Télécharger - Club des Sports de Val d`Isère

6&$5$
'XDXDYULO
9DOG¶,VqUH)5$1&(
/D6FDUDI¿RWWL6FDUD
&RXUVHV),6,QWHUQDWLRQDOHV
-HXQHV
+,672,5(
&
UppHLO\DDQVVXUXQHLGpHGHFRQIURQWDWLRQHQWUHOHVHQIDQWVGX&OXEGHVVSRUWVGH9DO
G¶,VqUH HW OHV HQIDQWV GHV &OXEVjO¶HQWUDvQHPHQW GDQVQRWUH 6WDWLRQ FHWWH FRPSpWLWLRQ DYDLW
pWpEDSWLVpH©&RXSHGH3kTXHVGHV-HXQHVª$SUqVDQVGHFRQIURQWDWLRQQRXVDYRQVFUXERQ
G¶RUJDQLVHURI¿FLHOOHPHQWXQHFRXUVHIUDQoDLVHSRXUFO{WXUHUODVDLVRQ$X¿OGHVDQQpHVODSDUWLFL
SDWLRQGHVFOXEVIUDQoDLVDOODLWHQJUDQGLVVDQW3OXVWDUGVXLWHjXQDFFLGHQWVXUYHQXj+HUYp6&$
5$)),277,DQFLHQPHPEUHGHO¶(TXLSHGH)UDQFHGHVNLHWGX&OXEGHV6SRUWVGH9DOG¶,VqUHQRXV
DYRQVGpFLGpGHFUpHUXQ0pPRULDOHQVRQKRQQHXUHWQRWUHFRPSpWLWLRQHVWGHYHQXH
/D&RXSHGH3kTXHVGHV-HXQHV
0HPRULDO+HUYp6&$5$)),277,
/¶DQQpHVXLYDQWHQRXVLQVFULYRQVFHWWHFRPSpWLWLRQDXFDOHQGULHULQWHUQDWLRQDOGHVFRXUVHVSRXUHQ
IDQWV1RXVUHMRLJQRQVDLQVLOH&OXEGHVRUJDQLVDWHXUVGHFRXUVHVSRXUHQIDQWVGRQWIDLWSDUWLHODFp
OqEUH©7232/,12ª&HWWHQRXYHOOHIRUPXOHQRXVSHUPHWGHUpXQLUOHVPHLOOHXUVMHXQHVGXPRPHQW
SRXUFO{WXUHUODVDLVRQGHVNL1RXVSRXYRQVGRQFGDQVXQHPrPHVDLVRQUpXQLUO¶(OLWHPRQGLDOH
DYHFOH&ULWpULXPGHODqUHQHLJHHWODUHOqYHDYHFFHWWHFRXUVHG¶HQIDQWV$XGpSDUWQRXVRUJDQL
VLRQVFHWWHFRXUVHXQLTXHPHQWSRXUOHVJDUoRQVPDLVGHSXLVQRXVO¶DYRQVpJDOHPHQWRXYHUWH
DX[¿OOHV'HSXLVDQVQRXVXWLOLVRQVOHGLPLQXWLIGHODIDPLOOH6&$5$)),277,F¶HVWjGLUH6&$5$
$SUpVHQWFHWWHFRPSpWLWLRQVHUWGHTXDOL¿FDWLRQSRXUOHVVpOHFWLRQVjYHQLUDXQLYHDXQDWLRQDO
8QHDXWUHSDUWLFXODULWpGHFHWWHFRXUVHF¶HVWODSRVVLELOLWpGRQQpHjWRXVOHVFRXUHXUVIUDQoDLVGH
SRXYRLUSDUWLFLSHUjODFRXUVHTXDOL¿FDWLYHHWDLQVLVHTXDOL¿HUSRXUOHVSKDVHVLQWHUQDWLRQDOHV
/D6&$5$IDLWSDUWLHGXFHUFOHUHVWUHLQWGHVFLQTSOXVJUDQGHVFRPSpWLWLRQVLQWHUQDWLRQDOHV-HXQHV
TXLUHJURXSH/D7RSROLQR,WDOLH/D3LQRFFKLR&XS,WDOLHOD3RNDO/RND6ORYpQLHHWOD:KLVWOHU
&XS&DQDGD&HVFRXUVHVVHGLVWLQJXHQWSDUOHXUDQFLHQQHWpSDUOHQRPEUHGHFRQFXUUHQWVOH
QRPEUHGHQDWLRQDOLWpVUHSUpVHQWpHVODTXDQWLWpGHQRPVSUHVWLJLHX[LQVFULWVjOHXUVSDOPDUqV
$LQVLOD6&$5$HVWDLQVLFRQVLGpUpHGDQVO¶XQLYHUVGXVNLFRPPHXQYpULWDEOH©&RXSHGX0RQGH
-HXQHVªFDUHOOHSHUPHWDX[MHXQHVVNLHXUVIUDQoDLVTXDOL¿pVSRXUOHVGHX[MRXUVG¶pSUHXYHVLQWHU
QDWLRQDOHVGHVHPHVXUHUjOHXUVKRPRORJXHVpWUDQJHUV
/D6FDUDHQFKLIIUHV
1RPEUHVGHFRQFXUUHQWVHQIDQWVDFFXHLOOLVpSUHXYHVGHTXDOL¿FDWLRQVHWOHVpSUHXYHV
LQWHUQDWLRQDOHV
5pSDUWLWLRQ
FRPSpWLWHXUVIUDQoDLVTXLOXWWHQWVXUGHX[MRXUVSRXUVHTXDOL¿HUDX[pSUHXYHVLQWHUQDWLRQDOHV
FOXEVVRQWUHSUpVHQWpVHQPR\HQQHFKDTXHDQQpHUHFRUGGHFOXEVHQ
FRXUHXUVpWUDQJHUV
1RPEUHGHMRXUVGHFRPSpWLWLRQV
