Download as pdf or txt
Download as pdf or txt
You are on page 1of 408

7DULIVHWFDUDFWpULVWLTXHVWHFKQLTXHV

(GLWLRQ
*DJJHQDXSURSRVHGHVSURGXLWVG¶H[FHSWLRQ
GHSDUOHXU=QLWLRQSDUIDLWHOHXUWHFKQRORJLH
LQQRYDQWHHWOHXUGHVLJQPLQLPDOLVWH

)RXUVIRXUVYDSHXUFRPELYDSHXUWLURLUVRXVYLGH
PDFKLQHVjFDIp9DULRHWWDEOHVGHFXLVVRQ
KRWWHVODYHYDLVVHOOHRXHQFRUHDSSDUHLOVGpGLpV
DXIURLGWRXVUpSRQGHQWDXQLYHDXG¶H[LJHQFH
GHVSURIHVVLRQQHOVDXSUR=WGHVSDUWLFXOLHUV
)DLVDQWDSSHOjGHVPDWpULDX[QREOHVWHOVTXHOH
YHUUHO·LQR[RXHQFRUHO·DOXPLQLXPFKDTXHDSSDUHLO
HVWWUDYDLOOpGDQVOHVPRLQGUHVGpWDLOVHWH[SULPHOHV
YDOHXUVGHODPDUTXH

3DUIDLWVGDQVODIRQFWLRQWRXVVRQWVLPSOHV
jXWLOLVHUHWRWUHQWXQGHVLJQXQLTXH

*DJJHQDXODGLWpUHQFH
Four EB 333 2

Fours Série 400 8

Fours Série 200 52

Vario de cuisson 88

Tables de cuisson 158

Appareils d‘aspiration 212

Appareils de froid 298

Lave-vaisselle | Lave-linge | Sèche-linge 362

Accessoires | Label énergétique | Home Connect 396


)RXU(%


)RXU(%

(% 
$FFHVVRLUHV(% 
'RQQpHVWHFKQLTXHV(% 
)RXU6pULH ,QWpJUDWLRQGDQVOHUpVHDX
(%  GRPHVWLTXHSRXUVHUYLFHVGLJLWDX[
+RPH&RQQHFW YLDXQFkEOH/$1
² 3RUWHDEDWWDQWHG
XQHVHXOHSLqFH UHFRPPDQGp RXXQHFRQQH[LRQ:L)L
DYHFSDQQHDXIURQWDOHQLQR[PDVVLI /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
G
XQHpSDLVVHXUGHPPWUDYDLOOp &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
DYHFSUpFLVLRQ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
² 6\VWqPHG
RXYHUWXUHHWGH SD\VUHVSHFWLI/HVVHUYLFHV+RPH
IHUPHWXUHGHSRUWHVRXSOHHWHQ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
(%    ࡱ GRXFHXU WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
,QR[  ࡱ+7 ² 3RVLWLRQQHPHQWHQGLDJRQDOH KRPHFRQQHFWFRP
+RPH&RQQHFW GHVODPSHVSRXUXQpFODLUDJH 
/DUJHXUFP RSWLPDOGHO
HQFHLQWHGHFXLVVRQ 6pFXULWp
² $XWRQHWWR\DJHS\URO\VH 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
/HSUL[FRPSUHQG ² PRGHVGHFXLVVRQDYHFVRQGH 6pFXULWpHQIDQWV
W{OHjSkWLVVHULHpPDLOOpHS\URO\VDEOH WKHUPRPpWULTXHWRXUQHEURFKHHW &RXSXUHGHVpFXULWp
WRXUQHEURFKH IRQFWLRQSLHUUHjSDLQHWjSL]]DV 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
JULOOH ² 3URJUDPPHVDXWRPDWLTXHV UHIURLGLVVHPHQWGHO
DSSDUHLO
OqFKHIULWHDYHFJULOOH ² 6RQGHWKHUPRPpWULTXHDYHFHVWLPD
VRQGHWKHUPRPpWULTXHDPRYLEOH WLRQGXWHPSVGHFXLVVRQ 1HWWR\DJH
² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH $XWRQHWWR\DJHSDUS\URO\VH
$FFHVVRLUHVHQRSWLRQ URWDWLIGDQVOHVGHX[VHQVSRXUXQH (PDLOEOHX*DJJHQDX
%$  ࡱ UpSDUWLWLRQLGpDOHGHODFKDOHXU &DWDO\VHXUpOHFWULTXHGHIXPpHV
%RXWRQVQRLUV  ࡱ+7 ² (FUDQ7)7VHQVLWLI SXULILDQWO
DLUUHMHWp
SRXU(% ² $SSDUHLOVDQVEDQGHDXGH
6HWGH FRPPDQGHDYHFPRGXOHGH &RQVHLOVG
LQVWDOODWLRQ
%$    ࡱ FRPPDQGHVLWXpGHUULqUHODYLWUH 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
5DLOWpOHVFRSLTXH   ࡱ+7 ² 5pJODJHpOHFWURQLTXHGHOD ODYLWUHDYDQWGXIRXUPP
&DGUHVXSSRUWHQIRQWHS\URO\VDEOHHW WHPSpUDWXUHGHƒ&jƒ& 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
V\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH ² 9ROXPHXWLOHOLWUHV O
H[WpULHXUGHODSRLJQpHPP
%$    ࡱ ² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ 3RXUXQHLQVWDOODWLRQVRXVSODQVRXVOD
7{OHjSkWLVVHULH  ࡱ+7 WDEOHGHFXLVVRQUHVSHFWHUXQH
pPDLOOpH 0RGHVGHFXLVVRQ GLVWDQFHPLQLGHPPHQWUHOH
PPGHSURIRQG &KDOHXUWRXUQDQWH GHVVRXVGHODWDEOHGHFXLVVRQHWOH
%$    ࡱ &KDOHXUWRXUQDQWH(FR GHVVXVGXIRXU5HVSHFWHUOHV
*ULOOHFKURPpH  ࡱ+7 9R€WH6ROH SUpFRQLVDWLRQVG
LQVWDOODWLRQGHVWDEOHV
6DQVRXYHUWXUHDYHFSLHGV 9R€WH6ROH GHFXLVVRQ QRWDPPHQWOHVLQVWUXFWLRQV
%$    ࡱ 9R€WH GHYHQWLODWLRQHWGHUDFFRUGHPHQWJD]
5pVLVWDQFHSRXU  ࡱ+7 9R€WH6ROH pOHFWULTXH 
SLHUUHjSDLQHWjSL]]DVHWIDLWRXW 6ROH 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
HQIRQWH &KDOHXUWRXUQDQWH6ROH GHPPSRVLWLRQQHUOHFkEOHGH
%$    ࡱ &KDOHXUWRXUQDQWH6ROH UDFFRUGHPHQWGDQVO
DQJOHGH
3LHUUHjSDLQHWj  ࡱ+7 *ULOJUDQGHVXUIDFH$LUYHQWLOp O
DSSDUHLO
SL]]DV *ULOJUDQGHVXUIDFH /DSULVHGRLWrWUHSUpYXHHQGHKRUV
&RPSUHQGVXSSRUWHWXQHSHOOH &RPSDFW*ULO GHODQLFKH
jSL]]D FRPPDQGHUODUpVLVWDQFH &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
VpSDUpPHQW &XLVVRQGDQVIDLWRXWHQIRQWH GHO
DSSDUHLOHQKDXWjJDXFKH
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH (WXYH
GHUDLOWpOHVFRSLTXH 'pFRQJpODWLRQ 9DOHXUVGHUDFFRUGHPHQW
%6    ࡱ 0DLQWLHQDXFKDXG &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
3HOOHjSL]]DVHWGH  ࡱ+7 XQHFODVVLILFDWLRQGH$j'
*1    ࡱ %DQGHDXGHFRPPDQGH 3XLVVDQFHWRWDOHN:
)DLWRXW*DVWUR1RUP  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIV 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
HQIRQWHG
DOXPLQLXP HWpFUDQ7)7VHQVLWLI 3UpYRLUXQFkEOH/$1
*1KDXWHXUPPDQWLDGKpUHQW $IILFKDJHWH[WHFODLU
0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV
LQFOXDQWODVRQGHWKHUPRPpWULTXH
DYHFHVWLPDWLRQGXWHPSVGHFXLVVRQ 
3HUVRQQDOLVDWLRQGHVSURJUDPPHV
DXWRPDWLTXHV
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
3RUWHDEDWWDQWHDYHFDQJOHG
RXYHUWXUH
jƒ

&DUDFWpULVWLTXHV
6RQGHWKHUPRPpWULTXHSRLQWVGH
PHVXUHDYHFDUUrWDXWRPDWLTXHHW
HVWLPDWLRQGXWHPSVGHFXLVVRQ
3URJUDPPHVDXWRPDWLTXHV
7RXUQHEURFKH
3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
7KHUPRWHVW$IILFKDJHGHOD
WHPSpUDWXUHUpHOOH
3UpFKDXIIDJHUDSLGH
)RQFWLRQVGXSURJUDPPDWHXUGXUpH
GHODFXLVVRQILQGHODFXLVVRQ
PLQXWHULHFKURQRPqWUHPLQXWHULH
VSpFLDOHFXLVVRQORQJXHGXUpH
(FODLUDJHKDORJqQHYR€WH:
(FODLUDJHKDORJqQHODWpUDO[:
6XSSRUWVODWpUDX[pPDLOOpV
S\URO\VDEOHVDYHFQLYHDX[G
LQVHUWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$FFHVVRLUHV)RXU(% )RXUV6pULH 

1RWLILFDWLRQWRXVOHVDFFHVVRLUHVQHV
DGDSWHQWSDVjWRXVOHVIRXUV
3RXUSOXVG
LQIRUPDWLRQYRLUWDEOHDXSDJH

%$ ࡱ
%RXWRQVHQLQR[ ࡱ+7 
DYHFUHYrWHPHQWQRLUSRXU(%
6HWGH

%$   ࡱ


5DLOWpOHVFRSLTXH ࡱ+7 
6RUWLHWRWDOH

%$   ࡱ


7{OHjSDWLVVHULH ࡱ+7
pPDLOOpH
3URIRQGHXUPP

%$   ࡱ


*ULOOH ࡱ+7 
VDQVRXYHUWXUHDYHFSLHGV

%$   ࡱ


5pVLVWDQFH ࡱ+7 
SRXUSLHUUHjSDLQHWjSL]]DVHWIDLWRXW
HQIRQWH

%$   ࡱ


3LHUUH ࡱ+7 
jSDLQHWjSL]]DV
&RPSUHQGVXSSRUWHWSHOOH
5pVLVWDQFHjFRPPDQGHUVpSDUpPHQW 
1RQFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH

%6   ࡱ


3HOOH ࡱ+7 
SRXUHQIRXUQHUSDLQSL]]DV
6HWGH

*1   ࡱ


)DLWRXWHQIRQWH ࡱ+7 
G¶DOXPLQLXPDQWLDGKpUHQW
3HXWVHSRVLWLRQQHUDXVVLELHQGDQVOH
IRXU DYHFUDLOWpOHVFRSLTXH%$
%$ TXHGDQVOHIRXUYDSHXU
+DXWHXUPP SRXUJUDQGH
TXDQWLWp 3HUPHWGHVDLVLUDYHFOD
IRQFWLRQ)DLWRXWGDQVOHIRXU
8WLOLVDWLRQLQGpSHQGDQWHGXSODW
PPHWRXGXFRXYHUFOHPP
)RQFWLRQQHDYHFODUpVLVWDQFH
%$%$SRXUXWLOLVDWLRQDYHF
OHVIRXUV%2
1HWWR\DJHIDFLOLWpJUkFHj
XQUHYrWHPHQWDQWLDGKpUHQW
$FFHVVRLUHV(%

5pIpUHQFHV 5pIpUHQFHV
(%
RQOLQH
%RXWRQURWDWLI )RXU
%$ %RXWRQVLQR[DYHFUHYrWHPHQWQRLU ঑
3ODTXHGHFXLVVRQpPDLOOpH
%$  SURIRQGHXUPP ‡঑
5DLOWpOHVFRSLTXH
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHSRXUIRXUS\URO\VH ঑
3LHUUHjSDLQHWjSL]]DV
%$  FRPSUHQDQWVXSSRUWHWSHOOH UpVLVWDQFHjFRPPDQGHUVpSDUpPHQW ঑
)DLWRXWHQIRQWHG
DOXPLQXP
*1  *1òࡕKDXWHXUPPUHYrWHPHQWDQWLDGKpUHQW  ঑
SHXWVHSRVLWLRQQHUDXVVLELHQGDQVOHIRXUDYHFUDLOWpOHVFRSLTXH%$%$ 
DYHFpOpPHQWGHFKDXWH%$RX%$ UpVLVWDQFHjFRPPDQGHU
VpSDUHPHQW TXHGDQVOHIRXUFRPELQpYDSHXUDYHFDGDSWDWHXU*1HWUDLO
WpOHVFRSLTXH%$
*ULOOH
%$  VDQVRXYHUWXUHDYHFSLHGV ‡঑
1R JULOOHSRXUOqFKHIULWH(71UDYHFRXYHUWXUHHWSLHGV ‡঑
/qFKHIULWH
1R DYHFSLHGVHW=[DWLRQVSRXUWRXUQHEURFKHSURIRQGHXUPP ‡঑
5pVLVWDQFH
%$  DFFHVVRLUHQpFHVVDLUHSRXUODSLHUUHjSDLQHWjSL]]D%$ ঑
3HOOHjSL]]DV
%6  VHWGH ঑

‡(TXLSHPHQWGHVpULH
঑$FFHVVRLUHVSpFLDO
5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
)RXU(% )RXUV6pULH 

7\SHG
DSSDUHLO )RXU
$FLHULQR[ (%
'LPHQVLRQV
/DUJHXU FP 
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP 
'LPHQVLRQVGHODQLFKH/[+[3 PP [[
3RLGVQHW NJ 
9ROXPH(IILFLHQFHpQHUJpWLTXH VHORQQRUPH(8(1HW
9ROXPHXWLOH O 
1RPEUHGH]RQHGHFXLVVRQ 
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[
&ODVVHG
pZFLHQFHpQHUJpWLTXHHQ&KDOHXU7RXUQDQWH(FR $
,QGH[(ZFLHQFH(QHUJpWLTXH ((, 
&RQVRPPDWLRQ6ROH9R€WH N:K 
&RQVRPPDWLRQ&KDOHXU7RXUQDQWH(FR N:K 
6RXUFHG
pQHUJLH pOHFWULTXH
0RGHVGHFXLVVRQ
3ODJHGHWHPSpUDWXUH ƒ& ²
&KDOHXU7RXUQDQWH&KDOHXU7RXUQDQWH(FR9R€WH6ROH ‡‡‡
9R€WH6ROH&KDOHXU7RXUQDQWH6ROH ‡‡‡
9R€WH6ROH ‡
9R€WH6ROH ‡
&KDOHXU7RXUQDQWH6ROH ‡
*ULOJUDQGHVXUIDFH$LUYHQWLOp ‡
*ULOJUDQGHVXUIDFH ‡
*ULO(FR ‡
&XLVVRQVXUSLHUUHjSDLQHWjSL]]DV ‡
&XLVVRQ)DLWRXW ‡
(WXYH'pFRQJpODWLRQ0DLQWLHQDXFKDXG ‡‡‡
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡
0RGXOHGHFRPPDQGHKDXWFHQWUDOEDV ‡²²
2XYHUWXUHGHSRUWHDXWRPDWLTXH ²
$ZFKDJHWH[WHFODLU  QEGHODQJXHV 
5HFHWWHVSHUVRQQHOOHV 
$QJOHG
RXYHUWXUHGHSRUWH ƒ 
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡
6RQGHWKHUPRPqWULTXHDPRYLEOHSRLQWVGHPHVXUH ‡
3URJUDPPHVDXWRPDWLTXHV ‡
7RXUQHEURFKH ‡
3ULVHSRXUSLHUUHjSDLQHWjSL]]DV ‡
)RQFWLRQ)DLWRXW ‡
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡
3UpFKDXWDJHUDSLGH ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHULHFKURQRPqWUH ‡
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡
(FODLUDJHKDORJqQH9R€WH : 
(FODLUDJHKDORJqQH/DWpUDO : [
1LYHDX[GHFXLVVRQ QE 
+RPH&RQQHFWYLD/$1RX:,), ‡ó
$FFHVVRLUHV
7{OHjSDWLVVHULH 
7DLOOHGHODSOXVJUDQGHW{OHGHFXLVVRQ  FPò 
*ULOOH 
/qFKHIULWHpPDLOOp*ULOOHSRXUOqFKHIULWH 
/qFKHIULWHHQYHUUH ²
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXHSOXVLHXUVYLWUHV YLWUHV
6pFXULWpHQIDQW9HUURXLOODJHGHSRUWH&RXSXUHGHVpFXULWp ‡‡‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡
1HWWR\DJH
$XWRQHWWR\DJHSDUS\URO\VH ‡
(PDLOEOHX*DJJHQDX ‡
&DUDO\VHXUpOHFWULTXHGHIXPpHSXUL=DQWO
DLUUHMHWp ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N: 

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKH
ò$FFHVVRLUHVHQRSWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V


)RXUV6pULH
)RXUV6pULH

9XHG·HQVHPEOHGHVFRPELQDLVRQVG·DSSDUHLOVGHOD6pULH 
&RQVHLOVG·LQVWDOODWLRQSRXUO·LQWpJUDWLRQGHVIRXUV 
HWFRPELQDLVRQVGHIRXUVGHOD6pULHHW6pULH
)RXUV6pULH 
)RXUVFRPELYDSHXU6pULH 
)RXUVPLFURRQGHVFRPELQpV6pULH 
0DFKLQHVjFDIpH[SUHVVRWRXWDXWRPDWLTXH6pULH 
7LURLUV6RXV9LGH6pULH 
7LURLUVFKDXIIDQWV6pULH 
$FFHVVRLUHV6pULH 
'RQQpHVWHFKQLTXHV6pULH 
9XHG·HQVHPEOHGHVFRPELQDLVRQVG·DSSDUHLOV6pULH

&RPELQDLVRQVG
DSSDUHLOVHQFRORQQHODUJHXUFP

&LFRQWUHOHVSULQFLSDOHV
FRPELQDLVRQVSHUPHWWDQWXQH
FRPELQDLVRQSDUIDLWHGHVIRXUVIRXUV &RPELQDLVRQVG
DSSDUHLOVHQFDUUpODUJHXUFP
FRPELYDSHXUIRXUVPLFURRQGHV
FRPELQpVPDFKLQHVjFDIpWLURLUV
6RXV9LGHWLURLUVFKDXIIDQWV
HWODYHYDLVVHOOH

,QGLFDWLRQVJpQpUDOHV
೉ 7RXVOHVDSSDUHLOVSUpVHQWpVVRQW
GLVSRQLEOHVHQSRUWHSOHLQYHUUH
VXULQR[

೉ (QFDVGHSOXVLHXUVDOWHUQDWLYHV
%6%0HW'9:6 ODSKRWR
FRUUHVSRQGjODqUH
UpIpUHQFHFLWpH

&RPELQDLVRQG·DSSDUHLOV ‡%6%0 ‡%; ‡%6%0 ‡%0%6


HQFRORQQH ‡%2 ‡:6 ‡%2 ‡%2
/RUVGHO·LPSODQWDWLRQHWGHOD ‡:6
FRPPDQGHYHLOOHUj
&RPELQDLVRQVG
DSSDUHLOVF{WHjF{WH &RPELQDLVRQVG
DSSDUHLOVHQFDUUpDYHFWLURLUFKDXIIDQW
೉ /HVHQVG·RXYHUWXUHGHODSRUWH ODUJHXUFP ODUJHXUFP
GRLWrWUHLGHQWLTXH
೉ /HVFKDUQLqUHVGHODSRUWHQHVRQW
SDVUpYHUVLEOHV FKDUQLqUHVjGURLWH
FKDUQLqUHVjJDXFKH 
೉ /DODUJHXUGHVDSSDUHLOVGRLWrWUH
LGHQWLTXH
೉ /HVPRGXOHVGHFRPPDQGHGH
DSSDUHLOVVXSHUSRVpVGRLYHQWrWUH
SRVLWLRQQpVDXPLOLHX
‡%2 ‡%2
೉ $XFXQDSSDUHLOQHSHXWrWUH
LQVWDOOpDXGHVVXVG·XQ%6
೉ $XGHVVXVG·XQ')LQVWDOOHU
XQLTXHPHQWXQDSSDUHLODYHF
PRGXOHGHFRPPDQGHKDXW
/HVDSSDUHLOVLQVWDOOpVDXGHVVXV
GX')QpFHVVLWHQWXQHQLFKHGH &RPELQDLVRQVG
DSSDUHLOVHQFRORQQHODUJHXUFP
ODUJHXUFP/DODUJHXUGHOD ‡%6%6%0 ‡%0%6%6
QLFKHGXODYHYDLVVHOOHHVWGH ‡%2%2%2 ‡&0
FP3RVVLELOLWpG·KDELOOHUOH ‡'9:6
ODYHYDLVVHOOHDYHFO·DFFHVVRLUH
SRUWHYHUUHVXULQR[

&RPELQDLVRQG·DSSDUHLOVF{WHjF{WH
/RUVGHO·LPSODQWDWLRQHWGHODFRP
PDQGHYHLOOHUj

೉ /HVFKDUQLqUHVRSSRVpHVGHV
SRUWHVGHVDSSDUHLOVSHUPHWWHQW
XQHRXYHUWXUHWRWDOHGHVSRUWHVj
ƒ
೉ /HVFKDUQLqUHVGHODSRUWHQHVRQW
SDVUpYHUVLEOHV FKDUQLqUHVjGURLWH
FKDUQLqUHVjJDXFKH 
೉ 8QHVSDFHG·DXPLQLPXPPP
HVWQpFHVVDLUHHQWUHOHVSRUWHV
೉ /HVIRXUVFRPELYDSHXUIRXUV ‡%6%6%0 ‡%6%6%0 ‡%6%6%0 ‡%0%6%6
PLFURRQGHVFRPELQpVHWPDFKLQHV
‡%2%2%2 ‡%2%2%2 ‡%0 ‡&0
jFDIpLQVWDOOpVDXGHVVXVG·XQ
‡:6 ‡:6 ‡'9:6 ‡:6'9
WLURLU6RXV9LGHRXXQWLURLU
FKDXIIDQW KDXWHXUFP RQW
ODPrPHKDXWHXUTX·XQIRXUGH
ODUJHXUFP
೉ /HVPRGXOHVGHFRPPDQGHGHV
DSSDUHLOVLQVWDOOpVF{WHjF{WH
GRLYHQWrWUHDOLJQpVVRLWHQKDXW
VRLWHQEDV

%2)RXU
%6)RXUFRPELYDSHXU
%0)RXUPLFURRQGHVFRPELQp
&00DFKLQHjFDIpWRXWDXWRPDWLTXH
'9 7LURLU6RXV9LGH
:67LURLUFKDXIIDQW
')/DYHYDLVVHOOH
‡%2%2%2 ‡%6%6%0 ‡&0
‡') ‡') ‡')
)RXUV6pULH 

&RPELQDLVRQVG
DSSDUHLOVF{WHjF{WHODUJHXUFP

‡%2%2%2 ‡%2%2%2 ‡%2%2%2 ‡%6%6%0 ‡%2%2%2 ‡&0


‡'9:6 ‡:6'9

‡%6%6%0 ‡%0%6%6 ‡%6%6%0 ‡&0


‡:6'9 ‡:6'9 ‡'9:6 ‡:6'9

‡%2%2%2 ‡&0 ‡%6%6%0 ‡%0%6%6 ‡&0 ‡%6%6%0


 ‡:6'9 ‡'9:6 ‡:6'9 ‡'9:6 ‡:6'9

4XDOLWpVXSpULHXUHGDQVOHVPRLQGUHVGpWDLOV
/HVSRUWHVIURLGHVGHQRVIRXUV
VRQWGRWpHVG
XQTXDGUXSOH
YLWUDJHF·HVWSRXUQRXVXQ
pOpPHQWHVVHQWLHO(QHIIHW
QRXVFRQFHYRQVQRVDSSDUHLOV
GHWHOOHVRUWHTXHO·HVVHQWLHO
GHODFKDOHXUVHUpIOpFKLVVH
jO
LQWpULHXUGXIRXU$XVVLOD
WHPSpUDWXUHPD[LPDOHUHVVHQWLH
DXQLYHDXGHODSRUWHQH
GpSDVVHSDVƒ&PrPH
ORUVGHODS\URO\VHROD
WHPSpUDWXUHDWWHLQWƒ&
jO
LQWpULHXUGXIRXU3RXU
FHODOHFKRL[PLQXWLHX[GHV
PDWpULDX[HWOHSURFpGpGH
IDEULFDWLRQVRQWGpFLVLIV
9XHG·HQVHPEOHGHVFRPELQDLVRQVG·DSSDUHLOV6pULH

&RPELQDLVRQVG
DSSDUHLOVHQFRORQQHODUJHXUFP

&LFRQWUHOHVSULQFLSDOHV
FRPELQDLVRQVSHUPHWWDQWXQH
FRPELQDLVRQSDUIDLWHGHVIRXUVIRXUV
FRPELYDSHXUIRXUVPLFURRQGHV
FRPELQpVPDFKLQHVjFDIpWLURLUV
6RXV9LGHWLURLUVFKDXIIDQWV
HWODYHYDLVVHOOH

,QGLFDWLRQVJpQpUDOHV
೉ 7RXVOHVDSSDUHLOVSUpVHQWpVVRQW
GLVSRQLEOHVHQSRUWHSOHLQYHUUH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX

೉ (QFDVGHSOXVLHXUVDOWHUQDWLYHV
%6%0HW'9:6 ODSKRWR
FRUUHVSRQGjODqUHUpIpUHQFHFLWpH

&RPELQDLVRQG·DSSDUHLOV
HQFRORQQH
/RUVGHO·LPSODQWDWLRQHWGHOD ‡%6%0 ‡%0%6 ‡%6%0 ‡%0%6
FRPPDQGHYHLOOHUj ‡%2%2 ‡%2%2 ‡%0 ‡&0
‡:6 ‡:6 ‡'9:6 ‡:6'9
೉ /HVHQVG·RXYHUWXUHGHODSRUWH
GRLWrWUHLGHQWLTXH
೉ /HVFKDUQLqUHVGHODSRUWHQHVRQW
SDVUpYHUVLEOHV FKDUQLqUHVjGURLWH
FKDUQLqUHVjJDXFKH 
೉ /DODUJHXUGHVDSSDUHLOVGRLWrWUH
LGHQWLTXH
೉ /HVPRGXOHVGHFRPPDQGHGH
DSSDUHLOVVXSHUSRVpVGRLYHQWrWUH
SRVLWLRQQpVDXPLOLHX
೉ $XFXQDSSDUHLOQHSHXWrWUH
LQVWDOOpDXGHVVXVG·XQ%6
೉ $XGHVVXVG·XQ')LQVWDOOHU
XQLTXHPHQWXQDSSDUHLODYHF
PRGXOHGHFRPPDQGHKDXW
/HVDSSDUHLOVLQVWDOOpVDXGHVVXV
GX')QpFHVVLWHQWXQHQLFKHGH
ODUJHXUFP/DODUJHXUGHOD
‡%2%2 ‡%6%0 ‡&0
QLFKHGXODYHYDLVVHOOHHVWGH
‡') ‡') ‡')
FP

&RPELQDLVRQG·DSSDUHLOVF{WHjF{WH
/RUVGHO·LPSODQWDWLRQHWGHODFRP
PDQGHYHLOOHUj

೉ /HVFKDUQLqUHVRSSRVpHVGHV
SRUWHVGHVDSSDUHLOVSHUPHWWHQW
XQHRXYHUWXUHWRWDOHGHVSRUWHVj
ƒ
೉ /HVFKDUQLqUHVGHODSRUWHQHVRQW
SDVUpYHUVLEOHV FKDUQLqUHVjGURLWH
FKDUQLqUHVjJDXFKH 
೉ 8QHVSDFHG·DXPLQLPXPPP
HVWQpFHVVDLUHHQWUHOHVSRUWHV
೉ /HVIRXUVFRPELYDSHXUIRXUV
PLFURRQGHVFRPELQpVHWPDFKLQHV
jFDIpLQVWDOOpVDXGHVVXVG·XQ
WLURLU6RXV9LGHRXXQWLURLU
FKDXIIDQW KDXWHXUFP RQW
ODPrPHKDXWHXUTX·XQIRXUGH
ODUJHXUFP
೉ /HVPRGXOHVGHFRPPDQGHVGHV
DSSDUHLOVLQVWDOOpVF{WHjF{WH
GRLYHQWrWUHDOLJQpVVRLWHQKDXW
VRLWHQEDV

%2)RXU
%6)RXUFRPELYDSHXU
%0)RXUPLFURRQGHVFRPELQp
&00DFKLQHjFDIpWRXWDXWRPDWLTXH
'97LURLU6RXV9LGH
:67LURLUFKDXIIDQW
')/DYHYDLVVHOOH
)RXUV6pULH 

&RPELQDLVRQVG
DSSDUHLOVF{WHjF{WHODUJHXUFP

‡%2%2 ‡%2%2 ‡%2%2 ‡%6%0 ‡%2%2 ‡&0


‡'9:6 ‡:6'9

‡%6%0 ‡%0%6 ‡%6%0 ‡&0


‡'9:6 ‡:6'9 ‡'9:6 ‡:6'9

‡%2%2 ‡&0 ‡%6%0 ‡%0%6 ‡&0 ‡%6%0


‡:6'9 ‡'9:6 ‡:6'9 ‡:6'9 ‡'9:6

&RPELQDLVRQVG
DSSDUHLOVHQFDUUpDYHFWLURLUFKDXIIDQWODUJHXUFP

‡%6%0 ‡%0%6
‡%2%2 ‡&0
‡'9:6
&RQVHLOVG¶LQVWDOODWLRQSRXUO¶LQWpJUDWLRQGHVIRXUVHWFRPELQDLVRQVGHIRXUV6pULHHW6pULH

,QVWUXFWLRQVJpQpUDOHV Installation côte à côte


,QWpJUDWLRQGHUULqUHXQHSRUWHPHXEOH
,OIDXWDEVROXPHQWSURVFULUHOHIDLW
GHIHUPHUODSRUWHPHXEOHORUVGH
O·XWLOLVDWLRQGXIRXURXORUVGHODSKDVH
GHUHIURLGLVVHPHQWGHO·DSSDUHLO
IRQFWLRQQHPHQWGXYHQWLODWHXU

3RXUXQHFRPELQDLVRQGHIRXUVHW
G·DSSDUHLOVGHIURLG9DULR6pULHVH
UpIpUHUDX[FRQVHLOVG·LQVWDOODWLRQGDQV
ODUXEULTXH)URLG9DULR6pULHSRXU
pYLWHUXQHFROOLVLRQHQWUHODSRUWHGH
O·DSSDUHLOGHIURLGHWOHIRXU

,QWpJUDWLRQF{WHjF{WH
'DQVOHFDVG·XQHLQWpJUDWLRQ
G·DSSDUHLOVF{WHjF{WHLOIDXWDEVROX
PHQWUHVSHFWHUXQHGLVWDQFHPLQLPXP
GHPPHQWUHOHVDSSDUHLOV FHFL
HVWYDODEOHSRXUWRXVOHVDSSDUHLOVGH
F{WHVVWDQGDUGGHjPP 
/HVFKDUQLqUHVGHODSRUWHGRLYHQWVH
VLWXHUjO
H[WpULHXUSRXUSHUPHWWUHXQH
RXYHUWXUHPD[LPDOHGHODSRUWH RXGH
O
DQJOHG
RXYHUWXUHGHODSRUWH 

)HQWHVG·DpUDWLRQWUDQVYHUVDOHV /HVIRXUV*DJJHQDXGHOD6pULH
QpFHVVDLUHVHQKDXWHWHQEDV QpFHVVLWHQWXQHYHQWLODWLRQSDUDSSRUW
GHODSRUWH G·DLUIUDLVDXQLYHDXGHODSDUWLH
VXSpULHXUHHWVXUOHVF{WpVGHODSRUWH
GHO·DSSDUHLO
/·DLUFKDXGHVWpYDFXpDXQLYHDXGH
O·DUrWHLQIpULHXUHGHODSRUWHGXIRXU
/HVHQWUpHVG
DLUGHVIRXUVYDSHXUV
HWIRXUVFRPELQpVPLFURRQGHVVH
VLWXHQWVXUOHVF{WpVGHODSRUWHHWOHV
DpUDWLRQVSRXUpYDFXHUO·DLUFKDXGHWOH
VXUSOXVGHYDSHXUDXQLYHDXGHO·DUrWH
VXSpULHXUHGHODSRUWH
3RXUpYLWHUXQHVXUFKDXIIHGHV
DSSDUHLOVHWSHUPHWWUHOHUHIURLGLVVHPHQW
DSUqVXWLOLVDWLRQLOIDXWUHVSHFWHUOHV
GpFRXSHVWUDQVYHUVDOHVPLQLPDOHVDX
QLYHDXGHVDUrWHVGHVPHXEOHV
%2%;%6
%0&0:6'9
/DPHVXUHGXVFKpPDHVWYDODEOHSRXU
WRXVOHVDSSDUHLOV
&HSHQGDQWLOIDXWIDLUHDWWHQWLRQ

$XGHVVXVGHVDSSDUHLOV
%6
,OQHIDXWSDVLQVWDOOHUG
DSSDUHLO
pOHFWULTXHDXGHVVXVG
XQ%6,OHVW
pJDOHPHQWUHFRPPDQGpGHQHSDV
LQVWDOOHUGHSRLJQpHKRUL]RQWDOHVXU
ODSRUWHPHXEOHDXGHVVXVGX%6
'DQVOHFDVG·XQHpSDLVVHXUGHSRUWH
PHXEOHVXSpULHXUHjPPLOIDXW
SURWpJHUO·DUrWHGHODSRUWHFRQWUH
O·KXPLGLWpFDUODYDSHXUSHXWpYHQWX
HOOHPHQWV·LQILOWUHUGDQVOHFDLVVRQ
PHXEOH

6RXVOHVDSSDUHLOV
'9:6
3RXUOHWLURLUFKDXIIDQWLOIDXWYHLOOHU
jQHSDVGpSDVVHUXQHpSDLVVHXUGH
SRUWHPHXEOHVXSpULHXUHjPPSRXU
SHUPHWWUHXQHERQQHSULVHORUVGH
O
RXYHUWXUHGXWLURLU
)RXUV6pULH 

/DWpUDOHPHQW 'pJDJHPHQWDXQLYHDXGHODSRUWH
3RXUGHVpSDLVVHXUVGHSRUWHVGH
PHXEOHVSOXVLPSRUWDQWHVRXSRXUGHV
SDURLVODWpUDOHVHQVDLOOLHMXVTX·j
PPSDUUDSSRUWjO
DYDQWGHOD
QLFKHODGLVWDQFHPLQLPDOHGXF{Wp
GHVFKDUQLqUHVHVWVXIILVDQWHSRXU
O·DSSRUWG·DLUIUDLVHWO
RXYHUWXUHGH
SRUWHjƒ
8QHGLVWDQFHG·DXPLQLPXPPP
HVWQpFHVVDLUH
8QHSDURLODWpUDOHSHXWGpERUGHUVXUOH
F{WpGHODSRLJQpHVLOD
GLVWDQFHPLQLPDOHHVWUHVSHFWpH
)RXUGRXEOH6pULH &RQVHLOVG
LQVWDOODWLRQ
%; %;  &KDUQLqUHVQRQUpYHUVLEOHV
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
² $XWRQHWWR\DJHS\URO\VH ODYLWUHDYDQWGXIRXUPP
² PRGHVGHFXLVVRQDYHFVRQGH 7HQLUFRPSWHGXGpERUGHPHQWSRXU
WKHUPRPpWULTXHWRXUQHEURFKHHW O
RXYHUWXUHGHWLURLUVODWpUDX[
IRQFWLRQSLHUUHjSDLQHWjSL]]DV (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
² (FUDQ7)7VHQVLWLI SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
² 6RQGHWKHUPRPpWULTXHDYHF SRUWHGHƒPLQLPXP
HVWLPDWLRQGXWHPSVGHFXLVVRQ 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
² 5pJXODWLRQpOHFWURQLTXHGHOD GHPPOHFkEOHGHUDFFRUGHPHQW
WHPSpUDWXUHGHƒ&jƒ& GRLWrWUHRULHQWpYHUVOHEDVHWSDVVHU
² 9ROXPHXWLOH[OLWUHV SDUOHFRLQELVHDXWpjO
DUULqUHGURLWGH
² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ O
DSSDUHLO
/DSULVHGHUDFFRUGHPHQWGRLWrWUH
0RGHVGHFXLVVRQ SODFpHHQGHKRUVGHODQLFKH
&KDOHXUWRXUQDQWH G
HQFDVWUHPHQW
&KDOHXUWRXUQDQWH(FR 
9R€WH6ROH &RQVHLOVG
LQVWDOODWLRQSRXU
9R€WH6ROH O
LQWpJUDWLRQHQSDJHV
9R€WH
9R€WH6ROH 9DOHXUVGHUDFFRUGHPHQW
6ROH &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
&KDOHXUWRXUQDQWH6ROH XQHFODVVLILFDWLRQGH$j'
&KDOHXUWRXUQDQWH6ROH 3XLVVDQFHWRWDOHN:
*ULOJUDQGHVXUIDFH$LUYHQWLOp 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
0RGXOHGHFRPPDQGHFHQWUDO *ULOJUDQGHVXUIDFH
&KDUQLqUHVjGURLWH &RPSDFW*ULO
%;  ࡱ &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV
3RUWHSOHLQYHUUHVXU  ࡱ+7 &XLVVRQGDQVIDLWRXWHQIRQWH
LQR[ (WXYH
/DUJHXUFP 'pFRQJpODWLRQ
0DLQWLHQDXFKDXG
&KDUQLqUHVjJDXFKH
%;    ࡱ %DQGHDXGHFRPPDQGH
3RUWHSOHLQYHUUHVXU  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIVHW
LQR[ pFUDQ7)7VHQVLWLI
/DUJHXUFP $IILFKDJHWH[WHFODLU
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
/HSUL[FRPSUHQG 3RUWHjRXYHUWXUHODWpUDOHƒ
 VRQGHWKHUPRPpWULTXHDPRYLEOH
 W{OHVjSkWLVVHULH &DUDFWpULVWLTXHV
 WRXUQHEURFKH 6RQGHWKHUPRPpWULTXHSRLQWVGH
 JULOOHV PHVXUHDYHFDUUrWDXWRPDWLTXHHW
 OqFKHIULWHVDYHFJULOOH HVWLPDWLRQGXWHPSVGHFXLVVRQ
7RXUQHEURFKH IRXUGXEDV 
$FFHVVRLUHVHQRSWLRQ 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
%$    ࡱ 7KHUPRWHVW$IILFKDJHGHOD
5DLOWpOHVFRSLTXH  ࡱ+7 WHPSpUDWXUHUpHOOH
&DGUHVXSSRUWHQIRQWHS\URO\VDEOH 3UpFKDXIIDJHUDSLGH
HWV\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH )RQFWLRQVGXSURJUDPPDWHXUGXUpH
%$    ࡱ GHODFXLVVRQILQGHODFXLVVRQ
7{OHjSkWLVVHULH  ࡱ+7 PLQXWHULHFKURQRPqWUHPLQXWHULH
pPDLOOpH VSpFLDOHFXLVVRQORQJXHGXUpH
PPGHSURIRQG (FODLUDJHKDORJqQHYR€WH:
%$    ࡱ (FODLUDJHKDORJqQHODWpUDO:
*ULOOHFKURPpH  ࡱ+7 6XSSRUWVODWpUDX[pPDLOOpVS\URO\
6DQVRXYHUWXUHDYHFSLHGV VDEOHVDYHFQLYHDX[G
LQVHUWLRQ
%$    ࡱ
5pVLVWDQFHSRXU  ࡱ+7 6pFXULWp
SLHUUHjSDLQHWjSL]]DVHWIDLWRXW 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
HQIRQWH 6pFXULWpHQIDQWV
%$    ࡱ &RXSXUHGHVpFXULWp
3LHUUHjSDLQHWj  ࡱ+7 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
SL]]DV UHIURLGLVVHPHQWGHO
DSSDUHLO
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW 1HWWR\DJH
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH $XWRQHWWR\DJHSDUS\URO\VH
GHUDLOWpOHVFRSLTXH (PDLOEOHX*DJJHQDX
%6    ࡱ &DWDO\VHXUpOHFWULTXHGHIXPpHV
3HOOHjSL]]DVHWGH  ࡱ+7 SXULILDQWO
DLUUHMHWp
*1    ࡱ
)DLWRXW*DVWUR1RUP  ࡱ+7
HQIRQWHG
DOXPLQLXP
*1KDXWHXUPPDQWLDGKpUHQW

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

)RXU6pULH 6pFXULWp
%2 %2  3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
6pFXULWpHQIDQWV
² 3RUWHVDQVSRLJQpHRXYHUWXUH &RXSXUHGHVpFXULWp
DXWRPDWLTXH 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
² $XWRQHWWR\DJHS\URO\VH UHIURLGLVVHPHQWGHO
DSSDUHLO
² PRGHVGHFXLVVRQDYHFVRQGH
WKHUPRPpWULTXHWRXUQHEURFKHHW 1HWWR\DJH
IRQFWLRQSLHUUHjSDLQHWjSL]]DV $XWRQHWWR\DJHSDUS\URO\VH
² 3URJUDPPHVDXWRPDWLTXHV (PDLOEOHX*DJJHQDX
² 6RQGHWKHUPRPpWULTXHDYHF &DWDO\VHXUpOHFWULTXHGHIXPpHV
HVWLPDWLRQGXWHPSVGHFXLVVRQ SXULILDQWO
DLUUHMHWp
² (FUDQ7)7VHQVLWLI
² $SSDUHLOVDQVEDQGHDXGH &RQVHLOVG
LQVWDOODWLRQ
0RGXOHGHFRPPDQGHKDXW FRPPDQGHDYHFPRGXOHGH &KDUQLqUHVQRQUpYHUVLEOHV
&KDUQLqUHVjGURLWH FRPPDQGHVXUODSRUWHYLWUpH 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
%2    ࡱ ² 5pJXODWLRQpOHFWURQLTXHGHOD ODYLWUHDYDQWGXIRXUPP
3RUWHSOHLQYHUUHVXU  ࡱ+7 WHPSpUDWXUHGHƒ&jƒ& 7HQLUFRPSWHGXGpERUGHPHQW
LQR[ ² 9ROXPHXWLOHOLWUHV SRXUO
RXYHUWXUHGHVWLURLUVODWpUDX[
+RPH&RQQHFW ² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
/DUJHXUFP SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
0RGHVGHFXLVVRQ SRUWHGHƒPLQLPXP
&KDUQLqUHVjJDXFKH &KDOHXUWRXUQDQWH 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
%2    ࡱ &KDOHXUWRXUQDQWH(FR GHPPOHFkEOHGHUDFFRUGHPHQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 9R€WH6ROH GRLWrWUHRULHQWpYHUVOHEDVHWSDVVHU
LQR[ 9R€WH6ROH SDUOHFRLQELVHDXWpjO
DUULqUHGURLWGH
+RPH&RQQHFW 9R€WH O
DSSDUHLO
/DUJHXUFP 9R€WH6ROH /DSULVHGHUDFFRUGHPHQWGRLWrWUH
6ROH SODFpHHQGHKRUVGHODQLFKH
/HSUL[FRPSUHQG &KDOHXUWRXUQDQWH6ROH G
HQFDVWUHPHQW
 VRQGHWKHUPRPpWULTXHDPRYLEOH &KDOHXUWRXUQDQWH6ROH /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
 W{OHjSkWLVVHULH *ULOJUDQGHVXUIDFH$LUYHQWLOp GHO
DSSDUHLOHQKDXWjGURLWH
 WRXUQHEURFKH *ULOJUDQGHVXUIDFH 
 JULOOH &RPSDFW*ULO &RQVHLOVG
LQVWDOODWLRQSRXU
 OqFKHIULWHDYHFJULOOH &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV O
LQWpJUDWLRQHQSDJHV
&XLVVRQGDQVIDLWRXWHQIRQWH
$FFHVVRLUHVHQRSWLRQ (WXYH 9DOHXUVGHUDFFRUGHPHQW
%$    ࡱ 'pFRQJpODWLRQ &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
5DLOWpOHVFRSLTXH  ࡱ+7 0DLQWLHQDXFKDXG XQHFODVVLILFDWLRQGH$j'
&DGUHVXSSRUWHQIRQWHS\URO\VDEOH 3XLVVDQFHWRWDOHN:
HWV\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH %DQGHDXGHFRPPDQGH 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
%$    ࡱ 2XYHUWXUHDXWRPDWLTXHGHODSRUWH 3UpYRLUXQFkEOH/$1
7{OHjSkWLVVHULH  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIVHW
pPDLOOpH pFUDQ7)7VHQVLWLI
PPGHSURIRQG $IILFKDJHWH[WHFODLU
%$    ࡱ 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV
*ULOOHFKURPpH  ࡱ+7 LQFOXDQWODVRQGHWKHUPRPpWULTXH 
6DQVRXYHUWXUHDYHFSLHGV 3HUVRQQDOLVDWLRQGHVSURJUDPPHV
%$    ࡱ DXWRPDWLTXHV
5pVLVWDQFHSRXU  ࡱ+7 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
SLHUUHjSDLQHWjSL]]DVHWIDLWRXW 3RUWHjRXYHUWXUHODWpUDOHƒ
HQIRQWH
%$    ࡱ &DUDFWpULVWLTXHV
3LHUUHjSDLQHWj  ࡱ+7 6RQGHWKHUPRPpWULTXHSRLQWVGH
SL]]DV PHVXUHDYHFDUUrWDXWRPDWLTXHHW
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D HVWLPDWLRQGXWHPSVGHFXLVVRQ
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW 3URJUDPPHVDXWRPDWLTXHV
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH 7RXUQHEURFKH
GHUDLOWpOHVFRSLTXH 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
%6    ࡱ 7KHUPRWHVW$IILFKDJHGHOD
3HOOHjSL]]DVHWGH  ࡱ+7 WHPSpUDWXUHUpHOOH
*1    ࡱ 3UpFKDXIIDJHUDSLGH
)DLWRXW*DVWUR1RUP  ࡱ+7 )RQFWLRQVGXSURJUDPPDWHXUGXUpH
HQIRQWHG
DOXPLQLXP GHODFXLVVRQILQGHODFXLVVRQ
*1KDXWHXUPPDQWLDGKpUHQW PLQXWHULHFKURQRPqWUHPLQXWHULH
VSpFLDOHFXLVVRQORQJXHGXUpH
(FODLUDJHKDORJqQHYR€WH:
(FODLUDJHKDORJqQHODWpUDO[:
6XSSRUWVODWpUDX[pPDLOOpVS\URO\
VDEOHVDYHFQLYHDX[G
LQVHUWLRQ

,QWpJUDWLRQGDQVOHUpVHDX
GRPHVWLTXHSRXUVHUYLFHVGLJLWDX[
+RPH&RQQHFW YLDXQFkEOH/$1
UHFRPPDQGp RXXQHFRQQH[LRQ:L)L
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
KRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXU6pULH %6    ࡱ 6pFXULWp
%2 %2  3HOOHjSL]]DVHWGH  ࡱ+7 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
*1    ࡱ 6pFXULWpHQIDQWV
² 3RUWHVDQVSRLJQpHRXYHUWXUH )DLWRXW*DVWUR1RUP  ࡱ+7 &RXSXUHGHVpFXULWp
DXWRPDWLTXH HQIRQWHG
DOXPLQLXP 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
² $XWRQHWWR\DJHS\URO\VH *1KDXWHXUPPDQWLDGKpUHQW UHIURLGLVVHPHQWGHO
DSSDUHLO
² PRGHVGHFXLVVRQDYHFVRQGH
WKHUPRPpWULTXHWRXUQHEURFKHHW 1HWWR\DJH
IRQFWLRQSLHUUHjSDLQHWjSL]]DV $XWRQHWWR\DJHSDUS\URO\VH
² (FUDQ7)7VHQVLWLI (PDLOEOHX*DJJHQDX
² 3URJUDPPHVDXWRPDWLTXHV &DWDO\VHXUpOHFWULTXHGHIXPpHV
² 6RQGHWKHUPRPpWULTXHDYHF SXULILDQWO
DLUUHMHWp
HVWLPDWLRQGXWHPSVGHFXLVVRQ
² $SSDUHLOVDQVEDQGHDXGH &RQVHLOVG
LQVWDOODWLRQ
FRPPDQGHDYHFPRGXOHGH &KDUQLqUHVQRQUpYHUVLEOHV
0RGXOHGHFRPPDQGHKDXW FRPPDQGHVXUODSRUWHYLWUpH 'LVWDQFHHQWUHOHFRUSVGXPHXEOH
&KDUQLqUHVjGURLWH ² 5pJXODWLRQpOHFWURQLTXHGHOD HWODYLWUHDYDQWGXIRXUPP
%2    ࡱ WHPSpUDWXUHGHƒ&jƒ& 7HQLUFRPSWHGXGpERUGHPHQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 ² 9ROXPHXWLOHOLWUHV SRXUO
RXYHUWXUHGHVWLURLUVODWpUDX[
LQR[ ² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
+RPH&RQQHFW SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
/DUJHXUFP 0RGHVGHFXLVVRQ SRUWHGHƒPLQLPXP
%2    ࡱ &KDOHXUWRXUQDQWH 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
3RUWHSOHLQYHUUH  ࡱ+7 &KDOHXUWRXUQDQWH(FR GHPPOHFkEOHGHUDFFRUGHPHQW
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 9R€WH6ROH GRLWrWUHRULHQWpYHUVOHEDVHWSDVVHU
+RPH&RQQHFW 9R€WH6ROH SDUOHFRLQELVHDXWpjO
DUULqUHGURLWGH
/DUJHXUFP 9R€WH O
DSSDUHLO
9R€WH6ROH /DSULVHGHUDFFRUGHPHQWGRLWrWUH
&KDUQLqUHVjJDXFKH 6ROH SODFpHHQGHKRUVGHODQLFKH
%2    ࡱ &KDOHXUWRXUQDQWH6ROH G
HQFDVWUHPHQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 &KDOHXUWRXUQDQWH6ROH /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
LQR[ *ULOJUDQGHVXUIDFH$LUYHQWLOp GHO
DSSDUHLOHQKDXWjGURLWH
+RPH&RQQHFW *ULOJUDQGHVXUIDFH 
/DUJHXUFP &RPSDFW*ULO &RQVHLOVG
LQVWDOODWLRQSRXU
%2    ࡱ &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV O
LQWpJUDWLRQHQSDJHV
3RUWHSOHLQYHUUH  ࡱ+7 &XLVVRQGDQVIDLWRXWHQIRQWH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX (WXYH 9DOHXUVGHUDFFRUGHPHQW
+RPH&RQQHFW 'pFRQJpODWLRQ &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
/DUJHXUFP 0DLQWLHQDXFKDXG XQHFODVVLILFDWLRQGH$j'
3XLVVDQFHWRWDOHN:
/HSUL[FRPSUHQG %DQGHDXGHFRPPDQGH 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
 VRQGHWKHUPRPpWULTXHDPRYLEOH 2XYHUWXUHDXWRPDWLTXHGHODSRUWH 3UpYRLUXQFkEOH/$1
 W{OHVjSkWLVVHULH &RPPDQGHSDUERXWRQVURWDWLIVHW
 WRXUQHEURFKH pFUDQ7)7VHQVLWLI
 OqFKHIULWHHQYHUUH $IILFKDJHWH[WHFODLU
 JULOOH 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV
 OqFKHIULWHDYHFJULOOH LQFOXDQWODVRQGHWKHUPRPpWULTXH 
3HUVRQQDOLVDWLRQGHVSURJUDPPHV
$FFHVVRLUHVHQRSWLRQ DXWRPDWLTXHV
%$    ࡱ 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
5DLOWpOHVFRSLTXH  ࡱ+7 3RUWHjRXYHUWXUHODWpUDOHƒ
&DGUHVXSSRUWHQIRQWHS\URO\VDEOHHW
V\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH &DUDFWpULVWLTXHV
%$    ࡱ 6RQGHWKHUPRPpWULTXHSRLQWVGH
/qFKHIULWHpPDLOOpH  ࡱ+7 PHVXUHDYHFDUUrWDXWRPDWLTXHHW
3URIRQGHXUPP HVWLPDWLRQGXWHPSVGHFXLVVRQ
%$    ࡱ 3URJUDPPHVDXWRPDWLTXHV
7{OHjSkWLVVHULH  ࡱ+7 7RXUQHEURFKH
pPDLOOpH3URIRQGHXUPP 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
%$    ࡱ 7KHUPRWHVW$IILFKDJHGHOD
*ULOOH  ࡱ+7 WHPSpUDWXUHUpHOOH
6DQVRXYHUWXUHDYHFSLHGV 3UpFKDXIIDJHUDSLGH
%$  ࡱ )RQFWLRQVGXSURJUDPPDWHXUGXUpH
/qFKHIULWHHQYHUUH  ࡱ+7 GHODFXLVVRQILQGHODFXLVVRQ
3URIRQGHXUPP PLQXWHULHFKURQRPqWUHPLQXWHULH
%$    ࡱ VSpFLDOHFXLVVRQORQJXHGXUpH
5pVLVWDQFHSRXU  ࡱ+7 (FODLUDJHKDORJqQHYR€WH:
SLHUUHjSDLQHWjSL]]DVHWIDLWRXWHQ (FODLUDJHKDORJqQHODWpUDO[:
IRQWH 6XSSRUWVODWpUDX[pPDLOOpVS\URO\
%$    ࡱ VDEOHVDYHFQLYHDX[G
LQVHUWLRQ
3LHUUHjSDLQHWj  ࡱ+7 
SL]]DV ,QWpJUDWLRQGDQVOHUpVHDX
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D GRPHVWLTXHSRXUVHUYLFHVGLJLWDX[
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW +RPH&RQQHFW YLDXQFkEOH/$1
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH UHFRPPDQGp RXXQHFRQQH[LRQ:L)L
GHUDLOWpOHVFRSLTXH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
KRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

)RXU6pULH 6pFXULWp
%2 %2  3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
6pFXULWpHQIDQWV
² 3RUWHVDQVSRLJQpHRXYHUWXUH &RXSXUHGHVpFXULWp
DXWRPDWLTXH 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
² $XWRQHWWR\DJHS\URO\VH UHIURLGLVVHPHQWGHO
DSSDUHLO
² PRGHVGHFXLVVRQDYHFVRQGH
WKHUPRPpWULTXHHWIRQFWLRQSLHUUHj 1HWWR\DJH
SDLQHWjSL]]DV $XWRQHWWR\DJHSDUS\URO\VH
² (FUDQ7)7VHQVLWLI (PDLOEOHX*DJJHQDX
² 3URJUDPPHVDXWRPDWLTXHV &DWDO\VHXUpOHFWULTXHGHIXPpHV
² 6RQGHWKHUPRPpWULTXHDYHF SXULILDQWO
DLUUHMHWp
HVWLPDWLRQGXWHPSVGHFXLVVRQ
² $SSDUHLOVDQVEDQGHDXGH &RQVHLOVG
LQVWDOODWLRQ
FRPPDQGHDYHFPRGXOHGH &KDUQLqUHVQRQUpYHUVLEOHV
0RGXOHGHFRPPDQGHKDXW FRPPDQGHVXUODSRUWHYLWUpH 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
&KDUQLqUHVjGURLWH ² 5pJXODWLRQpOHFWURQLTXHGHOD ODYLWUHDYDQWGXIRXUPP
%2    ࡱ WHPSpUDWXUHGHƒ&jƒ& 7HQLUFRPSWHGXGpERUGHPHQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 ² 9ROXPHXWLOHOLWUHV SRXUO
RXYHUWXUHGHVWLURLUVODWpUDX[
LQR[ ² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
+RPH&RQQHFW SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
/DUJHXUFP 0RGHVGHFXLVVRQ SRUWHGHƒPLQLPXP
&KDOHXUWRXUQDQWH 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
&KDUQLqUHVjJDXFKH &KDOHXUWRXUQDQWH(FR GHPPOHFkEOHGHUDFFRUGHPHQW
%2    ࡱ 9R€WH6ROH GRLWrWUHRULHQWpYHUVOHEDVHWSDVVHU
3RUWHSOHLQYHUUHVXU  ࡱ+7 9R€WH SDUOHFRLQELVHDXWpjO
DUULqUHGURLWGH
LQR[ 6ROH O
DSSDUHLO
+RPH&RQQHFW &KDOHXUWRXUQDQWH6ROH /DSULVHGHUDFFRUGHPHQWGRLWrWUH
/DUJHXUFP *ULOJUDQGHVXUIDFH$LUYHQWLOp SODFpHHQGHKRUVGHODQLFKH
*ULOJUDQGHVXUIDFH G
HQFDVWUHPHQW
/HSUL[FRPSUHQG &RPSDFW*ULO /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
 VRQGHWKHUPRPpWULTXHDPRYLEOH &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV GHO
DSSDUHLOHQKDXWjGURLWH
 W{OHjSkWLVVHULH &XLVVRQGDQVIDLWRXWHQIRQWH 
 OqFKHIULWHHQYHUUH (WXYH &RQVHLOVG
LQVWDOODWLRQSRXU
 JULOOH 'pFRQJpODWLRQ O
LQWpJUDWLRQHQSDJHV

$FFHVVRLUHVHQRSWLRQ %DQGHDXGHFRPPDQGH 9DOHXUVGHUDFFRUGHPHQW


%$    ࡱ 2XYHUWXUHDXWRPDWLTXHGHODSRUWH &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
5DLOWpOHVFRSLTXH  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIVHW XQHFODVVLILFDWLRQGH$j'
&DGUHVXSSRUWHQIRQWHS\URO\VDEOHHW pFUDQ7)7VHQVLWLI 3XLVVDQFHWRWDOHN:
V\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH $IILFKDJHWH[WHFODLU 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
%$    ࡱ 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV 3UpYRLUXQFkEOH/$1
7{OHjSkWLVVHULH  ࡱ+7 LQFOXDQWODVRQGHWKHUPRPpWULTXH 
pPDLOOpH3URIRQGHXUPP 3HUVRQQDOLVDWLRQGHVSURJUDPPHV
%$    ࡱ DXWRPDWLTXHV
*ULOOH  ࡱ+7 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
6DQVRXYHUWXUHDYHFSLHGV 3RUWHjRXYHUWXUHODWpUDOHƒ
%$    ࡱ
/qFKHIULWHHQYHUUH  ࡱ+7 &DUDFWpULVWLTXHV
3URIRQGHXUPP 6RQGHWKHUPRPpWULTXHSRLQWVGH
%$    ࡱ PHVXUHDYHFDUUrWDXWRPDWLTXHHW
5pVLVWDQFHSRXU  ࡱ+7 HVWLPDWLRQGXWHPSVGHFXLVVRQ
SLHUUHjSDLQHWjSL]]DVHWIDLWRXWHQ 3URJUDPPHVDXWRPDWLTXHV
IRQWH 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
%$    ࡱ 7KHUPRWHVW$IILFKDJHGHOD
3LHUUHjSDLQHWj  ࡱ+7 WHPSpUDWXUHUpHOOH
SL]]DV 3UpFKDXIIDJHUDSLGH
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D )RQFWLRQVGXSURJUDPPDWHXUGXUpH
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW GHODFXLVVRQILQGHODFXLVVRQ
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH PLQXWHULHFKURQRPqWUHPLQXWHULH
GHUDLOWpOHVFRSLTXH VSpFLDOHFXLVVRQORQJXHGXUpH
%$    ࡱ (FODLUDJHKDORJqQHYR€WH:
/qFKHIULWHpPDLOOpH  ࡱ+7 (FODLUDJHKDORJqQHODWpUDO:
3URIRQGHXUPP 6XSSRUWVODWpUDX[pPDLOOpVS\URO\
%6    ࡱ VDEOHVDYHFQLYHDX[G
LQVHUWLRQ
3HOOHjSL]]DVHWGH  ࡱ+7
*1    ࡱ ,QWpJUDWLRQGDQVOHUpVHDXGRPHVWLTXH
)DLWRXW*DVWUR1RUP  ࡱ+7 SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW 
HQIRQWHG
DOXPLQLXP YLDXQFkEOH/$1 UHFRPPDQGp RXXQH
*1KDXWHXUPPDQWLDGKpUHQW FRQQH[LRQ:L)L/DGLVSRQLELOLWpGHOD
IRQFWLRQ+RPH&RQQHFWGpSHQGGHOD
IRQFWLRQQDOLWpGHVVHUYLFHV+RPH
&RQQHFWGDQVOHSD\VUHVSHFWLI/HV
VHUYLFHV+RPH&RQQHFWQHVRQWSDV
GLVSRQLEOHVGDQVWRXVOHVSD\V3OXV
G
LQIRUPDWLRQVVXUKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXU6pULH %6    ࡱ &RQVHLOVG
LQVWDOODWLRQ
%2 %2  3HOOHjSL]]DVHWGH  ࡱ+7 &KDUQLqUHVQRQUpYHUVLEOHV
*1    ࡱ 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
² 3RUWHVDQVSRLJQpHRXYHUWXUH )DLWRXW*DVWUR1RUP  ࡱ+7 ODYLWUHDYDQWGXIRXUPP
DXWRPDWLTXH HQIRQWHG
DOXPLQLXP 7HQLUFRPSWHGXGpERUGHPHQW
² $XWRQHWWR\DJHS\URO\VH *1KDXWHXUPPDQWLDGKpUHQW SRXUO
RXYHUWXUHGHVWLURLUVODWpUDX[
² PRGHVGHFXLVVRQDYHFIRQFWLRQ (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
SLHUUHjSDLQHWjSL]]DV SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
² (FUDQ7)7VHQVLWLI SRUWHGHƒPLQLPXP
² $SSDUHLOVDQVEDQGHDXGH 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
FRPPDQGHDYHFPRGXOHGH GHPPOHFkEOHGHUDFFRUGHPHQW
FRPPDQGHVXUODSRUWHYLWUpH GRLWrWUHRULHQWpYHUVOHEDVHWSDVVHU
² 5pJXODWLRQpOHFWURQLTXHGHOD SDUOHFRLQELVHDXWpjO
DUULqUHGURLWGH
WHPSpUDWXUHGHƒ&jƒ& O
DSSDUHLO
² 9ROXPHXWLOHOLWUHV /DSULVHGHUDFFRUGHPHQWGRLWrWUH
0RGXOHGHFRPPDQGHKDXW ² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ SODFpHHQGHKRUVGHODQLFKH
&KDUQLqUHVjGURLWH G
HQFDVWUHPHQW
%2    ࡱ 0RGHVGHFXLVVRQ /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
3RUWHSOHLQYHUUHVXU  ࡱ+7 &KDOHXUWRXUQDQWH GHO
DSSDUHLOHQKDXWjGURLWH
LQR[ &KDOHXUWRXUQDQWH(FR 
+RPH&RQQHFW 9R€WH6ROH &RQVHLOVG
LQVWDOODWLRQSRXU
/DUJHXUFP 9R€WH O
LQWpJUDWLRQHQSDJHV
%2    ࡱ 6ROH
3RUWHSOHLQYHUUH  ࡱ+7 &KDOHXUWRXUQDQWH6ROH 9DOHXUVGHUDFFRUGHPHQW
6pULJUDSKLH$QWKUDFLWH*DJJHQDX *ULOJUDQGHVXUIDFH$LUYHQWLOp &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
+RPH&RQQHFW *ULOJUDQGHVXUIDFH XQHFODVVLILFDWLRQGH$j'
/DUJHXUFP &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV 3XLVVDQFHWRWDOHN:
3UpYRLUXQFkEOHGHUDFFRUGHPHQW
&KDUQLqUHVjJDXFKH %DQGHDXGHFRPPDQGH 3UpYRLUXQFkEOH/$1
%2    ࡱ 2XYHUWXUHDXWRPDWLTXHGHODSRUWH
3RUWHSOHLQYHUUHVXU  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIVHW
LQR[ pFUDQ7)7VHQVLWLI
+RPH&RQQHFW $IILFKDJHWH[WHFODLU
/DUJHXUFP 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV
%2    ࡱ 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
3RUWHSOHLQYHUUH  ࡱ+7 3RUWHjRXYHUWXUHODWpUDOHƒ
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 
+RPH&RQQHFW &DUDFWpULVWLTXHV
/DUJHXUFP 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
7KHUPRWHVW$IILFKDJHGHOD
/HSUL[FRPSUHQG WHPSpUDWXUHUpHOOH
 W{OHjSkWLVVHULH 3UpFKDXIIDJHUDSLGH
 OqFKHIULWHHQYHUUH )RQFWLRQVGXSURJUDPPDWHXUGXUpH
 JULOOH GHODFXLVVRQILQGHODFXLVVRQ
PLQXWHULHFKURQRPqWUHPLQXWHULH
$FFHVVRLUHVHQRSWLRQ VSpFLDOHFXLVVRQORQJXHGXUpH
%$    ࡱ (FODLUDJHKDORJqQHYR€WH:
5DLOWpOHVFRSLTXH  ࡱ+7 6XSSRUWVODWpUDX[pPDLOOpVS\URO\
&DGUHVXSSRUWHQIRQWHS\URO\VDEOHHW VDEOHVDYHFQLYHDX[G
LQVHUWLRQ
V\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH 
%$    ࡱ ,QWpJUDWLRQGDQVOHUpVHDX
7{OHjSkWLVVHULH  ࡱ+7 GRPHVWLTXHSRXUVHUYLFHVGLJLWDX[
pPDLOOpH3URIRQGHXUPP +RPH&RQQHFW YLDXQFkEOH/$1
%$    ࡱ UHFRPPDQGp RXXQHFRQQH[LRQ:L)L
*ULOOH  ࡱ+7 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
6DQVRXYHUWXUHDYHFSLHGV &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
%$    ࡱ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
/qFKHIULWHHQYHUUH  ࡱ+7 SD\VUHVSHFWLI/HVVHUYLFHV+RPH
3URIRQGHXUPP &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
%$    ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
5pVLVWDQFHSRXU  ࡱ+7 KRPHFRQQHFWFRP
SLHUUHjSDLQHWjSL]]DVHWIDLWRXWHQ
IRQWH 6pFXULWp
%$    ࡱ 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
3LHUUHjSDLQHWj  ࡱ+7 6pFXULWpHQIDQWV
SL]]DV &RXSXUHGHVpFXULWp
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW UHIURLGLVVHPHQWGHO
DSSDUHLO
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH
GHUDLOWpOHVFRSLTXH 1HWWR\DJH
%$    ࡱ $XWRQHWWR\DJHSDUS\URO\VH
/qFKHIULWHpPDLOOpH  ࡱ+7 (PDLOEOHX*DJJHQDX
3URIRQGHXUPP &DWDO\VHXUpOHFWULTXHGHIXPpHV
SXULILDQWO
DLUUHMHWp




/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
)RXUFRPELYDSHXU6pULH *1    ࡱ (WDORQQDJHDXWRPDWLTXHGHOD
%6 %6  5pFLSLHQW*DVWUR  ࡱ+7 WHPSpUDWXUHGHYDSRULVDWLRQHQ
1RUPHQLQR[*1 IRQFWLRQGHO
DOWLWXGH
² 3RUWHVDQVSRLJQpHRXYHUWXUH 1RQSHUIRUpPPGHSURIRQGHXUO ,QGLFDWLRQGHVDWXUDWLRQGHOD
DXWRPDWLTXH *1    ࡱ FDUWRXFKHGHILOWUDJH VLUDFFRUGHPHQW
² 5DFFRUGHPHQWGLUHFWjO
DUULYpHHWj 5pFLSLHQW*DVWUR  ࡱ+7 DXV\VWqPHGHILOWUHDQWLFDOFDLUH
O
pYDFXDWLRQG
HDX 1RUPHQLQR[*1 *) 
² 6\VWqPHGHQHWWR\DJHWRXW 3HUIRUpPPGHSURIRQGHXUO (FODLUDJHODWpUDO[/('
DXWRPDWLTXH *1    ࡱ (QFHLQWHGHFXLVVRQHQLQR[
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU 5pFLSLHQW*DVWUR  ࡱ+7 QLYHDX[G
LQVHUWLRQ
0RGXOHGHFRPPDQGHEDV ² VRXUFHVG
pFODLUDJH/(' 1RUPHQLQR[*1
&KDUQLqUHVjGURLWH ² *pQpUDWLRQH[WHUQHGHODYDSHXU 3HUIRUpPPGHSURIRQGHXUO ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
%6    ࡱ ² &XLVVRQYDSHXUVDQVSUHVVLRQ *1    ࡱ SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW
3RUWHSOHLQYHUUHVXU  ࡱ+7 ² &KDOHXUWRXUQDQWHGHƒ&j )DLWRXW*DVWUR1RUP  ࡱ+7 YLDXQFkEOH/$1 UHFRPPDQGp RX
LQR[ ƒ&DYHFUpJODJHGHO
KXPLGLWp HQIRQWHG
DOXPLQLXP VDQVILOYLD:L)L
+RPH&RQQHFW GH *1KDXWHXUPPDQWLDGKpUHQW /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
/DUJHXUFP FRPELQDEOHDXFKRL[ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
² &XLVVRQ6RXVYLGHDYHFUpJODJH GHVVHUYLFHV+RPH&RQQHFWGDQVOH
&KDUQLqUHVjJDXFKH SUpFLVGHODWHPSpUDWXUHDXGHJUp SD\VUHVSHFWLI/HVVHUYLFHV+RPH
%6    ࡱ SUqV &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
3RUWHSOHLQYHUUHVXU  ࡱ+7 ² *ULOJUDQGHVXUIDFHSURWpJpSDU WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
LQR[ YHUUHYLWURFpUDPLTXHFRPELQDEOH ZZZKRPHFRQQHFWFRP
+RPH&RQQHFW DYHFO
DLUYHQWLOpMXVTX
jƒ&HWOD
/DUJHXUFP YDSHXU 6pFXULWp
² 3URJUDPPHVDXWRPDWLTXHV 6pFXULWpHQIDQWV
/HSUL[FRPSUHQG ² 6RQGHWKHUPRPpWULTXHDYHF &RXSXUHGHVpFXULWp
 UpFLSLHQWHQLQR[SHUIRUpO HVWLPDWLRQGXWHPSVGHFXLVVRQ 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
 UpFLSLHQWHQLQR[QRQSHUIRUpO ² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH UHIURLGLVVHPHQWGHO
DSSDUHLO
 JULOOH URWDWLIGDQVOHVGHX[VHQVSRXUXQH
 VRQGHWKHUPRPpWULTXHDPRYLEOH UpSDUWLWLRQLGpDOHGHODFKDOHXU 1HWWR\DJH
 WX\DXG
pYDFXDWLRQG
HDXP ² (FUDQ7)7VHQVLWLI 3URJUDPPHGHQHWWR\DJHWRXW
 WX\DXG
DUULYpHG
HDXP ² $SSDUHLOVDQVEDQGHDXGH DXWRPDWLTXH
FDUWRXFKHVGHQHWWR\DJH FRPPDQGHDYHFPRGXOHGH 3URJUDPPHGHGpWDUWUDJHSRXU
FRPPDQGHVXUODSRUWHYLWUpH OHJpQpUDWHXUGHYDSHXU
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ ² 5pJODJHpOHFWURQLTXHGHOD 3URJUDPPHGHVpFKDJH
*)    ࡱ WHPSpUDWXUHGHƒ&jƒ& 6pFKDJHDXWRPDWLTXHGHO
HQFHLQWH
6\VWqPHGHILOWUDJH  ࡱ+7 ² 9ROXPHXWLOHOLWUHV GHFXLVVRQjODILQGXSURFHVVXVGH
DQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W FXLVVRQ
*)    ࡱ 0RGHVGHFXLVVRQ )LOWUHWDPLVDPRYLEOH
&DUWRXFKHGHILOWUDJH  ࡱ+7 &KDOHXUWRXUQDQWHG
KXPLGLWp 0RGH'pPRSRXUSURJUDPPHGH
GHUHFKDQJH &KDOHXUWRXUQDQWHG
KXPLGLWp QHWWR\DJH
*=    ࡱ &KDOHXUWRXUQDQWHG
KXPLGLWp
5DOORQJH$TXD6WRS  ࡱ+7 &KDOHXUWRXUQDQWHG
KXPLGLWp &RQVHLOVG
LQVWDOODWLRQ
ORQJXHXUP &KDOHXUWRXUQDQWHG
KXPLGLWp &KDUQLqUHVQRQUpYHUVLEOHV
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ &XLVVRQEDVVHWHPSpUDWXUH $XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
G
HDX &XLVVRQ6RXV9LGH LQVWDOOpDXGHVVXVGXIRXUYDSHXU
*ULOSRVLWLRQ+XPLGLWp /HWX\DXG
pYDFXDWLRQG
HDXQHSHXW
$FFHVVRLUHVHQRSWLRQ *ULOSRVLWLRQ+XPLGLWp rWUHEUDQFKpDXGHVVXVGXSRLQWOH
%$  ࡱ *ULO$LUYHQWLOp SOXVEDVGHO
DSSDUHLOHWLOGRLWrWUH
5DLOWpOHVFRSLTXH  ࡱ+7 )HUPHQWDWLRQ SODFpPLQPPSOXVEDVTXHOD
WURLVQLYHDX[ 'pFRQJpODWLRQ VRUWLHG
pYDFXDWLRQGHO
DSSDUHLO
%$  ࡱ 5pJpQpUDWLRQ 7X\DXG
DUULYpHG
HDXSHXWrWUHUDOORQJp
5pFLSLHQWGHFXLVVRQ  ࡱ+7 XQHIRLV
HQLQR[QRQSHUIRUp %DQGHDXGHFRPPDQGH /RQJXHXUPD[LPDOHGXWX\DX
SURIRQGHXUPPO 2XYHUWXUHDXWRPDWLTXHGHODSRUWH G
pYDFXDWLRQP
%$  ࡱ &RPPDQGHSDUERXWRQVURWDWLIVHW /HURELQHWG
DUULYpHG
HDX  GRLW
5pFLSLHQWGHFXLVVRQ  ࡱ+7 pFUDQ7)7VHQVLWLI WRXMRXUVrWUHDFFHVVLEOHLOQHSHXWSDV
HQLQR[SHUIRUp $IILFKDJHWH[WHFODLU rWUHSODFpGHUULqUHO
DSSDUHLO
SURIRQGHXUPPO 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV /HWX\DXG
pYDFXDWLRQG
HDXUHOLpDX
%$  ࡱ LQFOXDQWODVRQGHWKHUPRPpWULTXH  VLSKRQ  GRLWWRXMRXUVrWUHDFFHVVLEOH
5pFLSLHQWGHFXLVVRQ  ࡱ+7 3HUVRQQDOLVDWLRQGHVSURJUDPPHV HWQHSDVrWUHSODFpGHUULqUHO
DSSDUHLO
DQWLDGKpUHQWQRQSHUIRUp DXWRPDWLTXHV 3UpYRLUO
LQVWDOODWLRQGXV\VWqPHGH
SURIRQGHXUPPO 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ ILOWUDJHDQWLFDOFDLUH*)  j
%$  ࡱ 3RUWHjRXYHUWXUHODWpUDOHƒ O
DUULYpHG
HDXGHO
DSSDUHLOVLODGXUHWp
5pFLSLHQWGHFXLVVRQ  ࡱ+7 GHO
HDXH[FqGHƒI+
DQWLDGKpUHQWSHUIRUp &DUDFWpULVWLTXHV /DGLVWDQFHHQWUHOHFRUSVGXPHXEOH
SURIRQGHXUPPO *ULOJUDQGHVXUIDFHN:GHUULqUH HWODIDoDGHHVWGHPP
%$    ࡱ YHUUHYLWURFpUDPLTXH 7HQLUFRPSWHGXGpERUGVL
/qFKHIULWHHQYHUUH  ࡱ+7 (OLPLQDWLRQGHODYDSHXU O
LPSODQWDWLRQSUpYRLWO
RXYHUWXUHGH
3URIRQGHXUPP 9DSRULVDWLRQG
KXPLGLWp WLURLUVSODFpVjF{WpGHO
DSSDUHLO
&/6  ࡱ 6RQGHWKHUPRPpWULTXHSRLQWVGH (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
&DUWRXFKHVGH  ࡱ+7 PHVXUHDYHFDUUrWDXWRPDWLTXHHW SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
QHWWR\DJH HVWLPDWLRQGXWHPSVGHFXLVVRQ SRUWHGHƒPLQLPXP
6HWGH 3URJUDPPHVDXWRPDWLTXHV /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
*1  ࡱ 7KHUPRWHVW$IILFKDJHGHOD ODQLFKH
$GDSWDWHXUSRXU  ࡱ+7 WHPSpUDWXUHUpHOOH 
UpFLSLHQWVGHFXLVVRQHWIDLWRXW )RQFWLRQVGXSURJUDPPDWHXUGXUpH $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
*DVWUR1RUP GHODFXLVVRQILQGHODFXLVVRQ HQWDQWTXHSLqFHVGpWDFKpHV 
*1  ࡱ PLQXWHULHFKURQRPqWUHPLQXWHULH (71U7DEOHWWHVGHGpWDUWUDJH
5pFLSLHQW*DVWUR1RUP  ࡱ+7 VSpFLDOHFXLVVRQORQJXHGXUpH
HQLQR[*1 &RQVHLOVG
LQVWDOODWLRQSRXU
1RQSHUIRUpPPGHSURIRQGHXU O
LQWpJUDWLRQHQSDJHV
O
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

9DOHXUVGHUDFFRUGHPHQW
&ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j'
3XLVVDQFHWRWDOHN:
5DFFRUGHPHQWXQLTXHPHQWjO
HDX
IURLGH
7X\DXG
DUULYpHG
HDXPDYHF
UDFFRUG PP SHXWrWUH
UDOORQJp
7X\DXG
pYDFXDWLRQG
HDX ‘PP
P WX\DX+7 
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH
3UpYRLUXQFkEOH/$1
)RXUFRPELYDSHXU6pULH /HSUL[FRPSUHQG (WDORQQDJHDXWRPDWLTXHGHOD
%6%6%6%6  UpFLSLHQWHQLQR[SHUIRUpO WHPSpUDWXUHGHYDSRULVDWLRQHQ
 UpFLSLHQWHQLQR[QRQSHUIRUpO IRQFWLRQGHO
DOWLWXGH
² 3RUWHVDQVSRLJQpHRXYHUWXUH  JULOOH ,QGLFDWLRQGHVDWXUDWLRQGHOD
DXWRPDWLTXH  VRQGHWKHUPRPpWULTXHDPRYLEOH FDUWRXFKHGHILOWUDJH VLUDFFRUGHPHQW
² 5DFFRUGHPHQWGLUHFWjO
DUULYpHHWj  WX\DXG
pYDFXDWLRQG
HDXP DXV\VWqPHGHILOWUHDQWLFDOFDLUH
O
pYDFXDWLRQG
HDX  WX\DXG
DUULYpHG
HDXP *) 
² 6\VWqPHGHQHWWR\DJHWRXW FDUWRXFKHVGHQHWWR\DJH (FODLUDJHODWpUDO[/('
DXWRPDWLTXH  (QFHLQWHGHFXLVVRQHQLQR[
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU $FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ QLYHDX[G
LQVHUWLRQ
² VRXUFHVG
pFODLUDJH/(' *)    ࡱ 
² *pQpUDWLRQH[WHUQHGHODYDSHXU 6\VWqPHGHILOWUDJH  ࡱ+7 ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
² &XLVVRQYDSHXUVDQVSUHVVLRQ DQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW
0RGXOHGHFRPPDQGHKDXW ² &KDOHXUWRXUQDQWHGHƒ&j *)    ࡱ YLDXQFkEOH/$1 UHFRPPDQGp RX
&KDUQLqUHVjGURLWH ƒ&DYHFUpJODJHGHO
KXPLGLWp &DUWRXFKHGHILOWUDJH  ࡱ+7 VDQVILOYLD:L)L
%6  ࡱ GH GHUHFKDQJH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
3RUWHSOHLQYHUUHVXU  ࡱ+7 FRPELQDEOHDXFKRL[ *=    ࡱ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
LQR[ ² &XLVVRQ6RXVYLGHDYHFUpJODJH 5DOORQJH$TXD6WRS  ࡱ+7 GHVVHUYLFHV+RPH&RQQHFWGDQVOH
+RPH&RQQHFW SUpFLVGHODWHPSpUDWXUHDXGHJUp ORQJXHXUP SD\VUHVSHFWLI/HVVHUYLFHV+RPH
/DUJHXUFP SUqV 5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
%6  ࡱ ² *ULOJUDQGHVXUIDFHSURWpJpSDU G
HDX WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
3RUWHSOHLQYHUUH  ࡱ+7 YHUUHYLWURFpUDPLTXHFRPELQDEOH  ZZZKRPHFRQQHFWFRP
6pULJUDSKLH$QWKUDFLWH*DJJHQDX DYHFO
DLUYHQWLOpMXVTX
jƒ&HWOD $FFHVVRLUHVHQRSWLRQ
+RPH&RQQHFW YDSHXU %$  ࡱ 6pFXULWp
/DUJHXUFP ² 3URJUDPPHVDXWRPDWLTXHV 5DLOWpOHVFRSLTXH  ࡱ+7 6pFXULWpHQIDQWV
² 6RQGHWKHUPRPpWULTXHDYHF WURLVQLYHDX[ &RXSXUHGHVpFXULWp
&KDUQLqUHVjJDXFKH HVWLPDWLRQGXWHPSVGHFXLVVRQ %$  ࡱ 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
%6    ࡱ ² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH 5pFLSLHQWGHFXLVVRQ  ࡱ+7 UHIURLGLVVHPHQWGHO
DSSDUHLO
3RUWHSOHLQYHUUHVXU  ࡱ+7 URWDWLIGDQVOHVGHX[VHQVSRXUXQH HQLQR[QRQSHUIRUp
LQR[ UpSDUWLWLRQLGpDOHGHODFKDOHXU SURIRQGHXUPPO 1HWWR\DJH
+RPH&RQQHFW ² (FUDQ7)7VHQVLWLI %$  ࡱ 3URJUDPPHGHQHWWR\DJHWRXW
/DUJHXUFP ² $SSDUHLOVDQVEDQGHDXGH 5pFLSLHQWGHFXLVVRQ  ࡱ+7 DXWRPDWLTXH
%6    ࡱ FRPPDQGHDYHFPRGXOHGH HQLQR[SHUIRUp 3URJUDPPHGHGpWDUWUDJHSRXUOH
3RUWHSOHLQYHUUH  ࡱ+7 FRPPDQGHVXUODSRUWHYLWUpH SURIRQGHXUPPO JpQpUDWHXUGHYDSHXU
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ² 5pJODJHpOHFWURQLTXHGHOD %$  ࡱ 3URJUDPPHGHVpFKDJH
+RPH&RQQHFW WHPSpUDWXUHGHƒ&jƒ& 5pFLSLHQWGHFXLVVRQ  ࡱ+7 6pFKDJHDXWRPDWLTXHGHO
HQFHLQWH
/DUJHXUFP ² 9ROXPHXWLOHOLWUHV DQWLDGKpUHQWQRQSHUIRUp GHFXLVVRQjODILQGXSURFHVVXVGH
SURIRQGHXUPPO FXLVVRQ
 0RGHVGHFXLVVRQ %$  ࡱ )LOWUHWDPLVDPRYLEOH
 &KDOHXUWRXUQDQWHG
KXPLGLWp 5pFLSLHQWGHFXLVVRQ  ࡱ+7 0RGH'pPRSRXUSURJUDPPHGH
 &KDOHXUWRXUQDQWHG
KXPLGLWp DQWLDGKpUHQWSHUIRUp QHWWR\DJH
 &KDOHXUWRXUQDQWHG
KXPLGLWp SURIRQGHXUPPO
 &KDOHXUWRXUQDQWHG
KXPLGLWp %$    ࡱ &RQVHLOVG
LQVWDOODWLRQ
 &KDOHXUWRXUQDQWHG
KXPLGLWp /qFKHIULWHHQYHUUH  ࡱ+7 &KDUQLqUHVQRQUpYHUVLEOHV
 &XLVVRQEDVVHWHPSpUDWXUH 3URIRQGHXUPP $XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
 &XLVVRQ6RXV9LGH &/6  ࡱ LQVWDOOpDXGHVVXVGXIRXUYDSHXU
 *ULOSRVLWLRQ+XPLGLWp &DUWRXFKHVGH  ࡱ+7 /HWX\DXG
pYDFXDWLRQG
HDXQHSHXW
 *ULOSRVLWLRQ+XPLGLWp QHWWR\DJH rWUHEUDQFKpDXGHVVXVGXSRLQWOH
 *ULO$LUYHQWLOp 6HWGH SOXVEDVGHO
DSSDUHLOHWLOGRLWrWUH
 )HUPHQWDWLRQ *1  ࡱ SODFpPLQPPSOXVEDVTXHOD
 'pFRQJpODWLRQ $GDSWDWHXUSRXU  ࡱ+7 VRUWLHG
pYDFXDWLRQGHO
DSSDUHLO
 5pJpQpUDWLRQ UpFLSLHQWVGHFXLVVRQHWIDLWRXW 7X\DXG
DUULYpHG
HDXSHXWrWUHUDOORQJp
0RGXOHGHFRPPDQGHEDV *DVWUR1RUP XQHIRLV
&KDUQLqUHVjGURLWH %DQGHDXGHFRPPDQGH *1  ࡱ /RQJXHXUPD[LPDOHGXWX\DX
%6  ࡱ 2XYHUWXUHDXWRPDWLTXHGHODSRUWH 5pFLSLHQW*DVWUR1RUP  ࡱ+7 G
pYDFXDWLRQP
3RUWHSOHLQYHUUHVXU  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIVHW HQLQR[*1 /HURELQHWG
DUULYpHG
HDX  GRLW
LQR[ pFUDQ7)7VHQVLWLI 1RQSHUIRUpSURIRQGHXUPPO WRXMRXUVrWUHDFFHVVLEOHLOQHSHXWSDV
+RPH&RQQHFW $IILFKDJHWH[WHFODLU *1    ࡱ rWUHSODFpGHUULqUHO
DSSDUHLO
/DUJHXUFP 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV 5pFLSLHQW*DVWUR  ࡱ+7 /HWX\DXG
pYDFXDWLRQG
HDXUHOLpDX
%6  ࡱ LQFOXDQWODVRQGHWKHUPRPpWULTXH  1RUPHQLQR[*1 VLSKRQ  GRLWWRXMRXUVrWUHDFFHVVLEOH
3RUWHSOHLQYHUUH  ࡱ+7 3HUVRQQDOLVDWLRQGHVSURJUDPPHV 1RQSHUIRUpSURIRQGHXUPPO HWQHSDVrWUHSODFpGHUULqUHO
DSSDUHLO
6pULJUDSKLH$QWKUDFLWH*DJJHQDX DXWRPDWLTXHV *1    ࡱ 3UpYRLUO
LQVWDOODWLRQGXV\VWqPHGH
+RPH&RQQHFW 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ 5pFLSLHQW*DVWUR  ࡱ+7 ILOWUDJHDQWLFDOFDLUH*)  j
/DUJHXUFP 3RUWHjRXYHUWXUHODWpUDOHƒ 1RUPHQLQR[*1 O
DUULYpHG
HDXGHO
DSSDUHLOVLODGXUHWp
3HUIRUpSURIRQGHXUPPO GHO
HDXH[FqGHƒI+
&KDUQLqUHVjJDXFKH &DUDFWpULVWLTXHV *1    ࡱ /DGLVWDQFHHQWUHOHFRUSVGXPHXEOH
%6  ࡱ *ULOJUDQGHVXUIDFHN:GHUULqUH 5pFLSLHQW*DVWUR  ࡱ+7 HWODIDoDGHHVWGHPP
3RUWHSOHLQYHUUHVXU  ࡱ+7 YHUUHYLWURFpUDPLTXH 1RUPHQLQR[*1 7HQLUFRPSWHGXGpERUGVL
LQR[ (OLPLQDWLRQGHODYDSHXU 3HUIRUpSURIRQGHXUPPO O
LPSODQWDWLRQSUpYRLWO
RXYHUWXUHGH
+RPH&RQQHFW 9DSRULVDWLRQG
KXPLGLWp *1    ࡱ WLURLUVSODFpVjF{WpGHO
DSSDUHLO
/DUJHXUFP 6RQGHWKHUPRPpWULTXHSRLQWVGH )DLWRXW*DVWUR1RUP  ࡱ+7 (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
%6  ࡱ PHVXUHDYHFDUUrWDXWRPDWLTXHHW HQIRQWHG
DOXPLQLXP SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
3RUWHSOHLQYHUUH  ࡱ+7 HVWLPDWLRQGXWHPSVGHFXLVVRQ *1KDXWHXUPPDQWLDGKpUHQW SRUWHGHƒPLQLPXP
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 3URJUDPPHVDXWRPDWLTXHV /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
+RPH&RQQHFW 7KHUPRWHVW$IILFKDJHGHOD ODQLFKH
/DUJHXUFP WHPSpUDWXUHUpHOOH
)RQFWLRQVGXSURJUDPPDWHXUGXUpH $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
GHODFXLVVRQILQGHODFXLVVRQ HQWDQWTXHSLqFHVGpWDFKpHV 
PLQXWHULHFKURQRPqWUHPLQXWHULH (71U7DEOHWWHVGHGpWDUWUDJH
VSpFLDOHFXLVVRQORQJXHGXUpH
&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQHQSDJHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

9DOHXUVGHUDFFRUGHPHQW
&ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j'
3XLVVDQFHWRWDOHN:
5DFFRUGHPHQWXQLTXHPHQWjO
HDX
IURLGH
7X\DXG
DUULYpHG
HDXPDYHF
UDFFRUG PP SHXWrWUH
UDOORQJp
7X\DXG
pYDFXDWLRQG
HDX ‘PP
P WX\DX+7 
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH
3UpYRLUXQFkEOH/$1


)RXUFRPELYDSHXU6pULH /HSUL[FRPSUHQG PLQXWHULHFKURQRPqWUHPLQXWHULH
%6 %6 %6 %6   UpFLSLHQWHQLQR[SHUIRUpO VSpFLDOHFXLVVRQORQJXHGXUpH
 UpFLSLHQWHQLQR[QRQSHUIRUpO (WDORQQDJHDXWRPDWLTXHGHOD
² 3RUWHVDQVSRLJQpHRXYHUWXUH  JULOOH WHPSpUDWXUHGHYDSRULVDWLRQHQ
DXWRPDWLTXH  VRQGHWKHUPRPpWULTXHDPRYLEOH IRQFWLRQGHO
DOWLWXGH
² 5pVHUYRLUSRXUHDXIUDvFKHHWHDX FDUWRXFKHVGHQHWWR\DJH (FODLUDJHODWpUDO[/('
XVpH  (QFHLQWHGHFXLVVRQHQLQR[
² 6\VWqPHGHQHWWR\DJHWRXW $FFHVVRLUHVHQRSWLRQ QLYHDX[G
LQVHUWLRQ
DXWRPDWLTXH %$  ࡱ
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU 5DLOWpOHVFRSLTXH  ࡱ+7 ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
² VRXUFHVG
pFODLUDJH/(' WURLVQLYHDX[ SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW
² *pQpUDWLRQH[WHUQHGHODYDSHXU %$  ࡱ YLDXQFkEOH/$1 UHFRPPDQGp RX
² &XLVVRQYDSHXUVDQVSUHVVLRQ 5pFLSLHQWGHFXLVVRQ  ࡱ+7 VDQVILOYLD:L)L
0RGXOHGHFRPPDQGHKDXW ² &KDOHXUWRXUQDQWHGHƒ&j HQLQR[QRQSHUIRUp /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&KDUQLqUHVjGURLWH ƒ&DYHFUpJODJHGHO
KXPLGLWp SURIRQGHXUPPO &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
%6    ࡱ GH %$  ࡱ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
3RUWHSOHLQYHUUHVXU  ࡱ+7 FRPELQDEOHDXFKRL[ 5pFLSLHQWGHFXLVVRQ  ࡱ+7 SD\VUHVSHFWLI/HVVHUYLFHV+RPH
LQR[ ² &XLVVRQ6RXVYLGHDYHFUpJODJH HQLQR[SHUIRUp &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
+RPH&RQQHFW SUpFLVGHODWHPSpUDWXUHDXGHJUp SURIRQGHXUPPO WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
/DUJHXUFP SUqV %$  ࡱ ZZZKRPHFRQQHFWFRP
%6    ࡱ ² *ULOJUDQGHVXUIDFHSURWpJpSDU 5pFLSLHQWGHFXLVVRQ  ࡱ+7
3RUWHSOHLQYHUUH  ࡱ+7 YHUUHYLWURFpUDPLTXHFRPELQDEOH DQWLDGKpUHQWQRQSHUIRUp 6pFXULWp
6pULJUDSKLH$QWKUDFLWH*DJJHQDX DYHFO
DLUYHQWLOpMXVTX
jƒ&HW SURIRQGHXUPPO 6pFXULWpHQIDQWV
+RPH&RQQHFW ODYDSHXU %$  ࡱ &RXSXUHGHVpFXULWp
/DUJHXUFP ² 3URJUDPPHVDXWRPDWLTXHV 5pFLSLHQWGHFXLVVRQ  ࡱ+7 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
² 6RQGHWKHUPRPpWULTXHDYHF DQWLDGKpUHQWSHUIRUp UHIURLGLVVHPHQWGHO
DSSDUHLO
&KDUQLqUHVjJDXFKH HVWLPDWLRQGXWHPSVGHFXLVVRQ SURIRQGHXUPPO
%6    ࡱ ² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH %$    ࡱ 1HWWR\DJH
3RUWHSOHLQYHUUHVXU  ࡱ+7 URWDWLIGDQVOHVGHX[VHQVSRXUXQH /qFKHIULWHHQYHUUH  ࡱ+7 3URJUDPPHGHQHWWR\DJHWRXW
LQR[ UpSDUWLWLRQLGpDOHGHODFKDOHXU 3URIRQGHXUPP DXWRPDWLTXH
+RPH&RQQHFW ² (FUDQ7)7VHQVLWLI &/6  ࡱ 3URJUDPPHGHGpWDUWUDJHSRXUOH
/DUJHXUFP ² $SSDUHLOVDQVEDQGHDXGH &DUWRXFKHVGH  ࡱ+7 JpQpUDWHXUGHYDSHXU
%6    ࡱ FRPPDQGHDYHFPRGXOHGH QHWWR\DJH 3URJUDPPHGHVpFKDJH
3RUWHSOHLQYHUUH  ࡱ+7 FRPPDQGHVXUODSRUWHYLWUpH 6HWGH 6pFKDJHDXWRPDWLTXHGHO
HQFHLQWH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ² 5pJODJHpOHFWURQLTXHGHOD *1  ࡱ GHFXLVVRQjODILQGXSURFHVVXVGH
+RPH&RQQHFW WHPSpUDWXUHGHƒ&jƒ& $GDSWDWHXUSRXU  ࡱ+7 FXLVVRQ
/DUJHXUFP ² 9ROXPHXWLOHOLWUHV UpFLSLHQWVGHFXLVVRQHWIDLWRXW )LOWUHWDPLVDPRYLEOH
*DVWUR1RUP 5pVHUYRLUG
HDXODYDEOHDXODYH
0RGHVGHFXLVVRQ *1  ࡱ YDLVVHOOH
&KDOHXUWRXUQDQWHG
KXPLGLWp 5pFLSLHQW*DVWUR1RUP  ࡱ+7 0RGH'pPRSRXUSURJUDPPHGH
&KDOHXUWRXUQDQWHG
KXPLGLWp HQLQR[*1 QHWWR\DJH
&KDOHXUWRXUQDQWHG
KXPLGLWp 1RQSHUIRUpSURIRQGHXUPPO
&KDOHXUWRXUQDQWHG
KXPLGLWp *1    ࡱ &RQVHLOVG
LQVWDOODWLRQ
&KDOHXUWRXUQDQWHG
KXPLGLWp 5pFLSLHQW*DVWUR  ࡱ+7 &KDUQLqUHVQRQUpYHUVLEOHV
&XLVVRQEDVVHWHPSpUDWXUH 1RUPHQLQR[*1 $XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
&XLVVRQ6RXV9LGH 1RQSHUIRUpSURIRQGHXUPPO LQVWDOOpDXGHVVXVGXIRXUYDSHXU
*ULOSRVLWLRQ+XPLGLWp *1    ࡱ /DGLVWDQFHHQWUHOHFRUSVGXPHXEOH
*ULOSRVLWLRQ+XPLGLWp 5pFLSLHQW*DVWUR  ࡱ+7 HWODIDoDGHHVWGHPP
*ULO$LUYHQWLOp 1RUPHQLQR[*1 7HQLUFRPSWHGXGpERUGVL
)HUPHQWDWLRQ 3HUIRUpSURIRQGHXUPPO O
LPSODQWDWLRQSUpYRLWO
RXYHUWXUHGH
'pFRQJpODWLRQ *1    ࡱ WLURLUVSODFpVjF{WpGHO
DSSDUHLO
 5pJpQpUDWLRQ 5pFLSLHQW*DVWUR  ࡱ+7 (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
0RGXOHGHFRPPDQGHEDV 1RUPHQLQR[*1 SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
&KDUQLqUHVjGURLWH %DQGHDXGHFRPPDQGH 3HUIRUpSURIRQGHXUPPO SRUWHGHƒPLQLPXP
%6    ࡱ 2XYHUWXUHDXWRPDWLTXHGHODSRUWH *1    ࡱ /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
3RUWHSOHLQYHUUHVXU  ࡱ+7 &RPPDQGHSDUERXWRQVURWDWLIVHW )DLWRXW*DVWUR1RUP  ࡱ+7 ODQLFKH
LQR[ pFUDQ7)7VHQVLWLI HQIRQWHG
DOXPLQLXP /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
+RPH&RQQHFW $IILFKDJHWH[WHFODLU *1KDXWHXUPPDQWLDGKpUHQW GHO
DSSDUHLOHQEDVjJDXFKH
/DUJHXUFP 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV 
%6    ࡱ LQFOXDQWODVRQGHWKHUPRPpWULTXH  $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
3RUWHSOHLQYHUUH  ࡱ+7 3HUVRQQDOLVDWLRQGHVSURJUDPPHV HQWDQWTXHSLqFHVGpWDFKpHV 
6pULJUDSKLH$QWKUDFLWH*DJJHQDX DXWRPDWLTXHV (71U7DEOHWWHVGHGpWDUWUDJH
+RPH&RQQHFW 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ 
/DUJHXUFP 3RUWHjRXYHUWXUHODWpUDOHƒ &RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQHQSDJHV
&KDUQLqUHVjJDXFKH &DUDFWpULVWLTXHV
%6    ࡱ *ULOJUDQGHVXUIDFHN:GHUULqUH 9DOHXUVGHUDFFRUGHPHQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 YHUUHYLWURFpUDPLTXH &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
LQR[ UpVHUYRLUVG
HDXH[WUDFWLEOHVGH XQHpFKHOOHGH$j'
+RPH&RQQHFW OLWUHV 3XLVVDQFHWRWDOHN:
/DUJHXUFP 9DSRULVDWLRQG
KXPLGLWp &kEOHGHUDFFRUGHPHQWPDYHF
%6    ࡱ $YHUWLVVHPHQWORUVTXHOHQLYHDXG
HDX SULVH
3RUWHSOHLQYHUUH  ࡱ+7 HVWEDV 3UpYRLUXQFkEOH/$1
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 6RQGHWKHUPRPpWULTXHSRLQWVGH
+RPH&RQQHFW PHVXUHDYHFDUUrWDXWRPDWLTXHHW
/DUJHXUFP HVWLPDWLRQGXWHPSVGHFXLVVRQ
3URJUDPPHVDXWRPDWLTXHV
 7KHUPRWHVW$IILFKDJHGHOD
 WHPSpUDWXUHUpHOOH
 )RQFWLRQVGXSURJUDPPDWHXUGXUpH
 GHODFXLVVRQILQGHODFXLVVRQ


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
)RXUPLFURRQGHVFRPELQp6pULH /DSULVHGHUDFFRUGHPHQWGRLWrWUH
%0 %0  SODFpHHQGHKRUVGHODQLFKH
G
HQFDVWUHPHQW
² 3RUWHVDQVSRLJQpHRXYHUWXUH
DXWRPDWLTXH &RQVHLOVG
LQVWDOODWLRQSRXU
² 8WLOLVDWLRQGXPLFURRQGHVVHXORX O
LQWpJUDWLRQHQSDJHV
HQFRPELQDLVRQDYHFOHJULOHWOH
IRXU 9DOHXUVGHUDFFRUGHPHQW
² 3URJUDPPDWLRQMXVTX
jPRGHVGH 3XLVVDQFHWRWDOHN:
FXLVVRQFRQVpFXWLIVLQFOXDQWPRGH &kEOHGHUDFFRUGHPHQWPVDQV
0RGXOHGHFRPPDQGHEDV FRPELQpHWWHPSVGHUHSRV SULVH
&KDUQLqUHVjGURLWH ² (FUDQ7)7VHQVLWLI
%0    ࡱ ² $SSDUHLOVDQVEDQGHDXGH
3RUWHSOHLQYHUUHVXU  ࡱ+7 FRPPDQGHDYHFPRGXOHGH
LQR[ FRPPDQGHVXUODSRUWHYLWUpH
/DUJHXUFP ² &RQWU{OHpOHFWURQLTXHGHOD
WHPSpUDWXUH
&KDUQLqUHVjJDXFKH ² 9ROXPHXWLOHOLWUHV
%0    ࡱ
3RUWHSOHLQYHUUHVXU  ࡱ+7 3URJUDPPHV
LQR[ )RQFWLRQPLFURRQGHVSXLVVDQFHV
/DUJHXUFP :
)RQFWLRQIRXUDYHFPRGHVGHFXLVVRQ
/HSUL[FRPSUHQG &KDOHXUWRXUQDQWHƒ&HWGHƒ&
 JULOOHSRXUFXLVVRQFRPELQpH jƒ&
 OqFKHIULWHHQYHUUH *ULOJUDQGHVXUIDFHFKDOHXU
WRXUQDQWHGHƒ&jƒ&
*ULOJUDQGHVXUIDFHDLUYHQWLOpGH
ƒ&jƒ&
*ULOJUDQGHVXUIDFHSXLVVDQFHV
PD[:
0RGHVGHFXLVVRQPLFURRQGHV
FRPELQpVDYHFOHVSXLVVDQFHVGH
HW:
SURJUDPPHVDXWRPDWLTXHVVHORQOH
SRLGVUpJODEOHVLQGLYLGXHOOHPHQW
SURJUDPPHVGHGpFRQJpODWLRQ
SURJUDPPHVGHFXLVVRQ
SURJUDPPHVFRPELQpV
3RVVLELOLWpGHPpPRULVHUGHVUHFHWWHV
SHUVRQQHOOHV

%DQGHDXGHFRPPDQGH
2XYHUWXUHDXWRPDWLTXHGHODSRUWH
&RPPDQGHSDUERXWRQVURWDWLIVHW
pFUDQ7)7VHQVLWLI
$IILFKDJHWH[WHFODLU
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
3RUWHjRXYHUWXUHODWpUDOHƒ

&DUDFWpULVWLTXHV
7HFKQRORJLH,QQRZDYH 3ULVH
3UpFKDXIIDJHXOWUDUDSLGH
0HVXUHVHQPP
QLYHDX[GHFXLVVRQ
7KHUPRWHVW$IILFKDJHGHOD
WHPSpUDWXUHUpHOOH
(FODLUDJHKDORJqQHODWpUDO:

6pFXULWp
,VRODWLRQWKHUPLTXHGHODSRUWH
YLWUHV
7ULSOHVpFXULWpGHSRUWH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
UHIURLGLVVHPHQWGHO
DSSDUHLO

1HWWR\DJH
(QFHLQWHGHFXLVVRQHQLQR[DYHFVROH
HQYLWURFpUDPLTXH
3DURLDUULqUHHQpPDLOFDWDO\WLTXH

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHVQRQUpYHUVLEOHV
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODYLWUHDYDQWGXIRXUPP
7HQLUFRPSWHGXGpERUGHPHQW
SRXUO
RXYHUWXUHGHVWLURLUVODWpUDX[
(QFDVG
LQVWDOODWLRQHQDQJOHSUpYRLU
XQDQJOHG
RXYHUWXUHGHODSRUWHGH
ƒ&PLQLPXP


 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

)RXUPLFURRQGHVFRPELQp6pULH (QFDVG
LQVWDOODWLRQHQDQJOHSUpYRLU
%0 %0 %0 %0  XQDQJOHG
RXYHUWXUHGHODSRUWHGH
ƒ&PLQLPXP
² 3RUWHVDQVSRLJQpHRXYHUWXUH /DSULVHGHUDFFRUGHPHQWGRLWrWUH
DXWRPDWLTXH SODFpHHQGHKRUVGHODQLFKH
² 8WLOLVDWLRQGXPLFURRQGHVVHXORX G
HQFDVWUHPHQW
HQFRPELQDLVRQDYHFOHJULOHWOH
IRXU &RQVHLOVG
LQVWDOODWLRQSRXU
² 3URJUDPPDWLRQMXVTX
jPRGHVGH O
LQWpJUDWLRQHQSDJHV
FXLVVRQFRQVpFXWLIVLQFOXDQWPRGH
FRPELQpHWWHPSVGHUHSRV 9DOHXUVGHUDFFRUGHPHQW
² (FUDQ7)7VHQVLWLI 3XLVVDQFHWRWDOHN:
² $SSDUHLOVDQVEDQGHDXGH &kEOHGHUDFFRUGHPHQWPVDQV
0RGXOHGHFRPPDQGHKDXW FRPPDQGHDYHFPRGXOHGH SULVH
&KDUQLqUHVjGURLWH FRPPDQGHVXUODSRUWHYLWUpH
%0    ࡱ ² &RQWU{OHpOHFWURQLTXHGHOD
3RUWHSOHLQYHUUHVXU  ࡱ+7 WHPSpUDWXUH
LQR[ ² 9ROXPHXWLOHOLWUHV
/DUJHXUFP
%0    ࡱ 3URJUDPPHV
3RUWHSOHLQYHUUH  ࡱ+7 )RQFWLRQPLFURRQGHVSXLVVDQFHV
6pULJUDSKLH$QWKUDFLWH*DJJHQDX :
/DUJHXUFP )RQFWLRQIRXUDYHFPRGHVGHFXLVVRQ
&KDOHXUWRXUQDQWHƒ&HWGHƒ&
&KDUQLqUHVjJDXFKH jƒ&
%0    ࡱ *ULOJUDQGHVXUIDFHFKDOHXU
3RUWHSOHLQYHUUHVXU  ࡱ+7 WRXUQDQWHGHƒ&jƒ&
LQR[ *ULOJUDQGHVXUIDFHDLUYHQWLOpGH
/DUJHXUFP ƒ&jƒ&
%0    ࡱ *ULOJUDQGHVXUIDFHSXLVVDQFHV
3RUWHSOHLQYHUUH  ࡱ+7 PD[:
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 0RGHVGHFXLVVRQPLFURRQGHV
/DUJHXUFP FRPELQpVDYHFOHVSXLVVDQFHVGH
HW:
0RGXOHGHFRPPDQGHEDV SURJUDPPHVDXWRPDWLTXHVVHORQOH
&KDUQLqUHVjGURLWH SRLGVUpJODEOHVLQGLYLGXHOOHPHQW
%0    ࡱ SURJUDPPHVGHGpFRQJpODWLRQ
3RUWHSOHLQYHUUHVXU  ࡱ+7 SURJUDPPHVGHFXLVVRQ
LQR[ SURJUDPPHVFRPELQpV
/DUJHXUFP 3RVVLELOLWpGHPpPRULVHUGHVUHFHWWHV
%0    ࡱ SHUVRQQHOOHV
3RUWHSOHLQYHUUH  ࡱ+7
6pULJUDSKLH$QWKUDFLWH*DJJHQDX %DQGHDXGHFRPPDQGH
/DUJHXUFP 2XYHUWXUHDXWRPDWLTXHGHODSRUWH
&RPPDQGHSDUERXWRQVURWDWLIVHW
&KDUQLqUHVjJDXFKH pFUDQ7)7VHQVLWLI
%0    ࡱ $IILFKDJHWH[WHFODLU
3RUWHSOHLQYHUUHVXU  ࡱ+7 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
LQR[ 3RUWHjRXYHUWXUHODWpUDOHƒ
/DUJHXUFP
%0    ࡱ &DUDFWpULVWLTXHV
3RUWHSOHLQYHUUH  ࡱ+7 7HFKQRORJLH,QQRZDYH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 3UpFKDXIIDJHXOWUDUDSLGH 3ULVH
/DUJHXUFP QLYHDX[GHFXLVVRQ 0HVXUHVHQPP
 7KHUPRWHVW$IILFKDJHGHOD
/HSUL[FRPSUHQG WHPSpUDWXUHUpHOOH
 JULOOHSRXUFXLVVRQFRPELQpH (FODLUDJHKDORJqQHODWpUDO: 9XHODWpUDOH%0%6DXGHVVXVGH%2
 OqFKHIULWHHQYHUUH
6pFXULWp
,VRODWLRQWKHUPLTXHGHODSRUWH
YLWUHV
7ULSOHVpFXULWpGHSRUWH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
UHIURLGLVVHPHQWGHO
DSSDUHLO

1HWWR\DJH
(QFHLQWHGHFXLVVRQHQLQR[DYHFVROH
HQYLWURFpUDPLTXH
3DURLDUULqUHHQpPDLOFDWDO\WLTXH

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHVQRQUpYHUVLEOHV
3UpYRLUXQHQLFKHVDQVSDURLDUULqUH
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODYLWUHDYDQWGXIRXUPP
7HQLUFRPSWHGXGpERUGHPHQW
SRXUO
RXYHUWXUHGHVWLURLUVODWpUDX[





/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

)RXUV6pULH 

0DFKLQHjFDIpH[SUHVVR 5pVHUYRLUjODLWHQLQR[DYHFLVRODWLRQ &RQVHLOVG


LQVWDOODWLRQ
WRXWDXWRPDWLTXH6pULH FRQWHQDQFHOLWUHV 2XYHUWXUHODWpUDOHFKDUQLqUHVjJDXFKH
&0  (FODLUDJH/('LQWpJUp QRQUpYHUVLEOHV
5pVHUYRLUjJUDLQVDPRYLEOHDYHF +DXWHXUG
LQVWDOODWLRQLGpDOHFP
² 3RUWHVDQVSRLJQpHRXYHUWXUH FRXYHUFOHGHSURWHFWLRQG
DU{PH jSDUWLUGXVRO 
DXWRPDWLTXH FRQWHQDQFHJSHUPHWGHFKDQJHU 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWOD
² 2XYHUWXUHODWpUDOHFKDUQLqUHVj VDQVHIIRUWGHW\SHGHFDIpHQJUDLQV IDoDGHDYDQWPP
JDXFKH $MXVWHPHQWDXWRPDWLTXHGHODTXDQWLWp (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
² 5pVLVWDQFHGHFKDXIIHSRXUXQ GHFDIpPRXOX SUpYRLUXQHVSDFHODWpUDOGHFKDTXH
FDIpLPPpGLDWHWXQHWHPSpUDWXUH 5pVHUYRLUG
HDXDPRYLEOHFRQWHQDQFH F{Wp
G
pEXOOLWLRQGHO
HDXFRQVWDQWH OLWUHV $QJOHG
RXYHUWXUHGHSRUWHHQYƒ
² 7HFKQRORJLH$URPDSHUPHWWDQW $IILFKDJHpOHFWURQLTXHSRXUOH GHVpULH GLVWDQFHODWpUDOHGHPLQ
GHGpJDJHUWRXWO
DU{PHGXFDIp UHPSODFHPHQWGXILOWUHjHDX PPjUHVSHFWHUSDUUDSSRUWDX
0RGXOHGHFRPPDQGHKDXW ² 6\VWqPHGHQHWWR\DJH6LQJOH &RQWU{OHpOHFWURQLTXHGXUHPSOLVVDJH PXU
&0    ࡱ ² 3RUWLRQ&OHDQLQJDSUqVFKDTXH GHVEDFVUpFXSpUDWHXUVGXPDUFGH 3RXUXQDQJOHG
RXYHUWXUHGHSRUWH
3RUWHSOHLQYHUUH  ࡱ+7 XWLOLVDWLRQ FDIpHWG
HDX G
HQYƒGLVWDQFHODWpUDOHGHPLQ
VXULQR[ ² (FUDQ7)7VHQVLWLI  PPjUHVSHFWHUSDUUDSSRUWDX
+RPH&RQQHFW ² $SSDUHLOVDQVEDQGHDXGH ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH PXU
&KDUQLqUHVjJDXFKH FRPPDQGHDYHFPRGXOHGH SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW 3RXUXQDQJOHG
RXYHUWXUHG
HQYƒ
/DUJHXUFP FRPPDQGHVXUODSRUWHYLWUpH YLDXQFkEOH/$1 UHFRPPDQGp RX GLVWDQFHODWpUDOHGHPLQPPj
&0    ࡱ ² 3UpSDUDWLRQGHVERLVVRQVSDU VDQVILOYLD:L)L UHVSHFWHUSDUUDSSRUWDXPXU SLqFH
3RUWHSOHLQYHUUH  ࡱ+7 VLPSOHSUHVVLRQVXUXQHWRXFKH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH GpWDFKpH1U 
6pULJUDSKLH$QWKUDFLWH ² 3HUVRQQDOLVDWLRQGHVIRQFWLRQV &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp ,QVWDOODWLRQSRVVLEOHGDQVQLFKH
+RPH&RQQHFW ² 6HSWSRVVLELOLWpVG
pFODLUDJH GHVVHUYLFHV+RPH&RQQHFWGDQVOH VWDQGDUGKDXWHXUFPGLUHFWHPHQW
&KDUQLqUHVjJDXFKH ² &RQWU{OHpOHFWURQLTXHGXQLYHDXGH SD\VUHVSHFWLI/HVVHUYLFHV+RPH DXGHVVXVG
XQ:6KDXWHXUFPVDQV
/DUJHXUFP UHPSOLVVDJHGXODLWGHO
HDXHWGX &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV SODQFKHULQWHUPpGLDLUH
FDIpHQJUDLQVSHUPHWWDQWXQ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUHGH
/HSUL[FRPSUHQG UpVXOWDWSDUIDLW ZZZKRPHFRQQHFWFRP O
DSSDUHLOHQEDVjGURLWH
 YLVGHPRQWDJH 3UpYRLUXQFkEOH/$1 
 FXLOOqUHSRXUGRVHUOHFDIpPRXOX 7\SHVGHERLVVRQV $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
 EDQGHWHVWSRXUODGXUHWpGHO
HDX 5LVWUHWWR[5LVWUHWWR 6pFXULWp HQWDQWTXHSLqFHVGpWDFKpHV 
 UpVHUYRLUjODLW LVROp ([SUHVVR[([SUHVVR 6pFXULWpHQIDQWV (71U)LOWUHjHDX
 WX\DXUDFFRUGHPHQWSRXUPRXVVH ([SUHVVR0DFFKLDWR[([SUHVVR (71U7DEOHWWHVGH
GHODLW 0DFFKLDWR 1HWWR\DJH GpWDUWUDJH
 WX\DXjODLW &DIp[&DIp 3URJUDPPHDXWRPDWLTXHGHULQoDJH (71U7DEOHWWHVGHQHWWR\DJH
$PHULFDQR[$PHULFDQR ORUVGHODPLVHHQURXWHHWGHO
DUUrW (71U5pGXFWHXUG
DQJOH
 &DIpDXODLW[&DIpDXODLW 1HWWR\DJHDXWRPDWLTXHSDUYDSHXUGX G
RXYHUWXUHjƒ
/DWWH0DFFKLDWR[/DWWH0DFFKLDWR V\VWqPHGHODLWDSUqVFKDTXHERLVVRQ (71U5pVHUYRLUjJUDLQV
&DSSXFFLQR[&DSSXFFLQR 3URJUDPPHVDXWRPDWLTXHVGH DYHFFRXYHUFOH
)ODW:KLWH[)ODW:KLWH QHWWR\DJHHWGHGpWDUWUDJH
0RXVVHGHODLW[0RXVVHGHODLW 3URJUDPPHGHYLGDQJHSRXUXQH &RQVHLOVG
LQVWDOODWLRQSRXU
/DLWFKDXG[/DLWFKDXG SUpSDUDWLRQGHO
DSSDUHLODYDQW O
LQWpJUDWLRQHQSDJHV
(DXFKDXGH[(DXFKDXGH OHGpSDUWHQYDFDQFHVRXSRXUOH 
WUDQVSRUW 9DOHXUVGHUDFFRUGHPHQW
%DQGHDXGHFRPPDQGH /DIRQFWLRQYLGDQJHGXEUR\HXU 3XLVVDQFHDEVRUEpHN:
2XYHUWXUHDXWRPDWLTXHGHODSRUWH SHUPHWG
pOLPLQHUOHVUpVLGXVGHFDIp &kEOHGHUDFFRUGHPHQWP
&RPPDQGHSDUERXWRQVURWDWLIVHW SUpFpGHQWVORUVGXFKDQJHPHQWGH DYHFSULVH
pFUDQ7)7VHQVLWLI W\SHGHJUDLQVGHFDIp
$IILFKDJHWH[WHFODLU &KDPEUHGHFRPSUHVVLRQDPRYLEOH
3HUVRQQDOLVDWLRQGHVIRQFWLRQV SRXUQHWWR\DJH
MXVTX
jERLVVRQVSHUVRQQDOLVDEOHVHW %DFVUpFXSpUDWHXUVGXPDUFGHFDIpHW
PpPRULVDEOHV G
HDXODYDEOHVDXODYHYDLVVHOOH
5pJODJHSRVVLEOHGHWDLOOHVGH 0RXVVHXUGHODLWODYDEOHDX
ERLVVRQVOHYROXPHSRXYDQWrWUH ODYHYDLVVHOOH
DGDSWpLQGLYLGXHOOHPHQWjODWDLOOHGH
FKDTXHWDVVH
QLYHDX[GHUpJODJHGHO
LQWHQVLWpGX
FDIpGHWUqVGRX[jH[WUDIRUW
QLYHDX[GHUpJODJHGHODWHPSpUDWXUH
GXFDIp
QLYHDX[GHUpJODJHGHOD
WHPSpUDWXUHGHO
HDXFKDXGH
5pJODJHGHQLYHDX[GHFRQWHQDQFH
SRXUOHFDIpDXODLW
'HJUpGHPRXWXUHUpJODEOH
%XVHGHVRUWLHGXFDIpUpJODEOHHQ
KDXWHXUGHjFP
$FFqVIDFLOHDX[UpVHUYRLUVG
HDXGH
ODLWHWGHFDIpHQJUDLQVVLWXpVGHUULqUH
ODSRUWH

&DUDFWpULVWLTXHV
8QLWpGHEUR\DJHDYHFGLVTXHVHQ
FpUDPLTXHVDQVHQWUHWLHQ
&RPSDUWLPHQWVpSDUpSRXUXQHH
VRUWHGHFDIpPRXOX
3RPSHjHDX%DUGHSUHVVLRQ
'RXEOHPRXWXUHHWGRXEOHpEXOOLWLRQ
SRXUGHVERLVVRQVH[WUDIRUWHV
3RXUOHVERLVVRQVSDUGRXEOHF\FOH
GHPRXWXUHHWG
pEXOOLWLRQGHO
HDX
'LVWULEXWHXUDYHFV\VWqPHGHODLW
LQWpJUp
7LURLU6RXV9LGH6pULH
೦ '9

² ,QWpJUDEOHGDQVXQHQLFKHGH
PHXEOHKDXWHXUFP
² &RPSDUWLPHQW6RXV9LGH
K\JLpQLTXHHQLQR[KDXWHXUXWLOH
'9  ࡱ PD[LPDOHGHPP
)DoDGHYHUUHVXULQR[  ࡱ+7 ² QLYHDX[G·DVSLUDWLRQGDQVOH
/DUJHXUFP+DXWHXUFP FRPSDUWLPHQWPD[
'9  ࡱ ² QLYHDX[G·DVSLUDWLRQKRUV
)DoDGHHQYHUUH  ࡱ+7 FRPSDUWLPHQWPD[
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ² 'pWHFWLRQDXWRPDWLTXHGHOD
/DUJHXUFP+DXWHXUFP FRQQH[LRQSRXUODPLVH6RXV9LGH
GDQVXQFRQWHQDQWH[WHUQH
/HSUL[FRPSUHQG ² 7LURLUVDQVSRLJQpH
 6DFVSHWLWPRGqOH SFV ² )HUPHWXUHGRXFH
 6DFVJUDQGPRGqOH SFV
5HKDXVVHXU 8WLOLVDWLRQV
$GDSWDWHXUSRXUPLVH6RXV9LGH 0LVH6RXV9LGHSRXUFXLVVRQ
 FRQWHQDQWVH[WHUQHV 6RXV9LGH
7X\DXSRXUPLVH6RXV9LGH 0LVH6RXV9LGHSRXUPDULQHU
$GDSWDWHXUSRXUPLVH6RXV9LGH UDSLGHPHQWHWDURPDWLVHU
 ERXWHLOOHV 0LVH6RXV9LGHSRXUSURORQJHUOD
 %RXFKRQVSRXUPLVH6RXV9LGH GXUpHGHFRQVHUYDWLRQ
ERXWHLOOHV 0LVH6RXV9LGHGDQVFRQWHQDQWV
H[WHUQHV
$FFHVVRLUHVHQRSWLRQ 0LVH6RXV9LGHGHOLTXLGHVGDQV
%$ ࡱ ERXWHLOOHVjO·H[WpULHXUGXFRPSDUWLPHQW
6DFVSRXUPLVH  ࡱ+7
VRXVYLGHSHWLWPRGqOH %DQGHDXGHFRPPDQGH
PP[PPSLqFHV &RPPDQGHVSDUWRXFKHVVHQVLWLYHV
%$  ࡱ 3RLJQpHHQFDVWUpHHQEDVGHODIDoDGH
6DFVSRXUPLVH ࡱ+7  GXWLURLU
VRXVYLGHJUDQGPRGqOH
PP[PPSLqFHV &DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&KDUJHPD[LPDOHNJ
7DLOOHPD[LPDOHGXVDFGHPLVHVRXV
YLGHOPP[/PP
QLYHDX[GHWKHUPRVRXGXUHSRXU
GLIIpUHQWHVpSDLVVHXUVGHVDFV
%DUUHGHWKHUPRVRXGXUHDQWL
DGKpUHQWHDPRYLEOH
&RXYHUFOHHQYHUUHGHVpFXULWp
RXYHUWXUHDXWRPDWLTXHDSUqVPLVH
VRXVYLGH
5HKDXVVHXUSRXUPLVHVRXVYLGH
PPLQWpJUDEOH
(VSDFHXWLOHGDQVFRPSDUWLPHQW
OPP[/PP
0HPEUDQHSRXUpYLWHUOHUHIOX[GHV
OLTXLGHVHQFDVGHPLVHVRXVYLGHGDQV
XQFRQWHQDQWH[WHUQH
3URJUDPPHGHVpFKDJHSRXUODSRPSH
DVSLUDQWH
)RQFWLRQDODUPH

&RQVHLOVG
LQVWDOODWLRQ
0LVHHQSODFHREOLJDWRLUHGXILOWUHj
KXLOHGDQVODSRPSH
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODIDoDGHDYDQWGHO
DSSDUHLOPP
,QVWDOODWLRQ%6%0&0GLUHFWHPHQW
DXGHVVXVGH'9GDQVQLFKHGHFP
VDQVSODQFKHULQWHUPpGLDLUH
,QVWDOODWLRQSRVVLEOHVRXVOHSODQGH
WUDYDLORXGDQVXQHQLFKHLQGLYLGXHOOH
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOHN:
&kEOHGHUDFFRUGHPHQWP
DYHFSULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

7LURLU6RXV9LGH6pULH &RQVHLOVG
LQVWDOODWLRQSRXU
'9 O
LQWpJUDWLRQHQSDJHV

² 7RXWLQWpJUDEOHGDQVXQHQLFKHGH 9DOHXUVGHUDFFRUGHPHQW
PHXEOHKDXWHXUFP 3XLVVDQFHWRWDOHN:
² +DELOODJHQpFHVVDLUHDYHFIDoDGH &kEOHGHUDFFRUGHPHQWP
GHPHXEOHHWSRLJQpHDSSDUHQWHRX DYHFSULVH
LQWpJUpH
'9  ࡱ ² &RPSDUWLPHQW6RXV9LGH
7RXWLQWpJUDEOH  ࡱ+7 K\JLpQLTXHHQLQR[KDXWHXUXWLOH
/DUJHXUFP+DXWHXUFP PD[LPDOHGHPP
² QLYHDX[G·DVSLUDWLRQGDQVOH
/HSUL[FRPSUHQG FRPSDUWLPHQWPD[
 6DFVSHWLWPRGqOH SFV ² QLYHDX[G·DVSLUDWLRQKRUV
 6DFVJUDQGPRGqOH SFV FRPSDUWLPHQWPD[
5HKDXVVHXU ² 'pWHFWLRQDXWRPDWLTXHGHOD
$GDSWDWHXUSRXUPLVH6RXV9LGH FRQQH[LRQSRXUODPLVH6RXV9LGH
 FRQWHQDQWVH[WHUQHV GDQVXQFRQWHQDQWH[WHUQH
7X\DXSRXUPLVH6RXV9LGH ² )HUPHWXUHGRXFHV
$GDSWDWHXUSRXUPLVH6RXV9LGH 
 ERXWHLOOHV 8WLOLVDWLRQV
 %RXFKRQVSRXUPLVH6RXV9LGH 0LVH6RXV9LGHSRXUFXLVVRQ6RXV
ERXWHLOOHV 9LGH
0LVH6RXV9LGHSRXUPDULQHU
$FFHVVRLUHVHQRSWLRQ UDSLGHPHQWHWDURPDWLVHU
%$ ࡱ 0LVH6RXV9LGHSRXUSURORQJHUOD
6DFVSRXUPLVH  ࡱ+7 GXUpHGHFRQVHUYDWLRQ
VRXVYLGHSHWLWPRGqOH 0LVH6RXV9LGHGDQVFRQWHQDQWV
PP[PPSLqFHV H[WHUQHV
%$  ࡱ 0LVH6RXV9LGHGHOLTXLGHVGDQV
6DFVSRXUPLVH ࡱ+7  ERXWHLOOHVjO·H[WpULHXUGX
VRXVYLGHJUDQGPRGqOH FRPSDUWLPHQW
PP[PPSLqFHV
%DQGHDXGHFRPPDQGH
&RPPDQGHVSDUWRXFKHVVHQVLWLYHV

&DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&KDUJHPD[LPDOHNJ
7DLOOHPD[LPDOHGXVDFGHPLVHVRXV
YLGHOPP[/PP
QLYHDX[GHWKHUPRVRXGXUHSRXU
GLIIpUHQWHVpSDLVVHXUVGHVDFV
%DUUHGHWKHUPRVRXGXUHDQWLDGKpUHQWH
DPRYLEOH
&RXYHUFOHHQYHUUHGHVpFXULWp
RXYHUWXUHDXWRPDWLTXHDSUqVPLVH
VRXVYLGH
5HKDXVVHXUSRXUPLVHVRXVYLGH
PPLQWpJUDEOH
(VSDFHXWLOHGDQVFRPSDUWLPHQW
OPP[/PP
0HPEUDQHSRXUpYLWHUOHUHIOX[GHV
OLTXLGHVHQFDVGHPLVHVRXVYLGHGDQV
XQFRQWHQDQWH[WHUQH
3URJUDPPHGHVpFKDJHSRXUODSRPSH
DVSLUDQWH
)RQFWLRQDODUPH

&RQVHLOVG
LQVWDOODWLRQ
$WWHQWLRQSUpYRLUREOLJDWRLUHPHQWXQH
SRLJQpHDSSRVpHVXUODIDoDGH
G
KDELOODJHRXXQHSRLJQpHLQWpJUpH
SRXUSHUPHWWUHO
RXYHUWXUHGHFHW
DSSDUHLO
(VSDFHODWpUDOQpFHVVDLUHGHPLQL
PPHQWUHIDoDGHGHO
DSSDUHLOHW
SDQQHDXG
KDELOODJHGXPHXEOH
,QVWDOODWLRQ%6%0&0GLUHFWHPHQW
DXGHVVXVGH'9GDQVQLFKHGHFP
VDQVSODQFKHULQWHUPpGLDLUH
,QVWDOODWLRQSRVVLEOHVRXVOHSODQGH
WUDYDLORXGDQVXQHQLFKHLQGLYLGXHOOH
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7LURLUFKDXIIDQW6pULH
:6 

² 7LURLUFKDXIIDQWVDQVSRLJQpH
² (FODLUDJHLQWpULHXUOXPLQHX[
² )HUPHWXUHGRXFH
:6    ࡱ ² ,QWpULHXUHQLQR[DYHFVROHHQYHUUH
)DoDGHYHUUHVXULQR[  ࡱ+7 ² QLYHDX[GHUpJODJHDYHF
/DUJHXUFP+DXWHXUFP WHPSpUDWXUHVGHƒ&jƒ&
VROHHQYHUUH
² (JDOHPHQWSRXUODSUpSDUDWLRQHWOD
FXLVVRQGHVDOLPHQWVDLQVLTXH
SRXUOHPDLQWLHQDXFKDXGGHV
DOLPHQWV

0RGHVGHFXLVVRQ
'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH
3UpFKDXIIDJHGHSHWLWVFRQWHQDQWV
SRXUERLVVRQV
0DLQWLHQDXFKDXG&XLVVRQEDVVH
WHPSpUDWXUHG
DOLPHQWV
3UpFKDXIIHUODYDLVVHOOH

%DQGHDXGHFRPPDQGH
&RPPDQGHSDUERXWRQURWDWLI
3RLJQpHHQFDVWUpHHQEDVGHODIDoDGH
GXWLURLU

&DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&DSDFLWpYDLVVHOOHSRXUSHUVDYHF
DVVLHWWHVGLDPFPHWEROVjVRXSH
VDODGLHUVHWXQSODWGHVHUYLFHVHORQ
WDLOOH
&KDUJHPD[LPDOHNJ
'LPHQVLRQVLQWpULHXUHVXWLOHV
/[+[3PP
5pVLVWDQFHVRXVODVROHHQYHUUHSRXU
XQHQWUHWLHQIDFLOH
9HQWLODWLRQLQWpJUpHDVVXUDQWXQH
UpSDUWLWLRQKRPRJqQHGHODFKDOHXUHW
XQSUpFKDXIIDJHSOXVUDSLGHGHOD
YDLVVHOOH
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQW
VXUODIDoDGHHQYHUUH
6ROHHQYHUUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODIDoDGHDYDQWGHO
DSSDUHLOPP
/RUVGHO
LQVWDOODWLRQG
XQ%2%6
DXGHVVXVGX:6SUpYRLUXQSODQFKHU
LQWHUPpGLDLUHpSDLVVHXUPP
,QVWDOODWLRQ%6DXGHVVXV:6GDQV
XQHQLFKHGHFPDYHFXQSODQFKHU 9XHODWpUDOH:6VRXV%6
LQWHUPpGLDLUH HVSDFHGHPPHQWUH
:6HW%6 
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHDEVRUEpHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

7LURLUFKDXIIDQW6pULH
:6 

² 7LURLUFKDXIIDQWVDQVSRLJQpH
² (FODLUDJHLQWpULHXUOXPLQHX[
² )HUPHWXUHGRXFH
² ,QWpULHXUHQLQR[DYHFVROHHQYHUUH
:6    ࡱ ² QLYHDX[GHUpJODJHDYHF
)DoDGHYHUUHVXULQR[  ࡱ+7 WHPSpUDWXUHVGHƒ&jƒ&
/DUJHXUFP+DXWHXUFP VROHHQYHUUH
:6    ࡱ ² (JDOHPHQWSRXUODSUpSDUDWLRQHWOD
)DoDGHHQYHUUH  ࡱ+7 FXLVVRQGHVDOLPHQWVDLQVLTXH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX SRXUOHPDLQWLHQDXFKDXGGHV
/DUJHXUFP+DXWHXUFP DOLPHQWV

0RGHVGHFXLVVRQ
'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH
3UpFKDXIIDJHGHSHWLWVFRQWHQDQWV
SRXUERLVVRQV
0DLQWLHQDXFKDXG&XLVVRQEDVVH
WHPSpUDWXUHG
DOLPHQWV
3UpFKDXIIHUODYDLVVHOOH

%DQGHDXGHFRPPDQGH
&RPPDQGHSDUERXWRQURWDWLI
3RLJQpHHQFDVWUpHHQEDVGHODIDoDGH
GXWLURLU

&DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&DSDFLWpYDLVVHOOHSRXUSHUVDYHF
DVVLHWWHVGLDPFPHWEROVjVRXSH
VDODGLHUVHWXQSODWGHVHUYLFHVHORQ
WDLOOH
&KDUJHPD[LPDOHNJ
'LPHQVLRQVLQWpULHXUHVXWLOHV
/[+[3PP
5pVLVWDQFHVRXVODVROHHQYHUUHSRXU
XQHQWUHWLHQIDFLOH
9HQWLODWLRQLQWpJUpHDVVXUDQWXQH
UpSDUWLWLRQKRPRJqQHGHODFKDOHXUHW
XQSUpFKDXIIDJHSOXVUDSLGHGHOD
YDLVVHOOH
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQW
VXUODIDoDGHHQYHUUH
6ROHHQYHUUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODIDoDGHDYDQWGHO
DSSDUHLOPP
,QVWDOODWLRQ%6%0&0GLUHFWHPHQW
DXGHVVXVGH:6GDQVXQHQLFKHGH
FPVDQVSODQFKHULQWHUPpGLDLUH
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHDEVRUEpHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7LURLUFKDXIIDQW6pULH
:6 

² 7LURLUFKDXIIDQWVDQVSRLJQpH
² (FODLUDJHLQWpULHXUOXPLQHX[
² )HUPHWXUHGRXFH
² ,QWpULHXUHQLQR[DYHFVROHHQYHUUH
² QLYHDX[GHUpJODJHDYHF
WHPSpUDWXUHVGHƒ&jƒ&
VROHHQYHUUH
² (JDOHPHQWSRXUODSUpSDUDWLRQHWOD
:6    ࡱ FXLVVRQGHVDOLPHQWVDLQVLTXH
)DoDGHYHUUHVXULQR[  ࡱ+7 SRXUOHPDLQWLHQDXFKDXGGHV
/DUJHXUFP+DXWHXUFP DOLPHQWV
:6    ࡱ
)DoDGHHQYHUUH  ࡱ+7 0RGHVGHFXLVVRQ
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH
/DUJHXUFP+DXWHXUFP 3UpFKDXIIDJHGHSHWLWVFRQWHQDQWV
SRXUERLVVRQV
0DLQWLHQDXFKDXG&XLVVRQEDVVH  
WHPSpUDWXUHG
DOLPHQWV 
3UpFKDXIIHUODYDLVVHOOH 

%DQGHDXGHFRPPDQGH
&RPPDQGHSDUERXWRQURWDWLI
3RLJQpHHQFDVWUpHHQEDVGHODIDoDGH
GXWLURLU

&DUDFWpULVWLTXHV
 
9ROXPHXWLOHOLWUHV
&DSDFLWpYDLVVHOOHSRXUSHUVDYHF
DVVLHWWHVGLDPFPHWEROVjVRXSH 
VDODGLHUVHWXQSODWGHVHUYLFHVHORQ 
WDLOOH
&KDUJHPD[LPDOHNJ
'LPHQVLRQVLQWpULHXUHVXWLOHV 
/[+[3PP
5pVLVWDQFHVRXVODVROHHQYHUUHSRXU

XQHQWUHWLHQIDFLOH 
9HQWLODWLRQLQWpJUpHDVVXUDQWXQH
UpSDUWLWLRQKRPRJqQHGHODFKDOHXUHW 
XQSUpFKDXIIDJHSOXVUDSLGHGHOD

YDLVVHOOH
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQW  
 
VXUODIDoDGHHQYHUUH
6ROHHQYHUUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODIDoDGHDYDQWGHO
DSSDUHLOPP
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHDEVRUEpHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
$FFHVVRLUHVSRXU6pULH

1RWLILFDWLRQWRXVOHVDFFHVVRLUHVQHV
DGDSWHQWSDVjWRXVOHVIRXUV3OXVGHSUpFLVLRQVGDQVOHVWDEOHDX[SDJHVj

%$  ࡱ %$   ࡱ


7ULSOHUDLOWpOHVFRSLTXH ࡱ+7  /qFKHIULWHpPDLOOp ࡱ+7
VRUWLHWRWDOHSRXUIRXUFRPELYDSHXU 3URIRQGHXUPP
3RXUIRXUVS\URO\VHFP%2

%$   ࡱ


%$   ࡱ 5pVLVWDQFH ࡱ+7 
5DLOWpOHVFRSLTXH ࡱ+7  SRXUSLHUUHjSDLQHWjSL]]DVHWIDLWRXW
6RUWLHWRWDOH HQIRQWH
3RXUIRXUVS\URO\VHFP 3RXUIRXUVS\URO\VHFP
%$   ࡱ %$   ࡱ
5DLOWpOHVFRSLTXH ࡱ+7 5pVLVWDQFH ࡱ+7 
6RUWLHWRWDOH SRXUSLHUUHjSDLQHWjSL]]DVHWIDLWRXW
3RXUIRXUVS\URO\VHFP HQIRQWH
3RXUIRXUVS\URO\VHFP
%$ ࡱ
5pFLSLHQWHQLQR[ ࡱ+7
QRQSHUIRUp %$   ࡱ
SURIRQGHXUPPOLWUHV 3LHUUHjSDLQ ࡱ+7 
HWjSL]]DV
&RPSUHQGVXSSRUWHWSHOOH
5pVLVWDQFHjFRPPDQGHUVpSDUpPHQW 
1RQFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH
%$ ࡱ 3RXUIRXUVS\URO\VHFP
5pFLSLHQWHQLQR[ ࡱ+7 %$   ࡱ
SHUIRUp 3LHUUH ࡱ+7 
SURIRQGHXUPPOLWUHV jSDLQHWjSL]]DV
&RPSUHQGVXSSRUWHWSHOOH
5pVLVWDQFHjFRPPDQGHUVpSDUpPHQW 
1RQFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH
3RXUIRXUVS\URO\VHFP

%$ ࡱ
5pFLSLHQWDQWLDGKpUHQW ࡱ+7
QRQSHUIRUp %6   ࡱ
SURIRQGHXUPPOLWUHV 3HOOH ࡱ+7 
SRXUHQIRXUQHUSDLQSL]]DV
6HWGH

%$ ࡱ
5pFLSLHQWDQWLDGKpUHQW ࡱ+7
SHUIRUp
SURIRQGHXUPPOLWUHV
*1   ࡱ
$GDSWDWHXU ࡱ+7 
SRXUUpFLSLHQW*DVWUR1RUP
HWJULOOH
3RXUWRXVOHVIRXUVFRPELQpYDSHXU
%$   ࡱ %6%63VDXI%63
7{OHjSDWLVVHULH ࡱ+7
pPDLOOpH
3URIRQGHXUPP
3RXUIRXUVS\URO\VHFP
%$   ࡱ
7{OHjSDWLVVHULH ࡱ+7
pPDLOOpH
3URIRQGHXUPP
3RXUIRXUVS\URO\VHFP

%$   ࡱ


*ULOOH ࡱ+7 
VDQVRXYHUWXUHDYHFSLHGV
3RXUIRXUVS\URO\VHFP
%$   ࡱ
*ULOOH ࡱ+7 
VDQVRXYHUWXUHDYHFSLHGV
3RXUIRXUVS\URO\VHFP

%$   ࡱ


/qFKHIULWHHQYHUUH ࡱ+7
3URIRQGHXUPP
)RXUV6pULH 

*1   ࡱ *)   ࡱ


5pFLSLHQW ࡱ+7  6\VWqPH  ࡱ+7
*DVWUR1RUPLQR[*1 GHILOWUDJHDQWLFDOFDLUHHW
QRQSHUIRUp QHXWUDOLVDWLRQGXJR€W
3URIRQGHXUPPOLWUHV .LWSRXUqUHLQVWDOODWLRQ
5HFRPPDQGpSRXUXQHGXUHWpG
HDX
VXSpULHXUHjƒI+ 7rWHGHILOWUH
*1   ࡱ DYHFV\VWqPHGHVpFXULWpLQWpJUp
5pFLSLHQW ࡱ+7  FDUWRXFKHGHILOWUDJH 
*DVWUR1RUPHQLQR[*1 'LPHQVLRQVGXV\VWqPHDVVHPEOp
QRQSHUIRUp +DXWHXUPP
3URIRQGHXUPPOLWUHV /DUJHXUPP
3URIRQGHXUPP
7X\DXG
DUULYpG
HDXP
DYHFUDFFRUG
*1   ࡱ
5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[*1 *)   ࡱ
SHUIRUp )LOWUHGHUHFKDQJH ࡱ+7
3URIRQGHXUPPOLWUHV

*1   ࡱ


5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[*1
SHUIRUp
3URIRQGHXUPPOLWUHV
*=   ࡱ
5DOORQJH ࡱ+7 
SRXUDUULYpHHWpYDFXDWLRQG·HDX
ORQJXHXUP 

*1   ࡱ


)DLWRXW*DVWUR1RUP ࡱ+7  %$   ࡱ
HQIRQWHG
DOXPLQLXP*1 6DFVSRXUPLVH ࡱ+7 
KDXWHXUPPDQWLDGKpUHQW VRXVYLGHSHWLWPRGqOH
3HUPHWGHVDLVLUGDQVOHIRXUDYHFOD PP[PPSLqFHV
IRQFWLRQ)DLWRXW 5pVLVWDQWVGHƒjƒ&
8WLOLVDWLRQLQGpSHQGDQWHGHODSDUWLH
EDVVHHWRXGXFRXYHUFOHKDXWHXU
HWPP
8WLOLVDWLRQGDQVOHVIRXUV%$ %$   ࡱ
RX%$DYHFOHUDLOWpOHVFRSLTXH 6DFVSRXUPLVH  ࡱ+7 
%$RX%$ UpVLVWDQFHj VRXVYLGHJUDQGPRGqOH
FRPPDQGHUVpSDUpPHQW HWGDQVOHV PP[PPSLqFHV
IRXUVYDSHXUHWFRPELYDSHXUDYHF 5pVLVWDQWVGHƒjƒ&
DGDSWDWHXU*1
HWUDLOWpOHVFRSLTXH%$
pOpPHQWVjFRPPDQGHUVpSDUpPHQW 

&/6   ࡱ
&DUWRXFKHVGHQHWWR\DJH
 ࡱ+7
6HWGH
3RXUIRXUVFRPELYDSHXU
jUDFFRUGHPHQWGLUHFW

&RQVHLO
7RXVOHVDFFHVVRLUHVQHV
DGDSWHQWSDV
GDQVWRXVOHVIRXUV3OXVGHSUpFLVLRQV
GDQVOHVWDEOHDX[SDJHVj 

3RXUFRPPDQGHUFHVDFFHVVRLUHV
HQOLJQHVHUHSRUWHUDX[SDJHVj
$FFHVVRLUHVHWDFFHVVRLUHVVSpFLDX[SRXU6pULH

5pIpUHQFHV 5pIpUHQFHV %;%;


RQOLQH
7{OHjSkWLVVHULH )RXUGRXEOH
%$  W{OHjSDWLVVHULHSURIRQGHXUPPFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH
%$  W{OHjSDWLVVHULHSURIRQGHXUPP ‡ [ ঑
5DLOVWpOHVFRSLTXHV
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHVXSSRUWHQIRQWHS\URO\VDEOH
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHVXSSRUWHQIRQWHS\URO\VDEOH ঑
%$ WULSOHUDLOWpOHVFRSLTXHSRXUIRXUFRPELYDSHXU
3LHUUHjSDLQHWjSL]]DV
SLHUUHjSDLQHWjSL]]DFRPSUHQDQWSHOOHHWVXSSRUW
%$ 
UpVLVWDQFH%$jFRPPDQGHUVpSDUpPHQW
SLHUUHjSDLQHWjSL]]DFRPSUHQDQWSHOOHHWVXSSRUW
%$  ঑
UpVLVWDQFH%$jFRPPDQGHUVpSDUpPHQW
5pFLSLHQWIRXUYDSHXU
%$  UpFLSLHQWLQR[QRQSHUIRUpPPOLWUHV
%$  UpFLSLHQWLQR[SHUIRUpPPOLWUHV
%$  UpFLSLHQWDQWLDGKpUHQWQRQSHUIRUpPPOLWUHV
%$  UpFLSLHQWDQWLDGKpUHQWSHUIRUpPPOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[QRQSHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[QRQSHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[SHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[SHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
5pFLSLHQW*DVWUR1RUPHQIRQWHG
DOXPLQLXP
*1  IDLWRXWHQIRQWHG
DOXPLQLXPUHYrWHPHQWDQWLDGKpUHQW*DVWUR1RUP ঑
KDXWHXUPPSRXUIRXUVDYHFUpVLVWDQFHGHFKDXWH
%$RX%$HWUDLOWpOHVFRSLTXH%$RX%$
jFRPPDQGHUVpSDUpPHQW HWSRXUIRXUVFRPELYDSHXUDYHFDGDSWD
WHXU*1DYHFUDLOWpOHVFRSLTXH%$
$GDSWDWHXUSRXUUpFLSLHQW*1
*1  DGDSWDWHXUSRXUUpFLSLHQW*DVWUR1RUP
/qFKHIULWHHQYHUUH
%$  OqFKHIULWHHQYHUUHSURIRQGHXUPP
*ULOOH
%$  JULOOHGHFXLVVRQVDQVRXYHUWXUHDYHFSLHGV
%$  JULOOHGHFXLVVRQVDQVRXYHUWXUHDYHFSLHGV ‡ [ ঑
JULOOHSRXUOqFKHIULWH%$%$

DYHFRXYHUWXUHHWSLHGV
 JULOOHSRXUOqFKHIUWLWH(71UDYHFRXYHUWXUHHWSLHGV ‡ [ ঑
/qFKHIULWHpPDLOOpH
OqFKHIULWHpPDLOOpDYHFSLHGVHW=[DWLRQSRXUWRXUQHEURFKH
%$ 
SURIRQGHXUPP
 VXSSRUWGHWRXUQHEURFKHDYHFSLHGVSURIRQGHXUPP ‡ [ ঑
5pVLVWDQFHGHFKDXIIH
UpVLVWDQFHSRXUSLHUUHSDLQHWIDLWRXWHQIRQWHDFFHVVRLUH
%$ 
LQGLVSHQVDEOHSRXUSLHUUHjSDLQHWjSL]]DV%$
UpVLVWDQFHSRXUSLHUUHSDLQDFFHVVRLUHLQGLVSHQVDEOH
%$  ঑
SRXUSLHUUHjSDLQHWjSL]]DV%$
3HOOHjSL]]DV
%6  SHOOHSRXUHQIRXUQHUSDLQSL]]D VHWGH ঑
1HWWR\DJH
&/6 FDUWRXFKHVGHQHWWR\DJHSRXUIRXUFRPELYDSHXUUDFFRUGHPHQWGLUHFW
 WDEOHWWHVGHGpWDUWUDJHSRXUIRXUFRPELYDSHXU
 =OWUHjHDXGHUHPSODFHPHQW
 WDEOHWWHVGHGpWDUWUDJH
 WDEOHWWHVGHQHWWR\DJH
6DFVGHPLVHVRXVYLGH
%$ VDFVGHPLVHVRXVYLGHSHWLWPRGqOH[PPSLqFHV
%$ VDFVGHPLVHVRXVYLGHJUDQGPRGqOH[PPSLqFHV
&RQQH[LRQjO
HDX
*)  V\VWqPHGH=OWUDJHDQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W
*)  FDUWRXFKHGH=OWUDJHGHUHFKDQJHSRXU*)
*=  UDOORQJHSRXUDUULYpHHWpYDFXDWLRQG
HDX ORQJXHXUP

‡/LYUpGHVpULH
঑$FFHVVRLUHVSpFLDO
)RXUV6pULH 

%2%2 %2%2 %2%2 %2%2 %6%6 %6%6 %6%6


%6%6 %6%6
)RXU )RXU )RXU )RXU )RXU&RPEL9DSHXU )RXU&RPEL9DSHXU )RXU&RPEL9DSHXU
‡ [ ঑ ‡঑ ‡঑
‡঑

঑ ঑ ঑

঑ ঑ ঑

঑ ঑ ঑

‡঑ ‡঑ ‡঑


‡঑ ‡঑ ‡঑
঑ ঑ ঑
঑ ঑ ঑
঑ ঑ ঑

঑ ঑ ঑

঑ ঑ ঑

঑ ঑ ঑

঑ ঑ ঑ ঑ VDQVIRQFWLRQIDLWRXW ঑ ঑ ঑

঑ ঑ ঑

‡঑ ‡঑ ‡঑ ঑ ঑ ঑

‡঑ ‡঑ ‡঑


‡঑
‡঑ ঑ ঑
‡঑

঑ ঑
‡঑

঑ ঑ ঑

঑ ঑ ঑ ঑

‡঑ ‡঑ ‡঑


঑ ঑ ঑

঑ ঑
঑ ঑
঑ ঑
$FFHVVRLUHVHWDFFHVVRLUHVVSpFLDX[SRXU6pULH

5pIpUHQFHV 5pIpUHQFHV %0%0


RQOLQH
7{OHjSkWLVVHULH )RXUFRPELQpPLFURRQGHV
%$  W{OHjSDWLVVHULHSURIRQGHXUPPFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH
%$  W{OHjSDWLVVHULHSURIRQGHXUPP
5DLOVWpOHVFRSLTXHV
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHVXSSRUWHQIRQWHS\URO\VDEOH
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHVXSSRUWHQIRQWHS\URO\VDEOH
%$ WULSOHUDLOWpOHVFRSLTXHSRXUIRXUFRPELYDSHXU
3LHUUHjSDLQHWjSL]]DV
SLHUUHjSDLQHWjSL]]DFRPSUHQDQWSHOOHHWVXSSRUW
%$ 
UpVLVWDQFHjFRPPDQGHUVpSDUpPHQW
SLHUUHjSDLQHWjSL]]DFRPSUHQDQWSHOOHHWVXSSRUW
%$ 
UpVLVWDQFHjFRPPDQGHUVpSDUpPHQW
5pFLSLHQWIRXUYDSHXU
%$  UpFLSLHQWLQR[QRQSHUIRUpPPOLWUHV
%$  UpFLSLHQWLQR[SHUIRUpPPOLWUHV
%$  UpFLSLHQWDQWLDGKpUHQWQRQSHUIRUpPPOLWUHV
%$  UpFLSLHQWDQWLDGKpUHQWSHUIRUpPPOLWUHV
*1  UpFLSLHQW*DVWUR1RUPHQLQR[QRQSHUIRUpPPGHSURIRQGHXUOLWUHV
*1  UpFLSLHQW*DVWUR1RUPHQLQR[QRQSHUIRUpPPGHSURIRQGHXUOLWUHV
*1  UpFLSLHQW*DVWUR1RUPHQLQR[SHUIRUpPPGHSURIRQGHXUOLWUHV
*1  UpFLSLHQW*DVWUR1RUPHQLQR[SHUIRUpPPGHSURIRQGHXUOLWUHV
5pFLSLHQW*DVWUR1RUPHQDOXPLQLXP
*1  IDLWRXWHQIRQWHG
DOXPLQLXPUHYrWHPHQWDQWLDGKpUHQW*DVWUR1RUP
KDXWHXUPPSRXUIRXUVDYHFUpVLVWDQFHGHFKDXWH%$
RX%$HWUDLOWpOHVFRSLTXH%$RX%$ jFRPPDQGHU
VpSDUpPHQW HWSRXUIRXUVFRPELYDSHXUDYHFDGDSWDWHXU
*1DYHFUDLOWpOHVFRSLTXH%$
$GDSWDWHXU*1
*1  DGDSWDWHXUSRXUUpFLSLHQW*DVWUR1RUP
/qFKHIULWHHQYHUUH
%$  OqFKHIULWHHQYHUUHSURIRQGHXUPP
*ULOOH
%$  JULOOHGHFXLVVRQVDQVRXYHUWXUHDYHFSLHGV
%$  JULOOHGHFXLVVRQVDQVRXYHUWXUHDYHFSLHGV
 VXSSRUW%$DYHFRXYHUWXUHDYHFSLHGV
 VXSSRUW(71UDYHFRXYHUWXUHDYHFSLHGV
/qFKHIULWHpPDLOOpH
%$  OqFKHIULWHpPDLOOpDYHFSLHGVHW=[DWLRQSRXUWRXUQHEURFKHSURIRQGHXUPP
 VXSSRUWGHWRXUQHEURFKHDYHFSLHGVSURIRQGHXUPP
5pVLVWDQFHGHFKDXIIH
UpVLVWDQFHSRXUSLHUUHSDLQHWIDLWRXWHQIRQWH
%$ 
DFFHVVRLUHLQGLVSHQVDEOHSRXUSLHUUHjSDLQHWjSL]]DV%$
UpVLVWDQFHSRXUSLHUUHSDLQDFFHVVRLUHLQGLVSHQVDEOH
%$ 
SRXUSLHUUHjSDLQHWjSL]]DV%$
3HOOHjSL]]DV
%6  SHOOHSRXUHQIRXUQHUSDLQSL]]D VHWGH
1HWWR\DJH
&/6 FDUWRXFKHVGHQHWWR\DJHSRXUIRXUFRPELYDSHXUUDFFRUGHPHQWGLUHFW
 WDEOHWWHVGHGpWDUWUDJHSRXUIRXUFRPELYDSHXU
 =OWUHjHDX
 WDEOHWWHVGHGpWDUWUDJH
 WDEOHWWHVGHQHWWR\DJH
6DFVGHPLVHVRXVYLGH
%$ VDFVGHPLVHVRXVYLGHSHWLWPRGqOH[PPSLqFHV
%$ VDFVGHPLVHVRXVYLGHJUDQGPRGqOH[PPSLqFHV
&RQQH[LRQjO
HDX
*)  V\VWqPHGH=OWUDJHDQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W
*)  FDUWRXFKHGH=OWUDJHGHUHFKDQJHSRXU*)
*=  UDOORQJHSRXUDUULYpHHWpYDFXDWLRQG
HDX ORQJXHXUP

‡/LYUpGHVpULH
঑$FFHVVRLUHVSpFLDO
)RXUV6pULH 

%0%0 &0 '9 :6 :6


%0%0 '9 :6
)RXUFRPELQpPLFURRQGHV 0DFKLQHjFDIpWRXWDXWRPDWLTXH 7LURLUPLVHVRXVYLGH 7LURLUFKDXIIDQW 7LURLUFKDXIIDQW





)RXUV6pULH

7\SHG
DSSDUHLO )RXUGRXEOH )RXU
&KDUQLqUHVjGURLWHJDXFKH %;%; %2%2
3RUWHSOHLQYHUUHVXULQR[ %; %2
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3 PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH(>FLHQFHpQHUJpWLTXH VHORQQRUPHV(8(1HW
9ROXPHXWLOH O SDUFRPSDUWLPHQWGHFXLVVRQ 
'LPHQVLRQVLQWpULHXUHV/[+[3 FP [[ [[
&ODVVHG
HZFDFLWppQHUJpWLTXHHQ&KDOHXUWRXUQDQWH(FR $SDUFRPSDUWLPHQWGHFXLVVRQ $
,QGH[(ZFLHQFH(QHUJpWLTXH ((, HQKDXWHQEDV 
&RQVRPPDWLRQ6ROH9R€WH N:K SDUFRPSDUWLPHQWGHFXLVVRQ 
&RQVRPPDWLRQ&KDOHXUWRXUQDQWH(FR N:K HQKDXWHQEDV 
6RXUFHG
pQHUJLH (OHFWULTXH (OHFWULTXH
0RGHVGHFXLVVRQ
3ODJHGHWHPSpUDWXUH ƒ& ² ²
&KDOHXUWRXUQDQWH&KDOHXUWRXUQDQWH(FR9R€WH6ROH ‡‡‡ ‡‡‡
9R€WH6ROH&KDOHXUWRXUQDQWH6ROH ‡‡‡ ‡‡‡
9R€WH6ROH ‡ ‡
9R€WH6ROH ‡ ‡
&KDOHXUWRXUQDQWH6ROH ‡ ‡
*ULOJUDQGHVXUIDFH$LUYHQWLOp ‡ ‡
*ULOJUDQGHVXUIDFH ‡ ‡
*ULO(FR ‡ ‡
&XLVVRQVXUSLHUUHjSDLQHWjSL]]DV ‡ ‡
&XLVVRQGDQVIDLWRXWHQIRQWH ‡ ‡
(WXYH'pFRQJpODWLRQ0DLQWLHQDXFKDXG ‡‡‡ ‡‡‡
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡ ‡
0RGXOHGHFRPPDQGHKDXWFHQWUDOEDV ²‡² ‡²²
2XYHUWXUHDXWRPDWLTXHGHSRUWH ² ‡
$ZFKDJHWH[WHFODLU 1EGHODQJXHV  
5HFHWWHVSHUVRQQHOOHV ² 
3RUWHjRXYHUWXUHODWpUDOH ƒ  
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡ ‡
6RQGHWKHUPRPpWULTXHDPRYLEOHjSRLQWVGHPHVXUH ‡ VHXOHPHQWHQEDV ‡
3URJUDPPHVDXWRPDWLTXHV ² ‡
7RXUQHEURFKH ‡ VHXOHPHQWHQEDV ‡
3ULVHSRXUSLHUUHjSDLQHWjSL]]DV ‡ ‡
)RQFWLRQVDLVLUGDQVIDLWRXW ‡ ‡
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡ ‡
3UpFKDXWDJHUDSLGH ‡ ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHULHFKURQRPqWUH ‡ ‡
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡ ‡
(FODLUDJHKDORJqQHYR€WH : SDUFRPSDUWLPHQWGHFXLVVRQ 
(FODLUDJHKDORJqQHODWpUDO : SDUFRPSDUWLPHQWGHFXLVVRQ [
1LYHDX[GHFXLVVRQ 1E  
+RPH&RQQHFWYLD/$1RX:L)L ² ‡ó
$FFHVVRLUHV
7{OHjSkWLVVHULHpPDLOOpH SDUFRPSDUWLPHQWGHFXLVVRQ 
7DLOOHGHODSOXVJUDQGHW{OHGHFXLVVRQ  FPò  
*ULOOH SDUFRPSDUWLPHQWGHFXLVVRQ 
/qFKHIULWHpPDLOOp*ULOOHSRXU/qFKHIULWH SDUFRPSDUWLPHQWGHFXLVVRQ 
/qFKHIULWHHQYHUUH ² ²
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXHDYHFSOXVLHXUVYLWUHV YLWUHV YLWUHV
6pFXULWpHQIDQWV9HUURXLOODJHSRUWH&RXSXUHGHVpFXULWp ‡²‡ ‡‡‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡ ‡
1HWWR\DJH
$XWRQHWWR\DJHSDUS\URO\VH ‡ ‡
(PDLOEOHX*DJJHQDX ‡ ‡
&DWDO\VHXUpOHFWULTXHGHIXPpHVSXUL=DQWO
DLUUHMHWp ‡ ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKHò$FFHVVRLUHHQRSWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
)RXUV6pULH 

)RXU )RXU )RXU


%2%2 %2%2 %2%2
%2 %2 %2
%2 %2

  
[[ [[ [[
  
[[ [[ [[
  

  
[[ [[ [[
$ $ $
  
  
  
(OHFWULTXH (OHFWULTXH (OHFWULTXH

² ² ²


‡‡‡ ‡‡‡ ‡‡‡
‡‡‡ ‡‡‡ ‡‡‡
‡ ² ²
‡ ² ²
‡ ² ²
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ²
‡ ‡ ‡
‡ ‡ ²
‡‡‡ ‡‡² ²²²

‡ ‡ ‡
‡²² ‡²² ‡²²
‡ ‡ ‡
  
  
  

‡ ‡ ‡
‡ ‡ ²
‡ ‡
‡ ² ²
‡ ‡ ‡
‡ ‡ ²
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
  
[  ²
  
‡ó ‡ó ‡ó

  
  
  
 %$òò %$òò
  

YLWUHV YLWUHV YLWUHV


‡‡‡ ‡‡‡ ‡‡‡
‡ ‡ ‡

‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡

  


)RXUVFRPELYDSHXU6pULH

7\SHG
DSSDUHLO )RXU&RPELYDSHXU )RXU&RPELYDSHXU
&KDUQLqUHVjGURLWHjJDXFKH %6%6 %6%6
3RUWHSOHLQYHUUHVXULQR[ %6%6 %6%6
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH %6%6
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH(IILFLHQFHpQHUJpWLTXH VHORQQRUPH(8(1(7
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
&ODVVHG
HZFLHQFHpQHUJpWLTXHHQ&KDOHXUWRXUQDQWHG
KXPLGLWp $ $
,QGH[(ZFLHQFH(QHUJpWLTXH ((,  
&RQVRPPDWLRQHQ&KDOHXUWRXUQDQWHG
KXPLGLWp N:K  
6RXUFHG
pQHUJLH PLQ (OHFWULTXH (OHFWULTXH
0RGHVGHFXLVVRQ
3ODJHGHWHPSpUDWXUH ƒ& ² ²
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&XLVVRQEDVVHWHPSpUDWXUH ‡ ‡
&XLVVRQVRXVYLGH ‡ ‡
*ULOJUDQGHVXUIDFHQLYHDXKXPLGLWp ‡ ‡
*ULOJUDQGHVXUIDFHQLYHDXKXPLGLWp ‡ ‡
*ULOJUDQGHVXUIDFH$LUYHQWLOp ‡ ‡
)HUPHQWDWLRQ ‡ ‡
'pFRQJpODWLRQ ‡ ‡
5pJpQpUDWLRQ ‡ ‡
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡ ‡
0RGXOHGHFRPPDQGHKDXWEDV ²‡ ‡²
2XYHUWXUHDXWRPDWLTXHGHSRUWH ‡ ‡
$ZFKDJHWH[WHFODLU 1EGHODQJXHV  
5HFHWWHVSHUVRQQHOOHV  
3RUWHjRXYHUWXUHODWpUDOH ƒ ƒ ƒ
&DUDFWpULVWLTXHV
9DSHXUVDQVSUHVVLRQ ‡ ‡
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡ ‡
*ULOJUDQGHVXUIDFHGHUULqUHYLWURFpUDPLTXH :  
(OLPLQDWLRQGHODYDSHXUYDSRULVDWLRQG
KXPLGLWp ‡‡ ‡‡
6RQGHWKHUPRPpWULTXHjSRLQWVGHPHVXUH ‡ ‡
3URJUDPPHVDXWRPDWLTXHV ‡ ‡
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡ ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHULHFKURQRPqWUH ‡ ‡
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡ ‡
'pWHFWLRQDXWRPDWLTXHGXSRLQWG
pEXOOLWLRQ ‡ ‡
$ZFKDJHFDSDFLWpGHODFDUWRXFKHGH=OWUDJH ‡ ‡
&DSDFLWpGXUpVHUYRLUG
HDXDYHUWLVVHPHQWQLYHDXPLQLPXP O ²² ²²
(FODLUDJHODWpUDO/(' : [ [
1LYHDX[GHFXLVVRQLQWpULHXULQR[ 1E ‡ ‡
+RPH&RQQHFWYLD/$1RX:L)Ló ‡ ‡
$FFHVVRLUHV
7DLOOHGXSOXVJUDQGSODWGHFXLVVRQ FPò  
*ULOOH  
5pFLSLHQWGHFXLVVRQLQR[PPSHUIRUpQRQSHUIRUp  
&DUWRXFKHVGHQHWWR\DJH  
7DEOHWWHVGHGpWDUWUDJH ò ò
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXHDYHFSOXVLHXUVYLWUHV YLWUHV YLWUHV
6pFXULWpHQIDQW9HUURXLOODJHGHSRUWH&RXSXUHGHVpFXULWp ‡‡‡ ‡‡‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡ ‡
1HWWR\DJH
3URJUDPPHGHQHWWR\DJH ‡ ‡
3URJUDPPHGHGpWDUWUDJHSURJUDPPHGHVpFKDJH ‡‡ ‡‡
6pFKDJHDXWRPDWLTXHjOD=QGXSURJUDPPHGHFXLVVRQ ‡ ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  
5DFFRUGHPHQWGLUHFWDUULYpHHWpYDFXDWLRQG
HDX ‡ ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUGHO
DSSDUHLOGDQVODQLFKHò5pIpUHQFHSLqFHGpWDFKpHRQOLQH
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
)RXUV6pULH 

)RXU&RPELYDSHXU )RXU&RPELYDSHXU )RXU&RPELYDSHXU


%6%6 %6%6 %6%6
%6%6 %6%6 %6%6
%6%6 %6%6 %6%6

  
[[ [[ [[
  
[[ [[ [[
  

  
[[ [[ [[
$ $ $
  
  
(OHFWULTXH (OHFWULTXH (OHFWULTXH

² ² ²


‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡

‡ ‡ ‡
²‡ ‡² ²‡
‡ ‡ ‡
  
  
ƒ ƒ ƒ

‡ ‡ ‡
‡ ‡ ‡
 ² ²
‡‡ ²‡ ²‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ‡ ‡
‡ ² ²
²² ‡ ‡
[ [ [
‡ ‡ ‡
‡ ‡ ‡

  


  
  
  
ò ò ò

YLWUHV YLWUHV YLWUHV


‡‡‡ ‡‡‡ ‡‡‡
‡ ‡ ‡

‡ ‡ ‡
‡‡ ‡‡ ‡‡
‡ ‡ ‡

  


‡ ² ²
)RXUVPLFURRQGHVFRPELQp6pULH

7\SHG
DSSDUHLO )RXUFRPELQpPLFURRQGHV )RXUFRPELQpPLFURRQGHV )RXUFRPELQpPLFURRQGHV
&KDUQLqUHVjGURLWHjJDXFKH %0%0 %0%0 %0%0
3RUWHSOHLQYHUUHVXULQR[ %0 %0 %0
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH %0 %0
'LPHQVLRQV
/DUJHXU FP   
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[ [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP   
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[ [[
3RLGVQHW NJ   
9ROXPH
9ROXPHXWLOH O   
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[ [[
0RGHVGHFXLVVRQ
3XLVVDQFHPD[LPXPGXPLFURRQGHV :   
1LYHDX[GHSXLVVDQFHGXPLFURRQGHV 1E   
&KDOHXUWRXUQDQWHDYHFUpJXODWLRQGHWHPSpUDWXUH ƒ& ² ² ²
*ULOJUDQGHVXUIDFHFKDOHXUWRXUQDQWHDYHFUpJXODWLRQ
ƒ& ² ² ²
GHWHPSpUDWXUH
*ULOJUDQGHVXUIDFHDLUYHQWLOpDYHFUpJXODWLRQGHWHPSpUDWXUH ƒ& ² ² ²
*ULOJUDQGHVXUIDFHTXDUW]DYHFQLYHDX[G
LQWHQVLWp 1E   
3XLVVDQFHPD[LPXPGXJULO :   
3XLVVDQFHHQFKDOHXUWRXUQDQWH :   
3XLVVDQFHPD[LPXPGXPLFURRQGHVHQFRPELQDLVRQ
:   
DYHFJULOHWIRXU
2SpUDWLRQVpTXHQFpHVMXVTX
jPRGHVLQFO
‡ ‡ ‡
3URJUDPPDWLRQG
RSpUDWLRQFRPELQpHVHWWHPSVGHUHSRV
3URJUDPPHVDXWRPDWLTXHVVHORQOHSRLGV 1E   
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡ ‡ ‡
0RGXOHGHFRPPDQGHKDXWEDV ‡² ‡² ²‡
2XYHUWXUHDXWRPDWLTXHGHSRUWH ‡ ‡ ‡
1EGH
$ZFKDJHWH[WHFODLU   
ODQJXHV
5HFHWWHVSHUVRQQHOOHV   
3RUWHjRXYHUWXUHODWpUDOH ƒ ƒ ƒ
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡ ‡ ‡
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡ ‡ ‡
3UpFKDXWDJHUDSLGH ‡ ‡ ‡
6\VWqPH,QQRZDYH ‡ ‡ ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHULHFKURQRPqWUH ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡ ‡ ‡
(FODLUDJHLQWpULHXUODWpUDO :   
1LYHDX[GHFXLVVRQ 1E   
$FFHVVRLUHV
3ODWHDXYHUUH ‡ ‡ ‡
*ULOOH ‡ ‡ ‡
7LJHHQYHUUH ‡ ‡ ‡
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXH ‡ ‡ ‡
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp ‡‡ ‡‡ ‡‡
7ULSOHVpFXULWpGHSRUWH ‡ ‡ ‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡ ‡ ‡
1HWWR\DJH
3DURLDUULqUHHQpPDLOFDWDO\WLTXH ‡ ‡ ‡
,QWpULHXULQR[DYHFVROHHQYLWURFpUDPLTXH ‡ ‡ ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:   

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUGHO
DSSDUHLOGDQVODQLFKH
0DFKLQHjFDIpH[SUHVVRWRXWDXWRPDWLTXH6pULH )RXUV6pULH 

