&ĂĐƵůƚĠĚĞƐ^ĐŝĞŶĐĞdĞĐŚŶŝƋƵĞƐ

^ĞƚƚĂƚ

ZŽƵƚĞƐDŽLJĞŶĚĞŽŵŵƵŶŝĐĂƚŝŽŶΘĚĞ
ĠǀĞůŽƉƉĞŵĞŶƚ

WĂƌDƌZĂĐŚŝĚKhz
 ŚĂƉŝƚƌĞ///͗
/ŶƐƚĂŶƚƐEĠĐĞƐƐĂŝƌĞƐăů͛ůĂďŽƌĂƚŝŽŶĚ͛ƵŶ
WƌŽũĞƚZŽƵƚŝĞƌ
 Instants nécessaires à l’élaboration d’un projet routier

¾ ŽŶŶĠĞƐƐƵƌůĞƚƌĂĨŝĐ͖
¾ ŽŶŶĠĞƐƚŽƉŽŐƌĂƉŚŝƋƵĞƐ͖
¾ ŽŶŶĠĞƐŐĠŽůŽŐŝƋƵĞƐĞƚŐĠŽƚĞĐŚŶŝƋƵĞƐ͖
¾ ŽŶŶĠĞƐŚLJĚƌŽůŽŐŝƋƵĞƐĞƚŚLJĚƌĂƵůŝƋƵĞƐ͖
¾ ŽŶŶĠĞƐĚƵĞů͛ĞŶǀŝƌŽŶŶĞŵĞŶƚ͖
¾ ŽŶŶĠĞƐƐƵƌůĞƐĐŽŶƚƌĂŝŶƚĞƐĚĞƌĠƐĞĂƵdž͖
¾ ĞƚĐ͘
 'RQQpHVVXUOHWUDILF

%XWGHO·pWXGHGX7UDILF

ϭͿĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞƐǀŽŝĞƐ͖
ϮͿĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞƐĐŚĂƵƐƐĠĞƐ͖
ϯͿĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞƐŝŶĨƌĂƐƚƌƵĐƚƵƌĞƐĚ͛ĞdžƉůŽŝƚĂƚŝŽŶ͖
 'RQQpHVVXUOHWUDILF

ϭͲ ĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞƐǀŽŝĞƐ͗
ŚŽŝdžĚƵƚƌĂĐĠƉĂƌƌĂƉƉŽƌƚĂƵdžĂŐŐůŽŵĠƌĂƚŝŽŶƐ;ŶĠĐĞƐƐŝƚĠŽƵŶŽŶ
Ě͛ƵŶĞĚĠǀŝĂƚŝŽŶͿ͖
EŽŵďƌĞĞƚƉŽƐŝƚŝŽŶĚĞƐĠĐŚĂŶŐĞƵƌƐ͖
ĐŚŽŝdžĚƵƚƌĂĐĠĞƉĂƌƌĂƉƉŽƌƚĂƵdžnjŽŶĞƐďąƚŝƐ͖
'ĠŽŵĠƚƌŝĞĚĞƐĐĂƌƌĞĨŽƵƌƐ͖
WƌŽĨŝůĞŶƚƌĂǀĞƌƐƚLJƉĞƐ;ŶŽŵďƌĞĚĞǀŽŝĞƐͿ͖

ϮͲ ĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞƐĐŚĂƵƐƐĠĞƐ
ŝŵĞŶƐŝŽŶŶĞŵĞŶƚĚĞƐĐŚĂƵƐƐĠĞƐĞŶĨŽŶĐƚŝŽŶĚĞƐƉŽŝĚƐůŽƵƌĚƐĐƵŵƵůĠƐ͖
>ĂƌŐĞƵƌƐĚĞƐĐŚĂƵƐƐĠĞƐ;ǀŽŝĞĐŝƌĐƵůĂďůĞ͕h͕dW͙Ϳ͖

ϯͲ ĂƌĂĐƚĠƌŝƐƚŝƋƵĞƐĚĞƐŝŶĨƌĂƐƚƌƵĐƚƵƌĞƐĚ͛ĞdžƉůŽŝƚĂƚŝŽŶ
^LJƐƚğŵĞĚĞƉĠĂŐĞ͖
EŽŵďƌĞĚĞǀŽŝĞƐĂƵŶŝǀĞĂƵĚĞƐŐĂƌĞƐĚĞƉĠĂŐĞ͖
 'RQQpHVVXUOHWUDILF

sŽĐĂďƵůĂŝƌĞ͗ĂŶƐůĞĚŽŵĂŝŶĞĚĞůΖĠƚƵĚĞĚĞƐƚƌĂĨŝĐƐ͕ŝůĞƐƚŶĠĐĞƐƐĂŝƌĞĚĞĨŝdžĞƌůĞƐ
ĚĠĨŝŶŝƚŝŽŶƐĚĞƐƚĞƌŵĞƐĐŽƵƌĂŵŵĞŶƚĞŵƉůŽLJĠƐ͗