5pSDUWLVFRPPHVXLWMRXUVSRXUOHVVpOHFWLRQVIUDQoDLVHV6ODORP*pDQWHWMRXUVGHFRXUVHV
LQWHUQDWLRQDOHV6ODORPHW6XSHU*
1RPEUHGHQDWLRQVXQHPR\HQQHGHQDWLRQVUHSUpVHQWpHVORUVGHVpSUHXYHVLQWHUQDWLRQDOHV
UHFRUGQDWLRQV
&DWpJRULHVFRQFHUQpHV
&DWpJRULHV),6(QIDQWVHW(QIDQWVVRLWOHVFDWpJRULHVIUDQoDLVHV%HQMDPLQHW%HQMDPLQHW
0LQLPHHW0LQLPHFHTXLFRUUHVSRQGjGHVHQIDQWVGHjDQV
5pSDUWLWLRQSDUFDWpJRULHVGHVSDUWLFLSDQWVIUDQoDLVDX[pSUHXYHVGHTXDOL¿FDWLRQVSpULRGH
j
1RPEUHGH
SDUWLFLSDQWV
$QQpHV
0,1,0(6*DUoRQV)UDQFH
%(1-$0,16*DUoRQV)UDQFH
0,1,0(6)LOOHV)UDQFH
%(1-$0,1(6)LOOHV)UDQFH
5pSDUWLWLRQSDUFDWpJRULHVGHVSDUWLFLSDQWVpWUDQJHUVDX[pSUHXYHVLQWHUQDWLRQDOHVSpULRGH
j
1RPEUH SDUWLFLSDQWV $QQpHV
0,1,0(6*DUoRQV(WUDQJHUV
0,1,0(6)LOOHV(WUDQJHUV
%(1-$0,16*DUoRQV(WUDQJHUV
%(1-$0,1(6)LOOHV(WUDQJHUV
/(69$,148(856
/(6 9$,148(856 DX[ QRPV GpMj FpOqEUHV TXL RQW pWp VpOHFWLRQQpV GDQV OHV JUDQGHV FRPSpWL
WLRQVLQWHUQDWLRQDOHV-HX[2O\PSLTXHVG¶+LYHURX&KDPSLRQQDWVGX0RQGH&LUFXLWGHOD&RXSHGX
0RQGH),6GH6NL$OSLQ
/XF$/3+$1')5$3DWULFH%,$1&+,)5$$GULHQ'89,//$5')5$5DLQHU6$/=*(%(5$87$UPDQG
6&+,(/()5$-RsO&+(1$/)5$*DpWDQ//25$&+)5$3LHUUH(PPDQXHO'$/&,1)5$$QQD27
7266216:(6pEDVWLHQ)2851,(5)5$$QWRLQH'(1(5,$=)5$0DULDQQH%5(&+8)5$-DQLFD
.267(/,&&52$QMD3$(56216:(0DUNXV/$566216:()UpGpULF&29,/,)5$/DXUHQFH/$
=,(5)5$$QGUHM632516/21LND)/(,66&52-HDQ%DSWLVWH*5$1*()5$HWF
/XF$/3+$1'
)5$
3DWULFH%,$1&+,
)5$
$GULHQ'89,//$5'
)5$
5DLQHU6$/=*(%(5
$87
-RsO&+(1$/
)5$
*DsWDQ//25$&+
)5$
3LHUUH(PPDQXHO'$/&,1
)5$
$QQD27726621
6:(
$QWRLQH'(1(5,$=
)5$
0DULDQQH%5(&+8
)5$
-DQLFD.267(/,&
&52
$QMD3$(5621
6:(
0DUNXV/$56621
6:(
)UpGpULF&29,/,
)5$
$QQH//$=
$=,(
$=,(
(5
)5$
$
$QGUHM63251
6/2
1LND
1L
1
LND)
ND)
ND
)//(
(,6
,66
&5
&
52
2
2
-HDQ
-H
DQ%
%DS
SWL
WLVW
VWH
VWH
H*
*5
5$1
$ *(
)
)5$
)5$
5$
5(*/(0(17
$UW &HWWHFRXUVHG¶XQHVSULWSDUWLFXOLHUSHUPHWjXQMHXQHVNLHXUIUDQoDLVRXXQHVNLHXVHIUDQ
oDLVHQRQFODVVpHGHSDUWLFLSHUjXQHFRXUVHLQWHUQDWLRQDOHHQIDQWV
$UW &HWWHFRXUVHHVWRXYHUWHDX[MHXQHVJDUoRQVHW¿OOHVQpVGHjGHVFDWpJRULHV%HQMD
PLQV0LQLPHV
$UW &2856(648$/,),&$7,9(6'80$5',(7'80(5&5(',$95,/
&RXUHXUV)UDQoDLVVHXOHPHQW
*DUoRQV
8QHSUpTXDOL¿FDWLRQVHUDIDLWHVXUWUDFpVGHJpDQWHQUpSDUWLVVDQWVXUFKDTXHWUDFpOHVSUH
PLHUVFODVVpVGHO¶pFXUHXLOG¶2UHWHQWHQDQWFRPSWHGHO¶RUGUHGHODOLVWHGHGpSDUWGHVpSUHXYHV
WHFKQLTXHVGX&KDPSLRQQDWGH)UDQFH
/HVSUHPLHUVGHFKDTXHWUDFpV¶DIIURQWHURQWVXUXQJpDQWGHTXDOL¿FDWLRQHQPDQFKHOHV
SUHPLHUVGHFHWWHpSUHXYHVHURQWTXDOL¿pVSRXUOHVFRXUVHVLQWHUQDWLRQDOHV
)LOOHV
8QHSUpTXDOL¿FDWLRQVHUDIDLWHVXUWUDFpVGHJpDQWHQUpSDUWLVVDQWVXUFKDTXHWUDFpOHVSUH
