Faure CFM724W Manuel utilisateur
PDF
Documento
FOUR
CFM 724
7DEOH GHV PDWLqUHV
$ /·$77(17,21 '( /·87,/,6$7(85
$ /·$77(17,21 '( /·,167$//$7(85
&RQVLJQHV GH 6pFXULWp 9275( )285 $ (1&$675(5 /·,17(5,(85 '8 )285 /HV DFFHVVRLUHV GX IRXU /HV JUDGLQV /( 352*5$00$7(85 &216(,/6 $9$17 /$ 35(0,(5(
87,/,6$7,21 /(6 &200$1'(6 '( )285 /(6 ',))(5(17(6 326,7,216 '(
&8,6621 /D FXLVVRQ WUDGLWLRQQHOOH /D FXLVVRQ DX PD[L JULO HW DX JULO /D FXLVVRQ DX WRXUQHEURFKH /D FXLVVRQ GHV YLDQGHV /D FXLVVRQ DX WXUER JULO /D FXLVVRQ YHQWLOpH
VXU XQ RX GHX[ QLYHDX[ ,167$//$7,21 5(03/$&(0(17 '( /·$0328/(
'·(&/$,5$*( 6SpFLILFDWLRQV WHFKQLTXHV 0LVH HQ SODFH GH O·DSSDUHLO 5DFFRUGHPHQW pOHFWULTXH &216(,/6 '·87,/,6$7,21 *8,'(6 '(6 &8,66216 (175(7,(1 (7 1(772<$*( (1 &$6 '·$120$/,( '(
)21&7,211(0(17 &21',7,216 '( *$5$17,( 6(59,&( $35(69(17( &RPPHQW XWLOLVHU YRWUH QRWLFH "
/HV V\PEROHV VXLYDQWV YRXV JXLGHURQW WRXW DX ORQJ GH
O·XWLOLVDWLRQ GH YRWUH QRWLFH ,QVWUXFWLRQV GH VpFXULWp
'HVFULSWLRQ G·RSpUDWLRQV pWDSH SDU pWDSH
&RQVHLOV HW UHFRPPDQGDWLRQV
,QIRUPDWLRQV VXU O·HQYLURQQHPHQW
&RQVLJQHV GH 6pFXULWp
/LVH] DWWHQWLYHPHQW YRWUH QRWLFH G·XWLOLVDWLRQ HW FRQVHUYH]OD HOOH D pWp UpGLJpH SRXU YRXV SHUPHWWUH G·XWLOLVHU
YRWUH IRXU GDQV OHV PHLOOHXUHV FRQGLWLRQV 6XLYH] QRWDPPHQW OHV FRQVHLOV GH VpFXULWp TXL VRQW V\PEROLVpV SDU 9RWUH DSSDUHLO D pWp FRQoX SRXU XQ XVDJH FXOLQDLUH XQLTXHPHQW j O·H[FOXVLRQ G·DXWUHV ILQV ,O HVW FRQIRUPH DX[
SUHVFULSWLRQV GH VpFXULWp HW DX[ QRUPHV GH TXDOLWp LQWHUQDWLRQDOHV /HV PHVXUHV GH VpFXULWp H[LVWDQWHV Q·H[FOXHQW
SDV OHV ULVTXHV G·DFFLGHQW
1H SRUWH] MDPDLV YRWUH IRXU SDU OD SRLJQpH GH SRUWH
6pFXULWp pOHFWULTXH
XWLOLVH] OHV SRLJQpHV ODWpUDOHV
/H UDFFRUGHPHQW DX UpVHDX pOHFWULTXH GRLW rWUH
/HV SDURLV DGMDFHQWHV DX IRXU GRLYHQW rWUH VRLW HQ XQH
H[FOXVLYHPHQW UpDOLVp SDU GHV VSpFLDOLVWHV
PDWLqUH UpVLVWDQW j OD FKDOHXU VRLW UHYrWXHV G·XQH WHOOH
6L YRWUH IRXU SUpVHQWH XQ TXHOFRQTXH GpIDXW QRXV
PDWLqUH
YRXV UHFRPPDQGRQV GH QH SDV O·XWLOLVHU 'pEUDQFKH]
3RXU pYLWHU G·HQGRPPDJHU OHV FRPPDQGHV GH YRWUH
O·DSSDUHLO RX HQOHYH] OH IXVLEOH FRUUHVSRQGDQW j OD OLJQH
DSSDUHLO QH ODLVVH] SDV OD SRUWH RXYHUWH ORUVTX·LO HVW HQ
GH EUDQFKHPHQW GX IRXU
IRQFWLRQQHPHQW RX HQFRUH FKDXG
(Q FDV G·DQRPDOLH GH IRQFWLRQQHPHQW UHSRUWH]YRXV
6L YRXV XWLOLVH] XQ DSSDUHLO pOHFWULTXH j ILO j SUR[LPLWp
G·DERUG DX FKDSLWUH ´(1 &$6 '·$120$/,( '(
GH YRWUH IRXU SDU H[HPSOH XQ EDWWHXU pOHFWULTXH
)21&7,211(0(17µ 6L PDOJUp WRXWHV OHV
DVVXUH]YRXV TXH OH ILO GH FHOXLFL QH ULVTXH SDV GH
YpULILFDWLRQV XQH LQWHUYHQWLRQ V·DYqUH QpFHVVDLUH OH
WRXFKHU XQH VXUIDFH WUqV FKDXGH TXL VHUDLW VXVFHSWLEOH
YHQGHXU GH YRWUH DSSDUHLO HVW OH SUHPLHU KDELOLWp j
GH OH IDLUH IRQGUH RX ELHQ TXH VRQ ILO QH ULVTXH SDV
LQWHUYHQLU $ GpIDXW GpPpQDJHPHQW GH YRWUH SDUW
G·rWUH FRLQFp GDQV OD SRUWH GX IRXU
IHUPHWXUH GX PDJDVLQ R YRXV DYH] HIIHFWXp
(Q SOXV GHV DFFHVVRLUHV IRXUQLV DYHF YRWUH IRXU QRXV
O·DFKDW YHXLOOH] FRQVXOWHU O·$VVLVWDQFH 7HFKQLTXH
YRXV FRQVHLOORQV GH Q·XWLOLVHU TXH GHV SODWV GHV
&RQVRPPDWHXUV TXL YRXV FRPPXQLTXHUD DORUV
PRXOHV j JkWHDX[ UpVLVWDQWV j GH KDXWHV
O·DGUHVVH G·XQ 6HUYLFH $SUqV9HQWH ,QGLTXH] OD
WHPSpUDWXUHV VXLYH] OHV LQVWUXFWLRQV GHV IDEULFDQWV UpIpUHQFH FRPPHUFLDOH HW OH QXPpUR GH VpULH GH YRWUH
$SUqV XWLOLVDWLRQ GH YRWUH IRXU DVVXUH]YRXV TXH
DSSDUHLO TXL ILJXUHQW VXU OD SODTXH VLJQDOpWLTXH
WRXWHV OHV FRPPDQGHV VH WURXYHQW VXU OD SRVLWLRQ
1·HVVD\H] SDV GH UpSDUHU YRWUH DSSDUHLO YRXVPrPH
$UUrW
FHFL SRXUUDLW rWUH OD FDXVH G·LQFLGHQWV
(Q FDV G·LQWHUYHQWLRQ VXU YRWUH DSSDUHLO H[LJH] GX
6HUYLFH $SUqV9HQWH OHV SLqFHV GH UHFKDQJH
FHUWLILpHV &RQVWUXFWHXU
6pFXULWp HQIDQW
/D IDoDGH GH YRWUH IRXU HVW FKDXGH SHQGDQW
O·XWLOLVDWLRQ HW OH QHWWR\DJH pORLJQH] OHV MHXQHV
HQIDQWV
3RXU FHW DSSDUHLO QRXV YRXV SURSRVRQV XQ NLW SRUWH
IURLGH GLVSRQLEOH HQ RSWLRQ DXSUqV GH YRWUH UHYHQGHXU
YRLU &KDSLWUH ´6SpFLILFDWLRQV WHFKQLTXHVµ $VVXUH]YRXV TXH OHV HQIDQWV QH PDQLSXOHQW SDV OHV
FRPPDQGHV GX IRXU
6XU OD SRUWH RXYHUWH GH YRWUH IRXU QH SRVH] SDV GH FKDUJH ORXUGH
DVVXUH]YRXV TX·XQ HQIDQW QH SXLVVH QL PRQWHU
QL V·DVVHRLU
1HWWR\DJH
$YDQW GH SURFpGHU DX QHWWR\DJH PDQXHO GH YRWUH IRXU
YpULILH] TX·DXFXQ pOpPHQW QH VRLW VRXV WHQVLRQ HW TXH
OHV SDURLV LQWpULHXUHV VRLHQW VXIILVDPPHQW UHIURLGLHV
9HLOOH] j FH TXH OH MRLQW G·pWDQFKpLWp HW OH FDGUH LQWHUQH
GH SRUWH GX IRXU VRLHQW WRXMRXUV SURSUHV
/HV DSSDUHLOV j YDSHXU HW j KDXWH SUHVVLRQ VRQW j
SURVFULUH SRXU OH QHWWR\DJH GH YRWUH IRXU H[LJHQFHV
UHODWLYHV j OD VpFXULWp pOHFWULTXH 3URWHFWLRQ GH O·HQYLURQQHPHQW
7RXV OHV PDWpULDX[ PDUTXpV SDU OH V\PEROH
UHF\FODEOHV 'pSRVH]OHV GDQV XQH GpFKHWWHULH
SUpYXH j FHW HIIHW UHQVHLJQH]YRXV DXSUqV GHV
VHUYLFHV GH YRWUH FRPPXQH SRXU TX·LOV SXLVVHQW rWUH
UpFXSpUpV HW UHF\FOpV
6L YRXV SURFpGH] j OD PLVH DX UHEXW GH YRWUH DSSDUHLO
PHWWH] KRUV G·XVDJH FH TXL SRXUUDLW UHSUpVHQWHU XQ
GDQJHU SDU H[HPSOH FRXSH] OH FkEOH G·DOLPHQWDWLRQ
DX UDV GH O·DSSDUHLO
8WLOLVDWLRQ
(Q HQIRXUQDQW RX HQ VRUWDQW YRV SODWV GX IRXU SUHQH]
OD SUpFDXWLRQ GH QH SDV YRXV DSSURFKHU GHV pOpPHQWV
FKDXIIDQWV VXSpULHXUV HW XWLOLVH] GHV JDQWV WKHUPLTXHV
GH FXLVLQH
1H SODFH] MDPDLV GH SDSLHU G·DOXPLQLXP GLUHFWHPHQW
HQ FRQWDFW DYHF OD VROH OD FKDOHXU DFFXPXOpH SRXUUDLW
HQWUDvQHU XQH GpWpULRUDWLRQ GH O·pPDLO
VRQW
$YDQW G·XWLOLVHU YRWUH DSSDUHLO YHXLOOH]
OLUH WRXWHV OHV LQVWUXFWLRQV HW
FRQVHUYH]OHV SRXU UpIpUHQFHV
XOWpULHXUHV
9275( )285 $ (1&$675(5
9XH JpQpUDOH
%DQGHDX GH FRPPDQGHV DYHF SURJUDPPDWHXU
VpOHFWHXU GH IRQFWLRQV HW WKHUPRVWDW
3RLJQpH GH SRUWH HUJRQRPLTXH
3RUWH SOHLQ YHUUH DYHF JUDQGH YLVLELOLWp
%DQGHDX GH FRPPDQGHV
➀ 3URJUDPPDWHXU
➁ 6pOHFWHXU GH IRQFWLRQV
