Français
Table des matières
SYMBOLES UTILISÉS DANS CE MANUEL. . . 4
CONSIGNES DE SÉCURITÉ IMPORTANTES. . . 4
LORS DE L’UTILISATION DE L’APPAREIL PHOTO . . . 4
LORS DE L’UTILISATION DE LA DRAGONNE . . . 5
LORS DE L’UTILISATION DES PILES . . . 5
POUR LES UTILISATEUR DE HONG KONG. . . 6
LORS DU CHOIX D’UNE SOURCE D’ALIMENTATION . . . 6
FONCTIONS EPSON . . . 8
Chapitre 1 PRÉPARATION DE L’APPAREIL PHOTO ÉLÉMENTS . . . 9
VÉRIFICATION DU CONTENU DU CARTON . . . 9
VUE DE DESSUS . . . 10
MISE EN PLACE DES PILES ET DE LA CARTE MÉMOIRE . . . 11
ACCÈS AUX PILES ET À LA CARTE MÉMOIRE. . . 11
COMMENT INSÉRER ET RETIRER LA CARTE MÉMOIRE. . . 11
MISE EN PLACE DES PILES . . . 12
INDICATEUR DE CAPACITÉ DES PILES . . . 12
CONFIGURATION DE L’APPAREIL PHOTO . . . 12
MISE EN MARCHE ET ARRÊT . . . 12
RÉGLAGES INITIAUX . . . 13
Chapitre 2 UTILISATION STANDARD TENUE DE L’APPAREIL PHOTO / DÉCLENCHEMENT DE LE SYSTÈME D’IMAGE . . . 15
PRISE DE VUE À L’AIDE DE L’ÉCRAN LCD . . . 15
ACTIVATION/DÉSACTIVATION DE LA FONCTION VUE RAPIDE . . . 16
MÉTHODE UTILISANT UNIQUEMENT LE VISEUR . . . 16
SI L’IMAGE CAPTURÉE N’EST PAS DANS LE CADRE DE MISE AU POINT . . . 18
ZOOM OPTIQUE ET ZOOM NUMÉRIQUE. . . 18
PARAMÈTRES DE CAPTURE D’IMAGE . . . 19
CONFIRMATION DU NOMBRE DE PHOTOS . . . 20
COMMANDE DU FLASH . . . 20
UTILISATION DU RETARDATEUR . . . 21
SYSTÈME DE LECTURE . . . 22
LECTURE UNE À UNE . . . 22
AFFICHAGE DE PLUSIEURS IMAGES. . . 22
AGRANDISSEMENT DE L’IMAGE SUR L’ÉCRAN LCD . . . 22
ANIMATION . . . 23
AFFICHAGE RAPIDE DE PHOTOS. . . 23
SUPPRESSION DE FICHIERS . . . 23
EFFACEMENT D’UNE SEULE PHOTO . . . 24
EFFACEMENT DE TOUTES LES IMAGES . . . 24
UTILISATION DE VOS IMAGES. . . 24
AFFICHAGE SUR UN TÉLÉVISEUR . . . 24
EXPORTATION D’IMAGES VERS UN ORDINATEUR . . . 25
TRAITEMENT DES IMAGES SUR UN ORDINATEUR. . . 25
IMPRESSION DIRECTE À PARTIR DE L’APPAREIL PHOTO . . . 25
UTILISATION DE L’ADAPTATEUR SECTEUR . . . 25
Chapitre 3 FONCTIONS AVANCÉES
RÉGLAGES DES TOUCHES DISPLAY et MENU . . . 27
FONCTION DE LA TOUCHE DISPLAY . . . 27
FONCTION DE LA TOUCHE MENU. . . 27
FONCTION Print Image Framer (cadres) . . . 28
Prise de vue avec Print Image Framer (P.I.F.) . . . 28
PRISE DE PHOTOS DANS LE CADRE. . . 28
AFFICHAGE D’UNE IMAGE P.I.F. . . 29
REMPLACEMENT DE CADRES . . . 29
UTILISATION DU CD-ROM . . . 29
TÉLÉCHARGEMENT PAR INTERNET . . . 29
SUPPRESSION DE CADRES. . . 30
MISE EN PLACE DE CADRES . . . 30
MODE MACRO . . . 30
PRISE DE PHOTOS EN MODE MACRO . . . 30
PRISE DE VUE EN RAFALE . . . 31
PRISE DE VUE EN RAFALE. . . 31
MODES DE VUE . . . 31
SÉLECTION D’UN MODE DE VUE . . . 31
MODE NORMAL . . . 32
MODE PAYSAGE . . . 32
MODE PORTRAIT . . . 32
BALANCE DES BLANCS . . . 32
BALANCE DES BLANCS AUTOMATIQUE . . . 32
SÉLECTION MANUELLE DE LA BALANCE DES BLANCS . . . .32
SENSIBILITÉ À LA LUMIÈRE . . . 33
MODE DE SENSIBILITÉ AUTOMATIQUE . . . 33
RÉGLAGE MANUEL DE LA SENSIBILITÉ À LA LUMIÈRE . . . .33
RÉGLAGE DES PARAMÈTRES D’EXPOSITION . . . 33
RÉGLAGES . . . 34
RÉTABLISSEMENT DU MODE PAR DÉFAUT . . . 34
RÉTABLISSEMENT DU MODE PAR DÉFAUT. . . 34
AFFICHAGE DES DONNÉES D’IMAGE ENREGISTRÉES . . . 35
AFFICHAGE DES DONNÉES D’IMAGE ENREGISTRÉES . . . 35
CLIP VIDÉO . . . .35
ENREGISTREMENT D’UN CLIP VIDÉO . . . .35
LECTURE D’UN CLIP. . . .36
SUPPRESSION DE CLIPS VIDÉO . . . .36
Chapitre 4 IMPRESSION DIRECTE IMPRESSION DIRECTE . . . .37
LISTE DES IMPRIMANTES COMPATIBLES . . . .37
PROCESSUS D’IMPRESSION DIRECTE . . . .37
IMPRESSION DE L’IMAGE AFFICHÉE SUR L'ÉCRAN LCD. . . 37
IMPRESSION DE TOUTES LES IMAGES PRÉSENTES EN MÉMOIRE. . . .38
IMPRESSION D’IMAGES SÉLECTIONNÉES . . . .38
IMPRESSION avec PRINT Image Framer (P.I.F.) . . . .39
IMPRESSION D’IMAGES AVEC PRINT Image Framer (P.I.F.) . . . 39
IMPRESSION DE L’IMAGE P.I.F. AFFICHÉE SUR L'ÉCRAN LCD. . . .39
AUTRES OPTIONS D’IMPRESSION P.I.F. . . . .39
REMPLACEMENT DE CADRES. . . .40
CONFIGURATION D’IMPRESSION. . . .40
COMMENT MODIFIER LA CONFIGURATION D’IMPRESSION . . . .40
CONFIGURATION DU FORMAT PAPIER . . . .40
SÉLECTION DE BORDURES D’IMPRESSION . . . .41
IMPRESSION DE LA DATE. . . .41
IMPRESSION VITESSE RAPIDE . . . .41
UTILITAIRES D’IMPRESSION . . . .41
UTILITAIRES D’IMPRESSION . . . .41
IMPRESSION TEST POUR LE CONTRÔLE DES BUSES . . . 42
NETTOYAGE DES TÊTES . . . .42
Chapitre 5 RÉGLAGES SUPPLÉMENTAIRES DIGITAL PRINT ORDER FORMAT (DPOF). . . .43
ENREGISTREMENT DE PHOTOS AU FORMAT DPOF . . . 43
Français
RÉGLAGES DU SON ET DU DÉCLENCHEUR . . . 44
EXTINCTION AUTOMATIQUE . . . 44
RÉINITIALISATION DE L’EXTINCTION AUTOMATIQUE . . . 44
DATE et HEURE et FORMAT DE DATE . . . 44
RÉGLAGE DE LA LUMINOSITÉ DE L'ÉCRAN LCD . . . 45
FORMATAGE DE LA CARTE MÉMOIRE . . . 45
RÈGLES DE DÉNOMINATION DES FICHIERS (fonction cumulative) . . . 45
RÉINITIALISATION DES NUMÉROS DE FICHIER . . . 46
RÉINITIALISATION DE LA SORTIE VIDÉO . . . 46
RÉGLAGE DE LA LANGUE . . . 46
RÉTABLISSEMENT DES RÉGLAGES PAR DÉFAUT DE L’APPAREIL PHOTO . . . 46
Annexe A INFORMATIONS SUPPLÉMENTAIRES NETTOYAGE DE L’APPAREIL PHOTO . . . 47
LORSQU’UN NETTOYAGE DE L’APPAREIL PHOTO EST NÉCESSAIRE . . . 47
RANGEMENT DE L’APPAREIL PHOTO . . . 47
CARACTÉRISTIQUES L-300. . . 47
MARQUAGE CE . . . 48
CARACTÉRISTIQUES L-200. . . 48
MARQUAGE CE . . . 48
Annexe B DÉPANNAGE DÉPANNAGE . . . 49
EN CAS DE PROBLÈME . . . 49
AVANT D’APPELER LE SERVICE CLIENTÈLE . . . 49
PROBLÈMES SUR LE BOÎTIER DE L’APPAREIL PHOTO . . . 49
PROBLÈMES D’IMAGE . . . 51
MESSAGES DU MODE PHOTO . . . 52
MESSAGES DU MODE LECTURE . . . 52
MESSAGES DU MODE CONFIGURATION. . . 52
MESSAGES RELATIFS À L’IMPRESSION DIRECTE . . . 53
INFORMATIONS EPSON CONTACTER LE SERVICE CLIENTÈLE. . . 55
INDEX . . . 57
6<0%2/(687,/,6e6'$16&(0$18(/
/HVV\PEROHVXWLOLVpVGDQVFHPDQXHOVRQWH[SOLTXpVFLGHVVRXV 6\PEROHV
/HFWXUHQpFHVVDLUH
w
$77(17,21$YHUWLVVHPHQWjVXLYUHjODOHWWUHSRXUpYLWHUGHVEOHVVXUHVFRUSRUHOOHVc
,03257$171pFHVVDLUHSRXUpYLWHUG·HQGRPPDJHUO·DSSDUHLOSKRWRRXG·DXWUHV PDWpULHOV$/(57(
1pFHVVDLUHSRXUDVVXUHUODIRQFWLRQFRUUHFWHGHO·DSSDUHLOSKRWR ,QIRUPDWLRQVWUqVXWLOHV
5HPDUTXH
,QIRUPDWLRQVXSSOpPHQWDLUHXWLOH ,1)23UpFLVLRQVGRQQpHVjWLWUHG·LQIRUPDWLRQ 7HUPHVWHFKQLTXHVHWFRQFHSWVSURIHVVLRQQHOV
&216(,/
&HWWHVXJJHVWLRQHVWGHVWLQpHjDPpOLRUHUYRWUHPDvWULVHGHODSKRWRJUDSKLH 'URLWVG·DXWHXUHWPDUTXHV
'URLWVG·DXWHXU
7RXVGURLWVUpVHUYpV$XFXQHSDUWLHGHFHPDQXHOQHSHXWrWUHUHSURGXLWH VWRFNpHGDQVXQV\VWqPHGRFXPHQWDLUHRXWUDQVPLVHVRXVTXHOTXHIRUPHRX GHTXHOTXHPDQLqUHTXHFHVRLWpOHFWURQLTXHPpFDQLTXHSDUSKRWRFRSLH HQUHJLVWUHPHQWRXDXWUHVDQVODFFRUGSUpDODEOHpFULWGH6(,.2(3621
&25325$7,21$XFXQHUHVSRQVDELOLWpHQPDWLqUHGHEUHYHWVQH VDSSOLTXHjOªXWLOLVDWLRQGHVUHQVHLJQHPHQWVFRQWHQXVGDQVOHSUpVHQW PDQXHORXDX[GRPPDJHVSRXYDQWUpVXOWHUGªXQHWHOOHXWLOLVDWLRQ
1L6(,.2(3621&25325$7,21QLVHVILOLDOHVQHSRXUURQWrWUHWHQXHV UHVSRQVDEOHVHQYHUVODFTXpUHXUGHFHSURGXLWRXHQYHUVOHVWLHUVGHV GRPPDJHVSHUWHVIUDLVRXGpSHQVHVHQFRXUXVSDUODFTXpUHXURXOHVWLHUV jODVXLWHGHVpYpQHPHQWVVXLYDQWVDFFLGHQWPDXYDLVHXWLOLVDWLRQRX XWLOLVDWLRQDEXVLYHGHFHSURGXLWPRGLILFDWLRQUpSDUDWLRQRXDOWpUDWLRQ LOOLFLWHVGHFHSURGXLWRXVDXIDX[eWDWV8QLVQRQUHVSHFWDXVHQVVWULFWGHV FRQVLJQHVGXWLOLVDWLRQHWGHPDLQWHQDQFHGH6(,.2(3621
