Rubis SCA

-7.8%

Live  

Rubis SCA is a French multinational energy company that specializes in the storage, distribution, and sale of petroleum and chemical products. It was founded in 1990 and is headquartered in Paris, France. The company operates in over 30 countries worldwide, with a focus on Europe, Africa, and the Caribbean. Rubis has a diverse portfolio, including a network of service stations, aviation fuel supply, and liquefied petroleum gas (LPG) distribution.
Rubis is the 92nd largest company in the world, based on its market value of over $8 billion. It has over 4,400 employees and reported revenues of €4.8 billion in 2020.
The company's mission is to provide energy solutions that meet the needs of its customers while prioritizing safety, reliability, and efficiency. Rubis is committed to sustainable development and has implemented various initiatives, such as reducing its carbon footprint and promoting biofuels.
In addition to its core energy business, Rubis also has a strong focus on social responsibility and invests in various community and environmental projects in the regions where it operates. The company is also committed to promoting diversity and inclusion within its workforce.
Overall, Rubis SCA is a reputable and successful global energy company with a strong emphasis on sustainability and social responsibility.

UnViaXMgU0 NBIGlzIGEg Y29tcGFueS B0aGF0IHdv cmtzIGluIH R3byBtYWlu IGFyZWFzOi BlbmVyZ3kg YW5kIHN0b3 JhZ2UuIFRo ZXkgYXJlIG ludm9sdmVk IGluIHRoZS B0cmFuc3Bv cnRhdGlvbi BhbmQgZGlz dHJpYnV0aW 9uIG9mIGZ1 ZWwsIGxpa2 UgZ2Fzb2xp bmUgYW5kIG RpZXNlbCwg d2hpY2ggcG VvcGxlIHVz ZSBmb3IgdG hlaXIgY2Fy cywgdHJ1Y2 tzLCBhbmQg b3RoZXIgdm VoaWNsZXMu IFRoZXkgYW xzbyBoYW5k bGUgYW5kIH N0b3JlIGRp ZmZlcmVudC B0eXBlcyBv ZiBjaGVtaW NhbHMgYW5k IGZ1ZWxzIH NhZmVseS4g WW91IGNhbi B0aGluayBv ZiB0aGVtIG FzIGEgYmln IGRlbGl2ZX J5IHNlcnZp Y2UgZm9yIG VuZXJneSE8 YnI+UnViaX MgbWFrZXMg bW9uZXkgYn kgYnV5aW5n IGZ1ZWwgYW 5kIGNoZW1p Y2FscyBpbi BsYXJnZSBh bW91bnRzIG FuZCB0aGVu IHNlbGxpbm cgdGhlbSB0 byBnYXMgc3 RhdGlvbnMs IGJ1c2luZX NzZXMsIGFu ZCBvdGhlci Bjb21wYW5p ZXMgdGhhdC BuZWVkIHRo ZW0uIFRoZX kgYWxzbyBl YXJuIG1vbm V5IGJ5IGNo YXJnaW5nIG ZvciB0aGUg c3RvcmFnZS BhbmQgbWFu YWdlbWVudC BvZiB0aGVz ZSBwcm9kdW N0cy48YnI+ VGhlIHJlYX NvbiBSdWJp cyBoYXMgYm VlbiBzdWNj ZXNzZnVsIH NvIGZhciBp cyB0aGF0IG VuZXJneSBp cyBhbHdheX MgaW4gZGVt YW5kLiBQZW 9wbGUgYW5k IGNvbXBhbm llcyBuZWVk IGZ1ZWwgZm 9yIHRoZWly IHZlaGljbG VzIGFuZCBm b3IgaGVhdG luZy4gUGx1 cywgdGhleS BoYXZlIGJl ZW4gc21hcn QgYWJvdXQg ZXhwYW5kaW 5nIHRoZWly IGJ1c2luZX NzIGludG8g ZGlmZmVyZW 50IGNvdW50 cmllcyBhbm QgbWFya2V0 cywgd2hpY2 ggaGVscHMg dGhlbSByZW FjaCBtb3Jl IGN1c3RvbW Vycy48YnI+ TG9va2luZy BpbnRvIHRo ZSBmdXR1cm UsIFJ1Ymlz IGlzIGxpa2 VseSB0byBj b250aW51ZS BiZWluZyBz dWNjZXNzZn VsIGJlY2F1 c2UgdGhlIH dvcmxkIHdp bGwgc3RpbG wgbmVlZCBl bmVyZ3ksIG V2ZW4gYXMg