➂ 9R\DQW GH PDUFKH
➃ 9R\DQW GH UpJXODWLRQ GH IRXU
➄ 7KHUPRVWDW GH IRXU
/·,17(5,(85 '8 )285
➀ *UDGLQV
➁ 7XUELQH GH YHQWLODWLRQ
➂ *ULO
➃ (OpPHQW FKDXIIDQW VXSpULHXU
➄ (FODLUDJH GX IRXU
➅ (OpPHQW FKDXIIDQW LQIpULHXU VLWXp VRXV OD VROH
➆ (QWUDvQHPHQW GH OD EURFKH
➊ j➎
1LYHDX[ GH JUDGLQV
/HV DFFHVVRLUHV GX IRXU
(Q SOXV GHV DFFHVVRLUHV IRXUQLV DYHF YRWUH
IRXU QRXV YRXV FRQVHLOORQV GH Q·XWLOLVHU
TXH GHV SODWV GHV PRXOHV j JkWHDX[
UpVLVWDQW j GH KDXWHV WHPSpUDWXUHV VXLYH]
OHV LQVWUXFWLRQV GHV IDEULFDQWV /D JULOOH VXSSRUW GH SODW
9RWUH IRXU HVW pTXLSp GH
JULOOHV VXSSRUW GH SODW
SODWHDX PXOWLXVDJHV
WRXUQHEURFKH
/D JULOOH VXSSRUW GH SODW
'pKDQFKHPHQW YHUV OH KDXW
(OOH SHUPHW GH SRVHU OHV SODWV U{WLV JUDWLQV OHV
PRXOHV j SkWLVVHULH HWF
9RXV SRXYH] O·XWLOLVHU GDQV OHV GHX[ VHQV GH
GpKDQFKHPHQW SRXU DMXVWHU OD SRVLWLRQ GH YRV SODWV SDU
UDSSRUW j OD VRXUFH GH FKDOHXU
'pKDQFKHPHQW YHUV OH EDV
3RXU OHV SUpSDUDWLRQV WUqV ORXUGHV SOXV GH NJ SRVLWLRQQH] OD JULOOH VXSSRUW GH SODW GpKDQFKHPHQW
YHUV OH KDXW
/H SODWHDX PXOWLXVDJHV
,O V·XWLOLVH SRXU OD FXLVVRQ RX OH UpFKDXIIDJH GH SL]]DV
GH SHWLWV JkWHDX[ LQGLYLGXHOV SRVpV GLUHFWHPHQW
GHVVXV
/H SODWHDX PXOWLXVDJHV
3ODQ LQFOLQp
YHUV O·DYDQW
,O V·XWLOLVH DXVVL SRXU UHFXHLOOLU OH MXV GHV JULOODGHV RX
GHV FXLVVRQV DX WRXUQHEURFKH
1RXV YRXV UHFRPPDQGRQV GH JOLVVHU OH SODWHDX GDQV
OHV JUDGLQV OHV SHWLWV WURXV FLUFXODLUHV YHUV O·DUULqUH
IRQG GX IRXU HW OH SODQ LQFOLQp YHUV O·DYDQW F{Wp SRUWH
GH IRXU 3UHQH] OD SUpFDXWLRQ GH FHQWUHU YRV SODWV VXU OD JULOOH
HW GH FHQWUHU OH SODWHDX PXOWLXVDJHV GDQV OH IRXU SRXU
SHUPHWWUH XQH ERQQH FLUFXODWLRQ G·DLU HW REWHQLU GH
ERQV UpVXOWDWV FXOLQDLUHV
3HWLWV WURXV
FLUFXODLUHV
YHUV O·DUULqUH
/H WRXUQHEURFKH
/H WRXUQHEURFKH
%URFKH
,O HVW FRPSRVp GH
EURFKH
IRXUFKHWWHV
VXSSRUW GH EURFKH
)RXUFKHWWHV
6XSSRUW GH EURFKH
/HV JUDGLQV
9RWUH IRXU HVW pTXLSp GH QLYHDX[ GH JUDGLQV 'DQV OHV
JXLGHV GHV FXLVVRQV LOV VRQW QXPpURWpV GH j HQ
SDUWDQW GX EDV YHUV OH KDXW $VVXUH]YRXV TXH OHV DFFHVVRLUHV VRLHQW SRVLWLRQQpV
KRUL]RQWDOHPHQW GDQV OH IRXU
/( 352*5$00$7(85
&H SURJUDPPDWHXU SHXW rWUH XWLOLVp FRPPH XQ
PLQXWHXU RX SRXU OD SURJUDPPDWLRQ G·XQH FXLVVRQ
/HV WRXFKHV GX SURJUDPPDWHXU
$IILFKHXU
$ 3HUPHW GH GLPLQXHU OHV WHPSV GH FXLVVRQ
% 0LQXWHXU
& 'XUpH GH FXLVVRQ
' )LQ GH FXLVVRQ
,QGLFDWHXUV
OXPLQHX[
FRUUHVSRQGDQWV
0LVH j O·KHXUH GH O·KRUORJH
$SUqV UDFFRUGHPHQW GH YRWUH IRXU DX UpVHDX
pOHFWULTXH RX DSUqV XQH FRXSXUH G·pOHFWULFLWp $SSX\H] VLPXOWDQpPHQW VXU & HW '
OHV LQGLFDWHXUV OXPLQHX[ HW FOLJQRWHQW
$SUqV TXHOTXHV VHFRQGHV OD URWDWLRQ GHV DLJXLOOHV
V·DFFpOqUH
5HOkFKH] OHV WRXFKHV ORUVTXH OHV DLJXLOOHV GX
PLQXWHXU DIILFKHQW O·KHXUH VRXKDLWpH
/HV DLJXLOOHV WRXUQHURQW WRXMRXUV GDQV OH VHQV GHV
DLJXLOOHV G·XQH PRQWUH HW MDPDLV j O·LQYHUVH
(Q FDV GH PLFURFRXSXUH GH O·DOLPHQWDWLRQ pOHFWULTXH
Q·H[FpGDQW SDV GHX[ VHFRQGHV OD UHPLVH j O·KHXUH
Q·HVW SDV QpFHVVDLUH
8WLOLVDWLRQ GX PLQXWHXU IRQFWLRQ ´VDEOLHUµ
/D IRQFWLRQ PLQXWHXU HVW LQGpSHQGDQWH GX IRXU HW
Q·D DXFXQ HIIHW VXU OD PLVH HQ IRQFWLRQQHPHQW RX
O·DUUrW GX IRXU
$SSX\H] VXU OD WRXFKH %
/H YR\DQW OXPLQHX[ FOLJQRWH HW V·DIILFKH
0DLQWHQH] OD SUHVVLRQ HW UHOkFKH] ORUVTXH OD GXUpH
FKRLVLH HVW DIILFKpH /·LQGLFDWHXU FOLJQRWH SHQGDQW
OH UpJODJH SXLV UHVWH DOOXPp
$SUqV O·pFRXOHPHQW GX WHPSV FKRLVL XQ VLJQDO
VRQRUH UHWHQWLW SHQGDQW GHX[ PLQXWHV HQYLURQ
3RXU O·LQWHUURPSUH DSSX\H] VXU &
&RPPHQW PRGLILHU OH WHPSV FKRLVL "
$SSX\H] VXU % SRXU IDLUH FOLJQRWHU O·LQGLFDWHXU
$SSX\H] VXU $ SRXU UpGXLUH OH WHPSV DIILFKp RX VXU
% SRXU O·DXJPHQWHU
&RPPHQW WRXW DQQXOHU "
9RXV DSSX\H] VLPXOWDQpPHQW VXU % HW $ SRXU WRXW
DQQXOHU UDSLGHPHQW
DX[ WRXFKHV
% & HW '
3URJUDPPDWLRQ VHPL DXWRPDWLTXH G·XQH FXLVVRQ 'pSDUW LPPpGLDW DUUrW DXWRPDWLTXH
3ODFH] OH VpOHFWHXU GH IRQFWLRQV SXLV OH WKHUPRVWDW
VXU OHV SRVLWLRQV FKRLVLHV /HV YR\DQWV
HW
V·DOOXPHQW
$SSX\H] VXU & SRXU FKRLVLU OD GXUpH GH FXLVVRQ
TXL V·LQVFULW VXU O·DIILFKHXU
/RUVTXH OH WHPSV FKRLVL HVW pFRXOp XQ VLJQDO VRQRUH
UHWHQWLW SHQGDQW GHX[ PLQXWHV HQYLURQ /H IRXU Q·HVW
SOXV HQ IRQFWLRQQHPHQW
C
5DPHQH] OHV FRPPDQGHV VXU OD SRVLWLRQ $UUrW
7KHUPRVWDW VXU HW VpOHFWHXU GH IRQFWLRQV VXU $SSX\H] VXU & SRXU DUUrWHU OH VLJQDO VRQRUH
/·LQGLFDWHXU HW O·DIILFKHXU
TXHOTXHV VHFRQGHV
V·pWHLJQHQW
DSUqV
&RPPHQW PRGLILHU OH WHPSV FKRLVL "
$SSX\H] VXU & SRXU IDLUH FOLJQRWHU O·LQGLFDWHXU
$SSX\H] VXU $ SRXU UpGXLUH OH WHPSV DIILFKp RX VXU
% SRXU O·DXJPHQWHU
&RPPHQW WRXW DQQXOHU "
$SSX\H] VLPXOWDQpPHQW VXU & HW $ SRXU WRXW
DQQXOHU UDSLGHPHQW
3URJUDPPDWLRQ DXWRPDWLTXH G·XQH FXLVVRQ 'pSDUW GLIIpUp DUUrW DXWRPDWLTXH
,O HVW QRUPDO TXH OH YHQWLODWHXU GH UHIURLGLVVHPHQW
VH PHWWH HQ URXWH DYDQW OH GpEXW GH OD FXLVVRQ
3ODFH] OH VpOHFWHXU GH IRQFWLRQV SXLV OH WKHUPRVWDW
VXU OHV SRVLWLRQV FKRLVLHV
$SSX\H] VXU & SRXU FKRLVLU OD GXUpH GH FXLVVRQ
TXL V·LQVFULW VXU O·DIILFKHXU
$SSX\H] VXU ' HW PDLQWHQH] OD WRXFKH HQIRQFpH
MXVTX·j FH TXH OHV DLJXLOOHV GH O·KRUORJH VH
SRVLWLRQQHQW VXU O·KHXUH GH ILQ GH FXLVVRQ FKRLVLH
/·LQGLFDWHXU ´'XUpH GH FXLVVRQµ UHVWH DOOXPp HW
FHOXL GH ´)LQ GH FXLVVRQµ FOLJQRWH
/HV DLJXLOOHV UHVWHQW VXU O·KHXUH GH ILQ GH FXLVVRQ
/RUVTXH OH WHPSV GH FXLVVRQ HVW pFRXOp XQ VLJQDO
VRQRUH UHWHQWLW SHQGDQW GHX[ PLQXWHV HQYLURQ HW WRXV
OHV LQGLFDWHXUV OXPLQHX[ V·pWHLJQHQW UHVWH DIILFKp
/H IRXU Q·HVW SOXV HQ IRQFWLRQQHPHQW
5DPHQH] OHV FRPPDQGHV VXU OD SRVLWLRQ $UUrW
WKHUPRVWDW VXU HW VpOHFWHXU GH IRQFWLRQV VXU $SSX\H] VXU & SRXU DUUrWHU OH VLJQDO VRQRUH
/·LQGLFDWHXU HW O·DIILFKHXU V·pWHLJQHQW
&RPPHQW WRXW DQQXOHU "
$SSX\H] VLPXOWDQpPHQW VXU & HW VXU $ SRXU
UHPHWWUH O·DIILFKHXU j ]pUR /H YR\DQW FOLJQRWH
/HV DLJXLOOHV GH O·KRUORJH VH UHPHWWHQW j O·KHXUH
