Slide 1

Slide 1 text

0VS'JHIU"HBJOTU 4VQFS#BE1BUUFSOTJO -FHBDZ3BJMT"QQT :BTVLP0ICB !OBZ &WFSZMFBG$PSQ

Slide 2

Slide 2 text

:BTVLP0ICB େ৔ೡࢠ !OBZ -JWJOHJO5PLZP +BQBO "QSPHSBNNFS 3VCZPO3BJMTTJODF +BWB $ 0CKFDUJWF$ 1)1ʜ 1SFTJEFOUPG&WFSZMFBG$PSQ

Slide 3

Slide 3 text

͓͓͹͞Μ PPCBTBO PICBTBO

Slide 4

Slide 4 text

͓͓͹͞Μ PPCBTBO PICBTBO ͓͹͞Μ PCBTBO

Slide 5

Slide 5 text

͓͓͹͞Μ PPCBTBO PICBTBO ͓͹͞Μ PCBTBO ͓͹͋͞Μ PCBBTBO

Slide 6

Slide 6 text

&WFSZMFBG$PSQ ສ༿ 8FEFWFMPQXFCBQQMJDBUJPOTGPSPVS DMJFOUTVTJOHNPTUMZ3VCZPO3BJMT 4JODF BMNPTUZFBST QFPQMF BSFXPNFO BSFXPNFO JOFOHJOFFSJOH

Slide 7

Slide 7 text

*TUBSUFEUIFDPNQBOZGPS NZTFMGUPLFFQDPEJOH

Slide 8

Slide 8 text

4UJDLFST #PPLNBSLT

Slide 9

Slide 9 text

.ZGBNJMZ

Slide 10

Slide 10 text

.Z)PCCZ $BSUBʢ͔Δͨʣ

Slide 11

Slide 11 text

8FIBWFQSPEVDUT 5IF+BQBOFTF1PFNT

Slide 12

Slide 12 text

5IFpSTUUJNFUP 7JTJU4JOHBQPSF "UUFOE3FE%PU3VCZ$POG 5SBWFMUPBGPSFJHODPVOUSZBMPOF )BWFBO&OHMJTIUBMLMPOHFSUIBO -JHIUOJOH5BMLT )FMMP 4JOHBQPSF

Slide 13

Slide 13 text

$BVUJPO *NJHIUTBZ&FF ͑ʔ .BB ·͋ JOTUFBEPG8FMM ʜ *NJHIUTBZ5FO ఺ JOTUFBEPG 1PJOUGPSOVNCFST *IBWFBMPUPGTMJEFT

Slide 14

Slide 14 text

0VUMJOF 8IBUXFHFOFSBMMZIBWFUPEP UPVQHSBEF3VCZBOE3BJMTJO MFHBDZBQQMJDBUJPOT *OUSPEVDUJPOPGTVQFSCBE QBUUFSOTXF`WFGPVOE

Slide 15

Slide 15 text

3VCZ3BJMT .JHSBUJPO 6QHSBEJOH IUUQTXXXqJDLSDPNQIPUPT!/

Slide 16

Slide 16 text

2)PXNBZ QFPQMFIBWFVTFE 3BJMT

Slide 17

Slide 17 text

2)PXNBOZ QFPQMFIBWF FYQFSJFODFEUIF NJHSBUJPOGSPN 3BJMTUP

Slide 18

Slide 18 text

3BJMTIBECFFO VTFEXJEFMZ JO+BQBOBUMFBTU

Slide 19

Slide 19 text

.BOZPME3BJMT BQQMJDBUJPOTSFNBJO XBJUJOHUPCFVQHSBEFE IUUQTXXXqJDLSDPNQIPUPTNBTIB@L@TI

Slide 20

Slide 20 text

4P LOPXJOHBCPVU IPXUPVQHSBEF 3VCZ3BJMTDBO CFTPNFIFMQ GPSUIBUTJUVBUJPO IUUQTXXXqJDLSDPNQIPUPTUSFFTBOUPT

Slide 21

Slide 21 text

*TJUQPTTJCMF

Slide 22

Slide 22 text

*TJUQPTTJCMF &WFO XJUI OP BVUP UFTUJOH

Slide 23

Slide 23 text

*TJUCFUUFSUP EFWFMPQBO BQQMJDBUJPO GSPNTDSBUDI

Slide 24

Slide 24 text

*UDPVMECF #VUOPUBMXBZT

Slide 25

Slide 25 text

"OFYJTUJOH TZTUFN CFJOHVTFE SFqFDUT JUTSFBMOFFET

Slide 26

Slide 26 text

:PVDBOOFWFS SFNPWFJUTFTTFOUJBM DPNQMFYJUZCZ QSPHSBNJOH UFDIOJRVFT

Slide 27

Slide 27 text

5IBUTXIZ NJHSBUJPOBOE SFGBDUPSJOH NBLFTFOTF

Slide 28

Slide 28 text

-FUTMPPLBU IPXUPVQHSBEF 3VCZ3BJMT

Slide 29

Slide 29 text

0VS$BTF

Slide 30

Slide 30 text

0VS"QQMJDBUJPOT ,JOEPGIFBMUIDIFDLTFSWJDF #UP# )BOEFEPWFSUPPVSDPNQBOZ GSPNUIFPUIFSEFWFMPQNFOU DPNQBOZXIJDIPSJHJOBMMZ EFWFMPQFEUIFTZTUFN