d2UgbG9vay Bmb3IgY2xl YW5lciBhbH Rlcm5hdGl2 ZXMuIFRoZX kgYXJlIGFs c28gYWRhcH RpbmcgdG8g Y2hhbmdlcy BpbiB0ZWNo bm9sb2d5IG FuZCB0aGUg ZW52aXJvbm 1lbnQsIHdo aWNoIGNhbi BoZWxwIHRo ZW0gc3RheS BhaGVhZCBv ZiB0aGVpci Bjb21wZXRp dG9ycy4gQX MgbG9uZyBh cyB0aGV5IG tlZXAgcHJv dmlkaW5nIH JlbGlhYmxl IGVuZXJneS Bzb2x1dGlv bnMgYW5kIG ZpbmQgbmV3 IHdheXMgdG 8gb3BlcmF0 ZSBlZmZpY2 llbnRseSwg dGhleSB3aW xsIGxpa2Vs eSByZW1haW 4gYSBzdHJv bmcgY29tcG FueS48YnI+

MS4gSGlzdG 9yeSBhbmQg VHJhZGl0aW 9uOiBSdWJp cyBTQ0EgaG FzIGEgbG9u ZyBoaXN0b3 J5IGRhdGlu ZyBiYWNrIH RvIHRoZSAx N3RoIGNlbn R1cnkgYW5k IGhhcyBtYW ludGFpbmVk IGl0cyBsZW dhY3kgb2Yg cXVhbGl0eS BhbmQgcmVs aWFiaWxpdH kgZm9yIG92 ZXIgNDAwIH llYXJzLjxi cj4yLiBHbG 9iYWwgUHJl c2VuY2U6IF J1YmlzIFND QSBvcGVyYX RlcyBpbiBv dmVyIDQwIG NvdW50cmll cyBhcm91bm QgdGhlIHdv cmxkLCBtYW tpbmcgaXQg YSB0cnVseS BnbG9iYWwg Y29tcGFueS 48YnI+My4g RGl2ZXJzaW ZpZWQgUG9y dGZvbGlvOi BUaGUgY29t cGFueSBoYX MgYSBkaXZl cnNlIHBvcn Rmb2xpbywg c3Bhbm5pbm cgYSB3aWRl IHJhbmdlIG 9mIGluZHVz dHJpZXMgaW 5jbHVkaW5n IGVuZXJneS wgaW5mcmFz dHJ1Y3R1cm UsIGFuZCBj aGVtaWNhbH MuPGJyPjQu IFN0cm9uZy BGaW5hbmNp YWwgUGVyZm 9ybWFuY2U6 IFJ1YmlzIF NDQSBoYXMg YSBjb25zaX N0ZW50IHRy YWNrIHJlY2 9yZCBvZiBz dHJvbmcgZm luYW5jaWFs IHBlcmZvcm 1hbmNlLCB3 aXRoIGEgc3 RlYWR5IGdy b3d0aCBpbi ByZXZlbnVl cyBhbmQgcH JvZml0cy48 YnI+NS4gSW 5ub3ZhdGlv bnMgYW5kIF RlY2hub2xv Z3k6IFRoZS Bjb21wYW55 IGlzIGtub3 duIGZvciBp dHMgaW5ub3 ZhdGlvbiBh bmQgdXNlIG 9mIGFkdmFu Y2VkIHRlY2 hub2xvZ2ll cyBpbiBpdH Mgb3BlcmF0 aW9ucywgZ2 l2aW5nIGl0 IGEgY29tcG V0aXRpdmUg ZWRnZSBpbi B0aGUgbWFy a2V0Ljxicj 42LiBDb21t aXRtZW50IH RvIFN1c3Rh aW5hYmlsaX R5OiBSdWJp cyBTQ0EgaX MgY29tbWl0 dGVkIHRvIH N1c3RhaW5h YmxlIGRldm Vsb3BtZW50 IGFuZCBoYX MgaW1wbGVt ZW50ZWQgdm FyaW91cyBp bml0aWF0aX ZlcyB0byBy ZWR1Y2UgaX RzIGVudmly b25tZW50YW wgaW1wYWN0 IGFuZCBwcm 9tb3RlIHNv Y2lhbCByZX Nwb25zaWJp bGl0eS48Yn I+Ny4gRm9j dXMgb24gQ3 VzdG9tZXIg U2F0aXNmYW N0aW9uOiBU aGUgY29tcG FueSBoYXMg YSBzdHJvbm cgZm9jdXMg b24gbWVldG luZyB0aGUg bmVlZHMgb2 YgaXRzIGN1 c3RvbWVycy wgZW5zdXJp bmcgaGlnaC BsZXZlbHMg b2YgY3VzdG 9tZXIgc2F0 aXNmYWN0aW 9uLjxicj44 LiBDb3Jwb3 JhdGUgU29j aWFsIFJlc3 BvbnNpYmls aXR5OiBSdW JpcyBTQ0Eg aGFzIGEgc3 Ryb25nIGNv bW1pdG1lbn QgdG8gZ2l2 aW5nIGJhY2 sgdG8gdGhl IGNvbW11bm l0aWVzIGlu IHdoaWNoIG l0IG9wZXJh dGVzLCB0aH JvdWdoIHZh cmlvdXMgc2 9jaWFsIHJl c3BvbnNpYm lsaXR5IGlu aXRpYXRpdm VzLjxicj45 LiBTdHJvbm cgTGVhZGVy c2hpcCBhbm QgTWFuYWdl bWVudDogVG hlIGNvbXBh bnkgaGFzIG EgaGlnaGx5 IGV4cGVyaW VuY2VkIGFu ZCBjYXBhYm xlIG1hbmFn ZW1lbnQgdG VhbSwgbGVk IGJ5IGEgc3 Ryb25nIGxl YWRlcnNoaX AgdGhhdCBo YXMgZHJpdm VuIHRoZSBj b21wYW55J3 Mgc3VjY2Vz cy48YnI+MT AuIElubm92 YXRpb24gYW 5kIEdyb3d0 aCBTdHJhdG VneTogUnVi aXMgU0NBIG NvbnRpbnVv dXNseSBzZW VrcyBuZXcg b3Bwb3J0dW 5pdGllcyBm b3IgZ3Jvd3 RoLCBhbmQg aXMgY29uc3 RhbnRseSBl dm9sdmluZy BhbmQgYWRh cHRpbmcgdG 8gY2hhbmdp bmcgbWFya2 V0IGNvbmRp dGlvbnMsIG 1ha2luZyBp dCBhIHJlc2 lsaWVudCBh bmQgZHluYW 1pYyBjb21w YW55Lg==

