Presentation-OZEANYS-Cyril-CHECROUN

!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9(.5-0)*#8./-.%(.3#,%-,"
!"#$%&'()*+,-./-0.*'1"*'-,"02.1"#3&/&.
4&%*#5"(6,"-2.0-3)-,".1(37(5*85
!"#$%&!'()#*+,
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-.1"#3-00,0./:*'1"-00*#8
;83"-0
<,11#")
!"#3-00,0
/:*'1"-00*#8
=>%*8/"-0
@$A-3)*B.C.?&0,%)().D.;1"-,6-.3#8)"(3),-%%-
?&0,%)()
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9:&1"-,6-.3#8)"(3),-%%F./(80.,8.B%,G.*/&(%
E*34*-".14#)#
!"#3-00,0
/:&1"-,6(5!"#B*%
;1"-,6-.3#8)"(3),-%%-
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
;%($#"()*#8./,.1"#B*%
;83"-0
<,11#")
=>%*8/"-0
HB#"'.)-0)I
!"#3-00,0
/:&1"-,6(5-
!"#B*%
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0."-01#80($*%*)&0./,.14#)#5"(6-,"
F./(80.,8.B%,G.*/&(%
!
!
@$)-8*".%-."&0,%)().0#,4(*)&.1(".%-.3%*-8).0,".
%:&1"-,6-.3#8)"(3),-%%9:&1"-,6-.3#8)"(3),-%%-./#*)."-01-3)-".%-.1"#B*%
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0."-01#80($*%*)&0./,.5"(6-,"
!
!
J"(6-".%-0.3>%*8/"-0.(6-3.%-0.1("('K)"-0./-.
5"(6,"-.-).%-0.5"(/()*#80.1"&6,0.1(".%-.1"#B*%
!"#/,*"-.,8-.&1"-,6-.3>%*8/"-.3#8B#"'-.L.
%:&1"-,6-.3#8)"(3),-%%-./(80.%-0.3#8/*)*#80.
1"&6,-0.1(".%-.1"#B*%
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0."-01#80($*%*)&0./-.%:*'1"*'-,"
!
M'1"*'-"./(80.%-0.3#8/*)*#80.1"&6,-0.1(".%-.
1"#B*%.H0,11#")2.-83"-0NNNI
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
!-"'-))"-.%(.3#4&"-83M%.8:>.(.+,-./-,G.6#*-0.1#00*$%-0.1#,".1-"'-))"-.
)#,).3-3*.C
!
!
!-"'-))"-.%-./*(%#5,-.-8)"-.%-0.B#,"8*00-,"0.
H/(80.%:#"/"-I
E*G-".%-0.1("('K)"-0.H1"()*3($%-.0*.%:(5-83-.-0).
3#8)"(*8)-I
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0.1"#B*%0
9-.1"#B*%.-0).%(.3%&./-.%(.5-0)*#8./-.%(.3#,%-,"NNN
!
O.+,#*.P(.0-").Q
!
R,:-0)S3-.+,-.3:-0).Q
!
R,-%%-0.0#8).%-0.+,(%*)&0./:,8.1"#B*%.Q
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
O.+,#*.0-").,8.1"#B*%.Q
O.#$)-8*".%-."&0,%)().0(80.'-))"-.-8.#-,6"-.%-.
1"#3&/&
M8/*01-80($%-.-8.4&%*#.H0*',%()*#8.60N.
"-1"#/,3)*#8I
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
R,-0)S3-.+,-.3#8)*-8).,8.1"#B*%.Q
!
!
T8.1"#B*%.(88#83-.%-.1"#3&/&.H%(.UV"-3-))-VWI.C.
0,11#")2.-83"-02.1("('K)"-0./-.5"(6,"-2.
5"(/()*#80NNN.X.3#8/*)*#80.-G1&"*'-8)(%-0
T8.1"#B*%.1"&/*).%-."&0,%)()
X.'-0,"-0./-.3#8)"Y%-.H934.-).01-3)"(%-0I
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
R,:-0)S3-.+,:,8.1"#B*%.Q
!
!
T8.1"#B*%.-0).,8.3#8)"().H-85(5-'-8)./-.%(.1(").