PLqUHVFODVVpHVGHO¶pFXUHXLOG¶2UHWHQWHQDQWFRPSWHGHO¶RUGUHGHODOLVWHGHGpSDUWGHVpSUHXYHV
WHFKQLTXHVGX&KDPSLRQQDWGH)UDQFH
/HVSUHPLqUHVGHFKDTXHWUDFpV¶DIIURQWHURQWVXUXQJpDQWGHTXDOL¿FDWLRQHQPDQFKHHWOHV
SUHPLqUHVGHFHWWHpSUHXYHVHURQWTXDOL¿pHVSRXUOHVFRXUVHVLQWHUQDWLRQDOHV
$UW ,OVHUDpWDEOLXQFODVVHPHQWGXPHLOOHXUFOXEIUDQoDLVHQIRQFWLRQGXSOXVJUDQGQRPEUHGH
FRXUHXUV TXDOL¿pV SRXU OHV FRXUVHV LQWHUQDWLRQDOHV /HV HQWUDvQHXUV GX FOXE YDLQTXHXU VH YHUURQW
RIIULUXQFDGHDXRIIHUWSDUODVRFLpWp0%6$',&
$UW &2856(6),6,17(51$7,21$/(6-(81(6
&HVFRXUVHVDXURQWOLHXOHVMHXGLDYULOHWYHQGUHGLDYULOOHVTXDOL¿pV)UDQoDLVSDUWLURQWGDQV
O¶RUGUHGXFODVVHPHQWGHVpSUHXYHVpOLPLQDWRLUHV
1%/H&RPLWpG¶2UJDQLVDWLRQVHUpVHUYHOHGURLWGHWUDQVIRUPHUOH6XSHU*),6HQ6ODORP*pDQW
),6HQPDQFKHGDQVOHFDVRXOHVFRQGLWLRQVPpWpRURORJLTXHVQHSHUPHWWUDLHQWSDVODWHQXHGH
FH6XSHU*),6
'HSOXVWRXVOHVFRXUHXUVTXDOL¿pVSRXUOHVFRXUVHV),6GHYURQWrWUHHQSRVVHVVLRQGH©ODGpFODUD
WLRQGHGpFKDUJHFRUUpODWLYHjODGHPDQGHG¶XQHOLFHQFHLQWHUQDWLRQDOH),6ªVLJQpHSDUHX[Pr
PHVOHXUVSDUHQWVRXOHXUWXWHXUOpJDO
$UW ,16&5,37,216
3RXUODFRXUVHGXDYULOFO{WXUHGHVHQJDJHPHQWVOHYHQGUHGLHUDYULOjKHXUHV
SRXUODFRXUVHGXDYULOFO{WXUHGHVHQJDJHPHQWVOHVDPHGLDYULOjKHXUHV
&RXUVHVLQWHUQDWLRQDOHVFO{WXUHGHVHQJDJHPHQWVOHGLPDQFKHDYULOjKHXUHVFHFLQHFRQFHUQH
TXHOHVQDWLRQVpWUDQJqUHV
5(*/(0(17VXLWH
/HVHQJDJHPHQWVGHYURQWFRPSUHQGUHOHVUHQVHLJQHPHQWVVXLYDQWV
/HQXPpURGHFRGHOLFHQFHOHVQRPVHWSUpQRPVOHVH[HOH&OXEO¶DQQpHGHQDLVVDQFH
3RXUGHVIDFLOLWpVGHWUDLWHPHQWGHVLQVFULSWLRQVYHXLOOH]693QRXVIDLUHSDUYHQLUXQ¿FKLHUVRXVIRU
PDW³,QVFULSWLRQ))66NL´RXjGpIDXWXQ¿FKLHU([FHOFHGHUQLHUGRFXPHQWSHXWrWUHWpOpFKDUJpVXU
OHVLWH,QWHUQHWZZZYDOVSRUWRUJGDQVODUXEULTXH©6&$5$ª'¶DYDQFHPHUFL
/HVLQVFULSWLRQVGHYURQWSDUYHQLUDX
&/8%'(6632576
%39$/'¶,6(5(&('(;
WpOID[
(PDLOLQIR#YDOVSRUWRUJ
,17(51(7ZZZYDOVSRUWRUJ
$UW &20,7('(&2856(
/HV UpXQLRQV GHV FKHIV G¶pTXLSHV &RPLWp GH &RXUVH
DXURQW OLHX DX &OXE GHV 6SRUWV TXDOL¿FDWLRQV HW DX
&HQWUHGHV&RQJUqV+HQUL25(,//(5&+2SRXUOHV),6
/DSHUPDQHQFHGXEXUHDXGHFRXUVHVHWLHQGUDDX&OXE
GHV6SRUWVGH9DOG¶,VqUHGHKjK
&20,7(6'(&2856(6
7($0&$37$,160((7,1*
&HQWUHGHV&RQJUqV+HQUL25(,//(5
$UW $6685$1&(
&KDTXH FRQFXUUHQW GHYUD REOLJDWRLUHPHQW rWUH HQ SRVVHVVLRQ G¶XQH OLFHQFH ))6 FRPSpWLWHXU HQ
FRXUVGHYDOLGLWpRXSRXUOHVFRXUHXUVpWUDQJHUVXQHOLFHQFHpTXLYDOHQWHDYHFDVVXUDQFHLQGLYL
GXHOOHDFFLGHQWFRXYUDQWODSUDWLTXHGXVNLHQFRPSpWLWLRQFHFLHQFRPSOpPHQWGHODGpFODUDWLRQ
G¶DWKOqWHFLWpHjO¶$UWLFOHGXSUpVHQWUqJOHPHQW/HFOXERUJDQLVDWHXUGpFOLQHWRXWHUHVSRQVDELOLWp
