Pershing Square | Activist Presentation Deck

Pershing Square | Activist Presentation Deck | 31 slides

Pershing Square · 2008-05

arc beats above · slides in the middle · loops below · scroll → 2 LOOPS

Deck intelligence map

coverage by narrative range · generated from this deck JSON

Narrative range 29 total

Metadata

Components

Metrics

Tools

Frameworks

Beats

Loops

Problem 3 slides 100% 3/3 slides 100% 3/3 slides · 21 hits

— 0/3 slides

33.3% 1/3 slides 100% 3/3 slides 100% 3/3 slides 33.3% 1/3 slides Agitate 7 slides 100% 7/7 slides 100% 7/7 slides · 30 hits

— 0/7 slides

71.4% 5/7 slides · 6 hits 71.4% 5/7 slides 100% 7/7 slides 71.4% 5/7 slides Solution 19 slides 100% 19/19 slides 100% 19/19 slides · 81 hits

— 0/19 slides

31.6% 6/19 slides 26.3% 5/19 slides 100% 19/19 slides 31.6% 6/19 slides

Slide inventory

every slide · same image gating as the playbook

front_matter

Open slide detail

other

Open slide detail

Uses a 'before' snapshot to set up a future turnaround narrative.frame_situation

Open slide detailBeat · Problem

Uses a before-after bridge to visualize the reclassification of EBITDA components.expose_contradiction

Open slide detailBeat · Problem

Uses a before-after-bridge framework to contrast historical problems with current successes.diagnose_problem

Open slide detailBeat · ProblemLoop · Before After

The slide uses a causal link between strategic initiatives and stock price appreciation.summarize

Open slide detailBeat · AgitateLoop · Before After

Uses a 'before-after' framing technique to suggest Wendy's is at a similar inflection point as McDonald's was in 2002.compare_peers

Open slide detailBeat · AgitateLoop · Before After

front_matter

Open slide detailBeat · AgitateLoop · Before After

Slide 8 of an activist deck, likely from Pershing Square's campaign.establish_context

Open slide detailBeat · AgitateLoop · Before After

The slide uses a line chart with callout boxes to annotate specific events on the stock price trajectory.frame_situation

Open slide detailBeat · AgitateLoop · Before After

The chart highlights Wendy's as 'Standalone Unfixed' compared to peers.compare_peers

Open slide detailBeat · Agitate

The chart highlights a significant divergence in performance between Wendy's and its peers.compare_peers

Open slide detailBeat · Agitate

transition

Open slide detailBeat · Solution

The slide uses a hierarchical diagram to explain the revenue and asset structure of the company.establish_context

Open slide detailBeat · Solution

Uses a before-after bridge to reallocate EBITDA, highlighting the underlying business model.analyze_data

Open slide detailBeat · Solution

The slide uses a split-layout to define the business model and list its core value drivers.establish_context

Open slide detailBeat · Solution

Includes arrows pointing to EBITDA and Multiple rows.show_valuation_bridge

Open slide detailBeat · Solution

The median price of $1.403mm is highlighted with a dashed circle.cite_precedent

Open slide detailBeat · Solution

The slide uses a sum-of-the-parts approach to value fee simple units and building-only units, then adjusts for tax implications.show_valuation_bridge

Open slide detailBeat · Solution

The slide uses a 'before-after' comparison to highlight the potential value creation from operational improvements.quantify_opportunity