,7
',&+,$5$=,21( ', &21)250,7¬ (&
'LWWD SURGXWWULFH 7HFKWURQLF 3URGXFW 'HYHORSPHQW /WG
,QGLUL]]R ) &': %XLOGLQJ &DVWOH 3HDN 5RDG 7VXHQ :DQ +RQJ .RQJ
1RPH H LQGLUL]]R GHOOD SHUVRQD DXWRUL]]DWD D FRPSLODUH LO ILOH WHFQLFR
.ODXV +DKQ
7HFKWURQLF ,QGXVWULHV 8. /WG
0HGLQD +RXVH )LHOGKRXVH /DQH 0DUORZ %XFNV 6/ 7% 8QLWHG .LQJGRP
6L GLFKLDUD FRQ OD SUHVHQWH FKH LO SURGRWWR
&DWHJRULD 7DJOLDHUED7DJOLDERUGL
0RGHOOR 5/76
1XPHUR GL VHULH 9HGHUH O¶HWLFKHWWD QRPLQDOH VXO SURGRWWR
$QQR GL FRVWUX]LRQH 9HGHUH O¶HWLFKHWWD QRPLQDOH VXO SURGRWWR
q FRQIRUPH DOOH VHJXHQWL 'LUHWWLYH (XURSHH H DL VHJXHQWL VWDQGDUG DUPRQL]]DWL
(& (& (& (& (&
(8 (1 $ (1 $$
(1 $$ (1 (1
$$$$$
$ (1 (1 $ (1
(1 ,62 ,62 )SU (1 )SU$$
/LYHOOR GL SRWHQ]D DFXVWLFD PLVXUDWR G% $
/LYHOOR GL SRWHQ]D VRQRUD JDUDQWLWD G% $
0HWRGR GL YDOXWD]LRQH VXOOD FRQIRUPLWj DOO¶DOOHJDWR 9, 'LUHWWLYD (&
$QGUHZ -RKQ (\UH %(QJ &(QJ 0,(7
9LFH SUHVLGHQWH VH]LRQH LQJHJQHULD
+RQJ .RQJ 2FW
1/
(& &21)250,7(,769(5./$5,1*
)DEULNDQW 7HFKWURQLF 3URGXFW 'HYHORSPHQW /WG
$GUHV ) &': %XLOGLQJ &DVWOH 3HDN 5RDG 7VXHQ :DQ +RQJ .RQJ
1DDP HQ DGUHV YDQ GH SHUVRRQ EHYRHJG YRRU KHW VDPHQVWHOOHQ YDQ GH WHFKQLVFKH
ILFKH
.ODXV +DKQ
7HFKWURQLF ,QGXVWULHV 8. /WG
0HGLQD +RXVH )LHOGKRXVH /DQH 0DUORZ %XFNV 6/ 7% 8QLWHG .LQJGRP
+LHUELM YHUNODUHQ ZLM GDW KHW SURGXFW
&DWHJRULH *D]RQPDDLHUJUDVNDQWHQPDDLHU
0RGHO 5/76
6HULHQXPPHU =LH PDFKLQHSODDWMH
%RXZMDDU =LH PDFKLQHSODDWMH
LV LQ RYHUHHQVWHPPLQJ PHW GH YROJHQGH (XURSHVH 5LFKWOLMQHQ HQ JHKDUPRQLVHHUGH
QRUPHQ
(& (& (& (& (&
(8 (1 $ (1 $$
(1 $$ (1 (1
$$$$$$
(1 (1 $ (1 (1 ,62
,62 )SU (1 )SU$$
*HPHWHQ JHOXLGVQLYHDX G% $
*HJDUDQGHHUG JHOXLGVQLYHDX G% $
(YDOXDWLHPHWKRGH FRQIRUPLWHLW YROJHQV ELMODJH 9, 5LFKWOLMQ (&
$QGUHZ -RKQ (\UH %(QJ &(QJ 0,(7
9LFH 3UHVLGHQW 2QWZHUS
