3(5)250$1&(6XLW
H
&DXVHV3RVVLEOHV
4XHIDLUH
%RXORFKDJH
8VXUHQRUPDOHGHVWLVVXVHQFRW
RQHW
SRO\HVWHUHWGHVWLVVXVGXYHW
HX[
0rPHVLFHSU
REOqPHQ·HVWSDVSURYRTXpSDUODODYHXVHYRXV
SRXYH]O·DWWpQXHUHQODY
DQWOHVYrWHPHQWVjO·HQYHUV
)LOVWLUpVWU
RXVDFFURFVGpFKLUXU
HV
RXXVXUHH[FHVVLYH
(SLQJOHVERXWRQVSU
HVVLRQFURFKHWV
ERXWRQVDFpU
pVERXFOHVGHFHLQWXUH
IHUPHWXUHVHFODLU
HWREMHWVSRLQWXV
ODLVVpVGDQVOHVSRFKHV
)HUPH]OHVERXWRQVSU
HVVLRQHWOHVIHUPHWXUHVpFODLUHW
(QOHYH]OHVDU
WLFOHVOkFKHVWHOVTXHOHVpSLQJOHVOHVREMHWV
5HWRXUQH]OHVYrWHPHQWVHQPDLOOHFHX[GRQWOHVILOVVHWLU
HQW
IDFLOHPHQW
-DYHOOLVDQWjEDVHGHFKORUHQRQGLOXp
9
pULILH]ODTXDQWLWpjXWLOLVHUVXUO·HPEDOODJH
1·
DMRXWH]MDPDLVGHMDYHOOLVDQWQRQGLOXpGDQVODODYHXVHRX
VXUOHVYrWHPHQWV
3URGXLWVFKLPLTXHVW
HOVTXHGpFRORUDQWV
FDSLOODLUHVW
HLQWXUHVRXVROXWLRQVSRXU
SHUPDQHQWH
5LQFH]OHVDU
WLFOHVVRXLOOpVSDUFHVSURGXLWVDY
DQWGHOHVODYHU
)DX[SOLV
7ULLQFRUU
HFW
(YLWH]GHPpODQJHUGHVDU
WLFOHVORXUGVYrWHPHQWVGHWUDY
DLO
SDUH[HPSOHDYHFGHVDUWLFOHVOpJHUVFKHPLVLHUVSDU
H[HPSOH
(VVD\H]G·XWLOLVHUXQDVVRXSOLVVDQW
6X
UFKDU
JH
3ODFH]OHVYrWHPHQWVGDQVOHSDQLHUGHODODYHXVHVDQVOHV
FRPSULPHU
3URJUDPPHVGHODYDJHHWGHVpFKDJH
LQFRUUHFWV
&KRLVLVVH]OHSU
RJUDPPHFRUUHVSRQGDQWDXW\SHGHWLVVXTXH
YRXVODYH]VXUWRXWHQFDVGHEUDVVpHHQWU
HWLHQIDFLOH
/DYDJHVUpSpW
pVGDQVXQHHDXWURS
FKDXGH
/DYH]OHOLQJHGDQVXQHHDXWLqGHRXIU
RLGH
%58,76
&DXVHV3RVVLEOHV
4XHIDLU
H
©&OLTXHWLVPpWDOOLTXHVª
/·HPEUD\DJHV
·HQJDJHRXVHGpVHQJDJH
/HV\VW
qPHG·HQWUDvQHPHQWYDV·HQJDJHUDXGpEXWGX
SURJUDPPHHWVHGpVHQJDJHUjODILQGXSU
RJUDPPH&HODVH
SURGXLWjPXOWLSOHVU
HSULVHVORUVGXODYDJH
'HVVLIIOHPHQWVRXGHSHWLWVFOLTXHWLV
UpFXUU
HQWVSHQGDQWO·DJLWDWLRQ
/HPRWHXUpOHFWULTXHFKDQJHGHGLU
HFWLRQ
&HWWHPDFKLQHHVWpTXLSpHG·XQV\VW
qPHG·HQWUDvQHPHQWTXL
Q·DSDVGHPpFDQLVPHGHWUDQVPLVVLRQ
&HEUXLWSU
RYLHQWGXPRWHXUTXLWRXUQHHQDYDQWHWHQDUULqU
H
SRXUDJLWHUOHOLQJH