Slide 31

Slide 31 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ

Slide 32

Slide 32 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ %SBXJUBXBZ GSPN 3BEJBOU$.4

Slide 33

Slide 33 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ 6QHSBEJOH 3BJMT3VCZ %SBXJUBXBZ GSPN 3BEJBOU$.4

Slide 34

Slide 34 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST .FSHF 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ 6QHSBEJOH 3BJMT3VCZ %SBXJUBXBZ GSPN 3BEJBOU$.4

Slide 35

Slide 35 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST .FSHF 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ 6QHSBEJOH 3BJMT3VCZ 3FGBDUPSJOH %SBXJUBXBZ GSPN 3BEJBOU$.4

Slide 36

Slide 36 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST .FSHF 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ 6QHSBEJOH 3BJMT3VCZ 3FGBDUPSJOH %SBXJUBXBZ GSPN 3BEJBOU$.4 "/$*&/5$0%&

Slide 37

Slide 37 text

"QQ BENJO "QQ GPSFOEVTFST "QQ GPSFOEVTFST .FSHF 3BJMT 0VS1SPKFDU(PBM 3BJMT3VCZ 6QHSBEJOH 3BJMT3VCZ 3FGBDUPSJOH "EE 'FBUVSFT %SBXJUBXBZ GSPN 3BEJBOU$.4 "/$*&/5$0%&

Slide 38

Slide 38 text

5PUBM4DIFEVMF "VHVTU.BZ NPOUIT QFPQMF .JHSBUJPO 3FGBDUPSJOH /FX 'FBUVSFT" /FX 'FBUVSFT# QMBOOJOHEFTJHOJOH CZPVSDMJFOU PVSEFTJHOJOHBOE JNQMFNFOUBUJPO JOUFHSBUJPOUFTUJOH CZBQBSUOFSDPNQBOZ

Slide 39

Slide 39 text

.BQPG3BJMT.JHSBUJPO 3BJMT

Slide 40

Slide 40 text

.BQPG3BJMT.JHSBUJPO 3BJMT 3BJMT

Slide 41

Slide 41 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT

Slide 42

Slide 42 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT

Slide 43

Slide 43 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 44

Slide 44 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT 3BJMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 45

Slide 45 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 3BJMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 46

Slide 46 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 3BJMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 47

Slide 47 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 3BJMT 5IF4USPOH1BSBNFUFST'BMMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 48

Slide 48 text

.BQPG3BJMT.JHSBUJPO 3BJMT 5IF3JWFSPG5FBST 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 4BGF 3BJMT 5IF4USPOH1BSBNFUFST'BMMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 49

Slide 49 text

.JHSBUJPO4DIFEVMF "QQ UP3BJMT UP3VCZ UP3BJMT UP3BJMT "QQ UP3BJMT UP3VCZ UP3BJMT UP3BJMT 'JMF6QMPBEJOH 1BHJOBUJPO &NBJM4FOEJOH #BDLHSPVOE1SPHSBNT 'SPN3BJMT3VCZ

Slide 50

Slide 50 text

#VSEFOCFGPSF EFGBVMUSPVUFNBQQJOH IUUQTXXXqJDLSDPNQIPUPTU[FKFO NBQDPOOFDUDPOUSPMMFSBDUJPOJE

Slide 51

Slide 51 text

#VSEFOCFGPSF EFGBVMUSPVUFNBQQJOH IUUQTXXXqJDLSDPNQIPUPTU[FKFO NBQDPOOFDUDPOUSPMMFSBDUJPOJE SFTPVSDFTVTFST SFTPVSDFTDPNQBOJFT POMZ<TIPX> ʜ

Slide 52

Slide 52 text

#VSEFOCFGPSF EFGBVMUSPVUFNBQQJOH IUUQTXXXqJDLSDPNQIPUPTU[FKFO NBQDPOOFDUDPOUSPMMFSBDUJPOJE :PVOFFEUPLOPX"-- "$5*0/4 SFTPVSDFTVTFST SFTPVSDFTDPNQBOJFT POMZ<TIPX> ʜ

Slide 53

Slide 53 text

-FUTTFF UIFSPBENBQGSPN 3BJMTUP

Slide 54

Slide 54 text

3BJMT 3BJMT 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 4BGF 3BJMT 5IF3JWFSPG5FBST 5IF4USPOH1BSBNFUFST'BMMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 55

Slide 55 text

5IF3JWFSPG5FBST 3BJMT "DUJWF3FDPSEDIBJOBCMFRVFSZ MBOHVBHF 4BZHPPECZFUPDPOEJUJPOTBOEJUT GSJFOET 6TFSpOE BMM DPOEJUJPOT\BENJOUSVF^ PSEFSJE

Slide 56

Slide 56 text

5IF3JWFSPG5FBST 3BJMT "DUJWF3FDPSEDIBJOBCMFRVFSZ MBOHVBHF 4BZHPPECZFUPDPOEJUJPOTBOEJUT GSJFOET 6TFSpOE BMM DPOEJUJPOT\BENJOUSVF^ PSEFSJE

