Mode d'emploi | Panasonic TX23LX50F Operating instrustions

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
7 O YLVHXU FULVWDX[ OLTXLGHV JUDQG FUDQ
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
0RGH G
HPSORL
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
9HXLOOH] OLUH FH PRGH G
HPSORL
DYDQW GH YRXV VHUYLU GH YRWUH DSSDUHLO
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
SXLV
FRQVHUYH]OH HQ OLHX VØU
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQ
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDV
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
)UDQ˜DLV
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLF
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3
74%('0
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQ
L 3
L
7; /;)
%,(19(18(
&KHU FOLHQW 3DQDVRQLF
%LHQYHQXH GDQV OD IDPLOOH GHV XWLOLVDWHXUV GH SURGXLWV 3DQDVRQLF 1RXV HVS URQV TXH
FH W O YLVHXU YRXV SURFXUHUD GHV DQQ HV GH MRLH &HW DSSDUHLO WDQW H[WUûPHPHQW
VRSKLVWLTX QRXV YRXV UHFRPPDQGRQV GH YRXV UHSRUWHU WRXW G
DERUG DX JXLGH GH
PLVH HQ URXWH UDSLGH DYDQW GH SUHQGUH FRQQDLVVDQFH GX PRGH G
HPSORL FRPSOHW TXH
YRXV GHYUH] FRQVHUYHU VRLJQHXVHPHQW GHV ILQV GH U I UHQFH XOW ULHXUH
7$%/( '(6 0$7,(5(6
$YHUWLVVHPHQWV HW SU FDXWLRQV *XLGH GHV SURJUDPPHV $FFHVVRLUHV 5 JODJH $73 &RQILJXUDWLRQ
DXWRPDWLTXH ,QVWDOODWLRQ (QWUHWLHQ *XLGH GH PLVH HQ URXWH UDSLGH &RPPDQGHV SULQFLSDOHV 5 JODJH 5 JODJH PDQXHO /DQJXHV 26' /LDLVRQ 4/LQN $PEUH GX SURJUDPPH )RQFWLRQ 0DJQ WRVFRSH /HFWHXU GH
YLG RGLVTXH '9'5 8WLOLVHU OHV PHQXV VXU FUDQ )RQFWLRQ 7 O WH[WH $MXVWDJH GX IRUPDW GH O
LPDJH &RQQH[LRQV DXGLR YLG R )RQFWLRQ +2/' $UUûW VXU ,PDJH 0HQX 3ULQFLSDO ,PDJH 6 OHFWLRQ HW FRQILJXUDWLRQ $9 &RQQHFWLRQ G
XQ FDVTXH 3ULVHV DUULýUH 6RQ %URFKDJH GHV SULVHV 3(5,7(/ HW
69LG R &RQILJXUDWLRQ ,QIRUPDWLRQV JHQHUDOHV 5 JODJH 'LDJQRVWLF GHV SDQQHV 5 JODJH 3URJUDPPH V OHFWLRQ &DUDFW ULVWLTXHV $9(57,66(0(176 (7 35þ&$87,216
- &H W O YLVHXU HVW FRQ˜X SRXU IRQFWLRQQHU VXU XQ U VHDX GH 9 +] $&
- 1
H[SRVH] MDPDLV OH W O YLVHXU OD SOXLH RX XQH VRXUFH G
KXPLGLW H[FHVVLYH GHV FKRFV
OHFWULTXHV RX PûPH XQ ULVTXH G
LQFHQGLH SRXUUDLW HQ U VXOWHU HW HQGRPPDJHU O
DSSDUHLO 1H
MDPDLV H[SRVHU FH W O YLVHXU GHV FODERXVVXUHV RX GHV JRXWWHV G
HDX 1H MDPDLV SRVHU G
REMHWV
UHPSOLV GH OLTXLGH FRPPH GHV YDVHV VXU OH W O YLVHXU RX DXGHVVXV GH FH GHUQLHU
- 1
LQWURGXLUH MDPDLV GHV REMHWV TXHOFRQTXHV GDQV /&' GX U O YLVHXU WUDYHUV GHV WURXV GH FDELQHW
SDUFH TX
LOV SHXYHQW WRXFKHU GHV SRLQWV KDXWH WHQVLRQ RX IDLUH OH FRXUWFLUFXLW FH TXL SHXW
SURGXLUH OH IHX RX O
DFFLGHQW GØ OD KDXWH WHQVLRQ
- 1
XWLOLVHU TXH O
DFFHVVRLUH FRQYHQDEOH XQH PDQLSXODWLRQ DYHF GHV SURGXLWV IUDJLOHV
- &H GLVSRVLWLI GRLW ûWUH IL[ DX VRO YHQWXHOOHPHQW DX PXU FRQIRUP PHQW DX[ LQVWUXFWLRQV SRXU OH
PRQWDJH SRXU YLWHU O
HQGRPPDJHPHQW RX O
DFFLGHQW
1 $77(17,21 +$87( 7(16,21 1H UHWLUH] MDPDLV OH FRXYHUFOH DUULýUH SRXU QH SDV ODLVVHU VDQV SURWHFWLRQ OHV SLýFHV VRXV WHQVLRQ /H
W O YLVHXU QH FRQWLHQW DXFXQH SLýFH LQWHUQH U SDUDEOH SDU O
XWLOLVDWHXU
- (YLWH] G
H[SRVHU OH W O YLVHXU GLUHFWHPHQW DX[ UD\RQV GX VROHLO RX WRXWH DXWUH VRXUFH GH FKDOHXU
3RXU YLWHU OHV ULVTXHV G
LQFHQGLH QH MDPDLV SRVHU XQH ERXJLH RX DXWUH REMHW FRQWHQDQW XQH
IODPPH VXU OH W O YLVHXU RX D SUR[LPLW GH FH GHUQLHU
- $VVXUH] YRXV XQ DFFýV IDFLOH OD SULVH GX F EOH G
DOLPHQWDWLRQ
- FLQWHUUXSWHXU PDUFKHDUUûW GH FH W O YLVHXU QH FRXSH SDV HQWLýUHPHQW VRQ DOLPHQWDWLRQ 5HWLUH] OD
ILFKH GH O
DOLPHQWDWLRQ GH OD SULVH VHFWHXU DYDQW GH EUDQFKHU RX G EUDQFKHU GHV F EOH RX VL OH
W O YLVHXU Q
HVW SDV XWLOLV SHQGDQW XQH ORJXH S ULRGH
1(175(7,(1 '( /
þ%þ1,67(5,( (7 '( /
þ&5$1 /&'
' EUDQFKH] OD ILFKH GH OD SULVH PXUDOH 1HWWR\H] O
E QLVWHULH HW O
FUDQ /&' O
DLGH G
XQ FKLIIRQ
GRX[ O JýUHPHQW KXPLGH HW G
XQ G WHUJHQW QRQ DEUDVLI 1
XWLOLVH] SDV GH SURGXLWV GH QHWWR\DJH
EDVH GH EHQ]RO RX GH S WUROH
- /RUVTXH OD WHPS UDWXUH DPELDQWH HVW EDVVH LO SHXW IDOORLU XQ FHUWDLQ WHPSV SRXU TXH O
LPDJH
DWWHLJQH VD OXPLQRVLW QRUPDOH PDLV FHOD Q
HVW SDV XQ G\VIRQFWLRQQHPHQW $X ERXW G
XQ FRXUW
PRPHQW OD OXPLQRVLW GHYLHQW QRUPDOH
- 8QH YHQWLODWLRQ VXIILVDQWH GRLW ûWUH SU YXH DILQ G
YLWHU XQH YHQWXHOOH G W ULRUDWLRQ GHV
FRPSRVDQWV OHFWURQLTXHV ,O IDXW SU YRLU DX PRLQV XQ HVSDFH GH FP WRXW DXWRXU GX W O YLVHXU
PûPH VL FHOXLFL HVW SODF GDQV XQ PHXEOH RX HQWUH GHV WDJýUHV
- ,O HVW LQWHUGLW G
HPSûFKHU OD YHQWLODWLRQ HQ FRXYUDQW OHV JULOOHV G
D UDWLRQ DYHF GHV REMHWV FRPPH
MRXUQDX[ QDSSHV RX ULGHDX[
1 &2162/(6 '( -(8; 25',1$7(856 3(56211(/6
/
XWLOLVDWLRQ SURORQJ H GH MHX[ YLG R RX G
RUGLQDWHXUV SHUVRQQHOV SHXW SURYRTXHU XQ PDUTXDJH
SHUPDQHQW GH O
FUDQ G
XQ W O YLVHXU &HWWH G W ULRUDWLRQ SHUPDQHQWH GH O
FUDQ /&' SHXW ûWUH OLPLW H
HQ UHVSHFWDQW OHV FRQVLJQHV VXLYDQWHV - 5 GXLVH] OHV U JODJHV GH OXPLQRVLW HW GH FRQWUDVWH DX PLQLPXP
- 1H ODLVVH] SDV YRWUH W O YLVHXU DOOXP GH PDQLýUH FRQWLQXH ORUVTXH YRXV O
XWLOLVH] DYHF XQH FRQVROH
GH MHX YLG R RX XQ RUGLQDWHXU SHUVRQQHO
- 1H SDV ODLVVHU XQH PûPH LPDJH DIILFK H WURS ORQJWHPSV FDU FHOD SHXW ODLVVHU XQH WU FH
SHUPDQHQWH VXU O
FUDQ
- )DLWHV DWWHQWLRQ HQ SDUWLFXOLHU DX[ FUDQV VWDWLTXHV GH ORJR GH FHUWDLQV MHX[ GHV RUGLQDWHXUV GX
W O WH[WH DIILFK V HQ PRGH - &HWWH G W ULRUDWLRQ GH O
FUDQ /&' Q
HVW SDV GXH XQ G IDXW GH IRQFWLRQQHPHQW HW HOOH QH WRPEH
GRQF SDV VRXV OD JDUDQWLH 3DQDVRQLF
1 0,6( (1 9(,//( $8720$7,48(
6L OH W O YLVHXU Q
HVW SDV WHLQW ORUVTXH OD FKDñQH GH W O YLVLRQ FHVVH G
PHWWUH OH PRGH GH YHLOOH
V
HQFOHQFKHUD DXWRPDWLTXHPHQW DSUýV PLQXWHV &HWWH IRQFWLRQ Q
HVW SDV GLVSRQLEOH ORUVTXH OH
W O YLVHXU HVW HQ PRGH $9
$&&(662,5(6
9 ULILH] TXH YRXV GLVSRVH] ELHQ GHV DFFHVVRLUHV VXLYDQWV
0RGH G
HPSORL
T
7 O FRPPDQGH (85$
3LOHV SRXU W O FRPPDQGH
[ 5 80
*DUDQWLF 3DQ (XURS HQQH
3LOHV SRXU W O FRPPDQGH
7LUH] HW WHQH] OH FURFKHW SXLV
RXYUH] OH FRXYHUFOH GHV SLOHV
5HPHWWUH OH FRXYHUFOH HQ SODFH
0HWWUH OHV SLOHV O
LQW ULHXU ELHQ UHVSHFWHU
OD SRODULW FRUUHFWH
$VVXUH]YRXV TXH OHV SLOHV VRQW FRUUHFWHPHQW
LQVWDOO HV
- 1H P ODQJH] SDV SLOHV QHXYHV HW SLOHV XV HV
5HWLUH] LPP GLDWHPHQW OHV SLOHV XV HV
- 1
XWLOLVH] SDV GH SLOHV GH W\SHV GLII UHQWV S H[ GHV
SLOHV DOFDOLQHV HW DX PDQJDQýVH HW Q
XWLOLVH] SDV GH
SLOHV UHFKDUJHDEOHV 1L&G 1L0+
-
,167$//$7,21
9HXLOOH] XWLOLVHU OH GLVSRVLWLI VHXOHPHQW DYHF GHV VXSSRUWV OLYU V RX GH FHX[
FRUUHVSRQGDQWV DX PXU
3ODFHPHQW GH O
DSSDUHLO
3ODFHU O
DSSDUHLO SRXU TXH YRXV SXLVVLH] OH VXLYUH FRPIRUWDEOHPHQW (YLWHU O
HQGURLW RÖ OD OXPLýH VRO
DLUH RX XQH DXWUH OXPLýUH IRUWH \ FRPSULV UHIOHWV SHXYHQW WRPEHU VXU O
FUDQ
/
XWLOLVDWLRQ GH TXHOTXHV W\SHV GH SULVHV GH FRXUDQW SHXW GLPLQXHU OD SRUW H G
XQH FRPPDQGH GLV
WDQFH
/D YHQWLODWLRQ HIILFDVVH HVW LQGLVSHQVDEOH SRXU HPSûFKHU O
HQGRPPDJHPHQW GHV SLýFHV LQWHUQHV
(YLWHU OHV HQGURLWV OD FKDOHXU RX O
KXPLGLW H[FHVVLYHV
$SSDUHLOV H[WHUQHV
RSWLRQ
/D FRQQHFWLRQ HQWUH GHV FRPSRVHQWV $9 SHXW ûWUH HIIHFWX H O
DLGH GHV F EOHV GH YLGHR RX G
DXGLR
EOLQG V /HV PHLOOHXUV U VXOWDWV RIIUHQW OHV F EOHV FRD[LDX[ G
DQWHQQH 2KP &H VRQW GHV PDJD
VLQV GH SLýFHV OHFWURQLTXHV RX YRWUH YHQGHXU TXL YRXV RIIULURQW OHV F EOHV FLW V
$YDQW G
DFKHWHU GHV F EOHV Y ULILH] OHV W\SHV GH FRQQHFWHXUV G
HQWU H HW GH VRUWLH Q FHVVDLUHV SRXU
YRV DSSDUHLOV 'H PûPH VS FLILH] GHV ORQJXHXUV GH F EOHV
3RXU DVVXUHU O
LPPDJH GH TXDOLW
6L OH W O YLVHXU /&' HVW H[SRV OD OXPLýUH GH MRXU RX O
FODLUDJH GDQV XQH SLýFH LO VH SHXW TXH
O
LPDJH QH VRLW SDV VXIILVDPHQW QHWWH &
HVW SRXUTXRL WHLJQH] GHV ODPSHV SUR[LPLW GX /&' HW YL
WH] OH G
XQH OXPLýUH GX MRXU
&RPPHQW XWLOLVHU OH VXSSRUW GX W O YLVHXU /&'
$MXVWH] YRWUH VXSSRUW O
DQJOH G VLU /H SDQQHDX /&' SHXW ûWUH DMXVW GDQV OHV VHQV VXLYDQWV
E
E
E
E
E E
YHUV O
DYDQW
YHUV O
DUULýUH
YHUV OD GURLWH
YHUV OD JDXFKH
)DFH
'HUULýUH
E E
(175(7,(1
3RXU QHWWR\HU FHW DSSDUHLO HVVX\H]OH DYHF XQ FKLIIRQ GRX[ HW VHF
6L OHV VXUIDFHV VRQW WUýV VDOHV WUHPSH] OH FKLIIRQ GRX[ GDQV XQH VROXWLRQ G
HDX HW GH VDYRQ RX GH
G WHUJHQW WUýV GRX[
- 8WLOLVH] GH O
