHHQSODFHGHV DJUDIHV NJ 2XWLOOpJHU 3OXVPDQLDEOH PRLQVGHIDWLJXH &$5$&7(5,67,48(6 &RGHDUWLFOH 3RLGV 'LPHQVLRQV/[+[O $JUDIHV NJ [[PP &DSVXOHV 3UHVVLRQG·XWLOLVDWLRQ &DSDFLWpPDJDVLQ 'LDPqWUHPP EDU )LOPP&RXURQQHPP /RQJXHXUPP 287,/),$%/(/e*(5(7%,(1e48,/,%5e 3/865$3,'(48(/·$*5$)$*(0$18(/ 87,/,6(02,16'·$*5$)(6 DJUDIHV FDSVXOHV)DV&DSV )LQLWLRQ &RXURQQH PP GXÀO PP /RQJXHXU PP 7\SH 4WpSDU FDUWRQ &RGH DUWLFOH *$/9$ '52,7( DJUDIHV FDSVXOHV)DV&DSV ZZZLWZLQGXVWU\IU ),&+(6 352'8,76 $JUDIHVHWFDSVXOHVSRXU&6 &21',7,216*(1(5$/(6'(9(17( 35,; 1RVSUL[VRQWpWDEOLV+7jO¶XQLWp79$HQVXV ,OVV¶HQWHQGHQW GpSDUWXVLQHRXPDJDVLQSRUWHWHPEDOODJHHQVXV FRPPDQGHVG¶XQPRQWDQWLQIpULHXUj¼QHW+7GHVIUDLV¿[HVG¶XQHYDOHXUGH¼+7VHURQWIDFWXUpV IUDQFRjSDUWLUGH¼QHW+73RXUWRXWHFRPPDQGHG¶XQPRQWDQWLQIpULHXUXQHSDUWLFLSDWLRQDX[IUDLVGHSRUWHWHPEDOODJHVHUDDSSOLTXpH 3DUWLFLSDWLRQGH¼SRXUOHVFRPPDQGHVLQIpULHXUHVj¼QHW+7 3DUWLFLSDWLRQGH¼SRXUOHVFRPPDQGHVGHSOXVGH¼QHW+7j¼QHW+7 WRXWHOLYUDLVRQH[SUHVVHjODFKDUJHGXFOLHQW /HVSUL[HWWD[HVHQYLJXHXUDXFRXUVGXMRXUGHODOLYUDLVRQVHUYHQWjpWDEOLUQRVIDFWXUHVHWVRQWUpYLVDEOHVjWRXWPRPHQWHQFDVGHYDULDWLRQGHV FRQGLWLRQVpFRQRPLTXHVHWGHVFRXUVGHVPDWLqUHVSUHPLqUHV 1RVSUL[VRQWpWDEOLVSRXUGHVOLYUDLVRQVFRUUHVSRQGDQWDXVXUHPEDOODJHFDUWRQSRXUWRXVOHVFRQVRPPDEOHV3RXUGHVFRPPDQGHVjODERvWH GHVIUDLVGHSUpSDUDWLRQGHFROLVSRXUURQWrWUHIDFWXUpV '(/$,6 1RVGpODLVQHVRQWGRQQpVTX¶jWLWUHLQGLFDWLIHWQHSHXYHQWGRQQHUOLHXjDXFXQHSpQDOLWpGHUHWDUGQLGRPPDJHVHWLQWpUrWVQLDQQXODWLRQGH FRPPDQGHV 3DUDLOOHXUVWRXWHFODXVHSUpYXHGDQVOHVFRQGLWLRQVJpQpUDOHVG¶DFKDWGHQRVFOLHQWVHVWUpSXWpHQRQYDODEOH &200$1'(6 /HVFRPPDQGHVQHVRQWYDODEOHVTX¶DSUqVDFFHSWDWLRQGHQRWUHSDUW )DEULFDWLRQVSpFLDOHSRXUWRXWHIDEULFDWLRQVSpFLDOHKRUVFDWDORJXHQRXVQRXVUpVHUYRQVOHGURLWGHOLYUHUHWIDFWXUHUOHVTXDQWLWpVFRPPDQGpHV DYHFXQHYDULDWLRQGH(QDXFXQFDVOHPDWpULHOIDLVDQWO¶REMHWG¶XQHIDEULFDWLRQVSpFLDOHQHSRXUUDIDLUHO¶REMHWG¶XQHGHPDQGHGHUHWRXURX G¶DQQXODWLRQ/DFRPPDQGHpFULWHGHYUDVWLSXOHUFHVFRQGLWLRQV 7RXWHIDEULFDWLRQVSpFLDOHIHUDO¶REMHWG¶XQHFRPPDQGHVSpFL¿TXHIHUPHHWLUUpYRFDEOHGHODSDUWGXFOLHQW (;3(',7,21 /HVPDUFKDQGLVHVVRQWWUDQVSRUWpHVSDUOHWUDQVSRUWHXUGHQRWUHFKRL[DX[ULVTXHVHWSpULOVGXGHVWLQDWDLUHPrPHORUVG¶H[SpGLWLRQHQIUDQFR(Q FDVG¶DYDULHRXGHPDQTXDQWLODSSDUWLHQGUDjQRVFOLHQWVGHIDLUHOHVUpVHUYHVQpFHVVDLUHVDXSUqVGXWUDQVSRUWHXUSDUOHWWUHUHFRPPDQGpHDYHF $5VRXVTXDUDQWHKXLWKHXUHVHWGHQRXVHQWUDQVPHWWUHXQHFRSLHGDQVOHVFLQTMRXUVVXLYDQWODUpFHSWLRQGHVPDUFKDQGLVHV *$5$17,( 7RXV QRV DSSDUHLOV VRQW JDUDQWLV SRXU XQH GXUpH G¶XQ DQ VDXI SLqFHV G¶XVXUH j FRPSWHU GH OD OLYUDLVRQ j FRQGLWLRQ TXH OHXU XWLOLVDWLRQ VRLW HIIHFWXpHSDUGHVSURIHVVLRQQHOVFRQIRUPpPHQWDX[UqJOHVGHO¶DUWDX[FRQVLJQHVG¶HPSORLHWVpFXULWp¿JXUDQWVXUOHVQRWLFHVWHFKQLTXHVHWGDQV OHVPDQXHOVG¶XWLOLVDWLRQHWjFRQGLWLRQTXHOHXUGpIDLOODQFHQHUpVXOWHSDVG¶XQHXWLOLVDWLRQDQRUPDOHG¶XQHQpJOLJHQFHG¶XQHPDOYHLOODQFHRXG¶XQ DFFLGHQWH[WpULHXU'DQVWRXVOHVFDVRHOOHV¶H[HUFHODJDUDQWLHVHOLPLWHjODIRXUQLWXUHG¶XQDSSDUHLOGHUHPSODFHPHQWRXDXUHPERXUVHPHQW LQWpJUDOGXSURGXLWLQFULPLQpjO¶H[FOXVLRQGHWRXVDXWUHVIUDLVFKDUJHVRXLQGHPQLWpV /HVLQWHUYHQWLRQVDXWLWUHGHODSUpVHQWHJDUDQWLHQHVDXUDLHQWDYRLUSRXUHIIHWGHSURORQJHUODGXUpHGHFHOOHFL 5(6(59('(35235,(7( 7RXWHVQRVYHQWHVVRQWFRQFOXHVDYHFXQHUpVHUYHGHSURSULpWp1RXVQRXVUpVHUYRQVH[SUHVVpPHQWODIDFXOWpG¶DSSOLTXHUODFODXVHGHUpVHUYH GH SURSULpWp ORL GX 0DL HW -DQYLHU SRXU OHV PDUFKDQGLVHV OLYUpHV MXVTX¶DX SDLHPHQW