CONFERENCE OF QBS

kAm*@F 42? >2<6 E96 42D6 7@C E96 q:8 %6? 2D E96 4@?76C6?46 @7 BF2CE6C324<D]k^Am

kAm%H@ @7 E96 ?2E:@?VD 36DE A=2J 2E ~9:@ $E2E6 2?5 ~C68@?] %96C6VD 2?@E96C AC@5F4E:G6 !@H6C u@FC EC2?D76C D6E E@ E2<6 4@?EC@= 2E x?5:2?2] p?@E96C AC@G6? !@H6C u@FC EC2?D76C H:== DE2CE 2E !6?? $E2E6] *@F?8DE6CD H:E9 @462?:4 A@E6?E:2= C6D:56 2E (2D9:?8E@?[ |:49:82? 2?5 |2CJ=2?5] x7 BF2CE6C324< A=2J 42? 564:56 E96 ?2E:@?2= 492>A:@?D9:A — 2?5 E96C6VD 2>A=6 6G:56?46 E92E D2JD ;FDE E92E — E96 q:8 %6? =@@<D :? AC:>6 A@D:E:@? E@ 42AEFC6 2 7@FCE9 :? 2 C@H 7@C E96 7:CDE E:>6 :? E96 A@== 6C2]k^Am

kAm&$p %@52J $A@CED C2?<D E96 BF2CE6C324<D :? E96 q:8 %6?[ 368:??:?8 H:E9 2 4=62C\4FE E@A EH@ik^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`] yF=:2? $2J:?[ ~9:@ $E2E6k^DA2?mk^Am

kAm|2J36 E96 3:886DE 9FC5=6 E@ D2J:? 4=2:>:?8 E96 w6:D>2? EC@A9J :D 9:D E62>>2E6[ H:56 C646:G6C y6C6>:29 D>:E9[ H9@ :D H:56=J D66? 2D E96 36DE A@F?5\7@C\A@F?5 A=2J6C :? E96 4@F?ECJ] %@ 9:D 4C65:E[ D2J:? :D 4@>:?8 @77 2 J62C H:E9 b[e`_ J2C5D 2?5 ba E@F495@H?D H9:=6 2G6C28:?8 h]a J2C5D A6C 2EE6>AE] E96C6VD 6G6CJ C62D@? E@ E9:?< 96V== E2<6 2?@E96C DE6A 7@CH2C5 :? a_ae F?56C ?6H ~$& @776?D:G6 4@@C5:?2E@C pCE9FC D>:E9]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qma] s2?E6 |@@C6[ ~C68@?k^DA2?mk^Am

kAm|@@C6 :D D66? 2D >2J36 E96 ?2E:@?VD E@A @G6C2== 5C27E AC@DA64E 27E6C 2 a_ad D62D@? E92E D2H 9:> E9C@H 7@C b_ D4@C6D :? =625:?8 E96 5F4<D E@ E96 A=2J@77 D6>:7:?2=D] w6V== 92G6 E@ AC@G6 96 42? 92?5=6 x?5:2?2 27E6C E@DD:?8 E9C66 :?E6C46AE:@?D :? EH@ =@DD6D E@ E96 w@@D:6CD]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qmb] s6>@?5 (:==:2>D yC][ (2D9:?8E@?k^DA2?mk^Am

kAmp7E6C 4@>A=6E:?8 eh]dT @7 9:D 2EE6>AED 7@C b[_ed J2C5D 2?5 ag D4@C6D =2DE J62C[ (:==:2>D :D A@:D65 E@ 364@>6 2 ?2E:@?2= ?2>6 :7 E96 wFD<:6D 5@ 36EE6C 282:?DE 6=:E6 4@>A6E:E:@?] &( >2?2865 ;FDE af 4@>3:?65 A@:?ED :? =@DD6D E@ ~9:@ DE2E6[ |:49:82? 2?5 ~C68@?]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qmc] y@D9 w@@G6C[ x?5:2?2k^DA2?mk^Am