&25325$7,21
(3621&25325$7,21QHSRXUUDrWUHWHQXHUHVSRQVDEOHGHVGRPPDJHV RXSUREOqPHVVXUYHQXVSDUVXLWHGHOXWLOLVDWLRQGHSURGXLWVRSWLRQQHOVRX FRQVRPPDEOHVDXWUHVTXHFHX[GpVLJQpVSDU6(,.2(3621
&25325$7,21FRPPHpWDQWGHV3URGXLWVGªRULJLQH(3621RXGHV 3URGXLWVDSSURXYpVSDU(3621
0DUTXHV
(3621HVWXQHPDUTXHGpSRVpHGH6(,.2(3621&25325$7,21 35,17,PDJH0DWFKLQJHVWXQQRPGHPDUTXHGH6(,.2(3621
&25325$7,21/HORJR35,17,PDJH0DWFKLQJHVWXQQRPGHPDUTXH GH6(,.2(3621&25325$7,21'32)HVWXQQRPGHPDUTXHGH
&$121,1&(DVWPDQ.RGDN&RPSDQ\)XML3KRWR)LOP&R/WGHW 0DWVXVKLWD(OHFWULF,QGXVWULDO&R/WG35,17,PDJH)UDPHUHVWXQQRPGH PDUTXHGH6(,.2(3621&25325$7,2135,17,PDJH)UDPHUVHUD DEUpJpHQ3,)WRXWDXORQJGHFHPDQXHO
0XOWL0HGLD&DUGHVWXQHPDUTXHGpSRVpHGH,QILQHRQ7HFKQRORJLHV$*
$OOHPDJQHHW00&$0XOWL0HGLD&DUG$VVRFLDWLRQHQGpWLHQWXQH OLFHQFH
$YLVJpQpUDO/HVDXWUHVQRPVGHSURGXLWXWLOLVpVGDQVFHJXLGHVRQWGRQQpV XQLTXHPHQWjWLWUHGLGHQWLILFDWLRQHWSHXYHQWrWUHGHVQRPVGHPDUTXHGH OHXUGpWHQWHXUVUHVSHFWLIV(3621GpQLHWRXWHUHVSRQVDELOLWpYLVjYLVGHFHV PDUTXHV
&RS\ULJKW6(,.2(3621&25325$7,211DJDQR-DSRQ
&216,*1(6'(6e&85,7e,03257$17(6
w
$77(17,21$YDQWG·XWLOLVHUO·DSSDUHLOSKRWROLVH]DWWHQWLYHPHQWWRXWHVOHVLQVWUXFWLRQV pQXPpUpHVFLGHVVRXVHWFRQVHUYH]OHVDILQGHYRXV\UHSRUWHUVLQpFHVVDLUH 7HQH]FRPSWHpJDOHPHQWGHVDYHUWLVVHPHQWVHWFRQVLJQHVLQVFULWVVXU O·DSSDUHLOSKRWRHWOHVRSWLRQV/256'(/·87,/,6$7,21'(/·$33$5(,/3+272
5HVSHFWH]OHVLQVWUXFWLRQVVXLYDQWHVORUVGHOªXWLOLVDWLRQGHOªDSSDUHLOSKRWR
Français
❏
3RXUUpGXLUHOHVULVTXHVGªpOHFWURFXWLRQQªRXYUH]MDPDLVOHERvWLHUGH OªDSSDUHLOQLGHVRSWLRQV(QRXWUHQªRXYUH]MDPDLVDXFXQFRPSDUWLPHQWGHOªDSSDUHLOVLFHVPDQLSXODWLRQVQHVRQWSDVFODLUHPHQW H[SOLTXpHVGDQVFHPDQXHO
❏
1ªLQVpUH]SDVGªREMHWVGDQVOHVRXYHUWXUHVGHOªDSSDUHLO❏
3RXUpYLWHUOHVULVTXHVGªLQIODPPDWLRQRXGªpOHFWURFXWLRQQªH[SRVH]MDPDLVOªDSSDUHLOSKRWRRXVHVRSWLRQVjODSOXLHRXjOªKXPLGLWp
❏
3RXUpYLWHUOHVULVTXHVGªLQIODPPDWLRQRXGªpOHFWURFXWLRQQHFRXYUH]SDVOªDSSDUHLOSKRWRDYHFXQHFRXYHUWXUHRXWRXWDXWUHUHYrWHPHQWTXL SRXUUDLWFUpHUXQHFKDUJHpOHFWULTXH
❏
3RXUpYLWHUWRXWULVTXHGªLQIODPPDWLRQRXGªH[SORVLRQQªXWLOLVH]MDPDLV OªDSSDUHLOSKRWRGDQVXQHQGURLWRVRQWVWRFNpVGHVJD]LQIODPPDEOHV RXYRODWLOV❏
1ªXWLOLVH]SDVOªDSSDUHLOjOªH[WpULHXUSHQGDQWXQRUDJH❏
$ILQGpYLWHUWRXWHOpVLRQRFXODLUHQHSUHQH]SDVGHSKRWRVDXIODVKWURS SUqVGXYLVDJHGXVXMHW❏
5HWLUH]OHVSLOHVHWRXGpEUDQFKH]ODSSDUHLOSKRWRHWFRQWDFWH]OHV VHUYLFHVGHPDLQWHQDQFHGDQVOHVFLUFRQVWDQFHVVXLYDQWHV/HFRUGRQGDOLPHQWDWLRQRXVDILFKHHVWHQGRPPDJpGXOLTXLGHDFRXOp GDQVODSSDUHLOSKRWRRXGDQVOHVRSWLRQVODSSDUHLOSKRWRRXOHV RSWLRQVVRQWWRPEpVRXOHERvWLHUDpWpHQGRPPDJpODSSDUHLOSKRWRRX OHVRSWLRQVQHIRQFWLRQQHQWSDVQRUPDOHPHQWRXIRQFWLRQQHQWGHIDoRQ VHQVLEOHPHQWGLIIpUHQWHODSSDUHLOSKRWRRXOHVRSWLRQVpPHWWHQWGHV EUXLWVGHVRGHXUVRXGHODIXPpHGHIDoRQLQDWWHQGXH
❏
1HUpJOH]MDPDLVGHVFRQWU{OHVVLFHODQªHVWSDVH[SOLFLWHPHQWPHQWLRQQp GDQVOHVFRQVLJQHVGªXWLOLVDWLRQ❏
6LODVROXWLRQGHFULVWDX[OLTXLGHVGHOªpFUDQ/&'IXLWHWVHUpSDQGVXU YRVPDLQVODYH]OHVpQHUJLTXHPHQWDYHFGHOªHDXHWGXVDYRQ(QFDV GHSURMHFWLRQGDQVOHV\HX[ULQFH]OHVLPPpGLDWHPHQWjOHDXFODLUH❏
1HUHJDUGH]SDVGDQVODGLUHFWLRQGXVROHLOjWUDYHUVOHYLVHXUFDUYRXV YRXVH[SRVH]jGHVOpVLRQVRFXODLUHV/256'(/·87,/,6$7,21'(/$'5$*211(
5HVSHFWH]OHVLQVWUXFWLRQVVXLYDQWHVORUVTXHYRXVXWLOLVH]ODGUDJRQQH
❏
1HEDODQFH]SDVOªDSSDUHLOSKRWRFDUYRXVULVTXH]GªHQGRPPDJHU OªDSSDUHLORXGªDXWUHVREMHWVRXGHEOHVVHUTXHOTXªXQ❏
1HWLUH]SDVRXQHVHUUH]SDVWURSIRUWODGUDJRQQHFRQWUHYRXVFDUYRXV SRXUULH]YRXVEOHVVHUJULqYHPHQW❏
&RQVHUYH]ODGUDJRQQHKRUVGHSRUWpHGHVHQIDQWV❏
8WLOLVH]XQLTXHPHQWOHVSLOHVLQGLTXpHVGDQVFHPDQXHOGDQVOHV DSSDUHLOVSKRWRQXPpULTXHV(3621❏
3RXUSUpYHQLUOHVULVTXHVGHFRXUWFLUFXLWQHUHWLUH]MDPDLVOHV PDQFKRQVH[WHUQHVGHVSLOHV❏
1HSODFH]SDVOHVSLOHVDXFRQWDFWGREMHWVPpWDOOLTXHVSLqFHVGH PRQQDLHRXFOpVTXLSRXUUDLHQWOHVFRXUWFLUFXLWHU❏
1HSODFH]SDVOHVSLOHVjSUR[LPLWpRXGDQVXQIHXRXGHOªHDX❏
$YDQWGªXWLOLVHUOHVSLOHVOLVH]DWWHQWLYHPHQWOHVFRQVLJQHVGHVpFXULWp HWGªXWLOLVDWLRQ❏
1ªXWLOLVH]SDVGHSLOHVDXPDQJDQqVH,(&5❏
1HFKDUJH]MDPDLVGHVSLOHVQRQUHFKDUJHDEOHV❏
$ILQGpYLWHUOHVULVTXHVGLQIODPPDWLRQRXGpOHFWURFXWLRQQXWLOLVH]MDPDLVGHSLOHVHQGRPPDJpHVRXSUpVHQWDQWXQpFRXOHPHQW
❏
1HPDQLSXOH]SDVOHVSLOHVDYHFGHVPDLQVKXPLGHVRXjSUR[LPLWpGXQ SRLQWGHDX1H[SRVH]SDVOHVSLOHVjODSOXLHRXjXQHIRUWHKXPLGLWp❏
1HSODFH]SDVOHVSLOHVjSUR[LPLWpRXjOªLQWpULHXUGHVRXUFHVGHFKDOHXU RXGªXQIHX❏
9RXVQHGHYH]SDVODLVVHUWRPEHUOHVSLOHVOHVSHUIRUHUOHVGpPRQWHU OHVPRGLILHURXOHVFRXUWFLUFXLWHU❏
3RXUSUpYHQLUOHVULVTXHVGHFRXUWFLUFXLWQHUHWLUH]MDPDLVOHV PDQFKRQVH[WHUQHVGHVSLOHV❏
1HSODFH]SDVOHVSLOHVDXFRQWDFWGREMHWVPpWDOOLTXHVSLqFHVGH PRQQDLHRXFOpVTXLSRXUUDLHQWOHVFRXUWFLUFXLWHU❏
1LQVpUH]SDVOHVSLOHVGDQVOHVSULVHVPXUDOHVRXGDQVWRXWHDXWUH VRXUFHGDOLPHQWDWLRQpOHFWULTXHFRPPHODOOXPHFLJDUHGXQYpKLFXOH❏
1HVRXGH]SDVGLUHFWHPHQWGHVILOVRXGHVERUQHVGHSORPEVXUOHVSLOHV 5HPSODFHPHQWGHVSLOHV9RXVSRXYH]OHVUHPSODFHUSDUOHVW\SHVGHSLOHVVXLYDQWV 3LOHVDOFDOLQHV$$MHWDEOHV
3LOHV1L0+$$UHFKDUJHDEOHV
3LOHVQLFNHOPDQJDQqVH$$UHFKDUJHDEOHV 5HPDUTXH
/·DXWRQRPLHGHVSLOHVYDULHHQIRQFWLRQGXW\SHHWGXIDEULFDQW
6LYRXVXWLOLVH]GHVSLOHVUHFKDUJHDEOHVGDQVOH/UHPSODFH]OHVSDUTXDWUH SLOHVWRWDOHPHQWFKDUJpHV6LYRXVWURXYH]TXHO·DXWRQRPLHGHVSLOHVGLPLQXHDX ERXWG·XQFHUWDLQQRPEUHGHUHFKDUJHVYHLOOH]jOHVGpFKDUJHUFRPSOqWHPHQWDYDQW GHOHVUHFKDUJHU
w
$77(17,21❏
9RXVQHGHYH]SDVFKDXIIHURXIRUFHUVXUOHVSLOHVHWQHSDVOHV GpPRQWHUOHVIDLUHWRPEHUOHVFRXUWFLUFXLWHUOHVPHWWUHDXIHXRXGDQV GHO·HDX❏
1HODLVVH]SDVOHVSLOHVHQYUDFGDQVYRVSRFKHV❏
1HPpODQJH]SDVGLIIpUHQWVW\SHVGHSLOHVFDUFHODSRXUUDLWSURYRTXHU XQHLQIODPPDWLRQRXXQHH[SORVLRQ❏
8WLOLVH]WRXMRXUVGHVMHX[GHSLOHVSURYHQDQWG·XQPrPHSDTXHW1H PpODQJH]GHVSLOHVXVDJpHVHWGHVSLOHVQHXYHV5DQJHPHQWGHVSLOHV
6LYRXVSUpYR\H]GHQHSDVXWLOLVHUOªDSSDUHLOSKRWRSHQGDQWXQHORQJXH SpULRGHUHWLUH]OHVSLOHVHWUDQJH]OHVGDQVXQHQGURLWIUDLVHWVHF
w
$77(17,21❏
1HVWRFNH]SDVOHVSLOHVDYHFGHVREMHWVPpWDOOLTXHVTXLSRXUUDLHQWOHV FRXUWFLUFXLWHU❏
eYLWH]GHVWRFNHUOHVSLOHVGDQVGHVHQGURLWVH[WUrPHPHQWFKDXGVRX KXPLGHV❏
&RQVHUYH]OHVSLOHVKRUVGHSRUWpHGHVHQIDQWV❏
5HWLUH]WRXMRXUVOHVSLOHVGHO·DSSDUHLOSKRWRHWGXFKDUJHXUDYDQWGH OHVVWRFNHU'HVSLOHVODLVVpHVGDQVO·DSSDUHLOSKRWRRXGDQVOHFKDUJHXU SHQGDQWORQJWHPSVSHXYHQWIXLUHWSURYRTXHUGHVGpJkWV0LVHDXUHEXWGHVSLOHV
$YDQWGHPHWWUHOHVSLOHVDXUHEXWYHLOOH]jOHVGpFKDUJHUFRPSOqWHPHQW
w
$77(17,21❏
$YDQWGHPHWWUHOHVSLOHVDXUHEXWYHLOOH]jUHFRXYULUODERUQHGH FKDTXHSLOHDYHFGXUXEDQDGKpVLISRXUpYLWHUWRXWULVTXHGH FRPEXVWLRQRXG·H[SORVLRQDSUqVODPLVHDXUHEXW❏
0HWWH]OHVSLOHVXVDJpHVDXUHEXWVHORQOHVGLUHFWLYHVGXIDEULFDQWHWHQ FRQIRUPLWpDYHFODUpJOHPHQWDWLRQHQYLJXHXU3RXUSOXVG·LQIRUPDWLRQVVXUOHUHF\FODJHHWODPLVHDXUHEXWGHVSLOHVFRQWDFWH]
O·DGPLQLVWUDWLRQFRQFHUQpH 3RXUOHVXWLOLVDWHXUVGHV3D\V%DV
1HMHWH]SDVOHVSLOHVDYHFOHVGpFKHWVGRPHVWLTXHV0HWWH]OHVSLOHVDXUHEXW GHODPrPHPDQLqUHTXHSRXUOHVSHWLWVGpFKHWVFKLPLTXHVFRQIRUPpPHQWj ODUpJOHPHQWDWLRQORFDOHHWDXPDUTXDJH.&$VXLYDQWGHODSXEOLFDWLRQ 'XWFK*RYHUQPHQW*D]HWWH
3RXUOHVXWLOLVDWHXUV$OOHPDQGV
w
$77(17,21(QFDVGHSURMHFWLRQGDQVOHV\HX[RXVXUODSHDXGDFLGHFRQWHQXGDQVOHV SLOHVODYH]VRLJQHXVHPHQWOD]RQHWRXFKpHjOHDXFODLUHHWFRQVXOWH]XQ PpGHFLQ6LYRXVDYDOH]XQHSLOHFRQVXOWH]LPPpGLDWHPHQWXQPpGHFLQ3285/(687,/,6$7(85'(+21*.21*