LQWpJUDO GH OHXU SUL[ HQ SULQFLSDO HW LQWpUrWPrPHHQFDVGHMXJHPHQWMXGLFLDLUH/¶DFKHWHXUHQGHYLHQGUDFHSHQGDQWUHVSRQVDEOHGqVOHXUUHPLVHPDWpULHOOHLOUHVWHGpSRVLWDLUHGHV PDUFKDQGLVHVHWJDUDQWGHOHXUERQQHFRQVHUYDWLRQMXVTX¶DXSDLHPHQWLQWpJUDOOHWUDQVIHUWGHSRVVHVVLRQHQWUDvQDQWFHOXLGHVULVTXHV 7RXWHDFFHSWDWLRQGHOLYUDLVRQGHQRWUHSDUWHQWUDvQHO¶DFFHSWDWLRQGHFHWWHFODXVH7RXWHVWLSXODWLRQFRQWUDLUHjFHWWHFODXVHDXPRPHQWGHODYHQWH HVWUpSXWpHQRQYDODEOHORLGX-DQYLHUDUW 3$,(0(17 &RQIRUPpPHQWjO¶$UWLFOH/GXFRGHGHFRPPHUFHQRVIDFWXUHVVRQWSD\DEOHVjTXDUDQWHFLQTMRXUV¿QGHPRLV'HFRQYHQWLRQH[SUHVVHHW VDXIUHSRUWDFFRUGpSDUQRXVWRXWGpIDXWGHSDLHPHQWRXSURURJDWLRQG¶XQHVHXOHpFKpDQFHRXUHWDUGGHSDLHPHQW UHQGLPPpGLDWHPHQWH[LJLEOHWRXWHVOHVFUpDQFHVPrPHQRQHQFRUHpFKXHVTXHOTXHVRLWOHPRGHGHUqJOHPHQWSUpYX GRQQHO¶H[LJLELOLWpjWLWUHGHGRPPDJHVHWLQWpUrWV GHSpQDOLWpVGHUHWDUGjFRPSWHUGHODGDWHG¶pFKpDQFH GHO¶DSSOLFDWLRQGHVLQWpUrWVOpJDX[VXUOHVVRPPHVGXHVjFRPSWHUGHODGDWHG¶pFKpDQFHjXQWDX[pJDODXWDX[G¶LQWpUrWDSSOLTXp SDUODEDQTXHFHQWUDOHHXURSpHQQHPDMRUpHGHSRLQWVGHSRXUFHQWDJH ,OUHVWHHQWHQGXTXHPrPHVLG¶DXWUHVGpODLVGHSDLHPHQWVRQWFRQVHQWLVQRXVQRXVUpVHUYRQVOHGURLWjWRXWPRPHQWG¶H[LJHUGHO¶DFKHWHXUXQH JDUDQWLHGHODERQQHH[pFXWLRQGHVHVHQJDJHPHQWV 6DXIDFFRUGVSpFL¿TXHQRXVQ¶DFFRUGRQVDXFXQHVFRPSWHVXUIDFWXUHSRXUSDLHPHQWDQWLFLSp 5(7285'(0$5&+$1',6( 7RXWUHWRXUGHPDUFKDQGLVHGRLWrWUHVRXPLVjO¶DFFHSWDWLRQGH,7:,1'8675<TXLFKRLVLWOHWUDQVSRUWHXU(QFDVGHQRQFRQIRUPLWpVXUOLYUDLVRQ DSUqVH[DPHQFRQWUDGLFWRLUHSRXUDXWDQWTXHODUpFODPDWLRQVRLWDGPLVHQRWUHUHVSRQVDELOLWpVHERUQHH[FOXVLYHPHQWDXUHPSODFHPHQWSXUHW VLPSOHGXPDWpULHOGpIHFWXHX[RXPDQTXDQWVDQVSRXYRLUGRQQHUOLHXjGHVLQGHPQLWpV 