Pershing Square Activist Presentation Deck slide image

Pershing Square Activist Presentation Deck

QSR Share Price Performance Since Inception QSR's share price increased 3% in 2021 and has decreased 7% year-to-date in 2022(1) QSR Share Price Performance From 6/9/2012 to 2/8/2022: Share price $80 $70 $60 $50 $40 $30 $20 $10 Jun-2012 8/24/14: QSR announces acquisition of Tim Hortons Jan-2014 1/23/19: QSR announces leadership transition, elevating Daniel Schwartz to Executive Chairman and Jose Cil to CEO 2/1/17: QSR announces acquisition of Popeyes Aug-2015 Mar-2017 Oct-2018 11/15/21: QSR announces acquisition of Firehouse Subs May May-2020 Note: The performance of QSR'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 presentation. (1) As of 2/8/2022. Dec-2021 $57 $16* 55
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