Catálogo Ésika Colombia C12

&2/20%,$ &

ZZZ HVLND EL]

NKI=O EJKHRE@=>HAO

?KIK Pé

1J =NKI= @QN=@ANK @AF= QJ N=OPNK EJKHRE@=>HA (=O BN=C=J?E=O @A ^OEG= LANI=JA?AJ AJ PQ LEAH @AF=J@K QJ N=OPNK ENNAOEOPE>HA MQA ÛH LK@Nb OACQEN P=J OKHK LKN OQ =NKI=

Oß OKJ H=O BN=C=J?E=O @A ^OEG= =NKI=O EJKHRE@=>HAO

(6(1&,$6 $520$6

.ARAH= AH NKFK MQA D=U AJ PE

'( '(6&8(172

%($87< 5(' (DX GH SDUIXP DWRPLVHXU PO IO R]

)ORUDO 6HQVXDO 8Q DURPD DEVROXWR GH URVDV \ MD]PtQ UHYHOD WRGD OD LQWHQVLGDG GH WX HVHQFLD GH PXMHU

&yG

9DORUL]DGR HQ

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ (1 78 3,(/

DURPDV /!*/1 (!/

AF= MQA Ã&#x203A;H OEC= PQ NEPIK '$1==Ã&#x20AC;$ (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

'XOFH 6HQVXDO 3URYRFDWLYR µ LUWHR GH RUTXtGHD FDOLSVR \ VRUEHWH GH SHUD

(6(1&,$6 $520$6

'( '(6&8(172

z/=>AO ?QbH AO IE OA?NAPK

6(&5(7 086.

(DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

(VSHFLDGD 6HQVXDO $SDVLRQDQWHV HVSHFLDV SHUIXPDQ WX SLHO SDUD JXLDU VXV EHVRV

z-QÛ =NKI= R= IAFKN ?KJPECK

,9$ &7 $

6(

$ & 16

17,

8$ ½ 0

/ 2

5

/ 5$ 2 )/

$/ 25 )/

( /& '8

( /& '8

$/ 87 )5

2 ,& 75 &À

'2 ,$ (& 3 (6 2 ,& 75 &À

$/ 87 )5

2 $' &, 3( (6

(/ (* $1 7(

AO?é>NAHK AJ AH >=JE?K @A NKI=O @A ^OEG=

)/25$/

'8/&(

)587$/

(63(&,$'2 &À75,&2

&À75,&2 (63(&,$'2 )587$/

'8/&(

)/25$/

«O=HK =Oß 1>E?= QJK @A HKO CNQLKO OACéJ PQ AOPEHK !HAC=JPA .KIbJPE?= /AJOQ=H K ?PER=

(QACK AHECA AH PELK @A =NKI= OACéJ H= B=IEHE= KHB=PER= "HKN=H QH?A "NQP=H !OLA?E=@K K ßPNE?K

!OP=O OAã=HAO PA =UQ@=NbJ = AJ?KJPN=N PQ =NKI= AJ AH ?=PbHKCK DURPDV !(!# *0!/

/­LPDJH /­LPDJH 'LDPRQGV 6SHFLDO ;LDQD

DURPDV .+)¡*0% +/

*UD]]LD 5RPDQ]L )LRUL 9DQLOOD 6FHQW $wQQDUD

DURPDV /!*/1 (!/

DURPDV 0%2+/

*UD]]LD ([RWLF *UD]]LD 3DUDGLVH 3DVVLRQ 0XVN 9HKHPHQFH SDUD HOOD 5RVH 5RVH 6H[\ *ROG %HDXW\ 5HG 'DQ]]tD 5HG ,QWHQVH ,QFLWDQW -DGLVV 6HFUHW 0XVN

([SUHVVLRQ eODQLH *\UD 0RPHQWRV 9LEUDQWHV )DQWDVtD $]XO ,Q´ QLWR ,W­V <RX ,W­V <RX /LYH

'( '(6&8(172

(6(1&,$6 $520$6

AF= MQA PQ LANBQIA HK ?KJMQEOPA

)ßN=HK QJ= RAV ?=QPßR=HK L=N= OEAILNA -$',66 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

(VSHFLDGR 6HQVXDO 6HFUHWDV HVSHFLDV \ µ RU GH QHUROL DWUDHQ OR TXH PiV GHVHDV

'( '(6&8(172

AO?Q>NA ?QbH ANAO Pé

*5$==,$ (;27,& (DX GH SDUIXP DWRPLVHXU PO IO R]

)ORUDO 5RPiQWLFD 'HOLFDGDV URVDV GH %XOJDULD UHYHODQ WX HVHQFLD IHPHQLQD

&yG

*5$==,$ 3$5$',6( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

*5$==,$ (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGDV HQ F X F X

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ '( *5$==,$ (1 78 3,(/

)ORUDO 6HQVXDO $WUDFWLYD \ QDWXUDO FRPR OD SDUDGLVtDFD µ RU GH 7LDUp

)ORUDO 6HQVXDO 0LVWHULR \ VHQVXDOLGDG HQ XQD IXVLyQ GH RUTXtGHDV \ H[yWLFDV IUXWDV

(6(1&,$6 $520$6

(= IQFAN AO ?KIK QJ= BHKN

DURPDV /!*/1 (!/

)ORUDO 6HQVXDO 6HQVXDOHV RUTXtGHDV EODQFDV \ µ RU GH QDUDQMR

6(;< *2/' (DX GH SDUIXP PO IO R] &yG

9DORUL]DGR HQ

)ORUDO 6HQVXDO &RTXHWDV QRWDV GH LULV \ RUTXtGHDV MXHJDQ FRQ XQ WRTXH GH PXVN

3$66,21 086.

(DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

(6(1&,$6 $520$6

/Q B=JP=Oß= ANAO Pé

/$ GD $ 62/2 'XOFH 6HQVXDO ,UUHVLVWLEOH PXVN \ WHQWDGRUDV IUDPEXHVDV

&yG &XDOTXLHU FRPELQDFLyQ HV SRVLEOH

5(' ,17(16( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

DURPDV !(!# *0!/

723

(6(1&,$6 $520$6

{-QÛ >EAJ PA R=J HKO @E=I=JPAOÎ

/$ &2035$

/ ,0$*( ',$021'6 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

)527$ $48À < 6,(17( (/ $520$ '( / ,0$*( ',$021'6

DURPDV !(!# *0!/

!HAC=JPA D=OP= AJ PQ LANBQIA / ,0$*( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

)ORUDO (OHJDQWH /XMRVR HQFXHQWUR GH \ODQJ \ODQJ \ MD]PLQHV

(6(1&,$6 $520$6

@KN=O MQA PA D=C= OAJPEN AOLA?E=H )ORUDO (OHJDQWH 8Q GHOLFLRVR ERXTXHW GH JDUGHQLDV VH FRPELQD FRQ ´ QDV PDGHUDV \ XQ IUHVFR WRTXH IUXWDO

$ 0,7$'

'( 35(&,2 63(&,$/ (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

DURPDV .+)ยก*0% +/

'XOFH 5RPiQWLFD /D IHOLFLGDG WLHQH DURPD D YDLQLOOD MD]PLQHV \ OLULRV

)ORUDO 5RPiQWLFD 9LROHWDV URVDV \ ViQGDOR FUHDQ HO PDUFR SHUIHFWR SDUD HO DPRU

9$1,//$ 6&(17 (DX GH SDUIXP DWRPLVHXU PO IO R]

520$1=, (DX GH SDUIXP DWRPLVHXU PO IO R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

(6(1&,$6 $520$6

$ 0,7$'

'( 35(&,2 )ORUDO 5RPiQWLFD $UPRQLRVR EXTXp GH µ RUHV TXH WH LQYLWD D VRxDU

),25, (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

ßIAHK ?KJ QJ= BHKN

DURPDV 0%2+/

)ORUDO $FWLYD ([SUHVD WXV VHQWLPLHQWRV FRQ µ RU GH QDUDQMR MD]PtQ \ PLPRVDV

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ '( (;35(66,21

78 2)(57$ (675(//$

(;35(66,21 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

äILHE?AO AJ PK@K D=OP= AJ AOA =NKI= MQA JKO AJ?=JP=

DURPDV 0%2+/

020(1726 9,%5$17(6 (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

)UXWDO $FWLYD 9LWDOLGDG \ DOHJUtD JUDFLDV D OD IUHVFD µ RU GH QDUDQMR

(= =HACNß= AOPb AJ PE !J PQ OKJNEO= AJ PQ KLPEIEOIK AJ PQ =NKI=

'( '(6&8(172

)$17$6Ã&#x20AC;$ $=8/ ,1),1,72 (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

)UXWDO $FWLYD 3ODFHQWHURV DFRUGHV GH PDQGDULQD OLPyQ \ FDVVLV

/EÃ&#x203A;JPAPA HE>NA PKP=HIAJPA HE>NA

(6(1&,$6 $520$6

DURPDV 0%2+/

/EILHAIAJPA Pé ,7 6 <28 /,9( )UDJDQFLD XQLVH[ (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

&tWULFD $FWLYD /D IUHVFXUD GH XQD QRFKH GH YHUDQR PDQGDULQDV LWDOLDQDV QRWDV PDULQDV \ KRMDV GH EDPE~

35202&,Ã&#x201E;1 ,W­V <RX H ,W­V <RX /LYH GHVGH

&tWULFR $FWLYR (VSRQWiQHDV QRWDV FtWULFDV GH OLPyQ \ WRURQMD HQ VX SXQWR PiV UHIUHVFDQWH

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ ,7­6 <28 (1 78 3,(/

,7 6 <28 )UDJDQFLD XQLVH[ (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

(DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN 6L GHVHDV FRPSUDU VROR OD IUDJDQFLD ,W­V <RX /LYH VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR 6L GHVHDV FRPSUDU VROR OD IUDJDQFLD ,W­V <RX GH PO VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR 6L GHVHDV FRPSUDU VROR OD IUDJDQFLD ,W­V <RX GH PO VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR

DURPDV 0%2+/

*<5$ &RORQLD FRQ DWRPL]DGRU PO IO R] &yG

9DORUL]DGR HQ

)UXWDO $FWLYD ,PSXOVD WX GtD FRQ FKLVSHDQWHV JRWDV GH PDQGDULQD \ µ RU GH ORWR

'( '(6&8(172

e/$1,( (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

)ORUDO $FWLYD $OHJUH IXVLyQ GH JDUGHQLDV \ DPRU SRU OD YLGD

0Q =NKI= AO OKHK QJ @AP=HHA IbO LKN AH MQA PA =@IEN=J P=JPK

(6(1&,$6 $520$6

0=J OQ=RA P=J LANBQI=@= P=J ATMQEOEP= 0Q LEAH AO KPN= ?Q=J@K H= ?QE@=O ?KJ H= @AHE?=@AV= @A QJ= HK?EäJ LANBQI=@=

6XDYL]DQ \ SHUIXPDQ WX SLHO

&yG

&yG

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

&yG

&yG

&yG

(6(1&,$6 $520$6

'( '(6&8(172

/RFLRQHV SHUIXPDGDV PO IO R] 9DORUL]DGDV HQ F X F X

&yG

&yG

&yG

&yG

&216,e17(7( &DOP &RORQLD PO IO R] &yG

-DEyQ OtTXLGR SDUD PDQRV PO IO R]

9DORUL]DGR HQ

9DORUL]DGR HQ

&RORQLD 'HOLFLRVR DURPD µ RUDO IUXWDO TXH WH UHFRQHFWD FRQ WX \R PiV SRVLWLYR

0äI=PA H= RE@= ?KJ ?=HI= EANN= HKO KFKO U OEAJPA AH @AHE?=@K =NKI= = REKHAP=O U NKO=O ?KJ AOKO PKMQAO BNQP=HAO P=J ATMQEOEPKO .AHbF=PA

@EOBNQP= AH IKIAJPK ?KJ H= HßJA= KJOEÛJPAPA =HI

&yG

-DEyQ HQ EDUUD XQLGDGHV GH J R] F X

&yG

9DORUL]DGR HQ

&yG

(6(1&,$6 $520$6

/RFLyQ FRUSRUDO PO IO R]

'( '(6&8(172

9DORUL]DGR HQ

/KJ &=>KJAO AJ >=NN= /RFLyQ FRUSRUDO (QYXHOYH WX SLHO HQ XQD GHOLFLRVD VXDYLGDG \ XQ UHODMDQWH DURPD

-DEyQ OtTXLGR SDUD PDQRV 'HMD WXV PDQRV OLPSLDV VXDYHV \ FRQ XQ H[TXLVLWR DURPD

!J QJ= HEJ@= LNAOAJP=?EäJ E@A=H L=N= NAC=H=N

-DEyQ HQ EDUUD 5HODMDQWH VHQVDFLyQ TXH OLPSLD \ KXPHFWD WX SLHO FRQ DFHLWHV GH SDOPD

&216,e17(7( (QHUJ\ &RORQLD PO IO R] &yG

9DORUL]DGR HQ

&UHPD SDUD PDQRV PO IO R] &yG

9DORUL]DGR HQ

-DEyQ OtTXLGR SDUD PDQRV PO IO R] &yG

9DORUL]DGR HQ

/RFLyQ FRUSRUDO PO IO R] &yG

9DORUL]DGR HQ

-DEyQ OtTXLGR SDUD HO FXHUSR PO IO R] &yG

9DORUL]DGR HQ

1DIII

AOPA @AHE?EKOK =NKI= IA NAREP=HEV= !O DKN= @A ?KJOAJPENIA U HHAJ=NIA @A AJANCß=

1J =NKI= @AHE?EKOK OKHK L=N= PE

.AREP=HEV=JPA =NKI= BNQP=H @A @QN=VJKO BNAO=O U BN=I>QAO=O

(6(1&,$6 $520$6

'( '(6&8(172

&UHPD SDUD PDQRV /DV GHMD VHGRVDV \ SURWHJLGDV GH OD UHVHTXHGDG

&RORQLD $QLPD WX GtD FRQ XQ UHYLWDOL]DQWH DURPD IUXWDO

-DEyQ OtTXLGR SDUD HO FXHUSR /LPSLD DFRQGLFLRQD \ SHUIXPD WRGD WX SLHO FRQ XQ DURPD GH GXUD]QRV IUHVDV \ IUDPEXHVDV

-DEyQ OtTXLGR SDUD PDQRV 'HMD WXV PDQRV OLPSLDV VXDYHV \ FRQ XQ H[TXLVLWR DURPD

/RFLyQ FRUSRUDO 6HQVDFLyQ GH VXDYLGDG HQ WRGR WX FXHUSR

EOBNQP= HKO @AHE?EKOKO =NKI=O @A H= J=PQN=HAV=

-DERQHV

;

&XDOTXLHU FRPELQDFLyQ HV SRVLEOH

&RQ WDSD µ LS WRS

&=>KJAO HßMQE@KO MQA HEILE=J U OQ=REV=J PQ LEAH ,ANBA?PKO L=N= AH >=ãK @E=NEK

)58,76 )/2:(56 -DEyQ OtTXLGR SDUD HO FXHUSR PO IO R] 7URSLFDO 0DUDFX\i &yG 0\VWLF &RFNWDLO &yG )UHHVLD %RXTXHW &yG 9DORUL]DGRV HQ F X

6L GHVHDV FRPSUDU VROR XQ MDEyQ StGHOR DVt 7URSLFDO 0DUDFX\i &yG R 0\VWLF &RFNWDLO &yG R )UHHVLD %RXTXHW &yG 3UHFLR F X

KHKJE=O ?KJ NEMQßOEIKO =NKI=O = BHKNAO U BNQP=O ,QA@AO QO=NH=O R=NE=O RA?AO =H @ß=

)UXWDO ([yWLFDV JRWDV GH O\FKHH \ JUDQDGD

&RORQLD PO IO R] 0\VWLF &RFNWDLO &yG 7URSLFDO 0DUDFX\i &yG )UHHVLD %RXTXHW &yG 9DORUL]DGDV HQ F X

(6(1&,$6 $520$6

&RORQLDV

;

&XDOTXLHU FRPELQDFLyQ HV SRVLEOH

)UXWDO 'LVIUXWD GHO UHYLWDOL]DQWH DURPD D PDUDFX\i HQ WX SLHO

6L GHVHDV FRPSUDU VROR XQD FRORQLD StGHOD DVt 0\VWLF &RFNWDLO &yG R 7URSLFDO 0DUDFX\i &yG R )UHHVLD %RXTXHW &yG 3UHFLR F X

)ORUDO 'HOLFDGR DURPD GH DPRURVDV IUHHVLDV HQ WX SLHO

/AJOQ=HAO BHKNAO AJ PK@= PQ LEAH !OPA äHAK ?KNLKN=H IA @AF= QJ= @AHE?EKO= OAJO=?EäJ @A DQIA?P=?EäJ

*5$7,6 Ã&#x201E;OHR FRUSRUDO 6HQVXDOO\ 5RVH PO µ R] SRU OD FRPSUD GH FXDOTXLHU yOHR R FRORQLD GH HVWD SiJLQD 9DORUL]DGR HQ

F X Ã&#x201E;OHRV FRUSRUDOHV

*K @AF= CN=OKO= H= LEAH

F X

'( '(6&8(172

(6(1&,$6 $520$6

&RORQLDV

&yG

#. * 0! /! 1 0+.