Slide 57

Slide 57 text

5IF3JWFSPG5FBST 3BJMT "DUJWF3FDPSEDIBJOBCMFRVFSZ MBOHVBHF 4BZHPPECZFUPDPOEJUJPOTBOEJUT GSJFOET 6TFSpOE BMM DPOEJUJPOT\BENJOUSVF^ PSEFSJE

Slide 58

Slide 58 text

$POEJUJPOTBOEJUTGSJFOET SFTJEFFWFSZXIFSF .BOJQVMBUJPOPGDPOEJUJPOT IBTINBLFTUIJOHTXPSTF :PVOFFEUPLOPX"--42-T JOUFOEFE

Slide 59

Slide 59 text

$POEJUJPOT .BOJQVMBUJPO QSFQBSBUJPOGPS.PEFMpOE BMM DPOEJUJPOTʜ JGTPNFUIJOH DPOEJUJPOT@TUSJOH"/%TPNFUIJOH DPOEJUJPOT@QBSBNTWBMVF FOE SFMSFMXIFSF TPNFUIJOHWBMVF JGTPNFUIJOH

Slide 60

Slide 60 text

"TNBMMCBEQBUUFSO XBTGPVOEIFSF %PTFBSDIpSTUBOE NBOJQVMBUFUIFSFTVMU $IBJORVFSJFTJOTUFBEPG BSSBZDPODBU

Slide 61

Slide 61 text

5IF3JWFSPG5FBST 3BJMT 3FXSJUF"KBYDPEFJGJUVTFT PME3BJMTIFMQFSNFUIPET 6OPCUSVTJWF+BWB4DSJQU

Slide 62

Slide 62 text

5IF3JWFSPG5FBST 3BJMT 3FXSJUFBMMPGPMEIBOENBEF IFMQFSTTVQQPSUJOHCMPDLT /POFFEGPSI /FFEUPpYEPVCMFFTDBQJOH )FMQFST7JFXT GPSN@GPS GPSN@GPS

Slide 63

Slide 63 text

5IF3JWFSPG5FBST 3BJMT 7BMJEBUJPO WBMJEBUFT@QSFTFODF@PGOBNF WBMJEBUFT@MFOHUI@PGOBNF NBYJNVN WBMJEBUFTOBNF QSFTFODFUSVF MFOHUI\NBYJNVN^

Slide 64

Slide 64 text

3BJMT FBTZUPDIBOHF SPVUFTSC SFNPWFNBQ TJNQMFCMPDLTXJUIPVU BOBSHVNFOU

Slide 65

Slide 65 text

3BJMT (PPEQPJOUT #VOEMFS 8FTUBSUFEUPVTF CVOEMFSXJUI3BJMT

Slide 66

Slide 66 text

3BJMT (PPEQPJOUT CFGPSF BGUFS DSFBUF BOFXBQQ SBJMTNZBQQ SBJMTOFXNZBQQ DPOTPMF SVCZTDSJQUDPOTPMF SBJMTD TFSWFS SVCZTDSJQUTFSWFS SBJMTT

Slide 67

Slide 67 text

4PXFEPOUIBWFUP DSFBUFBQQMJDBUJPOT OBNFEDPSTBOZNPSF IUUQTXXXqJDLSDPNQIPUPTTMJQTUSFBNCMVF

Slide 68

Slide 68 text

(PUPUIFOFYUTUFQ 3BJMT 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 4BGF 3BJMT 5IF3JWFSPG5FBST 5IF.PVOUBJOT PG.PEFSO3BJMT 5IF4USPOH1BSBNFUFST'BMMT

Slide 69

Slide 69 text

5IF.PVOUBJOTPG.PEFSO3BJMT 3BJMT "TTFUT1JQFMJOF .PWFpMFTBOEDPOpHVSFTFUUJOHT 3FEFTJHODTTBOE+4pMFTTUSVDUVSFT (PPEUJNJOHUPVTF4$44 FUD *UUBLFTNVDIUJNF /FFEUPLOPXBCPVUBMMBTTFUpMFTJEFBMMZ

Slide 70

Slide 70 text

5IF.PVOUBJOTPG.PEFSO3BJMT 3BJMT %FGBVMU+4MJCSBSZJTDIBOHFE UPCFK2VFSZGSPNQSPUPUZQFKT /FFEUPSFXSJUF+BWB4DSJQU DPEFJGZPVBSFHPJOHUP TXJUDIUIFMJCSBSZ

Slide 71

Slide 71 text

3BJMT 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 4BGF 3BJMT 5IF3JWFSPG5FBST 5IF.PVOUBJOT PG.PEFSO3BJMT 5IF4USPOH1BSBNFUFST'BMMT

Slide 72

Slide 72 text

*UTFBTZ QMVDL VOJR

Slide 73

Slide 73 text

6QHSBEJOH3VCZ /PUWFSZIBSE 4USJOHFODPEJOH )BTI \BBBWBMVF^UP\BBBWBMVF^ 4UPQVTJOH "DUJWF4VQQPSU0SEFSFE)BTI

Slide 74

Slide 74 text

"MNPTU%POF 3BJMT 3BJMT 3BJMT 3BJMT 4BZ(PPECZF UP3VCZ 4BGF 3BJMT 5IF3JWFSPG5FBST 5IF4USPOH1BSBNFUFST'BMMT 5IF.PVOUBJOT PG.PEFSO3BJMT

