Transcription of Annual Investor Presentation
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Annual Investor Presentation
Annual Investor PresentationFebruary 18, 2021 DisclaimerAll information provided herein is for informational purposes only and should not be deemed as a recommendation to buy or sell any security mentioned. Pershing Square Capital Management, ( Pershing Square ) believes this Presentation contains a balanced Presentation of the performance of the portfolio it manages, including a general summary of certain portfolio holdings that have both over and under performed our expectations. T his Presentation contains information and analyses relating to all of the publicly disclosed positions over 50 basis points in the portfolio of Pershing Square Holdings, Ltd.
Overview of 2020 Performance 8 2020 was an outstanding year for PSH with NAV appreciation of 70.2% and a total shareholder return of 84.8%1 PSH’s discount to NAV narrowed by 5.9% from 28.9% in the beginning of 2020 to
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