Trian Partners Activist Presentation Deck
Long Track Record of Value Creation in the Consumer Sector
▪ Trian has worked closely with numerous companies across the consumer
landscape, and has demonstrated a consistent track record of value creation
with numerous corporate and brand turnarounds
(2)
Trian Consumer Investments Where Nelson Peltz Served on the Board
-
EPS Growth vs.
S&P 500(1)
-
+780bps
(annual EPS growth differential)
Company TSR vs.
S&P 500(2)
+880bps
▪ Most importantly, we seek to help companies we invest in achieve value creation through
improved operating performance:
(annual TSR outperformance)
Re-allocating corporate resources to improve top-line growth and market share performance
Increasing investments to enhance and protect the company's long-term strategic positioning
Reducing costs/overhead in areas that impede the company's ability to compete effectively
Note: "Trian Consumer Investments Where Nelson Peltz Served on the Board" includes Sysco, Mondelez, Heinz, and Wendy's. Such investments do not represent all of the investments purchased or sold for
Trian's clients and it should not be assumed that any or all of these investments were or will be profitable.
(1) Represents average annual adjusted EPS growth outperformance for Trian's Consumer Investments where Nelson Peltz served on the Board vs. the S&P 500's annual EPS growth, during the time that
Trian held the investments. S&P 500 data is obtained from Bloomberg using the "SPX" ticker. We highlight the S&P 500 here only as a widely recognized index, however, for various reasons the performance
of the index and that of Trian's Consumer Investments may not be comparable. While Trian believes that earnings per share growth at Trian's Consumer Investments where Nelson Peltz served on the
Board was attributable in large part to the cumulative effects of the implementation of operational and strategic initiatives during the period of Trian's active involvement and beyond, there is no objective
method to confirm what portion of such growth was attributable to Trian's efforts and what may have been attributable to other factors. This presentation does not provide the performance of Trian's funds or
the performance of individual fund investments.
Represents average total shareholder return (TSR) outperformance for the relevant companies vs. the S&P 500's TSR from the date of Trian's first purchase through the earlier of June 20, 2017 or the last
day that the company's shares were publicly traded. The TSR analysis reflects the change in the stock price of each company plus the effect of dividends received over the relevant time period. The TSR
outperformance figures should not be construed as an indication of the performance of the funds managed by Trian and it should not be assumed that any or all of Trian's Consumer Investments were or will
be profitable in any of the funds managed by Trian.
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