UBS Mergers and Acquisitions Presentation Deck
Preliminary combined pro forma shareholders' equity estimate as of 31.12.22
Regulatory impacts related to the unaudited pro forma condensed combined financial information are subject to regulator review and approval
Equity attributable to shareholders
USD bn
Credit Suisse
(US GAAP)1
UBS
105.7
48.8
56.9
31.12.22
Associated CET1
capital impacts³
USD bn
17.1
Write down of
Credit Suisse AT1s
SPG sale to Apollo
Credit Suisse
compensation
adjustments²
17
Credit Suisse
events in 2023 as
mentioned above
Refer to slide 5
(3.8)
0
US GAAP / IFRS
conversion
(1.2)
0
Goodwill and
intangibles.
Refer to slide 6
(11.3bn).
(13.0)
~50% expected to accrue
back to par if held to
maturity
(13)
(0.5)
Fair value
adjustments on
financial assets
and liabilities4
(1)
Fair value
adjustments on
non-financial assets
and liabilities
Refer to slide 7
(4.0)
(4)
Litigation,
regulatory and
similar matters
(5.8)
1
Other
94.4
Pro forma IFRS
combined;
31.12.22
Refer to slide 9 for the individual components of the categories in the chart; 1 Credit Suisse reported Shareholders' equity (US GAAP) as of 31.12.22 has been translated to USD using a CHF/USD spot rate
of 1.08 as of 31.12.22; 2 Estimated balance sheet impact of a write down of contingent capital awards issued by Credit Suisse and specific mandated Credit Suisse compensation cancellations as
communicated by the Swiss government to Credit Suisse in 2Q23; 3 As of 31.3.23, UBS CET1 capital was 45bn. The net addition from the transaction would be the CET1 capital of Credit Suisse of 54bn
UBS (based on a 31.3.23 CHF/USD rate of 1.09) and the above (17bn) of adjustments, excluding the first column which is already incorporated in Credit Suisse's CET1 capital as of 31.3.23, as well as an
estimated (1bn) reduction from the elimination of the reversal of cash flow hedge losses in Credit Suisse's CET1 capital calculations. Therefore the pro forma combined CET1 capital would be ~81bn. This
would translate into ~70% CET1 capital per share accretion; 4 Excludes fair value adjustments to debt issued as well as ECL allowances and provisions, which are covered in the "Other" category
4View entire presentation