Pershing Square Holdings Portfolio (multi-position) (PSH) · page 31 of 95
Pershing Square Holdings Portfolio (multi-position) (PSH) · slide 31
Activist deck · key_messages · summarize · balanced density
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Audience Definition slide · 70%
Franchised business model is a capital-light, high-growth annuity; Brand royalty franchise fees (4-5% of unit sales) generate high margins; Significant unit growth opportunity requires little capital; Same-s
Thesis archetype slide · 70%Control shareholder 3G is ideal operating partner and sponsor; Excellent management team; Unique and impactful culture, compensation system, and business processes
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