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Investor Presentaiton

Relationships & trust. ValueAct Capital Values Transparency & respect. Responsibility & long-term thinking. We place great value on our relationships with current and former portfolio companies, as well as with the institutional investor community. We always consider what is in the best interest of the company and all stakeholders. Our team culture promotes openness, shared learning and shared rewards. We succeed or fail together. We apply this same approach to working with our portfolio companies. We believe in investing for the long term and managing companies for the long term. This requires integrity, a deep understanding of industry structure and business strategy, and a consideration of relevant social, ethical and environmental issues. 66
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