UBS Mergers and Acquisitions Presentation Deck
All balance sheet adjustments
USD bn
Credit Suisse events
in 1Q23
US GAAP / IFRS conversion Derecognition of certain positions recognized under US GAAP
Derecognition of pension assets under IFRS
Subtotal
Elimination of Credit Suisse goodwill
Estimated fair value of intangible assets acquired
Write down of existing intangible assets
Subtotal
Goodwill and intangibles
Fair value adjustments
on financial assets and
liabilities
Fair value adjustments on
non-financial assets and
liabilities
Litigation, regulatory and
similar matters
Other
Total
Adjustment
Write down of Credit Suisse AT1s
SPG sale to Apollo
Credit Suisse compensation cancellations
Subtotal
Reversal of US GAAP derivative netting impacts
Trade date to settlement date accounting
UBS
Loans and advances to customers
Financial assets at fair value held for trading
Financial assets at fair value not held for trading
Provisions related to unfunded loan commitments
Subtotal
Real estate
Capitalized software
DTA/DTL adjustments
Subtotal
IFRS recognition of possible outflows
Subtotal
Debt issued measured at amortized cost
o/w: Impact of UBS's own credit spread
o/w: Impact of interest rates into amortized cost securities not hedge accounted
Debt issued designated at fair value
o/w: Reversal of own credit gain recognized on fair value debt
o/w: Impact of UBS's own credit spread
Estimated acquisition-related costs
o/w: Incurred by UBS
o/w: Incurred by Credit se
Intercompany elimination adjustments
Expected credit losses under IFRS 9
Subtotal
Assets Liabilities
(15.9)
(5.0)
(0.4)
(21.3)
89.2
(4.2)
(4.2)
89.2
(10.5)
(3.2)
(3.8)
71.7
(3.1)
2.0
(0.1)
(1.2)
(5.9)
(3.0)
(1.0)
(9.9)
1.0
(2.0)
(0.1)
(1.1)
(4.1)
(0.3)
(4.4)
50.8
(10.5)
(3.2)
75.5
(0.6)
(0.6)
4.0
4.0
(0.2)
1.0
(1.2)
5.3
5.1
0.2
0.2
0.1
0.1
(4.1)
0.2
1.4
62.1
Equity CET1 impact Comments
600
17.1
3.1
3.1 (13.0)
(3.8)
(1.2)
(0.5)
(4.0)
(5.8)
(11.3)
17
CET1 neutral
CET1 neutral
(13) -50% expected to accrue back to par if held to maturity
1
(0)
(1) DTA/DTL adjustments are largely CET1 neutral
(4)
Assumed to be CET1 neutral, subject to regulator review and approval
Existing Credit Suisse CET1 adjustments as of 31.12.22
Assumed to be CET1 neutral, subject to regulator review and approval
Does not impact negative goodwill
Does not impact on negative goodwill or CET1
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