Catálogo Ésika Venezuela C14

9(1(=8(/$ &

ÛF=PA HHAR=N = QJ= B=JP=Oß= ZZZ HVLND EL]

KJ H= JQAR= HßJA= AHE?EOOEI= "=JP=Oß= @A "NQPKO .KFKO QJ =NKI= ENNAOEOPE>HA L=N= PK@K AH @ß=

)II BNQPKO NKFKOÎ !TLANEIAJP= AOP= JQAR= "=JP=Oß= @A "NQPKO .KFKO AJ PQ NEPQ=H @A >=ãK @E=NEK

EOBNQP= AH F=>äJ HßMQE@K ATBKHE=JPA

LHE?= H= ?NAI= ?KNLKN=H

(HAR= AOPA =NKI= PK@K AH @ß=

/EAJPA AJ PK@= PQ LEAH H= OQ=RA U NEMQßOEI= PATPQN= @A HKO ATBKHE=JPAO @A =NbJ@=JKO U ?N=J>ANNEAO zRAO HK NAJKR=@= MQA MQA@= !OPb OéLAN =?=NE?E=>HAÎ

=HA OQ=RAO I=O=FAO = PQ LEAH ?KJ H= ?NAI= /EAJPA ?äIK OQ PATPQN= PA AJRQAHRA AJ @AHE?EKO=O AOAJ?E=O MQA PA HHAR=J = OKã=N ?KJ PAJP=@KNAO A ENNAOEOPE>HAO BNQPKO NKFKO

z-QEANAO MQA AOP= NEMQßOEI= ATLANEAJ?E= @A BNQPKO NKFKO @QNA PK@K AH @ß= (HAR= H= ?KHKJE= = @KJ@A R=U=O U éO=H= PK@=O H=O RA?AO MQA MQEAN=OÎ MQÛ NE?KÎ

0Q LEAH PEAJA QJ =NKI= ENNAOEOPE>HA KJ AHE?EOOEI= "=JP=Oß= @A "NQPKO .KFKO

'(/,&,66,0$ )DQWDVtD GH )UXWRV 5RMRV &RORQLD PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV &RORQLD ([WUDFWRV GH FHUH]D \ IUDPEXHVD XQD GHOLFLRVD H[SORVLyQ GH YLWDOLGDG

-DEyQ OtTXLGR H[IROLDQWH PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

&UHPD FRUSRUDO J R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV )527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

18(92 0A R= = CQOP=N LKNMQA AF= PQ LEAH OQ=RA A DE@N=P=@= /Q =NKI= AO ENNAOEOPE>HA /KJ LNK@Q?PKO MQA =JEI=J PQ @ß=

-DEyQ /tTXLGR 5HQXHYD WX SLHO FRQ H[IROLDQWHV GH DUiQGDQRV \ FUDQEHUULHV

'( '(6&8(172

&UHPD FRUSRUDO 7H[WXUDV \ DURPDV GH IUXWRV URMRV FRQYLHUWHQ WX SLHO HQ XQD H[TXLVLWD WHQWDFLyQ

AF= PQ LEAH AHE?EOOEI= KJ AOPKO ENNAOEOPE>HAO =NKI=O @A ?=N=IAHK U ?DK?KH=PA

%V )

/26

$

-DEyQ /tTXLGR 3XUL´ FD \ UHQXHYD WX SLHO FRQ VHPLOODV GH QXH]

9DORUL]DGR HQ %V )

&yG

'(/,&,66,0$ 6XHxRV GH &DUDPHOR &UHPD FRUSRUDO J R] 9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV GHO VHW

&RORQLD PO IO R] 9DORUL]DGR HQ %V ) -DEyQ OtTXLGR H[IROLDQWH PO IO R] 9DORUL]DGR HQ %V ) 6L GHVHDV FRPSUDU ORV SURGXFWRV 'HOLFLVVLPD 6XHxRV GH &DUDPHOR SRU VHSDUDGR StGHORV DVt &UHPD FRUSRUDO &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV &RORQLD &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV -DEyQ OtTXLGR &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV

&UHPD FRUSRUDO &RQ DJHQWHV KXPHFWDQWHV \ HPROLHQWHV VXDYL]DQWHV

6H DWHQGHUi KDVWD DJRWDU VWRFN

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

&RORQLD 5HIUHVFDQWH DURPD GH FDUDPHOR TXH HVWLPXOD WXV VHQWLGRV

$520$6 &UHPD FRUSRUDO &RQ PDQWHTXLOOD GH FDFDR SDUD XQD SLHO VHGRVD \ GHVHDEOH

&RORQLD 6HGXFWRU \ UHIUHVFDQWH DURPD TXH WH OOHQD GH SODFHU

(6(1&,$6

%V )

/26

$

9DORUL]DGR HQ %V )

&yG

XQLGDGHV GLVSRQLEOHV GHO VHW

'(/,&,66,0$ ,UUHVLVWLEOH &KRFRODWH &UHPD FRUSRUDO J R] 9DORUL]DGR HQ %V ) &RORQLD PO IO R] 9DORUL]DGR HQ %V ) -DEyQ OtTXLGR H[IROLDQWH PO IO R] 9DORUL]DGR HQ %V )

-DEyQ /tTXLGR &RQ H[IROLDQWHV GH FDFDR TXH GHMDQ WX SLHO UHQRYDGD \ DFDULFLDEOH

6L GHVHDV FRPSUDU ORV SURGXFWRV 'HOLFLVVLPD ,UUHVLVWLEOH &KRFRODWH SRU VHSDUDGR StGHORV DVt &UHPD FRUSRUDO &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV &RORQLD &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV -DEyQ OtTXLGR &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV

6H DWHQGHUi KDVWD DJRWDU VWRFN

)A AJ?=JP=J HKO =NKI=O ?KJ >NEHHKO

NEHHKO AJ PQ LEAH

'( '(6&8(172

5(63/$1'(66 )/25(66 &RORQLD FRQ EULOORV PO IO R] &yG XQLGDGHV GLVSRQLEOHV

5(63/$1'(66 &RORQLD FRQ EULOORV PO IO R] &yG XQLGDGHV GLVSRQLEOHV

9DORUL]DGDV HQ %V ) F X

%V ) F X

)ORUDO 6HQVXDOHV µ RUHV GHO 2ULHQWH GHVSLHUWDQ WX VHQVXDOLGDG

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

)ORUDO /LPD YHUGH \ JDUGHQLDV WH OOHQDQ GH DOHJUtD \ RSWLPLVPR

6('8&,1* 25&+,'($

/RFLyQ FRUSRUDO PO IO R] 9DORUL]DGR HQ %V )

&RORQLD PO IO R]

&RORQLD PO IO R]

9DORUL]DGR HQ %V )

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

6(168$//< 526(

&yG

%V )

XQLGDGHV GLVSRQLEOHV

&yG

/RFLyQ FRUSRUDO PO IO R] 9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

35202&,Ä1

35202&,Ä1

/RFLyQ FRUSRUDO 6HQVXDOO\ 5RVH

/RFLyQ FRUSRUDO 6HGXFLQJ 2UFKLGHD

$ 62/2

$ 62/2

%V )

%V )

3RU OD FRPSUD GH OD FRORQLD 6HQVXDOO\ 5RVH

3RU OD FRPSUD GH OD FRORQLD 6HGXFLQJ 2UFKLGHD

&yG XQLGDGHV GLVSRQLEOHV

)ORUDO ([TXLVLWD FRPELQDFLyQ GH URVDV \ DFHLWHV DURPiWLFRV

&yG XQLGDGHV GLVSRQLEOHV

)ORUDO 3URYRFDWLYDV RUTXtGHDV SHUIXPDQ WX SLHO

6L GHVHDV FRPSUDU XQD ORFLyQ FRUSRUDO SRU VHSDUDGR StGHOD DVt 6HQVXDOO\ 5RVH &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV 6HGXFLQJ 2UFKLGHD &yG 3UHFLR %V ) XQLGDGHV GLVSRQLEOHV

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

)5$*$1&,$6

$&7,9$6

)KIAJPKO EJKHRE@=>HAO =NKI=O EJKHRE@=>HAO

'( '(6&8(172

020(1726 /,%(57$' (DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

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

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

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

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

SURPRFLyQ %LOOHWHUD 6FDUOHW SiJ

(6(1&,$6 $520$6 )+)!*0+/ (% !.0

0é EJOLEN=O = HKO ?NA=@KNAO @A =NKI=O =@= AOAJ?E= @A QJ= BHKN U ?=@= JKP= =NKIbPE?= PEAJAJ ?KIK EJOLEN=?EäJ = QJ= CN=J IQFAN ?KIK Pé Oß R=NEKO @A HKO IAFKNAO LANBQIEOP=O @AH IQJ@K D=J ?NA=@K L=N= ^OEG= AOKO =NKI=O EJKHRE@=>HAO U ?=QPER=JPAO MQA P=JPK PA CQOP=J