DXWRPDWLTXHPHQW
/H YR\DQW HW O·DIILFKHXU V·pWHLJQHQW
&216(,/6 $9$17 /$ 35(0,(5( 87,/,6$7,21
3UHPLHU QHWWR\DJH
(QOHYH] OHV DFFHVVRLUHV HW ODYH]OHV j O·HDX
VDYRQQHXVH HQ SUHQDQW VRLQ GH ELHQ OHV ULQFHU HW OHV
HVVX\HU
3UHPLqUH XWLOLVDWLRQ
$YDQW OD SUHPLqUH XWLOLVDWLRQ GH YRWUH IRXU
IDLWHV OH FKDXIIHU XQH IRLV j YLGH $VVXUH]
YRXV DORUV TXH OD SLqFH VRLW VXIILVDPPHQW
DpUpH 90& YHQWLODWLRQ PpFDQLTXH
FRQWU{OpH HQ IRQFWLRQQHPHQW RX IHQrWUH
RXYHUWH
/( 6(/(&7(85 '( )21&7,216
&RPPHQW SURFpGHU "
(QOHYH] WRXV OHV DFFHVVRLUHV GX IRXU
5HWLUH] OHV pWLTXHWWHV SXEOLFLWDLUHV HW OHV
DXWRFROODQWV TXL SRXUUDLHQW VH WURXYHU VXU OD IDoDGH
GH YRWUH DSSDUHLO
0HWWH] OH SURJUDPPDWHXU j O·KHXUH YRLU &KDSLWUH
3URJUDPPDWHXU 3ODFH] OH VpOHFWHXU VXU OD SRVLWLRQ
HW OH
WKHUPRVWDW VXU )DLWHV FKDXIIHU SHQGDQW XQH KHXUH DILQ G·pOLPLQHU
O·RGHXU SURYHQDQW GX FDORULIXJH
&HV RSpUDWLRQV SHXYHQW V·HIIHFWXHU VRXV OH FRQWU{OH GX
SURJUDPPDWHXU
/H PRGH OH WHPSV HW OD WHPSpUDWXUH GH FXLVVRQ
LQGLTXpV GDQV OHV JXLGHV GH FXLVVRQV VRQW DGDSWpV j
YRWUH QRXYHDX IRXU 3RXU REWHQLU GH ERQV UpVXOWDWV
FXOLQDLUHV VXLYH] FHV LQGLFDWLRQV
/H YHQWLODWHXU GH UHIURLGLVVHPHQW
8Q YHQWLODWHXU GH UHIURLGLVVHPHQW SHUPHW GH PDLQWHQLU
O·HQYLURQQHPHQW GX IRXU EDQGHDX GH FRPPDQGHV j IDLEOH WHPSpUDWXUH ,O GpPDUUH HW V·DUUrWH
DXWRPDWLTXHPHQW LO HVW QRUPDO TX·LO VH PHWWH HQ URXWH
DYDQW OH GpEXW G·XQH FXLVVRQ HW TXH YRXV O·HQWHQGLH]
HQFRUH TXHOTXHV LQVWDQWV DSUqV O·DUUrW WRWDO GH YRWUH
IRXU
&RQVHLOV G·XWLOLVDWLRQ
$ OD ILQ G·XQH FXLVVRQ VL YRXV ODLVVH] YRWUH SODW j
O·LQWpULHXU GX IRXU QRXV YRXV UHFRPPDQGRQV GH SODFHU
OH VpOHFWHXU GH IRQFWLRQV VXU OD SRVLWLRQ (FODLUDJH
HW OH WKHUPRVWDW VXU $UUrW $LQVL OH YHQWLODWHXU GH UHIURLGLVVHPHQW FRQWLQXHUD GH
IRQFWLRQQHU HW SHUPHWWUD G·pYDFXHU OD YDSHXU
DFFXPXOpH GDQV O·HQFHLQWH HW G·pYLWHU WRXWH
FRQGHQVDWLRQ VXU OH EDQGHDX GH FRPPDQGHV DLQVL TXH
VXU YRWUH PHXEOH
/( 7+(50267$7
/(6 &200$1'(6 '( )285
/H VpOHFWHXU GH IRQFWLRQV
3RXU DWWHLQGUH OH PRGH GH FXLVVRQ GpVLUp WRXUQH] OD
FRPPDQGH GX VpOHFWHXU GH IRQFWLRQV GDQV OH VHQV LQYHUVH GHV DLJXLOOHV G·XQH PRQWUH
SRXU
/D FXLVVRQ WUDGLWLRQQHOOH
/D FXLVVRQ DX PD[L JULO
/D FXLVVRQ DX WRXUQHEURFKH
/D FXLVVRQ DX JULO
/D FXLVVRQ GHV YLDQGHV
/( 6(/(&7(85 '( )21&7,216
GDQV OH VHQV GHV DLJXLOOHV G·XQH PRQWUH SRXU
/·pFODLUDJH GX IRXU
/D FXLVVRQ YHQWLOpH
VXU XQ RX GHX[ QLYHDX[
/D FXLVVRQ DX WXUER JULO
3RXU PHWWUH OH IRXU HQ IRQFWLRQQHPHQW FKRLVLU OD
SRVLWLRQ GX VpOHFWHXU GH IRQFWLRQV SXLV OD WHPSpUDWXUH
DSSURSULpH j O·DLGH GX WKHUPRVWDW
3RXU DUUrWHU OH IRXU UDPHQHU OH WKHUPRVWDW VXU SXLV
OH VpOHFWHXU GH IRQFWLRQV VXU /·pFODLUDJH IRQFWLRQQH GqV TXH OD FRPPDQGH GX
VpOHFWHXU GH IRQFWLRQV HVW WRXUQpH /H IRXU UHVWH
pFODLUp SHQGDQW TXH OD FXLVVRQ V·HIIHFWXH
/( 7+(50267$7
/H WKHUPRVWDW
/H UpJODJH GH OD WHPSpUDWXUH V·HIIHFWXH j O·DLGH GX
WKHUPRVWDW HQ WRXUQDQW OD FRPPDQGH GDQV OH VHQV GHV
DLJXLOOHV G·XQH PRQWUH ,O HVW JUDGXp GH j HW UpJXOH
OD WHPSpUDWXUH GX IRXU
/HV YR\DQWV
0DUFKH
/H YR\DQW V·DOOXPH GqV OD PLVH VRXV WHQVLRQ GH
O·DSSDUHLO ,O V·pWHLQW ORUVTXH OD FRPPDQGH GX VpOHFWHXU
GH IRQFWLRQV HVW VXU OD SRVLWLRQ $UUrW 7KHUPRVWDW
/H YR\DQW V·DOOXPH SHQGDQW OH SUpFKDXIIDJH GX IRXU HW
V·pWHLQW ORUVTXH OD WHPSpUDWXUH VpOHFWLRQQpH HVW
DWWHLQWH ,O VH UDOOXPH ORUV GH OD FXLVVRQ SRXU LQGLTXHU
TXH OD WHPSpUDWXUH GH FXLVVRQ VpOHFWLRQQpH HVW PDLQ
WHQXH
$SUqV
XWLOLVDWLRQ
GH
YRWUH
IRXU
DVVXUH]YRXV TXH OHV FRPPDQGHV VH
WURXYHQW VXU OD SRVLWLRQ $UUrW WKHUPRVWDW
VXU SXLV VpOHFWHXU GH IRQFWLRQV VXU /(6 ',))(5(17(6 326,7,216 '( &8,6621
/D FXLVVRQ WUDGLWLRQQHOOH
(OOH FRQYLHQW j WRXWHV OHV FXLVVRQV WRXW VSpFLDOHPHQW
GH SkWLVVHULHV GH SRLVVRQV GH WHUULQHV HW GH
SUpSDUDWLRQV j EDVH GH OpJXPHV (OOH SHXW FRQYHQLU
pJDOHPHQW j OD GpFRQJpODWLRQ GH FHUWDLQV SODWV
FXLVLQpV HW DX UpFKDXIIDJH GH YRV SODWV SUpSDUpV j
O·DYDQFH
/D FXLVVRQ DX PD[L JULO
(OOH SHUPHW GH JULOOHU OHV SLqFHV GH YLDQGHV pSDLVVHV
RX GH JUDWLQHU GHV SODWV GpMj FXLWV HW FKDXGV
/D FXLVVRQ DX WRXUQHEURFKH
(OOH SHUPHW GH FXLUH OHV SRXOHWV OHV U{WLV j OD EURFKH
/D FXLVVRQ DX JULO
(OOH SHUPHW GH JULOOHU OHV SLqFHV GH YLDQGHV SHX
pSDLVVHV RX GH GRUHU OHV WRDVWV
/D FXLVVRQ GHV YLDQGHV
(OOH HVW VSpFLDOHPHQW DGDSWpH j OD FXLVVRQ GH U{WLV HW
GH YRODLOOHV GDQV XQ SODW
/D FXLVVRQ YHQWLOpH
VXU XQ RX GHX[ QLYHDX[
(OOH SHUPHW GH FXLUH VLPXOWDQpPHQW VXU SOXVLHXUV
QLYHDX[ GHV SUpSDUDWLRQV LGHQWLTXHV RX GH QDWXUH
GLIIpUHQWHV (OOH FRQYLHQW j WRXV OHV W\SHV GH
SUpSDUDWLRQV FXOLQDLUHV PrPH GpOLFDWHV
/D FXLVVRQ DX WXUER JULO
(OOH SHUPHW GH JULOOHU OHV SLqFHV GH YLDQGHV pSDLVVHV
RX FHUWDLQV SRLVVRQV FKDUQXV HW GH UpFKDXIIHU HW
JUDWLQHU OHV JUDWLQV IURLGV SUpSDUpV j O·DYDQFH
/D FXLVVRQ WUDGLWLRQQHOOH
(OOH FRQYLHQW j WRXWHV OHV FXLVVRQV WRXW VSpFLDOHPHQW
GH SkWLVVHULHV GH SRLVVRQV GH WHUULQHV HW GH
SUpSDUDWLRQV j EDVH GH OpJXPHV
/H SUpFKDXIIDJH GX IRXU HVW QpFHVVDLUH
&RPPHQW SURFpGHU "
3RXU OHV SkWLVVHULHV OHV JUDWLQV OHV WHUULQHV 3UpFKDXIIH] OH IRXU HQ SODoDQW OH VpOHFWHXU GH
IRQFWLRQV VXU OD SRVLWLRQ GH FXLVVRQ
HW OH
WKHUPRVWDW VXU OD WHPSpUDWXUH GH FXLVVRQ FKRLVLH
&RQVXOWH] OH JXLGH GHV FXLVVRQV
'XUpH GH SUpFKDXIIDJH
PLQXWHV HQYLURQ SRXU OH UHSqUH
PLQXWHV HQYLURQ SRXU OH UHSqUH (QIRXUQH] YRWUH SODW GqV TXH OH YR\DQW GH
WKHUPRVWDW HVW pWHLQW
/D GpFRQJpODWLRQ HWRX OH UpFKDXIIDJH
/D SRVLWLRQ FXLVVRQ WUDGLWLRQQHOOH SHXW FRQYHQLU
pJDOHPHQW j OD GpFRQJpODWLRQ GH FHUWDLQV SODWV HWRX
DX UpFKDXIIDJH GH YRV SODWV SUpSDUpV j O·DYDQFH
7KHUPRVWDW VXU OD JUDGXDWLRQ PLQLPXP
'DQV FH FDV HQIRXUQH] OD SUpSDUDWLRQ GLUHFWHPHQW
VDQV SUpFKDXIIDJH
/D FXLVVRQ DX PD[L JULO
HW DX JULO
/·XWLOLVDWLRQ GX JULO VH IDLW SRUWH IHUPpH
