t rt t r - - PowerPoint PPT Presentation

t rt
SMART_READER_LITE
LIVE PREVIEW

t rt t r - - PowerPoint PPT Presentation

t rt t r sttt Pt t r t r


slide-1
SLIDE 1

■♥t❡❧✐❣ê♥❝✐❛ ❆rt✐✜❝✐❛❧

❆♥tó♥✐♦ ❆❜r❡✉

■♥st✐t✉t♦ P♦❧✐té❝♥✐❝♦ ❞❡ ❙❡tú❜❛❧

✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶ ✴ ✹✸

slide-2
SLIDE 2

❖✈❡r✈✐❡✇

❉❡✜♥✐çã♦

❍✐stór✐❛

Pr❡s❡♥t❡

➪r❡❛s✴❆♣❧✐❝❛çõ❡s

❋✉t✉r♦

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷ ✴ ✹✸

slide-3
SLIDE 3

■♥t❡❧✐❣ê♥❝✐❛ ✭❞✐❝❝✐♦♥ár✐♦ ♣r✐❜❡r❛♠✮

❈♦♥❥✉♥t♦ ❞❡ t♦❞❛s ❛s ❢❛❝✉❧❞❛❞❡s ✐♥t❡❧❡❝t✉❛✐s ✭♠❡♠ór✐❛✱ ✐♠❛❣✐♥❛çã♦✱ ❥✉í③♦✱ r❛❝✐♦❝í♥✐♦✱ ❛❜str❛❝çã♦ ❡ ❝♦♥❝❡♣çã♦✮✳ ✐♥t❡❧✐❣ê♥❝✐❛ ❛rt✐✜❝✐❛❧ ✕ ❘❛♠♦ ❞❛ ✐♥❢♦r♠át✐❝❛ q✉❡ ❡st✉❞❛ ♦ ❞❡s❡♥✈♦❧✈✐♠❡♥t♦ ❞❡ s✐st❡♠❛s ❝♦♠♣✉t❛❝✐♦♥❛✐s ❝♦♠ ❜❛s❡ ♥♦ ❝♦♥❤❡❝✐♠❡♥t♦ s♦❜r❡ ❛ ✐♥t❡❧✐❣ê♥❝✐❛ ❤✉♠❛♥❛✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸ ✴ ✹✸

slide-4
SLIDE 4

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❍❛✉❣❡❧❛♥❞✱ ✶✾✽✺

✏❚❤❡ ❡①❝✐t✐♥❣ ♥❡✇ ❡✛♦rt t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs t❤✐♥❦ ✳✳✳ ♠❛❝❤✐♥❡s ✇✐t❤ ♠✐♥❞s✱ ✐♥ t❤❡ ❢✉❧❧ ❛♥❞ ❧✐t❡r❛❧ s❡♥s❡✑✳

❇❡❧❧♠❛♥✱ ✶✾✼✽

✏❚❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ❛❝t✐✈✐t✐❡s t❤❛t ✇❡ ❛ss♦❝✐❛t❡ ✇✐t❤ ❤✉♠❛♥ t❤✐♥❦✐♥❣✱ ❛❝t✐✈✐t✐❡s s✉❝❤ ❛s ❞❡❝✐s✐♦♥✲♠❛❦✐♥❣✱ ♣r♦❜❧❡♠ s♦❧✈✐♥❣✱ ❧❡❛r♥✐♥❣ ✳✳✳✑✳

❈❤❛r♥✐❛❦ ❛♥❞ ▼❝❉❡r♠♦tt✱ ✶✾✽✺

✏❚❤❡ st✉❞② ♦❢ ♠❡♥t❛❧ ❢❛❝✉❧t✐❡s t❤r♦✉❣❤ t❤❡ ✉s❡ ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♠♦❞❡❧s✑✳

❲✐♥st♦♥✱ ✶✾✾✷

✏❚❤❡ st✉❞② ♦❢ t❤❡ ❝♦♠♣✉t❛t✐♦♥s t❤❛t ♠❛❦❡ ✐t ♣♦ss✐❜❧❡ t♦ ♣❡r❝❡✐✈❡✱ r❡❛s♦♥✱ ❛♥❞ ❛❝t✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹ ✴ ✹✸

slide-5
SLIDE 5

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❍❛✉❣❡❧❛♥❞✱ ✶✾✽✺

✏❚❤❡ ❡①❝✐t✐♥❣ ♥❡✇ ❡✛♦rt t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs t❤✐♥❦ ✳✳✳ ♠❛❝❤✐♥❡s ✇✐t❤ ♠✐♥❞s✱ ✐♥ t❤❡ ❢✉❧❧ ❛♥❞ ❧✐t❡r❛❧ s❡♥s❡✑✳

❇❡❧❧♠❛♥✱ ✶✾✼✽

✏❚❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ❛❝t✐✈✐t✐❡s t❤❛t ✇❡ ❛ss♦❝✐❛t❡ ✇✐t❤ ❤✉♠❛♥ t❤✐♥❦✐♥❣✱ ❛❝t✐✈✐t✐❡s s✉❝❤ ❛s ❞❡❝✐s✐♦♥✲♠❛❦✐♥❣✱ ♣r♦❜❧❡♠ s♦❧✈✐♥❣✱ ❧❡❛r♥✐♥❣ ✳✳✳✑✳

❈❤❛r♥✐❛❦ ❛♥❞ ▼❝❉❡r♠♦tt✱ ✶✾✽✺

✏❚❤❡ st✉❞② ♦❢ ♠❡♥t❛❧ ❢❛❝✉❧t✐❡s t❤r♦✉❣❤ t❤❡ ✉s❡ ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♠♦❞❡❧s✑✳

❲✐♥st♦♥✱ ✶✾✾✷

✏❚❤❡ st✉❞② ♦❢ t❤❡ ❝♦♠♣✉t❛t✐♦♥s t❤❛t ♠❛❦❡ ✐t ♣♦ss✐❜❧❡ t♦ ♣❡r❝❡✐✈❡✱ r❡❛s♦♥✱ ❛♥❞ ❛❝t✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹ ✴ ✹✸

slide-6
SLIDE 6

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❍❛✉❣❡❧❛♥❞✱ ✶✾✽✺

✏❚❤❡ ❡①❝✐t✐♥❣ ♥❡✇ ❡✛♦rt t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs t❤✐♥❦ ✳✳✳ ♠❛❝❤✐♥❡s ✇✐t❤ ♠✐♥❞s✱ ✐♥ t❤❡ ❢✉❧❧ ❛♥❞ ❧✐t❡r❛❧ s❡♥s❡✑✳

❇❡❧❧♠❛♥✱ ✶✾✼✽

✏❚❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ❛❝t✐✈✐t✐❡s t❤❛t ✇❡ ❛ss♦❝✐❛t❡ ✇✐t❤ ❤✉♠❛♥ t❤✐♥❦✐♥❣✱ ❛❝t✐✈✐t✐❡s s✉❝❤ ❛s ❞❡❝✐s✐♦♥✲♠❛❦✐♥❣✱ ♣r♦❜❧❡♠ s♦❧✈✐♥❣✱ ❧❡❛r♥✐♥❣ ✳✳✳✑✳

❈❤❛r♥✐❛❦ ❛♥❞ ▼❝❉❡r♠♦tt✱ ✶✾✽✺

✏❚❤❡ st✉❞② ♦❢ ♠❡♥t❛❧ ❢❛❝✉❧t✐❡s t❤r♦✉❣❤ t❤❡ ✉s❡ ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♠♦❞❡❧s✑✳

❲✐♥st♦♥✱ ✶✾✾✷

✏❚❤❡ st✉❞② ♦❢ t❤❡ ❝♦♠♣✉t❛t✐♦♥s t❤❛t ♠❛❦❡ ✐t ♣♦ss✐❜❧❡ t♦ ♣❡r❝❡✐✈❡✱ r❡❛s♦♥✱ ❛♥❞ ❛❝t✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹ ✴ ✹✸

slide-7
SLIDE 7

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❍❛✉❣❡❧❛♥❞✱ ✶✾✽✺

✏❚❤❡ ❡①❝✐t✐♥❣ ♥❡✇ ❡✛♦rt t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs t❤✐♥❦ ✳✳✳ ♠❛❝❤✐♥❡s ✇✐t❤ ♠✐♥❞s✱ ✐♥ t❤❡ ❢✉❧❧ ❛♥❞ ❧✐t❡r❛❧ s❡♥s❡✑✳

❇❡❧❧♠❛♥✱ ✶✾✼✽

✏❚❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ❛❝t✐✈✐t✐❡s t❤❛t ✇❡ ❛ss♦❝✐❛t❡ ✇✐t❤ ❤✉♠❛♥ t❤✐♥❦✐♥❣✱ ❛❝t✐✈✐t✐❡s s✉❝❤ ❛s ❞❡❝✐s✐♦♥✲♠❛❦✐♥❣✱ ♣r♦❜❧❡♠ s♦❧✈✐♥❣✱ ❧❡❛r♥✐♥❣ ✳✳✳✑✳

❈❤❛r♥✐❛❦ ❛♥❞ ▼❝❉❡r♠♦tt✱ ✶✾✽✺

✏❚❤❡ st✉❞② ♦❢ ♠❡♥t❛❧ ❢❛❝✉❧t✐❡s t❤r♦✉❣❤ t❤❡ ✉s❡ ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♠♦❞❡❧s✑✳

❲✐♥st♦♥✱ ✶✾✾✷

✏❚❤❡ st✉❞② ♦❢ t❤❡ ❝♦♠♣✉t❛t✐♦♥s t❤❛t ♠❛❦❡ ✐t ♣♦ss✐❜❧❡ t♦ ♣❡r❝❡✐✈❡✱ r❡❛s♦♥✱ ❛♥❞ ❛❝t✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹ ✴ ✹✸

slide-8
SLIDE 8

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❑✉r③✇❡✐❧✱ ✶✾✾✵

✏❚❤❡ ❛rt ♦❢ ❝r❡❛t✐♥❣ ♠❛❝❤✐♥❡s t❤❛t ♣❡r❢♦r♠ ❢✉♥❝t✐♦♥s t❤❛t r❡q✉✐r❡ ✐♥t❡❧❧✐❣❡♥❝❡ ✇❤❡♥ ♣❡r❢♦r♠❡❞ ❜② ♣❡♦♣❧❡✑✳