D URVRO QHWWR\DQW SRXU OXQHWWHV SRXU UHWLUHU OD VDOHW GH
O
FUDQ /&' OXLPûPH
- 1
XWLOLVH] MDPDLV G
DOFRRO GH ZKLWH VSLULW RX GH EHQ]LQH SRXU
QHWWR\HU FHW DSSDUHLO
- 6L YRXV YRXOH] XWLOLVHU GHV FKLIIRQV VS FLDX[ LSPU JQ V GH SURGXLW
QHWWR\DQW OLVH] DXSDUDYDQW DWWHQWLYHPHQW OHXU QRWLFH G
XWLOLVDWLRQ
- 1
HVVX\H] SDV O
FUDQ /&' DYHF XQ FKLIIRQ PRXLOO O
HDX
(VVX\H] OH FRIIUDJH DYHF XQ FKLIIRQ GRX[
6L OH FRIIUDJH HVW WUýV VDOH HVVX\H]OH DYHF XQ FKLIIRQ WUHPS GDQV XQH VROXWLRQ GH G WHUJHQW GH
FXLVLQH HW G
HDX SXLV YLJRXUHXVHPHQW HVVRU $77(17,21
6L GH O
HDX RX XQH VXEVWDQFH DQDORJXH S QýWUH O
LQW ULHXU GX W O YLVHXU HW QRWDPPHQW GR VRQ
FUDQ /&' YRXV ULVTXH] GH VXELU XQ G\VIRQFWLRQQHPHQW
*8,'( '( 0,6( (1 5287( 5$3,'(
5DFFRUGH] O
DQWHQQH HW EUDQFKH] O
TXLSHPHQW DX[LOLDLUH
5 FHSWHXU
VDWHOOLWH
$9
$9
28
9&5 '9'5
28
$9
$9
9 ULILH] G
DERUG TXH OH PDJQ WRVFÊSH '9'5
HVW HQ PRGH YHLOOH
%UDQFKH] OH W O YLVHXU HW DOOXPH]OH
7 PRLQ G
DOLPHQWDWLRQ
&DSWHXU GHV VLJQDX[ GH OD W O FRPPDQGH
7 PRLQ URXJH G
WDW GH YHLOOH
/RUVTXH YRXV XWLOLVH] OD W O FRPPDQGH FHOD
LQGLTXH TXH OH W O YLVHXU D UH˜X XQH FRPPDQGH
*8,'( '( 0,6( (1 5287( 5$3,'(
6 OHFWLRQQH] OH SD\V GH
YRWUH FKRL[
$SSX\H] VXU OH ERXWRQ
URXJH
/D FRQILJXUDWLRQ DXWRPDWLTXH YD FRPPHQFHU
OHV FKDñQHV VRQW LGHQWLIL HV HW P PRULV HV
6L XQ PDJQ WRVFRSH '9'5 FRPSDWLEOH HVW
OD SULVH $9 RX $9 OHV
EUDQFK
SDUDPýWUHV GH U JODJH GHV FKDñQHV VHURQW
FRSL V VXU OH PDJQ WRVFRSH '9'5 YLD OD
OLDLVRQ 4/LQN 9RLU SDJH 7HUPLQDLVRQ GH OD V TXHQFH $73
DSSX\H] VXU OD WRXFKH (;,7 (;,7
6L YRXV LQVWDOOH] XQ QRXYHDX PDJQ WRVFRSH '9'5 FRPSDWLEOH OD WHFKQRORJLH 4/LQN YRXV
SRXYH] PDLQWHQDQW O
DOOXPHU /HV SDUDPýWUHV GH U JODJH FRUUHVSRQGURQW FHX[ GX W O YLVHXU
6L YRXV LQVWDOOH] XQ QRXYHDX PDJQ WRVFRSH '9'5 FRPSDWLEOH OD WHFKQRORJLH 1(;79,(:/,1.
YRXV GHYUH] ODQFHU OH W O FKDUJHPHQW PDQXHOOHPHQW
5HSRUWH]YRXV DX PRGH G
HPSORL GX PDJQ WRVFRSH '9'5 SRXU OHV G WDLOV
- 6L OH PDJQ WRVFRSH '9'5 Q
D SDV DFFHSW OHV GRQQ HV W O G FKDUJ HV GX W O YLVHXU YRXV
GHYUH] SHXWûWUH V OHFWLRQQHU O
RSWLRQ 7 O FKDUJHPHQW GX PHQX GX PDJQ WRVFRSH '9'5
- 6L OD OLDLVRQ 4/LQN QH IRQFWLRQQH SDV FRUUHFWHPHQW Y ULILH] OH UDFFRUGHPHQW OD SULVH $9 RX
$9 GX W O YLVHXU Y ULILH] TXH OH F EOH 3(5,7(/ XWLOLV HVW GX W\SH GLW € )XOO IXQFWLRQ  HW TXH OH
PDJQ WRVFRSH '9'5 HVW FRPSDWLEOH OD WHFKQRORJLH 4/LQN 1(;79,(:/,1. RX XQH
WHFKQRORJLH TXLYDOHQWH 9HXLOOH] YRXV UHQVHLJQHU DXSUýV GH YRWUH UHYHQGHXU SRXU OHV G WDLOV
- 3RXU SOXV G
LQIRUPDWLRQ VXU OD OLDLVRQ 4/LQN HW O
TXLSHPHQW GH FRQQH[LRQ UHSRUWH]YRXV DX[
SDJHV HW 9RXV SRXYH] SU VHQW UHJDUGHU
QRUPDOHPHQW YRV PLVVLRQV
&HV ERXWRQV DVVXUHQW GHX[
IRQFWLRQV GH EDVH
5 JODJH GX YROXPH
&KDQJHPHQW GH FKDñQH
&200$1'(6 35,1&,3$/(6 3$11($8 '( &200$1'( (7 7þ/þ&200$1'(
&RPPXWDWHXU 79$9
SDJH $OLPHQWDWLRQ 6(&7(85
$XJPHQWH RX GLPLQXH OD SRVLWLRQ GH
ERXWRQ 0DUFKH$UUûW
SURJUDPPH G
XQH XQLW /RUVTX
XQH IRQFWLRQ
HVW
G M DIILFK H DSSX\H] SRXU DXJPHQWHU RX
675 P PRULVDWLRQ QRUPDOLV H
GLPLQXHU G
XQH XQLW OD IRQFWLRQ V OHFWLRQQ H
3HUPHW GH P PRULVHU OHV SDUDPýWUHV
GH U JODJH GHV IRQFWLRQV
) V OHFWLRQ GHV IRQFWLRQV$IILFKDJH GHV IRQFWLRQV VXU O
FUDQ XWLOLVHU GH ID˜RQ U S W H
SRXU V OHFWLRQQHU OHV IRQFWLRQV 9ROXPH &RQWUDVWH 5 WUR FODLUDJH /XPLQRVLW &RXOHXU
1HWWHW 7HLQWH HQ PRGH 176& *UDYHV $LJXùV %DODQFH HW PRGH &RQILJXUDWLRQ
7RXFKH 0$5&+($55ú7 G
WDW
GH YHLOOH
0LVH O
WDW GH YHLOOH GX
W O YLVHXU
%RXWRQ GX JXLGH GHV
SURJUDPPHV
$SSX\HU SRXU UHSU VHQWHU OD OLVWH
GH SURJUDPPHV SDJH 7RXFKH GH PHQX
3RXU DFF GHU DX[ PHQXV ,PDJH
6RQ HW &RQILJXUDWLRQ SDJH 7RXFKHV 7 O WH[WH SDJH $FFýV GLUHFW DX[ FDQDX[ SHQGDQW
O
XWLOLVDWLRQ QRUPDOH GX W O YLVHXU
RX SDUWLU GHV PHQXV 5 JODJH
(GLWLRQ GH SURJUDPPH RX
&RQILJXUDWLRQ PDQXHOOH DSSX\H]
HW HQWUH] OH FDQDO YRXOX O
DLGH
GHV WRXFKHV QXP ULTXHV $SSX\HU
VXU OH ERXWRQ & GHX[ IRLV SRXU
V OHFWLRQQHU GLUHFWHPHQW XQ FDQDO
HQ K\SHUEDQG
7RXFKH DXJPHQWDWLRQ GLPLQXWLRQ
GH FDQDO
7RXFKH GH FRPPDQGH $VSHFW
SDJH 7RXFKHV PDJQ WRVFRSH /HFWHXU
GH GLVTXHV '9' SDJH &RXSXUH GX VRQ
7RXFKH (QUHJLVWUHPHQW 79
GLUHFW SDJH 6 OHFWLRQ HQWUH PRGHV W O YLVHXU HW
HQWU H $XGLR9LG R SDJH 1RXV XWLOLVRQV OD WRXFKH 2.
SRXU HQUHJLVWUHU HW FRQILUPHU
OD V\QWRQLVDWLRQ OD IRQFWLRQ
26' HW DXWUHV U JODJHV
4XLWWHU OH PHQX
&XUVHXUV SHUPHWWDQW OHV
V OHFWLRQV HW U JODJHV
7RXFKHV GH FRXOHXU SRXU
IRQFWLRQV þGLWLRQ GHV
SURJUDPPHV SDJH )RQFWLRQV 7 O WH[WH SDJH 6 OHFWLRQ $9 SDJH 7RXFKHV GH FKDQJHPHQW GH
SURJUDPPHFKDñQH HW WRXFKH
7 O WH[WH SDJH %RXWRQ G
LQIRUPDWLRQ
$SSX\H] SRXU REWHQLU O
DIILFKDJH
GH OD SRVLWLRQ GX SURJUDPPH
GX QRP GX SURJUDPPH GX
QXP UR GH FDQDO GX V\VWýPH
79 GH O
KHXUH HW GX PRGH
VW U R
7RXFKH DXJPHQWDWLRQ GLPLQXWLRQ GX YROXPH
%RXWRQ 1 QRUPDOLVHU
5HPHW WRXWHV OHV YDOHXUV OHXU
QLYHDX SDU G IDXW
$5%5( '8 352*5$00(
0(18
0HQX
SULQFLSDO
,PDJH
6RQ
&RQILJXUDWLRQ
,PDJH
0RGH ,PDJH
5pWURpFODLUDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HLQWH SRXU
176&
7HPS FRXOHXU
315
5pJODJH
3URJDPPH VpOHFWLRQ
5HFKHUFKH DXWR
5pJODJH PDQXHO
5pJODJH ILQ
6\VWqPH FRXOHXU
&RUUHFWLRQ YROXPH
5HFKHUFKH DXWR
$WWHQWLRQ
6RQ
*UDYH
$LJX
%DODQFH
03;
0RGH
$PELDQFH
$63(&7
&RQILJXUDWLRQ
4/LQN
6RUW $9
6RUW $9
7pOpWH[WH
0LQXWHULH
YHLOOH
/DQJXH GH
WH[WH
5pJODJH
/DQJXHV 26'
)RUPDW GH O¶LPDJH
3DQDVRQLF $XWR
$VSHNW
=RRP =RRP =RRP 3URJUDPPH
VpOHFWLRQ
(IIDFHU
,QVpUHU
&KDQJHU
7pOpFKDUJ
/DQJXHV 26'
'HXWVFK
(QJOLVK
)UDQoDLV
,WDOLDQR
(//+1,.$
ýHãWLQD
5RPkQ
3ROVNL
(VSDxRO
1RUVN
'DQVN
6YHQVND
0DJ\DU
5XVVNLM
6ORYHQVN\
6USVNL
1HGHUODQGV
6XRPL
7UNoH
3RUWXJXrV
+UYDWVNL
%XOJDULDQ
6ORYHQVNR
3D\V
'HXWVFKODQG
gVWHUUHLFK
)UDQFH
,WDOLD
(VSDxD
3RUWXJDO
1HGHUODQG
'DQPDUN
6YHULJH
1RUJH
6XRPL
%HOJLXP
6FKZHL]
(//$'$
3ROVND
ýHVNi UHSXEOLND
0DJ\DURUV]iJ
((X
5pJODJH PDQXHO
87,/,6(5 /(6 0(186 685 (&5$1
&H W O YLVHXU HVW TXLS G
XQ V\VWýPH YROX GH PHQXV DIILFKDJH VXU FUDQ
TXL YRXV SHUPHWWHQW G
DFF GHU DX[ U JODJHV HW DX[ RSWLRQV
7LWUH GH PHQX
6RXVPHQXV
0HQX SULQFLSDO
,PDJH
6RQ
&RQILJXUDWLRQ
,QVWUXFWLRQV
&KRLVLU
$FFpGHU
6RUWLU
5HYHQLU
,PDJH
0RGH ,PDJH
5pWURpFODLUDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HPS FRXOHXU
315
'\QDPLTXH
,QGLFDWHXU G
RSWLRQ
%DU GH V OHFWLRQ
1RUPDO
$XWR
&HUWDLQHV RSWLRQV FRPPH &RQWUDVWH 5 WUR FODLUDJH /XPLQRVLW &RXOHXU HW 1HWWHW
SHUPHWWHQW G
DXJPHQWHU RX GH U GXLUH OH QLYHDX
&HUWDLQHV RSWLRQV FRPPH O
RSWLRQ 0LQXWHULH YHLOOH YRXV GHPDQGHQW GH IDLUH XQ FKRL[
&HUWDLQHV RSWLRQV FRPPH OH PHQX &RQILJXUDWLRQ FRQGXLVHQW XQ DXWUH PHQX
0(18
/D WRXFKH 0(18 HVW XWLOLV SRXU RXYULU OH PHQX SULQFLSDO HW DXVVL SRXU UHWRXUQHU GDQV
OH PHQX SU F GHQW
/HV WRXFKHV GH FXUVHXU KDXW HW EDV SHUPHWWHQW GH G SODFHU OH FXUVHXU YHUWLFDOHPHQW
VXU OHV PHQXV
/HV FXUVHXUV JDXFKH HW GURLW SHUPHWWHQW G
DFF GHU DX[ PHQXV G
DMXVWHU OHV QLYHDX[
RX GH V OHFWLRQQHU OHV GLII UHQWHV RSWLRQV
1RXV XWLOLVRQV OD WRXFKH 2. SRXU HQUHJLVWUHU HW FRQILUPHU OD V\QWRQLVDWLRQ OD
IRQFWLRQ 26' HW DXWUHV U JODJHV
/D WRXFKH (;,7 SHUPHW GH VRUWLU GX V\VWýPH GH PHQX HW GH UHYHQLU O
FUDQ 79
QRUPDO
(;,7
%RXWRQ 1 QRUPDOLVHU 5HPHW WRXWHV OHV YDOHXUV OHXU QLYHDX SDU G IDXW
0LVH HQ P PRLUH GHV GHUQLýUHV V OHFWLRQV
&HUWDLQHV IRQFWLRQV GLVSRVHQW G
XQH P PRULVDWLRQ GHV GHUQLýUHV V OHFWLRQV RS U HV FH TXL VLJQLILH
TXH OHV U JODJHV DFWLIV DX PRPHQW RÖ OH W O YLVHXU HVW WHLQW VHURQW U WDEOLV TXDQG OH W O YLVHXU VHUD
UDOOXP $-867$*( '8 )250$7 '( /
,0$*(
&H W O YLVHXU JUDQG FUDQ YRXV SHUPHW GH UHJDUGHU O
LPDJH DX PHLOOHXU IRUPDW
\ FRPSULV OHV LPDJHV JUDQG FUDQ kIRUPDW FLQ PD k
$SSX\H] SOXVLHXUV IRLV VXU OH ERXWRQ $63(&7 SRXU SDVVHU HQWUH OHV KXLW RSWLRQV
G
DVSHFW 3DQDVRQLF $XWR þODUJL =RRP =RRP HW =RRP
28
$SSX\H] VXU OH ERXWRQ $63(&7 SXLV XWLOLVH] OH ERXWRQ 528*( RX 9(57 SRXU
IDLUH G ILOHU OHV RSWLRQV G
DVSHFW GDQV XQH GLUHFWLRQ RX GDQV O
DXWUH
$63(&7
3DQDVRQLF $XWR
3DQDVRQLF $XWR
3DQDVRQLF $XWR G WHUPLQH OH PHLOOHXU UDSSRUW
G
DVSHFW XWLOLVHU SRXU DIILFKHU O
LPDJH TXH YRXV
UHJDUGH] 8QH SURF GXUH HQ TXDWUH WDSHV HVW
XWLOLV H SRXU G WHUPLQHU VL O
LPDJH DIILFK H HVW
XQH LPDJH JUDQG FUDQ
6L 3DQDVRQLF $XGLR G WHFWH XQ VLJQDO JUDQG
!!