.+/ 1(61. &yG

". ) 1!/ ) *¤ &yG

SURPRFLyQ 3XOVHUDV SiJ

.+&+ !/!+ &yG

.+&+ %*0.%# *0! &yG

(63(&,$/ '( /$%,$/(6

LQN= $% . 0 %¨* DKN=O @A DQIA?P=?EäJ AJ PQO H=>EKO

$ 0,7$'

'( 35(&,2

!REP= MQA HKO H=>EKO OA NAOAMQAJ KJ REP=IEJ=O U IEJAN=HAO /DELDO KLGUDWDQWH H[WUHPR J R] 9DORUL]DGR HQ

)$&725 '( 3527(&&,Ã&#x201E;1 62/$5

+. ( $%

)36

&yG

+.#+_ /!45 .+/ .+)¡*0%

.+/ %2

&yG

&yG

.+/ !* *0+ &yG

&yG

"^ )+ .+/ !/,(!* +.

&yG

&yG

IbTEI= /1 2%

AHE?EKO= BäNIQH= MQA =?=NE?E= PQO H=>EKO .+/ + )¡#% +

KJ =?AEPAO J=PQN=HAO /A @AOHEV= LH=?AJPAN=IAJPA AHE?EKOK O=>KN U =NKI=

&yG

.+/ +-1!0 &yG

)+. + + /!/%¨* &yG

) ..¨* 0!*0 %¨* &yG

.+&+ 2%2 6 &yG

.+&+ ,.+2+ %¨* &yG

"1 /% /! 1 0+. &yG

/DELDO XOWUD VXDYL]DQWH J R] 9DORUL]DGR HQ

)$&725 '( 3527(&&,Ã&#x201E;1 62/$5

)36

SURPRFLyQ 3XOVHUDV SiJ

2%*+ /!*/1 (

.+/ %*0.%#

"1 /% " *0 /¤

) ..¨* +0+_+

) (2 %(1/%¨*

&yG

&yG

&yG

&yG

&yG

(63(&,$/ '( /$%,$/(6

BQHH +(+. (=>EKO RE>N=JPAO @AO@A H= LNEIAN= =LHE?=?EäJ

$ 0,7$'

'( 35(&,2

KHKNAO EJPAJOKO KJ ?AN=O J=PQN=HAO /Q=RA =LHE?=?EäJ

)$&725 '( 3527(&&,Ã&#x201E;1 62/$5

)36

* . *& 2%2 6 &yG

.+&+ $!..5 &yG

) #!*0 0.!2% &yG

.+/ %2%* &yG

/DELDO HQ EDUUD Pi[LPR FRORU J R] 9DORUL]DGR HQ

)+ )%/0!.%+ &yG

"1 /% " * 5 &yG

) ..¨* ¡(% +

+. ( /$%*!

&yG

&yG

.+&+ )+. &yG

2%*+ #( )+1. &yG

$!..5 )%/0!.%+ &yG

.+/ + 0!*0 %¨* &yG

+(+.!/ ?KI>EJ=>HAO «O=HKO PK@KO HKO @ß=O AJ PK@= K?=OEäJ U AJ ?Q=HMQEAN HQC=N

0KJKO MQA OEAILNA PA MQA@=NbJ >EAJ KJ REP=IEJ= !

"1 /% !/0!((+/ &yG

2%*+ !/0!((+/

&yG

, (+ .+/ !/0!((+/ &yG

/DELDO GHVWHOORV GH FRORU J R] 9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

.+&+ !/0!((+/

&yG

/ ()¨* !/0!((+/

&yG

* 01. ( !/0!((+/

&yG

&yG

$+ +( 0! !/0!((+/

.+/ !/0!((+/

&yG

+. ( !/0!((+/

)+ !/0!((+/

+. + !/0!((+/

".!/ !/0!((+/

&yG

&yG

&yG

&yG

(63(&,$/ '( /$%,$/(6

?KHKN 1. !.+ (=>EKO ?KJ ?KHKN LKN IQ?DK IbO PEAILK

$ 0,7$'

'( 35(&,2

KJ AIKHEAJPAO J=PQ=HAO A PATPQN= OQ=RA

"1 /% /1 (%)! &yG

) ..¨* $ 2 * &yG

"1 /% 0!*0 %¨* &yG

.+/ "%+.!((! &yG

.+&+ , /%¨* &yG

)$&725 '( 3527(&&,Ã&#x201E;1 62/$5

)36 .+&+ /!45 &yG

"1 /% !(%.%+ &yG

/DELDO GH ODUJD GXUDFLyQ J R] 9DORUL]DGR HQ

.+&+ "%!/0 &yG

* 01. ( 1*!

"1 /% !1"+.%

) ..¨* ) «

&yG

&yG

&yG

2%*+ !/!+ &yG

) ..¨* " * 0% &yG

IbTEI= 1. %¨* SDVR FRORU

KHKN MQA @QN= AJ PQO H=>EKO D=OP= MQA Pé HK @A?E@=O

.+/ $% &yG

"1 /% $+0 &yG

)bTEI= =@DANAJ?E= @A ?KHKN "EF= AH ?KHKN AJ @KO L=OKO ,NKPACA DQIA?P= U =?KJ@E?EKJ=

.+&+ , //%+* &yG

%.1!( !/%.! &yG

SDVR EULOOR

5RMR SDVVLRQ

/DELDO G~R WDWWRR PO J IO R] R] 9DORUL]DGR HQ

K

V

"1 /% /3!!0 &yG

'('85$&,Ã&#x201E;1

SURPRFLyQ 3XOVHUDV SiJ

.+&+ $%,*+0%

/ ()¨* 3+* !.

+. ( ) #%

.+/ (%#$0

2%*+ !(%//

+. ( 00. 0%+*

&yG

&yG

&yG

&yG

&yG

&yG

(63(&,$/ '( /$%,$/(6

@ABEJE?EäJ ,!."! 0

(=>E=H U @AHEJA=@KN AJ QJ OKHK LNK@Q?PK

$ 0,7$'

'( 35(&,2

(=>E=H U @AHEJA=@KN ?KJ AH ?KHKN AT=?PK KNNA OQ=RAIAJPA ?=>=@K I=PA

SDVR SLQWD

"1 /% "!))! &yG

SDVR GHOLQHD

5RVD EHOOH

3HUIHFW 0DWFK /DELDO 'HOLQHDGRU J R] 9DORUL]DGR HQ

.! /1,.!)! $!..5 ( //

.+/ * 5

&yG

&yG

1. 6*+ #( )

2%*+ )% *%#$0

+. ( /! 1 0%+*

+""!! /3!!0

&yG

&yG

&yG

&yG

&yG

NEHHK +* / +.

1J IQJ@K @A OAJO=?EKJAO AJ PQO H=>EKO *K MQANNbO @AF=N @A QO=NHK

!.!6 /! 1 %¨* &yG

0!*0 %¨* ! ) * .%* $+ +( 0! ,.+2+ %¨* &yG

&yG

NEHHK EJPAJOK AHE?EKOK O=>KN QH?A =NKI=

!(% % ! ".!/ &yG

". ) 1!/ #+(+/ &yG

+. ( ! * . *& &yG

/ * ¤ +-1!0 &yG

%.1!( %..!/%/0% (! &yG

".!/ / +* .!) &yG

%ULOOR ODELDO VDERU LUUHVLVWLEOH PO IO R] 9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

,.% $+ ! )+.

) *6 * !* *!(

) *& . * 01. (

&yG

&yG

&yG

(63(&,$/ '( /$%,$/(6

)¡4%)+ NEHHK

AOHQI>N= ?KJ QJKO H=>EKO OéLAN >NEHH=JPAO

$ 0,7$'

'( 35(&,2

!BA?PK H=>EKO DéIA@KO *K AO LAC=FKOK .+/ /$%*! &yG

+. ( /,( /$ &yG

/DELDO OtTXLGR EULOOR XOWUD IDQWiVWLFR PO IO R] 9DORUL]DGR HQ

.+/ + " /$%+*

.+&+ %..!/%/0% (!

.+/ + ) #*!0%

.+/ !!,

$!..5 ) #%

.+&+ /$%*!

&yG

&yG

&yG

&yG

&yG

&yG

"1 /% $%

.+/ !/0!( .

$!..5 /$%*!

&yG

&yG

&yG

0EL Ð

L=N= AOP=N = H= IK@= {,EJP=NIA H=O Qã=O ?KIK = Iß IA CQOP=Î

EOBNQP= PQO @KO JQARKO PKJKO B=RKNEPKO )=HR= /KBP U )EOPANEK NA=I KO ?KHKNAO MQA PA R=J = AJ?=JP=N U MQA AOPbJ

Ò = H= IK@=

{!OPEHK AJ ?=@= Qã=Î

SURPRFLyQ 3XOVHUDV SiJ

18(926 72126

*1!2+ 0+*+ ) (2 /+"0 &yG

.+&+ /!*/1 ( &yG

'( '(6&8(172

"1 /% 0.!2% &yG

.+/ 2% . *0! &yG

) #!*0 2% . *0! &yG

(VPDOWH SURIHVLRQDO HQ SDUD XxDV PO IO R] 9DORUL]DGR HQ

*1!2+ 0+*+

)%/0!.%+ .! ) &yG

.1 ¤ %*0!*/+ &yG

/ *#.! ( 0%*

&yG

%DVH IRUWDOHFHGRUD SDUD XxDV PO IO R]

&yG

&yG

)+. + "%!/0

12 !.*!0

9DORUL]DGR HQ

&yG

(%( " / %* %¨* &yG

.+/ !*/1!_+ &yG

0i[LPR EULOOR QXWUH PD\RU GXUDFLyQ VHFDGR UiSLGR DSOLFDFLyQ XQLIRUPH \ EURFKD SURIHVLRQDO

". ) 1!/ %(1/%¨* &yG

+ .! )¤/0% + &yG

61( *+ $! &yG

61( )¤/0% + &yG

,«.,1. , /%¨* &yG

& ! +.%!*0 ( &yG

2!. ! /1*01+/+ &yG

#.%/ #( )

,( 0 (14!

"^ )%!(

( * + ) ."%(

$ ), #*! # (

(%( )¡#% +

.+/ /!

.+/ ,.%) 2!.

.+/ .+) * !

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

*!#.+ +/ + &yG

0=JPKO HKKGO ?KIK EI=CEJ=O NA= ?EAJPKO @A ?KI>EJ=?EKJAO MQA Oß K Oß PA MQA@=NbJ PEAJAO PK@KO HKO ?KHKNAO MQA EI=CEJ=O L=N= HKCN=NHK

!1"+.% (1!/ &yG

2=NEA@=@ @A ?KI>EJ=?EKJAO KHKNAO EJPAJOKO

#N=J =@DANAJ?E= U OQ=RE@=@ 2FWHWR GH VRPEUDV J R] 9DORUL]DGR HQ

GH GHVFXHQWR

.!* /'5

( //% #+( !*

&yG

&yG

SURPRFLyQ 3XOVHUDV SiJ

+(+. /5),$+*5 &yG

!1"+.% (1!/ &yG

+0+_+ $% &yG

.+) *0% +(+./ &yG

/22. &2/25 'LIXPLQD FRQ DFDEDGR XQLIRUPH \ FXLGD WX SLHO FRQ VX VXDYH WH[WXUD

)+. + , //%+* &yG

6HW GH HVSRQMDV &yG

9DORUL]DGR HQ

GH GHVFXHQWR

0DTXLOOD WXV RMRV PiV IiFLOPHQWH FRQ FRPELQDFLRQHV GH WRQRV D SUXHED GH HUURU

'( '(6&8(172 (1 0½6&$5$ 0,5$'$ +(&+,=$17(

&XDUWHWR GH VRPEUDV J R] 9DORUL]DGR HQ

0iVFDUD 0LUDGD +HFKL]DQWH J R] 9DORUL]DGR HQ

GH GHVFXHQWR $ 358(%$ '(

$*8$

*!#.+ ) ..¨*

*!#.+

) ..¨*

&yG

&yG

2%*+ /3!!0 .+/ 2%*0 #!

.+/ $%

&yG

&yG

&yG

61( #+( !* (%( !)+0%+* &yG

&yG

&yG

YHFHV PiV YROXPHQ \ VHSDUD WXV SHVWDxDV

2!. ! &1*#(!

01.-1!/ !/%#*

,( 0 .+* !

) ..¨* ( //%

.+/ %((1/%+*

&yG

&yG

&yG

&yG

&yG

#. * 0! + !

