123&4#"*5&678#&'"92:& - - PDF document

123 4 5 678 92
SMART_READER_LITE
LIVE PREVIEW

123&4#"*5&678#&'"92:& - - PDF document

9/28/16 !"#"$%&$'("()*+%,-..,/( 0+%+11"23(4,&##(.2( 5$678"9+:(;+11.$<( !"#$%&'(&)"*$#+,$$-&'./-& '0,/& 123&4#"*5&678#&'"92:&


slide-1
SLIDE 1

9/28/16 1

!"#"$%&$'("()*+%,-..,/( 0+%+11"23(4,&##(.2( 5$678"9+:(;+11.$<(

!"#$%&'(&)"*$#+,$$-&'./-& '0,/&

=#+%92.$&%(>.$#&$+?@.-&#+A(-"$,&$'(&1(@.2+( %.$B+$&+$9("$:("##.C1(3.8(9.(+"1&#3( @.$&9.2(92"$1"%6.$1("$:("%%.8$9(

  • "#"$%+1D(4.(C*3(:.(C+(16##($++:(9.(92"%,(

.82(%"1*(-3(-"#"$%&$'("(%*+%,-..,<(

  • ! !"#$%&"''()(*(+$'%,"#%$##"#'%
  • ! -./#$0'$1%'$/2#(34%#('5'%

123&4#"*5&678#&'"92:&

slide-2
SLIDE 2

9/28/16 2

E*+(F.##.C&$'(1#&:+1(&$%#8:+( 2+"#G#&F+(1&98"6.$1(+$%.8$9+2+:(

  • 3()+26H+:(I8-#&%(5%%.8$9"$91(

67"%1('/"8$#$1%$##"#'%"#%,#021% 37$(#%/*($.3'%6$#$%2.060#$%",% )$/02'$%37$4%,0(*$1%3"%#$/"./(*$ % 37$(#%)0.5%0//"2.3'9((

12";&<"==$%9&>?&678&@7%A;&4#"*5&'"92&

  • ! !"#$%&'"("#&')#*+,*-./+'/+')0"'1*+2'

,)*)"3"+)'$,'&/4#,5'+/'3*6"#'0/7',3*889''

  • ! :0$"(",'3*&')",)')/',""'$%'*',3*88';4#-0*,"'

</",')0#4'1"%/#"')0"&'#"3/("'*'8*#<"',439'

  • ! =%'&/4'>/+?)')#*-2'&/4#'-*,0'&/4'3*2"'$)'

"*,$"#'%/#')0$"(",')/')*2"'$)'*+>'&/4'3*&' +"("#'2+/7'&/4'7"#"'#/11">J(

>?&678&@7%A;&4#"*5&678#&'"92&42B$C$9& 1BDD&@7&>;&)7#&678&

slide-3
SLIDE 3

9/28/16 3

' ' ' ' ' ' ' @/#*8A'BC!CD'>/'/+8$+"'1*+2$+<'/+';418$-'E$FG$' 1"-*4,"')0$"(",'3*&'1"'8$,)"+$+<H'

123&4#"*5&'"92:&E%*7C$#&)#"8F&

( ( ( ( KLM5;/(:#*-2'*88'-0*#<",')/'&/4#' *--/4+),I'$%'+/)I'&/4'3*&'1"';*&$+<' ,/3"/+"'"8,"?,'1$88,9'

123&G$*7%*BD$&H"%5&/**78%;9:& E%*7C$#&E%"8;27#BI$F&@$JB;9(

slide-4
SLIDE 4

9/28/16 4

J/'+/)'2"";'*+&';*,,7/#>,'/+'&/4#' 3/1$8"';0/+"'*,')0"&'3*&'1"'"*,$8&' *--",,">'$+')0"'"("+)'&/4'8/,"'&/4#' ;0/+"I'<")'0*-2">'/#'$)'$,'+/)',"-4#"8&' ,)/#">9' C+,4#"'-0$8>#"+'*#"'%/88/7$+<',"-4#$)&' ,*%"<4*#>,''

(

/#$&678&."3B%K&L7M$7%$&ND9$A9&HBDD9:&

K*+2,'>/'3*2"'3$,)*2",'1.(3.8($++:(9.(2+%.$%&#+(3.82( @.$9*#3(-"$,(19"9+@+$91D(!"$,1(@"3("##.C(.$#3(NO( :"31(9.(:&1P89+("(:&1%2+P"$%3D(4.@+(&9+@1(9.(C"9%*(.89( F.2/(

  • ! (L#"'&/4#'1*+2'%"",'-/##"-)8&'#">4-">'$%'&/4'0*("'&/4#'

;*&-0"-2'>$#"-)8&'>";/,$)">'/#'$%'&/4'3*$+)*$+'*'3$+$343' +431"#'/%'"8"-)#/+$-')#*+,*-./+,M''

  • !

L#"'&/4'*#"'#"-"$($+<'-/##"-)'L:@'%""'#"$314#,"3"+),M'

  • !

L#"'&/4'#"-"$($+<'*88'$+)"#",)'&/4'*#"'"+.)8">')/M'

  • !

E"#"'*88'L:@')#*+,*-./+,'-0*#<">')/I'&/4'<"+"#*)">'1&'&/4M'

  • !

