background image





)UDQFN0XOOHU

UXHGX*pQpUDOGH*DXOOH

0$57,19,//(

7pO;

0212%-(&7,)

8175$9$,/'(&217$&7$86(59,&('(9275(&/,(17Ê/(



(;3e5,(1&(352)(66,211(//(



'DQVODUHVWDXUDWLRQ

0F'RQDOGV6WUDVERXUJSODFH.OHEHU

(TXLSLHUSRO\YDOHQW

DFFXHLOGHVFOLHQWV

WHQXHGHODFDLVVH

SULVHGHFRPPDQGHV

SUpSDUDWLRQGHVKDPEXUJHUV

-¶DLpWpGpVLJQpTXDWUHIRLVFROODERUDWHXUYHGHWWHGHODVHPDLQH



5HVWDXUDQWJDVWURQRPLTXH/H6\EDULWH6DYHUQH FRXYHUWV 

5HVWDXUDQW/HV7LOOHXOV6WUDVERXUJ FRXYHUWV 

7UDLWHXU/HY{WUH FRPPDQGHVMRXU 

$SSUHQWL&XLVLQLHU

SUpSDUDWLRQPDWLqUHVSUHPLqUHV pSOXFKDJHpFDLOODJHODYDJH 

SUpSDUDWLRQVVLPSOHV VDODGHVRPHOHWWHVUHVWDXUDQWOHV7LOOHXOV 

0HVHPSOR\HXUVRQWDSSUpFLpPDSRQFWXDOLWpHWPDSURSUHWp



'DQVO¶DQLPDWLRQ

&HQWUHGHORLVLUV(VWLQJHQ

$QLPDWHXU HQIDQWVGHPDWHUQHOOH 

VXUYHLOODQFHHQIDQWV

MHX[HQH[WpULHXUDSSUHQWLVVDJHQRWLRQVIRRWEDOOJ\PQDVWLTXH URXODGHVSRLULHU 



'DQVO¶LQGXVWULH

&KHVVRQ VRXVWUDLWDQWDXWRPRELOHV\VWqPHVG¶pFODLUDJH 

0DJDVLQLHUHQLQWpULP

UDQJHPHQWGHVSLqFHV

SUpSDUDWLRQGHVFRPPDQGHVSRXUOHVFKDXIIHXUVURXWLHUV





',9(56

1LYHDX&$3 K{WHOOHULHUHVWDXUDWLRQ 

DvQpGHHQIDQWVM¶DLOHVHQVGHVUHVSRQVDELOLWpV