FUDQ LO SDVVH HQ PRGH JUDQG FUDQ 6L
3DQDVRQLF $XWR QH G WHFWH SDV XQ VLJQDO JUDQG
FUDQ YRWUH W O YLVHXU RSWLPLVH O
LPDJH SRXU OD UHQGUH OD SOXV DJU DEOH SRVVLEOH UHJDUGHU /H
WH[WH DIILFK O
FUDQ LQGLTXH FRPPHQW 3DQDVRQLF $XGLR D G FLG GX IRUPDW XWLOLVHU
€ /$5*(  HVW DIILFK O
DQJOH VXS ULHXU JDXFKH GH O
FUDQ VL XQ VLJQDO G
LGHQWLILFDWLRQ JUDQG
FUDQ :66 HVW LGHQWLIL RX VL XQ VLJQDO HVW WURXY VXU XQH ILFKH 3HULW O 3DQDVRQLF $XGLR SDVVH
DORUV HQ PRGH JUDQG FUDQ € 3DQDVRQLF $XGLR  HVW DIILFK O
DQJOH VXS ULHXU JDXFKH GH O
FUDQ VL XQH EDQGH QRLUH HQ KDXW
HW HQ EDV GH O
LPDJH HVW G WHFW H 3DQDVRQLF $XGLR FKRLVLW OH PHLOOHXU IRUPDW HW ODUJLW O
LPDJH
SRXU UHPSOLU O
FUDQ &H SURFHVVXV SHXW SUHQGUH SOXVLHXUV PLQXWHV VHORQ OHV FRXOHXUV GH O
LPDJH
6L YRXV SU I UH] YRXV SRXYH] JDOHPHQW V OHFWLRQQHU O
XQ RX O
DXWUH GHV PRGHV GLVSRQLEOHV SRXU
DIILFKHU O
LPDJH
1RWHV
- 6L HQ PRGH 3DQDVRQLF $XWR OD WDLOOH GH O
LPDJH Q
HVW SDV VDWLVIDLVDQWH ORUVTXH YRXV SDVVH] GHV
SURJUDPPHV HQ JUDQG FUDQ HQUHJLVWU V VXU YRWUH PDJQ WRVFÊSH '9'5 LO VH SHXW TXH OD
FRPPDQGH $OLJQHPHQW GH YRWUH PDJQ WRVFÊSH '9'5 DLW EHVRLQ G
XQ U JODJH FRQVXOWH] OH
PDQXHO GH YRWUH PDJQ WRVFÊSH '9'5
- /HV UDSSRUWV G
DVSHFW JUDQG FUDQ GHV ILOPV HW SURJUDPPHV GLYHUV SHXYHQW YDULHU 6L OHV YDOHXUV
VRQW VXS ULHXUHV XQH LPDJH VWDQGDUG LO VH SHXW TX
XQH EDQGH QRLUH DSSDUDLVVH HQ KDXW HW HQ
EDV GH O
FUDQ
DIILFKH XQH Y ULWDEOH LPDJH DQDPRUSKRV H VDQV DXFXQH GLVWRUVLRQ
!!
$-867$*( '8 )250$7 '( /
,0$*(
/
FUDQ DIILFKHUD XQH LPDJH DX IRUPDW OHWWHUER[ RX DX IRUPDW VDQV GLVWRUVLRQV GHV
GLPHQVLRQV
!!
þODUJL
8WLOLVH] FH PRGH ORUVTXH YRXV G VLUH] DJUDQGLU
XQH LPDJH SRXU TX
HOOH RFFXSH WRXW O
FUDQ
DX OLHX GH UHJDUGHU XQH PLVVLRQ DYHF GHV
EDQGHV QRLUHV GH SDUW HW G
DXWUH GH O
LPDJH
/
LPDJH VHUD WLU H KRUL]RQWDOHPHQW SRXU
TX
HOOH RFFXSH WRXW O
FUDQ /D G IRUPDWLRQ GH
O
LPDJH HVW YLVLEOH XQLTXHPHQW DX ERUG GURLW HW
JDXFKH GH O
FUDQ
eODUJL
!!
þODUJL
DIILFKH XQH LPDJH DX IRUPDW VWDQGDUG
VDQV GLVWRUVLRQ
!!
=RRP
=RRP DIILFKH GHV LPDJHV € ERñWH DX[ OHWWUHV  GH
IRUPDW RX VDQV GLVWRUVLRQ
=RRP
!!
=RRP $-867$*( '8 )250$7 '( /
,0$*(
=RRP
=RRP DIILFKH OHV LPDJHV kERñWH DX[ OHWWUHVl
DQDPRUSKRV HV VXU WRXW O
FUDQ VDQV
GLVWRUVLRQ
=RRP
!!
=RRP =RRP
=RRP DIILFKH OHV LPDJHV ERñWH DX[ OHWWUHV VXU WRXW O
FUDQ VDQV GLVWRUVLRQ
DIILFKH O
LPDJH VRQ IRUPDW PD[LPDO PDLV
O JýUHPHQW WLU H
=RRP
!!
=RRP )21&7,21 +2/' $55ú7 685 ,0$*(
/D WRXFKH +2/' YRXV SHUPHW G
HIIHFWXHU
XQ DUUûW VXU LPDJH WRXW PRPHQW
+2/'
$SSX\HU VXU OH ERXWRQ SRXU FRQWLQXHU
VXLYUH OH SURJUDPPH H[LVWDQW
0(18 35,1&,3$/
&H PHQX YRXV SHUPHW G
HQWUHU GDQV OH 0HQX LPDJH HW VRQ HW GDQV OH 0HQX
&RQILJXUDWLRQ
2XYUH] OH PHQX 3ULQFLSDO
0(18
0HQX SULQFLSDO
,PDJH
6RQ
&RQILJXUDWLRQ
6 OHFWLRQQH] O
RSWLRQ GH YRWUH FKRL[
&KRLVLU
$FFpGHU
(QWUH] GDQV OH PHQX
$SSX\H] VXU OD WRXFKH (;,7 SRXU
VRUWLU GX PHQX 3ULQFLSDO
(;,7
6RUWLU
5HYHQLU
,PDJH
&H PHQX YRXV SHUPHW G
HIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH O
LPDJH
6RQ
/H PHQX 6RQ YRXV SHUPHW GH U JOHU WRXV OHV DVSHFWV GX VRQ VHORQ YRV
SU I UHQFHV
&RQILJXUDWLRQ
/H PHQX &RQILJXUDWLRQ YRXV SHUPHW G
DFF GHU GLYHUVHV IRQFWLRQV YROX HV
DLQVL TX
DX PHQX 5 JODJH
,0$*(
&H PHQX YRXV SHUPHW G
HIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH O
LPDJH
2XYUH] OH PHQX 3ULQFLSDO
0(18
,PDJH
0RGH ,PDJH
5pWURpFODLUDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HPS FRXOHXU
315
$OOH] DX PHQX ,PDJH
(QWUH] GDQV OH PHQX ,PDJH
1RUPDO
$XWR
&KRLVLU
0RGLILFDWLRQ
6 OHFWLRQQH] O
RSWLRQ
GH YRWUH FKRL[
6RUWLU
5HYHQLU
$XJPHQWH] RX GLPLQXH] OHV
QLYHDX[ RX U JOH] O
WDW GHV
RSWLRQV
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU GX PHQX ,PDJH
0RGH ,PDJH
'\QDPLTXH
,PDJH
(;,7
0RGH ,PDJH
5pWURpFODLUDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HPS FRXOHXU
315
1RUPDO
1RUPDO
$XWR
/H 0RGH ,PDJH GDQV OH
0HQX LPDJHV YRXV
SHUPHW GH V OHFWLRQQHU ,PDJH
&LQpPD
PRGLILHU HW HQUHJLVWUHU 0RGH ,PDJH
5pWURpFODLUDJH
WURLV GLII UHQWV U JODJHV &RQWUDVWH
GH
O
LPDJH /XPLQRVLWp
'\QDPLTXH 1RUPDO HW &RXOHXU
&LQ PD
1HWWHWp
'DQV FKDTXH V OHFWLRQ 7HPS FRXOHXU
1RUPDO
$XWR
GX 0RGH ,PDJH YRXV 315
SRXYH] FKRLVLU HW
HQUHJLVWUHU OD U WUR FODLUDJH OH FRQWUDVWH OD OXPLQRVLW OD HLQWH SRXU 176&
H[FOXVLYHPHQW OD FRXOHXU HW QHWWHW G
DSUýV YRV GHPDQGHVW FRQFUýWHV
FRQFHUQDQW O
LPDJH YRXV SRXYH] SDU H[HPSOH V OHFWLRQQHU FHUWDLQV U JODJHV
SRXU OHV WUDQVPLVVLRQV VSRUWLYHV GLII UHQWV GHV U JODJHV SHUPHWWDQW OH VXLYL
GHV ILOPV GHV LQIRUPDWLRQV HWF
/H 0RGH ,PDJH YRXV SURSRVH WURLV U JODJHV DXWRQRPHV DX PD[LPXP SRXU
FKDTXH VRXUFH GX VLJQDO 5) $9 $9 $9 FRPSUHQDQW 5*%
/
DQDO\VH HW OH WUDLWHPHQW GH O
LPDJH HQWUDQWH SHUPHWWHQW GDQV OHV WURLV PRGHV
XQ SHUIHFWLRQQHPHQW DXWRPDWLTXH GH O
LPDJH
(Q DSSX\DQW VXU OD WRXFKH 1 GH OD W O FRPPDQGH YRXV SRXYH] UHYHQLU DX[
SDUDPHWUHV G
XVLQH GX SURILO V OHFWLRQQ VXU OD VRXUFH FKRLVLH GX VLJQDO
,0$*(
5 WUR FODLUDJH
/HV QLYHDX[ GH U WUR FODLUDJH FRQWUDVWH OXPLQRVLW FRXOHXU WHLQWH SRXU
&RQWUDVWH
176& H[FOXVLYHPHQW HW QHWWHW SHXYHQW ûWUH U JO V VHORQ YRV SU I UHQFHV
/XPLQRVLW
&RXOHXU
7HLQWH SRXU 176&
1HWWHW
7HPS FRXOHXU
315
/H U JODJH G
TXLOLEUDJH GHV FRXOHXUV YRXV SHUPHW GH U JOHU OD FRXOHXU
GRPLQDQWH GH O
LPDJH
315 U GXLW DXWRPDWLTXHPHQW OHV SDUDVLWHV LQG VLUDEOHV
621
/H PHQX 6RQ YRXV SHUPHW GH U JOHU WRXV OHV DVSHFWV GX VRQ VHORQ YRV
SU I UHQFHV
2XYUH] OH PHQX 3ULQFLSDO
0(18
6RQ
$OOH] DX PHQX 6RQ
*UDYH
$LJX
%DODQFH
03;
0RGH
$PELDQFH
(QWUH] GDQV OH PHQX 6RQ
6 OHFWLRQQH] O
RSWLRQ
GH YRWUH FKRL[
6WpUpR
0XVLTXH
1RQ
&KRLVLU
5pJOHU
$XJPHQWH] RX GLPLQXH]
OHV QLYHDX[ RX U JOH] O
WDW
GHV RSWLRQV
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU GX PHQX 6RQ
6RUWLU
5HYHQLU
(;,7
*UDYH
/H U JODJH *UDYHV YRXV SHUPHW G
DFFHQWXHU OHV IU TXHQFHV OHV SOXV EDVVHV HW
SHXW ûWUH DXJPHQW RX GLPLQX $LJX
/H U JODJH $LJXùV YRXV SHUPHW G
DFFHQWXHU OHV IU TXHQFHV OHV SOXV KDXWHV HW
SHXW ûWUH DXJPHQW RX GLPLQX %DODQFH
/D EDODQFH DJLW VXU OHV QLYHDX[ VRQRUHV HQWUH OHV KDXWSDUOHXUV GURLW HW JDXFKH
&HOD SHUPHW GH U JOHU OHV QLYHDX[ VRQRUHV HQWUH OHV KDXWSDUOHXUV HQ IRQFWLRQ
GH OD SRVLWLRQ G
FRXWH
03;
03; HVW KDELWXHOOHPHQW U JO HQ PRGH 6W U R SRXU RIIULU OD PHLOOHXUH
UHSURGXFWLRQ VRQRUH (Q FDV GH G JUDGDWLRQ GH OD U FHSWLRQ RX
G
LQGLVSRQLELOLW GX VHUYLFH QRXV YRXV UHFRPPDQGRQV GH SDVVHU HQ PRGH
0RQR /HV PRGHV 0RQR 0 HW 0 SHXYHQW ûWUH V OHFWLRQQ V VL GHV VLJQDX[
FRUUHVSRQGDQWV VRQW WUDQVPLV
0RGH
/H VRQ SHXW ûWUH DP OLRU GXUDQW OHV PRGHV 0XVLTXH RX 3DUROH HQ
V OHFWLRQQDQW OD IRQFWLRQ DSSURSUL H
$PELDQFH
/
RSWLRQ $PELDQFH IRXUQLW XQH VWLPXODWLRQ G\QDPLTXH TXL VLPXOH O
HIIHW GH VRQ
VSDWLDO DP OLRU &21),*85$7,21
/H PHQX &RQILJXUDWLRQ YRXV SHUPHW G
DFF GHU GLYHUVHV IRQFWLRQV YROX HV
DLQVL TX
DX PHQX 5 JODJH
2XYUH] OH PHQX 3ULQFLSDO
0(18
&RQILJXUDWLRQ
4/LQN