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

z-QÛ =NKI= R= IAFKN ?KJPECK AO?é>NAHK AJ AH >=JE?K @A NKI=O @A ^OEG= &$ 17, ½ 0 52

6(1 68 $/

$/ 87 )5

2 ,& 75 &À

2 ,& 75 &À

2 $' &, 3( (6

'2 ,$ (& 3 (6

$ 7,9 $&

( /& '8 $/ 87 )5

(/( *$ 17 (

( /& '8

/ 5$ 2 / )

/ 5$ 2 )/

)/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 )5$*$1&,$6

(/(*$17(6

,PiJHQHV ,PiJHQHV 'LDPRQGV

)5$*$1&,$6

520½17,&$6

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

)5$*$1&,$6

6(168$/(6

*UD]]LD 3DUDGLVH *UD]]LD ([RWLF 'DQ]]tD 5HG ,QWHQVH ,QFLWDQW -DGLVV 6HFUHW 0XVN

)5$*$1&,$6

$&7,9$6

([SUHVVLRQ eODQLH 0RPHQWRV 9LEUDQWHV 0RPHQWRV /LEHUWDG ,W­V <RX

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

'( '(6&8(172 3$5$ /26 '26

%V )

%V )

)5$*$1&,$6

520½17,&$6

%V )

/26

$

9DORUL]DGR HQ %V )

&yG

XQLGDGHV GLVSRQLEOHV

ßIAHK ?KJ QJ= BHKN

%V )

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

ÛF=HA PQ LANBQIA AJ ?=@= >AOK

35202&,Ä1 /RFLyQ $wQQDUD

$ 62/2

%V ) 9DORUL]DGR HQ %V ) &yG 3RU OD FRPSUD GHO SHUIXPH $LQQDUD

XQLGDGHV GLVSRQLEOHV

%V ) )527$ $48À < 6,(17( (/ $520$ '( $Â11$5$ (1 78 3,(/

)5$*$1&,$6

6(168$/(6

(= EJOLEN=?EäJ J=?A @A AO= EJK?AJ?E= ?=NJ=H MQA PK@= IQFAN HHAR= @AJPNK -QEOA NA AF=N AOKO ?KJPN=OPAO @A OAJOQ=HE@=@ ?KJ RKHQLPQKO=O KNAO >H=J?=O U ?bHE@KO =?KN@AO I=@AN= !O QJ= BN=C=J?E= L=N= H=O IQFANAO MQA EJOEJé=J OQPEHIAJPA OQO EJPAJ?EKJAO AO?KJ@E@=O HAT=J@N= =NHEJ LANBQIEOP= @A H= ?=O= /UINEOA

0é O=>AO ?äIK OA@Q?ENHK

SURPRFLyQ %LOOHWHUD 6FDUOHW SiJ

78 '(6&8(172 (675(//$

,1&,7$17 (DX GH SDUIXP DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V ) XQLGDGHV GLVSRQLEOHV

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

5 OE BQAN=O QJ= BHKN z?QbH OANß=O z.KO= @A QHC=NE= KNMQß@A= ATäPE?= K BHKN @A 0E=NÛ *5$==,$ (DX GH SDUIXP DWRPLVHXU PO IO R]

&yG XQLGDGHV GLVSRQLEOHV

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

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

&yG XQLGDGHV GLVSRQLEOHV

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

9DORUL]DGR HQ %V ) F X

%V ) F X

'( '(6&8(172

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

SURPRFLyQ %LOOHWHUD 6FDUOHW SiJ

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

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

'( '(6&8(172 3$5$ /26 '26

'$1==À$ (DX GH SDUIXP DWRPLVHXU PO IO R]

-$',66 (DX GH SDUIXP DWRPLVHXU PO IO R]

&yG

&yG

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

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

%V )

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

'( '(6&8(172 (1 ,0½*(1(6 ',$021'6

)ORUDO (OHJDQWH 'HVOXPEUD FRQ URVDV GH %XOJDULD \ JDUGHQLDV

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

,0½*(1(6 ',$021'6 (DX GH SDUIXP DWRPLVHXU PO IO R]

,0½*(1(6 (DX GH SDUIXP DWRPLVHXU PO IO R]

&yG

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

%V ) XQLGDGHV GLVSRQLEOHV

SURPRFLyQ %LOOHWHUD 6FDUOHW SiJ

&yG

%V ) XQLGDGHV GLVSRQLEOHV

35202&,Ä1 %LOOHWHUD 6FDUOHW D VROR

%V )

&yG

325 /$ &2035$ '( &8$/48,(5 )5$*$1&,$ )(0(1,1$ '( /$ 3½* $ /$ 3½*

XQLGDGHV GLVSRQLEOHV

&RQ PXFKRV FRPSDUWLPLHQWRV HQ HO LQWHULRU

&RQ EROVLOOR ODWHUDO SDUD PRQHGDV

!NAO H= IAFKN ?KIL=ãAN=

&RQ WH[WXUD WLSR SLHO GH DYHVWUX] \ GHWDOOH GH KHELOOD SODWHDGD

%LOOHWHUD 6FDUOHW 'H GLVHxR HOHJDQWH \ PX\ FRPELQDEOH GH DPSOLD FDSDFLGDG &XHQWD FRQ GREOH EURFKH SDUD FHUUDUOD FRQ PD\RU VHJXULGDG /D PHMRU ELOOHWHUD SDUD OD PXMHU TXH TXLHUH OOHYDUOR WRGR HQ XQ VROR OXJDU 0HGLGDV DSUR[ [ [ FP 9DORUL]DGR HQ %V )

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

(HAC= P=J HAFKO ?KIK PQO LAOP=ã=O

SURPRFLyQ 5L]DGRU GH SHVWDxDV SiJ

(63(&,$/ '( 0½6&$5$6

'( '(6&8(172

%V ) $ 358(%$ '(

$*8$

0A R= = CQOP=N LKNMQA KJ ATEH=OD /UOPAI NEV= U ATPEAJ@A PQO LAOP=ã=O =H IbTEIK /Q BäNIQH= ATPN= HECAN= HAO @= ?KHKN @AO@A H= LNEIAN= =LHE?=?EäJ

0iVFDUD GH LPSDFWR HQ QHJUR

!TLNÛO=PA ?KJ H= IEN=@=

!HECA PQ IbO?=N= U @AF= MQA PQO LAOP=ã=O D=>HAJ LKN Oß OKH=O

SURPRFLyQ 5L]DGRU GH SHVWDxDV SiJ

(63(&,$/ '( 0½6&$5$6

'( '(6&8(172

$ 358(%$ '(

$*8$

$ 358(%$ '(

$*8$

%V )

%V )

(63(&,$/ '( 0½6&$5$6

0iVFDUD VHFUHWRV GH VHQVXDOLGDG QHJUR GHOLQHDGRU Pi[LPD GXUDFLyQ QHJUR

'( '(6&8(172

)bTEI= ATPAJOEäJ U ?QNR= "EF= AH ?KHKN LKN IQ?DK IbO PEAILK KHKN EJPAJOK 0iVFDUD SDUD SHVWDxDV VHFUHWRV GH VHQVXDOLGDG J R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

$ 358(%$ '(

*!#.+ ) ..¨* %*0!*/+

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

) ..¨* %*0!*/+

&yG

&yG

&yG

$*8$

,AOP=ã=O IbO ?QNR=O {IbO OATUOÎ

35202&,Ä1 5L]DGRU SDUD SHVWDxDV D VROR

%V )

&yG

325 /$ &2035$ '( &8$/48,(5 352'8&72 '(/ (63(&,$/ '( 0½6&$5$6 '( /$ 3½* $ /$ 3½*

.EV= PQO LAOP=ã=O U ?KJOECQA QJ= IEN=@= IQ?DK IbO ATLNAOER= U OAJOQ=H

0A R= = CQOP=N LKNMQA .EV= OKNLNAJ@AJPAIAJPA PQO LAOP=ã=O (AO @= I=UKN @A JE?EäJ

'HOLQHDGRU GH DFDEDGR SURIHVLRQDO QHJUR \ RFWHWR GH VRPEUDV FRORUIRON

'HOLQHDGRU GH IiFLO DSOLFDFLyQ QHJUR \ RFWHWR GH VRPEUDV FRORUIRON

)EN=@= OKBEOPE?=@= )EN=@= @A EIL=?PK 1J @AHEJA=@K ATPN= BEJK HA @=Nb = PQO KFKO QJ =?=>=@K IbO @AHE?=@K U AHAC=JPA

KJ QJ @AHEJA=@K IbO CNQAOK ?KJOACQENbO QJ= IEN=@= IbO EJPAJO= U OAJOQ=H

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

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

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

*!#.+ !40.!)+

) ..¨* +0+_+

*!#.+ !40.!)+

) ..¨* +0+_+

&yG

&yG

&yG

&yG

61( /!*/%0%2!

2!. !

1 6

&yG

&yG

$ 358(%$ '(

$*8$

%V )

$ 358(%$ '(

SURPRFLyQ 3LQ]DV ([SHUWLVH SiJ

$*8$

61( /!*/%0%2!

2!. !