SRXU pFRQRPLVHU GH O·pQHUJLH pYLWHU WRXW
GpJDJHPHQW G·RGHXUV HW GH IXPpHV HW SRXU
QH SDV HQGRPPDJHU OHV FRPPDQGHV GH
O·DSSDUHLO
7RXWHV OHV FXLVVRQV DX JULO GRLYHQW rWUH IDLWHV
VRXV YRWUH VXUYHLOODQFH
/H PD[L JULO
/H JULO
&H PRGH GH FXLVVRQ SHUPHW GH JULOOHU GHV SLqFHV GH
YLDQGH pSDLVVHV F{WH GH ERHXI GH JURV SRLVVRQV
GRUDGHV EDUV RX SDU H[HPSOH GHV VDXFLVVHV RX
PHUJXH] HQ JUDQGHV TXDQWLWpV ,O SHUPHW DXVVL GH
JUDWLQHU GHV SODWV GpMj FXLWV HW FKDXGV GH SUpIpUHQFH
JUDWLQV GH SkWHV &H PRGH GH FXLVVRQ SHUPHW GH JULOOHU GHV SLqFHV GH
YLDQGH SHX pSDLVVHV HW HQ SHWLWHV TXDQWLWpV
,O SHUPHW GH GRUHU GHV WRDVWV RX GH JULOOHU GHV SHWLWV
SRLVVRQV VDUGLQHV &RPPHQW SURFpGHU "
/HV JULOODGHV
/HV JUDWLQV
3UpSDUH] OD SLqFH j JULOOHU
3RVLWLRQQH] OH VpOHFWHXU GH IRQFWLRQV VXU
3ODFH]OD GLUHFWHPHQW VXU OD JULOOH VXSSRUW GH SODW
RX
SXLV OH WKHUPRVWDW VXU OD WHPSpUDWXUH GH
FXLVVRQ FKRLVLH
RX
3ODFH] OH VpOHFWHXU GH IRQFWLRQV VXU
SXLV OH WKHUPRVWDW VXU OD WHPSpUDWXUH GH FXLVVRQ
FKRLVLH FRQVXOWH] OH JXLGH GHV FXLVVRQV 3ODFH] OH SODW VXU OD JULOOH VXSSRUW HW JOLVVH]
O·HQVHPEOH DX JUDGLQ ➂ RX ➃
/RUVTXH OH JULO HVW URXJH /DLVVH] OH PHWV H[SRVp TXHOTXHV PLQXWHV DX
UD\RQQHPHQW GX JULO
3ODFH] OH SODWHDX PXOWLXVDJHV DX JUDGLQ ➀
*OLVVH] OD JULOOH DX JUDGLQ ➂ RX ➃ VXLYDQW
O·pSDLVVHXU GH OD SLqFH j JULOOHU
/RUVTXH OD SUHPLqUH IDFH HVW GRUpH UHWRXUQH] OD
SLqFH VDQV OD SLTXHU SRXU pYLWHU GH OXL IDLUH SHUGUH
VRQ MXV 3RXU OHV VDXFLVVHV HW OHV YRODLOOHV LO HVW
FRQVHLOOp GH SLTXHU OD SHDX DYDQW FXLVVRQ
)DLWHV JULOOHU OD GHX[LqPH IDFH
6DOH] HQ ILQ GH FXLVVRQ
/H WHPSV GH FXLVVRQ GRLW rWUH GpWHUPLQp HQ IRQFWLRQ GH
O·pSDLVVHXU GH OD SLqFH j JULOOHU HW QRQ GH VRQ SRLGV
3OXV OD SUpSDUDWLRQ VHUD SURFKH GH O·pOpPHQW
UD\RQQDQW SOXV OH ´JUDWLQDJHµ VHUD UDSLGH
/D FXLVVRQ DX WRXUQHEURFKH
/D EURFKH HW VRQ VXSSRUW VRQW WUqV FKDXGV
DSUqV OD FXLVVRQ 8WLOLVH] GHV JDQWV
WKHUPLTXHV GH FXLVLQH
&RPPHQW SURFpGHU "
(QILOH] XQH IRXUFKHWWH VXU OD EURFKH SXLV OD SLqFH
j U{WLU HQ YHLOODQW j FH TX·HOOH VRLW ELHQ FHQWUpH
(QILOH] HQVXLWH OD GHX[LqPH IRXUFKHWWH
%ORTXH] OHV IRXUFKHWWHV j O·DLGH GHV YLV
3RVH] OD EURFKH VXU OH VXSSRUW HW JOLVVH]
O·HQVHPEOH DX JUDGLQ ➂
/H WRXUQHEURFKH
3RXVVH] OD EURFKH SRXU HQJDJHU VRQ H[WUpPLWp
GDQV OH FDUUp G·HQWUDvQHPHQW GH OD EURFKH RULILFH
VLWXp DX IRQG GX IRXU j JDXFKH )RXUFKHWWHV
%URFKH
*OLVVH] OH SODWHDX PXOWLXVDJHV DX JUDGLQ ➀
)HUPH] OD SRUWH GX IRXU
6XSSRUW GH EURFKH
0HWWH] OH VpOHFWHXU GH IRQFWLRQV VXU OD SRVLWLRQ
SXLV OH WKHUPRVWDW VXU 9pULILH] TXH OD EURFKH WRXUQH
3RXU VRUWLU OD SLqFH U{WLH UHPHWWH] OH WKHUPRVWDW
SXLV OH VpOHFWHXU GH IRQFWLRQV VXU OD SRVLWLRQ $UUrW
7LUH] GRXFHPHQW HW VRUWH] VLPXOWDQpPHQW GX IRXU
OH SODWHDX PXOWLXVDJHV O·HQVHPEOH VXSSRUW GH
EURFKH HW OD EURFKH
/D FXLVVRQ GHV YLDQGHV
&HWWH SRVLWLRQ HVW VSpFLDOHPHQW DGDSWpH j OD FXLVVRQ
GHV YLDQGHV
/HV SURMHFWLRQV GH JUDLVVH OH GpJDJHPHQW GH IXPpHV
HW
OHV
RGHXUV
GpVDJUpDEOHV
GLPLQXHQW
FRQVLGpUDEOHPHQW
9RWUH YLDQGH VHUD GRUpH HW PRHOOHXVH YRWUH IRXU
UHVWHUD SURSUH SOXV ORQJWHPSV
&RPPHQW SURFpGHU "
3UpFKDXIIH] OH IRXU HQ SODoDQW OH VpOHFWHXU GH
SXLV OH WKHUPRVWDW VXU
IRQFWLRQV VXU OD SRVLWLRQ
OD WHPSpUDWXUH GH FXLVVRQ FKRLVLH
(QIRXUQH] OD SLqFH j U{WLU SXLV VDQV PRGLILHU OD
SRVLWLRQ GX WKHUPRVWDW SODFH] OH VpOHFWHXU GH
UpVHUYpH j OD FXLVVRQ
IRQFWLRQV VXU OD SRVLWLRQ
GHV YLDQGHV U{WLHV
/D FXLVVRQ DX WXUER JULO
/D FXLVVRQ DX WXUER JULO VH IDLW SRUWH
IHUPpH HW VRXV YRWUH VXUYHLOODQFH
/HV pOpPHQWV FKDXIIDQWV VXSpULHXUV HW OD WXUELQH
IRQFWLRQQHQW DOWHUQDWLYHPHQW HW LO HVW QRUPDO TXH
OD WXUELQH QH VH PHWWH SDV HQ PDUFKH
LPPpGLDWHPHQW
9RXV XWLOLVHUH] FHWWH SRVLWLRQ SRXU OHV JULOODGHV GH
SLqFHV GH YLDQGHV pSDLVVHV F{WHV GH ERHXI
PRUFHDX[ GH SRXOHWV RX FHUWDLQV SRLVVRQV FKDUQXV
DLQVL TXH SRXU OHV JUDWLQV IURLGV SUpSDUpV j O·DYDQFH
TXH YRXV VRXKDLWH] j OD IRLV UpFKDXIIHU HW JUDWLQHU /D
FKDOHXU GRUH OHV DOLPHQWV OHV FXLW RX OHV UpFKDXIIH j
FRHXU UDSLGHPHQW
&H PRGH GH FXLVVRQ QH QpFHVVLWH
SUpFKDXIIDJH
SDV
GH
&RPPHQW SURFpGHU "
/HV JULOODGHV
3UpSDUH] OD SLqFH j JULOOHU
3ODFH]OD GLUHFWHPHQW VXU OD JULOOH VXSSRUW GH SODW
SXLV OH
3ODFH] OH VpOHFWHXU GH IRQFWLRQV VXU
WKHUPRVWDW VXU OD WHPSpUDWXUH GH FXLVVRQ FKRLVLH
FRQVXOWH] OH JXLGH GHV FXLVVRQV /RUVTXH OH JULO HVW URXJH 3ODFH] OH SODWHDX PXOWLXVDJHV DX JUDGLQ ➀
*OLVVH] OD JULOOH DX JUDGLQ ➂ RX ➃ VXLYDQW
O·pSDLVVHXU GH OD SLqFH j JULOOHU
/RUVTXH OD SUHPLqUH IDFH HVW GRUpH UHWRXUQH] OD
SLqFH VDQV OD SLTXHU SRXU pYLWHU GH OXL IDLUH SHUGUH
VRQ MXV 3RXU OHV VDXFLVVHV HW OHV YRODLOOHV LO HVW
FRQVHLOOp GH SLTXHU OD SHDX DYDQW FXLVVRQ
)DLWHV JULOOHU OD GHX[LqPH IDFH
6DOH] HQ ILQ GH FXLVVRQ
/H WHPSV GH FXLVVRQ GRLW rWUH GpWHUPLQp SDU
O·pSDLVVHXU GH OD SLqFH j JULOOHU HW QRQ SDU VRQ SRLGV
/HV JUDWLQV
3RVLWLRQQH] OH VpOHFWHXU GH IRQFWLRQV VXU
SXLV
OH WKHUPRVWDW VXU OD WHPSpUDWXUH GH FXLVVRQ
FKRLVLH
3ODFH] OH SODW VXU OD JULOOH VXSSRUW HW JOLVVH]
O·HQVHPEOH DX JUDGLQ ➂ RX ➃
/DLVVH] OH PHWV H[SRVp TXHOTXHV PLQXWHV DX
UD\RQQHPHQW GX JULO
3OXV OD SUpSDUDWLRQ VHUD SURFKH GH O·pOpPHQW
UD\RQQDQW SOXV OH ´JUDWLQDJHµ VHUD UDSLGH
/D FXLVVRQ YHQWLOpH
VXU XQ RX GHX[ QLYHDX[
/D FXLVVRQ HQ FKDOHXU YHQWLOpH SHUPHW GH FXLUH VXU XQ
RX GHX[ QLYHDX[ /D FLUFXODWLRQ G·DLU FKDXG UHQG OD
WHPSpUDWXUH HW OD FXLVVRQ SOXV KRPRJqQHV /D FXLVVRQ
HQ FKDOHXU YHQWLOpH FRQYLHQW j WRXV OHV W\SHV GH
SUpSDUDWLRQV FXOLQDLUHV PrPH GpOLFDWHV
/HV DYDQWDJHV GH OD FXLVVRQ YHQWLOpH
/·XWLOLVDWLRQ GH OD FXLVVRQ YHQWLOpH VXSSULPH OH
SUpFKDXIIDJH GDQV OD SOXSDUW GHV FDV
/H PRXYHPHQW G·DLU FKDXG HQYHORSSH OHV
DOLPHQWV OD FXLVVRQ j FRHXU VH IDLW SOXV
UDSLGHPHQW
3UpIpUH] OD SRVLWLRQ FXLVVRQ YHQWLOpH FKDTXH IRLV