VGhlIFJ1Ym lzIFNDQSBj b21wYW55IG 9wZXJhdGVz IGFzIGFuIG ludGVybmF0 aW9uYWwgZW 5lcmd5IGFu ZCBjaGVtaW NhbCBjb21w YW55LiBUaG VpciBidXNp bmVzcyBtb2 RlbCBpcyBi YXNlZCBvbi B0aHJlZSBt YWluIHNlZ2 1lbnRzOiBk b3duc3RyZW FtLCBsb2dp c3RpY3MsIG FuZCBzdXBw b3J0IHNlcn ZpY2VzLjxi cj4xLiBEb3 duc3RyZWFt OiBUaGlzIH NlZ21lbnQg aW5jbHVkZX MgdGhlIHBy b2R1Y3Rpb2 4sIHN1cHBs eSwgYW5kIG 1hcmtldGlu ZyBvZiBwZX Ryb2xldW0g cHJvZHVjdH MgYW5kIHJl bGF0ZWQgc2 VydmljZXMu IFRoZSBjb2 1wYW55IG9w ZXJhdGVzIH ZhcmlvdXMg cmVmaW5lcm llcywgc3Rv cmFnZSBmYW NpbGl0aWVz LCBhbmQgZG lzdHJpYnV0 aW9uIG5ldH dvcmtzIHRv IHN1cHBseS Bwcm9kdWN0 cyBzdWNoIG FzIGdhc29s aW5lLCBkaW VzZWwsIGF2 aWF0aW9uIG Z1ZWwsIGFu ZCBsaXF1ZW ZpZWQgcGV0 cm9sZXVtIG dhcyAoTFBH KSB0byBjdX N0b21lcnMu IFRoZXkgYW xzbyBvZmZl ciB2YWx1ZS 1hZGRlZCBz ZXJ2aWNlcy BzdWNoIGFz IGx1YnJpY2 FudHMsIGFk ZGl0aXZlcy wgYW5kIHRl Y2huaWNhbC BzdXBwb3J0 Ljxicj4yLi BMb2dpc3Rp Y3M6IFJ1Ym lzIFNDQSBv d25zIGFuZC BvcGVyYXRl cyBhIG5ldH dvcmsgb2Yg c3RvcmFnZS BmYWNpbGl0 aWVzLCBwaX BlbGluZXMs IGFuZCB0cm Fuc3BvcnQg YXNzZXRzIH RvIGVuc3Vy ZSB0aGUgZW ZmaWNpZW50 IHN1cHBseS wgdHJhbnNw b3J0YXRpb2 4sIGFuZCBk aXN0cmlidX Rpb24gb2Yg dGhlaXIgcG V0cm9sZXVt IHByb2R1Y3 RzLiBUaGV5 IGFsc28gcH JvdmlkZSBs b2dpc3RpY3 Mgc2Vydmlj ZXMgdG8gdG hpcmQtcGFy dHkgY3VzdG 9tZXJzLjxi cj4zLiBTdX Bwb3J0IHNl cnZpY2VzOi BUaGlzIHNl Z21lbnQgaW 5jbHVkZXMg dGhlIHByb3 Zpc2lvbiBv ZiB0ZWNobm ljYWwgYW5k IGFkbWluaX N0cmF0aXZl IHN1cHBvcn QgdG8gdGhl IG90aGVyIH R3byBzZWdt ZW50cy4gSX QgY292ZXJz IGFjdGl2aX RpZXMgc3Vj aCBhcyBtYW 5hZ2VtZW50 LCBmaW5hbm NlLCBJVCwg aHVtYW4gcm Vzb3VyY2Vz LCBhbmQgbG VnYWwgc3Vw cG9ydC48Yn I+SW4gYWRk aXRpb24gdG 8gdGhlaXIg Y29yZSBvcG VyYXRpb25z LCBSdWJpcy BTQ0EgYWxz byBpbnZlc3 RzIGluIHJl bmV3YWJsZS BhbmQgYWx0 ZXJuYXRpdm UgZW5lcmd5 IHByb2plY3 RzLCBhcyB3 ZWxsIGFzIG luIG5ldyB0 ZWNobm9sb2 dpZXMgYW5k IHN0YXJ0dX BzIHJlbGF0 ZWQgdG8gdG hlaXIgaW5k dXN0cnkuIF RoZXkgaGF2 ZSBhIHN0cm 9uZyBmb2N1 cyBvbiBzdX N0YWluYWJp bGl0eSBhbm QgYWltIHRv IHJlZHVjZS B0aGVpciBl bnZpcm9ubW VudGFsIGlt cGFjdCBhbm QgcHJvbW90 ZSBzdXN0YW luYWJsZSBk ZXZlbG9wbW VudC48YnI+ T3ZlcmFsbC wgdGhlaXIg YnVzaW5lc3 MgbW9kZWwg aXMgY2VudG VyZWQgb24g ZGVsaXZlcm luZyByZWxp YWJsZSBhbm QgaGlnaC1x dWFsaXR5IG VuZXJneSBz b2x1dGlvbn MgdG8gdGhl aXIgY3VzdG 9tZXJzIHdo aWxlIGVuc3 VyaW5nIGNv c3QgZWZmaW NpZW5jeSBh bmQgcHJvbW 90aW5nIGdy b3d0aCBhbm Qgc3VzdGFp bmFiaWxpdH ku

AI can potentially pose a material threat to Rubis SCA’s products, services, or competitive positioning in several ways:
1. Substitution: AI technologies can lead to the development of alternative energy sources or solutions that directly compete with the products offered by Rubis SCA. For example, advancements in renewable energy technologies and energy storage solutions could substitute traditional fossil fuels and other energy products, reducing demand for Rubis SCA’s offerings.