7\SHG
DSSDUHLO 0DFKLQHH[SUHVVRWRXWDXWRPDWLTXH
3RUWHSOHLQYHUUHVXULQR[ &0
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH &0
'LPHQVLRQV
/DUJHXU FP 
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP 
'LPHQVLRQVGHODQLFKH/[+[3 PP [[
3RLGVQHW NJ 
7\SHGHERLVVRQ
5LVWUHWWR[5LVWUHWWR
([SUHVVR[([SUHVVR
([SUHVVR0DFFKLDWR[([SUHVVR0DFFKLDWR
&DIp[&DIp
$PpULFDQR[$PpULFDQR
&DIp/DWWH[&DIp/DWWH
/DWWH0DFFKLDWR[/DWWH0DFFKLDWR
&DSSXFLQR[&DSSXFLQR
)ODW:KLWH[)ODW:KLWH
0RXVVHGHODLW[0RXVVHGHODLW
/DLWFKDXG[/DLWFKDXG
(DXFKDXGH[(DXFKDXGH
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡
0RGXOHGHFRPPDQGHKDXW ‡
2XYHUWXUHDXWRPDWLTXHGHSRUWH ‡
$ZFKDJHWH[WHFODLU 1EGHODQJXHV 
)RQFWLRQVERLVVRQVSHUVRQQDOLVDEOHVHWPpPRULVDEOHV 1E 
5pJODJHSRVVLEOHGHVWDLOOHVGHWDVVHV 1E 
1LYHDX[G
LQWHQVLWpGXFDIp 1E 
1LYHDX[GHWHPSpUDWXUHSRXUOHFDIp 1E 
1LYHDX[GHWHPSpUDWXUHSRXUO
HDXFKDXGH ƒ& 
&KRL[GHODTXDQWLWpGHODLW ‡
%XVHGHVRUWLHGXFDIpUpJODEOHHQKDXWHXU FP 
5pJODJHVGHEDVHSURJUDPPpV
3RVVLELOLWpG
pFODLUDJH 1E 
8QLWpGHPHVXUH POYR] ‡
5pJODJHW\SHHWWDLOOHGHERLVVRQGpVLUpHVHORQODWDLOOHGHODWDVVH ‡
0LVHHQYHLOOH PLQK PLQjK
'XUHWpGHO
HDX 1EGHQLYHDX[ V\VWqPHG
DGRXFLVVHXUG
HDX
)LOWUHjHDX ‡
&DUDFWpULVWLTXHV
7HFKQRORJLH$URPDSHUPHWWDQWGHGpJDJHUWRXWO
DU{PHGXFDIp ‡
%UR\HXUFpUDPLTXH ‡
$MXVWHPHQWDXWRPDWLTXHGHODTXDQWLWpGHFDIpPRXOX ‡
&KDXWHHDX ‡
3RPSHjHDX EDU 
'LVWULEXWHXUDYHFV\VWqPHGHODLWLQWpJUp ‡
5pVHUYRLUjODLWLVROp O 
5pVHUYRLUjJUDLQV J 
&RPSDUWLPHQWVpSDUpSRXUDXWUHW\SHGHFDIp ‡
5pJODJHGXGHJUpGHPRXWXUH ‡
9ROXPHGXFRPSDUWLPHQWG
DMXVWHPHQWDXWRPDWLTXH J j
GHODTXDQWLWpGHFDIp
)RQFWLRQGRXEOHGRVHSRXUERLVVRQVH[WUDIRUWH ‡
)RQFWLRQGRXEOHPRXWXUHHWGRXEOHpEXOOLWLRQGHO
HDXSRXUOHVERLVVRQVSDU ‡
5pVHUYRLUG
HDXDPRYLEOH O 
&DUWRXFKHGH=OWUDJHSRXUOHUpVHUYRLUG
HDX 
6\VWqPHGHQHWWR\DJH6LQJOH3RUWLRQ&OHDQLQJDSUqVFKDTXHXWLOLVDWLRQ ‡
$ZFKDJHpOHFWURQLTXHSRXUOHUHPSODFHPHQWGX=OWUHjHDX ‡
&RQWU{OHpOHFWURQLTXHGXWDX[GHUHPSOLVVDJHGHVUpVHUYRLUVG
HDXHWGHFDIp ‡
&RQWU{OHpOHFWURQLTXHGXWDX[GHUHPSOLVVDJHGHVEDFV
‡
UpFXSpUDWHXUGXPDUFGHFDIpHWG
HDX
(FODLUDJH/('LQWpJUp ‡
6pFXULWp
6pFXULWpHQIDQW ‡‡
1HWWR\DJH
3URJUDPPHDXWRPDWLTXHGHULQoDJHORUVGHODPLVHHQURXWHjO
DUUrW ‡‡
3URJUDPPHDXWRPDWLTXHUDSLGHGHULQoDJHGXV\VWqPHjODLW ‡
3URJUDPPHDXWRPDWLTXHGHQHWWR\DJHHWGHGpWDUWUDJH ‡
3URJUDPPHDXWRPDWLTXHGHQHWWR\DJH ‡
3URJUDPPHDXWRPDWLTXHGHGpWDUWUDJH ‡
&KDPEUHGHFRPSUHVVLRQ ‡
%DFVGHUpFXSpUDWLRQGXPDUFGHFDIpHWG
HDXODYDEOHDXODYHYDLVVHOOH ‡
0RXVVHXUGHODLWODYDEOHDXODYHYDLVVHOOH ‡
3URJUDPPHGHYLGDQJHSRXUSUpSDUHUO
DSSDUHLOSRXUOHVYDFDQFHVRXOHWUDQVSRUW ‡
)RQFWLRQYLGDQJHGXUpVHUYRLUjJUDLQVSRXUFKDQJHPHQWGHW\SHGHFDIp ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N: 
‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUGHO
DSSDUHLOGDQVODQLFKH
7LURLUGHPLVHVRXVYLGH6pULH

7\SHG
DSSDUHLO 7LURLUPLVHVRXVYLGH 7LURLUPLVHVRXVYLGH
)DoDGHSOHLQYHUUHVXULQR[ '9
)DoDGHSOHLQYHUUH*DJJHQDX$QWKUDFLWH '9
7RXWLQWpJUDEOHIDoDGHKDELOODEOHPHXEOHGHFXLVLQHSUpYRLUSRLJQpHRXSRLJQpHLQWpJUpH '9
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
7DLOOHPD[LPDOHGHVVDFVGHPLVHVRXVYLGH/[O PP [ [
)RQFWLRQV
1LYHDX[GHPLVHVRXVYLGH PD[  PD[ 
1LYHDX[GHWKHUPRVRXGXUH  
0LVHVRXVYLGHGHVDFVHWFRQWHQDQWV ‡ ‡
0LVHVRXVYLGHGHUpFLSLHQWVHWGHERXWHLOOHV ‡ ‡
0LVHVRXVYLGHGHOLTXLGH ‡ ‡
3URJUDPPHGHVpFKDJHGHODSRPSH ‡ ‡
$ODUPHGHG\VIRQFWLRQQHPHQW ‡ ‡
%DQGHDXGHFRPPDQGH
&RPPDQGHjWRXFKHVVHQVLWLYHV ‡ ‡
7LURLUVDQVSRLJQpH ‡ ‡
3RLJQpHHQFDVWUpH ‡ ‡
2XYHUWXUHDYHFV\VWqPHSXVKWRRSHQ ² ²
)HUPHWXUHGRXFH ‡ ‡
&DUDFWpULVWLTXHV
&RPSDUWLPHQWGHPLVHVRXVYLGHHQLQR[ ‡ ‡
&KDUJHPD[LPDOH NJ  
+DXWHXUXWLOH PP  
&RXYHUFOHHQYHUUHGHVpFXULWp ‡ ‡
%DUUHGHWKHUPRVRXGXUHDQWLDGKpUHQWHDPRYLEOH ‡ ‡
5pKDXVVHXU ‡ ‡
$GDSWDWHXUDYHFWX\DXSRXUPLVHVRXVYLGHHQGHKRUVGXFRPSDUWLPHQW ‡ ‡
'LPHQVLRQGHODVXUIDFHXWLOHGDQVOHFRPSDUWLPHQW/[O PP [ [
0HPEUDQHDQWLUHWRXUGXOLTXLGHSRXUPLVHVRXVYLGHGDQVFRQWHQDQWVH[WHUQHV ‡ ‡
6DFVGHPLVHVRXVYLGHSHWLWPRGqOHPP[PP SLqFHV  
6DFVGHPLVHVRXVYLGHJUDQGPRGqOHPP[PP SLqFHV  
%RXFKRQVGHPLVHVRXVYLGHSRXUERXWHLOOHV SLqFHV  
$GDSWDWHXUSRXUERXFKRQVSRXUPLVHVRXVYLGHGHERXWHLOOHV ‡ ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUGHO
DSSDUHLOGDQVODQLFKH
7LURLUVFKDXIIDQWV6pULH )RXUV6pULH 

7\SHG
DSSDUHLO 7LURLUFKDXIIDQW 7LURLUFKDXIIDQW 7LURLUFKDXIIDQW
)DoDGHSOHLQYHUUHVXULQR[ :6 :6 :6
)DoDGHSOHLQYHUUH*DJJHQDX$QWKUDFLWH :6 :6
'LPHQVLRQV
/DUJHXU FP   
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[ [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGHO
DSSDUHLO PP   
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[ [[
3RLGVQHW NJ   
9ROXPH
9ROXPHXWLOH O   
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[ [[
&DSDFLWpYDLVVHOOHSRXUXQPHQXDYHFDVVLHWWHVGLDPFP
1EUH
HWEROVjVRXSHVDODGLHUVVXSSOpPHQWDLUHVHWXQSODWGHVHUYLFH   
GHSHUVRQQHV
VHORQWDLOOHGHODYDLVVHOOH
0RGHVGHFXLVVRQ
'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH ‡ ‡ ‡
3UpFKDXWDJHGHSHWLWVFRQWHQDQWVSRXUERLVVRQV ‡ ‡ ‡
0DLQWLHQDXFKDXG&XLVVRQEDVVHWHPSpUDWXUHG
DOLPHQWV ‡ ‡ ‡
3UpFKDXWHUODYDLVVHOOHSODWV ‡ ‡ ‡
9HQWLODWHXUUpVLVWDQFHGHVROH ‡ ‡ ‡
1LYHDX[GHUpJODJHDYHFWHPSpUDWXUHVGHƒ&jƒ& VROH QLYHDX[GHSXLV
  
HQYHUUH VDQFH
&RPPDQGH
&RPPDQGHSDUERXWRQURWDWLI ‡ ‡ ‡
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQWVXUODIDoDGHHQYHUUH ‡ ‡ ‡
7LURLUVDQVSRLJQpH ‡ ‡ ‡
3RLJQpHHQFDVWUpH ‡ ‡ ‡
)HUPHWXUHGRXFH ‡ ‡ ‡
&DUDFWpULVWLTXHV
(FODLUDJHLQWpULHXUOXPLQHX[ ‡ ‡ ‡
&KDUJHPD[LPDOH NJ   
,QWpULHXUHQLQR[DYHFVROHHQYHUUH ‡ ‡ ‡
9HQWLODWLRQLQWpJUpHXQHUpSDUWLWLRQKRPRJqQHGHODFKDOHXUHW
‡ ‡ ‡
XQSUpFKDXWDJHSOXVUDSLGH
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:   

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKH


)RXUV6pULH
)RXUV6pULH

9XHG·HQVHPEOHGHVFRPELQDLVRQVG·DSSDUHLOVGHOD6pULH 
)RXUV6pULH 
)RXUVFRPELYDSHXU6pULH 
)RXUVYDSHXU6pULH 
)RXUVPLFURRQGHVFRPELQpV6pULH 
)RXUVPLFURRQGHV6pULH 
0DFKLQHVjFDIpH[SUHVVRWRXWDXWRPDWLTXH6pULH 
7LURLU6RXV9LGH6pULH 
7LURLUVFKDXIIDQWV6pULH 
$FFHVVRLUHV6pULH 
'RQQpHVWHFKQLTXHV6pULH 
9XHG·HQVHPEOHGHVFRPELQDLVRQVG·DSSDUHLOV6pULH

7RXWHVOHVFRPELQDLVRQVSUpVHQWpHVVRQWGLVSRQLEOHVGDQVFHVFRORULV

&LFRQWUHOHVSULQFLSDOHV
FRPELQDLVRQVSHUPHWWDQWXQH
FRPELQDLVRQSDUIDLWHGHVIRXUV
IRXUVYDSHXUVHWFRPELYDSHXU
IRXUVPLFURRQGHVHWPLFURRQGHV
FRPELQpVPDFKLQHVjFDIpWLURLUV
FKDXIIDQWVWLURLUVGHPLVHVRXVYLGH
HWODYHYDLVVHOOH
*DJJHQDX$QWKUDFLWH *DJJHQDX0HWDOOLF *DJJHQDX6LOYHU
(QFDVGHSOXVLHXUVDOWHUQDWLYHV
%63%03 ODSKRWRFRUUHVSRQG
jODqUHUpIpUHQFHFLWpH

&RPELQDLVRQG·DSSDUHLOVHQFRORQQH &RPELQDLVRQVG
DSSDUHLOVHQFRORQQHODUJHXUFP
/RUVGHO·LPSODQWDWLRQHWGHOD
FRPPDQGHYHLOOHUj

೉ /HVHQVG·RXYHUWXUHGHODSRUWH
GRLWrWUHLGHQWLTXH
೉ /HVFKDUQLqUHVGHODSRUWHQHVRQW
SDVUpYHUVLEOHV FKDUQLqUHVjGURLWH
FKDUQLqUHVjJDXFKH 
೉ $XFXQDSSDUHLOQHSHXWrWUH
LQVWDOOpDXGHVVXVG·XQ%63
೉ $XGHVVXVG·XQ')LQVWDOOHU
XQLTXHPHQWXQDSSDUHLODYHF
PRGXOHGHFRPPDQGHKDXW
/HVDSSDUHLOVLQVWDOOpVDXGHVVXV
GX')QpFHVVLWHQWXQHQLFKHGHODU
JHXUFP/DODUJHXUGHODQLFKH
GXODYHYDLVVHOOHHVWGHFP

&RPELQDLVRQG·DSSDUHLOVF{WHjF{WH
/RUVGHO·LPSODQWDWLRQHWGHOD
‡%63%03 ‡%03
FRPPDQGHYHLOOHUj
‡%23߹߹ ‡%23߹߹
‡:63 ‡:63
೉ /HVFKDUQLqUHVGHVSRUWHVSHXYHQW
rWUHRSSRVpHVRXF{WHjF{WHVDQV
HQWUDYHUO·DQJOHG·RXYHUWXUHGHOD
SRUWH
೉ /HVFKDUQLqUHVGHODSRUWHQHVRQW
SDVUpYHUVLEOHV FKDUQLqUHVjGURLWH
FKDUQLqUHVjJDXFKH 
೉ 8QHVSDFHG·DXPLQLPXPPP
HVWQpFHVVDLUHHQWUHOHVSRUWHV
೉ /HVIRXUVYDSHXUIRXUVFRPEL
YDSHXUIRXUVPLFURRQGHVIRXUV
PLFURRQGHVFRPELQpVHWPDFKLQHV
jFDIpLQVWDOOpVDXGHVVXVG·XQ
WLURLUFKDXIIDQW KDXWHXUFP 
RQWODPrPHKDXWHXUTX·XQIRXUGH
ODUJHXUFP

%23)RXU
%63)RXUYDSHXU ‡%63%03 ‡%03%63߹߹ ‡%03
RXIRXUFRPELYDSHXU ‡%03 ‡&03 ‡&03
%03)RXUPLFURRQGHV ‡:63 ‡:63 ‡:63
RXIRXUPLFURRQGHVFRPELQp
&030DFKLQHjFDIpWRXWDXWRPDWLTXH
'93 7LURLUPLVHVRXVYLGH
:637LURLUFKDXIIDQW
')/DYHYDLVVHOOH

‡%23߹߹ ‡%63%03 ‡&03


‡') ‡') ‡')
)RXUV6pULH 

&RPELQDLVRQVG
DSSDUHLOVF{WHjF{WHODUJHXUFP

‡%23߹߹ ‡%23߹߹ ‡%2߹߹ ‡%63%03 ‡%23 ‡&03


‡:63'93 ‡:63'93

‡%63%03 ‡%03%63߹߹ ‡%03%63߹߹ ‡&03


‡:63'93 ‡'93:63 ‡'93:63 ‡:63'93

‡%23 ‡&03 ‡%63%03 ‡%03%63߹߹ ‡&03 ‡%63%03


‡:63'93 ‡'93:63 ‡:63'93 ‡'93:63 ‡:63'93

&RPELQDLVRQVG
DSSDUHLOVHQFDUUpDYHFWLURLUFKDXIIDQWODUJHXUFP

‡%23߹߹ ‡%63%03 ‡%03%63߹߹


‡'93:63 ‡:63'93

‡%63%03 ‡%03%63߹߹
‡%23߹߹ ‡&03
‡:63'93
)RXU6pULH %$    ࡱ 1HWWR\DJH
%23 %23  3LHUUHjSDLQHWj  ࡱ+7 $XWRQHWWR\DJHSDUS\URO\VH
SL]]DV (PDLOEOHX*DJJHQDX
² ,QVWDOODWLRQjIOHXU &RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D &DWDO\VHXUpOHFWULTXHGHIXPpHV
² $XWRQHWWR\DJHS\URO\VH FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW SXULILDQWO
DLUUHMHWp
² PRGHVGHFXLVVRQDYHFVRQGH 1
HVWSDVFRPELQDEOHDYHFOHV\WqPH
WKHUPRPpWULTXHHWIRQFWLRQSLHUUH GHUDLOWpOHVFRSLTXH &RQVHLOVG
LQVWDOODWLRQ
jSDLQHWjSL]]DV %$    ࡱ &KDUQLqUHVQRQUpYHUVLEOHV
² 3URJUDPPHVDXWRPDWLTXHV /qFKHIULWHpPDLOOpH  ࡱ+7 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
² 6RQGHWKHUPRPpWULTXHDYHF 3URIRQGHXUPP YLWUHDYDQWGHO
DSSDUHLOPP
HVWLPDWLRQGXWHPSVGHFXLVVRQ %6    ࡱ 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
² (FUDQ7)7VHQVLWLI 3HOOHjSL]]DVHWGH  ࡱ+7 OHERUGH[WpULHXUGHODSRLJQpHPP
² $SSDUHLOVDQVEDQGHDXGH *1    ࡱ (FDUWODWpUDOHQWUHODSRUWHGXIRXU
FRPPDQGHDYHFPRGXOHGH )DLWRXW*DVWUR1RUP  ࡱ+7 HWODIDoDGHGXPHXEOHPLQPP
FRPPDQGHVXUODSRUWHYLWUpH HQIRQWHG
DOXPLQLXP 7HQLUFRPSWHGXGpERUGHPHQWSRLJQpH
0RGXOHGHFRPPDQGHKDXW ² 5pJXODWLRQpOHFWURQLTXHGHOD *1KDXWHXUPPDQWLDGKpUHQW FRPSULVHSRXUO
RXYHUWXUHGHWLURLUVODWpUDX[
&KDUQLqUHVjGURLWH WHPSpUDWXUHGHƒ&jƒ& (QFDVG
LQVWDOODWLRQGDQVXQDQJOHWHQLU
%23    ࡱ ² 9ROXPHXWLOHOLWUHV FRPSWHGHO
DQJOHG
RXYHUWXUHGHƒ
3RUWHSOHLQYHUUH  ࡱ+7 ² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ 3RXUXQHLQVWDOODWLRQVRXVSODQVRXV
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ODWDEOHGHFXLVVRQUHVSHFWHUXQH
+RPH&RQQHFW 0RGHVGHFXLVVRQ GLVWDQFHPLQLGHPPHQWUHOHGHVVRXV
/DUJHXUFP &KDOHXUWRXUQDQWH GHODWDEOHGHFXLVVRQHWOHGHVVXVGXIRXU
%23    ࡱ &KDOHXUWRXUQDQWH(FR 5HVSHFWHUOHVSUpFRQLVDWLRQV
3RUWHSOHLQYHUUH  ࡱ+7 9R€WH6ROH G
LQVWDOODWLRQGHVWDEOHVGHFXLVVRQ
6pULJUDSKLH0HWDOOLF*DJJHQDX 9R€WH QRWDPPHQWOHVLQVWUXFWLRQVGH
+RPH&RQQHFW 6ROH YHQWLODWLRQGHUDFFRUGHPHQWJD]
/DUJHXUFP &KDOHXUWRXUQDQWH6ROH pOHFWULTXH 
%23    ࡱ *ULOJUDQGHVXUIDFH$LUYHQWLOp 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
3RUWHSOHLQYHUUH  ࡱ+7 *ULOJUDQGHVXUIDFH GHPPSRVLWLRQQHUOHFkEOHGH
6pULJUDSKLH6LOYHU*DJJHQDX &RPSDFW*ULO UDFFRUGHPHQWGDQVO
DQJOHGHO
DSSDUHLO
+RPH&RQQHFW &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV /DSULVHGHUDFFRUGHPHQWGRLWrWUH
/DUJHXUFP &XLVVRQGDQVIDLWRXWHQIRQWH SODFpHHQGHKRUVGHODQLFKH
(WXYH G
HQFDVWUHPHQW
&KDUQLqUHVjJDXFKH 'pFRQJpODWLRQ /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUHGH
%23    ࡱ O
DSSDUHLOHQKDXWjGURLWH
3RUWHSOHLQYHUUH  ࡱ+7 %DQGHDXGHFRPPDQGH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX &RPPDQGHSDUERXWRQVURWDWLIVHW &RQVHLOVG
LQVWDOODWLRQSRXUO
LQWpJUDWLRQ
+RPH&RQQHFW pFUDQ7)7VHQVLWLI HQSDJHV
/DUJHXUFP $IILFKDJHWH[WHFODLU
%23    ࡱ 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV 9DOHXUVGHUDFFRUGHPHQW
3RUWHSOHLQYHUUH  ࡱ+7 LQFOXDQWODVRQGHWKHUPRPpWULTXH  &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
6pULJUDSKLH0HWDOOLF*DJJHQDX 3HUVRQQDOLVDWLRQGHVSURJUDPPHV XQHFODVVLILFDWLRQGH$j'
+RPH&RQQHFW DXWRPDWLTXHV 3XLVVDQFHWRWDOHN:
/DUJHXUFP 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
%23    ࡱ 3RUWHjRXYHUWXUHODWpUDOHƒ 3UpYRLUXQFkEOH/$1
3RUWHSOHLQYHUUH  ࡱ+7
6pULJUDSKLH6LOYHU*DJJHQDX &DUDFWpULVWLTXHV
+RPH&RQQHFW 6RQGHWKHUPRPpWULTXHSRLQWVGH
/DUJHXUFP PHVXUHDYHFDUUrWDXWRPDWLTXHHW
HVWLPDWLRQGXWHPSVGHFXLVVRQ
/HSUL[FRPSUHQG 3URJUDPPHVDXWRPDWLTXHV
 6RQGHWKHUPRPpWULTXHDPRYLEOH 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV
 W{OHjSkWLVVHULH 7KHUPRWHVW$IILFKDJHGHOD
 OqFKHIULWHHQYHUUH WHPSpUDWXUHUpHOOH
 JULOOH 3UpFKDXIIDJHUDSLGH
)RQFWLRQVGXSURJUDPPDWHXUGXUpH
$FFHVVRLUHVHQRSWLRQ GHODFXLVVRQILQGHODFXLVVRQ
%$    ࡱ PLQXWHULHFKURQRPqWUHPLQXWHULH
5DLOWpOHVFRSLTXH  ࡱ+7 VSpFLDOHFXLVVRQORQJXHGXUpH
&DGUHVXSSRUWHQIRQWHS\URO\VDEOHHW (FODLUDJHKDORJqQHYR€WH:
V\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH 6XSSRUWVODWpUDX[pPDLOOpVS\URO\
%$    ࡱ VDEOHVDYHFQLYHDX[G
LQVHUWLRQ
7{OHjSkWLVVHULH  ࡱ+7 
pPDLOOpH ,QWpJUDWLRQGDQVOHUpVHDXGRPHVWLTXH
3URIRQGHXUPP SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW 
%$    ࡱ YLDXQFkEOH/$1 UHFRPPDQGp RXXQH
*ULOOH  ࡱ+7 FRQQH[LRQ:L)L/DGLVSRQLELOLWpGHOD
6DQVRXYHUWXUHDYHFSLHGV IRQFWLRQ+RPH&RQQHFWGpSHQGGHOD
%$    ࡱ IRQFWLRQQDOLWpGHVVHUYLFHV+RPH
/qFKHIULWHHQYHUUH  ࡱ+7 &RQQHFWGDQVOHSD\VUHVSHFWLI/HV
3URIRQGHXUPP VHUYLFHV+RPH&RQQHFWQHVRQWSDV
%$    ࡱ GLVSRQLEOHVGDQVWRXVOHVSD\V3OXV
5pVLVWDQFHSRXU  ࡱ+7 G
LQIRUPDWLRQVVXUKRPHFRQQHFWFRP
SLHUUHjSDLQHWj
SL]]DVHWIDLWRXWHQIRQWH 6pFXULWp
 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
 6pFXULWpHQIDQWV
 &RXSXUHGHVpFXULWp
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
UHIURLGLVVHPHQWGHO
DSSDUHLO

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

)RXU6pULH %$    ࡱ &RQVHLOVG


LQVWDOODWLRQ
%23 %23  /qFKHIULWHpPDLOOpH  ࡱ+7 &KDUQLqUHVQRQUpYHUVLEOHV
3URIRQGHXUPP 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
² ,QVWDOODWLRQjIOHXU %6    ࡱ YLWUHDYDQWGHO
DSSDUHLOPP
² $XWRQHWWR\DJHS\URO\VH 3HOOHjSL]]DVHWGH  ࡱ+7 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWOH
² PRGHVGHFXLVVRQDYHFIRQFWLRQ *1    ࡱ ERUGH[WpULHXUGHODSRLJQpHPP
SLHUUHjSDLQHWjSL]]DV )DLWRXW*DVWUR1RUP  ࡱ+7 (FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
² (FUDQ7)7VHQVLWLI HQIRQWHG
DOXPLQLXP IDoDGHGXPHXEOHPLQPP
² $SSDUHLOVDQVEDQGHDXGH *1KDXWHXUPPDQWLDGKpUHQW 7HQLUFRPSWHGXGpERUGHPHQW
FRPPDQGHDYHFPRGXOHGH SRLJQpHFRPSULVHSRXUO
RXYHUWXUHGH
FRPPDQGHVXUODSRUWHYLWUpH WLURLUVODWpUDX[
² 5pJXODWLRQpOHFWURQLTXHGHOD (QFDVG
LQVWDOODWLRQGDQVXQDQJOHWHQLU
WHPSpUDWXUHGHƒ&jƒ& FRPSWHGHO
DQJOHG
RXYHUWXUHGHƒ
² 9ROXPHXWLOHOLWUHV 3RXUXQHLQVWDOODWLRQVRXVSODQVRXVOD
² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ WDEOHGHFXLVVRQUHVSHFWHUXQH

0RGXOHGHFRPPDQGHKDXW GLVWDQFHPLQLGHPPHQWUHOH
&KDUQLqUHVjGURLWH 0RGHVGHFXLVVRQ GHVVRXVGHODWDEOHGHFXLVVRQHWOH
%23    ࡱ &KDOHXUWRXUQDQWH GHVVXVGXIRXU
3RUWHSOHLQYHUUH  ࡱ+7  &KDOHXUWRXUQDQWH(FR 5HVSHFWHUOHVSUpFRQLVDWLRQV
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 9R€WH6ROH G
LQVWDOODWLRQGHVWDEOHVGHFXLVVRQ
+RPH&RQQHFW 9R€WH QRWDPPHQWOHVLQVWUXFWLRQVGH
/DUJHXUFP 6ROH YHQWLODWLRQGHUDFFRUGHPHQWJD]
%23    ࡱ &KDOHXUWRXUQDQWH6ROH pOHFWULTXH 
3RUWHSOHLQYHUUH  ࡱ+7  *ULOJUDQGHVXUIDFH$LUYHQWLOp 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQW
6pULJUDSKLH0HWDOOLF*DJJHQDX *ULOJUDQGHVXUIDFH GHPPSRVLWLRQQHUOHFkEOHGH
+RPH&RQQHFW &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV UDFFRUGHPHQWGDQVO
DQJOHGHO
DSSDUHLO
/DUJHXUFP /DSULVHGHUDFFRUGHPHQWGRLWrWUH
%23    ࡱ %DQGHDXGHFRPPDQGH SODFpHHQGHKRUVGHODQLFKH
3RUWHSOHLQYHUUH  ࡱ+7  &RPPDQGHSDUERXWRQVURWDWLIVHW G
HQFDVWUHPHQW
6pULJUDSKLH6LOYHU*DJJHQDX pFUDQ7)7VHQVLWLI /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
+RPH&RQQHFW $IILFKDJHWH[WHFODLU GHO
DSSDUHLOHQKDXWjGURLWH
/DUJHXUFP 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ &RQVHLOVG
LQVWDOODWLRQSRXU
&KDUQLqUHVjJDXFKH 3RUWHjRXYHUWXUHODWpUDOHƒ O
LQWpJUDWLRQHQSDJHV
%23    ࡱ
3RUWHSOHLQYHUUH  ࡱ+7  &DUDFWpULVWLTXHV 9DOHXUVGHUDFFRUGHPHQW
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
+RPH&RQQHFW 7KHUPRWHVW$IILFKDJHGHOD XQHFODVVLILFDWLRQGH$j'
/DUJHXUFP WHPSpUDWXUHUpHOOH 3XLVVDQFHWRWDOHN:
%23    ࡱ 3UpFKDXIIDJHUDSLGH 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
3RUWHSOHLQYHUUH  ࡱ+7  )RQFWLRQVGXSURJUDPPDWHXUGXUpH 3UpYRLUXQFkEOH/$1
6pULJUDSKLH0HWDOOLF*DJJHQDX GHODFXLVVRQILQGHODFXLVVRQ
+RPH&RQQHFW PLQXWHULHFKURQRPqWUHPLQXWHULH
/DUJHXUFP VSpFLDOHFXLVVRQORQJXHGXUpH
%23    ࡱ (FODLUDJHKDORJqQHYR€WH:
3RUWHSOHLQYHUUH  ࡱ+7  6XSSRUWVODWpUDX[pPDLOOpVS\URO\
6pULJUDSKLH6LOYHU*DJJHQDX VDEOHVDYHFQLYHDX[G
LQVHUWLRQ
+RPH&RQQHFW 
/DUJHXUFP ,QWpJUDWLRQGDQVOHUpVHDX
GRPHVWLTXHSRXUVHUYLFHVGLJLWDX[
/HSUL[FRPSUHQG +RPH&RQQHFW YLDXQFkEOH/$1
 W{OHjSkWLVVHULH UHFRPPDQGp RXXQHFRQQH[LRQ:L)L
 OqFKHIULWHHQYHUUH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
 JULOOH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
$FFHVVRLUHVHQRSWLRQ SD\VUHVSHFWLI/HVVHUYLFHV+RPH
%$    ࡱ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
5DLOWpOHVFRSLTXH  ࡱ+7 WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
&DGUHVXSSRUWHQIRQWHS\URO\VDEOHHW KRPHFRQQHFWFRP
V\VWqPHWpOHVFRSLTXHVRUWLHWRWDOH
%$    ࡱ 6pFXULWp
7{OHjSkWLVVHULH  ࡱ+7 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
pPDLOOpH 6pFXULWpHQIDQWV
3URIRQGHXUPP &RXSXUHGHVpFXULWp
%$    ࡱ 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
*ULOOH  ࡱ+7 UHIURLGLVVHPHQWGHO
DSSDUHLO
6DQVRXYHUWXUHDYHFSLHGV
%$    ࡱ 1HWWR\DJH
/qFKHIULWHHQYHUUH  ࡱ+7 $XWRQHWWR\DJHSDUS\URO\VH
3URIRQGHXUPP (PDLOEOHX*DJJHQDX
%$    ࡱ &DWDO\VHXUpOHFWULTXHGHIXPpHV
5pVLVWDQFHSRXU  ࡱ+7 SXULILDQWO
DLUUHMHWp
SLHUUHjSDLQHWj
SL]]DVHWIDLWRXWHQIRQWH
%$    ࡱ
3LHUUHjSDLQHWj  ࡱ+7
SL]]DV
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH
GHUDLOWpOHVFRSLTXH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXU6pULH %$    ࡱ &RQVHLOVG
LQVWDOODWLRQ
%23 %23  7{OHjSkWLVVHULH  ࡱ+7 &KDUQLqUHVQRQUpYHUVLEOHV
pPDLOOpH 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
² ,QVWDOODWLRQjIOHXU 3URIRQGHXUPP YLWUHDYDQWGHO
DSSDUHLOPP
² PRGHVGHFXLVVRQDYHFIRQFWLRQ %6    ࡱ 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWOH
SLHUUHjSDLQHWjSL]]DV 3HOOHjSL]]DVHWGH  ࡱ+7 ERUGH[WpULHXUGHODSRLJQpHPP
² (FUDQ7)7VHQVLWLI (FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
² $SSDUHLOVDQVEDQGHDXGH IDoDGHGXPHXEOHPLQPP
FRPPDQGHDYHFPRGXOHGH 7HQLUFRPSWHGXGpERUGHPHQW
FRPPDQGHVXUODSRUWHYLWUpH SRLJQpHFRPSULVHSRXUO
RXYHUWXUHGH
² 5pJXODWLRQpOHFWURQLTXHGHOD WLURLUVODWpUDX[
WHPSpUDWXUHGHƒ&jƒ& (QFDVG
LQVWDOODWLRQGDQVXQDQJOHWHQLU
² 9ROXPHXWLOHOLWUHV FRPSWHGHO
DQJOHG
RXYHUWXUHGHƒ
² &ODVVHG
HIILFDFLWppQHUJpWLTXH$ 3RXUXQHLQVWDOODWLRQVRXVSODQVRXVOD
WDEOHGHFXLVVRQUHVSHFWHUXQH
0RGXOHGHFRPPDQGHKDXW 0RGHVGHFXLVVRQ GLVWDQFHPLQLGHPPHQWUHOH
&KDUQLqUHVjGURLWH &KDOHXUWRXUQDQWH GHVVRXVGHODWDEOHGHFXLVVRQHWOH
%23    ࡱ &KDOHXUWRXUQDQWH(FR GHVVXVGXIRXU
3RUWHSOHLQYHUUH  ࡱ+7 9R€WH6ROH 5HVSHFWHUOHVSUpFRQLVDWLRQV
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 9R€WH G
LQVWDOODWLRQGHVWDEOHVGHFXLVVRQ
+RPH&RQQHFW 6ROH QRWDPPHQWOHVLQVWUXFWLRQVGH
/DUJHXUFP &KDOHXUWRXUQDQWH6ROH YHQWLODWLRQGHUDFFRUGHPHQWJD]
%23    ࡱ *ULOJUDQGHVXUIDFH$LUYHQWLOp pOHFWULTXH 
3RUWHSOHLQYHUUH  ࡱ+7 *ULOJUDQGHVXUIDFH 3RXUXQHSURIRQGHXUG
HQFDVWUHPHQWGH
6pULJUDSKLH0HWDOOLF*DJJHQDX &XLVVRQVXUSLHUUHjSDLQHWjSL]]DV PPSRVLWLRQQHUOHFkEOHGH
+RPH&RQQHFW UDFFRUGHPHQWGDQVO
DQJOHGHO
DSSDUHLO
/DUJHXUFP %DQGHDXGHFRPPDQGH /DSULVHGHUDFFRUGHPHQWGRLWrWUH
%23    ࡱ &RPPDQGHSDUERXWRQVURWDWLIVHW SODFpHHQGHKRUVGHODQLFKH
3RUWHSOHLQYHUUH  ࡱ+7 pFUDQ7)7VHQVLWLI G
HQFDVWUHPHQW
6pULJUDSKLH6LOYHU*DJJHQDX $IILFKDJHWH[WHFODLU /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
+RPH&RQQHFW 0pPRULVDWLRQGHUHFHWWHVSHUVRQ GHO
DSSDUHLOHQKDXWjGURLWH
/DUJHXUFP QHOOHV
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ &RQVHLOVG
LQVWDOODWLRQSRXU
&KDUQLqUHVjJDXFKH 3RUWHjRXYHUWXUHODWpUDOHƒ O
LQWpJUDWLRQHQSDJHV
%23    ࡱ
3RUWHSOHLQYHUUH  ࡱ+7 &DUDFWpULVWLTXHV 9DOHXUVGHUDFFRUGHPHQW
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 3ULVHSRXUSLHUUHjSDLQHWjSL]]DV &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
+RPH&RQQHFW 7KHUPRWHVW$IILFKDJHGHOD XQHFODVVLILFDWLRQGH$j'
/DUJHXUFP WHPSpUDWXUHUpHOOH 3XLVVDQFHWRWDOHN:
%23    ࡱ 3UpFKDXIIDJHUDSLGH 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
3RUWHSOHLQYHUUH  ࡱ+7 )RQFWLRQVGXSURJUDPPDWHXUGXUpH 3UpYRLUXQFkEOH/$1
6pULJUDSKLH0HWDOOLF*DJJHQDX GHODFXLVVRQILQGHODFXLVVRQ
+RPH&RQQHFW PLQXWHULHFKURQRPqWUHPLQXWHULH
/DUJHXUFP VSpFLDOHFXLVVRQORQJXHGXUpH
%23    ࡱ (FODLUDJHKDORJqQHYR€WH:
3RUWHSOHLQYHUUH  ࡱ+7 6XSSRUWVODWpUDX[FKURPpVDYHF
6pULJUDSKLH6LOYHU*DJJHQDX QLYHDX[G
LQVHUWLRQ
+RPH&RQQHFW
/DUJHXUFP ,QWpJUDWLRQGDQVOHUpVHDX
GRPHVWLTXHSRXUVHUYLFHVGLJLWDX[
/HSUL[FRPSUHQG +RPH&RQQHFW YLDXQFkEOH/$1
 W{OHjSkWLVVHULH UHFRPPDQGp RXXQHFRQQH[LRQ:L)L
 JULOOH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
OqFKHIULWH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
$FFHVVRLUHVHQRSWLRQ SD\VUHVSHFWLI/HVVHUYLFHV+RPH
%$    ࡱ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
*ULOOH  ࡱ+7 WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
6DQVRXYHUWXUHDYHFSLHGV KRPHFRQQHFWFRP
%$    ࡱ
/qFKHIULWHHQYHUUH  ࡱ+7 6pFXULWp
3URIRQGHXUPP 3RUWHDYHFLVRODWLRQWKHUPLTXHYLWUHV
%$    ࡱ 6pFXULWpHQIDQWV
5pVLVWDQFHSRXU  ࡱ+7  &RXSXUHGHVpFXULWp
SLHUUHjSDLQHWj 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
SL]]DVHWIDLWRXWHQIRQWH UHIURLGLVVHPHQWGHO
DSSDUHLO
%$    ࡱ
3LHUUHjSDLQHWj  ࡱ+7 1HWWR\DJH
SL]]DV (PDLOEOHX*DJJHQDX
&RPSUHQGVXSSRUWHWXQHSHOOHjSL]]D &DWDO\VHXUpOHFWULTXHGHIXPpHV
FRPPDQGHUODUpVLVWDQFHVpSDUpPHQW SXULILDQWO
DLUUHMHWp
1
HVWSDVFRPELQDEOHDYHFOHV\WqPH
GHUDLOWpOHVFRSLTXH
%$    ࡱ
UDLOVWpOHVFRSLTXHV  ࡱ+7
VRUWLHWRWDOH
%$    ࡱ
/qFKHIULWHpPDLOOpH  ࡱ+7
3URIRQGHXUPP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
)RXUFRPELYDSHXU6pULH $FFHVVRLUHVHQRSWLRQ ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
%63 %63  %$  ࡱ SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW
5DLOWpOHVFRSLTXH  ࡱ+7 YLDXQFkEOH/$1 UHFRPPDQGp RX
² ,QVWDOODWLRQjIOHXU WURLVQLYHDX[ VDQVILOYLD:L)L
² 5DFFRUGHPHQWGLUHFWjO
DUULYpHHW %$  ࡱ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
jO
pYDFXDWLRQG
HDX 5pFLSLHQWGHFXLVVRQ  ࡱ+7 &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
² 6\VWqPHGHQHWWR\DJHWRXW HQLQR[QRQSHUIRUp GHVVHUYLFHV+RPH&RQQHFWGDQVOH
DXWRPDWLTXH SURIRQGHXUPPO SD\VUHVSHFWLI/HVVHUYLFHV+RPH
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU %$  ࡱ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
² 6RXUFHG
pFODLUDJH/(' 5pFLSLHQWGHFXLVVRQ  ࡱ+7 WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
² *pQpUDWLRQH[WHUQHGHODYDSHXU HQLQR[SHUIRUp ZZZKRPHFRQQHFWFRP
² &XLVVRQYDSHXUVDQVSUHVVLRQ SURIRQGHXUPPO 
² &KDOHXUWRXUQDQWHGHƒ&j %$  ࡱ 6pFXULWp
ƒ&DYHFUpJODJHGHO
KXPLGLWp 5pFLSLHQWGHFXLVVRQ  ࡱ+7 6pFXULWpHQIDQWV
0RGXOHGHFRPPDQGHKDXW GH DQWLDGKpUHQWQRQSHUIRUp &RXSXUHGHVpFXULWp
&KDUQLqUHVjGURLWH FRPELQDEOHDXFKRL[ SURIRQGHXUPPO 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
%63    ࡱ ² &XLVVRQ6RXVYLGHDYHFUpJODJH %$  ࡱ UHIURLGLVVHPHQWGHO
DSSDUHLO
3RUWHSOHLQYHUUH  ࡱ+7 SUpFLVGHODWHPSpUDWXUHDXGHJUp 5pFLSLHQWGHFXLVVRQ  ࡱ+7
6pULJUDSKLH$QWKUDFLWH*DJJHQDX SUqV DQWLDGKpUHQWSHUIRUp 1HWWR\DJH
+RPH&RQQHFW ² *ULOJUDQGHVXUIDFHFRPELQDEOH SURIRQGHXUPPO 3URJUDPPHGHQHWWR\DJHWRXWDXWRPDWLTXH
/DUJHXUFP DYHFO
DLUYHQWLOpMXVTX
jƒ&HWOD %$  ࡱ 3URJUDPPHGHGpWDUWUDJHSRXUOH
%63    ࡱ YDSHXU /qFKHIULWHHQYHUUH  ࡱ+7 JpQpUDWHXUGHYDSHXU
3RUWHSOHLQYHUUH  ࡱ+7 ² 3URJUDPPHVDXWRPDWLTXHV 3URIRQGHXUPP )RQFWLRQ6pFKDJH
6pULJUDSKLH0HWDOOLF*DJJHQDX ² 6RQGHWKHUPRPpWULTXHDYHF &/6  ࡱ 6pFKDJHDXWRPDWLTXHGHO
HQFHLQWHGH
+RPH&RQQHFW HVWLPDWLRQGXWHPSVGHFXLVVRQ &DUWRXFKHV  ࡱ+7 FXLVVRQjODILQGXSURFHVVXVGHFXLVVRQ
/DUJHXUFP ² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH GHQHWWR\DJH )LOWUHWDPLVDPRYLEOH
%63    ࡱ URWDWLIGDQVOHVGHX[VHQVSRXUXQH 6HWGH 0RGH'pPRSRXUSURJUDPPHGH
3RUWHSOHLQYHUUH  ࡱ+7 UpSDUWLWLRQLGpDOHGHODFKDOHXU *1  ࡱ QHWWR\DJH
6pULJUDSKLH6LOYHU*DJJHQDX ² (FUDQ7)7VHQVLWLI $GDSWDWHXUSRXU  ࡱ+7
+RPH&RQQHFW ² $SSDUHLOVDQVEDQGHDXGH UpFLSLHQWVGHFXLVVRQHWIDLWRXW &RQVHLOVG
LQVWDOODWLRQ
/DUJHXUFP FRPPDQGHDYHFPRGXOHGH *DVWUR1RUP &KDUQLqUHVQRQUpYHUVLEOHV
FRPPDQGHVXUODSRUWHYLWUpH *1  ࡱ $XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
&KDUQLqUHVjJDXFKH ² 5pJODJHpOHFWURQLTXHGHOD 5pFLSLHQW*DVWUR  ࡱ+7 LQVWDOOpDXGHVVXVGXIRXUYDSHXU
%63    ࡱ WHPSpUDWXUHGHƒ&jƒ& 1RUPHQLQR[*1 /HWX\DXG
pYDFXDWLRQG
HDXQHSHXW
3RUWHSOHLQYHUUH  ࡱ+7 ² 9ROXPHXWLOHOLWUHV 1RQSHUIRUpSURIRQGHXUPPO rWUHEUDQFKpDXGHVVXVGXSRLQWOH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX  *1    ࡱ SOXVEDVGHO
DSSDUHLOHWLOGRLWrWUH
+RPH&RQQHFW 0RGHVGHFXLVVRQ 5pFLSLHQW*DVWUR  ࡱ+7 SODFpPLQPPSOXVEDVTXHOD
/DUJHXUFP &KDOHXUWRXUQDQWHKXPLGLWp 1RUPHQLQR[*1 VRUWLHG
pYDFXDWLRQGHO
DSSDUHLO
%63    ࡱ &KDOHXUWRXUQDQWHKXPLGLWp 1RQSHUIRUpSURIRQGHXUPPO 7X\DXG
DUULYpHG
HDXSHXWrWUHUDOORQJp
3RUWHSOHLQYHUUH  ࡱ+7 &KDOHXUWRXUQDQWHKXPLGLWp *1    ࡱ XQHIRLV
6pULJUDSKLH0HWDOOLF*DJJHQDX &KDOHXUWRXUQDQWHKXPLGLWp 5pFLSLHQW*DVWUR  ࡱ+7 /RQJXHXUPD[LPDOHGXWX\DX
+RPH&RQQHFW &KDOHXUWRXUQDQWHKXPLGLWp 1RUPHQLQR[*1 G
pYDFXDWLRQP
/DUJHXUFP &XLVVRQEDVVHWHPSpUDWXUH 3HUIRUpSURIRQGHXUPPO /HURELQHWG
DUULYpHG
HDX  GRLW
%63    ࡱ &XLVVRQ6RXV9LGH *1    ࡱ WRXMRXUVrWUHDFFHVVLEOHLOQHSHXWSDV
3RUWHSOHLQYHUUH  ࡱ+7 *ULOSRVLWLRQ+XPLGLWp 5pFLSLHQW*DVWUR  ࡱ+7 rWUHSODFpGHUULqUHO
DSSDUHLO
6pULJUDSKLH6LOYHU*DJJHQDX *ULOSRVLWLRQ+XPLGLWp 1RUPHQLQR[*1 /HWX\DXG
pYDFXDWLRQG
HDXUHOLpDX
+RPH&RQQHFW *ULO$LUYHQWLOp 3HUIRUpSURIRQGHXUPPO VLSKRQ  GRLWWRXMRXUVrWUHDFFHVVLEOH
/DUJHXUFP )HUPHQWDWLRQ *1    ࡱ HWQHSDVrWUHSODFpGHUULqUHO
DSSDUHLO
'pFRQJpODWLRQ )DLWRXW*DVWUR1RUP  ࡱ+7 3UpYRLUO
LQVWDOODWLRQGXV\VWqPHGH
/HSUL[FRPSUHQG 5pJpQpUDWLRQ HQIRQWHG
DOXPLQLXP ILOWUDJHDQWLFDOFDLUH*)  j
 UpFLSLHQWHQLQR[SHUIRUpO *1KDXWHXUPPDQWLDGKpUHQW O
DUULYpHG
HDXGHO
DSSDUHLOVLODGXUHWp
 UpFLSLHQWHQLQR[QRQSHUIRUpO %DQGHDXGHFRPPDQGH GHO
HDXH[FqGHƒI+
 JULOOH &RPPDQGHSDUERXWRQVURWDWLIVHW 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
 VRQGHWKHUPRPpWULTXHDPRYLEOH pFUDQ7)7VHQVLWLI YLWUHDYDQWGHO
DSSDUHLOPP
 WX\DXG
pYDFXDWLRQG
HDXP $IILFKDJHWH[WHFODLU 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
 WX\DXG
DUULYpHG
HDXP 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV OHERUGH[WpULHXUGHODSRLJQpHPP
FDUWRXFKHVGHQHWWR\DJH LQFOXDQWODVRQGHWKHUPRPpWULTXH  (FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
3HUVRQQDOLVDWLRQGHVSURJUDPPHV IDoDGHGXPHXEOHPLQPP
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ DXWRPDWLTXHV 7HQLUFRPSWHGXGpERUGHPHQW
*)    ࡱ 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ SRLJQpHFRPSULVHSRXUO
RXYHUWXUHGH
6\VWqPHGHILOWUDJH  ࡱ+7 3RUWHjRXYHUWXUHODWpUDOHƒ WLURLUVODWpUDX[
DQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W (QFDVG
LQVWDOODWLRQGDQVXQDQJOHWHQLU
*)    ࡱ &DUDFWpULVWLTXHV FRPSWHGHO
DQJOHG
RXYHUWXUHGHƒ
&DUWRXFKHGHILOWUDJH  ࡱ+7 *ULOJUDQGHVXUIDFHN: /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
GHUHFKDQJH (OLPLQDWLRQGHODYDSHXU ODQLFKH
*=    ࡱ 9DSRULVDWLRQG
KXPLGLWp
5DOORQJH$TXD6WRS  ࡱ+7 6RQGHWKHUPRPpWULTXHSRLQWVGH $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
ORQJXHXUP PHVXUHDYHFDUUrWDXWRPDWLTXHHW HQWDQWTXHSLqFHVGpWDFKpHV 
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ HVWLPDWLRQGXWHPSVGHFXLVVRQ (71U7DEOHWWHVGHGpWDUWUDJH
G
HDX 3URJUDPPHVDXWRPDWLTXHV 
7KHUPRWHVW$IILFKDJHGHOD &RQVHLOVG
LQVWDOODWLRQSRXU
 WHPSpUDWXUHUpHOOH O
LQWpJUDWLRQHQSDJHV
)RQFWLRQVGXSURJUDPPDWHXUGXUpH
GHODFXLVVRQILQGHODFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW
PLQXWHULHFKURQRPqWUHPLQXWHULH &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
VSpFLDOHFXLVVRQORQJXHGXUpH XQHpFKHOOHGH$j'
(WDORQQDJHDXWRPDWLTXHGHOD 3XLVVDQFHWRWDOHN:
WHPSpUDWXUHGHYDSRULVDWLRQHQ 5DFFRUGHPHQWXQLTXHPHQWjO
HDXIURLGH
IRQFWLRQGHO
DOWLWXGH 7X\DXG
DUULYpHG
HDXPDYHFUDFFRUG
(FODLUDJHODWpUDO/('  PP SHXWrWUHUDOORQJp
(QFHLQWHGHFXLVVRQHQLQR[ 7X\DXG
pYDFXDWLRQG
HDX ‘PP 
QLYHDX[G
LQVHUWLRQ P WX\DX+7 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

&kEOHGHUDFFRUGHPHQWPDYHFSULVH
3UpYRLUXQFkEOH/$1
)RXUFRPELYDSHXU6pULH $FFHVVRLUHVHQRSWLRQ YLDXQFkEOH/$1 UHFRPPDQGp RX
%63 %63  %$  ࡱ VDQVILOYLD:L)L
5DLOWpOHVFRSLTXH  ࡱ+7 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
² ,QVWDOODWLRQjIOHXU WURLVQLYHDX[ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
² 5DFFRUGHPHQWGLUHFWjO
DUULYpHHWj %$  ࡱ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
O
pYDFXDWLRQG
HDX 5pFLSLHQWGHFXLVVRQ  ࡱ+7 SD\VUHVSHFWLI/HVVHUYLFHV+RPH
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU HQLQR[QRQSHUIRUp &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
² 6RXUFHG
pFODLUDJH/(' SURIRQGHXUPPO WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
² *pQpUDWLRQH[WHUQHGHODYDSHXU %$  ࡱ ZZZKRPHFRQQHFWFRP
² &XLVVRQYDSHXUVDQVSUHVVLRQ 5pFLSLHQWGHFXLVVRQ  ࡱ+7 
² &KDOHXUWRXUQDQWHGHƒ&j HQLQR[SHUIRUp 6pFXULWp
ƒ&DYHFUpJODJHGHO
KXPLGLWp SURIRQGHXUPPO 6pFXULWpHQIDQWV
GH %$  ࡱ &RXSXUHGHVpFXULWp
FRPELQDEOHDXFKRL[ 5pFLSLHQWGHFXLVVRQ  ࡱ+7 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
0RGXOHGHFRPPDQGHKDXW ² &XLVVRQ6RXVYLGHDYHFUpJODJHSUpFLV DQWLDGKpUHQWQRQSHUIRUp UHIURLGLVVHPHQWGHO
DSSDUHLO
&KDUQLqUHVjGURLWH GHODWHPSpUDWXUHDXGHJUpSUqV SURIRQGHXUPPO
%63    ࡱ ² *ULOJUDQGHVXUIDFHFRPELQDEOH %$  ࡱ 1HWWR\DJH
3RUWHSOHLQYHUUH  ࡱ+7 DYHFO
DLUYHQWLOpMXVTX
jƒ&HWOD 5pFLSLHQWGHFXLVVRQ  ࡱ+7 )RQFWLRQDLGHDXQHWWR\DJH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX YDSHXU DQWLDGKpUHQWSHUIRUp 3URJUDPPHGHGpWDUWUDJHSRXUOH
+RPH&RQQHFW ² 3URJUDPPHVDXWRPDWLTXHV SURIRQGHXUPPO JpQpUDWHXUGHYDSHXU
/DUJHXUFP ² 6RQGHWKHUPRPpWULTXHDYHF %$  ࡱ )RQFWLRQ6pFKDJH
%63    ࡱ HVWLPDWLRQGXWHPSVGHFXLVVRQ /qFKHIULWHHQYHUUH  ࡱ+7 6pFKDJHDXWRPDWLTXHGHO
HQFHLQWHGH
3RUWHSOHLQYHUUH  ࡱ+7 ² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH 3URIRQGHXUPP FXLVVRQjODILQGXSURFHVVXVGHFXLVVRQ
6pULJUDSKLH0HWDOOLF*DJJHQDX URWDWLIGDQVOHVGHX[VHQVSRXUXQH *1  ࡱ )LOWUHjJUDLVVHODYDEOHDXODYHYDLVVHOOH
+RPH&RQQHFW UpSDUWLWLRQLGpDOHGHODFKDOHXU $GDSWDWHXUSRXU  ࡱ+7 )LOWUHWDPLVDPRYLEOH
/DUJHXUFP ² (FUDQ7)7VHQVLWLI UpFLSLHQWVGHFXLVVRQHWIDLWRXW
%63    ࡱ ² $SSDUHLOVDQVEDQGHDXGH *DVWUR1RUP &RQVHLOVG
LQVWDOODWLRQ
3RUWHSOHLQYHUUH  ࡱ+7 FRPPDQGHDYHFPRGXOHGH *1  ࡱ &KDUQLqUHVQRQUpYHUVLEOHV
6pULJUDSKLH6LOYHU*DJJHQDX FRPPDQGHVXUODSRUWHYLWUpH 5pFLSLHQW*DVWUR  ࡱ+7 $XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
+RPH&RQQHFW ² 5pJODJHpOHFWURQLTXHGHOD 1RUPHQLQR[*1 LQVWDOOpDXGHVVXVGXIRXUYDSHXU
/DUJHXUFP WHPSpUDWXUHGHƒ&jƒ& 1RQSHUIRUpSURIRQGHXUPPO /HWX\DXG
pYDFXDWLRQG
HDXQHSHXW
² 9ROXPHXWLOHOLWUHV *1    ࡱ rWUHEUDQFKpDXGHVVXVGXSRLQWOH
&KDUQLqUHVjJDXFKH  5pFLSLHQW*DVWUR  ࡱ+7 SOXVEDVGHO
DSSDUHLOHWLOGRLWrWUH
%63    ࡱ 0RGHVGHFXLVVRQ 1RUPHQLQR[*1 SODFpPLQPPSOXVEDVTXHOD
3RUWHSOHLQYHUUH  ࡱ+7 &KDOHXUWRXUQDQWHKXPLGLWp 1RQSHUIRUpSURIRQGHXUPPO VRUWLHG
pYDFXDWLRQGHO
DSSDUHLO
6pULJUDSKLH$QWKUDFLWH*DJJHQDX &KDOHXUWRXUQDQWHKXPLGLWp *1    ࡱ 7X\DXG
DUULYpHG
HDXSHXWrWUHUDOORQJp
+RPH&RQQHFW &KDOHXUWRXUQDQWHKXPLGLWp 5pFLSLHQW*DVWUR  ࡱ+7 XQHIRLV
/DUJHXUFP &KDOHXUWRXUQDQWHKXPLGLWp 1RUPHQLQR[*1 /RQJXHXUPD[LPDOHGXWX\DX
%63    ࡱ &KDOHXUWRXUQDQWHKXPLGLWp 3HUIRUpSURIRQGHXUPPO G
pYDFXDWLRQP
3RUWHSOHLQYHUUH  ࡱ+7 &XLVVRQEDVVHWHPSpUDWXUH *1    ࡱ /HURELQHWG
DUULYpHG
HDX  GRLW
6pULJUDSKLH0HWDOOLF*DJJHQDX &XLVVRQ6RXV9LGH 5pFLSLHQW*DVWUR  ࡱ+7 WRXMRXUVrWUHDFFHVVLEOHLOQHSHXWSDV
+RPH&RQQHFW *ULOSRVLWLRQ+XPLGLWp 1RUPHQLQR[*1 rWUHSODFpGHUULqUHO
DSSDUHLO
/DUJHXUFP *ULOSRVLWLRQ+XPLGLWp 3HUIRUpSURIRQGHXUPPO /HWX\DXG
pYDFXDWLRQG
HDXUHOLpDX
%63    ࡱ *ULO$LUYHQWLOp *1    ࡱ VLSKRQ  GRLWWRXMRXUVrWUHDFFHVVLEOH
3RUWHSOHLQYHUUH  ࡱ+7 )HUPHQWDWLRQ )DLWRXW*DVWUR1RUP  ࡱ+7 HWQHSDVrWUHSODFpGHUULqUHO
DSSDUHLO
6pULJUDSKLH6LOYHU*DJJHQDX 'pFRQJpODWLRQ HQIRQWHG
DOXPLQLXP 3UpYRLUO
LQVWDOODWLRQGXV\VWqPHGH
+RPH&RQQHFW 5pJpQpUDWLRQ *1KDXWHXUPPDQWLDGKpUHQW ILOWUDJHDQWLFDOFDLUH*)  j
/DUJHXUFP O
DUULYpHG
HDXGHO
DSSDUHLOVLODGXUHWp
%DQGHDXGHFRPPDQGH GHO
HDXH[FqGHƒI+
/HSUL[FRPSUHQG &RPPDQGHSDUERXWRQVURWDWLIVHW 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
 UpFLSLHQWHQLQR[SHUIRUpO pFUDQ7)7VHQVLWLI YLWUHDYDQWGHO
DSSDUHLOPP
 UpFLSLHQWHQLQR[QRQSHUIRUpO $IILFKDJHWH[WHFODLU 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
 JULOOH 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV OHERUGH[WpULHXUGHODSRLJQpHPP
 VRQGHWKHUPRPpWULTXHDPRYLEOH LQFOXDQWODVRQGHWKHUPRPpWULTXH  (FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
 WX\DXG
pYDFXDWLRQG
HDXP 3HUVRQQDOLVDWLRQGHVSURJUDPPHV IDoDGHGXPHXEOHPLQPP
WX\DXG
DUULYpHG
HDXP DXWRPDWLTXHV 7HQLUFRPSWHGXGpERUGHPHQWSRLJQpH
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ FRPSULVHSRXUO
RXYHUWXUHGHWLURLUVODWpUDX[
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ 3RUWHjRXYHUWXUHODWpUDOHƒ (QFDVG
LQVWDOODWLRQGDQVXQDQJOHWHQLU
*)    ࡱ FRPSWHGHO
DQJOHG
RXYHUWXUHGHƒ
6\VWqPHGHILOWUDJH  ࡱ+7 &DUDFWpULVWLTXHV /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
DQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W *ULOJUDQGHVXUIDFHN: ODQLFKH
*)    ࡱ (OLPLQDWLRQGHODYDSHXU
&DUWRXFKHGHILOWUDJH  ࡱ+7 9DSRULVDWLRQG
KXPLGLWp $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
GHUHFKDQJH 6RQGHWKHUPRPpWULTXHSRLQWVGH HQWDQWTXHSLqFHVGpWDFKpHV 
*=    ࡱ PHVXUHDYHFDUUrWDXWRPDWLTXHHW (71U7DEOHWWHVGHGpWDUWUDJH
5DOORQJH$TXD6WRS  ࡱ+7 HVWLPDWLRQGXWHPSVGHFXLVVRQ 
ORQJXHXUP 3URJUDPPHVDXWRPDWLTXHV &RQVHLOVG
LQVWDOODWLRQSRXU
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ 7KHUPRWHVW$IILFKDJHGHOD O
LQWpJUDWLRQHQSDJHV
G
HDX WHPSpUDWXUHUpHOOH
 )RQFWLRQVGXSURJUDPPDWHXUGXUpH 9DOHXUVGHUDFFRUGHPHQW
GHODFXLVVRQILQGHODFXLVVRQ &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
PLQXWHULHFKURQRPqWUHPLQXWHULH XQHpFKHOOHGH$j'
VSpFLDOHFXLVVRQORQJXHGXUpH 3XLVVDQFHWRWDOHN:
(WDORQQDJHDXWRPDWLTXHGHOD 5DFFRUGHPHQWXQLTXHPHQWjO
HDXIURLGH
WHPSpUDWXUHGHYDSRULVDWLRQHQ 7X\DXG
DUULYpHG
HDXPDYHFUDFFRUG
IRQFWLRQGHO
DOWLWXGH  PP SHXWrWUHUDOORQJp
(FODLUDJHODWpUDO/(' 7X\DXG
pYDFXDWLRQG
HDX ‘PP 
(QFHLQWHGHFXLVVRQHQLQR[ —P WX\DX+7 
QLYHDX[G
LQVHUWLRQ &kEOHGHUDFFRUGHPHQWPDYHFSULVH
 3UpYRLUXQFkEOH/$1
,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
)RXUFRPELYDSHXU6pULH *1  ࡱ ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
%63 %63  $GDSWDWHXUSRXU  ࡱ+7 SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW
UpFLSLHQWVGHFXLVVRQHWIDLWRXW YLDXQFkEOH/$1 UHFRPPDQGp RX
² ,QVWDOODWLRQjIOHXU *DVWUR1RUP VDQVILOYLD:L)L
² 5pVHUYRLUSRXUHDXIUDvFKHHWHDX *1  ࡱ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
XVpH 5pFLSLHQW*DVWUR  ࡱ+7 &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU 1RUPHQLQR[*1 GHVVHUYLFHV+RPH&RQQHFWGDQVOH
² 6RXUFHG
pFODLUDJH/(' 1RQSHUIRUpSURIRQGHXUPPO SD\VUHVSHFWLI/HVVHUYLFHV+RPH
² *pQpUDWLRQH[WHUQHGHODYDSHXU *1    ࡱ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
² &XLVVRQYDSHXUVDQVSUHVVLRQ 5pFLSLHQW*DVWUR  ࡱ+7 WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
² &KDOHXUWRXUQDQWHGHƒ&j 1RUPHQLQR[*1 ZZZKRPHFRQQHFWFRP
ƒ&DYHFUpJODJHGHO
KXPLGLWp 1RQSHUIRUpSURIRQGHXUPPO 
GH *1    ࡱ 6pFXULWp
FRPELQDEOHDXFKRL[ 5pFLSLHQW*DVWUR  ࡱ+7 6pFXULWpHQIDQWV
0RGXOHGHFRPPDQGHKDXW ² &XLVVRQ6RXVYLGHDYHFUpJODJH 1RUPHQLQR[*1 &RXSXUHGHVpFXULWp
&KDUQLqUHVjGURLWH SUpFLVGHODWHPSpUDWXUHDXGHJUp 3HUIRUpSURIRQGHXUPPO 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
%63    ࡱ SUqV *1    ࡱ UHIURLGLVVHPHQWGHO
DSSDUHLO
3RUWHSOHLQYHUUH  ࡱ+7 ² *ULOJUDQGHVXUIDFHFRPELQDEOH 5pFLSLHQW*DVWUR  ࡱ+7
6pULJUDSKLH$QWKUDFLWH*DJJHQDX DYHFO
DLUYHQWLOpMXVTX
jƒ&HWOD 1RUPHQLQR[*1 1HWWR\DJH
+RPH&RQQHFW YDSHXU 3HUIRUpSURIRQGHXUPPO )RQFWLRQDLGHDXQHWWR\DJH
/DUJHXUFP ² 3URJUDPPHVDXWRPDWLTXHV *1    ࡱ 3URJUDPPHGHGpWDUWUDJHSRXUOH
%63    ࡱ ² 6RQGHWKHUPRPpWULTXHDYHF )DLWRXW*DVWUR1RUP  ࡱ+7 JpQpUDWHXUGHYDSHXU
3RUWHSOHLQYHUUH  ࡱ+7 HVWLPDWLRQGXWHPSVGHFXLVVRQ HQIRQWHG
DOXPLQLXP )RQFWLRQ6pFKDJH
6pULJUDSKLH0HWDOOLF*DJJHQDX ² 9HQWLODWHXUGHFKDOHXUWRXUQDQWH *1KDXWHXUPPDQWLDGKpUHQW 6pFKDJHDXWRPDWLTXHGHO
HQFHLQWH
+RPH&RQQHFW URWDWLIGDQVOHVGHX[VHQVSRXUXQH GHFXLVVRQjODILQGXSURFHVVXVGH
/DUJHXUFP UpSDUWLWLRQLGpDOHGHODFKDOHXU FXLVVRQ
%63    ࡱ ² (FUDQ7)7VHQVLWLI 5pVHUYRLUG
HDXODYDEOHDX
3RUWHSOHLQYHUUH  ࡱ+7 ² $SSDUHLOVDQVEDQGHDXGH ODYHYDLVVHOOH
6pULJUDSKLH6LOYHU*DJJHQDX FRPPDQGHDYHFPRGXOHGH )LOWUHjJUDLVVHODYDEOHDX
+RPH&RQQHFW FRPPDQGHVXUODSRUWHYLWUpH ODYHYDLVVHOOH
/DUJHXUFP ² 5pJODJHpOHFWURQLTXHGHOD )LOWUHWDPLVDPRYLEOH
WHPSpUDWXUHGHƒ&jƒ&
&KDUQLqUHVjJDXFKH ² 9ROXPHXWLOHOLWUHV &RQVHLOVG
LQVWDOODWLRQ
%63    ࡱ  &KDUQLqUHVQRQUpYHUVLEOHV
3RUWHSOHLQYHUUH  ࡱ+7 0RGHVGHFXLVVRQ $XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX &KDOHXUWRXUQDQWHKXPLGLWp LQVWDOOpDXGHVVXVGXIRXUYDSHXU
+RPH&RQQHFW &KDOHXUWRXUQDQWHKXPLGLWp 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
/DUJHXUFP &KDOHXUWRXUQDQWHKXPLGLWp YLWUHDYDQWGHO
DSSDUHLOPP
%63    ࡱ &KDOHXUWRXUQDQWHKXPLGLWp 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
3RUWHSOHLQYHUUH  ࡱ+7 &KDOHXUWRXUQDQWHKXPLGLWp OHERUGH[WpULHXUGHODSRLJQpH
6pULJUDSKLH0HWDOOLF*DJJHQDX &XLVVRQEDVVHWHPSpUDWXUH PP
+RPH&RQQHFW &XLVVRQ6RXV9LGH (FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
/DUJHXUFP *ULOSRVLWLRQ+XPLGLWp IDoDGHGXPHXEOHPLQPP
%63    ࡱ *ULOSRVLWLRQ+XPLGLWp 7HQLUFRPSWHGXGpERUGHPHQW
3RUWHSOHLQYHUUH  ࡱ+7 *ULO$LUYHQWLOp SRLJQpHFRPSULVHSRXUO
RXYHUWXUHGH
6pULJUDSKLH6LOYHU*DJJHQDX )HUPHQWDWLRQ WLURLUVODWpUDX[
+RPH&RQQHFW 'pFRQJpODWLRQ (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
/DUJHXUFP 5pJpQpUDWLRQ WHQLUFRPSWHGHO
DQJOHG
RXYHUWXUHGH
ƒ
/HSUL[FRPSUHQG %DQGHDXGHFRPPDQGH /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
 UpFLSLHQWHQLQR[SHUIRUpO &RPPDQGHSDUERXWRQVURWDWLIVHW ODQLFKH
 UpFLSLHQWHQLQR[QRQSHUIRUpO pFUDQ7)7VHQVLWLI /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
 JULOOH $IILFKDJHWH[WHFODLU GHO
DSSDUHLOHQEDVjJDXFKH
 VRQGHWKHUPRPpWULTXHDPRYLEOH 0pPRULVDWLRQGHUHFHWWHVSHUVRQQHOOHV 
LQFOXDQWODVRQGHWKHUPRPpWULTXH  $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
$FFHVVRLUHVHQRSWLRQ 3HUVRQQDOLVDWLRQGHVSURJUDPPHV HQWDQWTXHSLqFHVGpWDFKpHV 
%$  ࡱ DXWRPDWLTXHV (71U7DEOHWWHVGHGpWDUWUDJH
5DLOWpOHVFRSLTXH  ࡱ+7 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
WURLVQLYHDX[ 3RUWHjRXYHUWXUHODWpUDOHƒ &RQVHLOVG
LQVWDOODWLRQSRXU
%$  ࡱ O
LQWpJUDWLRQHQSDJHV
5pFLSLHQWGHFXLVVRQ  ࡱ+7 &DUDFWpULVWLTXHV
HQLQR[QRQSHUIRUp *ULOJUDQGHVXUIDFHN: 9DOHXUVGHUDFFRUGHPHQW
SURIRQGHXUPPO UpVHUYRLUVG
HDXH[WUDFWLEOHVGH &ODVVHG
HIILFDFLWppQHUJpWLTXH$
%$  ࡱ OLWUHV VXUXQHpFKHOOHGH$j'
5pFLSLHQWGHFXLVVRQ  ࡱ+7 $YHUWLVVHPHQWORUVTXHOHQLYHDXG
HDX 3XLVVDQFHWRWDOHN:
HQLQR[SHUIRUp HVWEDV &kEOHGHUDFFRUGHPHQWP
SURIRQGHXUPPO 6RQGHWKHUPRPpWULTXHSRLQWVGH DYHFSULVH
%$  ࡱ PHVXUHDYHFDUUrWDXWRPDWLTXHHW 3UpYRLUXQFkEOH/$1
5pFLSLHQWGHFXLVVRQ  ࡱ+7 HVWLPDWLRQGXWHPSVGHFXLVVRQ
DQWLDGKpUHQWQRQSHUIRUp 3URJUDPPHVDXWRPDWLTXHV
SURIRQGHXUPPO 7KHUPRWHVW$IILFKDJHGHOD
%$  ࡱ WHPSpUDWXUHUpHOOH
5pFLSLHQWGHFXLVVRQ  ࡱ+7 )RQFWLRQVGXSURJUDPPDWHXUGXUpH
DQWLDGKpUHQWSHUIRUp GHODFXLVVRQILQGHODFXLVVRQ
SURIRQGHXUPPO PLQXWHULHFKURQRPqWUHPLQXWHULH
%$  ࡱ VSpFLDOHFXLVVRQORQJXHGXUpH
/qFKHIULWHHQYHUUH  ࡱ+7 (WDORQQDJHDXWRPDWLTXHGHOD
3URIRQGHXUPP WHPSpUDWXUHGHYDSRULVDWLRQHQ
 IRQFWLRQGHO
DOWLWXGH
(FODLUDJHODWpUDO/('
(QFHLQWHGHFXLVVRQHQLQR[
QLYHDX[G
LQVHUWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
)RXUYDSHXU6pULH &RQVHLOVG
LQVWDOODWLRQ
%63 %63  &KDUQLqUHVQRQUpYHUVLEOHV
$XFXQDSSDUHLOpOHFWULTXHQHSHXWrWUH
² ,QVWDOODWLRQjIOHXU LQVWDOOpDXGHVVXVGXIRXUYDSHXU
² 5pVHUYRLUG
HDX 'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
² (QFHLQWHGHFXLVVRQJUDQGHODUJHXU YLWUHDYDQWGHO
DSSDUHLOPP
² 6RXUFHG
pFODLUDJH/(' 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
² *pQpUDWLRQH[WHUQHGHODYDSHXU OHERUGH[WpULHXUGHODSRLJQpH
² &XLVVRQYDSHXUVDQVSUHVVLRQDYHF PP
² G
KXPLGLWpWHPSpUDWXUHGH (FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
ƒ&jƒ& IDoDGHGXPHXEOHPLQPP
² &XLVVRQ6RXVYLGHDYHFUpJODJH 7HQLUFRPSWHGXGpERUGHPHQW
SUpFLVGHODWHPSpUDWXUHDXGHJUp SRLJQpHFRPSULVHSRXUO
RXYHUWXUHGH
SUqV WLURLUVODWpUDX[
0RGXOHGHFRPPDQGHKDXW ² (FUDQ7)7VHQVLWLI (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
&KDUQLqUHVjGURLWH ² $SSDUHLOVDQVEDQGHDXGH WHQLUFRPSWHGHO
DQJOHG
RXYHUWXUHGH
%63    ࡱ FRPPDQGHDYHFPRGXOHGH ƒ
3RUWHSOHLQYHUUH  ࡱ+7 FRPPDQGHVXUODSRUWHYLWUpH /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ² 5pJODJHpOHFWURQLTXHGHOD ODQLFKH
+RPH&RQQHFW WHPSpUDWXUHGHƒ&jƒ& /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
/DUJHXUFP ² 9ROXPHXWLOHOLWUHV GHO
DSSDUHLOHQEDVjJDXFKH
%63    ࡱ  
3RUWHSOHLQYHUUH  ࡱ+7 0RGHVGHFXLVVRQ $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
6pULJUDSKLH0HWDOOLF*DJJHQDX G
KXPLGLWp HQWDQWTXHSLqFHVGpWDFKpHV 
+RPH&RQQHFW &XLVVRQ6RXV9LGH (71U7DEOHWWHVGH
/DUJHXUFP )HUPHQWDWLRQ GpWDUWUDJH
%63    ࡱ 'pFRQJpODWLRQ 
3RUWHSOHLQYHUUH  ࡱ+7 5pJpQpUDWLRQ &RQVHLOVG
LQVWDOODWLRQSRXU
6pULJUDSKLH6LOYHU*DJJHQDX 9DSHXUEDVVHWHPSpUDWXUH O
LQWpJUDWLRQHQSDJHV
+RPH&RQQHFW
/DUJHXUFP %DQGHDXGHFRPPDQGH 9DOHXUVGHUDFFRUGHPHQW
&RPPDQGHSDUERXWRQVURWDWLIVHW 3XLVVDQFHWRWDOHN:
&KDUQLqUHVjJDXFKH pFUDQ7)7VHQVLWLI &kEOHGHUDFFRUGHPHQWP
%63    ࡱ $IILFKDJHWH[WHFODLU DYHFSULVH
3RUWHSOHLQYHUUH  ࡱ+7 3HUVRQQDOLVDWLRQGHVSURJUDPPHV 3UpYRLUXQFkEOH/$1
6pULJUDSKLH$QWKUDFLWH*DJJHQDX DXWRPDWLTXHV
+RPH&RQQHFW 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
/DUJHXUFP 3RUWHjRXYHUWXUHODWpUDOHƒ
%63    ࡱ
3RUWHSOHLQYHUUH  ࡱ+7 &DUDFWpULVWLTXHV
6pULJUDSKLH0HWDOOLF*DJJHQDX 5pVHUYRLUG
HDXDPRYLEOHOLWUHV
+RPH&RQQHFW $YHUWLVVHPHQWORUVTXHOHQLYHDXG
HDX
/DUJHXUFP HVWEDV
%63    ࡱ 7KHUPRWHVW$IILFKDJHGHOD
3RUWHSOHLQYHUUH  ࡱ+7 WHPSpUDWXUHUpHOOH
6pULJUDSKLH6LOYHU*DJJHQDX )RQFWLRQVGXSURJUDPPDWHXUGXUpH
+RPH&RQQHFW GHODFXLVVRQILQGHODFXLVVRQ
/DUJHXUFP PLQXWHULHFKURQRPqWUHPLQXWHULH
VSpFLDOHFXLVVRQORQJXHGXUpH
/HSUL[FRPSUHQG (WDORQQDJHDXWRPDWLTXHGHOD
 UpFLSLHQWHQLQR[SHUIRUpO WHPSpUDWXUHGHYDSRULVDWLRQHQ
 UpFLSLHQWHQLQR[QRQSHUIRUpO IRQFWLRQGHO
DOWLWXGH
 JULOOH (FODLUDJHODWpUDO/('
(QFHLQWHGHFXLVVRQHQLQR[
$FFHVVRLUHVHQRSWLRQ QLYHDX[G
LQVHUWLRQ
%$  ࡱ
5pFLSLHQWGHFXLVVRQ  ࡱ+7 ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH
DQWLDGKpUHQWQRQSHUIRUp SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW
SURIRQGHXUPPO YLDXQFkEOH/$1 UHFRPPDQGp RX
%$  ࡱ VDQVILOYLD:L)L
5pFLSLHQWGHFXLVVRQ  ࡱ+7 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
DQWLDGKpUHQWSHUIRUp &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
SURIRQGHXUPPO GHVVHUYLFHV+RPH&RQQHFWGDQVOH
%$  ࡱ SD\VUHVSHFWLI/HVVHUYLFHV+RPH
5pFLSLHQWGHFXLVVRQ  ࡱ+7 &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
HQLQR[QRQSHUIRUp WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
SURIRQGHXUPPO ZZZKRPHFRQQHFWFRP
%$  ࡱ
5pFLSLHQWGHFXLVVRQ  ࡱ+7 6pFXULWp
HQLQR[SHUIRUp 6pFXULWpHQIDQWV
SURIRQGHXUPPO &RXSXUHGHVpFXULWp
%$  ࡱ 9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
/qFKHIULWHHQYHUUH  ࡱ+7 UHIURLGLVVHPHQWGHO
DSSDUHLO
3URIRQGHXUPP
1HWWR\DJH
)RQFWLRQDLGHDXQHWWR\DJH
3URJUDPPHGHGpWDUWUDJHSRXUOH
JpQpUDWHXUGHYDSHXU

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 
)RXUPLFURRQGHVFRPELQp6pULH 7HQLUFRPSWHGXGpERUGHPHQW
%03 %03  SRLJQpHFRPSULVHSRXUO
RXYHUWXUHGH
WLURLUVODWpUDX[
² ,QVWDOODWLRQjIOHXU (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
² 8WLOLVDWLRQGXPLFURRQGHVVHXORX WHQLUFRPSWHGHO
DQJOHG
RXYHUWXUHGH
HQFRPELQDLVRQDYHFOHJULOHWOH ƒ
IRXU /DSULVHGHUDFFRUGHPHQWGRLWrWUH
² 3URJUDPPDWLRQMXVTX
jPRGHVGH SODFpHHQGHKRUVGHODQLFKH
FXLVVRQFRQVpFXWLIVLQFOXDQWPRGH G
HQFDVWUHPHQW
FRPELQpHWWHPSVGHUHSRV
² (FUDQ7)7VHQVLWLI &RQVHLOVG
LQVWDOODWLRQSRXU
² $SSDUHLOVDQVEDQGHDXGH O
LQWpJUDWLRQHQSDJHV
FRPPDQGHDYHFPRGXOHGH 
FRPPDQGHVXUODSRUWHYLWUpH 9DOHXUVGHUDFFRUGHPHQW
0RGXOHGHFRPPDQGHKDXW ² &RQWU{OHpOHFWURQLTXHGHOD 3XLVVDQFHWRWDOHN:
&KDUQLqUHVjGURLWH WHPSpUDWXUH &kEOHGHUDFFRUGHPHQWPVDQV
%03    ࡱ ² 9ROXPHXWLOHOLWUHV SULVH
3RUWHSOHLQYHUUH  ࡱ+7
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 3URJUDPPHV
/DUJHXUFP )RQFWLRQPLFURRQGHVSXLVVDQFHV
%03    ࡱ :
3RUWHSOHLQYHUUH  ࡱ+7 )RQFWLRQIRXUDYHFPRGHVGH
6pULJUDSKLH0HWDOOLF*DJJHQDX FXLVVRQ
/DUJHXUFP &KDOHXUWRXUQDQWHƒ&HWGHƒ&
%03    ࡱ jƒ&
3RUWHSOHLQYHUUH  ࡱ+7 *ULOJUDQGHVXUIDFHFKDOHXU
6pULJUDSKLH6LOYHU*DJJHQDX WRXUQDQWHGHƒ&jƒ&
/DUJHXUFP *ULOJUDQGHVXUIDFHDLUYHQWLOpGH
ƒ&jƒ&
&KDUQLqUHVjJDXFKH *ULOJUDQGHVXUIDFHSXLVVDQFHVPD[
%03    ࡱ :
3RUWHSOHLQYHUUH  ࡱ+7 0RGHVGHFXLVVRQPLFURRQGHV
6pULJUDSKLH$QWKUDFLWH*DJJHQDX FRPELQpVDYHFOHVSXLVVDQFHVGH
/DUJHXUFP HW:
%03    ࡱ SURJUDPPHVDXWRPDWLTXHVVHORQOH
3RUWHSOHLQYHUUH  ࡱ+7 SRLGVUpJODEOHVLQGLYLGXHOOHPHQW
6pULJUDSKLH0HWDOOLF*DJJHQDX SURJUDPPHVGHGpFRQJpODWLRQ
/DUJHXUFP SURJUDPPHVGHFXLVVRQ
%03    ࡱ SURJUDPPHVFRPELQpV
3RUWHSOHLQYHUUH  ࡱ+7 3RVVLELOLWpGHPpPRULVHUGHVUHFHWWHV
6pULJUDSKLH6LOYHU*DJJHQDX SHUVRQQHOOHV
/DUJHXUFP
%DQGHDXGHFRPPDQGH
/HSUL[FRPSUHQG &RPPDQGHSDUERXWRQVURWDWLIVHW
 JULOOHSRXUFXLVVRQFRPELQpH pFUDQ7)7VHQVLWLI
 OqFKHIULWHHQYHUUH $IILFKDJHWH[WHFODLU
7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
3RUWHjRXYHUWXUHODWpUDOHƒ
3ULVH
&DUDFWpULVWLTXHV
7HFKQRORJLH,QQRZDYH 0HVXUHVHQPP
3UpFKDXIIDJHXOWUDUDSLGH
QLYHDX[GHFXLVVRQ Vue latérale BMP au-dessus de BOP
7KHUPRWHVW$IILFKDJHGHOD
WHPSpUDWXUHUpHOOH
(FODLUDJHKDORJqQHODWpUDO:

6pFXULWp
,VRODWLRQWKHUPLTXHGHODSRUWH
YLWUHV
7ULSOHVpFXULWpGHSRUWH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
UHIURLGLVVHPHQWGHO
DSSDUHLO

1HWWR\DJH
(QFHLQWHGHFXLVVRQHQLQR[DYHFVROH
HQYLWURFpUDPLTXH
3DURLDUULqUHHQpPDLOFDWDO\WLTXH

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHVQRQUpYHUVLEOHV
3UpYRLUXQHQLFKHVDQVSDURLDUULqUH
(FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
IDoDGHGXPHXEOHPLQPP
'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
YLWUHDYDQWGHO
DSSDUHLOPP
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
OHERUGH[WpULHXUGHODSRLJQpHPP



 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

)RXUPLFURRQGHV6pULH Installation en colonne


%03 %03 

² ,QVWDOODWLRQjIOHXU
² 3RUWHVDQVSRLJQpHRXYHUWXUH
DXWRPDWLTXH
² 8WLOLVDWLRQHQPRGHPLFURRQGHVHW
JULOVpSDUpPHQWRXHQFRPELQDLVRQ
² 3URJUDPPDWLRQMXVTX
jPRGHVGH
FXLVVRQFRQVpFXWLIVLQFOXDQWPRGH
FRPELQpHWWHPSVGHUHSRV
² (FUDQ7)7VHQVLWLI
² &RQWU{OHpOHFWURQLTXHGHOD
WHPSpUDWXUH
0RGXOHGHFRPPDQGHEDV ² 9ROXPHXWLOHOLWUHV
&KDUQLqUHVjGURLWH
%03    ࡱ 3URJUDPPHV
3RUWHSOHLQYHUUH  ࡱ+7 )RQFWLRQPLFURRQGHVDYHF
6pULJUDSKLH$QWKUDFLWH*DJJHQDX SXLVVDQFHV:
/DUJHXUFP *ULOJUDQGHVXUIDFHSXLVVDQFHV
%03    ࡱ PD[:
3RUWHSOHLQYHUUH  ࡱ+7 *ULOJUDQGHVXUIDFHFRPELQDEOHDYHF
6pULJUDSKLH0HWDOOLF*DJJHQDX IRQFWLRQPLFURRQGHVHW:
/DUJHXUFP SURJUDPPHVDXWRPDWLTXHVVHORQOH
%03    ࡱ SRLGV
3RUWHSOHLQYHUUH  ࡱ+7 SURJUDPPHVGHGpFRQJpODWLRQ
6pULJUDSKLH6LOYHU*DJJHQDX SURJUDPPHVGHFXLVVRQ
/DUJHXUFP SURJUDPPHVFRPELQpV
3RVVLELOLWpGHPpPRULVHUGHVUHFHWWHV 3ULVH
&KDUQLqUHVjJDXFKH SHUVRQQHOOHV 0HVXUHVHQPP
%03    ࡱ
3RUWHSOHLQYHUUH  ࡱ+7 %DQGHDXGHFRPPDQGH Installation dans un meuble haut
6pULJUDSKLH$QWKUDFLWH*DJJHQDX 2XYHUWXUHDXWRPDWLTXHGHODSRUWH
/DUJHXUFP &RPPDQGHSDUERXWRQVURWDWLIVHW
%03    ࡱ pFUDQ7)7VHQVLWLI
3RUWHSOHLQYHUUH  ࡱ+7 $IILFKDJHWH[WHFODLU
6pULJUDSKLH0HWDOOLF*DJJHQDX 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
/DUJHXUFP 3RUWHjRXYHUWXUHODWpUDOHƒ
%03    ࡱ
3RUWHSOHLQYHUUH  ࡱ+7 &DUDFWpULVWLTXHV
6pULJUDSKLH6LOYHU*DJJHQDX 7HFKQRORJLH,QQRZDYH
/DUJHXUFP 7KHUPRWHVW$IILFKDJHGHOD
WHPSpUDWXUHUpHOOH
/HSUL[FRPSUHQG (FODLUDJH:
 OqFKHIULWHHQYHUUH (QFHLQWHGHFXLVVRQHQLQR[DYHFVROH
 JULOOH HQYLWURFpUDPLTXH

6pFXULWp
3RUWHLVROpHDYHFYLWUHV
7ULSOHVpFXULWpGHSRUWH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOH
UHIURLGLVVHPHQWGHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQ
Vue latérale BMP 224/225 au-dessus de BOP
&KDUQLqUHVQRQUpYHUVLEOHV
+DXWHXUPLQLPDOHG
LQVWDOODWLRQFP
SODQFKHULQIpULHXUGHODQLFKH 
3LHGVUpJODEOHVHQKDXWHXU
,QVWDOODWLRQGX%03DXGHVVXVGX%23
DYHFXQSODQFKHULQWHUPpGLDLUH
(FDUWODWpUDOHQWUHODSRUWHGXIRXUHWOD
IDoDGHGXPHXEOHPLQPP
'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
YLWUHDYDQWGHO
DSSDUHLOPP
(QFDVG
LQVWDOODWLRQGDQVXQDQJOH
SUpYRLUXQDQJOHG
RXYHUWXUHGHOD
SRUWHGHƒPLQLPXP

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQHQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

0DFKLQHjFDIpH[SUHVVRWRXW 3RXUOHVERLVVRQVSDUGRXEOHF\FOH /DIRQFWLRQYLGDQJHGXEUR\HXU


DXWRPDWLTXH6pULH GHPRXWXUHHWG
pEXOOLWLRQGHO
HDX SHUPHWG
pOLPLQHUOHVUpVLGXVGHFDIp
&03  'LVWULEXWHXUDYHFV\VWqPHGHODLWLQWpJUp SUpFpGHQWVORUVGXFKDQJHPHQWGH
5pVHUYRLUjODLWHQLQR[DYHFLVRODWLRQ W\SHGHJUDLQVGHFDIp
² 3RUWHVDQVSRLJQpHV\VWqPHGH FRQWHQDQFHOLWUHV &KDPEUHGHFRPSUHVVLRQDPRYLEOH
IHUPHWXUHGRXFHGHODSRUWH (FODLUDJH/('LQWpJUp SRXUQHWWR\DJH
² 2XYHUWXUHODWpUDOHFKDUQLqUHVj 5pVHUYRLUjJUDLQVDPRYLEOHDYHF %DFVUpFXSpUDWHXUVGXPDUFGHFDIpHW
JDXFKH FRXYHUFOHGHSURWHFWLRQG
DU{PH G
HDXODYDEOHVDXODYHYDLVVHOOH
² 2XYHUWXUHODWpUDOHFKDUQLqUHV FRQWHQDQFHJSHUPHWGHFKDQJHU 0RXVVHXUGHODLWODYDEOHDXODYHYDLVVHOOH
jJDXFKH VDQVHIIRUWGHW\SHGHFDIpHQJUDLQV
² 5pVLVWDQFHGHFKDXIIHSRXUXQ $MXVWHPHQWDXWRPDWLTXHGHODTXDQWLWp &RQVHLOVG
LQVWDOODWLRQ
FDIpLPPpGLDWHWXQHWHPSpUDWXUH GHFDIpPRXOX 2XYHUWXUHODWpUDOHFKDUQLqUHV
G
pEXOOLWLRQGHO
HDXFRQVWDQWH 5pVHUYRLUG
HDXDPRYLEOHFRQWHQDQFH jJDXFKHQRQUpYHUVLEOHV
² 7HFKQRORJLH$URPDSHUPHWWDQWGH OLWUHV +DXWHXUG
LQVWDOODWLRQLGpDOH
0RGXOHGHFRPPDQGHKDXW GpJDJHUWRXWO
DU{PHGXFDIp $IILFKDJHpOHFWURQLTXHSRXUOH FP jSDUWLUGXVRO 
&03    ࡱ ² 6\VWqPHGHQHWWR\DJH6LQJOH UHPSODFHPHQWGXILOWUHjHDX (VSDFHODWpUDOQpFHVVDLUHGHPLQL
3RUWHSOHLQYHUUH  ࡱ+7 3RUWLRQ&OHDQLQJDSUqVFKDTXH &RQWU{OHpOHFWURQLTXHGXUHPSOLVVDJH PPHQWUHIDoDGHGHO
DSSDUHLOHW
6pULJUDSKLH$QWKUDFLWH XWLOLVDWLRQ GHVEDFVUpFXSpUDWHXUVGXPDUFGH SDQQHDXG
KDELOODJHGXPHXEOH
&KDUQLqUHVjJDXFKH ² (FUDQ7)7VHQVLWLI FDIpHWG
HDX 'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
+RPH&RQQHFW ² $SSDUHLOVDQVEDQGHDXGH ODIDoDGHH[WpULHXUHGHODSRUWHPP
/DUJHXUFP FRPPDQGHDYHFPRGXOHGH ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH (QFDVG
LQVWDOODWLRQGDQVXQDQJOH
&03    ࡱ FRPPDQGHVXUODSRUWHYLWUpH SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW SUpYRLUXQHVSDFHODWpUDOGHFKDTXHF{Wp
3RUWHSOHLQYHUUH  ࡱ+7 ² 3UpSDUDWLRQGHVERLVVRQVSDU YLDXQFkEOH/$1 UHFRPPDQGp RX $QJOHG
RXYHUWXUHGHSRUWHHQYƒ
6pULJUDSKLH0HWDOOLF VLPSOHSUHVVLRQVXUXQHWRXFKH VDQVILOYLD:L)L GHVpULH GLVWDQFHODWpUDOHGHPLQ
&KDUQLqUHVjJDXFKH ² 3HUVRQQDOLVDWLRQGHVIRQFWLRQV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH PPjUHVSHFWHUSDUUDSSRUWDX
+RPH&RQQHFW ² 6HSWSRVVLELOLWpVG
pFODLUDJH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp PXU
/DUJHXUFP ² &RQWU{OHpOHFWURQLTXHGXQLYHDXGH GHVVHUYLFHV+RPH&RQQHFWGDQVOH 3RXUXQDQJOHG
RXYHUWXUHGHSRUWH
&03    ࡱ UHPSOLVVDJHGXODLWGHO
HDXHWGX SD\VUHVSHFWLI/HVVHUYLFHV+RPH G
HQYƒGLVWDQFHODWpUDOHGHPLQ
3RUWHSOHLQYHUUH  ࡱ+7 FDIpHQJUDLQVSHUPHWWDQWXQ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV PPjUHVSHFWHUSDUUDSSRUWDXPXU
6pULJUDSKLH6LOYHU UpVXOWDWSDUIDLW WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU 3RXUXQDQJOHG
RXYHUWXUHG
HQYƒ
&KDUQLqUHVjJDXFKH ZZZKRPHFRQQHFWFRP GLVWDQFHODWpUDOHGHPLQPPj
+RPH&RQQHFW 7\SHVGHERLVVRQV 3UpYRLUXQFkEOH/$1 UHVSHFWHUSDUUDSSRUWDXPXU SLqFH
/DUJHXUFP 5LVWUHWWR[5LVWUHWWR GpWDFKpH1U 
([SUHVVR[([SUHVVR 6pFXULWp ,QVWDOODWLRQSRVVLEOHGDQVQLFKH
/HSUL[FRPSUHQG ([SUHVVR0DFFKLDWR[([SUHVVR 6pFXULWpHQIDQWV VWDQGDUGKDXWHXUFPGLUHFWHPHQW
 YLVGHPRQWDJH 0DFFKLDWR DXGHVVXVG
XQ:6KDXWHXUFP
 FXLOOqUHSRXUGRVHUOHFDIpPRXOX &DIp[&DIp 1HWWR\DJH VDQVSODQFKHULQWHUPpGLDLUH
 EDQGHWHVWSRXUODGXUHWpGHO
HDX $PHULFDQR[$PHULFDQR 3URJUDPPHDXWRPDWLTXHGHULQoDJH /DFRQQH[LRQ/$1VHVLWXHjO
DUULqUH
 UpVHUYRLUjODLW LVROp &DIpDXODLW[&DIpDXODLW ORUVGHODPLVHHQURXWHHWGHO
DUUrW GHO
DSSDUHLOHQEDVjGURLWH
 WX\DXUDFFRUGHPHQWSRXUPRXVVH /DWWH0DFFKLDWR[/DWWH0DFFKLDWR 1HWWR\DJHDXWRPDWLTXHSDUYDSHXUGX $FFHVVRLUHVVSpFLDX[ jFRPPDQGHU
GHODLW &DSSXFFLQR[&DSSXFFLQR V\VWqPHGHODLWDSUqVFKDTXHERLVVRQ HQWDQWTXHSLqFHVGpWDFKpHV 
WX\DXjODLW )ODW:KLWH[)ODW:KLWH 3URJUDPPHVDXWRPDWLTXHVGH (71U)LOWUHjHDX
0RXVVHGHODLW[0RXVVHGHODLW QHWWR\DJHHWGHGpWDUWUDJH (71U7DEOHWWHVGH
/DLWFKDXG[/DLWFKDXG 3URJUDPPHGHYLGDQJHSRXUXQH GpWDUWUDJH
(DXFKDXGH[(DXFKDXGH SUpSDUDWLRQGHO
DSSDUHLODYDQW (71U7DEOHWWHVGH
OHGpSDUWHQYDFDQFHVRXSRXUOH QHWWR\DJH
%DQGHDXGHFRPPDQGH WUDQVSRUW (71U5pGXFWHXUG
DQJOH
3RUWHDYHFV\VWqPHGHIHUPHWXUH G
RXYHUWXUHjƒ
GRXFH (71U5pVHUYRLUjJUDLQV
&RPPDQGHSDUERXWRQVURWDWLIVHW DYHFFRXYHUFOH
pFUDQ7)7VHQVLWLI 
$IILFKDJHWH[WHFODLU &RQVHLOVG
LQVWDOODWLRQSRXU
3HUVRQQDOLVDWLRQGHVIRQFWLRQV O
LQWpJUDWLRQHQSDJHV
MXVTX
jERLVVRQVSHUVRQQDOLVDEOHVHW
PpPRULVDEOHV 9DOHXUVGHUDFFRUGHPHQW
5pJODJHSRVVLEOHGHWDLOOHVGH 3XLVVDQFHDEVRUEpHN:
ERLVVRQVOHYROXPHSRXYDQWrWUH &kEOHGHUDFFRUGHPHQWPDYHF
DGDSWpLQGLYLGXHOOHPHQWjODWDLOOHGH SULVH
FKDTXHWDVVH
QLYHDX[GHUpJODJHGHO
LQWHQVLWpGX
FDIpGHWUqVGRX[jH[WUDIRUW
QLYHDX[GHUpJODJHGHODWHPSpUDWXUH
GXFDIp
QLYHDX[GHUpJODJHGHOD
WHPSpUDWXUHGHO
HDXFKDXGH
5pJODJHGHQLYHDX[GHFRQWHQDQFH
SRXUOHFDIpDXODLW
'HJUpGHPRXWXUHUpJODEOH
%XVHGHVRUWLHGXFDIpUpJODEOHHQ
KDXWHXUGHjFP
$FFqVIDFLOHDX[UpVHUYRLUVG
HDXGH
ODLWHWGHFDIpHQJUDLQVVLWXpVGHUULqUH
ODSRUWH

&DUDFWpULVWLTXHV
8QLWpGHEUR\DJHDYHFGLVTXHVHQ
FpUDPLTXHVDQVHQWUHWLHQ
&RPSDUWLPHQWVpSDUpSRXUXQHH
VRUWHGHFDIpPRXOX
3RPSHjHDX%DUGHSUHVVLRQ
'RXEOHPRXWXUHHWGRXEOHpEXOOLWLRQ
SRXUGHVERLVVRQVH[WUDIRUWHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7LURLU6RXV9LGH6pULH &RQVHLOVG
LQVWDOODWLRQSRXU
'9 O
LQWpJUDWLRQHQSDJHV

² 7RXWLQWpJUDEOHGDQVXQHQLFKHGH 9DOHXUVGHUDFFRUGHPHQW
PHXEOHKDXWHXUFP 3XLVVDQFHWRWDOHN:
² +DELOODJHQpFHVVDLUHDYHFIDoDGH &kEOHGHUDFFRUGHPHQWP
GHPHXEOHHWSRLJQpHDSSDUHQWHRX DYHFSULVH
LQWpJUpH
'9  ࡱ ² &RPSDUWLPHQW6RXV9LGH
7RXWLQWpJUDEOH  ࡱ+7 K\JLpQLTXHHQLQR[KDXWHXUXWLOH
/DUJHXUFP+DXWHXUFP PD[LPDOHGHPP
² QLYHDX[G·DVSLUDWLRQGDQVOH
/HSUL[FRPSUHQG FRPSDUWLPHQWPD[
 6DFVSHWLWPRGqOH SFV ² QLYHDX[G·DVSLUDWLRQKRUV
 6DFVJUDQGPRGqOH SFV FRPSDUWLPHQWPD[
5HKDXVVHXU ² 'pWHFWLRQDXWRPDWLTXHGHOD
$GDSWDWHXUSRXUPLVH6RXV9LGH FRQQH[LRQSRXUODPLVH6RXV9LGH
 FRQWHQDQWVH[WHUQHV GDQVXQFRQWHQDQWH[WHUQH
7X\DXSRXUPLVH6RXV9LGH ² )HUPHWXUHGRXFHV
$GDSWDWHXUSRXUPLVH6RXV9LGH 
 ERXWHLOOHV 8WLOLVDWLRQV
 %RXFKRQVSRXUPLVH6RXV9LGH 0LVH6RXV9LGHSRXUFXLVVRQ6RXV
ERXWHLOOHV 9LGH
0LVH6RXV9LGHSRXUPDULQHU
$FFHVVRLUHVHQRSWLRQ UDSLGHPHQWHWDURPDWLVHU
%$ ࡱ 0LVH6RXV9LGHSRXUSURORQJHUOD
6DFVSRXUPLVH  ࡱ+7 GXUpHGHFRQVHUYDWLRQ
VRXVYLGHSHWLWPRGqOH 0LVH6RXV9LGHGDQVFRQWHQDQWV
PP[PPSLqFHV H[WHUQHV
%$  ࡱ 0LVH6RXV9LGHGHOLTXLGHVGDQV
6DFVSRXUPLVH ࡱ+7  ERXWHLOOHVjO·H[WpULHXUGX
VRXVYLGHJUDQGPRGqOH FRPSDUWLPHQW
PP[PPSLqFHV
%DQGHDXGHFRPPDQGH
&RPPDQGHVSDUWRXFKHVVHQVLWLYHV

&DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&KDUJHPD[LPDOHNJ
7DLOOHPD[LPDOHGXVDFGHPLVHVRXV
YLGHOPP[/PP
QLYHDX[GHWKHUPRVRXGXUHSRXU
GLIIpUHQWHVpSDLVVHXUVGHVDFV
%DUUHGHWKHUPRVRXGXUHDQWLDGKpUHQWH
DPRYLEOH
&RXYHUFOHHQYHUUHGHVpFXULWp
RXYHUWXUHDXWRPDWLTXHDSUqVPLVH
VRXVYLGH
5HKDXVVHXUSRXUPLVHVRXVYLGH
PPLQWpJUDEOH
(VSDFHXWLOHGDQVFRPSDUWLPHQW
OPP[/PP
0HPEUDQHSRXUpYLWHUOHUHIOX[GHV
OLTXLGHVHQFDVGHPLVHVRXVYLGHGDQV
XQFRQWHQDQWH[WHUQH
3URJUDPPHGHVpFKDJHSRXUODSRPSH
DVSLUDQWH
)RQFWLRQDODUPH

&RQVHLOVG
LQVWDOODWLRQ
$WWHQWLRQSUpYRLUREOLJDWRLUHPHQWXQH
SRLJQpHDSSRVpHVXUODIDoDGH
G
KDELOODJHRXXQHSRLJQpHLQWpJUpH
SRXUSHUPHWWUHO
RXYHUWXUHGHFHW
DSSDUHLO
(VSDFHODWpUDOQpFHVVDLUHGHPLQL
PPHQWUHIDoDGHGHO
DSSDUHLOHW
SDQQHDXG
KDELOODJHGXPHXEOH
,QVWDOODWLRQ%6%0&0GLUHFWHPHQW
DXGHVVXVGH'9GDQVQLFKHGHFP
VDQVSODQFKHULQWHUPpGLDLUH
,QVWDOODWLRQSRVVLEOHVRXVOHSODQGH
WUDYDLORXGDQVXQHQLFKHLQGLYLGXHOOH
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

7LURLU6RXV9LGH6pULH 
'93 

² ,QWpJUDEOHGDQVXQHQLFKHGH
PHXEOHKDXWHXUFP
² &RPSDUWLPHQW6RXV9LGH
+\JLpQLTXHHQLQR[KDXWHXUXWLOH
PD[LPDOHGHPP
'93  ࡱ ² QLYHDX[G
DVSLUDWLRQGDQVOH
)DoDGHHQYHUUH  ࡱ+7 FRPSDUWLPHQWPD[
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ² QLYHDX[G
DVSLUDWLRQKRUV
/DUJHXUFP+DXWHXUFP FRPSDUWLPHQWPD[
'93  ࡱ ² 'pWHFWLRQDXWRPDWLTXHGHOD
)DoDGHHQYHUUH  ࡱ+7 FRQQH[LRQSRXUODPLVH6RXV9LGH
6pULJUDSKLH0HWDOOLF*DJJHQDX GDQVXQFRQWHQDQWH[WHUQH
/DUJHXUFP+DXWHXUFP ² ,QVWDOODWLRQjIOHXU
'93  ࡱ ² 7LURLUVDQVSRLJQpH
)DoDGHHQYHUUH  ࡱ+7 ² 6\VWqPHG
RXYHUWXUH3XVK3XOO
6pULJUDSKLH6LOYHU*DJJHQDX
/DUJHXUFP+DXWHXUFP 8WLOLVDWLRQV
0LVH6RXV9LGHSRXUFXLVVRQ
/HSUL[FRPSUHQG 6RXV9LGH
 6DFVSHWLWPRGqOH SFV 0LVH6RXV9LGHSRXUPDULQHU
 6DFVJUDQGPRGqOH SFV UDSLGHPHQWHWDURPDWLVHU
 5HKDXVVHXU 0LVH6RXV9LGHSRXUSURORQJHUOD
 $GDSWDWHXUSRXUPLVH6RXV9LGH 'XUpHGHFRQVHUYDWLRQ 3ULVH
FRQWHQDQWVH[WHUQHV 0LVH6RXV9LGHGDQVFRQWHQDQWV
 7X\DXSRXUPLVH6RXV9LGH H[WHUQHV
0HVXUHVHQPP
 $GDSWDWHXUSRXUPLVH6RXV9LGH 0LVH6RXV9LGHGHOLTXLGHV
 ERXWHLOOHV GDQVERXWHLOOHVjO
H[WpULHXUGX
 %RXFKRQVSRXUPLVHVRXV9LGH FRPSDUWLPHQW
ERXWHLOOHV
%DQGHDXGHFRPPDQGH
$FFHVVRLUHVHQRSWLRQ &RPPDQGHVSDUWRXFKHVVHQVLWLYHV
%$ ࡱ
6DFVSRXUPLVH  ࡱ+7 &DUDFWpULVWLTXHV
VRXVYLGHSHWLWPRGqOH 9ROXPHXWLOHOLWUHV
PP[PPSLqFHV &KDUJHPD[LPDOHNJ
%$  ࡱ 7DLOOHPD[LPDOHGXVDFGHPLVHVRXV
6DFVSRXUPLVH ࡱ+7  YLGHOPP[/PP
VRXVYLGHJUDQGPRGqOH QLYHDX[GHWKHUPRVRXGXUHSRXU
PP[PPSLqFHV GLIIpUHQWHVpSDLVVHXUVGHVDFV
%DUUHGHWKHUPRVRXGXUHDQWLDGKpUHQWH
DPRYLEOH
&RXYHUFOHHQYHUUHGHVpFXULWp
RXYHUWXUHDXWRPDWLTXHDSUqVPLVH
VRXVYLGH
5HKDXVVHXUSRXUPLVHVRXVYLGH
PPLQWpJUDEOH
(VSDFHXWLOHGDQVFRPSDUWLPHQW
/PP[OPP
0HPEUDQHSRXUpYLWHUOHUHIOX[GHV
OLTXLGHVHQFDVGHPLVHVRXVYLGHGDQV
XQFRQWHQDQWH[WHUQH
3URJUDPPHGHVpFKDJHSRXUODSRPSH
DVSLUDQWH
)RQFWLRQDODUPH

&RQVHLOVG
LQVWDOODWLRQ
(VSDFHODWpUDOQpFHVVDLUHGHPLQL 0HVXUHVHQPP
PPHQWUHIDoDGHGHO
DSSDUHLOHW
SDQQHDXG
KDELOODJHGXPHXEOH
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHW
ODIDoDGHGHO
DSSDUHLOPP
,QVWDOODWLRQ%6%0&0GLUHFWHPHQW
DXGHVVXVGH'9GDQVQLFKHGHFP
VDQVSODQFKHULQWHUPpGLDLUH
,QVWDOODWLRQSRVVLEOHVRXVOHSODQGH
WUDYDLORXGDQVXQHQLFKHLQGLYLGXHOOH
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO
0LVHHQSODFHREOLJDWRLUHGXILOWUHj
KXLOHGDQVODSRPSH

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7LURLUFKDXIIDQW6pULH
:63 

² ,QVWDOODWLRQjIOHXU
² 7LURLUFKDXIIDQWVDQVSRLJQpH
² 6\VWqPHG
RXYHUWXUH3XVK3XOO
² ,QWpULHXUHQLQR[DYHFVROHHQYHUUH
² QLYHDX[GHUpJODJHDYHF
:63    ࡱ WHPSpUDWXUHVGHƒ&jƒ&
)DoDGHHQYHUUH  ࡱ+7 VROHHQYHUUH
6pULJUDSKLH$QWKUDFLWH*DJJHQDX ² (JDOHPHQWSRXUODSUpSDUDWLRQHWOD
/DUJHXUFP+DXWHXUFP FXLVVRQGHVDOLPHQWVDLQVLTXH
:63    ࡱ SRXUOHPDLQWLHQDXFKDXGGHV
)DoDGHHQYHUUH  ࡱ+7 DOLPHQWV
6pULJUDSKLH0HWDOOLF*DJJHQDX
/DUJHXUFP+DXWHXUFP 0RGHVGHFXLVVRQ WSP 221 sous BSP, BMP, CMP
:63    ࡱ 'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH
)DoDGHHQYHUUH  ࡱ+7 3UpFKDXIIDJHGHSHWLWVFRQWHQDQWV
6pULJUDSKLH6LOYHU*DJJHQDX SRXUERLVVRQV
/DUJHXUFP+DXWHXUFP 0DLQWLHQDXFKDXG&XLVVRQEDVVH
WHPSpUDWXUHG
DOLPHQWV
3UpFKDXIIHUODYDLVVHOOH

%DQGHDXGHFRPPDQGH
&RPPDQGHSDUERXWRQURWDWLI

&DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&DSDFLWpYDLVVHOOHSRXUSHUVDYHF
DVVLHWWHVGLDPFPHWEROVjVRXSH
VDODGLHUVHWXQSODWGHVHUYLFHVHORQ
WDLOOH
&KDUJHPD[LPDOHNJ
'LPHQVLRQVLQWpULHXUHVXWLOHV
/[+[3PP
5pVLVWDQFHVRXVODVROHHQYHUUHSRXU
XQHQWUHWLHQIDFLOH
9HQWLODWLRQLQWpJUpHDVVXUDQWXQH
UpSDUWLWLRQKRPRJqQHGHODFKDOHXUHW
XQSUpFKDXIIDJHSOXVUDSLGHGHOD
YDLVVHOOH
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQW
VXUODIDoDGHHQYHUUH
6ROHHQYHUUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
(VSDFHODWpUDOQpFHVVDLUHGHPLQL
PPHQWUHIDoDGHGHO
DSSDUHLOHW
SDQQHDXG
KDELOODJHGXPHXEOH
'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
YLWUHDYDQWGHO
DSSDUHLOPP
,QVWDOODWLRQ%63%03&03
GLUHFWHPHQWDXGHVVXV:63GDQVXQH
QLFKHGHFPVDQVSODQFKHU
LQWHUPpGLDLUH
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
)RXUV6pULH 

7LURLUFKDXIIDQW6pULH
:63 

² ,QVWDOODWLRQjIOHXU
² 7LURLUFKDXIIDQWVDQVSRLJQpH
² 6\VWqPHG
RXYHUWXUH3XVK3XOO
² ,QWpULHXUHQLQR[DYHFVROHHQYHUUH
² QLYHDX[GHUpJODJHDYHF
WHPSpUDWXUHVGHƒ&jƒ&
VROHHQYHUUH
² (JDOHPHQWSRXUODSUpSDUDWLRQHWOD
FXLVVRQGHVDOLPHQWVDLQVLTXH
:63    ࡱ SRXUOHPDLQWLHQDXFKDXGGHV
)DoDGHHQYHUUH  ࡱ+7 DOLPHQWV
6pULJUDSKLH$QWKUDFLWH*DJJHQDX
/DUJHXUFP+DXWHXUFP 0RGHVGHFXLVVRQ
:63    ࡱ 'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH
)DoDGHHQYHUUH  ࡱ+7 3UpFKDXIIDJHGHSHWLWVFRQWHQDQWV
6pULJUDSKLH0HWDOOLF*DJJHQDX SRXUERLVVRQV
/DUJHXUFP+DXWHXUFP 0DLQWLHQDXFKDXG&XLVVRQEDVVH
:63    ࡱ WHPSpUDWXUHG
DOLPHQWV
)DoDGHHQYHUUH  ࡱ+7 3UpFKDXIIHUODYDLVVHOOH
6pULJUDSKLH6LOYHU*DJJHQDX
/DUJHXUFP+DXWHXUFP %DQGHDXGHFRPPDQGH
&RPPDQGHSDUERXWRQURWDWLI

&DUDFWpULVWLTXHV
9ROXPHXWLOHOLWUHV
&DSDFLWpYDLVVHOOHSRXUSHUVDYHF
DVVLHWWHVGLDPFPHWEROVjVRXSH
VDODGLHUVHWXQSODWGHVHUYLFHVHORQ
WDLOOH
&KDUJHPD[LPDOHNJ
'LPHQVLRQVLQWpULHXUHVXWLOHV
/[+[3PP
5pVLVWDQFHVRXVODVROHHQYHUUHSRXU
XQHQWUHWLHQIDFLOH
9HQWLODWLRQLQWpJUpHDVVXUDQWXQH
UpSDUWLWLRQKRPRJqQHGHODFKDOHXUHW
XQSUpFKDXIIDJHSOXVUDSLGHGHOD
YDLVVHOOH
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQW
VXUODIDoDGHHQYHUUH
6ROHHQYHUUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
(VSDFHODWpUDOQpFHVVDLUHGHPLQL
PPHQWUHIDoDGHGHO
DSSDUHLOHW
SDQQHDXG
KDELOODJHGXPHXEOH
'LVWDQFHHQWUHOHFRUSVPHXEOHHWOD
YLWUHDYDQWGHO
DSSDUHLOPP 0HVXUHVHQPP
5DFFRUGHPHQWpOHFWULTXHSRVVLEOH
GHUULqUHO
DSSDUHLO

&RQVHLOVG
LQVWDOODWLRQSRXU
O
LQWpJUDWLRQSDJHV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHDEVRUEpHN:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$FFHVVRLUHVSRXU6pULH

1RWLILFDWLRQWRXVOHVDFFHVVRLUHVQHV
DGDSWHQWSDVjWRXVOHVIRXUV3OXVGHSUpFLVLRQVGDQVOHVWDEOHDX[SDJHV

%$  ࡱ %$   ࡱ


7ULSOHUDLOWpOHVFRSLTXH ࡱ+7  /qFKHIULWHpPDLOOp ࡱ+7
VRUWLHWRWDOHSRXUIRXUFRPELYDSHXU 3URIRQGHXUPP
3RXU%23

%$   ࡱ


%$   ࡱ /qFKHIULWHpPDLOOp ࡱ+7
5DLOWpOHVFRSLTXH ࡱ+7  3URIRQGHXUPP
6RUWLHWRWDOH 3RXUIRXUVS\URO\VHFP
3RXUIRXUVS\URO\VHFP

%$ ࡱ %$   ࡱ


5pFLSLHQWHQLQR[ ࡱ+7 UDLOV ࡱ+7 
QRQSHUIRUp WpOHVFRSLTXHVVRUWLHWRWDOH
SURIRQGHXUPPOLWUH 3RXU%23

%$ ࡱ
5pFLSLHQWHQLQR[ ࡱ+7
SHUIRUp
SURIRQGHXUPPOLWUH
%$   ࡱ
5pVLVWDQFH ࡱ+7 
SRXUSLHUUHjSDLQHWjSL]]DVHWIDLWRXW
%$ ࡱ HQIRQWH
5pFLSLHQWDQWLDGKpUHQW ࡱ+7 3RXUIRXUVS\URO\VHFP
QRQSHUIRUp
SURIRQGHXUPPOLWUHV

%$   ࡱ


3LHUUHjSDLQ ࡱ+7 
%$ ࡱ HWjSL]]DV
5pFLSLHQWDQWLDGKpUHQW ࡱ+7 &RPSUHQGVXSSRUWHWSHOOH
SHUIRUp 5pVLVWDQFHjFRPPDQGHUVpSDUpPHQW 
SURIRQGHXUPPOLWUHV 1RQFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH
3RXU%23
%$   ࡱ
3LHUUHjSDLQ ࡱ+7 
HWjSL]]DV
%$   ࡱ &RPSUHQGVXSSRUWHWSHOOH
7{OHjSDWLVVHULH ࡱ+7 5pVLVWDQFHjFRPPDQGHUVpSDUpPHQW 
pPDLOOpH 1RQFRPSDWLEOHDYHFUDLOWpOHVFRSLTXH
3URIRQGHXUPP 3RXUIRXUVS\URO\VHFP
3RXUIRXUVS\URO\VHFP
%$ ࡱ
5pFLSLHQWHQLQR[ ࡱ+7 
QRQSHUIRUpPPOLWUHV

%$   ࡱ


*ULOOH ࡱ+7 
VDQVRXYHUWXUHDYHFSLHGV
3RXU%23

%$ ࡱ
5pFLSLHQWHQLQR[ ࡱ+7 
%$   ࡱ SHUIRUpPPOLWUHV
*ULOOH ࡱ+7 
VDQVRXYHUWXUHDYHFSLHGV
3RXUIRXUVS\URO\VHFP

%6   ࡱ


3HOOH ࡱ+7 
SRXUHQIRXUQHUSDLQSL]]DV
%$   ࡱ 6HWGH
/qFKHIULWHHQYHUUH ࡱ+7
3URIRQGHXUPP
)RXUV6pULH 

*1   ࡱ &/6   ࡱ


$GDSWDWHXU ࡱ+7  &DUWRXFKHVGH  ࡱ+7
SRXUUpFLSLHQW*DVWUR1RUP QHWWR\DJH
HWJULOOH 6HWGH
3RXUWRXVOHVIRXUVFRPELQpYDSHXU 3RXUIRXUVFRPELYDSHXU
%6%63VDXI%63 jUDFFRUGHPHQWGLUHFW

*1   ࡱ


5pFLSLHQW ࡱ+7 
*DVWUR1RUPLQR[*1
QRQSHUIRUp %$   ࡱ
3URIRQGHXUPPOLWUHV 6DFVSRXUPLVH ࡱ+7 
VRXVYLGHSHWLWPRGqOH
PP[PPSLqFHV
*1   ࡱ 5pVLVWDQWVGHƒjƒ&
5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[*1
QRQSHUIRUp
3URIRQGHXUPPOLWUHV
%$   ࡱ
6DFVSRXUPLVH  ࡱ+7 
VRXVYLGHJUDQGPRGqOH
PP[PPSLqFHV
*1   ࡱ 5pVLVWDQWVGHƒjƒ&
5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[*1
SHUIRUp
3URIRQGHXUPPOLWUHV

*1   ࡱ


5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[*1SHUIRUp
3URIRQGHXUPPOLWUHV

*1   ࡱ


)DLWRXW*DVWUR1RUP ࡱ+7 
HQIRQWHG
DOXPLQLXP*1
KDXWHXUPPDQWLDGKpUHQW
3HUPHWGHVDLVLUGDQVOHIRXUDYHFOD
IRQFWLRQ)DLWRXW
8WLOLVDWLRQLQGpSHQGDQWHGHODSDUWLH
EDVVHHWRXGXFRXYHUFOHKDXWHXU
HWPP
8WLOLVDWLRQGDQVOHVIRXUV%$
RX%$DYHFOHUDLOWpOHVFRSLTXH
%$RX%$ UpVLVWDQFHj
FRPPDQGHUVpSDUpPHQW HWGDQVOHV
IRXUVYDSHXUHWFRPELYDSHXUDYHF
DGDSWDWHXU*1
HWUDLOWpOHVFRSLTXH%$
pOpPHQWVjFRPPDQGHUVpSDUpPHQW 

&RQVHLO
7RXVOHVDFFHVVRLUHVQHV
DGDSWHQWSDV
GDQVWRXVOHVIRXUV3OXVGHSUpFLVLRQV
GDQVOHVWDEOHDX[S

3RXUFRPPDQGHUFHVDFFHVVRLUHVHQ
OLJQHVHUHSRUWHUDX[SDJHV
$FFHVVRLUHVIRXUV6pULH

5pIpUHQFHV 5pIpUHQFHV %23%23 %23%23


RQOLQH
7{OHjSkWLVVHULH )RXU )RXU

%$  W{OHjSDWLVVHULHSURIRQGHXUPP ‡঑ ‡঑


5DLOVWpOHVFRSLTXHV
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHVXSSRUWHQIRQWHS\URO\VDEOH ঑ ঑
%$  UDLOWpOHVFRSLTXHVRUWLHWRWDOHSRXUIRXUV%23%23
%$ WULSOHUDLOWpOHVFRSLTXHVRUWLHWRWDOHSRXUIRXUFRPELYDSHXU
3DURLVSpFLDOHGHIRXUDYHFpPDLOFDWDO\WLTXH
 SDURLSODIRQGGHIRXUSRXUPRQWDJHXOWpULHXU
 SDURLIRQGGHIRXUSRXUPRQWDJHXOWpULHXU
3LHUUHjSDLQHWjSL]]DV
SLHUUHjSDLQHWjSL]]DFRPSUHQDQWSHOOHHWVXSSRUW
%$ 
UpVLVWDQFHjFRPPDQGHUVpSDUpPHQW
SLHUUHjSDLQHWjSL]]DFRPSUHQDQWSHOOHHWVXSSRUW
%$  ঑ ঑
UpVLVWDQFHjFRPPDQGHUVpSDUpPHQW
5pFLSLHQWIRXUYDSHXU
%$  UpFLSLHQWLQR[QRQSHUIRUpPPGHSURIRQGHXUOLWUHV
%$  UpFLSLHQWLQR[SHUIRUpPPGHSURIRQGHXUOLWUHV
%$  UpFLSLHQWDQWLDGKpUHQWQRQSHUIRUpPPGHSURIRQGHXUOLWUHV
%$  UpFLSLHQWDQWLDGKpUHQWSHUIRUpPPGHSURGRQGHXUOLWUHV
%$  UpFLSLHQWHQLQR[QRQSHUIRUpPPGHSURIRQGHXUOLWUHV
%$  UpFLSLHQWHQLQR[QRQSHUIRUpPPGHSURIRQGHXUOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[QRQSHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[QRQSHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
*1  UpFLSLHQW*DVWUR1RUPSHUIRUpPPGHSURIRQGHXUOLWUHV
UpFLSLHQW*DVWUR1RUPHQLQR[SHUIRUp
*1 
PPGHSURIRQGHXUOLWUHV
)DLWRXW*DVWUR1RUPHQIRQWHG
DOXPLQLXP
*1  IDLWRXWHQIRQWHG
DOXPLQLXPUHYrWHPHQWDQWLDGKpUHQW ঑ ঑ VDQVIRQFWLRQU{WLVVHULH
*DVWUR1RUPKDXWHXUPP
SRXUIRXUVDYHFUpVLVWDQFHGHFKDXWH%$RX%$
HWUDLOWpOHVFRSLTXH%$RX%$ jFRPPDQGHUVpSDUpPHQW 
HWSRXUIRXUVFRPELYDSHXUDYHFDGDSWDWHXU*1DYHFUDLO
WpOHVFRSLTXH%$
$GDSWDWHXUSRXUUpFLSLHQW*DVWUR1RUP
*1  DGDSWDWHXUSRXUUpFLSLHQW*DVWUR1RUP
/qFKHIULWHHQYHUUH
%$  OqFKHIULWHHQYHUUHSURIRQGHXUPP ‡঑ ‡঑
*ULOOH
%$  JULOOHGHFXLVVRQVDQVRXYHUWXUHDYHFSLHGV ‡঑ ‡঑
 JULOOHSRXUOqFKHIULWH%$DYHFEXWpHVDQVRXYHUWXUH
 JULOOHSRXUOqFKHIULWH%$DYHFRXYHUWXUHHWSLHGV ঑ ঑
/qFKHIULWHpPDLOOpH
%$  OqFKHIULWHpPDLOOpHSURIRQGHXUPP ঑ ঑
5pVLVWDQFHFKDXIIDQWH
UpVLVWDQFHSRXU3LHUUHjSDLQSL]]DVHWIDLWRXWHQIRQWH$FFHVVRLUH
%$  ঑ ঑
LQGLVSHQVDEOHSRXUSLHUUHjSDLQSL]]DV%$HW%$
3HOOHjSL]]DV
%6  3HOOHSRXUHQIRXUQHUSDLQSL]]DV VHWGH ঑ ঑
1HWWR\DJH
&/6 FDUWRXFKHVGHQHWWR\DJH
 WDEOHWWHVGHGpWDUWUDJHSRXUIRXUFRPELYDSHXU
 FDUWRXFKHGH=OWUHjHDXGHUHPSODFHPHQW
 WDEOHWWHVGHGpWDUWUDJH
 WDEOHWWHVGHQHWWR\DJH
6DFVGHPLVHVRXVYLGH
%$ VDFVGHPLVHVRXVYLGHSHWLWPRGqOH[PPSLqFHV
%$ VDFVGHPLVHVRXVYLGHJUDQGPRGqOH[PPSLqFHV
5DFFRUGHPHQWjO
HDX
V\VWqPHGH=OWUDJHDQWLFDOFDLUHHWQHXWUDOLVDWLRQGXJR€W
*) 
qUHLQVWDOODWLRQ
*)  FDUWRXFKHGH=OWUDJHSRXU*)
*=  UDOORQJHSRXUDUULYpHHWpYDFXDWLRQG
HDX

‡/LYUpGHVpULH
঑$FFHVVRLUHVSpFLDO
)RXUV6pULH 

%23%23 %63%63 %63%63 %63%63 %63%63 &03 '93

)RXU )RXU&RPELYDSHXU )RXU&RPELYDSHXU )RXU&RPELYDSHXU )RXU9DSHXU 0DFKLQHH[SUHVVR 7LURLUVRXVYLGH


WRXWDXWRPDWLTXH


঑ ঑ ঑


‡঑ ‡঑ ‡঑


‡঑ ‡঑ ‡঑
঑ ঑ ঑
঑ ঑ ঑
‡঑
‡঑
঑ ঑ ঑

঑ ঑ ঑
঑ ঑ ঑
঑ ঑ ঑

঑ ঑ ঑

঑ ঑ ঑

঑ ঑ ঑ ঑ ঑

‡঑
঑ ঑ ঑ ঑



঑ ঑

঑ ঑
঑ ঑
)RXUV6pULH

7\SHG
DSSDUHLO )RXU )RXU
&KDUQLqUHVjGURLWHJDXFKH %23%23 %23%23
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH %23 %23
3RUWHSOHLQYHUUH*DJJHQDX0HWDOOLF %23 %23
3RUWHSOHLQYHUUH*DJJHQDX6LOYHU %23 %23
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3 PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH(>FLHQFHpQHUJpWLTXH VHORQQRUPHV(8(1HW
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
&ODVVHG
HZFDFLWppQHUJpWLTXHHQ&KDOHXUWRXUQDQWH(FR $ $
,QGH[(ZFLHQFH(QHUJpWLTXH ((,  
&RQVRPPDWLRQ6ROH9R€WH N:K  
&RQVRPPDWLRQ&KDOHXUWRXUQDQWH(FR N:K  
6RXUFHG
pQHUJLH (OHFWULTXH (OHFWULTXH
0RGHVGHFXLVVRQ
3ODJHGHWHPSpUDWXUH ƒ& ² ²
&KDOHXUWRXUQDQWH&KDOHXUWRXUQDQWH(FR9R€WH6ROH ‡‡‡ ‡‡‡
9R€WH6ROH&KDOHXUWRXUQDQWH6ROH ‡‡‡ ‡‡‡
*ULOJUDQGHVXUIDFH$LUYHQWLOp ‡ ‡
*ULOJUDQGHVXUIDFH ‡ ‡
*ULO(FR ‡ ²
&XLVVRQVXUSLHUUHjSDLQHWjSL]]DV ‡ ‡
&XLVVRQGDQVIDLWRXWHQIRQWH ‡ ²
(WXYH'pFRQJpODWLRQ0DLQWLHQDXFKDXG ‡‡² ²²²
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡ ‡
0RGXOHGHFRPPDQGHKDXWEDV ‡² ‡²
$ZFKDJHWH[WHFODLU 1EGHODQJXHV  
5HFHWWHVSHUVRQQHOOHV  
3RUWHjRXYHUWXUHODWpUDOH ƒ ƒ
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡ ‡
6RQGHWKHUPRPpWULTXHDPRYLEOHjSRLQWVGHPHVXUH ‡ ²
3URJUDPPHDXWRPDWLTXHV ‡ ²
3ULVHSRXUSLHUUHjSDLQHWjSL]]DV ‡ ‡
)RQFWLRQVDLVLUGDQVIDLWRXW ‡ ²
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡ ‡
3UpFKDXWDJHUDSLGH ‡ ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHULHFKURQRPqWUH ‡ ‡
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡ ‡
(FODLUDJHKDORJqQHYR€WH :  
1LYHDX[GHFXLVVRQ 1E  
&RQQH[LRQ+RPH&RQQHFWYLD/$1RXYLD:L)L ‡ó ‡ó
$FFHVVRLUHV
7{OHjSkWLVVHULHpPDLOOpH  
7DLOOHGHODSOXVJUDQGHW{OHGHFXLVVRQ  FPò  
*ULOOH  
/qFKHIULWHpPDLOOp*ULOOHSRXUOqFKHIULWH %$òò %$òò
/qFKHIULWHHQYHUUH  
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXHDYHFSOXVLHXUVYLWUHV YLWUHV YLWUHV
6pFXULWpHQIDQWV9HUURXLOODJHSRUWH&RXSXUHGHVpFXULWp ‡‡ ‡‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡ ‡
1HWWR\DJH
$XWRQHWWR\DJHSDUS\URO\VH ‡ ‡
3DURLFDWDO\WLTXHIRQGGHIRXUSODIRQG ² ²
(PDLOEOHX*DJJHQDX ‡ ‡
&DWDO\VHXUpOHFWULTXHGHIXPpHVSXUL=DQWO
DLUUHMHWp ‡ ‡
)LOWUHjJUDLVVHGHYDQWOHYHQWLODWHXUG
DLUFKDXG ² ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKH
ò$FFHVVRLUHVHQRSWLRQ
ó/
XWLOLVDWLRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
)RXUV6pULH 

)RXU
%23%23
%23
%23
%23


[[

[[



[[
$



(OHFWULTXH

²
‡‡‡
‡‡‡
‡
‡
²
‡
²
²²²

‡
‡²


ƒ

‡
²
²
‡
²
‡
‡
‡
‡


‡ó




²
%$ò

YLWUHV
‡‡
‡

²
òò
‡
‡
²


)RXUV&RPELYDSHXUHW)RXUVYDSHXU6pULH

7\SHG
DSSDUHLO )RXU&RPELYDSHXU )RXU&RPELYDSHXU
&KDUQLqUHVjGURLWHjJDXFKH %63%63 %63%63
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH %63%63 %63%63
3RUWHSOHLQYHUUH*DJJHQDX0HWDOOLF %63%63 %63%63
3RUWHSOHLQYHUUH*DJJHQDX6LOYHU %63%63 %63%63
'LPHQVLRQV
/DUJHXU FP
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH(IILFLHQFHpQHUJpWLTXH VHORQQRUPH(8(1(7
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
&ODVVHG
HZFLHQFHpQHUJpWLTXHHQ&KDOHXUWRXUQDQWHG
KXPLGLWp $ $
,QGH[(ZFLHQFH(QHUJpWLTXH ((,  
&RQVRPPDWLRQHQ&KDOHXUWRXUQDQWHG
KXPLGLWp N:K  
6RXUFHG
pQHUJLH (OHFWULTXH (OHFWULTXH
0RGHVGHFXLVVRQ
3ODJHGHWHPSpUDWXUH ƒ& ² ²
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
&KDOHXUWRXUQDQWHG
KXPLGLWp ‡ ‡
KXPLGLWp ² ²
&XLVVRQEDVVHWHPSpUDWXUH ‡ ‡
&XLVVRQYDSHXUEDVVHWHPSpUDWXUH ² ²
&XLVVRQVRXVYLGH ‡ ‡
*ULOJUDQGHVXUIDFHQLYHDXKXPLGLWp ‡ ‡
*ULOJUDQGHVXUIDFHQLYHDXKXPLGLWp ‡ ‡
*ULOJUDQGHVXUIDFH$LUYHQWLOp ‡ ‡
)HUPHQWDWLRQ ‡ ‡
'pFRQJpODWLRQ ‡ ‡
5pJpQpUDWLRQ ‡ ‡
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡ ‡
0RGXOHGHFRPPDQGHKDXWEDV ‡² ‡²
$ZFKDJHWH[WHFODLU 1EGHODQJXHV  
5HFHWWHVSHUVRQQHOOHV  
3RUWHjRXYHUWXUHODWpUDOH ƒ ƒ
&DUDFWpULVWLTXHV
9DSHXUVDQVSUHVVLRQ ‡ ‡
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡ ‡
*ULOJUDQGHVXUIDFHGHUULqUHYLWURFpUDPLTXH  
6RQGHWKHUPRPpWULTXHjSRLQWVGHPHVXUH ‡ ‡
3URJUDPPHVDXWRPDWLTXHV ‡ ‡
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡ ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHUXHFKURQRPqWUH ‡ ‡
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡ ‡
'pWHFWLRQDXWRPDWLTXHGXSRLQWG
pEXOOLWLRQ ‡ ‡
&DSDFLWpGXUpVHUYRLUG
HDXDYHUWLVVHPHQWQLYHDXPLQLPXP O ‡ ‡
(FODLUDJHODWpUDO/(' :  
1LYHDX[GHFXLVVRQLQWpULHXULQR[ 1E ‡ ‡
+RPH&RQQHFWYLD/$1RX:L)Ló ‡ ‡
$FFHVVRLUHV
7DLOOHGHODSOXVJUDQGHW{OHGHFXLVVRQ FPò  
*ULOOH  
5pFLSLHQW*DVWUR1RUPLQR[PPSHUIRUpQRQSHUIRUp  
&DUWRXFKHVGHQHWWR\DJH  ²
7DEOHWWHVGHGpWDUWUDJH ò ò
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXHDYHFSOXVLHXUVYLWUHV YLWUHV YLWUHV
6pFXULWpHQIDQW9HUURXLOODJHGHSRUWH&RXSXUHGHVpFXULWp ‡‡ ‡‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡ ‡
1HWWR\DJH
$LGHDXQHWWR\DJH3URJUDPPHGHQHWWR\DJH ‡‡ ‡‡
$LGHDXGpWDUWUDJH3URJUDPPHGHVpFKDJH ²‡ ²‡
6pFKDJHDXWRPDWLTXHjOD=QGXSURJUDPPHGHFXLVVRQ ‡ ‡
)LOWUHjJUDLVVHGHYDQWODVRUWLHG
DLUFKDXG ² ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUGHO
DSSDUHLOGDQVODQLFKHò$FFHVVRLUHSLqFHGpWDFKpHRQOLQH
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
)RXUV6pULH 

)RXU&RPELYDSHXU )RXUYDSHXU
%63%63 %63%63
%63%63 %63%63
%63%63 %63%63
%63%63 %63%63

 
[[ [[
 
[[ [[
 

 
[[ [[
$


(OHFWULTXH

² ²
‡ ²
‡ ²
‡ ²
‡ ²
‡ ²
² ‡
‡ ²
² ‡
‡ ‡
‡ ²
‡ ²
‡ ²
‡ ‡
‡ ‡
‡ ‡

‡ ‡
‡² ‡²
 
 ²
ƒ ƒ

‡ ‡
‡ ‡

‡ ²
‡ ²
‡ ‡
‡ ‡
‡ ²
‡ ‡
‡ ‡
 
‡ ‡
‡ ‡

 
 
 
² ²
ò ò

YLWUHV YLWUHV
‡‡ ‡‡
‡ ‡

‡‡ ‡²
²‡ ²‡
‡ ‡
‡ ²

 
)RXUVPLFURRQGHVFRPELQpHWIRXUVPLFURRQGHV6pULH

7\SHG
DSSDUHLO )RXUFRPELQpPLFURRQGHV 0LFURRQGHV
&KDUQLqUHVjGURLWHJDXFKH %03%03 %03%03
3RUWHSOHLQYHUUH*DJJHQDX$QWKUDFLWH %03%03 %03%03
3RUWHSOHLQYHUUH*DJJHQDX0HWDOOLF %03%03 %03%03
3RUWHSOHLQYHUUH*DJJHQDX6LOYHU %03%03 %03%03
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3 PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
[[ 0HXEOHKDXW
3RLGVQHW NJ  
9ROXPH
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
0RGHVGHFXLVVRQ
3XLVVDQFHPD[LPXPGXPLFURRQGHV :  
1LYHDX[GHSXLVVDQFHGXPLFURRQGHV 1E  
&KDOHXUWRXUQDQWHDYHFUpJXODWLRQGHWHPSpUDWXUH ƒ& ² ²
*ULOJUDQGHVXUIDFHFKDOHXUWRXUQDQWHDYHFUpJXODWLRQGHWHPSpUDWXUH ƒ& ² ²
*ULOJUDQGHVXUIDFH$LUYHQWLOpDYHFUpJXODWLRQGHWHPSpUDWXUH ƒ& ² ²
*ULOJUDQGHVXUIDFHTXDUW]DYHFQLYHDX[G
LQWHQVLWp 1E  
3XLVVDQFHPD[LPDOHGXJULO :  
3XLVVDQFHHQFKDOHXUWRXUQDQWH :  ²
3XLVVDQFHPD[LPDOHGXPLFURRQGHVHQFRPELQDLVRQDYHFJULOHWIRXU :  
2SpUDWLRQVVpTXHQFpHVMXVTX
jPRGHVLQFO3URJUDPPDWLRQG
RSpUDWLRQV
‡ ‡
FRPELQpHVHWWHPSVGHUHSRV
3URJUDPPHVDXWRPDWLTXHVVHORQOHSRLGV 1E  
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡ ‡
0RGXOHGHFRPPDQGHKDXWEDV ‡² ²‡
2XYHUWXUHDXWRPDWLTXHGHSRUWH ‡ ‡
$ZFKDJHWH[WHFODLU 1EGHODQJXHV  
5HFHWWHVSHUVRQQHOOHV  
3RUWHjRXYHUWXUHODWpUDOH ƒ ƒ
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXHGHWHPSpUDWXUH ‡ ‡
7KHUPRWHVW$ZFKDJHGHODWHPSpUDWXUHUpHOOH ‡ ²
3UpFKDXWDJHUDSLGH ‡ ²
6\VWqPH,QQRZDYH ‡ ‡
'XUpHGHODFXLVVRQ=QGHODFXLVVRQPLQXWHULHFKURQRPqWUH ‡‡‡‡ ‡²²²
0LQXWHULHVSpFLDOHFXLVVRQORQJXHGXUpH ‡ ²
(FODLUDJHLQWpULHXUODWpUDO :  
1LYHDX[GHFXLVVRQ 1E  ²
$FFHVVRLUHV
3ODWHDXYHUUH ‡ ‡
*ULOOH ‡ ‡
7LJHHQYHUUH ‡ ‡
6pFXULWp
3RUWHDYHFLVRODWLRQWKHUPLTXHDYHFSOXVLHXUVYLWUHV ‡ ‡
6pFXULWpHQIDQWV&RXSXUHGHVpFXULWp ‡‡ ²‡
7ULSOHVpFXULWpGHSRUWH ‡ ‡
9HQWLODWHXUWDQJHQWLHOIDYRULVDQWOHUHIURLGLVVHPHQWGHO
DSSDUHLO ‡ ‡
1HWWR\DJH
3DURLDUULqUHHQpPDLOFDWDO\WLTXHLQWpULHXUQRLU ‡ ²
,QWpULHXULQR[DYHFVROHHQYLWURFpUDPLTXH ‡ ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKH
0DFKLQHjFDIpH[SUHVVRWRXWDXWRPDWLTXH6pULH )RXUV6pULH 

7\SHG
DSSDUHLO 0DFKLQHH[SUHVVRWRXWDXWRPDWLTXH
3RUWHSOHLQYHUUHVpULJUDSKLH*DJJHQDX$QWKUDFLWH &03
3RUWHSOHLQYHUUHVpULJUDSKLH*DJJHQDX0HWDOOLF &03
3RUWHSOHLQYHUUHVpULJUDSKLH*DJJHQDX6LOYHU &03
'LPHQVLRQV
/DUJHXU FP 
'LPHQVLRQVGHO
DSSDUHLO/[+[3ñ PP [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGXIRXU PP 
'LPHQVLRQVGHODQLFKH/[+[3 PP [[
3RLGVQHW NJ 
7\SHGHERLVVRQ
5LVWUHWWR[5LVWUHWWR
([SUHVVR[([SUHVVR
([SUHVVR0DFFKLDWR[([SUHVVR0DFFKLDWR
&DIp[&DIp
$PpULFDQR[$PpULFDQR
&DIp/DWWH[&DIp/DWWH
/DWWH0DFFKLDWR[/DWWH0DFFKLDWR
&DSSXFLQR[&DSSXFLQR
)ODW:KLWH[)ODW:KLWH
0RXVVHGHODLW[0RXVVHGHODLW
/DLWFKDXG[/DLWFKDXG
(DXFKDXGH[(DXFKDXGH
%DQGHDXGHFRPPDQGH
(FUDQ7)7VHQVLWLI ‡
0RGXOHGHFRPPDQGHKDXW ‡
2XYHUWXUHDXWRPDWLTXHGHSRUWH
$ZFKDJHWH[WHFODLU 1EGHODQJXHV 
)RQFWLRQVERLVVRQVSHUVRQQDOLVDEOHVHWPpPRULVDEOHV 1E 
5pJODJHSRVVLEOHGHVWDLOOHVGHWDVVHV 1E 
1LYHDX[G
LQWHQVLWpGXFDIp 1E 
1LYHDX[GHWHPSpUDWXUHSRXUOHFDIp 1E 
1LYHDX[GHWHPSpUDWXUHSRXUO
HDXFKDXGH ƒ&
&KRL[GHODTXDQWLWpGHODLW ‡
%XVHGHVRUWLHGXFDIpUpJODEOHHQKDXWHXU FP 
5pJODJHVGHEDVHSURJUDPPpV
3RVVLELOLWpG
pFODLUDJH 1E 
8QLWpGHPHVXUH POYR] ‡
5pJODJHW\SHHWWDLOOHGHERLVVRQGpVLUpHVHORQODWDLOOHGHODWDVVH ‡
0LVHHQYHLOOH PLQK PLQjK
'XUHWpGHO
HDX 1EGHQLYHDX[ V\VWqPHG
DGRXFLVVHXUG
HDX
)LOWUHjHDX ‡
&DUDFWpULVWLTXHV
7HFKQRORJLH$URPDSHUPHWWDQWGHGpJDJHUWRXWO
D{PHGXFDIp ‡
%UR\HXUFpUDPLTXH ‡
$MXVWHPHQWDXWRPDWLTXHGHODTXDQWLWpGHFDIpPRXOX ‡
&KDXWHHDX ‡
3RPSHjHDX EDU 
'LVWULEXWHXUDYHFV\VWqPHGHODLWLQWpJUp ‡
5pVHUYRLUjODLWLVROp O 
5pVHUYRLUjJUDLQV J 
&RPSDUWLPHQWVpSDUpSRXUFDIpPRXOX ‡
5pJODJHGXGHJUpGHPRXWXUH ‡
9ROXPHGXFRPSDUWLPHQWG
DMXVWHPHQWDXWRPDWLTXHGHODTXDQWLWp
J j
GHFDIp
)RQFWLRQGRXEOHGRVHSRXUERLVVRQVH[WUDIRUWHV ‡
)RQFWLRQGRXEOHPRXWXUHHWGRXEOHpEXOOLWLRQGHO
HDXSRXUOHVERLVVRQVSDU ‡
5pVHUYRLUG
HDXDPRYLEOH O 
&DUWRXFKHGH=OWUDJHSRXUOHUpVHUYRLUG
HDX 
6\VWqPHGHQHWWR\DJH6LQJOH3RUWLRQ&OHDQLQJDSUqVFKDTXHXWLOLVDWLRQ ‡
$ZFKDJHpOHFWURQLTXHSRXUOHUHPSODFHPHQWGX=OWUHjHDX ‡
&RQWU{OHpOHFWURQLTXHGXWDX[GHUHPSOLVVDJHGHVUpVHUYRLUVG
HDXHWGHFDIp ‡
&RQWU{OHpOHFWURQLTXHGXWDX[GHUHPSOLVVDJHGHVEDFVUpFXSpUDWHXUGXPDUF
‡
GHFDIpHWG
HDX
(FODLUDJH/('LQWpJUp ‡
6pFXULWp
6pFXULWpHQIDQW ‡
1HWWR\DJH
3URJUDPPHDXWRPDWLTXHGHULQoDJHORUVGHODPLVHHQURXWHjO
DUUrW ‡‡
3URJUDPPHDXWRPDWLTXHUDSLGHGHULQoDJHGXV\VWqPHjODLW ‡
3URJUDPPHDXWRPDWLTXHGHQHWWR\DJHHWGHGpWDUWUDJH ‡
3URJUDPPHDXWRPDWLTXHGHQHWWR\DJH ‡
3URJUDPPHDXWRPDWLTXHGHGpWDUWUDJH ‡
&KDPEUHGHFRPSUHVVLRQ ‡
%DFVGHUpFXSpUDWLRQGXPDUFGHFDIpHWG
HDXODYDEOHDXODYHYDLVVHOOH ‡
0RXVVHXUGHODLWODYDEOHDXODYHYDLVVHOOH ‡
3URJUDPPHGHYLGDQJHSRXUSUpSDUHUO
DSSDUHLOSRXUOHVYDFDQFHVRXOHWUDQVSRUW ‡
)RQFWLRQYLGDQJHGXUpVHUYRLUjJUDLQVSRXUFKDQJHPHQWGHW\SHGHFDIp ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N: 

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUGHO
DSSDUHLOGDQVODQLFKH
7LURLUGHPLVHVRXVYLGH6pULH

7\SHG
DSSDUHLO 7LURLUPLVHVRXVYLGH 7LURLUPLVHVRXVYLGH
)DoDGHSOHLQYHUUH*DJJHQDX$QWKUDFLWH '93
)DoDGHSOHLQYHUUH*DJJHQDX0HWDOOLF '93
)DoDGHSOHLQYHUUH*DJJHQDX6LOYHU '93
7RXWLQWpJUDEOHIDoDGHKDELOODEOHPHXEOHGHFXLVLQHSUpYRLUSRLJQpHRXSRLJQpHLQWpJUpH '9
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3  PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGHO
DSSDUHLO PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
7DLOOHPD[LPDOHGHVVDFVGHPLVHVRXVYLGH PP [ [
)RQFWLRQV
1LYHDX[GHPLVHVRXVYLGH PD[  PD[ 
1LYHDX[GHWKHUPRVRXGXUH  
0LVHVRXVYLGHGHVDFVHWFRQWHQDQWV ‡ ‡
0LVHVRXVYLGHGHUpFLSLHQWVVRXVYLGHHWGHERXWHLOOHV ‡ ‡
0LVHVRXVYLGHGHOLTXLGHV ‡ ‡
3URJUDPPHGHVpFKDJHGHODSRPSH ‡ ‡
$ODUPHGHG\VIRQFWLRQQHPHQW ‡ ‡
&RPPDQGH
&RPPDQGHjWRXFKHVVHQVLWLYHV ‡ ‡
7LURLUVDQVSRLJQpH ‡ ‡
3RLJQpHHQFDVWUpH ² ‡
2XYHUWXUHDYHFV\VWqPHSXVKWRRSHQ ‡ ²
)HUPHWXUHGRXFH ² ‡
(TXLSHPHQW$FFHVVRLUHV
&RPSDUWLPHQWGHPLVHVRXVYLGHHQLQR[ ‡ ‡
&KDUJHPD[LPDOH NJ  
+DXWHXUXWLOH PP  
&RXYHUFOHHQYHUUHGHVpFXULWp ‡ ‡
%DUUHGHWKHUPRVRXGXUHDQWLDGKpVLYHDPRYLEOH ‡ ‡
5HKDXVVHXU ‡ ‡
$GDSWDWHXUDYHFWX\DXSRXUPLVHVRXVYLGHHQGHKRUVGXFRPSDUWLPHQW ‡ ‡
'LPHQVLRQGHODVXUIDFHXWLOHGDQVOHFRPSDUWLPHQW/[O PP [ [
0HPEUDQHDQWLUHWRXUGXOLTXLGHSRXUPLVHVRXVYLGHGDQVFRQWHQDQWVH[WHUQHV ‡ ‡
6DFVSRXUPLVHVRXVYLGHSHWLWPRGqOHPP[PP SLqFHV  
6DFVSRXUPLVHVRXVYLGHJUDQGPRGqOHPP[PP SLqFHV  
%RXFKRQVSRXUPLVHVRXVYLGHGHERXWHLOOHV SLqFHV  
$GDSWDWHXUSRXUERXFKRQVSRXUPLVHVRXVYLGHGHERXWHLOOHV ‡ ‡
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKH
7LURLUVFKDXIIDQWV6pULH )RXUV6pULH 

7\SHG
DSSDUHLO 7LURLUFKDXIIDQW 7LURLUFKDXIIDQW
)DoDGHSOHLQYHUUH*DJJHQDX$QWKUDFLWH :63 :63
)DoDGHSOHLQYHUUH*DJJHQDX0HWDOOLF :63 :63
)DoDGHSOHLQYHUUH*DJJHQDX6LOYHU :63 :63
'LPHQVLRQV
/DUJHXU FP  
'LPHQVLRQVGHO
DSSDUHLO/[+[3 PP [[ [[
'LVWDQFHHQWUHOHFRUSVGXPHXEOHHWODYLWUHDYDQWGHO
DSSDUHLO PP  
'LPHQVLRQVGHODQLFKH/[+[3 PP [[ [[
3RLGVQHW NJ  
9ROXPH
9ROXPHXWLOH O  
'LPHQVLRQVLQWpULHXUHV/[+[3 PP [[ [[
&DSDFLWpYDLVVHOOHSRXUXQPHQXDYHFDVVLHWWHVGLDPFPHWEROVjVRXSHVDODGLHUV 1EUHGH
 
VXSSOpPHQWDLUHVHWXQSODWGHVHUYLFHVHORQWDLOOHGHODYDLVVHOOH SHUVRQQHV
0RGHVGHFXLVVRQ
'pFRQJpODWLRQ)DLUHOHYHUXQHSkWH ‡ ‡
3UpFKDXWDJHGHSHWLWVFRQWHQDQWVSRXUERLVVRQV ‡ ‡
0DLQWLHQDXFKDXG&XLVVRQEDVVHWHPSpUDWXUHG
DOLPHQWV ‡ ‡
3UpFKDXWHUODYDLVVHOOHSODWV ‡ ‡
9HQWLODWHXUUpVLVWDQFHGHVROH ‡ ‡
QLYHDX[GH
1LYHDX[GHUpJODJHDYHFWHPSpUDWXUHVGHƒ&jƒ& VROHHQYHUUH  
SXLVVDQFH
&RPPDQGH
&RPPDQGHSDUERXWRQURWDWLI ‡ ‡
7pPRLQOXPLQHX[GHIRQFWLRQQHPHQWVXUODIDoDGHHQYHUUH ‡ ‡
7LURLUVDQVSRLJQpH ‡ ‡
2XYHUWXUHDYHFV\VWqPHSXVKWRRSHQ ‡ ‡
&DUDFWpULVWLTXHV
&KDUJHPD[LPDOH NJ  
,QWpULHXUHQLQR[DYHFVROHHQYHUUH ‡ ‡
9HQWLODWLRQLQWpJUpHXQHUpSDUWLWLRQKRPRJqQHGHODFKDOHXU
‡ ‡
HWXQSUpFKDXWDJHSOXVUDSLGH
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ3URIRQGHXUGHO
DSSDUHLOODSURIRQGHXUG
HQFDVWUHPHQWGHO
DSSDUHLOGDQVODQLFKH


9DULRGHFXLVVRQ

9DULRGHFXLVVRQ
9XHG
HQVHPEOHGHV9DULRGHFXLVVRQ6pULHHW6pULH 
7DEOHDXFRPELQDLVRQV9DULRGHFXLVVRQHW+RWWHV 
9DULRGHFXLVVRQ6pULH 
'pFRXSHVHWVFKpPDVG
HQFDVWUHPHQWSRXUFRPELQDLVRQV
G
DSSDUHLOV9DULR6pULH 
9DULRGHFXLVVRQ6pULH 
'pFRXSHVHWVFKpPDVG
HQFDVWUHPHQWSRXUFRPELQDLVRQV
G
DSSDUHLOV9DULR6pULH 
$FFHVVRLUHV 
'RQQpHVWHFKQLTXHV 
9XHG
HQVHPEOH9DULRGHFXLVVRQ6pULH

‡9, ‡9, ‡9*) ‡9*) ‡93 ‡95


‡9* ‡9*

‡9, ‡9, ‡9, ‡9, ‡9,

‡&; ‡&; ‡9,

‡9, ‡9, ‡9*)


‡9*

‡9/ ‡$/
‡$/
9DULRGHFXLVVRQ 

9XHG
HQVHPEOH9DULRGHFXLVVRQ6pULH

‡9, ‡9, ‡9,

‡93 ‡95 ‡9*)


‡9*

‡9*) ‡9*) ‡9*)


‡9* ‡9* ‡9*

‡9/
&RPELQDLVRQVUHFRPPDQGpHVSRXULQVWDOODWLRQ9DULRGHFXLVVRQHWKRWWHV

&RPELQDLVRQHVWKpWLTXHHWWHFKQLTXHUHFRPPDQGpH
²QRQUHFRPPDQGpH
&RQWU{OHGHODYHQWLODWLRQDYHFODWDEOHGHFXLVVRQ

$& $&  $& $&  $: $:  $:  $: $: 


ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU
GpSHQGGHOD FP FP FP FP FP FP FP FP
FRQILJXUDWLRQ
3URGXLW 3KRWR 5pIpUHQFH
/DUJHXUPD[LPDOHSRXU FP FP FP FP FP FP FP FP
FRPELQDLVRQV9DULRV
9DULR*ULOpOHFWULTXH 95 FP
6pULH ² ² ² ²
9DULR7HSSDQ<DNL*D]  93 FP
6pULH 9* ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ² ²
7DEOHGHFXLVVRQ*D]
 9* FP
6pULH9DULR &* ² ² ²
9DULR*ULOpOHFWULTXH 95 FP
6pULH ² ² ² ²
9DULR7HSSDQ<DNL,QGXFWLRQ
 93 FP
*D]6pULH 9,
95
² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ*D]  9, FP
9DULR6pULH 9* ² ²
7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

DYHFFDGUH6pULH

7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

VDQVFDGUH6pULH

7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

DYHFFDGUH6pULH ² ² ²
7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

VDQVFDGUH6pULH ² ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ &, FP
6pULH

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH &,

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH &,

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH ² ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ &, FP
6pULH ² ² ²
7DEOHGHFXLVVRQ*D] &* FP
6pULH ² ²
7DEOHGHFXLVVRQ*D] &* FP
6pULH ² ² ²
7DEOHGHFXLVVRQ*D] 9* FP
6pULH ² ² ²
7DEOHGHFXLVVRQ &( FP
YLWURFpUDPLTXH6pULH

7DEOHGHFXLVVRQ &( FP


YLWURFpUDPLTXH6pULH ² ² ²
9DULRGHFXLVVRQ 

$, $,  $,  $, $/ $/ $/ $/ 9/ 9/ $) $) $& $& $&
ODUJHXU ODUJHXU  ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU
FP FP FP FP FP FP FP FP FP FP FP FP FP FP FP

FP FP FP FP FP FP FP FP FP FP FP

² ² ² ²

² ² ² ²

² ² ² ²

² ²

² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ²

² ²

² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ² ² ² ²

² ²

² ² ² ² ² ² ² ²
7DEOHGHFXLVVRQ:RNLQGXFWLRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
6pULH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
9, RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² =RQHGHFXLVVRQ‘FPDYHF QRWDPPHQWDXQLYHDXGHVGpFRXSHV
IRQFWLRQ%RRVWHU &RQFHUQDQWOHVDXWUHVPDWpULDX[
² ,GpDOSRXUODSRrOH:RNjIRQG YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
DUURQGLDYHFDFFHVVRLUHDGDSWDWHXU GHWUDYDLO
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
FRQWU{OHGHODWHPSpUDWXUHGDQVOHV QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
SRrOHV XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
² 6pOHFWLRQHWUpJODJHIDFLOHVGH SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
WRXWHVOHVIRQFWLRQVJUkFHDX SDUOHGHVVRXV
GLVSOD\ELFRORUH /DODUJHXUGHODMRQFWLRQGpSHQGGH
೦1RXYHDX ² %RXWRQGHFRPPDQGHHQLQR[ ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
9,  ೦  ࡱ PDVVLI GpFRXSHGXSODQGHWUDYDLO
6DQVFDGUH ࡱ+7 ² 6DQVFDGUHSRXUHQFDVWUHPHQWj 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
+RPH&RQQHFW IOHXUGHSODQ 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
/DUJHXUFP ODLVVHUXQHVSDFHPLQLPXPGHPP
=RQHVGHFXLVVRQ HQWUHOHVGpFRXSHV
$FFHVVRLUHVG
LQVWDOODWLRQ ]RQHGHFXLVVRQLQGXFWLRQ‘FP 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
9$  ࡱ :DYHF%RRVWHU: FXLVLQHjIRQGPDJQpWLTXH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 H[WHQVLEOHDXWRPDWLTXHPHQWHQ‘FP /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
SRXULQVWDOODWLRQjIOHXUGHSODQGH :DYHF%RRVWHU: HW WUDYDLOSDUOHGHVVXV
SOXVLHXUVDSSDUHLOV9DULR6pULH ‘FP :DYHF%RRVWHU 3RLGVGHO
DSSDUHLOHQYLUNJ
:  
$FFHVVRLUHVHQRSWLRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
*3    ࡱ %DQGHDXGHFRPPDQGH HQSDJHVjHWSDJH
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RXWRQVGHFRPPDQGHDYHFDQQHDX
HQLQR[ OXPLQHX[LQGLFDWLRQGHV]RQHVGH 9DOHXUVGHUDFFRUGHPHQW
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
GHFXLVVRQ‘FP &RQWU{OHpOHFWURQLTXHDYHF N:
*3    ࡱ SRVLWLRQVGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQV
3RrOH)U\LQJ6HQVRU  ࡱ+7 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV SULVH
HQLQR[ JUkFHDXGLVSOD\ELFRORUH EODQF &RQVRPPDWLRQ6WDQGE\'LVSOD\pWHLQW
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH RUDQJH  :
GHFXLVVRQ‘FP &RQVRPPDWLRQ6WDQGE\,QWHUQHW:
*3    ࡱ &DUDFWpULVWLTXHV 3RXUGpVDFWLYHUODIRQFWLRQ:L)LVH
3RrOH)U\LQJ6HQVRU  ࡱ+7 )RQFWLRQ)U\LQJ6HQVRU UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
HQLQR[ )RQFWLRQ%RRVWHU
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &KURQRPqWUH
GHFXLVVRQ‘FP 0LQXWHULHLQGpSHQGDQWH
*3    ࡱ 0HQXG
RSWLRQVSHUVRQQDOLVpHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 5pJXODWHXUG
pQHUJLH
HQLQR[ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
GHFXLVVRQ‘FP KRWWHFRPSDWLEOH 
:3    ࡱ
3RrOH:RNHQLQR[  ࡱ+7 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PXOWLFRXFKHV PRGH'LJLWDO +RPH&RQQHFW 
$YHFSRLJQpHHWIRQGDUURQGL‘FP /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
OLWUHVKDXWHXUFP &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
:=    ࡱ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
6XSSRUWDGDSWDWHXU  ࡱ+7 SD\VUHVSHFWLI/HVVHUYLFHV+RPH
SRXUSRrOH:RN &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
8WLOLVDEOHXQLTXHPHQWVXU9DULR WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
LQGXFWLRQ:RN ZZZKRPHFRQQHFWFRP

&RPELQDEOHDYHF 6pFXULWp
+RWWHVGHSODIRQG6pULHHW6pULH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
+RWWHGHSODQGHWUDYDLO6pULH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
+RWWHvORWHWKRWWHPXUDOH6pULH 7pPRLQGHFKDOHXUUpVLGXHOOH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH jQLYHDX[
+RWWHWLURLU6pULH &RXSXUHGHVpFXULWp
*URXSHILOWUDQW6pULH
&RQVHLOVG
LQVWDOODWLRQ
%RQjVDYRLU 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ HVWVXSpULHXUHjPPVHUpIpUHU
GHFXLVVRQRXDXPLQLPXPGHODPrPH DXVFKpPD0RQWDJHGHVERXWRQVGH
ODUJHXUTXHOHSODQGHFXLVVRQ FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
0HUFLGHFRQVXOWHUOHVFRQVHLOV SDQQHDX 
G
LQVWDOODWLRQGDQVOHFKDSLWUH /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
$SSDUHLOVG
DVSLUDWLRQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
HQFRQVLGpUDWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

Montage des boutons de commande, installation à fleur de plan

0HVXUHVHQPP
9DULRLQGXFWLRQ:RN6pULH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
9, 9DULR6pULHXQHEDUUHWWHGH
MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
² =RQHGHFXLVVRQ‘FPDYHF FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
IRQFWLRQ%RRVWHU GHMRQFWLRQDGpTXDWHVHORQOHW\SH
² ,GpDOSRXUODSRrOH:RNjIRQG G
LQVWDOODWLRQ
DUURQGLDYHFDFFHVVRLUHDGDSWDWHXU /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
FRQWU{OHGHODWHPSpUDWXUHGDQVOHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
SRrOHV GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
² 6pOHFWLRQHWUpJODJHIDFLOHVGH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
WRXWHVOHVIRQFWLRQVJUkFHDX GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
GLVSOD\ELFRORUH HQFRQVLGpUDWLRQ
9,    ࡱ ² %RXWRQGHFRPPDQGHHQLQR[ ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
&DGUHHQLQR[ ࡱ+7 PDVVLI XQHLQVWDOODWLRQjIOHXUGHSODQGH
+RPH&RQQHFW ² &DGUHHQLQR[PDVVLIG
XQH WUDYDLO
/DUJHXUFP pSDLVVHXUGHPPWUDYDLOOpDYHF /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
XQHJUDQGHSUpFLVLRQ SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
$FFHVVRLUHVG
LQVWDOODWLRQ ² 3HXWrWUHLQVWDOOpVXUOHSODQGH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
9$  ࡱ WUDYDLODYHFFDGUHDSSDUHQWRXj UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
%DUUHWWHGHMRQFWLRQ  ࡱ+7 IOHXUGHSODQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV &RQFHUQDQWOHVDXWUHVPDWpULDX[
SOXVLHXUVDSSDUHLOV9DULR6pULH 9DULRGHOD6pULH YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
9$    ࡱ GHWUDYDLO
%DUUHWWHGHMRQFWLRQ  ࡱ+7 =RQHVGHFXLVVRQ /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ ]RQHGHFXLVVRQLQGXFWLRQ‘FP QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR :DYHF%RRVWHU: XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
6pULH H[WHQVLEOHDXWRPDWLTXHPHQWHQ‘FP 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
:DYHF%RRVWHU:  VDJHSDUOHGHVVRXV
$FFHVVRLUHVHQRSWLRQ HW‘FP :DYHF%RRVWHU /DODUJHXUGHODMRQFWLRQGpSHQGGH
*3    ࡱ :  ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
3RrOH)U\LQJ6HQVRU  ࡱ+7 GpFRXSHGXSODQGHWUDYDLO
HQLQR[ %DQGHDXGHFRPPDQGH 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %RXWRQVGHFRPPDQGHDYHFDQQHDX 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHFXLVVRQ‘FP OXPLQHX[LQGLFDWLRQGHV]RQHVGH ODLVVHUXQHVSDFHPLQLPXPGHPP
*3    ࡱ FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV HQWUHOHVGpFRXSHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RQWU{OHpOHFWURQLTXHDYHF 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
HQLQR[ SRVLWLRQVGHFXLVVRQ FXLVLQHjIRQGPDJQpWLTXH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQF WUDYDLOSDUOHGHVVXV
*3    ࡱ RUDQJH  3RLGVGHO
DSSDUHLOHQYLUNJ
3RrOH)U\LQJ6HQVRU  ࡱ+7 
HQLQR[ &DUDFWpULVWLTXHV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH )RQFWLRQ)U\LQJ6HQVRU HQSDJHVjHWSDJH
GHFXLVVRQ‘FP )RQFWLRQ%RRVWHU
*3    ࡱ &KURQRPqWUH 9DOHXUVGHUDFFRUGHPHQW
3RrOH)U\LQJ6HQVRU  ࡱ+7 0LQXWHULHLQGpSHQGDQWH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
HQLQR[ 0HQXG
RSWLRQVSHUVRQQDOLVpHV N:
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 5pJXODWHXUG
pQHUJLH &kEOHGHUDFFRUGHPHQWPVDQV
GHFXLVVRQ‘FP &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH SULVH
:3    ࡱ UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
3RrOH:RNHQLQR[  ࡱ+7 KRWWHFRPSDWLEOH 
PXOWLFRXFKHV
$YHFSRLJQpHHWIRQGDUURQGL‘FP 0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV
OLWUHVKDXWHXUFP PRGH'LJLWDO +RPH&RQQHFW 
:=    ࡱ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
6XSSRUWDGDSWDWHXU  ࡱ+7 &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
SRXUSRrOH:RN GHVVHUYLFHV+RPH&RQQHFWGDQVOH
8WLOLVDEOHXQLTXHPHQWVXU9DULR SD\VUHVSHFWLI/HVVHUYLFHV+RPH
LQGXFWLRQ:RN &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
 WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
&RPELQDEOHDYHF ZZZKRPHFRQQHFWFRP
+RWWHVGHSODIRQG6pULHHW6pULH
+RWWHGHSODQGHWUDYDLO6pULH 6pFXULWp
+RWWHvORWHWKRWWHPXUDOH6pULH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
+RWWHWLURLU6pULH 7pPRLQGHFKDOHXUUpVLGXHOOHj
*URXSHILOWUDQW6pULH QLYHDX[
&RXSXUHGHVpFXULWp
%RQjVDYRLU
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &RQVHLOVG
LQVWDOODWLRQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
ODUJHXUTXHOHSODQGHFXLVVRQ DYHFFDGUHDSSDUHQWRXjIOHXUGH
0HUFLGHFRQVXOWHUOHVFRQVHLOV SODQ O
HPSODFHPHQWGHODGpFRXSHGX
G
LQVWDOODWLRQGDQVOHFKDSLWUH SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
$SSDUHLOVG
DVSLUDWLRQ ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
HVWVXSpULHXUHjPPVHUpIpUHU
DXVFKpPD0RQWDJHGHVERXWRQVGH
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
SDQQHDX 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

 
  
 

  

“ 
“
• 5 • 5
$
¡ ƒ ¡
ƒ
! ¡ ! ¡
5
“
“


Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

! ! ! !


 

¡ ¡ ¡ ¡


 

 

! !

 
 “
5

5

“


 %

 

“



 %

 
$

“


7DEOHGHFXLVVRQ)OH[,QGXFWLRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
6pULH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
9, RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
GHV]RQHVGHFXLVVRQVUHFWDQJX &RQFHUQDQWOHVDXWUHVPDWpULDX[
ODLUHV YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
² 3RVLWLRQQHPHQWOLEUHGHV GHWUDYDLO
FDVVHUROHVVXUOHV]RQHVGH /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
FXLVVRQFRPELQpHV QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
FRQWU{OHGHODWHPSpUDWXUHGDQVOHV SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
SRrOHV SDUOHGHVVRXV
೦1RXYHDX ² 6pOHFWLRQHWUpJODJHIDFLOHVGH /DODUJHXUGHODMRQFWLRQGpSHQGGH
9,  ೦  ࡱ WRXWHVOHVIRQFWLRQVJUkFHDX ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
6DQVFDGUH ࡱ+7 GLVSOD\ELFRORUH GpFRXSHGXSODQGHWUDYDLO
+RPH&RQQHFW ² %RXWRQGHFRPPDQGHHQLQR[ 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
/DUJHXUFP PDVVLI 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
² 6DQVFDGUHSRXUHQFDVWUHPHQWj ODLVVHUXQHVSDFHPLQLPXPGHPP
$FFHVVRLUHVG
LQVWDOODWLRQ IOHXUGHSODQ HQWUHOHVGpFRXSHV
9$  ࡱ 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 =RQHVGHFXLVVRQ FXLVLQHjIRQGPDJQpWLTXH
SRXULQVWDOODWLRQjIOHXUGHSODQGH ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
SOXVLHXUVDSSDUHLOV9DULR6pULH [FP :DYHF%RRVWHU WUDYDLOSDUOHGHVVXV
: FRPELQDEOHVHQ]RQH[FP 3RLGVGHO
DSSDUHLOHQYLUNJ
$FFHVVRLUHVHQRSWLRQ :DYHF%RRVWHU:  
&$  ࡱ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
7HSSDQ<DNLHQ  ࡱ+7 %DQGHDXGHFRPPDQGH HQSDJHVjHWSDJH
PDWpULDXPXOWLFRXFKHV %RXWRQVGHFRPPDQGHDYHFDQQHDX
&$  ࡱ OXPLQHX[LQGLFDWLRQGHV]RQHVGH 9DOHXUVGHUDFFRUGHPHQW
3ODTXHjJULOOHUHQ  ࡱ+7 FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
IRQWHG
DOXPLQLXP &RQWU{OHpOHFWURQLTXHDYHF N:
*3    ࡱ SRVLWLRQVGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQV
3RrOH)U\LQJ6HQVRU  ࡱ+7 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV SULVH
HQLQR[ JUkFHDXGLVSOD\ELFRORUH EODQF &RQVRPPDWLRQVWDQGE\GLVSOD\pWHLQW
5HYrWHPHQWDQWLDGKpUHQW RUDQJH  :
SRXU]RQHGHFXLVVRQ‘FP &RQVRPPDWLRQVWDQGE\LQWHUQHW:
*3    ࡱ &DUDFWpULVWLTXHV 3RXUGpVDFWLYHUOHPRGH:LILVH
3RrOH)U\LQJ6HQVRU  ࡱ+7 )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
HQLQR[ UHFWDQJXODLUHV
5HYrWHPHQWDQWLDGKpUHQW )RQFWLRQ)U\LQJ6HQVRU
SRXU]RQHGHFXLVVRQ‘FP )RQFWLRQ%RRVWHU
*3    ࡱ &KURQRPqWUH
3RrOH)U\LQJ6HQVRU  ࡱ+7 0LQXWHULHLQGpSHQGDQWH
HQLQR[ 0HQXG
RSWLRQVSHUVRQQDOLVpHV
5HYrWHPHQWDQWLDGKpUHQW 5pJXODWHXUG
pQHUJLH
SRXU]RQHGHFXLVVRQ‘FP &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
&RPELQDEOHDYHF KRWWHFRPSDWLEOH 
+RWWHVGHSODIRQG6pULHHW6pULH
+RWWHGHSODQGHWUDYDLO6pULH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
+RWWHvORWHWKRWWHPXUDOH6pULH PRGH'LJLWDO +RPH&RQQHFW 
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
+RWWHWLURLU6pULH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
*URXSHILOWUDQW6pULH GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
%RQjVDYRLU &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
GHFXLVVRQRXDXPLQLPXPGHODPrPH ZZZKRPHFRQQHFWFRP
ODUJHXUTXHOHSODQGHFXLVVRQ 
0HUFLGHFRQVXOWHUOHVFRQVHLOV 6pFXULWp
G
LQVWDOODWLRQGDQVOHFKDSLWUH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
$SSDUHLOVG
DVSLUDWLRQ 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOH
jQLYHDX[
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
/HVERXWRQVGHFRPPDQGHSHXYHQW
rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
UDSSRUWDX[]RQHVGHFXLVVRQ
6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
HVWVXSpULHXUHjPPVHUpIpUHU
DXVFKpPD0RQWDJHGHVERXWRQVGH
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
SDQQHDX 
/DFKDUJHDGPLVVLEOHHWODVWDELOLWp
GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
HQFRQVLGpUDWLRQ
 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

Montage des boutons de commande, installation à fleur de plan

0HVXUHVHQPP
9DULRGHFXLVVRQ)OH[,QGXFWLRQ 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
6pULH HVWVXSpULHXUHjPPVHUpIpUHU
9, DXVFKpPD0RQWDJHGHVERXWRQVGH
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ SDQQHDX 
GHV]RQHVGHFXLVVRQV /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
UHFWDQJXODLUHV 9DULR6pULHXQHEDUUHWWHGH
² 3RVLWLRQQHPHQWOLEUHGHV MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
FDVVHUROHVVXUOHV]RQHVGH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
FXLVVRQFRPELQpHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ G
LQVWDOODWLRQ
FRQWU{OHGHODWHPSpUDWXUHGDQVOHV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
SRrOHV GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
9,    ࡱ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
&DGUHHQLQR[ ࡱ+7 WRXWHVOHVIRQFWLRQVJUkFHDX GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
+RPH&RQQHFW GLVSOD\ELFRORUH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
/DUJHXUFP ² %RXWRQGHFRPPDQGHHQLQR[ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
PDVVLI HQFRQVLGpUDWLRQ
$FFHVVRLUHVG
LQVWDOODWLRQ ² &DGUHHQLQR[PDVVLIG
XQH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
9$  ࡱ pSDLVVHXUGHPPWUDYDLOOpDYHF XQHLQVWDOODWLRQjIOHXUGHSODQGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 XQHJUDQGHSUpFLVLRQ WUDYDLO
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 3HXWrWUHLQVWDOOpVXUOHSODQGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
SOXVLHXUVDSSDUHLOV9DULR6pULH WUDYDLODYHFFDGUHDSSDUHQWRXj SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
9$    ࡱ IOHXUGHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 9DULRGHOD6pULH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR &RQFHUQDQWOHVDXWUHVPDWpULDX[
6pULH =RQHVGHFXLVVRQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
]RQHVGHFXLVVRQ)OH[,QGXFWLRQ GHWUDYDLO
$FFHVVRLUHVHQRSWLRQ [FP :DYHF%RRVWHU /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
*3    ࡱ : FRPELQDEOHVHQ]RQH[FP QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 :DYHF%RRVWHU:  XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
HQLQR[ SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %DQGHDXGHFRPPDQGH SDUOHGHVVRXV
GHFXLVVRQ‘FP %RXWRQVGHFRPPDQGHDYHFDQQHDX /DODUJHXUGHODMRQFWLRQGpSHQGGH
*3    ࡱ OXPLQHX[LQGLFDWLRQGHV]RQHVGH ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
3RrOH)U\LQJ6HQVRU  ࡱ+7 FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV GpFRXSHGXSODQGHWUDYDLO
HQLQR[ &RQWU{OHpOHFWURQLTXHDYHF 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH SRVLWLRQVGHFXLVVRQ 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHFXLVVRQ‘FP 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV ODLVVHUXQHVSDFHPLQLPXPGHPP
*3    ࡱ JUkFHDXGLVSOD\ELFRORUH EODQF HQWUHOHVGpFRXSHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 RUDQJH  8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
HQLQR[ FXLVLQHjIRQGPDJQpWLTXH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &DUDFWpULVWLTXHV /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
GHFXLVVRQ‘FP )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ WUDYDLOSDUOHGHVVXV
UHFWDQJXODLUHV 3RLGVGHO
DSSDUHLOHQYLUNJ
&RPELQDEOHDYHF )RQFWLRQ)U\LQJ6HQVRU 
+RWWHVGHSODIRQG6pULHHW6pULH )RQFWLRQ%RRVWHU &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
+RWWHGHSODQGHWUDYDLO6pULH &KURQRPqWUH HQSDJHVjHWSDJH
+RWWHvORWHWKRWWHPXUDOH6pULH 0LQXWHULHLQGpSHQGDQWH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH 0HQXG
RSWLRQVSHUVRQQDOLVpHV 9DOHXUVGHUDFFRUGHPHQW
+RWWHWLURLU6pULH 5pJXODWHXUG
pQHUJLH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
*URXSHILOWUDQW6pULH &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH N:
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD &kEOHGHUDFFRUGHPHQWPVDQV
%RQjVDYRLU KRWWHFRPSDWLEOH  SULVH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 
GHFXLVVRQRXDXPLQLPXPGHODPrPH 0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV
ODUJHXUTXHOHSODQGHFXLVVRQ PRGH'LJLWDO +RPH&RQQHFW 
0HUFLGHFRQVXOWHUOHVFRQVHLOV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
G
LQVWDOODWLRQGDQVOHFKDSLWUH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
$SSDUHLOVG
DVSLUDWLRQ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
DYHFFDGUHDSSDUHQWRXjIOHXUGH
SODQ O
HPSODFHPHQWGHODGpFRXSHGX
SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
/HVERXWRQVGHFRPPDQGHSHXYHQW
rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
UDSSRUWDX[]RQHVGHFXLVVRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

 
  
 

  

“  


 “
5 5
$
¡ ¡
ƒ
ƒ
! ¡ ! ¡
  5
“
“


Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

! ! ! !


