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slide-1
SLIDE 1

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

❆❙P✐❙

✐♥t❡❣r❛t✐♥❣ ✐❘❖❉❙ ✇✐t❤ ❙❤✐❜❜♦❧❡t❤ ❛♥❞ ♣r♦✈❡♥❛♥❝❡ ❡♥❣✐♥❡s ▼❛r❦ ❍❡❞❣❡s✱ ❊r✐❝ ▲✐❛♦✱ ❚♦❜✐❛s ❇❧❛♥❦❡ ❑✐♥❣✬s ❈♦❧❧❡❣❡ ▲♦♥❞♦♥ ❆♥❞r❡❛ ❲❡✐s❡✱ ❆❞✐❧ ❍❛s❛♥✱ ❏❡♥s ❏❡♥s❡♥ ❯♥✐✈❡rs✐t② ♦❢ ❘❡❛❞✐♥❣✱ ❯♥✐✈❡rs✐t② ♦❢ ▲✐✈❡r♣♦♦❧✱ ❙❝✐❡♥❝❡ ❛♥❞ ❚❡❝❤♥♦❧♦❣② ❋❛❝✐❧✐t✐❡s ❈♦✉♥❝✐❧ ■♥t❡r♥❛t✐♦♥❛❧ ❙②♠♣♦s✐✉♠ ♦♥ ●r✐❞ ❈♦♠♣✉t✐♥❣ ❅ ❆❝❛❞❡♠✐❛ ❙✐♥✐❝❛✱ ❚❛✐♣❡✐✱ ❚❛✐✇❛♥✱ ✷✵✵✾

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-2
SLIDE 2

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-3
SLIDE 3

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

Pr♦❥❡❝t ❖✈❡r✈✐❡✇

❋✉♥❞❡❞ ❜② ❏■❙❈ ❡✲■♥❢r❛str✉❝t✉r❡ ♣r♦❣r❛♠♠❡✳ P❛rt♥❡rs✿

❈❡♥tr❡ ❢♦r ❡✲❘❡s❡❛r❝❤✱ ❑✐♥❣✬s ❈♦❧❧❡❣❡ ▲♦♥❞♦♥ ❯♥✐✈❡rs✐t② ♦❢ ▲✐✈❡r♣♦♦❧ ❙❝✐❡♥❝❡ ❛♥❞ ❚❡❝❤♥♦❧♦❣② ❋❛❝✐❧✐t✐❡s ❈♦✉♥❝✐❧ ✭❯♥✐✈❡rs✐t② ♦❢ ❘❡❛❞✐♥❣ ✲ ✈❡r② ❤❡❧♣❢✉❧ P❤❉ st✉❞❡♥t✮

Pr♦❥❡❝t ●♦❛❧s✿

❛❝❝❡ss ♠❛♥❛❣❡♠❡♥t ✐♥ ✐❘❖❉❙ ✲ ✐♥t❡❣r❛t✐♦♥ ✇✐t❤ ❙❤✐❜❜♦❧❡t❤ ✭❛♥❞ ❛✉t❤♦r✐s❛t✐♦♥ s②st❡♠s s✉❝❤ ❛s P❊❘▼■❙✮✳

✐♥t❡❣r❛t✐♦♥ ♦❢ ✐❘❖❉❙ ✇✐t❤ ♣r♦✈❡♥❛♥❝❡ ❝❛♣t✉r❡ s②st❡♠s✳

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-4
SLIDE 4

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

Pr♦❥❡❝t ❖✈❡r✈✐❡✇

❋✉♥❞❡❞ ❜② ❏■❙❈ ❡✲■♥❢r❛str✉❝t✉r❡ ♣r♦❣r❛♠♠❡✳ P❛rt♥❡rs✿

❈❡♥tr❡ ❢♦r ❡✲❘❡s❡❛r❝❤✱ ❑✐♥❣✬s ❈♦❧❧❡❣❡ ▲♦♥❞♦♥ ❯♥✐✈❡rs✐t② ♦❢ ▲✐✈❡r♣♦♦❧ ❙❝✐❡♥❝❡ ❛♥❞ ❚❡❝❤♥♦❧♦❣② ❋❛❝✐❧✐t✐❡s ❈♦✉♥❝✐❧ ✭❯♥✐✈❡rs✐t② ♦❢ ❘❡❛❞✐♥❣ ✲ ✈❡r② ❤❡❧♣❢✉❧ P❤❉ st✉❞❡♥t✮