dD:͗dƌĂĨŝĐŵŽLJĞŶũŽƵƌŶĂůŝĞƌĂŶŶƵĞůсĠŐĂůĂƵƚƌĂĨŝĐƚŽƚĂůĚĞůΖĂŶŶĠĞĚŝǀŝƐĠ
ƉĂƌϯϲϱ͖

dƌĂĨŝĐ;W>ͬs>Ϳ͗dƌĂĨŝĐ;WŽŝĚƐ>ŽƵƌĚƐͬsĠŚŝĐƵůĞ>ĠŐĞƌͿ͖

hsW͗hŶŝƚĠĚĞǀĠŚŝĐƵůĞƉĂƌƚŝĐƵůŝĞƌ;hsWW>сϮhsWs>ͿĞdžƉƌŝŵĠƉĂƌũŽƵƌŽƵƉĂƌ
ŚĞƵƌĞ͕ŽŶƚŝĞŶƚĐŽŵƉƚĞĚĞůΖŝŵƉĂĐƚƉůƵƐŝŵƉŽƌƚĂŶƚĚĞĐĞƌƚĂŝŶƐǀĠŚŝĐƵůĞƐ͕
ĞŶƉĂƌƚŝĐƵůŝĞƌůĞƐƉŽŝĚƐůŽƵƌĚƐĞŶůĞƵƌĂĨĨĞĐƚĂŶƚƵŶĐŽĞĨĨŝĐŝĞŶƚ
ŵƵůƚŝƉůŝĐĂƚĞƵƌĚĞĚĞƵdž͖

dƌĂĨŝĐŚĞƵƌĞĚĞƉŽŝŶƚĞƐ͗ŶŝğŵĞŚĞƵƌĞůĂƉůƵƐĐŚĂƌŐĠĞ͖ĞŶĚŝƐƚŝŶŐƵĞĞŶŐĠŶĠƌĂů
ĂǀĞĐůĞƐŚĞƵƌĞƐĚĞƉŽŝŶƚĞĚƵŵĂƚŝŶ,WD͕ĞƚůĞƐŚĞƵƌĞƐĚĞƉŽŝŶƚĞĚƵƐŽŝƌ,W^͖
 'RQQpHVVXUOHWUDILF

9RFDEXODLUH

7UDILFGHWUDQVLW2'RULJLQHHWGHVWLQDWLRQHQGHKRUVGHOD]RQHpWXGLpH
LPSRUWDQWSRXUGpFLGHUGHODQpFHVVLWpG
XQHGpYLDWLRQ

7UDILFG·pFKDQJHRULJLQHjO
LQWpULHXUGHOD]RQHpWXGLpHHWGHVWLQDWLRQj
O
H[WpULHXUGHOD]RQHG
pFKDQJHHWUpFLSURTXHPHQWLPSRUWDQW
SRXUGpILQLUOHVSRLQWVG
pFKDQJH

/HWUDILFMRXUQDOLHUGHILQGHVHPDLQH

/HWUDILFMRXUQDOLHUPR\HQG
pWpLPSRUWDQWSRXUOHVUpJLRQVHVWLYDOHV

&DSDFLWpGHVYRLHV7UDILFKRUDLUHDXGHOjGXTXHOOHULVTXHGHIRUPDWLRQ
GHERXFKRQVGHYLHQWWUqVpOHYp
 'RQQpHVVXUOHWUDILF

&DSDFLWpGHVYRLHV/DFDSDFLWpSUDWLTXHHVWOHGpELWKRUDLUHPR\HQj
VDWXUDWLRQ&
HVWOHWUDILFKRUDLUHDXGHOjGXTXHOOHSOXVSHWLWLQFLGHQWULVTXH
G
HQWUDvQHUODIRUPDWLRQGHERXFKRQV

/DFDSDFLWpGpSHQG
² 'HVGLVWDQFHVGHVpFXULWpHQPLOLHXXUEDLQFHIDFWHXUHVWIDYRUDEOHLOO
HVW
EHDXFRXSPRLQVHQUDVHFDPSDJQHRODGHQVLWpGHYpKLFXOHVVHUD
EHDXFRXSSOXVIDLEOH
² 'HVFRQGLWLRQVPpWpRURORJLTXHV
² 'HVFDUDFWpULVWLTXHVJpRPpWULTXHVGHODURXWH
 9LWHVVHGHVYpKLFXOHV

2QSHXWGpILQLUOHGpELWKRUDLUHPR\HQGHSRLQWHHQIRQFWLRQGHO
KLVWRULTXH
DQQXHOGHVWUDILFV,ODSSDUDvWDLQVLTX
HQFODVVDQWSDURUGUHGpFURLVVDQWOHV
GpELWVKRUDLUHVVXUXQHDQQpHODFRXUEHSUpVHQWHODIRUPHG
XQHIRQFWLRQ
GXW\SH[
 'RQQpHVVXUOHWUDILF

&DSDFLWpVSUDWLTXHVGHURXWH
6HXLOGHVDWXUDWLRQ
YRLHV893MRXU
YRLHV893MRXU
ðYRLHV893MRXU
ðYRLHV893MRXU
&HVYDOHXUVVRQWYDODEOHVSRXUGHVVHFWLRQVHQUDVHFDPSDJQHKRUV]RQHV
GHFDUUHIRXUHWSRXUGHVUpJLRQVUHODWLYHPHQWSODWHV

