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# NŸŘǼOǼǣ
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ɟŸNjĨrɮƼsNjÞsŘOsǣ
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ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
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ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
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EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
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ƻNjsǣǣ
# NŸŘǼOǼǣ
35(66 ȤȲȸ
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ƻNjŸĠsOǼǣ
EŸȖǼ
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ɟŸNjĨrɮƼsNjÞsŘOsǣ
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DNJNËrĵȖ¶ĶÞŸ˚ǢsǼǼsŎENjsˡ˟ˠ˧
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ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
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DŷǻŷǼǼŸENjsˡ˟ˠ˧
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# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
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DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
# &217$&76
NŸŘǼOǼȖǣ ŷ®®ÝNrʲ ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ əÞ®ÞŸNjÞ˥ˀˡˠ˥˟ˢˤNJƼĶĶŸʹµrʺÝǼĶɴ ÞŘ¯Ÿ˔ŎNjÞŘs_sǣÞ¶ŘʳÞǼ
DȖǣÞŘsǣǣONj_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ ŘɚĶNjOÌÞǼsOǼȖNjs ˓ŎNjÞŘssضÞŘssNjÞض NJs¶ʳǻsOŘʳNƻµrŗɚʳ NjOÌʳŘʳˡˣ˧ ƻsNjÞǼŸǻNjÞEȖŘĶs˚ ǢŸOÞŸǣƻNjŸŗ^Þ
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
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EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
DȖNjsȖ
ǻsŎ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
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ɟŸNjĨrɮƼsNjÞsŘOsǣ
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ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ÝŘǼsNjÞŸNjˀrɮǼsNjÞŸNj_sǣÞ¶ŘʲğŸǣsƼÌ^ÞNjŘ_
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# NŸŘǼOǼǣ
32572),120$5,1(
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# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
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# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
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# NŸŘǼOǼǣ
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# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ËȖĶĶƼNjŸĠsOǼǣ
0\)25&(%/8(
ˡ˟ˠˣǢǼEÞĶÞǼɴŘ_ǣǣÞǣǼŘOs
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
0\6$8'$'(6
ˡ˟˟˧ ˢˤŎǼ NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
˥ˢʰˢ˟ŎǼ
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
0\0$,7,,,
ˡ˟˟ˠ ˢˠʰˤ˟ŎǼ
$/$/81*$F
ˡˢŎǼ
6\0217,*1( ˡ˟ˠˣǢǼEÞĶÞǼɴ ˤ˦ŎǼ
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
EŸȖǼ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
rɮǼsNjÞŸNj_sǣÞ¶ŘʲǢǼȖ_ÞŸǢƼ_ŸĶÞŘÞ ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
7(5,9
ȖŘ_sNjOŸŘǣǼNjȖOǼÞŸŘ ˡ˟ˠ˨ ˡˢʰ˨ˤŎǼ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
0\35(0,(5H
ˠ˥ʰ˦˟ŎǼ ˠ˧ʰ˥˟ŎǼ
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
0\6($&8%(¶
ˠˡʰˤ˟ŎǼ
0\,7$/&5$)7¶
ˢˡŎǼ
ˡˢʰ˦˟ŎǼ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
OǼÞɚÞǼÞsǣ