Pr♦❥❡❝t ●♦❛❧s✿

❛❝❝❡ss ♠❛♥❛❣❡♠❡♥t ✐♥ ✐❘❖❉❙ ✲ ✐♥t❡❣r❛t✐♦♥ ✇✐t❤ ❙❤✐❜❜♦❧❡t❤ ✭❛♥❞ ❛✉t❤♦r✐s❛t✐♦♥ s②st❡♠s s✉❝❤ ❛s P❊❘▼■❙✮✳

✐♥t❡❣r❛t✐♦♥ ♦❢ ✐❘❖❉❙ ✇✐t❤ ♣r♦✈❡♥❛♥❝❡ ❝❛♣t✉r❡ s②st❡♠s✳

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-5
SLIDE 5

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

Pr♦❥❡❝t ❖✈❡r✈✐❡✇

❋✉♥❞❡❞ ❜② ❏■❙❈ ❡✲■♥❢r❛str✉❝t✉r❡ ♣r♦❣r❛♠♠❡✳ P❛rt♥❡rs✿

❈❡♥tr❡ ❢♦r ❡✲❘❡s❡❛r❝❤✱ ❑✐♥❣✬s ❈♦❧❧❡❣❡ ▲♦♥❞♦♥ ❯♥✐✈❡rs✐t② ♦❢ ▲✐✈❡r♣♦♦❧ ❙❝✐❡♥❝❡ ❛♥❞ ❚❡❝❤♥♦❧♦❣② ❋❛❝✐❧✐t✐❡s ❈♦✉♥❝✐❧ ✭❯♥✐✈❡rs✐t② ♦❢ ❘❡❛❞✐♥❣ ✲ ✈❡r② ❤❡❧♣❢✉❧ P❤❉ st✉❞❡♥t✮

Pr♦❥❡❝t ●♦❛❧s✿

❛❝❝❡ss ♠❛♥❛❣❡♠❡♥t ✐♥ ✐❘❖❉❙ ✲ ✐♥t❡❣r❛t✐♦♥ ✇✐t❤ ❙❤✐❜❜♦❧❡t❤ ✭❛♥❞ ❛✉t❤♦r✐s❛t✐♦♥ s②st❡♠s s✉❝❤ ❛s P❊❘▼■❙✮✳