6HXLOGHJqQH
6HXLOGHJqQH jGXVHXLOGHVDWXUDWLRQ
YRLHV893MRXU
YRLHV893MRXU
ðYRLHV893MRXU
ðYRLHV893MRXU
 'RQQpHVVXUOHWUDILF

([HPSOHG·DSSOLFDWLRQ

6XUO·DXWRURXWH$7UDQVLWHjODPLVHHQVHUYLFHXQ70-$GHYpKMFH
WUDILFGHYUDrWUHFRQWU{OpSDUXQHEDUULqUHGHSpDJHGRQWODFDSDFLWpGHV
YRLHVHVWGHYpKK

4XHOHVWOHQRPEUHGHYRLHVQpFHVVDLUHSRXUFHWWHJDUHGHSpDJHVDFKDQW
TXHOHGLPHQVLRQQHPHQWVHIDLWSRXUXQHGXUpHGHDQVDSUqVODPLVHHQ
VHUYLFHWSRXUXQWUDILFGHSRLQWHpJDOHjFHOXLGHODLqPKHXUHGH
SRLQWH"

'RQQp2QFRQVLGqUHTXHOHWDX[GHFURLVVDQFHDQQXHOGXWUDILFHVWGH
/DWUHQWLqPHKHXUHGHSRLQWHVXUXQLWLQpUDLUHSDUDOOqOHHVW9pKSRXUXQ
70-$GH893M
 'RQQpHVVXUOHWUDILF

džĞŵƉůĞĚ͛ĂƉƉůŝĐĂƚŝŽŶ͗^ŽůƵƚŝŽŶ͗
,ĞƵƌĞĚĞƉŽŝŶƚĞ
/·KHXUHGHSRLQWHHVWpJDOHjODLqPHKHXUHODSOXVFKDUJpHRQWROqUH
TXHFHWUDILFKRUDLUHVRLWGpSDVVpIRLVSHQGDQWO·DQQpH

ZĂƉƉŽƌƚŚĞƵƌĞĚĞƉŽŝŶƚĞͬdD:
/HWUDILFGHO·KHXUHGHSRLQWHHVWUDSSRUWpDX70-$ODWUHQWLqPHKHXUHGH
SRLQWHVXUXQLWLQpUDLUHSDUDOOqOHHVWG·HQYLURQOH9pKSRXUXQ70-$GH

$  

,ĞƵƌĞĚĞƉŽŝŶƚĞăDŝƐĞĞŶƐĞƌǀŝĐĞнϭϬĂŶƐ
7UDILFKHXUHGHSRLQWH   A 9K

EŽŵďƌĞĚĞǀŽŝĞƐ
1RPEUHGHYRLHV  VRLWYRLHV
 'RQQpHVVXUOHWUDILF

)LQDOLWpVGHO·pWXGHGHWUDILF
 'pWHUPLQDWLRQGXWUDILFVGHWUDQVLWORUVTX
LOV
DJLUDG
DSSUpFLHU

O
RSSRUWXQLWpG
XQHGpYLDWLRQG
DJJORPpUDWLRQ

 /DQDWXUHGHVIOX[G·pFKDQJHVSRXUGpWHUPLQHUOHVSRLQWVG
pFKDQJH

 /HQLYHDXGHVWUDILFVHWOHXUpYROXWLRQSRXUSURJUDPPHUGDQVOHWHPSVOHV
LQYHVWLVVHPHQWV

 /HVPRXYHPHQWVGLUHFWLRQQHOVSHUPHWWHQWGHGpILQLUOHVFDUDFWpULVWLTXHV
GHVpFKDQJHV

 /HQLYHDXGHWUDILFSRLGVORXUGVGpWHUPLQHGLUHFWHPHQWOH
GLPHQVLRQQHPHQWGHODVWUXFWXUHGHFKDXVVpH
 'RQQpHVVXUOHWUDILF

(WDSHVG·XQHpWXGHGHWUDILF

8QHpWXGHGHWUDILFVHPqQHHQJpQpUDOHQFLQTpWDSHV
 'pILQLWLRQGXUpVHDX
 $QDO\VHGHVWUDILFVH[LVWDQWV
 'pWHUPLQDWLRQGHVFRQGLWLRQVGHFLUFXODWLRQ
 (YDOXDWLRQGHO
pYROXWLRQGHVWUDILFV
 $IIHFWDWLRQGHVWUDILFV
 'RQQpHVVXUOHWUDILF

 'pILQLWLRQGXUpVHDXjpWXGLHU
/HUpVHDXjpWXGLHUHVWFRQVWLWXpGHO
HQVHPEOHGHVWURQoRQVGHURXWHH[LVWDQWV
RXSURMHWpVSRXUOHVTXHOVO
XQHRXO
DXWUHGHVVROXWLRQVHQYLVDJpHVGDQVOH
FDGUHGXSURMHWHVWVXVFHSWLEOHG
H[HUFHUXQHLQIOXHQFHHQWHUPHVGHWUDILF
2QSURFqGHjO
LQYHQWDLUHGHVIOX[GHWUDILFFRQFHUQpVGLUHFWHPHQWRX
LQGLUHFWHPHQWHWWRXWLWLQpUDLUHVXVFHSWLEOHG
rWUHHPSUXQWpSDUO
XQG
HX[
IHUDSDUWLHGXUpVHDX