Slide 75

Slide 75 text

5IF4USPOH1BSBNFUFST'BMMT 3BJMT 4FDVSJUZDIFDLXFOUUP $POUSPMMFSGSPN.PEFM *MPWF4USPOH1BSBNFUFST CVU 7FSZIBSEBOE#03*/(KPC :PVOFFEUPLOPXBMM QBSBNFUFSTGPSBMMBDUJPOT

Slide 76

Slide 76 text

0UIFST FSC)BNMJGZPVMJLFJU 3FQMBDFNBOZHFNT 3FXSJUFNPOLFZQBUDIJOHJO DPOpHJOJUJBMJ[FST 5JNF[POF

Slide 77

Slide 77 text

(FNT :PVOFFEUPSFQMBDFHFNT UISPVHIUIFSBJMTNJHSBUJPOT *UIJOLJONPEFSO3BJMTTVDIBT 3BJMTPSUIJTJTUIFNBJOKPC PGNJHSBUJPO

Slide 78

Slide 78 text

$POHSBUVMBUJPOT 8FMDPNFUP3BJMT

Slide 79

Slide 79 text

)PXUPVQHSBEF3BJMTGSPN $PODMVTJPO /PUPOMZSBLFSBJMTVQEBUF :PVOFFEUPDIBOHFTPNBOZ QMBDFT 'PSUIBUZPVOFFEUPLOPXʜ

Slide 80

Slide 80 text

,OPXXFMMBCPVU:063"11 ,OPX8IBU 'PS BMMBDUJPOT SFNPWJOHEFGBVMUSPVUJOH SFGBDUPSJOH63-TBOE)551NFUIPET BMMQBSBNFUFSTPG FBDIBDUJPOT BQQMZJOHTUSPOHQBSBNFUFSTTUSJDUMZ SJHIUMPPLTPGBMM QBHFT pYJOHIFMQFSTBOEFTDBQJOHDPSSFDUMZ BMM42-T SFQMBDJOHDPOEJUJPOTUPDIBJOBCMFRVFSZ BMMBTTFUpMFT VTJOHBTTFUTQJQFMJOFFGGFDUJWFMZ BMMNPOLFZ QBUDIJOH NBLJOHUIFNXPSLJONPEFSO3BJMT