✐♥t❡❣r❛t✐♦♥ ♦❢ ✐❘❖❉❙ ✇✐t❤ ♣r♦✈❡♥❛♥❝❡ ❝❛♣t✉r❡ s②st❡♠s✳

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-6
SLIDE 6

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-7
SLIDE 7

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❆✉t❤❡♥t✐❝❛t✐♦♥

❯s❡r♥❛♠❡ ✰ P❛ss✇♦r❞

  • ❙■

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-8
SLIDE 8

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❆✉t❤♦r✐③❛t✐♦♥

✐❈❆❚ st♦r❡s ✐♥❢♦r♠❛t✐♦♥ ♦♥✿

❯s❡rs ❉♦♠❛✐♥s

  • r♦✉♣s

❆❝❝❡ss ❈♦♥tr♦❧ ▲✐sts ✭❆❈▲s✮

❆❝❝❡ss ♠❛♥❛❣❡❞ ❛❝❝♦r❞✐♥❣ t♦✿

▼♦❞❡ ♦❢ ❛❝❝❡ss ✭r❡❛❞ ✴ ✇r✐t❡ ✴ ❞❡❧❡t❡ ✴ ❛♥♥♦t❛t❡✮ ❇② ✉s❡r✱ ❞♦♠❛✐♥✱ ❣r♦✉♣

■♥❢♦r♠❛t✐♦♥ ❤❡❧❞ ❝❡♥tr❛❧❧②

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-9
SLIDE 9

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❆✉t❤♦r✐③❛t✐♦♥

✐❈❆❚ st♦r❡s ✐♥❢♦r♠❛t✐♦♥ ♦♥✿

❯s❡rs ❉♦♠❛✐♥s

  • r♦✉♣s

❆❝❝❡ss ❈♦♥tr♦❧ ▲✐sts ✭❆❈▲s✮

❆❝❝❡ss ♠❛♥❛❣❡❞ ❛❝❝♦r❞✐♥❣ t♦✿

▼♦❞❡ ♦❢ ❛❝❝❡ss ✭r❡❛❞ ✴ ✇r✐t❡ ✴ ❞❡❧❡t❡ ✴ ❛♥♥♦t❛t❡✮ ❇② ✉s❡r✱ ❞♦♠❛✐♥✱ ❣r♦✉♣

■♥❢♦r♠❛t✐♦♥ ❤❡❧❞ ❝❡♥tr❛❧❧②

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-10
SLIDE 10

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❆✉t❤♦r✐③❛t✐♦♥

✐❈❆❚ st♦r❡s ✐♥❢♦r♠❛t✐♦♥ ♦♥✿

❯s❡rs ❉♦♠❛✐♥s

  • r♦✉♣s

❆❝❝❡ss ❈♦♥tr♦❧ ▲✐sts ✭❆❈▲s✮

❆❝❝❡ss ♠❛♥❛❣❡❞ ❛❝❝♦r❞✐♥❣ t♦✿

▼♦❞❡ ♦❢ ❛❝❝❡ss ✭r❡❛❞ ✴ ✇r✐t❡ ✴ ❞❡❧❡t❡ ✴ ❛♥♥♦t❛t❡✮ ❇② ✉s❡r✱ ❞♦♠❛✐♥✱ ❣r♦✉♣

■♥❢♦r♠❛t✐♦♥ ❤❡❧❞ ❝❡♥tr❛❧❧②

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-11
SLIDE 11

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❖❜s❡r✈❡❞ ■ss✉❡s

❈❡♥tr❛❧✐s❡❞ ♠❛♥❛❣❡♠❡♥t ♦❢ ✉s❡r ✐❞❡♥t✐t✐❡s ❛♥❞ ❛❝❝❡ss r✐❣❤ts ❉♦❡s♥✬t s❝❛❧❡ ✇❡❧❧ ❉✐✛❡r❡♥t ♦r❣❛♥✐s❛t✐♦♥s ❝❛♥♥♦t ♠❛✐♥t❛✐♥ t❤❡✐r ♦✇♥ ❧✐sts ♦❢ ✉s❡rs ✐♥ ❞❛t❛ ❣r✐❞ ✲ ❞✉♣❧✐❝❛t✐♦♥✱ ❧✐sts ❝❛♥ ❣❡t ♦✉t ♦❢ s②♥❝ ■♥✢❡①✐❜❧❡ ❛✉t❤♦r✐s❛t✐♦♥ s②st❡♠ ✲ ♥♦ ❧♦❝❛❧❧② ♠❛♥❛❣❡❞ ❛❞♠✐♥ ♦❢ ❛❝❝❡ss r✐❣❤ts ❈❡rt✐✜❝❛t❡s ❛ ❜❛rr✐❡r t♦ ✉♣t❛❦❡ ♦❢ ❣r✐❞s ✐♥ s♦♠❡ ❝♦♠♠✉♥✐t✐❡s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 12