1 6

&yG

&yG

2FWHWR EURZQ IRUHVW FRQ GHOLQHDGRU PiJLFR \ ODELDO GH ODUJD GXUDFLyQ URMR SDVLRQ

/22. &2/25

'( '(6&8(172

2FWHWR GH VRPEUDV J R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

(KKG =PNARE@K

+(+."+(' &yG

KI>EJ= PQO OKI>N=O U @AHEJA= PQO KFKO @AH IEOIK 'HOLQHDGRU OtTXLGR HIHFWR PiJLFR SDUD RMRV PO IO R] ?KHKN KILHAIAJP= ?KJ QJKO H=>EKO EJPAJOKO U &yG ?KJOECQA QJ HKKG OéLAN OATU 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

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

%V )

XQLGDGHV GLVSRQLEOHV

.+3* "+.!/0 &yG

&RORUHV LQWHQVRV FRQ JUDQ DGKHUHQFLD \ VXDYLGDG

&RQ JHO WUDQVSDUHQWH TXH FDUJD HO FRORU GH WX VRPEUD

&RORU TXH VH DGKLHUH SRU PXFKR PiV WLHPSR GHMDQGR XQD WH[WXUD H[WUD VXDYH

) ..¨* " * 0%

.+&+ "%!/0

) ..¨* $ 2 *

&yG

&yG

&yG

.+&+ , /%¨*

"1 /% /1 (%)!

"1 /% !(%.%+

&yG

&yG

&yG

SDUD ODELRV

SDUD FHMDV

* 01. ( ) ..¨* +(+*% (

) ..¨* * 01.!(

&yG

*!#.+

&yG

&yG

&yG

) ..¨* ( *+ &yG

.+&+ ) *$ 00 * &yG

'HOLQHDGRU HQ OiSL] SDUD FHMDV SDUD RMRV SDUD ODELRV J R] 9DORUL]DGR HQ %V )

.+/ "( ) *0! &yG

%V )

) ..¨* )+ !*

XQLGDGHV GLVSRQLEOHV

&yG

7DMDOiSL] &yG

.+/ ) .+/¤

9DORUL]DGR HQ %V )

%V )

&yG

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

,( 0! + . 0 01.-1!/ ) #%

) ..¨* "^

&yG

61( )! %0!..¡*!+ &yG

SDUD RMRV

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

2!. ! /% *!5 &yG

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

&yG

&yG

'HOLQHDGRU GH FHMDV QDWXUDO GHOLQHDGRU GH RMRV SODWHDGR EDFDUDW \ QHJUR LQWHQVR \ GHOLQHDGRU GH ODELRV URMR PDQKDWWDQ $UHWHV ORYHU GH YHQWD HQ SiJLQD

78 '(6&8(172 (675(//$

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

VRQ WRQRV OX] FRQ DFDEDGR JOLWWHU

) ..¨* +.#+_ &yG

61( (14 &yG

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

"^ (14 &yG

*!#.+ (14 &yG

SDUD RMRV

2!. ! (14 &yG

35202&,Ä1 3LQ]DV ([SHUWLVH D VROR

%V ) &yG

325 /$ &2035$ '( &8$/48,(5 352'8&72 '( 0$48,//$-( '( 2-26 '( /$ 3½* $ /$ 3½*

3,1=$6 (;3(57,6( 9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

3LQ]DV GH DFHUR LQR[LGDEOH

3UiFWLFR HVSHMR

&RQ OX] /HG ,OXPLQD OD ]RQD D GHSLODU SDUD UHVXOWDGRV SUHFLVRV

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

/XSD \ HVSHMR 3DUD DXPHQWDU HO WDPDxR GHO REMHWLYR \ PLUDU HO GHSLODGR

/22. &2/25

z0A CQOP= HK J=PQN=H !JPKJ?AO !VAJOE PA R= = AJ?=JP=N AOP=?= PQ >AHHAV= ?KJ ?KHKNAO EJOLEN=@KO AJ H= J=PQN=HAV= 'D D WXV ODELRV XQ EULOOR VHQVXDO \ ORV DFRQGLFLRQD FRQ DFHLWHV QDWXUDOHV

&yG

) (2 ) #%

$FRQGLFLRQD WXV ODELRV

0DWL´ FDQ H KLGUDWDQ FRQ LQJUHGLHQWHV QDWXUDOHV

'( '(6&8(172 (1 32/926 &203$&726 3$5$ 526752

+. (%*!

)%!(

)%!(

+. (%*!

&yG

&yG

&yG

&yG

2%+(!0 /$%*! &yG

(=(16, &2/25 %ULOOR ODELDO PO IO R] 9DORUL]DGR HQ %V )

/DELDO HQ EDUUD J R] 9DORUL]DGR HQ %V )

3ROYRV FRPSDFWRV SDUD URVWUR J R] 9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

%V )

%V )

.+&+ /$%*!

".!/ /$%*!

". ) 1!/ /$%*!

2%*+ /3!!0

.+/ + !(%#$0

.+/ /+1(

"1 /% " 1(+1/

&yG

&yG

&yG

&yG

&yG

&yG

&yG

0+""!! /$%*!

3!0 /$%*!

".!/ 0 /05

1. 6*+ #( )

.+*6! !//!*0% (

()+* 0!* !.

&yG

&yG

&yG

&yG

&yG

&yG

0A R= = CQOP=N LKNMQA !VAJOE QPEHEV= EJCNA@EAJPAO J=PQN=HAO QE@= PQ NKOPNK

&8,'$'2 ,17(16,92 ,17(16$ 1875,&,Ä1 (;75(0$ 3527(&&,Ä1 0½;,0$ +,'5$7$&,Ä1

/DELDO FXLGDGR LQWHQVLYR J R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

,QWHQVD QXWULFLyQ Pi[LPD KLGUDWDFLyQ \ H[WUHPD SURWHFFLyQ

.+/ ,(! /1.! .+/ /! .!0 [ &yG [ &yG

[ &yG [ &yG

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

.+/ !2+0%+* [ &yG [ &yG

#. * 0! $%

[ &yG [ &yG [ &yG [ &yG [ &yG [ &yG

/DELDO FXLGDGR LQWHQVLYR URMR SDVLyQ

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

) ..¨* ) « [ &yG [ &yG

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

) ..¨* 1.#1* 5

"1 /%

) ..¨* $ 2 *

[ &yG [ &yG [ &yG [ &yG

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

".!/ /3!!0

.+&+ / 0¤*

* . *& + /!//%+*

+. + *¡ .

!1"+.% [ &yG [ &yG [ &yG [ &yG [ &yG [ &yG

[ &yG [ &yG [ &yG [ &yG

.+&+ , /%¨*

.+&+ "%!/0

) ..¨*

" * 0% [ &yG [ &yG [ &yG [ &yG [ &yG [ &yG

+. + .+*6 [ &yG [ &yG

(=>E=HAO JQJ?= JKO OK>N=NbJ

&2/25

; %V )

; %V )

/DELDO VDERU LUUHVLVWLEOH FLUXHOD LUUHVLVWLEOH

6$%25(6 &21 %5,//2 7(17$'25 /DELDO EULOOR IDQWiVWLFR FKHUU\ PDJLF

0½;,02 %5,//2 &21 ()(&72 +Ç0('2

/22.

&XDOTXLHU FRPELQDFLyQ GH WRQRV GH ODELDOHV \ EULOORV HV SRVLEOH

0i[LPR EULOOR FRQ HIHFWR PRMDGR 7H[WXUD QR SHJDMRVD

/DELDO OtTXLGR EULOOR IDQWiVWLFR PO IO R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

.+/ .%#$0

.+/ !/0!( .

.+/ /$%*!

[ &yG [ &yG

[ &yG [ &yG

[ &yG [ &yG [ &yG [ &yG

$!..5 ) #% $!..5 /$%*! [ &yG [ &yG

[ &yG [ &yG

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

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

.+/ !!,

.+&+ /$%*!

[ &yG [ &yG [ &yG [ &yG

([TXLVLWRV VDERUHV \ DURPDV FRQ XQ EULOOR WHQWDGRU

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

%V )

XQLGDGHV GLVSRQLEOHV

". ) 1!/ #+(+/

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

,.% $+ ! )+.

[ &yG [ &yG

[ &yG [ &yG

[ &yG [ &yG [ &yG [ &yG

!.!6 /! 1 %¨* [ &yG [ &yG

0!*0 %¨* ! $+ +( 0!

+. ( ! * . *&

) *6 * !* *!(

[ &yG [ &yG [ &yG [ &yG

/DELDO KLGUDWDQWH H[WUHPR URMR GHVHR

z(=>EKO OA?KO {*QJ?= IbOÎ

35202&,Ä1 ,1683(5$%/(

/DELDO KLGUDWDQWH H[WUHPR D VROR

%V )

(Q?A QJKO H=>EKO LNKRK?=PERKO U DQIA?P=@KO .+/ !* *0+ &yG

"1 /% 10%2 *0!

/DELDO KLGUDWDQWH H[WUHPR J R] 9DORUL]DGR HQ %V )

$\XGD D TXH ORV ODELRV VHFRV UHFXSHUHQ HO QLYHO GH DJXD TXH QHFHVLWDQ

XQLGDGHV GLVSRQLEOHV

&yG

.+/ %2

&yG

+. ( $% &yG

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

"^ )+ &yG

&yG

+.#+_ /!45

.+&+ !/!+

&yG

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

) ..¨* #( )+1. &yG

)$&725 '( 3527(&&,Ä1 62/$5

)36

)+. + !41 !. *0!

