/<21 81,48( 2%-(7 '( 021 6(17,0(17
520( ;;9,,,
V¶LQVFULW FRPPH QRV FDWDORJXHV SUpFpGHQWV FRQVDFUpV DX PRQQD\DJHV GX ,9
H
VLqFOH
520( ;;,9
j
520( ;;9,,
GDQV XQH WUDGLWLRQ TXL SHUPHW GH PHWWUH HQ YDOHXU O¶pPHUJHQFH G¶XQ YDVWH PRQQD\DJH GH EURQ]H
VDXFp TXL IDLW VRQ DSSDULWLRQ DYHF OD UpIRUPH PRQpWDLUH 7pWUDUFKLTXH HQ HW VH SHUG GDQV OHV PpDQGUHV GH OD ILQ
GH OD G\QDVWLH 9DOHQWLQR 7KpRGRVLHQQH
&H © VDHFXOXP DXUHXP ª IXW FHOXL GH OD GRPLQDWLRQ GH O¶RU PDLV
PDUTXH DXVVL OD PXOWLSOLFDWLRQ GHV PRQQD\DJHV GH EURQ]H DYHF O¶DFFpOpUDWLRQ GHV SURGXFWLRQV OD PXOWLSOLFDWLRQ
GHV DWHOLHUV O¶LQIODWLRQ GHV RIILFLQHV
/¶DWHOLHU GH /\RQ WLHQW XQH SODFH SDUWLFXOLqUH GDQV FHWWH RUJDQLVDWLRQ KLpUDUFKLVpH %LHQ FRQQX GHV QXPLVPDWHV
GHSXLV OHV WUDYDX[ GH 3LHUUH %DVWLHQ HW GHV OHFWHXUV GHV FDWDORJXHV
520(
HW
0211$,(6
HQ SDUWLFXOLHU DYHF
© 0RQQDLHV GH /\RQ OD FROOHFWLRQ 'DQLHO &RPSDV ª OH PRQQD\DJH GH /\RQ DX %DV (PSLUH QH FHVVH GH QRXV
DSSRUWHU VD PRLVVRQ G¶LQpGLWV
/\RQ SUpVHQWH O¶DYDQWDJH G¶rWUH PRLQV SURGXFWLI TXH 7UrYHV HW PRLQV VSpFLDOLVp TX¶$UOHV ,O IDXW FHSHQGDQW VRXOLJQHU
OH UHQRXYHDX GHV pWXGHV VXU O¶DWHOLHU G¶$UOHV JUkFH DX WUDYDLO GH 3KLOLSSH )HUUDQGR SXEOLp LO \ D SHX HW GRQW QRXV
DYRQV UHQGX FRPSWH
%1
IpYULHU
S
3RXUTXRL UHYHQLU HQFRUH XQH IRLV VXU O¶DWHOLHU GH /\RQ " 7RXW VLPSOHPHQW SDUFH TXH GDQV
520( ;;9,,,
QRXV
SRXYRQV DOLJQHU
QXPPL GH OD SpULRGH FRPSULVH HQWUH OD UpRXYHUWXUH GH O¶DWHOLHU HQ HW OD IHUPHWXUH SURYLVRLUH
GH O¶DWHOLHU HQ 'DQV
0211$,(6 ;;9,,
FDWDORJXH GH OD FROOHFWLRQ 'DQLHO &RPSDV QRXV YRXV DYLRQV SURSRVp
WUHQWH VL[ QXPpURV Q
(QWUH
HW
QRXV DYRQV GLVSRVp GH
QXPPL GRQW
SRXU
520( ;;9,,,
O¶HQVHPEOH OH SOXV LPSRUWDQW SURSRVp GDQV O¶XQ GH QRV FDWDORJXHV
/H 'RFWHXU %DVWLHQ D UHFHQVp QHXI pPLVVLRQV SULQFLSDOHV HQWUH HW
FHUWDLQHV DYHF SOXVLHXUV SKDVHV 6L WRXWHV
OHV pPLVVLRQV VRQW UHSUpVHQWpHV GDQV FH FDWDORJXH HQ GHKRUV GH OD WUqV UDUH WURLVLqPH pPLVVLRQ F¶HVW VXUWRXW j SDUWLU
GH OD FLQTXLqPH pPLVVLRQ TXH OH PRQQD\DJH GHYLHQW DERQGDQW GDQV OH FDV SUpVHQW 6XU
QXPPL
PpULWHUDLHQW
GH ILJXUHU GDQV XQ IXWXU VXSSOpPHQW GH O¶RXYUDJH GX 'U 3 %DVWLHQ
'DQV
520( ;;9,,,
PRQQDLHV VRQW GH TXDOLWp H[FHSWLRQQHOOH (OOHV SURYLHQQHQW G¶XQH VpOHFWLRQ ULJRXUHXVH
HIIHFWXpH SDU XQ FROOHFWLRQQHXU DVVRFLDQW OH JRW HW OD UHFKHUFKH GH OD UDWHWp VL ELHQ TXH QRXV UHWURXYRQV GDQV FH
FDWDORJXH XQ SDQHO GH QXPPL DYHF OHXU DUJHQWXUH VXSHUILFLHOOH GDQV GHV pWDWV GH FRQVHUYDWLRQ SURFKH GH O¶pWDW GH
IUDSSH 1H PDQTXH] SDV FHWWH XQLTXH RFFDVLRQ SRXU FRPSOpWHU RX SRXUTXRL SDV GpEXWHU XQH FROOHFWLRQ GH QXPPL
GH O¶DWHOLHU GH /\RQ 8QH WHOOH RSSRUWXQLWp QH GHYUDLW SDV VH UHSUpVHQWHU DYDQW SOXVLHXUV DQQpHV $SUqV LO ULVTXH
G¶rWUH WURS WDUG OHV SUL[ HQFRUH UDLVRQQDEOHV DXMRXUG¶KXL ULVTXHQW G¶DXJPHQWHU IRUWHPHQW GDQV XQ IXWXU SURFKH
/DXUHQW 6&+0,77 $'5
VFKPLWW#FJE IU
Q