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 13

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❙❤✐❜❜♦❧❡t❤ ❖✈❡r✈✐❡✇

❆r❝❤✐t❡❝t✉r❡ ❢♦r ❢❡❞❡r❛t❡❞ ❛❝❝❡ss t♦ ✇❡❜ ❜❛s❡❞ r❡s♦✉r❝❡s ❇❛s❡❞ ♦♥ ❝✐r❝❧❡ ♦❢ tr✉st ❛♠♦♥❣ ♦r❣❛♥✐s❛t✐♦♥s ❯s❡r ✐❞❡♥t✐t✐❡s ♠❛♥❛❣❡❞ ❧♦❝❛❧❧② t♦ t❤❡✐r ✐♥st✐t✉t✐♦♥ ❆❝❝❡ss t♦ r❡s♦✉r❝❡s ♠❛♥❛❣❡❞ ❧♦❝❛❧❧② t♦ t❤❡ ♦✇♥✐♥❣ ✐♥st✐t✉t✐♦♥ ❆❞♦♣t❡❞ ❜② ❏■❙❈ ❛s ❛ s♦❧✉t✐♦♥ ❢♦r ♠❛♥❛❣✐♥❣ ❛❝❝❡ss t♦ ❞✐str✐❜✉t❡❞ ✇❡❜ r❡s♦✉r❝❡s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 14

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❙❤✐❜❜♦❧❡t❤ ■♥❢♦r♠❛t✐♦♥ ❋❧♦✇

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 15

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❯❑ ❋❡❞❡r❛t✐♦♥

❯❑ ❆❝❝❡ss ▼❛♥❛❣❡♠❡♥t ❋❡❞❡r❛t✐♦♥ ❢♦r ❊❞✉❝❛t✐♦♥ ❛♥❞ ❘❡s❡❛r❝❤

❇❛s❡❞ ♦♥ ❙❆▼▲ ✭❙❡❝✉r✐t② ❆ss❡rt✐♦♥ ▼❛r❦✉♣ ▲❛♥❣✉❛❣❡✮ Pr♦✈✐❞❡s ❛ s✐♥❣❧❡ ❛❝❝❡ss s♦❧✉t✐♦♥ t♦ ♦♥❧✐♥❡ r❡s♦✉r❝❡s✴s❡r✈✐❝❡s ▼❡t❛❞❛t❛ ❜❛s❡❞ ♦♥ t❤❡ ■♥t❡r♥❡t✷ ❡❞✉P❡rs♦♥ ▲❉❆P s❝❤❡♠❛

❈♦r❡ ❋❡❞❡r❛t✐♦♥ ❡❞✉P❡rs♦♥ ❛ttr✐❜✉t❡s

❙❝♦♣❡❞❆✣❧✐❛t✐♦♥ → st❛✛❅❦❝❧✳❛❝✳✉❦✱ ✈✐s✐t♦r❅st❢❝✳❛❝✳✉❦ ❚❛r❣❡t❡❞■❞ → ✐❞♣✳❦❝❧✳❛❝✳✉❦✦s♣✳st❢❝✳✉❦✦❁♦♣❛q✉❡ str✐♥❣❃ Pr✐♥❝✐♣❛❧◆❛♠❡ → ❡r✐❝✳❧✐❛♦❅❦❝❧✳❛❝✳✉❦ ❊♥t✐t❧❡♠❡♥t → ✉r♥✿♠❛❝❡✿❛❝✳✉❦✿✐r♦❞s✳st❢❝✳❛❝✳✉❦✿✈✐s✐t♦r

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 16

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❯❑ ❋❡❞❡r❛t✐♦♥

❯❑ ❆❝❝❡ss ▼❛♥❛❣❡♠❡♥t ❋❡❞❡r❛t✐♦♥ ❢♦r ❊❞✉❝❛t✐♦♥ ❛♥❞ ❘❡s❡❛r❝❤

❇❛s❡❞ ♦♥ ❙❆▼▲ ✭❙❡❝✉r✐t② ❆ss❡rt✐♦♥ ▼❛r❦✉♣ ▲❛♥❣✉❛❣❡✮ Pr♦✈✐❞❡s ❛ s✐♥❣❧❡ ❛❝❝❡ss s♦❧✉t✐♦♥ t♦ ♦♥❧✐♥❡ r❡s♦✉r❝❡s✴s❡r✈✐❝❡s ▼❡t❛❞❛t❛ ❜❛s❡❞ ♦♥ t❤❡ ■♥t❡r♥❡t✷ ❡❞✉P❡rs♦♥ ▲❉❆P s❝❤❡♠❛

