Howard Hughes Corporation (HHC)

William Ackman · 2017-05
arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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coverage by narrative range · generated from this deck JSON

Slide inventory

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every slide · same image gating as the playbook
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Slide 1
front_matter
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front_matter
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diagnose_problem
Open slide detailBeat · Problem (Identify pain)
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The slide uses a callout box to summarize key stats and facts about the subject.introduce_nominees
Open slide detailBeat · Agitate (Make it worse)
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The slide uses a 'before-after' visual comparison to support a specific investment thesis regarding master-planned communities.establish_context
Open slide detailBeat · Agitate (Make it worse)Loop · Before After
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MPC stands for Master Planned Community.establish_context
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establish_context
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The slide outlines a business strategy focused on long-term value, conservative financing, and controlled development.summarize
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present_framework
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summarize
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frame_problem
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front_matter
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The slide uses circular image callouts to represent specific property locations on a US map.establish_context
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The slide uses a comparison table to establish the scale and maturity of HHC's assets.compare_peers
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The slide uses a historical timeline to establish that HHC's current asset portfolio has a long history of prior ownership, drawing a parallel to Donald Bren's cite_precedent
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establish_context
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The slide emphasizes long-term holding strategy by showing price appreciation over time.analyze_data
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compare_peers
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The slide uses a contrast-pairs framework to highlight the strategic shift in management philosophy.summarize
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The slide uses a circular flow diagram to explain business model integration.present_framework
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transition
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Slide 21 in the deck.filler
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HHC refers to The Howard Hughes Corporation.summarize
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MPC stands for Master Planned Community.illustrate_case
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The slide uses a large background image of the development to provide visual proof of the project's scale.summarize
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The slide features an aerial photograph with a white outline demarcating the Summerlin property boundaries and labels for specific areas.front_matter
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summarize
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quantify_opportunity
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The slide uses an annotated aerial photograph to illustrate real estate development potential.establish_context
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This slide is likely part of a 'before and after' sequence showing the development progress of the area.establish_context
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filler
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present_solution
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show_valuation_bridge
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frame_problem
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The slide uses a 'back of the envelope' approach to justify lower capitalization and discount rates for HHC's assets.show_valuation_bridge
Open slide detailBeat · Solution (Provide relief)Loop · Mece Breakdown
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The slide outlines a specific valuation methodology for HHC's residential land assets.present_framework
Open slide detailBeat · Solution (Provide relief)Loop · Mece Breakdown
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The slide lists specific real estate assets and provides brief qualitative or quantitative context for each.analyze_data
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The slide uses a rhetorical question to transition into a detailed valuation breakdown.show_valuation_bridge
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The slide serves as a visual representation of a project outcome.illustrate_case
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summarize
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This is the 'before' slide in a before-after sequence showing urban development.establish_context
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MPC stands for Master Planned Community. Slide 41.summarize
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front_matter
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front_matter
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The slide serves as a visual anchor for a real estate development project, identifying key buildings within the 9M square foot master plan.establish_context
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Uses a 'back of the envelope' extrapolation method to quantify future value creation potential.size_opportunity
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summarize
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summarize
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summarize
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state_next_steps
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