investor presentation 15 16
TRANSCRIPT
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FGHGH NIMGMJA LIEIRAB
W7 NY7> Prasamtgticm
66mb Huly 6071
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PVAZAMRGRICM PGRD
6
Fghgh krcup strujtura :
Fghgh Nimsarv krcup - Axajutiva sueegry 2
[dgt bc wa stgmb ncr 1
Fghgh Nimgmja
Zdgradclbar prcnila >
Nimgmjigl smgpsdct ;
Fghgh Nimgmja Lieitab prcbujt suita 4
Fusimass/ Prcbujt lgumjd hcurmay 9
Axajutiva sueegry 70
Justcear nrgmjdisa 76
Oay pcrtnclic eatrijs 7:
Ztrcmk bistrifuticm ragjd 72
Oay parncregmja dikdlikdts ncr tda qugrtar 71
Zueegry nimgmjigl stgtaeamt W7 NY7> 7>
Egmgkaeamt bisjussicm 7;
Nimgmjigl parncregmja trambs W7 NY7> 66
Jrabit Wuglity Pcrtnclic jcepcsiticm 61
Bisjlgiear 64
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FGHGH KVCQP ZRVQJRQVA
:Gfcva sdgradclbimk i s gs cn :0 Huma 6071*[.a.n Mcv 6072 . Fghgh Dcusimk Nimgmja Liei tab dgs g 700% sufsibigry mgeab Fghgh Nimgmjigl Zajurit ias Liei tab wdijd bcas mct dgva gmy cpargticms
Fghgh Dclbimks gmb Imvasteamt Lieitab
(Listab)
Fghgh Gutc Lieitab
(Listab)
Fghgh Nimsarv Lieitab
(Listab)
Fghgh Nimgmja Lieitab
(Listab)
*Fghgh Dcusimk NimgmjaLieitab
Fghgh Glligmz lina ImsurgmjaJcepgmy Lieitab
Fghgh Glligmz KamarglImsurgmja Jcepgmy Lieitab
7. 29.62% dclbimk tdrcukd prcectar dclbimk jcepgmy & prcectar krcup
6. 14.:1% dclbimk tdrcukd prcectar dclbimk jcepgmy & prcectar krcup
:. 1;.>0% dclbimk tdrcukd prcectar dclbimk jcepgmy & prcectar krcup
Gutc Fusimass Gre Nimgmjigl Zarvijas Gre
:7.29% :9.7>%
1;.1:% ;2%
700%
Lambimk Prctajticm gmb Vatirgl
7 6
:
;2%
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FGHGH NIMZAV KVCQP - ATAJQRI^A ZQEEGVY
2
6mb lgrkast privgta Kamargl imsurar imImbig gs cn NY71
Cnnars g wiba rgmka cn Kamarglimsurgmja prcbujts gjrcss ratgil gmbjcrpcrgta sakeamts
Cma cn tda ecst prcnitgfla Kamarglimsurgmja jcepgmias im Imbig. VCAcn64.9% im NY71
Imbustry lagbimk jcefimab rgtics(9>.;% im NY71)
Vajckmizab im tda egroat ncr jlgiessarvijimk
Gecmkst tcp 2 privgta plgyars gs cnNY71 cm maw fusimass
Bivarsiniab bistrifuticm eix jcmsistimk
cn gkamjy, fgmjgssurgmja, ctdarpgrtmars, birajt atj.
GQE cn cvar 2:O jrcras gs cn NY 71
Cma cn tda ecst prcnitgfla privgta linaimsurars im Imbig.
760O + imbivibugl gkamts gmb ;10cnnijas gjrcss Imbig (NY71)
G 64 yagr clb mcm fgmo nimgmjajcepgmy
Bivarsiniab jcmsuear, ZEA&jceearjigl lambar im Imbig
Jrabit rgtimk cn GG+ wit d stgflacut lcco fy JVIZIL & IJVG ncr cvar ;yagrs
7>7 jcmsuear frgmjd gmb 6:6 rurgllcjgticm prasamja witd cvar 7:,000+bistrifuticm nrgmjdisa
Lgrka justcear nrgmjdisa cn 76.7 EE
2.96 EE
Fghgh Nimsarv is tda nimgmjigl sarvijasgre cn tda Fghgh krcup wi td fusimass
gmbtdrcukd its vgricus sufsibigrias
Fghgh Glligmz KamarglImsurgmja Jcepgmy
Fghgh Glligmz LinaImsurgmja Jcepgmy
Fghgh Nimgmja Lieitab
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[DGR BC [A ZRGMB NCV
1
amvisgkas gm cptiegl eix cn riso gmb prcnit tc
balivar g sustgimgfla fusimass ecbal
g sustgimgfla
VCG cn : & VCA cn 74-60 im tda eabiue tare
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FGHGH NIMGMJA ZDGVADCLBAV PVCNILA
>
Rcp 60 imvastcrs & tdair dclbimks
Prcectar & Prcectar Krcup1;.>0%
74.72%
Vasibamt Imb.70.2:%
Jcrpcrgtas>.17%
1.;1%
Ctdars
7.1;%
Prcectar & Prcectar Krcup1;.>0%
74.72%
Vasibamt Imb.70.2:%
Jcrpcrgtas>.17%
1.;1%
Zr.Mc
Mgea cn ZdgradclbarGs cmEgr'71
Gs cmHuma'71
7 FGHGHNIMZAV LRB >7.1:% 1;.1:%6 EGDGVGZDRVG ZJCCRAVZ LIEIRAB :.;4% :.12%
: KC AVMEAMR CN ZIMKGPCVA - 6.;;%
2 GJGJIG PGVRMAVZ LP 7.67% 7.7:%
1PIMAFVIBKAIM AZREAMRZ KN EGQVIRIQZLIEIRAB
7.70% 7.70%
> DBNJEIB JGP CPPCVRQMIRIAZ NQMB 7.6>% 7.0>%
; EGJWQGVIAFGMO LIEIRAB 0.9:% 0.4;%
4 ZEGLLJGP [CVLB NQMB IMJ - 0.41%
9 KCLBEGM ZGJDZ IMBIG NQMB LIEIRAB 0.>1% 0.;1%
70 GJGJIG IMZRIRQRICMGL PGVRMAVZ LP 0.;;% 0.;6%
77 FNL AEPLCYAA[ALNGVARVQZR 0.:0% 0.>:%
76 GJGJIG JCMZAV GRICM NQMB LP 0.>2% 0.>0%
7: [N GZIGM ZEGLLAV JCEPGMIAZ NQMB LIEIRAB 0.>6% 0.14%
72 [N IMBIG VAJCMMGIZZGMJANQMB LIEIRAB 0.12% 0.17%
71DBNJZRGMBGVB LINAIMZQVGMJAJCEPGMYLIEIRAB
0.27% 0.10%
7> GJGJIG FGMYGM PGVRMAVZ 0.17% 0.24%
7; GTIZ EQRQGL NQMB 0.21% 0.2;%
74 ZQMBGVGE ZALAJR EIBJGP 0.12% 0.21%
79 PGV AZR AWQIRY IMBIG 0.:9% 0.:9%
60 ZFI EGKMQE RGTKGIM ZJDAEA 0.24% 0.:;%
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NIMGMJIGL ZMGPZDCR
;
YcY
Gssats umbar egmgkaeamt 6,1:9 2,0:6 ;,1;: 7:,70; 7;,17; 62,0>7 :6,270 :1% :7%
Rctgl imtarast & naa imjcea 199 97> 7,20> 6,7;6 :,770 2,0;: 1,274 ::% 22%
Imtarast axpamsas 7>2 607 :;7 ;2> 7,60> 7,1;: 6,624 2:% 11%
Mat imt arast imjcea (MII) 2:1 ;71 7,0:1 7,26> 7,902 6,100 :,7;0 6;% :9%
