Pershing Square Investor Presentation Deck
HHC Share Price Performance Since Inception
HHC's share price decreased 38% in 2020 and increased 26% year-to-date
in 2021¹
HHC share price performance from 11/9/2010 to 2/16/2021:
$170
Share price
$150
$130
$110
$90
$70
$50
$30
Nov-2010
Nov-2012
Nov-2014
6/27/19: HHC announces its
Board of Directors will be
conducting a detailed review
of strategic alternatives
10/21/19: HHC Board
concludes review
process and announces
transformation plan
lym
3/27/20: HHC raises $600mm of equity
at $50/share, including $500mm from
Pershing Square, to stabilize its
balance sheet
Nov-2016
Nov-2018
12/1/2020:
Announces David
O'Reilly as new CEO
and Jay Cross as
new President
$100
$37*
Nov-2020
Note: The performance of HHC'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.
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