SRXUFRQVpTXHQFHVG¶DFFLGHQWVRXGpJkWVPDWpULHOVSRXYDQWVXUYHQLUHQGHKRUVGHODFRPSpWLWLRQ
$UW /HVFRXUVHVVHURQWRUJDQLVpHVVXLYDQWOHUqJOHPHQW),6HQYLJXHXU
$UW+(%(5*(0(17&OXEVIUDQoDLV
3RXUWRXWVDYRLUVXUO¶RIIUHG¶KpEHUJHPHQWFRQWDFWH]QRWUHFHQWUDOH9$/'¶,6(5(5(6(59$7,21
WDULIVGLVSRQLELOLWpHWF
+RUDLUHVG¶RXYHUWXUHGHKjKHWGHKjKWRXVOHVMRXUV
2IIUHHQK{WHO7HO)D[
(PDLOUHVD#YDOKRWHOQHWRXKRWHO#YDOGLVHUHFRP
/RXHXUVSDUWLFXOLHUVDSSDUWHPHQWV7HO)D[
(PDLOYDOORFDWLRQ#YDOGLVHUHFRP
$UW5(&203(16(6
/HVSUHPLHUVGHFKDTXHFDWpJRULHUHFHYURQWXQHFRXSH,OVHUDpJDOHPHQWUHPLVFRPPHOHYHXWOD
WUDGLWLRQDXYDLQTXHXUGHFKDTXHpSUHXYHLQWHUQDWLRQDOHVRQSRLGVHQERQERQVHWVXFHWWHVRIIHUWHV
SDU3,(5527*2850$1'XQHPDUTXHGXJURXSH$1'526
352*5$00(
9HQGUHGLHUDYULOKHXUHV&O{WXUHGHVLQVFULSWLRQV0LQLPHV
6DPHGLDYULOKHXUHV&O{WXUHGHVLQVFULSWLRQV%HQMDPLQV
/XQGLDYULOKHXUHV&RPLWpGHFRXUVH0LQLPHV&OXEGHV6SRUWV
0DUGLDYULO&RXUVHVGH4XDOL¿FDWLRQV)UDQoDLVHV0LQLPHV*DUoRQVHW)LOOHV
0HUFUHGLDYULO&RXUVHVGH4XDOL¿FDWLRQV)UDQoDLVHV%HQMDPLQV*DUoRQVHW)LOOHV
352*5$00(,'(17,48(3285/(648$/,),&$7,2160,1,0(6(7%(1-$0,16
0DUGLHWPHUFUHGLDYULO
*DUoRQV
j j
)LOOHV
j
j
*DUoRQVHW)LOOHV
j
j
j
j
$FFXHLOGHV&OXEVDXFKDOHWG¶LQIRUPDWLRQGH/D'DLOOH
,QVSHFWLRQ3LVWHV³2UDQJH´³2.´
6ODORP*pDQWGH3UpTXDOL¿FDWLRQOHVSUHPLHUVGHFKDTXHPDQFKHSDUWLFL
SHURQWjODPDQFKHTXDOL¿FDWLYHDX[pSUHXYHVLQWHUQDWLRQDOHV
,QVSHFWLRQ3LVWHV³2UDQJH´³2.´
6ODORP*pDQWGH3UpTXDOL¿FDWLRQOHVSUHPLqUHVGHFKDTXHPDQFKHSDUWLFL
SHURQWjODPDQFKHTXDOL¿FDWLYHDX[pSUHXYHVLQWHUQDWLRQDOHV
,QVSHFWLRQ*DUoRQV3LVWH³2UDQJH´
,QVSHFWLRQ)LOOHV3LVWH³2.´
0DQFKHTXDOL¿FDWLYHDX[pSUHXYHVLQWHUQDWLRQDOHV*DUoRQVTXDOL¿pV
0DQFKHTXDOL¿FDWLYHDX[pSUHXYHVLQWHUQDWLRQDOHV)LOOHVTXDOL¿pV
3URMHFWLRQGX¿P©/D1XLWGHOD*OLVVHªOHPDUV&+2$PSKLWKpkWUH
&RPLWpGH&RXUVH%HQMDPLQVOHPDUV&+26DOOH9DOpULDQH
&RPLWpGH&RXUVH6ODORPV),6HPDUV&+2$PSKLWpkWUH
-(8',$95,/6/$/20),6(1)$176(7*DUoRQVHW)LOOHV
$FFXHLOGHVpTXLSHVDXFKDOHWG¶LQIRUPDWLRQGH/D'DLOOH
*DUoRQV
j j j
j
)LOOHV
j j j
j
5HFRQQDLVVDQFHqUHPDQFKH6ODORP(QIDQWV3LVWH³2.´
5HFRQQDLVVDQFHqUHPDQFKH6ODORP(QIDQWV3LVWH³2UDQJH´
'pSDUWqUHPDQFKH6ODORP(QIDQWV
'pSDUWqUHPDQFKH6ODORP(QIDQWV
5HFRQQDLVVDQFHqPHPDQFKH6ODORP(QIDQWV3LVWH³2.´
5HFRQQDLVVDQFHqPHPDQFKH6ODORP(QIDQWV3LVWH³2UDQJH´
'pSDUWqPHPDQFKHV6ODORPV(QIDQWVHW
5HFRQQDLVVDQFHqUHPDQFKH6ODORP(QIDQWV3LVWH³2.´
5HFRQQDLVVDQFHqUHPDQFKH6ODORP(QIDQWV3LVWH³2UDQJH´
'pSDUWqUHPDQFKHV6ODORPV(QIDQWVHW
5HFRQQDLVVDQFHqPHPDQFKH6ODORP(QIDQWV3LVWH³2.´
5HFRQQDLVVDQFHqPHPDQFKH6ODORP(QIDQWV3LVWH³2UDQJH´
'pSDUWqPHPDQFKHV6ODORPV(QIDQWVHW
352*5$00(VXLWH