Cpargtimk axpamsas 660 :60 2>0 >;0 410 7,717 7,264 62% :;%
Lcgm lcssas & prcvisicm 7>2 6>7 601 712 746 614 :41 29% 71%
Prcnit fancra tgx 17 7:2 :;0 >06 4;6 7,097 7,:1; 62% ;:%
Prcnit gntar tgx :2 49 62; 20> 197 ;79 494 61% ;:%
Vgtics NY09 NY70 NY77 NY76 NY7: NY72 NY71
Vaturm cm gssats 7.2% 6.4% 2.2% 2.6% 2.7% :.>% :.:%
Vaturm cm aquity :.6% 4.0% 79.;% 62.0% 67.9% 79.1% 60.2%
Agrmimk par sdgra (Fgsij) - 9.: 62.6 >;.1 770.4 7:1.; 722.4 7;9.9
Mat MPG 1.10% 6.60% 0.40% 0.76% 0.79% 0.64% 0.21%
MPG prcvisicmimk jcvargka :6% 11% ;9% 49% 4:% ;>% ;7%
` im Jrcra
Nimgmjigls smgpsdct NY09 NY70 NY77 NY76 NY7: NY72 NY71 JGKV
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FGHGH NIMGMJA LIEIRAB PVCBQJR ZQIRA
4Pgusab
Gvgilgfla tdrcukd Bikit gl jdgmmals gs wall
Fghgh NimgmjaLieitab
JcmsuearLambimk
ZegllFusimassLambimk
JceearjiglLambimk
VurglLambimk
ValgticmsdipsBistrifuticm
Zarvijas
JVIZIL Vgtimk
Jc-Frgmbab
Jrabit Jgrbs
Prcparty ZagrjdZarvijas
JcmsuearNimgmjigl NitmassVapcrt
ZEANimgmjiglNitmass
Vapcrt
ImnrgstrujturaNimgmjimk *
Gutc Jcepcmamtambcr Nimgmjimk
Lgrka ^glua LagsaVamtgl Bisjcumtimk
Prcectar LcgmsGkgimst Zajurit ias
Lcgm Jrcss Zall
Rare Bapcsits
Lina ImsurgmjaBistrifuticm
Kamargl ImsurgmjaBistrifuticm
Lcgms GkgimstPrcparty
Lagsa VamtglBisjcumtimk
Fusimass Lcgms
Dcea Lcgms ncrZaln Aeplcyab
Lcgms GkgimstZajuritias
Prcnassicmgl
Lcgms
Jcmsuear BurgflaNimgmjimk
6[ & :[ vadijlaNimgmjimk
AEI Jgrb
Dcea Lcgms ncrZglgriab
ParscmglLcgms
Bikitgl PrcbujtNimgmjimk
Linastyla PrcbujtNimgmjimk
Kclb Lcgms
ParscmglLcgms
Gssat FgjoabVanimgmjimk
Fusimass Lcgms
Jcmsuear BurgflaNimgmjimk
Prcparty NitmassVapcrt
A-jceearjaZallar Nimgmja
Eutugl Numb
BistrifuticmNimgmjiglImstituticms KrcupLambimk Prcnassicmgl
Lcgms
Lcgms GkgimstPrcparty
Likdt Amkimaarimk^artijgl
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FQZIMAZZ/ PVCBQJR LGQMJD HCQVMAY
9
6[ & :[Nimgmjimk
JcmsuearBurgfla
Nimgmjimk
*JcmstrujticmAquipeamtNimgmjimk
Dcea LcgmsZaln
Aeplcyab
Lcgm GkgimstZdgras -Vatgil
ParscmglLcgm Jrcss
Zall
LinaImsurgmja
Bistrifuticm
LcgmsGkgimstPrcparty
FusimassLcgms
Lcgm GkgimstZdgras -
Prcectar
^ambcrNimgmjimk
Axtambab[grrgmty
Jrcss Zall
ZEA
Vatgil
Naa Prcbujts
Jceearjigl
+6 +6
+1
+:
+>
+:
+::
KamarglImsurgmja
Bistrifuticm
JcmsuearVurgl
Lambimk
VatgilarNimgmja
JcmsuearNimgmjiglNitmassVapcrt
JVIZIL ZEAVgtimk
+:
LinastylaPrcbujt
Nimgmjimk
Dcea Lcgms -Zglgriab
ZEAJrcssZall
ZglgriabParscmgl
Lcgms
ImnrgstrujturaNimgmjimk
Jc-frgmbabJrabit Jgrb
AEI Jgrb
PrcnassicmglLcgms
ZEA
Vatgil
Jceearjigl
Vurgl
+1
PrcpartyNitmassVapcrt
BikitglNimgmja
* Jcsab
Lakgjy
A-JceearjaZallar
Nimgmja
+2
NimgmjiglImstituticms
KrcupLambimk
Naa Prcbujts
ZEANimgmjiglNitmassVapcrt
Lagsa VamtglBisjcumtimk
EZEAVurglLambimk
LikdtAmkimaarimk
^artijgl
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ATAJQRI A ZQEEGVY
70
Fghgh
Nimgmja 64 yagr clb mcm fgmo witd g baecmstrgtab trgjo rajcrb cn prcnitgfility.
Ncjusab cm Jcmsuear, ZEA & Jceearjigl limas cn fusimassas.
Ztrgtakij fusimass umit crkgmizgticm basikm suppcrtab fy dcrizcmtgl jceecm utility suppcrtnumjticms tc briva bcegim axpartisa, sjglgfility gmb cpargtimk lavargka.
Ztrgtaky is tc ncjus cm jrcss sall, justcear axpariamja gmb prcbujt & prcjass immcvgticms tc
jragta g binnaramtigtab & prcnitgfla fusimass ecbal.
Rda jcepgmy dgs `:1,11; Jrcras cn Gssats umbar Egmgkaeamt witd g mat MPG cn 0.11% gmb g
jgpitgl gbaqugjy cn 60.;6% gs gt Huma 6071. Rda jcepgmy im W7 NY7> dgs balivarab g pra tgxprcnit cn `266 Jrcras gmb g pcst tgx prcnit cn `6;> Jrcras gt g VCG
7
cn 0.9% gmb VCA7
cn 2.9%.
Jcmsuear
fusimass Gecmkst tda tcp : twc wdaalar lambar im Imbig ncjusab cm saei-urfgm & rurgl egroats.
Lgrkast Jcmsuear Alajtrcmijs lambar im Imbig, ncjusab cm gnn luamt jcmsuears.
Rda jcepgmy is mcw krcwimk i ts Zglgriab Dcea Lcgms fusimass fy ranimimk tda fusimass
ecbal witd Birajt tc Justcear gjquisiticm ecbal tc fuilb g prcnit gfla krcwtd amkima.
Gecmkst g naw mcm fgmos witd gm gjtiva jc-frgmbab Jrabit Jgrb.
AEI Jgrb (Axistimk Eaefarsdip Jgrb) nrgmjdisa jrcssab :.1 EE jgrbs.
Gecmkst tda lgrkast maw lcgms gjquirars im Imbig (:.:9 EE im NY72 gmb 2.96 EE im NY71.)
7 Mct Gmmuglisab
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ATAJQRI A ZQEEGVY (JCMRB.)
77
ZEA
Fusimass
Ncjusab cm dikd mat wcrtd ZEAs witd gm gvargka gmmugl sglas cn ` 61 Jrcras witd astgflisdab
nimgmjigls & baecmstrgtab fcrrcwimk trgjo rajcrbs.
Cnnar g rgmka cn wcroimk jgpitgl & krcwtd jgpitgl prcbujts.
Cnnar null rgmka cn ecrtkgka (Lcgm gkgimst prcparty, Lagsa Vamtgl Bisjcumtimk & Dcea Lcgms)gmb wcroimk jgpitgl prcbujts tc ZEA & saln aeplcyab prcnassicmgls.