/-.3-%,*.+,*.(.&%($#"&.%-.1"#B*%I.+,*./*).C.UV0*.6#,0.
(11%*+,-Z.%(."-3-))-2.6#,0.#$)*-8/"-Z.%-.
"&0,%)()VW
T8.1"#B*%.-0).,8.3(4*-"./-0.34("5-0.+,*.0:*'1#0-.
(,.14#)#5"(6-,".C.%:&1"-,6-.3#8)"(3),-%%-./#*).
[)"-.3#8B#"'-.L.%(.1(")*-.'-0,"-0./-.3#8)"Y%-.
/,.1"#B*%
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
=-.+,-.8:-0).1(0.%-.1"#B*%
!
!
T8-."-3-))-.+,*./*).3#''-8).#$)-8*".,8-.
&1"-,6-.3#8)"(3),-%%-.3#8B#"'T8.#,)*%.+,*.)"(80B#"'-./-0.-01(3-0.
3#%#"*'&)"*+,-0.H+,*.3#86-")*)./,.?J\.-8.=]^_.
1(".-G-'1%-I
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
R,-%%-0.+,(%*)&0.1#",".,8.1"#B*%.Q
!
;)"-.0,BB*0(8)
!
;)"-.'*8*'(%
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-.14#)#5"(6-,"NNN
NNN8-.3#88(`).1(0.)#,A#,"0.%-.1"#B*%.L.(11%*+,-"N
@8.1-,).3-1-8/(8).-G*5-".C
!
!
%(.-#./.0$%$-1./(80.abbc./-0.3(0
9:,)*%*0()*#8./:,8.1"#B*%.UV0)(8/("/VW.4&%*#2.0*.%-.
1"#3&/&.-0).3#88,
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9(.5-0)*#8./-.%(.3#,%-,"
!"#$%&'()*+,-./-0.*'1"*'-,"02.1"#3&/&.
4&%*#5"(6,"-2.0-3)-,".1(37(5*85
!"#$%&!'()#*+,
6
\#8A#,"2
!#,".3-,G.+,*.8-.'-.3#88(*00-8).1(02.A-.'-.1"&0-8)-.-8.+,-%+,-0.'#)02.(83*-8./-.
!(5#"(.H;E!JI2.1(1-)*-".1-8/(8)./-,G.(802..1,*0.*'1"*'-,".H*85&8*-,".1"#3-00.#BB0-).
-)./*"-3)-,".(/A#*8).4-%*#./(80.%:&/*)*#8I.1-8/(8).d2.-).-8B*8.5"(6-,"./-1,*0.eN.!#,".%(.
)"#*0*K'-.(88&-.3#80&3,)*6-2.34("5&./-.%:-80-*58-'-8)./-.%(.Jf=.(,G.&%K6-0.
*85&8*-,"0.-8.)"#*0*K'-.(88&-.L.!(5#"(.N
M%.0:(5*).*3*./:,8-.1"&0-8)()*#8.0,33*83)-./-.%(.1"#$%&'()*+,-./-.H-80-'$%-./-0.1"#$%K'-0.
0#,%-6&0.1("I..%(.Jf=.1#,".%-0.*'1"*'-,"0.4&%*#./,.1(37(5*85N
g-.'-.1%(3-./,.1#*8)./-.6,-./-0.*'1"*'-,"02.3(".-8.3(0./-.'(,6(*0-.5-0)*#8./-.%(.
3#,%-,"2.3:-0).)#,A#,"0.%:*'1"*'-,".+,*.-0).UV1%(8)&VW.L.%(.B*8N
h&%*#2.1("3-.+,-.!"#h&%*#
!(37(5*852.1("3-.+,-.3:-0).%L.+,-.%-0.1"#$%K'-0.0#8).%-0.1%,0.*8)&"-00(8)0.H/(80.%:&/*)*#8.
#8."-0)-.-8.+,(/"*.-).#8.,)*%*0-.,8.8#'$"-.%*'*)&./-.0,11#")0IN
=-%(./*)2."*-8./-.3-.+,-.A-.6(*0.6#,0.-G1#0-".8:-0).B(,G.1#,".%-0.(,)"-0.0-3)-,"0.#,.