 

¡ ¡ ¡ ¡


 

 
” ! ”
!

 
 “
5

5

“

 %

 

“



 %

 
$

“


9DULRJD]:RN6pULH /HSRLGVGHO
DSSDUHLOHWOHSRLGV
9*  VXSSOpPHQWDLUHGHVUpFLSLHQWVFKDUJpV
VRQWjSUHQGUHHQFRQVLGpUDWLRQ
² %U€OHXUPXOWLFRXURQQHVN: ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXUXQH
² 5pJXODWLRQWRXWpOHFWURQLTXHGHOD LQVWDOODWLRQjIOHXUGHSODQGHWUDYDLO
SXLVVDQFHHQSRVLWLRQVGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
FXLVVRQ SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
² 7DLOOHGHIODPPHSUpFLVHHW RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
UHSURGXFWLEOH UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² $OOXPDJHDXWRPDWLTXHHWUDSLGH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
FRQWU{OHpOHFWURQLTXHGHODIODPPH &RQFHUQDQWOHVDXWUHVPDWpULDX[
DYHFUpDOOXPDJHDXWRPDWLTXHHQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
FDVG
H[WLQFWLRQDFFLGHQWHOOHGHOD GHWUDYDLO
9*  )  ࡱ IODPPH /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
,QR[  ࡱ+7 ² )RQFWLRQPLMRWDJHSRXUGHV QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
/DUJHXUFP FXLVVRQVjWHPSpUDWXUHEDVVHHW XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
*D]EXWDQHSURSDQHPEDU UpJXOLqUH 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
%U€OHXU:RNN: ² %RXWRQGHFRPPDQGHHQLQR[ SDUOHGHVVRXV
9*    ࡱ PDVVLI /DODUJHXUGHODMRQFWLRQGpSHQGGHOD
,QR[  ࡱ+7 ² &DGUHHQLQR[PDVVLIG
XQH WROpUDQFHHQWUHOHVDSSDUHLOVHWOD
/DUJHXUFP pSDLVVHXUGHPPWUDYDLOOpDYHF GpFRXSHGXSODQGHWUDYDLO
*D]QDWXUHOPEDU XQHJUDQGHSUpFLVLRQ 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
%U€OHXU:RNN: ² 3HXWrWUHLQVWDOOpVXUOHSODQGH 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
WUDYDLODYHFFDGUHDSSDUHQWRXj ODLVVHUXQHVSDFHPLQLPXPGHPP
/HSUL[FRPSUHQG IOHXUGHSODQ HQWUHOHVGpFRXSHV
 DQQHDXSRXU:2. ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV 'HVLQMHFWHXUVVSpFLDX[SHXYHQWrWUH
9DULRGHOD6pULH FRPPDQGpVFRPPHSLqFHVGH
$FFHVVRLUHVG
LQVWDOODWLRQ UHFKDQJH
9$  ࡱ =RQHVGHFXLVVRQ 3UpYRLUXQHFRQQH[LRQpOHFWULTXH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 9*) O
DSSDUHLOQ
HVWSDVIRQFWLRQQHOVDQV
SRXULQVWDOODWLRQjIOHXUGHSODQGH %U€OHXUPXOWLFRXURQQHVGHIODPPHV UDFFRUGHPHQWpOHFWULTXH 
SOXVLHXUVDSSDUHLOV9DULR6pULH :: SRXUGHV 3ULVHG
DLUSDUOHKDXW
9$    ࡱ FDVVHUROHVMXVTX
jPD[L‘FP 3DVGHSODQFKHULQWHUPpGLDLUH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 QpFHVVDLUH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 9* /DSDURLDUULqUHHWOHVSURILOpVGH
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR %U€OHXUPXOWLFRXURQQHVGHIODPPHV ILQLWLRQPXUDOHGRLYHQWUpVLVWHUjOD
6pULH :: SRXUGHV FKDOHXUHWrWUHHQPDWpULDXLQLQIODP
9$    ࡱ FDVVHUROHVMXVTX
jPD[L‘FP PDEOH
&RXYHUFOHHQLQR[  ࡱ+7 'LVWDQFHPLQLPDOHGHPPDYHFOH
DYHFEDUUHWWHGHPRQWDJH %DQGHDXGHFRPPDQGH PXURXOHVPHXEOHVDGMDFHQWVRX
%RXWRQVGHFRPPDQGHDYHFDQQHDX SUpYRLUXQHLVRODWLRQWKHUPLTXH
$FFHVVRLUHVHQRSWLRQ OXPLQHX[LQGLFDWLRQGHV]RQHVGH VXSSOpPHQWDLUH
:3    ࡱ FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV (QFDVG
LQVWDOODWLRQjF{WpGH
3RrOH:RNHQLQR[  ࡱ+7 $OOXPDJHXQHPDLQ O
DpUDWHXUGHSODQ9/LOIDXW
PXOWLFRXFKH &RQWU{OHWRXWpOHFWURQLTXHSRXUXQH LQVWDOOHUOHGpIOHFWHXU$$SRXU
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH UpJXODWLRQSUpFLVHGHVQLYHDX[GH JDUDQWLUOHVSHUIRUPDQFHVPD[LPDOHV
FPOLWUHVKDXWHXUFP SXLVVDQFHHWGHODIRQFWLRQPLMRWDJH GHODWDEOHGHFXLVVRQ
$OOXPDJHUDSLGHDXWRPDWLTXH /RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
&RPELQDEOHDYHF FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
+RWWHVGHSODIRQG6pULHHW6pULH &DUDFWpULVWLTXHV HVWVXSpULHXUHjN:LOIDXW
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQPLMRWDJH UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
+RWWHvORWHWKRWWHPXUDOH6pULH *ULOOHHQIRQWHKDXWHVWDELOLWp FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH %U€OHXUVHQODLWRQ VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
+RWWHWLURLU6pULH HQpYDFXDWLRQH[WpULHXUHRXHQ
*URXSHILOWUDQW6pULH 6pFXULWp UHF\FODJH/DGLVWDQFHPLQLPDOHHQWUH
&RQWU{OHpOHFWURQLTXHGHODIODPPHHW ODWDEOHGHFXLVVRQJD]GHSOXVGH
%RQjVDYRLU UpDOOXPDJHDXWRPDWLTXHHQFDV N:HWODKRWWHGRLWrWUHGHFP
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ G
H[WLQFWLRQDFFLGHQWHOOHGHODIODPPH /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
GHFXLVVRQRXDXPLQLPXPGHODPrPH ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH WUDYDLOSDUOHGHVVXV
ODUJHXUTXHOHSODQGHFXLVVRQ &RXSXUHGHVpFXULWp 3RLGVGHO
DSSDUHLOHQYLUNJ
0HUFLGHFRQVXOWHUOHVFRQVHLOV 
G
LQVWDOODWLRQGDQVOHFKDSLWUH &RQVHLOVG
LQVWDOODWLRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
$SSDUHLOVG
DVSLUDWLRQ 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ HQSDJHVj
DYHFFDGUHDSSDUHQWRXjIOHXUGH
SODQ UHVSHFWHUOHVVSpFLILFLWpVGHV 9DOHXUVGHUDFFRUGHPHQW
GpFRXSHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH N:N:
HVWVXSpULHXUHjPPVHUpIpUHUDX 3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
VFKpPD0RQWDJHGHVERXWRQVGH WRWDOH::
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX &kEOHPDYHFSULVH
SDQQHDX 
/RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
9DULR6pULHXQHEDUUHWWHGH
MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
FKDTXHDSSDUHLO3UpYRLUODEDUUHWWHGH
MRQFWLRQDGpTXDWHVHORQOHW\SH
G
LQVWDOODWLRQ
/DFKDUJHDGPLVVLEOHHWODVWDELOLWp
GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
GHSODQVGHWUDYDLOPLQFHV


 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

9DULRGHFXLVVRQ 

 
 ĂĂ $ ĂĂ $
 

 

 
Ă
Ă“Ă $ ĂĂ $
Ă“Ă $

5Ă 5Ă
%
¡Ă ¡Ă
ƒ
ƒ
!Ă ¡Ă  ¡Ă
5Ă
“
“ “

$VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH $VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH
ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH
%
0HVXUHVHQPP
0HVXUHVHQPP

Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

9XHGXGHVVXV

$VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH
ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH

0HVXUHVHQPP

&RXSHORQJLWXGLQDOH

0HVXUHVHQPP
$
HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
%UHPSOLUGHVLOLFRQH

&RXSHWUDQVYHUVDOH

$
%UHPSOLUGHVLOLFRQH
(QFDVG
LQVWDOODWLRQG
XQFRXYHUFOHIDLUHDWWHQWLRQjODGpFRXSHSOXV
SURIRQGHHWjODODUJHXUGHODUDLQXUHjO
DYDQWHWjO
DUULqUH
0HVXUHVHQPP
9DULRJD]6pULH 3UpYRLUODEDUUHWWHGHMRQFWLRQ
9*  DGpTXDWHVHORQOHW\SHG
LQVWDOODWLRQ
/DFKDUJHDGPLVVLEOHHWODVWDELOLWp
² %U€OHXUPXOWLFRXURQQHVMXVTX
j GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
N: DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
² 5pJXODWLRQWRXWpOHFWURQLTXHGHOD GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
SXLVVDQFHHQSRVLWLRQVGH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
FXLVVRQ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
² 7DLOOHGHIODPPHSUpFLVHHW HQFRQVLGpUDWLRQ
UHSURGXFWLEOH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
² $OOXPDJHDXWRPDWLTXHHWUDSLGH XQHLQVWDOODWLRQjIOHXUGHSODQGH
FRQWU{OHpOHFWURQLTXHGHODIODPPH WUDYDLO
DYHFUpDOOXPDJHDXWRPDWLTXHHQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
9*  )  ࡱ FDVG
H[WLQFWLRQDFFLGHQWHOOHGHOD SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
,QR[  ࡱ+7 IODPPH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
/DUJHXUFP ² )RQFWLRQPLMRWDJHSRXUGHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
*D]EXWDQHSURSDQHPEDU FXLVVRQVjWHPSpUDWXUHEDVVHHW QRWDPPHQWDXQLYHDXGHVGpFRXSHV
9*    ࡱ UpJXOLqUH &RQFHUQDQWOHVDXWUHVPDWpULDX[
,QR[  ࡱ+7 ² %RXWRQGHFRPPDQGHHQLQR[ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
/DUJHXUFP PDVVLI GHWUDYDLO
*D]QDWXUHOPEDU ² &DGUHHQLQR[PDVVLIG
XQH /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
pSDLVVHXUGHPPWUDYDLOOpDYHF QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
$FFHVVRLUHVG
LQVWDOODWLRQ XQHJUDQGHSUpFLVLRQ XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
9$  ࡱ ² 3HXWrWUHLQVWDOOpVXUOHSODQGH 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 WUDYDLODYHFFDGUHDSSDUHQWRXj SDUOHGHVVRXV
SRXULQVWDOODWLRQjIOHXUGHSODQGH IOHXUGHSODQ /DODUJHXUGHODMRQFWLRQGpSHQGGHOD
SOXVLHXUVDSSDUHLOV9DULR6pULH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV WROpUDQFHHQWUHOHVDSSDUHLOVHWOD
9$    ࡱ 9DULRGHOD6pULH GpFRXSHGXSODQGHWUDYDLO
%DUUHWWHGHMRQFWLRQ  ࡱ+7 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ =RQHVGHFXLVVRQ 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR 9*) ODLVVHUXQHVSDFHPLQLPXPGHPP
6pULH %U€OHXUSXLVVDQWGRXEOHFRXURQQH HQWUHOHVGpFRXSHV
9$    ࡱ GHIODPPHV :: SRXU 'HVLQMHFWHXUVVSpFLDX[SHXYHQWrWUH
&RXYHUFOHHQLQR[  ࡱ+7 GHVFDVVHUROHVMXVTX
jPD[L‘FP FRPPDQGpVFRPPHSLqFHVGH
DYHFEDUUHWWHGHPRQWDJH %U€OHXUGRXEOHFRXURQQHGHIODPPHV UHFKDQJH
:: SRXUGHV 3UpYRLUXQHFRQQH[LRQpOHFWULTXH
&RPELQDEOHDYHF FDVVHUROHVMXVTX
jPD[L‘FP O
DSSDUHLOQ
HVWSDVIRQFWLRQQHOVDQV
+RWWHVGHSODIRQG6pULHHW6pULH UDFFRUGHPHQWpOHFWULTXH 
+RWWHGHSODQGHWUDYDLO6pULH 9* 3ULVHG
DLUSDUOHKDXW
+RWWHvORWHWKRWWHPXUDOH6pULH %U€OHXUSXLVVDQWGRXEOHFRXURQQHGH 3DVGHSODQFKHULQWHUPpGLDLUH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH IODPPHV :: SRXUGHV QpFHVVDLUH
+RWWHWLURLU6pULH FDVVHUROHVMXVTX
jPD[L‘FP /DSDURLDUULqUHHWOHVSURILOpVGHILQLWLRQ
*URXSHILOWUDQW6pULH %U€OHXUGRXEOHFRXURQQHGHIODPPHV PXUDOHGRLYHQWUpVLVWHUjODFKDOHXUHW
:: SRXUGHV rWUHHQPDWpULDXLQLQIODPPDEOH
%RQjVDYRLU FDVVHUROHVMXVTX
jPD[L‘FP 'LVWDQFHPLQLPDOHGHPPDYHFOH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ PXURXOHVPHXEOHVDGMDFHQWVRX
GHFXLVVRQRXDXPLQLPXPGHODPrPH %DQGHDXGHFRPPDQGH SUpYRLUXQHLVRODWLRQWKHUPLTXH
ODUJHXUTXHOHSODQGHFXLVVRQ %RXWRQVGHFRPPDQGHDYHFDQQHDX VXSSOpPHQWDLUH
0HUFLGHFRQVXOWHUOHVFRQVHLOV OXPLQHX[LQGLFDWLRQGHV]RQHVGH (QFDVG
LQVWDOODWLRQjF{WpGH
G
LQVWDOODWLRQGDQVOHFKDSLWUH FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV O
DpUDWHXUGHSODQ9/LOIDXW
$SSDUHLOVG
DVSLUDWLRQ $OOXPDJHXQHPDLQ LQVWDOOHUOHGpIOHFWHXU$$SRXU
&RQWU{OHWRXWpOHFWURQLTXHSRXUXQH JDUDQWLUOHVSHUIRUPDQFHVPD[LPDOHV
UpJXODWLRQSUpFLVHGHVQLYHDX[GH GHODWDEOHGHFXLVVRQ
SXLVVDQFHHWGHODIRQFWLRQPLMRWDJH /RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
$OOXPDJHUDSLGHDXWRPDWLTXH FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
HVWVXSpULHXUHjN:LOIDXW
&DUDFWpULVWLTXHV UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
)RQFWLRQPLMRWDJH FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
*ULOOHHQIRQWHKDXWHVWDELOLWp VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
%U€OHXUVHQODLWRQ HQpYDFXDWLRQH[WpULHXUHRXHQ
UHF\FODJH
6pFXULWp /DGLVWDQFHPLQLPDOHHQWUHODWDEOHGH
&RQWU{OHpOHFWURQLTXHGHODIODPPHHW FXLVVRQJD]GHSOXVGHN:HWOD
UpDOOXPDJHDXWRPDWLTXHHQFDV KRWWHGRLWrWUHGHFP
G
H[WLQFWLRQDFFLGHQWHOOHGHODIODPPH /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH WUDYDLOSDUOHGHVVXV
&RXSXUHGHVpFXULWp 3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVG
LQVWDOODWLRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ HQSDJHVj
DYHFFDGUHDSSDUHQWRXjIOHXUGH
SODQ UHVSHFWHUOHVVSpFLILFLWpVGHV 9DOHXUVGHUDFFRUGHPHQW
GpFRXSHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH N:N:
HVWVXSpULHXUHjPPVHUpIpUHUDX 3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
VFKpPD0RQWDJHGHVERXWRQVGH WRWDOH::
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX &kEOHPDYHFSULVH
SDQQHDX 
/RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
9DULR6pULHXQHEDUUHWWHGH
MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
FKDTXHDSSDUHLO

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

 
 ĂĂ $ ĂĂ $
 

 

 
ĂĂĂĂĂĂ
Ă“Ă $ ĂĂ $
Ă“Ă $

5Ă 5Ă
%
¡Ă ¡Ă
ƒ
ƒ
!Ă ¡Ă !Ă ¡Ă
  5Ă
“
“ 

$VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH $VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH
ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH
%
0HVXUHVHQPP
0HVXUHVHQPP

Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

9XHGXGHVVXV

$VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH
ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH

0HVXUHVHQPP
&RXSHORQJLWXGLQDOH

0HVXUHVHQPP
$
HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
%UHPSOLUGHVLOLFRQH

&RXSHWUDQVYHUVDOH

$
%UHPSOLUGHVLOLFRQH
(QFDVG
LQVWDOODWLRQG
XQFRXYHUFOHIDLUHDWWHQWLRQjODGpFRXSHSOXV
SURIRQGHHWjODODUJHXUGHODUDLQXUHjO
DYDQWHWjO
DUULqUH
0HVXUHVHQPP
9DULR7HSSDQ<DNL6pULH /DODUJHXUGHODMRQFWLRQGpSHQGGH
93  ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
GpFRXSHGXSODQGHWUDYDLO
² &XLVVRQGLUHFWHVXUODVXUIDFHHQ 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
DFLHUFKURPpVDQVFDVVHUROHVQL 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
SRrOHV ODLVVHUXQHVSDFHPLQLPXPGHPP
² &RQWU{OHH[DFWGHODWHPSpUDWXUH HQWUHOHVGpFRXSHV
MXVTX
jƒ& 5HSHFWHUXQHVSDFHODWpUDOPLQLPDO
² 5pSDUWLWLRQRSWLPDOHGHODFKDOHXU GHPPDYHFOHVSDURLVODWpUDOHV
² %RXWRQGHFRPPDQGHHQLQR[ GHVPHXEOHVRXSUpYRLUXQHLVRODWLRQ
PDVVLI WKHUPLTXHVXSSOpPHQWDLUH
² &DGUHHQLQR[PDVVLIG
XQH /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
pSDLVVHXUGHPPWUDYDLOOpDYHF WUDYDLOSDUOHGHVVXV
93    ࡱ XQHJUDQGHSUpFLVLRQ 3RLGVGHO
DSSDUHLOHQYLUNJ
,QR[  ࡱ+7 ² 3HXWrWUHLQVWDOOpVXUOHSODQGH 
/DUJHXUFP WUDYDLODYHFFDGUHDSSDUHQWRXj &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
IOHXUGHSODQ HQSDJHVj
/HSUL[FRPSUHQG ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV 
 VSDWXOHV 9DULRGHOD6pULH 9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
$FFHVVRLUHVG
LQVWDOODWLRQ =RQHVGHFXLVVRQ N:
9$  ࡱ 6XUIDFHGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 /FP[3FP SULVH
SRXULQVWDOODWLRQjIOHXUGHSODQGH
SOXVLHXUVDSSDUHLOV9DULR6pULH %DQGHDXGHFRPPDQGH
9$    ࡱ %RXWRQVGHFRPPDQGHDYHFDQQHDX
%DUUHWWHGHMRQFWLRQ  ࡱ+7 OXPLQHX[LQGLFDWLRQGHV]RQHVGH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ FXLVVRQHWGHWHPSpUDWXUH
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR &RQWU{OHpOHFWURQLTXHGHOD
6pULH WHPSpUDWXUHGHƒ&jƒ&
9$    ࡱ
&RXYHUFOHHQLQR[  ࡱ+7 &DUDFWpULVWLTXHV
DYHFEDUUHWWHGHPRQWDJH ]RQHVGHFXLVVRQGH:
FKDFXQHXWLOLVDEOHVFRPPHXQHVHXOH
&RPELQDEOHDYHF JUDQGHVXUIDFHGHFXLVVRQRXELHQ
+RWWHVGHSODIRQG6pULHHW6pULH VpSDUpPHQW
+RWWHGHSODQGHWUDYDLO6pULH 3RVLWLRQPDLQWLHQDXFKDXG
+RWWHvORWHWKRWWHPXUDOH6pULH 3RVLWLRQQHWWR\DJH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH 6XUIDFHIDFLOHG
HQWUHWLHQDSUqV
+RWWHWLURLU6pULH XWLOLVDWLRQ
*URXSHILOWUDQW6pULH
6pFXULWp
%RQjVDYRLU &RXSXUHGHVpFXULWp
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 7pPRLQOXPLQHX[GHSUpFKDXIIDJHHW
GHFXLVVRQRXDXPLQLPXPGHODPrPH GHFKDOHXUUpVLGXHOOH
ODUJHXUTXHOHSODQGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOV &RQVHLOVG
LQVWDOODWLRQ
G
LQVWDOODWLRQGDQVOHFKDSLWUH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOH
$SSDUHLOVG
DVSLUDWLRQ SODQDYHFFDGUHDSSDUHQWRXjIOHXU
GHSODQ UHVSHFWHUOHVVSpFLILFLWpV
GHVGpFRXSHV
/RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
9DULR6pULHXQHEDUUHWWHGH
MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
GHMRQFWLRQDGpTXDWHVHORQOHW\SH
G
LQVWDOODWLRQ
/DFKDUJHDGPLVVLEOHHWODVWDELOLWp
GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
HQFRQVLGpUDWLRQ
,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
XQHLQVWDOODWLRQjIOHXUGHSODQGH
WUDYDLO
/
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
QRWDPPHQWDXQLYHDXGHVGpFRXSHV
&RQFHUQDQWOHVDXWUHVPDWpULDX[
YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
GHWUDYDLO
/DUDLQXUHGRLWrWUHFRQWLQXHHWGH
QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
SDUOHGHVVRXV



/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

$VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH $VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH
ODSOXVSURIRQGH5HSRUWH]YRXVDX[QRWLFHVGHPRQWDJHVpSDUpHV ODSOXVSURIRQGH5HSRUWH]YRXVDX[QRWLFHVGHPRQWDJHVpSDUpHV
%PPGDQVOD]RQHGXVHUUHFkEOH jJDXFKHDXGRV %PPGDQVOD]RQHGXVHUUHFkEOH jJDXFKHDXGRV
&
0HVXUHVHQPP
0HVXUHVHQPP

9XHGXGHVVXV

$VLLQVWDOODWLRQDYHFXQFRXYHUFOHSUHQGUHHQFRQVLGpUDWLRQODGpFRXSH
ODSOXVSURIRQGH VHUpIpUHUDX[VFKpPDVGHPRQWDJH

0HVXUHVHQPP

&RXSHORQJLWXGLQDOH

0HVXUHVHQPP
$
HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
%UHPSOLUGHVLOLFRQH

&RXSHWUDQVYHUVDOH

$
%UHPSOLUGHVLOLFRQH
(QFDVG
LQVWDOODWLRQG
XQFRXYHUFOHIDLUHDWWHQWLRQjODGpFRXSHSOXV
SURIRQGHHWjODODUJHXUGHODUDLQXUHjO
DYDQWHWjO
DUULqUH
0HVXUHVHQPP
9DULR*ULO(OHFWULTXH6pULH 5HVSHFWHUXQHVSDFHODWpUDOPLQLPDO
95  GHPPDYHFOHVSDURLVODWpUDOHV
GHVPHXEOHVRXOHPXU
² ]RQHVSRXYDQWrWUHUpJOpHV (QFDVG
LQVWDOODWLRQDYHFOHFRXYHUFOH
HQVHPEOHRXVpSDUpPHQW 9$LOIDXWWHQLUFRPSWHGHO
HVSDFH
² SODTXHHQIRQWHSRXUGHPL]RQH VXSSOpPHQWDLUHSRXUODSURIRQGHXUGH
SHUPHWWDQWGHJULOOHUHWU{WLUHQ ODGpFRXSH
PrPHWHPSVVXU]RQHVGLVWLQFWHV /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
² *ULOOHHQIRQWHSLHUUHVGHODYH WUDYDLOSDUOHGHVVXV
² %RXWRQGHFRPPDQGHHQLQR[PDVVLI 3RLGVGHO
DSSDUHLOHQYLUNJ
² &DGUHHQLQR[PDVVLIG
XQH 
pSDLVVHXUGHPPWUDYDLOOpDYHF &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
XQHJUDQGHSUpFLVLRQ HQSDJHVj
² 3HXWrWUHLQVWDOOpVXUOHSODQGH
95    ࡱ WUDYDLODYHFFDGUHDSSDUHQWRXj 9DOHXUVGHUDFFRUGHPHQW
,QR[  ࡱ+7 IOHXUGHSODQ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
/DUJHXUFP ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV N:
9DULRGHOD6pULH 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
/HSUL[FRPSUHQG 
 EURVVHGHQHWWR\DJH %DQGHDXGHFRPPDQGH
 JULOOHVHQIRQWH %RXWRQVGHFRPPDQGHDYHFDQQHDX
 EDFUpFXSpUDWHXUGHJUDLVVH OXPLQHX[LQGLFDWLRQGHV]RQHVGH
 SLHUUHGHODYH FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV
 SODTXHIRQWHGHPLVXUIDFH &RQWU{OHpOHFWURQLTXHDYHF
SRVLWLRQVGHFXLVVRQ
$FFHVVRLUHVG
LQVWDOODWLRQ
9$  ࡱ &DUDFWpULVWLTXHV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 &DLVVRQ]RQHGHFXLVVRQUpFHSWDFOH
SRXULQVWDOODWLRQjIOHXUGHSODQGH SRXUSLHUUHVGHODYHHWUHFXHLOOH
SOXVLHXUVDSSDUHLOV9DULR6pULH JUDLVVHHQLQR[
9$    ࡱ ]RQHVGHFXLVVRQGH:
%DUUHWWHGHMRQFWLRQ  ࡱ+7 FKDFXQHXWLOLVDEOHVFRPPHXQHVHXOH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ JUDQGHVXUIDFHGHFXLVVRQRXELHQ
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR VpSDUpPHQW
6pULH JULOOHVHQIRQWH
9$    ࡱ
&RXYHUFOHHQLQR[  ࡱ+7 6pFXULWp
DYHFEDUUHWWHGHPRQWDJH &RXSXUHGHVpFXULWp
7pPRLQOXPLQHX[GHSUpFKDXIIDJHHW
$FFHVVRLUHVHQRSWLRQ GHFKDOHXUUpVLGXHOOH
/9    ࡱ
3LHUUHVGHODYHGH  ࡱ+7 &RQVHLOVG
LQVWDOODWLRQ
UHPSODFHPHQW 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
DYHFFDGUHDSSDUHQWRXjIOHXUGH
&RPELQDEOHDYHF SODQ UHVSHFWHUOHVVSpFLILFLWpVGHV
+RWWHVGHSODIRQG6pULH GpFRXSHV
+RWWHGHSODIRQG$& /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
+RWWHGHSODQGHWUDYDLO6pULH 9DULR6pULHXQHEDUUHWWHGH
+RWWHvORWHWKRWWHPXUDOH6pULH MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
+RWWHWLURLU6pULH GHMRQFWLRQDGpTXDWHVHORQOHW\SH
*URXSHILOWUDQW6pULH G
LQVWDOODWLRQ
/DFKDUJHDGPLVVLEOHHWODVWDELOLWp
%RQjVDYRLU GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
GHFXLVVRQRXDXPLQLPXPGHODPrPH GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
ODUJHXUTXHOHSODQGHFXLVVRQ O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
0HUFLGHFRQVXOWHUOHVFRQVHLOV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
G
LQVWDOODWLRQGDQVOHFKDSLWUH HQFRQVLGpUDWLRQ
$SSDUHLOVG
DVSLUDWLRQ ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
XQHLQVWDOODWLRQjIOHXUGHSODQGH
WUDYDLO
/
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
QRWDPPHQWDXQLYHDXGHVGpFRXSHV
&RQFHUQDQWOHVDXWUHVPDWpULDX[
YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
GHWUDYDLO
/DUDLQXUHGRLWrWUHFRQWLQXHHWGH
QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
VDJHSDUOHGHVVRXV
/DODUJHXUGHODMRQFWLRQGpSHQGGH
ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
GpFRXSHGXSODQGHWUDYDLO
'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
ODLVVHUXQHVSDFHPLQLPXPGHPP
HQWUHOHVGpFRXSHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 


ĂĂ $ 
 Ă $
Ă % Ă %





Ă
Ă“Ă $ ĂĂ $
Ă“Ă $
5Ă 5Ă
GLDĂ &
ƒ ¡Ă
GLDĂ ƒ
!Ă  ¡Ă
!Ă
 5Ă
“ “


0HVXUHVHQPP
$
HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
%UHPSOLUGHVLOLFRQH
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH &RQVHLOVG
LQVWDOODWLRQ
6pULH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
&; GHWUDYDLORXjIOHXUGHSODQ UHVSHFWHU
OHVVSpFLILFLWpVGHVGpFRXSHV
² 8QHVHXOHJUDQGHVXUIDFHGH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
FXLVVRQ 9DULR6pULHXQHEDUUHWWHGH
² (PSODFHPHQWOLEUHGHVFDVVHUROHV MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
² 7RXWHVOHVWDLOOHVHWIRUPHVGH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
FDVVHUROHVSHXYHQWrWUHXWLOLVpHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
² (FUDQ7)7RIIUHXQHJHVWLRQ G
LQVWDOODWLRQ
&;  ࡱ LQWXLWLYHGHWRXWHVOHVIRQFWLRQV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
'HVVXVYHUUH ࡱ+7 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
YLWURFpUDPLTXHQRLU FRQWU{OHGHODWHPSpUDWXUHGDQVOHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
&DGUHLQR[ FDVVHUROHV GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
/DUJHXUFP ² 3XLVVDQFHPD[UHVWLWXpHSRXUJURV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
UpFLSLHQWVMXVTX
jN: HQFRQVLGpUDWLRQ
/HSUL[FRPSUHQG ² &DGUHHQLQR[PDVVLIG
XQH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
 VHQVRUGHFXLVVRQ pSDLVVHXUGHPPWUDYDLOOpDYHF XQHLQVWDOODWLRQjIOHXUGHSODQGH
XQHJUDQGHSUpFLVLRQ WUDYDLO
$FFHVVRLUHVG
LQVWDOODWLRQ ² 3HXWrWUHLQVWDOOpVXUOHSODQGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
9$  ࡱ WUDYDLODYHFFDGUHDSSDUHQWRXj SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 IOHXUGHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
SOXVLHXUVDSSDUHLOV9DULR6pULH 9DULRGHOD6pULH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
9$    ࡱ &RQFHUQDQWOHVDXWUHVPDWpULDX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 =RQHVGHFXLVVRQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 8QHVHXOHJUDQGHVXUIDFHGHFXLVVRQ GHWUDYDLO
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR GHFPò /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
6pULH -XVTX
jUpFLSLHQWVSHXYHQWrWUH QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
XWLOLVpVVLPXOWDQpPHQWVXUODWDEOHGH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
$FFHVVRLUHVHQRSWLRQ FXLVVRQ SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
&$  ࡱ SDUOHGHVVRXV
6HQVRUGHFXLVVRQ  ࡱ+7 %DQGHDXGHFRPPDQGH /DODUJHXUGHODMRQFWLRQGpSHQGGH
SRXUUpJODJHGHOD (FUDQ7)7FRXOHXUSRXUXQHJHVWLRQ ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
WHPSpUDWXUHGDQVOHVFDVVHUROHV LQWXLWLYHGHVIRQFWLRQVDYHFDIILFKDJH GpFRXSHGXSODQGHWUDYDLO
*1    ࡱ GHVRSpUDWLRQV 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
7HSSDQ<DNLFRPSRVp  ࡱ+7 &RQWU{OHpOHFWURQLTXHDYHF 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHSOXVLHXUVFRXFKHVGHPpWDO SRVLWLRQVGHFXLVVRQ ODLVVHUXQHVSDFHPLQLPXPGHPP
*DVWUR1RUP HQWUHOHVGpFRXSHV
3RXUWDEOHLQGXFWLRQ)XOO=RQH &DUDFWpULVWLTXHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
/[+[3[[PP )RQFWLRQ6HQVRUGHFXLVVRQ FXLVLQHjIRQGPDJQpWLTXH
*1    ࡱ )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH /H:RN:3QHSHXWSDVrWUH
7HSSDQ<DNLFRPSRVp  ࡱ+7 )RQFWLRQ&XLVVRQ'\QDPLTXH XWLOLVpDYHFFHWDSSDUHLO
GHSOXVLHXUVFRXFKHVGHPpWDO )RQFWLRQ7HSSDQ<DNL /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
*DVWUR1RUP )RQFWLRQ%RRVWHUSRXUFDVVHUROHV WUDYDLOSDUOHGHVVXV
3RXUWDEOHLQGXFWLRQ)XOO=RQH )RQFWLRQ%RRVWHUSRXUSRrOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
/[+[3[[PP )RQFWLRQ0DLQWLHQDXFKDXG 
'pWHFWLRQLQGLYLGXHOOHGHVUpFLSLHQWV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
&RPELQDEOHDYHF 0LQXWHULHFRXSHFLUFXLWSRXUFKDTXH HQSDJHVjHWSDJH
+RWWHVGHSODIRQG6pULHHW6pULH UpFLSLHQW
+RWWHGHSODQGHWUDYDLO6pULH &KURQRPqWUH 9DOHXUVGHUDFFRUGHPHQW
+RWWHvORWHWKRWWHPXUDOH6pULH 0LQXWHULHLQGpSHQGDQWH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
+RWWHWLURLU6pULH 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ N:
*URXSHILOWUDQW6pULH 5pJXODWHXUG
pQHUJLH &kEOHGHUDFFRUGHPHQWPVDQV
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH SULVH
%RQjVDYRLU UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ KRWWHFRPSDWLEOH 
GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV PRGH'LJLWDO +RPH&RQQHFW 
G
LQVWDOODWLRQGDQVOHFKDSLWUH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
$SSDUHLOVG
DVSLUDWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
)RQFWLRQ3DXVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

&;,QWpJUDWLRQFODVVLTXH &;,QWpJUDWLRQjIOHXUGHSODQ

   

 
 
5Ă
5Ă 
 
ƒ $

ƒ

5Ă
“Ă
“


•Ă
•Ă •Ă
•Ă

“
“


0HVXUHVHQPP 0HVXUHVHQPP

0HVXUHVHQPP
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH &RQVHLOVG
LQVWDOODWLRQ
6pULH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
&; GHWUDYDLORXjIOHXUGHSODQ UHVSHFWHU
OHVVSpFLILFLWpVGHVGpFRXSHV
² 8QHVHXOHJUDQGHVXUIDFHGH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
FXLVVRQ 9DULR6pULHXQHEDUUHWWHGH
² (PSODFHPHQWOLEUHGHVFDVVHUROHV MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
² 7RXWHVOHVWDLOOHVHWIRUPHVGH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
FDVVHUROHVSHXYHQWrWUHXWLOLVpHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
² (FUDQ7)7RIIUHXQHJHVWLRQ G
LQVWDOODWLRQ
&;  ࡱ LQWXLWLYHGHWRXWHVOHVIRQFWLRQV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
'HVVXVYHUUH ࡱ+7 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
YLWURFpUDPLTXHQRLU FRQWU{OHGHODWHPSpUDWXUHGDQVOHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
&DGUHLQR[ FDVVHUROHV GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
/DUJHXUFP ² 3XLVVDQFHPD[UHVWLWXpHSRXUJURV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
UpFLSLHQWVMXVTX
jN: HQFRQVLGpUDWLRQ
/HSUL[FRPSUHQG ² &DGUHHQLQR[PDVVLIG
XQH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
 VHQVRUGHFXLVVRQ pSDLVVHXUGHPPWUDYDLOOpDYHF XQHLQVWDOODWLRQjIOHXUGHSODQGH
XQHJUDQGHSUpFLVLRQ WUDYDLO
$FFHVVRLUHVG
LQVWDOODWLRQ ² 3HXWrWUHLQVWDOOpVXUOHSODQGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
9$  ࡱ WUDYDLODYHFFDGUHDSSDUHQWRXj SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 IOHXUGHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
SOXVLHXUVDSSDUHLOV9DULR6pULH 9DULRGHOD6pULH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
9$    ࡱ &RQFHUQDQWOHVDXWUHVPDWpULDX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 =RQHVGHFXLVVRQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 8QHVHXOHJUDQGHVXUIDFHGHFXLVVRQ GHWUDYDLO
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR GHFPò /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
6pULH -XVTX
jUpFLSLHQWVSHXYHQWrWUH QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
XWLOLVpVVLPXOWDQpPHQWVXUODWDEOHGH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
$FFHVVRLUHVHQRSWLRQ FXLVVRQ SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
&$  ࡱ SDUOHGHVVRXV
6HQVRUGHFXLVVRQ  ࡱ+7 %DQGHDXGHFRPPDQGH /DODUJHXUGHODMRQFWLRQGpSHQGGH
SRXUUpJODJHGHOD (FUDQ7)7FRXOHXUSRXUXQHJHVWLRQ ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
WHPSpUDWXUHGDQVOHVFDVVHUROHV LQWXLWLYHGHVIRQFWLRQVDYHFDIILFKDJH GpFRXSHGXSODQGHWUDYDLO
*1    ࡱ GHVRSpUDWLRQV 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
7HSSDQ<DNLFRPSRVp  ࡱ+7 &RQWU{OHpOHFWURQLTXHDYHF 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHSOXVLHXUVFRXFKHVGHPpWDO SRVLWLRQVGHFXLVVRQ ODLVVHUXQHVSDFHPLQLPXPGHPP
*DVWUR1RUP HQWUHOHVGpFRXSHV
3RXUWDEOHLQGXFWLRQ)XOO=RQH &DUDFWpULVWLTXHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
/[+[3[[PP )RQFWLRQ6HQVRUGHFXLVVRQ FXLVLQHjIRQGPDJQpWLTXH
*1    ࡱ )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH /H:RN:3QHSHXWSDVrWUH
7HSSDQ<DNLFRPSRVp  ࡱ+7 )RQFWLRQ&XLVVRQ'\QDPLTXH XWLOLVpDYHFFHWDSSDUHLO
GHSOXVLHXUVFRXFKHVGHPpWDO )RQFWLRQ7HSSDQ<DNL /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
*DVWUR1RUP )RQFWLRQ%RRVWHUSRXUFDVVHUROHV WUDYDLOSDUOHGHVVXV
3RXUWDEOHLQGXFWLRQ)XOO=RQH )RQFWLRQ%RRVWHUSRXUSRrOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
/[+[3[[PP )RQFWLRQ0DLQWLHQDXFKDXG 
 'pWHFWLRQLQGLYLGXHOOHGHVUpFLSLHQWV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
&RPELQDEOHDYHF 0LQXWHULHFRXSHFLUFXLWSRXUFKDTXH HQSDJHVjHWSDJH
+RWWHVGHSODIRQG6pULHHW6pULH UpFLSLHQW
+RWWHGHSODQGHWUDYDLO6pULH &KURQRPqWUH 9DOHXUVGHUDFFRUGHPHQW
+RWWHvORWHWKRWWHPXUDOH6pULH 0LQXWHULHLQGpSHQGDQWH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
+RWWHWLURLU6pULH 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ N:
*URXSHILOWUDQW6pULH 5pJXODWHXUG
pQHUJLH &kEOHGHUDFFRUGHPHQWPVDQV
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH SULVH
%RQjVDYRLU UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ KRWWHFRPSDWLEOH 
GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV PRGH'LJLWDO +RPH&RQQHFW 
G
LQVWDOODWLRQGDQVOHFKDSLWUH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
$SSDUHLOVG
DVSLUDWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
)RQFWLRQ3DXVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

&;,QWpJUDWLRQFODVVLTXH &;,QWpJUDWLRQjIOHXUGHSODQ

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP
7DEOHGHFXLVVRQ)OH[,QGXFWLRQ &RQVHLOVG
LQVWDOODWLRQ
6pULH /HVERXWRQVGHFRPPDQGHSHXYHQW
9, rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
UDSSRUWDX[]RQHVGHFXLVVRQ
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
GHV]RQHVGHFXLVVRQV HVWVXSpULHXUHjPPVHUpIpUHU
UHFWDQJXODLUHV DXVFKpPD0RQWDJHGHVERXWRQVGH
² 3RVLWLRQQHPHQWOLEUHGHV FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
FDVVHUROHVVXUOHV]RQHVGH SDQQHDX 
FXLVVRQFRPELQpHV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
9,    ࡱ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
6DQVFDGUH ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
+RPH&RQQHFW OHVSRrOHV GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
/DUJHXUFP ² *UDQGH]RQHGHFXLVVRQSRXU O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
FDVVHUROHVMXVTX
j¡FP GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
$FFHVVRLUHVG
LQVWDOODWLRQ ² ,GpDOSRXUODSRrOH:RNjIRQG HQFRQVLGpUDWLRQ
9$  ࡱ DUURQGLDYHFDFFHVVRLUHDGDSWDWHXU /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ² 6pOHFWLRQHWUpJODJHIDFLOHVGH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
SRXULQVWDOODWLRQjIOHXUGHSODQGH WRXWHVOHVIRQFWLRQVJUkFHDX RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
SOXVLHXUVDSSDUHLOV9DULR6pULH GLVSOD\ELFRORUH UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² %RXWRQGHFRPPDQGHHQLQR[ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
$FFHVVRLUHVHQRSWLRQ PDVVLI &RQFHUQDQWOHVDXWUHVPDWpULDX[
*3    ࡱ ² 6DQVFDGUHSRXUHQFDVWUHPHQW YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 jIOHXUGHSODQ GHWUDYDLO
HQLQR[ /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
5HYrWHPHQWDQWLDGKpUHQW =RQHVGHFXLVVRQ QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
SRXU]RQHGHFXLVVRQ‘FP =RQHGHGURLWH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
*3    ࡱ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
3RrOH)U\LQJ6HQVRU  ࡱ+7 [FP :DYHF%RRVWHU VDJHSDUOHGHVVRXV
HQLQR[ : FRPELQDEOHVHQ]RQH[FP /DODUJHXUGHODMRQFWLRQGpSHQGGH
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU:  ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
SRXU]RQHGHFXLVVRQ‘FP =RQHGHJDXFKH GpFRXSHGXSODQGHWUDYDLO
*3    ࡱ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
3RrOH)U\LQJ6HQVRU  ࡱ+7 [FP :DYHF%RRVWHU 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
HQLQR[ : FRPELQDEOHVHQ]RQH[FP ODLVVHUXQHVSDFHPLQLPXPGHPP
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU:  HQWUHOHVGpFRXSHV
SRXU]RQHGHFXLVVRQ‘FP =RQHDXFHQWUH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
*3    ࡱ ]RQHGHFXLVVRQLQGXFWLRQ‘FP FXLVLQHjIRQGPDJQpWLTXH
3RrOH)U\LQJ6HQVRU  ࡱ+7 :DYHF%RRVWHU: /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
HQLQR[ H[WHQVLEOHDXWRPDWLTXHPHQWHQ‘FP WUDYDLOSDUOHGHVVXV
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU: HW 3RLGVGHO
DSSDUHLOHQYLUNJ
SRXU]RQHGHFXLVVRQ‘FP ‘FP :DYHF%RRVWHU:  
:3    ࡱ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
3RrOH:RNHQLQR[  ࡱ+7 %DQGHDXGHFRPPDQGH HQSDJHVjHWSDJH
PXOWLFRXFKHV %RXWRQVGHFRPPDQGHDYHFDQQHDX
$YHFSRLJQpHHWIRQGDUURQGL‘FP OXPLQHX[LQGLFDWLRQGHV]RQHVGH 9DOHXUVGHUDFFRUGHPHQW
OLWUHVKDXWHXUFP FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
:=    ࡱ &RQWU{OHpOHFWURQLTXHDYHF N:
6XSSRUWDGDSWDWHXU  ࡱ+7 SRVLWLRQVGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQV
SRXUSRrOH:RN 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV SULVH
8WLOLVDEOHXQLTXHPHQWVXU9DULR JUkFHDXGLVSOD\ELFRORUH EODQF
LQGXFWLRQ:RN RUDQJH 

&RPELQDEOHDYHF &DUDFWpULVWLTXHV
+RWWHVGHSODIRQG6pULHHW6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHGHSODQGHWUDYDLO6pULH UHFWDQJXODLUHV
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ)U\LQJ6HQVRU
+RWWHWLURLU6pULH )RQFWLRQ%RRVWHU
*URXSHILOWUDQW6pULH 0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
%RQjVDYRLU 5pJXODWHXUG
pQHUJLH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
GHFXLVVRQRXDXPLQLPXPGHODPrPH UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
ODUJHXUTXHOHSODQGHFXLVVRQ KRWWHFRPSDWLEOH 
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO
ODWLRQGDQVOHFKDSLWUH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
$SSDUHLOVG
DVSLUDWLRQ PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[
&RXSXUHGHVpFXULWp


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

 &
% %

“



0HVXUHVHQPP

0HVXUHVHQPP

Montage des boutons de commande, installation à fleur de plan

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP
9DULRGHFXLVVRQ)OH[,QGXFWLRQ 6pFXULWp
6pULH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
9, 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHj
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ QLYHDX[
GHV]RQHVGHFXLVVRQV &RXSXUHGHVpFXULWp
UHFWDQJXODLUHV
² 3RVLWLRQQHPHQWOLEUHGHV &RQVHLOVG
LQVWDOODWLRQ
FDVVHUROHVVXUOHV]RQHVGH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
FXLVVRQFRPELQpHV DYHFFDGUHDSSDUHQWRXjIOHXUGH
9,    ࡱ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ SODQ O
HPSODFHPHQWGHODGpFRXSHGX
&DGUHHQLQR[ ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
+RPH&RQQHFW SRrOHV ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
/DUJHXUFP ² *UDQGH]RQHGHFXLVVRQSRXU /HVERXWRQVGHFRPPDQGHSHXYHQW
FDVVHUROHVMXVTX
j¡FP rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
$FFHVVRLUHVG
LQVWDOODWLRQ ² ,GpDOSRXUODSRrOH:RNjIRQG UDSSRUWDX[]RQHVGHFXLVVRQ
9$  ࡱ DUURQGLDYHFDFFHVVRLUHDGDSWDWHXU 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ² 6pOHFWLRQHWUpJODJHIDFLOHVGH HVWVXSpULHXUHjPPVHUpIpUHU
SRXULQVWDOODWLRQjIOHXUGHSODQGH WRXWHVOHVIRQFWLRQVJUkFHDX DXVFKpPD0RQWDJHGHVERXWRQVGH
SOXVLHXUVDSSDUHLOV9DULR6pULH GLVSOD\ELFRORUH FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
9$    ࡱ ² %RXWRQGHFRPPDQGHHQLQR[ SDQQHDX 
%DUUHWWHGHMRQFWLRQ  ࡱ+7 PDVVLI /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ ² &DGUHHQLQR[PDVVLIG
XQH 9DULR6pULHXQHEDUUHWWHGH
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR pSDLVVHXUGHPPWUDYDLOOpDYHF MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
6pULH XQHJUDQGHSUpFLVLRQ FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
² 3HXWrWUHLQVWDOOpVXUOHSODQGH GHMRQFWLRQDGpTXDWHVHORQOHW\SH
$FFHVVRLUHVHQRSWLRQ WUDYDLODYHFFDGUHDSSDUHQWRXj G
LQVWDOODWLRQ
*3    ࡱ IOHXUGHSODQ /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
3RrOH)U\LQJ6HQVRU  ࡱ+7 ² 6HFRPELQHSDUIDLWHPHQWDYHF GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
HQLQR[ OHV9DULRGHOD6pULH DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
GHFXLVVRQ‘FP =RQHVGHFXLVVRQ O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
*3    ࡱ =RQHGHGURLWH GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ HQFRQVLGpUDWLRQ
HQLQR[ [FP :DYHF%RRVWHU ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH : FRPELQDEOHVHQ]RQH[FP XQHLQVWDOODWLRQjIOHXUGHSODQGH
GHFXLVVRQ‘FP :DYHF%RRVWHU:  WUDYDLO
*3    ࡱ =RQHGHJDXFKH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
HQLQR[ [FP :DYHF%RRVWHU RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH : FRPELQDEOHVHQ]RQH[FP UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
GHFXLVVRQ‘FP :DYHF%RRVWHU:  QRWDPPHQWDXQLYHDXGHVGpFRXSHV
*3    ࡱ =RQHDXFHQWUH &RQFHUQDQWOHVDXWUHVPDWpULDX[
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHGHFXLVVRQLQGXFWLRQ‘FP YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
HQLQR[ :DYHF%RRVWHU: GHWUDYDLO
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH H[WHQVLEOHDXWRPDWLTXHPHQWHQ‘FP /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
GHFXLVVRQ‘FP :DYHF%RRVWHU: HW QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
:3    ࡱ ‘FP :DYHF%RRVWHU:  XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
3RrOH:RNHQLQR[  ࡱ+7 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
PXOWLFRXFKHV %DQGHDXGHFRPPDQGH VDJHSDUOHGHVVRXV
$YHFSRLJQpHHWIRQGDUURQGL‘FP %RXWRQVGHFRPPDQGHDYHFDQQHDX /DODUJHXUGHODMRQFWLRQGpSHQGGH
OLWUHVKDXWHXUFP OXPLQHX[LQGLFDWLRQGHV]RQHVGH ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
:=    ࡱ FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV GpFRXSHGXSODQGHWUDYDLO
6XSSRUWDGDSWDWHXU  ࡱ+7 &RQWU{OHpOHFWURQLTXHDYHF 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
SRXUSRrOH:RN SRVLWLRQVGHFXLVVRQ 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
8WLOLVDEOHXQLTXHPHQWVXU9DULR 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV ODLVVHUXQHVSDFHPLQLPXPGHPP
LQGXFWLRQ:RN JUkFHDXGLVSOD\ELFRORUH EODQF HQWUHOHVGpFRXSHV
RUDQJH  8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
&RPELQDEOHDYHF FXLVLQHjIRQGPDJQpWLTXH
+RWWHVGHSODIRQG6pULHHW6pULH &DUDFWpULVWLTXHV /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ WUDYDLOSDUOHGHVVXV
+RWWHvORWHWKRWWHPXUDOH6pULH UHFWDQJXODLUHV 3RLGVGHO
DSSDUHLOHQYLUNJ
+RWWHWLURLU6pULH )RQFWLRQ)U\LQJ6HQVRU 
*URXSHILOWUDQW6pULH )RQFWLRQ%RRVWHU &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
&KURQRPqWUH HQSDJHVjHWSDJH
%RQjVDYRLU 0LQXWHULHLQGpSHQGDQWH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 0HQXG
RSWLRQVSHUVRQQDOLVpHV 9DOHXUVGHUDFFRUGHPHQW
GHFXLVVRQRXDXPLQLPXPGHODPrPH 5pJXODWHXUG
pQHUJLH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
ODUJHXUTXHOHSODQGHFXLVVRQ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH N:
0HUFLGHFRQVXOWHUOHVFRQVHLOV UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD &kEOHGHUDFFRUGHPHQWPVDQV
G
LQVWDOODWLRQGDQVOHFKDSLWUH KRWWHFRPSDWLEOH  SULVH
$SSDUHLOVG
DVSLUDWLRQ
0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

   



  

 
5 5
$
ƒ
ƒ
5

“ “

¡ ¡
¡ ¡
   
 
! !
 
“ “


0HVXUHVHQPP 0HVXUHVHQPP

Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

! ! ! !


 

¡ ¡ ¡ ¡


 

 
” ! ”
!
0HVXUHVHQPP 0HVXUHVHQPP


“
5

5

 “

0HVXUHVHQPP

 %
 

“



0HVXUHVHQPP

 %

 
$

“



0HVXUHVHQPP
7DEOHGHFXLVVRQ)OH[,QGXFWLRQ 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
6pULH HVWVXSpULHXUHjPPVHUpIpUHU
9, DXVFKpPD0RQWDJHGHVERXWRQVGH
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ SDQQHDX 
GHV]RQHVGHFXLVVRQV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
UHFWDQJXODLUHV GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
² 3RVLWLRQQHPHQWOLEUHGHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
FDVVHUROHVVXUOHV]RQHVGH GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
DXWRPDWLTXHMXVTX
jODUJHXUFP GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
9,    ࡱ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ HQFRQVLGpUDWLRQ
6DQVFDGUH ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
+RPH&RQQHFW SRrOHV SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
/DUJHXUFP ² 6pOHFWLRQHWUpJODJHIDFLOHVGH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
WRXWHVOHVIRQFWLRQVJUkFHDX UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
$FFHVVRLUHVLQVWDOODWLRQ GLVSOD\ELFRORUH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
9$  ࡱ ² %RXWRQGHFRPPDQGHHQLQR[ &RQFHUQDQWOHVDXWUHVPDWpULDX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 PDVVLI YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 6DQVFDGUHSRXUHQFDVWUHPHQWj GHWUDYDLO
SOXVLHXUVDSSDUHLOV9DULR6pULH IOHXUGHSODQ /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
$FFHVVRLUHVHQRSWLRQ =RQHVGHFXLVVRQ XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
*3    ࡱ =RQHGHGURLWH 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ VDJHSDUOHGHVVRXV
HQLQR[ [FP :DYHF%RRVWHU /DODUJHXUGHODMRQFWLRQGpSHQGGH
5HYrWHPHQWDQWLDGKpUHQW : FRPELQDEOHVHQ]RQH[FP ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
SRXU]RQHGHFXLVVRQ‘FP :DYHF%RRVWHU: DYHF GpFRXSHGXSODQGHWUDYDLO
*3    ࡱ H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
3RrOH)U\LQJ6HQVRU  ࡱ+7 :DYHF%RRVWHU:  9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
HQLQR[ =RQHGHJDXFKH ODLVVHUXQHVSDFHPLQLPXPGHPP
5HYrWHPHQWDQWLDGKpUHQW ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ HQWUHOHVGpFRXSHV
SRXU]RQHGHFXLVVRQ‘FP [FP :DYHF%RRVWHU 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
*3    ࡱ : FRPELQDEOHVHQ]RQH[FP FXLVLQHjIRQGPDJQpWLTXH
3RrOH)U\LQJ6HQVRU  ࡱ+7 :DYHF%RRVWHU: DYHF /H:RN:3QHSHXWSDVrWUH
HQLQR[ H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP XWLOLVpDYHFFHWDSSDUHLO
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU:  /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
SRXU]RQHGHFXLVVRQ‘FP WUDYDLOSDUOHGHVVXV
*3    ࡱ %DQGHDXGHFRPPDQGH 3RLGVGHO
DSSDUHLOHQYLUNJ
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RXWRQVGHFRPPDQGHDYHFDQQHDX 
HQLQR[ OXPLQHX[LQGLFDWLRQGHV]RQHVGH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
5HYrWHPHQWDQWLDGKpUHQW FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV HQSDJHVjHWSDJH
SRXU]RQHGHFXLVVRQ‘FP &RQWU{OHpOHFWURQLTXHDYHF
SRVLWLRQVGHFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW
&RPELQDEOHDYHF 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
+RWWHVGHSODIRQG6pULHHW6pULH JUkFHDXGLVSOD\ELFRORUH EODQF N:
+RWWHGHSODQGHWUDYDLO6pULH RUDQJH  &kEOHGHUDFFRUGHPHQWPVDQV
+RWWHvORWHWKRWWHPXUDOH6pULH SULVH
+RWWHWLURLU6pULH &DUDFWpULVWLTXHV
*URXSHILOWUDQW6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
UHFWDQJXODLUHV
%RQjVDYRLU )RQFWLRQ)U\LQJ6HQVRU
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ )RQFWLRQ%RRVWHU
GHFXLVVRQRXDXPLQLPXPGHODPrPH &KURQRPqWUH
ODUJHXUTXHOHSODQGHFXLVVRQ 0LQXWHULHLQGpSHQGDQWH
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO 0HQXG
RSWLRQVSHUVRQQDOLVpHV
ODWLRQGDQVOHFKDSLWUH 5pJXODWHXUG
pQHUJLH
$SSDUHLOVG
DVSLUDWLRQ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
/HVERXWRQVGHFRPPDQGHSHXYHQW
rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
UDSSRUWDX[]RQHVGHFXLVVRQ


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

0HVXUHVHQPP

0HVXUHVHQPP

Montage des boutons de commande, installation à fleur de plan

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP
9DULRGHFXLVVRQ)OH[,QGXFWLRQ &RQVHLOVG
LQVWDOODWLRQ
6pULH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
9, DYHFFDGUHDSSDUHQWRXjIOHXUGH
SODQ O
HPSODFHPHQWGHODGpFRXSHGX
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
GHV]RQHVGHFXLVVRQV ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
UHFWDQJXODLUHV /HVERXWRQVGHFRPPDQGHSHXYHQW
² 3RVLWLRQQHPHQWOLEUHGHV rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
FDVVHUROHVVXUOHV]RQHVGH UDSSRUWDX[]RQHVGHFXLVVRQ
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
DXWRPDWLTXHMXVTX
jODUJHXUFP HVWVXSpULHXUHjPPVHUpIpUHU
9,    ࡱ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ DXVFKpPD0RQWDJHGHVERXWRQVGH
6DQVFDGUH ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
+RPH&RQQHFW SRrOHV SDQQHDX 
/DUJHXUFP ² 6pOHFWLRQHWUpJODJHIDFLOHVGH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
WRXWHVOHVIRQFWLRQVJUkFHDX 9DULR6pULHXQHEDUUHWWHGH
$FFHVVRLUHVG
LQVWDOODWLRQ GLVSOD\ELFRORUH MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
9$  ࡱ ² %RXWRQGHFRPPDQGHHQLQR[ FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 PDVVLI GHMRQFWLRQDGpTXDWHVHORQOHW\SH
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² &DGUHHQLQR[PDVVLIG
XQH G
LQVWDOODWLRQ
SOXVLHXUVDSSDUHLOV9DULR6pULH pSDLVVHXUGHPPWUDYDLOOpDYHF /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
9$    ࡱ XQHJUDQGHSUpFLVLRQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ² 3HXWrWUHLQVWDOOpVXUOHSODQGH DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ WUDYDLODYHFFDGUHDSSDUHQWRXj GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR IOHXUGHSODQ O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
6pULH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
9DULRGHOD6pULH HQFRQVLGpUDWLRQ
$FFHVVRLUHVHQRSWLRQ ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
*3    ࡱ =RQHVGHFXLVVRQ XQHLQVWDOODWLRQjIOHXUGHSODQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 =RQHGHGURLWH WUDYDLO
HQLQR[ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH [FP : DYHF%RRVWHU SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
GHFXLVVRQ‘FP : FRPELQDEOHVHQ]RQH[FP RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
*3    ࡱ :DYHF%RRVWHU: DYHF UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
3RrOH)U\LQJ6HQVRU  ࡱ+7 H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP QRWDPPHQWDXQLYHDXGHVGpFRXSHV
HQLQR[ :DYHF%RRVWHU:  &RQFHUQDQWOHVDXWUHVPDWpULDX[
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH =RQHGHJDXFKH YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
GHFXLVVRQ‘FP ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ GHWUDYDLO
*3    ࡱ [FP : DYHF%RRVWHU /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 : FRPELQDEOHVHQ]RQH[FP QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
HQLQR[ :DYHF%RRVWHU: DYHF XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
GHFXLVVRQ‘FP :DYHF%RRVWHU:  VDJHSDUOHGHVVRXV
*3    ࡱ /DODUJHXUGHODMRQFWLRQGpSHQGGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 %DQGHDXGHFRPPDQGH ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
HQLQR[ %RXWRQVGHFRPPDQGHDYHFDQQHDX GpFRXSHGXSODQGHWUDYDLO
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH OXPLQHX[LQGLFDWLRQGHV]RQHVGH 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
GHFXLVVRQ‘FP FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
&RQWU{OHpOHFWURQLTXHDYHF ODLVVHUXQHVSDFHPLQLPXPGHPP
&RPELQDEOHDYHF SRVLWLRQVGHFXLVVRQ HQWUHOHVGpFRXSHV
+RWWHVGHSODIRQG6pULHHW6pULH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
+RWWHGHSODQGHWUDYDLO6pULH JUkFHDXGLVSOD\ELFRORUH EODQF FXLVLQHjIRQGPDJQpWLTXH
+RWWHvORWHWKRWWHPXUDOH6pULH RUDQJH  /H:RN:3QHSHXWSDVrWUH
+RWWHWLURLU6pULH XWLOLVpDYHFFHWDSSDUHLO
*URXSHILOWUDQW6pULH &DUDFWpULVWLTXHV /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ WUDYDLOSDUOHGHVVXV
%RQjVDYRLU UHFWDQJXODLUHV 3RLGVGHO
DSSDUHLOHQYLUNJ
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ )RQFWLRQ)U\LQJ6HQVRU 
GHFXLVVRQRXDXPLQLPXPGHODPrPH )RQFWLRQ%RRVWHU &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
ODUJHXUTXHOHSODQGHFXLVVRQ &KURQRPqWUH HQSDJHVjHWSDJH
0HUFLGHFRQVXOWHUOHVFRQVHLOV 0LQXWHULHLQGpSHQGDQWH
G
LQVWDOODWLRQGDQVOHFKDSLWUH 0HQXG
RSWLRQVSHUVRQQDOLVpHV 9DOHXUVGHUDFFRUGHPHQW
$SSDUHLOVG
DVSLUDWLRQ 5pJXODWHXUG
pQHUJLH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH N:
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD &kEOHGHUDFFRUGHPHQWPVDQV
KRWWHFRPSDWLEOH  SULVH

0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
&RXSXUHGHVpFXULWp
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

9DULRGHFXLVVRQ 

   



 

 


“ “

5 5
¡ ¡ $
ƒ
    ƒ
¡ ¡
!  !  5
“
“ 

0HVXUHVHQPP 0HVXUHVHQPP

Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

! ! ! !


 

¡ ¡ ¡ ¡


 

 
” ! ”
!
0HVXUHVHQPP 0HVXUHVHQPP

 
 “
5

5

 “

0HVXUHVHQPP

 %
 

“



0HVXUHVHQPP

 %

 
$

“



0HVXUHVHQPP
7DEOHGHFXLVVRQ)OH[,QGXFWLRQ /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
6pULH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
9, DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
GHV]RQHVGHFXLVVRQV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
UHFWDQJXODLUHV HQFRQVLGpUDWLRQ
² 3RVLWLRQQHPHQWOLEUHGHV /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
FDVVHUROHVVXUOHV]RQHVGH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
DXWRPDWLTXHMXVTX
jODUJHXUFP UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
FRQWU{OHGHODWHPSpUDWXUHGDQV &RQFHUQDQWOHVDXWUHVPDWpULDX[
OHVSRrOHV YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
9,    ࡱ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH GHWUDYDLO
6DQVFDGUH ࡱ+7 WRXWHVOHVIRQFWLRQVJUkFHDX /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
+RPH&RQQHFW GLVSOD\ELFRORUH QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
/DUJHXUFP ² %RXWRQGHFRPPDQGHHQLQR[ XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
PDVVLI SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
$FFHVVRLUHVG
LQVWDOODWLRQ ² 6DQVFDGUHSRXUHQFDVWUHPHQWj SDUOHGHVVRXV
9$  ࡱ IOHXUGHSODQ /DODUJHXUGHODMRQFWLRQGpSHQGGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
SRXULQVWDOODWLRQjIOHXUGHSODQGH =RQHVGHFXLVVRQ GpFRXSHGXSODQGHWUDYDLO
SOXVLHXUVDSSDUHLOV9DULR6pULH =RQHGHGURLWH 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
]RQHVGHFXLVVRQ)OH[,QGXFWLRQ 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
$FFHVVRLUHVHQRSWLRQ [FP :DYHF%RRVWHU ODLVVHUXQHVSDFHPLQLPXPGHPP
*3    ࡱ : FRPELQDEOHVHQ]RQH[FP HQWUHOHVGpFRXSHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 :DYHF%RRVWHU: DYHF 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
HQLQR[ H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP FXLVLQHjIRQGPDJQpWLTXH
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU:  /H:RN:3QHSHXWSDVrWUH
SRXU]RQHGHFXLVVRQ‘FP =RQHGHJDXFKH XWLOLVpDYHFFHWDSSDUHLO
*3    ࡱ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 [FP :DYHF%RRVWHU WUDYDLOSDUOHGHVVXV
HQLQR[ : FRPELQDEOHVHQ]RQH[FP 3RLGVGHO
DSSDUHLOHQYLUNJ
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU:  
SRXU]RQHGHFXLVVRQ‘FP &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
*3    ࡱ %DQGHDXGHFRPPDQGH HQSDJHVjHWSDJH
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RXWRQVGHFRPPDQGHDYHFDQQHDX
HQLQR[ OXPLQHX[LQGLFDWLRQGHV]RQHVGH 9DOHXUVGHUDFFRUGHPHQW
5HYrWHPHQWDQWLDGKpUHQW FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
SRXU]RQHGHFXLVVRQ‘FP &RQWU{OHpOHFWURQLTXHDYHF N:
*3    ࡱ SRVLWLRQVGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQV
3RrOH)U\LQJ6HQVRU  ࡱ+7 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV SULVH
HQLQR[ JUkFHDXGLVSOD\ELFRORUH EODQF
5HYrWHPHQWDQWLDGKpUHQW RUDQJH 
SRXU]RQHGHFXLVVRQ‘FP
&DUDFWpULVWLTXHV
&RPELQDEOHDYHF )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH UHFWDQJXODLUHV
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQ)U\LQJ6HQVRU
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ%RRVWHU
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH &KURQRPqWUH
+RWWHWLURLU6pULH 0LQXWHULHLQGpSHQGDQWH
*URXSHILOWUDQW6pULH 0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
%RQjVDYRLU &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
GHFXLVVRQRXDXPLQLPXPGHODPrPH KRWWHFRPSDWLEOH 
ODUJHXUTXHOHSODQGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
ODWLRQGDQVOHFKDSLWUH PRGH'LJLWDO +RPH&RQQHFW 
$SSDUHLOVG
DVSLUDWLRQ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
/HVERXWRQVGHFRPPDQGHSHXYHQW
rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
UDSSRUWDX[]RQHVGHFXLVVRQ
6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
HVWVXSpULHXUHjPPVHUpIpUHU
DXVFKpPD0RQWDJHGHVERXWRQVGH
FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
SDQQHDX  /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

0HVXUHVHQPP

0HVXUHVHQPP

Montage des boutons de commande, installation à fleur de plan

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP
9DULRGHFXLVVRQ)OH[,QGXFWLRQ &RQVHLOVG
LQVWDOODWLRQ
6pULH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
9, DYHFFDGUHDSSDUHQWRXjIOHXUGH
SODQ O
HPSODFHPHQWGHODGpFRXSHGX
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
GHV]RQHVGHFXLVVRQV ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
UHFWDQJXODLUHV /HVERXWRQVGHFRPPDQGHSHXYHQW
² 3RVLWLRQQHPHQWOLEUHGHV rWUHSRVLWLRQQpVKRUL]RQWDOHPHQWSDU
FDVVHUROHVVXUOHV]RQHVGH UDSSRUWDX[]RQHVGHFXLVVRQ
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
DXWRPDWLTXHMXVTX
jODUJHXUFP HVWVXSpULHXUHjPPVHUpIpUHU
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ DXVFKpPD0RQWDJHGHVERXWRQVGH
FRQWU{OHGHODWHPSpUDWXUHGDQVOHV FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
SRrOHV SDQQHDX 
9,    ࡱ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
&DGUHHQLQR[ ࡱ+7 WRXWHVOHVIRQFWLRQVJUkFHDX 9DULR6pULHXQHEDUUHWWHGH
+RPH&RQQHFW GLVSOD\ELFRORUH MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
/DUJHXUFP ² %RXWRQGHFRPPDQGHHQLQR[ FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
PDVVLI GHMRQFWLRQDGpTXDWHVHORQOHW\SH
$FFHVVRLUHVG
LQVWDOODWLRQ ² &DGUHHQLQR[PDVVLIG
XQH G
LQVWDOODWLRQ
9$  ࡱ pSDLVVHXUGHPPWUDYDLOOpDYHF /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
%DUUHWWHGHMRQFWLRQ  ࡱ+7 XQHJUDQGHSUpFLVLRQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 3HXWrWUHLQVWDOOpVXUOHSODQGH DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
SOXVLHXUVDSSDUHLOV9DULR6pULH WUDYDLODYHFFDGUHDSSDUHQWRXj GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
9$    ࡱ IOHXUGHSODQ O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 9DULRGHOD6pULH HQFRQVLGpUDWLRQ
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
6pULH =RQHVGHFXLVVRQ XQHLQVWDOODWLRQjIOHXUGHSODQGH
=RQHGHGURLWH WUDYDLO
$FFHVVRLUHVHQRSWLRQ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
*3    ࡱ [FP :DYHF%RRVWHU SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 : FRPELQDEOHVHQ]RQH[FP RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
HQLQR[ :DYHF%RRVWHU: DYHF UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP QRWDPPHQWDXQLYHDXGHVGpFRXSHV
GHFXLVVRQ‘FP :DYHF%RRVWHU:  &RQFHUQDQWOHVDXWUHVPDWpULDX[
*3    ࡱ =RQHGHJDXFKH YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ GHWUDYDLO
HQLQR[ [FP :DYHF%RRVWHU /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH : FRPELQDEOHVHQ]RQH[FP QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
GHFXLVVRQ‘FP :DYHF%RRVWHU:  XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
*3    ࡱ 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLV
3RrOH)U\LQJ6HQVRU  ࡱ+7 %DQGHDXGHFRPPDQGH VDJHSDUOHGHVVRXV
HQLQR[ %RXWRQVGHFRPPDQGHDYHFDQQHDX /DODUJHXUGHODMRQFWLRQGpSHQGGH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH OXPLQHX[LQGLFDWLRQGHV]RQHVGH ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
GHFXLVVRQ‘FP FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV GpFRXSHGXSODQGHWUDYDLO
*3    ࡱ &RQWU{OHpOHFWURQLTXHDYHF 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
3RrOH)U\LQJ6HQVRU  ࡱ+7 SRVLWLRQVGHFXLVVRQ 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
HQLQR[ 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV ODLVVHUXQHVSDFHPLQLPXPGHPP
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH JUkFHDXGLVSOD\ELFRORUH EODQF HQWUHOHVGpFRXSHV
GHFXLVVRQ‘FP RUDQJH  8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
FXLVLQHjIRQGPDJQpWLTXH
&RPELQDEOHDYHF &DUDFWpULVWLTXHV /H:RN:3QHSHXWSDVrWUH
+RWWHVGHSODIRQG6pULHHW6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ XWLOLVpDYHFFHWDSSDUHLO
+RWWHGHSODQGHWUDYDLO6pULH UHFWDQJXODLUHV /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ)U\LQJ6HQVRU WUDYDLOSDUOHGHVVXV
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH )RQFWLRQ%RRVWHU 3RLGVGHO
DSSDUHLOHQYLUNJ
+RWWHWLURLU6pULH &KURQRPqWUH 
*URXSHILOWUDQW6pULH 0LQXWHULHLQGpSHQGDQWH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
0HQXG
RSWLRQVSHUVRQQDOLVpHV HQSDJHVjHWSDJH
%RQjVDYRLU 5pJXODWHXUG
pQHUJLH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH 9DOHXUVGHUDFFRUGHPHQW
GHFXLVVRQRXDXPLQLPXPGHODPrPH UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
ODUJHXUTXHOHSODQGHFXLVVRQ KRWWHFRPSDWLEOH  N:
0HUFLGHFRQVXOWHUOHVFRQVHLOV &kEOHGHUDFFRUGHPHQWPVDQV
G
LQVWDOODWLRQGDQVOHFKDSLWUH 0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV SULVH
$SSDUHLOVG
DVSLUDWLRQ PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
&RXSXUHGHVpFXULWp

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

 
 

 

 


“  “

5 5
¡ GLD $
ƒ
   ƒ
 ¡ GLD
! !
  5
“
“


0HVXUHVHQPP 0HVXUHVHQPP

Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

! ! ! !


 

¡ ¡ ¡ ¡


 

 
” ”
! !
0HVXUHVHQPP 0HVXUHVHQPP


“
5 

5

 “

0HVXUHVHQPP

 %
 

“



 

0HVXUHVHQPP

 %

 
$

“



0HVXUHVHQPP
9DULRJD]6pULH 9DOHXUVGHUDFFRUGHPHQW 3RVVLELOLWpGHSRVLWLRQQHPHQW
9*  3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD] KRUL]RQWDOGHVERXWRQVSRXUXQ
N: DOLJQHPHQWDYHFOHVEU€OHXUV
² EU€OHXUVPXOWLFRXURQQHVMXVTX
j 3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
N: WRWDOH: HVWVXSpULHXUHjPPVHUpIpUHUDX
² 5pJXODWLRQWRXWpOHFWURQLTXHGHOD &kEOHPDYHFSULVH VFKpPD0RQWDJHGHVERXWRQVGH
SXLVVDQFHHQSRVLWLRQVGH FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
FXLVVRQ SDQQHDX 
² 7DLOOHGHIODPPHSUpFLVHHW /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
9*  )  ࡱ UHSURGXFWLEOH 9DULR6pULHXQHEDUUHWWHGH
,QR[  ࡱ+7 ² $OOXPDJHDXWRPDWLTXHHWUDSLGH MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
/DUJHXUFP FRQWU{OHpOHFWURQLTXHGHODIODPPH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWHGH
*D]EXWDQHSURSDQHPEDU DYHFUpDOOXPDJHDXWRPDWLTXHHQ MRQFWLRQDGpTXDWHVHORQOHW\SH
9*    ࡱ FDVG
H[WLQFWLRQDFFLGHQWHOOHGHOD G
LQVWDOODWLRQ
,QR[  ࡱ+7 IODPPH /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
/DUJHXUFP ² )RQFWLRQPLMRWDJHSRXUGHV GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
*D]QDWXUHOPEDU FXLVVRQVjWHPSpUDWXUHEDVVHHW DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
UpJXOLqUH GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
/HSUL[FRPSUHQG ² *ULOOHVHQIRQWHKDXWHVWDELOLWp O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
 DQQHDXSRXU:2. ² %RXWRQGHFRPPDQGHHQLQR[ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
PDVVLI HQFRQVLGpUDWLRQ
$FFHVVRLUHVG
LQVWDOODWLRQ ² &DGUHHQLQR[PDVVLIG
XQH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
9$  ࡱ pSDLVVHXUGHPPWUDYDLOOpDYHF XQHLQVWDOODWLRQjIOHXUGHSODQGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 XQHJUDQGHSUpFLVLRQ WUDYDLO
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 3HXWrWUHLQVWDOOpVXUOHSODQGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
SOXVLHXUVDSSDUHLOV9DULR6pULH WUDYDLODYHFFDGUHDSSDUHQWRXj SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
9$    ࡱ IOHXUGHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 9DULRGHOD6pULH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR &RQFHUQDQWOHVDXWUHVPDWpULDX[
6pULH =RQHVGHFXLVVRQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
 9*) GHWUDYDLO
$FFHVVRLUHVHQRSWLRQ %U€OHXU:RNWULSOHFRXURQQHGH /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
:3    ࡱ IODPPHV :: SRXUGHV QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
3RrOH:RNHQLQR[  ࡱ+7 FDVVHUROHVMXVTX
jPD[L‘FP XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
PXOWLFRXFKHV %U€OHXUVSXLVVDQWVGRXEOHFRXURQQH 1HSDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH GHIODPPHV :: SRXU SDUOHGHVVRXV
FPOLWUHVKDXWHXUFP GHVFDVVHUROHVMXVTX
jPD[L‘FP /DODUJHXUGHODMRQFWLRQGpSHQGGHOD
%U€OHXUVGRXEOHFRXURQQHGH WROpUDQFHHQWUHOHVDSSDUHLOVHWOD
&RPELQDEOHDYHF IODPPHV :: SRXUGHV GpFRXSHGXSODQGHWUDYDLO
+RWWHVGHSODIRQG6pULHHW6pULH FDVVHUROHVMXVTX
jPD[L‘FP 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
+RWWHGHSODQGHWUDYDLO6pULH 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
+RWWHvORWHWKRWWHPXUDOH6pULH 9* ODLVVHUXQHVSDFHPLQLPXPGHPP
+RWWHWLURLU6pULH %U€OHXU:RNWULSOHFRXURQQHGH HQWUHOHVGpFRXSHV
*URXSHILOWUDQW6pULH IODPPHV :: SRXUGHV 'HVLQMHFWHXUVVSpFLDX[SHXYHQWrWUH
FDVVHUROHVMXVTX
jPD[L‘FP FRPPDQGpVFRPPHSLqFHVGH
%RQjVDYRLU %U€OHXUVSXLVVDQWVGRXEOHFRXURQQH UHFKDQJH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ GHIODPPHV :: SRXU 3UpYRLUXQHFRQQH[LRQpOHFWULTXH
GHFXLVVRQRXDXPLQLPXPGHODPrPH GHVFDVVHUROHVMXVTX
jPD[L‘FP O
DSSDUHLOQ
HVWSDVIRQFWLRQQHOVDQV
ODUJHXUTXHOHSODQGHFXLVVRQ %U€OHXUVGRXEOHFRXURQQHGH UDFFRUGHPHQWpOHFWULTXH 
0HUFLGHFRQVXOWHUOHVFRQVHLOV IODPPHV :: SRXUGHV 3ULVHG
DLUSDUOHKDXW
G
LQVWDOODWLRQGDQVOHFKDSLWUH FDVVHUROHVMXVTX
jPD[L‘FP 3DVGHSODQFKHULQWHUPpGLDLUH
$SSDUHLOVG
DVSLUDWLRQ QpFHVVDLUH
%DQGHDXGHFRPPDQGH /DSDURLDUULqUHHWOHVSURILOpVGHILQLWLRQ
%RXWRQVGHFRPPDQGHDYHFDQQHDX PXUDOHGRLYHQWUpVLVWHUjODFKDOHXUHW
OXPLQHX[LQGLFDWLRQGHV]RQHVGH rWUHHQPDWpULDXLQLQIODPPDEOH
FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 'LVWDQFHODWpUDOHPLQLPDOHGHPP
$OOXPDJHXQHPDLQ DYHFOHVPHXEOHVODWpUDX[SRXU
&RQWU{OHWRXWpOHFWURQLTXHSRXUXQH SURWHFWLRQFRQWUHFKDXIIHRXSUpYRLU
UpJXODWLRQSUpFLVHGHVQLYHDX[GH LVRODWLRQVXSSOpPHQWDLUH
SXLVVDQFHHWGHODIRQFWLRQPLMRWDJH ,QWpJUDWLRQGDQVXQPHXEOHEDVGH
$OOXPDJHUDSLGHDXWRPDWLTXH ODUJHXUFPPLQLPXPSRVVLEOH
3DVG
LQVWDOODWLRQDYHF9/
&DUDFWpULVWLTXHV O
HIILFDFLWpG
DVSLUDWLRQQ
pWDQWSDV
)RQFWLRQPLMRWDJH JDUDQWLHDXQLYHDXGXEU€OHXUFHQWUDO
JULOOHVHQIRQWHKDXWHVWDELOLWp GXIDLWGHO
pORLJQHPHQW
%U€OHXUVHQODLWRQ /RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
6pFXULWp HVWVXSpULHXUHjN:LOIDXW
&RQWU{OHpOHFWURQLTXHGHODIODPPHHW UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
UpDOOXPDJHDXWRPDWLTXHHQFDV FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
G
H[WLQFWLRQDFFLGHQWHOOHGHODIODPPH VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH HQpYDFXDWLRQH[WpULHXUHRXHQ
&RXSXUHGHVpFXULWp UHF\FODJH/DGLVWDQFHPLQLPDOHHQWUH
ODWDEOHGHFXLVVRQJD]GHSOXVGH
&RQVHLOVG
LQVWDOODWLRQ N:HWODKRWWHGRLWrWUHGHFP
6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
DYHFFDGUHDSSDUHQWRXjIOHXUGH WUDYDLOSDUOHGHVVXV
SODQ UHVSHFWHUOHVVSpFLILFLWpVGHV 3RLGVGHO
DSSDUHLOHQYLUNJ
GpFRXSHV 
&RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
HQSDJHVj

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

   

    




5 5
$
ƒ
ƒ


5
   
 “ 
“

¡ ¡
¡ ¡
   
 
!  ! 
“ “


$
0HVXUHVHQPP      


    HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
   
0HVXUHVHQPP

Montage des boutons de commande, installation classique Montage des boutons de commande, installation à fleur de plan

! ! ! !


 

¡ ¡ ¡ ¡


 

 
” ! ”
!
0HVXUHVHQPP 0HVXUHVHQPP


“
5

5

 “

0HVXUHVHQPP

 %
 

“


$
HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
%UHPSOLUGHVLOLFRQH
0HVXUHVHQPP

 %

 
$

“



$
HQFRPELQDLVRQDYHFWDEOHVLQGXFWLRQVDQVFDGUH
%UHPSOLUGHVLOLFRQH
0HVXUHVHQPP
9DULR$pUDWHXU6pULH &DLVVRQVPRWHXUVFRUUHVSRQGDQWV &RQVHLOVG
LQVWDOODWLRQ
9/  YRLUSDJHV ,OHVWUHFRPPDQGpG
LQVWDOOHUXQ
PRWHXUSDU9/
² 3RXUXQHFRPELQDLVRQSDUIDLWHj /HPRGHUHF\FODJHQ
HVWSDV
IOHXUGHSODQDYHFOHVDXWUHV UHFRPPDQGpGDQVOHFDVGH
DSSDUHLOV9DULRGHOD6pULH O
LQVWDOODWLRQG
XQ9DULR*ULOpOHFWULTXH
² &DGUHHQLQR[PDVVLIG
XQH /DUJHXUPD[LPDOHGHODSODTXHGH
pSDLVVHXUGHPPWUDYDLOOpDYHF ‡$5 FXLVVRQHQWUH9/FP
XQHJUDQGHSUpFLVLRQ /H9DULR*ULOpOHFWULTXHHWOH9DULR*D]
² /LYUpDYHFERXWRQGHFRPPDQGH :RNGRLYHQWrWUHSODFpVHQWUH9/
HQLQR[PDVVLI (QFDVG
XWLOLVDWLRQjF{WpG
XQDSSDUHLO
² 6\VWqPHGHYHQWLODWLRQWUqV JD]OHGpIOHFWHXUG
DLU$$
SHUIRUPDQWHWSDUWLFXOLqUHPHQW HVWUHFRPPDQGpSRXUDVVXUHUOD
೦1RXYHDX VLOHQFLHX[QRWDPPHQWDYHFOH SHUIRUPDQFHPD[LPDOHGHODWDEOHGH
9/  ೦  ࡱ FDLVVRQPRWHXUVpSDUp$5 FXLVVRQ
,QR[  ࡱ+7 ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH ‡$5 /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
/DUJHXUFP SDU6HQVRUDGDSWHODSXLVVDQFH WUDYDLOSDUOHGHVVXV
(YDFXDWLRQH[WpULHXUHRXPRGH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
UHF\FODJH GHFXLVVRQ DYHFFDGUHDSSDUHQWRXjIOHXUGH
6DQVPRWHXU ² 3ODQLILFDWLRQHWLQVWDOODWLRQIDFLOHV SODQ O
HPSODFHPHQWGHODGpFRXSHGX
SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
$FFHVVRLUHVG
LQVWDOODWLRQ 3HUIRUPDQFHV ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
$'  ࡱ /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW ‡$5 /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
3LqFHGHFRQQH[LRQ  ࡱ+7 GXPRWHXUVpSDUpDVVRFLpYRLUWDEOHDX 9DULR6pULHXQHEDUUHWWHGH
IOH[LEOHSRXU9/HW9/ SDJH MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
‘PPSODW FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
$'  ࡱ &DUDFWpULVWLTXHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
3LqFHGHFRQQH[LRQ  ࡱ+7 %RXWRQGHFRPPDQGHDYHFDQQHDX G
LQVWDOODWLRQ
SRXU9/HW9/SRXUH[WHQVLRQ OXPLQHX[LQFOXVGDQVODOLYUDLVRQ ‡$5 /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
DYHFJDLQHSODWH‘PPSRXUSODQ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
GHWUDYDLOWUqVSURIRQG LQWHQVLYH DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
9$    ࡱ )RQFWLRQ$XWRPDWLTXHDYHF GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
SRXULQVWDOODWLRQjIOHXUGHSODQGH )LOWUHDQWLJUDLVVHPpWDOOLTXHDYHFXQ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
SOXVLHXUVDSSDUHLOV9DULR6pULH IRUWWDX[G
DEVRUSWLRQGHVJUDLVVHV HQFRQVLGpUDWLRQ
9$    ࡱ )LOWUHDQWLJUDLVVHODYDEOHDXODYHYDLVVHOOH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
%DUUHWWHGHMRQFWLRQ  ࡱ+7 7pPRLQGHVDWXUDWLRQGHVILOWUHV XQHLQVWDOODWLRQjIOHXUGHSODQGH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ DQWLJUDLVVHHWFKDUERQDFWLI ‡$5 WUDYDLO
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR )OX[G
DLULQWpULHXURSWLPLVpSRXU /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
6pULH XQJXLGDJHGHODFLUFXODWLRQGHO
DLU SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
HIILFDFH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
$FFHVVRLUHVHQRSWLRQ )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
$$  ࡱ *ULOOHGHYHQWLODWLRQpPDLOOpHODYDEOH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
0RGXOHDGDSWDWHXU  ࡱ+7 DXODYHYDLVVHOOH &RQFHUQDQWOHVDXWUHVPDWpULDX[
SRXUFRQWDFWHXUGHIHQrWUH &RXGHGHUDFFRUGHPHQWSRXU YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
$$    ࡱ pYDFXDWLRQGHO
DLUOLYUpGHVpULH GHWUDYDLO
'pIOHFWHXUG
DLUSRXU  ࡱ+7 =RQHHQFDVGHGpERUGHPHQWFDSDFLWp /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
LQVWDOODWLRQ9/jF{WpG
DSSDUHLOV PO QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
GHFXLVVRQJD] &RQWU{OHGHODYHQWLODWLRQEDVpVXUOH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
&RPELQDEOHDYHF WDEOHGHFXLVVRQFRPSDWLEOH  SDUOHGHVVRXV
9,[  /DODUJHXUGHODMRQFWLRQGpSHQGGH
9*[ ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
9*[ SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW GpFRXSHGXSODQGHWUDYDLO
93[[ YLDXQFkEOH/$1 UHFRPPDQGp RX 6LOHFRQGXLWG
XQHKRWWHHQPRGH
95[[ VDQVILOYLD:L)L G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
GHVVHUYLFHV+RPH&RQQHFWGDQVOH ODKRWWHGRLWrWUHSUpYXDYHFXQH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH IRQFWLRQGHVpFXULWpDGDSWpH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV 0HUFLGHFRQVXOWHUOHVGRQQpHV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU G
LQVWDOODWLRQ
ZZZKRPHFRQQHFWFRP 
&RQILJXUDWLRQVUHFRPPDQGpHVSRXU
&RQVRPPDWLRQV O
LQVWDOODWLRQGHVDpUDWHXUVGHSODQGH
/HVYDOHXUVGHFRQVRPPDWLRQ WUDYDLODYHFOHFDLVVRQPRWHXUHWOHV
FRUUHVSRQGHQWjODFRQILJXUDWLRQDYHF DFFHVVRLUHVGHUDFFRUGHPHQWHQ
OHPRWHXU$5 SDJHVj
&ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j' 9DOHXUVGHUDFFRUGHPHQW
&RQVRPPDWLRQpQHUJpWLTXHN:KDQ &RQVRPPDWLRQWRWDOH:
&ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$ &kEOHGHUDFFRUGHPHQWP
&ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH% DYHFSULVH
1LYHDXVRQRUHPLQ'%PD['% 3UpYRLUXQFkEOH/$1
SRVLWLRQQRUPDOH &RQVRPPDWLRQ6WDQGE\'LVSOD\
pWHLQW:
3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
UpIpUHUjODQRWLFHG
XWLOLVDWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

0HVXUHVHQPP

0HVXUHVHQPP ĂĂĂĂĂĂĂĂ

0RQWDJHGXERXWRQGHFRPPDQGHLQVWDOODWLRQFODVVLTXH 0RQWDJHGXERXWRQGHFRPPDQGHLQVWDOODWLRQjIOHXUGHSODQ

0HVXUHVHQPP 0HVXUHVHQPP

$FFHVVRLUHVG
LQVWDOODWLRQ
$'3LqFHGHFRQQH[LRQIOH[LEOHSRXU $'3LqFHGHFRQQH[LRQ9/ 9/SRXUH[WHQVLRQ
9/ 9/‘PPSODW DYHFJDLQHSODWH‘PPSRXUSODQGHWUDYDLOWUqVSURIRQG

0HVXUHVHQPP
+RWWHGHSODQGHWUDYDLO6pULH &RPELQDEOHDYHF ,QVWDOODWLRQDYHFGHVDSSDUHLOV9DULRGH
$/  7RXVOHV9DULRGHFXLVVRQ6pULH FXLVVRQXQLTXHPHQWSRVVLEOHVDQV
7RXWHVOHV7DEOHVGHFXLVVRQ6pULH FRXYHUFOHV
² +RWWHWpOHVFRSLTXHGHSODQGH 7DEOHVGHFXLVVRQ6pULH 3XLVVDQFHPD[LPDOHGHVWDEOHVGH
WUDYDLOTXLjO
DUUrWVHGLVVLPXOH &,[[&([[ FXLVVRQN:
HQWLqUHPHQWGDQVOHSODQGHWUDYDLO /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
² 6HFRPELQHSDUIDLWHPHQWDYHFOHV %RQjVDYRLU SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
9DULRGHOD6pULH /DODUJHXUGHODKRWWHGRLWrWUHDX RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
² (FODLUDJH/('EODQFFKDXGDYHF PRLQVpJDOHjFHOOHGHO
DSSDUHLO OHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
$/    ࡱ YDULDWHXUG
LQWHQVLWpSRXUXQ DSSDUHLOV GHFXLVVRQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
,QR[  ࡱ+7 pFODLUDJHRSWLPDO &RQFHUQDQWOHVDXWUHVPDWpULDX[
/DUJHXUFP GXSODQGHFXLVVRQ &DLVVRQVPRWHXUVFRUUHVSRQGDQWV YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
8QLTXHPHQWHQPRGHUHF\FODJH ² &DGUHHQLQR[PDVVLIG
XQH YRLUSDJHV GHWUDYDLO
6DQVPRWHXU pSDLVVHXUGHPPWUDYDLOOpDYHF /
LQWHUYDOOHGHSODQGHWUDYDLOUHVWDQW
$/    ࡱ XQHJUDQGHSUpFLVLRQ PLQPP HQWUHOHVGpFRXSHVGRLW
,QR[  ࡱ+7 ² 3HXWrWUHLQVWDOOpHVXUOHSODQGH rWUHUHQIRUFp,OHVWFRQVHLOOpG
XWLOLVHU
/DUJHXUFP WUDYDLODYHFFDGUHDSSDUHQWRXj ODWUDYHUVH$$
(YDFXDWLRQHWUHF\FODJH IOHXUGHSODQ 3RVVLELOLWpG
LQVWDOOHUXQIRXU
6DQVPRWHXU ² 6DQVPRWHXUFRPELQDEOHDYHFOHV ‡$5 DXWRYHQWLOpVRXVSODQORUVTXHOD
FDLVVRQVPRWHXU%/'&*DJJHQDX FRQILJXUDWLRQGXPHXEOHOHSHUPHW
$FFHVVRLUHVG
LQVWDOODWLRQREOLJDWRLUHV 3RXUPLQLPLVHUOHVIXPpHVORUVGHV
$'    ࡱ 3HUIRUPDQFHV FXLVVRQVJULOOpHVHWGHVSRrOpHVVH
3LqFHGHFRQQH[LRQ  ࡱ+7 /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW UpIpUHUDX[PDQXHOVG
XWLOLVDWLRQGHV
SRXUWX\DX[$OXIOH[F\OLQGULTXHVGH GXPRWHXUVpSDUpDVVRFLp 9593
‘PP (QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
3RXU$/jO
DYDQWHWjO
DUULqUH &DUDFWpULVWLTXHV PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
$'    ࡱ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ ‡$5 FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
3LqFHGHFRQQH[LRQ  ࡱ+7 LQWHQVLYH RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
SRXUJDLQHVSODWHV‘PPDYHF )RQFWLRQG
DVSLUDWLRQLQWHUPLWWHQWH ODKRWWHGRLWrWUHSUpYXDYHFXQH
ODPHOOHVGHJXLGDJH PLQ IRQFWLRQGHVpFXULWpDGDSWpH
3RXU$/HQGHVVRXV )RQFWLRQWHPSRULVDWLRQPLQ 
$'    ࡱ 7pPRLQGHVDWXUDWLRQGXILOWUHj &RQVHLOVG
LQVWDOODWLRQ
3LqFHGHFRQQH[LRQ  ࡱ+7 JUDLVVH FRPSOpPHQWDLUHVSDJH
SRXUJDLQHVSODWHV‘PP )LOWUHVjJUDLVVHPpWDOOLTXHVODYDEOHV ‡$5
3RXU$/jO
DYDQWHWjO
DUULqUH DXODYHYDLVVHOOH 9DOHXUVGHUDFFRUGHPHQW
(FODLUDJH/('EODQFFKDXG .  3XLVVDQFHWRWDOH:
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX &kEOHGHUDFFRUGHPHQWPDYHF
$$    ࡱ 3XLVVDQFHGHVDPSRXOHV[: SULVH
*ULOOHGHYHQWLODWLRQ  ࡱ+7 ,QWHQVLWpOXPLQHXVHO[ &kEOHUpVHDXP
SRXULQVWDOODWLRQHQUHF\FODJH &DFKHVGHVRUWLHG
DLUpFKDQJHDEOHV ‡$5
,QR[FPLQFOXVOHVpOpPHQWVGH (OpPHQWVGHUDFFRUGHPHQWHQRSWLRQ
IL[DWLRQUpJODEOHHQKDXWHXU
$$    ࡱ &RQVRPPDWLRQV
%DUUHGHUHQIRUWGH  ࡱ+7 /HVYDOHXUVGHFRQVRPPDWLRQ
PHXEOHSRXUKRWWHGHSODQ$/FP FRUUHVSRQGHQWjODFRQILJXUDWLRQ
5HFRPPDQGpHSRXUUHQIRUFHUOHSODQ $/DYHFOHPRWHXU$5
GHWUDYDLOHWHQUHPSODFHPHQWGX &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
FKkVVLV XQHFODVVLILFDWLRQGH$j(
$$    ࡱ &RQVRPPDWLRQpQHUJpWLTXH
%DUUHGHUHQIRUWGH  ࡱ+7 N:KDQ
PHXEOHSRXUKRWWHGHSODQ$/FP &ODVVHG
HIILFDFLWpGXPRWHXU$
5HFRPPDQGpHSRXUUHQIRUFHUOHSODQ &ODVVHG
HIILFDFLWpG
pFODLUDJH(
GHWUDYDLOHWHQUHPSODFHPHQWGX &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH
FKkVVLV &
$'    ࡱ 1LYHDXVRQRUHPLQPD[G%G%
&ROOHFWHXUG
DLU  ࡱ+7 SRVLWLRQQRUPDOH
‘PPF\OLQGULTXH 
[‘PPHQWUpHG
DLUWX\DXURQG &RQVHLOVG
LQVWDOODWLRQ
3RXUUDFFRUGHPHQWGH[$/DX[ 3RXUOHVFDLVVRQVPRWHXUVpSDUpV
PRWHXUV$5$5RX$5 FRUUHVSRQGDQWVHQPRGHpYDFXDWLRQ
$'    ࡱ RXUHF\FODJHVHUpIpUHUjODSDJH
&ROOHFWHXUG
DLU  ࡱ+7 5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
SRXUJDLQHVSODWHV‘PP FkEOHUpVHDX
[‘PPHQWUpHG
DLUJDLQHSODWH )L[HUOHERvWLHUpOHFWURQLTXHGHFRQWU{OH
3RXUUDFFRUGHPHQW$/YHUVOHEDV VXUODSDURLODWpUDOHGXPHXEOHEDVHW
DX[PRWHXUV$5$5 QRQVXUOHSODQFKHUEDVGXPHXEOHRX
$'  ࡱ GLUHFWHPHQWVXUOHVRO
7X\DXIOH[LEOHSRXU  ࡱ+7 /HVQRUPHVpQHUJpWLTXHVUHVWULFWLYHV
JDLQHSODWH39&‘PP HQ(XURSHQHSHUPHWWHQWSDV
3RXUOHUDFFRUGHPHQWSDUOHEDVGHOD O
LQVWDOODWLRQGHOD$/ ODUJHXU
$/DXFROOHFWHXUG
DLU$' FP HQpYDFXDWLRQH[WpULHXUH
1RXVUHFRPPDQGRQVG
LQVWDOOHUOD
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ KRWWHGHSODQGHWUDYDLO$/HQ
$$    ࡱ PRGHUHF\FODJHDYHFPRWHXUV
0RGXOHDGDSWDWHXU  ࡱ+7 $/LQVWDOODWLRQDYHF9DULR
SRXUFRQWDFWHXUGHIHQrWUHFRPELQDEOH 6pULHRX9DULR6pULHRX
DYHFPRWHXU6pULHHWPRWHXU SODQGHFXLVVRQODUJHXUPD[FP
6pULH $/LQVWDOODWLRQDYHF9DULR
GHFXLVVRQ6pULHRX9DULR6pULH
RXSODQGHFXLVVRQODUJHXUPD[
FP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

3RVLWLRQGHVUDFFRUGHPHQWV'1

Découpe et rainure
selon la table de cuisson

&RXSHWUDQVYHUVDOHGXPHXEOHSRXU$/ VDQVSDURLDUULqUH
DYHF$5UDFFRUGHPHQWSDUOHEDV
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQG·DSSDUHLOV9DULR6pULHVDQV9/
LQWpJUDWLRQFODVVLTXH


/HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVPHVXUHVGHGpFRXSHSRXUOHVFRPELQDLVRQVG·DSSDUHLOV9DULR6pULHVDQV9/HQLQWpJUDWLRQFODVVLTXH
/·LQVWDOODWHXUSHXWFDOFXOHUOHVPHVXUHVGHGpFRXSHHQFRQVXOWDQWOHVSDJHVSUpFpGHQWHVDLQVLTXHOHVVFKpPDVFLGHVVRXV

!

/DUJHXUG·DSSDUHLOV
 'LPHQVLRQV%
9DULRGHFXLVVRQ GH9$
PP PP

  

  

  

  

  

  

  
9DULRGHFXLVVRQ 
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQG·DSSDUHLOV9DULR6pULHDYHF9/
LQWpJUDWLRQFODVVLTXH

/HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVPHVXUHVGHGpFRXSHSRXUOHVFRPELQDLVRQVG·DSSDUHLOV9DULR6pULHDYHF9/HQLQWpJUDWLRQFODVVLTXH
/·LQVWDOODWHXUSHXWFDOFXOHUOHVPHVXUHVGHGpFRXSHHQFRQVXOWDQWOHVSDJHVSUpFpGHQWHVDLQVLTXHOHVVFKpPDVFLGHVVRXV

!


/DUJHXUG·DSSDUHLOV 'LPHQVLRQV%
9DULRGHFXLVVRQ GH9$
PP PP

  

  

  

  

  

  

  

  

(PSODFHPHQWUHFRPPDQGpSRXU9DULRJD]
:RNHW9DULR*ULOpOHFWULTXH
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQG·DSSDUHLOV9DULR6pULHVDQV9/
LQWpJUDWLRQjIOHXUGHSODQ

/HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVPHVXUHVGHGpFRXSHSRXUOHVFRPELQDLVRQVG·DSSDUHLOV9DULR6pULHVDQV9/HQLQWpJUDWLRQjIOHXUGHSODQ
/·LQVWDOODWHXUSHXWFDOFXOHUOHVPHVXUHVGHGpFRXSHHQFRQVXOWDQWOHVSDJHVSUpFpGHQWHVDLQVLTXHOHVVFKpPDVFLGHVVRXV

%

!
%




3RXUGLPHQVLRQ$
²HQFRPELQDLVRQDYHF
XQLTXHPHQWGHV9DULRGHFXLVVRQ
DYHFFDGUHLQR[
HQFRPELQDLVRQDYHFDX
PRLQVXQ9DULRGHFXLVVRQLQGXFWLRQ
VDQVFDGUH

/DUJHXUG·DSSDUHLOV
 'LPHQVLRQV% 'LPHQVLRQV% GH 
9DULRGHFXLVVRQ
PP  PP  PP  9$

   

   

   

   

   

   

   


9DULRGHFXLVVRQ 
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQG·DSSDUHLOV9DULR6pULHDYHF9/
LQWpJUDWLRQjIOHXUGHSODQ

/HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVPHVXUHVGHGpFRXSHSRXUOHVFRPELQDLVRQVG·DSSDUHLOV9DULR6pULHDYHF9/HQLQWpJUDWLRQjIOHXUGHSODQ
/·LQVWDOODWHXUSHXWFDOFXOHUOHVPHVXUHVGHGpFRXSHHQFRQVXOWDQWOHVSDJHVSUpFpGHQWHVDLQVLTXHOHVVFKpPDVFLGHVVRXV

%

!
%




3RXUGLPHQVLRQ$
²HQFRPELQDLVRQDYHF
XQLTXHPHQWGHV9DULRGHFXLVVRQ
DYHFFDGUHLQR[
HQFRPELQDLVRQDYHFDX
PRLQVXQ9DULRGHFXLVVRQLQGXFWLRQ
VDQVFDGUH

/DUJHXUG·DSSDUHLOV
 'LPHQVLRQV%
 'LPHQVLRQV%
 GH 
9DULRGHFXLVVRQ
PP  PP  PP  9$

   

   

   

   

   

   

   

   

(PSODFHPHQWUHFRPPDQGpSRXU9DULRJD]:RN
HW9DULR*ULOpOHFWULTXH
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQVG·DSSDUHLOV9DULR6pULH&DOFXODWHXUGHODUJHXUGHGpFRXSH

Calcul de la largeur de la découpe en intégration classique.


Exemple de combinaison avec VI 414, VI 422, VP 414 et 2 VL 414.

Exemple Votre combinaison

Largeur totale de tous les appareils en mm (3x 380) + (2x 155) 1450 ……………………………………………

+ Nombre de barrettes de jonction x 3 mm 4x3 + 12 ……………………………………………

– Débord latéral de l‘appareil (10 mm / côté) 20 – 20 – 20

(A) Largeur totale de la découpe (en mm) 1442 +/– 1 ………………………………… +/– 1

Calcul de la largeur de la découpe en intégration à fleur de plan.


Exemple de combinaison avec VI 414, VI 422, VP 414 et 2 VL 414.

     

Exemple Votre combinaison

Largeur totale de tous les appareils en mm (3x 380) + (2x 155) 1450 ……………………………………………

+ Nombre de barrettes de jonction x 2 mm 4x2 +8 ……………………………………………

– Débord latéral de l‘appareil (7 mm / côté) 14 – 14 – 14

(A) Largeur totale de la découpe (en mm) 1444 +/– 1 ………………………………… +/– 1

+ Débord latéral de l‘appareil (7 mm / côté) 14 + 14 + 14

+ Joint silicone (2 mm sur le pourtour) 2x2 +4 +4

(B) Largeur totale avec la rainure (en mm) 1462 + 1 ………………………………… 0/+ 1
9DULRGHFXLVVRQ 
9DULRGHFXLVVRQ)OH[,QGXFWLRQ 9DULRGHFXLVVRQ)OH[,QGXFWLRQ
6pULH 6pULH
9,  9, 

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV ² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp ² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH HWVpFXULVpH

=RQHVGHFXLVVRQ =RQHVGHFXLVVRQ
=RQHGHGURLWH ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ
]RQHVGHFXLVVRQ)OH[,QGXFWLRQ [FP :DYHF%RRVWHU
9,  ࡱ [FP :DYHF%RRVWHU 9,  ࡱ : FRPELQDEOHVHQ]RQH
%DQGHDXGH  ࡱ+7  : FRPELQDEOHVHQ]RQH %DQGHDXGH  ࡱ+7  [FP :DYHF%RRVWHU
FRPPDQGHQRLU [FP :DYHF%RRVWHU FRPPDQGHQRLU : 
/DUJHXUFP :  /DUJHXUFP 
=RQHGHJDXFKH %DQGHDXGHFRPPDQGH
/HSUL[FRPSUHQG ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ /HSUL[FRPSUHQG %RXWRQVGHFRPPDQGHDYHFDQQHDX
UDFORLUjYHUUH [FP :DYHF%RRVWHU UDFORLUjYHUUH OXPLQHX[
: FRPELQDEOHVHQ]RQH %DQGHDXGHFRPPDQGHLQWpJUp
$FFHVVRLUHVG
LQVWDOODWLRQ [FP :DYHF%RRVWHU $FFHVVRLUHVG
LQVWDOODWLRQ &RQWU{OHpOHFWURQLTXHDYHFSRVLWLRQV
99    ࡱ :  99    ࡱ SRVLWLRQVGHFXLVVRQ
%DUUHWWHGHMRQFWLRQ  ࡱ+7  %DUUHWWHGHMRQFWLRQ  ࡱ+7 
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV %DQGHDXGHFRPPDQGH HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV &DUDFWpULVWLTXHV
9DULRGHFXLVVRQGHOD6pULH %RXWRQVGHFRPPDQGHDYHFDQQHDX 9DULRGHFXLVVRQGHOD6pULH 0DUTXDJHGHV]RQHVGHFXLVVRQ
99    ࡱ OXPLQHX[ 99    ࡱ )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
%DUUHWWHGHMRQFWLRQ  ࡱ+7 %DQGHDXGHFRPPDQGHLQWpJUp %DUUHWWHGHMRQFWLRQ  ࡱ+7 UHFWDQJXODLUHV
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV &RQWU{OHpOHFWURQLTXHDYHFSRVLWLRQV QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV )RQFWLRQ)U\LQJ6HQVRU
9DULRGHFXLVVRQGHOD6pULH SRVLWLRQVGHFXLVVRQ 9DULRGHFXLVVRQGHOD6pULH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
 )RQFWLRQ%RRVWHUSRXUOHVGHX[]RQHV
$FFHVVRLUHVHQRSWLRQ &DUDFWpULVWLTXHV $FFHVVRLUHVHQRSWLRQ GHFXLVVRQ
*3    ࡱ 0DUTXDJHGHV]RQHVGHFXLVVRQ *3    ࡱ 
3RrOH)U\LQJ6HQVRU  ࡱ+7 )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ 3RrOH)U\LQJ6HQVRU  ࡱ+7 6pFXULWp
HQLQR[ UHFWDQJXODLUHV HQLQR[ ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH )RQFWLRQ)U\LQJ6HQVRU 5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
GHFXLVVRQ‘FP 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV GHFXLVVRQ‘FP &RXSXUHGHVpFXULWp
*3    ࡱ )RQFWLRQ%RRVWHUSRXUFKDTXH]RQHGH *3    ࡱ 
3RrOH)U\LQJ6HQVRU  ࡱ+7 FXLVVRQ 3RrOH)U\LQJ6HQVRU  ࡱ+7 &RQVHLOVG
LQVWDOODWLRQ
HQLQR[  HQLQR[ 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 6pFXULWp 5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH FXLVLQHjIRQGPDJQpWLTXH
GHFXLVVRQ‘FP ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH GHFXLVVRQ‘FP /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
*3    ࡱ 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ *3    ࡱ WUDYDLOSDUOHGHVVXV
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RXSXUHGHVpFXULWp 3RrOH)U\LQJ6HQVRU  ࡱ+7 3RLGVGHO
DSSDUHLOHQYLUNJ
HQLQR[  HQLQR[ 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &RQVHLOVG
LQVWDOODWLRQ 5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &RQVHLOVSRXUGpFRXSHVGXSODQ
GHFXLVVRQ‘FP 8QLTXHPHQWDGDSWpDX[XVWHQVLOHV GHFXLVVRQ‘FP GHWUDYDLOHQSDJHVHW
GHFXLVLQHjIRQGPDJQpWLTXH
&RPELQDEOHDYHF /
DSSDUHLOV
LQWqJUHGDQVOHSODQ &RPELQDEOHDYHF &RQVHLOVG
LQVWDOODWLRQ
+RWWHVGHSODIRQG6pULHHW6pULH GHWUDYDLOSDUOHGHVVXV +RWWHVGHSODIRQG6pULHHW6pULH FRPSOpPHQWDLUHVHQSDJH
+RWWHvORWHWKRWWHPXUDOH6pULH 3RLGVGHO
DSSDUHLOHQYLUNJ +RWWHvORWHWKRWWHPXUDOH6pULH 
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH  9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH 9DOHXUVGHUDFFRUGHPHQW
+RWWHWLURLU6pULH &RQVHLOVSRXUGpFRXSHVGXSODQ +RWWHWLURLU6pULH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
*URXSHILOWUDQW6pULH GHWUDYDLOHQSDJHVHW *URXSHILOWUDQW6pULH N:
&kEOHGHUDFFRUGHPHQWP
%RQjVDYRLU &RQVHLOVG
LQVWDOODWLRQ %RQjVDYRLU VDQVSULVH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ FRPSOpPHQWDLUHVHQSDJH /DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH  GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW ODUJHXUTXHOHSODQGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH 0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO
ODWLRQGDQVOHFKDSLWUH$SSDUHLOV N: ODWLRQGDQVOHFKDSLWUH$SSDUHLOV
G
DVSLUDWLRQ &kEOHGHUDFFRUGHPHQWP G
DVSLUDWLRQ
VDQVSULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

9DULRGHFXLVVRQ)OH[,QGXFWLRQ
6pULH
9, 

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH

=RQHVGHFXLVVRQ
]RQHVGHFXLVVRQ)OH[,QGXFWLRQ
೦1RXYHDX [FP :DYHF%RRVWHU
9,೦  ࡱ : FRPELQDEOHVHQ]RQH
%DQGHDXGH  ࡱ+7  [FP :DYHF%RRVWHU
FRPPDQGHQRLU : 
/DUJHXUFP 
%DQGHDXGHFRPPDQGH
/HSUL[FRPSUHQG %RXWRQVGHFRPPDQGHDYHFDQQHDX
UDFORLUjYHUUH OXPLQHX[
%DQGHDXGHFRPPDQGHLQWpJUp
$FFHVVRLUHVG
LQVWDOODWLRQ &RQWU{OHpOHFWURQLTXHDYHFSRVLWLRQV
99    ࡱ SRVLWLRQVGHFXLVVRQ
%DUUHWWHGHMRQFWLRQ  ࡱ+7 
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV &DUDFWpULVWLTXHV
9DULRGHFXLVVRQGHOD6pULH 0DUTXDJHGHV]RQHVGHFXLVVRQ
99    ࡱ )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
%DUUHWWHGHMRQFWLRQ  ࡱ+7 UHFWDQJXODLUHV
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV )RQFWLRQ)U\LQJ6HQVRU
9DULRGHFXLVVRQGHOD6pULH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
)RQFWLRQ%RRVWHUSRXUOHVGHX[]RQHV
$FFHVVRLUHVHQRSWLRQ GHFXLVVRQ
*3    ࡱ 
3RrOH)U\LQJ6HQVRU  ࡱ+7 6pFXULWp
HQLQR[ ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
GHFXLVVRQ‘FP &RXSXUHGHVpFXULWp
*3    ࡱ 
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RQVHLOVG
LQVWDOODWLRQ
HQLQR[ 8QLTXHPHQWDGDSWpDX[XVWHQVLOHV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH GHFXLVLQHjIRQGPDJQpWLTXH
GHFXLVVRQ‘FP /
DSSDUHLOV
LQWqJUHGDQVOHSODQ
*3    ࡱ GHWUDYDLOSDUOHGHVVXV
3RrOH)U\LQJ6HQVRU  ࡱ+7 3RLGVGHO
DSSDUHLOHQYLUNJ
HQLQR[ 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &RQVHLOVSRXUGpFRXSHVGXSODQ
GHFXLVVRQ‘FP GHWUDYDLOHQSDJHVHW
9'  ࡱ
&RXYHUFOHQRLU  ࡱ+7 &RQVHLOVG
LQVWDOODWLRQ
SRXU9DULRGHFXLVVRQ6pULH FRPSOpPHQWDLUHVHQSDJH

&RPELQDEOHDYHF 9DOHXUVGHUDFFRUGHPHQW
+RWWHVGHSODIRQG6pULHHW6pULH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
+RWWHvORWHWKRWWHPXUDOH6pULH N:
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH &kEOHGHUDFFRUGHPHQWP
+RWWHWLURLU6pULH VDQVSULVH
*URXSHILOWUDQW6pULH 

%RQjVDYRLU
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO
ODWLRQGDQVOHFKDSLWUH$SSDUHLOV
G
DVSLUDWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRJD]6pULH
9* 

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH
² 5pJXODWLRQPpFDQLTXHGHOD
SXLVVDQFHDYHFUpJODJHSUpFLV
HWUHSURGXFWLEOHGHODWDLOOHGHOD
IODPPHVXUQLYHDX[GHSXLVVDQFH
² JULOOHVHQIRQWHVXUIDFHSODQH
9*)  ࡱ IDFLOLWHQWOHGpSODFHPHQWGHV
%DQGHDXGH  ࡱ+7  FDVVHUROHVHQWRXWHVpFXULWp
FRPPDQGHQRLU ² N:VXUEU€OHXUV
/DUJHXUFP
*D]EXWDQHSURSDQHPEDU =RQHVGHFXLVVRQ
9*    ࡱ EU€OHXUVSXLVVDQWV :: 
%DQGHDXGH  ࡱ+7  SRXUGHVFDVVHUROHVMXVTX
j‘FP
FRPPDQGHQRLU EU€OHXUV :: SRXUGHV
/DUJHXUFP FDVVHUROHVMXVTX
j‘FP
*D]QDWXUHOPEDU 
%DQGHDXGHFRPPDQGH
$FFHVVRLUHVG
LQVWDOODWLRQ %RXWRQVGHFRPPDQGHDYHFDQQHDX
99    ࡱ OXPLQHX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 %DQGHDXGHFRPPDQGHLQWpJUp
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV $OOXPDJHXQHPDLQ
9DULRGHFXLVVRQGHOD6pULH $OOXPDJHpOHFWURQLTXH
99    ࡱ 
%DUUHWWHGHMRQFWLRQ  ࡱ+7 &DUDFWpULVWLTXHV
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV JULOOHVHQIRQWHVXUIDFHSODQH
9DULRGHFXLVVRQGHOD6pULH KDXWHVWDELOLWp
 &KDSHDX[GHEU€OHXUVpPDLOOpV
&RPELQDEOHDYHF 
+RWWHVGHSODIRQG6pULHHW6pULH 6pFXULWp
+RWWHvORWHWKRWWHPXUDOH6pULH 6pFXULWpWKHUPRFRXSOH
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
+RWWHWLURLU6pULH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
*URXSHILOWUDQW6pULH 
&RQVHLOVG
LQVWDOODWLRQ
%RQjVDYRLU 9*)
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ ,QMHFWHXUVVSpFLDX[SRXUJD]QDWXUHO
GHFXLVVRQRXDXPLQLPXPGHODPrPH PEDUSHXYHQWrWUHFRPPDQGpVDX
ODUJHXUTXHOHSODQGHFXLVVRQ VHUYLFHGHVSLqFHVGpWDFKpHV
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO
ODWLRQGDQVOHFKDSLWUH$SSDUHLOV 9*
G
DVSLUDWLRQ ,QMHFWHXUVVSpFLDX[SRXUJD]EXWDQH
SURSDQHPEDUSHXYHQWrWUH
FRPPDQGpVDXVHUYLFHGHVSLqFHV
GpWDFKpHV

3DVGHSODQFKHULQWHUPpGLDLUHQpFHVVDLUH
/
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
WUDYDLOSDUOHGHVVXV
'LVWDQFHODWpUDOHPLQLPDOHGH
PPDYHFOHVPHXEOHVODWpUDX[
SRXUSURWHFWLRQFRQWUHFKDXIIHRX
SUpYRLUXQHLVRODWLRQVXSSOpPHQWDLUH
/RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
HVWVXSpULHXUHjN:LOIDXW
UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
HQpYDFXDWLRQH[WpULHXUHRXHQ
UHF\FODJH
/DGLVWDQFHPLQLPDOHHQWUHODWDEOH
GHFXLVVRQJD]GHSOXVGHN:HW
ODKRWWHGRLWrWUHGHFP
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVSRXUGpFRXSHVGXSODQ
GHWUDYDLOHQSDJHVHW

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
N:N:
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
WRWDOH::
&kEOHGHUDFFRUGHPHQWPDYHFSULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

9DULRJD]:RN6pULH 9DOHXUVGHUDFFRUGHPHQW
9*  3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
JD]N:
² &RPELQDEOHDYHFOHVDXWUHVWDEOHV 3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
GHFXLVVRQGHOD6pULHHQ WRWDOH::
SDUIDLWHKDUPRQLH &kEOHGHUDFFRUGHPHQWP
² %DQGHDXGHFRPPDQGHLQWpJUp DYHFSULVH
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH
² 5pJXODWLRQPpFDQLTXHGHOD
SXLVVDQFHDYHFUpJODJHSUpFLV
HWUHSURGXFWLEOHGHODWDLOOHGHOD
IODPPHVXUQLYHDX[GHSXLVVDQFH
² %U€OHXUPXOWLFRXURQQHVHQODLWRQ
9*  )  ࡱ UREXVWHHWUpVLVWDQWDX[KDXWHV
%DQGHDXGH  ࡱ+7  WHPSpUDWXUHVFRPPHGDQVOHV
FRPPDQGHQRLU FXLVLQHVSURIHVVLRQQHOOHV
/DUJHXUFP ² 3XLVVDQFHMXVTX
jN:
*D]EXWDQHSURSDQHPEDU
:RNN: =RQHVGHFXLVVRQ
9*    ࡱ 9*)
%DQGHDXGH  ࡱ+7  EU€OHXU:RNPXOWLFRXURQQHV
FRPPDQGHQRLU :: SRXUFDVVHUROHV
/DUJHXUFP MXVTX
jPD[‘FP
*D]QDWXUHOPEDU 
:RNN: 9*
EU€OHXU:RNPXOWLFRXURQQHV
/HSUL[FRPSUHQG :: SRXUFDVVHUROHV
DQQHDXSRXU:2. MXVTX
jPD[‘FP

$FFHVVRLUHVG
LQVWDOODWLRQ %DQGHDXGHFRPPDQGH
99    ࡱ %RXWRQGHFRPPDQGHDYHFDQQHDX
%DUUHWWHGHMRQFWLRQ  ࡱ+7 OXPLQHX[
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV %DQGHDXGHFRPPDQGHLQWpJUp
9DULRGHFXLVVRQGHOD6pULH $OOXPDJHXQHPDLQ
99    ࡱ $OOXPDJHpOHFWURQLTXH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 3RXUIHUPHUOHFRXYHUFOHLOVXIILWGH
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV UHWRXUQHUODJULOOHHQIRQWH
9DULRGHFXLVVRQGHOD6pULH 
&DUDFWpULVWLTXHV
$FFHVVRLUHVHQRSWLRQ *UDQGHJULOOHHQIRQWH
9'  ࡱ %U€OHXUVHQODLWRQ
&RXYHUFOHQRLU  ࡱ+7 
SRXU9DULRGHFXLVVRQ6pULH 6pFXULWp
:3    ࡱ 6pFXULWpWKHUPRFRXSOH
3RrOH:RNHQLQR[  ࡱ+7 ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
PXOWLFRXFKHV 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH 
FPOLWUHVKDXWHXUFP &RQVHLOVG
LQVWDOODWLRQ
9*)
&RPELQDEOHDYHF ,QMHFWHXUVVSpFLDX[SRXUJD]QDWXUHO
+RWWHVGHSODIRQG6pULHHW6pULH PEDUSHXYHQWrWUHFRPPDQGpVDX
+RWWHvORWHWKRWWHPXUDOH6pULH VHUYLFHGHVSLqFHVGpWDFKpHV
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH
+RWWHWLURLU6pULH 9*
*URXSHILOWUDQW6pULH ,QMHFWHXUVVSpFLDX[SRXUJD]EXWDQH
SURSDQHPEDUSHXYHQWrWUH
%RQjVDYRLU FRPPDQGpVDXVHUYLFHGHVSLqFHV
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ GpWDFKpHV
GHFXLVVRQRXDXPLQLPXPGHODPrPH 
ODUJHXUTXHOHSODQGHFXLVVRQ /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO WUDYDLOSDUOHGHVVXV
ODWLRQGDQVOHFKDSLWUH 'LVWDQFHPLQLPDOHGHPPDYHF
$SSDUHLOVG
DVSLUDWLRQ OHPXURXOHVPHXEOHVDGMDFHQWV
RXSUpYRLUXQHLVRODWLRQWKHUPLTXH
VXSSOpPHQWDLUH
/RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
HVWVXSpULHXUHjN:LOIDXW
UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
HQpYDFXDWLRQH[WpULHXUHRXHQ
UHF\FODJH
/DGLVWDQFHPLQLPDOHHQWUHODWDEOH
GHFXLVVRQJD]GHSOXVGHN:
HWODKRWWHGRLWrWUHGHFP
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVSRXUGpFRXSHVGXSODQ
GHWUDYDLOHQSDJHVHW

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRJD]:RN6pULH
9* 

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH
² 5pJXODWLRQPpFDQLTXHGHOD
SXLVVDQFHDYHFUpJODJHSUpFLV
HWUHSURGXFWLEOHGHODWDLOOHGHOD
IODPPHVXUQLYHDX[GHSXLVVDQFH
² JULOOHHQIRQWHVXUIDFHSODQH
9*  )  ࡱ IDFLOLWHOHGpSODFHPHQWGHV
%DQGHDXGH  ࡱ+7  FDVVHUROHVHQWRXWHVpFXULWp
FRPPDQGHQRLU
/DUJHXUFP =RQHVGHFXLVVRQ
*D]EXWDQHSURSDQHPEDU EU€OHXUWUqVSXLVVDQW :
9*    ࡱ : SRXUGHVFDVVHUROHVMXVTX
j
%DQGHDXGH  ࡱ+7  ‘FP
FRPPDQGHQRLU EU€OHXU :: SRXUGHV
/DUJHXUFP FDVVHUROHVMXVTX
j‘FP
*D]QDWXUHOPEDU 
%DQGHDXGHFRPPDQGH
$FFHVVRLUHVG
LQVWDOODWLRQ %RXWRQVGHFRPPDQGHDYHFDQQHDX
99    ࡱ OXPLQHX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 %DQGHDXGHFRPPDQGHLQWpJUp
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV $OOXPDJHXQHPDLQ
9DULRGHFXLVVRQGHOD6pULH $OOXPDJHpOHFWURQLTXH
99    ࡱ 
%DUUHWWHGHMRQFWLRQ  ࡱ+7 &DUDFWpULVWLTXHV
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV *ULOOHHQIRQWHKDXWHVWDELOLWp
9DULRGHFXLVVRQGHOD6pULH &KDSHDX[GHEU€OHXUVpPDLOOpV

$FFHVVRLUHVHQRSWLRQ 6pFXULWp
9'  ࡱ 6pFXULWpWKHUPRFRXSOH
&RXYHUFOHQRLU  ࡱ+7 ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
SRXU9DULRGHFXLVVRQ6pULH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ

&RPELQDEOHDYHF &RQVHLOVG
LQVWDOODWLRQ
+RWWHVGHSODIRQG6pULHHW6pULH 9*)
+RWWHvORWHWKRWWHPXUDOH6pULH ,QMHFWHXUVVSpFLDX[SRXUJD]QDWXUHO
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH PEDUSHXYHQWrWUHFRPPDQGpVDX
+RWWHWLURLU6pULH VHUYLFHGHVSLqFHVGpWDFKpHV
*URXSHILOWUDQW6pULH
9*
%RQjVDYRLU ,QMHFWHXUVVSpFLDX[SRXUJD]EXWDQH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ SURSDQHPEDUSHXYHQWrWUH
GHFXLVVRQRXDXPLQLPXPGHODPrPH FRPPDQGpVDXVHUYLFHGHVSLqFHV
ODUJHXUTXHOHSODQGHFXLVVRQ GpWDFKpHV
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO
ODWLRQGDQVOHFKDSLWUH /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
$SSDUHLOVG
DVSLUDWLRQ WUDYDLOSDUOHGHVVXV
'LVWDQFHPLQLPDOHGHPPDYHF
OHPXURXOHVPHXEOHVDGMDFHQWV
RXSUpYRLUXQHLVRODWLRQWKHUPLTXH
VXSSOpPHQWDLUH
/RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
HVWVXSpULHXUHjN:LOIDXW
UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
HQpYDFXDWLRQH[WpULHXUHRXHQ
UHF\FODJH
/DGLVWDQFHPLQLPDOHHQWUHODWDEOH
GHFXLVVRQJD]GHSOXVGHN:
HWODKRWWHGRLWrWUHGHFP
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVSRXUGpFRXSHVGXSODQ
GHWUDYDLOHQSDJHVHW

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
N:N:
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
WRWDOH::
&kEOHGHUDFFRUGHPHQWP
DYHFSULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

9DULR7HSSDQ<DNL6pULH
93

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH
² &XLVVRQGLUHFWHPHQWVXUODVXUIDFH
HQPpWDOVDQVUpFLSLHQW
² &RQWU{OHH[DFWGHODWHPSpUDWXUH
MXVTX
jƒ&
² 3RVLWLRQPDLQWLHQDXFKDXG
93  ࡱ
%DQGHDXGH  ࡱ+7  =RQHVGHFXLVVRQ
FRPPDQGHQRLU 6XUIDFHXWLOHGHFPò
/DUJHXUFP 
%DQGHDXGHFRPPDQGH
/HSUL[FRPSUHQG %RXWRQGHFRPPDQGHDYHFDQQHDX
VSDWXOH OXPLQHX[
%DQGHDXGHFRPPDQGHLQWpJUp
$FFHVVRLUHVG
LQVWDOODWLRQ &RQWU{OHpOHFWURQLTXHGHOD
99    ࡱ WHPSpUDWXUHGHƒjƒ&
%DUUHWWHGHMRQFWLRQ  ࡱ+7 
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV &DUDFWpULVWLTXHV
9DULRGHFXLVVRQGHOD6pULH 5pVLVWDQFHGH:
99    ࡱ 3RVLWLRQPDLQWLHQDXFKDXG
%DUUHWWHGHMRQFWLRQ  ࡱ+7 3RVLWLRQQHWWR\DJH
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV &DGUHLQR[VRXGpVDQVMRLQWDSSDUHQW
9DULRGHFXLVVRQGHOD6pULH jODVXUIDFHGHFXLVVRQHQLQR[
PXOWLFRXFKHV
$FFHVVRLUHVHQRSWLRQ 
9'  ࡱ 6pFXULWp
&RXYHUFOHQRLU  ࡱ+7 7pPRLQOXPLQHX[GHSUpFKDXIIDJHHW
SRXU9DULRGHFXLVVRQ6pULH GHFKDOHXUUpVLGXHOOH
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
&RPELQDEOHDYHF &RXSXUHGHVpFXULWp
+RWWHVGHSODIRQG6pULHHW6pULH 
+RWWHvORWHWKRWWHPXUDOH6pULH &RQVHLOVG
LQVWDOODWLRQ
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH /DGLVWDQFHHQWUHODVXUIDFHGXSODQGH
+RWWHWLURLU6pULH WUDYDLOHWOHSODQFKHULQWHUPpGLDLUHGRLW
*URXSHILOWUDQW6pULH rWUHG
DXPLQLPXPPP
/
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
%RQjVDYRLU WUDYDLOSDUOHGHVVXV
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 3UpYRLUXQHGLVWDQFHODWpUDOHPLQLPDOH
GHFXLVVRQRXDXPLQLPXPGHODPrPH GHPPHQWUHO
DSSDUHLOHWOHVPHXEOHV
ODUJHXUTXHOHSODQGHFXLVVRQ RXSUpYRLUXQHLVRODWLRQVXSSOpPHQWDLUH
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO 3UpYRLUXQSODQFKHULQWHUPpGLDLUHTXL
ODWLRQGDQVOHFKDSLWUH DSUqVOHPRQWDJHQHSRXUUDrWUHUHWLUp
$SSDUHLOVG
DVSLUDWLRQ TX
DYHFGHVRXWLOVDGDSWpVSRXUJDUDQWLUOD
VpFXULWpHWpYLWHUOHVFRQWDFWVDFFLGHQWHOV
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVSRXUGpFRXSHVGXSODQ
GHWUDYDLOHQSDJHVHW

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
&kEOHGHUDFFRUGHPHQWP
VDQVSULVH


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
*ULOpOHFWULTXH9DULR6pULH
95

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH
² ]RQHVjUpJODJHVpSDUp
² *ULOOHHQIRQWHSLHUUHVGHODYH

%DQGHDXGHFRPPDQGH
%RXWRQVGHFRPPDQGHDYHFDQQHDX
95  ࡱ OXPLQHX[
%DQGHDXGH  ࡱ+7  %DQGHDXGHFRPPDQGHLQWpJUp
FRPPDQGHQRLU SRVLWLRQVGHFXLVVRQ
/DUJHXUFP 
&DUDFWpULVWLTXHV
/HSUL[FRPSUHQG UpVLVWDQFHVUHOHYDEOHVUpJODEOHV
EDFUpFXSpUDWHXUGHJUDLVVH VpSDUpPHQW : 
JULOOHHQIRQWH )RQFWLRQ-RQFWLRQGHVGHX[]RQHV
SLHUUHVGHODYH GHFXLVVRQ
EURVVHGHQHWWR\DJH *ULOOHHQIRQWH
&XYHHQLQR[DYHFSLHUUHVGHODYH
$FFHVVRLUHVG
LQVWDOODWLRQ HWUHFXHLOOHJUDLVVHODYDEOHDX
99    ࡱ ODYHYDLVVHOOH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV 6pFXULWp
9DULRGHFXLVVRQGHOD6pULH 7pPRLQOXPLQHX[GHSUpFKDXIIDJHHW
99    ࡱ GHFKDOHXUUpVLGXHOOH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV &RXSXUHGHVpFXULWp
9DULRGHFXLVVRQGHOD6pULH 
&RQVHLOVG
LQVWDOODWLRQ
$FFHVVRLUHVHQRSWLRQ /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
/9    ࡱ WUDYDLOSDUOHGHVVXV
3LHUUHVGHODYHGH  ࡱ+7 3UpYRLUXQHGLVWDQFHODWpUDOHPLQLPDOH
UHPSODFHPHQW GHPPHQWUHO
DSSDUHLOHWOHV
9'  ࡱ PHXEOHVRXSUpYRLUXQHLVRODWLRQ
&RXYHUFOHQRLU  ࡱ+7 VXSSOpPHQWDLUH
SRXU9DULRGHFXLVVRQ6pULH 3RLGVGHO
DSSDUHLOHQYLUNJ

&RPELQDEOHDYHF &RQVHLOVSRXUGpFRXSHVGXSODQGH
+RWWHGHSODIRQG6pULH WUDYDLOHQSDJHVHW
+RWWHGHSODIRQG$& 
+RWWHvORWHWKRWWHPXUDOH6pULH 9DOHXUVGHUDFFRUGHPHQW
9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
+RWWHWLURLU6pULH N:
*URXSHILOWUDQW6pULH &kEOHGHUDFFRUGHPHQWP
VDQVSULVH
%RQjVDYRLU 
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO
ODWLRQGDQVOHFKDSLWUH$SSDUHLOV
G
DVSLUDWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
9DULRGHFXLVVRQ 

9DULRDpUDWHXUGHSODQGHFXLVVRQ &DLVVRQVPRWHXUVFRUUHVSRQGDQWV /DUJHXUPD[LPDOHGHODWDEOHGH


6pULH YRLUSDJHV FXLVVRQHQWUH9/FP
9/ /RUVGHO
LQVWDOODWLRQjF{WpG
XQ
DSSDUHLOGHFXLVVRQDXJD]LOHVW
² &RPELQDEOHDYHFOHVDXWUHVWDEOHV QpFHVVDLUHGHSUpYRLUOHGpIOHFWHXU
GHFXLVVRQGHOD6pULH /6SRXUDVVXUHUOHPHLOOHXU
HQSDUIDLWHKDUPRQLH ‡$5 UHQGHPHQWGHODWDEOHGHFXLVVRQ
² 6\VWqPHG
DVSLUDWLRQWUqVHIILFDFH (QFDVG
LQVWDOODWLRQGXGpIOHFWHXU
LQWpJUpGDQVOHSODQGHWUDYDLO /6LOHVWLPSRVVLEOHG
XWLOLVHU
GLUHFWHPHQWDXQLYHDXGHODWDEOH ODSRrOH:RN:3
GHFXLVVRQ 6LOHFRQGXLWG
XQHKRWWHHQPRGH
² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
SDU6HQVRUDGDSWHODSXLVVDQFH FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
G
DVSLUDWLRQDXYROXPHGHVYDSHXUV RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
9/  ࡱ GHFXLVVRQ ODKRWWHGRLWrWUHSUpYXDYHFXQH
‡$5
%DQGHDXGH  ࡱ+7  ² 3ODQLILFDWLRQHWLQVWDOODWLRQIDFLOHV IRQFWLRQGHVpFXULWpDGDSWpH
FRPPDQGHQRLU ² $SSDUHLOVLOHQFLHX[VSpFLDOHPHQW 0HUFLGHFRQVXOWHUOHVGRQQpHV
/DUJHXUFP HQFRPELQDLVRQDYHFPRWHXU G
LQVWDOODWLRQ
(YDFXDWLRQH[WpULHXUHRXPRGH $5 
UHF\FODJH ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH &RQVHLOVSRXUGpFRXSHVGXSODQGH
6DQVPRWHXU ‡$5 WUDYDLOHQSDJHVHW
 3HUIRUPDQFHV
$FFHVVRLUHVG
LQVWDOODWLRQ /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW 9DOHXUVGHUDFFRUGHPHQW
$'  ࡱ GXFDLVVRQPRWHXUVpSDUpDVVRFLpYRLU &kEOHGHUDFFRUGHPHQWPHQWUH9/
3LqFHGHFRQQH[LRQ  ࡱ+7 WDEOHDXSDJH HWFDLVVRQPRWHXUVpSDUp
IOH[LEOHSRXU9/‘PPSODW 
$'  ࡱ &DUDFWpULVWLTXHV
3LqFHGHFRQQH[LRQ  ࡱ+7 %RXWRQGHFRPPDQGHDYHFDQQHDX ‡$5
9/SRXUH[WHQVLRQ OXPLQHX[
DYHFJDLQHSODWH‘SRXUSODQ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
GHWUDYDLOWUqVSURIRQG LQWHQVLYH
99    ࡱ )RQFWLRQ$XWRPDWLTXHDYHF
%DUUHWWHGHMRQFWLRQ  ࡱ+7 WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV )LOWUHDQWLJUDLVVHPpWDOOLTXHDYHFXQ
$'3LqFHGHFRQQH[LRQIOH[LEOHSRXU9/‘PPSODW
9DULRGHFXLVVRQGHOD6pULH IRUWWDX[G
DEVRUSWLRQGHVJUDLVVHV
99    ࡱ )LOWUHDQWLJUDLVVHODYDEOHDX ‡$5
%DUUHWWHGHMRQFWLRQ  ࡱ+7 ODYHYDLVVHOOH
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV 7pPRLQGHVDWXUDWLRQGHVILOWUHV
9DULRGHFXLVVRQGHOD6pULH DQWLJUDLVVHHWFKDUERQDFWLI
)OX[G
DLULQWpULHXURSWLPLVpSRXU
$FFHVVRLUHVHQRSWLRQ XQJXLGDJHGHODFLUFXODWLRQGHO
DLU
/6    ࡱ HIILFDFH
'pIOHFWHXUG
DLUSRXU  ࡱ+7 )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWH
LQVWDOODWLRQ9/jF{Wp PLQ
G
DSSDUHLOVJD] *ULOOHGHYHQWLODWLRQpPDLOOpHODYDEOH
,QR[ DXODYHYDLVVHOOH $'3LqFHGHFRQQH[LRQSRXU9/SRXUH[WHQVLRQ
&RXGHGHUDFFRUGHPHQWSRXU DYHFJDLQHSODWH‘PPSRXUSODQGHWUDYDLOWUqVSURIRQG
&RPELQDEOHDYHF pYDFXDWLRQGHO
DLUOLYUpGHVpULH
9DULRGHFXLVVRQ6pULH =RQHHQFDVGHGpERUGHPHQWFDSDFLWp
9, PO
9, 
9, &RQVRPPDWLRQV
9* /HVYDOHXUVGHFRQVRPPDWLRQ
9* FRUUHVSRQGHQWjODFRQILJXUDWLRQ
9* DYHFOHPRWHXU$5
93 &ODVVHG
HIILFDFLWppQHUJpWLTXH$
95 VXUXQHpFKHOOHGH$j'
&RQVRPPDWLRQpQHUJpWLTXHN:KDQ
&ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
&ODVVHG
HIILFDFLWpGXILOWUH
DQWLJUDLVVH%
1LYHDXVRQRUHPLQG%PD[G%
SRVLWLRQQRUPDOH

&RQVHLOVG
LQVWDOODWLRQ
,OHVWUHFRPPDQGpG
LQVWDOOHUXQ
PRWHXUSDU9/
0RGHUHF\FODJHHQFRPELQDLVRQDYHF
FDLVVRQVPRWHXUVVpSDUpV$5
RX$5
/HPRGHUHF\FODJHQ
HVWSDV
UHFRPPDQGpHQFDVG
LQVWDOODWLRQ
jF{WpG
XQ9DULRJULOpOHFWULTXH
0RGHpYDFXDWLRQH[WpULHXUHHQ
FRPELQDLVRQDYHFFDLVVRQPRWHXU
VpSDUpV$5$5RX
$5
&RQILJXUDWLRQVUHFRPPDQGpHVSRXU
O
LQVWDOODWLRQGHVDpUDWHXUVGHSODQGH
WUDYDLODYHFOHFDLVVRQPRWHXUHWOHV
DFFHVVRLUHVGHUDFFRUGHPHQWHQ
SDJHVj

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQG·DSSDUHLOV9DULR6pULHVDQV9/
LQWpJUDWLRQFODVVLTXH

/HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVPHVXUHVGHGpFRXSHSRXUOHVFRPELQDLVRQVG·DSSDUHLOV9DULR6pULHVDQV9/HQLQWpJUDWLRQFODVVLTXH
/·LQVWDOODWHXUSHXWFDOFXOHUOHVPHVXUHVGHGpFRXSHHQFRQVXOWDQWOHVSDJHVSUpFpGHQWHVDLQVLTXHOHVVFKpPDVFLGHVVRXV

!

/DUJHXUG·DSSDUHLOV
 'LPHQVLRQV%
 GH99
9DULRGHFXLVVRQ
PP PP  99

  

  

  

  

  
9DULRGHFXLVVRQ 
6FKpPDVG·HQFDVWUHPHQWSRXUFRPELQDLVRQG·DSSDUHLOV9DULR6pULHDYHF9/
LQWpJUDWLRQFODVVLTXH

/HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVPHVXUHVGHGpFRXSHSRXUOHVFRPELQDLVRQVG·DSSDUHLOV9DULR6pULHDYHF9/HQLQWpJUDWLRQFODVVLTXH
/·LQVWDOODWHXUSHXWFDOFXOHUOHVPHVXUHVGHGpFRXSHHQFRQVXOWDQWOHVSDJHVSUpFpGHQWHVDLQVLTXHOHVVFKpPDVFLGHVVRXV

!

/DUJHXUG·DSSDUHLOV
 'LPHQVLRQV%
 GH99
9DULRGHFXLVVRQ
PP PP  99

  

  

  

  

  

  

  

  

(PSODFHPHQWVUHFRPPDQGpVSRXU9DULR:RNJD]
HW9DULR*ULOpOHFWULTXH
$FFHVVRLUHVSRXUDSSDUHLOV9DULR6pULH

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ࡱ $' ࡱ
'pIOHFWHXU ࡱ+7  3LqFHGHFRQQH[LRQ ࡱ+7 
SRXULQVWDOODWLRQ9/DYHFDSSDUHLO IOH[LEOHSRXU9/HW9/
JD] ‘PPSODW

/9 ࡱ
3LHUUHVGHODYH ࡱ+7 
GHUHPSODFHPHQWSRXU95

9$ࡱ
&RXYHUFOH ࡱ+7 
HQLQR[DYHFEDUUHWWHGHPRQWDJH

:3 ࡱ
3RrOH:RN ࡱ+7
DYHFSRLJQpHHWIRQGDUURQGL¡FP
KFPFRQWHQDQFHO
&RPSDWLEOHDYHFEU€OHXUV:RNJD] $' ࡱ
HW9, 3LqFHGHFRQQH[LRQ ࡱ+7 
SRXU9/HW9/SRXUH[WHQVLRQ
DYHFJDLQHSODWH‘SRXUSODQ
:= ࡱ GHWUDYDLOWUqVSURIRQG
$FFHVVRLUH ࡱ+7
DGDSWDWHXUSRXUSRVHUOH
:3VXUOH9DULR
8QLTXHPHQWSRXU9,

9$ ࡱ
%DUUHWWHGHMRQFWLRQ ࡱ+7
SRXULQVWDOODWLRQjIOHXUGHSODQGH
SOXVLHXUVDSSDUHLOV9DULR6pULH

9$ ࡱ
%DUUHWWHGHMRQFWLRQ ࡱ+7
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR
6pULH

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOV9DULR6pULH 9DULRGHFXLVVRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
/6 ࡱ $' ࡱ
'pIOHFWHXUSRXU9/ ࡱ+7  3LqFHGHFRQQH[LRQ ࡱ+7 
VLLQVWDOODWLRQjF{WpG
XQDSSDUHLOJD] IOH[LEOHSRXU9/HW9/
‘PPSODW

/9 ࡱ
3LHUUHVGHODYH ࡱ+7 
GHUHPSODFHPHQWSRXU95

9' ࡱ
&RXYHUFOHQRLU ࡱ+7 
SRXU9DULR6pULH

99ࡱ $' ࡱ


%DUUHWWHGHMRQFWLRQ ࡱ+7  3LqFHGHFRQQH[LRQ ࡱ+7 
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV SRXU9/HW9/SRXUH[WHQVLRQ
DSSDUHLOV9DULRGHFXLVVRQ6pULH DYHFJDLQHSODWH‘SRXUSODQ
GHWUDYDLOWUqVSURIRQG

99 ࡱ
%DUUHWWHGHMRQFWLRQ ࡱ+7 
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV
DSSDUHLOV9DULRGHFXLVVRQ6pULH

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
9DULRLQGXFWLRQ6pULH

7\SHG
DSSDUHLO 9DULRGHFXLVVRQ 9DULRGHFXLVVRQ
,QGXFWLRQ)XOO=RQH ,QGXFWLRQ)XOO=RQH
6DQVFDGUHSRXULQVWDOODWLRQjYHXUGHSODQ &; &;
&DGUHLQR[pSDLVVHXUPPLQVWDOODWLRQFODVVLTXHRXjYHXUGHSODQ &; &;
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQV
(FUDQVHQVLWLI7)7&RPPDQGH7ZLVW3DG7RXFKHVVHQVLWLYHV ‡²² ‡²²
'LVSOD\ELFRORUH EODQFRUDQJH ² ²
%RXWRQVGHFRPPDQGHHQIDoDGH%DQGHDXGHFRPPDQGHLQWpJUp ²² ²²
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQRXQRPEUHGHFDVVHUROHVPD[  
=RQHLQGXFWLRQ)XOO=RQH ‡ ‡
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
([WHQVLRQDXWRPDWLTXHFPFP :DYHFERRVWHU: ² ²
=RQHLQGXFWLRQ
‘FP :DYHFERRVWHU: 
² ²
‘FP :DYHFERRVWHU: 
‘FP :DYHFERRVWHU: 
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ  
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQUHFWDQJXODLUHV ² ²
)RQFWLRQ6HQVRUGHFXLVVRQ)RQFWLRQ)U\LQJ6HQVRU ‡² ‡²
1RPEUHVGHIRQFWLRQV)U\LQJ6HQVRU ² ²
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH ‡ ‡
)RQFWLRQ%RRVWHUSRXUFDVVHUROHVSRrOHV ‡‡ ‡‡
)RQFWLRQ0DLQWLHQDXFKDXG ‡ ‡
1RPEUHGHPLQXWHULHVFRXSHFLUFXLW  
0LQXWHULHLQGpSHQGDQWH ‡ ‡
&KURQRPqWUH ‡ ‡
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp1HWWR\DJHGHO
pFUDQjWRXWPRPHQW ‡‡‡ ‡‡‡
0HQXG
RSWLRQV ‡ ‡
&RQWU{OHGHODKRWWH ‡ò ‡ò
0RGXOH:L)LLQWpJUp+RPH&RQQHFW ‡ó ‡ó
$FFHVVRLUHV
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO*1
*1ñ *1ñ
SRXUWDEOHLQGXFWLRQ)XOO=RQH
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO*1
*1ñ *1ñ
SRXUWDEOHLQGXFWLRQ)XOO=RQH
3RrOH)U\LQJ6HQVRU‘FP ² ²
3RrOH)U\LQJ6HQVRU‘FP ² ²
3RrOH)U\LQJ6HQVRU‘FP ² ²
3RrOH)U\LQJ6HQVRU‘FP ² ²
6HQVRUGHFXLVVRQ ‡&$ñ ‡&$ñ
$GDSWDWHXUSRXUSRrOHV:RN ² ²
3RrOH:RN ² ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
ò&RPELQDEOHDYHFXQHKRWWHVSpFL=TXH
ó'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
9DULRGHFXLVVRQ 

9DULRGHFXLVVRQ 9DULRGHFXLVVRQ 9DULRGHFXLVVRQ 9DULRGHFXLVVRQ 9DULRGHFXLVVRQ


)OH[,QGXFWLRQ )OH[,QGXFWLRQ )OH[,QGXFWLRQ ,QGXFWLRQ:RN )OH[,QGXFWLRQ
9, 9, 9, 9, 9,
9, 9, 9, 9, 9,

    

²²‡ ²²‡ ²²‡ ²²‡ ²²‡


‡ ‡ ‡ ‡ ‡
‡² ‡² ‡² ‡² ‡²

    
² ² ² ² ²

   ² ²

² ² ² ² 

²   ² ²

 ² ²  ²

    
‡ ‡ ‡ ‡ ‡
²‡ ²‡ ²‡ ²‡ ²‡
    
² ² ² ² ²
‡² ‡² ‡² ‡² ‡²
² ² ² ² ²
² ² ² ² ²
‡ ‡ ‡ ‡ ‡
‡ ‡ ‡ ‡ ‡
‡ ‡ ‡ ‡ ‡
²‡² ²‡² ²‡² ²‡² ²‡²
‡ ‡ ‡ ‡ ‡
‡ò ‡ò ‡ò ‡ò ‡ò
‡ó ‡ó ‡ó ‡ó ‡ó

² ² ² ² ²

² ² ² ² ²
*3ñ *3ñ *3ñ *3ñ *3ñ
*3ñ *3ñ *3ñ *3ñ *3ñ
*3ñ *3ñ *3ñ *3ñ *3ñ
*3ñ *3ñ *3ñ *3ñ ²
² ² ² ² ²
:=ñ ² ² :=ñ ²
:3ñ ² ² :3ñ ²

    


9DULRLQGXFWLRQ6pULH

7\SHG
DSSDUHLO 9DULRGHFXLVVRQ 9DULRGHFXLVVRQ 9DULRGHFXLVVRQ
)OH[,QGXFWLRQ )OH[,QGXFWLRQ )OH[,QGXFWLRQ
9, 9, 9,
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQVRXGp ‡²² ‡²² ‡²²
'LPHQVLRQV
/DUJHXU FP   
8WLOLVDWLRQ
(FUDQVHQVLWLI7)7&RPPDQGH7ZLVW3DG7RXFKHVVHQVLWLYHV ²²² ²²² ²²²
'LVSOD\ELFRORUH EODQFRUDQJH ² ² ²
%RXWRQVGHFRPPDQGHHQIDoDGH%DQGHDXGHFRPPDQGHLQWpJUp ²‡ ²‡ ²‡
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQRXQRPEUHGHFDVVHUROHVPD[   
=RQHLQGXFWLRQ)XOO=RQH ² ² ²
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ² 
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
 ² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
²  ²
H[WHQVLEOH[FP :DYHFERRVWHU:
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ   
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQUHFWDQJXODLUHV ‡ ‡ ‡
)RQFWLRQ6HQVRUGHFXLVVRQIRQFWLRQ)U\LQJ6HQVRU ²‡ ²‡ ²‡
1RPEUHGHSRVLWLRQV)U\LQJ6HQVRU   
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH ² ² ²
)RQFWLRQ%RRVWHUSRXUFDVVHUROHVSRrOHV ‡² ‡² ‡²
)RQFWLRQ0DLQWLHQDXFKDXG ² ² ²
1RPEUHGHPLQXWHULHV ² ² ²
0LQXWHULH&RXSHFLUFXLW ² ² ²
&KURQRPqWUH ² ² ²
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡ ‡
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp1HWWR\DJHGHO
pFUDQjWRXWPRPHQW ²‡² ²‡² ²‡²
0HQXG
RSWLRQV ² ² ²
&RQWU{OHGHODKRWWH ² ² ²
0RGXOH:L)LLQWpJUp+RPH&RQQHFW ² ² ²
$FFHVVRLUHV
3RrOH)U\LQJ6HQVRU¡FP *3ñ *3ñ *3ñ
3RrOH)U\LQJ6HQVRU¡FP *3ñ *3ñ *3ñ
3RrOH)U\LQJ6HQVRU¡FP *3ñ *3ñ *3ñ
3RrOH)U\LQJ6HQVRU¡FP ² ² ²
6HQVRUGHFXLVVRQ ² ² ²
&RXYHUFOHQRLU ² ² 9'ñ
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:   

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
9DULRVSpFLDX[6pULHHW6pULH 9DULRGHFXLVVRQ 

7\SHG
DSSDUHLO 7HSSDQ<DNL *ULOOpOHFWULTXH 7HSSDQ<DNL *ULOOpOHFWULTXH
93 95 93 95
&DGUHHQLQR[PDVVLIPPEURVVpPLFURELOOp ‡²² ‡²² ²²‡ ²²‡
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQVRXGp ‡‡² ‡‡² ‡²² ‡²²
'LPHQVLRQV
/DUJHXU FP    
8WLOLVDWLRQV
%RXWRQVGHFRPPDQGHHQIDoDGH%DQGHDXGHFRPPDQGHLQWpJUp ‡² ‡² ²‡ ²‡
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQ    
3XLVVDQFH N: [ [  [
3ODJHGHWHPSpUDWXUH &ƒ ² ² ² ²
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ    
&RQWU{OHpOHFWURQLTXHGHODWHPSpUDWXUH ‡ ‡ ‡ ²
1HWWR\DJH ‡ ² ² ²
]RQHVGHFXLVVRQSRXYDQWrWUHXWLOLVpHVHQPrPHWHPSVVpSDUpPHQW ‡‡ ‡‡ ²‡ ²‡
*ULOOHHQIRQWH ²  ² 
5pFHSWDFOHHQLQR[DYHFSLHUUHVGHODYH ² ‡ ² ‡
%DFUpFXSpUDWHXUGHJUDLVVH ² ‡ ² ‡
6XUIDFHGHFXLVVRQHQFKURPHGXU ‡ ² ² ²
6XUIDFHGHFXLVVRQHQLQR[PXOWLFRXFKHV ² ² ‡ ²
)RQFWLRQ0DLQWLHQDXFKDXG ‡ ² ‡ ²
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡ ‡ ‡
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp ²‡ ²‡ ²‡ ²‡
$FFHVVRLUHV
3ODTXHHQIRQWHGHPLVXUIDFH ² ‡ ² ²
&RXYHUFOHHQLQR[ 9$ñ 9$ñ ² ²
&RXYHUFOHQRLU ² ² 9'ñ 9'ñ
%URVVHGHQHWWR\DJH ² ‡ ² ‡
6SDWXOH  ²  ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:    

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
9DULRJD]6pULH

7\SHG
DSSDUHLO 9DULRJD] 9DULRJD]
9*) 9*
&DGUHHQLQR[PDVVLIPPEURVVpPLFURELOOp ‡²² ‡²²
,QVWDOODWLRQVXUOHSODQGHWUDYDLOjYHXUGHSODQVRXGp ‡‡² ‡‡²
*D]EXWDQHSURSDQHPEDUJD]QDWXUHOPEDU ‡² ²‡
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQ
%RXWRQVGHFRPPDQGHHQIDoDGHEDQGHDXGHFRPPDQGHLQWpJUp ‡² ‡²
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQ  
%U€OHXUPXOWLFRXURQQHV :  ²
%U€OHXUPXOWLFRXURQQHV : ² 
%U€OHXUWUqVSXLVVDQWGRXEOHFRXURQQHGHYDPPHV :  
%U€OHXUVWDQGDUGGRXEOHFRXURQQHGHYDPPHV :  
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ  
&RQWU{OHpOHFWURQLTXHGHODYDPPH ‡ ‡
$OOXPDJHDXWRPDWLTXHDOOXPDJHpOHFWULTXH ‡² ‡²
5pJODJHpOHFWURQLTXHGHODYDPPHDYHFUpDOOXPDJHDXWRPDWLTXH ‡ ‡
)RQFWLRQ0LMRWDJH ‡ ‡
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
&RXSXUHGHVpFXULWp ‡ ‡
*ULOOHHQIRQWH SDUWLHV SDUWLHV
$FFHVVRLUHV
6XSSRUW:RN ‡ ‡
3RrOH:RN :3ñ :3ñ
&RXYHUFOHLQR[ ² ²
5DFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWJD] N:  
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH :  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
9DULRGHFXLVVRQ 

9DULRJD] 9DULRJD] 9DULRJD] 9DULRJD]


9*) 9* 9*) 9*
‡²² ‡²² ‡²² ‡²²
‡‡² ‡‡² ‡‡² ‡‡²
‡² ²‡ ‡² ²‡

   

‡² ‡² ‡² ‡²

   
 ² ² ²
²  ² ²
² ²  
² ²  

   
‡ ‡ ‡ ‡
‡² ‡² ‡² ‡²
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
SDUWLH SDUWLH SDUWLH SDUWLH

‡ ‡ ² ²
:3ñ :3ñ ² ²
9$ñ 9$ñ 9$ñ 9$ñ

   


   
9DULRJD]6pULH

7\SHG
DSSDUHLO 9DULR*D] 9DULR*D]
9*) 9*
&DGUHHQLQR[PDVVLIPPEURVVpPLFURELOOp ²²‡ ²²‡
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQVRXGp ‡²² ‡²²
*D]EXWDQHSURSDQHPEDUJD]QDWXUHOPEDU ‡ò² ²‡ó
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQ
%RXWRQVGHFRPPDQGHHQIDoDGH%DQGHDXGHFRPPDQGHLQWpJUp ²‡ ²‡
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQ  
%U€OHXU:RNPXOWLFRXURQQHV : ² ²
%U€OHXU:RNPXOWLFRXURQQHV : ² ²
%U€OHXUWUqVSXLVVDQW :  
%U€OHXUVWDQGDUG :  
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ  
&RQWU{OHpOHFWURQLTXHGHODYDPPH ² ²
$OOXPDJHpOHFWURQLTXH$OOXPDJHpOHFWULTXH ²‡ ²‡
5pJODJHpOHFWURQLTXHGHODYDPPHDYHFUpDOOXPDJHDXWRPDWLTXH ² ²
)RQFWLRQPLMRWDJH ² ²
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
&RXSXUHGHVpFXULWp ² ²
*ULOOHHQIRQWH SDUWLHV SDUWLHV
$FFHVVRLUHV
6XSSRUW:RN ² ²
3RrOH:RN ² ²
&RXYHUFOHQRLU ² ²
5DFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWJD]  N:  
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH :  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
ò/HVEXVHVSRXUJD]QDWXUHOPEDUSHXYHQWrWUHFRPPDQGpHVHQSLqFHVGHUHFKDQJH
ó/HVEXVHVSRXUJD]QDWXUHOPEDUSHXYHQWrWUHFRPPDQGpHVHQSLqFHVGHUHFKDQJH
9DULRGHFXLVVRQ 

9DULR*D] 9DULR*D] 9DULR*D] 9DULR*D]


9*) 9* 9*) 9*
²²‡ ²²‡ ²²‡ ²²‡
‡²² ‡²² ‡²² ‡²²
‡ò² ²‡ó ‡ò² ²‡ó

   

²‡ ²‡ ²‡ ²‡

   
 ² ² ²
²  ² ²
² ²  
² ²  

   
² ² ² ²
²‡ ²‡ ²‡ ²‡
² ² ² ²
² ² ² ²
‡ ‡ ‡ ‡
² ² ² ²
SDUWLH SDUWLH SDUWLH SDUWLH

‡ ‡ ² ²
:3ñ :3ñ ² ²
9'ñ 9'ñ 9'ñ 9'ñ

   


   
 

7DEOHVGHFXLVVRQ

9XHG
HQVHPEOHGHVWDEOHVGHFXLVVRQ 
7DEOHDX[GHVFRPELQDLVRQV7DEOHVGHFXLVVRQ+RWWHV 

7DEOHVGHFXLVVRQ
7DEOHVGHFXLVVRQLQGXFWLRQDYHFV\VWqPHGHYHQWLODWLRQLQWpJUpH 
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH6pULH 
7DEOHVGHFXLVVRQLQGXFWLRQ6pULH 
&RQVHLOVG·LQVWDOODWLRQSRXUOHVWDEOHVGHFXLVVRQLQGXFWLRQ 
7DEOHVGHFXLVVRQYLWURFpUDPLTXH 
7DEOHVGHFXLVVRQJD] 
$FFHVVRLUHV 
'RQQpHVWHFKQLTXHV 
9XHG·HQVHPEOHGHVWDEOHVGHFXLVVRQ

‡&9 ‡&9 ‡&9

‡&; ‡&; ‡&; ‡&;

‡&, ‡&,

‡&, ‡&, ‡&, ‡&,

‡&( ‡&( ‡&(

‡&*) ‡9*) ‡&*


‡&* ‡9*
7DEOHVGHFXLVVRQ 

‡&, ‡&, ‡&, ‡&,

‡&,

‡&* ‡9*)
‡9*
&RPELQDLVRQVUHFRPPDQGpHVSRXULQVWDOODWLRQWDEOHVGHFXLVVRQHWKRWWHV

&RPELQDLVRQHVWKpWLTXHHWWHFKQLTXHUHFRPPDQGpH
²QRQUHFRPPDQGpH
&RQWU{OHGHODYHQWLODWLRQDYHFODWDEOHGHFXLVVRQ

$& $&  $& $&  $: $:  $:  $: $: 


ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU
GpSHQGGHOD FP FP FP FP FP FP FP FP
FRQILJXUDWLRQ
3URGXLW 3KRWR 5pIpUHQFH
/DUJHXUPD[LPDOHSRXU FP FP FP FP FP FP FP FP
FRPELQDLVRQV9DULRV
9DULR*ULOpOHFWULTXH 95 FP
6pULH ² ² ² ²
9DULR7HSSDQ<DNL*D]  93 FP
6pULH 9* ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR6pULH ² ² ²
7DEOHGHFXLVVRQ*D]
 9* FP
6pULH9DULR &* ² ² ²
9DULR*ULOpOHFWULTXH 95 FP
6pULH ² ² ² ²
9DULR7HSSDQ<DNL,QGXFWLRQ
 93 FP
*D]6pULH 9,
95
² ²
7DEOHGHFXLVVRQ,QGXFWLRQ 9, FP
9DULR ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ*D]  9, FP
9DULR6pULH 9* ² ²
7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

DYHFFDGUH6pULH

7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

VDQVFDGUH6pULH

7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

DYHFFDGUH6pULH ² ² ²
7DEOHGHFXLVVRQ)XOO=RQH
 &; FP

VDQVFDGUH6pULH ² ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ &, FP
6pULH

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH &,

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH &,

7DEOHGHFXLVVRQ,QGXFWLRQ &, FP


6pULH ² ² ²
7DEOHGHFXLVVRQ,QGXFWLRQ &, FP
6pULH ² ² ²
7DEOHGHFXLVVRQ*D] &* FP
6pULH ² ²
7DEOHGHFXLVVRQ*D] &* FP
6pULH ² ² ²
7DEOHGHFXLVVRQ*D] 9* FP
6pULH ² ² ²
7DEOHGHFXLVVRQ &( FP
YLWURFpUDPLTXH6pULH

7DEOHGHFXLVVRQ &( FP


YLWURFpUDPLTXH6pULH ² ² ²
7DEOHVGHFXLVVRQ 

$, $,  $,  $, $/ $/ $/ $/ 9/ 9/ $) $) $& $& $&
ODUJHXU ODUJHXU  ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU ODUJHXU
FP FP FP FP FP FP FP FP FP FP FP FP FP FP FP

FP FP FP FP FP FP FP FP FP FP FP

² ² ² ²

² ² ² ²

² ² ² ²

² ²

² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ²

² ²

² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ²

² ² ² ² ² ² ²

² ² ² ² ² ² ² ² ² ² ²

² ² ² ² ² ² ² ² ² ² ²

² ²

² ² ² ² ² ² ² ²
7DEOH)OH[,QGXFWLRQDYHFV\VWqPH $FWLYDWLRQDXWRPDWLTXHGXV\VWqPHGH 3RXUXQHSHUIRUPDQFHRSWLPDOHHQ
GHYHQWLODWLRQLQWpJUp6pULH YHQWLODWLRQORUVGHO
XWLOLVDWLRQG
XQH PRGHUHF\FODJHQRXVUHFRPPDQGRQV
&9 ]RQHGHFXLVVRQ XQHVXUIDFHG
DXPRLQVFPòSRXU
)RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ ODFLUFXODWLRQGHO
DLUUHF\FOp
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ )RQFWLRQ7HPSRULVDWLRQFRQWU{OpHSDU 3RXUGHVLQVWDOODWLRQVHQPRGH
GHV]RQHVGHFXLVVRQVUHFWDQJX 6HQVRU UHF\FODJHFRQWUHGHVPXUVH[WpULHXUV
ODLUHV ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj QRQLVROpV 8•:Pòƒ& QRXV
² 3RVLWLRQQHPHQWOLEUHGHV JUDLVVHHWGXILOWUHUHF\FODJH&OHDQ$LU UHFRPPDQGRQVXQHLQVWDOODWLRQDYHF
FDVVHUROHVVXUOHV]RQHVGH %DFUHFHYHXUSRXUILOWUHjJUDLVVH JXLGDJHGHO
DLU
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ DPRYLEOHODYDEOHDXODYHYDLVVHOOH /HYHQWLODWHXUUpVLVWDQWDX[FKXWHVGH
೦1RXYHDX DXWRPDWLTXHMXVTX
jODUJHXUFP &RXYHUFOHGXV\VWqPHGHYHQWLODWLRQ SUHVVVLRQSHUPHWO
LPSODQWDWLRQGH
&9  ೦  ࡱ ² 6\VWqPHGHYHQWLODWLRQKDXWHSHUIRU QRLUKDXWHTXDOLWpHQ]LQFPRXOpVRXV ORQJXHXUVGHJDLQHVMXVTX
jPDYHF
6DQVFDGUH ࡱ+7 PDQFHLQWpJUpGDQVODWDEOHGH SUHVVLRQODYDEOHDXODYHYDLVVHOOH [FRXGHVƒVDQVSHUWHGHSXLVVDQFH
SRXUHQFDVWUHPHQWjIOHXUGHSODQ FXLVVRQ 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
+RPH&RQQHFW ² )RQFWLRQVWRXWDXWRPDWLTXHVGX PRWHXU%/'& 3RLGVGHO
DSSDUHLOHQYLUNJ
/DUJHXUFP V\VWqPHGHYHQWLODWLRQ )OX[G
DLULQWpULHXURSWLPLVpSRXU 6LOHFRQGXLWG
XQHKRWWHHQPRGH
(YDFXDWLRQH[WpULHXUHRXUHF\FODJH ² )LOWUHPpWDOOLTXHDQWLJUDLVVHJUDQGH XQJXLGDJHGHODFLUFXODWLRQGHO
DLU G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
/LYUpHVDQVOHVJDLQHVGHUDFFRUGHPHQW VXUIDFHIDFLOHjUHWLUHUHWODYDEOHDX HIILFDFH FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
ODYHYDLVVHOOH &KURQRPqWUH RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
$FFHVVRLUHVG·LQVWDOODWLRQREOLJDWRLUHV ² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ 0LQXWHULHLQGpSHQGDQWH ODKRWWHGRLWrWUHSUpYXDYHFXQH
&$  ࡱ pQHUJLH )RQFWLRQPpPRLUH IRQFWLRQGHVpFXULWpDGDSWpH
.LWGHUHF\FODJHSRXU  ࡱ+7  ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH 0HQXG
RSWLRQVSHUVRQQDOLVpHV /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
XQV\VWqPHVDQVJDLQHV ² 5HPSODFHPHQWIDFLOHGHVILOWUHV 5pJXODWHXUG
pQHUJLH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
&$  ࡱ FKDUERQDFWLI&OHDQ$LUSDUOH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
.LWGHUHF\FODJHHW  ࡱ+7  GHVVXVGHO·DSSDUHLOHQFDV 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
GLIIXVHXUG·DLUSRXUXQV\VWqPH G·LQVWDOODWLRQHQPRGHUHF\FODJH PRGH'LJLWDO +RPH&RQQHFW  QRWDPPHQWDXQLYHDXGHVGpFRXSHV
DYHFJDLQHV JDLQHVQRQIRXUQLHV  ² %RXWRQVGHFRPPDQGHHQLQR[ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH &RQFHUQDQWOHVDXWUHVPDWpULDX[
&$  ࡱ PDVVLIDYHFXQUHYrWHPHQWQRLU &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
ILOWUHVDFRXVWLTXHV  ࡱ+7  ² 6pOHFWLRQHWUpJODJHIDFLOHVGH GHVVHUYLFHV+RPH&RQQHFWGDQVOH GHWUDYDLO
SRXUPRGHpYDFXDWLRQH[WpULHXUH WRXWHVOHVIRQFWLRQVJUkFHDX SD\VUHVSHFWLI/HVVHUYLFHV+RPH /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
GLVSOD\ELFRORUH &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
$FFHVVRLUHVHQRSWLRQ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
&$    ࡱ =RQHVGHFXLVVRQ ZZZKRPHFRQQHFWFRP GHSODQVGHWUDYDLOPLQFHV
7HSSDQ<DNLHQ  ࡱ+7 =RQHGHGURLWH /HSRLGVGHO
DSSDUHLOHWOHSRLGV
PDWpULDXPXOWLFRXFKHV ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ &RQVRPPDWLRQV VXSSOpPHQWDLUHGHVUpFLSLHQWVVRQWj
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ [FP :DYHF%RRVWHU &ODVVHG
HIILFDFLWppQHUJpWLTXH$ SUHQGUHHQFRQVLGpUDWLRQ
&$    ࡱ : FRPELQDEOHVHQ]RQH[FP VXUXQHpFKHOOHGH$j' /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
3ODTXHjJULOOHUHQ  ࡱ+7 :DYHF%RRVWHU: DYHF &RQVRPPDWLRQpQHUJpWLTXH QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
IRQWHG
DOXPLQLXP H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP N:KDQ LQIRUPHGHO
DSSDUHLOVXUOHMRLQW
5HYrWHPHQWDQWLDGKpUHQW :DYHF%RRVWHU:  &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$ 1HSDVXWLOLVHUGHMRLQWGHUHJDUQLVVDJH
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ =RQHGHJDXFKH &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH% SDUOHGHVVRXV
&$  ࡱ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ 1LYHDXVRQRUHPLQ'%PD['% /
pSDLVVHXUGXMRLQWSHXWYDULHUHQ
ILOWUHVjFKDUERQ  ࡱ+7 [FP :DYHF%RRVWHU SRVLWLRQQRUPDOH IRQFWLRQGHVWROpUDQFHVGHOD
DFWLI&OHDQ$LUGHUHPSODFHPHQW : FRPELQDEOHVHQ]RQH[FP YLWURFpUDPLTXHHWGHODGpFRXSHGX
*3    ࡱ :DYHF%RRVWHU: DYHF 6pFXULWp SODQGHWUDYDLO
3RrOH)U\LQJ6HQVRU  ࡱ+7 H[WHQVLRQDXWRPDWLTXHMXVTX
j[FP 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
HQLQR[ :DYHF%RRVWHU:  'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV 9DOHXUVGHUDFFRUGHPHQW
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
GHFXLVVRQ‘FP 3HUIRUPDQFHVGXV\VWqPHGH 6pFXULWpHQIDQWV N:
*3    ࡱ YHQWLODWLRQ &RXSXUHGHVpFXULWp &RQVRPPDWLRQpQHUJpWLTXHVWDQGE\
3RrOH)U\LQJ6HQVRU  ࡱ+7 3HUIRUPDQFHHWQLYHDXVRQRUH 6\VWqPHGHSURWHFWLRQDQWLGpERUGHPHQW GLVSOD\:
HQLQR[ SXLVVDQFHSRVLWLRQ,QWHQVLYH jGRXEOHQLYHDXDPRYLEOHHWODYDEOHDX &RQVRPPDWLRQpQHUJpWLTXHVWDQGE\
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ ODYHYDLVVHOOH LQWHUQHW:
GHFXLVVRQ‘FP ODQRUPH(1 5pVHUYRLUDQWLGpERUGHPHQWDPRYLEOH 3RXUGpVDFWLYHUOHPRGH:L)LYRLUOH
*3    ࡱ 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ FDSDFLWpOLWUHVODYDEOHDX PDQXHOG
XWLOLVDWLRQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 ODQRUPH(1 ODYHYDLVVHOOH
HQLQR[ (YDFXDWLRQH[WpULHXUH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH PóK &RQVHLOVG
LQVWDOODWLRQ
GHFXLVVRQ‘FP G% $ UHS: /
DSSDUHLOGRLWUHVWHUDFFHVVLEOHSDU
*3    ࡱ 5HF\FODJH HQGHVVRXV
3RrOH)U\LQJ6HQVRU  ࡱ+7 PóK 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
HQLQR[ G% $ UHS: FXLVLQHjIRQGPDJQpWLTXH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH G% $ UH˄3D /DUJHXUGXPHXEOHEDVPLQFP
GHFXLVVRQ‘FP 3URIRQGHXUGXSODQGHWUDYDLOPLQFP
%DQGHDXGHFRPPDQGH VLSDVGHJXLGDJHGHO
DLUHQPRGH
%RXWRQVGHFRPPDQGHDYHFDQQHDX UHF\FODJHPLQFPDYHFJXLGDJHGH
OXPLQHX[LQGLFDWLRQGHV]RQHVGH O
DLUSRXUUHF\FODJHpYDFXDWLRQ
FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV 3URIRQGHXUG
HQFDVWUHPHQWPP
&RQWU{OHpOHFWURQLTXHDYHFSRVLWLRQV 3RXUOHVHWGHUHF\FODJH &$ 
GHFXLVVRQ LOIDXWSUpYRLUXQHRXYHUWXUHYHUWLFDOH
8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV GHPLQPPGHUULqUHODSDURLDUULqUH
JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH  GXPHXEOH3RXUXQHSXLVVDQFH
&RQWU{OHGXV\VWqPHGHYHQWLODWLRQ RSWLPDOHQRXVUHFRPPDQGRQVXQH
JUkFHjYLWHVVHVpOHFWURQLTXHVHW RXYHUWXUHGHPP
SRVLWLRQLQWHQVLYH 8QHJDLQHSODWH ‘PP SHXWrWUH
UDFFRUGpHGLUHFWHPHQWjODVRUWLHG
DLU
&DUDFWpULVWLTXHV VLWXpHjO
DUULqUHGHO
DSSDUHLO
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ (QPRGHpYDFXDWLRQSUpYRLUO
LQVWDOODWLRQ
UHFWDQJXODLUHV G
XQFODSHWDQWLUHWRXUDYHFXQH
)RQFWLRQ)U\LQJ6HQVRU SUHVVLRQG
RXYHUWXUHGHPD[
)RQFWLRQ%RRVWHU 3D
$MXVWHPHQWDXWRPDWLTXHGHOD
SXLVVDQFHG
DVSLUDWLRQFRQWU{OHSDU
VHQVRU /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

