UBS Results Presentation Deck
Executing our cost strategy
Operating expenses
bn
24.2
FY20
(0.0)
Costs excl.
variable and FA comp.,
litigation, restructuring
and FX
0.7
Variable and
FA comp.¹
0.8
Litigation and
restructuring²
0.3
FX
26.1
FY21
●
On track to deliver ~1bn gross cost saves p.a.
by 2023, funding our growth initiatives
●
Costs excl. variable and FA compensation,
litigation, restructuring and FX (0.2%) YoY
Current expectations for FY22:
Costs excl. variable and FA compensation,
litigation and FX to increase ~2% YoY
~200m restructuring costs
~100m³ Group Functions average quarterly loss
UBS 1 FY20 includes 359m from the acceleration of expenses in relation to outstanding deferred compensation awards; 2 FY20 includes net restructuring costs of 107m and litigation expenses of 197m;
FY21 includes net restructuring costs of 216m, of which 60m in 4Q21, and litigation expenses of 911m, of which 826m in 4Q21; 3 Excluding accounting asymmetries and call-out items
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