Slide 81

Slide 81 text

*UTUPVHI CVUOPU JNQPTTJCMF 4UFQCZTUFQ IUUQTXXXqJDLSDPNQIPUPTBMJDFQPQLPSO

Slide 82

Slide 82 text

8IZEJEU XFIBWF BVUPNBUFE UFTUT

Slide 83

Slide 83 text

#FDBVTFXFIBE BCBOEPOFE UFTUTHJWFOGSPN UIFQSJPSEFW DPNQBOZ

Slide 84

Slide 84 text

#FDBVTFXFIBE BCBOEPOFE UFTUTHJWFOGSPN UIFQSJPSEFW DPNQBOZ 8FIBEJNQSPWFEPVSUFTUT SJHIU

Slide 85

Slide 85 text

5IPTFUFTUTEJE OPUNBLFTFOTF BUUIBUUJNF

Slide 86

Slide 86 text

*LOPXUIJTJT EBOHFSPVT )PXFWFS IBWJOHCBE UFTUTDPVMECFFWFO XPSTFUIBO IBWJOHOPUFTUT

Slide 87

Slide 87 text

5IFUFTUJOH DPNQBOZIFMQFE VTBMPU

Slide 88

Slide 88 text

8FIBEUSJFEUPXSJUF GFBUVSFTQFDT CVUUIFPME3VCZWFSTJPO EJTDPVSBHFEVT IUUQTXXXqJDLSDPNQIPUPTDBQZCBSBKQ

Slide 89

Slide 89 text

4PXFEFDJEFEUP XSJUFNBOZHPPE TQFDTBGUFS NJHSBUJPOQ

Slide 90

Slide 90 text

"GUFSBZFBS XF IBWFNBOZOJDF TQFDT )BQQZ

Slide 91

Slide 91 text

4VQFS#BE 1BUUFSOTJO 3BJMT IUUQTXXXqJDLSDPNQIPUPT!/

Slide 92

Slide 92 text

0VSBQQT IBECFFO EFWFMPQFECZ CFHJOOFSTPG3BJMT DPNJOHGSPN+BWB

Slide 93

Slide 93 text

8FWFGPVOE NBOZCBE QBUUFSOTUIFSF

Slide 94

Slide 94 text

8FMPWF HPPEQBUUFSOT IUUQTXXXqJDLSDPNQIPUPTGSBOTEFXJU

Slide 95

Slide 95 text

4PXFIBWF FBTZBDDFTT UPUIFHPPE QBUUFSOT

Slide 96

Slide 96 text

)PXBCPVU CBEQBUUFSOT

Slide 97

Slide 97 text

*GZPVSUFBNJT NPEFSOBOEOJDF JUTIBSEUPpOE OBUVSBMCBEQBUUFSOT JOZPVSEBJMZXPSL IUUQTXXXqJDLSDPNQIPUPTBSNZ@BSDI

Slide 98

Slide 98 text

*UNFBOTZPV NJHIUNJTTTPNF DIBODFUPOPUJDF XIBUUPBWPJEJO QSPHSBNNJOH

Slide 99

Slide 99 text

5IBUTXIZ*XBOU UPTIBSFUIFTF CBEQBUUFSOT

Slide 100

Slide 100 text

/BUVSBMCBE QBUUFSOTBSFMJLF HPMENJOFT IUUQTXXXqJDLSDPNQIPUPTIFSTFOTQJOTFMT

Slide 101

Slide 101 text

-FUNFJOUSPEVDF NBKPS CBEQBUUFSOTJO UIFQSPKFDU

Slide 102

Slide 102 text

5PPNBOZMBZFST %SFBNZNFUIPE (MPCBMIBTI .BTTIPVTJOHJO POFDPOUSPMMFS

Slide 103

Slide 103 text

5PPNBOZMBZFST IUUQTXXXqJDLSDPNQIPUPTTNDDMBO

Slide 104

Slide 104 text

8FIBECFFO pHIUJOHBHBJOTU UPPNBOZDMBTTFT BOEMBZFST 'BNJMJBSTUZMF JO+BWB

Slide 105

Slide 105 text

$POUSPMMFS .BOZ5IJO "DUJWF3FDPSE .PEFMT DPVMECFVOJpFE 4QBHIFUUJ 'BUOPO"3DMBTTFT

Slide 106

Slide 106 text

$POUSPMMFS .BOZ5IJO "DUJWF3FDPSE .PEFMT DPVMECFVOJpFE 4QBHIFUUJ 'BUOPO"3DMBTTFT QSPDFEVSBM

Slide 107

Slide 107 text

$POUSPMMFS .BOZ5IJO "DUJWF3FDPSE .PEFMT DPVMECFVOJpFE 4QBHIFUUJ 'BUOPO"3DMBTTFT QSPDFEVSBM QSPDFEVSBM

Slide 108

Slide 108 text

5ZQJDBMPWFSNVDI UPSFMBUJPONPEFMT $PNQBOZ $PNQBOZ"EESFTT $PNQBOZ4PNFUIJOH FUDʜ 'BDBEF 1SPYZ TPPO

Slide 109

Slide 109 text

8SPOHSFBTPOTUP TFQBSBUFNPEFMT 5IFZIBWFTMJHIUMZEJGGFSFOU NFBOJOHT 6TBHFJTEJGGFSFOUTPNFUJNFT *XPVMEMJLFUPBWPJEDIBOHJOH FYJTUJOHDMBTTFTGPSNZ TBGFUZ

Slide 110

Slide 110 text

8SPOHSFBTPOTUP TFQBSBUFNPEFMT 5IFZIBWFTMJHIUMZEJGGFSFOU NFBOJOHT 6TBHFJTEJGGFSFOUTPNFUJNFT *XPVMEMJLFUPBWPJEDIBOHJOH FYJTUJOHDMBTTFTGPSNZ TBGFUZ 0).:(0%

Slide 111

Slide 111 text

4FQBSBUJOHNPEFMT DPTUTWFSZNVDI

Slide 112

Slide 112 text

'BDBEF 1SPYZ TPPO /PQSPCMFNJGJUTXFMM EFTJHOFE *OPVSDBTF UIFTFTFFNTUPCF UIFSFTVMUUIBUEFWFMPQFST DPVMEOPUVTF"DUJWF3FDPSE QSPQFSMZ

Slide 113

Slide 113 text

$POUSPMMFS .BOZ5IJO "DUJWF3FDPSE .PEFMT 4QBHIFUUJ 'BUOPO"3DMBTTFT 3FGBDUPSJOH

Slide 114

Slide 114 text

$POUSPMMFS 4QBHIFUUJ 'BUOPO"3DMBTTFT 3FGBDUPSJOH

Slide 115

Slide 115 text

$POUSPMMFS 3FGBDUPSJOH

Slide 116

Slide 116 text

$POUSPMMFS 3FGBDUPSJOH 3JDIBOE.PEVMBSJ[FE "DUJWF3FDPSE .PEFM

Slide 117

Slide 117 text

$POUSPMMFS 3FGBDUPSJOH 3JDIBOE.PEVMBSJ[FE "DUJWF3FDPSE .PEFM 6TFUIFNPEFMEJSFDUMZ JONPTUDBTFT

Slide 118

Slide 118 text

%FBNZNFUIPE IUUQTXXXqJDLSDPNQIPUPTUIFP@SFUI IUUQTXXXqJDLSDPNQIPUPTUIFP@SFUI

Slide 119

Slide 119 text

%SFBNZNFUIPEJT SFBEZUPEPFWFSZUIJOH EFGEP@FWFSZUIJOH@GPS@ZPV JEFOUJpFS PQUJPOT\^ XIFOJEFOUJpFS DBTF$0/45"/5@ EPBKPC DBTF$0/45"/5@ EPBOPUIFSKPC DBTF$0/45"/5@ EPUIFSEKPC DBTF$0/45"/5@ EPUIFUIKPC FOE FOE