(QFDVGHGpWpULRUDWLRQGHODILFKHUHPSODFHUWRXWOHFRUGRQRXIDLWHVDSSHO jXQpOHFWULFLHQTXDOLILp
5HPSODFH]OHVIXVLEOHVXQLTXHPHQWSDUGHVIXVLEOHVGHPrPHWDLOOHHWGH PrPHFDOLEUH
/256'8&+2,;'·81(6285&('·$/,0(17$7,21
/ªDGDSWDWHXUVHFWHXUWUDQVIRUPHODWHQVLRQDOWHUQDWLYHGpOLYUpHSDUXQHSULVH VHFWHXUHQWHQVLRQFRQWLQXHDGDSWpHjYRWUHDSSDUHLOSKRWR(3621
9HXLOOH]OLUHOHVLQVWUXFWLRQVFLGHVVRXV
&RQVHUYH]FHVLQVWUXFWLRQV 5HVSHFWH]WRXVOHVDYHUWLVVHPHQWV 6XLYH]WRXWHVOHVLQVWUXFWLRQV
1ªXWLOLVH]SDVFHWDSSDUHLOSUqVGHOªHDX 1HWWR\H]OHXQLTXHPHQWDYHFXQFKLIIRQVHF
1ªREVWUXH]SDVOHVRULILFHVGªDpUDWLRQ(IIHFWXH]OªLQVWDOODWLRQ FRQIRUPpPHQWDX[GLUHFWLYHVGXIDEULFDQW
1ªHIIHFWXH]SDVOªLQVWDOODWLRQjSUR[LPLWpGHVRXUFHVGHFKDOHXUVWHOOHV TXHUDGLDWHXUVUHJLVWUHVGHFKDOHXUIRXUVRXGªDXWUHVDSSDUHLOV QRWDPPHQWDPSOLILFDWHXUVSURGXLVDQWGHODFKDOHXU
'LVSRVH]OHFRUGRQGªDOLPHQWDWLRQGHIDoRQTXªLOQHVRLWSDVSLpWLQp RXSLQFpSDUWLFXOLqUHPHQWDXQLYHDXGHVILFKHVGHVSULVHV
DX[LOLDLUHVHWjVRQSRLQWGHVRUWLHGHOªDSSDUHLO
8WLOLVH]XQLTXHPHQWOHVVXSSOpPHQWVRXDFFHVVRLUHVVSpFLILpVSDUOH IDEULFDQW
'pEUDQFKH]FHWDSSDUHLOSHQGDQWOHVRUDJHVRXORUVTXHTXªLOQªHVW SDVXWLOLVpSHQGDQWGHORQJXHVSpULRGHV
/HSURGXLWHVWOLYUpDYHFGHVSLOHV/RUVTXHOHVSLOHVVRQW GpFKDUJpHVQHOHVMHWH]SDV0HWWH]OHVDXUHEXWHQWDQWTXHSHWLWV GpFKHWVFKLPLTXHV
1HMHWH]SDVOHVSLOHVDYHFOHVGpFKHWVGRPHVWLTXHV0HWWH]OHV DXUHEXWGDQVXQFRQWHQHXUGHUHF\FODJHFRQIRUPpPHQWjOD UpJOHPHQWDWLRQORFDOH
Français
/ªHQWUHWLHQGRLWrWUHHIIHFWXpSDUGXSHUVRQQHOTXDOLILp8QHQWUHWLHQ HVWUHTXLVORUVTXHOªDSSDUHLODpWpHQGRPPDJpGªXQHPDQLqUHRX GªXQHDXWUHSDUH[HPSOHVLOHFRUGRQGªDOLPHQWDWLRQRXVDILFKHVRQW HQGRPPDJpVVLGXOLTXLGHVªHVWpFRXOpRXVLGHVREMHWVVRQWWRPEpV GDQVOªDSSDUHLOVLFHOXLFLDpWpH[SRVpjODSOXLHRXjOªKXPLGLWpQH IRQFWLRQQHSDVQRUPDOHPHQWRXHVWWRPEp
w
$77(17,21❏
3RXUUpGXLUHOHVULVTXHVG·LQIODPPDWLRQRXG·pOHFWURFXWLRQQ·H[SRVH]MDPDLVFHWDSSDUHLOjODSOXLHRXjO·KXPLGLWp
❏
1HSODFH]SDVO·DSSDUHLOGDQVXQHVLWXDWLRQTXLO·H[SRVHjXQULVTXHGH UXLVVHOHPHQWRXG·pFODERXVVXUHVHWYHLOOH]jQHSDVSODFHUG·REMHWV UHPSOLVGHOLTXLGHGHVYDVHVSDUH[HPSOHVXUO·DSSDUHLO❏
1·XWLOLVH]FHWDGDSWDWHXUTXHGHODIDoRQGpFULWHGDQVODGRFXPHQWDWLRQ GHO·DSSDUHLOSKRWR9pULILH]GDQVODGRFXPHQWDWLRQGHO·DSSDUHLOSKRWR TX·LOV·DJLWELHQGHO·DGDSWDWHXUTXLOXLHVWGHVWLQp❏
/LVH]DWWHQWLYHPHQWWRXWHVOHVFRQVLJQHVG·XWLOLVDWLRQHWGHVpFXULWpFDU XQHXWLOLVDWLRQLQDSSURSULpHSRXUUDLWrWUHjO·RULJLQHGHEOHVVXUHV SURYRTXpHVSDUXQHLQIODPPDWLRQXQHH[SORVLRQGHVIXLWHVXQH VXUFKDXIIHRXXQHpOHFWURFXWLRQ&RQVHUYH]FHVFRQVLJQHVGHVpFXULWpHWG·XWLOLVDWLRQDILQGHSRXYRLU YRXV\UpIpUHUXOWpULHXUHPHQWHQFDVGHEHVRLQ
5HPDUTXH
/·DGDSWDWHXUVHFWHXUPRGqOH$+HVWFRQIRUPHDX[VSpFLILFDWLRQVGHPDUTXDJH
&(VHORQOHVGLUHFWLYHV((&HW((&GHODFRPPXQDXWpHXURSpHQQH
❏
3UHQH]JDUGHDX[ULVTXHVGªpOHFWURFXWLRQ❏
1HPDQLSXOH]SDVFHSURGXLWDYHFOHVPDLQVKXPLGHVRXjSUR[LPLWp GªXQSRLQWGªHDX❏
0DLQWHQH]OHSURGXLWjOªpFDUWGHVVRXUFHVGHFKDOHXU1ªXWLOLVH]SDVOH FKDUJHXUVLODWHPSpUDWXUHDPELDQWHHVWLQIpULHXUHj&RXVXSpULHXUH j&❏
1ªLQVpUH]SDVGªREMHWVGDQVOHVRXYHUWXUHVFDULOVSRXUUDLHQWWRXFKHU YRLUHFRXUWFLUFXLWHUGHVSLqFHVVRXVWHQVLRQ❏
1HGpPRQWH]SDVHWQHPRGLILH]SDVFHSURGXLW❏
8WLOLVH]OHXQLTXHPHQWHQLQWpULHXUGDQVXQHQGURLWVHF❏
1HOªH[SRVH]SDVjOªHDXRXjXQHIRUWHKXPLGLWp❏
1HSODFH]SDVSOXVLHXUVFKDUJHVVXUODPrPHSULVHVHFWHXU❏
9HLOOH]jFHTXHOHFRUGRQGªDOLPHQWDWLRQVRLWFRQIRUPHDX[QRUPHVGH VpFXULWpORFDOHVDSSOLFDEOHV❏
1ªHIIHFWXH]DXFXQEUDQFKHPHQWRXGpEUDQFKHPHQWGHODILFKH GªDOLPHQWDWLRQDYHFOHVPDLQVKXPLGHV❏
/HVFRUGRQVGªDOLPHQWDWLRQGRLYHQWrWUHSURWpJpVGHOªDEUDVLRQGHV FRXSXUHVGHVSLQFHPHQWVHWQHSDVrWUHHQWRUWLOOpV)DLWHVFKHPLQHUOHV FRUGRQVGªDOLPHQWDWLRQGHIDoRQjOHXUpYLWHUWRXWHGpWpULRUDWLRQ1H SODFH]SDVGªREMHWVVXUOHFRUGRQGªDOLPHQWDWLRQHWGLVSRVH]OHGHIDoRQ TXHOªRQQHSXLVVHSDVPDUFKHURXURXOHUGHVVXV(IIRUFH]YRXVGH PDLQWHQLUOHFRUGRQGªDOLPHQWDWLRQGURLWDX[H[WUpPLWpVHWDX[HQGURLWV RLOHQWUHHWVRUWGXWUDQVIRUPDWHXU❏
1HODLVVH]SDVOHFRUGRQGªDOLPHQWDWLRQVªHQGRPPDJHURXVªHIILORFKHU❏
'pEUDQFKH]OªpTXLSHPHQWGHODSULVHVHFWHXUHWIDLWHVDSSHOjXQ WHFKQLFLHQTXDOLILpGDQVOHVFLUFRQVWDQFHVVXLYDQWHV/HFRUGRQGªDOLPHQWDWLRQRXVDILFKHHVWHQGRPPDJpGXOLTXLGHDFRXOp GDQVOªpTXLSHPHQWOªpTXLSHPHQWDpWpH[SRVpjODSOXLHRXjXQ UXLVVHOOHPHQWGªHDXOªpTXLSHPHQWHVWWRPEpRXDpWpHQGRPPDJp OªpTXLSHPHQWQHIRQFWLRQQHSDVQRUPDOHPHQWRXIRQFWLRQQHGHIDoRQ VHQVLEOHPHQWGLIIpUHQWH5pJOH]XQLTXHPHQWOHVFRQWU{OHVGpFULWVGDQV ODGRFXPHQWDWLRQGHOªpTXLSHPHQW
❏
1HWHQWH]MDPDLVGHUpSDUHUFHSURGXLWYRXVPrPH8QHUpSDUDWLRQ LQDSSURSULpHSRXUUDLWVªDYpUHUGDQJHUHXVH❏
'pEUDQFKH]FHSURGXLWGHODSULVHVHFWHXUDYDQWGHOHQHWWR\HU❏
1HWWR\H]OHXQLTXHPHQWDYHFXQFKLIIRQVHFSURSUHHWGRX[❏
1ªXWLOLVH]SDVGHSURGXLWVGHQHWWR\DJHOLTXLGHRXHQDpURVRO❏
&RQVHUYH]OHKRUVGHSRUWpHGHVHQIDQWV❏
3RXUOHVXWLOLVDWHXUVGHVeWDWV8QLVHWGX&DQDGD8WLOLVH]OHFRUGRQGªDOLPHQWDWLRQIRXUQLRXXQFRUGRQGªDOLPHQWDWLRQ GHPjPGHORQJXHXUGHW\SH637RXSOXVIRUWDSSURXYpSDU 8/GHFDOLEUH[$:*DYHFSULVHGH9$HWFRQQHFWHXUGH
❏
9$6LYRXVHQYLVDJH]GªXWLOLVHUOHFRUGRQGªDOLPHQWDWLRQHQ$OOHPDJQH SUHQH]HQFRPSWHOHSRLQWVXLYDQW/HUpVHDXpOHFWULTXHGHOLPPHXEOHGRLWrWUHSURWpJpSDUXQGLVMRQFWHXU GHDPSqUHVSRXUDVVXUHUXQHSURWHFWLRQDGpTXDWHFRQWUHOHV FRXUWVFLUFXLWVHWOHVVXULQWHQVLWpV
,03257$17
)21&7,216(3621
1RXVYRXVUHPHUFLRQVGªDYRLUIDLWOªDFTXLVLWLRQGªXQDSSDUHLO(3621 /&HWDSSDUHLOSKRWRQXPpULTXHGHKDXWHTXDOLWpGLVSRVHHQRXWUH GHQRPEUHXVHVIRQFWLRQVWUqVXWLOHV3UHQH]OHWHPSVGHOLUHDWWHQWLYHPHQW OHVFRQVLJQHVGHFHJXLGHSRXUSRXYRLUSURILWHUHQVXLWHGHVSODLVLUVGHOD SKRWRJUDSKLHSHQGDQWGHQRPEUHXVHVDQQpHV
2EWHQH]GHVXSHUEHVUpVXOWDWVJUkFHDX[QRPEUHXVHV IRQFWLRQVVLPSOHVjXWLOLVHUGHO·DSSDUHLOSKRWR
9RXVSRXYH]REWHQLUGHVSKRWRVGHKDXWHTXDOLWpWRXWFRPPHDYHFXQ DSSDUHLOSKRWRFODVVLTXHjSHOOLFXOH&HWDSSDUHLOSKRWRGLVSRVHGHPRGHV GHYXHVSpFLDX[TXLSHUPHWWHQWXQHSULVHGHYXHDXWRPDWLTXHGDQVWRXWHV OHVVLWXDWLRQV
3RXUOHVPRGHVGHYXHYRLUSDJH
,PSULPH]YRVSKRWRVGLUHFWHPHQWVXUYRWUHLPSULPDQWH (3621
,OQªHVWSDVQpFHVVDLUHGHGLVSRVHUGªXQRUGLQDWHXU9RXVSRXYH]LPSULPHU GLUHFWHPHQWVXUXQHLPSULPDQWH(3621HQXWLOLVDQWXQFkEOH86%YRLU SDJH/HVH[FHOOHQWHVLPDJHVQXPpULTXHVGHOªDSSDUHLOSKRWRSHUPHWWHQW GªREWHQLUGHYpULWDEOHVWLUDJHVGLUHFWVGHKDXWHTXDOLWp
3RXUOªLPSUHVVLRQGLUHFWHYRLUSDJH
$PpOLRUH]YRVSKRWRVjO·DLGHGHIRQFWLRQVG·LPSUHVVLRQ VSpFLDOHV
)DLWHVYRWUHFKRL[GDQVXQHJDPPHpWHQGXHGHFDGUHVVWRFNpVGDQV OªDSSDUHLOSKRWRHWDMRXWH]OHVjYRVSKRWRVORUVTXHYRXVLPSULPH]
GLUHFWHPHQWVXUXQHLPSULPDQWH(3621jSDUWLUGHOªDSSDUHLOSKRWR 3RXU35,17,PDJH)UDPHUYRLUSDJH
3RXUOªLPSUHVVLRQGLUHFWHYRLUSDJH
Français
&KDSLWUH
35e3$5$7,21'(/·$33$5(,/3+272
&HFKDSLWUHYRXVH[SOLTXHFRPPHQWFRQILJXUHUYRWUHDSSDUHLOSKRWRSRXU REWHQLUGHVSHUIRUPDQFHVRSWLPDOHV
e/e0(176
9e5,),&$7,21'8&217(18'8&$5721
9pULILH]TXHOHFDUWRQGHOªDSSDUHLOSKRWRFRQWLHQWWRXVOHVpOpPHQWV UHSUpVHQWpVFLGHVVRXVHWTXªLOVVRQWHQERQpWDW(QFDVGHSUREOqPH DGUHVVH]YRXVDXPDJDVLQGDQVOHTXHOYRXVOªDYH]DFKHWp
%RvWLHUGHO·DSSDUHLO SKRWR
0DQXHOG·XWLOLVDWLRQ
SLOHVDOFDOLQHV$$ 8Q&'520 *XLGHGHVORJLFLHOVGH O·DSSDUHLOSKRWR QXPpULTXH
&DUWHPpPRLUH6'
❏&DUWHPpPRLUHGH 0RPRGqOH/
&DUWHPpPRLUH6'
(QSODFHGDQVO·DSSDUHLOSKRWR
ODOLYUDLVRQOHVSLOHVQHVRQWSDVHQSODFHGDQV O·DSSDUHLOSKRWR
'UDJRQQH
)L[DWLRQGHOD'5$*211(
5HSRUWH]YRXVjO·LOOXVWUDWLRQ
&kEOHRUGLQDWHXU
3HXWrWUHXWLOLVpSRXUFRQQHFWHUO·DSSDUHLOSKRWR jXQHLPSULPDQWHSUHQDQWHQFKDUJHO·LPSUHVVLRQ 86%GLUHFWH67</863KRWR