/HGpFRXSDJH
2QSURFqGHDXGpFRXSDJHJpRJUDSKLTXHHQ]RQHV&HV]RQHV
FRUUHVSRQGHQWjGHVIOX[GHGpSODFHPHQW/HXUGpWHUPLQDWLRQSHUPHW
O
pWDEOLVVHPHQWGHODPDWULFHRULJLQHGHVWLQDWLRQ8QH]RQHJpRJUDSKLTXH
FRUUHVSRQGjXQHQVHPEOHJpQpUDWHXURXUpFHSWHXUGHWUDILFKRPRJqQH

/HV]RQHVLVVXHVGXGpFRXSDJHVRQWFKRLVLHVGHWHOOHVRUWHTXHOHVXVDJHUVVH
UHQGDQWG
XQH]RQHjXQHDXWUHRQWHWDXURQWOHFKRL[HQWUHOHVPrPHV
LWLQpUDLUHV
 'RQQpHVVXUOHWUDILF

/HGpFRXSDJH

3RXUOHV]RQHVH[WpULHXUHVjO
DLUHG
pWXGHRQSRXUUDHQJpQpUDOOHVUHJURXSHU
SDUHQWUpHVHWVRUWLHV/HGpFRXSDJHWLHQGUDFRPSWHGHVVSpFLILFLWpVGHV
JpQpUDWHXUVSRQFWXHOVGHWUDILFpFROHV]RQHVLQGXVWULHOOHVFHQWUHV
FRPPHUFLDX[/HV]RQHVVRQWGRQFLGHQWLILpHVSRXUOHXUU{OHSULQFLSDO
KDELWDWDFWLYLWpVpFRQRPLTXHVFRPPHUFLDOHVFHQWUHYLOOHK\SHUFHQWUH

 'RQQpHVVXUOHWUDILF

/HVFDUDFWpULVWLTXHVGXUpVHDX
7RXVOHVpOpPHQWVFRPSRVDQWVOHUpVHDXHWOD]RQHG
pWXGHVRQWUHOHYpV
² OHVFDUDFWpULVWLTXHVGHVYRLHVFRQFHUQpHV
² ODYLVLELOLWpVXUFKDTXHWURQoRQ
² OHVFDUDFWpULVWLTXHVGXSURILOHQORQJOHFDVpFKpDQW
² OHVOLPLWDWLRQVGHYLWHVVH
² OHVFDUUHIRXUVDYHFOHXUUpJLPHGHSULRULWpOHVSRLQWVGXUVJpQpUDWHXUV
GHUDOHQWLVVHPHQW

/DPHVXUHGHVWUDILFV
&HWWHPHVXUHHVWUpDOLVpHSDUGLIIpUHQWVSURFpGpVFRPSOpPHQWDLUHV
² &RPSWDJHVPDQXHOVVHW\SHGHFRPSWDJHVHIDLWPDQXHOOHPHQWHWLO
SHUPHWGHUHOHYHUDXVVLELHQTXHOHQRPEUHGHVYpKLFXOHVTXHVHV
FDUDFWpULVWLTXHVOHVVLOKRXHWWHVGHVYpK,OSHUPHWHQRXWUHGLUHFWHPHQWGH
VDYRLUTXHOHWUDILFHVWpTXLOLEUpGDQVOHVGHX[VHQVGHFLUFXODWLRQRXQRQ,O
HIIHFWXpSDUUHOHYpVXUGHVSpULRGHVUHSUpVHQWDWLYHV
 'RQQpHVVXUOHWUDILF

/DPHVXUHGHVWUDILFV
² &RPSWDJHVDXWRPDWLTXHV
D 'LVSRVLWLISQHXPDWLTXHFRQVLVWHjSODFHUVXUODURXHXQWX\DXHQ
FDRXWFKRXFUHOLpjXQV\VWqPHGHFRPSWDJH&KDTXHSHVDJHG·HVVLHX
FUpHXQHSUHVVLRQTXLLQVFULWXQHLPSXOVLRQ/DVRPPHGHVLPSXOVLRQV
GLYLVpHSDUGHXVGRQQHOHQRPEUHGHYpKLFXOHVXUODGLWHURXWHGXUDQWOD
SpULRGHFRQFHUQpH$EDQGRQQpDFWXHOOHPHQWDX0DURF
 'RQQpHVVXUOHWUDILF

/DPHVXUHGHVWUDILFV

² &RPSWDJHVDXWRPDWLTXHV
E'LVSRVLWLIjERXFOHVHFRPSRVHG·XQHERXFOHPDJQpWLTXHQR\pHGDQVOD
FKDXVVpH/DERXFOHFRQVWLWXHODVHOIG·XQRVFLOODWHXU/HSDVVDJHG·XQ
YpKLFXOHFRUUHVSRQGDXSHVDJHG·XQHPDVVHPDJQpWLTXHTXLFUpHXQ
FRXUDQWLQGXLWLQVFULYDQWXQHLPSXOVLRQ

