UBS Results Presentation Deck

Asset Management Profit before tax m Operating income m Cost / income ratio Invested assets End of period, bn Performance fees Net management fees 157 524 75 449 Gain from the sale of Fondcenter¹ 70% 739 928 169 2Q20 UBS 1 Subsequently renamed Clearstream Fund Centre 1,162 88 505 (2) Gain from the sale of Fondcenter¹ Credit loss (expense) / release 36% +62% 401 980 3Q20 +27% 774 255 518 48% +26% 1,092 4Q20 227 637 92 545 64% 1,121 1Q21 255 218 666 40*** 588 62% 1,174 2Q21 PBT 255m, +38% excluding 37m gain on sale of remaining investment in Fondcenter¹; 9th consecutive quarter of YoY PBT growth Operating income +27% Net management fees +31% benefitting from continued positive net new run rate fee generation Performance fees (46%) to more normalized levels Operating expenses +12% driven by higher personnel expenses Invested assets 1,174bn, +53bn QoQ NNM 9bn excl. money markets; 2bn incl. money markets; 87bn NNM excl. money markets over the last 12 months, 11% growth 15

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