=%'&/4'*--";)'-#">$)'-*#>,'%/#';*&3"+)I'>$>')0"'1*+2'-0*#<"' &/4')0"'-/##"-)'%"",'/+'-#">$)'-*#>'>";/,$),M'

123&G$*7%*BD$:&E%*7C$#&H"%5&N##7#9&&

slide-5
SLIDE 5

9/28/16 5

KLM5;/(=%',0"'0*>'#"-/+-$8">'3/+)08&',0"' 7/48>'0*("'8/,)'/+8&'/+"'3/+)0?,'%""9'

(

123&G$*7%*BD$:&,B%BMBI$&)$$9&

(

5(92":&6.$"#(%*+%,&$'("%%.8$9(@"3(-+( *"2@F8#(H$"$%&"##3(&F(3.8(:.$9(92"%,(&9("$:( &$%82(F++1("$:(.B+2:2"Q(%*"2'+1D(R.8(%"$( 81+("(%*+%,#+11("%%.8$9(9.(P"3(-&##1S( @",+(P82%*"1+1("$:(:2"C(@.$+3( +#+%92.$&%"##3(81&$'(@.-&#+("PP1(14)'&/4' ,.88'34,)'#"-/+-$8"')/'("#$%&'*88')#*+,*-./+,' *#"'-/##"-)D((

123&G$*7%*BD$:&/C7BF&OC$#F#"P&)$$9&

&

slide-6
SLIDE 6

9/28/16 6

T.$U9(F.2'+9("89.@"6%(2+$+C"#1(

123&G$*7%*BD$:&E%*7C$#&678#&N##7#9&

@NDLOA':0"'"*,$",)'7*&')/'*(/$>'/("#>#*P'

  • 0*#<",'*+>'"31*##*,,3"+)'/%'1/4+-">'-0"-2,'

$,')/')#*-2'&/4#'>";/,$),'*+>(*--/4+)'1*8*+-"9( 678&*"%A;&F$=79B;&"&="=$#&*2$*5&;QB*$&J8;&378& *"%&9*"%&B;&;QB*$&89B%K&G@'R&% ( 123&G$*7%*BD$:&E%*7C$#&678#&@$=79B;&N##7#9&

slide-7
SLIDE 7

9/28/16 7

E*+(%.8P#+(%"##+:(9*+&2()I5(9.(H$:(.89(C*3(9*+3 (

  • .8$%+:(%*+%,1(.$(9*+&2(V.&$9("%%.8$9("$:(

C*+$(9*+()I5(2+%.$%&#+:(9*+("%%.8$9(1*+(F.8$:( 9*+(:8P#&%"9+(:+P.1&9("$:(8$2+%.2:+:(.B+2:2"Q( F++1D((

(

/C7BF&@8=DB*";$&@$=79B;9&"%F&)$$9&

5(9"WP"3+2('"B+(9*+&2()I5("$(&$%.22+%9(

  • "$,("%%.8$9($8@-+2(F.2(9*+(XM4(9.(

:&2+%9#3(:+P.1&9(9*+&2(#"2'+(9"W(2+F8$:D((

123&G$*7%*BD$:&S$#B?3&678&07;&678#&4"T&G$?8%F &

slide-8
SLIDE 8

9/28/16 8

K.2"#/(XM4(&$F.2@+:(9*+(9"WP"3+2(9*+3(C.8#:( $.9(*+#P(-+%"81+(&9(C"1($.9(9*+&2(+22.2("$:(1.( @8%*(6@+(*":(+#"P1+:(9*+3(C+2+(-+3.$:(9*+( 19"989+(9.(2+%+&B+(9*+(2+F8$:D( :0"'1*+2'7$88'+/)'>";/,$)'*+'/4)>*)">'-0"-2' Q8/+<"#')0*+'R'3/+)0,S'*+>')*T$+<'*4)0/#$.",' 7/+?)'#"$,,4"'#"%4+>,'$%'&/4'>/+?)'+/.%&')0"3' 7$)0$+')0"',)*)4)"';"#$/>9'

>?&@$=79B;9&/#$% ;&4BM$D3&42$3&'"%&H$& U79;&

Y$.C(9*"9(3.8(92"$1F+22+:(@.$+3(9.(9*+(2&'*9( "%%.8$9((

123&4#"*5&'"92:&E%*7C$#&E%"8;27#BI$F& 4#"%9?$#9&

slide-9
SLIDE 9

9/28/16 9

K.2"#(.F(9*+(49.23/(

  • !!"#$%&'*88'>";/,$),'7"#"';4)'$+)/'&/4#'

*--/4+)'*+>'%/#')0"'-/##"-)'*3/4+)9''

  • !J/'+/)'-8$-2'/+'8$+2,9''
  • !L87*&,')&;"')0"'1*+2?,'>$#"-)',$)"')/'3*2"