TXH YRXV DXUH] j FXLUH GHV SODWV WHOV TXH TXLFKH
JUDWLQ GDXSKLQRLV IODPPLFKH HWF SRXU XQH
FXLVVRQ j FRHXU UpXVVLH
&XLVVRQ G·XQ SODW FRQJHOp
(Q FXLVVRQ YHQWLOpH YRXV SRXUUH] HQIRXUQHU
GLUHFWHPHQW YRV SUpSDUDWLRQV FRQJHOpHV SODWV
FXLVLQpV YLDQGHV YRODLOOHV VDQV GpFRQJpODWLRQ
SUpDODEOH /H SUpFKDXIIDJH HVW LQXWLOH GDQV FH
FDV ,O VXIILW GH GLPLQXHU OpJqUHPHQW OD WHPSpUDWXUH
HQ GpEXW GH FXLVVRQ
3RXU OHV SODWV VXUJHOpV GX FRPPHUFH UHSRUWH]YRXV
DX[ LQGLFDWLRQV GH FXLVVRQ HQ IRXU WUDGLWLRQQHO ILJXUDQW
VXU O·HPEDOODJH
&RPPHQW SURFpGHU "
3UpFKDXIIH] OH IRXU SRXU OHV SUpSDUDWLRQV TXL OH
QpFHVVLWHQW HQ SODoDQW OH VpOHFWHXU GH IRQFWLRQV
SXLV OH WKHUPRVWDW VXU OD WHPSpUDWXUH GH
VXU
FXLVVRQ FKRLVLH
3RXU OHV SUpSDUDWLRQV QH GHPDQGDQW SDV GH
SUpFKDXIIDJH HQIRXUQH] j IURLG HW SRVLWLRQQH] OH
VpOHFWHXU GH IRQFWLRQV VXU
SXLV OH WKHUPRVWDW
VXU OD WHPSpUDWXUH GH FXLVVRQ FKRLVLH
&RQVXOWH] OH JXLGH GHV FXLVVRQV
3RXU EpQpILFLHU HQFRUH SOXV GHV DYDQWDJHV GH OD
FXLVVRQ YHQWLOpH pFRQRPLH G·pQHUJLH JDLQ GH WHPSV
FRQIRUW
G·XWLOLVDWLRQ YRXV
SRXUUH]
FXLUH
VLPXOWDQpPHQW GHV SUpSDUDWLRQV LGHQWLTXHV RX GH
QDWXUHV DXVVL GLIIpUHQWHV TXH GX SRLVVRQ HW GH OD
SkWLVVHULH VDQV TX·LO \ DLW FRPPXQLFDWLRQ G·RGHXUV
HQWUH OHV PHWV
&XLVVRQV JURXSpHV GH SUpSDUDWLRQV GH
PrPH QDWXUH
4XHOV DFFHVVRLUHV GH IRXU FKRLVLU "
(Q IRQFWLRQ GHV DOLPHQWV j FXLUH FKRLVLVVH] OHV JULOOHV
RX OH SODWHDX PXOWLXVDJHV HQ XWLOLVDQW GDQV OD SOXSDUW
GHV FDV OHV JUDGLQV ➀ HW ➂
&RQVXOWH] OH JXLGH GHV FXLVVRQV
&XLVVRQV JURXSpHV GH SUpSDUDWLRQV
GLIIpUHQWHV
9RXV SRXUUH] FXLUH WRXW XQ UHSDV HQ XQH VHXOH IRXUQpH
,O VXIILW GH VXLYUH FHV TXHOTXHV FRQVHLOV
&KRLVLVVH] GHV SUpSDUDWLRQV GRQW OD WHPSpUDWXUH
GH FXLVVRQ HVW YRLVLQH
/H WHPSV JOREDO GH FXLVVRQ GpSHQG GH OD FXLVVRQ
OD SOXV ORQJXH
/·HQIRXUQHPHQW HW OD VRUWLH GHV GLIIpUHQWV SODWV QH
V·HIIHFWXHQW SDV IRUFpPHQW DX PrPH PRPHQW LOV
VRQW GpWHUPLQpV SDU OH WHPSV GH FXLVVRQ SURSUH j
FKDTXH SODW RX SDU O·RUGUH GH VHUYLFH
9HLOOH] j QH SDV RXYULU OH IRXU DORUV TX·XQH DXWUH
SUpSDUDWLRQ SRXUUDLW HQ rWUH JrQpH GpEXW GH
FXLVVRQ G·XQ JkWHDX RX G·XQ VRXIIOp SDU H[HPSOH
3HQVH] TXH FHUWDLQHV SUpSDUDWLRQV OqYHQW HQ
FXLVDQW DVVXUH]YRXV TXH O·LQWHUYDOOH HQWUH OHV
QLYHDX[ VRLW VXIILVDQW
/HV YLDQGHV HW OHV YRODLOOHV VHURQW SODFpHV GH
SUpIpUHQFH DX JUDGLQ ➀ GH PDQLqUH j pYLWHU OHV
SURMHFWLRQV VXU OHV DXWUHV SODWV
&216(,/6 '·87,/,6$7,21
&KRL[ GHV UpFLSLHQWV
&RQVHLOV SUDWLTXHV
/·pSDLVVHXU OD FRQGXFWLELOLWp HW OD FRXOHXU GHV
UpFLSLHQWV LQIOXHQFHQW OHV UpVXOWDWV FXOLQDLUHV
3HQGDQW OD FXLVVRQ FHUWDLQHV SUpSDUDWLRQV
DXJPHQWHQW GH YROXPH SDU FRQVpTXHQW
FKRLVLVVH] YRV UpFLSLHQWV GH PDQLqUH j FH TXH OD
SUpSDUDWLRQ FUXH ODLVVH OH WLHUV VXSpULHXU GX PRXOH
OLEUH
3RXU SUpYHQLU OHV pFODERXVVXUHV WURS DERQGDQWHV
XWLOLVH] SRXU OD FXLVVRQ GHV U{WLV HW GHV YRODLOOHV
GHV SODWV j ERUGV KDXWV RX GHV FRFRWWHV HQ YHUUH
j IHX PXQLHV GH OHXU FRXYHUFOH GRQW OHV
GLPHQVLRQV VRQW SURSRUWLRQQpHV j OD SLqFH j U{WLU
1H SODFH] MDPDLV OH SDSLHU G·DOXPLQLXP
GLUHFWHPHQW HQ FRQWDFW DYHF OH EDV GH YRWUH
IRXU FHFL HQWUDvQHUDLW XQH GpWpULRUDWLRQ GH
O·pPDLO
3RXU SUpVHUYHU OD SURSUHWp GH YRWUH IRXU XQH IHXLOOH
G·DOXPLQLXP LQWHUFDOpH HQWUH OH SODW HW OD JULOOH
VXSSRUW SURWpJHUD OD VROH HQ FDV GH GpERUGHPHQW
$ILQ GH SHUPHWWUH XQH ERQQH FLUFXODWLRQ G·DLU
FHWWH IHXLOOH QH GRLW SDV FRXYULU OD WRWDOLWp GH OD
VXUIDFH GH OD JULOOH
3LTXH] OD SHDX GHV YRODLOOHV RX VDXFLVVHV j O·DLGH
G·XQH IRXUFKHWWH DYDQW FXLVVRQ 9RXV pYLWHUH] TXH
OD SHDX QH JRQIOH HW Q·pFODWH VRXV O·HIIHW GH OD
FKDOHXU
/DLVVH] OH PRLQV GH EDUGH SRVVLEOH DXWRXU GH YRV
U{WLV SRXU UpGXLUH OHV SURMHFWLRQV HW REWHQLU XQ PHWV
PRLQV ULFKH HQ JUDLVVH
3RXU OHV FXLVVRQV GH YLDQGHV HW OHV FXLVVRQV VXU
GHX[ QLYHDX[ TXL QpFHVVLWHQW XQ SUpFKDXIIDJH
Q·XWLOLVH] SDV YRWUH SURJUDPPDWHXU HQ GpSDUW
GLIIpUp
3RXU TXH YRV YLDQGHV VRLHQW PRHOOHXVHV
UHWRXUQH]OHV j PLFXLVVRQ HW DMRXWH] XQ SHX
G·HDX FKDXGH GDQV OH SODW YRXV REWLHQGUH] DLQVL
XQH VDXFH VDYRXUHXVH HW YRXV UpGXLUH] OHV
SURMHFWLRQV VXU OHV SDURLV GH YRWUH IRXU
1H GpSDVVH] SDV OHV UHSqUHV GH WKHUPRVWDW
SUpFRQLVpV GDQV OH JXLGH GH FXLVVRQV GHV YLDQGHV
,QIOXHQFH GHV UpFLSLHQWV VXU OHV UpVXOWDWV
GH FXLVVRQ
6DFKH] TXH $
%
/·DOXPLQLXP OHV SODWV HQ WHUUH FXLWH OD WHUUH j
IHX GLPLQXHQW OD FRORUDWLRQ GHVVRXV HW
SUpVHUYHQW O·KXPLGLWp GHV DOLPHQWV 1RXV YRXV
OHV FRQVHLOORQV SRXU OHV SkWLVVHULHV
PRHOOHXVHV OD FXLVVRQ GHV JUDWLQV GHV U{WLV
/D IRQWH pPDLOOpH OH IHU pWDPp OH YHUUH HW OD
SRUFHODLQH j IHX OHV UpFLSLHQWV DYHF LQWpULHXU
DQWLDGKpVLI HW H[WpULHXU FRORUp DXJPHQWHQW
OD FRORUDWLRQ GHVVRXV HW IDYRULVHQW OH
GHVVqFKHPHQW GHV DOLPHQWV 1RXV YRXV OHV
FRQVHLOORQV SRXU OHV WDUWHV OHV TXLFKHV HW
WRXWHV FXLVVRQV FURXVWLOODQWHV TXL GRLYHQW rWUH
DXVVL GRUpHV GHVVRXV TXH GHVVXV
9RXV FRQVWDWH]
'HVVRXV WURS SkOH
4XH IDLUH "
3UHQH] XQ PRXOH GX W\SH
3RXU UpDOLVHU GHV pFRQRPLHV G·pQHUJLH
%
SDV DVVH] FXLW
RX
RX GHVVXV WURS IRQFp
GHVFHQGH] OH PRXOH G·XQ
QLYHDX
'HVVRXV WURS IRQFp
WURS FXLW
RX GHVVXV WURS FODLU
3UHQH] XQ PRXOH GX W\SH
RX
UHPRQWH] OH PRXOH G·XQ
QLYHDX
$
)DLWHV VH VXFFpGHU SOXVLHXUV FXLVVRQV YRXV
pFRQRPLVHUH]
O·pQHUJLH
QpFHVVDLUH
DX
SUpFKDXIIDJH GX IRXU HW TXDQG FHOD HVW SRVVLEOH
Q·KpVLWH] SDV j IDLUH FXLUH HQ PrPH WHPSV JkWHDX[ FDNHV RX WDUWHV SDU H[HPSOH
*8,'(6 '(6 &8,66216
7DEOHDX GH FRUUHVSRQGDQFHV DSSUR[LPDWLYHV 5HSqUHV GX WKHUPRVWDW 7HPSpUDWXUHV
p&
p&
p&
p&
p&
p&
p&
p&
p&
p&
/H SUpFKDXIIDJH GX IRXU HVW QpFHVVDLUH SRXU O·XWLOLVDWLRQ GHV SRVLWLRQV VXLYDQWHV PRGH GH SUpFKDXIIDJH
GXUpH PLQXWHV HQYLURQ SRXU OH UHSqUH 3RXU OHV FXLVVRQV SRVLWLRQ
GXUpH PLQXWHV HQYLURQ SRXU OH UHSqUH 3RXU OHV FXLVVRQV SRVLWLRQ