F 'LVSRVLWLIjFkEOHSLp]RPpWULTXHXWLOLVHFRPPHFDSWHXUXQFkEOH
SLp]RpOHFWULTXHTXLDODSURSULpWpGHJpQpUHUXQHGGSSURSRUWLRQQHOOHjOD
SUHVVLRQTXLOXLHVWDSSOLTXpH&HGLVSRVLWLISHUPHWOHFRPSWDJHGHV
YpKLFXOHVHWOHXUFODVVLILFDWLRQ
 'RQQpHVVXUOHWUDILF

&HVGHX[W\SHVSHUPHWWHQWGHPHVXUHUOHWUDILFVXUXQWURQoRQ

² /HVHQTXrWHVGHW\SHFRUGRQTXLSHUPHWWHQWGHGLVWLQJXHUOHVWUDILFVGH
WUDQVLWGHVWUDILFVORFDX[HWOHVRULJLQHVHWGHVWLQDWLRQVGHFKDTXHIOX[

 (QTXrWHVURXWLqUHVVWUXFWXUHGHIOX[2'PRWLIDXWRPRELOLVWHV«

 (QTXrWHVVXUOHVDXWUHVPRGHVGHWUDQVSRUWIHUURYLDLUHPDULWLPHHW
DpULHQ

 (QTXrWHVTXDOLWDWLYHV(OOHVSHUPHWWHQWGHFRQQDvWUHO
DSSUpFLDWLRQGH
O
XVDJHUSDUUDSSRUWDXUpVHDXOHVUDLVRQVGHVRQGpSODFHPHQW/HV
UHOHYpVGHSODTXHPLQpUDORJLTXH (WDEOLVVHPHQWGHODPDWULFH2'jOD
GDWHG·pWDEOLVVHPHQWGHO·HQTXrWH

 (YROXWLRQGXWUDILFGXUDQWOHVGHUQLqUHVDQQpHV
 'RQQpHVVXUOHWUDILF

$O
LVVXHGHFHVFRPSWDJHVOHWUDILFHVWPRGpOLVp/HUpVHDXURXWLHUFRQVWLWXH
DORUVXQJUDSKHPDWKpPDWLTXHFRPSRVpG
DUFVWURQoRQVGHYRLULHHWGH
VRPPHWVOHVFDUUHIRXUVHWOHVpFKDQJHXUV8QHIRLVLGHQWLILpVOHVLWLQpUDLUHV
SRVVLEOHVODSKDVHODSOXVGpOLFDWHHVWGHGpWHUPLQHUO
LWLQpUDLUHSULQFLSDO
SRXUFKDTXHpFKDQJHHQWUH]RQHV

2QHVWLPHSRXUVHIDLUHTXHO
XVDJHUIDLWVRQFKRL[GHIDoRQj
PLQLPLVHUOHFR€WGXWUDMHW

&KDTXHWURQoRQHVWpYDOXpHQWHUPHGHWHPSVGHSDUFRXUVTX
LOV
DJLVVHGHV
]RQHVLQWHUQHVDXSpULPqWUHG
pWXGHRXHQWUHOHVSRLQWVG
HQWUpHHWGHVRUWLH
GHFHSpULPqWUHSRXUOHVWUDILFVGHWUDQVLW
 'RQQpHVVXUOHWUDILF

² /
DQDO\VHGHVWUDILFVH[LVWDQWV

8QHIRLVOHVWUDILFVFRQQXVRQpWXGLHUDSRXUFKDTXHWURQoRQOHVFRQVpTXHQFHV
GHO
DXJPHQWDWLRQGHWUDILFVXUOHVGpELWVHWVXUOHVGXUpHVGHSDUFRXUV

6RQWpYDOXpHVHQVXLWHOHVFRQVpTXHQFHVGHVROXWLRQG
DPpQDJHPHQWTX
LO
V
DJLVVHGHQRXYHOOHVLQIUDVWUXFWXUHVRXGHGpYHORSSHPHQWGH]RQHV
XUEDLQHVRXG
DFWLYLWpV

(WDEOLVVHPHQWGHVPDWULFHV2'jGLIIpUHQWVKRUL]RQVPLVHHQVHUYLFH
PLVHHQVHUYLFHDQV
0LVHHQVHUYLFHDQV
HWF«

,OHVWDXVVLLPSRUWDQWGHSUHQGUHHQFRPSWHGHVIDFWHXUVH[WHUQHVSRXYDQW
LPSDFWHUFHWWHpYROXWLRQFRQVWUXFWLRQG
XQHDXWRURXWHG
XQHOLJQHGH
FKHPLQGHIHUjJUDQGHYLWHVVH
 'RQQpHVVXUOHWUDILF

² /DGpWHUPLQDWLRQGHVFRQGLWLRQVGHFLUFXODWLRQ

/DUpSDUWLWLRQGHVWUDILFVVXUGLIIpUHQWVLWLQpUDLUHVGpSHQGGHVFRQGLWLRQVGH
FLUFXODWLRQ

&HWDVSHFWVHWUDGXLW
 3RXUO
XVDJHUHQWHUPHGHFRQIRUWIOXLGLWpGHFLUFXODWLRQVpFXULWp
pFRQRPLTXHWHPSVGHSDUFRXUVFRQVRPPDWLRQ
 3RXUODFROOHFWLYLWpHQWHUPHpFRQRPLTXHFR€WGHVDFFLGHQWV
FRQVRPPDWLRQSROOXWLRQWHPSVSHUGX