' ,4#"'&/4'*#"'/+')0"'*-)4*8'1*+2'7"1,$)"9'(

S$#B?3&/DD&@$=79B;9&1$#$&.79;$F&47&678#& /**78%;& !"$,1(@"3(*"B+(92"$1F+2(9..#1(-89(#"%,(9*+( .P6.$(9.(2+78+19(@.$+3Z(9*+(1+$:+2(@819( &$&6"9+(9*+(92"$1"%6.$(C&9*("$("PPD( R.8(%"$(81+(@"$3(:&[+2+$9("PP1(9.(2+78+19("$( +#+%92.$&%(@.$+3(92"$1F+2(-89(3.8(K\4E("#1.( @.$&9.2(+"%*(92"$1"%6.$D((

(

&>9&42$#$&/%&/==&)7#&42";:&

slide-10
SLIDE 10

9/28/16 10

  • ! ]2+"9(C"3(F.2(F2&+$:1(9.(P"3(.$+("$.9*+2(
  • ! ="13(9.(1+$:(@.$9*#3(2+@&$:+21(C&9*.89(9*+(

"C,C"2:(%.$B+21"6.$(

  • ! M+":(9*+(9+2@1(.F(9*+("PP(
  • ! 5B.&:(P"3@+$91(9.(P+.P#+(3.8(:.$U9(,$.C(
  • ! )*+%,(I2&B"9+(.P6.$(

'7%C$%B$%*$&'7M$9&/;&/&'79;&V& E%F$#9;"%F&/==&O=W7%9&X&4$#M9&X& ,7%B;7#&/**78%;&4#"%9"*W7%9&

U+>"#,)*+>';4#;/,"'*+>')"#3,A'!"+3/I'%/#'"T*3;8"I' 3*&'1"'*'<//>'-0/$-"')/')#*+,%"#'3/+"&'*3/+<'%#$"+>,' 14)'3*&'+/)'1"'*'<//>'-0/$-"')/'*--";)';*&3"+)'%/#' ,"88$+<'<//>,'/+'V#*$<,8$,)9'' :$;,A''

  • !J/+?)')#4,)'*')"T)'3",,*<"',*&$+<')0"'*<#"">'*3/4+)'

7*,'*>>">')/'&/4#'*--/4+)'1"%/#"'&/4',"+>')0"'<//>,' )/')0"'14&"#5''

  • !V0"-2'&/4#'*--/4+)'W#,)')/'3*2"',4#"')0"',-*33"#'

>$>+?)'-*+-"8')0"')#*+,*-./+'*+>')0"'3/+"&'$,'$+'&/4#' *--/4+)9'

(

/==9&/#$&GB=$&)7#&)#"8F&

slide-11
SLIDE 11

9/28/16 11

E*+1+("2+(1.@+(.P6.$(9+2@1(3.8($++:(9.(+B"#8"9+(9.( :+9+2@&$+(&F(9*+("PP(&1(2&'*9(F.2(9*+(92"$1"%6.$/(

  • ! ^*"9("2+(9*+(F++1(F.2(:&[+2+$9(93P+(92"$1F+21(>%2+:&9(

B1D(:+-&9S(+9%DA<(

  • ! ^*"9(&1(9*+(1P++:(.F(:+#&B+23<(
  • ! ^*"9("2+(9*+(92"$1F+2(#&@&91<(
  • ! ^*"9("2+(C&9*:2"C"#(#&@&91<(
  • ! X1(9*+2+(9C.GF"%9.2("89*+$6%"6.$(P2.%+11<(
  • ! T.+1($.6H%"6.$(.F(P"3@+$9(&$:&%"9+("$("@.8$9(*"1(
  • ++$(1%*+:8#+:(.2(C"1("(92"$1F+2(@":+<(

(

'7MM7%&O=W7%9&;7&NC"D8";$&/==9 &

@B#$*;&J"%5&;#"%9?$#&G(9*+(F"19+19(@+9*.:(&1( 92"$1F+2(:&2+%9#3(9.(3.82("%%.8$9(F2.@(1.@+.$+( C&9*("$("%%.8$9(C&9*(9*+(1"@+(-"$,D(4.@+(-"$,1( *"B+(92"$1F+2(9..#1(C&9*&$(9*+(1"@+(P.29"#(3.8( 81+(F.2(.$#&$+(-"$,&$'D(4.@+(%"$(92"$1F+2(@.$+3( 9.(1.@+.$+(.891&:+(3.82(-"$,U1($+9C.2,D(( :$60#$;%-3%('%)$<$#%3"%2'$%"37$#%=$37"1'%(,%4"2% /0.>3%3#2'3%37$%#$/$(8$#%",%4"2#%)0.5% (.,"#=0+".9% 123&E%F$#9;"%F&<7Q&,7%$3&4#"%9?$#&/==9& 17#5:&

slide-12
SLIDE 12

9/28/16 12

077KD$&1"DD$;GXF(3.8(*"B+("(]@"&#("%%.8$9( 2+78+16$'(@.$+3(&1(+"13(-89(&F(3.8(:.$U9( 3.8U##(-+("1,+:(9.(1+9(8P("$("%%.8$9D( KLM5;/(J/+?)'7#$)"'-0"-2,'4+.8'>";/,$)'0$),'

&/4#'*--/4+)9'X$+-"'(3%/0.%305$%?%)2'(.$''%104'% %/#'*'-0"-2')/'-8"*#I'&/4'-*+'1/4+-"'-0"-2,'*+>' $+-4#'%"",9'L8,/'-0"-2'$%'>";/,$)'$,'#">4-">'1&'