6RUW $9
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
/DQJXH GH WH[WH
5pJODJH
/DQJXHV 26'
$OOH] DX PHQX &RQILJXDUWLRQ
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
6 OHFWLRQQH] O
RSWLRQ
GH YRWUH FKRL[
&KRLVLU
0RGLILFDWLRQ
$XJPHQWH] RX GLPLQXH]
OHV QLYHDX[ RX U JOH] O
WDW
GHV RSWLRQV
$SSX\H] VXU OD WRXFKH (;,7 SRXU
VRUWLU GX PHQX &RQILJXUDWLRQ
$9
0RQLWRU
79
)/2)
1RQ
2XHVW
(;,7
6RUWLU
5HYHQLU
4/LQN
/D OLDLVRQ 4/LQN YRXV SHUPHW G
DFWLYHU $9 RX $9 RX GH G VDFWLYHU OD
FRPPXQLFDWLRQ GH GRQQQ HV DYHF XQ PDJQ WRVFÊSH '9'5 FRPSDWLEOH
SDJH 6RUW $9
2IIUH XQ FKRL[ GH VLJQDX[ HQYR\HU OD ILFKH $9 6FDUW &HWWH V OHFWLRQ V
RSýUH
HQWUH O
FUDQ DFWXHO GX W O YLVHXU OH VLJQDO G
HQWU H $9 $9 RX OH PRQLWHXU
F G O
LPDJH DIILFK H O
FUDQ
6RUW $9
2IIUH XQ FKRL[ GH VLJQDX[ HQYR\HU OD ILFKH $9 6FDUW &HWWH V OHFWLRQ V
RSýUH
HQWUH O
FUDQ DFWXHO GX W O YLVHXU OH VLJQDO G
HQWU H $9 $9 RX OH PRQLWHXU
F G O
LPDJH DIILFK H O
FUDQ
7 O WH[WH
/
RSWLRQ 7 O WH[WH YRXV SHUPHW GH FKRLVLU HQWUH OHV PRGHV 723)/2) RX /,67
SDJH 0LQXWHULH YHLOOH /D PLQXWHULH GH YHLOOH SHUPHW GH V OHFWLRQQHU O
KHXUH GH FRXSXUH GX W O YLVHXU
VXU XQH SODJH GH PLQXWHV LQWHUYDOOHV GH PLQXWHV
6\VWýPH
FRXOHXU
SRXU $9
H[FOXVLYHPHQW
/H VWDQGDUG GH FRXOHXU HVW LQGLTX H HQ PRGH $9 SDJH &21),*85$7,21
&RUUHFWLRQ
YROXPH
SRXU $9
H[FOXVLYHPHQW
(Q PRGH $9 OD FRUUHFWLRQ GH QLYHDX HVW DIILFK H 9RX] SRXYH] U JOHU OH QLYHDX
VRQRUH GH FKDTXH PRGH $9 /H QLYHDX VRQRUH HVW P PRULV 6 OHFWLRQQH] OH MHX GH FDUDFWýUHV DILQ G
DYRLU WRXV OHV FDUDFWýUHV Q FHVVDLUHV
/DQJXH GH WH[WH SRXU OH WH[WH GHV SDJHV W O WH[WHV SDU H[HPSOH FDUDFWýUHV F\ULOOLTXHV HWF
0RGH
2XHVW
(VW
(VW
/DQJXHV
DQJODLV IUDQ˜DLV DOOHPDQG JUHF LWDOLHQ HVSDJQRO VX GRLV WXUF
DQJODLV HVWRQLHQ OHWWRQ URXPDLQ UXVVH XNUDLQLHQ OLWXDQLHQ
WFKýTXH KRQJURLV OHWWRQ SRORQDLV URXPDLQ OLWXDQLHQ
5 JODJH
/H PHQX 5 JODJH YRXV GRQQH DFFýV GH QRPEUHXVHV DXWUHV IRQFWLRQV GRQW
(GLWLRQ GHV SURJUDPPHV )RQFWLRQ $73 5 JODJH ILQ 6\VWýPH FRXOHXU HW
&RUUHFWLRQ YROXPH SDJH /DQJXH 26'
/H PHQX /DQJXH 26' YRXV SHUPHW GH FKDQJHU OD ODQJXH XWLOLV H VXU WRXV OHV
PHQXV G
FUDQ SDJH 5þ*/$*(
/H PHQX 5 JODJH YRXV SHUPHW G
DFF GHU DX[ PHQXV 5 JODJH PDQXHO 5 JODJH
DXWRPDWLTXH HW 5 JODJH ILQ
2XYUH] OH PHQX 3ULQFLSDO
0(18
$OOH] DX PHQX &RQILJXUDWLRQ
&+
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
5pJODJH
3URJUDPPH VpOHFWLRQ $FFpGHU
5HFKHUFKH DXWR
5pJODJH PDQXHO
5pJODJH ILQ
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
$OOH] DX PHQX 5 JODJH
(QWUH] GDQV OH PHQX 5 JODJH
&KRLVLU
$FFpGHU
0pPR
6RUWLU
5HYHQLU
6 OHFWLRQQH] O
RSWLRQ
GH YRWUH FKRL[
$XJPHQWH] RX GLPLQXH] OHV
U JODJHV U JOH] O
WDW GHV RSWLRQV
RX DFF GH] XQ DXWUH PHQX
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU
3URJUDPPH
V OHFWLRQ
(;,7
/
DFFýV DX PHQX 3URJUDPPH V OHFWLRQ YRXV SHUPHW GH G SODFHU G
LQV UHU
G
HIIDFHU GH QRPPHU HW GH EORTXHU OHV FKDñQHV HW G
DFF GHU DX V\VWýPH 79
SDJH 5HFKHUFKH DXWR /H PHQX 5HFKHUFKH DXWR YRXV SHUPHW GH UHFRQILJXUHU DXWRPDWLTXHPHQW YRWUH
W O YLVHXU SDJH 5 JODJH
PDQXHO
/H PHQX 5 JODJH PDQXHO YRXV SHUPHW GH U JOHU PDQXHOOHPHQW OHV SRVLWLRQV
GH SURJUDPPHV LQGLYLGXHOV SDJH 5 JODJH ILQ
&HWWH RSWLRQ YRXV SHUPHW G
HIIHFWXHU OH U JODJH G
DFFRUG ILQ GHV FKDñQHV
6\VWýPH
FRXOHXU
&RUUHFWLRQ
YROXPH
/H PHQX 6\VWýPH FRXOHXU YRXV SHUPHW GH FKRLVLU OH VWDQGDUG GH WUDQVPLVVLRQ
FRUUHFW
9RXV SHUPHW GH U JOHU OH QLYHDX GH YROXPH GH FKDTXH FKDñQH LQGLYLGXHOOH
5þ*/$*( 352*5$00( 6þ/(&7,21
/H PHQX 3URJUDPPH V OHFWLRQ YRXV SHUPHW G
DMXVWHU OHV U JODJHV GH SRVLWLRQ
GHV SURJUDPPHV
2XYUH] OH PHQX 3ULQFLSDO
0(18
$OOH] DX PHQX &RQILJXUDWLRQ
&+
5pJODJH
3URJUDPPH VpOHFWLRQ $FFpGHU
5HFKHUFKH DXWR
5pJODJH PDQXHO
5pJODJH ILQ
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] DX PHQX 5 JODJH
&KRLVLU
$FFpGHU
0pPR
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX
5 JODJH
$OOH] DX PHQX þGLWLRQ GHV
SURJUDPPHV
3URJUDPPH VpOHFWLRQ
(QWUH] GDQV OH PHQX
þGLWLRQ GHV SURJUDPPHV
3URJ
(IIHFWXH] OHV FKDQJHPHQWV
YRXOXV UHSRUWH]YRXV
DX[ VHFWLRQV VXLYDQWHV
$SSX\H] VXU OD WRXFKH
2. SRXU P PRULVHU OHV
FKDQJHPHQWV
$SSX\H] VXU OD WRXFKH
(;,7 SRXU VRUWLU GX PHQX
3URJUDPP V OHFWLRQ
3RXU HIIDFHU XQH SRVLWLRQ GH
SURJUDPPH LQXWLOH
&KRLVLVVH] OD SRVLWLRQ GH
SURJUDPPH
$SSX\H] VXU OD WRXFKH URXJH
GH OD W O FRPPDQGH
(;,7
&K
&+
1RP
;<=
%ORTXHU
1RQ
1RQ
1RQ
1RQ
1RQ
6\V
)
)
)
)
)
&KDQJHU SURJUDPPH
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
(IIDFHU ,QVpUHU &KDQJHU 7pOpFKDUJ
3URJUDPPH VpOHFWLRQ
3URJ
$SSX\H] XQH QRXYHOOH IRLV
VXU OD WRXFKH URXJH SRXU YDOLGHU
&K
&+
1RP
;<=
%ORTXHU
1RQ
1RQ
1RQ
1RQ
1RQ
6\V
)
)
)
)
)
6RUWLU
5HYHQLU
(IIDFHU
$QQXOHU
5þ*/$*( 352*5$00( 6þ/(&7,21
3RXU DMRXWHU XQH SRVLWLRQ GH
SURJUDPPH
&KRLVLVVH] OD SRVLWLRQ GH
SURJUDPPH RÖ VHUD LQV U OH
QRXYHDX SURJUDPPH
$SSX\H] VXU OD WRXFKH YHUWH
3URJUDPPH VpOHFWLRQ
3URJ
$SSX\H] GH QRXYHDX VXU
OD WRXFKH YHUWH SRXU YDOLGHU
6 OHFWLRQQH] OD SRVLWLRQ TXH
YRXV VRXKDLWH] G SODFHU
$SSX\H] VXU OD WRXFKH MDXQH
GH OD W O FRPPDQGH
3URJ
$OOH] OD FRORQQH &DQDO
$XJPHQWH] RX U GXLVH] OH
QXP UR GH FDQDO RX XWLOLVH] OD
WRXFKH &
SRXU O
DFFýV GLUHFW
DX FDQDO DSSX\HU VXU OH ERXWRQ
& GHX[ IRLV SRXU V OHFWLRQQHU
GLUHFWHPHQW XQ FDQDO HQ
K\SHUEDQG SDJH 6\V
1RQ
1RQ
1RQ
1RQ
1RQ
)
)
)
)
)
$QQXOHU
&K
&+
1RP
;<=
%ORTXHU 6\V
1RQ
1RQ
1RQ
1RQ
1RQ
)
)
)
)
)
7UDQVIHUW SURJUDPPH
6RUWLU
5HYHQLU
&RQILUPHU
$SSX\H] GH QRXYHDX VXU
OD WRXFKH MDXQH SRXU YDOLGHU
6 OHFWLRQQH] OD SRVLWLRQ GH
SURJUDPPH
;<=
%ORTXHU
3URJUDPPH VpOHFWLRQ
6 OHFWLRQQH] OD QRXYHOOH
SRVLWLRQ
3RXU U JOHU XQH SRVLWLRQ GH
SURJUDPPH
&+
1RP
6RUWLU
5HYHQLU
,QVpUHU
&HWWH SRVLWLRQ YLHUJH SHXW
PDLQWHQDQW ûWUH FRQILJXU H
QRPP H EORTX H HW XWLOLV H SRXU OH
V\VWýPH GH W O YLVLRQ GH YRWUH FKRL[
3RXU G SODFHU XQ SURJUDPPH
XQH DXWUH SRVLWLRQ
&K
$QQXOHU
3URJUDPPH VpOHFWLRQ
3URJ
&K
&+
1RP
;<=
%ORTXHU 6\V
1RQ
1RQ
1RQ
1RQ
1RQ
0RGLILHU OD FKDvQH
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
)
)
)
)
)
5þ*/$*( 352*5$00( 6þ/(&7,21
3RXU FKDQJHU OH QRP G
XQH
SRVLWLRQ GH SURJUDPPH
&KRLVLVVH] OD SRVLWLRQ YRXOXH
3URJUDPPH VpOHFWLRQ
3URJ
3RVLWLRQQH]YRXV VXU OH QRP
6 OHFWLRQQH] OH QRXYHDX SUHPLHU
FDUDFWýUH
3RVLWLRQQH]YRXV VXU OH VHFRQG
FDUDFWýUH
&RQWLQXH] MXVTX
DX FKDQJHPHQW
FRPSOHW GX QRP
3RXU EORTXHU XQH SRVLWLRQ GH
SURJUDPPH DILQ G
HQ LQWHUGLUH
O
DFFýV
6 OHFWLRQQH] OD SRVLWLRQ G VLU H
3RVLWLRQQH]YRXV VXU OD FRORQQH
%ORFDJH
6 OHFWLRQQH] O
WDW %ORFDJH
DFWLY RX G VDFWLY
1RWH
4XDQG XQH SRVLWLRQ GH SURJUDPPH HVW
EORTX H O
DFFýV GLUHFW DX FDQDO HQ
XWLOLVDQW OD WRXFKH & HW OHV WRXFKHV QXP ULTXHV
GH OD W O FRPPDQGH Q
HVW SDV GLVSRQLEOH
3RXU FKDQJHU OH V\VWýPH 79 SRXU
XQH SRVLWLRQ GH SURJUDPPH YRXOXH
6 OHFWLRQQH] OD SRVLWLRQ G VLU H
3RVLWLRQQH]YRXV VXU
OD FRORQQH 6\V
&KRLVLVVH] OH V\VWýPH YRXOX 6& 3$/ %* 6(&$0 %*
6& 3$/ ,
6& 3$/ '. 6(&$0 '.