&kEOHDXGLRYLGpR
&kEOHLPSULPDQWH
$GDSWDWHXUVHFWHXU
$+ &RUGRQG·DOLPHQWDWLRQ GHO·DGDSWDWHXU VHFWHXU
98('('(6686
2EMHFWLIFDFKHREMHFWLI
&HOOXOHSKRWRpOHFWULTXH
0LFUR
°LOOHWGHIL[DWLRQGHODGUDJRQQH
9R\DQWG·LOOXPLQDWLRQ
)ODVKLQWpJUp
7URXILOHWpSRXUIL[DWLRQGXSLHG
&RXYHUFOHGXORJHPHQWGHVSLOHVHWGHODFDUWHPpPRLUH
0RGHFRQILJXUDWLRQ 0RGHFOLS
YLGpR
6pOHFWHXUGHPRGH
0RGHSKRWR
0RGHOHFWXUH
+DXWSDUOHXU
7RXFKH0DUFKH$UUrW
'pFOHQFKHXU 9LVHXU
7RXFKH3ULQW
9R\DQWV 7RXFKH0HQX7RXFKH]RRP
7RXFKH5HYRLU 7RXFKHIODVK
7RXFKH PDFUR
eFUDQ/&' 0XOWLVpOHFWHXU
9R\DQWG·DFFqVj ODFDUWHPpPRLUH
&RXYHUFOHG·DFFqVDX[SULVHV
&RQQHFWHXU DXGLRYLGpR 6RXVOHFRXYHUFOHG·DFFqVDX[SULVHV
&RQQHFWHXU G·LQWHUIDFH QXPpULTXH
&RQQHFWHXUGH O·DGDSWDWHXU VHFWHXU
0XOWLVpOHFWHXU
7RXFKHl
7RXFKHr 7RXFKHu
7RXFKHd 6pOHFWHXUGHPRGH
7RXFKH'LVSOD\
DIILFKDJH
Français 0,6((13/$&('(63,/(6(7'(/$&$57(
0e02,5(
$&&Ë6$8;3,/(6(7/$&$57(0e02,5(
$/(57(
9HLOOH]jpWHLQGUHO·DSSDUHLOSKRWRDYDQWG·RXYULURXGHIHUPHUOHFRXYHUFOHGX ORJHPHQWGHVSLOHVHWGHODFDUWHPpPRLUH
2XYHUWXUHGXFRXYHUFOH
)DLWHVFRXOLVVHUOHFRXYHUFOHGXORJHPHQWGHVSLOHVHWGHODFDUWHPpPRLUH GDQVOHVHQVGHODIOqFKHWRXWHQDSSX\DQWGHVVXV
)HUPHWXUHGXFRXYHUFOH
)DLWHVFRXOLVVHUOHFRXYHUFOHGXORJHPHQWGHVSLOHVHWGHODFDUWHPpPRLUH GDQVOHVHQVGHODIOqFKHMXVTXªjFHTXªXQGpFOLFFRQILUPHVRQYHUURXLOODJH
&200(17,16e5(5(75(7,5(5/$&$57(0e02,5(
/DFDUWHPpPRLUHHVWLQVWDOOpHGDQVOªDSSDUHLOSKRWRHQXVLQH9pULILH]TXªHOOH HVWFRUUHFWHPHQWPLVHHQSODFH
,16(57,21'(/$&$57(0e02,5(
9pULILH]TXHODFDUWHHVWRULHQWpHFRUUHFWHPHQWHWIDLWHVODFRXOLVVHUMXVTXªj FHTXªXQGpFOLFFRQILUPHVRQYHUURXLOODJH
5(75$,7'(/$&$57(0e02,5(
/LEpUH]ODFDUWHHQDSSX\DQWGHVVXVXQHIRLVSXLVHQODUHWLUDQWDYHFOHVGRLJWV DSSX\H]XQHIRLVSRXUODPHWWUHHQSODFHDSSX\H]GHQRXYHDXSRXUOD OLEpUHU
c
,03257$17/DFDUWHPpPRLUHHVWXQFRPSRVDQWpOHFWURQLTXHGHSUpFLVLRQ$ILQG·pYLWHU GHO·HQGRPPDJHUYHXLOOH]UHVSHFWHUOHVFRQVLJQHVFLGHVVRXV❏
1HWRXFKH]SDVOHVFRQWDFWVDYHFOHVGRLJWVRXDYHFGHVpOpPHQWV PpWDOOLTXHVFDUO·pOHFWULFLWpVWDWLTXHDLQVLSURGXLWHSRXUUDLW HQGRPPDJHUODFDUWH$YDQWGHPDQLSXOHUODFDUWHGpFKDUJH]O·pOHFWULFLWpVWDWLTXHTXHYRXVSRUWH]HQWRXFKDQWXQpOpPHQW PpWDOOLTXH
❏
$EVWHQH]YRXVGHSOLHUODFDUWHGHODIDLUHWRPEHURXGHOXLIDLUHVXELU GHVFKRFV❏
&RQVHUYH]ODFDUWHPpPRLUHjO·pFDUWGHO·HDXG·XQHFKDOHXUH[FHVVLYH HWGXUD\RQQHPHQWVRODLUHGLUHFW❏
$EVWHQH]YRXVGHFDVVHUODFDUWHPpPRLUHRXGHODGpPRQWHU 5HPDUTXH9RXVSRXYH]DXVVLXWLOLVHUXQHFDUWH0XOWL0HGLD
9RXVSRXYH]XWLOLVHUXQHFDUWHPpPRLUH6'RXXQHFDUWH0XOWL0HGLDYRLUSDJHV
5HPDUTXH
/DFDUWHPpPRLUHGRLWrWUHUHWLUpHORUVTXH
❏
YRXVYRXOH]WUDQVIpUHUVXUXQRUGLQDWHXUGHVLPDJHVHQUHJLVWUpHVVXUODFDUWH0,6((13/$&('(63,/(6
Veillez à respecter l’orientation des pôles + et - des piles.
0,6((13/$&('(63,/(6
,QVpUH]OHVSLOHVHQUHVSHFWDQWOHVHQVGHVS{OHVLQGLTXpVXUOHFRXYHUFOH 5HPDUTXH
3RXUVDYRLUTXHOOHVSLOHVXWLOLVHUYRLUSDJH
c
,03257$176LYRXVLQVpUH]OHVSLOHVGHIDoRQLQFRUUHFWHYRXVULVTXH]GHSURYRTXHUGHV IXLWHVRXXQHVXUFKDXIIHYRLUHGHYRXVEOHVVHU9RXVULVTXH]DXVVL G·HQGRPPDJHUO·DSSDUHLOSKRWR,1',&$7(85'(&$3$&,7e'(63,/(6
$XIXUHWjPHVXUHGHOªXWLOLVDWLRQGHVSLOHVOªLF{QHFRUUHVSRQGDQWHSDVVH GH j VXUOªpFUDQ/&'
/RUVTXHO·LF{QHSDVVHGH j
/HVSLOHVVRQWSUHVTXHjSODW9RXVGHYUH]OHVUHPSODFHUSURFKDLQHPHQW
/RUVTXHO·LF{QH FOLJQRWH
/HVSLOHVVRQWjSODWHWYRXVQHSRXYH]SOXVSUHQGUHGHSKRWRV
/HYR\DQWSDVVHDXURXJHSXLVOªDSSDUHLOSKRWRVªpWHLQWDXWRPDWLTXHPHQW
w
$77(17,21❏
5HPSODFH]OHVSLOHVHQPrPHWHPSVHWXWLOLVH]OHPrPHPRGqOH❏
/·DXWRQRPLHG·XQHSLOHGpSHQGGHODPDUTXHHWGHODTXDOLWp/HV FRQGLWLRQVHWPRGHVG·XWLOLVDWLRQLQIOXHQWDXVVLVXUO·DXWRQRPLHGHV SLOHV❏
,OQHIDXWSDVUHFKDUJHUGHVSLOHVQRQUHFKDUJHDEOHV3RXUGpFKDUJHU OHVSLOHVVXLYH]OHVLQVWUXFWLRQVIRXUQLHV5HPDUTXH
6LOHVSLOHVVRQWIDLEOHVYRXVSRXYH]VLPSOHPHQWEUDQFKHUO·DGDSWDWHXUVHFWHXUSRXU FRQWLQXHUjXWLOLVHUO·DSSDUHLOSKRWRYRLUSDJH
&21),*85$7,21'(/·$33$5(,/3+272
0,6((10$5&+((7$55È7
0LVHHQPDUFKH
0HWWH]HQPDUFKHOªDSSDUHLOSKRWRHQDSSX\DQWVXUODWRXFKH0DUFKH$UUrW /HFDFKHREMHFWLIVªRXYUHDXWRPDWLTXHPHQWHWOªREMHFWLIVHGpSORLH
,F{QHGHVSLOHV
❏
/HVSLOHVUHFKDUJHDEOHVGRLYHQWrWUHUHFKDUJpHV FRPSOqWHPHQWDYHFOHXUSURSUHFKDUJHXU❏
1HMHWH]SDVOHVSLOHVDYHFOHVGpFKHWVGRPHVWLTXHV❏
0HWWH]OHVDXUHEXWGDQVXQFRQWHQHXUGHFROOHFWHRXGH UHF\FODJHFRQIRUPpPHQWjODUpJOHPHQWDWLRQORFDOHP7RXFKH0$5&+($55È7
Français
$UUrW
/ªDUUrWHVWREWHQXHQDSSX\DQWGHQRXYHDXVXUODWRXFKH0DUFKH$UUrW /ªREMHFWLIVHUpWUDFWHDXWRPDWLTXHPHQWHWOHFDFKHREMHFWLIVHIHUPH 5HPDUTXH
/RUVTXHO·DSSDUHLOSKRWRQ·HVWSDVXWLOLVpSHQGDQWXQFHUWDLQWHPSVLOV·pWHLQW DXWRPDWLTXHPHQWSRXUpFRQRPLVHUOHVSLOHVYRLUSDJH
5e*/$*(6,1,7,$8;
/RUVGHODSUHPLqUHXWLOLVDWLRQGHOªDSSDUHLOSKRWRYRXVGHYH]UpJOHUOHV WURLVpOpPHQWVVXLYDQWV9RXVQªDXUH]jOHIDLUHTXªXQHIRLV
6pOHFWLRQG·XQHODQJXH
/RUVGHODSUHPLqUHPLVHVRXVWHQVLRQOªpFUDQ/DQJXHVªDIILFKH 6pOHFWLRQQH])UDQoDLVjOªDLGHGHVWRXFKHVudSXLVDSSX\H]VXUOD WRXFKH )/$6+YRLUSDJH
5pJODJHGHODGDWHHWGHO·KHXUH
(QVXLWHOªpFUDQ'DWH+HXUHVªDIILFKHOªDQQpHpWDQWHQVXUEULOODQFH 0RGLILH]OHVFKLIIUHVjOªDLGHGHVWRXFKHVud
0HWWH]OªpOpPHQWVXLYDQWHQVXUEULOODQFHjOªDLGHGHVWRXFKHVlr 3RXUHQUHJLVWUHUOHUpJODJHDSSX\H]VXUODWRXFKH )/$6+
3RXUUpWDEOLUOHUpJODJHSUpFpGHQWDSSX\H]VXUODWRXFKH 0$&52 3RXUREWHQLUXQGpILOHPHQWSOXVUDSLGHPDLQWHQH]OHVWRXFKHVud HQIRQFpHV
9RXVSRXUUH]PRGLILHUGHQRXYHDXFHVUpJODJHVXOWpULHXUHPHQWYRLU SDJH
5pJODJHGXVLJQDOGHVRUWLHYLGpR /HGHUQLHUpFUDQDIILFKH6RUWLHYLGpR
0HWWH]OªRSWLRQ3$/RX176&HQVXUEULOODQFHjOªDLGHGHVWRXFKHVud
$SSX\H]HQVXLWHVXUODWRXFKH )/$6+SRXUHQUHJLVWUHUYRLUSDJH /HVUpJODJHVLQLWLDX[VRQWWHUPLQpV
7RXFKHu 7RXFKHd 7RXFKHr
7RXFKH0$&52
7RXFKHl
7RXFKH)/$6+
&KDSLWUH
87,/,6$7,2167$1'$5'
&RPPHQWXWLOLVHUOHPRGHDXWRPDWLTXH
7(18('(/·$33$5(,/3+272'e&/(1&+(0(17 '(/·2%785$7(85
$XFXQHSRVLWLRQGHSULVHGHYXHSDUWLFXOLqUHQªHVWUHTXLVHSRXUFHWDSSDUHLO SKRWRPDLVLOHVWXWLOHGHFRQQDvWUHFHVWHFKQLTXHVGHEDVHSRXUSUHQGUHGH ERQQHVSKRWRV
5HPDUTXH
(QPRGH3,)3ULQW,PDJH)UDPHUXWLOLVDWLRQGHFDGUHVO·LPDJHV·DIILFKHUD SDUIRLVWRXUQpHGH
'e&/(1&+(85(1)21&e)21'280,&2856(
3RVLWLRQVHQIRQFpjIRQGHWjPLFRXUVH
/HGpFOHQFKHXUDXQIRQFWLRQQHPHQWjGHX[QLYHDX[(QIRQFpjPLFRXUVH LODFWLYHOHYR\DQWGªpWDWYHUWFOLJQRWDQW/ªDSSDUHLOSKRWRUqJOH
DXWRPDWLTXHPHQWODPLVHDXSRLQWHWODYLWHVVHGªREWXUDWLRQ (QIRQFH]OHjIRQGSRXUGpFOHQFKHUOªREWXUDWHXU
%RQQHSRVWXUHSRXUGHVSULVHVGHYXHVGDQVOHVHQVKRUL]RQWDO eYLWHUGH
UHFRXUEHUOHGRLJW TXLDSSXLHVXUOH GpFOHQFKHXU
/HVGHX[PDLQV PDLQWLHQQHQW O·DSSDUHLOSKRWR /HVEUDVVRQW pFDUWpVGXFRUSV
/HVJHQRX[
VRQWUDLGHV
/DPDLQJDXFKHIRUPH XQHSODWHIRUPHHQ/
/HVGHX[EUDV VRQWSUqVGX FRUSV
/HVJHQRX[
VRQWOpJqUHPHQW IOpFKLVSRXU DVVXUHUXQ HIIHW G·DPRUWLVVH PHQW 3RVWXUHQRQ
UHFRPPDQ GpH
3RVWXUHSRXU
YLVXDOLVDWLRQGHO·pFUDQ /&'VHQVKRUL]RQWDO 6RXWHQH]WRXMRXUV O·DSSDUHLODYHFODPDLQ JDXFKHIRUPDQWXQ/HW UHOkFKH]OHVpSDXOHV SRXUPDLQWHQLUOHVEUDV HQDYDQW
%RQQHSRVWXUHSRXUGHVSULVHVGHYXHVGDQVOHVHQVYHUWLFDO /HSRXFH
JDXFKHHVW SUqVGXIURQW /HSRXFHGURLW
FRPPDQGHOH GpFOHQFKHXU
/HVGHX[EUDV VRQWSUqVGX FRUSV )RUPHXQ
SLHGSKRWR KXPDLQ
/HVJHQRX[VRQW OpJqUHPHQW IOpFKLVSRXU DVVXUHUXQHIIHW G·DPRUWLVVHPHQW
3RVWXUHSRXU
YLVXDOLVDWLRQGHO·pFUDQ /&'VHQVYHUWLFDO /HSRXFHGURLW FRPPDQGHOH GpFOHQFKHXU/DPDLQ JDXFKHSURWqJH O·pFUDQ/&'SRXUXQH PHLOOHXUHYLVXDOLVDWLRQ
(QIRQFpjPLFRXUVH $OOXPHOHYR\DQW 'pFOHQFKHO·REWXUDWHXU 9R\DQWV
(QIRQFpjIRQG
Français
&216(,/