  • /##"-)'%"",'%/#'-#">$)'-*#>,'+/'%"",'%/#'>"1$)'
  • *#>,9'

(

123&E%F$#9;"%F&<7Q&,7%$3& 4#"%9?$#&/==9&17#5:&

."3."D&G(1&@P#+(&F(9*+(P+21.$(C*.(.C+1(3.8(@.$+3(*"1( "(I"3I"#("%%.8$9S(&F($.9S(1*"2+(9*+(#&$,(F2.@(I"3I"#DK+S(

  • 89(9*+3(16##($++:(9.(%2+"9+("(I"3I"#("%%.8$9D((

KLM5;/(-.%"#1$#%3"%@$3%37$%/0'7%(.%4"2#%/7$/5(.@%4"2% .$$1%3"%A6(371#06B%(39'J/+?)'%/#<")')0*)'%"",'7$88'1"' )*2"+'/4)'%/#'>"1)'*+>'-#">$)'-*#>')#*+,%"#,',/'&/4#' >";/,$)'$+)/'-0"-2$+<'7$88'1"'+")'/%')0/,"'%"",9'V0"-2' )0"'%"",'*#"'-*8-48*)">'-/##"-)8&9'(

123&E%F$#9;"%F&<7Q&,7%$3& 4#"%9?$#&/==9&17#5:&

slide-13
SLIDE 13

9/28/16 13

LY8"#$&*"92+81+(&F(3.8(:.$U9(C"$9(9.(1+9(8P("$( "%%.8$9(9.(2+%+&B+(@.$+3(1&$%+(3.8(V819( %.@P.1+("$(+@"&#(9.(9*+(:+-9.2S(+$9+2(9*+(

  • "#"$%+(&$(9*+(18-V+%9(H+#:("$:(%%(

2+78+19_178"2+D%.@("$:(.$%+(9*+(2+%&P&+$9( 2+%+&B+1(9*+(+@"&#(3.8(-.9*(P2.B&:+(-"$,&$'( &$F.D(KLM5;/(V*+'&/4'#"*88&')#4,)',"-4#$)&'/%' #"-$;$"+)?,'"3*$8M':0"#"'*#"'*"6%3#0.',$#%*(=(3'% ,/'&/4'+"">')/'-0"-2'$%'&/4'*#"'/("#')0"'8$3$)9'

(

123&E%F$#9;"%F&<7Q&,7%$3& 4#"%9?$#&/==9&17#5:&

S$%M7G"Q+2(1+`$'(8P("$("%%.8$9("$:(B+2&F3&$'(3.82(

  • "$,(&$F.2@"6.$(3.8U##(-+("1,+:(9.("::(F2&+$:1(9.(9*+(

"PP(C*.@(3.8(%"$(1+$:("$:(2+%+&B+(@.$+3(2+78+191D( KLM5;/(@/+"&'$,+?)'>$#"-)8&'>";/,$)">'$+)/'&/4#'1*+2' *--/4+)I'$)'$,'*>>">')/'&/4#'!"+3/'*--/4+)',/'>/+?)' %/#<")')/'4,"')0"'Y/0'7%"23B%3"%&23%=".$4%(.3"%4"2#% /7$/5(.@%0//"2.39%Z/4',0/48>'("#$%&')0*)'"*-0' )#*+,*-./+'0$),'&/4#'-0"-2$+<'*--/4+)',/'&/4'>/+?)' $+-4#'/("#>#*P'%"",9'

123&E%F$#9;"%F&<7Q&,7%$3& 4#"%9?$#&/==9&17#5:&

slide-14
SLIDE 14

9/28/16 14

  • ! M+":(9*+("'2++@+$9(F2.@(9*+(-"$,(9*"9(:+1%2&-+1(

"%%.8$9(9+2@1("$:(%.$:&6.$1(-+F.2+(%*..1&$'(9*+(

  • "$,("$:(93P+(.F("%%.8$9D(
  • ! K"$"'+(3.82("%%.8$9(1.(3.8(%"$("B.&:(F++1("$:(

@"W&@&a+(&$9+2+19D(

  • ! )*+%,(3.82(-"#"$%+S(,$.C(*.C(@8%*(@.$+3(&1(

"B"&#"-#+(9.("B.&:(-"$,(F++1(

  • ! M+%.$%&#+(-3(%.@P"2&$'(P+21.$"#(-"$,(92"$1"%6.$1(9.(

9*+(-"$,(19"9+@+$9(9.(+$182+(9*"9(-.9*("'2++(.$(*.C( @8%*(@.$+3(&1(&$("$("%%.8$9("9("(1P+%&H%(:"9+(

>?&678&!%7Q&42$&4$#M9&678&/C7BF&L8#=#B9$9&"%F& /C7BF&)$$9&

  • ! \$%.B+2(:+P.1&9("$:(C&9*:2"C"#(+22.21(
  • ! )*+%,1?'&Q1(9*"9(@"3($.9(*"B+(-++$(2+%+&B+:(
  • ! M+%822&$'(C&9*:2"C"#1(9*"9(@"3($.9("PP#3(
  • ! T.8-#+GP.16$'("(%*+%,(1.("@.8$9(C&9*:2"C$(