!/)!. ( (14

61( + ! *

&yG

&yG

&yG

0+ + HK MQA PQO LAOP=ã=O JA?AOEP=J {(K PEAJA H= IbO?=N= @A EIL=?PK AJ AJ QJ OKHK LNK@Q?PKÎ 0iVFDUD GH LPSDFWR HQ QHJUR

SURPRFLyQ 3XOVHUDV SiJ

720$ 127$

78 2)(57$ (675(//$

3DVR $SOLFD OD PiVFDUD GHVGH OD UDt] GH WXV SHVWDxDV SDUD XQD DSOLFDFLyQ XQLIRUPH 3DVR 5HWLUD HO H[FHVR GH PiVFDUD FRQ HO SHLQH TXH DO PLVPR WLHPSR VHSDUD WXV SHVWDxDV XQD D XQD SDUD XQD GHILQLFLyQ ~QLFD

&HSLOOR TXH JDUDQWL]D FREHUWXUD SHUIHFWD

H=NC= .EV= /AL=N= ,AEJ= "KNP=HA?A 3HLQH TXH UHWLUD HO H[FHVR GH PiVFDUD

0iVFDUD GH LPSDFWR HQ J R] 9DORUL]DGR HQ

) ..¨* &yG

*!#.+ ) ..¨*

*!#.+ &yG

&yG

0Q IbO?=N= E@A=H $=U QJ= IbO?=N= ?NA=@= AOLA?E=HIAJPA L=N= PE

3(67$f$6 ,55203,%/(6

)bTEIK BKNP=HA?EIEAJPK KJ =?AEPA @A NE?EJK U KHER= ?KJ@E?EKJ= PQO LAOP=ã=O U AREP= OQ MQEA>NA

$ 358(%$ '(

$*8$

) ..¨* &yG

0iVFDUD IRUWDOHFLPLHQWR FRQWLQXR J R] 9DORUL]DGR HQ *!#.+ ) ..¨*

*!#.+ &yG

&yG

0iVFDUD IRUWDOHFLPLHQWR FRQWLQXR QHJUR

3(67$f$6 92/80,126$6

)bTEIK RKHQIAJ OEJ =QIAJP=N LAOK = PQO LAOP=ã=O ABEJE?EäJ OKNLNAJ@AJPA

$ 358(%$ '(

$*8$

61(

) ..¨*

&yG

&yG

*!#.+ ) ..¨*

*!#.+ &yG

&yG

0iVFDUD HIHFWR PD\RU YROXPHQ J R] 9DORUL]DGR HQ

0iVFDUD HIHFWR PD\RU YROXPHQ QHJUR

3(67$f$6 (;75$ &859$6 $ 358(%$ '(

,AOP=ã=O

Ã&#x2019; IbO ?QNR=O RA?AO IbO RKHQIAJ (= P=L= OENRA ?KIK NEV=@KN

$*8$

0iVFDUD SDUD SHVWDxDV H[WUD FXUYDV J R] 9DORUL]DGR HQ ) ..¨* &yG

*!#.+ ) ..¨*

*!#.+ &yG

&yG

SURPRFLyQ 3XOVHUDV SiJ

0iVFDUD H[WUD FXUYDV QHJUR

/22. &2/25

&yG

&yG

*!#.+ '+$(

&yG

,!.( '+$(

) ..¨* '+$(

61( '+$(

&yG

3XQWD SLQFHO

'( '(6&8(172

3XQWD SOXPyQ

$ 358(%$ '(

$ 358(%$ '(

$*8$

$*8$

'LIXPLQDGRU

'HOLQHDGRU OtTXLGR GH IiFLO DSOLFDFLyQ PO IO R] 9DORUL]DGR HQ

'HOLQHDGRU OtTXLGR GH DFDEDGR SURIHVLRQDO PO IO R] 9DORUL]DGR HQ

*!#.+ !40.!)+

)+. + #( )+1.

2%+(!0 )%/0!.%+

2!. !

1 6

*!#.+ !40.!)+

)+. + #( )+1.

&yG

&yG

&yG

&yG

&yG

&yG

*!#.+ /, .' ) ..¨* /, .' 61( /, .' ,( 0 /, .' &yG

&yG

&yG

&yG

'HOLQHDGRU OtTXLGR DFDEDGR SURIHVLRQDO QHJUR

72126 */,77(5

72126 */,77(5

'HOLQHDGRU NRKO FRQ GLIXPLQDGRU J R] 9DORUL]DGR HQ

2%+(!0 )%/0!.%+

2!. !

1 6

&yG

&yG

*!#.+ /, .' ) ..¨* /, .' 61( /, .' ,( 0 /, .' &yG

&yG

&yG &yG

'HOLQHDGRU OtTXLGR GH IiFLO DSOLFDFLyQ QHJUR

61( '+$( &yG

,!.( '+$(

*!#.+ '+$(

01.-1!/ '+$(

&yG

&yG

&yG

)+. + '+$(

) ..¨* '+$(

&yG

&yG

'HOLQHDGRU NKRO FRQ GLIXPLQDGRU QHJUR NKRO

!H @AHEJA=@KN AO ¡/% + ?AJPé= PQ ATLNAOEäJ AJI=N?= PQ NKOPNK U @ABEJA PQO H=>EKO

'HOLQHDGRU HQ OiSL] SDUD RMRV SDUD FHMDV SDUD ODELRV J R] 9DORUL]DGR HQ F X

SDUD ODELRV

SDUD FHMDV * . *& $% &yG

) ..+* . )!(

* 01. (

&yG

&yG

.+/ !(% 0! &yG

2%*+ %* %0 *0! &yG

"1 /% 2%2 6 &yG

.+&+ ) *$ 00 *

) ..¨* ( *+

&yG

&yG

+. ( #( ^ &yG

#1%* .! ( &yG

SURPRFLyQ 3XOVHUDV SiJ

*!#.+ &yG

35202&,Ã&#x201E;1 ,1683(5$%/( 'HOLQHDGRUHV D VROR

F X

'HOLQHDGRU SDUD ODELRV URVD GHOLFDWH

'HOLQHDGRU SDUD RMRV WXUTXHVD PDJLF

SDUD RMRV

PKJKO HQT

*!#.+ %*0!*/+ &yG

,( 0! + . 0

"^ (14

*!#.+ (14

&yG

&yG

&yG

!(!/0! ,.% ! &yG

61( )! %0!..¡*!+

01.-1!/ ) #%

&yG

&yG

) ..¨* "^ &yG

61( (14 &yG

+. + ,.! %(! 0+ &yG

2!. !

(14 &yG

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

) ..¨* +.#+_ &yG

2!. ! /% *!5 &yG $ 358(%$ '(

$*8$

0Q LEAH AO HK LNEIANK !H I=MQEHH=FA AILEAV= LKN @=NHA = PQ LEAH AH =?=>=@K LANBA?PK

)$&725 '( 3527(&&,Ã&#x201E;1 62/$5

)36

0. */(« % +/

&yG

LHE?= HKO LKHRKO @A I=JAN= QJEBKNIA 0ATPQN= OQ=RA MQA ?QE@= PQ LEAH %URFKD SDUD SROYRV &yG

0!.. +0

9DORUL]DGR HQ

&yG

KJPNKH= AH >NEHHK (A @= QJ =?=>=@K AJRE@E=>HAIAJPA OQ=RA "EF= AH I=MQEHH=FA

.+/

.+/

!%#!

!%#!

!%#!

&yG

&yG

&yG

&yG

&yG

3ROYRV VXHOWRV SDUD URVWUR SLHO GH VHGD J R] 9DORUL]DGR HQ

KIK LKHRKO I=PEBE?= KIK >=OA ?Q>NA EILANBA??EKJAO 3ROYRV FRPSDFWRV GREOH DFDEDGR J R] 9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

&RPR SROYRV

.+/ &yG

&RPR EDVH

%URFKD SDUD UXERU &yG

/22. &2/25

5XERU FRPSDFWR HIHFWR (A @= RE@= JHPDV \ PLQHUDOHV = PQ LEAH J R] 9DORUL]DGR HQ ?=>=@K OQ=RA

U OA@KOK KHKN J=PQN=H ?KJ ?KILKJAJPAO IEJAN=HAO

9DORUL]DGR HQ

ยก) . &yG

.1 ยค &yG

'( '(6&8(172

)+ &yG

#. * 0! .+/! &yG

1 .6+ .+/ &yG

+. ( &yG

SURPRFLyQ 3XOVHUDV SiJ

?=>=@K >NKJ?A=@K PK@K AH =ãK

/22. &2/25

'( '(6&8(172

(Q?A QJ >NKJ?A=@K J=PQN=H OEJ JA?AOE@=@ @A ATLKJANPA = HKO @=ãKO MQA LNK@Q?AJ HKO N=UKO OKH=NAO

,QFOX\H EURFKD

?=>=@K J=PQN=H K>ANPQN= QJEBKNIA /A =@=LP= = PQ PKJK @A LEAH

3ROYRV IDFLDOHV HQ SHUODV HIHFWR EURQFHDGR J R] &yG

9DORUL]DGR HQ

%DVH KLGUR QXWULWLYD URVD

ARQAHRA H= FQRAJPQ@ = PQ LEAH "ENIAV= U AH=OPE?E@=@ EJIA@E=P=O

)$&725 '( 3527(&&,Ä1 62/$5

)36

!VAJOE AO PQ HßJA= @A I=MQEHH=FA E@A=H

(=(16, 3ROYRV FRPSDFWRV SDUD URVWUR J R] 9DORUL]DGR HQ

)%!(

". ) 1!/ /$%*!

&yG

+. (%*!

+. (%*!

&yG

&yG

&yG

.+&+ /$%*!

%ULOOR ODELDO PO IO R] 9DORUL]DGR HQ

&yG

".!/ /$%*!

0+""!! /$%*!

3!0 /$%*!

2%+(!0 /$%*!

&yG

&yG

&yG

&yG

(VWXFKH GH VRPEUDV J R] 9DORUL]DGR HQ

, %"% .+) * ! &yG

'( '(6&8(172

) !%. " *0 /5 &yG

, . %/! + ! * &yG

/22. &2/25

z0A CQOP= HK J=PQN=H

)EN=@= OAJOQ=H * 01.! !* $ *0

)bO @A QJ= I=JAN= @A I=MQEHH=N PQO KFKO L=N= ?KJMQEOP=NHK OEAILNA

/RRN 6HQVXDO ,PSDFWDQWH

/LVWD SDUD LPSDFWDUOR" 8VD ORV WRQRV GHO TXLQWHWR GH VRPEUDV VLJXLHQGR ODV LQVWUXFFLRQHV GH DSOLFDFLyQ

K

V

'( '85$&,Ä1

/RRN 6HQVXDO FRTXHWD 8VD ORV WRQRV \ SDUD LOXPLQDU \ DPSOLDU WX PLUDGD (O WUXFR HVWi HQ PDQWHQHU ORV FRORUHV VREULRV (VWH ORRN HV LGHDO SDUD YHUWH QDWXUDOPHQWH OLQGD

SURPRFLyQ 3XOVHUDV SiJ

/RRN 6HQVXDO DWUHYLGD (V PRPHQWR GH GHVOXPEUDUOR 'DOH SURIXQGLGDG D WX PLUDGD DXPHQWDQGR ORV WRQRV

\ (VWH ORRN WH GDUi XQD PLUDGD LUUHVLVWLEOH

)bTEI= @QN=?EäJ U ?KHKN ,NKPACAJ HKO LbNL=@KO

.AOEOPAJ AH =CQ=

4XLQWHWR GH VRPEUDV SURIHVLRQDO J R] 9DORUL]DGR HQ

/22. &2/25

'( '(6&8(172

18(92

)+ " /$%+*

7212

&yG

+.+ ) #*!0% * 01.! !* $ *0

&yG

&yG

9LHQH FRQ LQVWUXFFLRQHV GH DSOLFDFLyQ

(VSRQMD GHOLQHDGRUD SURIHVLRQDO

$SOLFDGRU GH FRORU

V

.+/! ,.+(+*#

)+ " /$%+*

61( )5/0!.5

+.+ ) #*!0%

,1.,(! .0%/0%

&yG

&yG

&yG

&yG

&yG

,OXPLQDGRU SURIHVLRQDO

.+5 ( /!*/ &yG

%URFKD GLIXPLQDGRUD SURIHVLRQDO

-1 ,!.) *!*0

(%( .+) *0%

#( )+1. ( '

"!/0%2 ( #+(

&yG

&yG

&yG

&yG

(YDOXDFLyQ VHQVRULDO GH GXUDFLyQ UHDOL]DGD EDMR FRQGLFLRQHV GH ODERUDWRULR

)bTEI= =@DANAJ?E= @A ?KHKN 0ATPQN= ATPN= OA@KO= 'HOLQHDGRU SDUD RMRV GH Pi[LPD GXUDFLyQ J R] 9DORUL]DGR HQ

/ATU PK@K AH @ร = )bTEI= OAJOQ=HE@=@ D=OP= LKN DKN=O

0iVFDUD SDUD SHVWDxDV VHFUHWRV GH VHQVXDOLGDG QHJUR GHOLQHDGRU SDUD RMRV GH Pi[LPD GXUDFLyQ QHJUR \ ODELDO GH Pi[LPD GXUDFLyQ FDQGHOLW

SURPRFLyQ 3XOVHUDV SiJ

&yG

&yG

)+. + ,.+"1* +

&yG

2!. ! +0+_+

,( 0 . % *0!

&yG

^ * + *!#.+

6LVWHPD UHWUiFWLO

&yG

01.-1!/ )!0ยก(% + &yG

+.+ #( )+1.

) ..ยจ* 2% . *0! &yG

&yG

&yG

) ..ยจ* *+# ( &yG

%.1!( !* *0+

61( 6 "%.+

KHKN EJPAJOK LKN IQ?DK IbO PEAILK ,NKRK?=PER= OQ=RE@=@ "b?EH =LHE?=?EäJ

0iVFDUD SDUD SHVWDxDV VHFUHWRV GH VHQVXDOLGDG J R] 9DORUL]DGR HQ

/DELDO GH Pi[LPD GXUDFLyQ J R] 9DORUL]DGR HQ

.+&+ /! 1 0+. &yG

*!#.+ ) ..¨* %*0!*/+

* !(%0 &yG

'( '(6&8(172

"1 /% ,%*'

&yG

*!#.+ %*0!*/+ &yG

&yG

) ..¨* %*0!*/+ &yG

/22. &2/25

)bTEI= ATPAJOEäJ U ?QNR= "EF= AH ?KHKN LKN IQ?DK IbO PEAILK

)+. + *%#$0 &yG

$!..5 &yG $ 358(%$ '(

$*8$

"1 /% !4,.!// &yG

$+ +( 0! , //%+* &yG

.+&+ !40. 2 # *6 &yG

$+ +( 0! / 0¤* &yG

+,+.0+

K

&yG

V

'('85$&,Ã&#x201E;1

.+/ + *1 ! &yG

+ &yG

V

(YDOXDFLyQ VHQVRULDO GH GXUDFLyQ UHDOL]DGD EDMR FRQGLFLRQHV GH ODERUDWRULR

&ROODU DUHWHV ODUJRV /D]]R

9DORUL]DGR HQ

&yG

$+255$

18(9$ &2/(&&,Ã&#x201E;1 /$==2 &ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH [ FP

&yG

9DORUL]DGR HQ

$UHWHV /DUJR FP

(O GLMH WDPELpQ HV SUHQGHGRU

&yG

9DORUL]DGR HQ

$UHWHV ODUJRV /DUJR [ FP &yG

(Q EDxR GH SODWHDGR FRQ FULVWDOHV PXOWLFRORU

9DORUL]DGR HQ

3XOVHUD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

SURPRFLyQ 3XOVHUDV SiJ

$&&(625,26 (67,/2 !H LK@AN @A HKO ?KHKNAO EANN= HKO KFKO U LEAJO= AJ AH ?KHKN >H=J?K LKN QJKO OACQJ@KO

z*K LAN?E>AO =?=OK QJ= EJ?NAß>HA OAJO=?EäJ @A PN=JMQEHE@=@ Oß =?Pé=J HKO ?KHKNAO PA NAH=F=J PA =HACN=J PA IQARAJ

2ERA =DKN= AO= OAJO=?EäJ AJ ?=@= =??AOKNEK MQA PA LKJC=O LKNMQA ?KJ ^OEG= HKO ?KHKNAO AOPbJ IK@=Î

)KN=@K AMQEHE>NEK LANBA?PK "AIEJE@=@ AOPEHK =NIKJß= 0K@K HK MQA >QO?=O AOPb AJ AO= ?KHA??EäJ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