❘✐❝❤ ❛♥❞ ❑♥✐❣❤t✱ ✶✾✾✶

✏❚❤❡ st✉❞② ♦❢ ❤♦✇ t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs ❞♦ t❤✐♥❣s ❛t ✇❤✐❝❤✱ ❛t t❤❡ ♠♦♠❡♥t✱ ♣❡♦♣❧❡ ❛r❡ ❜❡tt❡r✑✳

❙❝❤❛❧❦♦✛✱ ✶✾✾✵

✏❆ ✜❡❧❞ ♦❢ st✉❞② t❤❛t s❡❡❦s t♦ ❡①♣❧❛✐♥ ❛♥❞ ❡♠✉❧❛t❡ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r ✐♥ t❡r♠s ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♣r♦❝❡ss❡s✑✳

▲✉❣❡r ❛♥❞ ❙t✉❜❜❧❡✜❡❧❞✱ ✶✾✾✸

✏❚❤❡ ❜r❛♥❝❤ ♦❢ ❝♦♠♣✉t❡r s❝✐❡♥❝❡ t❤❛t ✐s ❝♦♥❝❡r♥❡❞ ✇✐t❤ t❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✺ ✴ ✹✸

slide-9
SLIDE 9

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❑✉r③✇❡✐❧✱ ✶✾✾✵

✏❚❤❡ ❛rt ♦❢ ❝r❡❛t✐♥❣ ♠❛❝❤✐♥❡s t❤❛t ♣❡r❢♦r♠ ❢✉♥❝t✐♦♥s t❤❛t r❡q✉✐r❡ ✐♥t❡❧❧✐❣❡♥❝❡ ✇❤❡♥ ♣❡r❢♦r♠❡❞ ❜② ♣❡♦♣❧❡✑✳

❘✐❝❤ ❛♥❞ ❑♥✐❣❤t✱ ✶✾✾✶

✏❚❤❡ st✉❞② ♦❢ ❤♦✇ t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs ❞♦ t❤✐♥❣s ❛t ✇❤✐❝❤✱ ❛t t❤❡ ♠♦♠❡♥t✱ ♣❡♦♣❧❡ ❛r❡ ❜❡tt❡r✑✳

❙❝❤❛❧❦♦✛✱ ✶✾✾✵

✏❆ ✜❡❧❞ ♦❢ st✉❞② t❤❛t s❡❡❦s t♦ ❡①♣❧❛✐♥ ❛♥❞ ❡♠✉❧❛t❡ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r ✐♥ t❡r♠s ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♣r♦❝❡ss❡s✑✳

▲✉❣❡r ❛♥❞ ❙t✉❜❜❧❡✜❡❧❞✱ ✶✾✾✸

✏❚❤❡ ❜r❛♥❝❤ ♦❢ ❝♦♠♣✉t❡r s❝✐❡♥❝❡ t❤❛t ✐s ❝♦♥❝❡r♥❡❞ ✇✐t❤ t❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✺ ✴ ✹✸

slide-10
SLIDE 10

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❑✉r③✇❡✐❧✱ ✶✾✾✵

✏❚❤❡ ❛rt ♦❢ ❝r❡❛t✐♥❣ ♠❛❝❤✐♥❡s t❤❛t ♣❡r❢♦r♠ ❢✉♥❝t✐♦♥s t❤❛t r❡q✉✐r❡ ✐♥t❡❧❧✐❣❡♥❝❡ ✇❤❡♥ ♣❡r❢♦r♠❡❞ ❜② ♣❡♦♣❧❡✑✳

❘✐❝❤ ❛♥❞ ❑♥✐❣❤t✱ ✶✾✾✶

✏❚❤❡ st✉❞② ♦❢ ❤♦✇ t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs ❞♦ t❤✐♥❣s ❛t ✇❤✐❝❤✱ ❛t t❤❡ ♠♦♠❡♥t✱ ♣❡♦♣❧❡ ❛r❡ ❜❡tt❡r✑✳

❙❝❤❛❧❦♦✛✱ ✶✾✾✵

✏❆ ✜❡❧❞ ♦❢ st✉❞② t❤❛t s❡❡❦s t♦ ❡①♣❧❛✐♥ ❛♥❞ ❡♠✉❧❛t❡ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r ✐♥ t❡r♠s ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♣r♦❝❡ss❡s✑✳

▲✉❣❡r ❛♥❞ ❙t✉❜❜❧❡✜❡❧❞✱ ✶✾✾✸

✏❚❤❡ ❜r❛♥❝❤ ♦❢ ❝♦♠♣✉t❡r s❝✐❡♥❝❡ t❤❛t ✐s ❝♦♥❝❡r♥❡❞ ✇✐t❤ t❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✺ ✴ ✹✸

slide-11
SLIDE 11

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❑✉r③✇❡✐❧✱ ✶✾✾✵

✏❚❤❡ ❛rt ♦❢ ❝r❡❛t✐♥❣ ♠❛❝❤✐♥❡s t❤❛t ♣❡r❢♦r♠ ❢✉♥❝t✐♦♥s t❤❛t r❡q✉✐r❡ ✐♥t❡❧❧✐❣❡♥❝❡ ✇❤❡♥ ♣❡r❢♦r♠❡❞ ❜② ♣❡♦♣❧❡✑✳

❘✐❝❤ ❛♥❞ ❑♥✐❣❤t✱ ✶✾✾✶

✏❚❤❡ st✉❞② ♦❢ ❤♦✇ t♦ ♠❛❦❡ ❝♦♠♣✉t❡rs ❞♦ t❤✐♥❣s ❛t ✇❤✐❝❤✱ ❛t t❤❡ ♠♦♠❡♥t✱ ♣❡♦♣❧❡ ❛r❡ ❜❡tt❡r✑✳

❙❝❤❛❧❦♦✛✱ ✶✾✾✵

✏❆ ✜❡❧❞ ♦❢ st✉❞② t❤❛t s❡❡❦s t♦ ❡①♣❧❛✐♥ ❛♥❞ ❡♠✉❧❛t❡ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r ✐♥ t❡r♠s ♦❢ ❝♦♠♣✉t❛t✐♦♥❛❧ ♣r♦❝❡ss❡s✑✳

▲✉❣❡r ❛♥❞ ❙t✉❜❜❧❡✜❡❧❞✱ ✶✾✾✸

✏❚❤❡ ❜r❛♥❝❤ ♦❢ ❝♦♠♣✉t❡r s❝✐❡♥❝❡ t❤❛t ✐s ❝♦♥❝❡r♥❡❞ ✇✐t❤ t❤❡ ❛✉t♦♠❛t✐♦♥ ♦❢ ✐♥t❡❧❧✐❣❡♥t ❜❡❤❛✈✐♦r✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✺ ✴ ✹✸

slide-12
SLIDE 12

❉❡✜♥✐çã♦ s❡❣✉♥❞♦ ✐♥✈❡st✐❣❛❞♦r❡s ♣r♦❡♠✐♥❡♥t❡s

❏♦❤♥ ▼❝❈❛rt❤② ❛♥❞ ❈❧❛✉❞❡ ❙❤❛♥♥♦♥ ❉❛rt♠♦✉t❤ ❲♦r❦s❤♦♣ Pr♦♣♦s❛❧✱ ✶✾✺✻

✏❆♥ ❛tt❡♠♣t ✇✐❧❧ ❜❡ ♠❛❞❡ t♦ ✜♥❞ ❤♦✇ t♦ ♠❛❦❡ ♠❛❝❤✐♥❡s ✉s❡ ❧❛♥❣✉❛❣❡✱ ❢♦r♠ ❛❜str❛❝t✐♦♥s ❛♥❞ ❝♦♥❝❡♣ts✱ s♦❧✈❡ ❦✐♥❞s ♦❢ ♣r♦❜❧❡♠s ♥♦✇ r❡s❡r✈❡❞ ❢♦r ❤✉♠❛♥s✱ ❛♥❞ ✐♠♣r♦✈❡ t❤❡♠s❡❧✈❡s✳ ❲❡ t❤✐♥❦ t❤❛t ❛ s✐❣♥✐✜❝❛♥t ❛❞✈❛♥❝❡ ❝❛♥ ❜❡ ♠❛❞❡ ✐❢ ✇❡ ✇♦r❦ ♦♥ ✐t t♦❣❡t❤❡r ❢♦r ❛ s✉♠♠❡r✳✑✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✻ ✴ ✹✸

slide-13
SLIDE 13

❉❡✜♥✐çã♦ ❞❡ ■♥t❡❧✐❣ê♥❝✐❛✱ s❡❣✉♥❞♦ ❛ ■❆

r❡♣r❡s❡♥t❛r ❝♦♥❤❡❝✐♠❡♥t♦❀ r❛❝✐♦❝í♥✐♦❀ ✉s❛r ❡str❛té❣✐❛❀ ♣❧❛♥❡❛r❀ ❛♣r❡♥❞❡r❀ ❝♦♠♠✉♥✐❝❛r ❡♠ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧❀

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✼ ✴ ✹✸

slide-14
SLIDE 14

❊①❡♠♣❧♦ ❞❡ ✉♠ ♣r♦❣r❛♠❛ ❞❡ ■❆

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✽ ✴ ✹✸

slide-15
SLIDE 15

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✾ ✴ ✹✸

slide-16
SLIDE 16

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✵ ✴ ✹✸

slide-17
SLIDE 17

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✶ ✴ ✹✸

slide-18
SLIDE 18

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✷ ✴ ✹✸

slide-19
SLIDE 19

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✸ ✴ ✹✸

slide-20
SLIDE 20

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✹ ✴ ✹✸

slide-21
SLIDE 21

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✺ ✴ ✹✸

slide-22
SLIDE 22

P❛❝♠❛♥

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✻ ✴ ✹✸

slide-23
SLIDE 23

➪r✈♦r❡ ❞♦ ❥♦❣♦

❞❡t❡r♠✐♥íst✐❝♦✱ t♦t❛❧♠❡♥t❡ ♦❜s❡r✈á✈❡❧

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✼ ✴ ✹✸

slide-24
SLIDE 24

❏♦❣♦ ❞♦ ❣❛❧♦ ✭ ✾✦ ❂ ✸✻✷✳✽✽✵ ❥♦❣❛❞❛s ♣♦ssí✈❡✐s✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✽ ✴ ✹✸

slide-25
SLIDE 25

❳❛❞r❡③ ✭✶✵✹✵ ❥♦❣❛❞❛s ♣♦ssí✈❡✐s✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✶✾ ✴ ✹✸

slide-26
SLIDE 26

P❛❝♠❛♥

❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂③❍❘❧❈❙❯❡✵◗✵

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✵ ✴ ✹✸

slide-27
SLIDE 27

❈♦♠♣❧❡①✐❞❛❞❡ ❞♦s ♣r♦❜❧❡♠❛s

❞❡t❡r♠✐♥íst✐❝♦ ❡st♦❝ást✐❝♦ ♦❜s❡r✈á✈❡❧ ❡s❝♦♥❞✐❞♦

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✶ ✴ ✹✸

slide-28
SLIDE 28

❚❡st❡s ❞❡ ■❆

❚❡st❡ ❞❡ ❚✉r✐♥❣ ❖ ❥✉✐③ ❢❛❧❛ ❝♦♠ ✉♠❛ ♠áq✉✐♥❛ ❡ ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❛tr❛✈és ❞❡ ✉♠ t❡r♠✐♥❛❧ ❞❡ ✉♠ ❝♦♠♣✉t❛❞♦r ✭♦✉ s❡❥❛✱ ♥ã♦ ♦s ✈ê✮ ✉s❛♥❞♦ s♦♠❡♥t❡ t❡①t♦✳ ❆ ♠áq✉✐♥❛ ❝♦rr❡ ♦ ♣r♦❣r❛♠❛ ❞❡ ■❆ q✉❡ s❡ ♣r❡t❡♥❞❡ t❡st❛r✳ ❆ ♠áq✉✐♥❛ ♣❛ss❛ ♦ t❡st❡ s❡ ♦ ❥✉✐③ ♥ã♦ ❝♦♥s❡❣✉✐r ❞✐st✐♥❣✉✐r ♦ ❤✉♠❛♥♦ ❞❛ ♠áq✉✐♥❛✳ ❚❡st❡ ❞♦ ❈❛❢é ✭●♦❡rt③❡❧✮ ❆ ♠áq✉✐♥❛ t❡♠ ♣♦r ♦❜❥❡t✐✈♦ ✐r ❛ ✉♠❛ ❝❛s❛ ♥♦r♠❛❧ ❡ s❡r ❝❛♣❛③ ❞❡ ❢❛③❡r ✉♠ ❝❛❢é ✭❡♥❝♦♥tr❛r ❛ ❝♦③✐♥❤❛✱ ❛ ♠áq✉✐♥❛✱ ♦ ❝❛❢é✱ ❛ á❣✉❛✱ ✉♠❛ ❝❤❛✈❡♥❛✱ ♦♣❡r❛r ❛ ♠áq✉✐♥❛ ❞❡ ♠♦❡r ♦ ❝❛❢é ❡ ❛ ❞❡ ❢❛③❡r ♦ ❝❛❢é✮✳ ❚❡st❡ ❞♦ r♦❜ô ❡st✉❞❛♥t❡ ✭●♦❡rt③❡❧✮ ❆ ♠áq✉✐♥❛ ❞❡✈❡ s❡r ❝❛♣❛③ ❞❡ s❡ ✐♥s❝r❡✈❡r ♥✉♠❛ ✉♥✐✈❡rs✐❞❛❞❡✱ ❛ss✐st✐r às ❛✉❧❛s✱ ♦❜t❡r ❛♣r♦✈❛çã♦ ♥❛s ❞✐s❝✐♣❧✐♥❛s ❡ ✜♥❛❧♠❡♥t❡ ♦❜t❡r ♦ ❣r❛✉✳ ❚❡st❡ ❞♦ ❡♠♣r❡❣♦ ✭◆✐❧ss♦♥✮ ❆ ♠áq✉✐♥❛ t❡♠ ♣♦r ♦❜❥❡t✐✈♦ ❞❡s❡♠♣❡♥❤❛r ✉♠❛ ❢✉♥çã♦ ✭❡✳❣✳✱ ❡❝♦♥♦♠✐st❛✮✱ ❞❡✈❡♥❞♦ t❡r ✉♠ ❞❡s❡♠♣❡♥❤♦ ♠❡❧❤♦r q✉❡ ♦ ❞♦s ❤✉♠❛♥♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✷ ✴ ✹✸

slide-29
SLIDE 29

■❆ ✕ ❢♦rt❡ ❡ ❢r❛❝❛

■❆ ❋❖❘❚❊ ❡st✉❞♦ ❞♦s ♠❡❝❛♥✐s♠♦s ❞❛ ✐♥t❡❧✐❣ê♥❝✐❛ q✉❡ ♣❡r♠✐t❛♠ ❛ ✉♠❛ ♠áq✉✐♥❛ ❞❡s❡♠♣❡♥❤❛r ❝♦♠ s✉❝❡ss♦ ❛s t❛r❡❢❛s ❛tr✐❜✉í❞❛s ❛ ❤✉♠❛♥♦s✳ ■❆ ❋❘❆❈❆ Pr♦❣r❛♠❛çã♦ ❞❡ ❝♦♠♣✉t❛❞♦r❡s ❝♦♠ ✈✐st❛ ❛ ❞❡s❡♠♣❡♥❤❛r ❝♦♠ s✉❝❡ss♦ t❛r❡❢❛s ❡s♣❡❝í✜❝❛s ❞❡ r❡s♦❧✉çã♦ ❞❡ ♣r♦❜❧❡♠❛s ❡ r❛❝✐♦❝í♥✐♦✳ ❈♦♥tr❛r✐❛♠❡♥t❡ à ■❆ ❋❖❘❚❊✱ ♥ã♦ s❡ t❡♥t❛ s✐♠✉❧❛r t♦❞❛s ❛s ❝❛♣❛❝✐❞❛❞❡s ❝♦❣♥✐t✐✈❛s ❞♦s ❤✉♠❛♥♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✸ ✴ ✹✸

slide-30
SLIDE 30

❍✐stór✐❛✴❛♥t❡❝❡❞❡♥t❡s

❋✐❧♦s♦✜❛ ✭❞❡s❞❡ ❆r✐stót❡❧❡s✱ ■❱ ❛❝✮ ▼❛t❡♠át✐❝❛ ✭❧ó❣✐❝❛✱ ♣r♦❜❛❜✐❧✐❞❛❞❡✱ ❝♦♠♣✉t❛❜✐❧✐❞❛❞❡✱ t❡♦r✐❛ ❞❡ ❥♦❣♦s✮ Ps✐❝♦❧♦❣✐❛ ✭✈✐sã♦ ❤✉♠❛♥❛✱ ❝♦♠♣♦rt❛♠❡♥t❛❧✐s♠♦✱ ❝♦❣♥✐t✐✈✐s♠♦✮ ❊♥❣❡♥❤❛r✐❛ ✭❝♦♠♣✉t❛❞♦r❡s✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✹ ✴ ✹✸

slide-31
SLIDE 31

❍✐stór✐❛✴❛♥t❡❝❡❞❡♥t❡s

❋✐❧♦s♦✜❛ ✭❞❡s❞❡ ❆r✐stót❡❧❡s✱ ■❱ ❛❝✮ ▼❛t❡♠át✐❝❛ ✭❧ó❣✐❝❛✱ ♣r♦❜❛❜✐❧✐❞❛❞❡✱ ❝♦♠♣✉t❛❜✐❧✐❞❛❞❡✱ t❡♦r✐❛ ❞❡ ❥♦❣♦s✮ Ps✐❝♦❧♦❣✐❛ ✭✈✐sã♦ ❤✉♠❛♥❛✱ ❝♦♠♣♦rt❛♠❡♥t❛❧✐s♠♦✱ ❝♦❣♥✐t✐✈✐s♠♦✮ ❊♥❣❡♥❤❛r✐❛ ✭❝♦♠♣✉t❛❞♦r❡s✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✹ ✴ ✹✸

slide-32
SLIDE 32

❍✐stór✐❛✴❛♥t❡❝❡❞❡♥t❡s

❋✐❧♦s♦✜❛ ✭❞❡s❞❡ ❆r✐stót❡❧❡s✱ ■❱ ❛❝✮ ▼❛t❡♠át✐❝❛ ✭❧ó❣✐❝❛✱ ♣r♦❜❛❜✐❧✐❞❛❞❡✱ ❝♦♠♣✉t❛❜✐❧✐❞❛❞❡✱ t❡♦r✐❛ ❞❡ ❥♦❣♦s✮ Ps✐❝♦❧♦❣✐❛ ✭✈✐sã♦ ❤✉♠❛♥❛✱ ❝♦♠♣♦rt❛♠❡♥t❛❧✐s♠♦✱ ❝♦❣♥✐t✐✈✐s♠♦✮ ❊♥❣❡♥❤❛r✐❛ ✭❝♦♠♣✉t❛❞♦r❡s✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✹ ✴ ✹✸