*DUoRQVHW)LOOHV
j
j
6NL/LEUHVXUODSLVWHGH6ODORP
$QLPDWLRQVGHOD6&$5$*R€WHUMHX[HQERLV&HQWUH9LOODJH
6pDQFHGHGpGLFDFHVGHVFKDPSLRQV&HQWUHYLOODJH
&RQFHU/LYHSRGLXPSODFHGHO¶RI¿FHGH7RXULVPH
&RPLWpGH&RXUVHGHV6XSHU*),6
'p¿OpGHVQDWLRQVUXHSULQFLSDOH
5HPLVHGHV3UL[GHV6ODORPV),63ODFHGHO¶2I¿FHGH7RXULVPH
7RPERODVDYHFGHQRPEUHX[ORWVjJDJQHUVNLV3OD\VWDWLRQFRQVROHVGHMHX[
6RLUpHGHVHQWUDvQHXUV
9(1'5(',$95,/683(5*),6(1)$176(7*DUoRQVHW)LOOHV
j
j
5HFRQQDLVVDQFH±(QIDQWV*DUoRQVHW)LOOHV3LVWH³2.´
5HFRQQDLVVDQFH±(QIDQWV*DUoRQVHW)LOOHV3LVWH³'LHEROG´
6XSHU**DUoRQV
6XSHU**DUoRQV
6XSHU*)LOOHVHW)LOOHV
5HPLVHGHV3UL[GHV6XSHU*),6HWGHV4XDOL¿FDWLRQV)UDQoDLVHVDX&HQWUH
GHV&RQJUqV+HQUL25(,//(5
5(0$548(6+RUDLUHVGHV5HPRQWpHV0pFDQLTXHV
)XQLFXODLUH
7pOpVLqJHGHV³0DUPRWWHV´OHMRXUGHV6ODORPV
&217$&765DFH2IILFH
3RXUGHSOXVDPSOHVLQIRUPDWLRQVYHXLOOH]QRXVFRQWDFWHU
&OXEGHV6SRUWV
5RXWHGHOD%DOPH±%3
9$/'¶,6(5(&HGH[
)5$1&(
7pO
)D[
(PDLOLQIR#YDOVSRUWRUJ
,QWHUQHWZZZYDOVSRUWRUJ
6/+529$70HWD 6/32329$OEHUW 6/678&./(5&ODXGLD
6/(5,&.6621'HQQLV
6*+529$70HWD 6*.560$129,&/XND
6*$/3+$1'(VWHOOH
6*+(53,1/HQQ\ 6/.206,&$QGUHD
6/=$/2=1,.$PDGHM
6/%5811(56WHIDQLH
6/*$1'(5$OH[DQGHU
6*.206,&$QGUHD
6*)/25-$1&,&9HQ
6**5(87(5$QQD
6*/,176&+,1*(53KLOLS
6/$/3+$1'(VWHOOH
6/186+(9*HRUJL
6/%8&,.$QD
6/=8%&,&)LOLS 6*$/3+$1'(VWHOOH
6*+52%$70LKD 6*0(1&,1*(57MDVD
6*=8%&,&)LOLS 6/=8%&,&7DPDUD
6/52%,&6HUJLM 6/.1(=0DMD
6/%5,*29,&6pEDVWLHQ
6*0,5$'2/,5RPDQH
6*0,+(/&,&,YDQ 6*.1(=0DMD
6*&$7(50DUWLQ 6/+(50$112OLYLD
6/9(77(5$OH[DQGHU
6/&85721,(OHQD
6/)$17,12$QWKRQ\
6*=(0$129$$QGUHD
6*%$/2&&25RGROSK
6*.2%$/$QD
6*./,1(%RVWMDQ 6/'9251,.3LND 6/-25'$15pP\ 6/52961,.8UVND
6/+(661LFROD
6*52961,.8UVND
6*3(&8+%OD] 6*%(5*(50DULHOOH
6*7+28/(1LFRODV
6/&85721,(OHQD
6/)$17,12$QWKRQ\
6/%52'1,.9DQMD
6/1292$&KULVWLDQ
6/*$/)<29$1LNROD
6/+5,%$57LP 6/&+$529$7HUHVD
6/672&..$030D[LPLOLDQ
6/*52692/'7KpD
6/7+80+XJR
6/5,&+,(5$QQDsOOH
6/3$648,(5$OH[DQGUH
3$/0$5(6
6/2
%8/
$87
6:(
6/2
&52
)5$
)5$
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
&52
6/2
$87
$87
&52
6/2
$87
$87
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
)5$
%8/
6/2
&52
)5$
6/2
6/2
&52
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
&52
6/2
6/2
&52
)5$
&52
6/2
6/2
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
68,
*(5
,7$
,7$
&=(
)5$
6/2
6/2
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
6/2
68,
6/2
68,
6/2
6/2
)5$
)5$
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
,7$
,7$
6/2
68,
(QIDQW
(QIDQW
(QIDQW
(QIDQW
69.