&DQ<DOPDQH[WHULRUGHVLJQ
ˡ˟ˠ˥˚ˡ˟ˠ˦˚ˡ˟ˠ˧ ˢˡŎǼ
DȖNjsȖ
ǻsŎ
0\180$5,1(
+XOOGHVLJQDQGSURMHFW PDLQVWUXFWXUDOGHVLJQDQG WHFKQLFDODVVLVWDQFHIRU
ɟŸNjĨrɮƼsNjÞsŘOsǣ
EŸȖǼ
0\180$5,1(;3
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
&DQ<DOPDQH[WHULRUGHVLJQ ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ˡ˟ˠˣ ˡ˟ŎǼ ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
0\180$5,1(;3
ˣˣŎǼ
0\180$5,1(;3
ˢˡŎǼ
0\180$5,1(;3 ˡˣŎǼ
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
0\180$5,1(¶ ʹˡ˟ˠˢʺ ˢˡŎǼ
0\180$5,1(¶ ʹˡ˟ˠˢʺ ˡˣŎǼ
0\180$5,1(¶ ʹˡ˟ˠ˥ʺ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
EŸȖǼ
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
+XOOGHVLJQDQGSURMHFW WHFKQLFDODVVLVWDQFHIRU
$35($0$5(*2==2 H¶
ˡ˟ˠ˨
ÝŘǼsNjÞŸNjˀrɮǼsNjÞŸNj_sǣÞ¶ŘʲōNjOŸNǣĶÞǻŸŸ_sǣÞ¶Ř ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
$35($0$5(60(5$/'2¶
ˡ˟˟˨
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
$35($0$5(0$(6752¶
$35($0$5(0$(6752¶
$35($0$5(0$(6752¶ ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
$35($0$5(*2==2¶&RPIRUW2SHQ
$35($0$5(*2==2¶&RPIRUW2SHQ ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
NŸĶĶEŸNjǼÞŸŘɠÞǼÌǢOÌŘǣsÝŘǼsNjÞŸNj^sǣÞ¶ŘǢǼȖ_ÞŸ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ËȖĶĶƼNjŸĠsOǼǣ
ō¶ŘȖŎ˥ˢ˂˚Njs¯ÞǼˡ˟ˠ˥ˀˡ˟ˠ˦
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
VRPH0DLQGHVLJQDQGDVVLVWDQFHIRU
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ō¶ŘȖŎ˥ˢ˂
0\*+267%867(5 ˣ˟ŎǼ 0\,)21/<
0\*+,%/,
0\)250( ō¶ŘȖŎ˥ˢ˂
ō¶ŘȖŎ˥ˢ˂ 0\)5(('20
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
ˡ˟ˠˤ ˡ˥ŎǼ ˡ˟ŎǼ 0\681*($5 ˡ˟ˠ˟
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
0\$6/(&
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
EHIRUH
ǻsŎ
DIWHU
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
rɮǼsNjÞŸNj_sǣÞ¶ŘʲǢǼȖ_ÞŸǢƼ_ŸĶÞŘÞ ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ˡ˟ˠ˥ ˣ˥ʰˢ˟ŎǼ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
0\0$;,0= ˡ˟˟ˡ ˣˢŎǼ
0\,1',3(1'(172)/21'21
Ķs¶ÌǼsŘÞضǼŸˣˡŎǼ ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
0\02175(9(/
6\%$0%$
˧ŎǼ OŸŘǣǼNjȖOǼÞŸŘɴsNjˠ˨ˡ˨ ʹɳOÌǼ^Þ¶sǣǼ ɠNj_¯ŸNjDsǣǼNJsǣǼŸNjsÞŘˠ˨˨˦ʺ
ōĶǼsǣsˤˤ˂
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
EŸȖǼ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ˡ˟ˠ˥ ˠˢʳˤ˟ŎǼ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
6:¶3LORW ˡ˟ˠ˟
6:¶3LORW 0RRULQJ 6:¶ 3LORW 0RRULQJ
6:-HW¶),1&$17,(5,ˡˢŎǼ ˡ˟ˠ˟ ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
6:¶3DWURO%RDW ˠˣŎǼ ˡ˟ˠˢ
6:¶,7$/,$1),5(0$16 ˠˣŎǼ ˡ˟ˠˢ
+\SHUEDULF/LIH%RDW ɟŸNjĨDŸǼǣ ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
EŸȖǼ
OǼÞɚÞǼÞsǣ
DȖNjsȖ
ǻsŎ
# NŸŘǼOǼǣ
ƻNjsǣǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
<2'$
ˢˤŎǼ ǼŸEsEȖÞĶǼ
%/
%/
ËȖĶĶƼNjŸĠsOǼǣ
PULP3$%/,72ˠˣŎǼ
ˡ˟ŎǼ ˡ˟ˠ˟
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
ˡ˟ˠ˟
0
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
IDOFKHWWD
SRQWHGLFRSHUWDDOFHQWUR SRQWHGLFRSHUWDLQPXUDWD
SRQWHGLFRSHUWDDOFHQWUR SRQWHGLFRSHUWDLQPXUDWD
SRQWHGLFRSHUWDDOFHQWUR SRQWHGLFRSHUWDLQPXUDWD &DVVH$FTXD
&DVVH1DIWD
*HQHUDWRUH
NǢǻĵÝ HFROPDU
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,00(56,21( 0$5&$
,00(56,21( 0$5&$
%/
%/ %/
PESDVV$662 ˢ˟ŎǼ
PESDVV6+2&.