/DGXUpHGXWUDMHWHVWXQpOpPHQWHVVHQWLHOSRXUO
XVDJHUDLQVLHOOHGRLWrWUH
PHVXUpHSRXUFKDTXHFLUFXLWSRVVLEOH/DUpJXODULWpGHFHVGXUpHVGRLWDXVVL
rWUHPHVXUpHHOOHDDXVVLXQHLQFLGHQFHVXUOHFRPSRUWHPHQWGHO
XVDJHU
 'RQQpHVVXUOHWUDILF

/DOLEHUWpGHFLUFXODWLRQV
DSSUpFLHSDUO
pYDOXDWLRQGXWHPSVSDVVpHQSHORWRQ
YpKLFXOHVSDVVpVHQILOHO
XQGHUULqUHO
DXWUH2QGLVWLQJXHDORUVSOXVLHXUV
VHXLOV
² OHVHXLOGHJqQHQRWDEOHGXWHPSVSDVVpHQSHORWRQ
² OHVHXLOGHFLUFXODWLRQGHQVHGXWHPSVSDVVpHQSHORWRQ
² OHVHXLOGHULVTXHGHFRQJHVWLRQGXWHPSVSDVVpHQSHORWRQ
GHVULVTXHVGHFRQJHVWLRQDSSDUDLVVHQW

7HPSVG·DWWHQWHHWORQJXHXUGHILOHVG·DWWHQWHV
,OHVWDORUVWUqVLPSRUWDQWGHPHVXUHUSRXUFKDTXHSDUFRXUVOHVWHPSVG
DWWHQWH
jFKDTXHFDUUHIRXUOHVORQJXHXUVGHILOHVG
DWWHQWHHWG
pYDOXHUSRXU
FKDTXHVFpQDULRSRVVLEOHO
LQFLGHQFHGHO
DXJPHQWDWLRQGXWUDILF
 'RQQpHVVXUOHWUDILF

(VWLPDWLRQGHVpYROXWLRQGXWUDILF
(YROXWLRQGXWUDILF IGHPDQGHGHWUDQVSRUWGpYHORSSHPHQWGHOD]RQH
HWF«
'HPDQGHGHWUDQVSRUW ISDUFDXWRFDUEXUDQWFURLVVDQFHGpPRJUDSKLTXH
UHYHQXGHVPpQDJHHWF«

([HPSOH2QSUHQGOHFDVGHOD)UDQFH
8QHpWXGHDpWpPHQpHSRXUGpWHUPLQHUOHVFRQGLWLRQVGHFLUFXODWLRQj
O
KRUL]RQ
&HWWHHQTXrWHDSULVHQFRPSWHOHSDUFDXWRPRELOHGHVPpQDJHVOHXU
UHYHQXPR\HQOHWDX[GHPRWRULVDWLRQO
pYROXWLRQSUpYLVLEOHGXSUL[GHV
FDUEXUDQWVODORQJXHXUGXUpVHDXDXWRURXWLHU

&RQFOXVLRQ$XJPHQWDWLRQFRQWLQXHGXWUDILFMXVTX
jFHWKRUL]RQVDQV
VDWXUDWLRQGXSDUF
 'RQQpHVVXUOHWUDILF

8QHLQVWUXFWLRQPLQLVWpULHOOHSUpFLVHODPpWKRGHG
pYDOXDWLRQGHO
HIIHWGHOD
FRQVWUXFWLRQG
LQIUDVWUXFWXUHURXWLqUHHQUDVHFDPSDJQH

+\SRWKqVHVFRXUDPPHQWUHWHQXHVVXUUpVHDXURXWLHUSULQFLSDO
² OLQpDLUHMXVTX
HQ
² OLQpDLUHDXGHOjGH

+\SRWKqVHVFRXUDPPHQWUHWHQXHVVXUUpVHDXDXWRURXWLHU
² OLQpDLUHGHj
² DXGHOjGH

$LQVLHQO
DEVHQFHGHGRQQpHSOXVSUpFLVHLOHVWDGPLVVXUOHUpVHDXSULQFLSDO
G
XWLOLVHUODIRUPXOHVXLYDQWHSRXUGpWHUPLQHUOHWUDILFjO
DQQpHQ

WUDILFjO
DQQpHQ WUDILFjO
DQQpH[AQ
 'RQQpHVVXUOHWUDILF

ƐƚŝŵĂƚŝŽŶĚĞƐƚƌĂĨŝĐƐ

>ĞƚƌĂĨŝĐŝŶĚƵŝƚ͗
^ƵƉƉůĠŵĞŶƚĚĞƚƌĂĨŝĐƌŽƵƚŝĞƌĞŶŐĞŶĚƌĠƉĂƌů͛ĂŵĠůŝŽƌĂƚŝŽŶĚĞů͛ŽĨĨƌĞĚĞƚƌĂŶƐƉŽƌƚ;ĚĞ
ů͛ŽƌĚƌĞĚĞϴăϭϮйͿ