kAmw@@G6C 364@>6D E96 ?6IE EC2?D76C E@ 8C23 E96 C6:?D @7 E96 x& @776?D6 27E6C 2 AC@5F4E:G6 CF? 2E %r&] E96 @?6 42E49 :D EFC?@G6CD] w@@G6C H2D :? 2 9:89\G@=F>6 DJDE6> 3FE DE:== E@DD65 ac :?E6C46AE:@?D E96 A2DE EH@ J62CD[ E96 >2;@C:EJ 4@>:?8 @? E96 C@25]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qmd] y2J56? |2:2G2[ &$rk^DA2?mk^Am

kAm|2:2G2 86ED =@DE :? E96 D9F77=6 :? E96 3:8 E6? 3FE 92D 2? @AA@CEF?:EJ E@ 4=:>3 E9:D =:DE :7 &$r 42? =62A 324< :?E@ E96 A=2J@77 A:4EFC6] E96 7@C>6C &}{' EC2?D76C H:== 92G6 A=6?EJ E@ H@C< H:E9 E92?<D E@ >@C6 EC2?D76C 96=A 2?5 E96 255:E:@? @7 @?6 @7 E96 J62CVD E@A C64CF:E:?8 4=2DD6D]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qme] }:4@ x2>2=62G2[ &r{pk^DA2?mk^Am

kAmp7E6C 2 9:E\@C\>:DD 7:CDE J62C 2E &r{p[ x2>2=62G2 H:== 86E 2 36EE6C 492?46 E@ D9@H42D6 9:D D<:== D6E F?56C ?6H 4@249 3@3 r96D?6J] r96D?6JVD @776?D6 2E y2>6D |25:D@? C2?<65 ?:?E9 :? A@:?ED A6C 82>6 =2DE D62D@? 2D E96 5F<6D >256 E96 A=2J@77]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qmf] #@44@ q649E[ !6?? $E2E6k^DA2?mk^Am

kAmq649E :D @?6 @7 E96 >@DE 6IA6C:6?465 BF2CE6C324<D :? E96 4@F?ECJ 2?5 2 9F86 86E 7@C !6?? DE2E6[ H9:49 42? =62? @? 9:D <?@H=6586 @7 >2EE r2>A36==VD D496>6 2?5 DEJ=6 E@ 96=A DA665 FA E96 =62C?:?8 4FCG6 F?56C E96 7@C>6C x@H2 DE2E6 4@249]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qmg] qCJ46 &?56CH@@5[ |:49:82?k^DA2?mk^Am

kAm(96E96C E96 ?6H |:49:82? DE277 42? 86E >@C6 @FE @7 &?56CH@@5 :D @?6 @7 E96 =628F6VD 3:886DE AC6D62D@? BF6DE:@?D] v:G6? 9:D 7:G6\DE2C E2=6?E 2?5 E96 C646?E H@C< 5@?6 3J @776?D:G6 4@@C5:?2E@C y2D@? 364<[ &?56CH@@5 92D 2 G6CJ 8@@5 492?46 @7 3=@DD@>:?8 2E D@>6 A@:?E E9:D D62D@?]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qmh] p?E9@?J r@=2?5C62[ }63C2D<2k^DA2?mk^Am

kAmr@=2?5C62 DE2CE65 2E ':C8:?:2 2?5 E96? EC2?D76CC65 E@ &}{'[ H96C6 9:D 42C66C E@@< @77 F?56C 4@249 52? |F==6?] (:E9 9:D :>AC@G:D2E:@?2= D<:==D 2?5 CF??:?8 23:=:EJ[ 96 >:89E 36 ;FDE H92E }63C2D<2 ?665D F?56C 46?E6C 27E6C C6=J:?8 E96 A2DE EH@ J62CD @? E96 >@C6 :>>@3:=6 sJ=2? #2:@=2[ H9@ 92D D:?46 =67E 7@C E96 324<FA C@=6 2E ~C68@?]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`_] sC2<6 {:?5D6J[ |:??6D@E2k^DA2?mk^Am

