UBS Results Presentation Deck
Working towards ~15% ROCET1
Underlying¹ return on CET1 capital
Illustrative
Franchise
stabilization and
client win-back
Funding cost
efficiencies
Balance sheet
optimization
Cost base
right-sizing
~15%
2026
exit rate
~15%
underlying¹ ROCET1
2026 exit rate
>10bn
gross cost saves by
end-2026 vs. FY22
~14%
CET1 capital ratio
over medium-term²
<70%
underlying¹ cost/income
ratio, 2026 exit rate
Capital returns
Committed to existing progressive dividend policy with
excess capital returned via share repurchases³
UBS 1 Excluding items not representative of underlying performance such as integration-related expenses and pull to par effects; 2 Reflects current Swiss too-big-to-fail framework and known changes to Basel
3 framework; 3 We have temporarily suspended repurchases under the share repurchase programs due to the acquisition of Credit Suisse; update to be provided with 2023 year-end results
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