* . *& ,.%) 2!.

&yG

&yG

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

.+&+ (1&1.%

&yG

&yG

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

.+/ /!

&yG

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

/22.

&2/25

PNÛRAPA AH ?KHKN AO PQ ?äILHE?A !HECA HKO PKJKO MQA R=J ?KJPECK U HHAR= PK@= PQ OAJOQ=HE@=@ AJ PQO I=JKO

0 "1

&y .! /% G 2 %

*QPNA "KNP=HA?A QN=?EäJ LNKHKJC=@= !TPN= >NEHHK /A?=@K NbLE@K ?=>=@K QJEBKNIA (VPDOWH SURIHVLRQDO HQ SDUD XxDV PO IO R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

12 /!

&yG

&y 1 G 0 + .

%DVH IRUWDOHFHGRUD SDUD XxDV PO IO R]

'( '(6&8(172

9DORUL]DGR HQ %V )

%V )

&yG

$1)+ 0+.* /+(

&yG

) #!*0 2% . *0!

&yG

.+&+ 2% . *0!

&yG

12 !.*!0

&yG

+.#+_ .! (

&yG

,«.,1. , /%¨*

&yG

+ + #+(+/

&yG

%.1!( %*0!*/+

&yG

/ *#.! ( 0%*

&yG

.1 ¤ %*0!*/+

&yG

.+&+ /!*/1 (

&yG

/ ()¨* !/0!(( *0!

&yG

(%( )¡#% +

&yG

( * + ) ."%(

&yG

.+/ ,.%) 2!.

XQLGDGHV GLVSRQLEOHV

0i[LPD DGKHUHQFLD GH FRORU \ WH[WXUD H[WUD VHGRVD

'HOLQHDGRU SDUD RMRV GH Pi[LPD GXUDFLyQ J R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

KHKN PKKK@K AH @ß= )=MQßHH=PA ?KJ ?KHKNAO EJPAJOKO MQA PA LANIEPAJ HQ?EN PQ OAJOQ=HE@=@ D=OP= LKN DKN=O

) ..¨* *+# ( &yG

/DELDO Pi[LPD GXUDFLyQ RSRUWR GHOLQHDGRU QHJUR pEDQR TXLQWHWR PRFFD IDVKLRQ

*!#.+ ! *+ &yG

6LVWHPD UHWUiFWLO

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

61( 6 "%.+ &yG

)+. + ,.+"1* + &yG

/22. &2/25

'( '(6&8(172 (1 /$%,$/ 'Ç2 7$7722 < /$%,$/ '( 0½;,0$ '85$&,Ä1

6HJXQGR SDVR %ULOOR

K

V

&yG

.+/ (%#$0

+, +.

&yG

.+&+ , //%+*

3ULPHU SDVR &RORU

)+ " /$%+*

&yG

'( '85$&,Ä1

&yG

0+

.+&+ #+( !* &yG

2%*+ #+( !*

0i[LPD GXUDFLyQ GH FRORU SURWHJH WXV SiUSDGRV

&yG

)LMD HO FRORU HQ GRV SDVRV SURWHJH WXV ODELRV \ ORV KXPHFWD \ DFRQGLFLRQD

&yG

) ..¨* #+( !* &yG

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

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

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

-1 ,!.) *!*0

61( )5/0!.5

+.+ ) #*!0%

&yG

&yG

&yG

%V )

"^ , //%+*

%.1!( !/%.!

&yG

&yG

.+/ (%#$0 &yG

V

.+/! ,.+(+*#

&yG

&yG

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

%V )

XQLGDGHV GLVSRQLEOHV

"1 /% $+0

* !(%0

&yG

&yG

/ ()¨* 3+* !. &yG

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

&RORU LQWHQVR SRU PXFKR WLHPSR \ VHQVDFLyQ XOWUD VXDYH

)%!( #( ^

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

*!( ,( 0%*1)

+ &yG

&yG

!.!6 ,.%/) &yG

$!..5 &yG

".!/ ,.%/) &yG

$+ +( 0! / 0¤* &yG

1J= LEAH LANBA?P= PEAJA OQO PNQ?KO

0K@=O PAJAIKO LAMQAã=O EILANBA??EKJAO AJ H= LEAH LANK J=@EA PEAJA LKN MQÛ O=>ANHK

'( '(6&8(172

0. */(« % +/ &yG

'HMD WX FXWLV HQYLGLDEOHPHQWH VXDYH FRQWUROD HO EULOOR \ ´ MD PHMRU HO PDTXLOODMH

&RPR SROYRV PDWL´ FDQ &RPR EDVH FXEUH LPSHUIHFFLRQHV

)$&725 '( 3527(&&,Ä1 62/$5

)36

&RPR EDVH

&RPR SROYRV !%#! &yG

0!.. +0

3ROYRV FRPSDFWRV GREOH DFDEDGR J R] 9DORUL]DGR HQ %V )

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

%V )

%V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

!%#!

!%#!

.+/

.+/

.+/

&yG

&yG

&yG

&yG

&yG

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

&yG

&2/25

*5$7,6 %URFKD SDUD UXERU

/22.

SRU OD FRPSUD GHO UXERU 9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

.1 ¤ &yG

0i[LPD DGKHUHQFLD WH[WXUD VXDYH \ VHGRVD FRQWUROD HO H[FHVR GH EULOOR

5XERU FRPSDFWR HIHFWR JHPDV \ PLQHUDOHV J R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

5XERU FRPSDFWR HIHFWR JHPDV PLQHUDOHV UXEt 6H DWHQGHUi KDVWD DJRWDU VWRFN

¡) .

+. (

&yG

&yG

1 .6+ .+/ &yG

%DVH GH PDTXLOODMH KLGUR QXWULWLYD EHLJH

!%#!

&yG

+LGUDWD \ QXWUH WX SLHO RFXOWD ODV OtQHDV GH H[SUHVLyQ

*5$7,6 %URFKD SDUD EDVH

3RU OD FRPSUD GH OD EDVH KLGUR QXWULWLYD R EDVH HQ 9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV )$&725 '( 3527(&&,Ä1 62/$5

)36

%DVH GH PDTXLOODMH KLGUR QXWULWLYD PO IO R] 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

!H PNQ?K AOPb AJ QJ= LEAH LANBA?P= /E MQEANAO HQ?EN QJ I=MQEHH=FA LANBA?PK AILEAV= LKN H= >=OA 6H DWHQGHUi KDVWD DJRWDU VWRFN

SURPRFLyQ 'RFHWHWR GH VRPEUDV SiJ

!%#!

!%#!

!%#!

&yG

&yG

&yG

!%#!

.+/

&yG

&yG

.+/

.+/

&yG

&yG

.+/ &yG

.+/ &yG

/22. &2/25

5HJXOD HO EULOOR GH OD SLHO GLVLPXOD ORV SRURV DELHUWRV \ GHMD WX URVWUR IUHVFR \ PDWH

/ * (/

!%#! &yG

!%#!

&yG

!%#!

5RVWUR PiV KLGUDWDGR 8QLIRUPL]D HO WRQR GHO FXWLV

&yG

&RUULJH FXEUH FRQWUROD HO EULOOR \ SURWHJH OD SLHO

&yG

)!(+*!

)$&725 '( 3527(&&,Ä1 62/$5

)36

)36

!%#!

)$&725 '( 3527(&&,Ä1 62/$5

&yG

&yG

)+/ 0+ &yG

%DVH GH PDTXLOODMH SDUD URVWUR HQ SUR J R] 9DORUL]DGR HQ %V )

%DVH GH PDTXLOODMH URVWUR KLGUDWDGR J R] 9DORUL]DGR HQ %V )

%DVH OtTXLGD UHJXODGRUD DQWL EULOOR HTXLOLEULR SHUIHFWR PO IO R] 9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

%V )

%V )

!%#!

!%#!

!%#!

!%#!

!%#!

!%#!

!%#!