7RXWHUpFODPDWLRQGRLWQRXVrWUHDGUHVVpHGDQVOHVMRXUVVXLYDQWODUpFHSWLRQGHVPDUFKDQGLVHV$XGHOjDXFXQHUpFODPDWLRQQHSRXUUDrWUH SULVHHQFRPSWH 3RXUWRXWHPDUFKDQGLVHUHWRXUQpHDXSOXVWDUGPRLVDSUqVODGDWHGHIDFWXUHOD6Wp,7:,1'8675<VHUpVHUYHOHGURLWG¶DSSOLTXHUXQHGpFRWH GHVXUOHPRQWDQWIDFWXUp3DVVpFHGpODLODGpFRWHDSSOLTXpHVHUDGH -85,',&7,21 6DXIFRQYHQWLRQVSpFLDOHHWpFULWHWRXWHFRPPDQGHHPSRUWHGHSOHLQGURLWGHODSDUWGHO¶DFKHWHXUVRQDGKpVLRQjQRVFRQGLWLRQVJpQpUDOHVGH YHQWH 7RXWHVFRQWHVWDWLRQVVHURQWSRUWpHVGHYDQWOH7ULEXQDOGH&RPPHUFHGH5RPDQVVHXOFRPSpWHQWHQFDVGHOLWLJHjO¶H[FOXVLRQGHWRXWDXWUH PrPHHQFDVG¶DSSHOHQJDUDQWLHRXGHSOXUDOLWpGHGpIHQGHXUV /HIDLWG¶DFFHSWHUGHVSDLHPHQWVSDUFKqTXHYLUHPHQWELOOHWjRUGUHGHGLVSRVHURXGHIDLUHDFFHSWHUQRVWUDLWHVQ¶HQWUDvQHDXFXQHUHQRQFLDWLRQ jFHWWHFODXVHG¶DWWULEXWLRQGHMXULGLFWLRQ 6(59,&(&/,(176VHUYLFHFOLHQWV#LWZLQGXVWU\IU ,7:,QGXVWU\ XQHRIIUHFRPSOqWH SRXUODFRQVWUXFWLRQERLV 5HWURXYH]OHVQRXYHDXWpV WpOpFKDUJH]OHVFDWDORJXHVOHV ÀFKHVSURGXLWVOHVYXHVpFODWpHV VXU ZZZLWZLQGXVWU\IU ,7:,QGXVWU\HVWSDUWHQDLUHG·$)&2%2,6 OH6\QGLFDWGHOD&RQVWUXFWLRQ%RLV ZZZLWZLQGXVWU\IU 5HWURXYH]QRVQRXYHDXWpV LQVFULYH]YRXVjQRWUHQHZVOHWWHUVXU ZZZLWZLQGXVWU\IU 9RWUHGLVWULEXWHXU Clouage | Agrafage | Ancrage | Logiciels DYHQXHGH/\RQ %RXUJ/qV9DOHQFH 6HUYLFHFOLHQWV )D[ VHUYLFHFOLHQWV#LWZLQGXVWU\IU 1RV SURGXLWV HW pTXLSHPHQWV VRQW UpVHUYpV j O·XVDJH GH SURIHVVLRQQHOV GPHQW IRUPpV HW TXDOLILpV /HXU XWLOLVDWLRQ GRLW VH FRQIRUPHU VWULFWHPHQW DX[ FRQVHLOVILJXUDQWGDQVOHVQRWLFHVWHFKQLTXHVGHQRVSURGXLWV ,7:,QGXVWU\VHUpVHUYHOHGURLWGHPRGLILHUjWRXWPRPHQWOHVFDUDFWpULVWLTXHVGHVHVSURGXLWV6XUOHVSKRWRVSHXYHQWrWUHSUpVHQWpVGHVpTXLSHPHQWVRX DFFHVVRLUHVIRXUQLVHQRSWLRQHWQRQLQFOXVGDQVOHVWDQGDUG3KRWRVQRQFRQWUDFWXHOOHV ,PSULPpHQVHSWHPEUH