1·RXEOLH]SDVGHIRUPHUXQHSODWHIRUPHHQ/DYHFODPDLQJDXFKHHWG·pYLWHUGH PDVTXHUO·REMHFWLIRXOHIODVKDYHFYRVGRLJWV6LYRXVUHFRXUEH]O·LQGH[GURLWYRXV ULVTXH]G·DSSX\HUWURSIRUWVXUOHGpFOHQFKHXUHWGHIDLUHDLQVLERXJHUO·DSSDUHLO SKRWRDXPRPHQWGXGpFOHQFKHPHQWGHO·REWXUDWHXU3DUDLOOHXUVLOHVWGLIILFLOHGH PDLQWHQLUODWRXFKHjPLFRXUVHDYHFOHGRLJWUHFRXUEp
3257e('(/·$33$5(,/3+272
/RUVTXHYRXVSUHQH]XQHSKRWRLOHVWSUpIpUDEOHTXHOHVXMHWVHWLHQQHjSOXV GHFPGHOªREMHFWLI
/RUVTXHOHVXMHWHVWjPRLQVGHFPXWLOLVH]OHPRGH0$&52SRXUREWHQLU GHPHLOOHXUVUpVXOWDWVYRLUSDJH
/(6<67Ë0('·,0$*(
&HWWHVHFWLRQH[SOLTXHEULqYHPHQWFRPPHQWSUHQGUHGHVSKRWRV
35,6('(98(/·$,'('(/·e&5$1/&'
9RXVSRXYH]XWLOLVHUOªpFUDQ/&'SRXUFRPSRVHUODSKRWRDYHFPLVHDX SRLQWDXWRPDWLTXH/ªLPDJHFDSWXUpHVªDIILFKHSXLVGLVSDUDvW
c
,03257$173UHQH]JDUGHGHQHSDVSODFHUYRVGRLJWVGHYDQWO·REMHFWLI1HWHQWH]SDVGH GpSOR\HURXGHUpWUDFWHUO·REMHFWLIPDQXHOOHPHQWFDUFHODSRXUUDLW HQGRPPDJHUOHPpFDQLVPH$SSX\H]VXUODWRXFKH0DUFKH$UUrWSRXUPHWWUHO·DSSDUHLOSKRWR VRXVWHQVLRQ
/ªREMHFWLIVHGpSORLHDXWRPDWLTXHPHQWHWOHFDFKHREMHFWLIVªRXYUH /DSKRWRVªDIILFKHVXUOªpFUDQ/&'
&HQWUH]OHVXMHWGDQVOHFDGUHGHPLVHDXSRLQWDXFHQWUHGHO·pFUDQ /&'
$SSX\H]jPLFRXUVHVXUOH'e&/(1&+(85SRXUUpJOHUODPLVHDX SRLQW
/RUVTXHODPLVHDXSRLQWHVWIDLWHOHYR\DQWUHVWHDOOXPpHWOHFDGUHGH PLVHDXSRLQWGHYLHQWYHUWVXUOªpFUDQ/&'/RUVTXHODPLVHDXSRLQW QªHVWSDVERQQHOHYR\DQWFOLJQRWHHWOHFDGUHGHPLVHDXSRLQWGHYLHQW URXJHVXUOªpFUDQ/&''DQVFHFDVUHWLUH]YRWUHGRLJWGXGpFOHQFKHXU HWHVVD\H]GHUHIDLUHODPLVHDXSRLQW
)R\HU FP
7RXUQH]OH6e/(&7(85'(02'(VXU3+272
7RXFKH0$5&+($55È7P
9HXLOOH]QRWHUTXHODPLVHDXSRLQWQHSHXWrWUHUpDOLVpHVLOHVXMHWHVWj PRLQVGHFPGHOªREMHFWLI8WLOLVH]OHPRGH0$&52YRLUSDJH
$SSX\H]jIRQGVXUOH'e&/(1&+(85SRXUSUHQGUHODSKRWR 'qVTXHYRXVHQWHQGH]OHGpFOLFGXGpFOHQFKHXUODSKRWRHVW HQUHJLVWUpH&HVLJQDOVRQRUHSHXWrWUHGpVDFWLYpYRLUSDJH
8QHIRLVODSKRWRHQUHJLVWUpHODIRQFWLRQYXHUDSLGHO·DIILFKHSHQGDQW VHFRQGHV
6LYRXVDSSX\H]VXUOHGpFOHQFKHXUjPLFRXUVHOªLPDJHGH
FRQILUPDWLRQGLVSDUDvWGHOªpFUDQ/&'HWYRXVrWHVSUrWjSUHQGUHOD SKRWRVXLYDQWH
/RUVTXHYRXVDYH]WHUPLQpDSSX\H]VXUODWRXFKH0$5&+($55È7 SRXUPHWWUHO·DSSDUHLOSKRWR+2567(16,21
/ªREMHFWLIVHUpWUDFWHHWOHFDFKHREMHFWLIVHIHUPH
$&7,9$7,21'e6$&7,9$7,21'(/$)21&7,2198(
5$3,'(
&HV\VWqPHHQYRLHODSKRWRHQUHJLVWUpHjOªpFUDQ/&'VHFRQGHVDSUqVOD FDSWXUHGHOªLPDJH&HWWHIRQFWLRQSHXWrWUHDFWLYpHRXGpVDFWLYpH
6pOHFWLRQQH]98(5$3,'(jO·DLGHGHVWRXFKHVud 6pOHFWLRQQH]28,121jO·DLGHGHVWRXFKHVlr
/DSKRWRHQUHJLVWUpHVªDIILFKH(OOHGLVSDUDvWDXERXWGHVHFRQGHVRX DYDQWVLOªRQHQIRQFHOHGpFOHQFKHXUjPLFRXUVH
6LYRXVXWLOLVH]XQLTXHPHQWOH9,6(85ODIRQFWLRQ98(5$3,'(QH IRQFWLRQQHSDV
0e7+2'(87,/,6$1781,48(0(17/(9,6(85
&RPPHQWSUHQGUHGHVSKRWRVHQXWLOLVDQWXQLTXHPHQWOHYLVHXUOªpFUDQ/&' pWDQWpWHLQW/DPpWKRGHHVWVHPEODEOHjFHOOHXWLOLVpHDYHFXQDSSDUHLOSKRWR jWpOpPqWUHVWDQGDUG(OOHSHUPHWGªpFRQRPLVHUOHVSLOHVSDUUDSSRUWjOD PpWKRGHXWLOLVDQWOªpFUDQ/&'SRXUFRPSRVHUOHVSKRWRV
c
,03257$173UHQH]JDUGHGHQHSDVSODFHUYRVGRLJWVGHYDQWO·REMHFWLI1HWHQWH]SDVGH GpSOR\HURXGHUpWUDFWHUO·REMHFWLIPDQXHOOHPHQWFDUFHODSRXUUDLW HQGRPPDJHUOHPpFDQLVPH$SSX\H]VXUOD728&+(0$5&+($55È7SRXUPHWWUHO·DSSDUHLO SKRWRVRXVWHQVLRQ
/ªREMHFWLIVHGpSORLHDXWRPDWLTXHPHQWHWOHFDFKHREMHFWLIVªRXYUH/H VXMHWDSSDUDvWVXUOªpFUDQ/&'
3DUODVXLWHO·H[SOLFDWLRQFRQFHUQDQWODPLVHVRXVWHQVLRQVHUDRPLVH
9R\DQWYHUW
&DGUHGHPLVHDXSRLQW
7RXUQH]OH6e/(&7(85'(02'(VXU6(783HW DSSX\H]VXUODWRXFKH0$5&+($55È7
7RXUQH]OH6e/(&7(85'(02'(VXU3+272
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd
7RXFKH0$5&+($55È7P
Français
$SSX\H]VXUOD728&+(',63/$<SRXUPHWWUHO·pFUDQ/&'KRUV WHQVLRQ
3RXUGHVH[SOLFDWLRQVVXUODWRXFKH',63/$<YRLUSDJH
&HQWUH]OHVXMHWGDQVOHFDGUHGHPLVHDXSRLQW
/ªDSSDUHLOSKRWRHIIHFWXHODPLVHDXSRLQWVXUOªLPDJHVLWXpHH[DFWHPHQW DXFHQWUHGXFDGUH
$SSX\H]jPLFRXUVHVXUOH'e&/(1&+(85SRXUUpJOHUODPLVHDX SRLQW
/RUVTXHODPLVHDXSRLQWHVWWHUPLQpHOHYR\DQWUHVWHDOOXPp/RUVTXH ODPLVHDXSRLQWQªHVWSDVERQQHOHYR\DQWFOLJQRWH'DQVFHFDVUHWLUH]
YRWUHGRLJWGXGpFOHQFKHXUHWHVVD\H]GHUHIDLUHODPLVHDXSRLQW
9HXLOOH]QRWHUTXHODPLVHDXSRLQWQHSHXWrWUHUpDOLVpHVLOHVXMHWHVWj PRLQVGHFPGHOªREMHFWLI8WLOLVH]OHPRGH0$&52YRLUSDJH
$SSX\H]jIRQGVXUOH'e&/(1&+(85SRXUSUHQGUHODSKRWR /HGpFOLFVRQRUHLQGLTXHTXHOªREWXUDWHXUVªHVWGpFOHQFKp3RXU GpVDFWLYHUOHGpFOLFVRQRUHYRLUSDJH'qVTXHOHYR\DQWVªDUUrWHGH FOLJQRWHUYRXVrWHVSUrWjSUHQGUHODSKRWRVXLYDQWH
/RUVTXHYRXVDYH]WHUPLQpQ·RXEOLH]SDVGHPHWWUHO·DSSDUHLOSKRWR KRUVWHQVLRQHQDSSX\DQWVXUODWRXFKH0$5&+($55È7
/ªREMHFWLIVHUpWUDFWHHWOHFDFKHREMHFWLIVHIHUPHDXWRPDWLTXHPHQW 3DUODVXLWHO·H[SOLFDWLRQFRQFHUQDQWODPLVHKRUVWHQVLRQVHUDRPLVH
$/(57(
/RUVTXHYRXVXWLOLVH]OHYLVHXUSRXUSUHQGUHGHVSKRWRVHQSODQUDSSURFKpLOH[LVWH XQHOpJqUHGLIIpUHQFHQRPPpHSDUDOOD[HHQWUHFHTXHYRXVYR\H]GDQVOHYLVHXUHW FHTXHO·DSSDUHLOSKRWRHQUHJLVWUHUpHOOHPHQWjWUDYHUVO·REMHFWLI1HSHUGH]SDVGH YXHFHWWHSDUWLFXODULWpGDQVOHVSULVHVGHYXHHQJURVSODQjO·DLGHGXYLVHXU 5HPDUTXH
/RUVTXHYRXVSUHQH]GHVSKRWRVHQXWLOLVDQWOH9,6(85pFUDQ/&'pWHLQWXQDSSXL VXUODWRXFKH0(18SURYRTXHO·DIILFKDJHSHUPDQHQWGHVPHQXVGHIRQFWLRQVDILQ TXHYRXVSXLVVLH]PRGLILHUGHVUpJODJHVGDQVGLIIpUHQWHVVLWXDWLRQVYRLUOHVSDJHV 9RXVSRXYH]GpVDFWLYHUO·DIILFKDJHGHVPHQXVHQDSSX\DQWGHQRXYHDXVXUODWRXFKH 0(18
9,6(85
7RXFKH',63/$<
/HYLVHXUSHQGDQWODSULVHGHYXH
9R\DQWYHUW
6,/·,0$*(&$3785e(1·(673$6'$16/(&$'5('(0,6(
$832,17
/DPLVHDXSRLQWDXWRPDWLTXHQHIRQFWLRQQHTXHVLOHVXMHWVHWURXYHGDQVOH
&$'5('(0,6($832,17GXYLVHXUORUVTXHOH'e&/(1&+(85HVW HQIRQFpjPLFRXUVH8QHIRLVODPLVHDXSRLQWYHUURXLOOpHVXUOHVXMHWYRXV SRXYH]UpJOHUOHFDGUHHQIRQFWLRQGHODFRPSRVLWLRQVRXKDLWpHHWDSSX\HU jIRQGVXUOH'e&/(1&+(85
3ODFH]OHVXMHWDXFHQWUHGXFDGUHGHPLVHDXSRLQW
7RXWFRPPHDYHFOªpFUDQ/&'YRXVGHYH]SRVLWLRQQHUOªREMHWVXUOHTXHO VHIHUDODPLVHDXSRLQWDXFHQWUHGXYLVHXU
$SSX\H]jPLFRXUVHVXUOHGpFOHQFKHXUSRXUUpJOHUODPLVHDXSRLQW /RUVTXHODPLVHDXSRLQWHVWIDLWHOHYR\DQWVªDUUrWHGHFOLJQRWHUVXU OªpFUDQ/&'HWGDQVOH9,6(85
0DLQWHQH]ODSRVLWLRQjPLFRXUVHGXGpFOHQFKHXUHWDXEHVRLQ UHFDGUH]jYRWUHJXLVH
$SSX\H]jIRQGVXUOHGpFOHQFKHXUSRXUSUHQGUHODSKRWR /HGpFOLFVRQRUHLQGLTXHTXHOªREWXUDWHXUVªHVWGpFOHQFKp
=220237,48((7=220180e5,48(
&HWDSSDUHLOSKRWRSRVVqGHXQ=220237,48(;HWXQ=220 180e5,48(;/RUVTXHYRXVXWLOLVH]OH=220180e5,48(YRXV GHYH]DFWLYHUOªpFUDQ/&'SRXUYRLUOªDJUDQGLVVHPHQW;HWFRPSRVHU OªLPDJHFRUUHFWHPHQW
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
9R\DQWYHUW
'LVWDQFHVIRFDOHVFRXYHUWHVSDUOH
]RRPRSWLTXHGHPP 'RXEOHDJUDQGLVVHPHQW
QXPpULTXHGHPP
3/$*('8=220237,48(; =220180e5,48(;
3RXUHIIHFWXHUXQ]RRP DYDQWDSSX\H]VXU73RXU HIIHFWXHUXQ]RRPDUULqUH DSSX\H]VXU:
3RXUDFWLYHUOH=220QXPpULTXH DSSX\H]VXU7MXVTX·jO·DUUrWGX ]RRPDYDQWUHWLUH]YRWUHGRLJWHW DSSX\H]GHQRXYHDXVXU73RXU GpVDFWLYHUODIRQFWLRQGH]RRP QXPpULTXHDSSX\H]VXU:MXVTX·j O·DUUrWGX]RRPDUULqUHSXLVUHWLUH]
YRWUHGRLJWHWDSSX\H]GH QRXYHDXVXU:
Français
5HPDUTXH
6pOHFWLRQGX]RRPQXPpULTXHSDUOH0(18
$SUqVDYRLUDSSX\pVXUODWRXFKH0(18VpOHFWLRQQH]OH]RRPQXPpULTXHjO·DLGH GHVWRXFKHVlr
6pOHFWLRQQH]28,RX121jO·DLGHGHVWRXFKHVdu 5HPDUTXH
/RUVTXHYRXVXWLOLVH]XQDJUDQGLVVHPHQWQXPpULTXHOH]RRPHVWYLVLEOHVXUOHF{Wp GURLWGH7
$/(57(
9RXVSRXYH]DXVVLXWLOLVHUOH]RRPQXPpULTXHORUVGHSULVHVGHYXHVDYHFOH9,6(85 HQQHSHUGDQWSDVGHYXHTXHWRXWHVOHVLPDJHVDPpOLRUpHVQXPpULTXHPHQWSHUGHQW HQUpVROXWLRQ
3$5$0Ë75(6'(&$3785('·,0$*(
6pOHFWLRQGHODUpVROXWLRQHWGHODFRPSUHVVLRQ