PRGH GH SUpFKDXIIDJH
GXUpH PLQXWHV HQYLURQ SRXU OH UHSqUH 3RXU OHV FXLVVRQV SRVLWLRQ
PRGH GH SUpFKDXIIDJH
GXUpH PLQXWHV HQYLURQ SRXU OH UHSqUH GXUpH PLQXWHV HQYLURQ SRXU OH UHSqUH GpKDQFKHPHQW YHUV OH KDXW
GpKDQFKHPHQW YHUV OH EDV
3RVLWLRQV GH OD JULOOH VXSSRUW 1RPEUH
1LYHDX[ GH
GH
FXLVVRQ
QLYHDX[
JUDGLQV
5{WL GH ERHXI NJ
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
*LJRW G·DJQHDX
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
5{WL GH SRUF NJ
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
5{WL GH YHDX NJ
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
9RODLOOH NJ
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
3RLVVRQV HQWLHUV
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
3RLVVRQV ILOHWV
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
*UDWLQ GDXSKLQRLV
*ULOOH VXSSRUW SODW HQ YHUUH j IHX
7RPDWHV IDUFLHV
*ULOOH VXSSRUW SODW HQ YHUUH j IHX
/DVDJQHV
*ULOOH VXSSRUW SODW HQ YHUUH j IHX
3UpSDUDWLRQV
3Up
&XLV
FKDXI
VRQ
*ULOOH
VXSSRUW
7HPSV GH
7KHUPRVWDW
FXLVVRQ
$FFHVVRLUHV
PLQXWHV
9,$1'(6
32,66216
/(*80(6
(175((6
&URWHV IHXLOOHWpHV
6RXIIOp DX IURPDJH
3kWp HQ WHUULQH
3L]]D
3ODWHDX PXOWLXVDJHV DYHF SDSLHU
VXOIXULVp
3ODWHDX PXOWLXVDJHV DYHF SDSLHU
VXOIXULVp
*ULOOH VXSSRUW PRXOH j VRXIIOp
7HUULQH DX EDLQPDULH GDQV SODWHDX
*ULOOH VXSSRUW WRXUWLqUH
HW *ULOOHV VXSSRUW WRXUWLqUHV
*ULOOH VXSSRUW WRXUWLqUH
HW *ULOOHV VXSSRUW WRXUWLqUHV
PXOWLXVDJHV
4XLFKH ORUUDLQH
/·LPSRUWDQFH GX YROXPH GHV SUpSDUDWLRQV j FXLUH HW OD JUDQGH YDULpWp GHV PDWpULDX[ FRQVWLWXDQW OHV
UpFLSLHQWV GH FXLVVRQ HW OHV PRXOHV j SkWLVVHULH SHXYHQW YRXV DPHQHU j PRGLILHU OHV LQGLFDWLRQV GRQQpHV
GDQV OHV JXLGHV GH FXLVVRQ 6HXOH YRWUH H[SpULHQFH YRXV SHUPHWWUD GH WURXYHU OH UpJODJH FRQYHQDQW OH
PLHX[ j YRV KDELWXGHV FXOLQDLUHV
3UpSDUDWLRQV
3Up
&XLV
FKDXI
VRQ
1RPEUH
1LYHDX[ GH
GH
FXLVVRQ
QLYHDX[
JUDGLQV
*ULOOH
VXSSRUW
7HPSV GH
7KHUPRVWDW
FXLVVRQ
$FFHVVRLUHV
PLQXWHV
3$7,66(5,(6
%LVFXLW GH 6DYRLH
*ULOOH VXSSRUW PRXOH j PDQTXp
3ODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW HW PRXOH j EULRFKH
3ODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW
HW *ULOOHV VXSSRUW
*pQRLVH
*ULOOH VXSSRUW
.RXJORI
*ULOOH VXSSRUW PRXOH HQ WHUUH FXLWH
3ODWHDX PXOWLXVDJHV
3ODWHDX PXOWLXVDJHV
3ODWHDX PXOWLXVDJHV
3ODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW PRXOH j PDQTXp
%ULRFKH
&DNH DX[ UDLVLQV
0HULQJXHV
3kWH j FKRX[
4XDWUHTXDUWV
6DEOpV
7DUWH DX[ IUXLWV
SkWH EULVpH
7DUWH DX[ IUXLWV
SkWH OHYpH
3ODWHDX PXOWLXVDJHV DYHF SDSLHU
VXOIXULVp
3ODWHDX PXOWLXVDJHV DYHF SDSLHU
*ULOOH VXSSRUW WRXUWLqUH
HW *ULOOHV VXSSRUW WRXUWLqUHV
*ULOOH VXSSRUW WRXUWLqUH
HW *ULOOHV VXSSRUW WRXUWLqUHV
VXOIXULVp
*XLGH GHV FXLVVRQV DX WRXUQHEURFKH DX JULO DX PD[L JULO HW DX WXUER JULO
7RXWHV OHV FXLVVRQV DX JULO GRLYHQW rWUH IDLWHV SRUWH IHUPpH HW VRXV YRWUH VXUYHLOODQFH
*5,//$'(6
3RXOHW DX
PLQXWHV GH SUpFKDXIIDJH
&{WHV GH SRUF
&{WHV GH SRUF
WRXUQHEURFKH
6DXFLVVHV PHUJXH]
6DXFLVVHV PHUJXH]
3RLVVRQV
3RXOHW HQ
PRUFHDX[
3RXOHW HQ
PRUFHDX[
&{WH GH ERHXI
6XSSRUW EURFKH HW SODWHDX
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
SDU IDFH
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
*ULOOH VXSSRUW SODW HQ WHUUH j IHX
SDU
IDFH
SDU
IDFH
SDU
IDFH
PXOWLXVDJHV
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
*ULOOH VXSSRUW SODWHDX PXOWLXVDJHV
785%2 *5,/
*UDWLQ GH SRPPHV
GH WHUUH
*QRFFKL j OD
URPDLQH
(175(7,(1 (7 1(772<$*(
/D SRUWH GX IRXU HVW FKDXGH SHQGDQW OH
F\FOH GH QHWWR\DJH pORLJQH] OHV MHXQHV
HQIDQWV
(QWUHWLHQ GH OD VROH SDUWLH LQIpULHXUH
(QWUHWLHQ UpJXOLHU
5HFRXYHUWH G·pPDLO OLVVH HOOH GRLW rWUH QHWWR\pH DYDQW
OHV RSpUDWLRQV FLGHVVRXV SRXU pYLWHU GH UHFXLUH OHV
VDOLVVXUHV
/DYH] OD VROH DYHF XQH pSRQJH HW XQ GpWHUJHQW SRXU
UHWLUHU OHV SURMHFWLRQV JUDVVHV 8QH pSRQJH
OpJqUHPHQW DEUDVLYH SHXW rWUH XWLOLVpH
(QWUHWLHQ SpULRGLTXH
8WLOLVH] GHV SURGXLWV VSpFLDX[ GX FRPPHUFH
/H SURGXLW GpFDSDQW
XQLTXHPHQW VXU OD VROH
GRLW
rWUH
YDSRULVp
1RXV YRXV UHFRPPDQGRQV G·XWLOLVHU OH ´NLW SRUWH
IURLGHµ HQ FDV GH SUpVHQFH pYHQWXHOOH GH MHXQHV
HQIDQWV
5pIpUHQFHV GX NLW DX FKDSLWUH
´6SpFLILFDWLRQV WHFKQLTXHVµ 1HWWR\DJH GX IRXU j pPDLO FDWDO\WLTXH
3ULQFLSH
(QWUHWLHQ SpULRGLTXH
/HV SDURLV ODWpUDOHV HW OH IRQG GX IRXU VRQW UHFRXYHUWV
G·XQ pPDLO VSpFLDO SRUHX[ 9RXV OH UHFRQQDvWUH] SDU
VRQ DVSHFW PDW HW UXJXHX[ DX WRXFKHU ,O DEVRUEH HW
GpWUXLW OHV SURMHFWLRQV JUDVVHV VRXV O·DFWLRQ GH OD
FKDOHXU
$ILQ GH FDUERQLVHU OHV SURMHFWLRQV JUDLVVHXVHV DSUqV
SOXVLHXUV FXLVVRQV GH YLDQGH YRXV SRXYH] IDLUH
FKDXIIHU OH JULO VHXO HQ SODoDQW OH VpOHFWHXU GH IRQFWLRQV
HW OH WKHUPRVWDW VXU SHQGDQW PLQXWHV
VXU
&HSHQGDQW ORUV GH FXLVVRQV SURYRTXDQW EHDXFRXS GH
SURMHFWLRQV JUDVVHV YRODLOOHV JULOODGHV OD GXUpH GH
FXLVVRQ RX OD WHPSpUDWXUH QH VRQW SDV WRXMRXUV
VXIILVDQWHV SRXU pOLPLQHU WRXWHV OHV JUDLVVHV 9RXV
SRXYH] SURFpGHU FRPPH VXLW 5HWLUH] WRXV OHV DFFHVVRLUHV GX IRXU JULOOHV
WRXUQHEURFKH SODWHDX PXOWLXVDJHV 3ODFH] OH VpOHFWHXU GH IRQFWLRQV VXU OD SRVLWLRQ
1RXV YRXV UHFRPPDQGRQV GH QH MDPDLV
XWLOLVHU
GH
SURGXLWV
DEUDVLIV
GH
GpWHUJHQWV G·REMHWV WUDQFKDQWV WHOV TXH
FRXWHDX[ RX JUDWWRLUV TXL UHQGUDLHQW
O·pPDLO GpILQLWLYHPHQW LQHIILFDFH
3ODFH] OH WKHUPRVWDW VXU SXLV ODLVVH] FKDXIIHU
SHQGDQW PLQXWHV
(QVXLWH SODFH] OH VpOHFWHXU GH IRQFWLRQV VXU OD
SRVLWLRQ
SHQGDQW PLQXWHV
$ SDUWLU G·XQ IRXU IURLG FRPSWH] PLQXWHV GH
QHWWR\DJH
1HWWR\DJH GHV FRPPDQGHV HW GH OD
SRUWH GX IRXU
$SUqV FKDTXH XWLOLVDWLRQ SDVVH] XQH pSRQJH LPELEpH
G·HDX WLqGH HW GH GpWHUJHQW HQ pYLWDQW WRXW pFRXOHPHQW
GDQV OHV RULILFHV 5LQFH] HW VpFKH]
&HV RSpUDWLRQV SHXYHQW rWUH HIIHFWXpHV VRXV OH
FRQWU{OH GX SURJUDPPDWHXU