❈♦r❡ ❋❡❞❡r❛t✐♦♥ ❡❞✉P❡rs♦♥ ❛ttr✐❜✉t❡s

❙❝♦♣❡❞❆✣❧✐❛t✐♦♥ → st❛✛❅❦❝❧✳❛❝✳✉❦✱ ✈✐s✐t♦r❅st❢❝✳❛❝✳✉❦ ❚❛r❣❡t❡❞■❞ → ✐❞♣✳❦❝❧✳❛❝✳✉❦✦s♣✳st❢❝✳✉❦✦❁♦♣❛q✉❡ str✐♥❣❃ Pr✐♥❝✐♣❛❧◆❛♠❡ → ❡r✐❝✳❧✐❛♦❅❦❝❧✳❛❝✳✉❦ ❊♥t✐t❧❡♠❡♥t → ✉r♥✿♠❛❝❡✿❛❝✳✉❦✿✐r♦❞s✳st❢❝✳❛❝✳✉❦✿✈✐s✐t♦r

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 17

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 18

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❆❝❝❡ss ❈♦♥tr♦❧ ❘❡q✉✐r❡♠❡♥ts

❉❡✈♦❧✈❡ ❛✉t❤❡♥t✐❝❛t✐♦♥ s❡r✈✐❝❡ t♦ ✉s❡r✬s ❤♦♠❡ ✐♥st✐t✉t✐♦♥ ❈♦♠♠♦♥ ✐♥t❡r❢❛❝❡ ❧❛②❡r t♦ ❞❡❝♦✉♣❧❡ ❛✉t❤♦r✐③❛t✐♦♥ s❡r✈✐❝❡s ❆❝❝❡ss ❝♦♥tr♦❧ ❛❧❧♦✇✐♥❣ ✜♥❡✲❣r❛✐♥❡❞ ❛❝❝❡ss r✐❣❤ts t♦ ❜❡ ❞❡✜♥❡❞ ❢♦r r♦❧❡s✱ ♥♦t ❥✉st ✉s❡r ✐❞❡♥t✐t✐❡s ◆♦ ✐♥t❡r❢❡r❡♥❝❡ t♦ ✐❘❖❉❙ ❝♦r❡ s②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 19

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❆❝❝❡ss ❈♦♥tr♦❧ ❆r❝❤✐t❡❝t✉r❡

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 20

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

❆❝❝❡ss ❈♦♥tr♦❧ ❘✉❧❡s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 21

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-22
SLIDE 22

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❖✈❡r✈✐❡✇

Pr♦✈❡♥❛♥❝❡ → ❤✐st♦r② ♦❢ ♦♣❡r❛t✐♦♥ ❛♣♣❧✐❡❞ t♦ ❛ ❞✐❣✐t❛❧ ♦❜❥❡❝t Pr♦✈❡♥❛♥❝❡ ✐s ❛♥ ✐♠♣♦rt❛♥t ✐ss✉❡

  • ✐✈❡s ❤✐st♦r② ♦❢ ❡✈❡♥ts

❆❧❧♦✇s t♦ ✈❡r✐❢② t❤❡ ❛✉t❤❡♥t✐❝✐t② ♦❢ ❞❛t❛ ❉❡t❡r♠✐♥❡s q✉❛❧✐t② ♦❢ ❞❛t❛ ❙✉♣♣♦rts r❡s❡❛r❝❤❡rs ✐♥ ♠❛♥② ✇❛②s ✭❡✳❣✳ r❡✲❡①❡❝✉t✐♥❣ ❡①♣❡r✐♠❡♥ts✮

Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ ✐❘❖❉❙ ❞♦❡s ♥♦t ❝❛♣t✉r❡ ❝❤❛♥❣❡s ♠❛❞❡ t♦ ❞❛t❛ ✐❘❖❉❙✬s ♠❡t❛❞❛t❛ ✐s ♥♦t s✉✣❝✐❡♥t t♦ ❝❛♣t✉r❡ ✇♦r❦✢♦✇s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 23