ˡˢŎǼ
ˡ˧ʰ˥ˠŎǼ
ˡ˟ˠˠ
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
PESDVVIRU%DWWHOLHUL&DPRJOLˡˢŎǼ
ʹˡ˟ˠ˧ʺ
PESDVV5(/$;ˢ˟ŎǼ
EDUJH1$86$/*21 ˣˤʰˤ˟ŎǼ
VRPH0DLQGHVLJQDQGDVVLVWDQFHIRU
ɟŸNjĨDŸǼǣ ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
DȖNjsȖ
ǻsŎ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ʹˡ˟ˠˡƼNjŸĠsOǼʺ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
P\*5$1'586$/,1$
ʹˡ˟ˠˣƼNjŸĠsOǼʺ
P\0$*180
ʹˡ˟ˠˣƼNjŸĠsOǼʺ
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
&XFLQDSHU9LOOD
ʹˡ˟ˠˤƼNjŸĠsOǼʺ
P\;;;VWHHOERDW ʹˡ˟ˠˢƼNjŸĠsOǼʺ
P\*,1721,&,,
ʹƼNjŸĠsOǼʺ
ŷǼÌsNjƻNjŸĠsOǼǣ
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
P\)HUUHWWL ʹˡ˟ˠ˥NjsĶÞʊǼÞŸŘʺ
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
P\PW
ʹƼNjŸĠsOǼʺ
ŷǼÌsNjƻNjŸĠsOǼǣ
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
%RDW
ʹˡ˟ˠ˦ ƼNjŸĠsOǼʺ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
27$0 ʹˡ˟ˠ˦
ƼNjŸĠsOǼʺ
ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
27$02SHQ
ʹˡ˟ˠ˦ ƼNjŸĠsOǼʺ
ŷǼÌsNjƻNjŸĠsOǼǣ
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
ȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ ŎNjÞŘs_sǣÞ¶Ř˓ǣsNjɚÞOsǣ
EŸȖǼ
ɟŸNjĨrɮƼsNjÞsŘOsǣ
OǼÞɚÞǼÞsǣ
ǻsŎ
DȖNjsȖ
ƻNjsǣǣ
# NŸŘǼOǼǣ
ƻNjŸĠsOǼǣ
ǻsOÌŘÞOĶƼNjŸĠsOǼǣ
ǢȖNjɚsɴ˓ǼsOÌŘÞOĶ ǣǣÞǣǼŘOs
27$0 ʹˡ˟ˠ˦
ƼNjŸĠsOǼʺ
ËȖĶĶƼNjŸĠsOǼǣ
˓ǣǼNjȖOǼȖNjĶ_sǣÞ¶Ř
NJs¯ÞǼǼÞض
˓ÞŘǼsNjÞŸNj_sǣÞ¶Ř
ǻNjŘǣ¯ŸNjŎǼÞŸŘ ˓ĶsضÌǼsŘÞض
27$0
ʹˡ˟ˠ˦ ƼNjŸĠsOǼʺ
08*PW ʹˡ˟ˠ˧ ƼNjŸĠsOǼʺ ɟŸNjĨDŸǼǣ
ƼNjŸĠsOǼ˓NjsǣǼŸNjs
ŷǼÌsNjƼNjŸĠsOǼǣ
&DWDPDUDQRPW ʹˡ˟ˠ˨
ƼNjŸĠsOǼʺ
27$0 ʹˡ˟ˠ˨ ƼNjŸĠsOǼʺ ŷǼÌsNjƻNjŸĠsOǼǣ
ƻŸNjǼ¯ŸĶÞŸ¯ŸNjȕŎEsNjǼŸǻ¶ĶÞɚÞŘÞ˚ŎNjÞŘs_sǣÞ¶ŘŘ_ǣsNjɚÞOsǣEɴNĶNjōŸĶǼs_ŸȖƼ_Ǽs_ˡ˟ˠ˨ĶĶNjÞ¶ÌǼǣNjsǣsNjɚs_
Naval Architecture - Yacht design and Marine engineering _- Our main projects and realizations
Published on Aug 8, 2019
Naval Architecture - Yacht design and Marine engineering _- Our main projects and realizations