>ĞďƵŝůĚŝŶŐƵƉ
DŽŶƚĠĞĞŶĐŚĂƌŐĞĚƵƚƌĂĨŝĐƉĞŶĚĂŶƚůĞƐƉƌĞŵŝğƌĞƐĂŶŶĠĞƐ;ĚĞů͛ŽƌĚƌĞĚĞϱйͿ
͘
'RQQpHVVXUOHWUDILF
 'RQQpHVVXUOHWUDILF

² /
DIIHFWDWLRQGHVWUDILFV

$IIHFWHUOHWUDILFHQWUHSRLQWVFRQVLVWHjUpSDUWLUOHVFRXUDQWVGHFLUFXODWLRQ
VXUOHVLWLQpUDLUHVSDUDOOqOHVHWFRQFXUUHQWVHQWUHFHVGHX[SRLQWV'DQV
OHFDVG
LWLQpUDLUHVH[LVWDQWVHQWUHYLOOHVSDUH[HPSOHO
DIIHFWDWLRQ
SHUPHWGHUHFRQVWLWXHUODVLWXDWLRQDFWXHOOHHWGHFDOHUOHPRGqOH
G
DIIHFWDWLRQXWLOLVp

&HWWHPpWKRGHHVWVXUWRXWHIILFDFHSRXUXQWUDFpQHXIGRXEODQWXQRX
SOXVLHXUVLWLQpUDLUHH[LVWDQWV(OOHRIIULUDO
RFFDVLRQG
pYDOXHU
O
LQWpUrWGHO
DPpQDJHPHQWVHORQOHVYDULDQWHVGHWUDFpDLQVLTXH OHV
W\SHVHWOHQRPEUHGHUDFFRUGHPHQWVDYHFOHUpVHDX URXWLHU
H[LVWDQW

(QPDWLqUHG
DIIHFWDWLRQRQVHOLPLWHDXVHXOPRGHGHWUDQVSRUW
URXWLHU/DUpSDUWLWLRQHQWUHOHVGLIIpUHQWVPRGHVGHWUDQVSRUWIDLWO
REMHW
G
DXWUHVUqJOHVHWG
DXWUHVPRGqOHV
 'RQQpHVVXUOHWUDILF

>ΖĂĨĨĞĐƚĂƚŝŽŶƉƌĞŶĚĞŶĐŽŵƉƚĞƵŶĞĚŝŵĞŶƐŝŽŶĠĐŽŶŽŵŝƋƵĞ͗ĐŚĂƋƵĞŝƚŝŶĠƌĂŝƌĞĞƐƚĠǀĂůƵĠĞŶ
ƚĞƌŵĞƐĚĞĐŽƸƚƉŽƵƌůΖƵƐĂŐĞƌ͘hŶĞƌğŐůĞĚĠĨŝŶŝƚůĞůŝĞŶĞŶƚƌĞĐŽƸƚĞƚƚƌĂĨŝĐ͗

ĨĨĞĐƚĂƚŝŽŶƌŽƵƚĞͬŶŽƵǀĞůŝƚŝŶĠƌĂŝƌĞ;ůŽŝĚ͛ďƌĂŚĂŵͿ
dϭͬdϮс;ϮͬϭͿΔϭϬ
dϭ͗dƌĂĨŝĐƐƵƌů͛ŝƚŝŶĠƌĂŝƌĞϭ
dϮ͗dƌĂĨŝĐƐƵƌů͛ŝƚŝŶĠƌĂŝƌĞϮ
ϭ͗ĐŽƸƚŐĠŶĠƌĂůŝƐĠĚĞƚƌĂŶƐƉŽƌƚ͕ƉĞƌĕƵƉĂƌůĞĐŽŶĚƵĐƚĞƵƌƐƵƌů͛ŝƚŝŶĠƌĂŝƌĞϭ
Ϯ͗ĐŽƸƚŐĠŶĠƌĂůŝƐĠĚĞƚƌĂŶƐƉŽƌƚ͕ƉĞƌĕƵƉĂƌůĞĐŽŶĚƵĐƚĞƵƌƐƵƌů͛ŝƚŝŶĠƌĂŝƌĞϮ

hŶĨĂŝďůĞĠĐĂƌƚƐƵƌůĞƐĐŽƸƚƐĚĞĐŝƌĐƵůĂƚŝŽŶƐĞƚƌĂĚƵŝƚƉĂƌƵŶĞĨŽƌƚĞƌĠƉĞƌĐƵƐƐŝŽŶƐƵƌůĞƐƚƌĂĨŝĐƐ͘
ŶĨĂŝƚ͕ƐŝůΖĠĐĂƌƚĚĞƚƌĂĨŝĐĞƐƚŝŵƉŽƌƚĂŶƚ͕ůΖŝƚŝŶĠƌĂŝƌĞůĞƉůƵƐĐŚĂƌŐĠƌŝƐƋƵĞĚĞĚĞǀĞŶŝƌůĞ
ŵŽŝŶƐĂƚƚƌĂĐƚŝĨĂƵƉƌŽĨŝƚĚĞůΖŝƚŝŶĠƌĂŝƌĞůĞŵŽŝŶƐĐŚĂƌŐĠ͘