slide-33
SLIDE 33

❍✐stór✐❛✴❛♥t❡❝❡❞❡♥t❡s

❋✐❧♦s♦✜❛ ✭❞❡s❞❡ ❆r✐stót❡❧❡s✱ ■❱ ❛❝✮ ▼❛t❡♠át✐❝❛ ✭❧ó❣✐❝❛✱ ♣r♦❜❛❜✐❧✐❞❛❞❡✱ ❝♦♠♣✉t❛❜✐❧✐❞❛❞❡✱ t❡♦r✐❛ ❞❡ ❥♦❣♦s✮ Ps✐❝♦❧♦❣✐❛ ✭✈✐sã♦ ❤✉♠❛♥❛✱ ❝♦♠♣♦rt❛♠❡♥t❛❧✐s♠♦✱ ❝♦❣♥✐t✐✈✐s♠♦✮ ❊♥❣❡♥❤❛r✐❛ ✭❝♦♠♣✉t❛❞♦r❡s✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✹ ✴ ✹✸

slide-34
SLIDE 34

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-35
SLIDE 35

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-36
SLIDE 36

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-37
SLIDE 37

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-38
SLIDE 38

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-39
SLIDE 39

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-40
SLIDE 40

❍✐stór✐❛ ❞❛ ■❆ ✭❡♥t✉s✐❛s♠♦ ✐♥✐❝✐❛❧✮

❘❡❞❡s ♥❡✉r♦♥❛✐s ❛rt✐✜❝✐❛✐s ✭❲❛rr❡♥ ▼❝❈✉❧❧♦❝❤ ✫ ❲❛❧t❡r P✐tts✱ ✶✾✹✸✮ ❳❛❞r❡③ ✭❚✉r✐♥❣ ✫ ❙❤❛♥♥♦♥✱ ✶✾✺✵s✮ ❲♦r❦s❤♦♣ ❡♠ ❉❛rt♠♦✉t❤✱ ✶✾✺✻ ✭t❡r♠♦ ■❆ ❝✉♥❤❛❞♦✮ ▲♦❣✐❝ ❚❤❡♦r✐st ✭♣r♦❣r❛♠❛ ♣❛r❛ ♣r♦✈❛r t❡♦r❡♠❛s✱ ❆❧❛♥ ◆❡✇❡❧❧ ✫ ❍❡r❜❡rt ❙✐♠♦♥✱ ✶✾✺✺✮ ❏♦❣♦ ❞❡ ❉❛♠❛s ✭❆rt❤✉r ❙❛♠✉❡❧✱ ✶✾✺✷✮ ▼✉♥❞♦ ❞♦s ❜❧♦❝♦s ✭✈✐sã♦✱ ❛♣r❡♥❞✐③❛❣❡♠✱ ❧✐♥❣✉❛❣❡♠ ♥❛t✉r❛❧✱ ♣❧❛♥❡❛♠❡♥t♦✮ ❙✐st❡♠❛s ♣❡r✐❝✐❛✐s ✭❉❊◆❉❘❆▲✱ ▼②❝✐♥✱ P❘❖❙P❊❈❚❖❘✱ ❘✶✮

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✺ ✴ ✹✸

slide-41
SLIDE 41

❍✐stór✐❛ ❞❛ ■❆ ✭❛rr❡❢❡❝✐♠❡♥t♦✮

▼❛♥✐♣✉❧❛çã♦ s✐♥tát✐❝❛ ♥ã♦ ❡s❝❛❧❛ ■♥tr❛t❛❜✐❧✐❞❛❞❡✴❡①♣❧♦sã♦ ❝♦♠❜✐♥❛tór✐❛ ❊✈♦❧✉çã♦ ❞♦s ❝♦♠♣✉t❛❞♦r❡s ❧❡♥t❛ ❘❡♣r❡s❡♥t❛çã♦ ❞❡ ❝♦♥❤❡❝✐♠❡♥t♦ ▲✐♠✐t❛çõ❡s ❢♦rt❡s ❞♦ ♣❡r❝❡trã♦ ❞❡ ✉♠❛ ❝❛♠❛❞❛

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✻ ✴ ✹✸

slide-42
SLIDE 42

❍✐stór✐❛ ❞❛ ■❆ ✭❛rr❡❢❡❝✐♠❡♥t♦✮

▼❛♥✐♣✉❧❛çã♦ s✐♥tát✐❝❛ ♥ã♦ ❡s❝❛❧❛ ■♥tr❛t❛❜✐❧✐❞❛❞❡✴❡①♣❧♦sã♦ ❝♦♠❜✐♥❛tór✐❛ ❊✈♦❧✉çã♦ ❞♦s ❝♦♠♣✉t❛❞♦r❡s ❧❡♥t❛ ❘❡♣r❡s❡♥t❛çã♦ ❞❡ ❝♦♥❤❡❝✐♠❡♥t♦ ▲✐♠✐t❛çõ❡s ❢♦rt❡s ❞♦ ♣❡r❝❡trã♦ ❞❡ ✉♠❛ ❝❛♠❛❞❛

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✻ ✴ ✹✸

slide-43
SLIDE 43

❍✐stór✐❛ ❞❛ ■❆ ✭❛rr❡❢❡❝✐♠❡♥t♦✮

▼❛♥✐♣✉❧❛çã♦ s✐♥tát✐❝❛ ♥ã♦ ❡s❝❛❧❛ ■♥tr❛t❛❜✐❧✐❞❛❞❡✴❡①♣❧♦sã♦ ❝♦♠❜✐♥❛tór✐❛ ❊✈♦❧✉çã♦ ❞♦s ❝♦♠♣✉t❛❞♦r❡s ❧❡♥t❛ ❘❡♣r❡s❡♥t❛çã♦ ❞❡ ❝♦♥❤❡❝✐♠❡♥t♦ ▲✐♠✐t❛çõ❡s ❢♦rt❡s ❞♦ ♣❡r❝❡trã♦ ❞❡ ✉♠❛ ❝❛♠❛❞❛

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✻ ✴ ✹✸

slide-44
SLIDE 44

❍✐stór✐❛ ❞❛ ■❆ ✭❛rr❡❢❡❝✐♠❡♥t♦✮

▼❛♥✐♣✉❧❛çã♦ s✐♥tát✐❝❛ ♥ã♦ ❡s❝❛❧❛ ■♥tr❛t❛❜✐❧✐❞❛❞❡✴❡①♣❧♦sã♦ ❝♦♠❜✐♥❛tór✐❛ ❊✈♦❧✉çã♦ ❞♦s ❝♦♠♣✉t❛❞♦r❡s ❧❡♥t❛ ❘❡♣r❡s❡♥t❛çã♦ ❞❡ ❝♦♥❤❡❝✐♠❡♥t♦ ▲✐♠✐t❛çõ❡s ❢♦rt❡s ❞♦ ♣❡r❝❡trã♦ ❞❡ ✉♠❛ ❝❛♠❛❞❛

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✻ ✴ ✹✸

slide-45
SLIDE 45

❍✐stór✐❛ ❞❛ ■❆ ✭❛rr❡❢❡❝✐♠❡♥t♦✮

▼❛♥✐♣✉❧❛çã♦ s✐♥tát✐❝❛ ♥ã♦ ❡s❝❛❧❛ ■♥tr❛t❛❜✐❧✐❞❛❞❡✴❡①♣❧♦sã♦ ❝♦♠❜✐♥❛tór✐❛ ❊✈♦❧✉çã♦ ❞♦s ❝♦♠♣✉t❛❞♦r❡s ❧❡♥t❛ ❘❡♣r❡s❡♥t❛çã♦ ❞❡ ❝♦♥❤❡❝✐♠❡♥t♦ ▲✐♠✐t❛çõ❡s ❢♦rt❡s ❞♦ ♣❡r❝❡trã♦ ❞❡ ✉♠❛ ❝❛♠❛❞❛

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✻ ✴ ✹✸

slide-46
SLIDE 46

❊▲■❩❆ ✭❲❡✐③❡♥❜❛✉♠✱ ✶✾✻✻✮

▼❡♥ ❛r❡ ❛❧❧ ❛❧✐❦❡✳ ■◆ ❲❍❆❚ ❲❆❨ ❚❤❡②✬r❡ ❛❧✇❛②s ❜✉❣❣✐♥❣ ✉s ❛❜♦✉t s♦♠❡t❤✐♥❣ ♦r ♦t❤❡r✳ ❈❆◆ ❨❖❯ ❚❍■◆❑ ❖❋ ❆ ❙P❊❈■❋■❈ ❊❳❆▼P▲❊ ❲❡❧❧✱ ♠② ❜♦②❢r✐❡♥❞ ♠❛❞❡ ♠❡ ❝♦♠❡ ❤❡r❡✳ ❨❖❯❘ ❇❖❨❋❘■❊◆❉ ▼❆❉❊ ❨❖❯ ❈❖▼❊ ❍❊❘❊ ❍❡ s❛②s ■✬♠ ❞❡♣r❡ss❡❞ ♠✉❝❤ ♦❢ t❤❡ t✐♠❡✳ ■ ❆▼ ❙❖❘❘❨ ❚❖ ❍❊❆❘ ❚❍❆❚ ❨❖❯ ❆❘❊ ❉❊P❘❊❙❙❊❉ ■t✬s tr✉❡ t❤❛t ■ ❛♠ ✉♥❤❛♣♣②✳ ❉❖ ❨❖❯ ❚❍■◆❑ ❈❖▼■◆● ❍❊❘❊ ❲■▲▲ ❍❊▲P ❨❖❯ ◆❖❚ ❇❊ ❯◆❍❆PP❨ ■ ♥❡❡❞ s♦♠❡ ❤❡❧♣✱ t❤❛t ♠✉❝❤ s❡❡♠s ❝❡rt❛✐♥✳ ❲❍❆❚ ❲❖❯▲❉ ■❚ ▼❊❆◆ ❚❖ ❨❖❯ ■❋ ❨❖❯ ●❖❚ ❙❖▼❊ ❍❊▲P P❡r❤❛♣s ■ ❝♦✉❧❞ ❧❡❛r♥ t♦ ❣❡t ❛❧♦♥❣ ✇✐t❤ ♠② ♠♦t❤❡r✳ ❚❊▲▲ ▼❊ ▼❖❘❊ ❆❇❖❯❚ ❨❖❯❘ ❋❆▼■▲❨ ▼② ♠♦t❤❡r t❛❦❡s ❝❛r❡ ♦❢ ♠❡✳ ❲❍❖ ❊▲❙❊ ■◆ ❨❖❯❘ ❋❆▼■▲❨ ❚❆❑❊❙ ❈❆❘❊ ❖❋ ❨❖❯

