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Matching slides 96,741
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77,551-77,580 of 96,741
32
Part of Pershing Square's proposal for a McDonald's spin-off/IPO.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
34
The slide presents a valuation model based on 2006E EBITDA multiples.McDonald's Corporation (MCD) · William Ackman
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35
Includes detailed footnotes explaining debt allocation, stake in McOpCo, and share repurchase assumptions.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
36
The slide outlines a recapitalization strategy involving debt issuance to fund share buybacks.McDonald's Corporation (MCD) · William Ackman
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38
Stock prices as of 11/11/2005. PF McDonald's EV assumes a valuation multiple of 13x EV/FY'06 EBITDA. Total Debt includes Preferred.McDonald's Corporation (MCD) · William Ackman
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39
Part of Pershing Square's proposal for a McOpCo IPO.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
42
The slide uses a three-column layout to categorize management concerns and a bottom callout to neutralize them.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
43
The slide highlights a specific qualitative judgment from advisors regarding the trading profile of PF McDonald's.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
45
Part of a section titled 'Developing a Response to the Company'.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
46
Part of section V: Developing a Response to the Company.McDonald's Corporation (MCD) · William Ackman
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47
McDonald's Corporation (MCD)McDonald's Corporation (MCD) · William Ackman
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49
The slide uses a provocative thesis to reframe the company's business model.McDonald's Corporation (MCD) · William Ackman
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50
The slide argues for a valuation re-rating by comparing McDonald's to higher-multiple sectors.McDonald's Corporation (MCD) · William Ackman
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52
The chart distinguishes between 'Based on Pershing Assumptions' (1990-1999) and 'Based on Reported Financials' (2000-2004).McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
57
Slide 56 of the deck.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor Beat · Impact & Next Steps1 hit
62
Part of Pershing Square's proposal for McDonald's.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
63
The slide outlines a financial engineering proposal involving a spin-off/IPO structure with tax and debt considerations.McDonald's Corporation (MCD) · William Ackman
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64
The slide details the tax impact on the distribution to PF McDonald's based on equity market value, book basis, and net debt.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
65
Part of Pershing Square's activist proposal for McDonald's.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
66
Data as of 11/10/05. Uses treasury stock method.McDonald's Corporation (MCD) · William Ackman
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67
Includes WACC calculation table and two sensitivity matrices (Equity Risk Premium vs Levered Beta and Debt/TEV vs Levered Beta).McDonald's Corporation (MCD) · William Ackman
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69
Includes specific growth rates, revenue/cost drivers, CapEx assumptions, and capital structure details.McDonald's Corporation (MCD) · William Ackman
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72
The table details revenue, operating expenses, EBIT, EBITDA, and Capex across different business segments and inter-company eliminations.McDonald's Corporation (MCD) · William Ackman
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74
Includes CAGR calculations for the 2006-2011 period.McDonald's Corporation (MCD) · William Ackman
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75
Page 74 of the deck.McDonald's Corporation (MCD) · William Ackman
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77
Part of a financial analysis section.McDonald's Corporation (MCD) · William Ackman
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78
Page number 77 indicated at the bottom.McDonald's Corporation (MCD) · William Ackman
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79
Page number 78. References assumptions on page 76.McDonald's Corporation (MCD) · William Ackman
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04
Uses a before-after framing to challenge the conventional perception of McDonald's business model.Wendy's International (WEN) · Pershing Square Capital Management
Conference presentation Activist investor Beat · Market Size1 hit
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Wendy's International (WEN)Wendy's International (WEN) · Pershing Square Capital Management
Conference presentation Activist investor Beat · Solution1 hit