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  "documentTitle": "Pershing Square | Activist Presentation Deck | 110 slides",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2014-04-01 00:00:00",
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  "pageNumber": 73,
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  "notes": "Includes a disclaimer regarding forward-looking statements and management estimates.",
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      "kind": "disclaimer",
      "text": "The estimated long-term growth rates set forth above are derived from, among other sources. Company management statements regarding estimated future revenue growth. Those statements are subject to numerous assumptions, risks and uncertainties that may change over time and could cause actual results to differ materially. Valeant Public Presentation April 22, 2014: Valeant believes Val-gan can achieve \"[h]igh single-digit organic revenue growth for the foreseeable future\" across the entire business, including both the cliff and durable portfolio.",
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      "kind": "paragraph",
      "text": "Based on management estimates and our independent research and analysis, we estimate 6% to 8% long-term revenue growth. Our estimate is a slight discount to Valeant management estimates",
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      "text": "Table showing 2014E % of Total Sales and Est. Long-Term Growth (Base/High) for Allergan and Valeant segments.",
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      "kind": "title",
      "text": "Durable Portfolio: Participation in Fast Growing Categories",
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      "evidence": "Valuation analysis and comparison to peers",
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      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
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