Pershing Square Investor Presentation Deck
Agilent Share Price Performance Since Inception
Agilent's share price including dividends increased 40% in 2020 and
increased 8% year-to-date in 20211
A share price performance from 9/4/2019 to 2/16/2021:
$130
Share price
$120
$110
$100
$90
$80
$70
$60
11/25/19: Agilent reports
FY '19 earnings with
organic revenue growth
of 5% and EPS growth
of 11% despite a
temporary slowdown in
instrument sales
12/9/19: Pershing Square
announces investment in Agilent
Sep-2019
Dec-2019
Mar-2020
12/9/20: Agilent hosts Analyst Day and
raises long-term revenue growth and
margin expansion targets
11/23/20: Agilent reports highly resilient
FY '20 earnings with 1% organic revenue
growth, 20bps of EBIT margin
improvement and 6% EPS growth
Vor
Jun-2020
I
น
genter.
Dec-2020
$128
Sep-2020
Note: The performance of Agilent's share price is provided for illustrative purposes only and is not an indication of futurere turns 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 presentation.
(1) As of 2/16/2021.
43
$77*View entire presentation