1"#3&/&0N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-.1"#3-00,0./:*'1"-00*#8
;83"-0
<,11#")
!"#3-00,0
/:*'1"-00*#8
?&0,%)()
=>%*8/"-0
@$A-3)*B.C.?&0,%)().D.;1"-,6-.3#8)"(3),-%%-
4
1"#3-00,0.C.3-.8:-0).1(0.1#,".B(*"-.1&/(8)2.%-.'#).-0)./:(*%%-,"0.3#80(3"&./(80.%-0.
8#"'-0.M<@.ibbb./-1,*0.ab.(802.UV+,-%+,-.34#0-.+,*.)"(80B#"'-./-0.-8)"&-0.-8.
0#")*-0VWN
g-.'-.1%(3-./,.1#*8)./-.6,-./,.3#8/,3)-,"2.-).8-.':*8)&"-00-.-8.-8)"&-.+,:(,G.
1("('K)"-0.+,*.#8).,8-.*8B%,-83-.0,".%(.3#,%-,".-).0,".%-0+,-%0.%-.3#8/,3)-,".8:(.1(0.
/-.%-6*-"0./:(3)*#80N
g-.'-)0./#83.6#%#8)(*"-'-8)./-.3Y)&.)#,0.%-0."&5%(5-0.*'1"*'-,"0.H34#*G./-0."(3%-02.
(85%-2.1"-00*#82./-0.1"-00-,"02.6*)-00-./-.%(.'(34*8-2.6*03#0*)&./-0.-83"-02.-)3NI
9(.0-,%-.1"&#33,1()*#8./-.%:*'1"*'-,"./#*).[)"-.%-."&5%(5-.-).%(.3#8/,*)-./-.0(.'(34*8-.
1#,".#$)-8*".%-.1%,0.$-(,."&0,%)().%-.1%,0.6*)-.1#00*$%-2.(6-3.,8.'*8*','./-.5j34-N
=-3*.-0).1#00*$%-NNN
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9:&1"-,6-.3#8)"(3),-%%F./(80.,8.B%,G.*/&(%
E*34*-".14#)#
!"#3-00,0
/:&1"-,6(5-
;1"-,6-.3#8)"(3),-%%-
!"#B*%
2
!(")*.1"*0.C.B(*"-.1(")*".%(.Jf=./,.14#)#5"(6-,".1("3-.+,-.3:-0).L.3-))-.&)(1-.+,-.0#8).
34#*0*-0.%-0.-83"-0.-8.1"*83*1-N
f(80.,8-.6*0*#8.&%("5*-2.#8.1-,).'-))"-.-8.1%(3-./-0.#,)*%0.1#,".3#''-83-".-8.('#8)2.
'(*0.-83#"-.,8-.B#*0.#8.0-.1%(3-.*3*./(80.%-.3(/"-./-.%:4&%*#.1(37(5*85.+,*.1#,"./-0.
"(*0#80.+,-.8#,0.8-./&6-%#11-"#80.1(0.*3*.8-.1-,).B#83)*#88-".+,-.3#''-.P(.H3BN.
6*/-.8#"'()*BI
g-."-6*-8/"(*.0,".%-.1"#B*%.1%,0.-8./&)(*%0./(80.+,-%+,-0.*80)(8)02.'(*0.#8.1-,)./*"-.-8.
1"-'*K"-.(11"#G*'()*#8NNN
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
;%($#"()*#8./,.1"#B*%
;83"-0
<,11#")
!"#3-00,0
/:&1"-,6(5-
!"#B*%
=>%*8/"-0
HB#"'.)-0)I
9
NNN%-.1"#B*%./:*'1"-00*#8.1-,).[)"-.3#80*/&"&.3#''-.,8-.3("(3)&"*0()*#8./,.1"#3-00,0.
/:*'1"-00*#8N
;8.1"()*+,-2.%-.1"#B*%.-0).0#,6-8).#$)-8,.1(".%-.$*(0./:,8.UVB*85-"1"*8)VW.#,.UVB#"'.)-0)VW2.