6/2
&=(
*(5
(QIDQW
(QIDQW
(QIDQW
(QIDQW
125
)5$
)5$
)5$
(QIDQW
(QIDQW
(QIDQW
(QIDQW
6/%256277,&DPLOOD$QQR ,7$
6/%$51,(57KRPDV
)5$
6/3(51(51LQD *(5
6/8+1$¶.-XUDM 69.
6*%256277,&DPLOOD$QQR ,7$
6*3,&&2/,128JR
)5$
6*%(51$5'*5$1*(5&KORp)5$
6*'85$1'-pUpPLH
)5$
6/)(5.0DWpD
&52
6/+7$'2:&=$.-DNXE
32/
6/5(3&,129$.ULVWLQD
69.
6/)2855$7-HDQ%DSWLVWH
)5$
6*-$=%(&.DWMD 6/2
6*/(*2'28.HYLQ
)5$
6*7$%(5/(76DUD
)5$
6*'85$1'-pUpPLH
)5$
6*$16(/0(7&RULQH
)5$
6*3$48,13DXO )5$
6*7$%(5/(76DUD
)5$
6*3(66(<-HDQ)UDQoRLV
)5$
6/%21-285$OLQH
68,
6/%$5,//21%UHWW
68,
6/:$,%(/%LDQFD *(5
6/),//2'6pEDVWLHQ
)5$
6*0$'(55pJLQD $87
6*%28,//27$OH[DQGUH
)5$
6*75,3$5',VD )5$
6*%/$1&6WHYH )5$
6/)/(,661LND &52
6/*5$1*(-HDQ%DSWLVWH
)5$
6//(*8,//286RXD]LF
)5$
6/6&+1(,'(5)ORUL
*(5
6*%$37(1',(56ROHQH
)5$
6**5$1*(-HDQ%DSWLVWH
)5$
6*/(*8,//286RXD]LF
)5$
6*3$48277(/RwF
)5$
6/'85$1'/DXUH
)5$
6/58,=&DUROLQD 63$
6/),//2'6pEDVWLHQ
)5$
6/63251$QGUHM 6/2
6*'(3200,(5(PLOLH
)5$
6*63251$QGUH 6/2
6/.267(/,&-DQLFD
&52
6/3$48277(/RwF
)5$
6/3$(5621$QMD 6:(
6/$16(/0(7$OH[DQGUH
)5$
6*/(*8,//286RXD]LF
)5$
6*3$48277(/RwF
)5$
6*3$(5621$QMD 6:(
6*9,6(5$QGL
6/2
6/25021'6RSKLH
)5$
6/2/66213LHUUH 6:(
6*/$=,(5/DXUHQFH
)5$
6*&/$5(<-RKDQ )5$
6*/$02856DUDK
)5$
6*/,1'-RQDV
6:(
6/&+$5'216DEULQD
)5$
6//$0$548(2OLYLHU
)5$
6/5(%8))(70DQRQ
)5$
6/+(50,77()ORUHQW
)5$
6*'89$/$XUpOLH )5$
6*/$0$548(2OLYLHU
)5$
6*/(12,50pODQLH
)5$
6*6$89$*(1LFRODV
)5$
6/67(5&+,0DU\OLQ
68,
6/5,&+$5'&\SULHQ
)5$
6/27721(&KLDUD
,7$
6/3(55,1(PPDQXHO
)5$
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
(QIDQW
VXLWH
6*/21*8(9,//(.DUHQQ )5$
(QIDQW
6*/$566210DUNXV
6:(
(QIDQW
6*27721(&KLDUD
,7$
(QIDQW
6*0$58//$=5RELQ
)5$
(QIDQW
6//$=,(5$QQH
)5$
(QIDQW
6/'(6/$1'(66WpSKDQH
)5$
(QIDQW
6/9$1+2(6(5/$1'(-XOLH)5$
(QIDQW
6/)2851,(56pEDVWLHQ
)5$
(QIDQW
6*/$=,(5$QQH )5$
(QIDQW
6*0$1(3LHUDQGUHD
,7$
(QIDQW
6*27726621$QQD
6:(
(QIDQW
6*)2851,(56pEDVWLHQ
)5$
(QIDQW
*6026&$%$5%(5,63DROD,7$
(QIDQW
*6'$/&,1(PPDQXHO
)5$
(QIDQW
*6%5(&+80DULDQQH
)5$
(QIDQW
*602//,(52OLYLHU
)5$
(QIDQW
6*026&$%$5%(5,63DROD,7$
(QIDQW
6*3(5,1(76\OYDLQ
)5$
(QIDQW
6*%5(&+80DULDQQH
