UBS Results Presentation Deck slide image

UBS Results Presentation Deck

Investment Bank Total revenues, m 2,908 929 Profit before tax, m 1Q22 (19%) UBS 2,349 (49%) 477 1Q23 USDm, except where indicated Total revenues Global Banking Advisory Capital Markets Global Markets Execution Services Derivatives & Solutions Financing Credit loss expense / (release) Operating expenses Profit before tax Cost / income ratio Return on attributed equity 1Q23 4Q22 1Q22 QoQ 2,349 383 171 212 1,967 422 1,007 537 7 1,866 477 79% 15% 172 331 550 1,682 2,908 +40% (19%) +16% (30%) 216 (1%) (21%) +33% (37%) +46% (17%) 371 496 +14% (15%) 541 1,418 +86% (29%) 438 444 +23% +21% 1,351 2,358 159 8 334 93% 4 YoY 1,563 1,976 +19% (6%) 112 929 +327% (49%) 68% (13pp) +11pp 4% 28% PBT 477m; ROAE 15% Global Markets revenues (17%) Execution Services (15%) driven by lower Cash Equities volumes, partly offset by higher eFX Derivatives & Solutions (29%) vs. the best 1Q in a decade, driven by lower client activity in Equity Derivatives and FX, partly offset by increases in Credit Financing +21%, best 1Q on record, primarily driven by Prime Brokerage in APAC and Americas Of which: Equities 1,308m, (23%) YoY FRC 658m, +1% YoY Global Banking revenues (30%) Advisory (21%). M&A outperformance vs. fee pools across all regions Capital Markets (37%) due to muted issuance and deal flow Cost/income 79% 14
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