$SSX\H]VXUODWRXFKH0(18HWVpOHFWLRQQH]5e62/87,21jO·DLGH GHVWRXFKHVlr
O·DLGHGHVWRXFKHVudVpOHFWLRQQH]OHQRPEUHGHSL[HOVODWDLOOH FRUUHVSRQGDQWjXQHUpVROXWLRQ6WDQGDUG)LQHRX6XSHUILQH
$SSX\H]VXUODWRXFKH0(18HWVpOHFWLRQQH]&RPSUHVVLRQjO·DLGH GHVWRXFKHVlr
$YHFOªRSWLRQ1RUPDOHOHWDX[GHFRPSUHVVLRQHVWpOHYpFHTXLUHTXLHUW PRLQVGHPpPRLUHPDLVSURGXLWXQHLPDJHGHSOXVIDLEOHTXDOLWp /ªRSWLRQ)LQHSURGXLWODTXDOLWpGªLPDJHODSOXVpOHYpHPDLVUHTXLHUW SOXVGHPpPRLUH
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
Digital Zoom
5e62/87,21 / /=220
180e5,48( / /=220
180e5,48(
6WDQGDUG ×SL[HOV ×SL[HOV ×SL[HOV ×SL[HOV
)LQH ×
SL[HOV ×
SL[HOV ×
SL[HOV ×SL[HOV
6XSHUILQH ×
SL[HOV ×
SL[HOV ×
SL[HOV ×SL[HOV
&HWH[HPSOHG·pFUDQ SURYLHQWGXPRGqOH/
Compression Normal
Fine
6pOHFWLRQQH]ODFRPSUHVVLRQ1RUPDOHRX)LQHjO·DLGHGHVWRXFKHV ud
5HPDUTXH
3DUDPqWUHVGHTXDOLWpGHODSKRWR
/HQRPEUHGHSKRWRVVXVFHSWLEOHVG·rWUHHQUHJLVWUpHVVXUODFDUWHPpPRLUHGpSHQGGH OHXUTXDOLWpYRLUSDJH
9RWUHGHUQLHUFKRL[HVWPpPRULVpSDUO·DSSDUHLOSKRWRORUVTX·LOHVWPLVKRUVWHQVLRQ /·DSSDUHLOSKRWRHVWUpJOpHQXVLQHDYHFO·RSWLRQGHFRPSUHVVLRQ1RUPDOH6LYRXV FKDQJH]FHUpJODJHHWVpOHFWLRQQH]O·RSWLRQ©)LQHªODTXDOLWpGHYRVSKRWRVVHUD PHLOOHXUHYRLUSDJHPDLVYRXVQHSRXUUH]HQHQUHJLVWUHUTX·XQQRPEUH UHVWUHLQWVXUODFDUWHPpPRLUH
'DQVOHPRGH&OLSVYLGpROHQLYHDXGHTXDOLWpG·LPDJHHVWUpJOpDXWRPDWLTXHPHQW
&21),50$7,21'8120%5('(3+2726
/HQRPEUHGHSKRWRVVWRFNpHVVXUODFDUWHPpPRLUHDYHFOHVUpJODJHVGH TXDOLWpHWGHUpVROXWLRQDFWXHOVHVWDIILFKpVXUOªpFUDQ/&'
1RPEUHGHSKRWRVDSSUR[LPDWLI
'HVGRQQpHVGHFDGUHVVHURQWpJDOHPHQWLQVWDOOpHVVXUODFDUWHPpPRLUH6' IRXUQLH&HFLSHXWUpGXLUHOHWRWDOLQGLTXpGDQVOHWDEOHDX
$/(57(
❏
/HVQRPEUHVFLWpVVRQWLVVXVG·HVVDLVHQXVLQHHIIHFWXpVSDUOHIDEULFDQW❏
/HVQRPEUHVTXLV·DIILFKHQWVXUO·pFUDQ/&'QHVRQWGRQQpVTX·jWLWUHLQGLFDWLI /HVQRPEUHVUpHOVSHXYHQWYDULHU❏
/HVQRPEUHVTXLV·DIILFKHQWVXUO·pFUDQ/&'YDULHQWHQIRQFWLRQGHVUpJODJHV GHFDSWXUHG·LPDJH❏
/HQRPEUHDIILFKpVXUO·pFUDQ/&'SHXWFKDQJHUDSUqVFKDTXHSKRWR(QUpDOLWp FKDTXHSKRWRUHTXLHUWXQHTXDQWLWpGHPpPRLUHGLIIpUHQWH/HQRPEUHHVWFDOFXOp G·DSUqVXQHPR\HQQHGpWHUPLQpHHQXVLQH❏
3RXUOHV&/,369,'e2OHQRPEUHGHSKRWRVTXHYRXVSRXYH]SUHQGUHYDULH GDQVG·pQRUPHVSURSRUWLRQV3RXUSOXVG·LQIRUPDWLRQVVXUOHV&/,369,'e2 YRLUSDJH❏
/HQRPEUHPD[LPXPGHSKRWRVHVWGH ,1)2&RPSDUDLVRQGHVFDUWHVPpPRLUH6'DQG0XOWL0HGLD9RXVSRXYH]XWLOLVHULQGLIIpUHPPHQWXQHFDUWHPpPRLUH6'0HPRU\RX 0XOWL0HGLD&DUG00&DYHFFHWDSSDUHLOSKRWR/DFDUWHPpPRLUH6'HVWWUqV UDSLGHHWHVWHQPHVXUHG·DFFHSWHUGHJUDQGHVTXDQWLWpVGHGRQQpHV/DFDUWH 0XOWL0HGLDUHTXLHUWPRLQVGHFRXUDQWHWSHUPHWG·pFRQRPLVHUOHVSLOHV
6LYRXVGpFLGH]G·DFKHWHUXQHQRXYHOOHFDUWHPpPRLUHODFDUWH6'HVWUHFRPPDQGpH SRXUVDYLWHVVHHWVRQDSWLWXGHjYHUURXLOOHUHWSURWpJHUYRVGRQQpHVYRLUSDJH
&200$1'('8)/$6+
9RXVSRXYH]PRGLILHUOHUpJODJHGXIODVKHQDSSX\DQWVXUOD WRXFKH )/$6+HWHQREVHUYDQWOHVLF{QHVVXUOªpFUDQ/&'
/HPRGHFKDQJHFKDTXHIRLVTXHYRXVDSSX\H]VXUODWRXFKH )/$6+
4XDOLWp 1RPEUHGHSKRWRV
DSSUR[LPDWLI/0R 1RPEUHGHSKRWRV DSSUR[LPDWLI/0R
&2035(66,21 1RUPDOH )LQH 1RUPDOH )LQH
5e62/87,21
6WDQGDUG LPDJHV
HQYLURQ LPDJHV
HQYLURQ LPDJHV
HQYLURQ LPDJHV
HQYLURQ
)LQH LPDJHV
HQYLURQ LPDJHV
HQYLURQ LPDJHV
HQYLURQ LPDJHV
HQYLURQ 6XSHUILQH LPDJHV
HQYLURQ LPDJHV
HQYLURQ LPDJHV
HQYLURQ LPDJHV HQYLURQ 1RPEUHG·LPDJHV
9R\DQW ,F{QHVGXPRGH)/$6+
7RXFKH)/$6+
/RUVTXHOHYR\DQWHVWYHUWHW FOLJQRWHODSLOHHVWHQFRXUV GHUHF\FODJHSRXUOD SURFKDLQHSULVHGHYXH
Français
5HPDUTXH 3KRWRVIORXHV
/RUVG·XQHSULVHGHYXHDYHFOHUpJODJH©6DQVIODVKªRX©)ODVKIRUFpªV\QFKUR OHQWHODYLWHVVHGHGpFOHQFKHPHQWHVWLQIpULHXUHjVHQJUDQGDQJOHHWjV HQWpOpREMHFWLIFHVIDLEOHVYLWHVVHVHQIDLEOHOXPLqUHO·LPDJHSHXWrWUHIORXHHQFDV GHERXJpGHO·DSSDUHLOSKRWRXQYR\DQWYHUWFOLJQRWHSRXUYRXVSUpYHQLU
,1)23ULVHGHYXHDYHFV\QFKUROHQWH
&HWWHWHFKQLTXHYRXVSHUPHWGHV\QFKURQLVHUOHIODVKDYHFODSULVHGHYXHDX[IDLEOHV YLWHVVHVG·REWXUDWLRQ'DQVODSOXSDUWGHVFDVVLOHIODVKHVWXWLOLVpVXUXQHVFqQH WUqVVRPEUHO·DUULqUHSODQUHVWHVRPEUHVXUODSKRWR$YHFOHUpJODJH©)ODVKIRUFp ª OHWHPSVG·H[SRVLWLRQHVWSOXVLPSRUWDQWSULVHGHYXHHQV\QFKUROHQWHFHTXL pFODLUFLWO·DUULqUHSODQ/·XWLOLVDWLRQG·XQSLHGHVWUHFRPPDQGpHSRXUpYLWHUOHIORX
)RQFWLRQVSULQFLSDOHVGHVLF{QHVGHIODVK
3RUWpHGXIODVK
6HQVLELOLWp,62YRLUSDJH
87,/,6$7,21'85(7$5'$7(85
8WLOLVH]OHUHWDUGDWHXUORUVTXHYRXVVRXKDLWH]SUHQGUHXQHSKRWRGH YRXVPrPHRXGªXQJURXSHGDQVOHTXHOYRXVVRXKDLWH]ILJXUHU3DUDLOOHXUV FHWWHIRQFWLRQVXSSULPHOHULVTXHGHIORX
$SSX\H]VXUODWRXFKH0(18HWVpOHFWLRQQH] 5(7$5'$7(85j O·DLGHGHVWRXFKHVlr
6pOHFWLRQQH]VRXVjO·DLGHGHVWRXFKHVud
&216(,/
5HWDUGDWHXUFRXUW
/HVSKRWRVSULVHVGHQXLWDXFRXFKHUGXVRXOHURXHQPRGH0$&52SHXYHQWrWUH IORXHV/HIORXDIIHFWDQWOHVFOLFKpVSURYLHQWVRXYHQWGXIDLWTXHO·DSSDUHLODERXJp REWXUDWHXURXYHUWORUVGHO·DSSXLVXUOHGpFOHQFKHXU6LOHUHWDUGDWHXUFRXUWHVW DFWLYpO·REWXUDWHXUVHGpFOHQFKHVHFRQGHVDSUqVO·DSSXLVXUOHGpFOHQFKHXUFHTXL DXJPHQWHOHVFKDQFHVG·REWHQLUGHVSKRWRVQHWWHV/HYR\DQWFOLJQRWHUDSLGHPHQW
)ODVKDXWRPDWLTXH
UpJODJHSDUGpIDXW /HIODVKVHGpFOHQFKHDXWRPDWLTXHPHQW SRXUOHVVFqQHVVRPEUHV6XUXQHVFqQH ELHQpFODLUpHOHIODVKQHVHGpFOHQFKH SDV&HUpJODJHFRQYLHQWjODSOXSDUWGHV VLWXDWLRQV
3DVGHIODVK /HIODVKHVWGpVDFWLYpPrPHSRXUOHV VFqQHVVRPEUHV8WLOLVH]FHUpJODJHSRXU GHVSULVHVGHYXHGHQXLWRXORUVTXH O·XWLOLVDWLRQGXIODVKHVWLQWHUGLWH9HXLOOH]
QRWHUTXHFHVSULVHVGHYXHULVTXHQWG·rWUH IORXHVHQUDLVRQGHVWUqVIDLEOHVYLWHVVHV G·REWXUDWLRQHQMHX©3DVGHIODVKªHVWOH UpJODJHDXWRPDWLTXHHQPRGH5$)$/(
RX&/,39,'e2
$QWL\HX[URXJHV
DXWRPDWLTXH 8WLOLVH]FHUpJODJHORUVTXHYRXVXWLOLVH]OH IODVKODQXLWRXHQLQWpULHXU/HIODVKVH GpFOHQFKHXQHSUHPLqUHIRLVSXLVXQH GHX[LqPHIRLVDXPRPHQWGHODSULVHGH YXH&HFLSHUPHWGHUpGXLUHOH
SKpQRPqQH©\HX[URXJHVª
)ODVKIRUFp /HIODVKVHGpFOHQFKHSRXUFKDTXHSULVH GHYXHTXHOOHTXHVRLWODOXPLQRVLWp 8WLOLVH]FHUpJODJHORUVTXHO·DUULqUHSODQ HVWOXPLQHX[RXORUVTXHYRXVHIIHFWXH]
XQHSULVHGHYXHIDFHDXVROHLO/RUVTXHOD VFqQHHVWVRPEUHOHWHPSVG·H[SRVLWLRQ
6HQVLELOLWp,62 1RUPDOH
JUDQGDQJOH 1RUPDOH
WpOpREMHFWLI
6HQVLELOLWpVWDQGDUG ,62 P P
+DXWHVHQVLELOLWp ,62 P P
7UqVKDXWHVHQVLELOLWp ,62 P P
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKH0(18
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd
&HQWUH]O·LPDJHHWHQIRQFH]OH'e&/(1&+(85 'DQVOHPRGHVOHYR\DQWFOLJQRWH
OHQWHPHQWSHQGDQWVHFRQGHVSXLVSOXV UDSLGHPHQWSHQGDQWOHVGHUQLqUHV VHFRQGHVDYDQWOHGpFOHQFKHPHQWGH OªREWXUDWHXU9RXVHQWHQGH]pJDOHPHQW XQELSVRQRUHWRXWHVOHVVHFRQGHV /RUVTXHODIUpTXHQFHGXFOLJQRWHPHQW DXJPHQWHOHVLJQDOVRQRUHHVWpPLV WRXWHVOHVVHFRQGH,OSHXWrWUH GpVDFWLYpYRLUSDJH
5HPDUTXH
6LYRXVYRXOH]DUUrWHUOHSURFHVVXVDSUqVDYRLUHQIRQFp
OHGpFOHQFKHXUHQPRGHUHWDUGDWHXUDSSX\H]VLPSOHPHQWVXUODWRXFKH 0$&52 /RUVTXHYRXVXWLOLVH]FHPRGH(3621UHFRPPDQGHG·XWLOLVHUXQSLHGRXGHSODFHU O·DSSDUHLOSKRWRVXUXQHVXUIDFHSODQH
6<67Ë0('(/(&785(
9RXVSRXYH]OLUHGHVLPDJHVHWGHVFOLSVYLGpRGHSOXVLHXUVIDoRQV
/(&785(81(81(
3RXUDIILFKHUO·LPDJHSUpFpGHQWHDSSX\H]VXUODWRXFKHl 3RXUDIILFKHUO·LPDJHVXLYDQWHDSSX\H]VXUODWRXFKHr
9RXVSRXYH]HIIDFHUFHWWHLPDJHHQDSSX\DQWVXUODWRXFKH 0$&52YRLU SDJH&KDTXHIRLVTXHYRXVDSSX\H]VXUODWRXFKH',63/$<OHVLF{QHVGHOªpFUDQ /&'SHXYHQWrWUHDFWLYpHVRXGpVDFWLYpHV
$)),&+$*('(3/86,(856,0$*(6
/ªpFUDQ/&'SHXWDIILFKHULPDJHVjODIRLV
$SSX\H]VXUODWRXFKH:=220SRXUDIILFKHULPDJHVjODIRLV &KDQJH]OHVLPDJHVHQDSSX\DQWVXUODWRXFKHudl r
3RXUDIILFKHUXQHLPDJHVHXOHPHQWDSSX\H]VXUODWRXFKH7=220 5HPDUTXH