ĞƚƚĞŵŽĚĠůŝƐĂƚŝŽŶĞƐƚƵƚŝůŝƐĠĞƉŽƵƌůĞƐĠƚƵĚĞƐĠĐŽŶŽŵŝƋƵĞƐůŝĠĞƐăůĂĐŽŶƐƚƌƵĐƚŝŽŶĚΖƵŶĞ
ŝŶĨƌĂƐƚƌƵĐƚƵƌĞƌŽƵƚŝğƌĞ͘
 'RQQpHVVXUOHWUDILF

ŽƸƚŐĠŶĠƌĂůŝƐĠĚĞƚƌĂŶƐƉŽƌƚ͗ĚĠƚĞƌŵŝŶĠƉĂƌůĂĨŽƌŵƵůĞƐƵŝǀĂŶƚĞ͗
сĂdžůнďdžƚнW
Ă͗ĐŽƸƚŬŝůŽŵĠƚƌŝƋƵĞƉĞƌĕƵĚ͛ƵƐĂŐĞĚƵǀĠŚŝĐƵůĞ
ů͗ůŽŶŐƵĞƵƌĚƵƉĂƌĐŽƵƌƐ
ď͗ǀĂůĞƵƌƉĞƌĕƵĞĚƵƚĞŵƉƐ͕ƌĠǀĠůĠĞƉĂƌůĞĐŽŵƉŽƌƚĞŵĞŶƚĚĞƐƵƐĂŐĞƐ
ƚ͗ƚĞŵƉƐĚĞƉĂƌĐŽƵƌƐ
W͗ŵŽŶƚĂŶƚĚƵƉĠĂŐĞ

sĂůĞƵƌĚƵĐŽƸƚŬŝůŽŵĠƚƌŝƋƵĞĚ͛ƵƐĂŐĞĚĞƐǀĠŚŝĐƵůĞƐ;ĂͿ
ƐƚŝŵĂƚŝŽŶĚƵĐŽƸƚƉĞƌĕƵĚĞĐŚĂƋƵĞĐĂƚĠŐŽƌŝĞĚĞǀĠŚŝĐƵůĞĞŶ,ϮϬϬϴ;ϭͿ

ĂƚĠŐŽƌŝĞĚƵǀĠŚŝĐƵůĞ ŽŶƐŽŵŵĂƚŝŽŶŵŽLJ ϭϬϬŬŵ ŽƸƚŬŵĞŶĐĂƌďƵƌĂŶƚ ŽƸƚƉĞƌĕƵĚ͛ƵƐĂŐĞͬŬŵ;ĂͿ

sĠŚŝĐƵůĞůĠŐĞƌ ϵů ϭ͕ϬϮ ϭ͕ϭϮ

ĂŵŝŽŶчϴ;W>ϭͿ Ϯϱů ϭ͕ϴϯ Ϯ͕Ϭϭ
ĂŵŝŽŶхϴd;W>ϮͿ ϯϱů Ϯ͕ϱϲ Ϯ͕ϴϭ

;ϭͿ͗ƉƌŝdžŐĂƐŽŝů͗ϳ͕ϯ,ͬůĞƚĞƐƐĞŶĐĞ͗ϭϭ͕ϯ,ͬů
 'RQQpHVVXUOHWUDILF

9DOHXUSHUoXHGXWHPSHE
3RXUXQYpKLFXOHOpJHUE'+KDX0DURFHQ'+
3RXUXQFDPLRQGHHVVLHX[&((9/ 
3RXUXQFDPLRQGHSOXVGHHVVLHX[&((9/ 
 'RQQpHVVXUOHWUDILF

([HPSOHG·$SSOLFDWLRQ

6XUXQLWLQpUDLUH$LQWHUGLWDX3/OH70-$DFWXHOHVWGH9pKM
FRQVWDWDQWGHVSUREOqPHVGHVDWXUDWLRQOD'5DGpFLGpGHSUpYRLUXQH
DXWRURXWHSDUDOOqOHjFHWD[HGpGLpHH[FOXVLYHPHQWDX9/

&HWWHDXWRURXWHHVWVXSSRVpHrWUHPLVHHQVHUYLFHGDQVDQV/HWDX[
G·pYROXWLRQGHWUDILFHVWGHG·DSUqVOHVpWXGHGHWUDILFUpDOLVpHV

(QDSSOLTXDQWODORLG·DIIHFWDWLRQORLG·$EUDKDPHWHQQpJOLJHDQWOHEXLOG

XSHWOHWUDILFLQGXLWTXHOHVWOHWUDILFDWWHQGXjODPLVHHQVHUYLFHVXU
O·DXWRURXWHHWVXUO·LWLQpUDLUH$"

'RQQpHV
,WLQpUDLUH$ORQJXHXU.PWHPSVGHSDUFRXUVKHXUHV
$XWRURXWHORQJXHXU.PWHPSVGHSDUFRXUVKHXUHVSpDJH 
'+