)
6(&$0 //
&K
&+
1RP
;<=
%ORTXHU
6\V
1RQ
1RQ
1RQ
1RQ
1RQ
)
)
)
)
)
$%&'()*+,-./01234567
89:;<= &KDQJHU FDUDFWLUH
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
3URJUDPPH VpOHFWLRQ
3URJ
&K
&+
1RP
;<=
%ORTXHU
6\V
1RQ
1RQ
1RQ
1RQ
1RQ
)
)
)
)
)
%ORTXHU RXLQRQ
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
3URJUDPPH VpOHFWLRQ
3URJ
&K
&+
1RP
;<=
%ORTXHU 6\V
1RQ
1RQ
1RQ
1RQ
1RQ
)
)
)
)
)
0RGLILHU OH V\VWqPH 79
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
5þ*/$*( 352*5$00( 6þ/(&7,21
3RXU FRSLHU OHV SDUDPýWUHV GH
SURJUDPPH VXU XQ PDJQ WRVFÊSH
'9'5 FRPSDWLEOH FRQQHFW
$9 RX $9
$OOH] OD FRORQQH 3URJ
$SSX\H] VXU OH ERXWRQ EOHX GH OD
W O FRPPDQGH
/HV SDUDPýWUHV GX SURJUDPPH VRQW
PDLQWHQDQW WUDQVPLV DX PDJQ WRVFÊSH
'9'5 &HOD SHXW SUHQGUH TXHOTXHV
VHFRQGHV VHORQ OH QRPEUH GH FKDñQHV
P PRULV HV
1RWH 6L OH PHVVDJH k4/LQN"l
- 9HULILHU WDW 4/LQN $9 RX $9
- 9HULILHU WDW PDJQ WRVFÊSH
'9'5 DSSDUDñW O
FUDQ OH W O YLVHXU
Q
HVW SDV HQ PHVXUH GH WUDQVPHWWUH OHV
GRQQ HV GH SURJUDPPH DX
PDJQ WRVFÊSH '9'5 9HXLOOH]
FRQVXOWHU OH 0RGH G
HPSORL GX
PDJQ WRVFÊSH '9'5 SRXU SOXV GH
G WDLOV
7(/(&+$5*(0(17 (1 &2856
$77(1'(= 693
3URJUDPPH 7pOpFRPPDQGH QRQ GLVSRQLEOH
*8,'( '(6 352*5$00(6
/H ERXWRQ GX *XLGH GHV SURJUDPPHV IDLW YRLU OD OLVWH GH SURJUDPPHV
$SSX\HU OH ERXWRQ *8,'( VXU
OD W O FRPPDQGH SRXU IDLUH
UHSU VHQWHU OD OLVWH
GH SURJUDPPHV
*8,'(
'DQV OH FDGUH GH FHWWH OLVWH
XWLOLVHU OHV FRXUVHXUV SRXU
IDLUH \ PRXYRLU OD EDUUH
8WLOLVHU OH ERXWRQ SRXU
OH FKDQJHPHQW GH SURJUDPPHV
YHUV EDVYHUV KDXW
HQ IHXLOOHWDQW OHV SDJHV GX OLVWH
(Q DSSX\DQW VXU OH ERXWRQ 2.
V OHFWLRQQHU YRWUH SURJUDPPH
GHPDQG
6RUWLU GH OD OLVWH HQ DSSX\DQW (;,7 *8,'(
VXU OHV ERXWRQV (;,7 RX *8,'(
*XLGH GHV SURJUDPPHV
3URJ 1RP &K
3URJ 1RP
9&5 1DPH &+
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
1DPH +
1DPH
&KRLVLU
&KRLVLU
&RQILUPHU
6RUWLU
3DJH 3DJH &K
+
+
+
+
+
+
+
+
+
+
+
+
+
5þ*/$*( $73 &21),*85$7,21 $8720$7,48(
/H PHQX &RQILJXUDWLRQ DXWRPDWLTXH YRXV SHUPHW GH UHFRQILJXUHU
DXWRPDWLTXHPHQW YRWUH W O YLVHXU HQ IRQFWLRQ GHV FKDñQHV GH W O YLVLRQ
ORFDOHV &HWWH IRQFWLRQ HVW XWLOH HQ FDV GH G P QDJHPHQW GDQV XQH DXWUH
U JLRQ
2XYUH] OH PHQX 3ULQFLSDO
0(18
$OOH] DX PHQX &RQILJXUDWLRQ
$WWHQWLRQ
$73 HIIDFHUD OHV GRQQpHV DFWXHOOHV
HW H[pFXWHUD XQ QRXYHDX UpJODJH
'pEXW $73
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] DX PHQX 5 JODJH
(QWUH] GDQV OH PHQX
5 JODJH
$OOH] DX PHQX 5HFKHUFKH
DXWR
(QWUH] GDQV OH PHQX
5HFKHUFKH DXWR
$SSX\H] SRXU FRQILUPHU HW
FRPPHQFHU
6 OHFWLRQQH] OH SD\V
$SSX\H] SRXU ODQFHU OD
FRQILJXUDWLRQ DXWRPDWLTXH
$73
/H W O YLVHXU YD FKHUFKHU
LGHQWLILHU HW WULHU GDQV O
RUGUH OHV
FKDñQHV GH W O YLVLRQ ORFDOHV
6L XQ PDJQ WRVFRSH '9'5
FRPSDWLEOH HVW FRQQHFW OD SULVH
$9 RX $9 OHV SDUDPýWUHV GHV
SURJUDPPHV VHURQW WUDQVPLV
DXWRPDWLTXHPHQW DX PDJQ WRVFRSH
'9'5 YLD OD OLDLVRQ 4/LQN
SDJH 8QH IRLV FHWWH RS UDWLRQ WHUPLQ H OH
W O YLVHXU DIILFKHUD OD SRVLWLRQ GH
SURJUDPPH 3D\V
'HXWVFKODQG
gVWHUUHLFK
)UDQFH
,WDOLD
(VSDxD
3RUWXJDO
1HGHUODQG
'DQPDUN
6YHULJH
1RUJH
6XRPL
%HOJLXP
6FKZHL]
(//$'$
3ROVND
ýHVNi UHSXEOLND
0DJ\DURUV]iJ
((X
&KRLVLU
'pEXW $73
6RUWLU
5HYHQLU
&+
$73 (1 &2856
5(&+(5&+( $77(1'(= 693
&+ ;<=
6RUWLU
5HYHQLU
5þ*/$*( 5þ*/$*( 0$18(/
/H U JODJH PDQXHO GHV SRVLWLRQV GH SURJUDPPHV SHXW V
HIIHFWXHU
PHQX VXU FUDQ RX GHV FRPPDQGHV HQ ID˜DGH
SDUWLU GX
0HQX 5 JODJH PDQXHO
2XYUH] OH PHQX 3ULQFLSDO
0(18
&+
$OOH] DX PHQX &RQILJXUDWLRQ
5pJODJH
3URJUDPPH VpOHFWLRQ
5HFKHUFKH DXWR
5pJODJH PDQXHO
$FFpGHU
5pJODJH ILQ
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] DX PHQX 5 JODJH
&KRLVLU
$FFpGHU
0pPR
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX 5 JODJH
$OOH] 5 JODJH PDQXHO
(QWUH] GDQV 5 JODJH PDQXHO
&+
6 OHFWLRQQH] OD SRVLWLRQ GH
SURJUDPPH G VLU H
5pJODJH PDQXHO
&RPPHQFH] OH U JODJH
4XDQG OH SURJUDPPH YRXOX HVW
ORFDOLV DSSX\H] VXU 2. SRXU
P PRULVHU
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU GX PHQX 5 JODJH
PDQXHO
(;,7
5HFKHUFKH EDVKDXW
0pPR
6RUWLU
5HYHQLU
& $FF V GLUHFW
5þ*/$*( 5þ*/$*( 0$18(/
5 JODJH PDQXHO
3DQQHDX GH FRPPDQGH
$SSX\H] VXU OD WRXFKH
) MXVTX
REWHQWLRQ
GX PHQX 5 JODJH
$SSX\H] VXU OD WRXFKH RX $SSX\H] VXU OD WRXFKH 79$9
SRXU DOWHUQHU HQWUH &KDQJHU
SURJUDPPH ' EXWHU 5HFKHUFKH
RX 0RGLILHU OH V\VWýPH 79
$SSX\H] VXU RX SRXU
FKDQJHU GH SRVLWLRQ
GH SURJUDPPH FRPPHQFHU
OD UHFKHUFKH RX FKDQJHU
OH V\VWýPH 79
)
Y
79$9
Y
4XDQG OD FKDñQH YRXOXH HVW
ORFDOLV H DSSX\H] VXU
675 SRXU P PRULVHU
675
5 S WH] OD SURF GXUH
FLGHVVXV SRXU DFFRUGHU
G
DXWUHV SURJUDPPHV RX
DSSX\H] VXU OD WRXFKH )
SRXU VRUWLU
)
5pJODJH PDQXHO
) 1RQ
675
&+
)
2XL
› š 79$9
)
5pJODJH PDQXHO
79$9
675
)
'pEXWHU 5HFKHUFKH
'pSODFHU OH FXUVHXU
3RXU 0pPR
3RXU VRUWLU
675
)
› š 79$9
/$1*8(6 26'
/RUV GH O
LQVWDOODWLRQ LQLWLDOH GX W O YLVHXU OD ODQJXH G
DIILFKDJH VXU FUDQ D W
U JO H HQ IRQFWLRQ GX SD\V GH YRWUH FKRL[ 9RXV SRXYH] FHSHQGDQW
V OHFWLRQQHU XQH DXWUH ODQJXH SDUWLU GX PHQX /DQJXHV 26'
2XYUH] OH PHQX 3ULQFLSDO
0(18
&RQILJXUDWLRQ
4/LQN
6RUW $9
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
/DQJXH GH WH[WH
5pJODJH
/DQJXHV 26'
$OOH] DX PHQX &RQILJXUDWLRQ
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] DX PHQX /DQJXHV 26'
$FFpGHU
&KRLVLU
$FFpGHU
(QWUH] GDQV OH PHQX /DQJXHV
26'
6RUWLU
5HYHQLU
6 OHFWLRQQH] O
RSWLRQ GH
YRWUH FKRL[
$SSX\H] VXU OD WRXFKH (;,7
SRXU YDOLGHU YRWUH V OHFWLRQ
HW VRUWLU
$9
79
79
)/2)
1RQ
2XHVW
/DQJXHV 26'
(;,7
'HXWVFK
(QJOLVK
)UDQoDLV
,WDOLDQR
(//+1,.$
ýHãWLQD
5RPkQ
3ROVNL
(VSDxRO
1RUVN
'DQVN
6YHQVND
0DJ\DU
5XVVNLM
6ORYHQVN\
6USVNL
&KRLVLU ODQJXHV
&KRLVLU ODQJXHV
6RUWLU
5HYHQLU
1HGHUODQGV
6XRPL
7UNoH
3RUWXJXrV
+UYDWVNL
%XOJDULDQ
6ORYHQVNR
/,$,621 4/,1.
