UBS Results Presentation Deck

Asset Management Total revenues, m [ 578 (13%) Profit before tax, m r 174 (46%) 1Q22 502 94 1Q23 UBS Balances as of quarter-end USDm, except where indicated Total revenues Net management fees Performance fees Credit loss expense / (release) Operating expenses Profit before tax Cost / income ratio Invested assets, bn Net new money, bn 1Q23 502 479 23 0 408 94 81% 1,117 14 4Q22 1Q22 QoQ 495 471 24 0 372 124 578 561 11 17 (3%) 0 404 174 75% 70% 1,064 1,154 8 YoY +1% (13%) +2% (15%) +40% +10% +1% (24%) (46%) +6pp +11pp +5% (3%) PBT 94m Total revenues (13%) - Lower net management fees mainly driven by markets and FX as well as a (17m) one-off pass-through fee with the corresponding offset in performance fees - Higher performance fees mainly driven by the one-off fee pass-through booking Cost/income 81%; operating expenses +1% driven by increases in strategic investments and expenses related to cost actions, partly offset by lower variable compensation Invested assets 1,117bn, +5% QoQ reflecting positive market performance, net new money inflows and positive FX effects NNM +14bn, +5% annualized growth, including +18bn in money market 13

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