.+/

&yG

&yG

&yG

&yG

&yG

&yG

&yG

&yG

.+/

.+/

.+/

.+/

.+/

.+/

.+/

.+/

&yG

&yG

&yG

&yG

&yG

&yG

&yG

$JtWDU DQWHV GH XVDU

.+/ &yG

&yG

*5$7,6 6HW GH HVSRQMDV

3RU OD FRPSUD GH OD EDVH URVWUR KLGUDWDGR R EDVH HTXLOLEULR SHUIHFWR 9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV 6H DWHQGHUi KDVWD DJRWDU VWRFN

(VWXFKH GH VRPEUDV KRW VDKDUD

z-QÛ IEN=@= HQ?ENbO DKU 0EAJAO P=JP=O ?KI>EJ=?EKJAO ?KIK IKPERKO L=N= HQ?EN HEJ@=

35202&,Ä1 (VWXFKH GH VRPEUDV D VROR

%V )

325 /$ &2035$ '( &8$/48,(5 352'8&72 '( 0$48,//$-( '( /$ 3½* $ /$ 3½*

$+0 / $ . &yG

+(+. ,+, &yG

(VWXFKH GH VRPEUDV J R] 9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

(VWXFKH GH VRPEUDV FRORU SRS

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

(VWXFKH GH VRPEUDV KRW VDKDUD

(VWXFKH GH VRPEUDV FRORU SRS

KHKN MQA ?=QPER= =BÛ @KN=@K U BEJKO ?NEOP=HAO OA ?KI>EJ=J AJ AOP= AJ?=JP=@KN= ?KHA??EäJ

&2/(&&,Ä1 &$))( &ROODU /DUJR UHJXODEOH D FP /DUJR GHO GLMH FP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

3XOVHUD &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

=DUFLOORV /DUJRV &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

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

/,%5( '( 3/202

SURPRFLyQ (VWXFKH GH ]DUFLOORV OR\DO SiJ

723

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

/$ &2035$

AP=HHAO MQA PA D=NbJ >NEHH=N

&RQ EDxR GH RUR ´ QDV SLHGUDV IDFHWDGDV FRORU FDIp FULVWDOHV \ HOHJDQWHV SLH]DV GRUDGDV

+DVWD DJRWDU VWRFN

z!NAO @A H=O MQA HA CQOP= NAEJRAJP=NOA ?=I>E=N U HQ?EN OEAILNA N=@E=JPA !JPKJ?AO JA?AOEP=O QJKO HEJ@KO U IK@ANJKO =??AOKNEKO /Q R=NEA@=@ @A ?KHKNAO PATPQN=O U BEJKO I=PANE=HAO NA=HV=NbJ PK@= PQ >AHHAV= U CH=IKQN { AOHéI>N=HKO ?KJ HKO =??AOKNEKO MQA ^OEG= PEAJA L=N= PEÎ

(Q EDxR GRUDGR FRQ SHUODV \ GLMH FRQ OD LPDJHQ GH -HV~V

(Q EDxR SODWHDGR FRQ SHUODV \ GLMH GH OD 9LUJHQ 0DUtD

'( '(6&8(172

&ROODU 9LUJHQ 0tD /DUJR UHJXODEOH D FP 'LMH [ PP &yG

9DORUL]DGR HQ %V )

%V )

3$5$ (//$

3$5$ e/

XQLGDGHV GLVSRQLEOHV

&ROODU 6DQWLILT /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH D FP

&yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

352%$'25 '( $1,//26 &RORFD XQ DQLOOR TXH XVHV VREUH HO SUREDGRU (O FtUFXOR TXH ORJUHV YHU GHQWUR GH WX DQLOOR LQGLFD WX WDOOD

SURPRFLyQ (VWXFKH GH ]DUFLOORV OR\DO SiJ

78 '(6&8(172 (675(//$

(Q EDxR GRUDGR FRQ OLQGDV SHUODV FRORU FUHPD

)A AJ?=JP=J H=O BHKNAOÎ

(VWXFKH ;LDQH ,QFOX\H FROOODU \ ]DUFLOORV /DUJR UHJXODEOH GHO FROODU D FP 0HGLGDV GHO GLMH [ FP

AO?Q>NA AOP= LNA?EKO= ?KHA??EäJ MQA PA R= = ?KJMQEOP=N

XQLGDGHV GLVSRQLEOHV

&yG

9DORUL]DGR HQ %V )

%V )

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

/,%5( '( 3/202 6H DWHQGHUi KDVWD DJRWDU VWRFN

&ROHFFLyQ HQ EDxR SODWHDGR FRQ HVPDOWHV \ SLHGUDV FRORU QHJUR

(VWXFKH 1DLV /DUJR UHJXODEOH D FP 0HGLGDV GHO GLMH FP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

(VWXFKH )ORUHVV OLQGRV SDUHV GH ]DUFLOORV &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

,QFOX\H WUHV SDUHV GH ]DUFLOORV HQ EDxR GH SODWD

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

/,%5( '( 3/202

SURPRFLyQ (VWXFKH GH ]DUFLOORV OR\DO SiJ

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

AHE?=@= ?KIK Pé (A=D QJ= ?KHA??EäJ EJOLEN=@= AJ PQ BAIAJE@=@ (VWXFKH /HDK &ROODU \ ]DUFLOORV /DUJR UHJXODEOH GHO FROODU D FP 'LMH [ PP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

&ROODU \ ]DUFLOORV FRQ GHOLFDGR GLVHxR HQ EDxR GRUDGR

'( '(6&8(172 (1 (678&+( /($+

'( '(6&8(172 (1 (678&+( <,''$

(VWXFKH <LGGD ,QFOX\H FROODU \ ]DUFLOORV /DUJR UHJXODEOH GHO FROODU D FP 0HGLGDV GHO GLMH [ PP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV (Q EDxR SODWHDGR FRQ SLHGUDV DTXDPDULQD

&2/(&&,Ä1 1(5,$+ $QLOOR 7DOOD &yG 7DOOD &yG 7DOOD &yG 7DOOD &yG

9HU SUREDGRU HQ OD SiJ

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

=DUFLOORV /DUJRV &yG

9DORUL]DGR HQ %V )

%V )

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

/,%5( '( 3/202

SURPRFLyQ (VWXFKH GH ]DUFLOORV OR\DO SiJ

&RQ EDxR GH SODWD FULVWDOHV \ ´ QDV SLHGUDV URMDV

$&&(625,26 (67,/2 (Q EDxR SODWHDGR FRQ HVPDOWHV SLQWDGRV D PDQR FRORU URMR \ GHOLFDGRV ODEUDGRV HQ IRUPD GH FRUD]yQ

.KI=J?A ?KJ AOPEHK 1J =??AOKNEK OKHK L=N= IQFANAO AJ=IKN=@=O

(VWXFKH /RYHU ,QFOX\H FROODU \ ]DUFLOORV /DUJR UHJXODEOH GHO FROODU D FP 'LMH GH FP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

'( '(6&8(172 (1 (678&+( /29(5

&DGHQD +HOLRV /DUJR $SUR[ FP 0HGLGD GHO GLMH [ FP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV (Q EDxR GH SODWD HQ VX GLMH WLHQH XQ KHUPRVR GLVHxR GH OD )ORU GH /LV

(Q EDxR GH SODWD FRQ GLMH HQ IRUPD GH FUX] FRQ HVPDOWH QHJUR

&DGHQD (GpQ

/DUJR FP 0HGLGDV GHO GLMH [ PP &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

$QLOOR 8UEDQ ; 7DOOD &yG 7DOOD &yG 7DOOD &yG 7DOOD &yG

'H DFHUR FRQ GHWDOOH GH ODWH[ DOUHGHGRU

9HU SUREDGRU HQ OD SiJ

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

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

/,%5( '( 3/202

SURPRFLyQ (VWXFKH GH ]DUFLOORV OR\DO SiJ

35202&,Ä1 (VWXFKH /R\DO D VyOR 7UHV ]DUFLOORV FRQ EDxR GH SODWD TXH SXHGHQ WHQHU KDVWD ORRNV

%V ) &yG

325 /$ &2035$ '( &8$/48,(5 $&&(625,2 '( /$ 3$* $ /$ 3½*

(VWXFKH /R\DO &yG

9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

{,QA@AO HKCN=N D=OP= ?KI>EJ=?EKJAO @EBANAJPAOÎ

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

(=O NKO=O P=I>EÛJ D=?AJ I=N=REHH=O LKN PQ NKOPNK (=O éJE?=O ?NAI=O MQA PA KBNA?AJ >AJABE?EKO L=N= ?QE@=N PQ NKOPNK

75,3/( $&&,Ä1 0$; &UHPD IDFLDO GH EHOOH]D OLPSLDGRUD J R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

%HQH´ FLRV GH WX FUHPD GH EHOOH]D

(EILE= $QIA?P= *QPNA /Q=REV= ,NKPACA J

&RQ H[WUDFWR GH PLHO /H GD D WX SLHO OD KLGUDWDFLyQ TXH QHFHVLWD

&RQ $JXD GH +DPDPHOLV /LPSLD OD SLHO FRQ VXV SURSLHGDGHV DVWULQJHQWHV

.AOQHP=@KO ?KILNK>=@KO

GH ODV PXMHUHV VLQWLy OD SLHO PiV KXPHFWDGD GH ODV PXMHUHV VLQWLy PHQRV LPSXUH]DV HQ OD SLHO

(VWXGLR GH SHUFHSFLyQ +87 UHDOL]DGR D PXMHUHV GH DxRV D DxRV D ODV VHPDQDV GH XVR

DxRV FXLGDQGR WX URVWUR

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

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ

&$%(//2 3,(/

&UHPD IDFLDO GH MXYHQWXG QXWULWLYD J R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

%HQH´ FLRV GH WX FUHPD GH MXYHQWXG

PAJé= =NNQC=O ?H=N= .A=BENI= /Q=REV= ,NKPACA

'( '(6&8(172

&RQ &ROiJHQR 5HFRQRFLGR SRU VXV SURSLHGDGHV WRQL´ FDQWHV \ VXDYL]DQWHV OD SLHO

J

(= >AHHAV= @A PQ NKOPNK

1J ?QPEO FKRAJ U DANIKOK NAMQEANA ?QE@=@KO @E=NEKO OE >EAJ HKO PN=P=IEAJPKO B=?E=HAO =UQ@=J = I=JPAJAN PQ NKOPNK >AHHK ?KJPNKH=N AH AOPNÛO @KNIEN >EAJ U QJ= >QAJ= =HEIAJP=?EäJ ?KILHAIAJP=NbJ AH ?QE@=@K U >AHHAV= @A PQ ?QPEO