'HSHWLWVEUXLWVG·G·DJLWDWLRQjODILQ
GHFKDTXHDJLWDWLRQ
5HGLVWULEXWLRQGXOLQJH
$ODILQGHO·
DJLWDWLRQOHPRWHXUHIIHFWXHGHSOXVFRXUWHV
DJLWDWLRQVSRXUUHGLVWULEXHUOHOLQJH
8Q©FOLFªORUVTXHOHUHPSOLVVDJH
V·DUU
rWH
5HODLV
/HU
HODLVpPHWXQGpFOLFORUVTX·DFWLYp/HGpWHFWHXUGHQLYHD
X
G·HDXDFWLYHOHUHODLVORUVTXHOHQLYHDXG·HDXGpVLU
pHVWDWWHLQW
©&OLTXHWLVªGHUULqUHOHSDQQHDXGH
FRPPDQGHSHQGDQWOHUHPSOLVVDJH
6RXSDSHGHFRQWU{OHDXW
RPDWLTXHGHOD
WHPSpUDWXU
H
&HWWHVRXSDSHPpODQJHO·HDXIU
RLGHHWFKDXGH/H©FOLTXHWLV
ªSURYLHQWGHODVRXSDSHTXLV·RXYU
HHWTXLVHIHUPH
0RGLILFDWLRQGXYROXPHG·HDX
SHQGDQWOHUHPSOLVVDJH
6RXSDSHGHFRQWU{OHDXW
RPDWLTXHGHOD
WHPSpUDWXU
H
&HWWHVRXSDSHPpODQJHO·HDXIU
RLGHHWFKDXGH/HEUXLW
FKDQJHORUVTXHODVRXSDSHV·RXYUHRXVHIHUPH
/HPRWHXU©FRXLQHªRXHVW©HQ
URXHOLEU
HªSHQGDQWO·HVVRUDJH
/HPRWHXUDFFpOqU
HRXUDOHQWLWSHQGDQW
O·HVVRUDJH
/HPRWHXUDFFpOqU
HSDUSDOLHUSHQGDQWO·HVVRUDJH$ODILQGH
O·HVVRUDJHLOUDOHQWLWMXVTX·jO·DUU
rWFRPSOHW
´%RXUGRQQHPHQWµ
3RPSHGHYLGDQJHGHO·HDX
/DSRPSHGHYLGDQJHpPHWXQERXU
GRQQHPHQWHQSRPSDQW
O·HDXjODILQGHO·DJLWDWLRQHWFRQWLQXHMXVTX·jODILQGH
O·HVVRUDJH
´*DUJRXLOOLV
µ
3RPSHGHYLGDQJHGHO·HDX
/RUVTXHODSRPSHFRPPHQFHjDVSLU
HUGHO·DLU
HOOHVHPHWj
JDUJRXLOOHU
/DODYHXVHGRLWDORUVFRPPHQFHUjHVVRUHUHWOH
EUXLWYDVHSRXUVXLYU
HMXVTX·jODILQGHO·HVVRUDJH
/DODYHXVHHVWEUX\DQWH
/DODYHXVHQ·HVWSDVGHQLYHDX
3
RXUPHWWUHO·
DYDQWGHODODYHXVHGHQLYHDXDMXVWH]OHVSLHG
V
GHPLVHjQLYHDXHQIDLVDQWWRXUQHUFKDTXHSLHGSRXUOHV
IDLUHPRQWHURXGHVFHQGU
H3RXUPHWWU
HGHQLYHDXO·DUULqU
HGH
ODODYHXVHVRXOHYH]O·DUULqU
HGHODPDFKLQHGHFPSRHW
SRVH]OD
/DFDOHG·H[SpGLWLRQHVWWRXMRXUV
3
RXUUHWLU
HUODFDOHG·H[SpGLWLRQGHODODYHXVHWLUH]OD
ODQJXHWWHMDXQHHWODFDOHGXEDVLQIpULHXUGURLWGHODODYHXVH
&RQVLJQHV
G·XWLOLVDWLRQ
&RQVLJQHV
GH
VpFXULWp
$VVLVWDQFH
j
OD
FOLHQWqOH
&RQVHLOV
GH
GpSDQQDJH
$YDQWG·DSSHOHU
XQUpSDUDWHXU«
&RQVHLOVGH
GpSDQQDJH