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✼ ✴ ✹✸

slide-47
SLIDE 47

❊▲■❩❆ ✭❲❡✐③❡♥❜❛✉♠✱ ✶✾✻✻✮

❍❖❲ ❉❖ ❨❖❯ ❉❖✳ P▲❊❆❙❊ ❙❚❆❚❊ ❨❖❯❘ P❘❖❇▲❊▼ ■✬♠ ✇♦♥❞❡r✐♥❣ ✇❤❡t❤❡r ❝♦♠♣✉t❡rs ❝❛♥ t❤✐♥❦✳ ❲❍❨ ❉❖ ❨❖❯ ▼❊◆❚■❖◆ ❈❖▼P❯❚❊❘❙ ❙✐♥❝❡ ②♦✉ ❛r❡ ♦♥❡ ■ t❤♦✉❣❤t ■ ✇♦✉❧❞ ❛s❦ ②♦✉ ✲ ❝❛♥ ②♦✉ t❤✐♥❦❄ ❉■❉ ❨❖❯ ❚❍■◆❑ ❚❍❊❨ ▼■●❍❚ ◆❖❚ ❇❊ ❖◆❊ ❨❖❯ ❚❍❖❯●❍❚ ❨❖❯ ❲❖❯▲❉ ❆❙❑ ■ ✲❈❆◆ ■ ❚❍■◆❑ ▲❡t✬s t❛❧❦ ❥✉st ❛❜♦✉t ②♦✉ ✲ ♥♦t ♠❡✳ ❈❛♥ ②♦✉ t❤✐♥❦❄ ❨❖❯ ▲■❑❊ ❚❖ ❚❍■◆❑ ■ ✲ ◆❖❚ ❨❖❯ ✲ ❉❖◆✬❚ ❨❖❯ P❛r❞♦♥❄ ❲❍❆❚ ❉❖❊❙ ❚❍❆❚ ❙❯●●❊❙❚ ❚❖ ❨❖❯❄ ❲❤❛t ❞♦❡s ✐t s✉❣❣❡st t♦ ②♦✉❄ ❚❊▲▲ ▼❊ ❆❇❖❯❚ ❲❍❆❚ ❉❖❊❙ ■❚ ❙❯●●❊❙❚ ❚❖ ■ ❚❤❛t✬s ♥♦♥s❡♥s❡ ✲ ✇❤✐❝❤ ♦❢ ✉s ❞♦ ②♦✉ ♠❡❛♥ ❜② ■❄ ❲❍❨ ❉❖ ❨❖❯ ❚❍■◆❑ ■ ▼❊❆◆ ❇❨ ❨❖❯ ❚❤❡ q✉❡st✐♦♥ ♠❡❛♥t t♦ ✇❤✐❝❤ ♦❢ ✉s ✐s t❤❡ ✇♦r❞ r❡❢❡rr✐♥❣✳ ❙❯PP❖❙❊ ❚❍❊ ◗❯❊❙❚■❖◆ ▼❊❆◆❚ ❚❖ ❲❍■❈❍ ❖❋ ❯❙ ❲❊❘❊ ◆❖❚ ❚❍❊ ❲❖❘❉ ❘❊❋❊❘❘■◆● ■ t❤✐♥❦ ②♦✉ ❛r❡ ❛♥ ❡①tr❡♠❡❧② st✉♣✐❞ ♣r♦❣r❛♠✳ P❊❘❍❆P❙ ❨❖❯ ❲❖❯▲❉ ▲■❑❊ ❚❖ ❇❊ ❆◆ ❊❳❚❘❊▼❊▲❨ ❙❚❯P■❉ P❘❖●❘❆▼

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✽ ✴ ✹✸

slide-48
SLIDE 48

■♥✈❡r♥♦ ❞❛ ■❆

❊♥tr❡ ❛s ❞é❝❛❞❛s ❞❡ ✶✾✽✵ ❡ ✶✾✾✵✱ ❛ ■❆ ❞❡s❛❝❡❧❡r♦✉ ❞❡✈✐❞♦ ❛ ♥ã♦ t❡r ❝✉♠♣r✐❞♦ ❛s ♠❡❧❤♦r❡s ♣r♦♠❡ss❛s ✭■❆ ❢♦rt❡✮✳ ❖s ❣♦✈❡r♥♦s ❝♦rt❛r❛♠ ♦ ✜♥❛♥❝✐❛♠❡♥t♦ ❡ ❡♥tr♦✉✲s❡ ♥♦ ❝❤❛♠❛❞♦ ✐♥✈❡r♥♦ ❞❛ ■❆✳ ❉❡s❞❡ ✜♥❛✐s ❞❛ ❞é❝❛❞❛ ❞❡ ✶✾✾✵✱ t❡♠ s✐❞♦ à ❝✉st❛ ❞❛ ■❆ ❢r❛❝❛ q✉❡ s❡ t❡♠ r❡t♦♠❛❞♦ ♦ ✐♥t❡r❡ss❡ ♥❛ ár❡❛✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✾ ✴ ✹✸

slide-49
SLIDE 49

■♥✈❡r♥♦ ❞❛ ■❆

❊♥tr❡ ❛s ❞é❝❛❞❛s ❞❡ ✶✾✽✵ ❡ ✶✾✾✵✱ ❛ ■❆ ❞❡s❛❝❡❧❡r♦✉ ❞❡✈✐❞♦ ❛ ♥ã♦ t❡r ❝✉♠♣r✐❞♦ ❛s ♠❡❧❤♦r❡s ♣r♦♠❡ss❛s ✭■❆ ❢♦rt❡✮✳ ❖s ❣♦✈❡r♥♦s ❝♦rt❛r❛♠ ♦ ✜♥❛♥❝✐❛♠❡♥t♦ ❡ ❡♥tr♦✉✲s❡ ♥♦ ❝❤❛♠❛❞♦ ✐♥✈❡r♥♦ ❞❛ ■❆✳ ❉❡s❞❡ ✜♥❛✐s ❞❛ ❞é❝❛❞❛ ❞❡ ✶✾✾✵✱ t❡♠ s✐❞♦ à ❝✉st❛ ❞❛ ■❆ ❢r❛❝❛ q✉❡ s❡ t❡♠ r❡t♦♠❛❞♦ ♦ ✐♥t❡r❡ss❡ ♥❛ ár❡❛✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✾ ✴ ✹✸

slide-50
SLIDE 50

■♥✈❡r♥♦ ❞❛ ■❆

❊♥tr❡ ❛s ❞é❝❛❞❛s ❞❡ ✶✾✽✵ ❡ ✶✾✾✵✱ ❛ ■❆ ❞❡s❛❝❡❧❡r♦✉ ❞❡✈✐❞♦ ❛ ♥ã♦ t❡r ❝✉♠♣r✐❞♦ ❛s ♠❡❧❤♦r❡s ♣r♦♠❡ss❛s ✭■❆ ❢♦rt❡✮✳ ❖s ❣♦✈❡r♥♦s ❝♦rt❛r❛♠ ♦ ✜♥❛♥❝✐❛♠❡♥t♦ ❡ ❡♥tr♦✉✲s❡ ♥♦ ❝❤❛♠❛❞♦ ✐♥✈❡r♥♦ ❞❛ ■❆✳ ❉❡s❞❡ ✜♥❛✐s ❞❛ ❞é❝❛❞❛ ❞❡ ✶✾✾✵✱ t❡♠ s✐❞♦ à ❝✉st❛ ❞❛ ■❆ ❢r❛❝❛ q✉❡ s❡ t❡♠ r❡t♦♠❛❞♦ ♦ ✐♥t❡r❡ss❡ ♥❛ ár❡❛✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✷✾ ✴ ✹✸

slide-51
SLIDE 51

❆s ❣r❛♥❞❡s ♣r♦♠❡ss❛s ❢❛❧❤❛❞❛s

✶✾✻✻ ✿ ❢❛❧❤❛ ❞❛ tr❛❞✉çã♦ ❛✉t♦♠át✐❝❛ ✭✏t❤❡ s♣✐r✐t ✐s ✇✐❧❧✐♥❣ ❜✉t t❤❡ ✢❡s❤ ✐s ✇❡❛❦✑ tr❛❞✉çã♦ ■♥❣❧ês✕❘✉ss♦✲■♥❣❧ês ✏t❤❡ ✈♦❞❦❛ ✐s ❣♦♦❞ ❜✉t t❤❡ ♠❡❛t ✐s r♦tt❡♥✳✑✮❀ ✶✾✼✵ ✿ ❛❜❛♥❞♦♥♦ ❞♦ ❝♦♥❡①✐♦♥✐s♠♦❀ ✶✾✼✶✲✼✺ ✿ ❢r✉st❛çã♦ ❞❛ ❉❆❘P❆ ❞❡✈✐❞♦ à ❢❛❧❤❛ ❞♦ ♣r♦❣r❛♠❛ ❙♣❡❡❝❤ ❯♥❞❡rst❛♥❞✐♥❣ ❘❡s❡❛r❝❤✱ ❞❛ ❈▼❯❀ ✶✾✼✸ ✿ ✜♠ ❞❛ ✐♥✈❡st✐❣❛çã♦ ❡♠ ■❆ ♥❛ ■♥❣❧❛t❡rr❛✱ ❛♣ós ♦ r❡❧❛tór✐♦ ▲✐❣❤t❤✐❧❧❀ ✶✾✼✸✲✼✹ ✿ ❉❆❘P❆ ❝♦rt❛ ❞r❛st✐❝❛♠❡♥t❡ ❛♣♦✐♦ à ✐♥✈❡st✐❣❛çã♦ ❡♠ ■❆❀ ✶✾✽✼ ✿ ❝♦❧❛♣s♦ ❞♦ ♠❡r❝❛❞♦ ❞❡ ♠áq✉✐♥❛s ▲■❙P❀ ✶✾✾✵ ✿ ❢❛❧❤❛ ♥♦s ♦❜❥❡t✐✈♦s ♣r♦♣♦st♦s ♣❛r❛ ❛s ♠áq✉✐♥❛s ❞❡ ✺❛ ❣❡r❛çã♦ ♥♦ ❏❛♣ã♦✳ ✶✾✾✸ ✿ s✐st❡♠❛s ♣❡r✐❝✐❛✐s ❧❡♥t❛♠❡♥t❡ ❞❡s❛♣❛r❡❝❡♠❀

