Pershing Square Activist Presentation Deck slide image

Pershing Square Activist Presentation Deck

BRK.B Share Price Performance Since Inception BRK's share price increased 10% from our average cost at inception to December 31, 2019, and decreased 1% year-to-date in 2020¹ Share price BRK.B share price performance from 5/23/2019 to 2/4/2020 $240 $230 $220 $210 $200 $190 11/2/19: BRK reports Q3 results which feature significant appreciation in BRK's insurance tangible book value. BRK's cash balance rises to $128 billion Map www Jul-2019 www. May-2019 Sep-2019 Dec-2019 Note: The performance of BRK.B'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 2/4/2020 37 $225 $206* Feb-2020
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