Pershing Square Investor Presentation Deck
CMG Share Price Performance Since Inception
CMG's share price increased 66% in 2020 and increased 7% year-to-date
in 2021¹
CMG share price performance from 8/4/2016 to 2/16/2021:
$1,600
Share price
$1,400
$1,200
$1,000
$800
$600
$400
$200
9/6/16: Pershing Square
files 13D after market
close with a 9.9% stake
12/16/16: CMG
announces four new
directors added to its
board, including Ali
Namvar and Matthew
Paull from Pershing
Square
12/12/16: Steve Ells
named sole CEO;
Monty Moran resigns
$0
Aug-2016
11/29/17: CMG
announces search
for new CEO;
founder Steve Ells
to become
Executive Chairman
2/13/18: CMG names
Brian Niccol as CEO
2/6/19: CMG reports
Q4'18 earnings
including a return to
transaction growth
Feb-2018
4/21/20: CMG holds
Q1'20 earnings call,
noting peak digital
sales mix of nearly
70% in April
3/12/19: Loyalty
program launched
4/25/18: CMG reports Q1'18 earnings
and hosts first call with Niccol
Nov-2018
May-2017
Aug-2019
May-2020
Note: The performance of CMG's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds.
*Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presenta tio n.
(1) As of 2/16/2021.
41
lehen
$1,484
$405*
Feb-2021View entire presentation