%HQH´ FLRV SDUD WXV PDQRV

75,3/( $&&,Ä1 0$;

/Q=REV= $E@N=P= *QPNA ,NKPACA "KNP=HA?A H=O Qã=O

&UHPD GH EHOOH]D SDUD PDQRV J R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

$QIA?P= /Q=REV= %HQIEJ= PQ LEAH ?KJ @AOPAHHKO LANH=@KO (1&$172 '( 3(5/$6 /RFLyQ OXPLQRVD PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ

/Q=RE@=@ U =NKI= HK MQA PQ LEAH MQEANA

&$%(//2

3,(/

'( '(6&8(172

KJOEAJPA PQ LEAH @AOLQÛO @AH >=ãK L=N= OAJPEN PQ ?QANLK NAJKR=@K U N=@E=JPA

/Q=REV=J H= LEAH (= LANBQI=J ?KJ PQ BN=C=J?E= LNABANE@=

0A R= = CQOP=N LKNMQA /Q NE?= PATPQN= OA =>OKN>A Bb?EHIAJPA AJ PQ LEAH LHE?bNPAH= JK PKI= IQ?DK PEAILK AF= QJ= =CN=@=>HA OAJO=J?EäJ AJ PQ LEAH

/RFLRQHV SHUIXPDGDV PO IO R] 9DORUL]DGR HQ %V ) F X %V ) F X XQLGDGHV GLVSRQLEOHV

&yG

&yG

&yG

&yG

&yG

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ 9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

3DUD OD SLHO GH WRGD OD IDPLOLD 3URIXQGD KLGUDWDFLyQ FRQ SURWHtQDV GH OHFKH

/,752

&yG

&yG

%V )

/RFLyQ FRUSRUDO QXWULWLYD OLWUR IO R]

/RFLyQ FRUSRUDO KXPHFWDQWH OLWUR IO R]

%V )

08/7,&5(0 1875,(176

08/7,&5(0 0,/.

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

1J HEPNK @A OQ=RE@=@ L=N= ?KIL=NPEN ?KJ PK@= H= B=IEHE=

%ULQGD OD FDQWLGDG SUHFLVD SDUD FDGD DSOLFDFLyQ &RQ VHJXUR SDUD HYLWDU GHUUDPHV 6H DFFLRQD FRQ VROR JLUDU \ SUHVLRQDU

'LVSHQVDGRU LGHDO

'( '(6&8(172

'( /,7526

)(67,9$/

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ &yG

9DORUL]DGR HQ %V )

+XPHFWD QXWUH UHYLWDOL]D VXDYL]D \ D\XGD D SURWHJHU GHO PHGLR DPELHQWH

XQLGDGHV GLVSRQLEOHV

%V )

/,752 $OLVD OD SLHO GH QDUDQMD &RQ H[WUDFWR GH FRUDO \ DOJDV PDULQDV

XQLGDGHV GLVSRQLEOHV

%V )

9DORUL]DGR HQ %V )

3LHO /LVD /RFLyQ FRUSRUDO H[WUD KXPHFWDQWH OLWUR IO R]

/RFLyQ GH EHOOH]D SDUD HO FXHUSR OLWUR IO R]

&yG

$48$/27,21

75,3/( $&&,Ä1 0$;

!HECA QJ= ?NAI= MQA HK D=?A PK@K K QJ= MQA =@AIbO PA =UQ@= = ?KI>=PEN H= LEAH @A J=N=JF= U @EOBNQP= @A QJ= LEAH I=N=REHHKO=

)bO MQA DQIA?P=?EäJ

%ULQGD OD FDQWLGDG SUHFLVD SDUD FDGD DSOLFDFLyQ &RQ VHJXUR SDUD HYLWDU GHUUDPHV 6H DFFLRQD FRQ VROR JLUDU \ SUHVLRQDU

'LVSHQVDGRU LGHDO

'( '(6&8(172

'( /,7526

)(67,9$/

3(5)(&7 681 3URWHFWRU VRODU URVWUR \ FXHUSR )36 3$ J R] &yG XQLGDGHV GLVSRQLEOHV

3URWHFWRU VRODU SDUD QLxRV URVWUR \ FXHUSR )36 3 J R] &yG XQLGDGHV GLVSRQLEOHV

9DORUL]DGR HQ %V ) F X %V ) F X

3URWHJH OD SLHO GH ORV UD\RV 89$ \ 89% TXH FDXVDQ HO HQYHMHFLPLHQWR SUHPDWXUR

/EAJPA PQ LEAH BNAO?= OQ=RA ?KJBKNP=>HA LHß?=PA P=H?K @AOLQÛO @AH >=ãK K PQ ?NAI= ?KNLKN=H U OAJPENbO PQ LEAH ?KIK OA@=

3URWHJH OD GHOLFDGD SLHO GH ORV QLxRV GHO VRO (YLWD HO HQURMHFLPLHQWR H LUULWDFLyQ

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ

&$%(//2 3,(/

.ABNAO?=J H= LEAH (= LANBQI=J ?KJ PQ BN=C=J?E= LNABANE@=

'( '(6&8(172

3DUD pO

7DOFRV SHUIXPDGRV J R] 9DORUL]DGR HQ %V ) F X %V ) F X

XQLGDGHV GLVSRQLEOHV

0A R= = CQOP=N LKNMQA AF= H= LEAH ?KJ QJ= OAJO=?EäJ @A OA@= UQ@= = =>OKN>AN H= PN=JOLEN=?EäJ U = I=JPAJAN H= LEAH OA?= &yG

&yG

&yG

3DUD HOOD

&yG

&yG

&yG

&yG

'Ä&,/( (92/87,21 6<67(0

*AQPN=HEV=J AH I=H KHKN %JPAJOEBE?=J PQ =NKI= B=RKNEPK

6SRQJH &RQWURO 6KDPSRR PO IO R] &yG

%V )

'HVRGRUDQWHV UROO RQ PO IO R]

XQLGDGHV GLVSRQLEOHV

%V ) F X

$FRQGLFLRQDGRU PO IO R]

XQLGDGHV GLVSRQLEOHV

&yG

%V ) XQLGDGHV GLVSRQLEOHV

&RQWUROD HO YROXPHQ KLGUDWDQGR OD KHEUD FDSLODU SDUD GHMDUOD VXDYH

SDUD HOOD

&yG

XQLVH[

&yG

&yG

SDUD pO

&yG

&yG

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ

3,(/ &$%(//2

'( '(6&8(172

0KI= AH ?KJPNKH @A PQ ?=>AHHK KJ ä?EHA PK@KO HKO LNK>HAI=O @A PQ ?=>AHHK PEAJAJ OKHQ?EäJ

5HSDLU ([WUHPH 0DVFDULOOD UHYLWDOL]DGRUD SDUD HO FDEHOOR J R] &yG

9DORUL]DGR HQ %V )

%V )

$XPHQWD OD UHVLVWHQFLD GHO FDEHOOR DO FHSLOODGR &RPSOHPHQWD OD DFFLyQ GHO ODYDGR

&RQWUROD HO YROXPHQ GHO FDEHOOR D OD KRUD GH SHLQDU &RPSOHPHQWD OD DFFLyQ GHO ODYDGR

3HQHWUD HQ OD KHEUD FDSLODU \ OD UHSDUD $SOtFDOD GHVSXpV GHO ODYDGR GpMDOD DFWXDU \ HQMXDJD

XQLGDGHV GLVSRQLEOHV

&UHPD SDUD SHLQDU PO IO R] %UHDN &RQWURO &yG 6SRQJH &RQWURO &yG 9DORUL]DGR HQ %V ) F X %V ) F X XQLGDGHV GLVSRQLEOHV

$KU PQ ?=>AHHK >NEHH=Nb ?KIK H=O AOPNAHH= /KHK QJ=O CKP=O U PQ ?=>AHHK MQA@=Nb @AOHQI>N=JPA =H EJOP=JPA

63(&,),.$/ 6W\OLQJ $EULOODQWDGRU SDUD HO FDEHOOR FRQ VLOLFRQDV \ ILOWUR VRODU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

/¤ K /¤ LHE?= QJ=O CKP=O OK>NA H= L=HI= @A PQ I=JK U AOLbN?AH=O OK>NA PQ ?=>AHHK OA?K K HECAN=IAJPA DéIA@K @AO@A H=O N=ß?AO D=?E= H=O LQJP=O

'( '(6&8(172

SURPRFLyQ &UHPDV GH OtQHD GH SLHV SiJ

NAI=O L=N= LAEJ=N MQA @ABEJAJ U D=?AJ IbO @QN=@ANK PQ LAEJ=@K

&$%(//2 3,(/

!H PKMQA BEJ=H MQA JA?AOEP= PQ LAEJ=@K

'( '(6&8(172

63(&,),.$/ /LVR DO 0i[LPR 7UDWDPLHQWR HQ FUHPD PO IO R]