$*-8.+,:*%.-G*0)-.(,A#,"/:4,*./-0.'&)4#/-0.$-(,3#,1.'#*80.%#,"/-0N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0."-01#80($*%*)&0./,.14#)#5"(6-,"
F./(80.,8.B%,G.*/&(%
!
!
@$)-8*".%-."&0,%)().0#,4(*)&.1(".%-.3%*-8).0,".
%:&1"-,6-.3#8)"(3),-%%9:&1"-,6-.3#8)"(3),-%%-./#*)."-01-3)-".%-.1"#B*%
:
O.1(")*"./:*3*.#8.0-.1%(3-./(80.%-.3(0./:,8.B%,G.*/&(%2.1#,"./-,G."(*0#80.C
S.P(.1-"'-)./-.1"&0-8)-".+,-%+,-.34#0-./#8).#8.0(*).+,-.P(.'("34-.)"K0.$*-8
S.,8-.B#*0.+,-.%-.3(0.*/&(%.-0).$*-8.3#'1"*02.*%.-0).1%,0.B(3*%-./-.3#'1"-8/"-.%-0.
3#'1"#'*0.#,.%-0."*0+,-0.+,-.%:#8.1"-8/.%#"0+,-.%:#8.0:&%#*58-./-.3-.3(0.*/&(%N
@8.8-.0:*8)&"-00-.*3*.+,:(,."-01#80($*%*)&0.-8.)-"'-0./-.3#,%-,"
!*22(,-&31#$4$(#&%.&5+.%$-1&6(&%718#(+3(&)*,-#.)-+(%%(&9
=:-0).%-.1"-'*-".1"#$%K'-.+,*.0-.1#0-.L.%:*'1"*'-,"
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0."-01#80($*%*)&0./,.5"(6-,"
!
!
J"(6-".%-0.3>%*8/"-0.(6-3.%-0.1("('K)"-0./-.
5"(6,"-.-).%-0.5"(/()*#80.1"&6,0.1(".%-.1"#B*%
!"#/,*"-.,8-.&1"-,6-.3>%*8/"-.3#8B#"'-.L.
%:&1"-,6-.3#8)"(3),-%%-./(80.%-0.3#8/*)*#80.
1"&6,-0.1(".%-.1"#B*%
;
?-'("+,-.*'1#")(8)-.C.#8.0,11#0-.+,-.%-.B*34*-"./-.14#)#5"(6,"-.8:(.1(0.&)&.'#/*B*&.
1(".(,)"-.34#0-.+,-./-0.5"(/()*#80N
!-)*)-.1("-8)4K0-.0,".%:&1"-,6(5-.-8.'(34*8-.L.-00(*.C.3#8)"(*"-'-8).(,G.*/&-0."-P,-02.
*%.-0).1("B(*)-'-8).1#00*$%-./:#$)-8*".%(.'['-.*'1"-00*#8.0,".,8-.1"-00-.L.-00(*.+,*.
)#,"8-.L.kb'l'*8.+,-.0,".,8-.1"-00-./-.1"#/,3)*#8.L.kbb'l'*8N
9-.0-3"-).3:-0).+,:*%.8-.B(,).1(0.,)*%*0-".%(.'['-.B#"',%-./:-83"-N.=4(+,-.'(34*8-.(.0-0.
"&5%(5-0.#1)*'(,G2.3-,G.+,*.1-"'-))-8)./:#$)-8*".%(.'-*%%-,"-.*'1"*'($*%*)&.m.3-%(.B*G-.
-8)"-.(,)"-.%(.6*03#0*)&./-0.-83"-0N
<34&'()+,-'-8)2.,8-.-83"-.4&%*#.-0).3#'1#0&./-.$(0-.1*5'-8)(*"-2./-.6-"8*0.-)./-.
0#%6(8)N
!#,".,8.'['-./&1#)2.%(.3#83-8)"()*#8./#*).[)"-.%(.'['-2.3:-0)SLS/*"-.'['-.+,(8)*)&./-.
$(0-.1*5'-8)(*"-.1("."(11#").(,.)#)(%N.9(.6*03#0*)&.-0).(A,0)&-.-8.34(85-(8).%-.