/D OLDLVRQ 4/LQN SHUPHW DX W O YLVHXU GH FRPPXQLTXHU DYHF YRWUH
PDJQ WRVFRSH '9'5
2XYUH] OH PHQX 3ULQFLSDO
0(18
&RQILJXUDWLRQ
4/LQN
6RUW $9
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
/DQJXH GH WH[WH
5pJODJH
/DQJXHV 26'
$OOH] DX PHQX &RQILJXUDWLRQ
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] /LDLVRQ 4/LQN
&RQILUPH] TXH OD OLDLVRQ
4/LQN HVW O
WDW kDFWLY l
$9
0RQLWRU
79
)/2)
1RQ
2XHVW
&KRLVLU
0RGLILFDWLRQ
6RUWLU
5HYHQLU
(;,7
$SSX\H] VXU OD WRXFKH
(;,7 SRXU VRUWLU
/H PDJQ WRVFRSH '9'5 GRLW ûWUH FRQQHFW SDU XQ F EOH 3(5,7(/ W\SH FRXYUDQW WRXWHV OHV
IRQFWLRQV HQWUH OD SULVH $9 RX $9 GX W O YLVHXU HW OD SULVH FRUUHVSRQGDQWH GX PDJQ WRVFRSH
'9'5 &RQVXOWH] OH PRGH G
HPSORL GX PDJQ WRVFRSH '9'5 SRXU WRXV UHQVHLJQHPHQWV
FRPSO PHQWDLUHV /D OLDLVRQ 4/LQN OD OLDLVRQ 1(;79,(:/,1. RX OHV WHFKQRORJLHV VLPLODLUHV
SHUPHWWHQW DX W O YLVHXU GH FRPPDQGHU XQ PDJQ WRVFRSH '9'5 FRPSDWLEOH G
HQUHJLVWUHU OH
SURJUDPPH UHWUDQVPLV FH PRPHQWO VXU O
FUDQ RX W O YLVHXU TXHOOH TXH VRLW OD SRVLWLRQ GH U JODJH
GH SURJUDPPH GX PDJQ WRVFRSH '9'5 &HOD VLPSOLILH FRQVLG UDEOHPHQW O
HQUHJLVWUHPHQW GHV
SURJUDPPHV
3RXU HQUHJLVWUHU O
PLVVLRQ TXH YRXV ûWHV HQ WUDLQ GH UHJDUGHU
',5(&7 79 5(&
$SSX\H] VXU OD WRXFKH ',5(&7 79 5(& GH OD W O FRPPDQGH
6L OH PDJQ WRVFRSH '9'5 HVW WHLQW LO V
DOOXPH DXWRPDWLTXHPHQW TXDQG YRXV DSSX\H] VXU OD
WRXFKH ',5(&7 79 5(&
8Q PHVVDJH SURYHQDQW GX PDJQ WRVFRSH '9'5 V
DIILFKH VXU O
FUDQ GX W O YLVHXU SRXU LQGLTXHU
FH TXL HVW HQUHJLVWU RX TXH O
HQUHJLVWUHPHQW GLUHFW HVW LPSRVVLEOH (QUHJ DUUHWp 6RXUFH 79 GLIIpUHQWH
(QUHJLVWUHPHQW HQ FRXUV
/H PDJQ WRVFRSH '9'5 HQUHJLVWUH OH
VLJQDO GH SURJUDPPH GH VRQ SURSUH WXQHU
9RXV SRXYH] WHLQGUH OH W O YLVHXU HW ODLVVHU
OH PDJQ WRVFRSH '9'5 HQUHJLVWUHU GH OD
ID˜RQ QRUPDOH
6RXUFH HQUHJLVWUHPHQW 79
/H PDJQ WRVFRSH '9'5 HVW HQ WUDLQ
G
HQUHJLVWUHU O
PLVVLRQ UHWUDQVPLVH SDU OH
W O YLVHXU 9RXV QH GHYH] SDV FKDQJHU OD SRVLWLRQ
GH SURJUDPPH RX WHLQGUH OH W O YLVHXU VL YRXV
OH IDLWHV OH PDJQ WRVFRSH '9'5 V
DUUûWHUD
DXWRPDWLTXHPHQW G
HQUHJLVWUHU HW V
WHLQGUD
$XFXQ HQUHJ 9HULILHU OH VXSSRUW
/D ODQJXHWWH GH SURWHFWLRQ O
DUULýUH GH OD
FDVVHWWH YLG R D W HQOHY H
([HPSOHV G
DXWUHV PHVVDJHV SRXYDQW ûWUH DIILFK V 7e/e&+$5*(0(17 (1 &2856
7pOpFKDUJ LPSRVVLEOH 0DWpULHO
)RQFWLRQ QRQ GLVSRQLEOH
7e/e&+$5*(0(17 3URJUDPPH
/,$,621 4/,1.
3RXU O
FKDQJH GHV SDUDPýWUHV GH U JODJH
3RXU DVVXUHU GHV HQUHJLVWUHPHQWV YLG R FRUUHFWV OH W O YLVHXU HW OH PDJQ WRVFRSH '9'5 GRLYHQW
SRXYRLU FKDQJHU GHV LQIRUPDWLRQV VXU OHV SDUDPýWUHV GH U JODJH SDJH - &KDTXH IRLV TXH OD IRQFWLRQ &RQILJXUDWLRQ DXWRPDWLTXH $73 HVW XWLOLV H OHV SDUDPýWUHV GH
U JODJH VRQW WUDQVPLV DX PDJQ WRVFRSH '9'5
)RQFWLRQV 0LVH HQ PDUFKH HW $UUûW DXWRPDWLTXHV GX W O YLVHXU
&HV IRQFWLRQV VXSSO PHQWDLUHV VRQW GLVSRQLEOHV DYHF OD OLDLVRQ 4/LQN GH 3DQDVRQLF
- 4XDQG YRXV LQWURGXLVH] XQH FDVVHWWH YLG R GDQV YRWUH PDJQ WRVFRSH '9'5 HW TXH YRXV
DSSX\H] VXU OH ERXWRQ 0DUFKH GX PDJQ WRVFRSH '9'5 OH W O YLVHXU VH PHW DXWRPDWLTXHPHQW
HQ PDUFKH HW V OHFWLRQQH O
HQWU H $9 RX $9 SRXU YRXV SHUPHWWUH GH YLVLRQQHU OD YLG R
- 6L YRXV WHLJQH] OH W O YLVHXU DORUV TXH OH PDJQ WRVFRSH '9'5 HVW HQ PRGH $UUûW $YDQFH
UDSLGH RX 5HPERELQDJH OH PDJQ WRVFRSH '9'5 V
DUUûWHUD DXWRPDWLTXHPHQW
3RXU G VDFWLYHU OD OLDLVRQ 4/LQN
6L YRXV QH VRXKDLWH] SDV XWLOLVHU OD OLDLVRQ 4/LQN DOOH] DX PHQX &RQILJXUDWLRQ V OHFWLRQQH] O
RSWLRQ
4/LQN HW V OHFWLRQQH] O
WDW € ' VDFWLY  2II SDJH 1RWH LPSRUWDQWH 7RXV OHV PDJQ WRVFRSH '9'5V Q
DFFHSWHQW SDV FH V\VWýPH GH FRPPXQLFDWLRQV GH GRQQ HV
&HUWDLQV PDJQ WRVFRSHV '9'5 SHXYHQW DFFHSWHU FHUWDLQHV IRQFWLRQV PDLV SDV G
DXWUHV
&RQVXOWH] OH PRGH G
HPSORL GH YRWUH PDJQ WRVFRSH '9'5 SRXU YRXV LQIRUPHU
6L OD OLDLVRQ 4/LQN HVW LQRS UDQWH FRPPHQFH] SDU FRQILUPHU TXH OH F EOH 3(5,7(/ XWLOLV HVW ELHQ GX
W\SH FRXYUDQW WRXWHV OHV IRQFWLRQV &RQVXOWH] YRWUH UHYHQGHXU SRXU YRXV LQIRUPHU
)21&7,21 0$*1þ726&23(/(&7(85 '( 9,'þ2',648(6 '9'5
&HWWH W O FRPPDQGH SHXW ûWUH XWLOLV H DYHF FHUWDLQV PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV DX
IRUPDW '9'5 'LJLWDO 9HUVDWLOH 'LVF GH OD PDUTXH 3DQDVRQLF þWDQW GRQQ TXH FHUWDLQV
PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV '9'5 RIIUHQW GHV IRQFWLRQV GLII UHQWHV YHXLOOH] YRXV
U I UHU DX PRGH G
HPSORL GH O
DSSDUHLO RX FRQVXOWHU OH UHYHQGHXU SRXU YRXV LQIRUPHU
þWDW GH YHLOOH
$SSX\H] VXU FHWWH WRXFKH SRXU PHWWUH OH PDJQ WRVFRSH OHFWHXU GH
YLG RGLVTXHV '9'5 O
WDW GH YHLOOH
$SSX\H] QRXYHDX SRXU O
DOOXPHU
9&5
'9'
7RXFKH PDJQ WRVFRSH OHFWHXU GH YLG RGLVTXHV '9'5
8WLOLVH] FHWWH WRXFKH SRXU TXH OD W O FRPPDQGH FRPPDQGH OH
PDJQ WRVFRSH RX OH OHFWHXU GH YLG RGLVTXHV '9'5
/HFWXUH
$SSX\H] VXU FHWWH WRXFKH SRXU OLUH OD FDVVHWWHOH GLVTXH YLG R
$UUûW
$SSX\H] VXU FHWWH WRXFKH SRXU DUUûWHU OD FDVVHWWHOH GLVTXH YLG R
6DXW GH SODJH $YDQFH UDSLGH 9LVXDOLVDWLRQ
0$*1þ726&23( $SSX\H] VXU FHWWH WRXFKH SRXU FRPPDQGHU
O
DYDQFH UDSLGH (Q PRGH /HFWXUH DSSX\H] VXU FHWWH WRXFKH SRXU
YLVXDOLVHU O
LPDJH HQ PRGH G
DYDQFH UDSLGH
/(&7(85 '9'5 $SSX\H] XQH IRLV VXU FHWWH WRXFKH SRXU VDXWHU OD
SODJH VXLYDQWH (Q PRGH /HFWXUH DSSX\H] GH ID˜RQ FRQWLQXH VXU FHWWH
WRXFKH SRXU YLVXDOLVHU O
LPDJH HQ PRGH G
DYDQFH UDSLGH
6DXW GH SODJH 5HPERELQDJH UDSLGH 9LVXDOLVDWLRQ
0$*1þ726&23( $SSX\H] VXU FHWWH WRXFKH SRXU UHPERELQHU OD
EDQGH (Q PRGH /HFWXUH DSSX\H] VXU FHWWH WRXFKH SRXU YLVXDOLVHU OD
EDQGH HQ PRGH GH UHPERELQDJH UDSLGH
/(&7(85 '9'5 $SSX\H] XQH IRLV VXU FHWWH WRXFKH SRXU VDXWHU OD
SODJH SU F GHQWH (Q PRGH /HFWXUH DSSX\H] GH ID˜RQ FRQWLQXH VXU
FHWWH WRXFKH SRXU YLVXDOLVHU O
LPDJH HQ PRGH UHFXO UDSLGH
$UUûW VXU LPDJH
$SSX\H] VXU FHWWH WRXFKH HQ PRGH /HFWXUH SRXU REWHQLU O
DUUûW VXU
LPDJH
$SSX\H] GH QRXYHDX SRXU UHSUHQGUH OD OHFWXUH QRUPDOH
352*5$00(
5(&
' ILOHPHQW
$SSX\H] SRXU DXJPHQWHUGLPLQXHU G
XQH XQLW OD SRVLWLRQ GH
SURJUDPPH GX PDJQ WRVFRSH
(QUHJLVWUHPHQW
$SSX\H] VXU FHWWH WRXFKH SRXU HQUHJLVWUHU
)21&7,21 7þ/þ7(;7(
- /HV IRQFWLRQV GH 7 O WH[WH YDULHQW VHORQ OHV VRFL W V GH UDGLRGLIIXVLRQ HW QH VRQW GLVSRQLEOHV TXH VL
OD FKDñQH V OHFWLRQQ H WUDQVPHW OH 7 O WH[WH
- (Q DSSX\DQW GHX[ IRLV VXU OD WRXFKH 0(18 ORUV GH OD PDUFKH GX 7 O WH[WH OD IRQFWLRQ GH FRQWUDVWH
V
DIILFKH DYHF XQH FKHOOH GH FRXOHXU EOHX DSSX\H] VXU * SRXU PRGLILHU OH U JODJH VHORQ OHV
EHVRLQV
(Q DSSX\DQW XQH IRLV VXU OD WRXFKH 0(18 ORUV GH OD PDUFKH GX 7 O WH[WH O
RSWLRQ GHV IRQFWLRQV
VS FLDOHV V
DIILFKH HQ EDV GH O
FUDQ
- (Q PRGH 7 O WH[WH OH YROXPH SHXW WRXMRXUV ûWUH PRGLIL SRXU V
DGDSWHU DX QLYHDX GH U FHSWLRQ
G VLU (Q TXRL FRQVLVWH OH PRGH /,67 /,67( "
(Q PRGH /,67 TXDWUH QXP URV GH SDJH GH FRXOHXUV GLII UHQWHV DSSDUDLVVHQW HQ EDV GH O
FUDQ
&KDFXQ GH FHV QXP URV SHXW ûWUH FKDQJ HW HQUHJLVWU GDQV OD P PRLUH GX W O YLVHXU
(Q TXRL FRQVLVWH OH PRGH )$67(;7 7(;7( 5$3,'( "
(Q PRGH )$67(;7 TXDWUH VXMHWV GH FRXOHXUV GLII UHQWHV DSSDUDLVVHQW HQ EDV GH O
LPDJH 3RXU
REWHQLU SOXV G
LQIRUPDWLRQ VXU O
XQ GH FHV VXMHWV DSSX\H] VXU OH ERXWRQ FRORU FRUUHVSRQGDQW &HWWH
IRQFWLRQ SHUPHW G
REWHQLU UDSLGHPHQW GHV LQIRUPDWLRQV VXU OHV VXMHWV LQGLTX V
(Q TXRL FRQVLVWH OH PRGH 723 7 O WH[WH "
/D IRQFWLRQ 7RS 7 O WH[WH UHQG OD V OHFWLRQ GHV SDJHV GH 7 O WH[WH YRXOXHV SOXV IDFLOH HW SOXV UDSLGH
(Q IDLW O
DFFýV DX[ SDJHV HVW LQVWDQWDQ DSSX\H] VXU OH ERXWRQ HW OD SDJH DSSDUDñW
&RPPHQW IRQFWLRQQH FHWWH RSWLRQ "
/
RSWLRQ 723 7 O WH[WH XWLOLVH TXDWUH WRXFKHV FRORU HV URXJH YHUWH MDXQH HW EOHXH SRXU V OHFWLRQQHU
OHV LQIRUPDWLRQV VXLYDQWHV
- 3RXU YRXV G SODFHU G
XQH FDW JRULH GH VSHFWDFOH XQH DXWUH 63257 SDU H[HPSOH XWLOLVH] OD