9XHGHIDFHGpFRXSHGXPHXEOHSRXUUHF\FODJHVDQVJDLQHVGH&9jIOHXUGHSODQ
DYHF&$

9XHGHIDFHSRXU&9DYHFPRGXOHGHUHF\FODJH &$ SRXUXQV\VWqPHDYHFJDLQHV


HWGLIIXVHXUG
DLU JDLQHVQRQIRXUQLHV

0RQWDJHGHVERXWRQVGHFRPPDQGH
LQVWDOODWLRQjIOHXUGHSODQ

9XHGHF{WpGH&9HQUHF\FODJH DYHF&$  9XHGHF{WpGH&9HQUHF\FODJH DYHF&$ 


HWXQFRXGHJDLQHSODWHVWDQGDUGƒSRXUXQ HWXQFRXGHJDLQHSODWHFRXUWƒ $' SRXU
V\VWqPHDYHFJDLQHVHWGLIIXVHXUG
DLU JDLQHVHW XQV\VWqPHDYHFJDLQHVHWGLIIXVHXUG
DLU JDLQHVHW
0HVXUHVHQPP FRXGHJDLQHSODWHQRQIRXUQLV FRXGHJDLQHSODWHFRXUWQRQIRXUQLV

9XHGHIDFH

9XHGHF{WpGH&9HQUHF\FODJH DYHF&$ HWXQFRXGHJDLQH


SODWHH[WUDFRXUWƒ $' SRXUXQV\VWqPHDYHFJDLQHVHWGLIIXVHXU
G
DLU JDLQHVHWFRXGHJDLQHSODWHH[WUDFRXUWQRQIRXUQLV

$&RQQHFWpGLUHFWHPHQWjO·DUULqUH

0HVXUHVHQPP

9XHGHF{Wp&9HQUHF\FODJHVDQVJDLQHV DYHF&$





1RQUHFRPPDQGpSRXULQVWDOODWLRQHQPRGHUHF\FODJHFRQWUHGHVPXUV
H[WpULHXUVQRQLVROpV 8•:Pòƒ&
0HVXUHVHQPP
7DEOH)OH[,QGXFWLRQDYHFV\VWqPH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH RSWLPDOHQRXVUHFRPPDQGRQVXQH
GHYHQWLODWLRQLQWpJUp6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF RXYHUWXUHGHPP
&9 DFFHVVRLUH&$  3RXUXQHSHUIRUPDQFHRSWLPDOHHQ
)RQFWLRQ)U\LQJ6HQVRU PRGHUHF\FODJHQRXVUHFRPPDQGRQV
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ )RQFWLRQ%RRVWHUSRXUFDVVHUROHV XQHVXUIDFHG
DXPRLQVFPòSRXU
GHV]RQHVGHFXLVVRQV )RQFWLRQ%RRVWHUSRXUSRrOHV ODFLUFXODWLRQGHO
DLUUHF\FOp
UHFWDQJXODLUHV )RQFWLRQ0DLQWLHQDXFKDXG 3RXUGHVLQVWDOODWLRQVHQPRGH
² 3RVLWLRQQHPHQWOLEUHGHV $MXVWHPHQWDXWRPDWLTXHGHOD UHF\FODJHFRQWUHGHVPXUVH[WpULHXUV
FDVVHUROHVVXUOHV]RQHVGH SXLVVDQFHG
DVSLUDWLRQFRQWU{OHSDU QRQLVROpV 8•:Pòƒ& QRXV
FXLVVRQFRPELQpHV VHQVRU UHFRPPDQGRQVXQHLQVWDOODWLRQDYHF
² 6\VWqPHGHYHQWLODWLRQKDXWH $FWLYDWLRQDXWRPDWLTXHGXV\VWqPH JXLGDJHGHO
DLU
&9    ࡱ SHUIRUPDQFHLQWpJUpGDQVODWDEOH GHYHQWLODWLRQORUVGHO
XWLOLVDWLRQG
XQH 8QHJDLQHSODWH ‘PP SHXWrWUH
6DQVFDGUH ࡱ+7 GHFXLVVRQ ]RQHGHFXLVVRQ UDFFRUGpHGLUHFWHPHQWjODVRUWLHG
DLU
SRXUHQFDVWUHPHQWjIOHXUGHSODQ ² )RQFWLRQWRXWDXWRPDWLTXHGX )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ VLWXpHjO
DUULqUHGHO
DSSDUHLO
+RPH&RQQHFW V\VWqPHGHYHQWLODWLRQ )RQFWLRQ7HPSRULVDWLRQFRQWU{OpHSDU (QPRGHpYDFXDWLRQSUpYRLU
/DUJHXUFP ² )LOWUHPpWDOOLTXHDQWLJUDLVVHJUDQGH 6HQVRU O
LQVWDOODWLRQG
XQFODSHWDQWLUHWRXUDYHF
(YDFXDWLRQH[WpULHXUHRXUHF\FODJH VXUIDFHIDFLOHjUHWLUHUHWODYDEOHDX ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj XQHSUHVVLRQG
RXYHUWXUHGHPD[3D
/LYUpHVDQVOHVJDLQHVGHUDFFRUGHPHQW ODYHYDLVVHOOH JUDLVVHHWGXILOWUHUHF\FODJH&OHDQ$LU /HYHQWLODWHXUUpVLVWDQWDX[FKXWHVGH
² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ %DFUHFHYHXUSRXUILOWUHjJUDLVVH SUHVVLRQSHUPHWO
LPSODQWDWLRQGH
$FFHVVRLUHVG·LQVWDOODWLRQREOLJDWRLUHV pQHUJLH DPRYLEOHODYDEOHDXODYHYDLVVHOOH ORQJXHXUVGHJDLQHVMXVTX
jPDYHF
&$  ࡱ ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH &RXYHUFOHGXV\VWqPHGHYHQWLODWLRQ [FRXGHVƒVDQVSHUWHGHSXLVVDQFH
.LWGHUHF\FODJHSRXU  ࡱ+7  ² 5HPSODFHPHQWIDFLOHGHVILOWUHV QRLUKDXWHTXDOLWpHQ]LQFPRXOpVRXV /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
XQV\VWqPHVDQVJDLQHV FKDUERQDFWLI&OHDQ$LUSDUOH SUHVVLRQODYDEOHDXODYHYDLVVHOOH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
&$  ࡱ GHVVXVGHO·DSSDUHLOHQFDV 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH FXLVLQHjIRQGPDJQpWLTXH
.LWGHUHF\FODJHHW  ࡱ+7  G·LQVWDOODWLRQHQPRGHUHF\FODJH PRWHXU%/'& 3RLGVGHO
DSSDUHLOHQYLUNJ
GLIIXVHXUG·DLUSRXUXQV\VWqPH ² &RPPDQGH7ZLVW3DGDYHFERXWRQ )OX[G
DLULQWpULHXURSWLPLVpSRXU 6LOHFRQGXLWG
XQHKRWWHHQPRGH
DYHFJDLQHV JDLQHVQRQIRXUQLHV  PDJQpWLTXHQRLUDPRYLEOH XQJXLGDJHGHODFLUFXODWLRQGHO
DLU G
pYDFXDWLRQH[WpULHXUHHVWUHOLp
&$  ࡱ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH HIILFDFH DXFRQGXLWG
pYDFXDWLRQG
XQH
ILOWUHVDFRXVWLTXHV  ࡱ+7  WRXWHVOHVIRQFWLRQVJUkFHDX &KURQRPqWUH FKHPLQpHRXG
XQSRrOHOHFLUFXLW
SRXUPRGHpYDFXDWLRQH[WpULHXUH GLVSOD\ELFRORUH &XLVVRQVSURJUDPPDEOHVMXVTX
j pOHFWULTXHGHODKRWWHGRLWrWUHSUpYX
PLQXWHV DYHFXQHIRQFWLRQGHVpFXULWpDGDSWpH
$FFHVVRLUHVHQRSWLRQ =RQHVGHFXLVVRQ 0LQXWHULHLQGpSHQGDQWH /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
&$    ࡱ =RQHGHGURLWH )RQFWLRQPpPRLUH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
7HSSDQ<DNLHQ  ࡱ+7 ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ 0HQXG
RSWLRQVSHUVRQQDOLVpHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
PDWpULDXPXOWLFRXFKHV [FP :DYHF%RRVWHU 5pJXODWHXUG
pQHUJLH GHSODQVGHWUDYDLOPLQFHV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ : FRPELQDEOHVHQ]RQH /HSRLGVGHO
DSSDUHLOHWOHSRLGV
&$    ࡱ [FP :DYHF%RRVWHU 0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV VXSSOpPHQWDLUHVGHVUpFLSLHQWVVRQWj
3ODTXHjJULOOHUHQ  ࡱ+7 :  PRGH'LJLWDO +RPH&RQQHFW  SUHQGUHHQFRQVLGpUDWLRQ
IRQWHG
DOXPLQLXP =RQHGHJDXFKH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
5HYrWHPHQWDQWLDGKpUHQW ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ [FP :DYHF%RRVWHU GHVVHUYLFHV+RPH&RQQHFWGDQVOH RXERLVPDVVLI)DLUHDWWHQWLRQjOD
&$  ࡱ : FRPELQDEOHVHQ]RQH SD\VUHVSHFWLI/HVVHUYLFHV+RPH UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
6HQVRUGHFXLVVRQ  ࡱ+7 [FP :DYHF%RRVWHU &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV QRWDPPHQWDXQLYHDXGHGpFRXSHV
SRXUUpJODJHGHODWHPSpUDWXUHGDQV :  WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU &RQFHUQDQWOHVDXWUHVPDWpULDX[
OHVFDVVHUROHV ZZZKRPHFRQQHFWFRP YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
&$  ࡱ 3HUIRUPDQFHVGXV\VWqPHGH GHWUDYDLO
ILOWUHVjFKDUERQ  ࡱ+7 YHQWLODWLRQ &RQVRPPDWLRQV /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
DFWLI&OHDQ$LUGHUHPSODFHPHQW 3XLVVDQFHSRVLWLRQLQWHQVLYH &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
*3    ࡱ 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ XQHpFKHOOHGH$j' XQLIRUPHGHO
DSSDUHLOVXUOHMRLQW
3RrOH)U\LQJ6HQVRU  ࡱ+7 ODQRUPH(1 &RQVRPPDWLRQpQHUJpWLTXHN:DQ 1HSDVXWLOLVHUGHMRLQWGHUHJDUQLVVDJH
HQLQR[ 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$ SDUOHGHVVRXV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH (1 &ODVVHG
HIILFDFLWpG
pFODLUDJH /
pSDLVVHXUGXMRLQWSHXWYDULHUHQ
GHFXLVVRQ‘FP 5pGXFWLRQGHVRGHXUVHQUHF\FODJH &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH% IRQFWLRQGHVWROpUDQFHVGHOD
*3    ࡱ VHORQ(1 1LYHDXVRQRUHPLQG%PD[G% YLWURFpUDPLTXHHWGHODGpFRXSHGX
3RrOH)U\LQJ6HQVRU  ࡱ+7 (YDFXDWLRQH[WpULHXUH SRVLWLRQQRUPDOH SODQGHWUDYDLO
HQLQR[ PóK
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH G% $ UHS: 6pFXULWp 9DOHXUVGHUDFFRUGHPHQW
GHFXLVVRQ‘FP 5HF\FODJH ,QWHUUXSWHXUSULQFLSDO 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
*3    ࡱ PóK 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ N:
3RrOH)U\LQJ6HQVRU  ࡱ+7 G% $ UHS: 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV &kEOHGHUDFFRUGHPHQWPVDQV
HQLQR[ 7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[ SULVH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %DQGHDXGHFRPPDQGH 6pFXULWpHQIDQWV
GHFXLVVRQ‘FP &RPPDQGH7ZLVW3DGDYHFERXWRQ &RXSXUHGHVpFXULWp
PDJQpWLTXHDPRYLEOH 6\VWqPHGHSURWHFWLRQDQWLGpERUGHPHQW
8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV jGRXEOHQLYHDXDPRYLEOHHWODYDEOHDX
JUkFHDXGLVSOD\ELFRORUH EODQF ODYHYDLVVHOOH
RUDQJH  5pVHUYRLUDQWLGpERUGHPHQWDPRYLEOH
0DUTXDJHGHV]RQHVHWVXUIDFHVGH FDSDFLWpOLWUHVODYDEOHDX
FXLVVRQ ODYHYDLVVHOOH
5pJODJHpOHFWURQLTXHHQSRVLWLRQV
GHFXLVVRQ &RQVHLOVG
LQVWDOODWLRQ
&RQWU{OHGXV\VWqPHGHYHQWLODWLRQ /
DSSDUHLOGRLWUHVWHUDFFHVVLEOHSDU
JUkFHjYLWHVVHVpOHFWURQLTXHVHW HQGHVVRXV
SRVLWLRQLQWHQVLYH /DUJHXUGXPHXEOHEDVPLQFP
3URIRQGHXUGXSODQGHWUDYDLOPLQFP
&DUDFWpULVWLTXHV +DXWHXUG
HQFDVWUHPHQWPP
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ 3RXUOHVHWGHUHF\FODJH &$ 
UHFWDQJXODLUHV LOIDXWSUpYRLUXQHRXYHUWXUHYHUWLFDOH
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV GHPLQPPGHUULqUHODSDURLDUULqUH
ORUVGHODPLVHVRXVWHQVLRQGHOD GXPHXEOH3RXUXQHSXLVVDQFH
WDEOH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

0HVXUHVHQPP





0HVXUHVHQPP

9XHGHF{Wp&9HQUHF\FODJH DYHF 9XHGHF{Wp&9HQUHF\FODJH DYHF


&$ HWFRXGHJDLQHSODWHVWDQGDUG &$ HWFRXGHFRXUWJDLQHSODWHƒ
ƒSRXUXQV\VWqPHDYHFJDLQHVHW $' SRXUXQV\VWqPHDYHF
GLIIXVHXUG
DLU FRXGHHWJDLQHQRQIRXUQLV JDLQHVHWGLIIXVHXUG
DLU FRXGHFRXUWHW
JDLQHQRQIRXUQLV

9XHGHIDFH

$&RQQHFWpGLUHFWHPHQWjO·DUULqUH
0HVXUHVHQPP 0HVXUHVHQPP
0HVXUHVHQPP

9XHGHF{Wp&9HQUHF\FODJH DYHF&$ HWFRXGH


H[WUDFRXUWJDLQHSODWHƒ $' SRXUXQV\VWqPHDYHF

JDLQHVHWGLIIXVHXUG
DLU FRXGHH[WUDFRXUWHWJDLQHQRQIRXUQLV




1RQUHFRPPDQGpSRXULQVWDOODWLRQHQPRGHUHF\FODJHFRQWUHGHVPXUVH[WpULHXUVQRQLVROpV 8•:Pòƒ&

0HVXUHVHQPP 0HVXUHVHQPP
7DEOH)OH[,QGXFWLRQDYHFV\VWqPH &DUDFWpULVWLTXHV &RQVHLOVG
LQVWDOODWLRQ
GHYHQWLODWLRQLQWpJUp6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ /
DSSDUHLOGRLWUHVWHUDFFHVVLEOHSDU
&9 UHFWDQJXODLUHV HQGHVVRXV
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV /DUJHXUGXPHXEOHEDVPLQFP
² (QFDGUHPHQWLQR[PDVVLI ORUVGHODPLVHVRXVWHQVLRQGHOD 3URIRQGHXUGXSODQGHWUDYDLO
² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ WDEOH PLQFP
GHV]RQHVGHFXLVVRQV )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH +DXWHXUG
HQFDVWUHPHQWPP
UHFWDQJXODLUHV )RQFWLRQ6HQVRUGHFXLVVRQ DYHF 3RXUOHVHWGHUHF\FODJH &$ 
² 3RVLWLRQQHPHQWOLEUHGHV DFFHVVRLUH&$  LOIDXWSUpYRLUXQHRXYHUWXUHYHUWLFDOH
FDVVHUROHVVXUOHV]RQHVGH )RQFWLRQ)U\LQJ6HQVRU GHPLQPPGHUULqUHODSDURLDUULqUH
FXLVVRQFRPELQpHV )RQFWLRQ%RRVWHUSRXUFDVVHUROHV GXPHXEOH3RXUXQHSXLVVDQFH
&9    ࡱ ² 6\VWqPHGHYHQWLODWLRQKDXWH )RQFWLRQ%RRVWHUSRXUSRrOHV RSWLPDOHQRXVUHFRPPDQGRQVXQH
&DGUHHQLQR[ ࡱ+7 SHUIRUPDQFHLQWpJUpGDQVODWDEOH )RQFWLRQ0DLQWLHQDXFKDXG RXYHUWXUHGHPP
+RPH&RQQHFW GHFXLVVRQ $MXVWHPHQWDXWRPDWLTXHGHOD 3RXUXQHSHUIRUPDQFHRSWLPDOHHQ
/DUJHXUFP ² )RQFWLRQWRXWDXWRPDWLTXHGX SXLVVDQFHG
DVSLUDWLRQFRQWU{OHSDU PRGHUHF\FODJHQRXVUHFRPPDQGRQV
(YDFXDWLRQH[WpULHXUHRXUHF\FODJH V\VWqPHGHYHQWLODWLRQ VHQVRU XQHVXUIDFHG
DXPRLQVFPòSRXU
/LYUpHVDQVOHVJDLQHVGHUDFFRUGHPHQW ² )LOWUHPpWDOOLTXHDQWLJUDLVVHJUDQGH $FWLYDWLRQDXWRPDWLTXHGXV\VWqPHGH ODFLUFXODWLRQGHO
DLUUHF\FOp
VXUIDFHIDFLOHjUHWLUHUHWODYDEOHDX YHQWLODWLRQORUVGHO
XWLOLVDWLRQG
XQH 3RXUGHVLQVWDOODWLRQVHQPRGH
$FFHVVRLUHVG·LQVWDOODWLRQREOLJDWRLUHV ODYHYDLVVHOOH ]RQHGHFXLVVRQ UHF\FODJHFRQWUHGHVPXUVH[WpULHXUV
&$  ࡱ ² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ QRQLVROpV 8•:Pòƒ& 
.LWGHUHF\FODJHSRXU  ࡱ+7  pQHUJLH )RQFWLRQ7HPSRULVDWLRQFRQWU{OpHSDU QRXVUHFRPPDQGRQVXQHLQVWDOODWLRQ
XQV\VWqPHVDQVJDLQHV ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH 6HQVRU DYHFJXLGDJHGHO
DLU
&$  ࡱ ² 5HPSODFHPHQWIDFLOHGHVILOWUHV ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj 8QHJDLQHSODWH ‘PP SHXWrWUH
.LWGHUHF\FODJHHW  ࡱ+7  FKDUERQDFWLI&OHDQ$LUSDUOH JUDLVVHHWGXILOWUHUHF\FODJH&OHDQ$LU UDFFRUGpHGLUHFWHPHQWjODVRUWLHG
DLU
GLIIXVHXUG·DLUSRXUXQV\VWqPH GHVVXVGHO·DSSDUHLOHQFDV %DFUHFHYHXUSRXUILOWUHjJUDLVVH VLWXpHjO
DUULqUHGHO
DSSDUHLO
DYHFJDLQHV JDLQHVQRQIRXUQLHV  G·LQVWDOODWLRQHQPRGHUHF\FODJH DPRYLEOHODYDEOHDXODYHYDLVVHOOH (QPRGHpYDFXDWLRQSUpYRLU
&$  ࡱ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ &RXYHUFOHGXV\VWqPHGHYHQWLODWLRQ O
LQVWDOODWLRQG
XQFODSHWDQWLUHWRXUDYHF
ILOWUHVDFRXVWLTXHV  ࡱ+7  PDJQpWLTXHLQR[DPRYLEOH QRLUKDXWHTXDOLWpHQ]LQFPRXOpVRXV XQHSUHVVLRQG
RXYHUWXUHGHPD[3D
SRXUPRGHpYDFXDWLRQH[WpULHXUH ² 6pOHFWLRQHWUpJODJHIDFLOHVGH SUHVVLRQODYDEOHDXODYHYDLVVHOOH /HYHQWLODWHXUUpVLVWDQWDX[FKXWHVGH
WRXWHVOHVIRQFWLRQVJUkFHDX 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH SUHVVLRQSHUPHWO
LPSODQWDWLRQGH
$FFHVVRLUHVHQRSWLRQ GLVSOD\ELFRORUH PRWHXU%/'& ORQJXHXUVGHJDLQHVMXVTX
jP
&$    ࡱ )OX[G
DLULQWpULHXURSWLPLVpSRXU DYHF[FRXGHVƒVDQVSHUWHGH
7HSSDQ<DNLHQ  ࡱ+7 =RQHVGHFXLVVRQ XQJXLGDJHGHODFLUFXODWLRQGHO
DLU SXLVVDQFH
PDWpULDXPXOWLFRXFKHV =RQHGHGURLWH HIILFDFH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ &KURQRPqWUH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
&$    ࡱ [FP :DYHF%RRVWHU &XLVVRQVSURJUDPPDEOHVMXVTX
j FXLVLQHjIRQGPDJQpWLTXH
3ODTXHjJULOOHUHQ  ࡱ+7 : FRPELQDEOHVHQ]RQH[FP PLQXWHV 3RLGVGHO
DSSDUHLOHQYLUNJ
IRQWHG
DOXPLQLXP :DYHF%RRVWHU:  0LQXWHULHLQGpSHQGDQWH 6LOHFRQGXLWG
XQHKRWWHHQPRGH
5HYrWHPHQWDQWLDGKpUHQW =RQHGHJDXFKH )RQFWLRQPpPRLUH G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ 0HQXG
RSWLRQVSHUVRQQDOLVpHV DXFRQGXLWG
pYDFXDWLRQG
XQH
&$  ࡱ [FP :DYHF%RRVWHU 5pJXODWHXUG
pQHUJLH FKHPLQpHRXG
XQSRrOHOHFLUFXLW
6HQVRUGHFXLVVRQ  ࡱ+7 : FRPELQDEOHVHQ]RQH[FP  pOHFWULTXHGHODKRWWHGRLWrWUHSUpYX
SRXUUpJODJHGHODWHPSpUDWXUHGDQV :DYHF%RRVWHU:  0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHV DYHFXQHIRQFWLRQGHVpFXULWpDGDSWpH
OHVFDVVHUROHV PRGH'LJLWDO +RPH&RQQHFW  /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
&$  ࡱ 3HUIRUPDQFHVGXV\VWqPHGH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
%RXWRQPDJQpWLTXH  ࡱ+7 YHQWLODWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
QRLUSRXUWDEOHVLQGXFWLRQ6pULH 3XLVVDQFHSRVLWLRQLQWHQVLYH GHVVHUYLFHV+RPH&RQQHFWGDQVOH GHSODQVGHWUDYDLOPLQFHV
&$  ࡱ 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ SD\VUHVSHFWLI/HVVHUYLFHV+RPH /HSRLGVGHO
DSSDUHLOHWOHSRLGV
ILOWUHVjFKDUERQ  ࡱ+7 ODQRUPH(1 &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV VXSSOpPHQWDLUHVGHVUpFLSLHQWVVRQWj
DFWLI&OHDQ$LUGHUHPSODFHPHQW 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU SUHQGUHHQFRQVLGpUDWLRQ
*3    ࡱ (1 ZZZKRPHFRQQHFWFRP
3RrOH)U\LQJ6HQVRU  ࡱ+7 5pGXFWLRQGHVRGHXUVHQUHF\FODJH 9DOHXUVGHUDFFRUGHPHQW
HQLQR[ VHORQ(1 &RQVRPPDWLRQV 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH (YDFXDWLRQH[WpULHXUH &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU N:
GHFXLVVRQ‘FP PóK XQHpFKHOOHGH$j' &kEOHGHUDFFRUGHPHQWPVDQV
*3    ࡱ G% $ UHS: &RQVRPPDWLRQpQHUJpWLTXHN:DQ SULVH
3RrOH)U\LQJ6HQVRU  ࡱ+7 5HF\FODJH &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
HQLQR[ PóK &ODVVHG
HIILFDFLWpG
pFODLUDJH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH G% $ UHS: &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
GHFXLVVRQ‘FP 1LYHDXVRQRUHPLQG%PD[G%
*3    ࡱ %DQGHDXGHFRPPDQGH SRVLWLRQQRUPDOH
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RPPDQGH7ZLVW3DGDYHFERXWRQ
HQLQR[ PDJQpWLTXHDPRYLEOH 6pFXULWp
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV ,QWHUUXSWHXUSULQFLSDO
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQF 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
RUDQJH  'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
0DUTXDJHGHV]RQHVHWVXUIDFHVGH 7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[
FXLVVRQ 6pFXULWpHQIDQWV
&RQWU{OHpOHFWURQLTXHDYHF &RXSXUHGHVpFXULWp
SRVLWLRQVGHFXLVVRQ 6\VWqPHGHSURWHFWLRQ
&RQWU{OHGXV\VWqPHGHYHQWLODWLRQ DQWLGpERUGHPHQWjGRXEOHQLYHDX
JUkFHjYLWHVVHVpOHFWURQLTXHVHW DPRYLEOHHWODYDEOHDXODYHYDLVVHOOH
SRVLWLRQLQWHQVLYH 5pVHUYRLUDQWLGpERUGHPHQWDPRYLEOH
FDSDFLWpOLWUHVODYDEOHDX
ODYHYDLVVHOOH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 




0HVXUHVHQPP

9XHGHF{Wp&9HQUHF\FODJH DYHF 9XHGHF{Wp&9HQUHF\FODJH DYHF


&$ HWFRXGHJDLQHSODWHVWDQGDUG &$ HWFRXGHFRXUWJDLQHSODWHƒ
ƒSRXUXQV\VWqPHDYHFJDLQHVHW $' SRXUXQV\VWqPHDYHF
GLIIXVHXUG
DLU FRXGHHWJDLQHQRQIRXUQLV JDLQHVHWGLIIXVHXUG
DLU FRXGHFRXUWHW
9XHGHIDFH JDLQHQRQIRXUQLV

$&RQQHFWpGLUHFWHPHQWjO·DUULqUH

0HVXUHVHQPP

0HVXUHVHQPP 0HVXUHVHQPP

9XHGHF{Wp&9HQUHF\FODJH DYHF&$ HWFRXGH


H[WUDFRXUWJDLQHSODWHƒ $' SRXUXQV\VWqPHDYHF
JDLQHVHWGLIIXVHXUG
DLU FRXGHH[WUDFRXUWHWJDLQHQRQIRXUQLV

1RQUHFRPPDQGpSRXULQVWDOODWLRQHQPRGHUHF\FODJHFRQWUHGHVPXUVH[WpULHXUVQRQLVROpV 8•:Pòƒ&
0HVXUHVHQPP

0HVXUHVHQPP
&RQILJXUDWLRQVG·LQVWDOODWLRQSRXUWDEOH)OH[,QGXFWLRQDYHFV\VWqPHGHYHQWLODWLRQLQWpJUpH6pULH

%RQjVDYRLU²SRXUXQHSODQL!FDWLRQHWXQHLQVWDOODWLRQFRUUHFWH
²3RXUOHVPHVXUHVGHODSURIRQGHXUWHQLUFRPSWHGHODSURIRQGHXUGXPHXEOHHWGXGpERUGGXSODQGHWUDYDLOGHVPHXEOHVGHFXLVLQH
²5DFFRUGHPHQWSRXUO·pYDFXDWLRQH[WpULHXUHjO
DUULqUH/HVSLqFHVGHFRQQH[LRQQpFHVVDLUHVVRQWGLVSRQLEOHVSRXUFHWWHFRQ=JXUDWLRQ
²/·DSSDUHLOGRLWUHVWHUDFFHVVLEOHSDUOHGHVVRXV

5HF\FODJH
²,QVWDOODWLRQDYHFOHVNLWVSRXUPRGHUHF\FODJH &$RX&$
²5HPSODFHPHQWGHVILOWUHVjFKDUERQ&OHDQ$LUSDUOHGHVVXV
²*DUGHUO·DFFHVVLELOLWpjODWDEOHSDUHQGHVVRXV
²3RXUXQHSHUIRUPDQFHRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXIILVDPPHQWG·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp VXUIDFHG·DpUDWLRQGHPLQFPò
²/·XWLOLVDWLRQGXNLWGHUHF\FODJHVDQVJDLQHV&$QpFHVVLWHXQHVSDFHYHUWLFDOSRXUOHUHWRXUGHO·DLUUHF\FOpGHPLQPPGHUULqUHOHSDQQHDXDUULqUHGXPHXEOHEDV
/·HVSDFHUHFRPPDQGpSRXUXQHSHUIRUPDQFHRSWLPDOHHVWGHPP

&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH
&9&9DYHFUHF\FODJHGHO·DLUVDQVJDLQHV &$
,QVWDOODWLRQPXUDOHSURIRQGHXUSODQGHWUDYDLOFP(VSDFHYHUWLFDOGHPLQPPGHUULqUHOHSDQQHDXDUULqUHGXPHXEOHEDV
/·HVSDFHYHUWLFDOUHFRPPDQGpSRXUXQHSHUIRUPDQFHRSWLPDOHHVWGHPP1RQUHFRPPDQGpHQFDVGHPXUH[WpULHXUQRQLVROp 8•:Pòƒ& 

/LVWHGHVDFFHVVRLUHVjFRPPDQGHU
²[&$.LWGHUHF\FODJHSRXUXQ
V\VWqPHVDQVJDLQHV

&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH
&9&9DYHFUHF\FODJHGHO·DLUVDQVJDLQHV &$
,QVWDOODWLRQHQvORWSURIRQGHXUGHO·vORWFP(VSDFHYHUWLFDOGHPLQPPGHUULqUHOHSDQQHDXDUULqUHGXPHXEOHEDV
/·HVSDFHYHUWLFDOUHFRPPDQGpSRXUXQHSHUIRUPDQFHRSWLPDOHHVWGHPP

/LVWHGHVDFFHVVRLUHVjFRPPDQGHU
²[&$.LWGHUHF\FODJHSRXUXQ
V\VWqPHVDQVJDLQHV

&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH
&9&9 UHF\FODJHGHO
DLUSRXUXQV\VWqPHDYHFJDLQHVJDLQHVQRQIRXUQLHV
,QVWDOODWLRQHQvORWSURIRQGHXUGHO·vORWFP


 

/LVWHGHVDFFHVVRLUHVjFRPPDQGHU
²[&$.LWGHUHF\FODJHDYHF
 
GLWXVHXUG
DLU JDLQHVQRQIRXUQLHV
²[$'*DLQHSODWH‘PP
  PqWUH
²[$'&RXGHJDLQHSODWHƒ
YHUWLFDO‘PP
²[$'3LqFHGHFRQQH[LRQJDLQH
SODWH



•

• •
7DEOHVGHFXLVVRQ  

(YDFXDWLRQH[WpULHXUH
²/·DSSDUHLOSHXWrWUHUDFFRUGpGLUHFWHPHQWjXQHJDLQHSODWHPkOH‘PPSODW
²3RXUWRXWHVOHVLQVWDOODWLRQVHQpYDFXDWLRQH[WpULHXUHSUpYRLUOHV=OWUHVDFRXVWLTXHV&$
²/DORQJXHXUPD[LPDOHGHJDLQHG·pYDFXDWLRQUHFRPPDQGpHSRXUDVVXUHUXQHERQQHSHUIRUPDQFHG·DVSLUDWLRQHVWGHP
²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHQRXVUHFRPPDQGRQVO·XWLOLVDWLRQGHJDLQHV‘PP/HVJDLQHVHWSLqFHVGHFRQQH[LRQVRQWjFRPPDQGHUHQWDQWTX·DFFHVVRLUHV
²/HUDFFRUGHPHQWHQWUHJDLQHVSODWHVGRLWVHIDLUHjO·DLGHG·XQHSLqFHGHFRQQH[LRQ

&RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH
&9&9²LQVWDOODWLRQHQpYDFXDWLRQH[WpULHXUH
,QVWDOODWLRQPXUDOHSURIRQGHXUGXSODQGHWUDYDLOPLQLFPFRQQH[LRQGLUHFWHDXFDFKHGHVRUWLHPXUDOHJDLQHSODWH

/LVWHGHVDFFHVVRLUHVjFRPPDQGHU
²[&$.LWGH=OWUHVDFRXVWLTXHV
²[$'*DLQHSODWH‘PP
PqWUH
²[$'&DFKHVRUWLHPXUDOHSODW
‘PP

&RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH
&9&9²LQVWDOODWLRQHQpYDFXDWLRQH[WpULHXUH
,QVWDOODWLRQPXUDOHRXHQvORWSURIRQGHXUGXSODQGHWUDYDLOPLQLFP*DLQHVG·pYDFXDWLRQYHUVO·H[WpULHXUVRXVODGDOOHYLDODFDYH

/LVWHGHVDFFHVVRLUHVjFRPPDQGHU
²[&$.LWGH=OWUHVDFRXVWLTXHV
²[$'*DLQHSODWH‘PP
PqWUH
²[$'&RXGHJDLQHSODWHƒ
YHUWLFDO‘PP
²[$'*DLQHSODWHDGDSWDWHXU
F\OLQGULTXH‘PP
²[$'7X\DXURQG‘PP
²[$'&RXGHƒ‘PP
²[$'3LqFHGHFRQQH[LRQ
‘PP
²[$'&DLVVRQPXUDOVRUWLH
WpOHVFRSLTXH‘PP
²[$'5RXOHDXDGKpVLI
²[$'3LqFHGHFRQQH[LRQJDLQH
SODWH‘PP

&RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH 
&9&9²LQVWDOODWLRQHQpYDFXDWLRQH[WpULHXUH
,QVWDOODWLRQPXUDOHSURIRQGHXUGXSODQGHWUDYDLOPLQLFP*DLQHVG·pYDFXDWLRQGHUULqUHOHPHXEOHHWGDQVODSOLQWKH

/LVWHGHVDFFHVVRLUHVjFRPPDQGHU
²[&$.LWGH=OWUHVDFRXVWLTXHV
²[$'*DLQHSODWH‘PP
PqWUH
²[$'&RXGHJDLQHSODWHƒ
YHUWLFDO‘PP
²[$'&RXGHJDLQHSODWHƒ
KRUL]RQWDO‘PP
²[$'&DFKHVRUWLHPXUDOHJDLQH
SODWH‘PP
²[$'&RXGHFRXUWJDLQHSODWH
ƒYHUWLFDO‘PP
²[$'3LqFHGHFRQQH[LRQJDLQH
SODWH
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH &RQVHLOVG
LQVWDOODWLRQ
6pULH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
&; FXLVLQHjIRQGPDJQpWLTXH
/H:RN:3QHSHXWSDVrWUH
² 8QHVHXOHJUDQGHVXUIDFHGH XWLOLVpDYHFFHWDSSDUHLO
FXLVVRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
² (PSODFHPHQWOLEUHGHVFDVVHUROHV SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
² 7RXWHVOHVWDLOOHVHWIRUPHVGH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
FDVVHUROHVSHXYHQWrWUHXWLOLVpHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² (FUDQ7)7RIIUHXQHJHVWLRQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
&;  ࡱ LQWXLWLYHGHWRXWHVOHVIRQFWLRQV &RQFHUQDQWOHVDXWUHVPDWpULDX[
'HVVXVYHUUH ࡱ+7 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
YLWURFpUDPLTXHQRLU FRQWU{OHGHODWHPSpUDWXUHGDQVOHV GHWUDYDLO
6DQVFDGUH FDVVHUROHV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
/DUJHXUFP ² 3XLVVDQFHPD[UHVWLWXpHSRXUJURV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
UpFLSLHQWVMXVTX
jN: GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
/HSUL[FRPSUHQG ² 6DQVFDGUHSRXUHQFDVWUHPHQWj O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
 VHQVRUGHFXLVVRQ IOHXUGHSODQ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
HQFRQVLGpUDWLRQ
$FFHVVRLUHVHQRSWLRQ =RQHVGHFXLVVRQ /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
&$  ࡱ 8QHVHXOHJUDQGHVXUIDFHGHFXLVVRQ QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
6HQVRUGHFXLVVRQ  ࡱ+7 GHFPò XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
SRXUUpJODJHGHOD -XVTX
jUpFLSLHQWVSHXYHQWrWUH SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
WHPSpUDWXUHGDQVOHVFDVVHUROHV XWLOLVpVVLPXOWDQpPHQWVXUODWDEOHGH SDUOHGHVVRXV
*1    ࡱ FXLVVRQ /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
7HSSDQ<DNLFRPSRVp  ࡱ+7 /
pSDLVVHXUGXMRLQWSHXWYDULHU
GHSOXVLHXUVFRXFKHVGHPpWDO %DQGHDXGHFRPPDQGH HQIRQFWLRQGHVWROpUDQFHVGHOD
*DVWUR1RUP (FUDQ7)7FRXOHXUSRXUXQHJHVWLRQ YLWURFpUDPLTXHHWGHODGpFRXSHGX
3RXUWDEOHLQGXFWLRQ)XOO=RQH LQWXLWLYHGHVIRQFWLRQVDYHFDIILFKDJH SODQGHWUDYDLO
/[+[3[[PP GHVRSpUDWLRQV 3RLGVGHO
DSSDUHLOHQYLUNJ
*1    ࡱ &RQWU{OHpOHFWURQLTXHDYHF
7HSSDQ<DNLFRPSRVp  ࡱ+7 SRVLWLRQVGHFXLVVRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
GHSOXVLHXUVFRXFKHVGHPpWDO HQSDJH
*DVWUR1RUP &DUDFWpULVWLTXHV
3RXUWDEOHLQGXFWLRQ)XOO=RQH )RQFWLRQ6HQVRUGHFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW
/[+[3[[PP )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
)RQFWLRQ&XLVVRQ'\QDPLTXH N:
&RPELQDEOHDYHF )RQFWLRQ7HSSDQ<DNL &kEOHGHUDFFRUGHPHQWPVDQV
+RWWHVGHSODIRQG6pULHHW6pULH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV SULVH
+RWWHGHSODQGHWUDYDLO6pULHHW )RQFWLRQ%RRVWHUSRXUSRrOHV
6pULH )RQFWLRQ0DLQWLHQDXFKDXG
+RWWHvORWHWKRWWHPXUDOH6pULHHW 'pWHFWLRQLQGLYLGXHOOHGHVUpFLSLHQWV
6pULH 0LQXWHULHFRXSHFLUFXLWSRXUFKDTXH
+RWWHWLURLU6pULH UpFLSLHQW
*URXSHILOWUDQW6pULH &KURQRPqWUH
0LQXWHULHLQGpSHQGDQWH
%RQjVDYRLU 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 5pJXODWHXUG
pQHUJLH
GHFXLVVRQRXDXPLQLPXPGHODPrPH &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
ODUJHXUTXHOHSODQGHFXLVVRQ UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
0HUFLGHFRQVXOWHUOHVFRQVHLOV KRWWHFRPSDWLEOH 
G
LQVWDOODWLRQGDQVOHFKDSLWUH
$SSDUHLOVG
DVSLUDWLRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
)RQFWLRQ3DXVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH &RQVHLOVG
LQVWDOODWLRQ
6pULH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
&; GHWUDYDLORXjIOHXUGHSODQ UHVSHFWHU
OHVVSpFLILFLWpVGHVGpFRXSHV
² 8QHVHXOHJUDQGHVXUIDFHGH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
FXLVVRQ 9DULR6pULHXQHEDUUHWWHGH
² (PSODFHPHQWOLEUHGHVFDVVHUROHV MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
² 7RXWHVOHVWDLOOHVHWIRUPHVGH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
FDVVHUROHVSHXYHQWrWUHXWLOLVpHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
² (FUDQ7)7RIIUHXQHJHVWLRQ G
LQVWDOODWLRQ
&;  ࡱ LQWXLWLYHGHWRXWHVOHVIRQFWLRQV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
'HVVXVYHUUH ࡱ+7 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
YLWURFpUDPLTXHQRLU FRQWU{OHGHODWHPSpUDWXUHGDQVOHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
&DGUHLQR[ FDVVHUROHV GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
/DUJHXUFP ² 3XLVVDQFHPD[UHVWLWXpHSRXUJURV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
UpFLSLHQWVMXVTX
jN: HQFRQVLGpUDWLRQ
/HSUL[FRPSUHQG ² &DGUHHQLQR[PDVVLIG
XQH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
 VHQVRUGHFXLVVRQ pSDLVVHXUGHPPWUDYDLOOpDYHF XQHLQVWDOODWLRQjIOHXUGHSODQGH
XQHJUDQGHSUpFLVLRQ WUDYDLO
$FFHVVRLUHVG
LQVWDOODWLRQ ² 3HXWrWUHLQVWDOOpVXUOHSODQGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
9$  ࡱ WUDYDLODYHFFDGUHDSSDUHQWRXj SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 IOHXUGHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
SOXVLHXUVDSSDUHLOV9DULR6pULH 9DULRGHOD6pULH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
9$    ࡱ &RQFHUQDQWOHVDXWUHVPDWpULDX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 =RQHVGHFXLVVRQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 8QHVHXOHJUDQGHVXUIDFHGHFXLVVRQ GHWUDYDLO
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR GHFPò /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
6pULH -XVTX
jUpFLSLHQWVSHXYHQWrWUH QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
XWLOLVpVVLPXOWDQpPHQWVXUODWDEOHGH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
$FFHVVRLUHVHQRSWLRQ FXLVVRQ SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
&$  ࡱ SDUOHGHVVRXV
6HQVRUGHFXLVVRQ  ࡱ+7 %DQGHDXGHFRPPDQGH /DODUJHXUGHODMRQFWLRQGpSHQGGH
SRXUUpJODJHGHOD (FUDQ7)7FRXOHXUSRXUXQHJHVWLRQ ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
WHPSpUDWXUHGDQVOHVFDVVHUROHV LQWXLWLYHGHVIRQFWLRQVDYHFDIILFKDJH GpFRXSHGXSODQGHWUDYDLO
*1    ࡱ GHVRSpUDWLRQV 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
7HSSDQ<DNLFRPSRVp  ࡱ+7 &RQWU{OHpOHFWURQLTXHDYHF 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHSOXVLHXUVFRXFKHVGHPpWDO SRVLWLRQVGHFXLVVRQ ODLVVHUXQHVSDFHPLQLPXPGHPP
*DVWUR1RUP HQWUHOHVGpFRXSHV
3RXUWDEOHLQGXFWLRQ)XOO=RQH &DUDFWpULVWLTXHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
/[+[3[[PP )RQFWLRQ6HQVRUGHFXLVVRQ FXLVLQHjIRQGPDJQpWLTXH
*1    ࡱ )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH /H:RN:3QHSHXWSDVrWUH
7HSSDQ<DNLFRPSRVp  ࡱ+7 )RQFWLRQ&XLVVRQ'\QDPLTXH XWLOLVpDYHFFHWDSSDUHLO
GHSOXVLHXUVFRXFKHVGHPpWDO )RQFWLRQ7HSSDQ<DNL /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
*DVWUR1RUP )RQFWLRQ%RRVWHUSRXUFDVVHUROHV WUDYDLOSDUOHGHVVXV
3RXUWDEOHLQGXFWLRQ)XOO=RQH )RQFWLRQ%RRVWHUSRXUSRrOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
/[+[3[[PP )RQFWLRQ0DLQWLHQDXFKDXG 
'pWHFWLRQLQGLYLGXHOOHGHVUpFLSLHQWV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
&RPELQDEOHDYHF 0LQXWHULHFRXSHFLUFXLWSRXUFKDTXH HQSDJH
+RWWHVGHSODIRQG6pULHHW6pULH UpFLSLHQW
+RWWHGHSODQGHWUDYDLO6pULH &KURQRPqWUH 9DOHXUVGHUDFFRUGHPHQW
+RWWHvORWHWKRWWHPXUDOH6pULH 0LQXWHULHLQGpSHQGDQWH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
HW6pULH 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ N:
+RWWHWLURLU6pULH 5pJXODWHXUG
pQHUJLH &kEOHGHUDFFRUGHPHQWPVDQV
*URXSHILOWUDQW6pULH &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH SULVH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
%RQjVDYRLU KRWWHFRPSDWLEOH 
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
ODUJHXUTXHOHSODQGHFXLVVRQ PRGH'LJLWDO +RPH&RQQHFW 
0HUFLGHFRQVXOWHUOHVFRQVHLOV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
G
LQVWDOODWLRQGDQVOHFKDSLWUH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
$SSDUHLOVG
DVSLUDWLRQ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
)RQFWLRQ3DXVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

&;,QWpJUDWLRQFODVVLTXH &;,QWpJUDWLRQjIOHXUGHSODQ

   

 
 
5Ă
5Ă 
 
ƒ $

ƒ

5Ă
“Ă
“


•Ă
•Ă •Ă
•Ă

“
“


0HVXUHVHQPP 0HVXUHVHQPP

0HVXUHVHQPP
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH &RQVHLOVG
LQVWDOODWLRQ
6pULH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHV
&; GHFXLVLQHjIRQGPDJQpWLTXH
/H:RN:3QHSHXWSDVrWUH
² 8QHVHXOHJUDQGHVXUIDFHGH XWLOLVpDYHFFHWDSSDUHLO
FXLVVRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
² (PSODFHPHQWOLEUHGHVFDVVHUROHV SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
² 7RXWHVOHVWDLOOHVHWIRUPHVGH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
FDVVHUROHVSHXYHQWrWUHXWLOLVpHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
² (FUDQ7)7RIIUHXQHJHVWLRQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
&;  ࡱ LQWXLWLYHGHWRXWHVOHVIRQFWLRQV &RQFHUQDQWOHVDXWUHVPDWpULDX[
'HVVXVYHUUH ࡱ+7 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
YLWURFpUDPLTXHQRLU FRQWU{OHGHODWHPSpUDWXUHGDQVOHV GHWUDYDLO
6DQVFDGUH FDVVHUROHV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
/DUJHXUFP ² 3XLVVDQFHPD[UHVWLWXpHSRXUJURV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
UpFLSLHQWVMXVTX
jN: GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
/HSUL[FRPSUHQG ² 6DQVFDGUHSRXUHQFDVWUHPHQW O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
 VHQVRUGHFXLVVRQ jIOHXUGHSODQ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
HQFRQVLGpUDWLRQ
$FFHVVRLUHVHQRSWLRQ =RQHVGHFXLVVRQ /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
&$  ࡱ 8QHVHXOHJUDQGHVXUIDFHGHFXLVVRQ QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
6HQVRUGHFXLVVRQ  ࡱ+7 GHFPò XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW
SRXUUpJODJHGHOD -XVTX
jUpFLSLHQWVSHXYHQWrWUH 1HSDVXWLOLVHUGHMRLQWVGH
WHPSpUDWXUHGDQVOHVFDVVHUROHV XWLOLVpVVLPXOWDQpPHQWVXUODWDEOHGH UHJDUQLVVDJHSDUOHGHVVRXV
*1    ࡱ FXLVVRQ /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
7HSSDQ<DNLFRPSRVp  ࡱ+7 /
pSDLVVHXUGXMRLQWSHXWYDULHU
GHSOXVLHXUVFRXFKHVGHPpWDO %DQGHDXGHFRPPDQGH HQIRQFWLRQGHVWROpUDQFHVGHOD
*DVWUR1RUP (FUDQ7)7FRXOHXUSRXUXQHJHVWLRQ YLWURFpUDPLTXHHWGHODGpFRXSHGX
3RXUWDEOHLQGXFWLRQ)XOO=RQH LQWXLWLYHGHVIRQFWLRQVDYHFDIILFKDJH SODQGHWUDYDLO
/[+[3[[PP GHVRSpUDWLRQV 3RLGVGHO
DSSDUHLOHQYLUNJ
*1    ࡱ &RQWU{OHpOHFWURQLTXHDYHF 
7HSSDQ<DNLFRPSRVp  ࡱ+7 SRVLWLRQVGHFXLVVRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
GHSOXVLHXUVFRXFKHVGHPpWDO HQSDJH
*DVWUR1RUP &DUDFWpULVWLTXHV
3RXUWDEOHLQGXFWLRQ)XOO=RQH )RQFWLRQ6HQVRUGHFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW
/[+[3[[PP )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
)RQFWLRQ&XLVVRQ'\QDPLTXH N:
&RPELQDEOHDYHF )RQFWLRQ7HSSDQ<DNL &kEOHGHUDFFRUGHPHQWPVDQV
+RWWHVGHSODIRQG6pULHHW6pULH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV SULVH
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQ%RRVWHUSRXUSRrOHV
HW6pULH )RQFWLRQ0DLQWLHQDXFKDXG
+RWWHvORWHWKRWWHPXUDOH6pULH 'pWHFWLRQLQGLYLGXHOOHGHVUpFLSLHQWV
HW6pULH 0LQXWHULHFRXSHFLUFXLWSRXUFKDTXH
+RWWHWLURLU6pULH UpFLSLHQW
*URXSHILOWUDQW6pULH &KURQRPqWUH
0LQXWHULHLQGpSHQGDQWH
%RQjVDYRLU 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 5pJXODWHXUG
pQHUJLH
GHFXLVVRQRXDXPLQLPXPGHODPrPH &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
ODUJHXUTXHOHSODQGHFXLVVRQ UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
0HUFLGHFRQVXOWHUOHVFRQVHLOVG
LQVWDO KRWWHFRPSDWLEOH 
ODWLRQGDQVOHFKDSLWUH$SSDUHLOV
G
DVSLUDWLRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
)RQFWLRQ3DXVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 
7DEOHGHFXLVVRQLQGXFWLRQ)XOO=RQH &RQVHLOVG
LQVWDOODWLRQ
6pULH 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
&; GHWUDYDLORXjIOHXUGHSODQ UHVSHFWHU
OHVVSpFLILFLWpVGHVGpFRXSHV
² 8QHVHXOHJUDQGHVXUIDFHGH /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
FXLVVRQ 9DULR6pULHXQHEDUUHWWHGH
² (PSODFHPHQWOLEUHGHVFDVVHUROHV MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
² 7RXWHVOHVWDLOOHVHWIRUPHVGH FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
FDVVHUROHVSHXYHQWrWUHXWLOLVpHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
² (FUDQ7)7RIIUHXQHJHVWLRQ G
LQVWDOODWLRQ
&;  ࡱ LQWXLWLYHGHWRXWHVOHVIRQFWLRQV /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
'HVVXVYHUUH ࡱ+7 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
YLWURFpUDPLTXHQRLU FRQWU{OHGHODWHPSpUDWXUHGDQVOHV DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
&DGUHLQR[ FDVVHUROHV GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
/DUJHXUFP ² 3XLVVDQFHPD[UHVWLWXpHSRXUJURV GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
UpFLSLHQWVMXVTX
jN: HQFRQVLGpUDWLRQ
/HSUL[FRPSUHQG ² &DGUHHQLQR[PDVVLIG
XQH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
 VHQVRUGHFXLVVRQ pSDLVVHXUGHPPWUDYDLOOpDYHF XQHLQVWDOODWLRQjIOHXUGHSODQGH
XQHJUDQGHSUpFLVLRQ WUDYDLO
$FFHVVRLUHVG
LQVWDOODWLRQ ² 3HXWrWUHLQVWDOOpVXUOHSODQGH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
9$  ࡱ WUDYDLODYHFFDGUHDSSDUHQWRXj SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
%DUUHWWHGHMRQFWLRQ  ࡱ+7 IOHXUGHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
SRXULQVWDOODWLRQjIOHXUGHSODQGH ² 6HFRPELQHSDUIDLWHPHQWDYHFOHV UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
SOXVLHXUVDSSDUHLOV9DULR6pULH 9DULRGHOD6pULH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
9$    ࡱ &RQFHUQDQWOHVDXWUHVPDWpULDX[
%DUUHWWHGHMRQFWLRQ  ࡱ+7 =RQHVGHFXLVVRQ YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ 8QHVHXOHJUDQGHVXUIDFHGHFXLVVRQ GHWUDYDLO
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR GHFPò /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
6pULH -XVTX
jUpFLSLHQWVSHXYHQWrWUH QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
XWLOLVpVVLPXOWDQpPHQWVXUODWDEOHGH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
$FFHVVRLUHVHQRSWLRQ FXLVVRQ SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
&$  ࡱ SDUOHGHVVRXV
6HQVRUGHFXLVVRQ  ࡱ+7 %DQGHDXGHFRPPDQGH /DODUJHXUGHODMRQFWLRQGpSHQGGH
SRXUUpJODJHGHOD (FUDQ7)7FRXOHXUSRXUXQHJHVWLRQ ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
WHPSpUDWXUHGDQVOHVFDVVHUROHV LQWXLWLYHGHVIRQFWLRQVDYHFDIILFKDJH GpFRXSHGXSODQGHWUDYDLO
*1    ࡱ GHVRSpUDWLRQV 'DQVOHFDVG
LQVWDOODWLRQGHSOXVLHXUV
7HSSDQ<DNLFRPSRVp  ࡱ+7 &RQWU{OHpOHFWURQLTXHDYHF 9DULRGDQVGHVGpFRXSHVLQGLYLGXHOOHV
GHSOXVLHXUVFRXFKHVGHPpWDO SRVLWLRQVGHFXLVVRQ ODLVVHUXQHVSDFHPLQLPXPGHPP
*DVWUR1RUP HQWUHOHVGpFRXSHV
3RXUWDEOHLQGXFWLRQ)XOO=RQH &DUDFWpULVWLTXHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
/[+[3[[PP )RQFWLRQ6HQVRUGHFXLVVRQ FXLVLQHjIRQGPDJQpWLTXH
*1    ࡱ )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH /H:RN:3QHSHXWSDVrWUH
7HSSDQ<DNLFRPSRVp  ࡱ+7 )RQFWLRQ&XLVVRQ'\QDPLTXH XWLOLVpDYHFFHWDSSDUHLO
GHSOXVLHXUVFRXFKHVGHPpWDO )RQFWLRQ7HSSDQ<DNL /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
*DVWUR1RUP )RQFWLRQ%RRVWHUSRXUFDVVHUROHV WUDYDLOSDUOHGHVVXV
3RXUWDEOHLQGXFWLRQ)XOO=RQH )RQFWLRQ%RRVWHUSRXUSRrOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
/[+[3[[PP )RQFWLRQ0DLQWLHQDXFKDXG 
 'pWHFWLRQLQGLYLGXHOOHGHVUpFLSLHQWV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
&RPELQDEOHDYHF 0LQXWHULHFRXSHFLUFXLWSRXUFKDTXH HQSDJH
+RWWHVGHSODIRQG6pULHHW6pULH UpFLSLHQW
+RWWHGHSODQGHWUDYDLO6pULH &KURQRPqWUH 9DOHXUVGHUDFFRUGHPHQW
+RWWHvORWHWKRWWHPXUDOH6pULH 0LQXWHULHLQGpSHQGDQWH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
+RWWHWLURLU6pULH 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ N:
*URXSHILOWUDQW6pULH 5pJXODWHXUG
pQHUJLH &kEOHGHUDFFRUGHPHQWPVDQV
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH SULVH
%RQjVDYRLU UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ KRWWHFRPSDWLEOH 
GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV PRGH'LJLWDO +RPH&RQQHFW 
G
LQVWDOODWLRQGDQVOHFKDSLWUH /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
$SSDUHLOVG
DVSLUDWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp
)RQFWLRQ3DXVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

&;,QWpJUDWLRQFODVVLTXH &;,QWpJUDWLRQjIOHXUGHSODQ

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP
 7DEOHGHFXLVVRQLQGXFWLRQ6pULH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
 &,  PRGH'LJLWDO +RPH&RQQHFW 
 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
 ² 6DQVFDGUHSRXUHQFDVWUHPHQW &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
 jIOHXUGHSODQ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ SD\VUHVSHFWLI
 GHV]RQHVGHFXLVVRQV /HVVHUYLFHV+RPH&RQQHFWQHVRQW
 UHFWDQJXODLUHV SDVGLVSRQLEOHVGDQVWRXVOHVSD\V
² 3RVLWLRQQHPHQWOLEUHGHV 3OXVG
LQIRUPDWLRQVVXU
FDVVHUROHVVXUOHV]RQHVGH ZZZKRPHFRQQHFWFRP
&,  ࡱ FXLVVRQFRPELQpHV
6DQVFDGUH  ࡱ+7 ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH 6pFXULWp
+RPH&RQQHFW SRXUXQHUpSDUWLWLRQGHODWDEOHHQ ,QWHUUXSWHXUSULQFLSDO
/DUJHXUFP ]RQHVGHFXLVVRQDYHF 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
SXLVVDQFHVGpILQLHV 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
$FFHVVRLUHVHQRSWLRQ ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH 7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[
&$    ࡱ FRQWU{OHGHODWHPSpUDWXUHGDQVOHV 6pFXULWpHQIDQWV
7HSSDQ<DNLHQ  ࡱ+7 FDVVHUROHV &RXSXUHGHVpFXULWp
PDWpULDXPXOWLFRXFKHV ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ FRQWU{OHGHODWHPSpUDWXUHGDQV &RQVHLOVG
LQVWDOODWLRQ
&$    ࡱ OHVSRrOHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHV
3ODTXHjJULOOHUHQ  ࡱ+7 ² *UDQGH]RQHGHFXLVVRQSRXU GHFXLVLQHjIRQGPDJQpWLTXH
IRQWHG
DOXPLQLXP FDVVHUROHVMXVTX
j¡FP /H:RN:3QHSHXWSDVrWUH
5HYrWHPHQWDQWLDGKpUHQW ² &RPPDQGH7ZLVW3DGDYHFERXWRQ XWLOLVpDYHFFHWDSSDUHLO
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ PDJQpWLTXHDPRYLEOH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
&$  ࡱ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH 3RLGVGHO
DSSDUHLOHQYLUNJ
6HQVRUGHFXLVVRQ  ࡱ+7 WRXWHVOHVIRQFWLRQVJUkFHDX 
SRXUUpJODJHGHODWHPSpUDWXUHGDQV GLVSOD\ELFRORUH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
OHVFDVVHUROHV HQSDJH
&$  ࡱ =RQHVGHFXLVVRQ
%RXWRQPDJQpWLTXH  ࡱ+7 =RQHGHGURLWH]RQHVGHFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW
7ZLVW3DGQRLU )OH[,QGXFWLRQ[FP : 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
*3    ࡱ DYHF%RRVWHU: FRPELQDEOHV N:
3RrOH)U\LQJ6HQVRU  ࡱ+7 HQ]RQH[FP :DYHF &kEOHGHUDFFRUGHPHQWPVDQV
HQLQR[ %RRVWHU:  SULVH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH =RQHGHJDXFKH]RQHVGHFXLVVRQ
GHFXLVVRQ‘FP )OH[,QGXFWLRQ[FP :
*3    ࡱ DYHF%RRVWHU: FRPELQDEOHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 HQ]RQH[FP :DYHF
HQLQR[ %RRVWHU: 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH =RQHFHQWUDOH]RQHGHFXLVVRQ
GHFXLVVRQ‘FP LQGXFWLRQ‘FP :DYHF
*3    ࡱ %RRVWHU: H[WHQVLEOH
3RrOH)U\LQJ6HQVRU  ࡱ+7 DXWRPDWLTXHPHQWHQ‘FP
HQLQR[ :DYHF%RRVWHU: HW
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH ‘FP :DYHF%RRVWHU: 
GHFXLVVRQ‘FP
*3    ࡱ %DQGHDXGHFRPPDQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RPPDQGH7ZLVW3DGDYHFERXWRQ
HQLQR[ PDJQpWLTXHDPRYLEOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
&RPELQDEOHDYHF FXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
+RWWHVGHSODQGHWUDYDLO6pULHHW GHFXLVVRQ
6pULH
+RWWHvORWHWKRWWHPXUDOH6pULH &DUDFWpULVWLTXHV
+RWWHWLURLU6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
*URXSHILOWUDQW6pULH UHFWDQJXODLUHV
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
%RQjVDYRLU )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ DFFHVVRLUH&$ 
GHFXLVVRQRXDXPLQLPXPGHODPrPH )RQFWLRQ)U\LQJ6HQVRU
ODUJHXUTXHOHSODQGHFXLVVRQ )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV )RQFWLRQ%RRVWHUSRXUSRrOHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH )RQFWLRQ0DLQWLHQDXFKDXG
$SSDUHLOVG
DVSLUDWLRQ &KURQRPqWUH
&XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 
 7DEOHGHFXLVVRQLQGXFWLRQ6pULH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
 &,  PRGH'LJLWDO +RPH&RQQHFW 
 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
 ² (QFDGUHPHQWLQR[PDVVLI &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
 GHV]RQHVGHFXLVVRQV SD\VUHVSHFWLI
 UHFWDQJXODLUHV /HVVHUYLFHV+RPH&RQQHFWQHVRQW
 ² 3RVLWLRQQHPHQWOLEUHGHV SDVGLVSRQLEOHVGDQVWRXVOHVSD\V
FDVVHUROHVVXUOHV]RQHVGH 3OXVG
LQIRUPDWLRQVVXU
FXLVVRQFRPELQpHV ZZZKRPHFRQQHFWFRP
&,  ࡱ ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
&DGUHLQR[ ࡱ+7 SRXUXQHUpSDUWLWLRQGHODWDEOHHQ 6pFXULWp
+RPH&RQQHFW ]RQHVGHFXLVVRQDYHF ,QWHUUXSWHXUSULQFLSDO
/DUJHXUFP SXLVVDQFHVGpILQLHV 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
$FFHVVRLUHVHQRSWLRQ FRQWU{OHGHODWHPSpUDWXUHGDQVOHV 7pPRLQGHFKDOHXUUpVLGXHOOHjQLYHDX[
&$    ࡱ FDVVHUROHV 6pFXULWpHQIDQWV
7HSSDQ<DNLHQ  ࡱ+7 ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ &RXSXUHGHVpFXULWp
PDWpULDXPXOWLFRXFKHV FRQWU{OHGHODWHPSpUDWXUHGDQV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ OHVSRrOHV &RQVHLOVG
LQVWDOODWLRQ
&$    ࡱ ² *UDQGH]RQHGHFXLVVRQSRXU 8QLTXHPHQWDGDSWpDX[XVWHQVLOHV
3ODTXHjJULOOHUHQ  ࡱ+7 FDVVHUROHVMXVTX
j¡FP GHFXLVLQHjIRQGPDJQpWLTXH
IRQWHG
DOXPLQLXP ² &RPPDQGH7ZLVW3DGDYHFERXWRQ /H:RN:3QHSHXWSDVrWUH
5HYrWHPHQWDQWLDGKpUHQW PDJQpWLTXHDPRYLEOH XWLOLVpDYHFFHWDSSDUHLO
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
&$  ࡱ WRXWHVOHVIRQFWLRQVJUkFHDX 3RLGVGHO
DSSDUHLOHQYLUNJ
6HQVRUGHFXLVVRQ  ࡱ+7 GLVSOD\ELFRORUH 
SRXUUpJODJHGHODWHPSpUDWXUHGDQV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
OHVFDVVHUROHV =RQHVGHFXLVVRQ HQSDJH
&$  ࡱ =RQHGHGURLWH]RQHVGHFXLVVRQ
%RXWRQPDJQpWLTXH  ࡱ+7 )OH[,QGXFWLRQ[FP :DYHF 9DOHXUVGHUDFFRUGHPHQW
7ZLVW3DGQRLU %RRVWHU: FRPELQDEOHVHQ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
*3    ࡱ ]RQH[FP :DYHF%RRVWHU N:
3RrOH)U\LQJ6HQVRU  ࡱ+7 :  &kEOHGHUDFFRUGHPHQWPVDQV
HQLQR[ =RQHGHJDXFKH]RQHVGHFXLVVRQ SULVH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH )OH[,QGXFWLRQ[FP :DYHF
GHFXLVVRQ‘FP %RRVWHU: FRPELQDEOHVHQ
*3    ࡱ ]RQH[FP :DYHF%RRVWHU
3RrOH)U\LQJ6HQVRU  ࡱ+7 : 
HQLQR[ =RQHGHFHQWUDOH]RQHGHFXLVVRQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH LQGXFWLRQ‘FP :DYHF
GHFXLVVRQ‘FP %RRVWHU: H[WHQVLEOH
*3    ࡱ DXWRPDWLTXHPHQWHQ‘FP
3RrOH)U\LQJ6HQVRU  ࡱ+7 :DYHF%RRVWHU: 
HQLQR[ HW‘FP :DYHF%RRVWHU
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH : 
GHFXLVVRQ‘FP
*3    ࡱ %DQGHDXGHFRPPDQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RPPDQGH7ZLVW3DGDYHFERXWRQ
HQLQR[ PDJQpWLTXHDPRYLEOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
&RPELQDEOHDYHF FXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
+RWWHVGHSODQGHWUDYDLO6pULH GHFXLVVRQ
+RWWHvORWHWKRWWHPXUDOH6pULH
+RWWHWLURLU6pULH &DUDFWpULVWLTXHV
*URXSHILOWUDQW6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
UHFWDQJXODLUHV
%RQjVDYRLU )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
GHFXLVVRQRXDXPLQLPXPGHODPrPH DFFHVVRLUH&$ 
ODUJHXUTXHOHSODQGHFXLVVRQ )RQFWLRQ)U\LQJ6HQVRU
0HUFLGHFRQVXOWHUOHVFRQVHLOV )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH )RQFWLRQ%RRVWHUSRXUSRrOHV
$SSDUHLOVG
DVSLUDWLRQ )RQFWLRQ0DLQWLHQDXFKDXG
&KURQRPqWUH
&XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

 7DEOHGHFXLVVRQLQGXFWLRQ6pULH 6pFXULWp
 &,  ,QWHUUXSWHXUSULQFLSDO
 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
 ² 6DQVFDGUHSRXUHQFDVWUHPHQW 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
 jIOHXUGHSODQ 7pPRLQGHFKDOHXUUpVLGXHOOH
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ jQLYHDX[
 GHV]RQHVGHFXLVVRQV 6pFXULWpHQIDQWV
 UHFWDQJXODLUHV &RXSXUHGHVpFXULWp
² 3RVLWLRQQHPHQWOLEUHGHV
FDVVHUROHVVXUOHV]RQHVGH &RQVHLOVG
LQVWDOODWLRQ
 FXLVVRQFRPELQpHV 8QLTXHPHQWDGDSWpDX[XVWHQVLOHV
&,  ࡱ ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH GHFXLVLQHjIRQGPDJQpWLTXH
6DQVFDGUH  ࡱ+7 SRXUXQHUpSDUWLWLRQGHODWDEOHHQ /H:RN:3QHSHXWSDVrWUH
+RPH&RQQHFW ]RQHVGHFXLVVRQDYHF XWLOLVpDYHFFHWDSSDUHLO
/DUJHXUFP SXLVVDQFHVGpILQLHV /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH 3RLGVGHO
DSSDUHLOHQYLUNJ
$FFHVVRLUHVHQRSWLRQ FRQWU{OHGHODWHPSpUDWXUHGDQVOHV 
&$    ࡱ FDVVHUROHV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
7HSSDQ<DNLHQ  ࡱ+7 ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ HQSDJH
PDWpULDXPXOWLFRXFKHV FRQWU{OHGHODWHPSpUDWXUHGDQV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ OHVSRrOHV 9DOHXUVGHUDFFRUGHPHQW
&$    ࡱ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
3ODTXHjJULOOHUHQ  ࡱ+7 PDJQpWLTXHDPRYLEOH &kEOHGHUDFFRUGHPHQWPVDQVSULVH
IRQWHG
DOXPLQLXP ² 6pOHFWLRQHWUpJODJHIDFLOHVGH
5HYrWHPHQWDQWLDGKpUHQW WRXWHVOHVIRQFWLRQVJUkFHDX
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ GLVSOD\ELFRORUH
&$  ࡱ
6HQVRUGHFXLVVRQ  ࡱ+7 =RQHVGHFXLVVRQ
SRXUUpJODJHGHODWHPSpUDWXUHGDQV ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ
OHVFDVVHUROHV [FP :DYHF%RRVWHU
&$  ࡱ : FRPELQDEOHVHQ]RQH
%RXWRQPDJQpWLTXH  ࡱ+7 [FP :DYHF%RRVWHU
7ZLVW3DGQRLU : 
*3    ࡱ ]RQHLQGXFWLRQ‘FP :
3RrOH)U\LQJ6HQVRU  ࡱ+7 DYHF%RRVWHU: 
HQLQR[ ]RQHGHFXLVVRQLQGXFWLRQ‘FP
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH :DYHF%RRVWHU: 
GHFXLVVRQ‘FP ]RQHGHFXLVVRQLQGXFWLRQ‘FP
*3    ࡱ :DYHF%RRVWHU: 
3RrOH)U\LQJ6HQVRU  ࡱ+7
HQLQR[ %DQGHDXGHFRPPDQGH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &RPPDQGH7ZLVW3DGDYHFERXWRQ
GHFXLVVRQ‘FP PDJQpWLTXHDPRYLEOH
*3    ࡱ 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
HQLQR[ 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH FXLVVRQ
GHFXLVVRQ‘FP 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
 GHFXLVVRQ
&RPELQDEOHDYHF
+RWWHVGHSODIRQG6pULHHW6pULH &DUDFWpULVWLTXHV
+RWWHGHSODQGHWUDYDLO6pULHHW )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
6pULH UHFWDQJXODLUHV
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
+RWWHvORWHWPXUDOH6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
$,$: DFFHVVRLUH&$ 
+RWWHWLURLU6pULH )RQFWLRQ)U\LQJ6HQVRU
*URXSHILOWUDQW6pULH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
)RQFWLRQ%RRVWHUSRXUSRrOHV
%RQjVDYRLU )RQFWLRQ0DLQWLHQDXFKDXG
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &KURQRPqWUH
GHFXLVVRQRXDXPLQLPXPGHODPrPH &XLVVRQVSURJUDPPDEOHVMXVTX
j
ODUJHXUTXHOHSODQGHFXLVVRQ PLQXWHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV 0LQXWHULHLQGpSHQGDQWH
G
LQVWDOODWLRQGDQVOHFKDSLWUH 0HQXG
RSWLRQVSHUVRQQDOLVpHV
$SSDUHLOVG
DVSLUDWLRQ 5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
 7DEOHGHFXLVVRQLQGXFWLRQ6pULH 6pFXULWp
 &,  ,QWHUUXSWHXUSULQFLSDO
 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
 ² (QFDGUHPHQWLQR[PDVVLI 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 7pPRLQGHFKDOHXUUpVLGXHOOHj
 GHV]RQHVGHFXLVVRQV QLYHDX[
 UHFWDQJXODLUHV 6pFXULWpHQIDQWV
 ² 3RVLWLRQQHPHQWOLEUHGHV &RXSXUHGHVpFXULWp
FDVVHUROHVVXUOHV]RQHVGH
 FXLVVRQFRPELQpHV &RQVHLOVG
LQVWDOODWLRQ
² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
&,  ࡱ SRXUXQHUpSDUWLWLRQGHODWDEOHHQ FXLVLQHjIRQGPDJQpWLTXH
&DGUHLQR[  ࡱ+7 ]RQHVGHFXLVVRQDYHF /H:RN:3QHSHXWSDVrWUH
+RPH&RQQHFW SXLVVDQFHVGpILQLHV XWLOLVpDYHFFHWDSSDUHLO
/DUJHXUFP ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
FRQWU{OHGHODWHPSpUDWXUHGDQVOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
$FFHVVRLUHVHQRSWLRQ FDVVHUROHV
&$    ࡱ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
7HSSDQ<DNLHQ  ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV HQSDJH
PDWpULDXPXOWLFRXFKHV SRrOHV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ 9DOHXUVGHUDFFRUGHPHQW
&$    ࡱ PDJQpWLTXHDPRYLEOH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
3ODTXHjJULOOHUHQ  ࡱ+7 ² 6pOHFWLRQHWUpJODJHIDFLOHVGH &kEOHGHUDFFRUGHPHQWPVDQVSULVH
IRQWHG
DOXPLQLXP WRXWHVOHVIRQFWLRQVJUkFHDX
5HYrWHPHQWDQWLDGKpUHQW GLVSOD\ELFRORUH
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ
&$  ࡱ =RQHVGHFXLVVRQ
6HQVRUGHFXLVVRQ  ࡱ+7 ]RQHVGHFXLVVRQ)OH[,QGXFWLRQ
SRXUUpJODJHGHODWHPSpUDWXUHGDQV [FP :DYHF%RRVWHU
OHVFDVVHUROHV : FRPELQDEOHVHQ]RQH
&$  ࡱ [FP :DYHF%RRVWHU
%RXWRQPDJQpWLTXH  ࡱ+7 : 
7ZLVW3DGQRLU ]RQHLQGXFWLRQ‘FP :
*3    ࡱ DYHF%RRVWHU: 
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHGHFXLVVRQLQGXFWLRQ‘FP
HQLQR[ :DYHF%RRVWHU: 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH ]RQHGHFXLVVRQLQGXFWLRQ‘FP
GHFXLVVRQ‘FP :DYHF%RRVWHU: 
*3    ࡱ
3RrOH)U\LQJ6HQVRU  ࡱ+7 %DQGHDXGHFRPPDQGH
HQLQR[ &RPPDQGH7ZLVW3DGDYHFERXWRQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH PDJQpWLTXHDPRYLEOH
GHFXLVVRQ‘FP 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
*3    ࡱ JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
3RrOH)U\LQJ6HQVRU  ࡱ+7 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
HQLQR[ FXLVVRQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
GHFXLVVRQ‘FP GHFXLVVRQ
 
&RPELQDEOHDYHF &DUDFWpULVWLTXHV
+RWWHVGHSODIRQG6pULHHW6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHGHSODQGHWUDYDLO6pULH UHFWDQJXODLUHV
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
$,$: DFFHVVRLUH&$ 
+RWWHWLURLU6pULH )RQFWLRQ)U\LQJ6HQVRU
*URXSHILOWUDQW6pULH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
)RQFWLRQ%RRVWHUSRXUSRrOHV
%RQjVDYRLU )RQFWLRQ0DLQWLHQDXFKDXG
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &KURQRPqWUH
GHFXLVVRQRXDXPLQLPXPGHODPrPH &XLVVRQVSURJUDPPDEOHVMXVTX
j
ODUJHXUTXHOHSODQGHFXLVVRQ PLQXWHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV 0LQXWHULHLQGpSHQGDQWH
G
LQVWDOODWLRQGDQVOHFKDSLWUH 0HQXG
RSWLRQVSHUVRQQDOLVpHV
$SSDUHLOVG
DVSLUDWLRQ 5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

 7DEOHGHFXLVVRQLQGXFWLRQ6pULH 6pFXULWp
 &,  ,QWHUUXSWHXUSULQFLSDO
 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
 ² 6DQVFDGUHSRXUHQFDVWUHPHQW 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
 jIOHXUGHSODQ 7pPRLQGHFKDOHXUUpVLGXHOOHj
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ QLYHDX[
 GHV]RQHVGHFXLVVRQVUHFWDQJXODLUHV 6pFXULWpHQIDQWV
 ² 3RVLWLRQQHPHQWOLEUHGHV &RXSXUHGHVpFXULWp
FDVVHUROHVVXUOHV]RQHVGH
 FXLVVRQFRPELQpHVDYHFH[WHQVLRQ &RQVHLOVG
LQVWDOODWLRQ
 DXWRPDWLTXHMXVTX
jODUJHXUFP 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
&,  ࡱ ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH FXLVLQHjIRQGPDJQpWLTXH
6DQVFDGUH  ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV /H:RN:3QHSHXWSDVrWUH
+RPH&RQQHFW FDVVHUROHV XWLOLVpDYHFFHWDSSDUHLO
/DUJHXUFP ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
SRXUXQHUpSDUWLWLRQGHODWDEOH 3RLGVGHO
DSSDUHLOHQYLUNJ
$FFHVVRLUHVHQRSWLRQ HQ]RQHVGHFXLVVRQDYHF 
&$    ࡱ SXLVVDQFHVGpILQLHV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
7HSSDQ<DNLHQ  ࡱ+7 ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ HQSDJH
PDWpULDXPXOWLFRXFKHV FRQWU{OHGHODWHPSpUDWXUHGDQV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ OHVSRrOHV 9DOHXUVGHUDFFRUGHPHQW
&$    ࡱ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
3ODTXHjJULOOHUHQ  ࡱ+7 PDJQpWLTXHDPRYLEOH N:
IRQWHG
DOXPLQLXP ² 6pOHFWLRQHWUpJODJHIDFLOHVGH &kEOHGHUDFFRUGHPHQWPVDQV
5HYrWHPHQWDQWLDGKpUHQW WRXWHVOHVIRQFWLRQVJUkFHDX SULVH
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ GLVSOD\ELFRORUH 3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
&$  ࡱ UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
6HQVRUGHFXLVVRQ  ࡱ+7 =RQHVGHFXLVVRQ
SRXUUpJODJHGHODWHPSpUDWXUHGDQV =RQHGHGURLWH]RQHVGHFXLVVRQ
OHVFDVVHUROHV )OH[,QGXFWLRQ[FP :DYHF
&$  ࡱ %RRVWHU: FRPELQDEOHVHQ]RQH
%RXWRQPDJQpWLTXH  ࡱ+7 [FP :DYHF%RRVWHU
7ZLVW3DGQRLU : DYHFH[WHQVLRQDXWRPDWLTXH
*3    ࡱ MXVTX
j[FP :DYHF
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RRVWHU: 
HQLQR[ =RQHGHJDXFKH]RQHVGHFXLVVRQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH )OH[,QGXFWLRQ[FP :DYHF
GHFXLVVRQ‘FP %RRVWHU: FRPELQDEOHVHQ]RQH
*3    ࡱ [FP :DYHF%RRVWHU
3RrOH)U\LQJ6HQVRU  ࡱ+7 : DYHFH[WHQVLRQDXWRPDWLTXH
HQLQR[ MXVTX
j[FP :DYHF
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %RRVWHU: 
GHFXLVVRQ‘FP
*3    ࡱ %DQGHDXGHFRPPDQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RPPDQGH7ZLVW3DGDYHFERXWRQ
HQLQR[ PDJQpWLTXHDPRYLEOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
*3    ࡱ 0DUTXDJHGHV]RQHVHWVXUIDFHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 GHFXLVVRQ
HQLQR[ 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH GHFXLVVRQ
GHFXLVVRQ‘FP
 &DUDFWpULVWLTXHV
&RPELQDEOHDYHF )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH UHFWDQJXODLUHV
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
+RWWHvORWHWKRWWHPXUDOH6pULH DFFHVVRLUH&$ 
$,$: )RQFWLRQ)U\LQJ6HQVRU
+RWWHWLURLU6pULH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
*URXSHILOWUDQW6pULH )RQFWLRQ%RRVWHUSRXUSRrOHV
)RQFWLRQ0DLQWLHQDXFKDXG
%RQjVDYRLU &KURQRPqWUH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &XLVVRQVSURJUDPPDEOHVMXVTX
j
GHFXLVVRQRXDXPLQLPXPGHODPrPH PLQXWHV
ODUJHXUTXHOHSODQGHFXLVVRQ 0LQXWHULHLQGpSHQGDQWH
0HUFLGHFRQVXOWHUOHVFRQVHLOV 0HQXG
RSWLRQVSHUVRQQDOLVpHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH 5pJXODWHXUG
pQHUJLH
$SSDUHLOVG
DVSLUDWLRQ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
 7DEOHGHFXLVVRQLQGXFWLRQ6pULH /HVVHUYLFHV+RPH&RQQHFWQHVRQW
 &,  SDVGLVSRQLEOHVGDQVWRXVOHVSD\V
 3OXVG
LQIRUPDWLRQVVXU
 ² (QFDGUHPHQWLQR[PDVVLI ZZZKRPHFRQQHFWFRP
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 
 GHV]RQHVGHFXLVVRQV 6pFXULWp
 UHFWDQJXODLUHV ,QWHUUXSWHXUSULQFLSDO
 ² 3RVLWLRQQHPHQWOLEUHGHV 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
 FDVVHUROHVVXUOHV]RQHVGH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
 FXLVVRQFRPELQpHVDYHFH[WHQVLRQ 7pPRLQGHFKDOHXUUpVLGXHOOHj
DXWRPDWLTXHMXVTX
jODUJHXUFP QLYHDX[
&,  ࡱ ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH 6pFXULWpHQIDQWV
&DGUHLQR[  ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV &RXSXUHGHVpFXULWp
+RPH&RQQHFW FDVVHUROHV
/DUJHXUFP ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH &RQVHLOVG
LQVWDOODWLRQ
SRXUXQHUpSDUWLWLRQGHODWDEOHHQ 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
$FFHVVRLUHVHQRSWLRQ ]RQHVGHFXLVVRQDYHF FXLVLQHjIRQGPDJQpWLTXH
&$    ࡱ SXLVVDQFHVGpILQLHV /H:RN:3QHSHXWSDVrWUH
7HSSDQ<DNLHQ  ࡱ+7 ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ XWLOLVpDYHFFHWDSSDUHLO
PDWpULDXPXOWLFRXFKHV FRQWU{OHGHODWHPSpUDWXUHGDQVOHV /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ SRrOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
&$    ࡱ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ
3ODTXHjJULOOHUHQ  ࡱ+7 PDJQpWLTXHDPRYLEOH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
IRQWHG
DOXPLQLXP ² 6pOHFWLRQHWUpJODJHIDFLOHVGH HQSDJH
5HYrWHPHQWDQWLDGKpUHQW WRXWHVOHVIRQFWLRQVJUkFHDX
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ GLVSOD\ELFRORUH 9DOHXUVGHUDFFRUGHPHQW
&$  ࡱ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
6HQVRUGHFXLVVRQ  ࡱ+7 =RQHVGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQVSULVH
SRXUUpJODJHGHODWHPSpUDWXUHGDQV =RQHGHGURLWH]RQHVGHFXLVVRQ
OHVFDVVHUROHV )OH[,QGXFWLRQ[FP :
&$  ࡱ DYHF%RRVWHU: FRPELQDEOHV
%RXWRQPDJQpWLTXH  ࡱ+7 HQ]RQH[FP :DYHF
7ZLVW3DGQRLU %RRVWHU: DYHFH[WHQVLRQ
*3    ࡱ DXWRPDWLTXHMXVTX
j[FP :
3RrOH)U\LQJ6HQVRU  ࡱ+7 DYHF%RRVWHU: 
HQLQR[ =RQHGHJDXFKH]RQHVGHFXLVVRQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH )OH[,QGXFWLRQ[FP :
GHFXLVVRQ‘FP DYHF%RRVWHU: FRPELQDEOHV
*3    ࡱ HQ]RQH[FP :DYHF
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RRVWHU: DYHFH[WHQVLRQ
HQLQR[ DXWRPDWLTXHMXVTX
j[FP :
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH DYHF%RRVWHU: 
GHFXLVVRQ‘FP
*3    ࡱ %DQGHDXGHFRPPDQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RPPDQGH7ZLVW3DGDYHFERXWRQ
HQLQR[ PDJQpWLTXHDPRYLEOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
*3    ࡱ 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 FXLVVRQ
HQLQR[ 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH GHFXLVVRQ
GHFXLVVRQ‘FP
 &DUDFWpULVWLTXHV
&RPELQDEOHDYHF )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH UHFWDQJXODLUHV
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
+RWWHvORWHWKRWWHPXUDOH6pULH DFFHVVRLUH&$ 
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
$,$: )RQFWLRQ)U\LQJ6HQVRU
+RWWHWLURLU6pULH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
*URXSHILOWUDQW6pULH )RQFWLRQ%RRVWHUSRXUSRrOHV
)RQFWLRQ0DLQWLHQDXFKDXG
%RQjVDYRLU &KURQRPqWUH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &XLVVRQVSURJUDPPDEOHVMXVTX
j
GHFXLVVRQRXDXPLQLPXPGHODPrPH PLQXWHV
ODUJHXUTXHOHSODQGHFXLVVRQ 0LQXWHULHLQGpSHQGDQWH
0HUFLGHFRQVXOWHUOHVFRQVHLOV 0HQXG
RSWLRQVSHUVRQQDOLVpHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH 5pJXODWHXUG
pQHUJLH
$SSDUHLOVG
DVSLUDWLRQ &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

 7DEOHGHFXLVVRQLQGXFWLRQ6pULH /HVVHUYLFHV+RPH&RQQHFWQHVRQW
 &,  SDVGLVSRQLEOHVGDQVWRXVOHVSD\V
 3OXVG
LQIRUPDWLRQVVXU
 ² 6DQVFDGUHSRXUHQFDVWUHPHQWj ZZZKRPHFRQQHFWFRP
 IOHXUGHSODQ 
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 6pFXULWp
 GHV]RQHVGHFXLVVRQV ,QWHUUXSWHXUSULQFLSDO
 UHFWDQJXODLUHV 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
² 3RVLWLRQQHPHQWOLEUHGHV 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
FDVVHUROHVVXUOHV]RQHVGH 7pPRLQGHFKDOHXUUpVLGXHOOHj
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ QLYHDX[
 DXWRPDWLTXHMXVTX
jODUJHXUFP 6pFXULWpHQIDQWV
&,  ࡱ ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH &RXSXUHGHVpFXULWp
6DQVFDGUH ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV
+RPH&RQQHFW FDVVHUROHV &RQVHLOVG
LQVWDOODWLRQ
/DUJHXUFP ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
SRXUXQHUpSDUWLWLRQGHODWDEOHHQ FXLVLQHjIRQGPDJQpWLTXH
$FFHVVRLUHVHQRSWLRQ ]RQHVGHFXLVVRQDYHF /H:RN:3QHSHXWSDVrWUH
&$    ࡱ SXLVVDQFHVGpILQLHV XWLOLVpDYHFFHWDSSDUHLO
7HSSDQ<DNLHQ  ࡱ+7 ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
PDWpULDXPXOWLFRXFKHV FRQWU{OHGHODWHPSpUDWXUHGDQV 3RLGVGHO
DSSDUHLOHQYLUNJ
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ OHVSRrOHV 
&$    ࡱ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
3ODTXHjJULOOHUHQ  ࡱ+7 PDJQpWLTXHDPRYLEOH HQSDJH
IRQWHG
DOXPLQLXP ² 6pOHFWLRQHWUpJODJHIDFLOHVGH
5HYrWHPHQWDQWLDGKpUHQW WRXWHVOHVIRQFWLRQVJUkFHDX 9DOHXUVGHUDFFRUGHPHQW
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ GLVSOD\ELFRORUH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
&$  ࡱ &kEOHGHUDFFRUGHPHQWPVDQVSULVH
6HQVRUGHFXLVVRQ  ࡱ+7 =RQHVGHFXLVVRQ 3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
SRXUUpJODJHGHODWHPSpUDWXUHGDQV =RQHGHGURLWH]RQHVGHFXLVVRQ UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
OHVFDVVHUROHV )OH[,QGXFWLRQ[FP :DYHF
&$  ࡱ %RRVWHU: FRPELQDEOHVHQ
%RXWRQPDJQpWLTXH  ࡱ+7 ]RQH[FP :DYHF%RRVWHU
7ZLVW3DGQRLU : DYHFH[WHQVLRQDXWRPDWLTXH
*3    ࡱ MXVTX
j[FP :DYHF
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RRVWHU: 
HQLQR[ =RQHGHJDXFKH]RQHVGHFXLVVRQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH )OH[,QGXFWLRQ[FP :DYHF
GHFXLVVRQ‘FP %RRVWHU: FRPELQDEOHVHQ
*3    ࡱ ]RQH[FP :DYHF%RRVWHU
3RrOH)U\LQJ6HQVRU  ࡱ+7 : DYHFH[WHQVLRQDXWRPDWLTXH
HQLQR[ MXVTX
j[FP :DYHF
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %RRVWHU: 
GHFXLVVRQ‘FP
*3    ࡱ %DQGHDXGHFRPPDQGH
3RrOH)U\LQJ6HQVRU  ࡱ+7 &RPPDQGH7ZLVW3DGDYHFERXWRQ
HQLQR[ PDJQpWLTXHDPRYLEOH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
GHFXLVVRQ‘FP JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
&RPELQDEOHDYHF FXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
+RWWHGHSODQGHWUDYDLO6pULH GHFXLVVRQ
+RWWHvORWHWKRWWHPXUDOH6pULH
HW6pULH &DUDFWpULVWLTXHV
+RWWHWLURLU6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
*URXSHILOWUDQW6pULH UHFWDQJXODLUHV
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
%RQjVDYRLU )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ DFFHVVRLUH&$ 
GHFXLVVRQRXDXPLQLPXPGHODPrPH )RQFWLRQ)U\LQJ6HQVRU
ODUJHXUTXHOHSODQGHFXLVVRQ )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV )RQFWLRQ%RRVWHUSRXUSRrOHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH )RQFWLRQ0DLQWLHQDXFKDXG
$SSDUHLOVG
DVSLUDWLRQ &KURQRPqWUH
&XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
 7DEOHGHFXLVVRQLQGXFWLRQ6pULH /HVVHUYLFHV+RPH&RQQHFWQHVRQW
 &,  SDVGLVSRQLEOHVGDQVWRXVOHVSD\V
 3OXVG
LQIRUPDWLRQVVXU
 ² (QFDGUHPHQWLQR[PDVVLI ZZZKRPHFRQQHFWFRP
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 
 GHV]RQHVGHFXLVVRQV 6pFXULWp
 UHFWDQJXODLUHV ,QWHUUXSWHXUSULQFLSDO
 ² 3RVLWLRQQHPHQWOLEUHGHV 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
FDVVHUROHVVXUOHV]RQHVGH 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ 7pPRLQGHFKDOHXUUpVLGXHOOHj
 DXWRPDWLTXHMXVTX
jODUJHXUFP QLYHDX[
 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH 6pFXULWpHQIDQWV
&,  ࡱ FRQWU{OHGHODWHPSpUDWXUHGDQVOHV &RXSXUHGHVpFXULWp
&DGUHLQR[  ࡱ+7 FDVVHUROHV
+RPH&RQQHFW ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH &RQVHLOVG
LQVWDOODWLRQ
/DUJHXUFP SRXUXQHUpSDUWLWLRQGHODWDEOHHQ 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
]RQHVGHFXLVVRQDYHF FXLVLQHjIRQGPDJQpWLTXH
$FFHVVRLUHVHQRSWLRQ SXLVVDQFHVGpILQLHV /H:RN:3QHSHXWSDVrWUH
&$    ࡱ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ XWLOLVpDYHFFHWDSSDUHLO
7HSSDQ<DNLHQ  ࡱ+7 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
PDWpULDXPXOWLFRXFKHV SRrOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ ² &RPPDQGH7ZLVW3DGDYHFERXWRQ 
&$    ࡱ PDJQpWLTXHDPRYLEOH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
3ODTXHjJULOOHUHQ  ࡱ+7 ² 6pOHFWLRQHWUpJODJHIDFLOHVGH HQSDJH
IRQWHG
DOXPLQLXP WRXWHVOHVIRQFWLRQVJUkFHDX
5HYrWHPHQWDQWLDGKpUHQW GLVSOD\ELFRORUH 9DOHXUVGHUDFFRUGHPHQW
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
&$  ࡱ =RQHVGHFXLVVRQ &kEOHGHUDFFRUGHPHQWPVDQVSULVH
6HQVRUGHFXLVVRQ  ࡱ+7 =RQHGHGURLWH]RQHVGHFXLVVRQ 3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
SRXUUpJODJHGHODWHPSpUDWXUHGDQV )OH[,QGXFWLRQ[FP : UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
OHVFDVVHUROHV DYHF%RRVWHU: FRPELQDEOHV
&$  ࡱ HQ]RQH[FP :DYHF
%RXWRQPDJQpWLTXH  ࡱ+7 %RRVWHU: DYHFH[WHQVLRQ
7ZLVW3DGQRLU DXWRPDWLTXHMXVTX
j[FP
*3    ࡱ :DYHF%RRVWHU: 
3RrOH)U\LQJ6HQVRU  ࡱ+7 =RQHGHJDXFKH]RQHVGHFXLVVRQ
HQLQR[ )OH[,QGXFWLRQ[FP :
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH DYHF%RRVWHU: FRPELQDEOHV
GHFXLVVRQ‘FP HQ]RQH[FP :DYHF
*3    ࡱ %RRVWHU: DYHFH[WHQVLRQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 DXWRPDWLTXHMXVTX
j[FP
HQLQR[ :DYHF%RRVWHU: 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH
GHFXLVVRQ‘FP %DQGHDXGHFRPPDQGH
*3    ࡱ &RPPDQGH7ZLVW3DGDYHFERXWRQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 PDJQpWLTXHDPRYLEOH
HQLQR[ 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
GHFXLVVRQ‘FP 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
 FXLVVRQ
&RPELQDEOHDYHF 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
+RWWHVGHSODIRQG6pULHHW6pULH GHFXLVVRQ
+RWWHGHSODQGHWUDYDLO6pULH
+RWWHvORWHWKRWWHPXUDOH6pULH &DUDFWpULVWLTXHV
HW6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHWLURLU6pULH UHFWDQJXODLUHV
*URXSHILOWUDQW6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
)RQFWLRQ6HQVRUGHFXLVVRQ DYHF
%RQjVDYRLU DFFHVVRLUH&$ 
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ )RQFWLRQ)U\LQJ6HQVRU
GHFXLVVRQRXDXPLQLPXPGHODPrPH )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
ODUJHXUTXHOHSODQGHFXLVVRQ )RQFWLRQ%RRVWHUSRXUSRrOHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV )RQFWLRQ0DLQWLHQDXFKDXG
G
LQVWDOODWLRQGDQVOHFKDSLWUH &KURQRPqWUH
$SSDUHLOVG
DVSLUDWLRQ &XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

 7DEOHGHFXLVVRQLQGXFWLRQ6pULH /HVVHUYLFHV+RPH&RQQHFWQHVRQW
 &,  SDVGLVSRQLEOHVGDQVWRXVOHVSD\V
 3OXVG
LQIRUPDWLRQVVXU
 ² 6DQVFDGUHSRXUHQFDVWUHPHQWj ZZZKRPHFRQQHFWFRP
 IOHXUGHSODQ 
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 6pFXULWp
 GHV]RQHVGHFXLVVRQV ,QWHUUXSWHXUSULQFLSDO
 UHFWDQJXODLUHV 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
² 3RVLWLRQQHPHQWOLEUHGHV 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
FDVVHUROHVVXUOHV]RQHVGH 7pPRLQGHFKDOHXUUpVLGXHOOHj
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ QLYHDX[
DXWRPDWLTXHMXVTX
jODUJHXUFP 6pFXULWpHQIDQWV
 ² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH &RXSXUHGHVpFXULWp
 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV
&,  ࡱ FDVVHUROHV &RQVHLOVG
LQVWDOODWLRQ
6DQVFDGUH ࡱ+7 ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
+RPH&RQQHFW SRXUXQHUpSDUWLWLRQGHODWDEOHHQ FXLVLQHjIRQGPDJQpWLTXH
/DUJHXUFP ]RQHVGHFXLVVRQDYHF /H:RN:3QHSHXWSDVrWUH
SXLVVDQFHVGpILQLHV XWLOLVpDYHFFHWDSSDUHLO
$FFHVVRLUHVHQRSWLRQ ² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
&$    ࡱ FRQWU{OHGHODWHPSpUDWXUHGDQVOHV 3RLGVGHO
DSSDUHLOHQYLUNJ
7HSSDQ<DNLHQ  ࡱ+7 SRrOHV 
PDWpULDXPXOWLFRXFKHV ² &RPPDQGH7ZLVW3DGDYHFERXWRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ PDJQpWLTXHDPRYLEOH HQSDJH
&$    ࡱ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH
3ODTXHjJULOOHUHQ  ࡱ+7 WRXWHVOHVIRQFWLRQVJUkFHDX 9DOHXUVGHUDFFRUGHPHQW
IRQWHG
DOXPLQLXP GLVSOD\ELFRORUH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHN:
5HYrWHPHQWDQWLDGKpUHQW &kEOHGHUDFFRUGHPHQWPVDQVSULVH
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ =RQHVGHFXLVVRQ 3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
&$  ࡱ =RQHGHGURLWH]RQHVGHFXLVVRQ UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
6HQVRUGHFXLVVRQ  ࡱ+7 )OH[,QGXFWLRQ[FP :DYHF
SRXUUpJODJHGHODWHPSpUDWXUHGDQV %RRVWHU: FRPELQDEOHVHQ
OHVFDVVHUROHV ]RQH[FP :DYHF%RRVWHU
&$  ࡱ : DYHFH[WHQVLRQDXWRPDWLTXH
%RXWRQPDJQpWLTXH  ࡱ+7 MXVTX
j[FP :DYHF
7ZLVW3DGQRLU %RRVWHU: 
*3    ࡱ =RQHGHJDXFKH]RQHVGHFXLVVRQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 )OH[,QGXFWLRQ[FP :DYHF
HQLQR[ %RRVWHU: FRPELQDEOHVHQ
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH ]RQH[FP :DYHF%RRVWHU
GHFXLVVRQ‘FP : DYHFH[WHQVLRQDXWRPDWLTXH
*3    ࡱ MXVTX
j[FP :DYHF
3RrOH)U\LQJ6HQVRU  ࡱ+7 %RRVWHU: 
HQLQR[
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %DQGHDXGHFRPPDQGH
GHFXLVVRQ‘FP &RPPDQGH7ZLVW3DGDYHFERXWRQ
*3    ࡱ PDJQpWLTXHDPRYLEOH
3RrOH)U\LQJ6HQVRU  ࡱ+7 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
HQLQR[ JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH 0DUTXDJHGHV]RQHVHWVXUIDFHVGH
GHFXLVVRQ‘FP FXLVVRQ
 &RQWU{OHpOHFWURQLTXHDYHF
&RPELQDEOHDYHF SRVLWLRQVGHFXLVVRQ
+RWWHVGHSODIRQG6pULHHW6pULH
+RWWHGHSODQGHWUDYDLO6pULH &DUDFWpULVWLTXHV
+RWWHvORWHWKRWWHPXUDOH6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
HW6pULH UHFWDQJXODLUHV
+RWWHWLURLU6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
*URXSHILOWUDQW6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
DFFHVVRLUH&$ 
%RQjVDYRLU )RQFWLRQ)U\LQJ6HQVRU
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
GHFXLVVRQRXDXPLQLPXPGHODPrPH )RQFWLRQ%RRVWHUSRXUSRrOHV
ODUJHXUTXHOHSODQGHFXLVVRQ )RQFWLRQ0DLQWLHQDXFKDXG
0HUFLGHFRQVXOWHUOHVFRQVHLOV &KURQRPqWUH
G
LQVWDOODWLRQGDQVOHFKDSLWUH &XLVVRQVSURJUDPPDEOHVMXVTX
j
$SSDUHLOVG
DVSLUDWLRQ PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
 7DEOHGHFXLVVRQLQGXFWLRQ6pULH 6pFXULWp
 &,  ,QWHUUXSWHXUSULQFLSDO
 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
 ² (QFDGUHPHQWLQR[PDVVLI 'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
 ² )RQFWLRQ)OH[SRXUODFRPELQDLVRQ 7pPRLQGHFKDOHXUUpVLGXHOOH
 GHV]RQHVGHFXLVVRQV jQLYHDX[
 UHFWDQJXODLUHV 6pFXULWpHQIDQWV
 ² 3RVLWLRQQHPHQWOLEUHGHV &RXSXUHGHVpFXULWp
FDVVHUROHVVXUOHV]RQHVGH
FXLVVRQFRPELQpHVDYHFH[WHQVLRQ &RQVHLOVG
LQVWDOODWLRQ
DXWRPDWLTXHMXVTX
jODUJHXUFP 8QLTXHPHQWDGDSWpDX[XVWHQVLOHVGH
² )RQFWLRQ6HQVRUGHFXLVVRQSRXUOH FXLVLQHjIRQGPDJQpWLTXH
 FRQWU{OHGHODWHPSpUDWXUHGDQVOHV /H:RN:3QHSHXWSDVrWUH
 FDVVHUROHV XWLOLVpDYHFFHWDSSDUHLO
&,  ࡱ ² )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH /
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
&DGUHLQR[ ࡱ+7 SRXUXQHUpSDUWLWLRQGHODWDEOHHQ 3RLGVGHO
DSSDUHLOHQYLUNJ
+RPH&RQQHFW ]RQHVGHFXLVVRQDYHF 
/DUJHXUFP SXLVVDQFHVGpILQLHV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
² )RQFWLRQ)U\LQJ6HQVRUSRXUXQ HQSDJH
$FFHVVRLUHVHQRSWLRQ FRQWU{OHGHODWHPSpUDWXUHGDQV
&$    ࡱ OHVSRrOHV 9DOHXUVGHUDFFRUGHPHQW
7HSSDQ<DNLHQ  ࡱ+7 ² &RPPDQGH7ZLVW3DGDYHFERXWRQ 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
PDWpULDXPXOWLFRXFKHV PDJQpWLTXHDPRYLEOH N:
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ ² 6pOHFWLRQHWUpJODJHIDFLOHVGH &kEOHGHUDFFRUGHPHQWPVDQV
&$    ࡱ WRXWHVOHVIRQFWLRQVJUkFHDX SULVH
3ODTXHjJULOOHUHQ  ࡱ+7 GLVSOD\ELFRORUH 3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
IRQWHG
DOXPLQLXP UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
5HYrWHPHQWDQWLDGKpUHQW =RQHVGHFXLVVRQ
3RXUWDEOHGHFXLVVRQ)OH[,QGXFWLRQ =RQHGHGURLWH]RQHVGHFXLVVRQ
&$  ࡱ )OH[,QGXFWLRQ[FP :
6HQVRUGHFXLVVRQ  ࡱ+7 DYHF%RRVWHU: FRPELQDEOHV
SRXUUpJODJHGHODWHPSpUDWXUHGDQV HQ]RQH[FP :DYHF
OHVFDVVHUROHV %RRVWHU: DYHFH[WHQVLRQ
&$  ࡱ DXWRPDWLTXHMXVTX
j[FP
%RXWRQPDJQpWLTXH  ࡱ+7 :DYHF%RRVWHU: 
7ZLVW3DGQRLU =RQHGHJDXFKH]RQHVGHFXLVVRQ
*3    ࡱ )OH[,QGXFWLRQ[FP :
3RrOH)U\LQJ6HQVRU  ࡱ+7 DYHF%RRVWHU: FRPELQDEOHV
HQLQR[ HQ]RQH[FP :DYHF
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH %RRVWHU: DYHFH[WHQVLRQ
GHFXLVVRQ‘FP DXWRPDWLTXHMXVTX
j[FP
*3    ࡱ :DYHF%RRVWHU: 
3RrOH)U\LQJ6HQVRU  ࡱ+7
HQLQR[ %DQGHDXGHFRPPDQGH
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH &RPPDQGH7ZLVW3DGDYHFERXWRQ
GHFXLVVRQ‘FP PDJQpWLTXHDPRYLEOH
*3    ࡱ 8WLOLVDWLRQFRQIRUWDEOHGHVFRPPDQGHV
3RrOH)U\LQJ6HQVRU  ࡱ+7 JUkFHDXGLVSOD\ELFRORUH EODQFRUDQJH 
HQLQR[ 0DUTXDJHGHV]RQHVHWVXUIDFHV
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH GHFXLVVRQ
GHFXLVVRQ‘FP &RQWU{OHpOHFWURQLTXHDYHF
 SRVLWLRQVGHFXLVVRQ
&RPELQDEOHDYHF
+RWWHVGHSODIRQG6pULHHW6pULH &DUDFWpULVWLTXHV
+RWWHGHSODQGHWUDYDLO6pULH )RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQ
+RWWHvORWHWKRWWHPXUDOH6pULH UHFWDQJXODLUHV
HW6pULH )RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH
+RWWHWLURLU6pULH )RQFWLRQ6HQVRUGHFXLVVRQ DYHF
*URXSHILOWUDQW6pULH DFFHVVRLUH&$ 
)RQFWLRQ)U\LQJ6HQVRU
%RQjVDYRLU )RQFWLRQ%RRVWHUSRXUFDVVHUROHV
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ )RQFWLRQ%RRVWHUSRXUSRrOHV
GHFXLVVRQRXDXPLQLPXPGHODPrPH )RQFWLRQ0DLQWLHQDXFKDXG
ODUJHXUTXHOHSODQGHFXLVVRQ &KURQRPqWUH
0HUFLGHFRQVXOWHUOHVFRQVHLOV &XLVVRQVSURJUDPPDEOHVMXVTX
j
G
LQVWDOODWLRQGDQVOHFKDSLWUH PLQXWHV
$SSDUHLOVG
DVSLUDWLRQ 0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
KRWWHFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

 7DEOHGHFXLVVRQLQGXFWLRQ6pULH
 &, 

 ² (QFDGUHPHQWLQR[PDVVLI
 ² =RQHGHFXLVVRQRYDOHH[WHQVLEOH
 DXWRPDWLTXHPHQW
 ² &RPPDQGHSDUWRXFKHVVHQVLWLYHV
 DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ

=RQHVGHFXLVVRQ
]RQHGHFXLVVRQLQGXFWLRQ‘FP
:DYHF%RRVWHU: 
 H[WHQVLEOHDXWRPDWLTXHPHQWHQ]RQH
 RYDOH[FP :DYHF%RRVWHU
&,  ࡱ : 
&DGUHLQR[ ࡱ+7 ]RQHGHFXLVVRQLQGXFWLRQ‘FP
/DUJHXUFP :DYHF%RRVWHU: 
]RQHGHFXLVVRQLQGXFWLRQ‘FP
&RPELQDEOHDYHF :DYHF%RRVWHU: 
+RWWHVGHSODIRQG6pULHHW6pULH ]RQHGHFXLVVRQLQGXFWLRQ‘FP
+RWWHGHSODQGHWUDYDLO6pULH :DYHF%RRVWHU: 
+RWWHvORWHWKRWWHPXUDOH6pULH
HW6pULH %DQGHDXGHFRPPDQGH
+RWWHWLURLU6pULH &RPPDQGHSDUWRXFKHVVHQVLWLYHV
*URXSHILOWUDQW6pULH DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ
0DUTXDJHGHV]RQHVGHFXLVVRQ
%RQjVDYRLU 5pJODJHpOHFWURQLTXHHQSRVLWLRQV
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ GHFXLVVRQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH
ODUJHXUTXHOHSODQGHFXLVVRQ &DUDFWpULVWLTXHV
0HUFLGHFRQVXOWHUOHVFRQVHLOV )RQFWLRQ%RRVWHUVXUFKDTXH]RQH
G
LQVWDOODWLRQGDQVOHFKDSLWUH GHFXLVVRQ
$SSDUHLOVG
DVSLUDWLRQ &XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV
5pJXODWHXUG
pQHUJLH

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
'pWHFWLRQDXWRPDWLTXHGHVFDVVHUROHV
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
8QLTXHPHQWDGDSWpDX[XVWHQVLOHV
GHFXLVLQHjIRQGPDJQpWLTXH
3RXUXQHUpSDUWLWLRQXQLIRUPHGHOD
FKDOHXUO
XWLOLVDWLRQGHPDWpULDX[
PXOWLFRXFKHVHVWUHFRPPDQGpH
/H:RN:3QHSHXWSDVrWUH
XWLOLVpDYHFFHWDSSDUHLO
3UpYRLUXQSODQFKHULQWHUPpGLDLUH
/
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
HQSDJH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQW
WRWDOHN:
&kEOHGHUDFFRUGHPHQWP
VDQVSULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQVHLOVG
LQVWDOODWLRQSRXUWDEOHVGHFXLVVRQLQGXFWLRQHWWDEOHYLWURFpUDPLTXH
9DODEOHVSRXU&,&;9,9,HW&(

(QWUpHG·DLU  HVWDEOHVGHFXLVVRQ,QGXFWLRQVRQW
/
GRWpHVG·XQYHQWLODWHXUGHUHIURLGLVVH
PHQWGHVWLQpjSURWpJHUO·pOHFWURQLTXH
GHVDSSDUHLOVFRQWUHODVXUFKDXIIH min. 65/70**
(QFDVGHFLUFXODWLRQG·DLULQVXIILVDQWH
GDQVOHPHXEOHODSXLVVDQFHGHV 
DSSDUHLOVVHUDUpGXLWHDILQGHSURWpJHU
O·pOHFWURQLTXHFRQWUHWRXWULVTXHGH
VXUFKDXIIH

$& DQDOG·DpUDWLRQVLWXpGHUULqUH   QHVSDFHG·DXPRLQVPPHVW


8
ODSDURLDUULqUHGXPHXEOHRX QpFHVVDLUHVXUWRXWHODODUJHXU
GHUULqUHXQIRXUHQFDVWUp HWODKDXWHXUGXPHXEOH

 RXUGHVPHXEOHVWRWDOHPHQW
3
IHUPpVLOIDXWSUpYRLUXQHHQWUpH
G·DLUWUDQVYHUVDOHVXIILVDQWH
SRXUFHFDQDOG·DpUDWLRQ

%( QWUpHG·DLUSDUODSDURLDUULqUH  RXUXQPHXEOHDYHFXQHSDURL 


3
GXPHXEOH DUULqUHLOIDXWSUpYRLUXQHGpFRXSH
G·XQHKDXWHXUPLQLPDOHGHPPj  20
0/8
SDUWLUGXERUGLQIpULHXUGXSODQGH 50/55
0/3
WUDYDLO .30
min
/DODUJHXUPLQLPDOHHVWGH PLQ

‡ PPSRXUOHV9DULRLQGXFWLRQ 
ODUJHXUFP
‡ PPSRXUOHV9DULRLQGXFWLRQ 
ODUJHXUFP
‡ PPSRXUOHVWDEOHVGHFXLVVRQ
LQGXFWLRQODUJHXUjFP
‡PPSRXUOHVWDEOHVGHFXLVVRQ
LQGXFWLRQODUJHXUFP




LQ
P
(YDFXDWLRQGHO·DLUDYHF  RXUpYLWHUOHUpFKDXIIHPHQWGX
3
XQS ODQFKHULQWHUPpGLDLUH FRQWHQXGHVWLURLUVVLWXpVVRXVOD
WDEOHGHFXLVVRQLOHVWFRQVHLOOp
G·LQVWDOOHUXQSODQFKHULQWHUPpGLDLUH
/DUJHXUGHGpFRXSHPLQLPDOH
‡ PPSRXUOHVWDEOHVGHFXLVVRQ
LQGXFWLRQODUJHXUjFP

6DXISRXUOHVWDEOHVODUJHXUFP
PLQPPSRXUWDEOHVDYHFFDGUH
LQR[DLQVLTXHSRXU9,HQ
LQVWDOODWLRQFODVVLTXHPLQPPSRXU
WDEOHVVDQVFDGUHSRXU&;
DYHFFDGUHHWSRXU9,HQ
LQWpJUDWLRQjIOHXUGHSODQPLQPP
SRXUWDEOHV&;VDQVFDGUH
 

,QVWDOODWLRQDYHFG·DXWUHV   HSDVLQVWDOOHUDXGHVVXVG·XQ 
1
DSSDUHLOV ODYHYDLVVHOOHRXG·XQODYHOLQJH

&RPELQDLVRQDYHF$/ ( QSOXVGHVPHVXUHVSUpFLWpHVLOIDXW
SUpYRLUOHVGpFRXSHVVXLYDQWHVHQWUH -RLQWVVLOLFRQHSRXULQVWDOODWLRQGHVWDEOHVGHFXLVVRQjIOHXUGHSODQ
OHPHXEOHHWODKRWWHGHSODQGHWUDYDLO 5pIpUHQFHVjFRPPDQGHUDX6HUYLFH3LqFHV'pWDFKpHV SDUPDLO
SRXUSHUPHWWUHODYHQWLODWLRQGHOD  ERXWLTXHEVK#EVKJFRP 
SODTXHjLQGXFWLRQ
1RLU
$' HYDQWOHFDQDOG·DpUDWLRQ  LVWDQFHGHPPDYHFODSDURL 
' *ULV
DUULqUHG·XQWLURLUG·XQIRXURXGH  $QWKUDFLWH
ODSDURLLQWpULHXUHGXPHXEOH %ODQF
%HLJH
%$ F{WpGXFDQDOG·DpUDWLRQ  ·HVSDFHUHVWDQWHQWUHOHFDQDO
/ *ULV$QWKUDFLWH
G·DpUDWLRQHWOHF{WpGXPHXEOHGRLW 1RLU
UHVWHUGpJDJp

&$ XQLYHDXGHODSDURLDUULqUH   ·HVSDFHHQWUHO·DSSDUHLOHWOHPXUGH


/
GHO·DSSDUHLO PrPHTXHO·HVSDFHHQWUHO·DSSDUHLOHW
OHVROGRLYHQWUHVWHUGpJDJpV
7DEOHVGHFXLVVRQ 

7DEOHGHFXLVVRQYLWURFpUDPLTXH 9DOHXUVGHUDFFRUGHPHQW
6pULH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
&( N:
3UpYRLUXQFkEOHGHUDFFRUGHPHQW
² 6DQVFDGUHSRXUHQFDVWUHPHQW
jIOHXUGHSODQ
² )RQFWLRQ)U\LQJ6HQVRUSRXU
JULOODGHVHWSRrOpHV
² )RQFWLRQ%RRVWHU
² 7ULSOH]RQHGHFXLVVRQH[WHQVLEOH
&(  ࡱ MXVTX
j¡FP
6DQVFDGUH ࡱ+7 ² *UDQGH]RQHGHFXLVVRQSRXU
/DUJHXUFP IDLWRXW
² &RPPDQGHSDUWRXFKHVVHQVLWLYHV
/HSUL[FRPSUHQG DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ
 UDFORLUjYHUUH
=RQHVGHFXLVVRQ
$FFHVVRLUHVHQRSWLRQ ]RQHVGHFXLVVRQ6XSHU4XLFN
*3    ࡱ ‘FP : FRPPXWDEOHVHQ
3RrOH)U\LQJ6HQVRU  ࡱ+7 ]RQHJUDQGIDLWRXWGH[FP
HQLQR[ : 
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH ]RQHGHFXLVVRQ6XSHU4XLFN
GHFXLVVRQ‘FP ‘FP : H[WHQVLEOHHQ‘FP
:DYHF%RRVWHU: 
&RPELQDEOHDYHF ]RQHGHFXLVVRQ6XSHU4XLFN
+RWWHVGHSODIRQG6pULHHW6pULH ‘FP : H[WHQVLEOHHQ
+RWWHGHSODQGHWUDYDLO6pULH ‘FP : RX‘FP
+RWWHvORWHWKRWWHPXUDOH6pULH : 
HW6pULH ]RQHGHFXLVVRQ6XSHU4XLFN
+RWWHWLURLU6pULH ‘FP :DYHF%RRVWHU
*URXSHILOWUDQW6pULH : 

%RQjVDYRLU %DQGHDXGHFRPPDQGH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &RPPDQGHSDUWRXFKHVVHQVLWLYHV
GHFXLVVRQRXDXPLQLPXPGHODPrPH DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ
ODUJHXUTXHOHSODQGHFXLVVRQ 0DUTXDJHGHV]RQHVGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOV &RQWU{OHpOHFWURQLTXHDYHF
G
LQVWDOODWLRQGDQVOHFKDSLWUH SRVLWLRQVGHFXLVVRQ
$SSDUHLOVG
DVSLUDWLRQ
&DUDFWpULVWLTXHV
)RQFWLRQ)U\LQJ6HQVRUSRXU]RQH $'LVWDQFHPLQLPDOHHQWUHODGpFRXSHGHODSODTXHHWOHPXU
GHFXLVVRQGH‘FP
)RQFWLRQ%RRVWHU 0HVXUHVHQPP
&XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV

6pFXULWp
,QWHUUXSWHXUSULQFLSDO
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
3URIRQGHXUG
HQFDVWUHPHQWPP
DXQLYHDXGXERvWLHUGHUDFFRUGHPHQW
PP
/DWDEOHGHFXLVVRQQHGRLWSDVrWUH
LQVWDOOpHSOXVEDVTXHOHGHVVXVGX
SODQGHWUDYDLO
3UpYRLUXQHVSDFHGHPPVRXV
ODFRQQH[LRQpOHFWULTXHGHO
DSSDUHLO
DYHFOHVSDURLVODWpUDOHVRXOHSODQFKHU
LQWHUPpGLDLUH
/DWDEOHGHFXLVVRQGRLWrWUHDFFHVVLEOH
SDUHQGHVVRXVSRXUSRXYRLUUHWLUHUOH
FDLVVRQGHO
DSSDUHLOYHUVHQEDV
,QWpJUDWLRQSRVVLEOHGDQVXQPHXEOH
EDVGHFPGHODUJHXU
/
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
(SDLVVHXUGXSODQGHWUDYDLOSRXUIL[DWLRQ
GHODWDEOHGHFXLVVRQPP
/
pSDLVVHXUGXMRLQWSHXWYDULHU
HQIRQFWLRQGHVWROpUDQFHVGHOD
YLWURFpUDPLTXHHWGHODGpFRXSHGX
SODQGHWUDYDLO
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
HQSDJH
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHGHFXLVVRQYLWURFpUDPLTXH 9DOHXUVGHUDFFRUGHPHQW
6pULH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
&( N:
3UpYRLUXQFkEOHGHUDFFRUGHPHQW
² (QFDGUHPHQWLQR[PDVVLI
² )RQFWLRQ)U\LQJ6HQVRUSRXU
JULOODGHVHWSRrOpHV
² )RQFWLRQ%RRVWHU
² 7ULSOH]RQHGHFXLVVRQH[WHQVLEOH
MXVTX
j‘FP
&(  ࡱ ² *UDQGH]RQHGHFXLVVRQSRXU
&DGUHLQR[  ࡱ+7 IDLWRXW
/DUJHXUFP ² &RPPDQGHSDUWRXFKHVVHQVLWLYHV
DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ
/HSUL[FRPSUHQG
 UDFORLUjYHUUH =RQHVGHFXLVVRQ
]RQHVGHFXLVVRQ6XSHU4XLFN
$FFHVVRLUHVHQRSWLRQ ‘FP : FRPPXWDEOHVHQ
*3    ࡱ ]RQHJUDQGIDLWRXWGH[FP
3RrOH)U\LQJ6HQVRU  ࡱ+7 : 
HQLQR[ ]RQHGHFXLVVRQ6XSHU4XLFN
5HYrWHPHQWDQWLDGKpUHQWSRXU]RQH ‘FP : H[WHQVLEOHHQ‘FP
GHFXLVVRQ‘FP :DYHF%RRVWHU: 
]RQHGHFXLVVRQ6XSHU4XLFN
&RPELQDEOHDYHF ‘FP : H[WHQVLEOHHQ
+RWWHVGHSODIRQG6pULHHW6pULH ‘FP : RX‘FP : 
+RWWHGHSODQGHWUDYDLO6pULH ]RQHGHFXLVVRQ6XSHU4XLFN
+RWWHvORWHWKRWWHPXUDOH6pULH ‘FP :DYHF%RRVWHU
HW6pULH : 
+RWWHWLURLU6pULH
*URXSHILOWUDQW6pULH %DQGHDXGHFRPPDQGH
&RPPDQGHSDUWRXFKHVVHQVLWLYHV
%RQjVDYRLU DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 0DUTXDJHGHV]RQHVGHFXLVVRQ
GHFXLVVRQRXDXPLQLPXPGHODPrPH &RQWU{OHpOHFWURQLTXHDYHF
ODUJHXUTXHOHSODQGHFXLVVRQ SRVLWLRQVGHFXLVVRQ
0HUFLGHFRQVXOWHUOHVFRQVHLOV
G
LQVWDOODWLRQGDQVOHFKDSLWUH &DUDFWpULVWLTXHV
$SSDUHLOVG
DVSLUDWLRQ )RQFWLRQ)U\LQJ6HQVRUSRXU]RQHGH
FXLVVRQGH‘FP
)RQFWLRQ%RRVWHU
&XLVVRQVSURJUDPPDEOHVMXVTX
j
PLQXWHV
0LQXWHULHLQGpSHQGDQWH
0HQXG
RSWLRQVSHUVRQQDOLVpHV $'LVWDQFHPLQLPDOHHQWUHODGpFRXSHGHODSODTXHHWOHPXU

0HVXUHVHQPP
6pFXULWp
,QWHUUXSWHXUSULQFLSDO
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
3URIRQGHXUG
HQFDVWUHPHQWPP
DXQLYHDXGXERvWLHUGHUDFFRUGHPHQW
PP
3UpYRLUXQHVSDFHGHPPVRXV
ODFRQQH[LRQpOHFWULTXHGHO
DSSDUHLO
DYHFOHVSDURLVODWpUDOHVRXOHSODQFKHU
LQWHUPpGLDLUH
/DWDEOHGHFXLVVRQGRLWrWUHDFFHVVLEOH
SDUHQGHVVRXVSRXUSRXYRLUUHWLUHUOH
FDLVVRQGHO
DSSDUHLOYHUVHQEDV
,QWpJUDWLRQSRVVLEOHGDQVXQPHXEOH
EDVGHFPGHODUJHXU
/
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
(SDLVVHXUGXSODQGHWUDYDLOSRXU
IL[DWLRQGHODWDEOHGHFXLVVRQ
PP
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
HQSDJH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

7DEOHGHFXLVVRQYLWURFpUDPLTXH
6pULH
&(

² (QFDGUHPHQWLQR[PDVVLI
² &RPPDQGHSDUWRXFKHVVHQVLWLYHV
DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ

=RQHVGHFXLVVRQ
]RQHGHFXLVVRQ6XSHU4XLFN
‘FP : H[WHQVLEOHHQ]RQH
IDLWRXWGH[FP : 
]RQHGHFXLVVRQ6XSH4XLFN
‘FP : H[WHQVLEOHHQ
&(  ࡱ ‘FP :DYHF%RRVWHU
&DGUHLQR[  ࡱ+7 : 
/DUJHXUFP ]RQHGHFXLVVRQ6XSHU4XLFN
‘FP : 
/HSUL[FRPSUHQG ]RQHGHFXLVVRQ6XSHU4XLFN
 UDFORLUjYHUUH ‘FP : 

&RPELQDEOHDYHF %DQGHDXGHFRPPDQGH
+RWWHVGHSODIRQG6pULHHW6pULH &RPPDQGHSDUWRXFKHVVHQVLWLYHV
+RWWHGHSODQGHWUDYDLO6pULH DYHFVpOHFWLRQGLUHFWHGHODSRVLWLRQ
+RWWHvORWHWKRWWHPXUDOH6pULH 0DUTXDJHGHV]RQHVGHFXLVVRQ
HW6pULH &RQWU{OHpOHFWURQLTXHDYHF
+RWWHWLURLU6pULH SRVLWLRQVGHFXLVVRQ
*URXSHILOWUDQW6pULH $'LVWDQFHPLQLPDOHHQWUHODGpFRXSHGHODSODTXHHWOHPXU
&DUDFWpULVWLTXHV
%RQjVDYRLU )RQFWLRQ%RRVWHU 0HVXUHVHQPP
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ &XLVVRQVSURJUDPPDEOHVMXVTX
j
GHFXLVVRQRXDXPLQLPXPGHODPrPH PLQXWHV
ODUJHXUTXHOHSODQGHFXLVVRQ 0LQXWHULHLQGpSHQGDQWH
0HUFLGHFRQVXOWHUOHVFRQVHLOV 0HQXG
RSWLRQVSHUVRQQDOLVpHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH
$SSDUHLOVG
DVSLUDWLRQ 6pFXULWp
,QWHUUXSWHXUSULQFLSDO
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ
7pPRLQGHFKDOHXUUpVLGXHOOHj
QLYHDX[
6pFXULWpHQIDQWV
&RXSXUHGHVpFXULWp

&RQVHLOVG
LQVWDOODWLRQ
3URIRQGHXUG
HQFDVWUHPHQWPP
DXQLYHDXGXERvWLHUGHUDFFRUGHPHQW
PP
3UpYRLUXQHVSDFHGHPPVRXV
ODFRQQH[LRQpOHFWULTXHGHO
DSSDUHLO
DYHFOHVSDURLVODWpUDOHVRXOHSODQFKHU
LQWHUPpGLDLUH
/DWDEOHGHFXLVVRQGRLWrWUHDFFHVVLEOH
SDUHQGHVVRXVSRXUSRXYRLUUHWLUHUOH
FDLVVRQGHO
DSSDUHLOYHUVHQEDV
,QWpJUDWLRQSRVVLEOHGDQVXQPHXEOH
EDVGHFPGHODUJHXU
/
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
(SDLVVHXUGXSODQGHWUDYDLOSRXU
IL[DWLRQGHODWDEOHGHFXLVVRQPP
3RLGVGHO
DSSDUHLOHQYLUNJ

&RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
HQSDJH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
N:
3UpYRLUXQFkEOHGHUDFFRUGHPHQW

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
 7DEOHGHFXLVVRQJD]6pULH &RQVHLOVG
LQVWDOODWLRQ
&*  /HVHWG
HQFDVWUHPHQWSHXWrWUHHQYR\p
VpSDUpPHQWDXIRXUQLVVHXUGXSODQGH
² EU€OHXUVPXOWLFRXURQQHVMXVTX
j WUDYDLOHQLQR[RXHQSLHUUHSRXU
N: DMXVWHPHQW
² 5pJXODWLRQWRXWpOHFWURQLTXHGHOD 'HVLQMHFWHXUVVSpFLDX[SHXYHQWrWUH
SXLVVDQFHHQSRVLWLRQVGH FRPPDQGpVFRPPHSLqFHVGH
FXLVVRQ UHFKDQJH
² 7DLOOHGHIODPPHSUpFLVHHW 3UpYRLUXQHFRQQH[LRQpOHFWULTXH
UHSURGXFWLEOH O
DSSDUHLOQ
HVWSDVIRQFWLRQQHOVDQV
&*  )  ࡱ ² $OOXPDJHDXWRPDWLTXHHWUDSLGH UDFFRUGHPHQWpOHFWULTXH 
,QR[  ࡱ+7 FRQWU{OHpOHFWURQLTXHGHODIODPPH 3RVVLELOLWpGHSRVLWLRQQHPHQW
/DUJHXUFP DYHFUpDOOXPDJHDXWRPDWLTXHHQ KRUL]RQWDOGHVERXWRQVSRXUXQ
*D]EXWDQHSURSDQHPEDU FDVG
H[WLQFWLRQDFFLGHQWHOOHGHOD DOLJQHPHQWDYHFOHVEU€OHXUV
%U€OHXU:RNN: IODPPH 6LO
pSDLVVHXUGXSDQQHDXGHIDoDGH
&*    ࡱ ² )RQFWLRQPLMRWDJHSRXUGHV HVWVXSpULHXUHjPPVHUpIpUHUDX
,QR[  ࡱ+7 FXLVVRQVjWHPSpUDWXUHEDVVHHW VFKpPD0RQWDJHGHVERXWRQVGH
/DUJHXUFP UpJXOLqUH FRPPDQGH LOIDXWpYLGHUjO
DUULqUHGX
*D]QDWXUHOPEDU ² *ULOOHVHQIRQWHKDXWHVWDELOLWpj SDQQHDX 
%U€OHXU:RNN: IOHXUGHSODQGHWUDYDLO 3URIRQGHXUPLQLPDOHGXSODQGHWUDYDLO
² %RXWRQGHFRPPDQGHHQLQR[ FP
/HSUL[FRPSUHQG PDVVLI 3ULVHG
DLUSDUOHKDXW
 DQQHDXSRXU:2. 3DVGHSODQFKHULQWHUPpGLDLUH
=RQHVGHFXLVVRQ QpFHVVDLUH
$FFHVVRLUHVG
LQVWDOODWLRQREOLJDWRLUHV &*) /HFDGUHPRQWpVpSDUpPHQWVXUOHSODQ
&$    ࡱ %U€OHXU:RNWULSOHFRXURQQHGH GHWUDYDLOSHUPHWXQDFFqVWRWDOj
6HWG
HQFDVWUHPHQW  ࡱ+7 IODPPHV :: SRXUGHV WRXWHVOHVSLqFHV
FRPSUHQDQWXQFDGUHGpFRU SRXYDQW FDVVHUROHVMXVTX
jPD[L‘FP /DSDURLDUULqUHHWOHVSURILOpVGH
rWUHVRXGp HWXQFDGUHG
HQFDVWUHPHQW %U€OHXUVSXLVVDQWVGRXEOHFRXURQQH ILQLWLRQPXUDOHGRLYHQWUpVLVWHUjOD
 GHIODPPHV :: SRXU FKDOHXUHWrWUHHQPDWpULDXLQLQIODP
$FFHVVRLUHVHQRSWLRQ GHVFDVVHUROHVMXVTX
jPD[L‘FP PDEOH
:3    ࡱ %U€OHXUVGRXEOHFRXURQQHGH /
DSSDUHLOSHXWrWUHIL[pSDUDXGHVVXV
3RrOH:RNHQLQR[  ࡱ+7 IODPPHV :: SRXUGHV 'LVWDQFHODWpUDOHPLQLPDOHGHPP
PXOWLFRXFKHV FDVVHUROHVMXVTX
jPD[L‘FP DYHFOHVPHXEOHVODWpUDX[SRXU
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH SURWHFWLRQFRQWUHFKDXIIHRXSUpYRLU
FPOLWUHVKDXWHXUFP &* LVRODWLRQVXSSOpPHQWDLUH
 %U€OHXU:RNWULSOHFRXURQQHGH /RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
&RPELQDEOHDYHF IODPPHV :: SRXUGHV FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
+RWWHVGHSODIRQG6pULHHW6pULH FDVVHUROHVMXVTX
jPD[L‘FP HVWVXSpULHXUHjN:LOIDXW
+RWWHGHSODQGHWUDYDLO6pULH %U€OHXUVSXLVVDQWVGRXEOHFRXURQQH UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
+RWWHvORWHWKRWWHPXUDOH6pULH GHIODPPHV :: SRXU FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
+RWWHWLURLU6pULH GHVFDVVHUROHVMXVTX
jPD[L‘FP VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
*URXSHILOWUDQW6pULH %U€OHXUVGRXEOHFRXURQQHGH HQpYDFXDWLRQH[WpULHXUHRXHQ
IODPPHV :: SRXUGHV UHF\FODJH/DGLVWDQFHPLQLPDOHHQWUH
%RQjVDYRLU FDVVHUROHVMXVTX
jPD[L‘FP ODWDEOHGHFXLVVRQJD]GHSOXVGH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ N:HWODKRWWHGRLWrWUHGHFP
GHFXLVVRQRXDXPLQLPXPGHODPrPH %DQGHDXGHFRPPDQGH /DFRPELQDLVRQDYHFXQDpUDWHXUGH
ODUJHXUTXHOHSODQGHFXLVVRQ %RXWRQVGHFRPPDQGHDYHFDQQHDX SODQ9/Q
HVWSDVUHFRPPDQGpH
0HUFLGHFRQVXOWHUOHVFRQVHLOV OXPLQHX[LQGLFDWLRQGHV]RQHVGH ODSXLVVDQFHG
H[WUDFWLRQQ
HVWSDV
G
LQVWDOODWLRQGDQVOHFKDSLWUH FXLVVRQHWPDUTXDJHGHVSXLVVDQFHV JDUDQWLHFDUOHEU€OHXUFHQWUDOHVWWURS
$SSDUHLOVG
DVSLUDWLRQ $OOXPDJHXQHPDLQ GLVWDQW
&RQWU{OHWRXWpOHFWURQLTXHSRXUXQH 3RLGVGHO
DSSDUHLOHQYLUNJ
UpJXODWLRQSUpFLVHGHVQLYHDX[GH
SXLVVDQFHHWGHODIRQFWLRQPLMRWDJH 9DOHXUVGHUDFFRUGHPHQW
$OOXPDJHUDSLGHDXWRPDWLTXH 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
N:
&DUDFWpULVWLTXHV 3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
)RQFWLRQPLMRWDJH WRWDOH:
JULOOHVHQIRQWHSODQHVjIOHXUGH &kEOHPDYHFSULVH
SODQGDQVO
DOLJQHPHQWGXSODQGH
WUDYDLO
%U€OHXUVHQODLWRQ

6pFXULWp
&RQWU{OHpOHFWURQLTXHGHODIODPPHHW
UpDOOXPDJHDXWRPDWLTXHHQFDV
G
H[WLQFWLRQDFFLGHQWHOOHGHODIODPPH
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
&RXSXUHGHVpFXULWp

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

Montage des boutons de commande


7DEOHGHFXLVVRQJD]6pULH 'LVWDQFHODWpUDOHPLQLPDOHGHPP
9*  DYHFOHVPHXEOHVODWpUDX[SRXU
SURWHFWLRQFRQWUHFKDXIIHRXSUpYRLU
² %DQGHDXGHFRPPDQGHLQWpJUp LVRODWLRQVXSSOpPHQWDLUH
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH /RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
HWVpFXULVpH FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
² 5pJXODWLRQPpFDQLTXHGHOD HVWVXSpULHXUHjN:LOIDXW
SXLVVDQFHDYHFUpJODJHSUpFLVHW UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
UHSURGXFWLEOHGHODWDLOOHGHOD FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
IODPPHVXUQLYHDX[GHSXLVVDQFH VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
9*)  ࡱ ² %U€OHXUPXOWLFRXURQQHVHQODLWRQ HQpYDFXDWLRQH[WpULHXUHRXHQ
%DQGHDXGH  ࡱ+7  UREXVWHHWUpVLVWDQWDX[KDXWHV UHF\FODJH
FRPPDQGHLQR[ WHPSpUDWXUHVFRPPHGDQVOHV /DGLVWDQFHPLQLPDOHHQWUHODWDEOHGH
/DUJHXUFP FXLVLQHVSURIHVVLRQQHOOHV FXLVVRQJD]GHSOXVGHN:HWOD
*D]EXWDQHSURSDQHPEDU ² *ULOOHVHQIRQWHKDXWHVWDELOLWp KRWWHGRLWrWUHGHFP
%U€OHXU:RNN: ² -XVTX
jN:SRXUEU€OHXUV 3RLGVGHO
DSSDUHLOHQYLUNJ
9*    ࡱ
%DQGHDXGH  ࡱ+7  =RQHVGHFXLVVRQ 9DOHXUVGHUDFFRUGHPHQW
FRPPDQGHLQR[ 9*) 3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
/DUJHXUFP EU€OHXU:RNPXOWLFRXURQQHV : N:
*D]QDWXUHOPEDU : SRXUGHVFDVVHUROHVMXVTX
j 3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
%U€OHXU:RNN: ‘FP WRWDOH:
EU€OHXUVWUqVSXLVVDQWVjGRXEOH &kEOHGHUDFFRUGHPHQWPDYHF
/HSUL[FRPSUHQG FRXURQQHGHIODPPHV : SULVH
DQQHDXSRXU:2. : SRXUFDVVHUROHVMXVTX
j
¡FP
$FFHVVRLUHVHQRSWLRQ EU€OHXUVjGRXEOHFRXURQQHGH
:3    ࡱ IODPPHV :: SRXU
3RrOH:RNHQLQR[  ࡱ+7 FDVVHUROHVMXVTX
j¡FP
PXOWLFRXFKHV 
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH 9*
FPOLWUHVKDXWHXUFP EU€OHXU:RNPXOWLFRXURQQHV :
: SRXUGHVFDVVHUROHVMXVTX
j
&RPELQDEOHDYHF ‘FP
+RWWHVGHSODIRQG6pULH EU€OHXUVWUqVSXLVVDQWVjGRXEOH
+RWWHVGHSODIRQG6pULH$& FRXURQQHGHIODPPHV :
HW$& : SRXUFDVVHUROHVMXVTX
j
+RWWHvORWHWKRWWHPXUDOH6pULH ¡FP
HW6pULH EU€OHXUVjGRXEOHFRXURQQHGH
+RWWHWLURLU6pULH IODPPHV :: SRXU
*URXSHILOWUDQW6pULH FDVVHUROHVMXVTX
j¡FP

%DQGHDXGHFRPPDQGH
%RQjVDYRLU %RXWRQVGHFRPPDQGHDYHFDQQHDX
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ OXPLQHX[
GHFXLVVRQRXDXPLQLPXPGHODPrPH %DQGHDXGHFRPPDQGHLQWpJUp
ODUJHXUTXHOHSODQGHFXLVVRQ $OOXPDJHXQHPDLQ
0HUFLGHFRQVXOWHUOHVFRQVHLOV $OOXPDJHpOHFWURQLTXH
G
LQVWDOODWLRQGDQVOHFKDSLWUH 
$SSDUHLOVG
DVSLUDWLRQ &DUDFWpULVWLTXHV
JULOOHVHQIRQWHKDXWHVWDELOLWp
%U€OHXUVHQODLWRQ

6pFXULWp
6pFXULWpWKHUPRFRXSOH
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ

&RQVHLOVG
LQVWDOODWLRQ
9*)
,QMHFWHXUVVSpFLDX[SRXUJD]QDWXUHO
PEDUSHXYHQWrWUHFRPPDQGpVDX
VHUYLFHGHVSLqFHVGpWDFKpHV

9*
,QMHFWHXUVVSpFLDX[SRXUJD]EXWDQH
SURSDQHPEDUSHXYHQWrWUH
FRPPDQGpVDXVHUYLFHSLqFHV
GpWDFKpHV

3DVGHSODQFKHULQWHUPpGLDLUH
QpFHVVDLUH
/
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
WUDYDLOSDUOHGHVVXV
/DSDURLDUULqUHHWOHVSURILOpVGH
ILQLWLRQPXUDOHGRLYHQWUpVLVWHU
jODFKDOHXUHWrWUHHQPDWpULDX
LQLQIODPPDEOH
,QWpJUDWLRQGDQVXQPHXEOHGHODUJHXU
PLQLPDOHFP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

 7DEOHGHFXLVVRQJD]6pULH
&* 

² 5pJXODWLRQPpFDQLTXHGHOD
SXLVVDQFHVXUQLYHDX[
² 5pJODJHSUpFLVHWUHSURGXFWLEOH
GHODWDLOOHGHODIODPPH

=RQHVGHFXLVVRQ
EU€OHXU:RNPXOWLFRXURQQHV
&*    ࡱ :: 
,QR[  ࡱ+7 EU€OHXUSXLVVDQW :: 
/DUJHXUFP SRXUFDVVHUROHVMXVTX
j‘PD[FP
*D]QDWXUHOPEDU EU€OHXUVQRUPDX[ :: 
,QMHFWHXUVSRXUJD]EXWDQHSURSDQH SRXUFDVVHUROHVMXVTX
j‘PD[FP
PEDULQFOXV EU€OHXUpFRQRPLTXH :
: SRXUFDVVHUROHVMXVTX
j
/HSUL[FRPSUHQG ‘PD[FP
 FURL[GHVXSSRUWSRXUHVSUHVVR
 DQQHDXSRXU:2. %DQGHDXGHFRPPDQGH
%RXWRQVGHFRPPDQGHDYHFPDUTXDJH
$FFHVVRLUHVHQRSWLRQ GHV]RQHVHWGHVSXLVVDQFHVGH
:3    ࡱ FXLVVRQ
3RrOH:RNHQLQR[  ࡱ+7 $OOXPDJHXQHPDLQ
PXOWLFRXFKHV $OOXPDJHpOHFWURQLTXH
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH
FPOLWUHVKDXWHXUFP &DUDFWpULVWLTXHV
6XSSRUWFDVVHUROHVHQIRQWHHQWURLV
&RPELQDEOHDYHF SDUWLHVDYHFXQHVXUIDFHFRQWLQXH
+RWWHVGHSODIRQG6pULHHW6pULH &KDSHDX[GHEU€OHXUVpPDLOOpV
+RWWHvORWHWKRWWHPXUDOH6pULH
HW6pULH 6pFXULWp
+RWWHWLURLU6pULH 6pFXULWpWKHUPRFRXSOH
*URXSHILOWUDQW6pULH
&RQVHLOVG
LQVWDOODWLRQ
%RQjVDYRLU 7DEOHGHFXLVVRQSRXUXQHLQVWDOODWLRQ
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ FODVVLTXHVXUOHSODQGHWUDYDLO
GHFXLVVRQRXDXPLQLPXPGHODPrPH 'HVLQMHFWHXUVVSpFLDX[SHXYHQWrWUH
ODUJHXUTXHOHSODQGHFXLVVRQ FRPPDQGpVFRPPHSLqFHVGH
0HUFLGHFRQVXOWHUOHVFRQVHLOV UHFKDQJH
G
LQVWDOODWLRQGDQVOHFKDSLWUH (QFDVWUHPHQWGDQVXQHGpFRXSHGH
$SSDUHLOVG
DVSLUDWLRQ PPRXGHPPVLOHV
HQWUHWRLVHVIRXUQLHVVRQWXWLOLVpHV
3ULVHG
DLUSDUOHKDXW
3UpYRLUXQSODQFKHULQWHUPpGLDLUH
/
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
'LVWDQFHPLQLPDOHGHPPDYHFOH
PXURXOHVPHXEOHVDGMDFHQWVRX
SUpYRLUXQHLVRODWLRQWKHUPLTXH
VXSSOpPHQWDLUH
/RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
HVWVXSpULHXUHjN:LOIDXW
UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
HQpYDFXDWLRQH[WpULHXUHRXHQ
UHF\FODJH
/DGLVWDQFHPLQLPDOHHQWUHODWDEOHGH
FXLVVRQJD]GHSOXVGHN:HWOD
KRWWHGRLWrWUHGHFP
3RLGVGHO
DSSDUHLOHQYLUNJ

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
N:
&kEOHGHUDFFRUGHPHQWPVDQV
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHGHFXLVVRQJD]6pULH
&* 

² 5pJXODWLRQPpFDQLTXHGHOD
SXLVVDQFHVXUQLYHDX[
² 5pJODJHSUpFLVHWUHSURGXFWLEOHGH
ODWDLOOHGHODIODPPH

=RQHVGHFXLVVRQ
EU€OHXU:RNPXOWLFRXURQQHV
:: 
EU€OHXUSXLVVDQW :: 
SRXUGHVFDVVHUROHVMXVTX
j
‘PD[FP
&*    ࡱ EU€OHXU :: SRXUGHV
,QR[  ࡱ+7 FDVVHUROHVMXVTX
j‘PD[FP
/DUJHXUFP EU€OHXUpFRQRPLTXH
*D]QDWXUHOPEDU :²: FRQYLHQWSRXUGHV
,QMHFWHXUVSRXUJD]EXWDQHSURSDQH FDVVHUROHVMXVTX
j‘PD[FP
PEDULQFOXV
%DQGHDXGHFRPPDQGH
/HSUL[FRPSUHQG %RXWRQVGHFRPPDQGHDYHFPDUTXDJH
 FURL[GHVXSSRUWSRXUHVSUHVVR GHV]RQHVHWGHVSXLVVDQFHVGH
 DQQHDXSRXU:2. FXLVVRQ
$OOXPDJHXQHPDLQ
$FFHVVRLUHVHQRSWLRQ $OOXPDJHpOHFWURQLTXH
:3    ࡱ
3RrOH:RNHQLQR[  ࡱ+7 &DUDFWpULVWLTXHV
PXOWLFRXFKHV JULOOHVHQIRQWHVXUIDFHSODQHKDXWH
$YHFSRLJQpHHWIRQGDUURQGLGLDPqWUH VWDELOLWp
FPOLWUHVKDXWHXUFP &KDSHDX[GHEU€OHXUVpPDLOOpV

&RPELQDEOHDYHF 6pFXULWp
+RWWHVGHSODIRQG6pULHHW6pULH 6pFXULWpWKHUPRFRXSOH
+RWWHvORWHWKRWWHPXUDOH6pULH
HW6pULH &RQVHLOVG
LQVWDOODWLRQ
+RWWHWLURLU6pULH 7DEOHGHFXLVVRQSRXUXQHLQVWDOODWLRQ
*URXSHILOWUDQW6pULH FODVVLTXHVXUOHSODQGHWUDYDLO
'HVLQMHFWHXUVVSpFLDX[SHXYHQWrWUH
%RQjVDYRLU FRPPDQGpVFRPPHSLqFHVGH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ UHFKDQJH
GHFXLVVRQRXDXPLQLPXPGHODPrPH ,QVWDOODWLRQGDQVXQHGpFRXSH
ODUJHXUTXHOHSODQGHFXLVVRQ VWDQGDUGGHODUJHXUFP
0HUFLGHFRQVXOWHUOHVFRQVHLOV 3ULVHG
DLUSDUOHKDXW
G
LQVWDOODWLRQGDQVOHFKDSLWUH 3UpYRLUXQSODQFKHULQWHUPpGLDLUH
$SSDUHLOVG
DVSLUDWLRQ 9pULILHUODSRVLWLRQGHO
DUULYpHGXJD]
SRXUO
LQVWDOODWLRQG
XQWLURLU
/
DSSDUHLOGRLWrWUHIL[pSDUHQGHVVRXV
'LVWDQFHODWpUDOHPLQLPDOHGHPP
DYHFOHVPHXEOHVODWpUDX[SRXU
SURWHFWLRQFRQWUHFKDXIIHRXSUpYRLU
XQHLVRODWLRQVXSSOpPHQWDLUH
3RLGVGHO
DSSDUHLOHQYLUNJ

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
N:
&kEOHGHUDFFRUGHPHQWPVDQV
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
7DEOHVGHFXLVVRQ 

9DULRJD]6pULH
9* 

² &RPELQDEOHDYHFOHVDXWUHVWDEOHV
GHFXLVVRQGHOD6pULHHQ
SDUIDLWHKDUPRQLH
² %DQGHDXGHFRPPDQGHLQWpJUp
SRXUXQHPDQLSXODWLRQFRQIRUWDEOH
HWVpFXULVpH
² 5pJXODWLRQPpFDQLTXHGHOD
SXLVVDQFHDYHFUpJODJHSUpFLV
HWUHSURGXFWLEOHGHODWDLOOHGHOD
IODPPHVXUQLYHDX[GHSXLVVDQFH
9*)  ࡱ ² JULOOHVHQIRQWHVXUIDFHSODQH
%DQGHDXGH  ࡱ+7  IDFLOLWHQWOHGpSODFHPHQWGHV
FRPPDQGHQRLU FDVVHUROHVHQWRXWHVpFXULWp
/DUJHXUFP ² N:VXUEU€OHXUV
*D]EXWDQHSURSDQHPEDU
9*    ࡱ =RQHVGHFXLVVRQ
%DQGHDXGH  ࡱ+7  EU€OHXUVSXLVVDQWV :: 
FRPPDQGHQRLU SRXUGHVFDVVHUROHVMXVTX
j‘FP
/DUJHXUFP EU€OHXUV :: SRXUGHV
*D]QDWXUHOPEDU FDVVHUROHVMXVTX
j‘FP

$FFHVVRLUHVG
LQVWDOODWLRQ %DQGHDXGHFRPPDQGH
99    ࡱ %RXWRQVGHFRPPDQGHDYHFDQQHDX
%DUUHWWHGHMRQFWLRQ  ࡱ+7 OXPLQHX[
'LVWDQFHPLQLPDOHHQWUHODGpFRXSHGHO
DSSDUHLOHWODSDURLODWpUDOHPP
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV %DQGHDXGHFRPPDQGHLQWpJUp
9DULRGHFXLVVRQGHOD6pULH $OOXPDJHXQHPDLQ
0HVXUHVHQPP
99    ࡱ $OOXPDJHpOHFWURQLTXH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV &DUDFWpULVWLTXHV
9DULRGHFXLVVRQGHOD6pULH JULOOHVHQIRQWHVXUIDFHSODQH
 KDXWHVWDELOLWp
&RPELQDEOHDYHF &KDSHDX[GHEU€OHXUVpPDLOOpV
+RWWHVGHSODIRQG6pULHHW6pULH 
+RWWHvORWHWKRWWHPXUDOH6pULH 6pFXULWp
HW6pULH 6pFXULWpWKHUPRFRXSOH
+RWWHWLURLU6pULH ,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
*URXSHILOWUDQW6pULH 7pPRLQOXPLQHX[GHPLVHVRXVWHQVLRQ

%RQjVDYRLU &RQVHLOVG
LQVWDOODWLRQ
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 9*)
GHFXLVVRQRXDXPLQLPXPGHODPrPH ,QMHFWHXUVVSpFLDX[SRXUJD]QDWXUHO
ODUJHXUTXHOHSODQGHFXLVVRQ PEDUSHXYHQWrWUHFRPPDQGpVDX
0HUFLGHFRQVXOWHUOHVFRQVHLOV VHUYLFHGHVSLqFHVGpWDFKpHV
G
LQVWDOODWLRQGDQVOHFKDSLWUH
$SSDUHLOVG
DVSLUDWLRQ 9*
,QMHFWHXUVVSpFLDX[SRXUJD]EXWDQH
SURSDQHPEDUSHXYHQWrWUH
FRPPDQGpVDXVHUYLFHGHVSLqFHV
GpWDFKpHV

3DVGHSODQFKHULQWHUPpGLDLUH
QpFHVVDLUH
/
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
WUDYDLOSDUOHGHVVXV
'LVWDQFHODWpUDOHPLQLPDOHGH
PPDYHFOHVPHXEOHVODWpUDX[
SRXUSURWHFWLRQFRQWUHFKDXIIHRX
SUpYRLUXQHLVRODWLRQVXSSOpPHQWDLUH
/RUVGHO
LQVWDOODWLRQG
DSSDUHLOVGH
FXLVVRQJD]GRQWODSXLVVDQFHWRWDOH
HVWVXSpULHXUHjN:LOIDXW
UHVSHFWHUODUqJOHPHQWDWLRQORFDOH
FRQFHUQDQWODYHQWLODWLRQGHODSLqFH
VRQYROXPHHWO
LQVWDOODWLRQG
XQHKRWWH
HQpYDFXDWLRQH[WpULHXUHRXHQ
UHF\FODJH
/DGLVWDQFHPLQLPDOHHQWUHODWDEOH
GHFXLVVRQJD]GHSOXVGHN:HW
ODKRWWHGRLWrWUHGHFP
3RLGVGHO
DSSDUHLOHQYLUNJ

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOHJD]
N:N:
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH
WRWDOH::
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH



/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$FFHVVRLUHVSRXUWDEOHVGHFXLVVRQ

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
*1 ࡱ 9$ ࡱ
7HSSDQ<DNL ࡱ+7 %DUUHWWHGHMRQFWLRQ ࡱ+7
IDLWGHFRXFKHVGHPpWDO*DVWUR SRXULQVWDOODWLRQjIOHXUGHSODQGH
1RUPSRXUSODTXHLQGXFWLRQ)XOO SOXVLHXUVDSSDUHLOV9DULR6pULH
=RQH&;
/;3;+[[PP
9$ ࡱ
%DUUHWWHGHMRQFWLRQ ࡱ+7
*1 ࡱ SRXULQVWDOODWLRQFODVVLTXHVXU
7HSSDQ<DNL ࡱ+7 OHSODQGHWUDYDLOGHSOXVLHXUV
IDLWGHFRXFKHVGHPpWDO*DVWUR DSSDUHLOV9DULR6pULH
1RUPSRXUSODTXHLQGXFWLRQ)XOO
=RQH&;
/;3;+[[PP 99 ࡱ
%DUUHWWHGHMRQFWLRQ ࡱ+7
&$   ࡱ HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV
7HSSDQ<DNL ࡱ+7 9DULRGHFXLVVRQGHOD6pULH
PXOWLFRXFKHV
3RXUWDEOHVGHFXLVVRQ)OH[,QGXFWLRQ
99 ࡱ
%DUUHWWHGHMRQFWLRQ ࡱ+7
&$  ࡱ QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV
3ODTXHjJULOOHU ࡱ+7 9DULRGHFXLVVRQGHOD6pULH
HQIRQWHG
DOXPLQLXP
5HYrWHPHQWDQWLDGKpVLI
3RXUWDEOHVGHFXLVVRQ)OH[,QGXFWLRQ

&$  ࡱ &$ ࡱ
6HQVRUGHFXLVVRQ ࡱ+7 .LWGHUHF\FODJH ࡱ+7
SRXUUpJODJHGHODWHPSpUDWXUHGDQV VDQVJDLQHVSRXU&9&9
OHVFDVVHUROHV &RPSRVpGHILOWUHV&OHDQ$LUSRXU
 XQHUpGXFWLRQHIILFDFHGHVRGHXUV
 HWG
XQDGDSWDWHXUWpOHVFRSLTXH

&$  ࡱ
%RXWRQPDJQpWLTXH ࡱ+7
7ZLVW3DGQRLU
 &$ ࡱ
.LWGHUHF\FODJH ࡱ+7
SRXUJXLGDJHGHO
DLUSRXU
&9&9
&RPSRVpGHILOWUHV&OHDQ$LUSRXU
*3 ࡱ XQHUpGXFWLRQHIILFDFHGHVRGHXUV
3RrOH)U\LQJ6HQVRU ࡱ+7 G
XQGLIIXVHXUG
DLUHWGHUXEDQDGKpVLI
SRXU]RQHGH¡FP

*3 ࡱ
3RrOH)U\LQJ6HQVRU ࡱ+7
SRXU]RQHGH¡FP &$ ࡱ
ILOWUHVDFRXVWLTXHV ࡱ+7
*3 ࡱ SRXU&9&9
3RrOH)U\LQJ6HQVRU ࡱ+7
SRXU]RQHGH¡FP

*3 ࡱ
3RrOH)U\LQJ6HQVRU ࡱ+7
SRXU]RQHGHFXLVVRQ¡FP &$ ࡱ
ILOWUHV&OHDQ$LU ࡱ+7
GHUHPSODFHPHQWSRXU&9
&9

:3 ࡱ
3RrOH:RN ࡱ+7
DYHFSRLJQpHHWIRQGDUURQGL¡FP
KFPFRQWHQDQFHO $' ࡱ
&RPSDWLEOHDYHFEU€OHXUV:RNJD] &RXGHFRXUWƒ ࡱ+7
JDLQHSODWH¡PPSRXULQVWDOODWLRQ
GH&9&9GDQVSODQGH
:= ࡱ WUDYDLOSURIRQGHXUFPHQpYDFXDWLRQ
6XSSRUWDGDSWDWHXU ࡱ+7 H[WpULHXUHRXUHF\FODJHDYHFJDLQHV
SRXUSRrOH:RN
8WLOLVDEOHXQLTXHPHQWVXU9DULR
LQGXFWLRQ:RN
$'  ࡱ
&RXGHH[WUDFRXUWƒ ࡱ+7
&$ ࡱ JDLQHSODWH¡PPSRXULQVWDOODWLRQ
6HWG·HQFDVWUHPHQW ࡱ+7 GH&9&9GDQVSODQGH
FRPSUHQDQWXQFDGUHGpFRUHWXQ WUDYDLOSURIRQGHXUFPHQpYDFXDWLRQ
FDGUHG·HQFDVWUHPHQW SRXYDQWrWUH H[WpULHXUHRXUHF\FODJHDYHFJDLQHV
VRXGpjXQSODQGHWUDYDLOHQLQR[ 

/LYUDEOHjSDUWLUGH0DL
5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
7DEOHVYLWURFpUDPLTXH6pULH 7DEOHVGHFXLVVRQ 

7\SHG
DSSDUHLO 7DEOHYLWURFpUDPLTXH 7DEOHYLWURFpUDPLTXH
6DQVFDGUHSRXULQVWDOODWLRQjYHXUGHSODQ &(
&DGUHLQR[ &( &(
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQ
(FUDQVHQVLWLI7)7&RPPDQGH7ZLVW3DG7RXFKHVVHQVLWLYHV ²²‡ ²²‡
%RXWRQVGHFRPPDQGHHQIDoDGHEDQGHDXGHFRPPDQGHLQWpJUp ²² ²²
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQ  
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : 
 ²
H[WHQVLEOHHQ]RQHIDLWRXW[FP :
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : ² 
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : 
² 
]RQHIDLWRXW[FP :
=RQHGHFXLVVRQ6XSHU4XLFN¡FP DYHFERRVWHU:  ²
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : ² 
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : 
 ²
¡FP : ¡FP :
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : 
² 
¡FP :DYHFERRVWHU:
=RQHGHFXLVVRQ6XSHU4XLFN¡FP : 
 ²
¡FP :DYHFERRVWHU:
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ  
1RPEUHGHIRQFWLRQV)U\LQJ6HQVRU [FP ²
%RRVWHUQRPEUHGH]RQHVGHFXLVVRQ  
0LQXWHULHFRXSHFLUFXLWQRPEUHGH]RQHVGHFXLVVRQ  
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
6pFXULWpHQIDQWV&RXSXUHGHVpFXULWp1HWWR\DJHGHO
pFUDQjWRXWPRPHQW ‡‡² ‡‡²
0HQXG
RSWLRQV ‡ ‡
$FFHVVRLUHV
3RrOHSRXU)U\LQJ6HQVRUSRXU]RQHGHFXLVVRQ¡FP *3ñ ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
7DEOHV)OH[,QGXFWLRQ6pULHHW6pULHDYHFV\VWqPHGHYHQWLODWLRQLQWpJUp

7\SHG
DSSDUHLO 7DEOH)OH[,QGXFWLRQ
DYHFPRWHXUHWYHQWLODWLRQLQWpJUpH
,QVWDOODWLRQjYHXUGHSODQ &9
&DGUHLQR[ ²
'LPHQVLRQV
/DUJHXU FP 
3URIRQGHXUG
HQFDVWUHPHQW FP 
8WLOLVDWLRQV
&RQWU{OHSDUVHQVRUWRXFKHVVHQVLWLYHV ²‡
%RXWRQPDJQpWLTXH7ZLVW3DG ²
%RXWRQVGHFRPPDQGHQRLUVHQIDoDGH ‡
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQRXQRPEUHGHFDVVHUROHVPD[ 
=RQH)OH[,QGXFWLRQ[FP :: 
H[WHQVLEOH[FP ::

=RQH)OH[,QGXFWLRQ[FP :: 
²
H[WHQVLEOH[FP ::
([WHQVLRQDXWRPDWLTXHMXVTX
jFP :DYHFERRVWHU: 
3XLVVDQFHG
DVSLUDWLRQ (1 DYHFYHQWLODWLRQSRVLWLRQVLQWHQVLI
(YDFXDWLRQ PóK 
5HF\FODJH PóK 
&RQVRPPDWLRQVHORQQRUPH(8
&ODVVHG
HZFDFLWppQHUJpWLTXH $
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ 
&ODVVHG
HZFDFLWppQHUJpWLTXHGHODYHQWLODWLRQ $
&ODVVHG
pZFDFLWppQHUJpWLTXHGHO
pFODLUDJH ²
&ODVVHG
pZFDFLWppQHUJpWLTXHGX=OWUHjJUDLVVH %
3XLVVDQFHVRQRUHPLQPD[PRGHQRUPDO G% $ 
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXH ‡
1RPEUHGHSRVLWLRQVGHFXLVVRQ 
'pWHFWLRQGHFDVVHUROHV ‡
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡
)RQFWLRQ)OH[SRXU]RQHFHFXLVVRQUHFWDQJXODLUH ‡
0LQXWHULHFRXSHFLUFXLW QRPEUHGH]RQHVGHFXLVVRQ ²
0LQXWHULHLQGpSHQGDQWH ‡
&KURQRPqWUH ‡
)RQFWLRQ%RRVWHU QRPEUHGH]RQHVGHFXLVVRQ 
)RQFWLRQ%RRVWHUSRXUFDVVHUROHVSRrOHV ‡²
)RQFWLRQ)U\LQJ6HQVRU QRPEUHGH]RQHVGHFXLVVRQ 
0DLQWLHQDXFKDXG ²
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp)RQFWLRQSDXVH ²‡²
)RQFWLRQPpPRLUH ²
0HQXG
RSWLRQV ‡
6HQVRUGHFXLVVRQ &$ ²
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH ²
0RGXOH:L)LLQWpJUp+RPH&RQQHFW ‡
3RrOH)U\LQJ6HQVRUSRXU]RQH‘FP *3ñ
3RrOH)U\LQJ6HQVRUSRXU]RQH‘FP *3ñ
3RrOH)U\LQJ6HQVRUSRXU]RQH‘FP *3ñ
3RrOH)U\LQJ6HQVRUSRXU]RQH‘FP *3ñ
&DUDFWpULVWLTXHVGHODYHQWLODWLRQ
1LYHDXGHSXLVVDQFH SOXVLQWHQVLYH
7HFKQRORJLHGXPRWHXU %/'&
0RWHXU 
3XLVVDQFHGXPRWHXU : 
6\VWqPHGHYHQWLODWLRQWRXWDXWRPDWLTXH ‡
)RQFWLRQDXWRPDWLTXH ‡
)RQFWLRQGHWHPSRULVDWLRQDXWRPDWLTXH ‡
)RQFWLRQGHWHPSRULVDWLRQ PLQ ‡PLQ
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡
7\SHGH=OWUHVjJUDLVVH )LOWUHPpWDOOLTXH
1RPEUHGH=OWUHVjJUDLVVH 
%DFUpFXSpUDWHXUDQWLGpERUGHPHQW ‡
(YDFXDWLRQSDUOHEDVF{WpDUULqUH ²²‡
0RGXOHUHF\FODJH &$ñ&$ñ
)LOWUHDFRXVWLTXHSRXUOHPRGHpYDFXDWLRQH[WpULHXUH &$ñ
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N: 
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P 

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOHñ$FFHVVRLUHVVSpFLDX[ò9DOHXUVVHUpIpUDQWjODFRQ=JXUDWLRQ9/DYHFOHFDLVVRQPRWHXU$5
7DEOHVGHFXLVVRQ 

7DEOH)OH[,QGXFWLRQ 7DEOH)OH[,QGXFWLRQ
DYHFPRWHXUHWYHQWLODWLRQLQWpJUpH DYHFPRWHXUHWYHQWLODWLRQLQWpJUpH
&9 &9
² ‡

 
 

²‡ ²‡
‡ ‡
² ²

 
² 

 ²
² ²

 
 

$ $
 
$ $
² ²
% %
 

‡ ‡
 
‡ ‡
‡ ‡
‡ ‡
 
‡ ‡
‡ ‡
 
‡‡ ‡‡
 
‡ ‡
‡‡‡ ‡‡‡
‡ ‡
‡ ‡
‡ ‡
‡ ‡
‡ ‡
*3ñ *3ñ
*3ñ *3ñ
*3ñ *3ñ
² ²

SOXVLQWHQVLYH SOXVLQWHQVLYH
%'/& %'/&
 
 
‡ ‡
‡ ‡
‡ ‡
‡PLQ ‡PLQ
‡PLQ ‡PLQ
‡ ‡
‡ ‡
)LOWUHPpWDOOLTXH )LOWUHPpWDOOLTXH
 
‡ ‡
²²‡ ²²‡
&$ñ&$ñ &$ñ&$ñ
&$ñ &$ñ

 
 
7DEOHV,QGXFWLRQ6pULH

7\SHG
DSSDUHLO 7DEOHLQGXFWLRQ)XOO=RQH 7DEOHLQGXFWLRQ)XOO=RQH

,QVWDOODWLRQjYHXUGHSODQ &; &;


&DGUH,QR[ &; &;
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQ
(FUDQVHQVLWLI7)7&RPPDQGH7ZLVW3DG7RXFKHVVHQVLWLYHV ‡²² ‡²²
'LVSOD\ELFRORUH EODQFRUDQJH ² ²
%RXWRQVGHFRPPDQGHHQIDoDGH%DQGHDXGHFRPPDQGHLQWpJUp ²² ²²
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQRXQRPEUHGHFDVVHUROHVPD[  
=RQHLQGXFWLRQ)XOO=RQH ‡ ‡
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
([WHQVLRQDXWRPDWLTXHMXVTX
jFPFP DYHFERRVWHU:
=RQH,QGXFWLRQ
¡FP :DYHF%RRVWHU:
² ²
¡FP :DYHF%RRVWHU: 
¡FP :DYHF%RRVWHU:
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: 
² ²
)RQFWLRQIDLWRXW[FP :DYHF%RRVWHU:
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ  
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQUHFWDQJXODLUHV ² ²
)RQFWLRQ6HQVRUGHFXLVVRQIRQFWLRQ)U\LQJ6HQVRU ‡² ‡²
1RPEUHGHSRVLWLRQV)U\LQJ6HQVRU ² ²
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH ‡ ‡
)RQFWLRQ%RRVWHUSRXUFDVVHUROHVSRrOHV ‡‡ ‡‡
)RQFWLRQ0DLQWLHQDXFKDXG ‡ ‡
1RPEUHGHPLQXWHULHV  
0LQXWHULH&RXSHFLUFXLW ‡ ‡
&KURQRPqWUH ‡ ‡
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp1HWWR\DJHGHO
pFUDQjWRXWPRPHQW ‡‡‡ ‡‡‡
0HQXG
RSWLRQV ‡ ‡
&RQWU{OHGHODKRWWH ‡ò ‡ò
0RGXOH:L)LLQWpJUp+RPH&RQQHFW ‡ó ‡ó
$FFHVVRLUHV
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO*1 *1ñ *1ñ
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO*1 *1ñ *1ñ
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO SRXU)OH[,QGXFWLRQ ² ²
3ODTXHjJULOOHUHQIRQWHG
DOXPLQLXP SRXU)OH[,QGXFWLRQ ²
3RrOHV)U\LQJ6HQVRU¡FP ² ²
3RrOHV)U\LQJ6HQVRU¡FP ² ²
3RrOHV)U\LQJ6HQVRU¡FP ² ²
3RrOHV)U\LQJ6HQVRU¡FP ² ²
6XSSRUWDGDSWDWHXUSRXUSRrOH:RN
3RrOH:RN
6HQVRUGHFXLVVRQ ‡&$ñ ‡&$ñ
%RXWRQQRLUPDJQHWLTXHSRXUWDEOH,QGXFWLRQ6pULH ² ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
ò&RPELQDEOHDYHFXQHKRWWHVSpFL=TXH
ó'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
7DEOHVGHFXLVVRQ 
7DEOHV,QGXFWLRQ6pULH

7\SHG
DSSDUHLO 7DEOH)OH[,QGXFWLRQ 7DEOH)OH[,QGXFWLRQ

,QVWDOODWLRQjYHXUGHSODQ &, &,


&DGUH,QR[ &, &,
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQ
(FUDQVHQVLWLI7)7&RPPDQGH7ZLVW3DG7RXFKHVVHQVLWLYHV ²‡² ²‡²
'LVSOD\ELFRORUH EODQFRUDQJH ‡ ‡
%RXWRQVGHFRPPDQGHHQIDoDGH%DQGHDXGHFRPPDQGHLQWpJUp ²² ²²
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQRXQRPEUHGHFDVVHUROHVPD[  
=RQHLQGXFWLRQ)XOO=RQH ² ²
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² ²
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
 ²
H[WHQVLEOH[FP :DYHFERRVWHU:
=RQH)OH[LQGXFWLRQ[FP :DYHFERRVWHU: 
² 
H[WHQVLEOH[FP :DYHFERRVWHU:
([WHQVLRQDXWRPDWLTXHMXVTX
jFPFP DYHFERRVWHU: ² ²
=RQH,QGXFWLRQ
¡FP :DYHF%RRVWHU:
 ²
¡FP :DYHF%RRVWHU: 
¡FP :DYHF%RRVWHU:
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: 
² ²
)RQFWLRQIDLWRXW[FP :DYHF%RRVWHU:
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² 
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² ²
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² 
=RQH,QGXFWLRQ¡FP :DYHF%RRVWHU: ² 
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQVGHFXLVVRQ  
)RQFWLRQ)OH[SRXU]RQHVGHFXLVVRQUHFWDQJXODLUHV ‡ ‡
)RQFWLRQ6HQVRUGHFXLVVRQIRQFWLRQ)U\LQJ6HQVRU ‡‡ ‡‡
1RPEUHGHSRVLWLRQV)U\LQJ6HQVRU  
)RQFWLRQ&XLVVRQ3URIHVVLRQQHOOH ‡ ²
)RQFWLRQ%RRVWHUSRXUFDVVHUROHVSRrOHV ‡‡ ‡‡
)RQFWLRQ0DLQWLHQDXFKDXG ‡ ‡
1RPEUHGHPLQXWHULHV  
0LQXWHULH&RXSHFLUFXLW ‡ ‡
&KURQRPqWUH ‡ ‡
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
6pFXULWpHQIDQW&RXSXUHGHVpFXULWp1HWWR\DJHGHO
pFUDQjWRXWPRPHQW ‡‡‡ ‡‡‡
0HQXG
RSWLRQV ‡ ‡
&RQWU{OHGHODKRWWH ‡ò ‡ò
0RGXOH:L)LLQWpJUp+RPH&RQQHFW ‡ó ‡ó
$FFHVVRLUHV
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO*1 ² ²
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO*1
7HSSDQ<DNLFRPSRVpGHSOXVLHXUVFRXFKHVGHPpWDO SRXU)OH[,QGXFWLRQ &$ñ &$ñ
3ODTXHjJULOOHUHQIRQWHG
DOXPLQLXP SRXU)OH[,QGXFWLRQ &$ñ &$ñ
3RrOHV)U\LQJ6HQVRU¡FP *3ñ *3ñ
3RrOHV)U\LQJ6HQVRU¡FP *3ñ *3ñ
3RrOHV)U\LQJ6HQVRU¡FP *3ñ *3ñ
3RrOHV)U\LQJ6HQVRU¡FP *3ñ ²
6HQVRUGHFXLVVRQ &$ñ ²
%RXWRQQRLUPDJQHWLTXHSRXUWDEOH,QGXFWLRQ6pULH &$ñ &$ñ
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
ò&RPELQDEOHDYHFXQHKRWWHVSpFL=TXH
ó'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
7DEOHVGHFXLVVRQ 