"(11#").6-"8*0l0#%6(8)N
!*22(,-&31#$4$(#&%.&5+.%$-1&6(:&)"%$,6#(:&9
=:-0).%-./-,G*K'-.1"#$%K'-.+,*.0-.1#0-.L.%:*'1"*'-,"N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0."-01#80($*%*)&0./-.%:*'1"*'-,"
!
M'1"*'-"./(80.%-0.3#8/*)*#80.1"&6,-0.1(".%-.
1"#B*%.H0,11#")2.-83"-0NNNI
<
;:-<)(&5+(&2*,&:+88*#-&(:-&)*,4*#2(&9
;:-<)(&5+(&%(:&(,)#(:&:*,-&0$(,&8#18.#1(:&9
=$<>(&67.+-#(:&8#*0%?2(:&6(&#1@%.@(&5+$&.+#.$(,-&6(&%7$,4%+(,)(&:+#&%.&)*+%(+#&9
n#*%L.'(*8)-8(8).1#0&-.%(.1"#$%&'()*+,-./-.%:*'1"*'-,"N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
!-"'-))"-.%(.3#4&"-83M%.8:>.(.+,-./-,G.6#*-0.1#00*$%-0.1#,".1-"'-))"-.
)#,).3-3*.C
!
!
!-"'-))"-.%-./*(%#5,-.-8)"-.%-0.B#,"8*00-,"0.
H/(80.%:#"/"-I
E*G-".%-0.1("('K)"-0.H1"()*3($%-.0*.%:(5-83-.-0).
3#8)"(*8)-I
=
9-.B*%.3#8/,3)-,"./-.8#0.1"&0-8)()*#80.3-.'()*8.-0).+,-.%(.Jf=.8-.1-,).1(0.0:#1)*'*0-".
'(*%%#8.1(".'(*%%#82.%-0."&0,%)()0.8-.0:#$)*-88-8).+,-.1(".%(.3#4&"-83-./-.%:-80-'$%-N
!#,"."&1#8/"-.L.3-0.+,-0)*#802.#8.3#'1"-8/.$*-8.+,-.%(.3#'',8*3()*#8.H/,.1"#B*%2./-0.
B#"',%-0NNNI.-0).1"*'#"/*(%-N
M%.0:(5*)./#83.$*-8./:(6#*".,8.%(85(5-.3#'',8
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-0.1"#B*%0
9-.1"#B*%.-0).%(.3%&./-.%(.5-0)*#8./-.%(.3#,%-,"NNN
!
O.+,#*.P(.0-").Q
!
R,:-0)S3-.+,-.3:-0).Q
!
R,-%%-0.0#8).%-0.+,(%*)&0./:,8.1"#B*%.Q
>
O.34(+,-.B#*0.+,-.%:#8.1("%-./-.5-0)*#8./-.%(.3#,%-,"2.#8.-8.6*-8).*''(8+,($%-'-8).L.
1("%-"./-.1"#B*%0N
9(.1%,1(")./:-8)"-.6#,0.0(6-8)./&AL.3-./#8).*%.0:(5*)2.'(*0.0*.A-.':(',0(*0.L.6#,0.1#0-".%(.
+,-0)*#8.*8/*6*/,-%%-'-8)2.#8.0:(1-"3-6"(*).+,:*%.8:>.(.1(0.,8-./&B*8*)*#8.,8*+,-.0,".
%(+,-%%-.)#,).%-.'#8/-.0:(33#"/-.HA-.%-.0(*02.A-.%:(*./&AL.B(*)I
g-.6#,0.1"#1#0-./#83.(6(8)./:(%%-".1%,0.%#*8./-.8#,0."-1#0-".d.+,-0)*#80.0*'1%-0.-).
/:-00(>-"./:>.(11#")-"./-0."&1#80-0.0*'1%-02.+,-.)#,).%-.'#8/-.3#'1"-88-N.9(.
1"-'*K"-.&)(1-.1#,".$*-8.3#'',8*+,-".-8)"-.(3)-,"0./-.%(.34(`8-.5"(14*+,-2.3:-0)./-.
