Магистральная презентация, подготовленная The Boston Consulting Group для определения стратегических векторов развития отечественного автопрома до 2020 года. Обращаем внимание на то, что в ландшафте автомобильной индустрии отмечена важность развития послепродажного обслуживания продаваемой продукции.

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 10

12. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 11

13. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 12

14. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 13

15. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 14

16. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 15

17. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 16

18. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 17

19. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
K#280%,# &%(0-01')': ?#)#%,- 1<$#( .?#+&"'' 8"<>+020
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I2+. QW! 0 /"%#-$%+#0$
J+#25-&)&: K">"*, L"*, ?2''$%+; Global Insight; !2,$'1 %(-)" BCG; A-"'&* BCG J-2+#%"--($ OEM
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 18

20. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
5?#+&"'' "&3)'4&G(./ +#01I0$'-,- $)/ $0.('6#+'/
?#)#%,I 01F#-0% <.')'/-, ' .0><(.(%<G='- '3$#"68&-
M)G4#%,# 1 2 3
>&"&-#(", ;#8<=': %#8(0" !&"(+#".(%0 M"<>+,: 98.>0"(#"
M0)'4#.(%0 "0..':.8'I
1-3 2-3 1-2 + -&E$0($
'2"080%
W"0%#+* .0("<$+'4#.(%&
?42%)" /2 )2-#%")#7 C"%#-$%+#02, IP R&;$-*&%20"-&$ IP
. 2)01&)*+,-' OEM
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0 2-3 4-5
# >)&(N0"-
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2-3 10-14 16-20
# -0$#)#:
E1F#- >"0'3%0$.(%& /
1.9 >'-. / 28.5 3.15 >'-. / 47.25 4 >'-. / 60
%,"<48& 2020 (€ -)"$)
P#01I0$'-,#
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1,2 2,4
OEM 7+#. >2B-2+#$3 L2+.6"%"-#&&
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C%8>2$ 62+.
PT 920($ >2B-2+#& 0,0 G&-"-+&%20"-&$ 1,2 2,4
5,6 9,2
OES 920($ >2B-2+#& 1.6
9JQKI /'"#G2%>, 9,0 4,4 9,7 7,6 6,3
0,6
R&D >2,$'$3
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L2+7,"%+#02 25% 50% 75% 25%
J+#25-&)
50%
G&-"-+. K2>/"-&& 75%
0 10 20 30 40 0 10 20 30 40
0 10 20 30 40
Q+%#.('?''
A,"<48& 2010-2020 1.3% 3.7% 5%
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 19

21. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
KML: ?#)#%,- 1<$#( .?#+&"'' 8"<>+020 98.>0"(#"&, 8
80(0"0-< +<6+0 >"0:(' 4#"#3 >&"(+#".(%0
1 2 4
5("<8(<"& @,+8& !&"(+#".(%0 M"<>+,: 98.>0"(#"
;#8<=': %#8(0"
1 <-7#%$--&3 %(-2) 350K 350K 350K
175M 70K 70K
2 J>/2%# (50%) (~20%) (~20%)
<-7#%$--$$
3 185K 330K 430K
/%2&*02,+#02
10K 50K 1.50K
4 P)+/2%# (~5%) (15%) (~35%)
I"+/%$,$'$-&$ 0-7#%. 55K 130K 305K 25K 410K 20K
5 30% 70% 93% 7% 95% 5%
/%2&*02,+#0"
6 I"+/%$,$'$-&$ ... ...
'2)"'1-(= OEM
7 I"+/%$,$'$-&$ &-2+#%. ... ... ...
'2)"'&*20"--(= OEM
8 I"+/%$,$'$-&$ M)+/2%#"
?22#0$#+#0&$ !
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B !
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75"+#-&)20
I2++&3+)&$ -$*"0&+&>($ QW!
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J+#25-&)&: K">"*, L"*, ?2''$%+; Global Insight; P)+/$%#-"8 L%7//"; A-"'&* BCG J-2+#%"--($ OEM
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 20

22. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
5?#+&"'' "&3)'4&G(./ +#01I0$'-,- $)/ $0.('6#+'/
?#)#%,I 01F#-0% <.')'/-, ' .0><(.(%<G='- '3$#"68&-
M)G4#%,#
>&"&-#(", 1 ;#8<=': %#8(0" 2 !&"(+#".(%0 3 M"<>+,: 98.>0"(#"
M0)-%0 "0..':.8'I
-$+)2'1)2 -$+)2'1)2 2
'2"080%
W"0%#+* .0("<$+'4#.(%& +42%)" /2 )2-#%")#7 /"%#-$%+#02 IP IP
. 2)01&)*+,-' OEM
K08&)*+,# OEM
0 4 /2 '&;$-*&& 2 +24+#0. + 2 /2 '&;$-*&&
# >)&(N0"-
K08&)*+,# OEM
# -0$#)#:2
~ ~ ~
E1F#- >"0'3%0$.(%& /
185K / 3.7 330K / 6.6 430K / 8.6
%,"<48& 2020 (€ -)"$.)1
P#01I0$'-,#
'+%#.('?'', € -)"$.
!2,$%-&*";&8 R&D *" %74$F2>
0,3 0,5 0,5
7+#. >2B-2+#$3 C"%#-$%(
OEM :2/2'-&#$'1-($ 0,3
L2+.6"%"-#&&
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920($ C%8>2$ 62+. 0,2 0,4
PT >2B-2+#& G&-"-+&%20"-&$
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C'"#G2%>(, 0,8 0,2 2,6 0,1
R&D 0,4 1,3
>2,$'&
<+$62 1,0 2,4 5,0
J+#25-&) L2+7,"%+#02 25% 50% 75% 25%
G&-"-+. K2>/"-&& 75% 50%
0 1 2 3 4 5 6 0 1 2 3 4 5 6 0 1 2 3 4 5 6
Q+%#.('?''
A,"<48& 2010-2020 2.7% 4.7% 8.6%
1. Q4N$> 0(%75)& 7)"*"- 0 #$)7B&= ;$-"=, /%& ,2/7B$-&& 2 +%$,-$3 ;$-$ RKA ~20K EUR ) 2020 62,7 2. C2-8#&$ >2,$'& ) RKA -$ /%&>$-&>2
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 21

23. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
B"<30%,# &%(0-01')': ?#)#%0: .?#+&"': - 8"<>+020
98.>0"(#"&
5("<8(<"& M"<>+,:
1 2 3
@,+8& ;#8<=': %#8(0" !&"(+#".(%0 98.>0"(#"
1 <-7#%$--&3 %(-2) 190K 190K
40K
2 J>/2%# (20%)
2#+7#+#07$#
<-7#%$--$$
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/%2&*02,+#02 :"--(3 +;$-"%&3 210K 280K
-$ /%$,+#"0'8$#+8
60K 90K
4 P)+/2%# %$"'&+#&5-(> 0 (28%)
50K
(32%)
100K
+08*& + #$)7B&>
I"+/%$,$'$-&$ 65K 100K 45K 110K 110K 55K
5 ,2>&-&%7.B&> 30% 48% 22% 40% 40% 20%
0-7#%. /%2&*02,+#0"
/2'2F$-&$>
6 I"+/%$,$'$-&$ %2++&3+)&= &6%2)20 ..
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I"+/%$,$'$-&$ &-2+#%. .. ..
7
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8
M)+/2%#"
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75"+#-&)20
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C%2&*02,+#02 *" %74$F2>
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 22

24. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
5?#+&"'' "&3)'4&G(./ +#01I0$'-,- $)/ $0.('6#+'/
?#)#%,I 01F#-0% <.')'/-, ' .0><(.(%<G='- '3$#"68&-
M)G4#%,# M"<>+,:
1 2 3
>&"&-#(", ;#8<=': %#8(0" !&"(+#".(%0 98.>0"(#"
M0)'4#.(%0 "0..':.8'I 1 + -&E$0($ '&42
-$+)2'1)2
'2"080% :"--(3 +;$-"%&3 -$+)2'1)2 )%7/-(= M)+/2%#$%20
W"0%#+* .0("<$+'4#.(%& -$ /%$,+#"0'8$#+8 C"%#-$%+#02, IP R&;$-*&%20"-&$ IP
. 2)01&)*+,-' OEM
%$"'&+#&5-(> 0
K08&)*+,# OEM
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+08*& + #$)7B&> 1 >2,7'1-"8 + '&;$-*&& 1 >2,7'1-"8 + '&;$-*&&
K08&)*+,# OEM ,2>&-&%7.B&>
- -
# -0$#)#: /2'2F$-&$>
E1F#- >"0'3%0$.(%& / %2++&3+)&= &6%2)20 210 #(+. / 24 >'%,. 275 #(+. / 32 >'%,.
%,"<48& 2020
P#01I0$'-,#
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!2,$%-&*";&8
0,8 0,8
OEM 7+#. >2B-2+#$3
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PT 920($ >2B-2+#& 1,2 1,2
OES 920($ >2B-2+#& 0,8 0.8
9JQKI /'"#G2%>,
4.3 2,5 4.3 2,9
>2,$'$3
R&D
J#262 6.5 8,4
R&D *" %74$F2>
L2+7,"%+#02 50% 75%
C"%#-$%( J+#25-&)
L2+.6"%"-#&& G&-"-+. K2>/"-&& 50%
25%
C%8>2$ 62+. 0 5 10 15 0 5 10 15
G&-"-+&%20"-&$
Q+%#.('?''
A,"<48& 2010-2020 3.2% 3.2%
1. <)'.5"8 €1 >'%,. -" M&A ,'8 +;$-"%&8 )%7/-262 M)+/2%#$%"
J+#25-&)&: K">"*, L"*, ?2''$%+; Global Insight; !2,$'1 %(-)" BCG; A-"'&* BCG
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 23

25. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
L%(01<.,: ?#)#%0: .?#+&"': - 8"<>+020 98.>0"(#"&
1 2 3
5("<8(<"& @,+8& ;#8<=': %#8(0" !&"(+#".(%0 M"<>+,: 98.>0"(#"
1 <-7#%$--&3 %(-2) 27K 27K
1K
2 J>/2%# (5%)
2#+7#+#07$#
<-7#%$--$$ :"--(3 +;$-"%&3 -$
3 /%$,+#"0'8$#+8 28K 35K
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%$"'&+#&5-(> 0 2K 8K
4 P)+/2%#1 +08*& + #$)7B&> (7%) (23%)
I"+/%$,$'$-&$ 0-7#%.
-$0(+2)&> 7%20-$>
20K 7.5K 0.5K 26K 8K 1K
5 /%&+7#+#0&8 (70%) (28%) (2%) (75%) (23%) (2%)
/%2&*02,+#0"
&>/2%#" &
6 I"+/%$,$'$-&$ &-2+#%"--(= ... ... ... ...
'2)"'1-(= OEM
&6%2)20
7 I"+/%$,$'$-&$ &-2+#%. ... ...
'2)"'&*20"--(= OEM
8 I"+/%$,$'$-&$ M)+/2%#"
?22#0$#+#0&$ !
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B
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75"+#-&)20
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J+#25-&)&: K">"*, L"*, ?2''$%+; Global Insight; P)+/$%#-"8 L%7//"; A-"'&* BCG J-2+#%"--($ OEM
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 24

26. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
5?#+&"'' >"&8('4#.8' +# "&3)'4&G(./ >0 +#01I0$'-,-
01F#-&- '+%#.('?':
M)G4#%,#
>&"&-#(", 1 ;#8<=': %#8(0" 2 !&"(+#".(%0 3 M"<>+,: 98.>0"(#"
M0)-%0 "0..':.8'I -$+)2'1)2, 0 /"%#-$%+#0$ +
:"--(3 +;$-"%&3 -$ -$+)2'1)2
'2"080% &-2+#%"--(>&
W"0%#+* .0("<$+'4#.(%&
/%$,+#"0'8$#+8
/"%#-$%+#02 IP IP
. 2)01&)*+,-' OEM %$"'&+#&5-(> 0
K08&)*+,# OEM +08*& + #$)7B&>
- -
# >)&(N0"- -$0(+2)&> 7%20-$>
K08&)*+,# OEM /%&+7#+#0&8 &>/2%#" - -
# -0$#)#: & &-2+#%"--(=
E1F#- >"0'3%0$.(%& / &6%2)20 28K / 1.5 35K / 1.9
%,"<48& 2020 (€ -)"$.)1
P#01I0$'-,#
'+%#.('?'', € -)"$.
C"%#-$%(
!2,$%-&*";&8
7+#. >2B-2+#$3
0,1 L2+.6"%"-#&&
0,1
OEM :2/2'-&#$'1-($
0,0 C%8>2$ 62+.
>2B-2+#&
920($ G&-"-+&%20"-&$
0,0 0,0
PT >2B-2+#&
OES 0,5 0,5
OES
C'"#G2%>(,
0,6 0,6
R&D >2,$'&
<+$62 1,2 1,2
J+#25-&) L2+7,"%+#02 50% 75% 25%
G&-"-+. K2>/"-&& 50%
0,0 0,5 1,0 1,5 0,0 0,5 1,0 1,5
Q+%#.('?''
A,"<48& 2010-2020 9.5% 7.9%
1. Q4N$> 0(%75)& 7)"*"- 0 #$)7B&= ;$-"=, /%& ,2/7B$-&8= 2 +%$,-&= ;$-"= /2 +$6>$-#"> "0#247+-262 %(-)" & 0$+"= M#&= +$6>$-#20 0 2020 6. +%$,-88 ;$-" "0#247+" +2+#"0'8$# 2.4 >'-. %74.
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 25

27. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
50$#"6&+'#
7&8"0980+0-'4#.8&/ "0)* &%(0-01')*+0: 0("&.)'
;#8<='# >"01)#-, 0("&.)' ' .("&(#2'4#.80# ?#)#>0)&2&+'#
@&3%'('# ",+8& ' >"0'3%0$.(%& >0 .#2-#+(&- &%(0>"0'3%0$'(#)#:
• :$#"'& +;$-"%-262 /'"-&%20"-&8
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B0.<$&".(%#++&/ >0)'('8& "#2<)'"0%&+'/ .#8(0"&
C&)*+#:D'# $#:.(%'/
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• :$#"'& %"+5$#" /2#%$4-2+#$3 0 &-0$+#&;&8=
• :$#"'& 2%6"-&*";&& %"425$3 6%7//( /2 "0#2/%2>7 0 ?@A
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 26

28. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
!0 ("#- .?#+&"'/-, ("#1<#-,# '+%#.('?'' .<=#.(%#++0
"&3)'4&G(./
P#01I0$'-,# 1 2 3 M"<>+,:
'+%#.('?'' ;#8<=': %#8(0" !&"(+#".(%0 98.>0"(#"
€ -)"$.
!2,$%-&*";&8 A0#247+( C"%#-$%(
2.4 3.8 3.8
7+#. >2B-2+#$3 LKA L2+.6"%"-#&&
OEM
RKA C%8>2$ 62+.
920($ >2B-2+#& 0.0 G&-"-+&%20"-&$ 1.3 5.8
RA
PT 920($ >2B-2+#& 1.2 2.6 4.0
OES 920($ >2B-2+#& 3.2 7.8 11.7
9JQKI /'"#G2%>, 12,8 12,4 9,3
R&D >2,$'$3 5.3 9.5 14.5
J#262 12 25 40
J+#25-&) L2+7,"%+#02 25% 50% 75% 25%
G&-"-+.
K2>/"-&& 75% 50%
0 10 20 30 40 50 0 10 20 30 40 50 0 10 20 30 40 50
Q+%#.('?''
A,"<48& 2010-2020
J#262 2.3% 3.6% 4.7%
? 75$#2>
9JQKI 4.7% 5.5% 5.8%
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J+#25-&): %$*7'1#"#( 24+7F,$-&8 M)+/$%#-23 6%7//(
!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 27

29. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
P& 1&3# .("&(#2'4#.8'I 8"'(#"'#%, ("#1<#-,I '+%#.('?':
' "#&)'3<#-0.(' %,1"&+, ?#)#%,# .?#+&"''
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;#8<=': J&8",(,: M"<>+,:
M)G4#%,# .(0"0+, 5#20$+/ %#8(0" !&"(+#".(%0 ",+081
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• ?24+#0$--($ /2*&#&0-($ 4%$-,(
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+(%1$0"8 4"*" 0 I2++&&
• !")+&>"'1-"8 '2)"'&*";&8
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• :2+#&F$-&$ 6'24"'1-262
+#2&>2+#-262 /%$&>7B$+#0"
• ?24+#0$--"8 4"*" 9JQKI /
IP /"#$-#20
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 28

30. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
A,1"&++,# ?#)#%,# .?#+&"'' "&3)'4&G(./ >0 .#2-#+(&-
1 ;#8<=': 2 3 M"<>+,:
5#2-#+(, 5#20$+/ %#8(0" !&"(+#".(%0 98.>0"(#" !0/.+#+'/
K#280%,# ,2 2020 -" 2030 ? • I$"'&+#&5-(3 +;$-"%&3 0 0&,7 -$=0"#)&
+24+#0$--23 '&)0&,-2+#& -" %"*0&#&$,
&%(0-01')' 2#+#"0"-&8 /2 J?, #$=-2'26&5$+)23 4"*$
K#28'# ,2 2020 -" 2030 ? • I$"'&+#&5-(3 +;$-"%&3 0 0&,7 -$=0"#)&
80--#"4#.8'# +24+#0$--23 '&)0&,-2+#& -" %"*0&#&$,
&%(0-01')' 2#+#"0"-&8 /2 J?, #$=-2'26&5$+)23 4"*$
• < 0&,7 #$)7B$62 /2'2F$-&$ %2++&3+)&= QW!
B"<30%,# ,2 2020 & &= )2-)7%$-#-(= /%$&>7B$+#0
&%(0-01')' • < *-"5&#$'1-23 >$%$ %$"'&*7$#+8 *" +5$#
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 29

31. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
V#)#%0: )&+$D&N( &%(0-01')#.("0'(#)*+0: 0("&.)'
@0..'' % 2020 20$<
B"<30%,# &/- – L%(01<., –
.?#+&"': .?#+&"':
5("<8(<"& KL – .?#+&"': KML – .?#+&"': "8"<>+,:
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 30

32. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 31

33. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 32

34. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 33

35. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 34

36. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 35

37. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
E( %#"('8&)' 8 20"'30+(&)' – .I#-& "#.("<8(<"'3&?''
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 36

38. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
A .#2-#+(# KL ("#1<G(./ '+%#.('?'' % >"0'3%0$.(%0
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 37

39. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 38

40. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 39

41. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 40

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 41

43. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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44. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 43

45. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 44

46. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 45

47. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 49

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 50

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 51

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 52

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 53

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 54

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 55

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 56

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 57

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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 58

60. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 59

61. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 RA RKA LKA A0#
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 60

62. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 61

63. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 62

64. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 9" /%&>$%$ RA
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 63

65. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 9" /%&>$%$ RA
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 64

66. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 9" /%&>$%$ RA
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 65

67. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 9" /%&>$%$ RA
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 66

68. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 67

69. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00 9" /%&>$%$ RA
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 68

70. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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!"#$%&"'( %"425$3 6%7//( ) 10928 - 07Nov2009 v5.ppt 69

71. !"#$%&"'(#)*+,# -&(#"'&), – %#".'/ +& 9 +0/1"/ 2009 2., 19:00
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