Slide 120

Slide 120 text

0GDPVSTFZPV LOPXUIFSJHIU QBUUFSO

Slide 121

Slide 121 text

4JNQMFNFUIPET EFGEP@ PQUJPOT\^ EPBKPC FOE EFGEP@ PQUJPOT\^ EPBOPUIFSKPC FOE ʜ

Slide 122

Slide 122 text

6TFJOIFSJUBODFTPNFUJNFT DMBTT"CTUSBDU8PSL QSJWBUF EFGTPNF@DPNNPO@XPSL TPNFXPSLDBMMJOHEP@JU FOE FOE DMBTT8PSL"CTUSBDU8PSL EFGEP@JU EPBKPC FOE FOE DMBTT8PSL"CTUSBDU8PSL EFGEP@JU EPBOPUIFSKPC FOE FOE

Slide 123

Slide 123 text

"SFZPVTVSF XIZ ESFBNZNFUIPE QBUUFSOTVDLT

Slide 124

Slide 124 text

)BSEUPSFBE SFTVMUEP@FWFSZUIJOH@GPS@ZPV $0/45"/5@ 0, ZPVNFBOEPJOH $0/45"/5@KPCIFSF

Slide 125

Slide 125 text

)BSEUPSFBE SFTVMUEP@FWFSZUIJOH@GPS@ZPV $0/45"/5@ 0, ZPVNFBOEPJOH $0/45"/5@KPCIFSF SFTVMUEP@FWFSZUIJOH@GPS@ZPV PQUJPOT<UZQF> 0I *OFFEUPDIFDL XIBUWBMVFJTJOTJEFʜ

Slide 126

Slide 126 text

&BTZUPTUBSU EFGEP@UIF@XPSL EPUIFXPSL FOE *OFFEUPDIBOHF UIJTCFIBWJPSJONZDBTFʜ

Slide 127

Slide 127 text

&BTZUPTUBSU EFGEP@UIF@XPSL EPUIFXPSL FOE *OFFEUPDIBOHF UIJTCFIBWJPSJONZDBTFʜ EFGEP@UIF@XPSL SBSF@DBTFUSVF JGSBSF@DBTF EPUIFSBSFXPSL FMTF EPUIFXPSL FOE FOE 8FMM MFUTBEEBOBSHVNFOU

Slide 128

Slide 128 text

*UHSPXTMJLFWJSVT SFTVMUEP@FWFSZUIJOH@GPS@ZPV PQUJPOT<UZQF>

Slide 129

Slide 129 text

*UHSPXTMJLFWJSVT SFTVMUEP@FWFSZUIJOH@GPS@ZPV PQUJPOT<UZQF> *OFFEUPBEEBOFXMPHJDBGUFSUIJT

Slide 130

Slide 130 text

*UHSPXTMJLFWJSVT SFTVMUEP@FWFSZUIJOH@GPS@ZPV PQUJPOT<UZQF> *OFFEUPBEEBOFXMPHJDBGUFSUIJT 0, MFUTBEE BOFXNFUIPE IBWJOHUIFTBNFJEFOUJpFS

Slide 131

Slide 131 text

*UHSPXTMJLFWJSVT SFTVMUEP@FWFSZUIJOH@GPS@ZPV PQUJPOT<UZQF> SFTVMUGPSNBU@TPNFUIJOH SFTVMU PQUJPOT<UZQF> ʜ *OFFEUPBEEBOFXMPHJDBGUFSUIJT 0, MFUTBEE BOFXNFUIPE IBWJOHUIFTBNFJEFOUJpFS

Slide 132

Slide 132 text

"OJEFOUJpFS USBWFMTPWFS NFUIPET DMBTTFT BOE MBZFST &WFSZXIFSF $POUSPMMFS .PEFM 7JFX

Slide 133

Slide 133 text

/JHIUNBSF IUUQTXXXqJDLSDPNQIPUPTTUJMMFCFO

Slide 134

Slide 134 text

"OPUIFSMJUUMFCBEQBUUFSO FOVNMJLFIBTIDPOTUBOU 4*56"5*0/\VOLOPXO HPPE CBE^

Slide 135

Slide 135 text

"OPUIFSMJUUMFCBEQBUUFSO FOVNMJLFIBTIDPOTUBOU 4*56"5*0/\VOLOPXO HPPE CBE^ 4*56"5*0/@6/,/08/VOLOPXOGSFF[F 4*56"5*0/@(00%HPPEGSFF[F 4*56"5*0/@#"%CBEGSFF[F 0S ZPVDBOVTFTPNFFOVNQBUUFSO

Slide 136

Slide 136 text

4*56"5*0/\VOLOPXO HPPE CBE^ w4*56"5*0/<GPP>EPFTOPUDBVTFBOFSSPS w:PVOFFEUPSFNFNCFSPSDIFDLXIBULFZJT BWBJMBCMF*%&DBOEPOPUIJOH w*GWBMVFTBSFJOUFHFS ZPVOFFEUPSFNFNCFS CPUIOBNFBOEWBMVF w%JGpDVMUUPTFBSDI ZPVDBOVTFWBSJBCMFBTB LFZ w)BTIDPOUFOUTDBOCFDIBOHFEUPPFBTJMZ 8IZ*UIJOLUIJTJTCBE