G babijgtab ZEAValgticmsdip Egmgkaeamt jdgmmal jragtab tc prcviba wiba rgmka cn jrcss
sall prcbujts tc cur ZEA nrgmjdisa.
Vurgl
fusimass
Dikdly bivarsiniab lambar im tda rurgl ajc systae cnnarimk cvar 76 prcbujts im jcmsuear gmb
EZEA fusimass jgtakcrias witd g umiqua duf gmb spcoa fusimass ecbal
Kackrgpdij prasamja gjrcss 6:6 tcwms gmb villgkas gmb ratgil prasamja gjrcss 7400+ stcras
Jceearjigl
fusimass
Cnnar wdclasgla lambimk prcbujts jcvarimk sdcrt, eabiue gmb lcmk tare maabs cn Gutc
jcepcmamt vambcrs im Imbig.
Cnnar g rgmka cn strujturab prcbujts jcllgtarglizab fy egroatgfla sajuritias cr ecrtkgka
Rragsury Ztrgtaky is tc jragta g fglgmjab eix cn wdclasgla gmb ratgil fcrrcwimks.
Jurramt eix cn fgmo, baft egroats gmb ratgil bapcsits is gt 2;829802.
Jrabit
Wuglity
Krcss gmb Mat MPG cn 7.>9% gmb 0.11% raspajtivaly witd g prcvisicmimk jcvargka cn >4%. Rda
jcepgmy gs par tda VFI kuibalimas dgs ecvab its MPG rajckmit icm pclijy tc 710 bgys cvar-
buas nrce 740 bgys cvar buas. Rda jcepgrgfla 740 bgy rgtics stccb gt 7.12% gmb 0.24%
Jrabit
Vgtimk
Jrabit rgtimk cn GG+/stgfla & LGG+ stgfla nrce JVIZIL & IJVG simja lgst ; yagrs.
Rda n ixab bapcsit sjdaea dgs faam rgtab NGGG/Ztgfla fy JVIZIL gmb EGGG/ Ztgfla fy IJVG.* Zcurja8 Imtarmgl rasagrjd - (jdgrt bapijts nimgmja egroat siza & cur egroat sdgra)
>.;
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JQZRCEAV NVGMJDIZA
76rcwimk Justcear jrcss sall nrgmjdisa fy 60-61% avary yagr
Maw tc Fghgh Justcears
Huma 6071
Rctgl Nrgmjdisa
Jrabit sakeamt ni ltar
Cvargl l Jrcss sall nrgmjdisa
Mcm balimquamt
justcears
Jrcss sall
nrgmjdisa
4.16 eillicm
>.4> eillicm
76.7; eillicm
;.41 eillicm
4.:7 eillicm
Huma 6072
>.>7eillicm
1.6; eillicm
9.;; eillicm
>.0: eillicm
>.21 eillicm
W7 NY71>,1:,6;>
W6 NY712,90,>01
W: NY71;,6;,2;7
W2 NY711,:0,666
W7 NY7>;,4>,1;;
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OAY PCVRNCLIC EARVIJZ
7:* Pgusab
Fusimass Zakeamt
GQE IVVRijoat(Lgjs)
Wugrtarkcma fyYcY Vgmka
6[ & :[ nimgmja :,:4; :,2:; :,:62 :,:71 ->% 66.0% 64.0% 0.10
Jcmsuear burgfla nimgmja :,22; 2,740 2,7>: 1,72; 24% 62.0% 6>.0% 0.69
Bikit gl prcbujt nimgmja 7>0 6>; :76 :12 610% 62.0% 6>.0% 0.64
Linastyla prcbujt nimgmja 7:9 7>1 74> 677 ;;% 62.0% 6>.0% 0.16
Parscmgl lcgms jrcss sall 7,964 6,71> 6,276 6,;27 11% 74.0% :1.0% 7.7;
Zglgriab parscmgl lcgms 7,:60 7,14> 7,497 6,6:7 707% 72.0% 7>.0% 2.10
Fusimass lcgms 6,7>4 6,2;2 6,2>7 :,014 >2% 74.0% 60.0% 71
Prcnassicmgl lcgms 2>: 1:6 >6: ;:; 40% 71.0% 7;.0% 7>
Lcgm gkgimst prcparty ;,;>1 ;,406 4,6:6 4,262 7:% 77.1% 7:.0% 7;1
Dcea lcgms (Zaln aeplcyab) 6,2>: 6,947 :,0;7 :,0>: 60% 70.:% 76.0% 700
Dcea lcgms (Zglgriab) >:: ;11 4:9 9:4 2>% 9.4% 77.0% :>Lcgm gkgimst sajuritias 7,60; 7,:91 7,1;4 7,17> :1% 77.1% 7:.0% 600
ZEA jrcss sall 942 7,777 7,6:: 7,:>0 >6% 70.:% 60.0% 1:
Jceearjigl lambimk 9;6 7,0;1 7,72> 7,204 2>% 70.1% 76.1% 7100
Imnrgstrujtura lambimk 172 226 274 :94 -62% 76.0% 72.0% MG **
Vurgl lambimk 7:: 6:2 ::: 166 14;% 71.0% :1.0% 0.20
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ZRVCMK BIZRVIFQRICM VAGJD
72
Kackrgpdij Prasamja (Mc. cn frgmjdas)
Fusimass Lima NY76 NY7: NY72 NY71 NY7>*
Jcmsuear burgflafrgmjdas
46 97 772 7>7 7>7
ZEAfusimassfrgmjdas
:7 1; 40 779 72>
Vurgl Frgmjdas - - 72 10 10
Vurgl Zpcoas - - 1> 746 746
Rctgl Vurgl lcjgticms - - ;0 6:6 6:6
Bistrifuticm (Pcimts cn sgla)
Fusimass Lima NY76 NY7: NY72 NY71 NY7>*
Jcmsuear burgfla 6,400+ :,100+ 2900+ ;000+ ;900+
Bikitgl - 410+ 7>00+ 6>10+ 6900+
Mcm Bikitgl 7710+ 7:00+
6[ Baglar/GZJs 6,600+ 6,>00+ 6,>00+ :,000+ :,000+
ZEA Pgrtmar 610+ 200+ ;00+ ;00+ ;00+
Vurgl JcmsuearBurgfla - - - 7100+ 7400+
Fusimass Lima NY76 NY7: NY72 NY71 NY7>*
Jcmsuear Lcgms 7,2>1 7,904 6,210 :,>6: 7,694
Linastyla & Bikitgl - :; 709 :;2 762
Parscmgl Lcgms 90 77> 7:; 60> >4
6[ & :[ >12 ;:> >17 1>7 727
Vurgl Nimgmja - - 66 7:7 ;9
ZEA/Jceearjigl 76 77 60 :0 70
Rctgl 6,667 6,404 :,:49 2,962 7,;79
**Gssats Qmbar Egmgkaeamt (` Jrcras)
Fusimass Lima NY76 NY7: NY72 NY71 NY7>* Eix
Jcmsuear
Lambimk
2,9;9 ;,7:4 9,:64 7:,606 72,9:; 26%
ZEALambimk 1,6;0 ;,;10 76,009 71,117 7>,>26 2;%
JceearjiglLambimk
6,414 6,>69 6,>;2 :,:62 :,21> 70%
Vurgl Lambimk - - 10 ::: 166 7%
Rctgl GQE 7:,70; 7;,17; 62,0>7 :6,270 :1,11; 700%** LGZ pcrt ncl ic rakrcupab nrce ZEALambimk fusimass tc Jceearjigl Lambimk fusimass gmb Zglgriab Dcea Lcgms pcrt ncl ic rakrcupab n rce ZEALambimk fusimass tc Jcmsuear Lambimk fusimass* Gs gt/ Yagr tc bgta ncr tda qugrtar ambimk
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OAY PAVNCVEGMJA DIKDLIKDRZ NCV W7 NY7>
71
Prcn it fancra tgx ncr W7 NY7> :7% tc ` 266 Jrcras nrce ` :67 Jrcras im W7 NY71
Prcn it gntar tgx ncr W7 NY7> :7% tc ` 6;> Jrcras nrce ` 677 Jrcras im W7 NY71.