SURPRFLyQ 3XOVHUDV SiJ

/$ &2035$

723 +RSH HV 8QD FROHFFLyQ HQ EDxR SODWHDGR FRQ GHOLFDGRV FULVWDOHV \ HVPDOWH FRORU PRUDGR (O GLMH WLHQH IRUPD GH PDULSRVD GH SHU´ O

18(9$ &2/(&&,Ã&#x201E;1 +23( $UHWHV &ROODU /DUJR UHJXODEOH D FP &yG 0HGLGDV GHO GLMH [ FP 9DORUL]DGR HQ

$UHWHV ODUJRV /DUJR FP

3XOVHUD /DUJR UHJXODEOH D FP

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

&yG

9LEUDQW HV 8QD YHUViWLO FROHFFLyQ HQ EDxR GRUDGR /OHYD GHOLFDGRV FULVWDOHV WUDQVO~FLGRV \ SLHGUDV GH GLVWLQWRV FRORUHV

&2/(&&,Ã&#x201E;1 9,%5$17 &ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH [ FP &yG

9DORUL]DGR HQ

$UHWHV ODUJRV /DUJR FP &yG

9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

$&&(625,26 (67,/2

(Q EDxR GH SODWD FRQ FULVWDOHV \ SLHGUDV URVDGDV

0½6 '(

'( '(6&8(172

&2/(&&,Ã&#x201E;1 9$6&21,$

&ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH [ FP &yG

7DOOD &yG 7DOOD &yG 7DOOD &yG 7DOOD &yG

9DORUL]DGR HQ

9HU SUREDGRU HQ OD SiJ

$UHWHV ODUJRV /DUJR FP

18(675$ %,-287(5,( (6

/,%5( '( 3/202

$QLOOR

9DORUL]DGR HQ

&yG

3XOVHUD 'H DUR SDUWLGR

9DORUL]DGR HQ

&yG

9DORUL]DGR HQ

KN=@K

{MQÛ >EAJ PA MQA@=Î 1J ?KHKN MQA ?KI>EJ= ?KJ PK@K MQA PA EJOLEN= MQA NA=HV= PQ >AHHAV=

&2/(&&,Ä1 635,1*7,0( &ROODU \ DUHWHV /DUJR UHJXODEOH GHO FROODU D FP 0HGLGDV GHO GLMH [ FP 0HGLGDV GH ORV DUHWHV [ FP &yG

9DORUL]DGR HQ

GH GHVFXHQWR

$UHWHV ODUJRV 0HGLGDV DSUR[ [ FP &yG

9DORUL]DGR HQ

GH GHVFXHQWR

3XOVHUD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ

GH GHVFXHQWR (Q EDxR GRUDGR FRQ FULVWDOHV PXOWLFRORU

SURPRFLyQ 3XOVHUDV SiJ

78 2)(57$ (675(//$

18(92 (VWXFKH 3DUDGLV ,QFOX\H SDUHV GH DUHWHV &yG

9DORUL]DGR HQ

(HQRE= @A ?KHKNAO z QbH AO PQ B=RKNEPK z)KN=@K z0QNMQAO= {!J?QÛJPN=HKO =MQßÎ

(Q EDxR GH SODWD \ RUR FRQ SLHGUDV HVPDOWHV \ FULVWDOHV

18(675$ %,-287(5,( (6

/,%5( '( 3/202

(Q EDxR GH RUR URVDGR FRQ FULVWDOHV WUDQVO~FLGRV \ SHUODV FRORU FUHPD

KN=@K U LANH=O

{-QÛ ?KI>EJ=?EäJÎ

"EJ=PE QJ= ?KHA??EäJ LANBA?P= L=N= HQ?EN BAIAJEJ= U @EOPEJCQE@= AJ AO= K?=OEäJ AOLA?E=H

&2/(&&,Ä1 ),1$7, &ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH [ FP &yG

9DORUL]DGR HQ

$UHWHV &yG

9DORUL]DGR HQ

$UHWHV ODUJRV /DUJR FP &yG

9DORUL]DGR HQ

$QLOOR

7DOOD &yG 7DOOD &yG 7DOOD &yG 7DOOD &yG 9HU SUREDGRU HQ OD SiJ

9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

$&&(625,26 (67,/2

6R´ VWLT HV

8QD GHOLFDGD FROHFFLyQ HQ EDxR GH SODWD FRQ FULVWDOHV \ SLHGUDV IDFHWDGDV GH FRORU D]XO 'pMDWH OOHYDU SRU HVWH UHIUHVFDQWH FRORU

&2/(&&,Ã&#x201E;1 62),67,4 &ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH [ FP &yG

9DORUL]DGR HQ

$UHWHV ODUJRV /DUJR FP &yG

9DORUL]DGR HQ

$QLOOR

7DOOD &yG 7DOOD &yG 7DOOD &yG 7DOOD &yG

9HU SUREDGRU HQ OD SiJ

9DORUL]DGR HQ

3XOVHUD /DUJR UHJXODEOH D FP &yG

0½6 '(

'( '(6&8(172

9DORUL]DGR HQ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

&2/(&&,Ã&#x201E;1 '25$/,6 &ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH FP &yG

9DORUL]DGR HQ

$UHWHV ODUJRV /DUJR FP &yG

9DORUL]DGR HQ

3XOVHUD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

(Q EDxR GRUDGR FRQ SHUODV HQ WRQRV GRUDGRV PDUURQHV \ FUHPDV

$&&(625,26 (67,/2

$GDULV HV 8QD FROHFFLyQ HQ EDxR SODWHDGR FRQ HVPDOWH FUHPD \ ´ QRV FULVWDOHV FRORU JULV 8QD VXWLO FRPELQDFLyQ GH FRORUHV TXH YD PX\ ELHQ VLHPSUH

&2/(&&,Ã&#x201E;1 $'$5,6 &ROODU /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH [ FP &yG

(O GLMH WDPELpQ HV SUHQGHGRU

9DORUL]DGR HQ

0½6 '(

$UHWHV

&yG

9DORUL]DGR HQ

'( '(6&8(172

$UHWHV ODUJRV /DUJR DSUR[ FP &yG

9DORUL]DGR HQ

3XOVHUD &yG

9DORUL]DGR HQ

18(675$ %,-287(5,( (6

/,%5( '( 3/202

/LQGRV GLVHxRV HQ EDxR GH SODWD \ EDxR GH RUR

(VWXFKH $GUD ,QFOX\H SDUHV GH DUHWHV &yG

9DORUL]DGR HQ

(VWXFKH 0\WKLF 7DOOD &yG 7DOOD &yG 7DOOD &yG 7DOOD &yG 9HU SUREDGRU

9DORUL]DGR HQ

(Q EDxR GH RUR \ SODWD FRQ SHUODV \ FULVWDOHV

'( '(6&8(172

3$5$ (//$

3$5$ e/

352%$'25 '( $1,//26 &RORFD XQR GH WXV DQLOORV KDVWD TXH YHDV HO FtUFXOR FRPSOHWR GHQWUR GH pO (VD HV WX WDOOD

SURPRFLyQ 3XOVHUDV SiJ

35202&,Ã&#x201E;1 3XOVHUDV D VyOR

F X 3RU OD FRPSUD GH XQ SURGXFWR GH ODV SiJ \

(Q EDxR GRUDGR FRQ FULVWDOHV WUDQVO~FLGRV

(Q EDxR SODWHDGR FRQ SLHGUDV \ HVPDOWH D]XO

(Q EDxR SODWHDGR FRQ HVPDOWH PRUDGR S~USXUD

(Q EDxR SODWHDGR FRQ HVPDOWH FUHPD SHUODGR

18(9$

3XOVHUD /RYHUV /DUJR UHJXODEOH D FP

&yG 9DORUL]DGR HQ

18(9$

3XOVHUD 'XTXHVD /DUJR UHJXODEOH D FP &yG

9DORUL]DGR HQ

18(9$

18(9$

3XOVHUD )ORUHQFLD 3XOVHUD )LRU 'L 3DQD /DUJR UHJXODEOH D FP 7LSR DUR 0HGLGDV GHO GLMH [ FP &yG &yG 9DORUL]DGR HQ 9DORUL]DGR HQ

6L GHVHDV FRPSUDU VROR OD SXOVHUD /RYHUV VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR 6L GHVHDV FRPSUDU VROR OD SXOVHUD 'XTXHVD VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR 6L GHVHDV FRPSUDU VROR OD SXOVHUD )ORUHQFLD VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR 6L GHVHDV FRPSUDU VROR OD SXOVHUD )LRU 'L 3DQD VLQ FRQGLFLyQ GH SURPRFLyQ StGHOD FRQ HO &yG 3UHFLR

1R LQFOX\H RWUDV SURPRFLRQHV 3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

3527(&&,Ã&#x201E;1 &2175$ /26 5$<26

89

&RQ OLQGRV GHWDOOHV PHWiOLFRV HQ ORV EUD]RV

18(9$6

*DIDV /LOO\ SDUD GDPD &RQ PDUFR PRUDGR \ GHWDOOHV PHWiOLFRV D ORV ODGRV /HQWHV FRORU KXPR HQ GHJUDGp &yG

9DORUL]DGR HQ

7RGDV QXHVWUDV JDIDV YLHQHQ FRQ HVWXFKH

SURPRFLyQ 3XOVHUDV SiJ

$&&(625,26 (67,/2

)K@= @A RQAHP= U RQAHP= *=@= ?KIK HQ?EN QJ DANIKOK NAHKF ?KJ ?KNNA= @A @KO RQAHP=O MQA NKILANb PK@KO HKO AOMQAI=O

18(92 0½6 '(

'( '(6&8(172

5HORM /RYH 5ROO SDUD GDPD &RQ FRUUHD GH FXHUR WH[WXUDGD FRORU PDUUyQ GH GREOH YXHOWD 3LH]D FHQWUDO PHWiOLFD 'LDO SODWHDGR FRQ GHWDOOHV PHWiOLFRV FULVWDOHV \ HIHFWR WRUQDVRODGR &yG

9DORUL]DGR HQ

7RGRV QXHVWURV UHORMHV FXHQWDQ FRQ JDUDQWtD GH PHVHV \ YLHQHQ HQ HVWXFKH

(Q EDxR GH RUR FRQ SHUODV FRORU FUHPD \ PDXYp

!J?QÛJPN=PA ?KJ PQ =??AOKNEK B=RKNEPK 1J ?KHH=N QJ NAHKF QJKO HAJPAO

AOA =??AOKNEK MQA P=JPK >QO?=O AOPb =MQß

$UHWHV ODUJRV 5R\DO 5RVH &yG

9DORUL]DGR HQ

(Q EDxR SODWHDGR FRQ SLHGUD FRORU QHJUR (Q EDxR SODWHDGR FRQ HVPDOWH WULFRORU \ FULVWDOHV

(VWXFKH 6WHOOD &ROODU \ DUHWHV /DUJR UHJXODEOH GHO FROODU D FP 0HGLGD GHO GLMH [ FP &yG

9DORUL]DGR HQ

$UHWHV 'HOLFDVVLD &yG

9DORUL]DGR HQ

0RUDGR &RUUHD GH VLOLFRQD \ GLDO SODWHDGR FRQ HIHFWR WRUQDVRO \ XQ FULVWDO

5HORM , 0LQXWH &yG

9DORUL]DGR HQ

3XOVHUD 2UJDQLND (Q EDxR SODWHDGR FRQ HVPDOWH DTXDPDULQD \ FULVWDOHV /DUJR UHJXODEOH D FP

3XOVHUD /RYHU (Q EDxR SODWHDGR

&yG

9DORUL]DGR HQ

SURPRFLyQ 3XOVHUDV SiJ

&yG

9DORUL]DGR HQ

,55(6,67,%/(6

'( '(6&8(172

(Q EDxR GH SODWD FRQ HVPDOWH QHJUR

*DIDV 9HUyQLFD &yG

9DORUL]DGR HQ

0DUFR GH PHWDO GRUDGR \ OHQWHV FRORU FDIp HQ GHJUDGp

&DGHQD 6LULXV SDUD pO /DUJR FP 0HGLGDV GHO GLMH [ FP &yG

9DORUL]DGR HQ

*DIDV ([SR SDUD pO &yG

9DORUL]DGR HQ

(VWXFKH 'UHDPP\ SDUD QLxDV ,QFOX\H SDUHV GH DUHWHV &yG

*DIDV QHJUDV FRQ OHQWHV FRORU KXPR URML]R

(Q EDxR GH RUR \ SODWD FRQ SHUODV \ FULVWDOHV

9DORUL]DGR HQ

7RGR ORV SURGXFWRV VH DWHQGHUiQ KDVWD DJRWDU VWRFN

'HVPDTXLOOD ODV ]RQDV GHOLFDGDV GHO URVWUR RMRV \ ODELRV

'( '(6&8(172

%LIiVLFR 3DUD UHPRYHU KDVWD HO PDTXLOODMH PiV GLItFLO

'HVPDTXLOOD OD SLHO VHQVLEOH

/RFLyQ GHVPDTXLOODQWH SDUD RMRV \ URVWUR PO IO R]

'HVPDTXLOODGRU HQ JHO SDUD RMRV \ ODELRV J R]

'HVPDTXLOODGRU OtTXLGR DFFLyQ LQPHGLDWD PO IO R]

&yG

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

SURPRFLyQ 7ULSOH $FFLyQ / SiJ

&$%(//2 3,(/ (KO L=OKO >bOE?KO L=N= QJ ?QPEO DANIKOK 0AJAN QJ NKOPNK DANIKOK NAMQEANA QJ= NQPEJ= >bOE?= MQA JK LQA@AO KHRE@=NÎ

(EILE= PQ NKOPNK ?KJ LNK@Q?PKO AOLA?E=HAO JQJ?= ?KJ F=>äJ @A >=NN=

$E@NbP=HK ?KJ ?NAI=O AOLA?ßBE?=O L=N= PQ PELK @A LEAH

,NKPÛCAHK ?KJ QJ LNKPA?PKN OKH=N

0K@= A@=@ U PELK @A LEAH

?H=N= A DE@N=P= IE LEAH ?KJ .KO= )KOMQAP= U KJ?D= @A *b?=N

Q=PNK OAI=J=O OKJ OQBE?EAJPAO L=N= MQA *=PQN=H =NA =?H=NA U AIL=NAFA AH PKJK @A IE NKOPNK @AIbO I=JPEAJA IE LEAH DE@N=P=@= LKN DKN=O {U H= LNKPACA @AH OKHÎ 1$785$/ &$5( &UHPD DFODUDGRUD IDFLDO )36 J R] &yG

9DORUL]DGR HQ

$ 0,7$'