9RXV UpDOLVHUH] GHV pFRQRPLHV G·pQHUJLH VL
YRXV
HIIHFWXH]
FHV
RSpUDWLRQV
LPPpGLDWHPHQW j OD VXLWH G·XQH FXLVVRQ
YRWUH IRXU pWDQW GpMj FKDXG
1HWWR\DJH GHV DFFHVVRLUHV
/DYH]OHV j O·HDX VDYRQQHXVH HQ SUHQDQW ELHQ VRLQ GH
OHV ULQFHU HW GH OHV HVVX\HU
(1 &$6 '·$120$/,( '( )21&7,211(0(17
1RXV YRXV UHFRPPDQGRQV YLYHPHQW GH IDLUH OHV YpULILFDWLRQV VXLYDQWHV VXU YRWUH IRXU DYDQW G·DSSHOHU XQ WHFKQLFLHQ
GX 6HUYLFH $SUqV9HQWH ,O VH SHXW TXH OH SUREOqPH VRLW VLPSOH HW TXH YRXV SXLVVLH] OH UpVRXGUH YRXVPrPH
6L YRWUH IRXU SUpVHQWH XQH TXHOFRQTXH DQRPDOLH QRXV YRXV UHFRPPDQGRQV GH QH SDV O·XWLOLVHU
'pEUDQFKH] O·DSSDUHLO RX HQOHYH] OH IXVLEOH FRUUHVSRQGDQW j OD OLJQH GH EUDQFKHPHQW GX IRXU
&$86(6 3266,%/(6
$120$/,(6
/H IRXU QH IRQFWLRQQH SDV
48( )$,5( "
/·DSSDUHLO HVW GpEUDQFKp
5HEUDQFKH] O·DSSDUHLO
,O \ D XQH FRXSXUH G·pOHFWULFLWp
9pULILH] O·pWDW GH O·DOLPHQWDWLRQ GX
IRXU HW GH OD SULVH GH FRXUDQW
/H SURJUDPPDWHXU HVW HQ
SRVLWLRQ GH SURJUDPPDWLRQ
5HPHWWH] OH SURJUDPPDWHXU VXU
OD SRVLWLRQ $UUrW
/HV UpVXOWDWV GH FXLVVRQ QH VRQW
SDV VDWLVIDLVDQWV
/H WHPSV GH SUpFKDXIIDJH HVW
LQVXIILVDQW
&RQVXOWH]
FXLVVRQV
/H IRXU IXPH
/H
SURJUDPPDWHXU
µµ
OHV
JXLGHV
/D WHPSpUDWXUH GH SUpFKDXIIDJH
HVW WURS EDVVH RX WURS pOHYpH
/H QLYHDX GH OD JULOOH Q·HVW SDV
DGDSWp
/H UpFLSLHQW HVW PDO DGDSWp
/H
WKHUPRVWDW
SRVLWLRQQp
/H WHPSV GH FXLVVRQ Q·HVW SDV
DGDSWp
/D SRVLWLRQ GX VpOHFWHXU GH
IRQFWLRQV HVW LQFRUUHFWH
/H SODWHDX PXOWLXVDJHV RX
YRWUH SODW QH VRQW SDV FHQWUpV
GDQV OH IRXU
&HQWUH] OH SODWHDX PXOWLXVDJHV
RX YRWUH SODW GDQV OH IRXU
/H IRXU HVW VDOH
3URFpGH] DX QHWWR\DJH GH YRWUH
IRXU HQ ILQ GH FXLVVRQ YRLU
FKDSLWUH QHWWR\DJH
/D SUpSDUDWLRQ GpERUGH
8WLOLVH] XQ UpFLSLHQW SOXV JUDQG
/D SUpSDUDWLRQ YLDQGH SURMHWWH
pQRUPpPHQW
5pGXLVH] OD WHPSpUDWXUH GX
WKHUPRVWDW
/D SRVLWLRQ GX VpOHFWHXU GH
IRQFWLRQV HVW LQFRUUHFWH
&RQVXOWH] OH JXLGH GHV FXLVVRQV
,O \ D HX
G·pOHFWULFLWp
3URFpGH] j OD UHPLVH j O·KHXUH
DIILFKH
HVW
XQH
PDO
FRXSXUH
6L DSUqV DYRLU YpULILp FHV GLIIpUHQWV SRLQWV O·DQRPDOLH SHUVLVWH FRQWDFWH] DORUV OH 6HUYLFH $SUqV9HQWH
GHV
&21',7,216 '( *$5$17,(
*DUDQWLH FRQWUDFWXHOOH
3HQGDQW DQ j FRPSWHU GH OD PLVH HQ VHUYLFH OH FRQVWUXFWHXU UHPSODFHUD OHV SLqFHV GpIHFWXHXVHV VDXI GDQV OHV
FDV SUpYXV DX FKDSLWUH µ5pVHUYHVµ
&RQGLWLRQV G·DSSOLFDWLRQ
3RXU XQH DSSOLFDWLRQ GH FHWWH JDUDQWLH YRXV GHYH] YRXV DGUHVVHU DX GLVWULEXWHXU TXL YRXV D YHQGX O·DSSDUHLO HW OXL
SUpVHQWHU OH &HUWLILFDW GH *DUDQWLH (Q FRPSOpPHQW OH 'LVWULEXWHXU 9HQGHXU SRXUUD RX QRQ SUHQGUH j VD FKDUJH OHV
IUDLV GH PDLQ G·±XYUH DLQVL TXH OHV IUDLV GH GpSODFHPHQW HW GH WUDQVSRUW VHORQ OHV FRQGLWLRQV GH YHQWH TX·LO SUDWLTXH
5pVHUYHV
1RXV DWWLURQV YRWUH DWWHQWLRQ VXU OH IDLW TXH FHWWH JDUDQWLH QH SRXUUD rWUH DSSOLTXpH
6L OHV GpWpULRUDWLRQV SURYLHQQHQW G·XQH FDXVH pWUDQJqUH j O·DSSDUHLO FKRFV YDULDWLRQV DQRUPDOHV GH OD WHQVLRQ
pOHFWULTXH HWF RX GX QRQUHVSHFW GHV FRQGLWLRQV G·LQVWDOODWLRQ RX G·XWLOLVDWLRQ LQGLTXpHV GDQV OD QRWLFH
G·XWLOLVDWLRQ IDXVVH PDQRHXYUH QpJOLJHQFH LQVWDOODWLRQ GpIHFWXHXVH RX QRQ FRQIRUPH DX[ UqJOHV HW
SUHVFULSWLRQV LPSRVpHV SDU OHV RUJDQLVPHV GH GLVWULEXWLRQ GH O·(OHFWULFLWp GH O·(DX GX *D] HWF
6L O·XWLOLVDWHXU D DSSRUWp XQH PRGLILFDWLRQ VXU OH PDWpULHO RX HQOHYp OHV PDUTXHV RX QXPpURV GH VpULH
6L XQH UpSDUDWLRQ D pWp HIIHFWXpH SDU XQH SHUVRQQH QRQ DJUppH SDU OH FRQVWUXFWHXU RX OH YHQGHXU
6L O·DSSDUHLO D pWp XWLOLVp j GHV ILQV FRPPHUFLDOHV RX LQGXVWULHOOHV RX SRXU G·DXWUHV EXWV TXH GHV EXWV PpQDJHUV
SRXU OHVTXHOV LO D pWp FRQoX
6L O·DSSDUHLO D pWp DFKHWp RX UpSDUp KRUV GX WHUULWRLUH IUDQoDLV
*DUDQWLH OpJDOH
/HV GLVSRVLWLRQV GH OD JDUDQWLH FRQWUDFWXHOOH QH VRQW SDV H[FOXVLYHV GX EpQpILFH DX SURILW GH O·DFKHWHXU GH OD JDUDQWLH
OpJDOH SRXU GpIDXWV HW YLFHV FDFKpV OD GLWH JDUDQWLH V·DSSOLTXDQW HQ WRXW pWDW GH FDXVH GDQV OHV FRQGLWLRQV GHV DUWLFOHV
HW VXLYDQWV GX &RGH &LYLO
6(59,&( $35(69(17(
(Q FDV G·DQRPDOLH GH IRQFWLRQQHPHQW UHSRUWH]YRXV j OD UXEULTXH ´(1 &$6 '·$120$/,( '( )21&7,211(0(17µ
6L PDOJUp WRXWHV OHV YpULILFDWLRQV XQH LQWHUYHQWLRQ V·DYqUH QpFHVVDLUH OH YHQGHXU GH YRWUH DSSDUHLO HVW OH SUHPLHU KDELOLWp
j LQWHUYHQLU $ GpIDXW GpPpQDJHPHQW GH YRWUH SDUW IHUPHWXUH GX PDJDVLQ R YRXV DYH] HIIHFWXp O·DFKDW YHXLOOH]
FRQVXOWHU O·$VVLVWDQFH 7HFKQLTXH &RQVRPPDWHXUV TXL YRXV FRPPXQLTXHUD DORUV O·DGUHVVH G·XQ 6HUYLFH $SUqV9HQWH
(Q FDV G·LQWHUYHQWLRQ VXU YRWUH DSSDUHLO H[LJH] GX 6HUYLFH $SUqV9HQWH OHV 3LqFHV GH 5HFKDQJH FHUWLILpHV &RQVWUXFWHXU
(Q DSSHODQW XQ 6HUYLFH $SUqV9HQWH LQGLTXH]OXL OD UpIpUHQFH FRPPHUFLDOH HW OH QXPpUR GH VpULH GH YRWUH DSSDUHLO
&HV LQGLFDWLRQV ILJXUHQW VXU OD SODTXH VLJQDOpWLTXH GH YRWUH DSSDUHLO
/D SODTXH VLJQDOpWLTXH
$9$17 /·,167$//$7,21 UHSRUWH] OHV LQIRUPDWLRQV
GH OD SODTXH VLJQDOpWLTXH VXU OH VFKpPD FLGHVVRXV
/D SODTXH HVW YLVLEOH VXU OH F{Wp GURLW GX IRXU
&HV LQIRUPDWLRQV YRXV VHURQW QpFHVVDLUHV HQ FDV
GH SDQQH HW SRXU OD FRPPDQGH GH SLqFHV DX
6HUYLFH $SUqV9HQWH UpIpUHQFH FRPPHUFLDOH
QXPpUR GH SURGXLW HW QXPpUR GH VpULH 3ODTXH
VLJQDOpWLTXH
,167$//$7,21
6SpFLILFDWLRQV WHFKQLTXHV
7\SH GX IRXU 9RLU SODTXH VLJQDOpWLTXH
5DFFRUGHPHQW pOHFWULTXH 9 +]
)XVLEOH GH SURWHFWLRQ SRXU OH IRXU $PSqUHV
/H IRXU
)RXU (OHFWULTXH
3XLVVDQFH pOHFWULTXH PD[LPXP :
3XLVVDQFH GX IRXU :
*ULO (OHFWULTXH
3XLVVDQFH HQ SRVLWLRQ PD[L JULO :
(FODLUDJH GH IRXU :
3XLVVDQFH GX PRWHXU :
1HWWR\DJH GX IRXU &DWDO\WLTXH
'LPHQVLRQV G·HQFDVWUHPHQW GX IRXU
+DXWHXU PP
/DUJHXU PP
3URIRQGHXU PP
3RLGV QHW NJ
9ROXPH XWLOH O
2SWLRQ GLVSRQLEOH DXSUqV GH YRWUH UHYHQGHXU
.LW SRUWH IURLGH 5pIpUHQFH .3)((2:
.3)((21
/H PDUTXDJH
Q YHUVLRQ EODQFKH
Q YHUVLRQ QRLUH
FRUUHVSRQG j O·DSSOLFDWLRQ GHV GLUHFWLYHV FRPSDWLELOLWp pOHFWURPDJQpWLTXH PDUTXDJH