7DEOH)OH[,QGXFWLRQ 7DEOH)OH[,QGXFWLRQ 7DEOH)OH[,QGXFWLRQ 7DEOH,QGXFWLRQ

&, &, &,


&, &, &, &,

   

²‡² ²‡² ²‡² ²²‡


‡ ‡ ‡ ²
²² ²² ²² ²²

   
² ² ² ²

 ² ² ²

   ²

² ² ² ²

² ² ² ²

² ² ² ²

² ² ² 

 ² ² ²
² ² ² ²
² ²  
² ² ² 
 ²  

   
‡ ‡ ‡ ²
‡‡ ‡‡ ‡‡ ²²
   ²
‡ ‡ ‡ ²
‡‡ ‡‡ ‡‡ ‡²
‡ ‡ ‡ ²
   
‡ ‡ ‡ ‡
‡ ‡ ‡ ²
‡ ‡ ‡ ‡
‡‡‡ ‡‡‡ ‡‡‡ ‡‡²
‡ ‡ ‡ ‡
‡ò ‡ò ‡ò ²
‡ó ‡ó ‡ó ²

² ² ² ²

&$ñ &$ñ &$ñ ²


&$ñ &$ñ &$ñ
*3ñ *3ñ *3ñ ²
*3ñ *3ñ *3ñ ²
*3ñ *3ñ *3ñ ²
*3ñ *3ñ *3ñ ²
&$ñ &$ñ &$ñ ²
&$ñ &$ñ &$ñ

   


7DEOHV*D]6pULH

7\SHG
DSSDUHLO 7DEOHJD] 7DEOHJD]
&*) &*
&DGUHHQLQR[PDVVLIPPEURVVpPLFURELOOp ²²² ²²²
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQVRXGp ²‡‡ ²‡‡
*D]EXWDQHSURSDQHPEDUJD]QDWXUHOPEDU ‡² ²‡
'LPHQVLRQV
/DUJHXU FP  
8WLOLVDWLRQ
%RXWRQVGHFRPPDQGHHQIDoDGHEDQGHDXGHFRPPDQGHLQWpJUp ‡² ‡²
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQ  
%U€OHXUZRNPXOWLFRXURQQHV :  ²
%U€OHXUZRNPXOWLFRXURQQHV : ² 
%U€OHXUSXLVVDQWGRXEOHFRXURQQH :  
%U€OHXUVWDQGDUGGRXEOHFRXURQQH :  
&DUDFWpULVWLTXHV
1RPEUHGHSRVLWLRQV  
&RQWU{OHpOHFWURQLTXHGHODYDPPH ‡ ‡
$OOXPDJHDXWRPDWLTXHDOOXPDJHpOHFWULTXH ‡² ‡²
5pJODJHpOHFWURQLTXHGHODYDPPHDYHFUpDOOXPDJHDXWRPDWLTXH ‡ ‡
)RQFWLRQPLMRWDJH ‡ ‡
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡
&RXSXUHGHVpFXULWp ‡ ‡
*ULOOHHQIRQWH SDUWLHV SDUWLHV
$FFHVVRLUHV
6XSSRUW:RN ‡ ‡
3RrOH:RN :3ñ :3ñ
&RXYHUFOHLQR[ ² ²
5DFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWJD] N:  
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH :  

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
7DEOHV*D]6pULH 7DEOHVGHFXLVVRQ 

7\SHG
DSSDUHLO 7DEOH*D] 7DEOH*D] 7DEOH*D] 7DEOH*D] 7DEOH*D] 7DEOH*D]
9*) 9* &* &* 9*) 9*
&DGUHHQLQR[PDVVLIPPEURVVpPLFURELOOp ²²‡ ²²‡ ²‡² ²‡² ²²‡ ²²‡
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQVRXGp ‡²² ‡²² ‡²² ‡²² ‡²² ‡²²
*D]EXWDQHSURSDQHPEDUJD]
‡ò² ²‡ó ²‡ò ²‡ò ‡ò² ²‡ó
QDWXUHOPEDU
'LPHQVLRQV
/DUJHXU FP      
8WLOLVDWLRQ
%RXWRQVGHFRPPDQGHHQIDoDGH
²‡ ²‡ ²‡ ²‡ ²‡ ²‡
%DQGHDXGHFRPPDQGHLQWpJUp
=RQHVGHFXLVVRQ
1RPEUHGH]RQHVGHFXLVVRQ      
%U€OHXU:RNPXOWLFRXURQQHV : ² ² ²  ² ²
%U€OHXU:RNPXOWLFRXURQQHV : ² ²  ² ² ²
%U€OHXU:RNPXOWLFRXURQQHV :  ² ² ² ² ²
%U€OHXU:RNPXOWLFRXURQQHV : ²  ² ² ² ²
%U€OHXUSXLVVDQWGRXEOHFRXURQQH :   ² ² ² ²
%U€OHXUSXLVVDQWGRXEOHFRXURQQH :   ² ² ² ²
%U€OHXUWUqVSXLVVDQW : ² ² ² ²  
%U€OHXUWUqVSXLVVDQW : ² ²   ² ²
%U€OHXUVWDQGDUG : ² ² ² ²  
%U€OHXUVWDQGDUG : ² ² ²  ² ²
%U€OHXUVWDQGDUG : ² ²  ² ² ²
%U€OHXUpFRQRPLTXH : ² ²   ² ²
&DUDFWpULVWLTXHV
%U€OHXUpFRQRPLTXH :      
&RQWU{OHpOHFWURQLTXHGHODYDPPH ² ² ² ² ² ²
$OOXPDJHpOHFWURQLTXH$OOXPDJHpOHFWULTXH ²‡ ²‡ ²‡ ²‡ ²‡ ²‡
5pJODJHpOHFWURQLTXHGHODYDPPH
² ² ² ² ² ²
DYHFUpDOOXPDJHDXWRPDWLTXH
)RQFWLRQPLMRWDJH ² ² ² ² ² ²
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH ‡ ‡ ² ² ‡ ‡
&RXSXUHGHVpFXULWp ² ² ² ² ² ²
*ULOOHHQIRQWH SDUWLHV SDUWLHV SDUWLHV SDUWLHV SDUWLHV SDUWLHV
$FFHVVRLUHV
6XSSRUW:RN ‡ ‡ ‡ ‡ ² ²
3RrOH:RN :3ñ :3ñ :3ñ :3ñ ² ²
&RXYHUFOHQRLU ² ² ² ² ² ²
5DFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWJD] N:      
3XLVVDQFHGHUDFFRUGHPHQWpOHFWULTXH :      

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVVSpFLDX[
ò%XVHVSRXU%XWDQH3URSDQHPEDULQFOXV
ó%XVHVSRXUJD]QDWXUHOPEDULQFOXV
 

$SSDUHLOVG
DVSLUDWLRQ

9XHG
HQVHPEOHGHVKRWWHVGHV6pULHHW6pULH 
+RWWHGHSODIRQG9DULR6pULH 
+RWWHVGHSODIRQG6pULH 
+RWWHGHSODQGHWUDYDLO6pULH 
+RWWHGHSODQGHWUDYDLO6pULH 
9DULR$pUDWHXUGHSODQGHFXLVVRQ6pULH 

$SSDUHLOVG¶DVSLUDWLRQ
9DULR$pUDWHXUGHSODQGHFXLVVRQ6pULH 
+RWWHvORW6pULH 
+RWWHvORW6pULH 
+RWWHPXUDOH6pULH 

+RWWHVPXUDOHV6pULH 
+RWWHVWLURLU6pULH 
*URXSHVILOWUDQWV6pULH 
6\VWqPHPRGXODLUHHW&DLVVRQVPRWHXUVVpSDUpV 
$FFHVVRLUHV 
'RQQpHVWHFKQLTXHV 
9XHG
HQVHPEOHGHVKRWWHV6pULH

‡$5 ‡$5 ‡$5

‡$& ‡$&
‡$&
‡$&

‡$/ ‡$5 ‡$5 ‡$5 ‡$5


‡$/XQLTXHPHQWDYHF
[$5 PRWHXUHQUHF\FODJH

‡9/  ‡$5 ‡$5 ‡$5 ‡$5 ‡$5


‡$, ‡$5 ‡$5 ‡$5
‡$,
‡$,


‡$: ‡$5 ‡$5 ‡$5
‡$:
‡$:
$SSDUHLOVG
DVSLUDWLRQ 

9XHG
HQVHPEOHGHVKRWWHV6pULH

,QWpJUDWLRQGDQVOHSODIRQG )L[DWLRQGLUHFWHPHQWDXSODIRQG )L[DWLRQGLUHFWHPHQWDXSODIRQG


‡$& ‡$& UpJODEOHHQKDXWHXU
‡$&

‡$/
‡$/

‡$, ‡$: ‡$:

‡$) ‡$&
‡$) ‡$&
 ‡$&

‡9/ ‡$5 ‡$5 ‡$5


+RWWHGHSODIRQG9DULR6pULH 0RGXOHGHFRPPDQGH
$&  DYHFVDQVpFODLUDJH6pULH
$& $& 
² ,QWpJUDWLRQGLVFUqWHGDQVODFXLVLQH
² )OH[LELOLWpPD[LPDOHHQGLPHQVLRQ ² 0RGXOHGHFRPPDQGHSRXUKRWWH
SXLVVDQFHG
DVSLUDWLRQHWRSWLRQV GHSODIRQGDYHFpFODLUDJHLQWpJUp
GHYHQWLODWLRQ ² ,QWpJUDWLRQLQGLYLGXHOOHGXPRGXOH
² 9HQWLODWLRQGHODSLqFH DYHFpFODLUDJHGDQVODFRQILJXUD
² +RWWHGHSODIRQGPRGXODLUHTXL WLRQKRWWHGHSODIRQG9DULR
SHUPHWXQHFRQILJXUDWLRQ
LQGLYLGXHOOHJUkFHDX[pOpPHQWV 3HUIRUPDQFHV
VpSDUpVWHOVTXHOHPRGXOHILOWUHOH /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW
PRGXOHGHFRPPDQGHHWRXOH GXPRWHXUVpSDUpDVVRFLp
PRGXOHG
pFODLUDJH
$&    ࡱ ² 6DQVPRWHXUFRPELQDEOHDYHFOHV $&    ࡱ &DUDFWpULVWLTXHV
,QR[  ࡱ+7 FDLVVRQVPRWHXU%/'&*DJJHQDX ,QR[  ࡱ+7 7pOpFRPPDQGHLQIUDURXJHjWRXFKHV
0RGXOHILOWUH ² $VSLUDWLRQSpULSKpULTXHEUHYHWpH 0RGXOHGHFRPPDQGHDYHFpFODLUDJH LQWHUUXSWHXUJpQpUDOpJDOHPHQWVXUOH
(YDFXDWLRQHWUHF\FODJH WUqVHIILFDFH $&    ࡱ PRGXOHGHFRPPDQGH
6DQVPRWHXU ² &DFKHVILOWUHVSODWVHWOLVVHV ,QR[  ࡱ+7 YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
G
HQWUHWLHQIDFLOH 0RGXOHGHFRPPDQGHVDQVpFODLUDJH LQWHQVLYH
$FFHVVRLUHVG
LQVWDOODWLRQ )RQFWLRQG
DVSLUDWLRQLQWHUPLWWHQWH
$'  ࡱ 3HUIRUPDQFHV $FFHVVRLUHVHQRSWLRQ PLQ
&ROOHFWHXUG
DLU  ࡱ+7 /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW $$  ࡱ )RQFWLRQWHPSRULVDWLRQPLQ
SRXUWX\DX[URQGV‘PP GXPRWHXUVpSDUpDVVRFLp 0RGXOHDGDSWDWHXU  ࡱ+7 7pPRLQGHVDWXUDWLRQGXILOWUHj
[‘PPHQWUpHG
DLUWX\DXURQG SRXUFRQWDFWHXUGHIHQrWUH JUDLVVH
[‘PPVRUWLHG
DLUWX\DXURQG &DUDFWpULVWLTXHV &RPELQDEOHDYHFPRWHXUV6pULH
$'  ࡱ )LOWUHVjDVSLUDWLRQSpULSKpULTXH &RQVHLOVG
LQVWDOODWLRQ
&ROOHFWHXUG
DLU  ࡱ+7 ODYDEOHVDXODYHYDLVHOOH 5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
SRXUJDLQHVSODWHV‘PP &DGUHGHPRQWDJHSRXUWLJHVILOHWpHV FkEOHUpVHDX
[‘PPHQWUpHG
DLUJDLQHSODWH WLJHVILOHWpHVLQFOXVHV  6LOHFRQGXLWG
XQHKRWWHHQPRGH
[‘PPVRUWLHG
DLUJDLQHSODWH 5DFFRUGF\OLQGULTXH‘PP G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
$FFHVVRLUHVHQRSWLRQ &RQVRPPDWLRQV RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
$$  ࡱ /HVYDOHXUVGHFRQVRPPDWLRQ ODKRWWHGRLWrWUHSUpYXDYHFXQH
0RGXOHGHUHF\FODJH  ࡱ+7 FRUUHVSRQGHQWjODFRQILJXUDWLRQDYHF IRQFWLRQGHVpFXULWpDGDSWpH
DYHFILOWUH&OHDQ$LUSRXUXQHIRUWH OHPRWHXU$5 )L[DWLRQDXPRGXOHILOWUH
UpGXFWLRQGHVRGHXUVJUkFHjOD &ODVVHG
HIILFDFLWppQHUJpWLTXH%SRXU
JUDQGHVXUIDFHGHILOWUDWLRQ XQHFODVVLILFDWLRQGH$j' 9DOHXUVGHUDFFRUGHPHQW
,QR[ &RQVRPPDWLRQpQHUJpWLTXH 3XLVVDQFHDEVRUEpH²:
3RXUKRWWHGHSODIRQG$&HW$& N:KDQ &kEOHGHUDFFRUGHPHQWPDYHF
$$  ࡱ &ODVVHG
HIILFDFLWpGXPRWHXU$ SULVH
0RGXOHGHUHF\FODJH  ࡱ+7 &ODVVHG
HIILFDFLWpG
pFODLUDJH(
DYHFILOWUH&OHDQ$LUSRXUXQHIRUWH &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
UpGXFWLRQGHVRGHXUVJUkFHjOD 1LYHDXVRQRUHPLQG%PD[G%
JUDQGHVXUIDFHGHILOWUDWLRQ SRVLWLRQQRUPDOH
%ODQF
3RXUKRWWHGHSODIRQG$&HW$& &RQVHLOVG
LQVWDOODWLRQ
$$  ࡱ /DKRWWHGHSODIRQGGRLWrWUHFRQVLGpUpH
ILOWUH&OHDQ$LUSRXU  ࡱ+7 FRPPHXQHYHQWLODWLRQGHSLqFHORUVTXH
XQHIRUWHUpGXFWLRQGHVRGHXUVJUkFH ODGLVWDQFHTXLODVpSDUHGXSODQGH
jODJUDQGHVXUIDFHGHILOWUDWLRQ FXLVVRQHVWVXSpULHXUHjFPFDU
3RXUPRGXOHGHUHF\FODJH O
DVSLUDWLRQGHVYDSHXUVVHUDOLPLWpH3RXU
$$HW$$ DWWHLQGUHOHQLYHDXG
DVSLUDWLRQRSWLPDOLO
$$ IDXWTXHODSXLVVDQFHG
DVSLUDWLRQ
$$  ࡱ UHSUpVHQWHjIRLVOHYROXPHGHOD
ILOWUHjFKDUERQDFWLI  ࡱ+7 SLqFH
UpJpQpUDQWSRXUPRGXOHGHUHF\FODJH 9HXLOOH]YRXVUpIpUHUDX[SDJHV
$$HW$$ SRXUOHVFRQILJXUDWLRQVG
DVSLUDWLRQ
$$ UHFRPPDQGpHVGXPRWHXULQGpSHQGDQW
HWOHVGLPHQVLRQVTXLHQUpVXOWHQW
&RPELQDEOHDYHF 3RXUOHVFDLVVRQVPRWHXUVpSDUpV
7RXVOHV9DULRGHFXLVVRQ6pULH FRUUHVSRQGDQWVHQPRGHpYDFXDWLRQRX
7RXVOHV9DULRGHFXLVVRQ6pULH UHF\FODJHVHUpIpUHUjODSDJH
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH (QPRGHUHF\FODJHLOHVWQpFHVVDLUH
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH G
LQVWDOOHUXQPRGXOHGHUHF\FODJH
3RVVLELOLWpGHUDFFRUGHUGLUHFWHPHQWPD[
%RQjVDYRLU PRGXOHVILOWUHVjXQPRWHXUVpSDUp
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ $5
GHFXLVVRQ /RUVTXHOHPRWHXUVpSDUpHVWLQVWDOOp
GDQVOHSODIRQGRXGDQVXQPHXEOHLOIDXW
&DLVVRQVPRWHXUVFRUUHVSRQGDQWV
SUpYRLUXQHWUDSSHG
DFFqV
YRLUSDJHV
%LHQV
DVVXUHUGXUDQWO
LQVWDOODWLRQGX
WX\DXG
pYDFXDWLRQTXHOHVDQJOHVGHV
FRXGHVVRLHQWDUURQGLVHWTX
DXFXQ
REVWDFOHQ
REVWUXHOHFRQGXLW
/RUVG
XQHLQVWDOODWLRQG
XQV\VWqPHGH
YHQWLODWLRQHQPRGHpYDFXDWLRQGDQVXQH
‡$5 ‡$5 SLqFHRVHWURXYHQWXQHFKHPLQpHRXXQ
V\VWqPHGHFKDXIIDJHjIHXRXYHUWLOHVW
QpFHVVDLUHGHV
DVVXUHUTXHOHV\VWqPH
pOHFWULTXHUHOLpjODKRWWHFRPSRUWHELHQ
XQFRPPXWDWHXUGHVpFXULWp
‡$5
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

0RGXOHG
pFODLUDJH6pULH
$& 

² 0RGXOHG
pFODLUDJHFRPSOpPHQWDLUH
GHODKRWWHGHSODIRQG
² ,QWpJUDWLRQLQGLYLGXHOOHGXPRGXOH
DYHFpFODLUDJHGDQVODFRQILJXUD
WLRQKRWWHGHSODIRQG9DULR

&DUDFWpULVWLTXHV
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
FkEOHUpVHDX

&RQVHLOVG
LQVWDOODWLRQ
$&    ࡱ 9HXLOOH]YRXVUpIpUHUDX[SDJHV
,QR[  ࡱ+7 SRXUOHVFRQILJXUDWLRQVG
DVSLUDWLRQ
0RGXOHG
pFODLUDJH UHFRPPDQGpHVGXPRWHXULQGpSHQGDQW DOWHUQDWLYH
(QFRPSOpPHQWGXPRGXOHGH HWOHVGLPHQVLRQVTXLHQUpVXOWHQW
FRPPDQGHDYHFpFODLUDJH )L[DWLRQDXPRGXOHILOWUH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH
&kEOHUpVHDXP

DOWHUQDWLYH


$'ĂĂ
 $'ĂĂ 


  
 

PLQĂ 
$&ĂĂ $&ĂĂ
$&ĂĂ
AC 402 - autre possibilité de fixation au plafond $OX)OH[Ă $&ĂĂ $'ĂĂĂ
$'ĂĂ $'ĂĂ

$&DYHFPRGXOHGHUHF\FODJH$$RX$$

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQILJXUDWLRQVG·LQVWDOODWLRQVSUpFRQLVpHVSRXUODKRWWHGHSODIRQG9DULR6pULH

+DXWHXUPLQLPDOH PP
G·LQVWDOODWLRQHQPPFDGUH
GHPRQWDJHLQFOXV

Ø 150 Ø 150

,QVWDOODWLRQGDQVSODIRQG +DXWHXUPLQLPDOHG·LQVWDOODWLRQDYHFWX\DXURQG$OXYH[
RXVWUXFWXUHGHPHXEOH GLUHFWHPHQWSDUOHSODIRQG
&DLVVRQPRWHXUSODFpVpSDUpPHQW

&ROOHFWHXUG·DLU $'
VLQpFHVVDLUH [‘PPWX\DXURQGए[‘PPWX\DXURQG

/DUJHXUPD[LPDOHGXSODQ 'pFRXSHGXSODIRQG &DLVVRQPRWHXUSRXU &DLVVRQPRWHXUSRXULQVWDOODWLRQ


GHFXLVVRQ D[E GLPHQVLRQVGX LQVWDOODWLRQLQWpULHXUH PXUH[WpULHXURXWRLW
$VSLUDWLRQSODQGHFXLVVRQ FDGUH PP SXLVVDQFHG·DVSLUDWLRQ SXLVVDQFHG·DVSLUDWLRQ
GLVWDQFHPD[FP
HQVRUWLHOLEUH HQVRUWLHOLEUH
: LQVWDOODWLRQPXUDOH
, LQVWDOODWLRQHQvORW
9HQWLODWLRQGHODSLqFH
GLVWDQFH!FP
5 /DUJHXUGXSODQGH
FXLVVRQ

3XLVVDQFHG·DVSLUDWLRQVHORQQRUPH(1²PóK 3DVGHFROOHFWHXUG·DLUSUpFRQLVp
)/&/ :FP [ [$5 PóK
)/&2 ,FP [ [$5 PóK [$5 PóK
SDVGH9593
5

)/&// :FP [ [$5 PóK


,FP $WWHQWLRQjO·RULHQWDWLRQ [$5 PóK [$5 PóK
SDVGH9593 [
5
3XLVVDQFHG·DVSLUDWLRQVHORQQRUPH(1²PóK
)/&// :FP [ [$5 PóK
9593SODFpDXPLOLHX [ [$5 PóK [$5 PóK
,FPSDVGH9593 [$5 PóK
5 [$5 PóK [$5 PóK

)&/ : [ [$5 PóK


)&2 ,FP $WWHQWLRQjO·RULHQWDWLRQ [$5 PóK [$5 PóK
5FP [ [$5 PóK
[YROXPHGHODSLqFH [$5 PóK [$5 PóK
UHQRXYHOOHPHQWG
DLU
SDVGH9593

)&// : [ [$5 PóK


,FP [ [$5 PóK [$5 PóK
5FP [$5 PóK
[YROXPHGHODSLqFH [$5 PóK [$5 PóK
UHQRXYHOOHPHQWG
DLU
SDVGH9593
$5SDUWDJHUOHPRGXOH!OWUHSODFp
3XLVVDQFHG·DVSLUDWLRQVHORQQRUPH(1²PóK
DXFHQWUHDYHFOHFROOHFWHXUG·DLU
)&// : [ [$5 PóK
,FP9593SODFp [ [$5 PóK
DXPLOLHX [$5 PóK [$5 PóK
5FP[YROXPHGH
ODSLqFHUHQRXYHOOHPHQW
G
DLU[DYHF9593
3XLVVDQFHG·DVSLUDWLRQVHORQQRUPH(1²PóK
)&2 : [ [$5 PóK
,FP9593SODFp [ [$5 PóK [$5 PóK
DXPLOLHX
5FP[YROXPHGH
ODSLqFHUHQRXYHOOHPHQW
G
DLU[DYHF9593

)/&// : GpFRXSHV[ [$5 PóK


,FP9593SODFp DYHFGLVWDQFHGHPP [$5 PóK [$5 PóK
DXPLOLHX 0HVXUHWRWDOH
5FP[YROXPHGH [DYHFEDUUHGH
ODSLqFHUHQRXYHOOHPHQW UHQIRUW [
G
DLU[DYHF9593

)&// : [ [$5 PóK


,FP9593SODFp [ [$5 PóK [$5 PóK
DXPLOLHX
5FP[YROXPHGH
ODSLqFHUHQRXYHOOHPHQW
G
DLU[DYHF9593
ñ1HSDVXWLOLVHUGHFROOHFWHXUG·DLU
5DFFRUGHPHQWGLUHFWGXWX\DXDXPRWHXU$5DYHF[‘PP
$SSDUHLOVG
DVSLUDWLRQ 

PP DYHFVDQV$5PP VDQV$5PP


DYHF$5SODFpGHERXWPP

&DLVVRQPRWHXU$5HQSRVLWLRQFRXFKpH $5HQSRVLWLRQFRXFKpHRX$5SODFpVpSDUpPHQW ,QVWDOODWLRQODSOXVVLPSOHDYHFWX\DX$OXYH[‘PP


DYHFOHFROOHFWHXUG·DLUSUpPRQWpGDQVOHSODIRQG 7X\DX$OXYH[URQG‘PP $5SODFpGHERXWRXVpSDUpPHQW
+DXWHXUG·LQVWDOODWLRQLQFOXDQWODJDLQHSODWH $5SODFpVHQYLVjYLV
$5SODFpVHQYLVjYLV
$' $'
[‘PPJDLQHSODWHए[‘PPJDLQHSODWH [‘PPWX\DXURQGए[‘PPWX\DXURQG

&DLVVRQPRWHXUSRXU &DLVVRQPRWHXUSRXU &DLVVRQPRWHXUSRXU &DLVVRQPRWHXUSRXU &DLVVRQPRWHXUSRXU &DLVVRQPRWHXUSRXU


LQVWDOODWLRQLQWpULHXUH LQVWDOODWLRQPXUH[WpULHXURX LQVWDOODWLRQLQWpULHXUH LQVWDOODWLRQPXUH[WpULHXURX LQVWDOODWLRQLQWpULHXUH LQVWDOODWLRQPXUH[WpULHXURX
SXLVVDQFHG·DVSLUDWLRQ WRLW SXLVVDQFHG·DVSLUDWLRQ SXLVVDQFHG·DVSLUDWLRQ WRLW SXLVVDQFHG·DVSLUDWLRQ SXLVVDQFHG·DVSLUDWLRQ WRLW SXLVVDQFHG·DVSLUDWLRQ
HQVRUWLHOLEUH HQVRUWLHOLEUH HQVRUWLHOLEUH HQVRUWLHOLEUH HQVRUWLHOLEUH HQVRUWLHOLEUH

3DVGHFROOHFWHXUG·DLUSUpFRQLVp 3DVGHFROOHFWHXUG·DLUSUpFRQLVp
[$5 PóK [$5 PóK
[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK
[$5 PóK [$5 PóK
[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK
[$5 PóK [$5 PóK
[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK
[$5 PóK [$5 PóK
[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

$5SDUWDJHUOHPRGXOH!OWUH $5SDUWDJHUOHPRGXOH!OWUHSODFp
SODFpDXFHQWUHDYHFOHFROOHFWHXUG·DLU DXFHQWUHDYHFOHFROOHFWHXUG·DLU
[$5 PóK [$5 PóK [$5 PóK ñ
[$5 PóK [$5 PóK
[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK

[$5 PóK [$5 PóK


[$5 PóK [$5 PóK [$5 PóK [$5 PóK [$5 PóK
$SSDUHLOVG
DVSLUDWLRQ 

+RWWHGHSODIRQG6pULH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
$& PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
² +RWWHGHSODIRQGUpJODEOHHQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
KDXWHXUSRXYDQWrWUHUHPRQWpH GHVVHUYLFHV+RPH&RQQHFWGDQVOH
HQWLqUHPHQWMXVTX
DXSODIRQGRX SD\VUHVSHFWLI/HVVHUYLFHV+RPH
LQWpJUpHGDQVOHSODIRQG &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
² $OXPLQLXPPDVVLIWUDYDLOOpDYHF WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
SUpFLVLRQ ZZZKRPHFRQQHFWFRP
² 0RWHXUVLOHQFLHX[HWpFRQRPH
HQpQHUJLH &RQVHLOVG
LQVWDOODWLRQ
$&  ࡱ ² )LOWUHVjDVSLUDWLRQSpULSKpULTXH ,QVWDOODWLRQGLUHFWHPHQWDXSODIRQG
*DJJHQDX%ODFN ࡱ+7 ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH JUkFHjODSODTXHSRXUOHPRQWDJH
+RPH&RQQHFW SDU6HQVRUDGDSWHODSXLVVDQFH OLYUpHGHVpULH
/DUJHXUFP G
DVSLUDWLRQDXYROXPHGHVYDSHXUV +DXWHXUGHSODIRQGUHFRPPDQGpH
0RGHUHF\FODJH GHFXLVVRQ MXVTX
jP
/LYUpHDYHFSODTXHSRXUPRQWDJH ² ,QVWDOODWLRQIDFLOHHWUDSLGHJUkFH /DKRWWHGHSODIRQGGRLWrWUH
DXSODIRQG jODSODTXHSRXUOHPRQWDJHDX FRQVLGpUpHFRPPHXQHYHQWLODWLRQGH
SODIRQGOLYUpHGHVpULH SLqFHORUVTXHODGLVWDQFHTXLODVpSDUH
$FFHVVRLUHVHQRSWLRQ ² 5HPSODFHPHQWIDFLOHGHVILOWUHV GXSODQGHFXLVVRQHVWVXSpULHXUHj
$$  ࡱ ² (FODLUDJH/('EODQFQHXWUHDYHF FPFDUO
DVSLUDWLRQGHVYDSHXUV
ILOWUHVjFKDUERQ  ࡱ+7 YDULDWHXUG
LQWHQVLWpUpJODEOHSRXU VHUDOLPLWpH3RXUDWWHLQGUHOHQLYHDX
DFWLI&OHDQ$LUGHUHPSODFHPHQW XQpFODLUDJHRSWLPDOGXSODQGH G
DVSLUDWLRQRSWLPDOLOIDXWTXHOD
SRXUOHUHF\FODJHGHO·DLU FXLVVRQ SXLVVDQFHG
DVSLUDWLRQUHSUpVHQWH
3RXUKRWWHGHSODIRQG$& ² 0RGHUHF\FODJH jIRLVOHYROXPHGHODSLqFH
HW$& /
LQVWDOODWLRQVpFXULVpHGHO
DSSDUHLO
$$  ࡱ 3HUIRUPDQFHV QpFHVVLWHXQHVWUXFWXUHGHIL[DWLRQ
ILOWUHVjFKDUERQ  ࡱ+7 3XLVVDQFHSRVLWLRQLQWHQVLYH DGpTXDWH1HMDPDLVIL[HUGLUHFWHPHQW
DFWLIUpJpQpUDEOHVGHUHPSODFHPHQW 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ O
DSSDUHLOVXUGHVGDOOHVGHSODFRSOkWUH
SRXUOHUHF\FODJHGHO·DLU ODQRUPH(1 RXGHVPDWpULDX[GHFRQVWUXFWLRQ
3RXUKRWWHGHSODIRQG$& 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ OpJHUVVLPLODLUHV
HW$& (1 'LVWDQFHPLQLPDOHDXGHVVXV
5pGXFWLRQGHVRGHXUVHQUHF\FODJH G
DSSDUHLOVGHFXLVVRQJD]FP
&RPELQDEOHDYHF VHORQ(1 PLQLFPVLSXLVVDQFHWRWDOHGXJD]
7RXVOHV9DULRGHFXLVVRQ6pULHHW 3XLVVDQFHHQUHF\FODJH HVWVXSpULHXUHjN: 
6pULHjO
H[FHSWLRQGX9DULR*ULO PóK 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH G% $ UHS: DSSDUHLOGHFXLVVRQpOHFWULTXHFP
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH 5pGXFWLRQGHVRGHXUV! /HPRGHUHF\FODJHQ
HVWSDV
UHFRPPDQGpGDQVOHFDVGH
%RQjVDYRLU &DUDFWpULVWLTXHV O
LQVWDOODWLRQG
XQ9DULR*ULOpOHFWULTXH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ 3RLGVGHO
DSSDUHLOHQYLUNJ
GHFXLVVRQ LQWHQVLYH
7pOpFRPPDQGHOLYUpHGHVpULH 9DOHXUVGHUDFFRUGHPHQW
)RQFWLRQ$XWRPDWLTXHDYHF 3XLVVDQFHWRWDOH:
WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
)RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ
7pPRLQGHVDWXUDWLRQGXILOWUHjJUDLVVH
,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj
FKDUERQDFWLI
ILOWUHVPpWDOOLTXHVDQWLJUDLVVH
ODYDEOHVDXODYHYDLVVHOOH
ILOWUHVjFKDUERQ&OHDQ$LU
/HILOWUHjFKDUERQ&OHDQ$LUHVWDGDSWp
jODSUpSDUDWLRQGHSRLVVRQVHWIUXLWV
GHPHUJUkFHjXQWUDLWHPHQWVSpFLDO
3URWHFWLRQFRQWUHOHVSDUWLFXOHV
DOOHUJqQHVJUkFHjXQWUDLWHPHQW
VSpFLDO
$OXPLQLXPDQRGLVp*DJJHQDX%ODFN
7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
0HVXUHVHQPP
PRWHXU%/'&
6\VWqPHGHPRQWDJHVLPSOHSRXUXQH
LQVWDOODWLRQIDFLOH
(FODLUDJH/('EODQFQHXWUH . 
DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX
&RXOHXUGHO
pFODLUDJHGDQVGLIIpUHQWV
WRQVEODQFV .HOYLQ
SRXYDQWrWUHUpJOpHYLD+RPH&RQQHFW
3XLVVDQFHGHO·pFODLUDJH/(':
(FODLUDJHO[DYHFLQWHQVLWp
YDULDEOHHQFRQWLQX
&RQWU{OHGHODYHQWLODWLRQEDVpVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
WDEOHGHFXLVVRQFRPSDWLEOH 

0HVXUHVHQPP
$PPVXUWRXWOHSRXUWRXU
%FHUWDLQVW\SHVGHFXLVVRQQHSHUPHWWHQWSDVG
pOLPLQHUWRXWH
O
KXPLGLWpUpVLGXHOOHGDQVODKRWWHjODILQGHODFXLVVRQ1RXV
UHFRPPDQGRQVjWLWUHSUpYHQWLIG
DSSOLTXHUXQHSHLQWXUH
DQWLPRLVLVVXUHVXUOHSRXUWRXUGHO
pYLGHPHQWGXSODIRQG
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

+RWWHGHSODIRQG6pULH &RQVHLOVG
LQVWDOODWLRQ
$& ,QVWDOODWLRQGLUHFWHDXSODIRQG
/DKRWWHGHSODIRQGGRLWrWUH
² ,QWpJUDWLRQKDUPRQLHXVHGDQV FRQVLGpUpHFRPPHXQHYHQWLODWLRQGH
O
DUFKLWHFWXUHGHODFXLVLQH SLqFHORUVTXHODGLVWDQFHTXLODVpSDUH
² $OXPLQLXPPDVVLIWUDYDLOOpDYHF GXSODQGHFXLVVRQHVWVXSpULHXUHj
SUpFLVLRQ FPFDUO
DVSLUDWLRQGHVYDSHXUV
$&  ࡱ ² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ VHUDOLPLWpH3RXUDWWHLQGUHOHQLYHDX
*DJJHQDX/LJKW  ࡱ+7 pQHUJLH G
DVSLUDWLRQRSWLPDOLOIDXWTXHOD
%URQ]H ² )LOWUHVjDVSLUDWLRQSpULSKpULTXH SXLVVDQFHG
DVSLUDWLRQUHSUpVHQWH
+RPH&RQQHFW ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH jIRLVOHYROXPHGHODSLqFH
/DUJHXUFP SDU6HQVRUDGDSWHODSXLVVDQFH
0RGHUHF\FODJH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV /
LQVWDOODWLRQVpFXULVpHGHO
DSSDUHLO
GHFXLVVRQ QpFHVVLWHXQHVWUXFWXUHGHIL[DWLRQ
$FFHVVRLUHVHQRSWLRQ ² ,QVWDOODWLRQIDFLOHHWUDSLGH DGpTXDWH1HMDPDLVIL[HUGLUHFWHPHQW
$$  ࡱ GLUHFWHPHQWDXSODIRQG O
DSSDUHLOVXUGHVGDOOHVGHSODFRSOkWUH
ILOWUHVjFKDUERQ  ࡱ+7 ² 5HPSODFHPHQWIDFLOHGHVILOWUHV RXGHVPDWpULDX[GHFRQVWUXFWLRQ
DFWLI&OHDQ$LUGHUHPSODFHPHQW ² 0RGHUHF\FODJH OpJHUVVLPLODLUHV
SRXUOHUHF\FODJHGHO·DLU 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
3RXUKRWWHGHSODIRQG$& 3HUIRUPDQFHV WDEOHJD]FP PLQLPXPFPVL
HW$& 3XLVVDQFHSRVLWLRQLQWHQVLYH SXLVVDQFHWRWDOHGXJD]VXSpULHXUH
$$  ࡱ 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ jN: 
ILOWUHVjFKDUERQ  ࡱ+7 ODQRUPH(1 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
DFWLIUpJpQpUDEOHVGHUHPSODFHPHQW 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ DSSDUHLOGHFXLVVRQpOHFWULTXHFP
SRXUOHUHF\FODJHGHO·DLU (1 /HPRGHUHF\FODJHQ
HVWSDV
3RXUKRWWHGHSODIRQG$& 5pGXFWLRQGHVRGHXUVHQUHF\FODJH UHFRPPDQGpGDQVOHFDVGH
HW$& VHORQ(1 O
LQVWDOODWLRQG
XQ9DULR*ULOpOHFWULTXH
3XLVVDQFHHQUHF\FODJH 3RLGVGHO
DSSDUHLOHQYLUNJ
&RPELQDEOHDYHF PóK
7RXVOHV9DULRGHFXLVVRQ6pULHHW G% $ UHS: 9DOHXUVGHUDFFRUGHPHQW
6pULHjO
H[FHSWLRQGX9DULR*ULO 5pGXFWLRQGHVRGHXUV! 3XLVVDQFHWRWDOH:
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH 3UpYRLUXQFkEOHGHUDFFRUGHPHQW
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH &DUDFWpULVWLTXHV
YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
%RQjVDYRLU LQWHQVLYH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ 7pOpFRPPDQGHOLYUpHGHVpULH
GHFXLVVRQ )RQFWLRQ$XWRPDWLTXHDYHF
WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
)RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWH
PLQ
7pPRLQGHVDWXUDWLRQGXILOWUH
jJUDLVVH
,QGLFDWHXUGHVDWXUDWLRQGXILOWUH
jFKDUERQDFWLI
ILOWUHVPpWDOOLTXHVDQWLJUDLVVH
ODYDEOHVDXODYHYDLVVHOOH
ILOWUHVjFKDUERQ&OHDQ$LU
/HILOWUHjFKDUERQ&OHDQ$LUHVWDGDSWp
jODSUpSDUDWLRQGHSRLVVRQVHWIUXLWV
GHPHUJUkFHjXQWUDLWHPHQWVSpFLDO
3URWHFWLRQFRQWUHOHVSDUWLFXOHV
DOOHUJqQHVJUkFHjXQWUDLWHPHQW
VSpFLDO
$OXPLQLXPDQRGLVp*DJJHQDX/LJKW
%URQ]H
7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
PRWHXU%/'&
&RQWU{OHGHODYHQWLODWLRQEDVpVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHF
ODWDEOHGHFXLVVRQFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
+RWWHGHSODIRQG6pULH &RQVHLOVG
LQVWDOODWLRQ
$& ,QVWDOODWLRQGDQVXQIDX[SODIRQG
/DKRWWHGHSODIRQGGRLWrWUH
² ,QWpJUDWLRQGLVFUqWHGDQVODFXLVLQH FRQVLGpUpHFRPPHXQHYHQWLODWLRQGH
² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ SLqFHORUVTXHODGLVWDQFHTXLODVpSDUH
pQHUJLH GXSODQGHFXLVVRQHVWVXSpULHXUHj
² )LOWUHVjDVSLUDWLRQSpULSKpULTXH FPFDUO·DVSLUDWLRQGHVYDSHXUV
$&  ࡱ ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH VHUDOLPLWpH3RXUDWWHLQGUHOD
*DJJHQDX/LJKW  ࡱ+7 SDU6HQVRUDGDSWHODSXLVVDQFH SXLVVDQFHG·DVSLUDWLRQRSWLPDOHLOIDXW
%URQ]H G
DVSLUDWLRQDXYROXPHGHVYDSHXUV TXHODSXLVVDQFHG·DVSLUDWLRQUHSUpVHQWH
+RPH&RQQHFW GHFXLVVRQ jIRLVOHYROXPHGHODSLqFH
/DUJHXUFP ² ,QVWDOODWLRQVLPSOHHWUDSLGH /
LQVWDOODWLRQVpFXULVpHGHO
DSSDUHLO
(YDFXDWLRQH[WpULHXUHRXPRGH GLUHFWHPHQWDXSODIRQG QpFHVVLWHXQHVWUXFWXUHGHIL[DWLRQ
UHF\FODJH ² 5HPSODFHPHQWIDFLOHGHVILOWUHV DGpTXDWH1HMDPDLVIL[HUGLUHFWHPHQW
² (YDFXDWLRQH[WpULHXUHRXPRGH O
DSSDUHLOVXUGHVGDOOHVGHSODFRSOkWUH
/HSUL[FRPSUHQG UHF\FODJH RXGHVPDWpULDX[GHFRQVWUXFWLRQ
 WpOpFRPPDQGH  OpJHUVVLPLODLUHV
3HUIRUPDQFHV 'LVWDQFHPLQLPDOHHQWUHODKRWWHHW
$FFHVVRLUHVHQRSWLRQ 3XLVVDQFHSRVLWLRQLQWHQVLYH OHPRGXOHILOWUHH[WHUQHFP
$$  ࡱ 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ (QPRGHUHF\FODJHFRPPDQGHU
0RGXOHGHUHF\FODJH  ࡱ+7 ODQRUPH(1 REOLJDWRLUHPHQWOHPRGXOHGH
LQFOXDQWILOWUHFKDUERQDFWLI&OHDQ$LU 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ UHF\FODJH&OHDQ$LU
,QR[ (1 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
$$  ࡱ 3UHVVLRQDFRXVWLTXHPHVXUpHVHORQ WDEOHJD]FP PLQLPXPFPVL
0RGXOHGHUHF\FODJH  ࡱ+7 (1 SXLVVDQFHWRWDOHGXJD]VXSpULHXUH
LQFOXDQWILOWUHFKDUERQDFWLI&OHDQ$LU 5pGXFWLRQGHVRGHXUVHQUHF\FODJH jN: 
%ODQF VHORQ(1 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
$$  ࡱ 3XLVVDQFHHQpYDFXDWLRQ DSSDUHLOGHFXLVVRQpOHFWULTXHFP
ILOWUH&OHDQ$LUSRXU  ࡱ+7 PóK /HPRGHUHF\FODJHQ
HVWSDV
XQHIRUWHUpGXFWLRQGHVRGHXUVJUkFH G% $ UHS: UHFRPPDQGpGDQVOHFDVGH
jODJUDQGHVXUIDFHGHILOWUDWLRQ 3XLVVDQFHHQUHF\FODJH O
LQVWDOODWLRQG
XQ9DULR*ULOpOHFWULTXH
3RXUPRGXOHGHUHF\FODJH PóK %LHQV
DVVXUHUGXUDQWO
LQVWDOODWLRQGH
$$HW$$ G% $ UHS: O
pYDFXDWLRQTX
DXFXQERUGWUDQFKDQWHW
$$ DXFXQREVWDFOHQ
REVWUXHQWODFRQGXLWH
$$  ࡱ &DUDFWpULVWLTXHV 6LOHFRQGXLWG
XQHKRWWHHQPRGH
ILOWUHjFKDUERQDFWLI  ࡱ+7 YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
UpJpQpUDQWSRXUPRGXOHGHUHF\FODJH LQWHQVLYH FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
$$HW$$ 7pOpFRPPDQGHOLYUpHGHVpULH RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
$$ )RQFWLRQ$XWRPDWLTXHDYHF ODKRWWHGRLWrWUHSUpYXDYHFXQH
WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU IRQFWLRQGHVpFXULWpDGDSWpH
&RPELQDEOHDYHF )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWH 3RLGVGHO
DSSDUHLOHQYLUNJ
7RXVOHV9DULRGHFXLVVRQ6pULH PLQ
7RXVOHV9DULRGHFXLVVRQ6pULH 7pPRLQGHVDWXUDWLRQGXILOWUHj 9DOHXUVGHUDFFRUGHPHQW
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH JUDLVVH 3XLVVDQFHWRWDOH:
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH ,QGLFDWHXUGHVDWXUDWLRQGXILOWUH &kEOHGHUDFFRUGHPHQWPDYHF
jFKDUERQDFWLI SULVH
%RQjVDYRLU )LOWUHDQWLJUDLVVHPpWDOOLTXHODYDEOH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ DXODYHYDLVVHOOH
GHFXLVVRQ )LOWUHVUHFRXYHUWVG
$OXPLQLXPPDVVLI
DQRGLVp*DJJHQDX/LJKW%URQ]H
7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
PRWHXU%/'&
0RWHXURULHQWDEOHVRUWLHG
DLUSRVVLEOH
GHVF{WpV
5DFFRUGF\OLQGULTXH‘PP
&RQWU{OHGHODYHQWLODWLRQEDVpVXUOH
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
WDEOHGHFXLVVRQFRPSDWLEOH 

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

&RQVRPPDWLRQV
&ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j'
&RQVRPPDWLRQpQHUJpWLTXH
N:KDQ
&ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
&ODVVHG
HIILFDFLWpG
pFODLUDJH
&ODVVHG
HIILFDFLWpGXILOWUH
DQWLJUDLVVH(
1LYHDXVRQRUHPLQG%PD[G%
SRVLWLRQQRUPDOH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 
+RWWHGHSODQGHWUDYDLO6pULH &RPELQDEOHDYHF ,QVWDOODWLRQDYHFGHVDSSDUHLOV9DULRGH
$/  7RXVOHV9DULRGHFXLVVRQ6pULH FXLVVRQXQLTXHPHQWSRVVLEOHVDQV
7RXWHVOHVWDEOHVGHFXLVVRQ6pULH FRXYHUFOHV
² +RWWHWpOHVFRSLTXHGHSODQGH 7DEOHVGHFXLVVRQ6pULH 3XLVVDQFHPD[LPDOHGHVWDEOHVGH
WUDYDLOTXLjO
DUUrWVHGLVVLPXOH &,[[&([[ FXLVVRQN:
HQWLqUHPHQWGDQVOHSODQGHWUDYDLO /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
² 6HFRPELQHSDUIDLWHPHQWDYHFOHV %RQjVDYRLU SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
9DULRGHOD6pULH /DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
² (FODLUDJH/('EODQFFKDXGDYHF GHFXLVVRQ UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
$/    ࡱ YDULDWHXUG
LQWHQVLWpSRXUXQ QRWDPPHQWDXQLYHDXGHVGpFRXSHV
,QR[  ࡱ+7 pFODLUDJHRSWLPDO &RQFHUQDQWOHVDXWUHVPDWpULDX[
/DUJHXUFP GXSODQGHFXLVVRQ &DLVVRQVPRWHXUVFRUUHVSRQGDQWV YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
5HF\FODJHXQLTXHPHQW ² &DGUHHQLQR[PDVVLIG
XQH YRLUSDJHV GHWUDYDLO
6DQVPRWHXU pSDLVVHXUGHPPWUDYDLOOpDYHF /
LQWHUYDOOHGHSODQGHWUDYDLOUHVWDQW
$/    ࡱ XQHJUDQGHSUpFLVLRQ PLQPP HQWUHOHVGpFRXSHVGRLW
,QR[  ࡱ+7 ² 3HXWrWUHLQVWDOOpHVXUOHSODQGH rWUHUHQIRUFp,OHVWFRQVHLOOpG
XWLOLVHU
/DUJHXUFP WUDYDLODYHFFDGUHDSSDUHQWRXj ODWUDYHUVH$$
(YDFXDWLRQHWUHF\FODJH IOHXUGHSODQ 3RVVLELOLWpG
LQVWDOOHUXQIRXU
6DQVPRWHXU ² 6DQVPRWHXUFRPELQDEOHDYHFOHV ‡$5 XQLTXHPHQWSRXU$/ DXWRYHQWLOpVRXVSODQORUVTXHOD
FDLVVRQVPRWHXU%/'&*DJJHQDX FRQILJXUDWLRQGXPHXEOHOHSHUPHW
$FFHVVRLUHVG
LQVWDOODWLRQREOLJDWRLUHV 3RXUPLQLPLVHUOHVIXPpHVORUVGHV
$'    ࡱ 3HUIRUPDQFHV FXLVVRQVJULOOpHVHWGHVSRrOpHVVH
3LqFHGHFRQQH[LRQ  ࡱ+7 /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW UpIpUHUDX[PDQXHOVG
XWLOLVDWLRQGHV
SRXUWX\DX[$OXIOH[F\OLQGULTXHVGH GXPRWHXUVpSDUpDVVRFLp 9593
‘PP (QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
3RXU$/jO
DYDQWHWjO
DUULqUH &DUDFWpULVWLTXHV PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
$'    ࡱ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ ‡$5 XQLTXHPHQWSRXU$/ FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
3LqFHGHFRQQH[LRQ  ࡱ+7 LQWHQVLYH RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
SRXUJDLQHVSODWHV‘PPDYHF )RQFWLRQG
DVSLUDWLRQLQWHUPLWWHQWH ODKRWWHGRLWrWUHSUpYXDYHFXQH
ODPHOOHVGHJXLGDJH PLQ IRQFWLRQGHVpFXULWpDGDSWpH
3RXU$/HQGHVVRXV )RQFWLRQWHPSRULVDWLRQPLQ 
$'    ࡱ 7pPRLQGHVDWXUDWLRQGXILOWUHj &RQVHLOVG
LQVWDOODWLRQ
3LqFHGHFRQQH[LRQ  ࡱ+7 JUDLVVH FRPSOpPHQWDLUHVSDJHV
‡$5 XQLTXHPHQWSRXU$/
SRXUJDLQHVSODWHV‘PP )LOWUHVjJUDLVVHPpWDOOLTXHVODYDEOHV
3RXU$/jO
DYDQWHWjO
DUULqUH DXODYHYDLVVHOOH 9DOHXUVGHUDFFRUGHPHQW
(FODLUDJH/('EODQFFKDXG .  3XLVVDQFHWRWDOH:
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX &kEOHGHUDFFRUGHPHQWPDYHF
$$    ࡱ 3XLVVDQFHGHVDPSRXOHV[: SULVH
*ULOOHGHYHQWLODWLRQ  ࡱ+7 ,QWHQVLWpOXPLQHXVHO[ &kEOHUpVHDXP
‡$5 SRXU$/ 
SRXULQVWDOODWLRQHQUHF\FODJH &DFKHVGHVRUWLHG
DLUpFKDQJHDEOHV
$/
&RXOHXULQR[FPLQFOXVOHV (OpPHQWVGHUDFFRUGHPHQWHQRSWLRQ
pOpPHQWVGHIL[DWLRQKDXWHXUDMXVWDEOH
$$    ࡱ &RQVRPPDWLRQV
%DUUHGHUHQIRUWGH  ࡱ+7 /HVYDOHXUVGHFRQVRPPDWLRQ
PHXEOHSRXUKRWWHGHSODQ$/FP FRUUHVSRQGHQWjODFRQILJXUDWLRQ
5HFRPPDQGpHSRXUUHQIRUFHUOHSODQ $/DYHFOHPRWHXU$5
GHWUDYDLOHWHQUHPSODFHPHQWGX &ODVVHG
HIILFDFLWppQHUJpWLTXH$SRXU
FKkVVLV XQHFODVVLILFDWLRQGH$j'
$$    ࡱ &RQVRPPDWLRQpQHUJpWLTXH
%DUUHGHUHQIRUWGH  ࡱ+7 N:KDQ
PHXEOHSRXUKRWWHGHSODQ$/FP &ODVVHG
HIILFDFLWpGXPRWHXU$
5HFRPPDQGpHSRXUUHQIRUFHUOHSODQ &ODVVHG
HIILFDFLWpG
pFODLUDJH(
GHWUDYDLOHWHQUHPSODFHPHQWGX &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH&
FKkVVLV 1LYHDXVRQRUHG%PD[G%
$'    ࡱ SRVLWLRQQRUPDOH
&ROOHFWHXUG
DLU  ࡱ+7 
‘PPF\OLQGULTXH &RQVHLOVG
LQVWDOODWLRQ
[‘PPHQWUpHG
DLUWX\DXURQG 3RXUOHVFDLVVRQVPRWHXUVpSDUpV
3RXUUDFFRUGHPHQWGH[$/DX[ FRUUHVSRQGDQWVHQPRGHpYDFXDWLRQ
PRWHXUV$5$5 RXUHF\FODJHVHUpIpUHUjODSDJH
$'    ࡱ 5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
&ROOHFWHXUG
DLU  ࡱ+7 FkEOHUpVHDX
SRXUJDLQHVSODWHV‘PP )L[HUOHERvWLHUpOHFWURQLTXHGHFRQWU{OH
[‘PPHQWUpHG
DLUJDLQHSODWH VXUODSDURLODWpUDOHGXPHXEOHEDVHW
3RXUUDFFRUGHPHQW$/YHUVOHEDV QRQVXUOHSODQFKHUEDVGXPHXEOHRX
DX[PRWHXUV$5$5 GLUHFWHPHQWVXUOHVRO
$'  ࡱ /HVQRUPHVpQHUJpWLTXHVUHVWULFWLYHV
7X\DXIOH[LEOHSRXU  ࡱ+7 HQ(XURSHQHSHUPHWWHQWSDV
JDLQHSODWH39&‘PP O
LQVWDOODWLRQGHOD$/ ODUJHXU
3RXUOHUDFFRUGHPHQWSDUOHEDVGHOD FP HQpYDFXDWLRQH[WpULHXUH
$/DXFROOHFWHXUG
DLU$' 1RXVUHFRPPDQGRQVG
LQVWDOOHUOD
KRWWHGHSODQGHWUDYDLO$/HQ
$FFHVVRLUHVG
LQVWDOODWLRQHQRSWLRQ PRGHUHF\FODJHDYHFPRWHXUV
$$    ࡱ $/LQVWDOODWLRQDYHF9DULR
0RGXOHDGDSWDWHXU  ࡱ+7 6pULHRX9DULR6pULHRX
SRXUFRQWDFWHXUGHIHQrWUHFRPELQDEOH SODQGHFXLVVRQODUJHXUPD[FP
DYHFPRWHXU6pULHHW6pULH $/LQVWDOODWLRQDYHF9DULR
6pULHRX9DULR6pULHRX
SODQGHFXLVVRQODUJHXUPD[FP
Raccord de tuyau 2 x ∅150 avant/arrière
 Gaine plate avec AD 854 045
Tuyau rond avec AD 754 045

Raccord de tuyau 2 x ∅150 en bas


Gaine plate avec AD 854 043

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

Position des raccordements DN 150

Avant/Arrière
AD 754 045
ou
AD 854 045

En bas
AD 854 043
Découpe et rainure
selon la table de cuisson
&RQILJXUDWLRQVG·LQVWDOODWLRQUHFRPPDQGpHVSRXUKRWWHGHSODQGHWUDYDLO6pULH
HWPRWHXUVVpSDUpV6pULH

%RQjVDYRLU²SRXUXQHSODQL!FDWLRQHWXQHLQVWDOODWLRQFRUUHFWHV

²/HUDFFRUGHPHQWGXWX\DXHVWSRVVLEOHSDUO·DYDQWSDUO·DUULqUHRXSDUOHGHVVRXVGHODKRWWHGHSODQGHWUDYDLO$//HVSLqFHVGHFRQQH[LRQFRUUHVSRQGDQWHVVRQW
GLVSRQLEOHVHWjFRPPDQGHUVHORQODFRQ=JXUDWLRQ
²(QFDVG·LQWpJUDWLRQjO·DUULqUHG·XQHWDEOHGHFXLVVRQJD]LOHVWSRVVLEOHG·XWLOLVHUGHVWX\DX[HQ39&/DSXLVVDQFHPD[LPDOHGHVWDEOHVGHFXLVVRQJD]HVWGHN:
²3RXUXQJXLGDJHRSWLPDOGHO·DLUQRXVFRQVHLOORQVGHVWX\DX[GHGLDPqWUHPP
²/HUDFFRUGHPHQWHQWUHJDLQHVSODWHVHWWX\DX[URQGVGRLWVHIDLUHjO·DLGHG·XQHSLqFHGHFRQQH[LRQ
²FRXGHV SDUH[ƒKRUL]RQWDODYHFƒYHUWLFDO QpFHVVLWHQWG·rWUHUDFFRUGpVSDUXQPRUFHDXGHJDLQHSODWHTXLVHUDDGDSWpjODORQJXHXUGpVLUpH
²8QHERQQHpWDQFKpLWpGHVJDLQHVHVWWUqVLPSRUWDQWHSRXUpYLWHUOHVIXLWHVG·DLUHOOHSHXWVHIDLUHjO·DLGHGHO·DGKpVLI$' UpVLVWDQWjODFKDOHXUHWDX[89 
²/HVQRUPHVpQHUJpWLTXHVUHVWULFWLYHVHQ(XURSHQHSHUPHWWHQWSDVO
LQVWDOODWLRQGHOD$/ ODUJHXUFP HQpYDFXDWLRQH[WpULHXUH1RXVUHFRPPDQGRQVG
LQVWDOOHU
ODKRWWHGHSODQGHWUDYDLO$/HQPRGHUHF\FODJHDYHFPRWHXUV YRLUFRQ=JXUDWLRQG
LQVWDOODWLRQ 
²/HV9DULRGHFXLVVRQDYHFXQHIRUPDWLRQLQWHQVLYHGHYDSHXUWHOVTXH9DULR7HSSDQ<DNL9DULR*ULOpOHFWULTXHGRLYHQWrWUHSODFpVDXFHQWUH
SDUUDSSRUWjO·DSSDUHLOGHYHQWLODWLRQGDQVOHFDVG·XQ9DULR*ULOpOHFWULTXHOHPRGHUHF\FODJHQ·HVWSDVUHFRPPDQGp
²)L[HUOHERvWLHUpOHFWURQLTXHGHPDQLqUHVpFXULVpHjODSDURLODWpUDOHGXPHXEOHEDVQHSDVOHSODFHUVXUOHSODQFKHULQIpULHXURXVXUOHVRO

&RQILJXUDWLRQG·LQVWDOODWLRQ &RQILJXUDWLRQG·LQVWDOODWLRQ
[$/DYHF$5 pYDFXDWLRQH[WpULHXUH $5 UHF\FODJH [$/DYHF$5 pYDFXDWLRQH[WpULHXUH $5 UHF\FODJH
5DFFRUGHPHQWSDUO·DYDQWDYHFJDLQHSODWHRX$OXIOH[‘PP 5DFFRUGHPHQWSDUOHEDVDYHFJDLQHSODWH‘PP
LQVWDOODWLRQGDQVOHPHXEOHEDV LQVWDOODWLRQGDQVOHPHXEOHEDV

%RQjVDYRLU %RQjVDYRLU
²/HFROOHFWHXUG·DLUSHXWrWUHYLVVpGLUHFWHPHQWVXUOHPRWHXU/DSLqFHVHUYDQW ²/HFROOHFWHXUG·DLUSHXWrWUHYLVVpGLUHFWHPHQWVXUOHPRWHXU/DSLqFHVHUYDQWGH
GHUpGXFWHXU OLYUpHGHVpULH Q·DSDVEHVRLQG·rWUHLQVWDOOpHGDQVFHFDV UpGXFWHXU OLYUpHGHVpULH Q·DSDVEHVRLQG·rWUHLQVWDOOpHGDQVFHFDV
²3RXUXQHSHUIRUPDQFHRSWLPDOHLOHVWQpFHVVDLUHG
DYRLUVXIILVDPPHQWG
HVSDFH ²3RXUXQHSHUIRUPDQFHRSWLPDOHLOHVWQpFHVVDLUHG
DYRLUVXIILVDPPHQWG
HVSDFH
SRXUO
pYDFXDWLRQGHO
DLUUHF\FOp PLQFPòSDUPRWHXU 1RXVYRXVFRQVHLOORQV SRXUO
pYDFXDWLRQGHO
DLUUHF\FOp PLQFPòSDUPRWHXU 1RXVYRXVFRQVHLOORQV
G
LQVWDOOHUODJULOOHGHYHQWLODWLRQ$$ G
LQVWDOOHUODJULOOHGHYHQWLODWLRQ$$

/LVWHGHVDFFHVVRLUHV /LVWHGHVDFFHVVRLUHV
²[$' SLqFHGHFRQQH[LRQSRXUJDLQHVURQGHV[‘PP ²[$' SLqFHGHFRQQH[LRQSRXUJDLQHVSODWHVSDUOHGHVVRXV
²[$' UDFFRUGJDLQHSODWHDGDSWDWHXUF\OLQGULTXHƒ [‘PP
²[$' FROOHFWHXUG·DLUJDLQHSODWHSRXU$/‘PP ²[$' FROOHFWHXUG·DLUJDLQHSODWHSRXU$/‘PP
²[$' WX\DXIOH[LEOHSRXUJDLQHSODWH‘PP ²[$' WX\DXIOH[LEOHSRXUJDLQHSODWH‘PP
²[$' DGKpVLISRXUpWDQFKpLILHUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ ²[$' DGKpVLISRXUpWDQFKpLILHUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ



* Toutes les tables de cuisson avec une profondeur de découpe 492 : min.750 * Toutes les tables de cuisson avec une profondeur de découpe 492 : min.750
$SSDUHLOVG
DVSLUDWLRQ 
+RWWHGHSODQGHWUDYDLO6pULH &RQVRPPDWLRQV
$/  &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j'
² +RWWHWpOHVFRSLTXHGHSODQGH &RQVRPPDWLRQpQHUJpWLTXH
WUDYDLOTXLjO
DUUrWGLVSDUDvW N:KDQ
HQWLqUHPHQWGDQVOHSODQGHWUDYDLO &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
² ,QVWDOODWLRQjIOHXUGHSODQ &ODVVHG
HIILFDFLWpG
pFODLUDJH
² &RPELQDLVRQSDUIDLWHSRXUXQH &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
೦1RXYHDX LQVWDOODWLRQjIOHXUGHSODQGDQV 1LYHDXVRQRUHPLQ'%PD['%
$/೦  ࡱ XQHVHXOHGpFRXSHDYHFWDEOH)OH[ SRVLWLRQQRUPDOH
*DJJHQDX ࡱ+7 ,QGXFWLRQ6pULHHW&;
%ODFN9HUUH VDQVFDGUHFP &RQVHLOVG
LQVWDOODWLRQ
+RPH&RQQHFW ² 3DQQHDXGHYHUUHWUDQVSDUHQWSRXU &RPSDWLEOHDYHFOHVWDEOHVLQGXFWLRQ
/DUJHXUFP XQHLQWpJUDWLRQGLVFUqWHGDQV VDQVFDGUHGHOD6pULH &; 
 O
HQYLURQQHPHQWGHODFXLVLQH RXGHOD6pULH &,&, 
$FFHVVRLUHVG
LQVWDOODWLRQ ² (FODLUDJHG
DPELDQFHGLIIXVpSDU SRXUXQHLQVWDOODWLRQjIOHXUGHSODQ
$$   ࡱ OHSDQQHDXGHYHUUH GDQVXQHVHXOHGpFRXSH
.LWSRXULQVWDOODWLRQ  ࡱ+7 ² 7HFKQRORJLH*XLGHG$LUTXLDVVXUH 3RXUXQHLQVWDOODWLRQGDQVXQHVHXOH
$/HW$/GHIDoRQ XQIRUWWDX[GHFDSWDWLRQGHV GpFRXSHO
DFFHVVRLUHG
LQVWDOODWLRQ
FODVVLTXHVXUOHSODQGHWUDYDLO YDSHXUVVXUO
HQVHPEOHGHODWDEOH FRUUHVSRQGDQWGRLWrWUHSODFpHQWUHOHV
&RPSUHQGSLqFHV jSODFHUjFKDTXH GHFXLVVRQ DSSDUHLOV,OFRPSUHQGXQHEDUUHWWH
H[WUpPLWpGHODKRWWH SDUWLHYLVLEOHHQ GHMRQFWLRQHWGHVEDUUHVGHUHQIRUW
DOXPLQLXPDQRGLVpQRLUHWSODTXHGH 3HUIRUPDQFHV SRXUDVVXUHUODVWDELOLWpGXPHXEOH
IL[DWLRQVRXVOHSURILOpDOXPLQLXPGHOD 3XLVVDQFHSRVLWLRQLQWHQVLYH EDV
KRWWH$/ 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ /DKRWWHGHSODQGHWUDYDLOSHXWrWUH
$$  ࡱ ODQRUPH(13XLVVDQFH LQVWDOOpHVRLWGDQVXQPHXEOHEDVVRLW
.LWSRXULQVWDOODWLRQ  ࡱ+7 DFRXVWLTXHPHVXUpHVHORQ HQWUHGHX[PHXEOHVEDV H[LQVWDOODWLRQ
GXPRWHXUjGLVWDQFH GLVWDQFHPD[LPDOH (13UHVVLRQDFRXVWLTXH GDQVXQvORWSURIRQGHXUVXSpULHXUHj
P  PHVXUpHVHORQ(1 FP 
&RPELQDEOHDYHFODKRWWHGHSODQGH 5pGXFWLRQGHVRGHXUVHQUHF\FODJH /DUJHXUGHVPHXEOHVEDVFPFP
WUDYDLO$/ VHORQ(1 RXFP
9$  ࡱ 3XLVVDQFHHQpYDFXDWLRQ 3RXUDVVXUHUXQHSHUIRUPDQFH
.LWG
LQVWDOODWLRQ  ࡱ+7 PóK G
DVSLUDWLRQRSWLPDOHLOHVWGpFRQVHLOOp
SRXUXQHLQVWDOODWLRQGDQVXQHVHXOH G% $ UHS: G
LQVWDOOHUGHVPHXEOHVKDXWVDXGHVVXV
GpFRXSHGHSODQGHWUDYDLO 5HF\FODJH DYHFOHVILOWUHVFKDUERQ GHODKRWWHGHSODQGHWUDYDLO
&RPELQDEOHDYHFODKRWWHGHSODQGH DFWLI&OHDQ$LUVWDQGDUG  /HVGLVWDQFHVVXLYDQWHVGRLYHQWrWUH
WUDYDLO$/ PóK UHVSHFWpHV
&RPSRVpG
XQHEDUUHWWHGHMRQFWLRQHW G% $ UHS: FPjJDXFKHHWjGURLWHHQWUHOD
GHEDUUHVGHUHQIRUWSRXUDVVXUHUOD KRWWHGHSODQGHWUDYDLOHWXQPXU
VWDELOLWpGXPHXEOHEDV &DUDFWpULVWLTXHV ODWpUDORXGHVPHXEOHVDGMDFHQWV
&RPSDWLEOHDYHFGHVPHXEOHVGH &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOD FPHQWUHOHFDGUHGHODKRWWHGH
ODUJHXUFPFPRXFP WDEOHGHFXLVVRQ SODQGHWUDYDLOHWOHPXU
 )RQFWLRQ$XWRPDWLTXHDYHF FPHQWUHOD]RQHG
DVSLUDWLRQGX
$FFHVVRLUHVHQRSWLRQ WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU *XLGHG$LUHWODSDURLG
XQPHXEOH
$$    ࡱ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ DGMDFHQW
)LOWUHVjFKDUERQ ࡱ+7 LQWHQVLYH /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
&OHDQ$LUGHUHPSODFHPHQWSRXU 7pPRLQGHVDWXUDWLRQGXILOWUHjJUDLVVH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
PRGXOHVGHUHF\FODJH$$ ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
HW$$ FKDUERQDFWLI UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
$$  ࡱ ILOWUHVjJUDLVVHPpWDOOLTXHVJUDQGH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
0RGXOHGHUHF\FODJH  ࡱ+7 VXUIDFHOLYUpVGHVpULHIDFLOHVjUHWLUHU &RQFHUQDQWOHVDXWUHVPDWpULDX[
GHO
DLULQFOXDQWOHVILOWUHVjFKDUERQ HWODYDEOHVDXODYHYDLVVHOOH YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
&OHDQ$LU 6pFXULWpDQWLGpERUGHPHQWPOGH GHWUDYDLO
&RPELQDEOHDYHFODKRWWHGHSODQ FDSDFLWpDXQLYHDXGXILOWUHjJUDLVVHHW 3RXUO
LQVWDOODWLRQGXPRWHXUjGLVWDQFH
GHWUDYDLO$/ FDSDFLWpVXSSOpPHQWDLUHGHPODX LOIDXWFRPPDQGHUOHNLWG
LQVWDOODWLRQ
5pGXFWLRQGHVRGHXUV! QLYHDXGXPRWHXU FRUUHVSRQGDQW TXLFRPSUHQGOHV
$GDSWpjODSUpSDUDWLRQGHVSRLVVRQV )LOWUHjFKDUERQDFWLI&OHDQ$LU FRXYHUFOHVSRXUREWXUHUOHVVRUWLHV
HWIUXLWVGHPHUJUkFHjXQWUDLWHPHQW IDFLOHPHQWH[WUDFWLEOHVSDUOHKDXWSRXU G
DLU 'LVWDQFHPD[LPDOHP
VSpFLDO OHPRGHUHF\FODJHGHO
DLU (QPRGHpYDFXDWLRQSUpYRLU
3URWHFWLRQFRQWUHOHVSDUWLFXOHV &DGUHHQDOXPLQLXPDQRGLVp O
LQVWDOODWLRQG
XQFODSHWDQWLUHWRXUDYHF
DOOHUJqQHVJUkFHjXQWUDLWHPHQWVSpFLDO *DJJHQDX%ODFN XQHSUHVVLRQG
RXYHUWXUHGHPD[3D
$$  ࡱ SDQQHDXGHFRPPDQGHSRXUOH (QPRGHpYDFXDWLRQH[WpULHXUHLOIDXW
0RGXOHGHUHF\FODJH  ࡱ+7 UpJODJHGHVQLYHDX[SXLVVDQFHVHW WRXMRXUVV
DVVXUHUG
XQDSSRUWG
DLU
GHO
DLUDYHFILOWUHVjFKDUERQDFWLI SDQQHDXGHFRPPDQGHSRXUOH H[WpULHXUVXIILVDQWVLO
DSSDUHLOHVW
UpJpQpUDEOHV FRQWU{OHGHODWHFKQRORJLH*XLGHG$LU XWLOLVpHQPrPHWHPSVTX
XQIR\HUDYHF
&RPELQDEOHDYHFODKRWWHGHSODQ 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH FKHPLQpH
GHWUDYDLO$/ PRWHXU%/'& 3RXUXQHSHUIRUPDQFHRSWLPDOHHQ
5pGXFWLRQGHVRGHXUV! )OH[LELOLWpG
LQVWDOODWLRQGXPRWHXUVRLWj PRGHUHF\FODJHQRXVUHFRPPDQGRQV
5HWUDLWIDFLOHGXPRGXOHGHUHF\FODJH O
DYDQWGHODKRWWH SRXUXQHLQVWDOODWLRQ XQHVXUIDFHG
DXPRLQVFPòSRXU
SDUOHGHVVXVGHODKRWWHSRXU PXUDOHFRPSDFWH VRLWjO
DUULqUH VDQV ODFLUFXODWLRQGHO
DLUUHF\FOp
UpJpQpUDWLRQ SHUWHGHSODFHGDQVOHVWLURLUVSODFpV 8QPRGXOHGHUHF\FODJHGHO
DLUHVW
5pJpQpUDWLRQGDQVOHIRXUjƒ& VRXVODWDEOHGHFXLVVRQ VRLWVpSDUpH REOLJDWRLUHSRXUOHIRQFWLRQQHPHQWGH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH GHODKRWWH GLVWDQFHPD[P  O
DSSDUHLOHQPRGHUHF\FODJH
jFKDUERQDFWLISRVVLELOLWpGHOH
UpJpQpUHUMXVTX
jIRLV 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 9DOHXUVGHUDFFRUGHPHQW
PRGH'LJLWDO +RPH&RQQHFW  3XLVVDQFHWRWDOH:
&RPELQDEOHDYHF /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH &kEOHGHUDFFRUGHPHQWPDYHFSULVH
7DEOHVGHFXLVVRQ6pULH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp &RQVRPPDWLRQHQPRGHYHLOOHGLVSOD\
&,VDQVFDGUH GHVVHUYLFHV+RPH&RQQHFWGDQVOH pWHLQW:
7DEOHGHFXLVVRQ6pULH&; SD\VUHVSHFWLI/HVVHUYLFHV+RPH
VDQVFDGUH &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
'LVSRQLELOLWp$YULO ZZZKRPHFRQQHFWFRP
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

$(SDLVVHXUGHODIDoDGHDYDQW
%•PPSRXUODFLUFXODWLRQGHO
DLUUHF\FOp
•PPSRXUO
pYDFXDWLRQGHO
DLUDYHFGHVFRQGXLWVGDQVODSOLQWKH
&•PPSRXUO
pYDFXDWLRQGHO
DLUDYHFGHVFRQGXLWVGDQVODSOLQWKH
'$XPRLQVFPHQWUHOD]RQHG
DVSLUDWLRQ*XLGHG$LUHWODSDURLDUULqUH
GXPHXEOHEDV
0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP
+RWWHGHSODQGHWUDYDLO6pULH &RQVRPPDWLRQV
$/  &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j'
² +RWWHWpOHVFRSLTXHGHSODQGH &RQVRPPDWLRQpQHUJpWLTXH
WUDYDLOTXLjO
DUUrWGLVSDUDvW N:KDQ
HQWLqUHPHQWGDQVOHSODQGHWUDYDLO &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
² &RPELQDLVRQSDUIDLWHSRXUXQH &ODVVHG
HIILFDFLWpG
pFODLUDJH
LQVWDOODWLRQjIOHXUGHSODQGDQV &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
೦1RXYHDX XQHVHXOHGpFRXSHDYHFWDEOH 1LYHDXVRQRUHPLQ'%PD['%
$/೦  ࡱ )OH[,QGXFWLRQ6pULHHW&; SRVLWLRQQRUPDOH
*DJJHQDX ࡱ+7 VDQVFDGUHFP
%ODFN9HUUH ² (FUDQHQYHUUHWUDQVSDUHQWSRXU &RQVHLOVG
LQVWDOODWLRQ
+RPH&RQQHFW XQHLQWpJUDWLRQGLVFUqWHGDQV &RPSDWLEOHDYHFOHVWDEOHVLQGXFWLRQ
/DUJHXUFP O
HQYLURQQHPHQWGHODFXLVLQH VDQVFDGUHGHOD6pULH &;
 ² (FODLUDJHG
DPELDQFHGLIIXVpSDU RXGHOD6pULH &, SRXUXQH
$FFHVVRLUHVG
LQVWDOODWLRQ O
pFUDQHQYHUUH LQVWDOODWLRQjIOHXUGHSODQGDQVXQH
$$   ࡱ ² 7HFKQRORJLH*XLGHG$LUTXLDVVXUH VHXOHGpFRXSH
.LWSRXULQVWDOODWLRQ  ࡱ+7 XQIRUWWDX[GHFDSWDWLRQGHVYDSHXUV 3RXUXQHLQVWDOODWLRQGDQVXQHVHXOH
$/HW$/GHIDoRQ VXUO
HQVHPEOHGHODWDEOHGHFXLVVRQ GpFRXSHO
DFFHVVRLUHG
LQVWDOODWLRQ
FODVVLTXHVXUOHSODQGHWUDYDLO FRUUHVSRQGDQWGRLWrWUHSODFpHQWUHOHV
&RPSUHQGSLqFHV jSODFHUjFKDTXH 3HUIRUPDQFHV DSSDUHLOV,OFRPSUHQGXQHEDUUHWWH
H[WUpPLWpGHODKRWWH SDUWLHYLVLEOHHQ 3XLVVDQFHSRVLWLRQLQWHQVLYH GHMRQFWLRQHWGHVEDUUHVGHUHQIRUW
DOXPLQLXPDQRGLVpQRLUHWSODTXHGH 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ SRXUDVVXUHUODVWDELOLWpGXPHXEOHEDV
IL[DWLRQVRXVOHSURILOpDOXPLQLXPGHOD ODQRUPH(1 /DKRWWHGHSODQGHWUDYDLOSHXWrWUH
KRWWH$/ 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ LQVWDOOpHVRLWGDQVXQPHXEOHEDVVRLW
$$  ࡱ (1 HQWUHGHX[PHXEOHVEDV H[LQVWDOODWLRQ
.LWSRXULQVWDOODWLRQ  ࡱ+7 3UHVVLRQDFRXVWLTXHPHVXUpHVHORQ GDQVXQvORWSURIRQGHXUVXSpULHXUHj
GXPRWHXUjGLVWDQFH GLVWDQFH (1 FP 
PD[LPDOHP  5pGXFWLRQGHVRGHXUVHQUHF\FODJH /DUJHXUGHVPHXEOHVEDVFP
&RPELQDEOHDYHFODKRWWHGHSODQGH VHORQ(1 FPRXFP
WUDYDLO$/ 3XLVVDQFHHQpYDFXDWLRQ 3RXUDVVXUHUXQHSHUIRUPDQFH
9$  ࡱ PóK G
DVSLUDWLRQRSWLPDOHLOHVWGpFRQVHLOOp
.LWG
LQVWDOODWLRQ  ࡱ+7 G% $ UHS: G
LQVWDOOHUGHVPHXEOHVKDXWVDXGHVVXV
SRXUXQHLQVWDOODWLRQGDQVXQHVHXOH 5HF\FODJH DYHFOHVILOWUHVFKDUERQ GHODKRWWHGHSODQGHWUDYDLO
GpFRXSHGHSODQGHWUDYDLO DFWLI&OHDQ$LUVWDQGDUG  /HVGLVWDQFHVVXLYDQWHVGRLYHQWrWUH
&RPELQDEOHDYHFODKRWWHGHSODQGH PóK UHVSHFWpHV
WUDYDLO$/ G% $ UHS: FPjJDXFKHHWjGURLWHHQWUH
&RPSRVpG
XQHEDUUHWWHGHMRQFWLRQ 5pGXFWLRQGHVRGHXUV! ODKRWWHGHSODQGHWUDYDLOHWXQPXU
HWGHEDUUHVGHUHQIRUWSRXUDVVXUHU ODWpUDORXGHVPHXEOHVDGMDFHQWV
ODVWDELOLWpGXPHXEOHEDV &DUDFWpULVWLTXHV FPHQWUHOHFDGUHGHODKRWWHGH
&RPSDWLEOHDYHFGHVPHXEOHVGH &RQWU{OHGHODYHQWLODWLRQEDVpHVXUOD SODQGHWUDYDLOHWOHPXU
ODUJHXUFPFPRXFP WDEOHGHFXLVVRQ FPHQWUHOD]RQHG
DVSLUDWLRQGX
)RQFWLRQ$XWRPDWLTXHDYHF *XLGHG$LUHWODSDURLG
XQPHXEOH
$FFHVVRLUHVHQRSWLRQ WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU DGMDFHQW
$$    ࡱ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
)LOWUHVjFKDUERQ ࡱ+7 LQWHQVLYH SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
&OHDQ$LUGHUHPSODFHPHQWSRXU 7pPRLQGHVDWXUDWLRQGXILOWUHjJUDLVVH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
PRGXOHVGHUHF\FODJH$$ ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
HW$$ FKDUERQDFWLI QRWDPPHQWDXQLYHDXGHVGpFRXSHV
$$  ࡱ ILOWUHVjJUDLVVHPpWDOOLTXHVJUDQGH &RQFHUQDQWOHVDXWUHVPDWpULDX[
0RGXOHGHUHF\ODJH  ࡱ+7 VXUIDFHOLYUpVGHVpULHIDFLOHVjUHWLUHU YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
GHO
DLULQFOXDQWOHVILOWUHVjFKDUERQ HWODYDEOHVDXODYHYDLVVHOOH GHWUDYDLO
&OHDQ$LU 6pFXULWpDQWLGpERUGHPHQWPOGH 3RXUO
LQVWDOODWLRQGXPRWHXUjGLVWDQFH
&RPELQDEOHDYHFODKRWWHGHSODQ FDSDFLWpDXQLYHDXGXILOWUHjJUDLVVHHW LOIDXWFRPPDQGHUOHNLWG
LQVWDOODWLRQ
GHWUDYDLO$/ FDSDFLWpVXSSOpPHQWDLUHGHPODX FRUUHVSRQGDQW TXLFRPSUHQGOHV
5pGXFWLRQGHVRGHXUV! QLYHDXGXPRWHXU FRXYHUFOHVSRXUREWXUHUOHVVRUWLHV
$GDSWpjODSUpSDUDWLRQGHVSRLVVRQV )LOWUHjFKDUERQDFWLI&OHDQ$LU G
DLU 'LVWDQFHPD[LPDOHP
HWIUXLWVGHPHUJUkFHjXQWUDLWHPHQW IDFLOHPHQWH[WUDFWLEOHVSDUOHKDXWSRXU (QPRGHpYDFXDWLRQSUpYRLUO
LQVWDOODWLRQ
VSpFLDO OHPRGHUHF\FODJHGHO
DLU G
XQFODSHWDQWLUHWRXUDYHFXQHSUHVVLRQ
3URWHFWLRQFRQWUHOHVSDUWLFXOHV &DGUHHQDOXPLQLXPDQRGLVp G
RXYHUWXUHGHPD[3D
DOOHUJqQHVJUkFHjXQWUDLWHPHQWVSpFLDO *DJJHQDX%ODFN (QPRGHpYDFXDWLRQH[WpULHXUHLOIDXW
$$  ࡱ SDQQHDXGHFRPPDQGHSRXUOH WRXMRXUVV
DVVXUHUG
XQDSSRUWG
DLU
0RGXOHGHUHF\ODJH  ࡱ+7 UpJODJHGHVQLYHDX[SXLVVDQFHVHW H[WpULHXUVXIILVDQWVLO
DSSDUHLOHVW
GHO
DLUDYHFILOWUHVjFKDUERQDFWLI SDQQHDXGHFRPPDQGHSRXUOH XWLOLVpHQPrPHWHPSVTX
XQIR\HUDYHF
UpJpQpUDEOHV FRQWU{OHGHODWHFKQRORJLH*XLGHG$LU FKHPLQpH
&RPELQDEOHDYHFODKRWWHGHSODQ 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH 3RXUXQHSHUIRUPDQFHRSWLPDOHHQ
GHWUDYDLO$/ PRWHXU%/'& PRGHUHF\FODJHQRXVUHFRPPDQGRQV
5pGXFWLRQGHVRGHXUV! )OH[LELOLWpG
LQVWDOODWLRQGXPRWHXU XQHVXUIDFHG
DXPRLQVFPòSRXU
5HWUDLWIDFLOHGXPRGXOHGHUHF\FODJH VRLWjO
DYDQWGHODKRWWH SRXUXQH ODFLUFXODWLRQGHO
DLUUHF\FOp
SDUOHGHVVXVGHODKRWWHSRXU LQVWDOODWLRQPXUDOHFRPSDFWH VRLWj 8QPRGXOHGHUHF\FODJHGHO
DLUHVW
UpJpQpUDWLRQ O
DUULqUH VDQVSHUWHGHSODFHGDQVOHV REOLJDWRLUHSRXUOHIRQFWLRQQHPHQWGH
5pJpQpUDWLRQGDQVOHIRXUjƒ& WLURLUVSODFpVVRXVODWDEOHGHFXLVVRQ  O
DSSDUHLOHQPRGHUHF\FODJH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH VRLWVpSDUpHGHODKRWWH 
jFKDUERQDFWLISRVVLELOLWpGHOH 9DOHXUVGHUDFFRUGHPHQW
UpJpQpUHUMXVTX
jIRLV 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 3XLVVDQFHWRWDOH:
PRGH'LJLWDO +RPH&RQQHFW  &kEOHGHUDFFRUGHPHQWPDYHF
&RPELQDEOHDYHF /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH SULVH
7DEOHGHFXLVVRQ6pULH&, &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp &RQVRPPDWLRQ6WDQGE\'LVSOD\
VDQVFDGUH GHVVHUYLFHV+RPH&RQQHFWGDQVOH pWHLQW:
7DEOHGHFXLVVRQ6pULH&; SD\VUHVSHFWLI/HVVHUYLFHV+RPH 3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
VDQVFDGUH &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV UpIpUHUjODQRWLFHG
XWLOLVDWLRQ
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
'LVSRQLELOLWp0DUV ZZZKRPHFRQQHFWFRP
'LVSRQLELOLWp$YULO /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

&RPSDWLEOHDYHFOHVWDEOHVGHFXLVVRQVDQVFDGUHGHOD6pULH
&; RX6pULH &,

0HVXUHVHQPP

0HVXUHVHQPP

0HVXUHVHQPP

$(SDLVVHXUGHODIDoDGHDYDQW
%•PPSRXUODFLUFXODWLRQGHO
DLUUHF\FOp
•PPSRXUO
pYDFXDWLRQGHO
DLUDYHFGHVFRQGXLWVGDQVODSOLQWKH
&•PPSRXUO
pYDFXDWLRQGHO
DLUDYHFGHVFRQGXLWVGDQVODSOLQWKH
'$XPRLQVFPHQWUHOD]RQHG
DVSLUDWLRQ*XLGHG$LUHWODSDURLDUULqUH
GXPHXEOHEDV
0HVXUHVHQPP

9XHGHGHVVXV
0HVXUHVHQPP &RPSDWLEOHDYHFOHVWDEOHVGHFXLVVRQVDQVFDGUHGHOD6pULH
&; RX6pULH &,

0HVXUHVHQPP
9DULR$pUDWHXU6pULH &DLVVRQVPRWHXUVFRUUHVSRQGDQWV &RQVHLOVG
LQVWDOODWLRQ
9/  YRLUSDJHV ,OHVWUHFRPPDQGpG
LQVWDOOHUXQ
PRWHXUSDU9/
² 3RXUXQHFRPELQDLVRQSDUIDLWHj /HPRGHUHF\FODJHQ
HVWSDV
IOHXUGHSODQDYHFOHVDXWUHV UHFRPPDQGpGDQVOHFDVGH
DSSDUHLOV9DULRGHOD6pULH O
LQVWDOODWLRQG
XQ9DULR*ULOpOHFWULTXH
² &DGUHHQLQR[PDVVLIG
XQH /DUJHXUPD[LPDOHGHODSODTXHGH
pSDLVVHXUGHPPWUDYDLOOpDYHF ‡$5 FXLVVRQHQWUH9/FP
XQHJUDQGHSUpFLVLRQ /H9DULR*ULOpOHFWULTXHHWOH9DULR*D]
² /LYUpDYHFERXWRQGHFRPPDQGH :RNGRLYHQWrWUHSODFpVHQWUH9/
HQLQR[PDVVLI (QFDVG
XWLOLVDWLRQjF{WpG
XQDSSDUHLO
² 6\VWqPHGHYHQWLODWLRQWUqV JD]OHGpIOHFWHXUG
DLU$$
SHUIRUPDQWHWSDUWLFXOLqUHPHQW HVWUHFRPPDQGpSRXUDVVXUHUOD
೦1RXYHDX VLOHQFLHX[QRWDPPHQWDYHFOH SHUIRUPDQFHPD[LPDOHGHODWDEOHGH
9/  ೦ ࡱ FDLVVRQPRWHXUVpSDUp$5 FXLVVRQ
,QR[  ࡱ+7 ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH ‡$5 /
DSSDUHLOV
LQWqJUHGDQVOHSODQGH
/DUJHXUFP SDU6HQVRUDGDSWHODSXLVVDQFH WUDYDLOSDUOHGHVVXV
(YDFXDWLRQH[WpULHXUHRXPRGH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV 6HORQOHW\SHG
LQVWDOODWLRQ VXUOHSODQ
UHF\FODJH GHFXLVVRQ DYHFFDGUHDSSDUHQWRXjIOHXUGH
6DQVPRWHXU ² 3ODQLILFDWLRQHWLQVWDOODWLRQIDFLOHV SODQ O
HPSODFHPHQWGHODGpFRXSHGX
SODQGHWUDYDLOHWOHSRVLWLRQQHPHQWGHV
$FFHVVRLUHVG
LQVWDOODWLRQ 3HUIRUPDQFHV ERXWRQVGHFRPPDQGHSHXYHQWYDULHU
$'  ࡱ /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW ‡$5 /RUVG
XQHFRPELQDLVRQGHSOXVLHXUV
3LqFHGHFRQQH[LRQ  ࡱ+7 GXPRWHXUVpSDUpDVVRFLpYRLUWDEOHDX 9DULR6pULHXQHEDUUHWWHGH
IOH[LEOHSRXU9/HW9/ SDJH MRQFWLRQ9$GRLWrWUHLQVpUpHHQWUH
‘PPSODW FKDTXHDSSDUHLO3UpYRLUODEDUUHWWH
$'  ࡱ &DUDFWpULVWLTXHV GHMRQFWLRQDGpTXDWHVHORQOHW\SH
3LqFHGHFRQQH[LRQ  ࡱ+7 %RXWRQGHFRPPDQGHDYHFDQQHDX G
LQVWDOODWLRQ
SRXU9/HW9/SRXUH[WHQVLRQ OXPLQHX[LQFOXVGDQVODOLYUDLVRQ ‡$5 /DFKDUJHDGPLVVLEOHHWODVWDELOLWp
DYHFJDLQHSODWH‘PPSRXUSODQ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ GRLYHQWrWUHDVVXUpHVSDUGHVUHQIRUWV
GHWUDYDLOWUqVSURIRQG LQWHQVLYH DSSURSULpVHQSDUWLFXOLHUGDQVOHFDV
9$    ࡱ )RQFWLRQ$XWRPDWLTXHDYHF GHSODQVGHWUDYDLOPLQFHV/HSRLGVGH
%DUUHWWHGHMRQFWLRQ  ࡱ+7 WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU O
DSSDUHLOHWOHSRLGVVXSSOpPHQWDLUH
SRXULQVWDOODWLRQjIOHXUGHSODQGH )LOWUHDQWLJUDLVVHPpWDOOLTXHDYHFXQ GHVUpFLSLHQWVFKDUJpVVRQWjSUHQGUH
SOXVLHXUVDSSDUHLOV9DULR6pULH IRUWWDX[G
DEVRUSWLRQGHVJUDLVVHV HQFRQVLGpUDWLRQ
9$    ࡱ )LOWUHDQWLJUDLVVHODYDEOHDXODYHYDLVVHOOH ,QIRUPDWLRQVFRPSOpPHQWDLUHVSRXU
%DUUHWWHGHMRQFWLRQ  ࡱ+7 7pPRLQGHVDWXUDWLRQGHVILOWUHV XQHLQVWDOODWLRQjIOHXUGHSODQGH
SRXULQVWDOODWLRQFODVVLTXHVXUOHSODQ DQWLJUDLVVHHWFKDUERQDFWLI ‡$5 WUDYDLO
GHWUDYDLOGHSOXVLHXUVDSSDUHLOV9DULR )OX[G
DLULQWpULHXURSWLPLVpSRXU /
LQVWDOODWLRQHVWSRVVLEOHGDQVGHV
6pULH XQJXLGDJHGHODFLUFXODWLRQGHO
DLU SODQVGHWUDYDLOHQSLHUUHV\QWKpWLTXHV
HIILFDFH RXHQERLVPDVVLI)DLUHDWWHQWLRQjOD
$FFHVVRLUHVHQRSWLRQ )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ UpVLVWDQFHWKHUPLTXHHWjO
pWDQFKpLWp
$$  ࡱ *ULOOHGHYHQWLODWLRQpPDLOOpHODYDEOH QRWDPPHQWDXQLYHDXGHVGpFRXSHV
0RGXOHDGDSWDWHXU  ࡱ+7 DXODYHYDLVVHOOH &RQFHUQDQWOHVDXWUHVPDWpULDX[
SRXUFRQWDFWHXUGHIHQrWUH &RXGHGHUDFFRUGHPHQWSRXU YHXLOOH]FRQVXOWHUOHIDEULFDQWGXSODQ
$$    ࡱ pYDFXDWLRQGHO
DLUOLYUpGHVpULH GHWUDYDLO
'pIOHFWHXUG
DLUSRXU  ࡱ+7 =RQHHQFDVGHGpERUGHPHQWFDSDFLWp /DUDLQXUHGRLWrWUHFRQWLQXHHWGH
LQVWDOODWLRQ9/jF{WpG
DSSDUHLOV PO QLYHDXSRXUDVVXUHUXQHLQVWDOODWLRQ
GHFXLVVRQJD] &RQWU{OHGHODYHQWLODWLRQEDVpVXUOH XQLIRUPHGHVDSSDUHLOVVXUOHMRLQW1H
UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD SDVXWLOLVHUGHMRLQWVGHUHJDUQLVVDJH
&RPELQDEOHDYHF WDEOHGHFXLVVRQFRPSDWLEOH  SDUOHGHVVRXV
9,[  /DODUJHXUGHODMRQFWLRQGpSHQGGH
9*[ ,QWpJUDWLRQGDQVUpVHDXGRPHVWLTXH ODWROpUDQFHHQWUHOHVDSSDUHLOVHWOD
9*[ SRXUVHUYLFHVGLJLWDX[ +RPH&RQQHFW GpFRXSHGXSODQGHWUDYDLO
93[[ YLDXQFkEOH/$1 UHFRPPDQGp RX 6LOHFRQGXLWG
XQHKRWWHHQPRGH
95[[ VDQVILOYLD:L)L G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
GHVVHUYLFHV+RPH&RQQHFWGDQVOH ODKRWWHGRLWrWUHSUpYXDYHFXQH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH IRQFWLRQGHVpFXULWpDGDSWpH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV 0HUFLGHFRQVXOWHUOHVGRQQpHV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU G
LQVWDOODWLRQ
ZZZKRPHFRQQHFWFRP 
&RQILJXUDWLRQVUHFRPPDQGpHVSRXU
&RQVRPPDWLRQV O
LQVWDOODWLRQGHVDpUDWHXUVGHSODQGH
/HVYDOHXUVGHFRQVRPPDWLRQ WUDYDLODYHFOHFDLVVRQPRWHXUHWOHV
FRUUHVSRQGHQWjODFRQILJXUDWLRQDYHF DFFHVVRLUHVGHUDFFRUGHPHQWjOD
OHPRWHXU$5 SDJHVj
&ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
XQHpFKHOOHGH$j' 9DOHXUVGHUDFFRUGHPHQW
&RQVRPPDWLRQpQHUJpWLTXHN:KDQ &RQVRPPDWLRQWRWDOH:
&ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$ &kEOHGHUDFFRUGHPHQWP
&ODVVHG
HIILFDFLWpG
pFODLUDJH DYHFSULVH
&ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH% 3UpYRLUXQFkEOH/$1
1LYHDXVRQRUHPLQ'%PD['% &RQVRPPDWLRQ6WDQGE\'LVSOD\
SRVLWLRQQRUPDOH pWHLQW:
3RXUGpVDFWLYHUODIRQFWLRQ:,),VH
UpIpUHUjODQRWLFHG
XWLOLVDWLRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

0HVXUHVHQPP

0HVXUHVHQPP ĂĂĂĂĂĂĂĂ

0RQWDJHGXERXWRQGHFRPPDQGHLQVWDOODWLRQFODVVLTXH 0RQWDJHGXERXWRQGHFRPPDQGHLQVWDOODWLRQjIOHXUGHSODQ

0HVXUHVHQPP 0HVXUHVHQPP

$FFHVVRLUHVG
LQVWDOODWLRQ
$'3LqFHGHFRQQH[LRQIOH[LEOHSRXU $'3LqFHGHFRQQH[LRQ9/ 9/SRXUH[WHQVLRQ
9/ 9/‘PPSODW DYHFJDLQHSODWH‘PPSRXUSODQGHWUDYDLOWUqVSURIRQG

0HVXUHVHQPP
&RQILJXUDWLRQVG·LQVWDOODWLRQUHFRPPDQGpHVSRXU9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH

%RQjVDYRLU²SRXUXQHSODQL!FDWLRQHWXQHLQVWDOODWLRQFRUUHFWH

²3UHQGUHHQFRQVLGpUDWLRQODSURIRQGHXUGXPHXEOHHWODSURIRQGHXUGXSODQGHWUDYDLOVXSpULHXUHjFHOOHGXPHXEOH
²8QHERQQHpWDQFKpLWpGHVJDLQHVHVWWUqVLPSRUWDQWHSRXUpYLWHUOHVIXLWHVG·DLUHOOHSHXWVHIDLUHjO·DLGHGHO·DGKpVLIDGDSWpRXHQXWLOLVDQWOHVSLqFHVGHFRQQH[LRQ
DGpTXDWHV
²/HV9DULRGHFXLVVRQWHOVTXH9DULR*ULOpOHFWULTXHRX9DULRJD]:RNGRLYHQWrWUHSODFpVHQWUH9/
²/HPRGHUHF\FODJHQ·HVWSDVUHFRPPDQGpGDQVOHFDVGHO·LQVWDOODWLRQG·XQ9DULR*ULOpOHFWULTXH
²/HUDFFRUGHPHQWGHODJDLQHDX9DULRDpUDWHXU9/HVWSRVVLEOHYHUVOHEDV  RXODWpUDOHPHQWJUkFHDX[SLqFHVGHFRQQH[LRQFRPSOpPHQWDLUHV  HW  &HOOHVFLVRQW
OLYUDEOHVHQWDQWTX·DFFHVVRLUHVHQRSWLRQYRLUFLGHVVRXV
²3
 RXUOHVGLPHQVLRQVKRUVWRXWWRWDOHVGXPHXEOHLOIDXWSUHQGUHHQFRPSWHOHVGLPHQVLRQVLQGLYLGXHOOHVO·HPSODFHPHQWGHVJDLQHVHWGXPRWHXUVpSDUp
/HPRWHXUVpSDUpSHXWrWUHWRXUQpGDQVWRXWHVOHVGLUHFWLRQVHQIRQFWLRQGHODGLUHFWLRQVRXKDLWpHSRXUO·pYDFXDWLRQH[WpULHXUHGHO·DLURXSRXUOHUHWUDLWGHV=OWUHVj
FKDUERQ&OHDQ$LU

,QVWDOODWLRQVRUWLHGLUHFWH
,QVWDOODWLRQDYHFH[WHQVLRQSRXUSODQGHWUDYDLOH[WUDSURIRQGHWJDLQHHQ39&
²$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ 
²$' SLqFHGHFRQQH[LRQSRXUJDLQHSODWH39& 
²$' FRXGHJDLQHSODWHƒYHUWLFDO39&
,QVWDOODWLRQDYHFH[WHQVLRQSRXUSODQGHWUDYDLOH[WUDSURIRQGHWJDLQHHQPpWDO
²$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ 
²$' SLqFHGHFRQQH[LRQJDLQHSODWHPpWDO 
²$' FRXGHJDLQHSODWHƒYHUWLFDOPpWDO 

$•PP
%3LqFHGHFRQQH[LRQ

0HVXUHVHQPP
$SSDUHLOVG
DVSLUDWLRQ 

&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH  &RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH 


9/DYHF$5 PRWHXUVpSDUp²UHF\FODJH 9/DYHF$5 PRWHXUVpSDUp²UHF\FODJH

%RQjVDYRLU %RQjVDYRLU
²,QVWDOODWLRQPXUDOHSURIRQGHXUGXSODQGHWUDYDLOFP ²,QVWDOODWLRQPXUDOHRXvORW
²3UpYRLUO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LUGDQVOHPHXEOHEDVSRXUOHXU ²3UpYRLUO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LUGDQVOHPHXEOHEDVSRXUOHXU
UHPSODFHPHQW UHPSODFHPHQW
'HSOXVVLODKDXWHXUGHODSOLQWKHHVWVXSpULHXUHjPPOHPRWHXUVpSDUpGRLW ²'LVWDQFHPLQLPDOHUHFRPPDQGpHHQWUHODSDURLGXPHXEOHHWOHVRXYHUWXUHVSRXU
rWUHVXUpOHYpSRXUSHUPHWWUHO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LU OHV=OWUHVORUVTXHODJULOOHQ·HVWSDVSODFpHGLUHFWHPHQWGHYDQWOHPRWHXUFP
6LODKDXWHXUGHODSOLQWKHHVWGHPPOHPRWHXUSHXWrWUHSODFpGLUHFWHPHQWDX ²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXZVDPPHQW
VRO G·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp PLQFPò
²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXZVDPPHQW
G·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp PLQFPò

/LVWHGHVDFFHVVRLUHV /LVWHGHVDFFHVVRLUHV
²[$5 PRWHXUVpSDUpUHF\FODJH ²[$5 PRWHXUVpSDUpUHF\FODJH
²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW ²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW
²[$' JDLQHSODWHFP‘PP
²[$' SLqFHGHFRQQH[LRQJDLQHSODWH
²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXH
²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVSODWHV

$LQWpJUDWLRQFODVVLTXH $LQVWDOODWLRQFODVVLTXH
%LQWpJUDWLRQjIOHXUGHSODQ XQLTXHPHQW9/ %LQVWDOODWLRQjIOHXUGHSODQ XQLTXHPHQW9/ 
&DFFqVDX[ILOWUHVSDUO
DYDQW3LqFHGHFRQQH[LRQSODWURQGYHUVO·DYDQW
PHVXUHVHQPP 'DFFqVDX[ILOWUHVSDUO
DUULqUH3LqFHGHFRQQH[LRQSODWURQGYHUVO·DUULqUH

PHVXUHVHQPP
&RQILJXUDWLRQVG·LQVWDOODWLRQUHFRPPDQGpHVSRXU9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH

&RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH ²,QVWDOODWLRQVRUWLHGLUHFWH &RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH ²,QVWDOODWLRQVRUWLH


9/DYHFPRWHXUVpSDUpHQpYDFXDWLRQH[WpULHXUH²,QVWDOODWLRQGDQVODFDYH GLUHFWH²0pWDO
9/DYHF$5
&RPELQDLVRQDYHF$5$5$5
,QVWDOODWLRQHQvORWFRQQH[LRQODWpUDOHSDUOHF{WpGURLW

/LVWHGHVDFFHVVRLUHV /LVWHGHVDFFHVVRLUHV
²[$5 PRWHXUVpSDUppYDFXDWLRQH[WpULHXUH ²[$5 PRWHXUVpSDUppYDFXDWLRQH[WpULHXUH
²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW ²[$' JDLQHSODWHYH[LEOHPpWDO‘PP
²[$' JDLQHSODWHFP‘PP ²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXHPpWDO‘PPSODWURQG 
²[$' SLqFHGHFRQQH[LRQJDLQHSODWH ²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ
²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXH DOXPLQLXP
²6
 HORQOHFKRL[GXPRWHXU[$5RX$5RX$5
PRWHXUVpSDUp²pYDFXDWLRQH[WpULHXUH

$LQVWDOODWLRQFODVVLTXH
%LQVWDOODWLRQjIOHXUGHSODQ XQLTXHPHQW9/

0HVXUHVHQPP
0RWHXUVpSDUpHQPRGH
pYDFXDWLRQH[WpULHXUH
$5
$5
$5

$LQVWDOODWLRQFODVVLTXH
%LQVWDOODWLRQjIOHXUGHSODQ
XQLTXHPHQW9/
&

0HVXUHVHQPP
$SSDUHLOVG
DVSLUDWLRQ 

&RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH ²,QVWDOODWLRQVRUWLHGLUHFWH &RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH ²,QVWDOODWLRQDYHFH[WHQVLRQ²0pWDO


9/DYHF$5 9/DYHF$5 PRWHXUVpSDUp²UHF\FODJH 

,QVWDOODWLRQHQvORWFRQQH[LRQODWpUDOHSDUOHF{WpGURLWRXF{WpJDXFKH %RQjVDYRLU
²3UpYRLUO·DFFHVVLELOLWpDX[ILOWUHVjFKDUERQ&OHDQ$LUGDQVOHPHXEOHEDVSRXU
/LVWHGHVDFFHVVRLUHV OHXUUHPSODFHPHQW
²[$5 PRWHXUVpSDUppYDFXDWLRQH[WpULHXUH 'HSOXVVLODKDXWHXUGHODSOLQWKHHVWVXSpULHXUHjPPOHPRWHXUVpSDUpGRLW
²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW rWUHVXUpOHYpSRXUSHUPHWWUHO·DFFHVVLELOLWpDX[ILOWUHVjFKDUERQ&OHDQ$LU
²[$' JDLQHSODWHFP‘PP 6LODKDXWHXUGHODSOLQWKHHVWGHPPOHPRWHXUSHXWrWUHSODFpGLUHFWHPHQW
²[$' SLqFHGHFRQQH[LRQJDLQHSODWH DXVRO
²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXH ²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXIILVDP
²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ PHQWG·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp PLQFPò
²&HWWHFRQILJXUDWLRQHVWpJDOHPHQWUpDOLVDEOHDYHFOHVJDLQHVHQ39&

/LVWHGHVDFFHVVRLUHV
²[$5 PRWHXUVpSDUpUHF\FODJH
²[$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ
²[$' SLqFHGHFRQQH[LRQJDLQHSODWHPpWDO
²[$' FRXGHJDLQHSODWHƒYHUWLFDOPpWDO
²[$' SLqFHGHFRQQH[LRQYH[LEOHSODW
²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVSODWHV
DOXPLQLXP

$LQVWDOODWLRQFODVVLTXH $LQVWDOODWLRQFODVVLTXH
%LQVWDOODWLRQjIOHXUGHSODQ XQLTXHPHQW9/ %LQVWDOODWLRQjIOHXUGHSODQ XQLTXHPHQW9/
&VRUWLHODWpUDOHF{WpJDXFKH3LqFHGHFRQQH[LRQSODWURQGYHUVO·DYDQW
'VRUWLHODWpUDOHF{WpGURLW3LqFHGHFRQQH[LRQSODWURQGYHUVO·DUULqUH 0HVXUHVHQPP

0HVXUHVHQPP
/LVWHGHVDFFHVVRLUHV 39&
²[$5 PRWHXUVpSDUpUHF\FODJH
²[$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ
²[$' SLqFHGHFRQQH[LRQJDLQHSODWH
²[$' FRXGHJDLQHSODWHƒYHUWLFDO39&
²[$' SLqFHGHFRQQH[LRQYH[LEOHSODW
9DULRDpUDWHXUGHSODQGHFXLVVRQ &DLVVRQVPRWHXUVFRUUHVSRQGDQWV /H9DULRJULOpOHFWULTXH95HW9DULR
6pULH YRLUSDJHV JD]ZRN9*GRLYHQWrWUHSODFpV
9/ HQWUH9/
(QFDVG
LQVWDOODWLRQG
XQ9DULRJULO
² &RPELQDEOHDYHFOHVDXWUHV pOHFWULTXH95OHPRGHUHF\FODJH
DSSDUHLOVGHFXLVVRQGHOD6pULH Q
HVWSDVUHFRPPDQGp
HQSDUIDLWHKDUPRQLH ‡$5 /RUVGHO
LQVWDOODWLRQjF{WpG
XQ
² 6\VWqPHG
DVSLUDWLRQWUqVHIILFDFH DSSDUHLOGHFXLVVRQDXJD]LOHVW
LQWpJUpGDQVOHSODQGHWUDYDLO QpFHVVDLUHGHSUpYRLUOHGpIOHFWHXU
GLUHFWHPHQWDXQLYHDXGHODWDEHGH /6SRXUDVVXUHUOHPHLOOHXU
FXLVVRQ UHQGHPHQWGHODWDEOHGHFXLVVRQ
² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH (QFDVG
LQVWDOODWLRQGXGpIOHFWHXU
SDU6HQVRUDGDSWHODSXLVVDQFH /6LOHVWLPSRVVLEOHG
XWLOLVHU
9/  ࡱ G
DVSLUDWLRQDXYROXPHGHVYDSHXUV ODSRrOH:RN:3
%DQGHDXGH ࡱ+7  GHFXLVVRQ 6LOHFRQGXLWG
XQHKRWWHHQPRGH
FRPPDQGHQRLU ² 3ODQLILFDWLRQHWLQVWDOODWLRQIDFLOHV ‡$5 G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
/DUJHXUFP ² $SSDUHLOVLOHQFLHX[QRWDPPHQW FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
(YDFXDWLRQH[WpULHXUHRXPRGH HQFRPELQDLVRQDYHFPRWHXU RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
UHF\FODJH $5 ODKRWWHGRLWrWUHSUpYXDYHFXQH
6DQVPRWHXU ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH IRQFWLRQGHVpFXULWpDGDSWpH
 0HUFLGHFRQVXOWHUOHVGRQQpHV
‡$5
$FFHVVRLUHVG
LQVWDOODWLRQ 3HUIRUPDQFHV G
LQVWDOODWLRQ
$'  ࡱ /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW 
3LqFHGHFRQQH[LRQ  ࡱ+7 GXFDLVVRQPRWHXUVpSDUpDVVRFLpYRLU &RQVHLOVSRXUGpFRXSHVGXSODQGH
IOH[LEOHSRXU9/ WDEOHDXSDJH WUDYDLOHQSDJHVHW
‘PPSODW 
$'  ࡱ &DUDFWpULVWLTXHV 9DOHXUVGHUDFFRUGHPHQW
3LqFHGHFRQQH[LRQ   ࡱ+7 %RXWRQGHFRPPDQGHDYHFDQQHDX ‡$5 &kEOHGHUDFFRUGHPHQWPHQWUH9/
SRXU9/SRXUH[WHQVLRQDYHFJDLQH OXPLQHX[ HWFDLVVRQPRWHXUVpSDUp
SODWH‘SRXUSODQGHWUDYDLOWUqV YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
SURIRQG LQWHQVLYH
99    ࡱ )RQFWLRQ$XWRPDWLTXHDYHF
%DUUHWWHGHMRQFWLRQ  ࡱ+7 WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
HQLQR[SRXULQVWDOODWLRQGHSOXVLHXUV )LOWUHDQWLJUDLVVHPpWDOOLTXHDYHFXQ
9DULRGHFXLVVRQGHOD6pULH IRUWWDX[G
DEVRUSWLRQGHVJUDLVVHV
99    ࡱ )LOWUHDQWLJUDLVVHODYDEOHDXODYHYDLVVHOOH ‡$5
%DUUHWWHGHMRQFWLRQ  ࡱ+7 7pPRLQGHVDWXUDWLRQGHVILOWUHV
QRLUHSRXULQVWDOODWLRQGHSOXVLHXUV DQWLJUDLVVHHWFKDUERQDFWLI
9DULRGHFXLVVRQGHOD6pULH )OX[G
DLULQWpULHXURSWLPLVpSRXU
XQJXLGDJHGHODFLUFXODWLRQGHO
DLU
$FFHVVRLUHVHQRSWLRQ HIILFDFH
/6    ࡱ )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ
'pIOHFWHXUG
DLUSRXU  ࡱ+7 *ULOOHGHYHQWLODWLRQpPDLOOpHODYDEOH
LQVWDOODWLRQ9/jF{Wp DXODYHYDLVVHOOH
G
DSSDUHLOVJD] &RXGHGHUDFFRUGHPHQWSRXU
,QR[ pYDFXDWLRQGHO
DLUOLYUpGHVpULH
=RQHHQFDVGHGpERUGHPHQWFDSDFLWp
&RPELQDEOHDYHF PO
9DULRGHFXLVVRQ6pULH
9, &RQVRPPDWLRQV
9, /HVYDOHXUVGHFRQVRPPDWLRQ
9, FRUUHVSRQGHQWjODFRQILJXUDWLRQ
9* DYHFOHPRWHXU$5
9* &ODVVHG
HIILFDFLWppQHUJpWLTXH$
9* VXUXQHpFKHOOHGH$j'
93 &RQVRPPDWLRQpQHUJpWLTXH
95 N:KDQ
&ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
&ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
1LYHDXVRQRUHPLQG%G%
SRVLWLRQQRUPDOH

&RQVHLOVG
LQVWDOODWLRQ
,OHVWUHFRPPDQGpG
LQVWDOOHUXQ
PRWHXUSDU9/
0RGHUHF\FODJHHQFRPELQDLVRQDYHF
FDLVVRQVPRWHXUVVpSDUpV$5
RX$5
/HPRGHUHF\FODJHQ
HVWSDV
UHFRPPDQGpHQFRPELQDLVRQDYHFXQ
9DULRJULOpOHFWULTXH
0RGHpYDFXDWLRQH[WpULHXUHHQ
FRPELQDLVRQDYHFFDLVVRQPRWHXU
VpSDUpV$5$5HW
$5
&RQILJXUDWLRQVUHFRPPDQGpHVSRXU
O
LQVWDOODWLRQGHVDpUDWHXUVGHSODQGH
WUDYDLODYHFOHFDLVVRQPRWHXUHWOHV
DFFHVVRLUHVGHUDFFRUGHPHQWDX[
SDJHVj
/DUJHXUPD[LPDOHGHODWDEOHGH
FXLVVRQHQWUH9/FP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

$SSDUHLOVG
DVSLUDWLRQ 

$'3LqFHGHFRQQH[LRQIOH[LEOHSRXU9/‘PPSODW

$'3LqFHGHFRQQH[LRQSRXU9/SRXUH[WHQVLRQ
DYHFJDLQHSODWH‘PPSRXUSODQGHWUDYDLOWUqVSURIRQG
&RQILJXUDWLRQVG·LQVWDOODWLRQUHFRPPDQGpHVSRXU9DULRDpUDWHXUGHSODQGHWUDYDLO6pULH

%RQjVDYRLU²SRXUXQHSODQL!FDWLRQHWXQHLQVWDOODWLRQFRUUHFWH

²3UHQGUHHQFRQVLGpUDWLRQODSURIRQGHXUGXPHXEOHHWODSURIRQGHXUGXSODQGHWUDYDLOVXSpULHXUHjFHOOHGXPHXEOH
²'LVWDQFHPD[LPDOHHQWUHOH9DULRDpUDWHXUHWOHFDLVVRQPRWHXUORQJXHXUGXFkEOHP
²8QHERQQHpWDQFKpLWpGHVJDLQHVHVWWUqVLPSRUWDQWHSRXUpYLWHUOHVIXLWHVG·DLUHOOHSHXWVHIDLUHjO·DLGHGHO·DGKpVLIDGDSWpRXHQXWLOLVDQWOHVSLqFHVGHFRQQH[LRQ
DGpTXDWHV
²/HV9DULRGHFXLVVRQWHOVTXH9DULR*ULOpOHFWULTXHRX9DULRJD]:RNGRLYHQWrWUHSODFpVHQWUH9/
²/HPRGHUHF\FODJHQ·HVWSDVUHFRPPDQGpGDQVOHFDVGHO·LQVWDOODWLRQG·XQ9DULR*ULOpOHFWULTXH
²/HUDFFRUGHPHQWGHODJDLQHDX9DULRDpUDWHXU9/HVWSRVVLEOHYHUVOHEDV  RXODWpUDOHPHQWJUkFHDX[SLqFHVGHFRQQH[LRQFRPSOpPHQWDLUHV  HW  
&HOOHVFLVRQWOLYUDEOHVHQWDQWTX·DFFHVVRLUHVHQRSWLRQYRLUFLGHVVRXV
²3RXUOHVGLPHQVLRQVKRUVWRXWWRWDOHVGXPHXEOHLOIDXWSUHQGUHHQFRPSWHOHVGLPHQVLRQVLQGLYLGXHOOHVO·HPSODFHPHQWGHVJDLQHVHWGXPRWHXUVpSDUp
/HPRWHXUVpSDUpSHXWrWUHWRXUQpGDQVWRXWHVOHVGLUHFWLRQVHQIRQFWLRQGHODGLUHFWLRQVRXKDLWpHSRXUO·pYDFXDWLRQH[WpULHXUHGHO·DLURXSRXUOHUHWUDLWGHV=OWUHVjFKDUERQ
&OHDQ$LU

,QVWDOODWLRQVRUWLHGLUHFWH
,QVWDOODWLRQDYHFH[WHQVLRQSRXUSODQGHWUDYDLOH[WUDSURIRQGHWJDLQHHQ39&
²$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ 
²$' SLqFHGHFRQQH[LRQSRXUJDLQHSODWH39& 
²$' FRXGHJDLQHSODWHƒYHUWLFDO39&
,QVWDOODWLRQDYHFH[WHQVLRQSRXUSODQGHWUDYDLOH[WUDSURIRQGHWJDLQHHQPpWDO
²$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ 
²$' SLqFHGHFRQQH[LRQJDLQHSODWHPpWDO 
²$' FRXGHJDLQHSODWHƒYHUWLFDOPpWDO 

$•PP
%3LqFHGHFRQQH[LRQ

0HVXUHVHQPP
$SSDUHLOVG
DVSLUDWLRQ 

&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH 
9/DYHF$5 PRWHXUVpSDUp²UHF\FODJH

,QVWDOODWLRQPXUDOHSURIRQGHXUGXSODQGHWUDYDLOFPDFFqVDX[ILOWUHVSRXUOH
UHPSODFHPHQWGHVILOWUHVjFKDUERQ&OHDQ$LUSDUO·DYDQW

%RQjVDYRLU
²3UpYRLUO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LUGDQVOHPHXEOHEDVSRXUOHXU
UHPSODFHPHQW
²'HSOXVVLODKDXWHXUGHODSOLQWKHHVWVXSpULHXUHjPPOHPRWHXUVpSDUpGRLW
rWUHVXUpOHYpSRXUSHUPHWWUHO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LU
6LODKDXWHXUGHODSOLQWKHHVWGHPPOHPRWHXUSHXWrWUHSODFpGLUHFWHPHQW
DXVRO
²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXZVDP
PHQWG·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp PLQFPò

/LVWHGHVDFFHVVRLUHV
²[$5 PRWHXUVpSDUpUHF\FODJH
²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW
&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH  &RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH 
9/DYHF$5 PRWHXUVpSDUp²UHF\FODJH 9/DYHF$5

%RQjVDYRLU
²,QVWDOODWLRQPXUDOHRXvORW
²3UpYRLUO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LUGDQVOHPHXEOHEDVSRXUOHXU
UHPSODFHPHQW
²'LVWDQFHPLQLPDOHUHFRPPDQGpHHQWUHODSDURLGXPHXEOHHWOHVRXYHUWXUHVSRXU
OHV=OWUHVORUVTXHODJULOOHQ·HVWSDVSODFpHGLUHFWHPHQWGHYDQWOHPRWHXUFP
²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXZVDPPHQW
G·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp PLQFPò 

/LVWHGHVDFFHVVRLUHV /LVWHGHVDFFHVVRLUHV
²[$5 PRWHXUVpSDUpUHF\FODJH ²[$5 PRWHXUVpSDUppYDFXDWLRQH[WpULHXUH
²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW ²[$' SLqFHGHFRQQH[LRQYH[LEOHSRXU9/‘PPSODW
²[$' JDLQHSODWHFP‘PP ²[$' JDLQHSODWHFP‘PP
²[$' SLqFHGHFRQQH[LRQJDLQHSODWH ²[$' SLqFHGHFRQQH[LRQJDLQHSODWH
²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXH ²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXH
²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVSODWHV

$LQVWDOODWLRQFODVVLTXH $LQVWDOODWLRQFODVVLTXH
%LQVWDOODWLRQjIOHXUGHSODQ XQLTXHPHQW9/ %LQVWDOODWLRQjIOHXUGHSODQ XQLTXHPHQW9/
&DFFqVDX[ILOWUHVSDUO·DYDQW3LqFHGHFRQQH[LRQSODWURQGYHUVO·DYDQW &pYDFXDWLRQH[WpULHXUHYHUVODJDXFKH3LqFHGHFRQQH[LRQSODWURQGYHUVO·DYDQW
'DFFqVDX[ILOWUHVSDUO·DUULqUH3LqFHGHFRQQH[LRQSODWURQGYHUVO·DUULqUH 'pYDFXDWLRQH[WpULHXUHYHUVODGURLWH3LqFHGHFRQQH[LRQSODWURQGYHUVO·DUULqUH

0HVXUHVHQPP 0HVXUHVHQPP
$SSDUHLOVG
DVSLUDWLRQ 

&RQILJXUDWLRQG·LQVWDOODWLRQ UHF\FODJH ²0pWDO &RQILJXUDWLRQG·LQVWDOODWLRQ pYDFXDWLRQH[WpULHXUH ²0pWDO


9/DYHF$5 PRWHXUVpSDUp²UHF\FODJH 9/DYHF$5
,QVWDOODWLRQHQvORWFRQQH[LRQODWpUDOHSDUOHF{WpGURLW
%RQjVDYRLU
²,QVWDOODWLRQvORWRXPXUDOHDFFqVSRXUOHUHPSODFHPHQWGHV=OWUHVjFKDUERQ
&OHDQ$LUSDUO·DYDQWRXO·DUULqUH
²3UpYRLUO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LUGDQVOHPHXEOHEDVSRXUOHXU
UHPSODFHPHQW
²'HSOXVVLODKDXWHXUGHODSOLQWKHHVWVXSpULHXUHjPPOHPRWHXUVpSDUpGRLW
rWUHVXUpOHYpSRXUSHUPHWWUHO·DFFHVVLELOLWpDX[=OWUHVjFKDUERQ&OHDQ$LU
6LODKDXWHXUGHODSOLQWKHHVWGHPPOHPRWHXUSHXWrWUHSODFpGLUHFWHPHQWDX
VRO
²3RXUXQHSHUIRUPDQFHG·DVSLUDWLRQRSWLPDOHLOHVWQpFHVVDLUHG·DYRLUVXZVDP
PHQWG·HVSDFHSRXUO·pYDFXDWLRQGHO·DLUUHF\FOp PLQFPò 
²&HWWHFRQ=JXUDWLRQHVWpJDOHPHQWUpDOLVDEOHDYHFOHVJDLQHVHQ39&

/LVWHGHVDFFHVVRLUHV PpWDO  /LVWHGHVDFFHVVRLUHV


²[$5 PRWHXUVpSDUpUHF\FODJH ²[$5 PRWHXUVpSDUppYDFXDWLRQH[WpULHXUH
²[$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ ²[$' JDLQHSODWHYH[LEOHPpWDO‘PP
²[$' SLqFHGHFRQQH[LRQJDLQHSODWHPpWDO ²[$' JDLQHSODWHDGDSWDWHXUF\OLQGULTXHPpWDO‘PPSODWURQG 
²[$' FRXGHJDLQHSODWHƒYHUWLFDOPpWDO ²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ
²[$' SLqFHGHFRQQH[LRQYH[LEOHSODW DOXPLQLXP
²[$' DGKpVLISRXUpWDQFKpL=HUOHVUDFFRUGVGHVJDLQHVSODWHV
DOXPLQLXP

/LVWHGHVDFFHVVRLUHV 39& 
²[$5 PRWHXUVpSDUpUHF\FODJH
²[$' SLqFHGHFRQQH[LRQSRXUH[WHQVLRQ
²[$' SLqFHGHFRQQH[LRQJDLQHSODWH
²[$' FRXGHJDLQHSODWHƒYHUWLFDO39&
²[$' SLqFHGHFRQQH[LRQYH[LEOHSODW
+RWWHvORW6pULH &RPELQDEOHDYHF 0RGXOHGHUHF\FODJHDYHFILOWUHV
$,  7RXVOHV9DULRGHFXLVVRQ6pULH &OHDQ$LULQVWDOOpGDQVODFKHPLQpH
7RXVOHV9DULRGHFXLVVRQ6pULH LQWpULHXUH
² +RWWHSURIHVVLRQQHOOHDVVRFLpHj 7RXWHVOHVWDEOHVGHFXLVVRQ6pULH /HVFKHPLQpHVSRXUUHF\FODJHVRQW
XQGHVLJQFODVVLTXH*DJJHQDX 7RXWHVOHVWDEOHVGHFXLVVRQ6pULH SUpYXHVjFHWHIIHW
² 7UqVJUDQGHHIILFDFLWpG
DVSLUDWLRQ (QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
GHVYDSHXUVJUkFHjXQHJUDQGH %RQjVDYRLU PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
VXUIDFHG
DVSLUDWLRQ /DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
$,    ࡱ ² 6DQVPRWHXUFRPELQDEOHDYHFOHV GHFXLVVRQ RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
,QR[  ࡱ+7 FDLVVRQVPRWHXU%/'&*DJJHQDX ODKRWWHGRLWrWUHSUpYXDYHFXQH
/DUJHXUFP ² )LOWUHVjFKLFDQHVLQFOLQpVDYHFXQ &DLVVRQVPRWHXUVFRUUHVSRQGDQWV IRQFWLRQGHVpFXULWpDGDSWpH
(YDFXDWLRQH[WpULHXUHRXPRGH IRUWWDX[G
DEVRUSWLRQGHVJUDLVVHV YRLUSDJHV
UHF\FODJH ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH 9DOHXUVGHUDFFRUGHPHQW
6DQVPRWHXU SDU6HQVRUDGDSWHODSXLVVDQFH 3XLVVDQFHWRWDOH:
/LYUpHVDQVFKHPLQpH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV &kEOHGHUDFFRUGHPHQWPDYHF
$,    ࡱ GHFXLVVRQ SULVH
,QR[  ࡱ+7 ² (FODLUDJH/('JUDQGDQJOHEODQF
/DUJHXUFP FKDXGDYHFYDULDWHXUG
LQWHQVLWp
‡$5
(YDFXDWLRQH[WpULHXUHRXPRGHUHF\FODJH SRXUXQpFODLUDJHRSWLPDOGXSODQ
6DQVPRWHXU GHFXLVVRQ
/LYUpHVDQVFKHPLQpH ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH
$,    ࡱ ² 0RGXOHGHUHF\FODJHDYHFILOWUH
,QR[   ࡱ+7 &OHDQ$LUXQHVROXWLRQGH
/DUJHXUFP UHF\FODJHGHO
DLUVLOHQFLHXVHHWWUqV
(YDFXDWLRQH[WpULHXUHRXPRGHUHF\FODJH HIILFDFHFRPSDUDEOHjXQH
6DQVPRWHXU pYDFXDWLRQH[WpULHXUHHW
/LYUpHVDQVFKHPLQpH UHPSODFHPHQWPRLQVIUpTXHQWGX ‡$5
ILOWUH
$FFHVVRLUHVG
LQVWDOODWLRQREOLJDWRLUHV
$'    ࡱ 3HUIRUPDQFHV
&KHPLQpHLQR[SRXU  ࡱ+7 /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW
pYDFXDWLRQH[WpULHXUHNLWGHPRQWDJH GXPRWHXUVpSDUpDVVRFLp
LQFOXV
/RQJXHXUPP &DUDFWpULVWLTXHV
$'    ࡱ EDQGHDX[GHFRPPDQGH ‡$5
&KHPLQpHLQR[SRXU  ࡱ+7 YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
pYDFXDWLRQH[WpULHXUHNLWGHPRQWDJH LQWHQVLYH
LQFOXV )RQFWLRQ$XWRPDWLTXHDYHF
/RQJXHXUPP WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
$'    ࡱ 7pPRLQGHVDWXUDWLRQGXILOWUHj
&KHPLQpHLQR[SRXU  ࡱ+7 JUDLVVH
UHF\FODJHNLWGHPRQWDJHLQFOXV )LOWUHVjFKLFDQHVODYDEOHVDX
/RQJXHXUPP ODYHYDLVVHOOH
$'    ࡱ (FODLUDJH/('JUDQGDQJOHEODQF
&KHPLQpHLQR[SRXU  ࡱ+7 FKDXG . DYHFYDULDWHXU
UHF\FODJHNLWGHPRQWDJHLQFOXV G
LQWHQVLWpHQFRQWLQX
/RQJXHXUPP 3XLVVDQFHGHVDPSRXOHV[:
,QWHQVLWpOXPLQHXVHO[
$FFHVVRLUHVHQRSWLRQ 
$$  ࡱ &RQVRPPDWLRQV
0RGXOHDGDSWDWHXUSRXU ࡱ+7 /HVYDOHXUVGHFRQVRPPDWLRQ
FRQWDFWHXUGHIHQrWUHFRPELQDEOHDYHF FRUUHVSRQGHQWjODFRQILJXUDWLRQ
PRWHXUVGHOD6pULHHW6pULH $,DYHFOHPRWHXU
* avec la cheminée pour recyclage AD 442 116 pour hauteur sol-plafond
$$    ࡱ $5 de 2,35 m à 2,60 m.
)LOWUHV&OHDQ$LUGH  ࡱ+7 &ODVVHG
HIILFDFLWppQHUJpWLTXH% ** avec la cheminée pour recyclage AD 442 126 pour hauteur sol-plafond
UHPSODFHPHQWSRXUPRGXOHGHUHF\FODJH SRXUXQHFODVVLILFDWLRQGH$j' de 2,60 m à 3,10 m.
Ces mesures sont valables pour une installation à 1,60 m du sol à partir
$$ &RQVRPPDWLRQpQHUJpWLTXH du bord inférieur de la hotte.
$$    ࡱ N:KDQ
0RGXOHGHUHF\FODJH  ࡱ+7 &ODVVHG
HIILFDFLWpGXPRWHXU$
DYHFILOWUHV&OHDQ$LUSRXUXQHIRUWH &ODVVHG
HIILFDFLWpG
pFODLUDJH%
UpGXFWLRQGHVRGHXUVJUkFHjXQHJUDQGH &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
VXUIDFHGHILOWUDWLRQ 1LYHDXVRQRUHPLQPD[G%
3RXUOHUHF\FODJHGHO
DLU G%SRVLWLRQQRUPDOH
&RPELQDEOHDYHFKRWWHvORWHWKRWWH
PXUDOH$,$: &RQVHLOVG
LQVWDOODWLRQ
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX /HVFDLVVRQVPRWHXUVpSDUpVSRXUOH
PRGHpYDFXDWLRQH[WpULHXUH   UHF\FODJHRXO
pYDFXDWLRQH[WpULHXUH
5pGXFWLRQGXQLYHDXVRQRUHMXVTX
jG% VRQWUpSHUWRULpVSDJH
SDUUDSSRUWDXV\VWqPHFRQYHQWLRQQHOGH /DFKHPLQpHHQSDUWLHVLQFOXDQWOHNLW
ILOWUHVjFKDUERQHQPRGHUHF\FODJH GHPRQWDJHGRLWREOLJDWRLUHPHQWrWUH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH FRPPDQGpHHQDFFHVVRLUHG
LQVWDOODWLRQ
&OHDQ$LU HQYjDQVHORQIUpTXHQFH 5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
G
XWLOLVDWLRQ  FkEOHUpVHDX
3RXULQVWDOODWLRQjO
LQWpULHXUGHOD 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
FKHPLQpH WDEOHJD]FP
&RPSUHQGXQVXSSRUWILOWUHILOWUHV 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
&OHDQ$LUXQWX\DXIOH[LEOHHWFROOLHUVGH DSSDUHLOGHFXLVVRQpOHFWULTXHFP
VHUUDJH (QPRGHUHF\FODJHFRPPDQGHU
* avec la cheminée pour évacuation extérieure AD 442 016 pour hauteur
$'    ࡱ REOLJDWRLUHPHQWOHPRGXOHGH sol-plafond de 2,35 m à 2,60 m.
&ROOHUHWWHGHILQLWLRQ  ࡱ+7 UHF\FODJH&OHDQ$LU ** avec la cheminée pour évacuation extérieure AD 442 026 pour hauteur
SRXUFKHPLQpH sol-plafond de 2,60 m à 3,10 m.
,QR[ Ces mesures sont valables pour une installation à 1,60 m du sol à partir
du bord inférieur de la hotte.

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQILJXUDWLRQVG
LQVWDOODWLRQUHFRPPDQGpHVSRXUKRWWHVvORWV6pULH $SSDUHLOVG
DVSLUDWLRQ 

HWPRWHXUVVpSDUpV6pULH

&RQILJXUDWLRQG·LQVWDOODWLRQ
[$,DYHF$5
7X\DXURQG‘PP

%RQjVDYRLU
²3RXUXQJDLQGHSODFHOHPRWHXU$5VHSODFHGLUHFWHPHQWGDQVOD
FKHPLQpHGHODKRWWH$,
²
 ORQJXHXUVGHFKHPLQpHVGLVSRQLEOHVVHORQODKDXWHXUVRO²SODIRQG
²/DGLVWDQFHPLQLPDOHDYHFXQHWDEOHGHFXLVVRQpOHFWULTXHHVWGHPPHWGH
PPSRXUXQHWDEOHJD]
²/
 HNLWGHPRQWDJHQpFHVVDLUHjO·LQVWDOODWLRQHVWOLYUpDYHFODFKHPLQpH
²3RXUO·pYDFXDWLRQH[WpULHXUHFRPPHSRXUOHUHF\FODJHOHVDFFHVVRLUHV
G·LQVWDOODWLRQQpFHVVDLUHVVRQWUpSHUWRULpVGDQVOHVOLVWHVFLGHVVRXV
²/DKDXWHXUPLQLPDOHGHO
$,DXJPHQWHGHFPDYHFO
LQVWDOODWLRQGHOD
FROOHUHWWHGH=QLWLRQ

/LVWHGHVDFFHVVRLUHV pYDFXDWLRQH[WpULHXUH /LVWHGHVDFFHVVRLUHV UHF\FODJH


²[$5 PRWHXUSRXULQVWDOODWLRQGDQVFKHPLQpHGHKRWWH$,$: ²[$5 PRWHXUSRXULQVWDOODWLRQGDQVFKHPLQpHGHKRWWH$,$:
²[$' FKHPLQpHLQR[SRXUpYDFXDWLRQH[WpULHXUHSRXUKDXWHXUVROSODIRQG ²[$$ PRGXOHGHUHF\FODJHDYHFILOWUH&OHDQ$LU
jP RX ²[$' FKHPLQpHLQR[SRXUUHF\FODJHSRXUKDXWHXUVROSODIRQG
[$' FKHPLQpHLQR[SRXUpYDFXDWLRQH[WpULHXUHSRXUKDXWHXUVROSODIRQG jP RX
jP [$' FKHPLQpHLQR[SRXUUHF\FODJHSRXUKDXWHXUVROSODIRQG
²[$' WX\DXURQG‘PP VHORQKDXWHXUVROSODIRQG jP
²[$' DGKpVLISRXUpWDQFKpLILHUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ ²(QRSWLRQ[$' FROOHUHWWHGHILQLWLRQLQR[KRWWHvORW
²(QRSWLRQ[$' FROOHUHWWHGHILQLWLRQLQR[KRWWHvORW

* avec la cheminée pour recyclage AD 442 116 pour hauteur sol-plafond


de 2,35 m à 2,60 m.
* avec la cheminée pour évacuation extérieure AD 442 016 pour hauteur ** avec la cheminée pour recyclage AD 442 126 pour hauteur sol-plafond
sol-plafond de 2,35 m à 2,60 m. de 2,60 m à 3,10 m.
** avec la cheminée pour évacuation extérieure AD 442 026 pour hauteur Ces mesures sont valables pour une installation à 1,60 m du sol à partir
sol-plafond de 2,60 m à 3,10 m. du bord inférieur de la hotte.
Ces mesures sont valables pour une installation à 1,60 m du sol à partir
du bord inférieur de la hotte.
+RWWHGpFRUDWLYHvORW6pULH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
$,  PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
² +RWWHHQLQR[DYHFEDQGHDXDYDQW &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
HQYHUUHDVVRUWLDX[IRXUVGHOD GHVVHUYLFHV+RPH&RQQHFWGDQVOH
6pULH SD\VUHVSHFWLI/HVVHUYLFHV+RPH
² &DSWXUHGHVYDSHXUVWUqVHIILFDFH &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
JUkFHDX[ILOWUHVSODFpVHQUHWUDLW WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ ZZZKRPHFRQQHFWFRP
pQHUJLH
$,    ࡱ ² )LOWUHVDQWLJUDLVVHLQR[SHUIRUpV &RQVRPPDWLRQV
,QR[DYHFEDQGHDX  ࡱ+7 DYHFIRUWWDX[G
DEVRUSWLRQGHV &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
HQYHUUH6pULJUDSKLH*DJJHQDX$QWKUDFLWH JUDLVVHV XQHpFKHOOHGH$j'
+RPH&RQQHFW ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH &RQVRPPDWLRQpQHUJpWLTXH
/DUJHXUFP SDU6HQVRUDGDSWHODSXLVVDQFH N:KDQ
(YDFXDWLRQHWUHF\FODJH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
/LYUpHGHVpULHDYHFNLWGHPRQWDJH GHFXLVVRQ &ODVVHG
HIILFDFLWpG
pFODLUDJH$
HWFKHPLQpH ² (FODLUDJH/('EODQFQHXWUHDYHF &ODVVHG
HIILFDFLWpGXILOWUH
YDULDWHXUG
LQWHQVLWpUpJODEOHSRXU DQWLJUDLVVH%
$FFHVVRLUHVG
LQVWDOODWLRQ XQpFODLUDJHRSWLPDOGXSODQGH 1LYHDXVRQRUHPLQG%PD[G%
$'    ࡱ FXLVVRQ SRVLWLRQQRUPDOH
5DOORQJHGHFKHPLQpH  ࡱ+7 ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH
,QR[ &RQVHLOVG
LQVWDOODWLRQ
/RQJXHXUPP 3HUIRUPDQFHV /DOLYUDLVRQFRPSUHQGOHNLWGH
$'    ࡱ 3XLVVDQFHSRVLWLRQLQWHQVLYH PRQWDJHDLQVLTXHODFKHPLQpHHQ
&ROOHUHWWHGHILQLWLRQ  ࡱ+7 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ SDUWLHVDYHFOHVGLPHQVLRQVGH
SRXUFKHPLQpH ODQRUPH(1 jPP/HVLQVWDOODWLRQV
,QR[ 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ SHUVRQQDOLVpHVSHXYHQWrWUH
$'    ࡱ (1 VROXWLRQQpHVJUkFHjO
DFFHVVRLUHHQ
5DOORQJHSRXUNLWGH  ࡱ+7 3UHVVLRQDFRXVWLTXHPHVXUpHVHORQ RSWLRQ5DOORQJHGHFKHPLQpH
PRQWDJHPP (1 $'HQFRPELQDLVRQDYHFOD
$FFHVVRLUHHQRSWLRQ 5pGXFWLRQGHVRGHXUVHQUHF\FODJH 5DOORQJHNLWGHPRQWDJH$'
5DOORQJHSRXUNLWGHPRQWDJHSRXU VHORQ(1 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
KRWWHvORW$, 3XLVVDQFHHQpYDFXDWLRQ WDEOHJD]FP PLQLPXPFPVL
3RXUXQHKDXWHXUGHFKHPLQpH PóK SXLVVDQFHWRWDOHGXJD]VXSpULHXUHj
²PP/DKDXWHXUWRWDOHGH G% $ UHS: N: 
O
DSSDUHLOGpSHQGGHODOLJQHHVWKpWLTXH 3XLVVDQFHHQUHF\FODJH 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
 PóK DSSDUHLOGHFXLVVRQpOHFWULTXHFP
$FFHVVRLUHVHQRSWLRQ G% $ UHS: /HPRGXOHGHUHF\FODJHGHO
DLUDYHF
$$    ࡱ 5pGXFWLRQGHVRGHXUVHQUHF\FODJH ILOWUH&OHDQ$LUSHXWrWUHLQVWDOOpVXUOD
)LOWUH&OHDQ$LU  ࡱ+7 GH FKHPLQpHWpOHVFRSLTXH
GHUHPSODFHPHQWSRXUPRGXOHVGH 6LOHFRQGXLWG
XQHKRWWHHQPRGH
UHF\FODJH$$HW &DUDFWpULVWLTXHV G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
$$$$ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
$$    ࡱ LQWHQVLYH RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
ILOWUHjFKDUERQDFWLI  ࡱ+7 )RQFWLRQ$XWRPDWLTXHDYHF ODKRWWHGRLWrWUHSUpYXDYHFXQH
UpJpQpUDQW WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU IRQFWLRQGHVpFXULWpDGDSWpH
3RXUPRGXOHGHUHF\FODJH 7pPRLQGHVDWXUDWLRQGXILOWUHjJUDLVVH
$$$$ ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj 9DOHXUVGHUDFFRUGHPHQW
$$    ࡱ FKDUERQDFWLI 3XLVVDQFHWRWDOH:
0RGXOHGHUHF\FODJH  ࡱ+7 )LOWUHVDQWLJUDLVVHHQLQR[SHUIRUpV &kEOHPDYHFSULVH
DYHFILOWUH&OHDQ$LUSRXUXQHIRUWH ODYDEOHVDXODYHYDLVVHOOH
UpGXFWLRQGHVRGHXUVJUkFHjOD )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ
JUDQGHVXUIDFHGHILOWUDWLRQ &RQWU{OHGHODYHQWLODWLRQEDVpVXUOH
3RXUOHUHF\FODJHGHO
DLU UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
&RPELQDEOHDYHFOHVKRWWHVvORWV$, WDEOHGHFXLVVRQFRPSDWLEOH 
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX (FODLUDJH/('EODQFQHXWUH . 
PRGHpYDFXDWLRQH[WpULHXUH   DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX
5pGXFWLRQGXQLYHDXVRQRUHMXVTX
j &RXOHXUGHO
pFODLUDJHGDQVGLIIpUHQWV
G%SDUUDSSRUWDXV\VWqPH WRQVEODQFV .HOYLQ
FRQYHQWLRQQHOGHILOWUHVjFKDUERQHQ SRXYDQWrWUHUpJOpHYLD+RPH&RQQHFW
PRGHUHF\FODJH 3XLVVDQFHGHVDPSRXOHV[:
'XUpHGHYLHSOXVORQJXHGXILOWUH (FODLUDJHO[DYHFLQWHQVLWpYDULDEOH
&OHDQ$LU HQFRQWLQX
/HPRGXOHVHFRPSRVHGXSDQQHDX 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
GHVLJQGXILOWUH&OHDQ$LUGXWX\DX PRWHXU%/'&
IOH[LEOHHWGHFROOLHUVGHVHUUDJH ,VRODWLRQVRQRUHLQWpJUpHSRXUXQ
3RXULQVWDOODWLRQjO
LQWpULHXUGHOD IRQFWLRQQHPHQWVLOHQFLHX[
FKHPLQpH )OX[G
DLUGHOD]RQHGHFROOHFWHGHV
YDSHXUVRSWLPLVpJUkFHjO
LQVWDOODWLRQ
&RPELQDEOHDYHF HQUHWUDLWGHVILOWUHVDQWLJUDLVVH
7DEOHVGHFXLVVRQ6pULH &ODSHWDQWLUHWRXUOLYUpGHVpULH
&( 6\VWqPHGHIL[DWLRQUDSLGHSRXUXQ
&,[ PRQWDJHHWXQDOLJQHPHQWIDFLOH
&,[
&,[
7DEOHVGHFXLVVRQ6pULH
&;

%RQjVDYRLU
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ
GHFXLVVRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

Convient pour des hauteurs de plafond de 2,34 m à 2,52 m ;


indications pour une installation à 1,60 m du sol,
à partir du bord inférieur de la hotte.

Convient pour des hauteurs de plafond de 2,42 m à 2,64 m ;


indications pour une installation à 1,60 m du sol,
à partir du bord inférieur de la hotte.

Convient pour des hauteurs de plafond de 2,78 m à 3,15 m ;


indications pour une installation à 1,60 m du sol,
à partir du bord inférieur de la hotte.
+RWWHPXUDOH6pULH &RPELQDEOHDYHF (QPRGHUHF\FODJHFRPPDQGHU
$:  7RXVOHV9DULRGHFXLVVRQ6pULH REOLJDWRLUHPHQWOHPRGXOHGH
7RXVOHV9DULRGHFXLVVRQ6pULH UHF\FODJH&OHDQ$LU
² +RWWHSURIHVVLRQQHOOHDVVRFLpHj 7RXWHVOHVWDEOHVGHFXLVVRQ6pULH 0RGXOHGHUHF\FODJHDYHFILOWUHV
XQGHVLJQFODVVLTXH*DJJHQDX 7RXWHVOHVWDEOHVGHFXLVVRQ6pULH &OHDQ$LULQVWDOOpGDQVODFKHPLQpH
² 7UqVJUDQGHHIILFDFLWpG
DVSLUDWLRQ LQWpULHXUH/HVFKHPLQpHVSRXU
GHVYDSHXUVJUkFHjXQHJUDQGH %RQjVDYRLU UHF\FODJHVRQWSUpYXHVjFHWHIIHW
VXUIDFHG
DVSLUDWLRQ /DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ (QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
$:    ࡱ ² 6DQVPRWHXUFRPELQDEOHDYHFOHV GHFXLVVRQ PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
,QR[   ࡱ+7 FDLVVRQVPRWHXU%/'&*DJJHQDX FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
/DUJHXUFP ² )LOWUHVjFKLFDQHVLQFOLQpVDYHFXQ RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
&DLVVRQVPRWHXUVFRUUHVSRQGDQWV
(YDFXDWLRQH[WpULHXUHRXPRGH IRUWWDX[G
DEVRUSWLRQGHVJUDLVVHV ODKRWWHGRLWrWUHSUpYXDYHFXQH
YRLUSDJHV
UHF\FODJH ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH IRQFWLRQGHVpFXULWpDGDSWpH
6DQVPRWHXU SDU6HQVRUDGDSWHODSXLVVDQFH 
/LYUpHVDQVFKHPLQpH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV 9DOHXUVGHUDFFRUGHPHQW
$:    ࡱ GHFXLVVRQ 3XLVVDQFHWRWDOH:
,QR[   ࡱ+7 ² (FODLUDJH/('JUDQGDQJOHEODQF &kEOHGHUDFFRUGHPHQWP
/DUJHXUFP FKDXGDYHFYDULDWHXUG
LQWHQVLWp DYHFSULVH
‡$5
(YDFXDWLRQH[WpULHXUHRXPRGH SRXUXQpFODLUDJHRSWLPDOGXSODQ
UHF\FODJH GHFXLVVRQ
6DQVPRWHXU ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH
/LYUpHVDQVFKHPLQpH ² 0RGXOHGHUHF\FODJHDYHFILOWUH
$:    ࡱ &OHDQ$LUXQHVROXWLRQGH
,QR[   ࡱ+7 UHF\FODJHGHO
DLUVLOHQFLHXVHHWWUqV
/DUJHXUFP HIILFDFHFRPSDUDEOHjXQH
(YDFXDWLRQH[WpULHXUHRXPRGH pYDFXDWLRQH[WpULHXUHHW
UHF\FODJH UHPSODFHPHQWPRLQVIUpTXHQWGX ‡$5
6DQVPRWHXU ILOWUH
/LYUpHVDQVFKHPLQpH
3HUIRUPDQFHV
$FFHVVRLUHVG
LQVWDOODWLRQREOLJDWRLUHV /HVGRQQpHVGHSXLVVDQFHGpSHQGHQW
$'    ࡱ GXPRWHXUVpSDUpDVVRFLp
&KHPLQpHLQR[SRXU  ࡱ+7
pYDFXDWLRQ &DUDFWpULVWLTXHV ‡$5
/RQJXHXUPP YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
$'    ࡱ LQWHQVLYH
&KHPLQpHLQR[SRXU  ࡱ+7 )RQFWLRQ$XWRPDWLTXHDYHF
pYDFXDWLRQ WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
/RQJXHXUPP 7pPRLQGHVDWXUDWLRQGXILOWUHj
$'    ࡱ JUDLVVH
&KHPLQpHLQR[SRXU  ࡱ+7 )LOWUHVjFKLFDQHVODYDEOHVDX
UHF\FODJH ODYHYDLVVHOOH
/RQJXHXUPP (FODLUDJH/('JUDQGDQJOHEODQF
$'    ࡱ FKDXG . DYHFYDULDWHXU
&KHPLQpHLQR[SRXU  ࡱ+7 G
LQWHQVLWpHQFRQWLQX
UHF\FODJH 3XLVVDQFHGHVDPSRXOHV[:
/RQJXHXUPP ,QWHQVLWpOXPLQHXVHO[
6\VWqPHGHIL[DWLRQUDSLGHSRXUXQ
$FFHVVRLUHVHQRSWLRQ PRQWDJHHWXQDOLJQHPHQWIDFLOH
$$  ࡱ
0RGXOHDGDSWDWHXUSRXU ࡱ+7 &RQVRPPDWLRQV
FRQWDFWHXUGHIHQrWUHFRPELQDEOHDYHF /HVYDOHXUVGHFRQVRPPDWLRQ
PRWHXUVGHOD6pULH FRUUHVSRQGHQWjODFRQILJXUDWLRQ * avec la cheminée pour recyclage AD 442 112 pour hauteur sol-plafond
de 2,35 m à 2,60 m.
$$    ࡱ $:DYHFOHPRWHXU ** avec la cheminée pour recyclage AD 442 122 pour hauteur sol-plafond
)LOWUHV&OHDQ$LUGH  ࡱ+7 $5 de 2,60 m à 3,10 m.
Ces mesures sont valables pour une installation à 1,60 m du sol à partir
UHPSODFHPHQWSRXUPRGXOHGHUHF\FODJH &ODVVHG
HIILFDFLWppQHUJpWLTXH%$$ du bord inférieur de la hotte.
$$ SRXUXQHFODVVLILFDWLRQGH$j'
$$    ࡱ &RQVRPPDWLRQpQHUJpWLTXH
0RGXOHGHUHF\FODJH  ࡱ+7 N:KDQ
DYHFILOWUHV&OHDQ$LUSRXUXQHIRUWH &ODVVHG
HIILFDFLWpGXPRWHXU$$$
UpGXFWLRQGHVRGHXUVJUkFHjXQHJUDQGH &ODVVHG
HIILFDFLWpG
pFODLUDJH%%$
VXUIDFHGHILOWUDWLRQ &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH
3RXUOHUHF\FODJHGHO
DLU $%%
&RPELQDEOHDYHFKRWWHvORWHWKRWWH 1LYHDXVRQRUHPLQPD[G%
PXUDOH$,$: G%
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX
PRGHpYDFXDWLRQH[WpULHXUH   &RQVHLOVG
LQVWDOODWLRQ
5pGXFWLRQGXQLYHDXVRQRUHMXVTX
jG% /HVFDLVVRQVPRWHXUVVpSDUpVSRXUOH
SDUUDSSRUWDXV\VWqPHFRQYHQWLRQQHOGH UHF\FODJHRXO
pYDFXDWLRQH[WpULHXUH
ILOWUHVjFKDUERQHQPRGHUHF\FODJH VRQWUpSHUWRULpVSDJH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH /DFKHPLQpHHQSDUWLHVGRLWrWUH
&OHDQ$LU HQYjDQVHORQIUpTXHQFH REOLJDWRLUHPHQWFRPPDQGpHHQ
G
XWLOLVDWLRQ  DFFHVVRLUHG
LQVWDOODWLRQ
3RXULQVWDOODWLRQjO
LQWpULHXUGHODFKHPLQpH 5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
&RPSUHQGXQVXSSRUWILOWUHILOWUHV FkEOHUpVHDX
&OHDQ$LUXQWX\DXIOH[LEOHHWFROOLHUVGH 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
VHUUDJH WDEOHJD]FP
$'    ࡱ 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
&ROOHUHWWHGHILQLWLRQ  ࡱ+7 DSSDUHLOGHFXLVVRQpOHFWULTXHFP * avec la cheminée pour évacuation extérieure AD 442 012 pour hauteur
SRXUFKHPLQpH sol-plafond de 2,35 m à 2,60 m.
** avec la cheminée pour évacuation extérieure AD 442 022 pour hauteur
,QR[ sol-plafond de 2,60 m à 3,10 m.
Ces mesures sont valables pour une installation à 1,60 m du sol à partir du
bord inférieur de la hotte.

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQILJXUDWLRQVG
LQVWDOODWLRQUHFRPPDQGpHVSRXUKRWWHV $SSDUHLOVG
DVSLUDWLRQ 
PXUDOHV6pULHHWPRWHXUVVpSDUpV6pULH

&RQILJXUDWLRQG·LQVWDOODWLRQ
[$:DYHF$5
7X\DXURQG‘PP

%RQjVDYRLU
²3RXUXQJDLQGHSODFHOHPRWHXU$5VHSODFHGLUHFWHPHQWGDQVOD
FKHPLQpHGHODKRWWH$:
²ORQJXHXUVGHFKHPLQpHVGLVSRQLEOHVVHORQODKDXWHXUVRO²SODIRQG
²/DGLVWDQFHPLQLPDOHDYHFXQHWDEOHGHFXLVVRQpOHFWULTXHHVWGHPP
HWGHPPSRXUXQHWDEOHJD]
²3RXUO·pYDFXDWLRQH[WpULHXUHFRPPHSRXUOHUHF\FODJHOHVDFFHVVRLUHV
G·LQVWDOODWLRQQpFHVVDLUHVVRQWUpSHUWRULpVGDQVOHVOLVWHVFLGHVVRXV

/LVWHGHVDFFHVVRLUHV pYDFXDWLRQH[WpULHXUH /LVWHGHVDFFHVVRLUHV UHF\FODJH


²[$5 PRWHXUSRXULQVWDOODWLRQGDQVFKHPLQpHGHKRWWH$,$: ²[$5 PRWHXUSRXULQVWDOODWLRQGDQVFKHPLQpHGHKRWWH$,$:
²[$' FKHPLQpHLQR[SRXUpYDFXDWLRQH[WpULHXUHSRXUKDXWHXUVROSODIRQG ²[$$ PRGXOHGHUHF\FODJHDYHFILOWUH&OHDQ$LU
jP RX ²[$' FKHPLQpHLQR[SRXUUHF\FODJHSRXUKDXWHXUVROSODIRQGjP RX
[$' FKHPLQpHLQR[SRXUpYDFXDWLRQH[WpULHXUHSRXUKDXWHXUVROSODIRQG [$' FKHPLQpHLQR[SRXUUHF\FODJHSRXUKDXWHXUVROSODIRQGjP
jP ²(QRSWLRQ[$' FROOHUHWWHGHILQLWLRQLQR[KRWWHPXUDOH
²[$' WX\DXURQG‘PP VHORQKDXWHXUVROSODIRQG
²[$' DGKpVLISRXUpWDQFKpLILHUOHVUDFFRUGVGHVJDLQHVG·pYDFXDWLRQ
²(QRSWLRQ[$' FROOHUHWWHGHILQLWLRQLQR[KRWWHPXUDOH

* avec la cheminée pour évacuation extérieure AD 442 012 pour hauteur


sol-plafond de 2,35 m à 2,60 m. * avec la cheminée pour recyclage AD 442 112 pour hauteur sol-plafond
** avec la cheminée pour évacuation extérieure AD 442 022 pour hauteur de 2,35 m à 2,60 m.
sol-plafond de 2,60 m à 3,10 m. ** avec la cheminée pour recyclage AD 442 122 pour hauteur sol-plafond
Ces mesures sont valables pour une installation à 1,60 m du sol à partir du de 2,60 m à 3,10 m.
bord inférieur de la hotte. Ces mesures sont valables pour une installation à 1,60 m du sol à partir
du bord inférieur de la hotte.
+RWWHGpFRUDWLYHPXUDOH6pULH 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
$: PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
² +RWWHHQLQR[DYHFEDQGHDXDYDQW &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
HQYHUUHDVVRUWLDX[IRXUVGHOD GHVVHUYLFHV+RPH&RQQHFWGDQVOH
6pULH SD\VUHVSHFWLI/HVVHUYLFHV+RPH
² &DSWXUHGHVYDSHXUVWUqVHIILFDFH &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
JUkFHDX[ILOWUHVSODFpVHQUHWUDLW WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
² 0RWHXUVLOHQFLHX[HWpFRQRPH ZZZKRPHFRQQHFWFRP
$:    ࡱ HQpQHUJLH
,QR[DYHFEDQGHDX  ࡱ+7 ² )LOWUHVDQWLJUDLVVHLQR[SHUIRUpV &RQVRPPDWLRQV
HQYHUUH6pULJUDSKLH*DJJHQDX$QWKUDFLWH DYHFIRUWWDX[G
DEVRUSWLRQGHV &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
+RPH&RQQHFW JUDLVVHV XQHpFKHOOHGH$j'
/DUJHXUFP ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH &RQVRPPDWLRQpQHUJpWLTXH
(YDFXDWLRQHWUHF\FODJH SDU6HQVRUDGDSWHODSXLVVDQFH N:KDQ
/LYUpHGHVpULHDYHFNLWGHPRQWDJH G
DVSLUDWLRQDXYROXPHGHVYDSHXUV &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
HWFKHPLQpH GHFXLVVRQ &ODVVHG
HIILFDFLWpG
pFODLUDJH$
² (FODLUDJH/('EODQFQHXWUHDYHF &ODVVHG
HIILFDFLWpGXILOWUH
$FFHVVRLUHVG
LQVWDOODWLRQ YDULDWHXUG
LQWHQVLWpUpJODEOHSRXU DQWLJUDLVVH%
$'    ࡱ XQpFODLUDJHRSWLPDOGXSODQGH 1LYHDXVRQRUHPLQG%PD[G%
5DOORQJHGHFKHPLQpH  ࡱ+7 FXLVVRQ SRVLWLRQQRUPDOH
,QR[ ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH
/RQJXHXUPP &RQVHLOVG
LQVWDOODWLRQ
$'    ࡱ 3HUIRUPDQFHV /DOLYUDLVRQFRPSUHQGODFKHPLQpH
&ROOHUHWWHGHILQLWLRQ  ࡱ+7 3XLVVDQFHSRVLWLRQLQWHQVLYH HQSDUWLHVDYHFOHVGLPHQVLRQVGH
SRXUFKHPLQpH 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ jPP/HVLQVWDOODWLRQV
,QR[ ODQRUPH(1 SHUVRQQDOLVpHVSHXYHQWrWUH
 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ VROXWLRQQpHVJUkFHjO
DFFHVVRLUHHQ
$FFHVVRLUHVHQRSWLRQ (1 RSWLRQ5DOORQJHGHFKHPLQpH
$$    ࡱ 3UHVVLRQDFRXVWLTXHPHVXUpHVHORQ $'RXELHQHQUDFFRXUFLVVDQW
)LOWUH&OHDQ$LU  ࡱ+7 (1 OHEDVGHODFKHPLQpHWpOHVFRSLTXH
GHUHPSODFHPHQWSRXUPRGXOHVGH 5pGXFWLRQGHVRGHXUVHQUHF\FODJH 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
UHF\FODJH$$HW VHORQ(1 WDEOHJD]FP PLQLPXPFPVL
$$$$ 3XLVVDQFHHQpYDFXDWLRQ SXLVVDQFHWRWDOHGXJD]VXSpULHXUHj
$$    ࡱ PóK N: 
ILOWUHjFKDUERQDFWLI  ࡱ+7 G% $ UHS: 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
UpJpQpUDQW G% $ UH˄3D DSSDUHLOGHFXLVVRQpOHFWULTXHFP
3RXUPRGXOHGHUHF\FODJH$$ 3XLVVDQFHHQUHF\FODJH /HPRGXOHGHUHF\FODJHGHO
DLUDYHF
HW$$$$ PóK ILOWUH&OHDQ$LUSHXWrWUHLQVWDOOpVXUOD
$$    ࡱ G% $ UHS: FKHPLQpHWpOHVFRSLTXH
0RGXOHGHUHF\FODJH  ࡱ+7 G% $ UH˄3D 6LOHFRQGXLWG
XQHKRWWHHQPRGH
DYHFILOWUH&OHDQ$LU 5pGXFWLRQGHVRGHXUVHQUHF\FODJH G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
3RXUOHUHF\FODJHGHO
DLU GH FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
&RPELQDEOHDYHFKRWWHVPXUDOHV RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
$: &DUDFWpULVWLTXHV ODKRWWHGRLWrWUHSUpYXDYHFXQH
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ IRQFWLRQGHVpFXULWpDGDSWpH
PRGHpYDFXDWLRQH[WpULHXUH   LQWHQVLYH
5pGXFWLRQGXQLYHDXVRQRUHMXVTX
j )RQFWLRQ$XWRPDWLTXHDYHF 9DOHXUVGHUDFFRUGHPHQW
G%SDUUDSSRUWDXV\VWqPH WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU 3XLVVDQFHWRWDOH:
FRQYHQWLRQQHOGHILOWUHVjFKDUERQHQ 7pPRLQGHVDWXUDWLRQGXILOWUHj &kEOHPDYHFSULVH
PRGHUHF\FODJH JUDLVVH
'XUpHGHYLHSOXVORQJXHGXILOWUH ,QGLFDWHXUGHVDWXUDWLRQGXILOWUHj
&OHDQ$LU FKDUERQDFWLI
3RXULQVWDOODWLRQVXUFKHPLQpH )LOWUHVDQWLJUDLVVHHQLQR[SHUIRUpV
H[WpULHXUHRXFKHPLQpHLQWpULHXUH ODYDEOHVDXODYHYDLVVHOOH
/HPRGXOHVHFRPSRVHGXSDQQHDX )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWH
GHVLJQGHODIL[DWLRQPXUDOHGXILOWUH PLQ
&OHDQ$LUGXWX\DXIOH[LEOHHWGH &RQWU{OHGHODYHQWLODWLRQEDVpVXUOH
FROOLHUVGHVHUUDJH UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
WDEOHGHFXLVVRQFRPSDWLEOH 
&RPELQDEOHDYHF (FODLUDJH/('EODQFQHXWUH . 
7DEOHVGHFXLVVRQ6pULH DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX
&( &RXOHXUGHO
pFODLUDJHGDQVGLIIpUHQWV
&,[ WRQVEODQFV .HOYLQ
&,[ SRXYDQWrWUHUpJOpHYLD+RPH&RQQHFW
&,[ 3XLVVDQFHGHVDPSRXOHV[:
7DEOHVGHFXLVVRQ6pULH (FODLUDJHO[DYHFLQWHQVLWpYDULDEOH
&; HQFRQWLQX
7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
%RQjVDYRLU PRWHXU%/'&
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ ,VRODWLRQVRQRUHLQWpJUpHSRXUXQ
GHFXLVVRQ IRQFWLRQQHPHQWVLOHQFLHX[
)OX[G
DLUGHOD]RQHGHFROOHFWHGHV
YDSHXUVRSWLPLVpJUkFHjO
LQVWDOODWLRQ
HQUHWUDLWGHVILOWUHVDQWLJUDLVVH
&ODSHWDQWLUHWRXUOLYUpGHVpULH
6\VWqPHGHIL[DWLRQUDSLGHSRXUXQ
PRQWDJHHWXQDOLJQHPHQWIDFLOH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

Convient pour des hauteurs de plafond de 2,45 m à 2,75 m ;


indications pour une installation à 1,60 m du sol,
à partir du bord inférieur de la hotte.