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❖✈❡r✈✐❡✇

Pr♦✈❡♥❛♥❝❡ → ❤✐st♦r② ♦❢ ♦♣❡r❛t✐♦♥ ❛♣♣❧✐❡❞ t♦ ❛ ❞✐❣✐t❛❧ ♦❜❥❡❝t Pr♦✈❡♥❛♥❝❡ ✐s ❛♥ ✐♠♣♦rt❛♥t ✐ss✉❡

  • ✐✈❡s ❤✐st♦r② ♦❢ ❡✈❡♥ts

❆❧❧♦✇s t♦ ✈❡r✐❢② t❤❡ ❛✉t❤❡♥t✐❝✐t② ♦❢ ❞❛t❛ ❉❡t❡r♠✐♥❡s q✉❛❧✐t② ♦❢ ❞❛t❛ ❙✉♣♣♦rts r❡s❡❛r❝❤❡rs ✐♥ ♠❛♥② ✇❛②s ✭❡✳❣✳ r❡✲❡①❡❝✉t✐♥❣ ❡①♣❡r✐♠❡♥ts✮

Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ ✐❘❖❉❙ ❞♦❡s ♥♦t ❝❛♣t✉r❡ ❝❤❛♥❣❡s ♠❛❞❡ t♦ ❞❛t❛ ✐❘❖❉❙✬s ♠❡t❛❞❛t❛ ✐s ♥♦t s✉✣❝✐❡♥t t♦ ❝❛♣t✉r❡ ✇♦r❦✢♦✇s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 24

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❖✈❡r✈✐❡✇

Pr♦✈❡♥❛♥❝❡ → ❤✐st♦r② ♦❢ ♦♣❡r❛t✐♦♥ ❛♣♣❧✐❡❞ t♦ ❛ ❞✐❣✐t❛❧ ♦❜❥❡❝t Pr♦✈❡♥❛♥❝❡ ✐s ❛♥ ✐♠♣♦rt❛♥t ✐ss✉❡

  • ✐✈❡s ❤✐st♦r② ♦❢ ❡✈❡♥ts

❆❧❧♦✇s t♦ ✈❡r✐❢② t❤❡ ❛✉t❤❡♥t✐❝✐t② ♦❢ ❞❛t❛ ❉❡t❡r♠✐♥❡s q✉❛❧✐t② ♦❢ ❞❛t❛ ❙✉♣♣♦rts r❡s❡❛r❝❤❡rs ✐♥ ♠❛♥② ✇❛②s ✭❡✳❣✳ r❡✲❡①❡❝✉t✐♥❣ ❡①♣❡r✐♠❡♥ts✮

Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ ✐❘❖❉❙ ❞♦❡s ♥♦t ❝❛♣t✉r❡ ❝❤❛♥❣❡s ♠❛❞❡ t♦ ❞❛t❛ ✐❘❖❉❙✬s ♠❡t❛❞❛t❛ ✐s ♥♦t s✉✣❝✐❡♥t t♦ ❝❛♣t✉r❡ ✇♦r❦✢♦✇s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 25

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❑❡② ❘❡q✉✐r❡♠❡♥ts

▼❛♥❛❣❡ ❞❛t❛ t❤r♦✉❣❤♦✉t ✐ts ❧✐❢❡❝②❝❧❡ ❈❛♣t✉r❡ ❛♥❞ r❡❝♦r❞ ✐♥❢♦r♠❛t✐♦♥ ❛❜♦✉t t❤❡ ❞❛t❛ ❛♥❛❧②s✐s ❊♥❢♦r❝❡ ♦✇♥❡rs❤✐♣ ♦❢ ❞❛t❛ t❤♦✉❣❤♦✉t ✐ts ❧✐❢❡t✐♠❡ ❊♥s✉r❡ ❞❛t❛ ❛❝❝❡ss ✐s ❛✉❞✐t❛❜❧❡ ❊♥s✉r❡ ✐♥❢r❛str✉❝t✉r❡ ✐s r♦❜✉st ❛♥❞ s❝❛❧❛❜❧❡