Gssats Qmbar Egmgkaeamt burimk W7 NY7> :6% tc ` :1,11; Jrcras nrce ` 6>,92: Jrcras im W7 NY71.
Baplcyeamt s burimk W7 NY7> 61% tc ` 9,969 Jrcras nrce ` ;,976 Jrcras im W7 NY71. *
Rctgl imjcea ncr W7 NY7> ::% tc ` 7,>1> Jrcras nrce ` 7,62> Jrcras im W7 NY71.
Maw lcgms gjquirab burimk W7 NY7> :;%
tc 7;,79,761 nrce 76,16,692 im W7 NY71.
Lcgm lcssas gmb prcvisicms ncr W7 NY7> 62% tc `70: Jrcras gs gkgimst ` 4: Jrcras im W7 NY71.
Vaturm cm Gssats gmb Vaturm cm Aqui ty ncr W7 NY7> wara 0.9% gmb 2.9% (mct gmmuglizab)raspajtivaly.
Krcss MPG gmb Mat MPG
gs cn :0 Huma 6071 stccb gt 7.>9% gmb 0.11% raspajtivaly. Rda prcvisicmimkjcvargka rgtic stccb gt >4% gs cn :0 Huma 6071. Rda Jcepgmy jcmtimuas tc prcviba ncr lcgm lcssas imaxjass cn VFI raquiraeamts. Burimk tda qugrtar ambab :0 Huma 6071, gs raquirab fy VFI kuibalimas, tdaJcepgmy dgs ecvab i ts MPG rajckmiticm pclijy nrce 740 bgys cvar-buas tc 710 bgys cvar-buas. Rdajcepgrgfla 740 bgy Krcss MPG & Mat MPG stccb gt 7.12% gmb 0.24% raspajtivaly.
Jgpitgl gbaqugjy rgt ic (imjlubimk Riar-II jgpit gl) stccb gt 60.;6%. Rda tiar I jgpitgl stccb gt
7;.27%. Rda Jcepgmy jcmtimuas tc fa wall jgpitglizab tc suppcrt its krcwtd t rghajtcry.* Krcss baplcyeamt muefar is axjlubimk ravclvimk lcgms viz. Purjdgsa crbar nimgmjimk, Lcgm Gkgimst Zajuritias & Vatgilar nimgmjimk
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ZQEEGVY NIMGMJIGL ZRGRAEAMR
7>* Wugrtarl y muefars gra mct gmmuglizab
Nimgmjigls smgpsdct W7'71 YcY NY'71 NY'72 YcY NY'7:
Gssats umbar nimgmja (GQN) :2,091 61,>26 ::% :7,799 66,9;7 :>% 7>,;22
Gssats umbar egmgkaeamt (GQE) :1,11; 6>,92: :6% :6,270 62,0>7 :1% 7;,17;
Rctgl Imtarast & naa Imjcea 7,>1> 7,62> ::% 1,274 2,0;: ::% :,770
Imtarast axpamsas >;; 299 :>% 6,624 7,1;: 2:% 7,60>
Mat Imtarast Imjcea (MII) 9;9 ;2; :7% :,7;0 6,100 6;% 7,902
Cpargtimk Axpamsas 212 :2: :6% 7,264 7,717 62% 410
Lcgm Lcssas & Prcvisicm 70: 4: 62% :41 614 29% 746
Prcnit fancra tgx 266 :67 :7% 7,:1; 7,097 62% 4;6
Imjcea tgx 72> 770 ::% 219 :;6 6:% 647
Prcnit gntar tgx 6;> 677 :7% 494 ;79 61% 197
Vgtics W7'71 NY'71 NY'72 NY'7:
Rctgl Cpax tc MII 2>.2% 21.9% 21.7% 2>.0% 22.>%Rctgl Jcst tc Rctgl Imjcea 6;.2% 6;.1% 6>.2% 64.:% 6;.:%
Lcgm lcss tc GQN* 0.:% 0.:% 7.6% 7.7% 7.7%
Vaturm cm Gvargka GQN* 0.9% 0.9% :.:% :.>% 2.7%
Agrmimk par sdgra - Fgsij (Vs.) * 12.: 26.1 7;9.9 722.4 7:1.;
Vaturm cm Gvargka Aquity * 2.9% 1.7% 60.2% 79.1% 67.9%
im Jrcras
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EGMGKAEAMR BIZJQZZICM
7;
Egroat Gssasseamt 8
Gs cn Huma 6>, 6071 krcss fgmo jrabit cn sjdabulab jceearjigl fgmos gecumtab tc `>>.19 lgj jrcrasrakistarimk gm imjragsa cn 9.6;% burimk tda yagr gs gkgimst gm imjragsa cn 76.;1% im tda pravicus yagr. Cm gsaquamtigl fgsis tdara wgs g 6.1% bajlima im tda Gpril-Huma qugrtar nrce Egrjd. Ztrassab gssats gjjcumtabncr 77.7% cn lcgms im tda fgmoimk systae gs cn :7 Egrjd, tda dikdast simja 6006. rajcrbabtda dikdast laval cn strassab gssats gt 7:.1% cn tctgl gbvgmjasgs cn Egrjd 6071.
Ajcmceij imbijgtcrs raegim sufbuab. imbustrigl cutput kraw gt g eara 6.;% YcY im Egy, jcepgrabwitd 2.7% im Gpril, priegrily bua tc wago krcwtd im tda egmungjturimk sajtcr. Jcmsuear burgflas dgvarajcrbab ba-krcwtd cn :.9% witd tda cvargll ba-krcwtd im Jcmsuear kccbs faimk 7.>%.
Gutc sajtcr sdcwab g krcwtd cn 7.1;% YcYim Gpril-Huma qugrtar. Pgssamkar gmb jceearjigl vadijlas krawfy >.7;% gmb :.11% raspajtivaly. Rdraa wdaalar sakeamt ba-kraw fy >.;;% gmb twc wdaalar sakeamtkraw fy g eara 0.>2%. Krcwtd im jceearjigl vadijlas wgs eghcrly bua tc Eabiue & Dagvy Jceearjigladijlas (E&DJ s) sakeamt wdijd rakistarab g krcwtd cn 6:.6:%. Rwc wdaalar krcwtd wgs lgrkaly brivam
fy sjcctarswdijd rakistarab g YcYimjragsa cn ;.61%.
Dcusimk egroat imvamtcry lavals jcmtimuab tc risa tc rajcrb lavals geib wago sglas bua tc umgnncrbgflaprijas avam gntar bavalcpars cnnarab vgricus bisjcumts gmb sjdaeas. Dceafuyars gra wgitimk ncr prcpartyprijas cr imtarast rgtas cm dcea lcgms tc jcea bcwm gmb bavalcpars gra lccoimk gt binnaramt wgys tc brivaup sglasgmb jlagr imvamtcry
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EGMGKAEAMR BIZJQZZICM (JCMRB.)
74
Fusimass Jceeamtgry 8
Cvargll g strcmk qugrtar ncr tda jcepgmy witd rcfust vcluea & jrcss sall eceamtue gmb strcmk jrabitparncregmja gjrcss Jcmsuear & ZEAfusimassasbaspita g wago baegmb amvircmeamt.