/HVV\PEROHVVXLYDQWVSHXYHQWV·DIILFKHUVXUO·pFUDQ/&' 'RQQpHVGH&/,39,'e2SDJH
&DGUH3,)SDJH
'RQQpHVTXLQHSHXYHQWrWUHDIILFKpHVRXLPSULPpHV
$*5$1',66(0(17'(/·,0$*(685/·e&5$1/&'
&RPPHQWDJUDQGLUMXVTXªjIRLVGHVLPDJHVFDSWXUpHV
$SSX\H]VXUODWRXFKH7=220
/DWRXFKH7DJUDQGLWOªLPDJHODWRXFKH:ODUpGXLW
6LYRXVFRQWLQXH]jDSSX\HUVXUODWRXFKH:OªLPDJHUHYLHQWjVDWDLOOH QRUPDOH
'pSODFH]OD]RQHGªLQGLFDWLRQjOªDLGHGHVWRXFKHVudlr
&KDTXHIRLVTXHYRXVDSSX\H]VXUODWRXFKH',63/$<OHVLFRQHVGH OªpFUDQ/&'SHXYHQWrWUHDFWLYpHVRXGpVDFWLYpHV
7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21 /ªDSSDUHLOSKRWRMRXHOHU{OHGªXQHYLVLRQQHXVH HWHIIHFWXHODOHFWXUHGHVSKRWRVTXHYRXVYHQH]
GHSUHQGUH
/HYR\DQWFOLJQRWH OHQWHPHQWSHQGDQW VHFRQGHV
/HYR\DQWFOLJQRWH UDSLGHPHQW SHQGDQWVHFRQGHV
/·REWXUDWHXUVH
GpFOHQFKH 9R\DQWG·LOOXPLQDWLRQ
7RXFKH0$5&+($55È7P
7RXFKH',63/$<
7RXFKH0$&52
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd 7RXFKHV=220: 7RXFKHV=2207
7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21
Français
$1,0$7,21
9RXVSRXYH]OLUHOHVSKRWRVHQVpULH9RXVSRXYH]DXVVLOHVWRXUQHU
$SSX\H]VXUODWRXFKH0(18HWVpOHFWLRQQH]$1,0$7,21jO·DLGH GHVWRXFKHVlr
5HPDUTXH
(QPRGHDQLPDWLRQFKDTXHLPDJHIL[HUHVWHDIILFKpHSHQGDQWVHFRQGHV'qVTXH O·DQLPDWLRQGpPDUUHOHVLPDJHVIL[HVHWOHVVpTXHQFHVGHFOLSVYLGpRVRQWOXHVHQ ERXFOH
3RXUGpPDUUHUO·DQLPDWLRQDSSX\H]VXUODWRXFKH )/$6+
3RXULQWHUURPSUHOªDQLPDWLRQDSSX\H]VXUODWRXFKH 0$&523RXU UHSUHQGUHOªDQLPDWLRQDSSX\H]VXUODWRXFKH 0$&52
3RXUTXLWWHUOªDQLPDWLRQDSSX\H]VXUODWRXFKH )/$6+
$)),&+$*(5$3,'('(3+2726
&RPPHQWDIILFKHUOHVSKRWRVWRXWHQUHVWDQWGDQVOH02'(3+272
$SSX\H]VXUODWRXFKH 5(92,5/·pFUDQ/&'SDVVHHQPRGH5(92,5
68335(66,21'(),&+,(56
&RPPHQWHIIDFHUGHVSKRWRVTXHYRXVQHYRXOH]SDVJDUGHU 7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKH0(18
7RXFKH)/$6+
7RXFKH0$&52
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
3RXUDJUDQGLUO·LPDJHDSSX\H]VXUODWRXFKH7=220 3RXUUHYHQLUjODWDLOOHQRUPDOHXWLOLVH]ODWRXFKH:=220 l r &HVWRXFKHVSHUPHWWHQWGHFKDQJHUG·LPDJH
/DWRXFKH0$&52SHUPHWGHVXSSULPHUO·LPDJH /DWRXFKH5(92,5UpWDEOLWOHPRGH3+272
7RXFKH)/$6+
7RXFKH0$&52
7RXFKHl 7RXFKHr 7RXFKHd 7RXFKH5(92,5 7RXFKHu 7RXFKHV=220: 7RXFKHV=2207
())$&(0(17'·81(6(8/(3+272
6XSSUHVVLRQGªLPDJHVXQHjXQH
6pOHFWLRQQH]ODSKRWRTXHYRXVYRXOH]VXSSULPHUjO·DLGHGHVWRXFKHV lr$SSX\H]HQVXLWHVXUODWRXFKH 0$&52
3RXUDIILFKHULPDJHVjODIRLVDSSX\H]VXUODWRXFKH:=220 6pOHFWLRQQH]©(IIDFHUFHILFKLHUªjO·DLGHGHVWRXFKHVud$SSX\H]
VXUODWRXFKH )/$6+
6LYRXVQHYRXOH]SDVVXSSULPHUGHILFKLHUVDSSX\H]VXUOD WRXFKH 0$&52
6LOHVGRQQpHVRQWpWpSULVHVSDUXQDXWUHDSSDUHLOSKRWRHWVRQWYHUURXLOOpHVOH PHVVDJHVXLYDQWV·DIILFKH©&HILFKLHUHVWYHUURXLOOpRXLOQHSHXWrWUH VXSSULPp ªYRLUSDJH
6LODFDUWHPpPRLUHFRQWLHQWHQFRUHGHVGRQQpHVO·pFUDQGXPRGH /(&785(V·DIILFKHGHQRXYHDX6LODFDUWHQHFRQWLHQWSOXVGH GRQQpHVOHPHVVDJH©$XFXQHLPDJHªV·DIILFKH
())$&(0(17'(7287(6/(6,0$*(6
9RXVSRXYH]VXSSULPHUWRXWHVOHVLPDJHVGHODPpPRLUHGªXQVHXOFRXS
6pOHFWLRQQH](IIDFHUjO·DLGHGHODWRXFKH 0$&52
3RXUDIILFKHULPDJHVjODIRLVDSSX\H]VXUODWRXFKH:=220
6pOHFWLRQQH]©(IIDFHUWRXVOHVILFKLHUVªjO·DLGHGHVWRXFKHVud $SSX\H]VXUODWRXFKH )/$6+/HPHVVDJH©(IIDFHUWRXVOHV
ILFKLHUV"ªV·DIILFKH3RXUVXSSULPHUWRXVOHVILFKLHUVDSSX\H]VXUOD WRXFKH 0$&52
3RXUDQQXOHUOHSURFHVVXVGHVXSSUHVVLRQDSSX\H]VXUODWRXFKH )/$6+
6LODFDUWHPpPRLUHDYDLWpWpYHUURXLOOpHSDUXQDXWUHDSSDUHLOSKRWROHPHVVDJH VXLYDQWV·DIILFKHVXUO·pFUDQ/&'©&HUWDLQVILFKLHUVVRQWYHUURXLOOpVRXQH SHXYHQWSDVrWUHVXSSULPpVªYRLUSDJH
/RUVTXHWRXWHVOHVLPDJHVRQWpWpHIIDFpHVOHPHVVDJH©$XFXQH LPDJH ªV·DIILFKHVXUO·pFUDQ/&'
87,/,6$7,21'(926,0$*(6
$)),&+$*(685817e/e9,6(85
&RQQHFWH]OªDSSDUHLOSKRWRjGHVSpULSKpULTXHVGªDIILFKDJHYLGpRjOªDLGH GXFkEOHDXGLRYLGpR
c
,03257$179HLOOH]jPHWWUHO·DSSDUHLOKRUVWHQVLRQDYDQWGHFRPPHQFHU 2XYUH]OHFRXYHUFOHG·DFFqVDX[SULVHVDYHFVRLQSRXUpYLWHUGH O·HQGRPPDJHU2XYUH]OHFRXYHUFOHGªDFFqVDX[SULVHVHWFRQQHFWH]OHFkEOHDXGLRYLGpRj OªDSSDUHLOSKRWRHWDXWpOpYLVHXU
5HPDUTXH
9pULILH]TXHOHUpJODJHGXSDUDPqWUH©6RUWLHYLGpRªFRUUHVSRQGjODQRUPHWHFKQLTXH GHWpOpYLVLRQXWLOLVpHGDQVYRWUHSD\V/HUpJODJHG·XVLQHHVW©176&ªODQRUPH MDSRQDLVH
SRXUPRGLILHUFHUpJODJHYRLUSDJH 7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKH)/$6+
7RXFKH0$&52
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd 7RXFKHV=220: 7RXFKHV=2207
$XGLR)LFKHEODQFKH 9LGpR)LFKHMDXQH
Français
(;3257$7,21'·,0$*(69(568125',1$7(85
&RPPHQWFRSLHUYRVLPDJHVGLUHFWHPHQWVXUXQRUGLQDWHXU
c
,03257$179HLOOH]jPHWWUHO·DSSDUHLOKRUVWHQVLRQDYDQWGHFRPPHQFHU 2XYUH]OHFRXYHUFOHG·DFFqVDX[SULVHVDYHFVRLQSRXUpYLWHUGH O·HQGRPPDJHU2XYUH]OHFRXYHUFOHGªDFFqVDX[SULVHVHWFRQQHFWH]OHFkEOHRUGLQDWHXUj OªDSSDUHLOSKRWRHWjOªRUGLQDWHXU
75$,7(0(17'(6,0$*(66858125',1$7(85
/HVORJLFLHOVGHWUDLWHPHQWGªLPDJHVQXPpULTXHV(36213KRWRHW
(36213KRWR4XLFNHUVRQWIRXUQLVDYHFYRWUHDSSDUHLOSKRWR
)RQFWLRQVG·(36213KRWR
&HORJLFLHOYRXVSHUPHWGHVWRFNHUFRQVXOWHUHWUHGLVSRVHUDYHFIDFLOLWpYRV LPDJHVLVVXHVGªXQDSSDUHLOSKRWRQXPpULTXH9HXLOOH]OLUHOHVLQVWUXFWLRQV IRXUQLHVDYHFOH&'520
)RQFWLRQVG·(36213KRWR4XLFNHU
&HORJLFLHOLPSULPHHWDPpOLRUHYRVLPDJHVWRXWFRPPHOHIHUDLWYRWUH ERXWLTXHSKRWR
9HXLOOH]OLUHOHVLQVWUXFWLRQVIRXUQLHVDYHFOH&'520 5HPDUTXH
,035(66,21',5(&7(3$57,5'(/·$33$5(,/3+272
9RXVSRXYH]LPSULPHUIDFLOHPHQWXQHLPDJHVpOHFWLRQQpHHQDSSX\DQWVXU ODWRXFKH,035,0(5GHOªDSSDUHLOSKRWReWDQWGRQQpTXªLOVªDJLWGªXQ DSSDUHLOSKRWRQXPpULTXHYRXVSRXYH]LPSULPHUOHVSKRWRVVpOHFWLRQQpHV DXIXUHWjPHVXUHGHOHXUFRQVXOWDWLRQHWFRQVWLWXHUXQHFROOHFWLRQGHSKRWRV LPSULPpHVVDQVOªDLGHGªXQRUGLQDWHXUYRLUSDJH
87,/,6$7,21'(/·$'$37$7(856(&7(85
&RPPHQWFRQQHFWHUOªDGDSWDWHXUVHFWHXU/RUVTXHYRXVXWLOLVH]OHPRGH GªLPSUHVVLRQGLUHFWHRXORUVTXHYRXVDYH]FRQQHFWpOªDSSDUHLOSKRWRjXQ RUGLQDWHXURXXQWpOpYLVHXUYRXVSRXYH]XWLOLVHUOªDGDSWDWHXUVHFWHXUDILQ GªpYLWHUWRXWSUREOqPHOLpjOªDXWRQRPLHGHVSLOHVGHOªDSSDUHLOSKRWR
&200(17&211(&7(5/·$'$37$7(856(&7(85
$/(57(
❏
$YDQWGHFRQQHFWHUO·DGDSWDWHXUVHFWHXUYHLOOH]jPHWWUHO·DSSDUHLOSKRWRKRUV WHQVLRQ❏
/·XWLOLVDWLRQGHO·DGDSWDWHXUVHFWHXUHVWUHFRPPDQGpHORUVTXHYRXVXWLOLVH]OH SURFHVVXVG·LPSUHVVLRQGLUHFWH6HORQOHV\VWqPHG·H[SORLWDWLRQ GHYRWUHRUGLQDWHXULOVHSHXW TXHYRXVGHYLH]LQVWDOOHUXQSLORWH ORJLFLHO/HSLORWHORJLFLHOVH WURXYHVXUOH&'520IRXUQL3RXU SOXVGHGpWDLOVUHSRUWH]YRXVDX PDQXHOG·XWLOLVDWLRQGHO·DSSDUHLO SKRWRQXPpULTXH
❏
/·DGSWDWHXUVHFWHXUQ·DVVXUHSDVODUHFKDUJHGHVSLOHVSUpVHQWHVGDQVO·DSSDUHLO SKRWRc
,03257$171·XWLOLVH]DXFXQpTXLSHPHQWTXLQHVHUDLWSDVpQXPpUpGDQVFHPDQXHO 3RXUOHVLQVWUXFWLRQVGHVpFXULWpYRLUSDJH3RXUOH/XWLOLVH]XQLTXHPHQWO·DGDSWDWHXUVHFWHXUIRXUQLPRGqOH
$+'HPrPHQ·XWLOLVH]SDVFHWDGDSWDWHXUVHFWHXUSRXUG·DXWUHV DSSDUHLOVpOHFWULTXHV
$GDSWDWHXUVHFWHXU
PRGqOH$+ &RUGRQG·DOLPHQWDWLRQGH O·DGDSWDWHXUVHFWHXU
&RQQHFWH]O·DGDSWDWHXUVHFWHXUFRPPHLOOXVWUpVXUODILJXUH
Français
&KDSLWUH
)21&7,216$9$1&e(6
5e*/$*(6'(6728&+(6',63/$<HW0(18
)RQFWLRQVGHODWRXFKH',63/$<HWGHODWRXFKH0(18
)21&7,21'(/$728&+(',63/$<
$SSX\H]VXUODWRXFKH',63/$<SRXUDFWLYHURXGpVDFWLYHUOHVLF{QHVGH IRQFWLRQQHPHQW&KDTXHIRLVTXHYRXVDSSX\H]VXUODWRXFKH',63/$<
YRXVDFWLYH]GHPDQLqUHF\FOLTXHOHVUpJODJHVVXLYDQWV,F{QHV28,,F{QHV 121HWe&5$1/&'121
)21&7,21'(/$728&+(0(18
$SSX\H]VXUODWRXFKH0(18OH0(18V·DIILFKHVXUO·pFUDQ/&'