)5$
(QIDQW
6*&203$5(772/XGRYLFR ,7$
(QIDQW
6*'(1(5,$=$QWRLQH
)5$
(QIDQW
6*//25$&+*DsWDQ
)5$
(QIDQW
6/'85,9$8;<DQQLFN
)5$
(QIDQW
6///25$&+*DsWDQ
)5$
(QIDQW
6*'8/2,6'DQ\ )5$
(QIDQW
6*+8*8(7$QWRQ\
)5$
(QIDQW
6/&29,/,)UpGpULF
)5$
(QIDQW
6/+8*8(7$QWRQ\
)5$
(QIDQW
6*0$5,1&8'5$=)UpGpULF)5$
(QIDQW
6*6$1='DY\
)5$
(QIDQW
6/0$17&+(90
%8/
(QIDQW
6/6$1='DY\
)5$
(QIDQW
6*&+(1$/-RsO )5$
(QIDQW
6*78$,5(%UXQR )5$
(QIDQW
6/+8*8(7$QWRQ\
)5$
(QIDQW
6/78$,5(%UXQR )5$
(QIDQW
6*)$95(7/LRQHO
)5$
(QIDQW
6*,0(*/,2$QGUpD
)5$
(QIDQW
6/+8*8(7$QWRQ\
)5$
(QIDQW
6/3(55,1$OH[DQGUH
)5$
(QIDQW
6**,5$8'02,1(/LRQHO )5$
(QIDQW
6*%,$1&+,3DWULFH
)5$
(QIDQW
6/025$1'+XJXHV
)5$
(QIDQW
6/'89,//$5'$GULHQ
)5$
(QIDQW
6*),//,2/)UpGpULF
)5$
(QIDQW
6*'89,//$5'$GULHQ
)5$
(QIDQW
6/021*(//$=6WHSKDQH
)5$
(QIDQW
6/)/$-0$17RPD]
-8*
(QIDQW
6*%,$1&+,3DWULFH
)5$
(QIDQW
6*6&+,(/($UPDQG
)5$
(QIDQW
6/'8&-$&48(7$ODLQ
)5$
(QIDQW
6/52%,&6DVR
-8*
(QIDQW
6*6$/=*(%(55DLQHU
$87
(QIDQW
6*$/3+$1'/XF )5$
(QIDQW
6/6$/=*(5*(55DLQHU
$87
(QIDQW
6/$/3+$1'/XF )5$
(QIDQW
35(0,(5((',7,21'(/$6&$5$
3$/0$5(6VXLWH
-$1,&$ )RFXVVXUXQ
.267(/,& FUXH[FHSWLRQQHO
&52 /HPLOOpVLPHGHOD6&$5$IXWDVV€UpPHQWXQJUDQG
FUX-XJH]SOXW{W&HWWHDQQpHOjMHXQHVVNLHXVHVRQW
$1-$
3$(5621
6:(
GRPLQpOHVpSUHXYHVIpPLQLQHVFKDFXQHGDQVVDFDWp
JRULHG¶kJH(QHIIHW GHWDOHQWVSURPHWWHXUV HQ GHYH
QLU FHV GHX[ DWKOqWHV RQW FRQ¿UPp DYHF EULR TXHOTXHV
DQQpHV SOXV WDUG DX SOXV KDXW QLYHDX GX VNL PRQGLDO
&RXSHV GX PRQGH HW JOREHV GH FULVWDO SHWLWV HW JURV
JOREHVGXFODVVHPHQWJpQpUDOGHOD&RXSHGX0RQGH
PpGDLOOHVG¶RU2O\PSLTXHVHWPpGDLOOHVG¶RUDX[&KDP
SLRQQDWVGX0RQGHGHVNLULHQQ¶DUpVLVWpjOHXUWDOHQW
HWjOHXUVRLIGHYLFWRLUHV/¶XQHHVWVXpGRLVHHWO¶DXWUH
FURDWH(OOHVRQWWRXWHVGHX[GRPLQpSUHVTXHVDQVSDU
WDJHOHVNLPRQGLDOIpPLQLQGHOD¿QGHVDQQpHVDX[
DQQpHV
-DQLFD .267(/,& &52$7,( YDLQTXHXU GH OD
6&$5$HQ&DWpJRULH)LOOHV
$SUqVDYRLUJDJQpOD&RXSHGX0RQGHGH6ODORPDLQVL
TXHOHJOREHGHFULVWDOGHOD&RXSHGX0RQGHDXFODVVH
PHQWJpQpUDOHOOHDUpXVVLO¶H[WUDRUGLQDLUHH[SORLWGH
UHPSRUWHUPpGDLOOHV2O\PSLTXHVORUVGHV-HX[2O\PSLTXHVG¶+LYHUGH6DOW/DNH&LW\PpGDLOOHV
G¶RU XQH PpGDLOOH G¶DUJHQW (OOH D DXVVL UHPSRUWp PpGDLOOHV G¶RU 'HVFHQWH &RPELQp 6ODORP ORUV GHV
