sk
'RGDWRþQpGRSOQHQLHFKODGLYD
=EHUFKODGLYDRGþHUSDQLH
$NSULSUHPLHVWĖRYDQtLQWHULpURYHMDOHERH[WHULpURYHMMHGQRWN\SRWUHEXMHWH
RGþHUSDĢFKODGLYRY\NRQDMWHQDVOHGXM~FHSRVWXS\
1
9\SQLWHLVWLþ
2
3ULSRMWHQt]NRWODNRY~VWUDQXPHUDFLHKRSRWUXELDNVHUYLVQpPXSRUWX
X]DWYiUDFLHKRYHQWLOXQDVWUDQHSO\QX
3
=DWYRUWHX]DWYiUDFtYHQWLONYDSDOLQ\
4
=DSQLWHQDSiMDQLHLVWLþ
.RPXQLNiFLDPHG]LLQWHULpURYRXDH[WHULpURYRXMHGQRWNRXVDDNWLYXMHGR
PLQ~WRG]DSQXWLDQDSiMDQLD]DSQXWLDLVWLþD2SHUiFLXRGþHUSDQLD
]DþQLWH±PLQ~W\SR]DSQXWtQDSiMDQLD]DSQXWtLVWLþD
5
6SXVWLWHVN~ãREQ~SUHYiG]NXFKODGHQLD6:21=DSD6:
2))9\S.RPSUHVRUH[WHULpURYiMHGQRWNDDYHQWLOiWRU\H[WHULpURYp
DLQWHULpURYpMHGQRWN\]DþQ~IXQJRYDĢDVSXVWtVDVN~ãREQiSUHYiG]ND
FKODGHQLD3RVSXVWHQtVN~ãREQHMSUHYiG]N\FKODGHQLDSULEOLåQHQDSlĢ
PLQ~WSUHSQLWHYRQNDMãtVHUYLVQêVStQDþ6:VStQDþRGþHUSDQLD]
SRORK\2))9\SGRSRORK\21=DS
*
1HSRNUDþXMWHYGOKãHMSUHYiG]NHVRVStQDþRP6:YSRORKH21=DS
3RXNRQþHQtRGþHUSDQLDVNRQWUROXMWHþLMHYSRORKH2))9\S
*
6StQDþ6:QDVWDYWHGRSRORK\21=DSOHQNHćMHMHGQRWND
]DVWDYHQi$MNHćMHMHGQRWND]DVWDYHQiDOHSUHStQDþ6:SUHSQHWHGR
SRORK\21=DSGRPLQ~WRG]DVWDYHQLDNRPSUHVRUDRSHUiFLX]EHUX
FKODGLYDQLHMHPRåQpY\NRQDĢ
3RY\SQXWtNRPSUHVRUDSRþNDMWHPLQ~W\DSRWRP]QRYDSUHSQLWHSUHStQDþ
6:GRSRORK\21=DS
6
ÒSOQH]DWYRUWHX]DWYiUDFtYHQWLOSO\QXNHćKRGQRWDWODNXQDPHUDGOHNOHVQH
QD±03DSULEOLåQH±NJIFP
2
7
=DVWDYWHSUHYiG]NXNOLPDWL]iFLH6:2))9\S1DVWDYWHYRQNDMãt
VHUYLVQêVStQDþ6:]SRORK\21=DSGRSRORK\2))9\S
8
9\SQLWHQDSiMDQLHLVWLþ
$NVDGRV\VWpPXNOLPDWL]iFLHSULGDORSUtOLãYHĐDFKODGLYDWODNQHPXVt
NOHVQ~ĢQD03DNJIFP
2
9WDNRPSUtSDGHSRPRFRX]DULDGHQLD
QDRGEHUFKODGLYDRGREHUWHYãHWNRFKODGLYR]RV\VWpPXDSRSUHPLHVWQHQt
LQWHULpURYHMDH[WHULpURYHMMHGQRWN\]QRYDQDSOĖWHV\VWpPVSUiYQ\P
PQRåVWYRPFKODGLYD
9êVWUDKD
3ULSXPSRYDQtFKODGLYDSUHGUR]SRMHQtPFKODGLYRYpKRSRWUXELD]DVWDYWH
NRPSUHVRU$NVDGRV\VWpPXGRVWDQ~DNpNRĐYHNFXG]RURGpOiWN\QDSUt
NODGY]GXFKP{åHG{MVĢNUR]WUKQXWLXNRPSUHVRUD
9êSRþHWGRGDWRþQpKRGRSOQHQLDFKODGLYD
'RGDWRþQpGRSOQHQLHFKODGLYD
&KODGLYRSUHSUHGĎåHQpSRWUXELHQLHMHV~þDVĢRXH[WHULpURYHMMHGQRWN\NHćMH
MHGQRWNDGRUXþHQi]YêURE\3UHWRQDSOĖWHNDåGpFKODGLDFHSRWUXELHQDPLHVWH
LQãWDOiFLHćDOãtPFKODGLYRP2NUHPWRKRMHSRWUHEQpQD~þHO\Y\NRQDQLD
VHUYLVX]DGDĢYHĐNRVĢDGĎåNXNDåGpKRNYDSDOLQRYpKRSRWUXELDDGRGDWRþQêFK
PQRåVWLHYQDSOQHQpKRFKODGLYDGRSROtþRNQDãWtWNXÄ0QRåVWYRFKODGLYD³QD
H[WHULpURYHMMHGQRWNH