2. Disintermediation: The rise of AI-driven platforms could alter supply chain dynamics within the fuel and energy distribution systems. New players using AI for optimization and efficiency might emerge, potentially bypassing traditional intermediaries like Rubis SCA. This could lead to a loss of market share as customers turn to more efficient or technologically advanced options.
3. Margin Pressure: AI can enhance operational efficiencies across industries, leading to reduced costs and increased competition. Companies that successfully implement AI solutions may be able to offer lower prices or higher-value services, putting pressure on Rubis SCA’s margins. This competition could force the company to innovate or decrease prices, negatively affecting profitability.
4. Operational Efficiency: While this is largely a competitive threat, AI can also improve the efficiencies of rivals, allowing them to provide better services or enhance profitability. If Rubis SCA does not adopt AI technologies and improve its own operations, it may fall behind competitors that leverage these technologies effectively.
Overall, while AI presents opportunities for innovation and improvement within Rubis SCA, it also poses substantial risks that the company needs to strategically address to maintain its competitive position.

The sensitivity of Rubis SCA’s earnings, cash flow, and valuation to changes in interest rates can be influenced by several factors, including its capital structure, business model, and market conditions.
1. Earnings Sensitivity: Rubis operates primarily in the energy sector, and fluctuations in interest rates can impact its earnings. If interest rates rise, the cost of borrowing may increase for the company, leading to higher interest expenses. This could reduce net income unless the company can pass on the increased costs to customers. In contrast, if interest rates fall, Rubis could benefit from lower borrowing costs, potentially enhancing earnings.
2. Cash Flow Sensitivity: The company’s cash flow is also sensitive to interest rates due to its debt obligations. Higher interest rates can limit cash flow availability by increasing interest payments, which can affect the company’s liquidity and ability to invest in operations or pay dividends. Conversely, lower interest rates can improve cash flow by reducing these obligations, allowing more capital to be allocated to growth initiatives or shareholder returns.
3. Valuation Sensitivity: Valuation is typically influenced by the discount rate used in financial models, which is often correlated with prevailing interest rates. When interest rates rise, the discount rate increases, leading to a lower present value for future cash flows and potentially reducing the overall valuation of the company. On the other hand, decreasing interest rates can enhance valuation by lowering the discount rate.
Overall, Rubis SCA’s financial performance is likely sensitive to changes in interest rates, with implications for its cost of capital, operational profitability, and market valuation. Monitoring interest rate trends is essential for anticipating potential impacts on the company’s financial health.