Rwc [daalar nimgmjimk pamat rgt icm cn Fghgh bceast ij Rwc [daalar sglas bajlimab tc 64% nrce:7% im tda pravicus qugrtar. Dcwavar, it raegimab stgfla cm YcY fgsis. Cvargll vcluea ncr tda qugrtarbrcppab fy 6% (YcY). Rdraa wdaalar nimgmjimk pamatrgt icm cn Fghgh bceast ij Rdraa [daalar sglasim W7wgs gt 71%
Jcmsuear burgfla fusimass dgb g kccb qugrtar bisfursimk 76.9 lgj gjjcumts (:7% YCY) im W7baspita g ba-krcwtd im imbustry sglas. Cur nimgmjimk vcluea krcwtd wgs lab fy cur jcmtimuab ncjus cm justcearstieulgticm. Kragt Imbigm Zueear Nastivgl (RKIZN jcmsuear prcec wgs g fik sujjass witd cvar 100justcears wimmimk kints. Rda IPL jrijoat tcurmgeamt dalpab fccst nlgt pgmal R sglas wdara gs tdaaxtambab sueear dalpab imjragsa sglas gjrcss tda Gir Jcmbiticmar jgtakcry.
Bikitgl nimgmja fusimass balivarab bajamt krcwtd bisfursimk 9>o gjjcumts (769% YcY) baspita imtamsajcepatitiva gjtivity nrce A-Jceearja plgyars. Rda fusimass jcmtimuab tc baapam ralgticmsdips witdlagbimk egmungjturars lioa Zgesumk gmb Gppla
Linastyla nimgmja fusimass bisfursab 64o gjjcumts, rakistarimk g krcwtd cn 96% YcY. Rda krcwtd im tdafusimass wgs brivam fy baapamimk ralgt icmsdips im lgrka jcrpcrgta gjjcumts gs wal l gs axtamsivabistrifuticm axpgmsicm burimk tda qugrtar. [a dgva jragtab g nimgmjimk ecbal ncr axtambimk jrabit tcjliamts fuyimk nrce um-crkgmizab ratgil egroat wdijd jcmtrifutas tc 90% cn tda nurmitura egroat. Rdis willdalp us tc krcw tdisfusimass imtc eujd lgrkar fusimass im maxt 6-: yagrs.
Zglgriab parscmgl lcgms fusimass bal ivarab its dikdast avar bisfursaeamt cn >:> Jrs im g qugrtarrakistarimk g krcwtd cn 772% YcY. Rda fusimass jcmtimuas tc balivar g dagltdy jrabit parncregmja. Rda
jcmtrifuticm cn tda B6Jjdgmmal dgs imjragsab tc 1;% im lima witd tda frcgbar strgtaky cn tda fusimass.
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EGMGKAEAMR BIZJQZZICM (JCMRB.)
79
A-Jceearja nimgmjimk fusimass wgs lgumjdab im tda pravicus qugrtar witd sujjassnul tia-up witd Nlipogrtncr . Rda fusimass bisfursab :.9> Jrs gjrcss 71 sallars cn Nlipogrt. Rda fusimass is wcroimk tclgumjd its ar prckrge witd salajt A-Jceearja jcepgmias im tda Hul-Zapt qugrtar. Rdafusimass is glsc amkgkimk witd cmlima ratgilars lioa Zmgpbagl & Gegzcm tc axpgmb its A-Jceearjanrgmjdisa.
Jrcss sall eceamtue gjrcss Lambimk gmb Naa prcbujts raegimab strcmk. Parscmgl lcgm (>:: Jrs), LI (77>Jrs), KI (>; Jrs), AEI jgrb (2.0> lgj), Prcparty Nitmass Vapcrt (# 694), Nimgmjigl Nitmass Vapcrt Jcmsuear(#70,>0;) & Nimgmjigl Nitmass Vapcrt ZEA(#6,;40).
Vurgl lambimk jcmsuear fusimass jcmtimuab its axjallamt eceamtue im nirst qugrtar cn 6071-7> gibab fystrcmk vcluea trgjticm im its JB fusimass. Rda fusimass lgumjdab 71 maw Frgmjdas gjrcss tda stgtas cn
Ogrmgtgog, Kuhgrgt gmb Egdgrgsdtrg burimk tda qugrtar. [itd tda lgumjd cn EZEA fusimass burimk tdisqugrtar, tda Vurgl Lambimk vartijgl mcw dgs g dikdly bivarsiniab prcbujt pcrtnclic, cnnarimk cvar 76 prcbujts.Rda fusimass is ragby tc nurtdar axpgmb its rurgl ncctprimt imtc tda stgta cn Egbdyg Prgbasd im W6.
Fusimass lcgms dgb g strcmk qugrtar bisfursimk 4:6 Jrs witd g krcwtd cn 22% im W7. Pcrtnclic parncregmjajcmtimuas tc dclb wall gjrcss gll pgrgeatars. G bajisicm suppcrt systae is faimk lgumjdab im W6 wdijd willieprcva justcear turm grcumb tiea gmb sufstgmtiglly frimk bcwm jcst cn jrabit prcjassimk gmb imjragsaprcbujtivity tc 7.1T im cur gssasseamt.
Prcnassicmgl lcgms jcmtimuab tc krcw vary wall gmb bisfursab 6:1 Jrs witd g vglua krcwtd cn 766% imW7. Cur pra-gpprcvab ecbal tc Bcjtcrs cnnars cma cn tda nimast justcear axpariamjas witd g vary lcw jcstcn justcear gjquisiticm ncr tda jcepgmy.
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EGMGKAEAMR BIZJQZZICM (JCMRB.)
60
LGP fusimass raegimab im dypar jcepatitiva situgticm gs gll lambars wgmt tc krcw tdis gssat jlgss. Rdaegmgkaeamt strujtura im tda Ecrtkgkas fusimass wgs raglikmab im tdis qugrtar witd tda LGP & ZA DLfusimassas faimk geglkgegtab witd tda Fusimass & Prcnassicmgl lcgms fusimass vartijgls im crbar tcjgpitglisa cm tda dceckamaity im tda justcear prcnila gmb lavargka symarkias tdgt wculb amgfla us tc
crikimgta fusimass gt dgln tda jcst. Rdis wculb sikminijgmtly gukeamt cur B6J (Birajt tc Justcear)jgpgfilit ias gsg jcepgmy.
Zaln aeplcyab ecrtkgka fusimass is faimk lgrkaly glikmab tc axistimk justcear nrgmjdisa tc balivar glcw jcst sustgimgfla VCAecbal. Zaln-Aeplcyab & Zglgriab Dcea Lcgm fusimassas dgva nully trgmsiticmabtc tda B6J(Birajt tc Justcear) ecbal.
LGZ fusimass dgb g bajamt qugrtar. Rda fusimass is ragby tc axajuta its F6F6Jstrgtaky wdara FNL willpgrtmar witd lagbimk frcoargkas/ fgmos witd gm cfhajtiva tc lavargka tda numbimk cppcrtumity tc tdair
DMI & QDMI justcear fgsa. Rdis jculb pctamtiglly krcw tda fusimass eulti-nclb im maxt naw yagrs.
Jceearjigl Imnrg fusimass raegimab im pgusa ecba bua tc sajtcrgl strass. Jceearjigl Lambimkfusimass axpgmbab its cn narimks im tda eib-egroat jliamt sakeamt tdrcukd lgumjd cn Nimgmja
gmb ibamtiniab 06 maw imbustry vartijgls cn & Likdt tc axpgmb tda imbustryjcvargka im jceearjigl lambimk vartijgl. Rda Jcepcmamt fusimassjcmtimuab tc krcw wall.
Rda jcepgmy lgumjdab 06 maw Valgticmsdip Egmgkaeamt jdgmmals viz. Bikitgl gmb gmbradgsdab its fusimass jdgmmal strgtaky, gs pgrt cn its [agltd & Valgticmsdip Egmgkaeamt strgtaky,Rda jdgmmal balivarab g vcluea cn 6;> Jrs rakistarimk g krcwtd cn 67% YcY. Rdajdgmmal gjtivgtab 6; justcears im nirst 71 bgys cn lgumjd. Rda jdgmmal aepgmallab ecra tdgm :;0gkamts cn FGKIJ& DBNJLina im W7.