1("%-".%-.'['-.%(85(5-N
g:*80*0)-.0,".%-.B(*).+,:*%.>.(./*BB&"-8)0.#$A-)0.+,*.1-,6-8).0:(11-%-".)#,).(,00*.%&5*)*'-'-8).
UV1"#B*%VW.H6#,0.(6-Z.3-")(*8-'-8)./&AL.-8)-8/,.1("%-"./-.1"#B*%.M==2.#,.J]J.'Gk.#,.
'Gd2.A-.8-.6(*0.1(0.)#,0.%-0.3*)-"I2.'(*0.+,:*3*.A-.'-.3#83-8)"-.,8*+,-'-8).0,".3-%,*.
+,*./#*).[)"-.3#'',8*+,&2.-).+,*.1-"'-).%-.3#8)"Y%-.+,(%*)&N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
O.+,#*.0-").,8.1"#B*%.Q
O.#$)-8*".%-."&0,%)().0(80.'-))"-.-8.#-,6"-.%-.
1"#3&/&
M8/*01-80($%-.-8.4&%*#.H0*',%()*#8.60N.
"-1"#/,3)*#8I
65
=-3*.8#,0."('K8-.L.%:&1"-,6-.3#8)"(3),-%%-.H3:-0).%(./&B*8*)*#8IN.h*0)#"*+,-'-8)2.3-))-.
&)(1-.8:(.1(0.-G*0)&.)#,)./-.0,*)-2.#8.3(%(*).-8.'(34*8-.A,0+,:L.%:#$)-8)*#8./:,8.\OoN.
;).1,*0.1#,"./-0."(*0#80.&3#8#'*+,-0.&6*/-8)-02.#8.(./&6-%#11&./-0.]O;2.1,*0./-0.
0>0)K'-0./:&1"-,6(5-.)#,A#,"0.'#*80.3#p)-,G.-).1%,0.B(3*%-0.L.'-))"-.-8.#-,6"-N
<,".3-.1#*8)2.%:#BB0-).(.&)&.$-(,3#,1.1%,0.6*)-.+,-.%:4&%*#.1#,".,8-."(*0#8.0*'1%-.C.%-.
1"#3&/&.-0).B(3*%-'-8).UV"-1"#/,3)*$%-VW.X.1"*83*1-./,.="#'(%*8N.=:-0).%:,8-./-0.
"(*0#802.(6-3.%(.)(*%%-./,.'("34&2.+,*.-G1%*+,-.+,-.%:4&%*#.(*).&)&.%-.1("-8).1(,6"-./-.%(.
5-0)*#8./-.%(.3#,%-,"N
O,A#,"/:4,*.#8.8-.6-,).1%,0.0-,%-'-8).1"&/*"-.%-."&0,%)().(6(8)./-.3(%-".34-Z.%:*'1"*'-,"2.
#8.6-,).%-.B(*"-.(6(8)./-.5"(6-".H\OJI
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
R,-0)S3-.+,-.3#8)*-8).,8.1"#B*%.Q
!
!
T8.1"#B*%.(88#83-.%-.1"#3&/&.H%(.UV"-3-))-VWI.C.
0,11#")2.-83"-02.1("('K)"-0./-.5"(6,"-2.
5"(/()*#80NNN.X.3#8/*)*#80.-G1&"*'-8)(%-0
T8.1"#B*%.1"&/*).%-."&0,%)()
X.'-0,"-0./-.3#8)"Y%-.H934.-).01-3)"(%-0I
66
9-0.3##"/#88&-0.9=4.#8).%:(6(8)(5-./-.1-"'-))"-.%-.3#8)"Y%-.0*'1%-.0(80.#,)*%.
01&3*B*+,-.H#8.1#,""(*).(,00*.34#*0*".9($.#,.q^r2.%:(6(8)(5-./,.9=4.3:-0).%-.3Y)&.
*8),*)*B./-.%(."-1"&0-8)()*#8I
9-0.3#,"$-0.01-3)"(%-0.0#8).*8/*01-80($%-0.1#,".B(*"-./-0.*8)-"1#%()*#80./-.+,(%*)&.-).