T3ZlciB0aG UgbmV4dCAz LTUgeWVhcn MsIGEgcmVh bGlzdGljIH NjZW5hcmlv IHRoYXQgY2 91bGQgcGVy bWFuZW50bH kgaW1wYWly IFJ1YmlzIF NDQeKAmXMg ZWNvbm9taW NzIHdvdWxk IGJlIGEgc2 lnbmlmaWNh bnQgc2hpZn QgaW4gZ2xv YmFsIGVuZX JneSBwb2xp Y2llcywgcG FydGljdWxh cmx5IGEgcm FwaWQgdHJh bnNpdGlvbi B0b3dhcmRz IHJlbmV3YW JsZSBlbmVy Z3kgc291cm NlcyBjb3Vw bGVkIHdpdG ggc3RyaW5n ZW50IHJlZ3 VsYXRpb25z IG9uIGZvc3 NpbCBmdWVs cy4gRm9yIG luc3RhbmNl LCBpZiBtYW pvciBlY29u b21pZXMgd2 9ybGR3aWRl IGltcGxlbW VudCBhZ2dy ZXNzaXZlIG NhcmJvbiBy ZWR1Y3Rpb2 4gdGFyZ2V0 cywgbGVhZG luZyB0byB0 aGUgcGhhc2 luZyBvdXQg b2YgZm9zc2 lsIGZ1ZWwg c3Vic2lkaW VzIGFuZCBp bXBvc2luZy BoZWF2eSBj YXJib24gdG F4ZXMsIHRo aXMgY291bG Qgc2lnbmlm aWNhbnRseS BpbXBhY3Qg UnViaXMgU0 NB4oCZcyBv cGVyYXRpb2 5zIGluIHRo ZSBmdWVscy BhbmQgZW5l cmd5IHNlY3 RvcnMuPGJy PkluIHRoaX Mgc2NlbmFy aW8sIFJ1Ym lzIFNDQSB3 b3VsZCBsaW tlbHkgZmFj ZSBzZXZlcm FsIGtleSBj aGFsbGVuZ2 VzOjxicj4x LiA8c3Ryb2 5nPkRlY2xp bmluZyBTYW xlcyBWb2x1 bWU8L3N0cm 9uZz46IEFz IGNvbnN1bW VycyBhbmQg YnVzaW5lc3 NlcyBzaGlm dCB0b3dhcm RzIGVsZWN0 cmljIHZlaG ljbGVzIGFu ZCBhbHRlcm 5hdGl2ZSBl bmVyZ3kgc2 91cmNlcywg dGhlIGRlbW FuZCBmb3Ig dHJhZGl0aW 9uYWwgZnVl bHMgc3VjaC BhcyBnYXNv bGluZSBhbm QgZGllc2Vs IGNvdWxkIG RlY3JlYXNl IHNoYXJwbH kuIFRoaXMg d291bGQgbG VhZCB0byBs b3dlciBzYW xlcyB2b2x1 bWVzIGZvci BSdWJpcyBT Q0EsIGFkdm Vyc2VseSBh ZmZlY3Rpbm cgcmV2ZW51 ZS48YnI+Mi 4gPHN0cm9u Zz5JbmNyZW FzZWQgQ29t cGV0aXRpb2 48L3N0cm9u Zz46IFdpdG ggdGhlIHRy YW5zaXRpb2 4gdG8gcmVu ZXdhYmxlIG VuZXJnaWVz LCBuZXcgY2 9tcGV0aXRv cnMgaW4gdG hlIGVuZXJn eSBtYXJrZX QgY291bGQg ZW1lcmdlLC BmdXJ0aGVy IGluY3JlYX NpbmcgcHJp Y2luZyBwcm Vzc3VyZXMg YW5kIGVyb3 Npb24gb2Yg bWFya2V0IH NoYXJlIGZv ciB0cmFkaX Rpb25hbCBm dWVsIHN1cH BsaWVycyBs aWtlIFJ1Ym lzIFNDQS48 YnI+My4gPH N0cm9uZz5Q cmVzc3VyZS BvbiBNYXJn aW5zPC9zdH Jvbmc+OiBS dWJpcyBTQ0 EgbWlnaHQg ZXhwZXJpZW 5jZSBkaW1p bmlzaGluZy Bwcm9maXQg bWFyZ2lucy BkdWUgdG8g cmlzaW5nIG 9wZXJhdGlv bmFsIGNvc3 RzIGFzc29j aWF0ZWQgd2 l0aCBjb21w bGlhbmNlIH dpdGggbmV3 IHJlZ3VsYX Rpb25zIGFu ZCB0aGUgbm VlZCB0byBp bnZlc3QgaW 4gY2xlYW5l ciB0ZWNobm 9sb2dpZXMu IEFkZGl0aW 9uYWxseSwg YW55IHJlbW FpbmluZyBk ZW1hbmQgZm 9yIGZvc3Np bCBmdWVscy Bjb3VsZCBi ZSBtZXQgd2 l0aCBoaWdo ZXIgcHJpY2 VzIGR1ZSB0 byBzY2FyY2 l0eSwgZnVy dGhlciBzcX VlZXppbmcg bWFyZ2lucy 48YnI+NC4g PHN0cm9uZz 5JbXBhaXJt ZW50IG9mIE Fzc2V0czwv c3Ryb25nPj ogSWYgdGhl IHJlZ3VsYX RvcnkgZW52 aXJvbm1lbn QgbWFrZXMg Y2VydGFpbi Bmb3NzaWwg ZnVlbCBhc3 NldHMgb2Jz b2xldGUgb3 IgbGVzcyB2 YWx1YWJsZS wgUnViaXMg U0NBIHdvdW xkIGZhY2Ug YXNzZXQgaW 1wYWlybWVu dHMgb24gaX RzIGJhbGFu Y2Ugc2hlZX QuIFRoaXMg Y291bGQgbG VhZCB0byBz dWJzdGFudG lhbCB3cml0 ZS1kb3ducy BvbiBwcm9w ZXJ0eSwgcG xhbnQsIGFu ZCBlcXVpcG 1lbnQgcmVs YXRlZCB0by Bmb3NzaWwg ZnVlbCBvcG VyYXRpb25z Ljxicj5JZi B0aGlzIHNj ZW5hcmlvIG 1hdGVyaWFs aXplcywgUn ViaXMgU0NB 4oCZcyBmaW 5hbmNpYWxz IHdvdWxkIH JlZmxlY3Qg dGhlIGZvbG xvd2luZyBj aGFuZ2VzOj xicj4tIDxz dHJvbmc+TW FyZ2luczwv c3Ryb25nPj ogUHJvZml0 IG1hcmdpbn Mgd291bGQg bGlrZWx5IG RlY2xpbmUg