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 26

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 27

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

P❆❙❖❆

■♥❞❡♣❡♥❞❡♥t ♣r♦t♦❝♦❧s ❢♦r r❡❝♦r❞✐♥❣ ❛♥❞ ❛❝❝❡ss✐♥❣ ♣r♦✈❡♥❛♥❝❡

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 28

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❑❛r♠❛

♣r♦❝❡ss❡s P✉❜❧✐s❤✲s✉❜s❝r✐❜❡ ♥♦t✐✜❝❛t✐♦♥ ♣r♦t♦❝♦❧

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 29

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❖✉t❧✐♥❡

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ❆❝❝❡ss ❈♦♥tr♦❧ ✐♥ ✐❘❖❉❙ ❙❤✐❜❜♦❧❡t❤ ❆❙P✐❙ ❆❝❝❡ss ❈♦♥tr♦❧ ❙②st❡♠

✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 30

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

Pr♦✈❡♥❛♥❝❡ ❙②st❡♠ ❘❡q✉✐r❡♠❡♥ts

▼❡❡t ♣r♦✈❡♥❛♥❝❡ r❡q✉✐r❡♠❡♥ts ◆♦ ✐♥t❡r❢❡r❡♥❝❡ ✇✐t❤ ✐❘❖❉❙ ❝♦r❡ s②st❡♠ Pr♦✈❡♥❛♥❝❡ s②st❡♠ s❤♦✉❧❞ ❜❡ ❛♣♣❧✐❝❛❜❧❡ ❢♦r ❛♥② ♦t❤❡r s②st❡♠ ❊❛s② t♦ ✉s❡ ❊❧✐♠✐♥❛t❡ s✐♥❣❧❡ ♣♦✐♥t ♦❢ ❢❛✐❧✉r❡ ✇✐t❤✐♥ P❆❙❖❆ ❛♥❞ ❑❛r♠❛

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 31

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

Pr♦✈❡♥❛♥❝❡ ❙②st❡♠ ❉❡s✐❣♥ ■❞❡❛s

▼✐❝r♦s❡r✈✐❝❡ ❲r❛♣♣❡r ❊♠❜❡❞ ✉s❡r ♠✐❝r♦s❡r✈✐❝❡ ✐♥ ♣r♦✈❡♥❛♥❝❡ ♠✐❝r♦s❡r✈✐❝❡ ❈❛♣t✉r✐♥❣ ❛❧❧ ✐♥❢♦r♠❛t✐♦♥ ❯s❡r ♠✐❝r♦s❡r✈✐❝❡ ❤❛s t♦ ❜❡ ♠♦❞✐✜❡❞

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 32

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

Pr♦✈❡♥❛♥❝❡ ❙②st❡♠ ❉❡s✐❣♥ ■❞❡❛s

▼✐❝r♦s❡r✈✐❝❡ ❈❤❛✐♥ ❊♠❜❡❞ ♣r♦✈❡♥❛♥❝❡ ♠✐❝r♦s❡r✈✐❝❡ ✐♥ ✉s❡r ♠✐❝r♦s❡r✈✐❝❡ ❯s❡r ❞❡❛❧s ✇✐t❤ ❝❛♣t✉r✐♥❣ s♣❡❝✐✜❝ ❞❛t❛ ❉❡❝♦✉♣❧❡s ❝❛♣t✉r✐♥❣ ❛♥❞ r❡❛❞✐♥❣

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 33

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r② Pr♦✈❡♥❛♥❝❡ ✐♥ ✐❘❖❉❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠s ❆❙P✐❙ Pr♦✈❡♥❛♥❝❡ ❙②st❡♠

❆ Pr♦✈❡♥❛♥❝❡ ❋r❛♠❡✇♦r❦

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❘❡❝♦r❞✐♥❣ s❡r✈✐❝❡ ✭P✲❙❡r✈✐❝❡✮ ✰ ◗✉❡r②✐♥❣ s❡r✈✐❝❡ ✭◗✲❙❡r✈✐❝❡✮ ❇❛❧❛♥❝❡❞ ❞✐str✐❜✉t❡❞ ✇❡❜ s❡r✈✐❝❡ ❧♦♦❦✉♣ s②st❡♠

