4
/03+9,5 05 ;/, /6<:,/63+
S
= <=B /::=E 167:2@3< B= >:/G E7B6 B63
/>>:7/<13
S
!4 B63 />>:7/<13 43/BC@3A / :=19 933>
B63 93G =CB =4 B63 @3/16 =4 167:2@3<
,5,9(3 9,.<3(;065:
*63 />>:7/<13 7A AC7B/0:3
S
4=@ @34@753@/B7<5 4==2
S
4=@ 4@33H7<5 4==2
S
4=@ ;/97<5 713
S
4=@ 27A>3<A7<5 2@7<97<5 E/B3@
*63 />>:7/<13 7A AC>>@3AA32 /11=@27<5
B= + 7@31B7D3
*63 @34@753@/B7=< 17@1C7B 6/A 033<
1631932 4=@ :3/9A
*67A >@=2C1B 1=;>:73A E7B6 B63 @3:3D/<B
A/43BG @35C:/B7=<A 4=@ 3:31B@71/: />>:7/<O
13A %
5-694(;065
*65*,9505. +0:76:(3
x
0:76:(3 6- 7(*2(.05.
*63 >/19/57<5 >@=B31BA G=C@ />>:7/<13
4@=; 2/;/53 2C@7<5 B@/<A7B :: CB7:7A32
;/B3@7/:A /@3 3<D7@=<;3<B/::G A/43 /<2
@31G1:/0:3 ':3/A3 63:> CA 0G 27A>=A7<5
=4 B63 >/19/57<5 7< /< 3<D7@=<;3<B/::G
4@73<2:G ;/<<3@
':3/A3 /A9 G=C@ 23/:3@ =@ 7<?C7@3 /B
G=C@ :=1/: /CB6=@7BG /0=CB 1C@@3<B
;3/<A =4 27A>=A/:
!
'(9505.
"33> 167:2@3< /E/G 4@=; >/19/57<5
/<2 7BA >/@BA /<53@ =4 AC44=1/B7=<
4@=; 1=::/>A70:3 0=F3A /<2 4=7:
&:2 />>:7/<13A /@3 <=B E=@B6:3AA
@C007A6 ,/:C/0:3 @/E ;/B3@7/:A 1/< 03
@31:/7;32 0G @31G1:7<5 =:2 />>:7/<13A
*67A />>:7/<13 6/A 033< 723<B74732
7< /11=@2/<13 E7B6 B63C@=>3/<
27@31B7D3 =< -/AB3
:31B@71/: /<2 :31B@=<71
?C7>;3<B -
*63 27@31B7D3 A>317473A B63 4@/;3O
E=@9 4=@ /< +OE723 D/:72 @3BC@<
/<2 @31G1:7<5 =4 =:2 />>:7/<13A
!
'(9505.
(32C<2/<B />>:7/<13A
'C:: =CB B63 ;/7<A >:C5
CB =44 B63 >=E3@ 1=@2 /<2 27A1/@2
E7B6 B63 ;/7<A >:C5
(34@753@/B=@A 1=<B/7< @34@753@/<BA
/<2B63 7<AC:/B7=< 1=<B/7<A 5/A3A
(34@753@/<B /<2 5/A3A ;CAB 03
27A>=A32 =4 >@=43AA7=</::G <AC@3 B6/B
BC07<5 =4 B63 @34@753@/<B 17@1C7B 7A <=B
2/;/532 >@7=@ B= >@=>3@ 27A>=A/:
5:;(33(;065
05:;9<*;065:
$9(5:769;05.