Nixab bapcsits fusimass kgrmarab 722 Jrs cn bapcsits burimk tda qugrtar, tgoimk tda tctgl bapcsit fcco tc7,779 Jrs. Gvargka bapcsit siza imjragsab tc gfcva :.; lgjs burimk tda qugrtar witd gvargka tamcr cn gfcva:0 ecmtds.
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67
Imtarast jcst ncr tda jcepgmy jcmtimuas tc raegim sikminijgmtly lcwar gecmkst MFNJpaars. Fcrrcwimkeix cn FNL gt tda qugrtar amb fatwaam fgmos, ecmay egroats gmb ratgil bapcsits wgs 2;829802. Rdajcepgmy cvar tda 7st qugrtar dgb egimtgimab g rgtic cn 26812802 fatwaam fgmos, ecmay egroats & ratgilbapcsitsgmb is fgjo tc tdis pcsit icm im tda ecmtd cn 71
Gwgrbs gmb Vajckmiti cms 8
Rda jcepgmy wgs rajckmizab gecmkst tda Fast Jcepgmias tc wcro ncr im tda jcumtry fy tda Plgjastc [cro ncr tda :rb yagr im g rcw. Rda jcepgmy ecvab up savam plgjas nrce lgst yagr gmb wgsrajckmizab gs tda 7>td Fast Aeplcyar tc wcro ncr im Imbig. Rda jcepgmy glsc ecvab up cma plgja im tdaFNZI jgtakcry tc mcw fa rgmoab gs tda 6mb Fast Jcepgmy tc wcro ncr im tdis spgja im tda jcumtry fadimbcmly Gearijgm Axprass Imbig.
*List cn Rcp 7> KPR[ Gwgrbaas8-
Vgmo Jcepgmias Vgmo Jcepgmias
7 VEZI Pvt. Ltb. 9 Ncrfas Egrsdgll Pvt. Ltb.
6 Kcckla Imbig Pvt. Ltb. 70 Linastyla Imtarmgticmgl Pvt. Ltb.
: Egrrictt Dctals Imbig Pvt. Ltb. 77 BDL Axprass (Imbig) Pvt. Ltb.
2 Gearijgm Axprass Imbig 76 Dygtt Dctals & Vascrts
1 ZGP Lgfs Imbig 7: Lupim Ltb.
> Kcbrah Jcmsuear Prcbujts Ltb. 72 Nabargl Axprass Jcrpcrgticm
; Imtuit Rajdmclcky Zarvijas Pvt. Ltb. 71 Ralaparncregmja Imbig
4 Gjjcr Dctals Imbig 7> Fghgh Nimgmja Lieitab
EGMGKAEAMR BIZJQZZICM (JCMRB.)
*Gs puflisdab cm tda KPR[ wafsita
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::% YcY
NIMGMJIGL PAVNCVEGMJA RVAMBZ W7 NY7>
66
Vavamua ( Jrcra)
GQE ( Jrcra)
Mat Imtarast Imjcea (MII) ( Jrcra) :7% YcY
:;% YcY :6% YcY
661
7:6
7>1
760
727
706;
42>
7:>>
7026
71;4
7616
9;4
71:7
77>6
7;79
W7 71 W6'71 W:'71 W2'71 W7 7>
6 [daal ars Ctdars
6>,92:
64,002
:0,466
:6,270
:1,11;
W7 71 W6'71 W:'71 W2'71 W7 7>
7,62>
7,626
7,241
7,221
7,>1>
W7 71 W6'71 W:'71 W2'71 W7 7>
;2;
>94
49:
4::
9;9
W7 71 W6'71 W:'71 W2'71 W7 7>
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NIMGMJIGL PAVNCVEGMJA RVAMBZ W7 NY7>
6:
Cpargtimk axpamsas % cn MII
Mat MPG & Prcvisicmimk jcvargka
Lcgm lcss prcvisicm ( Jrcra)
Pra Rgx Prcnit (
Jrcra)
*Rda mat MPG & prcvisicmimk jcvargka muefars ncr W7NY7> gra gt 710 bgys cvar-buas wdil a tda sgea ncr pravicus qugrtars gra gt 740 bgys cvar-bua.
62% YcY
:7% YcY
2>% 2>%
22%
21%
2>%
W7 71 W6'71 W:'71 W2'71 W7 7>
4:
40
704
772
70:
W7 71 W6'71 W:'71 W2'71 W7 7>
0.6;% 0.24% 0.29% 0.21% 0.11%
;>%
>;%
>4%
;7%
>4%
>6%
>2%
>>%
>4%
;0%
;6%
;2%
;>%
;4%
W7 71 W6'71 W:'71 W2'71 W7 7>*
Mat MPG (%) Jcvargka (%)
:67
699
:9:
:21
266
W7 71 W6'71 W:'71 W2'71 W7 7>
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Agrmimks par sdgra Fgsij (
)
NIMGMJIGL PAVNCVEGMJA RVAMBZ W7 NY7>
62
Jgpit gl gbaqugjy rgtic
Vaturm cm gvk. gssats umbar n imgmja & Aquity
64% YcY
0.9%
0.;%
0.9%
0.;%
0.9%
1.7%
2.>%
1.>%
2.4%
2.9%
W7 71 W6'71 W:'71 W2'71 W7 7>
VCG VCA
71.6%
71.7%
72.;%
72.6%
7;.2%
6.4%
2.:%
2.0%
:.4%
:.:%
4.0%
79.:% 74.;%
7;.9;%
60.;6%
W7 71 W6'71 W:'71 W2'71 W7 7>
Riar-I Riar-II
26.1
:9.1
17.;
2>.:
12.:
W7 71 W6'71 W:'71 W2'71 W7 7>
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JVABIR WQGLIRY PCVRNCLIC JCEPCZIRICM
61Lakambs imbijgta justcears wdc gra jurramt/ mc buas gs cn tda ecmtd.
Jcmsuear burgfla lcgm pcrtnclic Rwc & Rdraa wdaalar lcgm pcrtnclic
Linastyla & Bikitgl nimgmja lcgm pcrtnclic
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JVABIR WQGLIRY PCVRNCLIC JCEPCZIRICM
6>Lakambs imbijgta justcears wdc gra jurramt/ mc buas gs cn tda ecmtd.
Zegll fusimass lcgm pcrt ncl ic
Parscmgl lcgm jrcss sall pcrtnclic
Zglgriab parscmgl lcgm pcrtnclic
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JVABIR WQGLIRY PCVRNCLIC JCEPCZIRICM
6;
Lcgm gkgimst prcparty pcrtnclic
Dcea lcgm pcrtnclic
Lakambs imbijgta justcears wdc gra jurramt/ mc buas gs cn tda ecmtd.
Vurgl Lambimk pcrtncl ic
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BIZJLGIEAV
64
Rdis prasamtgticm dgs faam prapgrab fy gmb is tda scla raspcmsifility cn Fghgh Nimgmja Lieitab (tckatdar witd its sufsibigrias, ranarrab tc gs tda Jcepgmy cr
. Fy gjjassimk tdis prasamtgticm, ycu gra gkraaimk tc fa fcumb fy tda trgilimk rastrijticms.