Convient pour des hauteurs de plafond de 2,64 m à 2,97 m ;


indications pour une installation à 1,60 m du sol,
à partir du bord inférieur de la hotte.
 +RWWHGpFRUDWLYHPXUDOH6pULH (FODLUDJHLQGLUHFW/(' . 
$:  YDULDEOH
7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
² /HSDQQHDXpFUDQYDSHXULQFOLQp PRWHXU%/'&
OLEqUHO
HVSDFHDXGHVVXVGHOD ,VRODWLRQVRQRUHLQWpJUpHSRXUXQ
WDEOHGHFXLVVRQ IRQFWLRQQHPHQWVLOHQFLHX[
² /LYUpHGHVpULHHQPRGHUHF\FODJH &DGUHLQWpULHXUIDFLOHG
HQWUHWLHQ
DYHFILOWUHjFKDUERQDFWLI 6\VWqPHGHIL[DWLRQUDSLGHSRXUXQ
² )LOWUHUHFRXYHUWG
XQHVXUIDFHHQ PRQWDJHHWXQDOLJQHPHQWIDFLOH
YHUUHIDFLOHG
HQWUHWLHQ 
² 3DQQHDXHQYHUUHDVVRUWLDX[IRXUV 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
$:    ࡱ GHOD6pULH PRGH'LJLWDO +RPH&RQQHFW 
3DQQHDXHQYHUUH  ࡱ+7 ² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
6pULJUDSKLH*DJJHQDX$QWKUDFLWH pQHUJLH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
+RPH&RQQHFW ² &DSWDJHHIILFDFHGHVYDSHXUV GHVVHUYLFHV+RPH&RQQHFWGDQVOH
/DUJHXUFP JUkFHj]RQHVG
DVSLUDWLRQ SD\VUHVSHFWLI/HVVHUYLFHV+RPH
(YDFXDWLRQH[WpULHXUHRXPRGH HQGHVVRXVHWVXUO
DYDQW &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
UHF\FODJH ² ([WHQVLRQSRVVLEOHYHUVO
DYDQWGX WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
/LYUpHDYHFILOWUHjFKDUERQDFWLI SDQQHDXHQYHUUHSRXUXQH ZZZKRPHFRQQHFWFRP
3RXUpYDFXDWLRQH[WpULHXUHFKHPLQpH DXJPHQWDWLRQGHOD]RQHGH
HQRSWLRQ FDSWDJHORUVGHVFXLVVRQV &RQVRPPDWLRQV
LQWHQVLYHV &ODVVHG
HIILFDFLWppQHUJpWLTXH$
$FFHVVRLUHVG
LQVWDOODWLRQ ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH SRXUXQHFODVVLILFDWLRQGH$j'
$'    ࡱ SDU6HQVRUDGDSWHODSXLVVDQFH &RQVRPPDWLRQpQHUJpWLTXH
&KHPLQpHLQR[  ࡱ+7 G
DVSLUDWLRQDXYROXPHGHVYDSHXUV N:KDQ
SRXUpYDFXDWLRQ GHFXLVVRQ &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
/RQJXHXUPP ² (FODLUDJHG
DPELDQFHYDULDEOH &ODVVHG
HIILFDFLWpG
pFODLUDJH$
SHUVRQQDOLVDEOH &ODVVHG
HIILFDFLWpGXILOWUH
$FFHVVRLUHVHQRSWLRQ ² &RQWU{OHGHODYHQWLODWLRQYLDOD DQWLJUDLVVH%
$$    ࡱ WDEOHGHFXLVVRQ VLWDEOH 1LYHDXVRQRUHPLQG%
ILOWUHVjFKDUERQ  ࡱ+7 FRPSDWLEOH RX+RPH&RQQHFW PD[G%SRVLWLRQQRUPDOH
DFWLISRXYDQWrWUHUpJpQpUpV ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH
3RXUOHUHF\FODJHGHO
DLU &RQVHLOVG
LQVWDOODWLRQ
&RPELQDEOHDYHFKRWWHPXUDOH 3HUIRUPDQFHV /DKRWWHHVWOLYUpHVDQVFKHPLQpHSRXU
$:[ 3XLVVDQFHSRVLWLRQLQWHQVLYH XQHXWLOLVDWLRQHQPRGHUHF\FODJH
5pGXFWLRQGHVRGHXUV 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ 3RXUXQHXWLOLVDWLRQHQpYDFXDWLRQ
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH ODQRUPH(1 H[WpULHXUHO
DFFHVVRLUHFKHPLQpH
jFKDUERQDFWLISRVVLELOLWpGHOH 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ $'HVWjFRPPDQGHU
UpJpQpUHUMXVTX
jIRLV (1 VpSDUpPHQW
5pJpQpUDWLRQGDQVOHIRXUjƒ& 5pGXFWLRQGHVRGHXUVHQUHF\FODJH 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
$$    ࡱ VHORQ(1 WDEOHJD]FP PLQLPXPFPVL
ILOWUHVjFKDUERQDFWLI ࡱ+7  SXLVVDQFHWRWDOHGXJD]VXSpULHXUHj
3RXUOHUHF\FODJHGHO
DLU $SSDUHLOODUJHXUFP N: 
&RPELQDEOHDYHFKRWWHPXUDOH 3XLVVDQFHHQpYDFXDWLRQ 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
$:[ PóK DSSDUHLOGHFXLVVRQpOHFWULTXHFP
5pGXFWLRQGHVRGHXUV G% $ UHS: 6LOHFRQGXLWG
XQHKRWWHHQPRGH
3RXULQVWDOODWLRQGDQVO
DSSDUHLO 3XLVVDQFHHQUHF\FODJH G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
$GDSWpjODSUpSDUDWLRQGHVSRLVVRQV PóK FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
HWIUXLWVGHPHUJUkFHDXWUDLWHPHQW G% $ UHS: RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
VSpFLDO  ODKRWWHGRLWrWUHSUpYXDYHFXQH
5pGXFWLRQGHVRGHXUVGH IRQFWLRQGHVpFXULWpDGDSWpH
&RPELQDEOHDYHF
7DEOHVGHFXLVVRQ6pULH &DUDFWpULVWLTXHV 9DOHXUVGHUDFFRUGHPHQW
&( YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ 3XLVVDQFHWRWDOH:
&,[ LQWHQVLYH &kEOHPDYHFSULVH
&,[ )RQFWLRQ$XWRPDWLTXHDYHF
&,[ WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
7DEOHVGHFXLVVRQ6pULH 7pPRLQGHVDWXUDWLRQGHVILOWUH
&; DQWLJUDLVVHHWFKDUERQDFWLI
)RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ
%RQjVDYRLU &RQWU{OHGHODYHQWLODWLRQEDVpVXUOH
/DKRWWHGRLWrWUHSOXVODUJHTXHOHSODQ UpJODJHGHODWDEOHGHFXLVVRQ DYHFOD
GHFXLVVRQ WDEOHGHFXLVVRQFRPSDWLEOH 
)LOWUHDQWLJUDLVVHPpWDOOLTXHODYDEOHDX
ODYHYDLVVHOOH
5HFRXYUHPHQWGXILOWUHHQYHUUH
6pULJUDSKLH*DJJHQDX Vue latérale
ILOWUHVjFKDUERQDFWLIOLYUpVGHVpULH
DYHFO
DSSDUHLO
(FODLUDJH/('EODQFQHXWUH . 
DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX
3XLVVDQFHGHVDPSRXOHV[:
,QWHQVLWpOXPLQHXVHO[


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

Mode recyclage Evacuation extérieure


+RWWHWLURLU6pULH 0RGqOHODUJHXUFPFRPELQDEOH /HPRWHXUVHPHWHQURXWHORUVGH
$) DYHF O
H[WUDFWLRQGXWLURLUpFUDQYDSHXU
9DULRGHFXLVVRQ6pULH 7HFKQRORJLHEUHYHWpHSRXUO
H[WUDFWLRQ
² 'HVLJQGLVFUHWGHODKRWWHWLURLU 9, GXWLURLUpFUDQYDSHXU
JUkFHDXSDQQHDXGHYHUUHLQWpJUp 9, 7LURLUpFUDQYDSHXUH[WUDFWLEOHPP
GDQVOHWLURLUpFUDQYDSHXU 9, &DLVVRQLQWpULHXUDGDSWpDYHFIOX[G
DLU
² )RQFWLRQQHPHQWSDUWLFXOLqUHPHQW 9, RSWLPLVpSRXUXQHFLUFXODWLRQG
DLU
VLOHQFLHX[JUkFHjO
LVRODWLRQ 9, HIILFDFHHWXQQHWWR\DJHIDFLOH
SKRQLTXHLQWpJUpH 9* 6\VWqPHG
LQVWDOODWLRQUDSLGHEUHYHWp
೦1RXYHDX ² ([WUDFWLRQGXWLURLUpFUDQYDSHXUVXU 9* SRXUXQPRQWDJHIDFLOH
$)೦  ࡱ VLPSOHSUHVVLRQVXUOHEDQGHDX 9* &ODSHWDQWLUHWRXUOLYUpGHVpULH
%DQGHDXLQR[ ࡱ+7 ² 3XLVVDQFHG
DVSLUDWLRQpOHYpH 93
/DUJHXUFP ² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ 95 &RQVRPPDWLRQV
(YDFXDWLRQH[WpULHXUHHWUHF\FODJH pQHUJLH &ODVVHG
HIILFDFLWppQHUJpWLTXH$VXU
$)೦  ࡱ ² )RQFWLRQ$XWRPDWLTXHFRQWU{OpH 9DULRGHFXLVVRQ6pULH XQHpFKHOOHGH$j'
%DQGHDXLQR[ ࡱ+7 SDU6HQVRUDGDSWHODSXLVVDQFH 9, &RQVRPPDWLRQpQHUJpWLTXH
/DUJHXUFP G
DVSLUDWLRQDXYROXPHGHVYDSHXUV 9, N:KDQ
(YDFXDWLRQH[WpULHXUHHWUHF\FODJH GHFXLVVRQ 9, &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
² (FODLUDJH/('EODQFQHXWUHDYHF 9* &ODVVHG
HIILFDFLWpG
pFODLUDJH$
$FFHVVRLUHVG
LQVWDOODWLRQ YDULDWHXUG
LQWHQVLWpUpJODEOHSRXU 9* &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH%
$$    ࡱ XQpFODLUDJHRSWLPDOGXSODQGH 9* 1LYHDXVRQRUHPLQ'%PD['%
&DGUHDEDLVVDQW  ࡱ+7 FXLVVRQ SRVLWLRQQRUPDOH
SRXUKRWWHWLURLUFP ² /HFDGUHDEDLVVDQWEUHYHWpSHUPHW 7DEOHVGHFXLVVRQ6pULH
$FRPELQHUDYHFOHVKRWWHVWLURLU GHGLVVLPXOHUHQWLqUHPHQWODKRWWH &; &RQVHLOVG
LQVWDOODWLRQ
6pULH WLURLUGDQVO
DUPRLUHVXSpULHXUH &; (QPRGHUHF\FODJHFRPPDQGHU
/HFDGUHDEDLVVDQWEUHYHWpSHUPHWGH ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH &* REOLJDWRLUHPHQWOHPRGXOHGH
GLVVLPXOHUHQWLqUHPHQWODKRWWHWLURLU ² 0RGXOHGHUHF\FODJHDYHFILOWUH UHF\FODJH&OHDQ$LU
GDQVO
DUPRLUHVXSpULHXUH ² &OHDQ$LUXQHVROXWLRQGH 7DEOHVGHFXLVVRQ6pULH /HPRGXOHGHUHF\FODJHDYHFILOWUH
3RXUPRQWDJHGDQVXQHDUPRLUH UHF\FODJHGHO
DLUVLOHQFLHXVHHWWUqV &,[ &OHDQ$LUEUHYHWpSHXWrWUHLQVWDOOp
VXSpULHXUH HIILFDFHFRPSDUDEOHjXQH &,[ GDQVOHPHXEOHKDXW/HUHPSODFHPHQW
$$  ࡱ pYDFXDWLRQH[WpULHXUHHW &,[ GXILOWUHV
HIIHFWXHHQWLUDQWVLPSOHPHQW
.LWGHPRQWDJHSRXU  ࡱ+7 UHPSODFHPHQWPRLQVIUpTXHQWGX &,[ OHILOWUH&OHDQ$LUYHUVO
DYDQW
LQVWDOODWLRQGHVKRWWHVWLURLU6pULH ILOWUH &( /HUHPSODFHPHQWGXILOWUH&OHDQ$LU
GDQVXQHDUPRLUHVXSpULHXUHGH &( QpFHVVLWHO
RXYHUWXUHWRWDOHGHODSRUWH
ODUJHXUFP 3HUIRUPDQFHV &*[ GHO
DUPRLUHVXSpULHXUH
0RQWDJHJDXFKHGURLWHGDQVPHXEOH 3XLVVDQFHSRVLWLRQLQWHQVLYH &*[ $LQVWDOOHUGDQVXQHDUPRLUH
KDXW 3XLVVDQFHG
DVSLUDWLRQPHVXUpH 9*[ VXSpULHXUHVDQVSODQFKHU
/H.LWGHPRQWDJHQ
HVWSDV VHORQODQRUPH(1 /DSURIRQGHXUQpFHVVDLUHGHO
DUPRLUH
QpFHVVDLUHHQFDVG·LQVWDOODWLRQ 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ %RQjVDYRLU VXSpULHXUHSRXUO
LQVWDOODWLRQGXFDGUH
GXFDGUHDEDLVVDQW$$ (1 /DKRWWHSHXWrWUHDXVVLODUJHTXHOH DEDLVVDQWHVWGHPP
$$  ࡱ 3UHVVLRQDFRXVWLTXHPHVXUpHVHORQ SODQGHFXLVVRQ /DKDXWHXUQpFHVVDLUHGHO
DUPRLUH
&DGUHDEDLVVDQWSRXU  ࡱ+7 (15pGXFWLRQGHVRGHXUV VXSpULHXUHDVVRFLpHDXFDGUH
KRWWHWLURLUFP HQUHF\FODJHVHORQ(1 0RGqOHODUJHXUFPFRPELQDEOH DEDLVVDQWHVWGHPP
/HFDGUHDEDLVVDQWEUHYHWpSHUPHWGH DYHF 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
GLVVLPXOHUODKRWWHWLURLUGDQVO·DUPRLUH /DUJHXUGHVDSSDUHLOVFP 9DULRGHFXLVVRQ6pULH WDEOHJD]FP PLQLPXPFPVL
VXSpULHXUH 3XLVVDQFHHQpYDFXDWLRQ 9, SXLVVDQFHWRWDOHGXJD]VXSpULHXUHj
 PóK 9, N: 
$FFHVVRLUHVHQRSWLRQ G% $ UHS: 9, 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
$$    ࡱ 3XLVVDQFHHQUHF\FODJH 9* DSSDUHLOGHFXLVVRQpOHFWULTXHFP
ILOWUH&OHDQ$LU  ࡱ+7 PóK 9* 6LOHFRQGXLWG
XQHKRWWHHQPRGH
GHUHPSODFHPHQWSRXUXQHIRUWH G% $ UHS: 93 G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
UpGXFWLRQGHVRGHXUVJUkFHjXQH 5pGXFWLRQGHVRGHXUVHQUHF\FODJH 95 FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
LPSRUWDQWHVXUIDFHGHILOWUDWLRQ ! RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
3RXUPRGXOHGHUHF\FODJH 9DULRGHFXLVVRQ6pULH ODKRWWHGRLWrWUHSUpYXDYHFXQH
$$ /DUJHXUGHVDSSDUHLOVFP 9, IRQFWLRQGHVpFXULWpDGDSWpH
$$  ࡱ 3XLVVDQFHHQpYDFXDWLRQ 9,
0RGXOHGHUHF\FODJH ࡱ+7 PóK 9, 9DOHXUVGHUDFFRUGHPHQW
&RPSUHQGILOWUHjFKDUERQDFWLI G% $ UHS: 9* 3XLVVDQFHWRWDOH:
&OHDQ$LUSRXUXQHIRUWHUpGXFWLRQGHV 3XLVVDQFHHQUHF\FODJH 9* &kEOHGHUDFFRUGHPHQWPDYHF
RGHXUVJUkFHjXQHLPSRUWDQWHVXUIDFH PóK 9* SULVH
GHILOWUDWLRQ G% $ UHS:
5pGXFWLRQGHVRGHXUVHQUHF\FODJH 7DEOHVGHFXLVVRQ6pULH
! &,[
 &(
&DUDFWpULVWLTXHV &*
&RPPDQGHVHQIDoDGH
YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ %RQjVDYRLU
LQWHQVLYH /DKRWWHSHXWrWUHDXVVLODUJHTXHOH
)RQFWLRQ$XWRPDWLTXHDYHF SODQGHFXLVVRQ
WHPSRULVDWLRQFRQWU{OpHSDU6HQVRU
7pPRLQGHVDWXUDWLRQGXILOWUHjJUDLVVH
)LOWUHDQWLJUDLVVHLQR[UpVLVWDQWDX
ODYHYDLVVHOOH
(FODLUDJH/('EODQFQHXWUH . 
DYHFYDULDWHXUG
LQWHQVLWpHQFRQWLQX
3XLVVDQFHGHVDPSRXOHV[:
,QWHQVLWpOXPLQHXVHO[
&RPPDQGHGHO
pFODLUDJHVpSDUpH
7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
PRWHXU%/'&
,VRODWLRQVRQRUHLQWpJUpHSRXUXQ
IRQFWLRQQHPHQWVLOHQFLHX[

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

$$SSDUHLOXQLTXHPHQW
%$SSDUHLODYHFFDGUHDEDLVVDQW

0HVXUHVHQPP

&RXSHWUDQVYHUVDOHGXPHXEOHKDXWSRXU$)DYHF$$
HWFDGUHDEDLVVDQW$$

0HXEOHKDXWSRXU$)DYHFFDGUHDEDLVVDQW
*URXSHILOWUDQW6pULH $SSDUHLOODUJHXUFPFRPELQDEOH &RQVRPPDWLRQV
$&  DYHF &ODVVHG
HIILFDFLWppQHUJpWLTXH
9DULRGHFXLVVRQ6pULH $VXUXQHpFKHOOHGH$j'
² ,QWpJUDWLRQLQYLVLEOHGDQVPHXEOH 9, &RQVRPPDWLRQpQHUJpWLTXH
KDXW 9, N:KDQ
² 0RWHXUVLOHQFLHX[HWpFRQRPHHQ 9, &ODVVHG
HIILFDFLWpG
DVSLUDWLRQ$
pQHUJLH 9* &ODVVHG
HIILFDFLWpG
pFODLUDJH$
² $VSLUDWLRQSpULSKpULTXHDYHF 9* &ODVVHG
HIILFDFLWpGXILOWUHDQWLJUDLVVH'
VXUIDFHHQYHUUHOLVVHIDFLOHj 93 1LYHDXVRQRUHPLQG%
$&    ࡱ QHWWR\HU 95 PD[G%SRVLWLRQQRUPDOH
,QR[HWYHUUH  ࡱ+7 ² (FODLUDJH/('EODQFQHXWUHDYHF
/DUJHXUFP YDULDWHXUG
LQWHQVLWpUpJODEOHSRXU 9DULRGHFXLVVRQ6pULH &RQVHLOVG
LQVWDOODWLRQ
(YDFXDWLRQHWUHF\FODJH XQpFODLUDJHRSWLPDOGXSODQGH 9, 0RGXOHGHUHF\FODJHEUHYHWpDYHF
$&    ࡱ FXLVVRQ 9, ILOWUHjFKDUERQ&OHDQ$LUTXLSHXWrWUH
,QR[HWYHUUH  ࡱ+7 ² (YDFXDWLRQH[WpULHXUHRXUHF\FODJH 9, LQVWDOOpGDQVO
DUPRLUHVXSpULHXUH
/DUJHXUFP ² &ODVVHG
HIILFDFLWppQHUJpWLTXH 9* /HUHPSODFHPHQWGXILOWUH&OHDQ$LUVH
(YDFXDWLRQHWUHF\FODJH $ 9* IDLWSDUO
DYDQWJUkFHjODVLPSOH
$&    ࡱ 9* H[WUDFWLRQGXWLURLUjILOWUH
,QR[HWYHUUH  ࡱ+7 3HUIRUPDQFHV /HUHPSODFHPHQWGXILOWUH&OHDQ$LU
/DUJHXUFP 3XLVVDQFHSRVLWLRQLQWHQVLYH 7DEOHVGHFXLVVRQ6pULH QpFHVVLWHO
RXYHUWXUHWRWDOHGHODSRUWH
(YDFXDWLRQHWUHF\FODJH 3XLVVDQFHG
DVSLUDWLRQPHVXUpHVHORQ &,[ GHO
DUPRLUHVXSpULHXUH
 ODQRUPH(1 &,[ ,QWpJUDWLRQLQYLVLEOHSRVVLEOHGDQV
$FFHVVRLUHVHQRSWLRQ 3XLVVDQFHDFRXVWLTXHPHVXUpHVHORQ &( PHXEOHKDXW
$$    ࡱ (1 &* /HVSODQVGHFXLVVRQ9DULRSURGXLVDQW
7pOpFRPPDQGH  ࡱ+7 5pGXFWLRQGHVRGHXUVHQUHF\FODJH EHDXFRXSGHYDSHXUFRPPHOHV95
SRXUJURXSHILOWUDQW$& VHORQ(1 %RQjVDYRLU 93GRLYHQWrWUHSODFpVDXFHQWUHVRXV
$$    ࡱ /DKRWWHSHXWrWUHDXVVLODUJHTXHOH ODKRWWH'DQVFHVFRQILJXUDWLRQVOH
ILOWUH&OHDQ$LUGH  ࡱ+7 /DUJHXUGHVDSSDUHLOVFP SODQGHFXLVVRQ PRGHUHF\FODJHQ
HVWSDVUHFRPPDQGp
UHPSODFHPHQWSRXUXQHIRUWH 3XLVVDQFHHQpYDFXDWLRQ 'LVWDQFHPLQLPDOHDXGHVVXVG
XQH
UpGXFWLRQGHVRGHXUVJUkFHjXQH PóK $SSDUHLOODUJHXUFPFRPELQDEOH WDEOHJD]FP PLQLPXPFPVL
LPSRUWDQWHVXUIDFHGHILOWUDWLRQ G% $ UHS: DYHF SXLVVDQFHWRWDOHGXJD]VXSpULHXUHj
3RXUPRGXOHGHUHF\FODJH 3XLVVDQFHHQUHF\FODJH 9DULRGHFXLVVRQ6pULH N: 
$$ PóK 9, 'LVWDQFHPLQLPDOHDXGHVVXVG
XQ
$$  ࡱ G% $ UHS: 9, DSSDUHLOGHFXLVVRQpOHFWULTXHFP
0RGXOHGHUHF\FODJH  ࡱ+7 5pGXFWLRQGHVRGHXUVHQUHF\FODJH 9* 6LOHFRQGXLWG
XQHKRWWHHQPRGH
&RPSUHQGILOWUHjFKDUERQDFWLI GH 9* G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
&OHDQ$LUSRXUXQHIRUWHUpGXFWLRQGHV 93 FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
RGHXUVJUkFHjXQHLPSRUWDQWHVXUIDFH /DUJHXUGHVDSSDUHLOVFP 95 RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
GHILOWUDWLRQ 3XLVVDQFHHQpYDFXDWLRQ ODKRWWHGRLWrWUHSUpYXDYHFXQH
PóK 9DULRGHFXLVVRQ6pULH IRQFWLRQGHVpFXULWpDGDSWpH
$SSDUHLOODUJHXUFPFRPELQDEOH G% $ UHS: 9,
DYHF 3XLVVDQFHHQUHF\FODJH 9, 9DOHXUVGHUDFFRUGHPHQW
9DULRGHFXLVVRQ6pULH PóK 9* 3XLVVDQFHWRWDOH:
9, G% $ UHS: 9* &kEOHPDYHFSULVH
9, G% $ UH˄3D 9*
9, 5pGXFWLRQGHVRGHXUVHQUHF\FODJH
9, GH 7DEOHVGHFXLVVRQ6pULH
9, &,[
9* /DUJHXUGHVDSSDUHLOVFP &(
9* 3XLVVDQFHHQpYDFXDWLRQ &*
9* PóK
93 G% $ UHS: %RQjVDYRLU
95 3XLVVDQFHHQUHF\FODJH /DKRWWHSHXWrWUHDXVVLODUJHTXHOH
PóK SODQGHFXLVVRQ
9DULRGHFXLVVRQ6pULH G% $ UHS:
9, 5pGXFWLRQGHVRGHXUVHQUHF\FODJH
9, GH
9,
9* &DUDFWpULVWLTXHV
9* YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
9* LQWHQVLYH
7pOpFRPPDQGHGLVSRQLEOHHQ
7DEOHVGHFXLVVRQ6pULH DFFHVVRLUHHQRSWLRQ
&; )RQFWLRQ$VSLUDWLRQLQWHUPLWWHQWHPLQ
&; )RQFWLRQ7HPSRULVDWLRQPLQ
&* 7pPRLQGHVDWXUDWLRQGXILOWUHjJUDLVVH
)LOWUHDQWLJUDLVVHPpWDOOLTXHODYDEOHDX
7DEOHVGHFXLVVRQ6pULH ODYHYDLVVHOOH
&,[ )LOWUHUHFRXYHUWG
XQHSODTXHHQYHUUH
&,[ (FODLUDJH/('EODQFQHXWUH . 
&,[ DYHFYDULDWHXUG
LQWHQVLWpUpJODEOH
&,[ 3XLVVDQFHGHVDPSRXOHV[:
&( ,QWHQVLWpOXPLQHXVHO[
&( 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
&* PRWHXU%/'&
&*
9*

%RQjVDYRLU
/DKRWWHSHXWrWUHDXVVLODUJHTXHOH
SODQGHFXLVVRQ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

9XHGHGHVVXVPHXEOHKDXWDYHF$&HW$$

Emplacement sortie d'air


&RQVHLOVG·LQVWDOODWLRQGHEDVH

/HEXWG·XQHERQQHSODQL=FDWLRQGHYHQWLODWLRQHVWG·pYDFXHUOHSOXVYLWHHWOHSOXV /HVIDFWHXUVLPSRUWDQWVTXLLQ=XHQWVXUODSXLVVDQFHG·DVSLUDWLRQ
FRPSOqWHPHQWSRVVLEOHOHVYDSHXUVHWIXPpHVGHODFXLVLQH3RXUYRXVDLGHUjpYDOXHU
DXPLHX[OHVEHVRLQVGHO·LQVWDOODWLRQFLGHVVRXVTXHOTXHVSUpFLHX[FRQVHLOVGH ²/HVPRWHXUVOHVDSSDUHLOVG·DVSLUDWLRQ*DJJHQDXVRQWpTXLSpVGHPRWHXUV
SODQL=FDWLRQGHODSDUWGHQRVH[SHUWVHQYHQWLODWLRQ SDUWLFXOLqUHPHQWSXLVVDQWVRXSHXYHQWrWUHFRPELQpVDYHFGHSXLVVDQWVFDLVVRQV
PRWHXUVVpSDUpVHQPRGHpYDFXDWLRQH[WpULHXUHRXHQPRGHUHF\FODJH&HV
/DSODQL=FDWLRQG·XQHYHQWLODWLRQHVWGpWHUPLQpHHQJUDQGHSDUWLHSDUO·DSSRUWG·DLUHW FDLVVRQVPRWHXUVRQWSDUDLOOHXUVXQHSUHVVLRQVWDEOH,OVFRPSHQVHQWG·pYHQWXHOOHV
ODVRUWLHG·DLU/HEHVRLQHQDSSRUWG·DLUHVWGpWHUPLQpSDUODSXLVVDQFHG·DVSLUDWLRQGH SHUWHVGHSUHVVLRQGXHVDXUDFFRUGHPHQWGHVWX\DX[HWVRQWpJDOHPHQWWUqV
ODKRWWHHQWHQDQWFRPSWHGHWRXVOHVDFFHVVRLUHVQpFHVVDLUHV HZFDFHVPrPHjIDLEOHQLYHDXVRQRUH
²5DFFRUGHPHQWGHVWX\DX[HWLQVWDOODWLRQSRXUDWWHLQGUHXQUpVXOWDWRSWLPDOLOIDXW
%HVRLQHQDSSRUWG·DLU YHLOOHUjUHVSHFWHUOHVFRQVLJQHVFLGHVVRXV

/DSXLVVDQFHG·DVSLUDWLRQGXV\VWqPHFRPSOHWGHYHQWLODWLRQGRLWFRUUHVSRQGUHDX /DGLVWDQFHPLQLPDOHGHVFRXGHVGRLWVHVLWXHUjDXPRLQVFPGHODVRUWLHG·DLU
EHVRLQG·DSSRUWG·DLU&RPPHEDVHGHSODQL=FDWLRQVRQWVRXYHQWSULVHQFRPSWHOD (YLWH]OHVUpWUpFLVVHPHQWVGHVHFWLRQ
WDLOOHGHODFXLVLQHDLQVLTXHOHWDX[GHUHQRXYHOOHPHQWGHO·DLUFRUUHVSRQGDQWDX 3RXUOHVFRXGHVXWLOLVHUVLSRVVLEOHGHVFRXGHVOHSOXVODUJHSRVVLEOH
YROXPHGHODSLqFH1RXVQHSUHQRQVHQFRPSWHFHWWHPDQLqUHGHFDOFXOHUTXHSRXU 1·XWLOLVH]TXHGHVWX\DX[DYHFXQHVXUIDFHLQWpULHXUHOLVVHHWGHPrPHQLYHDX
OHVLQVWDOODWLRQVVLWXpHVjSOXVG·PDXGHVVXVGXSODQGHFXLVVRQF
HVWjGLUH 8WLOLVH]GHVWX\DX[G·XQGLDPqWUHPLQLPXPGHPP
GDQVOHFDVGHVKRWWHVGHSODIRQG )DLWHVOHUDFFRUGHPHQWOHSOXVGLUHFWSRVVLEOH
,QVWDOOHUGHVFDLVVRQVWpOHVFRSLTXHVPXUDX[DYHFGHJUDQGHVODPHOOHVXQHJULOOH
²(QPRGHpYDFXDWLRQH[WpULHXUHOHEHVRLQG·DSSRUWG·DLUSRXUOHWDX[GH H[WpULHXUHHWDYHFXQHIDLEOHFRQWUHSUHVVLRQ
UHQRXYHOOHPHQWG·DLUHVWFDOFXOpDYHFXQIDFWHXU 9HLOOH]jDYRLUXQDSSRUWG·DLUVXZVDQW
²3RXUXQHFRQ=JXUDWLRQDYHFGHVDSSDUHLOVVSpFLDX[WHOVTXH*ULO7HSSDQ<DNLRX
:RNLOIDXWFRPSWHUDYHFXQIDFWHXU
²(QPRGHUHF\FODJHOHEHVRLQG·DSSRUWG·DLUHVWWRXMRXUVFDOFXOpDYHFXQIDFWHXU

6LODGLVWDQFHHQWUHOHSODQGHFXLVVRQHWO·DVSLUDWLRQHVWLQIpULHXUHjPLOIDXW
UHVSHFWHUOHVFRQVLJQHVVXLYDQWHVSRXUJDUDQWLUXQHHZFDFLWpG·DVSLUDWLRQPD[LPDOH
GHVIXPpHVORUVGHOHXUDVFHQVLRQ

²/DWDLOOHHWO·DUFKLWHFWXUHGHODFXLVLQHSOXVODSLqFHHVWJUDQGHSOXVOHV
WXUEXOHQFHVGHO·DLUGDQVODSLqFHVRQWLPSRUWDQWHVHWOHEHVRLQHQDSSRUWG·DLU
DXJPHQWH

²/HVDSSDUHLOVGHFXLVVRQOHFKRL[GHVDSSDUHLOVGHFXLVVRQHVWOHIDFWHXU
GpWHUPLQDQW&KDTXHDSSDUHLOGHFXLVVRQJpQqUHXQHTXDQWLWpGHYDSHXUHWGH
IXPpHVGLWpUHQWH3OXVO·DSSDUHLOGHFXLVVRQHVWODUJHSOXVJUDQGHGHYUDrWUHOD
SXLVVDQFHGHODYHQWLODWLRQ
/DYHQWLODWLRQGRLWDEVROXPHQWFRQVHUYHUXQHUpVHUYHGHSXLVVDQFHVXZVDQWHHQ
FDVG·LQVWDOODWLRQG·DSSDUHLOVWHOVTXH7HSSDQ<DNL:RNRX*ULOFDUFHVDSSDUHLOV
JpQqUHQWXQYROXPHGHIXPpHVSOXVLPSRUWDQW1RXVFRQVHLOORQVpJDOHPHQW
G·LQVWDOOHUFHVDSSDUHLOVVSpFLDX[DXPLOLHXGHODFRQ=JXUDWLRQHWQRQSDVDX[
H[WUpPLWpV

²/HVPRGHVGHYHQWLODWLRQFKDTXHPRGHGHYHQWLODWLRQDGHVFDUDFWpULVWLTXHV
SURSUHVTXLLQYXHQWVXUOHEHVRLQHQDSSRUWG·DLU/HVYHQWLODWLRQVWHOOHVTXHOD
KRWWHGHSODQGHWUDYDLORXOHVDpUDWHXUVGHSODQGHWUDYDLOVHFDUDFWpULVHQWSDUXQH
DVSLUDWLRQGLUHFWHPHQWDXQLYHDXGXSODQGHFXLVVRQ&HFLPLQLPLVHO·pFKDSSHPHQW
GHVIXPpHVGDQVODSLqFHSHQGDQWOHXUDVFHQVLRQ/DSXLVVDQFHGHYHQWLODWLRQ
QpFHVVDLUHHVWGDQVFHFDVLQIpULHXUHjWRXVOHVDXWUHVW\SHVG·DVSLUDWLRQTXLVRQW
VLWXpVjFPRXSOXVDXGHVVXVGHODWDEOHGHFXLVVRQ

²/HPRGHGHIRQFWLRQQHPHQWOHVDSSDUHLOVG·DVSLUDWLRQ*DJJHQDXSHXYHQWrWUH
XWLOLVpVDXVVLELHQHQPRGHpYDFXDWLRQH[WpULHXUHTX·HQPRGHUHF\FODJH(QPRGH
UHF\FODJHLOIDXWQRWHUTXHO·XWLOLVDWLRQG·XQ=OWUHjFKDUERQDFWLIUpGXLWODSXLVVDQFH
G·DVSLUDWLRQGHO·DSSDUHLOSDUUDSSRUWDXPRGHpYDFXDWLRQH[WpULHXUH3OXVODVXUIDFH
GX=OWUHjFKDUERQDFWLIHVWpWHQGXHSOXVO·HZFDFLWpG·DVSLUDWLRQHWOHQLYHDXVRQRUH
VHUDSSURFKHQWGXPRGHpYDFXDWLRQ(QPRGHpYDFXDWLRQODSXLVVDQFHG·DVSLUDWLRQ
UpHOOHGpSHQGDXVVLELHQGHODSXLVVDQFHGXPRWHXUTXHGXUDFFRUGHPHQWGHV
WX\DX[
$SSDUHLOVG
DVSLUDWLRQ 

/HVV\VWqPHVPRGXODLUHVGHYHQWLODWLRQDYHFFDLVVRQVPRWHXUV
VpSDUpVGHOD6pULHHWGHOD6pULH

‡$5 ‡$5 ‡$5

‡$& ‡$&
‡$&
‡$&

‡$/ ‡$5 ‡$5 ‡$5 ‡$5


‡$/XQLTXHPHQWDYHF
[$5 PRWHXUHQUHF\FODJH

‡9/ ‡$5 ‡$5 ‡$5 ‡$5 ‡$5


‡$,$: ‡$5 ‡$5 ‡$5

‡9/ ‡$5 ‡$5 ‡$5 ‡$5 ‡$5

/HVFDLVVRQVPRWHXUVVpSDUpVGHOD6pULHVRQWUHOLpVDX[KRWWHVVDQVPRWHXUGHOD6pULHHWDX9DULRDpUDWHXU6pULHSDUXQFkEOHUpVHDX
8QUDFFRUGHPHQWGHGHX[FDLVVRQVPRWHXUVVpSDUpVHVWSRVVLEOH SDUH[GDQVOHFDVGHOD+RWWHGHSODIRQG SXLVTXHOHVGHX[FDLVVRQVPRWHXUVVRQWFRQQHFWpVO·XQjO·DXWUHYLD
XQFkEOHUpVHDX

$XWUHVSRVVLELOLWpVGHFRQWU{OHGHODSXLVVDQFH
/HFDLVVRQPRWHXUGLVSRVHG
XQHFRPPXWDWLRQVXSSOpPHQWDLUH FRQWDFWVDQVSRWHQWLHO TXLSHUPHWGHFRQQHFWHUG
DXWUHVDSSDUHLOVFRPPHXQV\VWqPHGHYHQWLODWLRQGpMjH[LVWDQW
/HFRQFHSWHXUGHO·HQVHPEOHGXV\VWqPHGHYHQWLODWLRQHVWUHVSRQVDEOHGHO·HZFDFLWpGHO·LQVWDOODWLRQ
/HIRQFWLRQQHPHQWpOHFWULTXHHVWJDUDQWLWDQWTXHOHVVSpFL=FDWLRQVVRQWUHVSHFWpHV
&DLVVRQPRWHXU6pULH
$5 

² 0RWHXUSXLVVDQWSRXUFRPELQDLVRQ
DYHFGHVDSSDUHLOVG
DVSLUDWLRQ
VDQVPRWHXUGHOD6pULH
² 7HFKQRORJLH%/'&HIILFDFH

3HUIRUPDQFHV
3XLVVDQFHSRVLWLRQLQWHQVLI
'pELWG
DLUVHORQQRUPH(1
$5    ࡱ 1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
&DUURVVDJHPpWDO  ࡱ+7 VHORQW\SHG
LQVWDOODWLRQ
3XLVVDQFHG
DVSLUDWLRQPD[PóK 
(YDFXDWLRQH[WpULHXUH (YDFXDWLRQH[WpULHXUH
,QVWDOODWLRQLQWpULHXUH PóK

$FFHVVRLUHHQRSWLRQ &DUDFWpULVWLTXHV
$$  ࡱ SXLVVDQFHVG
DVSLUDWLRQFRQWU{OpHV
0RGXOHDGDSWDWHXU  ࡱ+7 pOHFWURQLTXHPHQWHWSRVLWLRQ
SRXUFRQWDFWHXUGHIHQrWUHFRPELQDEOH LQWHQVLYH
DYHFPRWHXUVGHOD6pULH 7HFKQRORJLHG
DVSLUDWLRQDYHFXQ
HW6pULH PRWHXU%/'&WUqVHIILFDFH
&DUURVVDJHPpWDOSODTXp]LQF
5DFFRUGHPHQWHQWUpHG
DLU
[‘PPF\OLQGULTXH[‘PP
F\OLQGULTXH
5DFFRUGHPHQWVRUWLHG
DLU
[‘PPF\OLQGULTXH
&DFKHSRXUIHUPHWXUHGHVHQWUpHV
G
DLU
6XSSRUWGHIL[DWLRQDXSODIRQGRXVXU
XQHSDURLGHPHXEOHLQFOXV

&RQVHLOVG
LQVWDOODWLRQ
&DLVVRQPRWHXUHQFRPELQDLVRQDYHF
DSSDUHLOVG
DVSLUDWLRQVDQVPRWHXUGH
OD6pULHHW6pULH
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
FkEOHUpVHDX
,QVWDOODWLRQSRVVLEOHGDQVOHVRFOHDYHF
GpFRXSHGDQVODSOLQWKHGXPHXEOH
SRXUpYDFXDWLRQGHO
DLU
/
LQVWDOODWLRQGDQVXQHSLqFHVpSDUpH
SHUPHWXQHUpGXFWLRQGXQLYHDXVRQRUH
GDQVODFXLVLQH
(QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
ODKRWWHGRLWrWUHSUpYXDYHFXQH
IRQFWLRQGHVpFXULWpDGDSWpH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH
&kEOHUpVHDXP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

&DLVVRQPRWHXU6pULH
$5 

² 0RWHXUSXLVVDQWSRXUFRPELQDLVRQ
DYHFGHVDSSDUHLOVG
DVSLUDWLRQ
VDQVPRWHXUGHOD6pULH
² 7HFKQRORJLH%/'&HIILFDFH
² ,QVWDOODWLRQFRPSDFWHEHVRLQGH
SHXG
HVSDFHSRXUrWUHSODFpGDQV
ODFKHPLQpHGH$,$:

3HUIRUPDQFHV
3XLVVDQFHSRVLWLRQLQWHQVLI
'pELWG
DLUVHORQQRUPH(1
$5    ࡱ 1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
&DUURVVDJHPpWDO  ࡱ+7 VHORQW\SHG
LQVWDOODWLRQ
3XLVVDQFHG
DVSLUDWLRQPD[PóK 
(YDFXDWLRQH[WpULHXUHRXPRGH (YDFXDWLRQH[WpULHXUH
UHF\FODJH PóK
,QVWDOODWLRQGDQVFKHPLQpHGHKRWWH 
$,$: &DUDFWpULVWLTXHV
SXLVVDQFHVG
DVSLUDWLRQFRQWU{OpHV
$FFHVVRLUHHQRSWLRQ pOHFWURQLTXHPHQWHWSRVLWLRQ
$$  ࡱ LQWHQVLYH
0RGXOHDGDSWDWHXU  ࡱ+7 7HFKQRORJLHG
DVSLUDWLRQDYHFXQ
SRXUFRQWDFWHXUGHIHQrWUHFRPELQDEOH PRWHXU%/'&WUqVHIILFDFH
DYHFPRWHXUVGHOD6pULH ,VRODWLRQSKRQLTXHLQFOXVHSRXUXQH
HW6pULH UpGXFWLRQGXQLYHDXVRQRUH
&DUURVVDJHPpWDOSODTXp]LQF
5DFFRUGHPHQWVRUWLHG
DLU
[‘PPF\OLQGULTXH

&RQVHLOVG
LQVWDOODWLRQ
&DLVVRQPRWHXUXQLTXHPHQW
FRPSDWLEOHDYHFKRWWHVVDQVPRWHXU
$,$:
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
FkEOHUpVHDX
,QVWDOODWLRQGXFDLVVRQPRWHXUGDQVOD
FKHPLQpHGH$,$:
(QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
ODKRWWHGRLWrWUHSUpYXDYHFXQH
IRQFWLRQGHVpFXULWpDGDSWpH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWHWFkEOH
UpVHDXOLYUpVGHVpULH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&DLVVRQPRWHXU6pULH
$5 

² 0RWHXUSXLVVDQWSRXUFRPELQDLVRQ
DYHFGHVDSSDUHLOVG
DVSLUDWLRQ
VDQVPRWHXUGHOD6pULH
² 7HFKQRORJLH%/'&HIILFDFH

3HUIRUPDQFHV
3XLVVDQFHSRVLWLRQLQWHQVLI
'pELWG
DLUVHORQQRUPH(1
1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
VHORQW\SHG
LQVWDOODWLRQ

$5    ࡱ (YDFXDWLRQH[WpULHXUH
,QR[  ࡱ+7 PóK
3XLVVDQFHG
DVSLUDWLRQPD[PóK 
(YDFXDWLRQH[WpULHXUH &DUDFWpULVWLTXHV
0RQWDJHH[WpULHXUVXUPXU SXLVVDQFHVG
DVSLUDWLRQFRQWU{OpHV
pOHFWURQLTXHPHQWHWSRVLWLRQ
$FFHVVRLUHVG
LQVWDOODWLRQ LQWHQVLYH
$'    ࡱ 7HFKQRORJLHG
DVSLUDWLRQDYHFXQ
7X\DXWpOHVFRSLTXHGH  ࡱ+7 PRWHXU%/'&WUqVHIILFDFH
WUDYHUVpHPXUDOH‘PPURQG ,VRODWLRQSKRQLTXHLQFOXVHSRXUXQH
UpGXFWLRQGXQLYHDXVRQRUH
$FFHVVRLUHHQRSWLRQ &DLVVRQHQLQR[
$$  ࡱ 5DFFRUGHPHQWHQWUpHG
DLU
0RGXOHDGDSWDWHXU  ࡱ+7 [‘PPURQG
SRXUFRQWDFWHXUGHIHQrWUHFRPELQDEOH 6XSSRUWGHIL[DWLRQSRXULQVWDOODWLRQ
DYHFPRWHXUVGHOD6pULH VXUPXUH[WpULHXULQFOXV
HW6pULH
&RQVHLOVG
LQVWDOODWLRQ
&DLVVRQPRWHXUHQFRPELQDLVRQDYHF
DSSDUHLOVG
DVSLUDWLRQVDQVPRWHXUGH
OD6pULHHW6pULH
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
FkEOHUpVHDX
/
LQVWDOODWLRQjO
H[WpULHXUSHUPHWXQH
UpGXFWLRQGXQLYHDXVRQRUHGDQVOD
FXLVLQH
,QVWDOODWLRQVXUXQPXUH[WpULHXU
/HERvWLHUpOHFWURQLTXHGRLW
REOLJDWRLUHPHQWrWUHLQVWDOOpj
O
LQWpULHXUGHO
KDELWDWLRQ
3ODJHGHWHPSpUDWXUHDXWRULVpHSRXU
O
LQVWDOODWLRQGXERvWLHUpOHFWURQLTXH
jƒ&
'LVWDQFHPLQLPDOHHQWUHVROHWFHQWUH
GXWX\DXFP
(QFDVG
LQVWDOODWLRQG
XQHKRWWHHQ
PRGHpYDFXDWLRQH[WpULHXUHUHOLpHDX
FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
ODKRWWHGRLWrWUHSUpYXDYHFXQH
IRQFWLRQGHVpFXULWpDGDSWpH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH
&kEOHUpVHDXP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

&DLVVRQPRWHXU6pULHHW6pULH
$5 

² 0RWHXUSXLVVDQWSRXUFRPELQDLVRQ
DYHFGHVDSSDUHLOVG
DVSLUDWLRQ
VDQVPRWHXUGHOD6pULHHW
6pULH
² 7HFKQRORJLH%/'&HIILFDFH
² ,QVWDOODWLRQFRPSDFWHGDQVXQVRFOH
$5    ࡱ GHKDXWHXUFP
&DUURVVDJHPpWDO  ࡱ+7
3XLVVDQFHG
DVSLUDWLRQPD[PóK 3HUIRUPDQFHV
(YDFXDWLRQH[WpULHXUH 3XLVVDQFHSRVLWLRQLQWHQVLI
,QVWDOODWLRQGDQVOHVRFOH 'pELWG
DLUVHORQQRUPH(1
1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
$FFHVVRLUHHQRSWLRQ VHORQW\SHG
LQVWDOODWLRQ
$$  ࡱ 
0RGXOHDGDSWDWHXU  ࡱ+7 (YDFXDWLRQH[WpULHXUHPóK
SRXUFRQWDFWHXUGHIHQrWUHFRPELQDEOH
DYHFPRWHXUVGHOD6pULH &DUDFWpULVWLTXHV
HW6pULH SXLVVDQFHVG
DVSLUDWLRQFRQWU{OpHV
pOHFWURQLTXHPHQWHWSRVLWLRQ
LQWHQVLYH
7HFKQRORJLHG
DVSLUDWLRQDYHFXQ
PRWHXU%/'&WUqVHIILFDFH
&DUURVVDJHPpWDOSODTXp]LQF
5DFFRUGHPHQWHQWUpHG
DLU
[‘PPURQG
5DFFRUGHPHQWVRUWLHG
DLU
[‘PPJDLQHSODWH
6XSSRUWGHIL[DWLRQDXSODIRQGRXVXU
XQHSDURLGHPHXEOHLQFOXV

&RQVHLOVG
LQVWDOODWLRQ
&DLVVRQPRWHXUHQFRPELQDLVRQDYHF
DSSDUHLOVG
DVSLUDWLRQVDQVPRWHXUGH
OD6pULHHW6pULH
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
FkEOHUpVHDX
5DFFRUGHPHQWDYHFOD$/DYHFOH
FROOHFWHXUG
DLU $'
$' 
,QVWDOODWLRQSRVVLEOHGDQVOHVRFOHDYHF
GpFRXSHGDQVODSOLQWKHGXPHXEOH
SRXUO
pYDFXDWLRQGHO
DLU
6LOHFRQGXLWG
XQHKRWWHHQPRGH
G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX
FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH
RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGH
ODKRWWHGRLWrWUHSUpYXDYHFXQH
IRQFWLRQGHVpFXULWpDGDSWpH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWP
DYHFSULVH
&kEOHUpVHDXP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&DLVVRQPRWHXU6pULHHW6pULH
$5 

² 0RWHXUSXLVVDQWSRXUFRPELQDLVRQ
DYHFOHVYDULRDpUDWHXUVGHSODQGH
FXLVVRQGHV6pULHHW6pULH
² 7HFKQRORJLH%/'&HIILFDFH
² 7UqVVLOHQFLHX[JUkFHjXQH
LVRODWLRQSKRQLTXHEUHYHWpH
² ,QVWDOODWLRQFRPSDFWHSHX
HQFRPEUDQWHGDQVOHPHXEOH

3HUIRUPDQFHV
$5    ࡱ 3XLVVDQFHSRVLWLRQLQWHQVLI
&DUURVVDJHPpWDO ࡱ+7  'pELWG
DLUVHORQQRUPH',1
5HF\FODJH 1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
3XLVVDQFHPD[PóK VHORQW\SHG
LQVWDOODWLRQ
,QVWDOODWLRQGDQVXQPHXEOH 3XLVVDQFHHQUHF\FODJH
PóK
$FFHVVRLUHVHQRSWLRQ 1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
$$  ࡱ VHORQW\SHG
LQVWDOODWLRQ
*ULOOHGHYHQWLODWLRQ  ࡱ+7
HQDFLHULQR[\GDEOHFP &DUDFWpULVWLTXHV
FRPSUHQDQWOHVUDFFRUGVG
LQVWDOODWLRQ YLWHVVHVpOHFWURQLTXHVHWSRVLWLRQ
KDXWHXUDMXVWDEOH LQWHQVLYH
$$  ࡱ 7HFKQRORJLHG
DVSLUDWLRQWUqVHIILFDFH
ILOWUHVjFKDUERQ  ࡱ+7 PRWHXU%/'&
DFWLI&OHDQ$LU ,VRODWLRQSKRQLTXHLQFOXVHSRXUXQH
&RPELQDEOHDYHFPRWHXU$5 UpGXFWLRQGXQLYHDXVRQRUH
$$  ࡱ &DUURVVDJHPpWDOSODTXp]LQF
ILOWUHVjFKDUERQ  ࡱ+7 5DFFRUGHPHQWHQWUpHG
DLU
DFWLISRXYDQWrWUHUpJpQpUpV [‘PPUDFFRUGSODW
&RPELQDEOHDYHFPRWHXU$5 /LYUpDYHFpTXHUUHVGHIL[DWLRQSRXU
XQHLQVWDOODWLRQGDQVODSDUWLHEDVVHGX
PHXEOH
ILOWUHVjFKDUERQDFWLI&OHDQ$LUOLYUpV
GHVpULH
/HILOWUHHVWDGDSWpjODSUpSDUDWLRQGH
SRLVVRQVHWIUXLWVGHPHUJUkFHjXQ
WUDLWHPHQWVSpFLDO
,QWHUYDOOHGHUHPSODFHPHQWGXILOWUHj
FKDUERQDFWLIDQVHORQIUpTXHQFH
G
XWLOLVDWLRQ

&RQVHLOVG
LQVWDOODWLRQ
&DLVVRQPRWHXUHQFRPELQDLVRQDYHF
YDULRDpUDWHXUVGHSODQGHFXLVVRQ
VDQVPRWHXUGHOD6pULHHW
6pULH
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ
FkEOHUpVHDX
,QVWDOODWLRQFRPSDFWHJDLQGHSODFH
GDQVOHPHXEOHEDVSRXUXQH
FRPELQDLVRQDYHF9DULRDpUDWHXUGH
SODQGHFXLVVRQ
,QVWDOODWLRQGDQVOHPHXEOHEDVDYHF
SRVVLELOLWpGHGpFRXSHGXSODQFKHUGX
PHXEOHRXjO
DUULqUHGXPHXEOHVLOH
PRWHXUHVWSRVpGLUHFWHPHQWDXVRO
,OIDXWjJDUGHUXQHDFFHVVLELOLWp
DXPRWHXUSRXUSHUPHWWUHOH
UHPSODFHPHQWGHVILOWUHV
/HUHPSODFHPHQWGHVILOWUHVjFKDUERQ
DFWLI&OHDQ$LUHVWSRVVLEOHGHVF{WpV

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWP
DYHFSULVH
&kEOHUpVHDXP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVG
DVSLUDWLRQ 

&DLVVRQPRWHXU6pULHHW6pULH
$5 

² 0RWHXUSXLVVDQWSRXUFRPELQDLVRQ
DYHFGHVDSSDUHLOVG
DVSLUDWLRQ
VDQVPRWHXUGHOD6pULHHW
6pULH
² 7HFKQRORJLH%/'&HIILFDFH
² ,QVWDOODWLRQFRPSDFWHGDQVXQVRFOH
$5    ࡱ GHKDXWHXUFP
&DUURVVDJHPpWDO  ࡱ+7
3XLVVDQFHPD[PóK 3HUIRUPDQFHV
5HF\FODJH 3XLVVDQFHSRVLWLRQLQWHQVLI
,QVWDOODWLRQGDQVOHVRFOH 'pELWG
DLUVHORQQRUPH(1
1LYHDXVRQRUHHWSUHVVLRQDFRXVWLTXH
$FFHVVRLUHVG
LQVWDOODWLRQ VHORQW\SHG
LQVWDOODWLRQ
$$    ࡱ 
*ULOOHGHYHQWLODWLRQ  ࡱ+7 3XLVVDQFHHQUHF\FODJH
SRXULQVWDOODWLRQHQUHF\FODJH PóK
,QR[FPLQFOXVOHVpOpPHQWVGH
IL[DWLRQUpJODEOHHQKDXWHXU &DUDFWpULVWLTXHV
SXLVVDQFHVG
DVSLUDWLRQFRQWU{OpHV 9XHGXGHVVXV
$FFHVVRLUHVHQRSWLRQ pOHFWURQLTXHPHQWHWSRVLWLRQ
$$    ࡱ LQWHQVLYH
ILOWUHVjFKDUERQ  ࡱ+7 7HFKQRORJLHG
DVSLUDWLRQDYHFXQ
DFWLI&OHDQ$LUSRXUFDLVVRQPRWHXU PRWHXU%/'&WUqVHIILFDFH
GDQVVRFOH$5 &DUURVVDJHPpWDOSODTXp]LQF
5DFFRUGHPHQWHQWUpHG
DLU
[‘PPURQG
6XSSRUWGHIL[DWLRQDXSODIRQGRXVXU
XQHSDURLGHPHXEOHLQFOXV
ILOWUHVjFKDUERQDFWLIOLYUpVGHVpULH
/HILOWUHjFKDUERQ&OHDQ$LUHVWDGDSWp
jODSUpSDUDWLRQGHSRLVVRQVHWIUXLWV
GHPHUJUkFHjXQWUDLWHPHQWVSpFLDO
,QWHUYDOOOHGHUHPSODFHPHQWGXILOWUHj
FKDUERQ&OHDQ$LUDQVHORQOD
IUpTXHQFHG
XWLOLVDWLRQ

&RQVHLOVG
LQVWDOODWLRQ
&DLVVRQPRWHXUHQFRPELQDLVRQDYHF
DSSDUHLOVG
DVSLUDWLRQVDQVPRWHXUGH
OD6pULHHW6pULH
5DFFRUGHPHQWGHO
DSSDUHLOYLDXQ $FFqVOLEUHSRXU
FkEOHUpVHDX FKDQJHPHQWGXILOWUH
jFKDUERQ
,QVWDOODWLRQSRVVLEOHGDQVOHVRFOHDYHF
GpFRXSHGDQVODSOLQWKHGXPHXEOH
SRXUO
pYDFXDWLRQGHO
DLU
'pODLGHUHQRXYHOOHPHQWGXILOWUHj
FKDUERQDFWLI&OHDQ$LUWRXVOHVj
DQVHQIRQFWLRQGHODIUpTXHQFH
G
XWLOLVDWLRQ
,OHVWLPSpUDWLIGHSRXYRLUUHWLUHUOD
SOLQWKHSRXUOHUHPSODFHPHQWGHV
ILOWUHV
(QO
DEVHQFHGHJULOOHGHYHQWLODWLRQ
SODFpHGLUHFWHPHQWGHYDQWOHV
RXYHUWXUHVGHVILOWUHVLOHVW
UHFRPPDQGpGHODLVVHUXQHVSDFH
PLQLPXPGHFP

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHWRWDOH:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH
&kEOHUpVHDXP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$FFHVVRLUHVSRXUDSSDUHLOVGHYHQWLODWLRQ

0RGXOHGHUHF\FODJHDYHFILOWUH
&OHDQ$LU
5pIpUHQFHV5pIpUHQFHVRQOLQH 
$$ ࡱ
3RXUOHUHF\FODJHGHO·DLU ࡱ+7 
&RPELQDEOHDYHFOHVKRWWHVvORWVHW
PXUDOHV$,$:
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX
PRGHpYDFXDWLRQH[WpULHXUH  
5pGXFWLRQGXQLYHDXVRQRUHMXVTX·jG%
SDUUDSSRUWDXV\VWqPHFRQYHQWLRQQHOGH
ILOWUHVjFKDUERQHQPRGHUHF\FODJH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH
&OHDQ$LU HQYIRLVSDUDQVHORQ
IUpTXHQFHG·XWLOLVDWLRQ 
3RXULQVWDOODWLRQjO·LQWpULHXUGHODFKHPLQpH
&RPSUHQGXQVXSSRUWGHILOWUHILOWUHV
&OHDQ$LUXQWX\DXIOH[LEOHHWFROOLHUVGH
VHUUDJH

5pIpUHQFHV5pIpUHQFHVRQOLQH 
$$ ࡱ
3RXUOHUHF\FODJHGHO·DLU ࡱ+7 
&RPELQDEOHDYHFOHVKRWWHVGpFRUDWLYHV
PXUDOHV$:
5pGXFWLRQGHVRGHXUVFRPSDUDEOH
DXPRGHpYDFXDWLRQH[WpULHXUH  
5pGXFWLRQGXQLYHDXVRQRUHMXVTX·jG%
SDUUDSSRUWDXV\VWqPHFRQYHQWLRQQHOGH
ILOWUHVjFKDUERQHQPRGHUHF\FODJH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH
&OHDQ$LU
3RXULQVWDOODWLRQVXUFKHPLQpH
H[WpULHXUHRXFKHPLQpHLQWpULHXUH
/HPRGXOHVHFRPSRVHGXSDQQHDX
GHVLJQGHODIL[DWLRQPXUDOHGXILOWUH
&OHDQ$LUGXWX\DXIOH[LEOHHWFROOLHUV
GHVHUUDJH

5pIpUHQFHV5pIpUHQFHVRQOLQH 
$$ ࡱ
3RXUOHUHF\FODJHGHO·DLU ࡱ+7 
&RPELQDEOHDYHFOHVKRWWHVGpFRUDWLYHV
vORWV$,
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX
PRGHpYDFXDWLRQH[WpULHXUH  
5pGXFWLRQGXQLYHDXVRQRUHMXVTX·jG%
SDUUDSSRUWDXV\VWqPHFRQYHQWLRQQHOGH
ILOWUHVjFKDUERQHQPRGHUHF\FODJH
5HPSODFHPHQWPRLQVIUpTXHQWGXILOWUH
&OHDQ$LU
3RXULQVWDOODWLRQVXUFKHPLQpHLQWpULHXUH
/HPRGXOHVHFRPSRVHGXSDQQHDX
GHVLJQGHODIL[DWLRQPXUDOHGXILOWUH
&OHDQ$LUGXWX\DXIOH[LEOHHWFROOLHUV
GHVHUUDJH

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
0RGXOHGHUHF\FODJH ࡱ+7 
&OHDQ$LUEUHYHWpFRPSUHQDQW=OWUH
&OHDQ$LUSRXUXQHIRUWHUpGXFWLRQGHV
RGHXUVJUkFHjXQHLPSRUWDQWHVXUIDFH
GH=OWUDWLRQ

&RQVHLOVG·LQVWDOODWLRQ
3RXUOHUHF\FODJHGHO
DLU
$FRPELQHUDYHFOHVKRWWHVWLURLU
6pULHJURXSHVILOWUDQWV6pULH
5pGXFWLRQGHVRGHXUVFRPSDUDEOH
DXPRGHpYDFXDWLRQH[WpULHXUH  
5pGXFWLRQGXQLYHDXVRQRUHMXVTX
jG%
SDUUDSSRUWDXV\VWqPHFRQYHQWLRQQHOGH
ILOWUHVjFKDUERQHQPRGHUHF\FODJH
'XUpHGHYLHSOXVORQJXHGXILOWUH&OHDQ$LU
3RXUXQHLQVWDOODWLRQGDQVO
DUPRLUH
VXSpULHXUH
&RPSUHQGOHVXSSRUWGHILOWUHDYHF
FRXYHUFOHGHVLJQILOWUH&OHDQ$LU
WX\DXIOH[LEOHHWFROOLHUVGHVHUUDJH 5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
0RGXOHGHUHF\FODJH ࡱ+7 
,QR[
$$ ࡱ
0RGXOHGHUHF\FODJH ࡱ+7 
%ODQF

&RQVHLOVG
LQVWDOODWLRQ
3RXUOHUHF\FODJHGHO
DLU
&RPELQDEOHDYHFOHVKRWWHVGHSODIRQG
$&HW$&
5pGXFWLRQGHVRGHXUVFRPSDUDEOHDX
PRGHpYDFXDWLRQ  
/HPRGXOHVHFRPSRVHGXSDQQHDX
GHVLJQGHODIL[DWLRQPXUDOHGXILOWUHj
FKDUERQDFWLI&OHDQ$LUGXWX\DXIOH[LEOH
HWGHFROOLHUVGHVHUUDJH
5DFFRUGF\OLQGULTXH¡PP
'LVWDQFHPLQLPDOHUHFRPPDQGpHHQWUH
OHVRXYHUWXUHVODWpUDOHVSRXUOHVILOWUHV
HWOHPXUFP


$'SRXU$:
$'SRXU$,
$'SRXU$:
$'SRXU$,
&ROOHUHWWHGHILQLWLRQSRXUFKHPLQpHV
GHKRWWHV
,QR[

5HFRXYUHOHVYLVGHIL[DWLRQGHVKRWWHV
PXUDOHVRXvORWVDLQVLTXHO·HVSDFH
pYHQWXHOVLOHSODIRQGQ·HVWSDVWRWDOH
PHQWGHQLYHDX
3HUPHWOHPRQWDJHGHFKHPLQpHV
PXUDOHVRXvORWVVXUPHVXUHHQXQH
VHXOHSLqFHQRQWpOHVFRSLTXH

(TXLSHPHQW
)L[DWLRQVDXSODIRQGSRXUFKHPLQpH
HWFROOHUHWWHFOLSVDEOHGDQVOHPrPH
FRORULVTXHODFKHPLQpH

&RQVHLOVG·LQVWDOODWLRQ
'LVSRQLEOHVGDQVSUHVTXHWRXWHVOHV
YHUVLRQVGHFKHPLQpHVGHKRWWH
*DJJHQDXSRXUXQHILQLWLRQSDUIDLWHGH
O·LQVWDOODWLRQGHVFKHPLQpHVVWDQGDUG
'pFRQVHLOOpHHQFDVG
LQVWDOODWLRQG
XQ
PRGXOHGHUHF\FODJH$$
$$

5pIpUHQFHV5pIpUHQFHVRQOLQH
337 251
$' ࡱ 277
5DOORQJHSRXUNLW ࡱ+7 
GHPRQWDJHSRXUKRWWHvORW$, 249
3RXUXQHKDXWHXUGHFKHPLQpHGH 191 min. 290-
²PP max. 500*
/DKDXWHXUWRWDOHGpSHQGGHODOLJQH
HVWKpWLTXH

* hauteur ajustable
par paliers de 10 mm
Mesures en mm

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOVGHYHQWLODWLRQ

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
&DGUHDEDLVVDQW ࡱ+7 
SRXUKRWWHWLURLUFP
$$ ࡱ
&DGUHDEDLVVDQW ࡱ+7 
SRXUKRWWHWLURLUFP

&RQVHLOVG·LQVWDOODWLRQ
$FRPELQHUDYHFOHVKRWWHVWLURLU
6pULH
/HFDGUHDEDLVVDQWEUHYHWpSHUPHW
GHGLVVLPXOHUHQWLqUHPHQWODKRWWH
WLURLUGDQVO
DUPRLUHVXSpULHXUH
0RQWDJHGLUHFWHPHQWVXUOHPXUGH
ODFXLVLQHRXXQHDUPRLUHVXSpULHXUH
UHQIRUFpH
3RXUPRQWDJHGDQVXQHDUPRLUH
VXSpULHXUH
/DSURIRQGHXUQpFHVVDLUHGHO
DUPRLUH
VXSpULHXUHSRXUO
LQVWDOODWLRQGXFDGUH
DEDLVVDQWHVWGHPP
(QFDVG
LQVWDOODWLRQG
XQHFUpGHQFH
PXUDOH!PPLOIDXWFRPEOHUO
HVSDFH
DXQLYHDXGXFDGUHDEDLVVDQWHWDMXVWHU
ODSURIRQGHXUGXPHXEOHKDXW
/
LQVWDOODWLRQGXFDGUHDEDLVVDQW
QpFHVVLWHO
XWLOLVDWLRQG
XQWX\DXIOH[LEOH

Fixation directement sur le mur de la cuisine



5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
.LWGHPRQWDJH ࡱ+7 
SRXUDUPRLUHVXSpULHXUHGHFP

&RQVHLOVG·LQVWDOODWLRQ
&RPELQDEOHDYHFOHVKRWWHVWLURLU
6pULHODUJHXUFP
0RQWDJHGURLWHJDXFKHGDQVDUPRLUH
VXSpULHXUH
3RXUPRQWDJHGDQVXQHDUPRLUH
VXSpULHXUH
&RPELQDEOHDYHFOHVKRWWHVWLURLUGHOD
6pULHLQVWDOOpHVGDQVXQPHXEOH
KDXWGHODUJHXUFP
/HNLWGHPRQWDJHQ
HVWSDVQpFHVVDLUH
HQFDVG
LQVWDOODWLRQGXFDGUHDEDLVVDQW
$$

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
.LWSRXULQVWDOODWLRQ ࡱ+7 
$/HW$/GHIDoRQ
FODVVLTXHVXUOHSODQGHWUDYDLO
&RPSUHQGSLqFHV jSODFHUjFKDTXH
H[WUpPLWpGHODKRWWH 
SDUWLHYLVLEOHHQDOXPLQLXPDQRGLVp
QRLUHWSODTXHGHIL[DWLRQVRXVOH
SURILOpDOXPLQLXPGHODKRWWH$/

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
.LWSRXULQVWDOODWLRQ ࡱ+7 
GXPRWHXUjGLVWDQFH GLVWDQFHPD[L
PDOHP 
&RPELQDEOHDYHFODKRWWHGHSODQGH
WUDYDLO$/

5pIpUHQFHV5pIpUHQFHVRQOLQH
9$ ࡱ
&RPELQDEOH ࡱ+7 
DYHFKRWWHGHSODQGHWUDYDLO
$/
9$ ࡱ
&RPELQDEOH ࡱ+7 
DYHFKRWWHGHSODQGHWUDYDLO
$/

.LWG
LQVWDOODWLRQSRXUXQHLQVWDOODWLRQ
GDQVXQHVHXOHGpFRXSHGHSODQGH
WUDYDLO
&RPSRVpG
XQHEDUUHWWHGHMRQFWLRQ
HWGHEDUUHVGHUHQIRUWSRXUDVVXUHUOD
VWDELOLWpGXPHXEOHEDV
&RPSDWLEOHDYHFGHVPHXEOHVGH
ODUJHXUFPFPRXFP

5pIpUHQFHV5pIpUHQFHVRQOLQH
&$ ࡱ
%RXWRQPDJQpWLTXH ࡱ+7 
7ZLVW3DGQRLU
3RXUWDEOHV)OH[,QGXFWLRQ6pULH

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
0RGXOHDGDSWDWHXU ࡱ+7 
SRXUPRWHXUV6pULH

 /RQJXHXUP

&RQVHLOVG·LQVWDOODWLRQ
&RPELQDEOHDYHFOHVDSSDUHLOV $$VHUDFFRUGHHQWUHODOLJQHGH
G
DVSLUDWLRQVDQVPRWHXUGHOD6pULH FRQWU{OHGXFRQWDFWHXUHWODFRQQH[LRQ
6LOHFRQGXLWG
XQHKRWWHHQPRGH GHO
DSSDUHLOG
DVSLUDWLRQ'DQVOHFDV
G
pYDFXDWLRQH[WpULHXUHHVWUHOLpDX G
XQHFRQQH[LRQGHFRQWDFWHXUGHIHQrWUH
FRQGXLWG
pYDFXDWLRQG
XQHFKHPLQpH O
DSSDUHLOG
DVSLUDWLRQIRQFWLRQQH
RXG
XQSRrOHOHFLUFXLWpOHFWULTXHGHOD XQLTXHPHQWORUVTXHODIHQrWUHHVW
KRWWHGRLWrWUHSUpYXDYHFXQHIRQFWLRQGH RXYHUWH/
pFODLUDJHIRQFWLRQQHpJDOHPHQW
VpFXULWpDGDSWpH&HPRGXOHDGDSWDWHXU ORUVTXHODIHQrWUHHVWIHUPpH/HUDFFRU
FRQYLHQWSRXUOHVFRQWDFWHXUVGHIHQrWUH GHPHQWG
XQFRQWDFWHXUGHIHQrWUHSHXW
/HVDSSDUHLOVG
DVSLUDWLRQGHOD6pULH XQLTXHPHQWrWUHUpDOLVpSDUXQpOHFWULFLHQ
FRPSRUWHQWXQHFRQQH[LRQSRXUXQ TXDOLILpDYHFODSULVHHQFRQVLGpUDWLRQGHV
FRQWDFWHXUGHIHQrWUH/HPRGXOH UqJOHVHWQRUPHVQDWLRQDOHV

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
7pOpFRPPDQGH ࡱ+7 
SRXUJURXSHILOWUDQW$&



6RUWLHPXUDOH
3RXUXQSDVVDJHSURSUHHIILFDFHHW
GLVFUHWGHVWX\DX[jWUDYHUVOHPXU
H[WpULHXULOH[LVWHGLIIpUHQWHVVROXWLRQV
GHVRUWLHVPXUDOHV
/HSHUoDJHGRLWWRXMRXUVFRUUHVSRQGUH
RXrWUHVXSpULHXUDXGLDPqWUHQRPLQDO
GXWX\DX

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
ø 200
&DFKHVRUWLHPXUDOH ࡱ+7 
Perçage ø 210
,QR[
‘PPURQG

3HUWHGHSXLVVDQFHPLQLPHJUkFHDX[
JUDQGHVODPHOOHVHQLQR[

(TXLSHPHQW
/DPHOOHVHQLQR[ULJLGHVUpVLVWDQWHV
DX[LQWHPSpULHV
&ODSHWDQWLUHWRXULQFRUSRUp
5DFFRUGHPHQWF\OLQGULTXH‘PP

&RQVHLOVG·LQVWDOODWLRQ
(QFRPELQDLVRQDYHFO·DFFHVVRLUH
$'SRXUODWUDYHUVpHPXUDOH
3HUoDJHGXPXU‘PP

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
&DFKHVRUWLHPXUDOH ࡱ+7 
,QR[
‘PPJDLQHSODWH

3HUWHGHSXLVVDQFHPLQLPHJUkFHDX[
JUDQGHVODPHOOHVHQLQR[
'LPHQVLRQVUpGXLWHVHWFRPSDFWHV
5DFFRUGHPHQWJDLQHSODWH‘PP

(TXLSHPHQW
/DPHOOHVHQLQR[ULJLGHVUpVLVWDQWHV
DX[LQWHPSpULHV
&ODSHWDQWLUHWRXULQFRUSRUp

&RQVHLOVG·LQVWDOODWLRQ
5DFFRUGHPHQWGLUHFWGHODJDLQHSODWH
‘PPVDQVSLqFHGHFRQQH[LRQ

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH 
$' ࡱ
7X\DXWpOHVFRSLTXH ࡱ+7 
GHWUDYHUVpHPXUDOH ø 200
300-500
,QR[
‘PPURQG

(TXLSHPHQW
5DFFRUGHPHQWF\OLQGULTXH‘PP
&ODSHWDQWLUHWRXULQFRUSRUp

&RQVHLOVG·LQVWDOODWLRQ
(QFRPELQDLVRQDYHFOHFDFKHVRUWLH ø 210
PXUDOH$'RXOHPRWHXU
Silicone
VpSDUp$5




5pIpUHQFHV5pIpUHQFHVRQOLQH 
$' ࡱ
6RUWLHPXUDOH ࡱ+7 
DYHFFDLVVRQWpOHVFRSLTXH
,QR[39&
‘PPURQG

,VRODWLRQRSWLPDOHSRXUpYLWHUOD
GpSHUGLWLRQGHFKDOHXU
+HUPpWLTXHPHQWpWDQFKHJUkFHj
O
LQWpJUDWLRQG
XQV\VWqPHRSWLPLVp
GHUHWHQXHGHODFKDOHXU
3HXG
LPSDFWYLVXHODXQLYHDXGHOD
IDoDGHH[WpULHXUHJUkFHDXFRXYHUFOH
GHUHFRXYUHPHQWSODWHQLQR[


&DUDFWpULVWLTXHV
0HVXUHVHQPP
/DPHOOHVULJLGHVHQLQR[UpVLVWDQWHV
DX[LQWHPSpULHV
6\VWqPHG
LVRODWLRQFRXFKHVSRXU
pYLWHUOHUHWRXUG
DLU
2XYHUWXUHHWIHUPHWXUHPDJQpWLTXH
/DGpILQLWLRQGHODSUHVVLRQG
RXYHUWXUH
3D pYLWHOHEUXLWGHFOLTXHWLV
2XYHUWXUHWRWDOHPrPHHQFDVGH
IDLEOHYROXPHG
DLU
&RQGXLWPXUDOWpOHVFRSLTXHPP
SRXUUDFFRUGHPHQWWX\DXURQG
‘PP

&RQVHLOVG
LQVWDOODWLRQ
&RUUHVSRQGDX[H[LJHQFHVGHVWHVWV
%ORZHUGRRU
3RXUUDFFRUGHPHQWDYHFJDLQHV
F\OLQGULTXHV‘PPRXJDLQHV
SODWHV‘PP
3HUoDJHGXPXU‘PP

5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
*ULOOHGHYHQWLODWLRQ ࡱ+7 
SRXULQVWDOODWLRQHQUHF\FODJHFRXOHXU
LQR[FPLQFOXDQWOHVpOpPHQWVGH
IL[DWLRQKDXWHXUDMXVWDEOH

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOVGHYHQWLODWLRQ

/HVPHLOOHXUHVSHUIRUPDQFHVJUkFHjXQUDFFRUGHPHQWHWXQHLQVWDOODWLRQRSWLPDOH

8QFKRL[HWXQHLQVWDOODWLRQLQWHOOLJHQWHGXUDFFRUGHPHQWQ·LQIOXHQWSDVVHXOHPHQWSRVLWLYHPHQWVXUODSXLVVDQFHGHO·DVSLUDWLRQPDLVPLQLPLVHpJDOHPHQWOHQLYHDXVRQRUH
(OOHHVWGpWHUPLQDQWHSRXUO·HIILFDFLWpGXV\VWqPHG·DVSLUDWLRQ

/HW\SHGHUDFFRUGHPHQW
3RXUOHFKRL[GXUDFFRUGHPHQWDSSURSULpHQGLDPqWUHPP*DJJHQDXSURSRVHGHX[W\SHVGHWX\DX[$OXIOH[HWF\OLQGULTXHVDLQVLTX·XQV\VWqPHGHJDLQHVSODWHV3RXUXQH
SXLVVDQFHPD[LPDOHHWXQQLYHDXVRQRUHPLQLPDOOHGLDPqWUHGXWX\DXG·pYDFXDWLRQGRLWrWUHOHSOXVJUDQGSRVVLEOH

3RXUXQHORQJXHXUUHFWLOLJQHGXWX\DXQRXVSUpFRQLVRQVO·XWLOLVDWLRQGH39&RXGHWX\DXHQPpWDODYHFXQHVXUIDFHLQWpULHXUHOLVVHHWUpJXOLqUH(OOHSHUPHWXQHpYDFXDWLRQGHO·DLU
VDQVWXUEXOHQFHV3RXUGHVORQJXHXUVQRQUHFWLOLJQHVHWDYHFGHVFRXGHVLOHVWFRQVHLOOpG·XWLOLVHUOHVWX\DX[$OXIOH[TXLSHUPHWWHQWG·pYLWHUOHVDUrWHVWUDQFKDQWHV

3RXUGHVLQVWDOODWLRQVGDQVGHVHVSDFHVUpGXLWVOHFKRL[GHYUDVHSRUWHUVXUOHV\VWqPHG·pYDFXDWLRQGHJDLQHVSODWHV*DJJHQDX&HWWHFRQFHSWLRQVSpFLDOHDYHFGHVODPHOOHVGH
JXLGDJHLQFRUSRUpHVGDQVOHVFRXGHVHWSLqFHVGHFRQQH[LRQSHUPHWWHQWXQHKDXWHXUWUqVUpGXLWHSRXUXQJUDQGGLDPqWUHHWGRQFXQHJUDQGHHIILFDFLWpG·pYDFXDWLRQGHO·DLU&HFLHVW
pJDOHPHQWYDODEOHSRXUXQSOXVJUDQGQRPEUHGHFRXGHV1RXVGpFRQVHLOORQVIRUWHPHQWO·XWLOLVDWLRQG·DXWUHVW\SHVGHJDLQHVSODWHVjFDXVHGHODJUDQGHSHUWHGHSXLVVDQFHGDQVOHV
FRXGHVOHVFRLQVHWOHVSLqFHVGHFRQQH[LRQ

/HVWX\DX[HQVSLUDOHHWpWLUDEOHVVRQWjSURVFULUH,OVSURFXUHQWOHVSOXVPDXYDLVGpELWVG·DLUHWXQIRUWQLYHDXVRQRUHGXIDLWGHVYLEUDWLRQVGHVJDLQHV

/HGLDPqWUHGXWX\DX
5qJOHGHEDVHOHGLDPqWUHGRLWrWUHOHSOXVJUDQGSRVVLEOHHWOHPrPHVXUWRXWHODORQJXHXUGXWX\DXOHWUDMHWGXWX\DXGRLWrWUHUHFWLOLJQHHWOHSOXVFRXUWSRVVLEOH
/DVRUWLHPXUDOHGRLWFRUUHVSRQGUHDXGLDPqWUHGXWX\DXG·pYDFXDWLRQ

/HVQRUPHVGHFRQVWUXFWLRQ
9HLOOHUjUHVSHFWHUOHVQRUPHVGHFRQVWUXFWLRQFRQFHUQDQWOHVVROXWLRQVGHYHQWLODWLRQHQYLJXHXUGDQVOHSD\VG
LQVWDOODWLRQ
/HVJDLQHVHQ39&VRQWFRQIRUPHVDX1HHGOH)ODPH7HVW VHORQ,(& jODFODVVHG
LQIODPPDELOLWp9 VHORQ8/ HWjODFODVVH%GHVPDWpULDX[GHFRQVWUXFWLRQ
VHORQ',1 
/HVJDLQHVHQPpWDOVRQWSDUWLFXOLqUHPHQWUHFRPPDQGpHVSRXUOHVFRQILJXUDWLRQVG
LQVWDOODWLRQGHV9DULRDpUDWHXUGHSODQHWGHV+RWWHVGHSODQGHWUDYDLOSRXUOHVSD\VTXLLPSRVHQW
GHVQRUPHVGHSURWHFWLRQLQFHQGLHpOHYpHV
/HVJDLQHVHWDFFHVVRLUHVHQPpWDOQHVRQWSDVLQIODPPDEOHVHWVRQWGRQFSDUWLFXOLqUHPHQWUHFRPPDQGpVSRXUWRXWHVOHVFRQILJXUDWLRQVG
LQVWDOODWLRQ

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ $' ࡱ
*DLQHG·pYDFXDWLRQSODWH ࡱ+7  *DLQHG
pYDFXDWLRQSODWH ࡱ+7 
39&IDLEOHLQYDPPDELOLWp 0pWDO
‘PPSODW ‘PPSODW
/RQJXHXUPP /RQJXHXUPP
$' ࡱ
*DLQHG·pYDFXDWLRQSODWH ࡱ+7  &RQVHLOVG·LQVWDOODWLRQ
39&IDLEOHLQYDPPDELOLWp $GDSWpSRXUOHVJDLQHVG
pYDFXDWLRQ
‘PPSODW SODWHV
/RQJXHXUPP 3RXUUDFFRUGHUJDLQHVG
pYDFXDWLRQ
SODWHVXQUDFFRUGJDLQHSODWHHVW
 QpFHVVDLUH
 /HMRLQWHVWSUpPRQWpjFKDTXH
 H[WUpPLWp
 6
LOIDXWUHWLUHUOHMRLQWOHUDFFRUGHPHQW
 GRLWrWUHIL[pHWpWDQFKpLILpDYHFOH
 URXOHDXG
DGKpVLIDOXPLQLXP





 5pIpUHQFHV5pIpUHQFHVRQOLQH
5pIpUHQFHV5pIpUHQFHVRQOLQH $' ࡱ
$' ࡱ 5DFFRUGJDLQHSODWH ࡱ+7 
5DFFRUGJDLQHSODWH ࡱ+7  0pWDO
39&IDLEOHLQYDPPDELOLWp ‘PPSODW
‘PPSODW 3RXUODFRQQH[LRQGHJDLQHV
3LqFHGHFRQQH[LRQSRXUUDFFRUGHU G
pYDFXDWLRQSODWHV
HQVHPEOHGHVJDLQHVSODWHV39&
&RQVHLOVG·LQVWDOODWLRQ
$GDSWpSRXUJDLQHVG
pYDFXDWLRQ
&RQVHLOVG·LQVWDOODWLRQ SODWHVRXJDLQHVG
pYDFXDWLRQSODWHV
-RLQWVLQWpJUpVSHUPHWWDQWXQH IOH[LEOHV
SDUIDLWHpWDQFKpLWpjO
DLUVDQV
QpFHVVLWpG
XWLOLVHUGHO
DGKpVLI
&RQQH[LRQIDFLOHHWUDSLGHJUkFH
DXV\VWqPHjFOLSVHU

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH  5pIpUHQFHV5pIpUHQFHVRQOLQH 
$' ࡱ $' ࡱ
&RXGHJDLQHSODWH ࡱ+7  &RXGHJDLQHSODWH ࡱ+7 
ƒYHUWLFDO ƒYHUWLFDO
39&IDLEOHLQYDPPDELOLWp 0pWDO
‘PPSODW ‘PPSODW

 &RQVHLOVG·LQVWDOODWLRQ
 $GDSWpSRXUJDLQHSODWHG
pYDFXDWLRQ
 RXJDLQHSODWHIOH[LEOH
 




5pIpUHQFHV5pIpUHQFHVRQOLQH  5pIpUHQFHV5pIpUHQFHVRQOLQH 
$' ࡱ $' ࡱ
&RXGHJDLQHSODWH ࡱ+7  &RXGHJDLQHSODWH ࡱ+7 
ƒKRUL]RQWDO ƒKRUL]RQWDO
39&IDLEOHLQYDPPDELOLWp 0pWDO
‘PPSODW ‘PPSODW

 &RQVHLOVG·LQVWDOODWLRQ
 $GDSWpSRXUJDLQHSODWHG
pYDFXDWLRQ
 RXJDLQHSODWHIOH[LEOH








5pIpUHQFHV5pIpUHQFHVRQOLQH 
$' ࡱ
3LqFHGHFRQQH[LRQ ࡱ+7 
SRXUUDFFRUGHUFRXGHVJDLQHSODWH
0pWDO
‘PPSODW

&RQVHLOVG·LQVWDOODWLRQ
6
LOIDXWUHWLUHUOHMRLQWOHUDFFRUGHPHQW
GRLWrWUHIL[pHWpWDQFKpLILpDYHFOH
URXOHDXG
DGKpVLIDOXPLQLXP

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ $'  ࡱ
7X\DXYH[LEOH ࡱ+7  *DLQHSODWHYH[LEOH ࡱ+7 
SRXUJDLQHSODWH 0pWDO
39&IDLEOHLQYDPPDELOLWp ‘PPSODW
‘PP /RQJXHXUPP
/RQJXHXUPP
&RQVHLOVG·LQVWDOODWLRQ
&RQVHLOVG·LQVWDOODWLRQ $GDSWpSRXUOHVJDLQHVG
pYDFXDWLRQ
3RXUOHUDFFRUGHPHQWSDUOHEDVGHOD SODWHV
$/DXFROOHFWHXUG
DLU$' /DJDLQHSODWHIOH[LEOHSHXWrWUH
39&/RQJXHXUPP UDFFRXUFLHjODORQJXHXUVRXKDLWpH
‘PPSODW 6
XWLOLVHSRXUGHVFRXGHV ƒ RX
SRXUGHVFRPSHQVDWLRQVSDUDOOqOHV
3RXUUDFFRUGHUJDLQHVG
pYDFXDWLRQ
SODWHVXQUDFFRUGJDLQHSODWHHVW
QpFHVVDLUH
6
LOIDXWUHWLUHUOHMRLQWOHUDFFRUGHPHQW
GRLWrWUHIL[pHWpWDQFKpLILpDYHFOH
URXOHDXG
DGKpVLIDOXPLQLXP

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOVGHYHQWLODWLRQ

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ $' ࡱ
*DLQHSODWH ࡱ+7  *DLQHSODWH ࡱ+7 
DGDSWDWHXUF\OLQGULTXHƒ DGDSWDWHXUF\OLQGULTXHƒ
39&IDLEOHLQIODPPDELOLWp 0pWDO
‘PP ‘PPSODWURQG
$GDSWDWHXUJDLQHSODWHJDLQHURQGH 3HUPHWO
DGDSWDWLRQG
XQHJDLQHSODWH
jXQWX\DXURQG
&RQVHLOVG·LQVWDOODWLRQ
&RQYLHQWDX[JDLQHVSODWHVHWJDLQHV &RQVHLOVG·LQVWDOODWLRQ
SODWHVIOH[LEOH $GDSWpSRXUJDLQHSODWHG
pYDFXDWLRQ
&RQYLHQWDX[JDLQHVURQGHV DYHF RXJDLQHSODWHIOH[LEOH
FRQQH[LRQJDLQHURQGH HWWX\DX $GDSWpSRXUWX\DXURQGHWWX\DX$OXIOH[
$OXIOH[ URQG







5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ $' ࡱ
*DLQHSODWH ࡱ+7  *DLQHSODWH ࡱ+7 
DGDSWDWHXUF\OLQGULTXH DGDSWDWHXUF\OLQGULTXH
39&IDLEOHLQIODPPDELOLWp 0pWDO
‘PPSODWURQG ‘PPSODWURQG
$GDSWDWLRQGHJDLQHSODWHjJDLQH 3HUPHWO
DGDSWDWLRQG
XQHJDLQHSODWH
F\OLQGULTXH jXQWX\DXURQG

&RQVHLOVG·LQVWDOODWLRQ &RQVHLOVG·LQVWDOODWLRQ
&RQYLHQWDX[JDLQHVSODWHVHWJDLQHV $GDSWpSRXUJDLQHSODWHG
pYDFXDWLRQ
SODWHVIOH[LEOHV RXJDLQHSODWHIOH[LEOH
&RQYLHQWSRXUJDLQHF\OLQGULTXH $GDSWpSRXUWX\DXURQGHW
DYHFFRQQH[LRQJDLQHURQGH HWWX\DX WX\DX$OXIOH[URQG
$OXIOH[

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ $' ࡱ
$GKpVLISRXU ࡱ+7  $GKpVLISRXU ࡱ+7 
UDFFRUGHPHQWGHVJDLQHVG·pYDFXDWLRQ UDFFRUGHPHQWGHVJDLQHV
39& $OXPLQLXP
P5RXOHDX /DUJHXUPP
P5RXOHDX
&RQVHLOVG·LQVWDOODWLRQ
3RXUXQHERQQHpWDQFKpLWpGHV &RQVHLOVG·LQVWDOODWLRQ
FRQGXLWVGHUDFFRUGHPHQWHWXQH $GDSWpSRXUOHUDFFRUGHPHQWGHWRXWHV
UpGXFWLRQGHVIXLWHVG·DLUDXQLYHDX OHVSLqFHVGHFRQQH[LRQSRXUJDLQHV
GHVUDFFRUGVOHUXEDQDGKpVLI
$'HVWQpFHVVDLUH,OHVW
UpVLVWDQWjODFKDOHXUHWDX[89

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
3LqFHGHFRQQH[LRQ ࡱ+7  Raccord
$/ tuyau
avant/arrière
3RXUWX\DX$OXIOH[[‘PPURQG 2 x NW 150
0pWDOJDOYDQLVp AD 754 045
‘PPURQG

&RQVHLOVG·LQVWDOODWLRQ
,QVWDOODWLRQVXUO·DYDQWRXO·DUULqUHGHOD
$/





5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
3LqFHGHFRQQH[LRQ ࡱ+7 
$/
3RXUJDLQHVSODWHV[‘PP
0pWDOJDOYDQLVp
‘PPSODW

&RQVHLOVG·LQVWDOODWLRQ
,QVWDOODWLRQVXUO·DYDQWRXO·DUULqUHGHOD
KRWWHGHSODQ$/




5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
 ࡱ+7 
3LqFHGHFRQQH[LRQ 
$/
3RXUJDLQHVSODWHV[‘PP
0pWDOJDOYDQLVp
‘PPSODW

&RQVHLOVG·LQVWDOODWLRQ
,QVWDOODWLRQHQGHVVRXVGHODKRWWHGH
SODQ$/
6HWGHSLqFHV

'pIOHFWHXUG·DLU
5pIpUHQFHV5pIpUHQFHVRQOLQH
$$ ࡱ
3RXU9/ ࡱ+7 
1pFHVVDLUHSRXULQVWDOODWLRQjF{Wp
G·DSSDUHLOVJD]

'pIOHFWHXUG·DLU
5pIpUHQFHV5pIpUHQFHVRQOLQH
/6ࡱ
3RXU9/ ࡱ+7 
1pFHVVDLUHSRXULQVWDOODWLRQjF{Wp
G·DSSDUHLOVJD]

5pIpUHQFHV5pIpUHQFHVRQOLQH
$'  ࡱ
3LqFHGHFRQQH[LRQ ࡱ+7 
IOH[LEOHSRXU9/HW9/
‘PPSODW

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOVGHYHQWLODWLRQ

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
3LqFHGHFRQQH[LRQ ࡱ+7 
SRXU9/HW9/SRXUH[WHQVLRQ
DYHFJDLQHSODWH‘SRXUSODQGHWUDYDLO
WUqVSURIRQG

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
&ROOHFWHXUG
DLU ࡱ+7 
SRXUJDLQHVSODWHV
‘PP
0pWDOJDOYDQLVpHW39&

&RQVHLOVG·LQVWDOODWLRQ
3RXUOHUDFFRUGHPHQWGHPRGXOHV
ILOWUHV$&8QPRGXOHGHFRPPDQGH
DYHFRXVDQVpFODLUDJHHVWQpFHVVDLUH
HQWUHOHV[$&
[‘PPHQWUpHVG
DLUJDLQHSODWH
[‘PPVRUWLHG
DLUJDLQHSODWH

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
7X\DX$OXIOH[URQG ࡱ+7 
$OXPLQLXP
‘PPURQG

&RQVHLOVG·LQVWDOODWLRQ
$XWLOLVHUXQLTXHPHQWSRXUGHV
WUDMHFWRLUHVQRQUHFWLOLJQHVRXSRXU
GHVRXYHUWXUHVPXUDOHVURQGHVRX
GHVSHUoDJHVURQGVGDQVOHVRO
FROOLHUVGHVHUUDJHOLYUpVGHVpULH
3RXUUDFFRUGHPHQWDYHFWRXWHVOHV
SLqFHVGHFRQQH[LRQOLVVHUOHVH[WUpPL
WpVGXWX\DX




5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
7X\DXURQG ࡱ+7 
39&
‘PPURQG

&RQVHLOVG·LQVWDOODWLRQ
WX\DX[URQGVGRLYHQWrWUHUDFFRUGpV
HQVHPEOHjO·DLGHGHODSLqFHGH
FRQQH[LRQ$'

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
3LqFHGHFRQQH[LRQ ࡱ+7 
SRXUWX\DXURQG39&
39&
‘PPURQG

&RQVHLOVG·LQVWDOODWLRQ
WX\DX[URQGVGRLYHQWrWUHUDFFRUGpV
HQVHPEOHjO·DLGHGHODSLqFHGH
FRQQH[LRQ$'

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
5pGXFWHXUGHGLDPqWUH ࡱ+7 
‘PPURQG
0pWDOJDOYDQLVp
3HUPHWGHUpGXLUHOHUDFFRUGHPHQW
‘PPj‘PP

&RQVHLOVG·LQVWDOODWLRQ
3HXWrWUHFRPELQpDYHFOHWX\DX
WpOHVFRSLTXHGHVRUWLHPXUDOH
‘PPHWXQHSLqFHGHFRQQH[LRQ
‘PP





5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
&RXGHƒ ࡱ+7 
39&
‘PPURQG










5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
3LqJHjFRQGHQVDWLRQ ࡱ+7 
39&
‘PPURQG

&RQVHLOVG·LQVWDOODWLRQ
&RQVHLOOpSRXUOHVORQJVWX\DX[
YHUWLFDX[
,QVWDOODWLRQjO·H[WUpPLWpEDVVH
GXWX\DX

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOVGHYHQWLODWLRQ

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
&ROOHFWHXUG
DLU ࡱ+7 
‘PPWX\DXURQG
$FLHUJDOYDQLVp

&RQVHLOVG·LQVWDOODWLRQ
3RXUOHUDFFRUGHPHQWGHPRGXOHV
ILOWUHV$&8QPRGXOHGHFRPPDQ
GHDYHFRXVDQVpFODLUDJHHVWQpFHV
VDLUHHQWUHOHV[$&
[‘PPHQWUpHVG
DLUWX\DXURQG
[‘PPVRUWLHG
DLUWX\DXURQG

5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
&ROOHFWHXUG
DLU ࡱ+7 
‘PPURQG
$FLHUJDOYDQLVp

&RQVHLOVG·LQVWDOODWLRQ
[‘PPHQWUpHVG
DLUWX\DXURQG
3RXUOHUDFFRUGHPHQWGH[$/
jXQPRWHXUVpSDUp$5$5
[‘PPHQWUpHG
DLU
3RXUOHUDFFRUGHPHQWGH[$/
j$5$5RX$5


5pIpUHQFHV5pIpUHQFHVRQOLQH
$' ࡱ
&ROOHFWHXUG
DLU ࡱ+7 
SRXUJDLQHVSODWHV
‘PP
$FLHUJDOYDQLVp

&RQVHLOVG·LQVWDOODWLRQ
[‘PPHQWUpHG
DLUJDLQHSODWH
3RXUOHUDFFRUGHPHQWGH[$/
YHUVOHEDVjPRWHXUVpSDUp
$5$5
3RXUOHUDFFRUGHPHQWGH$/j
$5$5XWLOLVHUOHWX\DX
IOH[LEOH$'GRQWODORQJXHXU
SHXWrWUHDMXVWpH
IL[DWLRQVOLYUpHVGHVpULHSRXUIL[HUOH
WX\DXIOH[LEOH$'

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVG
DVSLUDWLRQ 
+RWWHVGHSODIRQG6pULH

7\SHG
DSSDUHLO +RWWHGHSODIRQG +RWWHGHSODIRQG +RWWHGHSODIRQG
 0RGXOH=OWUH 0RGXOHGHFRPPDQGH 0RGXOHGHFRPPDQGH
,QR[ $& $& $&
(YDFXDWLRQH[WpULHXUH5HF\FODJH ‡‡
$5$5
&RPSDWLEOHDYHF pYDFXDWLRQ
$5

$5HW
&RPSDWLEOHDYHF UHF\FODJH
$$RX$$
'LPHQVLRQV
/DUJHXUKRUVWRXW FP   
3URIRQGHXUKRUVWRXW FP   
+DXWHXU FP   
3RLGVQHW NJ   
&RQVRPPDWLRQVVHORQQRUPHV(8
&ODVVHG
HZFDFLWppQHUJpWLTXH %ó
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ ó
&ODVVHG
HZFDFLWpGXPRWHXU $ó
&ODVVHG
HZFDFLWpGHO
pFODLUDJH (ó
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH %ó
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ 
3XLVVDQFHVG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpV 3XLVVDQFHSDUPRWHXU
QLYHDX[GHSXLVVDQFH,QWHQVLI VpSDUpSRXUXQ
 PRGXOHILOWUHò
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQLQWpULHXUH PóK  ² ²
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQH[WpULHXUH PóK  ² ²
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQLQWpULHXUH PóK 
5HF\FODJHDYHF$5HW$$RX$$ PóK 
&DUDFWpULVWLTXHV
7pOpFRPPDQGHLQIUDURXJH ‡ ‡
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQWHPSRULVDWLRQ ‡PLQ ‡PLQ
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH ‡PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ²‡ ²‡
7\SHGH=OWUHjJUDLVVH $VSLUDWLRQSpULSKpULTXH
1RPEUHGH=OWUHVjJUDLVVH 
7\SHG
pFODLUDJH /('
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVRXVODWpUDOHGHVVXVGHUULqUH ²²‡²
3LqFHGHFRQQH[LRQ‘PPWX\DXURQG ‡
3LqFHGHFRQQH[LRQ‘PPJDLQHSODWH $'ñ
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  
/RQJXHXUGXFkEOHUpVHDX
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVGHN: FP   
3RXUDSSDUHLOVpOHFWULTXHV FP   
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : GpSHQGGXPRWHXU GpSHQGGXPRWHXU
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡ ‡

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ$FFHVVRLUHVSpFLDO
ò3RXUGHVFRQILJXUDWLRQVDYHFSOXVLHXUVPRGXOHVILOWUHVSDUPRWHXUVpSDUpODSXLVVDQFHSHXWDXJPHQWHUMXVTX
jPKSDUPRGXOHILOWUH

/HVYDOHXUVVHUpIqUHQWjODFRQILJXUDWLRQ$& [ $& [ DYHFXQPRWHXUVpSDUp$5 [ 
$SSDUHLOVG
DVSLUDWLRQ 

+RWWHGHSODIRQG
0RGXOHG
pFODLUDJH
$&






²
²

/('







‡
+RWWHVGHSODIRQG6pULH

7\SHG
DSSDUHLO +RWWHGHSODIRQG +RWWHGHSODIRQG +RWWHGHSODIRQG
*DJJHQDX/LJKW%URQ]H $& $&
*DJJHQDX%ODFN $&
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡ ²‡ ²‡
'LPHQVLRQV
/DUJHXU  FP   
3URIRQGHXU  FP   
+DXWHXU  FP   
3RLGV NJ   
&RQVRPPDWLRQVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $ ² ²
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ  ² ²
&ODVVHG
HZFDFLWpGXPRWHXU $ ² ²
&ODVVHG
HZFDFLWpGHO
pFODLUDJH  ² ²
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH ( ² ²
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $  ² ²
3XLVVDQFHG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFHLQWHQVLI
(YDFXDWLRQH[WpULHXUH PóK  ² ²
5HF\FODJH PóK   
3UHVVLRQPD[HQPóK 3D  ² ²
1LYHDXVRQRUH (1 PD[,QW
0RGHpYDFXDWLRQ G% $ UHS:  ² ²
0RGHUHF\FODJH G% $ UHS:   
&DUDFWpULVWLTXHV
7pOpFRPPDQGH ‡ ‡ ‡
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQWHPSRULVDWLRQ ‡LQWpJUpH ‡LQWpJUpH ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH ‡PLQ ‡PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡ ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡ ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVPpWDOOLTXHV )LOWUHVPpWDOOLTXHV )LOWUHVPpWDOOLTXHV
1RPEUHGH=OWUHVjJUDLVVH   
7\SHG
pFODLUDJH ² ² /('
3XLVVDQFHG
pFODLUDJH : ² ² 
/XPLQRVLWp O[ ² ² 
&RXOHXUGHO
pFODLUDJH .HOYLQ ² ² 
9DULDWHXUG
LQWHQVLWpGHO
pFODLUDJH DMXVWDEOHYLD+RPH&RQQHFW .HOYLQ ² ² 
3LqFHGHFRQQH[LRQ ¡PP  ² ²
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVXVODWpUDOHGHUULqUHGHYDQW ²‡‡‡ ² ²
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  ² ²
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOHUpJODJHGHODWDEOHGHFXLVVRQ ‡ñ ‡ñ ‡ñ
+RPH&RQQHFWYLD:L)L ‡ò ‡ò ‡ò
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVN: FP   
3RXUDSSDUHLOVpOHFWULTXHV FP   
5DFFRUGHPHQW
3XLVVDQFHWRWDOH :   
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡ ‡

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ(QFRPELQDLVRQDYHFWDEOHGHFXLVVRQFRPSDWLEOH
ò'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
+RWWHVGHSODQGHWUDYDLO6pULH $SSDUHLOVG
DVSLUDWLRQ 

7\SHG
DSSDUHLO +RWWHGHSODQGHWUDYDLO +RWWHGHSODQGHWUDYDLO
,QR[ $/ $/
(YDFXDWLRQH[WpULHXUH5HF\FODJH ‡‡ ‡‡
$5$5
&RPSDWLEOHDYHF pYDFXDWLRQ ²ó
$5
&RPSDWLEOHDYHF UHF\FODJH [$5[$5 $5
'LPHQVLRQV
+DXWHXUKRUVWRXW FP  
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQ ‡‡ ‡‡
+DXWHXUGpSOR\pH FP  
/DUJHXUVXUOHSODQGHWUDYDLO FP  
/DUJHXUGDQVOHPHXEOHEDV FP  
3URIRQGHXUVXUOHSODQGHWUDYDLO FP  
+DXWHXUGDQVPHXEOHEDVLQVWDODOWLRQFODVVLTXHjYHXUGHSODQ FP ² ²
3RLGVQHW NJ  
&RQVRPPDWLRQVVHORQQRUPHV(8
&ODVVHG
HZFDFLWppQHUJpWLTXH $ò
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ ò
&ODVVHG
HZFDFLWpGXPRWHXU $ò
&ODVVHG
HZFDFLWpGHO
pFODLUDJH (ò
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH &ò
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ ò
3XLVVDQFHVG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpV
DYHFFRQQH[LRQV DYHFFRQQH[LRQV
QLYHDX[GHSXLVVDQFH,QWHQVLI
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQLQWpULHXUH PóK 
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQVXUPXUH[WpULHXU PóK 
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH PóK 
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH PóK  
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGDQVXQPHXEOH PóK 
&DUDFWpULVWLTXHV
8QLWpGHYHQWLODWLRQWpOHVFRSLTXH ‡ ‡
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQ$XWRPDWLTXH ² ²
)RQFWLRQWHPSRULVDWLRQ PLQ ‡PLQ ‡PLQ
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ‡PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVPpWDOOLTXHV )LOWUHVPpWDOOLTXHV
1RPEUHGH=OWUHVjJUDLVVH  
&DQDOGHUpWHQWLRQGHVJUDLVVHV ‡ ‡
7\SHG
pFODLUDJH /(' /('
3XLVVDQFHG
pFODLUDJH : [ [
/XPLQRVLWp O[  
&RXOHXUGHO
pFODLUDJH .HOYLQ  
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVRXVODWpUDOHGHUULqUH ‡²‡ ‡²‡
3LqFHGHFRQQH[LRQ‘PPWX\DXURQG $'ñ $'ñ
3LqFHGHFRQQH[LRQ‘PPJDLQHSODWHGHYDQWRXGHUULqUH $'ñ $'ñ
3LqFHGHFRQQH[LRQ‘PPJDLQHSODWHHQGHVVRXV $'ñ $'ñ
/RQJXHXUGXFkEOHUDFFRUGHPHQW P  
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : GpSHQGGXPRWHXU GpSHQGGXPRWHXU
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ$FFHVVRLUHVSpFLDO
ò/HVYDOHXUVVHUpIqUHQWjODFRQ=JXUDWLRQ$/DYHFOHPRWHXUVpSDUp$5
ó/HVQRUPHVpQHUJpWLTXHVUHVWULFWLYHVHQ(XURSHQHSHUPHWWHQWSOXVO
LQVWDOODWLRQGHOD$/ ODUJHXUFP HQpYDFXDWLRQH[WpULHXUH
1RXVUHFRPPDQGRQVG
LQVWDOOHUODKRWWHGHSODQGHWUDYDLO$/HQPRGHUHF\FODJHDYHFPRWHXUV
+RWWHVGHSODQGHWUDYDLO6pULH

7\SHG
DSSDUHLO +RWWHGHSODQGHWUDYDLO +RWWHGHSODQGHWUDYDLO
*DJJHQDX%ODFN $/ $/
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡ ‡‡
&RPSDWLEOHDYHFOHVWDEOHVLQGXFWLRQVDQVFDGUH &; &;
SRXULQVWDOODWLRQjYHXUGHSODQGDQVXQHVHXOHGpFRXSH &, &,
'LPHQVLRQV
/DUJHXU FP  
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQ ‡‡ ‡‡
+DXWHXUGpSOR\pH FP  
/DUJHXUVXUOHSODQGHWUDYDLO FP  
3URIRQGHXUVXUOHSODQGHWUDYDLO FP  
/DUJHXUGDQVOHPHXEOHEDV FP  
+DXWHXUGDQVOHPHXEOHEDV FP  
3RLGVQHW NJ  
&RQVRPPDWLRQVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $ $
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ  ò
&ODVVHG
HZFDFLWpGXPRWHXU $ $ò
&ODVVHG
HZFDFLWpGHO
pFODLUDJH ² ²
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH % %ò
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $  ò
3XLVVDQFHG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFHLQWHQVLI
(YDFXDWLRQH[WpULHXUH PóK  
5HF\FODJH PóK  
3UHVVLRQPD[HQPóK 3D
1LYHDXVRQRUH (1 PD[,QW
0RGHpYDFXDWLRQ G% $ UHS:  ò
0RGHUHF\FODJH G% $ UHS:  ò
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH LQWHQVLI LQWHQVLI
)RQFWLRQDXWRPDWLTXH ‡ ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ² ²
,QGLFDWHXUGHVDWXUDWLRQGX=OWUH ‡ ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVPpWDOOLTXHV )LOWUHVPpWDOOLTXHV
1RPEUHGH=OWUHVjJUDLVVH  
5pFXSpUDWHXUGHJUDLVVHV ‡ ‡
/XPLQRVLWp ‡ ‡
3LqFHGHFRQQH[LRQ ¡PP  
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVXVODWpUDOHGHUULqUHGHYDQW ‡²²² ‡²²²
3XLVVDQFHVRUWLHYHQWLODWHXU :  
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOHUpJODJHGHODWDEOHGHFXLVVRQ ‡ ‡
+RPH&RQQHFWYLD:L)L ‡ñ ‡ñ
5DFFRUGHPHQW
3XLVVDQFHWRWDOH :  
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
ò'RQQpHVQRQGp=QLWLYHVUHVWHQWjFRQ=UPHU
9DULRDpUDWHXU6pULH $SSDUHLOVG
DVSLUDWLRQ 

7\SHG
DSSDUHLO 9DULRDpUDWHXU
,QR[ 9/
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡
&RPSDWLEOHDYHFFDLVVRQPRWHXU pYDFXDWLRQ $5$5$5
&RPSDWLEOHDYHFFDLVVRQPRWHXU UHF\FODJH $5$5
'LPHQVLRQV
+DXWHXUKRUVWRXW FP 
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQ ‡‡
/DUJHXUVXUOHSODQGHWUDYDLO FP 
/DUJHXUGDQVOHPHXEOHEDV  FP 
3URIRQGHXUVXUOHSODQGHWUDYDLO  FP 
+DXWHXUGDQVPHXEOHEDVLQVWDOODWLRQFODVVLTXHjYHXUGHSODQ  FP 
3RLGVQHW NJ 
&RQVRPPDWLRQVVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $ñ
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ ñ
&ODVVHG
HZFDFLWpGXPRWHXU $ñ
&ODVVHG
HZFDFLWpGHO
pFODLUDJH ²
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH %ñ
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ ñ
3XLVVDQFHG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpV
[9/
QLYHDX[GHSXLVVDQFHLQWHQVLI
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQLQWpULHXUH PóK 
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQVXUPXUH[WpULHXU PóK 
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH PóK 
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH PóK 
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGDQVXQPHXEOH PóK 
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH LQWHQVLI
)RQFWLRQDXWRPDWLTXH ‡
)RQFWLRQWHPSRULVDWLRQ ‡
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡
7\SHGH=OWUHjJUDLVVH )LOWUHPpWDOOLTXH
1RPEUHGH=OWUHVjJUDLVVH 
&DQDOGHUpWHQWLRQGHVJUDLVVHV ‡
&RQQH[LRQpYDFXDWLRQH[WpULHXUHEDVODWpUDOHDUULqUH ²²‡
3LqFHGHFRQQH[LRQ¡PPJDLQHSODWH $'ò
3LqFHGHFRQQH[LRQSRXUH[WHQVLRQJDLQHSODWH‘PP $'ò
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P 
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOHUpJODJHGHODWDEOHGHFXLVVRQ ‡ó
+RPH&RQQHFWYLD:L)L ‡ࡆ
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : GpSHQGGXPRWHXU
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
ñ/HVYDOHXUVVHUpIpUHQWjODFRQILJXUDWLRQ9/DYHFOHPRWHXUVpSDUp$5
ò$FFHVVRLUHVSpFLDO
ó(QFRPELQDLVRQDYHFODWDEOHGHFXLVVRQFRPSDWLEOH
ࡆ'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
9DULRDpUDWHXU6pULH

7\SHG
DSSDUHLO 9DULRDpUDWHXU
,QR[ 9/
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡
&RPSDWLEOHDYHFFDLVVRQPRWHXU pYDFXDWLRQ $5$5$5
&RPSDWLEOHDYHFFDLVVRQPRWHXU UHF\FODJH $5$5
'LPHQVLRQV
,QVWDOODWLRQFODVVLTXHjYHXUGHSODQ ‡
/DUJHXUVXUOHSODQGHWUDYDLO FP 
3URIRQGHXUVXUOHSODQGHWUDYDLO FP 
+DXWHXUGDQVPHXEOHEDVLQVWDOODWLRQFODVVLTXHjYHXUGHSODQ FP 
3RLGVQHW NJ 
&RQVRPPDWLRQVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $ò
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ ò
&ODVVHG
HZFDFLWpGXPRWHXU $ò
&ODVVHG
HZFDFLWpGHO
pFODLUDJH 
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH %ò
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ ò
3XLVVDQFHG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFHLQWHQVLI
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGDQVXQPHXEOH PóK 
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH PóK 
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH PóK 
eYDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQGDQVXQPHXEOH PóK 
eYDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQVXUPXUH[WpULHXU PóK 
1LYHDXVRQRUH (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFHLQWHQVLI
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGDQVXQPHXEOH G% $ UHS: 
5HF\FODJHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH G% $ UHS: 
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQGHUULqUHSOLQWKH G% $ UHS: 
eYDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQGDQVXQPHXEOH G% $ UHS: 
eYDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQVXUPXUH[WpULHXU G% $ UHS: 
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH LQWHQVLI
)RQFWLRQDXWRPDWLTXH ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡
7\SHGH=OWUHjJUDLVVH )LOWUHPpWDOOLTXH
1RPEUHGH=OWUHVjJUDLVVH 
&DQDOGHUpWHQWLRQGHVJUDLVVHV ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡
&RQQH[LRQpYDFXDWLRQH[WpULHXUHEDVODWpUDOHDUULqUH ‡
3LqFHGHFRQQH[LRQ¡JDLQHSODWH $'ñ
3LqFHGHFRQQH[LRQSRXUH[WHQVLRQ¡JDLQHSODWH $'ñ
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P 
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : GpSHQGGXPRWHXU
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVSpFLDO
ò/HVYDOHXUVVHUpIpUHQWjODFRQ=JXUDWLRQ9/DYHFOHPRWHXUVpSDUp$5
+RWWHVvORWV6pULH $SSDUHLOVG
DVSLUDWLRQ 

7\SHG
DSSDUHLO +RWWHvORW +RWWHvORW +RWWHvORW
,QR[ $, $, $,
(YDFXDWLRQH[WpULHXUH5HF\FODJH ‡‡ ‡‡ ‡‡
$5$5 $5$5 $5$5
&RPSDWLEOHDYHF pYDFXDWLRQ
$5 $5 $5
&RPSDWLEOHDYHF UHF\FODJH $5HW$$ $5HW$$ $5HW$$
'LPHQVLRQVDYHFFKHPLQpH
/DUJHXU FP   
3URIRQGHXU FP   
+DXWHXUpYDFXDWLRQH[WpULHXUHUHF\FODJHPLQPD[ FP ² ² ²
3RLGVQHW NJ   
3RLGVGHODFKHPLQpHPLQPD[ NJ ² ² ²
&RQVRPPDWLRQVVHORQQRUPHV(8
&ODVVHG
HZFDFLWppQHUJpWLTXH $ñ $ñ $ñ
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ ñ ñ ñ
&ODVVHG
HZFDFLWpGXPRWHXU $ñ $ñ $ñ
&ODVVHG
HZFDFLWpGHO
pFODLUDJH % % %
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH %ñ %ñ %ñ
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ ñ ñ ñ
3XLVVDQFHVG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFH,QWHQVLI
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQLQWpULHXUH PóK   
(YDFXDWLRQH[WpULHXUHDYHF$5GDQVFKHPLQpHGH$,$: PóK   
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQVXUPXUH[WpULHXU PóK   
5HF\FODJHDYHF$5GDQVFKHPLQpHGH$,$: PóK   
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQ$XWRPDWLTXH ‡ ‡ ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH ‡LQWpJUpH ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ² ² ²
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVjFKLFDQHV )LOWUHVjFKLFDQHV )LOWUHVjFKLFDQHV
1RPEUHGH=OWUHVjJUDLVVH   
&DQDOGHUpWHQWLRQGHVJUDLVVHV ‡ ‡ ‡
7\SHG
pFODLUDJH /(' /(' /('
3XLVVDQFHG
pFODLUDJH : [ [ [
/XPLQRVLWp O[   
&RXOHXUGHO
pFODLUDJH .HOYLQ   
3LqFHGHFRQQH[LRQ ¡PP   
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVXVODWpUDOHGHUULqUHGHYDQW6 VXUPHVXUH ‡666 ‡666 ‡666
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P   
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVGHN: FP   
3RXUDSSDUHLOVpOHFWULTXHV FP   
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : GpSHQGGXPRWHXU GpSHQGGXPRWHXU GpSHQGGXPRWHXU
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡ ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ/HVYDOHXUVVHUpIqUHQWjODFRQ=JXUDWLRQ$,$:DYHFOHPRWHXUVpSDUp$5
+RWWHVvORWV6pULH

7\SHG
DSSDUHLO +RWWHvORW
,QR[ $,
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡
'LPHQVLRQV
/DUJHXU FP 
3URIRQGHXU FP 
+DXWHXUpYDFXDWLRQH[WpULHXUHUHF\FODJHPLQPD[ FP ²²
3RLGVQHW NJ 
3RLGVGHODFKHPLQpH NJ
&RQVRPPDWLRQVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ 
&ODVVHG
HZFDFLWpGXPRWHXU $
&ODVVHG
HZFDFLWpGHO
pFODLUDJH $
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH %
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ 
3XLVVDQFHG
DVSLUDWLRQVHORQQRUPH (1 QLYHDX[GHSXLVVDQFHLQWHQVLI
(YDFXDWLRQH[WpULHXUH PóK 
5HF\FODJH PóK 
3UHVVLRQPD[HQPóK 3D 
1LYHDXVRQRUH3XLVVDQFHDFRXVWLTXHVHORQQRUPH (1 PD[LQW
0RGHpYDFXDWLRQ G% $ UHS: 
0RGHUHF\FODJH G% $ UHS: 
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH
)RQFWLRQDXWRPDWLTXH ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVPpWDOOLTXHV
1RPEUHGH=OWUHVjJUDLVVH 
&DQDOGHUpWHQWLRQGHVJUDLVVHV 
7\SHG
pFODLUDJH /('
3XLVVDQFHG
pFODLUDJH : [
/XPLQRVLWp O[ 
&RXOHXUGHO
pFODLUDJH .HOYLQ 
*DPPHGHFRXOHXU DMXVWDEOHDYHF+RPH&RQQHFW .HOYLQ 
3LqFHGHFRQQH[LRQ ¡PP 
&RQQH[LRQpYDFXDWLRQH[WpULHXUHKDXWF{WpDUULqUHGHYDQW6 VXUPHVXUH ‡666
3XLVVDQFHGXYHQWLODWHXU : 
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P 
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOHUpJODJHGHODWDEOHGHFXLVVRQ ‡ñ
+RPH&RQQHFWYLD:L= ‡ò
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVN: FP 
3RXUDSSDUHLOVpOHFWULTXHV FP 
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : 
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ(QFRPELQDLVRQDYHFWDEOHGHFXLVVRQFRPSDWLEOH
ò'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
+RWWHVPXUDOHV6pULH $SSDUHLOVG
DVSLUDWLRQ 

7\SHG
DSSDUHLO +RWWHPXUDOH +RWWHPXUDOH +RWWHPXUDOH
,QR[ $: $: $:
(YDFXDWLRQH[WpULHXUH5HF\FODJH ‡‡ ‡‡ ‡‡
$5$5 $5$5 $5$5
&RPSDWLEOHDYHF pYDFXDWLRQ
$5 $5 $5

$5HW $5HW $5HW


&RPSDWLEOHDYHF UHF\FODJH
$$ $$ $$
'LPHQVLRQVDYHFFKHPLQpH
/DUJHXU FP   
3URIRQGHXU FP   
+DXWHXUpYDFXDWLRQH[WpULHXUHUHF\FODJHPLQPD[ FP ² ² ²
3RLGVQHW NJ   
3RLGVGHODFKHPLQpHPLQPD[ NJ ² ² ²
&RQVRPPDWLRQVVHORQQRUPHV(8
&ODVVHG
HZFDFLWppQHUJpWLTXH %ñ $ñ $ñ
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ ñ ñ ñ
&ODVVHG
HZFDFLWpGXPRWHXU $ñ $ñ $ñ
&ODVVHG
HZFDFLWpGHO
pFODLUDJH % % $
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH $ñ %ñ %ñ
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $ ñ ñ ñ
3XLVVDQFHVG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFH,QWHQVLI
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQLQWpULHXUH PóK   
(YDFXDWLRQH[WpULHXUHDYHF$5GDQVFKHPLQpHGH$,$: PóK   
(YDFXDWLRQH[WpULHXUHDYHF$5SRXULQVWDOODWLRQVXUPXUH[WpULHXU PóK   
5HF\FODJHDYHF$5GDQVFKHPLQpHGH$,$: PóK   
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQ$XWRPDWLTXH ‡ ‡ ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH ‡LQWpJUpH ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ² ² ²
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVjFKLFDQHV )LOWUHVjFKLFDQHV )LOWUHVjFKLFDQHV
1RPEUHGH=OWUHVjJUDLVVH   
&DQDOGHUpWHQWLRQGHVJUDLVVHV ‡ ‡ ‡
7\SHG
pFODLUDJH /(' /(' /('
3XLVVDQFHG
pFODLUDJH : [ [ [
/XPLQRVLWp O[   
&RXOHXUGHO
pFODLUDJH .HOYLQ   
3LqFHGHFRQQH[LRQ ¡PP   
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVXVODWpUDOHGHUULqUHGHYDQW6 VXUPHVXUH ‡666 ‡666 ‡666
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P   
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVGHN: FP   
3RXUDSSDUHLOVpOHFWULTXHV FP   
5DFFRUGHPHQW
3XLVVDQFHWRWDOH : GpSHQGGXPRWHXU GpSHQGGXPRWHXU GpSHQGGXPRWHXU
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡ ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ/HVYDOHXUVVHUpIqUHQWjODFRQ=JXUDWLRQ$,$:DYHFOHPRWHXUVpSDUp$5
+RWWHVPXUDOHV6pULH

7\SHG
DSSDUHLO +RWWHPXUDOH +RWWHPXUDOH
,QR[ $:
3DQQHDXYHUUHDQWKUDFLWH*DJJHQDX $:
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡ ‡‡
'LPHQVLRQV
/DUJHXU FP  
3URIRQGHXU FP  
+DXWHXUpYDFXDWLRQH[WpULHXUHUHF\FODJHPLQPD[ FP ²² ²
3RLGVQHW NJ  
3RLGVGHODFKHPLQpH 
&RQVRPPDWLRQVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $ $
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ  
&ODVVHG
HZFDFLWpGXPRWHXU $ $
&ODVVHG
HZFDFLWpGHO
pFODLUDJH $ $
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH % %
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $  
3XLVVDQFHG
DVSLUDWLRQVHORQQRUPH (1 QLYHDX[GHSXLVVDQFHLQWHQVLI
(YDFXDWLRQH[WpULHXUH PóK  
5HF\FODJH PóK  
3UHVVLRQPD[HQPóK 3D  
1LYHDXVRQRUH3XLVVDQFHDFRXVWLTXHVHORQQRUPH (1 PD[LQW
0RGHpYDFXDWLRQ G% $ UHS:  
0RGHUHF\FODJH G% $ UHS:  
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQDXWRPDWLTXH ‡ ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ‡PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjFKDUERQDFWLI ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVPpWDOOLTXHV )LOWUHVPpWDOOLTXHV
1RPEUHGH=OWUHVjJUDLVVH  
&DQDOGHUpWHQWLRQGHVJUDLVVHV  ²
7\SHG
pFODLUDJH /(' /('
3XLVVDQFHG
pFODLUDJH : [ [
/XPLQRVLWp O[  
&RXOHXUGHO
pFODLUDJH .HOYLQ  
*DPPHGHFRXOHXU DMXVWDEOH+RPH&RQQHFW .HOYLQ  
3LqFHGHFRQQH[LRQ ¡PP  
&RQQH[LRQpYDFXDWLRQH[WpULHXUHKDXWF{WpDUULqUHGHYDQW6 VXUPHVXUH ‡666 ‡666
3XLVVDQFHGXYHQWLODWHXU :  
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  
&RQWU{OHGHODYHQWLODWLRQEDVpHVXUOHUpJODJHGHODWDEOHGHFXLVVRQ ‡ñ ‡ñ
+RPH&RQQHFWYLD:L= ‡ò ‡ò
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVN: FP  
3RXUDSSDUHLOVpOHFWULTXHV FP  
5DFFRUGHPHQW
3XLVVDQFHWRWDOH :  
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ(QFRPELQDLVRQDYHFWDEOHGHFXLVVRQFRPSDWLEOH
ò'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
+RWWHVWLURLUV6pULH $SSDUHLOVG
DVSLUDWLRQ 

7\SHG
DSSDUHLO +RWWHWLURLU +RWWHWLURLU
,QR[ $) $)
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡ ‡‡
'LPHQVLRQV
/DUJHXU FP  
3URIRQGHXU FP  
3URIRQGHXUDYHFWLURLUSDUHYDSHXUVRUWL FP  
+DXWHXU FP  
3RLGVQHW NJ  
&RQVRPPDWLRQVVHORQQRUPHV(8
&ODVVHG
HZFDFLWppQHUJpWLTXH $ $
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ  
&ODVVHG
HZFDFLWpGXPRWHXU $ $
&ODVVHG
HZFDFLWpGHO
pFODLUDJH $ $
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH % %
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $  
3XLVVDQFHVG
DVSLUDWLRQVHORQQRUPH(1QLYHDX[GHSXLVVDQFH,QWHQVLI
(YDFXDWLRQH[WpULHXUH PóK  
5HF\FODJH PóK  
&RQWUHSUHVVLRQPD[jPK 3D  
1LYHDXVRQRUH3XLVVDQFHDFRXVWLTXHVHORQQRUPH(1PD[,QW
(YDFXDWLRQH[WpULHXUH G% $ UHS:  
5HF\FODJH G% $ UHS:  
&DUDFWpULVWLTXHV
7LURLUSDUHYDSHXUHQYHUUH ‡ ‡
(PSODFHPHQWpOpPHQWVGHFRPPDQGH 7RXFKHVVXUO
DYDQW 7RXFKHVVXUO
DYDQW
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQ$XWRPDWLTXH ‡ ‡
)RQFWLRQWHPSRULVDWLRQ PLQ ‡LQWpJUpH ‡LQWpJUpH
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH PLQ ² ²
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHLQR[ )LOWUHLQR[
1RPEUHGH=OWUHVjJUDLVVH  
&DQDOGHUpWHQWLRQGHVJUDLVVHV ² ²
7\SHG
pFODLUDJH /(' /('
3XLVVDQFHG
pFODLUDJH : [ [
/XPLQRVLWp O[
 
&RXOHXUGHO
pFODLUDJH .HOYLQ  
3LqFHGHFRQQH[LRQ ¡PP  
&RQQH[LRQpYDFXDWLRQH[WpULHXUHGHVVXVODWpUDOHGHUULqUHGHYDQW6 VXUPHVXUH ‡²²² ‡²²²
9HQWLODWHXU 1RPEUH  
3XLVVDQFHGXYHQWLODWHXU :  
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVGHN: FP  
3RXUDSSDUHLOVpOHFWULTXHV FP  
5DFFRUGHPHQW
3XLVVDQFHWRWDOH :  
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
*URXSHVILOWUDQWV6pULH

7\SHG
DSSDUHLO *URXSHILOWUDQW *URXSHILOWUDQW
&RXOHXU,QR[ $& $&
(YDFXDWLRQH[WpULHXUHUHF\FODJH ‡‡ ‡‡
'LPHQVLRQV
/DUJHXU FP  
3URIRQGHXU FP  
+DXWHXU FP  FDLVVRQ  FDLVVRQ
3RLGVQHW NJ  
&RQVRPPDWLRQVHORQQRUPHV(8
&ODVVHG
HZFLHQFHpQHUJpWLTXH $ $
&RQVRPPDWLRQpQHUJpWLTXH N:KDQ N:K N:K
&ODVVHG
HZFDFLWpGXPRWHXU $ $
&ODVVHG
HZFDFLWpGHO
pFODLUDJH $ $
&ODVVHG
HZFDFLWpGX=OWUHjJUDLVVH ' '
1LYHDXVRQRUHPLQPD[SRVLWLRQQRUPDOH G% $  
3XLVVDQFHG
DVSLUDWLRQVHORQQRUPH (1 QLYHDX[GHSXLVVDQFHLQWHQVLI
(YDFXDWLRQH[WpULHXUH PóK  
5HF\FODJH PóK  
3UHVVLRQPD[HQPóK 3D  
1LYHDXVRQRUH3XLVVDQFHDFRXVWLTXHVHORQQRUPH (1 PD[LQW
0RGHpYDFXDWLRQ G% $ UHS:  
0RGHUHF\FODJH G% $ UHS:  
&DUDFWpULVWLTXHV
7pOpFRPPDQGH ñ ñ
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH
)RQFWLRQDXWRPDWLTXH ² ²
)RQFWLRQWHPSRULVDWLRQ ‡PLQ ‡PLQ
)RQFWLRQDVSLUDWLRQLQWHUPLWWHQWH ‡PLQ ‡PLQ
,QGLFDWHXUGHVDWXUDWLRQGX=OWUHjJUDLVVH ‡ ‡
7\SHGH=OWUHjJUDLVVH )LOWUHVPpWDOOLTXHV )LOWUHVPpWDOOLTXHV
1RPEUHGH=OWUHVjJUDLVVH  
&DQDOGHUpWHQWLRQGHVJUDLVVHV ² ²
7\SHG
pFODLUDJH /(' /('
3XLVVDQFHG
pFODLUDJH : [ [
/XPLQRVLWp O[  
&RXOHXUGHO
pFODLUDJH .HOYLQ  
3LqFHGHFRQQH[LRQ ¡PP  
&RQQH[LRQpYDFXDWLRQH[WpULHXUHKDXWF{WpDUULqUHGHYDQW6 VXUPHVXUH ‡²²² ‡²²²
9HQWLODWHXU 1E  
3XLVVDQFHGXYHQWLODWHXU :  
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  
+DXWHXUPLQLPDOHDXGHVVXVGXSODQGHFXLVVRQ
3RXUDSSDUHLOVJD]G
XQHSXLVVDQFHGHPRLQVSOXVN: FP  
3RXUDSSDUHLOVpOHFWULTXHV FP  
5DFFRUGHPHQW
3XLVVDQFHWRWDOH :  
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$FFHVVRLUHVSpFLDO
$SSDUHLOVG
DVSLUDWLRQ 

*URXSHILOWUDQW
$&
‡‡



 FDLVVRQ


$
N:K
$
$
'









ñ
SOXVLQWHQVLYH
²
‡PLQ
‡PLQ
‡
)LOWUHVPpWDOOLTXHV

²
/('
[



‡²²²








‡
0RWHXUVVpSDUpV6pULHHW6pULH

0RWHXULQWpULHXU
7\SHG
DSSDUHLO 0RWHXULQWpULHXU
SRXU$,$:
,QR[
&DUURVVDJHPpWDO $5 $5
(YDFXDWLRQH[WpULHXUH5HF\FODJH ‡² ‡²
'LPHQVLRQV
/DUJHXU PP  
3URIRQGHXU PP  
+DXWHXU PP  
3RLGVQHW NJ  
3RVVLELOLWpVG
LQVWDOODWLRQ
7RLWHQSHQWH SDVG
(WHUQLW
0XUH[WpULHXU
0XULQWpULHXU ‡
0HXEOHEDV ‡
&KHPLQpHGHKRWWH$,$: ‡
*UHQLHU ‡
&DYH ‡
3XLVVDQFHVG
DVSLUDWLRQ (1 DYHFPRWHXUVVpSDUpVQLYHDX[GHSXLVVDQFH,QWHQVLI
(YDFXDWLRQH[WpULHXUH PóK  
5HF\FODJH PóK
&RQWUHSUHVVLRQPD[jPK 3D  
&DUDFWpULVWLTXHV
1LYHDX[GHSXLVVDQFH SOXVLQWHQVLYH SOXVLQWHQVLYH
7HFKQRORJLHGXPRWHXU %/'& %/'&
9HQWLODWHXU 1RPEUH  
3XLVVDQFHGXYHQWLODWHXU :  
,VRODWLRQSKRQLTXH ‡ ‡
6XSSRUWGH=[DWLRQ ‡ ²
5DFFRUGVG
HQWUpHVG
DLU ¡PP [
5DFFRUGVRUWLHG
DLU ¡PP [ [
&DFKHSRXUIHUPHWXUHGHVHQWUpHVG
DLU ‡ ²
)LOWUHjFKDUERQDFWLI ² ²
/RQJXHXUGXFkEOHGHUDFFRUGHPHQW P  ²
/RQJXHXUGXFkEOHUpVHDX P  ²
5DFFRUGHPHQWHQFRPELQDLVRQDYHFO
pOHPHQWG
DVSLUDWLRQ
6XSSUHVVLRQGHVLQWHUIpUHQFHVGHVRQGHVUDGLRV ‡ ‡

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH
$SSDUHLOVG
DVSLUDWLRQ 

0RWHXUPXUH[WpULHXU 0RWHXUGHSOLQWKH 0RQWHXUGHSOLQWKH 0RWHXULQWpULHXU

$5
$5 $5 $5
‡² ‡² ²‡ ²‡

   


   
   
   

‡
‡
‡ ‡ ‡
‡ ‡ ‡

‡
‡

 
 
   

SOXVLQWHQVLYH SOXVLQWHQVLYH SOXVLQWHQVLYH SOXVLQWHQVLYH


%/'& %/'& %/'& %/'&
   
   
‡ ² ² ‡
‡ ‡ ‡ ‡
[ [ [ [SODW
[SODW
² ² ² ²
² ² ‡ ‡
   
   

‡ ‡ ‡ ‡
  

$SSDUHLOVGHIURLG

9XHG
HQVHPEOHGHVDSSDUHLOVGHIURLG 
)URLG9DULR6pULHUpIULJpUDWHXUVFRQJpODWHXUV 
HWFDYHVjYLQV

&RQVHLOVG·LQVWDOODWLRQSRXUOHVDSSDUHLOV 
GHIURLG9DULR6pULH
$FFHVVRLUHVSRXUOHVDSSDUHLOVGHIURLG9DULR6pULH 
6LGHE\6LGH3RVH/LEUH6pULH 
)URLG9DULR6pULHUpIULJpUDWHXUVHWFRQJpODWHXUV 
$SSDUHLOVGHIURLG6pULH 
&RQVHLOVG
LQVWDOODWLRQSRXUOHVDSSDUHLOVGHIURLG 
9DULR6pULHHW)URLG6pULH
$SSDUHLOVGHIURLG
&DYHVjYLQ 
$FFHVVRLUHV 
'RQQpHVWHFKQLTXHV 
9XHG·HQVHPEOHGHODJDPPHIURLG

‡5< ‡5% ‡5%

‡5& ‡5& ‡5&

‡5) ‡5) ‡5) ‡5) ‡5)


5)

‡5: ‡5: ‡5: ‡5:


3RUWHYLWUpH 3RUWHYLWUpH 3RUWHSOHLQH 3RUWHSOHLQH
$SSDUHLOVGHIURLG  

‡5< ‡5% ‡57 ‡5& ‡5)

‡5% ‡5& ‡57 ‡57 ‡5)

‡57 ‡5& ‡5)

‡5: ‡5: ‡5:


9XHG
HQVHPEOH

)URLG9DULR6pULH

1LFKHFP

)&!ƒ&
)&!ƒ&

5< 5% 5% 5& 5& 5&

5) 5) 5) 5) 5) 5: 5:

)& =RQHIUDvFKHXU
)&!ƒ&=RQHIUDvFKHXUSURFKHGHƒ&
)&ƒ& =RQHIUDvFKHXUƒ&
: 9LQ
' 'LVWULEXWHXUG
HDXHWGHJODoRQV
,FH )DEULTXHGHJODoRQV
$SSDUHLOVGHIURLG 

9XHG
HQVHPEOH

)URLG9DULR6pULH

1LFKHFP

5% 57 5& 5)


9XHG
HQVHPEOH

$XWUHVDSSDUHLOVGHIURLG
3RVH/LEUH 1LFKHFP
+DXWHXUFP

7,52,5

5< 5% 5& 57 57 5)

1LFKHFP6RXVSODQ

57 5& 5)


$SSDUHLOVGHIURLG 

9XHG
HQVHPEOH

&DYHVjYLQ
1LFKHFP

5: 5:

1LFKHFP

1LFKHFP 1LFKHFP6RXVSODQ

5: 5: 5:

3RXUWRXWHH[SRUWDWLRQKRUV8QLRQ(XURSpHQQHO·DSSUREDWLRQWHFKQLTXHGHOLEpUDWLRQGHV3URGXLWVDpWpGRQQpHSRXUOD)UDQFH
PpWURSROLWDLQHHWO·HQVHPEOHGHV'520&20jO·H[FHSWLRQGHVSD\VVXLYDQWV3RO\QpVLH6DLQW%DUWKpOpP\6W0DUWLQ6DLQW3LHUUH
HW0LTXHORQHW:DOOLVHW)XWXQD1RVDSSDUHLOVGH)URLGVRQWFRQoXVH[FOXVLYHPHQWSRXUXQXVDJHGDQVGHVSLqFHVFOLPDWLVpHV
&RPELQp5pIULJpUDWHXU&RQJpODWHXU 5$    ࡱ &RQWUHSRUWHSODQHHQLQR[
9DULR6pULH %DJXHWWHVGH  ࡱ+7 DYHFV\VWqPHGHUDLOVSRXUXQ
5<  FRQQH[LRQYHUWLFDOHVSRXU[ SRVLWLRQQHPHQWWRWDOHPHQWIOH[LEOH
SDQQHDX[G
KDELOODJHSRXUFRPELQp GHVEDOFRQQHWVGHFRQWUHSRUWH
² ,QWpULHXUWRXWLQR[DYHFpOpPHQWV 5%5< SRXUXQHHVWKpWLTXH FRPSDUWLPHQWVUpJODEOHVHQ
GHUDQJHPHQWHQ$OXPLQLXPPDVVLI YLVXHOOHSDUIDLWH  KDXWHXUGDQVODFRQWUHSRUWH
$QWKUDFLWH 5$  ೦  ࡱ GRQWSDUWLFXOLqUHPHQWSURIRQGV
² (FODLUDJHEODQFFKDXGJUkFHDX[ *ULOOHGHYHQWLODWLRQ  ࡱ+7 9ROXPHQHWWRWDOGHWRXWHOD=RQH
6SRWV/('DQWLpEORXLVVHPHQW LQR[ 5pIULJpUDWLRQOLWUHV
² 2XYHUWXUHGHSRUWHDVVLVWpH 3RXU5%5< 
)RQFWLRQ3XVKWRRSHQSRXUOHV  =RQHIUDvFKHXUSURFKHGHƒ&
KDELOODJHVGHSRUWHVDQVSRLJQpH $FFHVVRLUHVHQRSWLRQ WLURLUIUDvFKHXUSURFKHGHƒ&
)RQFWLRQ3XOOWRRSHQSRXU 5$    ࡱ WRWDOHPHQWH[WUDFWLEOHDYHFIDoDGH
IDFLOLWHUO
RXYHUWXUHGHVSRUWHV %RvWHGHFRQVHUYDWLRQ  ࡱ+7 WUDQVSDUHQWHpFODLUp
G
KDELOODJHDYHFSRLJQpH DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH 6\VWqPHGHIHUPHWXUHDPRUWLH
² &RQWUHSRUWHVSODQHVHQLQR[ 5$    ࡱ 7HPSpUDWXUHUpJODEOHPDQXHOOHPHQW
² 6\VWqPHGHUDLOVSUHVTXHLQYLVLEOH )LOWUHjHDXSRXU  ࡱ+7 ,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
SRXUXQSRVLWLRQQHPPHQWIOH[LEOH V\VWqPHGHILOWUDWLRQLQWpJUpH
೦1RXYHDX GHVpWDJqUHVHWEDOFRQQHWVGHOD DYHFLQGLFDWHXUGHVDWXUDWLRQ =RQHIUDvFKHXU
5<  ೦  ࡱ FRQWUHSRUWH 3RXU5%5<5) WLURLUIUDvFKHXUWRWDOHPHQWH[WUDFWLEOH
=RQHIUDvFKHXUSURFKH  ࡱ+7 ² %DOFRQQHWVGHODFRQWUHSRUWHHQ 3RXU5)   5)  DYHFIDoDGHWUDQVSDUHQWHpFODLUp
GHƒ& $OXPLQLXPPDVVLI$QWKUDFLWH jSDUWLUGH)' 6\VWqPHGHIHUPHWXUHDPRUWLH
7RXWLQWpJUDEOH ² 8QWLURLUIUDvFKHXUSURFKHGH 5pJODJHPDQXHOGHO
KXPLGLWp
+RPH&RQQHFW ƒ&DYHFUpJODJHPDQXHOGHOD ,GpDOSRXUIUXLWVHWOpJXPHV
/DUJHXUGHODQLFKHFP WHPSpUDWXUHHWXQWLURLUIUDvFKHXU
+DXWHXUGHODQLFKHFP DYHFUpJODJHPDQXHOGHO
KXPLGLWp &RQJpODWHXU
=RQHUpIULJpUDWLRQDYHFXQHGRXEOH ² )DEULTXHGHJODFHLQWpJUpHDYHF 7HFKQRORJLH1R)URVWDYHF6XSHU
SRUWHHW]RQHFRQJpODWLRQDYHFWLURLU UDFFRUGHPHQWGLUHFWjO
HDX &RQJpODWLRQMXVTX
jƒ&
FRXOLVVDQWHQWLqUHPHQWH[WUDFWLEOH ² 8QHWDEOHWWHHQYHUUHDV\PpWULTXH 7HPSpUDWXUHUpJODEOHGHƒ&j
UpJODEOHHQKDXWHXU ƒ&
/HSUL[FRPSUHQG ² 7LURLUGHFRQJpODWLRQWRWDOHPHQW &RPSDUWLPHQWFRQJpODWHXUpWRLOHV
 FDVLHUjRHXIVDYHFFRXYHUFOH H[WUDFWLEOHDYHFVpSDUDWLRQSUDWLTXH &DSDFLWpGHFRQJpODWLRQNJHQK
 SHOOHjJODoRQV HQ$QWKUDFLWH $XWRQRPLHGHKHQFDVGHFRXSXUH
² (FUDQ7)7VHQVLWLI GHFRXUDQW
$FFHVVRLUHVG
LQVWDOODWLRQUHTXLV ² 9ROXPHQHWWRWDOOLWUHV WLURLUVLQWpULHXUVWRWDOHPHQWH[WUDFWLEOHV
5$    ࡱ  (FODLUDJHLQWpULHXUSDU6SRUWV/('
$FFHVVRLUH  ࡱ+7 %DQGHDXGHFRPPDQGH pFODLUDJHEODQFFKDXG
G
LQVWDOODWLRQSRXUPRQWDJH 5pJODJH(FUDQ7)7VHQVLWLI 9ROXPHQHWOLWUHV
6LGHE\6LGH $IILFKDJHWH[WHFODLU
1
HVWSDVQpFHVVDLUHVLO
HVSDFHHQWUH )DEULTXHGHJODFH
OHVDSSDUHLOVHVWVXSpULHXUjPP &DUDFWpULVWLTXHVWHFKQLTXHV ,QWpJUpHGDQVOHFRPSDUWLPHQW
/LYUpGHVpULHDYHFOHV5)HW5: 5pSDUWLWLRQG\QDPLTXHGXIURLG FRQJpODWHXUUDFFRUGHPHQWGLUHFW
5$    ࡱ 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ jO
HDX
)HXLOOHWKHUPLTXH9  ࡱ+7 6\VWqPHGHIHUPHWXUHGHSRUWHDPRUWLH )LOWUHjSDUWLFXOHVSRXUO
DUULYpHG
HDX
1pFHVVDLUHVLODGLVWDQFHHQWUHOHV )LOWUHjDLUjFKDUERQDFWLI LQWpJUpGDQVODJULOOHGHYHQWLODWLRQ
DSSDUHLOVLQVWDOOpVF{WHjF{WHHVW 0RGH5HSRVFHUWLILp6WDU. ,QGLFDWHXUGHVDWXUDWLRQGDQVO
pFUDQ
FRPSULVHHQWUHPPHWPPDLQVL /RUVGHO
DFWLYDWLRQGXPRGH5HSRVOD 7)7VHQVLWLI
TXHGDQVWRXWHVOHVFRQILJXUDWLRQV SRUWHHWOHWLURLUGHO
DSSDUHLOSHXYHQW $UUrWVpSDUpGHODIDEULTXHGHJODFH
G
LQVWDOODWLRQGDQVXQHQYLURQQHPHQW XQLTXHPHQWrWUHRXYHUWVDYHFXQH 3URGXFWLRQGHJODoRQVHQYLURQ
KXPLGH SRLJQpHVLWXpHVXUO
KDELOODJHGHSRUWH NJK
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV $ODUPHHQFDVGHSRUWHRXYHUWHRXGH %DFjJODoRQVDPRYLEOHSRXUXQH
VRQWVpSDUpVG
DXPRLQVPP G\VIRQFWLRQQHPHQW UpVHUYHG
HQYLURQNJ

$FFHVVRLUHVG
LQVWDOODWLRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV &RQVRPPDWLRQV
5$    ࡱ PRGH'LJLWDO +RPH&RQQHFW  &ODVVHG
HIILFDFLWppQHUJpWLTXH)
3RUWHVHQLQR[  ࡱ+7 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH VXUXQHpFKHOOHGH$j*
DYHFSRLJQpHV &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp &RQVRPPDWLRQG
pQHUJLHN:KDQ
3RXU5< GHVVHUYLFHV+RPH&RQQHFWGDQVOH 1LYHDXVRQRUH'% UHS: 
pSDLVVHXUKDELOODJHPP SD\VUHVSHFWLI/HVVHUYLFHV+RPH
5$    ࡱ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV &RQVHLOVG
LQVWDOODWLRQ
%DJXHWWHVODWpUDOHV  ࡱ+7 WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU &KDUQLqUHSDQWRJUDSKH
GHUHFRXYUHPHQWHQSDUWLHV ZZZKRPHFRQQHFWFRP $QJOHG
RXYHUWXUHGHSRUWHƒ
SRXU5<HW5% SHXWrWUHEORTXpjƒ
5$    ࡱ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV 3RLGVPD[LGHODSRUWHG
KDELOODJH
3RLJQpHORQJXHLQR[  ࡱ+7 SDJHVj 3RUWHVNJFKDFXQH7LURLUNJ
DYHFIL[DWLRQVORQJXHXUPP  9DQQHG
DUUrWGXUDFFRUGHPHQWjO
HDX
LQWHUYDOOHGHSHUoDJHPP 5pIULJpUDWHXU GRLWrWUHSODFpHjF{WpGHO
DSSDUHLOHW
5$    ࡱ 6\VWqPH1R)URVWDYHF6XSHU UHVWHUDFFHVVLEOH
3RLJQpHFRXUWHLQR[  ࡱ+7 5pIULJpUDWLRQ 6LODSUHVVLRQGHO
HDXHVWVXSpULHXUHj
3RXU5%5< 7HPSpUDWXUHUpJODEOHGHƒ& 03D EDU LQVWDOOHUXQHVRXSDSH
$YHFIL[DWLRQVORQJXHXUPP jƒ& GHOLPLWDWLRQGHSUHVVLRQHQWUHOH
LQWHUYDOOHGHSHUoDJHPP WDEOHWWHHQYHUUHGHVpFXULWpYHUUH URELQHWG
DUULYpHG
HDXHWOHWX\DX
5$    ࡱ EODQFUpJODEOHHQKDXWHXU
3RUWHVLQR[  ࡱ+7 WDEOHWWHHQYHUUHGHVpFXULWp 9DOHXUVGHUDFFRUGHPHQW
VDQVSRLJQpHV GLYLVpHDV\PpWULTXHPHQWUpJODEOH 3XLVVDQFHWRWDOHDEVRUEpHN:
3RXU5< PDQXHOOHPHQW &kEOHGHUDFFRUGHPHQWPDYHF
pSDLVVHXUKDELOODJHPP WDEOHWWHLQWpJUpHHQYHUUHILQLWLRQ SULVH
VDWLQpH 5DFFRUGHPHQWjO
HDX
6SRWV/('EULOODQWVpFODLUDJHEODQF 7X\DXG
DUULYpHG
HDXPDYHF
FKDXGDQWLpEORXLVVHPHQWGDQVSDUWLH FRQQH[LRQ
UpIULJpUDWLRQHWWLURLUGHFRQJpODWLRQ 3UHVVLRQG
HDXGHj%DU


 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

$SSDUHLOVGHIURLG 

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP
Combiné Réfrigérateur-Congélateur RA 425 710  146 € 3 compartiments réglables en
Vario Série 400 Poignée courte, inox (121,67 € HT) hauteur dans la contre-porte,
RB 492 /RB 472 Pour RB 472, avec 2 fixations, longueur dont 1 particulièrement profond.
658 mm, intervalle de perçage 637 mm. Volume net total de toute la Zone
– Intérieur tout inox avec éléments RA 425 910  160 € Réfrigération : 389/316 litres.
de rangement en Aluminium massif Poignée courte, inox (133,33 € HT)
Anthracite Pour RB/RY 492 Zone fraîcheur proche de 0°C
– Eclairage blanc chaud grâce aux Avec 2 fixations, longueur 810 mm, 1 tiroir fraîcheur proche de 0°C
Spots LED anti-éblouissement intervalle de perçage 787 mm. totalement extractible avec façade
– Ouverture de porte assistée: RA 428 712  1.365 € transparente, éclairé.
1. Fonction Push-to-open pour les Portes inox, (1.137,50 € HT) Système de fermeture amortie.
habillages de porte sans poignée sans poignées Température réglable manuellement.
2. Fonction Pull-to-open pour Pour RB 472, épaisseur habillage Idéal pour viande, poisson et volaille.
faciliter l'ouverture des portes 19 mm.
d'habillage avec poignée. RA 428 910  1.550 € Zone fraîcheur
– Contre-porte plane en inox, sur Portes inox, (1.291,67 € HT) 1 tiroir fraîcheur totalement extractible
toute la surface sans poignées avec façade transparente, éclairé.
– Système de rails presque invisible, Pour RB 492, Système de fermeture amortie.
▾Nouveau pour un positionnemment flexible épaisseur habillage 19 mm. Réglage manuel de l'humidité.
RB 492 305▾  10.890 € des étagères et balconnets de la RA 460 030  127 € Idéal pour fruits et légumes.
Zone fraîcheur proche (9.075,00 € HT) contre-porte Baguettes de (105,83 € HT)
de 0°C – Balconnets de la contre-porte en connexion verticales pour 2 x 2 Congélateur
Tout intégrable Aluminium massif Anthracite panneaux d'habillage pour combiné Technologie No-Frost avec Super
Home Connect – Un tiroir fraîcheur proche de RB/RY 492 (pour une esthétique Congélation jusqu'à -30°C.
Largeur de la niche 91.4 cm, 0°C avec réglage manuel de la visuelle parfaite). Température réglable de -14°C à -24°C.
Hauteur de la niche 213.4 cm température et un tiroir fraîcheur RA 464 913▾  340 € Compartiment congélateur 4 étoiles.
Zone réfrigération avec 1 seule porte avec réglage manuel de l'humidité Grille de ventilation (283,33 € HT) Capacité de congélation 14 kg en 24 h.
et zone congélation avec tiroir – Fabrique de glace intégrée avec inox pour RB/RY492. Autonomie de 13 h en cas de coupure
coulissant entièrement extractible raccordement direct à l'eau RA 464 713▾  295 € de courant.
RB 472 305▾  10.180 € – Tiroir de congélation totalement Grille de ventilation (245,83 € HT) 2 tiroirs coulissants sortie totale.
Zone fraîcheur proche (8.483,33 € HT) extractible avec séparation pratique inox pour RB472 Eclairage intérieur par 2 Sports LED,
de 0°C en Anthracite éclairage blanc chaud.
Tout intégrable – Ecran TFT sensitif Accessoires en option Volume net 166/136 litres.
Home Connect – Volume net total 555/452 litres RA 430 100  42 €
Largeur de la niche 76.2 cm, Boîte de conservation (35,00 € HT) Fabrique de glace
Hauteur de la niche 213.4 cm Bandeau de commande avec couvercle transparent, anthracite. Intégrée dans le compartiment
Zone réfrigération avec 1 seule porte Réglage Ecran TFT sensitif. RA 450 012  105 € congélateur, raccordement direct à
et zone congélation avec tiroir Affichage texte clair. Filtre à eau pour (87,50 € HT) l'eau.
coulissant entièrement extractible système de filtration intégrée Filtre à particules pour l'arrivée d'eau,
Caractéristiques techniques avec indicateur de saturation. intégré dans la grille de ventilation.
Le prix comprend Répartition dynamique du froid. Pour RB, RY, RF. Indicateur de saturation dans l'écran
1 casier à oeufs avec couvercle Dégivrage automatique par évaporation. Pour RF 4*1 **4 & RF 463 **4/5 TFT sensitif.
1 pelle à glaçons Système de fermeture de porte amortie. à partir de FD 9007. Arrêt séparé de la fabrique de glace.
Filtre à air à charbon actif. Production de glaçons, environ
Accessoires d'installation requis Mode Repos, certifié Star-K. 1,6/1,7 kg/24 h.
RA 460 000  160 € Lors de l'activation du mode Repos, Bac à glaçons amovible pour une
Accessoire (133,33 € HT) la porte et le tiroir de l'appareil peuvent réserve d'environ 3/3 kg.
d'installation pour montage uniquement être ouverts avec une
"Side-by-Side". poignée située sur l'habillage de porte. Consommations
N'est pas nécessaire si l'espace entre Alarme en cas de porte ouverte ou de Classe d'efficacité énergétique E sur
les appareils est supérieur à 160 mm. dysfonctionnement. une échelle de A à G.
Livré de série avec les RF et RW. Consommation d'énergie
RA 460 013  360 € Module WIFI intégré pour les services 326/295 kWh/an.
Feuille thermique 230V. (300,00 € HT) mode Digital (Home Connect). Niveau sonore 42 dB (re 1 pW).
Nécessaire si la distance entre les La disponibilité de la fonction Home
appareils installés côte à côte est Connect dépend de la fonctionnalité Conseils d'installation
comprise entre 16 mm et 160 mm, ainsi des services Home Connect dans le Charnière pantographe.
que dans toutes les configurations pays respectif. Les services Home Charnières à droite, réversibles.
d'installation dans un environnement Connect ne sont pas disponibles dans Angle d'ouverture de porte 115°,
humide. tous les pays. Plus d'informations sur: peut être bloqué à 90°.
N'est pas nécessaire si les appareils www.home-connect.com. Poids maxi. de l'habillage de porte:
sont séparés d'au moins 160 mm. Porte 47/41 kg.
Conseils d'installation complémentaires Tiroir 10/10 kg.
Accessoires d'installation pages 318 à 325. Vanne d'arrêt du raccordement à l'eau
RA 421 712  1.370 € doit être placée à côté de l'appareil et
Portes en inox (1.141,67 € HT) Réfrigérateur rester accessible.
avec poignées Système No-Frost avec Super Si la pression de l'eau est supérieure à
Pour RB 472, épaisseur habillage Réfrigération. 0,8 MPa (8 bar), installer une soupape
19 mm. Température réglable de +2°C de limitation de pression entre le
RA 421 910  1.555 € à +8°C. robinet d'arrivée d'eau et le tuyau.
Portes en inox (1.295,83 € HT) 2 tablettes en verre de sécurité, verre
avec poignées blanc, réglable en hauteur. Valeurs de raccordement
Pour RB 492, 1 tablette intégrée en verre finition Puissance totale absorbée :
épaisseur habillage 19 mm. satinée. 0,300/0,300 kW.
RA 423 340  43 € 4 Spots LED brillants, éclairage blanc Câble de raccordement 3.0 m avec
Baguettes latérales (35,83 € HT) chaud anti-éblouissement, dans partie prise.
de recouvrement, en 2 parties, réfrigération et tiroir de congélation. Raccordement à l'eau.
pour RY et RB. Contre-porte plane en inox Tuyau d'arrivée d'eau 2.0 m avec
RA 425 110  180 € avec système de rails pour un connexion 3/4 ".
Poignée longue, inox (150,00 € HT) positionnement totalement flexible des Pression d'eau de 2 à 8 Bar.
avec 3 fixations, longueur 1131 mm, balconnets de contre-porte.
intervalle de perçage 554 mm.

Les prix des produits s’entendent hors Eco-participation cf page 405


$SSDUHLOVGHIURLG 

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP
5pIULJpUDWHXU9DULR6pULH 5$    ࡱ &RQWUHSRUWHSODQHHQLQR[
5& 5& 5&  %DJXHWWHVODWpUDOHVGH  ࡱ+7 DYHFV\VWqPHGHUDLOVSRXUXQ
UHFRXYUHPHQWORQJXHV SRVLWLRQQHPHQWWRWDOHPHQWIOH[LEOHGHV
² ,QWpULHXUWRXWLQR[DYHFpOpPHQWV 5$    ࡱ EDOFRQQHWVGHFRQWUHSRUWH
GHUDQJHPHQWHQ$OXPLQLXPPDVVLI 3RLJQpHORQJXHLQR[  ࡱ+7 FRPSDUWLPHQWVUpJODEOHVHQ
$QWKUDFLWH $YHFIL[DWLRQVORQJXHXUPP KDXWHXUGDQVODFRQWUHSRUWHGRQW
² (FODLUDJHEODQFFKDXGJUkFHDX[ LQWHUYDOOHGHSHUoDJHPP SDUWLFXOLqUHPHQWSURIRQG
6SRWV/('DQWLpEORXLVVHPHQW 5$    ࡱ 9ROXPHXWLOHOLWUHV
² 2XYHUWXUHGHSRUWHDVVLVWpH 3RUWHHQLQR[  ࡱ+7
)RQFWLRQ3XVKWRRSHQSRXUOHV VDQVSRLJQpH =RQHIUDvFKHXUƒ&
KDELOODJHVGHSRUWHVDQVSRLJQpH 3RXUDSSDUHLOODUJHXUFP JUDQGWLURLU)UDvFKHXUSURFKHGHƒ&
)RQFWLRQ3XOOWRRSHQSRXU pSDLVVHXUKDELOODJHPP WRWDOHPHQWH[WUDFWLEOHDYHFIDoDGH
IDFLOLWHUO
RXYHUWXUHGHVSRUWHV 5$    ࡱ WUDQVSDUHQWHHWpFODLUDJH
G
KDELOODJHDYHFSRLJQpH 3RUWHHQLQR[  ࡱ+7 6\VWqPHGHIHUPHWXUHDPRUWLH
² /HVWLURLUVGHV5&HW5)VRQW VDQVSRLJQpH &RQWU{OHGHODWHPSpUDWXUHYLDO
pFUDQ
SODFpVjODPrPHKDXWHXU(QFDV 3RXUDSSDUHLOODUJHXUFP 7)7FHQWUDOUpJODJHGHODWHPSpUDWXUH
G
LQVWDOODWLRQHQ6LGHE\6LGHOHV pSDLVVHXUKDELOODJHPP GHƒ&jƒ&
WDEOHWWHVHQYHUUHHWOHVEDOFRQQHWV 5$    ࡱ ,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
೦1RXYHDX GHFRQWUHSRUWHSHXYHQWrWUHSODFpV 3RUWHHQLQR[  ࡱ+7 9ROXPHXWLOHOLWUHV
5&  ೦  ࡱ DXPrPHQLYHDXSRXUXQ VDQVSRLJQpH
$YHF]RQHIUDvFKHXU  ࡱ+7 DOLJQHPHQWSDUIDLW 3RXUDSSDUHLOODUJHXUFP =RQHIUDvFKHXU
SURFKHGHƒ& ² &RQWUHSRUWHSODQHHQLQR[VXU pSDLVVHXUKDELOODJHPP WLURLUIUDvFKHXUWRWDOHPHQWH[WUDFWLEOH
7RXWLQWpJUDEOH WRXWHODVXUIDFH 5$    ࡱ DYHFIDoDGHWUDQVSDUHQWHpFODLUp
+RPH&RQQHFW ² 6\VWqPHGHUDLOVSUHVTXHLQYLVLEOH %DJXHWWHGH  ࡱ+7 6\VWqPHGHIHUPHWXUHDPRUWLH
/DUJHXUGHODQLFKHFP SRXUXQSRVLWLRQQHPPHQWIOH[LEOH FRQQH[LRQYHUWLFDOHSRXUSDQQHDX[ 5pJODJHPDQXHOGHO
KXPLGLWp
+DXWHXUGHODQLFKHFP GHVpWDJqUHVHWEDOFRQQHWVGHOD G
KDELOODJH SRXUXQHV\PpWULHYLVXHOOH ,GpDOSRXUIUXLWVHWOpJXPHV
5&  ೦  ࡱ FRQWUHSRUWH SDUIDLWH 
$YHF]RQHIUDvFKHXU  ࡱ+7 ² %DOFRQQHWVGHODFRQWUHSRUWHHQ 5$    ࡱ &RQVRPPDWLRQV
SURFKHGHƒ& $OXPLQLXPPDVVLI$QWKUDFLWH *ULOOHGHYHQWLODWLRQ  ࡱ+7 &ODVVHG
HIILFDFLWppQHUJpWLTXH(VXU
7RXWLQWpJUDEOH ² WLURLU)UDvFKHXUSURFKHGHƒ& LQR[ XQHpFKHOOHGH$j*
+RPH&RQQHFW DYHFUpJODJHGHODWHPSpUDWXUHGH 3RXUDSSDUHLOODUJHXUFP &RQVRPPDWLRQG
pQHUJLH
/DUJHXUGHODQLFKHFP ƒ&jƒ&HWWLURLU)UDvFKHXU 5$    ࡱ N:KDQ
+DXWHXUGHODQLFKHFP DYHFUpJODJHPDQXHOGHO
KXPLGLWp *ULOOHGHYHQWLODWLRQ  ࡱ+7 1LYHDXVRQRUH'% UHS: 
5&  ೦  ࡱ ² (FUDQ7)7VHQVLWLI LQR[ 
$YHF]RQHIUDvFKHXU  ࡱ+7 ² 9ROXPHXWLOHWRWDOOLWUHV 3RXUDSSDUHLOODUJHXUFP &RQVHLOVG
LQVWDOODWLRQ
SURFKHGHƒ& 5$    ࡱ &KDUQLqUHSDQWRJUDSKH
7RXWLQWpJUDEOH %DQGHDXGHFRPPDQGH *ULOOHGHYHQWLODWLRQ  ࡱ+7 &KDUQLqUHVjGURLWHUpYHUVLEOHV
+RPH&RQQHFW 5pJODJH(FUDQ7)7VHQVLWLI LQR[ $QJOHG
RXYHUWXUHGHSRUWHƒ
/DUJHXUGHODQLFKHFP $IILFKDJHWH[WHFODLU 3RXUDSSDUHLOODUJHXUFP SHXWrWUHEORTXpjƒ
+DXWHXUGHODQLFKHFP 3RLGVPD[GXSDQQHDXGHSRUWH
&DUDFWpULVWLTXHVWHFKQLTXHV $FFHVVRLUHVHQRSWLRQ NJ
/HSUL[FRPSUHQG 5pSDUWLWLRQG\QDPLTXHGXIURLG 5$    ࡱ
 FDVLHUjRHXIVDYHFFRXYHUFOH 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ %RvWHGHFRQVHUYDWLRQ  ࡱ+7 9DOHXUVGHUDFFRUGHPHQW
6\VWqPHGHIHUPHWXUHGHSRUWHDPRUWLH DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH 3XLVVDQFHWRWDOHDEVRUEpHN:
$FFHVVRLUHVG
LQVWDOODWLRQUHTXLV )LOWUHjDLUjFKDUERQDFWLI &kEOHGHUDFFRUGHPHQWPDYHF
5$    ࡱ 0RGH5HSRVFHUWLILp6WDU. SULVH
$FFHVVRLUH  ࡱ+7 /RUVGHO
DFWLYDWLRQGXPRGH5HSRVOD
G
LQVWDOODWLRQSRXUPRQWDJH SRUWHHWOHWLURLUGHO
DSSDUHLOSHXYHQW
6LGHE\6LGH XQLTXHPHQWrWUHRXYHUWVDYHFXQH
1
HVWSDVQpFHVVDLUHVLO
HVSDFHHQWUH SRLJQpHVLWXpHVXUO
KDELOODJHGHSRUWH
OHVDSSDUHLOVHVWVXSpULHXUjPP $ODUPHHQFDVGHSRUWHRXYHUWHRXGH
/LYUpGHVpULHDYHFOHV5)HW5: G\VIRQFWLRQQHPHQW
5$    ࡱ
)HXLOOHWKHUPLTXH9  ࡱ+7 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
1pFHVVDLUHVLODGLVWDQFHHQWUHOHV PRGH'LJLWDO +RPH&RQQHFW 
DSSDUHLOVLQVWDOOpVF{WHjF{WHHVW /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
FRPSULVHHQWUHPPHWPPDLQVL &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
TXHGDQVWRXWHVOHVFRQILJXUDWLRQV GHVVHUYLFHV+RPH&RQQHFWGDQVOH
G
LQVWDOODWLRQGDQVXQHQYLURQQHPHQW SD\VUHVSHFWLI/HVVHUYLFHV+RPH
KXPLGH &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
VRQWVpSDUpVG
DXPRLQVPP ZZZKRPHFRQQHFWFRP

$FFHVVRLUHVG
LQVWDOODWLRQ &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
5$    ࡱ SDJHVj
3RUWHLQR[  ࡱ+7 
DYHFSRLJQpH 5pIULJpUDWHXU
3RXUDSSDUHLOODUJHXUFP 6XSHU5pIULJpUDWLRQ
pSDLVVHXUKDELOODJHPP 7HPSpUDWXUHUpJODEOHGHƒ&j
5$    ࡱ ƒ&
3RUWHLQR[  ࡱ+7 WDEOHWWHVHQYHUUHGHVpFXULWpYHUUH
DYHFSRLJQpH EODQFUpJODEOHHQKDXWHXU
3RXUDSSDUHLOODUJHXUFP WLURLUEDVWRWDOHPHQWH[WUDFWLEOHDYHF
pSDLVVHXUKDELOODJHPP IDoDGHWUDQVSDUHQWH
5$    ࡱ WDEOHWWHLQWpJUpHHQYHUUHILQLWLRQ
3RUWHLQR[  ࡱ+7 VDWLQpH
DYHFSRLJQpH 6\VWqPHGHIHUPHWXUHDPRUWLH
3RXUDSSDUHLOODUJHXUFP 6SRWV/('EULOODQWVpFODLUDJHEODQF
pSDLVVHXUKDELOODJHPP FKDXGDQWLpEORXLVVHPHQWGDQVSDUWLH
UpIULJpUDWLRQHWWLURLUGHFRQJpODWLRQ
/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

&RQJpODWHXU9DULR6pULH 5$  ೦  ࡱ WDEOHWWHVHQYHUUHGHVpFXULWpYHUUH


5)  *ULOOHGHYHQWLODWLRQ  ࡱ+7 EODQFGRQWUpJODEOHVHQKDXWHXU
LQR[ LQGLYLGXHOOHPHQW
² ,QWpULHXUWRXWLQR[DYHFpOpPHQWV 3RXU5) jSDUWLUGH)' WDEOHWWHLQWpJUpHHQYHUUHILQLWLRQ
GHUDQJHPHQWHQ$OXPLQLXPPDVVLI HW5)  VDWLQpH
$QWKUDFLWH 5$  ೦  ࡱ WLURLUVDYHFIDoDGHWUDQVSDUHQWH
² (FODLUDJHEODQFFKDXGJUkFHDX[ *ULOOHGHYHQWLODWLRQ  ࡱ+7 HQWLqUHPHQWH[WUDFWLEOHV
6SRWV/('DQWLpEORXLVVHPHQW LQR[ (FODLUDJHEULOODQW6SRWV/('EODQF
² 2XYHUWXUHGHSRUWHDVVLVWpH 3RXU5) jSDUWLUGH)'HW FKDXGDQWLpEORXLVVHPHQW
)RQFWLRQ3XVKWRRSHQSRXUOHV 5) 
KDELOODJHVGHSRUWHVDQVSRLJQpH 'LVWULEXWHXUGHJODFHHWG
HDXIUDvFKH
)RQFWLRQ3XOOWRRSHQSRXU $FFHVVRLUHVHQRSWLRQ (FODLUDJH/('EODQFFKDXG
IDFLOLWHUO
RXYHUWXUHGHVSRUWHV 5$    ࡱ 6HQVRUGHGpWHFWLRQGHSUpVHQFH
G
KDELOODJHDYHFSRLJQpH )LOWUHjHDXSRXU  ࡱ+7 SRXUXQHDFWLYDWLRQDXWRPDWLTXHGH
² /HVWLURLUVGHV5&HW5)VRQWSODFpVj V\VWqPHGHILOWUDWLRQLQWpJUpH O
pFODLUDJHHWGHVWRXFKHVVHQVLWLYHVGX
ODPrPHKDXWHXU(QFDVG
LQVWDOODWLRQ DYHFLQGLFDWHXUGHVDWXUDWLRQ GLVWULEXWHXUGHJODFHHWG
HDXIUDvFKH
HQ6LGHE\6LGHOHVWDEOHWWHVHQYHUUH 3RXU5%5<5) ,QWpJUpDYHFUDFFRUGHPHQWIL[HjO
HDX
HWOHVEDOFRQQHWVGHFRQWUHSRUWH 3RXU5)   5)  )LOWUHjSDUWLFXOHVSRXUO
DUULYpHG
HDX
೦1RXYHDX SHXYHQWrWUHSODFpVDXPrPHQLYHDX jSDUWLUGH)' LQWpJUpGDQVODJULOOHGHYHQWLODWLRQ
5)  ೦  ࡱ SRXUXQDOLJQHPHQWSDUIDLW ,QGLFDWHXUGHVDWXUDWLRQGDQVO
pFUDQ
7RXWLQWpJUDEOH  ࡱ+7 ² 0DWpULDX[HWHVWKpWLTXHGH 7)7VHQVLWLI
$YHFGLVWULEXWHXUGHJODFH O
DPpQDJHPHQWLQWpULHXULGHQWLTXHV $UUrWVpSDUpGHODIDEULTXHGHJODFH
HWG
HDXIUDvFKH DX5& 3URGXFWLRQGHJODoRQVHQYLURQNJK
+RPH&RQQHFW ² EDOFRQQHWVGHFRQWUHSRUWHHQ *ODoRQVHWJODFHSLOpH
/DUJHXUGHODQLFKHFP $OXPLQLXPPDVVLI$QWKUDFLWH %DFjJODoRQVDPRYLEOHSRXUXQH
+DXWHXUGHODQLFKHFP ² pWDJqUHVHQYHUUH UpVHUYHG
HQYLURQNJ
&KDUQLqUHVjGURLWH ² &RQWUHSRUWHSODQHHQLQR[VXU 5pVHUYHG
HDXIUDvFKHOLWUH
5)  ೦  ࡱ WRXWHODVXUIDFH
7RXWLQWpJUDEOH  ࡱ+7 ² 6\VWqPHGHUDLOVSUHVTXHLQYLVLEOH &RQVRPPDWLRQV
$YHFGLVWULEXWHXUGHJODFH SRXUXQSRVLWLRQQHPPHQWIOH[LEOH &ODVVHG
HIILFDFLWppQHUJpWLTXH)VXU
HWG
HDXIUDvFKH GHVpWDJqUHVHWEDOFRQQHWVGHOD XQHpFKHOOHGH$j*
+RPH&RQQHFW FRQWUHSRUWH &RQVRPPDWLRQG
pQHUJLHN:KDQ
/DUJHXUGHODQLFKHFP ² )DEULTXHGHJODFHLQWpJUpHDYHF 1LYHDXVRQRUH'% UHS: 
+DXWHXUGHODQLFKHFP UDFFRUGHPHQWGLUHFWjO
HDX
&KDUQLqUHjJDXFKH ² 6HQVRUGHGpWHFWLRQGHSUpVHQFH &RQVHLOVG
LQVWDOODWLRQ
GDQVOHGLVWULEXWHXUGHJODFHHW &KDUQLqUHSDQWRJUDSKH
/HSUL[FRPSUHQG G
HDXIUDvFKH $QJOHG
RXYHUWXUHGHSRUWHƒ
 SHOOHjJODoRQV ² 'LVWULEXWHXUGHJODoRQVJODFHSLOpH SHXWrWUHEORTXpjƒ
 5$ HWG
HDXIUDvFKHpFODLUp /RUVGHO
LQVWDOODWLRQGHO
DSSDUHLODYHFXQ
$FFHVVRLUHG
LQVWDOODWLRQSRXU ² (FUDQ7)7VHQVLWLI DQJOHG
RXYHUWXUHGHSRUWHEORTXpjƒ
PRQWDJH6LGHE\6LGH ² 9ROXPHQHWWRWDOOLWUHV SDVGHSRVVLELOLWpGHVRUWLHWRWDOHGHVWLURLUV
3RLGVPD[GXSDQQHDXGHSRUWHNJ
$FFHVVRLUHVG
LQVWDOODWLRQUHTXLV %DQGHDXGHFRPPDQGH 9DQQHG
DUUrWGXUDFFRUGHPHQWjO
HDX
5$    ࡱ 5pJODJH(FUDQ7)7VHQVLWLI GRLWrWUHSODFpHjF{WpGHO
DSSDUHLOHW
)HXLOOHWKHUPLTXH9  ࡱ+7 $IILFKDJHWH[WHFODLU UHVWHUDFFHVVLEOH
1pFHVVDLUHVLODGLVWDQFHHQWUHOHV 7RXFKHVVHQVLWLYHVSRXUXWLOLVDWLRQGX 6LODSUHVVLRQGHO
HDXHVWVXSpULHXUHj
DSSDUHLOVLQVWDOOpVF{WHjF{WHHVW GLVWULEXWHXUGHJODFHHWG
HDXIUDvFKH 03D EDU LQVWDOOHUXQHVRXSDSH
FRPSULVHHQWUHPPHWPPDLQVL GHOLPLWDWLRQGHSUHVVLRQHQWUHOH
TXHGDQVWRXWHVOHVFRQILJXUDWLRQV &DUDFWpULVWLTXHVWHFKQLTXHV URELQHWG
DUULYpHG
HDXHWOHWX\DX
G
LQVWDOODWLRQGDQVXQHQYLURQQHPHQW 5pSDUWLWLRQG\QDPLTXHGXIURLG
KXPLGH 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ 9DOHXUVGHUDFFRUGHPHQW
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV 6\VWqPHGHIHUPHWXUHGHSRUWHDPRUWLH 3XLVVDQFHWRWDOHDEVRUEpHN:
VRQWVpSDUpVG
DXPRLQVPP 0RGH5HSRVFHUWLILp6WDU. &kEOHGHUDFFRUGHPHQWPDYHFSULVH
/RUVGHO
DFWLYDWLRQGXPRGH5HSRVOD 5DFFRUGHPHQWjO
HDX
$FFHVVRLUHVG
LQVWDOODWLRQ SRUWHHWOHWLURLUGHO
DSSDUHLOSHXYHQW 7X\DXG
DUULYpHG
HDXPDYHF
5$    ࡱ XQLTXHPHQWrWUHRXYHUWVDYHFXQH FRQQH[LRQ
3RUWHLQR[  ࡱ+7 SRLJQpHVLWXpHVXUO
KDELOODJHGHSRUWH 3UHVVLRQG
HDXGHj%DU
DYHFSRLJQpH $ODUPHHQFDVGHSRUWHRXYHUWHRXGH
3RXUDSSDUHLOODUJHXUFP G\VIRQFWLRQQHPHQW
pSDLVVHXUKDELOODJHPP
5$    ࡱ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
%DJXHWWHVODWpUDOHVGH  ࡱ+7 PRGH'LJLWDO +RPH&RQQHFW 
UHFRXYUHPHQWORQJXHV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
5$    ࡱ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
3RLJQpHORQJXHLQR[  ࡱ+7 GHVVHUYLFHV+RPH&RQQHFWGDQVOH
$YHFIL[DWLRQVORQJXHXUPP SD\VUHVSHFWLI/HVVHUYLFHV+RPH
LQWHUYDOOHGHSHUoDJHPP &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
5$    ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
3RUWHHQLQR[  ࡱ+7 ZZZKRPHFRQQHFWFRP
VDQVSRLJQpH 
3RXU5)pSDLVVHXUKDELOODJH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
PP SDJHVj
5$    ࡱ
%DJXHWWHGH  ࡱ+7 &RQJpODWHXU
FRQQH[LRQYHUWLFDOHSRXUSDQQHDX[ 7HFKQRORJLH1R)URVWDYHF6XSHU
G
KDELOODJH SRXUXQHV\PpWULHYLVXHOOH &RQJpODWLRQMXVTX
jƒ&
SDUIDLWH  7HPSpUDWXUHUpJODEOHGHƒ&jƒ&
&RPSDUWLPHQWFRQJpODWHXUpWRLOHV
&DSDFLWpGHFRQJpODWLRQNJHQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHVVXUXQHIHQWHGHPP
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQJpODWHXU9DULR6pULH 5$    ࡱ WLURLUVDYHFIDoDGHWUDQVSDUHQWH
5) 5) 5)  3RUWHHQLQR[  ࡱ+7 HQWLqUHPHQWH[WUDFWLEOHV
VDQVSRLJQpH (FODLUDJHEULOODQW6SRWV/('EODQF
² ,QWpULHXUWRXWLQR[DYHFpOpPHQWV 3RXUDSSDUHLOODUJHXUFP FKDXGDQWLpEORXLVVHPHQW
GHUDQJHPHQWHQ$OXPLQLXPPDVVLI pSDLVVHXUKDELOODJHPP &RQWUHSRUWHSODQHHQLQR[
$QWKUDFLWH 5$    ࡱ DYHFV\VWqPHGHUDLOVSRXUXQ
² (FODLUDJHEODQFFKDXGJUkFHDX[ 3RUWHHQLQR[  ࡱ+7 SRVLWLRQQHPHQWWRWDOHPHQWIOH[LEOHGHV
6SRWV/('DQWLpEORXLVVHPHQW VDQVSRLJQpH EDOFRQQHWVGHFRQWUHSRUWH
² 2XYHUWXUHGHSRUWHDVVLVWpH 3RXUDSSDUHLOODUJHXUFP EDOFRQQHWVGHFRQWUHSRUWHUpJODEOHV
)RQFWLRQ3XVKWRRSHQSRXUOHV pSDLVVHXUKDELOODJHPP HQKDXWHXU
KDELOODJHVGHSRUWHVDQVSRLJQpH 5$    ࡱ
)RQFWLRQ3XOOWRRSHQSRXU 3RUWHHQLQR[  ࡱ+7 )DEULTXHGHJODFH
IDFLOLWHUO
RXYHUWXUHGHVSRUWHV VDQVSRLJQpH ,QWpJUpHGDQVOHFRPSDUWLPHQW
G
KDELOODJHDYHFSRLJQpH 3RXUDSSDUHLOODUJHXUFP FRQJpODWHXUUDFFRUGHPHQWGLUHFWjO
HDX
² /HVWLURLUVGHV5&HW5)VRQW pSDLVVHXUKDELOODJHPP )LOWUHjSDUWLFXOHVSRXUO
DUULYpHG
HDX
SODFpVjODPrPHKDXWHXU(QFDV 5$    ࡱ LQWpJUpGDQVODJULOOHGHYHQWLODWLRQ
G
LQVWDOODWLRQHQ6LGHE\6LGHOHV %DJXHWWHGH  ࡱ+7 ,QGLFDWHXUGHVDWXUDWLRQGDQVO
pFUDQ
WDEOHWWHVHQYHUUHHWOHVEDOFRQQHWV FRQQH[LRQYHUWLFDOHSRXUSDQQHDX[ 7)7VHQVLWLI
೦1RXYHDX GHFRQWUHSRUWHSHXYHQWrWUHSODFpV G
KDELOODJH SRXUXQHV\PpWULHYLVXHOOH $UUrWVpSDUpGHODIDEULTXHGHJODFH
5)  ೦  ࡱ DXPrPHQLYHDXSRXUXQDOLJQHPHQW SDUIDLWH  3URGXFWLRQGHJODoRQVHQYLURQ
7RXWLQWpJUDEOH  ࡱ+7 SDUIDLW 5$  ೦  ࡱ NJHQK
$YHFIDEULTXHGHJODoRQV ² 0DWpULDX[HWHVWKpWLTXHGH *ULOOHGHYHQWLODWLRQ  ࡱ+7 %DFjJODoRQVDPRYLEOHSRXUXQH
+RPH&RQQHFW O
DPpQDJHPHQWLQWpULHXULGHQWLTXHV LQR[ UpVHUYHG
HQYLURQNJ
/DUJHXUGHODQLFKHFP DX5& 3RXU5) jSDUWLUGH)'
+DXWHXUGHODQLFKHFP ² EDOFRQQHWVGHFRQWUHSRUWHHQ HWSRXU5)  &RQVRPPDWLRQV
5)  ೦  ࡱ $OXPLQLXPPDVVLI$QWKUDFLWH 5$  ೦  ࡱ &ODVVHG
HIILFDFLWppQHUJpWLTXH)SRXU
7RXWLQWpJUDEOH  ࡱ+7 ² pWDJqUHVHQYHUUH *ULOOHGHYHQWLODWLRQ  ࡱ+7 XQHFODVVLILFDWLRQGH$j*
$YHFIDEULTXHGHJODoRQV ² &RQWUHSRUWHSODQHHQLQR[VXU LQR[ &RQVRPPDWLRQG
pQHUJLH
+RPH&RQQHFW WRXWHODVXUIDFH 3RXU5) jSDUWLUGH)'HW N:KDQ
/DUJHXUGHODQLFKHFP ² 6\VWqPHGHUDLOVSUHVTXHLQYLVLEOH SRXU5)  1LYHDXVRQRUHG% UHS: 
+DXWHXUGHODQLFKHFP SRXUXQSRVLWLRQQHPPHQWIOH[LEOH 5$  ೦  ࡱ
5)  ೦  ࡱ GHVpWDJqUHVHWEDOFRQQHWVGHOD *ULOOHGHYHQWLODWLRQ  ࡱ+7 &RQVHLOVG
LQVWDOODWLRQ
7RXWLQWpJUDEOH  ࡱ+7 FRQWUHSRUWH LQR[ &KDUQLqUHSDQWRJUDSKH
$YHFIDEULTXHGHJODoRQV ² )DEULTXHGHJODFHLQWpJUpHDYHF 3RXU5) jSDUWLUGH)'HW &KDUQLqUHVjJDXFKHUpYHUVLEOHV
+RPH&RQQHFW UDFFRUGHPHQWGLUHFWjO
HDX SRXU5)  $QJOHG
RXYHUWXUHGHSRUWHƒ
/DUJHXUGHODQLFKHFP ² (FUDQ7)7VHQVLWLI SHXWrWUHEORTXpjƒ
+DXWHXUGHODQLFKHFP ² 9ROXPHXWLOHWRWDOOLWUHV $FFHVVRLUHVHQRSWLRQ /RUVG
XQHLQWpJUDWLRQGHO
DSSDUHLO
5$    ࡱ DYHFXQDQJOHG
RXYHUWXUHGHSRUWH
/HSUL[FRPSUHQG %DQGHDXGHFRPPDQGH )LOWUHjHDXSRXU  ࡱ+7 EORTXpjƒO
DFFqVDX[WLURLUVHVW
 SHOOHjJODoRQV 5pJODJH(FUDQ7)7VHQVLWLI V\VWqPHGHILOWUDWLRQLQWpJUpH UHVWUHLQWHWLOHVWQpFHVVDLUHGH
 5$ $IILFKDJHWH[WHFODLU DYHFLQGLFDWHXUGHVDWXUDWLRQ UHPSODFHUOHEDFjJODoRQVOLYUpGH
$FFHVVRLUHG
LQVWDOODWLRQSRXU 3RXU5%5<5) VpULHSDUXQPRGqOHGHEDFjJODoRQV
PRQWDJH6LGHE\6LGH &DUDFWpULVWLTXHVWHFKQLTXHV 3RXU5)   5)  SOXVSHWLW 5$ /HUHPSODFH
5pSDUWLWLRQG\QDPLTXHGXIURLG jSDUWLUGH)' PHQWGRLWrWUHHIIHFWXpDYDQWOH
$FFHVVRLUHVG
LQVWDOODWLRQUHTXLV 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ EORFDJHGHODSRUWHjƒ
5$    ࡱ 6\VWqPHGHIHUPHWXUHGHSRUWHDPRUWLH 3RLGVPD[GXSDQQHDXGHSRUWHNJ
)HXLOOHWKHUPLTXH9  ࡱ+7 0RGH5HSRVFHUWLILp6WDU. 9DQQHG
DUUrWGXUDFFRUGHPHQWjO
HDX
1pFHVVDLUHVLODGLVWDQFHHQWUHOHV /RUVGHO
DFWLYDWLRQGXPRGH5HSRVOD GRLWrWUHSODFpHjF{WpGHO
DSSDUHLOHW
DSSDUHLOVLQVWDOOpVF{WHjF{WHHVW SRUWHHWOHWLURLUGHO
DSSDUHLOSHXYHQW UHVWHUDFFHVVLEOH
FRPSULVHHQWUHPPHWPPDLQVL XQLTXHPHQWrWUHRXYHUWVDYHFXQH 6LODSUHVVLRQGHO
HDXHVWVXSpULHXUHj
TXHGDQVWRXWHVOHVFRQILJXUDWLRQV SRLJQpHVLWXpHVXUO
KDELOODJHGHSRUWH 03D EDU LQVWDOOHUXQHVRXSDSH
G
LQVWDOODWLRQGDQVXQHQYLURQQHPHQW $ODUPHHQFDVGHSRUWHRXYHUWHRXGH GHOLPLWDWLRQGHSUHVVLRQHQWUHOH
KXPLGH G\VIRQFWLRQQHPHQW URELQHWG
DUULYpHG
HDXHWOHWX\DX
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV
VRQWVpSDUpVG
DXPRLQVPP 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 9DOHXUVGHUDFFRUGHPHQW
PRGH'LJLWDO +RPH&RQQHFW  3XLVVDQFHWRWDOHDEVRUEpHN:
$FFHVVRLUHVG
LQVWDOODWLRQ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH &kEOHGHUDFFRUGHPHQWPDYHFSULVH
5$    ࡱ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp 5DFFRUGHPHQWjO
HDX
3RUWHLQR[  ࡱ+7 GHVVHUYLFHV+RPH&RQQHFWGDQVOH 7X\DXG
DUULYpHG
HDXPDYHF
DYHFSRLJQpH SD\VUHVSHFWLI/HVVHUYLFHV+RPH FRQQH[LRQ
3RXUDSSDUHLOODUJHXUFP &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV 3UHVVLRQG
HDXGHj%DU
pSDLVVHXUKDELOODJHPP WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
5$    ࡱ ZZZKRPHFRQQHFWFRP
3RUWHLQR[  ࡱ+7 
DYHFSRLJQpH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
3RXUDSSDUHLOODUJHXUFP SDJHVj
pSDLVVHXUKDELOODJHPP
5$    ࡱ &RQJpODWHXU
3RUWHLQR[  ࡱ+7 7HFKQRORJLH1R)URVWDYHF6XSHU
DYHFSRLJQpH &RQJpODWLRQMXVTX
jƒ&
3RXUDSSDUHLOODUJHXUFP 7HPSpUDWXUHUpJODEOHGHƒ&jƒ&
pSDLVVHXUKDELOODJHPP &RPSDUWLPHQWFRQJpODWHXUpWRLOHV
5$    ࡱ &DSDFLWpGHFRQJpODWLRQNJ
%DJXHWWHVODWpUDOHVGH  ࡱ+7 HQK
UHFRXYUHPHQWORQJXHV $XWRQRPLHGHKHQFDVGH
5$    ࡱ FRXSXUHGHFRXUDQW
3RLJQpHORQJXHLQR[  ࡱ+7 WDEOHWWHVHQYHUUHGHVpFXULWpYHUUH
$YHFIL[DWLRQVORQJXHXUPP EODQFGRQWUpJODEOHVHQKDXWHXU
LQWHUYDOOHGHSHUoDJHPP LQGLYLGXHOOHPHQW


 /HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJH
 VRQWEDVpHVVXUXQHIHQWHGHPP
 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

Appareils de froid 313

Congélateur Vario Série 400 Contre-porte plane en inox


RF 410 avec système de rails pour un
positionnement totalement flexible des
– Intérieur tout inox avec éléments balconnets de contre-porte.
de rangement en Aluminium massif 4 balconnets de contre-porte réglables
Anthracite en hauteur.
– Eclairage blanc chaud grâce aux
Spots LED anti-éblouissement Consommations
– Ouverture de porte assistée: Classe d'efficacité énergétique E sur
1.Fonction Push-to-open pour les une échelle de A à G.
habillages de porte sans poignée Consommation d'énergie 246 kWh/an.
2. Fonction Pull-to-open pour Niveau sonore 42 dB (re 1 pW).
faciliter l'ouverture des portes
d'habillage avec poignée. Conseils d'installation
– Les tiroirs des RC et RF sont Charnière pantographe.
placés à la même hauteur. En cas Charnières à gauche, réversibles.
d'installation en Side-by-Side, les Angle d'ouverture de porte 115°, peut
tablettes en verre et les balconnets être bloqué à 90°.
de contre-porte peuvent être placés Lors de l'installation de l'appareil avec
RF 410 304  7.180 € au même niveau pour un alignement un angle d'ouverture de porte bloqué à
Tout intégrable (5.983,33 € HT) parfait. 90°, pas de possibilité de sortie totale
Home Connect – Matériaux et esthétique de des tiroirs.
Largeur de la niche 45.7 cm, l'aménagement intérieur identiques Poids max. du panneau de porte 59 kg.
Hauteur de la niche 213.4 cm au RC
– balconnets de contre-porte en Valeurs de raccordement
Le prix comprend Aluminium massif Anthracite Puissance totale absorbée : 0,300 kW.
1 RA 460 000 – étagères en verre Câble de raccordement 3,0 m avec
Accessoire d'installation pour – Contre-porte plane en inox, sur prise.
montage "Side-by-Side" toute la surface
– Système de rails presque invisible,
Accessoires d'installation requis pour un positionnemment flexible
RA 460 013  360 € des étagères et balconnets de la
Feuille thermique 230V. (300,00 € HT) contre-porte
Nécessaire si la distance entre les – Ecran TFT sensitif
appareils installés côte à côte est – Volume net total 240 litres
comprise entre 16 mm et 160 mm, ainsi
que dans toutes les configurations Bandeau de commande
d'installation dans un environnement Réglage Ecran TFT sensitif.
humide. Affichage texte clair.
N'est pas nécessaire si les appareils
sont séparés d'au moins 160 mm. Caractéristiques techniques
Répartition dynamique du froid.
Accessoires d'installation Dégivrage automatique par évaporation.
RA 421 110  635 € Système de fermeture de porte amortie.
Porte inox (529,17 € HT) Mode Repos, certifié Star-K.
avec poignée Lors de l'activation du mode Repos, la
Pour appareil largeur 45,7 cm, porte et le tiroir de l'appareil peuvent
épaisseur habillage 19 mm. uniquement être ouverts avec une
RA 423 140  43 € poignée située sur l'habillage de porte.
Baguettes latérales de (35,83 € HT) Alarme en cas de porte ouverte ou de
recouvrement, longues. dysfonctionnement.
RA 425 110  180 €
Poignée longue, inox (150,00 € HT) Module WiFi intégré pour les services
Avec 3 fixations, longueur 1131 mm, mode Digital (Home Connect).
intervalle de perçage 554 mm. La disponibilité de la fonction Home
RA 428 110  625 € Connect dépend de la fonctionnalité
Porte en inox, (520,83 € HT) des services Home Connect dans le
sans poignée. pays respectif. Les services Home
Pour appareil largeur 45,7 cm, Connect ne sont pas disponibles dans
épaisseur habillage 19 mm. tous les pays. Plus d'informations sur:
RA 460 020  127 € www.home-connect.com.
Baguette de (105,83 € HT)
connexion verticale pour 2 panneaux Conseils d'installation complémentaires
d'habillage (pour une symétrie visuelle pages 318 à 325.
parfaite).
RA 464 111  200 € Congélateur
Grille de ventilation (166,67 € HT) Technologie No-Frost avec Super
inox Congélation jusqu'à -30°C.
Pour appareil largeur 45,7 cm. Température réglable de -16°C à -24°C.
Compartiment congélateur 4 étoiles.
Capacité de congélation 16 kg en 24 h.
Autonomie de 6 h en cas de coupure
de courant.
4 tablettes en verre de sécurité, verre
blanc, dont 4 réglables en hauteur
individuellement.
2 tiroirs avec façade transparente
entièrement extractibles.
Eclairage brillant Spots LED blanc
chaud, anti-éblouissement.