*63 />>:7/<13A /@3 63/DG /<2 ;CAB
03A31C@32 2C@7<5 B@/<A>=@B/B7=< /<2
7<AB/::/B7=<
31/CA3 =4 B63 E3756B27;3<A7=<A =4
B63 />>:7/<13 /<2 B= ;7<7;7A3 B63 @7A9
=4 7<8C@73A /<2 2/;/53 B= B63 />>:7/<13
/B :3/AB BE= >3@A=<A /@3 <313AA/@G B=
A3BOC> B63 />>:7/<13 A31C@3:G
5:;(33(;065 36*(;065
!<AB/:: B63 />>:7/<13 7< / 2@G E3::
D3<B7:/B32 @==; *63 7<AB/::/B7=<
:=1/B7=< A6=C:2 <37B63@ 03 3F>=A32 B=
27@31B AC<:756B <=@ <3/@ / 63/B A=C@13
3 5 / 1==93@ @/27/B=@ 3B1
!47<AB/::/B7=< <3FB B= / 63/B A=C@13 7A
C</D=72/0:3 CA3 / AC7B/0:3 7<AC:/B7<5
>:/B3 =@ =0A3@D3 B63 4=::=E7<5 ;7<7;C;
27AB/<13A B= / 63/B A=C@13
1; B= 3:31B@71 =@ 5/A 1==93@A
1; B= /< =7: =@ A=:72O4C3: 1==93@
!4 7<AB/::7<5 B63 />>:7/<13 <3FB B= /<O
=B63@ @34@753@/B=@ =@ 4@33H3@ B63@3 ;CAB
03 / ;7<7;C; 5/> =4 ;; 03BE33<
B63 />>:7/<13A 7< =@23@ B=>@3D3<B 1=<O
23<A/B7=<
!4 / >/<3: =@ 1C>0=/@2 7A 7<AB/::32 /0=D3
B63 />>:7/<13 3<AC@3 B6/B / 5/> =4
;; 7A :34B A= B6/B B63 />>:7/<13 1/<
03 >C::32 =CB =4 B63 @313AA 74 @3?C7@32
*63 /7@ 63/B32 =< B63 @3/@ A723 =4 B63
/>>:7/<13 ;CAB 03 /::=E32 B= 3A1/>3
C<67<23@32
#<):<9-(*,
;;,5;065
*63 />>:7/<13 7A D3@G 63/DG (343@ B=
B63 4=::=E7<5 />>:7/<13 E3756B B/0:3
3;>BG E3756B
$=23: E7B6 27A>3<A3@
95
*63 4:==@ =4 B63 7<AB/::/B7=< :=1/B7=<
;CAB <=B 57D3 E/G 74 @3?C7@32 @37<4=@13
4:==@
*= 3<AC@3 B6/B B63 2==@A 1/< =>3<
/::B63 E/G =0A3@D3 :/B3@/: ;7<7;C;
27AB/<13A E63< 7<AB/::7<5 B63 />>:7/<13
7< / 1=@<3@ =@ @313AA A33 16/>B3@
I>>:7/<13 /<2 7<AB/::/B7=<
27;3<A7=<A
!4 B63 23>B6 =4 B63 /28/13<B 97B163<
3?C7>;3<B 7A ;=@3 B6/<
1;
=0A3@D3 :/B3@/: ;7<7;C; 27AB/<13A 7<
=@23@ B= CB7:7A3 B63 4C:: 2==@ =>3<7<5
/<5:3 A33 16/>B3@ I==@ =>3<7<5
/<5:3I
):,9=, (4)0,5;
;,47,9(;<9, (5+
=,5;03(;065
4)0,5; ;,47,9(;<9,
*63 1:7;/B71 1:/AA 1/< 03 4=C<2 =<
B63@/B7<5 >:/B3 !B AB/B3A B63 @==; B3;O
>3@/BC@3E7B67< E6716 B63 />>:7/<13
1/< 03 =>3@/B32 *63 @/B7<5 >:/B3 7A :=O
1/B32 7< B63 @34@753@/B=@ 1=;>/@B;3<B
/B B63 0=BB=; @756B A723
% $$
#%% %
%!#%&#
E =8 E
E =8 E
E =8 E
E =8 E
&,5;03(;065
%3D3@ 1=D3@ B63 D3<B7:/B7=< =>3<7<5A
=<B63 @3/@ =4 B63 />>:7/<13
&B63@E7A3 B63 @34@753@/B7<5 C<7B ;CAB
E=@9 6/@23@ 7<1@3/A7<5 B63 >=E3@
1=<AC;>B7=<
':/13 B63 3<1:=A32 A>/13@A 7< B63
23A75</B32 6=:23@A =< B63 0/19 =4 B63
/>>:7/<13 *67A 3<AC@3A B6/B B63@3 7A
/;7<7;C; 27AB/<13 03BE33< B63
/>>:7/<13 /<2 B63 E/::
,5