5L]RV DO 0i[LPR 7UDWDPLHQWR HQ FUHPD PO IO R]

5HIOH[ 7UDWDPLHQWR HQ FUHPD PO IO R]

&yG

&yG

&yG

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

%V )

%V )

720$ 127$ &yPR FRQVHJXLU XQRV SLHV VXDYHV \ OLJHURV" 3DVR $EODQGD OD SLHO 6XPHUJH WXV SLHV HQ DJXD WLELD SRU PLQXWRV 6pFDORV 3DVR ([IROLD $SOLFD OD FUHPD H[IROLDQWH \ PDVDMHD WXV SLHV FRQ PRYLPLHQWRV FLUFXODUHV (QMXDJD \ VHFD 3DVR +XPHFWD $SOLFD OD FUHPD KXPHFWDQWH FRQ VXDYHV PDVDMHV 1R HQMXDJXHV 3DVR (OLPLQD $VSHUH]DV $SOLFD OD FUHPD SDUD DVSHUH]DV \ GHMD DFWXDU SRU XQRV PLQXWRV 1R QHFHVLWDV HQMXDJDU

EOBNQP= @A PQO LEAO IbO BNAO?KO U HECANKO =OP= ?KJ @A@E?=NHAO IEJQPKO = H= OAI=J=

35202&,Ä1

/tQHD SDUD SLHV D VROR

/À1($ 3$5$ 3,(6 &UHPD H[IROLDQWH SDUD SLHV J R] &yG

9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

&UHPD KXPHFWDQWH FRQIRUW WRWDO SDUD SLHV PO IO R]

6XDYL]D \ UHIUHVFD &RQ H[WUDFWR GH RUTXtGHD ODYDQGD \ PHQWRO

%V ) F X

325 /$ &2035$ '( &8$/48,(5 352 '8&72 '( 75$7$0,(172 )$&,$/ &25325$/ 2 &8,'$'2 3(5621$/ '( /$ 3½* $ /$ 3½* 6,1 ,1&/8,5 /$ 3½* 52//21(6 < 6+ $& '2&,/(

&yG

9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

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

9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

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

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

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

/KJNEOEP=O AJ AH >=ãK $=V @A OQ >=ãK QJ IKIAJPK IQU @ERANPE@K ?KJ HKO PELO MQA PAJAIKO L=N= PE Oß LK@NbO @AO=NNKHH=N IAFKN AO= ?KJATEäJ P=J AOLA?E=H MQA PEAJAO ?KJ PQO LAMQAãKO

$=V MQA OA OEAJP= ?äIK@K !HECA QJ IKIAJPK @AH @ß= AJ AH MQA JK PAJC= D=I>NA U LNAL=N= AH >=ãK ?KJ =CQ= PE>E= *K KHRE@AO PAJAN = H= I=JK HKO LNK@Q?PKO IbO @AHE?EKOKO L=N= AH >=ãK OQ OD=ILKK B=RKNEPK U HKO F=>KJAO IbO NE?KO

-QA HHARA OQO FQCQAPAOÎ 0äI=PA QJ PEAILK L=N= FQC=N ?KJ PQ DEFK @QN=JPA AH >=ãK ,QA@AJ D=?ANOA LAEJ=@KO @ERANPE@KO ?KJ H= AOLQI= U IQ?D=O ?KO=O IbOÎ

0N=O AH >=ãK >NbV=HK ?KJ QJ= PK=HH= OQ=RA U D=VHA ?KOMQEHHEP=O @ERANPE@=OÎ LNKRA?D= L=N= OQ=REV=N OQ ?QANLK ?KJ ?NAI=O L=N= JEãKO Oß MQA@=Nb NAH=F=@K U OéLAN BAHEV

SURPRFLyQ (VWXFKH GH DQLOORV IXQQLHV SiJ

KJ )EJE DE?O PAJ@Nb IQ?D=O KL?EKJAO L=N= RANOA HEJ@ßOEI=

'( '(6&8(172

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

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

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

&yG

&yG

&yG

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

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

%V )

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

1,f26 %(%e6

0K@K HK MQA PQ LAMQAã= JA?AOEP=

%V )

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

{(= IbO HEJ@= @A H= BEAOP=Î KJ @ERANPE@KO U ?KMQAPKO =??AOKNEKO MQA H= D=NbJ HQ?EN IbO HEJ@= MQA JQJ?= (VWXFKH 0XOWLFRORU KHUPRVRV SDUHV GH ]DUFLOORV SDUD QLxDV &yG

%V ) XQLGDGHV GLVSRQLEOHV

(Q EDxR GH RUR \ SODWD FRQ HVPDOWH GH FRORUHV \ ´ QRV FULVWDOHV

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

/,%5( '( 3/202

SURPRFLyQ (VWXFKH GH DQLOORV IXQQLHV SiJ

35202&,Ä1 (VWXFKH )XQQLHV D VROR

%V )

&yG

325 /$ &2035$ '( &8$/48,(5 352'8&72 '( 1,f26 2 %(%e6 '( /$ 3½* $ /$ 3½*

&RQ EDxR GH SODWD \ GLVHxRV GH GHO´ QHV HVWUHOODV \ WRURQMDV

(VWXFKH )DLU\ 0L[ 7UHV ]DUFLOORV SDUD WHQHU P~OWLSOHV ORRNV &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

'( '(6&8(172

(VWXFKH )XQQLHV 7UHV OLQGRV \ V~SHU FRPELQDEOHV DQLOORV 7DOOD UHJXODEOH 9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

&RQ EDxR GH RUR R SODWD FULVWDO HVPDOWHV \ XQ UDFLPR GH SLHGUDV

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

/,752

0Q >A>Û J=?A ?KJ AH IAFKN ?QE@=@K >=FK AH >N=VK KJ Cé )bTEIK QE@=@K

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

GH D PHVHV

&UHPD &RQ DYHQD \ SURWHtQDV GH OHFKH 'HMD VX SLHO VXDYH \ SURWHJLGD WRGR HO GtD

$*Ç 0i[LPR &XLGDGR &RORQLD VLQ DOFRKRO PO IO R]

&RORQLD VLQ DOFRKRO OLWUR IO R]

&UHPD FRUSRUDO KXPHFWDFLyQ KRUDV J R]

&UHPD FRUSRUDO KXPHFWDFLyQ KRUDV J R]

&yG

&yG

&yG

&yG

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

9DORUL]DGR HQ %V ) 9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

%V )

XQLGDGHV GLVSRQLEOHV

SURPRFLyQ (VWXFKH GH DQLOORV IXQQLHV SiJ

%V )

%V )

$*Ç

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

%DE\ 5HOD[ &RORQLD OLWUR IO R]

&yG

%V )

9DORUL]DGR HQ %V )

%V )

&yG

9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

6KDPSRR FRQ PLHO \ WULJR PO IO R]

&RORQLD 7LHUQR DURPD µ RUDO FRQ QRWDV GH MD]PtQ \ YDLQLOOD TXH OR UHIUHVFD \ OR UHODMD

&yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

&RORQLD 6XDYH DURPD FtWULFR TXH OR UHIUHVFD D WRGD KRUD

1,f26

&yG

6KDPSRR FRQ PDQ]DQLOOD \ DFHLWHV GH DOJRGyQ PO IO R]

%(%e6

$*Ç

&RORQLD IUHVFD PO IO R]

6KDPSRR &RQ HVHQFLDV GH PLHO \ WULJR SDUD TXH WHQJD HO FDEHOOR PiV IXHUWH \ VDQR

/,752

6KDPSRR /H GDUi D VX FDEHOOR FODUR EULOOR \ VXDYLGDG

GH D PHVHV

ÛF=HKO BNAOMQEPKO ,NKPACA H= LEAH @A HKO MQA IbO MQEANAO U @ÛF=H= OQ=RA U BNAO?= ?KJ HKO P=H?KO @A ^OEG=

SURPRFLyQ (VWXFKH GH DQLOORV IXQQLHV SiJ

7DOFR SDUD SLHV 3URWHJH GH OD WUDQVSLUDFLyQ \ GHO PDO RORU SRU KRUDV

7DOFR SDUD EHEpV 3URWHJH VX SLHO FRQ DORH PDQ]DQLOOD µ RUHV GH D]DKDU \ FDQHOD

'(6&8(172 )$0,/,$

7DOFR SDUD SLHV J R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

$*Ç %DE\ 5HOD[ 7DOFR FRQ IpFXODV GH PDt] J R] &yG

9DORUL]DGR HQ %V )

%V ) XQLGDGHV GLVSRQLEOHV

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

'26 $520$6 3$5$ 81 *5$1 6('8&725

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

,0½1(0 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

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

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

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

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

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

e/ e/ %)¡*!)

