Pershing Square Activist Presentation Deck
I.
Overview of McDonald's
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McDonald's
Review of McDonald's
World's largest foodservice franchisor and retailer
$42 billion equity market value
$55 billion in estimated system wide sales
► 32,000 system wide restaurants, globally
Serves 50 million customers daily in 119 countries
Everyday 1 out of 14 Americans eats at a McDonald's
One of the world's most recognized brands
► Consistently named in the top 10 global brands along with Coke and Disney
One of the largest retail property owners in the world
Estimated owned and controlled real estate market value of $46 billion (¹)
► Estimated 18,000 restaurants where McDonald's owns land and/or building
Significant free cash flow business
(1) Based on Pershing's assumptions. See page 64 in the appendix.
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