Les dimensions maximales du panneau d'habillage sont basées


sur une fente de 3 mm.
Les prix des produits s’entendent hors Eco-participation cf page 405
&DYHjYLQ9DULR6pULH 5$    ࡱ VFpQDULRVG
pFODLUDJHGLIIpUHQWV
5: 3RUWHHQLQR[  ࡱ+7 SRXUXQHSUpVHQWDWLRQLQGLYLGXHOOHGHV
VDQVSRLJQpH ERXWHLOOHVGHYLQ
² 7URLV]RQHVGHFOLPDWLVDWLRQDYHF 3RXUDSSDUHLOODUJHXUFP 9ROXPHQHWOLWUHV
FRQWU{OHVpSDUp pSDLVVHXUKDELOODJHPP 
² 7HPSpUDWXUHFRQVWDQWHDYHF 5$    ࡱ &RQVRPPDWLRQV
UpJODJHSUpFLVGHƒ&jƒ& &DGUHGHSRUWHLQR[  ࡱ+7 &ODVVHG
HIILFDFLWppQHUJpWLTXH*)
² 7DX[G
KXPLGLWpUpJODEOH VDQVSRLJQpH VXUXQHpFKHOOHGH$j*
² ,QWpULHXULQR[ 3RXUDSSDUHLOODUJHXUFP &RQVRPPDWLRQG
pQHUJLH
² &OD\HWWHVjERXWHLOOHVHQFKrQH pSDLVVHXUKDELOODJHPP N:KDQ
HWDOXPLQLXPPDVVLI$QWKUDFLWH 5$    ࡱ 1LYHDXVRQRUH'% UHS: 
WRWDOHPHQWH[WUDFWLEOHV %DJXHWWHGH  ࡱ+7
² 5DLOVWpOHVFRSLTXHVGHVFOD\HWWHV FRQQH[LRQYHUWLFDOHSRXUSDQQHDX[ &RQVHLOVG
LQVWDOODWLRQ
jERXWHLOOHVQRQYLVLEOHV G
KDELOODJH SRXUXQHV\PpWULHYLVXHOOH &KDUQLqUHSDQWRJUDSKH
² (FODLUDJHEODQFFKDXGJUkFHDX[ SDUIDLWH  &KDUQLqUHVjGURLWHUpYHUVLEOHV
² 6SRWV/('DQWLpEORXLVVHPHQW 5$    ࡱ $QJOHG
RXYHUWXUHGHSRUWHƒ
² VFpQDULRVG
pFODLUDJHSUpUpJOpV *ULOOHGHYHQWLODWLRQ  ࡱ+7 SHXWrWUHEORTXpjƒ
jVpOHFWLRQQHUYLDO
pFUDQ7)7 LQR[ 3RLGVPD[GXSDQQHDXGHSRUWHNJ
² 2XYHUWXUHGHSRUWHDVVLVWpH 3RXUDSSDUHLOODUJHXUFP /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
)RQFWLRQ3XVKWRRSHQSRXUOHV ODQLFKH
KDELOODJHVGHSRUWHVDQVSRLJQpH $FFHVVRLUHVHQRSWLRQ 3DVGHWUDQVSRUWXWLOLVDWLRQDXGHOjGH
೦1RXYHDX )RQFWLRQ3XOOWRRSHQSRXU 5$    ࡱ PG
DOWLWXGH
5:  ೦  ࡱ IDFLOLWHUO
RXYHUWXUHGHVSRUWHV &DFKHVGH  ࡱ+7
7RXWLQWpJUDEOH  ࡱ+7 G
KDELOODJHDYHFSRLJQpH UHFRXYUHPHQWSRXUHPSODFHPHQWV 9DOHXUVGHUDFFRUGHPHQW
+RPH&RQQHFW ² &RQGLWLRQVGHVWRFNDJHjWUqV GHYLVSLqFHV 3XLVVDQFHWRWDOHDEVRUEpHN:
3RUWHYLWUpH IDLEOHVYLEUDWLRQV 5$    ࡱ &kEOHGHUDFFRUGHPHQWPDYHF
/DUJHXUGHODQLFKHFP ² (FUDQ7)7VHQVLWLI &OD\HWWHjERXWHLOOHV  ࡱ+7 SULVH
+DXWHXUGHODQLFKHFP ² &DSDFLWpERXWHLOOHV HQWLqUHPHQWH[WUDFWLEOHDYHFUDLOV
5:  ೦  ࡱ WpOHVFRSLTXHVPDVTXpVHQFKrQHHW
7RXWLQWpJUDEOH  ࡱ+7 %DQGHDXGHFRPPDQGH DOXPLQLXPPDVVLI$QWKUDFLWH
+RPH&RQQHFW 5pJODJH(FUDQ7)7VHQVLWLI 3RXUDSSDUHLOODUJHXUFP
3RUWHSOHLQH $IILFKDJHWH[WHFODLU 5$    ࡱ
/DUJHXUGHODQLFKHFP 3ODWHDXpWDJqUH  ࡱ+7
+DXWHXUGHODQLFKHFP &DUDFWpULVWLTXHVWHFKQLTXHV DPRYLEOHDYHFFDGUHHQFKrQH
&DUDFWpULVWLTXHVWHFKQLTXHV 3RXUOHVFDUDIHVGpFDQWHXUVHW
/HSUL[FRPSUHQG 5pSDUWLWLRQG\QDPLTXHGXIURLG ERXWHLOOHVRXYHUWHV
 SHOOHjJODoRQV 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ 3RXUDSSDUHLOODUJHXUFP
 5$ 6\VWqPHGHIHUPHWXUHGHSRUWHDPRUWLH 5$    ࡱ
$FFHVVRLUHG
LQVWDOODWLRQSRXU )LOWUHjDLUjFKDUERQDFWLI 3UpVHQWRLUHQFKrQHHW ࡱ+7
PRQWDJH6LGHE\6LGH 3URWHFWLRQDQWL89 DOXPLQLXPPDVVLI$QWKUDFLWHSRXUOD
0RGH5HSRVFHUWLILp6WDU. SUpVHQWDWLRQG
XQHERXWHLOOH
$FFHVVRLUHVG
LQVWDOODWLRQUHTXLV /RUVGHO
DFWLYDWLRQGXPRGH5HSRVOD LQGLYLGXHOOH
5$    ࡱ SRUWHHWOHWLURLUGHO
DSSDUHLOSHXYHQW SLqFH
)HXLOOHWKHUPLTXH9 ࡱ+7 XQLTXHPHQWrWUHRXYHUWVDYHFXQH 5$    ࡱ
1pFHVVDLUHSRXUOHVFRPELQDLVRQV SRLJQpHVLWXpHVXUO
KDELOODJHGHSRUWH 6XSSRUWHQFKrQH  ࡱ+7
G
DSSDUHLOVLQVWDOOpVVpSDUpPHQWDYHF $ODUPHHQFDVGHSRUWHRXYHUWHRXGH SRXUUDQJHPHQWGHERXWHLOOHVVXU
XQHGLVWDQFHFRPSULVHHQWUHPPHW G\VIRQFWLRQQHPHQW pWDJqUHGHVpSDUDWLRQGHV
PPRXGDQVWRXWHVOHV FRPSDUWLPHQWV
FRQILJXUDWLRQVG
LQVWDOODWLRQGDQVXQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 3RXUDSSDUHLOVODUJHXUFP
HQYLURQQHPHQWKXPLGH PRGH'LJLWDO +RPH&RQQHFW  
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV 6FpQDULRVG
pFODLUDJHHWUpJODJHGHV 
VRQWVpSDUpVG
DXPRLQVPP WHPSpUDWXUHVYLH+RPH&RQQHFW 
 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
$FFHVVRLUHVG
LQVWDOODWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
5$    ࡱ GHVVHUYLFHV+RPH&RQQHFWGDQVOH
6HUUXUHSRXU5:  ࡱ+7 SD\VUHVSHFWLI/HVVHUYLFHV+RPH
HW5: &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
5$    ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
3RUWHLQR[  ࡱ+7 ZZZKRPHFRQQHFWFRP
DYHFSRLJQpH
3RXUDSSDUHLOODUJHXUFP &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
pSDLVVHXUKDELOODJHPP SDJHVj
5$    ࡱ 
&DGUHGHSRUWHLQR[  ࡱ+7 &DUDFWpULVWLTXHV
DYHFSRLJQpH &DSDFLWpERXWHLOOHV ERXWHLOOHV
3RXUDSSDUHLOODUJHXUFPFKDUQLqUHV VWDQGDUGGH/ 
jJDXFKHpSDLVVHXUKDELOODJHPP FOD\HWWHVjERXWHLOOHVWRWDOHPHQW
5$    ࡱ H[WUDFWLEOHVSRXUOHVWRFNDJHGHV
&DGUHGHSRUWHLQR[  ࡱ+7 ERXWHLOOHV0DJQXP
DYHFSRLJQpH $PpQDJHPHQWLQWpULHXUIOH[LEOHSDUOH
3RXUDSSDUHLOODUJHXUFPFKDUQLqUHV UDMRXWRXOHUHWUDLWGHFOD\HWWHVSRXU
jGURLWHpSDLVVHXUKDELOODJHPP ERXWHLOOHVWRWDOHPHQWH[WUDFWLEOHV
5$    ࡱ 'DQVXQHFRQILJXUDWLRQVWDQGDUG
%DJXHWWHVODWpUDOHV  ࡱ+7 FOD\HWWHVjERXWHLOOHV 
GHUHFRXYUHPHQWORQJXHV ERXWHLOOHV0DJQXPSHXYHQWrWUH
5$    ࡱ VWRFNpHVDXPD[LPXP
3RLJQpHORQJXHLQR[  ࡱ+7 0D[LPXPGHFOD\HWWHVjERXWHLOOHV
$YHFIL[DWLRQVORQJXHXUPP SRXUO
DPpQDJHPHQWLQWpULHXU
LQWHUYDOOHGHSHUoDJHPP (FODLUDJHEULOODQW6SRWV/('
DQWLpEORXLVVHPHQWEODQFFKDXGGDQV
FKDTXH]RQH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

5DQJHPHQWGHVERXWHLOOHV

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP
&DYHjYLQ9DULR6pULH 5$    ࡱ VFpQDULRVG
pFODLUDJHGLIIpUHQWV
5: 3RLJQpHORQJXHLQR[  ࡱ+7 SRXUXQHSUpVHQWDWLRQLQGLYLGXHOOHGHV
$YHFIL[DWLRQVORQJXHXUPP ERXWHLOOHVGHYLQ
² ]RQHVGHFOLPDWLVDWLRQDYHF LQWHUYDOOHGHSHUoDJHPP 9ROXPHQHWOLWUHV
FRQWU{OHVpSDUp 5$    ࡱ 
² 7HPSpUDWXUHFRQVWDQWHDYHF 3RUWHHQLQR[VDQV  ࡱ+7 &RQVRPPDWLRQV
UpJODJHSUpFLVGHƒ&jƒ& SRLJQpH &ODVVHG
HIILFDFLWppQHUJpWLTXH*)
² 7DX[G
KXPLGLWpUpJODEOH 3RXUDSSDUHLOODUJHXUFP VXUXQHpFKHOOHGH$j*
² ,QWpULHXULQR[ pSDLVVHXUKDELOODJHPP &RQVRPPDWLRQG
pQHUJLH
² &OD\HWWHVjERXWHLOOHVHQFKrQH 5$    ࡱ N:KDQ
HWDOXPLQLXPPDVVLI$QWKUDFLWH &DGUHGHSRUWHLQR[  ࡱ+7 1LYHDXVRQRUH'% UHS: 
WRWDOHPHQWH[WUDFWLEOHV VDQVSRLJQpH 
² 5DLOVWpOHVFRSLTXHVGHVFOD\HWWHV 3RXUDSSDUHLOODUJHXUFP &RQVHLOVG
LQVWDOODWLRQ
jERXWHLOOHVQRQYLVLEOHV pSDLVVHXUKDELOODJHPP &KDUQLqUHSDQWRJUDSKH
² (FODLUDJHEODQFFKDXGJUkFHDX[ 5$    ࡱ &KDUQLqUHVjGURLWHUpYHUVLEOHV
² 6SRWV/('DQWLpEORXLVVHPHQW %DJXHWWHGH  ࡱ+7 $QJOHG
RXYHUWXUHGHSRUWHƒSHXW
² VFpQDULRVG
pFODLUDJHSUpUpJOpV FRQQH[LRQYHUWLFDOHSRXUSDQQHDX[ rWUHEORTXpjƒ
jVpOHFWLRQQHUYLDO
pFUDQ7)7 G
KDELOODJH SRXUXQHV\PpWULHYLVXHOOH 3RLGVPD[GXSDQQHDXGHSRUWHNJ
² 2XYHUWXUHGHSRUWHDVVLVWpH SDUIDLWH  /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
)RQFWLRQ3XVKWRRSHQSRXUOHV 5$    ࡱ ODQLFKH
೦1RXYHDX KDELOODJHVGHSRUWHVDQVSRLJQpH *ULOOHGHYHQWLODWLRQ  ࡱ+7 3DVGHWUDQVSRUWXWLOLVDWLRQDXGHOjGH
5:  ೦  ࡱ )RQFWLRQ3XOOWRRSHQSRXU LQR[ PG
DOWLWXGH
7RXWLQWpJUDEOH  ࡱ+7 IDFLOLWHUO
RXYHUWXUHGHVSRUWHV 3RXUDSSDUHLOODUJHXUFP
+RPH&RQQHFW G
KDELOODJHDYHFSRLJQpH 9DOHXUVGHUDFFRUGHPHQW
3RUWHYLWUpH ² &RQGLWLRQVGHVWRFNDJHjWUqV $FFHVVRLUHVHQRSWLRQ 3XLVVDQFHWRWDOHDEVRUEpHN:
/DUJHXUGHODQLFKHFP IDLEOHVYLEUDWLRQV 5$    ࡱ &kEOHGHUDFFRUGHPHQWPDYHF
+DXWHXUGHODQLFKHFP ² (FUDQ7)7VHQVLWLI &DFKHVGH  ࡱ+7 SULVH
5:  ೦  ࡱ ² &DSDFLWpERXWHLOOHV UHFRXYUHPHQWSRXUHPSODFHPHQWV
7RXWLQWpJUDEOH  ࡱ+7 GHYLVSLqFHV
+RPH&RQQHFW %DQGHDXGHFRPPDQGH 5$    ࡱ
3RUWHSOHLQH 5pJODJH(FUDQ7)7VHQVLWLI &OD\HWWHjERXWHLOOHV  ࡱ+7
/DUJHXUGHODQLFKHFP $IILFKDJHWH[WHFODLU HQWLqUHPHQWH[WUDFWLEOHDYHFUDLOV
+DXWHXUGHODQLFKHFP WpOHVFRSLTXHVPDVTXpVHQFKrQHHW
&DUDFWpULVWLTXHVWHFKQLTXHV DOXPLQLXPPDVVLI$QWKUDFLWH
/HSUL[FRPSUHQG 5pSDUWLWLRQG\QDPLTXHGXIURLG 3RXUDSSDUHLOODUJHXUFP
 SHOOHjJODoRQV 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ 5$    ࡱ
 5$ 6\VWqPHGHIHUPHWXUHGHSRUWHDPRUWLH 3ODWHDXpWDJqUH  ࡱ+7
$FFHVVRLUHG
LQVWDOODWLRQSRXU )LOWUHjDLUjFKDUERQDFWLI DPRYLEOHDYHFFDGUHHQFKrQH
PRQWDJH6LGHE\6LGH 3URWHFWLRQDQWL89 3RXUOHVFDUDIHVGpFDQWHXUVHW
0RGH5HSRVFHUWLILp6WDU. ERXWHLOOHVRXYHUWHV
$FFHVVRLUHVG
LQVWDOODWLRQUHTXLV /RUVGHO
DFWLYDWLRQGXPRGH5HSRVOD 3RXUDSSDUHLOODUJHXUFP
5$    ࡱ SRUWHHWOHWLURLUGHO
DSSDUHLOSHXYHQW 5$    ࡱ
)HXLOOHWKHUPLTXH9 ࡱ+7 XQLTXHPHQWrWUHRXYHUWVDYHFXQH 3UpVHQWRLUHQFKrQHHW ࡱ+7
1pFHVVDLUHSRXUOHVFRPELQDLVRQV SRLJQpHVLWXpHVXUO
KDELOODJHGHSRUWH DOXPLQLXPPDVVLI$QWKUDFLWHSRXUOD
G
DSSDUHLOVLQVWDOOpVVpSDUpPHQWDYHF $ODUPHHQFDVGHSRUWHRXYHUWHRXGH SUpVHQWDWLRQG
XQHERXWHLOOH
XQHGLVWDQFHFRPSULVHHQWUHPPHW G\VIRQFWLRQQHPHQW LQGLYLGXHOOHSLqFH
PPRXGDQVWRXWHVOHV 5$    ࡱ
FRQILJXUDWLRQVG
LQVWDOODWLRQGDQVXQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 6XSSRUWHQFKrQH  ࡱ+7
HQYLURQQHPHQWKXPLGH PRGH'LJLWDO +RPH&RQQHFW  SRXUUDQJHPHQWGHERXWHLOOHVVXU
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV 5pJODJHGHVVFpQDULRVG
pFODLUDJHHW pWDJqUHGHVpSDUDWLRQGHV
VRQWVpSDUpVG
DXPRLQVPP GHVWHPSpUDWXUHVYLD+RPH&RQQHFW FRPSDUWLPHQWV
 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH 3RXUDSSDUHLOVODUJHXUFP
$FFHVVRLUHVG
LQVWDOODWLRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp 
5$    ࡱ GHVVHUYLFHV+RPH&RQQHFWGDQVOH 
6HUUXUHSRXU5:  ࡱ+7 SD\VUHVSHFWLI/HVVHUYLFHV+RPH 
HW5: &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV 
5$    ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU 
3RUWHLQR[  ࡱ+7 ZZZKRPHFRQQHFWFRP 
DYHFSRLJQpH
3RXUDSSDUHLOODUJHXUFP &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
pSDLVVHXUKDELOODJHPP SDJHVj
5$    ࡱ
&DGUHGHSRUWHLQR[  ࡱ+7 &DUDFWpULVWLTXHV
DYHFSRLJQpH &DSDFLWpERXWHLOOHV ERXWHLOOHV
3RXUDSSDUHLOODUJHXUFP VWDQGDUGGH/ 
FKDUQLqUHVjJDXFKHpSDLVVHXU FOD\HWWHVjERXWHLOOHV
KDELOODJHPP WRWDOHPHQWH[WUDFWLEOHVSRXUOH
5$    ࡱ VWRFNDJHGHERXWHLOOHV0DJQXP
&DGUHGHSRUWHLQR[  ࡱ+7 $PpQDJHPHQWLQWpULHXUIOH[LEOHSDUOH
DYHFSRLJQpH UDMRXWRXOHUHWUDLWGHFOD\HWWHVSRXU
3RXUDSSDUHLOODUJHXUFP ERXWHLOOHVWRWDOHPHQWH[WUDFWLEOHV
FKDUQLqUHVjGURLWHpSDLVVHXU 'DQVXQHFRQILJXUDWLRQVWDQGDUG 
KDELOODJHPP FOD\HWWHVjERXWHLOOHV ERXWHLOOHV
5$ ࡱ 0DJQXPSHXYHQWrWUHVWRFNpHVDX
%DJXHWWHVODWpUDOHV  ࡱ+7 PD[LPXP
GHUHFRXYUHPHQWORQJXHV 0D[LPXPGHFOD\HWWHVjERXWHLOOHV
SRXUO
DPpQDJHPHQWLQWpULHXU
(FODLUDJHEULOODQW6SRWV/('
DQWLpEORXLVVHPHQW
EODQFFKDXGGDQV
FKDTXH]RQH


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

5DQJHPHQWGHVERXWHLOOHV

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP

/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWEDVpHV
VXUXQHIHQWHGHPP
,QVWUXFWLRQVGHPRQWDJHHWDFFHVVRLUHVVXSSOpPHQWDLUHV²$SSDUHLOVGH)URLG9DULR6pULH

 HVF{WpVGHODQLFKHGRLYHQWrWUHULJLGHVFDUOHVDSSDUHLOVGHIURLG9DULRGRLYHQW
/ &RPELQDLVRQG·DSSDUHLOVF{WHjF{WH
rWUHIL[pVGDQVODQLFKHDYHFXQHVpFXULWpDQWLEDVFXOHPHQWHQKDXWjO
DUULqUHHW 6LOHVDSSDUHLOVVRQWLQVWDOOpVGDQVXQHFRQILJXUDWLRQGHW\SH$% $SSDUHLO$
HQEDVVXUOHF{Wp FRQWUHDSSDUHLO%F{WpFKDUQLqUHV HWTXHODGLVWDQFHHQWUHOHVDSSDUHLOVHVW
LQIpULHXUHjPPO·DFFHVVRLUHVSpFLDOPRQWDJHF{WHjF{WH5$HVW
/HVDSSDUHLOVGHIURLG9DULRSHXYHQWrWUHLQVWDOOpVHQ6LGHE\6LGHDYHFOHV QpFHVVDLUH&HWDFFHVVRLUHG·LQVWDOODWLRQLQFOXWXQHIHXLOOHWKHUPLTXHODWpUDOHSRXU
SRLJQpHVDXPLOLHX'DQVFHFDVLOIDXGUDXWLOLVHUO·DFFHVVRLUHG·LQVWDOODWLRQ pYLWHUODIRUPDWLRQGHFRQGHQVDWLRQ
SRXU6LGHE\6LGH5$

6LODGLVWDQFHHQWUHOHVDSSDUHLOVHVWFRPSULVHHQWUHPPHWPPRXVL $ % &
O
HQYLURQQHPHQWHVWWUqVKXPLGHLOIDXWLQVWDOOHUO·DFFHVVRLUH)HXLOOHWKHUPLTXH
5$HQWUHOHVDSSDUHLOVSRXUpYLWHUODIRUPDWLRQGHFRQGHQVDWLRQ
3RXUODFRPELQDLVRQG·DSSDUHLOV©FKDUQLqUHVjF{WpGHSRLJQpHªLOIDXWXWLOLVHU
OD)HXLOOHWKHUPLTXH5$GDQVOHFDVG
XQHQYLURQQHPHQWKXPLGH&HW
DFFHVVRLUHQ·HVWSDVQpFHVVDLUHVLODGLVWDQFHHQWUHOHVDSSDUHLOVHVWVXSpULHXUH
jPP
/
DFFHVVRLUH)HXLOOHWKHUPLTXH5$QHQpFHVVLWHSDVG
HVSDFH
VXSSOpPHQWDLUHHWHVWGpMjLQFOXVGDQVOHVLQGLFDWLRQVGHGLPHQVLRQVGHODQLFKH

6LGHVDSSDUHLOVGHIURLG9DULRVRQWFRPELQpVF{WpVFKDUQLqUHVLOIDXW
REOLJDWRLUHPHQWSUpYRLUXQHFORLVRQULJLGHHQWUHOHVDSSDUHLOV
'DQVOHVFDVG·LPSRVVLELOLWpGHPLVHHQSODFHG·XQHFORLVRQULJLGHHWVLOHV
FRQWUDLQWHVG·XWLOLVDWLRQVRQWDFFHSWpHV SDVG·RXYHUWXUHVLPXOWDQpHGHVSRUWHV
GHVDSSDUHLOV LOHVWSRVVLEOHGHFRPELQHUGLUHFWHPHQWHQVHPEOHFHVDSSDUHLOV
HQXWLOLVDQWO
DFFHVVRLUH6LGHE\6LGH5$RXO·DFFHVVRLUH)HXLOOHWKHUPLTXH
5$ HQFDVG
HQYLURQQHPHQWKXPLGH 

(QFDVG
LQVWDOODWLRQG
XQDSSDUHLOGH)URLG9DULRVDQVSRLJQpHGLUHFWHPHQW
jF{WpG
XQ%2%0%6&0GHOD6pULHLOIDXWUHVSHFWHUXQHVSDFHODWpUDO ©6LGHE\6LGHª
PLQLPXQGHPPHQWUHOHVDSSDUHLOVVLODSRUWHGHO
DSSDUHLOGH)URLGV
RXYUHYHUV 6LOHVDSSDUHLOVVRQWLQVWDOOpVGDQVXQHFRQILJXUDWLRQGHW\SH%&
OH%2%0%6&0 ©VLGHE\VLGHª $SSDUHLO%FRQWUHDSSDUHLO&FKDUQLqUHVRSSRVpHV 
(QFDVG·LQVWDOODWLRQG·XQDSSDUHLOGH)URLG9DULR6pULHjF{WpG·XQ%2%0%6 O·DFFHVVRLUHG·LQVWDOODWLRQVSpFLDO©VLGHE\VLGHª5$HVWQpFHVVDLUH
GHOD6pULHLOIDXWUHVSHFWHUXQHVSDFHODWpUDOGHPPVLODSRLJQpHGX
%2%0%6DMRXWpHHQDFFHVVRLUHVHVLWXHGXF{WpGHODFKDUQLqUHGHO·DSSDUHLO (FDUWPXUDO5%5<
)URLG9DULR3RXUXQHLQVWDOODWLRQLGHQWLTXHjF{WpG·XQIRXU%23%03%63
GHOD6pULHLOIDXWSUpYRLUXQHVSDFHODWpUDOGHPP

$QJOHG·RXYHUWXUHGHODSRUWH

3RXUDVVXUHUXQHERQQHSODQLILFDWLRQGHODFXLVLQHLOHVWQpFHVVDLUHGHSUHQGUHHQ
FRQVLGpUDWLRQO·DQJOHG·RXYHUWXUHGHODSRUWHGHO·DSSDUHLO DYHFSRUWHG·KDELOODJH
PRQWpHHWSRLJQpH ,OQHGRLWSDV\DYRLUGHSRVVLELOLWpGHFROOLVLRQDYHFG·DXWUHV
SDUWLHVGHVPHXEOHV SODQGHWUDYDLOSRLJQpHVGHVDXWUHVPHXEOHVHWF« RXSDUWLHV
GHODSLqFH PXUVVDLOOLHVHWF«

/·DQJOHG·RXYHUWXUHGHODFKDUQLqUHHWOHVGLVWDQFHVjUHVSHFWHUHQWUHOHVPHXEOHV
DGMDFHQWVHWODSRLJQpHGHODSRUWHGpSHQGHQWGHO·pSDLVVHXUGHO·KDELOODJHHW
SHXYHQWrWUHUHSULVGXVFKpPDFLGHVVRXV/HVFKpPDHVWpWDEOLjSDUWLUG·XQH
pSDLVVHXUGHSRUWHGHPP

$XFDVRXQHFROOLVLRQVXUYLHQGUDLWLOH[LVWHSOXVLHXUVSRVVLELOLWpVSRXUUpVRXGUH
OHSUREOqPH
²/LPLWDWLRQGHO·DQJOHG·RXYHUWXUHGHODSRUWHjƒ VWDQGDUGƒ 
/DSLqFHSRXUUpGXLUHO
DQJOHG
RXYHUWXUHHVWOLYUpHDYHFO
DSSDUHLO
6XUFHVFKpPDO·pSDLVVHXUGXSDQQHDXG·KDELOODJHHVWGHPP
,OQ
HVWWRXWHIRLVSDVUHFRPPDQGpG
LQVWDOOHUXQFRQJpODWHXU 5)5)
HWODSRLJQpHGHPHXEOH*DJJHQDXHVWGHPP
5)5) jF{WpG
XQPXUTXLQpFHVVLWHGHOLPLWHUO
DQJOHG
RXYHUWXUHjƒ
RXWRXWDXWUHLQVWDOODWLRQQpFHVVLWDQWXQDQJOHG
RXYHUWXUHGHSRUWHGHƒFDU
OHVWLURLUVQHSHXYHQWSDVrWUHHQWLqUHPHQWUHWLUpV6LOHVUHVWULFWLRQVG
XWLOLVDWLRQ (FDUWPXUDO5%5&5)5:
VRQWDFFHSWpHVSDUO
XWLOLVDWHXULOIDXWUHPSODFHUOHEDFjJODoRQVOLYUpGHVpULH /DUJHXUGHQLFKH
SDUXQPRGqOHSOXVSHWLW 5$ &HWWHPRGLILFDWLRQGRLWrWUHHIIHFWXpH
DYDQWODIL[DWLRQGHODSRUWH
²,QVWDOODWLRQG·XQHSLqFHLQWHUFDODLUHHQWUHO·DSSDUHLOHWOHPHXEOHDYHFOHTXHO
LO\DULVTXHGHFROOLVLRQ
²5pDPpQDJHPHQWGHVPHXEOHVGHFXLVLQHHQYLURQQDQWVRXGHODFRPELQDLVRQ
GHVDSSDUHLOVGHIURLG

$QJOHG
RXYHUWXUHGHSRUWH

6XUFHVFKpPDO·pSDLVVHXUGXSDQQHDX
G·KDELOODJHHVWGHPPHWODSRLJQpHGH
PHXEOH*DJJHQDXHVWGHPP

3UpFDXWLRQVGHPRQWDJH
/DGLVWDQFHHQWUHOHVFKDUQLqUHVHW
OHVpFDUWVTXLHQUpVXOWHQWSDUUDSSRUW 1RWHV
DXPHXEOHDGMDFHQWHWjVDSRLJQpH
SHXYHQWrWUHUHSULVGHO·LOOXVWUDWLRQFL ² /HVSLHGVVRQWUpJODEOHVHQKDXWHXUGHPPj²PP/HVVFKpPDVVRQW
GHVVXVHQIRQFWLRQGHO·pSDLVVHXUGX WRXMRXUVpWDEOLVjSDUWLUGHODKDXWHXUVWDQGDUGGHPP
SDQQHDXG·KDELOODJH6XUFHVFKpPD ² /DGLVWDQFHHQWUHOHVROHWO·DUrWHLQIpULHXUHGHODSRUWHG·KDELOODJHGRLWrWUHG·DX
O·pSDLVVHXUGXSDQQHDXG·KDELOODJHHVW PRLQVPPSRXUSHUPHWWUHXQHERQQHYHQWLODWLRQGHO·DSSDUHLO
GHPP ² /·pSDLVVHXUGHVSRUWHVG·KDELOODJHVXUPHVXUHGRLWrWUHFRPSULVHHQWUH
HWPP VXUOHVVFKpPDVPP 
,QVWDOODWLRQGDQVXQHQLFKH $SSDUHLOVGHIURLG 

&RQWUDLUHPHQWDX[DSSDUHLOVLQWpJUDEOHVWUDGLWLRQQHOVOHVDSSDUHLOVGH)URLG9DULR (PSODFHPHQWG
LQVWDOODWLRQ
VHSRVHQWGLUHFWHPHQWVXUOHVRO
&HODVLJQLILHTXHODQLFKHSRXUO
HQFDVWUHPHQWHVWXQHVSDFHGDQVOHOLQpDLUHGHV /
DSSDUHLOGRLWrWUHLQVWDOOpGDQVXQORFDOVHFHWELHQDpUp/·DSSDUHLOQHGRLWSDVrWUH
pOpPHQWVGHFXLVLQH GLUHFWHPHQWH[SRVpDX[UD\RQVGXVROHLOQLrWUHLQVWDOOpjSUR[LPLWpG·XQHVRXUFHGH
FKDOHXUFRPPHXQHFXLVLQLqUHXQDSSDUHLOGHFKDXIIDJHHWF
,QVWDOODWLRQGDQVXQHQLFKH 6LO
LQVWDOODWLRQjF{WpG
XQHVRXUFHGHFKDOHXUHVWLQpYLWDEOHLOIDXWREOLJDWRLUHPHQW
XWLOLVHUXQHSODTXHLVRODQWHRXELHQUHVSHFWHUOHVGLVWDQFHVPLQLPDOHVVXLYDQWHV
,OHVWLPSRUWDQWGHUHVSHFWHUOHVGLPHQVLRQVLQGLTXpHVSRXUODQLFKHSRXUpYLWHU DYHFODVRXUFHGHFKDOHXU
G·pYHQWXHOVSUREOqPHVG·LQVWDOODWLRQHWJDUDQWLUXQDOLJQHPHQWSDUIDLWGHO·KDELOODJH ² FPSDUUDSSRUWjGHVFXLVLQLqUHVpOHFWULTXHVRXjJD]
GHO·DSSDUHLO,OIDXWIDLUHSDUWLFXOLqUHPHQWDWWHQWLRQjFHTXHODQLFKHVRLW ² FPSDUUDSSRUWjXQIRXUpOHFWULTXHRXjJD]
UHFWDQJXODLUH/HVSDURLVODWpUDOHVGRLYHQWrWUHSDUIDLWHPHQWSODQHVHWOLVVHVVDQV ² FPSDUUDSSRUWjXQHFKDXGLqUHDXILRXORXjFKDUERQ
SURWXEpUDQFHVQLLUUpJXODULWpV8WLOLVH]OHVRXWLOVDSSURSULpVWHOTXHQLYHDXjEXOOHV /HSODQFKHUGRLWrWUHVROLGHSRXUVXSSRUWHUOHSRLGVGHO·DSSDUHLOVLQpFHVVDLUH
PHVXUHVGHVGLDJRQDOHVHWF«SRXUGpWHUPLQHUVLODQLFKHHVWUHFWDQJXODLUH UHQIRUFHUOHSODQFKHU3RXUDVVXUHUXQERQIRQFWLRQQHPHQWGHODIDEULTXHjJODFH
/·pSDLVVHXUGHVSDURLVODWpUDOHVHWGHODFRUQLFKHVXSpULHXUHGRLWrWUHG·DXPRLQVPP O·DSSDUHLOGRLWrWUHLQVWDOOpVXUXQHVXUIDFHSDUIDLWHPHQWSODQH

,QVWDOODWLRQG
XQDSSDUHLOVHXOGDQVXQHQLFKH 6XUIDFHG
LQVWDOODWLRQ

3RXUXQHLQVWDOODWLRQHQWRXWHVpFXULWpHWXQIRQFWLRQQHPHQWFRUUHFWO·DSSDUHLO
GRLWrWUHLQVWDOOpVXUXQVROFRQVWLWXpG·XQPDWpULDXGXUVWDEOHHWGHQLYHDX
/HVROGHODQLFKHG·HQFDVWUHPHQWGRLWrWUHjODPrPHKDXWHXUTXHOHSODQFKHU
GDQVOHUHVWHGHODSLqFH
(QUDLVRQGXSRLGVGHO·DSSDUHLOHQWLqUHPHQWFKDUJpLOGRLWUHSRVHUVXUXQVRO
RIIUDQWXQHSRUWDQFHVXIILVDQWH
(QFDVGHGRXWHFRQVXOWHUXQDUFKLWHFWHLQJpQLHXURXH[SHUWHQFRQVWUXFWLRQ

0HXEOHVDGMDFHQWV

/HQRXYHODSSDUHLOGRLWrWUHYLVVpIHUPHPHQWDX[F{WpVGHVPHXEOHVDGMDFHQWV
3RXUFHWWHUDLVRQLOHVWWUqVLPSRUWDQWTXHWRXVOHVPHXEOHVDGMDFHQWVjO·DSSDUHLO
VRLHQWIL[pVVRLWDXVROVRLWFRQWUHOHPXU
/·pSDLVVHXUGHODSOLQWKHQHGRLWSDVGpSDVVHUPP

$ (PSODFHPHQWSRXUOHUDFFRUGHPHQWjO·HDX
% (PSODFHPHQWSRXUOHUDFFRUGHPHQWpOHFWULTXHGRLWrWUHVLWXp
HQGHKRUVGHODQLFKH
& 3URIRQGHXUGHODQLFKHGpSHQGODFRQFHSWLRQGHODFXLVLQH
& PPPLQLPXP
; /DUJHXUGHODQLFKHYRLUOHWDEOHDXFLGHVVRXVSRXUSOXVGHGpWDLOV
7\SHG
DSSDUHLO /DUJHXUGHODQLFKH;

PP PP

PP PP

PP PP

PP PP

,QVWDOODWLRQ6LGHE\6LGH

3RXUXQHLQVWDOODWLRQHQ6LGHE\6LGHLOH[LVWHGHPXOWLSOHVFRPELQDLVRQV
G·DSSDUHLOV/DODUJHXUGHODQLFKHG·HQFDVWUHPHQWV·REWLHQWHQDGGLWLRQQDQWOD
ODUJHXUGHODQLFKHGHFKDTXHDSSDUHLO/DKDXWHXUHWODSURIRQGHXUGHODQLFKH
FRUUHVSRQGHQWjFHOOHVGHO·DSSDUHLOVHXO,OHVWLPSRUWDQWGHUHVSHFWHUOHVPHVXUHV
FRQFHUQDQWOHVHPSODFHPHQWVGHVUDFFRUGHPHQWVpOHFWULTXHHWjO·HDX
&HVPHVXUHVFRUUHVSRQGHQWjFHOOHVpWDEOLHVSRXUXQDSSDUHLOVHXO
6RFOH_&RUQLFKH

/HVRFOH /DFRUQLFKH

/DKDXWHXUGHODSRUWHG·KDELOODJHGHO
DSSDUHLOGpSHQGGH
,PSRUWDQW ² ODKDXWHXUWRWDOHGHO
DSSDUHLO
8QHYHQWLODWLRQLQVXIILVDQWHSHXWHQGRPPDJHUO
DSSDUHLO ² ODGLVWDQFHHQWUHO·DUrWHLQIpULHXUHGHODSRUWHG·KDELOODJHHWOHVRO
/HVDpUDWLRQVSRXUO·HQWUpHHWO·pYDFXDWLRQGHO·DLUQHGRLYHQWHQDXFXQFDVrWUH ² GXW\SHG
DSSDUHLO DSSDUHLOjXQHRXSOXVLHXUVSRUWHV 
REWXUpHV,OIDXWUHVSHFWHUXQHGLVWDQFHPLQLPDOHGHPPHQWUHO·DUrWH /DKDXWHXUWRWDOHGHO
DSSDUHLOHVWGHPP
VXSpULHXUHGHODSOLQWKHHWO·DUrWHLQIpULHXUHGHODSRUWHG·KDELOODJH,OIDXW
pJDOHPHQWWHQLUFRPSWHGHODSRVVLELOLWpGHUpJODJHGHVSLHGVGHO·DSSDUHLOHQ 5pJODJHSRVVLEOHHQKDXWHXUGHPPjPP/DGLVWDQFHPLQLPDOHj
KDXWHXU UHVSHFWHULPSpUDWLYHPHQWHQWUHOHERUGVXSpULHXUGXVROHWOHERUGLQIpULHXUGH
ODSRUWHG·KDELOODJHGHO·DSSDUHLOHVWGHPP
/DKDXWHXUPD[LPDOHVWDQGDUGGHODSOLQWKHHVWGHPP
/·pSDLVVHXUPD[LPDOHGHODSOLQWKHHVWGHPP &HWWHKDXWHXUSHXWYDULHUVHORQOHVFRQWUDLQWHVOLpHVDXOLHXG·LQVWDOODWLRQ,OHVWSDU
H[HPSOHSRVVLEOHVHORQOHW\SHG·KDELOODJHGHSRUWHGHSURORQJHUODKDXWHXUGHOD
/DIL[DWLRQGHODSOLQWKHSHXWVHIDLUHjO·DLGHGHVEDQGHVDGKpVLYHVVLWXpHVVXU SRUWHG·KDELOODJHDXGHVVXVGHODSRUWHGHO·DSSDUHLOOXLPrPH
O·DYDQWGHO·DSSDUHLO

/HVDpUDWLRQVSRXUO·HQWUpHHWO·pYDFXDWLRQGHO·DLUVRQWVLWXpHVDXGHVVXVGHOD
SOLQWKH(OOHVQHGRLYHQWSDVrWUHUHFRXYHUWHV 3RVVLELOLWpG
H[WHQVLRQ
GHODSRUWHG
KDELOODJH

'pWDLOGHODSOLQWKH
&RUQLFKH

3RUWHG
KDELOODJH

3RXUODKDXWHXUVWDQGDUGGHO·DSSDUHLOODKDXWHXUPD[LPDOHGHODSOLQWKH 3RUWHGH
GRLWrWUHGHPP/·pSDLVVHXUGHODSOLQWKHQHGRLWSDVGpSDVVHU O
DSSDUHLO
PP
&RUSVGHO
DSSDUHLO

'DQVFHUWDLQHVFRQILJXUDWLRQVLOSHXWrWUHQpFHVVDLUHG
DXJPHQWHUODGLVWDQFHHQWUH
OHERUGVXSpULHXUGXSODQFKHUHWOHERUGLQIpULHXUGHODSRUWHG
KDELOODJHGHVRUWH
TXHODPHVXUHVWDQGDUGGHPPVRLWDXJPHQWpH/DPHVXUHPD[LPDOHGHOD ,PSRUWDQW
GLVWDQFHHVWGHPP ,OHVWQpFHVVDLUHGHUHVSHFWHUXQHSURIRQGHXUPLQLPXPGHPPSRXUOD
'DQVFHFDVOHVDpUDWLRQVG
HQWUpHG
DLUHWGHVRUWLHG
DLUGHODJULOOHVHURQWYLVLEOHV FRUQLFKHKDXWHGHILQLWLRQGHODQLFKH PHVXUpHjSDUWLUGXERUGDYDQWGH
O
DSSDUHLO &·HVWODVHXOHIDoRQG·DVVXUHUXQHIL[DWLRQVpFXULVpHGHO·DSSDUHLO
GDQVODQLFKH
'LPHQVLRQVGHVDFFHVVRLUHVVSpFLDX[²KDELOODJHGHSRUWH_KDELOODJHFDGUHGHSRUWH $SSDUHLOVGHIURLG 

/HVPHXEOHVGHFXLVLQHODKDXWHXUGXVRFOHODKDXWHXUWRWDOHGHODFXLVLQHHWWRXWHV $SSDUHLOVODUJHXUGHQLFKHFP
OHVDXWUHVPHVXUHVGHODFXLVLQHGRLYHQWrWUHSULVHQFRPSWHSRXUSHUPHWWUHOH +DELOODJHGHSRUWH
PRQWDJHSDUIDLWGHODSRUWHG·KDELOODJHHWXQHLQWpJUDWLRQRSWLPDOHGHO·DSSDUHLO

/HVVFKpPDVVXLYDQWVSUHQQHQWHQFRPSWHOHVPHVXUHVGHEDVHGHVDFFHVVRLUHV
SRUWHG·KDELOODJHFDGUHG·KDELOODJHGHSRUWH

/HVPHVXUHVGHVSRUWHVIRXUQLHVVRQWpWDEOLHVjSDUWLUGHVGRQQpHVGHEDVH
VXLYDQWHV
² +DXWHXUGXVRFOHPP
² +DXWHXUWRWDOHGHODQLFKHG·HQFDVWUHPHQWPP
² (VSDFHPP
² (SDLVVHXUGXSDQQHDXG·KDELOODJHPP
&HVGRQQpHVFRQVWLWXHQWXQHEDVHSRXUODPDMRULWpGHVVW\OHVGHFXLVLQH

'DQVOHFDVGHSRUWHVGHPHXEOHVSpFLILTXHVLOIDXWYHLOOHUjFHTXHODIDFHDUULqUH
GHODSRUWHG·KDELOODJHVRLWYLVLEOHVXUXQHKDXWHXUGHPPDXGHVVXVGX
SODQFKHUORUVGHO·RXYHUWXUHGHODSRUWHSRXUrWUHDGDSWpHjFKDTXHGHVLJQ
7RXVOHVVFKpPDVVRQWpJDOHPHQWYDODEOHVSRXUOHVKDELOODJHVGHSRUWHVDQV
SRLJQpH

,PSRUWDQW
/HVVFKpPDVFLGHVVRXVQHUHPSODFHQWSDVXQHSODQLILFDWLRQGpWDLOOpH /·pSDLVVHXUGXSDQQHDXG·KDELOODJHHVWGHPP
/HUHVSHFWGHVH[LJHQFHVVSpFLILTXHVGXGHVLJQGHODFXLVLQHHVWHVVHQWLHOOH /HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG·KDELOODJHVRQWSUpYXHVSRXUXQH
IHQWHGHPPEDVpHVVXUXQHQLFKHLQGLYLGXHOOH
$/DGpFRXSHSRXUOHGLVWULEXWHXUHVWFHQWUpHKRUL]RQWDOHPHQW
HWYHUWLFDOHPHQW
%/DODUJHXUGHVF{WpVGXFDGUHSRXUODFDYHjYLQGRLWrWUHFRPSULVH
$SSDUHLOVODUJHXUGHQLFKHFP HQWUHPPHWPP
+DELOODJHGHSRUWH
$SSDUHLOVODUJHXUGHQLFKHFP
+DELOODJHGHSRUWH

/·pSDLVVHXUGXSDQQHDXG·KDELOODJHHVWGHPP
/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG·KDELOODJHVRQWSUpYXHVSRXUXQH
IHQWHGHPPEDVpHVVXUXQHQLFKHLQGLYLGXHOOH /·pSDLVVHXUGXSDQQHDXG·KDELOODJHHVWGHPP
%/DODUJHXUGHVF{WpVGXFDGUHSRXUODFDYHjYLQGRLWrWUHFRPSULVH /HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG·KDELOODJHVRQWSUpYXHV
HQWUHPPHWPP SRXUXQHIHQWHGHPPEDVpHVVXUXQHQLFKHLQGLYLGXHOOH

$SSDUHLOODUJHXUGHQLFKHFP $SSDUHLOVODUJHXUGHQLFKHFP
+DELOODJHGHSRUWH +DELOODJHGHSRUWH

/
pSDLVVHXUGXSDQQHDXG
KDELOODJHHVWGHPP /·pSDLVVHXUGXSDQQHDXG·KDELOODJHHVWGHPP
/HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG
KDELOODJHVRQWSUpYXHV /HVGLPHQVLRQVPD[LPDOHVGXSDQQHDXG·KDELOODJHVRQWSUpYXHVSRXUXQH
SRXUXQHIHQWHGHPPEDVpHVVXUXQHQLFKHLQGLYLGXHOOH IHQWHGHPPEDVpHVVXUXQHQLFKHLQGLYLGXHOOH
3ULQFLSHG·LQVWDOODWLRQSRXUXQDSSDUHLOVHXO

&RUQLFKH

0XU

3ODQFKHU

3ODQGHWUDYDLO
0HXEOH 6RFOH
1LFKH
GHFXLVLQH G·HQFDVWUHPHQW
3RUWHG·KDELOODJH

&RXSHYHUWLFDOHQLFKHG·HQFDVWUHPHQW 1LFKHG·HQFDVWUHPHQWSRXUXQDSSDUHLOVHXO H[HPSOHQLFKHODUJHXUPP

&RUQLFKH 'DQVFHWH[HPSOHODQLFKHHVWFRQVWLWXpHSDUPHXEOHVHQFRORQQHV jJDXFKHHWj


GURLWH UHOLpVSDUXQHFRUQLFKHGHILQLWLRQ

/DSRUWHG·KDELOODJHGHO
DSSDUHLOHVWLGHQWLTXHDX[DXWUHVSRUWHVGHPHXEOHVGH
FXLVLQH

&DUDFWpULVWLTXHVGHODQLFKHG·HQFDVWUHPHQW
3RUWHG·KDELOODJH
² /HVSDURLVODWpUDOHVGHODQLFKHGRLYHQWrWUHFRPSOqWHPHQWOLVVHVHWVDQV
DVSpULWpVVXUWRXWHODSURIRQGHXUGHODQLFKH
² /DFRUQLFKHGHILQLWLRQGRLWDYRLUXQHSURIRQGHXUPLQLPDOHGHPPHWrWUH
FRQVWLWXpHG
XQPDWpULDXVROLGH pSDLVVHXUPLQLPDOHPP
² /DUJHXUGHODQLFKHPP
0HXEOHGHFXLVLQH
² 3URIRQGHXUGHODQLFKHPLQPP

/HVF{WpVGHODQLFKHGRLYHQWrWUHOLVVHVHWVDQVDVSpULWpV
VXUWRXWHODSURIRQGHXUGHODQLFKH

&RXSHKRUL]RQWDOHQLFKHG·HQFDVWUHPHQW

0HXEOHGHFXLVLQH

3RUWHG·KDELOODJH
3ULQFLSHG·LQVWDOODWLRQSRXUXQHFRPELQDLVRQ6LGHE\6LGH $SSDUHLOVGHIURLG 

&ORLVRQSODQHHWOLVVH
&RUQLFKH

0XU

3ODQFKHU

3ODQGHWUDYDLO
0HXEOH 1LFKH 6RFOH
GHFXLVLQH G·HQFDVWUHPHQW
3RUWHG·KDELOODJH

&RXSHYHUWLFDOHQLFKHG·HQFDVWUHPHQW 1LFKHG·HQFDVWUHPHQWSRXUXQHFRPELQDLVRQ6LGHE\6LGH

&RUQLFKH ² PP5pIULJpUDWHXU jGURLWH 


² PP&RQJpODWHXU jJDXFKH

'DQVFHWH[HPSOHODQLFKHHVWFRQVWLWXpHSDUPHXEOHHQFRORQQH jJDXFKH HW


XQHFORLVRQSODQHHWOLVVH jGURLWH UHOLpVSDUXQHFRUQLFKHGHILQLWLRQ

/HVSRUWHVG·KDELOODJHGHVDSSDUHLOVVRQWLGHQWLTXHVDX[DXWUHVSRUWHVGHPHXEOHV
3RUWHG·KDELOODJH
GHFXLVLQH

&DUDFWpULVWLTXHVGHODQLFKHG·HQFDVWUHPHQW

² /HVSDURLVODWpUDOHVGHODQLFKHGRLYHQWrWUHFRPSOqWHPHQWOLVVHVHWVDQV
DVSpULWpVVXUWRXWHODSURIRQGHXUGHODQLFKH
0HXEOHGHFXLVLQH
² /DFRUQLFKHGHILQLWLRQGRLWDYRLUXQHSURIRQGHXUPLQLPDOHGHPPHWrWUH
FRQVWLWXpHG
XQPDWpULDXVROLGH pSDLVVHXUPLQLPDOHPP
² /DUJHXUGHODQLFKHPPPP PP
² 3URIRQGHXUGHODQLFKHPLQPP

/HVF{WpVGHODQLFKHGRLYHQWrWUHOLVVHVHWVDQVDVSpULWpV
VXUWRXWHODSURIRQGHXUGHODQLFKH

&RXSHKRUL]RQWDOHQLFKHG·HQFDVWUHPHQW
0HXEOH
KDXW
&ORLVRQSODQH
HWOLVVH

3RUWHG·KDELOODJH 3ODQGHWUDYDLO
([HPSOHVG·LQVWDOODWLRQ

,QVWDOODWLRQ6LGHE\6LGHVROXWLRQ

5)5&
&RQWUDLQWHVG·XWLOLVDWLRQ$XFXQHOLPLWDWLRQ
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6  
5HPDUTXHV2XYHUWXUHGHVSRUWHVYHUVO·H[WpULHXU

6[6

,QVWDOODWLRQ6LGHE\6LGHVROXWLRQ

5:5%
&RQWUDLQWHVG·XWLOLVDWLRQ$XFXQHOLPLWDWLRQ
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6  
5HPDUTXHV2XYHUWXUHGHVSRUWHVYHUVO·H[WpULHXU
,QYHUVLRQGXVHQVG·RXYHUWXUHGHSRUWHGX5:
(QFDVG·LQVWDOODWLRQGHVSRUWHVG·KDELOODJHHQLQR[DYHFSRLJQpHV $FFHVVRLUHHQ
RSWLRQ VpOHFWLRQQHUODUpIpUHQFHGHO
KDELOODJHLQR[HQIRQFWLRQGXVHQVG·RXYHUWXUH
GHODSRUWHGX5:

6[6

,QVWDOODWLRQ6LGHE\6LGHVROXWLRQ

5:5<
&RQWUDLQWHVG·XWLOLVDWLRQ7RXWHVOHVSRUWHVQHSHXYHQWSDVrWUHRXYHUWHVHQPrPH
WHPSV/DSRUWHJDXFKHGX5<SHXWHQWUHUHQFROOLVLRQDYHFODSRLJQpHGX5:
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6 
5HPDUTXHV%ORTXHUO·RXYHUWXUHGHODSRUWHJDXFKHGX5<jƒ
,QYHUVLRQGXVHQVG·RXYHUWXUHGHSRUWHGX5:
(QFDVG·LQVWDOODWLRQGHVSRUWHVG·KDELOODJHHQLQR[DYHFSRLJQpHV $FFHVVRLUHHQ
RSWLRQ VpOHFWLRQQHUODUpIpUHQFHGHO
KDELOODJHLQR[HQIRQFWLRQGXVHQVG·RXYHUWXUH
GHODSRUWHGX5:
6[6

&RPELQDLVRQGHDSSDUHLOV

5)5:5&
&RQWUDLQWHVG·XWLOLVDWLRQ/HVSRUWHVGX5:HWGX5&QHSHXYHQWSDVrWUHRXYHUWHV
HQPrPHWHPSVPDLVO·XQHDSUqVO·DXWUH
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6 
5HPDUTXHV/HVWURLVDSSDUHLOVGRLYHQWrWUHDVVHPEOpVHQVHPEOHDYDQWG·rWUH
LQWpJUpVGDQVODQLFKHHWSRXVVpVHQVHPEOHGDQVODQLFKHG·HQFDVWUHPHQW

6[6 6[6

'LVWDQFHPD[LPDOH

5)5)5:5&
,QVWDOODWLRQ$XFXQHOLPLWDWLRQ7RXWHVOHVSRUWHVSHXYHQWrWUHRXYHUWHVHQPrPH
WHPSV
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6 
5HPDUTXHV'HX[QLFKHVG·HQFDVWUHPHQWLQGpSHQGDQWHV3UpYRLUXQHGLVWDQFH
VXIILVDQWHHQWUHOHVQLFKHVSRXUSHUPHWWUHO·RXYHUWXUHVLPXOWDQpHGHWRXWHVOHV
SRUWHVHQPrPHWHPSV,QYHUVLRQGXVHQVG·RXYHUWXUHGHSRUWHGX5:
(QFDVG·LQVWDOODWLRQGHVSRUWHVG·KDELOODJHHQLQR[DYHFSRLJQpHV $FFHVVRLUHHQ
RSWLRQ VpOHFWLRQQHUODUpIpUHQFHGHO
KDELOODJHLQR[HQIRQFWLRQGXVHQVG·RXYHUWXUH
GHODSRUWHGX5:
6[6 6[6
$SSDUHLOVGHIURLG 

'LVWDQFH•PP

5)5)5:5&
,QVWDOODWLRQ/HVSRUWHVGXPLOLHXQHSHXYHQWSDVrWUHRXYHUWHVHQPrPHWHPSV
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6 
5HPDUTXHV'HX[QLFKHVG·HQFDVWUHPHQWLQGpSHQGDQWHV
/DGLVWDQFHHQWUHOHVQLFKHVHVW!jPP&KDQJHUOHVHQVG·RXYHUWXUH
GHSRUWHGX5:
(QFDVG·LQVWDOODWLRQGHVSRUWHVG·KDELOODJHHQLQR[DYHFSRLJQpHV $FFHVVRLUHHQ
RSWLRQ VpOHFWLRQQHUODUpIpUHQFHGHO
KDELOODJHLQR[HQIRQFWLRQGXVHQVG·RXYHUWXUH
GHODSRUWHGX5:

6[6 6[6

'LVWDQFH”PP

5)5)5:5&
,QVWDOODWLRQ/HVSRUWHVGXPLOLHXQHSHXYHQWSDVrWUHRXYHUWHVHQPrPHWHPSV
PDLVO·XQHDSUqVO·DXWUH
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6  [5$)HXLOOHWKHUPLTXH +(  
5HPDUTXHV'HX[QLFKHVG·HQFDVWUHPHQWVpSDUpHVSDUXQHFORLVRQVWDEOH
/DGLVWDQFHHQWUHOHVQLFKHVHVWLQIpULHXUHjPPLOIDXWGRQFLQVWDOOHU
ODIHXLOOHWKHUPLTXH
&KDQJHUOHVHQVG·RXYHUWXUHGHSRUWHGX5:
(QFDVG·LQVWDOODWLRQGHVSRUWHVG·KDELOODJHHQLQR[DYHFSRLJQpHV $FFHVVRLUHHQ
RSWLRQ VpOHFWLRQQHUODUpIpUHQFHGHO
KDELOODJHLQR[HQIRQFWLRQGXVHQVG·RXYHUWXUH
6[6 +( 6[6 GHODSRUWHGX5:

&RPELQDLVRQGHDSSDUHLOV

5)5)5:5&
,QVWDOODWLRQ/HVSRUWHVGXPLOLHXQHSHXYHQWSDVrWUHRXYHUWHVHQPrPHWHPSV
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6 
5HPDUTXHV/HVDSSDUHLOVVLWXpVDXFHQWUHVRQWUHOLpVHQVHPEOHGXF{WpGHV
FKDUQLqUHV
/HVDSSDUHLOVGRLYHQWrWUHDVVHPEOpVHQVHPEOHDYDQWG·rWUHLQWpJUpVGDQVODQLFKH
HWSRXVVpVHQVHPEOHGDQVODQLFKHG·HQFDVWUHPHQW
,QYHUVLRQGXVHQVG·RXYHUWXUHGHSRUWHGX5:
(QFDVG·LQVWDOODWLRQGHVSRUWHVG·KDELOODJHHQLQR[DYHFSRLJQpHV $FFHVVRLUHHQ
6[6 6[6 6[6 RSWLRQ VpOHFWLRQQHUODUpIpUHQFHGHO
KDELOODJHLQR[HQIRQFWLRQGXVHQVG·RXYHUWXUH
GHODSRUWHGX5:

&RPELQDLVRQGHDSSDUHLOVDOWHUQDWLYH

5)5)5:5&
,QVWDOODWLRQ6LO·XQHGHVSRUWHVGXPLOLHXHVWRXYHUWHRQQHSHXWSDVRXYULUFHOOH
VLWXpHjO·H[WpULHXUVXUOHPrPHF{Wp
$FFHVVRLUHVG
LQVWDOODWLRQ[5$$FFHVVRLUHSRXULQVWDOODWLRQ
6LGHE\6LGH 6[6 
5HPDUTXHV/HVDSSDUHLOVVLWXpVDXFHQWUHVRQWLQVWDOOpVHQ6LGHE\6LGH
3RXUOHPRQWDJHGHVDXWUHVDSSDUHLOVLOIDXWLQVWDOOHUGHVDFFHVVRLUHVG
LQVWDOODWLRQ
6LGHE\6LGHVXSSOpPHQWDLUHV
/HVDSSDUHLOVGRLYHQWrWUHDVVHPEOpVHQVHPEOHDYDQWG·rWUHLQWpJUpVGDQVODQLFKH
HWSRXVVpVHQVHPEOHGDQVODQLFKHG·HQFDVWUHPHQW

6[6 6[6 6[6

/pJHQGH
6[6 $FFHVVRLUHSRXULQVWDOODWLRQ6LGHE\6LGH
+( $FFHVVRLUH)HXLOOHWKHUPLTXH
$FFHVVRLUHVSRXU)URLG9DULR6pULH

7\SHG
DSSDUHLO 5pIULJpUDWHXU 5pIULJpUDWHXU 5pIULJpUDWHXU 5pIULJpUDWHXU
FRQJpODWHXU FRQJpODWHXU FRQJpODWHXU
5< 5% 5% 5&
3RUWH&DGUHGHSRUWH
3RUWHHQLQR[DYHFSRLJQpHpSDLVVHXUGHIDoDGHPP 5$ 5$ 5$ 5$
3RUWHHQLQR[VDQVSRLJQpHpSDLVVHXUGHIDoDGHPP 5$ 5$ 5$ 5$
&DGUHGHSRUWHHQLQR[DYHFSRLJQpHFKDUQLqUHJDXFKHpSDLVVHXUGHIDoDGHPP
&DGUHGHSRUWHHQLQR[DYHFSRLJQpHFKDUQLqUHGURLWHpSDLVVHXUGHIDoDGHPP
&DGUHGHSRUWHHQLQR[VDQVSRLJQpHpSDLVVHXUGHIDoDGHPP
5$ 6HUUXUH5:HW5:
*ULOOHGHYHQWLODWLRQ
,QR[ 5$ 5$ 5$ 5$
$PpQDJHPHQW&DYHjYLQ
&OD\HWWHVRUWLHWRWDOHHQERLVGHFKrQHHWDOXPLQLXPPDVVLI$QWKUDFLWH
3ODWHDXpWDJqUHDPRYLEOHHQERLVGHFKrQHSRXUERXWHLOOHVRXYHUWHVHWFDUDIHVjGpFDQWHU
3UpVHQWRLUSRXUERXWHLOOHHQERLVGHFKrQHHWDOXPLQLXPPDVVLI$QWKUDFLWHjO
XQLWp
6XSSRUWHQERLVGHFKrQHSRXUUDQJHPHQWSUDWLTXHGHVERXWHLOOHV
5$ 6HWGHFDFKHVQRLUVSRXUYLVSLqFHV
3RLJQpHV
5$ 3RLJQpHORQJXHLQR[ORQJXHXUPPDYHFEORFVSRLJQpHV ‡ ‡ ‡ ‡
LQWHUYDOOHGHSHUoDJHPP
5$ 3RLJQpHFRXUWHLQR[ORQJXHXUPPDYHFEORFVSRLJQpHV ‡
LQWHUYDOOHGHSHUoDJHPP3RXU5%
5$ 3RLJQpHFRXUWHLQR[ORQJXHXUPPDYHFEORFVSRLJQpHV ‡ ‡
LQWHUYDOOHGHSHUoDJHPP3RXU5%5<
$FFHVVRLUHV
5$ %RLWHGHVWRFNDJHDYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH ‡ ‡ ‡ ‡
5$ %DFjJODoRQVSHWLWPRGqOHSRXULQVWDOODWLRQDYHFDQJOHG
RXYHUWXUHGHSRUWHjƒ
5$ )LOWUHjFKDUERQDFWLISRXUOHV\VWqPHGH=OWUHjHDX ‡ ‡ ‡
(7 )LOWUHjFKDUERQDFWLI SLqFHGpWDFKpH ‡ ‡ ‡ ‡

$FFHVVRLUHVSRXU)URLG9DULR6pULH

7\SHG
DSSDUHLO &DYHjYLQ &DYHjYLQ &DYHjYLQ &DYHjYLQ

5: 5: 5: 5:


3RUWH&DGUHGHSRUWH
3RUWHHQLQR[DYHFSRLJQpHpSDLVVHXUGHIDoDGHPP 5$ 5$
3RUWHHQLQR[VDQVSRLJQpHpSDLVVHXUGHIDoDGHPP 5$ 5$
&DGUHGHSRUWHHQLQR[DYHFSRLJQpHFKDUQLqUHJDXFKHpSDLVVHXUGHIDoDGHPP 5$ 5$
&DGUHGHSRUWHHQLQR[DYHFSRLJQpHFKDUQLqUHGURLWHpSDLVVHXUGHIDoDGHPP 5$ 5$
&DGUHGHSRUWHHQLQR[VDQVSRLJQpHpSDLVVHXUGHIDoDGHPP 5$ 5$
5$ 6HUUXUHSRXU5:HW5: ‡ ‡ ‡ ‡
*ULOOHGHYHQWLODWLRQ
,QR[ 5$ 5$ 5$ 5$
$PpQDJHPHQW&DYHjYLQ
&OD\HWWHVRUWLHWRWDOHHQFKrQHHWDOXPLQLXPPDVVLI$QWKUDFLWH 5$ 5$ 5$ 5$
3ODWHDXpWDJqUHDPRYLEOHHQERLVGHFKrQHSRXUERXWHLOOHVRXYHUWHVHWFDUDIHVjGpFDQWHU 5$ 5$ 5$ 5$
3UpVHQWRLUSRXUERXWHLOOHHQERLVGHFKrQHHWDOXPLQLXPPDVVLI$QWKUDFLWHjO
XQLWp 5$ 5$ 5$ 5$
6XSSRUWERXWHLOOHVHQERLVGHFKrQHSRXUUDQJHPHQWSUDWLTXHGHVERXWHLOOHV 5$ 5$ 5$ 5$
6XSSRUWHQERLVGHFKrQHSRXUUDQJHPHQWSUDWLTXHGHVERXWHLOOHV
5$ 6HWGHFDFKHVQRLUVSRXUYLVSLqFHV ‡ ‡ ‡ ‡
3RLJQpHV
5$ 3RLJQpHORQJXHLQR[ORQJXHXUPPDYHFEORFVSRLJQpHV ‡ ‡ ‡ ‡
LQWHUYDOOHGHSHUoDJHPP
5$ 3RLJQpHFRXUWHLQR[ORQJXHXUPPDYHFEORFVSRLJQpHV
LQWHUYDOOHGHSHUoDJHPP3RXU5%
5$ 3RLJQpHFRXUWHLQR[ORQJXHXUPPDYHFEORFVSRLJQpHV
LQWHUYDOOHGHSHUoDJHPP3RXU5%5<
$FFHVVRLUHV
5$ %RLWHGHVWRFNDJHDYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH
5$ %DFjJODoRQVSHWLWPRGqOHSRXULQVWDOODWLRQDYHFDQJOHG
RXYHUWXUHGHSRUWHjƒ
5$ )LOWUHjFKDUERQDFWLISRXUOHV\VWqPHGH=OWUHjHDX
(7 )LOWUHjFKDUERQDFWLI SLqFHGpWDFKpH ‡ ‡ ‡ ‡
$SSDUHLOVGHIURLG 

5pIULJpUDWHXU 5pIULJpUDWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU


 
5& 5& 5) 5) 5) 5) 5) 5)

5$ 5$ 5$ 5$ 5$ 5$ 5$ 5$


5$ 5$ 5$ 5$ 5$ 5$ 5$ 5$

5$ 5$ 5$ 5$ 5$ 5$ 5$ 5$

‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡

‡ ‡
‡ ‡ ‡
‡ ‡ ‡ ‡ ‡
‡ ‡
6LGHE\6LGH6pULH =RQHIUDvFKHXUSURFKHGHƒ&
5<  WLURLUVIUDvFKHXUSURFKHGHƒ&
UpJODJHVGHWHPSpUDWXUHSUpGpILQLV
² ]RQHVFOLPDWLTXHVGRQW]RQH HQWUHƒ&HWƒ&FRPELQpVDYHF
IUDvFKHXUSURFKHGHƒ& XQUpJODJHGHO
KXPLGLWpSRXUSRLVVRQ
² WLURLUVIUDvFKHXUSURFKHGHƒ& HWYLDQGHIUXLWVOpJXPHVERLVVRQV
DYHFUpJODJHVGHWHPSpWDWXUH VWDQGDUG
SUpGpILQLVHQWUHƒ&HWƒ& 9ROXPHXWLOHOLWUHV
² WDEOHWWHVHQYHUUHGLYLVpHV 
V\PpWULTXHPHQWUpJODEOHVHQ &RQJpODWHXU
KDXWHXU 6\VWqPH1R)URVWDYHF6XSHU
² )DEULTXHGHJODFHLQWpJUpHDYHF &RQJpODWLRQ
UDFFRUGHPHQWGLUHFWjO
HDX 7HPSpUDWXUHUpJODEOHGHƒ&j
² 'LVWULEXWHXUG
HDXLQWHUQHSRXUHDX ƒ&
IUDvFKH &RPSDUWLPHQWFRQJpODWHXUpWRLOHV
² VFpQDULRVG
pFODLUDJHSUpGpILQLV &DSDFLWpGHFRQJpODWLRQNJK
² 9ROXPHXWLOHOLWUHV $XWRQRPLHGHKHQFDVGH
FRXSXUHGHFRXUDQW
%DQGHDXGHFRPPDQGH WLURLUVHQWLqUHPHQWH[WUDFWLEOHV
&RQWU{OHpOHFWURQLTXHGHOD 9ROXPHXWLOHOLWUHV
WHPSpUDWXUHHWDIILFKDJHGHOD
WHPSpUDWXUH )DEULTXHGHJODFH
7RXFKHVVHQVLWLYHV ,QWpJUpHGDQVOHFRPSDUWLPHQW
FRQJpODWHXUUDFFRUGHPHQWGLUHFWj
&DUDFWpULVWLTXHVWHFKQLTXHV O
HDX
5pSDUWLWLRQG\QDPLTXHGXIURLG $UUrWVpSDUpGHODIDEULTXHGHJODFH
'pJLYUDJHDXWRPDWLTXHSDU 3URGXFWLRQGHJODoRQVHQYLURQ
pYDSRUDWLRQ NJK
$ODUPHHQFDVGHSRUWHRXYHUWH %DFjJODoRQVDPRYLEOHSRXUXQH
RXGHG\VIRQFWLRQQHPHQW UpVHUYHG
HQYLURQNJ
6pFXULWpHQIDQWV
0RGH5HSRVFHUWLILp6WDU. &RQVRPPDWLRQV
0RGH9DFDQFHV &ODVVHG
HIILFDFLWppQHUJpWLTXH(
3DQQHDX[ODWpUDX[HWGHVVXVGH VXUXQHpFKHOOHGH$j*
O
DSSDUHLOGHFRXOHXU$QWKUDFLWHIRQFp &RQVRPPDWLRQpQHUJpWLTXH
)LOWUHjFKDUERQDFWLISRXUV\VWqPH N:KDQñ
GHILOWUHjHDXDYHFLQGLFDWHXUGH 1LYHDXVRQRUH'% $ UHS:
VDWXUDWLRQDXQLYHDXGHO
pFUDQ 
೦1RXYHDX )LOWUHjDLUjFKDUERQDFWLI &RQVHLOVG
LQVWDOODWLRQ
5<  ೦  ࡱ  $QJOHG
RXYHUWXUHGHSRUWHGHƒ
=RQHIUDvFKHXU  ࡱ+7 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV UpJODEOHjƒ
SURFKHGHƒ& PRGH'LJLWDO +RPH&RQQHFW  'LVWDQFHGXPXUGHPPREOLJDWRLUH
3RVHOLEUHSRUWHVHWIDoDGHGXWLURLU /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH 6LODSUHVVLRQGHO
HDXHVWVXSpULHXUHj
LQR[FRXOHXU$QWKUDFLWH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp 03D EDU LQVWDOOHUXQHVRXSDSH
/DUJHXUFP GHVVHUYLFHV+RPH&RQQHFWGDQVOH GHOLPLWDWLRQGHSUHVVLRQHQWUHOH
+DXWHXUFP SD\VUHVSHFWLI/HVVHUYLFHV+RPH URELQHWG
DUULYpHG
HDXHWOHWX\DX
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV ñ3RXUDWWHLQGUHODFRQVRPPDWLRQ
$FFHVVRLUHVLQWpJUpV WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU pQHUJpWLTXHGpFODUpHLOIDXWXWLOLVHU
 SHOOHjJODoRQV ZZZKRPHFRQQHFWFRP OHVHQWUHWRLVHVOLYUpHVGHVpULH&HV
 ILOWUHjFKDUERQDFWLI HQWUHWRLVHVDXJPHQWHQWODSURIRQGHXU
5pIULJpUDWHXU GHO
DSSDUHLOG
HQYLURQFP6DQV
$FFHVVRLUHVHQRSWLRQ 6XSHU5pIULJpUDWLRQ FHVHQWUHWRLVHVO
DSSDUHLOHVW
5$    ࡱ 7HPSpUDWXUHUpJODEOHGHƒ& WRWDOHPHQWIRQFWLRQQHOPDLVVD
)LOWUHjHDXFKDUERQ  ࡱ+7 jƒ& FRQVRPPDWLRQpQHUJpWLTXHVHUD
DFWLISRXUV\VWqPHGHILOWUDWLRQ WDEOHWWHVHQYHUUHGHVpFXULWp OpJqUHPHQWSOXVpOHYpH
GLYLVpHVKDXWHXUUpJODEOH 
/LYUDEOHjSDUWLUGH0DL PDQXHOOHPHQWSRXUWRXWHVOHV 9DOHXUVGHUDFFRUGHPHQW
GHPLWDEOHWWHV &kEOHGHUDFFRUGHPHQWPDYHF
WDEOHWWH SULVH
JUDQGVFRPSDUWLPHQWVGDQVOD 5DFFRUGHPHQWjO
HDX
FRQWUHSRUWHSRXUERXWHLOOHV 7X\DXG
DUULYpHG
HDXPDYHF
EDOFRQQHWVGDQVODFRQWUHSRUWHGRQW FRQQH[LRQ
UpJODEOHVHQKDXWHXU 3UHVVLRQG
HDXGHj%DU
WLURLUJUDQGHODUJHXU
'LVWULEXWHXUG
HDXLQWHUQHDYHF
UDFFRUGHPHQWGLUHFWjO
HDXLQWpJUp
GDQVODSDURLODWpUDOHLQWpULHXUH
JDXFKH
(FODLUDJH/('DQWLpEORXLVVHPHQW
. 
VFpQDULRVG
pFODLUDJHSUpGpILQLVSRXU
O
pFODLUDJHpJDOHPHQWVpOHFWLRQQDEOHV
YLD+RPH&RQQHFW
3DURLDUULqUHLQWpULHXUHHQLQR[
9ROXPHXWLOHOLWUHV


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 







 
$



Ă
Ă % Ă

$
%
0HVXUHVĂHQĂPP
$SSDUHLOVGHIURLG 

&RPELQpUpIULJpUDWHXUFRQJpODWHXU =RQHIUDvFKHXUƒ&
9DULR6pULH 7LURLUVDYHFSRLJQpHVHQDOXPLQLXPHW
5%  IDFHDYDQWGXWLURLUDYHFXQGpJUDGp
JLYUp
² ,QWpULHXUDYHFGHVpOpPHQWVHQ pWDJqUHVHQYHUUHGHVpFXULWp
DOXPLQLXP*DJJHQDX/LJKW%URQ]H UpJODEOHVHQKDXWHXUGRQW
DVVHPEOpVDYHFSUpFLVLRQ SDUWLHOOHPHQWH[WUDFWLEOHV
² 7DEOHWWHVHWWLURLUVHQWLqUHPHQW WLURLUIUDvFKHXUSURFKHGHƒ&pFODLUp
H[WUDFWLEOHV HQWLqUHPHQWH[WUDFWLEOH
² &RQFHSWG
pFODLUDJHRSWLPDO 5pJODJHPDQXHOGHO
KXPLGLWp
² ]RQHVFOLPDWLTXHVGRQWWLURLUV ,GpDOSRXUIUXLWVHWOpJXPHV
IUDvFKHXUSURFKHGHƒ& WLURLUIUDvFKHXUSURFKHGHƒ&
² (WDJqUHVHQYHUUHGHVpFXULWpDYHF pFODLUpHWHQWLqUHPHQWH[WUDFWLEOH
SURILOpDOXPLQLXPPDVVLIH[WUDFWLEOHV ,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
HWUpJODEOHVHQKDXWHXU 9ROXPHQHWOLWUHV
² 6\VWqPH6RIWFORVHIHUPHWXUH
GRXFHHWVLOHQFLHXVHGHODSRUWH &RQJpODWHXU
² &RXOLVVDQWWpOHVFRSLTXHVRUWLH 6\VWqPH1R)URVWDYHF6XSHU
WRWDOHDYHFV\VWqPHGHIHUPHWXUH &RQJpODWLRQ
DPRUWLSRXUXQHIHUPHWXUHGRXFHHW 7HPSpUDWXUHUpJODEOHGHƒ&j
FRQWU{OpHGHVWLURLUV ƒ&
² 3UpVHQWRLUSRXUERXWHLOOHLQGLYLGXHOOH &RPSDUWLPHQWFRQJpODWHXUpWRLOHV
೦1RXYHDX HQERLVG
pUDEOHDYHFFRQQHFWHXU 7LURLUVDYHFSRLJQpHVHQDOXPLQLXPHW
5%೦  ࡱ PDJQpWLTXHLQWpJUp IDFHDYDQWGHVWLURLUVDYHFXQGpJUDGp
=RQHIUDvFKHXU  ࡱ+7 ² 9ROXPHQHWWRWDOOLWUHV JLYUp
SURFKHGHƒ& ² &ODVVHG
HIILFDFLWppQHUJpWLTXH' $LGHDXGpJLYUDJH
7RXWLQWpJUDEOH &DSDFLWpGHFRQJpODWLRQNJHQK
+RPH&RQQHFW %DQGHDXGHFRPPDQGH $XWRQRPLHGHKHQFDVGHFRXSXUH
/DUJHXUGHODQLFKHFP &RQWU{OHpOHFWURQLTXHGHOD GHFRXUDQW
+DXWHXUGHODQLFKHFP WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO WLURLUVGHFRQJpODWLRQGRQWH[WUD
7RXFKHVVHQVLWLYHV JUDQGYROXPH
/HSUL[FRPSUHQG WDEOHWWHVHQYHUUHGHVpFXULWp
 DFFXPXODWHXUVGHIURLG &DUDFWpULVWLTXHVWHFKQLTXHV 9ROXPHQHWOLWUHV
 FDVLHUVjRHXIV 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
EDFjJODoRQV 6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD &RQVRPPDWLRQV
 SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH &ODVVHG
HIILFDFLWppQHUJpWLTXH'
$FFHVVRLUHVHQRSWLRQ GHƒ VXUXQHpFKHOOHGH$j*
5$    ࡱ $ODUPHHQFDVGHSRUWHRXYHUWHRX &RQVRPPDWLRQG
pQHUJLHN:KDQ
3UpVHQWRLU  ࡱ+7 GHG\VIRQFWLRQQHPHQW 1LYHDXVRQRUH'% UHS: 
SRXUERXWHLOOHHQERLVG
pUDEOHKXLOp 
DYHFFRQQHFWHXUPDJQpWLTXHLQWpJUp 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV &RQVHLOVG
LQVWDOODWLRQ
5$    ࡱ PRGH'LJLWDO +RPH&RQQHFW  &KDUQLqUHSDQWRJUDSKH
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH &KDUQLqUHVjGURLWHUpYHUVLEOHV
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp $QJOHG
RXYHUWXUHGHSRUWHƒ
GHVVHUYLFHV+RPH&RQQHFWGDQVOH SHXWrWUHEORTXpjƒ
SD\VUHVSHFWLI/HVVHUYLFHV+RPH 3RLGVPD[LGHO
KDELOODJHGHVSRUWHV
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV 3RUWHGXKDXWNJ
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU 3RUWHGXEDVNJ
ZZZKRPHFRQQHFWFRP 
 9DOHXUVGHUDFFRUGHPHQW
5pIULJpUDWHXU 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
6XSHU5pIULJpUDWLRQ N:
7HPSpUDWXUHUpJODEOHGHƒ&j &kEOHGHUDFFRUGHPHQWPDYHF
ƒ& SULVH
pWDJqUHHQYHUUHEODQFVDWLQp
SUpVHQWRLUVSRXUERXWHLOOH
LQGLYLGXHOOHHQERLVG
pUDEOHPDVVLI
KXLOpDYHFFRQQHFWHXUPDJQpWLTXH
LQWpJUpHWSRVVLELOLWpGHSODFHUMXVTX
j
SUpVHQWRLUVSDUpWDJqUH
3RVVLELOLWpGHSODFHUERXWHLOOHV
PD[LPXPVXUXQHpWDJqUHDYHF
SUpVHQWRLUVLQGLYLGXHOV ERXWHLOOHV
VWDQGDUGGHO 
/HVSUpVHQWRLUVLQGLYLGXHOVGHERXWHLOOH
VRQWpJDOHPHQWDGDSWpVDX[ERXWHLOOHV
GHFKDPSDJQHHWDX[PDJQXPV
JUDQGEDOFRQQHWHQDOXPLQLXPSRXU
ERXWHLOOHVGDQVODFRQWUHSRUWH
EDOFRQQHWVHQDOXPLQLXPGDQVOD
FRQWUHSRUWH
(FODLUDJHLQWpULHXUEODQFFKDXG
. DYHFpOHPHQWVG
pFODLUDJH
DQWLpEORXLVVHPHQWLQWpJUpVODWpUDOHPHQW
9ROXPHQHWOLWUHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RPELQpUpIULJpUDWHXUFRQJpODWHXU =RQHIUDvFKHXUƒ&
9DULR6pULH 7LURLUVDYHFSRLJQpHVHQDOXPLQLXPHW
57  IDFHDYDQWGXWLURLUDYHFXQGpJUDGp
JLYUp
² ,QWpULHXUDYHFGHVpOpPHQWVHQ WLURLUIUDvFKHXUSURFKHGHƒ&pFODLUp
DOXPLQLXP*DJJHQDX/LJKW%URQ]H HQWLqUHPHQWH[WUDFWLEOH
DVVHPEOpVDYHFSUpFLVLRQ 5pJODJHPDQXHOGHO
KXPLGLWp
² 7DEOHWWHVHWWLURLUVHQWLqUHPHQW ,GpDOSRXUIUXLWVHWOpJXPHV
H[WUDFWLEOHV WLURLUVIUDvFKHXUSURFKHGHƒ&
² &RQFHSWG
pFODLUDJHRSWLPDO pFODLUpVHQWLqUHPHQWH[WUDFWLEOHV
² ]RQHVFOLPDWLTXHVGRQWWLURLUV ,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
IUDvFKHXUSURFKHGHƒ& 9ROXPHQHWOLWUHV
² (WDJqUHVHQYHUUHGHVpFXULWpDYHF
SURILOpDOXPLQLXPPDVVLI &RQJpODWHXU
H[WUDFWLEOHVHWUpJODEOHVHQKDXWHXU 7HPSpUDWXUHGHFRQVHUYDWLRQƒ&
² &RXOLVVDQWWpOHVFRSLTXHVRUWLH HWSOXVIURLG
WRWDOHDYHFV\VWqPHGHIHUPHWXUH &RPSDUWLPHQWFRQJpODWHXUpWRLOHV
DPRUWLSRXUXQHIHUPHWXUHGRXFHHW &DSDFLWpGHFRQJpODWLRQNJHQK
FRQWU{OpHGHVWLURLUV $XWRQRPLHGHKHQFDVGHFRXSXUH
² 3UpVHQWRLUSRXUERXWHLOOH GHFRXUDQW
LQGLYLGXHOOHHQERLVG
pUDEOHDYHF 9ROXPHQHWOLWUHV
FRQQHFWHXUPDJQpWLTXHLQWpJUp
೦1RXYHDX ² 9ROXPHQHWWRWDOOLWUHV &RQVRPPDWLRQV
57೦  ࡱ ² &ODVVHG
HIILFDFLWppQHUJpWLTXH( &ODVVHG
HIILFDFLWppQHUJpWLTXH(
=RQHIUDvFKHXU  ࡱ+7 VXUXQHpFKHOOHGH$j*
SURFKHGHƒ& %DQGHDXGHFRPPDQGH &RQVRPPDWLRQG
pQHUJLHN:KDQ
7RXWLQWpJUDEOH &RQWU{OHpOHFWURQLTXHGHOD 1LYHDXVRQRUH'% UHS: 
+RPH&RQQHFW WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO 
/DUJHXUGHODQLFKHFP 7RXFKHVVHQVLWLYHV &RQVHLOVG
LQVWDOODWLRQ
+DXWHXUGHODQLFKHFP &KDUQLqUHSDQWRJUDSKH
&DUDFWpULVWLTXHVWHFKQLTXHV &KDUQLqUHVjGURLWHUpYHUVLEOHV
/HSUL[FRPSUHQG 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ $QJOHG
RXYHUWXUHGHSRUWHƒ
 FDVLHUVjRHXIV 6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD SHXWrWUHEORTXpjƒ
EDFjJODoRQV SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH 3RLGVPD[LGHO
KDELOODJHGHODSRUWH
 GHƒ NJ
$FFHVVRLUHVHQRSWLRQ $ODUPHHQFDVGHSRUWHRXYHUWHRX 
5$    ࡱ GHG\VIRQFWLRQQHPHQW 9DOHXUVGHUDFFRUGHPHQW
3UpVHQWRLU  ࡱ+7 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
SRXUERXWHLOOHHQERLVG
pUDEOHKXLOp 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV N:
DYHFFRQQHFWHXUPDJQpWLTXHLQWpJUp PRGH'LJLWDO +RPH&RQQHFW  &kEOHGHUDFFRUGHPHQWPDYHF
5$    ࡱ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH SULVH
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

5pIULJpUDWHXU
6XSHU5pIULJpUDWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&j
ƒ&
pWDJqUHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXUGRQW
SDUWLHOOHPHQWH[WUDFWLEOHV
pWDJqUHHQYHUUHEODQFVDWLQp
SUpVHQWRLUVSRXUERXWHLOOH
LQGLYLGXHOOHHQERLVG
pUDEOHPDVVLI
KXLOpDYHFFRQQHFWHXUPDJQpWLTXH
LQWpJUpHWSRVVLELOLWpGHSODFHUMXVTX
j
SUpVHQWRLUVSDUpWDJqUH
3RVVLELOLWpGHSODFHUERXWHLOOHV
PD[LPXPVXUXQHpWDJqUHDYHF
SUpVHQWRLUVLQGLYLGXHOV ERXWHLOOHV
VWDQGDUGGHO 
/HVSUpVHQWRLUVLQGLYLGXHOVGHERXWHLOOH
VRQWpJDOHPHQWDGDSWpVDX[ERXWHLOOHV
GHFKDPSDJQHHWDX[PDJQXPV
JUDQGEDOFRQQHWHQDOXPLQLXPSRXU
ERXWHLOOHVGDQVODFRQWUHSRUWH
EDOFRQQHWVHQDOXPLQLXPGDQVOD
FRQWUHSRUWH
(FODLUDJHLQWpULHXUEODQFFKDXG
. DYHFpOHPHQWVG
pFODLUDJH
DQWLpEORXLVVHPHQWLQWpJUpVODWpUDOHPHQW
9ROXPHQHWOLWUHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

5pIULJpUDWHXU9DULR6pULH =RQHIUDvFKHXUƒ&
5&  7LURLUVDYHFSRLJQpHVHQDOXPLQLXPHW
IDFHDYDQWGXWLURLUDYHFXQGpJUDGp
² ,QWpULHXUDYHFGHVpOpPHQWVHQ JLYUp
DOXPLQLXP*DJJHQDX/LJKW%URQ]H WLURLUIUDvFKHXUSURFKHGHƒ&
DVVHPEOpVDYHFSUpFLVLRQ pFODLUpHQWLqUHPHQWH[WUDFWLEOH
² 7DEOHWWHVHWWLURLUVHQWLqUHPHQW 5pJODJHPDQXHOGHO
KXPLGLWp
H[WUDFWLEOHV ,GpDOSRXUIUXLWVHWOpJXPHV
² &RQFHSWG
pFODLUDJHRSWLPDO WLURLUVIUDvFKHXUSURFKHGHƒ&
² ]RQHVFOLPDWLTXHVGRQWWLURLUV pFODLUpVHQWLqUHPHQWH[WUDFWLEOHV
IUDvFKHXUSURFKHGHƒ& ,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
² (WDJqUHVHQYHUUHGHVpFXULWpDYHF 9ROXPHQHWOLWUHV
SURILOpDOXPLQLXPPDVVLIH[WUDFWLEOHV
HWUpJODEOHVHQKDXWHXU &RQVRPPDWLRQV
² &RPELQDLVRQSRVVLEOHHQ &ODVVHG
HIILFDFLWppQHUJpWLTXH'
FRQILJXUDWLRQ6LGHE\6LGHDYHFOH VXUXQHpFKHOOHGH$j*
FRQJpODWHXU5) &RQVRPPDWLRQG
pQHUJLHN:KDQ
² 6\VWqPH6RIWFORVHIHUPHWXUH 1LYHDXVRQRUH'% UHS: 
GRXFHHWVLOHQFLHXVHGHODSRUWH 
² &RXOLVVDQWWpOHVFRSLTXHVRUWLH &RQVHLOVG
LQVWDOODWLRQ
WRWDOHDYHFV\VWqPHGHIHUPHWXUH &KDUQLqUHSDQWRJUDSKH
DPRUWLSRXUXQHIHUPHWXUHGRXFH &KDUQLqUHVjGURLWHUpYHUVLEOHV
೦1RXYHDX HWFRQWU{OpHGHVWLURLUV $QJOHG
RXYHUWXUHGHSRUWHƒ
5&೦  ࡱ ² 3UpVHQWRLUSRXUERXWHLOOH SHXWrWUHEORTXpjƒ
=RQHIUDvFKHXU  ࡱ+7 LQGLYLGXHOOHHQERLVG
pUDEOHDYHF 3RLGVPD[LGHO
KDELOODJHGHODSRUWH
SURFKHGHƒ& FRQQHFWHXUPDJQpWLTXHLQWpJUp NJ
7RXWLQWpJUDEOH ² 9ROXPHQHWWRWDOOLWUHV 3RXUXQHLQVWDOODWLRQHQ6LGHE\6LGH
+RPH&RQQHFW ² &ODVVHG
HIILFDFLWppQHUJpWLTXH' FKDTXHDSSDUHLOGRLWrWUHLQVWDOOpGDQV
/DUJHXUGHODQLFKHFP VDSURSUHQLFKH
+DXWHXUGHODQLFKHFP %DQGHDXGHFRPPDQGH 
&RQWU{OHpOHFWURQLTXHGHOD 9DOHXUVGHUDFFRUGHPHQW
/HSUL[FRPSUHQG WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO 3XLVVDQFHWRWDOHDEVRUEpHN:
 FDVLHUVjRHXIV 7RXFKHVVHQVLWLYHV &kEOHGHUDFFRUGHPHQWPDYHF
SULVH
$FFHVVRLUHVHQRSWLRQ &DUDFWpULVWLTXHVWHFKQLTXHV
5$    ࡱ 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
3UpVHQWRLU  ࡱ+7 6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD
SRXUERXWHLOOHHQERLVG
pUDEOHKXLOp SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUHGH
DYHFFRQQHFWHXUPDJQpWLTXHLQWpJUp ƒ
5$    ࡱ $ODUPHHQFDVGHSRUWHRXYHUWHRXGH
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 G\VIRQFWLRQQHPHQW
DYHFFRXYHUFOHWUDQVSDUHQW$QWKUDFLWH
0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

5pIULJpUDWHXU
6XSHU5pIULJpUDWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&jƒ&
WDEOHWWHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXUGRQW
HQWLqUHPHQWH[WUDFWLEOH
pWDJqUHHQYHUUHEODQFVDWLQp
SUpVHQWRLUVSRXUERXWHLOOHLQGLYLGXHOOH
HQERLVG
pUDEOHPDVVLIKXLOpDYHF
FRQQHFWHXUPDJQpWLTXHLQWpJUp
HWSRVVLELOLWpGHSODFHUMXVTX
j
SUpVHQWRLUVSDUpWDJqUH
3RVVLELOLWpGHSODFHUERXWHLOOHV
PD[LPXPVXUXQHpWDJqUHDYHF
SUpVHQWRLUVLQGLYLGXHOV ERXWHLOOHV
VWDQGDUGGHO 
/HVSUpVHQWRLUVLQGLYLGXHOVGHERXWHLOOH
VRQWpJDOHPHQWDGDSWpVDX[ERXWHLOOHV
GHFKDPSDJQHHWDX[PDJQXPV
JUDQGEDOFRQQHWHQDOXPLQLXPSRXU
ERXWHLOOHVGDQVODFRQWUHSRUWH
EDOFRQQHWVHQDOXPLQLXPGDQVOD
FRQWUHSRUWH
(FODLUDJHLQWpULHXUEODQFFKDXG
. DYHFpOHPHQWVG
pFODLUDJH
DQWLpEORXLVVHPHQWLQWpJUpVODWpUDOHPHQW
9ROXPHQHWOLWUHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQJpODWHXU9DULR6pULH
5) 

² ,QWpULHXUDYHFGHVpOpPHQWVHQ
DOXPLQLXP*DJJHQDX/LJKW%URQ]H
DVVHPEOpVDYHFSUpFLVLRQ
² (WDJqUHVHQYHUUHGHVpFXULWp
HQFDGUpHVSDUGHVSURILOpVHQ
DOXPLQLXPPDVVLI
² 7LURLUVDYHFSRLJQpHVHQDOXPLQLXP
HWIDFHDYDQWGHVWLURLUVDYHFXQ
GpJUDGpJLYUp
² (FODLUDJHLQWpULHXUEODQFFKDXG
. DYHFpOpPHQWVG
pFODLUDJH
DQWLpEORXLVVHPHQWLQWpJUpV
ODWpUDOHPHQW
² $FFqVGLUHFWJUkFHDX[VXUIDFHVGH
UDQJHPHQWRXYHUWHV
² &RPELQDEOHHQFRQILJXUDWLRQ
6LGHE\6LGHDYHFOHUpIULJpUDWHXU
5&
² &RPELQDLVRQSRVVLEOHHQ
೦1RXYHDX FRQILJXUDWLRQ6LGHE\6LGHDYHFOD
5)೦  ࡱ FDYHjYLQ5:
7RXWLQWpJUDEOH  ࡱ+7 ² 6\VWqPH6RIWFORVHIHUPHWXUH
/DUJHXUGHODQLFKHFP GRXFHHWVLOHQFLHXVHGHODSRUWH
+DXWHXUGHODQLFKHFP ² 9ROXPHQHWWRWDOOLWUHV

/HSUL[FRPSUHQG %DQGHDXGHFRPPDQGH
 DFFXPXODWHXUVGHIURLG &RQWU{OHpOHFWURQLTXHGHOD
EDFjJODoRQV WHPSpUDWXUHHWDIILFKDJHGHOD
WHPSpUDWXUH
7RXFKHVVHQVLWLYHV

&DUDFWpULVWLTXHVWHFKQLTXHV
5pSDUWLWLRQG\QDPLTXHGXIURLG
6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD
SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
GHƒ
$ODUPHHQFDVGHSRUWHRXYHUWHRXGH
G\VIRQFWLRQQHPHQW

&RQJpODWHXU
6\VWqPH1R)URVWDYHF6XSHU
&RQJpODWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&
jƒ&
&RPSDUWLPHQWFRQJpODWHXUpWRLOHV
&DSDFLWpGHFRQJpODWLRQNJ
HQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW
WLURLUVGHFRQJpODWLRQGRQWJUDQG
YROXPHDPRYLEOHV
pWDJqUHVHQYHUUHGHVpFXULWp
DPRYLEOHV
9ROXPHQHWOLWUHV

&RQVRPPDWLRQV
&ODVVHG
HIILFDFLWppQHUJpWLTXH(VXU
XQHpFKHOOHGH$j*
&RQVRPPDWLRQG
pQHUJLHN:KDQ
1LYHDXVRQRUH'% UHS: 

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHSDQWRJUDSKH
&KDUQLqUHVjJDXFKHUpYHUVLEOHV
$QJOHG
RXYHUWXUHGHSRUWHƒ
SHXWrWUHEORTXpjƒ
3RLGVPD[LGHO
KDELOODJHGHODSRUWH
NJ
3RXUXQHLQVWDOODWLRQHQ6LGHE\6LGH
FKDTXHDSSDUHLOGRLWrWUHLQVWDOOpGDQV
VDSURSUHQLFKH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
N:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG  
$SSDUHLOVGHIURLG 

&RQVRPPDWLRQV
&ODVVHG
HZFDFLWppQHUJpWLTXH'
&RPELQpUpIULJpUDWHXUFRQJpODWHXU VXUXQHpFKHOOHGH$j*
6pULH &RQVRPPDWLRQG
pQHUJLHN:KDQ
5%  1LYHDXVRQRUH'% UHS: 

² ]RQHVFOLPDWLTXHVGRQWWLURLUV &RQVHLOVG
LQVWDOODWLRQ
IUDvFKHXUSURFKHGHƒ& &KDUQLqUHSDQWRJUDSKH
² 7DEOHWWHVHQYHUUHGHVpFXULWp &KDUQLqUHVjGURLWHUpYHUVLEOHV
UpJODEOHVHQKDXWHXU $QJOHG
RXYHUWXUHGHSRUWHƒ
² &RPSDUWLPHQWVSURILOpDOXPLQLXP SHXWrWUHEORTXpjƒ
GDQVODFRQWUHSRUWH 3RLGVPD[LGHO
KDELOODJHGHVSRUWHV
² 6\VWqPH6RIWFORVHIHUPHWXUH 3RUWHGXKDXWNJ
GRXFHHWVLOHQFLHXVHGHODSRUWH 3RUWHGXEDVNJ
² 9ROXPHQHWWRWDOOLWUHV
9DOHXUVGHUDFFRUGHPHQW
² &ODVVHG
HIILFDFLWppQHUJpWLTXH'
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
N:
%DQGHDXGHFRPPDQGH &kEOHGHUDFFRUGHPHQWP
&RQWU{OHpOHFWURQLTXHGHOD DYHFSULVH
WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO
7RXFKHVVHQVLWLYHV
೦1RXYHDX
5%  ೦  ࡱ &DUDFWpULVWLTXHVWHFKQLTXHV
=RQHIUDvFKHXUSURFKH  ࡱ+7 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
GHƒ& 6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD
7RXWLQWpJUDEOH SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
+RPH&RQQHFW GHƒ
/DUJHXUGHODQLFKHFP $ODUPHHQFDVGHSRUWHRXYHUWHRXGH
+DXWHXUGHODQLFKHFP G\VIRQFWLRQQHPHQW

/HSUL[FRPSUHQG 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
 DFFXPXODWHXUVGHIURLG PRGH'LJLWDO +RPH&RQQHFW 
 FDVLHUVj±XIV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
 FOD\HWWHjYLQHWFKDPSDJQH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
 EDFjJODoRQV GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
$FFHVVRLUHVHQRSWLRQ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
5$    ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 ZZZKRPHFRQQHFWFRP
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH
5pIULJpUDWHXU
6XSHU5pIULJpUDWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&
jƒ&
WDEOHWWHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXUGRQW
HQWLqUHPHQWH[WUDFWLEOH
WDEOHWWH
6XSSRUWFURFKHWHQDFLHUSRXU
ERXWHLOOHVGHYLQRXFKDPSDJQH
HQWLqUHPHQWUpWUDFWDEOH
ODUJHEDOFRQQHWSURILOpDOXPLQLXP
SRXUERXWHLOOHVGDQVODFRQWUHSRUWH
DYHFXQIL[DWHXUGHERXWHLOOHVUpJODEOH
EDOFRQQHWSURILOpDOXPLQLXPGDQVOD
FRQWUHSRUWH
(FODLUDJHLQWpULHXUOXPLQHX[pOpPHQWV
G
pFODLUDJHDQWLpEORXLVVHPHQWLQWpJUpV
ODWpUDOHPHQW
9ROXPHQHWOLWUHV

=RQHIUDvFKHXUSURFKHGHƒ&
WLURLUIUDvFKHXUSURFKHGHƒ&
pFODLUp
HQWLqUHPHQWH[WUDFWLEOH
5pJODJHPDQXHOGHO
KXPLGLWp
,GpDOSRXUIUXLWVHWOpJXPHV
,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
9ROXPHQHWOLWUHV

&RQJpODWHXU
6\VWqPH1R)URVWDYHF6XSHU
&RQJpODWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&
jƒ&
&RPSDUWLPHQWFRQJpODWHXUpWRLOHV
$LGHDXGpJLYUDJH
&DSDFLWpGHFRQJpODWLRQNJHQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW
WLURLUVGHFRQJpODWLRQGRQWH[WUD
JUDQGYROXPH
WDEOHWWHVHQYHUUHGHVpFXULWp
9ROXPHQHWOLWUHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
5pIULJpUDWHXUFRQJpODWHXU6pULH &RQVRPPDWLRQV
57  &ODVVHG
HIILFDFLWppQHUJpWLTXH(
VXUXQHpFKHOOHGH$j*
² ]RQHVFOLPDWLTXHVGRQWWLURLUV &RQVRPPDWLRQG
pQHUJLHN:KDQ
IUDvFKHXUSURFKHGHƒ& 1LYHDXVRQRUH'% UHS: 
² 7DEOHWWHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXU &RQVHLOVG
LQVWDOODWLRQ
² &RPSDUWLPHQWVSURILOpDOXPLQLXP &KDUQLqUHSDQWRJUDSKH
GDQVODFRQWUHSRUWH &KDUQLqUHVjGURLWHUpYHUVLEOHV
² 6\VWqPH6RIWFORVHIHUPHWXUH $QJOHG
RXYHUWXUHGHSRUWHƒ
GRXFHHWVLOHQFLHXVHGHODSRUWH SHXWrWUHEORTXpjƒ
² 9ROXPHQHWWRWDOOLWUHV 3RLGVPD[LGHO
KDELOODJHGHODSRUWH
² &ODVVHG
HIILFDFLWppQHUJpWLTXH( NJ

%DQGHDXGHFRPPDQGH 9DOHXUVGHUDFFRUGHPHQW
&RQWU{OHpOHFWURQLTXHGHOD 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO N:
7RXFKHVVHQVLWLYHV &kEOHGHUDFFRUGHPHQWPDYHF
SULVH
೦1RXYHDX &DUDFWpULVWLTXHVWHFKQLTXHV
57೦  ࡱ 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
=RQHIUDvFKHXU  ࡱ+7 6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD
SURFKHGHƒ& SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
7RXWLQWpJUDEOH GHƒ
+RPH&RQQHFW $ODUPHHQFDVGHSRUWHRXYHUWHRX
/DUJHXUGHODQLFKHFP GHG\VIRQFWLRQQHPHQW
+DXWHXUGHODQLFKHFP
0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
/HSUL[FRPSUHQG PRGH'LJLWDO +RPH&RQQHFW 
 FDVLHUVjRHXIV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
 FOD\HWWHjYLQHWFKDPSDJQH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
 EDFjJODoRQVDYHFFRXYHUFOH GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
$FFHVVRLUHVHQRSWLRQ &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
5$    ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 ZZZKRPHFRQQHFWFRP
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH
 5pIULJpUDWHXU
6XSHU5pIULJpUDWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&
jƒ&
WDEOHWWHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXUGRQW
HQWLqUHPHQWH[WUDFWLEOH
WDEOHWWH
6XSSRUWFURFKHWHQDFLHUSRXU
ERXWHLOOHVGHYLQRXGHFKDPSDJQH
HQWLqUHPHQWUpWUDFWDEOH
JUDQGEDOFRQQHWSURILOpDOXPLQLXP
SRXUERXWHLOOHVGDQVODFRQWUHSRUWH
DYHFXQIL[DWHXUGHERXWHLOOHVUpJODEOH
EDOFRQQHWVSURILOpVDOXPLQLXPGDQV
ODFRQWUHSRUWH
(FODLUDJHLQWpULHXUOXPLQHX[pOpPHQWV
G
pFODLUDJHDQWLpEORXLVVHPHQWLQWpJUpV
ODWpUDOHPHQW
9ROXPHQHWOLWUHV

=RQHIUDvFKHXUSURFKHGHƒ&
WLURLUIUDvFKHXUSURFKHGHƒ&
pFODLUp
HQWLqUHPHQWH[WUDFWLEOH
5pJODJHPDQXHOGHO
KXPLGLWp
,GpDOSRXUIUXLWVHWOpJXPHV
WLURLUVIUDvFKHXUSURFKHGHƒ&
pFODLUpVHQWLqUHPHQWH[WUDFWLEOHV
,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
9ROXPHQHWOLWUHV

&RQJpODWHXU
7HPSpUDWXUHGHFRQVHUYDWLRQƒ&
HWSOXVIURLG
&RPSDUWLPHQWFRQJpODWHXUpWRLOHV
&DSDFLWpGHFRQJpODWLRQNJHQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW
9ROXPHQHWOLWUHV

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

&RQJpODWHXU6pULH 9DOHXUVGHUDFFRUGHPHQW
57  3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
N:
² ]RQHVFOLPDWLTXHVGRQWWLURLU &kEOHGHUDFFRUGHPHQWPDYHF
]RQHIUDvFKHXUDYHFKXPLGLWp SULVH
UpJODEOHPDQXHOOHPHQW
² 7DEOHWWHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXU
² &RPSDUWLPHQWVSURILOpDOXPLQLXP
GDQVODFRQWUHSRUWH
² 6\VWqPH6RIWFORVHIHUPHWXUH
GRXFHHWVLOHQFLHXVHGHODSRUWH
² 9ROXPHQHWWRWDOOLWUHV

%DQGHDXGHFRPPDQGH
&RQWU{OHpOHFWURQLTXHGHOD
WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO
7RXFKHVVHQVLWLYHV

೦1RXYHDX &DUDFWpULVWLTXHVWHFKQLTXHV
57೦  ࡱ 5pSDUWLWLRQG\QDPLTXHGXIURLG
7RXWLQWpJUDEOH  ࡱ+7 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
/DUJHXUGHODQLFKHFP 6\VWqPHGHIHUPHWXUH6RIWFORVHGH
+DXWHXUGHODQLFKHFP ODSRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
GHƒ
/HSUL[FRPSUHQG $ODUPHHQFDVGHSRUWHRXYHUWHRX
 FDVLHUVjRHXIV GHG\VIRQFWLRQQHPHQW
 FOD\HWWHjYLQHWFKDPSDJQH
 EDFjJODoRQV 5pIULJpUDWHXU
 7HPSpUDWXUHUpJODEOHGHƒ&j
$FFHVVRLUHVHQRSWLRQ ƒ&
5$    ࡱ WDEOHWWHVHQYHUUHGHVpFXULWpGRQW
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 HQWLqUHPHQWH[WUDFWLEOHHWUpJODEOHV
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH HQKDXWHXU
 WDEOHWWH
6XSSRUWFURFKHWHQDFLHUSRXU
ERXWHLOOHVGHYLQRXGHFKDPSDJQH
HQWLqUHPHQWUpWUDFWDEOH
JUDQGEDOFRQQHWSURILOpDOXPLQLXP
SRXUERXWHLOOHVGDQVODFRQWUHSRUWH
DYHFXQIL[DWHXUGHERXWHLOOHVUpJODEOH
EDOFRQQHWVSURILOpVDOXPLQLXPGDQV
ODFRQWUHSRUWH
WLURLUjOpJXPHV
(FODLUDJHLQWpULHXUOXPLQHX[pOpPHQWV
G
pFODLUDJHDQWLpEORXLVVHPHQWLQWpJUpV
ODWpUDOHPHQW
9ROXPHQHWOLWUHV

=RQHIUDvFKHXU
WLURLUIUDvFKHXUJUDQGHODUJHXU
5pJODJHPDQXHOGHO
KXPLGLWp
,GpDOSRXUIUXLWVHWOpJXPHV

&RQJpODWHXU
6XSHU&RQJpODWLRQ
7HPSpUDWXUHGHFRQVHUYDWLRQƒ&
HWSOXVIURLG
&RPSDUWLPHQWFRQJpODWHXUpWRLOHV
&DSDFLWpGHFRQJpODWLRQNJHQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW
9ROXPHQHWOLWUHV

&RQVRPPDWLRQV
&ODVVHG
HIILFDFLWppQHUJpWLTXH)VXU
XQHpFKHOOHGH$j*
&RQVRPPDWLRQG
pQHUJLHN:KDQ
1LYHDXVRQRUH'% UHS: 

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHSDQWRJUDSKH
&KDUQLqUHVjGURLWHUpYHUVLEOHV
$QJOHG
RXYHUWXUHGHSRUWHƒ
SHXWrWUHEORTXpjƒ
3RLGVPD[LGHO
KDELOODJHGHODSRUWH
NJ

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
5pIULJpUDWHXU6pULH &RQVHLOVG
LQVWDOODWLRQ
5&  &KDUQLqUHSDQWRJUDSKH
&KDUQLqUHVjGURLWHUpYHUVLEOHV
² ]RQHVFOLPDWLTXHVGRQWWLURLUV $QJOHG
RXYHUWXUHGHSRUWHƒ
IUDvFKHXUSURFKHGHƒ& SHXWrWUHEORTXpjƒ
² 7DEOHWWHVHQYHUUHGHVpFXULWp 3RLGVPD[LGHO
KDELOODJHGHODSRUWH
UpJODEOHVHQKDXWHXU NJ
² &RPSDUWLPHQWVSURILOpDOXPLQLXP 3RXUXQHLQVWDOODWLRQHQ6LGHE\6LGH
GDQVODFRQWUHSRUWH FKDTXHDSSDUHLOGRLWrWUHLQVWDOOpGDQV
² &RPELQDLVRQSRVVLEOHHQ VDSURSUHQLFKH
FRQILJXUDWLRQ6LGHE\6LGHDYHF
OHFRQJpODWHXU5) 9DOHXUVGHUDFFRUGHPHQW
² 6\VWqPH6RIWFORVHIHUPHWXUH 3XLVVDQFHWRWDOHDEVRUEpHN:
GRXFHHWVLOHQFLHXVHGHODSRUWH &kEOHGHUDFFRUGHPHQWPDYHF
² 9ROXPHQHWWRWDOOLWUHV SULVH
² &ODVVHG
HIILFDFLWppQHUJpWLTXH'

%DQGHDXGHFRPPDQGH
೦1RXYHDX &RQWU{OHpOHFWURQLTXHGHOD
5&೦  ࡱ WHPSpUDWXUHDYHFDIILFKDJHGLJLWDO
=RQHIUDvFKHXU  ࡱ+7 7RXFKHVVHQVLWLYHV
SURFKHGHƒ&
7RXWLQWpJUDEOH &DUDFWpULVWLTXHVWHFKQLTXHV
+RPH&RQQHFW 'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
/DUJHXUGHODQLFKHFP 6\VWqPHGHIHUPHWXUH6RIWFORVHGH
+DXWHXUGHODQLFKHFP ODSRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
GHƒ
/HSUL[FRPSUHQG $ODUPHHQFDVGHSRUWHRXYHUWHRXGH
 FDVLHUVjRHXIV G\VIRQFWLRQQHPHQW
 FOD\HWWHjYLQHWFKDPSDJQH
0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
$FFHVVRLUHVHQRSWLRQ PRGH'LJLWDO +RPH&RQQHFW 
5$    ࡱ /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

5pIULJpUDWHXU
6XSHU5pIULJpUDWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&
jƒ&
WDEOHWWHVHQYHUUHGHVpFXULWp
UpJODEOHVHQKDXWHXUGRQW
HQWLqUHPHQWH[WUDFWLEOH
WDEOHWWH
6XSSRUWFURFKHWHQDFLHUSRXU
ERXWHLOOHVGHYLQRXFKDPSDJQH
HQWLqUHPHQWUpWUDFWDEOH
ODUJHEDOFRQQHWSURILOpDOXPLQLXP
SRXUERXWHLOOHVGDQVODFRQWUHSRUWH
DYHFXQIL[DWHXUGHERXWHLOOHVUpJODEOH
EDOFRQQHWVSURILOpVDOXPLQLXPGDQV
ODFRQWUHSRUWH
(FODLUDJHLQWpULHXUOXPLQHX[pOpPHQWV
G
pFODLUDJHDQWLpEORXLVVHPHQWLQWpJUpV
ODWpUDOHPHQW
9ROXPHQHWOLWUHV

=RQHIUDvFKHXUSURFKHGHƒ&
WLURLUIUDvFKHXUSURFKHGHƒ&
pFODLUp
HQWLqUHPHQWH[WUDFWLEOH
5pJODJHPDQXHOGHO
KXPLGLWp
,GpDOSRXUIUXLWVHWOpJXPHV
WLURLUVIUDvFKHXUSURFKHGHƒ&
pFODLUpVHQWLqUHPHQWH[WUDFWLEOHV
,GpDOSRXUYLDQGHSRLVVRQHWYRODLOOH
9ROXPHQHWOLWUHV

&RQVRPPDWLRQV
&ODVVHG
HIILFDFLWppQHUJpWLTXH'
VXUXQHpFKHOOHGH$j*
&RQVRPPDWLRQG
pQHUJLHN:KDQ
1LYHDXVRQRUH'% UHS: 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

&RQJpODWHXU6pULH
5) 

² &RQILJXUDWLRQLQWpULHXUHIOH[LEOH
WRXVOHVWLURLUVHWWDEOHWWHVHQYHUUH
GHVpFXULWpVRQWDPRYLEOHV
² &RPELQDLVRQSRVVLEOHHQ
FRQILJXUDWLRQ6LGHE\6LGHDYHFOH
UpIULJpUDWHXU5&
² &RPELQDLVRQSRVVLEOHHQ
FRQILJXUDWLRQ6LGHE\6LGHDYHF
ODFDYHjYLQ5:
² 6\VWqPH6RIWFORVHIHUPHWXUH
GRXFHHWVLOHQFLHXVHGHODSRUWH
² 9ROXPHQHWWRWDOOLWUHV

%DQGHDXGHFRPPDQGH
&RQWU{OHpOHFWURQLTXHGHOD
WHPSpUDWXUHHWDIILFKDJHGHOD
೦1RXYHDX WHPSpUDWXUH
5)೦  ࡱ 7RXFKHVVHQVLWLYHV
7RXWLQWpJUDEOH  ࡱ+7
/DUJHXUGHODQLFKHFP &DUDFWpULVWLTXHVWHFKQLTXHV
+DXWHXUGHODQLFKHFP 5pSDUWLWLRQG\QDPLTXHGXIURLG
6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD
/HSUL[FRPSUHQG SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
 DFFXPXODWHXUVGHIURLG GHƒ
 EDFjJODoRQV $ODUPHHQFDVGHSRUWHRXYHUWHRX
 GHG\VIRQFWLRQQHPHQW

&RQJpODWHXU
6\VWqPH1R)URVWDYHF6XSHU
&RQJpODWLRQ
7HPSpUDWXUHUpJODEOHGHƒ&
jƒ&
&RPSDUWLPHQWFRQJpODWHXUpWRLOHV
&DSDFLWpGHFRQJpODWLRQNJHQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW
WLURLUVGHFRQJpODWLRQGRQWH[WUD
JUDQGYROXPH
WDEOHWWHVHQYHUUHGHVpFXULWpHQWUH
OHVWLURLUVGHFRQJpODWLRQ
WDEOHWWHVHQYHUUHGHVpFXULWpDYHF
XQFODSHWDYDQWWUDQVSDUHQW
7RXVOHVWLURLUVGHFRQJpODWLRQHWOHV
WDEOHWWHVHQYHUUHGHVpFXULWpVRQW
DPRYLEOHV
9ROXPHQHWOLWUHV

&RQVRPPDWLRQV
&ODVVHG
HIILFDFLWppQHUJpWLTXH)VXU
XQHpFKHOOHGH$j*
&RQVRPPDWLRQG
pQHUJLHN:KDQ
1LYHDXVRQRUH'% UHS: 

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHSDQWRJUDSKH
&KDUQLqUHVjJDXFKHUpYHUVLEOHV
$QJOHG
RXYHUWXUHGHSRUWHƒ
SHXWrWUHEORTXpjƒ
3RLGVPD[LGHO
KDELOODJHGHODSRUWH
NJ
3RXUXQHLQVWDOODWLRQHQ6LGHE\6LGH
FKDTXHDSSDUHLOGRLWrWUHLQVWDOOpGDQV
VDSURSUHQLFKH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
N:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
5pIULJpUDWHXUFRQJpODWHXU6pULH
57 

² 6\VWqPH6RIWFORVHIHUPHWXUH
GRXFHHWVLOHQFLHXVHGHODSRUWH
² 9ROXPHQHWWRWDOOLWUHV

&DUDFWpULVWLTXHVWHFKQLTXHV
'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ
6\VWqPHGHIHUPHWXUH6RIWFORVHGH
ODSRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
GHƒ

೦1RXYHDX 5pIULJpUDWHXU
57    ࡱ WDEOHWWHVHQYHUUHGHVpFXULWp
,QWpJUDEOHVRXVSODQ  ࡱ+7 GRQWUpJODEOHHQKDXWHXU
/DUJHXUGHODQLFKHFP WLURLUFRXOLVVDQW
+DXWHXUGHODQLFKHFP EDFjOpJXPHV
JUDQGFRPSDUWLPHQWSRXUERXWHLOOHV
/HSUL[FRPSUHQG GDQVODFRQWUHSRUWH
 FDVLHUjRHXIV FRPSDUWLPHQWVGDQVODFRQWUHSRUWH
 EDFjJODoRQV (FODLUDJHLQWpULHXUOXPLQHX[
9ROXPHQHWOLWUHV
$FFHVVRLUHVHQRSWLRQ
5$    ࡱ &RQJpODWHXU
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 7HPSpUDWXUHGHFRQVHUYDWLRQƒ&
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH HWSOXVIURLG
&RQJpODWHXUpWRLOHV
&DSDFLWpGHFRQJpODWLRQNJHQK
$XWRQRPLHGHKHQFDVGHFRXSXUH
GHFRXUDQW
9ROXPHQHWOLWUHV

&RQVRPPDWLRQV
&ODVVHG
HIILFDFLWppQHUJpWLTXH)VXU
XQHpFKHOOHGH$j*
&RQVRPPDWLRQG
pQHUJLHN:KDQ
1LYHDXVRQRUH'% UHS: 

&RQVHLOVG
LQVWDOODWLRQ
&KDUQLqUHSDQWRJUDSKH
&KDUQLqUHVjGURLWHUpYHUVLEOHV
$QJOHG
RXYHUWXUHGHSRUWHƒ
SHXWrWUHEORTXpjƒ
3RLGVPD[LGHO
KDELOODJHGHODSRUWH
NJ
3LHGVUpJODEOHVHQKDXWHXU
+DXWHXUGXVRFOHUpJODEOHGH
PPSRXUKDXWHXUGHQLFKHPP
+DXWHXUGXVRFOHUpJODEOHGH
PPSRXUKDXWHXUGHQLFKHPP
/DJULOOHG
DpUDWLRQOLYUpHGRLWrWUH
XWLOLVpH
/DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
ODQLFKH

9DOHXUVGHUDFFRUGHPHQW
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
N:
&kEOHGHUDFFRUGHPHQWPDYHF
SULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
$SSDUHLOVGHIURLG 

5pIULJpUDWHXU6pULH &RQJpODWHXU6pULH
5&  5) 

² &RPELQDEOHDYHFOHFRQJpODWHXU ² &RPELQDEOHDYHFOHUpIULJpUDWHXU
5) 6LGHE\6LGH 5& 6LGHE\6LGH 
² 6\VWqPH6RIWFORVHIHUPHWXUH ² 6\VWqPH6RIWFORVHIHUPHWXUH
GRXFHHWVLOHQFLHXVHGHODSRUWH GRXFHHWVLOHQFLHXVHGHODSRUWH
² 9ROXPHQHWWRWDOOLWUHV ² 9ROXPHQHWWRWDOOLWUHV

&DUDFWpULVWLTXHVWHFKQLTXHV &DUDFWpULVWLTXHVWHFKQLTXHV
'pJLYUDJHDXWRPDWLTXHSDUpYDSRUDWLRQ 6\VWqPHGHIHUPHWXUH6RIWFORVHGH
6\VWqPHGHIHUPHWXUH6RIWFORVHGHOD ODSRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH
SRUWHjSDUWLUG
XQDQJOHG
RXYHUWXUH GHƒ
೦1RXYHDX GHƒ ೦1RXYHDX $ODUPHGHG\VIRQFWLRQQHPHQW
5&  ೦  ࡱ 5)  ೦  ࡱ
,QWpJUDEOHVRXVSODQ  ࡱ+7 5pIULJpUDWHXU ,QWpJUDEOHVRXVSODQ  ࡱ+7 &RQJpODWHXU
/DUJHXUGHODQLFKHFP WDEOHWWHVHQYHUUHGHVpFXULWp /DUJHXUGHODQLFKHFP 6XSHU&RQJpODWLRQ
+DXWHXUGHODQLFKHFP GRQWUpJODEOHVHQKDXWHXU +DXWHXUGHODQLFKHFP 5pJODJHGHODWHPSpUDWXUH
WLURLUFRXOLVVDQW &RPSDUWLPHQWFRQJpODWHXUpWRLOHV
/HSUL[FRPSUHQG EDFjOpJXPHV /HSUL[FRPSUHQG &DSDFLWpGHFRQJpODWLRQNJHQK
 FDVLHUjRHXIV JUDQGFRPSDUWLPHQWSRXUERXWHLOOHV  DFFXPXODWHXUVGHIURLG $XWRQRPLHGHKHQFDVGHFRXSXUH
GDQVODFRQWUHSRUWH  EDFjJODoRQV GHFRXUDQW
$FFHVVRLUHVHQRSWLRQ FRPSDUWLPHQWVGDQVODFRQWUHSRUWH WLURLUVGHFRQJpODWLRQ
5$    ࡱ (FODLUDJHLQWpULHXUOXPLQHX[ 9ROXPHQHWOLWUHV
%RvWHGHFRQVHUYDWLRQ  ࡱ+7 9ROXPHQHWOLWUHV
DYHFFRXYHUFOHWUDQVSDUHQW$QWKUDFLWH &RQVRPPDWLRQV
&RQVRPPDWLRQV &ODVVHG
HIILFDFLWppQHUJpWLTXH)
&ODVVHG
HIILFDFLWppQHUJpWLTXH)VXU VXUXQHpFKHOOHGH$j*
XQHpFKHOOHGH$j* &RQVRPPDWLRQG
pQHUJLHN:KDQ
&RQVRPPDWLRQG
pQHUJLHN:KDQ 1LYHDXVRQRUH'% UHS: 
1LYHDXVRQRUH'% UHS: 
 &RQVHLOVG
LQVWDOODWLRQ
&RQVHLOVG
LQVWDOODWLRQ &KDUQLqUHSDQWRJUDSKH
&KDUQLqUHSDQWRJUDSKH &KDUQLqUHVjGURLWHUpYHUVLEOHV
&KDUQLqUHVjGURLWHUpYHUVLEOHV $QJOHG
RXYHUWXUHGHSRUWHƒ
$QJOHG
RXYHUWXUHGHSRUWHƒ SHXWrWUHEORTXpjƒ
SHXWrWUHEORTXpjƒ 3RLGVPD[LGHO
KDELOODJHGHODSRUWH
3RLGVPD[LGHO
KDELOODJHGHODSRUWH NJ
NJ 3LHGVUpJODEOHVHQKDXWHXU
3LHGVUpJODEOHVHQKDXWHXU +DXWHXUGXVRFOHUpJODEOHGH
+DXWHXUGXVRFOHUpJODEOHGH PPSRXUKDXWHXUGHQLFKHPP
PPSRXUKDXWHXUGHQLFKHPP +DXWHXUGXVRFOHUpJODEOHGH
+DXWHXUGXVRFOHUpJODEOHGH PPSRXUKDXWHXUGHQLFKHPP
PPSRXUKDXWHXUGHQLFKHPP /DJULOOHG
DpUDWLRQOLYUpHGRLWrWUH
/DJULOOHG
DpUDWLRQOLYUpHGRLWrWUH XWLOLVpH
XWLOLVpH /DSULVHGRLWrWUHSUpYXHHQGHKRUVGH
/DSULVHGRLWrWUHSUpYXHHQGHKRUVGH ODQLFKH
ODQLFKH
9DOHXUVGHUDFFRUGHPHQW
9DOHXUVGHUDFFRUGHPHQW 3XLVVDQFHGHUDFFRUGHPHQWWRWDOH
3XLVVDQFHGHUDFFRUGHPHQWWRWDOH N:
N: &kEOHGHUDFFRUGHPHQWP
&kEOHGHUDFFRUGHPHQWP DYHFSULVH
DYHFSULVH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
&RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHVSRXUDSSDUHLOVGH)URLG
9DULR6pULHHWDSSDUHLOVGH)URLG6pULH

(PSODFHPHQWG·LQVWDOODWLRQ 'LPHQVLRQVGHVDFFHVVRLUHVVSpFLDX[&DGUHG·KDELOODJHGHSRUWH
SRXU5:HW5:
/·DSSDUHLOGRLWrWUHLQVWDOOpGDQVXQORFDOVHFHWELHQDpUp/·DSSDUHLOQHGRLWSDVrWUH
GLUHFWHPHQWH[SRVpDX[UD\RQVGXVROHLOQLrWUHLQVWDOOpjSUR[LPLWpG·XQHVRXUFHGH /HVVFKpPDVFLGHVVRXVLQGLTXHQWOHVGLPHQVLRQVGHEDVHGHVDFFHVVRLUHV
FKDOHXUFRPPHXQFKDXIIDJHXQUDGLDWHXUXQHFXLVLQLqUHRXXQIRXUHWF« VSpFLDX[&DGUHG·KDELOODJHGHSRUWHSRXU5:HW5:

6LO·LQVWDOODWLRQjF{WpG·XQHVRXUFHGHFKDOHXUHVWLQpYLWDEOHLOIDXWREOLJDWRLUHPHQW /HVGLPHQVLRQVLQGLTXpHVWLHQQHQWFRPSWHGHVVSpFLILFDWLRQVGHEDVHVXLYDQWHV
UHVSHFWHUOHVGLVWDQFHVPLQLPDOHVVXLYDQWHVDYHFODVRXUFHGHFKDOHXU ² (SDLVVHXUGXSDQQHDXG·KDELOODJHPP
² FPSDUUDSSRUWjXQHFXLVLQLqUHpOHFWULTXHRXDXJD] ² (FDUWPP
² FPSDUUDSSRUWjXQIRXUpOHFWULTXHRXDXJD]
² FPSDUUDSSRUWjXQHFKDXGLqUHDXILRXORXjFKDUERQ
,PSRUWDQW
/HVVFKpPDVFLGHVVRXVQHUHPSODFHQWSDVXQHSODQLILFDWLRQGpWDLOOpH
(FDUWSDUUDSSRUWDX[PHXEOHVDGMDFHQWVUHODWLIjO·pSDLVVHXUGXSDQQHDX
/HUHVSHFWGHVH[LJHQFHVVSpFLILTXHVGXGHVLJQGHODFXLVLQHHVWHVVHQWLHOOH
G·KDELOODJHHWDXUD\RQ

/·pSDLVVHXUGXSDQQHDXG·KDELOODJHGpSHQGGHVVSpFLILFLWpVGHVSRUWHVG·KDELOODJH
GXFOLHQWHWSHXWrWUHFRPSULVHHQWUHHWPP Hauteur de la niche 178 cm
,QVWDOODWLRQ6LGHE\6LGH

/HVDSSDUHLOVGH)URLG9DULR6pULHHW)URLG6pULHSHXYHQWrWUHLQVWDOOpV
HQ6LGHE\VLGHGDQVOHXUSURSUHFRORQQHLQGLYLGXHOOHGDQVOHVFRQILJXUDWLRQV
VXLYDQWHV
5:5:
5&5) DXFXQDXWUHW\SHG
DSSDUHLOjF{WpGH5&
5:5) DXFXQDXWUHW\SHG
DSSDUHLOjF{WpGH5:jO
H[FHSWLRQG
XQDXWUH5:
3RXUWRXWHVOHVDXWUHVFRQILJXUDWLRQVXQHVSDFHPLQLPXPGHPPGRLWrWUH
UHVSHFWpHQWUHOHVDSSDUHLOV

Ecart recommandé pour charnières pantographes

Epaisseur du panneau d’habillage 19 mm.


Les dimensions maximales du panneau d’habillage sont prévues
pour un écart de 3 mm, basées sur une niche individuelle.
F = Epaisseur du panneau d’habillage
R = Rayon Mesures en mm
X = Ecart

Respecter les dimensions d’écart indiquées pour éviter toute collision Hauteur de la niche 122 cm
lors de l’ouverture de la porte de l’appareil de froid et ainsi éviter d’abîmer
le panneau d’habillage.

Mesures en mm

3DQQHDX[G·KDELOODJHGHSRUWH

3RLGVPD[LPXPDXWRULVpSRXUOHSDQQHDXG·KDELOODJH

3RLGVPD[LPXP
+DXWHXUGHODQLFKH 1RPEUHGHSRUWHV
DXWRULVp
FP9DULR RX NJFKDFXQH
FP6pULH  NJ
FP6pULH  NJFKDFXQH
FP6pULH  NJ
FPFP&DYHjYLQ6pULH  NJ

8QGpSDVVHPHQWGXSRLGVPD[LPXPDXWRULVpSHXWFRQGXLUHjXQHGpWpULRUDWLRQ
RXXQG\VIRQFWLRQQHPHQWGHVFKDUQLqUHVGHSRUWH

6RFOH

,PSRUWDQW
Epaisseur du panneau d’habillage 19 mm.
8QHYHQWLODWLRQLQVXIILVDQWHSURYRTXHGHVG\VIRQFWLRQQHPHQWVGHO·DSSDUHLO Les dimensions maximales du panneau d’habillage sont prévues
/HVRXYHUWXUHVSRXUO·HQWUpHG·DLUVLWXpHVGDQVOHVRFOHGHO·DSSDUHLOQHGRLYHQWrWUH pour un écart de 3 mm, basées sur une niche individuelle.
REWXUpHVVRXVDXFXQSUpWH[WH
Mesures en mm
,OIDXWSUpYRLUXQHRXYHUWXUHSRXUODYHQWLODWLRQDXQLYHDXGHO·HQWUpHG·DLUpTXLYDOHQWH
jFPòPLQLPXP
Appareils de froid 345

Cave à vin Série 200 Valeurs de raccordement


RW 282 Puissance totale absorbée : 0.130 kW.
Câble de raccordement 2.8 m avec
– 2 zones de climatisation avec prise.
contrôle séparé
– Température constante avec
réglage précis de +5°C à +20°C
– Taux d'humidité réglable
– Clayettes coulissantes en bois
de hêtre et en aluminium
– Eclairage de présentation
modulable
– Conditions de stockage à très
faibles vibrations
– Combinaison possible en
configuration Side-by-Side avec les
▾Nouveau congélateurs RF 287 ou RF 282
RW 282 262▾  5.680 € – Capacité 80 bouteilles
Entièrement (4.733,33 € HT)
intégrable Bandeau de commande
Porte vitrée sans cadre habillage Contrôle électronique de la
Largeur de la niche 56 cm, température avec affichage digital.
Hauteur de la niche 177,2 cm Touches sensitives.
Eclairage de présentation dans chaque
Accessoires en option zone climatique, réglable en continu.
RA 050 220  43 € Eclairage intérieur, fonctionnement
1 filtre à charbon actif (35,83 € HT) automatique lors de l'ouverture et de
de remplacement, pour les 2 zones la fermeture de porte.
de température.
Caractéristiques techniques
Accessoires d'installation Répartition dynamique du froid.
RA 221 311  590 € Dégivrage automatique par évaporation.
Cadre de porte (491,67 € HT) Système de fermeture Softclose de
en inox, avec poignée la porte intégré dans la charnière.
Pour RW 282 1 filtre à charbon actif pour les 2 zones
Epaisseur habillage 19 mm. climatiques.
RA 425 110  180 € Protection anti-UV.
Poignée longue, inox (150,00 € HT) Alarme en cas de porte ouverte
Avec 3 fixations, longueur 1131 mm, ou de dysfonctionnement.
intervalle de perçage 554 mm. Sécurité enfants.

Caractéristiques
Capacité 80 bouteilles (bouteilles
standard de 0,75 L).
10 clayettes pour bouteilles,
dont 8 coulissantes.
Possibilité de placer des bouteilles
magnum.
Eclairage LED.
Volume net 254 litres.

Consommations
Classe d'efficacité énergétique G sur
une échelle de A à G.
Consommation d'énergie 181 kWh/an.
Niveau sonore 32 DB (re 1 pW).

Conseils d'installation
Charnière pantographe.
Charnières à droite, réversibles.
Pieds réglables en hauteur.
Angle d'ouverture de porte 115°,
peut être bloqué à 90°.
Poids maxi. de l'habillage de porte 20 kg.
Epaisseur du panneau d'habillage:
min. 16 mm / max. 22 mm.
La prise doit être prévue en dehors de
la niche.
Pour une installation en Side-by-Side,
chaque appareil doit être installé dans
sa propre niche.
Lors de la combinaison de la cave à
vins avec des appareils de froid autres
qu'une seconde cave à vin, il faut
respecter une distance minimale de
150 mm entre les appareils pour éviter
toute condensation.
Pas de transport/utilisation au delà de
1500 m d'altitude.

Les prix des produits s’entendent hors Eco-participation cf page 405


Cave à vin Série 200 Valeurs de raccordement
RW 222 Puissance totale absorbée : 0.130 kW.
Câble de raccordement 2.0 m avec
– 2 zones de climatisation avec prise.
contrôle séparé
– Température constante avec
réglage précis de +5°C à +20°C
– Taux d'humidité réglable
– Clayettes coulissantes en bois
de hêtre et en aluminium
– Eclairage de présentation
modulable
– Conditions de stockage à très
faibles vibrations
– Capacité 48 bouteilles

Bandeau de commande
Contrôle électronique de la
température avec affichage digital.
▾Nouveau Touches sensitives.
RW 222 262▾  4.830 € Eclairage de présentation dans chaque
Entièrement (4.025,00 € HT) zone climatique, réglable en continu.
intégrable Eclairage intérieur, fonctionnement
Porte vitrée sans cadre habillage automatique lors de l'ouverture et de
Largeur de la niche 56 cm, la fermeture de porte.
Hauteur de la niche 122 cm
Caractéristiques techniques
Accessoires en option Répartition dynamique du froid.
RA 050 220  43 € Dégivrage automatique par évaporation.
1 filtre à charbon actif (35,83 € HT) Système de fermeture Softclose de
de remplacement, pour les 2 zones la porte intégré dans la charnière.
de température. 1 filtre à charbon actif pour les 2 zones
climatiques.
Accessoires d'installation Protection anti-UV.
RA 221 211  460 € Alarme en cas de porte ouverte
Cadre de porte (383,33 € HT) ou de dysfonctionnement.
en inox, avec poignée Sécurité enfants.
Pour RW 222
Epaisseur habillage 19 mm. Caractéristiques
RA 425 910  160 € Capacité 48 bouteilles (bouteilles
Poignée courte, inox (133,33 € HT) standard de 0,75 L).
Avec 2 fixations, longueur 810 mm 6 clayettes pour bouteilles,
intervalle de perçage 787 mm. dont 4 coulissantes.
Possibilité de placer des bouteilles
magnum.
Eclairage LED.
Volume net 158 litres.

Consommations
Classe d'efficacité énergétique G sur
une échelle de A à G.
Consommation d'énergie 167 kWh/an.
Niveau sonore 32 DB (re 1 pW).

Conseils d'installation
Charnière pantographe.
Charnières à droite, réversibles.
Pieds réglables en hauteur.
Angle d'ouverture de porte 115°,
peut être bloqué à 90°.
Poids maxi. de l'habillage de porte
20 kg.
Epaisseur du panneau d'habillage: min.
16 mm / max. 22 mm.
La prise doit être prévue en dehors de
la niche.
Pour une installation en Side-by-Side,
chaque appareil doit être installé dans
sa propre niche.
Lors de la combinaison de la cave à
vins avec des appareils de froid autres
qu'une seconde cave à vin, il faut
respecter une distance minimale de
150 mm entre les appareils pour éviter
toute condensation.
Pas de transport/utilisation au delà de
1500 m d'altitude.

Les prix des produits s’entendent hors Eco-participation cf page 405


Appareils de froid 347

Cave à vin Série 200


RW 404

– 2 zones de climatisation avec


contrôle séparé
– Température constante avec
réglage précis de +5°C à +20°C
– Réglage du degré d'humidité
– Clayettes coulissantes en bois
de hêtre et en aluminium
– Eclairage LED
– Système Softclose : fermeture
douce et silencieuse de la porte
– Porte verrouillable
– Capacité 34 bouteilles
– Possibilité d'installation en Side-by-
Side avec l'accessoire spécial

Bandeau de commande
▾Nouveau Contrôle électronique de la
RW 404 262▾  3.830 € température avec affichage digital.
Intégrable sous-plan, (3.191,67 € HT) Touches sensitives.
Porte vitrée avec cadre inox Eclairage de présentation dans chaque
Largeur de la niche 60 cm, zone climatique, réglable en continu.
Hauteur de la niche 82 cm Eclairage intérieur, fonctionnement
automatique lors de l'ouverture et de la
Accessoires en option fermeture de porte.
RA 050 220  43 €
1 filtre à charbon actif (35,83 € HT) Caractéristiques techniques
de remplacement, pour les 2 zones Répartition dynamique du froid.
de température. Dégivrage automatique par évaporation.
RA 097 600  232 € Système de fermeture Softclose de la Rangement des bouteilles
Accessoire (193,33 € HT) porte intégré dans la charnière.
d'installation en Side-by-Side 1 filtre à charbon actif pour les 2 zones
de 2 caves à vin sous plan. climatiques.
Protection anti-UV.
Alarme en cas de porte ouverte ou de
dysfonctionnement.
Filtre à poussière, lavable au
lave-vaisselle.

Caractéristiques
Capacité 34 bouteilles (bouteilles
standard de 0,75 L).
5 clayettes pour bouteilles,
dont 3 coulissantes.
Possibilité de placer des bouteilles
magnum.
Eclairage LED.
Volume net 94 litres.

Consommations
Classe d'efficacité énergétique G sur
une échelle de A à G.
Consommation d'énergie 158 kWh/an.
Niveau sonore 35 DB (re 1 pW).

Conseils d'installation
Charnière pantographe.
Charnières à droite, réversibles.
Pieds réglables en hauteur.
Angle d'ouverture de porte à 115°,
peut être bloqué à 95°.
En cas d'intégration à côté d'un mur,
espace latéral requis côté charnières
de 150 mm.
La prise doit être prévue en dehors
de la niche.
Pas de transport/utilisation au delà
de 1500 m d'altitude.

Valeurs de raccordement
Puissance de raccordement totale
0.13 kW.
Câble de raccordement 2.0 m avec
prise.