/-0.1"&/*3)*#80.0,"./-0.1-)*)0.8#'$"-0./-.'-0,"-N
!("-8)4K0-.0,".%-0.3#,"$-0.01-3)"(%-0.-).%-0.'#/K%-0.C.;*80)-*8./*0(*).UV%(.)4&#"*-.3:-0).
+,(8/.#8.0(*).)#,).-).+,-."*-8.8-.B#83)*#88-2.%(.1"()*+,-.3:-0).+,(8/.)#,).B#83)*#88-.
'(*0.+,-.1-"0#88-.8-.0(*).1#,"+,#*VWN.;8.5-0)*#8./-.%(.3#,%-,".%-0./-,G.(11"#34-0.
0-.0#8).#11#0&-0.(,00*.C.%(.UV1"()*+,-VW.3#80*0)(*).L.)#,).'-0,"-".HJ]JI2.%(.)4&#"*-.
-%%-2.-G*0)(*)./-1,*0.%-0.(88&-0.kb.'(*0.%-0.3(%3,%0.8&3-00*)(*).,8-.1,*00(83-./-.
3(%3,%.8#8./*01#8*$%-N.9(./&'#3"()*0()*#8./-0.01-3)"#02.%-0.1"#5"K0./-.%:*8B#"'()*+,-.
-).%(.8,'&"*0()*#8.#8)."-8/,.1#00*$%-.%:-G1%#*)()*#8./-0.'#/K%-0.)4&#"*+,-02.-).
(,A#,"/:4,*2.8#8.0-,%-'-8).#8.3#'1"-8/.1"-0+,-.)#,).'(*0.-8.1%,0.P(.'("34-.s
X.f-,G.&34(8)*%%#80./-.34(+,-.3#,%-,".0#8).5&8&"(%-'-8).0,BB*0(8)0.1#,"."-3#80)*),-".
%:*'(5-
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
R,:-0)S3-.+,:,8.1"#B*%.Q
!
!
T8.1"#B*%.-0).,8.3#8)"().H-85(5-'-8)./-.%(.1(").
/-.3-%,*.+,*.(.&%($#"&.%-.1"#B*%I.+,*./*).C.UV0*.6#,0.
(11%*+,-Z.%(."-3-))-2.6#,0.#$)*-8/"-Z.%-.
"&0,%)()VW
T8.1"#B*%.-0).,8.3(4*-"./-0.34("5-0.+,*.0:*'1#0-.
(,.14#)#5"(6-,".C.%:&1"-,6-.3#8)"(3),-%%-./#*).
[)"-.3#8B#"'-.L.%(.1(")*-.'-0,"-0./-.3#8)"Y%-.
/,.1"#B*%
64
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
=-.+,-.8:-0).1(0.%-.1"#B*%
!
!
T8-."-3-))-.+,*./*).3#''-8).#$)-8*".,8-.
&1"-,6-.3#8)"(3),-%%-.3#8B#"'T8.#,)*%.+,*.)"(80B#"'-./-0.-01(3-0.
3#%#"*'&)"*+,-0.H+,*.3#86-")*)./,.?J\.-8.=]^_.
1(".-G-'1%-I
62
9(.%*0)-.1#,""(*).[)"-.)"K0.%#85,-2.A-.8-.1("%-.*3*.+,-./-0.3#8B,0*#80.#,.(00*'*%()*#80.
3#,"(''-8)."-83#8)"&-0N
M%.8-.B(,).1(0.3#8B#8/"-.1"#B*%.-).0>0)K'-./:&1"-,6(5-.#,.?M!.#,.B*34*-"./-.3(%*$"()*#8N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
R,-%%-0.+,(%*)&0.1#",".,8.1"#B*%.Q
!
;)"-.0,BB*0(8)
!
;)"-.'*8*'(%
69
<,BB*0(8).C.0*.%-.1(37.3#8)*-8).t.3#,%-,"02.%-.1"#B*%./#*)./&B*8*".%-0.t.3#,%-,"0
]*8*'(%.C.1#,".[)"-.#1&"()*#88-%2.%-.1"#B*%.8-./#*).3#8)-8*".+,-.%-.0)"*3).'*8*','2.-).
