slides · global inventory
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Component collection for the active corpus filters, with each row opening the slide detail view.
Matching slides 60,568
Current window 26,971-27,000
Pages 2,019
Rows per page 30
Component
26,971-27,000 of 60,568
18
Includes specific arrows pointing to inter-company eliminations and rent/fee adjustments.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor Beat · Evidence & Proof1 hit
20
The slide highlights the resilience of the Real Estate and Franchise segment compared to the core McOpCo business.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor Beat · Evidence & Proof1 hit
21
The chart compares Pershing's assumptions for earlier years against reported financials for later years.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
23
The slide uses a quote to frame the argument that owner-operators are more efficient than corporate managers.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
28
The table highlights the significant margin expansion (EBITDA, EBITDA-Capex, FCF) resulting from the proposed transaction.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor Beat · Solution & Approach1 hit
31
The slide argues for a valuation re-rating of McDonald's by comparing it to higher-multiple sectors.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
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
33
Part of Pershing Square's proposal for a McOpCo IPO.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
37
The slide uses a yellow bar for McDonald's to distinguish it from the blue bars of the peer group.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
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
Activist deck Activist investor 1 hit
50
The slide argues for a valuation re-rating by comparing McDonald's to higher-multiple sectors.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
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
53
The slide uses a comparison frame to highlight the superior yield of the proposed McDonald's structure compared to a REIT benchmark.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
54
The slide uses a comparative framework to highlight the yield advantage of McDonald's stock over risk-free government debt.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
55
The slide uses a comparison frame to highlight the superior yield of McDonald's stock over TIPS.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
56
Includes a section divider box in the top left corner.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
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
70
The slide includes a specific assumption regarding the allocation of G&A (75% to Real Estate/Franchise, 25% to McOpCo).McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
71
The slide details the separation of rent and franchise income/expenses between the two entities.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
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
Activist deck Activist investor 1 hit
73
The slide includes a yellow callout box explaining the derivation of Free Cash Flows and the impact of proceeds from closures.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
74
Includes CAGR calculations for the 2006-2011 period.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
75
Page 74 of the deck.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
78
Page number 77 indicated at the bottom.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
79
Page number 78. References assumptions on page 76.McDonald's Corporation (MCD) · William Ackman
Activist deck Activist investor 1 hit
07
The slide uses a historical precedent to frame Wendy's current situation as a turnaround opportunity similar to McDonald's past.Wendy's International (WEN) · Pershing Square Capital Management
Conference presentation Activist investor 1 hit
17
The table uses a standard EBITDA multiple valuation approach.Wendy's International (WEN) · Pershing Square Capital Management
Conference presentation Activist investor Beat · Solution1 hit
18
The median price of $1.403mm is highlighted with a dashed circle.Wendy's International (WEN) · Pershing Square Capital Management
Conference presentation Activist investor Beat · Solution1 hit
19
The slide uses a bottom-up approach to value fee simple units and building-only units, then adjusts for tax basis and compares to total enterprise value.Wendy's International (WEN) · Pershing Square Capital Management
Conference presentation Activist investor Beat · Solution1 hit