Slide 137

Slide 137 text

8FTBXUIFDPNCJOBUJPO EFGEP@FWFSZUIJOH@GPS@ZPV JEFOUJpFS PQUJPOT\^ XIFOJEFOUJpFS DBTF4*56"5*0/<VOLOPXO> EPBKPC DBTF4*56"5*0/<HPPE> EPBOPUIFSKPC DBTF4*56"5*0/<CBE> EPUIFSEKPC ʜ

Slide 138

Slide 138 text

8BOEFSJOH BSPVOEMPPLJOH GPSTPNFUIJOH JTQBJOGVM 4FQBSBUFUIJOHT BOEHJWFUIFN HPPEOBNFT IUUQTXXXqJDLSDPNQIPUPTGFSHJFGBN

Slide 139

Slide 139 text

(MPCBMIBTI IUUQTXXXqJDLSDPNQIPUPTHBNVUMFTT

Slide 140

Slide 140 text

(MPCBMIBTI )BTIJTMPWFE )BTIGFFMTMJLFOPUTDBSZ :PVEPO`UIBWFUPDSFBUFB OFXDMBTT 'MFYJCMF

Slide 141

Slide 141 text

*UDBOCFB NPOTUFS IUUQTXXXqJDLSDPNQIPUPTEFBEMZDSJTQ

Slide 142

Slide 142 text

*UTUBSUTMJLFUIJT DMBTT"DUJWF6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIBDUJWFVTFST EFGTFBSDI TFBSDI@PQUJPOTQBSBNT<TFBSDI>cc\^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT FOE FOE

Slide 143

Slide 143 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT

Slide 144

Slide 144 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT

Slide 145

Slide 145 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT MFU4FBSDIFSLOPX UIJTJTGPSOFXVTFST

Slide 146

Slide 146 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT MFU4FBSDIFSLOPX UIJTJTGPSOFXVTFST DMBTT4QFDJBM6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDITQFDJBMVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT

Slide 147

Slide 147 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT MFU4FBSDIFSLOPX UIJTJTGPSOFXVTFST DMBTT4QFDJBM6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDITQFDJBMVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT

Slide 148

Slide 148 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT MFU4FBSDIFSLOPX UIJTJTGPSOFXVTFST DMBTT4QFDJBM6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDITQFDJBMVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT NVDITJNQMFS

Slide 149

Slide 149 text

JUHSPXTMJLFUIJT DMBTT/FX6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDIOFXVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT MFU4FBSDIFSLOPX UIJTJTGPSOFXVTFST DMBTT4QFDJBM6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS TFBSDITQFDJBMVTFST EFGTFBSDI TFBSDI@PQUJPOT QBSBNT<TFBSDI>cc\^ NFSHF\ʜ^ 4FBSDIFSTFBSDI TFBSDI@PQUJPOT TFTTJPO<TFBSDI@PQUJPOT>TFBSDI@PQUJPOT JODMVEJOH FYUSBPQUJPOT MFU4FBSDIFSLOPX UIJTJTGPSTQFDJBMVTFST NVDITJNQMFS

Slide 150

Slide 150 text

*OUIFTFTTJPOPS4FBSDIFSTFBSDI ZPVGBDFBHMPCBMIBTI \ʜʜ ʜʜ ʜʜ^ TFBSDI@PQUJPOT 8FMM ZPVBSF HSFBUEBUB BOZXBZ

Slide 151

Slide 151 text

&WFSZPOFDBOVTFJU \ʜʜ ʜʜ ʜʜ^

Slide 152

Slide 152 text

&WFSZPOFDBOVTFJU \ʜʜ ʜʜ ʜʜ^ -PPLTPNF PGUIFN

Slide 153

Slide 153 text

&WFSZPOFDBOVTFJU \ʜʜ ʜʜ ʜʜ^ -PPLTPNF PGUIFN $IFDLPOFLFZ

Slide 154

Slide 154 text

&WFSZPOFDBOVTFJU \ʜʜ ʜʜ ʜʜ^ -PPLTPNF PGUIFN $IFDLPOFLFZ "EETPNFUIJOH GPSNZGSJFOE

Slide 155

Slide 155 text

&WFSZPOFDBOVTFJU \ʜʜ ʜʜ ʜʜ^ -PPLTPNF PGUIFN $IFDLPOFLFZ "EETPNFUIJOH GPSNZGSJFOE 3FUSJFWFJU

Slide 156

Slide 156 text

&WFSZPOFDBOVTFJU \ʜʜ ʜʜ ʜʜ^ -PPLTPNF PGUIFN $IFDLPOFLFZ "EETPNFUIJOH GPSNZGSJFOE 3FUSJFWFJU +VTUTUPSF BMMPGUIFN JODBTF

Slide 157

Slide 157 text

/PCPEZLOPXT XIBUDPOUFOUTBSF FYQFDUFEGPSFBDI QVSQPTFFYBDUMZ

Slide 158

Slide 158 text

$IBPT

Slide 159

Slide 159 text

8FIBEBMPOHCBUUMF UPEFGFBUUIFN 3FQMBDFUIFQBSUPGIBTIUPCF BPCKFDUCZFBDIGFBUVSFT 6TFS4FBSDI#BTF 6TFS4FBSDI"DUJWF6TFST 6TFS4FBSDI/FX6TFST 6TFS4FBSDI4QFDJBM6TFST