'( 35(&,2

$FODUD OD SLHO HQ VHPDQDV \ PHMRUD VX WRQR &RQ URVD PRVTXHWD \ FRQFKD GH QiFDU

)$&725 '( 3527(&&,Ä1 62/$5

)36

SURPRFLyQ 7ULSOH $FFLyQ / SiJ

&$%(//2 3,(/

N=

OAI=J=

@=

OAI=J=

N= OAI=J=

P= OAI=J=

.KO= IKOMQAP= U ?KJ?D= @A Jb?=N !H =?AEPA @A NKO= IKOMQAP= IAFKN= H= NAJKR=?EäJ @A H= LEAH U >NEJ@= OQ=RE@=@ U HQV = PQ NKOPNK ,KN OQ L=NPA H= ?KJ?D= @A Jb?=N =UQ@= = =PAJQ=N H=O I=J?D=O U = =?H=N=N AH PKJK @A PQ LEAH

(´ FDFLD GH OD FUHPD DFODUDGRUD

GH YROXQWDULDV PRVWUy XQD QRWDEOH PHMRUD HQ OD DSDULHQFLD GHO WRQR GH VX FXWLV

3UXHED GH HILFDFLD GHUPDWROyJLFD UHDOL]DGD HQ ODERUDWRULRV &/$,0 FRQ PXMHUHV HQWUH \ DxRV GXUDQWH VHPDQDV XVDQGR HO SURGXFWR YHFHV DO GtD

GH SDQHOLVWDV SUHVHQWy PHMRUD HQ OD KLGUDWDFLyQ GH OD SLHO D ODV KRUDV 5HVXOWDGRV GH SUXHED LQVWUXPHQWDO GH H´ FDFLD UHDOL]DGD D ODV KRUDV GHVSXpV GH DSOLFDU HO SURGXFWR HQ YROXQWDULDV HQ ORV ODERUDWRULRV %HOFRUS

0K@= A@=@ U PELK @A LEAH

z,NABEANAO H= DE@N=P=?EäJ J=PQN=H 5K OßÎ LKN AOK OEAILNA QOK HKO LNK@Q?PKO *=PQN=H =NA (= DE@N=P=?EäJ OA OEAJPA =H IKIAJPK U H= LEAH @A IE NKOPNK U KFKO MQA@= ?KJ QJ= OAJO=?EäJ @A BNAO?QN=

GH SDQHOLVWDV SUHVHQWy PHMRUD HQ OD KLGUDWDFLyQ GH OD SLHO D ODV KRUDV 5HVXOWDGRV GH SUXHED LQVWUXPHQWDO GH H´ FDFLD UHDOL]DGD D ODV KRUDV GHVSXpV GH DSOLFDU HO SURGXFWR HQ YROXQWDULDV HQ ORV ODERUDWRULRV %HOFRUS

SURPRFLyQ 7ULSOH $FFLyQ / SiJ

0DVFDULOOD IDFLDO KLGUDWDFLyQ LQPHGLDWD J R] &yG

+XPHFWD \ VXDYL]D OD SLHO GHO URVWUR GH IRUPD LQPHGLDWD FRQ EDUUR RUJiQLFR \ DORH

*HO UHIUHVFDQWH SDUD HO FRQWRUQR GH RMRV J R]

&UHPD KLGUDWDQWH IDFLDO J R]

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

$QWHV

'HVSXpV

+LGUDWD WXV SiUSDGRV ORV UHIUHVFD \ D\XGD D HYLWDU OD DSDULHQFLD GH EROVDV RMHUDV \ OtQHDV GH H[SUHVLyQ

&$%(//2 3,(/

1$785$/ &$5(

&yG

+LGUDWD WX SLHO \ D\XGD D SURWHJHUOD GH OD DSDULFLyQ GH ORV VLJQRV GH OD HGDG

$ 62/2

+25$6

GH KLGUDWDFLyQ

0K@= A@=@ U PELK @A LEAH

1J HEPNK @A @AHE?EKO= OQ=RE@=@

/,752

)A LNKRK?= QO=NH=O AJ ?=@= IKIAJPK LKNMQA DQIA?P=J U @AF=J QJ ATMQEOEPK =NKI=

5 HK IAFKN AO MQA QO=J EJCNA@EAJPAO OéLAN J=PQN=HAO

{-QÛ NE?KÎ

1$785$/ &$5( 'XUD]QR $oDt /RFLyQ KXPHFWDQWH FRUSRUDO OLWUR IO R]

6XDYL]D \ UHYLWDOL]D OD SLHO &RQ GHOLFLRVR DURPD GH GXUD]QR \ DoDt

&yG

9DORUL]DGR HQ

)ORU GH 1DUDQMR /LWFKL /RFLyQ KXPHFWDQWH FRUSRUDO OLWUR IO R] &yG

9DORUL]DGR HQ

9DLQLOOD -D]PtQ /RFLyQ KXPHFWDQWH FRUSRUDO OLWUR IO R] &yG

9DORUL]DGR HQ

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

)527$ $48À < 6,(17( (/ $520$ '( '85$=12 $d$À (1 78 3,(/

&$%(//2 3,(/

'( '(6&8(172

/,752

+LGUDWD \ VXDYL]D OD SLHO &RQ UHIUHVFDQWH DURPD GH µ RU GH QDUDQMR \ OLWFKL

/,752

6XDYL]D \ KXPHFWD OD SLHO &RQ UHODMDQWH DURPD GH YDLQLOOD \ MD]PtQ

DxRV FXLGDQGR WX URVWUR

7ULSOH $FFLyQ IXH ODQ]DGD HQ 3HU~ HQ SRU %HOFRUS

5HGXFH OD DSDULHQFLD GH SXQWRV QHJURV \ SRURV DELHUWRV 5HPXHYH FpOXODV PXHUWDV UHGXFH HO EULOOR KXPHFWD \ VXDYL]D

'LVPLQX\H OD DSDULHQFLD GH DUUXJDV RMHUDV \ EROVDV $´ UPD HO FRQWRUQR GH RMRV D\XGD D SURWHJHU WX SLHO GHO PHGLR DPELHQWH \ VXDYL]D OD SLHO

75,3/( $&&,Ã&#x201E;1 0$;

75,3/( $&&,Ã&#x201E;1 0$; 0DVFDULOOD H[IROLDQWH IDFLDO PXOWLEHQHILFLRV J R] &yG

9DORUL]DGR HQ

&UHPD IDFLDO GH MXYHQWXG QXWULWLYD 'H J R]

&UHPD IDFLDO GH EHOOH]D OLPSLDGRUD 'H J R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

&yG

'H J R]

'H J R]

9DORUL]DGR HQ

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

GH GHVFXHQWR

GH GHVFXHQWR

&UHPD SDUD HO FRQWRUQR GH RMRV J R]

SURPRFLyQ 7ULSOH $FFLyQ / SiJ

&$%(//2 3,(/

(=O ?NAI=O MQA IAFKN ?KJK?AJ PQ LEAH 0NELHA ??EäJ )=T PA KBNA?A AH PN=P=IEAJPK IbO ?KILHAPK L=N= H= >AHHAV= U FQRAJPQ@ @A PQ NKOPNK

$WHQ~D OD DSDULHQFLD GH DUUXJDV DFODUD HO WRQR GH OD SLHO UHD´ UPD QXWUH VXDYL]D \ SURWHJH

'( '(6&8(172

/LPSLD KXPHFWD WRQL´ FD UHIUHVFD VXDYL]D \ SURWHJH

5K QOK QJ= ?NAI= MQA R=HA LKN

z5 Pé QE@= H= LEAH @A PK@K PQ ?QANLK ?KJ AH LK@AN @A H=O NKO=O

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

'( '(6&8(172

0DQRV 6XDYL] WXV PDQRV \ D\XGD D IRUWDOHFHU WXV XxDV FRQ YLWDPLQDV $ ( NHUDWLQD \ FDOFLR

/Q=RE@=@ U >AHHAV= AJ H= L=HI= @A PQO I=JKO 0QO I=JKO D=>H=J @A PE ?Qß@=H=O U Hé?AH=O OEAILNA DANIKO=O

&$%(//2 3,(/

'( '(6&8(172

NEJ@= ABA?PK NAHHAJK KNNECA H=O =NNQC=O

$GLyV DSDULHQFLD GH DUUXJDV

GH ODV SDQHOLVWDV PRVWUy HIHFWR UHOOHQR LQPHGLDWR GH DUUXJDV JHVWXDOHV

5(1$&(5 ,17(16,92 /LQHV 2XW 7UDWDPLHQWR IDFLDO FRUUHFWRU GH DUUXJDV HQ FUHPD JHO PO IO R] &yG

9DORUL]DGR HQ

GH ODV SDQHOLVWDV PRVWUy DWHQXDFLyQ GH DUUXJDV FDXVDGDV SRU OD JUDYHGDG D ODV VHPDQDV 5HVXOWDGRV GH HVWXGLR GH HYDOXDFLyQ FOtQLFD GHUPDWROyJLFD UHDOL]DGD SRU /DERUDWRULR &ODLP HQ XQ ODSVR GH GtDV FRQ PXMHUHV HQWUH \ DxRV

SURPRFLyQ 7ULSOH $FFLyQ / SiJ

&$%(//2 3,(/

/DDD

J=@EA O=>Nb PQ RAN@=@AN= A@=@ KJ .AJ=?AN PQ NKOPNK HQ?ENb OEAILNA FKRAJ U DANIKOK /LPSLD WRQL´ FD \ UHYLWDOL]D HO FXWLV

5HDYLYD OD DSDULHQFLD GH OD PLUDGD D FXDOTXLHU HGDG

5HD´ UPD OD SLHO GH WX URVWUR

'LVPLQX\H OD DSDULHQFLD GH PDQFKDV \ DFODUD WX SLHO

)LUP $FWLRQ &UHPD IDFLDO UHDILUPDQWH J R] &yG

9DORUL]DGR HQ

%ODQF 5DGLDQFH 7UDWDPLHQWR DFODUDGRU IDFLDO HQ FUHPD )36 J R]

/LPSLDGRUD 7RQLILFDQWH /RFLyQ PO IO R]

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

&yG

(\HV &RUUHFWLRQ 7UDWDPLHQWR DILUPDQWH \ FRUUHFWRU SDUD HO FRQWRUQR GH RMRV HQ FUHPD J R] &yG

9DORUL]DGR HQ

+HRß@=PA @A H= LEAH @A J=N=JF=

AF= =PNbO H= OAMQA@=@ z-QÛ JA?AOEP= PQ LEAH !HECA PQ ?NAI= OACéJ OQ JA?AOE@=@

$48$/27,21 3,(/ /,6$ /RFLyQ FRUSRUDO H[WUD KXPHFWDQWH OLWUR IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

08/7,&5(0 1875,(176 /RFLyQ FRUSRUDO QXWULWLYD OLWUR IO R] &yG

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

$OLVD OD SLHO GH QDUDQMD &RQ H[WUDFWR GH FRUDO \ DOJDV PDULQDV

3DUD SLHO H[WUD VHFD +LGUDWD UHYLWDOL]D SURWHJH \ VXDYL]D &RQ DYHQD PLHO \ JHUPHQ GH WULJR

&$%(//2 3,(/

,NKPÛCAPA @AH OKH

'( '(6&8(172

48e 1,9(/ '( 3527(&&,Ä1 1(&(6,7$6" $OWD

0X\ DOWD

0HGLD

&RQ XQ )36 3HUIHFW 6XQ SURWHJH WX SLHO GH ORV UD\RV 89$ \ 89% TXH FDXVDQ HO HQYHMHFLPLHQWR SUHPDWXUR VLQ VREUH[SRQHU WX SLHO D ORV TXtPLFRV GH )36 PiV DOWRV

&RQ XQ )36 3HUIHFW 6XQ .LGV SURWHJH KDVWD OD GHOLFDGD SLHO GH ORV QLxRV GH ORV GDxRV TXH SURYRFDQ ORV UD\RV GHO VRO (YLWD VX HQURMHFLPLHQWR H LUULWDFLyQ

&RQ XQ )36 3HUIHFW 6XQ HQ VSUD\ IDFLOLWD OD DSOLFDFLyQ GH XQ EORTXHDGRU HQ OD SLHO GH WRGD OD IDPLOLD SDUD GLVPLQXLU ORV GDxRV RFDVLRQDGRV SRU HO VRO

3(5)(&7 681

3(5)(&7 681 .,'6

3(5)(&7 681

3URWHFWRU VRODU URVWUR \ FXHUSR )36 3$ J R]

3URWHFWRU VRODU SDUD QLxRV URVWUR \ FXHUSR )36 3$ J R]

3URWHFWRU VRODU FRUSRUDO HQ VSUD\ )36 PO IO R]

&yG

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

&KUANß= BEJ= Q>NA PQ LEAH ?KJ @AHE?=@KO >NEHHKO MQA H= D=NbJ HQ?EN ?KIK PQ FKU= IbO LNA?E=@=

6('$ 252 /RFLyQ OXPLQRVD PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

(1&$172 '( 3(5/$6 /RFLyQ OXPLQRVD PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

6XDYL]D KXPHFWD WX SLHO \ GHMD XQ VHQVXDO EULOOR GRUDGR

+XPHFWD VXDYL]D H LOXPLQD WX SLHO FRQ GHVWHOORV SHUODGRV

'XDOLVV

/LSR (IIHFW 0DVVDJHU

$´ UPD OD SLHO GHO EXVWR /D VXDYL]D H KLGUDWD &RQ WHFQRORJtD 7HQVLQJ 6\VWHP TXH FUHD XQ HIHFWR DQWL µ DFLGH]

$\XGD D UHGXFLU OD DSDULHQFLD GH SLHO GH QDUDQMD \ HVWUtDV &RQ XQ HQYDVH FRQ HVIHUDV PDVDMHDGRUDV TXH D\XGDQ D HOLPLQDU OtTXLGRV \ JUDVDV HQ OD SLHO

0RGHOD WX VLOXHWD $\XGD D UHGXFLU ORV GHSyVLWRV GH JUDVDV HQ OD SLHO ,QFOX\H XQ PDVDMHDGRU SHUVRQDO GH GLVHxR ~QLFR IiFLO GH XVDU FXDQWDV YHFHV TXLHUDV

(QFXHQWUD DO UHYHUVR XQD WH[WXUD LGHDO SDUD UHDOL]DU PDVDMHV

&$%(//2 3,(/

)LUPLQJ %XVW

&RQ URGLOORV PDVDMHDGRUHV

$ 0,7$'

'( 35(&,2

%2'< 3(5)(&7,21 )LUPLQJ %XVW *HO DILUPDQWH SDUD EXVWR PO IO R] &yG

9DORUL]DGR HQ

'XDOLVV *HO DOLVDGRU GH HVWUtDV \ SLHO GH QDUDQMD PO IO R] &yG

9DORUL]DGR HQ

/LSR (IIHFW 0DVVDJHU &UHPD JHO FRUSRUDO PDVDMHDGRU PO IO R] &yG

9DORUL]DGR HQ

HREAJPK

(ßJA= ?KJ EJCNA@EAJPAO J=PQN=HAO L=N= ?QE@=N PQ ?=>AHHK

*5$62

KJPNKH= H= CN=O= ?KJ HEIäJ $QIA?P= AH ?=>AHHK ?KJ =HKA

/,752

A>K H=R=N IE ?=>AHHK OACQE@K L=N= OAJPENHK HEILEK /E AOPA AO PQ ?=OK PQ ?=>AHHK AO CN=OK U JA?AOEP=O QJ OD=ILKK MQA ?KJPNKHA H= KHAKOE@=@ OEJ NAOA?=N PQ ?QANK ?=>AHHQ@K