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✵ ✴ ✹✸

slide-52
SLIDE 52

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-53
SLIDE 53

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-54
SLIDE 54

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-55
SLIDE 55

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-56
SLIDE 56

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-57
SLIDE 57

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-58
SLIDE 58

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-59
SLIDE 59

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-60
SLIDE 60

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-61
SLIDE 61

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-62
SLIDE 62

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-63
SLIDE 63

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-64
SLIDE 64

P♦ssí✈❡❧ ♥♦ ♣r❡s❡♥t❡✿ s✐♠ ♦✉ ♥ã♦❄

❏♦❣❛r ❞❡❝❡♥t❡♠❡♥t❡ té♥✐s ❞❡ ♠❡s❛❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ❏❡♦♣❛r❞② ❝♦♥tr❛ ♦s ♠❡❧❤♦r❡s❄

❈♦♥❞✉③✐r ❡♠ s❡❣✉r❛♥ç❛ ❡♠ ❛✉t♦❡str❛❞❛s ❡ ❡str❛❞❛s ♥♦rt❡✲❛♠❡r✐❝❛♥❛s❄ ❉❡s❝♦❜r✐r ❡ ♣r♦✈❛r t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❚❡r ✉♠❛ ❝♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛ ❞✉r❛♥t❡ ✉♠❛ ❤♦r❛❄ ❋❛③❡r ✉♠ ♦♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉③✐r ❡♥tr❡ ■♥❣❧ês ❡ ❈❤✐♥ês ❡♠ t❡♠♣♦ r❡❛❧❄ ❊s❝r❡✈❡r ✉♠❛ ❤✐stór✐❛ ✐♥t❡r❡ss❛♥t❡❄

  • ❛♥❤❛r ✉♠ ❥♦❣♦ ❞❡ ①❛❞r❡③❄

❋❛③❡r ❝♦♠♣r❛s ♥❛ ✇❡❜❄ ❋❛③❡r ❝♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✶ ✴ ✹✸

slide-65
SLIDE 65

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-66
SLIDE 66

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-67
SLIDE 67

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-68
SLIDE 68

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-69
SLIDE 69

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-70
SLIDE 70

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-71
SLIDE 71

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-72
SLIDE 72

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-73
SLIDE 73

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-74
SLIDE 74

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-75
SLIDE 75

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-76
SLIDE 76

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-77
SLIDE 77

❆■✿ s✐♠ ♦✉ ♥ã♦

❚é♥✐s ❞❡ ♠❡s❛❄ ❏❡♦♣❛r❞②❄ ❈♦♥❞✉çã♦ ❛✉t♦♠át✐❝❛ ❞❡ ❛✉t♦♠ó✈❡✐s❄ ❉❡s❝♦❜❡rt❛ ❡ ♣r♦✈❛ ❞❡ t❡♦r❡♠❛s ❞❛ ♠❛t❡♠át✐❝❛❄ ❈♦♥✈❡rs❛r ❝♦♠ ✉♠❛ ♣❡ss♦❛❄ ❖♣❡r❛çã♦ ❝✐rúr❣✐❝❛❄ ❆rr✉♠❛r ❛ ❧♦✉ç❛ ❡ ❞♦❜r❛r t♦❛❧❤❛s❄ ❚r❛❞✉çã♦ ❛✉t♦♠át✐❝❛❄ ❊s❝r✐t❛ ❞❡ ❤✐stór✐❛s❄ ❳❛❞r❡③❄ ❈♦♠♣r❛s ♥❛ ✇❡❜❄ ❈♦♠♣r❛s ♥❛ ❜❛✐①❛ ❞❡ ❙❡tú❜❛❧❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✷ ✴ ✹✸

slide-78
SLIDE 78
  • ❡r❛çã♦ ❞❡ ❤✐stór✐❛s ✕ ❚❆▲❊✲❙P■◆

❖♥❝❡ ✉♣♦♥ ❛ t✐♠❡ ✳ ✳ ✳ ▲✐tt❧❡ r❡❞ ❝❛♣ ✇❛s ♥❡❛r t❤❡ ❢♦r❡st✳ ❇✐❣ ❜❛❞ ✇❛s ♥❡❛r t❤❡ ❢♦r❡st✳ ❚❤❡ ❣r❛♥❞♠♦t❤❡r ✇❛s ♥❡❛r t❤❡ ❤♦✉s❡✳ ❚❤❡ ❜❡rr✐❡s ✇❡r❡ ♥❡❛r t❤❡ ♠❡❛❞♦✇✳ ❬✳ ✳ ✳ ❪ ❖♥❡ ❞❛②✱ ❇✐❣ ❜❛❞ ✇❛s ❤✉♥❣r②✳ ❇✐❣ ❜❛❞ ✇❛♥t❡❞ ♥♦t t♦ ❜❡ ❤✉♥❣r②✳ ❇✐❣ ❜❛❞ ✇❛♥t❡❞ t♦ ❤❛✈❡ t❤❡ ❣r❛♥❞♠♦t❤❡r✳ ❇✐❣ ❜❛❞ ✇❛♥t❡❞ t♦ ❦♥♦✇ ✇❤❡r❡ t❤❡ ❣r❛♥❞♠♦t❤❡r ✇❛s✳ ❇✐❣ ❜❛❞ ✇❛♥t❡❞ ❧✐tt❧❡ r❡❞ ❝❛♣ t♦ t❡❧❧ ❜✐❣ ❜❛❞ ✇❤❡r❡ t❤❡ ❣r❛♥❞♠♦t❤❡r ✇❛s✳ ❇✐❣ ❜❛❞ ❞❡❝✐❞❡❞ t❤❛t ✐❢ ❜✐❣ ❜❛❞ ✇♦✉❧❞ ❣✐✈❡ ❧✐tt❧❡ r❡❞ ❝❛♣ t❤❡ ❜❡rr✐❡s t❤❡♥ ❧✐tt❧❡ r❡❞ ❝❛♣ ♠✐❣❤t t❡❧❧ ❜✐❣ ❜❛❞ ✇❤❡r❡ t❤❡ ❣r❛♥❞♠♦t❤❡r ✇❛s✳ ❇✐❣ ❜❛❞ ✇❛♥t❡❞ ❧✐tt❧❡ r❡❞ ❝❛♣ t♦ t❤✐♥❦ t❤❛t ❧✐tt❧❡ r❡❞ ❝❛♣ ✇♦✉❧❞ t❡❧❧ ❜✐❣ ❜❛❞ ✇❤❡r❡ t❤❡ ❣r❛♥❞♠♦t❤❡r ✇❛s ✐❢ ❜✐❣ ❜❛❞ ❣❛✈❡ ❧✐tt❧❡ r❡❞ ❝❛♣ t❤❡ ❜❡rr✐❡s✳ ❇✐❣ ❜❛❞ ✇❛♥t❡❞ t♦ ❜❡ ♥❡❛r ❧✐tt❧❡ r❡❞ ❝❛♣✳ ✳✳✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✸ ✴ ✹✸

slide-79
SLIDE 79
  • ❡r❛çã♦ ❞❡ ❤✐stór✐❛s ✕ ❱■❘❚❯❆▲ ❙❚❖❘❨❚❊▲▲❊❘

▲✐tt❧❡ r❡❞ ❝❛♣ s❦✐♣s t♦ t❤❡ ❝❧❡❛r✐♥❣ ✐♥ t❤❡ ❢♦r❡st✳ ●r❛♥❞♠♦t❤❡r ❜❛❦❡s t❤❡ ❛♣♣❧❡ ♣✐❡✳ ❇✐❣ ❜❛❞ ✐s ♠❡❛♥✳ ✏❍❡❧❧♦✱✑ ❧✐tt❧❡ r❡❞ ❝❛♣ s❛②s t♦ ❜✐❣ ❜❛❞✳ ●r❛♥❞♠♦t❤❡r ♣♦✐s♦♥s t❤❡ ♣✐❡ ✇✐t❤ s♦♠❡ ❝②❛♥✐❞❡✳ ✏●✐✈❡ ♠❡ t❤❛t✦✑ s❛②s ❜✐❣ ❜❛❞ ❛♥❞ t❛❦❡s t❤❡ ❜✐rt❤❞❛② ❝❛❦❡ ❢r♦♠ ❧✐tt❧❡ r❡❞ ❝❛♣✳ ▲✐tt❧❡ r❡❞ ❝❛♣ st❛rts t♦ ❝r②✳ ❖♥❝❡ ✉♣♦♥ ❛ t✐♠❡ t❤❡r❡ ✇❛s ❛ ♣✐r❛t❡✱ ✇❤♦ ✇❛s ❝❛❧❧❡❞ ❇✐❧❧② ❇♦♥❡s✳ ❍❡ ✇❛s ✐♥ t❤❡ ❤♦❧❞ ♦❢ ❤✐s s❤✐♣✳ ❚❤❡ ✇❛t❡r s✉♣♣❧② ✇❛s ❡♠♣t② ❛♥❞ ❤❡ ✇❛♥t❡❞ t♦ ✜❧❧ ✐t✳ ❚❤❡r❡❢♦r❡ ❤❡ ♦♣❡♥❡❞ t❤❡ ❤❛t❝❤✳ ❲✐t❤ ❛ ❧❛❞❞❡r t❤❡ ♣✐r❛t❡ ✇❛❧❦❡❞ t♦ t❤❡ ❞❡❝❦✳ ❲✐t❤ t❤❡ s❤✐♣ ❤❡ s❛✐❧❡❞ t♦ ❛♥ ✐s❧❛♥❞✳ ❆❢t❡r ❤❡ ❤❛❞ ❣♦♥❡ ❛s❤♦r❡ ❛t t❤❡ ✐s❧❛♥❞✱ ❤❡ ✜❧❧❡❞ t❤❡ ✇❛t❡r s✉♣♣❧② ✇✐t❤ ✇❛t❡r ❢r♦♠ ❛ ♣♦♥❞✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✹ ✴ ✹✸

slide-80
SLIDE 80

❘♦❜ôs ❥♦❣❛❞♦r❡s ❞❡ té♥✐s ❞❡ ♠❡s❛

❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂t❴q◆✸❞❣❨●q❊ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂♦✲❘❜◆③✻❣❉✺❦ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂❣❛■▲♣❛❇❛✼▼✽

