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  "documentTitle": "Trian Partners | Activist Presentation Deck | 133 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
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  "presentationDate": "2024-03-01 00:00:00",
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  "pageNumber": 89,
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  "notes": "Uses a before-after framework to demonstrate the impact of Trian's board involvement.",
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      "kind": "chart",
      "text": "Dramatically Improved Operating and Financial Performance: Avg. Organic Growth (2% to 6%) and Adj. EBIT Margin (20% to 24%)",
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      "text": "Situation Overview: P&G's historical underperformance and Trian's intervention.",
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      "text": "Results: Significant improvement in financial performance, market share, accountability, and brand health.",
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      "kind": "paragraph",
      "text": "The turnaround at P&G is a case study on how Trian's involvement at the board level can help a company unlock its full potential.",
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      "kind": "source-note",
      "text": "Source: SEC filings, Company presentations and press releases, FactSet. Note: (1) Trian considers P&G's peers to include Beiersdorf, Church & Dwight, Clorox, Colgate, Edgewell Personal Care, Henkel, Kimberly-Clark, L'Oréal, Reckitt Benckiser and Unilever. (2) P&G improved Product Superiority from 30% in FY16 to 75% by September 2021.",
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      "kind": "title",
      "text": "The Procter & Gamble Company (\"P&G\") Case Study",
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      "evidence": "Contrasts P&G's historical underperformance with post-intervention results.",
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      "evidence": "The document proposes Trian Partners' nominees as a solution to restore the magic at Disney.",
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