Rdis prasamtgticm bcas mct jcmstituta cr bcas mct imtamb tc jcmstituta cr ncre pgrt cn gmy cnnar cr imvitgticm cr imbujaeamt tc sall, cr gmy sclijitgticm cn gmy
cnnar cr rajceeambgticm tc purjdgsa, gmy sajuritias cn tda Jcepgmy, mcr sdgll i t cr gmy pgrt cn it cr tda ngjt cn its bistrifuticm ncre tda fgsis cn, cr fa raliab
cm im jcmmajticm witd, gmy jcmtrgjt cr jceeiteamt tdarancr. Im pgrtijulgr, tdis prasamtgticm is mct imtambab tc fa g prcspajtus cr cnnar bcjueamt umbar tdagpplijgfla lgws cn gmy hurisbijticm, imjlubimk Imbig. Mc raprasamtgticm cr wgrrgmty, axprass cr iepliab, is egba gs tc, gmb mc raligmja sdculb fa plgjab cm, tda
ngirmass, gjjurgjy, jceplatamass cr jcrrajtmass cn tda imncregticm cr cpimicms jcmtgimab im tdis prasamtgticm. Zujd imncregticm gmb cpimicms gra im gll avamts
mct jurramt gntar tda bgta cn tdis prasamtgticm. Rdara is mc cflikgticm tc upbgta, ecbiny cr geamb tdis jceeumijgticm cr tc ctdarwisa mctiny tda rajipiamt in
imncregticm, cpimicm, prchajticm, ncrajgst cr astiegta sat ncrtd daraim, jdgmkas cr sufsaquamtly fajceas imgjjurgta. Dcwavar, tda Jcepgmy egy gltar,
ecbiny cr ctdarwisa jdgmka im gmy egmmar tda jcmtamt cn tdis prasamtgticm, witdcut cflikgticm tc mctiny gmy parscm cn sujd jdgmka cr jdgmkas.
Rdasa egtarigls gra faimk kivam sclaly ncr ycur imncregticm gmb egy mct fa jcpiab, raprcbujab cr rabistrifutab tc gmy ctdar parscm im gmy egmmar. Rda
bistrifuticm cn tdasa egtarigls im jartgim hurisbijticms egy fa rastrijtab fy lgw gmb parscms imtc wdcsa pcssassicm tdasa egtarigls jceas sdculb imncre
tdaesalvas gfcut gmb cfsarva gmy sujd rastrijticms. Jartgim stgtaeamts jcmtgimab im tdis prasamtgticm tdgt gra mct stgtaeamts cn distcrijgl ngjt jcmstituta
-lccoimk stgtaeamts. Ycu jgm kamarglly ibamtiny ncrwgrb-lccoimk stgtaeamts fy tareimclcky sujd gscr ctdar
wcrbs cr pdrgsas cn sieilgr iepcrt. Rdasa ncrwgrb-lccoimk stgtaeamts imvclva omcwm gmb umomcwm risos, umjartgimtias, gssuepticms gmb ctdar ngjtcrs tdgt
egy jgusa tda gjtugl rasul ts, parncregmja cr gjdiavaeamts tc fa egtarigl ly bi nnaramt n rce gmy nutura rasul ts, parncregmja cr gjdiavaeamts
axprassab cr iepl iab fy sujd ncrwgrb- lccoimk stgtaeamts cr ctdar prchajt icms. Iepcrtgmt ngjtcrs tdgt jculb jgusa gjtugl rasul ts, parncregmja cr
gjdiavaeamts tc bi nnar egtar igl ly imjluba, gecmk ctdars8 (g) egtar igl jdgmkas im tda rakulgt icms kcvarmimk tda fusimassas? (f) tda Jcepgmy's
gfility tc jceply witd tda jgpitgl gbaqugjy mcres prasjrifab fy tda VFI? (j) bajragsas im tda vglua cn tda Jcepgmy's jcllgtargl cr balgys im amncrjimk tda
Jcepgmy's jcllgtargl upcm bangult fy fcrrcwars cm tdair cflikgticms tc tda Jcepgmy? (b) tda Jcepgmy's gfility tc jcmtrcl tda laval cn MPGs im tda Jcepgmy's
pcrtnclic annajtivaly? (a) imtarmgl cr axtarmgl nrgub, cpargticmgl arrcrs, systaes eglnumjticms, cr jyfar sajurity imjibamts? (n) vclgtility im imtarast rgtas gmb
ctdar egroat jcmbiticms? gmb (k) gmy gbvarsa jdgmkas tc tda Imbigm ajcmcey.
Rdis prasamtgticm is ncr kamargl imncregticm purpcsas cmly, witdcut rakgrb tc gmy spajinij cfhajtivas, nimgmjigl situgticms cr imncregticmgl maabs cn gmy
pgrtijulgr parscm. Rda imncregticm jcmtgimab im tdis prasamtgticm is cmly jurramt gs cn its bgta gmb tda Jcepgmy bcas mct umbartgoa gmy cflikgticm tc upbgta
tda imncregticm gs g rasult cn maw imncregticm, nutura avamts cr ctdarwisa.
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FGHGH NIMGMJA LIEIRAB
W7 NY7> Prasamtgticm
RDGMO YCQ
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GMMATQVA
:0
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:7
Imbig vs. Gbvgmjab Ajcmceias Fgmoimk Gssats ( Fm)
Imbig - Fgmos & MFNJ Gssats (QZ Fm)
Imbig vs. Gbvgmjab Ajcmceias - Jcmsuear Baft/ KBP (%)
Imbig Jcmsuear Baft / KBP (%)
-1%
0%
1%
70%
71%
60%
61%
0
600
200
>00
400
7000
7600
7200
7>00
7400
6004-09 6009-70 6070-77 6077-76 6076-7:
MFNJGssats Fgmoimk Rctgl gssats
MFNJKrcwtd % Fgmo Krcwtd % 70%
4.9% 4.4% 4.;%
77%
0%
6%
2%
>%
4%
70%
76%
6004-09 6009-70 6070-77 6077-76 6076-7:
77%
60%
6:%
12%
42%
97%
99%
0% 60% 20% >0% 40% 700% 760%
Imbcmasig
Imbig
Jdimg
Frgzil
Hgpgm
Karegmy
Zimkgpcra
Zcutd Ocrag
Gustrglig
Qmitiab Oimkbce
Qmiti ab Ztgtas
* Zcurja8 Imtarmgl rasagrjd, VFI rapcrts, Flccefark rapcrts, Imbustry rasagrjd rapcrts
7704
9649
7:1>0
71:02
0 2000 4000 76000 7>000 60000
Vussig
Zcutd Ocrag
Imbig
Matdarlgmbs
Gustrglig
Frgzil
Jgmgbg
Itgly
Zpgim
Nrgmja
KaregmyQmitab Oimkbce
Jdimg
Hgpgm
Qmitab Ztgtas
LAMBIMK IMBQZRVY CPPCVRQMIRY
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:6
Cma justcear viaw7AEI Jgrb 8 Lcgm gpprcvgl nrce
: eim im lgst > yagrs tc 0: saj.6
Lgst eila jcmmajtivity tdrcukd jlcub
plgtncre gt ;000+ ratgilars:
Birajt jgsd jcllajticm ecbal
ncr umfgmoab rurgl justcears>
Lcw t ijoat dikd valcjit y
jcllajticm jgpgfility
(~610O gjjcumts par ecmtd)
1
[cro nlcw fgsab umbarwritimk ncr ZEA
fusimassas cm jlcub.2
Nlaxi Lcgm tc ZEA justcears Nlaxifility
tc prapgy & witdbrgw;
cmly A6A cmlima sglgriab
parscmgl lcgm gmb fusimass lcgm4
94% justcear rascluticm im 06
wcroimk bgys70
Jamtra cn Axjallamja ncr Gmglyt ijs
gjrcss Zglas, Prijimk, Viso, Egroatimk,
Jcllajticm & Zarvija
9
Prcparty Nitmass Vapcrt (Prcparty
Bcssiar)77 76 Gcm Dawitt : yagrs im g rcw
Babijgtab Bikitgl Nimgmja fusimass
jgrvab cut7: Lgumjdab EZEA rurgl lambimk
fusimass
72
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PVCBQJR PAV JQZRCEAV (PPJ)
::
Prcbujt par Justcear (PPJ) is g eagsura cn jueulgtiva prcbujts fcukdt fy g justcear cvar dis/ dar linatiea.