Slide 160

Slide 160 text

)BTI*4TDBSZ

Slide 161

Slide 161 text

)BTI*4TDBSZ *U`T UPP qFYJCMF UP CF VTFE XJEFMZ

Slide 162

Slide 162 text

.BTTIPVTJOH JOPOFDPOUSPMMFS

Slide 163

Slide 163 text

GFBUVSF GFBUVSF GFBUVSF $POUSPMMFS BDUJPO BDUJPO *UXBTMJLFUIJT

Slide 164

Slide 164 text

$POUSPMMFSDPEF DMBTT6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS EFGTFBSDI TFBSDI@PQUJPOTQBSBNT<TFBSDI@PQUJPOT> GFBUVSF@UZQFQBSBNT<GFBUVSF@UZQF> DBTFGFBUVSF@UZQF XIFOBDUJWF@VTFST TFBSDI@PQUJPOTTFBSDI@PQUJPOTNFSHF ʜ XIFOOFX@VTFST TFBSDI@PQUJPOTTFBSDI@PQUJPOTNFSHF ʜ FOE 6TFSTFBSDI GFBUVSF@UZQF TFBSDI@PQUJPOT FOE "DUVBMMZ JUXBTXPSTF UIBOUIJT

Slide 165

Slide 165 text

5IFCFUUFSEFTJHO GFBUVSF GFBUVSF GFBUVSF $POUSPMMFS BDUJPO BDUJPO $POUSPMMFS BDUJPO BDUJPO $POUSPMMFS BDUJPO BDUJPO NPEVMFGPS TJNJMBS GFBUVSFT

Slide 166

Slide 166 text

5IJTJTUIF DPNCJOBUJPOPG CBEQBUUFSOT

Slide 167

Slide 167 text

DMBTT6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS EFGTFBSDI TFBSDI@PQUJPOTQBSBNT<TFBSDI@PQUJPOT> GFBUVSF@UZQFQBSBNT<GFBUVSF@UZQF> DBTFGFBUVSF@UZQF XIFOVTFST TFBSDI@PQUJPOTTFBSDI@PQUJPOTNFSHF ʜ XIFOOFX@VTFST TFBSDI@PQUJPOTTFBSDI@PQUJPOTNFSHF ʜ FOE 6TFSTFBSDI GFBUVSF@UZQF TFBSDI@PQUJPOT FOE %SFBNZ.FUIPE

Slide 168

Slide 168 text

(MPCBM)BTI DMBTT6TFST$POUSPMMFS"QQMJDBUJPO$POUSPMMFS EFGTFBSDI TFBSDI@PQUJPOTQBSBNT<TFBSDI@PQUJPOT> GFBUVSF@UZQFQBSBNT<GFBUVSF@UZQF> DBTFGFBUVSF@UZQF XIFOVTFST TFBSDI@PQUJPOTTFBSDI@PQUJPOTNFSHF ʜ XIFOOFX@VTFST TFBSDI@PQUJPOTTFBSDI@PQUJPOTNFSHF ʜ FOE 6TFSTFBSDI GFBUVSF@UZQF TFBSDI@PQUJPOT FOE

Slide 169

Slide 169 text

&YUSFNFMZ EJGpDVMUUPDIBOHF KVTUPOFGFBUVSF

Slide 170

Slide 170 text

:PVOFFEUP DIBTFUIF JEFOUJpFS OPUUPIBSNPUIFS GFBUVSFT

Slide 171

Slide 171 text

8IBUUPEP UPBWPJEUIFTF CBEQBUUFSOT

Slide 172

Slide 172 text

5PPNBOZMBZFST 6TF"DUJWF3FDPSEJGZPVDBO %PVCUSFMBUJPO 5IJOLBCPVUNBJOUFOBODF DPTUT

Slide 173

Slide 173 text

%SFBNZNFUIPE 8SJUFBEJGGFSFOUNFUIPEGPSB EJGGFSFOUOFFE %PVCUBEEJOHBOBSHVNFOUBOEJG &YUSBDUDPNNPOQBSUT 6TFQPMZNPSQIJTN 4UPQUIJTQBUUFSOJOFBSMZTUBHF

Slide 174

Slide 174 text

(MPCBMIBTI 'FFMGSFFUPBEEBOFX DMBTT 6TFIBTIFTMPDBMMZ

Slide 175

Slide 175 text

$PODMVTJPO

Slide 176

Slide 176 text

4IPXFEXIBUZPVOFFEUPEP UPVQHSBEF3BJMTGSPNUPJO HFOFSBM(PPEMVDL *OUSPEVDFEUIFOBUVSBMCBE QBUUFSOTJO3BJMTXFWFGPVOE -FUTBWPJEUIFUSBQT

Slide 177

Slide 177 text

5IBOLZPV ! *GZPVIBWFBOZRVFTUJPOT GFFMGSFFUPBTLNF4-08-: ! !OBZ