9C&%+(

  • ! \$%.B+2(8$"89*.2&a+:(:+-&91(.2(5EK(C&9*:2"C"#1G&F(

3.8(P"3(-3(:+-&9(%"2:(.2(81+("$(5EK(9*+("@.8$9( %.@+1(.89(.F(3.82("%%.8$9(&@@+:&"9+#3(1.(3.8(@819(( @",+(182+(9*+2+("2+($.(8$"89*.2&a+:("@.8$91D(

  • ! \$%.B+2(F2"8:

((

123&G$*7%*BD$:&

slide-15
SLIDE 15

9/28/16 15

0.9(2+%.$%&#&$'(%"$(2+18#9(&$/(

  • ! !.8$%+:(.2(#.19(%*+%,1(
  • ! T8P#&%"9+(B+$:.2(%*"2'+1(>%"1*&+2(+22.21A((
  • ! ;.19(.2(&$%.22+%9(:+P.1&91(
  • ! LB+2P"3@+$9(.F(F++1((
  • ! \$:+9+%9+:(-"$,(+22.21(
  • ! \$:+9+%9+:(@"9*(+22.21(&$(3.82("%%.8$6$'(

1319+@((

  • ! \$:+9+%9+:(F2"8:((
  • ! X$"%%82"9+(9"W"-#+(&$%.@+(F.2(-81&$+11+1(

(

12";&'"%&<"==$%&>?&378&@7%A;&G$*7%*BD$:&

R.8(C&##(M"%"K$&M7%$3&J$Z$#&-+%"81+(3.8(C&##(

  • ! 4P+$:(#+11(&$(9.9"#(&F(3.8(92"%,(%"1*(
  • ! !+%.@+(@.2+("C"2+(.F(C*+2+(@.$+3(&1(-+&$'(

1P+$9(

  • ! X:+$6F3(C"31(9.(1"B+(@.$+3(
  • ! 5B.&:(%.19#3(@&19",+1("$:(.B+2:2"Q(F++1(

R.8(C&##(8$:+219"$:(9*+([78#%$3&7?&378#&*"92&

  • ! ^*+$(&1(@.$+3(:+P.1&9+:("B"&#"-#+<(
  • ! b.C(#.$'(8$6#("(%*+%,(%#+"21<(

H$%$\;9&O?&G$*7%*BDB%K:&

slide-16
SLIDE 16

9/28/16 16

KLM5;/(@/+$)/#'1*+2'*--/4+),'%#"[4"+)8&I'*)'8"*,)' 3/+)08&9'C"2%.$8$#%5."6%6703%4"2>**%2./"8$#D% & (

( (

<7Q&OP$%&L278DF&678&G$*7%*BD$:&

6NLS(9.(+$9+2(+"%*(92"$1"%6.$(&$9.(3.82(2+'&19+2( "$:(,++P("(:"&#3(28$$&$'(-"#"$%+D(( KLM5;/(L87*&,'<")'#"-"$;),'"$)0"#'1&'

;0/+"I'"3*$8I';*;"#I'%*T',/'&/4'-*+'

  • /3;*#"')0"3')/'&/4#'1*+2'

,)*)"3"+),')/'("#$%&'"("#&'$)"3'

  • 0*#<">')/'&/4#'*--/4+)'$,'-/##"-)9''

(

@7&>&LWDD&]$$F&G$*$B=;9&:&

slide-17
SLIDE 17

9/28/16 17

  • ! ND$*;#7%B*&*2$*5&#$KB9;$#9&.$(3.82(*.@+(

%.@P89+2(>%819.@+21(H$:(&9(@8%*(+"1&+2(9.( 81+("$:(-"#"$%+(9*"$(.#:GF"1*&.$+:(P"P+2( %*+%,(2+'&19+21AD(

  • ! ).@P"$&.$("==DB*"W7%9&?7#&378#&

9M"#;=27%$&9*"9("##.C(3.8(9.("%%+11(3.82( +#+%92.$&%(%*+%,(2+'&19+2(C*+2+B+2(3.8("2+D(

  • ! K.-&#+(-"$,&$'(1+2B&%+1("##.C("%%+11(9.(3.82(
  • "$,("%%.8$9(F2.@("(1@"29P*.$+S(9"-#+9(.2(

.9*+2(:+B&%+1D(

]$Q&4$*2%7D7K3&47&G$*7%*BD$&

XF(3.8(1&'$(8P(F.2("**78%;&"D$#;9&9.('+9(9+W9( @+11"'+1(.$(3.82(@.-&#+(P*.$+(.2(+G@"&#1 ( &F(3.82("%%.8$9(-"#"$%+(:2.P1(-+#.C("(1+9( :.##"2("@.8$9(&9(%"$(*+#P(3.8("B.&:("$( .B+2:2"C$(%*+%,&$'("%%.8$9D( XF(3.8(1&'$(8P(9.(2+%+&B+(9+W9("#+291(&F(9*+(