WRXFKH EOHXH 8QH IRLV O
LQW ULHXU GH OD FDW JRULH 63257 YRXV SRXYH] V OHFWLRQQHU GHV DFWLYLW V
GLII UHQWHV WHOOHV TXH OH WHQQLV OH IRRWEDOO OH EDVNHWEDOO HWF HQ XWLOLVDQW OD WRXFKH MDXQH 4XDQG OD
GHUQLýUH DFWLYLW GH OD FDW JRULH HVW DWWHLQWH OD WRXFKH MDXQH YRXV IDLW SDVVHU OD FDW JRULH GH
VSHFWDFOH VXLYDQWH
- /D WRXFKH YHUWH V OHFWLRQQHUD OD SDJH VXLYDQWH YHUV OH +$87
- /D WRXFKH URXJH V OHFWLRQQHUD OD SDJH VXLYDQWH YHUV OH %$6
4XHOV VRQW OHV DYDQWDJHV "
- 6 OHFWLRQ GH OD SDJH DX VLPSOH WRXFKHU G
XQ ERXWRQ
- 6 OHFWLRQ IDFLOH WDSH SDU WDSH GDQV OHV FDW JRULHV G
DFWLYLW V YRXOXHV
- 5 GXFWLRQ GX WHPSV G
DWWHQWH
- 6L YRXV HQWUH] XQ QXP UR GH SDJH QRQ H[LVWDQW XQ SRLQW G
LQWHUURJDWLRQ DSSDUDñW HQ EDV GH O
FUDQ
- /D OLJQH G
WDW HQ EDV GH O
FUDQ YRXV LQGLTXH WRXMRXUV TXHO ERXWRQ YRXV FRQGXLUD O
LQIRUPDWLRQ
VRXKDLW H
0RGH 797 O WH[WH
797(;7
$SSX\H] VXU OD WRXFKH 797(;7
/D SDJH 7 O WH[WH V
DIILFKH O
FUDQ
$SSX\H] QRXYHDX VXU FHWWH WRXFKH SRXU UHYHQLU HQ PRGH 79
6 OHFWLRQ GHV SDJHV
/HV SDJHV SHXYHQW ûWUH V OHFWLRQQ HV GH GHX[ PDQLýUHV D $SSX\H] VXU OHV WRXFKHV GH G ILOHPHQW SRXU DFFURñWUH RX G FURñWUH
OH QXP UR GH SDJH G
XQH XQLW OD IRLV
E (Q HQWUDQW OH QXP UR GH SDJH O
DLGH GHV WRXFKHV GH OD
W O FRPPDQGH
)XOO 7RS %RWWRP 3OHLQ +DXW %DV
0(18
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
SXLV VXU OD WRXFKH YHUWH
$SSX\H] XQH QRXYHOOH IRLV VXU OD WRXFKH YHUWH SRXU DJUDQGLU OD SDUWLH
,1)(5,(85( GH O
FUDQ
$SSX\H] XQH QRXYHOOH IRLV SRXU UHYHQLU O
DIILFKDJH QRUPDO SOHLQ FUDQ
)8//
)21&7,21 7þ/þ7(;7(
,O Q
HVW SDV SRVVLEOH GH FKDQJHU OD SRVLWLRQ GX SURJUDPPH HQ PRGH )ODVK G
LQIRUPDWLRQV 0LVH MRXU
RX $FFýV DX[ VRXVSDJHV
0(18
5HYHDO 5 Y OHU
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
SXLV VXU OD WRXFKH URXJH SRXU U Y OHU OHV PRWV FDFK V SDU H[HPSOH
OHV U SRQVHV DX[ SDJHV GH MHX[ $SSX\H] GH QRXYHDX SRXU FDFKHU
OHV U SRQVHV
7RXFKHV URXJH YHUWH MDXQH EOHX
(Q PRGH 723 RX )$67(;7 FHV GHUQLýUHV FRUUHVSRQGHQW DX[
GLII UHQWV VXMHWV GH FRXOHXU
(Q PRGH /,67 /,67( HOOHV FRUUHVSRQGHQW DX[ GLII UHQWV QXP URV
GH SDJHV FRORU HV
/LVW 6WRUH 0 PRLUH GH OLVWH
(Q PRGH /,67 OHV TXDWUH QXP URV GH SDJH SHXYHQW ûWUH FKDQJ V
SRXU OHV SRVLWLRQV GH FKDñQHV VHXOHPHQW 3RXU FH IDLUH
DSSX\H] VXU O
XQH GHV WRXFKHV GH FRXOHXU HW HQWUH] OH QRXYHDX
QXP UR GH SDJH
3UHVVH] HW PDLQWHQH] HQIRQF H OD WRXFKH 2. MXVTX
FH TXH OHV
QXP URV GH SDJH FKDQJHQW GH FRXOHXU
+2/'
0DLQWLHQ GH OD SDJH
$SSX\H] VXU OD WRXFKH +2/' SRXU UHWHQLU OD SDJH 7 O WH[WH ORUV GH OD
FRQVXOWDWLRQ G
LQIRUPDWLRQV FRXUDQW VXU SOXVLHXUV SDJHV $SSX\H] GH
QRXYHDX SRXU UHYHQLU OD PLVH MRXU DXWRPDWLTXH
3DJH SU I U H )3
)3
&HWWH IRQFWLRQ SHUPHW GH P PRULVHU XQH SDJH HW GH OD UDSSHOHU
LQVWDQWDQ PHQW 3RXU PHWWUH OD SDJH HQ P PRLUH OH W O YLVHXU GRLW
ûWUH HQ PRGH /LVWH HW OD SRVLWLRQ GH SURJUDPPH GRLW ûWUH HQWUH HW
$SSX\H] VXU OD WRXFKH EOHXH SRXU V OHFWLRQQHU OH QXP UR GH
SDJH SXLV DSSX\H] VXU OD WRXFKH 2. HW WHQH] OD HQIRQF H /H
QXP UR GH SDJH HVW DORUV P PRULV $SSX\H] VXU OD WRXFKH )3 SRXU
UDSSHOHU FHWWH SDJH
8SGDWH 'LVSOD\ 0LVH
0(18
MRXU
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
SXLV VXU OD WRXFKH MDXQH SRXU YRLU O
LPDJH W O YLV H WRXW HQ
FKHUFKDQW XQH SDJH 7 O WH[WH
/RUVTXH OD SDJH HVW WURXY H O
FUDQ DIILFKHUD OH QXP UR GH OD SDJH
HQ KDXW JDXFKH
$SSX\H] VXU OD WRXFKH MDXQH SRXU YRLU OD SDJH
$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
1HZV )ODVK )ODVK G
LQIRUPDWLRQV /RUVTX
XQH SDJH GH IODVK
G
LQIRUPDWLRQV D W V OHFWLRQQ H DSSX\H] VXU OD WRXFKH 0(18 HW
VXU OD WRXFKH MDXQH SRXU UHJDUGHU OD W O YLVLRQ QRUPDOHPHQW
/RUVTXH OD PLVH MRXU G
XQ IODVK G
LQIRUPDWLRQV VHUD FDSW H OH
QXP UR GH SDJH VHUD DIILFK VXU O
FUDQ
$SSX\H] DORUV VXU OD WRXFKH MDXQH SRXU DIILFKHU OH IODVK
G
LQIRUPDWLRQV
$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
8SGDWH 0LVH MRXU $SSX\H] VXU OD WRXFKH 0(18 HW VXU OD
WRXFKH MDXQH SRXU YLVXDOLVHU OD PLVH MRXU G
LQIRUPDWLRQV VXU
FHUWDLQHV SDJHV /RUVTX
XQH PLVH MRXU HVW FDSW H OH QXP UR GH
SDJH HVW DIILFK HQ KDXW GH O
FUDQ JDXFKH
$SSX\H] VXU OD WRXFKH MDXQH SRXU YLVXDOLVHU OD SDJH
$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
)21&7,21 7þ/þ7(;7(
$FFýV DX[ VRXVSDJHV FRG HV
0(18
,1'(;
/RUVTXH OHV LQIRUPDWLRQV 7 O WH[WH RFFXSHQW SOXV G
XQH SDJH OH
V\VWýPH GH FKDQJHPHQW DXWRPDWLTXH GHV VRXVSDJHV SRXUUD PHWWUH XQ
FHUWDLQ WHPSV DYDQW G
DWWHLQGUH OD VRXVSDJH YRXOXH ,O HVW SRVVLEOH
G
HQWUHU OH QXP UR GH VRXVSDJH VRXKDLW HW GH FRQWLQXHU VXLYUH OH
SURJUDPPH QRUPDO MXVTX
FH TXH OD VRXVSDJH FRUUHFWH DLW W WURXY H
6 OHFWLRQQH] OH QXP UR GH SDJH YRXOX O
DLGH GHV WRXFKHV $SSX\H] VXU OD WRXFKH 0(18 SXLV VXU OD WRXFKH EOHX V
DIILFKHUD
HQ KDXW GURLWH GH O
FUDQ
(QWUH] OH QXP UR GH VRXVSDJH G VLU DYDQW TXH OH QH GLVSDUDLVVH
3RXU V OHFWLRQQHU OD SDJH HQWUH] HW $SSX\H] VXU OD WRXFKH MDXQH SRXU UHJDUGHU XQH PLVVLRQ GH W O YLVLRQ
QRUPDOH
$SSX\H] VXU 0(18 HW VXU OD WRXFKH MDXQH HQ PRGH /,67
/RUVTXH OD SDJH HVW GLVSRQLEOH DSSX\H] VXU OD WRXFKH MDXQH SRXU YRLU OD
SDJH
3RXU HIIDFHU OD SDJH XWLOLVH] O
XQ GHV PR\HQV VXLYDQWV - $SSX\H] VXU 0(18
- 6 OHFWLRQQH] XQ QRXYHDX QXP UR GH SDJH
- $SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
,QGH[
$SSX\H] VXU ,1'(; SRXU UHYHQLU VXU OD SDJH G
LQGH[ SULQFLSDO
6HORQ OD ID˜RQ GRQW OHV LQIRUPDWLRQV VRQW WUDQVPLVHV YRXV GHYUH]
SHXWûWUH SUHVVHU SOXV G
XQH IRLV FHWWH WRXFKH SRXU UHYHQLU O
LQGH[
SULQFLSDO
&211(;,216 $8',2 9,'þ2
6 OHFWLRQ HW FRQILJXUDWLRQ $9
9RXV SRXYH] FRQQHFWHU GLYHUV TXLSHPHQWV FH W O YLVHXU /HV SDJHV VXLYDQWHV H[SOLTXHQW
FRPPHQW FRQQHFWHU GHV TXLSHPHQWV H[WHUQHV O
DUULýUH GX W O YLVHXU
/RUVTXH YRWUH TXLSHPHQW HVW FRQQHFW XWLOLVH] OD SURF GXUH FLGHVVRXV SRXU DIILFKHU OHV LPDJHV
YHQDQW GH FHW TXLSHPHQW $SSX\H] VXU OH ERXWRQ 79$9
$SSX\H] VXU OD WRXFKH GH V OHFWLRQ DSSURSUL H O
FUDQ SRXU V OHFWLRQQHU OD VRXUFH $9 79$9
TXH YRXV G VLUH] DIILFKHU DSSX\H] VXU OH ERXWRQ YHUW SDU H[HPSOH SRXU V OHFWLRQQHU $9
VL YRXV DYH] FRQQHFW XQ PDJQ WRVFRSH OD ILFKH $9 3HULW O
/HV WRXFKHV GH V OHFWLRQ DSSDUDLVVHQW O
FUDQ DSUýV TXHOTXHV VHFRQGHV 6L YRXV
G VLUH] V OHFWLRQQHU XQH HQWU H ORUVTXH OHV WRXFKHV QH VRQW SDV DIILFK HV DSSX\H] VXU
GHV WRXFKHV PXOWLFRORUHV XQH IRLV GH SOXV HW OHV WRXFKHV U DSSDUDñWURQW
1RWHV
- &H W O YLVHXU YRXV SHUPHW OH EUDQFKHPHQW DXWRPDWLTXH HQ PRGH k$9l VL O
TXLSHPHQW FRQQHFW
PHW OH VLJQDO GH EUDQFKHPHQW VXU OD SULVH 6&$57 HQ FDV GH VRQ DFWLYDWLRQ /H VLJQDO GH
O
TXLSHPHQW DXGLRYLVXHO FRQQHFW HW k(&l V
DIILFKHQW VXU OH FÎW JDXFKH GH O
FUDQ (Q FDV GX
FKDQJHPHQW GH OD V OHFWLRQ GX SURJUDPPH GX W O YLVHXU O
LPDJH QH FKDQJH SDV
- 5HYHQLU HQ PRGH k79l HQ DSSX\DQW VXU OD WRXFKH k79$9l RX SDU OjDUUûW GH O
TXLSHPHQW $9
FRQQHFW - 9RXV SRXYH] JDOHPHQW V OHFWLRQQHU XQH VRXUFH $9 DYHF OH ERXWRQ 79$9 TXL VH WURXYH VXU OH
WDEOHDX GH FRPPDQGH O
DYDQW GH YRWUH W O YLVHXU
$SSX\H] VXU OH ERXWRQ 79$9 SOXVLHXUV IRLV MXVTX
FH TXH YRXV DUULYLH] OD VRXUFH $9 TXH YRXV
G VLUH] DIILFKHU
- (Q PRGH $9 OH QRPEUH G
RSWLRQV GHV PHQXV 621 HW &21),*85$7,21 HVW U GXLW SDU H[HPSOH
DX PHQX &RQILJXUDWLRQ LO Q
\ D SDV GH PHQX &RQILJXUDWLRQ
&RQQHFWLRQ G
XQ FDVTXH
6RUWLH SULVH FDVTXH
)LFKH MDFN
VW U R PP
&$648( 67þ5þ2 DYHF ILFKH MDFN PP
1RWHV
- /HV TXLSHPHQWV DX[LOLDLUHV HW OHV F EOHV UHSU VHQW V QH VRQW SDV IRXUQLV DYHF OH W O YLVHXU
&211(;,216 $8',2 9,'þ2
3ULVHV DUULýUH
5 / 9
69
(QWU H
(QWU H
DXGLR
(QWU H
YLG R
SULVHV / 5
YLG R
SULVH
JDXFKH SULVH 9
69LG R
GURLWH
& EOH
F EOHV
DXGLR 5&$
YLG R 5&$
& EOH 3(5,7(/
0$*1þ726&23(
&203$7,%/(
/,$,621 4/,1.