1J CN=J =NKI= QJ CN=J LANBQIEOP= 5= OA= QJ= OAJO=?EäJ K QJ OEILHA NA?QAN@K HKO CN=J@AO LANBQIEOP=O AJ?QAJPN=J H= IAFKN EJOLEN=?EäJ L=N= ?NA=N HKO =NKI=O @A ^OEG= IAV?H=O LANBA?P=O @A AOLA?E=O MQA D=?AJ @A ?=@= LANOKJ=HE@=@ QJ =NKI= éJE?K ?=QPER=JPA EJ?KJBQJ@E>HA

,1(/+

(/(*,5 81$ )5$*$1&,$ $/ $=$5" -$0½6

'2 ,$ (& 3 (6

62 2 (5 $' 0

62 2 (5 ' $ 0

$/ 5% +(

$/ 5% +(

7,9 $&

6(

'8

2 &7 1

25 (5 '

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

2 ,& 75 &À

2 ,& 75 &À

0$'(5262

(63(&,$'2

+(5%$/

&À75,&2

&À75,&2

+(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 PELK @A =NKI= OACéJ H= B=IEHE= KHB=PER= !OLA?E=@K )=@ANKOK $AN>=H K ßPNE?K

!OP=O OAã=HAO PA =UQ@=NbJ = AJ?KJPN=N PQ =NKI= AJ AH ?=PbHKCK )5$*$1&,$6

(/(*$17(6

$]DEDN '­DULHQ

)5$*$1&,$6

02'(51$6

:LQQHU %ODFN &DUGLJDQ

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

)5$*$1&,$6

6('8&725$6

6WURQJ 0XVN 9DQLOOD +RPEUH :LQQHU 7RQLJKW ,PiQHP %UDYtR 6DOYDMH ([XV 3XOVR

)5$*$1&,$6

$&7,9$6

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

e/ e/

-8172 $ e/ (/ 7,(032 6( '(7,(1(

(VSHFLDGR 6HGXFWRU &iOLGD YDLQLOOD VH PH]FOD FRQ DLUHV PDGHURVRV

'( '(6&8(172

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

9$1,//$ +20%5( &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

67521* 086. &RORJQH PO IO R]

(;86 &RORJQH DWRPLVHXU PO IO R]

&yG

&yG

9DORUL]DGR HQ %V )

9DORUL]DGR HQ %V )

XQLGDGHV GLVSRQLEOHV

XQLGDGHV GLVSRQLEOHV

%V )

%V )

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

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

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

e/ e/

(6 020(172 '( 6(17,5 /$ 6('8&&,Ä1

'( '(6&8(172

(VSHFLDGR 6HGXFWRU 6HGXFWRUDV QRWDV GH SDWFKRXOL \ ViQGDOR OD FRQTXLVWDQ

(VSHFLDGR 0RGHUQR 0DGHUDV H[FOXVLYDV \ HVSHFLDV ~QLFDV SDUD HO KRPEUH GLVWLQJXLGR

:,11(5 721,*+7 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

:,11(5 %/$&. &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

(63À5,78 ,1'20$%/(

78 '(6&8(172 (675(//$

HCQJKO DKI>NAO PEAJAJ N=OCKO EILNA@A?E>HAO BQANPAO EJ?KJPNKH=>HAO U OA@Q?PKNAO ,=N= AHHKO DE?EIKO N=RßK ?NA=@= ?KJ QJ= CN=J ?=JPE@=@ @A I=PANE=HAO J=PQN=HAO MQA NA AF=J OQ =QPÛJPE?K =PN=?PERK HEPK $KA@E?GA ,ANBQIEOP= @A H= ?=O= /UINEOA

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

9DORUL]DGR HQ %V )

%V ) XQLGDGHV GLVSRQLEOHV

6H DWHQGHUi KDVWD DJRWDU VWRFN

$%62/87$ ',67,1&,Ä1 $=$%$. &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

0DGHURVD (OHJDQWH 1RWDV YHUGHV FREUDQ GLVWLQFLyQ FXDQGR VH DVRFLDQ FRQ ´ QDV PDGHUDV

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

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

e/ e/

e/ 7,(1( 081'2 (/ 081'2 68 $520$ *5$7,6 '­DULHQ JHO DIWHU VKDYH 3RU OD FRPSUD GH OD IUDJDQFLD ' DULHQ 9DORUL]DGR HQ %V )

1J= BN=C=J?E= EIL=?P=JPA U R=NKJEH JA?AOEP=>= =PNE>QPKO @A BNAO?QN= AJ OQ ?KILKOE?EäJ =NKIbPE?= KNECEJ=H MQA AJ ?KI>EJ=?EäJ ?KJ AH ?A@NK AH ObJ@=HK U AH RAPERAN =LKNPAJ AH ?=Nb?PAN U I=O?QHEJE@=@ @AH DKI>NA ATEPKOK @A DKU !PEAJJA KQ?G=ANP ,ANBQIEOP= @A H= ?=O= "ENIAJE?D

' $5,(1 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V ) )527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

XQLGDGHV GLVSRQLEOHV

*HO DIWHU VKDYH PO IO R] XQLGDGHV GLVSRQLEOHV

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

1$'$ &202 (67$5 (1 /$ &,0$

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

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

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

e/ e/ +HUEDO $FWLYR 3RWHQWHV QRWDV GH OLPyQ WRQND \ FHGUR EODQFR

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

'( '(6&8(172

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

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

$9(17285 &RORJQH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

!OPA =NKI= BQA LAJO=@K L=N= AH DKI>NA EJPNÛLE@K MQA RERA OQ RE@= =H HßIEPA U NAéJA HKO AHAIAJPKO @A BNAO?QN= REP=HE@=@ U BQANV= MQA PN=O?EAJ@AJ PK@K OQ AJPKNJK /Q EJOPEJPK ?KILAPEPERK AO ARE@AJPA U OQ =PN=?PERK éJE?K HEPK $KA@E?GA ,ANBQIEOP= @A H= ?=O= /UINEOA

$/*8126 +20%5(6 ,17(17$1 27526 6( $75(9(1

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

/$ &2035$

e/ e/

723 :,11(5 63257 &RORJQH DWRPLVHXU PO IO R] &yG )527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

6H DWHQGHUi KDVWD DJRWDU VWRFN

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

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

(DX GH WRLOHWWH DWRPLVHXU PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

SURPRFLyQ 3HUIXPH ([SUHVVLRQ SiJ

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

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

e6,.$ 0(1 7UDWDPLHQWR IDFLDO PXOWLDFFLyQ HQ ORFLyQ PO IO R] &yG

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

*HO ILMDGRU SDUD HO FDEHOOR J R] &yG

9DORUL]DGR HQ %V )

%V )

7UDWDPLHQWR IDFLDO PXOWLDFFLyQ &RQWUROD HO H[FHVR GH JUDVD SUHYLHQH OD DSDULFLyQ GH DUUXJDV GHO URVWUR \ UHIUHVFD OXHJR GHO DIHLWDGR

'( '(6&8(172

XQLGDGHV GLVSRQLEOHV

e/ e/

e/ 6$%( &Ä02 0$17(1(56( $75$&7,92

)5$*$1&,$6

$&7,9$6

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

9DORUL]DGR HQ %V )

%V )

XQLGDGHV GLVSRQLEOHV

)527$ $48À < 6,(17( (/ $520$ (1 78 3,(/

35202&,Ä1 ([SUHVVLRQ D VROR

%V )

&yG

325 /$ &2035$ '( &8$/48,(5 352'8&72 '(/ &$7½/2*2

äILHE?AO AJ PK@K D=OP= AJ AOA =NKI= MQA JKO AJ?=JP= 3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN

35(&,2 7(17$&,Ä1 D VROR

%V )

%HLJH

&XEUH RMHUDV

Q>NA EILANBA??EKJAO AF= PQ LEAH QJEBKNIA 0ATPQN= OQ=RA U OA@KO= $WHQXD PDQFKDV

35(&,2 7(17$&,Ä1 D VyOR

'LVLPXOD OtQHDV

%V )

&RUUHFWRU IDFLDO SLHO SHUIHFWD J R] 9DORUL]DGR HQ %V ) XQLGDGHV GLVSRQLEOHV

!%#!

!%#!

&yG

&yG

.+/

.+/

&yG

&yG

9(1(=8(/$ & +$= 78 3(','2 $ 75$9e6 '( 78 &2168/725$ &(1752 '( $7(1&,Ä1 $/ &/,(17( %(/&253 &$7½/2*2 9,*(17( '(/ '( $*2672 $/ '( 2&78%5( '( 7RGDV ODV SURPRFLRQHV GH HVWD FDPSDxD KDQ VLGR DSUREDGDV SRU HO ,1'(3$%,6 \ WLHQHQ SHUtRGR GH YDOLGH] GH HVWH FDWiORJR 5 , ) -

eVLND FRPXQLFD D VXV FOLHQWHV TXH DPERV ORJRV GH OD PDUFD HVWiQ YLJHQWHV \ SRGUi UHFLELU SURGXFWRV FRQ FXDOTXLHUD GH HOORV PDQWHQLHQGR HO PLVPR QLYHO GH FDOLGDG 6tJXHQRV HQ ZZZ HVLND EL]

ZZZ IDFHERRN FRP HVLND EHOFRUS

ZZZ \RXWXEH FRP (VLND9LGHRV

#(VLND%HOFRUS

,035(6,Ð1 0(752&2/25 6 $

3URPRFLyQ YiOLGD KDVWD DJRWDU VWRFN