&KDPSLRQQDWVGX0RQGHGH6NL$OSLQGH%RUPLR,WDOLHHWFHDSUqVDYRLUJDJQpPpGDLOOHVG¶RUORUV
GHVPRQGLDX[GH6W0RULW]/RUVGXGpEXWGHVDLVRQ-DQLFDDUDMRXWpXQQRXYHOH[SORLW
jVRQLPSUHVVLRQQDQWSDOPDUqVHQpWDQWODqUH¿OOHjDYRLUJDJQpXQHpSUHXYHGH&RXSHGX0RQGHGDQVOHV
GLVFLSOLQHV'+6**66/(OOHYLHQWDXVVLGHV¶RIIULUQRXYHOOHVPpGDLOOHV2O\PSLTXHVjVDFROOHFWLRQORUV
GHV-HX[GH7XULQO¶RUGX&RPELQpHWO¶DUJHQWGX6XSHU*
-DQLFDUHPSRUWHOH*OREHGHFULVWDOGXFODVVHPHQWJpQpUDOGHOD&RXSHGXPRQGHGH6NL$OSLQDLQVL
TXHOHVJOREHVGHFULVWDOGX6ODORPHWGX&RPELQp5pFHPPHQWUHWUDLWpHGXFLUFXLWGHOD&RXSHGX0RQGH
-DQLFDHWVRQIUqUH,YLFDRQWFRQWULEXpjSRVLWLRQQHUOD&URDWLHDXVHLQGHO¶pOLWHGHVQDWLRQVGXVNLPRQGLDO
$QMD3$(562168('(YDLQTXHXUGHOD6&$5$HQ&DWpJRULH)LOOHV
$JDJQHUOHJOREHGXFULVWDOGHOD&RXSHGX0RQGHGH6ODORP*pDQWGXJOREHGHFULVWDOGHOD
&RXSHGX0RQGHDXFODVVHPHQWJpQpUDO(OOHDDXVVLGHUHPSRUWpPpGDLOOHVG¶RU6XSHU*6ODORP*pDQW
HWXQHPpGDLOOHG¶DUJHQW&RPELQpORUVGHV&KDPSLRQQDWVGX0RQGHGH6NL$OSLQGH%RUPLR,WDOLH
$QMDDUHPSRUWpPpGDLOOHV2O\PSLTXHVORUVGHV-HX[GH7XULQO¶RUGX6ODORPHWGHX[IRLVOHEURQ]H
HQ'HVFHQWHHWHQ&RPELQp
$QMDWHUPLQHqPHGXFODVVHPHQWJpQpUDOGHOD&RXSHGX0RQGHGH6NL$OSLQHWJDJQHOHJOREH
GHFULVWDOGX6ODORP*pDQW
/RUVGHV&KDPSLRQQDWVGX0RQGHjb5(HQIpYULHU$QMDUHPSRUWHPpGDLOOHV
G¶RUHQ'HVFHQWH'HVFHQWHGX&RPELQp6XSHU&RPELQpHW6XSHU*PpGDLOOH
G¶DUJHQWDX*pDQWHWPpGDLOOHGHEURQ]HDX6ODORP
/(63,67(6
'pSDUWV*6GH4XDLOL¿FDWLRQ
'pSDUWV6/),6
*$/(5,(3+2726
*$/(5,(3+2726
*$/(5,(3+2726
*$/(5,(3+2726
*$/(5,(3+2726
*$/(5,(3+2726
*$/(5,(3+2726
3$57(1$,5(6
/H &RPLWp G¶2UJDQLVDWLRQ GH /D 6&$5$VRXKDLWH UHPHUFLHU VHV SDUWHQDLUHV SRXUOHXU DLGH HW OHXU
VRXWLHQDSSRUWpVSRXUFHUWDLQVGHSXLVGHWUqVORQJXHVDQQpHV
6DQVHX[FHWWHFRXUVHQHVHUDLWSDVFHTX¶HOOHHVWGHYHQXHDQVDSUqVVDSUHPLqUHpGLWLRQjO¶RF
FDVLRQGHFHWWHDQQLYHUVDLUHQRXVWHQRQVWRXWSDUWLFLOLqUHPHQWjDVVRFLHUjFHVUHPHUFLHPHQWVWRXV
OHVEpQpYROHVVDQVTXLDXFXQHPDQLIHVWDWLRQVSRUWLYHQHSRXUUDLWDYRLUOLHX
3RXUGHYHQLUSDUWHQDLUHGHOD6&$5$RXWRXWVLPSOHPHQWSRXU
DYRLUGHSOXVDPSOHVLQIRUPDWLRQVYHXLOOH]QRXVFRQWDFWHU
&OXEGHV6SRUWV
5RXWHGHOD%DOPH±%3
9$/'¶,6(5(&HGH[
)5$1&(
7pO
)D[
(PDLOLQIR#YDOVSRUWRUJ
,QWHUQHWZZZYDOVSRUWRUJ