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 34

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

❲♦r❦ s♦ ❢❛r ✫ ❋✉t✉r❡ ♣❧❛♥s

❈♦♠♣❧❡t❡❞ ❲♦r❦ ▲✐❛s❡❞ ✇✐t❤ ♣♦t❡♥t✐❛❧ ✉s❡rs ❛♥❞ ❞❡t❡r♠✐♥❡❞ ✐♥✐t✐❛❧ ✉s❡ ❝❛s❡s ❉❡✈❡❧♦♣❡❞ ♣r♦t♦t②♣❡s ❢♦r ✐❘❖❉❙✲❙❤✐❜❜♦❧❡t❤ ✐♥t❡❣r❛t✐♦♥ ❉❡✈❡❧♦♣❡❞ ♣r♦t♦t②♣❡s ❢♦r ✐❘❖❉❙✲Pr♦✈❡♥❛♥❝❡ ✐♥t❡❣r❛t✐♦♥ ❋✉t✉r❡ ❲♦r❦ ❘❡✜♥❡ ♣r♦t♦t②♣❡s ♦❢ ❛❝❝❡ss ❝♦♥tr♦❧ ❛♥❞ ♣r♦✈❡♥❛♥❝❡ s②st❡♠s ■♥t❡❣r❛t✐♦♥ ♦❢ ❛❝❝❡ss ❝♦♥tr♦❧ ❛♥❞ ♣r♦✈❡♥❛♥❝❡ s②st❡♠s ❚❡st✐♥❣ ✇✐t❤ ✉s❡ ❝❛s❡s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

slide-35
SLIDE 35

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

❲♦r❦ s♦ ❢❛r ✫ ❋✉t✉r❡ ♣❧❛♥s

❈♦♠♣❧❡t❡❞ ❲♦r❦ ▲✐❛s❡❞ ✇✐t❤ ♣♦t❡♥t✐❛❧ ✉s❡rs ❛♥❞ ❞❡t❡r♠✐♥❡❞ ✐♥✐t✐❛❧ ✉s❡ ❝❛s❡s ❉❡✈❡❧♦♣❡❞ ♣r♦t♦t②♣❡s ❢♦r ✐❘❖❉❙✲❙❤✐❜❜♦❧❡t❤ ✐♥t❡❣r❛t✐♦♥ ❉❡✈❡❧♦♣❡❞ ♣r♦t♦t②♣❡s ❢♦r ✐❘❖❉❙✲Pr♦✈❡♥❛♥❝❡ ✐♥t❡❣r❛t✐♦♥ ❋✉t✉r❡ ❲♦r❦ ❘❡✜♥❡ ♣r♦t♦t②♣❡s ♦❢ ❛❝❝❡ss ❝♦♥tr♦❧ ❛♥❞ ♣r♦✈❡♥❛♥❝❡ s②st❡♠s ■♥t❡❣r❛t✐♦♥ ♦❢ ❛❝❝❡ss ❝♦♥tr♦❧ ❛♥❞ ♣r♦✈❡♥❛♥❝❡ s②st❡♠s ❚❡st✐♥❣ ✇✐t❤ ✉s❡ ❝❛s❡s

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙

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SLIDE 36

✐❘❖❉❙ ❛♥❞ ❙❤✐❜❜♦❧❡t❤ ✐❘❖❉❙ ❛♥❞ Pr♦✈❡♥❛♥❝❡ ❙✉♠♠❛r②

❈♦♥t❛❝ts

♠❛r❦✳❤❡❞❣❡s ❛t ❦❝❧✳❛❝✳✉❦ ❡r✐❝✳❧✐❛♦ ❛t ❦❝❧✳❛❝✳✉❦ t♦❜✐❛s✳❜❧❛♥❦❡ ❛t ❦❝❧✳❛❝✳✉❦ ❛✳❤❛s❛♥ ❛t r❧✳❛❝✳✉❦ ❥✳❥❡♥s❡♥ ❛t st❢❝✳❛❝✳✉❦

▼❛r❦ ❍❡❞❣❡s ❡t ❛❧✳ ❆❙P✐❙