  • "$,(.-1+2B+1(c989=B*B789d("%6B&93(3.8(

@"3("B.&:(P.9+$6"#(F2"8:D(

(

]$Q&4$*2%7D7K3&47&,7%B;7#&678#&/**78%;&>%& G$"D&4BM$&

slide-18
SLIDE 18

9/28/16 18

M+1+"2%*("$:(+B"#8"9+(9*+(-+19($+C(9+%*$.#.'3(F.2( +"%*(93P+(.F(92"$1"%6.$/((

  • ! XF(":B+261+21(P2.B&:+(F2++(1+2B&%+1Z(%*+%,(.89(9*+&2(

=#BC"*3&=7DB*3&9.(1++(C*.(9*+3(1*"2+(3.82(&$F.(C&9*D(

  • ! XF(9*&2:(P"26+1(P2.B&:+("::+:(F8$%6.$"#&93(9.("(

C+-1&9+("$:(&91(81+21Z(:.(9*+1+(1+2B&%+1(81+(*775B$9<((

  • ! 52+(3.8("89.@"6%"##3(18-1%2&-&$'(9.(GLL^NM"BD("$:(

C&##(3.8(2+%+&B+($8@+2.81(+@"&#1<(

  • ! 4.%&"#(@+:&"Z(%*+%,(.89(9*+&2(P2&B"%3(P.#&%3(+1P+%&"##3(

2+#"9+:(9.(-"$,&$'Z(@",+(182+(9.(1+9(8P("1(.G>S/4N&

  • ! =@-+::+:(2+1.82%+1Z(%*+%,(.89(9*+&2(P2&B"%3(P.#&%&+1D

(

H$?7#$&E9B%K&]$Q&4$*2%7D7KB$9&'2$*5&O8;& .#BC"*3&X&.7DB*B$9&&

e+2&F3(+B+23(92"$1"%6.$(>:+P.1&91S(%*+%,1S(5EK1S(:+-&91S(%2+:&91S ( .$#&$+(-&##(P"3@+$91S(F++1S(+9%DA("$:(-"#"$%+(3.82("%%.8$91( @"$8"##3(.2("89.@"6%"##3(-3/(

  • ! L$#&$+(1+2B&%+1(P2.B&:+:(-3(3.82(-"$,(.2(C+-1&9+1(
  • ! ^+-1&9+1(>1++(18-1+78+$9(1#&:+1(F.2(#.%"6.$1A(
  • ! K"$8"#(%*+%,(2+'&19+2(>1++(18-1+78+$9(1#&:+1A(
  • ! 5II(>1++(18-1+78+$9(1#&:+1(F.2(#.%"6.$1A(
  • ! f8$%6.$1(C&9*&$("%%.8$6$'(P2.'2"@1(#&,+(g8&%,-..,1(
  • ! 4+9(8P(3.82(.C$(F8$%6.$1(&$(%.@P89+2(1P2+":1*++91(#&,+(

=W%+#(

(

,$;27F9&678&'"%&E9$&47&,"%"K$^ G$*7%*BD$&678#&/**78%;:&

slide-19
SLIDE 19

9/28/16 19

CCCDNhOH$"$%&"##&9+2"%3D.2'(( ;..,(8$:+2(c)"#%8#"9.21?!8:'+6$'("$:(4"B&$'d(

O%DB%$&G$978#*$9&

  • ! )*+%,(2+'&19+2(C&9*("(#&19(.F("##(92"$1"%6.$1(

–! T+P.1&91( –! !"$,(92"$1F+21( –! ^&9*:2"C"#1( –! )*+%,1(C2&i+$( –! !"$,(F++1(

  • ! !"$,(19"9+@+$9(C&9*("(18@@"23(.F(92"$1"%6.$1(F.2(

"(1P+%&H%(6@+(P+2&.:((

  • ! ).@P"2+(3.82(%*+%,(2+'&19+2((9.(9*+(-"$,(

19"9+@+$9(-3(P#"%&$'("(%*+%,(@"2,($+W9(9.("##( 92"$1"%6.$1(&$(3.82(2+'&19+2(9*"9("PP+"2(.$(9*+(

  • "$,(19"9+@+$9(9.(+$182+("##(:+P.1&91("$:(

C&9*:2"C"#1("2+(+$9+2+:(F.2(9*+(1"@+(6@+(P+2&.:(

12";&678&]$$F&47&G$*7%*BD$&/**78%;9&

slide-20
SLIDE 20

9/28/16 20

  • ! 5::(&$9+2+19(+"2$+:("$:(18-92"%9(-"$,(F++1(9.(3.82(%*+%,(

2+'&19+2(&F(9*+3("2+(.$(9*+(-"$,(19"9+@+$9(-89($.9(&$(3.82( %*+%,(2+'&19+2S()0$,'$,'&/4#'*>\4,)">'"+>$+<'-0"-2'#"<$,)"#' 1*8*+-"'

  • ! E.("22&B+("9(9*+(":V819+:(-"$,(-"#"$%+S(19"29(C&9*(9*+(+$:&$'(
  • "$,(19"9+@+$9(-"#"$%+(9*+$((
  • ! 5::("##(:+P.1&91(F2.@(3.82(2+'&19+2(9*+(-"$,(*"1($.9(