.HćERORGVDWêY]GXFK]SUHGĎåHQtSRWUXEtDLQWHULpURYHMMHGQRWN\SUL]DVWDYH
-
QHMMHGQRWNHGRSOĖWHGRMHGQRWN\SURVWUHGQtFWYRPX]DWYiUDFLHKRYHQWLOXNYDSD
-
OLQ\GRGDWRþQpFKODGLYR
.HćMHMHGQRWNDYSUHYiG]NHGRSOĖWHFKODGLYRGRSRLVWQpKRSO\QRYpKRYHQWLOX
SRPRFRXEH]SHþQRVWQpKRGRSĎĖDFLHKR]DULDGHQLD.YDSDOQpFKODGLYRQHGR
-
SĎĖDMWHSULDPRGRSRLVWQpKRYHQWLOX
9êSRþHWGRGDWRþQpKRGRSOQHQLDFKODGLYD
•
9\SRþtWDMWHGRGDWRþQpPQRåVWYRSOQHQLDSRPRFRXYHĐNRVWLDGĎåN\
NYDSDOLQRYpKRSRWUXELDDFHONRYHMNDSDFLW\SULSRMHQêFKLQWHULpURYêFK
MHGQRWLHN
•
9\SRþtWDMWHGRGDWRþQpPQRåVWYRGRSOQHQLDFKODGLYDSRPRFRXSRVWXSX
]Qi]RUQHQpKRYSUDYRDGRSOĖWHGRGDWRþQpFKODGLYR
•
3ULPQRåVWYiFKPHQãtFKDNRNJ]DRNU~KĐXMWHY\SRþtWDQpGRGDWRþQp
PQRåVWYRGRSOQHQLDFKODGLYDQDKRU
$NMHY\SRþtWDQpPQRåVWYRSOQHQLDNJ]DRNU~KOLWHQDNJ
0QRåVWYRGRGDWRþQpKRFKODGLYDNWRUpVDY\SRþtWD]FHONRYHMNDSDFLW\
LQWHULpURYêFKMHGQRWLHND]RVWDY\SUHGĎåHQpKRSRWUXELDQHVPLHSUHNURþLĢ
NJ
.DSDFLWDLQWHULpURYêFKMHGQRWLHNDSUHGĎåHQpKRSRWUXELDMHXYHGHQiY
QiYRGHQDZHERYHMVWUiQNH
,QIRUPiFLHRSURGXNWH
•
9WRPWR]DULDGHQtVDSRXåtYDFKODGLYRW\SX5$
•
3RWUXELHSUHV\VWpP\SRXåtYDM~FHFKODGLYR5$VDP{åHOtãLĢRGSRWUXELD
SUHV\VWpP\SRXåtYDM~FHNRQYHQþQpFKODGLYRSUHWRåHNRQãWUXNþQêWODN
YV\VWpPRFKSRXåtYDM~FLFKFKODGLYR5$MHY\ããt9LDFLQIRUPiFLtQiMGHWH
YNQLKHV~GDMPL
•
1LHNWRUpQiVWURMHD]DULDGHQLDSRXåtYDQpQDLQãWDOiFLXVRV\VWpPDPL
NWRUpSRXåtYDM~LQpW\S\FKODGLYDVDQHP{åXSRXåtYDĢVRV\VWpPDPL
SRXåtYDM~FLPLFKODGLYR5$9LDFLQIRUPiFLtQiMGHWHYNQLKHV~GDMPL
8SR]RUQHQLH
•
&KODGLYR5$QHY\S~ãĢDMWHGRDWPRVIpU\
'RGDWRþQiQiSOĖ!
9êSRþHWQiSOQHFKODGLYD
9HĐNRVĢ
SRWUXELD
.YDSDOLQRYp
SRWUXELH
+
9HĐNRVĢ
SRWUXELD
.YDSDOLQRYp
SRWUXELH
+
9HĐNRVĢ
SRWUXELD
.YDSDOLQRYp
SRWUXELH
+
&HONRYiNDSDFLWD
SULSRMHQêFKLQWHULp
-
URYêFKMHGQRWLHN
0QRåVWYR
SUHLQWHULpUR
-
YpMHGQRWN\
¡
ø9,52
ø12,7
±N:
NJ
PîJP
PîJP
PîJP
N:±N:
NJ
N:±N:
NJ
N:±N:
NJ
N:±N:
NJ
N:±N:
NJ
N:±N:
NJ
N:±
NJ
=DKUQXWpPQRåVWYRFKODGLYDSULGRGDQt]YêURE\
1i]RYPRGHOX
=DKUQXWpPQRåVWYRFKODGLYD
PUMY-P250YBM
NJ
PUMY-P300YBM
3UtNODG!
([WHULpURYêPRGHO380<3<%0 $¡P
,QWHULpURYi 3N:
D¡P
3N:
E¡P
3N:
F¡P
3N:
G¡P
3N:
H¡P
&HONRYiGĎåNDNDåGpKRNYDSDOLQRYpKRSRWUXELDMHQDVOHGRYQi
¡$DEFG P
¡H P
&HONRYiNDSDFLWDSULSRMHQHMLQWHULpURYHMMHGQRWN\MHQDVOHGRYQi
N:
3UtNODGYêSRþWX!
'RGDWRþQpGRSOQHQLHFKODGLYD
î
50,0
î
19,0
NJ]DRNU~KOHQpQDKRU
1000
1000
3ULSRGPLHQ
-
NDFKQLåãLH