kAm{:?5D6J H2D @?6 @7 E96 ?:46DE DFCAC:D6D :? E96 3:8 E6? 2D 2 7C6D9>2?[ A@DE:?8 `g E@F495@H?D E9C@F89 E96 2:C 2?5 2?@E96C 7@FC @? E96 8C@F?5 H9:=6 E@DD:?8 ;FDE D:I :?E6C46AE:@?D :? bgh 2EE6>AED] 27E6C 2 >:5D62D@? =F== 282:?DE D@>6 @7 E96 =628F6VD 36DE E62>D[ 96 C63@F?565 E@ A@DE 6:89E D4@C6D H:E9@FE 2 A:4< 7C@> E96 DE2CE @7 }@G6>36C E9C@F89 E96 3@H= H:? 282:?DE ?6H |6I:4@] ?6IE[ {:?5D6J 92D E@ H@C< @? 56G6=@A:?8 >@C6 A@4<6E 2H2C6?6DD 27E6C DECF88=:?8 282:?DE 3:8 E6? A2DD CFD96D :? a_ad]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm``] |2=:< (2D9:?8E@?[ |2CJ=2?5k^DA2?mk^Am

kAm(2D9:?8E@? 92D 2==\4@?76C6?46 A@E6?E:2= :7 |2CJ=2?5 42? <66A 9:D 56G6=@A>6?E @? EC24<] %96C6 H6C6 4=62C 7=2D96D :? a_ad[ ?@E23=J :? 4@>A6E:E:G6 =@DD6D E@ }63C2D<2 2?5 |:49:82? DE2E6] |2<:?8 DFC6 (2D9:?8E@? 7F=7:==D 9:D A@E6?E:2= :D G:E2= 7@C E96 :>>65:2E6 7FEFC6 @7 |2CJ=2?5 7@@E32== 2?5 F?56C\7:C6 4@249 >:<6 {@4<D=6J]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`a] r@=E@? y@D6A9[ (:D4@?D:?k^DA2?mk^Am

kAmy@D6A9 :D 72DE 6?@F89 E@ 3FDE @77 2 fdJ2C5 E@F495@H? CF? 282:?DE E96 ?2E:@?2= 492>A:@?D[ 2D 96 5:5 @? E96 7:CDE A=2J @7 =2DE D62D@? :? ~=5 5@>:?:@?VD @A6?6C 282:?DE x?5:2?2] 3FE 96V== 36 A=2465 :? >@C6 @7 2 5C@A\324< A2DD:?8 82>6 2E (:D4@?D:? 27E6C D9@H42D:?8 9:D 5F2=\E9C62E 23:=:EJ 2E ~s& E@ E96 EF?6 @7 a[eac A2DD:?8 J2C5D 2?5 2?@E96C `[__f J2C5D @? E96 8C@F?5] E96 32586CD H:== 8@ @?=J 2D 72C 2D E96 @776?D6 8@6D[ 2?5 E96 @776?D6 H:== 8@ @?=J 2D 72C 2D y@D6A9VD 4@>7@CE =6G6= 2==@HD]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`b] z2E:? w@FD6C[ x==:?@:Dk^DA2?mk^Am

kAmw@FD6C W62DE r2C@=:?2X :D @?6 @7 E9C66 vC@FA @7 D:I EC2?D76CD D6E E@ DE2CE :? E96 3:8 E6?[ ;@:?:?8 r@=2?5C62 2?5 y@D6A9] w6VD >F49 >@C6 @7 2 EC25:E:@?2= A2DD6C E92? E92E A2:C[ H:E9 8C62E D:K6 2?5 6?@F89 @7 2? 2C> E@ AFD9 E96 32== 5@H?7:6=5 :? x==:?@:D 4@@C5:?2E@C q2CCJ {F??6JVD D496>6] w@FD6C H6?E 7@C b[b__ J2C5D[ `h E@F495@H?D 2?5 ;FDE D:I :?E6C46AE:@?D =2DE D62D@? 2?5 H6?E `c\e 2D E96 DE2CE6C 7@C tr&]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`c] p:52? r9:=6D[ }@CE9H6DE6C?k^DA2?mk^Am