3+9(%2+:&9+:(9.(3.82(19"9+@+$9(

  • ! 48-92"%9("##(.8919"$:&$'(%*+%,1(>C2&i+$(%*+%,1($.9(3+9(

%"1*+:(.2(%#+"2+:(.$(-"$,(19"9+@+$9A(

  • ! 48-92"%9("##(5EKS(:+-&9("$:(%"1*(C&9*:2"C"#1($.9(.$(
  • "$,(19"9+@+$9(
  • ! E*&1(9.9"#(1*.8#:(@"9%*(3.82(%*+%,-..,(*>\4,)">'

"+>$+<'-0"-2'#"<$,)"#'1*8*+-"' (

(

.#7*$99&7?&G$*7%*BDB%K&/&'2$*5B%K&/**78%;&

  • ! ).@P"2+(+$:&$'(":V819+:(-"$,(-"#"$%+(9.(3.82(

":V819+:(%*+%,(2+'&19+2(-"#"$%+(F.2(9*+(1"@+(:"9+(

  • ! XF(3.82(2+%.$%&#+:(-"#"$%+(:.+1($.9(@"9%*(#..,("9(

3.82(19"9+@+$9("$:(2+'&19+2(F.2(9*+("@.8$9(.F(9*+( :&1%2+P"$%3D(

  • ! XF(3.82(:&[+2+$%+(&1(:&B&1&-#+(-3(j(&9(%.8#:(-+("(

92"$1P.1+:($8@-+2S(F.2(+W"@P#+(2+%.2:&$'("(%*+%,( F.2(khN(&$19+":(.F(kNhD(

  • ! XF(9*"9(:.+1($.9(C.2,(#..,("9(+"%*(92"$1"%6.$(9.(

@",+(182+(3.8(2+%.2:+:(&9(%.22+%9#3D(

  • ! 51,(F.2(*+#P(F2.@(-"$,+2(.2()I5D(
  • ! T.$9('+9(:&1%.82"'+:D(X9('+91(+"1&+2(C&9*(6@+D(

(

(

12";&>?&,3&G$*7%*BDB"W7%&@7$9%A;&17#5:&

slide-21
SLIDE 21

9/28/16 21

  • ! K&$9(!8:'+6$'(5PP(
  • ! ).$$+%9(9*+(K&$9("PP(9.(3.82(-"$,("$:(9*+("PP(

%"$(81+(3.82(:+9"&#1(9.(%2+"9+("(-8:'+9(

  • ! I.%,+9]8"2:(!8:'+9(5PP(
  • ! ).$$+%91(:&2+%9#3(9.(3.82(-"$,("%%.8$91(1.(3.8(

*"B+("%%+11(9.(%822+$9(92"$1"%6.$1(

  • ! R.8(0++:("(!8:'+9(>R05!A(5PP(
  • ! T+B+#.P1("(1319+@(9.(*+#P(3.8(-8&#:("(-8:'+9(
  • ! ]..:!8:'+9(
  • ! 5(:&'&9"#(+$B+#.P+(-8:'+9(1319+@D(f2++(C&9*(

8P'2":+1("B"&#"-#+(

42$#$A9&"%&/==&?7#&42";&

  • ! KB+#.P+1(
  • ! R.8(%"$(#&$,(3.82(-"$,("%%.8$9(9.(9*&1("PPS(

P"3(-&##1S(@"$"'+(-8:'+9("$:(P#"$D(f2++(C&9*( .P6.$1(9.(8P'2":+("9("(%.19(

  • !\$1P#82'+(
  • ! &I*.$+G-"1+:("PP(9.(1+9(8P('."#1(F.2(1P#82'+(

'."#1(

(

42$#$A9&/%&/==&?7#&42";&

slide-22
SLIDE 22

9/28/16 22

  • ! M+1+"2%*("$3("PP(-+F.2+(:.C$#.":&$'(&9Z(:.$9("118@+(&9(&1(

.l%&"#D(

  • ! T.C$#.":("$("PP(F2.@("(#+'&6@"9+("PP(19.2+D(
  • ! T.C$#.":("$("PP(F2.@(9*+(B+$:.2(3.8("2+(:.&$'(-81&$+11(

C&9*D(

  • ! M+:8%+(2&1,(.F(:.C$#.":&$'("PP1(9*"9(%.$9"&$(@"#C"2+(-3(

:.C$#.":&$'("$("PP(F2.@(9*+(-"$,1(.l%&"#(C+-1&9+D(4.@+(

  • "$,1(81+(9*+&2(1.%&"#(@+:&"(1&9+1("1("(P.29"#(F.2(%819.@+21(9.(
  • "$,(.$#&$+D(@*2"',4#"'&/4'*#"'/+'*',"-4#"';*<"'/+')0"'

1*+2,'8"<$.3*)"',$)"'*,'%#*4>,)"#,'*#"'<//>'*)'3$3$-2$+<' /]-$*8'E"1',$)",9'

  • ! I"11C.2:(P2.9+%9(3.82("PPD(

( (

(

>9&42$&_/==`&U$KBWM";$:&

R.82(-"$,(@"3(.[+2(F2++(.$#&$+(-8:'+6$'(9..#1(9*"9( %"$(92"%,(3.82(1P+$:&$'(-3(%"9+'.23S(@.$&9.2( &$B+19@+$91(.2(@++9('."#1(3.8(1+9(-89(9*+(@.19( &@P.29"$9(9..#(&1(2+%.$%&#&$'(3.82("%%.8$9D( L9*+2(M+1.82%+1/(