'þ&2'(85
/(&7(85 '9'
&$0(6&23(
&2162/( '(
-(825',1$7(85
59%
(QWU HVRUWLH
GH OD SULVH
3(5,7(/
$9 GH OD & EOH 3(5,7(/
OLDLVRQ 4/LQN
0$*1þ726&23(
0$*1þ726&23(
69,'þ2
0$*1þ726&23(
&203$7,%/( /,$,621
4/,1.
&$0(6&23(
(QWU HVRUWLH
GH OD SULVH
3(5,7(/
$9 GH OD
OLDLVRQ 4/LQN
'þ&2'(85
'9' 5
&$0(6&23(
69,'(2
1RWHV
- /
TXLSHPHQW DX[LOLDLUH HW OHV F EOHV UHSU VHQW V QH VRQW SDV IRXUQLV DYHF FH W O YLVHXU
- 1H EUDQFKH] SDV G
RUGLQDWHXU PXQL G
XQH VRUWLH 77/ 9 VXU FH W O YLVHXU
- 3RXU OHV LQIRUPDWLRQV VXU OH F EODJH GH OD SULVH 69LG R YRLU HQ SDJH &211(;,216 $8',2 9,'þ2
%URFKDJH GHV SULVHV 3(5,7(/ HW 69LGHR
3ULVH 3(5,7(/ EURFKHV $9
&RQQHFWHXU GH PDVVH
6RUWLH &9%6 YLG R
0DVVH &9%6
(QWU H URXJH
0DVVH URXJH
(QWU H YHUWH
0DVVH YHUWH
(QWU H EOHXH
0DVVH EOHXH
6RUWLH DXGLR *
6RUWLH DXGLR '
(QWU H &9%6 YLG R
0DVVH WDW 59%
(WDW 59%
0DVVH
/LDLVRQ 4/LQN
(WDW &9%6 YLG R
(QWU H DXGLR *
0DVVH DXGLR
(QWU H DXGLR '
/HV HQWU HV DG TXDWHV SRXU $9 LQFOXHQW 59% URXJHYHUWEOHX
3ULVH 3(5,7(/ EURFKHV $9
&RQQHFWHXU GH PDVVH
6RUWLH &9%6 YLG R
0DVVH &9%6
(QWU H 6&
0DVVH
0DVVH
6RUWLH DXGLR *
6RUWLH DXGLR '
(QWU H &9%6 YLG R
0DVVH
/LDLVRQ 4/LQN
(WDW YLG R &9%6
(QWU H DXGLR *
0DVVH DXGLR
(QWU H DXGLR '
/HV EURFKHV $9 HW G SHQGHQW GH OD FRPPXWDWLRQ 69+6 9,'þ2 $9
3ULVH EURFKHV 69LGHR
(QWU H FKURPLQDQFH
(QWU H OXPLQDQFH
0DVVH FKURPLQDQFH
0DVVH OXPLQDQFH
,1)250$7,216 *(1(5$/(6
' SDQQDJH
$YDQW GH IDLUH DSSHO DX U SDUDWHXU G WHUPLQH] OHV V\PSWÎPHV GH OD SDQQH O
DLGH GX JXLGH GH
GLDJQRVWLF GH OD SDJH SU F GHQWH 3RXU WRXW G SDQQDJH DGUHVVH]YRXV YRWUH UHYHQGHXU
3DQDVRQLF HQ LQGLTXDQW OH QXP UR GX PRGýOH HW OH QXP UR GH V ULH ILJXUDQW O
DUULýUH GX W O YLVHXU
',$*1267,& '(6 3$11(6
,PDJH
6\PSWÎPHV
,PDJH QHLJHXVH
6RQ
6RQ GLVFRUGDQW
,PDJH G PXOWLSOL H
6RQ QRUPDO
3DUDVLWHV
6RQ GLVFRUGDQW
9 ULILHU
/D SRVLWLRQ O
RULHQWDWLRQ RX OH UDFFRUGHPHQW
GH O
DQWHQQH
/D SRVLWLRQ O
RULHQWDWLRQ RX OH UDFFRUGHPHQW
GH O
DQWHQQH
/D SUR[LPLW G
DSSDUHLOV OHFWURP QDJHUV GH
YRLWXUHVPRWRF\FOHWWHV G
FODLUDJHV
IOXRUHVFHQWV
6 OHFWLRQQH] OD IRQFWLRQ 315 GDQV OH PHQX
,PDJH SRXU U GXLUH OD GLVWRUVLRQ GH O
LPDJH
/H U JODJH GH YROXPH
,PDJH QRUPDOH
3DV GH VRQ
3DV G
LPDJH
3DV GH VRQ
6L OD FRXSXUH GH VRQ HVW DFWLY H
6L OH W O YLVHXU HVW HQ PRGH $9
6L OD SULVH VHFWHXU HVW ELHQ EUDQFK H
6L OH W O YLVHXU HVW DOOXP
6L OHV QLYHDX[ GH VRQ HW G
LPDJH VRQW U JO V DX
PLQLPXP
6L OH W O YLVHXU HVW O
WDW GH YHLOOH
6L OH U JODJH GHV FRXOHXUV HVW DX PLQLPXP
3DV GH FRXOHXU
6RQ QRUPDO
5 DFFRUGHU OHV FDQDO FDQDX[
0DXYDLVH LPDJH
RX GLVWRUVLRQ
6RQ IDLEOH RX SDV GH VRQ
3HWLWHV W FKHV
URXJHV YHUWHV RX
MDXQHV VXU O
FUDQ
6RQ QRUPDO
,PDJH QRUPDOH
6RQ IDLEOH RX GLVFRUGDQW
&
HVW XQH FDUDFW ULVWLTXH GHV FUDQV FULVWDX[
OLTXLGHV FH Q
HVW SDV XQ G\VIRQLFWLRQQHPHQW /H
SDQQHDX FULVWDX[ OLTXLGHV HVW IDEULTX HQ IDLV
DQW DSSHO XQH WHFKQRORJLH GH KDXW SU FLVLRQ
FH TXL YRXV SHUPHW GH E Q ILFLHU G
XQH LPDJH GH
ERQQH G ILQLWLRQ ,O SHXW DUULYHU TXH TXHOTXHV SL[
HOV QRQ DFWLIV DSSDUDLVVHQW O
FUDQ VRXV IRUPH
GH SRLQW EOHX YHUW RX URXJH 1RWH] TXH FHOD Q
DI
IHFWH SDV OHV SHIRUPDQFHV GH YRWUH W O YLVHXU
/D U FHSWLRQ GX VRQ SHXW V
ûWUH G JUDG H
0HWWUH OH U JODJH 03; PHQX 6RQ VXU 0RQR
MXVTX
FH TXH OD U FHSWLRQ V
DP OLRUH
&$5$&7þ5,67,48(6
$OLPHQWDWLRQ
OHFWULTXH
&RQVRPPDWLRQ
&RQVRPPDWLRQ
HQ DWWHQW
&ULVWDX[ OLTXLGHV
7DLOOH GH O
FUDQ
'LDJRQDOH YLVLEOH
6RUWLH DXGLR
PXVLTXH
+
'LPHQVLRQV
$YHF OD EDVH /3
+
'LPHQVLRQV
7 O YLVHXU VHXO /3
3RLGV
6\VWýPHV GH
U FHSWLRQQRP
GH EDQGH
3RVLWLRQV GH
SURJUDPPH
1RPEUH GH SDJH
GX W O WH[WH
$QWHQQH DUULýUH
&RQGLWLRQV GH
IRQFWLRQQHPHQW
&DVTXH DYDQW
$9 DUULýUH
7;/;)
9 $& +]
:
:
*UDQG FUDQ ;*$ [ l PP
[ : 506 LPS GDQFH :
PP
PP
PP
PP
PP
PP
NJ
3$/ %* 3$/ , 6(&$0 %* 6(&$0 //
9+) ( (
9+) + + ,7$/,(
9+) $ + ,7$/,(
8+) ( (
&$79 6 6
&$79 6 6 0 0
&$79 6 6 8 8
&$79 6 6 +\SHUEDQG
3$/ '.
'. 6(&$0 '.
9+) 5 5
9+) 5 5
9+) 5 5
8+) ( (
3$/ /HFWXUH GHV FDVVHWWHV 176& SDUWLU GH PDJQ WRVFRSHV 3$/
0176& HQWU H $9 XQLTXHPHQW /HFWXUH GH PDJQ WRVFRSHV 0+]
176& HQWU H $9 XQLTXHPHQW /HFWXUH GH PDJQ WRVFRSHV 176&
9&5
8+) 9+)
7HPS UDWXUH •& •&
+XPLGLW VDQV FRQGHQVDWLRQ
PP LPS GDQFH :
$9 SULVH EURFKHV HQWU HVRUWLH DXGLRYLG R HQWU H 59% OLDLVRQ
4/LQN
$9 SULVH EURFKHV HQWU HVRUWLH DXGLRYLG R HQWU H 69LG R OLDLVRQ
4/LQN
$9 HQWU H 69LG R [ HQWU HV DXGLR 5&$ [ HQWU H YLG R 5&$
&HV FDUDFW ULVWLTXHV SHXYHQW ûWUH PRGLIL HV VDQV SU DYLV /HV GLPHQVLRQV HW SRLGV LQGLTX V VRQW
DSSUR[LPDWLIV
,QIRUPDWLRQV UHODWLYHV O
YDFXDWLRQ GHV G FKHWV GHVWLQ HV DX[ XWLOLVDWHXUV
G
DSSDUHLOV OHFWULTXHV HW OHFWURQLTXHV DSSDUHLOV P QDJHUV GRPHVWLTXHV
/RUVTXH FH V\PEROH ILJXUH VXU OHV SURGXLWV HWRX OHV GRFXPHQWV TXL OHV
DFFRPSDJQHQW FHOD VLJQLILH TXH OHV DSSDUHLOV OHFWULTXHV HW OHFWURQLTXHV
QH GRLYHQW SDV ûWUH MHW V DYHF OHV RUGXUHV P QDJýUHV
3RXU TXH FHV SURGXLWV VXELVVHQW XQ WUDLWHPHQW XQH U FXS UDWLRQ HW XQ
UHF\FODJH DSSURSUL V HQYR\H]OHV GDQV OHV SRLQWV GH FROOHFWH G VLJQ V
RÖ LOV SHXYHQW ûWUH G SRV V JUDWXLWHPHQW 'DQV FHUWDLQV SD\V LO HVW SRVVLEOH
GH UHQYR\HU OHV SURGXLWV DX UHYHQGHXU ORFDO HQ FDV G
DFKDW G
XQ SURGXLW
TXLYDOHQW
(Q OLPLQDQW FRUUHFWHPHQW FH SURGXLW YRXV FRQWULEXHUH] OD FRQVHUYDWLRQ GHV UHVVRXUFHV YLWDOHV
HW OD SU YHQWLRQ GHV YHQWXHOV HIIHWV Q JDWLIV VXU O
HQYLURQQHPHQW HW OD VDQW KXPDLQH TXL
SRXUUDLHQW VXUYHQLU GDQV OH FDV FRQWUDLUH
$ILQ GH FRQQDñWUH OH SRLQW GH FROOHFWH OH SOXV SURFKH YHXLOOH] FRQWDFWHU YRV DXWRULW V ORFDOHV
'HV VDQFWLRQV SHXYHQW ûWUH DSSOLTX HV HQ FDV G
OLPLQDWLRQ LQFRUUHFWH GH FHV G FKHWV
FRQIRUP PHQW OD O JLVODWLRQ QDWLRQDOH
8WLOLVDWHXUV SURIHVVLRQQHOV GH O
8QLRQ HXURS HQQH
3RXU HQ VDYRLU SOXV VXU O
OLPLQDWLRQ GHV DSSDUHLOV OHFWULTXHV HW OHFWURQLTXHV FRQWDFWH] YRWUH
UHYHQGHXU RX IRXUQLVVHXU
,QIRUPDWLRQV VXU O
YDFXDWLRQ GHV G FKHWV GDQV OHV SD\V QH IDLVDQW SDV SDUWLH
GH O
8QLRQ HXURS HQQH
&H V\PEROH Q
HVW UHFRQQX TXH GDQV O
8QLRQ HXURS HQQH
3RXU YRXV G EDUUDVVHU GH FH SURGXLW YHXLOOH] FRQWDFWHU OHV DXWRULW V ORFDOHV RX YRWUH UHYHQGHXU
DILQ GH FRQQDñWUH OD SURF GXUH G
OLPLQDWLRQ VXLYUH
&6