1#,6#*".[)"-.3#80,%)&.1(".8:*'1#")-.+,*./(80.%(.34(`8-.5"(14*+,-.0(80.#,)*%.01&3*B*+,-N
!
!
!
!
"#$$%&&%#'!()*+'%,-)!./#0)1%#!2!3-%'!4565
.78#/7
9-.14#)#5"(6-,"NNN
NNN8-.3#88(`).1(0.)#,A#,"0.%-.1"#B*%.L.(11%*+,-"N
@8.1-,).3-1-8/(8).-G*5-".C
!
!
%(.-#./.0$%$-1./(80.abbc./-0.3(0
9:,)*%*0()*#8./:,8.1"#B*%.UV0)(8/("/VW.4&%*#2.0*.%-.
1"#3&/&.-0).3#88,
6:
9-.14#)#5"(6-,"./(80.%-.'#8/-."&-%.8-.3#88(`).1(0.)#,A#,"0.%-.1"#B*%.L.(11%*+,-"N.<*.%-.
/#88-,"./:#"/"-.8-.%,*.(.1(0.1"&3*0&.+,*.(%%(*).*'1"*'-"2.+,-.%:*'1"*'-,".#,.%-.5"(6-,".
8-.%,*.#8).1(0.3#'',8*+,&.%-.1"#B*%2.*%.8-.1-,).1(0.B#,"8*".,8-.&1"-,6-.3#8)"(3),-%%-.
/(80.%-0."K5%-0./-.%:(")N
@8.1-,).3-1-8/(8).-G*5-".,8.)"(P($*%*)&./(80.abbc./-0.3(02.3:-0)SLS/*"-./-'(8/-".+,-.
%-.14#)#5"(6-,".3#'',8*+,-.%-.1"#B*%.,)*%*0&.(6-3.0#8.&1"-,6-.1#,".1-"'-))"-.(,G.
(,)"-0.(3)-,"0./-.%*'*)-".L.'#*8/"-.B"(*0.%:*83#4&"-83-.*8)"#/,*)-N
@8.1-,)./:(,)"-.1(").*'(5*8-".,8.1"#B*%.H#,./-0.1"#B*%0I.u0)(8/("/u2.%(.3#86-"0*#8./:,8.
1"#B*%.4&%*#.L.,8.(,)"-.1"#B*%.4&%*#.&)(8).1%,0."(*0#88($%-.+,:,8-.3#86-"0*#8.#BB0-).H#,.
*83#88,I.6-"0.%:4&%*#.H5("/-SB#,.3#8)"-.%-0.3(0.1()4#%#5*+,-0I
SSSSSSSSSSSSSSSSSSSSSSSSSSS.!(,0-.+,-0)*#80.l."&1#80-0.SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
o"(80*)*#8.6-"0.%(.1"&0-8)()*#8./-.E"(8P#*0-.C
!#,".3#83%,"-.0,".%(.1"#$%&'()*+,-./-.%(.5-0)*#8./-.%(.3#,%-,".1#,".%-0.*'1"*'-,"02.A-.
6#,/"(*0."-6-8*".0,".,8-."-85(*8-.+,-.%:#8.-8)-8/.$-(,3#,12.'(%4-,"-,0-'-8).
0#,6-8).L."(*0#8.C.UV%-./#88-,"./:#"/"-.8-.6-,)."*-8.0(6#*"2.*%.(34K)-.,8-.+,(%*)&.L.,8.
1"*G./#88&2.-).%-0.B#,"8*00-,"0.0-./&$"#,*%%-8).0*%-83*-,0-'-8).0:*%0.6-,%-8).%-.
'("34&VWN.=-))-.0*),()*#8.&6#%,-2.-).A-.6(*0.%(*00-".E"(8P#*0-.=#,/-")./:;07#.6#,0.
'#8)"-".+,-.3-")(*80./#88-,"0./:#"/"-.#8)./&AL.(/#1)&.,8-.(11"#34-.1%,0.5%#$(%-.
1#,".%-,"0.3#,%-,"0./-.'("+,-NNN