kAmp7E6C 2 5:D2AA@:?E:?8 CF? 2E |:49:82? DE2E6[ r9:=6D 92D 2?@E96C 492?46 E@ >2I:>:K6 9:D @3G:@FD 8:7ED F?56C ?6H ?@CE9H6DE6C? @776?D:G6 4@@C5:?2E@C r9:A z6==J] w6 92D E96 E@@=D E@ DF44665 2?5 4@F=5 7=@FC:D9 :? E9:D 7C:6?5=J D496>6]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`d] p=6DD:@ |:=:G@;6G:4[ |:49:82? $E2E6k^DA2?mk^Am

kAm%96C6 :D?VE 2 3:8 D2>A=6 D:K6 @? |:=:G@;6G:4[ H9@ >256 7@FC DE2CED :? 2 =@DE a_ad D62D@? 7@C |$& 2?5 925 `_ E@F495@H?D 282:?DE E9C66 :?E6C46AE:@?D H9:=6 DECF88=:?8 H:E9 9:D A@4<6E 4@>>2?5] E96 62C=J C6DF=ED 2C6 AC6EEJ AC@>:D:?8[ E9@F89]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`e] sJ=2? {@?6C82?[ #FE86CDk^DA2?mk^Am

kAm%96 q@DE@? r@==686 EC2?D76C 92D 366? H2J E@@ :?4@?D:DE6?E 2D 2 DE2CE6C 2?5 >FDE 7:?5 2 H2J E@ 2G@:5 E96 >F=E:A=6\82>6 5:A :? AC@5F4E:@? E92E 567:?65 9:D a_ad D62D@?] %@ {@?6C82?VD 4C65:E[ 96 5:5 E9C@H ;FDE 7:G6 :?E6C46AE:@?D :? agc 2EE6>AED]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`f] #J2? qC@H?6[ !FC5F6k^DA2?mk^Am

kAmqC@H?6 C2?<65 ?62C E96 3@EE@> @7 E96 A@H6C u@FC =2DE D62D@? :? E@F495@H?\E@\:?E6C46AE:@? C2E:@[ 4@>A=6E:@? A6C46?E286 2?5 677:4:6?4J C2E:?8] !FC5F6 H:== 8:G6 9:> 2 36EE6C DFAA@CE:?8 42DE[ D@ E96 ?F>36CD D9@F=5 :>AC@G6] E96C6VD A=6?EJ @7 C@@> 7@C :>AC@G6>6?E[ E9@F89]k^Am

kAmkDA2? DEJ=6lQ7@?E\H6:89Ei3@=5Qm`g] w2?< qC@H? @C y6C6>J w64<=:?D<:[ x@H2k^DA2?mk^Am

kAmu@C ?@H[ x@H2 =2?5D =2DE 7@C E96 F?46CE2:?EJ 23@FE H9:49 A=2J6C H:== E2<6 DE2CE:?8 D?2AD 368:??:?8 H:E9 E96 @A6?6C 282:?DE ?@CE96C? x==:?@:D] 3C@H? We\c 2?5 a`g A@F?5DX 92D >@C6 AC@E@EJA:42= D:K6 2?5 E96 3:886C 2C> 3FE w64<=:?D<: 92D E96 2E9=6E:4:D> E@ >2E49 7@C>6C DE2CE6C >2C< vC@?@HD<:VD :>A24E @? E96 CF??:?8 82>6]k^Am