)E ?=>AHHK JK AO CN=OK JE OA?K zMQÛ @A>K QO=N /E PQ ?=>AHHK AO JKNI=H U HQ?A O=HQ@=>HA QPEHEV= QJ LNK@Q?PK MQA I=JPAJC= AH AMQEHE>NEK J=PQN=H @A PQ ?=>AHHK

-QEANK MQA AH HKKG @A IE ?=>AHHK @QNA LKN DKN=O /E MQEANAO MQA PQ LAEJ=@K @QNA LKN IbO PEAILK OEJ @=ã=N PQ ?=>AHHK QPEHEV= QJ= ?NAI= L=N= LAEJ=N ?KJ EJCNA@EAJPAO J=QPQN=HAO MQA HK DE@N=PAJ

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

$/9,(172 6KDPSRR OLWUR IO R] &DEHOOR *UDVR &yG GH GHVFXHQWR &DEHOOR 1RUPDO &yG GH GHVFXHQWR 9DORUL]DGR HQ F X F X

72'2 7,32 '( &$%(//2

"KNP=HA?A AH ?=>AHHK ?KJ =RAJ= /Q=REV= ?KJ IEAH @A =>AF=

$E@N=P= LNKBQJ@=IAJPA U OQ=REV= ?KJ =HKA RAN= QIAJP= AH >NEHHK ?KJ G=NEPÃ&#x203A; "=?EHEP= AH LAEJ=@K ?KJ JQAV @A I=?=@=IE=

/,752

'( '(6&8(172

6KDPSRR PO IO R] &DEHOOR *UDVR &yG &DEHOOR 1RUPDO &yG 9DORUL]DGR HQ F X F X

$FRQGLFLRQDGRU PO IO R] &DEHOOR *UDVR &yG &DEHOOR 1RUPDO &yG 9DORUL]DGR HQ F X F X

&UHPD SDUD SHLQDU J R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

&$%(//2 3,(/

1250$/

HREAJPK

QE@= PQ ?=>AHHK ?KJ HKO IAFKNAO EJCNA@EAJPAO J=PQN=HAO

6(&2

$QIA?P= ?KJ =?AEPA @A ?K?K

/Q=REV= ?KJ =CQ=?=PA

/,752

/EAJPK IE ?=>AHHK bOLANK !JPKJ?AO PEAJAO ?=>AHHK OA?K (K IAFKN L=N= PE AO QJ LNK@Q?PK MQA OQ=RE?A A DE@N=PA PQ ?=>AHHK

-QEANK =HCK J=PQN=H

LANK LNb?PE?K ,NQA>= H= BäNIQH= AJ MQA HEILE= U =?KJ@E?EKJ= =H IEOIK PEAILK

+D JKÎ PAJCK AH ?=>AHHK MQA>N=@EVK !OPA AO QJ OßJPKI= @AH ?=>AHHK ATPN= OA?K ,NQA>= ?KJ QJ OD=ILKK MQA >NEJ@A ATPN= DQIA?P=?EäJ U LNKPAF= PQ ?=>AHHK @AH MQEA>NA U LQJP=O =>EANP=O

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

$/9,(172 &DEHOOR 6HFR 6KDPSRR OLWUR IO R]

$FRQGLFLRQDGRU PO IO R]

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

GH GHVFXHQWR

&yG

(;75$ 6(&2

&$%(//2 3,(/

HQ

,NKPACA AH ?=>AHHK ?KJ GESE

!TPN= DQIA?P=?EäJ ?KJ =?AEPA @A FKFK>=

= >NEHHK U AH=OPE?E@=@ ?KJATPN=?PK@A=HIAJ@N=O

"KNP=HA?A AH ?=>AHHK ?KJ CANIAJ @A PNECK

/,752

'( '(6&8(172

&yG

&DEHOOR 6HFR 6KDPSRR PO IO R]

9DORUL]DGR HQ

&yG

&yG

$FRQGLFLRQDGRU PO IO R]

'H PO IO R]

&yG

GH GHVFXHQWR

&DEHOOR ([WUD 6HFR 6KDPSRR PO IO R]

HQ 6KDPSRR DFRQGLFLRQDGRU 'H OLWUR IO R] 9DORUL]DGR HQ

9DORUL]DGR HQ

&yG

9DORUL]DGR HQ F X

F X

2EP=H

(= HßJA= LNb?PE?= U BQJ?EKJ=H L=N= PK@= H= B=IEHE=

z/A LQA@AJ AHEIEJ=N HKO LQJPKO >H=J?KO AJ IE ?=>AV=

(= ?=OL= AO QJ LNK>HAI= K?=OEKJ=@K LKN H= LNKHEBAN=?EäJ @A QJ DKJCK MQA D=?A MQA H=O ?ÛHQH=O @AH ?QANK ?=>AHHQ@K OA @AOLNAJ@=J AJ BKNI= @A AO?=I=O K LQJPKO >H=J?KO

1J OD=ILKK ?KJ LENEPEKJ=PK @A VEJ? =UQ@= = ?KJPNKH=N U AHEIEJ=N H= ?=OL= @A I=JAN= NbLE@= U A ?=V

-QEANK QJ OD=ILKK MQA IA =UQ@A = =DKNN=N PEAILK U @AFA HEJ@K AH ?=>AHHK @A PK@= IE B=IEHE= !JPKJ?AO LNQA>= ?KJ QJ OD=ILKK AJ MQA HEILE= U =?KJ@E?EKJ= =H IEOIK PEAILK @AIbO AHECA BäNIQH=O OQ=RAO LANK ABA?PER=O MQA LQA@=J OAN QPEHEV=@=O LKN CN=J@AO U ?DE?KO

9,7$/ &DVSD &RQWURO HQ 6KDPSRR DFRQGLFLRQDGRU PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

'XDFWLRQ HQ 6KDPSRR DFRQGLFLRQDGRU OLWUR IO R] &yG

9DORUL]DGR HQ

&$%(//2 3,(/

'( '(6&8(172

/,752

/LPSLD \ DFRQGLFLRQD D OD YH]

&RPEDWH OD FDVSD FRQ 3LULWLRQDWR GH =LQF \ DORH

$17, &$63$

KI>=PA H= ?=OL= ?KJ LENEPEKJ=PK @A VEJ?

$QIA?P= ?KJ =HKA

'8$&7,21

(EILE= U =?KJ@E?EKJ= AJ QJ L=OK

"채NIQH= E@A=H L=N= PK@= H= B=IEHE=

(KKG Ó =NA

@AIbO @A KBNA?ANPA AH HKKG MQA >QO?=O OA LNAK?QL= LKN H= O=HQ@ @A PQ ?=>AHHK

5(3$5$&,Ä1

.AL=N= AH ?=>AHHK @=ã=@K LKN AH QOK @A MQßIE?KO LH=J?D= OA?=@KN= U PEJPAO

,NAREAJA H= ?=ß@= @AH ?=>AHHK LKN MQEA>NA

*K OA MQÛ D=?ANÎÎÎ IE ?=>AHHK HQ?A OEJ RE@=

!O ABA?PK @A H= LH=J?D= AH PEJPA HKO MQßIE?KO AP? 1PEHEV= H= HßJA= .AL=N=?EäJ !TPNAI= L=N= @ARKHRANHA H= O=HQ@ REP=HE@=@ U >NEHHK @AO@A H= LNEIAN= =LHE?=?EäJ

)A CQOP= AH HKKG @A IE ?=>AHHK

LANK HQ?A KL=?K

z =>AHHK OEJ >NEHHK (= HßJA= NEHHK )bTEIK BKNI= QJ= LAHß?QH= OK>NA ?=@= DA>N= @A PQ ?=>AHHK L=N= MQA HQV?= ?KIK QJ AOLAFK MQA NA AF= H= HQV ?KIK JQJ?= =JPAO

)E H=?A=@K @A O=HäJ JQJ?= @QN= HK MQA AOLANK

DKN= D=V MQA PQ HEOK @QNA IbO U PAJC= OEAILNA AH =?=>=@K @A O=HäJ MQA P=JPK PA CQOP= .A?QAN@= QPEHEV=N H= HßJA= ?KILHAP= (EOK >OKHQPK U RANbO HKO NAOQHP=@KO

!H BNEVV U AH RKHQIAJ D=?AJ IEO NEVKO EJ?KJPNKH=>HAOÎ

/A =?=>=NKJ HKO LNK>HAI=O LKN NEVKO NA>AH@AO KJ H= HßJA= .EVK !TPNAIK @A JAO U ?KJPNKH=O PQO NEVKO *E H= DQIA@=@ JE AH BNEVV OANbJ QJ LNK>HAI=

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

/,62

=>AHHK RA?AO IbO >NEHH=JPA ,NKPACA PQ ?=>AHHK @A H= LKHQ?EäJ

=>AHHK RA?AO IbO HEOK

,NKPACA AH ?=>AHHK @A HKO @=ãKO ?=QO=@KO LKN AH QOK @A LH=J?D=O

5,=2

/22. &$5( 6KDPSRR HVSHFLDOL]DGR PO IO R] 5HSDUDFLyQ ([WUHPD &yG %ULOOR 0i[LPR &yG /LVR $EVROXWR &yG 5L]R ([WUHPR &yG 9DORUL]DGR HQ F X F X

$FRQGLFLRQDGRU HVSHFLDOL]DGR PO IO R] 5HSDUDFLyQ ([WUHPD &yG %ULOOR 0i[LPR &yG /LVR $EVROXWR &yG 5L]R ([WUHPR &yG 9DORUL]DGR HQ F X F X

.EVKO RA?AO IbO @ABEJE@KO

KJPNKH= AH BNEVV

'( '(6&8(172

&$%(//2 3,(/

%5,//2

!H =?=>=@K MQA PQ HKKG JA?AOEP= !H ?QE@=@K L=N= QJ HKKG AOLA?P=?QH=N ?KJPEJé= HQACK @AH OD=ILKK U =?KJ@E?EKJ=@KN /22. &$5( /LVR $EVROXWR &UHPD SDUD SHLQDU PO IO R] &yG

9DORUL]DGR HQ

,QWHQVL´ FD WX ODFHDGR \ SHUPLWH XQ SHLQDGR PiV SURIHVLRQDO

'H´ QH WXV UL]RV \ SHUPLWH XQ SHLQDGR PiV SURIHVLRQDO

GH GHVFXHQWR

5L]R ([WUHPR &UHPD SDUD SHLQDU PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

5HVWDXUD WX FDEHOOR GHO GDxR SURYRFDGRV SRU TXtPLFRV VHFDGRUD SODQFKD \ WLQWHV

5HSDUDFLyQ ([WUHPD 0DVFDULOOD GREOH UHSDUDFLyQ QRFWXUQD PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

/RFLyQ UHVWDXUDGRUD GH SXQWDV PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

%ULOOR 0i[LPR 6SUD\ PD[LPL]DGRU GH EULOOR PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

5HVWDXUD ODV SXQWDV SDUWLGDV \ ODV VHOOD 3URWHJH WX FDEHOOR GH ORV HIHFWRV GHO VRO

,QFUHPHQWD HO EULOOR GH WX FDEHOOR \ D\XGD D GHMDUOR VXDYH \ VHGRVR

&$%(//2 3,(/

(= LNKPA??EäJ E@A=H L=N= QJ @ß= EJPAJOK

'( '(6&8(172 (1 /26 '(62'25$17(6 727$/ 6(&

$=OP= DKN=O @A LNKPA??EäJ ?KJPN= H= PN=JOLEN=?EäJ U AH I=H KHKN

727$/ 6(& 'HVRGRUDQWH DQWLWUDQVSLUDQWH UROO RQ VLQ DOFRKRO PO IO R] 8QLVH[ &yG +RPEUH &yG 0XMHU &yG 9DORUL]DGR HQ F X F X

K V

'( '85$&,Ä1

KRPEUH XQLVH[ PXMHU

)UDJDQFLD QHXWUD

5HIUHVFDQWH IUDJDQFLD PDVFXOLQD

'HOLFDGR DURPD µ RUDO

AO?Q>NA QJ= JQAR= BNAO?QN= AJ PQ LEAH

-QA =@AIbO H= @AF= OQ=RA U LANBQI=@=

EOBNéP=H=

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

7DOFRV SHUIXPDGRV J R] 9DORUL]DGRV HQ F X F X

2)(57$ )$0,/,$

0DQWLHQHQ WX SLHO IUHVFD \ OD SHUIXPDQ

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

/=HP= ?=IEJ= ?KNNA

/E OEAJPAO HKO LEAO BNAO?KO U HECANKO J=@= PA @APAJ@Nb

3URWHJH GH OD WUDQVSLUDFLyQ \ GHO PDO RORU SRU KRUDV

7DOFR SDUD SLHV J R]

7DOFR SDUD SLHV J R]

7DOFR SDUD SLHV J R]

&yG

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

&$%(//2 3,(/

=HA QJ IANA?E@K @AO?=JOK = PQO LEAO

'( '(6&8(172

/EÃ&#x203A;JPAHKO OQ=RAO U HECANKO 6XDYL]D \ UHIUHVFD &RQ H[WUDFWR GH RUTXtGHD ODYDQGD \ PHQWRO

(OLPLQD FDOORV \ DVSHUH]DV &RQ H[WUDFWR GH DYHQD iFLGR VDOLFtOLFR \ PHQWRO

(OLPLQD LPSXUH]DV \ FpOXODV PXHUWDV &RQ FiVFDUD GH QXH] SLHGUD SyPH] \ PHQWRO

/Ã&#x20AC;1($ 3$5$ 3,(6 &UHPD H[IROLDQWH SDUD SLHV J R]

&UHPD KXPHFWDQWH J R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

&UHPD SDUD SLHV FRQ DVSHUH]DV \ FDOORVLGDGHV J R] &yG

9DORUL]DGR HQ

,NKPA??EäJ L=N= QJ @ß= HHAJK @A =??EäJ $=C=O HK MQA D=C=O Pé OKHK OAJPENbO AH =CN=@=>HA =NKI= @A PQ BN=C=J?E= B=RKNEP=

3DUD HOOD

78 2)(57$ (675(//$

F X 3DUD pO

18(92

8QLVH[

/,752

1J= ?NAI= ?KJ 0+ + HK MQA PQ LEAH JA?AOEP=

%HQH´ FLRV SDUD WRGR WX FXHUSR

$QIA?P= *QPNA .AREP=HEV= /Q=REV= ARQAHRA H= BENIAV= UQ@= = LNKPACAN @AH IA@EK =I>EAJPA

6L GHVHDV FRPSUDU VROR HO 7ULSOH $FFLyQ 0D[ /RFLyQ GH EHOOH]D SDUD HO FXHUSR VLQ FRQGLFLyQ GH SURPRFLyQ StGHOR FRQ HO &yG 3UHFLR