  • ! )"#%8#"9.21.8PD%.@(
  • ! T8@@&+1D%.@?P+21.$"#GH$"$%+?*.CG9.G
  • "#"$%+G"G%*+%,-..,(
  • ! )"#%W@#D%.@(
  • ! R.8E8-+D%.@(

(

O%DB%$&G$978#*$9&)7#&4#"*5B%K&'"92&

slide-23
SLIDE 23

9/28/16 23

  • ! L$#&$+(19"9+@+$91(@",+(&9(+"1&+2(
  • ! 5PP1(9*"9(*+#P(3.8(92"%,(92"$1"%6.$1(
  • ! L$#&$+(2+1.82%+1(
  • ! XF("##(+#1+(F"&#1(V819(:.(&9(@"$8"##3D(K.19(-"$,1(

P2&$9(9*+(:+9"&#1(*.C(9.(2+%.$%&#+(.$(9*+(-"%,( .F(3.82(-"$,(19"9+@+$9((

  • ! 51,(9*+(-"$,(F.2(*+#P(
  • ! 51,("()I5(F.2(*+#P(

m819(:.(&9J(

12";&477D9&47&4#"*5&'"92:&

5#-+29(=&$19+&$(1"&:S(c).@P.8$:(&$9+2+19(&1(9*+(+&'*9*( C.$:+2(.F(9*+(C.2#:D(b+(C*.(8$:+219"$:1(&9S(+"2$1(&9D( b+(C*.(:.+1$U9S(P"31(&9Dd(42$&977%$#&378&D$"#%&;2$& *7%*$=;&7?&DBCB%K&QB;2B%&378#&M$"%9&;2$&#B*2$#&378&QBDD& J$(&& b.C+B+2S(9*+(.$#3(C"3(9.("%%.@P#&1*(9*&1(&1(9.(92"%,( 3.82(%"1*D( ^*+$(3.8(F.##.C("(-8:'+9(3.8("2+(&$(%.$92.#(9.(2+:8%+( 1P+$:&$'("$:(&$%2+"1+(&$%.@+D(

4#"*5B%K&'"92&'"%&,"5$&678&GB*2$#&

slide-24
SLIDE 24

9/28/16 24

M+"#G^.2#:(K"9*(F.2(K&::#+("$:(b&'*(4%*..#(498:+$91(

  • !!8:'+6$'(
  • !;+9U1(].(4*.PP&$'(
  • !)"2++21(n(;&F+(
  • !4+`$'(\P("(!81&$+11(
  • !)2+:&9()"2:1(
  • !=19"-#&1*&$'(f&$"$%&"#(I2&.2&6+1(

CCCDP&%P"D.2'?X$1P&2+ (

(

)I51("1(f&$"$%&"#(;&9+2"%3(M+1.82%+1(

(

( ( ( ( (

g8+16.$1< (

5$3(78+16.$1<(

slide-25
SLIDE 25

9/28/16 25

Y"2+$()D(f"%+2GK++S()I5S()]K5( @*+*<$+<'X0*#"0/8>"#' f"%+2SK++(n(511.%&"9+1S(ID)D(

  • p(!2+%,+$2&:'+(T2&B+(

XB3#"$:S(I5(qrjst( I*.$+/(oqpDNppDtjOO( f"W/(oqpDNppDttpj( =@"&#/(Y"2+$_F"%+2@++D%.@(

(

.#$9$%;$#^/8;27#&'7%;"*;&>%?7#M"W7%&

E*+1+(@"9+2&"#1(C+2+(P2+P"2+:(-3(Y"2+$(f"%+2GK++S()I5S( )]K5("$:(f"%+2S(K++(n(511.%&"9+1S(ID)D(.$(-+*"#F(.F(9*+( I+$$13#B"$&"(X$16989+(.F()+26H+:(I8-#&%(5%%.8$9"$91(9.(P2.B&:+ ( &$F.2@"6.$(.F(&$9+2+19(9.("(1+#+%9("8:&+$%+(>+:8%"9.21AD(E*&1( P8-#&%"6.$(&1($.9(&$9+$:+:(9.(P2.B&:+("%%.8$6$'(":B&%+(F.2("( 1P+%&H%(1&98"6.$(.2(9.(%2+"9+("$("%%.8$9"$9G%#&+$9(2+#"6.$1*&PD( ).P32&'*9(u(oOqh(f"%+2SK++(n(511.%&"9+1S(ID)DS("##(2&'*91( 2+1+2B+:D(0.(P"29(.F(9*&1(P8-#&%"6.$(@"3(-+(2+P2&$9+:(C&9*.89( 9*+(+WP2+11(C2&i+$(P+2@&11&.$(.F(.82(H2@D(f.2(2+P2&$91(.2( &$78&2&+1S(%.$9"%9(%.@@8$&%"6.$1_P&%P"D.2'D(

^*.(E.().$9"%9(f.2(I+2@&11&.$(9.().P3( K"9+2&"#1(

slide-26
SLIDE 26

9/28/16 26