+RQJ .RQJ 2FW
37
'(&/$5$d2 (& '( &21)250,'$'(
)DEULFDQWH 7HFKWURQLF 3URGXFW 'HYHORSPHQW /WG
(QGHUHoR ) &': %XLOGLQJ &DVWOH 3HDN 5RDG 7VXHQ :DQ +RQJ .RQJ
1RPH H HQGHUHoR GD SHVVRD DXWRUL]DGD D FRPSLODU R GRVVLHU WpFQLFR
.ODXV +DKQ
7HFKWURQLF ,QGXVWULHV 8. /WG
0HGLQD +RXVH )LHOGKRXVH /DQH 0DUORZ %XFNV 6/ 7% 8QLWHG .LQJGRP
3HOR SUHVHQWH GHFODUDPRV TXH RV SURGXWRV
&DWHJRULD $SDUDGRU GH 5HOYD $SDUDGRU GH $UHVWDV
0RGHOR 5/76
1~PHUR GH VpULH 9HU HWLTXHWD GH FODVVL¿FDomR GRV SURGXWRV
$QR GH FRQVWUXomR 9HU HWLTXHWD GH FODVVL¿FDomR GRV SURGXWRV
VH HQFRQWUD HP FRQIRUPLGDGH FRP DV VHJXLQWHV 'LUHFWLYDV (XURSHLDV H QRUPDV
KDUPRL]DGDV
(& (& (& (& (&
(8 (1 $ (1 $$
(1 $$ (1 (1
$$$$$$
(1 (1 $ (1 (1 ,62
,62 )SU (1 )SU$$
1tYHO GH SRWrQFLD VRQRUD PHGLGR G% $
1tYHO GH SRWrQFLD VRQRUD JDUDQWLGR G% $
0pWRGR GH DYDOLDomR GH FRQIRUPLGDGH SDUD R DQH[R 9, 'LUHFWLYD (&
$QGUHZ -RKQ (\UH %(QJ &(QJ 0,(7
9LFHSUHVLGHQWH GH (QJHQKDULD
+RQJ .RQJ 2FW
'$
(& 29(5(1667(00(/6(6(5./5,1*
)DEULNDQW 7HFKWURQLF 3URGXFW 'HYHORSPHQW /WG
$GUHVVH ) &': %XLOGLQJ &DVWOH 3HDN 5RDG 7VXHQ :DQ +RQJ .RQJ
1DYQ RJ DGUHVVH Sn SHUVRQHQ EHP\QGLJHW WLO DW XGDUEHMGH GH WHNQLVNH GDWD
.ODXV +DKQ
7HFKWURQLF ,QGXVWULHV 8. /WG
0HGLQD +RXVH )LHOGKRXVH /DQH 0DUORZ %XFNV 6/ 7% 8QLWHG .LQJGRP
9L HUNO UHU KHUPHG DW SURGXNWHW
.DWHJRUL .DQWWULPPHUNOLSSHU
0RGHO 5/76
6HULHQXPPHU 6H SURGXNWHWV NODVVL¿FHULQJVHWLNHW
)UHPVWLOOLQJVnU 6H SURGXNWHWV NODVVL¿FHULQJVHWLNHW
HU L RYHUHQVVWHPPHOVH PHG I¡OJHQGH (8GLUHNWLYHU RJ KDUPRQLVHUHGH VWDQGDUGHU
(& (& (& (& (&
(8 (1 $ (1 $$
(1 $$ (1 (1
$$$$$$
(1 (1 $ (1 (1 ,62
,62 )SU (1 )SU$$
0nOW VW¡MQLYHDX G% $
*DUDQWHUHW VW¡MQLYHDX G% $
2YHUHQVVWHPPHOVHVYXUGHULQJVPHWRGH WLO ELODJ 9, 'LUHNWLY (&
$QGUHZ -RKQ (\UH %(QJ &(QJ 0,(7
9LFHSU VLGHQW IRU WHNQLN
+RQJ .RQJ 2FW