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

35202&,Ã&#x201E;1 /RFLyQ SDUD HO FXHUSR D VyOR

&yG

3RU OD FRPSUD GH XQ SURGXFWR GH ODV SiJ

75,3/( $&&,Ã&#x201E;1 0$; /RFLyQ GH EHOOH]D SDUD HO FXHUSR OLWUR IO R] 9DORUL]DGR HQ

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

)E =IKN PAJCK QJ =JPKFEPK

z/A PA D=?A ?KJK?E@= AOP= BN=OA /AJPEN =JPKFKO AO OéLAN ?KIéJ AJ AH AI>=N=VK

LNAJ@A = E@AJPEBE?=N OQO ?=QO=O U @EOBNéP=HKOÎ

KJOEÛJPAIA

/KJ H=O DKNIKJ=O

)E ?QANLK HK LE@A

5K IA ?QE@K

HCQJKO =JPKFKO LQA@AJ PAJAN ?=QO=O LOE?KHäCE?=O ,KN AFAILHK MQA PQ L=NAF= PA ?KJOEAJP= =UQ@= = ?=HI=N AH JANREKOEOIK J=PQN=H MQA LQA@AO OAJPEN @QN=JPA AH AI>=N=VK

+PNKO =JPKFKO LQA@AJ PAJAN ?=QO=O DKNIKJ=HAO A DA?DK H=O DKNIKJ=O OKJ H=O MQA PA D=?AJ OAJPEN IbO OAJOE>HA @QN=JPA AH AI>=N=VK

"EJ=HIAJPA =HCQJKO =JPKFKO OKJ ?=QO=@KO LKN JA?AOE@=@AO @A PQ LNKLEK ?QANLK ,KN AFAILHK OE JA?AOEP=O REP=IEJ= PA LNKRK?=Nb IQ?DßOEIK ?KIAN J=N=JF=O U BNAO=O

0AJ AJ ?QAJP= MQA =HCQJKO =JPKFKO LQA@AJ D=?AN @=ãK = PQ >A>Û OK>NA PK@K OE OKJ IQU =HPKO AJ =Vé?=N K O=H

.A?QAN@= MQA ?KJ IK@AN=?EäJ HKO =JPKFKO OA @EOBNQP=J IbOÎ

SURPRFLyQ 7DSHWH 3OD\ 0DW SiJ

7DOFR FRQ IpFXODV GH PDt] J R] &yG

'( '(6&8(172

9DORUL]DGR HQ

6KDPSRR FRQ PDQ]DQLOOD \ DFHLWHV GH DOJRGyQ OLWUR IO R] &yG

9DORUL]DGR HQ

0DQWLHQH VXDYH \ VHFD VX SLHO GHMiQGROR FyPRGR \ IUHVFR WRGR HO GtD

GH D PHVHV

/,752

/H GDUi D VX FDEHOOR FODUR EULOOR \ VXDYLGDG

1,f26 %(%e6

$*Ã&#x2021;

!H IAFKN ?QE@=@K L=N= PQ NA?EÃ&#x203A;J J=?E@K

7LHUQR DURPD QDWXUDO FRQ IyUPXOD VXDYH \ YLWDPLQD ( HVSHFLDO SDUD HO UHFLpQ QDFLGR

'( '(6&8(172

&RQ DYHQD \ SURWHtQDV GH OHFKH TXH GHMDQ VX SLHO VXDYH \ SURWHJLGD WRGR HO GtD

GH D PHVHV

$*Ã&#x2021; 0i[LPR &XLGDGR &RORQLD VLQ DOFRKRO PO IO R] &yG

9DORUL]DGR HQ

SURPRFLyQ 7DSHWH 3OD\ 0DW SiJ

&UHPD FRUSRUDO KXPHFWDFLyQ KRUDV J R]

&UHPD FRUSRUDO KXPHFWDFLyQ KRUDV J R]

&yG

&yG

9DORUL]DGR HQ

$ 0,7$'

-QÛ NE?K R= = @KNIEN

KILNQÛ>=HKÎÎÎ

1,f26 %(%e6

*=@= IbO NAH=F=JPA L=N= PQ >A>Û MQA QJ @AHE?EKOK >=ãK PE>EK ?KJ Cé =>U .AH=T

'( 35(&,2 /,752

8Q VROR SURGXFWR TXH FXLGD VX FDEHOOR \ FXHUSR \ DGHPiV OR UHODMD ,GHDO SDUD HO EDxR DQWHV GH GRUPLU

GH D PHVHV

$*Ç %$%< 5(/$; 6KDPSRR SDUD FDEHOOR \ FXHUSR OLWUR IO R] &yG

9DORUL]DGR HQ

0A R= = CQOP=N LKNMQA

/Q NE?K =NKI= @AF= = PQ >A>Û HEOPK L=N= @KNIEN

0EAJA EJCNA@EAJPAO MQA LNKPACAJ OQ LEAH U ?=>AHHK

!O QJ= HßJA= AOLA?E=H MQA PEAJA PK@K L=N= PQ >A>Û

/,752

7LHUQR DURPD µ RUDO FRQ QRWDV GH MD]PtQ \ YDLQLOOD TXH UHIUHVFD \ UHODMD D WX EHEp

/,752

3URWHJH VX SLHO FRQ IpFXODV GH PDt] DORH PDQ]DQLOOD µ RUHV GH D]DKDU \ FDQHOD

8Q VROR SURGXFWR TXH FXLGD VX FDEHOOR \ SLHO LGHDO SDUD HO EDxR DQWHV GH GRUPLU

'( '(6&8(172

GH D PHVHV

$*Ã&#x2021; %$%< 5(/$; &RORQLD OLWUR IO R]

7DOFR J R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

SURPRFLyQ 7DSHWH 3OD\ 0DW SiJ

6KDPSRR SDUD FDEHOOR \ FXHUSR OLWUR IO R] &yG

9DORUL]DGR HQ

35202&,Ã&#x201E;1 7DSHWH 3OD\ 0DW D VROR

&yG

3RU OD FRPSUD GH XQ SURGXFWR GH OD OtQHD $J~

7DSHWH 3OD\ 0DW 7DSHWH GH MXHJRV SDUD QLxRV GREOH XVR TXH VH FLHUUD SDUD JXDUGDU \ WUDQVSRUWDU MXJXHWHV 0HGLGDV [ FP 9DORUL]DGR HQ

&RQ DVDV HQ ORV ODGRV

6L GHVHDV FRPSUDU VROR HO 7DSHWH 3OD\ 0DW VLQ FRQGLFLyQ GH SURPRFLyQ StGHOR FRQ HO &yG 3UHFLR

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

/,752

6XDYH DURPD FtWULFR TXH OR UHIUHVFD D WRGD KRUD

)527$ $48À < 6,(17( (/ $520$ '( /$ &2/21,$ )5(6&$ (1 78 3,(/

{-QÛ BNAOMQEPK OA OEAJPA IE >A>ÛÎ .ABNÛO?=HK AJ ?Q=HMQEAN IKIAJPK @AH @ß= ?KJ AOP=O NEMQßOEI=O ?KHKJE=O @A CN=J ?=L=?E@=@

SURPRFLyQ 7DSHWH 3OD\ 0DW SiJ

78 2)(57$ (675(//$ /,752

$*Ã&#x2021; &RORQLD IUHVFD OLWUR IO R] &yG

&RORQLD FRQ IORUHV GH PDQ]DQLOOD OLWUR IO R] &yG 7LHUQR DURPD FRQ µ RUHV GH PDQ]DQLOOD TXH OR GHMDUi IUHVFR \ UHODMDGR

9DORUL]DGDV HQ F X

F X

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ '( /$ &2/21,$ &21 )/25(6 '( 0$1=$1,//$ (1 78 3,(/

{-QÛ HEILEK U CQ=LK AOPbÎ !H LK@AN @A PQ DEFK AO OQ OéLAN AJANCß= JßI=HK = O=HR=N AH IQJ@K ?KJ KI=J@K "KN?A MQA HK @AF= HEILEK U ?KJ QJ =NKI= NEMQßOEIK

SURPRFLyQ &ROODU 0LQLFKLFVWDU R &DGHQD )RUFH &RGH SiJ

1,f26 %(%e6

'( '(6&8(172

5HIUHVFDQWH DURPD SDUD VXSHUKpURHV TXH GHVLQWHJUD D ORV 0XJU\[

3HUPLWH KDFHU ORV SHLQDGRV PiV GLYHUWLGRV \ PRGHUQRV

0i[LPD HVSXPD TXH HOLPLQD WRGR UDVWUR GH VXFLHGDG HQ HO FDEHOOR

8Q KXUDFiQ GH IUHVFXUD FRQ DURPD D GHOLFLRVDV IUXWDV

&20$1'2 )25&( $URPD[ &RORQLD PO IO R]

6SXPDWDN 6KDPSRR HQ PO IO R]

3DUDJHOL[ *HO J R]

;SODVK &RORQLD PO IO R]

&yG

&yG

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

$ 0,7$'

'( 35(&,2

0RGHUQR DURPD µ RUDO IUXWDO VROR SDUD FKLFDV FRRO

(EJ@= U IQU B=ODEKJ Oß MQA@= PQ LAMQAã= LNEJ?AO= ?KJ )EJE DE?O

SURPRFLyQ &ROODU 0LQLFKLFVWDU R &DGHQD )RUFH &RGH SiJ

8Q DURPD GH GHOLFLRVDV µ RUHV \ IUXWDV SDUD ODV FKLFDV PiV IDVKLRQ

0,1, &+,&6 5XEL 'LYLQH &RORQLD FRQ FKLVSHDQWHV HVWUHOODV PO IO R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

&DQG\ \ .HOO\ 6KDPSRR PDQ]DQLOOD HQ PO IO R]

7LQD 'DQFH 'HVHQUHGDQWH PiJLFR PO IO R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

7LQD \ /LVD *HO FRQ FKLVSLWDV SDUD HO FDEHOOR PO IO R]

1,f26 %(%e6

.HOO\ 7HFK &RORQLD FRQ FKLVSHDQWHV HVWUHOODV PO IO R]

&yG

9DORUL]DGR HQ

&DQG\ 6ZHHW /RFLyQ SDUD HO FXHUSR FRQ FKLVSLWDV PO IO R] &yG

9DORUL]DGR HQ

3DUD TXH HOOD SXHGD OXFLU HO SHLQDGR PiV GLYHUWLGR \ FRQ EULOORV PX\ PRGHUQRV

&RQ PDQ]DQLOOD \ SURWHtQDV GH WULJR UHVDOWD HO FRORU QDWXUDO GHO FDEHOOR FODUR

'HVHQUHGD HO FDEHOOR OH GD XQ EULOOR IDEXORVR \ OR GHMD OLVWR SDUD ORV SHLQDGRV PiV OLQGRV

'HMD VX SLHO PX\ VXDYH FRQ XQ RORU ULTXtVLPR \ FRQ SUHFLRVRV EULOORV

0DQWLHQH VX FDEHOOR OLVLWR \ VHGRVR

,=N= MQA PQO ?KJOAJPE@KO AOPÃ&#x203A;J OEAILNA HEJ@KO

1O= HKO OD=ILKKO U H=O ?KHKJE=O ?KJ PK@= H= @ERANOEäJ @A $=LLU HQ>

+$33< &/8% 'HOIL 6SODVK 6KDPSRR FDEHOOR OLVR HQ PO IO R] &yG

1XU\ *OXE\ 6KDPSRR FDEHOOR RQGXODGR HQ PO IO R]

'HVHQUHGD DO Pi[LPR VX FDEHOOR RQGXODGR \ OR GHMD KHUPRVR

&yG

9DORUL]DGRV HQ F X F X

6X ULFR DURPD D QDUDQMD OD YD D GHMDU ROLHQGR GHOLFLRVR

&RFR]LxR &RORQLD SDUD QLxRV PO IO R] &yG

+LSRSRYD &RORQLD SDUD QLxDV PO IO R] &yG

9DORUL]DGDV HQ F X F X 6X DURPD D OLPyQ OR KDUi VHQWLUVH PX\ IUHVFR GHVSXpV GHO EDxR

SURPRFLyQ &ROODU 0LQLFKLFVWDU R &DGHQD )RUFH &RGH SiJ

35202&,Ã&#x201E;1 &ROODU 0LQLFKLFVWDU &yG

R FDGHQD )RUFH &RGH &yG D VyOR

F X

SRU OD FRPSUD GH XQ SURGXFWR GH QLxRV GH OD SiJ D OD

'LMH UHYHUVLEOH

%ULOOD HQ OD RVFXULGDG

(Q EDxR SODWHDGR \ FRQ OLQGRV FULVWDOHV PRUDGRV &DGHQD HQ EDxR SODWHDGR \ GLMH FRQ HVPDOWH SLQWDGR D PDQR 18(675$ %,-287(5,( (6

/,%5( '( 3/202

6L GHVHDV FRPSUDU VROR HO FROODU SDUD QLxD VLQ FRQGLFLyQ GH SURPRFLyQ

StGHOR FRQ HO &yG 3UHFLR 6L GHVHDV FRPSUDU VROR OD FDGHQD SDUD QLxR VLQ FRQGLFLyQ GH SURPRFLyQ

StGHOD FRQ HO &yG 3UHFLR

&ROODU 0LQLFKLFVWDU SDUD QLxD /LQGR FROODU SDUD OOHYDU D 5XEL 'LYLQH \ 7LQD 'DQFH VLHPSUH FRQWLJR /DUJR FP 0HGLGDV DSUR[ GHO GLMH [ FP 9DORUL]DGR HQ

1R LQFOX\H RWUDV SURPRFLRQHV UHJDORV QL PXHVWUDV 3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

18(9$ &DGHQD )RUFH &RGH SDUD QLxR (O GLMH WLHQH OD LPDJHQ GH &RPDQGR )RUFH \ VX ERUGH EULOOD HQ OD RVFXULGDG 0HGLGDV DSUR[ [ FP 9DORUL]DGR HQ

18(92

(VWXFKH GH DQLOORV HQ EDxR GH RUR \ GH SODWD FRQ SHUOD HVPDOWH SLQWDGR D PDQR \ SLHGUDV

&ROODU 3HTXHxD IH ,QFOX\H GLMH FRQ IRUPD GH DQJHOLWR 0HGLGDV DSUR[ [ FP &yG

9DORUL]DGR HQ

(VWXFKH GH DQLOORV 6XQQ\ %XQQ\ ,QFOX\H DQLOORV FRQ IRUPDV GH IORU GH FRUD]yQ \ GH FRQHMR 7DOOD UHJXODEOH &yG

9DORUL]DGR HQ

&ROODU HQ EDxR GH RUR \ GLMH FRQ XQ FULVWDO WUDVO~FLGR

(VWXFKH 7RUWXJXLWD ,QFOX\H FROODU \ DUHWHV HQ XQ OLQGR HVWXFKH GH PDWHULDO WLSR WHUFLRSHOR /DUJR DSUR[ FP 0HGLGDV GHO GLMH [ FP &yG