c2hhcnBseS BkdWUgdG8g cmVkdWNlZC BzYWxlcyBh bmQgcmlzaW 5nIGNvc3Rz IGFzc29jaW F0ZWQgd2l0 aCBvcGVyYX Rpb25hbCBh ZGp1c3RtZW 50cyBhbmQg Y29tcGxpYW 5jZS4gVGhl IGluYWJpbG l0eSB0byBw YXNzIG9uIG luY3JlYXNl ZCBjb3N0cy B0byBjb25z dW1lcnMgd2 91bGQgbGVh ZCB0byBsb3 dlciBuZXQg aW5jb21lIG 1hcmdpbnMu PGJyPi0gPH N0cm9uZz5D YXNoIEZsb3 c8L3N0cm9u Zz46IE9wZX JhdGluZyBj YXNoIGZsb3 cgd291bGQg ZGV0ZXJpb3 JhdGUgZHVl IHRvIHJlZH VjZWQgcmV2 ZW51ZXMuIF RoZSBjb21w YW55IG1pZ2 h0IHN0cnVn Z2xlIHRvIG dlbmVyYXRl IHN1ZmZpY2 llbnQgY2Fz aCBmbG93IH RvIGNvdmVy IGl0cyBvcG VyYXRpb25h bCBleHBlbn NlcyBhbmQg Y2FwaXRhbC BpbnZlc3Rt ZW50cywgcG 90ZW50aWFs bHkgbGVhZG luZyB0byBj YXNoIGZsb3 cgZGVmaWNp dHMuPGJyPi 0gPHN0cm9u Zz5CYWxhbm NlIFNoZWV0 PC9zdHJvbm c+OiBUaGUg Y29tcGFuee KAmXMgYmFs YW5jZSBzaG VldCB3b3Vs ZCBzaG93IG RldGVyaW9y YXRpbmcgbW V0cmljcyB3 aXRoIHBvdG VudGlhbCBp bmNyZWFzZX MgaW4gZGVi dCBsZXZlbH MgaWYgUnVi aXMgU0NBIH Jlc29ydGVk IHRvIGZpbm FuY2luZyB0 byBtYWludG FpbiBvcGVy YXRpb25zIG FtaWQgZGVj bGluaW5nIH JldmVudWVz LiBBc3NldC BpbXBhaXJt ZW50cyB3b3 VsZCByZXN1 bHQgaW4gcm VkdWNlZCB0 b3RhbCBhc3 NldCB2YWx1 ZSwgbG93ZX JpbmcgZXF1 aXR5IGFuZC Bwb3NzaWJs eSByZXN1bH RpbmcgaW4g Y292ZW5hbn QgYnJlYWNo ZXMgd2l0aC BsZW5kZXJz Ljxicj5Pdm VyYWxsLCB0 aGlzIHNjZW 5hcmlvIGNv dWxkIGxlYW QgdG8gYSBm dW5kYW1lbn RhbCByZXN0 cnVjdHVyaW 5nIG9mIFJ1 YmlzIFNDQe KAmXMgYnVz aW5lc3MgbW 9kZWwsIHdp dGggYSBmb2 N1cyBvbiBk aXZlcnNpZn lpbmcgaXRz IG9mZmVyaW 5ncyB0byBp bmNsdWRlIG 1vcmUgcmVu ZXdhYmxlIG VuZXJneSBz b2x1dGlvbn MsIHdoaWNo IG1heSBlbn RhaWwgYWRk aXRpb25hbC BjYXBpdGFs IGludmVzdG 1lbnRzIGFu ZCBzdHJhdG VnaWMgcGFy dG5lcnNoaX BzLjxicj4=

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvTU g4Sm5KMjdy NGJ1Vjc5Nm lWTXAud2Vi cCIgYWx0PS JSdWJpcyBT Q0EiIHRpdG xlPSJSdWJp cyBTQ0EiIC BjbGFzcz0i aW1nLWZsdW lkIiBoZWln aHQ9NTAgd2 lkdGg9NTAg bG9hZGluZz 0nbGF6eScg c3R5bGU9J2 JvcmRlci1y YWRpdXM6ID ZweDsnPgoK ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdmbGV4Oi AxOyB0ZXh0 LWFsaWduOi BjZW50ZXI7 IG1hcmdpbi 1sZWZ0OiA1 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PHAgc3R5bG U9J2ZvbnQt c2l6ZTogMj ZweDsgY29s b3I6ICMzMz M7IG1hcmdp bi1ib3R0b2 06IDE1cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IPCfk4ggV2 FudCB0byBy ZWFkIG1vcm UgYWJvdXQg UnViaXMgU0 NBPwogICAg ICAgICAgIC AgICAgICAg ICAgICA8L3 A+CgogICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdp bmRleC5waH A/cGFnZT1z aWdudXAnIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJh Y2tncm91bm QtY29sb3I6 ICMwMDdCRk Y7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bjb2xvcjog I2ZmZjsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHBhZG Rpbmc6IDEw cHggMjBweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JvcmRlci1y YWRpdXM6ID VweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHRleHQt ZGVjb3JhdG lvbjogbm9u ZTsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGZvbnQtd2 VpZ2h0OiBi b2xkOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgbWFyZ2 luLXJpZ2h0 OiAxMHB4Ow ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdH JhbnNpdGlv bjogYmFja2 dyb3VuZC1j b2xvciAwLj NzIGVhc2U7 JwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg b25tb3VzZW 92ZXI9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA1 NmIzIicKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIG9ubW 91c2VvdXQ9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA3QkZGIi c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IGZvciBmcm VlCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvYT 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxzcG FuIHN0eWxl PSdtYXJnaW 46IDAgOHB4 OyBjb2xvcj ogIzU1NTsn Pm9yPC9zcG FuPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPG EgaHJlZj0n aW5kZXgucG hwP3BhZ2U9 bG9naW4nIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGNv bG9yOiAjMD A3QkZGOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdGV4 dC1kZWNvcm F0aW9uOiB1 bmRlcmxpbm U7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bmb250LXdl aWdodDogNT AwOyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBsb2cg aW4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9h PgoKCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dtYXJnaW4t dG9wOiAxNX B4OyBmb250 LXNpemU6ID EzcHg7IGZv bnQtd2VpZ2 h0OiBib2xk OyBjb2xvcj ogI2QzMmYy ZjsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAg8J+Tmi BZb3VyIGZy ZWUgY29weS BvZiA8aT4i VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr cyI8L2k+IG lzIHdhaXRp bmcKICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9w PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxMn B4OyBmb250 LXNpemU6ID EzcHg7IGNv bG9yOiAjND Q0Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIG5vdy BhbmQgZ2V0 IG91ciBmcm VlIGVCb29r IAogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGI+VGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrczwvYj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8IS0tCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J21h cmdpbi10b3 A6IDE2cHg7 IGZvbnQtc2 l6ZTogMTRw eDsgY29sb3 I6ICM0NDQ7 IGZvbnQtZm FtaWx5OiAt YXBwbGUtc3 lzdGVtLCBC bGlua01hY1 N5c3RlbUZv bnQsIFNlZ2 9lIFVJLCBS b2JvdG8sIE hlbHZldGlj YSBOZXVlLC BzYW5zLXNl cmlmOyBsaW 5lLWhlaWdo dDogMS42Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BIYXZlIHlv dSBoZWFyZC BhYm91dCBv dXIgc2hvcn QgPHN0cm9u ZyBzdHlsZT 0nZm9udC13 ZWlnaHQ6ID YwMDsnPkRh aWx5IFZpZG VvIE5ld3Ns ZXR0ZXI8L3 N0cm9uZz4/ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dodHRwczov L3d3dy5pbn NpZ2h0ZnVs dmFsdWUuY2 9tL25ld3Ns ZXR0ZXIucG hwJyB0YXJn ZXQ9J19ibG Fuaycgc3R5 bGU9J2NvbG 9yOiAjMDA3 QkZGOyB0ZX h0LWRlY29y YXRpb246IG 5vbmU7IGZv bnQtd2VpZ2 h0OiA1MDA7 IG1hcmdpbi 1sZWZ0OiA2 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BGaW5kIG91 dCBtb3JlCi AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 E+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg CiAgICAgIC AgCiAgICAg ICAgPHNwYW 4gY2xhc3M9 J2JsdXJyZW QtdGV4dCc+ CiAgICAgIC AgICAgIE1T NGdVblZpYV ggTWdVME5C SUdseiBJR0 VnUm5KbGJt