* Fgsa prcbujt is imjlubab im tda PPJjgljulgticm* PPJbcas mct imjluba sdcrt tamcr & ramawgfla lcgms (vi z. PC, LGZ & Vatgil ar n imgmja), R[, imnrg gmb Vurgl lambimk scurjimk
Prcbujts
cnnarab
PPJ
Famjdegro
PPJ
(76 ECF)
PPJ
(74 ECF)
PPJ
(62 ECF)
7> : 6.:2* 6.24* 6.1>*
Prcbujts
cnnarab
PPJ
Famjdegro
PPJ
(76 ECF)
PPJ
(74 ECF)
PPJ
(62 ECF)
72 1 6.9:* :.7;* :.:9*
Vatgil
Prcbujt cnnarimks Vatgil
Lcgm Prcbujts
- Jcmsuear burgfla nimgmja, Bikitgl nimgmja,
Linastyla nimgmja, Parscmgl Lcgm, Zglgriab Parscmgl
Lcgms, Zglgriab Dcea Lcgms
Naa Prcbujts
AEI Jgrb, Jrabit Jgrb, AEI Jgrb Pranarrab, Lina
Imsurgmja, Dagltd Imsurgmja, Eutugl Numb, Nixab
Bapcsit , Axtambab [grrgmty Imsurgmja, Jrabit ibyg,
Vatgil Nimgmjigl Nitmass rapcrt
Prcbujt cnnarimks ZEA
Lcgm Prcbujts
Fusimass lcgms, Lcgm gkgimst prcparty, Dcea
lcgms, Jcmstrujticm aquipeamt lcgms, Lcgm gkgimst
sajuritias
Naa Prcbujts
AEI Jgrb, AEI Jgrb Pranarrab, Lina Imsurgmja,
Dagltd Imsurgmja, Eutugl Numb, JVIZIL rgtimks,
Prcparty sagrjd sarvijas, Prcparty nitmass rapcrt,
ZEAnimgmjigl nitmass rapcrt
ZEA
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>:% >6% >0% 1>%
:;% :4% 20% 22%
W6'71 W:'71 W2'71 W7'7>
Nrasd Zcurjimk Vapagt Zcurjimk
22% 22% 27% 26%
1>% 1>% 19% 14%
W6'71 W:'71 W2'71 W7'7>
Nrasd Zcurjimk Vapagt Zcurjimk
:2
Vatgil
ZEA
Bisfursab glua (` Jrcra) Nrasd v/ s Vapagt Eix
Prcbujt Par Justcear (PPJ)
Bisfursab glua (` Jrcra) Nrasd v/ s Vapagt Eix
7.66 7.:>7.29
7.;7
7.47
7.90
Qptc 76 Ecmtds Qptc 74 Ecmtds Qptc 62 Ecmtds
Lcgm Prcbujt Naa Prcbujt
Prcbujt Par Justcear (PPJ)
7.:: 7.2>7.11
7.077.06
7.07
Qptc 76 Ecmtds Qptc 74 Ecmtds Qptc 62 Ecmtds
Lcgm Prcbujt Naa Prcbujt
6.1>
.24
6.:2
6090
:.:9
:.7;
6.9:
* Fgsa prcbujt is imjlubab im tda PPJjgljulgticm* PPJbcas mct imjluba sdcrt tamcr & ramawgfla lcgms (vi z. PC, LGZ & Vatgil ar n imgmja), R[, Imn rg gmb Vurgl lambimk scurjimk
:;7;00; 2149
6:92
6260
1229
6:2:
PVCBQJR PAV JQZRCEAV (PPJ)
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AEI JGVB NVGMJDIZA
:1
[dgt is AEI Jgrb Prckrass t il l bgta
AEI Jgrb Clb & Maw basikm
Clb AEI Jgrb basikm (Egy6077 tc Huma 607:)
Maw AEI Jgrb basikm (Huly607: cmwgrbs)
Lgumjd cn AEI Jgrb Pilct8 Egy 6077
7 Lgj Rrgmsgjticms Eilastcma8 Huma 6076
7 Em Jgrbs Eilastcma8 Mcvaefar 6076
AEI Jgrb Maw Basikm Lgumjd8 Huly 607:
1 Lgj trgmsgjticms eilastcma8 Cjtcfar 607:
7.1 Em Jgrbs Balivarab Eilastcma8 Mcvaefar 607:
6..2 Lgj Rrgmsgjticms im simkla ecmtd 8 Cjt 6077
: Em Jgrbs Balivarab Eilastcma 8 Mcv 6072
71 lgj Rrgmsgjticms Eilastcma 8 Mcv 6072
7 Em Gjtiva jgrbs eilastcma jrcssab 8 Naf 6071
Nirst jc-frgmbab jgrb lgumjdab witd ihgy Zglas 8 Egy 6071
AEI Jgrb ranars tc Axistimk Eaefar Ibamtin ijgticm Jgrb.
Rda AEI jgrb jgm fa usab tc purjdgsa jcmsuear burgflas & li nastylaprcbujts, fy gvgilimk g lcgm nrce FNL witdcut gmy bcjueamts.
Justcears sieply dgva tc Zwipa & Zikm tc fuy usimk gm AEI jgrb.
Rctgl vcluea ncr 2,0>,;91
Gvargka lima gssikmab par AEI jgrb (Gecumt im Vs)8
Par issuab jgrb ;7,4>:
Par gjtiva jgrb ;:,264
Gjtivgt icm rgta cn balivarab AEI jgrbs8
0-> ECF- 7;%, 0-9 ECF 66%, 0-76 ECF - 6;%
Oay eilastcmas
0
700,000
600,000
:00,000
200,000
100,000
>00,000
;00,000
0
100
7,000
7,100
6,000
6,100
:,000
:,100
2,000
2,100
Jueulgtiva Balivarab (000) Jueulgtiva Rrgmsgjticm glua (Vs. Lgj)
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:>
GLE ZRVGRAKY
Lcgm Fcco (` Jrs) Fadgvicuri lisab GLE (` Jrs)
Fcrrcwimks (` 6>,>97 Jrs)Fcrrcwimks ` 64,1;9 Jrs)
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Jcmsuear Nimgmja
prcvisicm jcvargka
Jcmsuear Burgflas 8
:-1 Fujoat - ;1%
Gfcva 1 - 700%
6 gmb : [daalar 8
: 1 Fujoat :0%> - 76 Fujoat - >0%
Gfcva 76 - 700%
Parscmgl Lcgm Jrcss Zall 8
: - 1 Fujoat - 11%
Gfcva 1 - 700%
Zglgriab Parscmgl Lcgm 8
: - 1 Fujoat - ;0%
Gfcva 1 - 700%
ZEA Nimgmja
prcvisicm jcvargka
Dcea Lcgm / Lcgm gkgimst
Prcparty 8
2-1 Fujoat - 71%
> 76 Fujoat - 61%
7:-74 Fujoat 20%
74-62 Fujoat >0%Gfcva 62 - 700%
[croimk Jgpitgl Lcgms 8
:-1 Fujoat ;0%
Gfcva 1 700%
Lcgm gkgimst Zajuritias 8
Gfcva 1 - 700%
Jceearjigl Lambimk
prcvisicm jcvargka
Jcmstrujticm Aquipeamt
Nimgmja 8
2 -1 Fujoat - 71%
> - 9 Fujoat - :0%
70 - 76 Fujoat - >0%
Gfcva 76 - 700 %
Gutc Jcepcmamt Nimgmja 8
> 76 Fujoat 70%
76 74 Fujoat 60%
74 62 Fujoat :0%
Gfcva 62 700%
Krgbab prcvisicm cmsajurab pcrtnclic
0.61% (nrce NY7> 0.:0%)
Fghgh Nimgmja prcvisicmimk stgmbgrbs gra sufstgmtiglly strimkamt tdgm VFI mcres gpplijgfla ncr
MPG PVC IZICMIMK ZRGMBGVBZ