9DORUL]DGR HQ

SURPRFLyQ &ROODU 0LQLFKLFVWDU R &DGHQD )RUFH &RGH SiJ

(Q EDxR SODWHDGR FRQ HVPDOWHV SLQWDGRV D PDQR \ OLQGRV FULVWDOHV URVDGRV

18(675$ %,-287(5,( (6

/,%5( '( 3/202

18(9$ 1,f26 %(%e6

&2/(&&,Ã&#x201E;1 6:((7 %$/(5,1$ &ROODU

&RQ GLMH GH ]DSDWLWRV GH EDOOHW \ FRUD]yQ 0HGLGD DSUR[ GHO GLMH [ FP &yG

0½6 '(

9DORUL]DGR HQ

'( '(6&8(172

3XOVHUD

,QFOX\H XQ GLMH FHQWUDO GH ]DSDWLOODV GH EDOOHW \ GRV GLMHV GH FRUD]RQHV FRQ SHUODV EODQFDV 0HGLGD DSUR[ FP &yG

9DORUL]DGR HQ

(Q EDxR SODWHDGR FRQ HVPDOWHV \ OLQGDV SHUODV

18(9$ (VWXFKH GH DUHWHV /RYH %DOOHW

,QFOX\H SDUHV GH DUHWHV XQR ODUJR \ GRV FRQ IRUPDV GH OD]R \ FRUD]yQ &yG

9DORUL]DGR HQ

(Q EDxR SODWHDGR FRQ HVPDOWHV SLQWDGRV D PDQR FULVWDOHV \ SHUODV

&202 5(&,e1 6$/,'2 '( /$ '8&+$ ^OEG= )AJ "NAOD )bTEI= BNAO?QN= ?Q=J@K IbO HK JA?AOEP=

18(9$

PO

'( '(6&8(172

(A R= = CQOP=N LKNMQA

0EAJA QJ IK@ANJK U NAOEOPAJPA AJR=OA @A CN=J ?=L=?E@=@

!O E@A=H L=N= HHAR=NH= AJ AH I=HAPßJ @ALKNPERK K =H PN=>=FK

0EAJA QJ NABNAO?=JPA =NKI= NAREP=HEV=JPA

e6,.$ 0(1 )UHVK %RG\ VSODVK UHIUHVFDQWH PO IO R] &yG

9DORUL]DGR HQ

SURPRFLyQ 7ULSOH $FFLRQ / SiJ

&RORQLD )UHVFDV QRWDV GH EHUJDPRWD PHQWD WRURQMD \ ODYDQGD TXH UHIUHVFDQ \ UHFDUJDQ GH HQHUJtD

&$%(//2 3,(/

$ 0,7$'

6KDPSRR HQ /LPSLD SURIXQGDPHQWH \ D\XGD D SUHYHQLU OD FDVSD

6KDPSRR 0i[LPD )XHU]D 5HGXFH OD FDtGD GHO FDEHOOR HQ XQ

'( 35(&,2

*HO SDUD HO FDEHOOR %ULQGD Pi[LPD ´ MDFLyQ \ KXPHFWDFLyQ

6KDPSRR PXOWLDFFLyQ HQ PO IO R]

6KDPSRR Pi[LPD IXHU]D PO IO R]

*HO ILMDGRU SDUD HO FDEHOOR J R]

&yG

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

9DORUL]DGR HQ

&DtGD GHO FDEHOOR SRU TXLHEUH UHVXOWDGRV D SDUWLU GH OD WD ODYDGD YV HO FRQWURO EDVDO

0RGHOR GHSRUWLYR FRQ PDUFR \ EUD]RV JULV FRQ QHJUR /HQWHV FRORU KXPR

*DIDV %DXHUV SDUD SDSi &yG

9DORUL]DGR HQ

+DVWD DJRWDU VWRFN

3527(&&,Ã&#x201E;1 &2175$ /26 5$<26

89

0DUFR \ EUD]RV GH PHWDO FRORU GRUDGR FRQ DFDEDGR PDWH \ OHQWHV FRORU PDUUyQ

*DIDV *ROGHU &yG

9DORUL]DGR HQ

7RGDV QXHVWUDV JDIDV YLHQHQ FRQ HVWXFKH

SURPRFLyQ 3XOVHUDV SiJ

3527(&&,Ã&#x201E;1 &2175$ /26 5$<26

89

e/ e/

(67,/2 48( 9$ &21 e/

0½6 '(

'( '(6&8(172

18(92 5HORM 6NURQH

3LH]D FHQWUDO \ FRUUHD GH PHWDO SODWHDGDV 'LDO QHJUR FRQ HIHFWR WRUQDVRODGR

5HORM 1HZPDQ &yG

9DORUL]DGR HQ

&yG

9DORUL]DGR HQ

3LH]D FHQWUDO SODWHDGD PDWH GLDO GRUDGR \ FRUUHD GH FXHUR YHUGH RVFXUR

7RGRV QXHVWURV UHORMHV FXHQWDQ FRQ JDUDQWtD GH PHVHV \ YLHQHQ HQ HVWXFKH

'26 )5$*$1&,$6 3$5$ (/ +20%5( 02'(512 &$5',*$1 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

+,*+:$< &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

+HUEDO 0RGHUQR 2ULJLQDOHV QRWDV GH KRMDV GH PHQWD IUHVFD ODYDQGD FLSUpV \ YHWLYHU

0DGHURVR 0RGHUQR $XGDFHV QRWDV GH PXVN WRQND \ YHWLYHU LQYLWDQ D YLYLU LQWHQVDPHQWH

e/ e/ ' 256$< &/$66 &RORJQH DWRPLVHXU PO IO R]

' 256$< &RORJQH DWRPLVHXU PO IO R]

&yG

&yG

9DORUL]DGR HQ

9DORUL]DGR HQ

'( '(6&8(172 (1 'C256$< &/$66 < 'C256$<

+HUEDO (OHJDQWH 6R´ VWLFDGDV QRWDV GH VDOYLD \ ODYDQGD VH PH]FODQ FRQ OD LUUHVLVWLEOH IXVLyQ GH ViQGDOR FHGUR \ YHWLYHU

+HUEDO (OHJDQWH 6R´ VWLFDGRV DFRUGHV GH UREOH YHUEHQD \ YHWLYHU

DURPDV 0%2+/

$/7+(86 &RORJQH DWRPLVHXU PO IO R]

$9(17285 &RORJQH DWRPLVHXU PO IO R]

&yG

9DORUL]DGR HQ

&yG

GH GHVFXHQWR

+HUEDO $FWLYR 'LQiPLFD IUHVFXUD FRQ YLJRURVDV QRWDV GH ODYDQGD

0DGHURVR $FWLYR %ULVDV GH OLPyQ DXVWUDOLDQR \ FHGUR LQYLWDQ D OD DYHQWXUD

e/ e/

'( '(6&8(172 (1 )25=(

)25=( &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

/26 /Ã&#x20AC;0,7(6 621 3$5$ 5203(56(

0DGHURVR $FWLYR 3RWHQWHV QRWDV GH OLPyQ WRQND \ FHGUR EODQFR

"KNVA L=N= AH DKI>NA MQA JQJ?= OA @APEAJA

DURPDV 0%2+/

62/2 +$< 81$ )250$ '( 9,9,5 $/ (;75(02

PNARANOA =NNEAOC=N @EOBNQP=N

?KJ 3EJJAN /LKNP

78 2)(57$ (675(//$

:,11(5 63257 &RORJQH DWRPLVHXU PO IO R]

+HUEDO $FWLYR (QpUJLFDV QRWDV FtWULFDV FHGUR YHWLYHU \ PXVN

&yG

9DORUL]DGR HQ

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ (1 78 3,(/

DURPDV /! 1 0+.!/

+HUEDO 6HGXFWRU ,QWHQVDV QRWDV FtWULFDV \ DSDVLRQDQWH ViQGDOR \ SDWFKRXOL

6$/9$-( &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

(VSHFLDGR 6HGXFWRU 1RWDV GH PXVN \ EHUJDPRWD VH XQHQ HQ XQ H[FLWDQWH DURPD

67521* 086. &RORJQH PO IO R] &yG

9DORUL]DGR HQ

&yG

9DORUL]DGR HQ

'( '(6&8(172 (1 38/62

'(0$6,$'2 ,55(6,67,%/(

+HUEDO 6HGXFWRU (QYROYHQWHV DFRUGHV GH FDUGDPRPR WDEDFR \ VHGXFWRU FHGUR URMR

,QHOK AH OA?NAPK @A OA@Q??EäJ @A DNEOPE=J )AEAN

e/ e/

38/62 &+5,67,$1 0(,(5 &RORJQH DWRPLVHXU PO IO R]

DURPDV /! 1 0+.!/

/$ 7(03(5$785$ 68%( &8$1'2 e/ 6( $&(5&$ )2*26 (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

+HUEDO 6HGXFWRU 3DWFKRXOL \ FDUGDPRPR VH XQHQ HQ OD PiV LUUHVLVWLEOH HVHQFLD PDVFXOLQD

&yG

9DORUL]DGR HQ

'( '(6&8(172 (1 %5$9À2

,1'20$%/( %JPAJOK ?KIK OQ LANOKJ=HE@=@ OQ AOLßNEPQ

U OQ =NKI=

)527$ $48À < 6,(17( (/ $520$ '( %5$9À2 (1 78 3,(/

0DGHURVR 6HGXFWRU $URPD FRQ LQWHQVR FXHUR \ VHGXFWRUDV QRWDV GH iPEDU \ PDGHUD

e/ e/

%5$9À2 &+5,67,$1 0(,(5 &RORJQH DWRPLVHXU PO IO R]

(/(*,5 81$ )5$*$1&,$ $/ $=$5" -$0½6

2 $' &, ( 3 (6

62 2 (5 $' 0

62 2 (5 ' $ 0

&À 75 ,& 2

0$'(5262

+(5%$/

&À75,&2

&À75,&2

(63(&,$'2

2 ,& 75 &À

+( 5% $/

$/ 5% +(

7,9 $&

6(

'8 2 &7 51 25 (

'

2

0

2 $' &, 3( (6

(/ (* $1 7(

!J AH >=JE?K @A NKI=O @A ^OEG= AJ?QAJPN= OQ BN=C=J?E= E@A=H

+(5%$/

0$'(5262

(63(&,$'2

«O=HK =Oß 1>E?= QJK @A HKO CNQLKO OACéJ OQ AOPEHK !HAC=JPA )K@ANJK /A@Q?PKN K ?PERK

(QACK AHECA AH =NKI= OACéJ H= B=IEHE= KHB=PER= !OLA?E=@K )=@ANKOK $AN>=H K ßPNE?K

!OP=O OAã=HAO PA CQE=NbJ = AJ?KJPN=N AH =NKI= MQA >QO?=O AJ AH ?=PbHKCK DURPDV !(!# *0!/

,PSHULXP $]DEDN '­RUVD\ '­RUVD\ &ODVV

DURPDV )+ !.*+/

:LQQHU %ODFN +LJKZD\ &DUGLJDQ

DURPDV /! 1 0+.!/

6WURQJ 0XVN 9DQLOOD +RPEUH :LQQHU 7RQLJKW 9HKHPHQFH SDUD pO ,PiQHP %UDYtR 9DOHUXV 0D[ ([XV 3XOVR 6DOYDMH )RJRV

DURPDV 0%2+/

$YHQWRXU )RU]H :LQQHU 6SRUW $OWKHXV ,W­V <RX ,W­V <RX /LYH

e/ e/

'( '(6&8(172 (1 :,11(5 721,*+7

DURPDV /! 1 0+.!/

(VSHFLDGR 6HGXFWRU /D LQWHQVLGDG GHO ViQGDOR \ HO FDVKPqUH VH FRPELQDQ HQ XQD IUDJDQFLD LUUHVLVWLEOH

0,67(5,26$ $75$&&,Ã&#x201E;1 ,0½1(0 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

GH GHVFXHQWR

e/ e/

'( '(6&8(172 (1 (;86

+HUEDO 6HGXFWRU 9LULOHV QRWDV GH FXHUR ODYDQGD \ HVHQFLDV FtWULFDV

(;86 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ

9,5,/ )8(57( 6('8&725

!TQO AOAJ?E= @A DKI>NA

)527$ $48Ã&#x20AC; < 6,(17( (/ $520$ '( (;86 (1 78 3,(/

72'2 81 $520$ "NAO?K EIL=?P=JPA H= IbO RENEH EJPANLNAP=?E채J @A =?KN@AO @A I=@AN=O NQ>E=O U RAPERAN OA BQJ@AJ ?KJ NAOEJ=O J=PQN=HAO LQN=O U ?QANK L=N= HKCN=N QJ= BN=C=J?E= LKPAJPAIAJPA I=O?QHEJ=

&yG

9DORUL]DGR HQ

'HVRGRUDQWH UROO RQ PO IO R] 9DORUL]DGR HQ

e/ e/

0$; (DX GH WRLOHWWH DWRPLVHXU PO IO R]

35202&,Ã&#x201E;1 'HVRGRUDQWH UROO RQ

D VROR 9DORUL]DGR HQ

&yG 3RU OD FRPSUD GH (DX GH 7RLOHWWH $WRPLVHXU 0D[ PO

0DGHURVR 6HGXFWRU ,PSDFWDQWH \ SRGHURVD PL[WXUD GH PDGHUDV YHWLYHU \ FXHUR

3$5$ 72'2 81 +20%5( /Q IEN=@= EJPAJO= @E?A IbO MQA OQO L=H=>N=O

/ACQNK @ENA?PK U ?KJ L=OK BENIA ?KJOECQA OEJ LNEO= HK MQA OA LNKLKJA *EJCQJ= IQFAN LQA@A NAOEOPENOA = OQ =NKI= LKNMQA OQ AOAJ?E= RENEH @AOLEANP= ?QNEKOE@=@

U =@E??EäJ

18(92 0$; (DX GH WRLOHWWH DWRPLVHXU PO IO R]

'( '(6&8(172

&yG

9DORUL]DGR HQ

0DGHURVR 6HGXFWRU ,PSDFWDQWH \ SRGHURVD PL[WXUD GH PDGHUDV YHWLYHU \ FXHUR

18(9$

81 $520$ '( +20%5(6

'( '(6&8(172

0$; (DX GH WRLOHWWH DWRPLVHXU PO IO R] &RG

9DORUL]DGR HQ

&2/20%,$ & +$= 78 3(','2 $ 75$9e6 '( 78 &2168/725$ 2 //$0$ $ 18(675$ /À1($ '( $7(1&,Ä1 $/ &/,(17( (1 72'2 (/ 3$À6 $/ e6,.$ < '(6'( %2*27½ $/ (67( &$7½/2*2 < 686 35202&,21(6 (67½1 9,*(17(6 +$67$ 35(*Ç17$/( $ 78 &2168/725$ /$6 )(&+$6 (63(&À),&$6 '( 78 5(*,Ä1

1R DSOLFD HO UHWUDFWR GH OD FRPSUD GH SURGXFWRV GH XVR SHUVRQDO VHJ~Q OR GLVSXHVWR SRU HO (VWDWXWR GHO &RQVXPLGRU (Q ORV GHPiV FDVRV HO SOD]R VHUi GH GtDV KiELOHV GHVGH OD HQWUHJD GHO SURGXFWR %HOFRUS RWRUJD OD JDUDQWtD OHJDO HQ ORV WpUPLQRV GHO (VWDWXWR GHO &RQVXPLGRU ,QIyUPDWH VREUH OD SROtWLFD \ HO SURFHGLPLHQWR GH FDPELRV R GHYROXFLRQHV OODPDQGR D OD OtQHD GH DWHQFLyQ DO FOLHQWH R FRQ WX &RQVXOWRUD /RV SURGXFWRV \ SURPRFLRQHV VH DWHQGHUiQ KDVWD DJRWDU HO VWRFN PtQLPR GH XQLGDGHV 6tJXHQRV HQ ZZZ HVLND EL]

ZZZ IDFHERRN FRP HVLND EHOFRUS

ZZZ \RXWXEH FRP (VLND9LGHRV

#(VLND%HOFRUS

,035(6,Ð1 0(752&2/25 6 $

LHQH GH ERVTXHV VXVWHQWDEOHV FHUWLILFDGRV R IXHQWHV FRQWURODGDV