Les prix des produits s’entendent hors Eco-participation cf page 405


$FFHVVRLUHVSRXUDSSDUHLOVGHIURLG

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
*1   ࡱ 5$ ࡱ
5pFLSLHQW ࡱ+7  $FFHVVRLUH ࡱ+7 
*DVWUR1RUPHQLQR[QRQSHUIRUp G
LQVWDOODWLRQHQ6LGHE\6LGH
3URIRQGHXUPPOLWUHV GHFDYHVjYLQVRXVSODQ



*1   ࡱ
5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[QRQSHUIRUp 5$ ࡱ
3URIRQGHXUPPOLWUHV 6HUUXUH ࡱ+7 
SRXU5:

5$   ࡱ


)LOWUHFKDUERQDFWLI  ࡱ+7 
GHUHFKDQJHSRXU
OHV]RQHVGHWHPSpUDWXUH 5$ ࡱ
6XSSRUWHQFKrQH ࡱ+7 
 SRXUOHUDQJHPHQWGHVERXWHLOOHVVXU
5$ ࡱ OHSODWHDXGHVpSDUDWLRQGHV]RQHV
6HWGHFDFKHVGHYLV ࡱ+7  GHFOLPDWLVDWLRQ
SLqFHV  3RXUDSSDUHLOODUJHXUFP

5$ ࡱ
5$ ࡱ 6XSSRUWHQFKrQH ࡱ+7 
%RvWHGHFRQVHUYDWLRQ  ࡱ+7  SRXUOHUDQJHPHQWGHVERXWHLOOHVVXU
DYHFFRXYHUFOHWUDQVSDUHQWDQWKUDFLWH OHSODWHDXGHVpSDUDWLRQGHV]RQHV
GHFOLPDWLVDWLRQ
 3RXUDSSDUHLOODUJHXUFP


5$ ࡱ
%DFjJODoRQV ࡱ+7 
SHWLWPRGqOHVLLQVWDOODWLRQ5)DYHF
RXYHUWXUHGHSRUWHjƒ
/HEDFGRLWrWUHPLVHQSODFHDYDQW
GHEORTXHUO
DQJOHGHODSRUWH

5$ ࡱ
3ODWHDXpWDJqUH ࡱ+7 
DPRYLEOHDYHFFDGUHHQFKrQH
&RQYLHQWSRXUOHVGpFDQWHXUVFDUDIHV
HWERXWHLOOHVRXYHUWHV
3RXUOHVDSSDUHLOVGHFP

5$ ࡱ
3ODWHDXpWDJqUH ࡱ+7 
DPRYLEOHDYHFFDGUHHQFKrQH
&RQYLHQWSRXUOHVGpFDQWHXUVFDUDIHV
HWERXWHLOOHVRXYHUWHV
3RXUOHVDSSDUHLOVGHFP

5$ ࡱ
3UpVHQWRLUHQFKrQH  ࡱ+7 
HWDOXPLQLXPPDVVLI$QWKUDFLWHSRXUOD
SUpVHQWDWLRQG
XQHERXWHLOOHLQGLYLGXHOOH
/LYUpjO
XQLWp

5$ ࡱ
3UpVHQWRLU  ࡱ+7 
SRXUERXWHLOOHHQERLVG
pUDEOHKXLOp
DYHFFRQQHFWHXUPDJQpWLTXHLQWpJUp

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVGHIURLG 

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
5$    ࡱ 5$  ࡱ
3RUWHHQLQR[  ࡱ+7  &DGUHGHSRUWH  ࡱ+7 
DYHFSRLJQpH HQLQR[VDQVSRLJQpH
3RXUDSSDUHLOODUJHXUFP 3RXUDSSDUHLOODUJHXUFP
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5$   ࡱ


5$    ࡱ 3RUWHHQLQR[ ࡱ+7 
3RUWHHQLQR[  ࡱ+7  DYHFSRLJQpH
VDQVSRLJQpH 3RXUDSSDUHLOODUJHXUFP
3RXUDSSDUHLOODUJHXUFP (SDLVVHXUGHIDoDGHPP
(SDLVVHXUGHIDoDGHPP

5$   ࡱ


5$   ࡱ 3RUWHHQLQR[ ࡱ+7 
&DGUHGHSRUWH ࡱ+7  VDQVSRLJQpH
LQR[DYHFSRLJQpH 3RXUDSSDUHLOODUJHXUFP
3RXUDSSDUHLOODUJHXUFP (SDLVVHXUGHIDoDGHPP
&KDUQLqUHVjJDXFKH
(SDLVVHXUGHIDoDGHPP

5$   ࡱ 5$   ࡱ


&DGUHGHSRUWH ࡱ+7  &DGUHGHSRUWH ࡱ+7 
LQR[DYHFSRLJQpH LQR[DYHFSRLJQpH
3RXUDSSDUHLOODUJHXUFP 3RXUDSSDUHLOODUJHXUFP
&KDUQLqUHVjGURLWH &KDUQLqUHVjJDXFKH
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$FFHVVRLUHVSRXUDSSDUHLOVGHIURLG

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
5$    ࡱ 5$ ࡱ
&DGUHGHSRUWH ࡱ+7  3RUWHHQLQR[ ࡱ+7 
LQR[DYHFSRLJQpH DYHFSRLJQpH
3RXUDSSDUHLOODUJHXUFP 3RXUDSSDUHLOODUJHXUFP
&KDUQLqUHVjGRLWH (SDLVVHXUGHIDoDGHPP
(SDLVVHXUGHIDoDGHPP

5$  ࡱ 5$ ࡱ


&DGUHGHSRUWH ࡱ+7  3RUWHHQLQR[ ࡱ+7 
LQR[VDQVSRLJQpH VDQVSRLJQpH
3RXUDSSDUHLOODUJHXUFP 3RXUDSSDUHLOODUJHXUFP
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5$  ࡱ 5$ ࡱ


3RUWHHQLQR[   ࡱ+7  3RUWHVHQLQR[   ࡱ+7 
DYHFSRLJQpH DYHFSRLJQpH
3RXUDSSDUHLOODUJHXUFP 3RXU5%
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5$ ࡱ 5$ ࡱ


3RUWHHQLQR[ ࡱ+7  3RUWHVHQLQR[ ࡱ+7 
VDQVSRLJQpH VDQVSRLJQpH
3RXUDSSDUHLOODUJHXUFP 3RXU5%
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVGHIURLG 

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
5$   ࡱ 5$    ࡱ
3RUWHVHQLQR[ ࡱ+7  3RUWHHQLQR[  ࡱ+7 
DYHFSRLJQpHV DYHFSRLJQpH
3RXU5% 3RXU5)
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5$ ࡱ 5$  ࡱ


3RUWHVHQLQR[ ࡱ+7  3RUWHHQLQR[ ࡱ+7 
VDQVSRLJQpH VDQVSRLJQpH
3RXU5% 3RXU5)
(SDLVVHXUGHIDoDGHPP (SDLVVHXUGHIDoDGHPP

5$   ࡱ


3RUWHVHQLQR[ ࡱ+7  5$   ࡱ
DYHFSRLJQpHV &DGUHGHSRUWHHQLQR[ ࡱ+7 
3RXU5< DYHFSRLJQpH  
(SDLVVHXUGHIDoDGHPP 3RXU5:
eSDLVVHXUGHIDoDGHPP

5$ ࡱ
3RUWHVHQLQR[ ࡱ+7  5$   ࡱ
VDQVSRLJQpH &DGUHGHSRUWHHQLQR[ ࡱ+7 
3RXU5< DYHFSRLJQpH  
(SDLVVHXUGHIDoDGHPP 3RXU5:
eSDLVVHXUGHIDoDGHPP
$FFHVVRLUHVSRXUDSSDUHLOVGHIURLG

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
5$ ࡱ 5$   ࡱ
3RLJQpHORQJXHLQR[ ࡱ+7  *ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
ORQJXHXUPPDYHFIL[DWLRQV 3RXU5) jSDUWLUGH)'
LQWHUYDOOHGHSHUoDJHPP HW5) 

5$   ࡱ 5$ ࡱ


3RLJQpHFRXUWHLQR[  ࡱ+7 *ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXU5%DYHFIL[DWLRQV 3RXU5) jSDUWLUGH)'
/RQJXHXUPP HW5) 
LQWHUYDOOHGHSHUoDJHPP
5$   ࡱ
5$   ࡱ *ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RLJQpHFRXUWHLQR[ ࡱ+7  3RXUDSSDUHLOODUJHXUFP
3RXU5%5<DYHFIL[DWLRQV
/RQJXHXUPP 5$   ࡱ
LQWHUYDOOHGHSHUoDJHPP *ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXU5) jSDUWLUGH)'
5$ ࡱ HW5) 
)LOWUHjHDX  ࡱ+7
jFKDUERQDFWLISRXUV\VWqPH 5$   ࡱ
GHILOWUDWLRQ *ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXU5%5<5) 3RXU5%
3RXU5)  HW5) 
jSDUWLH)' 5$   ࡱ
*ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
5$   ࡱ 3RXU5%5<
$FFHVVRLUH ࡱ+7 
G·LQVWDOODWLRQSRXUPRQWDJH 5$   ࡱ
´VLGHE\VLGHµ *ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
1
HVWSDVQpFHVVDLUHVLO
HVSDFHHQWUH 3RXUDSSDUHLOODUJHXUFP
OHVDSSDUHLOVHVWVXSpULHXUjPP
$FFHVVRLUHOLYUpGHVpULHSRXU5)HW 5$ ࡱ
5: $FFHVVRLUH ࡱ+7 
G
LQVWDOODWLRQHQ6LGHE\6LGH
5$   ࡱ GHFDYHVjYLQVRXVSODQ
)HXLOOHWKHUPLTXH9 ࡱ+7 
1pFHVVDLUHVLODGLVWDQFHHQWUHOHV
DSSDUHLOVLQVWDOOpVF{WHjF{WHHVW
FRPSULVHHQWUHPPHWPP
DLQVLTXHGDQVWRXWHVOHVFRQILJXUDWLRQV
G
LQVWDOODWLRQGDQVXQHQYLURQQHPHQW
KXPLGH
1
HVWSDVQpFHVVDLUHVLOHVDSSDUHLOV 5$ ࡱ
VRQWVpSDUpVG
DXPRLQVPP 6HUUXUH ࡱ+7 
SRXU5:
5$   ࡱ
%DJXHWWHGHFRQQH[LRQ ࡱ+7
YHUWLFDOHSRXUSDQQHDX[G
KDELOODJH
SRXUXQHHVWKpWLTXHYLVXHOOHSDUIDLWH 

5$   ࡱ


%DJXHWWHVGHFRQQH[LRQ ࡱ+7 
YHUWLFDOHVSRXU[SDQQHDX[
G
KDELOODJHSRXUFRPELQp5%5<
SRXUXQHHVWKpWLTXHYLVXHOOHSDUIDLWH 

5$   ࡱ


*ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXUDSSDUHLOODUJHXUFP

5$   ࡱ


*ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXU5) jSDUWLUGH)'
HW5) 

5$   ࡱ


*ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXUDSSDUHLOODUJHXUFP

5$   ࡱ


*ULOOHGHYHQWLODWLRQLQR[ ࡱ+7 
3RXU5) jSDUWLUGH)'
HW5) 

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
$SSDUHLOVGHIURLG 

5pIpUHQFHV5pIpUHQFHVRQOLQH
5$ ࡱ
&OD\HWWHjERXWHLOOHV ࡱ+7 
HQWLqUHPHQWH[WUDFWLEOHDYHFUDLOV
WpOpVFRSLTXHVPDVTXpVHQFKrQHHW
DOXPLQLXPPDVVLI$QWKUDFLWH
3RXUDSSDUHLOODUJHXUFP

5$ ࡱ
&OD\HWWHjERXWHLOOHV ࡱ+7 
HQWLqUHPHQWH[WUDFWLEOHDYHFUDLOV
WpOpVFRSLTXHVPDVTXpVHQFKrQHHW
DOXPLQLXPPDVVLI$QWKUDFLWH
3RXUDSSDUHLOODUJHXUFP

5$ ࡱ
%DJXHWWHV ࡱ+7 
GHUHFRXYUHPHQWORQJXHV

5$ ࡱ
%DJXHWWHV ࡱ+7 
GHUHFRXYUHPHQWSLqFHV
SRXU5<HW5%

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
)URLG9DULR6pULH

7\SHG
DSSDUHLO 5pIULJpUDWHXU 5pIULJpUDWHXU 5pIULJpUDWHXU 5pIULJpUDWHXU
&RQJpODWHXU &RQJpODWHXU &RQJpODWHXU
7RXWLQWpJUDEOHLQWpJUDEOH 5< 5% 5% 5&
'LPHQVLRQV
'LPHQVLRQGHO
DSSDUHLO/[+[3 FP [[ [[ [[ [[
'LPHQVLRQGHOHQLFKH/[+[3 FP [[ [[ [[ [[
3URIRQGHXUGpJDJHPHQWGXPXULQFOXV FP    
3RLGVQHW NJ    
3RLGVEUXW NJ    
3RLGVPD[LPXPFKDUJp NJ    
'LPHQVLRQVDSSDUHLOHPEDOOp/[+[3 FP [[ [[ [[ [[
7\SHHWFRQILJXUDWLRQ
5pIULJpUDWHXUFRQJpODWHXUFDYHjYLQ ‡‡² ‡‡² ‡‡² ‡²²
=RQHIUDvFKHXUƒ&=RQHIUDvFKHXUSURFKHGHƒ&=RQHIUDvFKHXU ²‡‡ ²‡‡ ²‡‡ ‡²‡
7RXWLQWpJUDEOHLQWpJUDEOHVRXVSODQSRVHOLEUH ‡²²² ‡²²² ‡²²² ‡²²²
&KDUQLqUHGHSRUWHGURLWHJDXFKHUHYHUVLEOH ‡‡² ‡²‡ ‡²‡ ‡²‡
3RUWHYLWUpH ² ² ² ²
(QWLqUHPHQWFDUURVVpKDELOODJHGHSRUWH ²঑ ²঑ ²঑ ²঑
9ROXPH&RQVRPPDWLRQ
9ROXPHWRWDO O
   
²9ROXPHWRWDOGHVFRPSDUWLPHQWVGHUpIULJpUDWLRQ O
   ²
²9ROXPHUpIULJpUDWHXU O
² ² ² 
²9ROXPH]RQHIUDvFKHXU=RQHIUDvFKHXUSURFKHGHƒ& O
² ² ² 
²9ROXPHFRQJpODWHXU O
   ²
&DSDFLWpGHVWRFNDJHERXWHLOOHGHO QE ² ² ² ²
&ODVVHG
HZFDFLWppQHUJpWLTXHñ ) ( ( (
&RQVRPPDWLRQpQHUJpWLTXHTXRWLGLHQQHò N:KK    
&RQVRPPDWLRQpQHUJpWLTXHDQQXHOOHò N:K    
1LYHDXVRQRUH G% $ UHS:    
(ZFDFLWppQHUJpWLTXHGXQLYHDXVRQRUH ' ' ' &
&ODVVHFOLPDWLTXH 61²7 61²7 61²7 61²7
8WLOLVDWLRQV
(FUDQ7)7VHQVLWLI ‡ ‡ ‡ ‡
2XYHUWXUHDVVLVWpHSRXUSRUWHHWWLURLU ‡ ‡ ‡ ‡
$ZFKDJHWH[WHFODLU 1EGHODQJXHV    
&DUDFWpULVWLTXHV
*ODoRQVGLVWULEXWHXUG
HDXHWGHJODoRQJODFHSLOpHHDX ‡²²² ‡²²² ‡²²² ²²²²
=RQHIUDvFKHXUDYHFFRQWU{OHGHWHPSpUDWXUH QE ‡ ‡ ‡ ‡
=RQHIUDvFKHXUDYHFFRQWU{OHG
KXPLGLWp QE ‡ ‡ ‡ ‡
=RQHGHWHPSpUDWXUH]RQHFOLPDWLTXH QE    
$ZFKDJHGHWHPSpUDWXUHjO
LQWpULHXUGHO
DSSDUHLOHQIDoDGH ‡² ‡² ‡² ‡²
5pJODJHGHODWHPSpUDWXUHDXGHJUpSUqV ‡ ‡ ‡ ‡
7HFKQRORJLH1R)URVW ‡ ‡ ‡ ‡
'pJLYUDJHDXWRPDWLTXHUpIULJpUDWHXU]RQHIUDvFKHXUFRQJpODWHXU ‡‡‡ ‡‡‡ ‡‡‡ ‡‡²
(FODLUDJHGHSUpVHQWDWLRQ QE ² ² ² ²
9HUURXLOODJH ² ² ² ²
&RQWU{OHG
KXPLGLWp ² ² ² ²
)LOWUHjFKDUERQDFWLI ‡ ‡ ‡ ‡
6\VWqPHGHVWRFNDJHDQWLYLEUDWLRQ ² ² ² ²
3URWHFWLRQ89 ² ² ² ²
,QWpULHXULQR[ ² ‡ ‡ ‡
0RGHYDFDQFHV ‡ ‡ ‡ ²
7pPRLQYLVXHODODUPHVRQRUHGHG\VIRQFWLRQQHPHQW ‡‡ ‡‡ ‡‡ ‡‡
7pPRLQG
RXYHUWXUHGHSRUWHDODUPHVRQRUHRXLQGLFDWLRQVXUODSRUWH
²‡ ²‡ ²‡ ²‡
HQFDVGHSRUWHRXYHUWH
0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHVPRGHGLJLWDO +RPH&RQQHFW ó ‡ ‡ ‡ ‡
5pIULJpUDWHXU=RQHIUDvFKHXU
6XSHUUpIULJpUDWLRQ ‡ ‡ ‡ ‡
5pSDUWLWLRQG\QDPLTXHGXIURLG ‡ ‡ ‡ ‡
1LYHDXGHVWRFNDJH QE    
%DFVWLURLUVjO
LQWpULHXU QE    
&RPSDUWLPHQWGDQVODFRQWUHSRUWH QE    
&DVLHUVj±XIV QEG
±XIV    
&DYHjYLQ
1RPEUHPD[LPXPGHQLYHDX[GHVWRFNDJH ² ² ² ²
(WDJqUHVjERXWHLOOHVWRWDOHPHQWH[WUDFWLEOHVH[WUDFWLEOHV ² ² ² ²
(WDJqUHVWRWDOHPHQWH[WUDFWLEOHVH[WUDFWLEOHVDPRYLEOHV ² ² ² ²
6WRFNDJHGH0DJQXPV ² ² ² ²
6WRFNDJHGHGpFDQWHXUVERXWHLOOHVRXYHUWHVHWFDYHjFLJDUHV ² ² ² ²
&RQJpODWLRQ
6XSHUFRQJpODWLRQ ‡ ‡ ‡ ²
&DSDFLWpGHFRQJpODWLRQ NJK    ²
$XWRQRPLHHQFDVGHFRXSXUHGHFRXUDQW KUV    ²
1LYHDX[GHVWRFNDJH QE ² ² ² ²
3DQLHUVFRPSDUWLPHQWVWLURLUVLQWpULHXUV QE    ²
&RPSDUWLPHQWVGDQVODFRQWUHSRUWH QE ² ² ² ²
%DFjJODoRQVGLVWULEXWHXUjJODoRQV QE    ²
)LOWUHjFKDUERQDFWLISRXUOHV\VWqPH=OWUHjHDX ঑ ঑ ঑ ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:    
5DFFRUGHPHQWGLUHFWjO
HDX ‡ ‡ ‡ ²

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH঑$FFHVVRLUHVVSpFLDX[
ñ3RXUXQHFODVVHG
HZFDFLWppQHUJpWLTXHGH$j*9DOHXUVVHORQODUpJXODWLRQ8(ò&RQVRPPDWLRQHIIHFWLYHGpSHQGGHO
XWLOLVDWLRQGHO
DSSDUHLOHWRXGHVDORFDOLVDWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
$SSDUHLOVGHIURLG 

5pIULJpUDWHXU 5pIULJpUDWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU &RQJpODWHXU

5& 5& 5) 5) 5) 5) 5) 5)

[[ [[ [[ [[ [[ [[ [[ [[


[[ [[ [[ [[ [[ [[ [[ [[
       
       
       
       
[[ [[ [[ [[ [[ [[ [[ [[

‡²² ‡²² ²‡² ²‡² ²‡² ²‡² ²‡² ²‡²


‡²‡ ‡²‡ ²²² ²²² ²²² ²²² ²²² ²²²
‡²²² ‡²²² ‡²²² ‡²²² ‡²²² ‡²²² ‡²²² ‡²²²
‡²‡ ‡²‡ ‡²² ²‡² ²‡‡ ²‡‡ ²‡‡ ²‡‡
² ² ² ² ² ² ² ²
²঑ ²঑ ²঑ ²঑ ²঑ ²঑ ²঑ ²঑

       


² ² ² ² ² ² ² ²
  ² ² ² ² ² ²
  ² ² ² ² ² ²
² ²      
² ² ² ² ² ² ² ²
( ( ) ) ) ) ) (
       
       
       
& & ' ' ' ' ' '
61²7 61²7 61²7 61²7 61²7 61²7 61²7 61²7

‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡
       

²²²² ²²²² ²‡‡‡ ²‡‡‡ ‡²²² ‡²²² ‡²²² ²²²²


‡ ‡ ² ² ² ² ² ²
‡ ‡ ² ² ² ² ² ²
       
‡² ‡² ‡² ‡² ‡² ‡² ‡² ‡²
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡
‡‡² ‡‡² ²²‡ ²²‡ ²²‡ ²²‡ ²²‡ ²²‡
² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²
‡ ‡ ² ² ² ² ² ²
² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡
² ² ² ² ² ² ² ²
‡‡ ‡‡ ‡‡ ‡‡ ‡‡ ‡‡ ‡‡ ‡‡
²‡ ²‡ ²‡ ²‡ ²‡ ²‡ ²‡ ²‡
‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡

‡ ‡ ² ² ² ² ² ²
‡ ‡ ² ² ² ² ² ²
  ² ² ² ² ² ²
  ² ² ² ² ² ²
  ² ² ² ² ² ²
  ² ² ² ² ² ²

² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²
² ² ² ² ² ² ² ²

² ² ‡ ‡ ‡ ‡ ‡ ‡
² ²      
² ²      
² ²      
² ²      
² ² ² ²    
² ²      ²
² ² ঑ ঑ ঑ ঑ ঑ ²

       


² ² ‡ ‡ ‡ ‡ ‡ ²
)URLG9DULR6pULH

7\SHG
DSSDUHLO &DYHjYLQ &DYHjYLQ &DYHjYLQ &DYHjYLQ

7RXWLQWpJUDEOHLQWpJUDEOH 5: 5: 5: 5:


'LPHQVLRQV
'LPHQVLRQGHO
DSSDUHLO/[+[3 FP [[ [[ [[ [[
'LPHQVLRQGHOHQLFKH/[+[3 FP [[ [[ [[ [[
3URIRQGHXUGpJDJHPHQWGXPXULQFOXV FP    
3RLGVQHW NJ    
3RLGVEUXW NJ    
3RLGVPD[LPXPFKDUJp NJ    
'LPHQVLRQVDSSDUHLOHPEDOOp/[+[3 FP [[ [[ [[ [[
7\SHHWFRQILJXUDWLRQ
5pIULJpUDWLRQFRQJpODWLRQFDYHjYLQ ²²‡ ²²‡ ²²‡ ²²‡
=RQHIUDvFKHXUƒ&=RQHIUDvFKHXUSURFKHGHƒ&=RQHIUDvFKHXU ²²² ²²² ²²² ²²²
7RXWLQWpJUDEOHLQWpJUDEOHVRXVSODQSRVHOLEUH ‡²²² ‡²²² ‡²²² ‡²²²
&KDUQLqUHGHSRUWHGURLWHJDXFKHUHYHUVLEOH ‡²‡ ‡²‡ ‡²‡ ‡²‡
3RUWHYLWUpH ‡ ‡ ² ²
(QWLqUHPHQWFDUURVVpKDELOODJHGHSRUWH ²঑ ²঑ ²঑ ²঑
9ROXPH&RQVRPPDWLRQ
9ROXPHWRWDO O
   
²9ROXPHWRWDOGHVFRPSDUWLPHQWVGHUpIULJpUDWLRQ O
² ² ² ²
²9ROXPHUpIULJpUDWHXU O
² ² ² ²
²9ROXPH]RQHIUDvFKHXU=RQHIUDvFKHXUSURFKHGHƒ& O
² ² ² ²
²9ROXPHFRQJpODWHXU O
² ² ² ²
&DSDFLWpGHVWRFNDJHERXWHLOOHGHO QE    
&ODVVHG
HZFDFLWppQHUJpWLTXHñ * * ) )
&RQVRPPDWLRQpQHUJpWLTXHTXRWLGLHQQHò N:KK    
&RQVRPPDWLRQpQHUJpWLTXHDQQXHOOHò N:K    
1LYHDXVRQRUH G% $ UHS:    
(ZFDFLWppQHUJpWLTXHGXQLYHDXVRQRUH ' ' ' '
&ODVVHFOLPDWLTXH 61²7 61²7 61²7 61²7
8WLOLVDWLRQV
(FUDQ7)7VHQVLWLI ‡ ‡ ‡ ‡
2XYHUWXUHDVVLVWpHSRXUSRUWHHWWLURLU ‡ ‡ ‡ ‡
$ZFKDJHWH[WHFODLU 1EGHODQJXHV    
&DUDFWpULVWLTXHV
*ODoRQVGLVWULEXWHXUG
HDXHWGHJODoRQJODFHSLOpHHDX ²²²² ²²²² ²²²² ²²²²
=RQHIUDvFKHXUDYHFFRQWU{OHGHWHPSpUDWXUH QE ² ² ² ²
=RQHIUDvFKHXUDYHFFRQWU{OHG
KXPLGLWp QE ² ² ² ²
=RQHGHWHPSpUDWXUH]RQHFOLPDWLTXH QE    
$ZFKDJHGHWHPSpUDWXUHjO
LQWpULHXUGHO
DSSDUHLOHQIDoDGH ‡² ‡² ‡² ‡²
5pJODJHGHODWHPSpUDWXUHDXGHJUpSUqV ‡ ‡ ‡ ‡
7HFKQRORJLH1R)URVW ‡ ‡ ‡ ‡
'pJLYUDJHDXWRPDWLTXHUpIULJpUDWHXU]RQHIUDvFKHXUFRQJpODWHXU ‡²² ‡²² ‡²² ‡²²
(FODLUDJHGHSUpVHQWDWLRQ QE    
9HUURXLOODJH ঑ ঑ ঑ ঑
&RQWU{OHG
KXPLGLWp ‡ ‡ ‡ ‡
)LOWUHjFKDUERQDFWLI ‡ ‡ ‡ ‡
6\VWqPHGHVWRFNDJHDQWLYLEUDWLRQ ‡ ‡ ‡ ‡
3URWHFWLRQ89 ‡ ‡ ‡ ‡
,QWpULHXULQR[ ‡ ‡ ‡ ‡
0RGHYDFDQFHV ² ² ² ²
7pPRLQYLVXHODODUPHVRQRUHGHG\VIRQFWLRQQHPHQW ‡‡ ‡‡ ‡‡ ‡‡
7pPRLQG
RXYHUWXUHGHSRUWHDODUPHVRQRUHRXLQGLFDWLRQVXUODSRUWH
²‡ ²‡ ²‡ ²‡
HQFDVGHSRUWHRXYHUWH
0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHVPRGHGLJLWDO +RPH&RQQHFW ó ‡ ‡ ‡ ‡
5pIULJpUDWHXU=RQHIUDvFKHXU
6XSHUUpIULJpUDWLRQ ² ² ² ²
5pSDUWLWLRQG\QDPLTXHGXIURLG ² ² ² ²
1LYHDXGHVWRFNDJH QE ² ² ² ²
%DFVWLURLUVjO
LQWpULHXU QE ² ² ² ²
&RPSDUWLPHQWGDQVODFRQWUHSRUWH QE ² ² ² ²
&DVLHUVj±XIV QEG
±XIV ² ² ² ²
&DYHjYLQ
1RPEUHPD[LPXPGHQLYHDX[GHVWRFNDJH    
(WDJqUHVjERXWHLOOHVWRWDOHPHQWH[WUDFWLEOHVH[WUDFWLEOHV ‡ ‡ ‡ ‡
(WDJqUHVWRWDOHPHQWH[WUDFWLEOHVH[WUDFWLEOHVDPRYLEOHV ঑ ঑ ঑ ঑
6WRFNDJHGH0DJQXPV ‡ ‡ ‡ ‡
6WRFNDJHGHGpFDQWHXUVERXWHLOOHVRXYHUWHVHWFDYHjFLJDUHV ঑ ঑ ঑ ঑
&RQJpODWLRQ
6XSHUFRQJpODWLRQ ² ² ² ²
&DSDFLWpGHFRQJpODWLRQ NJK ² ² ² ²
$XWRQRPLHHQFDVGHFRXSXUHGHFRXUDQW KUV ² ² ² ²
1LYHDX[GHVWRFNDJH QE ² ² ² ²
3DQLHUVFRPSDUWLPHQWVWLURLUVLQWpULHXUV QE ² ² ² ²
&RPSDUWLPHQWVGDQVODFRQWUHSRUWH QE ² ² ² ²
%DFjJODoRQVGLVWULEXWHXUjJODoRQV QE ² ² ² ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:    
5DFFRUGHPHQWGLUHFWjO
HDX ² ² ² ²

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH঑$FFHVVRLUHVVSpFLDX[
ñ3RXUXQHFODVVHG
HZFDFLWppQHUJpWLTXHGH$j*9DOHXUVVHORQODUpJXODWLRQ8(ò&RQVRPPDWLRQHIIHFWLYHGpSHQGGHO
XWLOLVDWLRQGHO
DSSDUHLOHWRXGHVDORFDOLVDWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
&DYHVjYLQ $SSDUHLOVGHIURLG 

7\SHG
DSSDUHLO &DYHjYLQ &DYHjYLQ &DYHjYLQ

7RXWLQWpJUDEOHLQWpJUDEOH 5: 5:


,QR[DYHFSRUWHYLWUpH 5:
'LPHQVLRQV
'LPHQVLRQGHO
DSSDUHLO/[+[3 FP [[ [[ [²[
'LPHQVLRQGHOHQLFKH/[+[3 FP [[ [[ [²[
3URIRQGHXUGpJDJHPHQWGXPXULQFOXV FP   
3RLGVQHW NJ   
3RLGVEUXW NJ   
'LPHQVLRQVDSSDUHLOHPEDOOp/[+[3 FP [[ [[ [[
7\SHHWFRQILJXUDWLRQ
5pIULJpUDWLRQFRQJpODWLRQFDYHjYLQ ²²‡ ²²‡ ²²‡
=RQHIUDvFKHXUƒ&=RQHIUDvFKHXUSURFKHGHƒ&=RQHIUDvFKHXU ²²² ²²² ²²²
7RXWLQWpJUDEOHLQWpJUDEOHVRXVSODQSRVHOLEUH ‡²²² ‡²²² ²²‡²
&KDUQLqUHGHSRUWHGURLWHJDXFKHUHYHUVLEOH ‡²‡ ‡²‡ ‡²‡
(QWLqUHPHQWFDUURVVpKDELOODJHGHSRUWH ²² ²² ²²
9ROXPH&RQVRPPDWLRQ
9ROXPHWRWDO O   
&DSDFLWpGHVWRFNDJHERXWHLOOHGHO QE   
&ODVVHG
HZFDFLWppQHUJpWLTXHñ * * *
&RQVRPPDWLRQpQHUJpWLTXHTXRWLGLHQQHò N:KK   
&RQVRPPDWLRQpQHUJpWLTXHDQQXHOOHò N:K   
1LYHDXVRQRUH G% $ UHS:   
(ZFDFLWppQHUJpWLTXHGXQLYHDXVRQRUH % % %
&ODVVHFOLPDWLTXH 617 617 617
&DUDFWpULVWLTXHV
=RQHGHWHPSpUDWXUH]RQHFOLPDWLTXH 1R   
$ZFKDJHGHODWHPSpUDWXUHLQWpULHXUHQIDoDGH ‡² ‡² ‡²
5pJODJHGHODWHPSpUDWXUHDXGHJUpSUqV ‡ ‡ ‡
'pJLYUDJHDXWRPDWLTXHUpIULJpUDWHXU]RQHIUDvFKHXUFRQJpODWHXU ‡²² ‡²² ‡²²
(FODLUDJHGHSUpVHQWDWLRQ ‡ ‡ ‡
6HUUXUH ² ² ‡
&RQWU{OHG
KXPLGLWp ‡ ‡ ‡
)LOWUHjFKDUERQDFWLI ‡ ‡ ‡
6\VWqPHGHVWRFNDJHDQWLYLEUDWLRQ ‡ ‡ ‡
3URWHFWLRQ89 ‡ ‡ ‡
7pPRLQYLVXHODODUPHVRQRUHGHG\VIRQFWLRQQHPHQW ‡² ‡² ‡²
7pPRLQG
RXYHUWXUHGHSRUWHDODUPHVRQRUHRXLQGLFDWLRQVXUOD
‡‡ ‡‡ ‡‡
SRUWHHQFDVGHSRUWHRXYHUWH
0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHVPRGHGLJLWDO +RPH&RQQHFW ó ² ² ²
=RQHIUDvFKHXU
5pSDUWLWLRQG\QDPLTXHGXIURLG ‡ ‡ ‡
&DYHjYLQ
1RPEUHPD[LPXPGHQLYHDX[GHVWRFNDJH   
(WDJqUHVjERXWHLOOHVWRWDOHPHQWH[WUDFWLEOHVH[WUDFWLEOHV ²‡ ²‡ ²‡
(WDJqUHVWRWDOHPHQWH[WUDFWLEOHVH[WUDFWLEOHV ²² ²² ²²
6WRFNDJHGH0DJQXPV ‡ ‡ ‡
6WRFNDJHGHGpFDQWHXUVERXWHLOOHVRXYHUWHVHWFDYHjFLJDUHV ² ² ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:   
5DFFRUGHPHQWGLUHFWjO
HDX ² ² ²

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ3RXUXQHFODVVHG
HZFDFLWppQHUJpWLTXHGH$j*9DOHXUVVHORQODUpJXODWLRQ8(
ò&RQVRPPDWLRQHIIHFWLYHGpSHQGGHO
XWLOLVDWLRQGHO
DSSDUHLOHWRXGHVDORFDOLVDWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
)URLG9DULR6pULH

7\SHG
DSSDUHLO &RPELQpUpIULJpUDWHXU &RPELQpUpIULJpUDWHXU 5pIULJpUDWHXU
FRQJpODWHXU FRQJpODWHXU

7RXWLQWpJUDEOHLQWpJUDEOH 5% 57 5&


'LPHQVLRQV
'LPHQVLRQV/[+[3 FP [[ [[ [[
'LPHQVLRQVGHODQLFKH/[+[3 FP [[ [[ [[
3URIRQGHXUGpJDJHPHQWGXPXULQFOXV FP   
3RLGVQHW NJ   
3RLGVEUXW NJ   
'LPHQVLRQDSSDUHLOHPEDOOp/[+[3 FP [[ [[ [[
7\SHHWFRQILJXUDWLRQ
5pIULJpUDWHXU&RQJpODWHXU&DYHjYLQ ‡‡² ‡‡² ‡²²
=RQHIUDvFKHXUƒ&=RQHIUDvFKHXUSURFKHƒ&=RQHIUDvFKHXU ²‡² ²‡² ²‡²
7RXWLQWpJUDEOHLQWpJUDEOHVRXVSODQSRVHOLEUH ‡²²² ‡²²² ‡²²²
&KDUQLqUHGHSRUWHGURLWHJDXFKHUpYHUVLEOH ‡²‡ ‡²‡ ‡²‡
(QWLqUHPHQWFDUURVVpSRUWH V KDELOOp V ²² ²² ²²
9ROXPHFRQVRPPDWLRQ
9ROXPHWRWDO O   
9ROXPHUpIULJpUDWHXU O   
9ROXPH]RQHIUDvFKHXUSURFKHƒ&]RQHIUDvFKHXU O   
9ROXPHFRQJpODWHXU O   ²
&ODVVHG
HZFDFLWppQHUJpWLTXHñ ' ( '
&RQVRPPDWLRQpQHUJpWLTXHTXRWLGLHQQHò N:KK   
&RQVRPPDWLRQpQHUJpWLTXHDQQXHOOHò N:K   
1LYHDXVRQRUH G% $ UHS:   
(ZFDFLWppQHUJpWLTXHGXQLYHDXVRQRUH & & &
&ODVVHFOLPDWLTXH 617 617 617
&DUDFWpULVWLTXHV
'LVWULEXWHXUG
HDXHWGHJODFHJODFRQVJODFHSLOpHHDX ²²² ²²² ²²²
7LURLUIUDvFKHXUDYHFFRQWU{OHG
KXPLGLWp QE ‡ ‡ ‡
=RQHGHWHPSpUDWXUH]RQHFOLPDWLTXH QE   
$ZFKDJHGHWHPSpUDWXUHjO
LQWpULHXUGHO
DSSDUHLOHQIDoDGH ‡² ‡² ‡²
5pJODJHGHODWHPSpUDWXUHDXGHJUqVSUqV ‡ ‡ ‡
7HFKQRORJLH1R)URVW ‡ ² ²
'pJLYUDJHDXWRPDWLTXHUpIULJpUDWHXU]RQHIUDvFKHXUFRQJpODWHXU ‡‡‡ ‡‡² ‡‡²
)LOWUHjFKDUERQDFWLI ² ² ²
0RGHYDFDQFHV ² ² ²
7pPRLQYLVXHODODUPHVRQRUHGHG\VIRQFWLRQQHPHQW ‡‡ ‡‡ ‡‡
7pPRLQYLVXHODODUPHVRQRUHRXLQGLFDWLRQVXUODSRUWHHQFDVGHSRUWHRXYHUWH ‡‡ ‡‡ ‡‡
0RGXOH:L=LQWpJUpSRXUOHVVHUYLFHVHQPRGHGLJLWDO +RPH&RQQHFW ‡ ‡ ‡
5pIULJpUDWHXU=RQHIUDvFKHXU
6XSHUUpIULJpUDWLRQ ‡ ‡ ‡
5pSDUWLWLRQG\QDPLTXHGXIURLG ² ² ²
1LYHDXGHVWRFNDJH QE   
%DFVWLURLUVjO
LQWpULHXU QE   
&RPSDUWLPHQWVGDQVODFRQWUHSRUWH QE   
6XSSRUWERXWHLOOHVHQERLV   
&DVLHUVj±XIV QEG
±XIV   
&RQJpODWLRQ
6XSHUFRQJpODWLRQ ‡ ² ²
&DSDFLWpGHFRQJpODWLRQ NJK   ²
$XWRQRPLHHQFDVGHFRXSXUHGHFRXUUDQW K   ²
1LYHDXGHVWRFNDJH QE ² ² ²
3DQLHUVFRPSDUWLPHQWVWLURLUVLQWpULHXUV QE  ² ²
&RPSDUWLPHQWVGDQVODFRQWUHSRUWH QE ² ² ²
%DFVjJODoRQVDPRYLEOHV QE   ²
$FFXPXODWHXUGHIURLG QE  ² ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:   
5DFFRUGHPHQWGLUHFWjO
HDX ² ² ²

‡(TXLSHPHQWGHVpULH1RQGLVSRQLEOH঑$FFHVVRLUHVHQRSWLRQ
ñ3RXUXQHFODVVHG
HZFDFLWppQHUJpWLTXHGH$j*9DOHXUVVHORQODUpJXODWLRQ8(
ò&RQVRPPDWLRQHIIHFWLYHGpSHQGGHO
XWLOLVDWLRQGHO
DSSDUHLOHWRXGHVDORFDOLVDWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
$SSDUHLOVGHIURLG 

&RQJpODWHXU

5)

[[
[[



[[

²‡²
²²²
‡²²²
²‡‡
²²


²
²

(



%
617

²²²
²

‡²
‡
‡
²²‡
²
²
‡‡
‡‡
‡

²
²
²
²
²
²
²

‡




²




²
$SSDUHLOVGHIURLG6pULH

7\SHG
DSSDUHLO 6LGHE\VLGH &RPELQp5pIULJpUDWHXU 5pIULJpUDWHXUFRQJpODWHXU
&RQJpODWHXU
7RXWLQWpJUDEOHLQWpJUDEOH 5% 57
3RUWH,QR[SRUWHYHUUHDQWKUDFLWH 5<
'LPHQVLRQV
'LPHQVLRQV/[+[3 FP [[ [[ [[
'LPHQVLRQVGHODQLFKH/[+[3 FP ² [[ [[
3URIRQGHXUGpJDJHPHQWGXPXULQFOXV FP   
3RLGVQHW NJ   
3RLGVEUXW NJ   
'LPHQVLRQDSSDUHLOHPEDOOp/[+[3 FP [[ [[ [[
7\SHHWFRQILJXUDWLRQ
5pIULJpUDWHXU&RQJpODWHXU&DYHjYLQ ‡‡² ‡‡² ‡‡²
=RQHIUDvFKHXUƒ&=RQHIUDvFKHXUSURFKHƒ&=RQHIUDvFKHXU ‡²² ²‡² ²‡²
7RXWLQWpJUDEOHLQWpJUDEOHVRXVSODQSRVHOLEUH ²²²‡ ‡²²² ‡²²²
&KDUQLqUHGHSRUWHGURLWHJDXFKHUpYHUVLEOH ‡‡² ‡²‡ ‡²‡
(QWLqUHPHQWFDUURVVpSRUWH V KDELOOp V ‡² ²² ²²
9ROXPH&RQVRPPDWLRQ
9ROXPHWRWDO O   
9ROXPHWRWDOGXFRPSDUWLPHQWUpIULJpUDWLRQ O ² ² ²
9ROXPHUpIULJpUDWHXU O   
9ROXPH]RQHIUDvFKHXUSURFKHƒ&]RQHIUDvFKHXU O   
9ROXPHFRQJpODWHXU O   
&ODVVHG
HZFDFLWppQHUJpWLTXHñ ( ' (
&RQVRPPDWLRQpQHUJpWLTXHTXRWLGLHQQHò N:KK   
&RQVRPPDWLRQpQHUJpWLTXHDQQXHOOHò N:K   
1LYHDXVRQRUH G% $ UHS:   
(ZFDFLWppQHUJpWLTXHGXQLYHDXVRQRUH & & &
&ODVVHFOLPDWLTXH 617 617 617
&DUDFWpULVWLTXHV
'LVWULEXWHXUG
HDXHWGHJODFHJODoRQVJODFHSLOpHHDX ‡‡ ²²² ²²²
=RQHIUDvFKHXUDYHFFRQWU{OHGHWHPSpUDWXUH ‡ ‡ ‡
=RQHIUDvFKHXUDYHFFRQWU{OHG
KXPLGLWp ‡ ‡ ‡
=RQHGHWHPSpUDWXUH]RQHFOLPDWLTXH QE   
$ZFKDJHGHWHPSpUDWXUHjO
LQWpULHXUGHO
DSSDUHLOHQIDoDGH ‡² ‡² ‡²
5pJODJHGHODWHPSpUDWXUHDXGHJUqVSUqV ‡ ‡ ‡
7HFKQRORJLH1R)URVW ‡ ‡ ²
'pJULYUDJHDXWRPDWLTXHUpIULJpUDWHXU]RQHIUDvFKHXUFRQJpODWHXU ‡‡² ‡‡‡ ‡‡²
3XLVVDQFHG
pFODLUDJH QE  ² ²
$LGHDXGpJLYUDJH ‡ ‡ ²
)LOWUHjFKDUERQDFWLI ‡ ² ²
0RGHYDFDQFHV ‡ ‡ ²
7pPRLQYLVXHODODUPHVRQRUHGHG\VIRQFWLRQQHPHQW ‡‡ ‡‡ ‡‡
7pPRLQYLVXHODODUPHVRQRUHRXLQGLFDWLRQVXUODSRUWHHQFDVGHSRUWHRXYHUWH ‡‡ ‡‡ ‡‡
0RGXOH:L=LQWpJUpSRXUOHVVHUYLFHVHQPRGHGLJLWDO +RPH&RQQHFW ‡ ‡ ‡
5pIULJpUDWHXU=RQHIUDvFKHXU
6XSHUUpIULJpUDWLRQ ‡ ‡ ‡
5pSDUWLWLRQG\QDPLTXHGXIURLG ‡ ² ²
1LYHDXGHVWRFNDJH QE   
%DFVWLURLUVjO
LQWpULHXU QE   
&RPSDUWLPHQWVGDQVODFRQWUHSRUWH QE   
&RPSDUWLPHQWVSRXUYLQVHWFKDPSDJQH ² ‡ ‡
&DVLHUVj±XIV QEG
±XIV ²  
&RQJpODWLRQ
6XSHUFRQJpODWLRQ ‡ ‡ ²
&DSDFLWpGHFRQJpODWLRQ NJK   
$XWRQRPLHHQFDVGHFRXSXUHGHFRXUUDQW K   
1LYHDXGHVWRFNDJH QE ²  
3DQLHUVFRPSDUWLPHQWVWLURLUVLQWpULHXUV QE   ²
&RPSDUWLPHQWVGDQVODFRQWUHSRUWH QE ² ² ²
%DFVjJODoRQV QE ²  
$FFXPXODWHXUGHIURLG QE ²  ²
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N:   
5DFFRUGHPHQWGLUHFWHjO
HDX

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH঑$FFHVVRLUHVHQRSWLRQ
ñ3RXUXQHFODVVHG
HZFDFLWppQHUJpWLTXHGH$j*9DOHXUVVHORQODUpJXODWLRQ8(
ò&RQVRPPDWLRQHIIHFWLYHGpSHQGGHO
XWLOLVDWLRQGHO
DSSDUHLOHWRXGHVDORFDOLVDWLRQ
ó/DFRQQH[LRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
$SSDUHLOVGHIURLG 

5pIULJpUDWHXUFRQJpODWHXU 5pIULJpUDWHXU &RQJpODWHXU 5pIULJpUDWHXUFRQJpODWHXU 5pIULJpUDWHXU &RQJpODWHXU

57 5& 5) 57 5& 5)

[[ [[ [[ [[ [[ [[


[[ [[ [[ [[ [[ [[
     
     
     
[[ [[ [[ [[ [[ [[

‡‡² ‡²² ²‡² ‡‡² ‡²² ²‡²


²²‡ ²‡² ²²² ²²² ²²² ²²²
‡²²² ‡²²² ‡²²² ²²‡² ²²‡² ²²‡²
‡²‡ ‡²‡ ²‡‡ ‡²‡ ‡²‡ ‡²‡
²² ²² ²² ²² ²² ²²

     


 ² ²
²  ²   ²
²  ² ² ² ²
 ²   ² 
) ' ) ) ) )
     
     
     
& & & & & &
61²7 61²7 61²7 61²7 61²7 61²7

²²² ²²² ²²² ²²² ²²² ²²²


² ‡ ² ² ² ²
‡ ‡ ² ² ² ²
     
‡² ‡² ‡² ²² ²² ‡²
‡ ‡ ‡ ² ² ²
² ² ‡ ² ² ²
‡²² ‡‡² ²²‡ ‡²² ‡²² ²²²
² ² ² ² ² ²
² ² ² ² ² ²
‡ ² ² ² ² ²
² ² ² ² ² ²
²² ²² ‡‡ ²² ²² ‡‡
²‡ ‡‡ ²‡ ²² ²² ²²
² ‡ ² ² ² ²

‡ ‡ ² ² ² ²
‡ ² ² ‡ ‡ ²
  ²   ²
  ²   ²
  ²   ²
‡ ‡ ² ² ² ²
  ²   ²

² ² ‡ ‡ ² ‡
 ²   ² 
 ²   ² 
 ²   ² ²
² ²  ² ² 
² ² ² ² ² ²
 ²   ² 
² ²  ² ² 

     


² ² ² ² ² ²
 

/DYHYDLVVHOOH_/DYHOLQJH_6qFKHOLQJH

9XHG
HQVHPEOH/DYHYDLVVHOOH/DYHOLQJH6qFKHOLQJH 
/DYHYDLVVHOOHWRXWLQWpJUDEOH6pULH 
/DYHYDLVVHOOHWRXWLQWpJUDEOH6pULH 
&RQVHLOVG·LQVWDOODWLRQ 
$FFHVVRLUHV 
'RQQpHVWHFKQLTXHV 
/DYHOLQJH 
6qFKHOLQJH 
'RQQpHVWHFKQLTXHV 

/DYHOLQJH6qFKHOLQJH
/DYHYDLVVHOOH
9XHG·HQVHPEOHGHV/DYHYDLVHOOH

‡') ‡'))
‡') ‡'))

‡') ‡')) ‡') ‡')


‡') ‡')) ‡') ‡')

‡')
/DYHYDLVVHOOH/DYHOLQJH6qFKHOLQJH 

9XHG·HQVHPEOHGHV/DYHOLQJH6qFKHOLQJH

‡:0 ‡:7

/DYHYDLVVHOOH6pULH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV 3URJUDPPHV
') ')  FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU SURJUDPPHV
OHVSRUWHVjFRXOLVVHHQSDJHV $XWRƒ&ƒ&
² (FODLUDJHSDUIDLWGHO
LQWpULHXUGHOD j $XWRƒ&ƒ&
FXYH $XWRƒ&ƒ&
² 3URWHFWLRQRSWLPDOHGHVYHUUHV 9DOHXUVGHUDFFRUGHPHQW ,QWHQVLIƒ&
GpOLFDWVJUkFHjXQVpFKDJHj 3XLVVDQFHWRWDOH: (FRƒ&
EDVVHWHPSpUDWXUHDYHF=pROLWHj &kEOHGHUDFFRUGHPHQWDYHFSULVH 3URJUDPPHQXLW
ODFRQFHSWLRQGXSDQLHUHWDX 5DFFRUGHPHQWjO
HDX 5DSLGHƒ& PLQ 
V\VWqPHG
DGRXFLVVHPHQW 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX )RQFWLRQGHSHUVRQQDOLVDWLRQ
LQWHOOLJHQWGHO
HDX FKDXGHRXjO
HDXIURLGH UpJODJHSDUGpIDXWSUpODYDJH 
² SURJUDPPHVDYHF$TXDVHQVRUHW 
RSWLRQVGRQW3RZHUSRXUXQ RSWLRQV
ODYDJHHWVpFKDJHHQPLQXWHVHW ,QWHQVLI
,QWHQVLISRXUXQODYDJHSDUWLFXOLqUH 3RZHU
PHQWPLQXWLHX[GDQVOHSDQLHU 'HPLFKDUJH
LQIpULHXU +\JLqQH
೦1RXYHDX ² 6\VWqPHGHSDQLHUVIOH[LEOHV
')  ೦  ࡱ PRQWpVVXUUDLOVTXLFRXOLVVHQWVDQV (QWUHWLHQGHO
DSSDUHLO
7RXWLQWpJUDEOH  ࡱ+7 HIIRUWVXUWRXVOHVQLYHDX[HWj
+RPH&RQQHFW IHUPHWXUH6RIWFORVH &DUDFWpULVWLTXHV
+DXWHXUFP ² 6\VWqPHG
RXYHUWXUHGHSRUWH 6\VWqPHGHSDQLHUVIOH[LEOHVPRQWpV
')  ೦  ࡱ 3XVKWRRSHQSRXUXQHLQWpJUDWLRQ VXUUDLOVTXLFRXOLVVHQWVDQVHIIRUW
7RXWLQWpJUDEOH  ࡱ+7 SDUIDLWHGDQVOHVPHXEOHVGH VXUWRXVOHVQLYHDX[HWjIHUPHWXUH
+RPH&RQQHFW FXLVLQHVDQVSRLJQpHV 6RIWFORVH
+DXWHXUFP ² 7LPH/LJKWSURMHFWLRQGXWHPSV 
UHVWDQWHWGHODSKDVHHQFRXUVVXU 3DQLHUVXSpULHXU
/HSUL[FRPSUHQG OHVRO 6RUWLHWRWDOH
 GLIIXVHXUPXOWLMHWVSRXUJUDQGVSODWV ² 7UqVVLOHQFLHX['% =RQHGHQHWWR\DJHVXSSOpPHQWDLUHHQ
 SDQLHUjYHUUHV RSWLRQJUkFHjO
DFWLYDWLRQGHEXVHV
 VXSSRUWVSRXUSODWV*DVWUR1RUP %DQGHDXGHFRPPDQGH G
DVSHUVLRQDGGLWLRQQHOOHV
NLWGHEDJXHWWHVGHILQLWLRQLQR[ 'LVSOD\7)7DYHFLQGLFDWLRQGXWHPSV 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
UHVWDQWRXGHO
KHXUHGHILQGH KDXWHXUMXVTX
jFP
SURJUDPPHLQGLFDWHXUGXPDQTXHGH SLFRWVUDEDWWDEOHV
$FFHVVRLUHVG
LQVWDOODWLRQ VHORXGHOLTXLGHGHULQoDJHYR\DQWGH pWDJqUHVUDEDWWDEOHVSRXUXQH
'$    ࡱ FRQWU{OHGHO
DUULYpHG
HDX SURWHFWLRQRSWLPDOHGHVYHUUHV
&KDUQLqUHVXSSRUWGH  ࡱ+7 &RPPDQGHVSDUWRXFKHVVHQVLWLYHV
SOLQWKHSRXUWRXVOHVODYHYDLVVHOOH 5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH 3DQLHULQIpULHXU
WRXWLQWpJUDEOHV PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ SLFRWVUDEDWWDEOHV
*=    ࡱ F\FOH pWDJqUHVUDEDWWDEOHVSRXUXQH
5DOORQJH$TXD6WRS  ࡱ+7 $VVLVWDQWGHVpFKDJHSRXUXQH SURWHFWLRQRSWLPDOHGHVYHUUHV
ORQJXHXUP RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD 6XSSRUWjYHUUHVGLYLVLEOH
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ ILQGXSURJUDPPH 3DQLHUjFRXYHUWV
G
HDX )RQFWLRQGHSHUVRQQDOLVDWLRQ 
SHUPHWWDQWGHPpPRULVHUOHV 7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
$FFHVVRLUHVHQRSWLRQ FRPELQDLVRQVSHUVRQQHOOHVGH VXSpULHXULQIpULHXU SRXUOHV
'$    ࡱ SURJUDPPHV ODYHYDLVVHOOHKDXWHXUFP
7LURLUjFRXYHUWVDYHF  ࡱ+7 5pGXFWLRQVRQRUHWHPSRUDLUH HWFP
UDLOVTXLSHUPHWWHQWGHFRXOLVVHU XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ 
IDFLOHPHQW GH+RPH&RQQHFW  7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
HQLYHDXGHUDQJHPHQWDXGHVVXVGX 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ VXSpULHXULQIpULHXU SRXUOHV
SDQLHUVXSpULHXU 'pSDUWGLIIpUpMXVTX
jKHXUHV ODYHYDLVVHOOHKDXWHXUFP
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV 6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH HWFP
GHFXLVLQHHWWDVVHVH[SUHVVR SURJUDPPH 
&DSDFLWpFRXYHUWVDYHFOHV 7LPH/LJKW &DSDFLWpGHFRXYHUWV
QLYHDX[GHUDQJHPHQW &DSDFLWpPD[LPXPGHYHUUHVjYLQ
'$    ࡱ &DUDFWpULVWLTXHVWHFKQLTXHV
$FFHVVRLUHSRXU  ࡱ+7 (FODLUDJHSDUIDLWGHO
LQWpULHXUGHODFXYH &RQVRPPDWLRQV
FRXYHUWVHQDUJHQWSRXUWRXVOHV 3URWHFWLRQGHVYHUUHVJUkFHjOD=pROLWH &ODVVHG
HIILFDFLWppQHUJpWLTXH&
ODYHYDLVVHOOH $TXDVHQVRURSWLPLVHOHV VXUXQHpFKHOOHGH$j*
'$    ࡱ FRQVRPPDWLRQVVHORQOHGHJUpGH $SDUWLUGHOG
HDX
6XSSRUWSRXUYHUUHVj  ࡱ+7 VDOLVVXUH $SDUWLUGHN:K
ORQJVSLHGV 6HQVRUGHFKDUJH 1LYHDXVRQRUH'% UHS: 
3HUPHWXQSRVLWLRQQHPHQWVpFXULVpGH 'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV
YHUUHVjORQJVSLHGVSHQGDQWOH FRPELQpV &RQVHLOVG
LQVWDOODWLRQ
GpURXOHPHQWGXSURJUDPPHHWDVVXUH 5pJpQpUDWLRQpOHFWURQLTXH 3LHGVUpJODEOHVHQKDXWHXU
XQUpVXOWDWGHODYDJHRSWLPDO (FKDQJHXUWKHUPLTXH 5HWUDLWGHVRFOHPP YRLUFURTXLV 
$SODFHUGDQVOHSDQLHULQIpULHXU &KDXIIHHDXVRXVFXYH 3RXUO
XWLOLVDWLRQGX7LPH/LJKWSUpYRLU
'$  ࡱ 7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW XQUHWUDLWPLQLPXPGXVRFOH PP
7LURLUHQLYHDX  ࡱ+7 6\VWqPHIHUPHWXUHGRXFH pSDLVVHXUSDQQHDXG
KDELOODJH 
DYHFUDLOVSRXUFRXOLVVHPHQWIDFLOH $TXDVWRS /DKDXWHXUPD[LPDOHGXVRFOHGRLWrWUH
3RXUODYHYDLVVHOOHKDXWHXUFP UpGXLWHGHPPSRXUSHUPHWWUHXQH
7LURLUVXSSOpPHQWDLUHHQLYHDX 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV OHFWXUHRSWLPDOHGX7LPH/LJKW
DXGHVVXVGXSDQLHUVXSpULHXU PRGH'LJLWDO +RPH&RQQHFW  5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH 3RLGVGHODSRUWHMXVTX
jNJ
XVWHQVLOHVGHFXLVVRQ &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp /HVPHVXUHVGHODSRUWHGpSHQGHQWGH
(WDJqUHjFRXWHDX[PRELOH GHVVHUYLFHV+RPH&RQQHFWGDQVOH ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH FXLVLQH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV ,QVWDOODWLRQpJDOHPHQWSRVVLEOHGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU PHXEOHDYHFSRLJQpH/HV\VWqPH
ZZZKRPHFRQQHFWFRP 3XVKWRRSHQUHVWHDFWLI
 
 
 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHYDLVVHOOH 

Lave-vaisselle hauteur 86,5 cm Lave-vaisselle hauteur 81,5 cm

Mesures de raccordement pour lave-vaisselle de 60 cm de largeur

P P

 P P
P P

 P P P P


/DYHYDLVVHOOH6pULH 9DOHXUVGHUDFFRUGHPHQW 3URJUDPPHV
') ')  3XLVVDQFHWRWDOH: SURJUDPPHV
&kEOHGHUDFFRUGHPHQWDYHFSULVH $XWRƒ&ƒ&
² (FODLUDJHSDUIDLWGHO
LQWpULHXUGHOD 5DFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
FXYH 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
² 3URWHFWLRQRSWLPDOHGHVYHUUHV FKDXGHRXjO
HDXIURLGH ,QWHQVLIƒ&
GpOLFDWVJUkFHjXQVpFKDJHj (FRƒ&
EDVVHWHPSpUDWXUHDYHF=pROLWHj 3URJUDPPHQXLW
ODFRQFHSWLRQGXSDQLHUHWDX 5DSLGHƒ& PLQ 
V\VWqPHG
DGRXFLVVHPHQW )RQFWLRQGHSHUVRQQDOLVDWLRQ
LQWHOOLJHQWGHO
HDX UpJODJHSDUGpIDXWSUpODYDJH 
² SURJUDPPHVDYHF$TXDVHQVRUHW
RSWLRQVGRQW3RZHUSRXUXQ RSWLRQV
ODYDJHHWVpFKDJHHQPLQXWHVHW ,QWHQVLI
,QWHQVLISRXUXQODYDJHSDUWLFXOLqUH 3RZHU
PHQWPLQXWLHX[GDQVOHSDQLHU 'HPLFKDUJH
LQIpULHXU +\JLqQH
೦1RXYHDX ² 6\VWqPHGHSDQLHUVIOH[LEOHV
')  )೦  ࡱ PRQWpVVXUUDLOVTXLFRXOLVVHQWVDQV (QWUHWLHQGHO
DSSDUHLO
7RXWLQWpJUDEOH  ࡱ+7 HIIRUWVXUWRXVOHVQLYHDX[HWj
+RPH&RQQHFW IHUPHWXUH6RIWFORVH &DUDFWpULVWLTXHV
3RUWHjFRXOLVVH ² 6\VWqPHG
RXYHUWXUHGHSRUWH 6\VWqPHGHSDQLHUVIOH[LEOHVPRQWpV
+DXWHXUFP 3XVKWRRSHQSRXUXQHLQWpJUDWLRQ VXUUDLOVTXLFRXOLVVHQWVDQVHIIRUW
')  )೦  ࡱ SDUIDLWHGDQVOHVPHXEOHVGH VXUWRXVOHVQLYHDX[HWjIHUPHWXUH
7RXWLQWpJUDEOH  ࡱ+7 FXLVLQHVDQVSRLJQpHV 6RIWFORVH
+RPH&RQQHFW ² 3RUWHjFRXOLVVHSRXUXQHKDXWHXU
3RUWHjFRXOLVVH GHSOLQWKHUpGXLWHjSDUWLUGHPP 3DQLHUVXSpULHXU
+DXWHXUFP ² ,QIR/LJKWODWpUDO 6RUWLHWRWDOH
² 7UqVVLOHQFLHX['% =RQHGHQHWWR\DJHVXSSOpPHQWDLUHHQ
/HSUL[FRPSUHQG RSWLRQJUkFHjO
DFWLYDWLRQGHEXVHV
 GLIIXVHXUPXOWLMHWVSRXUJUDQGVSODWV %DQGHDXGHFRPPDQGH G
DVSHUVLRQDGGLWLRQQHOOHV
 SDQLHUjYHUUHV 'LVSOD\7)7DYHFLQGLFDWLRQGX 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
 VXSSRUWVSRXUSODWV*DVWUR1RUP WHPSVUHVWDQWRXGHO
KHXUHGHILQGH KDXWHXUMXVTX
jFP
NLWGHEDJXHWWHVGHILQLWLRQLQR[ SURJUDPPHLQGLFDWHXUGXPDQTXHGH SLFRWVUDEDWWDEOHV
VHORXGHOLTXLGHGHULQoDJHYR\DQWGH pWDJqUHVUDEDWWDEOHVSRXUXQH
$FFHVVRLUHVG
LQVWDOODWLRQ FRQWU{OHGHO
DUULYpHG
HDX SURWHFWLRQRSWLPDOHGHVYHUUHV
*=    ࡱ &RPPDQGHVSDUWRXFKHVVHQVLWLYHV
5DOORQJH$TXD6WRS  ࡱ+7 5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH 3DQLHULQIpULHXU
ORQJXHXUP PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ SLFRWVUDEDWWDEOHV
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ F\FOH pWDJqUHVUDEDWWDEOHVSRXUXQH
G
HDX $VVLVWDQWGHVpFKDJHSRXUXQH SURWHFWLRQRSWLPDOHGHVYHUUHV
RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD 6XSSRUWjYHUUHVGLYLVLEOH
$FFHVVRLUHVHQRSWLRQ ILQGXSURJUDPPH 3DQLHUjFRXYHUWV
'$    ࡱ )RQFWLRQGHSHUVRQQDOLVDWLRQ
7LURLUjFRXYHUWVDYHF  ࡱ+7 SHUPHWWDQWGHPpPRULVHUOHV 7DLOOHPD[LPDOHGHVDVVLHWWHV SDQLHU
UDLOVTXLSHUPHWWHQWGHFRXOLVVHU FRPELQDLVRQVSHUVRQQHOOHVGH VXSpULHXULQIpULHXU SRXUODYHYDLVVHOOH
IDFLOHPHQW SURJUDPPHV KDXWHXUFPRX
HQLYHDXGHUDQJHPHQWDXGHVVXVGX 5pGXFWLRQVRQRUHWHPSRUDLUH FP
SDQLHUVXSpULHXU XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV GH+RPH&RQQHFW  7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
GHFXLVLQHHWWDVVHVH[SUHVVR 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ VXSpULHXULQIpULHXU SRXUOHV
&DSDFLWpFRXYHUWVDYHFOHV 'pSDUWGLIIpUpMXVTX
jKHXUHV ODYHYDLVVHOOHKDXWHXUFP
QLYHDX[GHUDQJHPHQW 6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH HWFP
'$    ࡱ SURJUDPPH
$FFHVVRLUHSRXU  ࡱ+7 ,QIR/LJKWODWpUDO &DSDFLWpGHFRXYHUWV
FRXYHUWVHQDUJHQWSRXUWRXVOHV  &DSDFLWpPD[LPXPGHYHUUHVjYLQ
ODYHYDLVVHOOH &DUDFWpULVWLTXHVWHFKQLTXHV
'$    ࡱ (FODLUDJHSDUIDLWGHO
LQWpULHXUGHODFXYH &RQVRPPDWLRQV
6XSSRUWSRXUYHUUHVj  ࡱ+7 3URWHFWLRQGHVYHUUHVJUkFHjOD=pROLWH &ODVVHG
HIILFDFLWppQHUJpWLTXH&
ORQJVSLHGV $TXDVHQVRURSWLPLVHOHV VXUXQHpFKHOOHGH$j*
3HUPHWXQSRVLWLRQQHPHQWVpFXULVpGH FRQVRPPDWLRQVVHORQOHGHJUpGH $SDUWLUGHOG
HDX
YHUUHVjORQJVSLHGVSHQGDQWOH VDOLVVXUH $SDUWLUGHN:K
GpURXOHPHQWGXSURJUDPPHHWDVVXUH 6HQVRUGHFKDUJH 1LYHDXVRQRUH'% UHS: 
XQUpVXOWDWGHODYDJHRSWLPDO 'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV
$SODFHUGDQVOHSDQLHULQIpULHXU FRPELQpV &RQVHLOVG
LQVWDOODWLRQ
'$  ࡱ 5pJpQpUDWLRQpOHFWURQLTXH 3LHGVUpJODEOHVHQKDXWHXU
7LURLUHQLYHDX  ࡱ+7 (FKDQJHXUWKHUPLTXH 5HWUDLWGHVRFOHPP YRLUFURTXLV 
DYHFUDLOVSRXUFRXOLVVHPHQWIDFLOH &KDXIIHHDXVRXVFXYH 5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
3RXUODYHYDLVVHOOHKDXWHXUFP 7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW 3RLGVGHODSRUWHMXVTX
jNJ
7LURLUVXSSOpPHQWDLUHHQLYHDX 6\VWqPHIHUPHWXUHGRXFH /HVPHVXUHVGHODSRUWHGpSHQGHQWGH
DXGHVVXVGXSDQLHUVXSpULHXU $TXDVWRS ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV FXLVLQH
XVWHQVLOHVGHFXLVVRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV ,QVWDOODWLRQpJDOHPHQWSRVVLEOHGDQV
(WDJqUHjFRXWHDX[PRELOH PRGH'LJLWDO +RPH&RQQHFW  PHXEOHDYHFSRLJQpH/HV\VWqPH
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH 3XVKWRRSHQUHVWHDFWLI
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp 
GHVVHUYLFHV+RPH&RQQHFWGDQVOH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
SD\VUHVSHFWLI/HVVHUYLFHV+RPH FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV OHVSRUWHVjFRXOLVVHHQSDJHV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU j
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHYDLVVHOOH 

Lave-vaisselle hauteur 86,5 cm avec porte coulisse

Lave-vaisselle hauteur 81,5 cm avec porte à coulisse

Mesures de raccordement pour lave-vaisselle de 60 cm de largeur


/DYHYDLVVHOOH6pULH 9DOHXUVGHUDFFRUGHPHQW 3URJUDPPHV
') ')  3XLVVDQFHWRWDOH: SURJUDPPHV
&kEOHGHUDFFRUGHPHQWDYHFSULVH $XWRƒ&ƒ&
² 3URWHFWLRQRSWLPDOHGHVYHUUHV 5DFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
GpOLFDWVJUkFHjXQVpFKDJHj 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
EDVVHWHPSpUDWXUHDYHF=pROLWHj FKDXGHRXjO
HDXIURLGH (FRƒ&
ODFRQFHSWLRQGXSDQLHUHWDX 5DSLGHƒ& PLQ 
V\VWqPHG
DGRXFLVVHPHQW )RQFWLRQGHSHUVRQQDOLVDWLRQ
LQWHOOLJHQWGHO
HDX UpJODJHSDUGpIDXW3UpODYDJH 
² SURJUDPPHVDYHF$TXDVHQVRU
HWRSWLRQVGRQW3RZHUSRXU 2SWLRQV
೦1RXYHDX ODYDJHHWVpFKDJHHQPLQXWHVHW ,QWHQVLI
')  ೦  ࡱ ,QWHQVLISRXUXQODYDJHSDUWLFXOLqUH 3RZHU
7RXWLQWpJUDEOH  ࡱ+7 PHQWPLQXWLHX[GDQVOHSDQLHU 'HPLFKDUJH
+RPH&RQQHFW LQIpULHXU
+DXWHXUFP ² 6\VWqPHGHSDQLHUVIOH[LEOHVDYHF (QWUHWLHQGHO
DSSDUHLO
')  ೦  ࡱ UDLOVSRXUFRXOLVVHPHQWIDFLOHVXU
7RXWLQWpJUDEOH  ࡱ+7 WRXVOHVQLYHDX[ &DUDFWpULVWLTXHV
+RPH&RQQHFW ² (FODLUDJHLQWpULHXUOXPLQHX[ 6\VWqPHGHSDQLHUVIOH[LEOHVDYHFUDLOV
+DXWHXUFP ² 6\VWqPHG
RXYHUWXUHGHSRUWH SRXUFRXOLVVHPHQWIDFLOHVXUWRXVOHV
3XVKWRRSHQSRXUXQHLQWpJUDWLRQ QLYHDX[
/HSUL[FRPSUHQG SDUIDLWHGDQVOHVPHXEOHVGH
GLIIXVHXUPXOWLMHWSRXUJUDQGVSODWV FXLVLQHVDQVSRLJQpHV 3DQLHUVXSpULHXU
NLWGHEDUUHWWHVGHILQLWLRQLQR[ ² 7LPH/LJKWSURMHFWLRQGXWHPSV 6RUWLHWRWDOH
UHVWDQWHWGHODSKDVHHQFRXUVVXU =RQHGHQHWWR\DJHVXSSOpPHQWDLUHHQ
$FFHVVRLUHVG
LQVWDOODWLRQ OHVRO RSWLRQJUkFHjO
DFWLYDWLRQGHEXVHV
'$    ࡱ ² 7UqVVLOHQFLHX['% G
DVSHUVLRQDGGLWLRQQHOOHV
&KDUQLqUHVXSSRUWGH  ࡱ+7 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
SOLQWKHSRXUWRXVOHVODYHYDLVVHOOH %DQGHDXGHFRPPDQGH KDXWHXUMXVTX
jFP
WRXWLQWpJUDEOHV 'LVSOD\7)7DYHFLQGLFDWLRQGX SLFRWVUDEDWWDEOHV
*=    ࡱ WHPSVUHVWDQWRXGHO
KHXUHGHILQGH pWDJqUHVUDEDWWDEOHVSRXUXQH
5DOORQJH$TXD6WRS  ࡱ+7 SURJUDPPHLQGLFDWHXUGXPDQTXHGH SURWHFWLRQRSWLPDOHGHVYHUUHV
ORQJXHXUP VHORXGHOLTXLGHGHULQoDJHYR\DQWGH
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ FRQWU{OHGHO
DUULYpHG
HDX 3DQLHULQIpULHXU
G
HDX &RPPDQGHVSDUWRXFKHVVHQVLWLYHV SLFRWVUDEDWWDEOHV
 5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH pWDJqUHVUDEDWWDEOHVSRXUXQH
$FFHVVRLUHVHQRSWLRQ PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ SURWHFWLRQRSWLPDOHGHVYHUUHV
'$    ࡱ F\FOH 6XSSRUWjYHUUHVGLYLVLEOH
7LURLUjFRXYHUWVDYHF  ࡱ+7 $VVLVWDQWGHVpFKDJHSRXUXQH 3DQLHUjFRXYHUWV
UDLOVTXLSHUPHWWHQWGHFRXOLVVHU RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD
IDFLOHPHQW ILQGXSURJUDPPH 7DLOOHPD[LPDOHGHVDVVLHWWHV SDQLHU
HQLYHDXGHUDQJHPHQWDXGHVVXVGX )RQFWLRQGHSHUVRQQDOLVDWLRQ VXSpULHXULQIpULHXU SRXUODYHYDLVVHOOH
SDQLHUVXSpULHXU SHUPHWWDQWGHPpPRULVHUOHV KDXWHXUFPRX
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV FRPELQDLVRQVSHUVRQQHOOHVGH FP
GHFXLVLQHHWWDVVHVH[SUHVVR SURJUDPPHV 
&DSDFLWpFRXYHUWVDYHFOHV 5pGXFWLRQVRQRUHWHPSRUDLUH 7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
QLYHDX[GHUDQJHPHQW XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ VXSpULHXULQIpULHXU SRXUOHV
'$    ࡱ GH+RPH&RQQHFW  ODYHYDLVVHOOHKDXWHXUFP
$FFHVVRLUHSRXU  ࡱ+7 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ HWFP
FRXYHUWVHQDUJHQWSRXUWRXVOHV 'pSDUWGLIIpUpMXVTX
jKHXUHV
ODYHYDLVVHOOH 6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH &DSDFLWpGHFRXYHUWV
'$    ࡱ SURJUDPPH &DSDFLWpPD[LPXPGHYHUUHVjYLQ
6XSSRUWSRXUYHUUHVj  ࡱ+7 7LPH/LJKW
ORQJVSLHGV &RQVRPPDWLRQV
3HUPHWXQSRVLWLRQQHPHQWVpFXULVpGH &DUDFWpULVWLTXHVWHFKQLTXHV &ODVVHG
HIILFDFLWppQHUJpWLTXH&
YHUUHVjORQJVSLHGVSHQGDQWOH (FODLUDJHLQWpULHXUOXPLQHX[ VXUXQHpFKHOOHGH$j*
GpURXOHPHQWGXSURJUDPPHHWDVVXUH 3URWHFWLRQGHVYHUUHVJUkFHjOD $SDUWLUGHOG
HDX
XQUpVXOWDWGHODYDJHRSWLPDO =pROLWH $SDUWLUGHN:K
$SODFHUGDQVOHSDQLHULQIpULHXU $TXDVHQVRURSWLPLVHOHV 1LYHDXVRQRUH'% UHS: 
'$  ࡱ FRQVRPPDWLRQVVHORQOHGHJUpGH
7LURLUHQLYHDX  ࡱ+7 VDOLVVXUH &RQVHLOVG
LQVWDOODWLRQ
DYHFUDLOVSRXUFRXOLVVHPHQWIDFLOH 6HQVRUGHFKDUJH 3LHGVUpJODEOHVHQKDXWHXU
3RXUODYHYDLVVHOOHKDXWHXUFP 'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV 5HWUDLWGHVRFOHPP YRLUFURTXLV 
7LURLUVXSSOpPHQWDLUHHQLYHDX FRPELQpV 3RXUO
XWLOLVDWLRQGX7LPH/LJKWSUpYRLU
DXGHVVXVGXSDQLHUVXSpULHXU 5pJpQpUDWLRQpOHFWURQLTXH XQUHWUDLWPLQLPXPGXVRFOH PP
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV (FKDQJHXUWKHUPLTXH pSDLVVHXUSDQQHDXG
KDELOODJH 
XVWHQVLOHVGHFXLVVRQ &KDXIIHHDXVRXVFXYH /DKDXWHXUPD[LPDOHGXVRFOHGRLWrWUH
(WDJqUHjFRXWHDX[PRELOH 7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW UpGXLWHGHPPSRXUSHUPHWWUHXQH
6\VWqPHIHUPHWXUHGRXFH OHFWXUHRSWLPDOHGX7LPH/LJKW
$TXDVWRS 5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
3RLGVGHODSRUWHMXVTX
jNJ
0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV /HVPHVXUHVGHODSRUWHGpSHQGHQWGH
PRGH'LJLWDO +RPH&RQQHFW  ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH FXLVLQH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp ,QVWDOODWLRQpJDOHPHQWSRVVLEOHGDQV
GHVVHUYLFHV+RPH&RQQHFWGDQVOH PHXEOHDYHFSRLJQpH/HV\VWqPH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH 3XVKWRRSHQUHVWHDFWLI
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV 
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
ZZZKRPHFRQQHFWFRP FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU
OHVSRUWHVjFRXOLVVHHQSDJHV
 j

 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

/DYHYDLVVHOOH 

Lave-vaisselle hauteur 86,5 cm Lave-vaisselle hauteur 81,5 cm

Mesures de raccordement pour lave-vaisselle de 60 cm de largeur

P P

 P P
P P

 P P P P


/DYHYDLVVHOOH6pULH 9DOHXUVGHUDFFRUGHPHQW 3URJUDPPHV
') ')  3XLVVDQFHWRWDOH: SURJUDPPHV
&kEOHGHUDFFRUGHPHQWDYHFSULVH $XWRƒ&ƒ&
² 3URWHFWLRQRSWLPDOHGHVYHUUHV 5DFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
GpOLFDWVJUkFHjXQVpFKDJHj 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
EDVVHWHPSpUDWXUHDYHF=pROLWHj FKDXGHRXjO
HDXIURLGH (FRƒ&
ODFRQFHSWLRQGXSDQLHUHWDX 5DSLGHƒ& PLQ 
V\VWqPHG
DGRXFLVVHPHQW )RQFWLRQGHSHUVRQQDOLVDWLRQ
LQWHOOLJHQWGHO
HDX UpJODJHSDUGpIDXW3UpODYDJH 
² SURJUDPPHVDYHF$TXDVHQVRUHW
RSWLRQVGRQW3RZHUSRXUODYDJH 2SWLRQV
೦1RXYHDX HWVpFKDJHHQPLQXWHVHW ,QWHQVLI
')  )೦  ࡱ ,QWHQVLISRXUXQODYDJHSDUWLFXOLqUH 3RZHU
7RXWLQWpJUDEOH  ࡱ+7 PHQWPLQXWLHX[GDQVOHSDQLHU 'HPLFKDUJH
+RPH&RQQHFW LQIpULHXU
3RUWHjFRXOLVVH ² 6\VWqPHGHSDQLHUVIOH[LEOHVDYHF (QWUHWLHQGHO
DSSDUHLO
+DXWHXUFP UDLOVSRXUFRXOLVVHPHQWIDFLOHVXU
')  )೦  ࡱ WRXVOHVQLYHDX[ &DUDFWpULVWLTXHV
7RXWLQWpJUDEOH  ࡱ+7 ² (FODLUDJHLQWpULHXUOXPLQHX[ 6\VWqPHGHSDQLHUVIOH[LEOHVDYHFUDLOV
+RPH&RQQHFW ² 6\VWqPHG
RXYHUWXUHGHSRUWH SRXUFRXOLVVHPHQWIDFLOHVXUWRXVOHV
3RUWHjFRXOLVVH 3XVKWRRSHQSRXUXQHLQWpJUDWLRQ QLYHDX[
+DXWHXUFP SDUIDLWHGDQVOHVPHXEOHVGH
FXLVLQHVDQVSRLJQpHV 3DQLHUVXSpULHXU
/HSUL[FRPSUHQG ² 3RUWHjFRXOLVVHSRXUXQHKDXWHXU 6RUWLHWRWDOH
GLIIXVHXUPXOWLMHWSRXUJUDQGVSODWV GHSOLQWKHUpGXLWHjSDUWLUGHPP =RQHGHQHWWR\DJHVXSSOpPHQWDLUHHQ
NLWGHEDUUHWWHVGHILQLWLRQLQR[ ² ,QIR/LJKWODWpUDO RSWLRQJUkFHjO
DFWLYDWLRQGHEXVHV
² 7UqVVLOHQFLHX['% G
DVSHUVLRQDGGLWLRQQHOOHV
$FFHVVRLUHVG
LQVWDOODWLRQ 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
*=    ࡱ %DQGHDXGHFRPPDQGH KDXWHXUMXVTX
jFP
5DOORQJH$TXD6WRS  ࡱ+7 'LVSOD\7)7DYHFLQGLFDWLRQGX SLFRWVUDEDWWDEOHV
ORQJXHXUP WHPSVUHVWDQWRXGHO
KHXUHGHILQGH pWDJqUHVUDEDWWDEOHVSRXUXQH
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ SURJUDPPHLQGLFDWHXUGXPDQTXHGH SURWHFWLRQRSWLPDOHGHVYHUUHV
G
HDX VHORXGHOLTXLGHGHULQoDJHYR\DQWGH
 FRQWU{OHGHO
DUULYpHG
HDX 3DQLHULQIpULHXU
$FFHVVRLUHVHQRSWLRQ &RPPDQGHVSDUWRXFKHVVHQVLWLYHV SLFRWVUDEDWWDEOHV
'$    ࡱ 5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH pWDJqUHVUDEDWWDEOHVSRXUXQH
7LURLUjFRXYHUWVDYHF  ࡱ+7 PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ SURWHFWLRQRSWLPDOHGHVYHUUHV
UDLOVTXLSHUPHWWHQWGHFRXOLVVHU F\FOH 6XSSRUWjYHUUHVGLYLVLEOH
IDFLOHPHQW $VVLVWDQWGHVpFKDJHSRXUXQH 3DQLHUjFRXYHUWV
HQLYHDXGHUDQJHPHQWDXGHVVXVGX RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD 
SDQLHUVXSpULHXU ILQGXSURJUDPPH 7DLOOHPD[LPDOHGHVDVVLHWWHV SDQLHU
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV )RQFWLRQGHSHUVRQQDOLVDWLRQ VXSpULHXULQIpULHXU SRXUODYHYDLVVHOOH
GHFXLVLQHHWWDVVHVH[SUHVVR SHUPHWWDQWGHPpPRULVHUOHV KDXWHXUFPRX
&DSDFLWpFRXYHUWVDYHFOHV FRPELQDLVRQVSHUVRQQHOOHVGH FP
QLYHDX[GHUDQJHPHQW SURJUDPPHV
'$    ࡱ 5pGXFWLRQVRQRUHWHPSRUDLUH 7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
$FFHVVRLUHSRXU  ࡱ+7 XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ VXSpULHXULQIpULHXU SRXUOHV
FRXYHUWVHQDUJHQWSRXUWRXVOHV GH+RPH&RQQHFW  ODYHYDLVVHOOHKDXWHXUFP
ODYHYDLVVHOOH 7RXFKHLQIRDYHFFRQVHLOVG
XWLOLVDWLRQ HWFP
'$    ࡱ 'pSDUWGLIIpUpMXVTX
jKHXUHV
6XSSRUWSRXUYHUUHVj  ࡱ+7 6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH &DSDFLWpGHFRXYHUWV
ORQJVSLHGV SURJUDPPH &DSDFLWpPD[LPXPGHYHUUHVjYLQ
3HUPHWXQSRVLWLRQQHPHQWVpFXULVpGH ,QIR/LJKWODWpUDO
YHUUHVjORQJVSLHGVSHQGDQWOH &RQVRPPDWLRQV
GpURXOHPHQWGXSURJUDPPHHWDVVXUH &DUDFWpULVWLTXHVWHFKQLTXHV &ODVVHG
HIILFDFLWppQHUJpWLTXH&
XQUpVXOWDWGHODYDJHRSWLPDO (FODLUDJHLQWpULHXUOXPLQHX[ VXUXQHpFKHOOHGH$j*
$SODFHUGDQVOHSDQLHULQIpULHXU 3URWHFWLRQGHVYHUUHVJUkFHjOD $SDUWLUGHOG
HDX
'$  ࡱ =pROLWH $SDUWLUGHN:K
7LURLUHQLYHDX  ࡱ+7 $TXDVHQVRURSWLPLVHOHV 1LYHDXVRQRUH'% UHS: 
DYHFUDLOVSRXUFRXOLVVHPHQWIDFLOH FRQVRPPDWLRQVVHORQOHGHJUpGH
3RXUODYHYDLVVHOOHKDXWHXUFP VDOLVVXUH &RQVHLOVG
LQVWDOODWLRQ
7LURLUVXSSOpPHQWDLUHHQLYHDX 6HQVRUGHFKDUJH 3LHGVUpJODEOHVHQKDXWHXU
DXGHVVXVGXSDQLHUVXSpULHXU 'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV 5HWUDLWGHVRFOHPP YRLUFURTXLV 
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV FRPELQpV 5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
XVWHQVLOHVGHFXLVVRQ 5pJpQpUDWLRQpOHFWURQLTXH 3RLGVGHODSRUWHMXVTX
jNJ
(WDJqUHjFRXWHDX[PRELOH (FKDQJHXUWKHUPLTXH /HVPHVXUHVGHODSRUWHGpSHQGHQWGH
&KDXIIHHDXVRXVFXYH ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW FXLVLQH
6\VWqPHIHUPHWXUHGRXFH ,QVWDOODWLRQpJDOHPHQWSRVVLEOHGDQV
$TXDVWRS PHXEOHDYHFSRLJQpH/HV\VWqPH
3XVKWRRSHQUHVWHDFWLI
0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 
PRGH'LJLWDO +RPH&RQQHFW  &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp OHVSRUWHVjFRXOLVVHHQSDJHV
GHVVHUYLFHV+RPH&RQQHFWGDQVOH j
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHYDLVVHOOH 

Lave-vaisselle hauteur 86,5 cm avec porte coulisse Lave-vaisselle hauteur 81,5 cm avec porte à coulisse

Mesures de raccordement pour lave-vaisselle de 60 cm de largeur


/DYHYDLVVHOOH6pULH 9DOHXUVGHUDFFRUGHPHQW 3URJUDPPHV
') ')  3XLVVDQFHWRWDOH: SURJUDPPHV
&kEOHGHUDFFRUGHPHQWDYHFSULVH $XWRƒ&ƒ&
² 3URWHFWLRQRSWLPDOHGHVYHUUHV 5DFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
GpOLFDWVJUkFHjXQVpFKDJHj 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX $XWRƒ&ƒ&
EDVVHWHPSpUDWXUHDYHF=pROLWHj FKDXGHRXjO
HDXIURLGH (FRƒ&
ODFRQFHSWLRQGXSDQLHUHWDX 5DSLGHƒ& PLQ 
V\VWqPHG
DGRXFLVVHPHQW )RQFWLRQGHSHUVRQQDOLVDWLRQ UpJODJH
LQWHOOLJHQWGHO
HDX SDUGpIDXW3UpODYDJH 
² SURJUDPPHVDYHF$TXDVHQVRUHW
RSWLRQVGRQW3RZHUSRXUODYDJH 2SWLRQV
೦1RXYHDX HWVpFKDJHHQPLQXWHVHW ,QWHQVLI
')  ೦  ࡱ ,QWHQVLISRXUXQODYDJHSDUWLFXOLqUH 3RZHU
7RXWLQWpJUDEOH  ࡱ+7 PHQWPLQXWLHX[GDQVOHSDQLHU 'HPLFKDUJH
+RPH&RQQHFW LQIpULHXU
+DXWHXUFP ² 6\VWqPHGHSDQLHUVIOH[LEOH (QWUHWLHQGHO
DSSDUHLO
')  ೦  ࡱ ² (FODLUDJHLQWpULHXUOXPLQHX[
7RXWLQWpJUDEOH  ࡱ+7 ² 7LPH/LJKWSURMHFWLRQGXWHPSV &DUDFWpULVWLTXHV
+RPH&RQQHFW UHVWDQWHWGHODSKDVHHQFRXUVVXU 6\VWqPHGHSDQLHUVIOH[LEOHV
+DXWHXUFP OHVRO 
² 7UqVVLOHQFLHX['% 3DQLHUVXSpULHXU
/HSUL[FRPSUHQG 6RUWLHWRWDOH
GLIIXVHXUPXOWLMHWSRXUJUDQGVSODWV %DQGHDXGHFRPPDQGH =RQHGHQHWWR\DJHVXSSOpPHQWDLUHHQ
NLWGHEDUUHWWHVGHILQLWLRQLQR[ 'LVSOD\7)7DYHFLQGLFDWLRQGX RSWLRQJUkFHjO
DFWLYDWLRQGHEXVHV
WHPSVUHVWDQWRXGHO
KHXUHGHILQGH G
DVSHUVLRQDGGLWLRQQHOOHV
$FFHVVRLUHVG
LQVWDOODWLRQ SURJUDPPHLQGLFDWHXUGXPDQTXHGH 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
'$    ࡱ VHORXGHOLTXLGHGHULQoDJHYR\DQWGH KDXWHXUMXVTX
jFP
&KDUQLqUHVXSSRUWGH  ࡱ+7 FRQWU{OHGHO
DUULYpHG
HDX SLFRWVUDEDWWDEOHV
SOLQWKHSRXUWRXVOHVODYHYDLVVHOOHWRXW &RPPDQGHVSDUWRXFKHVVHQVLWLYHV pWDJqUHVUDEDWWDEOHVSRXUXQH
LQWpJUDEOHV 5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH SURWHFWLRQRSWLPDOHGHVYHUUHV
'$    ࡱ PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ 
3RUWHSOHLQYHUUHVXU  ࡱ+7 F\FOH 3DQLHULQIpULHXU
LQR[SRXUKDELODJHGHVODYHYDLVVHOOH $VVLVWDQWGHVpFKDJHSRXUXQH SLFRWVUDEDWWDEOHV
KDXWHXUFP RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD pWDJqUHVUDEDWWDEOHVSRXUXQH
'$    ࡱ ILQGXSURJUDPPH SURWHFWLRQRSWLPDOHGHVYHUUHV
3RUWHSOHLQYHUUHVXU  ࡱ+7 )RQFWLRQGHSHUVRQQDOLVDWLRQ 6XSSRUWjYHUUHVGLYLVLEOH
LQR[SRXUKDELOODJHGHVODYHYDLVVHOOH SHUPHWWDQWGHPpPRULVHUOHV 3DQLHUjFRXYHUWV
KDXWHXUFP FRPELQDLVRQVSHUVRQQHOOHVGH 
*+    ࡱ SURJUDPPHV 7DLOOHPD[LPDOHGHVDVVLHWWHV SDQLHU
3RLJQpHDYHFYLV  ࡱ+7 5pGXFWLRQVRQRUHWHPSRUDLUH VXSpULHXULQIpULHXU SRXUODYHYDLVVHOOH
,QR[ORQJXHXUFPLQWHUYDOOH XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ KDXWHXUFPRX
GHSHUoDJHPP GH+RPH&RQQHFW  FP
*=    ࡱ 7RXFKH,QIRDYHFFRQVHLOVG
XWLOLVDWLRQ
5DOORQJH$TXD6WRS  ࡱ+7 'pSDUWGLIIpUpMXVTX
jKHXUHV 7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
ORQJXHXUP 6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH VXSpULHXULQIpULHXU SRXUOHV
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ SURJUDPPH ODYHYDLVVHOOHKDXWHXUFP
G
HDX 7LPH/LJKW HWFP

$FFHVVRLUHVHQRSWLRQ &DUDFWpULVWLTXHVWHFKQLTXHV &DSDFLWpGHFRXYHUWV
'$  ࡱ (FODLUDJHLQWpULHXUOXPLQHX[ &DSDFLWpPD[LPXPGHYHUUHVjYLQ
7LURLUjFRXYHUWV  ࡱ+7 3URWHFWLRQGHVYHUUHVJUkFHjOD
)OH[L3OXVHQLYHDX =pROLWH &RQVRPPDWLRQV
UDLOVWpOHVFRSLTXHVLQFOXV $TXDVHQVRURSWLPLVHOHV &ODVVHG
HIILFDFLWppQHUJpWLTXH&
7L]RLUVXSSOpPHQWDLUHHQLYHDX FRQVRPPDWLRQVVHORQOHGHJUpGH VXUXQHpFKHOOHGH$j*
DXGHVVXVGXSDQLHUVXSpULHXU VDOLVVXUH $SDUWLUGHOG
HDX
)OH[L3OXV 6HQVRUGHFKDUJH $SDUWLUGHN:K
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV 'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV 1LYHDXVRQRUH'% UHS: 
GHFXLVLQHHWWDVVHVH[SUHVVR FRPELQpV
&DSDFLWpFRXYHUWVVLXWLOLVDWLRQGHV 5pJpQpUDWLRQpOHFWURQLTXH &RQVHLOVG
LQVWDOODWLRQ
QLYHDX[GHSDQLHU)OH[3OXV (FKDQJHXUWKHUPLTXH 3LHGVUpJODEOHVHQKDXWHXU
'$    ࡱ &KDXIIHHDXVRXVFXYH 5HWUDLWGHVRFOHPP YRLUFURTXLV 
$FFHVVRLUHSRXU  ࡱ+7 7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW 3RXUO
XWLOLVDWLRQGX7LPH/LJKWSUpYRLU
FRXYHUWVHQDUJHQWSRXUWRXVOHV 6\VWqPHIHUPHWXUHGRXFH XQUHWUDLWPLQLPXPGXVRFOH PP
ODYHYDLVVHOOH $TXDVWRS pSDLVVHXUSDQQHDXG
KDELOODJH 
'$    ࡱ /DKDXWHXUPD[LPDOHGXVRFOHGRLWrWUH
6XSSRUWSRXUYHUUHV  ࡱ+7 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV UpGXLWHGHPPSRXUSHUPHWWUHXQH
jORQJVSLHGV PRGH'LJLWDO +RPH&RQQHFW  OHFWXUHRSWLPDOHGX7LPH/LJKW
3HUPHWXQSRVLWLRQQHPHQWVpFXULVp /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH 5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
GHYHUUHVjORQJVSLHGVSHQGDQWOH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp 3RLGVGHODSRUWHMXVTX
jNJ
GpURXOHPHQWGXSURJUDPPHHWDVVXUH GHVVHUYLFHV+RPH&RQQHFWGDQVOH /HVPHVXUHVGHODSRUWHGpSHQGHQWGH
XQUpVXOWDWGHODYDJHRSWLPDO SD\VUHVSHFWLI/HVVHUYLFHV+RPH ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
$SODFHUGDQVOHSDQLHULQIpULHXU &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV FXLVLQH
'$  ࡱ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU 
7LURLUHQLYHDXSRXU  ࡱ+7 ZZZKRPHFRQQHFWFRP &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
ODYHYDLVVHOOHKDXWHXUFP  FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU
7LURLUVXSSOpPHQWDLUHHQLYHDX  OHVSRUWHVjFRXOLVVHHQSDJHV
DXGHVVXVGXSDQLHUVXSpULHXU  j
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV  
XVWHQVLOHVGHFXLVVRQ
(WDJqUHjFRXWHDX[PRELOH

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHYDLVVHOOH 

Lave-vaisselle hauteur 86,5 cm Lave-vaisselle hauteur 81,5 cm

Mesures de raccordement pour lave-vaisselle de 60 cm de largeur

P P

 P P
P P

 P P P P



/DYHYDLVVHOOH6pULH '$  ࡱ &DUDFWpULVWLTXHV
') ')  7LURLUHQLYHDXSRXU  ࡱ+7 6\VWqPHGHSDQLHUVIOH[LEOHV
ODYHYDLVVHOOHKDXWHXUFP
² SURJUDPPHVDYHF$TXDVHQVRUHW 7LURLUVXSSOpPHQWDLUHHQLYHDX 3DQLHUVXSpULHXU
RSWLRQVGRQW3RZHUSRXUODYDJH DXGHVVXVGXSDQLHUVXSpULHXU 6RUWLHWRWDOH
HWVpFKDJHHQPLQXWHVHW 3RXUGHSHWLWVEROVGHVWDVVHVHWGHV 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
,QWHQVLISRXUXQODYDJHSDUWLFXOLqUH XVWHQVLOHVGHFXLVVRQ KDXWHXUMXVTX
jFP
PHQWPLQXWLHX[GDQVOHSDQLHU (WDJqUHjFRXWHDX[PRELOH SLFRWVUDEDWWDEOHV
LQIpULHXU pWDJqUHVUDEDWWDEOHVSRXUXQH
² 6\VWqPHGHSDQLHUVIOH[LEOH SURWHFWLRQRSWLPDOHGHVYHUUHV
² (FODLUDJHLQWpULHXUOXPLQHX[
೦1RXYHDX ² 7UqVVLOHQFLHX['% 3DQLHULQIpULHXU
')  ೦  ࡱ SLFRWVUDEDWWDEOHV
7RXWLQWpJUDEOH  ࡱ+7 %DQGHDXGHFRPPDQGH pWDJqUHVUDEDWWDEOHVSRXUXQH
+RPH&RQQHFW 'LVSOD\7)7DYHFLQGLFDWLRQGX SURWHFWLRQRSWLPDOHGHVYHUUHV
+DXWHXUFP WHPSVUHVWDQWRXGHO
KHXUHGHILQGH 6XSSRUWjYHUUHVGLYLVLEOH
')  ೦  ࡱ SURJUDPPHLQGLFDWHXUGXPDQTXHGH 3DQLHUjFRXYHUWV
7RXWLQWpJUDEOH  ࡱ+7 VHORXGHOLTXLGHGHULQoDJHYR\DQWGH
+RPH&RQQHFW FRQWU{OHGHO
DUULYpHG
HDX 7DLOOHPD[LPDOHGHVDVVLHWWHV SDQLHU
+DXWHXUFP &RPPDQGHVSDUWRXFKHVVHQVLWLYHV VXSpULHXULQIpULHXU SRXUODYHYDLVVHOOH
5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH KDXWHXUFPRX
/HSUL[FRPSUHQG PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ FP
GLIIXVHXUPXOWLMHWSRXUJUDQGVSODWV F\FOH
$VVLVWDQWGHVpFKDJHSRXUXQH 7DLOOHPD[LPXPGHVDVVLHWWHV SDQLHU
$FFHVVRLUHVG
LQVWDOODWLRQ RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD VXSpULHXULQIpULHXU SRXUOHV
'$    ࡱ ILQGXSURJUDPPH ODYHYDLVVHOOHKDXWHXUFP
%DUUHWWHVGHILQLWLRQ  ࡱ+7 )RQFWLRQGHSHUVRQQDOLVDWLRQ HWFP
LQR[SRXUODYHYDLVVHOOHKDXWHXU SHUPHWWDQWGHPpPRULVHUOHV
FP FRPELQDLVRQVSHUVRQQHOOHVGH &DSDFLWpGHFRXYHUWV
'$    ࡱ SURJUDPPHV &DSDFLWpPD[LPXPGHYHUUHVjYLQ
%DUUHWWHVGHILQLWLRQ  ࡱ+7 5pGXFWLRQVRQRUHWHPSRUDLUH
LQR[SRXUODYHYDLVVHOOHKDXWHXU XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ &RQVRPPDWLRQV
FP GH+RPH&RQQHFW  &ODVVHG
HIILFDFLWppQHUJpWLTXH'
'$    ࡱ 7RXFKH,QIRDYHFFRQVHLOVG
XWLOLVDWLRQ VXUXQHpFKHOOHGH$j*
&KDUQLqUHVXSSRUW  ࡱ+7 'pSDUWGLIIpUpMXVTX
jKHXUHV $SDUWLUGHOG
HDX
GHSOLQWKHSRXUWRXVOHVODYHYDLVVHOOH 6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH $SDUWLUGHN:K
WRXWLQWpJUDEOHV SURJUDPPH 1LYHDXVRQRUH'% UHS: 
'$    ࡱ 7pPRLQOXPLQHX[GHIRQFWLRQQHPHQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 ,QIR/LJKW &RQVHLOVG
LQVWDOODWLRQ
LQR[SRXUKDELODJHGHVODYHYDLVVHOOH 3LHGVUpJODEOHVHQKDXWHXU
KDXWHXUFP &DUDFWpULVWLTXHVWHFKQLTXHV 5HWUDLWGHVRFOHPP YRLUFURTXLV 
'$    ࡱ (FODLUDJHLQWpULHXUOXPLQHX[ 5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
3RUWHSOHLQYHUUHVXU  ࡱ+7 3URWHFWLRQGHVYHUUHV 3RLGVGHODSRUWHMXVTX
jNJ
LQR[SRXUKDELOODJHGHVODYHYDLVVHOOH $TXDVHQVRURSWLPLVHOHV /HVPHVXUHVGHODSRUWHGpSHQGHQWGH
KDXWHXUFP FRQVRPPDWLRQVVHORQOHGHJUpGH ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
*+    ࡱ VDOLVVXUH FXLVLQH
3RLJQpHDYHFYLV  ࡱ+7 6HQVRUGHFKDUJH 
,QR[ORQJXHXUFPLQWHUYDOOH 'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
GHSHUoDJHPP FRPELQpV FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU
*=    ࡱ 5pJpQpUDWLRQpOHFWURQLTXH OHVSRUWHVjFRXOLVVHHQSDJHV
5DOORQJH$TXD6WRS  ࡱ+7 (FKDQJHXUWKHUPLTXH j
ORQJXHXUP &KDXIIHHDXVRXVFXYH
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ 7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW 9DOHXUVGHUDFFRUGHPHQW
G
HDX 6\VWqPHIHUPHWXUHGRXFH 3XLVVDQFHWRWDOH:
$TXDVWRS &kEOHGHUDFFRUGHPHQWDYHFSULVH
$FFHVVRLUHVHQRSWLRQ 5DFFRUGHPHQWjO
HDX
'$    ࡱ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX
7LURLUjFRXYHUWV  ࡱ+7 PRGH'LJLWDO +RPH&RQQHFW  FKDXGHRXjO
HDXIURLGH
)OH[L3OXVqPHQLYHDX /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
UDLOVWpOHVFRSLTXHVLQFOXV &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
7LRLUVXSSOpPHQWDLUHqPHQLYHDX GHVVHUYLFHV+RPH&RQQHFWGDQVOH
DXGHVVXVGXSDQLHUVXSpULHXU SD\VUHVSHFWLI/HVVHUYLFHV+RPH
)OH[L3OXV &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
GHFXLVLQHHWWDVVHVH[SUHVVR ZZZKRPHFRQQHFWFRP
&DSDFLWpFRXYHUWVVLXWLOLVDWLRQGHV
QLYHDX[GHSDQLHU)OH[3OXV 3URJUDPPHV
'$    ࡱ SURJUDPPHV
$FFHVVRLUHSRXU  ࡱ+7 $XWRƒ&ƒ&
FRXYHUWVHQDUJHQWSRXUWRXVOHV $XWRƒ&ƒ&
ODYHYDLVVHOOH $XWRƒ&ƒ&
'$    ࡱ (FRƒ&
6XSSRUWSRXUYHUUHV  ࡱ+7 5DSLGHƒ& PLQ 
jORQJVSLHGV )RQFWLRQGHSHUVRQQDOLVDWLRQ UpJODJH
3HUPHWXQSRVLWLRQQHPHQWVpFXULVp SDUGpIDXW3UpODYDJH 
GHYHUUHVjORQJVSLHGVSHQGDQWOH
GpURXOHPHQWGXSURJUDPPHHWDVVXUH 2SWLRQV
XQUpVXOWDWGHODYDJHRSWLPDO ,QWHQVLI
$SODFHUGDQVOHSDQLHULQIpULHXU 3RZHU
6pFKDJH([WUD


/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHYDLVVHOOH 

Lave-vaisselle hauteur 86,5 cm Lave-vaisselle hauteur 81,5 cm

Mesures de raccordement pour lave-vaisselle de 60 cm de largeur


/DYHYDLVVHOOH6pULH 2SWLRQ
')  3RZHU

² 3URWHFWLRQRSWLPDOHGHVYHUUHV (QWUHWLHQGHO
DSSDUHLO
GpOLFDWVJUkFHjXQVpFKDJHj 
EDVVHWHPSpUDWXUHDYHF=pROLWH &DUDFWpULVWLTXHV
jODFRQFHSWLRQGXSDQLHUHWDX 6\VWqPHGHSDQLHUVIOH[LEOHV
V\VWqPHG
DGRXFLVVHPHQW 7LURLUjFRXYHUWV
LQWHOOLJHQWGHO
HDX 
² SURJUDPPHVDYHF$TXDVHQVRUHW 3DQLHUVXSpULHXU
೦1RXYHDX RSWLRQ3RZHUSRXUODYDJHHW 5DFNPDWLFVXUQLYHDX[UpJODEOHHQ
')೦  ࡱ VpFKDJHHQPLQXWHV KDXWHXUMXVTX
jFP
7RXWLQWpJUDEOH ࡱ+7 ² 6\VWqPHGHSDQLHUVIOH[LEOHV SLFRWVG
DVVLHWWHVUDEDWWDEOHV
+RPH&RQQHFW LQFOXDQWOHWLURLUjFRXYHUWVSRXUXQ pWDJqUHUDEDWWDEOH
+DXWHXUFP UDQJHPHQWRSWLPDO 
/DUJHXUFP ² 7LPH/LJKWSURMHFWLRQGXWHPSV 3DQLHULQIpULHXU
UHVWDQWHWGHODSKDVHHQFRXUVVXU SLFRWVG
DVVLHWWHVUDEDWWDEOHV
/HSUL[FRPSUHQG OHVRO pWDJqUHUDEDWWDEOH
 GLIIXVHXUPXOWLMHWSRXUJUDQGVSODWV ² (FODLUDJHLQWpULHXUOXPLQHX[ 6XSSRUWSRXUYHUUHV
² 7UqVVLOHQFLHX['% 
$FFHVVRLUHVG
LQVWDOODWLRQ 7DLOOHPD[LPDOHGHVDVVLHWWHV SDQLHU
'$    ࡱ %DQGHDXGHFRPPDQGH VXSpULHXULQIpULHXU 
%DUUHWWHGHMRQFWLRQHW  ࡱ+7 'LVSOD\DYHFDIILFKDJHGXWHPSV MXVTX
jFP
GHILQLWLRQSRXUODYHYDLVVHOOHKDXWHXU UHVWDQWRXKHXUHGHILQGHSURJUDPPH 
FPHWODUJHXUFP LQGLFDWHXUGHPDQTXHGHVHOHWGH &DSDFLWpGHFRXYHUWV
'$    ࡱ SURGXLWGHULQoDJHYR\DQWGHFRQWU{OH
&KDUQLqUHVXSSRUWGH  ࡱ+7 SRXUO
DUULYpHG
HDX &RQVRPPDWLRQV
SOLQWKHSRXUWRXVOHVODYHYDLVVHOOH 5pGXFWLRQIOH[LEOHGHODGXUpHGXF\FOH &ODVVHG
HIILFDFLWppQHUJpWLTXH&
WRXWLQWpJUDEOHV PrPHGXUDQWOHIRQFWLRQQHPHQWG
XQ VXUXQHpFKHOOHGH$j*
*=    ࡱ F\FOH $SDUWLUGHOG
HDX
5DOORQJH$TXD6WRS  ࡱ+7 $VVLVWDQWGHVpFKDJHSRXUXQH $SDUWLUGHN:K
ORQJXHXUP RXYHUWXUHRSWLRQQHOOHGHODSRUWHjOD 1LYHDXVRQRUH'% UHS: 
5DOORQJHSRXUO
DUULYpHHWO
pYDFXDWLRQ ILQGXSURJUDPPH
G
HDX )RQFWLRQGHSHUVRQQDOLVDWLRQ &RQVHLOVG
LQVWDOODWLRQ
SHUPHWWDQWGHPpPRULVHUOHV 3LHGVUpJODEOHVHQKDXWHXU
$FFHVVRLUHVHQRSWLRQ FRPELQDLVRQVSHUVRQQHOOHVGH 5HWUDLWGHVRFOHPP YRLUFURTXLV 
'$    ࡱ SURJUDPPHV 3RXUO
XWLOLVDWLRQGX7LPH/LJKWSUpYRLU
$FFHVVRLUH  ࡱ+7 5pGXFWLRQVRQRUHWHPSRUDLUH XQUHWUDLWPLQLPXPGXVRFOH PP
SRXUFRXYHUWVHQDUJHQW XQLTXHPHQWGLVSRQLEOHYLDO
DFWLYDWLRQ pSDLVVHXUSDQQHDXG
KDELOODJH 
SRXUWRXVOHVODYHYDLVVHOOH GH+RPH&RQQHFW  /DKDXWHXUPD[LPDOHGXVRFOHGRLWrWUH
 'pSDUWGLIIpUpMXVTX
jKHXUHV UpGXLWHGHPPSRXUSHUPHWWUHXQH
6LJQDOYLVXHOHWDFRXVWLTXHGHILQGH OHFWXUHRSWLPDOHGX7LPH/LJKW
SURJUDPPH 5pJODJHGHVSLHGVDUULqUHVSDUO
DYDQW
7LPH/LJKW 3RLGVGHODSRUWHMXVTX
jNJ
/HVPHVXUHVGHODSRUWHGpSHQGHQWGH
&DUDFWpULVWLTXHVWHFKQLTXHV ODKDXWHXUGHSOLQWKHGHVPHXEOHVGH
(FODLUDJHLQWpULHXUOXPLQHX[ FXLVLQH
3URWHFWLRQGHVYHUUHVJUkFHjOD 
=pROLWH &RQVHLOVG
LQVWDOODWLRQFRPSOpPHQWDLUHV
$TXDVHQVRURSWLPLVHOHV FRPSUHQDQWDXVVLGHVLQGLFDWLRQVVXU
FRQVRPPDWLRQVVHORQOHGHJUpGH OHVSRUWHVjFRXOLVVHHQSDJHV
VDOLVVXUH j
6HQVRUGHFKDUJH
'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV 9DOHXUVGHUDFFRUGHPHQW
FRPELQpV 3XLVVDQFHWRWDOH:
5pJpQpUDWLRQpOHFWURQLTXH &kEOHGHUDFFRUGHPHQWDYHFSULVH
(FKDQJHXUWKHUPLTXH 5DFFRUGHPHQWjO
HDX
&KDXIIHHDXVRXVFXYH 3RVVLELOLWpGHUDFFRUGHPHQWjO
HDX
7ULSOHV\VWqPHGHILOWUDJHDXWRQHWWR\DQW FKDXGHRXjO
HDXIURLGH
6\VWqPHIHUPHWXUHGRXFH
$TXDVWRS

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

3URJUDPPHV
SURJUDPPHV
$XWRƒ&ƒ&
$XWRƒ&ƒ&
,QWHQVLI
(FRƒ&
5DSLGHƒ& PLQ 
)RQFWLRQGHSHUVRQQDOLVDWLRQ UpJODJH
SDUGpIDXW3UpODYDJH 

/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHYDLVVHOOH 

P P

 P P
P P

 P P P P


,QGLFDWLRQVJpQpUDOHVGHPRQWDJHGHVODYHYDLVVHOOHGHFPGHODUJH VDQVSRUWHjFRXOLVVH

3RXUGHVKDXWHXUVGHQLFKH +DXWHXUSDQQHDXG
KDELOODJHPP
GHjPPGDQVODSOXSDUWGHV
FDVSUpYRLUXQODYHYDLVVHOOHGH +DXWHXUSDQQHDXG
KDELOODJHPP
FPGHKDXWLQGpSHQGDPPHQWGH +DXWHXUGHQLFKHHQPPए
ODKDXWHXUGXVRFOH            

ऍ+DXWHXUGXVRFOHHQPP
 n 6 n 6 n 6 n 6 n 6 s 6 s 6 s 6 s 6 s 6 s 6 s 6
3RXUGHVKDXWHXUVGHQLFKH  n n 6' n 6 n 6 n 6 s s 6 s 6 s 6 s 6 s 6 s 6
GHjPPGDQVODSOXSDUWGHV  n n n 6' n 6 n 6 n 6 s s s 6' s 6 s 6 s 6 s 6
FDVSUpYRLUXQODYHYDLVVHOOHGH  n n n n 6' n 6 n 6 s n 6 s s s 6' s 6 s 6 s 6
FPGHKDXWLQGpSHQGDPPHQWGH
 n n n n n 6' n 6 s n 6 s s s s 6' s 6 s 6
ODKDXWHXUGXVRFOH
 n n n n n n 6' s n 6 s s s s s 6' s 6
3RXUGHVKDXWHXUVGHQLFKHGHj  n n n n n ns n 6' s s s s s s 6'
PPF·HVWODKDXWHXUGHVRFOHTXL  n n n n n ns ns s s s s s
GpWHUPLQHOHFKRL[G·XQDSSDUHLOGH  n n n n n ns ns s s s s s
RXGHFPGHKDXW YRLUFLGHV  n n n n n ns s s s s s
VRXVODPDWULFHGHVFRUUHVSRQGDQFHV   n n n n n s s s s s
 n n n n s s s s
3RXUOHVODYHYDLVVHOOHDYHF7LPH/LJKW  n n n s s s
LOIDXWUpGXLUHODKDXWHXUPD[LPDOH
 n n s s
GXVRFOHGHPPSRXUXQHOHFWXUH
 n s
RSWLPDOHGHODSURMHFWLRQDXVROGX
WHPSVUHVWDQW
n ODYHYDLVVHOOHKDXWHXUFP')')')') 6  6ROXWLRQVSpFLDOH
s ODYHYDLVVHOOHKDXWHXUFP')')')') 6  6ROXWLRQVSpFLDOH
6  6ROXWLRQVSpFLDOHDYHFO·DFFHVVRLUH'$VXSSRUWGHSOLQWKHSRXUDOLJQHPHQWDYHFODSRUWH
'  6ROXWLRQVSpFLDOHDYHFXQpFDUWGHPPDYHFOHSODQGHWUDYDLOVpFXULWpHQIDQWQRQGLVSRQLEOH

Hauteur Hauteur Hauteur Hauteur


de du corps de la du plan de
l’appareil de l’appareil niche travail

Hauteur
de socle

3RVVLELOLWpG·LQVWDOODWLRQGHVODYHYDLVHOOHDYHFSRUWHG·KDELOODJHSOHLQYHUUH'$

0HXEOHEDV

+DXWHXUSDQQHDXG
KDELOODJHPP

+DXWHXUSDQQHDXG
KDELOODJHPP
/HVSRUWHVG·KDELOODJHSOHLQYHUUHQH
V·DGDSWHQWSDVVXUOHVPRGqOHVDYHF +DXWHXUGHQLFKHHQPPए
SRUWHjFRXOLVVH            
ऍ+DXWHXUGXVRFOHHQPP

 n s
/DSRUWHG·KDELOODJHSOHLQYHUUHVH  n n s s
UqJOHHQFRQWLQXVXUXQHKDXWHXUGH  n n n s s s
PP  n n n n s s s s
 n n n n n s s s s s
 n n n n n ns s s s s s
 n n n n n ns s s s s s
 n n n n n s s s s s
 n n n n s s s s
 n n n s s s
 n n s s
 n s



n /DYHYDLVVHOOHKDXWHXUFP')')SRUWHSOHLQYHUUH'$
s /DYHYDLVVHOOHKDXWHXUFP')')SRUWHSOHLQYHUUH'$
,QGLFDWLRQGHPRQWDJHFRPSOpPHQWDLUHSRXULQVWDOODWLRQHQFRORQQH /DYHYDLVVHOOH 

VDQVSRUWHjFRXOLVVH

+DXWHXUGH (SDLVVHXUGXSDQQHDX +DXWHXUGHODSOLQWKH PP


ODQLFKH PP G¶KDELOODJH PP
        
0HVXUHVSRXUO·LQVWDOODWLRQG·XQODYHYDLVVHOOHDX          
GHVVXVG·XQHIDoDGHGHSOLQWKHQRQLQFOLQpH         

        
/HWDEOHDXLQGLTXHO·HVSDFHQpFHVVDLUHHQWUHOD
         
IDoDGHGHODSRUWHGXODYHYDLVVHOOHHWODIDoDGH
        
GHSOLQWKH&HODGpSHQGGHODKDXWHXUGHOD
        
QLFKHODKDXWHXUGHODSOLQWKHHWO
pSDLVVHXUGX
SDQQHDXG
KDELOODJHHQFDVG
XWLOLVDWLRQG
XQ         
SDQQHDXG
KDELOODJHVWDQGDUGSRXUODYHYDLVVHOOH        
LQWpJUDEOHVRXVSODQ        
       
      
(SDLVVHXUGHODIDoDGH
GXPHXEOH       
3LYRWGHSRUWH
      
     
     
3RUWHGX          
ODYHYDLVVHOOH
        
        
         
(VSDFHQpFHVVDLUH         
PP         
        
+DXWHXU +DXWHXU
GHODQLFKH GHSOLQWKH
       
       
       
)DoDGHGHSOLQWKH
      
6RO       
      
/D]RQHGHSLYRWHPHQWGHODSRUWHGRLWrWUH      
DXPLQLPXPGHPP
     
     
    
    
    
   
   
+DXWHXUGH (SDLVVHXUGXSDQQHDX +DXWHXUGHODSOLQWKH PP
ODQLFKH PP G¶KDELOODJH PP
        
         
0HVXUHVSRXUO·LQVWDOODWLRQG·XQODYHYDLVVHOOH
DXGHVVXVG·XQHIDoDGHGHSOLQWKHLQFOLQpH         
         
/HWDEOHDXLQGLTXHO·HVSDFHQpFHVVDLUHHQWUHOD          
IDoDGHGHODSRUWHGXODYHYDLVVHOOHHWODIDoDGH         
GHSOLQWKH&HODGpSHQGGHODKDXWHXUGHOD         
QLFKHODKDXWHXUGHODSOLQWKHHWO
pSDLVVHXUGX         
SDQQHDXG
KDELOODJHHQFDVG
XWLOLVDWLRQG
XQ        
SDQQHDXG
KDELOODJHVWDQGDUGSRXUODYHYDLVVHOOH        
LQWpJUDEOHVRXVSODQ        
      
      
(SDLVVHXUGHODIDoDGH
GXPHXEOH
      
3LYRWGHSRUWH
     
     
         
3RUWHGX         
ODYHYDLVVHOOH
        
         
        
(VSDFHQpFHVVDLUH
        
ƒ
PP         
+DXWHXU +DXWHXU        
GHODQLFKH GHSOLQWKH        
       
)DoDGHGHSOLQWKH       
      
6RO
      
/D]RQHGHSLYRWHPHQWGHODSRUWHGRLWrWUH      
DXPLQLPXPGHPP      
     
    
    
    
   
   
,QGLFDWLRQVGHPRQWDJHSRXUODYHYDLVVHOOHSRUWHjFRXOLVVH

3RXUOHVKDXWHXUVGHQLFKHGH +DXWHXUSDQQHDXG
KDELOODJHPP
jPPGDQVODPDMRULWpGHVFDV
SUpYRLUXQODYHYDLVVHOOHKDXWHXU
FPLQGpSHQGDPPHQWGHOD +DXWHXUGHODQLFKHHQPPए
KDXWHXUGXVRFOH          

ऍ+DXWHXUGXVRFOHHQPP
3RXUOHVKDXWHXUVGHQLFKHGH
 n
jPPGDQVODPDMRULWpGHVFDV  n n
SUpYRLUXQODYHYDLVVHOOHKDXWHXU
FPLQGpSHQGDPPHQWGHOD
 n n n
KDXWHXUGXVRFOH  n n n n
3RXUGHVKDXWHXUVGHQLFKHGHj  n n n n n
PPF·HVWODKDXWHXUGXVRFOHTXL
GpWHUPLQHOHFKRL[G·XQODYHYDLVVHOOH
 n n n n n n
GHRXFPGHKDXW  n n n n n n n
 n n n n n n n n
 n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
/DQpFpVVLWpGHO·LQVWDOODWLRQG·XQ
ODYHYDLVVHOOHjSRUWHjFRXOLVVH
 n n n n n n n n n n
GpSHQGGHSOXVLHXUVIDFWHXUV  n n n n n n n n n n
/HVSRUWHVG
KDELOODJHSOHLQYHUUHQH
 n n n n n n n n n n
V
DGDSWHQWSDVDX[ODYHYDLVVHOOHDYHF  n n n n n n n n n n
SRUWHjFRXOLVVH
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n n
 n n n n n n n n n
 n n n n n n n n
 n n n n n n n
 n n n n n n
 n n n n n
 n n n n
 n n n
 n n
 n






n ODYHYDLVVHOOHKDXWHXUFPSRUWHjFRXOLVVH'))HW'))
s ODYHYDLVVHOOHKDXWHXUFPSRUWHjFRXOLVVH'))HW'))
(JDOHPHQWSRVVLEOHDYHFODYHYDLVVHOOHVDQVSRUWHjFRXOLVVH
/DYHYDLVVHOOH 

+DXWHXUSDQQHDXG
KDELOODJHPP

            

s
s s
s s s
s s s s
s s s s s
s s s s s s
s s s s s s s
s s s s s s s s
s s s s s s s s s
s s s s s s s s s s
ns s s s s s s s s s s
ns ns s s s s s s s s s s
ns ns ns s s s s s s s s s s
ns ns ns s s s s s s s s s s
ns ns ns s s s s s s s s s s
ns ns ns s s s s s s s s s s
ns ns ns s s s s s s s s s s
ns ns ns s s s s s s s s s s
n s ns ns s s s s s s s s s s
n s n s ns s s s s s s s s s s
n s n s n s s s s s s s s s s s
n s n s n s s s s s s s s s s s
n s n s n s s s s s s s s s s s
n n s n s s s s s s s s s s s
n n n s s s s s s s s s s s
n n n s s s s s s s s s s
n n n s s s s s s s s s
n n n s s s s s s s s
n n n s s s s s s s
n n n s s s s s s
n n n s s s s s
n n n s s s s
n n n s s s
n n s s
n s
,QGLFDWLRQVGHPRQWDJHFRPSOpPHQWDLUHVSRXULQVWDOODWLRQHQFRORQQHODYHYDLVVHOOHSRUWHjFRXOLVVH

+DXWHXUGHQLFKH (SDLVVHXUGXSDQQHDXG
KDELOODJH +DXWHXUGHODSOLQWKH PP
PP PP
,QVWDOODWLRQHQFRORQQHG·XQODYHYDLVVHOOH         
SRUWHjFRXOLVVHDXGHVVXVG·XQH           
IDoDGHGHSOLQWKHQRQLQFOLQpH          
         
/HWDEOHDXLQGLTXHO·HVSDFHQpFHVVDLUH          
HQWUHO·KDELOODJHGHSRUWHHWODIDoDGH         
GHODSOLQWKH
        
&HODGpSHQGGHODKDXWHXUGHODQLFKH
ODKDXWHXUGHODSOLQWKHHWO·pSDLVVHXU         
GXSDQQHDXG·KDELOODJHHQFDV        
G·XWLOLVDWLRQG·XQSDQQHDXG·KDELOODJH        
VWDQGDUGSRXUODYHYDLVVHOOHLQWpJUDEOH        
VRXVSODQ       
,QWpJUDWLRQG·XQODYHYDLVVHOOHSRUWH       
jFRXOLVVH
      
     
     
     
    
    
    
   
   
   
  
  
  
 
 
 


          
         
         
         
        
        
        
       
       
       
      
      
      
     
     
     
    
    
    
   
   
   
  
  
  
 
 
 


 


 


 


/DYHYDLVVHOOH 

               
         
         
         
          
          
          
           
           
           
            
            
            
             
             
             
              
              
              
               
               
               
               
               
               
               
               
               
               
               
               
         
         
         
          
          
          
           
           
           
            
            
            
             
             
             
              
              
              
               
               
               
               
               
               
               
               
               
               
               
               
              
              
              
             
             
             
            
            
            
,QGLFDWLRQVGHPRQWDJHFRPSOpPHQWDLUHVSRXULQVWDOODWLRQHQFRORQQHODYHYDLVVHOOHSRUWHjFRXOLVVH

+DXWHXUGHQLFKH (SDLVVHXUGXSDQQHDXG
KDELOODJH +DXWHXUGHODSOLQWKH PP
PP PP
,QVWDOODWLRQHQFRORQQHG·XQODYHYDLVVHOOH         
SRUWHjFRXOLVVHDXGHVVXVG·XQH           
IDoDGHGHSOLQWKHLQFOLQpH          
         
 HWDEOHDXLQGLTXHO·HVSDFHQpFHVVDLUH
/          
HQWUHO·KDELOODJHGHSRUWHHWODIDoDGH         
GHODSOLQWKH
        
&HODGpSHQGGHODKDXWHXUGHODQLFKH
ODKDXWHXUGHODSOLQWKHHWO·pSDLVVHXU         
GXSDQQHDXG·KDELOODJHHQFDV        
G·XWLOLVDWLRQG·XQSDQQHDXG·KDELOODJH        
VWDQGDUGSRXUODYHYDLVVHOOHLQWpJUDEOH        
VRXVSODQ       
,QWpJUDWLRQG·XQODYHYDLVVHOOHSRUWH       
jFRXOLVVH
      
     
     
     
    
    
    
   
   
   
  
  
  
 
 
 


          
         
         
         
        
        
        
       
       
       
      
      
      
     
     
     
    
    
    
   
   
   
  
  
  
 
 
 


 


 


 


/DYHYDLVVHOOH 

               
         
         
         
          
          
          
           
           
           
            
            
            
             
             
             
              
              
              
               
               
               
               
               
               
               
               
               
               
               
               
         
         
         
          
          
          
           
           
           
            
            
            
             
             
             
              
              
              
               
               
               
               
               
               
               
               
               
               
               
               
              
              
              
             
             
             
            
            
            
$FFHVVRLUHVODYHYDLVVHOOH

5pIpUHQFHV5pIpUHQFHVRQOLQH
'$ ࡱ
6\VWqPHGHSDQLHUVIOH[LEOHV /HV\VWqPHGHSDQLHUVIOH[LEOHVRIIUH %DUUHWWHVGHMRQFWLRQ ࡱ+7 
6\VWqPHGHSDQLHUVIOH[LEOHVDYHFUDLO SOXVGHIOH[LELOLWpHWXQHPHLOOHXUH HWGHILQLWLRQLQR[SRXUODYHYDLVVHOOH
SRXUFRXOLVVHPHQWVDQVHIIRUWVXUWRXV SUpKHQVLRQORUVGXUDQJHPHQWGHOD KDXWHXUFP
OHVQLYHDX[HWjIHUPHWXUH6RIWFORVH YDLVVHOOHGDQVOHVSDQLHUV EDUUHWWHVHQLQR[VHUYDQWjRFFXOWHU
SRXUSDQLHUVXSpULHXUHWLQIpULHXU O·HVSDFHHQWUHOHODYHYDLVVHOOHHWOH
F{WpGXPHXEOH
3DQLHUVXSpULHXU SLFRWVjDVVLHWWHVUDEDWWDEOHV 3HUPHWWHQWXQHPHLOOHXUHIL[DWLRQGH
pWDJqUHVUDEDWWDEOHVSRXUXQH O·DSSDUHLOGDQVODQLFKH
SURWHFWLRQRSWLPDOHGHVYHUUHV EDUUHWWHVSRXUF{WpGURLWHWJDXFKH
(QWLqUHPHQWH[WUDFWLEOHDYHF]RQHGH /HFDGUHEODQFHVWUHPSODFpSDUOHV
ODYDJHDGGLWLRQQHOOHHQRSWLRQUDLOV EDUUHWWHVHQLQR[
SRXUFRXOLVVHPHQWVDQVHIIRUWHWDYHF /[3HQFP[
IHUPHWXUH6RIWFORVH +DXWHXUFP
5DFNPDWLFVXUQLYHDX[UpJODEOHHQ '$ ࡱ
KDXWHXUMXVTX
jFP %DUUHWWHVGHMRQFWLRQ ࡱ+7 
3RLJQpHIDFLOLWDQWODSUpKHQVLRQGX HWGHILQLWLRQLQR[SRXUODYHYDLVVHOOH
SDQLHUVXSpULHXU KDXWHXUFP
EDUUHWWHVHQLQR[VHUYDQWjRFFXOWHU
O·HVSDFHHQWUHOHODYHYDLVVHOOHHWOH
F{WpGXPHXEOH
3HUPHWWHQWXQHPHLOOHXUHIL[DWLRQGH
O·DSSDUHLOGDQVODQLFKH
/HFDGUHEODQFHVWUHPSODFpSDUOHV
EDUUHWWHVHQLQR[
EDUUHWWHVSRXUF{WpGURLWHWJDXFKH
/[3HQFP[
+DXWHXUFP

'$ ࡱ
%DUUHWWHVGHMRQFWLRQ ࡱ+7 
HWGHILQLWLRQLQR[SRXUODYHYDLVVHOOH
KDXWHXUFPHWODUJHXUFP
3HUPHWWHQWGHUHFRXYULUO
HVSDFHHQWUH
O
DSSDUHLOHWOHOHPHXEOHDGMDFHQW
3HUPHWWHQWXQHPHLOOHXUHIL[DWLRQGH
O
DSSDUHLOGDQVODQLFKH
EDUUHWWHVSRXUF{WpGURLWHWJDXFKH
/HFDGUHEODQFHVWUHPSODFpSDUOHV
EDUUHWWHVHQLQR[
/[3HQFP[
3DQLHULQIpULHXU 6XSSRUWVjYHUUHGLYLVLEOHV +DXWHXUFP
SLFRWVjDVVLHWWHVUDEDWWDEOHV
pWDJqUHVUDEDWWDEOHVSRXUXQH
SURWHFWLRQRSWLPDOHGHVYHUUHV '$ ࡱ
3DQLHUjFRXYHUWV &KDUQLqUH ࡱ+7 
0RQWpVXUUDLOVTXLFRXOLVVHQWVDQV GHVXSSRUWGHSOLQWKHSRXUDOLJQHPHQW
HIIRUWHWjIHUPHWXUH6RIWFORVH DYHFODSRUWH
3RLJQpHIDFLOLWDQWODSUpKHQVLRQGX 3RXUWRXVOHVODYHYDLVVHOOH
SDQLHULQIpULHXU LQWpJUDWLRQWRWDOH
6ROXWLRQG·HQFDVWUHPHQWSRXU
KDXWHXUGHQLFKHMXVTX·jFP
/DFKDUQLqUHVHIL[HVXUOHVRFOHGH
O·DSSDUHLODYDQWOHPRQWDJHGHOD
SOLQWKHGXPHXEOH
+DXWHXUGHODSDUWLHKDXWHGHODSRUWH
GXPHXEOHVFLQGpH
FPSRXUDSSDUHLO
KDXWHXUFP
FPSRXUDSSDUHLO
KDXWHXUFP

'$ ࡱ
7LURLUjFRXYHUWV ࡱ+7
DYHFUDLOVSRXUFRXOLVVHPHQWIDFLOH
7URLVLqPHQLYHDXGHUDQJHPHQW
DXGHVVXVGXSDQLHUVXSpULHXU
&RQYLHQWSRXUOHVFRXYHUWVGHJUDQGH
WDLOOHOHVXVWHQVLOHVGHFXLVLQHRXOHV
WDVVHVjH[SUHVVR(OqYHODFDSDFLWpGX
ODYHYDLVVHOOHjFRXYHUWV

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
/DYHYDLVVHOOH 

5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
'$ ࡱ '$ ࡱ
7LURLUjFRXYHUWV ࡱ+7  3DQLHUHQDOXPLQLXP ࡱ+7 
7LURLUVXSOpPHQWDLUHHQLYHDX SRXUODSURWHFWLRQGHVFRXYHUWV
DXGHVVXVGXSDQLHUVXSpULHXU HQDUJHQWFRQWUHODFRUURVLRQ
,GpDOSRXUJUDQGVFRXYHUWVXVWHQVLOHV $SODFHUGLUHFWHPHQWGDQV
GHFXLVLQHHWWDVVHVH[SUHVVR OHSDQLHUjFRXYHUWV
&DSDFLWpFRXYHUWVVLXWLOLVDWLRQGHV /[+[3HQFP[[
QLYHDX[GHSDQLHUV

'$ ࡱ
6XSSRUWSRXUYHUUHV ࡱ+7 
jORQJSLHG
3HUPHWXQSRVLWLRQQHPHQWVpFXULVpGH
YHUUHVjORQJSLHGSHQGDQWOH
GpURXOHPHQWGXSURJUDPPHHWDVVXUH
XQUpVXOWDWGHODYDJHRSWLPDO
$SODFHUGDQVOHSDQLHULQIpULHXU

'$ ࡱ
3RUWHSOHLQYHUUH ࡱ+7
VXULQR[SRXUODYHYDLVVHOOHGHFP
UpJODEOHHQKDXWHXUMXVTX
jPP
'$ ࡱ KDXWHXUGHjFP
HWLURLU ࡱ+7  /[3HQFP[
DYHFUDLOVSRXUFRXOLVVHPHQWIDFLOH 3RLJQpH/[3[‘HQFP
3RXUODYHYDLVVHOOHKDXWHXUFP [[
7LURLUVXSSOpPHQWDLUHHQLYHDX '$ ࡱ
DXGHVVXVGXSDQLHUVXSpULHXU 3RUWHSOHLQYHUUH ࡱ+7
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV VXULQR[SRXUODYHYDLVVHOOHGHFP
XVWHQVLOHVGHFXLVVRQ UpJODEOHHQKDXWHXUMXVTX
jPP
(WDJqUHjFRXWHDX[PRELOH KDXWHXUGHjFP
/[3HQFP[
3RLJQpH/[3[‘HQFP
[[

*+ ࡱ
3RLJQpHYLV  ࡱ+7 
,QR[ORQJXHXUFP
,QWHUYDOOHGHSHUoDJHPP

*= ࡱ
5DOORQJH  ࡱ+7 
SRXU$TXD6WRS ORQJXHXUP SRXU
WRXVOHVODYHYDLVVHOOH

'$ ࡱ
HWLURLU ࡱ+7 
3RXUODYHYDLVVHOOHKDXWHXUFP
7LURLUVXSSOpPHQWDLUHHQLYHDXDXGHVVXV
GXSDQLHUVXSpULHXU
3RXUGHSHWLWVEROVGHVWDVVHVHWGHV
XVWHQVLOHVGHFXLVVRQ
(WDJqUHjFRXWHDX[PRELOH

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX
jWLWUHLQGLFDWLI
/DYHYDLVVHOOH

7\SHG
DSSDUHLO /DYHYDLVVHOOH /DYHYDLVVHOOH /DYHYDLVVHOOH
$SSDUHLO 7RXWLQWpJUDEOH 7RXWLQWpJUDEOH 7RXWLQWpJUDEOH
&RXOHXU
+DXWHXUDSSDUHLOFP ') ')
+DXWHXUDSSDUHLOFP ') ')
+DXWHXUDSSDUHLOFPDYHFSRUWHjFRXOLVVH '))
+DXWHXUDSSDUHLOFPDYHFSRUWHjFRXOLVVH '))
/DUJHXU&DSDFLWp
/DUJHXU FP   
1RPEUHGHFRXYHUWV ó ó ó
7DLOOHGHVDVVLHWWHVMXVTX
j FP ñò ñò ñò
&RQVRPPDWLRQ1LYHDXVRQRUH࠿
&ODVVHG
HZFDFLWppQHUJpWLTXHࡈ & & &
&ODVVHG
HZFDFLWpGHVpFKDJH $ $ $
3URJUDPPHWHVW (FRƒ& (FRƒ& (FRƒ&
'XUpHGXSURJUDPPHࡉ KPLQ   
&RQVRPPDWLRQG
HDXࡊ O   
&RQVRPPDWLRQG
pQHUJLHࡋ N:K   
&RQVRPPDWLRQDQQXHOOHG
pQHUJLH F\FOHV  N:K   
&RQVRPPDWLRQDQQXHOOHG
HDX F\FOHV  O   
1LYHDXVRQRUH G% $ UHS:   
&RQVRPPDWLRQG
pQHUJLHHQDUUrWYHLOOH :   
'XUpHGXPRGHYHLOOH PLQ   
3URJUDPPHV
1RPEUHGHSURJUDPPHVRSWLRQV   
3URJUDPPHV $XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ&
$XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ&
$XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ&
,QWHQVLIƒ& ,QWHQVLIƒ&
(FRƒ& (FRƒ& (FRƒ&
3URJUDPPHQXLW 3URJUDPPHQXLW
5DSLGHƒ& 5DSLGHƒ& 5DSLGHƒ&
3HUVRQQDOLVDWLRQGHVIRQF 3HUVRQQDOLVDWLRQGHVIRQF 3HUVRQQDOLVDWLRQGHVIRQF
WLRQV 3UpODYDJHSDUGpIDXW WLRQV 3UpODYDJHSDUGpIDXW WLRQV 3UpODYDJHSDUGpIDXW
2SWLRQV ,QWHQVLI ,QWHQVLI ,QWHQVLI
3RZHU PLQ 3RZHU PLQ 3RZHU PLQ
'HPLFKDUJH 'HPLFKDUJH 'HPLFKDUJH
+\JLqQH +\JLqQH

(QWUHWLHQGHO
DSSDUHLO ‡ ‡ ‡
&DUDFWpULVWLTXHV
3URWHFWLRQGHVYHUUHVDYHF=pROLWH3URWHFWLRQGHVYHUUHV ‡² ‡² ‡²
$TXDVHQVRU6HQVRUGHFKDUJH ‡‡ ‡‡ ‡‡
'pWHFWLRQDXWRPDWLTXHGHVGpWHUJHQWV ‡ ‡ ‡
5HFRQQDLVVDQFHGHVGpWHUJHQWV ‡ ‡ ‡
5pJpQpUDWLRQpOHFWURQLTXH ‡ ‡ ‡
(FKDQJHXUWKHUPLTXH ‡ ‡ ‡
6pFKDJHEDVVHWHPSpUDWXUHDYHF=pROLWH ‡ ‡ ‡
2XYHUWXUHDXWRPDWLTXHGHODSRUWH ‡ ‡ ‡
&KDXWHHDXVRXVODFXYH ‡ ‡ ‡
,QGLFDWHXUpOHFWURQLTXHGXPDQTXHGHVHOOLTXLGHGHULQoDJH ‡‡ ‡‡ ‡‡
,QGLFDWHXUGHO
DUULYpG
HDX ‡ ‡ ‡
$ZFKDJHGXWHPSVUHVWDQW ‡ ‡ ‡
7LPHOLJKWSURMHFWLRQDXVROGXWHPSVUHVWDQW ‡ ² ‡
,QIR/LJKWODWpUDO,QIR/LJKW ²² ‡² ²²
5pGXFWLRQYH[LEOHGXWHPSVGXF\FOH ‡ ‡ ‡
(FODLUDJHRSWLPDOSDQQHDXDUULqUHVSRWV/(' ‡² ‡² ²‡
'pSDUWGLWpUp K K K
6HUYLFH'LJLWDO +RPH&RQQHFW YLD:L)L ‡ ‡ ‡
6\VWqPHGHIHUPHWXUHGRXFH ‡ ‡ ‡
7ULSOHV\VWqPHGH=OWUDJH ‡ ‡ ‡
7LURLUjFRXYHUWV '$ '$ '$
qPHSDQLHU '$ '$ '$
6\VWqPHGHUDLOVFRXOLVVDQWVIHUPHWXUHDPRUWL ‡‡ ‡‡ ‡²
3LFRWVUDEDWDEOHVGDQVSDQLHUVXSpULHXUSDQLHULQIpULHXU   
(WDJqUHVUDEDWDEOHVGDQVSDQLHUVXSpULHXUSDQLHULQIpULHXU   
5DFNPDWLFVXUQLYHDX[ ‡ ‡ ‡
$TXDVWRS ‡ ‡ ‡
'LWXVHXUPXOWLMHWV*DVWUR1RUP6XSSRUWSRXUYHUUHVjORQJVSLHGV ‡‡‡ ‡‡‡ ‡²²
5DFFRUGHPHQW
5DFFRUGSRVVLEOHHDXFKDXGHHDXIURLGH ‡‡ ‡‡ ‡‡
3XLVVDQFHWRWDOH N:   

‡(TXLSHPHQWGHVpULH²1RQGLVSRQLEOH
ñ$SSDUHLOKDXWHXUFPò$SSDUHLOKDXWHXUFPó$YHFDFFHVVRLUHVSpFLDO'$ࡆ$YHFDFFHVVRLUHVSpFLDO'$
ࡇ9DOHXUVFDOFXOpHVVHORQODQRUPH(8ࡈ3RXUXQHFODVVHG
HIILFFDFLWppQHUJpWLTXHGH$j*ࡉ'XUpHGXSURJUDPPH(FR  
ࡊ&RQVRPPDWLRQG
HDXHQOLWUHHQIRQFWLRQGXF\FOH SURJUDPPH(FR ࡋ&RQVRPPDWLRQG
pQHJLHHQN:KF\FOHV SURJUDPPH(FR     

/D&RQVRPPDWLRQUpHOOHGpSHQGGXW\SHG
DSSDUHLO

$FFHVVRLUHVSpFLDO/DFRQQHFWLRQ+RPH&RQQHFWQ
HVWSDVGLVSRQLEOHGDQVWRXVOHVSD\V
/DYHYDLVVHOOH 

/DYHYDLVVHOOH /DYHYDLVVHOOH /DYHYDLVVHOOH /DYHYDLVVHOOH


7RXWLQWpJUDEOH 7RXWLQWpJUDEOH 7RXWLQWpJUDEOH 7RXWLQWpJUDEOH

') ') ')


') ')
'))
'))

   
ó ࡆ ࡆ 
ñò ñò ñò 

& & ' &


$ $ $ $
(FRƒ& (FRƒ& (FRƒ& (FRƒ&
   
   
   
   
   
   
   
   

   


$XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ&
$XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ&
$XWRƒ&ƒ& $XWRƒ&ƒ& $XWRƒ&ƒ&
,QWHQVLIƒ&
(FRƒ& (FRƒ& (FRƒ& (FRƒ&

5DSLGHƒ& 5DSLGHƒ& 5DSLGHƒ& 5DSLGHƒ&


3HUVRQQDOLVDWLRQGHVIRQF 3HUVRQQDOLVDWLRQGHVIRQF 3HUVRQQDOLVDWLRQGHVIRQF 3HUVRQQDOLVDWLRQGHVIRQF
WLRQV 3UpODYDJHSDUGpIDXW WLRQV 3UpODYDJHSDUGpIDXW WLRQV 3UpODYDJHSDUGpIDXW WLRQV 3UpODYDJHSDUGpIDXW
,QWHQVLI ,QWHQVLI ,QWHQVLI
3RZHU PLQ 3RZHU PLQ 3RZHU PLQ 3RZHU PLQ
'HPLFKDUJH 'HPLFKDUJH

([WUD'U\
‡ ‡ ² ‡

‡² ‡² ²‡ ‡²


‡‡ ‡‡ ‡‡ ‡‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡ ‡ ² ‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡‡ ‡‡ ‡‡ ‡‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
² ‡ ² ‡
‡² ²² ²‡ ²²
‡ ‡ ‡ ‡
²‡ ²‡ ²‡ ²‡
K K K K
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
'$ '$ '$ ‡
'$ '$ '$ ²
‡² ²² ²² ²²
   
   
‡ ‡ ‡ ‡
‡ ‡ ‡ ‡
‡²² ‡²² ‡²² ‡²²

‡‡ ‡‡ ‡‡ ‡‡


   
/DYHOLQJH 2SWLRQV'pPDUUDJHjGLVWDQFH
:0  ,QWHQVLYH3OXV6SHHG3HUIHFW5LQoDJH
3OXV5HSDVVDJHIDFLOH$UUrWFXYH
² 6\VWqPHGHGRVDJHLQWHOOLJHQW SOHLQH:DWHU3OXV/DYDJHVLOHQFLHX[
L'RVSRXUGpWHUJHQWOLTXLGH 3UpODYDJH$QWLWkFKHV
HWDGRXFLVVDQWSRXUXQUpVXOWDW
GHODYDJHSDUIDLW &DUDFWpULVWLTXHV
² 7DPERXUNJDYHFpFODLUDJH 6\VWqPHGHGRVDJHLQWHOOLJHQWL'RV
LQWpULHXU SRXUOHGRVDJHHQWLqUHPHQWDXWRPDWLTXH
7,7 ² )RQFWLRQ5DMRXWGHOLQJH GXGpWHUJHQWOLTXLGHHWGHO
DGRXFLVVDQW
² '\QDPLF:DVK6\VWHPWHFKQRORJLH &DSDFLWpYDULDEOHDXWRPDWLTXHGHj
GHODYDJHLQQRYDQWHSRXUGHV NJ
SHUIRUPDQFHVGHQHWWR\DJHDFFUXHV (FODLUDJHLQWpULHXUGXWDPERXU
² 6HFRPELQHSDUIDLWHPHQWDYHFOH 7LURLUDYHFFRPSDUWLPHQWSRXU
:0    ࡱ VqFKHOLQJH:7 GpWHUJHQWDYHFQHWWR\DJHDXWRPDWLTXH
3RVDEOHHQFDVWUDEOH  ࡱ+7 DSUqVFKDTXHF\FOHGHODYDJH
VRXVSODQRXVXSHUSRVDEOH %DQGHDXGHFRPPDQGH 7DPERXUHQLQR[DYHFVWUXFWXUHHQ
+RPH&RQQHFW 3URJUDPPHVDXWRPDWLTXHVUpVXOWDWV IRUPHGHJRXWWHG
HDX
/DUJHXUFP GHODYDJHSDUIDLWVVXUVLPSOHSUHVVLRQ 7HFKQRORJLHGHPRWHXU%/'&
+DXWHXUFP G
XQERXWRQ LQQRYDQWHSRXUSOXVGHSHUIRUPDQFHV
%RXWRQGHFRPPDQGHURWDWLIpFODLUp XQHSOXVJUDQGHGXUDELOLWpDLQVLTXH
DYHFLQWHUUXSWHXUPDUFKHDUUrWLQWpJUp PRLQVGHFRQVRPPDWLRQG
pQHUJLHHW
5pJODJHVSDUWRXFKHVVHQVLWLYHV GHEUXLW
1RXYHDXWpVXUOHVODYHOLQJH (FUDQW7)7DYHFDIILFKDJHWH[WHFODLUHW 
O·LQGLFHGHUpSDUDELOLWp V\PEROHV &RQVRPPDWLRQV
 3HVpHpOHFWURQLTXHSHQGDQWOH &ODVVHG
HIILFDFLWppQHUJpWLTXH&VXU
$ILQGHVHFRQIRUPHUjODORLGX FKDUJHPHQWDYHFLQGLFDWLRQGHGRVDJH XQHpFKHOOHGH$j*
IpYULHUUHODWLYHjODOXWWH GHSURGXLWOHVVLYLHO &RQVRPPDWLRQG
HDXO
FRQWUHOHJDVSLOODJHHWj $IILFKDJHGXGpURXOHPHQWGX &RQVRPPDWLRQpQHUJpWLTXHN:K
O·pFRQRPLHFLUFXODLUH*DJJHQDX SURJUDPPHHWGXWHPSVUHVWDQW SRXUF\FOHV
LQGLTXHGpVRUPDLVVXUVHVODYHOLQJH 'pSDUWGLIIpUpMXVTX
jKHXUHV 
QRQVpFKDQWVXQLQGLFHGH 'LIIpUHQWVVLJQDX[VRQRUHV &RQVHLOVG
LQVWDOODWLRQ
UpSDUDELOLWp,OV·DJLWG·XQHQRWH &KDUQLqUHVJDXFKH
GHjDWWULEXpHjFKDTXH &DUDFWpULVWLTXHVWHFKQLTXHV *UDQGKXEORWDYHFXQHRXYHUWXUHjƒ
DSSDUHLOSRXULQGLTXHUVRQQLYHDX $TXD6HQVRUŠRSWLPLVHOHV 3LHGVUpJODEOHVHQKDXWHXU
GHUpSDUDELOLWp&HWWHLQIRUPDWLRQ FRQVRPPDWLRQVVHORQOHGHJUpGH ,QVWDOODWLRQVRXVSODQGHWUDYDLO
GRLWrWUHFRPPXQLTXpHj VDOLVVXUH SRVVLEOHFP
FRPSWHUGXHUMDQYLHU $TXDVWRS 3RVVLELOLWpG
LQVWDOODWLRQHQFRORQQH
SRXUFDWpJRULHVGHSURGXLWV 'pELPqWUH VRXVOHVqFKHOLQJH:7DYHF
VPDUWSKRQHVRUGLQDWHXUV 6\VWqPHDQWLWDFKHV O
DFFHVVRLUHVSpFLDOFRUUHVSRQGDQW
WpOpYLVHXUVWRQGHXVHVHWODYHOLQJH &DSWHXUGHFKDUJH := DYHFSODWHDXFRXOLVVDQW
jFKDUJHPHQWIURQWDO 'pWHFWLRQPRXVVH pJDOHPHQWVRXVODUpI6$9 
/·LQGLFHHVWFDOFXOpVXUODEDVHGH 9LWHVVHG
HVVRUDJHGHjWPQ RXVDQVSODWHDXFRXOLVVDQWXQLTXHPHQW
FULWqUHVSULQFLSDX[HX[PrPHV )RQFWLRQ5DMRXWGHOLQJH VRXVODUpI6$9
GLYLVpVHQVRXVFULWqUHV 7HFKQRORJLH'\QDPLF:DVK6\VWHP
SRXUGHVSHUIRUPDQFHVGHQHWWR\DJH 9DOHXUVGHUDFFRUGHPHQW
² ODGLVSRQLELOLWpGHOD DFFUXHV 3XLVVDQFHDEVRUEpHN:
GRFXPHQWDWLRQWHFKQLTXHDXSUqV 'pWHFWLRQDQWLEDORXUGVWDELOLVDWLRQ &kEOHGHUDFFRUGHPHQWPDYHF
GHVUpSDUDWHXUVHWGHV DXWRPDWLTXH SULVH
FRQVRPPDWHXUV 6\VWqPHDQWLIURLVVDJHGXOLQJH &RQQH[LRQjO
HDX
² ODIDFLOLWpGHGpPRQWDJHOHVRXWLOV 6pFXULWpHQIDQWV
QpFHVVDLUHVHWOHVFDUDFWpULVWLTXHV
GHIL[DWLRQ 0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
² ODGXUpHGHGLVSRQLELOLWpGHVSLqFHV PRGH'LJLWDO +RPH&RQQHFW 
GpWDFKpHV&HOOHFLHVW /DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
GpVRUPDLVGHDQVSRXUOH &RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
ODYHOLQJH*DJJHQDXQRQVpFKDQW GHVVHUYLFHV+RPH&RQQHFWGDQVOH
DYHFSURJUDPPH(FR SD\VUHVSHFWLI/HVVHUYLFHV+RPH
² OHUDWLRGXSUL[GHVSLqFHV &RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
GpWDFKpHVWRPEDQWOHSOXVHQ WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
SDQQHSDUUDSSRUWDXSUL[WRWDOGH ZZZKRPHFRQQHFWFRP
O·DSSDUHLOQHXI
² GHVFULWqUHVVSpFLILTXHVDX 3URJUDPPHV
ODYHOLQJHFRPPHSDUH[HPSOHXQ (FR
FRPSWHXUG·XVDJHO·DVVLVWDQFHj &RWRQ
PHVXUHVHQPP
GLVWDQFHHWODPLVHjMRXUORJLFLHOOH &RWRQFRXOHXUV
6\QWKpWLTXHV
&RQWDFWH]QRWUHVHUYLFHDSUqVYHQWH 5DSLGH0L[WH
SRXUSOXVG·LQIRUPDWLRQVGDQVOD 'pOLFDW6RLH
UXEULTXH6HUYLFHVRXUHQGH]YRXV $XWRPDWLTXHGpOLFDW
VXUQRWUHERXWLTXHHQOLJQHSRXUOHV 6SRUW
DFFHVVRLUHVHWSLqFHVGpWDFKpHV 6XSHU
/DLQH
&RXOHXUVIRQFpHV
$XWRPDWLTXH
0pPRLUH
3URJUDPPHVVXSSOpPHQWDLUHV
FKHPLVHV$OOHUJ\3OXVQHWWR\DJHGX
WDPERXUULQoDJHVLPSOHHVVRUDJH
YLGDQJH

 PHVXUHVHQPP
 /HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH

/DYHOLQJHHW6qFKHOLQJH 

6qFKHOLQJHSRPSHjFKDOHXU &RQVRPPDWLRQV
:7  &ODVVHG
HIILFDFLWppQHUJpWLTXH$
SRXUXQHFODVVLILFDWLRQGH$j'
² 7HFKQRORJLHSRPSHjFKDOHXU
² &RQGHQVHXUDXWRQHWWR\DQWSRXU &RQVHLOVG
LQVWDOODWLRQ
pOLPLQDWLRQDXWRPDWLTXHGHV &KDUQLqUHVjGURLWHUpYHUVLEOH
SHOXFKHV *UDQGKXEORWDYHFXQHRXYHUWXUHj
² 6pFKDJHXOWUDVLOHQFLHX[G% ƒ
² 6WHDP5HIUHVKUDIUDvFKLWHW 3LHGVUpJODEOHVHQKDXWHXU
GpIURLVVHOHOLQJHGpMjVHF (QFDVWUDEOHVRXVOHSODQGHWUDYDLO
² 6PDUW'U\VpOHFWLRQQHDXWRPDWLTXH KDXWHXUFP
PHQWOHSURJUDPPHGHVpFKDJHHQ 6HFRPELQHSDUIDLWHPHQWDYHFOH
VHUpIpUDQWDXGHUQLHUSURJUDPPH ODYHOLQJH:0
GHODYDJH 3RVVLELOLWpG
LQVWDOODWLRQHQFRORQQH
:7    ࡱ ² 6HFRPELQHSDUIDLWHPHQWDYHFOH DXGHVVXVGXODYHOLQJH:0
3RVDEOHHQFDVWUDEOH  ࡱ+7 ODYHOLQJH:0 DYHFO
DFFHVVRLUHVSpFLDOFRUUHVSRQ
VRXVSODQRXVXSHUSRVDEOH GDQW:= DYHFSODWHDX
+RPH&RQQHFW %DQGHDXGHFRPPDQGH FRXOLVVDQWpJDOHPHQWVRXVODUpI6$9
/DUJHXUFP %RXWRQGHFRPPDQGHURWDWLIpFODLUp  RXVDQVSODWHDXFRXOLVVDQW
+DXWHXUFP DYHFLQWHUUXSWHXUPDUFKHDUUrWLQWpJUp XQLTXHPHQWVRXVODUpI6$9
5pJODJHVSDUWRXFKHVVHQVLWLYHV 
/HSUL[FRPSUHQG (FUDQW7)7DYHFDIILFKDJHWH[WHFODLUHW
SDQLHUSRXUOHVODLQDJHV V\PEROHV 9DOHXUVGHUDFFRUGHPHQW
 $IILFKDJHGXGpURXOHPHQWGX 3XLVVDQFHDEVRUEpHN:
$FFHVVRLUHHQRSWLRQ SURJUDPPHHWGXWHPSVUHVWDQW &kEOHGHUDFFRUGHPHQWPDYHF
:$  ࡱ 'pSDUWGLIIpUpMXVTX
jKHXUHV SULVH
.LWG
LQVWDOODWLRQHQ  ࡱ+7 'LIIpUHQWVVLJQDX[VRQRUHV
FRORQQHDYHFSODWHDXFRXOLVVDQW
&DUDFWpULVWLTXHVWHFKQLTXHV
3URJUDPPHVGHFRQWU{OHGHO
KXPLGLWp
HWGHODGXUpH
7HFKQRORJLHSRPSHjFKDOHXU
1HWWR\DJHDXWRPDWLTXHGXFRQGHQVHXU
)RQFWLRQ'pIURLVVHUVDQVF\FOHGH
ODYDJH
&\FOHDQWLIURLVVDJHHQILQGH
SURJUDPPH
)RQFWLRQUDMRXWGHOLQJH
6pFXULWpHQIDQWV

0RGXOH:,),LQWpJUpSRXUOHVVHUYLFHV
PRGH'LJLWDO +RPH&RQQHFW 
/DGLVSRQLELOLWpGHODIRQFWLRQ+RPH
&RQQHFWGpSHQGGHODIRQFWLRQQDOLWp
GHVVHUYLFHV+RPH&RQQHFWGDQVOH
PHVXUHVHQPP
SD\VUHVSHFWLI/HVVHUYLFHV+RPH
&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQV
WRXVOHVSD\V3OXVG
LQIRUPDWLRQVVXU
ZZZKRPHFRQQHFWFRP

3URJUDPPHV
&RWRQ
6\QWKpWLTXHV
7H[WLOHVPL[WHV
&KHPLVHV
0LQXWHULHDLUFKDXG
/DLQHGDQVSDQLHU
+\JLqQH
6XSHU
6HUYLHWWHV
'pIURLVVHUOHVFRVWXPHV
'pIURLVVHUFKHPLVH
'pIURLVVHUFKHPLVHV
3URJUDPPHVVXSSOpPHQWDLUHV6PDUW
'U\ VpFKDJHFRQQHFWp &RXYHUWXUHV
/LQJHULH6\QWKpWLTXHV'XYHWV
)LQLWLRQ/DLQH
2SWLRQV'pPDUUDJHjGLVWDQFH
'pIRXODJHDQWLIURLVVDJH5HSDVVDJH
IDFLOH'HJUpGHVpFKDJH$MXVWHPHQW
GHJUpGHVpFKDJH9LWHVVHG
HVVRUDJH
6pFKDJHGpOLFDW)RQFWLRQPpPRLUH

&DUDFWpULVWLTXHV
7DPERXUDYHFVWUXFWXUHHQQLG
G
DEHLOOH
6pFKDJHGHODODLQHVDQVTX
HOOHQH
UpWUpFLVVHQLV
HPPrOHJUkFHDXSDQLHU
GHVpFKDJHLQFOXV
&DSDFLWpYDULDEOHDXWRPDWLTXHGH
jNJ
(FODLUDJHLQWpULHXUGXWDPERXU
PHVXUHVHQPP
/HVSUL[GHVSURGXLWVV·HQWHQGHQWKRUV(FRSDUWLFLSDWLRQFISDJH
/DYHOLQJH

7\SHG
DSSDUHLO /DYHOLQJH
:0
&RXOHXU %ODQF
'LPHQVLRQV
/DUJHXU FP 
'LPHQVLRQGHO
DSSDUHLO/[+[3 PP [[
+DXWHXUGHO
DSSDUHLOSRXUXQHLQVWDOODWLRQVRXVSODQ PP 
&KDUQLqUH$QJOHG
RXYHUWXUHGXKXEORW *DXFKHƒ
&DSDFLWp NJ 
'RQQpVFRQVRPPDWLRQV1LYHDXVRQRUH
&ODVVHG
HZFDFLWppQHUJpWLTXHñ &
&ODVVHG
HZFDFLWpG
HVVRUDJH $
&RQVRPPDWLRQDQQXHOOHG
HVVRUDJH F\FOHV ò N:K 
&RQVRPPDWLRQG
HDXSURJUDPPHWHVWó O 
&RQVRPPDWLRQG
pQHUJLHDSSDUHLOpWHLQWYHLOOH : 
3URJUDPPHWHVW (FR
9LWHVVHG
HVVRUDJHSURJUDPPHWHVWࡆ USP 
'XUpHGXF\FOHSURJUDPPHFKDUJHFRPSOqWHGHPLFKDUJHࡇ PLQ 
1LYHDXVRQRUHODYDJHSURJUDPPHWHVWHVVRUDJH G% 
3URJUDPPHV
3URJUDPPHVGHODYDJH (FR
&RWRQ
&RWRQFRXOHXUV
5DSLGH0L[WH
'pOLFDW6RLH
/DLQH
(QWUHWLHQIDFLOH
6XSHU
6SRUWV
&RXOHXUVIRQFpHV
$XWRPDWLTXH
$XWRPDWLTXHGpOLFDW
3URJUDPPHVDGGLWLRQQHOV 0pPRLUH
2SWLRQV (VVRUDJH(QWUHWLHQIDFLOHSOXV&KHPLVH+\JLqQH1HWWR\DJHGXWDPERXU9LGDQJH
(FR3HUIHFW
L'RV
L'RV
6SHHG3HUIHFW
5LQoDJHSOXV5HSDVVDJHIDFLOH$UUrWFXYHSOHLQH:DWHUSOXV3UpODYDJH$QWLWkFKHV
DXWRPDWLTXH
7HPSpUDWXUHGHODYDJH ƒ& )URLG
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXH ‡
(FUDQ7)7DYHFDZFKDJHWH[WHFODLUHWV\PEROHV ‡
9R\DQWGHFKDUJHGXOLQJH ‡
6\VWqPHLQWHOOLJHQWGHGRVDJH ‡
,QGLFDWHXUGHGpURXOHPHQWGXSURJUDPPH ‡
$ZFKDJHGXWHPSVUHVWDQW ‡
'pSDUWGLWpUp K 
)RQFWLRQ5DMRXWGHOLQJH ‡
,QGLFDWHXUGH=QGHSURJUDPPH /XPLQHX[VRQRUH
$TXDVHQVRU&DSWHXUGHGpELW ‡‡
'pELPqWUH6WDELOLVDWLRQDXWRPDWLTXH ‡‡
$TXDVWRS ‡
6\VWqPHDQWLIURLVVDJHGXOLQJH ‡
6pFXULWpHQIDQW ‡
1RPEUHGHEDFVjSURGXLWSRXUV\VWqPHL'RV 
%DFVjSURGXLWDXWRQHWWR\DQW ‡
*UDQGWDPERXUDYHFV\VWqPH9DULRVRIW ‡
(FODLUDJHLQWpULHXU ‡
0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHVPRGHGLJLWDO +RPH&RQQHFW ࡈ 
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N: 
/RQJXHXUGXFkEOHGHFRQQH[LRQ FP 
/RQJXHXUGXWX\DXG
DUULYpHG
HDX FP 
/RQJXHXUGXWX\DXG
pYDFXDWLRQG
HDX FP 
+DXWHXUGHYLGDQJHPD[LPXP FP 

‡(TXLSHPHQWGHVpULH
ñ3RXUXQHFODVVHG
HIILFDFLWppQHUJpWLTXHVXUXQHpFKHOOHGH$j*
ò&RQVRPPDWLRQpQHUJpWLTXHHQN:KF\FOHV SURJUDPPH(FR
ó&RQVRPPDWLRQG
HDXHQOLWUHVF\FOHGHIRQFWLRQQHPHQW SURJUDPPH(FR
ࡆ/DYDOHXULQGLTXpHHVWDUURQGLH
ࡇ'XUpHGXSURJUDPPH(FR
ࡈ'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
9DOHXUVFDOFXOpHVVHORQODQRUPH(8
6qFKHOLQJHSRPSHjFKDOHXU /DYHOLQJHHW6qFKHOLQJH 

7\SHG
DSSDUHLO 6qFKHOLQJH
:7
&RXOHXU %ODQF
'LPHQVLRQV
/DUJHXU FP 
'LPHQVLRQVGHO
DSSDUHLO/[+[3 PP [[
+DXWHXUGHO
DSSDUHLOSRXUXQHLQVWDOODWLRQVRXVSODQ PP 
&KDUQLqUH 'URLWHUpYHUVLEOH
$QJOHG
RXYHUWXUHGXKXEORW ƒ ƒ
&DSDFLWp NJ 
'RQQpVFRQVRPPDWLRQV1LYHDXVRQRUH
&ODVVHG
HZFDFLWppQHUJpWLTXH $
&RQVRPPDWLRQDQQXHOOH F\FOHV ñ N:K 
3URJUDPPHWHVW &RWRQSUrWjUDQJHU
1LYHDXVRQRUH G% 
3URJUDPPHV
3URJUDPPHV &RWRQ
(QWUHWLHQIDFLOH
0L[WH
&KHPLVHV
/DLQHGDQVSDQLHU
+\JLqQH
3URJUDPPHFKDXG
6HUYLHWWHV
6XSHU
&RVWXPHV
&KHPLVHVEORXVHV
&KHPLVHEORXVH
6PDUW'U\ VpFKDJHFRQQHFWp
2SWLRQV 0pPRLUHHW
'HJUpGHVpFKDJH'pPDUUDJHjGLVWDQFH5HSDVVDJHIDFLOH$MXVWHPHQWGHJUpGH
VpFKDJH9LWHVVHG
HVVRUDJH6pFKDJHGpOLFDW
&DUDFWpULVWLTXHV
&RQWU{OHpOHFWURQLTXH ‡
(FUDQ7)7DYHFDZFKDJHWH[WHFODLUHWV\PEROHV ‡
,QGLFDWHXUGXGpURXOHPHQWGXSURJUDPPH ‡
$ZFKDJHGXWHPSVUHVWDQW ‡
'pSDUWGLWpUp K 
,QGLFDWHXUGH=QGHSURJUDPPH 'LVSOD\VRQRUH
)RQFWLRQ5DMRXWGHOLQJH ‡
7HFKQRORJLH3RPSHjFKDOHXUñ ‡
5DIUDvFKLU ‡
1HWWR\DJHDXWRPDWLTXHGXFRQGHQVHXU ‡
6\VWqPHDQWLIURLVVDJHGXOLQJHjOD=QGXSURJUDPPH ‡
6pFXULWpHQIDQW ‡
7DPERXUHQLQR[DYHFVWUXFWXUHHQQLGG
DEHLOOH ‡
+XEORWHQYHUUH ‡
(FODLUDJHLQWpULHXU ‡
0RGXOH:L)LLQWpJUpSRXUOHVVHUYLFHVHQPRGHGLJLWDO +RPH&RQQHFW ò 
5DFFRUGHPHQW
3XLVVDQFHWRWDOH N: 
/RQJXHXUGXFkEOHGHFRQQH[LRQ FP 
+DXWHXUGHYLGDQJHPD[LPXP FP 

‡6WDQGDUG
ñ&RQVRPPDWLRQHIIHFWLYHVXLYDQWOHW\SHG
XWLOLVDWLRQGHO
DSSDUHLO
/DSRPSHjFKDOHXUGXVqFKHOLQJHFRQWLHQWGXJD]jHIIHWGHVHUUHGDQVXQFRQWHQDQWKHUPpWLTXHPHQWVFHOOp TXDQWLWpGHO
DJHQWUHIURLGLVVDQWNJ 
ò'pSHQGGHODGLVSRQLELOLWpGHVVHUYLFHV+RPH&RQQHFWGDQVFKDTXHSD\V
397

Accessoires / Label énergétique / Home Connect

Système Gastro Norm 398


Poignées pour meubles 399
Label énergétique 400
Home Connect 404

Accessoires
/HV\VWqPH*DVWUR1RUP*DJJHQDX /HVDFFHVVRLUHVGXV\VWqPH*DVWUR1RUP
/HV\VWqPH*DVWUR1RUPIDLWSDUWLHGHVXVWHQVLOHVGHEDVHGHODFXLVLQH /HVDFFHVVRLUHVGXV\VWqPH*DVWUR1RUP*DJJHQDXVRQWXWLOLVDEOHVGDQVGLIIpUHQWV
SURIHVVLRQQHOOH,OSHUPHWXQGpURXOHPHQWRSWLPDOHWXQHRUJDQLVDWLRQ DSSDUHLOV*DJJHQDX
HIILFDFHGXWUDYDLOHQFXLVLQH/HVSODWVVRQWSUpSDUpVFXLVLQpVWHQXVDXFKDXG
FRQVHUYpVDXIUDLVRXPrPHUpJpQpUpVGDQVGHVUpFLSLHQWVGHWDLOOHVWDQGDUG 5pFLSLHQWV*DVWUR1RUP
&HVUpFLSLHQWVVRQWFRPSDWLEOHVDYHFQRVDSSDUHLOVGHIURLG9DULR6pULH *1
OHVIRXUVFRPELYDSHXUHWOHVODYHYDLVVHOOH
&HVUpFLSLHQWVVROLGHVHWGHKDXWHTXDOLWpGHVWLQpVjODFXLVVRQYDSHXU
SHXYHQWDXVVLrWUHXWLOLVpVSRXUOHPDLQWLHQDXIUDLVGDQVOHUpIULJpUDWHXU
RXELHQOHVHUYLFHjWDEOH,OVVRQWODYDEOHVDXODYHYDLVVHOOH3RXUXQHFXLVVRQ
3UpSDUDWLRQ VLPXOWDQpHGHSOXVLHXUVDOLPHQWVOHVSODWV*1SHXYHQWVHFRPELQHUDYHF
GHVSODWVSOXVSHWLWV*1TXLVRQWGLVSRQLEOHVHQWDQWTX·DFFHVVRLUHV
/DYDJH

5pIpUHQFHV5pIpUHQFHVRQOLQH

5pJpQpUDWLRQ *1  ࡱ


5pFLSLHQW ࡱ+7 
0DLQWHQLUDXIUDLV
*DVWUR1RUPHQLQR[*1
QRQSHUIRUpSURIRQGHXUPPO

*1 ࡱ
5pFLSLHQW ࡱ+7 
0DLQWHQLUDXIUDLV *DVWUR1RUPHQLQR[*1
&XLVVRQ QRQSHUIRUpSURIRQGHXUPPO


0DLQWHQLU *1 ࡱ


DXFKDXG 5pFLSLHQW ࡱ+7 
*DVWUR1RUPHQLQR[*1
SHUIRUpSURIRQGHXUPPO


*1 ࡱ
3UpSDUDWLRQ 5pFLSLHQW ࡱ+7 
3RXUXQHSUpSDUDWLRQGDQVXQpYLHU *DVWUR1RUPHQLQR[*1
DXIRUPDW*DVWUR1RUP SHUIRUpSURIRQGHXUPPO

5pIULJpUDWLRQ
3RXUXQPDLQWLHQDXIUDLVGDQVOHV )DLWRXWHQIRQWH*DVWUR1RUP
DSSDUHLOVGHIURLG9DULR6pULH *1

)DLWRXW*DVWUR1RUP*1+DXWHXUPP$QWLDGKpUHQW3HUPHWGHVDLVLUGDQV
&XLVVRQ OHIRXUDYHFODIRQFWLRQ)DLWRXW8WLOLVDWLRQLQGpSHQGDQWHGXSODWHWRXGXFRXYHUFOH
3RXUXQHFXLVVRQGDQVOHVIRXUV KDXWHXUPPPP 6HSRVLWLRQQHGDQVOHIRXUDYHFO·DFFHVVRLUHUDLO
FRPELYDSHXU%6%63HQFRPELQDLVRQ WpOHVFRSLTXH%$%$UpVLVWDQFHGHFKDXIIH%$RX%$
DYHFO·DGDSWDWHXU*1HWGDQV jFRPPDQGHUVpSDUpPHQW 6·XWLOLVHpJDOHPHQWGDQVOHIRXUYDSHXURXFRPELYD
OHVIRXUV%2%23HQFRPELQDLVRQ SHXUDYHFO¶DGDSWDWHXU*1HWOHV\VWqPHGHUDLOVWpOHVFRSLTXHV%$
DYHFOHUDLOWpOHVFRSLTXH%$ OHVUpIpUHQFHVVRQWjFRPPDQGHUVpSDUpPHQW 
%$

5pIpUHQFHV5pIpUHQFHVRQOLQH
0DLQWHQLUDXFKDXG *1 ࡱ
3RXUXQPDLQWLHQDXFKDXGGDQVOHV )DLWRXW*DVWUR1RUP ࡱ+7 
WLURLUVFKDXIIDQWV:6:63 HQIRQWHG·DOXPLQLXP*1
 +DXWHXUPP

5pJpQpUDWLRQ
3RXUUpJpQpUHUGDQVOHVIRXUV
YDSHXUVHWFRPELYDSHXU%6%63RX
UpFKDXIIHUGDQVOHVIRXUV%2%23HQ 7HSSDQ<DNL
FRPELQDLVRQDYHFOHUDLOWpOHVFRSLTXH *1
%$%$

5pIpUHQFHV5pIpUHQFHVRQOLQH
/DYDJH *1 ࡱ
8QODYDJHHWXQVpFKDJHRSWLPDOGDQV 7HSSDQ<DNL ࡱ+7 
QRVODYHYDLVVHOOHJUkFHDXVXSSRUW FRPSRVpGHPDWpULDX[
SRXUSODWV*DVWUR1RUP PXOWLFRXFKHV*1
3RXUWDEOHLQGXFWLRQ)XOO=RQH
&;
/[3[+ [[PP
*1  ࡱ
7HSSDQ<DNL ࡱ+7 
FRPSRVpGHPDWpULDX[
PXOWLFRXFKHV*1
3RXUWDEOHLQGXFWLRQ)XOO=RQH
&;
/[3[+ [[PP
(WLTXHWWHpQHUJpWLTXH_+RPH&RQQHFW_$FFHVVRLUHV 

3RLJQpHVSRXUPHXEOHV
3RXUXQHSDUIDLWHKDUPRQLHHQWUHYRVPHXEOHVGHFXLVLQHHWYRWUHpOHFWURPpQDJHU*DJJHQDXYRXVSURSRVHGHVSRLJQpHVDVVRUWLHVDX[DSSDUHLOV
GHIURLGGHODJDPPH9DULRHWDX[IRXUVGHOD6pULH
(QIRQFWLRQGHODORQJXHXUOHVSRLJQpHVVRQWOLYUpHVDYHFRXYLV

3RLJQpHVDYHFYLV 3RLJQpHVDYHFYLV
 
5pIpUHQFHV5pIpUHQFHVRQOLQH 5pIpUHQFHV5pIpUHQFHVRQOLQH
*+ ࡱ *+ ࡱ
,QR[ORQJXHXUFP ࡱ+7  ,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP ,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ *+ ࡱ
,QR[ORQJXHXUFP ࡱ+7  ,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP ,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[DVVRUWLj%23 ࡱ+7 
ORQJXHXUFP
,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[ORQJXHXUFP ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP
*+ ࡱ
,QR[ORQJXHXUFP  ࡱ+7 
,QWHUYDOOHGHSHUoDJHPP

5pIpUHQFHVSRXUFRPPDQGHUVXUODERXWLTXHHQOLJQHZZZJDJJHQDXFRP©H6KRSª
/HVSUL[LQGLTXpVVRQWpYROXWLIVHWQHVRQWGRQQpVTX¶jWLWUHLQGLFDWLI
/DYHUVLRQGHO
pWLTXHWWHpQHUJLH
YDODEOHMXVTX
DXIpYULHU
8WLOLVHUGHVDSSDUHLOVpOHFWURPpQDJHUVpFRQRPHVHQpQHUJLHYRXVSHUPHWGHSUpVHUYHUGHSUpFLHXVHVUHVVRXUFHVHW
UpGXLWOHPRQWDQWGHYRVIDFWXUHV&
HVWSRXUTXRLYRXVGHYH]WHQLUFRPSWHGHVIDLEOHVYDOHXUVGHFRQVRPPDWLRQG
pQHUJLH
HWG
HDXORUVTXHYRXVDFKHWH]XQDSSDUHLOpOHFWURPpQDJHU'HSXLVO
pWLTXHWWHpQHUJLHHXURSpHQQHIRXUQLWGHV
LQIRUPDWLRQVVWDQGDUGLVpHVFRQFHUQDQWODFRQVRPPDWLRQG
pQHUJLHHWG
HDXGHVDSSDUHLOVpOHFWURPpQDJHUV
/DSUpFpGHQWHPRGL=FDWLRQGDWDLWGHHWSRUWDLWVXUOHFRQWHQXHWODFRQFHSWLRQGHO
pWLTXHWWHpQHUJLH
/
pWLTXHWWHpQHUJLHVRXVODIRUPH$$HWFSUpFLVDLWODFODVVHG
HZFDFLWpGHO
DSSDUHLOFRQFHUQp
'HSOXVHOOHIRXUQLVVDLWGHVLQIRUPDWLRQVVXSSOpPHQWDLUHVVXUO
DSSDUHLOWHOOHVTXHVRQYROXPHVRQRUHHWVDFDSDFLWpDLQVL
TXHVDFRQVRPPDWLRQG
pQHUJLHHWG
HDX3RXUOHVODYHOLQJHHWODYHYDLVVHOOHO
pWLTXHWWHpQHUJLHDZFKDLWODFRQVRPPDWLRQ
G
pQHUJLHHWG
HDXHQYDOHXUVDQQXHOOHV

/DQRXYHOOHpWLTXHWWHpQHUJLH
YDODEOHjSDUWLUGXHUPDUV
/HVpYROXWLRQVWHFKQRORJLTXHVDXFRXUVGHFHVGHUQLqUHVDQQpHVVRQWjO
RULJLQHG
XQHDXJPHQWDWLRQGXQRPEUHGH
SURGXLWVFODVVpV$$RX$(QFRQVpTXHQFHO
pWLTXHWDJHQHUHPSOLVVDLWSOXVVDIRQFWLRQLQLWLDOHjVDYRLUDLGHUOHV
FRQVRPPDWHXUVjSUHQGUHXQHGpFLVLRQG
DFKDWFRPPHF
pWDLWOHFDVDXSDUDYDQW
/HFRPSRUWHPHQWGHVXWLOLVDWHXUVDpJDOHPHQWFKDQJp&
HVWSRXUTXRLLODpWpGpFLGpGHIDLUHpYROXHUO·pWLTXHWWHpQHUJLH
/HVSUHPLHUVDSSDUHLOVpOHFWURPpQDJHUVjSUpVHQWHUFHWWHQRXYHOOHpWLTXHWWHVRQWOHVODYHOLQJHOHVODYHOLQJHVpFKDQWV
OHVODYHYDLVVHOOHOHVUpIULJpUDWHXUVHWFRQJpODWHXUV­SDUWLUGXHUPDUVFHVDSSDUHLOVGRLYHQWSRUWHUODQRXYHOOH
pWLTXHWWHORUVTX
LOVVHURQWYHQGXVHQPDJDVLQHQOLJQHHWF
/HFKDQJHPHQWOHSOXVVLJQL=FDWLIDSSRUWpjFHVQRXYHOOHVpWLTXHWWHVpQHUJLHHVWO
pOLPLQDWLRQGHVFODVVHVG
HZFDFLWp
pQHUJpWLTXHDFFRPSDJQpHVGXVLJQH©ªFRPPH©$ª
'pVRUPDLVODFODVVL=FDWLRQYDGH$j*'HQRXYHOOHVPpWKRGHVVRQWpJDOHPHQWXWLOLVpHVSRXUPHVXUHUODFRQVRPPDWLRQ
G
pQHUJLHHWGpWHUPLQHUODFODVVHG
pWLTXHWDJH6HORQOHVVSpFL=FDWLRQVHXURSpHQQHVHOOHVGRLYHQWGDQVODPHVXUHGX
SRVVLEOHWHQLUFRPSWHGHO
XWLOLVDWLRQUpHOOHGXSURGXLWSDUOHVFRQVRPPDWHXUV
&HODVLJQL=HSDUH[HPSOHTXHOHFDOFXOGHODFRQVRPPDWLRQG
pQHUJLHGHVODYHOLQJHGHVODYHOLQJHVpFKDQWVHWGHV
ODYHYDLVVHOOHQ·HVWSOXVEDVpVXUXQHDQQpHPDLVVXUF\FOHVGHODYDJH/DGXUpHGXSURJUDPPHGHUpIpUHQFHHVW
pJDOHPHQWVSpFL=pHSRXUFHVSURGXLWV

/HSURJUDPPHGHUpIpUHQFHTXLVHUWGHEDVHSRXUOHVWHVWVHWGpFODUDWLRQVGHYDOHXUVSRXUO
pWLTXHWDJHGHVODYHOLQJHHW
ODYHOLQJHVpFKDQWVDpWpPRGL=p/HQRXYHDXSURJUDPPH©(FRªHVWVXUOHEDQGHDXGHFRPPDQGHGHO
DSSDUHLO(Q
RXWUHFHVDSSDUHLOVVRQWGpVRUPDLVVRXPLVjGHVH[LJHQFHVHQFRUHSOXVpOHYpHVHQFHTXLFRQFHUQHOHXUSHUIRUPDQFHGH
ODYDJHDLQVLTX
jXQHH[LJHQFHPLQLPDOHHQFHTXLFRQFHUQHOHXUHWHWGHULQoDJH3RXUOHVODYHYDLVVHOOHODFRPSRVLWLRQ
GXQRPEUHGHFRXYHUWVVWDQGDUGHVWpJDOHPHQWPRGL=pH&
HVWSRXUFHVUDLVRQVHQWUHDXWUHVTX
LOQ
HVWSDVSRVVLEOH
GHFRQYHUWLUGLUHFWHPHQWOHVDFWXHOOHVFODVVHVG
HZFDFLWpHQQRXYHOOHVFODVVHV'HSOXVYRXVSRXYH]GpVRUPDLVREWHQLU
SOXVG
LQIRUPDWLRQVVXUOHSURGXLWHQVFDQQDQWOH45FRGHDZFKpVXUO
pWLTXHWWHpQHUJLHTXLYRXVUHQYHUUDjXQHEDVHGH
GRQQpHVGHO
8(9RXVSRXUUH]\FRQVXOWHUHW\WpOpFKDUJHUGHVGRFXPHQWVSRXUWRXVOHVDSSDUHLOVTXLIRQWO
REMHWG
XQH
QRXYHOOHpWLTXHWWHpQHUJLH/DEDVHGHGRQQpHVHVWpJDOHPHQWDFFHVVLEOHVXULQWHUQHW3RXUSOXVG
LQIRUPDWLRQVVXUOD
QRXYHOOHpWLTXHWWHpQHUJLHFRQVXOWH]OHVLWHZZZJDJJHQDXFRP
(WLTXHWWHpQHUJpWLTXH_+RPH&RQQHFW_$FFHVVRLUHV 

0RGqOHG·pWLTXHWWHpQHUJLHSRXUODYHYDLVVHOOH
/DFODVVHG·HZFDFLWppQHUJpWLTXHGHVODYHYDLVVHOOHHVWWRXMRXUVEDVpHVXUOHSURJUDPPH

©(FRª&HSHQGDQWODQRUPHGHWHVWDFKDQJp3DUH[HPSOHGHVWDVVHVjFDIpGHVEROV
HQDFLHULQR[\GDEOHHWGHVXVWHQVLOHVHQSODVWLTXHVHURQWGRUpQDYDQWXWLOLVpVSRXUpYDOXHU
 ODSHUIRUPDQFHGHODYDJHHWGHVpFKDJHD=QGHPLHX[UHSUpVHQWHUOHVKDELWXGHVGHV
FRQVRPPDWHXUV
'HSOXVODGXUpHGXSURJUDPPH(FRHVWGpVRUPDLVLQGLTXpH&HSURJUDPPH
SDUWLFXOLqUHPHQWUHVSHFWXHX[GHO·HQYLURQQHPHQWHWLGpDOSRXUODYDLVVHOOHQRUPDOHPHQW
VDOHHVWOHSOXVHZFDFHGXSRLQWGHYXHGHV©FRQVRPPDWLRQVG·pQHUJLHHWFRQVRPPDWLRQ
G·HDXFRPELQpHVª7RXWFRPPHSRXUOHVODYHOLQJHHWOHVODYHOLQJHVpFKDQWVOHFDOFXOGHOD
FRQVRPPDWLRQHQpQHUJLHVHUDEDVpVXUF\FOHVGHODYDJH


 45FRGH

 &ODVVHG·HZFDFLWppQHUJpWLTXH
  &RQVRPPDWLRQHQpOHFWULFLWpHQN:KF\FOHV SURJUDPPH(FR


 1RPEUHGHFRXYHUWVVWDQGDUGSRXUOHSURJUDPPH(FR

   &RQVRPPDWLRQHQHDXHQOLWUHVF\FOH SURJUDPPH(FR
 'XUpHGXSURJUDPPH©(FRª
 1LYHDXVRQRUHHQG% $ UHS:HWFDWpJRULHGHQLYHDXVRQRUH

/DYHOLQJH
8QGHVSULQFLSDX[FKDQJHPHQWVDSSRUWpVjO·pWLTXHWWHpQHUJLHGHVODYHOLQJHFRQFHUQHOD

PRGL=FDWLRQGXSURJUDPPHWHVWVHUYDQWGHUpIpUHQFHSRXUWRXWHVOHVYDOHXUVGHO·pWLTXHWWH
3DUH[HPSOHOHFDOFXOGHODFRQVRPPDWLRQG·pQHUJLHVHUDEDVpVXUF\FOHVGHODYDJH
HQSURJUDPPH©(FRª FHOXLFLFRQYLHQWSRXUODYHUGHVWH[WLOHVHQFRWRQHQOLQRX 
HQPpODQJHGH=EUHVQRUPDOHPHQWVDOHVTXLG·DSUqVOHXUV\PEROHG·HQWUHWLHQVRQWODYDEOHV
jƒ&RXƒ&/HVWH[WLOHVPHQWLRQQpVSHXYHQWrWUHODYpVHQPrPHWHPSVJUkFHjFH
SURJUDPPHTXLHVWOHSOXVHZFDFHGXSRLQWGHYXHGHV©FRQVRPPDWLRQVG·pQHUJLHHWG·HDX
FRPELQpHVª

 45FRGH
 &ODVVHG·HZFDFLWppQHUJpWLTXH

 &RQVRPPDWLRQG·pQHUJLHSRQGpUpH HQN:KSRXUF\FOHV
SURJUDPPH(FR
 &DSDFLWpGHFKDUJHPD[LPDOH
  
 'XUpHGXSURJUDPPH©(FRª

 &RQVRPPDWLRQG·HDXSRQGpUpH HQOLWUHVF\FOHGHODYDJH
SURJUDPPH(FR 
 
 &ODVVHG·HZFDFLWpG·HVVRUDJH
 1LYHDXVRQRUHSHQGDQWO·HVVRUDJHHQG% $ UHS:HWFDWpJRULHGHQLYHDXVRQRUH

(FR
$=QG¶DWWHLQGUHXQHHZFDFLWppQHUJpWLTXHRSWLPDOHXQHWHPSpUDWXUHGHODYDJHRSWLPDOHHVWSUpGp=QLHVHORQODFKDUJH/HFRQVRPPDWHXUQHSHXWSDVPRGL=HUFHWWH
WHPSpUDWXUH(QIRQFWLRQGHODFKDUJHHOOHSHXWrWUHGLWpUHQWHGHODWHPSpUDWXUHGHODYDJHVpOHFWLRQQpHD=QGHUpDOLVHUGHVpFRQRPLHVG¶pQHUJLH/DSHUIRUPDQFHGH
ODYDJHHVWFRQIRUPHDX[H[LJHQFHVOpJDOHV
9DOHXUVDSSOLFDEOHVDXODYDJHG¶XQTXDUWGHFKDUJHG¶XQHGHPLFKDUJHHWG¶XQHSOHLQHFKDUJH
5pIULJpUDWHXUVHWFRQJpODWHXUV
/DPpWKRGHXWLOLVpHSRXUGpWHUPLQHUODFODVVHpQHUJpWLTXHHVWPDLQWHQDQWSOXVFRPSOqWH

OHVWHVWVSUHQQHQWHQFRPSWHSDUH[HPSOHOHQRPEUHHWODWDLOOHGHVFRPSDUWLPHQWVGH
VWRFNDJHOHW\SHG·DSSDUHLOHWVRQSULQFLSHGHIRQFWLRQQHPHQW$LQVLOHVFRPSDUWLPHQWV
GHFRQJpODWLRQTXDWUHpWRLOHVGRLYHQWGpVRUPDLVDWWHLQGUHODWHPSpUDWXUHFLEOHHQ 
KHXUHVDXOLHXGHKHXUHV
/DWHPSpUDWXUHDPELDQWHjODTXHOOHOHVWHVWVVRQWHWHFWXpVHVWGpVRUPDLV
GHƒ&HWƒ&DXOLHXGHƒ&DXSDUDYDQW

 45FRGH
 &ODVVHG·HZFDFLWppQHUJpWLTXH

 &RQVRPPDWLRQG·pQHUJLHHQN:KDQ PHVXUpGDQVOHVQRXYHOOHVFRQGLWLRQV
VWDQGDUG 
 9ROXPHWRWDOGHWRXVOHVFRPSDUWLPHQWVGHFRQJpODWLRQHQOLWUHV
 
 9ROXPHWRWDOGHWRXVOHVFRPSDUWLPHQWVGHUpIULJpUDWLRQHQOLWUHV
 1LYHDXVRQRUHHQG% $ UHS:HWFDWpJRULHGHQLYHDXVRQRUH

(WLTXHWWHpQHUJpWLTXH_+RPH&RQQHFW_$FFHVVRLUHV 

&DYHjYLQ
7RXWFRPPHSRXUOHVDXWUHVpWLTXHWWHVOHVFODVVHVG
HZFDFLWppQHUJpWLTXHYRQW

pJDOHPHQWFKDQJHUSRXUO
pWLTXHWWHpQHUJLHGHVFDYHVjYLQ'HSOXVXQ45FRGH
HWODFDWpJRULHGHQLYHDXVRQRUH\VRQWpJDOHPHQWLQGLTXpV&RPPHDXSDUDYDQWOD
 FRQVRPPDWLRQG
pQHUJLHDQQXHOOHHWOHQRPEUHGHERXWHLOOHVGHYLQVWDQGDUGSRXYDQWrWUH
VWRFNpHVVRQWWRXMRXUVDZFKpV

 45FRGH
 &ODVVHG·HZFDFLWppQHUJpWLTXH

 &RQVRPPDWLRQG·pQHUJLHHQN:KDQ PHVXUpGDQVOHVQRXYHOOHVFRQGLWLRQV
VWDQGDUG 
 &DSDFLWpHQQRPEUHGHERXWHLOOHVGHYLQVWDQGDUG

 1LYHDXVRQRUHHQG% $ UHS:HWFDWpJRULHGHQLYHDXVRQRUH


/DPDLVRQFRQQHFWpH
*DJJHQDXHW+RPH&RQQHFW

*DJJHQDXODGLIIpUHQFH
/HIXWXUGHODFXLVLQHQHIDLWTXHFRPPHQFHU ࠂ &RQQHFWp
/·DSSOLFDWLRQ+RPH&RQQHFWSHUPHWDX[DPDWHXUVGH &RPPDQGH HWVXUYHLOODQFHjGLVWDQFH
FXLVLQHGHSUpFKDXIIHUOHIRXUGHPHWWUHHQPDUFKHOD 7pOpGLDJQRVWLFSDUXQWHFKQLFLHQHQOLJQH
YHQWLODWLRQGHGpPDUUHUOHF\FOHGXODYHYDLVVHOOHGH
ࠂ 3UDWLTXH
FRPPDQGHUGHVDFFHVVRLUHVVXUODERXWLTXHHQOLJQHGH
$FKDWG·DFFHVVRLUHVVXUODERXWLTXHHQOLJQH
WpOpFKDUJHUGHVQRWLFHVG·XWLOLVDWLRQHWGHIDLUHFRQWU{OHU
WpOpFKDUJHPHQWGHQRWLFHVG·XWLOLVDWLRQHWDFFqV
XQDSSDUHLOSDUXQWHFKQLFLHQWRXWFHODjGLVWDQFH
jQRWUHUpVHDXGHSDUWHQDLUHV
/·LQWHUDFWLRQDYHFGLIIpUHQWVV\VWqPHVGHGRPRWLTXHIDLW ࠂ ,QWpJUp
GHODFXLVLQHOHF±XUGHODPDLVRQFRQQHFWpH$LQVL &RPSDWLELOLWpDYHFGLIIpUHQWVV\VWqPHVGHGRPRWLTXH
O·DVVLVWDQWSHUVRQQHO$PD]RQ$OH[DSHXWSUpSDUHUXQ
FDIpRXDFWLYHUODYHQWLODWLRQWRXWHQYpULILDQWOHWHPSVGH (WFHQ·HVWTXHOHGpEXW
FXLVVRQUHVWDQW ([SORUH]WRXWHVOHVSRVVLELOLWpVVXUKRPHFRQQHFWFRP

/DGLVSRQLELOLWpGHVIRQFWLRQQDOLWpVGHO·DSSOLFDWLRQ+RPH&RQQHFW 1RQGLVSRQLEOHSRXUOHVWDEOHVGHFXLVVRQTXLQHVRQWSDVFRQoXHVSRXUXQH
GpSHQGGHVVHUYLFHV+RPH&RQQHFWSURSRVpVGDQVOHSD\VFRQFHUQp XWLOLVDWLRQVDQVVXUYHLOODQFH/DFXLVVRQGRLWrWUHHIIHFWXpHVRXVVXUYHLOODQFH
/HVVHUYLFHV+RPH&RQQHFWQHVRQWSDVGLVSRQLEOHVGDQVWRXVOHVSD\V
3OXVG·LQIRUPDWLRQVVXUZZZKRPHFRQQHFWFRP
Les prix indiqués ici sont les prix publics indicatifs définis par le fabricant à la date
d’impression (les prix figurant en orange se comprennent en Euros toutes taxes
comprises (TVA 20%), les prix en noir se comprennent hors taxes).
En conformité avec la règlementation en vigueur, il appartient à chaque revendeur
de fixer librement ses prix de vente auxquels s’ajoute l’Eco-participation (décret
n°2005/829 du 20 juillet 2005 et 2014/928 du 19 août 2014).

Eco-participation à partir du 01/04/2020 :


„ Four, séche linge, cuisinière :

8,33 € HT / 10,00 € TTC


„ Lave vaisselle, lave linge :

6,67 € HT / 8,00 € TTC


„ Appareils de Froid :

- Réfrigérateur, congélateur et cave à vin d’un poids inférieur ou égal à 40 kg :


8,33 € HT / 10,00 € TTC
- Réfrigérateur, congélateur et cave à vin d’un poids supérieur à 40 kg
et inférieur ou égal à 80 kg : 15,00 € HT / 18,00 € TTC
- Réfrigérateur, congélateur et cave à vin d’un poids supérieur à 80 kg :
19,17 € HT / 23,00 € TTC
„ Hotte, table de cuisson, domino, tiroir chauffe plat: 4,17 € HT / 5,00 € TTC

„ Micro-ondes: 2,50 € HT / 3,00 € TTC

„ Machine à café intégrable: 0,25 € HT / 0,30 € TTC

Pour toute exportation hors Union Européenne, l’approbation technique de libération


des Produits a été donnée pour la France métropolitaine et l’ensemble des DROM-COM
à l’exception des pays suivants : Polynésie, Saint Barthélémy, St Martin, Saint Pierre et
Miquelon et Wallis et Futuna. Nos appareils de Froid sont conçus exclusivement pour
un usage dans des pièces climatisées.

Photographies, descriptions et schémas indicatifs et non contractuels.


La responsabilité de BSH ne pourra non plus être engagée en cas d’indisponibilité / arrêt
de fabrication d’un modèle présenté dans le présent document.
Les produits présentés dans ce catalogue constituent une partie seulement de la totalité
des produits commercialisés par BSH France. Les photos sont non contractuelles et toute
erreur typographique sur les prix ou références produits n’engagera pas la responsabilité
de la Société qui se réserve le droit d’appliquer le prix réel.
Ce catalogue est dédié à une utilisation professionnelle.

BSH Electroménager, 26 avenue Michelet - 93 401 Saint-Ouen Cedex


R.C.S. Bobigny B 341 911 790 - Gaggenau, marque déposée par BSH Hausgeräte GmbH.

Faites un geste Ecocitoyen


Ne jetez pas ce document
recyclez-le
Gaggenau, la différence.

Service consommateurs Gaggenau :


Conseils personnalisés, recherche
d’un revendeur, mise en service et
prestation professionnelle d’entretien.

Tél. +33 (0)1 49 48 32 83


Lundi au vendredi : 9h-12h et 14h-17h30
[email protected]

BSH Electroménager
Service Consommateurs Gaggenau
CS 90045
93582 Saint Ouen Cedex

Commandez directement accessoires


et consommables, 24h/24, 7j/7,
via la «Boutique» de notre site
gaggenau.com/fr/services/boutique-en-ligne

® Marques déposées. © 2021 réalisé par BSH Electroménager. Mise en page Alexandre Besson. Imprimé en Europe. 03/2021
Rejoignez-nous sur mygaggenau.fr
Cours de cuisine, événements culinaires,
recettes de chefs.

Showroom Paris
7 rue de Tilsitt, 75017 Paris
Nouvelle adresse à compter de septembre :
240 Bd Saint-Germain 75007 Paris
Téléphone 01 58 05 20 20
[email protected]

Interventions à domicile :
Par téléphone : 01 40 10 42 12
accessible 24h/24, 7j/7
(prix d’un appel local, hors jours fériés)
En ligne :
gaggenau.com/fr/services/service-consommateur

Retrouvez nos publications sur :


Instagram
Pinterest
YouTube

www.gaggenau.com

You might also like