UBS Results Presentation Deck slide image

UBS Results Presentation Deck

Excluding Credit Suisse UBS business divisions: Asset Management Total revenues m (5%) excl. gains on sale¹ (64%) r 1,372 848 524 Profit before tax m (19%) excl. gains on sale¹ (91%) r 959 499 848 111 2Q22 90 2Q23 Gains on sale¹ USD m, except where indicated Total revenues Net management fees Performance fees Net gain from disposal of a joint venture¹ Credit loss expense / (release) Operating expenses Profit before tax Cost / income ratio Invested assets, bn Net new money, bn 2Q23 499 492 7 0 409 90 82% 1Q23 2Q22 QoQ 17 502 1,372 (1%) (64%) 479 515 +3% (5%) (69%) (23%) 23 0 408 94 1,188 1,140 9 14 848 0 413 YoY 959 81% 30%² +1pp +52pp 1,047 +4% +13% (9) 0% (1%) (5%) (91%) PBT 90m Total revenues (64%) YoY, (5%) excl. gains on sale - Lower net management fees reflecting negative market performance - Lower performance fees in Hedge Fund. Businesses and Equities Cost/income 82%; operating expenses (1%) reflecting lower personnel costs, partly offset by FX effects and technology Invested assets 1,188bn, +4% QoQ reflecting positive market performance, net new money inflows and positive FX effects Net new money +17.2bn, +6% annualized growth. Excluding money market flows, NNM (excluding associates) was +19.5bn UBS Balances as of quarter-end; 1 848m gain in Asset Management in 2Q22 related to the sale of our shareholding in the Mitsubishi Corp.-UBS Realty Inc. joint venture; 2 79% excl. the sale of our shareholding in the Mitsubishi Corp.-UBS Realty Inc. joint venture 25
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