&KDTXHIRLVTXHYRXVDSSX\H]VXUODWRXFKH0(18YRXVDFWLYH]GH PDQLqUHF\FOLTXHOHVUpJODJHVVXLYDQWV0(1828,0(18121
'DQVOHPRGH3+272ORUVTXHYRXVDSSX\H]VXUODWRXFKH0(18 YRXVSRXYH]XWLOLVHUOHVWRXFKHVlrSRXUYRXVGpSODFHUGDQVOHPHQX (QPRGH/(&785(OHVpOpPHQWVGHPHQXV·DFWLYHQWFKDTXHIRLVTXH YRXVDSSX\H]VXUOHVWRXFKHVlr
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKH',63/$<
,F{QHVGHIRQFWLRQQHPHQW1RQ
eFUDQ/&'121
,F{QHVGHIRQFWLRQQHPHQW2XL
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKH0(18
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd
)21&7,213ULQW,PDJH)UDPHUFDGUHV
3ULQW,PDJH)UDPHU3,)DVVRFLHXQFDGUHjYRWUHLPDJHORUVGH OªHQUHJLVWUHPHQWGHFHOOHFL9RXVSRXYH]XWLOLVHUOHSURFHVVXV Gª,035(66,21',5(&7(SRXULPSULPHUOHFDGUHFRPSRVLWH
&216(,/
/RUVTXHYRXVXWLOLVH]OHPRGH3,)XQHOLJQHYHUWHV·DIILFKHVXUO·pFUDQ/&' /RUVTXHYRXVSUHQH]ODSKRWRYpULILH]TXHODOLJQHYHUWHVHGpSODFHYHUVOHKDXWGX FDGUH
5HPDUTXH
(QUHJLVWUHPHQWHWLPSUHVVLRQ3,)FDGUHV
(QPRGH3,)YRXVXWLOLVH]GHVFDGUHVTXHYRXVDYH]SUpFpGHPPHQWFKDUJpVGDQV O·DSSDUHLOSKRWR6pOHFWLRQQH]XQFDGUHHWSUHQH]ODSKRWR/DSKRWRVHUDLPSULPpH DYHFFHFDGUHHQ,035(66,21',5(&7(9RXVSRXYH]GpFLGHUGHFKDQJHUGH FDGUHDYDQWG·LPSULPHU
/RUVTXHYRXVFRSLH]VXUXQRUGLQDWHXUXQHSKRWRTXLDpWpSULVHHQXWLOLVDQWOHPRGH 3,)FDGUHVOHOLHQHQWUHODSKRWRHWOHFDGUH3,)HVWSHUGX
$/(57(
/RUVG·XQHLPSUHVVLRQVXUXQHLPSULPDQWH6W\OXV3KRWROHVSKRWRVSULVHVHQ PRGH3,)HWUpJOpHVDXIRUPDW'32)SXLVHQUHJLVWUpHVVXUXQHFDUWHPpPRLUH VHURQWLPSULPpHVDYHFOHSUHPLHUFDGUHVWRFNpGDQVO·LPSULPDQWH
3ULVHGHYXHDYHF3ULQW,PDJH)UDPHU3,)
35,6('(3+2726'$16/(&$'5(
$SSX\H]VXUODWRXFKH0(18HWGpVLJQH]3,)jO·DLGHGHVWRXFKHV lr3RXUVpOHFWLRQQHUFHWWHIRQFWLRQDSSX\H]VXUODWRXFKH )/$6+
5HFKHUFKH]XQFDGUHjO·DLGHGHVWRXFKHVud6pOHFWLRQQH]OHjO·DLGH GHODWRXFKH )/$6+
3RXUUHYHQLUjOªDIILFKDJHQRUPDODSSX\H]VXUODWRXFKH 0$&52 /·LPDJH3,)FRPSRVLWHV·DIILFKHVXUO·pFUDQ/&'9RXVSRXYH]
PDLQWHQDQWSUHQGUHODSKRWR 5HPDUTXH
6XUOpFUDQ/&'OHFDGUHV·DIILFKHHQQRLUHWEODQF
3RXUUHYHQLUjOªDIILFKDJHQRUPDODSSX\H]VXUODWRXFKH 0$&52 5HPDUTXH
'qVTXHYRXVDSSX\H]GHQRXYHDXVXUODWRXFKH0(18OHVLF{QHVFKDQJHQW VXUO·pFUDQ/&'9RXVSRXYH]VpOHFWLRQQHUOHVUpJODJHV)/$6+HW0$&52 QRUPDOHPHQWPrPHVLOHFDGUHUHVWHYLVLEOH
3KRWRHQUHJLVWUpH
,OH[LVWHDXVVLGHVFDGUHV YHUWLFDX[/HFDGUH UHSUpVHQWpQ·HVWTX·XQ H[HPSOH
&DGUH3,)
9RXVSRXYH]FKDUJHU MXVTX·jFDGUHVGLIIpUHQWVj ODIRLVGDQVYRWUHDSSDUHLO SKRWR/·DSSDUHLOSKRWRHVW OLYUpDYHFXQFDGUHGpMj FKDUJpHQPpPRLUH/D FDUWHPpPRLUH6'IRXUQLHHVW OLYUpHDYHFFDGUHV GLIIpUHQWV9RXVWURXYHUH]
GHVFDGUHVGLVSRQLEOHVVXUOH
&'520HWVXUOHVLWHZHE G·(3621
,PDJHFRPSRVLWH 3,)WHUPLQpH
/HFDGUH3,)HVWVLPSOHPHQW UHOLpjO·LPDJHRULJLQDOHLO Q·HVWSDVHQUHJLVWUpDYHFHOOH ,OVVRQWFRPELQpVDXPRPHQW GHO·LPSUHVVLRQ
,//8675$7,21GH35,17,PDJH)UDPHU
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKH0(18
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd 7RXFKH0$&52 7RXFKH)/$6+
Français
$)),&+$*('·81(,0$*(3,)
9RXVSRXYH]YRLUOHFDGUH3,)TXLDpWpDVVRFLpjODSKRWRHQXWLOLVDQWOD IRQFWLRQ5(92,5
6pOHFWLRQQH]5(92,5jO·DLGHGHODWRXFKH )/$6+
6ªLOQª\DDXFXQHLPDJHDYHFFDGUHDVVRFLpOHPHQX5(92,5QHVªDIILFKH SDV3RXUDIILFKHULPDJHVjODIRLVDSSX\H]VXUODWRXFKH=220:
/·LPDJHV·DIILFKHDYHFVRQFDGUH3,) 5HPDUTXH
/HFDGUHQHSHXWSDVrWUHFKDQJpjFHPRPHQWPDLVLOSRXUUDrWUHFKDQJpHW PrPHVXSSULPpDYDQWLPSUHVVLRQYRLUSDJH
3RXUUHYHQLUHQPRGH/(&785(DSSX\H]VXUODWRXFKH 0$&52
&216(,/
9RXVSRXYH]IDLUHXQ]RRPDYDQWHQDSSX\DQWVXUODWRXFKH©7ªRXXQ]RRPDUULqUH HQDSSX\DQWVXUODWRXFKH©:ª
9RXVSRXYH]GpSODFHUO·LPDJHGDQVVRQFDGUHHQXWLOLVDQWOHVWRXFKHVudlr
5(03/$&(0(17'(&$'5(6
3RXUSRXYRLUDMRXWHURXFKDQJHUOHVFDGUHVFKDUJpVGDQVODPpPRLUHGH OªDSSDUHLOSKRWRYRXVGHYH]SUpSDUHUXQHFDUWHPpPRLUHTXLFRQWLHQWGpMj OHVFDGUHVVRXKDLWpV9RXVWURXYHUH]GHVFDGUHVVXUOH&'520IRXUQLRX VXUOHVLWHZHEGª(3621
87,/,6$7,21'8&'520
$/(57(
9RXVGHYH]XWLOLVHUXQRUGLQDWHXUPXQLG·XQOHFWHXUGH&'520
9RXVGHYH]pJDOHPHQWDYRLULQVWDOOp35,17,PDJH)UDPHU7RRODXSUpDODEOH
7e/e&+$5*(0(173$5,17(51(7
$/(57(
9RXVGHYH]XWLOLVHUXQRUGLQDWHXUFRQQHFWpj,QWHUQHW
9RXVGHYH]pJDOHPHQWDYRLULQVWDOOp35,17,PDJH)UDPHU7RRO
$/(57(
/HVLQVWUXFWLRQVVXLYDQWHVVXSSRVHQWTXHYRXVDYH]GpMjFKDUJpGHVFDGUHVG·XQH FDUWHPpPRLUH6'GDQVODPpPRLUHGHO·DSSDUHLO
7RXUQH]OH6e/(&7(85'(02'(VXU/(&785(
SXLVPHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXFKHl 7RXFKHu 7RXFKHr 7RXFKHd 7RXFKH0$&52 7RXFKH)/$6+
7RXFKH=220: 7RXFKHV=2207
7pOpFKDUJHUVXUXQH FDUWHPpPRLUH6'
3RXUSOXVGHGpWDLOVFRQVXOWH]
O·DLGHHQOLJQHGH(3621 35,17,PDJH)UDPHU7RRO
7pOpFKDUJHUVXUXQH FDUWHPpPRLUH
'HVLQIRUPDWLRQVGpWDLOOpHV VRQWGLVSRQLEOHVGDQVO·DLGHHQ OLJQHGXVLWHZHEG·(3621
68335(66,21'(&$'5(6
&RPPHQWVXSSULPHUGHVFDGUHVTXLVRQWVWRFNpVGDQVODPpPRLUHGH OªDSSDUHLOSKRWRRXVXUODFDUWHPpPRLUH6'9RXVGHYH]SURFpGHUDLQVLSRXU DMRXWHUGHQRXYHDX[FDGUHVORUVTXªXQHPpPRLUHHVWSOHLQH
'pVLJQH]©&DGUHV3,)ªjO·DLGHGHVWRXFKHVudSXLVDSSX\H]VXU ODWRXFKHrRXVXUODWRXFKH )/$6+
3RXUVXSSULPHUOHVFDGUHVVWRFNpVGDQVODPpPRLUHGHO·DSSDUHLO SKRWRXWLOLVH]OHVWRXFKHVudSRXUOHVVpOHFWLRQQHU
9RXVSRXYH]DXVVLDSSX\HUVXUODWRXFKH )/$6+SRXUVpOHFWLRQQHU
&DUWHPpPRLUH
5HPDUTXH
3RXUVXSSULPHUGHVFDGUHV3,)VWRFNpVVXUODFDUWHPpPRLUHXWLOLVH]ODWRXFKHr SRXUVpOHFWLRQQHU©&DUWHPpPRLUHª3RXUVpOHFWLRQQHUOHVFDGUHVjVXSSULPHU XWLOLVH]OHVWRXFKHVud
9RXVSRXYH]DXVVLDSSX\HUVXUODWRXFKH )/$6+SRXUVpOHFWLRQQHU©$SSDUHLO SKRWRª
3RXUVXSSULPHUOHFDGUHVpOHFWLRQQpDSSX\H]VXUOD WRXFKH 0$&52
8QPHVVDJHGHFRQILUPDWLRQV·DIILFKHVXUO·pFUDQ/&'$SSX\H]VXU ODWRXFKH )/$6+SRXUFRQILUPHUODVXSSUHVVLRQ
3RXUDUUrWHUOHSURFHVVXVGHVXSSUHVVLRQDSSX\H]VXUOD WRXFKH 0$&52
0,6((13/$&('(&$'5(6
&RPPHQWWUDQVIpUHUGHVFDGUHVGHOªDSSDUHLOSKRWRjODFDUWHPpPRLUHRX YLFHYHUVD9RXVSRXYH]VWRFNHUMXVTXªjFDGUHVGDQVOªDSSDUHLOSKRWR
'pVLJQH]©&DGUHV3,)ªjO·DLGHGHVWRXFKHVudSXLVDSSX\H]VXU ODWRXFKHrRXVXUODWRXFKH )/$6+
/RUVTXHYRXVYRXOH]WUDQVIpUHUGHVFDGUHVGHODFDUWHPpPRLUHj O·DSSDUHLOSKRWRXWLOLVH]ODWRXFKHrSRXUFKRLVLU©&DUWHPpPRLUHª SXLVXWLOLVH]OHVWRXFKHVudSRXUVpOHFWLRQQHUOHFDGUHVRXKDLWp 3RXUVXSSULPHUOHFDGUHDSSX\H]VXUODWRXFKH 0$&52 5HPDUTXH
3RXUWUDQVIpUHUOHVFDGUHVVWRFNpVGDQVO·DSSDUHLOSKRWRVpOHFWLRQQH]©&DUWH PpPRLUHªjO·DLGHGHODWRXFKHl3RXUVpOHFWLRQQHUOHVFDGUHVVRXKDLWpVXWLOLVH]OHV WRXFKHVud
3RXUVXSSULPHUOHFDGUHDSSX\H]VXUODWRXFKH 0$&52
'qVTXHYRXVDSSX\H]VXUODWRXFKH )/$6+XQPHVVDJHGH FRQILUPDWLRQV·DIILFKHVXUOpFUDQ/&'3RXULQVWDOOHUOHFDGUH DSSX\H]GHQRXYHDXVXUODWRXFKH )/$6+
3RXUDUUrWHUOHSURFHVVXVDSSX\H]VXUODWRXFKH 0$&52 5HPDUTXH
6·LOQ·\DSDVDVVH]GHSODFHGLVSRQLEOHVXUO·DSSDUHLOSKRWRRXVXUODFDUWHPpPRLUH OHPHVVDJH©/·HVSDFHOLEUHVXUODFDUWHPpPRLUHHVWLQVXIILVDQWªRX©/·HVSDFHOLEUH GDQVODPpPRLUHGHO·DSSDUHLOHVWLQVXIILVDQWªV·DIILFKHVXUOpFUDQ/&''DQVFH FDVYRXVGHYH]VXSSULPHUOHVFDGUHVGRQWYRXVQ·DYH]SOXVEHVRLQDILQGHOLEpUHUGH ODSODFH
02'(0$&52
/HPRGH0$&52YRXVSHUPHWGHSKRWRJUDSKLHUHQJURVSODQGHVVXMHWV VLWXpVHQWUHHWFPGHOªDSSDUHLOSKRWR
6LOHVXMHWHVWjSOXVGHFPUHSDVVH]HQPRGH1250$/YRLUSDJH
35,6('(3+2726(102'(0$&52
3RXUSDVVHUHQPRGH0$&52DSSX\H]VXUODWRXFKH 0$&52 (QPRGH0$&52OH]RRPHVWDXWRPDWLTXHPHQWYHUURXLOOpVXU:JUDQG DQJOH
9RXVQHSRXYH]SDVXWLOLVHUOHVWRXFKHVGH=220 7RXUQH]OH6e/(&7(85'(02'(VXU6(783SXLV
PHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXUQH]OH6e/(&7(85'(02'(VXU6(783SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21
7RXUQH]OH6e/(&7(85'(02'(VXU3+272SXLV PHWWH]O·DSSDUHLOSKRWR62867(16,21