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✺ ✴ ✹✸

slide-81
SLIDE 81

❱✐sã♦ ✕ s❡❣✉✐♠❡♥t♦ ❞❡ ❡①♣r❡ssõ❡s ❡ ❛♥✐♠❛çã♦ ❞❡ ❝❛r❛s

❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂♠❆●❊✐✈✸❯◆❊❯

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✻ ✴ ✹✸

slide-82
SLIDE 82

❈♦♠♣✉t❛çã♦ ❛❢❡t✐✈❛ ✕ ✐♥t❡❧✐❣ê♥❝✐❛ s♦❝✐❛❧

❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂✽❑❘❩❳✺❑▲✹❢❆

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✼ ✴ ✹✸

slide-83
SLIDE 83

❘♦❜ót✐❝❛

◮ ❙❍❆❑❊❨ ✭✶✾✻✾✮✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂❘❤r▲❍❦❱✉❡r❝ ◮ ❘♦❜ô ❞♦❜r❛♥❞♦ t♦❛❧❤❛s✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂❣②✺❣✸✸❙✵●③♦ ◮ ◗✉❛❞❝ó♣t❡r♦s ❛♣❛♥❤❛♥❞♦ ❜♦❧❛s✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂❤②●❏❇❱✶①♥❏■ ◮ ❇♦st♦♥ ❉②♥❛♠✐❝s✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂▼✽❨❥✈❍❨❜❩✾✇ ◮ ●♦♦❣❧❡ ❙❡❧❢✲❞r✐✈♥❣ ❝❛r✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂❝❞❣◗♣❛✶♣❯❯❊

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✽ ✴ ✹✸

slide-84
SLIDE 84

❏♦❣♦s ❞❡ t❛❜✉❧❡✐r♦

⋄ ❋❡✈❡r❡✐r♦✱ ✶✾✾✻✱ ●❛rr② ❑❛s♣❛r♦✈ ✹ ✭✸ ✈✐tór✐❛s ❡ ✷ ❡♠♣❛t❡s✮ ✕ ❉❡❡♣ ❇❧✉❡ ✷✳ ▼❛✐♦✱ ✶✾✾✼✱ ●❛rr② ❑❛s♣❛r♦✈ ✷✶/✷ ✕ ❉❡❡♣❡r ❇❧✉❡ ✸✶/✷✳ ⋄ ❙✉♣❡r❝♦♠♣✉t❛❞♦r ❝♦♠ ✸✵ P❙ ✭♣r♦❝❡ss❛❞♦r ❘❙✴✻✵✵✵ ❛ ✶✷✵▼❍③✮✱ ❛✉♠❡♥t❛❞♦ ❝♦♠ ✹✽✵ ❱▲❙■ ✏❝❤❡ss ❝❤✐♣s✑✱ ❝❛♣❛③ ❞❡ ❛✈❛❧✐❛r ✷✵✵ ♠✐❧❤õ❡s ❞❡ ❥♦❣❛❞❛s ♣♦r s❡❣✉♥❞♦✳ ⋄ Pr♦❣r❛♠❛s ❞❡ ①❛❞r❡③ ❝♦rr❡♥t❡s sã♦ ♠✉✐t♦ ♠❡❧❤♦r❡s ❞♦ q✉❡ ❛ ❣r❛♥❞❡ ♠❛✐♦r✐❛ ❞♦s ❤✉♠❛♥♦s✳ ⋄ P♦❞❡♠ ♦s ❤✉♠❛♥♦s ❝♦♠♣❡t✐r ❝♦♠ ❛ ❧❛r❣✉íss✐♠❛ ❝❛♣❛❝✐❞❛❞❡ ❞❡ ♣r♦❝❡ss❛♠❡♥t♦ ❞♦s ❝♦♠♣✉t❛❞♦r❡s❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✸✾ ✴ ✹✸

slide-85
SLIDE 85

❏❡♦♣❛r❞② ✕ ❲❛ts♦♥

❙❡❣♠❡♥t♦ ❞❡ ✉♠ ♣r♦❣r❛♠❛✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂❲❋❘✸❧❖♠①❤❊ ❉♦❝✉♠❡♥tár✐♦ ✭✺✷ ♠✐♥✳✮✿ ❤tt♣s✿✴✴✇✇✇✳②♦✉t✉❜❡✳❝♦♠✴✇❛t❝❤❄✈❂t❆③❡●❦✉◗♠❯❯ ✷✳✽✽✵ ♥ú❝❧❡♦s P❖❲❊❘✼ ✭✸✳✺ ●❍③✮ ❡ ✶✻ t❡r❛❜②t❡s ✭✶✵✶✷✮ ❞❡ ❘❆▼ ✭❝♦♠ t♦❞❛ ❛ ✐♥❢♦r♠❛çã♦ ✉s❛❞❛ ♥♦ ❥♦❣♦✮✳ ❈♦♥s❡❣✉❡ ♣r♦❝❡ss❛r ✺✵✵ ❣✐❣❛❜②t❡s✴s❡❣✉♥❞♦✱ ❡q✉✐✈❛❧❡♥t❡ ❛ ✶ ♠✐❧❤ã♦ ❞❡ ❧✐✈r♦s✴s❡❣✉♥❞♦✳ ❈✉st♦ ❛♣r♦①✐♠❛❞♦ ❞❡ ✸ ♠✐❧❤õ❡s ❞❡ ❯❙❉✳ ❖ s❡✉ ❞❡s❡♠♣❡♥❤♦ é ❞❡ ✽✵ ❚❡r❛❋▲❖P❙✱ ✐♥s✉✜❝✐❡♥t❡ ♣❛r❛ ♦ ❝♦❧♦❝❛r ♥❛ ❧✐st❛ ❞♦ ❚♦♣ ✺✵✵ ❞♦s s✉♣❡r❝♦♠♣✉t❛❞♦r❡s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✵ ✴ ✹✸

slide-86
SLIDE 86

❙✐st❡♠❛s ❞❡ s✉❝❡ss♦ q✉❡ ♥ã♦ sã♦ ■❆

♠ ❊s❝❛❧♦♥❛♠❡♥t♦✿ ❚rá❢❡❣♦ ❛ér❡♦ ♠ ❘♦t❛s✿ ●♦♦❣❧❡ ♠❛♣s ♠ ❉✐❛❣♥óst✐❝♦ ♠é❞✐❝♦✿ ❊❑●✱ ❊❊● ♠ ❱✐❣✐❧â♥❝✐❛ ❛✉t♦♠át✐❝❛ ♠ ▼♦t♦r❡s ❞❡ ❜✉s❝❛✿ ❇r♦✇s❡rs ♠ ❈❧❛ss✐✜❝❛❞♦r❡s ❞❡ ❙P❆▼✿ ❈♦rr❡✐♦ ❡❧❡tró♥✐❝♦ ♠ ❆t❡♥❞✐♠❡♥t♦ ❛✉t♦♠át✐❝♦✿ ❍❡❧♣ ❞❡s❦ ♠ ❉❡t❡çã♦ ❞❡ ❢r❛✉❞❡ ❜❛♥❝ár✐❛ ♠ ❙✐st❡♠❛s ❞❡ r❡❝♦♠❡♥❞❛çã♦✿ ❱❡♥❞❛s ♦♥❧✐♥❡ ♠ ♠✉✐t♦s ♠❛✐s✿ r♦❜ót✐❝❛

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✶ ✴ ✹✸

slide-87
SLIDE 87

❆❧❣✉♠ ❞✐❛ ❛s ♠áq✉✐♥❛s t♦♠❛rã♦ ♦ ♣♦❞❡r❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✷ ✴ ✹✸

slide-88
SLIDE 88

❆❧❣✉♠ ❞✐❛s ❛s ♠áq✉✐♥❛s t♦♠❛rã♦ ♦ ♣♦❞❡r❄

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✸ ✴ ✹✸

slide-89
SLIDE 89

❘❛③õ❡s ♣❛r❛ ♥ã♦ ✜❝❛r♠♦s ♣r❡♦❝✉♣❛❞♦s

✏❆ ■❆ ♥✉♥❝❛ ❛t✐♥❣✐rá ♦s ♥í✈❡✐s ❞❛ ✐♥t❡❧✐❣ê♥❝✐❛ ❤✉♠❛♥❛✳✑ ✏❖❦✱ t❛❧✈❡③ ❛t✐♥❥❛✱ ♠❛s ❡✉ ❡st❛r❡✐ ♠♦rt♦ ❛♥t❡s ❞✐ss♦ ❛❝♦♥t❡❝❡r✳✑ ✏❆s ♠áq✉✐♥❛s ♥✉♥❝❛ t❡rã♦ ❝♦♥s❝✐ê♥❝✐❛✑ ❖ ♣r♦❜❧❡♠❛ ♥ã♦ é ❛ ❝♦♥s❝✐ê♥❝✐❛✱ ♠❛s s✐♠ ❛ ❝♦♠♣❡tê♥❝✐❛✳ ✏◆ós ❝♦♥str✉✐♠♦s ❛s ♠áq✉✐♥❛s✱ ❝❡rt♦❄✑ ❙✐♠✱ ❡ ♦ ❣é♥✐♦ ❝♦♥❝❡❞❡✉✲♥♦s três ❞❡s❡❥♦s✳✳✳ ❯♠❛ ■❆ s✉♣❡r✐♥t❡❧✐❣❡♥t❡✿ ❛❞q✉✐r✐rá t♦❞♦s ♦s r❡❝✉rs♦s ♣♦ssí✈❡✐s ♣❛r❛ s❡ ♠❡❧❤♦r❛r ❛ s✐ ♣ró♣r✐❛❀ ♣r♦t❡❣❡r✲s❡✲á ❝♦♥tr❛ q✉❛❧q✉❡r t❡♥t❛t✐✈❛ ❞❡ ❛ ❞❡s❧✐❣❛r ♦✉ ♠✉❞❛r ♦s s❡✉s ♦❜❥❡t✐✈♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✹ ✴ ✹✸