HW EDVVH WHQVLRQ 0LVH HQ SODFH GH O·DSSDUHLO
/HV VFKpPDV FLFRQWUH GpWHUPLQHQW OHV FRWHV G·XQ
PHXEOH TXL SHUPHWWUD GH UHFHYRLU YRWUH IRXU
3UpFDXWLRQV G·HQFDVWUHPHQW (Q FH TXL FRQFHUQH OD SURWHFWLRQ FRQWUH OD VXUFKDXIIH
GHV ]RQHV HQYLURQQDQWHV FHW DSSDUHLO HVW GH W\SH <
/H PHXEOH G·HQFDVWUHPHQW SHXW rWUH LQVWDOOp GH OD
PDQLqUH VXLYDQWH
OD SDURL DUULqUH HW XQ F{Wp DGMDFHQW SHXYHQW rWUH
SOXV KDXWV TXH OH PHXEOH G·HQFDVWUHPHQW
GH O·DXWUH F{Wp OH PHXEOH pYHQWXHO QH GRLW SDV
DYRLU XQH KDXWHXU VXSpULHXUH DX PHXEOH
G·HQFDVWUHPHQW GX IRXU
3DURL DUULqUH
0HXEOH 0HXEOH
pYHQWXHO G·HQFDVWUH
PHQW GH
O·DSSDUHLO
7\SH <
3DURL
DGMDFHQWH
9XH GH
GHVVXV
)LJ $
/D VpFXULWp pOHFWULTXH GRLW rWUH DVVXUpH SDU XQ
HQFDVWUHPHQW FRUUHFW /RUV GH O·HQFDVWUHPHQW HW GHV
RSpUDWLRQV G·HQWUHWLHQ O·DSSDUHLO GRLW rWUH GpEUDQFKp
GX UpVHDX pOHFWULTXH OHV IXVLEOHV GRLYHQW rWUH FRXSpV
RX UHWLUpV
/H
IRXU GRLW rWUH LQVWDOOp GDQV XQ PHXEOH
G·HQFDVWUHPHQW ILJ $ RX % TXL GRLW rWUH PRQWp HW IL[p
GH PDQLqUH VWDEOH /D IL[DWLRQ GX IRXU VXU OH PHXEOH VH
IDLW DX PR\HQ GHV GHX[ YLV GH IL[DWLRQ VLWXpHV
ODWpUDOHPHQW &HV YLV VH WURXYHQW GDQV XQH SRFKHWWH
VLWXpH GDQV OH IRXU
$ILQ G·pYLWHU OHV pFKDXIIHPHQWV DQRUPDX[ XQ HVSDFH
GH PP PLQLPXP GRLW VpSDUHU OH FDGUH GX IRXU HW OHV
SDQQHDX[ DGMDFHQWV SRUWHV GH PHXEOHV HWF /HV
SDURLV DGMDFHQWHV RX OH UHYrWHPHQW GH FHOOHVFL DLQVL
TXH OD FROOH GRLYHQW UpVLVWHU j XQH WHPSpUDWXUH DX
PRLQV pJDOH j &
,167$//$7,21 (1 &2/211(
)LJ %
,167$//$7,21 6286 3/$1 '( 75$9$,/
5DFFRUGHPHQW pOHFWULTXH
/H UDFFRUGHPHQW DX UpVHDX pOHFWULTXH GRLW
rWUH H[FOXVLYHPHQW UpDOLVp SDU GHV
VSpFLDOLVWHV 5HOLH] YRWUH IRXU j OD WHUUH
FRQIRUPpPHQW DX[ SUHVFULSWLRQV GH OD
QRUPH 1)& HW DX[ UqJOHPHQWV HQ
YLJXHXU
7HUUH ILO MDXQH HW YHUW 1HXWUH ILO EOHX
3KDVH ILO PDUURQ 9RWUH IRXU HVW pTXLSp G·XQ FkEOH GH UDFFRUGHPHQW
VRXSOH UpVLVWDQW j OD FKDOHXU
&DSDFLWp GX IXVLEOH DPSqUHV
'DQV OH FDV G·XQH LQVWDOODWLRQ IL[H OH UDFFRUGHPHQW DX
UpVHDX GRLW rWUH HIIHFWXp SDU O·LQWHUPpGLDLUH G·XQ
LQWHUUXSWHXU j FRXSXUH RPQLSRODLUH D\DQW XQH
GLVWDQFH G·RXYHUWXUH GHV FRQWDFWV G·DX PRLQV PP
$YDQW GH SURFpGHU DX EUDQFKHPHQW YpULILH] TXH
OHV OLJQHV G·DOLPHQWDWLRQ VRQW HQ ERQ pWDW
OHV IXVLEOHV DLQVL TXH O·LQVWDOODWLRQ pOHFWULTXH
GRPHVWLTXH VRQW HQ PHVXUH GH VXSSRUWHU OD
FKDUJH GH O·DSSDUHLO YRLU OD SODTXH VLJQDOpWLTXH
OD SULVH RX OH GLVMRQFWHXU RPQLSRODLUH XWLOLVp SRXU OH
EUDQFKHPHQW HVW DFFHVVLEOH TXDQG O·DSSDUHLO HVW
LQVWDOOp
&kEOH GH UDFFRUGHPHQW
(Q FDV GH UHPSODFHPHQW GX FkEOH LO QH GRLW rWUH
HIIHFWXp TXH SDU XQ SURIHVVLRQQHO TXDOLILp 8WLOLVH] XQ
FkEOH GH W\SH +99) G·XQH VHFWLRQ PLQLPXP GH [ PP
/H FkEOH GRLW rWUH UDFFRUGp FRQIRUPpPHQW DX[
SUHVFULSWLRQV HW OHV YLV GH VHUUDJH GRLYHQW rWUH
VROLGHPHQW IL[pHV /H FRQGXFWHXU GH SURWHFWLRQ ILO GH
7HUUH GRLW rWUH SOXV ORQJ TXH OHV ILOV G·DPHQpH GX
FRXUDQW (QILQ OH FkEOH GH UDFFRUGHPHQW DX UpVHDX
GRLW rWUH PDLQWHQX VROLGHPHQW SDU O·DUUrW GH WUDFWLRQ GX
IRXU
4XHO TXH VRLW OH PRGH GH UDFFRUGHPHQW O·DSSDUHLO GRLW
rWUH UHOLp j OD WHUUH FRQIRUPpPHQW DX[ UqJOHPHQWV HQ
YLJXHXU
5(03/$&(0(17 '( /·$0328/( '·(&/$,5$*(
$YDQW GH SURFpGHU DX FKDQJHPHQW GH
O·DPSRXOH GX IRXU YHLOOH] j FH TXH OHV
FRPPDQGHV VRLHQW VXU OD SRVLWLRQ $UUrW
SXLV VpOHFWHXU GH
WKHUPRVWDW VXU
IRQFWLRQV VXU 'pEUDQFKH]
O·DOLPHQWDWLRQ
pOHFWULTXH
GH
O·DSSDUHLO $VVXUH]YRXV DXVVL TXH O·LQWpULHXU GX
IRXU VRLW IURLG
&HWWH DPSRXOH GH : GX W\SH FXORW j YLV (
9 HVW XQH DPSRXOH VSpFLDOH ´FKDOHXUµ
UpVLVWDQW j XQH WHPSpUDWXUH GH & (OOH HVW
GLVSRQLEOH DXSUqV GX 6HUYLFH $SUqV9HQWH GH YRWUH
UHYHQGHXU
/·DPSRXOH HVW VLWXpH DX IRQG GX IRXU HW DFFHVVLEOH SDU
O·LQWpULHXU
3RXU DYRLU DFFqV 'pYLVVH] OH FDSXFKRQ HQ YHUUH SURWpJHDQW
O·DPSRXOH GDQV OH VHQV LQYHUVH GHV DLJXLOOHV G·XQH
PRQWUH
'pYLVVH] O·DPSRXOH
5HPSODFH] O·DPSRXOH
5HVVHUUH] ELHQ OH FDSXFKRQ HQ YHUUH
En cas de dysfonctionnement, le vendeur de votre appareil est
le premier habilité à intervenir.
A défaut (déménagement de votre part, fermeture du magasin
où vous avez effectué l’achat...), veuillez consulter :
- L’Assistance Technique Consommateurs
pour toute questions techniques.
ou
- Le Service Conseil Consommateurs
pour toutes questions ou informations concernant
l’utilisation de votre appareil ou pour toutes autres
questions commerciales.
Vous trouverez ci-dessous les coordonnées de ces deux services.
En cas d’intervention sur votre appareil, exigez du Service
Après Vente les Pièces de Rechange certifiées Constructeur.
En appelant un Service Après Vente, indiquez-lui toutes les
références et numéros (PNC, N° de série, ...).
Ces indications figurent sur la plaque signalétique.
Questions techniques
Assistance Technique Consommateurs
Faure
BP 20139 – 60307 SENLIS Cedex
Tél. : 03 44 62 27 75
e-mail : faure.frs@notes.electrolux.fr
permanence tél. du lundi au vendredi de 8h30 à 12h30 et de 13h30 à 18h00.
Choisir un nouvel appareil et/ou conseils
d’utilisation
Service Conseil Consommateurs
Faure
BP 50142 – 60307 SENLIS Cedex
Tél. : 03 44 62 28 28 Fax : 03 44 62 21 54
e-mail : faure-scc.fau@notes.electrolux.fr
Permanence téléphonique du lundi au vendredi de 8 h 30 à 18 h 00.
">
/
Descargar
Solo un recordatorio amistoso. Puedes ver el documento aquí mismo. Pero lo más importante es que nuestra IA ya lo ha leído. Puede explicar cosas complejas en términos sencillos, responder a tus preguntas en cualquier idioma y ayudarte a navegar rápidamente incluso por los documentos más largos o complicados.
Enlace público actualizado
Se ha actualizado el enlace público a tu chat. Puedes ver y gestionar tus enlaces de chat después del registro aquí.