IE5vSUcxMW JIUnAgYm1G MGFXOXVZVy B3Z1pXNWxj bWQ1IElHTn ZiWEJoYm4g a2dkR2hoZE NCeiBjR1Zq YVdGc2FYIH BsY3lCcGJp QjAgYUdVZ2 MzUnZjbSBG blpTd2daR2 x6IGRISnBZ blYwYVcgOX VMQ0JoYm1R ZyBjbVYwWV dsc0lHIDlt SUhCbGRISn YgYkdWMWJT QmhibSBRZ1 kyaGxiV2xq IFlXd2djSE p2WkggVmpk SE11SUR4aS BjajR5TGlC VWFHIFVnWT I5dGNHRnUg ZVNCM1lYTW dabSA5MWJt UmxaQ0JwIG JpQXhPVGt3 SUcgSjVJRX BoWTNGMSBa WE1nVW1sdm RTIEJoYm1R Z1IybHMgYk dWeklFZHZZ bSBsdUxpQT hZbkkrIE15 NGdVblZpYV ggTWdVME5C SUdseiBJR2 hsWVdSeGRX IEZ5ZEdWeV pXUWcgYVc0 Z1VHRnlhWC BNc0lFWnlZ VzVqIFpTd2 dZVzVrSUcg aGhjeUJ2Y0 dWeSBZWFJw YjI1eklHIG x1SUcxdmNt VWcgZEdoaG JpQTBNQyBC amIzVnVkSE pwIFpYTWdk Mjl5YkcgUj NhV1JsTGlB OCBZbkkrTk M0Z1ZHIGhs SUdOdmJYQm ggYm5uaWdK bHpJRyAxaG FXNGdZblZ6 IGFXNWxjM0 1nWVcgTjBh WFpwZEdsbC BjeUJwYm1O c2RXIFJsSU hSb1pTQnog ZEc5eVlXZG xJRyBGdVpD QmthWE4wIG NtbGlkWFJw YjIgNGdiMl lnYkdseCBk V1ZtYVdWa0 lIIEJsZEhK dmJHVjEgYl NCbllYTWdL RSB4UVJ5a3 NJSEJsIGRI SnZiQ3dnWk cgbGxjMlZz TENCcSBaWF FnWm5WbGJD IHdnWVc1a0 lHWjEgWld3 Z2IybHNMaS BBOFluSStO UzRnIFNXNG dZV1JrYVgg UnBiMjRnZE c4ZyBaVzVs Y21kNUlIIE J5YjJSMVkz UnogTENCU2 RXSnBjeSBC VFEwRWdZV3 h6IGJ5Qm9Z WE1nWVMgQn djbVZ6Wlc1 aiBaU0JwYm lCMGFHIFVn WTJobGJXbG ogWVd4eklH bHVaSCBWem RISjVMQ0Jw IGJtTnNkV1 JwYm0gY2dk R2hsSUhCeS BiMlIxWTNS cGIyIDRnWV c1a0lITmgg YkdVZ2IyWW dZbSBsMGRX MWxiaXdnIF ptVnlkR2xz YVggcGxjbk 1zSUdGdSBa Q0JzZFdKeW FXIE5oYm5S ekxpQTggWW 5JK05pNGdV biBWaWFYTW dVME5CIElH aGhjeUJoSU ggTjBjbTl1 WnlCbSBiMk 4xY3lCdmJp IEJ6ZFhOMF lXbHUgWVdK cGJHbDBlUy BCaGJtUWdh R0Z6IElHTn ZiVzFwZEgg UmxaQ0IwYn lCeSBaV1Ix WTJsdVp5IE JwZEhNZ1ky RnkgWW05dU lHWnZiMyBS d2NtbHVkQ0 JpIGVTQXpN Q1VnWW4ga2 dNakF5TlM0 ZyBQR0p5UG pjdUlGIFJv WlNCamIyMX cgWVc1NUlH bHpJRyB4cG MzUmxaQ0J2 IGJpQjBhR1 VnVUcgRnlh WE1nVTNSdi BZMnNnUlho amFHIEZ1Wj JVZ1lXNWsg SUdseklIQm hjbiBRZ2Iy WWdkR2hsIE lFTkJReUEw TUMgQnBibV JsZUN3ZyBk MmhwWTJnZ1 kyIDl0Y0hK cGMyVnogSU hSb1pTQjBi MyBBZ05EQW dZMjl0IGNH RnVhV1Z6SU cgeHBjM1Js WkNCdiBiaU IwYUdVZ1pY IGhqYUdGdV oyVXUgSUR4 aWNqNDRMaS BCU2RXSnBj eUJUIFEwRW dhR0Z6SUgg SmxZMlZwZG 1WayBJRzUx YldWeWIzIF Z6SUdGM1lY SmsgY3lCaG JtUWdjbSBW amIyZHVhWF JwIGIyNXpJ R1p2Y2kgQn BkSE1nWTI5 eSBjRzl5WV hSbElIIE52 WTJsaGJDQn kgWlhOd2Iy NXphVyBKcG JHbDBlU0Js IFptWnZjbl J6TEMgQnBi bU5zZFdScC BibWNnWW1W cGJtIGNnYm 1GdFpXUWcg WVhNZ2IyNW xJRyA5bUlI Um9aU0JYIG IzSnNaT0tB bVggTWdUVz l6ZENCRiBk R2hwWTJGc0 lFIE52YlhC aGJtbGwgY3 lCaWVTQjBh RyBVZ1JYUm 9hWE53IGFH VnlaU0JKYm 4gTjBhWFIx ZEdVdSBJRH hpY2o0NUxp IEJCY3lCdl ppQXkgTURJ d0xDQlNkVy BKcGN5QlRR MEVnIGFHRn pJR0VnZDIg OXlhMlp2Y2 1ObCBJRzlt SUc5MlpYIE lnT1N3d01E QWcgWlcxd2 JHOTVaVyBW ekxpQThZbk krIE1UQXVJ RlJvWlMgQm piMjF3WVc1 NSA0b0NaY3 lCc2IyIGR2 TENCaElISm wgWkNCa2FX RnRiMiA1a0 xDQnlaWEJ5 IFpYTmxibl J6SUcgbDBj eUJqYjIxdC BhWFJ0Wlc1 MElIIFJ2SU dKbGFXNW4g SUdFZ2MzUn liMiA1bklH RnVaQ0J5IF pXeHBZV0pz WlMgQndZWE owYm1WeSBJ R1p2Y2lCcG RIIE1nWTNW emRHOXQgWl hKeklHRnVa QyBCemRHRn JaV2h2IGJH Umxjbk11Ci AgICAgICAg PC9zcGFuPg ogICAgICAg IAogICAgIC AgIA==