slide-90
SLIDE 90

❘❛③õ❡s ♣❛r❛ ♥ã♦ ✜❝❛r♠♦s ♣r❡♦❝✉♣❛❞♦s

✏❆ ■❆ ♥✉♥❝❛ ❛t✐♥❣✐rá ♦s ♥í✈❡✐s ❞❛ ✐♥t❡❧✐❣ê♥❝✐❛ ❤✉♠❛♥❛✳✑ ✏❖❦✱ t❛❧✈❡③ ❛t✐♥❥❛✱ ♠❛s ❡✉ ❡st❛r❡✐ ♠♦rt♦ ❛♥t❡s ❞✐ss♦ ❛❝♦♥t❡❝❡r✳✑ ✏❆s ♠áq✉✐♥❛s ♥✉♥❝❛ t❡rã♦ ❝♦♥s❝✐ê♥❝✐❛✑ ❖ ♣r♦❜❧❡♠❛ ♥ã♦ é ❛ ❝♦♥s❝✐ê♥❝✐❛✱ ♠❛s s✐♠ ❛ ❝♦♠♣❡tê♥❝✐❛✳ ✏◆ós ❝♦♥str✉✐♠♦s ❛s ♠áq✉✐♥❛s✱ ❝❡rt♦❄✑ ❙✐♠✱ ❡ ♦ ❣é♥✐♦ ❝♦♥❝❡❞❡✉✲♥♦s três ❞❡s❡❥♦s✳✳✳ ❯♠❛ ■❆ s✉♣❡r✐♥t❡❧✐❣❡♥t❡✿ ❛❞q✉✐r✐rá t♦❞♦s ♦s r❡❝✉rs♦s ♣♦ssí✈❡✐s ♣❛r❛ s❡ ♠❡❧❤♦r❛r ❛ s✐ ♣ró♣r✐❛❀ ♣r♦t❡❣❡r✲s❡✲á ❝♦♥tr❛ q✉❛❧q✉❡r t❡♥t❛t✐✈❛ ❞❡ ❛ ❞❡s❧✐❣❛r ♦✉ ♠✉❞❛r ♦s s❡✉s ♦❜❥❡t✐✈♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✹ ✴ ✹✸

slide-91
SLIDE 91

❘❛③õ❡s ♣❛r❛ ♥ã♦ ✜❝❛r♠♦s ♣r❡♦❝✉♣❛❞♦s

✏❆ ■❆ ♥✉♥❝❛ ❛t✐♥❣✐rá ♦s ♥í✈❡✐s ❞❛ ✐♥t❡❧✐❣ê♥❝✐❛ ❤✉♠❛♥❛✳✑ ✏❖❦✱ t❛❧✈❡③ ❛t✐♥❥❛✱ ♠❛s ❡✉ ❡st❛r❡✐ ♠♦rt♦ ❛♥t❡s ❞✐ss♦ ❛❝♦♥t❡❝❡r✳✑ ✏❆s ♠áq✉✐♥❛s ♥✉♥❝❛ t❡rã♦ ❝♦♥s❝✐ê♥❝✐❛✑ ❖ ♣r♦❜❧❡♠❛ ♥ã♦ é ❛ ❝♦♥s❝✐ê♥❝✐❛✱ ♠❛s s✐♠ ❛ ❝♦♠♣❡tê♥❝✐❛✳ ✏◆ós ❝♦♥str✉✐♠♦s ❛s ♠áq✉✐♥❛s✱ ❝❡rt♦❄✑ ❙✐♠✱ ❡ ♦ ❣é♥✐♦ ❝♦♥❝❡❞❡✉✲♥♦s três ❞❡s❡❥♦s✳✳✳ ❯♠❛ ■❆ s✉♣❡r✐♥t❡❧✐❣❡♥t❡✿ ❛❞q✉✐r✐rá t♦❞♦s ♦s r❡❝✉rs♦s ♣♦ssí✈❡✐s ♣❛r❛ s❡ ♠❡❧❤♦r❛r ❛ s✐ ♣ró♣r✐❛❀ ♣r♦t❡❣❡r✲s❡✲á ❝♦♥tr❛ q✉❛❧q✉❡r t❡♥t❛t✐✈❛ ❞❡ ❛ ❞❡s❧✐❣❛r ♦✉ ♠✉❞❛r ♦s s❡✉s ♦❜❥❡t✐✈♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✹ ✴ ✹✸

slide-92
SLIDE 92

❘❛③õ❡s ♣❛r❛ ♥ã♦ ✜❝❛r♠♦s ♣r❡♦❝✉♣❛❞♦s

✏❆ ■❆ ♥✉♥❝❛ ❛t✐♥❣✐rá ♦s ♥í✈❡✐s ❞❛ ✐♥t❡❧✐❣ê♥❝✐❛ ❤✉♠❛♥❛✳✑ ✏❖❦✱ t❛❧✈❡③ ❛t✐♥❥❛✱ ♠❛s ❡✉ ❡st❛r❡✐ ♠♦rt♦ ❛♥t❡s ❞✐ss♦ ❛❝♦♥t❡❝❡r✳✑ ✏❆s ♠áq✉✐♥❛s ♥✉♥❝❛ t❡rã♦ ❝♦♥s❝✐ê♥❝✐❛✑ ❖ ♣r♦❜❧❡♠❛ ♥ã♦ é ❛ ❝♦♥s❝✐ê♥❝✐❛✱ ♠❛s s✐♠ ❛ ❝♦♠♣❡tê♥❝✐❛✳ ✏◆ós ❝♦♥str✉✐♠♦s ❛s ♠áq✉✐♥❛s✱ ❝❡rt♦❄✑ ❙✐♠✱ ❡ ♦ ❣é♥✐♦ ❝♦♥❝❡❞❡✉✲♥♦s três ❞❡s❡❥♦s✳✳✳ ❯♠❛ ■❆ s✉♣❡r✐♥t❡❧✐❣❡♥t❡✿ ❛❞q✉✐r✐rá t♦❞♦s ♦s r❡❝✉rs♦s ♣♦ssí✈❡✐s ♣❛r❛ s❡ ♠❡❧❤♦r❛r ❛ s✐ ♣ró♣r✐❛❀ ♣r♦t❡❣❡r✲s❡✲á ❝♦♥tr❛ q✉❛❧q✉❡r t❡♥t❛t✐✈❛ ❞❡ ❛ ❞❡s❧✐❣❛r ♦✉ ♠✉❞❛r ♦s s❡✉s ♦❜❥❡t✐✈♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✹ ✴ ✹✸

slide-93
SLIDE 93

❘❛③õ❡s ♣❛r❛ ♥ã♦ ✜❝❛r♠♦s ♣r❡♦❝✉♣❛❞♦s

✏❆ ■❆ ♥✉♥❝❛ ❛t✐♥❣✐rá ♦s ♥í✈❡✐s ❞❛ ✐♥t❡❧✐❣ê♥❝✐❛ ❤✉♠❛♥❛✳✑ ✏❖❦✱ t❛❧✈❡③ ❛t✐♥❥❛✱ ♠❛s ❡✉ ❡st❛r❡✐ ♠♦rt♦ ❛♥t❡s ❞✐ss♦ ❛❝♦♥t❡❝❡r✳✑ ✏❆s ♠áq✉✐♥❛s ♥✉♥❝❛ t❡rã♦ ❝♦♥s❝✐ê♥❝✐❛✑ ❖ ♣r♦❜❧❡♠❛ ♥ã♦ é ❛ ❝♦♥s❝✐ê♥❝✐❛✱ ♠❛s s✐♠ ❛ ❝♦♠♣❡tê♥❝✐❛✳ ✏◆ós ❝♦♥str✉✐♠♦s ❛s ♠áq✉✐♥❛s✱ ❝❡rt♦❄✑ ❙✐♠✱ ❡ ♦ ❣é♥✐♦ ❝♦♥❝❡❞❡✉✲♥♦s três ❞❡s❡❥♦s✳✳✳ ❯♠❛ ■❆ s✉♣❡r✐♥t❡❧✐❣❡♥t❡✿ ❛❞q✉✐r✐rá t♦❞♦s ♦s r❡❝✉rs♦s ♣♦ssí✈❡✐s ♣❛r❛ s❡ ♠❡❧❤♦r❛r ❛ s✐ ♣ró♣r✐❛❀ ♣r♦t❡❣❡r✲s❡✲á ❝♦♥tr❛ q✉❛❧q✉❡r t❡♥t❛t✐✈❛ ❞❡ ❛ ❞❡s❧✐❣❛r ♦✉ ♠✉❞❛r ♦s s❡✉s ♦❜❥❡t✐✈♦s✳

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✹ ✴ ✹✸

slide-94
SLIDE 94

❆♥tó♥✐♦ ❆❜r❡✉ ✭■P❙✮ ■❆ ✾ ❞❡ ❆❜r✐❧ ❞❡ ✷✵✶✺ ✹✺ ✴ ✹✸